Ind-Agiv Commer. (517077)

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

Key Financials

Strengths

• Reported ROE of 13.76% suggests some historical shareholder return, albeit on a very small base.
• Piotroski F-Score of 5/9 indicates moderate financial health, not outright distress.
• Market cap of ₹7 crore is tiny, offering a potential niche asset play if tangible assets exist.
• Sales growth collapse may mean a low baseline, so any future recovery could show high percentage growth.

Concerns

• Sales growth of -92.94% and latest quarter sales of ₹0 crore show a business that has effectively stopped trading.
• Latest quarter net profit is ₹-0 crore, meaning no real profitability; P/E of 0.00 is meaningless without earnings.
• Negative ROCE of -11.10% confirms core operations are losing money on capital employed.
• No dividend, no promoter holding data, and no book value disclosure make fundamental valuation impossible.

AI Analysis

When I look at Ind-Agiv Commer, the first thing that strikes me is the sheer size: a market cap of just ₹7 crore. That is a micro-cap by any standard, and in such situations, I must be even more disciplined. The sales picture is alarming — a decline of 92.94% over the period shown. For a trading and distribution business, that is not a slowdown; it is a collapse. Yet, reported profit growth is +97.18%. That seems contradictory. When sales go to nearly zero, and the latest quarter shows sales of ₹0 crore and net profit of ₹-0 crore, I suspect the profit figure is an artifact of a tiny base or one-off gains, not a sustainable earning engine. Return on equity of 13.76% looks decent, but that is misleading when the equity base is tiny and the return on capital employed is negative at -11.10%. That negative ROCE tells me the core operations are destroying value, not creating it. The Piotroski F-Score of 5 out of 9 gives me little comfort; it is middling, not a sign of financial strength. There is no dividend, no promoter holding disclosure, and no book value given. As Graham would say, the margin of safety is impossible to assess without a clear view of net assets or earnings power. This is not a business I can call a stalwart or a fast grower. It is, at best, a speculative turnaround candidate. The price is 65 rupees, well off its 52-week high of 92.82, but that alone doesn't make it cheap. I would need to see actual sales traction and positive operating cash flow before I could even begin to consider it.

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