Price Target Changed • May 11
Price target increased by 7.1% to ₹506 Up from ₹473, the current price target is an average from 5 analysts. New target price is 16% below last closing price of ₹606. Stock is up 26% over the past year. The company is forecast to post earnings per share of ₹36.20 for next year compared to ₹26.18 last year. Reported Earnings • May 08
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹26.18 (down from ₹31.05 in FY 2025). Revenue: ₹100.9b (up 3.1% from FY 2025). Net income: ₹7.45b (down 16% from FY 2025). Profit margin: 7.4% (down from 9.0% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 6.3% 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 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 23
Vardhman Textiles Limited to Report Fiscal Year 2026 Results on Apr 28, 2026 Vardhman Textiles Limited announced that they will report fiscal year 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹512, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Luxury industry in India. Total returns to shareholders of 79% over the past three years. Reported Earnings • Jan 22
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹5.85 (down from ₹7.40 in 3Q 2025). Revenue: ₹25.1b (up 1.6% from 3Q 2025). Net income: ₹1.66b (down 21% from 3Q 2025). Profit margin: 6.6% (down from 8.5% in 3Q 2025). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 6.7% 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 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 22
Price target decreased by 10% to ₹446 Down from ₹496, the current price target is an average from 5 analysts. New target price is 7.1% above last closing price of ₹416. Stock is down 8.9% over the past year. The company is forecast to post earnings per share of ₹26.30 for next year compared to ₹31.04 last year. Annonce • Jan 17
Vardhman Textiles Limited to Report Q3, 2026 Results on Jan 21, 2026 Vardhman Textiles Limited announced that they will report Q3, 2026 results on Jan 21, 2026 Reported Earnings • Oct 24
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: ₹6.57 (down from ₹6.92 in 2Q 2025). Revenue: ₹25.2b (flat on 2Q 2025). Net income: ₹1.87b (down 5.0% from 2Q 2025). Profit margin: 7.4% (down from 7.9% in 2Q 2025). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 8.7%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 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 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annonce • Oct 15
Vardhman Textiles Limited to Report Q2, 2026 Results on Oct 23, 2025 Vardhman Textiles Limited announced that they will report Q2, 2026 results on Oct 23, 2025 Declared Dividend • Sep 04
Dividend increased to ₹5.00 Dividend of ₹5.00 is 25% higher than last year. Ex-date: 12th September 2025 Payment date: 24th October 2025 Dividend yield will be 1.2%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Sep 03
Vardhman Textiles Limited, Annual General Meeting, Sep 24, 2025 Vardhman Textiles Limited, Annual General Meeting, Sep 24, 2025, at 11:15 Indian Standard Time. Reported Earnings • Jul 23
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: ₹7.28 (down from ₹8.38 in 1Q 2025). Revenue: ₹24.6b (up 6.4% from 1Q 2025). Net income: ₹2.07b (down 13% from 1Q 2025). Profit margin: 8.4% (down from 10% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 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 16% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annonce • Jul 16
Vardhman Textiles Limited to Report Q1, 2026 Results on Jul 22, 2025 Vardhman Textiles Limited announced that they will report Q1, 2026 results on Jul 22, 2025 Reported Earnings • May 04
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: ₹31.05 (up from ₹22.20 in FY 2024). Revenue: ₹101.2b (up 6.5% from FY 2024). Net income: ₹8.83b (up 40% from FY 2024). Profit margin: 8.7% (up from 6.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.2% 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 26% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • Apr 17
Vardhman Textiles Limited to Report Q4, 2025 Results on Apr 22, 2025 Vardhman Textiles Limited announced that they will report Q4, 2025 results on Apr 22, 2025 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹476, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 24x in the Luxury industry in India. Total returns to shareholders of 8.6% over the past three years. Annonce • Jan 31
Vardhman Textiles Limited Promotes Tara Chand Gupta as Director (Mp Location), Effective from 15 February, 2025 Vardhman Textiles Limited decided to promote Mr. Tara Chand Gupta, Chief General Manager (Operations) & Unit Head, who is one of the existing Senior Management Personnel of the Company, as Director (MP Location) w.e.f. 15 February, 2025. Annonce • Jan 15
Vardhman Textiles Limited to Report Q3, 2025 Results on Jan 22, 2025 Vardhman Textiles Limited announced that they will report Q3, 2025 results on Jan 22, 2025 Reported Earnings • Nov 03
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ₹6.92 (up from ₹4.72 in 2Q 2024). Revenue: ₹25.0b (up 4.4% from 2Q 2024). Net income: ₹1.97b (up 47% from 2Q 2024). Profit margin: 7.9% (up from 5.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 6.9% 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 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Oct 23
Vardhman Textiles Limited to Report Q2, 2025 Results on Oct 30, 2024 Vardhman Textiles Limited announced that they will report Q2, 2025 results on Oct 30, 2024 Buy Or Sell Opportunity • Oct 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to ₹441. The fair value is estimated to be ₹553, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Declared Dividend • Aug 30
Dividend increased to ₹4.00 Dividend of ₹4.00 is 14% higher than last year. Ex-date: 6th September 2024 Payment date: 10th September 2024 Dividend yield will be 0.8%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (18% 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 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Aug 29
Vardhman Textiles Limited, Annual General Meeting, Sep 19, 2024 Vardhman Textiles Limited, Annual General Meeting, Sep 19, 2024, at 11:30 Indian Standard Time. Price Target Changed • Aug 03
Price target increased by 14% to ₹540 Up from ₹474, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹526. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₹40.65 for next year compared to ₹22.20 last year. Board Change • Aug 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Prem Kumar was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 31
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: ₹8.38 (up from ₹4.80 in 1Q 2024). Revenue: ₹23.1b (flat on 1Q 2024). Net income: ₹2.39b (up 75% from 1Q 2024). Profit margin: 10% (up from 5.9% in 1Q 2024). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 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 28% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Annonce • Jul 30
Vardhman Textiles Limited Appoints Prem Kumar as an Independent Director Vardhman Textiles Limited has appointed Dr. Prem Kumar (DIN: 00051349) as an Independent Director on the Board of the Company for a consecutive term of 5 (five) years w.e.f. 30 July, 2024. Dr. Prem Kumar is a strategist and innovative leader in conceiving, organising and managing enterprises in multiple domains. He combines qualities of vision building, organising, motivating and leading teams. He is well regarded as a thought leader and speaker on formulating and implementing corporate strategies, knowledge and innovation management systems. He is a Master's in Economics from the Panjab University, Chandigarh followed by M. Phil and Ph.D. from Guru Nanak Dev University, Amritsar. Apart from having a rich experience in working with the Industry, Dr. Kumar has been associated closely with policy making process at the State and Central Government level. As a Member of Cll, he was part of the team that assisted the Government of India in policy reforms for the Textile Industry (2000-2004). He has also worked with leading consulting firms on various assignments. He has been a Project Director and Acting Vice-Chancellor of BML Munjal University, Executive Director of Rayat Bahara Group and Vice-Chancellor, Bahra University, Shimla and GNA University, Phagwara. He has served as a faculty at University Business School, Panjab. University, Chandigarh, Punjab School of Management Studies, punjabi university, patiala and Department of Business Management, Guru Nanak Dev University, Amritsar in the area of Strategic Management. Presently, Dr. Kumar is the Executive Director of Munjal BCU Centre of Innovation and Entrepreneurship. Dr. Kumar has attended various faculty development programs/management development programs conducted by the Indian Institute of Management, Ahmedabad, IIM-Calcutta, XLRI and Harvard Business School. He is widely travelled and has made presentations on various aspects of Management including Strategic Management, Knowledge and Innovation Management, Manufacturing Excellence etc. at various National and international Forums. He is the author of many books and research papers. Annonce • Jul 24
Vardhman Textiles Limited to Report Q1, 2025 Results on Jul 30, 2024 Vardhman Textiles Limited announced that they will report Q1, 2025 results at 12:15 PM, Indian Standard Time on Jul 30, 2024 Reported Earnings • May 10
Full year 2024 earnings released: EPS: ₹22.20 (vs ₹27.96 in FY 2023) Full year 2024 results: EPS: ₹22.20 (down from ₹27.96 in FY 2023). Revenue: ₹98.3b (down 3.0% from FY 2023). Net income: ₹6.32b (down 21% from FY 2023). Profit margin: 6.4% (down from 7.8% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% 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 17% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Annonce • May 10
Vardhman Textiles Limited Recommends Dividend Vardhman Textiles Limited has recommended a dividend of INR 4 per share on fully paid up equity shares of the Company. The payment of dividend is subject to approval by the Members of the Company and shall be paid/dispatched tentatively within five days of the conclusion of the Annual General Meeting. Annonce • May 01
Vardhman Textiles Limited to Report Fiscal Year 2024 Results on May 04, 2024 Vardhman Textiles Limited announced that they will report fiscal year 2024 results at 12:15 PM, Indian Standard Time on May 04, 2024 Price Target Changed • Jan 29
Price target increased by 7.3% to ₹414 Up from ₹386, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹402. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₹21.75 for next year compared to ₹27.96 last year. Reported Earnings • Jan 26
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: ₹5.63 (up from ₹3.60 in 3Q 2023). Revenue: ₹24.0b (up 1.4% from 3Q 2023). Net income: ₹1.60b (up 56% from 3Q 2023). Profit margin: 6.7% (up from 4.3% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 9.2%. Revenue is forecast to grow 9.7% 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 3% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Annonce • Jan 17
Vardhman Textiles Limited to Report Q3, 2024 Results on Jan 20, 2024 Vardhman Textiles Limited announced that they will report Q3, 2024 results at 12:15 PM, Indian Standard Time on Jan 20, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: ₹4.72 (down from ₹7.20 in 2Q 2023). Revenue: ₹24.9b (flat on 2Q 2023). Net income: ₹1.34b (down 35% from 2Q 2023). Profit margin: 5.4% (down from 8.3% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 26
Vardhman Textiles Limited to Report Q2, 2024 Results on Oct 31, 2023 Vardhman Textiles Limited announced that they will report Q2, 2024 results on Oct 31, 2023 Buying Opportunity • Oct 23
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 6.1%. The fair value is estimated to be ₹471, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Buying Opportunity • Oct 05
Now 20% undervalued Over the last 90 days, the stock is up 2.3%. The fair value is estimated to be ₹465, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Buying Opportunity • Sep 12
Now 21% undervalued Over the last 90 days, the stock is up 4.6%. The fair value is estimated to be ₹479, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Annonce • Sep 09
Vardhman Textiles Limited, Annual General Meeting, Sep 30, 2023 Vardhman Textiles Limited, Annual General Meeting, Sep 30, 2023, at 10:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2023, together with Report of Board of Directors and Auditors thereon; to re-appoint Mrs. Suchita Jain as a director liable to retire by rotation; to ratify remuneration payable to Cost Auditors for the financial year ending 31 March, 2024; to appoint Mr. Atul Khosla as an Independent Director of the Company; and to discuss other matters. Price Target Changed • Aug 10
Price target increased by 7.9% to ₹403 Up from ₹374, the current price target is an average from 5 analysts. New target price is 17% above last closing price of ₹345. Stock is up 12% over the past year. The company is forecast to post earnings per share of ₹39.00 for next year compared to ₹27.96 last year. Reported Earnings • Aug 05
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: ₹4.80 (down from ₹11.58 in 1Q 2023). Revenue: ₹23.2b (down 18% from 1Q 2023). Net income: ₹1.36b (down 59% from 1Q 2023). Profit margin: 5.9% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 06
Price target increased by 9.8% to ₹397 Up from ₹361, the current price target is an average from 5 analysts. New target price is 10% above last closing price of ₹360. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₹35.95 for next year compared to ₹27.96 last year. Reported Earnings • May 07
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹27.96 (down from ₹54.58 in FY 2022). Revenue: ₹103.3b (up 7.3% from FY 2022). Net income: ₹7.95b (down 49% from FY 2022). Profit margin: 7.7% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 4.8% 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 36% per year and the company’s share price has also increased by 36% per year. Annonce • May 06
Vardhman Textiles Limited Recommends Final Dividend Vardhman Textiles Limited recommended a dividend of INR 3.5 per share on fully paid up equity shares of the Company. The payment of dividend is subject to approval by the Members of the Company and shall be paid/dispatched tentatively within five days of the conclusion of the Annual General Meeting. Reported Earnings • Jan 26
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: ₹3.60 (down from ₹15.12 in 3Q 2022). Revenue: ₹23.7b (down 11% from 3Q 2022). Net income: ₹1.02b (down 76% from 3Q 2022). Profit margin: 4.3% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 61%. Revenue is forecast to grow 8.6% 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 42% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annonce • Jan 20
Vardhman Textiles Limited to Report Q3, 2023 Results on Jan 25, 2023 Vardhman Textiles Limited announced that they will report Q3, 2023 results on Jan 25, 2023 Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: ₹7.20 (vs ₹17.00 in 2Q 2022) Second quarter 2023 results: EPS: ₹7.20 (down from ₹17.00 in 2Q 2022). Revenue: ₹25.0b (up 4.8% from 2Q 2022). Net income: ₹2.05b (down 57% from 2Q 2022). Profit margin: 8.2% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% 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 46% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 31
Price target decreased to ₹368 Down from ₹425, the current price target is an average from 4 analysts. New target price is 11% above last closing price of ₹332. Stock is down 8.7% over the past year. The company is forecast to post earnings per share of ₹44.55 for next year compared to ₹54.58 last year. Reported Earnings • Jul 23
First quarter 2023 earnings released: EPS: ₹11.58 (vs ₹11.12 in 1Q 2022) First quarter 2023 results: EPS: ₹11.58 (up from ₹11.12 in 1Q 2022). Revenue: ₹28.3b (up 47% from 1Q 2022). Net income: ₹3.29b (up 4.6% from 1Q 2022). Profit margin: 12% (down from 16% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.2%, compared to a 23% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₹310, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Luxury industry in India. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹573 per share. Price Target Changed • May 31
Price target decreased to ₹496 Down from ₹581, the current price target is an average from 4 analysts. New target price is 73% above last closing price of ₹287. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₹52.10 for next year compared to ₹54.58 last year. Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹285, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 21x in the Luxury industry in India. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹507 per share. Reported Earnings • May 22
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₹54.58 (up from ₹14.50 in FY 2021). Net income: ₹15.5b (up 277% from FY 2021). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 1.1%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹356, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 26x in the Luxury industry in India. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹326 per share. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹356, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 26x in the Luxury industry in India. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹326 per share. Price Target Changed • Apr 27
Price target increased to ₹581 Up from ₹498, the current price target is an average from 4 analysts. New target price is 34% above last closing price of ₹434. Stock is up 83% over the past year. The company is forecast to post earnings per share of ₹55.01 for next year compared to ₹14.50 last year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Additional Independent Director Udey Paul Gill was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.