Reported Earnings • May 24
Full year 2026 earnings released: EPS: ₹14.32 (vs ₹66.64 in FY 2025) Full year 2026 results: EPS: ₹14.32 (down from ₹66.64 in FY 2025). Revenue: ₹71.7b (up 4.2% from FY 2025). Net income: ₹449.5m (down 79% from FY 2025). Profit margin: 0.6% (down from 3.0% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Ankündigung • May 20
Polyplex Corporation Limited to Report Q4, 2026 Results on May 23, 2026 Polyplex Corporation Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 23, 2026 Buy Or Sell Opportunity • Apr 01
Now 27% overvalued Over the last 90 days, the stock has fallen 5.4% to ₹792. The fair value is estimated to be ₹624, 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 49%. Ankündigung • Mar 26
Polyplex Corporation Limited (BSE:524051) entered into Share Purchase Agreement to acquire 51% stake in Technova Printrite Products Private Limited from Shelina P Parikh, Maya Parikh Verma, Jivan G Bhatt and Nilakshi Bhatt for approximately INR 620 million. Polyplex Corporation Limited (BSE:524051) entered into Share Purchase Agreement to acquire 51% stake in Technova Printrite Products Private Limited from Shelina P Parikh, Maya Parikh Verma, Jivan G Bhatt and Nilakshi Bhatt for approximately INR 620 million on March 25, 2026. The consideration will be paid in Cash. After the acquisition, the Continuing Sellers shall continue to hold 49% share capital of TechNova Printrite.
The transaction is expected to complete within three months from the execution of the SPA, subject to fulfilment of conditions which are customary to such acquisitions. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹4.70 (vs ₹18.40 in 3Q 2025) Third quarter 2026 results: EPS: ₹4.70 (down from ₹18.40 in 3Q 2025). Revenue: ₹17.1b (flat on 3Q 2025). Net income: ₹147.6m (down 75% from 3Q 2025). Profit margin: 0.9% (down from 3.4% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Ankündigung • Jan 29
Polyplex Corporation Limited to Report Q3, 2026 Results on Feb 13, 2026 Polyplex Corporation Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Declared Dividend • Nov 16
First half dividend of ₹2.00 announced Shareholders will receive a dividend of ₹2.00. Ex-date: 21st November 2025 Payment date: 13th December 2025 Dividend yield will be 0.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (19% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 79% to shift the payout ratio to a potentially unsustainable range, which is more than the 27% EPS decline seen over the last 5 years. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹7.87 (vs ₹27.97 in 2Q 2025) Second quarter 2026 results: EPS: ₹7.87 (down from ₹27.97 in 2Q 2025). Revenue: ₹18.2b (up 4.5% from 2Q 2025). Net income: ₹247.0m (down 72% from 2Q 2025). Profit margin: 1.4% (down from 5.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Ankündigung • Oct 27
Polyplex Corporation Limited to Report Q2, 2026 Results on Nov 13, 2025 Polyplex Corporation Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Ankündigung • Sep 16
Polyplex Corporation Limited Approves Final Dividend for the Financial Year 2024-25 Polyplex Corporation Limited, at the AGM held on September 15, 2025 approved final dividend of INR 4.50 per equity share for the financial year 2024-25. Upcoming Dividend • Sep 08
Upcoming dividend of ₹4.50 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.3%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 13
First quarter 2026 earnings released: ₹6.15 loss per share (vs ₹17.05 profit in 1Q 2025) First quarter 2026 results: ₹6.15 loss per share (down from ₹17.05 profit in 1Q 2025). Revenue: ₹17.7b (up 4.9% from 1Q 2025). Net loss: ₹193.1m (down 136% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 02
Polyplex Corporation Limited to Report Q1, 2026 Results on Aug 12, 2025 Polyplex Corporation Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Declared Dividend • Jul 30
Final dividend of ₹4.50 announced Shareholders will receive a dividend of ₹4.50. Ex-date: 15th September 2025 Payment date: 15th October 2025 Dividend yield will be 1.2%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 77% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.4% EPS decline seen over the last 5 years. Ankündigung • Jul 29
Polyplex Corporation Limited, Annual General Meeting, Sep 15, 2025 Polyplex Corporation Limited, Annual General Meeting, Sep 15, 2025. Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹66.64 (vs ₹12.05 in FY 2024) Full year 2025 results: EPS: ₹66.64 (up from ₹12.05 in FY 2024). Revenue: ₹69.8b (up 11% from FY 2024). Net income: ₹2.09b (up 453% from FY 2024). Profit margin: 3.0% (up from 0.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Ankündigung • May 16
Polyplex Corporation Limited to Report Q4, 2025 Results on May 28, 2025 Polyplex Corporation Limited announced that they will report Q4, 2025 results on May 28, 2025 Board Change • Apr 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Shalini Sarin was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹18.40 (vs ₹1.47 in 3Q 2024) Third quarter 2025 results: EPS: ₹18.40 (up from ₹1.47 in 3Q 2024). Revenue: ₹18.3b (up 22% from 3Q 2024). Net income: ₹577.7m (up ₹531.7m from 3Q 2024). Profit margin: 3.2% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 06
Polyplex Corporation Limited to Report Q3, 2025 Results on Feb 14, 2025 Polyplex Corporation Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1,027, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 28x in the Chemicals industry in India. Total loss to shareholders of 39% over the past three years. Declared Dividend • Nov 14
First half dividend of ₹9.00 announced Shareholders will receive a dividend of ₹9.00. Ex-date: 26th November 2024 Payment date: 12th December 2024 Dividend yield will be 0.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (2% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 98% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹27.97 (vs ₹8.90 in 2Q 2024) Second quarter 2025 results: EPS: ₹27.97 (up from ₹8.90 in 2Q 2024). Revenue: ₹18.4b (up 17% from 2Q 2024). Net income: ₹878.1m (up 214% from 2Q 2024). Profit margin: 4.8% (up from 1.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Ankündigung • Nov 04
Polyplex Corporation Limited to Report Q2, 2025 Results on Nov 12, 2024 Polyplex Corporation Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Ankündigung • Aug 17
Polyplex Corporation Limited Approves Declaration of Final Dividend for the Financial Year 2023-24 Polyplex Corporation Limited at the board meeting held on August 14, 2024, the board has approved declaration of final dividend INR 1 per equity share (of the face value of INR 10 each) for the Financial Year 2023-24. Ankündigung • Aug 16
Polyplex Corporation Limited, Annual General Meeting, Sep 23, 2024 Polyplex Corporation Limited, Annual General Meeting, Sep 23, 2024. Ankündigung • Aug 01
Polyplex Corporation Limited to Report Q1, 2025 Results on Aug 14, 2024 Polyplex Corporation Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 14, 2024 Ankündigung • Jul 10
Polyplex Corporation Limited Announces Cessation of Suresh Inderchand Surana as Independent Director Polyplex Corporation Limited announced that Mr. Suresh Inderchand Surana having completed his second term of five years as Independent Director has ceased to be Director of the Company with effect from the close of business hours on July 9, 2024. Ankündigung • Jul 09
Polyplex Corporation Limited Approves Appointment of Sandip Das as an Additional, Non-Executive, Independent Director, Effective July 10, 2024 Polyplex Corporation Limited announced that based on the recommendations of the nomination and remuneration committee, the board of directors of the company, at their meeting held on July 9, 2024, have considered and approved appointment of Mr. Sandip Das as an Additional, Non-Executive, Independent Director of the Company with effect from July 10, 2024. Mr. Sandip Das has confirmed that he is eligible for appointment as an Independent Director and is not debarred from holding the office of director by virtue of any order of the Securities and Exchange Board of India or any other such authority. Mr. Sandip Das is a successful and highly respected International CEO who has built multi-billion-dollar businesses across India and S.E. Asia. With his well-rounded leadership qualities, intellect, sense of integrity, creative flair, strong people and communication skills, he has had an exemplary career as a CEO, becoming one at the age of 35. He is an institution builder who has created leaders as well as great teams. Sandip has a versatile background having worked across consumer durables, automobiles, telecommunications and digital businesses. He has held distinguished Indian and International Board Directorships for over 15 years. Mr. Das is an inspiring public speaker, having addressed prestigious forums and academic communities including the Harvard University, across wide range of subjects. He was conferred the Distinguished Alumni award in the Year 2012 by his alma mater NIT, Rourkela. Now, Mr. Das plays key roles, in which he is an influencer, making significant impact on people, processes and businesses. Some of these include the following: Mentor & Advisor to Senior Partners and CEOs of a global consultancy firm and a large public listed company; Telecom Advisor to a top International Bank, Advisor to a Reputation Management company; Empanelled consultant and industry expert to international consultancy firms. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹12.05 (vs ₹111 in FY 2023) Full year 2024 results: EPS: ₹12.05 (down from ₹111 in FY 2023). Revenue: ₹63.7b (down 17% from FY 2023). Net income: ₹378.3m (down 89% from FY 2023). Profit margin: 0.6% (down from 4.6% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Ankündigung • May 18
Polyplex Corporation Limited Recommends Final Dividend for the Financial Year 2023-24 Polyplex Corporation Limited announced that the board of directors recommended of final dividend for the Financial Year 2023-24, INR 1 per share of the face value of INR 10 each, subject to TDS/Withholding Tax; which would be paid after its declaration in the up coming Annual General Meeting (AGM), within the prescribed time frame. Date of AGM and Book Closure would be intimated in due course. Ankündigung • May 12
Polyplex Corporation Limited to Report Q4, 2024 Results on May 17, 2024 Polyplex Corporation Limited announced that they will report Q4, 2024 results on May 17, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹889, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 16% over the past three years. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹1.47 (vs ₹12.32 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.47 (down from ₹12.32 in 3Q 2023). Revenue: ₹15.4b (down 17% from 3Q 2023). Net income: ₹46.0m (down 88% from 3Q 2023). Profit margin: 0.3% (down from 2.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Ankündigung • Feb 06
Polyplex Corporation Limited to Report Q3, 2024 Results on Feb 14, 2024 Polyplex Corporation Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Buying Opportunity • Jan 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.5%. The fair value is estimated to be ₹1,412, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 14%. Ankündigung • Nov 10
Polyplex Corporation Limited Announces Change in Directorate The Board of Directors of Polyplex Corporation Limited, at its meeting held 9 November 2023, has considered and approved appointment of Mr. Iyad Malas (DIN: 10381216) as an additional (non-executive, non-independent, non-promoter) director of the Company with immediate effect. Mr. Iyad Malas has been simultaneously appointed as a member of the audit committee, nomination and remuneration committee and corporate social responsibility committee of the Company with immediate effect. Further, the Board has approved seeking necessary approval of the shareholders of the Company pursuant to the provisions of Regulation 17(1C) of the Listing Regulations and other applicable provisions, for the appointment of Mr. Iyad Malas (DIN: 10381216) as the director of the Company, at the upcoming annual general meeting of the Company. Iyad Malas is a seasoned executive with over 30 years of experience in various senior roles, spanning many countries and industries, including real estate, retail, leisure & entertainment, financial services, and investments. He is involved in developing the future strategy for the Al Ghurair Group and has reorganized the Holding into an investment Holding Company with investments in Real Estate, packaging and metals industries, and financial investments. He is a board member of Mashreq Bank and National Cement Company. Iyad holds an MBA from George Washington University, Washington DC and a BA from the American University of Beirut. Upcoming Dividend • Nov 10
Upcoming dividend of ₹2.00 per share at 8.5% yield Eligible shareholders must have bought the stock before 17 November 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 8.5%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.8%). Ankündigung • Nov 08
Polyplex Corporation Limited Approves Interim Dividend for the Financial Year 2023-24 Polyplex Corporation Limited announced that at its Board of Directors in their meeting held on November 06, 2023, approved the declaration and payment of Interim Dividend for the Financial Year 2023-24 of INR 2/- per share of the face value of INR 10/- each, subject to TDS/Withholding Tax. `Record date' for the purpose of payment of aforesaid Dividend has been fixed as November 17, 2023 and is proposed to be paid within the time prescribed under law. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹8.90 (vs ₹36.64 in 2Q 2023) Second quarter 2024 results: EPS: ₹8.90 (down from ₹36.64 in 2Q 2023). Revenue: ₹15.7b (down 25% from 2Q 2023). Net income: ₹279.3m (down 76% from 2Q 2023). Profit margin: 1.8% (down from 5.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Ankündigung • Oct 31
Polyplex Corporation Limited to Report Q2, 2024 Results on Nov 06, 2023 Polyplex Corporation Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Ankündigung • Sep 16
Polyplex Corporation Limited Approves Final Dividend for the Financial Year 2022-2023 Polyplex Corporation Limited announced that at its AGM held on September 14, 2023, the shareholders approved final dividend of INR 3 per equity share for the financial year 2022-2023. Upcoming Dividend • Sep 01
Upcoming dividend of ₹3.00 per share at 7.2% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 14 October 2023. Trailing yield: 7.2%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.8%). Buying Opportunity • Aug 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ₹1,463, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 11
First quarter 2024 earnings released: ₹0.99 loss per share (vs ₹59.58 profit in 1Q 2023) First quarter 2024 results: ₹0.99 loss per share (down from ₹59.58 profit in 1Q 2023). Revenue: ₹15.7b (down 23% from 1Q 2023). Net loss: ₹31.2m (down 102% from profit in 1Q 2023). 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 16% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 04
Polyplex Corporation Limited to Report Q1, 2024 Results on Aug 10, 2023 Polyplex Corporation Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Ankündigung • May 25
Polyplex Corporation Limited Recommends Final Dividend for the Financial Year 2023-24 Polyplex Corporation Limited informed that the Board of Directors in their meeting held on May 23, 2023. Recommendation of Final Dividend for the Financial Year 2023-24 @ INR 3 per share of the face value of INR 10 each, subject to TDS/Withholding Tax; which would be paid after its declaration in the upcoming Annual General Meeting (AGM), within the prescribed time frame. Date of AGM and Book Closure would be intimated in due course. Reported Earnings • May 24
Full year 2023 earnings released: EPS: ₹111 (vs ₹181 in FY 2022) Full year 2023 results: EPS: ₹111 (down from ₹181 in FY 2022). Revenue: ₹77.5b (up 17% from FY 2022). Net income: ₹3.48b (down 39% from FY 2022). Profit margin: 4.5% (down from 8.6% 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 16% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 17
Polyplex Corporation Limited to Report Q4, 2023 Results on May 23, 2023 Polyplex Corporation Limited announced that they will report Q4, 2023 results on May 23, 2023 Ankündigung • Feb 14
Polyplex Corporation Limited Approves Declaration of Second Interim Dividend (Special) for the Financial Year 2022-23 Polyplex Corporation Limited announced that the board of directors in its meeting held on February 13, 2023, approved the declaration and payment of second interim dividend (special) for the financial year 2022-23 at the rate of INR 30 per share of the face value of INR 10 each, subject to TDS/withholding tax. The 'record date' for the purpose of payment of above said dividend has been fixed as February 24,2023 and is proposed to be paid within the time prescribed under law. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹12.32 (vs ₹55.89 in 3Q 2022) Third quarter 2023 results: EPS: ₹12.32 (down from ₹55.89 in 3Q 2022). Revenue: ₹19.2b (up 9.7% from 3Q 2022). Net income: ₹386.7m (down 78% from 3Q 2022). Profit margin: 2.0% (down from 10.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% 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 increased by 23% 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 • Feb 08
Polyplex Corporation Limited to Report Q3, 2023 Results on Feb 13, 2023 Polyplex Corporation Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
First quarter 2023 earnings released: EPS: ₹59.58 (vs ₹35.52 in 1Q 2022) First quarter 2023 results: EPS: ₹59.58 (up from ₹35.52 in 1Q 2022). Revenue: ₹20.3b (up 41% from 1Q 2022). Net income: ₹1.87b (up 68% from 1Q 2022). Profit margin: 9.2% (up from 7.7% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% 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 increased by 22% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target increased to ₹2,473 Up from ₹2,038, the current price target is provided by 1 analyst. New target price is 40% above last closing price of ₹1,769. Stock is up 4.8% over the past year. The company is forecast to post earnings per share of ₹205 for next year compared to ₹181 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Suresh Surana 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. Upcoming Dividend • Sep 15
Upcoming dividend of ₹21.00 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 26 October 2022. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹59.58 (vs ₹35.52 in 1Q 2022) First quarter 2023 results: EPS: ₹59.58 (up from ₹35.52 in 1Q 2022). Revenue: ₹20.3b (up 41% from 1Q 2022). Net income: ₹1.87b (up 68% from 1Q 2022). Profit margin: 9.2% (up from 7.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 1.2%, compared to a 14% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹2,005, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 24x in the Chemicals industry in India. Total returns to shareholders of 423% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹3,433 per share. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 20% share price gain to ₹2,550, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 24x in the Chemicals industry in India. Total returns to shareholders of 494% over the past three years. Reported Earnings • May 30
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: ₹181 (up from ₹163 in FY 2021). Revenue: ₹66.2b (up 35% from FY 2021). Net income: ₹5.69b (up 11% from FY 2021). Profit margin: 8.6% (down from 10% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 11%, compared to a 17% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 27
Price target increased to ₹2,038 Up from ₹1,777, the current price target is provided by 1 analyst. New target price is 26% below last closing price of ₹2,758. Stock is up 214% over the past year. The company is forecast to post earnings per share of ₹183 for next year compared to ₹163 last year. Board Change • Apr 27
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. Independent Non-Executive Director Suresh Surana 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. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 15% share price gain to ₹2,169, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 26x in the Chemicals industry in India. Total returns to shareholders of 500% over the past three years. Upcoming Dividend • Feb 17
Upcoming dividend of ₹35.00 per share Eligible shareholders must have bought the stock before 24 February 2022. Payment date: 16 March 2022. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.7%). Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: ₹55.89 (up from ₹41.84 in 3Q 2021). Revenue: ₹17.5b (up 42% from 3Q 2021). Net income: ₹1.75b (up 34% from 3Q 2021). Profit margin: 10.0% (in line with 3Q 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 11%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 17
Upcoming dividend of ₹17.00 per share Eligible shareholders must have bought the stock before 24 September 2021. Payment date: 29 October 2021. Trailing yield: 3.7%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.7%). Board Change • Sep 13
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. Independent Non-Executive Director Suresh Surana 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. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 18% share price gain to ₹1,747, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 33x in the Chemicals industry in India. Total returns to shareholders of 273% over the past three years. Board Change • Sep 08
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. Independent Non-Executive Director Suresh Surana 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 • Sep 08
Sales & Marketing Head of India and GM Rakesh Kakkar has left the company On the 31st of August, Rakesh Kakkar's tenure as Sales & Marketing Head of India and GM ended. We don't have any record of a personal shareholding under Rakesh's name. A total of 2 executives have left over the last 12 months.