Cindrella Fin. (531283)

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

Key Financials

Strengths

• Piotroski F-Score of 7/9 suggests reasonable short-term financial health and balance sheet quality.
• Book value per share of ₹9.77 provides a tangible asset base; P/B of 1.25 is not an extreme premium.
• Zero revenue erosion and zero debt disclosure indicate no aggressive leverage being added to a tiny balance sheet.
• Small market cap of ₹5 Cr gives scope for a future special situation or restructuring, though not enough to invest on that hope alone.

Concerns

• Latest quarter shows sales of ₹0 Cr and net profit of ₹0 Cr, meaning the lending machine is effectively not operating.
• ROE of 0.62% and ROCE of 2.61% are far below any acceptable return on capital.
• P/E of 31.92 with 0.00% growth makes the stock expensive on current earnings.
• Promoter holding and Debt/Equity are N/A, creating a serious transparency gap for a micro-cap NBFC.

AI Analysis

Looking at Cindrella Fin., I am reminded of Benjamin Graham's dictum: in the short run the market is a voting machine, but in the long run it is a weighing machine. Today Mr Market prices this NBFC at ₹12.21 per share, a market cap of just ₹5 Cr, so what exactly are we weighing? The latest quarter reports sales of ₹0 Cr and net profit of ₹0 Cr. Trailing earnings may exist only in rounding, and at a P/E of 31.92, you are paying nearly thirty-two years of stagnant earnings for a business that is not compounding. ROE is 0.62%, ROCE is 2.61%—well below bank fixed deposit rates. As an investor, I need an engine; this is an engine that is barely idling. Sales growth and profit growth are both 0.00%, dividend yield is zero. There is no promoter holding disclosure, so I cannot judge whether the people running this company have skin in the game. The Piotroski F-score of 7/9 suggests the balance sheet is not deteriorating, but with Debt/Equity marked N/A and zero reported revenue, there is not enough transparency for me to trust it. The PEG ratio of 0.80 is meaningless when growth is zero; it merely reflects the distorted low earnings base. Book value is ₹9.77, so at ₹12.21 I am paying a 25% premium to net worth. For an NBFC earning a 0.62% ROE, that is no margin of safety. Graham would want a discount to book, not a premium, when profitability is terrible. In an Indian market full of better businesses, this is a nano-cap with no demonstrated moat, no growth, and no dividend. It is not a wealth compounder; it is an asset-sitting puzzle. I would only revisit if the price fell materially below book value, or if the company began reporting actual lending income and capital allocation discipline.

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