Patel Integrated (PATINTLOG)
Asset PlayScore breakdown: P/E: 3/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 1/1
Key Financials
| Current Price | ₹13.91 |
| Market Cap | ₹81.77 Cr |
| P/E Ratio | 9.27 |
| ROCE | 5.91% |
| ROE | 7.02% |
| Dividend Yield | 2.16% |
| Profit Growth | 52.83% |
| Debt/Equity | 0.05 |
| Sales Growth | 45.63% |
| Promoter Holding | 35.91% |
| 52-Week Range | ₹8.01 — ₹16.9 |
| Sector | Transport Services |
| Book Value | ₹17.8 |
Strengths
- Trades at 0.70x book value (₹11.95 vs ₹16.98), providing downside cushion
- Low leverage with D/E of 0.11
- Attractive earnings yield of ~11.9% and dividend yield of 2.93%
- Profit grew 23.39% despite flat sales; PEG of 0.36
- Piotroski F-score of 6/9 suggests acceptable fundamental health
Concerns
- ROE of 7.02% and ROCE of 5.91% reflect weak returns on capital
- Sales growth of -1.50% points to a stagnant top line
- Promoter holding of 35.91% is moderate, not very high
- No clear moat in a competitive, low-margin logistics industry
AI Analysis
At ₹11.95, Patel Integrated sells for only 70 paise for every rupee of book value. Ben Graham would call this a margin of safety. Book value is ₹16.98, debt-equity is just 0.11, and the dividend yield is 2.93% — I am being paid to wait. But a cheap price must be weighed against business quality. This is not a wonderful business: ROE of 7.02% and ROCE of 5.91% are modest, the logistics sector lacks pricing power, and sales actually fell 1.5%. Without a moat, returns on capital will likely remain pedestrian. Still, the earnings story shows some life: profit grew 23.39%, leaving the P/E at 8.42 and PEG at 0.36. That growth may come from cost control rather than strong demand, so I will not extrapolate it too far. The balance sheet is sound; low debt and a Piotroski score of 6/9 suggest no accounting stress. A market cap of ₹71 Cr against quarterly sales of ₹88 Cr shows this is a small operation in a crowded industry. Promoter holding of 35.91% is not particularly high, so I remain cautious about minority shareholder treatment. I would keep any position small. The real attraction is the asset: paying ₹11.95 against ₹16.98 book, with a 2.93% dividend while waiting. If the profit improvement is durable, the low P/E gives upside; if not, book value cushions me. In Buffett's terms, this is a cigar-butt — cheap, but one puff maybe. I would buy only with eyes open: as an asset play, not a growth story.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer