Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹60.66, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 15x in the Construction industry in India. Total returns to shareholders of 9.8% over the past three years. Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹1.50 (vs ₹14.55 in FY 2025) Full year 2026 results: EPS: ₹1.50 (down from ₹14.55 in FY 2025). Revenue: ₹15.2b (up 5.3% from FY 2025). Net income: ₹74.5m (down 89% from FY 2025). Profit margin: 0.5% (down from 4.5% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • May 12
R.P.P. Infra Projects Limited to Report Fiscal Year 2026 Results on May 29, 2026 R.P.P. Infra Projects Limited announced that they will report fiscal year 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹64.53, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 15x in the Construction industry in India. Total returns to shareholders of 53% over the past three years. New Risk • Apr 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 8.3% 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 Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). 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 (2.7% net profit margin). Market cap is less than US$100m (₹3.11b market cap, or US$33.3m). New Risk • Feb 14
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: 2.7% Last year net profit margin: 4.4% 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 Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₹3.97b market cap, or US$43.9m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.14 (vs ₹4.96 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.14 (down from ₹4.96 in 3Q 2025). Revenue: ₹3.83b (up 7.9% from 3Q 2025). Net income: ₹6.70m (down 96% from 3Q 2025). Profit margin: 0.2% (down from 5.3% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
R.P.P. Infra Projects Limited to Report Q3, 2026 Results on Feb 12, 2026 R.P.P. Infra Projects Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Board Change • Dec 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Independent Director Marappan Murugesan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 08
R.P.P. Infra Projects Limited to Report Q2, 2026 Results on Nov 13, 2025 R.P.P. Infra Projects Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 13, 2025 Upcoming Dividend • Sep 16
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 23 September 2025. Payment date: 30 October 2025. Payout ratio is a comfortable 3.4% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.8%). New Risk • Sep 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹7.16b market cap, or US$81.2m). New Risk • Sep 01
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 8.0% 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 Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (₹7.87b market cap, or US$89.2m). Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Director Raghav Sanu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹132, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 207% over the past three years. Announcement • Aug 14
R.P.P. Infra Projects Limited Announces Board and Board Committee Changes, Effective August 11, 2025 The board of directors of R.P.P. Infra Projects Limited meeting held on August 11, 2025, approved resignation of Mr. C. K Venkatachalam and Mr. S Anandavadivel from the position of Executive Directors with effect from August 11, 2025 due to personal and professional Commitments. Approved appointment of Mr. Venkatachalam Pranav Harshan and Mr. Sanu Raghav as an additional Directors from August 11, 2025. The board also approved reconstitution of the Legal and Finance Committee: Mr. Thangavel - Chairman, Mr. Arul Sundaram and Mr. Murugesan as members. Mr. V. Pranav has an excellent academic background. He has completed B.S. (USA) from the University 0f Southern California (Marshall School of Business) and obtained a Master 0f Science in Management and Finance from the London Business School. Mr. Sanu Raghav has an excellent academic background. He has completed Master of Science in Management. Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹2.19 (vs ₹4.17 in 1Q 2025) First quarter 2026 results: EPS: ₹2.19 (down from ₹4.17 in 1Q 2025). Revenue: ₹3.49b (up 2.5% from 1Q 2025). Net income: ₹108.4m (down 32% from 1Q 2025). Profit margin: 3.1% (down from 4.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 44% per year. New Risk • Jun 05
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 (24% accrual ratio). 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 (₹5.58b market cap, or US$65.0m). Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹13.17 (vs ₹15.11 in FY 2024) Full year 2025 results: EPS: ₹13.17. Revenue: ₹14.6b (up 5.0% from FY 2024). Net income: ₹652.9m (up 14% from FY 2024). Profit margin: 4.5% (up from 4.1% in FY 2024). The increase in margin was driven by higher revenue. Announcement • May 23
R.P.P. Infra Projects Limited to Report Q4, 2025 Results on May 28, 2025 R.P.P. Infra Projects Limited announced that they will report Q4, 2025 results on May 28, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹165, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 315% over the past three years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹117, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 153% over the past three years. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹4.96 (vs ₹4.25 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.96 (up from ₹4.25 in 3Q 2024). Revenue: ₹3.61b (up 11% from 3Q 2024). Net income: ₹188.7m (up 17% from 3Q 2024). Profit margin: 5.2% (up from 4.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Announcement • Feb 12
R.P.P. Infra Projects Limited Announces Directorate Appointments R.P.P. Infra Projects Limited at its board meeting approved appointment of Mr. Venkatesan Ellatah Naidu as an Non- Executive -Independent Director of the Company for A Period of 2 Years, Appointment of Mr. Chinniampalayam Kulandaisamy Venkatachalam as an Executive Director of the Company for A Period of Five Years and Appointment of Mr. Anandavadivel Sathiyamoorthy as an Executive Director of the Company for A Period of Five Years. Announcement • Feb 01
R.P.P. Infra Projects Limited to Report Q3, 2025 Results on Feb 14, 2025 R.P.P. Infra Projects Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Board Change • Jan 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Director Marappan Murugesan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 02
R.P.P. Infra Projects Limited Appoints Mr. Marappan Murugesan as Additional Director R.P.P. Infra Projects Limited announced Appointment of Mr. Marappan Murugesan (DIN: 07900558) as an Additional Director (Designated as Independent Director). Date of appointment: 31 December 2024. He Holds A Bachelor of Engineering in Civil and Brings with Him an Impressive 35 Years of Professional Experience in the Field. He Has Served as A Government Civil Engineer in the Tamil Nadu Highways Department, Where He Successfully Managed and Executed Numerous Prestigious Road and Flyover Projects. from 2019 to 2024, He Held the Esteemed Position of Head of Department in the Tamil Nadu Highways Department. His Vast Knowledge and Dedication Have Significantly Contributed to the Development of Critical Infrastructure in the Region. New Risk • Nov 26
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 8.6% 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 (8.6% average weekly change). Market cap is less than US$100m (₹7.64b market cap, or US$90.6m). Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹200, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 295% over the past three years. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹4.97 (vs ₹4.49 in 2Q 2024) Second quarter 2025 results: EPS: ₹4.97 (up from ₹4.49 in 2Q 2024). Revenue: ₹4.03b (up 8.1% from 2Q 2024). Net income: ₹189.2m (up 11% from 2Q 2024). Profit margin: 4.7% (up from 4.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Nov 09
R.P.P. Infra Projects Limited to Report Q2, 2025 Results on Nov 13, 2024 R.P.P. Infra Projects Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹170, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 189% over the past three years. Announcement • Sep 12
R.P.P. Infra Projects Limited, Annual General Meeting, Sep 28, 2024 R.P.P. Infra Projects Limited, Annual General Meeting, Sep 28, 2024, at 15:00 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹4.17 (vs ₹2.75 in 1Q 2024) First quarter 2025 results: EPS: ₹4.17 (up from ₹2.75 in 1Q 2024). Revenue: ₹3.44b (up 42% from 1Q 2024). Net income: ₹158.3m (up 52% from 1Q 2024). Profit margin: 4.6% (up from 4.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Aug 08
R.P.P. Infra Projects Limited to Report Q1, 2025 Results on Aug 12, 2024 R.P.P. Infra Projects Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 12, 2024 Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹195, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 31x in the Construction industry in India. Total returns to shareholders of 196% over the past three years. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹177, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 31x in the Construction industry in India. Total returns to shareholders of 200% over the past three years. New Risk • Jul 09
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 8.3% 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 (8.3% average weekly change). Market cap is less than US$100m (₹6.41b market cap, or US$76.8m). Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹150, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 200% over the past three years. Reported Earnings • Jun 01
Full year 2024 earnings released Full year 2024 results: Revenue: ₹13.5b (up 30% from FY 2023). Net income: ₹572.0m (up 97% from FY 2023). Profit margin: 4.2% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • May 21
Now 21% overvalued Over the last 90 days, the stock has fallen 2.2% to ₹122. The fair value is estimated to be ₹101, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 35%. Announcement • May 19
R.P.P. Infra Projects Limited to Report Q4, 2024 Results on May 29, 2024 R.P.P. Infra Projects Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹128, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 190% over the past three years. Buy Or Sell Opportunity • Apr 24
Now 24% overvalued Over the last 90 days, the stock has fallen 11% to ₹128. The fair value is estimated to be ₹103, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 35%. Buy Or Sell Opportunity • Apr 04
Now 21% overvalued Over the last 90 days, the stock has fallen 4.9% to ₹123. The fair value is estimated to be ₹102, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 35%. Buy Or Sell Opportunity • Feb 22
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to ₹131. The fair value is estimated to be ₹106, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 35%. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹4.25 (vs ₹2.05 in 3Q 2023) Third quarter 2024 results: EPS: ₹4.25 (up from ₹2.05 in 3Q 2023). Revenue: ₹3.41b (up 38% from 3Q 2023). Net income: ₹161.1m (up 112% from 3Q 2023). Profit margin: 4.7% (up from 3.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
R.P.P. Infra Projects Limited to Report Q3, 2024 Results on Feb 14, 2024 R.P.P. Infra Projects Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Buy Or Sell Opportunity • Jan 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 100% to ₹149. The fair value is estimated to be ₹123, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹111, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 24x in the Construction industry in India. Total returns to shareholders of 166% over the past three years. Buying Opportunity • Dec 20
Now 21% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be ₹116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. Buying Opportunity • Nov 23
Now 21% undervalued Over the last 90 days, the stock is up 47%. The fair value is estimated to be ₹117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Nov 13
Second quarter 2024 earnings released: EPS: ₹4.49 (vs ₹0.47 in 2Q 2023) Second quarter 2024 results: EPS: ₹4.49 (up from ₹0.47 in 2Q 2023). Revenue: ₹3.72b (up 46% from 2Q 2023). Net income: ₹170.3m (up ₹152.8m from 2Q 2023). Profit margin: 4.6% (up from 0.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹89.47, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 22x in the Construction industry in India. Total returns to shareholders of 167% over the past three years. Announcement • Nov 04
R.P.P. Infra Projects Limited to Report Q2, 2024 Results on Nov 08, 2023 R.P.P. Infra Projects Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Board Change • Sep 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Ramasamy Kalaimony was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 05
R.P.P. Infra Projects Limited, Annual General Meeting, Sep 30, 2023 R.P.P. Infra Projects Limited, Annual General Meeting, Sep 30, 2023. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹2.75 (vs ₹0.98 in 1Q 2023) First quarter 2024 results: EPS: ₹2.75 (up from ₹0.98 in 1Q 2023). Revenue: ₹2.49b (up 7.0% from 1Q 2023). Net income: ₹104.4m (up 190% from 1Q 2023). Profit margin: 4.2% (up from 1.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Aug 03
R.P.P. Infra Projects Limited to Report Q1, 2024 Results on Aug 12, 2023 R.P.P. Infra Projects Limited announced that they will report Q1, 2024 results on Aug 12, 2023 New Risk • Jul 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% 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 Earnings have declined by 9.2% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (₹2.33b market cap, or US$28.3m). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹52.08, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 25% over the past three years. Reported Earnings • May 31
Full year 2023 earnings released Full year 2023 results: Revenue: ₹10.7b (up 33% from FY 2022). Net income: ₹289.6m (up 440% from FY 2022). Profit margin: 2.7% (up from 0.7% in FY 2022). The increase in margin was driven by higher revenue. Announcement • May 19
R.P.P. Infra Projects Limited to Report Q4, 2023 Results on May 29, 2023 R.P.P. Infra Projects Limited announced that they will report Q4, 2023 results on May 29, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₹2.53b (up 11% from 3Q 2022). Net income: ₹76.1m (up 62% from 3Q 2022). Profit margin: 3.0% (up from 2.1% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Feb 05
R.P.P. Infra Projects Limited to Report Q3, 2023 Results on Feb 11, 2023 R.P.P. Infra Projects Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 11, 2023 Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Ramasamy Kalaimony was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹0.47 (vs ₹2.81 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.47 (down from ₹2.81 in 2Q 2022). Revenue: ₹2.58b (up 43% from 2Q 2022). Net income: ₹17.5m (down 74% from 2Q 2022). Profit margin: 0.7% (down from 3.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 25% per year. Announcement • Nov 05
R.P.P. Infra Projects Limited to Report Q2, 2023 Results on Nov 14, 2022 R.P.P. Infra Projects Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 14, 2022 Announcement • Sep 29
R.P.P. Infra Projects Limited Appoints A. Karthiswaran as Company Secretary and Compliance Officer R.P.P. Infra Projects Limited informed that the Board has appointed Mr. A. Karthiswaran as Company Secretary (an Associate member of Institute of company Secretaries of India holding the prescribed qualification under Rule 2(1) Appointment & Qualification of Secretary Rules 1988), of the company with effective from September 28, 2022 and the Board also appointed him as compliance officer of the Company as per the regulation of 6 (1) of SEBI (LODR) Regulation 2015. Announcement • Sep 09
R.P.P. Infra Projects Limited, Annual General Meeting, Sep 30, 2022 R.P.P. Infra Projects Limited, Annual General Meeting, Sep 30, 2022, at 14:00 Indian Standard Time. Agenda: To receive, consider and adopt the Standalone Audited Financial Statements and Consolidated Audited Financial Statements of the Company for the financial year ended on March 31, 2022, the Reports of the Auditors thereon along with Report of Board along with attachment and annexures; to appoint a Director in the place of Mrs. A Nithya, who retires by rotation and being eligible, seeks re-appointment; to consider re-appointment Mr. P Arulsundaram as Chairman and Managing Director; to consider Approval of the Borrowing Limit of the Company; to Approve for Granting Loan, Providing Security or Guarantee; to consider Approval on Omnibus Basis Material Related Party Transaction; and to consider other matters. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹0.98 (vs ₹1.43 in 1Q 2022) First quarter 2023 results: EPS: ₹0.98. Revenue: ₹2.34b (up 86% from 1Q 2022). Net income: ₹36.0m (up 6.8% from 1Q 2022). Profit margin: 1.5% (down from 2.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Announcement • Aug 03
R.P.P. Infra Projects Limited to Report Q1, 2023 Results on Aug 12, 2022 R.P.P. Infra Projects Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jun 04
Full year 2022 earnings released: EPS: ₹1.46 (vs ₹6.55 in FY 2021) Full year 2022 results: EPS: ₹1.46 (down from ₹6.55 in FY 2021). Revenue: ₹8.16b (up 57% from FY 2021). Net income: ₹53.6m (down 65% from FY 2021). Profit margin: 0.7% (down from 3.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • May 17
R.P.P. Infra Projects Limited to Report Q4, 2022 Results on May 30, 2022 R.P.P. Infra Projects Limited announced that they will report Q4, 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 19% share price gain to ₹50.70, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 19x in the Construction industry in India. Total loss to shareholders of 45% over the past three years. Announcement • Mar 04
R.P.P. Infra Projects Limited Announces Resignation of Pradeep Kumar Nath as Company Secretary, Effective March 28, 2022 R.P.P. Infra Projects Limited announced in Compliance with Regulation 30(2) read Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, informed that Mr. Pradeep Kumar Nath has tendered his resignation from the post of Company Secretary. Date of Cessation is 28th March, 2022. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹43.70, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 19x in the Construction industry in India. Total loss to shareholders of 43% over the past three years. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.98 (down from ₹2.05 in 3Q 2021). Revenue: ₹2.27b (up 68% from 3Q 2021). Net income: ₹46.9m (up 1.1% from 3Q 2021). Profit margin: 2.1% (down from 3.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Feb 03
R.P.P. Infra Projects Limited to Report Q3, 2022 Results on Feb 14, 2022 R.P.P. Infra Projects Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 23% share price gain to ₹65.95, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 19x in the Construction industry in India. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 20% share price gain to ₹60.30, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 16x in the Construction industry in India. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹71.50, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 18x in the Construction industry in India. Total loss to shareholders of 37% over the past three years. Reported Earnings • Aug 23
First quarter 2022 earnings released: EPS ₹1.43 (vs ₹0.64 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹1.24b (up 44% from 1Q 2021). Net income: ₹33.7m (up 132% from 1Q 2021). Profit margin: 2.7% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 29% share price gain to ₹87.00, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 20x in the Construction industry in India. Total loss to shareholders of 63% over the past three years. Reported Earnings • Jun 05
Full year 2021 earnings released: EPS ₹6.55 (vs ₹8.04 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹5.24b (down 13% from FY 2020). Net income: ₹155.0m (down 15% from FY 2020). Profit margin: 3.0% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Mar 02
New 90-day high: ₹74.45 The company is up 62% from its price of ₹45.95 on 02 December 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 32% over the same period. Announcement • Feb 18
RPP Infra Projects Limited Receives A Letter of Acceptance for A New Project RPP Infra Projects Limited received a letter of acceptance for a new project Viz,TNRSP II/EPC14-Strengthening and
Widening(Four Lane) of Triuneveli-Sengottai-Kollam Road of SH-39 from Km5+000 to Km27+700(Package-I) at a contract Price of INR 1,765.8. M/S. RPP Infra Projects Limited (60% holding) along with its JV partner (40% holding) will invest in the project as per their capacity of holding and complete the above project within the decided timelines. Announcement • Feb 17
RPP Infra Projects Announces New Order Win Worth INR 1,578.7 Million RPP Infra Projects announced a new order win worth INR 1,578.7 million "Rehabilitation of irrigation infrastructures' in G.A. Main Canal from L.S 30.430 Km to 45.290 km and G. A No.4 Channel, G. A No.5 Channel, G. A No.5A Rear Channel and Neivasal Thenpathy Branch Channels with Feeding Tanks in Papanasam and Orathanadu Taluks of Thanjavur District. Further, with the above work order, the Company is on way to have order Book of INR 20,000 million sat the end of fiscal year 2021. These order books would result in improved financials of the company. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS ₹2.05 (vs ₹2.95 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.37b (down 13% from 3Q 2020). Net income: ₹46.4m (down 26% from 3Q 2020). Profit margin: 3.4% (down from 4.0% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 10
New 90-day high: ₹73.45 The company is up 71% from its price of ₹42.95 on 12 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 44% over the same period. Announcement • Feb 07
R.P.P. Infra Projects Limited to Report Q3, 2021 Results on Feb 14, 2021 R.P.P. Infra Projects Limited announced that they will report Q3, 2021 results on Feb 14, 2021 Announcement • Feb 04
R.P.P. Infra Projects Limited Wins a New Order Win Worth INR 1,740.3 Million in JV R.P.P. Infra Projects Limited announced a new order win worth INR 1,740.3 million in JV (49:51). The company (49 % holding) along with its JV partner (51 % holding) has won an order for the construction of Integrated Storm Water Drain in North Korattur Lake Watershed of Kosasthalar basin in the extended area of Greater Chennai Corporation under Integrated Urban flood Management for the Chennai Kosasthalalyar Project funded by Asian Development. Announcement • Jan 12
RPP Infra Projects Limited and R.K. Infra Corp. Pvt Ltd.'s Joint Venture RPP-RK Win New Work Order for an Amount of INR 2,317.7 Million RPP Infra Projects Limited announced a new work order for an amount of INR 2,317.7 million from Highways Department for "Chennai Kanyakumari Industrial Corridor Projects". The Company has to execute these orders within a period of 24 months. The above work order has been awarded to the joint venture, RPP-RK (JV), where the Company holds 60% of the shares and joint venture partner R.K. Infra Corp. Pvt Ltd., holds 40% of the shares. As decided by the joint venture, this work order will be executed by RPP Infra Projects Limited subject to completion of formalities. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 29% share price gain to ₹66.60, the stock is trading at a trailing P/E ratio of 10.4x, up from the previous P/E ratio of 8.1x. This compares to an average P/E of 14x in the Construction industry in India. Total return to shareholders over the past three years is a loss of 79%. Is New 90 Day High Low • Jan 04
New 90-day high: ₹66.60 The company is up 31% from its price of ₹51.00 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 34% over the same period. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 20% share price gain to ₹54.95, the stock is trading at a trailing P/E ratio of 8.6x, up from the previous P/E ratio of 7.2x. This compares to an average P/E of 14x in the Construction industry in India. Total return to shareholders over the past three years is a loss of 82%. Valuation Update With 7 Day Price Move • Nov 03
Market pulls back on stock over the past week After last week's 15% share price decline to ₹43.25, the stock is trading at a trailing P/E ratio of 5.4x, down from the previous P/E ratio of 6.4x. This compares to an average P/E of 12x in the Construction industry in India. Total return to shareholders over the past three years is a loss of 84%. Is New 90 Day High Low • Oct 28
New 90-day low: ₹48.85 The company is down 9.0% from its price of ₹53.80 on 30 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 6.0% over the same period. 