Pagaria Energy (531396)

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

Key Financials

Strengths

• Trades at ₹9.18 against book value of ₹13.22, a 0.69x price-to-book ratio.
• No meaningful debt is reported, reducing balance-sheet risk if assets are monetised.
• ROCE of 1.24% is positive, indicating the asset base still generates some income, albeit tiny.
• Current price is well below the top of the 52-week range (₹16.47), limiting overhang if sentiment improves.

Concerns

• Latest quarter has ₹0 crore sales and ₹-0 crore net profit: no operative earnings engine.
• ROE is -0.13% and P/E is 0.00 because profits are absent, so book value is not being compounded.
• Piotroski F-score of 3/9 suggests weak financial health, not a hidden gem.
• Promoter holding is N/A and market cap is only ₹4 crore, posing governance and liquidity risks.

AI Analysis

At ₹9.18, Pagaria Energy is a tiny ₹4 crore market-cap vehicle that immediately smells like a cigar butt. The one clear number in its favour is book value: ₹13.22 per share. Buying at 0.69 times book means I am paying about 69 paise for every rupee of stated net assets. But Benjamin Graham taught me that a discount to book is not enough if assets are not earning. The latest quarter shows sales of ₹0 crore and net profit of -₹0 crore. There is essentially no business running. With profit at zero, the P/E is meaningless; with ROE at -0.13%, shareholders are getting no return on that book value. ROCE of 1.24% tells me the capital employed is barely covering even the cost of capital, if at all. The Piotroski F-score of 3 out of 9 reinforces that this is a financially weak situation, not a healthy company temporarily mispriced. Growth rates are zero across sales and profit, and there is no dividend to compensate me while I wait. Promoter holding is not disclosed, which is a governance red flag. The 52-week range of ₹6.50 to ₹16.47 also shows how speculative the price action can be. In Buffett's language, this is not a wonderful business at a fair price; it is a mediocre or absent business at a possibly low price. If the book value is real and can be unlocked through a sale, merger, or liquidation, there may be value. But if the zero-revenue situation persists, today's 'cheap' price could become cheaper. For a retail investor, this is only a speculation on asset realisation, not investing. I would keep it very small or watch from the sidelines.

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