Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹52.50, the stock trades at a trailing P/E ratio of 66.8x. Average trailing P/E is 18x in the Luxury industry in India. Total loss to shareholders of 2.9% over the past three years. Reported Earnings • May 09
Full year 2026 earnings released: EPS: ₹0.79 (vs ₹5.83 loss in FY 2025) Full year 2026 results: EPS: ₹0.79 (up from ₹5.83 loss in FY 2025). Revenue: ₹10.0b (down 4.1% from FY 2025). Net income: ₹32.6m (up ₹274.6m from FY 2025). Profit margin: 0.3% (up from net loss in FY 2025). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annuncio • May 02
Maral Overseas Limited to Report Q4, 2026 Results on May 07, 2026 Maral Overseas Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 07, 2026 New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% 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 Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹1.85b market cap, or US$20.0m). Buy Or Sell Opportunity • Feb 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.9% to ₹46.62. The fair value is estimated to be ₹59.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.5%. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹1.28 (vs ₹2.54 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹1.28 (up from ₹2.54 loss in 3Q 2025). Revenue: ₹2.47b (down 1.2% from 3Q 2025). Net income: ₹53.0m (up ₹158.6m from 3Q 2025). Profit margin: 2.1% (up from net loss in 3Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annuncio • Jan 30
Maral Overseas Limited to Report Q3, 2026 Results on Feb 05, 2026 Maral Overseas Limited announced that they will report Q3, 2026 results on Feb 05, 2026 New Risk • Jan 16
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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks High level of debt (405% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₹1.83b market cap, or US$20.1m). New Risk • Nov 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 6.9% 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 Earnings have declined by 44% per year over the past 5 years. Minor Risks High level of debt (405% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹1.91b market cap, or US$21.4m). Reported Earnings • Nov 05
Second quarter 2026 earnings released: ₹0.67 loss per share (vs ₹1.68 loss in 2Q 2025) Second quarter 2026 results: ₹0.67 loss per share (improved from ₹1.68 loss in 2Q 2025). Revenue: ₹2.54b (down 6.2% from 2Q 2025). Net loss: ₹27.8m (loss narrowed 60% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annuncio • Oct 28
Maral Overseas Limited to Report Q2, 2026 Results on Nov 04, 2025 Maral Overseas Limited announced that they will report Q2, 2026 results on Nov 04, 2025 Annuncio • Sep 27
Maral Overseas Limited announced that it expects to receive INR 300 million in funding Maral Overseas Limited announced a private placement to issue 3,000,000 9.25% Unsecured Redeemable Non-Convertible Cumulative Preference Shares at an issue price of INR 100 per share for gross proceeds of INR 300,000,000 on September 26, 2025. The RNCPS are unsecured and do not carry any charge on the assets of the Company.
On the same date, the company announced that it has issued 1,000,000 shares at an issue price of INR 100 per share for gross proceeds of INR 100,000,000 in first tranche. The transaction has been approved by shareholders. Annuncio • Aug 04
Maral Overseas Limited, Annual General Meeting, Aug 29, 2025 Maral Overseas Limited, Annual General Meeting, Aug 29, 2025, at 14:00 Indian Standard Time. Reported Earnings • Aug 02
First quarter 2026 earnings released: ₹3.03 loss per share (vs ₹1.55 loss in 1Q 2025) First quarter 2026 results: ₹3.03 loss per share (further deteriorated from ₹1.55 loss in 1Q 2025). Revenue: ₹2.30b (down 8.3% from 1Q 2025). Net loss: ₹125.7m (loss widened 95% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Annuncio • Jul 24
Maral Overseas Limited to Report Q1, 2026 Results on Aug 01, 2025 Maral Overseas Limited announced that they will report Q1, 2026 results on Aug 01, 2025 Reported Earnings • May 10
Full year 2025 earnings released: ₹5.83 loss per share (vs ₹2.35 loss in FY 2024) Full year 2025 results: ₹5.83 loss per share (further deteriorated from ₹2.35 loss in FY 2024). Revenue: ₹10.7b (up 11% from FY 2024). Net loss: ₹242.0m (loss widened 148% from FY 2024). 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. Annuncio • May 01
Maral Overseas Limited to Report Q4, 2025 Results on May 08, 2025 Maral Overseas Limited announced that they will report Q4, 2025 results on May 08, 2025 Reported Earnings • Feb 05
Third quarter 2025 earnings released: ₹2.54 loss per share (vs ₹0.26 profit in 3Q 2024) Third quarter 2025 results: ₹2.54 loss per share (down from ₹0.26 profit in 3Q 2024). Revenue: ₹2.55b (up 12% from 3Q 2024). Net loss: ₹105.6m (down ₹116.2m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annuncio • Jan 29
Maral Overseas Limited to Report Q3, 2025 Results on Feb 04, 2025 Maral Overseas Limited announced that they will report Q3, 2025 results on Feb 04, 2025 New Risk • Jan 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: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹3.40b market cap, or US$39.6m). Reported Earnings • Nov 05
Second quarter 2025 earnings released: ₹1.68 loss per share (vs ₹0.55 loss in 2Q 2024) Second quarter 2025 results: ₹1.68 loss per share (further deteriorated from ₹0.55 loss in 2Q 2024). Revenue: ₹2.75b (up 12% from 2Q 2024). Net loss: ₹69.6m (loss widened 204% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Annuncio • Oct 25
Maral Overseas Limited to Report Q2, 2025 Results on Nov 04, 2024 Maral Overseas Limited announced that they will report Q2, 2025 results on Nov 04, 2024 Annuncio • Aug 27
Maral Overseas Limited Appoints Directors Maral Overseas Limited at the AGM held on August 27, 2024 approved the appointment of Shri Raman Singh Sidhu, Smt. Romi Jatta and Shri Amitabh Gupta as an Independent Directors. Reported Earnings • Aug 02
First quarter 2025 earnings released: ₹1.55 loss per share (vs ₹3.47 loss in 1Q 2024) First quarter 2025 results: ₹1.55 loss per share (improved from ₹3.47 loss in 1Q 2024). Revenue: ₹2.59b (up 14% from 1Q 2024). Net loss: ₹64.5m (loss narrowed 55% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Annuncio • Jul 25
Maral Overseas Limited, Annual General Meeting, Aug 27, 2024 Maral Overseas Limited, Annual General Meeting, Aug 27, 2024, at 14:00 Indian Standard Time. Annuncio • Jul 24
Maral Overseas Limited to Report Q1, 2025 Results on Aug 01, 2024 Maral Overseas Limited announced that they will report Q1, 2025 results on Aug 01, 2024 Reported Earnings • May 10
Full year 2024 earnings released: ₹2.35 loss per share (vs ₹3.84 loss in FY 2023) Full year 2024 results: ₹2.35 loss per share (improved from ₹3.84 loss in FY 2023). Revenue: ₹9.83b (down 4.2% from FY 2023). Net loss: ₹97.7m (loss narrowed 39% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Annuncio • Mar 21
Maral Overseas Limited Appoints Shri Sandeep Singh as Company Secretary Maral Overseas Limited informed that Board of Directors of the Company, in their meeting held on 20 March, 2024, inter alia, has approved the appointment of Shri Sandeep Singh as Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company with effect from 20 March, 2024. Shri Sandeep Singh is a Fellow member of Institute of Company Secretaries of India (M.No. F9877), Commerce and Law Graduate. He possesses experience of more than eleven (11) years in Secretarial activities, Corporate Law compliance management, Due diligence, IPO across organization viz. Fortis Hospitals, Columbia Asia Hospital, PDS Multinational Fashions Limited, besides other. Annuncio • Mar 13
Maral Overseas Limited Announces Resignation of Avnish Maurya as Company Secretary & Compliance Officer, Effective 19 March 2024 Maral Overseas Limited announced that Shri Avnish Maurya - Company Secretary & Compliance Officer (Key Managerial Officer) of the Company, has resigned with effect from closing of business hours on 19 March 2024 due to personal reasons. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹0.26 (vs ₹1.50 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.26 (up from ₹1.50 loss in 3Q 2023). Revenue: ₹2.32b (down 2.4% from 3Q 2023). Net income: ₹10.6m (up ₹73.0m from 3Q 2023). Profit margin: 0.5% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. New Risk • Jan 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹4.23b market cap, or US$50.9m). Annuncio • Jan 29
Maral Overseas Limited to Report Q3, 2024 Results on Feb 07, 2024 Maral Overseas Limited announced that they will report Q3, 2024 results on Feb 07, 2024 Annuncio • Dec 02
Maral Overseas Limited Appoints Tarun Kumar Baldua as President Maral Overseas Limited announced that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company vide Circular Resolution passed on December 02, 2023, approved the appointment of Shri Tarun Kumar Baldua as President (being Senior Management Personnel) with effect from December 2, 2023. Having extensive experience in managing diverse functions in Mulli-site environments with over three decades of career success in the management of end-to -end business operations entailing administration, production, quality, projects, resource planning, sourcing, marketing & customer satisfaction, banking & finance and so on; spearheaded profit Centre operations with focus on top-line & bottom-line growth. Reported Earnings • Nov 02
Second quarter 2024 earnings released: ₹0.55 loss per share (vs ₹2.61 loss in 2Q 2023) Second quarter 2024 results: ₹0.55 loss per share (improved from ₹2.61 loss in 2Q 2023). Revenue: ₹2.49b (down 3.3% from 2Q 2023). Net loss: ₹22.9m (loss narrowed 79% from 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 71% per year, which means it is well ahead of earnings. Annuncio • Nov 02
Maral Overseas Limited Announces Resignation of Virendra Kumar Garg, Company Secretary & Compliance Officer Maral Overseas Limited at its Board of Directors meeting held on November 1, 2023, approved resignation of Shri Virendra Kumar Garg, Company Secretary, Compliance Officer and Key Managerial Personnel of the Company dated 1st November, 2023 who will be relieved from his services w.e.f. closing of business hours on November 15, 2023. Annuncio • Oct 21
Maral Overseas Limited to Report Q2, 2024 Results on Nov 01, 2023 Maral Overseas Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Annuncio • Aug 18
Maral Overseas Limited, Annual General Meeting, Sep 20, 2023 Maral Overseas Limited, Annual General Meeting, Sep 20, 2023, at 14:00 Indian Standard Time. Location: Registered Office of the Company at Maral Sarovar V. & P.O. Khalbujurg Khargone Madhya Pradesh India Reported Earnings • Aug 05
First quarter 2024 earnings released: ₹3.47 loss per share (vs ₹0.48 profit in 1Q 2023) First quarter 2024 results: ₹3.47 loss per share (down from ₹0.48 profit in 1Q 2023). Revenue: ₹2.31b (down 11% from 1Q 2023). Net loss: ₹144.2m (down ₹164.2m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 25
Maral Overseas Limited to Report Q1, 2024 Results on Aug 04, 2023 Maral Overseas Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 07
Full year 2023 earnings released: ₹3.84 loss per share (vs ₹16.14 profit in FY 2022) Full year 2023 results: ₹3.84 loss per share (down from ₹16.14 profit in FY 2022). Revenue: ₹10.4b (down 3.8% from FY 2022). Net loss: ₹159.3m (down 124% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 05
Third quarter 2023 earnings released: ₹1.50 loss per share (vs ₹4.97 profit in 3Q 2022) Third quarter 2023 results: ₹1.50 loss per share (down from ₹4.97 profit in 3Q 2022). Revenue: ₹2.38b (down 9.6% from 3Q 2022). Net loss: ₹62.4m (down 130% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 63% per year whereas the company’s share price has increased by 59% per year. Annuncio • Jan 24
Maral Overseas Limited to Report Q3, 2023 Results on Feb 02, 2023 Maral Overseas Limited announced that they will report Q3, 2023 results on Feb 02, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹58.00, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 318% 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 24% share price gain to ₹70.00, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 387% over the past three years. Board Change • Nov 16
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. 2 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Archana Capoor was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Second quarter 2023 earnings released: ₹2.61 loss per share (vs ₹4.80 profit in 2Q 2022) Second quarter 2023 results: ₹2.61 loss per share (down from ₹4.80 profit in 2Q 2022). Revenue: ₹2.62b (down 6.2% from 2Q 2022). Net loss: ₹108.2m (down 154% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 05
Maral Overseas Limited Announces CFO Changes Maral Overseas Limited announced the resignation of Shri Atul Kumar Jain from the post of Chief Financial Officer of the Company with immediate effect. Appointment of Shri Manoj Gupta as Chief Financial Officer of the Company in place of Shri Atul Kumar Jain with immediate effect. Accordingly, he will be Key Managerial Personnel of the Company with immediate effect. Date of appointment 4 November, 2022. Shri Manoj Gupta is A qualified Chartered Accountant with over 21 years of experience, strong domain & functional experience in Finance & Accounts, corporate finance, Treasury Management, Legal, Secretarial & Business Management mainly in the Distillery, Liquor, Sugar, Real Estate and Textile industry. Annuncio • Oct 21
Maral Overseas Limited to Report Q2, 2023 Results on Nov 04, 2022 Maral Overseas Limited announced that they will report Q2, 2023 results on Nov 04, 2022 Annuncio • Aug 26
Maral Overseas Limited Declares Dividend for the Financial Year Ended the 31St March, 2022 Maral Overseas Limited declared a dividend of INR 2/- (20%) per Equity Share of the face value of INR 10/- each for the financial year ended the 31st March, 2022, at its AGM held on August 25, 2022. Upcoming Dividend • Aug 10
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 17 August 2022. Payment date: 24 September 2022. Trailing yield: 3.1%. Within top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.6%). Reported Earnings • Aug 03
Full year 2022 earnings released: EPS: ₹16.14 (vs ₹3.02 in FY 2021) Full year 2022 results: EPS: ₹16.14 (up from ₹3.02 in FY 2021). Revenue: ₹10.8b (up 71% from FY 2021). Net income: ₹669.8m (up 435% from FY 2021). Profit margin: 6.2% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 26
Maral Overseas Limited to Report Q1, 2023 Results on Aug 03, 2022 Maral Overseas Limited announced that they will report Q1, 2023 results on Aug 03, 2022 Annuncio • Jul 22
Maral Overseas Limited, Annual General Meeting, Aug 25, 2022 Maral Overseas Limited, Annual General Meeting, Aug 25, 2022, at 14:00 Indian Standard Time. Annuncio • Jul 12
Maral Overseas Limited Recommends Dividend for the Financial Year 2021-22 Maral Overseas Limited has recommended a dividend of 20% i.e. INR 2/- per equity share of the face value of INR 10/- (Rupees Ten) each fully paid up for the financial year 2021-22, subject to the approval of members of the Company at the upcoming Annual General Meeting ("AGM") of the Company. The dividend will be paid to members within thirty days from the date of declaration in the upcoming AGM. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹60.30, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 174% over the past three years. Reported Earnings • May 13
Full year 2022 earnings released: EPS: ₹16.14 (vs ₹3.02 in FY 2021) Full year 2022 results: EPS: ₹16.14 (up from ₹3.02 in FY 2021). Revenue: ₹11.0b (up 75% from FY 2021). Net income: ₹669.8m (up 435% from FY 2021). Profit margin: 6.1% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Annuncio • May 12
Maral Overseas Limited Recommends Dividend the Fiscal Year 2022 Maral Overseas Limited at its Board Meeting held May 11, 2022, recommended the dividend on Equity Shares at the rate INR 2 per share of the face value of INR 10 each for the fiscal year 2022 subject to the approval of the Shareholders at the forthcoming Annual General Meeting of the Company. The Dividend will be paid/dispatched within 30 days from the declaration at the Annual General Meeting. Board Change • Apr 27
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. 2 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Archana Capoor was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₹95.65, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 273% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹82.05, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 235% over the past three years. Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹4.97 (up from ₹2.82 in 3Q 2021). Revenue: ₹2.71b (up 40% from 3Q 2021). Net income: ₹206.3m (up 77% from 3Q 2021). Profit margin: 7.6% (up from 6.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₹101, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 266% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 18% share price gain to ₹94.40, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 235% over the past three years. Board Change • Dec 06
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. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Archana Capoor was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS ₹4.80 (vs ₹0.89 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹2.85b (up 70% from 2Q 2021). Net income: ₹199.1m (up 437% from 2Q 2021). Profit margin: 7.0% (up from 2.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹74.10, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 153% over the past three years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 27% share price gain to ₹93.10, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 202% over the past three years. Reported Earnings • Jul 31
First quarter 2022 earnings released: EPS ₹4.92 (vs ₹3.59 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹2.28b (up 239% from 1Q 2021). Net income: ₹204.2m (up ₹353.1m from 1Q 2021). Profit margin: 9.0% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 16% share price gain to ₹64.00, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 134% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₹40.00, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 28% over the past three years. Reported Earnings • May 04
Full year 2021 earnings released: EPS ₹3.02 (vs ₹3.68 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹6.40b (down 5.3% from FY 2020). Net income: ₹125.3m (up ₹278.1m from FY 2020). Profit margin: 2.0% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS ₹2.82 (vs ₹0.35 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.93b (up 16% from 3Q 2020). Net income: ₹116.9m (up ₹131.4m from 3Q 2020). Profit margin: 6.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annuncio • Jan 21
Maral Overseas Limited to Report Q3, 2021 Results on Jan 28, 2021 Maral Overseas Limited announced that they will report Q3, 2021 results on Jan 28, 2021 Is New 90 Day High Low • Jan 06
New 90-day high: ₹29.40 The company is up 141% from its price of ₹12.20 on 08 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ₹24.09 The company is up 92% from its price of ₹12.52 on 15 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: ₹15.30 The company is up 11% from its price of ₹13.75 on 19 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 27
New 90-day high: ₹14.74 The company is up 26% from its price of ₹11.70 on 29 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 16% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₹11.24 The company is down 18% from its price of ₹13.75 on 24 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 8.0% over the same period. Annuncio • Sep 12
Maral Overseas Limited to Report Q2, 2021 Results on Aug 07, 2020 Maral Overseas Limited announced that they will report Q2, 2021 results on Aug 07, 2020 Annuncio • Jul 17
Maral Overseas Limited Resumes Operation of Manufacturing Units Located at Distt. Noida, Uttar Pradesh with Effect from May 11, 2020 Maral Overseas Limited announced that company has resumed operation of manufacturing units located at Distt. Noida, Uttar Pradesh with effect from May 11, 2020 with due permission of the local district authorities ensuring strict compliance to the guidelines issued by MHA and also in compliance with conditions stipulated by local district authorities while granting permission to start manufacturing operations.