Clenon Enterpri (517564)

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

Key Financials

Strengths

• Book value of ₹10.10 per share provides some asset support, even though price is ₹12.40.
• Latest quarter still shows sales of ₹2 Cr, indicating an operating business exists.
• Market cap of ₹11 Cr means expectations are low and no growth premium is embedded.
• P/B of 1.23 is not extremely expensive in absolute asset terms.

Concerns

• P/E of 0.00 reflects absence of earnings; latest quarter had a net loss of ₹1 Cr.
• ROE of -30.62% and ROCE of -15.12% show significant value destruction.
• Piotroski F-Score of 2/9 indicates very weak financial health.
• Current price ₹12.40 is far below the stated 52-week range of ₹42.97-62.96, a serious data or repricing red flag.
• Zero sales growth, declining profits, and no dividend offer no compensation to shareholders.

AI Analysis

At first glance, the tiny market cap of ₹11 Cr and a book value of ₹10.10 per share might tempt a value hunter. But Graham taught me to look through the windshield, not the rearview mirror. Price ₹12.40 is above book, so I am not getting assets at a discount. More importantly, the business earns nothing: P/E is 0.00 only because profits are absent; latest quarter shows ₹2 Cr sales and ₹1 Cr net loss. ROE is -30.62% and ROCE is -15.12%. Every rupee of equity reinvested is being burned. Sales growth is 0.00%, profit growth is -13.46%, and there is no dividend. The Piotroski F-Score of 2/9 screams financial stress. This is a telecom equipment micro-cap facing an unforgiving, rapidly changing industry where I see no moat or pricing power. The so-called 52-week range of ₹42.97-62.96 versus current price ₹12.40 is a glaring red flag; either the data is wrong or there has been a catastrophic repricing. I cannot intelligently value an entity with no earnings, negative returns, and declining profitability. Book value per share is a weak floor because a company earning -30% ROE will keep tearing holes in that floor. I would not predict a turnaround; I would wait for proof—positive operating cash flow, positive earnings, stabilizing sales. Until then, this is not an investment; it is a statistical curiosity. In the words of Graham, the margin of safety is absent. I will pass.

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