Mena Mani Inds. (531127)

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

Key Financials

Strengths

• Sales growth of 23.51% shows the business is not shrinking at the top line.
• Latest quarterly sales of ₹6 Cr provide a base to monitor future recovery.
• Small market cap of ₹89 Cr leaves room for niche growth if capital is deployed wisely.
• ROE of 96.72% suggests the existing equity base is being worked hard, though quality is questionable.

Concerns

• Profit growth is -84.21% and latest quarter net profit is ₹0 Cr, leaving no earnings to support the valuation.
• ROCE of only 2.90% indicates very poor return on capital actually employed.
• Piotroski F-Score of 4/9 points to weak financial health.
• Book value, debt/equity, and promoter holding are unavailable, and P/E is meaningless at zero earnings.

AI Analysis

Looking at Mena Mani Inds., I am reminded that a business is only as good as its earning power. The price of ₹8.57 capitalizes the company at ₹89 Crore, but what do I actually get in return? Latest quarter sales are ₹6 Crore and net profit is roughly ₹0 Crore. Over the year, profit collapsed by 84.21% even while sales grew 23.51%. That tells me the company is expanding turnover without converting it into profits—perhaps due to weak pricing power, high costs, or provisioning in an NBFC. ROE of 96.72% looks seductive at first glance, but with ROCE of only 2.90%, the return on actual capital employed is poor. The high ROE is likely arithmetic from a thin equity base, not evidence of a durable franchise. The Piotroski F-Score of 4/9 reinforces my caution. There is no dividend, so my returns would depend entirely on future earnings. I cannot calculate book value, debt-to-equity, or promoter holding from the data given; as Graham would say, what is undisclosed cannot be trusted. The 52-week range of ₹6.15 to ₹10.36 shows a volatile, speculative stock, not a steady compounder. This is at best a turnaround candidate, not a stalwart. I need evidence of stable margins, positive net profit, and clean asset quality before I put a rupee in. Until then, I prefer to watch from the sidelines.

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