Atlantaa (ATLANTAA)

Cyclical

Score 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 Ratio0
ROCE4.62%
ROE7.29%
Dividend Yield0%
Profit Growth-103.69%
Debt/Equity1.48
Sales Growth52.9%
Promoter Holding74.67%
52-Week Range₹31.52 — ₹73.39
SectorConstruction
Book Value₹26.06

Strengths

Concerns

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