Retro Green (519191)

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

Key Financials

Strengths

• Small market cap of ₹38 Cr provides a base where a modest, profitable business revival can meaningfully move per-share value.
• Positive ROCE of 0.24%, though tiny, shows capital employed is not wholly loss-making.
• Book value of ₹2.56 per share offers some tangible asset backing, even though price is above it.
• Share price at the 52-week high of ₹9.89 versus the ₹0.95 low suggests the market is already pricing in a turnaround.

Concerns

• Latest quarter sales and net profit are ₹0 Cr; the core revenue engine appears to have stalled.
• Sales growth of -88.57% and profit growth of -93.10%; ROE is negative at -1.76%.
• Valuation is expensive on fundamentals: P/B of 3.86 with no earnings to justify the P/E.
• Piotroski F-Score is 3/9, there is no dividend, and promoter holding and debt data are unavailable.

AI Analysis

At ₹9.89, Retro Green has a market cap of only ₹38 Cr. My first question is always: what does this business earn? The answer is almost nothing. Sales are down 88.57%, profit is down 93.10%, and the latest quarter shows ₹0 Cr sales and ₹0 Cr net profit. A company with no revenue and no earnings cannot be valued on a P/E; the quoted P/E of 0.00 is a warning, not a discount. Book value is ₹2.56 per share, but the market price is ₹9.89, or 3.86 times book. That leaves no margin of safety. ROE is negative at -1.76%, and ROCE is barely positive at 0.24%. The Piotroski F-Score of 3/9 points to weak financial health. There is no dividend yield to reward me while I wait. Graham taught me to buy with a margin of safety, and this stock offers none. The share price has gone from ₹0.95 to ₹9.89, but a rising price without rising profits is speculation, not investment. Perhaps the market is betting on a turnaround in the tea and coffee business. I need evidence before I can join that bet. I want to see sales come back from zero, net profit turn durably positive, and ROE climb above zero. I also want clarity on promoter holding and debt, both marked as not available. The good side is the small but clean base: ₹2.56 of book value and a positive, though tiny, ROCE mean the shell still has some assets to work with. If management can restart the engine, a small company like this can create value. But the burden of proof is on them. Until the numbers confirm a genuine recovery, I would keep Retro Green on my watchlist, not in my portfolio.

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