Atlantaa (ATLANTAA)
CyclicalScore breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹40.02 |
| Market Cap | ₹326.16 Cr |
| P/E Ratio | 0 |
| ROCE | 4.62% |
| ROE | 7.29% |
| Dividend Yield | 0% |
| Profit Growth | -103.69% |
| Debt/Equity | 1.48 |
| Sales Growth | 52.9% |
| Promoter Holding | 74.67% |
| 52-Week Range | ₹31.52 — ₹73.39 |
| Sector | Construction |
| Book Value | ₹26.06 |
Strengths
- Price-to-book of 1.15 is modest, close to book value of ₹35.27.
- Revenue growth of 18.91% shows ongoing business activity.
- Promoter holding of 74.67% aligns insiders with minority shareholders.
- Price trades well below the 52-week high, offering potential value if fundamentals improve.
Concerns
- P/E of 0.00 and profit growth of -103.69% reflect an earnings collapse; latest quarter shows a net loss of ₹1 crore.
- Debt-to-equity of 1.52 is high, while ROE of 7.29% and ROCE of 4.62% are too low to justify the leverage.
- Piotroski F-Score of 4/9 indicates weak financial health.
- Zero dividend yield means no income support while waiting for a turnaround.
AI Analysis
At ₹40.41, Atlantaa is priced close to its book value of ₹35.27, with a market cap of ₹330 crore. But Graham taught me to focus on earnings power, not just assets. Here, earnings are absent: the P/E is 0.00, profit growth is -103.69%, and the latest quarter shows ₹17 crore in sales and a ₹1 crore loss. In civil construction, revenue growth of 18.91% is meaningless if it cannot be converted into profit. This looks like a cyclical business squeezing out top-line growth while margins disappear. Financial health worries me more. Debt-to-equity stands at 1.52, yet ROE is only 7.29% and ROCE just 4.62%. That is a poor return on borrowed money. The Piotroski F-Score of 4/9 reinforces the picture of deterioration. With zero dividend yield, shareholders receive nothing while they wait for a recovery. The one bright spot is promoter holding of 74.67%—the owners are fully invested. Also, a P/B of 1.15 means I am not paying a large premium for the balance sheet. But the balance sheet itself is leveraged, and book value in construction can erode quickly. At ₹40.41, the stock is well below its 52-week high of ₹73.39, but cheapness alone has never been a sufficient reason to buy. I need evidence of durable profits, lower debt, and better capital allocation. Until then, Atlantaa is not a wonderful business at a fair price; it is a speculative asset-backed cyclical. I will keep it on the watchlist, not in my portfolio.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer