New Risk • Apr 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Announcement • Apr 10
TIL Limited has completed a Follow-on Equity Offering in the amount of INR 1.99514 billion. TIL Limited has completed a Follow-on Equity Offering in the amount of INR 1.99514 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 12,091,760
Price\Range: INR 165
Transaction Features: Regulation S; Rights Offering Announcement • Mar 23
TIL Limited has completed a Follow-on Equity Offering in the amount of INR 1.99514 billion. TIL Limited has completed a Follow-on Equity Offering in the amount of INR 1.99514 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 12,091,760
Price\Range: INR 165
Transaction Features: Regulation S; Rights Offering Announcement • Feb 27
TIL Limited has filed a Follow-on Equity Offering in the amount of INR 20 billion. TIL Limited has filed a Follow-on Equity Offering in the amount of INR 20 billion.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S; Rights Offering New Risk • Feb 19
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 8.1% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹1.03 loss per share (vs ₹0.56 loss in 3Q 2025) Third quarter 2026 results: ₹1.03 loss per share (further deteriorated from ₹0.56 loss in 3Q 2025). Revenue: ₹757.6m (down 4.3% from 3Q 2025). Net loss: ₹68.5m (loss widened 85% from 3Q 2025). 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 17% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
TIL Limited (NSEI:TIL) agreed to acquire 60% stake in Tulip Compression Private Limited. TIL Limited (NSEI:TIL) agreed to acquire 60% stake in Tulip Compression Private Limited on February 13, 2026.
The transaction has been approved by the board of directors of TIL Limited and is subject to approval of offer by shareholders of TIL Limited. Announcement • Jan 29
TIL Limited Approves Appointments of Directors TIL Limited in its EGM held on 28 January, 2026 approved appointment of Mr. Anurag Srivastava (DIN 09021060) as a Non-Executive Director of the Company with effect from November 10, 2025, whose term of office shall be liable to retire by rotation. Mr. Vijay Singh Chauhan (DIN 11405209) as a Non-Executive Independent Director of the Company for a term of five consecutive years with effect from December 22, 2025, whose office shall not be liable to retire by rotation. The appointments were recommended by the Nomination & Remuneration Committee and approved by the Board of Directors. Reported Earnings • Nov 12
Second quarter 2026 earnings released: ₹1.16 loss per share (vs ₹0.32 loss in 2Q 2025) Second quarter 2026 results: ₹1.16 loss per share (further deteriorated from ₹0.32 loss in 2Q 2025). Revenue: ₹814.5m (up 12% from 2Q 2025). Net loss: ₹77.3m (loss widened 261% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
First quarter 2026 earnings released: ₹0.93 loss per share (vs ₹0.26 loss in 1Q 2025) First quarter 2026 results: ₹0.93 loss per share (further deteriorated from ₹0.26 loss in 1Q 2025). Revenue: ₹707.1m (up 5.6% from 1Q 2025). Net loss: ₹62.2m (loss widened 487% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
TIL Limited to Report Q1, 2026 Results on Aug 12, 2025 TIL Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Announcement • Jul 14
TIL Limited, Annual General Meeting, Sep 04, 2025 TIL Limited, Annual General Meeting, Sep 04, 2025, at 11:00 Indian Standard Time. Location: g.d. birla sabhagar, 29, ashutosh choudhury avenue, west bengal - 700019., kolkata India Announcement • Jun 09
TIL Limited announced that it has received INR 150 million in funding from Indocrest Defence Solutions Private Limited On June 9, 2025. TIL Limited closed the transaction. New Risk • Jun 07
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 8.1% 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 Risks Interest payments are not well covered by earnings (1.1x net interest cover). High level of non-cash earnings (53% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹0.43 (vs ₹222 in FY 2024) Full year 2025 results: EPS: ₹0.43 (down from ₹222 in FY 2024). Revenue: ₹3.43b (up 413% from FY 2024). Net income: ₹28.6m (down 99% from FY 2024). Profit margin: 0.8% (down from 380% in FY 2024). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • May 19
TIL Limited to Report Q4, 2025 Results on May 26, 2025 TIL Limited announced that they will report Q4, 2025 results on May 26, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹250, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 735% over the past three years. Announcement • Mar 24
TIL Limited announced that it expects to receive INR 600 million in funding from Indocrest Defence Solutions Private Limited TIL Limited announced a private placement to issue warrants for gross proceeds of INR 600,000,000 on March 24, 2025. The transaction will include participation from returning investor Indocrest Defence Solutions Pvt Ltd. The transaction has been approved by shareholders and is subject to general shareholders to be held on April 24, 2025. New Risk • Mar 21
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 8.2% 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 (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (280% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (66% net profit margin). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹201, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 29x in the Machinery industry in India. Total returns to shareholders of 585% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹174, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 28x in the Machinery industry in India. Total returns to shareholders of 462% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹190, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 463% over the past three years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: ₹0.56 loss per share (vs ₹112 profit in 3Q 2024) Third quarter 2025 results: ₹0.56 loss per share (down from ₹112 profit in 3Q 2024). Revenue: ₹791.4m (up ₹670.8m from 3Q 2024). Net loss: ₹37.0m (down 103% from profit in 3Q 2024). 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 21% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
TIL Limited to Report Q3, 2025 Results on Feb 07, 2025 TIL Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹235, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 35x in the Machinery industry in India. Total returns to shareholders of 491% over the past three years. Announcement • Oct 31
TIL Limited to Report Q2, 2025 Results on Nov 08, 2024 TIL Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹354, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 40x in the Machinery industry in India. Total returns to shareholders of 654% over the past three years. Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹0.26 loss per share (vs ₹0.95 profit in 1Q 2024) First quarter 2025 results: ₹0.26 loss per share (down from ₹0.95 profit in 1Q 2024). Revenue: ₹767.2m (up ₹732.6m from 1Q 2024). Net loss: ₹10.6m (down 212% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
TIL Limited to Report Q1, 2025 Results on Aug 14, 2024 TIL Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹337, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 42x in the Machinery industry in India. Total returns to shareholders of 579% over the past three years. Announcement • Jul 12
TIL Limited, Annual General Meeting, Sep 10, 2024 TIL Limited, Annual General Meeting, Sep 10, 2024, at 11:00 Indian Standard Time. Location: 1, taratolla road, garden reach, kolkata - 700024., kolkata India Announcement • Jun 29
TIL Limited Announces Board Changes The Board of Directors of TIL Limited at its meeting held on 29 June 2024 has approved the appointment of Ms. Chandrani Chatterjee as Company Secretary & Head-Legal and Compliance Officer and a Key Managerial Personnel of the Company with effect from 1 July, 2024 in place of Mr. Sekhar Bhattacharjee, who will be superannuated from the services of the Company with effect from 30 June, 2024. Name: Ms. Chandrani Chatterjee; ACS Number: A16628; Educational Qualifications: ACS & PGDBM, B.Sc (Chemistry Hons). Ms. Chandrani Chatterjee is a seasoned professional with more than 19 year of experience in company secretary & legal functions. She is an Associate Member of the Institute of Company Secretaries of India (ICSI) and also holds a Post Graduate Diploma in Business Management from the Calcutta University. Her expertise lies in corporate law, legal and governance, accompanied by exceptional leadership capabilities. Ms. Chatterjee has wide range of experience in varied Industries viz. Information Technology, Manufacturing, Textile and Education Management. During her past stints, she has worked with various renowned business groups namely, M /s. Usha Martin Technologies Group, M/s. Stewarts and Lloyds of India Ltd, M/s Rupa & Co. Limited etc. and as a part of secretarial and legal assignments, she has extensively worked on mergers & acquisitions, due diligence, better governance and digitization of records. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹222 (vs ₹90.75 loss in FY 2023) Full year 2024 results: EPS: ₹222 (up from ₹90.75 loss in FY 2023). Net income: ₹2.54b (up ₹3.45b from FY 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 23
TIL Limited to Report Q4, 2024 Results on May 28, 2024 TIL Limited announced that they will report Q4, 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹217, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 42x in the Machinery industry in India. Total returns to shareholders of 284% over the past three years. New Risk • Mar 26
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 21% 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 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 (21% average weekly change). Negative equity (-₹1.5b). Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹2.75b market cap, or US$33.1m). Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 71% After last week's 71% share price decline to ₹157, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 34x in the Machinery industry in India. Total returns to shareholders of 270% over the past three years. Announcement • Mar 01
TIL Limited has filed a Follow-on Equity Offering. TIL Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S; Rights Offering Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹104 (vs ₹21.36 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹104 (up from ₹21.36 loss in 3Q 2023). Net income: ₹1.05b (up ₹1.26b from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 09
TIL Limited to Report Q3, 2024 Results on Feb 14, 2024 TIL Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Board Change • Feb 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Independent Director Tulsi Banerjee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Jan 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹77m free cash flow). Negative equity (-₹3.1b). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹8.08b market cap, or US$97.2m). Reported Earnings • Nov 18
Second quarter 2024 earnings released: ₹20.29 loss per share (vs ₹21.49 loss in 2Q 2023) Second quarter 2024 results: ₹20.29 loss per share (improved from ₹21.49 loss in 2Q 2023). Revenue: ₹203.3m (up ₹188.1m from 2Q 2023). Net loss: ₹203.5m (loss narrowed 5.6% from 2Q 2023). 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 34% per year, which means it is well ahead of earnings. Announcement • Nov 08
TIL Limited to Report Q2, 2024 Results on Nov 14, 2023 TIL Limited announced that they will report Q2, 2024 results at 4:00 PM, Indian Standard Time on Nov 14, 2023 Announcement • Aug 25
TIL Limited, Annual General Meeting, Sep 26, 2023 TIL Limited, Annual General Meeting, Sep 26, 2023, at 10:00 Indian Standard Time. New Risk • Aug 17
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹275m (US$3.3m) This is considered a minor 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 Negative equity (-₹2.9b). Earnings have declined by 60% per year over the past 5 years. Minor Risks Revenue is less than US$5m (₹275m revenue, or US$3.3m). Market cap is less than US$100m (₹2.65b market cap, or US$31.9m). Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹0.95 (vs ₹23.14 loss in 1Q 2023) First quarter 2024 results: EPS: ₹0.95 (up from ₹23.14 loss in 1Q 2023). Revenue: ₹35.3m (down 77% from 1Q 2023). Net income: ₹9.50m (up ₹241.6m from 1Q 2023). Profit margin: 27% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Aug 06
TIL Limited to Report Q1, 2024 Results on Aug 12, 2023 TIL Limited announced that they will report Q1, 2024 results at 4:00 PM, Indian Standard Time on Aug 12, 2023 Reported Earnings • May 30
Full year 2023 earnings released: ₹90.75 loss per share (vs ₹430 loss in FY 2022) Full year 2023 results: ₹90.75 loss per share (improved from ₹430 loss in FY 2022). Revenue: ₹505.3m (down 24% from FY 2022). Net loss: ₹910.2m (loss narrowed 79% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • May 28
TIL Limited Announces Resignation of Bipasha Banerjea, Chief Financial Officer and Key Managerial Personnel of the Company with Effect from 30 May, 2023 TIL Limited announced the resignation of Ms. Bipasha Banerjea, Chief Financial Officer and Key Managerial Personnel of the Company with effect from 30th May, 2023. Announcement • May 21
TIL Limited to Report Q4, 2023 Results on May 26, 2023 TIL Limited announced that they will report Q4, 2023 results at 4:00 PM, Indian Standard Time on May 26, 2023 Announcement • May 19
TIL Limited Announces Directorate Appointments TIL Limited announced that at the board meeting held on May 18, 2023 approved the appointment of Mr. Shamik Dasgupta and Mr. Debasis Bhattacharya as Independent Directors of the Company with effect from May 18, 2023. Mr. Shamik Dasgupta is Master in Commerce and a qualified Company Secretary. He has worked with the Calcutta Stock Exchange Ltd. and also with the National Stock Exchange of India Ltd. in senior positions. Presently he is engaged as a Practicing Company Secretary. Mr. Dasgupta is a competent professional with around three decades of rich experience in Corporate Governance and Compliance Management, Policy Formulation and Implementation and Financial Management & Consultancy. Mr. Debasis Bhattacharya is a qualified Chartered Accountant. He has worked in a German Multinational Company for more than a decade and was in charge if the entire finance and commercial activities of the Company. He has also been involved as a Financial Controller of several turnkey projects on behalf of the German Multinational, one of which was DSP Modernisation. He is also a resource person of examination for the Institute of Chartered Accountants of India since 2006. Presently, he is a Senior Partner in the Audit Firm, M/s. S.K. Mallick & Co., Chartered Accountants. He has rich experience in Bank Audits including State Bank of India and PSU Audit like BSNL, Assam Gas Ltd., Jute Corporation, Bengal Chemical, Indian Statistical Institute, etc. Terms of appointment is 5 years. Reported Earnings • Feb 09
Third quarter 2023 earnings released: ₹21.36 loss per share (vs ₹31.15 loss in 3Q 2022) Third quarter 2023 results: ₹21.36 loss per share (improved from ₹31.15 loss in 3Q 2022). Revenue: ₹121.6m (down 31% from 3Q 2022). Net loss: ₹214.2m (loss narrowed 31% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Feb 03
TIL Limited to Report Q3, 2023 Results on Feb 08, 2023 TIL Limited announced that they will report Q3, 2023 results at 12:08 PM, Indian Standard Time on Feb 08, 2023 Reported Earnings • Nov 24
First quarter 2023 earnings released: ₹23.14 loss per share (vs ₹53.36 loss in 1Q 2022) First quarter 2023 results: ₹23.14 loss per share (improved from ₹53.36 loss in 1Q 2022). Revenue: ₹198.7m (up 73% from 1Q 2022). Net loss: ₹232.1m (loss narrowed 57% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Board Change • Oct 31
High number of new directors Independent Director Subir Bhattacharyya was the last director to join the board, commencing their role in 2022. Reported Earnings • Sep 21
Full year 2022 earnings released: ₹430 loss per share (vs ₹68.27 loss in FY 2021) Full year 2022 results: ₹430 loss per share (further deteriorated from ₹68.27 loss in FY 2021). Revenue: ₹771.3m (down 75% from FY 2021). Net loss: ₹4.31b (loss widened ₹3.63b from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non Executive Independent Director Gaurav Swarup was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non Executive Independent Director Gaurav Swarup was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: ₹31.15 loss per share (down from ₹3.57 profit in 3Q 2021). Revenue: ₹175.2m (down 85% from 3Q 2021). Net loss: ₹312.4m (down ₹348.2m from profit in 3Q 2021). Revenue exceeded analyst estimates by 22%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 13
Second quarter 2022 earnings released: ₹32.10 loss per share (vs ₹18.20 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: ₹172.7m (down 79% from 2Q 2021). Net loss: ₹322.0m (loss widened 76% from 2Q 2021). Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹53.36 loss per share (vs ₹17.01 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: ₹131.7m (down 71% from 1Q 2021). Net loss: ₹535.2m (loss widened 214% from 1Q 2021). Executive Departure • Jun 08
Chief Financial Officer Shibaditya Ghosh has left the company During their tenure, earnings grew by 114% annually compared to the industry average of 6.0%. On the 31st of May, Shibaditya Ghosh left the company after less than a year in the role. We don't have any record of a personal shareholding under Shibaditya's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Jun 01
Full year 2021 earnings released: ₹68.27 loss per share (vs ₹18.44 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹3.21b (down 15% from FY 2020). Net income: ₹749.2m (up ₹934.2m from FY 2020). Profit margin: 23% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. 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. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹3.57 (vs ₹0.59 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.17b (up 42% from 3Q 2020). Net income: ₹35.8m (up 497% from 3Q 2020). Profit margin: 3.1% (up from 0.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 04
New 90-day high: ₹192 The company is up 50% from its price of ₹129 on 06 November 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 32% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: ₹185 The company is up 32% from its price of ₹140 on 08 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: ₹168 The company is up 7.0% from its price of ₹157 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 Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 31
New 90-day low: ₹131 The company is down 1.0% from its price of ₹132 on 31 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period.