Steelman Telecom (543622)

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

Key Financials

Strengths

• Latest quarter sales of ₹117 Cr against a ₹179 Cr market cap gives a modest price-to-sales level if the loss is temporary.
• Sales growth of 15.09% shows top-line momentum in the business.
• Piotroski F-Score of 6/9 suggests some recent fundamental improvements, not uniform deterioration.
• Zero dividend means no cash is being diverted away from potential restructuring or turnaround needs.

Concerns

• Latest quarter net profit is ₹-9 Cr, making the P/E of 0.00 meaningless and confirming current losses.
• ROCE of -8.61% indicates the business is destroying capital rather than creating value.
• Profit growth of 18.08% conflicts with a reported quarterly loss, raising questions about the quality of reported earnings.
• Book value, debt-to-equity, ROE, and promoter holding are all N/A, making it impossible to assess financial risk and governance.

AI Analysis

At ₹180, Steelman Telecom has a market cap of ₹179 Cr. Graham would remind me that a stock is a piece of business, not a ticker. Here, the latest quarter shows sales of ₹117 Cr but a net loss of ₹9 Cr. That means the company is not earning its keep. The P/E of 0.00 is not a bargain signal; it is an accounting placeholder for no or negative earnings. ROCE is -8.61%, so every rupee of capital employed is being eroded. Sales growth of 15.09% is nice, but top-line growth without bottom-line profits is like a leaky bucket being filled faster—it still cannot hold value. The reported profit growth of 18.08% contradicts the quarterly loss, so I want audited clarity before I believe it. There is zero dividend, book value is N/A, debt-to-equity is N/A, and promoter holding is N/A. I cannot evaluate stewardship or balance sheet risk with missing data. The F-Score of 6/9 offers a small signal of fundamental improvement, but this is far from a classic Graham net-net or a quality compounder. The share has moved from ₹49 to ₹180 in its 52-week range, meaning Mr. Market has already celebrated something I cannot yet see in earnings. At this price, the market is pricing a turnaround as if it has happened. My discipline demands margin of safety. Without positive net profit, positive ROCE, and a clearer balance sheet, Steelman remains a speculation for traders, not an investment for value seekers. I will keep it on the watch list, not in the portfolio.

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