Parle Industries (532911)

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

Key Financials

Strengths

• Piotroski F-Score of 6/9 suggests no immediate financial distress on recent balance-sheet and profitability measures.
• Latest quarter net profit of ₹-0 Cr is effectively breakeven, not a large loss.
• ROCE of 0.95% is positive, indicating the capital base is not deeply loss-making at the operating level.
• Book value per share of ₹4.93 provides some tangible asset backing.

Concerns

• Latest quarter sales of ₹0 Cr show no visible revenue engine.
• ROE of -0.21% means shareholder equity is being eroded.
• At P/B of 2.26, the market price of ₹11.12 is expensive relative to book value of ₹4.93, with no earnings to justify the premium.
• P/E of 0.00 and 0% dividend yield provide no earnings or income support; promoter holding and debt/equity data are missing.

AI Analysis

At ₹11.12, Parle Industries asks me to pay ₹57 crore for a business that reported ₹0 crore of sales and ₹0 crore of profit last quarter. Graham taught me to begin with earnings, not story. Here, the P/E is meaningless because there are no earnings; the reported profit growth of 4.55% is from a base so small it is effectively zero. ROE is -0.21%, so every rupee of book value is being slightly destroyed, and ROCE of 0.95% barely covers anything. The price-to-book of 2.26 means I am paying more than twice the ₹4.93 book value for a company with no demonstrated earning power. There is no dividend to compensate me while I wait; promoter holding and FairStock data are unavailable, so I cannot judge skin in the game or get a reliable scorecard. A good business has pricing power, a moat, and repeat customers; a diversified commercial services company with zero sales has none of those. The Piotroski F-Score of 6/9 is the only positive, but that measures recent balance-sheet mechanics, not moat or long-run compounding. Sales growth of 0.00% tells me there is no organic growth engine. This is a speculative instrument, not an investment. The 52-week range of ₹4.12 to ₹11.39 shows the price has already moved sharply, yet none of it is backed by revenue. In Graham's terms, Mr. Market is offering a price without a margin of safety. I would need to see several quarters of real sales, positive net profit, and a clearer balance sheet before calling this a turnaround. Until then, I will sit on the sidelines.

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