Mayur Floorings (531221)

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

Key Financials

Strengths

• Trades below book value at P/B 0.93, with price ₹10.35 versus book value ₹11.08
• Piotroski F-Score of 7/9 indicates some recent improvement in financial health
• Sales growth of 23.12% and profit growth of 50% show top-line momentum, albeit from a tiny base
• Small market cap of ₹5 Cr leaves room for high growth if execution improves

Concerns

• ROE is deeply negative at -26.63%, and latest quarter net profit is effectively ₹0 Cr
• P/E of 100.56 and PEG of 2.75 make valuation expensive relative to current earnings
• No dividend and zero yield, with promoter holding undisclosed, raising transparency concerns
• Debt/Equity is unavailable, so leverage and financial stability cannot be properly assessed

AI Analysis

At ₹10.35 with a market cap of just ₹5 Cr, Mayur Floorings is a microcap that would make Graham reach for a magnifying glass. The first thing I see is price below book value: book value is ₹11.08, so P/B is 0.93. That gives a narrow margin of safety if the assets are real and productive. But book value is only a starting point. The business itself earns weak returns: ROE is deeply negative at -26.63%, and ROCE is just 4.81%, below what a shareholder should expect. The latest quarter tells the story: sales of ₹2 Cr and net profit of ₹0 Cr. This is not a wonderful business earning growing excess returns; it is a small operator struggling to make meaningful money. Yes, sales grew 23.12% and reported profit growth is 50%, but from an extremely low base. The P/E of 100.56 and PEG of 2.75 make clear that the market is already paying a premium for those earnings, and I refuse to pay such a multiple for fragile, low-quality earnings. There is no dividend, and promoter holding is unavailable, which bothers me from a governance perspective. The Piotroski F-Score of 7/9 is a positive signal and suggests some recent improvement in financial health, so I would not dismiss this entirely. But this is more an asset play than a franchise play. I need to see actual profit conversion, stable book value, and honest management before treating this as a serious investment. In Buffett's words: it is far better to buy a wonderful company at a fair price than a fair company at a wonderful price. This company still needs to prove it is even fair.

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