Reported Earnings • Jul 16
Full year 2026 earnings released: EPS: ₹3.40 (vs ₹1.84 in FY 2025) Full year 2026 results: EPS: ₹3.40 (up from ₹1.84 in FY 2025). Revenue: ₹267.9m (down 15% from FY 2025). Net income: ₹49.4m (up 446% from FY 2025). Profit margin: 18% (up from 2.9% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annuncio • Jul 15
Virat Industries Limited to Report Q3, 2027 Results on Feb 14, 2027 Virat Industries Limited announced that they will report Q3, 2027 results on Feb 14, 2027 Annuncio • Jul 08
Virat Industries Limited, Annual General Meeting, Aug 06, 2026 Virat Industries Limited, Annual General Meeting, Aug 06, 2026, at 17:00 Indian Standard Time. Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹3.75 (vs ₹1.84 in FY 2025) Full year 2026 results: EPS: ₹3.75 (up from ₹1.84 in FY 2025). Revenue: ₹330.7m (up 4.6% from FY 2025). Net income: ₹49.4m (up 446% from FY 2025). Profit margin: 15% (up from 2.9% in FY 2025). The increase in margin was primarily driven by lower 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 33% per year, which means it is well ahead of earnings. Annuncio • May 19
Virat Industries Limited to Report Q4, 2026 Results on May 26, 2026 Virat Industries Limited announced that they will report Q4, 2026 results at 3:30 PM, Indian Standard Time on May 26, 2026 Reported Earnings • Jan 29
Third quarter 2026 earnings released: EPS: ₹0.81 (vs ₹0.24 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.81 (up from ₹0.24 in 3Q 2025). Revenue: ₹73.4m (up 16% from 3Q 2025). Net income: ₹11.8m (up ₹10.6m from 3Q 2025). Profit margin: 16% (up from 1.9% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Annuncio • Jan 23
Virat Industries Limited to Report Q3, 2026 Results on Jan 28, 2026 Virat Industries Limited announced that they will report Q3, 2026 results on Jan 28, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹1.25 (vs ₹0.80 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.25 (up from ₹0.80 in 2Q 2025). Revenue: ₹90.6m (down 22% from 2Q 2025). Net income: ₹18.2m (up 365% from 2Q 2025). Profit margin: 20% (up from 3.4% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Annuncio • Nov 04
Virat Industries Limited to Report Q2, 2026 Results on Nov 13, 2025 Virat Industries Limited announced that they will report Q2, 2026 results on Nov 13, 2025 New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.86b (US$99.7m) This is considered a minor 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 Shareholders have been substantially diluted in the past year (195% increase in shares outstanding). Minor Risks Revenue is less than US$5m (₹342m revenue, or US$3.9m). Market cap is less than US$100m (₹8.86b market cap, or US$99.7m). Annuncio • Oct 01
Virat Industries Limited Approves the Appointment of Directors Virat Industries Limited held its AGM on September 30, 2025, approved the appointment of Smt. Neha Tikam (DIN: 11273578) as a Non-Executive Independent Director; Shri. Vilas Potdar as Non-Executive Independent
Director; Shri. Bhavook Chandraprakash Tripathi (DIN: 02198554) as a Non-Executive Non-Independent Director; Smt. Namrata Dudaney (DIN: 09639072) as a Non-Executive Non-Independent Director and Shri. Vijay Sane (DIN: 06748648) as a Non-Executive Non- Independent Director of the Company. Board Change • Oct 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. MD & Executive Director Adi Madan is the most experienced director on the board, commencing their role in 1994. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Sep 12
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: Major Risk Shareholders have been substantially diluted in the past year (195% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Revenue is less than US$5m (₹342m revenue, or US$3.9m). Board Change • Sep 10
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. MD & Executive Director Adi Madan is the most experienced director on the board, commencing their role in 1994. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.98 (vs ₹0.44 in 1Q 2025) First quarter 2026 results: EPS: ₹0.98 (up from ₹0.44 in 1Q 2025). Revenue: ₹96.7m (up 62% from 1Q 2025). Net income: ₹8.84m (up 304% from 1Q 2025). Profit margin: 9.1% (up from 3.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Annuncio • Aug 09
Virat Industries Limited to Report Q1, 2026 Results on Aug 13, 2025 Virat Industries Limited announced that they will report Q1, 2026 results on Aug 13, 2025 New Risk • May 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 195% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (195% increase in shares outstanding). Minor Risks Revenue is less than US$5m (₹316m revenue, or US$3.7m). Market cap is less than US$100m (₹6.76b market cap, or US$79.0m). Reported Earnings • May 16
Full year 2025 earnings released: EPS: ₹1.84 (vs ₹1.54 in FY 2024) Full year 2025 results: EPS: ₹1.84 (up from ₹1.54 in FY 2024). Revenue: ₹326.7m (flat on FY 2024). Net income: ₹9.05m (up 19% from FY 2024). Profit margin: 2.8% (up from 2.3% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Annuncio • May 10
Virat Industries Limited to Report Q4, 2025 Results on May 15, 2025 Virat Industries Limited announced that they will report Q4, 2025 results on May 15, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.24 (vs ₹0.47 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.24 (up from ₹0.47 loss in 3Q 2024). Revenue: ₹63.7m (down 25% from 3Q 2024). Net income: ₹1.19m (up ₹3.56m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Annuncio • Jan 29
Virat Industries Limited to Report Q3, 2025 Results on Feb 13, 2025 Virat Industries Limited announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.5% net profit margin). Revenue is less than US$5m (₹320m revenue, or US$3.8m). Market cap is less than US$100m (₹2.44b market cap, or US$28.9m). Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: ₹0.80 (vs ₹0.74 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.80 (up from ₹0.74 in 2Q 2024). Revenue: ₹121.0m (up 44% from 2Q 2024). Net income: ₹3.92m (up 7.8% from 2Q 2024). Profit margin: 3.2% (down from 4.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 100% per year, which means it is well ahead of earnings. Annuncio • Oct 25
Virat Industries Limited to Report Q2, 2025 Results on Nov 09, 2024 Virat Industries Limited announced that they will report Q2, 2025 results on Nov 09, 2024 Annuncio • Sep 26
Virat Industries Limited announced that it expects to receive INR 998.399896 million in funding Virat Industries Ltd announced a private placement to issue 9,599,999 shares at an issue price of INR 104 per share for the gross proceeds of INR 998,399,896 on September 24, 2024. The transaction will include participation from new investor Bhavook Chandraprakash Tripathi. The transaction has been approved by shareholders and is subject to general shareholders to be held on October 19, 2024. Buy Or Sell Opportunity • Sep 24
Now 40% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to ₹225. The fair value is estimated to be ₹160, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. New Risk • Sep 20
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 8.8% 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 Market cap is less than US$10m (₹768.8m market cap, or US$9.20m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Revenue is less than US$5m (₹286m revenue, or US$3.4m). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹0.44 (vs ₹1.09 in 1Q 2024) First quarter 2025 results: EPS: ₹0.44 (down from ₹1.09 in 1Q 2024). Revenue: ₹61.5m (down 38% from 1Q 2024). Net income: ₹2.19m (down 59% from 1Q 2024). Profit margin: 3.6% (down from 5.4% in 1Q 2024). 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 50% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 08
Virat Industries Limited, Annual General Meeting, Sep 05, 2024 Virat Industries Limited, Annual General Meeting, Sep 05, 2024, at 11:00 Indian Standard Time. Annuncio • Aug 02
Virat Industries Limited to Report Q1, 2025 Results on Aug 08, 2024 Virat Industries Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹1.54 (vs ₹3.29 in FY 2023) Full year 2024 results: EPS: ₹1.54 (down from ₹3.29 in FY 2023). Revenue: ₹334.1m (down 11% from FY 2023). Net income: ₹7.59m (down 53% from FY 2023). Profit margin: 2.3% (down from 4.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 07
Virat Industries Limited to Report Q4, 2024 Results on May 24, 2024 Virat Industries Limited announced that they will report Q4, 2024 results on May 24, 2024 Annuncio • Apr 21
Virat Industries Limited Announces Resignation of Pheroze Adi Dhanbhoora as Non-Executive Independent Director Virat Industries Limited announced that Shri. Pheroze Adi Dhanbhoora has resigned as non-executive independent director of the company with effect from 18 April 2024 from close of business hours. Recent Insider Transactions • Mar 26
Whole Time Director recently sold ₹1.6m worth of stock On the 21st of March, Ayesha DadyBurjor sold around 10k shares on-market at roughly ₹160 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹3.2m more than they bought in the last 12 months. Annuncio • Mar 01
Virat Industries Limited Appoints Himanshu Vipul Zinzuwadia as Company Secretary and Compliance Officer The board of directors of Virat Industries Limited at their meeting held on 01st March 2024 has appointed Mr. Himanshu Vipul Zinzuwadia as a company secretary and compliance officer of the company in terms of provisions of Section 203 of the Companies Act, 2013 and Rule made thereunder and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with effect from 01st March 2024. Shri. Himanshu Vipul Zinzuwadia is an associate member of The Institute of Company Secretaries of India. He has knowledge and experience in corporate, legal & secretarial services. Appointment consequent to the vacancy of the Company Secretary of the Company in accordance with the provisions of Section 203 and other applicable provisions of the Companies Act, 2013 and the Rules made thereunder and the applicable provisions of the SEBI (LODR) Regulations, 2015. Reported Earnings • Feb 15
Third quarter 2024 earnings released: ₹0.47 loss per share (vs ₹1.11 profit in 3Q 2023) Third quarter 2024 results: ₹0.47 loss per share (down from ₹1.11 profit in 3Q 2023). Revenue: ₹84.6m (down 40% from 3Q 2023). Net loss: ₹2.37m (down 143% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹812.1m (US$9.78m) 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. This is currently the only risk that has been identified for the company. Annuncio • Jan 29
Virat Industries Limited to Report Q3, 2024 Results on Feb 13, 2024 Virat Industries Limited announced that they will report Q3, 2024 results at 12:15 PM, Indian Standard Time on Feb 13, 2024 Annuncio • Dec 04
Virat Industries Limited Announces Resignation of Naman Bhandari as Company Secretary and Compliance Officer Virat Industries Limited informed that due to personal reasons, Shri. Naman Bhandari has tendered his resignation from the position of Company Secretary, Compliance Officer and Nodal Officer of the Company. The company has accepted his resignation and relieved him from his responsibilitiesw.e.f. From closure of working hours on December 3, 2023. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹0.74 (vs ₹0.91 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.74 (down from ₹0.91 in 2Q 2023). Revenue: ₹83.9m (up 4.3% from 2Q 2023). Net income: ₹3.64m (down 20% from 2Q 2023). Profit margin: 4.3% (down from 5.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: ₹1.09 (vs ₹0.13 in 1Q 2023) First quarter 2024 results: EPS: ₹1.09 (up from ₹0.13 in 1Q 2023). Revenue: ₹98.5m (up 77% from 1Q 2023). Net income: ₹5.32m (up ₹4.58m from 1Q 2023). Profit margin: 5.4% (up from 1.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 11
Virat Industries Limited, Annual General Meeting, Sep 21, 2023 Virat Industries Limited, Annual General Meeting, Sep 21, 2023, at 11:00 Indian Standard Time. Annuncio • Aug 03
Virat Industries Limited to Report Q1, 2024 Results on Aug 10, 2023 Virat Industries Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹3.32 (vs ₹2.75 in FY 2022) Full year 2023 results: EPS: ₹3.32 (up from ₹2.75 in FY 2022). Revenue: ₹384.2m (up 56% from FY 2022). Net income: ₹16.2m (up 20% from FY 2022). Profit margin: 4.2% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹3.32 (vs ₹2.75 in FY 2022) Full year 2023 results: EPS: ₹3.32 (up from ₹2.75 in FY 2022). Revenue: ₹384.2m (up 56% from FY 2022). Net income: ₹16.2m (up 20% from FY 2022). Profit margin: 4.2% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 19
Virat Industries Limited to Report Q4, 2023 Results on May 25, 2023 Virat Industries Limited announced that they will report Q4, 2023 results on May 25, 2023 Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹183, the stock trades at a trailing P/E ratio of 61.4x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 429% over the past three years. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹1.11 (vs ₹0.82 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.11 (up from ₹0.82 in 3Q 2022). Revenue: ₹143.7m (up 102% from 3Q 2022). Net income: ₹5.56m (up 40% from 3Q 2022). Profit margin: 3.9% (down from 5.6% in 3Q 2022). The decrease in margin was driven by higher 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 69% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 01
Virat Industries Limited to Report Q3, 2023 Results on Feb 09, 2023 Virat Industries Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.91 (vs ₹1.22 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.91 (down from ₹1.22 in 2Q 2022). Revenue: ₹80.7m (up 7.8% from 2Q 2022). Net income: ₹4.55m (down 24% from 2Q 2022). Profit margin: 5.6% (down from 8.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. 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. 4 highly experienced directors. Non Executive Independent Director Pheroze Dhanbhoora 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 13
Second quarter 2023 earnings released: EPS: ₹0.91 (vs ₹1.22 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.91 (down from ₹1.22 in 2Q 2022). Revenue: ₹80.7m (up 7.8% from 2Q 2022). Net income: ₹4.55m (down 24% from 2Q 2022). Profit margin: 5.6% (down from 8.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 02
Virat Industries Limited to Report Q2, 2023 Results on Nov 10, 2022 Virat Industries Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Upcoming Dividend • Aug 22
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 08 October 2022. Payout ratio is a comfortable 32% and the cash payout ratio is 78%. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.7%). In line with average of industry peers (0.5%). Reported Earnings • Aug 18
Full year 2022 earnings released: EPS: ₹2.69 (vs ₹1.62 in FY 2021) Full year 2022 results: EPS: ₹2.69 (up from ₹1.62 in FY 2021). Revenue: ₹251.4m (up 28% from FY 2021). Net income: ₹13.5m (up 70% from FY 2021). Profit margin: 5.4% (up from 4.1% 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 1% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 27
Virat Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022 The board of directors of Virat Industries Limited at its meeting held on May 26, 2022, recommended a final dividend of INR 1/- per share for the financial year ended March 31, 2022. 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. 3 experienced directors. 3 highly experienced directors. Non Executive Independent Director Pheroze Dhanbhoora 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 • Mar 17
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹139, the stock trades at a trailing P/E ratio of 74.1x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 17% share price gain to ₹98.00, the stock trades at a trailing P/E ratio of 52.3x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 62% over the past three years. Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: ₹0.82 (down from ₹0.97 in 3Q 2021). Revenue: ₹71.7m (up 8.7% from 3Q 2021). Net income: ₹3.99m (down 15% from 3Q 2021). Profit margin: 5.6% (down from 7.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. 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 11% per year, which means it is well ahead of earnings. Annuncio • Feb 02
Virat Industries Limited to Report Q3, 2022 Results on Feb 10, 2022 Virat Industries Limited announced that they will report Q3, 2022 results on Feb 10, 2022 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 24% share price gain to ₹74.50, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 13x in the Luxury industry in India. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 16% share price gain to ₹66.30, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 12x in the Luxury industry in India. Total loss to shareholders of 24% over the past three years. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹1.22 (vs ₹1.23 in 2Q 2021) The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2022 results: Revenue: ₹75.3m (up 35% from 2Q 2021). Net income: ₹5.96m (flat on 2Q 2021). Profit margin: 7.9% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 44% share price gain to ₹82.50, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 15% share price gain to ₹56.50, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 20% share price gain to ₹50.70, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 15x in the Luxury industry in India. Total loss to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 37% share price gain to ₹50.45, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 20x in the Luxury industry in India. Total loss to shareholders of 61% over the past three years. Executive Departure • May 28
Company Secretary, Compliance Officer & Nodal Officer has left the company On the 20th of May, Tony Gandhi's tenure as Company Secretary, Compliance Officer & Nodal Officer ended after 3.3 years in the role. We don't have any record of a personal shareholding under Tony's name. Tony is the only executive to leave the company over the last 12 months. Reported Earnings • May 22
Full year 2021 earnings released: EPS ₹1.66 (vs ₹3.01 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹202.2m (down 23% from FY 2020). Net income: ₹7.95m (down 46% from FY 2020). Profit margin: 3.9% (down from 5.6% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 35% per year. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 28% share price gain to ₹44.50, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 18x in the Luxury industry in India. Total loss to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹35.00, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 81% over the past three years. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹0.97 (vs ₹0.97 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹68.7m (down 6.7% from 3Q 2020). Net income: ₹4.71m (up 1.0% from 3Q 2020). Profit margin: 6.8% (up from 6.3% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year and the company’s share price has also fallen by 41% per year. Annuncio • Feb 02
Virat Industries Limited to Report Q3, 2021 Results on Feb 11, 2021 Virat Industries Limited announced that they will report Q3, 2021 results on Feb 11, 2021 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 ₹43.85, the stock is trading at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 19x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 76%. Is New 90 Day High Low • Dec 28
New 90-day high: ₹41.75 The company is up 42% from its price of ₹29.35 on 29 September 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: ₹38.70 The company is up 29% from its price of ₹29.90 on 11 September 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 16% share price gain to ₹38.20, the stock is trading at a trailing P/E ratio of 16.9x, up from the previous P/E ratio of 14.6x. This compares to an average P/E of 16x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 79%. Is New 90 Day High Low • Nov 24
New 90-day high: ₹32.45 The company is up 6.0% from its price of ₹30.65 on 26 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 14% over the same period. Annuncio • Aug 04
Virat Industries Limited to Report Q1, 2021 Results on Aug 13, 2020 Virat Industries Limited announced that they will report Q1, 2021 results on Aug 13, 2020 Annuncio • Jun 16
Virat Industries Limited to Report Q4, 2020 Results on Jun 25, 2020 Virat Industries Limited announced that they will report Q4, 2020 results on Jun 25, 2020