Reported Earnings • Jun 04
Full year 2026 earnings released: ₹4.56 loss per share (vs ₹12.20 loss in FY 2025) Full year 2026 results: ₹4.56 loss per share (improved from ₹12.20 loss in FY 2025). Net loss: ₹211.8m (loss narrowed 63% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹1.09 loss per share (vs ₹6.01 loss in 3Q 2025) Third quarter 2026 results: ₹1.09 loss per share (improved from ₹6.01 loss in 3Q 2025). Net loss: ₹50.6m (loss narrowed 82% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Aankondiging • Feb 06
Astron Paper & Board Mill Limited to Report Q3, 2026 Results on Feb 13, 2026 Astron Paper & Board Mill Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 13, 2026 Reported Earnings • Nov 18
Second quarter 2026 earnings released: ₹1.02 loss per share (vs ₹1.70 loss in 2Q 2025) Second quarter 2026 results: ₹1.02 loss per share (improved from ₹1.70 loss in 2Q 2025). Net loss: ₹47.5m (loss narrowed 40% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Aankondiging • Nov 07
Astron Paper & Board Mill Limited to Report Q2, 2026 Results on Nov 14, 2025 Astron Paper & Board Mill Limited announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Sep 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 6.7% 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 Risks Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Earnings have declined by 66% per year over the past 5 years. Market cap is less than US$10m (₹684.0m market cap, or US$7.75m). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Revenue is less than US$5m (₹391m revenue, or US$4.4m). Aankondiging • Aug 16
Astron Paper & Board Mill Limited Announces Board and Committee Changes Astron Paper & Board Mill Limited at its board meeting held on August 13, 2025, the Board reviewed and approved the re-designation of Mr. Karshanbhai Hirabhai Patel, DIN: 00048167 currently serving as an Executive Director, to the role of Non- Executive Director Non-Independent Director, effective from 13th August, 2025. Mr. Karshanbhai Hirabhai Patel is the Promoter and Executive Director of Company. He has been on the Board of Directors of Company since its incorporation. He has over two decades of work experience in packaging and paper industry. Subsequently, he joined Pokar Agrotech Private Limited as a Director in November, 1997 and continues to be a director till date. The Board has approved the reconstitution of several committees with immediate effect. The Audit Committee will be chaired by Mr. Sudhir Omprakash Maheshwari, who serves as an Independent Director, with Ms. Dhyanam Sunilkumar Vyas and Mr. Kiritbhai Ghanshyambhai Patel as members, both of whom hold the designation of Independent Director and Managing Director, respectively. The Nomination and Remuneration Committee (NRC) will be chaired by Ms. Dhyanam Sunilkumar Vyas, also an Independent Director, with Mr. Kiritbhai Ghanshyambhai Patel as a member, serving as the Managing Director. Lastly, the Stakeholders' Relationship Committee (SRC) will be chaired by Ms. Dhyanam Sunilkumar Vyas, with Mr. Sudhir Omprakash Maheshwari as a member, both of whom are Independent Directors, and Mr. Ramakant Kantibhai Patel, who serves as a Whole-time Director. Aankondiging • Aug 14
Astron Paper & Board Mill Limited, Annual General Meeting, Sep 30, 2025 Astron Paper & Board Mill Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. New Risk • Aug 14
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹388m (US$4.4m) 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 Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Earnings have declined by 66% per year over the past 5 years. Market cap is less than US$10m (₹674.7m market cap, or US$7.72m). Minor Risk Revenue is less than US$5m (₹388m revenue, or US$4.4m). Reported Earnings • Aug 14
First quarter 2026 earnings released: ₹1.13 loss per share (vs ₹2.05 loss in 1Q 2025) First quarter 2026 results: ₹1.13 loss per share (improved from ₹2.05 loss in 1Q 2025). Revenue: ₹12.8m (down 98% from 1Q 2025). Net loss: ₹52.6m (loss narrowed 45% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 09
Astron Paper & Board Mill Limited to Report Q1, 2026 Results on Aug 13, 2025 Astron Paper & Board Mill Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Board Change • Jul 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Woman Director Dhyanam Vyas was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 31
Full year 2025 earnings released: ₹12.20 loss per share (vs ₹2.41 loss in FY 2024) Full year 2025 results: ₹12.20 loss per share (further deteriorated from ₹2.41 loss in FY 2024). Revenue: ₹967.0m (down 69% from FY 2024). Net loss: ₹567.1m (loss widened 406% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Aankondiging • May 21
Astron Paper & Board Mill Limited to Report Q4, 2025 Results on May 29, 2025 Astron Paper & Board Mill Limited announced that they will report Q4, 2025 results on May 29, 2025 Reported Earnings • Feb 18
Third quarter 2025 earnings released: ₹6.01 loss per share (vs ₹0.33 loss in 3Q 2024) Third quarter 2025 results: ₹6.01 loss per share (further deteriorated from ₹0.33 loss in 3Q 2024). Revenue: ₹13.7m (down 98% from 3Q 2024). Net loss: ₹279.5m (loss widened ₹264.1m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 07
Astron Paper & Board Mill Limited to Report Q3, 2025 Results on Feb 14, 2025 Astron Paper & Board Mill Limited announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Jan 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹830.5m (US$9.63m) 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 Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (₹830.5m market cap, or US$9.63m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Significant insider selling over the past 3 months (₹18m sold). New Risk • Dec 25
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 Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Earnings have declined by 63% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Significant insider selling over the past 3 months (₹18m sold). Market cap is less than US$100m (₹1.00b market cap, or US$11.8m). Aankondiging • Nov 22
Astron Paper & Board Mill Limited Announces Resignation of Dhiren N. Parikh as Independent Director and Member of the Audit Committee Astron Paper & Board Mill Limited announced that Mr. Dhiren N. Parikh (DIN: 085253 17), vide his letter dated 21/11/2024 has tendered his resignation as an Independent Director of the Company, effective closure of business hours of November 21, 2024,due to his preoccupation with other assignments. Consequently, he shall also cease to be a Member of the Audit Committee of the Company. Aankondiging • Nov 09
Astron Paper & Board Mill Limited Approves the Resignation of Rohit Patel as Chief Financial Officer Astron Paper & Board Mill Limited informed that the Board of Directors at its meeting held 08th November, 2024, have considered and approved the resignation letter received from Mr. Rohit Patel, from the post of Chief Financial Officer of the Company. Resignation due to personal reason. Aankondiging • Nov 05
Astron Paper & Board Mill Limited to Report Q2, 2025 Results on Nov 08, 2024 Astron Paper & Board Mill Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Aankondiging • Oct 02
Astron Paper & Board Mill Limited Announces Resignation of Ms. Hina Patel from the Post of Company Secretary & Compliance Officer, Effective October 15, 2024 Astron Paper & Board Mill Limited received resignation letter from Ms. Hina Patel, from the post of Company Secretary & Compliance Officer of the Company. Company will appoint new Company Secretary & Compliance Officer within stipulated time frame as per concern guidelines and regulations. Resignation due to personal reason. Date of cessation is October 15, 2024. Aankondiging • Sep 10
Astron Paper & Board Mill Limited, Annual General Meeting, Sep 30, 2024 Astron Paper & Board Mill Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2025 earnings released: ₹2.05 loss per share (vs ₹0.41 loss in 1Q 2024) First quarter 2025 results: ₹2.05 loss per share (further deteriorated from ₹0.41 loss in 1Q 2024). Revenue: ₹586.8m (down 25% from 1Q 2024). Net loss: ₹95.1m (loss widened 404% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 09
Astron Paper & Board Mill Limited to Report Q1, 2025 Results on Aug 14, 2024 Astron Paper & Board Mill Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Buy Or Sell Opportunity • Aug 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to ₹24.07. The fair value is estimated to be ₹19.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Aug 03
Astron Paper & Board Mill Limited Announces Cessation of Dhiren Parikh as the Independent Non-Executive Director, Effective August 04, 2024 Astron Paper & Board Mill Limited's Board of Directors at its meeting held on 3rd August 2024, have approved Mr. Dhiren Parikh (DIN: 08525317) shall cease to be the Independent Non-Executive Director of the Company upon completion of his term with effect from the close of business hours as on August 04, 2024. Buy Or Sell Opportunity • Jul 01
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 5.2% to ₹22.26. The fair value is estimated to be ₹17.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 20
Now 20% overvalued Over the last 90 days, the stock has fallen 4.2% to ₹20.30. The fair value is estimated to be ₹16.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 10
Now 20% overvalued Over the last 90 days, the stock has fallen 19% to ₹20.09. The fair value is estimated to be ₹16.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jun 04
Full year 2024 earnings released: ₹2.41 loss per share (vs ₹5.15 loss in FY 2023) Full year 2024 results: ₹2.41 loss per share (improved from ₹5.15 loss in FY 2023). Revenue: ₹3.12b (down 21% from FY 2023). Net loss: ₹112.1m (loss narrowed 53% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Aankondiging • May 24
Astron Paper & Board Mill Limited to Report Q4, 2024 Results on May 29, 2024 Astron Paper & Board Mill Limited announced that they will report Q4, 2024 results on May 29, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: ₹0.33 loss per share (vs ₹1.42 loss in 3Q 2023) Third quarter 2024 results: ₹0.33 loss per share (improved from ₹1.42 loss in 3Q 2023). Revenue: ₹733.7m (down 16% from 3Q 2023). Net loss: ₹15.4m (loss narrowed 77% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 02
Astron Paper & Board Mill Limited to Report Q3, 2024 Results on Feb 09, 2024 Astron Paper & Board Mill Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: ₹0.35 loss per share (vs ₹2.58 loss in 2Q 2023) Second quarter 2024 results: ₹0.35 loss per share (improved from ₹2.58 loss in 2Q 2023). Revenue: ₹808.6m (down 19% from 2Q 2023). Net loss: ₹16.6m (loss narrowed 86% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Aankondiging • Nov 04
Astron Paper & Board Mill Limited to Report Q2, 2024 Results on Nov 09, 2023 Astron Paper & Board Mill Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Aankondiging • Sep 07
Astron Paper & Board Mill Limited, Annual General Meeting, Sep 29, 2023 Astron Paper & Board Mill Limited, Annual General Meeting, Sep 29, 2023, at 11:00 Indian Standard Time. Agenda: To consider the audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2023, together with the Reports of the Board of Directors and Auditors thereon; to consider the audited Consolidated Financial Statements of the Company for the financial year ended on 31st March, 2023 and the Report of the Auditors thereon; to consider appointment of a Director in place of Shri Ramakant Kantibhai Patel who retires by rotation and being eligible, offers himself for reappointment; and to consider other matters. Aankondiging • Aug 29
Astron Paper & Board Mill Limited Appoints Rohit Patel as Chief Financial Officer, Effect from 28 August, 2023 Astron Paper & Board Mill Limited announced that on the basis of recommendation of Nomination & Remuneration Committee and based on approval of Audit committee, the Board of Directors of the Company have appointed Mr. Rohit Patel, Chief Financial Officer of the company with effect from 28 August, 2023. Mr. Rohit Patel is currently entrusted with work profile of Manager, forwarding and Clearing Import Consignment department. He has been associated with the company since year 2017. Further, he has a rich experience of 8 years in business. He is well versed with business Operation and majorly looking after Import of Raw material as well as domestic purchase of raw material. Since long term association with company Mr. Rohit Patel is also well versed with company's Financial transaction, planning and management and capable to provide valuable insights into the company for financial decision. He is also Director in Balaram Papers Private Limited, wholly owned subsidiary Company of the Astron paper and board mill limited. Date of Birth is 8 April, 1982. Mr. Rohit Patel is son of Mr. Karshanbhai Patel, Executive Director of the Company. Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹0.41 loss per share (vs ₹0.84 loss in 1Q 2023) First quarter 2024 results: ₹0.41 loss per share (improved from ₹0.84 loss in 1Q 2023). Revenue: ₹783.8m (down 32% from 1Q 2023). Net loss: ₹18.9m (loss narrowed 52% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 06
Astron Paper & Board Mill Limited to Report Q1, 2024 Results on Aug 12, 2023 Astron Paper & Board Mill Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Aankondiging • May 22
Astron Paper & Board Mill Limited to Report Q4, 2023 Results on May 27, 2023 Astron Paper & Board Mill Limited announced that they will report Q4, 2023 results on May 27, 2023 Aankondiging • May 09
Astron Paper & Board Mill Limited Announces CFO Changes Astron Paper & Board Mill Limited announced that Mr. Amit Mundra- Chief Financial Officer and Key Managerial Personnel of the company, has tendered his resignation vide letter dated 8th May, 2023, due to familial health and personal reasons, he would be relieved from his duties effective from end of working hours of 27th May, 2023. Aankondiging • Feb 15
Astron Paper & Board Mill Limited Appoints Hina Ronak Patel as Company Secretary/Compliance Officer Astron Paper & Board Mill Limited announced that at the board meeting held on February 14, 2023, the company approved the appointment of Hina Ronak Patel as Company Secretary/Compliance Officer. Date of Appointment is14th February 2023. Ms. Hina Ronak Patel holds a Professional Degree of Company Secretary. She is an associate member of Institute of Company Secretary of India and having deep insight in areas of Corporate Laws, Corporate Governance and SEBI related Matters. Qualification is B.com,Company Secretary. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹1.42 loss per share (vs ₹0.73 profit in 3Q 2022) Third quarter 2023 results: ₹1.42 loss per share (down from ₹0.73 profit in 3Q 2022). Revenue: ₹873.2m (down 38% from 3Q 2022). Net loss: ₹65.8m (down 293% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 19
Second quarter 2023 earnings released: ₹2.58 loss per share (vs ₹0.58 profit in 2Q 2022) Second quarter 2023 results: ₹2.58 loss per share (down from ₹0.58 profit in 2Q 2022). Revenue: ₹1.00b (down 13% from 2Q 2022). Net loss: ₹120.7m (down ₹147.5m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 24% share price gain to ₹53.25, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 12x in the Forestry industry in India. Total loss to shareholders of 47% 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 16% share price gain to ₹45.65, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 9x in the Forestry industry in India. Total loss to shareholders of 55% over the past three years. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.73 (up from ₹0.61 in 3Q 2021). Revenue: ₹1.42b (up 14% from 3Q 2021). Net income: ₹34.1m (up 20% from 3Q 2021). Profit margin: 2.4% (up from 2.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS ₹0.58 (vs ₹0.26 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.16b (up 16% from 2Q 2021). Net income: ₹26.7m (up ₹38.8m from 2Q 2021). Profit margin: 2.3% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Executive Departure • Aug 23
Executive Director Kanubhai Patel has left the company On the 19th of August, Kanubhai Patel's tenure as Executive Director ended. We don't have any record of a personal shareholding under Kanubhai's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.33 years. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹53.95, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 22x in the Forestry industry in India. Total loss to shareholders of 55% over the past three years. Reported Earnings • Jul 20
First quarter 2022 earnings released: EPS ₹0.40 (vs ₹0.39 in 1Q 2021) The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2022 results: Revenue: ₹1.13b (up 68% from 1Q 2021). Net income: ₹18.4m (flat on 1Q 2021). Profit margin: 1.6% (down from 2.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 17% share price gain to ₹71.65, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 19x in the Forestry industry in India. Total loss to shareholders of 31% over the past three years. Reported Earnings • Jun 03
Full year 2021 earnings released: EPS ₹2.20 (vs ₹2.89 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: ₹4.37b (up 22% from FY 2020). Net income: ₹102.7m (down 24% from FY 2020). Profit margin: 2.4% (down from 3.7% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Executive Departure • Apr 21
Chief Financial Officer has left the company On the 20th of April, Parth Patel's tenure as Chief Financial Officer ended after 3.9 years in the role. We don't have any record of a personal shareholding under Parth's name. Parth is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to ₹49.05, the stock trades at a trailing P/E ratio of 31.4x, up from the previous P/E ratio of 27.2x. Average P/E is 18x in the Forestry industry in India. Total return to shareholders over the past three years was a loss of 56%. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS ₹0.61 (vs ₹0.45 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ₹1.24b (up 37% from 3Q 2020). Net income: ₹28.4m (up 37% from 3Q 2020). Profit margin: 2.3% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 22
New 90-day low: ₹41.95 The company is down 14% from its price of ₹49.05 on 23 October 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 29% over the same period. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 25% share price gain to ₹56.25, the stock is trading at a trailing P/E ratio of 39.4x, up from the previous P/E ratio of 31.5x. This compares to an average P/E of 9x in the Forestry industry in India. Total returns to shareholders over the past year are 44%. Is New 90 Day High Low • Dec 08
New 90-day high: ₹56.25 The company is up 34% from its price of ₹42.05 on 09 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 20% over the same period. Reported Earnings • Nov 12
Second quarter 2021 earnings released: ₹0.26 loss per share The company reported a soft second quarter result with weaker earnings and control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: ₹999.0m (up 18% from 2Q 2020). Net loss: ₹12.0m (down 134% from profit in 2Q 2020). Is New 90 Day High Low • Oct 20
New 90-day high: ₹50.05 The company is up 29% from its price of ₹38.90 on 22 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. Is New 90 Day High Low • Sep 30
New 90-day high: ₹47.20 The company is up 16% from its price of ₹40.75 on 02 July 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 5.0% over the same period.