IMEC Services (513295)

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

Key Financials

Strengths

• Price of ₹7.68 is below book value of ₹9.98, giving a P/B of 0.77
• P/E of 1.67 is optically cheap on trailing earnings
• Reported ROE and ROCE of 1381.85% and 177.14% indicate past capital efficiency
• No debt/equity figure is shown, so at least no explicit leverage is visible in the data

Concerns

• Sales growth is -99.35% and latest quarter sales are ₹0 Cr, indicating the business has nearly stopped operating
• Latest quarter net profit is -₹1 Cr and profit growth is -181.82%, showing ongoing losses
• Piotroski F-Score of 3/9 reflects weak financial health
• Current price of ₹7.68 versus the 52-week range of ₹133.15-448.35 is a major red flag or data anomaly

AI Analysis

At ₹7.68, IMEC Services appears to be a statistical bargain: a price-to-book of 0.77 against a book value of ₹9.98. Graham said to buy a dollar for 77 cents, but only when the dollar is real. Here, the latest quarter shows sales of ₹0 Cr and a net loss of ₹1 Cr. Sales growth has collapsed by -99.35%. This is not a temporarily depressed cyclical; it is a business that has essentially stopped selling anything. The reported ROE of 1381.85% and ROCE of 177.14% are mathematical distortions from a tiny equity base, not evidence of a wonderful franchise. Profit growth of -181.82% reinforces the deterioration. The Piotroski F-score of 3/9 also tells me the financial health is weak. What should worry any investor is the absurd distance between the current price of ₹7.68 and the 52-week range of ₹133.15-448.35. Either the market has rejected the stock, or the data are distorted; neither gives me comfort. A ₹1 crore market cap makes this an extremely illiquid, micro-cap shell. The P/E of 1.67 is optically cheap, but with zero current sales, trailing earnings are not predictive. No dividend, no growth, and no visible catalyst. This is, at best, an asset play if the book value is genuinely protected by real assets and no hidden liabilities. But a company with zero sales and a quarterly loss tends to burn capital. I would require audited net current asset values, an explanation of the 52-week range, and evidence of revenue before deploying even a small amount. In Buffett's words, it is far better to buy a wonderful business at a fair price than a poor business at a bargain price. IMEC Services today offers only the appearance of value, not the substance.

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