IITL Projects (531968)

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

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Let's start with what I can see. At ₹43.78, IITL Projects has a market cap of only ₹22 Cr. Trailing P/E of 16.46 implies earnings around ₹1.3 Cr. That looks cheap at first. But I learned long ago: never judge a business by the income statement alone; the balance sheet is the body. Here I don't have a book value, and the ROE is -102.23%. Debt/equity is also N/A, so I cannot gauge leverage. That can only mean equity has been eroded—likely negative net worth. Graham would instantly walk away from a business that has destroyed its capital and cannot give me asset backing. The latest quarter adds to my hesitation: sales are zero, yet reported net profit is ₹1 Cr. Profit without sales is not operating earnings power; it may be other income, accounting adjustments, or a one-off. Sales growth is 0.00%. A 152.89% profit growth and 0.11 PEG are seductive, but meaningless if the core business isn't producing revenue. ROCE is 16.55%, and Piotroski F-Score is 6/9, so there are signs of repair—but I need to see cash from actual projects, not just accounting numbers. I also get no dividend and no promoter holding data. The 52-week range shows the stock traded from ₹73.90 down to ₹33.01; current price of ₹43.78 is a fallen angel, not a proven compounding machine. In real estate, cycles and project execution matter. Until I see sales, positive tangible equity, and a clear source of profit, this is not the kind of business where I can have a margin of safety. I will wait and watch.

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