Konndor Indust. (532397)

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

Key Financials

Strengths

• Trades at ₹9.50 against book value of ₹20.88, a 55% discount to stated book (P/B 0.45).
• Latest quarter net loss is effectively ₹0 Cr, suggesting minimal cash burn even without revenue.
• Reported ROCE of 9.37% hints at some positive return on capital employed, though it needs verification.
• Small market cap of ₹6 Cr means even modest asset realisation could move the per-share value significantly.

Concerns

• Sales have collapsed to ₹0 Cr (-100% sales growth); the operating business is currently non-existent.
• P/E is meaningless at 0.00 and profit growth is -108.33%, so there is no earnings support for the valuation.
• Piotroski F-score of 3/9 indicates weak financial health and elevated risk of further deterioration.
• Promoter holding and debt-to-equity are N/A; lack of ownership and leverage transparency is a red flag.

AI Analysis

At first glance, this is exactly the kind of stock Benjamin Graham taught me to inspect: Konndor Indust. trades at ₹9.50, while its book value stands at ₹20.88. That is a 55% discount to book, a price-to-book of 0.45. But the Graham discipline demands more than a low P/B ratio. I must ask: what is the earning power? The answer is alarming. Sales growth is -100%, and the latest quarter shows revenue of ₹0 Cr. A business with zero sales is not a business; it is a shell or a closed factory. The P/E is meaningless at 0.00, and profit growth is -108.33%. Even the reported ROCE of 9.37% cannot help me if there is no top line to convert into cash profits. The Piotroski F-score of 3 out of 9 reinforces my caution: this is a financially weak company, not a temporarily depressed one. With a market cap of only ₹6 Cr, there is no room for institutional scrutiny, and promoter holding is not disclosed. That lack of transparency matters. Could there be hidden assets? Yes, book value of ₹20.88 per share could represent land, plant, or investments. But when sales have vanished, that book value is only as good as the liquidation value of those assets. The 52-week range of ₹11.30 to ₹23.00 tells me the market has been marking this down; at ₹9.50, it has broken below that range. This is a cigar butt—possibly one puff left—but not a wonderful business. I would only consider it if I could verify the realizable value of every rupee of book value and see a plan to unlock it. Until then, cheap-looking is not necessarily cheap. I will wait patiently.

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