Buy Or Sell Opportunity • Jul 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to ₹166. The fair value is estimated to be ₹136, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Buy Or Sell Opportunity • Jun 15
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to ₹153. The fair value is estimated to be ₹125, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹9.12 (vs ₹10.47 in FY 2025) Full year 2026 results: EPS: ₹9.12 (down from ₹10.47 in FY 2025). Revenue: ₹12.8b (up 3.4% from FY 2025). Net income: ₹724.9m (down 13% from FY 2025). Profit margin: 5.7% (down from 6.7% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% 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 13% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annonce • May 20
Rupa & Company Limited to Report Q4, 2026 Results on May 26, 2026 Rupa & Company Limited announced that they will report Q4, 2026 results on May 26, 2026 Buy Or Sell Opportunity • May 12
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.3% to ₹142. The fair value is estimated to be ₹184, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 8.4%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 8.0% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹170, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 26x in the Luxury industry in India. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹129, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 23x in the Luxury industry in India. Total loss to shareholders of 39% over the past three years. New Risk • Mar 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.38b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Mar 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₹130. The fair value is estimated to be ₹168, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 8.4%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 8.0% in the next 2 years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹2.04 (vs ₹2.99 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.04 (down from ₹2.99 in 3Q 2025). Revenue: ₹3.19b (flat on 3Q 2025). Net income: ₹162.6m (down 32% from 3Q 2025). Profit margin: 5.1% (down from 7.5% in 3Q 2025). Revenue is forecast to grow 3.8% 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 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • Feb 05
Rupa & Company Limited to Report Q3, 2026 Results on Feb 12, 2026 Rupa & Company Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹1.82 (vs ₹2.32 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.82 (down from ₹2.32 in 2Q 2025). Revenue: ₹3.26b (up 8.8% from 2Q 2025). Net income: ₹145.0m (down 21% from 2Q 2025). Profit margin: 4.4% (down from 6.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% 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 fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Annonce • Nov 07
Rupa & Company Limited to Report Q2, 2026 Results on Nov 13, 2025 Rupa & Company Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Upcoming Dividend • Aug 18
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 25 August 2025. Payment date: 01 October 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.6%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.6%). Price Target Changed • Aug 15
Price target decreased by 15% to ₹223 Down from ₹263, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ₹193. Stock is down 36% over the past year. The company is forecast to post earnings per share of ₹9.00 for next year compared to ₹10.47 last year. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.69 (vs ₹1.32 in 1Q 2025) First quarter 2026 results: EPS: ₹0.69 (down from ₹1.32 in 1Q 2025). Revenue: ₹1.89b (down 10.0% from 1Q 2025). Net income: ₹55.2m (down 47% from 1Q 2025). Profit margin: 2.9% (down from 5.0% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.3% 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 fallen by 20% per year whereas the company’s share price has fallen by 17% per year. Annonce • Aug 06
Rupa & Company Limited to Report Q1, 2026 Results on Aug 12, 2025 Rupa & Company Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹10.47 (vs ₹8.77 in FY 2024) Full year 2025 results: EPS: ₹10.47 (up from ₹8.77 in FY 2024). Revenue: ₹12.6b (up 3.3% from FY 2024). Net income: ₹832.9m (up 19% from FY 2024). Profit margin: 6.6% (up from 5.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% 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 fallen by 33% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Annonce • May 15
Rupa & Company Limited to Report Q4, 2025 Results on May 21, 2025 Rupa & Company Limited announced that they will report Q4, 2025 results on May 21, 2025 Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹2.99 (vs ₹2.61 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.99 (up from ₹2.61 in 3Q 2024). Revenue: ₹3.21b (flat on 3Q 2024). Net income: ₹238.0m (up 14% from 3Q 2024). Profit margin: 7.4% (up from 6.5% in 3Q 2024). Revenue is forecast to grow 12% 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 fallen by 44% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Annonce • Jan 30
Rupa & Company Limited to Report Q3, 2025 Results on Feb 06, 2025 Rupa & Company Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: ₹2.32 (vs ₹2.58 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.32 (down from ₹2.58 in 2Q 2024). Revenue: ₹3.01b (flat on 2Q 2024). Net income: ₹184.4m (down 10% from 2Q 2024). Profit margin: 6.1% (down from 6.8% in 2Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Annonce • Nov 09
Rupa & Company Limited Announces Completion of Second and Final Term of Alka Devi Bangur as Non-Executive Independent Director, Effective November 13, 2024 Rupa & Company Limited at its board meeting held on November 9, 2024 took note of completion of second and final term of Mrs. Alka Devi Bangur (DIN: 00012894), as Non-Executive Independent Director of the Company, w.e.f. closure of business hours on November 13, 2024. Annonce • Nov 02
Rupa & Company Limited to Report Q2, 2025 Results on Nov 09, 2024 Rupa & Company Limited announced that they will report Q2, 2025 results at 3:30 PM, Indian Standard Time on Nov 09, 2024 Annonce • Sep 29
Rupa & Company Limited Declares Dividend for the Financial Year Ended March 31, 2024 Rupa & Company Limited declared a Dividend of 300 %, i.e. INR 3/-, per equity share of the face value of INR 1/- each, fully paid up, for the Financial Year ended March 31, 2024. Upcoming Dividend • Sep 13
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 27 October 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (0.4%). Annonce • Aug 30
Rupa & Company Limited, Annual General Meeting, Sep 27, 2024 Rupa & Company Limited, Annual General Meeting, Sep 27, 2024, at 11:30 Indian Standard Time. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹1.32 (vs ₹0.53 in 1Q 2024) First quarter 2025 results: EPS: ₹1.32 (up from ₹0.53 in 1Q 2024). Revenue: ₹2.15b (up 10.0% from 1Q 2024). Net income: ₹104.6m (up 148% from 1Q 2024). Profit margin: 4.9% (up from 2.2% in 1Q 2024). The increase in margin was driven by higher revenue. 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 fallen by 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Annonce • Aug 10
Rupa & Company Limited Announces Management Changes Rupa & Company Limited at its board meeting held on August 09, 2024 Took note of completion of second and final term of the following Non-Executive Independent Directors of the Company with effect from closure of business hours on September 05, 2024: Mr. Dipak Kumar Banerjee (DIN: 00028123), Mr. Vinod Kumar Kothari (DIN: 00050850), Mr. Sushil Patwari (DIN: 00023980), Mr. Dharam Chand Jain (DIN: 00453341). On the recommendation of Nomination & Remuneration Committee, approved the appointment of Mr. Sumit Jaiswal (ICSI Membership No. F9485) as the Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from August 10, 2024. Further noted the cessation of Ms. Swati Parakh (ICSI Membership No. A54949) as the Interim Compliance Officer of the Company with effect from closure of business hours on August 09, 2024. Mr. Sumit Jaiswal is a Fellow member of The Institute of Company Secretaries of India (ICSI membership No. F9485) and an Associate member of The Institute of Cost Accountants of India. Mr. Jaiswal has more than 13 years of working experience mainly in the field of Corporate laws & Statutory Compliances. Previously, he has worked with other companies like Vedant Fashions Limited and Titagarh Rail Systems Limited. Annonce • Aug 02
Rupa & Company Limited to Report Q1, 2025 Results on Aug 09, 2024 Rupa & Company Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹320, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 30x in the Luxury industry in India. Total loss to shareholders of 38% over the past three years. Reported Earnings • May 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹8.77 (up from ₹6.76 in FY 2023). Revenue: ₹12.2b (up 6.4% from FY 2023). Net income: ₹697.8m (up 30% from FY 2023). Profit margin: 5.7% (up from 4.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 13%. 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 fallen by 46% 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 • May 18
Rupa & Company Limited to Report Q4, 2024 Results on May 23, 2024 Rupa & Company Limited announced that they will report Q4, 2024 results on May 23, 2024 Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹2.61 (vs ₹0.69 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.61 (up from ₹0.69 in 3Q 2023). Revenue: ₹3.19b (up 35% from 3Q 2023). Net income: ₹207.8m (up 276% from 3Q 2023). Profit margin: 6.5% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% 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 fallen by 37% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹2.58 (vs ₹2.12 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.58 (up from ₹2.12 in 2Q 2023). Revenue: ₹3.02b (up 5.8% from 2Q 2023). Net income: ₹205.3m (up 22% from 2Q 2023). Profit margin: 6.8% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue. 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 fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annonce • Oct 31
Rupa & Company Limited to Report Q2, 2024 Results on Nov 06, 2023 Rupa & Company Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Annonce • Aug 10
Rupa & Company Limited Approves Dividend for the Financial Year Ended March 31, 2023 Rupa & Company Limited at its AGM held on August 8, 2023 approved dividend of 300% i.e. INR 3/- per equity share of INR 1 each, for the financial year ended March 31, 2023. Annonce • Aug 05
Rupa & Company Limited to Report Q1, 2024 Results on Aug 11, 2023 Rupa & Company Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Upcoming Dividend • Jul 25
Upcoming dividend of ₹3.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 01 August 2023. Payment date: 07 September 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 22
Full year 2023 earnings released: EPS: ₹6.76 (vs ₹24.12 in FY 2022) Full year 2023 results: EPS: ₹6.76 (down from ₹24.12 in FY 2022). Revenue: ₹11.4b (down 23% from FY 2022). Net income: ₹537.3m (down 72% from FY 2022). Profit margin: 4.7% (down from 13% 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 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 18
Rupa & Company Limited Proposes Dividend for the Financial Year Ended March 31, 2023 Rupa & Company Limited at the Annual General Meeting to be held on 8 August, 2023, proposed to declare a Dividend of 300 %, INR 3 per equity share of INR 1 each, fully paid up, for the financial year ended March 31, 2023. Annonce • Jul 06
Rupa & Company Limited, Annual General Meeting, Aug 08, 2023 Rupa & Company Limited, Annual General Meeting, Aug 08, 2023, at 11:00 Indian Standard Time. Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹6.76 (vs ₹24.12 in FY 2022) Full year 2023 results: EPS: ₹6.76 (down from ₹24.12 in FY 2022). Revenue: ₹11.6b (down 21% from FY 2022). Net income: ₹537.3m (down 72% from FY 2022). Profit margin: 4.6% (down from 13% 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 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 25
Rupa & Company Limited Recommends Dividend for the Financial Year Ended March 31, 2023 Rupa & Company Limited announced that at its board meeting held on May 24, 2023, the board recommended a dividend of 300% (INR 3 per equity share of INR 1 each) for the financial year ended March 31, 2023, subject to the approval of shareholders in the upcoming Annual General Meeting of the Company. Payment of dividend, shall be made within 30 days from the date of approval by the members in the upcoming Annual General Meeting of the company. Annonce • May 19
Rupa & Company Limited to Report Q4, 2023 Results on May 24, 2023 Rupa & Company Limited announced that they will report Q4, 2023 results on May 24, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.69 (vs ₹7.33 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.69 (down from ₹7.33 in 3Q 2022). Revenue: ₹2.36b (down 46% from 3Q 2022). Net income: ₹55.2m (down 91% from 3Q 2022). Profit margin: 2.3% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 32% 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 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Feb 04
Rupa & Company Limited to Report Q3, 2023 Results on Feb 10, 2023 Rupa & Company Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹2.12 (vs ₹6.66 in 2Q 2022) Second quarter 2023 results: EPS: ₹2.12 (down from ₹6.66 in 2Q 2022). Revenue: ₹2.86b (down 22% from 2Q 2022). Net income: ₹168.7m (down 68% from 2Q 2022). Profit margin: 5.9% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 22% 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 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 01
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 08 August 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 27
Full year 2022 earnings released: EPS: ₹24.12 (vs ₹22.04 in FY 2021) Full year 2022 results: EPS: ₹24.12 (up from ₹22.04 in FY 2021). Revenue: ₹14.7b (up 12% from FY 2021). Net income: ₹1.92b (up 9.5% from FY 2021). Profit margin: 13% (in line with FY 2021). Over the next year, revenue is forecast to grow 15%, compared to a 23% growth forecast for the 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 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₹357, the stock trades at a trailing P/E ratio of 13.5x. Average forward P/E is 19x in the Luxury industry in India. Total returns to shareholders of 49% over the past three years. Reported Earnings • May 26
Full year 2022 earnings released: EPS: ₹24.12 (vs ₹22.04 in FY 2021) Full year 2022 results: EPS: ₹24.12 (up from ₹22.04 in FY 2021). Revenue: ₹14.7b (up 12% from FY 2021). Net income: ₹1.92b (up 9.5% from FY 2021). Profit margin: 13% (in line with FY 2021). 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 8% 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 20% share price decline to ₹431, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 58% over the past three years. Board Change • Apr 27
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. 9 highly experienced directors. Independent Director Ashok Bhandari was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹516, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 60% over the past three years. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹7.33 (up from ₹5.45 in 3Q 2021). Revenue: ₹4.33b (up 25% from 3Q 2021). Net income: ₹582.7m (up 34% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 04
Second quarter 2022 earnings released: EPS ₹6.66 (vs ₹5.71 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹3.68b (up 21% from 2Q 2021). Net income: ₹529.7m (up 17% from 2Q 2021). Profit margin: 14% (in line with 2Q 2021). Board Change • Sep 02
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. 5 experienced directors. 7 highly experienced directors. Independent Director Ashok Bhandari was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Aug 16
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 23 August 2021. Payment date: 30 September 2021. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.4%). Reported Earnings • Aug 09
Full year 2021 earnings released: EPS ₹22.04 (vs ₹7.78 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹13.1b (up 35% from FY 2020). Net income: ₹1.75b (up 183% from FY 2020). Profit margin: 13% (up from 6.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 01
Full year 2021 earnings released: EPS ₹22.04 (vs ₹7.78 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹13.2b (up 35% from FY 2020). Net income: ₹1.75b (up 183% from FY 2020). Profit margin: 13% (up from 6.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 17% share price gain to ₹375, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 12% over the past three years. Is New 90 Day High Low • Mar 15
New 90-day high: ₹334 The company is up 40% from a price of ₹238 on 15 December 2020. Outperformed the Indian market which is up 14% over the last 90 days. Exceeded the Luxury industry, which is up 12% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: ₹311 The company is up 47% from its price of ₹211 on 10 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 21% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS ₹5.45 (vs ₹3.58 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹3.47b (up 13% from 3Q 2020). Net income: ₹433.9m (up 52% from 3Q 2020). Profit margin: 13% (up from 9.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.