Reported Earnings • Aug 05
First quarter 2027 earnings released: EPS: ₹17.37 (vs ₹24.66 in 1Q 2026) First quarter 2027 results: EPS: ₹17.37 (down from ₹24.66 in 1Q 2026). Revenue: ₹5.58b (up 20% from 1Q 2026). Net income: ₹196.3m (down 30% from 1Q 2026). Profit margin: 3.5% (down from 6.0% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Upcoming Dividend • Jul 08
Upcoming dividend of ₹35.00 per share Eligible shareholders must have bought the stock before 15 July 2026. Payment date: 22 August 2026. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.4%). Reported Earnings • Jul 01
Full year 2026 earnings released: EPS: ₹106 (vs ₹118 in FY 2025) Full year 2026 results: EPS: ₹106 (down from ₹118 in FY 2025). Revenue: ₹22.7b (up 20% from FY 2025). Net income: ₹1.20b (down 10% from FY 2025). Profit margin: 5.3% (down from 7.0% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 26
Bharat Bijlee Limited to Report Q1, 2027 Results on Aug 04, 2026 Bharat Bijlee Limited announced that they will report Q1, 2027 results on Aug 04, 2026 Announcement • May 13
Bharat Bijlee Limited announces Annual dividend, payable on August 22, 2026 Bharat Bijlee Limited announced Annual dividend of INR 35.0000 per share payable on August 22, 2026, ex-date on July 16, 2026 and record date on July 16, 2026. Reported Earnings • May 13
Full year 2026 earnings released: EPS: ₹106 (vs ₹118 in FY 2025) Full year 2026 results: EPS: ₹106 (down from ₹118 in FY 2025). Revenue: ₹23.1b (up 22% from FY 2025). Net income: ₹1.20b (down 10% from FY 2025). Profit margin: 5.2% (down from 7.0% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Bharat Bijlee Limited, Annual General Meeting, Jul 23, 2026 Bharat Bijlee Limited, Annual General Meeting, Jul 23, 2026, at 11:00 Indian Standard Time. Announcement • Mar 26
Bharat Bijlee Limited to Report Q4, 2026 Results on May 12, 2026 Bharat Bijlee Limited announced that they will report Q4, 2026 results on May 12, 2026 Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: ₹21.84 (vs ₹35.94 in 3Q 2025) Third quarter 2026 results: EPS: ₹21.84 (down from ₹35.94 in 3Q 2025). Revenue: ₹5.78b (up 12% from 3Q 2025). Net income: ₹246.8m (down 39% from 3Q 2025). Profit margin: 4.3% (down from 7.9% 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 19% per year whereas the company’s share price has increased by 24% per year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2,834, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 24x in the Electrical industry in India. Total returns to shareholders of 113% over the past three years. Announcement • Dec 24
Bharat Bijlee Limited to Report Q3, 2026 Results on Feb 09, 2026 Bharat Bijlee Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Oct 17
Second quarter 2026 earnings released: EPS: ₹24.98 (vs ₹16.62 in 2Q 2025) Second quarter 2026 results: EPS: ₹24.98 (up from ₹16.62 in 2Q 2025). Revenue: ₹4.85b (up 23% from 2Q 2025). Net income: ₹282.3m (up 50% from 2Q 2025). Profit margin: 5.8% (up from 4.8% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 26
Bharat Bijlee Limited to Report First Half, 2026 Results on Oct 16, 2025 Bharat Bijlee Limited announced that they will report first half, 2026 results on Oct 16, 2025 Announcement • Sep 12
Bharat Bijlee Limited Declares Dividend for the Financial Year 2024-2025 Bharat Bijlee Limited in the 78th Annual General Meeting held on September 11, 2025 declared Dividend of INR 35/- (Rupees Thirty Five only) per fully paid-up equity share (700%) of Face Value of 5/- (Rupees Five only) each, for the Financial Year 2024-2025. Upcoming Dividend • Aug 28
Upcoming dividend of ₹35.00 per share Eligible shareholders must have bought the stock before 04 September 2025. Payment date: 11 October 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.4%). New Risk • Jul 29
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). Reported Earnings • Jul 25
First quarter 2026 earnings released: EPS: ₹24.66 (vs ₹21.17 in 1Q 2025) First quarter 2026 results: EPS: ₹24.66 (up from ₹21.17 in 1Q 2025). Revenue: ₹4.65b (up 24% from 1Q 2025). Net income: ₹278.8m (up 17% from 1Q 2025). Profit margin: 6.0% (down from 6.4% 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 28% 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 • Jul 23
Bharat Bijlee Limited, Annual General Meeting, Sep 11, 2025 Bharat Bijlee Limited, Annual General Meeting, Sep 11, 2025, at 11:00 Indian Standard Time. Announcement • Jun 25
Bharat Bijlee Limited to Report Q1, 2026 Results on Jul 23, 2025 Bharat Bijlee Limited announced that they will report Q1, 2026 results on Jul 23, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: ₹118 (vs ₹116 in FY 2024) Full year 2025 results: EPS: ₹118 (up from ₹116 in FY 2024). Revenue: ₹19.5b (up 3.9% from FY 2024). Net income: ₹1.34b (up 1.7% from FY 2024). Profit margin: 6.9% (down from 7.0% 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 31% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹3,457, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 39x in the Electrical industry in India. Total returns to shareholders of 368% over the past three years. Announcement • Mar 26
Bharat Bijlee Limited to Report Fiscal Year 2025 Results on May 16, 2025 Bharat Bijlee Limited announced that they will report fiscal year 2025 results on May 16, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹3,015, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 36x in the Electrical industry in India. Total returns to shareholders of 257% over the past three years. Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: ₹35.94 (vs ₹26.27 in 3Q 2024) Third quarter 2025 results: EPS: ₹35.94 (up from ₹26.27 in 3Q 2024). Revenue: ₹5.23b (up 23% from 3Q 2024). Net income: ₹406.2m (up 37% from 3Q 2024). Profit margin: 7.8% (up from 7.0% 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 33% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹3,378, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 41x in the Electrical industry in India. Total returns to shareholders of 252% over the past three years. New Risk • Feb 02
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 7.6% 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 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 (7.6% average weekly change). Announcement • Dec 26
Bharat Bijlee Limited to Report Q3, 2025 Results on Feb 04, 2025 Bharat Bijlee Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Feb 04, 2025 New Risk • Nov 21
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 7.7% 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 (7.7% average weekly change). Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹16.62 (vs ₹24.67 in 2Q 2024) Second quarter 2025 results: EPS: ₹16.62 (down from ₹24.67 in 2Q 2024). Revenue: ₹4.05b (down 3.4% from 2Q 2024). Net income: ₹187.9m (down 33% from 2Q 2024). Profit margin: 4.6% (down from 6.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 29
Now 23% overvalued Over the last 90 days, the stock has fallen 10% to ₹4,524. The fair value is estimated to be ₹3,679, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 35%. Buy Or Sell Opportunity • Oct 08
Now 26% overvalued Over the last 90 days, the stock has fallen 11% to ₹4,602. The fair value is estimated to be ₹3,640, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 35%. Announcement • Sep 26
Bharat Bijlee Limited to Report Q2, 2025 Results on Nov 08, 2024 Bharat Bijlee Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Aug 14
Upcoming dividend of ₹35.00 per share Eligible shareholders must have bought the stock before 21 August 2024. Payment date: 28 September 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.3%). Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹5,107, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 53x in the Electrical industry in India. Total returns to shareholders of 643% over the past three years. Reported Earnings • Jul 19
First quarter 2025 earnings released: EPS: ₹21.17 (vs ₹22.42 in 1Q 2024) First quarter 2025 results: EPS: ₹21.17 (down from ₹22.42 in 1Q 2024). Revenue: ₹3.84b (down 13% from 1Q 2024). Net income: ₹239.3m (down 5.5% from 1Q 2024). Profit margin: 6.2% (up from 5.7% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 18
Bharat Bijlee Limited, Annual General Meeting, Aug 29, 2024 Bharat Bijlee Limited, Annual General Meeting, Aug 29, 2024, at 11:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹5,440, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 52x in the Electrical industry in India. Total returns to shareholders of 766% over the past three years. Announcement • Jun 29
Bharat Bijlee Limited to Report Q1, 2025 Results on Jul 18, 2024 Bharat Bijlee Limited announced that they will report Q1, 2025 results on Jul 18, 2024 New Risk • May 21
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: 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 (9.1% average weekly change). Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹116 (vs ₹73.63 in FY 2023) Full year 2024 results: EPS: ₹116 (up from ₹73.63 in FY 2023). Revenue: ₹19.1b (up 35% from FY 2023). Net income: ₹1.31b (up 58% from FY 2023). Profit margin: 6.9% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 18
Bharat Bijlee Limited Recommends Dividend for the Financial Year Ended March 31, 2024 Bharat Bijlee Limited at its board meeting held on May 17, 2024 recommended dividend of INR 35 per fully paid-up equity share (700%) of face value of INR 5/- each, for the Financial Year ended March 31, 2024. The Dividend, if approved by the Shareholders at the ensuing 77th Annual General Meeting (`AGM') of the Company, shall be paid to the shareholders within thirty (30) days from the date of the said AGM. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹3,659, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 45x in the Electrical industry in India. Total returns to shareholders of 478% over the past three years. Announcement • Mar 30
Bharat Bijlee Limited to Report Q4, 2024 Results on May 17, 2024 Bharat Bijlee Limited announced that they will report Q4, 2024 results on May 17, 2024 Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹5,881, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 34x in the Electrical industry in India. Total returns to shareholders of 442% over the past three years. Buy Or Sell Opportunity • Mar 14
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to ₹5,067. The fair value is estimated to be ₹4,101, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 39%. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹5,348, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 39x in the Electrical industry in India. Total returns to shareholders of 523% over the past three years. Buy Or Sell Opportunity • Jan 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to ₹4,502. The fair value is estimated to be ₹3,731, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 39%. Reported Earnings • Jan 13
Third quarter 2024 earnings released: EPS: ₹52.54 (vs ₹40.85 in 3Q 2023) Third quarter 2024 results: EPS: ₹52.54 (up from ₹40.85 in 3Q 2023). Revenue: ₹4.33b (up 12% from 3Q 2023). Net income: ₹296.9m (up 29% from 3Q 2023). Profit margin: 6.9% (up from 6.0% 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 39% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 27
Bharat Bijlee Limited to Report Q3, 2024 Results on Jan 12, 2024 Bharat Bijlee Limited announced that they will report Q3, 2024 results at 12:15 PM, Indian Standard Time on Jan 12, 2024 Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹4,621, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 37x in the Electrical industry in India. Total returns to shareholders of 441% over the past three years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹4,621, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 37x in the Electrical industry in India. Total returns to shareholders of 441% over the past three years. Recent Insider Transactions • Dec 16
Insider recently sold ₹29m worth of stock On the 13th of December, Anand Danani sold around 8k shares on-market at roughly ₹3,909 per share. This transaction amounted to 52% 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. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: ₹49.34 (vs ₹29.99 in 2Q 2023) Second quarter 2024 results: EPS: ₹49.34 (up from ₹29.99 in 2Q 2023). Revenue: ₹4.27b (up 32% from 2Q 2023). Net income: ₹278.9m (up 65% from 2Q 2023). Profit margin: 6.5% (up from 5.2% 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 41% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 18
Bharat Bijlee Limited to Report Q2, 2024 Results on Oct 30, 2023 Bharat Bijlee Limited announced that they will report Q2, 2024 results on Oct 30, 2023 Announcement • Sep 15
Bharat Bijlee Limited Approves Dividend for the Financial Year 2022-2023 Bharat Bijlee Limited announced that at the Annual general meeting to held on September 14, 2023, approved to declare dividend of INR 40 per fully paid-up equity share (400%) of Face Value of INR 10 each, for the Financial Year 2022-2023. Upcoming Dividend • Aug 30
Upcoming dividend of ₹40.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 06 September 2023. Payment date: 14 October 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.4%). Announcement • Aug 17
Bharat Bijlee Limited Proposes Dividend for the Financial Year 2022-2023 Bharat Bijlee Limited announced that at the Annual general meeting to be held on September 14, 2023, proposed to declare dividend of INR 40 per fully paid-up equity share (400%) of Face Value of INR 10 each, for the Financial Year 2022-2023. Reported Earnings • Jul 19
First quarter 2024 earnings released: EPS: ₹44.83 (vs ₹28.89 in 1Q 2023) First quarter 2024 results: EPS: ₹44.83 (up from ₹28.89 in 1Q 2023). Revenue: ₹4.51b (up 63% from 1Q 2023). Net income: ₹253.3m (up 55% from 1Q 2023). Profit margin: 5.6% (down from 5.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 09
Bharat Bijlee Limited Announces Resignation of Ravi Chaudhary as Non-Executive Non-Independent Director and Also Cease to Be A Key Managerial Person Bharat Bijlee Limited informed that Mr. Ravi Chaudhary (DIN 06728841), Non-Executive Non-Independent Director, has tendered his resignation vide letter dated June 27, 2023, as his term with LIC was over and the same was accepted and taken on record by the Company, from the close of business hours of July 07, 2023. Further, Mr. Ravi Chaudhary shall also cease to be a Key Managerial Person under the provisions of Section 203 and other applicable provisions, if any, of the Companies Act, 2013, effective from close of business hours of July 07, 2023. Announcement • Jul 07
Bharat Bijlee Limited to Report Q1, 2024 Results on Jul 18, 2023 Bharat Bijlee Limited announced that they will report Q1, 2024 results on Jul 18, 2023 Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹147 (vs ₹98.34 in FY 2022) Full year 2023 results: EPS: ₹147 (up from ₹98.34 in FY 2022). Revenue: ₹14.5b (up 14% from FY 2022). Net income: ₹832.2m (up 50% from FY 2022). Profit margin: 5.7% (up from 4.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 27
Bharat Bijlee Limited Recommends Dividend for the Financial Year Ended March 31, 2023 Bharat Bijlee Limited Recommended a Dividend of INR 40 per fully paid-up equity share (400%) of face value of INR 10 each, for the Financial Year ended March 31, 2023. Reported Earnings • Jan 24
Third quarter 2023 earnings released: EPS: ₹40.85 (vs ₹28.13 in 3Q 2022) Third quarter 2023 results: EPS: ₹40.85 (up from ₹28.13 in 3Q 2022). Revenue: ₹3.95b (up 22% from 3Q 2022). Net income: ₹230.9m (up 45% from 3Q 2022). Profit margin: 5.8% (up from 4.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 10
Bharat Bijlee Limited to Report Q3, 2023 Results on Jan 23, 2023 Bharat Bijlee Limited announced that they will report Q3, 2023 results on Jan 23, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: ₹29.99 (vs ₹25.47 in 2Q 2022) Second quarter 2023 results: EPS: ₹29.99 (up from ₹25.47 in 2Q 2022). Revenue: ₹3.30b (up 8.1% from 2Q 2022). Net income: ₹169.4m (up 18% from 2Q 2022). Profit margin: 5.1% (up from 4.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
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. No experienced directors. 8 highly experienced directors. Non-Executive Non-Independent Director Ravi Chaudhary was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₹2,311, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 23x in the Electrical industry in India. Total returns to shareholders of 182% over the past three years. Upcoming Dividend • Sep 12
Upcoming dividend of ₹30.00 per share Eligible shareholders must have bought the stock before 19 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 29
First quarter 2023 earnings released: EPS: ₹57.78 (vs ₹24.20 in 1Q 2022) First quarter 2023 results: EPS: ₹57.78 (up from ₹24.20 in 1Q 2022). Revenue: ₹2.84b (down 1.3% from 1Q 2022). Net income: ₹163.3m (up 19% from 1Q 2022). Profit margin: 5.7% (up from 4.7% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 22
Full year 2022 earnings released: EPS: ₹98.34 (vs ₹46.09 in FY 2021) Full year 2022 results: EPS: ₹98.34 (up from ₹46.09 in FY 2021). Revenue: ₹12.7b (up 73% from FY 2021). Net income: ₹555.8m (up 113% from FY 2021). Profit margin: 4.4% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. Board Change • Apr 27
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. 2 experienced directors. 6 highly experienced directors. Non-Executive Non-Independent Director Ravi Chaudhary was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.