Ekam Leasing (530581)

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

Key Financials

Strengths

• Positive book value of ₹5.19 per share gives a stated net worth to measure against the price.
• Latest quarter's net loss is reported as effectively ₹0 Cr, so there was no large additional quarterly cash burn visible.
• The company is listed on NSE/BSE, so price action and any corporate action can be monitored.

Concerns

• Zero revenue and sales growth of -100% mean there is no operating engine; ROE of -45.66% is shrinking book value.
• Piotroski F-score of 2/9 indicates weak financial health.
• At ₹9.12, the stock trades at 1.76 times book value, leaving no asset-based margin of safety for a loss-making company.
• Promoter holding and debt/equity are both N/A, leaving ownership and leverage risks invisible.

AI Analysis

I start with a very simple question: what does this business earn? The answer is nothing. Ekam Leasing has zero sales in the latest quarter and sales growth of -100%, so there is no operating earning power. The reported P/E of 0.00 is therefore meaningless; I cannot value a shell on no profits. The only balance-sheet measure I have is book value of ₹5.19 per share, and the market price of ₹9.12 asks me to pay 1.76 times that. That premium makes no sense for a company earning -45.66% on equity. Shareholders' capital is shrinking, and the Piotroski score of 2 out of 9 tells me the financial health is poor. There is no dividend, no moat, no customer franchise, and no growth story to hang my hat on. At the same time, I do not have promoter holding or debt-equity data, so I cannot judge whether management has skin in the game or whether there is hidden leverage. The stock is at the top of its 52-week range, but that is price action, not evidence of value. In Graham's framework, I need a margin of safety. Here the margin is negative compared to book value, and earnings power is zero. If the company has assets that can be unlocked, I need proof, audited numbers, and management that acts for minority shareholders. None of that is visible. I would rather miss the chance than make a mistake. Ekam Leasing is a pass for me.

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