Samay Project (SAMAY)

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

Key Financials

Strengths

• ROCE of 29.78% indicates strong capital efficiency for a construction firm.
• Profit growth of 13.81% exceeds sales growth of 10.20%, showing margin discipline.
• Latest quarter net margin of 15% on ₹20 Cr sales is robust for civil construction.
• Promoter holding of 69.19% aligns owner interests with minority shareholders.
• Piotroski F-Score of 7/9 suggests generally sound financial health.

Concerns

• Construction is cyclical, competitive, and low-moat; strong margins may be project-specific or cyclical peak.
• Book value, ROE, and debt/equity are unavailable, so balance-sheet safety cannot be properly assessed.
• Zero dividend yield means no income cushion; all returns must come from execution and price appreciation.
• Market cap of ₹71 Cr is very small, implying liquidity and volatility risks.

AI Analysis

Let me start with a simple observation: civil construction is not a business that naturally earns a wide moat. So when I see ROCE of 29.78%, I want to know whether it is real and sustainable. The latest quarter sales of ₹20 Cr generated net profit of ₹3 Cr, a 15% net margin; for a construction company that is strong, but also suspiciously good. Full-year profit growth of 13.81% on 10.20% sales growth suggests margin discipline, not just a larger topline. At ₹39.05, the P/E is 15.62 and the stated PEG is 1.30. That is not an obviously cheap price, but it is reasonable if the company can compound earnings at current rates. What troubles me is what I do not know: book value, ROE, and debt/equity are missing, so I cannot run a Graham check on balance-sheet safety. Promoter holding of 69.19% is a positive; owners have skin in the game. Piotroski F-Score of 7/9 also suggests decent financial health, but 7 is not 9. The zero dividend yield means the minority shareholder's only return is future price appreciation, which depends on execution and the construction cycle. With a market cap of only ₹71 Cr, Samay is a small player in a competitive, cyclical field; any setback in a project or a rise in debt could hurt earnings quickly. The 52-week range shows volatility from ₹28.50 to ₹52.50. Buying at ₹39.05 offers some comfort versus the high, but not a wide margin of safety. I would need more data, a better price, or evidence of a durable order book before treating this as a Buffett-style investment. For now, it is a well-performing small-cap, not a deep-value bargain.

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