Starlog Enterp. (520155)

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

Key Financials

Strengths

• Trading at ₹36.07 against book value of ₹52.84, a 32% discount to stated net worth (P/B 0.68).
• Book value per share provides a tangible asset cushion if asset values are realistic.
• Market capitalization of ₹45 Cr is small, leaving room for potential asset monetization or restructuring.
• Industry exposure to port services suggests an asset-heavy operating base, though the financials do not yet confirm value.

Concerns

• Sales growth is -51.79% and profit growth is -310.85%; latest quarterly sales of ₹2 Cr are offset by a net loss of ₹2 Cr.
• ROE of -5.32% and ROCE of -2.00% show the business is destroying value on both equity and capital employed.
• Piotroski F-Score of 2/9 indicates very poor financial health and elevated distress risk.
• No dividend, no positive earnings, and undisclosed promoter holding and debt/equity raise transparency and governance concerns.

AI Analysis

At ₹36.07 with book value of ₹52.84, Starlog Enterprises is selling at a 32% discount to stated net worth. That looks like Graham's classic margin of safety. But the operating reality tells a different story. Latest quarter sales are just ₹2 crore and net loss is ₹2 crore--the company is consuming capital. Sales growth is -51.79%, profit growth -310.85%, and ROE is -5.32%. A Piotroski F-Score of 2 out of 9 reinforces the picture of financial stress. In Graham's language, assets only have value if they can earn, or be converted into cash; a business generating negative returns on equity while revenue collapses can be a value trap, not a bargain. This is a small-cap, ₹45 crore market cap, in port services. I don't see a durable moat in the numbers. There is no dividend to compensate while waiting, and P/E is meaningless since earnings are negative. The one concrete support is P/B of 0.68: if book value can be realized, either through operations or asset monetization, there is protection. But I also note that promoter holding and debt/equity are undisclosed; in a tiny company like this, transparency matters enormously. I would not rely on earnings growth forecasts. I need to see quarterly losses shrink, sales stabilize, or clear evidence that book assets are liquid. Until then, this is an asset play, not a quality compounder.

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