Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹26.00, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 14x in the Construction industry in India. Total loss to shareholders of 49% over the past three years. New Risk • Mar 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹863.4m (US$9.36m) This is considered a major 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: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Market cap is less than US$10m (₹863.4m market cap, or US$9.36m). Minor Risk Profit margins are more than 30% lower than last year (3.4% net profit margin). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.67 (vs ₹3.44 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.67 (down from ₹3.44 in 3Q 2025). Revenue: ₹326.5m (down 73% from 3Q 2025). Net income: ₹17.1m (down 79% from 3Q 2025). Profit margin: 5.3% (down from 6.9% 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 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹45.81, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 18x in the Construction industry in India. Negligible returns to shareholders over past three years. New Risk • Nov 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Market cap is less than US$100m (₹1.49b market cap, or US$16.8m). Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹55.88, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 25% over the past three years. New Risk • Sep 23
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 7.1% 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 (2.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (₹1.87b market cap, or US$21.1m). Reported Earnings • Aug 19
First quarter 2026 earnings released: EPS: ₹1.40 (vs ₹2.22 in 1Q 2025) First quarter 2026 results: EPS: ₹1.40 (down from ₹2.22 in 1Q 2025). Revenue: ₹765.8m (down 9.6% from 1Q 2025). Net income: ₹33.7m (down 37% from 1Q 2025). Profit margin: 4.4% (down from 6.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Aug 18
RKEC Projects Limited, Annual General Meeting, Sep 26, 2025 RKEC Projects Limited, Annual General Meeting, Sep 26, 2025, at 11:30 Indian Standard Time. New Risk • Jun 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹1.97b market cap, or US$23.1m). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹77.87, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 77% over the past three years. New Risk • Apr 30
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 8.6% 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 Interest payments are not well covered by earnings (3.0x net interest cover). Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹1.81b market cap, or US$21.2m). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹75.73, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 37% over the past three years. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹3.44 (vs ₹4.45 in 3Q 2024) Third quarter 2025 results: EPS: ₹3.44 (down from ₹4.45 in 3Q 2024). Revenue: ₹1.19b (up 13% from 3Q 2024). Net income: ₹82.6m (down 23% from 3Q 2024). Profit margin: 6.9% (down from 10% in 3Q 2024). The decrease in margin was driven by higher 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 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹73.07, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 23x in the Construction industry in India. Total returns to shareholders of 22% over the past three years. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹1.56 (vs ₹0.41 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.56 (up from ₹0.41 in 2Q 2024). Revenue: ₹775.3m (up 36% from 2Q 2024). Net income: ₹37.5m (up 282% from 2Q 2024). Profit margin: 4.8% (up from 1.7% in 2Q 2024). 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 only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Sep 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹2.74b market cap, or US$32.7m). Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹2.22 (vs ₹1.17 in 1Q 2024) First quarter 2025 results: EPS: ₹2.22 (up from ₹1.17 in 1Q 2024). Revenue: ₹848.4m (up 120% from 1Q 2024). Net income: ₹53.1m (up 90% from 1Q 2024). Profit margin: 6.3% (down from 7.3% 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 16% per year whereas the company’s share price has increased by 15% per year. Announcement • Aug 13
RKEC Projects Limited, Annual General Meeting, Sep 26, 2024 RKEC Projects Limited, Annual General Meeting, Sep 26, 2024, at 11:30 Indian Standard Time. New Risk • Jul 23
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 7.9% 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 Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹3.30b market cap, or US$39.4m). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹143, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 29x in the Construction industry in India. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹120, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 30x in the Construction industry in India. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹105, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 27x in the Construction industry in India. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹76.70, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 19% over the past three years. New Risk • Feb 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 9.2% 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 Debt is not well covered by operating cash flow (1.6% operating cash flow to total debt). Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (₹2.28b market cap, or US$27.4m). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹4.45 (vs ₹4.47 in 3Q 2023) Third quarter 2024 results: EPS: ₹4.45. Revenue: ₹1.06b (down 7.3% from 3Q 2023). Net income: ₹106.8m (flat on 3Q 2023). Profit margin: 10% (in line with 3Q 2023). 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 ₹76.85, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹85.05, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 81% over the past three years. New Risk • Nov 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings have declined by 20% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹1.76b market cap, or US$21.1m). Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹78.35, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 22x in the Construction industry in India. Total returns to shareholders of 121% over the past three years. Announcement • Sep 29
RKEC Projects Limited, Annual General Meeting, Sep 27, 2023 RKEC Projects Limited, Annual General Meeting, Sep 27, 2023, at 11:30 Indian Standard Time. Agenda: To consider the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2023 together with the Reports of the Auditors thereon; to consider the Audited Consolidated Financial Statements of the Company for the Financial Year end 31st March 2023 together with the Report of the Auditors; to consider and re-appoint Shri. G V Ramamohan who retires by rotation and to consider other business matters. Reported Earnings • Aug 13
First quarter 2024 earnings released First quarter 2024 results: EPS: ₹1.17. Revenue: ₹386.6m (down 17% from 1Q 2023). Net income: ₹28.0m (up 286% from 1Q 2023). Profit margin: 7.2% (up from 1.6% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Board Change • Aug 01
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. 6 experienced directors. 1 highly experienced director. Non-Executive Independent Director Peruvemba Kumar was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹63.00, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 59% over the past three years. Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹5.18 (vs ₹2.97 in FY 2022) Full year 2023 results: EPS: ₹5.18 (up from ₹2.97 in FY 2022). Revenue: ₹3.04b (up 44% from FY 2022). Net income: ₹122.6m (up 72% from FY 2022). Profit margin: 4.0% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹54.95, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹78.40, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹67.20, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹53.35, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 17x in the Construction industry in India. Total returns to shareholders of 13% over the past three years. Announcement • Jan 09
RKEC Projects Limited to Report Q3, 2023 Results on Jan 07, 2023 RKEC Projects Limited announced that they will report Q3, 2023 results on Jan 07, 2023 Reported Earnings • Jan 07
Third quarter 2023 earnings released: EPS: ₹4.47 (vs ₹0.61 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.47 (up from ₹0.61 in 3Q 2022). Revenue: ₹1.15b (up 305% from 3Q 2022). Net income: ₹106.4m (up ₹91.7m from 3Q 2022). Profit margin: 9.2% (up from 5.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 23% share price gain to ₹54.25, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 1.9% over the past three years. Buying Opportunity • Dec 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be ₹52.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 47%. Buying Opportunity • Dec 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be ₹60.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 47%. Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹0.53 (vs ₹1.31 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.53 (down from ₹1.31 in 2Q 2022). Revenue: ₹747.8m (up 58% from 2Q 2022). Net income: ₹6.82m (down 78% from 2Q 2022). Profit margin: 0.9% (down from 6.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹44.60, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 18x in the Construction industry in India. Total loss to shareholders of 4.5% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 20% share price gain to ₹53.70, 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 27% over the past three years. Reported Earnings • Aug 19
First quarter 2023 earnings released: EPS: ₹0.03 (vs ₹1.08 in 1Q 2022) First quarter 2023 results: EPS: ₹0.03 (down from ₹1.08 in 1Q 2022). Revenue: ₹466.5m (up 32% from 1Q 2022). Net income: ₹7.25m (down 72% from 1Q 2022). Profit margin: 1.6% (down from 7.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹2.97 (vs ₹5.32 in FY 2021) Full year 2022 results: EPS: ₹2.97 (down from ₹5.32 in FY 2021). Revenue: ₹2.13b (up 2.7% from FY 2021). Net income: ₹71.2m (down 44% from FY 2021). Profit margin: 3.3% (down from 6.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.61 (down from ₹1.44 in 3Q 2021). Revenue: ₹286.3m (down 46% from 3Q 2021). Net income: ₹14.7m (down 57% from 3Q 2021). Profit margin: 5.1% (down from 6.5% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹57.15, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 18x in the Construction industry in India. Total loss to shareholders of 11% over the past three years. Reported Earnings • Nov 18
Second quarter 2022 earnings released: EPS ₹1.31 (vs ₹5.32 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹482.7m (up 44% from 2Q 2021). Net income: ₹31.3m (up ₹58.2m from 2Q 2021). Profit margin: 6.5% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 09
Upcoming dividend of ₹1.20 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 27 October 2021. Trailing yield: 1.4%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 19% share price gain to ₹85.25, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 16x in the Construction industry in India. Total loss to shareholders of 9.5% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹71.55, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 19x in the Construction industry in India. Total loss to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₹106, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 27% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹5.32 (vs ₹10.76 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.11b (down 31% from FY 2020). Net income: ₹127.6m (down 51% from FY 2020). Profit margin: 6.0% (down from 8.5% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 36% share price gain to ₹83.60, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 19x in the Construction industry in India. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 21% share price gain to ₹71.00, the stock trades at a trailing P/E ratio of 6.6x, up from the previous P/E ratio of 5.5x. Average P/E is 17x in the Construction industry in India. Total return to shareholders over the past three years was a loss of 35%. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 17% share price gain to ₹58.20, the stock is trading at a trailing P/E ratio of 5.4x, up from the previous P/E ratio of 4.6x. This compares to an average P/E of 18x in the Construction industry in India. Total return to shareholders over the past three years is a loss of 55%. Is New 90 Day High Low • Feb 20
New 90-day high: ₹58.20 The company is up 65% from its price of ₹35.25 on 20 November 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 33% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹47.15, the stock is trading at a trailing P/E ratio of 4.4x, down from the previous P/E ratio of 5.3x. This compares to an average P/E of 14x in the Construction industry in India. Total return to shareholders over the past three years is a loss of 70%. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 18% share price gain to ₹41.95, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 14x in the Construction industry in India. Total return to shareholders over the past three years is a loss of 68%. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 18% share price gain to ₹39.00, the stock is trading at a trailing P/E ratio of 3.6x, up from the previous P/E ratio of 3.1x. This compares to an average P/E of 13x in the Construction industry in India. Total return to shareholders over the past three years is a loss of 69%. Is New 90 Day High Low • Dec 03
New 90-day high: ₹39.00 The company is up 3.0% from its price of ₹37.85 on 03 September 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 13% over the same period.