BHAV Acquisition Corp Class A Ordinary Shares (BHAV)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-style investor, I start with what is knowable: BHAV is a shell company incorporated in 2025, not an operating business. The filed figures show no revenue in fiscal Q1 2026, the quarter ended 2026-03-31, and no revenue in fiscal Q2 2026, the quarter ended 2026-06-30. Net income was $12,001 in fiscal Q1 2026 and $701,173 in fiscal Q2 2026, but for a blank-check company those figures tell us little about earning power. At the 2026-10-16 close of $10.08, the market cap was $143.4M and the FairStock-calculated P/B was 1.39, so the shares trade above accounting book value. The 52-week range of $9.85 to $10.10 is very narrow, consistent with a trust-like price anchor rather than an operating valuation. Debt is nil with D/E of 0.00, which is a genuine balance-sheet comfort. But the FairStock Piotroski F-Score is only 3/9, and the Altman Z-Score of 357.01 is so far from normal operating-company levels that it should not be read as a conventional safety signal. There is no moat to assess because there is no operating business yet; growth depends entirely on finding a merger partner and completing a deal on acceptable terms. With no P/E or ROE, and no annual filing history, this is not a classic Graham bargain. It is a blind-pool investment whose value will be set by future deal terms, not by the present income statement.

In plain English: BHAV Acquisition Corp is a recently formed blank-check company with no revenue; its business is to find and merge with another company. The filed figures show small positive net income in fiscal Q1 2026 and fiscal Q2 2026, but there are no operating sales or long track record to judge. At $10.08, the price is near the top of its 52-week range and above its accounting book value, so the business looks unproven and the price looks fair-to-expensive on the limited numbers available.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer