Duke Offshore (531471)

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

Key Financials

Strengths

• Latest quarter reported a positive net profit of ₹1 Cr, with 214.10% profit growth on a very small base.
• Piotroski F-Score of 5/9 is not at the extreme distress level, suggesting some financial metrics are healthy.
• Book value of ₹6.03 per share gives a tangible asset benchmark, even though price is far above it.
• No dividend obligation means cash is not being drained for payouts.

Concerns

• ROE of -13.11% and ROCE of -30.04% show the business is destroying shareholder capital.
• Latest quarter sales are ₹0 Cr; the operating business appears stalled.
• At ₹20.82, the stock trades at 3.45 times book value for a loss-making company, leaving no margin of safety.
• Promoter holding and debt/equity are undisclosed, and a P/E of 0.00 with zero dividend offers no earnings or income anchor.

AI Analysis

Let me start with the only thing that really matters: return on capital. Duke Offshore earns -13.11% on equity and -30.04% on capital. That is economic destruction. A business taking ₹6.03 of book value per share and producing losses cannot be worth ₹20.82; the 3.45 times book price is backwards for a company with no sales. The latest quarter shows ₹0 Cr revenue and ₹1 Cr net profit. I don't know whether that profit is real operations or a one-time item, but before celebrating the 214.10% profit growth, I need a sustainable revenue stream. Zero sales growth says there is no engine of compounding. The reported P/E is 0.00, which is not cheapness; it is a sign that conventional earning power does not exist. The Piotroski F-score of 5/9 is mediocre, not the strong signal I want from a micro-cap. I receive no dividend. Promoter holding is not available, debt/equity is not available—these are basic questions an owner must have answered. The 52-week range of ₹13.12 to ₹32.89 shows a speculative stock, not a stable franchise. This is a tiny ₹21 Cr market cap in oil equipment services, a cyclical industry where only firms with strong balance sheets survive. I see no moat, no pricing power, no consistency. If this is a genuine turnaround, the financials do not yet prove it. Graham's margin of safety is absent. I would pass. A better price and real operating earnings would be needed before I even begin to consider it.

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