Anka India (531673)

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

Key Financials

Strengths

• Profit growth of +92.11% indicates losses are narrowing sharply versus the prior period
• Latest quarter net profit of ₹-0 Cr suggests the company is close to breakeven
• Piotroski F-Score of 5/9 is moderate, not a failing score
• Book value is positive at ₹3.21 per share, providing a nominal asset base

Concerns

• ROE of -50.86% and ROCE of 0.00 show severe ongoing value destruction
• Sales growth of -19.43% means the business is contracting at the top line
• Valuation is rich: P/B of 4.34 with zero P/E, paying over 4 times book for a loss-maker
• Current price of ₹13.92 is below the stated 52-week low of ₹18.58, signaling weak market confidence
• Promoter holding is unavailable, limiting governance and ownership transparency

AI Analysis

Let me look at this the way Graham taught me: Anka India is a small leather-products company with a market cap of just ₹21 Cr and a book value of ₹3.21 per share. At ₹13.92, I am being asked to pay 4.34 times book for a business earning a return on equity of -50.86%. That is the math of a value destroyer, not a compounder. The P/E of 0.00 and ROCE of 0.00 tell me there are no meaningful operating earnings to appraise. Sales are also shrinking, down 19.43%, so the top line is heading in the wrong direction. When a business is losing money, losing sales, and trading well above book value, the price offers no margin of safety. The 52-week range, from ₹71.11 down to below the stated low of ₹18.58, shows a stock that has already broken the confidence of every investor who touched it. Now, the reported profit growth of +92.11% and a latest quarter with sales of ₹4 Cr and net profit of roughly ₹-0 Cr do catch my attention—it suggests losses may be narrowing toward breakeven. The Piotroski F-Score of 5/9 is not terrible, so there are some faint signs of life. But a turnaround must be proven over time, not in one quarter. Buffett would ask: where is the moat? I see none in leather products from the numbers given. No dividend, no promoter holding data, and no reliable debt figure make it even harder to assess. This is not a Graham-style bargain; it is a speculative recovery story. I will not put money here today, but I will watch it if the business can prove sustained profitability.

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