TransIndia Real (TREL)
Asset PlayFairStock Score: 25/100 — RISKY
Score breakdown: P/E: 2/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 1/1
Key Financials
| Current Price | ₹25.93 |
| Market Cap | ₹637.09 Cr |
| P/E Ratio | 16.21 |
| ROCE | 2.46% |
| ROE | 2.21% |
| Dividend Yield | 2.05% |
| Profit Growth | 47.17% |
| Debt/Equity | — |
| Sales Growth | 8.48% |
| Promoter Holding | 70.44% |
| 52-Week Range | ₹21.47 — ₹33.51 |
| Sector | Transport Services |
| Book Value | ₹51.95 |
Strengths
- Stock trades at ₹26.54 versus book value ₹52.00, giving a P/B of 0.51—a substantial discount to stated net worth.
- Promoter holding of 70.44% aligns management interests with minority shareholders.
- Dividend yield of 2.05% provides some income while waiting for value realisation.
- If the stated book value is reliable, the asset backing may cushion downside.
Concerns
- ROE of 2.21% and ROCE of 2.46% show assets are generating very poor returns.
- Sales declined 8.55% and profit declined 3.40%—no evidence of growth.
- Piotroski F-Score of 3/9 and FairStock Score of 5/100 suggest weak financial health and high risk.
- P/E of 17.98 is not cheap for a shrinking, low-return business despite the low P/B.
AI Analysis
Let me look at TransIndia Real the way I look at any business: what will it earn, and can I trust the numbers? The first thing I notice is the balance sheet. The stock trades at ₹26.54 while book value stands at ₹52.00—a 0.51 price-to-book. Graham would have loved buying assets at half price, but only if those assets earn their keep. Here they don't: return on equity is just 2.21% and return on capital employed is 2.46%. As a partner, I own ₹52 of assets for every ₹26.54 I pay, but those assets produce very little profit. The P/E of 17.98 on a company whose sales fell 8.55% and profits fell 3.40% is not cheap for a stagnating business. Worse, the Piotroski score of 3/9 tells me the fundamentals are deteriorating, not healing. The FairStock score of 5/100 also screams risk. There is no growth story here, no pricing power, no moat that I can see. The high promoter holding of 70.44% is a positive—it means their money is beside mine—and the 2.05% dividend at least pays me something while I wait. The latest quarter shows net profit of ₹11 Cr on sales of ₹21 Cr, a very high margin, but one quarter does not make a trend. A low P/B is only interesting if management can unlock the value. I would call this an asset play, not a compounder. I need a catalyst: asset sales, improved ROCE, or a return to growth. Until then, a discount to book value is not enough.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer