Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹7,138, the stock trades at a trailing P/E ratio of 52.2x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 113% over the past three years. Announcement • Mar 25
ESAB India Limited to Report Fiscal Year 2026 Results on May 27, 2026 ESAB India Limited announced that they will report fiscal year 2026 results on May 27, 2026 Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹27.94 (vs ₹26.24 in 3Q 2025) Third quarter 2026 results: EPS: ₹27.94 (up from ₹26.24 in 3Q 2025). Revenue: ₹3.80b (up 13% from 3Q 2025). Net income: ₹430.0m (up 6.5% from 3Q 2025). Profit margin: 11% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Announcement • Feb 11
ESAB India Limited Declares Second Interim Dividend for the Financial Year Ending 2025-26, Payable on or Before 06 March 2026 The Board of Directors of the ESAB India Limited at its meeting held on 10 February 2026 has declared Second Interim Dividend of INR 25 per equity share of INR 10 each (250%) for the financial year ending 2025-26 resulting in an outflow of INR 384,825,500/- (subject to deduction of tax at source where applicable). The said Second Interim Dividend declared by the Board of Directors would be paid to the equity shareholders on or before 06th March 2026. Record date on 14th February 2026. Announcement • Dec 29
ESAB India Limited to Report Q3, 2026 Results on Feb 10, 2026 ESAB India Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Declared Dividend • Nov 13
Dividend of ₹25.00 announced Shareholders will receive a dividend of ₹25.00. Ex-date: 14th November 2025 Payment date: 8th December 2025 Dividend yield will be 1.7%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 57% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 11
Second quarter 2026 earnings released: EPS: ₹51.46 (vs ₹28.04 in 2Q 2025) Second quarter 2026 results: EPS: ₹51.46 (up from ₹28.04 in 2Q 2025). Revenue: ₹3.84b (up 13% from 2Q 2025). Net income: ₹792.0m (up 84% from 2Q 2025). Profit margin: 21% (up from 13% 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 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 26
ESAB India Limited to Report Q2, 2026 Results on Nov 10, 2025 ESAB India Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Announcement • Aug 16
Esab India Limited Approves Final Dividend ESAB India Limited at its AGM held on 14 August 2025 approved to declare a final dividend of INR 42 per equity share of INR 10 each i.e., 420%. Upcoming Dividend • Jul 31
Upcoming dividend of ₹42.00 per share Eligible shareholders must have bought the stock before 07 August 2025. Payment date: 13 September 2025. Payout ratio and cash payout ratio are on the higher end at 79% and 80% respectively. Trailing yield: 1.7%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.8%). Reported Earnings • Jul 16
Full year 2025 earnings released: EPS: ₹114 (vs ₹106 in FY 2024) Full year 2025 results: EPS: ₹114 (up from ₹106 in FY 2024). Revenue: ₹13.7b (up 11% from FY 2024). Net income: ₹1.75b (up 7.6% from FY 2024). Profit margin: 13% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 18% per year. Announcement • Jun 27
ESAB India Limited to Report Q1, 2026 Results on Aug 11, 2025 ESAB India Limited announced that they will report Q1, 2026 results on Aug 11, 2025 Announcement • May 28
ESAB India Limited, Annual General Meeting, Aug 14, 2025 ESAB India Limited, Annual General Meeting, Aug 14, 2025, at 15:30 Indian Standard Time. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹114 (vs ₹106 in FY 2024) Full year 2025 results: EPS: ₹114 (up from ₹106 in FY 2024). Revenue: ₹13.8b (up 11% from FY 2024). Net income: ₹1.75b (up 7.6% from FY 2024). Profit margin: 13% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Mar 26
ESAB India Limited to Report Fiscal Year 2025 Results on May 27, 2025 ESAB India Limited announced that they will report fiscal year 2025 results on May 27, 2025 Upcoming Dividend • Feb 13
Upcoming dividend of ₹23.00 per share Eligible shareholders must have bought the stock before 20 February 2025. Payment date: 07 March 2025. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.9%). Announcement • Feb 11
ESAB India Limited Declares Second Interim Dividend for the Financial Year Ending 31St March 2025, Payable on or Before 7 March 2025 The Board of Directors of ESAB India Limited at its meeting held on 10 February 2025 has declared Second Interim Dividend of INR 23 per equity share of INR 10/- each (230%) for the financial year ending 31st March 2025 resulting in an outflow of INR 354,039,460/- (subject to deduction of tax at source where applicable). The said Second Interim Dividend declared by the Board of Directors would be paid to the equity shareholders on or before 7th March 2025. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹26.24 (vs ₹24.65 in 3Q 2024) Third quarter 2025 results: EPS: ₹26.24 (up from ₹24.65 in 3Q 2024). Revenue: ₹3.37b (up 12% from 3Q 2024). Net income: ₹403.8m (up 6.4% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Jan 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non - Executive Director Cauvery Dharmaraj was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 29
ESAB India Limited Announces Tenure Completion of K Vaidyanathan and Vikram Tandon, Independent Directors ESAB India Limited at its board of directors meeting held on January 27, 2025, Board noted that Mr. K Vaidyanathan and Mr. Vikram Tandon, Independent Directors of the Company will be completing their term as an Independent Directors by 29 January 2025 and consequently will cease to be Directors of the Company with effect from 30 January 2025. Announcement • Dec 30
ESAB India Limited to Report Q3, 2025 Results on Feb 10, 2025 ESAB India Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Declared Dividend • Nov 11
Dividend of ₹25.00 announced Shareholders will receive a dividend of ₹25.00. Ex-date: 20th November 2024 Payment date: 5th December 2024 Dividend yield will be 1.3%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 56% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹28.04 (vs ₹24.95 in 2Q 2024) Second quarter 2025 results: EPS: ₹28.04 (up from ₹24.95 in 2Q 2024). Revenue: ₹3.40b (up 12% from 2Q 2024). Net income: ₹431.6m (up 12% from 2Q 2024). Profit margin: 13% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 32% per year. Announcement • Sep 26
ESAB India Limited to Report Q2, 2025 Results on Nov 08, 2024 ESAB India Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Announcement • Aug 09
ESAB India Limited Approves Final Dividend ESAB India Limited at the Annual General Meeting held on 8 August 2024 approved to declare final dividend of INR 30 per equity share of INR 10 each, 300%. Upcoming Dividend • Jul 25
Upcoming dividend of ₹30.00 per share Eligible shareholders must have bought the stock before 01 August 2024. Payment date: 07 September 2024. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 1.3%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.7%). Reported Earnings • Jul 13
Full year 2024 earnings released: EPS: ₹106 (vs ₹88.14 in FY 2023) Full year 2024 results: EPS: ₹106 (up from ₹88.14 in FY 2023). Revenue: ₹12.4b (up 14% from FY 2023). Net income: ₹1.63b (up 20% from FY 2023). Profit margin: 13% (in line with FY 2023). 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 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 28
ESAB India Limited to Report Q1, 2025 Results on Aug 07, 2024 ESAB India Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Declared Dividend • May 27
Dividend increased to ₹30.00 Dividend of ₹30.00 is 50% higher than last year. Ex-date: 1st August 2024 Payment date: 7th September 2024 Dividend yield will be 1.5%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (124% cash payout ratio). The dividend has increased by an average of 54% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 25
ESAB India Limited, Annual General Meeting, Aug 08, 2024 ESAB India Limited, Annual General Meeting, Aug 08, 2024, at 15:30 Indian Standard Time. Announcement • May 24
ESAB India Limited Recommends Final Dividend for the Year Ended March 31, 2024 ESAB India Limited at its board meeting held on May 23, 2024, recommended a final dividend of INR 30 per equity share of INR 10 each (300%) for the year ended March 31, 2024 resulting in an outflow of INR 461,790,600 (including tax deducted at source thereon) The dividend if approved by shareholder at the up coming Annual General Meeting (AGM) will be paid within 30 days from the date of the AGM. The Board of Directors approved the book closure dates from August 2, 2024 to August 8, 2024 (both days inclusive) for the purpose of declaration of final dividend for the year 2023-2024. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹5,965, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 39x in the Machinery industry in India. Total returns to shareholders of 239% over the past three years. Announcement • Mar 29
ESAB India Limited to Report Fiscal Year 2024 Results on May 23, 2024 ESAB India Limited announced that they will report fiscal year 2024 results on May 23, 2024 Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹24.65 (vs ₹23.59 in 3Q 2023) Third quarter 2024 results: EPS: ₹24.65 (up from ₹23.59 in 3Q 2023). Revenue: ₹3.02b (up 13% from 3Q 2023). Net income: ₹379.5m (up 4.5% from 3Q 2023). Profit margin: 13% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 28
ESAB India Limited to Report Q3, 2024 Results on Feb 08, 2024 ESAB India Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Upcoming Dividend • Nov 17
Upcoming dividend of ₹32.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 24 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.7%). Announcement • Nov 15
ESAB India Limited Declares Interim Dividend for 2023-24, Payable on December 8, 2023 The Board of Directors of ESAB India Limited in their meeting held on 10 November 2023 have declared Interim Dividend of INR 32 per equity share i.e. 320%, having face value of INR 10 each for the financial year ending 31 March 2024. Record Date for the said Interim Dividend 2023-24 and fixed on 25th November 2023. Payment Date: 8 December, 2023. Announcement • Sep 30
ESAB India Limited to Report Q2, 2024 Results on Nov 10, 2023 ESAB India Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Announcement • Aug 12
ESAB India Limited Approves Final Dividend ESAB India Limited at its AGM held on August 11, 2023 approved Declaration of Final Dividend of INR 20 each per equity share. Upcoming Dividend • Jul 27
Upcoming dividend of ₹20.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 09 September 2023. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 1.6%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.8%). Reported Earnings • Jul 19
Full year 2023 earnings released: EPS: ₹88.14 (vs ₹54.77 in FY 2022) Full year 2023 results: EPS: ₹88.14 (up from ₹54.77 in FY 2022). Revenue: ₹10.9b (up 22% from FY 2022). Net income: ₹1.36b (up 61% from FY 2022). Profit margin: 12% (up from 9.4% 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 26% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 01
ESAB India Limited to Report Q1, 2024 Results on Aug 11, 2023 ESAB India Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Board Change • Jun 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non Executive Independent Director Kalyanasundaram Vaidyanathan was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 22
ESAB India Limited Appoints B Mohan as an Additional Director ESAB India Limited announced that the Board of Directors at their meeting held on 20th June 2023 has appointed Mr. B Mohan, Chief Financial Officer, as an Additional Director of the Company. Mr. B Mohan, Chief Financial Officer shall hold the office of Director as an additional responsibility and his remuneration be paid only in the capacity as Chief Financial Officer as recommended by Nomination and Remuneration Committee and approved by the Board of Directors from time to time. Mr. B Mohan graduated in the year 1985 and completed Chartered Accountancy in 1986. He is also a qualified Company Secretary. He started his career with AF.Ferguson and Associates, Mumbai handling statutory audits in leading Companies including Tata Steel, Hindustan Unilever, and a few businesses of General Electric. He moved to Wipro, Bangalore and served divisional finance head across various IT businesses of Wipro. Announcement • Jun 03
Esab India Limited Announces Resignation of Sudhir Chand, Independent Director ESAB India Limited announced that Mr. Sudhir Chand, Independent Director (DIN: 01385201) has resigned from the office of Independent Director of the Company due to his health conditions and other personal reasons with effect from 01st June 2023. Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹88.14 (vs ₹54.77 in FY 2022) Full year 2023 results: EPS: ₹88.14 (up from ₹54.77 in FY 2022). Revenue: ₹11.0b (up 23% from FY 2022). Net income: ₹1.36b (up 61% from FY 2022). Profit margin: 12% (up from 9.4% 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 26% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹23.59 (vs ₹12.32 in 3Q 2022) Third quarter 2023 results: EPS: ₹23.59 (up from ₹12.32 in 3Q 2022). Revenue: ₹2.71b (up 20% from 3Q 2022). Net income: ₹363.1m (up 91% from 3Q 2022). Profit margin: 13% (up from 8.4% 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 19% 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 11
ESAB India Limited Declares Second Interim Dividend for the Financial Year Ending 31 March 2023, Payable on or Before 10Th March 2023 The Board of Directors of ESAB India Limited at its meeting held on 10 February 2023 has declared Second Interim Dividend of INR 28 per equity share of INR 10 each (280%) for the financial year ending 31 March 2023 resulting in an outflow of INR 43,10,04,560 (subject to deduction of tax at source where applicable). The said Second Interim Dividend declared by the Board of Directors would be paid to the equity shareholders on or before 10th March 2023. Announcement • Jan 02
ESAB India Limited Announces Demise of Sabitha Rao, Independent Director ESAB India Limited Ms. Sabitha Rao, Independent Director passed away on the December 31, 2022. Announcement • Dec 31
ESAB India Limited to Report Q3, 2023 Results on Feb 10, 2023 ESAB India Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹20.73 (vs ₹15.37 in 2Q 2022) Second quarter 2023 results: EPS: ₹20.73 (up from ₹15.37 in 2Q 2022). Revenue: ₹2.78b (up 26% from 2Q 2022). Net income: ₹319.1m (up 35% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹20.73 (vs ₹15.37 in 2Q 2022) Second quarter 2023 results: EPS: ₹20.73 (up from ₹15.37 in 2Q 2022). Revenue: ₹2.78b (up 26% from 2Q 2022). Net income: ₹319.1m (up 35% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₹3,668, the stock trades at a trailing P/E ratio of 62.6x. Average trailing P/E is 26x in the Machinery industry in India. Total returns to shareholders of 230% over the past three years. Upcoming Dividend • Jul 27
Upcoming dividend of ₹20.00 per share Eligible shareholders must have bought the stock before 03 August 2022. Payment date: 10 September 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.8%). Reported Earnings • Jul 14
Full year 2022 earnings released: EPS: ₹54.77 (vs ₹38.52 in FY 2021) Full year 2022 results: EPS: ₹54.77 (up from ₹38.52 in FY 2021). Revenue: ₹8.93b (up 30% from FY 2021). Net income: ₹843.1m (up 42% from FY 2021). Profit margin: 9.4% (up from 8.6% 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 10% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹54.77 (vs ₹38.52 in FY 2021) Full year 2022 results: EPS: ₹54.77 (up from ₹38.52 in FY 2021). Revenue: ₹9.01b (up 31% from FY 2021). Net income: ₹843.1m (up 42% from FY 2021). Profit margin: 9.4% (up from 8.6% 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 10% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₹3,549, the stock trades at a trailing P/E ratio of 68x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 272% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 21% share price gain to ₹3,381, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 311% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹12.32 (up from ₹9.56 in 3Q 2021). Revenue: ₹2.26b (up 23% from 3Q 2021). Net income: ₹189.7m (up 29% from 3Q 2021). Profit margin: 8.4% (up from 8.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS ₹15.37 (vs ₹11.49 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹2.24b (up 35% from 2Q 2021). Net income: ₹236.6m (up 34% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 16% share price gain to ₹2,218, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 22x in the Machinery industry in India. Total returns to shareholders of 191% over the past three years. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS ₹13.22 (vs ₹4.66 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹1.83b (up 47% from 1Q 2021). Net income: ₹203.5m (up 184% from 1Q 2021). Profit margin: 11% (up from 5.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 28
Upcoming dividend of ₹25.00 per share Eligible shareholders must have bought the stock before 04 August 2021. Payment date: 11 September 2021. Trailing yield: 2.7%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.7%). Reported Earnings • May 23
Full year 2021 earnings released: EPS ₹38.52 (vs ₹46.39 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹6.92b (down 1.3% from FY 2020). Net income: ₹592.9m (down 17% from FY 2020). Profit margin: 8.6% (down from 10% in FY 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹9.56 (vs ₹11.54 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹1.84b (up 8.7% from 3Q 2020). Net income: ₹147.1m (down 17% from 3Q 2020). Profit margin: 8.0% (down from 11% in 3Q 2020). 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 32% per year, which means it is tracking significantly ahead of earnings growth.