Amin Tannery (541771)

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

Key Financials

Strengths

• Book value per share of ₹1.20 provides some tangible asset backing, although the P/B of 1.90 means it is not cheap.
• Latest quarter sales of ₹7 crore show the operating engine still generates revenue, even if current profit is ₹0 crore.
• The stock at ₹2.28 is closer to its 52-week high of ₹2.40 than its low of ₹1.16, indicating some market participants see recovery value.
• A small market cap of ₹25 crore means even modest absolute profit improvements could have a meaningful per-share impact.

Concerns

• Sales fell 38.39% and profits fell 33.33%, with the latest quarter reporting zero net profit.
• P/E of 59.21 with zero dividend is expensive relative to negligible current earnings.
• ROE of 2.27% and ROCE of 4.26% are far below acceptable return thresholds.
• Piotroski F-Score of 3/9 suggests weak financial health; debt/equity and promoter holding data are also unavailable.

AI Analysis

At ₹2.28, Amin Tannery is exactly the kind of small-cap situation I usually leave alone. The market capitalisation is ₹25 crore, but the company earned almost nothing—the latest quarter shows ₹0 crore net profit, and the trailing P/E of 59.21 is a multiple on a vanished earnings base. Sales have fallen 38.39% and profits 33.33%. That is not a business in durable health; it is a business in retreat. Return on equity of 2.27% and ROCE of 4.26% would not even compensate for inflation and risk, let alone give me a margin of safety. The Piotroski F-Score of 3/9 reinforces the picture of deteriorating fundamentals. There is no dividend to make waiting easier. At ₹2.28, I am paying 1.90 times book value of ₹1.20, so I am being asked to pay a premium to tangible assets for future hope. Leather tanning is a competitive, low-moat industry; nothing in these numbers suggests pricing power or a durable brand. Graham would say investment needs safety of principal and an adequate return; I see neither here. This is speculation on a possible turnaround, not value investing. To change my mind, I would need to see sustained sales recovery, positive profits, a better Piotroski score, and a price closer to or below book value. Until then, I will watch from the sidelines.

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