New Risk • Apr 01
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 9.3% 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 Market cap is less than US$10m (₹532.0m market cap, or US$5.70m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.3% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹99.60, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹137, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 64% over the past three years. New Risk • Dec 02
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹450m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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 (58% accrual ratio). Market cap is less than US$10m (₹816.6m market cap, or US$9.08m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.7% net profit margin). Revenue is less than US$5m (₹450m revenue, or US$5.0m). Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹0.75 (vs ₹2.79 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.75 (down from ₹2.79 in 2Q 2025). Revenue: ₹118.1m (up 15% from 2Q 2025). Net income: ₹3.46m (down 73% from 2Q 2025). Profit margin: 2.9% (down from 13% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 38% per year. New Risk • Oct 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹885.1m (US$9.98m) 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 Risk Market cap is less than US$10m (₹885.1m market cap, or US$9.98m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Aankondiging • Sep 24
Aeonx Digital Technology Limited Approves Dividend for the Year Ended 31 March 2025 Aeonx Digital Technology Limited at its AGM held on September 23, 2025, approve to declare a dividend of INR 1.00/- per equity share for the financial year ended 31st March, 2025. Aankondiging • Sep 16
Aeonx Digital Technology Limited announced that it has received INR 9.811713 million in funding from Aura Alkalies And Chemicals Private Limited On September 15, 2025, the Aeonx Digital Technology Limited closed the transaction by issuing 2,41,000 Convertible Warrants at an issue price of INR 40.7125 for the proceeds of INR 9,811,712.5. The transaction is approved by board of directors. The transaction involved participation of Aura Alkalies and Chemicals Private Limited as an investor. The exercise price of warrant is INR 122.1375. Aankondiging • Sep 01
Aeonx Digital Technology Limited, Annual General Meeting, Sep 23, 2025 Aeonx Digital Technology Limited, Annual General Meeting, Sep 23, 2025, at 13:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 6.6% After last week's 6.6% share price gain to ₹187, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 26x in the Chemicals industry in India. Total returns to shareholders of 130% over the past three years. Declared Dividend • Sep 01
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 16th September 2025 Payment date: 23rd October 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹1.07 (vs ₹1.31 in 1Q 2025) First quarter 2026 results: EPS: ₹1.07 (down from ₹1.31 in 1Q 2025). Revenue: ₹173.2m (up 167% from 1Q 2025). Net income: ₹4.91m (down 18% from 1Q 2025). Profit margin: 2.8% (down from 9.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. New Risk • Aug 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.1% 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). High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (₹836.6m market cap, or US$9.54m). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₹348m revenue, or US$4.0m). New Risk • Aug 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹857.0m (US$9.78m) 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 (₹857.0m market cap, or US$9.78m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (₹348m revenue, or US$4.0m). Aankondiging • Aug 02
Aeonx Digital Technology Limited to Report Q1, 2026 Results on Aug 07, 2025 Aeonx Digital Technology Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹217, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 169% over the past three years. New Risk • Jul 02
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 High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (₹348m revenue, or US$4.1m). Market cap is less than US$100m (₹891.8m market cap, or US$10.4m). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹169, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 112% over the past three years. Aankondiging • May 30
Aeonx Digital Technology Limited Recommends Dividend for the Year Ended March 31, 2025 The board of Aeonx Digital Technology Limited in a meeting held on May 28, 2025 recommended a dividend @ 10% that is INR 1.00 per Equity Shares (face value of INR 10/- each) of the Company for the year ended 31st March, 2025, subject to the approval of the shareholders at the upcoming Annual General Meeting of the Company. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹8.80 (vs ₹5.93 in FY 2024) Full year 2025 results: EPS: ₹8.80 (up from ₹5.93 in FY 2024). Revenue: ₹398.4m (up 16% from FY 2024). Net income: ₹40.5m (up 48% from FY 2024). Profit margin: 10% (up from 8.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹175, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 26x in the Chemicals industry in India. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹150, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹165, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 90% over the past three years. Aankondiging • Feb 11
Aeonx Digital Technology Limited Announces Cessation of Hina Shah as Independent Director of the Company Aeonx Digital Technology Limited informed that Mrs. Hina Shah (DIN: 08335130) will cease to be an Independent Director of the Company with effect from the close of business hours on 11th February, 2025, consequent to
completion of her 2nd term of appointment as Independent Director. The Board of Directors and the Management of the Company place on record their deep appreciation for the contribution and guidance provided by Mrs. Hina Shah during her association with the Company over the years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹1.81 (vs ₹0.95 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹1.81 (up from ₹0.95 loss in 3Q 2024). Revenue: ₹97.7m (up 9.4% from 3Q 2024). Net income: ₹8.34m (up ₹12.7m from 3Q 2024). Profit margin: 8.5% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. New Risk • Jan 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹846.5m (US$9.78m) 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 (27% accrual ratio). Market cap is less than US$10m (₹846.5m market cap, or US$9.78m). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₹358m revenue, or US$4.1m). Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹184, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹259, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 32x in the Chemicals industry in India. Total returns to shareholders of 180% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₹260, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 33x in the Chemicals industry in India. Total returns to shareholders of 176% over the past three years. New Risk • Nov 26
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 High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (₹358m revenue, or US$4.2m). Market cap is less than US$100m (₹846.9m market cap, or US$10.0m). Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹184, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 102% over the past three years. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹2.79 (vs ₹0.98 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.79 (up from ₹0.98 in 2Q 2024). Revenue: ₹114.5m (up 53% from 2Q 2024). Net income: ₹12.8m (up 185% from 2Q 2024). Profit margin: 11% (up from 6.0% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹155, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 36x in the Chemicals industry in India. Total returns to shareholders of 72% over the past three years. Aankondiging • Sep 26
Aeonx Digital Technology Limited Announces Cessation of Manoj Ganatra as Independent Director Aeonx Digital Technology Limited announced that Mr. Manoj Ganatra (DIN: 00568914) will cease to be an Independent Director of the Company with effect from the close of business hours on 25th September, 2024, consequent to completion of his 2nd term of appointment as Independent Director. Aankondiging • Sep 06
Aeonx Digital Technology Limited, Annual General Meeting, Sep 27, 2024 Aeonx Digital Technology Limited, Annual General Meeting, Sep 27, 2024, at 15:30 Indian Standard Time. Declared Dividend • Sep 06
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 20th September 2024 Payment date: 27th October 2024 Dividend yield will be 0.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. Earnings per share has grown by 63% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Non-Executive Non-Independent Director Manan Shah was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: ₹1.31 (vs ₹0.07 loss in 1Q 2024) First quarter 2025 results: EPS: ₹1.31 (up from ₹0.07 loss in 1Q 2024). Revenue: ₹75.5m (down 3.5% from 1Q 2024). Net income: ₹6.02m (up ₹6.35m from 1Q 2024). Profit margin: 8.0% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Aankondiging • Aug 15
Aeonx Digital Technology Limited Approves Appointment of Mahendra Rane as Chief Financial Officer Aeonx Digital Technology Limited at its meeting held on August 14, 2024 approved appointment of Mr. Mahendra Rane as Chief Financial Officer of the Company with effect from August 14, 2024. Mr. Mahendra Shantaram Rane have done CA (PCC) and Graduation from University of Mumbai. He has total work experience of more than 15 years in Financial Reporting, Taxation, Audits, etc. Aankondiging • Aug 09
Aeonx Digital Technology Limited to Report Q1, 2025 Results on Aug 14, 2024 Aeonx Digital Technology Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹128, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹106, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 14% over the past three years. Reported Earnings • May 19
Full year 2024 earnings released: EPS: ₹5.93 (vs ₹4.90 in FY 2023) Full year 2024 results: EPS: ₹5.93 (up from ₹4.90 in FY 2023). Revenue: ₹376.0m (up 36% from FY 2023). Net income: ₹27.3m (up 21% from FY 2023). Profit margin: 7.3% (down from 8.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Aankondiging • May 12
Aeonx Digital Technology Limited to Report Q4, 2024 Results on May 17, 2024 Aeonx Digital Technology Limited announced that they will report Q4, 2024 results on May 17, 2024 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹149, the stock trades at a trailing P/E ratio of 56x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 83% over the past three years. Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹0.95 loss per share (vs ₹1.51 profit in 3Q 2023) Third quarter 2024 results: ₹0.95 loss per share (down from ₹1.51 profit in 3Q 2023). Revenue: ₹96.0m (down 14% from 3Q 2023). Net loss: ₹4.38m (down 163% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Aankondiging • Feb 06
Ashok Alco-Chem Limited to Report Q3, 2024 Results on Feb 13, 2024 Ashok Alco-Chem Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹154, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 131% over the past three years. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹0.98 (vs ₹0.64 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.98 (up from ₹0.64 loss in 2Q 2023). Revenue: ₹85.4m (up 82% from 2Q 2023). Net income: ₹4.50m (up ₹7.46m from 2Q 2023). Profit margin: 5.3% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹167, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 27x in the Chemicals industry in India. Total returns to shareholders of 254% over the past three years. Aankondiging • Sep 23
Ashok Alco-Chem Limited Declares Dividend for the Financial Year Ended 31 March, 2023 Ashok Alco-Chem Limited declared a dividend of INR 1.00 per equity share for the financial year ended 31st March, 2023 at its AGM held on 22nd September, 2023. Upcoming Dividend • Sep 08
Upcoming dividend of ₹1.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 22 October 2023. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.8%). Aankondiging • Aug 30
Ashok Alco-Chem Limited, Annual General Meeting, Sep 22, 2023 Ashok Alco-Chem Limited, Annual General Meeting, Sep 22, 2023, at 12:00 Indian Standard Time. Agenda: To consider the Audited Standalone Financial Statements of the Company for the financial year ended 31 March, 2023 together with the Reports of the Board of Directors and the Auditors' thereon; to consider the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March, 2023 together with the Report of the Auditors thereon; and to declare dividend; to appoint Mr. Manan Shah as Director. New Risk • Aug 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.2% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹535.7m market cap, or US$6.48m). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Revenue is less than US$5m (₹310m revenue, or US$3.7m). Reported Earnings • Aug 05
First quarter 2024 earnings released: ₹0.07 loss per share (vs ₹1.34 profit in 1Q 2023) First quarter 2024 results: ₹0.07 loss per share (down from ₹1.34 profit in 1Q 2023). Revenue: ₹81.3m (up 96% from 1Q 2023). Net loss: ₹332.0k (down 105% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 28
Ashok Alco-Chem Limited to Report Q1, 2024 Results on Aug 04, 2023 Ashok Alco-Chem Limited announced that they will report Q1, 2024 results on Aug 04, 2023 New Risk • Jul 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 7.7% 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 Market cap is less than US$10m (₹610.3m market cap, or US$7.44m). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Share price has been volatile over the past 3 months (7.7% average weekly change). Revenue is less than US$5m (₹277m revenue, or US$3.4m). Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹113, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 436% over the past three years. Reported Earnings • May 20
Full year 2023 earnings released: EPS: ₹4.90 (vs ₹2.39 in FY 2022) Full year 2023 results: EPS: ₹4.90 (up from ₹2.39 in FY 2022). Revenue: ₹321.1m (up 87% from FY 2022). Net income: ₹22.5m (up 105% from FY 2022). Profit margin: 7.0% (up from 6.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Aankondiging • May 20
Ashok Alco-Chem Limited Recommends Dividend for the Year Ended 31 March, 2023 Board of Directors of Ashok Alco-Chem Limited at its meeting held on 19 May, 2023, Recommended dividend of INR 1.00 per Equity Shares (face value of INR 10 each) of the Company for the year ended 31 March, 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹89.64, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 310% over the past three years. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: ₹1.51 (vs ₹0.70 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.51 (up from ₹0.70 in 3Q 2022). Revenue: ₹115.1m (up 252% from 3Q 2022). Net income: ₹6.93m (up 114% from 3Q 2022). Profit margin: 6.0% (down from 9.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 08
Ashok Alco-Chem Limited to Report Q3, 2023 Results on Feb 14, 2023 Ashok Alco-Chem Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Aankondiging • Nov 05
Ashok Alco-Chem Limited to Report Q2, 2022 Results on Nov 11, 2022 Ashok Alco-Chem Limited announced that they will report Q2, 2022 results on Nov 11, 2022 Aankondiging • Sep 24
Ashok Alco-Chem Limited Declares Dividend for the Financial Year Ended 31 March, 2022 Ashok Alco-Chem Limited declared a dividend of INR 0.50 per equity share for the financial year ended 31st March, 2022 at its AGM held on 23rd September, 2022. Upcoming Dividend • Sep 09
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 16 September 2022. Payment date: 23 October 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.7%). Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹1.34 (vs ₹0.28 in 1Q 2022) First quarter 2023 results: EPS: ₹1.34 (up from ₹0.28 in 1Q 2022). Revenue: ₹48.6m (down 49% from 1Q 2022). Net income: ₹6.18m (up 376% from 1Q 2022). Profit margin: 13% (up from 1.4% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 30
Ashok Alco-Chem Limited to Report Q1, 2023 Results on Aug 12, 2022 Ashok Alco-Chem Limited announced that they will report Q1, 2023 results at 3:30 PM, Indian Standard Time on Aug 12, 2022 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₹82.00, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 17x in the Chemicals industry in India. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹66.70, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 17x in the Chemicals industry in India. Total returns to shareholders of 97% over the past three years. Aankondiging • May 27
Ashok Alco-Chem Limited Recommends Dividend for the Year Ended March 31, 2022 The board of directors of Ashok Alco-Chem Limited at its meeting held on May 26, 2022, recommended dividend at 5% that is INR 0.50 per Equity Shares (face value of INR 10 each) of the Company for the year ended March 31, 2022, subject to the approval of the shareholders at the ensuing Annual General Meeting ("AGM") of the Company. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.70 (down from ₹4.43 in 3Q 2021). Revenue: ₹43.3m (down 42% from 3Q 2021). Net income: ₹3.24m (down 84% from 3Q 2021). Profit margin: 7.5% (down from 27% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS ₹0.07 (vs ₹2.15 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹26.3m (up 53% from 2Q 2021). Net income: ₹315.0k (down 97% from 2Q 2021). Profit margin: 1.2% (down from 57% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 18% share price gain to ₹109, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 42% over the past three years. Upcoming Dividend • Aug 31
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 15 October 2021. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.7%). Executive Departure • Aug 19
Non-Executive Director Sunil Shah has left the company On the 10th of August, Sunil Shah's tenure as Non-Executive Director ended after 8.5 years in the role. As of June 2021, Sunil still personally held only 1.00k shares (₹102k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 12
First quarter 2022 earnings released: EPS ₹0.28 (vs ₹0.95 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹102.6m (up 13% from 1Q 2021). Net income: ₹1.30m (up ₹5.65m from 1Q 2021). Profit margin: 1.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Jun 19
Full year 2021 earnings released: EPS ₹7.42 (vs ₹15.48 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹270.0m (down 76% from FY 2020). Net income: ₹34.2m (up ₹105.4m from FY 2020). Profit margin: 13% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 16% share price gain to ₹94.50, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 18x in the Chemicals industry in India. Total loss to shareholders of 5.3% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 17% share price gain to ₹82.85, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 16x in the Chemicals industry in India. Total loss to shareholders of 21% over the past three years. Is New 90 Day High Low • Feb 22
New 90-day high: ₹83.10 The company is up 104% from its price of ₹40.70 on 24 November 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. Aankondiging • Feb 13
Ashok Alco-Chem Limited Approves Appointment of Jitendra Jain as Chief Financial Officer Ashok Alco-Chem Limited announced that at the board meeting held on 10 February 2021, approved the appointment of Mr. Jitendra Jain as Chief Financial Officer of the Company with effect from 11 February 2021. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹4.43 (vs ₹0.06 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹74.8m (down 70% from 3Q 2020). Net income: ₹20.4m (up ₹20.7m from 3Q 2020). Profit margin: 27% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.