Aankondiging • Apr 29
3i Infotech Limited to Report Q4, 2026 Results on May 08, 2026 3i Infotech Limited announced that they will report Q4, 2026 results on May 08, 2026 Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.10 (vs ₹2.39 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.10 (down from ₹2.39 in 3Q 2025). Revenue: ₹1.83b (up 1.0% from 3Q 2025). Net income: ₹21.4m (down 95% from 3Q 2025). Profit margin: 1.2% (down from 22% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Aankondiging • Feb 02
3i Infotech Limited to Report Q3, 2026 Results on Feb 13, 2026 3i Infotech Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹1.03 (vs ₹0.25 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹1.03 (up from ₹0.25 loss in 2Q 2025). Revenue: ₹2.11b (up 19% from 2Q 2025). Net income: ₹184.3m (up ₹227.4m from 2Q 2025). Profit margin: 8.7% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹17.27, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 41x in the Software industry in India. Total loss to shareholders of 58% over the past three years. Aankondiging • Oct 31
3i Infotech Limited to Report Q2, 2026 Results on Nov 12, 2025 3i Infotech Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Aankondiging • Oct 29
3i Infotech Limited has completed a Follow-on Equity Offering in the amount of INR 641.038805 million. 3i Infotech Limited has completed a Follow-on Equity Offering in the amount of INR 641.038805 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 37,708,165
Price\Range: INR 17
Transaction Features: Regulation S; Rights Offering Aankondiging • Aug 18
3i Infotech Limited, Annual General Meeting, Sep 10, 2025 3i Infotech Limited, Annual General Meeting, Sep 10, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2026 earnings released: EPS: ₹0.45 (vs ₹0.50 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.45 (up from ₹0.50 loss in 1Q 2025). Revenue: ₹1.92b (up 6.9% from 1Q 2025). Net income: ₹76.2m (up ₹161.5m from 1Q 2025). Profit margin: 4.0% (up from net loss in 1Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 17% per year. Aankondiging • Aug 01
3I Infotech Limited Announces Reorganization of Senior Management Personnel, with Effect from July 31, 2025 3i Infotech Limited at the board meeting held on July 31, 2025, based on the recommendation of Nomination and Remuneration Committee, the Board of the Company has approved reorganization of Senior Management Personnel team and considering permanent movement of Mr. Harish Shenoy to US subsidiary, he will cease to be SMP & KMP with effect from July 31, 2025. However, he continues to be part of Leadership Team of 3i Infotech Group. Aankondiging • Jul 25
3i Infotech Limited to Report Q1, 2026 Results on Jul 31, 2025 3i Infotech Limited announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 16
Full year 2025 earnings released: EPS: ₹1.50 (vs ₹17.69 loss in FY 2024) Full year 2025 results: EPS: ₹1.50 (up from ₹17.69 loss in FY 2024). Revenue: ₹7.42b (down 8.9% from FY 2024). Net income: ₹253.5m (up ₹3.24b from FY 2024). Profit margin: 3.4% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. 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 20% per year, which means it has not declined as severely as earnings. Aankondiging • May 10
3i Infotech Limited to Report Q4, 2025 Results on May 14, 2025 3i Infotech Limited announced that they will report Q4, 2025 results on May 14, 2025 Aankondiging • Mar 20
3i Infotech Limited Announces Cessation of Zohra Chatterji as Independent Director, Effective March 23, 2025 The Board of Directors 3i Infotech Limited at its meeting held on March 20, 2025 considered and approved the following: The first term of five years of Mrs. Zohra Chatterji (DIN: 01382511) as an Independent Director of the Company, is completing on March 23, 2025 and consequently, she will cease to be the Director of the Company with effect from the close of business hours on March 23, 2025. New Risk • Feb 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 9.1% 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 (9.1% average weekly change). Earnings have declined by 56% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹5.20b market cap, or US$59.5m). Reported Earnings • Jan 30
Third quarter 2025 earnings released: EPS: ₹2.39 (vs ₹1.74 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹2.39 (up from ₹1.74 loss in 3Q 2024). Revenue: ₹1.85b (down 13% from 3Q 2024). Net income: ₹406.0m (up ₹700.4m from 3Q 2024). Profit margin: 22% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Aankondiging • Jan 23
3i Infotech Limited to Report Q3, 2025 Results on Jan 29, 2025 3i Infotech Limited announced that they will report Q3, 2025 results on Jan 29, 2025 New Risk • Jan 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 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: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₹5.71b market cap, or US$66.7m). Reported Earnings • Nov 05
Second quarter 2025 earnings released: ₹0.25 loss per share (vs ₹9.15 loss in 2Q 2024) Second quarter 2025 results: ₹0.25 loss per share (improved from ₹9.15 loss in 2Q 2024). Revenue: ₹1.78b (down 16% from 2Q 2024). Net loss: ₹43.1m (loss narrowed 97% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 25
3i Infotech Limited to Report Q2, 2025 Results on Oct 30, 2024 3i Infotech Limited announced that they will report Q2, 2025 results on Oct 30, 2024 Aankondiging • Oct 11
3i Infotech Limited Provides Update on Resignation of Sanjay Rawa as Chief Financial Officer, Effective October 31, 2024 3i Infotech Limited announced that the company has intimated the date of relieving of Mr. Sanjay Rawa, Chief Financial Officer and Key Managerial Personnel as October 12, 2024. As per his revised resignation letter, he will be relieved from his duties from closing business hours of October 31, 2024. Aankondiging • Oct 07
3i Infotech Limited Announces Resignation of Rishi Agrawal, Senior Vice President Technology, Effective November 8, 2024 3i Infotech Limited announced that Mr. Rishi Agrawal, Senior Vice President Technology (designated as Senior Management Personnel) has vide letter dated October 3, 2024, tendered his resignation. The Company has accepted his resignation, and he will be relieved from the duties from closing business hours of November 8, 2024. Aankondiging • Sep 09
3i Infotech Limited, Annual General Meeting, Sep 30, 2024 3i Infotech Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2025 earnings released: ₹0.50 loss per share (vs ₹0.93 loss in 1Q 2024) First quarter 2025 results: ₹0.50 loss per share (improved from ₹0.93 loss in 1Q 2024). Revenue: ₹1.83b (down 5.7% from 1Q 2024). Net loss: ₹85.3m (loss narrowed 45% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 09
3i Infotech Limited to Report Q1, 2025 Results on Aug 14, 2024 3i Infotech Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Aankondiging • Jun 19
3i Infotech Limited Announces Board Changes 3i Infotech Limited through its postal ballot appointed Mr. Umesh Mehta as Non-Executive Director and Dr. Madan Gosavi as Independent Director of the Company. New Risk • Jun 07
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 9.1% 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 Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₹6.42b market cap, or US$76.9m). Reported Earnings • Jun 04
Full year 2024 earnings released: ₹17.69 loss per share (vs ₹0.081 profit in FY 2023) Full year 2024 results: ₹17.69 loss per share (down from ₹0.081 profit in FY 2023). Revenue: ₹8.17b (up 12% from FY 2023). Net loss: ₹2.98b (down ₹3.00b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. New Risk • Feb 17
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 9.7% 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 (9.7% average weekly change). Earnings have declined by 33% per year over the past 5 years. New Risk • Feb 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.15b (US$98.2m) This is considered a minor 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 Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₹8.15b market cap, or US$98.2m). Reported Earnings • Feb 08
Third quarter 2024 earnings released: ₹1.74 loss per share (vs ₹0.77 profit in 3Q 2023) Third quarter 2024 results: ₹1.74 loss per share (down from ₹0.77 profit in 3Q 2023). Revenue: ₹2.13b (up 17% from 3Q 2023). Net loss: ₹294.4m (down 326% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Aankondiging • Jan 27
3I Infotech Limited Announces Resignation of Sriram Venkataramanan as Non-Executive Director 3i Infotech Limited informed that Mr. Sriram Venkataramanan, Non-Executive Director vide e-mail dated January 26, 2024, has tendered his resignation from the directorship of the Company with effect from January 26, 2024. Aankondiging • Dec 11
3I Infotech Limited Approves Executive Changes 3i Infotech Limited approves following changes a the boar meeting held on December 10, 2023. (i) Cessation of Mr. Ashok Shah (DIN: 01194846) as the Chairman & Independent Director of the Company with effect from December 10, 2023, pursuant to provisions contained in Section 149(11) of the Companies Act, 2013. The intimation as received from Mr. Ashok Shah is annexed as Annexure - 1. (ii) Appointment of CA Uttam Prakash Agarwal (DIN: 00272983), Non-Executive Independent Director of the Company as the Chairman of the Board of Directors of the Company with effect from December 10, 2023. Section 149(11) of the Companies Act, 2013 states that notwithstanding anything contained in sub-section (10), no independent director shall hold office for more than two consecutive terms, but such independent director shall be eligible for appointment after the expiration of three years of ceasing to become an independent director: Mr. Ashok Shah was re-appointed by the Shareholders in the Annual General Meeting of the members held on December 23, 2020 for second term of five consecutive years commencing from October 1, 2020 as an Independent Director of the Company. However, on scrutiny of the records of the Company by the Secretarial Auditors M/s SAP & Associates, Navi Mumbai, it was found that his reappointment as an Independent Director was for the third term, which is not allowed. In view of above, Mr. Ashok Shah vacated his office as an Independent Director with immediate effect. Membership of board committees: 1. Audit Committee Member 2. Nomination and Remuneration Committee Member 3. Stakeholders Relationship Committee Chairman 4. Corporate Social Responsibility Committee - Chairman. Reported Earnings • Nov 09
Second quarter 2024 earnings released: ₹9.15 loss per share (vs ₹1.02 profit in 2Q 2023) Second quarter 2024 results: ₹9.15 loss per share (down from ₹1.02 profit in 2Q 2023). Revenue: ₹2.12b (up 20% from 2Q 2023). Net loss: ₹1.54b (down ₹1.71b from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. New Risk • Jul 30
New major risk - Revenue and earnings growth Earnings have declined by 7.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹5.60b market cap, or US$68.1m). Reported Earnings • Jul 29
First quarter 2024 earnings released: ₹0.93 loss per share (vs ₹0.09 loss in 1Q 2023) First quarter 2024 results: ₹0.93 loss per share (further deteriorated from ₹0.09 loss in 1Q 2023). Revenue: ₹1.94b (up 8.5% from 1Q 2023). Net loss: ₹155.9m (loss widened ₹140.7m from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • May 08
Full year 2023 earnings released: EPS: ₹0.08 (vs ₹3.44 loss in FY 2022) Full year 2023 results: EPS: ₹0.08 (up from ₹3.44 loss in FY 2022). Revenue: ₹7.38b (up 9.0% from FY 2022). Net income: ₹13.7m (up ₹588.6m from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹32.40, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 25x in the Software industry in India. Total returns to shareholders of 140% over the past three years. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹0.77 (vs ₹1.37 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.77 (up from ₹1.37 loss in 3Q 2022). Revenue: ₹1.82b (up 10.0% from 3Q 2022). Net income: ₹130.5m (up ₹356.8m from 3Q 2022). Profit margin: 7.2% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Aankondiging • Jan 19
3i Infotech Limited to Report Q3, 2023 Results on Feb 02, 2023 3i Infotech Limited announced that they will report Q3, 2023 results on Feb 02, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Non-Executive Independent Chairman Ashok Shah is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 01
First quarter 2023 earnings released: ₹0.09 loss per share (vs ₹0.50 loss in 1Q 2022) First quarter 2023 results: ₹0.09 loss per share (up from ₹0.50 loss in 1Q 2022). Revenue: ₹1.80b (up 13% from 1Q 2022). Net loss: ₹15.2m (loss narrowed 81% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 11
Third quarter 2022 earnings released: ₹1.37 loss per share (vs ₹1.40 profit in 3Q 2021) Third quarter 2022 results: ₹1.37 loss per share (down from ₹1.40 profit in 3Q 2021). Revenue: ₹1.66b (down 40% from 3Q 2021). Net loss: ₹226.3m (down 204% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹44.80, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 27x in the Software industry in India. Total returns to shareholders of 23% over the past three years. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Non-Executive Independent Chairman Ashok Shah is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 18% share price gain to ₹59.25, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 35x in the Software industry in India. Total returns to shareholders of 56% over the past three years. Board Change • Apr 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Non-Executive Independent Chairman Ashok Shah is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 23% share price gain to ₹60.70, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 29x in the Software industry in India. Total returns to shareholders of 71% over the past three years. Board Change • Mar 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Non-Executive Independent Chairman Ashok Shah is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹62.45, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 29x in the Software industry in India. Total returns to shareholders of 81% over the past three years. Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: ₹1.37 loss per share (down from ₹1.40 profit in 3Q 2021). Revenue: ₹1.70b (down 38% from 3Q 2021). Net loss: ₹226.3m (down 204% from profit in 3Q 2021). Revenue missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 07
Now 21% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be ₹92.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% per annum over the last 3 years. Earnings per share has grown by 61% per annum over the last 3 years. Board Change • Feb 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Non-Executive Independent Chairman Ashok Shah is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹98.60, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 28x in the Software industry in India. Total returns to shareholders of 182% over the past three years. Recent Insider Transactions • Dec 11
Non-Executive Director recently bought ₹5.5m worth of stock On the 6th of December, Pravir Vohra bought around 50k shares on-market at roughly ₹109 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Executive Departure • Dec 01
Compliance Officer, Company Secretary & Head of Legal and Nodal Officer Rajeev Limaye has left the company On the 30th of November, Rajeev Limaye's tenure as Compliance Officer, Company Secretary & Head of Legal and Nodal Officer ended. We don't have any record of a personal shareholding under Rajeev's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Nov 10
Second quarter 2022 earnings released The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: ₹1.83b (down 28% from 2Q 2021). Net loss: ₹230.9m (down 251% from profit in 2Q 2021). 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 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improved over the past week After last week's 27% share price gain to ₹39.45, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 28x in the Software industry in India. Total returns to shareholders of 20% over the past three years. Board Change • Oct 22
Less than half of directors are independent There are 6 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: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Chairman Ashok Shah is the most experienced director on the board, commencing their role in 2015. Additional Non-Executive Independent Director Avatar Monga was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 16% share price gain to ₹8.45, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 25x in the Software industry in India. Total returns to shareholders of 135% over the past three years. Reported Earnings • Aug 12
First quarter 2022 earnings released: ₹0.05 loss per share (vs ₹0.06 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: ₹1.63b (down 33% from 1Q 2021). Net loss: ₹78.7m (down 175% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improved over the past week After last week's 15% share price gain to ₹10.50, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 23x in the Software industry in India. Total returns to shareholders of 153% over the past three years. Executive Departure • Jun 15
Non-Executive Director Padmanabhan Nemmara Iyer has left the company On the 9th of June, Padmanabhan Nemmara Iyer was replaced as CEO by Thompson Gnanam after 4.6 years in the role. We don't have any record of a personal shareholding under Padmanabhan Nemmara's name. A total of 3 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. Under Padmanabhan Nemmara's leadership, the company delivered a total shareholder return of 38%. Reported Earnings • Jun 06
Full year 2021 earnings released: EPS ₹1.59 (vs ₹0.42 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: ₹6.32b (down 45% from FY 2020). Net income: ₹2.58b (up 281% from FY 2020). Profit margin: 41% (up from 5.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 21
Full year 2021 earnings released: EPS ₹1.59 (vs ₹0.42 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: ₹6.32b (down 45% from FY 2020). Net income: ₹2.58b (up 281% from FY 2020). Profit margin: 41% (up from 5.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 36% 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 • May 17
Investor sentiment improved over the past week After last week's 20% share price gain to ₹9.70, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 20x in the Software industry in India. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₹7.95, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 18x in the Software industry in India. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹7.15, the stock is trading at a trailing P/E ratio of 15.8x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 17x in the Software industry in India. Total returns to shareholders over the past three years are 32%. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS ₹0.14 (vs ₹0.17 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹2.75b (down 8.6% from 3Q 2020). Net income: ₹218.7m (down 20% from 3Q 2020). Profit margin: 7.9% (down from 9.1% in 3Q 2020). The decrease in margin was driven by lower 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 6% per year. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 19% share price gain to ₹5.65, the stock is trading at a trailing P/E ratio of 11x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 15x in the Software industry in India. Total return to shareholders over the past three years is a loss of 36%. Is New 90 Day High Low • Dec 24
New 90-day high: ₹5.40 The company is up 86% from its price of ₹2.90 on 25 September 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹3.95 The company is up 7.0% from its price of ₹3.70 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 30% over the same period.