Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹418, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 22x in the Forestry industry in India. Total returns to shareholders of 1,122% over the past three years. Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹9.60 (vs ₹2.40 in FY 2025) Full year 2026 results: EPS: ₹9.60 (up from ₹2.40 in FY 2025). Revenue: ₹654.9m (up 39% from FY 2025). Net income: ₹76.8m (up 300% from FY 2025). Profit margin: 12% (up from 4.1% in FY 2025). The increase in margin was driven by higher revenue. 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 113% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 20
Nidhi Granites Limited to Report Q4, 2026 Results on May 29, 2026 Nidhi Granites Limited announced that they will report Q4, 2026 results on May 29, 2026 New Risk • Apr 21
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 8.9% 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: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₹2.36b market cap, or US$25.3m). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹224, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 27x in the Forestry industry in India. Total returns to shareholders of 570% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹240, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 26x in the Forestry industry in India. Total returns to shareholders of 615% over the past three years. Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹2.75 (vs ₹1.17 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.75 (up from ₹1.17 in 3Q 2025). Revenue: ₹156.2m (up 12% from 3Q 2025). Net income: ₹22.1m (up 134% from 3Q 2025). Profit margin: 14% (up from 6.8% in 3Q 2025). The increase in margin was driven by higher revenue. 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 105% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 06
Nidhi Granites Limited to Report Q3, 2026 Results on Feb 13, 2026 Nidhi Granites Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 13, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹1.61 (vs ₹1.37 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.61 (up from ₹1.37 in 2Q 2025). Revenue: ₹132.5m (flat on 2Q 2025). Net income: ₹12.9m (up 17% from 2Q 2025). Profit margin: 9.7% (up from 8.3% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 135% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Nov 05
Nidhi Granites Limited to Report Q2, 2026 Results on Nov 14, 2025 Nidhi Granites Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹2.80 (vs ₹0.94 in 1Q 2025) First quarter 2026 results: EPS: ₹2.80 (up from ₹0.94 in 1Q 2025). Revenue: ₹198.8m (up 103% from 1Q 2025). Net income: ₹22.4m (up 198% from 1Q 2025). Profit margin: 11% (up from 7.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 02
Nidhi Granites Limited to Report Q1, 2026 Results on Aug 13, 2025 Nidhi Granites Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Ankündigung • Jun 26
Nidhi Granites Limited, Annual General Meeting, Jul 22, 2025 Nidhi Granites Limited, Annual General Meeting, Jul 22, 2025, at 11:00 Indian Standard Time. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹2.39 (vs ₹0.98 in FY 2024) Full year 2025 results: EPS: ₹2.39 (up from ₹0.98 in FY 2024). Revenue: ₹473.3m (up 21% from FY 2024). Net income: ₹19.2m (up 180% from FY 2024). Profit margin: 4.1% (up from 1.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings. Ankündigung • May 16
Nidhi Granites Limited to Report Q4, 2025 Results on May 29, 2025 Nidhi Granites Limited announced that they will report Q4, 2025 results at 9:15 AM, Indian Standard Time on May 29, 2025 Ankündigung • Apr 03
Nidhi Granites Limited (BSE:512103) completed the acquisition of Auro Fintech Private Limited. Nidhi Granites Limited (BSE:512103) agreed to acquire Auro Fintech Private Limited for INR 6.1 million on April 1, 2025.
For the period ending December 31, 2024, Auro Fintech Private Limited reported total revenue of INR 63.62 million.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The transaction is expected to complete within 30 days.
Nidhi Granites Limited (BSE:512103) completed the acquisition of Auro Fintech Private Limited on April 2, 2025. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹90.70, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 20x in the Capital Markets industry in India. Total returns to shareholders of 81% over the past three years. New Risk • Feb 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹838.8m (US$9.68m) 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 Risk Market cap is less than US$10m (₹838.8m market cap, or US$9.68m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹1.17 (vs ₹0.56 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.17 (up from ₹0.56 in 3Q 2024). Revenue: ₹139.3m (up 29% from 3Q 2024). Net income: ₹9.42m (up 110% from 3Q 2024). Profit margin: 6.8% (up from 4.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹119, 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 264% over the past three years. Ankündigung • Jan 31
Nidhi Granites Limited to Report Q3, 2025 Results on Feb 11, 2025 Nidhi Granites Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹185, the stock trades at a trailing P/E ratio of 61.9x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 493% over the past three years. New Risk • Nov 30
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 7.6% 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 High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹1.84b market cap, or US$21.7m). Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹199, the stock trades at a trailing P/E ratio of 66.4x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 431% over the past three years. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹1.37 (vs ₹0.085 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.37 (up from ₹0.085 in 2Q 2024). Revenue: ₹132.4m (up 50% from 2Q 2024). Net income: ₹11.0m (up ₹10.4m from 2Q 2024). Profit margin: 8.3% (up from 0.6% 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 16% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 28
Nidhi Granites Limited to Report Q2, 2025 Results on Nov 14, 2024 Nidhi Granites Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹0.94 (vs ₹0.16 in 1Q 2024) First quarter 2025 results: EPS: ₹0.94 (up from ₹0.16 in 1Q 2024). Revenue: ₹97.9m (up 25% from 1Q 2024). Net income: ₹7.53m (up ₹6.69m from 1Q 2024). Profit margin: 7.7% (up from 1.1% 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 21% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 05
Nidhi Granites Limited to Report Q1, 2025 Results on Aug 12, 2024 Nidhi Granites Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Reported Earnings • Jul 01
Full year 2024 earnings released: EPS: ₹1.95 (vs ₹2.07 in FY 2023) Full year 2024 results: EPS: ₹1.95. Revenue: ₹390.8m (up 52% from FY 2023). Net income: ₹6.85m (up 57% from FY 2023). Profit margin: 1.8% (in line with FY 2023). Ankündigung • Jun 28
Nidhi Granites Limited, Annual General Meeting, Jul 23, 2024 Nidhi Granites Limited, Annual General Meeting, Jul 23, 2024, at 11:30 Indian Standard Time. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹1.95 (vs ₹2.07 in FY 2023) Full year 2024 results: EPS: ₹1.95. Revenue: ₹390.9m (up 52% from FY 2023). Net income: ₹6.85m (up 57% from FY 2023). Profit margin: 1.8% (in line with FY 2023). Ankündigung • May 18
Nidhi Granites Limited to Report Q4, 2024 Results on May 28, 2024 Nidhi Granites Limited announced that they will report Q4, 2024 results on May 28, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹1.12 (vs ₹0.68 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.12 (up from ₹0.68 in 3Q 2023). Revenue: ₹107.7m (up 55% from 3Q 2023). Net income: ₹4.49m (up 271% from 3Q 2023). Profit margin: 4.2% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. 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 75% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: ₹0.17 (vs ₹2.72 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.17 (down from ₹2.72 in 2Q 2023). Revenue: ₹88.1m (up 41% from 2Q 2023). Net income: ₹567.0k (down 72% from 2Q 2023). Profit margin: 0.6% (down from 3.3% 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 whereas the company’s share price has increased by 62% per year. Ankündigung • Nov 08
Nidhi Granites Limited to Report Q2, 2024 Results on Nov 13, 2023 Nidhi Granites Limited announced that they will report Q2, 2024 results on Nov 13, 2023 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: 1.6% Last year net profit margin: 2.5% 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 Share price has been highly volatile over the past 3 months (9.1% average weekly change). High level of non-cash earnings (655% accrual ratio). Shareholders have been substantially diluted in the past year (433% increase in shares outstanding). Market cap is less than US$10m (₹274.4m market cap, or US$3.30m). Minor Risks Profit margins are more than 30% lower than last year (1.6% net profit margin). Revenue is less than US$5m (₹274m revenue, or US$3.3m). Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹0.32 (vs ₹1.86 in 1Q 2023) First quarter 2024 results: EPS: ₹0.32 (down from ₹1.86 in 1Q 2023). Revenue: ₹78.6m (up 27% from 1Q 2023). Net income: ₹839.0k (down 40% from 1Q 2023). Profit margin: 1.1% (down from 2.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Ankündigung • Aug 04
Nidhi Granites Limited to Report Q1, 2024 Results on Aug 14, 2023 Nidhi Granites Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹78.15, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 251% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹90.25, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 30% over the past year. Ankündigung • May 17
Nidhi Granites Limited to Report Q4, 2023 Results on May 29, 2023 Nidhi Granites Limited announced that they will report Q4, 2023 results on May 29, 2023 Ankündigung • May 12
Nidhi Granites Limited (BSE:512103) acquired Yug Fashion Garments Private Limited for INR 0.12 million. Nidhi Granites Limited (BSE:512103) acquired Yug Fashion Garments Private Limited for INR 0.12 million on May 10, 2023. The consideration was paid in cash. Yug Fashion Garments Private has become wholly owned subsidiary of Nidhi Granites. Yug Fashion Garments has revenue of INR 19 million as March 31, 2023.
Nidhi Granites Limited (BSE:512103) completed the acquisition of Yug Fashion Garments Private Limited on May 10, 2023. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹91.37, the stock trades at a trailing P/E ratio of 70.9x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 32% over the past year. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹81.42, the stock trades at a trailing P/E ratio of 63.2x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 6.2% over the past year. Board Change • Apr 17
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Shreya Pandya is the most experienced director on the board, commencing their role in 2021. Non Executive Independent Director Amit Patankar 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 board continuity. Lack of experienced directors. Board Change • Mar 22
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Shreya Pandya is the most experienced director on the board, commencing their role in 2021. Non Executive Independent Director Amit Patankar 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 board continuity. Lack of experienced directors. Board Change • Feb 24
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Shreya Pandya is the most experienced director on the board, commencing their role in 2021. Non Executive Independent Director Amit Patankar 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 board continuity. Lack of experienced directors. Ankündigung • Feb 05
Nidhi Granites Limited to Report Q3, 2023 Results on Feb 13, 2023 Nidhi Granites Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹67.60, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 204% over the past three years. Board Change • Jan 10
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Shreya Pandya is the most experienced director on the board, commencing their role in 2021. Non Executive Independent Director Amit Patankar 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 board continuity. Lack of experienced directors. Board Change • Nov 21
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Shreya Pandya is the most experienced director on the board, commencing their role in 2021. Non Executive Independent Director Amit Patankar 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 board continuity. Lack of experienced directors. Ankündigung • Nov 03
Nidhi Granites Limited to Report Q2, 2023 Results on Nov 11, 2022 Nidhi Granites Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Board Change • Oct 27
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Shreya Pandya is the most experienced director on the board, commencing their role in 2021. Non Executive Independent Director Amit Patankar 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 board continuity. Lack of experienced directors. Board Change • Aug 30
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Shreya Pandya is the most experienced director on the board, commencing their role in 2021. Non Executive Independent Director Amit Patankar 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 board continuity. Lack of experienced directors. Ankündigung • Aug 24
Nidhi Granites Limited, Annual General Meeting, Sep 24, 2022 Nidhi Granites Limited, Annual General Meeting, Sep 24, 2022, at 11:00 Indian Standard Time. Ankündigung • Aug 03
Nidhi Granites Limited to Report Q1, 2023 Results on Aug 11, 2022 Nidhi Granites Limited announced that they will report Q1, 2023 results on Aug 11, 2022 Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₹65.50, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 18x in the Capital Markets industry in India. Total returns to shareholders of 221% over the past three years. Board Change • Jul 12
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Shreya Pandya is the most experienced director on the board, commencing their role in 2021. Non Executive Independent Director Amit Patankar 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 board continuity. Lack of experienced directors. Board Change • Jun 10
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Shreya Pandya is the most experienced director on the board, commencing their role in 2021. Non Executive Independent Director Amit Patankar 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 board continuity. Lack of experienced directors. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹4.06 (vs ₹0.95 in FY 2021) Full year 2022 results: EPS: ₹4.06 (up from ₹0.95 in FY 2021). Revenue: ₹159.1m (up ₹157.6m from FY 2021). Net income: ₹3.05m (up 327% from FY 2021). Profit margin: 1.9% (down from 46% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Ankündigung • May 14
Nidhi Granites Limited to Report Q4, 2022 Results on May 25, 2022 Nidhi Granites Limited announced that they will report Q4, 2022 results on May 25, 2022 Board Change • Apr 27
Less than half of directors are independent There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Shreya Pandya is the most experienced director on the board, commencing their role in 2021. Non Executive Independent Director Amit Patankar 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 board continuity. Lack of experienced directors. Ankündigung • Feb 25
Nidhi Granites Limited announced that it has received INR 23.5625 million in funding On February 24, 2022, Nidhi Granites Limited closed the transaction. The company issued 3,250,000 Convertible Warrants at a price of INR 29 per warrant for gross proceeds of INR 94,250,000 in the transaction, of which 25% of the amount which is equal to INR 23,562,500 was received by the company at the closing of the transaction and the rest will be received during the exercise of warrants. The warrants are exercisable at INR 21.75 per warrant. The transaction included participation from promoters of the company Devan Pandya for 1,089,000 warrants, Darpan Shah for 1,080,000 warrants, non-promoters Kala Purvish Diwanji for 540,000 warrants and Nayana Balubhai Bhatt for 541,000 warrants. The transaction has been approved in the board meeting of the company. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹6.41 (up from ₹0.14 loss in 3Q 2021). Revenue: ₹56.8m (up ₹56.5m from 3Q 2021). Net income: ₹4.81m (up ₹4.92m from 3Q 2021). Profit margin: 8.5% (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 04
Nidhi Granites Limited to Report Q3, 2022 Results on Feb 11, 2022 Nidhi Granites Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Executive Departure • Aug 14
Company Secretary & Compliance Officer Nehashree Rathi has left the company On the 9th of August, Nehashree Rathi's tenure as Company Secretary & Compliance Officer ended after 1.5 years in the role. We don't have any record of a personal shareholding under Nehashree's name. A total of 9 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₹39.65, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 15x in the Capital Markets industry in India. Executive Departure • Jun 26
Additional Non-executive & Independent Director Rajesh Chheda has left the company On the 15th of June, Rajesh Chheda's tenure as Additional Non-executive & Independent Director ended after less than a year in the role. We don't have any record of a personal shareholding under Rajesh's name. A total of 8 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 26
Additional Non-executive & Independent Director Vineetkumar Mishra has left the company On the 15th of June, Vineetkumar Mishra's tenure as Additional Non-executive & Independent Director ended after less than a year in the role. We don't have any record of a personal shareholding under Vineetkumar's name. A total of 8 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Is New 90 Day High Low • Mar 09
New 90-day high: ₹32.45 The company is up 32% from its price of ₹24.55 on 09 December 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 9.0% over the same period. Executive Departure • Feb 20
Chief Financial Officer has left the company On the 19th of February, Niranjan Mehta's tenure as Chief Financial Officer ended after 3.3 years in the role. We don't have any record of a personal shareholding under Niranjan's name. A total of 6 executives have left over the last 12 months. Executive Departure • Feb 20
Non Executive Director has left the company On the 19th of February, Pushpa Thard's tenure as Non Executive Director ended after 26.6 years in the role. As of December 2020, Pushpa personally held 159.50k shares (₹4.3m worth at the time). A total of 6 executives have left over the last 12 months. Is New 90 Day High Low • Jan 20
New 90-day high: ₹29.90 The company is up 34% from its price of ₹22.30 on 15 October 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 24% over the same period. Reported Earnings • Jan 12
Third quarter 2021 earnings released: ₹0.14 loss per share Third quarter 2021 results: Net loss: ₹107.3k (loss narrowed 40% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Ankündigung • Dec 26
Nidhi Granites Limited to Report Q3, 2021 Results on Jan 11, 2021 Nidhi Granites Limited announced that they will report Q3, 2021 results on Jan 11, 2021 Ankündigung • Nov 20
Darpan Shah and Devan Pandya entered into a share purchase agreement to acquire a 62.09% stake in Nidhi Granites Limited (BSE:512103) from Nupur International Pvt Ltd., Anil Ratanlal Saraf, Nidhi Abhinav Aggarwal, Pushpa Rajkumar Thard and Rajkumar Manmal Thard for INR 26. Darpan Shah and Devan Pandya entered into a share purchase agreement to acquire a 62.09% stake in Nidhi Granites Limited (BSE:512103) from Nupur International Pvt Ltd., Anil Ratanlal Saraf, Nidhi Abhinav Aggarwal, Pushpa Rajkumar Thard and Rajkumar Manmal Thard for INR 26 on November 19, 2020. Under the terms of the transaction, Darpan Shah and Devan Pandya will acquire 0.47 million shares in Nidhi and will pay the consideration in cash. Prior to the transaction, Darpan Shah did not hold any stakes in Nidhi but Devan Pandya holds 0.04% stake. Upon completion, Darpan Shah will hold 30.02% stake while Devan Pandya will hold 32.11% stake. Darpan Shah entered into an open offer to acquire 26% stake in Nidhi Granites from its shareholders. Ankündigung • Sep 12
Nidhi Granites Limited to Report Q1, 2020 Results on Aug 12, 2020 Nidhi Granites Limited announced that they will report Q1, 2020 results on Aug 12, 2020 Ankündigung • Jul 31
Nidhi Granites Limited Announces Executive Changes Nidhi Granites Limited at the board meeting held on July 31, 2020 appointed Ms. Nidhi Abhinav Aggarwal as the managing director of the company for a period of five years with effect from July 31, 2020. Mr. Rajkumar Thard has expressed his unwillingness to continue as Managing Director on completing his tenure on July 30, 2020. Ankündigung • Jul 20
Nidhi Granites Limited to Report Q4, 2020 Results on Jul 30, 2020 Nidhi Granites Limited announced that they will report Q4, 2020 results on Jul 30, 2020 
