TV Vision (TVVISION)

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

Key Financials

Strengths

• Promoter holding of 32.20% gives some alignment, though it is not enough to offset financial distress.
• Reported profit growth of 8.94% suggests losses may be narrowing slightly from a very weak base.
• Piotroski F-score of 5/9 is not a failing score, implying some operational or accounting positives exist.

Concerns

• Book value is deeply negative at ₹-41.05 per share; there is no equity cushion for shareholders.
• Latest quarter has ₹0 Cr sales and ₹-6 Cr net loss; sales are down 95.06% from prior levels.
• P/E and ROCE are effectively 0.00, with zero dividend yield; no earnings or return on capital exists.
• The 30.38% ROE is misleading because it stems from negative equity, not real profitability.

AI Analysis

Let me start with the most important number: book value is minus ₹41.05 per share. That is a negative equity cushion—liabilities exceed assets. In Graham's language, there is no margin of safety. The P/E shows 0.00, not because earnings are attractive, but because the latest quarter lost ₹6 Cr on sales of ₹0 Cr. A business with no revenue and ongoing losses is not a business; it is a cash burner. Sales are down 95.06%, so whatever broadcasting franchise existed has evaporated. The reported 30.38% ROE is a mathematical illusion from dividing a loss by negative book value; it is not a return on your money. ROCE of 0.00 confirms no capital is being deployed profitably. Dividend yield is zero; minority shareholders get nothing. Promoter holding of 32.20% gives some skin in the game, but it cannot compensate for a balance sheet with negative net worth. The Piotroski F-score of 5/9 is middle-of-the-road, but even that score cannot rescue a company with negative equity and zero revenue. The 8.94% profit growth looks like a slight narrowing of losses, not genuine earnings growth. At ₹5.54, market cap is ₹23 Cr and the stock trades near the lower end of its 52-week range. But cheap in price is not cheap in value when the asset base is insolvent. This is a speculative distressed situation, not a value investment. I would only revisit if revenue returns, losses stop, and book value moves toward positive. Until then, this belongs in the too-hard pile.

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