Reported Earnings • Aug 08
First quarter 2027 earnings released: EPS: ₹0.28 (vs ₹0.46 in 1Q 2026) First quarter 2027 results: EPS: ₹0.28 (down from ₹0.46 in 1Q 2026). Revenue: ₹836.7m (down 13% from 1Q 2026). Net income: ₹5.22m (down 39% from 1Q 2026). Profit margin: 0.6% (down from 0.9% in 1Q 2026). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 25% per year. Annuncio • Aug 03
Khadim India Limited to Report Q1, 2027 Results on Aug 07, 2026 Khadim India Limited announced that they will report Q1, 2027 results on Aug 07, 2026 Annuncio • Aug 02
Khadim India Limited Approves Appointment of Sekhar Bhattacharjee as an Independent Director Khadim India Limited at the EGM held on 1 August 2026, approved the appointment of Mr. Sekhar Bhattacharjee (DIN: 05125932) as an Independent Director of the Company. Annuncio • Jul 03
Khadim India Limited announced that it expects to receive INR 29.375005 million in funding Khadim India Limited has announced to issue Up to 1,068,182 Fully Convertible Equity Share Warrants at an issue price of INR 27.5 per warrant for gross proceeds of INR 29,375,005 on July 2, 2026. The transaction includes investor participation from Siddhartha Roy Burman for 2,27,273 warrants, Aarya Ketan Kotecha for 2,27,273 warrants, Aniket Latkar for 90,909 warrants, Ashwini Sunil Chavan for 90,909 warrants, Cherry Mehta for 72,727 warrants, Gold Circle Ventures Partners LLP for 90,909 warrants, Krishnam Chirimar for 90,909 warrants, Lalit Agrawal for 90,909 warrants, Palak Agarwal for 90,909 warrants, Pratham Prasoon for 45,455 warrants, Siddharth Harshad Parikh (Karta) of Siddharth Harshad Parikh (HUF) for 90,909 warrants, Vedika Shinde for 68,182 warrants. The transaction has been approved by board of directors. The Extraordinary General Meeting (“EGM”) of the Members of the Company to be held August 01, 2026. Reported Earnings • May 22
Full year 2026 earnings released: EPS: ₹1.69 (vs ₹10.51 in FY 2025) Full year 2026 results: EPS: ₹1.69 (down from ₹10.51 in FY 2025). Revenue: ₹3.78b (down 9.6% from FY 2025). Net income: ₹31.0m (down 84% from FY 2025). Profit margin: 0.8% (down from 4.6% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 22% per year. Annuncio • May 13
Khadim India Limited to Report Q4, 2026 Results on May 20, 2026 Khadim India Limited announced that they will report Q4, 2026 results on May 20, 2026 New Risk • May 06
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 9.2% 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 Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (₹2.08b market cap, or US$22.1m). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹100, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 19x in the Specialty Retail industry in India. Total loss to shareholders of 41% over the past three years. Board Change • Apr 12
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. 3 highly experienced directors. MD & Whole-time Director Rittick Roy Burman 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. Buy Or Sell Opportunity • Mar 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 43% to ₹91.28. The fair value is estimated to be ₹116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 13%. Reported Earnings • Feb 11
Third quarter 2026 earnings released: ₹0.09 loss per share (vs ₹0.63 profit in 3Q 2025) Third quarter 2026 results: ₹0.09 loss per share (down from ₹0.63 profit in 3Q 2025). Revenue: ₹862.4m (down 46% from 3Q 2025). Net loss: ₹1.77m (down 115% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Annuncio • Jan 30
Khadim India Limited to Report Q3, 2026 Results on Feb 10, 2026 Khadim India Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹182, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 23x in the Specialty Retail industry in India. Total loss to shareholders of 17% over the past three years. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹0.91 (vs ₹1.27 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.91 (down from ₹1.27 in 2Q 2025). Revenue: ₹1.03b (down 36% from 2Q 2025). Net income: ₹16.7m (down 28% from 2Q 2025). Profit margin: 1.6% (up from 1.5% 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 13% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Annuncio • Oct 29
Khadim India Limited to Report Q2, 2026 Results on Nov 07, 2025 Khadim India Limited announced that they will report Q2, 2026 results on Nov 07, 2025 New Risk • Oct 08
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 Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (₹4.67b market cap, or US$52.6m). Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹290, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 30x in the Specialty Retail industry in India. Total loss to shareholders of 2.2% over the past three years. Annuncio • Aug 28
Khadim India Limited, Annual General Meeting, Sep 19, 2025 Khadim India Limited, Annual General Meeting, Sep 19, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.46 (vs ₹0.36 in 1Q 2025) First quarter 2026 results: EPS: ₹0.46 (up from ₹0.36 in 1Q 2025). Revenue: ₹982.3m (down 36% from 1Q 2025). Net income: ₹8.51m (up 31% from 1Q 2025). Profit margin: 0.9% (up from 0.4% 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 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Aug 09
Khadim India Limited to Report Q1, 2026 Results on Aug 12, 2025 Khadim India Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 21
Full year 2025 earnings released: EPS: ₹10.51 (vs ₹3.49 in FY 2024) Full year 2025 results: EPS: ₹10.51 (up from ₹3.49 in FY 2024). Revenue: ₹4.28b (down 30% from FY 2024). Net income: ₹192.6m (up 207% from FY 2024). Profit margin: 4.5% (up from 1.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annuncio • May 13
Khadim India Limited to Report Q4, 2025 Results on May 20, 2025 Khadim India Limited announced that they will report Q4, 2025 results on May 20, 2025 Annuncio • Mar 25
Khadim India Limited Announces Resignation of Surabhi Banerjee as Chairperson, Effective March 31, 2025 The Board of Directors of Khadim India Limited at its meeting held on March 25,2025, had considered and approved the following business: Accepting resignation of Prof. (Dr.) Surabhi Banerjee (DlN: 10585455) from the position of "Chairperson"of the Company effective March 31, 2025 (COB) due to personal reasons, However, she will continue to act as an "Independent Director" of the Company for the remaining period of her tenure. New Risk • Feb 28
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 Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (₹5.22b market cap, or US$59.8m). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹0.63 (vs ₹1.01 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.63 (down from ₹1.01 in 3Q 2024). Revenue: ₹1.60b (up 2.5% from 3Q 2024). Net income: ₹11.6m (down 36% from 3Q 2024). Profit margin: 0.7% (down from 1.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annuncio • Feb 05
Khadim India Limited to Report Q3, 2025 Results on Feb 11, 2025 Khadim India Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Buy Or Sell Opportunity • Jan 29
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to ₹301. The fair value is estimated to be ₹384, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 23%. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹1.27 (vs ₹0.99 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.27 (up from ₹0.99 in 2Q 2024). Revenue: ₹1.62b (up 3.4% from 2Q 2024). Net income: ₹23.3m (up 30% from 2Q 2024). Profit margin: 1.4% (up from 1.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annuncio • Nov 02
Khadim India Limited to Report Q2, 2025 Results on Nov 08, 2024 Khadim India Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Annuncio • Sep 30
Khadim India Limited Announces Board and Committees Changes The board of directors of Khadim India Limited meeting held on September 29, 2024, approved relinquishment of Mr. Siddhartha Roy Burman as a "Chairman" of the Company and consequent change of his designation from "Chairman & Managing Director" to "Managing Director of the
company for the remainder of his term of office, on the existing terms and conditions; appointment of Prof. (Dr.) Surabhi Banerjee, Independent Director as a "Chairperson" of the company; Reconstitution of the Committees of the company as follows: Audit Committee: Mr. Alok Chauthmal Churiwala- Independent Director- Chairman; Prof. (Dr.) Surabhi Banerjee- Independent Director- Member; Mrs. Upama Mukherjee- Non-Executive Non-independent Director- Member. Nomination and Remuneration Committee: Prof. (Dr.) Surabhi Banerjee- Independent Director- Chairperson; Mr. Alok Chauthmal Churiwala- Independent Director- member; Mrs. Upama Mukherjee- Non-Executive Non-independent Director- Member. Prof. (Dr.) Surabhi Banerjee joined the Company as an Independent Director in May 2017. Prior to joining the Company, she was associated as Vice Chancellor with the Central University of Orissa, University of Gour Banga and Netaji Subhas State Open University. She has 38 years of experience as an academician and holds a Master's Degree in Arts from the University of Leeds and a Doctorate in English from the University of Calcutta. Annuncio • Sep 25
Khadim India Limited Appoints Upama Mukherjee as Non-Executive Non-Independent Director with Effect from September 29, 2024 Khadim India Limited at its AGM held on September 24, 2024 appointed Upama Mukherjee (DIN: 10585455) as a Non-Executive Non-independent Director of the Company with effect from September 29, 2024. Annuncio • Sep 04
Khadim India Limited, Annual General Meeting, Sep 24, 2024 Khadim India Limited, Annual General Meeting, Sep 24, 2024, at 11:30 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹0.36 (vs ₹0.92 in 1Q 2024) First quarter 2025 results: EPS: ₹0.36 (down from ₹0.92 in 1Q 2024). Revenue: ₹1.55b (down 1.6% from 1Q 2024). Net income: ₹6.50m (down 61% from 1Q 2024). Profit margin: 0.4% (down from 1.0% 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 14% per year whereas the company’s share price has increased by 11% per year. Annuncio • Aug 02
Khadim India Limited to Report Q1, 2025 Results on Aug 08, 2024 Khadim India Limited announced that they will report Q1, 2025 results on Aug 08, 2024 New Risk • Jul 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor 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 Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (₹6.47b market cap, or US$77.3m). Buy Or Sell Opportunity • Jun 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ₹300. The fair value is estimated to be ₹376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹3.49 (vs ₹9.73 in FY 2023) Full year 2024 results: EPS: ₹3.49 (down from ₹9.73 in FY 2023). Revenue: ₹6.15b (down 6.9% from FY 2023). Net income: ₹62.8m (down 64% from FY 2023). Profit margin: 1.0% (down from 2.6% 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 55% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annuncio • May 18
Khadim India Limited to Report Q4, 2024 Results on May 24, 2024 Khadim India Limited announced that they will report Q4, 2024 results on May 24, 2024 Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹1.01 (vs ₹2.68 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.01 (down from ₹2.68 in 3Q 2023). Revenue: ₹1.58b (up 6.1% from 3Q 2023). Net income: ₹18.2m (down 62% from 3Q 2023). Profit margin: 1.2% (down from 3.2% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 03
Khadim India Limited to Report Nine Months, 2024 Results on Feb 12, 2024 Khadim India Limited announced that they will report nine months, 2024 results on Feb 12, 2024 Annuncio • Nov 25
Khadim India Limited announced that it expects to receive INR 37.402272 million in funding Khadim India Limited announces preferential issue of 4,08,768 Fully Convertible Equity Share warrants at an issue price of INR 91.25 per share warrant for proceeds of INR 37,300,080 on November 24, 2023. Each warrant will be converted into 1 (One) Equity Share ) each within 'l8 (Eighteen) months of the allotment of Warrants. The company has proposed to allot the promoter Siddhartha Roy Burman 1,64,384 warrants, Non-Promoter Girish Gulati (HUF) 1,64,384 warrants and Abhisek Bhutra 80,000 warrants. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹0.99 (vs ₹2.80 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.99 (down from ₹2.80 in 2Q 2023). Revenue: ₹1.60b (down 14% from 2Q 2023). Net income: ₹17.9m (down 64% from 2Q 2023). Profit margin: 1.1% (down from 2.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 04
Khadim India Limited to Report Q2, 2024 Results on Nov 10, 2023 Khadim India Limited announced that they will report Q2, 2024 results on Nov 10, 2023 New Risk • Oct 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 2.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (₹6.09b market cap, or US$73.2m). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹320, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 41x in the Specialty Retail industry in India. Total returns to shareholders of 179% over the past three years. Annuncio • Aug 26
Khadim India Limited, Annual General Meeting, Sep 21, 2023 Khadim India Limited, Annual General Meeting, Sep 21, 2023, at 11:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹271, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 39x in the Specialty Retail industry in India. Total returns to shareholders of 114% over the past three years. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹0.92 (vs ₹1.86 in 1Q 2023) First quarter 2024 results: EPS: ₹0.92 (down from ₹1.86 in 1Q 2023). Revenue: ₹1.60b (down 4.0% from 1Q 2023). Net income: ₹16.5m (down 51% from 1Q 2023). Profit margin: 1.0% (down from 2.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 04
Khadim India Limited to Report Q1, 2024 Results on Aug 10, 2023 Khadim India Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹248, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 38x in the Specialty Retail industry in India. Total returns to shareholders of 116% over the past three years. Reported Earnings • May 24
Full year 2023 earnings released: EPS: ₹9.73 (vs ₹3.58 in FY 2022) Full year 2023 results: EPS: ₹9.73 (up from ₹3.58 in FY 2022). Revenue: ₹6.78b (up 15% from FY 2022). Net income: ₹174.8m (up 172% from FY 2022). Profit margin: 2.6% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Annuncio • May 17
Khadim India Limited to Report Q4, 2023 Results on May 23, 2023 Khadim India Limited announced that they will report Q4, 2023 results on May 23, 2023 Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹230, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 31x in the Specialty Retail industry in India. Total returns to shareholders of 137% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹2.68 (vs ₹4.57 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.68 (down from ₹4.57 in 3Q 2022). Revenue: ₹1.55b (down 16% from 3Q 2022). Net income: ₹48.2m (down 41% from 3Q 2022). Profit margin: 3.1% (down from 4.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 03
Khadim India Limited to Report Q3, 2023 Results on Feb 13, 2023 Khadim India Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Dec 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. 2 highly experienced directors. Whole-time Director Rittick Roy Burman 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. Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: ₹2.80 (vs ₹3.60 in 2Q 2022) Second quarter 2023 results: EPS: ₹2.80 (down from ₹3.60 in 2Q 2022). Revenue: ₹1.88b (up 17% from 2Q 2022). Net income: ₹50.2m (down 22% from 2Q 2022). Profit margin: 2.7% (down from 4.0% 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 64% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: ₹1.86 (vs ₹6.06 loss in 1Q 2022) First quarter 2023 results: EPS: ₹1.86 (up from ₹6.06 loss in 1Q 2022). Revenue: ₹1.68b (up 91% from 1Q 2022). Net income: ₹33.5m (up ₹142.4m from 1Q 2022). Profit margin: 2.0% (up from net loss in 1Q 2022). 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 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 15% share price gain to ₹222, the stock trades at a trailing P/E ratio of 57.7x. Average trailing P/E is 46x in the Specialty Retail industry in India. Total returns to shareholders of 1.2% over the past three years. Reported Earnings • May 28
Full year 2022 earnings released: EPS: ₹3.58 (vs ₹18.33 loss in FY 2021) Full year 2022 results: EPS: ₹3.58 (up from ₹18.33 loss in FY 2021). Revenue: ₹5.91b (down 5.6% from FY 2021). Net income: ₹64.4m (up ₹393.8m from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 27
Price target increased to ₹317 Up from ₹259, the current price target is provided by 1 analyst. New target price is 22% above last closing price of ₹261. Stock is up 85% over the past year. The company posted a net loss per share of ₹18.33 last year. Buying Opportunity • Feb 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.9%. The fair value is estimated to be ₹327, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.9% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹4.57 (up from ₹2.47 in 3Q 2021). Revenue: ₹1.85b (up 6.3% from 3Q 2021). Net income: ₹82.0m (up 85% from 3Q 2021). Profit margin: 4.4% (up from 2.5% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹3.60 (vs ₹11.77 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.68b (up 38% from 2Q 2021). Net income: ₹64.7m (up ₹276.2m from 2Q 2021). Profit margin: 3.8% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
First quarter 2022 earnings released: ₹6.06 loss per share (vs ₹15.45 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹882.3m (up 46% from 1Q 2021). Net loss: ₹108.9m (loss narrowed 61% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 20
Full year 2021 earnings released: ₹18.33 loss per share (vs ₹17.40 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹6.26b (down 19% from FY 2020). Net loss: ₹329.4m (loss widened 5.4% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 20
Chief Executive Officer recently bought ₹298k worth of stock On the 15th of March, Namrata Chotrani bought around 2k shares on-market at roughly ₹168 per share. In the last 3 months, they made an even bigger purchase worth ₹1.5m. Namrata has been a buyer over the last 12 months, purchasing a net total of ₹1.8m worth in shares. Recent Insider Transactions • Mar 12
Executive Chairman & MD recently bought ₹175k worth of stock On the 9th of March, Siddhartha Burman bought around 1k shares on-market at roughly ₹175 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹1.5m. Siddhartha has been a buyer over the last 12 months, purchasing a net total of ₹1.7m worth in shares. Is New 90 Day High Low • Feb 26
New 90-day high: ₹163 The company is up 41% from its price of ₹116 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 47% over the same period. Recent Insider Transactions • Feb 22
Executive Chairman & MD recently bought ₹692k worth of stock On the 17th of February, Siddhartha Burman bought around 5k shares on-market at roughly ₹138 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹1.5m. Siddhartha has been a buyer over the last 12 months, purchasing a net total of ₹2.2m worth in shares. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹2.47 (vs ₹7.34 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: ₹1.74b (flat on 3Q 2020). Net income: ₹44.4m (up ₹176.4m from 3Q 2020). Profit margin: 2.5% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 08
New 90-day high: ₹142 The company is up 30% from its price of ₹109 on 10 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 32% over the same period. Recent Insider Transactions • Jan 06
Executive Chairman & MD recently bought ₹1.2m worth of stock On the 31st of December, Siddhartha Burman bought around 10k shares on-market at roughly ₹120 per share. This was the largest purchase by an insider in the last 3 months. Siddhartha has been a buyer over the last 12 months, purchasing a net total of ₹4.9m worth in shares. Recent Insider Transactions • Dec 22
Executive Chairman & MD recently bought ₹132k worth of stock On the 16th of December, Siddhartha Burman bought around 1k shares on-market at roughly ₹132 per share. This was the largest purchase by an insider in the last 3 months. Siddhartha has been a buyer over the last 12 months, purchasing a net total of ₹2.2m worth in shares.