Buy Or Sell Opportunity • Jul 03
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to ₹45.98. The fair value is estimated to be ₹35.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 50%. Ankündigung • May 20
Barak Valley Cements Limited to Report Q4, 2026 Results on May 27, 2026 Barak Valley Cements Limited announced that they will report Q4, 2026 results on May 27, 2026 New Risk • Mar 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹896.6m (US$9.80m) 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 (₹896.6m market cap, or US$9.80m). Minor Risk Profit margins are more than 30% lower than last year (0.01% net profit margin). New Risk • Feb 19
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: 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 (0.01% net profit margin). Market cap is less than US$100m (₹956.4m market cap, or US$10.5m). Reported Earnings • Feb 10
Third quarter 2026 earnings released: ₹1.04 loss per share (vs ₹0.61 profit in 3Q 2025) Third quarter 2026 results: ₹1.04 loss per share (down from ₹0.61 profit in 3Q 2025). Revenue: ₹478.5m (down 13% from 3Q 2025). Net loss: ₹23.1m (down 270% from profit in 3Q 2025). 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 22% per year, which means it is well ahead of earnings. Ankündigung • Feb 03
Barak Valley Cements Limited to Report Q3, 2026 Results on Feb 09, 2026 Barak Valley Cements Limited announced that they will report Q3, 2026 results on Feb 09, 2026 New Risk • Jan 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹895.5m (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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₹40.41. The fair value is estimated to be ₹51.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. New Risk • Dec 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹887.7m (US$9.88m) 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Dec 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₹40.87. The fair value is estimated to be ₹51.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. Reported Earnings • Nov 16
Second quarter 2026 earnings released: ₹0.06 loss per share (vs ₹0.24 loss in 2Q 2025) Second quarter 2026 results: ₹0.06 loss per share (improved from ₹0.24 loss in 2Q 2025). Revenue: ₹475.3m (up 14% from 2Q 2025). Net loss: ₹1.81m (loss narrowed 67% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Ankündigung • Nov 11
Barak Valley Cements Limited to Report Q2, 2026 Results on Nov 14, 2025 Barak Valley Cements Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Buy Or Sell Opportunity • Oct 13
Now 22% undervalued Over the last 90 days, the stock has risen 31% to ₹48.92. The fair value is estimated to be ₹62.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Sep 19
Now 21% undervalued Over the last 90 days, the stock has risen 39% to ₹52.01. The fair value is estimated to be ₹65.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹47.02, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 34x in the Basic Materials industry in India. Total returns to shareholders of 90% over the past three years. Ankündigung • Aug 18
Barak Valley Cements Limited, Annual General Meeting, Sep 29, 2025 Barak Valley Cements Limited, Annual General Meeting, Sep 29, 2025, at 15:00 Indian Standard Time. Location: debendra nagar, jhoombasti, p.0. badarpurghat, distt. karimganj, assam - 788803., assam India 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: 3.1% 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: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (₹965.1m market cap, or US$11.0m). Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹0.60 (vs ₹1.43 in 1Q 2025) First quarter 2026 results: EPS: ₹0.60 (down from ₹1.43 in 1Q 2025). Revenue: ₹577.1m (up 7.8% from 1Q 2025). Net income: ₹13.3m (down 58% from 1Q 2025). Profit margin: 2.3% (down from 5.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 09
Barak Valley Cements Limited to Report Q1, 2026 Results on Aug 14, 2025 Barak Valley Cements Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Jul 22
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: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹1.06b market cap, or US$12.3m). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹44.34, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 46x in the Basic Materials industry in India. Total returns to shareholders of 91% over the past three years. Buy Or Sell Opportunity • Jul 11
Now 20% overvalued Over the last 90 days, the stock has fallen 2.9% to ₹37.01. The fair value is estimated to be ₹30.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 25
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 3.4% to ₹38.24. The fair value is estimated to be ₹30.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹2.33 (vs ₹3.27 in FY 2024) Full year 2025 results: EPS: ₹2.33 (down from ₹3.27 in FY 2024). Revenue: ₹2.09b (down 11% from FY 2024). Net income: ₹51.7m (down 29% from FY 2024). Profit margin: 2.5% (down from 3.1% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Ankündigung • May 19
Barak Valley Cements Limited to Report Q4, 2025 Results on May 29, 2025 Barak Valley Cements Limited announced that they will report Q4, 2025 results on May 29, 2025 New Risk • Feb 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹840.5m (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 (₹840.5m market cap, or US$9.68m). Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.61 (vs ₹1.08 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.61 (down from ₹1.08 in 3Q 2024). Revenue: ₹549.8m (down 7.0% from 3Q 2024). Net income: ₹13.6m (down 44% from 3Q 2024). Profit margin: 2.5% (down from 4.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 03
Barak Valley Cements Limited to Report Q3, 2025 Results on Feb 14, 2025 Barak Valley Cements Limited announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Nov 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: 1.7% Last year net profit margin: 4.2% 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: Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (₹1.12b market cap, or US$13.3m). Ankündigung • Nov 04
Barak Valley Cements Limited to Report Q2, 2025 Results on Nov 14, 2024 Barak Valley Cements Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Board Change • Sep 13
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Additional Non-Executive Director Nishant Garodia 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 • Aug 16
Barak Valley Cements Limited, Annual General Meeting, Sep 30, 2024 Barak Valley Cements Limited, Annual General Meeting, Sep 30, 2024, at 15:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: ₹4.45 (vs ₹1.47 in 1Q 2024) First quarter 2025 results: EPS: ₹4.45. Revenue: ₹536.3m (down 3.5% from 1Q 2024). Net income: ₹31.7m (down 2.8% from 1Q 2024). Profit margin: 5.9% (in line with 1Q 2024). Ankündigung • Aug 03
Barak Valley Cements Limited to Report Q1, 2025 Results on Aug 14, 2024 Barak Valley Cements Limited announced that they will report Q1, 2025 results on Aug 14, 2024 New Risk • Jul 22
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 8.0% 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: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹1.54b market cap, or US$18.5m). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹69.72, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 33x in the Basic Materials industry in India. Total returns to shareholders of 199% over the past three years. Ankündigung • Jul 08
Barak Valley Cements Limited Announces Resignation of Mahendra Kumar Agarwal, Non-Executive Director, Member of the Nomination and Remuneration Committee, General Purpose Committee and Corporate Social Responsibility Committee Barak Valley Cements Limited announced resignation of Mr. Mahendra Kumar Agarwal, Non-Executive Director of the Company with effect from July 08, 2024 due to his pre-occupation in other businesses. Consequently, he shall also ceases to be a Member of the Nomination and Remuneration Committee, General Purpose Committee and Corporate Social Responsibility Committee of the Company. Ankündigung • May 23
Barak Valley Cements Limited to Report Q4, 2024 Results on May 30, 2024 Barak Valley Cements Limited announced that they will report Q4, 2024 results on May 30, 2024 Buy Or Sell Opportunity • May 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ₹57.75. The fair value is estimated to be ₹72.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 39%. Buy Or Sell Opportunity • Mar 27
Now 22% undervalued Over the last 90 days, the stock has risen 6.6% to ₹55.90. The fair value is estimated to be ₹71.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 39%. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹58.60, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 31x in the Basic Materials industry in India. Total returns to shareholders of 230% over the past three years. Buy Or Sell Opportunity • Mar 07
Now 20% undervalued Over the last 90 days, the stock has risen 7.7% to ₹57.85. The fair value is estimated to be ₹72.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 39%. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹1.08 (vs ₹0.68 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.08 (up from ₹0.68 in 3Q 2023). Revenue: ₹592.4m (up 31% from 3Q 2023). Net income: ₹24.0m (up 59% from 3Q 2023). Profit margin: 4.1% (up from 3.4% 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 39% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 06
Barak Valley Cements Limited to Report Q3, 2024 Results on Feb 14, 2024 Barak Valley Cements Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹63.25, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 37x in the Basic Materials industry in India. Total returns to shareholders of 272% over the past three years. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹1.24 (vs ₹0.45 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.24 (up from ₹0.45 in 2Q 2023). Revenue: ₹509.4m (up 35% from 2Q 2023). Net income: ₹27.6m (up 176% from 2Q 2023). Profit margin: 5.4% (up from 2.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Nov 10
Barak Valley Cements Limited Appoints Vishal More as the Chairman of Audit Committee Barak Valley Cements Limited at its board meeting held on November 9, 2023, appointed Mr. Vishal More as the Chairman of Audit Committee. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹41.65, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 32x in the Basic Materials industry in India. Total returns to shareholders of 204% over the past three years. Ankündigung • Nov 01
Barak Valley Cements Limited to Report Q2, 2024 Results on Nov 09, 2023 Barak Valley Cements Limited announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Oct 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹829.9m (US$9.98m) 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 (1.9x net interest cover). Market cap is less than US$10m (₹829.9m market cap, or US$9.98m). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹1.47 (vs ₹0.63 in 1Q 2023) First quarter 2024 results: EPS: ₹1.47 (up from ₹0.63 in 1Q 2023). Revenue: ₹555.7m (up 43% from 1Q 2023). Net income: ₹32.6m (up 132% from 1Q 2023). Profit margin: 5.9% (up from 3.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 30
Barak Valley Cements Limited to Report Q1, 2024 Results on Aug 11, 2023 Barak Valley Cements Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Ankündigung • Jun 24
Barak Valley Cements Limited Announces Resignation of Mr. Dhanpat Ram Agarwal as Director Barak Valley Cements Limited informed that Mr. Dhanpat Ram Agarwal, Independent Director of the Company has vide his resignation letter dated 21 June, 2023, resigned from the Board of the Company with immediate effect, on account of personal reason and other professional commitments. further confirmed that there is no other material reason for his resignation other than those provided above. Confirmation pursuant to Clause 7B of Para A of Part A of Schedule Il to the SEBI (LODR) Regulations, 2015, received from the Independent Director is enclosed. Further, Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, and SEBI circular dated September 2015 are as under: 09, 1. Reason for Change in Director: Resignation as Independent Director of the Company, due to personal reason and professional commitments. Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹2.35 (vs ₹2.04 loss in FY 2022) Full year 2023 results: EPS: ₹2.35 (up from ₹2.04 loss in FY 2022). Revenue: ₹1.84b (up 4.8% from FY 2022). Net income: ₹52.0m (up ₹97.3m from FY 2022). Profit margin: 2.8% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Ankündigung • May 17
Barak Valley Cements Limited to Report Q4, 2023 Results on May 30, 2023 Barak Valley Cements Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹35.65, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 25x in the Basic Materials industry in India. Total returns to shareholders of 243% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹29.25, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 24x in the Basic Materials industry in India. Total returns to shareholders of 232% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.68 (vs ₹5.59 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.68 (up from ₹5.59 loss in 3Q 2022). Revenue: ₹453.9m (up 23% from 3Q 2022). Net income: ₹15.1m (up ₹139.1m from 3Q 2022). Profit margin: 3.3% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹0.45 (vs ₹0.72 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.45 (down from ₹0.72 in 2Q 2022). Revenue: ₹380.3m (down 4.3% from 2Q 2022). Net income: ₹10.0m (down 37% from 2Q 2022). Profit margin: 2.6% (down from 4.0% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Additional Director Gaurav Tulshyan was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 08
Vice Chairman of the Board recently sold ₹362k worth of stock On the 5th of September, Mahendra Agarwal sold around 15k shares on-market at roughly ₹23.95 per share. This transaction amounted to 1.0% 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 Mahendra's only on-market trade for the last 12 months. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹0.63 (vs ₹0.52 in 1Q 2022) First quarter 2023 results: EPS: ₹0.63 (up from ₹0.52 in 1Q 2022). Revenue: ₹390.7m (down 13% from 1Q 2022). Net income: ₹14.1m (up 21% from 1Q 2022). Profit margin: 3.6% (up from 2.6% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • May 29
Full year 2022 earnings released: ₹2.04 loss per share (vs ₹1.06 profit in FY 2021) Full year 2022 results: ₹2.04 loss per share (down from ₹1.06 profit in FY 2021). Revenue: ₹1.76b (up 20% from FY 2021). Net loss: ₹45.2m (down 292% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Apr 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent & Non-Executive Director Puran Chand was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹5.59 loss per share (down from ₹1.46 profit in 3Q 2021). Revenue: ₹368.8m (down 6.3% from 3Q 2021). Net loss: ₹123.9m (down 483% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent & Non-Executive Director Puran Chand was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent & Non-Executive Director Puran Chand was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Nov 29
Company Secretary & Compliance Officer - Deepa has left the company On the 20th of November, - Deepa's tenure as Company Secretary & Compliance Officer ended after 1.0 years in the role. We don't have any record of a personal shareholding under -'s name. - is the only executive to leave the company over the last 12 months. Reported Earnings • Nov 18
Second quarter 2022 earnings released: EPS ₹0.72 (vs ₹0.55 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹400.8m (up 27% from 2Q 2021). Net income: ₹16.0m (up 31% from 2Q 2021). Profit margin: 4.0% (up from 3.9% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 18% share price gain to ₹26.00, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 19x in the Basic Materials industry in India. Total returns to shareholders of 32% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹1.06 (vs ₹2.74 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.48b (down 8.6% from FY 2020). Net income: ₹23.5m (down 61% from FY 2020). Profit margin: 1.6% (down from 3.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 17% share price gain to ₹22.15, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 17x in the Basic Materials industry in India. Negligible returns to shareholders over past three years. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS ₹1.46 (vs ₹0.04 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹393.6m (up 5.2% from 3Q 2020). Net income: ₹32.3m (up ₹33.1m from 3Q 2020). Profit margin: 8.2% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.