Price Target Changed • May 29
Price target increased by 12% to ₹1,360 Up from ₹1,214, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹1,402. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₹25.57 for next year compared to ₹20.32 last year. Reported Earnings • May 27
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: ₹20.32 (up from ₹16.17 in FY 2025). Revenue: ₹11.8b (up 12% from FY 2025). Net income: ₹1.93b (up 26% from FY 2025). Profit margin: 16% (up from 15% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 33% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 18
Astra Microwave Products Limited to Report Q4, 2026 Results on May 26, 2026 Astra Microwave Products Limited announced that they will report Q4, 2026 results on May 26, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹997, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 35x in the Communications industry in Asia. Total returns to shareholders of 303% over the past three years. Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹4.93 (vs ₹5.00 in 3Q 2025) Third quarter 2026 results: EPS: ₹4.93 (down from ₹5.00 in 3Q 2025). Revenue: ₹2.63b (up 1.9% from 3Q 2025). Net income: ₹468.1m (down 1.3% from 3Q 2025). Profit margin: 18% (in line with 3Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Communications industry in Asia. 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 48% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 04
Astra Microwave Products Limited to Report Q3, 2026 Results on Feb 12, 2026 Astra Microwave Products Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹2.52 (vs ₹2.67 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.52 (down from ₹2.67 in 2Q 2025). Revenue: ₹2.20b (down 4.0% from 2Q 2025). Net income: ₹239.0m (down 5.9% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Nov 03
Astra Microwave Products Limited to Report Q2, 2026 Results on Nov 13, 2025 Astra Microwave Products Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,162, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 32x in the Communications industry in Asia. Total returns to shareholders of 289% over the past three years. Price Target Changed • Oct 03
Price target increased by 11% to ₹1,147 Up from ₹1,031, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹1,113. Stock is up 32% over the past year. The company is forecast to post earnings per share of ₹19.00 for next year compared to ₹16.17 last year. Upcoming Dividend • Sep 03
Upcoming dividend of ₹2.20 per share Eligible shareholders must have bought the stock before 10 September 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.4%). Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹1.71 (vs ₹0.76 in 1Q 2025) First quarter 2026 results: EPS: ₹1.71 (up from ₹0.76 in 1Q 2025). Revenue: ₹2.02b (up 30% from 1Q 2025). Net income: ₹162.7m (up 126% from 1Q 2025). Profit margin: 8.0% (up from 4.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in Asia. 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 52% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 13
Astra Microwave Products Limited, Annual General Meeting, Sep 17, 2025 Astra Microwave Products Limited, Annual General Meeting, Sep 17, 2025, at 15:00 Indian Standard Time. Annonce • Jul 02
Astra Microwave Products Limited announced that it has received INR 434.99916 million in funding from Ratnabali Equity Private Limited and other investors. On June 30 2025, Astra Microwave Products Limited closed the transaction. The transaction involves participation of Renuka Chitrakar for INR 9,999,936, Gopikishan Shivkishan Damani for INR 124,999,848, Atim Kabra for INR 124,999,848 and other investors. The transaction is approved by board of directors. The warrant is exercisable to share at INR 648 and tenure shall not exceed 18 months from the date of allotment.. Board Change • Jun 20
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. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Founder & Additional Non Executive Non Independent Director Prakash Chitrakar was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • May 30
Price target increased by 11% to ₹1,016 Up from ₹913, the current price target is an average from 4 analysts. New target price is 7.3% below last closing price of ₹1,095. Stock is up 27% over the past year. The company is forecast to post earnings per share of ₹19.53 for next year compared to ₹16.17 last year. Annonce • May 23
Astra Microwave Products Limited Approves Dividend The Board of Astra Microwave Products Limited has approved dividend distribution of INR 2.20 per share (110 % of the face value). Reported Earnings • May 23
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹16.17 (up from ₹12.86 in FY 2024). Revenue: ₹10.7b (up 18% from FY 2024). Net income: ₹1.54b (up 27% from FY 2024). Profit margin: 14% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 3.5%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 22
Astra Microwave Products Limited announced that it expects to receive INR 434.99916 million in funding from Ratnabali Equity Private Limited and other investors Astra Microwave Products Limited announced a private placement to issue 2,013,885 warrants at an issue price of INR 216 per warrant for gross proceeds of INR 434,999,160 on May 20, 2025. The transaction will include participation from new and returning investors Renuka Chitrakar 46,296 warrants, Gopikishan Shivkishan Damani 578,703 warrants, Suresh Kumar Somani 289,351 warrants, Kalpesh Suresh Somani Family Benefit Trust 231,481 warrants, Atim Kabra 578,703 warrants and Ratnabali Equity Private Limited 289,351 warrants. The transaction has been approved by shareholders and is subject to First Extraordinary General Meeting to be held on June 13, 2025. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,002, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 29x in the Communications industry in Asia. Total returns to shareholders of 344% over the past three years. Annonce • May 14
Astra Microwave Products Limited to Report Q4, 2025 Results on May 22, 2025 Astra Microwave Products Limited announced that they will report Q4, 2025 results on May 22, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹717, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 30x in the Communications industry in Asia. Total returns to shareholders of 239% over the past three years. Reported Earnings • Feb 09
Third quarter 2025 earnings released: EPS: ₹5.00 (vs ₹4.57 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.00 (up from ₹4.57 in 3Q 2024). Revenue: ₹2.61b (up 13% from 3Q 2024). Net income: ₹474.3m (up 9.3% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 07
Astra Microwave Products Limited Announces CFO Changes Astra Microwave Products Limited announced that based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors of the Company, at its Meeting held on February 7th, 2025 has: Taken on record the retirement of Mr. Mallampati Benarji, Chief Financial Officer and Key Managerial Personnel of the Company with effect from the Close of business hours on April 9th, 2025, upon his attaining the age of superannuation; and Approved the appointment of Mr. Rahul Rungta, Chartered Accountant, as the New Chief Financial Officer and Key Managerial Personnel of the Company with effect from the start of business hours on 10th April, 2025. Mr. Rahul Rungta is a Chartered Accountant with over 14 years of experience in finance and accounts operations. He has previously held senior positions at reputed companies. Annonce • Jan 31
Astra Microwave Products Limited to Report Q3, 2025 Results on Feb 07, 2025 Astra Microwave Products Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹2.67 (vs ₹3.16 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.67 (down from ₹3.16 in 2Q 2024). Revenue: ₹2.32b (up 22% from 2Q 2024). Net income: ₹253.9m (down 15% from 2Q 2024). Profit margin: 11% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 39% per year. Annonce • Nov 05
Astra Microwave Products Limited to Report Q2, 2025 Results on Nov 12, 2024 Astra Microwave Products Limited announced that they will report Q2, 2025 results on Nov 12, 2024 New Risk • Sep 30
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Aug 16
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 23 August 2024. Payment date: 29 August 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.3%). Reported Earnings • Aug 07
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₹12.86 (up from ₹8.06 in FY 2023). Revenue: ₹9.09b (up 11% from FY 2023). Net income: ₹1.21b (up 73% from FY 2023). Profit margin: 13% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 03
Astra Microwave Products Limited to Report Q1, 2025 Results on Aug 13, 2024 Astra Microwave Products Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Declared Dividend • Jul 19
Dividend increased to ₹2.00 Dividend of ₹2.00 is 25% higher than last year. Ex-date: 23rd August 2024 Payment date: 29th August 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jul 18
Astra Microwave Products Limited, Annual General Meeting, Aug 30, 2024 Astra Microwave Products Limited, Annual General Meeting, Aug 30, 2024, at 15:00 Indian Standard Time. Recent Insider Transactions • Jun 17
Joint MD & Executive Director recently bought ₹2.1m worth of stock On the 13th of June, Maram Reddy bought around 2k shares on-market at roughly ₹935 per share. This transaction amounted to 3.6% 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 Maram's only on-market trade for the last 12 months. 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 8.9% 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 Risk High level of non-cash earnings (39% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹724, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 27x in the Communications industry in Asia. Total returns to shareholders of 352% over the past three years. Price Target Changed • May 28
Price target increased by 23% to ₹787 Up from ₹640, the current price target is an average from 4 analysts. New target price is 9.3% below last closing price of ₹867. Stock is up 155% over the past year. The company is forecast to post earnings per share of ₹15.45 for next year compared to ₹12.86 last year. Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹12.86 (vs ₹8.06 in FY 2023) Full year 2024 results: EPS: ₹12.86 (up from ₹8.06 in FY 2023). Revenue: ₹9.21b (up 13% from FY 2023). Net income: ₹1.21b (up 73% from FY 2023). Profit margin: 13% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 25
Astra Microwave Products Limited Recommends Dividend for the Financial Year 2023-24 Astra Microwave Products Limited announced that at the Board of Directors meeting held on May 24, 2024, recommended Dividend of INR 2.00 (i.e. 100%) per equity share of face value of INR 2 each for the financial year 2023-24, subject To Approve the members at the ensuing Annual General Meeting (AGM). The dividend shall be credited /warrants thereof dispatched within specified timelines from the conclusion of the AGM. The AGM date and record date for the purpose of the payment of dividend will be announced in due course. Annonce • May 19
Astra Microwave Products Limited to Report Q4, 2024 Results on May 24, 2024 Astra Microwave Products Limited announced that they will report Q4, 2024 results on May 24, 2024 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹638, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 24x in the Communications industry in Asia. Total returns to shareholders of 413% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹522, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 22x in the Communications industry in Asia. Total returns to shareholders of 299% over the past three years. Recent Insider Transactions • Feb 22
Insider recently sold ₹6.5m worth of stock On the 16th of February, Pravin Mandrupkar sold around 10k shares on-market at roughly ₹650 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale 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 09
Third quarter 2024 earnings released: EPS: ₹4.57 (vs ₹3.20 in 3Q 2023) Third quarter 2024 results: EPS: ₹4.57 (up from ₹3.20 in 3Q 2023). Revenue: ₹2.35b (up 6.5% from 3Q 2023). Net income: ₹433.8m (up 57% from 3Q 2023). Profit margin: 19% (up from 13% in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: ₹3.16 (vs ₹2.37 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.16 (up from ₹2.37 in 2Q 2023). Revenue: ₹1.94b (up 11% from 2Q 2023). Net income: ₹300.2m (up 46% from 2Q 2023). Profit margin: 16% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 16
Upcoming dividend of ₹1.60 per share at 0.5% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.6%). Annonce • Aug 05
Astra Microwave Products Limited to Report Q1, 2024 Results on Aug 14, 2023 Astra Microwave Products Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Aug 03
Full year 2023 earnings released: EPS: ₹8.06 (vs ₹4.37 in FY 2022) Full year 2023 results: EPS: ₹8.06 (up from ₹4.37 in FY 2022). Revenue: ₹8.16b (up 8.4% from FY 2022). Net income: ₹698.3m (up 84% from FY 2022). Profit margin: 8.6% (up from 5.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 15
Astra Microwave Products Limited, Annual General Meeting, Aug 30, 2023 Astra Microwave Products Limited, Annual General Meeting, Aug 30, 2023, at 15:00 Indian Standard Time. Price Target Changed • May 30
Price target increased by 16% to ₹425 Up from ₹366, the current price target is provided by 1 analyst. New target price is 25% above last closing price of ₹340. Stock is up 56% over the past year. The company posted earnings per share of ₹8.06 last year. Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹8.06 (vs ₹4.37 in FY 2022) Full year 2023 results: EPS: ₹8.06 (up from ₹4.37 in FY 2022). Revenue: ₹8.21b (up 9.1% from FY 2022). Net income: ₹698.3m (up 84% from FY 2022). Profit margin: 8.5% (up from 5.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • May 27
Now 22% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be ₹416, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 22%. Annonce • May 27
Astra Microwave Products Limited Recommends Dividend for the Financial Year 2022-23 Astra Microwave Products Limited Recommended a Dividend of INR 1.60/- (equals to 80%) per equity share of face value of INR 2/- each for the financial year 2022-23, subject To Approve the members at the upcoming Annual General Meeting (AGM). The dividend shall be credited /warrants thereof dispatched within specified timelines from the conclusion of the AGM. The AGM date and record date for the purpose of the payment of dividend will be announced in due course. Annonce • May 19
Astra Microwave Products Limited to Report Q4, 2023 Results on May 26, 2023 Astra Microwave Products Limited announced that they will report Q4, 2023 results on May 26, 2023 Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹308, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 34x in the Communications industry in India. Total returns to shareholders of 387% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹3.20 (vs ₹1.32 in 3Q 2022) Third quarter 2023 results: EPS: ₹3.20 (up from ₹1.32 in 3Q 2022). Revenue: ₹2.20b (up 8.3% from 3Q 2022). Net income: ₹276.8m (up 143% from 3Q 2022). Profit margin: 13% (up from 5.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 31
Astra Microwave Products Limited to Report Q3, 2023 Results on Feb 10, 2023 Astra Microwave Products Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Recent Insider Transactions • Dec 04
Key Executive recently sold ₹3.4m worth of stock On the 30th of November, Chennareddy Prameelamma sold around 11k shares on-market at roughly ₹311 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Chennareddy has been a net seller over the last 12 months, reducing personal holdings by ₹60m. Board Change • Nov 16
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. 4 experienced directors. 2 highly experienced directors. Founder & Additional Non Executive Non Independent Director Prakash Chitrakar was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹2.37 (vs ₹0.39 in 2Q 2022) Second quarter 2023 results: EPS: ₹2.37 (up from ₹0.39 in 2Q 2022). Revenue: ₹1.75b (down 4.2% from 2Q 2022). Net income: ₹205.2m (up ₹171.4m from 2Q 2022). Profit margin: 12% (up from 1.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Aug 30
Key Executive recently sold ₹34m worth of stock On the 26th of August, Chennareddy Prameelamma sold around 100k shares on-market at roughly ₹342 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Chennareddy has been a net seller over the last 12 months, reducing personal holdings by ₹85m. Upcoming Dividend • Aug 04
Upcoming dividend of ₹1.40 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.7%). In line with average of industry peers (0.5%). Board Change • Aug 01
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. 4 experienced directors. 2 highly experienced directors. Founder & Additional Non Executive Non Independent Director Prakash Chitrakar was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.