TCFC Finance (532284)

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

Key Financials

Strengths

• Price-to-book of 0.79 means the market caps the company at ₹90 crore while stated book value is ₹108.70 per share.
• Piotroski F-Score of 7/9 suggests improving fundamentals in profitability, leverage, and operating efficiency.
• Sales growth of 460.98% and profit growth of 90.20% indicate recent business momentum, albeit from a very small base.
• Small market cap of ₹90 crore leaves room for meaningful upside if the business genuinely turns around.

Concerns

• ROE of 0.61% and ROCE of 1.27% are far below any reasonable cost of capital; the business is not currently creating value for shareholders.
• Latest quarter revenue is only ₹1 crore and net profit rounds to zero, while the trailing P/E of 38.53 sits on negligible earnings.
• Dividend yield is zero, so investors get no income while waiting for a re-rating or asset realisation.
• Debt-to-equity and promoter holding are not available, leaving leverage and management alignment as major blind spots for an NBFC.

AI Analysis

At ₹85.51, TCFC Finance is the kind of stock that catches my attention for the wrong and right reasons. The market cap is ₹90 crore, yet the book value is ₹108.70 per share. At 0.79 times book, I am buying a rupee of stated assets for 79 paise. That is a Graham-style statistical bargain — if the assets are real. But the earning power is missing. Return on equity is 0.61% and ROCE is 1.27%. A bank fixed deposit earns more. The trailing P/E of 38.53 tells me the 'E' is small. Latest quarter sales are just ₹1 crore and net profit is negligible. Sales growth of 460.98% and profit growth of 90.20% look impressive, but when the base is almost zero, percentage growth can fool you. The PEG ratio of 0.14 is equally seductive and equally unreliable. The Piotroski F-Score of 7/9 does suggest recent improvement in the fundamentals, so I cannot dismiss it completely. Still, I am not a buyer of a lender earning 0.61% on equity simply because it trades below book. For an NBFC, book value and loan quality are everything. With debt-to-equity and promoter holding not available, I cannot judge leverage or alignment. There is no dividend, so the only returns come from price re-rating or asset realisation. This is an asset play, not a compounder. I would need to see sustained growth in revenue and profits and a stable or rising book value before acting. Numbers alone are not enough; I want evidence.

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