New Risk • 15h
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹9.13b market cap, or US$95.9m). Valuation Update With 7 Day Price Move • 19h
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹273, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 47% over the past three years. New Risk • Mar 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 8.2% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₹7.69b market cap, or US$83.9m). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹230, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 32% over the past three years. Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹2.83 (vs ₹4.40 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.83 (down from ₹4.40 in 3Q 2025). Revenue: ₹849.9m (up 33% from 3Q 2025). Net income: ₹94.6m (down 36% from 3Q 2025). Profit margin: 11% (down from 23% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 06
The Ruby Mills Limited to Report Q3, 2026 Results on Feb 13, 2026 The Ruby Mills Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹3.29 (vs ₹0.84 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.29 (up from ₹0.84 in 2Q 2025). Revenue: ₹875.4m (up 71% from 2Q 2025). Net income: ₹109.9m (up 293% from 2Q 2025). Profit margin: 13% (up from 5.5% 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 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 11
The Ruby Mills Limited to Report Q2, 2026 Results on Nov 13, 2025 The Ruby Mills Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Declared Dividend • Aug 23
Dividend of ₹1.75 announced Dividend of ₹1.75 is the same as last year. Ex-date: 4th September 2025 Payment date: 9th October 2025 Dividend yield will be 0.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Aug 22
The Ruby Mills Limited announces Annual dividend, payable on October 09, 2025 The Ruby Mills Limited announced Annual dividend of INR 1.7500 per share payable on October 09, 2025, ex-date on September 04, 2025 and record date on September 04, 2025. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹3.61 (vs ₹2.63 in 1Q 2025) First quarter 2026 results: EPS: ₹3.61 (up from ₹2.63 in 1Q 2025). Revenue: ₹695.7m (up 48% from 1Q 2025). Net income: ₹120.6m (up 37% from 1Q 2025). Profit margin: 17% (down from 19% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Aug 09
The Ruby Mills Limited to Report Q1, 2026 Results on Aug 14, 2025 The Ruby Mills Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Ankündigung • May 21
The Ruby Mills Limited to Report Q4, 2025 Results on May 26, 2025 The Ruby Mills Limited announced that they will report Q4, 2025 results at 4:00 PM, Indian Standard Time on May 26, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹211, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 32% over the past three years. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹4.40 (vs ₹3.32 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.40 (up from ₹3.32 in 3Q 2024). Revenue: ₹720.6m (up 27% from 3Q 2024). Net income: ₹147.0m (up 33% from 3Q 2024). Profit margin: 20% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 10
The Ruby Mills Limited to Report Q3, 2025 Results on Feb 13, 2025 The Ruby Mills Limited announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Jan 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.35b (US$97.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹8.35b market cap, or US$97.5m). Ankündigung • Nov 29
The Ruby Mills Limited Approves Appointment of Gurudas Vishwas Aras as Non-Executive Independent Director The Ruby Mills Limited approved appointment of Gurudas Vishwas Aras as Non-Executive Independent Director, through postal ballot process. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹288, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 127% over the past three years. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹0.84 (vs ₹2.41 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.84 (down from ₹2.41 in 2Q 2024). Revenue: ₹537.3m (up 1.1% from 2Q 2024). Net income: ₹28.0m (down 65% from 2Q 2024). Profit margin: 5.2% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 16% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Nov 09
The Ruby Mills Limited to Report Q2, 2025 Results on Nov 13, 2024 The Ruby Mills Limited announced that they will report Q2, 2025 results on Nov 13, 2024 New Risk • Oct 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹7.99b (US$95.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹7.99b market cap, or US$95.0m). Ankündigung • Sep 24
The Ruby Mills Limited Approves the Final Dividend for the Financial Year Ended March 31, 2024 The Ruby Mills Limited approved the final dividend of INR 1.75 (35%) per fully paid-up Equity Shares having face value INR 5 for the Financial Year ended 31st March, 2024, at the AGM held on September 20, 2024. Declared Dividend • Sep 02
Dividend increased to ₹1.75 Dividend of ₹1.75 is 40% higher than last year. Ex-date: 13th September 2024 Payment date: 20th October 2024 Dividend yield will be 0.6%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Aug 30
The Ruby Mills Limited, Annual General Meeting, Sep 20, 2024 The Ruby Mills Limited, Annual General Meeting, Sep 20, 2024, at 16:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹270, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 103% over the past three years. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹2.63 (vs ₹2.20 in 1Q 2024) First quarter 2025 results: EPS: ₹2.63 (up from ₹2.20 in 1Q 2024). Revenue: ₹501.8m (down 6.8% from 1Q 2024). Net income: ₹88.0m (up 20% from 1Q 2024). Profit margin: 18% (up from 14% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 08
The Ruby Mills Limited to Report Q1, 2025 Results on Aug 12, 2024 The Ruby Mills Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Reported Earnings • May 22
Full year 2024 earnings released: EPS: ₹13.32 (vs ₹10.53 in FY 2023) Full year 2024 results: EPS: ₹13.32 (up from ₹10.53 in FY 2023). Revenue: ₹2.50b (down 3.6% from FY 2023). Net income: ₹445.4m (up 26% from FY 2023). Profit margin: 18% (up from 14% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 17
Now 20% overvalued Over the last 90 days, the stock has fallen 9.4% to ₹212. The fair value is estimated to be ₹176, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 17%. Buy Or Sell Opportunity • Mar 01
Now 21% overvalued Over the last 90 days, the stock has fallen 1.6% to ₹218. The fair value is estimated to be ₹180, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 17%. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹3.32 (vs ₹2.03 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.32 (up from ₹2.03 in 3Q 2023). Revenue: ₹590.7m (flat on 3Q 2023). Net income: ₹110.9m (up 63% from 3Q 2023). Profit margin: 19% (up from 12% in 3Q 2023). 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 38% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Nov 07
S.N Kunchal Tenders His Resignation as the Chief Operating Officer of The Ruby Mills Limited The Ruby Mills Limited announced that Mr. S.N Kunchal has tendered his resignation as the Chief Operating Officer of the Company effective from the close of business hours on 4th November, 2023. Reported Earnings • Nov 05
Second quarter 2024 earnings released: EPS: ₹5.18 (vs ₹2.28 in 2Q 2023) Second quarter 2024 results: EPS: ₹5.18 (up from ₹2.28 in 2Q 2023). Revenue: ₹564.3m (down 7.3% from 2Q 2023). Net income: ₹80.7m (up 5.8% from 2Q 2023). Profit margin: 14% (up from 13% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 29
The Ruby Mills Limited to Report Q2, 2024 Results on Nov 04, 2023 The Ruby Mills Limited announced that they will report Q2, 2024 results at 4:00 PM, Indian Standard Time on Nov 04, 2023 Upcoming Dividend • Sep 13
Upcoming dividend of ₹1.25 per share at 0.5% yield Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.5%). Ankündigung • Sep 06
The Ruby Mills Limited, Annual General Meeting, Sep 27, 2023 The Ruby Mills Limited, Annual General Meeting, Sep 27, 2023, at 16:00 Indian Standard Time. Location: The Ruby, Lobby level, 29 Senapati Bapat Marg, Dadar, Mumbai India Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2023 together with the Report of the Board of Directors and Auditors thereon; to declare the final dividend on Equity Shares for the Financial Year ended 31st March, 2023; to appoint a Director in place of Shri. Bharat Manharlal Shah who retires by rotation and being eligible for re-appointment, offers himself for re-appointment; and other business means. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹2.20 (vs ₹2.91 in 1Q 2023) First quarter 2024 results: EPS: ₹2.20 (down from ₹2.91 in 1Q 2023). Revenue: ₹563.9m (down 9.6% from 1Q 2023). Net income: ₹73.5m (down 25% from 1Q 2023). Profit margin: 13% (down from 16% in 1Q 2023). The decrease in margin was driven by lower 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 37% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 09
The Ruby Mills Limited to Report Q1, 2024 Results on Aug 14, 2023 The Ruby Mills Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹245, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 212% over the past three years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹227, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 169% over the past three years. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹10.53 (vs ₹9.28 in FY 2022) Full year 2023 results: EPS: ₹10.53 (up from ₹9.28 in FY 2022). Revenue: ₹2.65b (up 33% from FY 2022). Net income: ₹352.3m (up 14% from FY 2022). Profit margin: 13% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. 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. Ankündigung • May 31
The Ruby Mills Limited Recommends Final Dividend for the Financial Year 2022-23 The Ruby Mills Limited at its board meeting held on May 30, 2023 recommended the final dividend of 25% that is INR 1.25 per fully paid up equity share (face value of INR 5 per equity share) for the financial year 2022-23, subject to approval by shareholders of the Company at the upcoming Annual General Meeting (AGM). The Company will inform in due course the date on which dividend will be paid or warrants thereof will be dispatched to the shareholders. Ankündigung • May 25
The Ruby Mills Limited to Report Q4, 2023 Results on May 30, 2023 The Ruby Mills Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹190, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 179% over the past three years. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. Additional Non-Executive Independent Director Rahul Divan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹2.03 (vs ₹1.97 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.03 (up from ₹1.97 in 3Q 2022). Revenue: ₹611.1m (up 4.2% from 3Q 2022). Net income: ₹68.0m (up 3.5% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 07
The Ruby Mills Limited to Report Q3, 2023 Results on Feb 13, 2023 The Ruby Mills Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: ₹2.28 (vs ₹1.22 in 2Q 2022) Second quarter 2023 results: EPS: ₹2.28 (up from ₹1.22 in 2Q 2022). Revenue: ₹621.0m (up 36% from 2Q 2022). Net income: ₹76.3m (up 88% from 2Q 2022). Profit margin: 12% (up from 8.9% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 32% per year. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹235, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 180% over the past three years. Buying Opportunity • Sep 15
Now 21% undervalued Over the last 90 days, the stock is up 88%. The fair value is estimated to be ₹867, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 29%. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 25% share price gain to ₹589, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 223% over the past three years. Upcoming Dividend • Aug 17
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 23 October 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.7%). In line with average of industry peers (0.5%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹5.82 (vs ₹0.36 in 1Q 2022) First quarter 2023 results: EPS: ₹5.82 (up from ₹0.36 in 1Q 2022). Revenue: ₹626.3m (up 138% from 1Q 2022). Net income: ₹97.3m (up ₹91.2m from 1Q 2022). Profit margin: 16% (up from 2.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹449, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 189% over the past three years. Reported Earnings • Jun 05
Full year 2022 earnings released: EPS: ₹18.57 (vs ₹15.46 in FY 2021) Full year 2022 results: EPS: ₹18.57 (up from ₹15.46 in FY 2021). Revenue: ₹1.99b (up 61% from FY 2021). Net income: ₹310.5m (up 20% from FY 2021). Profit margin: 16% (down from 21% in FY 2021). 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 whereas the company’s share price has increased by 19% per year. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹3.93 (down from ₹4.52 in 3Q 2021). Revenue: ₹587.1m (up 30% from 3Q 2021). Net income: ₹65.7m (down 13% from 3Q 2021). Profit margin: 11% (down from 17% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year. Upcoming Dividend • Sep 10
Upcoming dividend of ₹0.75 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 28 October 2021. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.4%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹0.36 (vs ₹0.26 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹266.7m (up 198% from 1Q 2021). Net income: ₹6.09m (up ₹10.5m from 1Q 2021). Profit margin: 2.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 21% share price gain to ₹329, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 22x in the Luxury industry in India. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 18% share price gain to ₹286, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 20x in the Luxury industry in India. Total loss to shareholders of 3.1% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹15.46 (vs ₹16.56 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: ₹1.23b (down 33% from FY 2020). Net income: ₹258.5m (down 6.7% from FY 2020). Profit margin: 21% (up from 15% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improved over the past week After last week's 24% share price gain to ₹244, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 18% share price gain to ₹190, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 49% over the past three years. Executive Departure • Mar 19
Non-Executive Non-Independent Director has left the company On the 16th of March, Aruna Shah's tenure as Non-Executive Non-Independent Director ended after 33.5 years in the role. As of December 2020, Aruna personally held 1.33m shares (₹263m worth at the time). A total of 3 executives have left over the last 12 months. Is New 90 Day High Low • Feb 26
New 90-day low: ₹179 The company is down 4.0% from its price of ₹187 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 14% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹4.52 (vs ₹5.14 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹457.3m (up 2.1% from 3Q 2020). Net income: ₹75.7m (down 12% from 3Q 2020). Profit margin: 17% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₹216, the stock is trading at a trailing P/E ratio of 20.4x, up from the previous P/E ratio of 17.6x. This compares to an average P/E of 19x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 36%.