Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹76.03, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 25x in the Trade Distributors industry in India. Total returns to shareholders of 129% over the past three years. New Risk • Jun 16
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: Major Risk High level of non-cash earnings (274% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (215% net profit margin). Announcement • Jun 10
MMTC Limited Announces Term End of Directors on June 9, 2026 MMTC Limited announced that Shri Srinivas Rao Maddi as Non-Executive Independent Director and Ms. Anoopa S. Nair as Director (Finance), end their term on June 9, 2026 from the Board of the company. Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: ₹2.58 (vs ₹0.58 in FY 2025) Full year 2026 results: EPS: ₹2.58 (up from ₹0.58 in FY 2025). Revenue: ₹1.81b (up ₹1.78b from FY 2025). Net income: ₹3.87b (up 347% from FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Announcement • May 15
MMTC Limited to Report Q4, 2026 Results on May 28, 2026 MMTC Limited announced that they will report Q4, 2026 results on May 28, 2026 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹68.32, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 22x in the Trade Distributors industry in India. Total returns to shareholders of 136% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.31 (vs ₹0.02 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.31 (up from ₹0.02 in 3Q 2025). Net income: ₹462.7m (up ₹426.1m from 3Q 2025). 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 • Feb 03
MMTC Limited to Report Q3, 2026 Results on Feb 12, 2026 MMTC Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Jan 15
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 6.8% 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 Risks High level of non-cash earnings (153% accrual ratio). Revenue is less than US$1m (₹29m revenue, or US$325k). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹64.24, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 26x in the Trade Distributors industry in India. Total returns to shareholders of 70% over the past three years. New Risk • Nov 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 153% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (153% accrual ratio). Revenue is less than US$1m. Minor Risk Profit margins are more than 30% lower than last year (-313% net profit margin). Announcement • Nov 04
MMTC Limited to Report Q2, 2026 Results on Nov 13, 2025 MMTC Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Sep 26
MMTC Limited Announces Board Changes MMTC Limited, at the AGM held on 26 September, 2025 decided not to fill the vacancy caused due to retirement by rotation Smt. Arti Bhatnagar and approved the appointment of Smt. Aishvarya Singh as Non-Executive Director, Government Nominee Director on the Board of the Company. Announcement • Sep 01
MMTC Limited, Annual General Meeting, Sep 26, 2025 MMTC Limited, Annual General Meeting, Sep 26, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹0.30 (vs ₹0.22 in 1Q 2025) First quarter 2026 results: EPS: ₹0.30 (up from ₹0.22 in 1Q 2025). Net income: ₹442.6m (up 35% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Jul 30
MMTC Limited to Report Q1, 2026 Results on Aug 07, 2025 MMTC Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹0.58 (vs ₹1.28 in FY 2024) Full year 2025 results: EPS: ₹0.58 (down from ₹1.28 in FY 2024). Revenue: ₹2.63b (up ₹2.57b from FY 2024). Net income: ₹866.3m (down 55% from FY 2024). Profit margin: 33% (down from 3,599% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 34% 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 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 8.9% 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: Major Risk Revenue is less than US$1m (₹31m revenue, or US$363k). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹61.77, the stock trades at a trailing P/E ratio of 60.1x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total returns to shareholders of 47% over the past three years. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.37 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.02 (down from ₹0.37 in 3Q 2024). Net income: ₹36.6m (down 93% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: ₹0.32 (vs ₹0.35 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.32 (down from ₹0.35 in 2Q 2024). Net income: ₹480.5m (down 7.7% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Oct 18
Mmtc Limited Appoints Aishvarya Singh as an Additional Director MMTC Limited has approved the appointment of Ms Aishvarya Singh IAS (SK:2008), Joint Secretary, Department of commerce, Ministry of Commerce and Industry, as an Additional Director (Govt. Nominee Director) having DIN No. 10808785 on the Board of MMTC Limited with effect from 18th October 2024. Ms Aishvarya Singh aged 45 years approx. and is a civil servant of the Indian Administrative Service of 2008 Batch. She is presently working as joint secretary, Department of commerce, Ministry of Commerce and Industry. She has the B. Sc Mathematics with Gold Medal and post graduate degree in Anthropology with gold medal. With about 16 years of experience in personnel and General Administration, Land revenue management and District Admn as an IAS in various capacity. She also won Prime Ministers Award for Excellence in public Administration for best performance in the implementation of Swachh Bharat Mission (Gramin) in the NSE & Hill States category to west Sikkim district. Announcement • Sep 10
MMTC Limited Announces Board Changes MMTC Limited announced that Siddarth Mahajan, JS, Department of Commerce who had been appointed as Government Nominee Director (DIN Number 03349759) on the Board Of company effective from 1st May 2024, ceased to hold his office from 30th August, 2024 vide order copy Office order no. 11/36/2001-FT(M&O)-vol-1. The Ms Aishvarya Singh, IAS (SK:2008) pursuant to Office order no. 11/36/2001-FT(M&O)-vol-1 dated 30th August,2024 of Department of Commerce, Ministry of Commerce & industry, Government of India, was appointed as Additional Nominee Director of MMTC LIMITED until further order. Announcement • Aug 28
MMTC Limited, Annual General Meeting, Sep 27, 2024 MMTC Limited, Annual General Meeting, Sep 27, 2024, at 11:30 Indian Standard Time. New Risk • Aug 10
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: -212% Last year net profit margin: 76% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m. Minor Risk Profit margins are more than 30% lower than last year (-212% net profit margin). Announcement • Jul 29
MMTC Limited to Report Q1, 2025 Results on Aug 09, 2024 MMTC Limited announced that they will report Q1, 2025 results on Aug 09, 2024 New Risk • Jul 24
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 8.8% 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 Risks High level of non-cash earnings (141% accrual ratio). Revenue is less than US$1m (₹53m revenue, or US$638k). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Announcement • Jun 19
MMTC Limited Announces Tenure Expiration of Rajiv Ranjan Sinha as Director (Personnel) MMTC Limited announced that the Shri Rajiv Ranjan Sinha pursuant to Office order dated June 19, 2019 of Department of Commerce, Ministry of Commerce & industry, Government of India, was appointed as Director (Personnel) of MMTC LIMITED for a period of 5 year or until further order, whichever is earlier. His tenure has expired on June 18, 2024. His extension from department of commerce is awaited. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹77.97, the stock trades at a trailing P/E ratio of 60.7x. Average trailing P/E is 36x in the Trade Distributors industry in India. Total returns to shareholders of 33% over the past three years. New Risk • Jun 08
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹53m (US$639k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (141% accrual ratio). Revenue is less than US$1m (₹53m revenue, or US$639k). Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹1.28 (vs ₹10.42 in FY 2023) Full year 2024 results: EPS: ₹1.28 (down from ₹10.42 in FY 2023). Revenue: ₹2.04b (down 94% from FY 2023). Net income: ₹1.92b (down 88% from FY 2023). Profit margin: 94% (up from 44% in FY 2023). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 19
MMTC Limited to Report Q4, 2024 Results on May 28, 2024 MMTC Limited announced that they will report Q4, 2024 results on May 28, 2024 Announcement • May 03
MMTC Limited Appoints Siddarth Mahajan, JS as Government Nominee Director MMTC Limited announced that Shri Siddarth Mahajan, JS, Department of Commerce has been appointed as Government Nominee Director on the Board Of MMTC Limited wef 1st May 2024, date of his consent to become a director in the prescribed form. He has been appointed as per office order No 11/36/2001- FT (M & O) dtd 22-04-2024 by the Department of Commerce. This is being informed once the Board Of directors approved his appointment on 01-05-2024 evening. Announcement • Apr 23
MMTC Limited Announces Change in Directorate MMTC Limited announced that the appointment of Shri Siddharth Mahajan, IAS(RJ:2003), Joint Secretary, Department of Commerce, Ministry of Commerce and Industry as Govt. Nominee Director on the Board of MMTC Limited with immediate effect vice Shri Vipul Bansal, Joint Secretary (DIN:02687229), present Nominee Director on MMTC Board. Exact date of appointment of Shri Siddharth Mahajan on the Board of MMTC shall be intimated after receipt of MBP-I (consent) and completion of formalities. Announcement • Mar 12
Mmtc Limited Announces Resignation of Pradip Kumar Varma having as Independent Director MMTC Limited announced that Shri Pradip Kumar Varma having (DIN: 01074691) expressed his unwillingness to continue as an Independent director of MMTC Limited due to some personal reasons. Thus, the company accepts his resignation as an Independent director with effect from 8 March, 2024. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹0.37 (vs ₹0.65 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.37 (down from ₹0.65 in 3Q 2023). Revenue: ₹633.3m (down 92% from 3Q 2023). Net income: ₹557.1m (down 43% from 3Q 2023). Profit margin: 88% (up from 13% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
MMTC Limited to Report Q3, 2024 Results on Feb 08, 2024 MMTC Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹59.95, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total returns to shareholders of 149% over the past three years. Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: ₹0.35 (vs ₹10.51 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.35 (down from ₹10.51 in 2Q 2023). Net income: ₹520.4m (down 97% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
MMTC Limited, Annual General Meeting, Nov 22, 2023 MMTC Limited, Annual General Meeting, Nov 22, 2023, at 11:30 Indian Standard Time. Agenda: To receive, consider and adopt the Financial Statements of the Company for the year ended 31st March, 2023, along with the Directors' Report, Statutory Auditors' Report, the Comments thereupon of Comptroller & Auditor General of India and the Report of the Secretarial Auditor for the Financial Year 2022-23; To re-appoint Shri R.R Sinha, Director (Personnel) who retires by rotation at the AGM as Director of the company on the same terms & conditions as approved by the President of India. Being eligible, he has offered himself for re-appointment as Director. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹54.55, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 23x in the Trade Distributors industry in India. Total returns to shareholders of 245% over the past three years. Buying Opportunity • Oct 23
Now 21% undervalued Over the last 90 days, the stock is up 81%. The fair value is estimated to be ₹76.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 56% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹70.55, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 24x in the Trade Distributors industry in India. Total returns to shareholders of 345% over the past three years. Reported Earnings • Sep 23
First quarter 2024 earnings released: EPS: ₹0.10 (vs ₹0.81 loss in 1Q 2023) First quarter 2024 results: EPS: ₹0.10 (up from ₹0.81 loss in 1Q 2023). Revenue: ₹2.43b (down 84% from 1Q 2023). Net income: ₹146.6m (up ₹1.37b from 1Q 2023). Profit margin: 6.0% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Announcement • Sep 15
MMTC Limited to Report Q1, 2024 Results on Sep 22, 2023 MMTC Limited announced that they will report Q1, 2024 results on Sep 22, 2023 Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 63% After last week's 63% share price gain to ₹68.75, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 23x in the Trade Distributors industry in India. Total returns to shareholders of 282% over the past three years. Announcement • Aug 09
MMTC Limited Approves Appointment of Nabarun Nayak as Non-official Independent Director on the Board of Directors The Board of Directors of MMTC Limited approved appointment of Nabarun Nayak as Non-official Independent Director on the Board of Directors of MMTC w.e.f. August 3, 2023 (date of their consent to act as Director) for a period of three years from the date of issue of order of MOC&I. Board Passed the Resolutions by circulation by majority on August 3, 2023. Nabarun Nayak, aged 49 years and is a graduate in humanities. It is hereby informed that: Nabarun Nayak is not related to any other Director on the Board of the Company on the date of his appointment in MMTC Limited. Nabarun Nayak is not debarred from holding the office of Director pursuant to any SEBI order or order of any other such authority. Announcement • Jun 01
MMTC Limited Announces Appointment of Ajay Kumar Misra as Company Secretary MMTC Limited announced appointment of Shri Ajay Kumar Misra, Company Secretary, working as a compliance officer, effective 30 May 2023 in Board Meeting Held on 30 May 2023 Board Meeting. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹10.42 (vs ₹1.75 loss in FY 2022) Full year 2023 results: EPS: ₹10.42 (up from ₹1.75 loss in FY 2022). Revenue: ₹36.2b (down 69% from FY 2022). Net income: ₹15.6b (up ₹18.2b from FY 2022). Profit margin: 43% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • May 23
MMTC Limited to Report Q4, 2023 Results on May 30, 2023 MMTC Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.65 (vs ₹0.49 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.65 (up from ₹0.49 loss in 3Q 2022). Revenue: ₹7.88b (down 66% from 3Q 2022). Net income: ₹975.5m (up ₹1.71b from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
MMTC Limited to Report Q3, 2023 Results on Feb 13, 2023 MMTC Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Announcement • Jan 24
MMTC Limited Announces Cessation of Swadhinta Krishna as Independent Director on the Board MMTC Limited announced that as per term of appointment of Dr. Swadhinta Krishna, Independent Director on the Board of Company on the Board of MMTC Ltd. having DIN number 08675501 has expired on January 21, 2023. Her appointment As independent Director had been communicated by the Department of Commerce, MOC&I vide letter No.11/9/2011-FT(M&O) dated January 22, 2020 for a period of 3 years or further orders, whichever is earlier. MMTC Ltd. has not received any communication untill date. Announcement • Jan 19
MMTC Limited Announces Cessation of Shashank Priya, Govt Nominee Director on the Board MMTC Limited announced that Shri Shashank Priya, IRS, Special Secretary &FA,MOC&I and Govt Nominee Director on the Board of the company has been relieved from his parent department on January 10, 2023 consequent upon his appointment to the post of Member in Central Board of Indirect Taxes & Customs (CBIC). Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹33.50, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 25x in the Trade Distributors industry in India. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 17% share price gain to ₹41.80, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 22x in the Trade Distributors industry in India. Total returns to shareholders of 133% over the past three years. Reported Earnings • Nov 17
Second quarter 2023 earnings released: EPS: ₹10.51 (vs ₹1.40 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹10.51 (up from ₹1.40 loss in 2Q 2022). Net income: ₹15.8b (up ₹17.9b from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Non-Official Part Time Independent Director Pradip Varma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Sep 01
First quarter 2023 earnings released: ₹0.81 loss per share (vs ₹0.64 loss in 1Q 2022) First quarter 2023 results: ₹0.81 loss per share (down from ₹0.64 loss in 1Q 2022). Revenue: ₹15.1b (down 69% from 1Q 2022). Net loss: ₹1.22b (loss widened 27% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Reported Earnings • Jul 10
Full year 2022 earnings released: ₹1.75 loss per share (vs ₹5.26 loss in FY 2021) Full year 2022 results: ₹1.75 loss per share (up from ₹5.26 loss in FY 2021). Revenue: ₹118.1b (down 61% from FY 2021). Net loss: ₹2.62b (loss narrowed 67% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Board Change • Jun 17
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Non-Official Part Time Independent Director Pradip Varma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 27
Second quarter 2022 earnings released: ₹1.40 loss per share (vs ₹0.30 loss in 2Q 2021) Second quarter 2022 results: ₹1.40 loss per share (down from ₹0.30 loss in 2Q 2021). Revenue: ₹23.2b (down 66% from 2Q 2021). Net loss: ₹2.11b (loss widened 373% from 2Q 2021). Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Director of Marketing & Executive Director Janardhanan Shanker is the most experienced director on the board, commencing their role in 2018. Non-Official Part Time Independent Director Pradip Varma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 29
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ₹5.26 loss per share (down from ₹1.95 loss in FY 2020). Revenue: ₹300.0b (up 14% from FY 2020). Net loss: ₹7.89b (loss widened 171% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 29
Full year 2021 earnings released: ₹5.26 loss per share (vs ₹1.83 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: ₹300.2b (up 14% from FY 2020). Net loss: ₹7.89b (loss widened 188% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 18
Third quarter 2021 earnings released: ₹0.35 loss per share (vs ₹0.08 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: ₹115.1b (up 39% from 3Q 2020). Net loss: ₹522.2m (down ₹647.0m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 23
New 90-day high: ₹33.95 The company is up 91% from its price of ₹17.80 on 25 November 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 83% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: ₹27.15 The company is up 66% from its price of ₹16.35 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 47% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: ₹19.00 The company is up 2.0% from its price of ₹18.70 on 02 September 2020. The Indian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 31% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: ₹0.30 loss per share The company reported a decent second quarter result with reduced losses, although revenues were flat. Second quarter 2021 results: Revenue: ₹67.8b (flat on 2Q 2020). Net loss: ₹445.3m (loss narrowed 6.8% from 2Q 2020). Is New 90 Day High Low • Oct 15
New 90-day low: ₹16.05 The company is down 16% from its price of ₹19.20 on 17 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 66% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₹16.15 The company is down 5.0% from its price of ₹17.05 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 Trade Distributors industry, which is up 50% over the same period. 