T. Spiritual (532444)
Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1
Key Financials
| Current Price | ₹1.93 |
| Market Cap | ₹4.05 Cr |
| P/E Ratio | 0 |
| ROCE | -13.99% |
| ROE | -12.33% |
| Dividend Yield | 0% |
| Profit Growth | 133.33% |
| Debt/Equity | — |
| Sales Growth | 0% |
| 52-Week Range | ₹1.29 — ₹2.29 |
| Sector | IT - Software |
| Book Value | ₹0.66 |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
Let me begin with the only number that matters to a value investor: earnings. T. Spiritual had ₹0 crore of sales and ₹0 crore of net profit in the latest quarter. Sales growth is 0.00%, and P/E is 0.00. There is no operating business to appraise. The reported profit growth of 133.33% is a mathematical base effect, not evidence of a recovery. I cannot put a multiple on zero. The balance sheet offers little comfort. Book value is ₹0.66 per share, while the market price is ₹1.93. That means I must pay 2.92 times book value for a company destroying capital at an ROE of -12.33% and a ROCE of -13.99%. As Graham said, buying future earnings requires a margin of safety; here, the price gives me none. The Piotroski F-Score of 5/9 is mediocre, but even it cannot offset zero revenue and negative returns. There is also no dividend yield, no promoter holding disclosure, and no meaningful debt/equity information. In a ₹4 crore market-cap micro-cap, missing governance data is a red flag. The 52-week range of ₹1.29 to ₹2.29 shows a speculative stock, not a stable enterprise. With price near the upper end, sentiment, not fundamentals, is driving this. Would I buy the whole company at ₹4 crore? Not unless new information shows real sales, a policy to convert assets into earnings, and positive ROE. Until then, this is a 'turnaround candidate' in name only. As Buffett would say, it is far better to buy a wonderful business at a fair price than to buy a questionable business at a low price. At ₹1.93, this is not a wonderful business, and the price is not low relative to its book value. Profit growth without absolute profit is noise; I will pass.
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Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer