New Risk • May 21
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 8.8% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Reported Earnings • May 21
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹71.63 (down from ₹76.26 in FY 2025). Revenue: ₹22.1b (up 34% from FY 2025). Net income: ₹881.0m (down 6.9% from FY 2025). Profit margin: 4.0% (down from 5.7% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • May 12
KDDL Limited to Report Q4, 2026 Results on May 19, 2026 KDDL Limited announced that they will report Q4, 2026 results on May 19, 2026 Reported Earnings • Feb 12
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹18.69 (down from ₹26.10 in 3Q 2025). Revenue: ₹5.97b (up 26% from 3Q 2025). Net income: ₹229.9m (down 29% from 3Q 2025). Profit margin: 3.9% (down from 6.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. 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 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹2,458, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Luxury industry in India. Total returns to shareholders of 138% over the past three years. Anuncio • Feb 02
KDDL Limited to Report Q3, 2026 Results on Feb 11, 2026 KDDL Limited announced that they will report Q3, 2026 results on Feb 11, 2026 New Risk • Nov 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 11
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: ₹15.75 (down from ₹19.65 in 2Q 2025). Revenue: ₹5.31b (up 34% from 2Q 2025). Net income: ₹193.8m (down 21% from 2Q 2025). Profit margin: 3.6% (down from 6.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Oct 31
KDDL Limited to Report Q2, 2026 Results on Nov 10, 2025 KDDL Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 10, 2025 Declared Dividend • Aug 27
Dividend of ₹5.00 announced Shareholders will receive a dividend of ₹5.00. Ex-date: 8th September 2025 Payment date: 15th October 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (7% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next year, which should provide support to the dividend and adequate earnings cover. Anuncio • Aug 25
KDDL Limited, Annual General Meeting, Sep 15, 2025 KDDL Limited, Annual General Meeting, Sep 15, 2025, at 15:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹16.61 (vs ₹13.78 in 1Q 2025) First quarter 2026 results: EPS: ₹16.61 (up from ₹13.78 in 1Q 2025). Revenue: ₹4.65b (up 29% from 1Q 2025). Net income: ₹204.3m (up 18% from 1Q 2025). Profit margin: 4.4% (down from 4.8% in 1Q 2025). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Aug 06
KDDL Limited to Report Q1, 2026 Results on Aug 14, 2025 KDDL Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 22
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₹76.26 (down from ₹81.90 in FY 2024). Revenue: ₹16.9b (up 22% from FY 2024). Net income: ₹946.2m (down 7.8% from FY 2024). Profit margin: 5.6% (down from 7.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • May 13
KDDL Limited to Report Q4, 2025 Results on May 19, 2025 KDDL Limited announced that they will report Q4, 2025 results at 3:30 PM, Indian Standard Time on May 19, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹2,699, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 23x in the Luxury industry in India. Total returns to shareholders of 173% over the past three years. Recent Insider Transactions • Feb 28
Insider recently sold ₹910k worth of stock On the 24th of February, Anil Khanna sold around 300 shares on-market at roughly ₹3,033 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 ₹3.0m. Insiders have been net sellers, collectively disposing of ₹240m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ₹2,977, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Luxury industry in India. Total returns to shareholders of 273% over the past three years. Reported Earnings • Feb 15
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹26.10 (up from ₹20.64 in 3Q 2024). Revenue: ₹4.83b (up 30% from 3Q 2024). Net income: ₹324.7m (up 26% from 3Q 2024). Profit margin: 6.7% (down from 7.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 06
KDDL Limited to Report Q3, 2025 Results on Feb 14, 2025 KDDL Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹2,308, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 27x in the Luxury industry in India. Total returns to shareholders of 131% over the past three years. Recent Insider Transactions • Jan 04
Insider recently sold ₹3.0m worth of stock On the 31st of December, B. Satish sold around 1k shares on-market at roughly ₹2,991 per share. This transaction amounted to 24% 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 ₹239m more than they bought in the last 12 months. Recent Insider Transactions • Dec 25
Insider recently sold ₹1.6m worth of stock On the 19th of December, B. Satish sold around 500 shares on-market at roughly ₹3,113 per share. This transaction amounted to 11% 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 ₹236m more than they bought in the last 12 months. Reported Earnings • Nov 12
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ₹19.65 (down from ₹20.29 in 2Q 2024). Revenue: ₹4.10b (up 21% from 2Q 2024). Net income: ₹245.6m (down 3.4% from 2Q 2024). Profit margin: 6.0% (down from 7.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Nov 04
KDDL Limited to Report Q2, 2025 Results on Nov 11, 2024 KDDL Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹2,429, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 27x in the Luxury industry in India. Total returns to shareholders of 315% over the past three years. Anuncio • Sep 28
KDDL Limited Approves Final Dividend for the Financial Year Ended 31 March 2024 KDDL Limited approved final dividend of INR 4 per equity share (40%) for the financial year ended 31 March 2024, at its AGM, held on 27th September, 2024. Recent Insider Transactions • Sep 20
Whole-Time Executive Chairman & MD recently sold ₹153m worth of stock On the 13th of September, Yashovardhan Saboo sold around 41k shares on-market at roughly ₹3,700 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Yashovardhan's only on-market trade for the last 12 months. Anuncio • Sep 13
KDDL Limited, Annual General Meeting, Sep 27, 2024 KDDL Limited, Annual General Meeting, Sep 27, 2024, at 12:00 Indian Standard Time. Price Target Changed • Aug 20
Price target increased by 25% to ₹3,818 Up from ₹3,046, the current price target is provided by 1 analyst. New target price is 23% above last closing price of ₹3,097. Stock is up 59% over the past year. The company is forecast to post earnings per share of ₹88.60 for next year compared to ₹81.90 last year. Reported Earnings • Aug 16
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₹13.78 (down from ₹20.58 in 1Q 2024). Revenue: ₹3.70b (up 12% from 1Q 2024). Net income: ₹172.7m (down 33% from 1Q 2024). Profit margin: 4.7% (down from 7.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 107% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Jul 10
KDDL Limited (BSE:532054) announces an Equity Buyback for 237,837 shares, representing 1.9% for INR 880 million. KDDL Limited (BSE:532054) announces a share repurchase program. Under the program, the company will repurchase up to 237,837 shares, representing 1.90% for INR 880 million. The shares will be repurchased at a price of INR 3,700 per share. The offer is subject to shareholders approval through postal ballot. As June 30, 2024, the company had 1,25,37,117 shares in outstanding. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹3,175, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 28x in the Luxury industry in India. Total returns to shareholders of 880% over the past three years. Anuncio • May 15
KDDL Limited Recommends Final Dividend for the Financial Year Ended 31 March 2024 KDDL Limited at its board meeting held on May 14, 2024, recommended final dividend of INR 4 per equity share (40%) for the financial year ended 31 March 2024, subject to the approval of the shareholders of the Company at upcoming Annual General Meeting. Anuncio • May 05
KDDL Limited to Report Q4, 2024 Results on May 14, 2024 KDDL Limited announced that they will report Q4, 2024 results on May 14, 2024 Buy Or Sell Opportunity • Mar 15
Now 27% overvalued Over the last 90 days, the stock has fallen 13% to ₹2,382. The fair value is estimated to be ₹1,871, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹20.64 (vs ₹17.92 in 3Q 2023) Third quarter 2024 results: EPS: ₹20.64 (up from ₹17.92 in 3Q 2023). Revenue: ₹3.80b (up 21% from 3Q 2023). Net income: ₹258.8m (up 13% from 3Q 2023). Profit margin: 6.8% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 110% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Jan 29
KDDL Limited to Report Q3, 2024 Results on Feb 14, 2024 KDDL Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Anuncio • Jan 18
KDDL Limited Declares Interim Dividend for the Financial Year 2023-2024 KDDL Limited announced that the board of directors of the company at its meeting held on 18 January 2024 has, inter alia, considered and declared interim dividend of INR 58 per equity share (that is 580%) of INR 10 each, for the financial year 2023-2024. The interim dividend will be paid within 30 days from the date of declaration in terms of the relevant provisions of the Companies Act, 2013. New Risk • Dec 08
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 7.2% 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 High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Significant insider selling over the past 3 months (₹9.1m sold). Recent Insider Transactions • Dec 01
Insider recently sold ₹6.8m worth of stock On the 22nd of November, G. Jayasimha sold around 2k shares on-market at roughly ₹2,945 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 ₹14m more than they bought in the last 12 months. Reported Earnings • Nov 16
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: ₹20.29 (up from ₹1.09 in 2Q 2023). Revenue: ₹3.46b (up 33% from 2Q 2023). Net income: ₹254.3m (up ₹240.5m from 2Q 2023). Profit margin: 7.4% (up from 0.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 163% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,760, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 22x in the Luxury industry in India. Total returns to shareholders of 1,721% over the past three years. Anuncio • Nov 05
KDDL Limited to Report Q2, 2024 Results on Nov 14, 2023 KDDL Limited announced that they will report Q2, 2024 results on Nov 14, 2023 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,177, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Luxury industry in India. Total returns to shareholders of 1,294% over the past three years. Reported Earnings • Aug 13
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: ₹20.58 (up from ₹10.36 in 1Q 2023). Revenue: ₹3.37b (up 37% from 1Q 2023). Net income: ₹258.0m (up 96% from 1Q 2023). Profit margin: 7.6% (up from 5.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 79%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 132% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,846, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 24x in the Luxury industry in India. Total returns to shareholders of 1,178% over the past three years. Anuncio • Aug 05
KDDL Limited to Report Q1, 2024 Results on Aug 12, 2023 KDDL Limited announced that they will report Q1, 2024 results at 12:15 PM, Indian Standard Time on Aug 12, 2023 New Risk • Jul 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 7.3% 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 • Jun 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,303, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 20x in the Luxury industry in India. Total returns to shareholders of 872% over the past three years. Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹42.18 (vs ₹25.26 in FY 2022) Full year 2023 results: EPS: ₹42.18 (up from ₹25.26 in FY 2022). Revenue: ₹11.4b (up 40% from FY 2022). Net income: ₹535.9m (up 68% from FY 2022). Profit margin: 4.7% (up from 3.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has increased by 118% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • May 27
KDDL Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023 KDDL Limited announced that at its board meeting held on May 26, 2023, recommended final dividend of INR 2.00 per equity share (20%) for the financial year ended 31st March 2023, subject to the approval of the shareholders of the Company at upcoming Annual General Meeting. Upcoming Dividend • Mar 14
Upcoming dividend of ₹2.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 21 March 2023. Payment date: 08 April 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (0.7%). Recent Insider Transactions • Feb 24
Independent-Non Executive Director recently sold ₹2.3m worth of stock On the 22nd of February, Anil Khanna sold around 2k shares on-market at roughly ₹1,184 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₹228m more than they sold in the last 12 months. Recent Insider Transactions • Feb 14
CFO & Whole Time Director recently sold ₹2.0m worth of stock On the 7th of February, Sanjeev Masown sold around 2k shares on-market at roughly ₹1,075 per share. This transaction amounted to 99% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sanjeev's only on-market trade for the last 12 months. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹17.92 (vs ₹10.73 in 3Q 2022) Third quarter 2023 results: EPS: ₹17.92 (up from ₹10.73 in 3Q 2022). Revenue: ₹3.17b (up 23% from 3Q 2022). Net income: ₹228.3m (up 67% from 3Q 2022). Profit margin: 7.2% (up from 5.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 05
KDDL Limited to Report Q3, 2023 Results on Feb 11, 2023 KDDL Limited announced that they will report Q3, 2023 results on Feb 11, 2023 Anuncio • Jan 19
KDDL Limited (BSE:532054) announces an Equity Buyback for INR 210 million worth of its shares. KDDL Limited (BSE:532054) announces a share repurchase program. Under the program, the company will repurchase up to INR 210 million worth of its shares. The shares will be repurchased at a price not exceeding INR 1200 per share. Recent Insider Transactions • Nov 16
Chairman & MD recently bought ₹20m worth of stock On the 11th of November, Yashovardhan Saboo bought around 20k shares on-market at roughly ₹1,000 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹202m. Yashovardhan has been a buyer over the last 12 months, purchasing a net total of ₹222m worth in shares. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: ₹1.09 (vs ₹4.71 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.09 (down from ₹4.71 in 2Q 2022). Revenue: ₹2.65b (up 37% from 2Q 2022). Net income: ₹13.8m (down 77% from 2Q 2022). Profit margin: 0.5% (down from 3.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,083, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 193% over the past three years. Upcoming Dividend • Sep 09
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 16 September 2022. Payment date: 27 October 2022. Payout ratio is a comfortable 9.0% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.5%). Recent Insider Transactions • Aug 30
Chairman & MD recently bought ₹202m worth of stock On the 25th of August, Yashovardhan Saboo bought around 237k shares on-market at roughly ₹850 per share. This transaction amounted to 12% 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 Yashovardhan's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹896, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 166% over the past three years. Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: ₹10.36 (vs ₹2.10 in 1Q 2022) First quarter 2023 results: EPS: ₹10.36 (up from ₹2.10 in 1Q 2022). Revenue: ₹2.50b (up 80% from 1Q 2022). Net income: ₹132.0m (up 410% from 1Q 2022). Profit margin: 5.3% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 01
Full year 2022 earnings released: EPS: ₹25.26 (vs ₹4.86 in FY 2021) Full year 2022 results: EPS: ₹25.26 (up from ₹4.86 in FY 2021). Revenue: ₹8.32b (up 52% from FY 2021). Net income: ₹319.1m (up 463% from FY 2021). Profit margin: 3.8% (up from 1.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹735, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 57% over the past three years. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Additional Non-Executive and Non-Independent Director Chitranjan Agarwal 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 • Jan 31
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: ₹10.73 (up from ₹6.67 in 3Q 2021). Revenue: ₹2.61b (up 47% from 3Q 2021). Net income: ₹136.7m (up 76% from 3Q 2021). Profit margin: 5.2% (up from 4.4% in 3Q 2021). Revenue missed analyst estimates by 4.5%. 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 34% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 15% share price gain to ₹923, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 34% share price gain to ₹869, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 87% over the past three years.