Board Change • Dec 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive & Independent Director Satish Heda was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 11
Shiva Granito Export Limited to Report First Half, 2026 Results on Nov 14, 2025 Shiva Granito Export Limited announced that they will report first half, 2026 results on Nov 14, 2025 Reported Earnings • Sep 12
Full year 2025 earnings released: EPS: ₹0.02 (vs ₹0.63 in FY 2024) Full year 2025 results: EPS: ₹0.02 (down from ₹0.63 in FY 2024). Revenue: ₹86.1m (up 58% from FY 2024). Net income: ₹248.7k (down 97% from FY 2024). Profit margin: 0.3% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Sep 10
Shiva Granito Export Limited, Annual General Meeting, Sep 30, 2025 Shiva Granito Export Limited, Annual General Meeting, Sep 30, 2025, at 11:30 Indian Standard Time. Location: 8, bhatt ji ki baari, udaipur, rajasthan, india, 313001, rajasthan India Board Change • Aug 14
Less than half of directors are independent 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. No highly experienced directors. 1 independent director (2 non-independent directors). Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jun 28
Full year 2025 earnings released: EPS: ₹0.02 (vs ₹0.63 in FY 2024) Full year 2025 results: EPS: ₹0.02 (down from ₹0.63 in FY 2024). Revenue: ₹86.0m (up 58% from FY 2024). Net income: ₹248.0k (down 97% from FY 2024). Profit margin: 0.3% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Annuncio • Jun 14
Shiva Granito Export Limited to Report Second Half, 2025 Results on Jun 23, 2025 Shiva Granito Export Limited announced that they will report second half, 2025 results on Jun 23, 2025 New Risk • Jun 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m (₹63m revenue, or US$742k). Market cap is less than US$10m (₹279.8m market cap, or US$3.27m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹19.25, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 39x in the Basic Materials industry in India. Board Change • May 19
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. No highly experienced directors. MD & Director Abhinav Upadhyay 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. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹22.55, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 34x in the Basic Materials industry in India. Total returns to shareholders of 717% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹19.05, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 34x in the Basic Materials industry in India. Total returns to shareholders of 236% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹19.00, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 38x in the Basic Materials industry in India. Total returns to shareholders of 922% over the past three years. Annuncio • Nov 09
Shiva Granito Export Limited to Report Q2, 2025 Results on Nov 15, 2024 Shiva Granito Export Limited announced that they will report Q2, 2025 results on Nov 15, 2024 Annuncio • Oct 12
Shiva Granito Export Limited announced that it expects to receive INR 43.5 million in funding Shiva Granito Export Limited announced a private placement that it will issue up to 11,600,000 convertible warrants at an issue price of INR 3.75 per warrant for the gross proceeds of up to INR 43,500,000 on October 10, 2024. The transaction will include participation from Neel Kamal for 900,000 warrants; Brand Avenue Media Private Limited; Hojjasi India Private Limited; Grid Trading Private Limited each for 300,000 warrants; Jash Thakkar for 170,000 warrants and others. The transaction has been approved by the board of directors of the company. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₹18.50, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 30x in the Basic Materials industry in India. Total returns to shareholders of 900% over the past three years. Annuncio • Sep 06
Shiva Granito Export Limited, Annual General Meeting, Sep 30, 2024 Shiva Granito Export Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time. Location: 8, bhatt ji ki baari, udaipur-313001, rajasthan, udaipur India Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. MD & Director Abhinav Upadhyay 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. Recent Insider Transactions • Aug 19
MD & Director recently sold ₹1.3m worth of stock On the 14th of August, Abhinav Upadhyay sold around 90k shares on-market at roughly ₹14.00 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.7m. Abhinav has been a net seller over the last 12 months, reducing personal holdings by ₹4.9m. Recent Insider Transactions • Jul 25
MD & Director recently sold ₹1.7m worth of stock On the 22nd of July, Abhinav Upadhyay sold around 120k shares on-market at roughly ₹13.98 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Abhinav has been a net seller over the last 12 months, reducing personal holdings by ₹3.7m. Reported Earnings • Jun 23
Full year 2024 earnings released: EPS: ₹0.63 (vs ₹5.80 loss in FY 2023) Full year 2024 results: EPS: ₹0.63 (up from ₹5.80 loss in FY 2023). Revenue: ₹67.0m (up 38% from FY 2023). Net income: ₹8.32m (up ₹84.4m from FY 2023). Profit margin: 12% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 141 percentage points per year, which is a significant difference in performance. New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 89% per year over the past 5 years. Revenue is less than US$1m (₹31m revenue, or US$374k). Market cap is less than US$10m (₹187.7m market cap, or US$2.25m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Annuncio • May 25
Shiva Granito Export Limited to Report Fiscal Year 2024 Results on May 30, 2024 Shiva Granito Export Limited announced that they will report fiscal year 2024 results on May 30, 2024 Recent Insider Transactions • Jan 11
MD & Director recently sold ₹1.2m worth of stock On the 8th of January, Abhinav Upadhyay sold around 120k shares on-market at roughly ₹9.81 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Abhinav has been a net seller over the last 12 months, reducing personal holdings by ₹3.2m. Annuncio • Dec 28
Shiva Granito Export Limited Announces Resignation of Asha Upadhyay as Non-Executive Director Shiva Granito Export Limited announced that Mrs. Asha Upadhyay (DIN: 07396269), vide her letter dated December 28, 2023 has tendered her resignation as Non-Executive Director of the Company with effect from the close of business hours on December 28, 2023 due to personal and health reasons. Further, it would like to inform that the Company has accepted her resignation and a note on the same will be placed before the Board of Directors in the upcoming Board Meeting. Annuncio • Dec 07
Shiva Granito Export Limited Announces Resignation of Minal Jain as Company Secretary Shiva Granito Export Limited announced that CS. Minal Jain has tendered her resignation from the post of Company Secretary and Compliance Officer of the Company vide her letter dated 1 October, 2023, due to personal reasons. She has been relieved from the position on 1 December, 2023. Reported Earnings • Nov 20
First half 2024 earnings released First half 2024 results: Revenue: ₹9.23m (down 65% from 1H 2023). Net income: ₹858.0k (down 58% from 1H 2023). Profit margin: 9.3% (up from 7.7% in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 239 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Nov 02
MD & Director recently sold ₹1m worth of stock On the 30th of October, Abhinav Upadhyay sold around 100k shares on-market at roughly ₹10.00 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Abhinav's only on-market trade for the last 12 months. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 08
Shiva Granito Export Limited, Annual General Meeting, Sep 30, 2023 Shiva Granito Export Limited, Annual General Meeting, Sep 30, 2023, at 14:00 Indian Standard Time. Location: 8, BhattJi Ki Baari Udaipar Rajasthan India Agenda: To receive, consider and adopt the Financial Statements of the Company for the year ended March 31st, 2023 including the Audited Balance Sheet as at 31st March, 2023, Statement of Profit & Loss for the year ended on that date, Cash Flow Statement for the year ended on that date and the Directors' and Auditors' Report thereon; to appoint a Director in place of Ms. Asha Upadhyay ,who retires by rotation and being eligible offers herself for re-appointment; to consider Appointment / Re-Appointment of Statutory Auditors of the Company; and to consider other matters. Annuncio • Aug 29
Shiva Granito Export Limited Announces Appointment of Minal Jain as Company Secretary and Compliance Officer Shiva Granito Export Limited announced that at the meeting of Board of Directors of the Company held on 28 August, 2023 at the Registered Office of the Company, the Board has approved the appointment of CS. Mrs. Minal Jain as the Company Secretary and Compliance Officer of the Company with immediate effect. She is an Associate Member of the Institute of Company Secretaries of India from April 2023. She has undergone training under Mohit Vanawat & Associates, PCS in Udaipur from 2020 to 2022 as per ICSI requirements and was working as a Company Secretary with the same PCS. Board Change • Jul 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 19
Shiva Granito Export Limited to Report Second Half, 2023 Results on May 25, 2023 Shiva Granito Export Limited announced that they will report second half, 2023 results on May 25, 2023 Annuncio • Feb 03
Shiva Granito Export Limited Announces Re-Designation of Asha Upadhyay as Non Executive Woman Director Shiva Granito Export Limited announced that at its board meeting held on February 1, 2023, the board have re-designated Mrs. Asha Upadhyay as a Non Executive Woman Director of the company with effect from February 1, 2023. Board Change • Dec 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 05
Shiva Granito Export Limited to Report Q2, 2023 Results on Nov 14, 2022 Shiva Granito Export Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₹5.40, the stock trades at a trailing P/E ratio of 68x. Average trailing P/E is 20x in the Basic Materials industry in India. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹3.05, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 21x in the Basic Materials industry in India. Total loss to shareholders of 45% over the past three years. Annuncio • Sep 07
Shiva Granito Export Limited, Annual General Meeting, Sep 30, 2022 Shiva Granito Export Limited, Annual General Meeting, Sep 30, 2022, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Financial Statements of the Company for the year ended March 31st, 2022 including the Audited Balance Sheet as at 31st March, 2022, Statement of Profit & Loss for the year ended on that date, Cash Flow Statement for the year ended on that date and the Directors' and Auditors' Report thereon; to appoint a Director in place of Ms. Rachna Upadhyay (DIN 07617468), who retires by rotation and being eligible offers herself for re-appointment; and and to consider other matters. Board Change • Sep 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 25
Shiva Granito Export Limited to Report Second Half, 2022 Results on May 30, 2022 Shiva Granito Export Limited announced that they will report second half, 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹3.40, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 15x in the Basic Materials industry in India. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹4.64, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 16x in the Basic Materials industry in India. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹3.05, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 18x in the Basic Materials industry in India. Total loss to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 19% share price gain to ₹2.16, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 16x in the Basic Materials industry in India. Total loss to shareholders of 72% over the past three years. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent & Non-Executive Director Chanchal Nuwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Feb 05
New 90-day high: ₹2.67 The company is up 34% from its price of ₹1.99 on 03 November 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₹2.52 The company is up 33% from its price of ₹1.90 on 21 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 17% over the same period. Annuncio • Jan 02
Shiva Granito Export Limited Announces Board Changes Shiva Granito Export Limited at it's AGM held on December 30, 2020, approved appointment of Mr. Vishal Jain as an Independent Director; appointment of Mrs. Chanchal Nuwal as an Independent Director; appointment of Mr. Abhishek Upadhyay as a Director. Is New 90 Day High Low • Dec 29
New 90-day high: ₹2.27 The company is up 12% from its price of ₹2.02 on 30 September 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 23% over the same period. Annuncio • Dec 01
Shiva Granito Export Limited Did Not to Recommend Any Dividend for the Financial Year Ended March 31, 2020 During the year under review, Directors of Shiva Granito Export Limited are still constrained not to recommend any dividend for the financial year ended March 31, 2020 keeping in view the need of funds for expansion and working capital. Is New 90 Day High Low • Dec 01
New 90-day low: ₹1.81 The company is down 21% from its price of ₹2.28 on 01 September 2020. The Indian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 25% over the same period. Annuncio • Nov 12
Shiva Granito Export Limited, Annual General Meeting, Dec 30, 2020 Shiva Granito Export Limited, Annual General Meeting, Dec 30, 2020, at 15:00 Indian Standard Time. Annuncio • Jun 21
Shiva Granito Export Limited to Report Fiscal Year 2020 Results on Jun 26, 2020 Shiva Granito Export Limited announced that they will report fiscal year 2020 results on Jun 26, 2020