View Future GrowthPratham EPC Projects 過去の業績過去 基準チェック /16Pratham EPC Projectsは、平均年間9.4%の収益成長を遂げていますが、 Energy Services業界の収益は、年間 成長しています。収益は、平均年間15% 30.4%収益成長率で 成長しています。 Pratham EPC Projectsの自己資本利益率は6.8%であり、純利益率は4.4%です。主要情報9.39%収益成長率1.26%EPS成長率Energy Services 業界の成長-0.16%収益成長率30.44%株主資本利益率6.77%ネット・マージン4.39%前回の決算情報31 Mar 2026最近の業績更新お知らせ • May 23Pratham EPC Projects Limited to Report Fiscal Year 2026 Results on May 30, 2026Pratham EPC Projects Limited announced that they will report fiscal year 2026 results at 9:08 AM, Indian Standard Time on May 30, 2026お知らせ • Nov 14Pratham EPC Projects Limited to Report First Half, 2026 Results on Nov 14, 2025Pratham EPC Projects Limited announced that they will report first half, 2026 results on Nov 14, 2025分析記事 • Nov 21Pratham EPC Projects' (NSE:PRATHAM) Solid Earnings May Rest On Weak FoundationsPratham EPC Projects Limited's ( NSE:PRATHAM ) robust recent earnings didn't do much to move the stock. We believe that...すべての更新を表示Recent updatesNew Risk • May 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.7x 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 (2.7x net interest cover). High level of non-cash earnings (48% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (₹2.44b market cap, or US$25.7m).お知らせ • May 23Pratham EPC Projects Limited to Report Fiscal Year 2026 Results on May 30, 2026Pratham EPC Projects Limited announced that they will report fiscal year 2026 results at 9:08 AM, Indian Standard Time on May 30, 2026Board Change • May 20Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Feb 25Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Feb 05Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • Dec 02Be Wary Of Pratham EPC Projects (NSE:PRATHAM) And Its Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...お知らせ • Nov 14Pratham EPC Projects Limited to Report First Half, 2026 Results on Nov 14, 2025Pratham EPC Projects Limited announced that they will report first half, 2026 results on Nov 14, 2025分析記事 • Oct 28Market Might Still Lack Some Conviction On Pratham EPC Projects Limited (NSE:PRATHAM) Even After 25% Share Price BoostPratham EPC Projects Limited ( NSE:PRATHAM ) shares have had a really impressive month, gaining 25% after a shaky...お知らせ • Sep 01Pratham EPC Projects Limited, Annual General Meeting, Sep 30, 2025Pratham EPC Projects Limited, Annual General Meeting, Sep 30, 2025, at 15:00 Indian Standard Time. Location: a-1101, sankalp iconic tower, opp. isro colony, iskonambli road - 380058, ahmedabad IndiaNew Risk • Jun 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% 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 High level of non-cash earnings (63% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹2.67b market cap, or US$31.2m).New Risk • Jun 01New minor risk - Financial data availabilityThe 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 Risk High level of non-cash earnings (63% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹2.90b market cap, or US$33.9m).Board Change • May 28Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹211, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 22x in the Energy Services industry in India. Total loss to shareholders of 12% over the past year.分析記事 • Mar 29Pratham EPC Projects (NSE:PRATHAM) Ticks All The Boxes When It Comes To Earnings GrowthInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...お知らせ • Mar 14Subudhi Sagarika Sanjeev kumar agreed to acquire 52% stake in Pipeflow Integrity India Private Limited from Pratham EPC Projects Limited (NSEI:PRATHAM) for INR 0.78 million.Subudhi Sagarika Sanjeev kumar agreed to acquire 52% stake in Pipeflow Integrity India Private Limited from Pratham EPC Projects Limited (NSEI:PRATHAM) for INR 0.78 million on March 12, 2025. A cash consideration of INR 0.78 million will be paid by the buyer. As part of consideration, INR 0.78 million is paid towards common equity of Pipeflow Integrity India Private Limited. For the period ending March 31, 2024, Pipeflow Integrity India Private Limited reported total revenue of INR 13.56 million. As of March 31, 2024, Pipeflow Integrity India Private Limited reported total common equity of INR 1.16 million. The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. The expected completion of the transaction is March 13, 2025.Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹192, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 21x in the Energy Services industry in India.分析記事 • Nov 21Pratham EPC Projects' (NSE:PRATHAM) Solid Earnings May Rest On Weak FoundationsPratham EPC Projects Limited's ( NSE:PRATHAM ) robust recent earnings didn't do much to move the stock. We believe that...Board Change • Nov 19Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Sep 02Pratham EPC Projects Limited, Annual General Meeting, Sep 30, 2024Pratham EPC Projects Limited, Annual General Meeting, Sep 30, 2024, at 15:00 Indian Standard Time. Location: ahmedabad management association, 1, dr. vikram sarabhai marg, opp. iim, institute, university area, ahmedabad- 380015, ahmedabad IndiaValuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₹241, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 38x in the Energy Services industry in India.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₹331, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 43x in the Energy Services industry in India.Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₹364, the stock trades at a trailing P/E ratio of 64.7x. Average trailing P/E is 41x in the Energy Services industry in India.Valuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to ₹331, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 37x in the Energy Services industry in India.New Risk • Apr 20New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Revenue has declined by 0.5% over the past year. High level of non-cash earnings (124% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (₹3.86b market cap, or US$46.3m).Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 74%After last week's 74% share price gain to ₹198, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 29x in the Energy Services industry in India.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹114, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 26x in the Energy Services industry in India.Board Change • Mar 18Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.収支内訳Pratham EPC Projects の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NSEI:PRATHAM 収益、費用、利益 ( )INR Millions日付収益収益G+A経費研究開発費31 Mar 261,40262329031 Dec 251,32683298030 Sep 251,249104267030 Jun 251,219121262031 Mar 251,189138258031 Dec 241,078135204030 Sep 24967133237030 Jun 24831117236031 Mar 24696100234031 Mar 235027794031 Mar 2250544870質の高い収益: PRATHAM 非現金収入 のレベルが高いです。利益率の向上: PRATHAMの現在の純利益率 (4.4%)は、昨年(11.6%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: PRATHAMの収益は過去 5 年間で年間9.4%増加しました。成長の加速: PRATHAMは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: PRATHAMは過去 1 年間で収益成長率がマイナス ( -55.3% ) となったため、 Energy Services業界平均 ( 26.3% ) と比較することが困難です。株主資本利益率高いROE: PRATHAMの 自己資本利益率 ( 6.8% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YEnergy 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/12 05:48終値2026/07/10 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Pratham EPC Projects Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • May 23Pratham EPC Projects Limited to Report Fiscal Year 2026 Results on May 30, 2026Pratham EPC Projects Limited announced that they will report fiscal year 2026 results at 9:08 AM, Indian Standard Time on May 30, 2026
お知らせ • Nov 14Pratham EPC Projects Limited to Report First Half, 2026 Results on Nov 14, 2025Pratham EPC Projects Limited announced that they will report first half, 2026 results on Nov 14, 2025
分析記事 • Nov 21Pratham EPC Projects' (NSE:PRATHAM) Solid Earnings May Rest On Weak FoundationsPratham EPC Projects Limited's ( NSE:PRATHAM ) robust recent earnings didn't do much to move the stock. We believe that...
New Risk • May 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.7x 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 (2.7x net interest cover). High level of non-cash earnings (48% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (₹2.44b market cap, or US$25.7m).
お知らせ • May 23Pratham EPC Projects Limited to Report Fiscal Year 2026 Results on May 30, 2026Pratham EPC Projects Limited announced that they will report fiscal year 2026 results at 9:08 AM, Indian Standard Time on May 30, 2026
Board Change • May 20Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Feb 25Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Feb 05Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • Dec 02Be Wary Of Pratham EPC Projects (NSE:PRATHAM) And Its Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
お知らせ • Nov 14Pratham EPC Projects Limited to Report First Half, 2026 Results on Nov 14, 2025Pratham EPC Projects Limited announced that they will report first half, 2026 results on Nov 14, 2025
分析記事 • Oct 28Market Might Still Lack Some Conviction On Pratham EPC Projects Limited (NSE:PRATHAM) Even After 25% Share Price BoostPratham EPC Projects Limited ( NSE:PRATHAM ) shares have had a really impressive month, gaining 25% after a shaky...
お知らせ • Sep 01Pratham EPC Projects Limited, Annual General Meeting, Sep 30, 2025Pratham EPC Projects Limited, Annual General Meeting, Sep 30, 2025, at 15:00 Indian Standard Time. Location: a-1101, sankalp iconic tower, opp. isro colony, iskonambli road - 380058, ahmedabad India
New Risk • Jun 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% 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 High level of non-cash earnings (63% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹2.67b market cap, or US$31.2m).
New Risk • Jun 01New minor risk - Financial data availabilityThe 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 Risk High level of non-cash earnings (63% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹2.90b market cap, or US$33.9m).
Board Change • May 28Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹211, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 22x in the Energy Services industry in India. Total loss to shareholders of 12% over the past year.
分析記事 • Mar 29Pratham EPC Projects (NSE:PRATHAM) Ticks All The Boxes When It Comes To Earnings GrowthInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
お知らせ • Mar 14Subudhi Sagarika Sanjeev kumar agreed to acquire 52% stake in Pipeflow Integrity India Private Limited from Pratham EPC Projects Limited (NSEI:PRATHAM) for INR 0.78 million.Subudhi Sagarika Sanjeev kumar agreed to acquire 52% stake in Pipeflow Integrity India Private Limited from Pratham EPC Projects Limited (NSEI:PRATHAM) for INR 0.78 million on March 12, 2025. A cash consideration of INR 0.78 million will be paid by the buyer. As part of consideration, INR 0.78 million is paid towards common equity of Pipeflow Integrity India Private Limited. For the period ending March 31, 2024, Pipeflow Integrity India Private Limited reported total revenue of INR 13.56 million. As of March 31, 2024, Pipeflow Integrity India Private Limited reported total common equity of INR 1.16 million. The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. The expected completion of the transaction is March 13, 2025.
Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹192, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 21x in the Energy Services industry in India.
分析記事 • Nov 21Pratham EPC Projects' (NSE:PRATHAM) Solid Earnings May Rest On Weak FoundationsPratham EPC Projects Limited's ( NSE:PRATHAM ) robust recent earnings didn't do much to move the stock. We believe that...
Board Change • Nov 19Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Sep 02Pratham EPC Projects Limited, Annual General Meeting, Sep 30, 2024Pratham EPC Projects Limited, Annual General Meeting, Sep 30, 2024, at 15:00 Indian Standard Time. Location: ahmedabad management association, 1, dr. vikram sarabhai marg, opp. iim, institute, university area, ahmedabad- 380015, ahmedabad India
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₹241, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 38x in the Energy Services industry in India.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₹331, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 43x in the Energy Services industry in India.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₹364, the stock trades at a trailing P/E ratio of 64.7x. Average trailing P/E is 41x in the Energy Services industry in India.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to ₹331, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 37x in the Energy Services industry in India.
New Risk • Apr 20New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Revenue has declined by 0.5% over the past year. High level of non-cash earnings (124% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (₹3.86b market cap, or US$46.3m).
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 74%After last week's 74% share price gain to ₹198, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 29x in the Energy Services industry in India.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹114, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 26x in the Energy Services industry in India.
Board Change • Mar 18Less than half of directors are independentFollowing 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 Director Garima Dinesh Rajput was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.