Ashirwad Cap. (512247)

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

Key Financials

Strengths

• Piotroski F-Score of 7/9 suggests the balance sheet and financials are not deteriorating on multiple accounting measures.
• Trailing P/E of 23.56 indicates some positive earnings exist in the trailing twelve months, despite the latest quarter being nil.
• ROE and ROCE are positive at 5.09% and 5.16%, so capital is at least earning a small positive return.
• Book value of ₹2.30 provides a tangible, if modest, floor to shareholder equity.

Concerns

• Latest quarter shows zero revenue and zero net profit, leaving the operating business apparently inactive.
• Sales growth and profit growth are both 0.00%, with no dividend yield—there is no compounding engine visible.
• P/B of 2.12 is expensive for a 5% ROE, offering little margin of safety.
• Critical data is missing: promoter holding, debt/equity, and adequate FairStock information are all unavailable.

AI Analysis

At ₹4.87, Ashirwad Cap. is a ₹45 crore micro-cap in 'Other Financial Services.' My first rule is that an investor must know what business he owns; here, the latest quarter shows ₹0 crore of sales and ₹0 crore of net profit. That is a red flag I cannot ignore. The trailing numbers give a P/E of 23.56 and a P/B of 2.12 against a book value of ₹2.30. For that premium, you get an ROE of only 5.09% and ROCE of 5.16%—hardly the 15%-plus returns I demand from a wealth-creating compounder. Growth is 0.00%, and there is no dividend. In Graham's language, there is no margin of safety: you are paying more than twice book for a business with no visible operating pulse. The Piotroski F-Score of 7/9 is a small point in favor—it suggests the balance sheet is not deteriorating—but a clean score is not the same as a competitive moat. The PEG ratio of 0.55 is meaningless because profit growth is zero. I do not see any durable competitive advantage in a generic financial-services shell; promoter holding is not even disclosed. If the company can restart revenue generation and earn a proper return on its ₹2.30 book value, it might become interesting. But as a value investor, I need financial evidence, not hope. At this price, I would rather watch and wait.

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