Reported Earnings • May 12
Full year 2026 earnings released: EPS: ₹4.43 (vs ₹12.52 in FY 2025) Full year 2026 results: EPS: ₹4.43 (down from ₹12.52 in FY 2025). Revenue: ₹4.42b (flat on FY 2025). Net income: ₹94.7m (down 65% from FY 2025). Profit margin: 2.1% (down from 6.0% in FY 2025). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 11
Gillanders Arbuthnot and Company Limited, Annual General Meeting, Jul 03, 2026 Gillanders Arbuthnot and Company Limited, Annual General Meeting, Jul 03, 2026. Valuation Update With 7 Day Price Move • May 06
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 15.1x. Average trailing P/E is 25x in the Industrials industry in India. Total returns to shareholders of 55% over the past three years. Announcement • May 02
Gillanders Arbuthnot and Company Limited to Report Q4, 2026 Results on May 11, 2026 Gillanders Arbuthnot and Company Limited announced that they will report Q4, 2026 results on May 11, 2026 Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹2.13 (vs ₹6.11 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.13 (down from ₹6.11 in 3Q 2025). Revenue: ₹1.10b (down 14% from 3Q 2025). Net income: ₹45.4m (down 65% from 3Q 2025). Profit margin: 4.1% (down from 10% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jan 30
Gillanders Arbuthnot and Company Limited to Report Q3, 2026 Results on Feb 06, 2026 Gillanders Arbuthnot and Company Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 06, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹6.68 (vs ₹10.06 in 2Q 2025) Second quarter 2026 results: EPS: ₹6.68 (down from ₹10.06 in 2Q 2025). Revenue: ₹1.35b (up 6.4% from 2Q 2025). Net income: ₹142.6m (down 34% from 2Q 2025). Profit margin: 11% (down from 17% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 08
Gillanders Arbuthnot and Company Limited to Report Q2, 2026 Results on Nov 13, 2025 Gillanders Arbuthnot and Company Limited announced that they will report Q2, 2026 results on Nov 13, 2025 New Risk • Oct 10
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 6.7% 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: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹2.67b market cap, or US$30.1m). New Risk • Aug 08
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 7.0% 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: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹2.56b market cap, or US$29.3m). Reported Earnings • Aug 08
First quarter 2026 earnings released: ₹2.56 loss per share (vs ₹4.60 loss in 1Q 2025) First quarter 2026 results: ₹2.56 loss per share (improved from ₹4.60 loss in 1Q 2025). Revenue: ₹888.6m (up 4.7% from 1Q 2025). Net loss: ₹54.6m (loss narrowed 45% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹146, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 15x in the Industrials industry in India. Total returns to shareholders of 137% over the past three years. Announcement • Jul 28
Gillanders Arbuthnot and Company Limited to Report Q1, 2026 Results on Aug 07, 2025 Gillanders Arbuthnot and Company Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • Jun 08
Full year 2025 earnings released: EPS: ₹12.52 (vs ₹22.78 loss in FY 2024) Full year 2025 results: EPS: ₹12.52 (up from ₹22.78 loss in FY 2024). Revenue: ₹4.43b (up 22% from FY 2024). Net income: ₹267.2m (up ₹753.4m from FY 2024). Profit margin: 6.0% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. New Risk • May 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x 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 (1.2x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹2.35b market cap, or US$27.4m). Announcement • May 09
Gillanders Arbuthnot and Company Limited, Annual General Meeting, Jun 27, 2025 Gillanders Arbuthnot and Company Limited, Annual General Meeting, Jun 27, 2025. Announcement • Apr 28
Gillanders Arbuthnot and Company Limited to Report Q4, 2025 Results on May 09, 2025 Gillanders Arbuthnot and Company Limited announced that they will report Q4, 2025 results on May 09, 2025 New Risk • Feb 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x 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 (2.5x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹2.45b market cap, or US$28.0m). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹6.11 (vs ₹10.47 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹6.11 (up from ₹10.47 loss in 3Q 2024). Revenue: ₹1.29b (up 27% from 3Q 2024). Net income: ₹130.3m (up ₹353.8m from 3Q 2024). Profit margin: 10% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jan 27
Now 21% undervalued Over the last 90 days, the stock has risen 37% to ₹112. The fair value is estimated to be ₹143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 93%. Announcement • Jan 24
Gillanders Arbuthnot and Company Limited to Report Q3, 2025 Results on Feb 07, 2025 Gillanders Arbuthnot and Company Limited announced that they will report Q3, 2025 results at 9:15 AM, Indian Standard Time on Feb 07, 2025 Buy Or Sell Opportunity • Jan 10
Now 21% undervalued Over the last 90 days, the stock has risen 25% to ₹115. The fair value is estimated to be ₹145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 93%. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹10.06 (vs ₹1.71 in 2Q 2024) Second quarter 2025 results: EPS: ₹10.06 (up from ₹1.71 in 2Q 2024). Revenue: ₹1.30b (up 24% from 2Q 2024). Net income: ₹214.7m (up 490% from 2Q 2024). Profit margin: 17% (up from 3.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Announcement • Oct 31
Gillanders Arbuthnot and Company Limited to Report First Half, 2025 Results on Nov 13, 2024 Gillanders Arbuthnot and Company Limited announced that they will report first half, 2025 results on Nov 13, 2024 Reported Earnings • Aug 03
First quarter 2025 earnings released: ₹4.60 loss per share (vs ₹2.46 loss in 1Q 2024) First quarter 2025 results: ₹4.60 loss per share (further deteriorated from ₹2.46 loss in 1Q 2024). Revenue: ₹866.0m (down 1.2% from 1Q 2024). Net loss: ₹98.2m (loss widened 87% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Aug 02
Gillanders Arbuthnot and Company Limited Announces Cessation of Naresh Pachisia as Independent Director, Effective August 8, 2024 Gillanders Arbuthnot and Company Limited announced the cessation of Mr. Naresh Pachisia as Independent Director with effect from August 8, 2024 due to completion of tenure as an Independent Director for 2 consecutive terms of 5 years each. Announcement • Jul 24
Gillanders Arbuthnot and Company Limited to Report Q1, 2025 Results on Aug 02, 2024 Gillanders Arbuthnot and Company Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Announcement • Jun 08
Gillanders Arbuthnot and Company Limited Appoints Chandra Kishore Porwal as President - GIS Cotton Mill, Effective June 11, 2024 Gillanders Arbuthnot and Company Limited announced that, Mr. Chandra Kishore Porwal, has been appointed as President - GIS Cotton Mill, in the category of Senior Management Personnel, with effect from 11th June, 2024. Mr. Porwal, aged around 70 years is B. Text and P.G.D.B.M, and has over 43 years of experience in various Textile manufacturing Industries i.e. Spinning, Weaving and Processing as Unit Head. Previously, he was working in Purohit Group of Companies as President - Textile Division. He has expertise in marketing, administration and managing the affairs of the unit. Announcement • May 31
Gillanders Arbuthnot and Company Limited Announces Resignation of Bhisham Chander Kaushik as President of GIS Cotton Mill, Effective June 30, 2024 Gillanders Arbuthnot and Company Limited announced that Mr. Bhisham Chander Kaushik, President of GIS Cotton Mill, has resigned from the services of the Company, due to some unavoidable circumstances, effective from the close of business hours on June 30, 2024 and shall cease to be a Senior Management Personnel of the Company. Announcement • May 16
Gillanders Arbuthnot and Company Limited, Annual General Meeting, Jun 28, 2024 Gillanders Arbuthnot and Company Limited, Annual General Meeting, Jun 28, 2024. Reported Earnings • May 15
Full year 2024 earnings released: ₹22.78 loss per share (vs ₹6.95 profit in FY 2023) Full year 2024 results: ₹22.78 loss per share (down from ₹6.95 profit in FY 2023). Revenue: ₹3.77b (down 16% from FY 2023). Net loss: ₹486.2m (down 428% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • May 07
Gillanders Arbuthnot and Company Limited to Report Fiscal Year 2024 Results on May 13, 2024 Gillanders Arbuthnot and Company Limited announced that they will report fiscal year 2024 results on May 13, 2024 Buy Or Sell Opportunity • Mar 04
Now 21% overvalued Over the last 90 days, the stock has fallen 9.8% to ₹100.00. The fair value is estimated to be ₹82.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 13
Third quarter 2024 earnings released: ₹10.47 loss per share (vs ₹0.35 profit in 3Q 2023) Third quarter 2024 results: ₹10.47 loss per share (down from ₹0.35 profit in 3Q 2023). Revenue: ₹1.10b (up 6.2% from 3Q 2023). Net loss: ₹223.5m (down ₹230.9m from profit in 3Q 2023). 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 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
Gillanders Arbuthnot and Company Limited Announces Management Change The board of directors of Gillanders Arbuthnot and Company Limited announced at tis meeting held on February 12, 2024, approved to release Mr. Manoj Sodhani {DIN: 02267180) as Executive Director of the company from close of business hours on 31st March, 2024 after expiry of his tenure of 3 (three) years on 31st March, 2024; retirement of Mr. Bithal Kumar Kothari, Senior Vice President of the Company (categorized as Senior Management Personnel) from close of business hours as on 31st March, 2024, in accordance with the Company's policy; and categorize Mr. Somnath Mukherjee, General Manager of the Company, as Senior Management Personnel with effect from 1st April, 2024. Mr. Somnath Mukherjee has been associated with Kothari Group since 35 years. He is working with the Company since last 10 years. He has vast experience in liasioning with various government departments. Presently he is designated as General Manager and looking after the Property Division of the Company as a Divisional Head of the aforesaid Division and hence being categorized as Senior Management Personnel. Announcement • Feb 01
Gillanders Arbuthnot and Company Limited to Report Q3, 2024 Results on Feb 12, 2024 Gillanders Arbuthnot and Company Limited announced that they will report Q3, 2024 results on Feb 12, 2024 New Risk • Nov 17
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 7.4% 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: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (₹2.27b market cap, or US$27.3m). Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: ₹1.71 (vs ₹8.47 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.71 (down from ₹8.47 in 2Q 2023). Revenue: ₹1.05b (down 27% from 2Q 2023). Net income: ₹36.4m (down 80% from 2Q 2023). Profit margin: 3.5% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹101, the stock trades at a trailing P/E ratio of 77.4x. Average trailing P/E is 24x in the Industrials industry in India. Total returns to shareholders of 240% over the past three years. Announcement • Oct 28
Gillanders Arbuthnot and Company Limited to Report Q2, 2024 Results on Nov 10, 2023 Gillanders Arbuthnot and Company Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹99.80, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 25x in the Industrials industry in India. Total returns to shareholders of 266% over the past three years. New Risk • Aug 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.7% Last year net profit margin: 5.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (₹1.54b market cap, or US$18.7m). Reported Earnings • Aug 06
First quarter 2024 earnings released: ₹2.46 loss per share (vs ₹3.19 profit in 1Q 2023) First quarter 2024 results: ₹2.46 loss per share (down from ₹3.19 profit in 1Q 2023). Revenue: ₹922.7m (down 26% from 1Q 2023). Net loss: ₹52.6m (down 177% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 04
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹93.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.1% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jul 22
Gillanders Arbuthnot and Company Limited to Report Q1, 2024 Results on Aug 05, 2023 Gillanders Arbuthnot and Company Limited announced that they will report Q1, 2024 results at 12:15 PM, Indian Standard Time on Aug 05, 2023 New Risk • Jun 11
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x 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 (1.1x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹1.43b market cap, or US$17.4m). Announcement • May 13
Gillanders Arbuthnot and Company Limited, Annual General Meeting, Jun 23, 2023 Gillanders Arbuthnot and Company Limited, Annual General Meeting, Jun 23, 2023. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹74.05, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 10x in the Industrials industry in India. Total returns to shareholders of 237% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.35 (vs ₹3.53 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.35 (down from ₹3.53 in 3Q 2022). Revenue: ₹1.03b (down 9.3% from 3Q 2022). Net income: ₹7.37m (down 90% from 3Q 2022). Profit margin: 0.7% (down from 6.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Jan 25
Gillanders Arbuthnot and Company Limited to Report Q3, 2023 Results on Feb 10, 2023 Gillanders Arbuthnot and Company Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released: EPS: ₹8.47 (vs ₹6.65 in 2Q 2022) Second quarter 2023 results: EPS: ₹8.47 (up from ₹6.65 in 2Q 2022). Revenue: ₹1.44b (up 11% from 2Q 2022). Net income: ₹180.9m (up 27% from 2Q 2022). Profit margin: 13% (up from 11% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 3 highly experienced directors. Independent Director Charudatta Prayag was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹3.19 (vs ₹0.02 loss in 1Q 2022) First quarter 2023 results: EPS: ₹3.19 (up from ₹0.02 loss in 1Q 2022). Revenue: ₹1.27b (up 79% from 1Q 2022). Net income: ₹68.1m (up ₹68.5m from 1Q 2022). Profit margin: 5.4% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 07
Full year 2022 earnings released: EPS: ₹7.66 (vs ₹7.32 loss in FY 2021) Full year 2022 results: EPS: ₹7.66 (up from ₹7.32 loss in FY 2021). Revenue: ₹4.06b (down 5.7% from FY 2021). Net income: ₹163.4m (up ₹319.7m from FY 2021). Profit margin: 4.0% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Jun 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. 3 highly experienced directors. Additional Non-Executive Independent Director Charudatta Prayag was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 15
Full year 2022 earnings released: EPS: ₹7.66 (vs ₹7.32 loss in FY 2021) Full year 2022 results: EPS: ₹7.66 (up from ₹7.32 loss in FY 2021). Revenue: ₹4.24b (down 1.6% from FY 2021). Net income: ₹163.4m (up ₹319.7m from FY 2021). Profit margin: 3.9% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 23% share price gain to ₹78.70, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 12x in the Industrials industry in India. Total returns to shareholders of 63% 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 15% share price gain to ₹68.15, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 12x in the Industrials industry in India. Total returns to shareholders of 39% over the past three years. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹3.53 (up from ₹13.72 loss in 3Q 2021). Revenue: ₹1.19b (up 18% from 3Q 2021). Net income: ₹75.4m (up ₹368.2m from 3Q 2021). Profit margin: 6.3% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 18
Second quarter 2022 earnings released: EPS ₹6.65 (vs ₹12.15 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.33b (down 7.9% from 2Q 2021). Net income: ₹142.0m (down 45% from 2Q 2021). Profit margin: 11% (down from 18% in 2Q 2021). Recent Insider Transactions • Aug 27
Insider recently bought ₹311k worth of stock On the 23rd of August, Anand Kothari bought around 6k shares on-market at roughly ₹51.84 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹857k more in shares than they have sold in the last 12 months. Reported Earnings • Jun 30
Full year 2021 earnings released: ₹7.32 loss per share (vs ₹7.13 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹4.40b (down 33% from FY 2020). Net loss: ₹156.3m (loss widened 2.7% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 09
New 90-day high: ₹38.00 The company is up 29% from its price of ₹29.40 on 10 September 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 21% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: ₹34.30 The company is up 18% from its price of ₹29.00 on 18 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 5.0% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹12.15 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹1.49b (down 22% from 2Q 2020). Net income: ₹259.3m (up 209% from 2Q 2020). Profit margin: 17% (up from 4.4% in 2Q 2020). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Oct 27
New 90-day high: ₹31.65 The company is up 11% from its price of ₹28.45 on 29 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₹26.20 The company is down 18% from its price of ₹31.90 on 26 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 4.0% over the same period.