Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹25.88, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total returns to shareholders of 1,109% over the past three years. Reported Earnings • Aug 04
First quarter 2027 earnings released: EPS: ₹0.09 (vs ₹0.04 loss in 1Q 2026) First quarter 2027 results: EPS: ₹0.09 (up from ₹0.04 loss in 1Q 2026). Revenue: ₹2.33m (up ₹2.14m from 1Q 2026). Net income: ₹34.4m (up ₹49.2m from 1Q 2026). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 01
India Homes Limited to Report Q1, 2027 Results on Aug 03, 2026 India Homes Limited announced that they will report Q1, 2027 results on Aug 03, 2026 New Risk • May 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Revenue is less than US$5m (₹276m revenue, or US$2.9m). Market cap is less than US$100m (₹8.56b market cap, or US$89.2m). Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Mohamed Ali Furniturewala was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 25
India Homes Limited Approves the Appointment of Mohamed Ali Altaf Furniturewala as Non-Executive Independent Director India Homes Limited at its Extraordinary General Meeting held on 23 February, 2026, approved the Appointment of Mr. Mohamed Ali Altaf Furniturewala (DIN: 02878231) as Non-Executive Independent Director of the Company for first term of 5 (Five) consecutive years. New Risk • Dec 08
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 7.0% 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 Revenue is less than US$1m (₹262k revenue, or US$2.9k). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₹4.00b market cap, or US$44.4m). New Risk • Aug 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 6.7% 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 Less than 1 year of cash runway based on free cash flow trend (-₹63m free cash flow). Revenue is less than US$1m (₹261k revenue, or US$3.0k). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (₹4.41b market cap, or US$50.5m). Reported Earnings • Jul 26
Full year 2025 earnings released: ₹0.34 loss per share (vs ₹0.29 loss in FY 2024) Full year 2025 results: ₹0.34 loss per share (further deteriorated from ₹0.29 loss in FY 2024). Net loss: ₹133.9m (loss widened 15% from FY 2024). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 18
India Steel Works Limited, Annual General Meeting, Aug 16, 2025 India Steel Works Limited, Annual General Meeting, Aug 16, 2025. Ankündigung • May 13
India Steel Works Limited to Report Q4, 2025 Results on May 21, 2025 India Steel Works Limited announced that they will report Q4, 2025 results on May 21, 2025 New Risk • Mar 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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹329m free cash flow). Earnings have declined by 6.3% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₹1.80b market cap, or US$20.6m). Recent Insider Transactions • Mar 06
Whole-Time Director recently sold ₹76k worth of stock On the 4th of March, Siddharth Gupta sold around 20k shares on-market at roughly ₹3.80 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Ankündigung • Feb 08
India Steel Works Limited to Report Q3, 2025 Results on Feb 14, 2025 India Steel Works Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Board Change • Jan 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Rajesh Pote was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 08
India Steel Works Limited to Report Q2, 2025 Results on Nov 14, 2024 India Steel Works Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Ankündigung • Sep 13
India Steel Works Limited, Annual General Meeting, Sep 30, 2024 India Steel Works Limited, Annual General Meeting, Sep 30, 2024, at 14:00 Indian Standard Time. Ankündigung • Aug 06
India Steel Works Limited to Report Q1, 2025 Results on Aug 14, 2024 India Steel Works Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Ankündigung • May 31
India Steel Works Limited to Report Q4, 2024 Results on Jun 07, 2024 India Steel Works Limited announced that they will report Q4, 2024 results on Jun 07, 2024 Ankündigung • Feb 28
India Steel Works Limited Approves Appointment of Ratna Deep Ranjan as Non-Executive Independent Director India Steel Works Limited at its EGM held on February 26, 2024 approved the Appointment of Mr. Ratna Deep Ranjan as Non-Executive Independent Director of the Company for first term of (Five) consecutive years. New Risk • Jan 25
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 7.5% 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 Less than 1 year of cash runway based on free cash flow trend (-₹14m free cash flow). Less than 1 year of cash runway based on free cash flow trend (-₹14m free cash flow). Earnings have declined by 30% per year over the past 5 years. Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m (₹20m revenue, or US$246k). Revenue is less than US$1m (₹20m revenue, or US$246k). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹1.50b market cap, or US$18.1m). Market cap is less than US$100m (₹1.50b market cap, or US$18.1m). Ankündigung • Jan 13
India Steel Works Limited to Report Q3, 2024 Results on Jan 16, 2024 India Steel Works Limited announced that they will report Q3, 2024 results on Jan 16, 2024 Recent Insider Transactions • Jan 02
Executive Chairman recently sold ₹2.6m worth of stock On the 29th of December, Sudhirkumar Gupta sold around 500k shares on-market at roughly ₹5.29 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sudhirkumar's only on-market trade for the last 12 months. Reported Earnings • Dec 22
Second quarter 2024 earnings released: ₹0.15 loss per share (vs ₹0.24 loss in 2Q 2023) Second quarter 2024 results: ₹0.15 loss per share (improved from ₹0.24 loss in 2Q 2023). Net loss: ₹60.3m (loss narrowed 36% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 86% per year, which means it is well ahead of earnings. Ankündigung • Dec 20
India Steel Works Limited to Report Q2, 2024 Results on Dec 20, 2023 India Steel Works Limited announced that they will report Q2, 2024 results on Dec 20, 2023 Ankündigung • Nov 08
India Steel Works Limited Announces Resignation of Santino Rocco Morea as Non - Executive Independent Director India Steel Works Limited announced that Mr. Santino Rocco Morea Non - Executive Independent Director of the Company has resigned from the Board of the Company with effect from 7th November 2023 on account of personal reasons/commitments. New Risk • Oct 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹812.1m (US$9.77m) 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 Less than 1 year of cash runway based on free cash flow trend (-₹10m free cash flow). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (₹42m revenue, or US$503k). Market cap is less than US$10m (₹812.1m market cap, or US$9.77m). Ankündigung • Sep 05
India Steel Works Limited Announces Resignation of Saachi Madnani as Non-Executive Independent Director India Steel Works Limited announced that Saachi Madnani (DIN: 10045589) Non-executive Independent Director of the Company has resigned from the Board of the Company with immediate effect i.e 4th September, 2023, on account of personal reasons. Members in following Committees of India Steel Works Limited: Audit Committee-Member, Nomination & Remuneration Committee- Member and Stakeholders relationship Committee-Member. Ankündigung • Sep 03
India Steel Works Limited, Annual General Meeting, Sep 29, 2023 India Steel Works Limited, Annual General Meeting, Sep 29, 2023, at 14:00 Indian Standard Time. Reported Earnings • Aug 18
First quarter 2024 earnings released: ₹0.14 loss per share (vs ₹0.21 loss in 1Q 2023) First quarter 2024 results: ₹0.14 loss per share (improved from ₹0.21 loss in 1Q 2023). Net loss: ₹54.5m (loss narrowed 35% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 72% per year, which means it is well ahead of earnings. Ankündigung • Aug 11
India Steel Works Limited to Report Q1, 2024 Results on Aug 14, 2023 India Steel Works Limited announced that they will report Q1, 2024 results on Aug 14, 2023 New Risk • Jul 19
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹66m (US$804k) This is considered a major risk. Companies with a small amount of revenue 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 Less than 1 year of cash runway based on free cash flow trend (-₹10m free cash flow). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m (₹66m revenue, or US$804k). Market cap is less than US$10m (₹716.5m market cap, or US$8.73m). Reported Earnings • Jul 19
Full year 2023 earnings released: ₹0.90 loss per share (vs ₹1.27 loss in FY 2022) Full year 2023 results: ₹0.90 loss per share (improved from ₹1.27 loss in FY 2022). Net loss: ₹359.2m (loss narrowed 29% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Ankündigung • Jul 17
India Steel Works Limited to Report Q4, 2023 Results on Jul 18, 2023 India Steel Works Limited announced that they will report Q4, 2023 results on Jul 18, 2023 Ankündigung • Jun 24
India Steel Works Limited Appoints Saachi Madnani as Non-Executive Independent Director of the Company India Steel Works Limited appointed Mrs. Saachi Madnani (DIN: 10045589) as a Non-Executive Independent Director of the Company. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹0.19 loss per share (vs ₹0.10 loss in 3Q 2022) Third quarter 2023 results: ₹0.19 loss per share (further deteriorated from ₹0.10 loss in 3Q 2022). Net loss: ₹75.5m (loss widened 83% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 106% per year, which means it is well ahead of earnings. Ankündigung • Feb 08
India Steel Works Limited to Report Q3, 2023 Results on Feb 14, 2023 India Steel Works Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Feb 14, 2023 Ankündigung • Dec 09
India Steel Works Limited Announces Resignation of Harpreet Baweja as Non-Executive Independent Director India Steel Works Limited announced that Mr. Harpreet Baweja, Non-executive Independent Director of the Company has resigned from the Board of the Company with immediate effect that is December 6, 2022, on account of personal reasons professional commitments. Ankündigung • Nov 22
India Steel Works Limited, Annual General Meeting, Dec 16, 2022 India Steel Works Limited, Annual General Meeting, Dec 16, 2022, at 14:00 Indian Standard Time. Reported Earnings • Nov 20
Second quarter 2023 earnings released: ₹0.24 loss per share (vs ₹0.17 loss in 2Q 2022) Second quarter 2023 results: ₹0.24 loss per share (further deteriorated from ₹0.17 loss in 2Q 2022). Net loss: ₹94.3m (loss widened 38% from 2Q 2022). 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 57% per year, which means it is well ahead of earnings. Ankündigung • Nov 09
India Steel Works Limited to Report Q2, 2023 Results on Nov 14, 2022 India Steel Works Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 01
Full year 2022 earnings released: ₹1.27 loss per share (vs ₹0.50 loss in FY 2021) Full year 2022 results: ₹1.27 loss per share (down from ₹0.50 loss in FY 2021). Net loss: ₹506.8m (loss widened 156% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings. Ankündigung • Jul 16
India Steel Works Limited Appoints Priyanka V. Gupta as an Additional Director India Steel Works Limited appointed Mrs. Priyanka V. Gupta as an Additional Director (Non- Executive, Non-independent Woman Director) of the Company, at the Board meeting held on 15 July, 2022. Mrs. Priyanka V. Gupta M. A in Politics, having more then 5 years of experience in the field of Consulting, marketing, making business strategies. Mrs. Priyanka V. Varun is one of the Promoters of the Company. She is the wife of Mr. Varun Gupta, ManagingDirector & CFO and daughter in law of Mr. Sudhir H. Gupta, Executive Chairman of the Company. Ankündigung • Jul 12
India Steel Works Limited to Report Q4, 2022 Results on Jul 20, 2022 India Steel Works Limited announced that they will report Q4, 2022 results on Jul 20, 2022 Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.10 loss per share (down from ₹0.03 loss in 3Q 2021). Revenue: ₹119.3m (down 75% from 3Q 2021). Net loss: ₹41.3m (loss widened 298% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Ankündigung • Feb 09
India Steel Works Limited to Report Q3, 2022 Results on Feb 14, 2022 India Steel Works Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Board Change • Dec 31
High number of new directors Non-Executive Independent Director Santino Morea was the last director to join the board, commencing their role in 2021. Board Change • Oct 26
Less than half of directors are independent 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. 1 independent director (3 non-independent directors). Non-Independent Director Bimal Desai was the last independent director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Executive Departure • Sep 23
Independent Chairman Tilak Bajalia has left the company On the 17th of September, Tilak Bajalia's tenure as Independent Chairman ended after 2.1 years in the role. We don't have any record of a personal shareholding under Tilak's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jun 11
Independent Director Riddhi Shah has left the company On the 4th of June, Riddhi Shah's tenure as Independent Director ended after 5.0 years in the role. We don't have any record of a personal shareholding under Riddhi's name. Riddhi is the only executive to leave the company over the last 12 months. Ankündigung • Feb 09
India Steel Works Limited to Report Q3, 2021 Results on Feb 13, 2021 India Steel Works Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Dec 30
New 90-day high: ₹0.77 The company is up 103% from its price of ₹0.38 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 35% over the same period. Reported Earnings • Dec 04
Second quarter 2021 earnings released: ₹0.09 loss per share The company reported a mediocre second quarter result with increased losses and weaker control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: ₹460.3m (up 41% from 2Q 2020). Net loss: ₹35.5m (loss widened 88% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 112% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 04
New 90-day high: ₹0.49 The company is up 23% from its price of ₹0.40 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 22% over the same period. Ankündigung • Nov 26
India Steel Works Limited, Annual General Meeting, Dec 17, 2020 India Steel Works Limited, Annual General Meeting, Dec 17, 2020, at 14:30 Indian Standard Time. Agenda: To receive, consider and adopt: the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2020 together with the Reports of the Board of Directors and Auditors thereon; to consider the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2020 together with the Report of the Auditors thereon; to declare dividend @0.01% amounting on the total paid up preference share capital of the Company for the financial year ended 31st March, 2020; to appoint a Director in place of Mr. Deepak Gaur (DIN: 07636636), who retires by rotation and being eligible, offers himself for re-appointment; and to consider other matters. Ankündigung • Nov 25
India Steel Works Limited to Report Q2, 2021 Results on Nov 30, 2020 India Steel Works Limited announced that they will report Q2, 2021 results on Nov 30, 2020 Is New 90 Day High Low • Oct 08
New 90-day low: ₹0.35 The company is down 49% from its price of ₹0.68 on 10 July 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 13% over the same period. Reported Earnings • Sep 26
First quarter earnings released Over the last 12 months the company has reported total losses of ₹220.0m, with losses widening by 129% from the prior year. Total revenue was ₹706.7m over the last 12 months, down 85% from the prior year. Is New 90 Day High Low • Sep 21
New 90-day low: ₹0.38 The company is down 24% from its price of ₹0.50 on 23 June 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 21% over the same period. Ankündigung • Jul 31
India Steel Works Limited to Report Q4, 2020 Results on Jul 31, 2020 India Steel Works Limited announced that they will report Q4, 2020 results on Jul 31, 2020