Hanman Fit (538731)

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

Key Financials

Strengths

• Reported profit growth of 98.08% suggests losses are narrowing from a very low base.
• Piotroski F-score of 5/9 indicates five basic positive financial signals despite weak headline numbers.
• Current price of ₹5.14 is 67% above the 52-week low of ₹3.08, reflecting some buying interest.

Concerns

• Latest quarter shows sales of ₹0 Cr and net profit of ₹-0 Cr, meaning no real revenue generation.
• ROCE is -33.74%, indicating ongoing capital destruction.
• Book value, debt/equity, and promoter holding are all N/A, so solvency and governance cannot be assessed.
• Sales growth is 0.00%, dividend yield is 0.00%, and P/E is meaningless at 0.00.

AI Analysis

At first glance, ₹5.14 looks like a price, not an investment. Hanman Fit has a market cap of only ₹6 crore and the latest quarter shows sales of ₹0 crore and net profit of ₹-0 crore. That is no business franchise; it is a shell waiting for a story. The reported profit growth of 98.08% sounds dramatic, but when the base is a loss or a rounding error, percentage improvement is useless. ROCE is -33.74%, meaning the company is burning capital. There is no book value, no debt-equity ratio, no promoter holding figure, and no meaningful P/E. Graham would call this a lack of information, not a bargain. A Piotroski score of 5/9 is middling; it tells me some basic signals are positive, but not enough to support any margin of safety. The current price is above the 52-week low of ₹3.08, but in a micro-cap with zero revenue, price movement is liquidity, not value. Sales growth is 0.00%, and dividend yield is zero, so I am not being paid to wait. Amusement parks need footfall, maintenance, and reinvestment; I see no moat, brand, or pricing power in these numbers. This may be a speculative turnaround candidate, but a turnaround requires evidence of operating recovery. Right now, the evidence is just a narrowed loss and a score of 5/9. I cannot estimate intrinsic value without earnings, book value, or return on equity. In India, such small stocks often trade on hope and promotion; that is not my game. As Buffett says, it is far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Hanman Fit is not wonderful. I will pass.

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