Announcement • May 19
Quality RO Industries Limited to Report Q4, 2026 Results on May 29, 2026 Quality RO Industries Limited announced that they will report Q4, 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹56.07, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 27x in the Machinery industry in India. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹71.25, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 25x in the Machinery industry in India. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹104, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 26x in the Machinery industry in India. Total loss to shareholders of 2.3% over the past three years. Announcement • Nov 04
Quality RO Industries Limited to Report First Half, 2026 Results on Nov 12, 2025 Quality RO Industries Limited announced that they will report first half, 2026 results on Nov 12, 2025 Announcement • Sep 05
Quality RO Industries Limited, Annual General Meeting, Sep 30, 2025 Quality RO Industries Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Location: plot no.09, por industrial park, nh 08 behind sahayog hotel, village por vadodara, gujarat-391243., vadodara India Announcement • Sep 03
Quality RO Industries Limited Appoints Aayush Kumar Bharodiya as the Non-Executive Independent Director, Effective September 3, 2025 Quality RO Industries Limited at its meeting held on 03rd September, 2025, has inter alia considered and approved the appointment of Mr. Aayush Kumar Bharodiya (Din:11270937) as the Non-Executive Independent Director of the company for a term of 5 years. Mr. Aayush Kumar Bharodiya is engaged in the supply and trading of building and road construction materials, including sand, metal, dust, rubber, and related aggregates, in Vadodara. With over two years of hands-on experience in the construction materials industry, he has developed a strong understanding of market dynamics, quality standards, and client requirements. His expertise lies in ensuring timely and reliable delivery of high-grade materials essential for infrastructure and real estate projects. Through his practical knowledge and industry insights, Mr. Bharodiya is well-positioned to contribute effectively to the growth and development of any organization he associates with, bringing value through his dedication, resource management, and commitment to excellence. Date of Appointment is 03rd September, 2025. Board Change • Aug 01
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. 5 experienced directors. No highly experienced directors. Non-Executive Independent Director Shirish Kotadia 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. Board Change • Jun 30
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. 5 experienced directors. No highly experienced directors. Non-Executive Independent Director Shirish Kotadia 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 • May 31
Full year 2025 earnings released: EPS: ₹6.77 (vs ₹5.78 in FY 2024) Full year 2025 results: EPS: ₹6.77 (up from ₹5.78 in FY 2024). Revenue: ₹160.4m (up 36% from FY 2024). Net income: ₹17.3m (up 17% from FY 2024). Profit margin: 11% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Board Change • May 20
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. 5 experienced directors. No highly experienced directors. Non-Executive Independent Director Shirish Kotadia 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. Board Change • Apr 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. 5 experienced directors. No highly experienced directors. Non-Executive Independent Director Shirish Kotadia 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. Board Change • Jan 01
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. 5 experienced directors. No highly experienced directors. Non-Executive Independent Director Shirish Kotadia 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. Announcement • Nov 06
Quality RO Industries Limited to Report Q2, 2025 Results on Nov 14, 2024 Quality RO Industries Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 04
Quality RO Industries Limited, Annual General Meeting, Sep 27, 2024 Quality RO Industries Limited, Annual General Meeting, Sep 27, 2024, at 13:00 Indian Standard Time. Location: plot no.09, por industrial park, nh 08 behind sahayog hotel, village por vadodara, gujarat-391243., vadodara India Announcement • Jun 08
Quality RO Industries Limited Announces Resignation of Priyanka Patni from the Post of Company Secretary and Compliance Officer Quality RO Industries Limited at the resignation of Ms. Priyanka Patni (ACS: 67201) from the post of Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from March 19, 2024. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹93.17, the stock trades at a trailing P/E ratio of 67.4x. Average trailing P/E is 39x in the Machinery industry in India. Total returns to shareholders of 38% over the past year. New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (67% accrual ratio). Market cap is less than US$10m (₹205.3m market cap, or US$2.47m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (₹93m revenue, or US$1.1m). Board Change • May 14
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. No highly experienced directors. Whole-Time Director Damini Dholiya is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 21
Quality RO Industries Limited Approves Appointment of Varsha Khaitan as Company Secretary and Compliance Officer Quality RO Industries Limited announced that at its board meeting held on 20 April 2024, approved the appointment of Ms. Varsha Khaitan as a company secretary and compliance officer of the company with effect from 20 April 2024. Ms. Varsha Khaitan is an associate member of the Institute of Company Secretaries of India. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹75.00, the stock trades at a trailing P/E ratio of 54.3x. Average trailing P/E is 37x in the Machinery industry in India. Total loss to shareholders of 8.5% over the past year. Board Change • Mar 31
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. No highly experienced directors. Whole-Time Director Damini Dholiya is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 21
Quality Ro Industries Limited Announces Resignation of Priyanka Patni as Company Secretary and Compliance Officer Quality RO Industries Limited announced Ms. Priyanka Patni has resigned from the post of Company Secretary and Compliance Officer of the Company with effect from March 19, 2024. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹86.99, the stock trades at a trailing P/E ratio of 62.9x. Average trailing P/E is 35x in the Machinery industry in India. Total returns to shareholders of 18% over the past year. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹89.50, the stock trades at a trailing P/E ratio of 64.8x. Average trailing P/E is 33x in the Machinery industry in India. Total returns to shareholders of 79% over the past year. Announcement • Sep 07
Quality RO Industries Limited, Annual General Meeting, Sep 29, 2023 Quality RO Industries Limited, Annual General Meeting, Sep 29, 2023, at 11:00 Indian Standard Time. Location: Plot No. 09, POR Industrial Park, NH 08 Behind Sahayog Hotel Village POR, Vadodara India Agenda: To consider audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023 together with the Reports of the Board of Directors and auditors thereon; to consider audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 together with the Reports of the Board of Directors and Auditors thereon; to consider Re-appointment of Mrs. Damini Dholiya , the retiring director; to consider appointment of Statutory Auditor of Company; and to consider other matters. Announcement • May 13
Quality RO Industries Limited to Report Fiscal Year 2023 Results on May 22, 2023 Quality RO Industries Limited announced that they will report fiscal year 2023 results on May 22, 2023 Announcement • Feb 17
Quality RO Industries Limited Approves Appointment of Priyanka Patni as Company Secretory and Compliance Officer Quality RO Industries Limited announced that at its board meeting held on February 16, 2023, approved appointment of Ms. Priyanka Patni as company secretory and compliance officer of company, effective February 16, 2023. Mr. Priyanka Patni is Associates member of ICSI having Membership No is 67201. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹59.05, the stock trades at a trailing P/E ratio of 76.5x. Average trailing P/E is 25x in the Machinery industry in India. Announcement • Jan 10
Quality RO Industries Limited announced that it expects to receive INR 6.2 million in funding Quality RO Industries Limited announced private placement of 6,20,000 Equity Shares at issue price of INR 10 on preferential basis for gross proceeds of INR 6,200,000 on January 9, 2023. The transaction will include participation from individual investors Vishal Kachhadiya, Kishorkumar Kanani, Ghanshyambhai Kachhadiya, Bhaveshbhai Sojitra, Chintan Joshi, Bhumikaben Patel, Vipulbhai Rupareliya, and Sumitaben Rupareliya. The transaction received board's approval with respect to the transaction. Announcement • Jan 07
Quality RO Industries Limited Announces Resignation of Narendra Gupta as Company Secretary & Compliance Officer Quality RO Industries Limited informed that Mr. Narendra Gupta, has given the resignation from the post of Company Secretary & Compliance officer of Company vide her resignation letter as received on mailed dated January 06, 2023. The Company has accepted this resignation and he has been relieved from his duties with effect from closing office hours on January 06, 2023. Reason: Mr. Narendra Gupta, Company Secretary & Compliance officer of the Company, has resigned from the Company due to Pre- occupation and time constraints for the said position and he has been relieved from his duties with effect from closing office hours on January 06, 2023. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improved over the past week After last week's 15% share price gain to ₹61.00, the stock trades at a trailing P/E ratio of 79x. Average trailing P/E is 26x in the Machinery industry in India. Announcement • Nov 05
Quality RO Industries Limited to Report Q2, 2023 Results on Nov 11, 2022 Quality RO Industries Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Recent Insider Transactions • Aug 20
Chairman & MD recently bought ₹525k worth of stock On the 18th of August, Vivek Dholiya bought around 10k shares on-market at roughly ₹52.50 per share. This was the largest purchase by an insider in the last 3 months. This was Vivek's only on-market trade for the last 12 months. Announcement • Aug 17
Quality RO Industries Limited, Annual General Meeting, Sep 10, 2022 Quality RO Industries Limited, Annual General Meeting, Sep 10, 2022, at 11:00 Indian Standard Time. Location: PLOT NO. 09, POR INDUSTRIAL PARK, NH 08 BEHIND SAHAYOG HOTEL, VILLAGE POR Vadodara Gujarat India Agenda: To consider Audited Standalone Financial Statements of the Company for the Financial Year ended 31 March, 2022 together with the Reports of the Board of Directors and Auditors thereon; to consider re-appointment of Damini Dholiya, the retiring director; to consider Appointment of Statutory Auditor of Company; and to consider nay other matters. Announcement • May 17
Quality RO Industries Limited to Report Second Half, 2022 Results on May 22, 2022 Quality RO Industries Limited announced that they will report second half, 2022 results on May 22, 2022 
