NB Footwear (523242)

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

Key Financials

Strengths

• ROE of 16.14% is positive, though book value is not disclosed for verification.
• Piotroski F-Score of 5/9 indicates some fundamental stability, not a severely distressed balance sheet.
• Profit growth of 40% suggests possible improvement from a prior low base.
• Current price is in the lower half of the 52-week range, limiting apparent speculative froth.

Concerns

• Latest quarter sales are ₹0 Cr and net profit is ₹-0 Cr, showing no visible operating activity.
• P/E of 0.00 is meaningless because earnings are negligible or absent.
• ROCE is 0.00% and sales growth is 0.00%, indicating no real return from operations.
• Book value, debt/equity, and promoter holding are all N/A, leaving governance and asset backing unverifiable.

AI Analysis

NB Footwear is a microcap leather company with a market cap of just ₹11 Cr, but that alone does not make it interesting. My first rule is to understand the business and its economics. Here, the latest quarter shows sales of ₹0 Cr and net profit of ₹-0 Cr. A P/E of 0.00 is not a sign of cheapness; it is a sign of no meaningful earnings. ROE of 16.14% looks respectable, but with book value unavailable and ROCE at 0.00%, I cannot verify whether that return is real or sustainable. Leather products is a competitive, low-moat industry, and without pricing power a small player is vulnerable. The 40% profit growth might excite traders, but from a base of zero or negligible profits it is statistically meaningless. The Piotroski F-Score of 5/9 suggests middling financial health, not a company with clear fundamental improvement. There is no dividend, no promoter-holding data, and no debt-equity figure, so I am flying blind on ownership and capital structure. At ₹8.21, the stock sits in the lower half of its ₹6.01–₹11.30 52-week range, but without book value or earnings power I cannot say whether there is a margin of safety. In Graham's language, this is not an investment; it is a speculation. I need tangible assets, audible earnings, or visible turnaround progress. NB Footwear currently lacks all three. I would not put a rupee into it unless management provides full financials and a credible plan to generate genuine sales and profits. Until then, the intelligent investor's answer is simple: pass.

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