Available Fin. (531310)

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

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

When I see a P/E of 1.21 and a PEG of 0.07, my first instinct is to reach for my wallet. But Graham taught me to look behind the numbers. Available Fin. reports a latest-quarter net profit of ₹27 Cr with sales of ₹0 Cr. That is not business income; it is an event. In financial services, such 'profits' often come from selling assets or marking positions, not from a durable franchise. The balance sheet tells a more sober story: book value is only ₹20.44 per share, but the market asks ₹236.85. That is 11.59 times book for an enterprise that earns just 1.14% on equity and 0.03% on capital. If I pay ₹236.85 for ₹20.44 of net assets, I need enormous future earnings to justify the price. The reported P/E implies annual earnings of roughly ₹205 Cr against a net worth of only ₹21 Cr. That is mathematically incompatible with a 1.14% ROE unless the earnings are non-recurring. Profit growth of 28.97% sounds attractive, but it is easy to grow profits from a base of almost nothing. The Piotroski F-Score of 7/9 is a point in its favour, but no score can turn a one-time gain into a perpetual cash machine. I would rather miss this apparent bargain than buy an earnings mirage. If the company can demonstrate recurring revenue, consistent capital allocation, and a return on equity above its cost of capital, then I will revisit. Until then, this is a pass. The margin of safety is not the low P/E; it is the difference between price and intrinsic value. I don't see that difference here.

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