Last Mile Enter. (526961)
TurnaroundFairStock Score: 51/100 — MIXED
Score breakdown: P/E: 2/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹719.95 |
| Market Cap | ₹1,972.79 Cr |
| P/E Ratio | 14.78 |
| ROCE | 8.02% |
| ROE | 2.04% |
| Dividend Yield | 0.34% |
| Profit Growth | -72.17% |
| Debt/Equity | — |
| Sales Growth | 424.06% |
| 52-Week Range | ₹2.76 — ₹719.95 |
| Sector | Finance |
| Book Value | ₹13.39 |
Strengths
- Sales growth of 424.06% shows rapid business expansion.
- Reported P/E of 14.78 appears optically reasonable on trailing earnings.
- Latest quarter is profitable with ₹3 Cr net profit, not a loss-making operation.
- ROCE of 8.02% is positive and above the reported ROE.
Concerns
- P/B of 53.77 against ROE of just 2.04% means paying 54 times book for very poor equity returns.
- Profit growth is -72.17% and latest quarter net margin is below 1%.
- Piotroski F-Score of 4/9 signals weak fundamental health.
- Extreme 52-week range ₹2.76–₹719.95, with promoter holding and debt/equity undisclosed, creates opaque governance and leverage risk.
AI Analysis
Let me start with simple arithmetic. Last Mile Enter. is quoted at ₹719.95, giving a market cap of ₹1,973 crore, but book value is only ₹13.39 per share. That means I am being asked to pay 53.77 times book for a business earning a return on equity of just 2.04%. This is the opposite of Graham's margin of safety. The reported P/E of 14.78 looks cheap only because past earnings included something that is not happening now. Sales have grown 424%, but profit has fallen 72.17%. In the latest quarter, sales were ₹375 crore and net profit was just ₹3 crore — a net margin of less than 1%. If that quarterly profit were annualised, the stock would be trading over 160 times earnings, not 14.78. A PEG of 0.03 is meaningless when earnings are declining. The Piotroski F-score of 4/9 and ROCE of 8.02% do not suggest a durable moat. The 52-week range of ₹2.76 to ₹719.95 screams speculation, not sober value creation. Promoter holding and debt-equity data are not disclosed, so I cannot judge alignment or leverage. Dividend yield is a token 0.34%. The FairStock Score of 48/100 matches my mixed impression, but as a value investor I need more than mixed. I would keep this on a watch list, not buy it today. Profits must convincingly catch up with the massive sales growth before I am willing to pay even a fraction of this price.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer