Asia Pack (530899)

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

Key Financials

Strengths

• P/B of 0.39 offers a deep discount to book value of ₹146.21 per share against market price of ₹57.73.
• Piotroski F-Score of 6/9 suggests no immediate red flags in financial statement quality.
• Market cap of ₹15 Cr is small enough that any meaningful asset sale could have a large per-share impact.
• Profit growth of 314.29%, while from a tiny base, shows some earnings momentum on a trailing basis.

Concerns

• Latest quarter shows sales of ₹0 Cr and net profit of ₹0 Cr, indicating no active operating earnings engine.
• ROE of 1.31% and ROCE of 0.62% show book value is largely non-productive.
• P/E of 23.48 is unjustified given almost negligible earnings; growth percentage is off an extremely low base.
• Promoter holding is not disclosed and dividend yield is zero, raising governance and return concerns.

AI Analysis

At ₹57.73, Asia Pack looks like the kind of deep-value cigar butt Graham would flag for inspection. The market values the entire company at just ₹15 crore, while the stated book value is ₹146.21 per share. That means I am paying only 39 paise for every rupee of assets, a potential margin of safety. But Graham also taught me that a bargain must be tested by earnings. This business fails that test. ROE is only 1.31%, ROCE is a negligible 0.62%, and the latest quarter shows zero sales and zero net profit. The assets on the balance sheet are simply not earning their keep. The P/E of 23.48 and the 314.29% profit growth are arithmetic illusions created by a tiny base. There is no dividend to reward me while I wait, and promoter holding is not disclosed, which is a serious concern in a microcap. The Piotroski F-Score of 6/9 is mildly reassuring on past financial health, but it does not compensate for an absence of earning power. I see no moat in 'Other Textile Products' — no pricing power, no growth, no operations. This is an asset play, not a business. The discount to book is only worthwhile if the assets are real, liquid, and can be unlocked by management. Until I see evidence of that, owning this stock is just owning a stagnant pile of capital with a hopeful price tag.

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