Reported Earnings • Aug 15
First quarter 2027 earnings released: EPS: ₹0.69 (vs ₹0.49 in 1Q 2026) First quarter 2027 results: EPS: ₹0.69. Revenue: ₹237.3m (up 17% from 1Q 2026). Net income: ₹4.62m (down 22% from 1Q 2026). Profit margin: 1.9% (down from 2.9% in 1Q 2026). The decrease in margin was driven by higher expenses. Ankündigung • Aug 04
We Win Limited to Report Q1, 2027 Results on Aug 13, 2026 We Win Limited announced that they will report Q1, 2027 results on Aug 13, 2026 Reported Earnings • May 17
Full year 2026 earnings released: EPS: ₹2.82 (vs ₹0.016 in FY 2025) Full year 2026 results: EPS: ₹2.82 (up from ₹0.016 in FY 2025). Revenue: ₹945.4m (up 20% from FY 2025). Net income: ₹45.0m (up 173% from FY 2025). Profit margin: 4.8% (up from 2.1% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹71.57, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 23x in the Professional Services industry in India. Total returns to shareholders of 74% over the past three years. Ankündigung • May 06
We Win Limited to Report Q4, 2026 Results on May 15, 2026 We Win Limited announced that they will report Q4, 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹44.00, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 22x in the Professional Services industry in India. Total returns to shareholders of 9.5% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.85 (vs ₹0.40 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.85 (up from ₹0.40 loss in 3Q 2025). Revenue: ₹219.0m (up 14% from 3Q 2025). Net income: ₹11.7m (up ₹14.6m from 3Q 2025). Profit margin: 5.4% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 04
We Win Limited to Report Q3, 2026 Results on Feb 13, 2026 We Win Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹51.15, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 28x in the Professional Services industry in India. Total returns to shareholders of 8.5% over the past three years. Ankündigung • Nov 05
We Win Limited to Report Q2, 2026 Results on Nov 14, 2025 We Win Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Nov 14, 2025 Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹56.87, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 29x in the Professional Services industry in India. Total returns to shareholders of 21% over the past three years. New Risk • Oct 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹505.0m market cap, or US$5.69m). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹60.00, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 30x in the Professional Services industry in India. Total returns to shareholders of 28% over the past three years. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹0.49 (vs ₹0.65 in 1Q 2025) First quarter 2026 results: EPS: ₹0.49 (down from ₹0.65 in 1Q 2025). Revenue: ₹204.8m (up 8.7% from 1Q 2025). Net income: ₹5.94m (down 10% from 1Q 2025). Profit margin: 2.9% (down from 3.5% in 1Q 2025). The decrease in margin was driven by higher expenses. 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 7% per year, which means it is well ahead of earnings. Ankündigung • Aug 14
We Win Limited, Annual General Meeting, Sep 12, 2025 We Win Limited, Annual General Meeting, Sep 12, 2025, at 11:00 Indian Standard Time. Location: plot no. c-6, it park, badwai, bhopal, m.p.-462038, bhopal India Ankündigung • Aug 04
We Win Limited to Report Q1, 2026 Results on Aug 13, 2025 We Win Limited announced that they will report Q1, 2026 results on Aug 13, 2025 New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (₹478.5m market cap, or US$5.53m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹52.36, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 30x in the Professional Services industry in India. Total loss to shareholders of 34% over the past year. New Risk • May 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (₹449.6m market cap, or US$5.28m). Minor Risk Profit margins are more than 30% lower than last year (2.1% net profit margin). Reported Earnings • May 19
Full year 2025 earnings released: EPS: ₹1.85 (vs ₹2.43 in FY 2024) Full year 2025 results: EPS: ₹1.85 (down from ₹2.43 in FY 2024). Revenue: ₹794.1m (up 22% from FY 2024). Net income: ₹16.5m (down 33% from FY 2024). Profit margin: 2.1% (down from 3.8% in FY 2024). The decrease in margin was driven by higher expenses. Ankündigung • May 10
We Win Limited to Report Q4, 2025 Results on May 16, 2025 We Win Limited announced that they will report Q4, 2025 results on May 16, 2025 Recent Insider Transactions • Mar 04
MD & Executive Director recently bought ₹186k worth of stock On the 27th of February, Abhishek Gupta bought around 4k shares on-market at roughly ₹53.07 per share. This transaction amounted to less than 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. This was Abhishek's only on-market trade for the last 12 months. Reported Earnings • Feb 19
Third quarter 2025 earnings released: ₹0.40 loss per share (vs ₹0.79 profit in 3Q 2024) Third quarter 2025 results: ₹0.40 loss per share (down from ₹0.79 profit in 3Q 2024). Revenue: ₹192.7m (up 15% from 3Q 2024). Net loss: ₹2.87m (down 138% from profit in 3Q 2024). Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to ₹49.08, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 27x in the Professional Services industry in India. Total loss to shareholders of 34% over the past year. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹77.99, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 34x in the Professional Services industry in India. Total returns to shareholders of 2.1% over the past year. Ankündigung • Feb 03
We Win Limited to Report Q3, 2025 Results on Feb 13, 2025 We Win Limited announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Jan 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.8% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Market cap is less than US$10m (₹813.3m market cap, or US$9.40m). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹78.21, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 36x in the Professional Services industry in India. Total returns to shareholders of 6.2% over the past year. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹0.21 (vs ₹0.11 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.21 (up from ₹0.11 in 2Q 2024). Revenue: ₹205.1m (up 37% from 2Q 2024). Net income: ₹1.79m (up 88% from 2Q 2024). Profit margin: 0.9% (up from 0.6% in 2Q 2024). The increase in margin was driven by higher revenue. Ankündigung • Oct 29
We Win Limited to Report Q2, 2025 Results on Nov 12, 2024 We Win Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹82.29, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 36x in the Professional Services industry in India. Total returns to shareholders of 5.5% over the past year. Ankündigung • Aug 12
We Win Limited, Annual General Meeting, Sep 06, 2024 We Win Limited, Annual General Meeting, Sep 06, 2024, at 11:00 Indian Standard Time. Location: plot no. c-6, it park, badwai, bhopal (mp)- 462038, bhopal India Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹0.65 (vs ₹0.89 in 1Q 2024) First quarter 2025 results: EPS: ₹0.65. Revenue: ₹189.0m (up 35% from 1Q 2024). Net income: ₹6.63m (up 1.4% from 1Q 2024). Profit margin: 3.5% (down from 4.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Ankündigung • Jul 31
We Win Limited to Report Q1, 2025 Results on Aug 09, 2024 We Win Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹80.25, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 27x in the Professional Services industry in India. Total returns to shareholders of 104% over the past year. Ankündigung • Jun 05
We Win Limited Announces Board Resignations We Win Limited announced that Mr. Abhishek Gupta (DIN: 01260263) has resigned from Chairman and Mrs. Sonika Gupta (DIN: 01527904) has resigned as Vice-Chairman of the company with effect from 04 June 2024 as stated in the resignation letter as enclosed herewith. The formal acceptance of the same shall be placed in the next Board Meeting. Company received from Mr. Abhishek Gupta (DIN: 01260263) and Mrs. Sonika Gupta (DIN: 01527904) that there is no other material reason to resignation other than those provided for such resignation from company and do not hold directorship in any other listed company, as enclosed. Reported Earnings • May 23
Full year 2024 earnings released: EPS: ₹2.69 (vs ₹2.37 in FY 2023) Full year 2024 results: EPS: ₹2.69 (up from ₹2.37 in FY 2023). Revenue: ₹657.9m (up 35% from FY 2023). Net income: ₹24.7m (up 2.7% from FY 2023). Profit margin: 3.8% (down from 4.9% in FY 2023). The decrease in margin was driven by higher expenses. Ankündigung • May 12
We Win Limited to Report Q4, 2024 Results on May 21, 2024 We Win Limited announced that they will report Q4, 2024 results on May 21, 2024 Buy Or Sell Opportunity • Apr 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to ₹105. The fair value is estimated to be ₹86.32, however this is not to be taken as a sell 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 29%. New Risk • Apr 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (₹892.1m market cap, or US$10.7m). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₹87.32, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 25x in the Professional Services industry in India. Total returns to shareholders of 114% over the past year. Buy Or Sell Opportunity • Mar 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.0% to ₹65.58. The fair value is estimated to be ₹84.67, 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 29%. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹0.79 (vs ₹0.24 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.79 (up from ₹0.24 in 3Q 2023). Revenue: ₹170.6m (up 39% from 3Q 2023). Net income: ₹7.48m (up 136% from 3Q 2023). Profit margin: 4.4% (up from 2.6% in 3Q 2023). The increase in margin was driven by higher revenue. Ankündigung • Feb 03
We Win Limited to Report Q3, 2024 Results on Feb 12, 2024 We Win Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹81.02, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 24x in the Professional Services industry in India. Total returns to shareholders of 80% over the past year. New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 28% per year over the past 5 years. Market cap is less than US$10m (₹751.9m market cap, or US$9.02m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹80.81, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 26x in the Professional Services industry in India. Total returns to shareholders of 76% over the past year. Ankündigung • Oct 28
We Win Limited to Report Q2, 2024 Results on Nov 06, 2023 We Win Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹72.38, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 27x in the Professional Services industry in India. Total returns to shareholders of 53% over the past year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹90.12, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 27x in the Professional Services industry in India. Total returns to shareholders of 83% over the past year. Ankündigung • Aug 26
We Win Limited, Annual General Meeting, Sep 22, 2023 We Win Limited, Annual General Meeting, Sep 22, 2023, at 11:00 Indian Standard Time. Location: Registered Office of the Company situated at 206-207, 2nd Floor, Corporate Zone, C-21 Mall, Hoshangabad Road, Misrod Bhopal India Agenda: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31 March, 2023 and the Reports of the Board of Directors and Auditors thereon; to consider the Appointment of Director in place of Director who retires by Rotation; to approve the appointment/Regularization of Mr. Tarun Katyan as IndependentDirector (Non Executive) of the Company; to approve the appointment/Regularization of Mr. Arvav Gupta as a director of the Company; and to discuss the other matters. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹0.89 (vs ₹0.83 in 1Q 2023) First quarter 2024 results: EPS: ₹0.89. Revenue: ₹140.7m (up 22% from 1Q 2023). Net income: ₹6.54m (down 15% from 1Q 2023). Profit margin: 4.6% (down from 6.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Ankündigung • Aug 03
We Win Limited to Report Q1, 2024 Results on Aug 11, 2023 We Win Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 48% After last week's 48% share price gain to ₹67.57, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 26x in the Professional Services industry in India. Total returns to shareholders of 94% over the past year. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹46.64, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 24x in the Professional Services industry in India. Total returns to shareholders of 26% over the past year. Ankündigung • Jun 01
We Win Limited Appoints Arnav Gupta as an Additional Director (Non-Executive & Non- Independent) We Win Limited informed that the Board of Directors of the company in their meeting held on Thursday, 01s June, 2023 has appointed Mr. Arnav Gupta (DIN: 09040096) as an Additional Director (Non-Executive & Non- Independent) of the Company with effect from 01 June, 2023. Arnav is a young entrepreneur from heartland of India Bhopal. He completed his under graduation in Bachelor in IT & Game Development from University of Wollongong, Australia.He is a Director at Zenstack Private Limited. Ankündigung • May 26
We Win Limited Appoints Arnav Gupta as an Additional Director (Non-Executive & Non - Independent) We Win Limited at the board meeting held on 01 June, 2023, appointed Mr. Arnav Gupta (DIN-09040096) as an Additional Director (Non-Executive & Non - Independent) of the Company. Ankündigung • May 24
We Win Limited Announces Resignation of Rajiv Singh Non-Executive Director We Win Limited announced Mr. Rajiv Singh Non- Executive Director of the company has resigned from the directorship of the company with effect from May 23, 2023 as stated in the resignation letter as enclosed herewith. Reported Earnings • May 17
Full year 2023 earnings released: EPS: ₹2.57 (vs ₹2.07 in FY 2022) Full year 2023 results: EPS: ₹2.57 (up from ₹2.07 in FY 2022). Revenue: ₹491.0m (up 18% from FY 2022). Net income: ₹24.0m (up 14% from FY 2022). Profit margin: 4.9% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Ankündigung • May 06
We Win Limited to Report Q4, 2023 Results on May 15, 2023 We Win Limited announced that they will report Q4, 2023 results on May 15, 2023 Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹0.24 (vs ₹0.37 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.24 (down from ₹0.37 in 3Q 2022). Revenue: ₹123.2m (up 17% from 3Q 2022). Net income: ₹3.17m (down 16% from 3Q 2022). Profit margin: 2.6% (down from 3.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Ankündigung • Jan 24
We Win Limited to Report Q3, 2023 Results on Feb 03, 2023 We Win Limited announced that they will report Q3, 2023 results on Feb 03, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 22% share price gain to ₹52.20, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 26x in the IT industry in India. Ankündigung • Nov 05
We Win Limited to Report Q2, 2023 Results on Nov 14, 2022 We Win Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₹50.60, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 26x in the IT industry in India. Ankündigung • Sep 03
We Win Limited, Annual General Meeting, Sep 30, 2022 We Win Limited, Annual General Meeting, Sep 30, 2022, at 11:00 Indian Standard Time. Location: 206-207, 2nd Floor, Corporate Zone C-21 Mall, Hoshangabad Road, Misrod Bhopal Madhya Pradesh India Agenda: To consider the adoption of audited standalone and consolidated financial statements and the Reports of the Board of Directors and Auditor's thereon; to consider the appointment of Director in place of Director who retires by Rotation; to consider the borrowing Powers of the company and creation of Charge/Providing of Security; to consider the approval to deliver document through a particular mode as may be sought by the member; to consider the Employee Stock Option Scheme; and to consider the other resolutions. Ankündigung • Aug 25
We Win Limited to Report Fiscal Year 2022 Results on Sep 02, 2022 We Win Limited announced that they will report fiscal year 2022 results on Sep 02, 2022 Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 23% share price gain to ₹42.10, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 28x in the IT industry in India. Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Non-Executive Independent Director Vipin Mittal was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
