Reported Earnings • May 16
Full year 2026 earnings released: EPS: ₹3.51 (vs ₹4.26 in FY 2025) Full year 2026 results: EPS: ₹3.51 (down from ₹4.26 in FY 2025). Revenue: ₹1.90b (up 30% from FY 2025). Net income: ₹100.9m (down 17% from FY 2025). Profit margin: 5.3% (down from 8.3% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹141, the stock trades at a trailing P/E ratio of 64.8x. Average trailing P/E is 16x in the Construction industry in India. Total loss to shareholders of 50% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹1.35 (vs ₹0.19 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.35 (up from ₹0.19 in 3Q 2025). Revenue: ₹539.0m (up 60% from 3Q 2025). Net income: ₹38.9m (up ₹33.5m from 3Q 2025). Profit margin: 7.2% (up from 1.6% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹1.12 (vs ₹2.80 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.12 (down from ₹2.80 in 2Q 2025). Revenue: ₹417.6m (down 3.1% from 2Q 2025). Net income: ₹32.4m (down 60% from 2Q 2025). Profit margin: 7.7% (down from 19% in 2Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% 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 • Oct 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹204, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 135% over the past three years. Upcoming Dividend • Sep 16
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 23 September 2025. Payment date: 30 October 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.8%). Declared Dividend • Sep 01
Dividend of ₹1.00 announced Shareholders will receive a dividend of ₹1.00. Ex-date: 23rd September 2025 Payment date: 30th October 2025 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 78% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.8% EPS decline seen over the last 5 years. Announcement • Aug 29
Mold-Tek Technologies Limited, Annual General Meeting, Sep 30, 2025 Mold-Tek Technologies Limited, Annual General Meeting, Sep 30, 2025, at 09:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹154, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 76% over the past three years. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹0.24 (vs ₹1.81 in 1Q 2025) First quarter 2026 results: EPS: ₹0.24 (down from ₹1.81 in 1Q 2025). Revenue: ₹352.6m (down 10% from 1Q 2025). Net income: ₹6.85m (down 87% from 1Q 2025). Profit margin: 1.9% (down from 13% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Aug 05
Mold-Tek Technologies Limited to Report Q1, 2026 Results on Aug 07, 2025 Mold-Tek Technologies Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹165, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 23x in the Construction industry in India. Total returns to shareholders of 85% over the past three years. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹4.26 (vs ₹9.81 in FY 2024) Full year 2025 results: EPS: ₹4.26 (down from ₹9.81 in FY 2024). Revenue: ₹1.50b (down 6.8% from FY 2024). Net income: ₹121.7m (down 56% from FY 2024). Profit margin: 8.1% (down from 17% in FY 2024). The decrease in margin was primarily 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 9% per year. New Risk • May 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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin). Market cap is less than US$100m (₹4.09b market cap, or US$48.2m). Buy Or Sell Opportunity • Apr 01
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to ₹160. The fair value is estimated to be ₹133, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 20%. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹145, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 85% over the past three years. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹0.19 (vs ₹2.47 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.19 (down from ₹2.47 in 3Q 2024). Revenue: ₹336.0m (down 20% from 3Q 2024). Net income: ₹5.42m (down 92% from 3Q 2024). Profit margin: 1.6% (down from 17% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 21% per year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹145, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 23x in the Construction industry in India. Total returns to shareholders of 103% over the past three years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹2.80 (vs ₹2.87 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.80 (down from ₹2.87 in 2Q 2024). Revenue: ₹435.1m (up 8.6% from 2Q 2024). Net income: ₹80.0m (down 1.6% from 2Q 2024). Profit margin: 18% (down from 20% in 2Q 2024). 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 38% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.40 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 26 October 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.5%. Within top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (0.6%). Declared Dividend • Aug 31
Dividend of ₹1.40 announced Dividend of ₹1.40 is the same as last year. Ex-date: 19th September 2024 Payment date: 26th October 2024 Dividend yield will be 1.4%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 29
Mold-Tek Technologies Limited, Annual General Meeting, Sep 26, 2024 Mold-Tek Technologies Limited, Annual General Meeting, Sep 26, 2024, at 13:00 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: ₹1.81 (vs ₹2.21 in 1Q 2024) First quarter 2025 results: EPS: ₹1.81 (down from ₹2.21 in 1Q 2024). Revenue: ₹404.4m (up 10% from 1Q 2024). Net income: ₹51.8m (down 18% from 1Q 2024). Profit margin: 13% (down from 17% in 1Q 2024). 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 whereas the company’s share price has increased by 41% per year. Announcement • Aug 02
Mold-Tek Technologies Limited Recommends Final Dividend for the Financial Year Ended 31 March 2024 Mold-Tek Technologies Limited announced that at its board meeting held on 2 August 2024, recommended a final dividend of INR 1.40 per equity share for the financial year ended 31 March 2024 on equity shares of face value of INR 2 each. The Board of directors had earlier paid an interim dividend of INR 2.00 per equity share of face value of INR 2 each at its meeting held on 3 April 2024. The total dividend for the financial year amounts to INR 3.40 per equity share of face value of INR 2 each. This dividend of INR 1.40 per equity share is subject to the approval of Members at the upcoming Annual General Meeting which will be held on or before 30 September 2024 and the Book Closure for the purpose of payment of the dividend for the financial year 2023-2024 will be determined later. Announcement • Jul 26
Mold-Tek Technologies Limited to Report Q1, 2025 Results on Aug 02, 2024 Mold-Tek Technologies Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹265, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 378% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹264, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 363% over the past three years. Reported Earnings • May 02
Full year 2024 earnings released: EPS: ₹9.81 (vs ₹10.36 in FY 2023) Full year 2024 results: EPS: ₹9.81 (down from ₹10.36 in FY 2023). Revenue: ₹1.63b (up 11% from FY 2023). Net income: ₹278.5m (down 4.8% from FY 2023). Profit margin: 17% (down from 20% 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 43% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹6.56b market cap, or US$78.7m). Declared Dividend • Apr 05
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 12th April 2024 Payment date: 2nd May 2024 Dividend yield will be 1.4%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 30% 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. Announcement • Apr 04
Mold-Tek Technologies Limited Declares an Interim Dividend for the Financial Year 2023-2024, Payable on or Before 2 May 2024 Mold-Tek Technologies Limited announced that at its board meeting held on 3 April 2024, declared an interim equity dividend for the financial year 2023-2024 at 100% that is INR 2.00 per equity share on face value of INR 2.00 per equity share. As intimated vide its letter dated 29 March 2024, the record date for reckoning the list of equity shareholders who will be entitled to receive the said interim equity dividend shall be 12 April 2024. The interim dividend will be paid to such shareholders on or before 2 May 2024. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹218, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 25x in the Construction industry in India. Total returns to shareholders of 465% over the past three years. Buy Or Sell Opportunity • Apr 01
Now 41% overvalued Over the last 90 days, the stock has fallen 23% to ₹218. The fair value is estimated to be ₹155, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 49%. Announcement • Mar 15
Mold-Tek Technologies Limited Announces Resignation of Satya Kishore Nadikatla as Chief Financial Officer Mold-Tek Technologies Limited informed that Mr. Satya Kishore Nadikatla, Chief Financial Officer (CFO) has resigned from the services of the Company due to personal reasons and he will be relieved from his duties effective end of business hours of March 14, 2024. Mr. Satya Kishore Nadikatla will also cease to be a Key Managerial Personnel (KMP) under the provisions of Section 203 and other applicable provisions, if any, of the Companies Act, 2013 and Regulation 30(5) of the SEBI LODR Regulations for determining the materiality of any event or information for making the required disclosures to the Stock Exchanges w.e.f. close of business hours of March 14, 2024. Buy Or Sell Opportunity • Mar 14
Now 23% overvalued Over the last 90 days, the stock has fallen 33% to ₹192. The fair value is estimated to be ₹156, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 49%. Reported Earnings • Feb 12
Third quarter 2024 earnings released: EPS: ₹2.47 (vs ₹3.26 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.47 (down from ₹3.26 in 3Q 2023). Revenue: ₹417.5m (up 2.5% from 3Q 2023). Net income: ₹70.1m (down 24% from 3Q 2023). Profit margin: 17% (down from 23% 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 49% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹235, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 29x in the Construction industry in India. Total returns to shareholders of 452% over the past three years. Buy Or Sell Opportunity • Jan 19
Now 22% overvalued Over the last 90 days, the stock has fallen 19% to ₹271. The fair value is estimated to be ₹223, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 49%. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹289, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 23x in the Construction industry in India. Total returns to shareholders of 479% over the past three years. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: ₹2.87 (vs ₹2.43 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.87 (up from ₹2.43 in 2Q 2023). Revenue: ₹404.9m (up 17% from 2Q 2023). Net income: ₹81.3m (up 19% from 2Q 2023). Profit margin: 20% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.30b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹8.30b market cap, or US$99.8m). Upcoming Dividend • Sep 11
Upcoming dividend of ₹1.40 per share at 0.9% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 26 October 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.8%). Announcement • Aug 30
Mold-Tek Technologies Limited, Annual General Meeting, Sep 26, 2023 Mold-Tek Technologies Limited, Annual General Meeting, Sep 26, 2023, at 13:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹368, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 756% over the past three years. Announcement • Aug 01
Mold-Tek Technologies Limited Appoints Prasad Raju Kosuri as A Chief Executive Officer Mold-Tek Technologies Limited informed that the Board of Directors, at its meeting held on 31st July, 2023, has, approved the appointment of Mr. Prasad Raju Kosuri as a Chief Executive Officer (CEO) of the Company with effect from 31st July, 2023. Mr. Prasad Raju Kosuri is a Techno commercial management professional with extensive experience in multiple roles in India and USA, in the field of Structural Engineering KPO (Knowledge Process Outsourcing) Domain Project Management, Technical team building, Training, Recruuitment, Human Resources, Integration of Acquisitions, Administration, Profit center management and strategy. He have outstanding skills for analyzing and designing complex structures involving Steel, Concrete, Light gauge steel and Wood. He is associated with Mold-Tek Technologies Limited for more than 2 decades and havecontributed much for the overall growth and diversification of the Company and was acting as President-Global Operations.In view of the efforts put in by Mr. Prasad Raju in his existing capacity and given the future growth prospects of the Company, the Board has promoted him as a Chief Executive Officer (CEO) of the Company. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: ₹2.21 (vs ₹1.10 in 1Q 2023) First quarter 2024 results: EPS: ₹2.21 (up from ₹1.10 in 1Q 2023). Revenue: ₹377.4m (up 31% from 1Q 2023). Net income: ₹62.8m (up 103% from 1Q 2023). Profit margin: 17% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹270, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 758% over the past three years. Announcement • Jul 26
Mold-Tek Technologies Limited to Report Q1, 2024 Results on Jul 31, 2023 Mold-Tek Technologies Limited announced that they will report Q1, 2024 results on Jul 31, 2023 Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹260, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 648% over the past three years. Reported Earnings • May 03
Full year 2023 earnings released: EPS: ₹10.36 (vs ₹4.71 in FY 2022) Full year 2023 results: EPS: ₹10.36 (up from ₹4.71 in FY 2022). Revenue: ₹1.49b (up 51% from FY 2022). Net income: ₹292.7m (up 120% from FY 2022). Profit margin: 20% (up from 14% 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 37% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹276, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 729% over the past three years. Board Change • Apr 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. 3 experienced directors. 6 highly experienced directors. Independent Non-Executive Woman Director Venkataramani Viswanadham was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹257, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 549% over the past three years. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹208, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 379% over the past three years. Announcement • Jan 31
Mold-Tek Technologies Limited Appoints Thakur Vikram Singh as Company Secretary and Compliance Officer The board of directors of Mold-Tek Technologies Limited meeting held on January 30, 2023, approved the appointment of Thakur Vikram Singh as Company Secretary and Compliance Officer of the Company, with effect from January 30, 2023. Mr. Thakur Vikram Singh is an Associate Member of the Institute of Company Secretaries of the India bearing membership no. A60261 and also holds a degree in Bachelor of Commerce from Osmania University. His work experience majorly comprises of Legal and Secretarial. Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: ₹3.26 (vs ₹0.59 in 3Q 2022) Third quarter 2023 results: EPS: ₹3.26 (up from ₹0.59 in 3Q 2022). Revenue: ₹411.2m (up 73% from 3Q 2022). Net income: ₹92.1m (up 453% from 3Q 2022). Profit margin: 22% (up from 7.0% 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 22% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 19% share price gain to ₹181, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 298% over the past three years. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 32% share price gain to ₹142, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 217% over the past three years. Reported Earnings • Nov 01
Second quarter 2023 earnings released: EPS: ₹2.43 (vs ₹1.30 in 2Q 2022) Second quarter 2023 results: EPS: ₹2.43 (up from ₹1.30 in 2Q 2022). Revenue: ₹350.5m (up 50% from 2Q 2022). Net income: ₹68.5m (up 87% from 2Q 2022). Profit margin: 20% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improved over the past week After last week's 17% share price gain to ₹111, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 136% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹0.30 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.2%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: ₹1.10 (vs ₹1.16 in 1Q 2022) First quarter 2023 results: EPS: ₹1.10 (down from ₹1.16 in 1Q 2022). Revenue: ₹293.6m (up 30% from 1Q 2022). Net income: ₹31.0m (down 5.1% from 1Q 2022). Profit margin: 11% (down from 14% 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 1% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 16% share price gain to ₹97.30, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 98% over the past three years. Reported Earnings • May 10
Full year 2022 earnings released: EPS: ₹4.71 (vs ₹3.57 in FY 2021) Full year 2022 results: EPS: ₹4.71 (up from ₹3.57 in FY 2021). Revenue: ₹1.01b (up 22% from FY 2021). Net income: ₹133.0m (up 33% from FY 2021). Profit margin: 13% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Kesaboina Chalam was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.