Declared Dividend • Aug 12
Dividend of ₹0.60 announced Dividend of ₹0.60 is the same as last year. Ex-date: 21st August 2026 Payment date: 9th September 2026 Dividend yield will be 0.8%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 87% to shift the payout ratio to a potentially unsustainable range, which is more than the 13% EPS decline seen over the last 5 years. Annuncio • Aug 11
United Drilling Tools Limited, Annual General Meeting, Sep 23, 2026 United Drilling Tools Limited, Annual General Meeting, Sep 23, 2026, at 11:30 Indian Standard Time. Reported Earnings • Aug 11
First quarter 2027 earnings released: EPS: ₹2.14 (vs ₹1.45 in 1Q 2026) First quarter 2027 results: EPS: ₹2.14 (up from ₹1.45 in 1Q 2026). Revenue: ₹347.5m (up 9.7% from 1Q 2026). Net income: ₹43.0m (up 46% from 1Q 2026). Profit margin: 12% (up from 9.3% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 03
United Drilling Tools Limited to Report Q1, 2027 Results on Aug 10, 2026 United Drilling Tools Limited announced that they will report Q1, 2027 results on Aug 10, 2026 Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹9.40 (vs ₹7.40 in FY 2025) Full year 2026 results: EPS: ₹9.40 (up from ₹7.40 in FY 2025). Revenue: ₹1.84b (up 9.6% from FY 2025). Net income: ₹189.7m (up 26% from FY 2025). Profit margin: 10% (up from 8.9% in FY 2025). 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 only increased by 1% per year, which means it is significantly lagging earnings growth. Annuncio • May 18
United Drilling Tools Limited to Report Q4, 2026 Results on May 21, 2026 United Drilling Tools Limited announced that they will report Q4, 2026 results on May 21, 2026 New Risk • May 13
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 8.7% 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 Earnings have declined by 30% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹4.36b market cap, or US$45.6m). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹180, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 19x in the Energy Services industry in India. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹152, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 19x in the Energy Services industry in India. Total loss to shareholders of 26% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹2.69 (vs ₹1.31 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.69 (up from ₹1.31 in 3Q 2025). Revenue: ₹511.3m (up 50% from 3Q 2025). Net income: ₹54.7m (up 106% from 3Q 2025). Profit margin: 11% (up from 7.8% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annuncio • Feb 10
United Drilling Tools Limited to Report Q3, 2026 Results on Feb 14, 2026 United Drilling Tools Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹2.83 (vs ₹2.04 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.83 (up from ₹2.04 in 2Q 2025). Revenue: ₹567.9m (up 16% from 2Q 2025). Net income: ₹57.5m (up 39% from 2Q 2025). Profit margin: 10% (up from 8.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Annuncio • Nov 08
United Drilling Tools Limited to Report Q2, 2026 Results on Nov 12, 2025 United Drilling Tools Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Annuncio • Sep 25
United Drilling Tools Limited Appoints Mr. Khitish Kumar Nayak Non-Executive as Independent Director The 43rd Annual General Meeting of United Drilling Tools Limited was held on September 23, 2025. The company appointed Mr. Khitish Kumar Nayak as Non-Executive Independent Director. Upcoming Dividend • Sep 12
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 16 September 2025. Payment date: 23 October 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.5%). Declared Dividend • Aug 14
Dividend of ₹6.00 announced Shareholders will receive a dividend of ₹6.00. Ex-date: 22nd August 2025 Payment date: 11th September 2025 Dividend yield will be 3.2%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 80% to shift the payout ratio to a potentially unsustainable range, which is more than the 20% EPS decline seen over the last 5 years. Annuncio • Aug 13
United Drilling Tools Limited, Annual General Meeting, Sep 23, 2025 United Drilling Tools Limited, Annual General Meeting, Sep 23, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹1.45 (vs ₹2.14 in 1Q 2025) First quarter 2026 results: EPS: ₹1.45 (down from ₹2.14 in 1Q 2025). Revenue: ₹319.9m (down 42% from 1Q 2025). Net income: ₹29.6m (down 32% from 1Q 2025). Profit margin: 9.2% (up from 7.9% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Annuncio • Aug 09
United Drilling Tools Limited to Report Q1, 2026 Results on Aug 12, 2025 United Drilling Tools Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jun 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. 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 (7.9% average weekly change). Market cap is less than US$100m (₹4.47b market cap, or US$51.7m). Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹244, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 22x in the Energy Services industry in India. Total loss to shareholders of 34% over the past three years. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹7.38 (vs ₹4.62 in FY 2024) Full year 2025 results: EPS: ₹7.38 (up from ₹4.62 in FY 2024). Revenue: ₹1.70b (up 31% from FY 2024). Net income: ₹150.3m (up 60% from FY 2024). Profit margin: 8.8% (up from 7.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Annuncio • May 29
United Drilling Tools Limited Recommends Final Dividend for the Financial Year 2024-25 United Drilling Tools Limited recommend final dividend of INR 0.60/- (i.e. 6%) per equity shares of face value of INR 10/- each for the Financial Year 2024-25, subject to the approval of the shareholders in the ensuing Annual General Meeting ("AGM") of the Company. Annuncio • May 22
United Drilling Tools Limited to Report Q4, 2025 Results on May 29, 2025 United Drilling Tools Limited announced that they will report Q4, 2025 results on May 29, 2025 Declared Dividend • Feb 10
Dividend of ₹0.60 announced Dividend of ₹0.60 is the same as last year. Ex-date: 18th February 2025 Payment date: 9th March 2025 Dividend yield will be 0.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 72% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹1.31 (vs ₹1.19 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.31 (up from ₹1.19 in 3Q 2024). Revenue: ₹340.4m (down 9.6% from 3Q 2024). Net income: ₹26.5m (up 9.2% from 3Q 2024). Profit margin: 7.8% (up from 6.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Annuncio • Jan 31
United Drilling Tools Limited to Report Q3, 2025 Results on Feb 07, 2025 United Drilling Tools Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹2.04 (vs ₹1.43 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.04 (up from ₹1.43 in 2Q 2024). Revenue: ₹489.3m (up 52% from 2Q 2024). Net income: ₹41.4m (up 42% from 2Q 2024). Profit margin: 8.5% (down from 9.1% 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 61% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Annuncio • Nov 09
United Drilling Tools Limited to Report Q2, 2025 Results on Nov 12, 2024 United Drilling Tools Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Declared Dividend • Aug 15
Dividend of ₹1.20 announced Dividend of ₹1.20 is the same as last year. Ex-date: 27th August 2024 Payment date: 25th October 2024 Dividend yield will be 0.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 78% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years. Annuncio • Aug 14
United Drilling Tools Limited, Annual General Meeting, Sep 25, 2024 United Drilling Tools Limited, Annual General Meeting, Sep 25, 2024, at 11:30 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹2.14 (vs ₹0.74 in 1Q 2024) First quarter 2025 results: EPS: ₹2.14 (up from ₹0.74 in 1Q 2024). Revenue: ₹546.6m (up 208% from 1Q 2024). Net income: ₹43.4m (up 184% from 1Q 2024). Profit margin: 7.9% (down from 8.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annuncio • Aug 06
United Drilling Tools Limited to Report Q1, 2025 Results on Aug 13, 2024 United Drilling Tools Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Board Change • Jul 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. 3 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Ved Mahawar was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹4.63 (vs ₹5.06 in FY 2023) Full year 2024 results: EPS: ₹4.63 (down from ₹5.06 in FY 2023). Revenue: ₹1.31b (up 8.6% from FY 2023). Net income: ₹93.8m (down 8.7% from FY 2023). Profit margin: 7.2% (down from 8.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annuncio • May 25
United Drilling Tools Limited Recommends Final Dividend for the Financial Year 2023-2024 United Drilling Tools Limited announced that at the board meeting held on May 24, 2024 recommend final dividend of INR 0.60/- (i.e. 6%) per equity shares of face value of INR 10/- each for the Financial Year 2023-2024, subject to the approval of the shareholders in the upcoming Annual General Meeting of the Company. Annuncio • May 19
United Drilling Tools Limited to Report Q4, 2024 Results on May 24, 2024 United Drilling Tools Limited announced that they will report Q4, 2024 results on May 24, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹220, the stock trades at a trailing P/E ratio of 49.1x. Average trailing P/E is 28x in the Energy Services industry in India. Total loss to shareholders of 11% over the past three years. Upcoming Dividend • Feb 16
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 23 February 2024. Payment date: 10 March 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.4%). Declared Dividend • Feb 11
Dividend of ₹0.60 announced Dividend of ₹0.60 is the same as last year. Ex-date: 23rd February 2024 Payment date: 10th March 2024 Dividend yield will be 0.6%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 85% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹1.19 (vs ₹1.02 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.19 (up from ₹1.02 in 3Q 2023). Revenue: ₹376.6m (up 42% from 3Q 2023). Net income: ₹24.3m (up 17% from 3Q 2023). Profit margin: 6.4% (down from 7.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • Feb 03
United Drilling Tools Limited to Report Q3, 2024 Results on Feb 09, 2024 United Drilling Tools Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹270, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 29x in the Energy Services industry in India. Total returns to shareholders of 2.4% over the past three years. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹238, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 21x in the Energy Services industry in India. Total loss to shareholders of 2.5% over the past three years. Annuncio • Nov 05
United Drilling Tools Limited to Report Q2, 2024 Results on Nov 10, 2023 United Drilling Tools Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Annuncio • Sep 27
United Drilling Tools Limited Approves Two Interim Dividend(s) and Final Dividend for the Fiscal Year Ended March 31, 2023 United Drilling Tools Limited at its AGM held on 26 September 2023 announced Two Interim Dividend(s) and also a Final Dividend of INR 0.60 per Equity Share to the eligible Shareholders /Members, aggregating to INR 1.80/- only per equity share of INR 10/- each fully paid-up for the Fiscal Year ended March 31, 2023. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹258, the stock trades at a trailing P/E ratio of 60.4x. Average trailing P/E is 18x in the Energy Services industry in India. Total loss to shareholders of 31% over the past year. Upcoming Dividend • Aug 18
Upcoming dividend of ₹1.20 per share at 0.8% yield Eligible shareholders must have bought the stock before 25 August 2023. Payment date: 26 October 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.6%). Annuncio • Aug 17
United Drilling Tools Limited Approves Appointment of Anand Kumar Mishra as Company Secretary United Drilling Tools Limited announced at board meeting held on August 14, 2023, approved appointment of Mr. Anand Kumar Mishra as Company Secretary of the Company (Membership No. FCS - 7207) designated as Key Managerial Personnel, pursuant to the provisions of section 203 of the Companies Act, 2013 and Compliance Officer under Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Anand Kumar Mishra is an Fellow member of the Institute of Company Secretaries of India and a Law Graduate. He has over 15 years of experience in dealing with Secretarial Compliances of Listed and Unlisted Companies. New Risk • Aug 16
New major risk - Revenue and earnings growth Earnings have declined by 2.7% 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 Risk Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.6% net profit margin). Market cap is less than US$100m (₹4.37b market cap, or US$52.5m). Annuncio • Aug 15
United Drilling Tools Limited, Annual General Meeting, Sep 26, 2023 United Drilling Tools Limited, Annual General Meeting, Sep 26, 2023, at 11:30 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹0.74 (vs ₹1.55 in 1Q 2023) First quarter 2024 results: EPS: ₹0.74 (down from ₹1.55 in 1Q 2023). Revenue: ₹177.3m (down 52% from 1Q 2023). Net income: ₹15.3m (down 52% from 1Q 2023). Profit margin: 8.6% (in line with 1Q 2023). Annuncio • Aug 06
United Drilling Tools Limited to Report Q1, 2024 Results on Aug 14, 2023 United Drilling Tools Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹5.03 (vs ₹24.64 in FY 2022) Full year 2023 results: EPS: ₹5.03 (down from ₹24.64 in FY 2022). Revenue: ₹1.20b (down 32% from FY 2022). Net income: ₹102.7m (down 80% from FY 2022). Profit margin: 8.6% (down from 29% in FY 2022). The decrease in margin was driven by lower revenue. Annuncio • May 30
United Drilling Tools Limited Recommends Final Dividend for the Financial Year 2022-23 United Drilling Tools Limited announced that at the board meeting held on May 29, 2023, the company recommend final dividend of INR 0.60/- (i.e. 6%) per equity shares of face value of INR 10/- each for the Financial Year 2022-23, subject to the approval of the shareholders in the up coming Annual General Meeting ("AGM"). Annuncio • May 22
United Drilling Tools Limited to Report Q4, 2023 Results on May 29, 2023 United Drilling Tools Limited announced that they will report Q4, 2023 results on May 29, 2023 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹224, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 14x in the Energy Services industry in India. Total loss to shareholders of 58% over the past year. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹1.02 (vs ₹4.36 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.02 (down from ₹4.36 in 3Q 2022). Revenue: ₹266.7m (down 49% from 3Q 2022). Net income: ₹20.8m (down 84% from 3Q 2022). Profit margin: 7.8% (down from 25% in 3Q 2022). The decrease in margin was driven by lower revenue. Annuncio • Feb 12
United Drilling Tools Limited Appoints Manoj Kumar Arora as Chief Financial Officer United Drilling Tools Limited announced that at its board meeting held on February 11, 2023, approved the appointment of Mr. Manoj Kumar Arora as Chief Financial Officer (CFO) of the Company with effect from February 11, 2023. Date of Birth is July 02, 1974. Educational Qualification: Chartered Accountant, B.Com (H) from Delhi University, New Delhi. Experience: 23 years in Finance, Accounts, Taxation and auditing in India and abroad in multicultural environment. Annuncio • Feb 05
United Drilling Tools Limited to Report Q3, 2023 Results on Feb 11, 2023 United Drilling Tools Limited announced that they will report Q3, 2023 results on Feb 11, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹1.09 (vs ₹5.15 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.09 (down from ₹5.15 in 2Q 2022). Revenue: ₹343.9m (down 32% from 2Q 2022). Net income: ₹22.1m (down 86% from 2Q 2022). Profit margin: 6.4% (down from 31% in 2Q 2022). The decrease in margin was driven by lower revenue. Upcoming Dividend • Sep 08
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 26 October 2022. Payout ratio is a comfortable 11% but the company is paying out more than the cash it is generating. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.9%). Upcoming Dividend • Aug 18
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 12 September 2022. Payout ratio is a comfortable 8.1% but the company is paying out more than the cash it is generating. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (1.0%). Reported Earnings • Aug 17
First quarter 2023 earnings released: EPS: ₹1.55 (vs ₹7.02 in 1Q 2022) First quarter 2023 results: EPS: ₹1.55 (down from ₹7.02 in 1Q 2022). Revenue: ₹374.8m (up 18% from 1Q 2022). Net income: ₹31.5m (down 78% from 1Q 2022). Profit margin: 8.4% (down from 45% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹23.94 (vs ₹16.11 in FY 2021) Full year 2022 results: EPS: ₹23.94 (up from ₹16.11 in FY 2021). Revenue: ₹1.75b (up 22% from FY 2021). Net income: ₹500.3m (up 53% from FY 2021). Profit margin: 29% (up from 23% in FY 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹418, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 12x in the Energy Services industry in India. Total returns to shareholders of 42% over the past year. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹4.36 (down from ₹5.94 in 3Q 2021). Revenue: ₹527.5m (up 66% from 3Q 2021). Net income: ₹131.0m (up 8.5% from 3Q 2021). Profit margin: 25% (down from 38% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 20% share price gain to ₹461, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 16x in the Energy Services industry in India. Total returns to shareholders of 71% over the past year. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹5.15 (vs ₹4.50 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹508.9m (up 40% from 2Q 2021). Net income: ₹154.5m (up 69% from 2Q 2021). Profit margin: 30% (up from 25% in 2Q 2021). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 13
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 20 September 2021. Payment date: 14 October 2021. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.3%). Board Change • Jul 31
High number of new directors Independent Director Ved Mahawar was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 25
First quarter 2022 earnings released: EPS ₹7.02 (vs ₹3.59 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹323.3m (up 16% from 1Q 2021). Net income: ₹142.6m (up 95% from 1Q 2021). Profit margin: 44% (up from 26% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 15% share price gain to ₹382, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 27x in the Energy Services industry in India. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS ₹16.09 (vs ₹22.27 in FY 2020) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹1.47b (up 31% from FY 2020). Net income: ₹327.0m (down 28% from FY 2020). Profit margin: 22% (down from 41% in FY 2020). The decrease in margin was driven by higher expenses. Executive Departure • Jun 25
Chief Financial Officer Arun Thakur has left the company On the 17th of June, Arun Thakur's tenure as Chief Financial Officer ended after 5.9 years in the role. We don't have any record of a personal shareholding under Arun's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 8.83 years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₹366, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 25x in the Energy Services industry in India. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 16% share price gain to ₹341, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 24x in the Energy Services industry in India. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 31% share price gain to ₹333, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 21x in the Energy Services industry in India. Executive Departure • Mar 19
Independent Woman Director has left the company On the 15th of March, Twinkle Singh's tenure as Independent Woman Director ended after 3.8 years in the role. We don't have any record of a personal shareholding under Twinkle's name. Twinkle is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Mar 08
New 90-day low: ₹251 The company is down 5.0% from its price of ₹264 on 08 December 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 15% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹5.94 (vs ₹6.68 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹326.7m (down 1.7% from 3Q 2020). Net income: ₹120.7m (down 11% from 3Q 2020). Profit margin: 37% (down from 41% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Is New 90 Day High Low • Jan 12
New 90-day high: ₹328 The company is up 28% from its price of ₹256 on 14 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 12% over the same period. 
