Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹0.27 (vs ₹16.08 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.27 (up from ₹16.08 loss in 3Q 2025). Revenue: ₹115.9m (up 44% from 3Q 2025). Net income: ₹13.0m (up ₹776.9m from 3Q 2025). Profit margin: 11% (up from net loss in 3Q 2025). The move to profitability was primarily 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 104 percentage points per year, which is a significant difference in performance. 공지 • Feb 04
Energy Development Company Limited to Report Q3, 2026 Results on Feb 13, 2026 Energy Development Company Limited announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Dec 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹898.2m (US$9.99m) 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). Earnings have declined by 81% per year over the past 5 years. Market cap is less than US$10m (₹898.2m market cap, or US$9.99m). Minor Risk Revenue is less than US$5m (₹418m revenue, or US$4.7m). New Risk • Nov 18
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 81% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (₹417m revenue, or US$4.7m). Market cap is less than US$100m (₹1.26b market cap, or US$14.3m). Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹2.22 (vs ₹1.38 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.22 (up from ₹1.38 in 2Q 2025). Revenue: ₹209.9m (up 39% from 2Q 2025). Net income: ₹105.7m (up 61% from 2Q 2025). Profit margin: 50% (up from 43% in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 141 percentage points per year, which is a significant difference in performance. 공지 • Nov 03
Energy Development Company Limited to Report Q2, 2026 Results on Nov 12, 2025 Energy Development Company Limited announced that they will report Q2, 2026 results on Nov 12, 2025 공지 • Sep 04
Energy Development Company Limited, Annual General Meeting, Sep 27, 2025 Energy Development Company Limited, Annual General Meeting, Sep 27, 2025, at 12:00 Indian Standard Time. Reported Earnings • Aug 06
First quarter 2026 earnings released: EPS: ₹0.35 (vs ₹0.10 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.35 (up from ₹0.10 loss in 1Q 2025). Revenue: ₹105.5m (up 56% from 1Q 2025). Net income: ₹16.5m (up ₹21.0m from 1Q 2025). Profit margin: 16% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 152 percentage points per year, which is a significant difference in performance. 공지 • Jul 26
Energy Development Company Limited to Report Q1, 2026 Results on Aug 05, 2025 Energy Development Company Limited announced that they will report Q1, 2026 results on Aug 05, 2025 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 9.2% 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 Negative equity (-₹26m). Earnings have declined by 72% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Revenue is less than US$5m (₹328m revenue, or US$3.8m). Market cap is less than US$100m (₹1.25b market cap, or US$14.6m). New Risk • Jun 07
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹26m 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 Negative equity (-₹26m). Earnings have declined by 72% per year over the past 5 years. Minor Risks Revenue is less than US$5m (₹328m revenue, or US$3.8m). Market cap is less than US$100m (₹917.2m market cap, or US$10.7m). 공지 • May 20
Energy Development Company Limited to Report Q4, 2025 Results on May 28, 2025 Energy Development Company Limited announced that they will report Q4, 2025 results on May 28, 2025 New Risk • May 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹821.3m (US$9.73m) 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 Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (₹821.3m market cap, or US$9.73m). Minor Risk Revenue is less than US$5m (₹339m revenue, or US$4.0m). New Risk • Feb 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹868.3m (US$9.99m) 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 Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (₹868.3m market cap, or US$9.99m). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (₹339m revenue, or US$3.9m). Reported Earnings • Feb 12
Third quarter 2025 earnings released: ₹16.08 loss per share (vs ₹0.35 profit in 3Q 2024) Third quarter 2025 results: ₹16.08 loss per share (down from ₹0.35 profit in 3Q 2024). Revenue: ₹80.7m (down 12% from 3Q 2024). Net loss: ₹763.9m (down ₹780.3m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance. 공지 • Feb 01
Energy Development Company Limited to Report Q3, 2025 Results on Feb 10, 2025 Energy Development Company Limited announced that they will report Q3, 2025 results on Feb 10, 2025 New Risk • Dec 20
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 7.6% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (₹350m revenue, or US$4.1m). Market cap is less than US$100m (₹1.52b market cap, or US$17.8m). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹31.44, the stock trades at a trailing P/E ratio of 58x. Average trailing P/E is 37x in the Electric Utilities industry in India. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹28.18, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 35x in the Electric Utilities industry in India. Total returns to shareholders of 67% over the past three years. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹1.38 (vs ₹0.62 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.38 (up from ₹0.62 in 2Q 2024). Revenue: ₹154.2m (up 40% from 2Q 2024). Net income: ₹65.5m (up 123% from 2Q 2024). Profit margin: 43% (up from 27% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. 공지 • Oct 03
Energy Development Company Limited Announces Resignation of Neha Purohit as Additional Independent Director Energy Development Company Limited announced that Ms. Neha Purohit, Additional Independent Director has resigned from the Board of Directors of the Company with effect from close of business hours on 30th September, 2024 due to personal reasons. New Risk • Sep 17
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 Risk No financial data reported. Minor Risk Market cap is less than US$100m (₹1.24b market cap, or US$14.8m). 공지 • Sep 10
Energy Development Company Limited, Annual General Meeting, Sep 30, 2024 Energy Development Company Limited, Annual General Meeting, Sep 30, 2024, at 12:00 Indian Standard Time. 공지 • Sep 05
Energy Development Company Limited Announces Resignation of Vijayshree Binnani as Company Secretary and Compliance Officer Energy Development Company Limited announced that Ms. Vijayshree Binnani has tendered her resignation from the post of Company Secretary and all other statutory /designated positions in the Company with effect from the close of Business hours on 03rd September, 2024 due to personal reasons. Board Change • Sep 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Additional Non-Executive Non Independent Nitin Sharma was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 24
First quarter 2025 earnings released: ₹0.10 loss per share (vs ₹0.34 loss in 1Q 2024) First quarter 2025 results: ₹0.10 loss per share (improved from ₹0.34 loss in 1Q 2024). Revenue: ₹71.3m (up 22% from 1Q 2024). Net loss: ₹4.58m (loss narrowed 72% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. 공지 • Aug 24
Energy Development Company Limited Announces Director Appointments Energy Development Company Limited at its Board of Directors of the Company in its meeting held on 23 August, 2024, approved the appointed the Mr. Prakash Chandra Gupta as an Additional Director (Category: Independent) of the Company with effect from 23rd August, 2024. Mrs. Neha Purohit (DIN: 07956781) as an Additional Director (Category: Independent) of the Company with effect from 23rd August, 2024. Ms. Vandana (DIN: 10727940) appointed as an Additional Director (Category: Independent) of the Company. Mr. Nitin Dutt Sharma (DIN: 09446669) appointed as an Additional Director (Category: Non-executive Non - independent) of the Company with effect from 23 rd August, 2024. Mr. Prakash Chandra Gupta has more than three decades of experience management and also rich experience of media management. Mrs. Neha Purohit has done B.com (Hons.) She has more than a decade of experience in merchant banking and management. Ms. Vandana is a civil engineer with over a decade of experience in collaborating with industry - leading companies in energy, construction and telecom infra. Mr. Nitin Dutt Sharma has done B. Tech (Civil Emgineering) MDU, Rohtak. He also has rich experience of over a decade in administrative compliance & management and overall project operations. 공지 • Aug 08
Energy Development Company Limited to Report Q1, 2025 Results on Aug 14, 2024 Energy Development Company Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 14, 2024 공지 • Jun 19
Energy Development Company Limited Announces Resignation of Neha Purohit from Board Energy Development Company Limited announced that Ms. Neha Purohit (DIN: 07956781), Additional Independent Director has resigned from the Board of Directors of the Company with effect from close of business hours on18th June, 2024 due to personal reasons. Ms. Neha Purohit has confirmed that there is no other material reason other than the reason provided above. Reported Earnings • Jun 04
Full year 2024 earnings released: ₹0.46 loss per share (vs ₹0.89 profit in FY 2023) Full year 2024 results: ₹0.46 loss per share (down from ₹0.89 profit in FY 2023). Revenue: ₹317.4m (down 15% from FY 2023). Net loss: ₹21.7m (down 152% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. 공지 • May 23
Energy Development Company Limited to Report Q4, 2024 Results on May 29, 2024 Energy Development Company Limited announced that they will report Q4, 2024 results on May 29, 2024 New Risk • Apr 19
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). Revenue is less than US$5m (₹296m revenue, or US$3.5m). Market cap is less than US$100m (₹1.17b market cap, or US$14.0m). Buy Or Sell Opportunity • Apr 01
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to ₹23.05. The fair value is estimated to be ₹19.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Mar 12
Now 22% overvalued Over the last 90 days, the stock has fallen 34% to ₹22.45. The fair value is estimated to be ₹18.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. 공지 • Feb 22
Energy Development Company Limited Announces Resignation Neha Purohit as Additional Independent Director Energy Development Company Limited informed that Ms. Neha Purohit (DIN: 07956781), Additional Independent Director has resigned from the Board of Directors of the Company with effect from close of business hours on February 21, 2024 due to personal reasons. Ms. Neha Purohit has confirmed that there is no other material reason other than the reason provided above. Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: ₹0.35 (vs ₹0.26 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.35 (up from ₹0.26 in 3Q 2023). Revenue: ₹95.1m (down 1.4% from 3Q 2023). Net income: ₹16.4m (up 2.7% from 3Q 2023). Profit margin: 17% (in line with 3Q 2023). 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 37% per year, which means it is well ahead of earnings. 공지 • Jan 26
Energy Development Company Limited to Report Q3, 2024 Results on Feb 02, 2024 Energy Development Company Limited announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Dec 20
Second quarter 2024 earnings released: EPS: ₹0.62 (vs ₹1.62 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.62 (down from ₹1.62 in 2Q 2023). Revenue: ₹113.0m (down 32% from 2Q 2023). Net income: ₹29.4m (down 64% from 2Q 2023). Profit margin: 26% (down from 49% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. 공지 • Dec 12
Energy Development Company Limited to Report Q2, 2024 Results on Dec 18, 2023 Energy Development Company Limited announced that they will report Q2, 2024 results on Dec 18, 2023 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to ₹26.15, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 29x in the Electric Utilities industry in India. Total returns to shareholders of 166% over the past three years. 공지 • Nov 24
Energy Development Company Limited Appoints Neha Purohit as an Additional Director Energy Development Company Limited announced the Board of Directors of the Company in its meeting held on 23rd November, 2023 have appointed Ms. Neha Purohit (DIN: 07956781) as an Additional Director (Category: Independent) of the Company with effect from 23rd November, 2023. Ms. Neha Purohit is not debarred from holding the office of Director by virtue of any SEBI order or any other authority and her brief profile is enclosed herewith. 공지 • Nov 03
Energy Development Company Limited to Report Q2, 2024 Results on Nov 09, 2023 Energy Development Company Limited announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Oct 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹822.2m (US$9.88m) 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 Interest payments are not well covered by earnings (1.1x net interest cover). Market cap is less than US$10m (₹822.2m market cap, or US$9.88m). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.8% net profit margin). Revenue is less than US$5m (₹357m revenue, or US$4.3m). 공지 • Sep 09
Energy Development Company Limited, Annual General Meeting, Sep 30, 2023 Energy Development Company Limited, Annual General Meeting, Sep 30, 2023, at 12:00 Indian Standard Time. Location: Harangi Hydroelectric Project, Village Hulugunda, Taluka Somawarpet Kodagu Karnataka India Agenda: To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended on March 31, 2023 along with the Reports of the Board of Directors and Auditors thereon; to appoint a Director in place of Mrs. Pankaja Kumari Singh, who retires by rotation at this Annual General Meeting and being eligible has offered herself for re-appointment; to consider remuneration of cost auditors; and to consider other business issues. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹20.40, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 20x in the Electric Utilities industry in India. Total returns to shareholders of 233% over the past three years. 공지 • Sep 01
Energy Development Company Limited Approves Appointment of Dharam Veer Sharma as Independent Director Energy Development Company Limited at its AGM held on August 29, 2023, approved to appoint Dharam Veer Sharma (DIN: 01363759) as an Independent Director. New Risk • Aug 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Interest payments are not well covered by earnings (1.1x net interest cover). Market cap is less than US$10m (₹783.8m market cap, or US$9.43m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Revenue is less than US$5m (₹389m revenue, or US$4.7m). 공지 • Aug 04
Energy Development Company Limited to Report Q1, 2024 Results on Aug 10, 2023 Energy Development Company Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Board Change • Jun 28
Less than half of directors are independent Following 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. 3 non-independent directors. Independent Director Vishal Sharma 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. 공지 • May 24
Energy Development Company Limited Announces Resignation of Rohit Pandit as Director Energy Development Company Limited informed that Mr. Rohit Pandit (DIN: 03409093), Independent Director has resigned from the Board of Directors of the Company with effect from close of business hours on 20th May, 2023 due to personal resons and pre-occupation. Mr. Rohit Pandit has confirmed that there is no other material reason other than thereason provided above. 공지 • May 19
Energy Development Company Limited to Report Q4, 2023 Results on May 25, 2023 Energy Development Company Limited announced that they will report Q4, 2023 results on May 25, 2023 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹17.15, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 18x in the Electric Utilities industry in India. Total returns to shareholders of 307% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.26 (vs ₹0.043 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.26 (up from ₹0.043 in 3Q 2022). Revenue: ₹103.3m (up 25% from 3Q 2022). Net income: ₹16.0m (up ₹14.2m from 3Q 2022). Profit margin: 16% (up from 2.2% 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 98% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. 공지 • Feb 07
Energy Development Company Limited to Report Q3, 2023 Results on Feb 14, 2023 Energy Development Company Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹17.25, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 22x in the Electric Utilities industry in India. Total returns to shareholders of 203% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 19% share price gain to ₹23.20, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 24x in the Electric Utilities industry in India. Total returns to shareholders of 340% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 21% share price gain to ₹21.45, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 29x in the Electric Utilities industry in India. Total returns to shareholders of 207% over the past three years. Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: ₹0.11 (vs ₹0.18 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.11 (up from ₹0.18 loss in 1Q 2022). Revenue: ₹96.4m (up 11% from 1Q 2022). Net income: ₹8.97m (up ₹13.8m from 1Q 2022). Profit margin: 9.3% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 31
Full year 2022 earnings released: EPS: ₹2.08 (vs ₹1.01 loss in FY 2021) Full year 2022 results: EPS: ₹2.08 (up from ₹1.01 loss in FY 2021). Revenue: ₹429.8m (up 37% from FY 2021). Net income: ₹87.2m (up ₹134.9m from FY 2021). Profit margin: 20% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 24% share price gain to ₹18.85, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 31x in the Electric Utilities industry in India. Total returns to shareholders of 214% over the past three years. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Chairperson Pankaja Singh is the most experienced director on the board, commencing their role in 1996. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 16% share price gain to ₹19.95, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 17x in the Electric Utilities industry in India. Total returns to shareholders of 149% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹23.65, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 21x in the Electric Utilities industry in India. Total returns to shareholders of 202% over the past three years. Board Change • Feb 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Chairperson Pankaja Singh is the most experienced director on the board, commencing their role in 1996. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹20.65, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 21x in the Electric Utilities industry in India. Total returns to shareholders of 109% over the past three years. Executive Departure • Dec 01
Executive Director Vinod Sharma has left the company On the 26th of November, Vinod Sharma's tenure as Executive Director ended. We don't have any record of a personal shareholding under Vinod's name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 21% share price gain to ₹17.65, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 20x in the Electric Utilities industry in India. Total returns to shareholders of 85% over the past three years. Board Change • Sep 19
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Executive Director Vinod Sharma is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Executive Departure • Jul 23
Chief Financial Officer Sunil Sharma has left the company On the 16th of July, Sunil Sharma's tenure as Chief Financial Officer ended after 3.1 years in the role. We don't have any record of a personal shareholding under Sunil's name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 26% share price gain to ₹12.25, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 17x in the Electric Utilities industry in India. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹10.00, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 20x in the Electric Utilities industry in India. Total loss to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹11.45, the stock is trading at a trailing P/E ratio of 18.4x, down from the previous P/E ratio of 22.4x. This compares to an average P/E of 18x in the Electric Utilities industry in India. Total return to shareholders over the past three years is a loss of 49%. Is New 90 Day High Low • Jan 06
New 90-day high: ₹11.35 The company is up 97% from its price of ₹5.75 on 08 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 20% share price gain to ₹10.20, the stock is trading at a trailing P/E ratio of 15x, up from the previous P/E ratio of 12.5x. This compares to an average P/E of 15x in the Electric Utilities industry in India. Total return to shareholders over the past three years is a loss of 65%. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹8.75, the stock is trading at a trailing P/E ratio of 14x, down from the previous P/E ratio of 18x. This compares to an average P/E of 14x in the Electric Utilities industry in India. Total return to shareholders over the past three years is a loss of 74%. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 27% share price gain to ₹8.30, the stock is trading at a trailing P/E ratio of 11.6x, up from the previous P/E ratio of 9.1x. This compares to an average P/E of 14x in the Electric Utilities industry in India. Total return to shareholders over the past three years is a loss of 66%. Is New 90 Day High Low • Dec 07
New 90-day high: ₹7.55 The company is up 16% from its price of ₹6.50 on 08 September 2020. The Indian market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Electric Utilities industry, which is up 18% over the same period.