Shiva Mills (SHIVAMILLS)
Asset PlayScore breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1
Key Financials
| Current Price | ₹62.2 |
| Market Cap | ₹53.75 Cr |
| P/E Ratio | 0 |
| ROCE | -3.08% |
| ROE | -2.4% |
| Dividend Yield | 0% |
| Profit Growth | 552.79% |
| Debt/Equity | 0.07 |
| Sales Growth | 2.53% |
| Promoter Holding | 74.94% |
| 52-Week Range | ₹43.01 — ₹77.01 |
| Sector | Textiles & Apparels |
| Book Value | ₹107.03 |
Strengths
- Trades at 0.62 times book value of ₹103.77, offering asset backing
- Very low debt/equity of 0.07, so the balance sheet is conservative
- Promoter holding of 74.94% aligns management with shareholders
- Small market cap of ₹49 Cr leaves room for a potential operational turnaround
Concerns
- Negative ROE of -2.40% and ROCE of -3.08% indicate value erosion
- Latest quarter shows a net loss of ₹1 Cr on sales of ₹34 Cr
- Sales declined -4.78%, and no dividend is being paid
- Piotroski score of 5/9 suggests only mediocre financial health
AI Analysis
At ₹63.95, Shiva Mills trades at barely 0.62 times its book value of ₹103.77. That immediately catches my eye, but Ben Graham taught me that a cheap price is only a starting point. The business must also earn its keep. Here, the earning engine is sputtering: ROE is -2.40%, ROCE is -3.08%, and the latest quarter shows sales of ₹34 Cr with a net loss of ₹1 Cr. Sales are also shrinking at -4.78%. The reported profit growth of 51.70% is almost meaningless because the base is a loss-making situation, not real earnings power. The balance sheet is conservative, with debt/equity of just 0.07, so the company is not in financial danger. Promoter holding at 74.94% is high, which aligns ownership with outside shareholders, though it also means a thin free float. There is no dividend, so the investor must rely on an eventual recovery in operations or further asset backing. The Piotroski score of 5 out of 9 suggests mediocre financial health, not a screaming bargain on fundamentals. This is not a quality compounder; it is a possible asset play. If the losses persist, book value will erode and today's apparent discount will disappear. I would not rush to buy on the balance sheet alone. I want evidence of stabilising sales and a clear path to positive operating profits. Without that, this is simply an inexpensive business that is slowly burning capital.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer