Ansal Properties (ANSALAPI)

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

Key Financials

Strengths

• Promoter holding at 48.77% provides some alignment with shareholders.
• Latest quarter posted a net profit of ₹13 Cr, showing an ability to report positive earnings.
• Piotroski F-score of 5/9 suggests some financial signals are improving, though not conclusively.
• Small market cap of ₹63 Cr means a successful asset resolution could produce outsized gains for speculators.

Concerns

• Negative book value of ₹-51.06 per share means liabilities exceed assets and shareholders have no equity cushion.
• Sales growth collapsed by -84.66%, with latest quarter sales of only ₹13 Cr.
• ROCE is 0.00%, P/E is 0.00, and debt/equity is not calculable due to negative book value.
• Profit growth of 270.03% is from a low or one-off base; latest net profit equals sales, suggesting possible non-operating income.

AI Analysis

Let's start with the obvious: Ansal Properties is not a business Buffett would buy. A share price of ₹3.75 and market cap of ₹63 Cr look cheap, but book value is negative at ₹-51.06 per share. That means liabilities exceed assets; the equity cushion is gone. You cannot value this company on P/E or P/B because the earnings base has collapsed and the balance sheet cannot support a standard multiple. The reported ROE of 410.67% is a mathematical illusion from negative equity, and ROCE of 0.00% confirms no real return on capital employed. Sales growth of -84.66% is alarming; the latest quarter's ₹13 Cr sales equals ₹13 Cr net profit, so the profit is either non-operating or unsustainable. The 270.03% 'profit growth' is from an abysmal base. A Piotroski F-score of 5/9 is mediocre. On the positive side, promoter holding is 48.77%, giving some alignment, and the latest quarter did generate positive profit. But with no dividend, no calculable debt-to-equity, and a 52-week range of ₹2.53-₹5.55, this is a speculative recovery story, not an investment. In Graham's terms, the margin of safety is absent. The market may be pricing in hidden land value, but I cannot trust the figures enough to underwrite that. The sales decline shows the business is shrinking, and negative book value means shareholders are last in line. I would put this in the 'too hard' pile unless debt is restructured, sales stabilise, and the balance sheet is repaired. It is a turnaround candidate, but only for risk capital, not for a Graham-style defensive portfolio.

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