Board Change • May 02
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. 5 experienced directors. 1 highly experienced director. MD, CFO & Executive Director Archana Shroff was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings have declined by 9.9% 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹18m free cash flow). Negative equity (-₹1.9b). Earnings have declined by 9.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹224.3m market cap, or US$2.48m). Annonce • Nov 03
BIL Vyapar Limited to Report Q2, 2026 Results on Nov 12, 2025 BIL Vyapar Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 12, 2025 Annonce • Aug 25
BIL Vyapar Limited, Annual General Meeting, Sep 16, 2025 BIL Vyapar Limited, Annual General Meeting, Sep 16, 2025, at 11:30 Indian Standard Time. Annonce • Aug 02
BIL Vyapar Limited to Report Q1, 2026 Results on Aug 08, 2025 BIL Vyapar Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹14.23, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 43x in the Basic Materials industry in India. Total loss to shareholders of 6.1% over the past year. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹14.17, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 33x in the Basic Materials industry in India. Total loss to shareholders of 5.8% over the past year. Annonce • May 10
Binani Industries Limited to Report Q4, 2025 Results on May 19, 2025 Binani Industries Limited announced that they will report Q4, 2025 results on May 19, 2025 Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹23.11, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 32x in the Basic Materials industry in India. Total returns to shareholders of 52% over the past year. New Risk • Apr 08
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 10% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Negative equity (-₹1.9b). Revenue is less than US$1m. Market cap is less than US$10m (₹385.8m market cap, or US$4.47m). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹10.90, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 31x in the Basic Materials industry in India. Total loss to shareholders of 33% over the past year. Annonce • Jan 31
Binani Industries Limited to Report Q3, 2025 Results on Feb 11, 2025 Binani Industries Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹14.35, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 37x in the Basic Materials industry in India. Total loss to shareholders of 23% over the past year. Annonce • Oct 31
Binani Industries Limited to Report Q2, 2025 Results on Nov 08, 2024 Binani Industries Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹17.30, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 32x in the Basic Materials industry in India. Total returns to shareholders of 5.5% over the past year. Annonce • Aug 03
Binani Industries Limited to Report Q1, 2025 Results on Aug 13, 2024 Binani Industries Limited announced that they will report Q1, 2025 results on Aug 13, 2024 New Risk • Jun 02
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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹63m free cash flow). Negative equity (-₹1.9b). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (₹2.8m revenue, or US$34k). Market cap is less than US$10m (₹538.3m market cap, or US$6.45m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Annonce • May 18
Binani Industries Limited to Report Q4, 2024 Results on May 27, 2024 Binani Industries Limited announced that they will report Q4, 2024 results on May 27, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: ₹1.35 loss per share (vs ₹0.51 loss in 3Q 2023) Third quarter 2024 results: ₹1.35 loss per share (further deteriorated from ₹0.51 loss in 3Q 2023). Net loss: ₹42.2m (loss widened 162% from 3Q 2023). Annonce • Feb 09
Binani Industries Limited Approves Appointment of Archana Manoj Shroff as Chief Financial Officer Binani Industries Limited announced that at its board meeting held on 9 February 2024, approved the appointment of Mrs. Archana Manoj Shroff as chief financial officer of the company with effect from 9 February 2023. Date of Birth: 7 January 1971; Qualifications: B. Com; Occupation: Service; Brief Profile: Having more than 5 years' Experience in activities on non-banking financial company; Having more than 15 years' experience in Investment and capital market related activities. Reported Earnings • Nov 08
First half 2024 earnings released: ₹0.36 loss per share (vs ₹1.57 loss in 1H 2023) First half 2024 results: ₹0.36 loss per share (improved from ₹1.57 loss in 1H 2023). Net loss: ₹11.4m (loss narrowed 68% from 1H 2023). Annonce • Oct 28
Binani Industries Limited to Report Q2, 2024 Results on Nov 07, 2023 Binani Industries Limited announced that they will report Q2, 2024 results on Nov 07, 2023 New Risk • Sep 12
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹1.9b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹1.9b). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (₹12m revenue, or US$140k). Market cap is less than US$10m (₹467.7m market cap, or US$5.64m). Reported Earnings • Aug 05
First quarter 2024 earnings released: ₹0.18 loss per share (vs ₹0.57 loss in 1Q 2023) First quarter 2024 results: ₹0.18 loss per share (improved from ₹0.57 loss in 1Q 2023). Net loss: ₹5.60m (loss narrowed 69% from 1Q 2023). Annonce • Aug 05
Binani Industries Limited, Annual General Meeting, Sep 26, 2023 Binani Industries Limited, Annual General Meeting, Sep 26, 2023, at 11:00 Indian Standard Time. Board Change • Jul 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Woman Director Pankti Yogesh Poojari was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Jul 24
Binani Industries Limited to Report Q1, 2024 Results on Aug 04, 2023 Binani Industries Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Annonce • Jul 22
Binani Industries Limited Announces Management Appointments Binani Industries Limited approved the appointment of Mrs. Pankti Yogesh Patel Poojari as an Independent Woman Director on the Board of the Company for a term of 5 (five) years commencing from April 28,2023; Mr. Milin Jagdish Ramani as an Independent Director on the Board of the Company for a term of 5 (five) years commencing from April 28, 2023 and Mr. Ashish Turakhia as the Manager of the Company, for a term of 3 (three) years with effect from April 28, 2023. Members of the company through special resolution passed by way of postal ballot on July 18, 2023. Mrs. Poojari is a B.Sc by qualification. She has rich experience in the field of merger & Acquisitions, Inbound and Outbound Transaction Valuation, NBFC Compliances, Income Tax and GST Compliance, Reporting to RBI, etc. Mr. Ramani is an associate member of the institute of company secretaries of India (ICSI) and is a commerce graduate from Mumbai University. He has consistent distinction throughout the academics with good practical knowledge and has sound experience in the field of secretarial, compliance and other regulatory compliances of various statutory body. Mr. Turakhia is CFO and company secretary of the company. He is fellow member of the ICAI and also of the ICSI. He is also a Law Graduate from the University of Bombay. He has more than three decades of experience in Finance, company secretarial, compliance, corporate affairs, corporate governance, & listing. He is also a Non Executive Director in Reliance Home Finance Limited. Reported Earnings • May 30
Full year 2023 earnings released: ₹48.05 loss per share (vs ₹56.88 profit in FY 2022) Full year 2023 results: ₹48.05 loss per share (down from ₹56.88 profit in FY 2022). Revenue: ₹23.6m (up 87% from FY 2022). Net loss: ₹1.51b (down 185% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 27
Now 24% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹42.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 114% over the last 3 years. Earnings per share has grown by 55%. 