Times Green Ener (543310)

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

Key Financials

Strengths

• Quarterly revenue of ₹9 Cr gives a real operating base, so the company is not an empty shell.
• Reported profit growth of 0.00% suggests profits have not deteriorated further, though absolute profitability is negligible.
• ROCE is positive at 2.56%, showing some capital productivity, but it is far too low for a risky small cap.

Concerns

• Sales growth is -10.04% and latest quarter net profit is ₹0 Cr, indicating no real earnings power.
• P/E of 65.21 is unjustified with flat or declining operations, and there is no dividend yield.
• Piotroski F-Score of 3/9 and ROCE of 2.56% point to weak financial health and poor returns on capital.
• Missing promoter holding, book value, and debt/equity data leaves governance and downside risk unverifiable.

AI Analysis

Let me start with the first principle: I am buying a business, not a ticker. Times Green Ener has a market cap of just ₹13 Cr and latest quarterly sales of ₹9 Cr, so it is not an empty shell. But that is where the good news ends. Sales are shrinking at -10.04%, and the latest quarter's net profit is ₹0 Cr. A business that earns zero profit cannot be valued on a price-earnings basis, yet the market is paying a P/E of 65.21. That valuation would require future growth, but the past year shows decline, not growth. With ROCE at only 2.56%, the company earns very little on its capital; a serious investor needs double-digit returns to compensate for risk. The Piotroski F-Score of 3/9 is a red flag—it says the financial health is weak. There is no dividend, no book value data, and no promoter holding data to give me confidence about inside ownership or downside support. The stock sits at ₹74.97, the top of its 52-week range, so I am not being offered a margin of safety. Graham would say: price is what you pay, value is what you get. Here, I do not see value. I see a small, unprofitable operation with negative momentum and a price that has run ahead of fundamentals. I will not mistake a rising share price for a rising business. To change my mind, I need evidence of a genuine turnaround: positive and growing net profits, sales growth returning, and ROCE moving toward respectable levels. Until then, this is speculation, not investment.

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