Zodiac-JRD MKJ (512587)

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

Key Financials

Strengths

• Price is close to book value: P/B 1.02 against book value ₹64.68, offering a possible asset-backed floor.
• Sales grew 12.82%, showing some top-line momentum even though profits are weak.
• Latest quarter sales of ₹6 crore indicate the business is still active and not stalled.

Concerns

• Profit growth fell 38.10% and latest quarter net profit was ₹0 crore, leaving no current earnings support.
• ROE of 0.78% and ROCE of 1.41% show the book value is earning almost nothing.
• P/E of 74.94 and PEG of 5.85 are expensive against tiny earnings.
• Piotroski F-score of 4/9, zero dividend, and missing promoter/debt data reduce confidence.

AI Analysis

At ₹66.07, Zodiac-JRD MKJ is a microcap in gems, jewellery and watches with a market cap of only ₹34 crore. Whenever I see a P/E of 74.94 and an ROE of 0.78%, I smell trouble, not opportunity. The company earns almost nothing on its book value of ₹64.68. You are paying roughly book value, but a book value that generates under 1% return is not an asset I want to own at one times book. Profit growth is down 38.10%, and the latest quarter shows sales of ₹6 crore and net profit of ₹0 crore. Sales grew 12.82%, but revenue without profit is just turnover. ROCE is only 1.41%, so even capital employed is barely earning anything. No dividend means the small shareholder gets no cash while waiting. The Piotroski F-score of 4/9 and a PEG of 5.85 reinforce the weak financial position. As Graham would say, price is what you pay, value is what you get. Here, the asset book gives some downside cushion, but earning power is absent. In gems and jewellery, inventory valuation is critical; a stated book value may not be as solid as it appears. This looks like a possible asset play if the assets are real and liquidation value is close to book, but with no promoter holding data or debt details, I cannot trust it. I would need a substantial discount to book, or evidence of a genuine turnaround in margins, before considering this microcap. For now, it fails my test of a durable, predictable business.

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