Ashtasidhhi Ind (531341)

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

Key Financials

Strengths

• Small discount to book: P/B of 0.98 with book value ₹14.17 versus price ₹13.93.
• Piotroski F-Score of 7/9 indicates recent fundamental improvement in profitability, leverage/liquidity, and operating efficiency.
• Reported sales growth of 756.82% and profit growth of 800% show a sharp revival in activity from a very low base.
• PEG ratio of 0.23 appears optically cheap if the 800% profit growth is sustained.

Concerns

• ROE of 0.96% and ROCE of 0.29% show the business generates almost no return on its stated equity and capital.
• P/E of 176.11 with latest quarter net profit of roughly ₹0 crore means earnings are negligible; growth percentages are from a microscopic base.
• No dividend yield and promoter holding not disclosed reduce transparency and minority shareholder comfort.
• Market cap of only ₹10 Cr makes it highly illiquid and speculative.

AI Analysis

As I look at Ashtasidhhi Ind, the first thing that catches my eye is the balance sheet: the shares sell at ₹13.93 against book value of ₹14.17, so I am being asked to pay only 0.98 times book. Graham always taught me to look there first. But book value is only a starting point. This NBFC earns almost nothing on its equity: return on equity is 0.96 per cent and return on capital employed is just 0.29 per cent. That is not a business; it is a pile of assets with no earnings power. The reported sales growth of 756.82 per cent and profit growth of 800 per cent sound spectacular, but they start from a microscopic base. The latest quarter shows sales of only ₹4 crore and net profit of roughly ₹0 crore. Trailing P/E of 176.11 confirms that current profit is trivial. With no dividend yield and promoter holding not disclosed, I cannot judge whether the people inside are aligned with me. The Piotroski F-Score of 7/9 is mildly encouraging, and the PEG of 0.23 looks cheap on paper, but a PEG is meaningless when earnings are near zero: eight times almost nothing is still almost nothing. If there is a genuine turnaround, I need to see profit, not just revenue expansion. Until ROE moves meaningfully and net profit appears regularly, this is a tiny, illiquid speculation at a small discount to book. Better to be sure of a modest return than to hope for a miracle from a micro-cap with no demonstrated earning power. I would leave this one for speculators.

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