New Risk • Jun 20
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 9.2% 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 (9.2% average weekly change). Negative equity (-₹103b). Revenue is less than US$1m. Market cap is less than US$10m (₹369.9m market cap, or US$4.27m). Buy Or Sell Opportunity • May 16
Now 24% overvalued Over the last 90 days, the stock has fallen 21% to ₹2.59. The fair value is estimated to be ₹2.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 100% over the last year. Earnings per share has declined by 14%. Buy Or Sell Opportunity • Apr 11
Now 23% overvalued Over the last 90 days, the stock has fallen 40% to ₹2.56. The fair value is estimated to be ₹2.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 100% over the last year. Earnings per share has declined by 14%. New Risk • Apr 01
New major risk - Revenue and earnings growth Revenue has declined by 100% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹102b). Revenue has declined by 100% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (₹331.8m market cap, or US$3.88m). New Risk • Dec 11
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹102b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-₹102b). Revenue is less than US$1m. Market cap is less than US$10m (₹656.9m market cap, or US$7.74m). 공시 • Dec 09
Rolta India Limited, Annual General Meeting, Dec 28, 2024 Rolta India Limited, Annual General Meeting, Dec 28, 2024, at 12:00 Indian Standard Time. New Risk • Oct 01
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (₹560.7m market cap, or US$6.69m). Board Change • Jul 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive Independent Director Ramdas Gupta was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jul 23
Rolta India Limited Announces Cessation of Directors Rolta India Limited informed that Mr. Ramnath Pradeep (DIN: 02608230) and Ms. Homai Ardeshir Darwalla (DIN: 00365880) completed their 2nd term of office as Independent Directors with effect from 16th June, 2024 and 14th July, 2024 respectively and ceased to be an Independent Directors of the Company thereafter. New Risk • Jun 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. 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 Risks Shares are highly illiquid. Negative equity (-₹91b). Revenue has declined by 54% over the past year. Market cap is less than US$10m (₹693.4m market cap, or US$8.30m). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Revenue is less than US$5m (₹175m revenue, or US$2.1m). New Risk • Jun 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹812.9m (US$9.74m) 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 Shares are highly illiquid. Negative equity (-₹91b). Revenue has declined by 54% over the past year. Market cap is less than US$10m (₹812.9m market cap, or US$9.74m). Minor Risk Revenue is less than US$5m (₹175m revenue, or US$2.1m). 공시 • Apr 04
Ashdan Properties Reportedly Leads Race to Acquire Rolta India Ashdan Properties Private Limited has emerged as the frontrunner for the debt-laden Rolta India Limited (NSEI:ROLTA), beating unsolicited offers from Patanjali Ayurved Limited and Welspun Group's MGN Agro Properties Private Limited after multiple rounds of bidding and legal twists in the debt resolution of the defence-focused software company. Ashdan made a INR 8,500 million cash offer to creditors, beating bids by Patanjali and MGN, following which the committee of creditors (CoC) decided not to go ahead with another round of bidding, people familiar with the matter said. In February, the Mumbai bench of the National Company Law Tribunal (NCLT) had allowed lenders to seek rebids for Rolta following a plea by Baba Ramdev's Patanjali Ayurved to make an offer for the company after the deadline for submitting fresh bids lapsed. New Risk • Mar 31
New major risk - Revenue and earnings growth Revenue has declined by 54% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-₹91b). Revenue has declined by 54% over the past year. Market cap is less than US$10m (₹738.2m market cap, or US$8.86m). Minor Risk Revenue is less than US$5m (₹175m revenue, or US$2.1m). 공시 • Dec 07
Rolta India Limited, Annual General Meeting, Dec 30, 2023 Rolta India Limited, Annual General Meeting, Dec 30, 2023, at 12:00 Indian Standard Time. Agenda: To consider adoption of financial statements; to appoint Kamal Krishan Singh as a director; to consider re-appointment of Kamal Krishan Singh as managing director; to consider appointment of Rangarajan Sundaram as director of the company; to consider appointment of Rangarajan Sundaram an executive director of the company; and to consider other issues. New Risk • Oct 01
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid. Market cap is less than US$10m (₹298.6m market cap, or US$3.59m). New Risk • Jun 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2022. 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 Risks Negative equity (-₹78b). Revenue has declined by 97% over the past year. Market cap is less than US$10m (₹306.9m market cap, or US$3.74m). Minor Risks Latest financial reports are more than 6 months old (reported March 2022 fiscal period end). Revenue is less than US$5m (₹381m revenue, or US$4.6m). New Risk • Jun 11
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 Risks Negative equity (-₹78b). Revenue has declined by 97% over the past year. Market cap is less than US$10m (₹306.9m market cap, or US$3.72m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (₹381m revenue, or US$4.6m). 공시 • Feb 11
Rolta India Limited Announces Resignation of D. T, Kapadia as Chief Financial Officer Rolta India Limited announced the resignation the resignation of D. T, Kapadia as Chief Financial Officer with effect from 10th January 2023 received from Corporate Debtor on 10th February, 2023. Reason for Resignation: Health Issues and Personal Reason. 공시 • Jan 14
Rolta India Limited to Report Q2, 2023 Results on Jan 21, 2023 Rolta India Limited announced that they will report Q2, 2023 results on Jan 21, 2023 Reported Earnings • Dec 22
Full year 2022 earnings released Full year 2022 results: Net loss: ₹7.13b (loss narrowed 78% from FY 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 30
Full year 2022 earnings released: ₹42.96 loss per share (vs ₹197 loss in FY 2021) Full year 2022 results: ₹42.96 loss per share (improved from ₹197 loss in FY 2021). Net loss: ₹7.13b (loss narrowed 78% from FY 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 12
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: ₹4.08 loss per share (up from ₹17.65 loss in 3Q 2021). Revenue: ₹73.4m (down 97% from 3Q 2021). Net loss: ₹676.6m (loss narrowed 77% from 3Q 2021). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) were also behind analyst expectations. 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 7% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 11
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: ₹13.79 loss per share (up from ₹20.10 loss in 2Q 2021). Revenue: ₹91.2m (down 97% from 2Q 2021). Net loss: ₹2.29b (loss narrowed 31% from 2Q 2021). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 03
Full year 2021 earnings released: ₹197 loss per share (vs ₹55.15 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹12.8b (down 15% from FY 2020). Net loss: ₹32.6b (loss widened 257% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 09
New 90-day low: ₹4.05 The company is down 7.0% from its price of ₹4.35 on 11 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 22% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ₹6.50 The company is up 35% from its price of ₹4.80 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ₹6.05 The company is up 1.0% from its price of ₹6.00 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 13
New 90-day low: ₹4.15 The company is down 36% from its price of ₹6.50 on 14 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 19% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: ₹4.60 The company is down 20% from its price of ₹5.75 on 15 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 39% over the same period. Reported Earnings • Sep 18
First quarter earnings released Over the last 12 months the company has reported total losses of ₹28.8b, with losses narrowing by 24% from the prior year. Total revenue was ₹14.9b over the last 12 months, down 21% from the prior year.