Martin Burn (523566)

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

Key Financials

Strengths

• Trades at a 48% discount to book value: ₹52.51 versus ₹101.65 per share.
• Low trailing P/E of 4.45 and ROE of 11.17% on book value suggest past asset productivity.
• Small market cap of ₹27 Cr could make it an obscure, neglected value candidate if assets are real.
• Current price is comfortably above the 52-week low of ₹36.12, offering some technical support.

Concerns

• Latest quarter has zero sales and zero net profit; sales growth is -100%.
• ROCE of -2.17% means operations are not generating a return on capital employed.
• Piotroski F-Score of 2/9 points to poor financial health and possible distress.
• No dividend, promoter holding N/A, and debt/equity not disclosed — the balance sheet picture is incomplete.

AI Analysis

This looks like a Graham-style asset play rather than a Buffett operating business. Martin Burn is a tiny ₹27 crore market cap company in residential and commercial real estate. The price of ₹52.51 gives me an apparent 48% discount to book value of ₹101.65 per share. The trailing P/E is only 4.45 and ROE is 11.17%, so on paper the stock looks cheap. But I must be sceptical. The latest quarter shows zero sales and zero profit. Sales growth is -100%, profit growth is -63.75%, and ROCE is -2.17%. That tells me the operating engine is not working; any earnings on the trailing P/E may be from non-recurring items or old project settlements, not from a vibrant business. The Piotroski F-Score of 2/9 is a serious red flag. A company scoring that low usually has deteriorating financials. There is no dividend, so the only reason to own this is the hope that the book value is real and will be unlocked. In real estate, book values can be stale, inflated by old land costs, or tied up in illiquid projects. Also, promoter holding is not shown, so I cannot judge alignment. A 52-week range of ₹36.12 to ₹77.00 shows the market itself is uncertain. Graham would say: don't rely on cheap P/E alone; ask what the assets are worth and when they can be converted to cash. This is a possible asset play, but only for a small speculative basket, not a core holding. I would wait for evidence of new sales, positive ROCE, or a clear catalyst before acting with confidence.

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