New Risk • Jul 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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₹4.95b market cap, or US$51.4m). New Risk • Jun 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 8.7% 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 6.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹4.28b market cap, or US$44.9m). Reported Earnings • May 29
Full year 2026 earnings released: ₹7.76 loss per share (vs ₹9.58 loss in FY 2025) Full year 2026 results: ₹7.76 loss per share (improved from ₹9.58 loss in FY 2025). Revenue: ₹5.82b (down 2.8% from FY 2025). Net loss: ₹649.5m (loss narrowed 19% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 14
Third quarter 2026 earnings released: ₹3.18 loss per share (vs ₹2.86 loss in 3Q 2025) Third quarter 2026 results: ₹3.18 loss per share (further deteriorated from ₹2.86 loss in 3Q 2025). Revenue: ₹1.32b (down 11% from 3Q 2025). Net loss: ₹266.5m (loss widened 11% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. New Risk • Jan 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₹5.03b market cap, or US$54.8m). Reported Earnings • Nov 13
Second quarter 2026 earnings released: ₹1.69 loss per share (vs ₹2.34 loss in 2Q 2025) Second quarter 2026 results: ₹1.69 loss per share (improved from ₹2.34 loss in 2Q 2025). Revenue: ₹1.37b (down 5.3% from 2Q 2025). Net loss: ₹141.4m (loss narrowed 28% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 21% per year. New Risk • Oct 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹908m free cash flow). Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (₹7.22b market cap, or US$81.4m). Ankündigung • Aug 28
Shalimar Paints Limited, Annual General Meeting, Sep 26, 2025 Shalimar Paints Limited, Annual General Meeting, Sep 26, 2025, at 12:30 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2026 earnings released: ₹1.99 loss per share (vs ₹3.23 loss in 1Q 2025) First quarter 2026 results: ₹1.99 loss per share (improved from ₹3.23 loss in 1Q 2025). Revenue: ₹1.55b (up 21% from 1Q 2025). Net loss: ₹166.7m (loss narrowed 38% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Ankündigung • Aug 06
Shalimar Paints Limited to Report Q1, 2026 Results on Aug 11, 2025 Shalimar Paints Limited announced that they will report Q1, 2026 results on Aug 11, 2025 Reported Earnings • May 28
Full year 2025 earnings released: ₹9.58 loss per share (vs ₹9.52 loss in FY 2024) Full year 2025 results: ₹9.58 loss per share (further deteriorated from ₹9.52 loss in FY 2024). Revenue: ₹6.09b (up 14% from FY 2024). Net loss: ₹801.6m (loss widened 8.5% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year. New Risk • Mar 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.68b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹922m free cash flow). Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹8.68b market cap, or US$99.5m). Reported Earnings • Feb 11
Third quarter 2025 earnings released: ₹2.86 loss per share (vs ₹1.40 loss in 3Q 2024) Third quarter 2025 results: ₹2.86 loss per share (further deteriorated from ₹1.40 loss in 3Q 2024). Revenue: ₹1.49b (up 2.1% from 3Q 2024). Net loss: ₹239.8m (loss widened 108% from 3Q 2024). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Ankündigung • Feb 10
Shalimar Paints Limited Announces Executive Changes Shalimar Paints Limited announced that at its board meeting held on February 10, 2025, Approved the appointment of Ms. Snehal Saboo (ACS: 49811) as Company Secretary (designated as Key Managerial Personnel and Compliance Officer) of the Company pursuant to the recommendation of the Nomination and Remuneration Committee with effect from February 10, 2025. Appointment of Ms. Snehal Saboo as Company Secretary (designated as Key Managerial Personnel and Compliance Officer) of the Company with effect from February 10, 2025 due to resignation of Ms. Shikha Rastogi, Company Secretary (designated as Key Managerial Personnel and Compliance Officer) with effect from closure of business hours of December 02, 2024. Ms. Snehal Saboo is a qualified Company Secretary and a Commerce and Law graduate. She has an overall experience of 8 (eight) years. She was previously working with Centrum group and had handled Corporate Secretarial matters of the group and provided support in matters pertaining to fund-raise. Ankündigung • Dec 03
Shalimar Paints Limited Announces Resignation of Shikha Rastogi as Company Secretary and Compliance Officer Shalimar Paints Limited informed that Ms. Shikha Rastogi has tendered resignation from the post of Company Secretary and Compliance Officer of the Company, in order to pursue new career opportunities and she will be relieved from her duties effective close of business hours of December 02, 2024. New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.30b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹922m free cash flow). Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (₹158m sold). Market cap is less than US$100m (₹8.30b market cap, or US$98.3m). New Risk • Nov 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹922m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹922m free cash flow). Earnings have declined by 6.2% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (₹171m sold). Reported Earnings • Nov 13
Second quarter 2025 earnings released: ₹2.34 loss per share (vs ₹3.55 loss in 2Q 2024) Second quarter 2025 results: ₹2.34 loss per share (improved from ₹3.55 loss in 2Q 2024). Revenue: ₹1.46b (up 23% from 2Q 2024). Net loss: ₹196.2m (loss narrowed 23% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Sep 13
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. Independent Non-Executive Chairman of the Board Rajeev Uberoi 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 • Aug 30
Shalimar Paints Limited, Annual General Meeting, Sep 27, 2024 Shalimar Paints Limited, Annual General Meeting, Sep 27, 2024, at 12:30 Indian Standard Time. Ankündigung • Aug 10
Shalimar Paints Limited Announces Resignation of Sanjiv Garg as Non-Executive Independent Director Shalimar Paints Limited announced that Mr. Sanjiv Garg has tendered his resignation as Non-Executive Independent Director with effect from close of business hours of August 09, 2024, due to his other professional commitments and pre-occupation. New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings have declined by 1.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (₹21m sold). Reported Earnings • Aug 09
First quarter 2025 earnings released: ₹3.23 loss per share (vs ₹1.42 loss in 1Q 2024) First quarter 2025 results: ₹3.23 loss per share (further deteriorated from ₹1.42 loss in 1Q 2024). Revenue: ₹1.29b (up 2.8% from 1Q 2024). Net loss: ₹270.4m (loss widened 163% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Ankündigung • Aug 02
Shalimar Paints Limited to Report Q1, 2025 Results on Aug 08, 2024 Shalimar Paints Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Ankündigung • Jul 15
Shalimar Paints Limited Announces Resignation of Abhyuday Jindal as Non-Executive Non-Independent Director Shalimar Paints Limited informed that Mr. Abhyuday Jindal has tendered his resignation as Non-Executive Non-Independent Director with effect from close of business hours of July 15, 2024, due to increasing demand from his other roles and responsibilities. Ankündigung • Jul 02
Shalimar Paints Limited Announces Resignation of Ashok Kumar Gupta as Managing Director Shalimar Paints Limited informed that Mr. Ashok Kumar Gupta has tendered his resignation from the post of Managing Director of the Company in order to pursue further avenues. Further, pursuant to the approval of the Board of Directors, the resignation has become effective from the close of business hours of July 2, 2024. Reported Earnings • May 19
Full year 2024 earnings released: ₹9.52 loss per share (vs ₹5.01 loss in FY 2023) Full year 2024 results: ₹9.52 loss per share (further deteriorated from ₹5.01 loss in FY 2023). Revenue: ₹5.43b (up 12% from FY 2023). Net loss: ₹738.5m (loss widened 104% from FY 2023). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year. Ankündigung • May 12
Shalimar Paints Limited to Report Q4, 2024 Results on May 17, 2024 Shalimar Paints Limited announced that they will report Q4, 2024 results on May 17, 2024 Ankündigung • Apr 11
Shalimar Paints Limited Approves Appointment of C. Venugopal as the Chief Operating Officer Shalimar Paints Limited announced that at its board meeting held on April 11, 2024, approved appointment of Mr. C. Venugopal as the chief operating officer of the company with effect from April 11, 2024, upon the recommendation of the nomination and remuneration committee of the company. Mr. C. Venugopal has 3 decades of rich & varied leadership experience in Organization Building/Business Development /Brand Management /Sales & Marketing at various levels in some of the most well-known MNC's. He has managed some of the most competitive categories working with Morton Foods Ltd., Umang Dairies Limited, Nippon Paint India, Kansai Nerolac Paints, Godrej Sara Lee, Reckitt Benckiser, Cavin Kare etc. and has demonstrated ability to lead businesses through Brands successfully. He is a good Leader and agile learner with entrepreneurial approach and high empathy levels. He has always gone beyond the treaded path and solved problems. Mr. C. Venugopal holds a bachelor's in Mathematics & Physics and MBA in Marketing. Reported Earnings • Feb 10
Third quarter 2024 earnings released: ₹1.40 loss per share (vs ₹0.86 loss in 3Q 2023) Third quarter 2024 results: ₹1.40 loss per share (further deteriorated from ₹0.86 loss in 3Q 2023). Revenue: ₹1.47b (up 14% from 3Q 2023). Net loss: ₹115.4m (loss widened 85% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Dec 06
Shalimar Paints Limited Appoints Sachin Naik as Chief Financial Officer Shalimar Paints Limited announced that the Board of Directors, on the recommendation of the Nomination and Remuneration Committee and approval of the Audit Committee has, at its meeting held on December 06, 2023, considered and approved the appointment of Mr. Sachin Naik as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from December 06, 2023. Mr. Sachin Naik, aged around 50 years, has done his graduation in commerce and is also a qualified CMA. He has also done finance & leadership courses from the Indian School of Business. He is a finance professional with 27 years of progressive experience in Business Strategy, Growth, Financial Controls, Management Reporting, Financial Accounting and Operations management with Multinational organizations. He has diverse exposure to business functionality from Finance to Strategy, IT & People skills and has demonstrated ability to streamline business operations, cost control, increase efficiency and drive growth. In his earlier assignments, he has worked with the Supreme Group and UPL Limited. New Risk • Dec 05
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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-₹267m free cash flow). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Nov 10
Second quarter 2024 earnings released: ₹3.55 loss per share (vs ₹1.49 loss in 2Q 2023) Second quarter 2024 results: ₹3.55 loss per share (further deteriorated from ₹1.49 loss in 2Q 2023). Revenue: ₹1.21b (up 9.7% from 2Q 2023). Net loss: ₹256.2m (loss widened 138% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-₹591m free cash flow). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Ankündigung • Oct 06
Shalimar Paints Announces Executive Changes Shalimar Paints Ltd. has made new appointments across Marketing, Finance, HR, Technology, and Manufacturing domains. Building on their new vision, the company has onboarded Kuldip Raina, Director, Sales and Marketing, Sanjeev Gupta as Director, Research and Development, Rakesh Gupta as Director of Manufacturing, and Harcharan Singh as Chief Information Officer. Ankündigung • Sep 13
Shalimar Paints Limited Announces Resignation of Davinder Dogra as Chief Financial Officer, Effective September 30, 2023 Shalimar Paints Limited announced that Mr. Davinder Dogra has tendered his resignation from the post of Chief Financial Officer and Key Managerial Personnel of the Company, due to personal reasons and he will be relieved from his duties effective close of business hours of September 30, 2023. Reported Earnings • Aug 12
First quarter 2024 earnings released: ₹142 loss per share (vs ₹1.33 loss in 1Q 2023) First quarter 2024 results: ₹142 loss per share (further deteriorated from ₹1.33 loss in 1Q 2023). Revenue: ₹1.27b (up 16% from 1Q 2023). Net loss: ₹102.7m (loss widened 6.6% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 05
Shalimar Paints Limited to Report Q1, 2024 Results on Aug 11, 2023 Shalimar Paints Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 11, 2023 Ankündigung • Jun 29
Shalimar Paints Limited Announces Chief Financial Officer Changes The Board of Directors of Shalimar Paints Limited has at its meeting held on June 28, 2023, considered and approved the Mr. Mohit Kumar Donter has tendered his resignation from the post of Chief Financial Officer and Key Managerial Personnel of the Company with effect from close of business hours of June 30, 2023, due to personal reasons. Based on the recommendation of the Nomination and Remuneration Committee and approval of the Audit Committee, Mr. Davinder Dogra has been appointed as the Chief Financial Officer and Key Managerial Personnel of the Company effective from July 01, 2023. Mr. Davinder Dogra is a qualified Chartered Accountant and B. Com (H) with +25 years of post-qualification experience in the field of Planning, Treasury, Governance & Compliance, Controlling, Investor Relations, Financial Accounting & Taxation. He has a wide & multi sectoral experience in the field of Finance & Accounts having worked with large multinational & leading Indian Companies. In his previous 3 stints, he had been in leadership roles and was Divisional CFO with DLF Ltd. - Retail Assets, CFO with DFM Foods Ltd. (leading FMCG Company) & lastly as President Finance & Accounts - Best Agrolife Limited (an agrochemical Company). In his earlier roles, he has worked with Pepsi Foods, Pernord Ricard & Airtel. In a carrier spanning over 25 years, he has handled various accounting & finance roles as Manufacturing Finance, Sales Accounting & Credit Control, Financial Controller, Investor Relations, Funding & Treasury, Secretarial etc. Reported Earnings • May 30
Full year 2023 earnings released: ₹5.01 loss per share (vs ₹11.46 loss in FY 2022) Full year 2023 results: ₹5.01 loss per share (improved from ₹11.46 loss in FY 2022). Revenue: ₹4.93b (up 38% from FY 2022). Net loss: ₹361.5m (loss narrowed 44% from FY 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 22
Shalimar Paints Limited to Report Q4, 2023 Final Results on May 27, 2023 Shalimar Paints Limited announced that they will report Q4, 2023 final results at 3:30 PM, Indian Standard Time on May 27, 2023 Reported Earnings • Feb 14
Third quarter 2023 earnings released: ₹0.86 loss per share (vs ₹2.81 loss in 3Q 2022) Third quarter 2023 results: ₹0.86 loss per share (improved from ₹2.81 loss in 3Q 2022). Revenue: ₹1.30b (up 35% from 3Q 2022). Net loss: ₹62.4m (loss narrowed 59% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Nov 19
Second quarter 2023 earnings released: ₹1.49 loss per share (vs ₹3.10 loss in 2Q 2022) Second quarter 2023 results: ₹1.49 loss per share (improved from ₹3.10 loss in 2Q 2022). Revenue: ₹1.11b (up 22% from 2Q 2022). Net loss: ₹107.5m (loss narrowed 36% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. MD & Director Ashok Gupta is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 12
First quarter 2023 earnings released: ₹1.33 loss per share (vs ₹3.58 loss in 1Q 2022) First quarter 2023 results: ₹1.33 loss per share (up from ₹3.58 loss in 1Q 2022). Revenue: ₹1.11b (up 71% from 1Q 2022). Net loss: ₹96.3m (loss narrowed 51% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • May 27
Full year 2022 earnings released: ₹11.46 loss per share (vs ₹9.18 loss in FY 2021) Full year 2022 results: ₹11.46 loss per share (down from ₹9.18 loss in FY 2021). Revenue: ₹3.63b (up 11% from FY 2021). Net loss: ₹642.4m (loss widened 29% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. MD & Vice Chairman Ashok Gupta is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: ₹2.81 loss per share (down from ₹1.29 loss in 3Q 2021). Revenue: ₹990.1m (up 7.0% from 3Q 2021). Net loss: ₹152.4m (loss widened 117% from 3Q 2021). Revenue missed analyst estimates by 5.5%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Second quarter 2022 earnings released: ₹3.10 loss per share (vs ₹0.68 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹909.9m (up 19% from 2Q 2021). Net loss: ₹168.4m (loss widened 358% from 2Q 2021). Executive Departure • Oct 03
Independent Chairman of the Board Gautam Kanjilal has left the company On the 25th of September, Gautam Kanjilal's tenure as Independent Chairman of the Board ended after 4.9 years in the role. We don't have any record of a personal shareholding under Gautam's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.17 years. Board Change • Sep 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Rajeev Uberoi 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 • Aug 15
First quarter 2022 earnings released: ₹3.58 loss per share (vs ₹1.95 loss in 1Q 2021) The company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₹651.9m (up 47% from 1Q 2021). Net loss: ₹194.4m (loss widened 83% from 1Q 2021). Reported Earnings • Jul 01
Full year 2021 earnings released: ₹9.18 loss per share (vs ₹7.03 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹3.26b (down 5.3% from FY 2020). Net loss: ₹498.7m (loss widened 31% from FY 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Third quarter 2021 earnings released: ₹1.29 loss per share (vs ₹0.96 loss in 3Q 2020) The company reported a poor third quarter result with increased losses and weaker control over costs, although revenues were flat. Third quarter 2021 results: Revenue: ₹925.5m (flat on 3Q 2020). Net loss: ₹70.3m (loss widened 35% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 13
New 90-day high: ₹106 The company is up 60% from its price of ₹66.05 on 15 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: ₹91.95 The company is up 44% from its price of ₹63.95 on 25 September 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: ₹73.40 The company is up 1.0% from its price of ₹72.50 on 02 September 2020. The Indian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Reported Earnings • Nov 11
Second quarter 2021 earnings released: ₹0.68 loss per share The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: ₹769.5m (down 6.2% from 2Q 2020). Net loss: ₹36.8m (loss narrowed 30% from 2Q 2020).