Meyer Apparel (531613)

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

Key Financials

Strengths

• Piotroski F-Score of 5/9 suggests the company is not in acute financial distress on the nine-point checklist.
• Reported profit growth of +37.04% theoretically signals improved profitability, even if from a negligible base.
• Positive ROE of 2.41% indicates some net profit relative to equity, rather than a bleeding balance sheet.
• Tiny ₹19 Cr market capitalization leaves room for a large re-rating if any genuine business activity resumes.

Concerns

• Sales collapsed 96.15% and latest quarterly sales are ₹0 Cr; there is effectively no operating business.
• P/E and ROCE are 0.00, confirming the company earns no measurable return on capital.
• Book value, debt/equity, and promoter holding are unavailable, making it impossible to assess asset cover, leverage, or insider commitment.
• No dividend and a 52-week range in low single digits suggest a speculative shell, not an income-generating enterprise.

AI Analysis

Reading this, I am reminded of Graham's caution: you cannot make a sound investment out of numbers you do not have. Meyer Apparel carries a market cap of ₹19 Cr at ₹2.31, but the income statement is barely alive. Sales growth is -96.15%, and the latest quarter shows ₹0 Cr of sales and ₹0 Cr of net profit. A P/E of 0.00 and ROCE of 0.00 are not misprints; they tell me this business is currently producing no operating return. The reported profit growth of +37.04% is a meaningless base effect—one cannot grow earnings from a near-empty shell. ROE of 2.41% is a faint flicker, but with no equity book value available, I cannot even verify asset backing. A Piotroski F-Score of 5/9 hints at some internal stabilisation, but that is a symptom check, not an economic moat. In Bombay's old lexicon, this is a knife, not a cigar butt. There is no dividend yield, no promoter holding data, and no balance-sheet figures to compute debt/equity. Without those, any margin of safety is an assumption, not a calculation. In Graham's terms, if you cannot value it, you cannot invest in it. The 52-week range of ₹1.51-₹3.02 shows a micro-cap that trades on hope and liquidity, not fundamentals. I would need audited statements, a plan to restart real sales, and evidence of tangible net assets before considering it. As of now, this is a speculator's toy, not a value investor's position. I would watch from the sidelines.

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