New Risk • Jun 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risk Market cap is less than US$100m (₹1.03b market cap, or US$10.8m). New Risk • May 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹958.4m (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (₹958.4m market cap, or US$9.95m). Minor Risks High level of debt (75% net debt to equity). Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹67.20, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 17x in the Luxury industry in India. New Risk • Mar 29
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 9.4% 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 Share price has been highly volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$10m (₹858.4m market cap, or US$9.06m). Minor Risks High level of debt (75% net debt to equity). Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹858.4m (US$9.05m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹858.4m market cap, or US$9.05m). Minor Risks High level of debt (75% net debt to equity). Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Share price has been volatile over the past 3 months (9.3% average weekly change). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹58.40, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 16x in the Luxury industry in India. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹69.95, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 18x in the Luxury industry in India. New Risk • Feb 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. 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 Market cap is less than US$10m (₹845.2m market cap, or US$9.35m). Minor Risks High level of debt (75% net debt to equity). Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). New Risk • Jan 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹908.4m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹908.4m market cap, or US$9.91m). Minor Risks High level of debt (75% net debt to equity). Share price has been volatile over the past 3 months (7.2% average weekly change). 공시 • Nov 24
Kaytex Fabrics Limited, Annual General Meeting, Dec 15, 2025 Kaytex Fabrics Limited, Annual General Meeting, Dec 15, 2025, at 13:30 Indian Standard Time. Location: batala road, post office khanna, nagar, amritsar g.p.o., amritsar India 공시 • Nov 13
Kaytex Fabrics Limited to Report First Half, 2026 Results on Nov 14, 2025 Kaytex Fabrics Limited announced that they will report first half, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹92.30, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 24x in the Luxury industry in India. Board Change • Aug 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. 4 non-independent directors. Independent Director Rajiv Arora was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 