Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹77.76, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 21x in the Specialty Retail industry in India. Total loss to shareholders of 46% over the past three years. Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹8.97 (vs ₹12.56 in FY 2025) Full year 2026 results: EPS: ₹8.97 (down from ₹12.56 in FY 2025). Revenue: ₹1.16b (up 14% from FY 2025). Net income: ₹102.4m (down 22% from FY 2025). Profit margin: 8.8% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Aankondiging • May 26
Silicon Rental Solutions Limited Recommends Dividend for the Financial Year Ended March 31, 2026 Silicon Rental Solutions Limited at its Board meeting held on 26 May, 2026 recommended dividend for the financial year ending March 31, 2026 subject to the approval of shareholders in the ensuing Annual General Meeting, at the rate of 10% equivalent to INR 1 per Equity Share. Aankondiging • May 21
Silicon Rental Solutions Limited to Report Q4, 2026 Results on May 26, 2026 Silicon Rental Solutions Limited announced that they will report Q4, 2026 results on May 26, 2026 New Risk • May 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹925.0m (US$9.66m) 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 (13% average weekly change). High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (₹925.0m market cap, or US$9.66m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (9.7% net profit margin). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹66.29, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 16x in the Specialty Retail industry in India. Total loss to shareholders of 51% over the past three years. New Risk • Mar 05
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 8.7% 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 (8.7% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (9.7% net profit margin). Market cap is less than US$100m (₹947.8m market cap, or US$10.3m). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹93.50, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 19x in the Specialty Retail industry in India. Total loss to shareholders of 32% over the past three years. New Risk • Feb 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹862.4m (US$9.48m) 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 (29% accrual ratio). Market cap is less than US$10m (₹862.4m market cap, or US$9.48m). 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). Profit margins are more than 30% lower than last year (9.7% net profit margin). Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹100.00, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 22x in the Specialty Retail industry in India. Total loss to shareholders of 32% over the past three years. Aankondiging • Nov 11
Silicon Rental Solutions Limited to Report Q2, 2026 Results on Nov 14, 2025 Silicon Rental Solutions Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 14, 2025 Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹189, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 30x in the Specialty Retail industry in India. Total returns to shareholders of 74% over the past three years. New Risk • Sep 12
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 5.9% 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 (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin). Market cap is less than US$100m (₹1.91b market cap, or US$21.6m). Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹187, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 29x in the Specialty Retail industry in India. Total loss to shareholders of 15% over the past year. Aankondiging • Aug 25
Silicon Rental Solutions Limited, Annual General Meeting, Sep 18, 2025 Silicon Rental Solutions Limited, Annual General Meeting, Sep 18, 2025, at 15:00 Indian Standard Time. Declared Dividend • Aug 25
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 11th September 2025 Payment date: 18th October 2025 Dividend yield will be 0.6%, which is higher than the industry average of 0.2%. Sustainability & Growth Dividend is covered by earnings (8% 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 not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 91% to shift the payout ratio to a potentially unsustainable range, which is more than the 49% EPS decline seen over the last 5 years. New Risk • Jun 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% 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 Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. 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 (13% net profit margin). Market cap is less than US$100m (₹2.14b market cap, or US$24.9m). 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 (8.6% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (₹2.35b market cap, or US$27.5m). Aankondiging • May 22
Silicon Rental Solutions Limited to Report Second Half, 2025 Results on May 28, 2025 Silicon Rental Solutions Limited announced that they will report second half, 2025 results on May 28, 2025 New Risk • Apr 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 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: Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (₹2.57b market cap, or US$30.0m). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹225, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 34x in the Specialty Retail industry in India. Total returns to shareholders of 36% over the past year. Aankondiging • Nov 09
Silicon Rental Solutions Limited to Report Q2, 2025 Results on Nov 14, 2024 Silicon Rental Solutions Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹248, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 53x in the Specialty Retail industry in India. Total returns to shareholders of 58% over the past year. Upcoming Dividend • Sep 16
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 23 September 2024. Payment date: 30 October 2024. Payout ratio is a comfortable 8.0% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (0.1%). Aankondiging • Sep 09
Silicon Rental Solutions Limited, Annual General Meeting, Sep 30, 2024 Silicon Rental Solutions Limited, Annual General Meeting, Sep 30, 2024, at 11:30 Indian Standard Time. Aankondiging • Sep 06
Silicon Rental Solutions Limited Proposes Dividend for Fiscal Year 2023-2024 Silicon Rental Solutions Limited announced that at its AGM to be held on September 30, 2024, to propose dividend for fiscal year 2023-2024 at the rate of 10% equivalent to INR 1 per equity share. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to ₹238, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 48x in the Specialty Retail industry in India. Total returns to shareholders of 58% over the past year. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹181, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 48x in the Specialty Retail industry in India. Total returns to shareholders of 14% over the past year. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹166, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 49x in the Specialty Retail industry in India. Total returns to shareholders of 4.0% over the past year. New Risk • May 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹2.00b market cap, or US$24.1m). Aankondiging • May 20
Silicon Rental Solutions Limited to Report Q4, 2024 Results on May 30, 2024 Silicon Rental Solutions Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹182, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 48x in the Specialty Retail industry in India. Total returns to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹146, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 46x in the Specialty Retail industry in India. Total returns to shareholders of 4.7% over the past year. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹190, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 50x in the Specialty Retail industry in India. Total returns to shareholders of 11% over the past year. New Risk • Nov 28
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 9.0% 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 (9.0% average weekly change). High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹1.80b market cap, or US$21.6m). Reported Earnings • Nov 13
First half 2024 earnings released: EPS: ₹6.73 (vs ₹7.17 in 1H 2023) First half 2024 results: EPS: ₹6.73. Revenue: ₹241.4m (up 37% from 1H 2023). Net income: ₹71.3m (up 32% from 1H 2023). Profit margin: 30% (down from 31% in 1H 2023). The decrease in margin was driven by higher expenses. Aankondiging • Oct 17
Silicon Rental Solutions Limited to Report First Half, 2024 Results on Nov 07, 2023 Silicon Rental Solutions Limited announced that they will report first half, 2024 results on Nov 07, 2023 Aankondiging • Sep 23
Silicon Rental Solutions Limited Announces Resignation of Kanchan Sanjay Motiani as Chief Financial Officer Silicon Rental Solutions Limited announced that Mrs. Kanchan Sanjay Motiani has vide letter dated September 20, 2023 tendered her resignation from the post of Chief Financial Officer (CFO) of Silicon Rental Solutions Limited with immediate effect and she was relieved from her duties as a Chief Financial Officer (CFO) with effect from close of business hours on September 20, 2023. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹179, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 46x in the Specialty Retail industry in India. Aankondiging • Jul 07
Silicon Rental Solutions Limited Approves Dividend for the Fiscal Year 2022-23 Silicon Rental Solutions Limited at the Annual General Meeting held on July 05, 2023, approved declaration of dividend for Fiscal Year 2022-23 at the rate of 10% equivalent to INR 1 per Equity Share. New Risk • Jun 21
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (59% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Revenue is less than US$5m (₹363m revenue, or US$4.4m). Market cap is less than US$100m (₹1.59b market cap, or US$19.4m). New Risk • Jun 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 59% 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 Risk High level of non-cash earnings (59% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Revenue is less than US$5m (₹363m revenue, or US$4.4m). Market cap is less than US$100m (₹1.53b market cap, or US$18.7m). Reported Earnings • Jun 16
Full year 2023 earnings released: EPS: ₹12.06 (vs ₹20.22 in FY 2022) Full year 2023 results: EPS: ₹12.06. Revenue: ₹363.5m (up 48% from FY 2022). Net income: ₹106.7m (up 4.6% from FY 2022). Profit margin: 29% (down from 42% in FY 2022). The decrease in margin was driven by higher expenses. Aankondiging • Jun 09
Silicon Rental Solutions Limited, Annual General Meeting, Jul 05, 2023 Silicon Rental Solutions Limited, Annual General Meeting, Jul 05, 2023. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹160, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 35x in the Specialty Retail industry in India. Aankondiging • May 25
Silicon Rental Solutions Limited to Report Q4, 2023 Results on May 30, 2023 Silicon Rental Solutions Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹181, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 33x in the Specialty Retail industry in India. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹126, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 34x in the Specialty Retail industry in India. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 15% share price gain to ₹146, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 36x in the Specialty Retail industry in India. Reported Earnings • Nov 20
First half 2023 earnings released First half 2023 results: EPS: ₹7.17. Net income: ₹54.2m (up ₹54.2m from 1H 2022). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Manish Sehgal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 19% share price gain to ₹131, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 41x in the Specialty Retail industry in India. Aankondiging • Nov 06
Silicon Rental Solutions Limited to Report First Half, 2023 Results on Nov 14, 2022 Silicon Rental Solutions Limited announced that they will report first half, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 17% share price gain to ₹111, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 40x in the Specialty Retail industry in India. Board Change • Oct 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Manish Sehgal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
