Grande Group Ltd/HK earns about 1961% on invested capital, but has diluted owners by 144% over 4 years — worth asking whether the growth reaches owners. The applicable estimate puts fair value near $0.6 a share. Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|
| Revenue | $3.87M1 | $4.53M2 | $4.34M2 | $2.58M2 |
| Net income | $1.28M3 | $1.8M4 | $1.62M4 | −$3.47M4 |
| Operating cash flow | $228,9645 | $1.16M6 | $794,1476 | −$734,1526 |
| Capital expenditure | — | — | $139,1537 | — |
| Free cash flow (derived) | — | — | $654,9946,7 | — |
| Total debt | — | — | — | — |
| Cash & equivalents | $1.94M8 | $2.77M9 | $2.07M10 | $1.45M10 |
| Diluted shares | 10.0M | 10.0M | 14.7M | 24.4M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.
10 shares is a claim on $2.98 of net worth that earned you −$1.43 last year.
It earned an average 1961% on invested capital over 4 years. Compare that to what it costs to fund the business.
seeing a moat in the numbers →Share count is up 144% over 4 years — owners have been diluted. Worth asking what they got for it.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
assumptions (8)
- Risk-free rate (10Y Treasury)5.00%
- Equity risk premium5.00%
- Beta (β)1.00
- Equity share of capital85.0%
- Debt spread over risk-free1.50%
- Tax rate21.0%
- Normalized earnings$1.45M
- Growth assumed0.0%
Different models answer different questions — which to trust when →
This page is free, and so is every other company on MeritValue.
Connect the MeritValue MCP server to Claude or another MCP client, ask about Grande Group Ltd/HK, and get these exact figures with their filing receipts — not an improvised DCF.
Get a free key →Pull the companies with a published value under any model (up to 500 a request, filtered by data completeness) into your own sheet or agent. Screening is what Analyst adds, at $9/month.
See pricing →Follow GRAN and keep your own price beside the value. The same engine, with the same receipts.
MeritValue on the App Store →- 20-F filed 2025-07-31 · period ending 2023-03-31 · accession 0001213900-25-069627 (Revenues)
- 20-F filed 2026-07-31 · periods ending 2024-03-31, 2025-03-31, 2026-03-31 · accession 0001213900-26-084010 (RevenueFromContractWithCustomerIncludingAssessedTax)
- 20-F filed 2025-07-31 · period ending 2023-03-31 · accession 0001213900-25-069627 (ProfitLoss)
- 20-F filed 2026-07-31 · periods ending 2024-03-31, 2025-03-31, 2026-03-31 · accession 0001213900-26-084010 (NetIncomeLoss)
- 20-F filed 2025-07-31 · period ending 2023-03-31 · accession 0001213900-25-069627 (NetCashProvidedByUsedInOperatingActivities)
- 20-F filed 2026-07-31 · periods ending 2024-03-31, 2025-03-31, 2026-03-31 · accession 0001213900-26-084010 (NetCashProvidedByUsedInOperatingActivities)
- 20-F filed 2026-07-31 · period ending 2025-03-31 · accession 0001213900-26-084010 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F filed 2026-07-31 · period ending 2023-03-31 · accession 0001213900-26-084010 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 20-F filed 2025-07-31 · period ending 2024-03-31 · accession 0001213900-25-069627 (CashAndCashEquivalentsAtCarryingValue)
- 20-F filed 2026-07-31 · periods ending 2025-03-31, 2026-03-31 · accession 0001213900-26-084010 (CashAndCashEquivalentsAtCarryingValue)