공시 • May 14
MIRC Electronics Limited to Report Q4, 2026 Results on May 20, 2026 MIRC Electronics Limited announced that they will report Q4, 2026 results on May 20, 2026 New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.82b (US$95.5m) This is considered a minor 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 Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₹8.82b market cap, or US$95.5m). Reported Earnings • Feb 13
Third quarter 2026 earnings released: ₹0.36 loss per share (vs ₹0.23 loss in 3Q 2025) Third quarter 2026 results: ₹0.36 loss per share (further deteriorated from ₹0.23 loss in 3Q 2025). Revenue: ₹2.12b (up 27% from 3Q 2025). Net loss: ₹131.1m (loss widened 149% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 09
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 9.0% 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 (9.0% average weekly change). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). 공시 • Feb 05
MIRC Electronics Limited to Report Q3, 2026 Results on Feb 11, 2026 MIRC Electronics Limited announced that they will report Q3, 2026 results on Feb 11, 2026 New Risk • Dec 17
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 7.3% 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 Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). New Risk • Nov 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.77b (US$98.4m) This is considered a minor 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 Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹8.77b market cap, or US$98.4m). Reported Earnings • Nov 14
Second quarter 2026 earnings released: ₹0.06 loss per share (vs ₹0.06 profit in 2Q 2025) Second quarter 2026 results: ₹0.06 loss per share (down from ₹0.06 profit in 2Q 2025). Revenue: ₹1.65b (up 9.1% from 2Q 2025). Net loss: ₹17.8m (down 232% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. 공시 • Aug 15
MIRC Electronics Limited announced that it expects to receive INR 1.495247819 billion in funding from Authum Investment & Infrastructure Limited, Jamish Investment Pvt Ltd, APT Real Estates Private Limited MIRC Electronics Limited announces a private placement with Authum Investment & Infrastructure Limited, Vikram Kotak (HUF), Jamish Investment Pvt. Ltd. and APT Real Estates Private Limited to issue 88,949,900 equity shares at a price of INR 16.81 for gross proceeds of INR 1,495,247,819 on August 13, 2025. 공시 • Aug 09
MIRC Electronics Limited to Report Q1, 2026 Results on Aug 13, 2025 MIRC Electronics Limited announced that they will report Q1, 2026 results on Aug 13, 2025 New Risk • Aug 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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 Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (₹4.27b market cap, or US$48.9m). Reported Earnings • Jul 27
Full year 2025 earnings released: ₹0.10 loss per share (vs ₹2.69 loss in FY 2024) Full year 2025 results: ₹0.10 loss per share (improved from ₹2.69 loss in FY 2024). Revenue: ₹7.47b (down 23% from FY 2024). Net loss: ₹23.0m (loss narrowed 96% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. 공시 • Jul 23
MIRC Electronics Limited, Annual General Meeting, Aug 18, 2025 MIRC Electronics Limited, Annual General Meeting, Aug 18, 2025, at 15:00 Indian Standard Time. New Risk • Jul 15
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 7.2% 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 Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (₹3.67b market cap, or US$42.7m). Reported Earnings • May 21
Full year 2025 earnings released: ₹0.10 loss per share (vs ₹2.69 loss in FY 2024) Full year 2025 results: ₹0.10 loss per share (improved from ₹2.69 loss in FY 2024). Revenue: ₹7.57b (down 22% from FY 2024). Net loss: ₹23.0m (loss narrowed 96% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 공시 • May 13
MIRC Electronics Limited to Report Q4, 2025 Results on May 20, 2025 MIRC Electronics Limited announced that they will report Q4, 2025 results on May 20, 2025 공시 • Mar 31
Mirc Electronics Limited Announces Resignation of Sunil Shankar as Business Head (Senior Management Personnel) MIRC Electronics Limited announced that Mr. Sunil Shankar, has resigned from the position of the Business Head (Senior Management Personnel) of the Company from the closing of business hours on 31st March, 2025 due to pursue other opportunities. New Risk • Mar 05
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 9.5% 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 (9.5% average weekly change). Earnings have declined by 43% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹3.56b market cap, or US$40.9m). Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹0.23 loss per share (vs ₹0.07 profit in 3Q 2024) Third quarter 2025 results: ₹0.23 loss per share (down from ₹0.07 profit in 3Q 2024). Revenue: ₹1.69b (down 43% from 3Q 2024). Net loss: ₹52.7m (down 440% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. 공시 • Feb 06
MIRC Electronics Limited to Report Q3, 2025 Results on Feb 14, 2025 MIRC Electronics Limited announced that they will report Q3, 2025 results on Feb 14, 2025 공시 • Jan 15
MIRC Electronics Limited has filed a Follow-on Equity Offering in the amount of INR 495 million. MIRC Electronics Limited has filed a Follow-on Equity Offering in the amount of INR 495 million.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S; Rights Offering New Risk • Jan 10
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 Earnings have declined by 41% 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 (₹5.21b market cap, or US$60.7m). 공시 • Nov 07
MIRC Electronics Limited Announces Resignation of Vinesh Karvir as Head Internal Audit MIRC Electronics Limited announced that Mr. Vinesh Karvir, has resigned from the position of the Head Internal Audit (Senior Management Personnel) of the Company from the closing of business hours on 7th November, 2024 due to pursue other opportunities. Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: ₹0.06 (vs ₹0.28 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.06 (up from ₹0.28 loss in 2Q 2024). Revenue: ₹1.53b (down 21% from 2Q 2024). Net income: ₹13.5m (up ₹77.8m from 2Q 2024). Profit margin: 0.9% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. 공시 • Oct 21
MIRC Electronics Limited to Report Q2, 2025 Results on Oct 30, 2024 MIRC Electronics Limited announced that they will report Q2, 2025 results on Oct 30, 2024 공시 • Sep 27
MIRC Electronics Limited Approves the Appointment of Mr. Milind Pokle as an Independent Director of the Company MIRC Electronics Limited announced that the 43 Annual General Meeting of the Members of the Company was held on 26th September, 2024, approved the appointment of Mr. Milind Pokle (DIN: 10764304) as an Independent Director of the Company for a period of five years. New Risk • Sep 05
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 8.1% 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 Earnings have declined by 40% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹6.61b market cap, or US$78.7m). 공시 • Aug 30
MIRC Electronics Limited, Annual General Meeting, Sep 26, 2024 MIRC Electronics Limited, Annual General Meeting, Sep 26, 2024, at 15:00 Indian Standard Time. 공시 • Aug 21
MIRC Electronics Limited Announces Resignation of Ronak Desai as Chief Information Officer MIRC Electronics Limited announced the resignation of Ronak Desai as Chief Information Officer, effective from August 19, 2024 due to pursue other opportunities. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.27 loss in 1Q 2024) First quarter 2025 results: EPS: ₹0.02 (up from ₹0.27 loss in 1Q 2024). Revenue: ₹2.31b (up 26% from 1Q 2024). Net income: ₹4.40m (up ₹66.6m from 1Q 2024). Profit margin: 0.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. 공시 • Aug 03
MIRC Electronics Limited to Report Q1, 2025 Results on Aug 13, 2024 MIRC Electronics Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Reported Earnings • May 16
Full year 2024 earnings released: ₹2.69 loss per share (vs ₹0.54 loss in FY 2023) Full year 2024 results: ₹2.69 loss per share (further deteriorated from ₹0.54 loss in FY 2023). Revenue: ₹9.75b (down 12% from FY 2023). Net loss: ₹622.1m (loss widened 399% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. 공시 • May 09
MIRC Electronics Limited to Report Q4, 2024 Results on May 14, 2024 MIRC Electronics Limited announced that they will report Q4, 2024 results on May 14, 2024 Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹0.07 (vs ₹0.11 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.07 (up from ₹0.11 loss in 3Q 2023). Revenue: ₹2.95b (up 8.7% from 3Q 2023). Net income: ₹15.5m (up ₹41.1m from 3Q 2023). Profit margin: 0.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. New Risk • Jan 30
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 7.7% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₹83m free cash flow). Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹4.48b market cap, or US$53.9m). 공시 • Jan 25
MIRC Electronics Limited to Report Q3, 2024 Results on Feb 08, 2024 MIRC Electronics Limited announced that they will report Q3, 2024 results on Feb 08, 2024 공시 • Nov 03
MIRC Electronics Limited Announces Board Changes MIRC Electronics Limited announced that at the board meeting held on November 2, 2023, the company approved the appointment of Ms. Nandini Mansinghka as an Additional and Independent Woman Director of the Company with effect from November 2, 2023. And the resignation of Mr. Rafique Malik from the position of Independent Director of the Company from the close of business hours on November 2, 2023 on account of his age and health conditions. Reported Earnings • Nov 03
Second quarter 2024 earnings released: ₹0.28 loss per share (vs ₹0.13 loss in 2Q 2023) Second quarter 2024 results: ₹0.28 loss per share (further deteriorated from ₹0.13 loss in 2Q 2023). Revenue: ₹1.96b (down 27% from 2Q 2023). Net loss: ₹64.3m (loss widened 113% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. 공시 • Oct 28
MIRC Electronics Limited to Report Q2, 2024 Results on Nov 02, 2023 MIRC Electronics Limited announced that they will report Q2, 2024 results on Nov 02, 2023 공시 • Oct 12
MIRC Electronics Limited Announces Resignation of Vikram Surendran as Chief Executive Officer MIRC Electronics Limited announced that Mr. Vikram Surendran, has resigned from the position of the Chief Executive Officer (Key Managerial Personnel) of the Company from the closing of business hours on October 11, 2023 due to personal reasons. Reported Earnings • Aug 11
First quarter 2024 earnings released: ₹0.27 loss per share (vs ₹0.02 profit in 1Q 2023) First quarter 2024 results: ₹0.27 loss per share (down from ₹0.02 profit in 1Q 2023). Revenue: ₹1.86b (down 46% from 1Q 2023). Net loss: ₹62.2m (down ₹66.5m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. 공시 • Jul 30
MIRC Electronics Limited to Report Q1, 2024 Results on Aug 10, 2023 MIRC Electronics Limited announced that they will report Q1, 2024 results at 4:00 PM, Indian Standard Time on Aug 10, 2023 New Risk • Jul 12
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 9.9% 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 Less than 1 year of cash runway based on free cash flow trend (-₹92m free cash flow). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹5.15b market cap, or US$62.6m). Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. CFO & Additional Whole Time Director Shirish Suvagia was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 13
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 8.2% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₹92m free cash flow). Earnings have declined by 44% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₹3.56b market cap, or US$43.2m). 공시 • Jun 10
MIRC Electronics Limited, Annual General Meeting, Jul 03, 2023 MIRC Electronics Limited, Annual General Meeting, Jul 03, 2023, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited financial statement(s) of the Company for the financial year ended March 31, 2023, together with the reports of the Board of Directors and Auditors thereon; to appoint a Director in place of Mr. Vijay Mansukhani, who retires by rotation and being eligible, offers himself for re-appointment; to appoint Statutory Auditors and fix their remuneration; to approve the re-appointment of Mr. Vijay Mansukhani, as a Managing Director (Key Managerial Personnel) of the Company and remuneration payable to him; and to consider other matters. Reported Earnings • May 30
Full year 2023 earnings released: ₹0.54 loss per share (vs ₹0.87 loss in FY 2022) Full year 2023 results: ₹0.54 loss per share (improved from ₹0.87 loss in FY 2022). Revenue: ₹11.1b (down 6.7% from FY 2022). Net loss: ₹124.7m (loss narrowed 38% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. 공시 • May 17
MIRC Electronics Limited to Report Q4, 2023 Results on May 26, 2023 MIRC Electronics Limited announced that they will report Q4, 2023 results on May 26, 2023 Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent & Non-Executive Woman Director Mohita Arora was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 10
Third quarter 2023 earnings released: ₹0.11 loss per share (vs ₹0.11 profit in 3Q 2022) Third quarter 2023 results: ₹0.11 loss per share (down from ₹0.11 profit in 3Q 2022). Revenue: ₹2.73b (down 28% from 3Q 2022). Net loss: ₹25.6m (down 197% from profit in 3Q 2022). 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 21% per year, which means it is well ahead of earnings. 공시 • Feb 02
MIRC Electronics Limited to Report Q3, 2023 Results on Feb 09, 2023 MIRC Electronics Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Buying Opportunity • Dec 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ₹19.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years, while earnings per share has been flat. Reported Earnings • Nov 16
Second quarter 2023 earnings released: ₹0.13 loss per share (vs ₹0.24 profit in 2Q 2022) Second quarter 2023 results: ₹0.13 loss per share (down from ₹0.24 profit in 2Q 2022). Revenue: ₹2.69b (down 32% from 2Q 2022). Net loss: ₹30.2m (down 154% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • Aug 03
Full year 2022 earnings released: ₹0.87 loss per share (vs ₹0.082 profit in FY 2021) Full year 2022 results: ₹0.87 loss per share (down from ₹0.082 profit in FY 2021). Revenue: ₹11.9b (up 56% from FY 2021). Net loss: ₹200.7m (down ₹219.6m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 27
Full year 2022 earnings released: ₹0.87 loss per share (vs ₹0.082 profit in FY 2021) Full year 2022 results: ₹0.87 loss per share (down from ₹0.082 profit in FY 2021). Revenue: ₹12.0b (up 56% from FY 2021). Net loss: ₹200.7m (down ₹219.6m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.11 (down from ₹0.48 in 3Q 2021). Revenue: ₹3.79b (up 26% from 3Q 2021). Net income: ₹26.5m (down 76% from 3Q 2021). Profit margin: 0.7% (down from 3.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 22% share price gain to ₹29.90, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 35x in the Consumer Durables industry in India. Total returns to shareholders of 7.6% over the past three years. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS ₹0.24 (vs ₹0.005 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹3.97b (up 181% from 2Q 2021). Net income: ₹56.2m (up ₹55.0m from 2Q 2021). Profit margin: 1.4% (up from 0.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 17% share price gain to ₹20.45, the stock trades at a trailing P/E ratio of 78.7x. Average trailing P/E is 43x in the Consumer Durables industry in India. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 15% share price gain to ₹18.25, the stock trades at a trailing P/E ratio of 70.2x. Average trailing P/E is 36x in the Consumer Durables industry in India. Total loss to shareholders of 34% over the past three years. Reported Earnings • Aug 15
First quarter 2022 earnings released: ₹0.29 loss per share (vs ₹0.46 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: ₹1.75b (up 85% from 1Q 2021). Net loss: ₹68.1m (loss narrowed 37% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 18
Full year 2021 earnings released: EPS ₹0.08 (vs ₹0.50 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹7.68b (up 27% from FY 2020). Net income: ₹18.8m (up ₹133.5m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 11
Chief Financial Officer Sanjay Jhawar has left the company During their tenure, earnings grew by 5.7% annually compared to the industry average of 3.3%. We don't have any record of a personal shareholding under Sanjay's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 6.63 years. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹0.48 (vs ₹0.09 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹3.02b (up 106% from 3Q 2020). Net income: ₹110.1m (up 432% from 3Q 2020). Profit margin: 3.6% (up from 1.4% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 12
New 90-day high: ₹14.50 The company is up 82% from its price of ₹7.95 on 14 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 44% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₹12.90 The company is up 66% from its price of ₹7.75 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: ₹9.70 The company is up 5.0% from its price of ₹9.20 on 11 September 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 23% over the same period.