Glance Finance (531199)

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

Key Financials

Strengths

• Trades at a 43% discount to book value: ₹105.93 vs ₹185.71 book value, P/B 0.57.
• Piotroski F-Score of 6/9 suggests reasonably healthy fundamentals for a microcap.
• Profit growth of 82.93% and PEG of 0.52 indicate apparent earnings momentum.
• Latest quarter is profitable: ₹4 Cr sales and ₹1 Cr net profit.

Concerns

• P/E of 42.71 is high; trailing earnings are only about ₹0.6 Cr, so the profit jump may be a low-base effect.
• Sales growth is sharply negative at -24.28%, showing a shrinking top line.
• ROE of 2.42% is very weak; the book value is not generating meaningful returns.
• No dividend, and no debt-equity or promoter holding data are available to judge risk.

AI Analysis

At ₹105.93, Glance Finance trades at 0.57 times book value of ₹185.71. That looks like a classic Graham-style asset play, but a Benjamin Graham would ask: what is the owner earning on that asset? Only 2.42% ROE. The company earns very little on its net worth, so buying below book is not automatically cheap. The market cap is just ₹24 Cr, tiny, and this is an NBFC, where trust, capital adequacy and lending discipline matter. With sales down 24.28% and trailing profit implied by a P/E of 42.71 at only about ₹0.6 Cr, the 82.93% profit growth is off a very low base. The latest quarter shows ₹4 Cr sales and ₹1 Cr profit, but one quarter of ₹1 Cr profit is larger than the entire trailing earnings—so I need to see whether that is sustainable or a one-off. ROCE at 9.46% is better than ROE, hinting leverage is doing some work, but without debt/equity and promoter holding data, I cannot judge the balance-sheet risk. Piotroski F-score of 6/9 is decent, but not a strong enough signal for me. The zero dividend means shareholders get no cash while waiting. No moat is visible in a small NBFC with falling revenue. It may be an asset play on net-net value, but value only matters if management eventually creates earnings or returns capital. I would keep a very small watch position, not a conviction buy. I need proof of earnings quality, stabilisation of top line, and better ROE before treating this as a Buffett-style opportunity. Right now, it is a cheap asset with a poor franchise.

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