Abhishek Infra. (539544)

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

Key Financials

Strengths

• Trades at a price-to-book ratio of 0.90, below stated book value of ₹8.58 per share.
• Latest quarter shows zero net loss rather than an accelerating loss, suggesting possible stabilization.
• Small market cap of ₹4 crore means even modest asset monetization could move the per-share value.
• No reliance on earnings for valuation; the case is purely asset-based if the book value is genuine.

Concerns

• Zero sales in the latest quarter and negative ROE of -5.83% and ROCE of -4.05% indicate capital erosion.
• Piotroski F-Score of 2/9 points to very weak financial health and likely distress signals.
• Promoter holding and debt/equity are not disclosed, creating a serious transparency red flag.
• No dividend, no earnings, and negative profit growth provide no cash-flow support for the valuation.

AI Analysis

This is not the kind of business I can call a wonderful company at any price. Abhishek Infra is a residential and commercial project developer with zero sales in the latest quarter, negative net profit, and a Piotroski score of only 2 out of 9. A full-year profit decline of 33.33% and ROE of -5.83% tell me that the enterprise is consuming book value, not creating it. The return on capital employed is -4.05%, so every rupee of capital is earning less than nothing. There is no visible moat in a commodity business like real estate development, especially at this microcap scale with a market cap of just ₹4 crore. P/B of 0.90 and book value of ₹8.58 give a superficial margin of safety: the shares trade below stated net worth. But Graham taught us that price below book is a beginning, not a conclusion. I must ask whether the assets are genuinely worth book value, whether they produce cash, and whether management is honest and shareholder-friendly. Here, promoter holding is not disclosed, debt/equity is not available, and revenue is nil, so I cannot answer any of those questions. A discount to a declining or unverifiable book value can easily become a value trap. Without earnings, dividends, or receivables visibility, the only possible thesis is a liquidation or asset-backing play, but the negative returns and weak F-score offer no evidence that value is being unlocked. In Graham's language, price is what you pay; value is what you get. At ₹7.72, I may be paying little, but I have no evidence I am getting anything. I would keep this on the too-hard pile and wait for either meaningful operating numbers or more transparent disclosures.

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