Archies (ARCHIES)
Asset PlayScore breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹13.76 |
| Market Cap | ₹46.48 Cr |
| P/E Ratio | 0 |
| ROCE | 4.06% |
| ROE | -3.36% |
| Dividend Yield | 0% |
| Profit Growth | -333.33% |
| Debt/Equity | 0.35 |
| Sales Growth | -45.6% |
| Promoter Holding | 61.47% |
| 52-Week Range | ₹10.86 — ₹24.38 |
| Sector | Consumer Durables |
| Book Value | ₹36.93 |
Strengths
- Trades at 0.39x book value: ₹14.94 share price vs ₹38.08 book value
- High promoter holding of 61.47% aligns owner interests
- Debt/equity of 0.33 indicates a relatively modest leverage level
- ROCE is positive at 4.06%, showing some asset-level return despite weak ROE
Concerns
- Negative ROE of -0.86% and profit growth of -333.33% reflect earnings deterioration
- Sales declining sharply at -23.18%
- Piotroski F-Score of 3/9 signals weak financial health
- Latest quarter is near breakeven, with no dividend and an unusable P/E
AI Analysis
Archies looks like a classic Graham asset situation: the market prices it at ₹14.94 per share while book value stands at ₹38.08, so the stock trades at 0.39 times stated net worth. With a market cap of just ₹53 crore, this is a small-cap leisure products company selling at a large discount to its books. But as Graham would remind me, a cheap price is never enough. The business itself must be able to create value. Right now, Archies is not doing that. Sales have fallen 23.18%, profit growth is -333.33%, and return on equity is -0.86%. The latest quarter shows ₹14 crore of sales and near-zero net profit. The Piotroski F-score of 3 out of 9 is a clear warning sign: weak profitability, deteriorating operations, and questionable financial health. There are some encouraging facts. Promoter holding is high at 61.47%, so owners' money is at stake, and debt/equity is just 0.33, giving the company room to survive. ROCE is 4.06%, which is positive but still an inadequate return on capital. I cannot call this a turnaround yet; there is no evidence of sales stabilizing or margins recovering. I also cannot call it a growth business. At best, this is an asset play, where the value lies in the balance sheet rather than in current earnings. The P/E of zero is meaningless when profits are absent. I would need to see operating improvements, positive earnings, and proof that book value has not eroded further before acting. Wisdom says wait for the fat pitch; this appears cheap, but it is not yet compelling.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer