Announcement • Apr 09
Confidence Petroleum India Limited (BSE:526829) agreed to acquire remaining 50% stake in BW Confidence Enterprise Private Limited from BW LPG Infrastructure DMCC for INR 11.3 million. Confidence Petroleum India Limited (BSE:526829) agreed to acquire remaining 50% stake in BW Confidence Enterprise Private Limited from BW LPG Infrastructure DMCC for INR 11.3 million on April 8, 2026. A cash consideration of INR 11.34 million valued at INR 4.536 per share for 2.5 million shares of BW Confidence Enterprise Private Limited, will be paid by Confidence Petroleum India, and payment made through banking channels. Upon completion, Confidence Petroleum India will own 100% stake in BW Confidence Enterprise.
The time period for completion of acquisition is within 7 days. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹44.03, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 21x in the Machinery industry in India. Total loss to shareholders of 30% over the past three years. New Risk • Mar 12
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 5.4% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹35.45, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 24x in the Machinery industry in India. Total loss to shareholders of 41% over the past three years. Board Change • Mar 02
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Executive Director Prasad Manjarkhede was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 28
Confidence Petroleum India Limited Approves Board Appointments Confidence Petroleum India Limited at its EGM held on February 27, 2026, approved the appointment of Mrs. Nimisha Rohit Agrawal as an Non-Executive Independent Director, Mr. Prasad Manjarkhede as an Executive Director and Mrs. Ketki Mahendra Save as an Non-Executive Non Independent Director. New Risk • Feb 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.63 (vs ₹0.92 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.63 (down from ₹0.92 in 3Q 2025). Revenue: ₹14.0b (up 101% from 3Q 2025). Net income: ₹210.5m (down 31% from 3Q 2025). Profit margin: 1.5% (down from 4.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Announcement • Feb 11
Confidence Petroleum India Limited to Report Q3, 2026 Results on Feb 14, 2026 Confidence Petroleum India Limited announced that they will report Q3, 2026 results at 3:30 PM, Indian Standard Time on Feb 14, 2026 New Risk • Dec 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹0.62 (vs ₹0.64 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.62. Revenue: ₹9.93b (up 33% from 2Q 2025). Net income: ₹203.3m (up 15% from 2Q 2025). Profit margin: 2.0% (down from 2.4% in 2Q 2025). The decrease in margin was driven by higher expenses. Announcement • Nov 11
Confidence Petroleum India Limited to Report Q2, 2026 Results on Nov 14, 2025 Confidence Petroleum India Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Declared Dividend • Sep 10
Dividend of ₹0.10 announced Dividend of ₹0.10 is the same as last year. Ex-date: 23rd September 2025 Payment date: 30th October 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (4% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Sep 08
Confidence Petroleum India Limited, Annual General Meeting, Sep 30, 2025 Confidence Petroleum India Limited, Annual General Meeting, Sep 30, 2025, at 13:00 Indian Standard Time. New Risk • Aug 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.61 (vs ₹0.47 in 1Q 2025) First quarter 2026 results: EPS: ₹0.61 (up from ₹0.47 in 1Q 2025). Revenue: ₹11.2b (up 44% from 1Q 2025). Net income: ₹201.6m (up 34% from 1Q 2025). Profit margin: 1.8% (down from 1.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Announcement • Aug 12
Confidence Petroleum India Limited to Report Q1, 2026 Results on Aug 13, 2025 Confidence Petroleum India Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Aug 13, 2025 Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹2.62 (vs ₹3.50 in FY 2024) Full year 2025 results: EPS: ₹2.62 (down from ₹3.50 in FY 2024). Revenue: ₹31.9b (up 18% from FY 2024). Net income: ₹862.3m (down 15% from FY 2024). Profit margin: 2.7% (down from 3.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 26
Confidence Petroleum India Limited to Report Q4, 2025 Results on May 29, 2025 Confidence Petroleum India Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 29, 2025 New Risk • Feb 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin). Announcement • Feb 05
Confidence Petroleum India Limited to Report Q3, 2025 Results on Feb 08, 2025 Confidence Petroleum India Limited announced that they will report Q3, 2025 results at 3:30 PM, Indian Standard Time on Feb 08, 2025 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹76.24, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 38x in the Machinery industry in India. Total returns to shareholders of 5.0% over the past three years. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹0.64 (vs ₹1.13 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.64 (down from ₹1.13 in 2Q 2024). Revenue: ₹7.56b (up 18% from 2Q 2024). Net income: ₹177.4m (down 45% from 2Q 2024). Profit margin: 2.3% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Announcement • Nov 08
Confidence Petroleum India Limited to Report Q2, 2025 Results on Nov 12, 2024 Confidence Petroleum India Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Oct 03
Confidence Petroleum India Limited Approves Final Dividend for the Financial Year Ended on 31st March 2024 Confidence Petroleum India Limited at its AGM held on September 09, 2024 Declared a Final Dividend of INR 0.10/- (10%) per Equity Share for the Financial Year ended on 31st March 2024. Declared Dividend • Sep 11
Dividend of ₹0.10 announced Dividend of ₹0.10 is the same as last year. Ex-date: 23rd September 2024 Payment date: 30th October 2024 Dividend yield will be 0.1%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (3% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 10% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Sep 10
Confidence Petroleum India Limited, Annual General Meeting, Sep 30, 2024 Confidence Petroleum India Limited, Annual General Meeting, Sep 30, 2024, at 13:00 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹0.47 (vs ₹1.13 in 1Q 2024) First quarter 2025 results: EPS: ₹0.47 (down from ₹1.13 in 1Q 2024). Revenue: ₹7.83b (down 11% from 1Q 2024). Net income: ₹150.1m (down 53% from 1Q 2024). Profit margin: 1.9% (down from 3.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Announcement • Aug 05
Confidence Petroleum India Limited to Report Q1, 2025 Results on Aug 08, 2024 Confidence Petroleum India Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Announcement • Jul 04
Confidence Petroleum India Limited (BSE:526829) acquired 99.99% stake in Punjab Petroleum Corporation Ltd. for INR 43.9 million. Confidence Petroleum India Limited (BSE:526829) acquired 99.99% stake in Punjab Petroleum Corporation Ltd. for INR 43.9 million on July 1, 2024. As part of acquisition, 22,50,000 shares were acquired for INR 19.5 per share. For the period ending March 31, 2024, Punjab Petroleum Corporation Ltd. reported total revenue of INR 0.Confidence Petroleum India Limited (BSE:526829) completed the acquisition of 99.99% stake in Punjab Petroleum Corporation Ltd. on July 1, 2024. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹3.50 (vs ₹3.17 in FY 2023) Full year 2024 results: EPS: ₹3.50 (up from ₹3.17 in FY 2023). Revenue: ₹27.1b (up 23% from FY 2023). Net income: ₹1.01b (up 13% from FY 2023). Profit margin: 3.7% (down from 4.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹70.25, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 40x in the Machinery industry in India. Total returns to shareholders of 14% over the past three years. Board Change • Jun 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. 2 experienced directors. 4 highly experienced directors. Additional Non-Executive Non-Independent Director Simon Hill was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 26
Confidence Petroleum India Limited to Report Q4, 2024 Results on May 30, 2024 Confidence Petroleum India Limited announced that they will report Q4, 2024 results on May 30, 2024 New Risk • Apr 04
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 8.7% 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 High level of debt (41% net debt to equity). Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹100.00, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 36x in the Machinery industry in India. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹85.15, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹110, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 35x in the Machinery industry in India. Total returns to shareholders of 154% over the past three years. New Risk • Feb 20
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 8.0% 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 High level of debt (41% net debt to equity). Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹0.95 (vs ₹0.95 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.95 (in line with 3Q 2023). Revenue: ₹5.63b (down 22% from 3Q 2023). Net income: ₹270.8m (flat on 3Q 2023). Profit margin: 4.8% (up from 3.8% in 3Q 2023). The increase in margin was driven by lower expenses. 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 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 08
Confidence Petroleum India Limited to Report Q3, 2024 Results on Feb 14, 2024 Confidence Petroleum India Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹97.90, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 36x in the Machinery industry in India. Total returns to shareholders of 121% over the past three years. New Risk • Nov 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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: Minor Risks High level of debt (40% net debt to equity). Shareholders have been diluted in the past year (11% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹100.00, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 222% over the past three years. Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: ₹1.13 (vs ₹0.86 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.13 (up from ₹0.86 in 2Q 2023). Revenue: ₹6.43b (up 40% from 2Q 2023). Net income: ₹323.2m (up 34% from 2Q 2023). Profit margin: 5.0% (down from 5.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% 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 • Nov 05
Confidence Petroleum India Limited to Report Q2, 2024 Results on Nov 10, 2023 Confidence Petroleum India Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 15
Upcoming dividend of ₹0.10 per share at 0.1% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 3.2% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Announcement • Sep 09
Confidence Petroleum India Limited Recommends A Final Dividend for the Financial Year Ended on March 31, 2023 Confidence Petroleum India Limited announced that annual general meeting to be held on September 30, 2023, recommended to declare a Dividend of INR 0.10 per Equity Share of INR 1 (Rupees One only) each fully paid up of the Company, as recommended by the Board of Directors, be and is hereby declared for the financial year ended March 31, 2023 and the same be paid out of the profits of the Company. Announcement • Sep 06
Confidence Petroleum India Limited, Annual General Meeting, Sep 30, 2023 Confidence Petroleum India Limited, Annual General Meeting, Sep 30, 2023, at 13:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹85.90, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 30x in the Machinery industry in India. Total returns to shareholders of 326% over the past three years. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹1.13 (vs ₹0.50 in 1Q 2023) First quarter 2024 results: EPS: ₹1.13 (up from ₹0.50 in 1Q 2023). Revenue: ₹8.76b (up 147% from 1Q 2023). Net income: ₹320.2m (up 125% from 1Q 2023). Profit margin: 3.7% (down from 4.0% 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 34% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 08
Confidence Petroleum India Limited to Report Q1, 2024 Results on Aug 14, 2023 Confidence Petroleum India Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹78.45, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 28x in the Machinery industry in India. Total returns to shareholders of 296% over the past three years. Announcement • May 31
Confidence Petroleum India Limited Recommends a Final Dividend for the Financial Year 2022-23 Confidence Petroleum India Limited recommended a final dividend of 10% that is INR 0.10 per equity share on the Face value of INR 1 each for the financial year 2022-23 subject to approval of shareholders at the upcoming Annual General Meeting. Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹3.27 (vs ₹3.09 in FY 2022) Full year 2023 results: EPS: ₹3.27 (up from ₹3.09 in FY 2022). Revenue: ₹22.1b (up 55% from FY 2022). Net income: ₹898.8m (up 2.3% from FY 2022). Profit margin: 4.1% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 25
Confidence Petroleum India Limited to Report Q4, 2023 Results on May 29, 2023 Confidence Petroleum India Limited announced that they will report Q4, 2023 results on May 29, 2023 Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹68.45, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 304% over the past three years. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹0.95 (vs ₹0.81 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.95 (up from ₹0.81 in 3Q 2022). Revenue: ₹7.24b (up 84% from 3Q 2022). Net income: ₹270.6m (up 18% from 3Q 2022). Profit margin: 3.7% (down from 5.8% in 3Q 2022). The decrease in margin was driven by higher expenses. 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 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 28
Confidence Petroleum India Limited to Report Q3, 2023 Results on Feb 04, 2023 Confidence Petroleum India Limited announced that they will report Q3, 2023 results at 9:15 AM, Indian Standard Time on Feb 04, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released: EPS: ₹0.86 (vs ₹1.18 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.86 (down from ₹1.18 in 2Q 2022). Revenue: ₹4.62b (up 7.9% from 2Q 2022). Net income: ₹241.2m (down 28% from 2Q 2022). Profit margin: 5.2% (down from 7.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 15
Upcoming dividend of ₹0.10 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 3.3% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 23% share price gain to ₹78.25, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 26x in the Machinery industry in India. Total returns to shareholders of 226% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₹62.15, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 189% over the past three years. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹0.50 (vs ₹0.63 in 1Q 2022) First quarter 2023 results: EPS: ₹0.50 (down from ₹0.63 in 1Q 2022). Revenue: ₹3.56b (up 61% from 1Q 2022). Net income: ₹142.1m (down 20% from 1Q 2022). Profit margin: 4.0% (down from 8.0% in 1Q 2022). 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 but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 29
Full year 2022 earnings released: EPS: ₹3.16 (vs ₹1.73 in FY 2021) Full year 2022 results: EPS: ₹3.16 (up from ₹1.73 in FY 2021). Revenue: ₹14.3b (up 66% from FY 2021). Net income: ₹878.4m (up 79% from FY 2021). Profit margin: 6.1% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Feb 01
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: ₹0.81 (up from ₹0.73 in 3Q 2021). Revenue: ₹3.95b (up 53% from 3Q 2021). Net income: ₹230.3m (up 15% from 3Q 2021). Profit margin: 5.8% (down from 7.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.2%. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹82.65, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 23x in the Machinery industry in India. Total returns to shareholders of 152% over the past year. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹1.18 (vs ₹0.37 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹4.29b (up 147% from 2Q 2021). Net income: ₹334.4m (up 232% from 2Q 2021). Profit margin: 7.8% (up from 5.8% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 20% share price gain to ₹71.60, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 25x in the Machinery industry in India. Total returns to shareholders of 258% over the past year. Reported Earnings • Jul 28
First quarter 2022 earnings released: EPS ₹0.63 (vs ₹0.26 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹2.23b (up 140% from 1Q 2021). Net income: ₹178.1m (up ₹248.3m from 1Q 2021). Profit margin: 8.0% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue.