Neelkanth Rock (531049)

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

Key Financials

Strengths

• Price is only 1.09 times book value, offering potential downside support if book assets are real and recoverable.
• Piotroski F-Score of 6/9 indicates reasonable financial health signals on the balance sheet and profitability metrics.
• Small market cap of ₹8 Cr means even modest absolute operating activity could meaningfully move per-share fundamentals.
• Stock trades near the lower end of its 52-week range, reducing some sentiment-driven downside risk.

Concerns

• Latest quarter shows ₹0 Cr sales and ₹0 Cr net profit, contradicting the reported 225% profit growth and raising doubts about recurring earnings.
• Sales growth is 0.00% and ROE/ROCE are below 5%, indicating absent earning power.
• No dividend, undisclosed debt/equity and promoter holding, and insufficient data make the balance sheet hard to verify.
• P/E of 24.08 is not meaningful when the underlying business has no active sales or profits in the latest quarter.

AI Analysis

At ₹15.22, Neelkanth Rock is a ₹8 crore microcap trading barely above its book value of ₹13.99. From a Graham perspective, buying a rupee of assets for ₹1.09 is not automatically cheap if those assets cannot earn. The operating record shows no sales growth and a latest quarter with zero revenue and zero profit; the 225% profit growth is likely a low-base or accounting artifact, not evidence of a franchise. With ROE of 4.65% and ROCE of 3.77%, this business earns far less than I expect from any enterprise, and shareholders receive no dividend while waiting. There is no pricing power, no identifiable moat, and in commodity construction materials, small players have little durability. The Piotroski score of 6 suggests some financial stability, but with debt/equity not available and promoter holding undisclosed, I cannot trust the balance sheet fully. The 52-week range of ₹13.00 to ₹22.97 shows a thinly traded, speculative stock. The only Graham-like attraction is the balance sheet value; if the book value is real and liquid, downside may be partly protected. But I am not buying a business to break even; I need earnings power. At a P/E of 24 and essentially zero current operating activity, the market is paying for optionality, not demonstrated performance. The PEG of 0.11 is a trap because it uses a profit growth rate that the latest quarter contradicts. This is a possible asset play, not a compounding machine. I would keep it on a watch list and demand evidence of genuine revenue and capital allocation before acting.

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