Board Change • Jan 19
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. 1 experienced director. 3 highly experienced directors. Non Executive & Independent Director Kadambi Seshasayee was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Nov 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 8.6% 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 Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$10m (₹47.2m market cap, or US$527.8k). New Risk • Jul 06
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 8.7% 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 Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$10m (₹62.7m market cap, or US$732.8k). Board Change • Apr 07
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. 1 experienced director. 3 highly experienced directors. Non Executive & Independent Director Kadambi Seshasayee was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jan 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. 1 experienced director. 3 highly experienced directors. Non Executive & Independent Director Kadambi Seshasayee was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Nov 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 9.0% 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 Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$10m (₹31.3m market cap, or US$375.9k). New Risk • Aug 16
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 8.9% 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 Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$10m (₹31.3m market cap, or US$376.2k). Board Change • Mar 06
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. 1 experienced director. 3 highly experienced directors. Non Executive & Independent Director Kadambi Seshasayee was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 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. 1 experienced director. 3 highly experienced directors. Non Executive & Independent Director Kadambi Seshasayee was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • May 02
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. 1 experienced director. 3 highly experienced directors. Non Executive & Independent Director Kadambi Seshasayee was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Executive Departure • Oct 06
Company Secretary, Compliance Officer & Director Bidu Dash has left the company On the 30th of September, Bidu Dash's tenure as Company Secretary, Compliance Officer & Director ended after 4.1 years in the role. We don't have any record of a personal shareholding under Bidu's name. Bidu is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹2.82 loss per share (vs ₹0.75 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: ₹106.0m (down 42% from 1Q 2021). Net loss: ₹93.1m (loss widened 279% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 04
Full year 2021 earnings released: ₹6.66 loss per share (vs ₹10.57 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₹707.0m (down 19% from FY 2020). Net loss: ₹219.6m (loss narrowed 37% from FY 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 13
Third quarter 2021 earnings released: ₹1.92 loss per share The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: ₹171.8m (down 20% from 3Q 2020). Net loss: ₹63.5m (loss narrowed 7.6% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 66% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 04
New 90-day high: ₹1.25 The company is up 47% from its price of ₹0.85 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 Media industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ₹1.00 The company is up 5.0% from its price of ₹0.95 on 15 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is down 1.0% over the same period. Is New 90 Day High Low • Sep 23
New 90-day low: ₹0.80 The company is down 52% from its price of ₹1.65 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 Media industry, which is up 11% over the same period. Reported Earnings • Sep 18
First quarter earnings released Over the last 12 months the company has reported total losses of ₹263.5m, with losses narrowing by 46% from the prior year. Total revenue was ₹848.1m over the last 12 months, down 16% from the prior year.