Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹166, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 20x in the IT industry in India. Total returns to shareholders of 72% 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 9.0% 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: Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₹2.85b market cap, or US$30.6m). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹3.06 (vs ₹3.57 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.06 (down from ₹3.57 in 3Q 2025). Revenue: ₹387.0m (up 7.5% from 3Q 2025). Net income: ₹61.8m (down 14% from 3Q 2025). Profit margin: 16% (down from 20% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annonce • Jan 28
All E Technologies Limited to Report Q3, 2026 Results on Feb 13, 2026 All E Technologies Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹3.65 (vs ₹3.31 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.65 (up from ₹3.31 in 2Q 2025). Revenue: ₹371.3m (up 3.4% from 2Q 2025). Net income: ₹73.8m (up 10% from 2Q 2025). Profit margin: 20% (up from 19% in 2Q 2025). The increase in margin was driven by higher revenue. Annonce • Nov 04
All E Technologies Limited to Report First Half, 2026 Results on Nov 07, 2025 All E Technologies Limited announced that they will report first half, 2026 results on Nov 07, 2025 Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 26 October 2025. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (3.1%). Annonce • Sep 01
All E Technologies Limited, Annual General Meeting, Sep 26, 2025 All E Technologies Limited, Annual General Meeting, Sep 26, 2025, at 15:00 Indian Standard Time. Declared Dividend • Sep 01
Dividend of ₹1.50 announced Shareholders will receive a dividend of ₹1.50. Ex-date: 19th September 2025 Payment date: 26th October 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. Earnings per share has grown by 70% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: ₹3.13 (vs ₹3.06 in 1Q 2025) First quarter 2026 results: EPS: ₹3.13 (up from ₹3.06 in 1Q 2025). Revenue: ₹340.7m (up 2.8% from 1Q 2025). Net income: ₹63.2m (up 2.3% from 1Q 2025). Profit margin: 19% (in line with 1Q 2025). New Risk • Aug 05
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 8.2% 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 (8.2% average weekly change). High level of non-cash earnings (259% accrual ratio). Minor Risk Market cap is less than US$100m (₹6.34b market cap, or US$72.2m). Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹14.93 (vs ₹9.75 in FY 2024) Full year 2025 results: EPS: ₹14.93 (up from ₹9.75 in FY 2024). Revenue: ₹1.49b (up 28% from FY 2024). Net income: ₹301.5m (up 53% from FY 2024). Profit margin: 20% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹351, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 39% over the past year. New Risk • Apr 08
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 8.7% 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: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹7.19b market cap, or US$83.4m). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 12% After last week's 12% share price decline to ₹367, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 31% over the past year. Recent Insider Transactions • Mar 03
MD & Director recently bought ₹294k worth of stock On the 28th of February, Ajay Mian bought around 800 shares on-market at roughly ₹368 per share. This transaction amounted to less than 1% 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 Ajay's only on-market trade for the last 12 months. Board Change • Feb 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Non-Executive Independent Director Vinod Sood 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. Annonce • Jan 19
All E Technologies Limited to Report Q3, 2025 Results on Jan 29, 2025 All E Technologies Limited announced that they will report Q3, 2025 results at 4:00 PM, Indian Standard Time on Jan 29, 2025 Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹561, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 37x in the IT industry in India. Total returns to shareholders of 116% over the past year. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹535, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 37x in the IT industry in India. Total returns to shareholders of 109% over the past year. Reported Earnings • Oct 25
Second quarter 2025 earnings released: EPS: ₹3.31 (vs ₹2.37 in 2Q 2024) Second quarter 2025 results: EPS: ₹3.31 (up from ₹2.37 in 2Q 2024). Revenue: ₹380.3m (up 32% from 2Q 2024). Net income: ₹66.8m (up 39% from 2Q 2024). Profit margin: 18% (in line with 2Q 2024). New Risk • Oct 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.02b (US$95.5m) 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 Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (₹8.02b market cap, or US$95.5m). Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 21 October 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (1.7%). Declared Dividend • Aug 31
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 20th September 2024 Payment date: 21st October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (14% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 50% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Aug 30
All E Technologies Limited, Annual General Meeting, Sep 27, 2024 All E Technologies Limited, Annual General Meeting, Sep 27, 2024, at 16:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹431, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 38x in the IT industry in India. Total returns to shareholders of 265% over the past year. Annonce • Jul 30
All E Technologies Limited Announces Resignation of Akash Chaudhry as Company Secretary All E Technologies Limited announced that Mr. Akash Chaudhry has tendered his resignation, dated July 20, 2024, from the post of Company Secretary & Compliance Officer of the Company with effect from close of business hours of July 29, 2024. Reason: to pursue higher education. New Risk • Jul 29
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 High level of non-cash earnings (96% accrual ratio). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (₹7.97b market cap, or US$95.2m). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹345, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 40x in the IT industry in India. Total returns to shareholders of 207% over the past year. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹284, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 173% over the past year. Reported Earnings • May 21
Full year 2024 earnings released: EPS: ₹9.75 (vs ₹6.95 in FY 2023) Full year 2024 results: EPS: ₹9.75 (up from ₹6.95 in FY 2023). Revenue: ₹1.24b (up 41% from FY 2023). Net income: ₹196.9m (up 70% from FY 2023). Profit margin: 16% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹271, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 34x in the IT industry in India. Total returns to shareholders of 183% over the past year. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹233, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 35x in the IT industry in India. Total returns to shareholders of 134% over the past year. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: ₹2.64 (vs ₹2.03 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.64 (up from ₹2.03 in 3Q 2023). Revenue: ₹318.1m (up 43% from 3Q 2023). Net income: ₹53.4m (up 69% from 3Q 2023). Profit margin: 17% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • Nov 06
Second quarter 2024 earnings released: EPS: ₹2.37 (vs ₹2.03 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.37 (up from ₹2.03 in 2Q 2023). Revenue: ₹307.3m (up 38% from 2Q 2023). Net income: ₹47.9m (up 52% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹208, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 40x in the IT industry in India. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹171, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 37x in the IT industry in India. Recent Insider Transactions • Oct 02
MD & Director recently bought ₹1.4m worth of stock On the 26th of September, Ajay Mian bought around 11k shares on-market at roughly ₹128 per share. This transaction amounted to less than 1% 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 Ajay's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹148, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 37x in the IT industry in India. Annonce • Sep 02
All E Technologies Limited, Annual General Meeting, Sep 27, 2023 All E Technologies Limited, Annual General Meeting, Sep 27, 2023, at 14:00 Indian Standard Time. Agenda: To consider the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023 together with the Reports of the Board of Directors and Auditors thereon; to consider the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the Auditor Report thereon; to consider declaration of Dividend; and to consider any other matter thereof. New Risk • Aug 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (₹2.48b market cap, or US$30.0m). Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: ₹2.00 (vs ₹1.38 in 1Q 2023) First quarter 2024 results: EPS: ₹2.00 (up from ₹1.38 in 1Q 2023). Revenue: ₹287.4m (up 58% from 1Q 2023). Net income: ₹40.6m (up 99% from 1Q 2023). Profit margin: 14% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹121, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 33x in the IT industry in India. New Risk • Jun 08
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 0.9% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (₹2.25b market cap, or US$27.3m). Annonce • May 22
All E Technologies Limited to Report Q4, 2023 Results on May 20, 2023 All E Technologies Limited announced that they will report Q4, 2023 results on May 20, 2023 Reported Earnings • May 22
Full year 2023 earnings released: EPS: ₹7.24 (vs ₹6.30 in FY 2022) Full year 2023 results: EPS: ₹7.24 (up from ₹6.30 in FY 2022). Revenue: ₹915.0m (up 31% from FY 2022). Net income: ₹114.3m (up 22% from FY 2022). Profit margin: 13% (in line with FY 2022). Buying Opportunity • Feb 16
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹141, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 53%. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹117, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 28x in the Software industry in India. Board Change • Dec 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Non-Executive Independent Director Vinod Sood 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.