New Risk • Aug 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹87m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹87m free cash flow). Earnings have declined by 35% per year over the past 5 years. Revenue is less than US$1m (₹55m revenue, or US$582k). Market cap is less than US$10m (₹175.5m market cap, or US$1.84m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Reported Earnings • Aug 13
First quarter 2027 earnings released: EPS: ₹0.78 (vs ₹0.33 in 1Q 2026) First quarter 2027 results: EPS: ₹0.78 (up from ₹0.33 in 1Q 2026). Revenue: ₹24.4m (up 198% from 1Q 2026). Net income: ₹5.75m (up 134% from 1Q 2026). Profit margin: 24% (down from 30% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Ankündigung • Aug 03
Step Two Corporation Limited to Report Q1, 2027 Results on Aug 11, 2026 Step Two Corporation Limited announced that they will report Q1, 2027 results at 3:30 PM, Indian Standard Time on Aug 11, 2026 New Risk • Jul 15
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 7.7% 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 30% per year over the past 5 years. Revenue is less than US$1m (₹39m revenue, or US$408k). Market cap is less than US$10m (₹162.4m market cap, or US$1.69m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Ankündigung • May 13
Step Two Corporation Limited to Report Q4, 2026 Results on May 25, 2026 Step Two Corporation Limited announced that they will report Q4, 2026 results on May 25, 2026 Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹35.70, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 24x in the Diversified Financial industry in India. Total returns to shareholders of 143% over the past three years. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Company Secretary, Compliance Officer & Director Poonam Bathwal was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹31.08, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 20x in the Diversified Financial industry in India. Total returns to shareholders of 101% over the past three years. Ankündigung • Jan 30
Step Two Corporation Limited to Report Q3, 2026 Results on Feb 06, 2026 Step Two Corporation Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Ankündigung • Nov 08
Step Two Corporation Limited to Report Q2, 2026 Results on Nov 13, 2025 Step Two Corporation Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Ankündigung • Aug 22
Step Two Corporation Limited, Annual General Meeting, Sep 25, 2025 Step Two Corporation Limited, Annual General Meeting, Sep 25, 2025, at 10:00 Indian Standard Time. Location: avani signaturem, 91 a/1, park street, kolkata-700 016., kolkata India Ankündigung • Aug 06
Step Two Corporation Limited to Report Q1, 2026 Results on Aug 12, 2025 Step Two Corporation Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Ankündigung • May 20
Step Two Corporation Limited to Report Q4, 2025 Results on May 27, 2025 Step Two Corporation Limited announced that they will report Q4, 2025 results on May 27, 2025 New Risk • Apr 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 74% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Revenue is less than US$1m (₹20m revenue, or US$233k). Market cap is less than US$10m (₹316.1m market cap, or US$3.70m). New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (₹20m revenue, or US$229k). Market cap is less than US$10m (₹140.2m market cap, or US$1.61m). Ankündigung • Feb 04
Step Two Corporation Limited to Report Q3, 2025 Results on Feb 12, 2025 Step Two Corporation Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Ankündigung • Nov 05
Step Two Corporation Limited to Report Q2, 2025 Results on Nov 12, 2024 Step Two Corporation Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹35.10, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 27x in the Diversified Financial industry in India. Total returns to shareholders of 505% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹29.34, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 26x in the Diversified Financial industry in India. Total returns to shareholders of 406% over the past three years. Ankündigung • Aug 16
Step Two Corporation Limited, Annual General Meeting, Sep 24, 2024 Step Two Corporation Limited, Annual General Meeting, Sep 24, 2024, at 10:00 Indian Standard Time. Location: avani signaturem, 91 a/1, park street, kolkata-700 016., kolkata India Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹37.42, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 26x in the Diversified Financial industry in India. Total returns to shareholders of 487% over the past three years. Ankündigung • Aug 02
Step Two Corporation Limited to Report Q1, 2025 Results on Aug 09, 2024 Step Two Corporation Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 09, 2024 Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹45.13, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 25x in the Diversified Financial industry in India. Total returns to shareholders of 675% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹40.00, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 24x in the Diversified Financial industry in India. Total returns to shareholders of 586% over the past three years. Ankündigung • Feb 13
Step Two Corporation Limited Announces CFO Changes Step Two Corporation Limited announced the appointment of Mr. Jasvinder Singh as the Chief Financial Officer of the company as then CFO, Mr. Basant Kumar Agarwal was struck down with paralysis and was unable to performinghis duties to the best of his abilities. Mr. Basant Kumar Agarwal (PAN: ACTPA4086D) has conveyed on February 13, 2024, his decision to resign due to medical reasons from his current position as Chief Financial Officer of the company with effect from the close of business hours of 13th February, 2024. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹21.27, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 25x in the Diversified Financial industry in India. Total returns to shareholders of 353% over the past three years. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹22.05, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 26x in the Diversified Financial industry in India. Total returns to shareholders of 154% over the past three years. Ankündigung • Sep 19
Step Two Corporation Limited Announces Board Appointments Step Two Corporation Limited at its AGM held on September 18, 2023 approved appointment of Laxmi Kant Jajodia, Anup Chattopadhyay and Poonam Bathwal as Ordinary Director. Ankündigung • Aug 18
Step Two Corporation Limited, Annual General Meeting, Sep 18, 2023 Step Two Corporation Limited, Annual General Meeting, Sep 18, 2023. Location: "Avani Signature" 91A/1 Park Street Kolkata India New Risk • Aug 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (22% accrual ratio). Revenue is less than US$1m (₹12m revenue, or US$142k). Market cap is less than US$10m (₹69.1m market cap, or US$834.6k). Ankündigung • Aug 01
Step Two Corporation Limited to Report Q1, 2024 Results on Aug 08, 2023 Step Two Corporation Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹14.29, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 24x in the Diversified Financial industry in India. Total returns to shareholders of 151% over the past three years. Ankündigung • May 19
Step Two Corporation Limited to Report Q4, 2023 Results on May 26, 2023 Step Two Corporation Limited announced that they will report Q4, 2023 results on May 26, 2023 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹17.48, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 20x in the Diversified Financial industry in India. Total returns to shareholders of 162% over the past three years. Ankündigung • Feb 01
Step Two Corporation Limited to Report Q3, 2023 Results on Feb 08, 2023 Step Two Corporation Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹17.35, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 21x in the Diversified Financial industry in India. Total returns to shareholders of 91% over the past three years. Ankündigung • Jan 17
Step Two Corporation Limited Announces Change in Directorate Step Two Corporation Limited inform that the Board of Directors at its meeting held on 16.01.2023, based on the recommendation of the Nomination and Remuneration Committee, has approved to appoint Mr.Anuj Agarwal(D1N: 02984121) as an "Additional Director" (Executive Director) effective 16.01.2023.on the recommendation of the Nomination and Remuneration Committee, has approved to appoint Mr. Laxmi Kant Jajodia (DIN: 00570216) as an "Additional Director" (Independent Director) effective 16.01.2023 for a period of 5 Years, subject to the approval of the shareholders of the Company. Bhola Nath Manna @IN: 03345433) Executive Director of the Company has vide his resignation letter dated 16th January, 2023, resigned from the Board of the Company with immediate effect. Sanjay Agarwal @IN: 00571217) Independent Director of the Company has vide his resignation letter dated 16th January, 2023, resigned from the Board of the Company with immediate effect, on account of personal reasons. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹17.15, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 19x in the Diversified Financial industry in India. Total returns to shareholders of 221% over the past three years. 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. 1 experienced director. 3 highly experienced directors. Compliance Officer, Secretary & Non-Executive Director Mamta Sharma was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 05
Step Two Corporation Limited to Report Q2, 2023 Results on Nov 11, 2022 Step Two Corporation Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improved over the past week After last week's 17% share price gain to ₹19.85, the stock trades at a trailing P/E ratio of 55.1x. Average trailing P/E is 18x in the Diversified Financial industry in India. Total returns to shareholders of 231% over the past three years. Ankündigung • Aug 23
Step Two Corporation Limited, Annual General Meeting, Sep 28, 2022 Step Two Corporation Limited, Annual General Meeting, Sep 28, 2022, at 10:00 Indian Standard Time. Location: 21, Hemant Basu Sarani, 5* Floor, Room No.507, Calcutta India Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improved over the past week After last week's 16% share price gain to ₹23.10, the stock trades at a trailing P/E ratio of 68.5x. Average trailing P/E is 20x in the Diversified Financial industry in India. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 21% share price gain to ₹9.35, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 20x in the Diversified Financial industry in India. Total returns to shareholders of 35% over the past three years. 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. 1 experienced director. 3 highly experienced directors. Compliance Officer, Secretary & Non-Executive Director Mamta Sharma was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹7.73, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 17x in the Diversified Financial industry in India. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 27% share price gain to ₹9.21, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 23x in the Diversified Financial industry in India. Total loss to shareholders of 6.9% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 21% share price gain to ₹6.58, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 20x in the Diversified Financial industry in India. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 15% share price gain to ₹4.71, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 18x in the Diversified Financial industry in India. Total loss to shareholders of 45% over the past three years. Board Change • Oct 26
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. 1 experienced director. 3 highly experienced directors. Compliance Officer, Secretary & Non-Executive Director Mamta Sharma was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 15% share price gain to ₹6.07, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 15x in the Diversified Financial industry in India. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 15% share price gain to ₹4.79, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 14x in the Diversified Financial industry in India. Total loss to shareholders of 53% over the past year. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹4.82, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 14x in the Diversified Financial industry in India. Total loss to shareholders of 37% over the past year. Ankündigung • Feb 03
Step Two Corporation Limited to Report Q3, 2021 Results on Feb 11, 2021 Step Two Corporation Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 21% share price gain to ₹5.41, the stock is trading at a trailing P/E ratio of 17.9x, up from the previous P/E ratio of 14.8x. This compares to an average P/E of 14x in the Diversified Financial industry in India. Total return to shareholders over the past three years is a loss of 48%. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹4.51, the stock is trading at a trailing P/E ratio of 15x, down from the previous P/E ratio of 18.3x. This compares to an average P/E of 13x in the Diversified Financial industry in India. Total return to shareholders over the past three years is a loss of 57%. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹4.98, the stock is trading at a trailing P/E ratio of 16.5x, down from the previous P/E ratio of 20.2x. This compares to an average P/E of 13x in the Diversified Financial industry in India. Total return to shareholders over the past three years is a loss of 53%. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹5.51, the stock is trading at a trailing P/E ratio of 18.3x, down from the previous P/E ratio of 22.4x. This compares to an average P/E of 14x in the Diversified Financial industry in India. Total return to shareholders over the past three years is a loss of 47%. Is New 90 Day High Low • Dec 15
New 90-day low: ₹6.41 The company is down 37% from its price of ₹10.12 on 11 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 23% over the same period. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹6.41, the stock is trading at a trailing P/E ratio of 21.3x, down from the previous P/E ratio of 26x. This compares to an average P/E of 13x in the Diversified Financial industry in India. Total return to shareholders over the past three years is a loss of 39%. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹6.74, the stock is trading at a trailing P/E ratio of 22.4x, down from the previous P/E ratio of 27.4x. This compares to an average P/E of 13x in the Diversified Financial industry in India. Total return to shareholders over the past three years is a loss of 36%. Ankündigung • Dec 03
Step Two Corporation Limited, Annual General Meeting, Dec 29, 2020 Step Two Corporation Limited, Annual General Meeting, Dec 29, 2020, at 10:00 Indian Standard Time. Location: 21, Hemant Basu Sarani, 5th Floor, Suite No.507 Kolkata India Agenda: To receive, consider and adopt the Audited Balance Sheet as on 31st March, 2020 and Profit and Loss Account for the year ended on that date together with the Reports of Directors and Auditors thereon; to appoint a Director in place of Ms. Mamta Sharma (DIN: 07080870), who retires by rotation, and being eligible offers herself for reappointment; and to re-appoint M/s. B.P.Agarwal and Associates, Chartered Accountants, as statutory auditors and to fix their remuneration. Ankündigung • Sep 13
Step Two Corporation Limited to Report Q1, 2021 Results on Sep 14, 2020 Step Two Corporation Limited announced that they will report Q1, 2021 results on Sep 14, 2020 Ankündigung • Jun 20
Step Two Corporation Limited to Report Q4, 2020 Results on Jun 29, 2020 Step Two Corporation Limited announced that they will report Q4, 2020 results on Jun 29, 2020