Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,389, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 36x in the Electronic industry in India. Total returns to shareholders of 607% over the past three years. Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹52.71 (vs ₹29.95 in FY 2025) Full year 2026 results: EPS: ₹52.71 (up from ₹29.95 in FY 2025). Revenue: ₹4.32b (up 128% from FY 2025). Net income: ₹883.4m (up 76% from FY 2025). Profit margin: 20% (down from 27% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 81% per year, which means it is significantly lagging earnings growth. Ankündigung • May 30
Kernex Microsystems (India) Limited Announces Change in Designation of E. B. Rao from Chief Operating Officer (Coo) to President - Diversification and New Business Opportunities Kernex Microsystems (India) Limited announced that the Board of Directors of the Company has approved the change in designation of Mr. E. B. Rao from Chief Operating Officer (COO) to President - Diversification and New Business Opportunities with effect from May 29, 2026. New Risk • May 29
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 9.3% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹1,690, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 36x in the Electronic industry in India. Total returns to shareholders of 496% over the past three years. Ankündigung • May 22
Kernex Microsystems (India) Limited to Report Q4, 2026 Results on May 29, 2026 Kernex Microsystems (India) Limited announced that they will report Q4, 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,337, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 33x in the Electronic industry in India. Total returns to shareholders of 389% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹1,052, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 25x in the Electronic industry in India. Total returns to shareholders of 365% over the past three years. Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹3.61 (vs ₹4.29 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.61 (down from ₹4.29 in 3Q 2025). Revenue: ₹730.7m (up 99% from 3Q 2025). Net income: ₹60.4m (down 16% from 3Q 2025). Profit margin: 8.3% (down from 20% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 09
Kernex Microsystems (India) Limited to Report Q3, 2026 Results on Feb 12, 2026 Kernex Microsystems (India) Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Jan 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). High level of non-cash earnings (57% accrual ratio). Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹1,092, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 37x in the Electronic industry in India. Total returns to shareholders of 278% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,191, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 36x in the Electronic industry in India. Total returns to shareholders of 303% over the past three years. Reported Earnings • Nov 19
Second quarter 2026 earnings released: EPS: ₹3.87 (vs ₹4.09 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.87 (down from ₹4.09 in 2Q 2025). Revenue: ₹471.2m (up 14% from 2Q 2025). Net income: ₹65.7m (down 4.0% from 2Q 2025). Profit margin: 14% (down from 17% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 10
Kernex Microsystems (India) Limited to Report Q2, 2026 Results on Nov 13, 2025 Kernex Microsystems (India) Limited announced that they will report Q2, 2026 results on Nov 13, 2025 New Risk • Oct 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,357, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 38x in the Electronic industry in India. Total returns to shareholders of 291% over the past three years. Ankündigung • Sep 04
Kernex Microsystems (India) Limited, Annual General Meeting, Sep 29, 2025 Kernex Microsystems (India) Limited, Annual General Meeting, Sep 29, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹4.45 (vs ₹2.16 in 1Q 2025) First quarter 2026 results: EPS: ₹4.45 (up from ₹2.16 in 1Q 2025). Revenue: ₹562.9m (up 96% from 1Q 2025). Net income: ₹74.6m (up 106% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 09
Kernex Microsystems (India) Limited to Report Q1, 2026 Results on Aug 14, 2025 Kernex Microsystems (India) Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,165, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 39x in the Electronic industry in India. Total returns to shareholders of 504% over the past three years. New Risk • May 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). High level of non-cash earnings (30% accrual ratio). Minor Risk Significant insider selling over the past 3 months (₹281m sold). Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹29.98 (vs ₹16.61 loss in FY 2024) Full year 2025 results: EPS: ₹29.98 (up from ₹16.61 loss in FY 2024). Revenue: ₹1.91b (up ₹1.72b from FY 2024). Net income: ₹502.4m (up ₹766.5m from FY 2024). Profit margin: 26% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Significant insider selling over the past 3 months (₹281m sold). Recent Insider Transactions • Mar 20
Insider recently sold ₹173m worth of stock On the 13th of March, Narender Kumar sold around 225k shares on-market at roughly ₹768 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹865m more than they bought in the last 12 months. Recent Insider Transactions • Mar 05
Non-Independent Non-Executive Director recently bought ₹5.1m worth of stock On the 28th of February, Vinta Reddy bought around 6k shares on-market at roughly ₹850 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹29m. Despite this recent purchase, insiders have collectively sold ₹583m more in shares than they bought in the last 12 months. Recent Insider Transactions • Feb 27
Non-Independent Non-Executive Director recently bought ₹29m worth of stock On the 21st of February, Vinta Reddy bought around 32k shares on-market at roughly ₹901 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹589m more in shares than they bought in the last 12 months. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹4.29 (vs ₹5.44 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹4.29 (up from ₹5.44 loss in 3Q 2024). Revenue: ₹371.4m (up 347% from 3Q 2024). Net income: ₹71.8m (up ₹156.8m from 3Q 2024). Profit margin: 19% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jan 08
Non-Independent Non-Executive Director recently sold ₹44m worth of stock On the 31st of December, Janardhana Vinta sold around 36k shares on-market at roughly ₹1,228 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹292m. Insiders have been net sellers, collectively disposing of ₹617m more than they bought in the last 12 months. New Risk • Jan 06
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 7.6% 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 (-₹474m free cash flow). Earnings have declined by 40% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Significant insider selling over the past 3 months (₹582m sold). Recent Insider Transactions • Dec 22
Insider recently sold ₹168m worth of stock On the 16th of December, Narender Kumar sold around 110k shares on-market at roughly ₹1,525 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹292m. Insiders have been net sellers, collectively disposing of ₹452m more than they bought in the last 12 months. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹4.09 (vs ₹2.76 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹4.09 (up from ₹2.76 loss in 2Q 2024). Revenue: ₹414.8m (up ₹400.7m from 2Q 2024). Net income: ₹68.5m (up ₹112.6m from 2Q 2024). Profit margin: 17% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 113% per year, which means it is well ahead of earnings. Ankündigung • Sep 09
Kernex Microsystems (India) Limited, Annual General Meeting, Sep 30, 2024 Kernex Microsystems (India) Limited, Annual General Meeting, Sep 30, 2024, at 16:00 Indian Standard Time. Recent Insider Transactions • Aug 24
Non-Independent Non-Executive Director recently bought ₹5.3m worth of stock On the 20th of August, Janardhana Vinta bought around 6k shares on-market at roughly ₹888 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹6.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 17
Non-Independent Non-Executive Director recently bought ₹3.4m worth of stock On the 13th of August, Janardhana Vinta bought around 4k shares on-market at roughly ₹853 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹258m more in shares than they bought in the last 12 months. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: ₹2.16 (vs ₹0.66 loss in 1Q 2024) First quarter 2025 results: EPS: ₹2.16 (up from ₹0.66 loss in 1Q 2024). Revenue: ₹289.1m (up ₹279.5m from 1Q 2024). Net income: ₹36.2m (up ₹45.0m from 1Q 2024). Profit margin: 13% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 107% per year, which means it is well ahead of earnings. Ankündigung • Jul 29
Kernex Microsystems (India) Limited to Report Q1, 2025 Results on Jul 31, 2024 Kernex Microsystems (India) Limited announced that they will report Q1, 2025 results on Jul 31, 2024 New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹764m free cash flow). Earnings have declined by 27% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (8.4% increase in shares outstanding). Revenue is less than US$5m (₹196m revenue, or US$2.3m). Ankündigung • Jul 15
Kernex Microsystems (India) Limited to Report Q4, 2024 Results on Jul 13, 2024 Kernex Microsystems (India) Limited announced that they will report Q4, 2024 results at 12:08 PM, Indian Standard Time on Jul 13, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: ₹2.24 loss per share (vs ₹2.66 loss in 3Q 2023) Third quarter 2024 results: ₹2.24 loss per share (improved from ₹2.66 loss in 3Q 2023). Revenue: ₹92.5m (up 339% from 3Q 2023). Net loss: ₹35.0m (loss narrowed 3.5% from 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 188% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Second quarter 2024 earnings released: ₹2.76 loss per share (vs ₹3.35 loss in 2Q 2023) Second quarter 2024 results: ₹2.76 loss per share (improved from ₹3.35 loss in 2Q 2023). Net loss: ₹44.1m (loss narrowed 4.7% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 274 percentage points per year, which is a significant difference in performance. Ankündigung • Oct 13
Kernex Microsystems (India) Limited Appoints Srikanth P as Chief Financial Officer Kernex Microsystems (India) Limited announced that the Board of Directors of the Company at its 224th Board Meeting held on 12th October 2023 approved the appointment of Mr. Srikanth P as Chief Financial Officer of the Company effective from 25 October 2023. Mr. Srikanth P is Qualified Chartered Accountant with 20 years of post-qualification experience in Accounts, Financial Management, Internal Audit & Taxation, Credit Appraisal and Secretarial Matters. In addition to it, he ha s taken active role in execution of Project Management, Budgeting, Cost Control and Cash Flow Management. He involved in IPO of Power Mech Projects Ltd, before joining this company, he worked as GM finance in Tierra Agro Tech Limited . Previously he was associated with CCL products Ltd. for a period of 4 years. Earlier to this he worked as Deputy General Manager in Power Mech Projects Ltd. . He has experienced in raisin g fund from Private Equity Investors, raising equity through Preferential Issues, Rights Issue etc. And also has decent expe rience in raising debt for working capital needs of companies apart from term loans. He Actively participated in impl ementation of SAP in previous companies. Ankündigung • Oct 07
Kernex Microsystems (India) Limited Announces Resignation of Sunny Sharma as Chief Financial Officer, Effective 25 October 2023 Kernex Microsystems (India) Limited announced that Mr. Sunny Sharma, Chief Financial Officer and Key Managerial Personnel of the Company has tendered his resignation 6th October 2023 due to his personal reasons and he needs to shift to hometown. He has given resignation letter on 6th October 2023 and he will be relieved on or before working hours 25 October 2023. Recent Insider Transactions • Oct 06
Non-Independent Non-Executive Director recently sold ₹2.6m worth of stock On the 29th of September, Janardhana Vinta sold around 6k shares on-market at roughly ₹420 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹177m. Insiders have been net sellers, collectively disposing of ₹261m more than they bought in the last 12 months. Ankündigung • Sep 07
Kernex Microsystems (India) Limited announced that it expects to receive funding from Penang Enterprises Private Limited, Dhoot Industrial Finance Limited, PL Group Kernex Microsystems (India) Limited announced a private placement of up to 1,300,000 convertible equity share warrants which are convertible into equal number of equity shares of INR 10 each on preferential basis on September 6, 2023. The transaction will include participation from new investors Penang Enterprises Private Limited for up to 2,00,000 share warrants, Dhoot Industrial Finance Limited for up to 1,50,000 share warrants, PL Group for up to 50,000 share warrants and individual investors Neeta Hemanth Ashar for 400,000 share warrants, Vanaja Sunder Iyer for 300,000 shares warrants, Saurav Raidhani for 100,000 share warrants, Prakash Diwan for 50,000 share warrants and Sunil Kabra for 50,000 share warrants. The transaction has been approved in the 223rd Board Meeting of shareholders and is subject to approval of the shareholders of the company. Ankündigung • Aug 14
Kernex Microsystems (India) Limited, Annual General Meeting, Sep 30, 2023 Kernex Microsystems (India) Limited, Annual General Meeting, Sep 30, 2023, at 16:00 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹0.66 loss per share (vs ₹2.42 loss in 1Q 2023) First quarter 2024 results: ₹0.66 loss per share (improved from ₹2.42 loss in 1Q 2023). Net loss: ₹8.83m (loss narrowed 74% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 260 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 08
Kernex Microsystems (India) Limited to Report Q1, 2024 Results on Aug 13, 2023 Kernex Microsystems (India) Limited announced that they will report Q1, 2024 results at 4:00 PM, Indian Standard Time on Aug 13, 2023 New Risk • Jun 08
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: -₹281m 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 (-₹281m free cash flow). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (₹48m revenue, or US$584k). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (₹5.61b market cap, or US$67.9m). Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Additional Non-Executive Director Narender Kumar was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Third quarter 2023 earnings released: ₹2.66 loss per share (vs ₹1.64 loss in 3Q 2022) Third quarter 2023 results: ₹2.66 loss per share (further deteriorated from ₹1.64 loss in 3Q 2022). Net loss: ₹36.3m (loss widened 78% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 252 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 08
Kernex Microsystems (India) Limited to Report Q3, 2023 Results on Feb 14, 2023 Kernex Microsystems (India) Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: ₹3.35 loss per share (vs ₹2.39 loss in 2Q 2022) Second quarter 2023 results: ₹3.35 loss per share (further deteriorated from ₹2.39 loss in 2Q 2022). Net loss: ₹46.3m (loss widened 55% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 211 percentage points per year, which is a significant difference in performance. Board Change • Oct 02
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. 5 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Addanki Venkata Krishna Mohan 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. Reported Earnings • Aug 19
First quarter 2023 earnings released: ₹2.42 loss per share (vs ₹2.71 loss in 1Q 2022) First quarter 2023 results: ₹2.42 loss per share (up from ₹2.71 loss in 1Q 2022). Revenue: ₹11.0m (down 32% from 1Q 2022). Net loss: ₹33.5m (loss narrowed 1.0% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 126% per year, which means it is well ahead of earnings. Reported Earnings • Jun 03
Full year 2022 earnings released: ₹13.77 loss per share (vs ₹1.62 profit in FY 2021) Full year 2022 results: ₹13.77 loss per share (down from ₹1.62 profit in FY 2021). Revenue: ₹83.8m (down 54% from FY 2021). Net loss: ₹172.1m (down ₹192.3m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹1.64 loss per share (down from ₹0.67 profit in 3Q 2021). Revenue: ₹10.7m (down 64% from 3Q 2021). Net loss: ₹20.5m (down 346% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Oct 01
Chief Executive Officer recently sold ₹11m worth of stock On the 28th of September, Kalidindi Raju sold around 143k shares on-market at roughly ₹75.00 per share. This was the largest sale by an insider in the last 3 months. This was Kalidindi's only on-market trade for the last 12 months. Recent Insider Transactions • Sep 09
Insider recently sold ₹1.1m worth of stock On the 6th of September, Harshitha Kalidindi sold around 16k shares on-market at roughly ₹70.00 per share. In the last 3 months, they made an even bigger sale worth ₹4.2m. Insiders have been net sellers, collectively disposing of ₹5.5m more than they bought in the last 12 months. Recent Insider Transactions • Aug 27
Insider recently sold ₹4.2m worth of stock On the 25th of August, Harshitha Kalidindi sold around 57k shares on-market at roughly ₹74.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹685k more than they bought in the last 12 months. Reported Earnings • Aug 02
First quarter 2022 earnings released: ₹2.71 loss per share (vs ₹1.66 loss in 1Q 2021) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: ₹17.8m (up 232% from 1Q 2021). Net loss: ₹33.9m (loss widened 63% from 1Q 2021). Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₹82.30, the stock trades at a trailing P/E ratio of 50.8x. Average trailing P/E is 22x in the Electronic industry in India. Total returns to shareholders of 205% over the past three years. Reported Earnings • Jun 21
Full year 2021 earnings released: EPS ₹1.62 (vs ₹2.74 in FY 2020) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹195.8m (up 32% from FY 2020). Net income: ₹20.2m (down 41% from FY 2020). Profit margin: 10% (down from 23% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 05
New 90-day high: ₹33.85 The company is up 47% from its price of ₹23.00 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 51% over the same period. Recent Insider Transactions • Feb 28
Insider recently bought ₹680k worth of stock On the 23rd of February, Harshitha Kalidindi bought around 26k shares on-market at roughly ₹26.00 per share. In the last 3 months, they made an even bigger purchase worth ₹883k. Insiders have collectively bought ₹4.3m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 15% share price gain to ₹29.75, the stock is trading at a trailing P/E ratio of 10.1x, up from the previous P/E ratio of 8.7x. This compares to an average P/E of 19x in the Electronic industry in India. Total return to shareholders over the past three years is a loss of 31%. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₹29.25, the stock is trading at a trailing P/E ratio of 9.9x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 22x in the Electronic industry in India. Total return to shareholders over the past three years is a loss of 36%. Is New 90 Day High Low • Dec 30
New 90-day high: ₹26.60 The company is up 45% from its price of ₹18.40 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 15% over the same period. Recent Insider Transactions • Dec 22
Insider recently bought ₹489k worth of stock On the 17th of December, Harshitha Kalidindi bought around 20k shares on-market at roughly ₹25.00 per share. In the last 3 months, they made an even bigger purchase worth ₹883k. Insiders have collectively bought ₹2.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 19
Insider recently bought ₹883k worth of stock On the 10th of December, Harshitha Kalidindi bought around 35k shares on-market at roughly ₹24.94 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹2.4m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Dec 11
New 90-day high: ₹25.70 The company is up 39% from its price of ₹18.45 on 11 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 21% share price gain to ₹19.70, the stock is trading at a trailing P/E ratio of 11.7x, up from the previous P/E ratio of 9.7x. This compares to an average P/E of 19x in the Electronic industry in India. Total return to shareholders over the past three years is a loss of 54%. Is New 90 Day High Low • Oct 29
New 90-day low: ₹16.30 The company is down 1.0% from its price of ₹16.50 on 31 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 13% over the same period. Recent Insider Transactions • Oct 03
Chief Executive Officer recently bought ₹97k worth of stock On the 28th of September, Kalidindi Raju bought around 5k shares on-market at roughly ₹19.00 per share. In the last 3 months, they made an even bigger purchase worth ₹341k. Kalidindi has been a buyer over the last 12 months, purchasing a net total of ₹1.8m worth in shares. Recent Insider Transactions • Sep 20
Chief Executive Officer recently bought ₹341k worth of stock On the 16th of September, Kalidindi Raju bought around 18k shares on-market at roughly ₹18.65 per share. This was the largest purchase by an insider in the last 3 months. Kalidindi has been a buyer over the last 12 months, purchasing a net total of ₹1.7m worth in shares.