Shiva Mills (SHIVAMILLS)

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

Key Financials

AI Analysis

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

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.

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