New Risk • Jul 26
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹799.9m market cap, or US$8.30m). New Risk • Jul 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.6% per year over the past 5 years. Market cap is less than US$10m (₹749.8m market cap, or US$7.77m). Minor Risks Profit margins are more than 30% lower than last year (6.7% net profit margin). Revenue is less than US$5m (₹282m revenue, or US$2.9m). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹118, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 43% over the past three years. Annuncio • Jul 10
Banaras Beads Limited to Report Q1, 2027 Results on Jul 23, 2026 Banaras Beads Limited announced that they will report Q1, 2027 results on Jul 23, 2026 Reported Earnings • Jul 01
Full year 2026 earnings released: EPS: ₹2.69 (vs ₹4.65 in FY 2025) Full year 2026 results: EPS: ₹2.69 (down from ₹4.65 in FY 2025). Revenue: ₹254.9m (down 19% from FY 2025). Net income: ₹17.7m (down 43% from FY 2025). Profit margin: 7.0% (down from 9.8% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Jun 15
Banaras Beads Limited, Annual General Meeting, Jul 30, 2026 Banaras Beads Limited, Annual General Meeting, Jul 30, 2026, at 15:00 Indian Standard Time. Location: a-1, industrial estate, varanasi - 221106, varanasi India Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹2.69 (vs ₹4.65 in FY 2025) Full year 2026 results: EPS: ₹2.69 (down from ₹4.65 in FY 2025). Revenue: ₹271.1m (down 14% from FY 2025). Net income: ₹17.7m (down 43% from FY 2025). Profit margin: 6.5% (down from 9.8% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • May 14
Banaras Beads Limited to Report Q4, 2026 Results on May 28, 2026 Banaras Beads Limited announced that they will report Q4, 2026 results on May 28, 2026 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹124, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 55% over the past three years. New Risk • Feb 03
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 7.4% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 0.1% per year over the past 5 years. Market cap is less than US$10m (₹816.1m market cap, or US$9.04m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (₹262m revenue, or US$2.9m). Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: ₹0.87 (vs ₹0.75 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.87 (up from ₹0.75 in 3Q 2025). Revenue: ₹81.5m (up 42% from 3Q 2025). Net income: ₹5.79m (up 16% from 3Q 2025). Profit margin: 7.1% (down from 8.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 21
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to ₹103. The fair value is estimated to be ₹136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 2.8%. Annuncio • Jan 16
Banaras Beads Limited to Report Q3, 2026 Results on Jan 29, 2026 Banaras Beads Limited announced that they will report Q3, 2026 results on Jan 29, 2026 New Risk • Nov 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹880.4m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹880.4m market cap, or US$9.92m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (₹242m revenue, or US$2.7m). Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: ₹0.05 (vs ₹2.09 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.05 (down from ₹2.09 in 2Q 2025). Revenue: ₹53.9m (down 53% from 2Q 2025). Net income: ₹364.0k (down 97% from 2Q 2025). Profit margin: 0.7% (down from 12% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 19
Banaras Beads Limited to Report Q2, 2026 Results on Oct 30, 2025 Banaras Beads Limited announced that they will report Q2, 2026 results on Oct 30, 2025 New Risk • Sep 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Revenue is less than US$5m (₹307m revenue, or US$3.5m). Market cap is less than US$100m (₹889.4m market cap, or US$10.0m). Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹127, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 25x in the Luxury industry in India. Total returns to shareholders of 68% over the past three years. Reported Earnings • Aug 04
First quarter 2026 earnings released: EPS: ₹0.92 (vs ₹0.81 in 1Q 2025) First quarter 2026 results: EPS: ₹0.92 (up from ₹0.81 in 1Q 2025). Revenue: ₹62.1m (down 12% from 1Q 2025). Net income: ₹6.10m (up 13% from 1Q 2025). Profit margin: 9.8% (up from 7.6% in 1Q 2025). The increase in margin 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 increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 18
Banaras Beads Limited to Report Q1, 2026 Results on Jul 31, 2025 Banaras Beads Limited announced that they will report Q1, 2026 results on Jul 31, 2025 Annuncio • Jun 04
Banaras Beads Limited, Annual General Meeting, Aug 07, 2025 Banaras Beads Limited, Annual General Meeting, Aug 07, 2025, at 15:00 Indian Standard Time. Location: varanasi India Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹4.65 (vs ₹4.15 in FY 2024) Full year 2025 results: EPS: ₹4.65 (up from ₹4.15 in FY 2024). Revenue: ₹335.5m (up 19% from FY 2024). Net income: ₹30.9m (up 12% from FY 2024). Profit margin: 9.2% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 13
Banaras Beads Limited to Report Q4, 2025 Results on May 29, 2025 Banaras Beads Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 29, 2025 Declared Dividend • Feb 01
Dividend of ₹2.25 announced Shareholders will receive a dividend of ₹2.25. Ex-date: 7th February 2025 Payment date: 1st March 2025 Dividend yield will be 1.7%, which is higher than the industry average of 0.4%. Sustainability & Growth The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Annuncio • Feb 01
Banaras Beads Limited Declares Interim Dividend for 2024-2025, Payable on or After 21 February 2025 Banaras Beads Limited at its Meeting of Board of directors held on 30th January, 2025, declared Interim Dividend for 2024-2025 at 22.50% on equity share capital (INR 2.25 per share). The record date will be February 08, 2025' for the purpose of payment of said interim Dividend on Equity Shares. The Interim Dividend would be paid to members whose names appear on the Register of Members as on the Record Date i.e. February 08, 2025 and the beneficial owners as per details received by the Company from National Securities Depository Limited and Central Depository Services (India) Limited. The dividend shall be paid on or after 21 February 2025. Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: ₹0.75 (vs ₹0.68 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.75 (up from ₹0.68 in 3Q 2024). Revenue: ₹57.4m (up 51% from 3Q 2024). Net income: ₹5.00m (up 11% from 3Q 2024). Profit margin: 8.7% (down from 12% 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 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 17
Banaras Beads Limited to Report Q3, 2025 Results on Jan 30, 2025 Banaras Beads Limited announced that they will report Q3, 2025 results on Jan 30, 2025 New Risk • Dec 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹841.1m (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₹841.1m market cap, or US$9.89m). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₹311m revenue, or US$3.7m). Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹2.09 (vs ₹1.63 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.09 (up from ₹1.63 in 2Q 2024). Revenue: ₹120.6m (up 27% from 2Q 2024). Net income: ₹13.9m (up 29% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹133, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 88% over the past three years. Annuncio • Oct 14
Banaras Beads Limited to Report Q2, 2025 Results on Oct 24, 2024 Banaras Beads Limited announced that they will report Q2, 2025 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹116, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 31x in the Luxury industry in India. Total returns to shareholders of 96% over the past three years. Annuncio • Aug 02
Banaras Beads Limited Approves Interim Dividend for the Financial Year 2023-24 Banaras Beads Limited announced that at its AGM held on August 1, 2024, the shareholders approved interim dividends at INR 2 per equity share declared by board on 31 January 2024 for the financial year 2023-24. Annuncio • Jul 16
Banaras Beads Limited to Report Q1, 2025 Results on Jul 25, 2024 Banaras Beads Limited announced that they will report Q1, 2025 results on Jul 25, 2024 Reported Earnings • Jul 05
Full year 2024 earnings released: EPS: ₹4.15 (vs ₹3.83 in FY 2023) Full year 2024 results: EPS: ₹4.15 (up from ₹3.83 in FY 2023). Revenue: ₹282.2m (up 4.6% from FY 2023). Net income: ₹27.5m (up 8.2% from FY 2023). Profit margin: 9.7% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 31
Banaras Beads Limited, Annual General Meeting, Aug 01, 2024 Banaras Beads Limited, Annual General Meeting, Aug 01, 2024, at 15:00 Indian Standard Time. Reported Earnings • May 30
Full year 2024 earnings released Full year 2024 results: Revenue: ₹306.7m (up 14% from FY 2023). Net income: ₹27.5m (up 8.2% from FY 2023). Profit margin: 9.0% (down from 9.4% in FY 2023). The decrease in margin was driven by higher expenses. Annuncio • May 16
Banaras Beads Limited to Report Q4, 2024 Results on May 28, 2024 Banaras Beads Limited announced that they will report Q4, 2024 results on May 28, 2024 Upcoming Dividend • Feb 05
Upcoming dividend of ₹2.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 12 February 2024. Payment date: 01 March 2024. Trailing yield: 1.9%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.4%). Declared Dividend • Feb 02
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 12th February 2024 Payment date: 1st March 2024 Dividend yield will be 1.9%, which is higher than the industry average of 0.4%. Sustainability & Growth The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Reported Earnings • Feb 01
Third quarter 2024 earnings released: EPS: ₹0.68 (vs ₹0.41 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.68 (up from ₹0.41 in 3Q 2023). Revenue: ₹43.9m (up 48% from 3Q 2023). Net income: ₹4.52m (up 65% from 3Q 2023). Profit margin: 10% (up from 9.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Annuncio • Jan 16
Banaras Beads Limited to Report Q3, 2024 Results on Jan 31, 2024 Banaras Beads Limited announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹1.63 (vs ₹1.54 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.63 (up from ₹1.54 in 2Q 2023). Revenue: ₹100.5m (up 18% from 2Q 2023). Net income: ₹10.8m (up 5.6% from 2Q 2023). Profit margin: 11% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annuncio • Oct 21
Banaras Beads Limited to Report Q2, 2024 Results on Oct 31, 2023 Banaras Beads Limited announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 27
First quarter 2024 earnings released: EPS: ₹0.68 (vs ₹1.02 in 1Q 2023) First quarter 2024 results: EPS: ₹0.68 (down from ₹1.02 in 1Q 2023). Revenue: ₹62.2m (down 6.9% from 1Q 2023). Net income: ₹4.53m (down 33% from 1Q 2023). Profit margin: 7.3% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 18
Banaras Beads Limited to Report Q1, 2024 Results on Jul 26, 2023 Banaras Beads Limited announced that they will report Q1, 2024 results on Jul 26, 2023 Annuncio • Jul 15
Banaras Beads Limited Approves Interim Dividends for the Financial Year 2022-2023 Banaras Beads Limited announced that at its AGM held on 14 July 2023, the shareholders approved interim dividends at INR 2 per equity share declared by board on 16 January 2023 for the financial year 2022-2023. Annuncio • Jun 07
Banaras Beads Limited Proposes Interim Dividend for the Financial Year 2022-23 Banaras Beads Limited, at its AGM to be held on July 14, 2023 proposed to confirm the payment of Interim Dividends of INR 2.00 per Equity Share declared by board on 16th January, 2023 for the financial year 2022-23. Annuncio • May 19
Banaras Beads Limited, Annual General Meeting, Jul 14, 2023 Banaras Beads Limited, Annual General Meeting, Jul 14, 2023, at 15:00 Indian Standard Time. Recent Insider Transactions • Mar 21
Chairman & MD recently bought ₹1.1m worth of stock On the 16th of March, Ashok Kumar Gupta bought around 13k shares on-market at roughly ₹79.86 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ashok Kumar's only on-market trade for the last 12 months. Board Change • Feb 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. 2 highly experienced directors. Independent Non-Executive Director Anil Gupta was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 23
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 15 February 2023. Trailing yield: 2.4%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Reported Earnings • Jan 17
Third quarter 2023 earnings released: EPS: ₹0.41 (vs ₹0.88 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.41 (down from ₹0.88 in 3Q 2022). Revenue: ₹33.1m (down 44% from 3Q 2022). Net income: ₹2.74m (down 53% from 3Q 2022). Profit margin: 8.3% (down from 9.8% in 3Q 2022). The decrease in margin was driven by lower revenue. 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 31% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 06
Banaras Beads Limited to Report Q3, 2023 Results on Jan 16, 2023 Banaras Beads Limited announced that they will report Q3, 2023 results on Jan 16, 2023 Annuncio • Oct 14
Banaras Beads Limited to Report Q2, 2023 Results on Oct 27, 2022 Banaras Beads Limited announced that they will report Q2, 2023 results on Oct 27, 2022 Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 18% share price gain to ₹92.65, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 216% over the past three years. Annuncio • Aug 20
Banaras Beads Limited Approves Interim Dividends for the Financial Year 2021-22 Banaras Beads Limited at Annual General Meeting on 18th August, 2022 confirmed the payment of Interim Dividends @ INR 2 per Equity Share declared by board on 28th October, 2021 for the financial year 2021-22. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₹85.50, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 118% over the past three years. Annuncio • Jul 19
Banaras Beads Limited to Report Q1, 2023 Results on Jul 27, 2022 Banaras Beads Limited announced that they will report Q1, 2023 results on Jul 27, 2022 Reported Earnings • Jul 14
Full year 2022 earnings released: EPS: ₹4.40 (vs ₹3.61 in FY 2021) Full year 2022 results: EPS: ₹4.40 (up from ₹3.61 in FY 2021). Revenue: ₹251.2m (up 23% from FY 2021). Net income: ₹29.2m (up 22% from FY 2021). Profit margin: 12% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year. Annuncio • Jul 09
Banaras Beads Limited, Annual General Meeting, Aug 18, 2022 Banaras Beads Limited, Annual General Meeting, Aug 18, 2022, at 15:00 Indian Standard Time. Location: A-1, Industrial Estate Varasasi-221106 Varanasi Uttar Pradesh India Agenda: To receive, consider and adopt the audited standalone financial statement of the company for the year ended March 31, 2022; to consider the re-appointment of director; to consider the interim dividend; to re-appoint statutory auditors; to consider alteration of the object clause of the Memorandum of Association of the company; and to consider other issues. Annuncio • May 12
Banaras Beads Limited to Report Q4, 2022 Results on May 19, 2022 Banaras Beads Limited announced that they will report Q4, 2022 results on May 19, 2022 Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹72.95, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 29% share price gain to ₹104, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹72.80, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 65% over the past three years. Reported Earnings • Jan 22
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.88 (down from ₹0.91 in 3Q 2021). Revenue: ₹62.9m (up 1.3% from 3Q 2021). Net income: ₹5.82m (down 3.3% from 3Q 2021). Profit margin: 9.2% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 28% per year and the company’s share price has also increased by 28% per year. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 30% share price gain to ₹92.00, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 100% over the past three years. Upcoming Dividend • Nov 04
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 11 November 2021. Payment date: 27 November 2021. Trailing yield: 2.6%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.4%). Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹2.18 (vs ₹1.31 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹112.1m (up 58% from 2Q 2021). Net income: ₹14.5m (up 67% from 2Q 2021). Profit margin: 13% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 24% share price gain to ₹78.30, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 24% share price gain to ₹78.30, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹69.30, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 15% share price gain to ₹69.00, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 39% over the past three years. Reported Earnings • Jul 01
Full year 2021 earnings released: EPS ₹3.61 (vs ₹3.53 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: ₹204.7m (down 21% from FY 2020). Net income: ₹23.9m (up 2.2% from FY 2020). Profit margin: 12% (up from 9.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 30
Full year 2021 earnings released: EPS ₹3.61 (vs ₹3.53 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: ₹219.5m (down 15% from FY 2020). Net income: ₹23.9m (up 2.2% from FY 2020). Profit margin: 11% (up from 9.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 17% share price gain to ₹58.70, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 6.7% over the past three years. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹0.91 (vs ₹0.64 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹65.0m (up 3.9% from 3Q 2020). Net income: ₹6.02m (up 42% from 3Q 2020). Profit margin: 9.3% (up from 6.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Jan 12
Banaras Beads Limited to Report Q3, 2021 Results on Jan 28, 2021 Banaras Beads Limited announced that they will report Q3, 2021 results on Jan 28, 2021 Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 22% share price gain to ₹65.10, the stock is trading at a trailing P/E ratio of 18.4x, up from the previous P/E ratio of 15.1x. This compares to an average P/E of 14x in the Luxury industry in India. Total returns to shareholders over the past three years are 10%. Is New 90 Day High Low • Oct 14
New 90-day high: ₹65.10 The company is up 62% from its price of ₹40.15 on 16 July 2020. The Indian market is up 11% 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. Annuncio • Jul 26
Banaras Beads Limited to Report Fiscal Year 2021 Results on Jul 30, 2020 Banaras Beads Limited announced that they will report fiscal year 2021 results on Jul 30, 2020