Atharv Enter (530187)

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

Key Financials

Strengths

• Shares trade at ₹2.79 against book value ₹12.06, a 77% discount (P/B 0.23), offering potential asset backing.
• Piotroski F-Score of 6/9 suggests historically passable financial health despite low profitability.
• Reported profit growth of 25% indicates some earnings improvement, albeit from a very low base.
• Tiny market cap of ₹5 Cr means the stock is likely overlooked and could be inefficiently priced.

Concerns

• Latest quarter sales and net profit are ₹0 Cr, showing negligible or no operating activity.
• ROE of 0.99% and ROCE of 1.22% mean the assets are earning far below any reasonable cost of capital; stated book value may be unproductive or overvalued.
• No dividend, undisclosed promoter holding, and price at ₹2.79 below the 52-week low of ₹2.83 indicate weak market confidence and poor transparency.
• P/E of 33.85 is expensive relative to current earnings, so the market is already paying up for the tiny reported growth.

AI Analysis

Let me be plain: this is not a business I would normally spend much time on. Atharv Enter is an NBFC with a market capitalisation of just ₹5 crore and a share price of ₹2.79. The one thing that catches my eye is that the book value stands at ₹12.06, so the stock trades at 0.23 times book. In the old Graham world, buying ₹12 of assets for ₹2.79 is attractive only if those assets are real and can eventually earn a fair return. Here the business is earning very little: ROE is 0.99% and ROCE is 1.22%. A company earning roughly 1% on equity is not compounding wealth; it is tying up capital. The latest quarter shows sales of ₹0 crore and net profit of ₹0 crore, so the income statement is practically silent. Profit growth of 25% sounds nice, but with a P/E of 33.85 and a PEG of 1.35, the market is not giving you a bargain on earnings. There is no dividend, and promoter holding is not disclosed, which is a transparency red flag. The Piotroski score of 6/9 is passable, but that is backward-looking; it does not tell me whether the net assets are worth more than the listed price after costs. What we have is a classic asset play: a small, dormant or near-dormant NBFC trading well below stated book. If the book value is genuine and the company can monetise or revive operations, the upside is material. If not, the low ROE suggests value is likely to stay trapped. I would not buy today without deeper diligence on asset quality, related-party and realisable value. Price, as it stands, offers margin of safety on the balance sheet, but no evidence of a productive, growing business with a moat. That combination demands caution.

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