Annonce • 19h
Damodar Industries Limited to Report Q1, 2027 Results on Aug 08, 2026 Damodar Industries Limited announced that they will report Q1, 2027 results at 9:15 AM, Indian Standard Time on Aug 08, 2026 Reported Earnings • Jul 19
Full year 2026 earnings released: EPS: ₹2.31 (vs ₹2.32 in FY 2025) Full year 2026 results: EPS: ₹2.31 (down from ₹2.32 in FY 2025). Revenue: ₹4.30b (up 2.0% from FY 2025). Net income: ₹53.7m (flat on FY 2025). Profit margin: 1.2% (down from 1.3% in FY 2025). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • May 18
Damodar Industries Limited, Annual General Meeting, Aug 08, 2026 Damodar Industries Limited, Annual General Meeting, Aug 08, 2026. Reported Earnings • May 18
Full year 2026 earnings released: EPS: ₹2.31 (vs ₹2.32 in FY 2025) Full year 2026 results: EPS: ₹2.31 (down from ₹2.32 in FY 2025). Revenue: ₹4.40b (up 4.3% from FY 2025). Net income: ₹53.7m (flat on FY 2025). Profit margin: 1.2% (down from 1.3% 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 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Market cap is less than US$10m (₹767.0m market cap, or US$8.05m). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹32.92, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 19x in the Luxury industry in India. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹27.11, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 35% over the past three years. Buy Or Sell Opportunity • Mar 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to ₹23.75. The fair value is estimated to be ₹29.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has grown by 50%. Reported Earnings • Jan 17
Third quarter 2026 earnings released Third quarter 2026 results: EPS: ₹0.42. Revenue: ₹942.7m (down 22% from 3Q 2025). Net income: ₹9.89m (down 38% from 3Q 2025). Profit margin: 1.0% (down from 1.3% in 3Q 2025). Board Change • Jan 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non-Executive Independent Director Mamta Biyani was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 16
Damodar Industries Limited Announces Resignation of Pankaj Srivastava as Non Executive Independent Director and Member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, Effective January 13, 2026 Damodar Industries Limited at the board meeting held on January 16, 2026 announced that Mr. Pankaj Srivastava has resigned as an Independent Director of the Company, with effect from the close of business hours on January 13, 2026, due to pre-occupation and other personal commitments. Mr. Srivastava was appointed as an Independent Director on the Board of Directors of Damodar Industries Limited with effect from July 24, 2025. Consequently, he shall also cease to be a Member of the Board Committees of the Company. Mr. Srivastava was a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. He holds directorships in Damodar lndustries Limited as Non-Executive-Independent Director and memberships in Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Reported Earnings • Oct 16
Second quarter 2026 earnings released: EPS: ₹0.49 (vs ₹0.32 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.49 (up from ₹0.32 in 2Q 2025). Revenue: ₹1.22b (up 26% from 2Q 2025). Net income: ₹11.5m (up 55% from 2Q 2025). Profit margin: 0.9% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annonce • Oct 07
Damodar Industries Limited to Report Q2, 2026 Results on Oct 14, 2025 Damodar Industries Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Oct 14, 2025 Reported Earnings • Jul 30
Full year 2025 earnings released: EPS: ₹2.32 (vs ₹2.24 in FY 2024) Full year 2025 results: EPS: ₹2.32 (up from ₹2.24 in FY 2024). Revenue: ₹4.21b (down 41% from FY 2024). Net income: ₹54.0m (up 3.5% from FY 2024). Profit margin: 1.3% (up from 0.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annonce • Jul 24
Damodar Industries Limited to Report Q1, 2026 Results on Aug 02, 2025 Damodar Industries Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Aug 02, 2025 Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹2.32 (vs ₹2.24 in FY 2024) Full year 2025 results: EPS: ₹2.32 (up from ₹2.24 in FY 2024). Revenue: ₹4.47b (down 38% from FY 2024). Net income: ₹54.0m (up 3.5% from FY 2024). Profit margin: 1.2% (up from 0.7% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Annonce • May 26
Damodar Industries Limited, Annual General Meeting, Aug 22, 2025 Damodar Industries Limited, Annual General Meeting, Aug 22, 2025. Annonce • May 19
Damodar Industries Limited to Report Q4, 2025 Results on May 26, 2025 Damodar Industries Limited announced that they will report Q4, 2025 results on May 26, 2025 Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹0.14 (vs ₹0.006 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.14 (up from ₹0.006 in 3Q 2024). Revenue: ₹1.20b (down 16% from 3Q 2024). Net income: ₹16.1m (up ₹15.9m from 3Q 2024). Profit margin: 1.3% (up from 0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Annonce • Jan 29
Damodar Industries Limited to Report Q3, 2025 Results on Feb 05, 2025 Damodar Industries Limited announced that they will report Q3, 2025 results on Feb 05, 2025 New Risk • Jan 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹837.6m (US$9.68m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Market cap is less than US$10m (₹837.6m market cap, or US$9.68m). Minor Risk Large one-off items impacting financial results. Annonce • Nov 21
Damodar Industries Limited Announces Resignation of Anil Biyani as Director Damodar Industries Limited informed that Mr. Anil Biyani (DIN: 09131437) Director of the company has vide his Resignation dated 18h November, 2024, resigned from the Board of the Company. The company Further Inform that the Board may Consider and give its acceptance to his resignation in the next Board meeting. Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: ₹0.32 (vs ₹0.40 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.32 (down from ₹0.40 in 2Q 2024). Revenue: ₹1.01b (down 48% from 2Q 2024). Net income: ₹7.39m (down 20% from 2Q 2024). Profit margin: 0.7% (up from 0.5% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Annonce • Oct 23
Damodar Industries Limited to Report Q2, 2025 Results on Oct 29, 2024 Damodar Industries Limited announced that they will report Q2, 2025 results on Oct 29, 2024 Recent Insider Transactions • Sep 07
Co-Founder & Executive Chairman recently sold ₹74k worth of stock On the 4th of September, Arun Biyani sold around 2k shares on-market at roughly ₹49.17 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, there was an even bigger sale from another insider worth ₹332k. This was Arun's only on-market trade for the last 12 months. Recent Insider Transactions • Aug 26
Head of Amravati Plant recently sold ₹253k worth of stock On the 23rd of August, Akshay Biyani sold around 5k shares on-market at roughly ₹50.50 per share. This transaction amounted to 1.3% 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 ₹332k. Insiders have been net sellers, collectively disposing of ₹1.5m more than they bought in the last 12 months. Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: ₹7.46 (vs ₹0.72 in 1Q 2024) First quarter 2025 results: EPS: ₹7.46. Revenue: ₹1.23b (down 38% from 1Q 2024). Net loss: ₹15.1m (down 190% from profit in 1Q 2024). Annonce • Jul 24
Damodar Industries Limited to Report Q1, 2025 Results on Jul 30, 2024 Damodar Industries Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Recent Insider Transactions • Jun 29
Insider recently sold ₹332k worth of stock On the 26th of June, Anil Biyani sold around 7k shares on-market at roughly ₹51.05 per share. This transaction amounted to less than 1% 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 ₹1.2m more than they bought in the last 12 months. Annonce • May 25
Damodar Industries Limited, Annual General Meeting, Aug 17, 2024 Damodar Industries Limited, Annual General Meeting, Aug 17, 2024. Reported Earnings • May 24
Full year 2024 earnings released: EPS: ₹2.24 (vs ₹0.34 in FY 2023) Full year 2024 results: EPS: ₹2.24 (up from ₹0.34 in FY 2023). Revenue: ₹7.41b (up 8.5% from FY 2023). Net income: ₹52.2m (up ₹44.2m from FY 2023). Profit margin: 0.7% (up from 0.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Annonce • May 19
Damodar Industries Limited to Report Q4, 2024 Results on May 23, 2024 Damodar Industries Limited announced that they will report Q4, 2024 results on May 23, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹48.45, the stock trades at a trailing P/E ratio of 37.2x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 103% over the past three years. Recent Insider Transactions • Mar 12
Insider recently sold ₹574k worth of stock On the 7th of March, Anil Biyani sold around 11k shares on-market at roughly ₹52.16 per share. This transaction amounted to less than 1% 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 ₹841k more than they bought in the last 12 months. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Additional Non-Executive Independent Director Mamta Biyani was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 01
Insider recently sold ₹220k worth of stock On the 27th of February, Anil Biyani sold around 4k shares on-market at roughly ₹57.90 per share. This transaction amounted to less than 1% 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 ₹240k more than they bought in the last 12 months. Reported Earnings • Feb 06
Third quarter 2024 earnings released: ₹0.10 loss per share (vs ₹0.28 loss in 3Q 2023) Third quarter 2024 results: ₹0.10 loss per share (improved from ₹0.28 loss in 3Q 2023). Revenue: ₹1.51b (up 22% from 3Q 2023). Net income: ₹166.0k (up ₹6.81m from 3Q 2023). Profit margin: 0% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹57.30, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 28x in the Luxury industry in India. Total returns to shareholders of 42% over the past three years. Reported Earnings • Nov 06
Second quarter 2024 earnings released: EPS: ₹0.40 (vs ₹0.67 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.40 (up from ₹0.67 loss in 2Q 2023). Revenue: ₹2.00b (up 31% from 2Q 2023). Net income: ₹9.22m (up ₹24.8m from 2Q 2023). Profit margin: 0.5% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Annonce • Oct 29
Damodar Industries Limited to Report Q2, 2024 Results on Nov 04, 2023 Damodar Industries Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Nov 04, 2023 Annonce • Aug 03
Damodar Industries Limited Announces Closing of its Daman Plant At Dabhel, Nani Daman Damodar Industries Limited announced the closure of Daman plant situated at Plot No. 165/67/68, Dabhel Ind. Co.-Op. Soc. Dabhel, Nani Daman (U.T.) - 396210 due to end of lease period of the plant and obsolescence and scrapping of all the machinery at the facility. This closure will be effective from August 1,2023. After careful evaluation and consideration, company have determined that the cost of upgrading and replacing the outdated machinery and lease rent of the Daman plant would be financially unfeasible. As a result, company have made the difficult decision to cease operations at this location. The closure of the Daman plant will not have a material impact on the overall operations and financial position of Company, remaining facilities and operations continue to be robust and are expected to meet the needs of customers. New Risk • Jul 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 1,102% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (₹1.11b market cap, or US$13.5m). Reported Earnings • Jul 22
Full year 2023 earnings released: EPS: ₹0.34 (vs ₹7.88 in FY 2022) Full year 2023 results: EPS: ₹0.34 (down from ₹7.88 in FY 2022). Revenue: ₹6.83b (down 25% from FY 2022). Net income: ₹7.97m (down 96% from FY 2022). Profit margin: 0.1% (down from 2.0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Annonce • Jul 22
Damodar Industries Limited, Annual General Meeting, Aug 11, 2023 Damodar Industries Limited, Annual General Meeting, Aug 11, 2023, at 11:30 Indian Standard Time. Agenda: To receive, consider and adopt the Standalone Financial Statements of the Company which includes the Audited Balance Sheet as on March 31, 2023 , the Statement of Profit and Loss for the financial year ended as on that and cash flow Statement together with Reports of the Board of Directors and the Statuary Auditors thereon; to appoint a Director in place of Mr. Ajay Biyani who retires by rotation and, being eligible, offers himself for re-election; to To fix remuneration payable to the Cost Auditors for the financial year 2023-24; and to consider other matter. Annonce • Jun 08
Damodar Industries Limited Announces Resignation of Subodh Kumar Soni as Company Secretary & Compliance Officer Damodar Industries Limited announced that the company has received resignation letter dated June 7, 2023 from Mr. Subodh Kumar Soni for resignation from the post of Company Secretary & Compliance Officer of the Company with effect from June 7, 2023. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹0.34 (vs ₹7.88 in FY 2022) Full year 2023 results: EPS: ₹0.34 (down from ₹7.88 in FY 2022). Revenue: ₹6.96b (down 23% from FY 2022). Net income: ₹7.97m (down 96% from FY 2022). Profit margin: 0.1% (down from 2.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Annonce • May 17
Damodar Industries Limited to Report Q4, 2023 Results on May 27, 2023 Damodar Industries Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 27, 2023 Reported Earnings • Feb 10
Third quarter 2023 earnings released: ₹0.28 loss per share (vs ₹2.86 profit in 3Q 2022) Third quarter 2023 results: ₹0.28 loss per share (down from ₹2.86 profit in 3Q 2022). Revenue: ₹1.30b (down 47% from 3Q 2022). Net loss: ₹6.64m (down 110% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annonce • Feb 03
Damodar Industries Limited to Report Q3, 2023 Results on Feb 09, 2023 Damodar Industries Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to ₹58.00, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 35% share price gain to ₹59.60, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 129% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: ₹0.67 loss per share (vs ₹1.37 profit in 2Q 2022) Second quarter 2023 results: ₹0.67 loss per share (down from ₹1.37 profit in 2Q 2022). Revenue: ₹1.54b (down 26% from 2Q 2022). Net loss: ₹15.6m (down 149% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 21
Full year 2022 earnings released: EPS: ₹7.88 (vs ₹2.66 loss in FY 2021) Full year 2022 results: EPS: ₹7.88 (up from ₹2.66 loss in FY 2021). Revenue: ₹9.09b (up 60% from FY 2021). Net income: ₹183.5m (up ₹245.5m from FY 2021). Profit margin: 2.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 08
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 15 July 2022. Payment date: 16 September 2022. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.6%). Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹7.88 (vs ₹2.66 loss in FY 2021) Full year 2022 results: EPS: ₹7.88 (up from ₹2.66 loss in FY 2021). Revenue: ₹9.11b (up 61% from FY 2021). Net income: ₹183.5m (up ₹245.5m from FY 2021). Profit margin: 2.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 27
Now 20% undervalued Over the last 90 days, the stock is up 7.6%. The fair value is estimated to be ₹83.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive Independent Director Mamta Biyani was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 19
Now 21% undervalued Over the last 90 days, the stock is up 1.8%. The fair value is estimated to be ₹85.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 19% share price gain to ₹69.25, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 65% over the past three years. Buying Opportunity • Mar 07
Now 24% undervalued Over the last 90 days, the stock is up 31%. The fair value is estimated to be ₹76.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company has become profitable over the last year. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹59.75, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 49% over the past three years. Buying Opportunity • Feb 14
Now 21% undervalued Over the last 90 days, the stock is up 34%. The fair value is estimated to be ₹80.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company has become profitable over the last year. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.86 (up from ₹0.25 in 3Q 2021). Revenue: ₹2.46b (up 48% from 3Q 2021). Net income: ₹66.7m (up ₹60.8m from 3Q 2021). Profit margin: 2.7% (up from 0.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹59.10, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 16% share price gain to ₹55.65, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 29% over the past three years. Board Change • Sep 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive Independent Director Mamta Biyani was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive Independent Director Mamta Biyani was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 02
Full year 2021 earnings released: ₹2.66 loss per share (vs ₹2.98 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: ₹5.68b (down 26% from FY 2020). Net loss: ₹62.0m (loss narrowed 11% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 16
New 90-day low: ₹29.15 The company is down 6.0% from a price of ₹31.00 on 16 December 2020. Underperformed the Indian market, which is up 13% over the last 90 days. Lagged the Luxury industry, which is up 11% over the same period.