Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹6.86, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹5.09, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 18x in the Luxury industry in India. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹4.26, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 18x in the Luxury industry in India. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹3.68, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 1.9% over the past three years. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: ₹0.41 (vs ₹0.90 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.41 (down from ₹0.90 in 3Q 2025). Revenue: ₹341.2m (down 5.1% from 3Q 2025). Net income: ₹3.56m (down 55% from 3Q 2025). Profit margin: 1.0% (down from 2.2% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 48% to ₹5.35. The fair value is estimated to be ₹6.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 102% over the last 3 years. Meanwhile, the company has become profitable. Annuncio • Feb 02
Eureka Industries Limited to Report Q3, 2026 Results on Feb 09, 2026 Eureka Industries Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹6.23, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 18x in the Luxury industry in India. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹6.80, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 19x in the Luxury industry in India. Total loss to shareholders of 55% over the past three years. New Risk • Dec 23
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 8.7% 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 Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Negative equity (-₹12m). Market cap is less than US$10m (₹80.0m market cap, or US$893.6k). Buy Or Sell Opportunity • Dec 23
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 6.0% to ₹9.14. The fair value is estimated to be ₹7.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 102% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: ₹0.28 (vs ₹0.53 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.28 (down from ₹0.53 in 2Q 2025). Revenue: ₹292.4m (up 288% from 2Q 2025). Net income: ₹2.49m (down 47% from 2Q 2025). Profit margin: 0.9% (down from 6.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Nov 04
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 8.5% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Negative equity (-₹15m). Market cap is less than US$10m (₹93.2m market cap, or US$1.05m). Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹10.65, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 24x in the Luxury industry in India. Total loss to shareholders of 65% over the past three years. Annuncio • Oct 29
Eureka Industries Limited to Report Q3, 2025 Results on Nov 05, 2025 Eureka Industries Limited announced that they will report Q3, 2025 results on Nov 05, 2025 Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹9.56, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 24x in the Luxury industry in India. Total loss to shareholders of 33% over the past three years. New Risk • Sep 11
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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Negative equity (-₹15m). Market cap is less than US$10m (₹78.8m market cap, or US$890.1k). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Annuncio • Sep 01
Eureka Industries Limited, Annual General Meeting, Sep 26, 2025 Eureka Industries Limited, Annual General Meeting, Sep 26, 2025, at 11:00 Indian Standard Time. Location: 1001, shitiratna, 10th floor panchvati, ellisbridge, ellisbridge, ahmadabad - 380006, gujarat., ahmedabad India Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹10.28, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 25x in the Luxury industry in India. Total returns to shareholders of 188% over the past three years. Reported Earnings • Aug 06
First quarter 2026 earnings released: EPS: ₹0.10 (vs ₹0.47 in 1Q 2025) First quarter 2026 results: EPS: ₹0.10 (down from ₹0.47 in 1Q 2025). Revenue: ₹375.1m (up ₹348.1m from 1Q 2025). Net income: ₹832.0k (down 80% from 1Q 2025). Profit margin: 0.2% (down from 15% 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 12% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Annuncio • Jul 30
Eureka Industries Limited to Report Q1, 2026 Results on Aug 05, 2025 Eureka Industries Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • May 15
Full year 2025 earnings released: EPS: ₹2.45 (vs ₹5.21 loss in FY 2024) Full year 2025 results: EPS: ₹2.45 (up from ₹5.21 loss in FY 2024). Revenue: ₹853.5m (up 343% from FY 2024). Net income: ₹21.4m (up ₹67.0m from FY 2024). Profit margin: 2.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. New Risk • Mar 28
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 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹26m free cash flow). Negative equity (-₹28m). Earnings have declined by 70% per year over the past 5 years. Market cap is less than US$10m (₹98.7m market cap, or US$1.15m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Annuncio • Jan 10
Eureka Industries Limited to Report Q3, 2025 Results on Jan 21, 2025 Eureka Industries Limited announced that they will report Q3, 2025 results on Jan 21, 2025 New Risk • Oct 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹26m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹26m free cash flow). Negative equity (-₹28m). Earnings have declined by 76% per year over the past 5 years. Market cap is less than US$10m (₹58.4m market cap, or US$693.9k). Minor Risk Revenue is less than US$5m (₹242m revenue, or US$2.9m). Annuncio • Oct 18
Eureka Industries Limited to Report Q2, 2025 Results on Oct 25, 2024 Eureka Industries Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Annuncio • Oct 11
Eureka Industries Limited Approves Appointment of Mrs. Priyal Dhrumil Patel as Company Secretary Eureka Industries Limited approved the Appointment of Mrs. Priyal Dhrumil Patel as a Company Secretary and Compliance Officer of the Company with effect from 11th October, 2024. Brief profile:Mrs. Priyal Dhrumil Patel (Membership No. A61163) has completed M.COM and Company Secretaries ofIndia. She has a rich experience in a listed company as well as unlisted public company. She has an experience Secretarial Compliances, Corporate compliances etc. Education Qualifications: M. Com and Company Secretary. New Risk • Sep 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹39m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹39m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Negative equity (-₹36m). Earnings have declined by 77% per year over the past 5 years. Market cap is less than US$10m (₹51.9m market cap, or US$618.2k). Minor Risk Revenue is less than US$5m (₹167m revenue, or US$2.0m). Annuncio • Aug 30
Eureka Industries Limited, Annual General Meeting, Sep 27, 2024 Eureka Industries Limited, Annual General Meeting, Sep 27, 2024, at 11:00 Indian Standard Time. Location: 1001, shitiratna, 10th floor panchvati, ellisbridge, ellisbridge, ahmadabad - 380006, gujarat., ahmedabad India Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹0.47 (vs ₹0.03 loss in 1Q 2024) First quarter 2025 results: EPS: ₹0.47 (up from ₹0.03 loss in 1Q 2024). Revenue: ₹27.0m (down 49% from 1Q 2024). Net income: ₹4.12m (up ₹4.36m from 1Q 2024). Profit margin: 15% (up from net loss in 1Q 2024). 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 130 percentage points per year, which is a significant difference in performance. Annuncio • Aug 10
Eureka Industries Limited Approves Board Appointments Eureka Industries Limited at its board meeting held on August 8, 2024, approved the Appointment of Mr. Amit Pradeepbhai Sur as an Additional Non-Executive Non-Independent Director of the Company with effect from August 8, 2024. He is coming from a science background has experience of more than a decade in technical analysis and business management. Approved the Appointment of Mr. Darshak Shah as an Additional Executive Director of the Company with effect from August 8, 2024. He has completed his graduation in the field of Commerce and having the vast experience in the field of Accounting Services. He is having an expertise knowledge to analyse profit and loss statements, balance sheets and other financial statements to present the necessary information to the management. Annuncio • Aug 09
Eureka Industries Limited to Report Q1, 2025 Results on Aug 08, 2024 Eureka Industries Limited announced that they will report Q1, 2025 results on Aug 08, 2024 New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 74% per year over the past 5 years. Market cap is less than US$10m (₹26.3m market cap, or US$314.2k). Minor Risks Negative equity (-₹36m). Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (₹192m revenue, or US$2.3m). New Risk • Jun 04
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -₹36m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 80% per year over the past 5 years. Market cap is less than US$10m (₹31.1m market cap, or US$371.7k). Minor Risks Negative equity (-₹36m). Revenue is less than US$5m (₹192m revenue, or US$2.3m). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹3.73, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 26x in the Luxury industry in India. Total returns to shareholders of 52% over the past three years. Annuncio • May 30
Eureka Industries Limited Announces Resignation of Neelam Damji Shah as Company Secretary and Compliance Officer Eureka Industries Limited informed that Ms. Neelam Damji Shah, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company, due to preoccupation, vide his letter dated 28 May, 2024. Annuncio • May 22
Eureka Industries Limited to Report Q4, 2024 Results on May 29, 2024 Eureka Industries Limited announced that they will report Q4, 2024 results on May 29, 2024 New Risk • Feb 09
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Market cap is less than US$10m (₹47.1m market cap, or US$567.2k). Minor Risks High level of debt (126% net debt to equity). Revenue is less than US$5m (₹83m revenue, or US$1.0m). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹4.89, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 100% over the past three years. Annuncio • Dec 28
Eureka Industries Limited Announces Resignation of Bhoomit Shailendrasinh Chaudhary as Non-Executive Director Eureka Industries Limited announced that the resignation of Mr. Bhoomit Shailendrasinh Chaudhary from the post of Non-Executive Director of the Company due to pre-occupation, with effect from close of work on 28 December 2023. Annuncio • Oct 28
Eureka Industries Limited to Report Q2, 2024 Results on Nov 03, 2023 Eureka Industries Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Annuncio • Sep 29
Eureka Industries Limited Announces Resignation of Bhupendra Suthar from Position of Director Eureka Industries Limited at its board meeting held on September 28, 2023, considered and approved the resignation of Mr. Bhupendra Suthar from the position of director of the company due to his per-occupation elsewhere with effect from September 28, 2023. Board Change • Sep 15
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Bhupendra Suthar is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 12
Eureka Industries Limited Announces the Resignation Aarefa Kutub Kapasi from the Position of Independent Director Eureka Industries Limited announced the resignation letter of Ms. Aarefa Kutub Kapasi, (DIN: 07127418) for resigning from the position of Independent Director of the Company be and is hereby accepted effective from September 11, 2023 along with the resolution passed in board and approval letter for resignation. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹4.30, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 23x in the Luxury industry in India. Total loss to shareholders of 25% over the past year. Annuncio • Sep 07
Eureka Industries Limited, Annual General Meeting, Sep 30, 2023 Eureka Industries Limited, Annual General Meeting, Sep 30, 2023, at 14:00 Indian Standard Time. Location: the Registered Office of the Company at 1001 Shitiratna, 10th floor Panchvati, Ellisbridge Ellisbridge Ahmadabad City Ahmadabad Gujarat India Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2023 together with the reports of the Board of Directors and Auditor's Report thereon; to re-appoint director in place of Mr. Aashish Kumar Modi who retires by rotation and being eligible for re-appointment offers himself for re-appointment and to consider other matters. New Risk • Aug 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹34.3m market cap, or US$414.2k). Minor Risks High level of debt (126% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Revenue is less than US$5m (₹83m revenue, or US$1.0m). Annuncio • Jul 26
Eureka Industries Limited Approves Executive Appointments The Board of directors of Eureka Industries Limited at its Board Meeting held on 25th July, 2023 approved the following: 1) Considered and approved the appointment of Ms. Mamta Prahlad Nishad (DIN: 10232506) As an Additional Executive and Non- Independent director of the company with effect from 25th July, 2023, (till the next general meeting or for a period of three months from the date of appointment, whichever is earlier). Ms. Mamta Prahlad Nishad is having an experience related to management sector for last 1 to 2 years. 2) Considered and approved the appointment of Mr. Altaf Husain (DIN: 10232858) as, Additional Non- executive and Non- Independent director of the company with effect from 25th July, 2023, (till the next general meeting or for a period of three months from the date of appointment, whichever is earlier). Mr. Altaf Husain has experience of 1-2 years in the field of financial and advisory services. Annuncio • Jul 24
Eureka Industries Limited to Report Q1, 2024 Results on Jul 29, 2023 Eureka Industries Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Jul 29, 2023 Annuncio • May 25
Eureka Industries Limited to Report Q4, 2023 Results on May 30, 2023 Eureka Industries Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹4.56, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 16x in the Luxury industry in India. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹3.79, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 15x in the Luxury industry in India. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹6.31, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 16x in the Luxury industry in India. Annuncio • Feb 01
Eureka Industries Limited to Report Q3, 2023 Results on Feb 08, 2023 Eureka Industries Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹14.35, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 488% over the past year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive Director Bhupendra Suthar was the last 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. Annuncio • Oct 14
Eureka Industries Limited to Report Q2, 2023 Results on Oct 20, 2022 Eureka Industries Limited announced that they will report Q2, 2023 results on Oct 20, 2022 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 16% share price gain to ₹6.32, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 15x in the Luxury industry in India. Annuncio • Sep 01
Eureka Industries Limited, Annual General Meeting, Sep 30, 2022 Eureka Industries Limited, Annual General Meeting, Sep 30, 2022, at 14:00 Indian Standard Time. Recent Insider Transactions • Aug 18
Insider recently sold ₹250k worth of stock On the 12th of August, Sushil Kejriwala sold around 73k shares on-market at roughly ₹3.40 per share. 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. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 15% share price gain to ₹3.40, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 13x in the Luxury industry in India. Annuncio • Jul 26
Eureka Industries Limited to Report Q1, 2023 Results on Aug 03, 2022 Eureka Industries Limited announced that they will report Q1, 2023 results on Aug 03, 2022 Board Change • Jul 22
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 Director Yashdeep Jajpura was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
