공시 • May 18
Weizmann Limited to Report Q4, 2026 Results on May 28, 2026 Weizmann Limited announced that they will report Q4, 2026 results on May 28, 2026 Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹1.53 (vs ₹1.26 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.53 (up from ₹1.26 in 3Q 2025). Revenue: ₹285.4m (flat on 3Q 2025). Net income: ₹23.7m (up 19% from 3Q 2025). Profit margin: 8.3% (up from 7.0% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. 공시 • Jan 31
Weizmann Limited to Report Q3, 2026 Results on Feb 12, 2026 Weizmann Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹1.28 (vs ₹1.42 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.28 (down from ₹1.42 in 2Q 2025). Revenue: ₹359.8m (up 14% from 2Q 2025). Net income: ₹19.9m (down 12% from 2Q 2025). Profit margin: 5.5% (down from 7.2% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. 공시 • Nov 03
Weizmann Limited to Report Q2, 2026 Results on Nov 12, 2025 Weizmann Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Buy Or Sell Opportunity • Oct 23
Now 24% overvalued Over the last 90 days, the stock has fallen 6.6% to ₹111. The fair value is estimated to be ₹89.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 01
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to ₹109. The fair value is estimated to be ₹90.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company became loss making. 공시 • Sep 25
Weizmann Limited Announces Changes to Its Board and Committee The board of directors of Weizmann Limited in a meeting held on September 25, 2025 approved the reconstitution of the following Committees of the Board of Directors in view of cessation of Shri. Balady S Shetty (DIN: 01262317) - Non Executive Independent Director of the Company due to completion of his second and final term as Independent Director of the Company at the 38th Annual General Meeting of the Company held on 25th September, 2025: Nomination and Remuneration Committee: Shri. Suryanarayanarao Narendra, Chairman; Shri. Dharmendra G Siraj, Member; and Smt. Smita V Davda, Member. Corporate Social Responsibility Committee: Shri. Dharmendra G Siraj, Chairman; Shri. Neelkamal V Siraj, Member; and Shri. Suryanarayanarao Narendra, Member. Upcoming Dividend • Sep 11
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 18 September 2025. Payment date: 25 October 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.6%). 공시 • Sep 04
Weizmann Limited announces Annual dividend, payable on October 25, 2025 Weizmann Limited announced Annual dividend of INR 0.5000 per share payable on October 25, 2025, ex-date on September 18, 2025 and record date on September 18, 2025. Buy Or Sell Opportunity • Sep 04
Now 24% overvalued Over the last 90 days, the stock has fallen 5.9% to ₹112. The fair value is estimated to be ₹90.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company became loss making. 공시 • Sep 01
Weizmann Limited, Annual General Meeting, Sep 25, 2025 Weizmann Limited, Annual General Meeting, Sep 25, 2025, at 15:30 Indian Standard Time. Buy Or Sell Opportunity • Aug 15
Now 21% overvalued Over the last 90 days, the stock has fallen 6.8% to ₹110. The fair value is estimated to be ₹90.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.78 (vs ₹0.53 in 1Q 2025) First quarter 2026 results: EPS: ₹0.78 (up from ₹0.53 in 1Q 2025). Revenue: ₹300.3m (up 43% from 1Q 2025). Net income: ₹12.0m (up 43% from 1Q 2025). Profit margin: 4.0% (in line with 1Q 2025). 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 16% per year, which means it is well ahead of earnings. 공시 • Aug 12
Weizmann Limited Reconstitutes the Audit Committee Weizmann Limited at its board meeting held on August 12, 2025, reconstituted the Audit Committee of the Company on account of Appointment of Shri. Suryanarayanarao Narendra (DIN: 00417828) as Additional Director and Non-Executive Independent Director of the Company. The Reconstituted Audit Committee of the Company to consist of the following: Shri. Balady S Shetty Chairman; b. Shri. Dharmendra G Siraj Member; Smt. Smita V Davda Member; Shri. Kishore M Vussonji – Member; Shri. Suryanarayanarao Narendra Member. The Present Chairman of the Audit Committee of the Company i.e Shri. Balady S Shetty (DIN: 01262317), his second and final term as Independent Director of the Company will expire at the ensuing Annual General Meeting of the Company. Post his cessation as Independent Director of the Company, Shri. Suryanarayanarao Narendra (DIN: 00417828) will be the Chairman of the Audit Committee of the Company. 공시 • Aug 02
Weizmann Limited to Report Q1, 2026 Results on Aug 12, 2025 Weizmann Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jun 04
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 0.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (₹1.84b market cap, or US$21.5m). Reported Earnings • May 28
Full year 2025 earnings released: ₹2.32 loss per share (vs ₹5.65 profit in FY 2024) Full year 2025 results: ₹2.32 loss per share (down from ₹5.65 profit in FY 2024). Revenue: ₹1.18b (down 4.4% from FY 2024). Net loss: ₹36.0m (down 140% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. 공시 • May 16
Weizmann Limited to Report Q4, 2025 Results on May 27, 2025 Weizmann Limited announced that they will report Q4, 2025 results on May 27, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹1.26 (vs ₹1.54 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.26 (down from ₹1.54 in 3Q 2024). Revenue: ₹286.7m (flat on 3Q 2024). Net income: ₹19.9m (down 19% from 3Q 2024). Profit margin: 6.9% (down from 8.6% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. 공시 • Feb 01
Weizmann Limited to Report Q3, 2025 Results on Feb 12, 2025 Weizmann Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹1.42 (vs ₹1.11 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.42 (up from ₹1.11 in 2Q 2024). Revenue: ₹315.0m (up 3.0% from 2Q 2024). Net income: ₹22.5m (up 28% from 2Q 2024). Profit margin: 7.2% (up from 5.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 33% per year. 공시 • Oct 31
Weizmann Limited to Report Q2, 2025 Results on Nov 12, 2024 Weizmann Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹144, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 31x in the Luxury industry in India. Total returns to shareholders of 204% over the past three years. 공시 • Aug 21
Weizmann Limited (NSEI:WEIZMANIND) announces an Equity Buyback for 365,169 shares, representing 9.2% for INR 58.43 million. Weizmann Limited (NSEI:WEIZMANIND) announces a share repurchase program. Under the program, the company will repurchase up to 3,65,169 shares, representing 9.2% for INR 58.43 million. The shares will be repurchased at a price of INR 160 per share. The company has fixed August 30, 2024, as the record date for the offer. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹0.53 (vs ₹1.85 in 1Q 2024) First quarter 2025 results: EPS: ₹0.53 (down from ₹1.85 in 1Q 2024). Revenue: ₹210.4m (down 37% from 1Q 2024). Net income: ₹8.43m (down 71% from 1Q 2024). Profit margin: 4.0% (down from 8.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 35% per year. 공시 • Aug 02
Weizmann Limited to Report Q1, 2025 Results on Aug 12, 2024 Weizmann Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Reported Earnings • Jul 12
Full year 2024 earnings released: EPS: ₹5.65 (vs ₹2.69 in FY 2023) Full year 2024 results: EPS: ₹5.65 (up from ₹2.69 in FY 2023). Revenue: ₹1.23b (down 9.1% from FY 2023). Net income: ₹89.6m (up 110% from FY 2023). Profit margin: 7.3% (up from 3.2% in FY 2023). 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 only increased by 24% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 08
Dividend of ₹0.50 announced Dividend of ₹0.50 is the same as last year. Ex-date: 23rd July 2024 Payment date: 29th August 2024 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 9.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Jul 06
Weizmann Limited, Annual General Meeting, Jul 30, 2024 Weizmann Limited, Annual General Meeting, Jul 30, 2024, at 15:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹155, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 28x in the Luxury industry in India. Total returns to shareholders of 186% over the past three years. 공시 • May 30
Weizmann Limited Recommends Dividend Payment Weizmann Limited recommended Dividend at 5% INR 0.50/- per Equity Share of INR 10/- each. The dividend will be paid by the Company to the Shareholders subject to the approval of the same by the shareholders at the up coming Annual General Meeting of the Company. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹5.65 (vs ₹2.69 in FY 2023) Full year 2024 results: EPS: ₹5.65 (up from ₹2.69 in FY 2023). Revenue: ₹1.23b (down 8.7% from FY 2023). Net income: ₹89.6m (up 110% from FY 2023). Profit margin: 7.3% (up from 3.2% in FY 2023). 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 whereas the company’s share price has increased by 32% per year. 공시 • May 18
Weizmann Limited to Report Q4, 2024 Results on May 28, 2024 Weizmann Limited announced that they will report Q4, 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹142, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 248% over the past three years. New Risk • Apr 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 8.5% 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: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹1.89b market cap, or US$22.7m). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹122, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 187% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹88.20, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 100% over the past three years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹1.54 (vs ₹0.98 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.54 (up from ₹0.98 in 3Q 2023). Revenue: ₹288.3m (down 2.0% from 3Q 2023). Net income: ₹24.5m (up 58% from 3Q 2023). Profit margin: 8.5% (up from 5.3% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jan 26
Weizmann Limited to Report Q3, 2024 Results on Feb 08, 2024 Weizmann Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹123, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 26x in the Luxury industry in India. Total returns to shareholders of 275% over the past three years. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹1.11 (vs ₹0.42 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.11 (up from ₹0.42 in 2Q 2023). Revenue: ₹306.0m (down 2.9% from 2Q 2023). Net income: ₹17.6m (up 167% from 2Q 2023). Profit margin: 5.8% (up from 2.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Oct 31
Weizmann Limited to Report Q2, 2024 Results on Nov 09, 2023 Weizmann Limited announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Oct 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 8.3% 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: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₹1.96b market cap, or US$23.6m). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹104, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 22x in the Luxury industry in India. Total returns to shareholders of 266% over the past three years. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹1.85 (vs ₹0.60 in 1Q 2023) First quarter 2024 results: EPS: ₹1.85 (up from ₹0.60 in 1Q 2023). Revenue: ₹332.9m (down 8.9% from 1Q 2023). Net income: ₹29.4m (up 208% from 1Q 2023). Profit margin: 8.8% (up from 2.6% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Aug 01
Weizmann Limited to Report Q1, 2024 Results on Aug 09, 2023 Weizmann Limited announced that they will report Q1, 2024 results on Aug 09, 2023 공시 • Jul 28
Weizmann Limited Appoints Kishore M Vussonji as Non-Executive Independent Director Weizmann Limited at the Annual General Meeting of the Company held on 27 July, 2023 approved Appointment of Shri. Kishore M Vussonji as Non-Executive Independent Director of the Company for a term of 5 consecutive years with effect from 27 July, 2023. Shri. Kishore M Vussonji aged 76 years is a graduate in Science and Law with more than 40 years' experience. He is a partner in M/s. Kanga & Co., Mumbai, Advocates & Solicitors, where he specialises in conveyance and litigation law. Upcoming Dividend • Jul 13
Upcoming dividend of ₹0.50 per share at 0.5% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 26 August 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.5%). Reported Earnings • Jul 10
Full year 2023 earnings released: EPS: ₹2.69 (vs ₹2.19 in FY 2022) Full year 2023 results: EPS: ₹2.69 (up from ₹2.19 in FY 2022). Revenue: ₹1.35b (up 35% from FY 2022). Net income: ₹42.6m (up 23% from FY 2022). Profit margin: 3.2% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jul 04
Weizmann Limited, Annual General Meeting, Jul 27, 2023 Weizmann Limited, Annual General Meeting, Jul 27, 2023, at 15:30 Indian Standard Time. Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹2.69 (vs ₹2.19 in FY 2022) Full year 2023 results: EPS: ₹2.69 (up from ₹2.19 in FY 2022). Revenue: ₹1.36b (up 36% from FY 2022). Net income: ₹42.6m (up 23% from FY 2022). Profit margin: 3.1% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. 공시 • May 26
Weizmann Limited Recommends Dividend Weizmann Limited recommended Dividend @ 5% that is INR 0.50 per Equity Share of INR 10 each. The dividend will be paid by the Company to the Shareholders subject to the approval of the same by the shareholders at the upcoming Annual General Meeting of the Company. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹102, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 303% over the past three years. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹0.98 (vs ₹0.23 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.98 (up from ₹0.23 in 3Q 2022). Revenue: ₹294.9m (up 32% from 3Q 2022). Net income: ₹15.5m (up 291% from 3Q 2022). Profit margin: 5.2% (up from 1.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% 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 • Dec 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹94.25, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 739% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 18% share price gain to ₹122, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 909% over the past three years. Board Change • Nov 16
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 Non-Independent Director Chetan Mehra was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹0.42 (vs ₹1.01 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹0.42 (up from ₹1.01 loss in 2Q 2022). Revenue: ₹317.6m (up 27% from 2Q 2022). Net income: ₹6.59m (up ₹24.0m from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). 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 79% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improved over the past week After last week's 16% share price gain to ₹110, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 719% over the past three years. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 19% share price gain to ₹88.55, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 551% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 21% share price gain to ₹95.05, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 524% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 15% share price gain to ₹77.35, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 426% over the past three years. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹0.60 (vs ₹0.11 in 1Q 2022) First quarter 2023 results: EPS: ₹0.60 (up from ₹0.11 in 1Q 2022). Revenue: ₹365.9m (up 72% from 1Q 2022). Net income: ₹9.53m (up 412% from 1Q 2022). Profit margin: 2.6% (up from 0.9% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year and the company’s share price has also increased by 34% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 34% share price gain to ₹65.10, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 327% over the past three years. Upcoming Dividend • Jul 13
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 20 July 2022. Payment date: 27 August 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 07
Full year 2022 earnings released: EPS: ₹2.19 (vs ₹3.00 in FY 2021) Full year 2022 results: EPS: ₹2.19 (down from ₹3.00 in FY 2021). Revenue: ₹998.4m (up 2.3% from FY 2021). Net income: ₹34.7m (down 33% from FY 2021). Profit margin: 3.5% (down from 5.3% in FY 2021). Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Reported Earnings • May 28
Full year 2022 earnings released: EPS: ₹2.19 (vs ₹3.00 in FY 2021) Full year 2022 results: EPS: ₹2.19 (down from ₹3.00 in FY 2021). Revenue: ₹1.02b (up 4.8% from FY 2021). Net income: ₹34.7m (down 33% from FY 2021). Profit margin: 3.4% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Board Change • Apr 27
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 Non-Independent Director Chetan Mehra was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.23 (down from ₹2.46 in 3Q 2021). Revenue: ₹226.3m (down 23% from 3Q 2021). Net income: ₹3.96m (down 91% from 3Q 2021). Profit margin: 1.7% (down from 14% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 15% share price gain to ₹62.40, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 167% over the past three years. Reported Earnings • Nov 13
Second quarter 2022 earnings released: ₹1.01 loss per share (vs ₹0.26 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹250.8m (up 3.8% from 2Q 2021). Net loss: ₹17.4m (loss widened 289% from 2Q 2021). Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 20% share price gain to ₹58.55, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 151% over the past three years. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 15% share price gain to ₹50.00, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 61% over the past three years. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS ₹0.11 (vs ₹0.38 in 1Q 2021) The company reported a decent first quarter result with improved revenues, although earnings and profit margins were weaker. First quarter 2022 results: Revenue: ₹213.4m (up 124% from 1Q 2021). Net income: ₹1.86m (down 72% from 1Q 2021). Profit margin: 0.9% (down from 7.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹63.90, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 235% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹3.00 (vs ₹1.73 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹976.2m (up 1.3% from FY 2020). Net income: ₹51.9m (up 74% from FY 2020). Profit margin: 5.3% (up from 3.1% in FY 2020). The increase in margin was primarily driven by higher revenue. 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 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improved over the past week After last week's 20% share price gain to ₹52.90, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 127% over the past three years. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹2.46 (vs ₹1.08 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹292.9m (up 18% from 3Q 2020). Net income: ₹42.5m (up 128% from 3Q 2020). Profit margin: 14% (up from 7.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.