Reported Earnings • Aug 07
First quarter 2027 earnings released: EPS: ₹6.10 (vs ₹6.03 in 1Q 2026) First quarter 2027 results: EPS: ₹6.10 (up from ₹6.03 in 1Q 2026). Revenue: ₹5.92b (up 17% from 1Q 2026). Net income: ₹526.8m (up 1.0% from 1Q 2026). Profit margin: 8.9% (down from 10% in 1Q 2026). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 18
Upcoming dividend of ₹1.20 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 29 August 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.6%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.6%). Declared Dividend • May 20
Dividend increased to ₹1.20 Dividend of ₹1.20 is 140% higher than last year. Ex-date: 25th June 2026 Payment date: 29th August 2026 Dividend yield will be 1.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (3% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Ankündigung • May 19
Visaka Industries Limited announces Annual dividend, payable on August 29, 2026 Visaka Industries Limited announced Annual dividend of INR 1.2000 per share payable on August 29, 2026, ex-date on June 25, 2026 and record date on June 26, 2026. Reported Earnings • May 19
Full year 2026 earnings released: EPS: ₹9.88 (vs ₹0.35 loss in FY 2025) Full year 2026 results: EPS: ₹9.88 (up from ₹0.35 loss in FY 2025). Revenue: ₹16.8b (up 9.1% from FY 2025). Net income: ₹853.6m (up ₹883.7m from FY 2025). Profit margin: 5.1% (up from net loss in FY 2025). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Ankündigung • May 18
Visaka Industries Limited, Annual General Meeting, Jul 30, 2026 Visaka Industries Limited, Annual General Meeting, Jul 30, 2026. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹59.58, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 24x in the Basic Materials industry in India. Total loss to shareholders of 20% over the past three years. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: ₹0.22 (vs ₹1.27 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.22 (up from ₹1.27 loss in 3Q 2025). Revenue: ₹3.70b (up 5.2% from 3Q 2025). Net income: ₹19.2m (up ₹129.1m from 3Q 2025). Profit margin: 0.5% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹6.03 (vs ₹1.15 in 1Q 2025) First quarter 2026 results: EPS: ₹6.03 (up from ₹1.15 in 1Q 2025). Revenue: ₹5.07b (up 11% from 1Q 2025). Net income: ₹521.4m (up 424% from 1Q 2025). Profit margin: 10% (up from 2.2% in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 10
Full year 2025 earnings released: ₹0.35 loss per share (vs ₹0.099 profit in FY 2024) Full year 2025 results: ₹0.35 loss per share (down from ₹0.099 profit in FY 2024). Revenue: ₹15.4b (up 1.1% from FY 2024). Net loss: ₹30.1m (down 450% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. New Risk • Jun 30
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 Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 39% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹8.06b market cap, or US$94.0m). Upcoming Dividend • Jun 20
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 August 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.5%). Declared Dividend • May 23
Dividend of ₹0.50 announced Dividend of ₹0.50 is the same as last year. Ex-date: 27th June 2025 Payment date: 29th August 2025 Dividend yield will be 0.6%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings). However, it is well covered by cash flows (5% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 458% to bring the payout ratio under control. However, EPS has declined by 40% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 22
Full year 2025 earnings released: ₹0.35 loss per share (vs ₹0.099 profit in FY 2024) Full year 2025 results: ₹0.35 loss per share (down from ₹0.099 profit in FY 2024). Revenue: ₹15.5b (up 1.6% from FY 2024). Net loss: ₹30.1m (down 450% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. New Risk • May 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₹7.44b market cap, or US$87.0m). Ankündigung • May 13
Visaka Industries Limited to Report Q4, 2025 Results on May 21, 2025 Visaka Industries Limited announced that they will report Q4, 2025 results on May 21, 2025 Ankündigung • Mar 26
Visaka Industries Limited Appoints Gaddam Vritika as Chief Business Strategist and Advisor to the Chairman with Effect from April 1, 2025 Visaka Industries Limited announced that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has on March 26, 2025, approved the appointment of Dr. Gaddam Vritika as Chief Business Strategist and Advisor to the Chairman, a Senior Management Personnel of the Company with effect from April 1, 2025. Dr. Gaddam Vritika, aged about 37 years, is a renowned dermatologist and entrepreneur. She is a co-founder of NAVA Skin and Body Clinic. She earned her MBBS from Deccan Medical College in 2011 and her MD from Sri Ramachandra University, Chennai, in 2017. Since 2018, Dr. Vritika has deep interest in skincare and wellness, combining her passion for dermatology with a strong entrepreneurial mindset. Outside of her medical profession, Dr. Vritika is known for her quick thinking, practicality, and decision-making skills. She blends empathy with clear leadership, which has contributed to her success in varied fields. Her experience in business and politics has further honed her problem-solving and strategic abilities. Dr. Gaddam Vritika is widely recognized for her determination and resilience in all facets, whether in business, healthcare, or family life. She tackles challenges with a balanced approach of care, efficiency, and strength. She excels in leading teams, delegating tasks, and fostering a culture of trust and excellence. New Risk • Mar 17
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 Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹5.13b market cap, or US$59.0m). Ankündigung • Feb 18
Visaka Industries Limited Announces Cessation of Murlidhar Madiraju, President - Chief Management Accountant Visaka Industries Limited announced Cessation of Mr. Murlidhar Madiraju, President - Chief Management Accountant (CMA) of the Company. Reason for change: Cessation (Superannuation) after completing 37 years of service. Date of cessation: February 17, 2025. Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹1.27 loss per share (vs ₹0.83 loss in 3Q 2024) Third quarter 2025 results: ₹1.27 loss per share (further deteriorated from ₹0.83 loss in 3Q 2024). Revenue: ₹3.53b (up 2.8% from 3Q 2024). Net loss: ₹109.8m (loss widened 53% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 01
Visaka Industries Limited to Report Q3, 2025 Results on Feb 14, 2025 Visaka Industries Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹1.92 (vs ₹0.59 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹1.92. Revenue: ₹3.10b (down 8.4% from 2Q 2024). Net loss: ₹165.6m (loss widened 227% from 2Q 2024). Ankündigung • Nov 02
Visaka Industries Limited to Report Q2, 2025 Results on Nov 12, 2024 Visaka Industries Limited announced that they will report Q2, 2025 results on Nov 12, 2024 New Risk • Oct 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.33b (US$99.1m) 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 Interest payments are not well covered by earnings (0.9x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 16% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹8.33b market cap, or US$99.1m). Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹1.15 (vs ₹1.38 in 1Q 2024) First quarter 2025 results: EPS: ₹1.15 (down from ₹1.38 in 1Q 2024). Revenue: ₹4.59b (up 2.5% from 1Q 2024). Net income: ₹99.6m (down 17% from 1Q 2024). Profit margin: 2.2% (down from 2.7% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Ankündigung • Jul 30
Visaka Industries Limited to Report Q1, 2025 Results on Aug 12, 2024 Visaka Industries Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Ankündigung • Jul 15
Visaka Industries Limited Approves Final Dividend for the Financial Year 2024 Visaka Industries Limited at its AGM held on July 15, 2024, declared a final dividend of INR 0.50 per Equity Share of INR 2 for the Financial Year 2023-24. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: ₹0.099 (vs ₹6.20 in FY 2023) Full year 2024 results: EPS: ₹0.099 (down from ₹6.20 in FY 2023). Revenue: ₹15.3b (down 7.7% from FY 2023). Net income: ₹8.60m (down 98% from FY 2023). Profit margin: 0.1% (down from 3.2% 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 62% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 07
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 14 August 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.5%). New Risk • Jun 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.26b (US$98.9m) 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 Interest payments are not well covered by earnings (1.1x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 138% Paying a dividend despite having no free cash flows. Earnings have declined by 10% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.06% net profit margin). Market cap is less than US$100m (₹8.26b market cap, or US$98.9m). Ankündigung • May 18
Visaka Industries Limited, Annual General Meeting, Jul 15, 2024 Visaka Industries Limited, Annual General Meeting, Jul 15, 2024. Declared Dividend • May 17
Dividend of ₹0.50 announced Shareholders will receive a dividend of ₹0.50. Ex-date: 14th June 2024 Payment date: 14th August 2024 Dividend yield will be 0.5%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (138% earnings payout ratio) and 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 5.2% 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 grow by 53% to bring the payout ratio under control. However, EPS has declined by 59% over the last 5 years so the company would need to reverse this trend. Ankündigung • May 16
Visaka Industries Limited Recommends Final Dividend for the Year Ended March 31, 2024 Visaka Industries Limited at its board meeting held on May 15, 2024 Recommended final dividend of INR 0.50 per share (i.e., 25%) on equity share of INR 2 each fully paid-up for the financial year ended March 31, 2024, subject to the approval of Shareholders in the upcoming 42nd Annual General Meeting of the Company scheduled to be held on 15th July, 2024. The dividend, if approved by the shareholders at the AGM, will be paid within 30 days from declaration, subject to deduction of tax at source. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, approved the closure of the register of members and share transfer books of the company from 18th June, 2024 to 21st June, 2024 (both days inclusive) for taking record of the Members of the Company for the purpose of payment of dividend for the financial year ended March 31, 2024. Ankündigung • May 09
Visaka Industries Limited to Report Q4, 2024 Results on May 15, 2024 Visaka Industries Limited announced that they will report Q4, 2024 results on May 15, 2024 Reported Earnings • Feb 13
Third quarter 2024 earnings released: ₹0.83 loss per share (vs ₹0.39 profit in 3Q 2023) Third quarter 2024 results: ₹0.83 loss per share (down from ₹0.39 profit in 3Q 2023). Revenue: ₹3.46b (down 3.0% from 3Q 2023). Net loss: ₹71.6m (down 314% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Feb 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 7.7% 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 Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Ankündigung • Jan 26
Visaka Industries Limited to Report Q3, 2024 Results on Feb 12, 2024 Visaka Industries Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹126, the stock trades at a trailing P/E ratio of 74.7x. Average forward P/E is 28x in the Basic Materials industry in India. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹107, the stock trades at a trailing P/E ratio of 63.3x. Average forward P/E is 29x in the Basic Materials industry in India. Total returns to shareholders of 47% over the past three years. Reported Earnings • Nov 08
Second quarter 2024 earnings released: ₹0.59 loss per share (vs ₹0.85 profit in 2Q 2023) Second quarter 2024 results: ₹0.59 loss per share (down from ₹0.85 profit in 2Q 2023). Revenue: ₹3.41b (down 6.4% from 2Q 2023). Net loss: ₹50.7m (down 169% from profit in 2Q 2023). Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 5.5% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Ankündigung • Oct 30
Visaka Industries Limited to Report Q2, 2024 Results on Nov 07, 2023 Visaka Industries Limited announced that they will report Q2, 2024 results at 12:15 PM, Indian Standard Time on Nov 07, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹1.38 (vs ₹4.46 in 1Q 2023) First quarter 2024 results: EPS: ₹1.38 (down from ₹4.46 in 1Q 2023). Revenue: ₹4.50b (down 6.1% from 1Q 2023). Net income: ₹119.5m (down 69% from 1Q 2023). Profit margin: 2.7% (down from 8.0% in 1Q 2023). Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 5.9% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Ankündigung • Jul 28
Visaka Industries Limited to Report Q1, 2024 Results on Aug 09, 2023 Visaka Industries Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Upcoming Dividend • Jun 08
Upcoming dividend of ₹0.60 per share at 2.4% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 06 August 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.4%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.5%). Ankündigung • May 23
Visaka Industries Limited Announces Cessation of J. Pruthvidhar Rao as Whole-Time Director Visaka Industries Limited announced that Shri J. Pruthvidhar Rao) ceased to be a director on completion of his tenure as Whole-time Director and KMP of the Company with effect from the closing hours of 20.05.2023. The board places on record its appreciation about the valuable services contributed by Shri J. Pruthvidhar Rao (DIN: 03575950) during his long stint of about over 40 years with the Company at different positions. Reported Earnings • May 20
Full year 2023 earnings released: EPS: ₹6.20 (vs ₹14.23 in FY 2022) Full year 2023 results: EPS: ₹6.20 (down from ₹14.23 in FY 2022). Revenue: ₹16.6b (up 18% from FY 2022). Net income: ₹535.9m (down 55% from FY 2022). Profit margin: 3.2% (down from 8.4% 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 6% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 13
Visaka Industries Limited to Report Q4, 2023 Results on May 19, 2023 Visaka Industries Limited announced that they will report Q4, 2023 results on May 19, 2023 Reported Earnings • Feb 07
Third quarter 2023 earnings released: EPS: ₹1.94 (vs ₹14.55 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.94 (down from ₹14.55 in 3Q 2022). Revenue: ₹3.59b (up 1.4% from 3Q 2022). Net income: ₹33.5m (down 86% from 3Q 2022). Profit margin: 0.9% (down from 6.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Ankündigung • Jan 25
Visaka Industries Limited to Report Q3, 2023 Results on Feb 06, 2023 Visaka Industries Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Recent Insider Transactions • Dec 27
Chairman of the Board recently bought ₹3.3m worth of stock On the 23rd of December, Gaddam Vivekanand bought around 8k shares on-market at roughly ₹416 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Gaddam's only on-market trade for the last 12 months. Board Change • Dec 15
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. Non-Executive Independent Director Vanitha Datla was the last director to join the board, commencing their role in 2020. 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 • Aug 23
Investor sentiment improved over the past week After last week's 19% share price gain to ₹593, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 19x in the Basic Materials industry in India. Total returns to shareholders of 120% over the past three years. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: ₹22.29 (vs ₹24.66 in 1Q 2022) First quarter 2023 results: EPS: ₹22.29 (down from ₹24.66 in 1Q 2022). Revenue: ₹4.82b (up 38% from 1Q 2022). Net income: ₹385.2m (down 5.2% from 1Q 2022). Profit margin: 8.0% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. 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 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 19
Upcoming dividend of ₹8.00 per share Eligible shareholders must have bought the stock before 26 May 2022. Payment date: 17 July 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 2.7%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.9%). Reported Earnings • May 10
Full year 2022 earnings released: EPS: ₹71.14 (vs ₹68.47 in FY 2021) Full year 2022 results: EPS: ₹71.14 (up from ₹68.47 in FY 2021). Revenue: ₹14.2b (up 24% from FY 2021). Net income: ₹1.18b (up 6.9% from FY 2021). Profit margin: 8.4% (down from 9.7% 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 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to ₹850 Down from ₹990, the current price target is provided by 1 analyst. New target price is 51% above last closing price of ₹564. Stock is up 3.0% over the past year. The company posted earnings per share of ₹68.47 last year. Reported Earnings • Feb 05
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹14.55 (up from ₹14.18 in 3Q 2021). Revenue: ₹3.57b (up 27% from 3Q 2021). Net income: ₹239.9m (up 3.9% from 3Q 2021). Profit margin: 6.7% (down from 8.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 18
Price target decreased to ₹875 Down from ₹990, the current price target is provided by 1 analyst. New target price is 46% above last closing price of ₹599. Stock is up 65% over the past year. The company posted earnings per share of ₹68.47 last year. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹14.48 (vs ₹13.92 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹2.94b (up 30% from 2Q 2021). Net income: ₹238.6m (up 7.1% from 2Q 2021). Profit margin: 8.1% (down from 9.8% in 2Q 2021). The decrease in margin was driven by higher expenses. 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 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 27
First quarter 2022 earnings released: EPS ₹24.66 (vs ₹21.67 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: ₹3.51b (up 23% from 1Q 2021). Net income: ₹406.4m (up 18% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Executive Departure • May 18
VP of Corporate Affairs & Company Secretary has left the company On the 5th of May, Itaboina Srinivas' tenure as VP of Corporate Affairs & Company Secretary ended after 7.7 years in the role. We don't have any record of a personal shareholding under Itaboina's name. A total of 4 executives have left over the last 12 months. Upcoming Dividend • May 11
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 18 May 2021. Payment date: 14 June 2021. Trailing yield: 2.4%. Within top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (1.0%). Reported Earnings • Apr 25
Full year 2021 earnings released: EPS ₹68.47 (vs ₹31.04 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹11.5b (up 9.2% from FY 2020). Net income: ₹1.11b (up 125% from FY 2020). Profit margin: 9.7% (up from 4.7% 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 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Executive Departure • Apr 03
Non-Executive Independent Chairman Bhagirath Merchant has left the company On the 31st of March, Bhagirath Merchant's tenure in the role of Non-Executive Independent Chairman ended. We don't have any record of a personal shareholding under Bhagirath's name. A total of 3 executives have left over the last 12 months. Executive Departure • Apr 03
Non-Executive Independent Director has left the company On the 31st of March, Vangala Pattabhi's tenure in the role of Non-Executive Independent Director ended. We don't have any record of a personal shareholding under Vangala's name. A total of 3 executives have left over the last 12 months.