View Future GrowthWOL 3D India 과거 순이익 실적과거 기준 점검 1/6WOL 3D India은 연평균 33.9%의 비율로 수입이 증가해 온 반면, Tech 산업은 수입이 35.4% 증가했습니다. 매출은 연평균 48.3%의 비율로 증가했습니다. WOL 3D India의 자기자본이익률은 16.2%이고 순이익률은 9.7%입니다.핵심 정보33.93%순이익 성장률31.28%주당순이익(EPS) 성장률Tech 산업 성장률38.27%매출 성장률48.27%자기자본이익률16.18%순이익률9.69%다음 순이익 업데이트26 May 2026최근 과거 실적 업데이트공시 • May 19WOL 3D India Limited to Report Second Half, 2026 Results on May 26, 2026WOL 3D India Limited announced that they will report second half, 2026 results on May 26, 2026공시 • Nov 13WOL 3D India Limited to Report First Half, 2026 Results on Nov 13, 2025WOL 3D India Limited announced that they will report first half, 2026 results on Nov 13, 2025Reported Earnings • May 22Full year 2025 earnings released: EPS: ₹9.76 (vs ₹10.07 in FY 2024)Full year 2025 results: EPS: ₹9.76. Revenue: ₹493.2m (up 25% from FY 2024). Net income: ₹55.9m (up 11% from FY 2024). Profit margin: 11% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ₹195, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 24x in the Tech industry in India. Total returns to shareholders of 56% over the past year.공시 • May 19WOL 3D India Limited to Report Second Half, 2026 Results on May 26, 2026WOL 3D India Limited announced that they will report second half, 2026 results on May 26, 2026Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹133, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 22x in the Tech industry in India. Total loss to shareholders of 1.9% over the past year.Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹133, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 26x in the Tech industry in India. Total loss to shareholders of 3.8% over the past year.New Risk • Jan 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₹885.2m (US$9.81m) 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 (11% average weekly change). High level of non-cash earnings (49% accrual ratio). Market cap is less than US$10m (₹885.2m market cap, or US$9.81m).Valuation Update With 7 Day Price Move • Jan 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹137, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 26x in the Tech industry in India. Negligible returns to shareholders over past year.분석 기사 • Nov 19Further Upside For WOL 3D India Limited (NSE:WOL3D) Shares Could Introduce Price Risks After 37% BounceWOL 3D India Limited ( NSE:WOL3D ) shares have had a really impressive month, gaining 37% after a shaky period...New Risk • Nov 18New minor risk - Share price stabilityThe 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 High level of non-cash earnings (35% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹1.08b market cap, or US$12.2m).Valuation Update With 7 Day Price Move • Nov 18Investor sentiment improves as stock rises 29%After last week's 29% share price gain to ₹168, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 32x in the Tech industry in India. Total returns to shareholders of 23% over the past year.공시 • Nov 13WOL 3D India Limited to Report First Half, 2026 Results on Nov 13, 2025WOL 3D India Limited announced that they will report first half, 2026 results on Nov 13, 2025공시 • Sep 08WOL 3D India Limited, Annual General Meeting, Sep 30, 2025WOL 3D India Limited, Annual General Meeting, Sep 30, 2025, at 16:00 Indian Standard Time.New Risk • Aug 22New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₹871.7m (US$9.96m) 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 High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (₹871.7m market cap, or US$9.96m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).분석 기사 • Jul 17Even With A 30% Surge, Cautious Investors Are Not Rewarding WOL 3D India Limited's (NSE:WOL3D) Performance CompletelyWOL 3D India Limited ( NSE:WOL3D ) shares have had a really impressive month, gaining 30% after a shaky period...Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 32%After last week's 32% share price gain to ₹168, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 37x in the Tech industry in India.Reported Earnings • May 22Full year 2025 earnings released: EPS: ₹9.76 (vs ₹10.07 in FY 2024)Full year 2025 results: EPS: ₹9.76. Revenue: ₹493.2m (up 25% from FY 2024). Net income: ₹55.9m (up 11% from FY 2024). Profit margin: 11% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses.New Risk • May 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₹829.7m (US$9.72m) 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 (14% average weekly change). High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (₹829.7m market cap, or US$9.72m). Minor Risks High level of debt (45% net debt to equity). Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Revenue is less than US$5m (₹396m revenue, or US$4.6m).Buy Or Sell Opportunity • Apr 23Now 21% undervaluedOver the last 90 days, the stock has risen 8.4% to ₹141. The fair value is estimated to be ₹180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 68% over the last year. Earnings per share has grown by 109%.New Risk • Apr 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. 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 Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (20% accrual ratio). Minor Risks High level of debt (45% net debt to equity). Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Revenue is less than US$5m (₹396m revenue, or US$4.6m). Market cap is less than US$100m (₹903.3m market cap, or US$10.5m).Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 33%After last week's 33% share price gain to ₹135, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 51x in the Tech industry in India.Valuation Update With 7 Day Price Move • Feb 28Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₹109, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 49x in the Tech industry in India.New Risk • Jan 22New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₹839.1m (US$9.71m) 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 High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (₹839.1m market cap, or US$9.71m). Minor Risks High level of debt (45% net debt to equity). Revenue is less than US$5m (₹396m revenue, or US$4.6m).Buy Or Sell Opportunity • Nov 11Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at ₹153. The fair value is estimated to be ₹197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 61%.Buy Or Sell Opportunity • Oct 16Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at ₹156. The fair value is estimated to be ₹197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 61%.Board Change • Sep 30Less than half of directors are independentFollowing 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 Keyur Karia 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.매출 및 비용 세부 내역WOL 3D India가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NSEI:WOL3D 매출, 비용 및 순이익 (INR Millions)날짜매출순이익일반관리비연구개발비30 Sep 256706578030 Jun 255766066031 Mar 254825655031 Dec 244806649031 Mar 243965034031 Mar 232352413031 Mar 22197814031 Mar 21164913031 Mar 2089411031 Mar 19000031 Mar 18100031 Mar 170000양질의 수익: WOL3D의 비현금 수익 수준이 높습니다.이익 마진 증가: WOL3D의 현재 순 이익률 (9.7%)은 지난해 (13.4%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: WOL3D의 수익은 지난 5년 동안 연평균 33.9%로 크게 증가했습니다.성장 가속화: 지난 1년간 WOL3D 의 수익 증가율(7%)은 5년 평균(연간 33.9%)보다 낮습니다.수익 대 산업: WOL3D의 지난 1년 수익 증가율(7%)은 Tech 업계 평균(33.5%)을 능가하지 못했습니다.자기자본이익률높은 ROE: WOL3D의 자본 수익률(16.2%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 02:30종가2026/05/22 00:00수익2025/09/30연간 수익2025/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스WOL 3D India Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공시 • May 19WOL 3D India Limited to Report Second Half, 2026 Results on May 26, 2026WOL 3D India Limited announced that they will report second half, 2026 results on May 26, 2026
공시 • Nov 13WOL 3D India Limited to Report First Half, 2026 Results on Nov 13, 2025WOL 3D India Limited announced that they will report first half, 2026 results on Nov 13, 2025
Reported Earnings • May 22Full year 2025 earnings released: EPS: ₹9.76 (vs ₹10.07 in FY 2024)Full year 2025 results: EPS: ₹9.76. Revenue: ₹493.2m (up 25% from FY 2024). Net income: ₹55.9m (up 11% from FY 2024). Profit margin: 11% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ₹195, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 24x in the Tech industry in India. Total returns to shareholders of 56% over the past year.
공시 • May 19WOL 3D India Limited to Report Second Half, 2026 Results on May 26, 2026WOL 3D India Limited announced that they will report second half, 2026 results on May 26, 2026
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹133, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 22x in the Tech industry in India. Total loss to shareholders of 1.9% over the past year.
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹133, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 26x in the Tech industry in India. Total loss to shareholders of 3.8% over the past year.
New Risk • Jan 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₹885.2m (US$9.81m) 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 (11% average weekly change). High level of non-cash earnings (49% accrual ratio). Market cap is less than US$10m (₹885.2m market cap, or US$9.81m).
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹137, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 26x in the Tech industry in India. Negligible returns to shareholders over past year.
분석 기사 • Nov 19Further Upside For WOL 3D India Limited (NSE:WOL3D) Shares Could Introduce Price Risks After 37% BounceWOL 3D India Limited ( NSE:WOL3D ) shares have had a really impressive month, gaining 37% after a shaky period...
New Risk • Nov 18New minor risk - Share price stabilityThe 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 High level of non-cash earnings (35% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹1.08b market cap, or US$12.2m).
Valuation Update With 7 Day Price Move • Nov 18Investor sentiment improves as stock rises 29%After last week's 29% share price gain to ₹168, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 32x in the Tech industry in India. Total returns to shareholders of 23% over the past year.
공시 • Nov 13WOL 3D India Limited to Report First Half, 2026 Results on Nov 13, 2025WOL 3D India Limited announced that they will report first half, 2026 results on Nov 13, 2025
공시 • Sep 08WOL 3D India Limited, Annual General Meeting, Sep 30, 2025WOL 3D India Limited, Annual General Meeting, Sep 30, 2025, at 16:00 Indian Standard Time.
New Risk • Aug 22New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₹871.7m (US$9.96m) 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 High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (₹871.7m market cap, or US$9.96m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).
분석 기사 • Jul 17Even With A 30% Surge, Cautious Investors Are Not Rewarding WOL 3D India Limited's (NSE:WOL3D) Performance CompletelyWOL 3D India Limited ( NSE:WOL3D ) shares have had a really impressive month, gaining 30% after a shaky period...
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 32%After last week's 32% share price gain to ₹168, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 37x in the Tech industry in India.
Reported Earnings • May 22Full year 2025 earnings released: EPS: ₹9.76 (vs ₹10.07 in FY 2024)Full year 2025 results: EPS: ₹9.76. Revenue: ₹493.2m (up 25% from FY 2024). Net income: ₹55.9m (up 11% from FY 2024). Profit margin: 11% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses.
New Risk • May 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₹829.7m (US$9.72m) 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 (14% average weekly change). High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (₹829.7m market cap, or US$9.72m). Minor Risks High level of debt (45% net debt to equity). Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Revenue is less than US$5m (₹396m revenue, or US$4.6m).
Buy Or Sell Opportunity • Apr 23Now 21% undervaluedOver the last 90 days, the stock has risen 8.4% to ₹141. The fair value is estimated to be ₹180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 68% over the last year. Earnings per share has grown by 109%.
New Risk • Apr 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. 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 Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (20% accrual ratio). Minor Risks High level of debt (45% net debt to equity). Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Revenue is less than US$5m (₹396m revenue, or US$4.6m). Market cap is less than US$100m (₹903.3m market cap, or US$10.5m).
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 33%After last week's 33% share price gain to ₹135, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 51x in the Tech industry in India.
Valuation Update With 7 Day Price Move • Feb 28Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₹109, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 49x in the Tech industry in India.
New Risk • Jan 22New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ₹839.1m (US$9.71m) 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 High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (₹839.1m market cap, or US$9.71m). Minor Risks High level of debt (45% net debt to equity). Revenue is less than US$5m (₹396m revenue, or US$4.6m).
Buy Or Sell Opportunity • Nov 11Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at ₹153. The fair value is estimated to be ₹197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 61%.
Buy Or Sell Opportunity • Oct 16Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at ₹156. The fair value is estimated to be ₹197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 61%.
Board Change • Sep 30Less than half of directors are independentFollowing 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 Keyur Karia 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.