Shivansh Finserv (539593)

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

Key Financials

Strengths

• Trades at a 31% discount to book value (P/B 0.69 vs book value ₹7.07), offering a potential margin of safety if assets are sound.
• P/E of 11.14 is modest, and PEG of 0.18 suggests the market is not pricing in aggressive growth.
• Piotroski F-Score of 6/9 indicates reasonably healthy fundamentals across profitability, leverage, and efficiency measures.
• Profit growth of 62.5% is positive, though the base is negligible.

Concerns

• Latest quarter shows ₹0 Cr sales and ₹0 Cr profit, so there is no visible current earning engine.
• ROE of 6.63% and ROCE of 2.51% are weak returns on invested capital.
• No dividend means minority shareholders receive no income while waiting for value to emerge.
• Promoter holding is N/A and the market cap is just ₹3 Cr; current price below the 52-week low suggests poor liquidity and possible data or governance opacity.

AI Analysis

At ₹4.86, Shivansh Finserv is not the kind of business I would normally run to. The market cap is just ₹3 Cr, and the 52-week range of ₹5.76–₹13.43 tells me the price has been falling, even below the stated low. That alone demands caution. But a Benjamin Graham investor cannot ignore the balance sheet: book value is ₹7.07 per share, so I am being asked to pay only 69 paise for every rupee of book. The P/E of 11.14 is not demanding, and the Piotroski F-score of 6/9 suggests the company is not in obvious financial distress. Yet cheapness is not enough. The latest quarter shows ₹0 Cr of sales and ₹0 Cr of profit; sales growth is 0%, and the 62.5% profit growth is meaningless if it comes off a negligible base. ROE of 6.63% and ROCE of 2.51% show capital is barely earning anything. No dividend means I receive no reward while waiting for value to be unlocked. With promoter holding unknown, I do not even know whether management has much skin in the game. This is an asset play, not a franchise. There is no moat, no visible operating momentum, and no evidence of pricing power. I would only consider it if I were confident the stated book value is real, audited, and recoverable. At a 31% discount to book, there could be margin of safety, but in a ₹3 Cr microcap with zero sales, that margin can evaporate quickly if assets are impaired. I would keep this on a watch list, not in a serious portfolio.

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