New Risk • Jun 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 9.8% 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 Risks Interest payments are not well covered by earnings (0.07x net interest cover). Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (₹1.82b market cap, or US$19.0m). New Risk • May 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings have declined by 45% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹1.59b market cap, or US$16.6m). Reported Earnings • May 23
Full year 2026 earnings released: ₹0.55 loss per share (vs ₹5.94 profit in FY 2025) Full year 2026 results: ₹0.55 loss per share (down from ₹5.94 profit in FY 2025). Revenue: ₹3.73b (up 7.6% from FY 2025). Net loss: ₹4.39m (down 109% from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • May 13
AksharChem (India) Limited to Report Q4, 2026 Results on May 21, 2026 AksharChem (India) Limited announced that they will report Q4, 2026 results on May 21, 2026 Buy Or Sell Opportunity • May 06
Now 21% overvalued Over the last 90 days, the stock has fallen 4.6% to ₹212. The fair value is estimated to be ₹175, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 17
Now 24% overvalued Over the last 90 days, the stock has fallen 8.4% to ₹206. The fair value is estimated to be ₹166, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jan 29
Third quarter 2026 earnings released: ₹5.75 loss per share (vs ₹1.48 profit in 3Q 2025) Third quarter 2026 results: ₹5.75 loss per share (down from ₹1.48 profit in 3Q 2025). Revenue: ₹804.2m (down 11% from 3Q 2025). Net loss: ₹46.2m (down 488% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annuncio • Jan 20
AksharChem (India) Limited to Report Q3, 2026 Results on Jan 28, 2026 AksharChem (India) Limited announced that they will report Q3, 2026 results on Jan 28, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: ₹1.70 loss per share (vs ₹1.30 profit in 2Q 2025) Second quarter 2026 results: ₹1.70 loss per share (down from ₹1.30 profit in 2Q 2025). Revenue: ₹893.4m (up 13% from 2Q 2025). Net loss: ₹13.7m (down 232% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Nov 04
AksharChem (India) Limited to Report Q2, 2026 Results on Nov 12, 2025 AksharChem (India) Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Upcoming Dividend • Aug 28
Upcoming dividend of ₹0.75 per share Eligible shareholders must have bought the stock before 04 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Annuncio • Aug 22
AksharChem (India) Limited, Annual General Meeting, Sep 15, 2025 AksharChem (India) Limited, Annual General Meeting, Sep 15, 2025, at 12:00 Indian Standard Time. Location: akshar house,chhatral kadi road, indrad,mehsana-382715,gujarat, mehsana India Reported Earnings • Jul 26
First quarter 2026 earnings released: EPS: ₹0.89 (vs ₹1.43 in 1Q 2025) First quarter 2026 results: EPS: ₹0.89 (down from ₹1.43 in 1Q 2025). Revenue: ₹970.0m (up 13% from 1Q 2025). Net income: ₹7.11m (down 38% from 1Q 2025). Profit margin: 0.7% (down from 1.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Jul 17
AksharChem (India) Limited to Report Q1, 2026 Results on Jul 25, 2025 AksharChem (India) Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Jul 25, 2025 Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹295, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 8.8% over the past three years. New Risk • May 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹2.12b market cap, or US$24.9m). Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹5.94 (vs ₹23.25 loss in FY 2024) Full year 2025 results: EPS: ₹5.94 (up from ₹23.25 loss in FY 2024). Revenue: ₹3.47b (up 15% from FY 2024). Net income: ₹47.7m (up ₹234.5m from FY 2024). Profit margin: 1.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Annuncio • May 12
AksharChem (India) Limited to Report Q4, 2025 Results on May 21, 2025 AksharChem (India) Limited announced that they will report Q4, 2025 results on May 21, 2025 Annuncio • Feb 10
AksharChem (India) Limited Appoints Amit D. Soni as Chief Financial Officer AksharChem (India) Limited at its board meeting held on February 10, 2025 approved appointment of Mr. Amit D. Soni, as Chief Financial Officer & Key Managerial Personnel of the Company effective from February 10, 2025. Mr. Amit D. Soni, is a qualified Bachelor of Commerce and Associate Chartered Accountant from the Institute of Chartered Accountants of India. He is having more than 20 years of extensive and rich Industrial experience in the field of Finance, Banking, Budget, Taxation, Subsidiary management, Treasury Management and MIS Reporting. He is vested with good IT skills relating to SAP System and MIS reporting. His great knowledge and vast experience in Finance and Accounting will be very valuable for the Company. He is responsible to duly observe the compliances of all Financial, Risk and Vendor Management matters, activities relating to EXIM, FOREX management and Investor Relations, Cost Control and Forecasting in the company, and other Compliances, rules and regulations as maybe applicable to the Company from time to time. Annuncio • Feb 01
AksharChem (India) Limited to Report Q3, 2025 Results on Feb 10, 2025 AksharChem (India) Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Annuncio • Dec 27
AksharChem (India) Limited Announces Resignation of Gokul M. Jaykrishna as Non-Executive Non-Independent Director AksharChem (India) Limited announced the resignation of Mr. Gokul M. Jaykrishna as Non-Executive Non-Independent Director of the Company with effect from closure of business hours on 27th December, 2024. Due to pre- occupation and other professional commitments. Directorship in Listed Companies: 1. Asahi Songwon Colors Limited (Joint Managing Director & CEO). 2. The ANUP Engineering Limited (Independent Director). Committee Position: 1. The ANUP Engineering Limited Audit Committee (Member). Nomination and Remuneration Committee (Member). Stakeholders Relationship Committee (Member). Corporate Social Responsibility Committee (Member). Annuncio • Nov 22
AksharChem (India) Limited Announces Resignation of Hardik S. Shah as Chief Financial Officer, effective December 2, 2024 AksharChem (India) Limited announced that Mr. Hardik S. Shah, has resigned from the post of Chief Financial Officer (`CFO') of the Company with effect from closure of business hours on 2nd December, 2024. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹1.30 (vs ₹9.47 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹1.30 (up from ₹9.47 loss in 2Q 2024). Revenue: ₹791.5m (up 8.0% from 2Q 2024). Net income: ₹10.4m (up ₹86.5m from 2Q 2024). Profit margin: 1.3% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Annuncio • Oct 25
AksharChem (India) Limited to Report Q2, 2025 Results on Nov 12, 2024 AksharChem (India) Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Annuncio • Oct 01
Aksharchem (India) Limited Announces Board Changes AksharChem (India) Limited at its AGM held on September 30, 2024 appointed Nirav K. Shah, Sameer S. Sinha and Keyur D. Gandhi as an Independent Director; Sachin M. Jaykrishna as a Director; Sachin M. Jaykrishna as Whole Time Director (Executive Director). Annuncio • Sep 13
AksharChem (India) Limited, Annual General Meeting, Sep 30, 2024 AksharChem (India) Limited, Annual General Meeting, Sep 30, 2024, at 10:30 Indian Standard Time. Location: akshar house,chhatral kadi road, indrad,mehsana-382715,gujarat, mehsana India Declared Dividend • Sep 11
Dividend of ₹0.50 announced Dividend of ₹0.50 is the same as last year. Ex-date: 23rd September 2024 Payment date: 30th October 2024 Dividend yield will be 0.1%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: ₹1.43 (vs ₹6.70 loss in 1Q 2024) First quarter 2025 results: EPS: ₹1.43 (up from ₹6.70 loss in 1Q 2024). Revenue: ₹859.7m (up 20% from 1Q 2024). Net income: ₹11.5m (up ₹65.3m from 1Q 2024). Profit margin: 1.3% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Board Change • Aug 03
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. 5 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Maitri Mehta was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Aug 02
AksharChem (India) Limited Announces Board and Committee Changes AksharChem (India) Limited at its board meeting held on August 2, 2024 announced that Mr. Gautam Mithalal Jain (DIN: 00160167) and Dr. Pradeepbhai Jasubhai Jha (DIN: 01539732) has ceased to be Independent Directors of the Company, w.e.f. close of business hours on 11th August, 2024, consequent to end of their second and final term of five years as an Independent Directors of the Company. Consequent to the cessation, they also cease to be a member/chairman, if any of various statutory committees of the Company. The Board and Management placed on record their appreciation for the valuable contributions and guidance provided during their tenure on the Board of the Company. the Board has approved the re-constitution of committees with effect from 12th August, 2024: Audit Committee: Mr. Nirav K. Shah, (Chairman), Mr. Jigar Patel, (Member) and Ms. Maitri K. Mehta, (Member). Nomination and Remuneration Committee: Mr. Nirav K. Shah, (Chairman), Mr. Jigar Patel, (Member) and Ms. Maitri K. Mehta, (Member). Stakeholders Relationship Committee: Mr. Nirav K. Shah, (Chairman), Mr. Jigar Patel, (Member) and Ms. Maitri K. Mehta, (Member). Corporate Social Responsibility Committee: Mrs. Paru M. Jaykrishna, (Chairperson), Ms. Maitri K. Mehta, (Member) and Ms. Nirav K. Shah, (Member). Annuncio • Jul 25
AksharChem (India) Limited to Report Q1, 2025 Results on Aug 02, 2024 AksharChem (India) Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Annuncio • May 31
Aksharchem (India) Limited Recommends Dividend for the Financial Year 2023-2024 AksharChem (India) Limited Recommended a Final Dividend of INR 0.50/- per equity share of face value of INR 10/- each (i.e. 5%) for the financial year 2023-2024, subject To Approve the members of the Company in ensuing Annual General Meeting (AGM). The said dividend, if declared by the members at AGM, will be credited/dispatched within 30 days from the date of AGM. Annuncio • May 23
AksharChem (India) Limited to Report Q4, 2024 Results on May 29, 2024 AksharChem (India) Limited announced that they will report Q4, 2024 results on May 29, 2024 Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: ₹0.41 (vs ₹1.77 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.41 (up from ₹1.77 loss in 3Q 2023). Revenue: ₹755.6m (up 16% from 3Q 2023). Net income: ₹3.26m (up ₹17.5m from 3Q 2023). Profit margin: 0.4% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Annuncio • Jan 30
AksharChem (India) Limited Appoints Mehul C. Naliyadhara as Company Secretary & Compliance Officer AksharChem (India) Limited announced that at the board meeting held on January 30, 2024 on the recommendation of NRC, appointment of Mr. Mehul C. Naliyadhara as Company Secretary & Compliance Officer (KMP) of the Company effective from January 30, 2024. Mr. Mehul Naliyadhara, is an Associate member of the Institute of Company Secretaries of India (ICSI) with B.com. (H). He has worked in different domains and with various companies including listed and unlisted companies. He has rich experience of over 10 years in the field of secretarial and legal matters, listing compliances, corporate governance, CSR and exposure of dealing with various Govt./Semi Govt. authorities. Annuncio • Jan 23
AksharChem (India) Limited to Report Q3, 2024 Results on Jan 30, 2024 AksharChem (India) Limited announced that they will report Q3, 2024 results on Jan 30, 2024 Annuncio • Nov 09
Aksharchem (India) Limited Announces Resignation of Meet Joshi as Company Secretary & Compliance Officer, Effective November 17, 2023 AksharChem (India) Limited announced that Mr. Meet Joshi has resigned from the position of Company Secretary and Compliance Officer due to personal reasons. From the closure of Business hours of November 17, 2023. Reported Earnings • Nov 08
Second quarter 2024 earnings released: ₹9.47 loss per share (vs ₹1.22 profit in 2Q 2023) Second quarter 2024 results: ₹9.47 loss per share (down from ₹1.22 profit in 2Q 2023). Revenue: ₹733.2m (down 19% from 2Q 2023). Net loss: ₹76.0m (down ₹85.9m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 13
Upcoming dividend of ₹0.50 per share at 0.2% yield Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 27 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.8%). Annuncio • Sep 05
AksharChem (India) Limited, Annual General Meeting, Sep 27, 2023 AksharChem (India) Limited, Annual General Meeting, Sep 27, 2023, at 12:00 Indian Standard Time. Location: at Akshar House, Chhatral Kadi Road, Indrad, Mehasana Gujarat India Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon; to declare a final dividend on Equity Shares of the Company for the financial year 2022-23; to appoint a director in place of Mr. Munjal M. Jaykrishna, liable to retire by rotation and being eligible, offers himself for re-appointment; and to consider other matters. Reported Earnings • Aug 11
First quarter 2024 earnings released: ₹6.70 loss per share (vs ₹1.82 profit in 1Q 2023) First quarter 2024 results: ₹6.70 loss per share (down from ₹1.82 profit in 1Q 2023). Revenue: ₹717.2m (down 37% from 1Q 2023). Net loss: ₹53.8m (down 468% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Aug 03
AksharChem (India) Limited to Report Q1, 2024 Results on Aug 10, 2023 AksharChem (India) Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • Jun 01
Full year 2023 earnings released: ₹1.17 loss per share (vs ₹19.50 profit in FY 2022) Full year 2023 results: ₹1.17 loss per share (down from ₹19.50 profit in FY 2022). Revenue: ₹3.35b (down 12% from FY 2022). Net loss: ₹9.42m (down 106% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • May 31
AksharChem (India) Limited Recommends Final Dividend for the Financial Year 2022-23 AksharChem (India) Limited at its board meeting held on May 30, 2023 Recommended a Final Dividend of INR 0.50 per equity share (5%) of face value of INR 10/- per equity shares for the financial year 2022-23, subject to approval of members of the Company at the upcoming Annual General Meeting. Annuncio • May 20
AksharChem (India) Limited to Report Q4, 2023 Results on May 30, 2023 AksharChem (India) Limited announced that they will report Q4, 2023 results on May 30, 2023 Board Change • May 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. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Maitri Mehta was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 17
AksharChem (India) Limited Resumes the Production of H Acid Plant At Village Indrad, Mehsana AksharChem (India) Limited resumed the production of H Acid Plant at Village Indrad, District: Mehsana. Annuncio • Feb 01
AksharChem (India) Limited to Report Q3, 2023 Results on Feb 09, 2023 AksharChem (India) Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Annuncio • Jan 03
AksharChem (India) Limited Resumes the Production of Vinyl Sulphone Plant at Village Indrad, Dist: Mehsana AksharChem (India) Limited announced that it has resumed the production after shutdown of Vinyl Sulphone Plant at Village Indrad, Dist: Mehsana. Annuncio • Nov 24
Aksharchem (India) Limited Informs Stoppage of Production of Vinyl Sulphone At Village Indrad, Dist: Mehsana AksharChem (India) Limited informed that the VS plant is due for maintenance since last maintenance was taken five years before. Considering above and also ongoing prevailing adverse market condition in the recent months the Company has decided to take planned maintenance and stop the production of VS with immediate effect. However dispatch operations of the Company remain "as usual" and foresee that in near future the market conditions will become favorable and the production of VS get resumed. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹1.22 (vs ₹3.86 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.22 (down from ₹3.86 in 2Q 2022). Revenue: ₹905.4m (up 9.4% from 2Q 2022). Net income: ₹9.82m (down 69% from 2Q 2022). Profit margin: 1.1% (down from 3.8% in 2Q 2022). 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 15% per year, which means it is well ahead of earnings. 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. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Maitri Mehta was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Nov 05
AksharChem (India) Limited to Report Q2, 2023 Results on Nov 11, 2022 AksharChem (India) Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 13
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 3.2% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.7%). Annuncio • Sep 07
AksharChem (India) Limited, Annual General Meeting, Sep 28, 2022 AksharChem (India) Limited, Annual General Meeting, Sep 28, 2022, at 11:00 Indian Standard Time. Location: the Registered Office of the Company at Akshar House Chhatral Kadi Road, Indrad, Mehsana Gujarat India Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31 , 2022 and the Reports of the Board of Directors and Auditors; to declare a final dividend on Equity Shares of the Company for the financial year 2021-22; to appoint a director in place of Mr. Ashok D. Barot liable to retire by rotation and being eligible, offers himself for re-appointment; and to consider other matters. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 34% share price gain to ₹373, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 100% over the past three years. Board Change • Aug 24
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. 4 highly experienced directors. Independent Non-Executive Director Maitri Mehta was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • May 25
AksharChem (India) Limited Announces Stoppage of Production of H-Acid at Village Indrad, Dist: Mehsana AksharChem (India) Limited announced that H-Acid plant of the Company witnessed adverse economic condition in the recent months. Therefore, it has been decided to stop the production of H-Acid plant for indefinite period with immediate effect. The above decision has been taken after consideration of optimizing working capital usage of the Company as well as the commercial viability of the product especially in the recent situation in which textile companies are facing record high cotton price which has lowered the demand for dyes. However, the Company may start revival of the H-Acid production as and when prevailing market condition improves. Reported Earnings • May 21
Full year 2022 earnings released: EPS: ₹19.50 (vs ₹15.24 in FY 2021) Full year 2022 results: EPS: ₹19.50 (up from ₹15.24 in FY 2021). Revenue: ₹3.81b (up 55% from FY 2021). Net income: ₹159.1m (up 27% from FY 2021). Profit margin: 4.2% (down from 5.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. 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. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Maitri Mehta was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 15% share price gain to ₹402, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 29% over the past three years. Board Change • Apr 02
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. 4 highly experienced directors. Independent Non-Executive Director Maitri Mehta was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
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. 4 highly experienced directors. Independent Non-Executive Director Maitri Mehta was the last director to join the board, commencing their role in 2019. 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 • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹334, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 14% over the past three years. Reported Earnings • Jan 26
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹6.38 (up from ₹4.08 in 3Q 2021). Revenue: ₹898.7m (up 34% from 3Q 2021). Net income: ₹52.3m (up 56% from 3Q 2021). Profit margin: 5.8% (up from 5.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Nov 02
Second quarter 2022 earnings released: EPS ₹3.86 (vs ₹1.61 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹830.6m (up 66% from 2Q 2021). Net income: ₹31.7m (up 139% from 2Q 2021). Profit margin: 3.8% (up from 2.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annuncio • Jul 25
AksharChem (India) Limited Announce Resumption of Production After Shutdown of H-Acid Plant AksharChem (India) Limited announced that the Company has resumed the production as per the schedule, after a planned shutdown of H-Acid Plant at Village lndrad, Dist: Mehsana, which was carried out for repairs and maintenance. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 18% share price gain to ₹406, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 20% over the past three years. Reported Earnings • Jun 12
Full year 2021 earnings released: EPS ₹15.24 (vs ₹19.17 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.48b (down 4.8% from FY 2020). Net income: ₹125.0m (down 21% from FY 2020). Profit margin: 5.0% (down from 6.0% 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 36% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 23% share price gain to ₹364, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 21x in the Chemicals industry in India. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improved over the past week After last week's 16% share price gain to ₹300, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 19x in the Chemicals industry in India. Total loss to shareholders of 48% over the past three years. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹4.08 (vs ₹2.66 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹669.3m (up 20% from 3Q 2020). Net income: ₹33.5m (up 53% from 3Q 2020). Profit margin: 5.0% (up from 3.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Annuncio • Feb 03
AksharChem (India) Limited to Report Q3, 2021 Results on Feb 12, 2021 AksharChem (India) Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Jan 01
New 90-day high: ₹264 The company is up 18% from its price of ₹224 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ₹246 The company is up 4.0% from its price of ₹238 on 15 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 12
New 90-day low: ₹201 The company is down 11% from its price of ₹226 on 14 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 12
New 90-day low: ₹207 The company is down 11% from its price of ₹234 on 14 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. Annuncio • Sep 13
AksharChem (India) Limited to Report Q1, 2021 Results on Aug 14, 2020 AksharChem (India) Limited announced that they will report Q1, 2021 results on Aug 14, 2020 Annuncio • Jun 28
AksharChem (India) Limited to Report Q4, 2020 Results on Jun 30, 2020 AksharChem (India) Limited announced that they will report Q4, 2020 results on Jun 30, 2020 