Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹0.035 (vs ₹2.05 in FY 2025) Full year 2026 results: EPS: ₹0.035 (down from ₹2.05 in FY 2025). Revenue: ₹1.02b (up 6.9% from FY 2025). Net income: ₹6.74m (down 74% from FY 2025). Profit margin: 0.7% (down from 2.7% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Ankündigung • May 21
Caspian Corporate Services Limited to Report Q4, 2026 Results on May 27, 2026 Caspian Corporate Services Limited announced that they will report Q4, 2026 results on May 27, 2026 Reported Earnings • Feb 14
Third quarter 2026 earnings released: ₹0.061 loss per share (vs ₹1.48 loss in 3Q 2025) Third quarter 2026 results: ₹0.061 loss per share (improved from ₹1.48 loss in 3Q 2025). Revenue: ₹261.3m (up 45% from 3Q 2025). Net loss: ₹772.0k (loss narrowed 96% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 03
Caspian Corporate Services Limited to Report Q3, 2026 Results on Feb 12, 2026 Caspian Corporate Services Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Jan 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Market cap is less than US$10m (₹685.0m market cap, or US$7.53m). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Board Change • Jan 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive Independent Director Pratik Surendra Shah was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹890.0m (US$9.94m) This is considered a major 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 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 (10% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Market cap is less than US$10m (₹890.0m market cap, or US$9.94m). Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹0.001 (vs ₹0.24 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.001 (down from ₹0.24 in 2Q 2025). Revenue: ₹228.6m (down 3.3% from 2Q 2025). Net income: ₹60.0k (down 100% from 2Q 2025). Profit margin: 0% (down from 13% in 2Q 2025). The decrease in margin was primarily driven by higher expenses. 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 47% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Nov 08
Caspian Corporate Services Limited to Report Q2, 2026 Results on Nov 14, 2025 Caspian Corporate Services Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Upcoming Dividend • Sep 19
Upcoming dividend of ₹0.05 per share Eligible shareholders must have bought the stock before 26 September 2025. Payment date: 20 October 2025. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.1%). New Risk • Sep 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₹1.07b market cap, or US$12.1m). Ankündigung • Aug 25
Caspian Corporate Services Limited, Annual General Meeting, Sep 20, 2025 Caspian Corporate Services Limited, Annual General Meeting, Sep 20, 2025, at 15:00 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹0.004 (vs ₹0.24 in 1Q 2025) First quarter 2026 results: EPS: ₹0.004 (down from ₹0.24 in 1Q 2025). Revenue: ₹248.3m (flat on 1Q 2025). Net income: ₹536.0k (down 98% from 1Q 2025). Profit margin: 0.2% (down from 13% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 06
Caspian Corporate Services Limited to Report Q1, 2026 Results on Aug 11, 2025 Caspian Corporate Services Limited announced that they will report Q1, 2026 results on Aug 11, 2025 New Risk • Jul 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹869.7m (US$9.97m) This is considered a major 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 Risks Interest payments are not well covered by earnings (2.7x net interest cover). Market cap is less than US$10m (₹869.7m market cap, or US$9.97m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.7% net profit margin). Ankündigung • Jul 03
Caspian Corporate Services Limited Appoints Naresh Reddy Vattipally as Additional Executive Director, Effective July 3, 2025 Caspian Corporate Services Limited at its board meeting held on July 3, 2025 approved appointment of Mr. Naresh Reddy Vattipally (DIN: 11169531) as an Additional Executive Director of the Company with effect from 03rd July, 2025. Mr. Naresh Reddy Vattipally, aged 42 Years, is post graduate in MSC Computer and MBA Management and having more than 06 years business experience in the field of integrated services including house-keeping, security, property management, and various business support services and human resource outsourcing (HRO) services. New Risk • Jun 02
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.2% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₹1.07b market cap, or US$12.5m). Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹0.20 (vs ₹0.63 in FY 2024) Full year 2025 results: EPS: ₹0.20 (down from ₹0.63 in FY 2024). Revenue: ₹956.6m (up 6.0% from FY 2024). Net income: ₹25.9m (down 67% from FY 2024). Profit margin: 2.7% (down from 8.8% 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 78% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Ankündigung • May 16
Caspian Corporate Services Limited to Report Q4, 2025 Results on May 26, 2025 Caspian Corporate Services Limited announced that they will report Q4, 2025 results on May 26, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹7.94, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 19x in the Capital Markets industry in India. Total returns to shareholders of 272% over the past three years. New Risk • May 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹844.4m (US$9.89m) This is considered a major 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 Risks Debt is not well covered by operating cash flow (3.2% operating cash flow to total debt). Market cap is less than US$10m (₹844.4m market cap, or US$9.89m). Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). New Risk • Apr 04
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 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (₹1.07b market cap, or US$12.5m). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹6.01, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 19x in the Capital Markets industry in India. Total returns to shareholders of 201% over the past three years. Reported Earnings • Feb 16
Third quarter 2025 earnings released: ₹0.15 loss per share (vs ₹0.16 profit in 3Q 2024) Third quarter 2025 results: ₹0.15 loss per share (down from ₹0.16 profit in 3Q 2024). Revenue: ₹179.9m (down 32% from 3Q 2024). Net loss: ₹18.7m (down 190% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 08
Caspian Corporate Services Limited to Report Q3, 2025 Results on Feb 14, 2025 Caspian Corporate Services Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Board Change • Feb 05
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. Additional Non-Executive Independent Director Nidhi Jain was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 04
Caspian Corporate Services Limited Announces Resignation of Ms. Hetal Harshal Somani as Independent Director Caspian Corporate Services Limited announced that Ms. Hetal Harshal Somani has resigned as the Independent Director of the Company with effect from close of business hours on 28th January 2025, citing certain prior commitment and unavoidable personal situations. Ms. Hetal Harshal Somani automatically ceased to be a Member of Audit Committees, Nomination and Remuneration Committee and Stakeholders Relationship Committee of the company with effect from 28th January 2025. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹11.74, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 612% over the past three years. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.73 (vs ₹0.069 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.73 (up from ₹0.069 in 2Q 2024). Revenue: ₹236.3m (up 16% from 2Q 2024). Net income: ₹30.8m (up 253% from 2Q 2024). Profit margin: 13% (up from 4.3% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 83% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 09
Caspian Corporate Services Limited to Report Q2, 2025 Results on Nov 14, 2024 Caspian Corporate Services Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹11.03, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 455% over the past three years. Declared Dividend • Oct 12
Dividend of ₹0.05 announced Shareholders will receive a dividend of ₹0.05. Ex-date: 23rd October 2024 Payment date: 30th October 2024 Dividend yield will be 0.4%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (3% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 100% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Oct 05
Caspian Corporate Services Limited Approves Final Dividend for the Financial Year Ended March 31, 2024 Caspian Corporate Services Limited at its AGM held on September 30, 2024, approved the final dividend of INR 0.05 per equity share having face value of INR 1 each (that is 5% of face value) for the financial year ended March 31, 2024. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹19.75, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 594% over the past three years. Ankündigung • Sep 09
Caspian Corporate Services Limited, Annual General Meeting, Sep 30, 2024 Caspian Corporate Services Limited, Annual General Meeting, Sep 30, 2024, at 15:30 Indian Standard Time. Ankündigung • Sep 06
Caspian Corporate Services Limited Proposes Declaration of Final Dividend for the Financial Year Ended March 31, 2024 Caspian Corporate Services Limited proposed declaration of the final dividend of INR 0.05/- per equity share having face value of INR 1/- each (i.e. 5% of face value) for the financial year ended March 31, 2024. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹18.10, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 474% over the past three years. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.73 (vs ₹0.044 in 1Q 2024) First quarter 2025 results: EPS: ₹0.73 (up from ₹0.044 in 1Q 2024). Revenue: ₹247.0m (up 31% from 1Q 2024). Net income: ₹30.9m (up 462% from 1Q 2024). Profit margin: 13% (up from 2.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 86% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 08
Caspian Corporate Services Limited to Report Q1, 2025 Results on Aug 13, 2024 Caspian Corporate Services Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹72.32, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 914% over the past three years. Ankündigung • Jul 26
Caspian Corporate Services Limited Announces Appointment of Sarfraz Taherbhai Mulla as Company Secretary Caspian Corporate Services Limited announced that the meeting of the board directors of the company was held July 26, 2024 and the board has considered and approved the appointment of MR. SARFRAZ TAHERBHAI MULLA, (ACS: 63290) Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from 26th July, 2024. Mr. Sarfraz Taherbhai Mulla is an associate member of Institute of Company Secretaries of India (ICSI). He has worked in different domains and with various companies including listed and unlisted Companies. He has rich experience of 4 years in the field of secretarial and legal matters, listing compliances, corporate governance, and Intellectual Property rights, Corporate Social Responsibilities and exposure of dealing with various Government Departments/organizations. He has achieved professional excellence and expertise in his work. Ankündigung • Jun 24
Caspian Corporate Services Limited Announces Resignation of Hema Advani as Company Secretary & Compliance Officer Caspian Corporate Services Limited announced that Ms. Hema Advani, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered her resignation from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company vide his letter dated 24 June, 2024 and will be relieved from the services of the Company with immediate effect due to personal and unavoidable reasons. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹1.88 (vs ₹0.14 in FY 2023) Full year 2024 results: EPS: ₹1.88 (up from ₹0.14 in FY 2023). Revenue: ₹903.3m (up ₹889.7m from FY 2023). Net income: ₹79.3m (up ₹74.9m from FY 2023). Profit margin: 8.8% (down from 32% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has increased by 192% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 22
Caspian Corporate Services Limited to Report Q4, 2024 Results on May 30, 2024 Caspian Corporate Services Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹59.06, the stock trades at a trailing P/E ratio of 68.5x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 2,027% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹66.67, the stock trades at a trailing P/E ratio of 77.3x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 1,018% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹58.22, the stock trades at a trailing P/E ratio of 67.5x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 722% over the past three years. 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 ₹55.98, the stock trades at a trailing P/E ratio of 64.9x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 768% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹47.00, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 960% over the past three years. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹0.49 (vs ₹0.06 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.49 (up from ₹0.06 in 3Q 2023). Revenue: ₹264.1m (up ₹260.9m from 3Q 2023). Net income: ₹20.8m (up ₹18.8m from 3Q 2023). Profit margin: 7.9% (down from 62% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹0.21 (vs ₹0.02 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.21 (up from ₹0.02 in 2Q 2023). Revenue: ₹204.0m (up ₹202.2m from 2Q 2023). Net income: ₹8.73m (up ₹8.08m from 2Q 2023). Profit margin: 4.3% (down from 37% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 124% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 12
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 7.4% 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 Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (4.7% net profit margin). Shareholders have been diluted in the past year (36% increase in shares outstanding). Revenue is less than US$5m (₹201m revenue, or US$2.4m). Market cap is less than US$100m (₹1.66b market cap, or US$20.0m). Ankündigung • Sep 05
Caspian Corporate Services Limited Recommends Dividend for the Financial Year Ended March 31, 2023 Caspian Corporate Services Limited announced that at the 12Th Annual General Meeting to Be Held on 28Th September, 2023, recommended to declare a final dividend at rate of 5% (i.e. INR 0.05 per equity share having face value of INR 1 each) for the financial year ended March 31, 2023. If the final dividend, as recommended by the Board of Directors is approved at the AGM, payment of such final dividend shall be subject to deduction of tax at source and will be made on or before 27 October, 2023. Ankündigung • Aug 31
Caspian Corporate Services Limited, Annual General Meeting, Sep 28, 2023 Caspian Corporate Services Limited, Annual General Meeting, Sep 28, 2023, at 15:30 Indian Standard Time. New Risk • Aug 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.7% Last year net profit margin: 44% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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). High level of non-cash earnings (167% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (4.7% net profit margin). Shareholders have been diluted in the past year (36% increase in shares outstanding). Revenue is less than US$5m (₹201m revenue, or US$2.4m). Market cap is less than US$100m (₹1.05b market cap, or US$12.7m). Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹0.13 (vs ₹0.014 in 1Q 2023) First quarter 2024 results: EPS: ₹0.13 (up from ₹0.014 in 1Q 2023). Revenue: ₹189.1m (up ₹187.7m from 1Q 2023). Net income: ₹5.50m (up ₹5.09m from 1Q 2023). Profit margin: 2.9% (down from 30% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 08
Caspian Corporate Services Limited to Report Q1, 2024 Results on Aug 14, 2023 Caspian Corporate Services Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹0.14 (vs ₹0.16 in FY 2022) Full year 2023 results: EPS: ₹0.14 (down from ₹0.16 in FY 2022). Revenue: ₹13.6m (up 12% from FY 2022). Net income: ₹4.40m (down 13% from FY 2022). Profit margin: 32% (down from 41% 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 47% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 23
Caspian Corporate Services Limited to Report Q4, 2023 Results on May 30, 2023 Caspian Corporate Services Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.06 (vs ₹0.025 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.06 (up from ₹0.025 in 3Q 2022). Revenue: ₹3.18m (up 59% from 3Q 2022). Net income: ₹1.96m (up 155% from 3Q 2022). Profit margin: 62% (up from 39% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 04
Caspian Corporate Services Limited to Report Q3, 2023 Results on Feb 13, 2023 Caspian Corporate Services Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Ankündigung • Jan 04
Caspian Corporate Services Limited announced that it expects to receive INR 167.34228 million in funding Caspian Corporate Services Limited announced a private placement of 1,39,45,190 equity shares on preferential basis with par value of INR 1, at an issue price of INR 12 per share for gross proceeds of INR 167,342,280 on January 3, 2022. The transaction was approved by the board of directors of the company and subject to approval of Extra-ordinary General Meeting of shareholders. The transaction will include participation from YADAV SANSKRITI, PRADEEPKUMAR U, GADHI RAJU SUNEETA and other investors. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹7.52, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 75% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Director Sampath Nemmani is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Nov 03
Caspian Corporate Services Limited to Report Q2, 2023 Results on Nov 09, 2022 Caspian Corporate Services Limited announced that they will report Q2, 2023 results After-Market on Nov 09, 2022 Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₹8.68, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 20x in the Capital Markets industry in India. Total returns to shareholders of 80% over the past three years. Board Change • Sep 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Director Sampath Nemmani is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Sep 01
Caspian Corporate Services Limited Announces Reconstitution of Certain Committees of the Board of Directors Caspian Corporate Services Limited has reconstituted the Audit Committee of the Board of directors with Mr. Pratik Surendrakumar Shah, Independent Director as Chairman, Ms. Hetal Harshal Somani, Independent Director, Ms. Nidhi Jain, Independent Director, Mr. Sukumar Reddy Garlapathi, Managing Director as member. Reconstituted the Nomination and Remuneration Committee of the Board of Directors as Ms. Nidhi Jain, Independent Director as Chairman, Mr. Pratik Surendrakumar Shah, Independent Director, Ms. Hetal Harshal Somani, independent Director as members and reconstituted the Stakeholders' Relationship Committee of the Board of Directors as Ms. Hetal Harshal Somani, Independent Director as Chairman, Mr. Pratik Surendrakumar Shah, Independent Director and Mr. Sukumar Reddy Garlapathi, Managing Director as member. Ankündigung • Aug 31
Caspian Corporate Services Limited, Annual General Meeting, Sep 23, 2022 Caspian Corporate Services Limited, Annual General Meeting, Sep 23, 2022, at 15:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2022 together with the Reports of the Board of Directors and the Auditors thereon; to appoint a Director in the place of Mr. Sampath Rao; to consider increase in the Managerial remuneration; to consider approval for related party transactions; to consider regularization of additional independent Director; and to consider other matters. Ankündigung • Aug 30
Caspian Corporate Services Limited Announces Board Changes Caspian Corporate Services Limited announced that at its board meeting held on August 29, 2022, approved the appointment of Ms. Hetal Harshal Somani as an Additional Non-Executive Independent Director of the company for a period of 5 years effective immediately; approved the resignation of Mr. Hetang Arunkumar Shah from his designation as Independent director of the company. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹0.014 (vs ₹0.015 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.014 (up from ₹0.015 loss in 1Q 2022). Revenue: ₹1.38m (up ₹1.25m from 1Q 2022). Net income: ₹419.0k (up ₹894.0k from 1Q 2022). Profit margin: 30% (up from net loss in 1Q 2022). The move to profitability 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 only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 18% share price gain to ₹6.88, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 18x in the Capital Markets industry in India. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹7.20, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 17x in the Capital Markets industry in India. Total loss to shareholders of 3.2% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹8.32, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 18x in the Capital Markets industry in India. Total loss to shareholders of 26% over the past three years. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹0.16 (vs ₹0.049 in FY 2021) Full year 2022 results: EPS: ₹0.16 (up from ₹0.049 in FY 2021). Revenue: ₹12.2m (up 208% from FY 2021). Net income: ₹5.05m (up 233% from FY 2021). Profit margin: 41% (up from 38% 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 11% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Ankündigung • May 22
Caspian Corporate Services Limited to Report Q4, 2022 Results on May 28, 2022 Caspian Corporate Services Limited announced that they will report Q4, 2022 results on May 28, 2022 Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹6.13, the stock trades at a trailing P/E ratio of 59.4x. Average trailing P/E is 17x in the Capital Markets industry in India. Total loss to shareholders of 57% over the past three years. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Director Sampath Nemmani is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 19% share price gain to ₹7.14, the stock trades at a trailing P/E ratio of 69.2x. Average trailing P/E is 18x in the Capital Markets industry in India. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹7.35, the stock trades at a trailing P/E ratio of 71.3x. Average trailing P/E is 16x in the Capital Markets industry in India. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 19% share price gain to ₹5.43, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 17x in the Capital Markets industry in India. Total loss to shareholders of 73% over the past three years. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.025 (up from ₹0.005 loss in 3Q 2021). Revenue: ₹2.00m (up ₹1.84m from 3Q 2021). Net income: ₹770.0k (up ₹932.0k from 3Q 2021). Profit margin: 39% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Ankündigung • Feb 10
Intellivate Capital Advisors Limited Approves Appointment of Laxmi Narayana Punna as New Chief Financial Officer Intellivate Capital Advisors Limited announced that based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors of the Company, at its Meeting held on February 08, 2022, has considered and approved the appointment of Mr. Laxmi Narayana Punna, as the new Chief Financial Officer and Key Managerial Personnel of the Company with effect from February 08, 2022. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹5.73, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 17x in the Capital Markets industry in India. Total loss to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₹4.53, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 16x in the Capital Markets industry in India. Total loss to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 15% share price gain to ₹5.21, the stock trades at a trailing P/E ratio of 71.3x. Average trailing P/E is 15x in the Capital Markets industry in India. Total loss to shareholders of 81% over the past three years. Board Change • Sep 15
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Non-Executive Director Vipul Modi is the most experienced director on the board, commencing their role in 2011. Additional Independent Non-Executive Director Paresh Vora was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Sep 12
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Non-Executive Director Vipul Modi is the most experienced director on the board, commencing their role in 2011. Additional Independent Non-Executive Director Paresh Vora was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Aug 19
First quarter 2022 earnings released: ₹0.015 loss per share (vs ₹0.011 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: ₹132.0k (down 42% from 1Q 2021). Net loss: ₹475.0k (loss widened 33% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 15% share price gain to ₹3.30, the stock trades at a trailing P/E ratio of 67.5x. Average trailing P/E is 17x in the Capital Markets industry in India. Total loss to shareholders of 79% over the past three years. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS ₹0.049 (vs ₹0.062 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹3.96m (down 4.1% from FY 2020). Net income: ₹1.52m (down 22% from FY 2020). Profit margin: 38% (down from 47% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹2.92, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 13x in the Capital Markets industry in India. Total loss to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹3.93, the stock trades at a trailing P/E ratio of 65.4x. Average trailing P/E is 12x in the Capital Markets industry in India. Total loss to shareholders of 6.4% over the past year. Is New 90 Day High Low • Feb 26
New 90-day high: ₹5.12 The company is up 52% from its price of ₹3.37 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 12% over the same period. Executive Departure • Feb 24
Independent Director has left the company On the 11th of February, Venkateswara Suram's tenure as Independent Director ended after 10.0 years in the role. We don't have any record of a personal shareholding under Venkateswara's name. A total of 2 executives have left over the last 12 months. Executive Departure • Feb 24
Independent Director has left the company On the 11th of February, Siddharth Shah's tenure as Independent Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Siddharth's name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 25% share price gain to ₹4.04, the stock is trading at a trailing P/E ratio of 67.2x, up from the previous P/E ratio of 53.7x. This compares to an average P/E of 13x in the Capital Markets industry in India. 
