JMD Ventures (511092)

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

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

This business fails my first test: I want predictable earnings power, not a film venture where every release is a fresh roll of the dice. JMD has revenue shrinking 30%, profits down 45%, and the latest quarter shows literally zero sales and zero profit. That is not a healthy going concern; it is a company waiting for one lucky release. At ₹13.12, the market cap is ₹39 Cr against book value of ₹14.07 per share, so P/B is 0.93. A price slightly below book looks like Graham's margin of safety, but film libraries, receivables, and exhibition assets are not like cash or plant; their realisable value can evaporate quickly. ROE is only 1.89% and ROCE is just 4.19%, far below what a patient owner should accept. The P/E of 16.82 is meaningless when current earnings are near zero. The Piotroski F-Score of 3/9 adds to my worry about financial health, and promoter holding is not even disclosed, so I cannot judge insider alignment. There is no dividend, no growth, and no identifiable moat in an intensely hit-driven industry. The only comfort is the small discount to book value, roughly a 7% cushion. That is not enough. This could be an asset play if dependable liquidation value exists, but film companies rarely liquidate; they keep hoping for one blockbuster. At this price, I am neither a buyer nor a short seller. I would need a much lower price, an honest valuation of the film library, and clarity on capital returns. Until then, this belongs in the 'too hard' pile.

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