P B A Infra. (532676)

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

Key Financials

Strengths

• Reported ROE of 18.52% suggests possible capital efficiency, though the latest loss makes it questionable.
• Stock trades below the 52-week high of ₹17.00, giving some rebound space if the business stabilizes.
• Latest quarterly revenue of ₹2 Cr shows the company is still operating rather than being completely dormant.

Concerns

• Sales growth of -74.16% indicates a severe collapse in business activity.
• Latest quarter net loss of ₹2 Cr equals the entire ₹2 Cr of quarterly sales, an unsustainable -100% net margin.
• Profit growth of -600%, ROCE of 0.57%, and a Piotroski score of 3/9 all point to weak operational and financial health.
• Missing book value, debt/equity, promoter holding, and dividend data prevent any reliable asset-backed safety check.

AI Analysis

Let me examine this the way Graham would: first protection, then reward. P B A Infra is a ₹17 crore micro-cap in civil construction, trading at ₹12.30. The P/E is shown as 0.00, which means there is no meaningful earnings to justify a multiple. Book value is unavailable, and debt-to-equity is unavailable—so I cannot calculate a margin of safety. That alone disqualifies it from my circle of competence. The latest quarter reports ₹2 crore in sales and ₹2 crore in net loss, a -100% net margin. The year-over-year numbers are worse: sales down 74.16%, profits down 600%. Such a collapse is not a temporary blip; it is a warning. ROCE is just 0.57%, lower than what a bad fixed deposit would give, and the Piotroski F-Score is 3/9, meaning six of nine basic health tests fail. The reported ROE of 18.52% looks strange next to these losses. Without book value or debt numbers, I suspect it is an artifact of a very small or possibly eroded equity base, not a sign of a franchise. There is no moat: a civil construction company with collapsing revenue cannot have pricing power. At best, this is a speculation on a turnaround; at worst, it is a value trap. In the 52-week range ₹7.00 to ₹17.00, today's ₹12.30 looks neither cheap nor compelling without balance-sheet transparency. I would rather lose an opportunity than lose capital. I would wait until the company stabilizes sales, turns quarterly profit positive, and discloses full asset and liability data. Only then can I decide whether there is a real business here.

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