Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹163, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 36x in the Consumer Durables industry in India. Total returns to shareholders of 292% over the past three years. New Risk • Jul 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (88% accrual ratio). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (₹3.01b market cap, or US$31.3m). Announcement • Jun 30
Arham Technologies Limited, Annual General Meeting, Jul 22, 2026 Arham Technologies Limited, Annual General Meeting, Jul 22, 2026, at 12:30 Indian Standard Time. Location: plot no.15 sector 22, village tuta, nava raipur, india - 492015, chhattisgarh India