Declared Dividend • May 13
Dividend reduced to ₹1.50 Dividend of ₹1.50 is 25% lower than last year. Ex-date: 19th June 2026 Payment date: 27th July 2026 Dividend yield will be 1.4%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 57% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.1% EPS decline seen over the last 5 years. Annonce • May 12
Solitaire Machine Tools Limited announces Annual dividend, payable on July 27, 2026 Solitaire Machine Tools Limited announced Annual dividend of INR 1.5000 per share payable on July 27, 2026, ex-date on June 19, 2026 and record date on June 20, 2026. Annonce • May 11
Solitaire Machine Tools Limited, Annual General Meeting, Jun 27, 2026 Solitaire Machine Tools Limited, Annual General Meeting, Jun 27, 2026, at 11:00 Indian Standard Time. Reported Earnings • May 11
Full year 2026 earnings released: EPS: ₹2.96 (vs ₹5.16 in FY 2025) Full year 2026 results: EPS: ₹2.96 (down from ₹5.16 in FY 2025). Revenue: ₹191.6m (down 15% from FY 2025). Net income: ₹13.5m (down 43% from FY 2025). Profit margin: 7.0% (down from 10% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. New Risk • May 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.0% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₹506.8m market cap, or US$5.33m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.0% net profit margin). Revenue is less than US$5m (₹192m revenue, or US$2.0m). Annonce • Apr 27
Solitaire Machine Tools Limited to Report Q4, 2026 Results on May 09, 2026 Solitaire Machine Tools Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 09, 2026 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹104, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 25x in the Machinery industry in India. Total returns to shareholders of 163% over the past three years. New Risk • Mar 10
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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹490.6m market cap, or US$5.34m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (₹177m revenue, or US$1.9m). New Risk • Feb 03
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 7.1% 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 Risk Market cap is less than US$10m (₹484.9m market cap, or US$5.37m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (₹177m revenue, or US$2.0m). Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: ₹0.73 (vs ₹1.56 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.73 (down from ₹1.56 in 3Q 2025). Revenue: ₹36.5m (down 47% from 3Q 2025). Net income: ₹3.34m (down 53% from 3Q 2025). Profit margin: 9.1% (down from 10% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 22
Solitaire Machine Tools Limited to Report Q3, 2026 Results on Jan 29, 2026 Solitaire Machine Tools Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Annonce • Nov 08
Solitaire Machine Tools Limited to Report Q2, 2026 Results on Nov 14, 2025 Solitaire Machine Tools Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Jul 23
First quarter 2026 earnings released: EPS: ₹0.09 (vs ₹0.95 in 1Q 2025) First quarter 2026 results: EPS: ₹0.09 (down from ₹0.95 in 1Q 2025). Revenue: ₹22.0m (down 55% from 1Q 2025). Net income: ₹411.0k (down 91% from 1Q 2025). Profit margin: 1.9% (down from 8.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 15
Solitaire Machine Tools Limited to Report Q1, 2026 Results on Jul 22, 2025 Solitaire Machine Tools Limited announced that they will report Q1, 2026 results on Jul 22, 2025 Upcoming Dividend • Jun 13
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 20 June 2025. Payment date: 28 July 2025. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.3%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.9%). Declared Dividend • May 21
Dividend increased to ₹2.00 Dividend of ₹2.00 is 14% higher than last year. Ex-date: 20th June 2025 Payment date: 28th July 2025 Dividend yield will be 1.4%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (44% 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 8.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 20
Solitaire Machine Tools Limited announces Annual dividend, payable on July 28, 2025 Solitaire Machine Tools Limited announced Annual dividend of INR 2.0000 per share payable on July 28, 2025, ex-date on June 20, 2025 and record date on June 20, 2025. Annonce • May 19
Solitaire Machine Tools Limited, Annual General Meeting, Jun 28, 2025 Solitaire Machine Tools Limited, Annual General Meeting, Jun 28, 2025, at 11:00 Indian Standard Time. Reported Earnings • May 19
Full year 2025 earnings released: EPS: ₹5.16 (vs ₹3.97 in FY 2024) Full year 2025 results: EPS: ₹5.16 (up from ₹3.97 in FY 2024). Revenue: ₹231.6m (up 11% from FY 2024). Net income: ₹23.5m (up 30% from FY 2024). Profit margin: 10% (up from 8.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹162, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 31x in the Machinery industry in India. Total returns to shareholders of 206% over the past three years. Annonce • May 05
Solitaire Machine Tools Limited to Report Q4, 2025 Results on May 17, 2025 Solitaire Machine Tools Limited announced that they will report Q4, 2025 results at 9:15 AM, Indian Standard Time on May 17, 2025 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹156, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 31x in the Machinery industry in India. Total returns to shareholders of 294% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹146, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 29x in the Machinery industry in India. Total returns to shareholders of 230% over the past three years. New Risk • Feb 10
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 Risk Market cap is less than US$10m (₹552.6m market cap, or US$6.32m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Revenue is less than US$5m (₹221m revenue, or US$2.5m). Reported Earnings • Feb 09
Third quarter 2025 earnings released: EPS: ₹1.56 (vs ₹0.79 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.56 (up from ₹0.79 in 3Q 2024). Revenue: ₹68.8m (up 23% from 3Q 2024). Net income: ₹7.07m (up 98% from 3Q 2024). Profit margin: 10% (up from 6.4% in 3Q 2024). The increase in margin 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 30% 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 17% After last week's 17% share price gain to ₹106, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 36x in the Machinery industry in India. Total returns to shareholders of 122% over the past three years. Annonce • Jan 24
Solitaire Machine Tools Limited to Report Q3, 2025 Results on Feb 08, 2025 Solitaire Machine Tools Limited announced that they will report Q3, 2025 results at 9:15 AM, Indian Standard Time on Feb 08, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹1.09 (vs ₹0.89 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.09 (up from ₹0.89 in 2Q 2024). Revenue: ₹39.6m (down 41% from 2Q 2024). Net income: ₹4.96m (up 23% from 2Q 2024). Profit margin: 13% (up from 6.0% in 2Q 2024). The increase in margin was driven by lower expenses. 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 44% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 29
Solitaire Machine Tools Limited to Report Q2, 2025 Results on Nov 14, 2024 Solitaire Machine Tools Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹110, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 40x in the Machinery industry in India. Total returns to shareholders of 256% over the past three years. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.95 (vs ₹0.83 in 1Q 2024) First quarter 2025 results: EPS: ₹0.95 (up from ₹0.83 in 1Q 2024). Revenue: ₹49.5m (up 154% from 1Q 2024). Net income: ₹4.32m (up 14% from 1Q 2024). Profit margin: 8.7% (down from 19% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 47% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 05
Solitaire Machine Tools Limited to Report Q1, 2025 Results on Aug 14, 2024 Solitaire Machine Tools Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Upcoming Dividend • Jun 14
Upcoming dividend of ₹1.75 per share Eligible shareholders must have bought the stock before 21 June 2024. Payment date: 29 July 2024. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 1.6%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹97.43, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 38x in the Machinery industry in India. Total returns to shareholders of 161% over the past three years. Declared Dividend • May 29
Dividend increased to ₹1.75 Dividend of ₹1.75 is 17% higher than last year. Ex-date: 21st June 2024 Payment date: 29th July 2024 Dividend yield will be 2.1%, which is higher than the industry average of 0.6%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 26
Solitaire Machine Tools Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2024 Solitaire Machine Tools Limited announced that the Board of Directors Company at their meeting held 25 May, 2024, Recommended final dividend of INR 1.75 (17.5 %) per Equity Share having face value of INR 10 each for the financial year ended 31st March, 2024, subject To Approve the Shareholders at the ensuing Annual General Meeting. Annonce • May 18
Solitaire Machine Tools Limited to Report Q4, 2024 Results on May 25, 2024 Solitaire Machine Tools Limited announced that they will report Q4, 2024 results on May 25, 2024 New Risk • Apr 22
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 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹424.7m market cap, or US$5.09m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Revenue is less than US$5m (₹224m revenue, or US$2.7m). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₹93.50, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 38x in the Machinery industry in India. Total returns to shareholders of 317% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹72.60, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 36x in the Machinery industry in India. Total returns to shareholders of 219% over the past three years. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹0.79 (vs ₹0.65 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.79 (up from ₹0.65 in 3Q 2023). Revenue: ₹57.8m (up 78% from 3Q 2023). Net income: ₹3.57m (up 22% from 3Q 2023). Profit margin: 6.2% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 30
Solitaire Machine Tools Limited to Report Q3, 2024 Results on Feb 08, 2024 Solitaire Machine Tools Limited announced that they will report Q3, 2024 results on Feb 08, 2024 New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹431.3m market cap, or US$5.17m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Revenue is less than US$5m (₹170m revenue, or US$2.0m). Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹78.46, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 222% over the past three years. Annonce • Nov 09
Solitaire Machine Tools Limited Appoints Krishna Tejashkumar Naik as Company Secretary and Compliance Officer The Board of Directors of Solitaire Machine Tools Limited in their Meeting held on 9th November, 2023 have appointed Ms. Krishna Tejashkumar Naik (ACS: 45523) as a Company Secretary and Compliance Officer and further as Key Managerial Personnel w.e.f. 10th November, 2023. She is as Associate Member of ICSI, having Membership No. A45523. She is having seven years of experience in Secretarial and Compliance Department. Besides being Company Secretary, she is holding a Degree of B.Com. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹69.21, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 226% over the past three years. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹0.83 (vs ₹0.59 in 1Q 2023) First quarter 2024 results: EPS: ₹0.83 (up from ₹0.59 in 1Q 2023). Revenue: ₹20.4m (down 44% from 1Q 2023). Net income: ₹3.77m (up 40% from 1Q 2023). Profit margin: 19% (up from 7.4% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹72.20, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 30x in the Machinery industry in India. Total returns to shareholders of 321% over the past three years. Annonce • Aug 03
Solitaire Machine Tools Limited to Report Q1, 2024 Results on Aug 10, 2023 Solitaire Machine Tools Limited announced that they will report Q1, 2024 results on Aug 10, 2023 New Risk • Aug 01
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 8.7% 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 (8.7% average weekly change). Market cap is less than US$10m (₹302.0m market cap, or US$3.67m). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₹187m revenue, or US$2.3m). Annonce • Jul 04
Solitaire Machine Tools Limited Declares Dividend for the Financial Year Ended March 31, 2023 Solitaire Machine Tools Limited at its AGM held on July 1, 2023 declared dividend at the rate of INR 1.5 per Equity Share of face Value of INR 10 each, fully paid up, recommended by the Board for the Financial Year ended March 31, 2023. Upcoming Dividend • Jun 15
Upcoming dividend of ₹1.50 per share at 2.4% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 2.4%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹50.54, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 207% over the past three years. Annonce • May 21
Solitaire Machine Tools Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2023 Solitaire Machine Tools Limited at its board meeting held on 20 May, 2023, recommended Final Dividend of INR 1.5 (15%) per Equity Share having face value of INR 10 each for the Financial Year ended 31 March, 2023, Subject To Approve the Shareholders at the ensuing Annual General Meeting. Reported Earnings • May 20
Full year 2023 earnings released: EPS: ₹3.51 (vs ₹2.32 in FY 2022) Full year 2023 results: EPS: ₹3.51 (up from ₹2.32 in FY 2022). Revenue: ₹190.1m (up 40% from FY 2022). Net income: ₹16.0m (up 51% from FY 2022). Profit margin: 8.4% (up from 7.8% 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 35% per year whereas the company’s share price has increased by 33% per year. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.65 (vs ₹0.62 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.65 (up from ₹0.62 in 3Q 2022). Revenue: ₹32.4m (down 17% from 3Q 2022). Net income: ₹2.93m (up 3.4% from 3Q 2022). Profit margin: 9.0% (up from 7.2% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annonce • Feb 04
Solitaire Machine Tools Limited to Report Q3, 2023 Results on Feb 11, 2023 Solitaire Machine Tools Limited announced that they will report Q3, 2023 results on Feb 11, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive & Independent Director Kesha Thakkar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Nov 05
Solitaire Machine Tools Limited to Report Q2, 2023 Results on Nov 14, 2022 Solitaire Machine Tools Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Annonce • Sep 16
Solitaire Machine Tools Limited Announces Appointment of Raman Prajapat as Company Secretary and Compliance Officer Solitaire Machine Tools Limited announced that Board of Directors at its meeting held on September 15, 2022, based on recommendation of Nomination and Remuneration Committee has approved the appointment of Mr. Raman Prajapat as Whole time Company Secretary and Compliance officer of the company. Mr. Raman Prajapat is a Qualified Company Secretary having combined work experience of 5 years in field of Accounting, Finance & Taxation, Corporate Legal and Secretarial services. Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: ₹0.59 (vs ₹0.23 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.59 (up from ₹0.23 loss in 1Q 2022). Revenue: ₹37.0m (up 183% from 1Q 2022). Net income: ₹2.70m (up ₹3.75m from 1Q 2022). Profit margin: 7.3% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year. Upcoming Dividend • Jun 30
Upcoming dividend of ₹1.20 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 15 August 2022. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 2.1%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.8%). Annonce • Jun 17
Solitaire Machine Tools Limited, Annual General Meeting, Jul 16, 2022 Solitaire Machine Tools Limited, Annual General Meeting, Jul 16, 2022, at 11:00 Indian Standard Time. Agenda: To consider and adopt the audited standalone financial statements for the year ended March 31, 2022 and Report of the Directors and Auditors thereon; to consider declaration of dividend; to consider appointment of director in place of those retiring; to consider appointment of director in place of those retiring by rotation; and to consider appointment and fixing of remuneration of statutory auditor. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹2.32 (vs ₹3.12 in FY 2021) Full year 2022 results: EPS: ₹2.32 (down from ₹3.12 in FY 2021). Revenue: ₹138.8m (down 19% from FY 2021). Net income: ₹10.6m (down 26% from FY 2021). Profit margin: 7.6% (down from 8.3% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year. Annonce • May 24
Solitaire Machine Tools Limited to Report Q4, 2022 Results on May 30, 2022 Solitaire Machine Tools Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive & Independent Director Kesha Thakkar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 21% share price gain to ₹55.55, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 25x in the Machinery industry in India. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 18% share price gain to ₹47.35, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 45% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.62 (up from ₹0.15 in 3Q 2021). Revenue: ₹39.3m (up 88% from 3Q 2021). Net income: ₹2.84m (up 304% from 3Q 2021). Profit margin: 7.2% (up from 3.4% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 29% share price gain to ₹43.50, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 22x in the Machinery industry in India. Total loss to shareholders of 3.4% over the past three years. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹40.65, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 25x in the Machinery industry in India. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₹48.40, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 27x in the Machinery industry in India. Negligible returns to shareholders over past three years. Upcoming Dividend • Jun 30
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 07 July 2021. Payment date: 14 August 2021. Trailing yield: 2.4%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 22% share price gain to ₹39.25, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 24x in the Machinery industry in India. Total loss to shareholders of 31% over the past three years. Reported Earnings • Jun 05
Full year 2021 earnings released: EPS ₹3.12 (vs ₹1.46 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹180.2m (up 47% from FY 2020). Net income: ₹14.2m (up 115% from FY 2020). Profit margin: 7.9% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annonce • Jun 02
Solitaire Machine Tools Limited Recommends Dividend for the Financial Year Ended March 31, 2021 Solitaire Machine Tools Limited at its board meeting held on June 1, 2021, recommended dividend of 10% viz. 1.00 per equity share (face value of INR 10 each) for the financial year ended March 31, 2021. Is New 90 Day High Low • Mar 05
New 90-day low: ₹23.10 The company is down 8.0% from its price of ₹25.00 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 28% over the same period. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹0.15 (vs ₹0.49 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹20.9m (down 22% from 3Q 2020). Net income: ₹702.0k (down 69% from 3Q 2020). Profit margin: 3.4% (down from 8.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Annonce • Jan 24
Solitaire Machine Tools Limited to Report Q3, 2021 Results on Feb 11, 2021 Solitaire Machine Tools Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Jan 11
New 90-day high: ₹27.30 The company is up 41% from its price of ₹19.30 on 13 October 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 31% over the same period. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 16% share price gain to ₹26.20, the stock is trading at a trailing P/E ratio of 39x, up from the previous P/E ratio of 33.5x. This compares to an average P/E of 21x in the Machinery industry in India. Total return to shareholders over the past three years is a loss of 48%. Is New 90 Day High Low • Nov 27
New 90-day high: ₹24.10 The company is up 5.0% from its price of ₹23.00 on 28 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 7.0% over the same period. Reported Earnings • Nov 08
Second quarter 2021 earnings released: EPS ₹0.22 The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: ₹62.2m (up 133% from 2Q 2020). Net income: ₹967.0k (down 34% from 2Q 2020). Profit margin: 1.6% (down from 5.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Annonce • Aug 23
Solitaire Machine Tools Limited to Report Q1, 2021 Results on Sep 07, 2020 Solitaire Machine Tools Limited announced that they will report Q1, 2021 results on Sep 07, 2020