Parshwanath Corp (511176)

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

Key Financials

Strengths

• Book value per share is positive at ₹31.88, providing some asset backing.
• Annual earnings are still modestly positive—P/E of 69.59 implies roughly ₹0.27 crore net profit.
• Latest quarter shows ₹0 net profit, not a large quarterly loss.
• Small market cap of ₹19 crore means a single successful project could move the needle.

Concerns

• Sales growth of -142.86% and profit growth of -214.29%, with latest-quarter sales and profit near zero, signal a stalled business.
• Price of ₹61.79 sits below the stated 52-week low of ₹71.79, suggesting severe market rejection or data inconsistency.
• Piotroski F-Score of 3/9 indicates weak financial fundamentals.
• P/B of 1.94 with ROE of just 2.79% gives no margin of safety; promoter holding and debt/equity are undisclosed.

AI Analysis

Parshwanath Corp is a real-estate developer that, on its numbers, would make no value investor proud. I look first at what the business earns on the capital it employs: return on equity is just 2.79%, and return on capital employed is only 4.98%. That is far below what I could earn by putting my money in a well-run Indian business, and it tells me there is no durable moat here. You can dress up a developer as a 'residential and commercial projects' story, but the financials speak plainly: sales growth is -142.86%, profit growth -214.29%, and the latest quarter shows sales and net profit at roughly ₹0. The company has positive annual earnings—roughly ₹0.27 crore implied by the 69.59 P/E on a ₹19 crore market cap—but that is a pittance. The price is ₹61.79, while book value is ₹31.88. At a price-to-book of 1.94, you are paying a premium for a pocket-sized real-estate company with a Piotroski score of 3/9. Worse, the stock trades below its stated 52-week low of ₹71.79, an unusual and uncomfortable sign. There is no dividend, promoter holding is not disclosed, and debt-to-equity is unavailable, so I cannot trust the balance-sheet quality. Benjamin Graham would ask for a margin of safety; paying nearly twice book for a 2.79% ROE offers none. This is a cyclical business in a severe downcycle, possibly a turnaround. It could own assets worth something, but I have to buy at a discount to hard assets to protect the downside. At ₹61.79, I would rather wait. No earnings power, no moat, no disclosure—why price it as a going concern?

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