Mapro Industries (509762)

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• Piotroski F-Score 7/9 indicates some financial-strength improvements, so the balance sheet may not be deteriorating.
• Positive book value of ₹30.85 per share provides a tangible asset base, even though the market is paying far above it.
• Tiny ₹43 Cr market cap means even a small absolute profit can move the stock, if operations restart.
• Civil construction is an industry that can benefit from infrastructure spending, giving a possible demand trigger.

Concerns

• Latest quarter sales and net profit are both ₹0 Cr; the company appears to have no active earnings engine.
• Valuation is extreme: P/E 133.47, P/B 12.83, and price ₹395.90 vs book value ₹30.85, leaving huge downside if excitement fades.
• ROCE of 1.39% and ROE of 1.89% are far below acceptable returns on capital; the business is not earning its keep.
• No dividend, no promoter holding disclosure, and zero growth make it difficult to assess management quality or shareholder intent.

AI Analysis

Putting a name to it, this is not an investment; it is a speculation in a very small cap. Mapro Industries has a market capitalization of ₹43 crore, but the latest quarter shows sales of ₹0 crore and net profit of ₹0 crore. The full-year sales growth and profit growth are also zero. You cannot value a business on a P/E of 133.47 when there is no current earnings power to speak of. The P/B of 12.83 versus book value of ₹30.85 per share means Mr. Market is paying more than twelve times the accounting net worth for a civil construction company earning a return on equity of only 1.89% and a ROCE of 1.39%. That is a classic value trap, or worse, a momentum ticket. The 52-week range of ₹39.71 to ₹395.90 shows the stock has been on a wild ride. The Piotroski F-score of 7 is the only positive, and it suggests the balance sheet may be healthier, but I do not bottom fish purely on a score when the income statement is empty. The PEG ratio of 0.35 is meaningless because there is no real growth; it assumes a growth rate that the figures do not show. There is no dividend, promoter holding is not disclosed, and the FairStock score is insufficient. Graham would ask: where is the margin of safety? At ₹395.90, I do not see one. If the company eventually generates real sales and profits and Mr. Market offers a reasonable price, I would be glad to revisit. Until then, this is for traders, not for someone looking to own a business.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer