New Risk • May 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹2.74b market cap, or US$28.9m). New Risk • Feb 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹2.79b market cap, or US$30.8m). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.04 (vs ₹0.064 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.04 (down from ₹0.064 in 3Q 2025). Revenue: ₹198.3m (up 2.7% from 3Q 2025). Net income: ₹1.75m (down 44% from 3Q 2025). Profit margin: 0.9% (down from 1.6% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. 공시 • Feb 09
BPL Limited to Report Q3, 2026 Results on Feb 13, 2026 BPL Limited announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Jan 02
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 7.6% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹3.27b market cap, or US$36.2m). 공시 • Nov 08
BPL Limited to Report Q2, 2026 Results on Nov 12, 2025 BPL Limited announced that they will report Q2, 2026 results on Nov 12, 2025 공시 • Sep 08
BPL Limited, Annual General Meeting, Sep 30, 2025 BPL Limited, Annual General Meeting, Sep 30, 2025, at 16:00 Indian Standard Time. New Risk • Aug 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.9% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (₹3.79b market cap, or US$43.4m). Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.56 (vs ₹2.73 in 1Q 2025) First quarter 2026 results: EPS: ₹0.56 (down from ₹2.73 in 1Q 2025). Revenue: ₹199.1m (up 2.7% from 1Q 2025). Net income: ₹27.3m (down 80% from 1Q 2025). Profit margin: 14% (down from 69% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. 공시 • Aug 09
BPL Limited to Report Q1, 2026 Results on Aug 13, 2025 BPL Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Board Change • Jun 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. 2 highly experienced directors. Non-Executive Independent Director Sukumar Rangachari was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 29
Full year 2025 earnings released Full year 2025 results: Revenue: ₹1.37b (up 106% from FY 2024). Net income: ₹942.0k (down 99% from FY 2024). Profit margin: 0.1% (down from 20% in FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. 공시 • May 19
BPL Limited to Report Q4, 2025 Results on May 28, 2025 BPL Limited announced that they will report Q4, 2025 results on May 28, 2025 New Risk • May 16
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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (₹3.68b market cap, or US$43.0m). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹87.74, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 42x in the Consumer Durables industry in India. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹84.42, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 43x in the Consumer Durables industry in India. Total returns to shareholders of 57% over the past three years. New Risk • Feb 20
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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹4.04b market cap, or US$46.7m). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹0.064 (vs ₹0.30 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.064 (down from ₹0.30 in 3Q 2024). Revenue: ₹193.2m (up 34% from 3Q 2024). Net income: ₹3.13m (down 79% from 3Q 2024). Profit margin: 1.6% (down from 10% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% 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 • Nov 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹115, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 54x in the Consumer Durables industry in India. Total returns to shareholders of 65% over the past three years. New Risk • Nov 21
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (₹4.89b market cap, or US$58.0m). Reported Earnings • Nov 18
Second quarter 2025 earnings released: EPS: ₹0.83 (vs ₹2.00 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.83 (down from ₹2.00 in 2Q 2024). Revenue: ₹210.3m (down 2.2% from 2Q 2024). Net income: ₹40.7m (down 58% from 2Q 2024). Profit margin: 19% (down from 46% in 2Q 2024). The decrease in margin was primarily 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 15% per year, which means it is significantly lagging earnings growth. 공시 • Nov 01
BPL Limited to Report Q2, 2025 Results on Nov 13, 2024 BPL Limited announced that they will report Q2, 2025 results on Nov 13, 2024 공시 • Aug 29
BPL Limited, Annual General Meeting, Sep 17, 2024 BPL Limited, Annual General Meeting, Sep 17, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹2.73 (vs ₹0.52 in 1Q 2024) First quarter 2025 results: EPS: ₹2.73 (up from ₹0.52 in 1Q 2024). Revenue: ₹289.6m (up 100% from 1Q 2024). Net income: ₹133.8m (up 425% from 1Q 2024). Profit margin: 46% (up from 18% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. 공시 • Aug 09
BPL Limited to Report Q1, 2025 Results on Aug 12, 2024 BPL Limited announced that they will report Q1, 2025 results on Aug 12, 2024 공시 • Jul 18
Bpl Limited Announces Resignation of Ms. Deepika N Bhandiwad as Company Secretary and Compliance Officer BPL Limited announced that Ms. Deepika N Bhandiwad as Company Secretary and Compliance Officer has submitted her resignation from the services of the Company to pursue her career opportunities elsewhere, with effect from 16 July 2024. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹132, the stock trades at a trailing P/E ratio of 48.1x. Average trailing P/E is 48x in the Consumer Durables industry in India. Total returns to shareholders of 270% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹104, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 47x in the Consumer Durables industry in India. Total returns to shareholders of 194% over the past three years. 공시 • May 20
BPL Limited to Report Fiscal Year 2024 Results on May 24, 2024 BPL Limited announced that they will report fiscal year 2024 results on May 24, 2024 New Risk • Mar 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (₹4.59b market cap, or US$55.3m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹80.00, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 44x in the Consumer Durables industry in India. Total returns to shareholders of 201% over the past three years. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹0.30 (vs ₹0.14 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.30 (up from ₹0.14 in 3Q 2023). Revenue: ₹146.1m (up 14% from 3Q 2023). Net income: ₹14.6m (up 120% from 3Q 2023). Profit margin: 10.0% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year and the company’s share price has also increased by 69% per year. 공시 • Feb 06
BPL Limited to Report Q3, 2024 Results on Feb 13, 2024 BPL Limited announced that they will report Q3, 2024 results on Feb 13, 2024 공시 • Feb 01
BPL Limited Announces Resignation of That T L M Rangachar as Chief Financial Officer BPL Limited announced Mr. T L M Rangachar has resigned from the position of Chief Financial Officer - KMP of the company due to personal reasons with effect from January 31, 2024 (after the closing of business hours). Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹111, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 50x in the Consumer Durables industry in India. Total returns to shareholders of 419% over the past three years. New Risk • Nov 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (₹4.64b market cap, or US$55.7m). Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹94.15, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 48x in the Consumer Durables industry in India. Total returns to shareholders of 343% over the past three years. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹102, the stock trades at a trailing P/E ratio of 77.8x. Average trailing P/E is 42x in the Consumer Durables industry in India. Total returns to shareholders of 472% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹88.05, the stock trades at a trailing P/E ratio of 67.3x. Average trailing P/E is 41x in the Consumer Durables industry in India. Total returns to shareholders of 372% over the past three years. 공시 • Sep 06
BPL Limited, Annual General Meeting, Sep 27, 2023 BPL Limited, Annual General Meeting, Sep 27, 2023, at 11:00 Indian Standard Time. Agenda: To consider audited financial results for the year ended March 31, 2023 along with the reports of board of director and auditors; to consider audited consolidated financial results for the year ended March 31, 2023 along with the reports of board of director and auditors; to consider dividend for the year ended March 31, 2023; and to consider directorate appointments. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹0.52 (vs ₹0.24 in 1Q 2023) First quarter 2024 results: EPS: ₹0.52 (up from ₹0.24 in 1Q 2023). Revenue: ₹146.1m (up 20% from 1Q 2023). Net income: ₹25.5m (up 113% from 1Q 2023). Profit margin: 17% (up from 9.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: ₹14.25 (vs ₹2.65 in FY 2022) Full year 2023 results: EPS: ₹14.25. Revenue: ₹621.0m (up 63% from FY 2022). Net income: ₹50.6m (down 61% from FY 2022). Profit margin: 8.1% (down from 34% in FY 2022). The decrease in margin was driven by higher expenses. 공시 • Feb 16
BPL Limited to Report Q3, 2023 Results on Feb 14, 2023 BPL Limited announced that they will report Q3, 2023 results at 12:08 PM, Indian Standard Time on Feb 14, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.14 (vs ₹0.12 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.14 (up from ₹0.12 in 3Q 2022). Revenue: ₹130.8m (down 1.5% from 3Q 2022). Net income: ₹6.99m (up 24% from 3Q 2022). Profit margin: 5.3% (up from 4.2% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 18% share price gain to ₹73.15, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 35x in the Consumer Durables industry in India. Total returns to shareholders of 237% over the past three years. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹0.35 (vs ₹0.55 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.35 (down from ₹0.55 in 2Q 2022). Revenue: ₹118.6m (up 22% from 2Q 2022). Net income: ₹17.1m (down 36% from 2Q 2022). Profit margin: 14% (down from 27% 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 25% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₹84.05, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 42x in the Consumer Durables industry in India. Total returns to shareholders of 284% over the past three years. Reported Earnings • Aug 13
First quarter 2023 earnings released: EPS: ₹0.24 (vs ₹0.25 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.24 (up from ₹0.25 loss in 1Q 2022). Revenue: ₹123.7m (up 108% from 1Q 2022). Net income: ₹12.0m (up ₹24.3m from 1Q 2022). Profit margin: 9.7% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹55.95, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 35x in the Consumer Durables industry in India. Total returns to shareholders of 149% over the past three years. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹3.37 (vs ₹4.39 loss in FY 2021) Full year 2022 results: EPS: ₹3.37 (up from ₹4.39 loss in FY 2021). Revenue: ₹382.1m (down 13% from FY 2021). Net income: ₹129.5m (up ₹344.1m from FY 2021). Profit margin: 34% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.12 (up from ₹0.16 loss in 3Q 2021). Revenue: ₹134.2m (up 30% from 3Q 2021). Net income: ₹5.64m (up ₹13.5m from 3Q 2021). Profit margin: 4.2% (up from net loss in 3Q 2021). The move to profitability 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 47% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹0.55 (vs ₹0.005 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹129.1m (up 22% from 2Q 2021). Net income: ₹26.7m (up ₹26.9m from 2Q 2021). Profit margin: 21% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹0.25 loss per share (vs ₹0.25 loss in 1Q 2021) The company reported a poor first quarter result with weaker revenues, weaker control over costs and no improvement to losses. First quarter 2022 results: Revenue: ₹60.9m (down 23% from 1Q 2021). Net loss: ₹12.3m (flat on 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 02
Full year 2021 earnings released: ₹4.30 loss per share (vs ₹0.77 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹448.4m (down 53% from FY 2020). Net loss: ₹214.6m (down ₹252.2m from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 15% share price gain to ₹35.60, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 44x in the Consumer Durables industry in India. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improved over the past week After last week's 30% share price gain to ₹29.70, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 43x in the Consumer Durables industry in India. Total loss to shareholders of 64% over the past three years. Is New 90 Day High Low • Mar 04
New 90-day high: ₹25.55 The company is up 4.0% from its price of ₹24.55 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 37% over the same period. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 21% share price gain to ₹25.55, the stock is trading at a trailing P/E ratio of 11.6x, up from the previous P/E ratio of 9.6x. This compares to an average P/E of 37x in the Consumer Durables industry in India. Total return to shareholders over the past three years is a loss of 69%. Reported Earnings • Feb 13
Third quarter 2021 earnings released: ₹0.16 loss per share (vs ₹0.94 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: ₹103.5m (down 64% from 3Q 2020). Net loss: ₹7.85m (loss narrowed 83% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Sep 23
New 90-day low: ₹17.40 The company is down 26% from its price of ₹23.55 on 25 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 8.0% over the same period. 
