Charms Industrie (531327)
TurnaroundScore breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹7.1 |
| Market Cap | ₹3.01 Cr |
| P/E Ratio | 0 |
| ROCE | -30.3% |
| ROE | -158.56% |
| Dividend Yield | 0% |
| Profit Growth | 0% |
| Debt/Equity | — |
| Sales Growth | -100% |
| 52-Week Range | ₹4.63 — ₹7.15 |
| Sector | Finance |
| Book Value | ₹0.24 |
Strengths
- Maintains a positive book value of ₹0.24 per share, so it is not fully insolvent on paper.
- Listed on both NSE and BSE, providing minority holders a thin exit route.
- No dividend obligation, so cash is not being drained by payouts.
- Stock trades near its 52-week high, indicating some speculative interest.
Concerns
- Zero sales in the latest quarter and -100% sales growth mean the company has no active revenue stream.
- ROE of -158.56% and ROCE of -30.30% indicate severe capital destruction.
- P/B of 29.58 versus book value of ₹0.24 implies an extreme premium for nonexistent earnings power.
- Piotroski F-score of 2/9 reflects very poor financial health and likely distress.
AI Analysis
When I see a stock like Charms Industrie, I reach for the same checklist I've used for decades. Does it have a business? Not really. Latest quarter sales are ₹0 crore, and the trailing sales growth is -100%. This is not a temporary setback; it is an absence of operations. The market cap sits at ₹3 crore, yet the book value is only ₹0.24 per share. At ₹7.10, you are paying 29.6 times book for a company earning nothing. The P/E is zero because earnings are zero. As Graham would say, price is what you pay, value is what you get—and here you get negative return on equity of -158.56% and a Piotroski F-score of 2/9. That score is a red flag for financial distress, not hidden opportunity. There is no dividend to compensate, no growth story, and promoter holding is not even disclosed. Some might call this a 'cigar-butt' turnaround play, but a cigar butt must still have one puff left. This has no sales, no profits, and a valuation that implies something will change. I cannot build a thesis on hope and a ticker symbol. In investing, you must demand a margin of safety. Here the margin is negative. I would pass. Let the speculators trade this shell; it is not a business, and I stick to businesses.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer