Nicco Parks (526721)
TurnaroundFairStock Score: 6/100 — RISKY
Score breakdown: P/E: 0/3 · ROCE: 2/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹145.6 |
| Market Cap | ₹681.41 Cr |
| P/E Ratio | 44.53 |
| ROCE | 28.15% |
| ROE | 31.39% |
| Dividend Yield | 1.73% |
| Profit Growth | -81.07% |
| Debt/Equity | — |
| Sales Growth | -30.2% |
| 52-Week Range | ₹59 — ₹145.6 |
| Sector | Leisure Services |
| Book Value | ₹17.57 |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
Let me look at Nicco Parks the way I look at any business: what does it earn, how reliably, and what am I paying? The first numbers that jump out are ROE of 31.39% and ROCE of 28.15%. Those are wonderful returns, but they are backward-looking. The latest quarter tells a different story: sales of just ₹13 crore and net profit of only ₹1 crore. Sales have collapsed 30.20% and profit has plunged 81.07%. That is not the sign of a stalwart; it is a cyclical business in a downcycle. A P/E of 44.53 on depressed earnings, and a price-to-book of 8.29 against a book value of ₹17.57, means the market is already pricing in a full recovery. I cannot pay high multiples for a currently shrinking earnings base. The Piotroski F-Score of 3/9 raises red flags about financial health, and the FairStock Score of 6/100 reinforces the risk. The dividend yield of 1.73% gives some comfort, but it cannot compensate for a potential earnings decline. Amusement parks, despite their entertainment appeal, are capital-intensive and discretionary; they suffer in downturns and require constant maintenance. We have no debt/equity or promoter holding data, so I cannot fully assess balance-sheet safety or promoter alignment. If the company returns to positive sales growth and rebuilds profits toward historical levels, the high ROE may justify a premium. But at the 52-week high of ₹145.60, I am too late. As Graham said, price is what you pay; value is what you get. Here, the value is uncertain and the price is not attractive. I would wait for a margin of safety and evidence of a durable turnaround before committing capital.
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Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer