Ankündigung • Aug 15
EFC (I) Limited (BSE:512008) entered into a Share Acquisition Agreement to acquire Ultrafresh Modular Solutions Limited from TTK Prestige Limited (BSE:517506) for INR 540 million. EFC (I) Limited (BSE:512008) entered into a Share Acquisition Agreement to acquire Ultrafresh Modular Solutions Limited from TTK Prestige Limited (BSE:517506) for INR 540 million on August 13, 2026. The consideration will be discharged entirely through a share swap. The sellers include TTK Prestige Limited, which is divesting its controlling 51% stake for a consideration of INR 275.4 million in shares. The acquisition is a strategic expansion for EFC's furniture and Design & Build vertical, combining its capabilities with Ultrafresh's manufacturing facility in North India.
For the period ending March 31, 2026, Ultrafresh Modular Solutions Limited reported total revenue of INR 363.2 million. As of March 31, 2026, Ultrafresh Modular Solutions Limited reported net liabilities of INR 166.6 million.
The transaction is subject to approval of offer by acquirer shareholders and listing / approval of new shares on stock exchange. The expected completion of the transaction is on or before October 31, 2026. Reported Earnings • Jul 14
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹11.73 (up from ₹8.17 in FY 2025). Revenue: ₹29.8b (up 9.5% from FY 2025). Net income: ₹1.61b (up 43% from FY 2025). Profit margin: 5.4% (up from 4.1% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Declared Dividend • Jun 20
Dividend increased to ₹7.50 Dividend of ₹7.50 is 25% higher than last year. Ex-date: 29th July 2026 Payment date: 3rd September 2026 Dividend yield will be 1.4%, which is higher than the industry average of 0.5%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 84% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Jun 18
TTK Prestige Limited to Report Q1, 2027 Results on Jul 28, 2026 TTK Prestige Limited announced that they will report Q1, 2027 results on Jul 28, 2026 Price Target Changed • Jun 03
Price target decreased by 7.2% to ₹598 Down from ₹644, the current price target is an average from 9 analysts. New target price is 9.9% above last closing price of ₹544. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₹15.24 for next year compared to ₹11.73 last year. Reported Earnings • May 23
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹11.73 (up from ₹8.17 in FY 2025). Revenue: ₹30.4b (up 12% from FY 2025). Net income: ₹1.61b (up 43% from FY 2025). Profit margin: 5.3% (up from 4.1% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Ankündigung • May 23
TTK Prestige Limited Recommends Dividend for the Financial Year 2025-26 TTK Prestige Limited announced that at the board meeting held on May 22, 2026, The Board has recommended a dividend of INR 7.50 per share i.e. 750% for the financial year 2025-26 which shall be paid within 30 days from the date of AGM, subject to the approval of the shareholders at the upcoming 70th Annual General Meeting of the Company. Ankündigung • May 22
TTK Prestige Limited, Annual General Meeting, Aug 04, 2026 TTK Prestige Limited, Annual General Meeting, Aug 04, 2026. Ankündigung • Mar 23
TTK Prestige Limited to Report Q4, 2026 Results on May 22, 2026 TTK Prestige Limited announced that they will report Q4, 2026 results on May 22, 2026 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹484, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 30x in the Consumer Durables industry in India. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹253 per share. Board Change • Feb 12
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Girish Rao was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Dec 22
TTK Prestige Limited to Report Q3, 2026 Results on Jan 29, 2026 TTK Prestige Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Ankündigung • Dec 20
TTK Prestige Limited Announces Resignation of Ramasubramaniam as Chief Information Technology Officer, Effective December 19, 2025 TTK Prestige Limited announced that Mr. Ramasubramaniam R, Chief Information Technology Officer (Senior Management Personnel), has resigned from the services of the Company, effective from close of business hours of December 19, 2025, on account of personal reasons/commitments. The detailed disclosure as required under Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is provided in Annexure A to this letter and a copy of resignation letter is enclosed as Annexure B. Manjula K V, the Company Secretary & Compliance Officer, is responsible for communicating the resignation and ensuring compliance with regulatory requirements. The reason for the change is the appointment, resignation on account of personal reasons or commitments, removal, death, or otherwise, as applicable. The date of appointment or cessation, and the term of appointment, is with effect from the close of business hours on December 19, 2025. Ankündigung • Sep 25
TTK Prestige Limited to Report First Half, 2026 Results on Oct 28, 2025 TTK Prestige Limited announced that they will report first half, 2026 results on Oct 28, 2025 Ankündigung • Sep 16
TTK Prestige Limited Announces Tamilselvan Sankaralingam, Chief Technology Officer Is Designated as Senior Management Personnel from September 16, 2025 TTK Prestige Limited informed that Mr. Tamilselvan Sankaralingam, Chief Technology Officer is designated as Senior Management Personnel from September 16, 2025. He Joined on September 15, 2025. Mr. Tamilselvan has completed his Executive MBA from Rotterdam School of Management, Netherlands; Joint Master of Technological Design from National university of Singapore and Eindhoven University of Technology. He holds a Bachelor of Engineering (Gold medallist) from Sri Venkateswara College of Engineering, University of Madras. Prior to joining us, Mr. Sankaralingam was working with Philips Global Business Services LLP as the Director for Sustaining Engineering for Image-guided therapy business, based at Pune. He has been with Philips since 2004 and has spent more than 2 decades in several leadership roles in Singapore, Netherlands and India in R&D (Innovation), Consumer Marketing, Project and Program management. He has led several winning propositions in the personal health space (High end steam irons, Automatic coffee machines, Premium shavers and Sonicare toothbrush), as part of his role in Consumer marketing. As a Venture leader for Women's health start-up initiative in Phillips, he successfully built a scalable proposition acquiring a digital company to help women with preconception challenges. He has also been instrumental in setting up Global Capability Centers in India (Pune) leading an engineering team of 150+ in sustaining LCM engineering activities for the most advanced Image guided therapy solutions. Declared Dividend • Jul 18
Dividend of ₹6.00 announced Dividend of ₹6.00 is the same as last year. Ex-date: 1st August 2025 Payment date: 6th September 2025 Dividend yield will be 0.9%, which is higher than the industry average of 0.5%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 118% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 16
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹8.17 (down from ₹16.48 in FY 2024). Revenue: ₹27.1b (up 1.4% from FY 2024). Net income: ₹1.12b (down 51% from FY 2024). Profit margin: 4.1% (down from 8.5% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 21% 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. Ankündigung • Jun 27
TTK Prestige Limited to Report Q1, 2026 Results on Jul 28, 2025 TTK Prestige Limited announced that they will report Q1, 2026 results on Jul 28, 2025 Reported Earnings • May 28
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹8.17 (down from ₹16.48 in FY 2024). Revenue: ₹27.9b (up 4.2% from FY 2024). Net income: ₹1.12b (down 51% from FY 2024). Profit margin: 4.0% (down from 8.5% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 21% 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. Ankündigung • May 27
TTK Prestige Limited, Annual General Meeting, Aug 07, 2025 TTK Prestige Limited, Annual General Meeting, Aug 07, 2025. Ankündigung • Mar 26
TTK Prestige Limited to Report Q4, 2025 Results on May 27, 2025 TTK Prestige Limited announced that they will report Q4, 2025 results on May 27, 2025 Ankündigung • Mar 24
TTK Prestige Limited Announces Management Changes The Board, at their meeting held on March 24, 2025, transacted, inter alia, the following items of business: Change in Management/Promoter succession on the Board Mr. T T Jagannathan - Non-Executive Chairman & Director of the Company having served for 50 years on the Board, in various capacities as Managing Director, Executive Chairman and Non-executive Chairman of the Company has decided to step down from his office with effect from the closing hours of March 24, 2025 to facilitate Promoter Succession on the Board. This succession has been unanimously approved by the Board. Under his leadership, the Company has stood its ground through various challenges, intense competition and reached the market cap beyond one billion dollars. The Board placed on record its deep appreciation for the massive contributions made by Mr. T T Jagannathan during his association with the Company. Further, based on the enormous contribution of 50 years made by him guiding the Company into a new age in his own distinctive style, the Board conferred him the honorary title of "Chairman Emeritus". As desired by the Board, Mr. Jagannathan will continue to be on the Board as Non-Executive Director and advise on matters of strategy and growth. Mr. T T Raghunathan who is currently Vice-Chairman & Non-Executive Director of the Company will succeed Mr. T. T Jagannathan as Non-Executive Chairman of the Company with effect from March 25, 2025. Dr. Mukund T T, who is currently the Non-Executive Director of the Company will be Non- Executive Vice Chairman of the Company with effect from March 25, 2025. Mr. T T Raghunathan is a Commerce graduate and has vast industrial experience and has been actively involved in the Management of various Companies of the TTK Group. He has been on the Board of TTK Prestige Limited since 1995. Dr. T. T Mukund is a Reader, National Centre for Biological Services, Bangalore. He has an illustrious academic and research background. He graduated from Cornell University, USA and did Ph. D (Physics) at Massachusetts Institute of Technology, Cambridge, USA. He has been awarded The Infosys Prize 2023 in Physical Sciences, in recognition of his ground-breaking contributions to evolutionary cell biology. He has been on the Board of TTK Prestige Limited since 2015. Ankündigung • Mar 18
TTK Prestige Limited Approves Board Changes TTK Prestige Limited announced that through postal ballot following items of the business by way of Special Resolutions were approved, Appointment of Mr. Prabhakar Jain (DIN: 02017091), as an Independent Director of the Company. Appointment of Mr. Girish Rao (DIN: 00073937), as an Independent Director of the Company. Reported Earnings • Jan 29
Third quarter 2025 earnings released: EPS: ₹4.27 (vs ₹4.51 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.27 (down from ₹4.51 in 3Q 2024). Revenue: ₹7.27b (down 1.5% from 3Q 2024). Net income: ₹584.5m (down 6.5% from 3Q 2024). Profit margin: 8.0% (down from 8.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Ankündigung • Dec 23
TTK Prestige Limited to Report Q3, 2025 Results on Jan 28, 2025 TTK Prestige Limited announced that they will report Q3, 2025 results on Jan 28, 2025 Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: ₹3.82 (vs ₹4.28 in 2Q 2024) Second quarter 2025 results: EPS: ₹3.82 (down from ₹4.28 in 2Q 2024). Revenue: ₹7.70b (up 5.5% from 2Q 2024). Net income: ₹528.7m (down 11% from 2Q 2024). Profit margin: 6.9% (down from 8.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Ankündigung • Sep 24
TTK Prestige Limited to Report Q2, 2025 Results on Oct 30, 2024 TTK Prestige Limited announced that they will report Q2, 2025 results on Oct 30, 2024 Recent Insider Transactions • Sep 12
Non-Executive Chairman recently sold ₹54m worth of stock On the 3rd of September, T. Jagannathan sold around 45k shares on-market at roughly ₹1,200 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was T.'s only on-market trade for the last 12 months. Ankündigung • Aug 22
TTK Prestige Limited Announces Board Changes TTK Prestige Limited announced that at the AGM held on August 21, 2024, approved Appointment of Mr. Venkatesh Vijayaraghavan (DIN No. 08129890) as Director of the Company. Appointment of Mr. Saranyan Rajagopalan (DIN No. 06480857) as Whole-time Director of the Company. Upcoming Dividend • Aug 07
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 14 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.4%). Ankündigung • Aug 03
TTK Prestige Limited (BSE:517506) announces an Equity Buyback for 1,666,667 shares, representing 1.2% for INR 2,000 million. TTK Prestige Limited (BSE:517506) announces a share repurchase program. Under the program, the company will repurchase up to 1,666,667 fully paid-up equity shares, representing 1.20% of its issued share capital. The shares will be purchased at a price of INR 1,200 per share, for a total of INR 2,000 million. The company has fixed the record date for the buyback as August 14, 2024. As of July 26, 2024, the company has 13,86,14,020 equity shares in issue. Price Target Changed • Jul 29
Price target increased by 9.8% to ₹896 Up from ₹816, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹905. Stock is up 15% over the past year. The company is forecast to post earnings per share of ₹19.06 for next year compared to ₹16.48 last year. Reported Earnings • Jul 27
First quarter 2025 earnings released: EPS: ₹3.01 (vs ₹3.46 in 1Q 2024) First quarter 2025 results: EPS: ₹3.01 (down from ₹3.46 in 1Q 2024). Revenue: ₹6.09b (up 3.7% from 1Q 2024). Net income: ₹417.5m (down 13% from 1Q 2024). Profit margin: 6.9% (down from 8.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Ankündigung • Jul 04
TTK Prestige Limited to Report Q1, 2025 Results on Jul 26, 2024 TTK Prestige Limited announced that they will report Q1, 2025 results on Jul 26, 2024 Reported Earnings • May 29
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: ₹16.48 (down from ₹18.34 in FY 2023). Revenue: ₹27.5b (flat on FY 2023). Net income: ₹2.28b (down 10% from FY 2023). Profit margin: 8.3% (down from 9.2% in FY 2023). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. Ankündigung • Apr 30
TTK Prestige Limited Approves Appointment of Ms. Akila Krishnakumar as an Independent Director TTK Prestige Limited approved Appointment of Ms. Akila Krishnakumar (DIN: 06629992), as an Independent Director of the Company. Ankündigung • Mar 26
TTK Prestige Limited to Report Fiscal Year 2024 Results on May 28, 2024 TTK Prestige Limited announced that they will report fiscal year 2024 results on May 28, 2024 Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹4.51 (vs ₹4.15 in 3Q 2023) Third quarter 2024 results: EPS: ₹4.51 (up from ₹4.15 in 3Q 2023). Revenue: ₹7.38b (up 6.3% from 3Q 2023). Net income: ₹624.8m (up 8.5% from 3Q 2023). Profit margin: 8.5% (up from 8.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Ankündigung • Dec 26
TTK Prestige Limited to Report Q3, 2024 Results on Feb 06, 2024 TTK Prestige Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: ₹4.28 (vs ₹6.05 in 2Q 2023) Second quarter 2024 results: EPS: ₹4.28 (down from ₹6.05 in 2Q 2023). Revenue: ₹7.47b (down 11% from 2Q 2023). Net income: ₹592.7m (down 29% from 2Q 2023). Profit margin: 7.9% (down from 10.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Ankündigung • Oct 27
TTK Prestige Limited Announces Change in Management TTK Prestige Limited announced that Board of Directors at their meeting held on October 27, 2023, approved that Mr. K. Shankaran Wholetime Director and Secretary has relinquished the post of Company Secretary and Compliance Officer of the Company with effect from the closure of business hours of October 31, 2023 but will continue to hold the office of Wholetime Director. The Board, pursuant to the recommendations of Nomination & Remuneration Committee has also extended his current term as Whole time Director (which is expiring on March 31, 2023) till the conclusion of the next Annual General Meeting to be held in the year 2024 subject to the approval of the Shareholders. The company also approved appointment of Mrs. K V Manjula (ACS: 52355) as Company Secretary (Key Managerial Personnel) of the Company, with effect from November 01, 2023, pursuant to the recommendations of Nomination & Remuneration Committee. Mrs. K V Manjula is currently the Assistant Company Secretary and Deputy Nodal Officer of TTK Prestige Limited. She holds a post graduate degree in Commerce and has been qualified as Company Secretary in 2017 (Membership No ACS 52355). She also holds a Post Graduate Diploma in Financial Management from the Indira Gandhi National Open University (IGNOU). Ankündigung • Sep 28
TTK Prestige Limited to Report Q2, 2024 Results on Oct 27, 2023 TTK Prestige Limited announced that they will report Q2, 2024 results on Oct 27, 2023 Ankündigung • Sep 02
TTK Prestige Limited Announces Retirement of Dinesh Garg as Executive V.P. Sales & Marketing - Appliances TTK Prestige Limited announced retirement of Dinesh Garg as Executive V.P. Sales & Marketing - Appliances. Date of cessation is August 31, 2023. Ankündigung • Jul 29
TTK Prestige Limited to Report Q1, 2024 Results on Aug 11, 2023 TTK Prestige Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Ankündigung • Jul 22
TTK Prestige Limited Announces Resumption of Production At Roorkee Plant After Floods TTK Prestige Limited announced the resumption of production at Roorkee plant after floods. Further to letter dated July 14, 2023, please take on record the following: Normal manufacturing operations have been resumed from 18 July 2023; The estimated loss of movables is a little over INR 4 million have been lodged for the same. Further, the entire area is under red alert for the next 2 days and will keep updating the stock exchanges on further developments. Ankündigung • Jul 15
TTK Prestige Limited Announces Disruption of Operations At Roorkee Plant Due to Natural Calamity (Floods) TTK Prestige Limited announced that Due to heavy rain and floods, operations at manufacturing unit at Roorkee, Uttarakhand have been disrupted and expected loss of production for about 4 days. Currently steps are in place to resume production by 18th July 2023. The loss to any assets are being estimated but these are all covered by adequate insurance. As the Company has sufficient capacities at other Units, the impact is not expected to be material. The company provide further updates on resumption of production. Upcoming Dividend • Jul 14
Upcoming dividend of ₹6.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 21 July 2023. Payment date: 26 August 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 08
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹18.34 (down from ₹21.99 in FY 2022). Revenue: ₹27.8b (up 2.0% from FY 2022). Net income: ₹2.54b (down 17% from FY 2022). Profit margin: 9.2% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 5.7%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 06
TKT Prestige Limited Proposes Dividend for the Financial Year Ended March 31, 2023 TTK Prestige Limited at its AGM to be held on July 27, 2023, proposed to declare a dividend of INR 6.00 per equity share of Face Value of INR 1.00 each for the financial year ended March 31, 2023. Price Target Changed • May 30
Price target decreased by 8.0% to ₹831 Down from ₹904, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ₹692. Stock is down 17% over the past year. The company is forecast to post earnings per share of ₹21.05 for next year compared to ₹18.34 last year. Reported Earnings • May 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹18.34 (down from ₹21.99 in FY 2022). Revenue: ₹28.2b (up 3.7% from FY 2022). Net income: ₹2.54b (down 17% from FY 2022). Profit margin: 9.0% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 5.7%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 02
Price target decreased by 8.0% to ₹963 Down from ₹1,047, the current price target is an average from 7 analysts. New target price is 27% above last closing price of ₹758. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₹19.86 for next year compared to ₹21.99 last year. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: ₹4.15 (vs ₹6.54 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.15 (down from ₹6.54 in 3Q 2022). Revenue: ₹6.95b (down 9.2% from 3Q 2022). Net income: ₹575.8m (down 37% from 3Q 2022). Profit margin: 8.3% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 7 highly experienced directors. Non-Executive Independent Director Dhruv Moondhra 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 • Nov 05
Second quarter 2023 earnings released: EPS: ₹6.05 (vs ₹7.47 in 2Q 2022) Second quarter 2023 results: EPS: ₹6.05 (down from ₹7.47 in 2Q 2022). Revenue: ₹8.42b (down 1.9% from 2Q 2022). Net income: ₹838.5m (down 19% from 2Q 2022). Profit margin: 10.0% (down from 12% in 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 14
Upcoming dividend of ₹3.50 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 28 August 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 07
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹21.99 (up from ₹17.52 in FY 2021). Revenue: ₹27.2b (up 24% from FY 2021). Net income: ₹3.05b (up 26% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 14%, compared to a 28% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 05
TTK Prestige Limited to Report Q3, 2023 Results on Feb 15, 2023 TTK Prestige Limited announced that they will report Q3, 2023 results on Feb 15, 2023 Reported Earnings • May 30
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹21.99 (up from ₹17.52 in FY 2021). Revenue: ₹27.6b (up 26% from FY 2021). Net income: ₹3.05b (up 26% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 9.0%, compared to a 27% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 7 highly experienced directors. Non-Executive Independent Director Dhruv Moondhra was the last 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: Insufficient board refreshment. Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: ₹6.54 (up from ₹6.49 in 3Q 2021). Revenue: ₹7.71b (up 6.2% from 3Q 2021). Net income: ₹907.0m (flat on 3Q 2021). Profit margin: 12% (in line with 3Q 2021). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 13%. Over the next year, revenue is forecast to grow 8.9%, compared to a 27% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment deteriorated over the past week After last week's 88% share price decline to ₹1,173, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 48x in the Consumer Durables industry in India. Total loss to shareholders of 82% over the past three years.