Oswal Green Tech (OSWALGREEN)

FairStock Score: 26/100 — RISKY

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

Key Financials

Strengths

• Trades at a steep 70% discount to book value: P/B of 0.30 against book value of ₹96.15
• Zero debt on the balance sheet, reducing financial risk
• Promoter holding of 70.01% aligns ownership with management
• Piotroski F-Score of 6/9 indicates reasonably sound financial health
• Latest quarter turned a net profit of ₹9 Cr on sales of ₹13 Cr

Concerns

• Extremely low ROE of 0.81% and ROCE of 0.43% suggest assets earn very little
• Sales declined by 14.88%, indicating shrinking business activity
• P/E of 34.73 offers no earnings comfort despite the low P/B
• No dividend, so minority shareholders get no cash return while waiting for value to unlock

AI Analysis

At ₹28.89, with a book value of ₹96.15, I am effectively buying a rupee of stated net assets for just 30 paise. That is the kind of statistical bargain that Graham would have flagged. But let me be careful: a low price-to-book is only interesting if the assets can earn a decent return or be unlocked. Here, ROE is a mere 0.81% and ROCE is 0.43%. The assets on the books are producing almost nothing. The latest quarter shows sales of ₹13 Cr and a net profit of ₹9 Cr, so there is some life, but the reported sales growth is minus 14.88%, and the 1000% profit growth is flattered by a low base. At a P/E of 34.73, the market is paying a rich multiple for current earnings, which is not my game. The company has zero debt, which is good, and the Piotroski F-score of 6/9 suggests the balance sheet is not deteriorating. Promoters hold 70.01%, so they have skin in the game. But as a minority shareholder, I receive no dividend yield, and the only way I win is if management sells assets, buys back stock, or improves returns on the underlying portfolio. I cannot rely on hope. The stated book value is meaningful only if it is real and accessible. With a FairStock Score of 21/100, this is clearly risky. I would tag it as an asset play, not a quality compounder. I would want a wide margin of safety beyond the discount to book, and real evidence of value unlocking before committing my capital.

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