Swati Projects (543914)

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

Key Financials

Strengths

• P/E of 7.75 with reported profit growth of 113% gives an optically low PEG of 0.03.
• Piotroski F-Score of 7/9 suggests recent financial health is improving.
• Sales growth of 362.75% indicates strong momentum, albeit from a small base.
• Price at ₹182.35 near the 52-week high shows current market conviction.

Concerns

• Latest quarter is tiny: ₹2 Cr sales and ₹1 Cr net profit; annualized earnings do not obviously support a ₹188 Cr market cap.
• ROCE of just 2.39% is weak for an NBFC and suggests poor capital efficiency.
• No book value, promoter holding, or dividend details are available, so margin of safety and insider alignment cannot be assessed.
• Stock has moved from ₹24.60 to ₹182.35, meaning much of the growth may already be priced in.

AI Analysis

This is the kind of stock that makes me reach for my glasses. Swati Projects shows a P/E of 7.75 and reported profit growth of 113%, but the latest quarter generated just ₹2 Cr in sales and ₹1 Cr in net profit. When I see 362% sales growth, I ask: from what base? A lender earning ₹1 Cr a quarter is still a very small fish. The market cap is ₹188 Cr, so the stock is pricing in a sharp step-up in annual earnings. The Piotroski F-Score of 7/9 is encouraging, but I cannot place much weight on it without complete data. ROCE of only 2.39% tells me the business is not yet earning a satisfactory return on capital; for an NBFC, capital efficiency is lifeblood. There is no dividend, no book value, and no promoter holding disclosed, so I cannot calculate a margin of safety or check insider alignment. The PEG of 0.03 screams cheap only if the current growth rate is durable. In my experience, a 52-week range of ₹24.60 to ₹182.35 with the price at the top is more likely to reflect an excited micro-cap story than a Graham-style bargain. Graham would ask for tangible assets, a decade of earnings, and management with skin in the game. This little NBFC could be a fast grower, but the figures available do not yet prove it. I need more quarters, real loan-book details, and evidence that returns on capital are climbing. If the growth is real, the low P/E becomes a footnote; if not, the tiny quarterly profits leave no cushion. I would keep this on the watchlist, not in the portfolio.

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