Fujiyama Power (UTLSOLAR)

FairStock Score: 51/100 — MIXED

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

Key Financials

Strengths

• Exceptional revenue growth of 73.8% and profit growth of 124.29%
• Strong ROCE of 38.88% indicating efficient capital deployment
• PEG ratio of 0.30 suggests growth is not fully reflected in price if sustained
• Piotroski F-Score of 7/9 points to solid fundamental health
• High promoter holding of 86.77% ensures strong alignment with shareholders

Concerns

• Elevated valuation: P/E of 29.73 and P/B of 15.15 leave little room for error
• Debt-to-equity of 1.38 raises financial risk, especially during a slowdown
• No dividend yield – investor return depends entirely on future price appreciation
• ROE is listed as N/A, which is unusual and calls for scrutiny of the equity quality

AI Analysis

When I look at Fujiyama Power, the numbers jump off the page. Revenue up 73.8%, profits up 124.29%, and a return on capital of 38.88% — that is the kind of compounding machine Buffett would hunt for. But I must slow down. A P/E of 29.73 and a P/B of 15.15 against a book value of just ₹18.87 means the market has already priced in years of perfection. The PEG ratio of 0.30 looks cheap only if today's growth persists, and growth that steep rarely does. I also notice debt-to-equity of 1.38 — this is not a fortress balance sheet. For a company growing this fast, leverage can amplify both gains and pain. The promoter holding of 86.77% aligns interests, but it also leaves little free float, which can distort price discovery. The lack of dividend and zero yield means the only return is future appreciation, something this old investor does not bank on. The Piotroski score of 7/9 is respectable, telling me operations are healthy for now. But the FairStock score of 50/100 cautions me that this is a mixed picture, not a no-brainer. The latest quarter — sales ₹588 Cr and net profit ₹67 Cr — shows momentum, yet with ROE not even disclosed, I wonder if the book value story is as clean as it appears. I would not buy here; I would put it on my watchlist and wait for a better margin of safety, or a clearer proof that this growth can last without excessive debt.

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