Bhadora Indust. (BHADORA)

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

Key Financials

Strengths

• ROCE of 57.48% demonstrates exceptional capital efficiency.
• P/E of 11.80 is not demanding at face value for a ₹120 Cr market cap.
• Promoter holding of 62.75% aligns owner-manager interests.
• Piotroski F-Score of 7/9 and latest quarter net profit of ₹3 Cr on sales of ₹47 Cr show operational stability.

Concerns

• Sales growth of only 2.53% and profit growth of 0.29% show a business with no earnings momentum.
• Zero dividend yield means no income support while waiting for the thesis to play out.
• PEG ratio of 8.37 indicates the valuation is far too expensive for the current growth rate.
• Missing book value and debt-equity data prevents a proper Graham-style margin of safety assessment.

AI Analysis

Looking at Bhadora Indust., I see a small-cap cable maker with an interesting return profile but a distinct lack of growth. The business earns a ROCE of 57.48%, which is outstanding; any company that can generate that kind of return on capital employed deserves attention. At ₹62.75, the market cap is ₹120 Cr, and with a P/E of 11.80, the market is paying roughly twelve times earnings. That sounds reasonable, but earnings are barely moving—sales growth is only 2.53% and profit growth just 0.29%. For a Graham buyer, growth is the friend of value; without it, an 11.8 P/E is no bargain. In fact, the PEG of 8.37 screams that you are paying a lot for very little progress. I would also note the dividend yield is zero, so if there is no appreciation, you receive no compensation for waiting. Latest quarter sales of ₹47 Cr and net profit of ₹3 Cr show the business is alive, but the trend is flat. The seven out of nine Piotroski score offers some comfort on financial health, but I cannot calculate book value or debt-equity because the data is missing. That absence bothers me; I like to know the equity buffer beneath me. Promoter holding of 62.75% is positive; owners have skin in the game. The stock is 40% below its 52-week high, which may tempt value hunters, but I do not catch falling knives without signs of earnings acceleration. For now, this is a slow grower with a high return on capital but no momentum. I would watch the next few quarters for growth inflection before committing. Price matters, but only in relation to future earnings; absent that, it is just a number.

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