P2 Solar, Inc. (PTOS) stock analysis
PTOSOTCConstruction - Special Trade ContractorsFiscal year ends March 31
Financials through Q4 FY2025, quarter ended Mar 31, 2025Last filing: 10-K on Jul 15, 2025
$0.01+0.00 (0.00%)
Close on Oct 16, 2026Market cap $918.64KP/E –Yield –
Margins
Share of revenue, fiscal years 2010 to 2025
Gross margin
83.4%+64.9 pts over 5 years
Operating margin
-391.7%
Net margin
-130.7%+146.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -84.1% | – | – | – | |
| Gross profit | -67.1% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2010 | FY2014 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 74.0% | 2.4% | |
| Return on assets | – | -350.1% | -31.7% | |
| Current ratio | – | 0.15 | 0.01 | |
| Interest coverage | – | – | -3.4× | |
| Diluted shares | – | – | 74M |
Cash use needs five years of cash flow figures
P2 Solar does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-130.7%
×Asset turnover0.24×
×Equity multiplier-0.08×
=Return on equity, FY20252.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -130.7% | 0.24× | -0.08× | 2.4% |
| FY2024 | -89.3% | 1.50× | -0.06× | 8.4% |
| FY2014 | -277.1% | 1.26× | -0.21× | 74.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$34.49K
- Cash generatingOperating cash flow above zero-$68.75K
- Return on assets improvedROA up on the prior year-138.5% → -30.1%
- Earnings backed by cashOperating cash flow above net income-$68.75K vs -$34.49K
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.01 → 0.01
- No dilutionShare count did not rise68M → 74M
- Gross margin improvedGross margin up on the prior year40.28% → 83.40%
- More efficientAsset turnover rose1.55 → 0.23
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