Upcoming Dividend • Aug 14
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 21 August 2026. Payment date: 29 September 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.4%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.5%). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹191, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 296% over the past three years. Announcement • Jul 30
Omax Autos Limited, Annual General Meeting, Aug 29, 2026 Omax Autos Limited, Annual General Meeting, Aug 29, 2026, at 11:00 Indian Standard Time. Declared Dividend • Jul 27
Dividend of ₹2.50 announced Shareholders will receive a dividend of ₹2.50. Ex-date: 21st August 2026 Payment date: 28th September 2026 Dividend yield will be 2.2%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jul 26
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹4.89b market cap, or US$50.7m). Reported Earnings • Jul 25
First quarter 2027 earnings released: EPS: ₹4.96 (vs ₹3.34 in 1Q 2026) First quarter 2027 results: EPS: ₹4.96 (up from ₹3.34 in 1Q 2026). Revenue: ₹1.30b (up 30% from 1Q 2026). Net income: ₹106.0m (up 49% from 1Q 2026). Profit margin: 8.2% (up from 7.2% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year and the company’s share price has also increased by 65% per year. Announcement • Jul 24
Omax Autos Limited Recommends Final Dividend for the Financial Year 2025-26 Omax Autos Limited at its meeting held on July 24, 2026 approved recommended Final Dividend of INR 2.5/- (25%) per equity share of INR 10/- each, out of the profits of the Company for the financial year 2025-26, subject to the approval of the shareholders at the forthcoming Annual General Meeting; The Final dividend shall be paid within 30 days from the date of its declaration. Announcement • Jul 17
Omax Autos Limited to Report Q1, 2027 Results on Jul 24, 2026 Omax Autos Limited announced that they will report Q1, 2027 results on Jul 24, 2026 Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹239, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 397% over the past three years. Reported Earnings • May 05
Full year 2026 earnings released: EPS: ₹17.32 (vs ₹10.07 in FY 2025) Full year 2026 results: EPS: ₹17.32 (up from ₹10.07 in FY 2025). Revenue: ₹5.20b (up 41% from FY 2025). Net income: ₹370.4m (up 72% from FY 2025). Profit margin: 7.1% (up from 5.8% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹132, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 199% over the past three years. Announcement • Apr 24
Omax Autos Limited to Report Q4, 2026 Results on May 02, 2026 Omax Autos Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 02, 2026 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹115, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 122% over the past three years. Reported Earnings • Jan 28
Third quarter 2026 earnings released: EPS: ₹5.71 (vs ₹1.34 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.71 (up from ₹1.34 in 3Q 2025). Revenue: ₹1.32b (up 43% from 3Q 2025). Net income: ₹122.2m (up 326% from 3Q 2025). Profit margin: 9.3% (up from 3.1% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Jan 19
Omax Autos Limited to Report Q3, 2026 Results on Jan 27, 2026 Omax Autos Limited announced that they will report Q3, 2026 results on Jan 27, 2026 New Risk • Dec 18
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 6.9% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₹2.17b market cap, or US$24.1m). Valuation Update With 7 Day Price Move • Dec 15
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 20x. Average trailing P/E is 32x in the Auto Components industry in India. Total returns to shareholders of 81% over the past three years. Buy Or Sell Opportunity • Dec 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to ₹86.61. The fair value is estimated to be ₹108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 71%. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹93.60, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 33x in the Auto Components industry in India. Total returns to shareholders of 37% over the past three years. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: ₹0.16 (vs ₹7.27 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.16 (down from ₹7.27 in 2Q 2025). Revenue: ₹956.2m (up 22% from 2Q 2025). Net income: ₹3.35m (down 98% from 2Q 2025). Profit margin: 0.3% (down from 20% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Oct 22
Omax Autos Limited to Report Q2, 2026 Results on Oct 30, 2025 Omax Autos Limited announced that they will report Q2, 2026 results on Oct 30, 2025 Buy Or Sell Opportunity • Oct 08
Now 22% undervalued Over the last 90 days, the stock has risen 23% to ₹125. The fair value is estimated to be ₹159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 56%. Upcoming Dividend • Aug 15
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 28 September 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.7%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹147, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 178% over the past three years. Announcement • Jul 29
Omax Autos Limited, Annual General Meeting, Aug 29, 2025 Omax Autos Limited, Annual General Meeting, Aug 29, 2025, at 11:00 Indian Standard Time. Declared Dividend • Jul 26
Dividend increased to ₹2.50 Dividend of ₹2.50 is 150% higher than last year. Ex-date: 22nd August 2025 Payment date: 28th September 2025 Dividend yield will be 2.1%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. Earnings per share has grown by 48% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jul 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 6.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹2.36b market cap, or US$27.3m). Reported Earnings • Jul 25
First quarter 2026 earnings released: EPS: ₹3.34 (vs ₹1.24 in 1Q 2025) First quarter 2026 results: EPS: ₹3.34 (up from ₹1.24 in 1Q 2025). Revenue: ₹1.10b (up 31% from 1Q 2025). Net income: ₹71.4m (up 170% from 1Q 2025). Profit margin: 6.5% (up from 3.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • Jul 17
Omax Autos Limited to Report Q1, 2026 Results on Jul 24, 2025 Omax Autos Limited announced that they will report Q1, 2026 results on Jul 24, 2025 Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹105, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 117% over the past three years. Reported Earnings • May 04
Full year 2025 earnings released: EPS: ₹10.07 (vs ₹5.45 in FY 2024) Full year 2025 results: EPS: ₹10.07 (up from ₹5.45 in FY 2024). Revenue: ₹3.94b (up 11% from FY 2024). Net income: ₹215.5m (up 85% from FY 2024). Profit margin: 5.5% (up from 3.3% in FY 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
Omax Autos Limited to Report Q4, 2025 Results on May 02, 2025 Omax Autos Limited announced that they will report Q4, 2025 results on May 02, 2025 Buy Or Sell Opportunity • Feb 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ₹95.10. The fair value is estimated to be ₹120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 36%. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹82.78, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 64% over the past three years. Buy Or Sell Opportunity • Jan 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to ₹103. The fair value is estimated to be ₹129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 36%. Reported Earnings • Jan 25
Third quarter 2025 earnings released: EPS: ₹1.34 (vs ₹0.12 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹1.34 (up from ₹0.12 loss in 3Q 2024). Revenue: ₹976.1m (down 7.3% from 3Q 2024). Net income: ₹28.7m (up ₹31.3m from 3Q 2024). Profit margin: 2.9% (up from net loss in 3Q 2024). 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 27% per year, which means it is significantly lagging earnings growth. Announcement • Jan 15
Omax Autos Limited to Report Q3, 2025 Results on Jan 24, 2025 Omax Autos Limited announced that they will report Q3, 2025 results on Jan 24, 2025 Announcement • Oct 21
Omax Autos Limited to Report Q2, 2025 Results on Oct 30, 2024 Omax Autos Limited announced that they will report Q2, 2025 results on Oct 30, 2024 Announcement • Aug 30
Omax Autos Limited Appoints Nadira Chaturvedi as an Independent Director Omax Autos Limited at its AGM held on August 29, 2024 appointed Ms. Nadira Chaturvedi as an Independent Director of the Company. Upcoming Dividend • Aug 15
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 22 August 2024. Payment date: 28 September 2024. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.6%). Announcement • Aug 07
Omax Autos Limited Proposes Final Dividend for the Financial Year Ended 31 March, 2024, Payable on or Before 28Th September, 2024 Omax Autos Limited proposed at its AGM to be held on 29 August 2024 final dividend of 10% i.e. INR 1/- per equity share for total amount of INR 2,13,88,213/- for the financial year ended 31st March, 2024. Record Date is 22 August, 2024. Pursuant to the provisions of Section 123 of the Companies Act, 2013, the payment of Final Dividend on Equity Shares, upon declaration by the Shareholders at the AGM, will be made on or before 28th September, 2024 (i.e. within 30 days from the date of declaration-29th August 2024). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹134, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 34x in the Auto Components industry in India. Total returns to shareholders of 137% over the past three years. Announcement • Jul 30
Omax Autos Limited, Annual General Meeting, Aug 29, 2024 Omax Autos Limited, Annual General Meeting, Aug 29, 2024. Reported Earnings • Jul 30
First quarter 2025 earnings released: EPS: ₹1.24 (vs ₹0.54 loss in 1Q 2024) First quarter 2025 results: EPS: ₹1.24 (up from ₹0.54 loss in 1Q 2024). Revenue: ₹918.8m (up 28% from 1Q 2024). Net income: ₹26.5m (up ₹38.1m from 1Q 2024). Profit margin: 2.9% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 17
Omax Autos Limited to Report Q1, 2025 Results on Jul 29, 2024 Omax Autos Limited announced that they will report Q1, 2025 results on Jul 29, 2024 Reported Earnings • May 04
Full year 2024 earnings released: EPS: ₹5.45 (vs ₹11.38 loss in FY 2023) Full year 2024 results: EPS: ₹5.45 (up from ₹11.38 loss in FY 2023). Revenue: ₹3.73b (up 24% from FY 2023). Net income: ₹116.6m (up ₹360.0m from FY 2023). Profit margin: 3.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 03
Omax Autos Limited Declares Interim Dividend for the Financial Year 2023-2024 Omax Autos Limited announced that at its Board of Directors of the Company in their meeting held on May 2, 2024, the Board of Directors of the Company has declare Interim dividend of INR 1/- (10%) per equity share of INR 10/- each for the Fiscal Year 2023-24. The interim dividend shall be paid within 30 days from the date of its declaration. The Board has also fixed 13th May 2024 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend. The dividend. will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched within 30 days from the date of its declaration. Board Change • Apr 18
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Additional Non-Executive Independent Director Nipun Khurana 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. Reported Earnings • Jan 31
Third quarter 2024 earnings released: ₹0.12 loss per share (vs ₹1.20 loss in 3Q 2023) Third quarter 2024 results: ₹0.12 loss per share (improved from ₹1.20 loss in 3Q 2023). Revenue: ₹1.09b (up 40% from 3Q 2023). Net loss: ₹2.67m (loss narrowed 90% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 24
Insider recently sold ₹9.7m worth of stock On the 21st of December, Ravinder Mehta sold around 149k shares on-market at roughly ₹64.89 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Oct 20
Omax Autos Limited to Report Q2, 2024 Results on Nov 02, 2023 Omax Autos Limited announced that they will report Q2, 2024 results on Nov 02, 2023 Announcement • Aug 03
Omax Autos Limited, Annual General Meeting, Aug 24, 2023 Omax Autos Limited, Annual General Meeting, Aug 24, 2023, at 11:00 Indian Standard Time. Agenda: To consider financial results for the year ended March 31, 2023; to consider appoint directors; to consider reappointment of auditors; to consider ratify the remuneration of cost auditors; and to consider other matters. Reported Earnings • Jul 27
First quarter 2024 earnings released: ₹0.54 loss per share (vs ₹2.32 loss in 1Q 2023) First quarter 2024 results: ₹0.54 loss per share (improved from ₹2.32 loss in 1Q 2023). Revenue: ₹753.6m (up 7.1% from 1Q 2023). Net loss: ₹11.6m (loss narrowed 77% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Announcement • Jul 18
Omax Autos Limited to Report Q1, 2024 Results on Jul 26, 2023 Omax Autos Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Jul 26, 2023 Reported Earnings • May 10
Full year 2023 earnings released: ₹11.38 loss per share (vs ₹10.97 profit in FY 2022) Full year 2023 results: ₹11.38 loss per share (down from ₹10.97 profit in FY 2022). Revenue: ₹3.16b (up 42% from FY 2022). Net loss: ₹243.4m (down 204% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Announcement • Feb 09
Omax Autos Limited Announces Cessation of Independent Directors Omax Autos Limited announced that Mr. Triloki Nath Kapoor and Mr. Ramesh Chandra Vaish, Directors of the Company completed their 2 terms of tenure ship as Independent Directors of the Company at 39th Annual General Meeting i.e. 30th September, 2022 of which voting results had also got declared on October 1, 2022. Reported Earnings • Jan 25
Third quarter 2023 earnings released: ₹1.20 loss per share (vs ₹4.74 loss in 3Q 2022) Third quarter 2023 results: ₹1.20 loss per share (improved from ₹4.74 loss in 3Q 2022). Revenue: ₹779.6m (up 41% from 3Q 2022). Net loss: ₹25.7m (loss narrowed 75% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jan 24
Omax Autos Limited Approves Appointment of Devashish Mehta as New Chief Financial Officer of the Company Omax Autos Limited approved appointment of Mr. Devashish Mehta as a new Chief Financial Officer of the Company with effect from January 23, 2023 at the board meeting held on January 23, 2023. A B.Sc in Marketing from Pennsylvania State University, Mr. Devashish Mehta has acquired strong analytical business skills. Mr. Devashish Mehta having an experience of more than 11 years in Auto ancillary industry and has more than 10 years of experience in business management. He has got a very wide and rich experience and understanding of automotive parts/components. Mr. Devashish Mehta has vast experience of spearheading the Non-2W Business Segment and also in case of Strategic alignment with difference players in the industry. Announcement • Jan 14
Omax Autos Limited to Report Q3, 2023 Results on Jan 23, 2023 Omax Autos Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Jan 23, 2023 Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improved over the past week After last week's 24% share price gain to ₹66.70, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₹80.25, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 22x in the Auto Components industry in India. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₹58.25, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 22x in the Auto Components industry in India. Total returns to shareholders of 61% over the past three years. Reported Earnings • Aug 09
First quarter 2023 earnings released: ₹2.32 loss per share (vs ₹2.88 loss in 1Q 2022) First quarter 2023 results: ₹2.32 loss per share (up from ₹2.88 loss in 1Q 2022). Revenue: ₹733.5m (up 79% from 1Q 2022). Net loss: ₹49.6m (loss narrowed 20% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Ram Chugh was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 15
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: ₹4.74 loss per share (up from ₹6.34 loss in 3Q 2021). Revenue: ₹595.4m (up 105% from 3Q 2021). Net loss: ₹101.3m (loss narrowed 25% from 3Q 2021). Revenue exceeded analyst estimates by 24%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. MD & Vice-Chairman Jatender Mehta was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 06
Insider recently sold ₹2.9m worth of stock On the 30th of June, Ravinder Mehta sold around 44k shares on-market at roughly ₹64.61 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹3.1m more than they bought in the last 12 months. Reported Earnings • Jun 25
Full year 2021 earnings released: ₹4.72 loss per share (vs ₹20.38 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹1.84b (down 61% from FY 2020). Net loss: ₹101.0m (down 123% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. 
