Iware Supplych. (IWARE)

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

Key Financials

Strengths

• Explosive growth: sales up 214.82% and profit up 427.05%, with latest quarter sales of ₹93 Cr and net profit of ₹6 Cr
• Strong ROCE of 34.72% implies efficient use of capital
• High promoter holding of 74.09% aligns owner interests with minority shareholders
• Piotroski F-Score of 7/9 indicates generally healthy fundamentals
• PEG of 0.07 suggests the market may be underpricing growth if it can be sustained

Concerns

• Growth is from a small base and may not be sustainable; one large logistics contract can distort the percentages
• Critical data missing: no book value, ROE, or debt-to-equity ratio, so balance sheet risk cannot be assessed
• No dividend means investors rely entirely on continued growth and capital appreciation
• Price is roughly 47% below its 52-week high, showing high volatility and possible market skepticism

AI Analysis

I have to begin with a confession: Iware Supplych is too small and too thinly followed for me to call it a great investment just yet. At ₹284.30 the market capitalises the company at only ₹287 crore. That is a tiny enterprise. The numbers are eye-catching: sales grew 214.82%, profit grew 427.05%, and the latest quarter shows sales of ₹93 crore with net profit of ₹6 crore. If that quarterly run-rate held for a year, you would be looking at roughly ₹372 crore revenue and around ₹24 crore profit, making the current price far cheaper than the reported P/E of 21.68 suggests. Yet Graham taught me not to confuse a wonderful growth rate with a wonderful business. A 427% profit rise from a small base can be misleading; one large contract can distort the picture. The quality signals are mixed. ROCE of 34.72% is excellent, and a Piotroski F-score of 7 out of 9 suggests decent financial health. Promoter holding at 74.09% is reassuring—owners have skin in the game. But I have no book value, no ROE, and no debt-to-equity figure. In this business, I cannot assess the risks without the balance sheet. The stock is also 47% below its 52-week high, which tells me Mr Market has already soured on the story once. Is it a moat? I don't see one from these numbers alone. Logistics is a competitive, low-margin field. The net margin here is about 6.4%—modest. The low PEG of 0.07 is tantalising, but a PEG is only as good as the durability of growth. I would not pay today's price without more data. This is a fast grower, but a fast grower can also be a fast burner. I will watch the next few quarters patiently.

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