Iconik Sports (511260)

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

Key Financials

Strengths

• Reported profit growth of 230.77% shows improving bottom-line momentum, albeit from a low base.
• Latest quarter is profitable: ₹1 Cr net profit on ₹14 Cr sales.
• ROCE of 17.08% indicates some positive return on operating capital.
• Piotroski F-Score of 6/9 suggests moderately healthy financials across multiple accounting signals.

Concerns

• ROE of -260.16% signals severe shareholder value destruction or negative equity.
• Sales growth is 0.00%—there is no top-line engine driving this business.
• Current price below the 52-week range of ₹33.57–₹91.03 raises red flags about data reliability or distress.
• No dividend, no book value/debt disclosure, and no promoter holding data leave insufficient transparency for a Graham-style margin of safety.

AI Analysis

At ₹16.64, Iconik Sports carries a market cap of just ₹165 Cr. In the Graham tradition, the first question isn't the price tag—it's whether the business earns a reasonable return on capital. Here the picture is muddy. ROCE is 17.08%, decent for a financial services firm, but return on equity is a disastrous -260.16%. That tells me shareholders' equity is being destroyed even while operating capital produces something. With no book value or debt/equity disclosed, I cannot apply my usual margin-of-safety test. The price is also below the stated 52-week range of ₹33.57–₹91.03, which either means the data is stale or something has gone terribly wrong; either way, caution is warranted. Growth? Sales growth is flat at 0.00%, yet profit growth is reported at 230.77%. A 230% profit jump on zero revenue growth is usually a base effect, one-off gain, or aggressive accounting—not the organic compounding I look for. Latest quarter sales of ₹14 Cr and net profit of ₹1 Cr suggest a thin 7% net margin. At P/E of 26.03, the market is paying a moderate multiple for a small, stagnant, capital-destroying business. The PEG of 0.11 looks seductive, but with no sustainable growth visibility, I discount it heavily. Piotroski F-Score of 6/9 is passable, but I don't own a checklist; I own businesses. This one has no dividend, flat sales, negative equity returns, and limited transparency. It may be a turnaround speculatively, not a value investment. I need evidence of durable profitability and cleaner books before committing any capital.

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