Kridhan Infra (KRIDHANINF)

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

Key Financials

AI Analysis

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

Even at ₹2.51 and a market cap of just ₹32 Cr, this is not a cheap share; it is a damaged business. Graham taught us to start with the balance sheet, and here the book value is negative ₹32.64 Cr. That means liabilities exceed assets; the equity cushion is gone. With latest quarterly sales of ₹0 Cr and net profit near ₹0 Cr, there is no operating engine earning any return. The P/E of 38.02 is meaningless when profitability is collapsing—profit growth is -82.14% and ROE is -2.26%. ROCE is zero, so capital is not being deployed productively. A Piotroski F-score of 2/9 confirms very poor financial health. The only positive is a 47.15% promoter holding, suggesting existing owners have some skin in the game. But that is not enough. Zero sales growth means the civil construction business is not generating revenue; I would need to see new contracts, cost discipline, and an equity infusion just to make the balance sheet solvent. This is not a moat business—it is a potential turnaround with substantial execution and solvency risk. Price near the lower end of its 52-week range cannot compensate for negative book value. In Buffett's language, this is not a wonderful business bought at a fair price; it is a troubled business that must be fixed first. For a retail investor, waiting for evidence of genuine recovery—debt resolution, positive operating cash flow, and a real order book—is far safer than hoping for a small-cap revival. I would not invest unless the company first shows it can survive without dilution and earn more than its cost of capital.

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