Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹0.34 loss per share (vs ₹4.63 loss in 3Q 2025) Third quarter 2026 results: ₹0.34 loss per share (improved from ₹4.63 loss in 3Q 2025). Revenue: ₹96.0m (up 414% from 3Q 2025). Net loss: ₹7.80m (loss narrowed 91% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Board Change • Feb 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Independent Director Geeta Kakade was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 09
Ecoboard Industries Limited to Report Q3, 2026 Results on Feb 14, 2026 Ecoboard Industries Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 New Risk • Nov 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹815.6m (US$9.13m) 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 66% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Market cap is less than US$10m (₹815.6m market cap, or US$9.13m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Revenue is less than US$5m (₹102m revenue, or US$1.1m). Aankondiging • Nov 11
Ecoboard Industries Limited to Report Q2, 2026 Results on Nov 13, 2025 Ecoboard Industries Limited announced that they will report Q2, 2026 results on Nov 13, 2025 New Risk • Oct 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹51m). Earnings have declined by 67% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m (₹86m revenue, or US$980k). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹997.5m market cap, or US$11.4m). New Risk • Sep 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 (8.1% average weekly change). Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (₹791.4m market cap, or US$8.99m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (₹217m revenue, or US$2.5m). New Risk • Aug 19
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 8.1% 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 (8.1% average weekly change). Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (₹672.0m market cap, or US$7.72m). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (₹217m revenue, or US$2.5m). Aankondiging • Aug 18
Ecoboard Industries Limited, Annual General Meeting, Sep 30, 2025 Ecoboard Industries Limited, Annual General Meeting, Sep 30, 2025. Aankondiging • Aug 11
Ecoboard Industries Limited to Report Q1, 2026 Results on Aug 14, 2025 Ecoboard Industries Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • May 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (₹680.2m market cap, or US$7.96m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (₹217m revenue, or US$2.5m). Aankondiging • May 12
Ecoboard Industries Limited to Report Q4, 2025 Results on May 15, 2025 Ecoboard Industries Limited announced that they will report Q4, 2025 results on May 15, 2025 Aankondiging • Mar 18
Ecoboard Industries Limited Appoints Tanuja Anand Deshpande as Company Secretary and Compliance Officer Ecoboard Industries Limited at its Board of Directors meeting held on March 18, 2025, approved the appointment of CS Tanuja Anand Deshpande as Company Secretary and Compliance Officer of the Company, effective March 18, 2025. CS Tanuja Anand Deshpande is an Associate Member (No 38642) of the Institute of Company Secretaries of India. She has also completed her Masters in Economics from Pune University. She has an experience in handling various compliances under the Companies Act 2013 and liaisoning with various statutory authorities for the matters related to Companies Act. Reported Earnings • Feb 19
Third quarter 2025 earnings released: ₹4.63 loss per share (vs ₹0.12 loss in 3Q 2024) Third quarter 2025 results: ₹4.63 loss per share (further deteriorated from ₹0.12 loss in 3Q 2024). Revenue: ₹18.7m (down 79% from 3Q 2024). Net loss: ₹82.6m (loss widened ₹80.4m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 10
Ecoboard Industries Limited to Report Q3, 2025 Results on Feb 14, 2025 Ecoboard Industries Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Aankondiging • Dec 26
Ecoboard Industries Limited Announces Resignation of Siddheshwar Sunil Kadane as Company Secretary and Compliance Officer Ecoboard Industries Limited announced that CS Siddheshwar Sunil Kadane vide his letter dated 9th November, 2024 has tendered his resignation from the post of Company Secretary & Compliance Officer and a Key Managerial Personnel of the Company to pursue carrier opportunity outside the company with effect from closing of business hours of 23th December, 2024. New Risk • Nov 14
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 8.4% 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 Less than 1 year of cash runway based on free cash flow trend (-₹396k free cash flow). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (₹493.1m market cap, or US$5.84m). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Revenue is less than US$5m (₹318m revenue, or US$3.8m). Aankondiging • Nov 05
Ecoboard Industries Limited to Report Q2, 2025 Results on Nov 13, 2024 Ecoboard Industries Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Aankondiging • Oct 01
Ecoboard Industries Limited Announces Cessation of Uttam Sampatrao Kadam as Independent Director Ecoboard Industries Limited announced that Mr. Uttam Sampatrao Kadam (DIN: 01517289) ceased to be an Independent Director of the Company upon completion of their term of 10 (Ten) consecutive years with effect from closure of business hours on September 30, 2024 and consequently also ceased to be a member of committee(s) of the Board. Aankondiging • Jul 18
Ecoboard Industries Limited to Report Q1, 2025 Results on Jul 23, 2024 Ecoboard Industries Limited announced that they will report Q1, 2025 results on Jul 23, 2024 Reported Earnings • Jul 12
Full year 2024 earnings released: ₹4.07 loss per share (vs ₹1.76 loss in FY 2023) Full year 2024 results: ₹4.07 loss per share (further deteriorated from ₹1.76 loss in FY 2023). Revenue: ₹297.6m (down 23% from FY 2023). Net loss: ₹72.7m (loss widened 131% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 184 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 10
Ecoboard Industries Limited, Annual General Meeting, Jul 31, 2024 Ecoboard Industries Limited, Annual General Meeting, Jul 31, 2024, at 11:00 Indian Standard Time. Reported Earnings • May 28
Full year 2024 earnings released: ₹4.07 loss per share (vs ₹1.76 loss in FY 2023) Full year 2024 results: ₹4.07 loss per share (further deteriorated from ₹1.76 loss in FY 2023). Revenue: ₹299.2m (down 23% from FY 2023). Net loss: ₹72.7m (loss widened 131% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 201 percentage points per year, which is a significant difference in performance. Aankondiging • May 19
Ecoboard Industries Limited to Report Q4, 2024 Results on May 25, 2024 Ecoboard Industries Limited announced that they will report Q4, 2024 results at 3:30 PM, Indian Standard Time on May 25, 2024 New Risk • Feb 17
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Less than 1 year of cash runway based on free cash flow trend (-₹3.5m free cash flow). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (₹511.4m market cap, or US$6.16m). Minor Risk Revenue is less than US$5m (₹248m revenue, or US$3.0m). Aankondiging • Feb 03
Ecoboard Industries Limited to Report Q3, 2024 Results on Feb 10, 2024 Ecoboard Industries Limited announced that they will report Q3, 2024 results on Feb 10, 2024 Aankondiging • Dec 08
Ecoboard Industries Limited Appoints Siddheshwar Sunil Kadane, as Company Secretary & Compliance Officer Ecoboard Industries Limited announced that the Board of Directors of the Company at its meeting held on December 08, 2023 has appointed Mr. Siddheshwar Sunil Kadane, as Company Secretary & Compliance Officer with immediate effect pursuant to Regulation 6 of the SEBI {LODR) Regulations, 2015. Reported Earnings • Nov 10
Second quarter 2024 earnings released: ₹0.95 loss per share (vs ₹0.49 profit in 2Q 2023) Second quarter 2024 results: ₹0.95 loss per share (down from ₹0.49 profit in 2Q 2023). Revenue: ₹65.1m (down 36% from 2Q 2023). Net loss: ₹17.0m (down 295% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 158 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 22
Ecoboard Industries Limited Announces Resignation of Shilpa Soni as Company Secretary / Compliance Officer Ecoboard Industries Limited announced that Ms. Shilpa Soni resigned as a Company Secretary cum Compliance Officer on September 19, 2023. The company has accepted her resignation and will be relieved from her responsibilities effective from 20 October, 2023. Consequent to her resignation as Company Secretary, Ms. Shilpa Soni will also cease to be the Compliance officer of the Company. Aankondiging • Aug 22
Ecoboard Industries Limited, Annual General Meeting, Sep 11, 2023 Ecoboard Industries Limited, Annual General Meeting, Sep 11, 2023, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial statements of the Company for the Financial Year ended 31 March, 2023 including the audited Balance Sheet as at 31 March, 2023 and the Statement of Profit and Loss for the year ended on that date together with the reports of the Board of Directors and the Statutory Auditors thereon; to appoint a Director in place of Mr. Praveen Kumar Raju Gottumukkala, Whole Time Director and Chief Financial Officer (CFO) of the Company; to consider re-appointment of Mr. Praveen Kumar Raju Gottumukkala as whole time director and CFO of the company; and to transact other business. Reported Earnings • Aug 16
First quarter 2024 earnings released: ₹1.79 loss per share (vs ₹1.03 profit in 1Q 2023) First quarter 2024 results: ₹1.79 loss per share (down from ₹1.03 profit in 1Q 2023). Revenue: ₹37.3m (down 79% from 1Q 2023). Net loss: ₹31.9m (down 274% from profit in 1Q 2023). 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 94% per year, which means it is well ahead of earnings. Aankondiging • Aug 06
Ecoboard Industries Limited to Report Q1, 2024 Results on Aug 14, 2023 Ecoboard Industries Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: ₹1.22 loss per share (vs ₹0.72 profit in 3Q 2022) Third quarter 2023 results: ₹1.22 loss per share (down from ₹0.72 profit in 3Q 2022). Revenue: ₹51.4m (down 55% from 3Q 2022). Net loss: ₹21.7m (down 270% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 85% per year, which means it is well ahead of earnings. Aankondiging • Feb 03
Ecoboard Industries Limited to Report Q3, 2023 Results on Feb 11, 2023 Ecoboard Industries Limited announced that they will report Q3, 2023 results on Feb 11, 2023 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. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Siva Kalive was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 06
Ecoboard Industries Limited to Report Q2, 2023 Results on Nov 14, 2022 Ecoboard Industries Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹43.35, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 16x in the Forestry industry in India. Total returns to shareholders of 2,182% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 19% share price gain to ₹34.45, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 1,623% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 18% share price gain to ₹31.00, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 1,450% over the past three years. Aankondiging • Aug 07
Ecoboard Industries Limited, Annual General Meeting, Sep 02, 2022 Ecoboard Industries Limited, Annual General Meeting, Sep 02, 2022, at 11:00 Indian Standard Time. Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: ₹1.03 (vs ₹0.36 in 1Q 2022) First quarter 2023 results: EPS: ₹1.03 (up from ₹0.36 in 1Q 2022). Revenue: ₹178.4m (up 177% from 1Q 2022). Net income: ₹18.3m (up 182% from 1Q 2022). Profit margin: 10% (in line with 1Q 2022). 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 144% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 28
Ecoboard Industries Limited to Report Q1, 2023 Results on Aug 04, 2022 Ecoboard Industries Limited announced that they will report Q1, 2023 results on Aug 04, 2022 Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹20.25, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 12x in the Forestry industry in India. Total returns to shareholders of 842% over the past three years. 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. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Siva Kalive was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₹30.95, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 1,269% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₹27.00, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 9x in the Forestry industry in India. Total returns to shareholders of 1,095% 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 21% share price decline to ₹22.55, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 13x in the Forestry industry in India. Total returns to shareholders of 898% over the past three years. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.72 (up from ₹0.35 loss in 3Q 2021). Revenue: ₹114.8m (up 142% from 3Q 2021). Net income: ₹12.8m (up ₹18.9m from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 128% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 19% share price gain to ₹25.20, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 13x in the Forestry industry in India. Total returns to shareholders of 959% over the past three years. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹0.66 (vs ₹0.72 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹131.8m (up 350% from 2Q 2021). Net income: ₹11.8m (up ₹24.7m from 2Q 2021). Profit margin: 8.9% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₹20.80, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 774% over the past three years. Recent Insider Transactions • Oct 08
Insider recently sold ₹1.1m worth of stock On the 30th of September, Jayalakshmi Gottumukkla sold around 67k shares on-market at roughly ₹16.01 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improved over the past week After last week's 21% share price gain to ₹15.21, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 508% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹6.42 (vs ₹8.45 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹150.2m (up 25% from FY 2020). Net income: ₹112.6m (down 25% from FY 2020). Profit margin: 75% (down from 125% in FY 2020). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 07
New 90-day high: ₹4.51 The company is up 54% from its price of ₹2.92 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 16% over the same period. Aankondiging • Dec 04
Ecoboard Industries Ltd. Announces Appointment of Shilpa Soni as Company Secretary & Compliance Officer Ecoboard Industries Limited announced that Ms. Shilpa Soni has been appointed as Company Secretary and Compliance Officer of the company with effect from December 03, 2020. Reported Earnings • Nov 16
Second quarter 2021 earnings released: ₹0.72 loss per share The company reported a mediocre second quarter result with weaker earnings and control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: ₹29.5m (up 50% from 2Q 2020). Net loss: ₹12.9m (down 119% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Nov 14
Ecoboard Industries Limited Announces Resignation of Satish Kolhe as Company Secretary Cum Compliance Officer Ecoboard Industries Limited announced resignation of Mr. Satish Kolhe as company secretary cum compliance officer of company with effect from November 13, 2020. Is New 90 Day High Low • Oct 22
New 90-day high: ₹3.46 The company is up 8.0% from its price of ₹3.20 on 24 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 3.0% over the same period. Aankondiging • Jul 26
Ecoboard Industries Limited to Report Q4, 2020 Results on Jul 30, 2020 Ecoboard Industries Limited announced that they will report Q4, 2020 results on Jul 30, 2020