Jai Mata Glass (523467)

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

Key Financials

Strengths

• Positive book value of ₹0.36 per share provides a residual asset base.
• Latest quarterly net loss rounds to ₹-0 Cr, suggesting limited near-term cash burn.
• Positive ROCE of 3.40% indicates some capital employed is earning a small positive return.
• The stock trades 35% below its 52-week high, leaving room for sentiment-driven recovery if operations restart.

Concerns

• Sales are zero with growth of -100%, meaning there is no active operating business to value.
• Price-to-book of 5.25 means investors pay over five times stated book value despite negative ROE of -23.66%.
• Piotroski F-score of 3/9 signals weak financial health and elevated distress risk.
• Profit growth of -500% and missing promoter ownership data create opacity around governance and viability.

AI Analysis

As a value investor, my first question is always: what does this business earn? Here, the answer is nothing. Jai Mata Glass reports sales of ₹0 Cr in the latest quarter and sales growth of -100%. A company with no sales and a net loss cannot be valued on earnings; the P/E of 0.00 is not a bargain signal, it is an absence of earnings. The book value stands at ₹0.36, yet the market price is ₹1.89, a price-to-book ratio of 5.25. So even on a conservative asset basis, I am paying a huge premium for a shell-like entity. ROE is -23.66%, meaning shareholder equity is being eroded. The Piotroski F-score of 3 out of 9 confirms weak financial health. I take little comfort from ROCE of 3.40% when the actual business has no revenue; it likely reflects non-operating balances or assets, not a durable competitive advantage. There is no dividend, no promoter holding data, and insufficient information to assess debt obligations. Graham would say price is what you pay, value is what you get. Here, I see no visible, growing stream of earnings on which to base a reasonable valuation. The 52-week range of ₹1.42 to ₹2.93 shows a stock trading near the lower end, but cheapness relative to its own past is not the same as cheapness relative to intrinsic value. Without clarity on why sales disappeared, whether the stated book value reflects real recoverable assets, or how losses will be reversed, this is a speculation, not an investment. I would need audited balance sheet detail, cash flow, and a credible plan for generating revenue. Until then, I will pass. In Buffett's words, it is far better to lose an opportunity than to lose capital.

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