Oasis Securities (512489)

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 recent financial health is reasonably solid.
• ROCE of 9.46% is higher than ROE of 7.49%, indicating operating returns are not being dragged down by excessive leverage.
• The business is still generating some revenue, with latest quarter sales at ₹1 Cr, and has a small market cap that offers a large growth runway if execution improves.
• At ₹38 Cr market cap, it is a micro-cap where even modest absolute income growth could change the trajectory, if achieved.

Concerns

• Valuation is extreme: P/E of 28.10 and P/B of 25.38 against book value of ₹7.96 and zero profit growth.
• Latest quarter net profit is ₹0 Cr on sales of ₹1 Cr, suggesting current earnings power is negligible.
• 52-week range of ₹9.85 to ₹202 shows speculative price action completely disconnected from reported fundamentals.
• Zero dividend yield and 0% profit growth mean investors receive no current return and no demonstrated compounding.

AI Analysis

Let me start with what the figures show. Oasis Securities is a tiny NBFC with a market cap of ₹38 Cr. At ₹202, the market is asking me to pay 28.10 times earnings and 25.38 times book value, while the book value is just ₹7.96. For that price, I need a wonderful business growing rapidly. Instead I see sales growth at 0.00%, profit growth at 0.00%, and the latest quarter shows sales of ₹1 Cr and net profit of ₹0 Cr. In Graham's language, there is no margin of safety. In fact, the valuation is the opposite of safety. The quality measures are not impressive either. ROE is only 7.49% and ROCE is 9.46% — mediocre for an NBFC. There is no evident moat, and the dividend yield is zero, so I am not being paid to wait. The Piotroski F-Score of 7/9 is a small positive and suggests the financials are not deteriorating, but that does not justify paying 25 times book for a zero-growth, low-return business. The advertised PEG of 0.31 is misleading because reported profit growth is zero; with no growth, a PEG ratio is meaningless. The 52-week range is perhaps the loudest warning: ₹9.85 to ₹202. A near twenty-fold rise in price while sales and profits stayed flat is not investment — it is speculation. Promoter holding is also N/A, which gives me no confidence about insider alignment. I would pass. This is an average business at an extraordinary price. Better to wait for a much lower price or concrete evidence of real growth.

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