ANI Integrated (AISL)

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

Key Financials

Strengths

• Trailing P/E of 10.81 appears cheap on visible earnings
• ROCE of 15.80% indicates a decent return on capital employed
• Sales growth of 10.55% shows the business is still expanding
• Latest quarter reported ₹65 Cr of sales and ₹2 Cr of net profit, so operations are not loss-making
• Promoter holding of 74.98% aligns majority owners with minority shareholders

Concerns

• Profit growth declined 26.67%, while sales rose, indicating margin compression
• Piotroski F-score of 4/9 signals deteriorating operating health
• No dividend yield at all, so investors depend entirely on capital appreciation
• Key balance sheet inputs like book value, debt/equity, and ROE are unavailable, making a Graham-style valuation impossible

AI Analysis

At ₹54.85, ANI Integrated wears a value look — market cap of just ₹86 crore and a P/E of 10.81. But I have learned in Bombay and Omaha that cheap must be tested by quality, not just price. Sales are growing at 10.55%, which is good, but profit fell 26.67%. That is a warning. A company can sell more and earn less — that is not compounding; that is toil. The latest quarter shows ₹65 crore of sales and only ₹2 crore of net profit, a net margin around 3%. Such thin margins leave little room for error. ROCE of 15.80% is respectable, and promoter holding of 74.98% gives me some comfort. Yet I do not know the debt-equity ratio, book value, or return on equity from the information before me. In Benjamin Graham's rule, you cannot value a business without a balance sheet. The Piotroski score of 4 out of 9 is troubling — it suggests the business is fundamentally weakening. No dividend means the investor at ₹54.85 is entirely dependent on future performance and the market's mood. With the stock near its 52-week low of ₹49 and far off ₹105, the mood is clearly cautious. The PEG of 1.02 looks fair, but using falling profits to calculate growth distorts it. I am not tempted to catch a falling knife. A low P/E with declining profit is often a value trap, not a bargain. If earnings stabilise, margins recover, and debt is manageable, there may be a real opportunity here. But until the data is complete and the negative profit trend reverses, I will wait. Price is what you pay; value is what you get. And right now, I cannot confidently measure the value.

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