Kretto Syscon (531328)

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

Key Financials

Strengths

• Stated book value of ₹0.30 per share shows some positive net assets, even though the price is 3.47 times that.
• Reported ROCE of 12.88% indicates capital employed is not entirely unproductive, despite zero current revenue.
• Trailing P/E of 52.11 implies the company has a small positive trailing profit rather than a loss.
• Current price of ₹1.04 is above the 52-week low of ₹0.45, suggesting speculative interest and some trading liquidity.

Concerns

• Sales growth of -100% and latest quarterly sales of ₹0 Cr mean the company currently has no operating revenue.
• Profit growth of -90.72% and latest quarterly net profit of ₹0 Cr show earnings power has collapsed.
• At P/B of 3.47 and P/E of 52.11, with ROE of only 4.94% and a Piotroski F-score of 3/9, there is no margin of safety.
• No dividend, no disclosed promoter holding, and no debt/equity data leave the retail investor exposed to speculation and poor transparency.

AI Analysis

When I look at Kretto Syscon, I first ask: what does this business earn? The answer is uncomfortable. The latest quarter has sales of ₹0 Cr and net profit of ₹0 Cr. Full-year sales growth is -100% and profit growth is -90.72%. This is not a going concern in the ordinary sense; it is a corporate shell with a project label. Benjamin Graham taught me to pay for earnings power, not hope. At ₹1.04, the market cap is ₹65 Cr, which is 3.47 times the stated book value of ₹0.30 per share. So I am paying more than three times book for a company whose return on equity is only 4.94%. If I can earn 5% on book, why pay 3.5 times book? The 12.88% ROCE sounds better, but with zero current revenue it likely comes from residual assets or historical operations, not a repeatable business. No debt/equity data is provided, so I cannot assess leverage. The Piotroski F-score of 3 out of 9 reinforces my concern about financial health. There is no dividend, so the only possible return is price appreciation. A P/E of 52.11 on collapsed earnings means the market is pricing a revival, but I prefer to buy when revival is visible in numbers, not in story. The 52-week range of ₹0.45 to ₹1.87 shows a speculative, low-priced stock. Promoter holding is not disclosed, which adds another layer of uncertainty. Maybe there is hidden land or project value, but I do not invest based on maybe. My job is to assess the figures: no revenue, no profit, expensive relative to book and earnings, and no dividend. That fails every value test I follow. I will leave this for traders and wait for either a genuine turnaround in quarterly results or a price far below book value.

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