Reported Earnings • May 30
Full year 2026 earnings released: EPS: ₹0.03 (vs ₹0.058 in FY 2025) Full year 2026 results: EPS: ₹0.03 (down from ₹0.058 in FY 2025). Revenue: ₹838.7m (down 9.4% from FY 2025). Net income: ₹470.0k (down 52% from FY 2025). Profit margin: 0.1% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Ankündigung • May 22
Gujarat Hy-Spin Limited to Report Q4, 2026 Results on May 29, 2026 Gujarat Hy-Spin Limited announced that they will report Q4, 2026 results on May 29, 2026 Buy Or Sell Opportunity • Apr 16
Now 22% overvalued Over the last 90 days, the stock has fallen 49% to ₹7.19. The fair value is estimated to be ₹5.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 42%. New Risk • Mar 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 2.7% per year over the past 5 years. Market cap is less than US$10m (₹111.4m market cap, or US$1.19m). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Profit margins are more than 30% lower than last year (0.1% net profit margin). Buy Or Sell Opportunity • Mar 05
Now 27% overvalued Over the last 90 days, the stock has fallen 58% to ₹7.56. The fair value is estimated to be ₹5.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 54%. Board Change • Jan 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Independent Director Mahendra Ghodasara was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 07
Gujarat Hy-Spin Limited to Report First Half, 2026 Results on Nov 12, 2025 Gujarat Hy-Spin Limited announced that they will report first half, 2026 results on Nov 12, 2025 Ankündigung • Sep 11
Gujarat Hy-Spin Limited announced that it expects to receive INR 240 million in funding Gujarat Hy-Spin Limited announced a private placement to issue 6,000,000 equity shares at an issue price of INR 40 for the proceeds of INR 240,000,000 on September 11, 2025. The involves participation of Seema Manish Nuwal for 900,000 equity share, Sachin Naresh Jain for 700,000 share, Naresh Saqarmal Jain for 700,000 share, Haresh V Joisher for 700,000 and other investors. The transaction is approved by board of directors and still subject to shareholder and regulatory approval. Board Change • Sep 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Independent Director Mahendra Ghodasara was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 08
Full year 2025 earnings released: EPS: ₹0.058 (vs ₹0.10 in FY 2024) Full year 2025 results: EPS: ₹0.058 (down from ₹0.10 in FY 2024). Revenue: ₹925.6m (flat on FY 2024). Net income: ₹972.0k (down 42% from FY 2024). Profit margin: 0.1% (down from 0.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 02
Gujarat Hy-Spin Limited, Annual General Meeting, Sep 30, 2025 Gujarat Hy-Spin Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Location: p.o.box no.22,gundala, road,gondal, dist, rajkot-360311,gujarat, rajkot India Reported Earnings • May 21
Full year 2025 earnings released: EPS: ₹0.06 (vs ₹0.10 in FY 2024) Full year 2025 results: EPS: ₹0.06 (down from ₹0.10 in FY 2024). Revenue: ₹949.6m (up 3.5% from FY 2024). Net income: ₹972.0k (down 42% from FY 2024). Profit margin: 0.1% (down from 0.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Ankündigung • May 13
Gujarat Hy-Spin Limited to Report Fiscal Year 2025 Results on May 20, 2025 Gujarat Hy-Spin Limited announced that they will report fiscal year 2025 results on May 20, 2025 New Risk • Mar 17
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 8.1% 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 Interest payments are not well covered by earnings (2.5x net interest cover). Market cap is less than US$10m (₹358.5m market cap, or US$4.12m). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Ankündigung • Nov 07
Gujarat Hy-Spin Limited to Report First Half, 2025 Results on Nov 13, 2024 Gujarat Hy-Spin Limited announced that they will report first half, 2025 results on Nov 13, 2024 Reported Earnings • Sep 09
Full year 2024 earnings released: EPS: ₹0.10 (vs ₹0.32 loss in FY 2023) Full year 2024 results: EPS: ₹0.10 (up from ₹0.32 loss in FY 2023). Revenue: ₹917.6m (up 51% from FY 2023). Net income: ₹1.68m (up ₹7.08m from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Ankündigung • Sep 02
Gujarat Hy-Spin Limited, Annual General Meeting, Sep 30, 2024 Gujarat Hy-Spin Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time. Location: p.o.box no.22,gundala, road,gondal, dist, rajkot-360311,gujarat, rajkot India Ankündigung • Jul 24
Gujarat Hy-Spin Limited Appoints Rakshit Jain as Company Secretary & Compliance Officer Gujarat Hy-Spin Limited at its Board of Directors in its meeting held on July 24, 2024 at Register office of the Company, has inter alia based on recommendation of Nomination and Remuneration Committee considered, discussed and approved the appointment of Rakshit Jain as Company Secretary & Compliance officer of the Company. New Risk • Jun 15
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (₹190.8m market cap, or US$2.28m). New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (₹180.9m market cap, or US$2.18m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Ankündigung • May 20
Gujarat Hy-Spin Limited to Report Second Half, 2024 Results on May 25, 2024 Gujarat Hy-Spin Limited announced that they will report second half, 2024 results on May 25, 2024 Board Change • May 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Non Executive & Independent Director Anil Kumar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Non Executive & Independent Director Anil Kumar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Non Executive & Independent Director Anil Kumar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 15
First half 2024 earnings released: ₹0.71 loss per share (vs ₹0.28 loss in 1H 2023) First half 2024 results: ₹0.71 loss per share (further deteriorated from ₹0.28 loss in 1H 2023). Revenue: ₹483.4m (up 80% from 1H 2023). Net loss: ₹11.9m (loss widened 155% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 139 percentage points per year, which is a significant difference in performance. Ankündigung • Nov 04
Gujarat Hy-Spin Limited to Report Q2, 2024 Results on Nov 09, 2023 Gujarat Hy-Spin Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Board Change • Oct 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Non Executive & Independent Director Anil Kumar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Sep 15
Now 28% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹14.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • Sep 03
Gujarat Hy-Spin Limited, Annual General Meeting, Sep 30, 2023 Gujarat Hy-Spin Limited, Annual General Meeting, Sep 30, 2023, at 11:00 Indian Standard Time. Location: Registered Office of the Company P. O. Box No. 22, Gundala Road, Gondal-360311, Dist. Rakjot Gujarat India Agenda: To consider and adopt the standalone audited financial statements of the Company for the year March 31, 2023; and to consider appointment of Chandubhai Sambhubhai Parvadiya Executive Director. Board Change • Jul 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Non Executive & Independent Director Anil Kumar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • May 25
Gujarat Hy-Spin Limited to Report Fiscal Year 2023 Results on May 29, 2023 Gujarat Hy-Spin Limited announced that they will report fiscal year 2023 results on May 29, 2023 Board Change • May 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Non Executive & Independent Director Anil Kumar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Non Executive & Independent Director Anil Kumar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 28
Full year 2022 earnings released: EPS: ₹0.17 (vs ₹0.066 in FY 2021) Full year 2022 results: EPS: ₹0.17 (up from ₹0.066 in FY 2021). Revenue: ₹694.5m (up 40% from FY 2021). Net income: ₹2.90m (up 161% from FY 2021). Profit margin: 0.4% (up from 0.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Sep 03
Gujarat Hy-Spin Limited, Annual General Meeting, Sep 30, 2022 Gujarat Hy-Spin Limited, Annual General Meeting, Sep 30, 2022, at 11:00 Indian Standard Time. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹0.17 (vs ₹0.066 in FY 2021) Full year 2022 results: EPS: ₹0.17 (up from ₹0.066 in FY 2021). Revenue: ₹713.1m (up 43% from FY 2021). Net income: ₹2.90m (up 161% from FY 2021). Profit margin: 0.4% (up from 0.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Board Change • May 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Non Executive & Independent Director Anil Kumar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • May 20
Gujarat Hy-Spin Limited to Report Second Half, 2022 Results on May 28, 2022 Gujarat Hy-Spin Limited announced that they will report second half, 2022 results on May 28, 2022 Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Non Executive & Independent Director Anil Kumar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non Executive & Independent Director Anil Kumar 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. Board Change • Feb 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non Executive & Independent Director Anil Kumar 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. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₹8.92, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 78% over the past three years. Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non Executive & Independent Director Anil Kumar 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. Reported Earnings • Jun 25
Full year 2021 earnings released: EPS ₹0.07 (vs ₹0.14 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹497.7m (up 5.0% from FY 2020). Net income: ₹1.11m (down 51% from FY 2020). Profit margin: 0.2% (down from 0.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 05
New 90-day high: ₹8.35 The company is up 63% from its price of ₹5.13 on 04 November 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ₹6.65 The company is up 39% from its price of ₹4.80 on 12 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ₹6.50 The company is up 86% from its price of ₹3.50 on 18 September 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: ₹5.60 The company is up 91% from its price of ₹2.93 on 03 September 2020. The Indian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 20% share price gain to ₹4.80, the stock is trading at a trailing P/E ratio of 35.5x, up from the previous P/E ratio of 29.6x. This compares to an average P/E of 14x in the Luxury industry in India. Total returns to shareholders over the past year are 23%. 
