Integrity Infra. (INTEGRITY)

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

Key Financials

Strengths

• ROCE of 29.77% shows excellent capital efficiency
• Strong growth: sales +42.68%, profit +65.52%
• PEG of 0.25 indicates potential undervaluation relative to growth
• High promoter holding of 72.09% aligns interests
• Piotroski F-Score of 7/9 suggests decent financial health

Concerns

• No dividend yield; returns depend entirely on price appreciation
• Latest quarter net margin only ~3.1% (₹2 Cr profit on ₹65 Cr sales), which is thin
• Book value and debt/equity data not available, limiting balance sheet assessment
• Civil construction is competitive and cyclical with no evident moat

AI Analysis

As a value investor, I look for a business that can compound capital while trading at a fair price. Integrity Infra catches my eye because it is growing fast and yet the market is pricing it at a P/E of just 13.64. Sales are up 42.68% and profits have jumped 65.52%, giving a PEG of 0.25. That suggests I am paying very little for that growth. The company also earns a strong ROCE of 29.77%, which tells me the business is putting capital to work efficiently. Promoter holding is high at 72.09%, so the people running the show have their own money at stake, something I always like to see. Piotroski F-Score of 7 out of 9 indicates a healthy financial position, though I must admit I am troubled by the missing book value and debt figures. A construction company without clear debt data is like a bridge without visible pillars. The latest quarter shows sales of ₹65 Cr but net profit of only ₹2 Cr, a thin margin that can be fragile if input costs rise or project execution slips. There is no dividend, so I am relying entirely on capital appreciation and the eventual realization of value. The 52-week range of ₹105 to ₹167 shows the stock can swing, but at ₹133 with a ₹51 Cr market cap, this is a micro-cap. I must remember that small construction companies can face sudden working capital stress, and the lack of an economic moat worries me. Still, with high promoter skin in the game, strong growth, and a reasonable price, this could be a small bet for a patient investor willing to watch the balance sheet closely.

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