Reported Earnings • Aug 15
First quarter 2027 earnings released: ₹0.26 loss per share (vs ₹0.62 loss in 1Q 2026) First quarter 2027 results: ₹0.26 loss per share (improved from ₹0.62 loss in 1Q 2026). Revenue: ₹1.80b (up 98% from 1Q 2026). Net loss: ₹154.8m (loss narrowed 59% from 1Q 2026). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 07
KIOCL Limited to Report Q1, 2027 Results on Aug 13, 2026 KIOCL Limited announced that they will report Q1, 2027 results on Aug 13, 2026 Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹0.27 (vs ₹3.37 loss in FY 2025) Full year 2026 results: EPS: ₹0.27 (up from ₹3.37 loss in FY 2025). Revenue: ₹7.08b (up 20% from FY 2025). Net income: ₹165.7m (up ₹2.21b from FY 2025). Profit margin: 2.3% (up from net loss in FY 2025). The move to profitability was primarily driven by higher revenue. 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 29% per year, which means it is well ahead of earnings. Ankündigung • May 22
KIOCL Limited to Report Q4, 2026 Results on May 27, 2026 KIOCL Limited announced that they will report Q4, 2026 results on May 27, 2026 New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% 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 Earnings have declined by 69% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.30 (vs ₹0.79 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.30 (up from ₹0.79 loss in 3Q 2025). Revenue: ₹1.75b (down 2.9% from 3Q 2025). Net income: ₹181.3m (up ₹659.2m from 3Q 2025). Profit margin: 10% (up from net loss in 3Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Ankündigung • Feb 09
KIOCL Limited to Report Q3, 2026 Results on Feb 12, 2026 KIOCL Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Buy Or Sell Opportunity • Jan 29
Now 23% overvalued Over the last 90 days, the stock has fallen 12% to ₹379. The fair value is estimated to be ₹307, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 38% over the last 3 years. Earnings per share has declined by 59%. Buy Or Sell Opportunity • Jan 14
Now 23% overvalued Over the last 90 days, the stock has fallen 17% to ₹379. The fair value is estimated to be ₹308, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 38% over the last 3 years. Earnings per share has declined by 59%. Buy Or Sell Opportunity • Dec 24
Now 24% overvalued Over the last 90 days, the stock has fallen 17% to ₹381. The fair value is estimated to be ₹307, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 38% over the last 3 years. Earnings per share has declined by 59%. Reported Earnings • Nov 16
Second quarter 2026 earnings released: ₹0.28 loss per share (vs ₹1.14 loss in 2Q 2025) Second quarter 2026 results: ₹0.28 loss per share (improved from ₹1.14 loss in 2Q 2025). Revenue: ₹1.60b (up ₹1.44b from 2Q 2025). Net loss: ₹171.6m (loss narrowed 75% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Ankündigung • Nov 11
KIOCL Limited to Report Q2, 2026 Results on Nov 14, 2025 KIOCL Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Ankündigung • Sep 05
KIOCL Limited, Annual General Meeting, Sep 29, 2025 KIOCL Limited, Annual General Meeting, Sep 29, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: ₹0.62 loss per share (vs ₹0.83 loss in 1Q 2025) First quarter 2026 results: ₹0.62 loss per share (improved from ₹0.83 loss in 1Q 2025). Revenue: ₹1.08b (down 27% from 1Q 2025). Net loss: ₹377.9m (loss narrowed 26% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 06
KIOCL Limited to Report Q1, 2026 Results on Aug 08, 2025 KIOCL Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Buy Or Sell Opportunity • Jul 25
Now 24% undervalued Over the last 90 days, the stock has risen 30% to ₹340. The fair value is estimated to be ₹447, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 34% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jul 23
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 7.7% 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 Risk Earnings have declined by 55% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • May 29
Full year 2025 earnings released: ₹3.37 loss per share (vs ₹1.37 loss in FY 2024) Full year 2025 results: ₹3.37 loss per share (further deteriorated from ₹1.37 loss in FY 2024). Revenue: ₹6.41b (down 66% from FY 2024). Net loss: ₹2.05b (loss widened 146% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Ankündigung • May 26
KIOCL Limited to Report Q4, 2025 Results on May 28, 2025 KIOCL Limited announced that they will report Q4, 2025 results on May 28, 2025 New Risk • May 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 8.5% 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 Risk Earnings have declined by 48% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • Feb 14
Third quarter 2025 earnings released: ₹0.79 loss per share (vs ₹0.64 profit in 3Q 2024) Third quarter 2025 results: ₹0.79 loss per share (down from ₹0.64 profit in 3Q 2024). Revenue: ₹1.91b (down 65% from 3Q 2024). Net loss: ₹477.9m (down 222% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 05
KIOCL Limited to Report Q3, 2025 Results on Feb 13, 2025 KIOCL Limited announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Dec 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 38% per year over the past 5 years. New Risk • Nov 14
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 7.7% 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 Risk Earnings have declined by 38% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Ankündigung • Nov 07
KIOCL Limited Announces Board Changes KIOCL Limited announced the appointment of Shri. Vinod Kumar Tripathi, Joint Secretary, Ministry of Steel, as Government Nominee director with effect from 6 November 2024 vice Dr. Sanjay Roy, Joint Secretary, Ministry of Steel. Ankündigung • Nov 05
KIOCL Limited Announces Completion of Tenure of Changdev S Kamble and Usha Narayan, Independent Directors KIOCL Limited announced that the three-year term of Shri Changdev Kamble & Dr. Usha Narayan, Independent Directors ended with effect from November 1, 2024. Reported Earnings • Oct 31
Second quarter 2025 earnings released: ₹1.14 loss per share (vs ₹0.35 loss in 2Q 2024) Second quarter 2025 results: ₹1.14 loss per share (further deteriorated from ₹0.35 loss in 2Q 2024). Revenue: ₹291.1m (down 93% from 2Q 2024). Net loss: ₹692.1m (loss widened 224% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. Ankündigung • Oct 29
The Union Government Plans to Merge KIOCL with NMDC The Union government is planning to merge KIOCL Limited (NSEI:KIOCL) ((Kudremukh Iron Ore Company Ltd.) with India’s largest iron ore merchant miner, NMDC Limited (BSE:526371) soon, according to a senior steel ministry official. This follows KIOCL Limited (NSEI:KIOCL)'s challenges in commencing mining operations at Devadari in Karnataka, the official said. Detailed proposals, currently being prepared, will assess whether NMDC needs to make any payments to the steel ministry or the Centre in relation to the merger, it is learnt. The report will also evaluate the viability of the merger. The merger or amalgamation will require additional clearances from several ministries. Ankündigung • Oct 23
KIOCL Limited to Report Q2, 2025 Results on Oct 30, 2024 KIOCL Limited announced that they will report Q2, 2025 results on Oct 30, 2024 Board Change • Sep 10
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Government Nominee Non-Executive & Non-Independent Director Sukriti Likhi is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Sep 05
KIOCL Limited, Annual General Meeting, Sep 27, 2024 KIOCL Limited, Annual General Meeting, Sep 27, 2024, at 12:00 Indian Standard Time. Ankündigung • Aug 14
KIOCL Limited Appoints Shri. K V Balakrishnan Nair as Company Secretary and Compliance Officer The Board of KIOCL Limited at its 293rd Meeting held on 14.08.2024, also accorded approval for appointment of Shri. K V Balakrishnan Nair as Company Secretary & Compliance Officer of the company. Ankündigung • Aug 08
KIOCL Limited to Report Q1, 2025 Results on Aug 14, 2024 KIOCL Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Ankündigung • Jul 09
KIOCL Limited Announces Resignation of Shri Pushp Kant Mishra as Company Secretary KIOCL Limited announced the resignation of Shri Pushp Kant Mishra as Company Secretary. The management has accepted his resignation and accordingly, he has been relived from his duties effective from July 9, 2024. Ankündigung • Jun 13
KIOCL Limited Announces Stoppage of Operation of Pellet Plant Unit Situated At Mangalore KIOCL Limited announced that the operation of Pellet Plant Unit (The Plant) of the Company situated at Mangalore has suspended production on June 10, 2024 due to ongoing downward trend in pellet market condition. Company shall keep the stock exchanges informed as soon as the operations at the plant resumes. Reported Earnings • May 30
Full year 2024 earnings released: ₹1.37 loss per share (vs ₹1.61 loss in FY 2023) Full year 2024 results: ₹1.37 loss per share (improved from ₹1.61 loss in FY 2023). Revenue: ₹19.0b (up 23% from FY 2023). Net loss: ₹833.1m (loss narrowed 15% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Board Change • May 23
Less than half of directors are independent There are 6 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: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Government Nominee Non-Executive & Non-Independent Director Sukriti Likhi is the most experienced director on the board, commencing their role in 2021. Non-Official Independent Director Changdev Kamble 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 • Apr 21
KIOCL Limited Announces Change in Management KIOCL Limited announced that Ministry of Steel, Govt. of India vide its order no. S-14015/4/2023-BLA dated April 19, 2024 assigned additional charge of the post of Director (Finance) to Shri Binay Krushna Mahapatra, Director (Commercial) of the Company, for a period of one year with effect from April 19, 2024 up to April 16, 2025 or till a regular incumbent joins the post, or till further orders, whichever is the earliest. In pursuance to aforesaid order, Shri Binay Krushna Mahapatra, Director (Commercial) of the Company has assumed the additional charge of Director (Finance), KIOCL with effect from April 19, 2024 vice Shri T. Saminathan, Chairman-cum-Managing Director, of the Company. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹0.64 (vs ₹0.56 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.64 (up from ₹0.56 loss in 3Q 2023). Revenue: ₹5.61b (up 95% from 3Q 2023). Net income: ₹390.3m (up ₹729.1m from 3Q 2023). Profit margin: 7.0% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 133 percentage points per year, which is a significant difference in performance. Board Change • Dec 28
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Chairman & MD Thimmalagundhi Saminathan is the most experienced director on the board, commencing their role in 2019. Non-Official Independent Director Changdev Kamble 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 • Sep 29
KIOCL Limited Announces Intimation Regarding Temporary Suspension Of Operation Of Pellet Plant Unit Situated At Mangalore KIOCL Limited informed that the operation of Pellet Plant Unit (The Plant) of the Company at Mangalore have been temporarily suspended with effect from i.e., 28th September 2023 (05:00 AM) due to non-availability of iron-ore fines and as well as for carrying out maintenance activities. The company shall keep the stock exchanges informed as soon as the operations at the plant resumes. Ankündigung • Sep 23
KIOCL Limited Recommends No Dividend for the Year 2022-23 The Board of Directors of KIOCL Limited had not recommended payment of dividend for the year 2022-23 due to absence of distributable pro its. Ankündigung • Aug 03
KIOCL Limited to Report Q1, 2024 Results on Aug 09, 2023 KIOCL Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Ankündigung • Jun 17
KIOCL Limited Restarts Pellet Plant Unit At Mangalore it is hereby informed that the operations of Pellet Plant Unit of KIOCL Limited at Mangalore have been restarted, with effect from June 15, 2023. Reported Earnings • Jun 01
Full year 2023 earnings released: ₹1.61 loss per share (vs ₹5.16 profit in FY 2022) Full year 2023 results: ₹1.61 loss per share (down from ₹5.16 profit in FY 2022). Revenue: ₹16.2b (down 46% from FY 2022). Net loss: ₹976.7m (down 131% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Ankündigung • May 27
KIOCL Limited Announces Change of Director (Finance) KIOCL Limited announced that Ministry of Steel vide Order No. 5/2/2021-BLA dated May 24, 2023 has appointed Shri Manoj Kumar Jhawar as Director (Finance) of KIOCL Limited for a period of 5 years from the date of his assumption of charge of the post or till the date of his superannuation, or until further orders, whichever is earlier. Accordingly, Shri Manoj Kumar Jhawar has assumed the charge of Director (Finance), KIOCL Limited on May 26, 2023. Further, in pursuance to Ministry of Steel Order dated April 18, 2023, Shri. B. K Mahapatra, Director (Commercial) has relinquished the additional charge of Director (Finance) of the Company With effect from May 26, 2023. Shri Manoj Kumar Jhawar, aged 54 years, is a graduate in Mechanical Engineering with PG in Industrial Engineering & Management. Shri Jhawar is also the member of the Institute of Cost Accountants of India and holds a Doctorate (PHD) in Management Sciences. Shri Jhawar is having experience of more than three decades in the field of Power Sector and has worked in Commercial, IT, Management, Finance and Engineering Domains of the Company. Shri Jhawar also served at various Senior Management roles as Director, CFO, Chief IT Officer & Executive Director etc. Prior to joining KIOCL, Shri Jhawar was working with MP Paschim Kshetra Vidyut Vitaran Company Limited as Executive Director. Ankündigung • May 23
KIOCL Limited to Report Q4, 2023 Results on May 30, 2023 KIOCL Limited announced that they will report Q4, 2023 results on May 30, 2023 Ankündigung • May 10
KIOCL Limited Announces Change in Directorate KIOCL Limited has appointed Shri Ganti Venkat Kiran as Director (Production & Projects) of KIOCL Limited from the date of his assumption of charge of the post till the date of his superannuation i.e., 30.06.2027, or until further orders, whichever is earlier. Accordingly, Shri Ganti Venkat Kiran has assumed the charge of Director (Production & Projects), KIOCL Limited i.e., on 09.05.2023. Shri Ganti Venkat Kiran is a Graduate in Mechanical Engineering from National Institute of Technology,Bhopal. Previously he worked with Pro Minerals Pvt. Ltd. (Aditya Birla Group), Essar Steel Ltd. (presently Arcelor Mittal Nippon Steel India) & BPRL (Stemcor Group), Odisha. He joined KIOCL Limited in the year 2019 as GM (Projects & Technical Services) and later promoted as CGM (Projects). He is having over 33 years of experience in Steel Sector. He has worked in construction of Pellet Plants and had experience in operations & maintenance of Pellet Plant and Beneficiation Plant. Ankündigung • May 05
KIOCL Limited Announces Change in Directorate KIOCL Limited announced the intimated the appointment of Dr. Sanjay Roy, Joint Secretary, Ministry of Steel as Government Nominee Director on the Board of KIOCL Limited with immediate effect and until further orders vice Shri Devidatta Satapathy, Director, Ministry of Steel. Dr. Sanjay Roy, Joint Secretary, Ministry of Steel, Government of India, belongs to the Indian Information Service (Cadre-1997). He holds a MBBS degree from University College of Medical Sciences, New Delhi. He has done foundation course from HCM Rajasthan, Institute of Public Administration in 1997 and got training in media Management and Communication from Queensland University of Technology, Brisbane, Australia and Training in Management Skills and Media at Berkely, US. He has vast experience in administration which includes working as Officer on Special Duty, Information Policy Planning, Ministry of Information & Broadcasting, Joint Director, North West Zone in Directorate of Field Publicity, Ministry of I&B, Director, Jammu & Kashmir Affairs, Ministry of Home Affairs, Director (PMSSY & Director Medical Education) in Ministry of Health and Family Welfare. Presently, he is Joint Secretary in Ministry of Steel, Government of India. Board Change • Feb 24
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. CEO, Chairman, MD and Director of Production & Projects Thimmalagundhi Saminathan is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Feb 01
KIOCL Limited to Report Q3, 2023 Results on Feb 08, 2023 KIOCL Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Director of Finance & Director Swapan Gorai is the most experienced director on the board, commencing their role in 2016. Non-Official Independent Director Changdev Kamble 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 • Nov 12
Second quarter 2023 earnings released: ₹1.68 loss per share (vs ₹0.50 loss in 2Q 2022) Second quarter 2023 results: ₹1.68 loss per share (further deteriorated from ₹0.50 loss in 2Q 2022). Revenue: ₹1.75b (down 62% from 2Q 2022). Net loss: ₹1.02b (loss widened 237% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Nov 12
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Director of Finance & Director Swapan Gorai is the most experienced director on the board, commencing their role in 2016. Non-Official Independent Director Changdev Kamble 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 25
Full year 2022 earnings released: EPS: ₹5.16 (vs ₹4.87 in FY 2021) Full year 2022 results: EPS: ₹5.16 (up from ₹4.87 in FY 2021). Revenue: ₹30.8b (up 29% from FY 2021). Net income: ₹3.13b (up 4.1% from FY 2021). Profit margin: 10% (down from 13% 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 62% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Official Independent Director Changdev Kamble was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 05
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹1.09 loss per share (down from ₹1.03 profit in 3Q 2021). Revenue: ₹3.80b (down 30% from 3Q 2021). Net loss: ₹661.3m (down 204% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Board Change • Dec 21
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Non-Official Independent Director Changdev Kamble was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 31
Upcoming dividend of ₹1.64 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 15 October 2021. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS ₹3.55 (vs ₹0.19 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹10.6b (up 143% from 1Q 2021). Net income: ₹2.16b (up ₹2.04b from 1Q 2021). Profit margin: 20% (up from 2.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Executive Departure • Jul 13
Chairman & MD Munnangi Subba Rao has left the company On the 30th of June, Munnangi Subba Rao was replaced as CEO by Swapan Gorai after 4.0 years in the role. We don't have any record of a personal shareholding under Munnangi's name. Munnangi is the only executive to leave the company over the last 12 months. Under Munnangi's leadership, the company delivered a total shareholder return of 221%. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 19% share price gain to ₹267, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 50% over the past three years. Reported Earnings • May 30
Full year 2021 earnings released: EPS ₹4.87 (vs ₹0.70 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹23.8b (up 23% from FY 2020). Net income: ₹3.01b (up ₹2.58b from FY 2020). Profit margin: 13% (up from 2.2% in FY 2020). 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 only increased by 6% per year, which means it is significantly lagging earnings growth.