Reported Earnings • May 27
Full year 2026 earnings released: ₹2.43 loss per share (vs ₹0.33 profit in FY 2025) Full year 2026 results: ₹2.43 loss per share (down from ₹0.33 profit in FY 2025). Revenue: ₹1.05b (up 28% from FY 2025). Net loss: ₹624.2m (down ₹709.5m from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Annonce • May 13
Oswal Greentech Limited to Report Q4, 2026 Results on May 26, 2026 Oswal Greentech Limited announced that they will report Q4, 2026 results on May 26, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹24.29, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 23x in the Real Estate industry in India. Total returns to shareholders of 15% 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 8.8% 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 Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹5.86b market cap, or US$62.8m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.33 (vs ₹0.02 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.33 (up from ₹0.02 in 3Q 2025). Revenue: ₹197.4m (down 13% from 3Q 2025). Net income: ₹85.8m (up ₹80.5m from 3Q 2025). Profit margin: 44% (up from 2.4% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Nov 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.90b (US$99.8m) 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 Risk Earnings have declined by 40% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹8.90b market cap, or US$99.8m). Reported Earnings • Nov 05
Second quarter 2026 earnings released: EPS: ₹0.21 (vs ₹0.16 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.21 (up from ₹0.16 in 2Q 2025). Revenue: ₹238.0m (up 12% from 2Q 2025). Net income: ₹55.0m (up 40% from 2Q 2025). Profit margin: 23% (up from 19% in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Annonce • Oct 31
Oswal Greentech Limited to Report Q2, 2026 Results on Nov 04, 2025 Oswal Greentech Limited announced that they will report Q2, 2026 results on Nov 04, 2025 Annonce • Sep 27
Oswal Greentech Limited Approves Board Appointment Owal Greentech Limited announced that at the 43rd Annual General Meeting held on September 25, 2025, shareholders approved the appointment of Mrs. Kiran Vohra as a Director (Non-executive & Independent), Appointment of Mrs. Isha Deepak Shah as a Director (Non-executive & Independent), Appointment of Mr. Gaurav Chawla as a Director (Non-executive & Independent), Appointment of Mr. Umang Kaushik Shahas a Director (Non-executive & Independent) of the Company. Annonce • Sep 01
Oswal Greentech Limited, Annual General Meeting, Sep 25, 2025 Oswal Greentech Limited, Annual General Meeting, Sep 25, 2025, at 12:30 Indian Standard Time. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹0.26 (vs ₹0.18 in 1Q 2025) First quarter 2026 results: EPS: ₹0.26 (up from ₹0.18 in 1Q 2025). Revenue: ₹276.0m (up 26% from 1Q 2025). Net income: ₹66.6m (up 43% from 1Q 2025). Profit margin: 24% (up from 21% in 1Q 2025). 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 88 percentage points per year, which is a significant difference in performance. Annonce • Jul 28
Oswal Greentech Limited to Report Q1, 2026 Results on Aug 07, 2025 Oswal Greentech Limited announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • Jul 03
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 8.8% 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 Share price has been highly volatile over the past 3 months (8.8% average weekly change). Earnings have declined by 38% per year over the past 5 years. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹0.33 (vs ₹0.25 in FY 2024) Full year 2025 results: EPS: ₹0.33 (up from ₹0.25 in FY 2024). Revenue: ₹927.3m (up 10% from FY 2024). Net income: ₹85.3m (up 34% from FY 2024). Profit margin: 9.2% (up from 7.6% in FY 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 88 percentage points per year, which is a significant difference in performance. Annonce • May 10
Oswal Greentech Limited to Report Q4, 2025 Results on May 21, 2025 Oswal Greentech Limited announced that they will report Q4, 2025 results on May 21, 2025 New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% 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 34% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. New Risk • Mar 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.42b (US$96.5m) 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 Risk Earnings have declined by 34% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹8.42b market cap, or US$96.5m). Annonce • Feb 27
Oswal Greentech Limited Announces Resignation of Ayussh Sanghi as Independent Director Oswal Greentech Limited informed that Mr. Ayussh Sanghi (DIN: 07102280) Independent Director of the Company has vide his resignation letter dated February 24, 2025, resigned from the Board of the Company with immediate effect, on account of personal reasons and other pre-occupations. Mr. Ayussh Sanghi has been associated with the Company since April 25, 2019. Date of cessation February 24, 2025. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹37.02, the stock trades at a trailing P/E ratio of 76.1x. Average trailing P/E is 33x in the Real Estate industry in India. Total returns to shareholders of 85% over the past three years. Reported Earnings • Jan 29
Third quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.11 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.02 (up from ₹0.11 loss in 3Q 2024). Revenue: ₹225.7m (up 45% from 3Q 2024). Net income: ₹5.33m (up ₹32.8m from 3Q 2024). Profit margin: 2.4% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annonce • Jan 22
Oswal Greentech Limited to Report Q3, 2025 Results on Jan 28, 2025 Oswal Greentech Limited announced that they will report Q3, 2025 results on Jan 28, 2025 New Risk • Jan 17
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 7.6% 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 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: ₹0.16 (vs ₹0.13 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.16 (up from ₹0.13 loss in 2Q 2024). Revenue: ₹212.4m (up 8.3% from 2Q 2024). Net income: ₹39.4m (up ₹71.7m from 2Q 2024). Profit margin: 19% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Annonce • Oct 31
Oswal Greentech Limited to Report Q2, 2025 Results on Nov 08, 2024 Oswal Greentech Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Annonce • Aug 09
Oswal Greentech Limited Appoints Shipra Shroff as A Non-Executive Independent Director Oswal Greentech Limited announced the Appointment of Mrs. Shipra Shroff as a Non-executive Independent Director. Annonce • Jul 22
Oswal Greentech Limited to Report Q1, 2025 Results on Jul 31, 2024 Oswal Greentech Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Jul 12
Full year 2024 earnings released: EPS: ₹0.25 (vs ₹1.48 in FY 2023) Full year 2024 results: EPS: ₹0.25 (down from ₹1.48 in FY 2023). Revenue: ₹841.7m (down 7.7% from FY 2023). Net income: ₹63.7m (down 83% from FY 2023). Profit margin: 7.6% (down from 42% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Jul 11
Oswal Greentech Limited, Annual General Meeting, Aug 08, 2024 Oswal Greentech Limited, Annual General Meeting, Aug 08, 2024, at 12:30 Indian Standard Time. New Risk • Jun 04
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 8.1% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 21% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (₹8.00b market cap, or US$95.7m). Reported Earnings • May 21
Full year 2024 earnings released: EPS: ₹0.25 (vs ₹1.48 in FY 2023) Full year 2024 results: EPS: ₹0.25 (down from ₹1.48 in FY 2023). Revenue: ₹911.0m (flat on FY 2023). Net income: ₹63.7m (down 83% from FY 2023). Profit margin: 7.0% (down from 42% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annonce • May 11
Oswal Greentech Limited to Report Q4, 2024 Results on May 20, 2024 Oswal Greentech Limited announced that they will report Q4, 2024 results on May 20, 2024 Annonce • Apr 09
Oswal Greentech Limited Announces Resignation of Shikha Jain as Independent Director Oswal Greentech Limited informed that Mrs. Shikha Jain Independent Director of the Company has vide her resignation letter dated April 8, 2024, resigned from the Board of the Company with immediate effect, on account of personal reasons and other pre-occupations. Mrs. Shikha Jain has been associated with the Company since February 5, 2021. Name of other entities in which resigning director holds directorships including committee memberships; Directorships in other entities: Crest Facility Management Private Limited, Crest Commercial Projects (India) Private Limited, Segue Enterprise Private Limited. New Risk • Mar 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.17b (US$98.7m) 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 (11% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 18% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (₹8.17b market cap, or US$98.7m). New Risk • Feb 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 18% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Feb 13
Third quarter 2024 earnings released: ₹0.11 loss per share (vs ₹0.32 profit in 3Q 2023) Third quarter 2024 results: ₹0.11 loss per share (down from ₹0.32 profit in 3Q 2023). Revenue: ₹155.7m (down 30% from 3Q 2023). Net loss: ₹27.5m (down 133% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. New Risk • Jan 25
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 7.9% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin). Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹37.65, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 131% over the past three years. New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 20% Last year net profit margin: 43% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (20% net profit margin). Market cap is less than US$100m (₹6.63b market cap, or US$79.6m). Annonce • Oct 28
Oswal Greentech Limited to Report Q2, 2024 Results on Nov 06, 2023 Oswal Greentech Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Annonce • Aug 22
Oswal Greentech Limited, Annual General Meeting, Sep 21, 2023 Oswal Greentech Limited, Annual General Meeting, Sep 21, 2023, at 12:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹29.70, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 135% over the past three years. Reported Earnings • Aug 05
First quarter 2024 earnings released: EPS: ₹0.35 (vs ₹0.44 in 1Q 2023) First quarter 2024 results: EPS: ₹0.35 (down from ₹0.44 in 1Q 2023). Revenue: ₹244.2m (down 5.1% from 1Q 2023). Net income: ₹90.1m (down 20% from 1Q 2023). Profit margin: 37% (down from 44% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Annonce • Jul 26
Oswal Greentech Limited to Report Q1, 2024 Results on Aug 04, 2023 Oswal Greentech Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹1.47 (vs ₹1.79 in FY 2022) Full year 2023 results: EPS: ₹1.47 (down from ₹1.79 in FY 2022). Revenue: ₹988.8m (down 2.3% from FY 2022). Net income: ₹378.8m (down 18% from FY 2022). Profit margin: 38% (down from 46% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Annonce • May 13
Oswal Greentech Limited to Report Q4, 2023 Results on May 25, 2023 Oswal Greentech Limited announced that they will report Q4, 2023 results at 12:08 PM, Indian Standard Time on May 25, 2023 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹20.60, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 22x in the Real Estate industry in India. Total returns to shareholders of 108% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.32 (vs ₹0.33 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.32 (down from ₹0.33 in 3Q 2022). Revenue: ₹223.9m (down 32% from 3Q 2022). Net income: ₹83.4m (flat on 3Q 2022). Profit margin: 37% (up from 25% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Annonce • Feb 03
Oswal Greentech Limited to Report Q3, 2023 Results on Feb 10, 2023 Oswal Greentech Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹23.80, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 25x in the Real Estate industry in India. Total returns to shareholders of 177% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.50 (vs ₹0.60 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.50 (down from ₹0.60 in 2Q 2022). Revenue: ₹268.6m (up 4.3% from 2Q 2022). Net income: ₹128.6m (down 17% from 2Q 2022). Profit margin: 48% (down from 60% in 2Q 2022). The decrease in margin was driven by higher expenses. 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 38% per year, which means it is well ahead of earnings. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹0.50 (vs ₹0.60 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.50 (down from ₹0.60 in 2Q 2022). Revenue: ₹268.6m (up 4.3% from 2Q 2022). Net income: ₹128.6m (down 17% from 2Q 2022). Profit margin: 48% (down from 60% in 2Q 2022). The decrease in margin was driven by higher expenses. 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 37% per year, which means it is well ahead of earnings. Buying Opportunity • Oct 10
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹33.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years. Earnings per share has declined by 14%. Buying Opportunity • Sep 23
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be ₹33.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years. Earnings per share has declined by 14%. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₹32.20, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 188% over the past three years. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹0.44 (vs ₹0.37 in 1Q 2022) First quarter 2023 results: EPS: ₹0.44 (up from ₹0.37 in 1Q 2022). Revenue: ₹257.2m (up 12% from 1Q 2022). Net income: ₹112.8m (up 19% from 1Q 2022). Profit margin: 44% (up from 41% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Buying Opportunity • Jul 15
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹33.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 9.1%. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹22.10, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 72% over the past three years. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: ₹1.79 (vs ₹1.95 in FY 2021) Full year 2022 results: EPS: ₹1.79 (down from ₹1.95 in FY 2021). Revenue: ₹1.06b (down 5.7% from FY 2021). Net income: ₹460.5m (down 7.9% from FY 2021). Profit margin: 44% (down from 45% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 22% share price gain to ₹27.25, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 29x in the Real Estate industry in India. Total returns to shareholders of 73% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.33 (up from ₹0.17 in 3Q 2021). Revenue: ₹331.0m (up 13% from 3Q 2021). Net income: ₹83.8m (up 96% from 3Q 2021). Profit margin: 25% (up from 15% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 16% share price gain to ₹25.60, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 24x in the Real Estate industry in India. Total returns to shareholders of 43% over the past three years. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹0.60 (vs ₹0.65 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2022 results: Revenue: ₹257.5m (down 12% from 2Q 2021). Net income: ₹155.2m (down 6.9% from 2Q 2021). Profit margin: 60% (up from 57% in 2Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 17% share price gain to ₹26.75, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 33% over the past three years. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹0.37 (vs ₹0.66 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹228.8m (down 21% from 1Q 2021). Net income: ₹94.6m (down 44% from 1Q 2021). Profit margin: 41% (down from 58% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹23.25, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 18% over the past three years. Executive Departure • Jul 06
Non-Executive Independent Director Krishan Bajaj has left the company On the 25th of June, Krishan Bajaj's tenure as Non-Executive Independent Director ended after 14.1 years in the role. We don't have any record of a personal shareholding under Krishan's name. A total of 4 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 24% share price gain to ₹32.20, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 58% over the past three years. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS ₹1.95 (vs ₹2.78 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹1.15b (flat on FY 2020). Net income: ₹500.2m (down 30% from FY 2020). Profit margin: 44% (down from 62% in FY 2020). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₹28.85, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 16% share price gain to ₹20.55, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 22x in the Real Estate industry in India. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 18% share price gain to ₹18.90, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 19x in the Real Estate industry in India. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 20% share price gain to ₹19.60, the stock is trading at a trailing P/E ratio of 7.5x, up from the previous P/E ratio of 6.3x. This compares to an average P/E of 20x in the Real Estate industry in India. Total return to shareholders over the past three years is a loss of 32%. Executive Departure • Feb 07
Additional Non-Executive Independent Director has left the company On the 5th of February, Pulkit Gupta's tenure as Additional Non-Executive Independent Director ended after less than a year in the role. We don't have any record of a personal shareholding under Pulkit's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS ₹0.17 (vs ₹0.52 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹291.9m (up 2.9% from 3Q 2020). Net income: ₹42.7m (down 68% from 3Q 2020). Profit margin: 15% (down from 47% in 3Q 2020). 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 fallen by 18% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 04
New 90-day high: ₹19.90 The company is up 66% from its price of ₹12.00 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 44% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 20% share price gain to ₹19.90, the stock is trading at a trailing P/E ratio of 6.7x, up from the previous P/E ratio of 5.6x. This compares to an average P/E of 16x in the Real Estate industry in India. Total return to shareholders over the past three years is a loss of 52%. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₹16.60, the stock is trading at a trailing P/E ratio of 5.6x, up from the previous P/E ratio of 4.8x. This compares to an average P/E of 14x in the Real Estate industry in India. Total return to shareholders over the past three years is a loss of 54%. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 31% share price gain to ₹17.15, the stock is trading at a trailing P/E ratio of 5.8x, up from the previous P/E ratio of 4.4x. This compares to an average P/E of 15x in the Real Estate industry in India. Total return to shareholders over the past three years is a loss of 54%. Is New 90 Day High Low • Dec 03
New 90-day high: ₹14.65 The company is up 24% from its price of ₹11.80 on 04 September 2020. The Indian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 23% over the same period. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 18% share price gain to ₹13.30, the stock is trading at a trailing P/E ratio of 4.5x, up from the previous P/E ratio of 3.8x. This compares to an average P/E of 15x in the Real Estate industry in India. Total return to shareholders over the past three years is a loss of 58%. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS ₹0.65 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹292.5m (down 4.0% from 2Q 2020). Net income: ₹166.8m (up 12% from 2Q 2020). Profit margin: 57% (up from 49% in 2Q 2020). The increase in margin was driven by lower expenses.