Declared Dividend • Aug 07
Dividend increased to ₹1.50 Dividend of ₹1.50 is 50% higher than last year. Ex-date: 4th September 2026 Payment date: 25th October 2026 Dividend yield will be 0.6%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Aug 06
Nahar Poly Films Limited, Annual General Meeting, Sep 25, 2026 Nahar Poly Films Limited, Annual General Meeting, Sep 25, 2026, at 11:30 Indian Standard Time. Buy Or Sell Opportunity • Aug 06
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to ₹240. The fair value is estimated to be ₹323, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 66%. Annonce • Jul 27
Nahar Poly Films Limited to Report Q1, 2027 Results on Aug 05, 2026 Nahar Poly Films Limited announced that they will report Q1, 2027 results on Aug 05, 2026 Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹32.06 (vs ₹19.27 in FY 2025) Full year 2026 results: EPS: ₹32.06 (up from ₹19.27 in FY 2025). Revenue: ₹7.28b (up 9.3% from FY 2025). Net income: ₹788.4m (up 66% from FY 2025). Profit margin: 11% (up from 7.1% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • May 21
Nahar Poly Films Limited to Report Q4, 2026 Results on May 28, 2026 Nahar Poly Films Limited announced that they will report Q4, 2026 results on May 28, 2026 New Risk • May 12
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 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹6.11b market cap, or US$63.9m). Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹267, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 13% over the past three years. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹5.93b market cap, or US$63.5m). Reported Earnings • Feb 08
Third quarter 2026 earnings released: EPS: ₹7.85 (vs ₹3.06 in 3Q 2025) Third quarter 2026 results: EPS: ₹7.85 (up from ₹3.06 in 3Q 2025). Revenue: ₹1.79b (up 3.6% from 3Q 2025). Net income: ₹193.3m (up 157% from 3Q 2025). Profit margin: 11% (up from 4.3% in 3Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annonce • Jan 27
Nahar Poly Films Limited to Report Q3, 2026 Results on Feb 07, 2026 Nahar Poly Films Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 07, 2026 Buy Or Sell Opportunity • Nov 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to ₹294. The fair value is estimated to be ₹370, 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. Earnings per share has declined by 40%. Annonce • Nov 04
Nahar Poly Films Limited to Report Q2, 2026 Results on Nov 13, 2025 Nahar Poly Films Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Buy Or Sell Opportunity • Sep 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₹285. The fair value is estimated to be ₹361, 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. Earnings per share has declined by 40%. Upcoming Dividend • Aug 29
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 05 September 2025. Payment date: 25 October 2025. Payout ratio is a comfortable 5.2% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Declared Dividend • Aug 02
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 5th September 2025 Payment date: 25th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 6.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Aug 01
Nahar Poly Films Limited, Annual General Meeting, Sep 25, 2025 Nahar Poly Films Limited, Annual General Meeting, Sep 25, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2026 earnings released: EPS: ₹7.42 (vs ₹3.39 in 1Q 2025) First quarter 2026 results: EPS: ₹7.42 (up from ₹3.39 in 1Q 2025). Revenue: ₹2.00b (up 19% from 1Q 2025). Net income: ₹182.4m (up 119% from 1Q 2025). Profit margin: 9.1% (up from 5.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Jul 23
Nahar Poly Films Limited to Report Q1, 2026 Results on Jul 31, 2025 Nahar Poly Films Limited announced that they will report Q1, 2026 results on Jul 31, 2025 New Risk • Jul 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.50b (US$98.9m) 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹8.50b market cap, or US$98.9m). Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹19.27 (vs ₹2.31 in FY 2024) Full year 2025 results: EPS: ₹19.27 (up from ₹2.31 in FY 2024). Revenue: ₹6.84b (up 14% from FY 2024). Net income: ₹473.8m (up ₹417.0m from FY 2024). Profit margin: 6.9% (up from 0.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • May 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% 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 Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (₹5.43b market cap, or US$63.3m). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹266, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 26x in the Chemicals industry in India. Total loss to shareholders of 31% over the past three years. Annonce • May 16
Nahar Poly Films Limited to Report Q4, 2025 Results on May 28, 2025 Nahar Poly Films Limited announced that they will report Q4, 2025 results on May 28, 2025 Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹211, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 25x in the Chemicals industry in India. Total loss to shareholders of 55% over the past three years. Recent Insider Transactions • Feb 15
Non-Executive Director recently bought ₹5.9m worth of stock On the 12th of February, Dinesh Oswal bought around 28k shares on-market at roughly ₹212 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹8.7m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: ₹3.06 (vs ₹2.12 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹3.06 (up from ₹2.12 loss in 3Q 2024). Revenue: ₹1.77b (up 15% from 3Q 2024). Net income: ₹75.1m (up ₹127.2m from 3Q 2024). Profit margin: 4.2% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Annonce • Jan 23
Nahar Poly Films Limited to Report Q3, 2025 Results on Feb 03, 2025 Nahar Poly Films Limited announced that they will report Q3, 2025 results on Feb 03, 2025 Recent Insider Transactions • Dec 14
Executive Director recently bought ₹1.4m worth of stock On the 11th of December, Satish Sharma bought around 5k shares on-market at roughly ₹294 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹2.8m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹7.07 (vs ₹4.96 in 2Q 2024) Second quarter 2025 results: EPS: ₹7.07 (up from ₹4.96 in 2Q 2024). Revenue: ₹1.74b (up 27% from 2Q 2024). Net income: ₹174.0m (up 43% from 2Q 2024). Profit margin: 10.0% (up from 8.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Annonce • Nov 06
Nahar Poly Films Limited to Report Q2, 2025 Results on Nov 12, 2024 Nahar Poly Films Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Annonce • Sep 26
Nahar Poly Films Limited Appoints Pankaj Goel as an Independent Director Nahar Poly Films Limited at its AGM held on September 25, 2024 appointed Dr. Pankaj Goel as an Independent Director of the Company. Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Director Pankaj Goel 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. Upcoming Dividend • Aug 31
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 05 October 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹278, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 36x in the Chemicals industry in India. Total returns to shareholders of 27% over the past three years. Declared Dividend • Aug 17
Dividend reduced to ₹1.00 Dividend of ₹1.00 is 33% lower than last year. Ex-date: 6th September 2024 Payment date: 12th October 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.0% EPS decline seen over the last 5 years. Annonce • Aug 13
Nahar Poly Films Limited, Annual General Meeting, Sep 25, 2024 Nahar Poly Films Limited, Annual General Meeting, Sep 25, 2024, at 11:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹3.39 (vs ₹0.91 loss in 1Q 2024) First quarter 2025 results: EPS: ₹3.39 (up from ₹0.91 loss in 1Q 2024). Revenue: ₹1.69b (up 8.4% from 1Q 2024). Net income: ₹83.2m (up ₹105.5m from 1Q 2024). Profit margin: 4.9% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. New Risk • Aug 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 9.6% 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 Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₹8.09b market cap, or US$96.4m). Annonce • Jul 31
Nahar Poly Films Limited to Report Q1, 2025 Results on Aug 12, 2024 Nahar Poly Films Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Annonce • Jul 16
Nahar Poly Films Limited Announces Resignation of Rakesh Kumar Jindal as Independent Director Nahar Poly Films Limited announced that Dr. Rakesh Kumar Jindal (DIN: 03602606), has resigned from the post of Independent Director of the Company with effect from July 16, 2024 due to his pre-occupation. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹2.31 (vs ₹17.57 in FY 2023) Full year 2024 results: EPS: ₹2.31 (down from ₹17.57 in FY 2023). Revenue: ₹6.11b (down 16% from FY 2023). Net income: ₹56.8m (down 87% from FY 2023). Profit margin: 0.9% (down from 6.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Recent Insider Transactions • Apr 02
MD & Executive Director recently bought ₹1.5m worth of stock On the 28th of March, Sambhav Oswal bought around 8k shares on-market at roughly ₹183 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 11
Third quarter 2024 earnings released: ₹2.12 loss per share (vs ₹0.59 profit in 3Q 2023) Third quarter 2024 results: ₹2.12 loss per share (down from ₹0.59 profit in 3Q 2023). Revenue: ₹1.60b (flat on 3Q 2023). Net loss: ₹52.0m (down 456% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Annonce • Feb 01
Nahar Poly Films Limited to Report Q3, 2024 Results on Feb 10, 2024 Nahar Poly Films Limited announced that they will report Q3, 2024 results on Feb 10, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹4.96 (vs ₹5.46 in 2Q 2023) Second quarter 2024 results: EPS: ₹4.96 (down from ₹5.46 in 2Q 2023). Revenue: ₹1.40b (down 27% from 2Q 2023). Net income: ₹121.8m (down 9.2% from 2Q 2023). Profit margin: 8.7% (up from 7.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Annonce • Sep 26
Nahar Poly Films Limited Approves Dividend for the Year Ended 31 March 2023 Nahar Poly Films Limited announced that at its AGM held on September 25, 2023, the shareholders approved dividend of INR 1.50 on equity share of INR 5 each for the year ended 31 March 2023. Upcoming Dividend • Sep 01
Upcoming dividend of ₹1.50 per share at 0.6% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 25 October 2023. Payout ratio is a comfortable 8.5% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.8%). Annonce • Aug 10
Nahar Poly Films Limited, Annual General Meeting, Sep 25, 2023 Nahar Poly Films Limited, Annual General Meeting, Sep 25, 2023, at 11:30 Indian Standard Time. Reported Earnings • Aug 10
First quarter 2024 earnings released: ₹0.91 loss per share (vs ₹9.90 profit in 1Q 2023) First quarter 2024 results: ₹0.91 loss per share (down from ₹9.90 profit in 1Q 2023). Revenue: ₹1.58b (down 30% from 1Q 2023). Net loss: ₹22.3m (down 109% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 03
Nahar Poly Films Limited to Report Q1, 2024 Results on Aug 09, 2023 Nahar Poly Films Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹17.57 (vs ₹39.74 in FY 2022) Full year 2023 results: EPS: ₹17.57 (down from ₹39.74 in FY 2022). Revenue: ₹7.28b (up 49% from FY 2022). Net income: ₹432.0m (down 56% from FY 2022). Profit margin: 5.9% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 31
Nahar Poly Films Limited Recommends the Dividend for the Year Ended 31 March, 2023 Nahar Poly Films Limited announced the Outcome of Board Meeting recommended the Dividend @30% i.e. INR 1.5/- per Equity Share of INR 5/- each for the year ended 31 March, 2023. Annonce • May 19
Nahar Poly Films Limited to Report Q4, 2023 Results on May 30, 2023 Nahar Poly Films Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹282, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 835% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹269, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 856% over the past three years. Recent Insider Transactions • Feb 12
Non-Executive Director recently bought ₹2.5m worth of stock On the 9th of February, Dinesh Oswal bought around 11k shares on-market at roughly ₹225 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹3.1m. Insiders have collectively bought ₹6.8m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹0.59 (vs ₹10.00 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.59 (down from ₹10.00 in 3Q 2022). Revenue: ₹1.61b (up 55% from 3Q 2022). Net income: ₹14.6m (down 94% from 3Q 2022). Profit margin: 0.9% (down from 24% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 29
Nahar Poly Films Limited to Report Q3, 2023 Results on Feb 04, 2023 Nahar Poly Films Limited announced that they will report Q3, 2023 results on Feb 04, 2023 Recent Insider Transactions • Nov 29
Non-Executive Director recently bought ₹3.1m worth of stock On the 24th of November, Dinesh Oswal bought around 11k shares on-market at roughly ₹275 per share. This transaction increased Dinesh's direct individual holding by 11x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Roshan Behl was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹5.46 (vs ₹9.44 in 2Q 2022) Second quarter 2023 results: EPS: ₹5.46 (down from ₹9.44 in 2Q 2022). Revenue: ₹1.93b (up 85% from 2Q 2022). Net income: ₹134.2m (down 42% from 2Q 2022). Profit margin: 7.0% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 04
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 10 September 2022. Payout ratio is a comfortable 5.9% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.7%). In line with average of industry peers (0.7%). Board Change • Jul 26
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Additional Non-Executive Independent Director Anchal Jain was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 25
First quarter 2023 earnings released: EPS: ₹9.90 (vs ₹7.20 in 1Q 2022) First quarter 2023 results: EPS: ₹9.90 (up from ₹7.20 in 1Q 2022). Revenue: ₹2.25b (up 114% from 1Q 2022). Net income: ₹243.4m (up 37% from 1Q 2022). Profit margin: 11% (down from 17% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 139% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹326, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 17x in the Chemicals industry in India. Total returns to shareholders of 864% over the past three years. Reported Earnings • May 28
Full year 2022 earnings released: EPS: ₹39.74 (vs ₹25.47 in FY 2021) Full year 2022 results: EPS: ₹39.74 (up from ₹25.47 in FY 2021). Revenue: ₹4.89b (up 61% from FY 2021). Net income: ₹977.1m (up 56% from FY 2021). Profit margin: 20% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₹370, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 1,126% over the past three years. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. 5 independent directors (6 non-independent directors). Non-Executive Independent Director Manisha Gupta was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 21% share price gain to ₹553, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 1,421% over the past three years. Board Change • Mar 07
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. 5 independent directors (6 non-independent directors). Non-Executive Independent Director Manisha Gupta was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹10.00 (up from ₹7.43 in 3Q 2021). Revenue: ₹1.05b (up 31% from 3Q 2021). Net income: ₹245.8m (up 35% from 3Q 2021). Profit margin: 23% (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 53% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 19% share price gain to ₹291, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 690% over the past three years. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS ₹9.44 (vs ₹6.48 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.07b (up 39% from 2Q 2021). Net income: ₹232.1m (up 46% from 2Q 2021). Profit margin: 22% (up from 21% in 2Q 2021). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 09
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 10 October 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.7%).