Reported Earnings • May 09
Full year 2026 earnings released: EPS: ₹53.96 (vs ₹54.67 in FY 2025) Full year 2026 results: EPS: ₹53.96 (down from ₹54.67 in FY 2025). Revenue: ₹6.08b (up 11% from FY 2025). Net income: ₹822.3m (down 1.3% from FY 2025). Profit margin: 14% (down from 15% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 02
Alldigi Tech Limited to Report Q4, 2026 Results on May 07, 2026 Alldigi Tech Limited announced that they will report Q4, 2026 results on May 07, 2026 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹980, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 25x in the Professional Services industry in India. Total returns to shareholders of 114% over the past three years. Reported Earnings • Jan 28
Third quarter 2026 earnings released: EPS: ₹13.68 (vs ₹13.07 in 3Q 2025) Third quarter 2026 results: EPS: ₹13.68 (up from ₹13.07 in 3Q 2025). Revenue: ₹1.55b (up 11% from 3Q 2025). Net income: ₹208.4m (up 4.6% from 3Q 2025). Profit margin: 13% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year. Announcement • Jan 27
Alldigi Tech Limited Declares Second Interim Dividend for the Financial Year 2025 - 2026, Payable on or Before February 20, 2026 Alldigi Tech Limited announced that the Board of Directors at their meeting held on January 27, 2026 approved declared 2nd Interim Dividend of INR 30 per equity share of face value of INR 10/- each for the financial year 2025-26. Pursuant to Regulation 42 of the Listing Regulations, the Interim Dividend shall be paid on or before February 20, 2026 to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on the record date, i.e., February 04, 2026 fixed for the purpose. Announcement • Jan 20
Alldigi Tech Limited to Report Q3, 2026 Results on Jan 27, 2026 Alldigi Tech Limited announced that they will report Q3, 2026 results on Jan 27, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: ₹11.56 (vs ₹7.97 in 2Q 2025) Second quarter 2026 results: EPS: ₹11.56 (up from ₹7.97 in 2Q 2025). Revenue: ₹1.49b (up 14% from 2Q 2025). Net income: ₹176.2m (up 45% from 2Q 2025). Profit margin: 12% (up from 9.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Announcement • Oct 23
Alldigi Tech Limited to Report Q2, 2026 Results on Oct 30, 2025 Alldigi Tech Limited announced that they will report Q2, 2026 results on Oct 30, 2025 Buy Or Sell Opportunity • Aug 19
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.2% to ₹951. The fair value is estimated to be ₹1,232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%. Announcement • Aug 09
Alldigi Tech Limited Announces Board Appointments Alldigi Tech Limited announced that at its AGM held on August 08, 2025, the appointment of Mr. Gurmeet Singh Chahal and Ms. Ruchi Ahluwalia as a Director. Appointed Mr. Sunil Ramakant Bhumralkar (DIN: 00177658) as an Independent Director of the Company. Buy Or Sell Opportunity • Jul 31
Now 23% undervalued Over the last 90 days, the stock has risen 2.8% to ₹995. The fair value is estimated to be ₹1,286, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%. Announcement • Jul 24
Alldigi Tech Limited to Report Q1, 2026 Results on Jul 30, 2025 Alldigi Tech Limited announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • Jul 17
Full year 2025 earnings released: EPS: ₹54.67 (vs ₹42.00 in FY 2024) Full year 2025 results: EPS: ₹54.67 (up from ₹42.00 in FY 2024). Revenue: ₹5.46b (up 16% from FY 2024). Net income: ₹833.0m (up 30% from FY 2024). Profit margin: 15% (up from 14% in FY 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 14
Alldigi Tech Limited, Annual General Meeting, Aug 08, 2025 Alldigi Tech Limited, Annual General Meeting, Aug 08, 2025, at 17:00 Indian Standard Time. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Non Executive Independent Woman Director Rallabhandi Sarada was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 15
Full year 2025 earnings released: EPS: ₹54.66 (vs ₹42.00 in FY 2024) Full year 2025 results: EPS: ₹54.66 (up from ₹42.00 in FY 2024). Revenue: ₹5.57b (up 19% from FY 2024). Net income: ₹833.0m (up 30% from FY 2024). Profit margin: 15% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
Alldigi Tech Limited to Report Q4, 2025 Results on May 14, 2025 Alldigi Tech Limited announced that they will report Q4, 2025 results on May 14, 2025 Buy Or Sell Opportunity • Apr 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₹901. The fair value is estimated to be ₹1,197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 24%. Announcement • Mar 27
Alldigi Tech Limited Announces Resignation of Neeraj Manchanda as Company Secretary and Compliance Officer Alldigi Tech Limited announced that Mr. Neeraj Manchanda has tendered his resignation from the post of Company Secretary and Compliance Officer of the Company (designated as Senior Management and Key Managerial Personnel) pursuant to internal realignment of roles and responsibilities. This resignation was tendered on 26 March, 2025 and acceptance thereof made on 27 March, 2025. Buy Or Sell Opportunity • Feb 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₹891. The fair value is estimated to be ₹1,142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 24%. Buy Or Sell Opportunity • Feb 07
Now 20% undervalued Over the last 90 days, the stock has risen 1.8% to ₹966. The fair value is estimated to be ₹1,210, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 24%. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹909, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 34x in the Professional Services industry in India. Total returns to shareholders of 67% over the past three years. Reported Earnings • Jan 23
Third quarter 2025 earnings released: EPS: ₹13.07 (vs ₹7.39 in 3Q 2024) Third quarter 2025 results: EPS: ₹13.07 (up from ₹7.39 in 3Q 2024). Revenue: ₹1.39b (up 16% from 3Q 2024). Net income: ₹199.2m (up 77% from 3Q 2024). Profit margin: 14% (up from 9.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jan 19
Alldigi Tech Limited to Report Q3, 2025 Results on Jan 22, 2025 Alldigi Tech Limited announced that they will report Q3, 2025 results on Jan 22, 2025 Recent Insider Transactions • Nov 27
Chief Executive Officer recently bought ₹266k worth of stock On the 19th of November, Naozer Cusrow Dalal bought around 300 shares on-market at roughly ₹887 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Naozer has been a buyer over the last 12 months, purchasing a net total of ₹2.9m worth in shares. Reported Earnings • Oct 25
Second quarter 2025 earnings released: EPS: ₹7.97 (vs ₹10.66 in 2Q 2024) Second quarter 2025 results: EPS: ₹7.97 (down from ₹10.66 in 2Q 2024). Revenue: ₹1.31b (up 17% from 2Q 2024). Net income: ₹121.4m (down 25% from 2Q 2024). Profit margin: 9.3% (down from 14% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 22% per year. Buy Or Sell Opportunity • Oct 25
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ₹972. The fair value is estimated to be ₹1,274, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 25%. Announcement • Oct 25
Alldigi Tech Limited Declares Interim Dividend for the financial year 2024-25, Payable on or Before November 18, 2024 Alldigi Tech Limited announced that at the board meeting held on October 24, 2024 the board has declared an Interim Dividend of INR 30/- per equity share of face value of INR 10/- each for the financial year 2024-25. Record date for the purpose of payment of Interim Dividend is fixed as November 06, 2024. The interim dividend will be paid on or before November 18, 2024, or within 30 days from the date of declaration as per the provisions of Companies Act, 2013, through electronic mode or by dividend warrants, as applicable. Announcement • Oct 24
Alldigi Tech Limited Announces Appointment of Avinash Jain as the Chief Financial Officer, Effective October 25, 2024 Alldigi Tech Limited announced that at the board meeting held on October 24, 2024 approved the appointment of Avinash Jain as the Chief Financial Officer with effect from October 25, 2024. Mr. Avinash Jain is an Accounting & Finance Leader with over 22 years of expertise in accounting, finance and commercial aspects of business across Agri, IT, ITES, FMCG, Automobile & other manufacturing industries. By Qualification, Avinash Jain is a Chartered Accountant, ACMA, CGMA and MBA degree holder with a proven track record in transforming outcomes and delivering on tough productivity and savings targets. Announcement • Oct 17
Alldigi Tech Limited to Report Q2, 2025 Results on Oct 24, 2024 Alldigi Tech Limited announced that they will report Q2, 2025 results on Oct 24, 2024 Announcement • Aug 17
Allsec Technologies Limited Announces Resignation of Gaurav Mehra as Chief Financial Officer, Effective 25 September 2024 Allsec Technologies Limited informed that Mr. Gaurav Mehra has tendered his resignation dated 16 August 2024 from the Post of Chief Financial Officer (CFO) and Key Managerial Person (KMP) of the company, due to his personal reasons to pursue professional goals outside the organization. He will continue to hold his current position as CFO and KMP, until 25 September 2024 and with the close of business hours on 25 September 2024, he will cease to be the CFO and KMP of the Company. Recent Insider Transactions • Aug 09
Chief Executive Officer recently bought ₹490k worth of stock On the 2nd of August, Naozer Cusrow Dalal bought around 450 shares on-market at roughly ₹1,089 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹985k. Naozer has been a buyer over the last 12 months, purchasing a net total of ₹2.6m worth in shares. Announcement • Aug 03
Allsec Technologies Limited Approves Dividend for the Financial Year Ended March 31, 2024 Allsec Technologies Limited at its AGM held on August 02, 2024, the shareholders approved payment of interim dividend of INR 30 per equity share and declare a final dividend of INR 15 per equity share for the financial year ended March 31, 2024 and pass the following resolution as an Ordinary Resolution. Buy Or Sell Opportunity • Jul 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to ₹1,084. The fair value is estimated to be ₹896, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 25%. Announcement • Jul 22
Allsec Technologies Limited to Report Q1, 2025 Results on Jul 25, 2024 Allsec Technologies Limited announced that they will report Q1, 2025 results on Jul 25, 2024 Reported Earnings • Jul 07
Full year 2024 earnings released: EPS: ₹42.00 (vs ₹32.06 in FY 2023) Full year 2024 results: EPS: ₹42.00 (up from ₹32.06 in FY 2023). Revenue: ₹4.69b (up 20% from FY 2023). Net income: ₹640.0m (up 31% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 28
Upcoming dividend of ₹15.00 per share Eligible shareholders must have bought the stock before 05 July 2024. Payment date: 19 August 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.9%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (1.2%). Buy Or Sell Opportunity • Jun 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to ₹1,099. The fair value is estimated to be ₹908, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 25%. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹982, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 25x in the Professional Services industry in India. Total returns to shareholders of 251% over the past three years. Reported Earnings • May 07
Full year 2024 earnings released: EPS: ₹42.00 (vs ₹32.06 in FY 2023) Full year 2024 results: EPS: ₹42.00 (up from ₹32.06 in FY 2023). Revenue: ₹4.76b (up 22% from FY 2023). Net income: ₹640.0m (up 31% from FY 2023). Profit margin: 13% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 07
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to ₹958. The fair value is estimated to be ₹768, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 25%. Recent Insider Transactions • Mar 13
Chief Executive Officer recently bought ₹1.2m worth of stock On the 7th of March, Naozer Dalal bought around 1k shares on-market at roughly ₹808 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Naozer's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹875, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 25x in the Professional Services industry in India. Total returns to shareholders of 216% over the past three years. Announcement • Feb 08
Aparajitha Corporate Services Private Limited entered into a Business Transfer Agreement to acquire Labour Law Compliance Business of Allsec Technologies Ltd from Allsec Technologies Limited (NSEI:ALLSEC) for an Enterprise Value of INR 270 million. Aparajitha Corporate Services Private Limited entered into a Business Transfer Agreement to acquire Labour Law Compliance Business of Allsec Technologies Ltd from Allsec Technologies Limited (NSEI:ALLSEC) for an Enterprise Value of INR 270 million on February 6, 2024. The deal is valued at an Enterprise Value of INR 270 million, on a cash and debt free basis, subject to closing adjustments. The deal is expected to be completed on March 31, 2024. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹786, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 25x in the Professional Services industry in India. Total returns to shareholders of 231% over the past three years. Reported Earnings • Jan 23
Third quarter 2024 earnings released: EPS: ₹7.39 (vs ₹4.74 in 3Q 2023) Third quarter 2024 results: EPS: ₹7.39 (up from ₹4.74 in 3Q 2023). Revenue: ₹1.21b (up 20% from 3Q 2023). Net income: ₹112.6m (up 56% from 3Q 2023). Profit margin: 9.3% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 16
Allsec Technologies Limited to Report Q3, 2024 Results on Jan 22, 2024 Allsec Technologies Limited announced that they will report Q3, 2024 results on Jan 22, 2024 New Risk • Nov 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (95% cash payout ratio). Profit margins are more than 30% lower than last year (12% net profit margin). Upcoming Dividend • Nov 03
Upcoming dividend of ₹30.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 21 November 2023. Trailing yield: 4.4%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (1.4%). Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: ₹10.66 (vs ₹10.41 in 2Q 2023) Second quarter 2024 results: EPS: ₹10.66 (up from ₹10.41 in 2Q 2023). Revenue: ₹1.15b (up 22% from 2Q 2023). Net income: ₹162.4m (up 2.3% from 2Q 2023). Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 27
Allsec Technologies Limited Approves Interim Dividend for the Financial Year 2023-2024, Payable on or Before November 21, 2023 Allsec Technologies Limited at its board meeting held on October 26, 2023, approved an interim dividend at INR 30 per equity share of face value of INR 10 each for the financial year 2023-2024. The Record Date for the purpose of payment of the Interim Dividend is fixed as November 10, 2023. The Interim Dividend will be paid on or before November 21, 2023 or within 30 days from the date of declaration as per the provisions of Companies Act, 2013, through electronic mode or by dividend warrants, as applicable. Announcement • Oct 19
Allsec Technologies Limited to Report Q2, 2024 Results on Oct 26, 2023 Allsec Technologies Limited announced that they will report Q2, 2024 results on Oct 26, 2023 Announcement • Sep 26
Allsec Technologies Limited Announces Company Secretary and Compliance Officer Changes Allsec Technologies Limited at its board meeting held on September 25, 2023, approved the earlier reliving of Ms. Sripiriyadarshini, Company Secretary & Compliance Officer based on her request to relive on September 27, 2023 instead of September 29, 2023. The company also approved the appointment of Mr. Neeraj Manchanda as a Company Secretary & Compliance Officer and Key Managerial Personnel of the Company with effect from September 28, 2023. Neeraj Manchanda is a seasoned Legal & Corporate Governance professional having over 17 years of experience and a strong domain expertise in matters related to Joint Ventures, Corporate Law and Governance, Corporate restructuring (Merger/Amalgamation/Acquisition), Contract & Compliance Management, Corporate Litigations & Dispute Resolution, Private Equity & Investments, Competition Law, Consortium funding and General Business Advisory. By Qualification, Neeraj is a Law Graduate and a member of the Institute of Company Secretaries of India (ICSI). Announcement • Sep 01
Allsec Technologies Limited, Annual General Meeting, Sep 25, 2023 Allsec Technologies Limited, Annual General Meeting, Sep 25, 2023, at 17:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements for the Financial Year ended March 31, 2023 together with the Auditors' Report and Board's Report thereon; to receive, consider and adopt the Audited Consolidated Financial Statements for the Financial Year ended March 31, 2023 together with the Auditors' Report thereon; to appoint Mr. Guruprasad Srinivasan as a Director liable to retire by rotation; and to discuss other matters. Announcement • Jul 27
Allsec Technologies Limited Announces Resignation of Sripiriyadarshini, Company Secretary and Compliance Officer, Effective September 29, 2023 Allsec Technologies Limited announced that at its board meeting held on July 26, 2023, approved the resignation of Ms. Sripiriyadarshini, Company Secretary and Compliance Officer of the Company with effect from September 29, 2023. Reported Earnings • Jul 27
First quarter 2024 earnings released: EPS: ₹10.35 (vs ₹8.96 in 1Q 2023) First quarter 2024 results: EPS: ₹10.35 (up from ₹8.96 in 1Q 2023). Revenue: ₹1.10b (up 24% from 1Q 2023). Net income: ₹157.7m (up 16% from 1Q 2023). Profit margin: 14% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹552, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 24x in the Professional Services industry in India. Total returns to shareholders of 228% over the past three years. Reported Earnings • May 10
Full year 2023 earnings released: EPS: ₹32.06 (vs ₹23.39 in FY 2022) Full year 2023 results: EPS: ₹32.06 (up from ₹23.39 in FY 2022). Revenue: ₹3.98b (up 26% from FY 2022). Net income: ₹488.6m (up 37% from FY 2022). Profit margin: 12% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Apr 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be ₹612, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 16%. Announcement • Jan 17
Allsec Technologies Limited to Report Q3, 2023 Results on Jan 24, 2023 Allsec Technologies Limited announced that they will report Q3, 2023 results on Jan 24, 2023 Announcement • Jan 07
Allsec Technologies' Board Approves Resignation of N. Ravi Vishwanath from the Post of Directorship Allsec Technologies Limited announced that Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee, approved resignation of Mr. N. Ravi Vishwanath (DIN: 07332234) from the post of Directorship of the Company with effect from January 6, 2023. Board Change • Jul 31
High number of new directors Additional Non-Executive Non-Independent Director Guru Srinivasan was the last director to join the board, commencing their role in 2022. Reported Earnings • Jul 28
First quarter 2023 earnings released: EPS: ₹8.96 (vs ₹5.23 loss in 1Q 2022) First quarter 2023 results: EPS: ₹8.96 (up from ₹5.23 loss in 1Q 2022). Revenue: ₹920.0m (up 27% from 1Q 2022). Net income: ₹136.5m (up ₹216.2m from 1Q 2022). Profit margin: 15% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • May 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₹23.39 (up from ₹23.05 in FY 2021). Revenue: ₹3.24b (up 17% from FY 2021). Net income: ₹356.4m (up 1.5% from FY 2021). Profit margin: 11% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Chairman Ajit Isaac is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Jan 26
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: ₹8.63 (up from ₹5.82 in 3Q 2021). Revenue: ₹838.0m (up 17% from 3Q 2021). Net income: ₹131.6m (up 48% from 3Q 2021). Profit margin: 16% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹614, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 24x in the Commercial Services industry in India. Total returns to shareholders of 292% over the past three years. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 19% share price gain to ₹640, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 21x in the Commercial Services industry in India. Total returns to shareholders of 284% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 15% share price gain to ₹528, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 21x in the Commercial Services industry in India. Total returns to shareholders of 207% over the past three years. Upcoming Dividend • Nov 01
Upcoming dividend of ₹45.00 per share Eligible shareholders must have bought the stock before 08 November 2021. Payment date: 24 November 2021. Trailing yield: 8.5%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.2%). Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS ₹8.50 (vs ₹4.22 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹803.9m (up 19% from 2Q 2021). Net income: ₹129.5m (up 101% from 2Q 2021). Profit margin: 16% (up from 9.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹532, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 20x in the Commercial Services industry in India. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 18% share price gain to ₹496, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 21x in the Commercial Services industry in India. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹441, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 20x in the Commercial Services industry in India. Total returns to shareholders of 75% over the past three years. Reported Earnings • Jul 21
First quarter 2022 earnings released: ₹5.23 loss per share (vs ₹3.96 profit in 1Q 2021) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₹714.9m (up 12% from 1Q 2021). Net loss: ₹79.7m (down 232% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 20% share price gain to ₹447, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 19x in the Commercial Services industry in India. Total returns to shareholders of 78% over the past three years. Reported Earnings • May 29
Full year 2021 earnings released: EPS ₹23.05 (vs ₹29.49 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.80b (down 4.8% from FY 2020). Net income: ₹351.2m (down 22% from FY 2020). Profit margin: 13% (down from 15% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₹374, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 16x in the Commercial Services industry in India. Total returns to shareholders of 31% over the past three years. Executive Departure • Apr 08
Additional Non-Executive Non-Independent Director has left the company On the 31st of March, Subramanian Ramakrishnan's tenure as Additional Non-Executive Non-Independent Director ended after less than a year in the role. We don't have any record of a personal shareholding under Subramanian's name. A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Feb 08
New 90-day high: ₹312 The company is up 35% from its price of ₹230 on 10 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 18% over the same period. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₹300, the stock is trading at a trailing P/E ratio of 13.6x, up from the previous P/E ratio of 11.7x. This compares to an average P/E of 13x in the Commercial Services industry in India. Total return to shareholders over the past three years is a loss of 19%. Reported Earnings • Jan 21
Third quarter 2021 earnings released: EPS ₹5.82 The company reported a decent third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: ₹721.9m (flat on 3Q 2020). Net income: ₹88.7m (up 3.7% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₹304, the stock is trading at a trailing P/E ratio of 14.1x, up from the previous P/E ratio of 12.1x. This compares to an average P/E of 12x in the Commercial Services industry in India. Total return to shareholders over the past three years is a loss of 28%. Is New 90 Day High Low • Dec 29
New 90-day high: ₹295 The company is up 22% from its price of ₹242 on 30 September 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: ₹230 The company is down 21% from its price of ₹292 on 13 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 1.0% over the same period. Reported Earnings • Oct 27
First half earnings released Over the last 12 months the company has reported total profits of ₹318.8m, up 2.4% from the prior year. Total revenue was ₹2.75b over the last 12 months, down 2.0% from the prior year.