Bekanntmachung • Mar 31
The Carlyle Group Inc. (NasdaqGS:CG) agreed to acquire Basf India Coatings Private Limited from BASF India Limited (NSEI:BASF) for INR 2.3 billion. The Carlyle Group Inc. (NasdaqGS:CG) agreed to acquire Basf India Coatings Private Limited from BASF India Limited (NSEI:BASF) for INR 2.3 billion on March 30, 2026. Under the terms of the acquisition, The Carlyle Group Inc. will acquire 100% stake in Basf India Coatings Private Limited through Bond German BidCo 2 GmbH and Bond France BidCo SAS. The consideration will be paid in cash and is subject to adjustments. Upon completion, Basf India Coatings Private Limited will no longer operate as a subsidiary of BASF India Limited. For the period ending March 31, 2025, Basf India Coatings Private Limited reported total revenue of INR 4.8 billion. As of March 31, 2025, Basf India Coatings Private Limited reported net worth of INR 2 billion.
The transaction has been approved by the board of directors of BASF India Limited. The transaction is expected to close during the second quarter of 2026. Bekanntmachung • Mar 30
BASF India Limited to Report Fiscal Year 2026 Results on May 19, 2026 BASF India Limited announced that they will report fiscal year 2026 results on May 19, 2026 Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹24.48 (vs ₹23.92 in 3Q 2025) Third quarter 2026 results: EPS: ₹24.48 (up from ₹23.92 in 3Q 2025). Revenue: ₹38.7b (up 3.1% from 3Q 2025). Net income: ₹1.06b (up 2.3% from 3Q 2025). Profit margin: 2.7% (down from 2.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 09
Now 24% overvalued Over the last 90 days, the stock has fallen 13% to ₹3,926. The fair value is estimated to be ₹3,165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. Buy Or Sell Opportunity • Jan 22
Now 22% overvalued Over the last 90 days, the stock has fallen 18% to ₹3,648. The fair value is estimated to be ₹2,989, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. Bekanntmachung • Dec 23
BASF India Limited to Report Q3, 2026 Results on Feb 13, 2026 BASF India Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Major Estimate Revision • Nov 21
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₹167.8b to ₹148.7b. EPS estimate fell from ₹175 to ₹85.10 per share. Net income forecast to grow 34% next year vs 25% growth forecast for Chemicals industry in India. Consensus price target down from ₹5,425 to ₹4,312. Share price was steady at ₹4,395 over the past week. Price Target Changed • Nov 20
Price target decreased by 19% to ₹4,312 Down from ₹5,342, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₹4,369. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₹85.10 for next year compared to ₹111 last year. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹24.76 (vs ₹29.56 in 2Q 2025) Second quarter 2026 results: EPS: ₹24.76 (down from ₹29.56 in 2Q 2025). Revenue: ₹40.5b (down 4.8% from 2Q 2025). Net income: ₹1.07b (down 16% from 2Q 2025). Profit margin: 2.6% (down from 3.0% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • Sep 25
BASF India Limited to Report Q2, 2026 Results on Nov 14, 2025 BASF India Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Bekanntmachung • Jul 30
BASF India Limited (NSEI:BASF) signed a letter of intent to acquire 26% stake in Clean Max Amalfi Private Limited for INR 65.9 million. BASF India Limited (NSEI:BASF) signed a letter of intent to acquire 26% stake in Clean Max Amalfi Private Limited for INR 65.9 million on July 30, 2025.
The transaction is subject to approval of offer by acquirer board and definitive agreement, receipt of the requisite approvals and other specified conditions. The board approval has been received. Upcoming Dividend • Jul 23
Upcoming dividend of ₹20.00 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 11 September 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%). Reported Earnings • Jul 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹115 (down from ₹130 in FY 2024). Revenue: ₹151.6b (up 10% from FY 2024). Net income: ₹4.99b (down 11% from FY 2024). Profit margin: 3.3% (down from 4.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • Jun 27
BASF India Limited to Report Q1, 2026 Results on Jul 30, 2025 BASF India Limited announced that they will report Q1, 2026 results on Jul 30, 2025 Declared Dividend • May 21
Dividend increased to ₹20.00 Dividend of ₹20.00 is 33% higher than last year. Ex-date: 30th July 2025 Payment date: 11th September 2025 Dividend yield will be 0.4%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 73% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
Full year 2025 earnings released: EPS: ₹111 (vs ₹130 in FY 2024) Full year 2025 results: EPS: ₹111 (down from ₹130 in FY 2024). Revenue: ₹152.6b (up 11% from FY 2024). Net income: ₹4.79b (down 15% from FY 2024). Profit margin: 3.1% (down from 4.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. 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 22% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • May 14
BASF India Limited, Annual General Meeting, Aug 12, 2025 BASF India Limited, Annual General Meeting, Aug 12, 2025, at 15:00 Indian Standard Time. Price Target Changed • May 04
Price target decreased by 9.4% to ₹5,342 Down from ₹5,894, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₹4,299. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of ₹148 for next year compared to ₹130 last year. Board Change • May 04
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Bahram Vakil 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. Bekanntmachung • Mar 28
BASF India Limited to Report Fiscal Year 2025 Results on May 14, 2025 BASF India Limited announced that they will report fiscal year 2025 results at 12:08 PM, Indian Standard Time on May 14, 2025 Bekanntmachung • Feb 04
BASF India Limited Announces Closure of Turbo Tube Dryer Unit The Board of Directors of the BASF India Limited at its meeting held on 4th February 2025 have approved the closure of Turbo Tube Dryer (TTD) Unit at Company's manufacturing site at Dahej, pertaining to Company's Care Chemicals business. The decision to close the TTD unit was taken due to its technology not reflective of current Indian market standards leading to low utilization, high maintenance, increased production of off-specification materials, frequent write-offs and adverse performance. The closure of the Turbo Tube Dryer Unit is expected by first half of 2025 and will lead to direct fixed cost savings as against the unit earnings loss, which is estimated to be minor. During the financial year 2023-24, the Turbo Tube Dryer Unit, forming part of the Care Chemicals Business under Nutrition & Care Segment, contributed revenues of INR 377 million representing 0.3% of the total revenues of the Company. Bekanntmachung • Dec 27
BASF India Limited to Report Q3, 2025 Results on Feb 04, 2025 BASF India Limited announced that they will report Q3, 2025 results on Feb 04, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹29.56 (vs ₹34.45 in 2Q 2024) Second quarter 2025 results: EPS: ₹29.56 (down from ₹34.45 in 2Q 2024). Revenue: ₹42.7b (up 15% from 2Q 2024). Net income: ₹1.28b (down 14% from 2Q 2024). Profit margin: 3.0% (down from 4.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. 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 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹8,310, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹7,916, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 123% over the past three years. Bekanntmachung • Sep 27
BASF India Limited to Report Q2, 2025 Results on Nov 12, 2024 BASF India Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Bekanntmachung • Aug 08
Basf India Limited Approves Dividend for the Financial Year Ended 31 March 2024 BASF India Limited at the Annual General Meeting held on 7 August 2024 approved declaration of final dividend of INR 15 per equity share 150% for the financial year ended 31st March, 2024. Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: ₹50.96 (vs ₹26.03 in 1Q 2024) First quarter 2025 results: EPS: ₹50.96 (up from ₹26.03 in 1Q 2024). Revenue: ₹39.9b (up 18% from 1Q 2024). Net income: ₹2.21b (up 96% from 1Q 2024). Profit margin: 5.5% (up from 3.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. 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 26% per year, which means it is well ahead of earnings. New Risk • Aug 07
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 9.3% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jul 19
Upcoming dividend of ₹15.00 per share Eligible shareholders must have bought the stock before 26 July 2024. Payment date: 06 September 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.7%). Board Change • Jul 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Bahram Vakil 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. Reported Earnings • Jul 10
Full year 2024 earnings released: EPS: ₹130 (vs ₹93.08 in FY 2023) Full year 2024 results: EPS: ₹130 (up from ₹93.08 in FY 2023). Revenue: ₹137.7b (flat on FY 2023). Net income: ₹5.63b (up 40% from FY 2023). Profit margin: 4.1% (up from 3.0% in FY 2023). Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Bekanntmachung • Jun 29
BASF India Limited to Report Q1, 2025 Results on Aug 07, 2024 BASF India Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹4,695, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 86% over the past three years. Declared Dividend • May 17
Dividend increased to ₹15.00 Dividend of ₹15.00 is 88% higher than last year. Ex-date: 26th July 2024 Payment date: 6th September 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Bekanntmachung • May 16
BASF India Limited, Annual General Meeting, Aug 07, 2024 BASF India Limited, Annual General Meeting, Aug 07, 2024, at 15:00 Indian Standard Time. Reported Earnings • May 15
Full year 2024 earnings released: EPS: ₹130 (vs ₹93.08 in FY 2023) Full year 2024 results: EPS: ₹130 (up from ₹93.08 in FY 2023). Revenue: ₹138.4b (up 1.5% from FY 2023). Net income: ₹5.63b (up 40% from FY 2023). Profit margin: 4.1% (up from 3.0% in FY 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Bekanntmachung • May 15
BASF India Limited Recommends Dividend for the Financial Year Ended 31 March 2024, Payable on or After 12 August 2024 The Board of Directors of BASF India Limited at their meeting held on 14 May 2024 have recommended a dividend of INR 15/- per equity share i.e., 150% for the financial year ended 31 March 2024, subject to the approval of the shareholders at the forthcoming Annual General Meeting. The dividend, if approved, by the shareholders, will be payable on or after 12 August 2024. Bekanntmachung • Mar 29
BASF India Limited to Report Fiscal Year 2024 Results on May 14, 2024 BASF India Limited announced that they will report fiscal year 2024 results on May 14, 2024 Bekanntmachung • Mar 27
BASF India Limited Announces Board Retirements, Effective March 31, 2024 BASF India Limited announced that the Board of Directors of the Company at its Meeting held on 27th March 2024 has approved/took note of the following changes in the Board of Directors of the Company: Noting of the retirement of Mr. Rajendra A. Shah and Mr. Arun Bewoor as Independent Directors of the Company effective March 31, 2024. Price Target Changed • Feb 15
Price target increased by 26% to ₹3,465 Up from ₹2,756, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₹3,370. Stock is up 47% over the past year. The company is forecast to post earnings per share of ₹123 for next year compared to ₹93.08 last year. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹32.36 (vs ₹2.46 in 3Q 2023) Third quarter 2024 results: EPS: ₹32.36 (up from ₹2.46 in 3Q 2023). Revenue: ₹33.5b (up 16% from 3Q 2023). Net income: ₹1.40b (up ₹1.29b from 3Q 2023). Profit margin: 4.2% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Bekanntmachung • Feb 12
BASF India Limited Announces Directorate Changes The board of directors of BASF India Limited at its meeting held on February 12, 2024, approved the appointment of Mr. Marcelo R. Lu (DIN: 10462274) as the Non-Executive and Non-Independent Director of the Company, effective 12th February 2024, subject to the approval of the Shareholders of the Company. Further, the Board of Directors of the Company has also approved the appointment of Mr. Narendranath J. Baliga (DIN: 07005484) as an Alternate Director to Mr. Marcelo R. Lu, effective 12th February 2024. Mr. Narendranath J. Baliga, aged 56 years is a Chartered Accountant and a graduate in Business Management. He joined BASF in 1994, and during his 3-decades long tenure with the Company, he has managed regional and global responsibilities in India, Singapore, China & Germany in the areas of Finance, Controlling, Supply Chain and Process & Enterprise Architecture. Mr. Narendranath J. Baliga is the Chief Financial Officer of the Company since January 1, 2015 and is also Vice President - Global Business Services. Bekanntmachung • Dec 28
BASF India Limited to Report Q3, 2024 Results on Feb 12, 2024 BASF India Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Bekanntmachung • Nov 10
BASF India Limited Announces Changes in the Board of Directors, Effective from January 31, 2024 BASF India Limited announced the resignation of Dr. Carola Richter as the Non-Executive and Non-Independent Director of the Company, with effect from the close of business hours on 31st January 2024, as she has decided to pursue her career outside BASF. Pursuant to the above, Mr. Narendranath J. Baliga who is an Alternate Director to Dr. Carola Richter, will cease to act as an Alternate Director, with effect from the close of business hours on 31st January 2024. Price Target Changed • Nov 10
Price target increased by 11% to ₹3,225 Up from ₹2,909, the current price target is provided by 1 analyst. New target price is 13% above last closing price of ₹2,845. Stock is up 6.7% over the past year. The company is forecast to post earnings per share of ₹123 for next year compared to ₹93.08 last year. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹34.45 (vs ₹26.13 in 2Q 2023) Second quarter 2024 results: EPS: ₹34.45 (up from ₹26.13 in 2Q 2023). Revenue: ₹37.2b (up 3.9% from 2Q 2023). Net income: ₹1.49b (up 32% from 2Q 2023). Profit margin: 4.0% (up from 3.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Bekanntmachung • Sep 28
BASF India Limited to Report Q2, 2024 Results on Nov 09, 2023 BASF India Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Bekanntmachung • Aug 05
BASF India Limited Approves Final Dividend for the Financial Year Ended 31St March, 2023 BASF India Limited at the Annual General Meeting held on 4 August 2023 approved declaration of final dividend of INR 8 per equity share 80% for the financial year ended 31st March, 2023. Upcoming Dividend • Jul 14
Upcoming dividend of ₹8.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 21 July 2023. Payment date: 03 September 2023. Payout ratio is a comfortable 8.6% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.9%). Reported Earnings • Jul 10
Full year 2023 earnings released: EPS: ₹93.08 (vs ₹137 in FY 2022) Full year 2023 results: EPS: ₹93.08 (down from ₹137 in FY 2022). Revenue: ₹136.4b (up 4.2% from FY 2022). Net income: ₹4.03b (down 32% from FY 2022). Profit margin: 3.0% (down from 4.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 25% per year. Bekanntmachung • Jun 29
BASF India Limited to Report Q1, 2024 Results on Jul 24, 2023 BASF India Limited announced that they will report Q1, 2024 results on Jul 24, 2023 Reported Earnings • May 11
Full year 2023 earnings released: EPS: ₹93.08 (vs ₹137 in FY 2022) Full year 2023 results: EPS: ₹93.08 (down from ₹137 in FY 2022). Revenue: ₹136.8b (up 4.4% from FY 2022). Net income: ₹4.03b (down 32% from FY 2022). Profit margin: 2.9% (down from 4.5% 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 26% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: ₹2.46 (vs ₹25.50 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.46 (down from ₹25.50 in 3Q 2022). Revenue: ₹29.0b (down 12% from 3Q 2022). Net income: ₹106.4m (down 90% from 3Q 2022). Profit margin: 0.4% (down from 3.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 36% per year. Bekanntmachung • Dec 28
BASF India Limited to Report Q3, 2023 Results on Jan 31, 2023 BASF India Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Woman Director Shyamala Gopinath was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: ₹26.13 (vs ₹31.73 in 2Q 2022) Second quarter 2023 results: EPS: ₹26.13 (down from ₹31.73 in 2Q 2022). Revenue: ₹35.9b (up 5.5% from 2Q 2022). Net income: ₹1.13b (down 18% from 2Q 2022). Profit margin: 3.1% (down from 4.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 14
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 4.4% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (0.8%). Reported Earnings • Jul 09
Full year 2022 earnings released: EPS: ₹137 (vs ₹128 in FY 2021) Full year 2022 results: EPS: ₹137 (up from ₹128 in FY 2021). Revenue: ₹131.0b (up 37% from FY 2021). Net income: ₹5.95b (up 7.6% from FY 2021). Profit margin: 4.5% (down from 5.8% 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 74% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 10
Full year 2022 earnings released: EPS: ₹137 (vs ₹128 in FY 2021) Full year 2022 results: EPS: ₹137 (up from ₹128 in FY 2021). Revenue: ₹131.2b (up 37% from FY 2021). Net income: ₹5.95b (up 7.6% from FY 2021). Profit margin: 4.5% (down from 5.8% 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 74% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to ₹3,675 Up from ₹2,300, the current price target is provided by 1 analyst. New target price is 38% above last closing price of ₹2,670. Stock is up 30% over the past year. The company posted earnings per share of ₹128 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Woman Director Shyamala Gopinath was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹25.50 (down from ₹26.60 in 3Q 2021). Revenue: ₹32.9b (up 31% from 3Q 2021). Net income: ₹1.10b (down 4.2% from 3Q 2021). Profit margin: 3.4% (down from 4.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.