Newtime Infra. (531959)

FairStock Score: 5/100 — RISKY

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

Key Financials

Strengths

• Piotroski F-Score of 6/9 suggests some year-on-year financial-strength improvements, so not every metric is deteriorating.
• Positive ROCE of 1.30%, though low, shows operations are not deeply value-destructive at the operating-capital level.
• Reported profit growth of 70.13% is directionally positive, even if starting from a negligible or negative base.
• Latest quarter still generated ₹1 Cr of sales, confirming some basic business activity exists.

Concerns

• P/E of 0.00 and latest quarter net profit of ₹-0 Cr mean there are no current earnings to support the ₹890 Cr market cap.
• P/B of 33.63 against book value of ₹0.48 and a negative ROE of -1.96% means paying a huge premium for poor capital allocation.
• Quarterly sales of just ₹1 Cr versus an ₹890 Cr market cap, combined with -1.96% sales growth, makes the valuation detached from the business.
• Stock rose roughly 10x from ₹1.62 to ₹16.14 in 52 weeks without matching fundamental improvement, while promoter and debt/equity data are missing.

AI Analysis

Newtime Infra at ₹16.14 carries a market cap of ₹890 Cr and a P/E of 0.00. In my world, an infinite P/E means there are no earnings to pay the price. The latest quarter says it all: sales of just ₹1 Cr and net profit of ₹-0 Cr. Book value is only ₹0.48 per share, so the market is paying 33.6 times book for a business that earns a negative return on equity of -1.96%. Even ROCE is a meagre 1.30%. Graham would not need the remaining pages of the annual report before saying no. The 70% profit growth looks tempting, but from a negative or negligible base it is a statistical illusion. Meanwhile sales have actually contracted by 1.96%, and a quarter gives us only ₹1 Cr of revenue against an ₹890 Cr market cap. The stock has climbed from ₹1.62 to ₹16.14 in one year; a 10-fold price jump without a fundamental earnings jump is speculation, not investing. I cannot identify any moat in a trading and distribution business with no pricing power. There is no dividend, no proper promoter data, no debt details, and a FairStock Score of 5/100 reinforces the risk. My mind is already made up: pass. A true turnaround must show real profits and sensible capital allocation. Newtime shows none of that yet. If the business can one day produce meaningful earnings per share, we will revisit.

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