Hindustan Agrig. (519574)

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

Key Financials

Strengths

• Positive book value per share of ₹25.82 gives some asset backing, though it is not a bargain at the current P/B of 1.77.
• Trailing earnings are nominally positive (P/E calculates to 545.33), so the company has not yet slipped into a large net loss.
• No dividend payout at least prevents further cash outflow for a company that currently has zero sales.

Concerns

• Sales are zero and sales growth is -100%, meaning the business has no operating revenue.
• ROCE is -3.53% and ROE only 0.25%; capital is not being put to productive use.
• Piotroski F-Score of 2/9 signals weak financial health and possible distress.
• At a P/E of 545.33 and P/B of 1.77 with profit growth at -300%, there is no margin of safety.

AI Analysis

Let me be plain: Hindustan Agrig. fails every test I would apply. The company sells for ₹45.75, or a market cap of ₹21 crore, but it has no sales. Revenue growth has collapsed by 100%, and the latest quarter shows sales of ₹0 crore with a negligible net loss. A P/E of 545 is a warning, not a sign of value; it merely reflects a tiny earnings base of less than ₹0.04 crore. Return on equity is 0.25% and return on capital employed is negative at -3.53%. This is a business that cannot earn a decent return on the assets it holds. Graham would compare the price to the book value of ₹25.82. At P/B of 1.77, I am being asked to pay a 77% premium for assets that yield almost nothing. The Piotroski F-Score of 2/9 only deepens the concern—this is a company in poor financial health. There is no dividend to compensate me while I wait, and promoter holding is not disclosed, so I cannot see whether owner-operators have skin in the game. Some would label this a 'turnaround' because of the zero revenue base. But I do not buy turnarounds based on hope; I buy businesses with demonstrated earning power. With sales gone and ROCE negative, the equity cushion can erode quickly. The 52-week range of ₹35.50 to ₹72.01 shows how speculative the trading is. If the business cannot generate revenue, the book value of ₹25.82 is only worth what the assets can be sold for or put to use. At ₹45.75, there is no margin of safety. This is a pass. Wait for real sales, positive ROCE, and a price at a meaningful discount to book.

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