Nimbus Projects (511714)

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

Key Financials

Strengths

• Sales remain positive at ₹2 Cr in the latest quarter, with 3.2% growth indicating the business has not stopped operating.
• ROCE of 8.3% suggests some productive use of capital employed despite the headline loss.
• Market cap of ₹59 Cr is small, so a successful project monetization could have an outsized impact.
• Trading at ₹52.99, far below the 52-week range, means market expectations are already deeply depressed.

Concerns

• Latest quarter net loss of ₹41 Cr on sales of just ₹2 Cr is severe and cash-draining.
• Profit growth of -173.9% and a P/E of zero mean there is no earnings support for valuation.
• ROE of 1309% likely signals negative net worth or a severely eroded book value.
• Current price below the 52-week range, zero dividend, N/A promoter holding, and a Piotroski F-score of 4/9 all point to weak health and poor transparency.

AI Analysis

When I look at Nimbus Projects, I cannot value it on earnings because current earnings do not exist. The P/E is zero, and the latest quarter reports just ₹2 crore in sales against a ₹41 crore net loss. That is value destruction, not a temporary blip. Profit growth has collapsed by 173.9%, and the 1309% ROE is not a sign of brilliance; it is an accounting red flag, likely reflecting a negative net worth. Without an equity cushion, the first adverse development can wipe out shareholders. Revenue growth of 3.2% is far too tepid to justify a real estate developer, and the Piotroski F-score of 4/9 confirms weak fundamentals. ROCE of 8.3% shows some operating return, but not enough to compensate for the balance-sheet risk. There is no dividend, so the investor cannot even wait and get paid. The market cap is only ₹59 crore, and the stock at ₹52.99 trades below its stated 52-week range of ₹165.55 to ₹307.00. That oddity suggests either severe distress or unreliable data. Graham would ask: where is the book value? Where are the assets? Without book value, debt-to-equity, or promoter holding figures, I have no margin of safety to calculate. This is not a wonderful company at a fair price. It is a speculative turnaround candidate. The price has fallen, but a falling price is not the same as value. In a real estate business, assets and project execution are everything. I need evidence of project monetization, a clean balance sheet, and a credible management plan before committing capital. Until then, Nimbus Projects belongs on the watchlist, not in a value portfolio.

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