Agni Green (AGNI)

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

Key Financials

Strengths

• Promoter holding is high at 70.57%, indicating strong insider alignment.
• Piotroski F-Score of 7/9 suggests decent financial health based on available metrics.
• Sales growth is positive at 5.26%, and reported profit growth of 53.33% reflects improving earnings, though from a low base.
• The stock trades well below its 52-week high of ₹43.35, suggesting investor expectations have already been reset.

Concerns

• P/E of 50.09 is very expensive given only 5.26% sales growth.
• Latest quarter shows net profit of ₹0 Cr, highlighting earnings volatility.
• ROCE of just 6.94% indicates weak returns on capital employed.
• No dividend and unavailable book value/debt-equity data limit transparency and minority investor protection.

AI Analysis

Let me start with what I understand. Agni Green is a civil construction business, an industry where I struggle to find an enduring moat. The numbers here tell me this is a micro-cap operation with a market cap of just ₹35 Cr and latest quarter sales of ₹17 Cr. At ₹21.40, I am being asked to pay a P/E of 50.09. That is rich for any business, but especially for one whose sales grew only 5.26% and whose latest quarter net profit is essentially ₹0 Cr. The reported 53.33% profit growth sounds nice, but percentages from a tiny base can mislead; a zero-profit quarter reminds me how fragile that earnings stream is. ROCE is just 6.94%, barely above what a bank fixed deposit may offer, and with debt/equity and book value not available, I cannot fully assess the balance sheet risk. Promoter holding is high at 70.57%, which can mean better alignment, but it also leaves minority shareholders little influence. The Piotroski score of 7/9 is the one genuinely encouraging signal, but it does not compensate for a lack of competitive strength. Ben Graham taught me to demand a margin of safety. Here I see none: no meaningful sales growth, no dividend, no clear moat, and a valuation that leaves no room for error. Construction is cyclical and prone to payment delays and margin pressure. I would rather wait until Agni Green proves it can generate consistent profits and better returns on capital. For now, this is a pass.

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