New Risk • Jun 24
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 10% 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 (10% average weekly change). Market cap is less than US$10m (₹783.4m market cap, or US$8.27m). Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹4.17 (vs ₹3.74 in FY 2025) Full year 2026 results: EPS: ₹4.17 (up from ₹3.74 in FY 2025). Revenue: ₹887.6m (up 40% from FY 2025). Net income: ₹94.8m (up 12% from FY 2025). Profit margin: 11% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Aankondiging • May 21
Maxposure Limited to Report Second Half, 2026 Results on May 26, 2026 Maxposure Limited announced that they will report second half, 2026 results on May 26, 2026 New Risk • Apr 29
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 8.7% 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 High level of non-cash earnings (55% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (₹954.0m market cap, or US$10.1m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹38.00, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 15x in the Media industry in India. Total loss to shareholders of 35% over the past year. New Risk • Jan 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹880.1m (US$9.74m) 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 (55% accrual ratio). Market cap is less than US$10m (₹880.1m market cap, or US$9.74m). Minor Risk Profit margins are more than 30% lower than last year (11% net profit margin). New Risk • Nov 21
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: 11% Last year net profit margin: 16% 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 High level of non-cash earnings (55% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (₹1.13b market cap, or US$12.7m). Aankondiging • Nov 13
Maxposure Limited to Report First Half, 2026 Results on Nov 13, 2025 Maxposure Limited announced that they will report first half, 2026 results on Nov 13, 2025 New Risk • Sep 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 52% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). High level of non-cash earnings (52% accrual ratio). Minor Risk Market cap is less than US$100m (₹1.35b market cap, or US$15.3m). Aankondiging • Sep 02
Maxposure Limited, Annual General Meeting, Sep 29, 2025 Maxposure Limited, Annual General Meeting, Sep 29, 2025, at 16:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹67.00, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 24x in the Media industry in India. Total loss to shareholders of 30% over the past year. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹1.35b market cap, or US$15.8m). New Risk • May 27
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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₹1.42b market cap, or US$16.6m). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹67.45, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 21x in the Media industry in India. Total loss to shareholders of 22% over the past year. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹61.25, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 21x in the Media industry in India. Total loss to shareholders of 31% over the past year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹65.90, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 24x in the Media industry in India. Total loss to shareholders of 26% over the past year. Buy Or Sell Opportunity • Jan 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₹90.45. The fair value is estimated to be ₹115, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last year. Earnings per share has grown by 17%. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹101, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 29x in the Media industry in India. Buy Or Sell Opportunity • Nov 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₹91.30. The fair value is estimated to be ₹115, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last year. Earnings per share has grown by 17%. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹120, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 31x in the Media industry in India. Aankondiging • Sep 14
Maxposure Limited, Annual General Meeting, Sep 30, 2024 Maxposure Limited, Annual General Meeting, Sep 30, 2024, at 11:30 Indian Standard Time. Location: plot 62, ground floor, okhla industrial estate phase-3, southwest delhi -110020, India Aankondiging • Sep 11
Maxposure Limited Files Patent for Innovative Auto PA Pause in Wireless Inflight Entertainment System Using Electromagnetic Field Maxposure Limited announced that it has filed a patent for its latest cutting-edge innovation: the Auto PA Pause in Wireless Inflight Entertainment (IFE) System Using Electromagnetic coil for its Wireless Media Streaming Server (WMSS); AeroHub PRO. This technology is designed to enhance the passenger experience by seamlessly integrating real-time PA (Public Address) announcement detection into inflight entertainment systems. This is a strict requirement of Civil Aviation bodies like DGCA, FAA & EASA. No wireless streaming server manufacturer in the world has been able to resolve the issue of achieving PA Pause without human intervention and direct wired connection with the PA system. Numerous companies have attempted to utilise voice sensors, but these attempts have been unsuccessful, as the sensors capture any noise within the aircraft apart from passenger announcements. Maxposure's AeroHub vertical has provided an effective solution to this challenge. The Auto PA Pause system operates by monitoring the current in the speaker wire to detect voltage changes linked to human speech during PA announcements. Upon detecting a PA announcement, the system automatically pauses inflight entertainment content, ensuring that passengers do not miss important safety or service messages. Once the announcement concludes, the system smoothly resumes playback, delivering a more convenient and uninterrupted viewing experience. This invention represents a step forward in automating the inflight entertainment system's interaction with the cabin's public address system, a space that has been dominated by manual or audio-based triggers. The Auto PA Pause technology ensures a higher degree of accuracy and reduces the likelihood of false positives by employing thermal sensing, making it adaptable to a variety of aircraft environments. Maxposure has been recognised for its content marketing and inflight entertainment solutions across industries, and this latest invention further reinforces its presence in the aviation technology space. With this patent filing, Maxposure continues to lead with innovation, advancing its mission to provide intelligent, intuitive, and efficient solutions across industries. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹123, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 31x in the Media industry in India. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹105, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 29x in the Media industry in India. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹88.80, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 28x in the Media industry in India. Reported Earnings • May 21
Full year 2024 earnings released: EPS: ₹3.56 (vs ₹2.70 in FY 2023) Full year 2024 results: EPS: ₹3.56 (up from ₹2.70 in FY 2023). Revenue: ₹481.4m (up 51% from FY 2023). Net income: ₹81.1m (up 81% from FY 2023). Profit margin: 17% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹108, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 26x in the Media industry in India. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹89.85, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 25x in the Media industry in India. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹75.85, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 28x in the Media industry in India. Board Change • Jan 23
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Co-Founder, Chairman & MD Prakash Johari is the most experienced director on the board, commencing their role in 2006. Independent Director Torsten-Jorn Klein was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.