Supertech EV (544428)

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

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At ₹53.10, Supertech EV is a small, ₹66 crore market cap play in India's 2/3 wheeler space. A P/E of 9.97 against 20.44% sales growth and 13.91% profit growth gives a PEG of 0.58, which looks like a margin of safety if the growth is durable. ROCE of 41.32% is genuinely impressive—it tells me the business is earning good returns on capital, not just growing by burning capital. The latest quarter's ₹43 Cr sales and ₹3 Cr net profit show the engine is running. The Piotroski F-Score of 7/9 adds a bit of comfort on financial health. But Graham would ask: where is the evidence of a moat? I don't have book value, debt-equity, or promoter holding data. I can't see the balance sheet. In a competitive 2/3 wheeler market, especially as electrification changes the game, high ROCE can shrink quickly if pricing power is weak. Zero dividend doesn't bother me if profits are reinvested at 41% ROCE, but it is a concern if capital is wasted. Profit growth at 13.91% is slower than sales growth at 20.44%, suggesting the incremental rupee of sale isn't flowing to the bottom line at the same rate. That is the kind of detail I need to watch. The shares are small, so liquidity matters for entry and exit. I like the valuation and returns, but I would demand several more quarters of data, more disclosure on debt and ownership, and proof that this growth can survive competition. If it does, this could compound. If not, a 9.97 P/E will become worthless. Margin of safety must come from the business, not just the multiple.

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