CMX Holdings (532217)

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

Key Financials

Strengths

• Reported ROE is positive at 10.67%, though it may be distorted by a thin or negative equity base.
• Latest quarterly net loss is negligible at -₹0 crore, so there is no major cash burn reported.
• Small market cap of ₹76 crore has attracted speculative interest, as seen in the stock's rise from ₹17.73 to ₹66.92.
• No dividend obligation exists, leaving any cash within the company.

Concerns

• Zero sales and a net loss in the latest quarter leave no proven earning power to value.
• ROCE of -1,250% implies severe operational capital destruction.
• Piotroski F-Score of 2/9 signals very weak financial health.
• Key metrics such as book value, P/B, debt/equity, promoter holding, and FairStock Score are unavailable or insufficient.

AI Analysis

At ₹66.92, CMX Holdings has a market cap of ₹76 crore, yet the underlying business produced sales of ₹0 crore and a net loss of -₹0 crore in the latest quarter. Profit growth is -28.57%, and the Piotroski F-Score is a miserable 2 out of 9. Benjamin Graham would ask: where is the earning power? The P/E of 0.00 is not a bargain; it is a statement that earnings are absent or meaningless. ROCE at -1,250% tells me that capital employed in this business is being destroyed, not compounded. The positive ROE of 10.67% might look nice, but with no sales it is likely a distortion from a small equity base or non-operating items, and book value is not even disclosed. I cannot calculate a price-to-book ratio or debt-to-equity, and promoter holding is unavailable. That lack of transparency is a red flag, not a reason to trust. The stock trades at ₹66.92, near the 52-week high of ₹69.13, after a run from ₹17.73. Buying here means paying a huge premium to the yearly low for a company with no sales, no dividend, and negative operating returns. FairStock Score says insufficient data. In Graham's framework, price is what you pay, value is what you get. Here, I cannot identify value. There is no margin of safety. This is not an investment; it is a speculation. I would rather pass and wait for a business I can understand, with clean accounting, positive earnings, and a clear moat.

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