My Money Sec. (538862)

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

Key Financials

Strengths

• Trading at a 15% discount to stated book value: P/B 0.85 versus Book Value ₹18.26.
• Piotroski F-Score of 7/9 suggests no severe balance-sheet deterioration.
• Latest quarter net profit of ₹2 Cr is positive, giving a small earnings kicker if it is sustainable.
• ROCE of 44.04% points to some operational-level capital efficiency, despite weak ROE.

Concerns

• Negative ROE of -2.93% indicates the company is not earning an acceptable return on shareholders' equity.
• Zero sales and profit growth, with P/E of 0.00, leaves no reliable earnings stream to value.
• Latest quarter shows Sales ₹0 Cr but Net Profit ₹2 Cr, raising serious questions about earnings quality and sustainability.
• Price of ₹15.45 is far below the 52-week low of ₹32.00, signaling severe deterioration or possible illiquidity; no dividend and no promoter holding disclosure add to the risk.

AI Analysis

Let me look at My Money Sec. through Graham's lens. At ₹15.45, I am being asked to pay ₹27 Cr for a stockbroking firm whose book value is ₹18.26 per share, so roughly 85 paise for every rupee of net assets. That looks like a margin of safety, but only if the assets are real and capable of generating earnings. The latest quarter shows net profit of ₹2 Cr on reported sales of ₹0 Cr; that immediately makes me uncomfortable because I cannot tell whether this profit comes from core broking or from some one-off or non-operating item. The multi-year picture is no better: return on equity is negative at -2.93%, meaning the company is destroying shareholder value, not compounding it. Reported sales and profit growth are both absolutely zero. A 44.04% ROCE sounds impressive, but with negative ROE and no sales, I treat it as an accounting artefact, not a moat. Stockbroking is a competitive, low-barrier business where clients chase execution and price; there is no durable brand advantage visible here, and promoter holding is not disclosed. The Piotroski F-Score of 7 suggests the balance sheet may not be deteriorating, but a good F-Score cannot turn a bad business into a good investment. The stock has fallen from a 52-week range between ₹32 and ₹54.90 to ₹15.45; that kind of collapse often tells you something the P/B does not. There is no dividend, no growth, and no reliable earnings stream. This is, at best, an asset play: you are buying a rupee of book value for 85 paise, hoping management can eventually earn a decent return or unlock value. Until I see consistent positive ROE and clean core revenue, I would keep it under observation, not in my portfolio.

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