Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹6.53, the stock trades at a trailing P/E ratio of 68.5x. Average trailing P/E is 15x in the Construction industry in India. Total loss to shareholders of 19% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.04 (vs ₹0.07 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.04 (down from ₹0.07 in 3Q 2025). Revenue: ₹3.33b (down 11% from 3Q 2025). Net income: ₹54.2m (down 55% from 3Q 2025). Profit margin: 1.6% (down from 3.2% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% 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. New Risk • Nov 21
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹0.09 (vs ₹0.06 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.09 (up from ₹0.06 in 2Q 2025). Revenue: ₹4.29b (up 52% from 2Q 2025). Net income: ₹157.8m (up 64% from 2Q 2025). Profit margin: 3.7% (up from 3.4% in 2Q 2025). 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 14% per year, which means it is well ahead of earnings. New Risk • Sep 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 7.5% 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: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Annuncio • Sep 03
Salasar Techno Engineering Limited, Annual General Meeting, Sep 27, 2025 Salasar Techno Engineering Limited, Annual General Meeting, Sep 27, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.05 (vs ₹0.07 in 1Q 2025) First quarter 2026 results: EPS: ₹0.05 (down from ₹0.07 in 1Q 2025). Revenue: ₹3.02b (up 2.7% from 1Q 2025). Net income: ₹85.1m (down 19% from 1Q 2025). Profit margin: 2.8% (down from 3.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annuncio • Aug 09
Salasar Techno Engineering Limited to Report Q1, 2026 Results on Aug 13, 2025 Salasar Techno Engineering Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹0.11 (vs ₹0.34 in FY 2024) Full year 2025 results: EPS: ₹0.11 (down from ₹0.34 in FY 2024). Revenue: ₹14.5b (up 20% from FY 2024). Net income: ₹191.0m (down 64% from FY 2024). Profit margin: 1.3% (down from 4.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 23
Salasar Techno Engineering Limited to Report Q4, 2025 Results on May 30, 2025 Salasar Techno Engineering Limited announced that they will report Q4, 2025 results on May 30, 2025 New Risk • Mar 24
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 7.3% 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 Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹9.67, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹9.35, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 88% over the past three years. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.07 (vs ₹0.11 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.07 (down from ₹0.11 in 3Q 2024). Revenue: ₹3.76b (up 24% from 3Q 2024). Net income: ₹120.6m (down 28% from 3Q 2024). Profit margin: 3.2% (down from 5.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 08
Salasar Techno Engineering Limited to Report Q3, 2025 Results on Feb 14, 2025 Salasar Techno Engineering Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Recent Insider Transactions • Jan 01
Whole Time Director recently sold ₹2.1m worth of stock On the 24th of December, Tripti Gupta sold around 150k shares on-market at roughly ₹14.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹41m. Insiders have been net sellers, collectively disposing of ₹715m more than they bought in the last 12 months. Reported Earnings • Dec 06
Second quarter 2025 earnings released: EPS: ₹0.06 (vs ₹0.05 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.06 (up from ₹0.05 in 2Q 2024). Revenue: ₹2.81b (up 2.2% from 2Q 2024). Net income: ₹96.0m (up 6.0% from 2Q 2024). Profit margin: 3.4% (up from 3.3% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Nov 26
Chairman & MD recently sold ₹21m worth of stock On the 19th of November, Alok Kumar sold around 1m shares on-market at roughly ₹16.28 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹57m. Alok has been a net seller over the last 12 months, reducing personal holdings by ₹493m. Recent Insider Transactions • Nov 21
Chairman & MD recently sold ₹21m worth of stock On the 14th of November, Alok Kumar sold around 1m shares on-market at roughly ₹16.76 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹57m. Alok has been a net seller over the last 12 months, reducing personal holdings by ₹471m. New Risk • Nov 06
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 Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Significant insider selling over the past 3 months (₹216m sold). Reported Earnings • Oct 23
Second quarter 2025 earnings released: EPS: ₹0.06 (vs ₹0.058 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.06 (up from ₹0.058 in 2Q 2024). Revenue: ₹2.83b (up 2.9% from 2Q 2024). Net income: ₹96.0m (up 6.0% from 2Q 2024). Profit margin: 3.4% (up from 3.3% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 18
Salasar Techno Engineering Limited to Report Q2, 2025 Results on Oct 22, 2024 Salasar Techno Engineering Limited announced that they will report Q2, 2025 results on Oct 22, 2024 Recent Insider Transactions • Oct 03
Chairman & MD recently sold ₹32m worth of stock On the 24th of September, Alok Kumar sold around 2m shares on-market at roughly ₹20.70 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹57m. Alok has been a net seller over the last 12 months, reducing personal holdings by ₹451m. Recent Insider Transactions • Sep 14
Whole Time Director recently sold ₹22m worth of stock On the 11th of September, Tripti Gupta sold around 1m shares on-market at roughly ₹22.15 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹148m. Insiders have been net sellers, collectively disposing of ₹319m more than they bought in the last 12 months. Annuncio • Sep 12
Salasar Techno Engineering Limited, Annual General Meeting, Sep 30, 2024 Salasar Techno Engineering Limited, Annual General Meeting, Sep 30, 2024, at 11:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹20.93, the stock trades at a trailing P/E ratio of 67.8x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 257% over the past three years. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Garima Dhamija was the last 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹19.17, the stock trades at a trailing P/E ratio of 62.1x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 256% over the past three years. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.07 (vs ₹0.064 in 1Q 2024) First quarter 2025 results: EPS: ₹0.07 (up from ₹0.064 in 1Q 2024). Revenue: ₹2.95b (up 13% from 1Q 2024). Net income: ₹104.9m (up 3.5% from 1Q 2024). Profit margin: 3.6% (down from 3.9% in 1Q 2024). The decrease in margin was driven by higher 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 40% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 07
Salasar Techno Engineering Limited to Report Q1, 2025 Results on Aug 14, 2024 Salasar Techno Engineering Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Recent Insider Transactions • Jun 28
Chairman & MD recently sold ₹42m worth of stock On the 24th of June, Alok Kumar sold around 2m shares on-market at roughly ₹19.67 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹102m. Alok has been a net seller over the last 12 months, reducing personal holdings by ₹144m. Recent Insider Transactions • Jun 21
Chairman & MD recently sold ₹102m worth of stock On the 14th of June, Alok Kumar sold around 5m shares on-market at roughly ₹19.94 per share. This transaction amounted to 3.0% 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 Alok's only on-market trade for the last 12 months. Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: ₹0.34 (vs ₹0.27 in FY 2023) Full year 2024 results: EPS: ₹0.34 (up from ₹0.27 in FY 2023). Revenue: ₹12.1b (up 20% from FY 2023). Net income: ₹529.3m (up 32% from FY 2023). Profit margin: 4.4% (up from 4.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 25
Salasar Techno Engineering Limited to Report Q4, 2024 Results on May 30, 2024 Salasar Techno Engineering Limited announced that they will report Q4, 2024 results on May 30, 2024 New Risk • May 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Annuncio • May 02
Salasar Techno Engineering Limited announced that it has received funding from Mariko Consultants Private Limited On April 30, 2024, Salasar Techno Engineering Limited, closed the transaction. The company issued 115,743,890 equity shares and 86,180,000 fully convertible warrants in the transaction. The transaction included participation from North Star Opportunities Fund for 51,375,000 common shares, Intuitive Alpha Investment Fund for 7,500,000 common shares, Prajal Bhandari for 5,000,000 common shares, Mariko Consultants Private Limited for 5,000,000 shares, Pankaj Kumar Gupta for 3,408,890 shares and other investors. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹23.80, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 27x in the Construction industry in India. Total returns to shareholders of 563% over the past three years. Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹0.11 (vs ₹0.072 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.11 (up from ₹0.072 in 3Q 2023). Revenue: ₹3.04b (up 26% from 3Q 2023). Net income: ₹167.6m (up 56% from 3Q 2023). Profit margin: 5.5% (up from 4.5% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 111% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 28
Salasar Techno Engineering Limited to Report Q3, 2024 Results on Feb 03, 2024 Salasar Techno Engineering Limited announced that they will report Q3, 2024 results on Feb 03, 2024 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹94.70, the stock trades at a trailing P/E ratio of 67x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 583% over the past three years. New Risk • Jan 19
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 7.5% 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 Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹59.65, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 24x in the Construction industry in India. Total returns to shareholders of 427% over the past three years. Reported Earnings • Nov 13
Second quarter 2024 earnings released: EPS: ₹0.29 (vs ₹0.26 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.29 (up from ₹0.26 in 2Q 2023). Revenue: ₹2.75b (up 6.4% from 2Q 2023). Net income: ₹90.6m (up 22% from 2Q 2023). Profit margin: 3.3% (up from 2.9% in 2Q 2023). The increase in margin was driven by higher revenue. 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 58% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 08
Salasar Techno Engineering Limited Appoints Mohit Kumar Goel as Company Secretary and Compliance Officer Salasar Techno Engineering Limited informed that the Board of Directors of the Company at its meeting appointed Mr. Mohit Kumar Goel as theCompany Secretary and Compliance Officer (Key Managerial Personnel) of the Company w.e.f. 07th November, 2023. Mr. Mohit Kumar Goel, a Qualified Company Secretary & Law Graduate, having more than 7 years of experience in managing secretarial and legal functions, ensuring compliance with corporate laws and regulations. Annuncio • Nov 01
Salasar Techno Engineering Limited to Report Q2, 2024 Results on Nov 07, 2023 Salasar Techno Engineering Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Annuncio • Sep 26
Salasar Techno Engineering Limited Approves Dividend for the Financial Year Ended March 31, 2023 Salasar Techno Engineering Limited announced at the AGM held on September 23, 2023, approved to declare a dividend on Equity Shares at the rate of 10% i.e. 0.10 per Equity Share of face value of INR 1/- each for the Financial Year ended March 31, 2023. Annuncio • Sep 25
Salasar Techno Engineering Limited Announces the Resignation of Jitendra Kumar Sharma as Company Secretary and Compliance Officer Salasar Techno Engineering Limited announced that Mr. Jitendra Kumar Sharma has tendered his resignation from the post of Company Secretary & Compliance Officer of the company, effective September 24, 2023 due to some personal reasons. The Company has accepted his resignation. His successor shall be appointed shortly and the same shall be intimated to the Stock Exchanges. Upcoming Dividend • Sep 08
Upcoming dividend of ₹0.10 per share at 0.2% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 23 October 2023. Payout ratio is a comfortable 7.5% 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 (0.8%). Annuncio • Aug 13
Salasar Techno Engineering Limited, Annual General Meeting, Sep 23, 2023 Salasar Techno Engineering Limited, Annual General Meeting, Sep 23, 2023, at 11:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.32 (vs ₹0.26 in 1Q 2023) First quarter 2024 results: EPS: ₹0.32 (up from ₹0.26 in 1Q 2023). Revenue: ₹2.62b (up 25% from 1Q 2023). Net income: ₹101.4m (up 38% from 1Q 2023). Profit margin: 3.9% (up from 3.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 06
Salasar Techno Engineering Limited to Report Q1, 2024 Results on Aug 12, 2023 Salasar Techno Engineering Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Annuncio • May 28
Salasar Techno Engineering Limited Recommends Final Dividend Salasar Techno Engineering Limited at its board meeting held on May 27, 2023, recommended final dividend at the rate of INR 0.10 per share (10% of the face value of INR 10 each). Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.36 (vs ₹0.24 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.36 (up from ₹0.24 in 3Q 2022). Revenue: ₹2.41b (up 39% from 3Q 2022). Net income: ₹107.3m (up 54% from 3Q 2022). Profit margin: 4.5% (up from 4.0% in 3Q 2022). The increase in margin was driven by higher revenue. 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 92% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 12
Salasar Techno Engineering Limited Appoints Jitendra Kumar Sharma as Company Secretary and Compliance Officer The board of directors of Salasar Techno Engineering Limited at its meeting held on February 11, 2023, considered and approved the appointment of Mr. Jitendra Kumar Sharma as company secretary and compliance officer with effect from February 11, 2023. Mr. Jitendra Kumar Sharma is a post graduate in commerce (M. com) from university of Rajasthan. He is associate member of the institute of company secretary of India, holding membership member A65048. He has a rich experience in the field of corporate governance, compliance, regulatory and corporate secretarial. Annuncio • Feb 05
Salasar Techno Engineering Limited to Report Q3, 2023 Results on Feb 11, 2023 Salasar Techno Engineering Limited announced that they will report Q3, 2023 results on Feb 11, 2023 Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 17% share price gain to ₹51.70, the stock trades at a trailing P/E ratio of 56.4x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 801% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 16% share price gain to ₹50.20, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 874% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 21% share price gain to ₹38.85, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 600% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Garima Dhamija was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: ₹0.26 (vs ₹0.35 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.26 (down from ₹0.35 in 2Q 2022). Revenue: ₹2.59b (up 29% from 2Q 2022). Net income: ₹74.4m (down 26% from 2Q 2022). Profit margin: 2.9% (down from 5.0% 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 8% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Garima Dhamija was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 08
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 24 October 2022. Payout ratio is a comfortable 9.1% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to ₹32.90, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 398% over the past three years. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹0.23 (vs ₹0.25 in 1Q 2022) First quarter 2023 results: EPS: ₹0.23. Revenue: ₹2.11b (up 59% from 1Q 2022). Net income: ₹73.3m (up 1.1% from 1Q 2022). Profit margin: 3.5% (down from 5.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 15% share price gain to ₹28.75, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 356% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 28% share price gain to ₹30.55, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 260% over the past three years.