Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹1.34 (vs ₹9.26 loss in FY 2025) Full year 2026 results: EPS: ₹1.34 (up from ₹9.26 loss in FY 2025). Revenue: ₹1.66b (up 4.8% from FY 2025). Net income: ₹5.36m (up ₹42.6m from FY 2025). Profit margin: 0.3% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • May 14
Inducto Steels Limited to Report Q4, 2026 Results on May 29, 2026 Inducto Steels Limited announced that they will report Q4, 2026 results on May 29, 2026 Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹0.36 (vs ₹1.47 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.36 (up from ₹1.47 loss in 3Q 2025). Revenue: ₹333.9m (flat on 3Q 2025). Net income: ₹1.43m (up ₹7.34m from 3Q 2025). Profit margin: 0.4% (up from net loss in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Feb 05
Inducto Steels Limited to Report Q3, 2026 Results on Feb 13, 2026 Inducto Steels Limited announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Jan 16
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 8.4% 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 (0.2x net interest cover). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (₹200.9m market cap, or US$2.22m). New Risk • Dec 09
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 Risks Interest payments are not well covered by earnings (0.2x net interest cover). Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (₹189.7m market cap, or US$2.11m). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Nov 15
Second quarter 2026 earnings released: ₹1.86 loss per share (vs ₹5.64 loss in 2Q 2025) Second quarter 2026 results: ₹1.86 loss per share (improved from ₹5.64 loss in 2Q 2025). Revenue: ₹219.0m (down 53% from 2Q 2025). Net loss: ₹7.45m (loss narrowed 67% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Oct 28
Inducto Steels Limited to Report Q2, 2026 Results on Nov 13, 2025 Inducto Steels Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Sep 09
Inducto Steels Limited, Annual General Meeting, Sep 30, 2025 Inducto Steels Limited, Annual General Meeting, Sep 30, 2025, at 10:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: ₹0.62 loss per share (vs ₹2.28 loss in 1Q 2025) First quarter 2026 results: ₹0.62 loss per share (improved from ₹2.28 loss in 1Q 2025). Revenue: ₹458.8m (up 19% from 1Q 2025). Net loss: ₹2.48m (loss narrowed 73% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Announcement • Aug 02
Inducto Steels Limited to Report Q1, 2026 Results on Aug 12, 2025 Inducto Steels Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jun 02
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 (11% average weekly change). Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (₹291.3m market cap, or US$3.41m). Reported Earnings • Jun 02
Full year 2025 earnings released: ₹9.26 loss per share (vs ₹0.40 profit in FY 2024) Full year 2025 results: ₹9.26 loss per share (down from ₹0.40 profit in FY 2024). Revenue: ₹1.59b (up 53% from FY 2024). Net loss: ₹37.2m (down ₹38.8m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 146 percentage points per year, which is a significant difference in performance. Announcement • May 13
Inducto Steels Limited to Report Q4, 2025 Results on May 30, 2025 Inducto Steels Limited announced that they will report Q4, 2025 results on May 30, 2025 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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (₹220.3m market cap, or US$2.54m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹1.47 loss per share (vs ₹0.31 profit in 3Q 2024) Third quarter 2025 results: ₹1.47 loss per share (down from ₹0.31 profit in 3Q 2024). Revenue: ₹338.4m (up 52% from 3Q 2024). Net loss: ₹5.91m (down ₹7.14m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 135 percentage points per year, which is a significant difference in performance. Announcement • Feb 05
Inducto Steels Limited to Report Q3, 2025 Results on Feb 13, 2025 Inducto Steels Limited announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Nov 16
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (₹266.6m market cap, or US$3.16m). Reported Earnings • Nov 16
Second quarter 2025 earnings released: ₹5.64 loss per share (vs ₹2.25 profit in 2Q 2024) Second quarter 2025 results: ₹5.64 loss per share (down from ₹2.25 profit in 2Q 2024). Revenue: ₹461.8m (up 6.6% from 2Q 2024). Net loss: ₹22.7m (down 350% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 133 percentage points per year, which is a significant difference in performance. Announcement • Nov 06
Inducto Steels Limited to Report Q2, 2025 Results on Nov 14, 2024 Inducto Steels Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Oct 23
Inducto Steels Limited Announces Resignation of Dilip Kaushik as Chief Financial Officer, Effective October 31, 2024 Inducto Steels Limited informed that Mr. Dilip Kaushik has tendered his resignation as Chief Financial Officer (CFO) and Key Managerial Person (KMP) of the Company vide his letter dated October 21, 2024 received and accepted by the Company on October 22, 2024, due to personal reasons. His last working day with the Company will be October 31, 2024. Announcement • Sep 16
Inducto Steels Limited, Annual General Meeting, Sep 30, 2024 Inducto Steels Limited, Annual General Meeting, Sep 30, 2024, at 10:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹2.28 loss per share (vs ₹1.74 loss in 1Q 2024) First quarter 2025 results: ₹2.28 loss per share (further deteriorated from ₹1.74 loss in 1Q 2024). Revenue: ₹389.2m (up 119% from 1Q 2024). Net loss: ₹9.18m (loss widened 31% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings. Announcement • Aug 05
Inducto Steels Limited to Report Q1, 2025 Results on Aug 14, 2024 Inducto Steels Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 14, 2024 New Risk • Jun 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 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 Risk Market cap is less than US$10m (₹257.3m market cap, or US$3.08m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Jun 07
Full year 2024 earnings released: EPS: ₹0.40 (vs ₹1.44 in FY 2023) Full year 2024 results: EPS: ₹0.40 (down from ₹1.44 in FY 2023). Revenue: ₹1.04b (up 16% from FY 2023). Net income: ₹1.61m (down 72% from FY 2023). Profit margin: 0.2% (down from 0.6% 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 6% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹54.28, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 28x in the Commercial Services industry in India. Total returns to shareholders of 177% over the past three years. Announcement • May 23
Inducto Steels Limited to Report Q4, 2024 Results on May 30, 2024 Inducto Steels Limited announced that they will report Q4, 2024 results on May 30, 2024 Reported Earnings • Feb 27
Third quarter 2024 earnings released: EPS: ₹0.31 (vs ₹0.39 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.31 (down from ₹0.39 in 3Q 2023). Revenue: ₹223.9m (down 43% from 3Q 2023). Net income: ₹1.24m (down 21% from 3Q 2023). Profit margin: 0.6% (up from 0.4% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹72.40, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 31x in the Commercial Services industry in India. Total returns to shareholders of 315% over the past three years. Announcement • Feb 02
Inducto Steels Limited to Report Q3, 2024 Results on Feb 12, 2024 Inducto Steels Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹2.25 (vs ₹0.43 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹2.25 (up from ₹0.43 loss in 2Q 2023). Revenue: ₹436.2m (up ₹384.3m from 2Q 2023). Net income: ₹9.06m (up ₹10.8m from 2Q 2023). Profit margin: 2.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 09
Inducto Steels Limited, Annual General Meeting, Sep 30, 2023 Inducto Steels Limited, Annual General Meeting, Sep 30, 2023, at 10:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Statutory Auditors thereon and the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the Reports of the Statutory Auditors thereon; and to appoint a Director in place of Mrs. Sweety Reniwal (DIN: 00041853), who retires by rotation and being eligible, offers herself for re-appointment. Reported Earnings • Aug 16
First quarter 2024 earnings released: ₹1.74 loss per share (vs ₹0.72 profit in 1Q 2023) First quarter 2024 results: ₹1.74 loss per share (down from ₹0.72 profit in 1Q 2023). Revenue: ₹190.4m (down 38% from 1Q 2023). Net loss: ₹7.00m (down 341% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹37.91, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 27x in the Commercial Services industry in India. Total returns to shareholders of 192% over the past three years. Announcement • Aug 06
Inducto Steels Limited to Report Q1, 2024 Results on Aug 14, 2023 Inducto Steels Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹1.44 (vs ₹5.62 in FY 2022) Full year 2023 results: EPS: ₹1.44 (down from ₹5.62 in FY 2022). Revenue: ₹905.8m (up 58% from FY 2022). Net income: ₹5.77m (down 75% from FY 2022). Profit margin: 0.6% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹37.26, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 24x in the Commercial Services industry in India. Total returns to shareholders of 180% 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 ₹28.00, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 22x in the Commercial Services industry in India. Total returns to shareholders of 129% over the past three years. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: ₹0.39 (vs ₹0.15 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.39 (up from ₹0.15 loss in 3Q 2022). Revenue: ₹404.4m (up ₹360.1m from 3Q 2022). Net income: ₹1.56m (up ₹2.18m from 3Q 2022). Profit margin: 0.4% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
Inducto Steels Limited to Report Q3, 2023 Results on Feb 14, 2023 Inducto Steels Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹35.30, the stock trades at a trailing P/E ratio of 50.6x. Average trailing P/E is 26x in the Commercial Services industry in India. Total returns to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹33.85, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 27x in the Commercial Services industry in India. Total returns to shareholders of 72% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent & Non-Executive Director Bhushanlal Behl was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 12
Inducto Steels Limited to Report Q2, 2023 Results on Nov 14, 2022 Inducto Steels Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 18% share price gain to ₹40.90, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 26x in the Commercial Services industry in India. Total returns to shareholders of 133% over the past three years. Announcement • Sep 09
Inducto Steels Limited, Annual General Meeting, Sep 30, 2022 Inducto Steels Limited, Annual General Meeting, Sep 30, 2022, at 10:00 Indian Standard Time. Agenda: To consider Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and Statutory Auditors thereon; to consider and appoint a Director in place of Mrs. Sweety Reniwal who retires by rotation and being eligible, offers herself for re-appointment; to consider and appoint M/s. S. N. Shah & Associates, Chartered Accountants as the Joint Statutory Auditor of the Company; to consider and re-appoint M/s. L S M & Co., Chartered Accountants as the Joint Statutory Auditor of the Company; and to consider other matter also. Reported Earnings • Aug 18
First quarter 2023 earnings released: EPS: ₹0.72 (vs ₹5.15 in 1Q 2022) First quarter 2023 results: EPS: ₹0.72 (down from ₹5.15 in 1Q 2022). Revenue: ₹308.2m (up 423% from 1Q 2022). Net income: ₹2.90m (down 86% from 1Q 2022). Profit margin: 0.9% (down from 35% 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 54% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Aug 07
Inducto Steels Limited to Report Q1, 2023 Results on Aug 13, 2022 Inducto Steels Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 24% share price gain to ₹33.60, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 19x in the Commercial Services industry in India. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹29.25, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 19x in the Commercial Services industry in India. Total returns to shareholders of 125% over the past three years. Announcement • May 22
Inducto Steels Limited to Report Q4, 2022 Results on May 30, 2022 Inducto Steels Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
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. 3 experienced directors. 1 highly experienced director. Independent & Non-Executive Director Bhushanlal Behl was the last director to join the board, commencing their role in 2010. 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 • Apr 12
Investor sentiment improved over the past week After last week's 17% share price gain to ₹36.90, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 25x in the Commercial Services industry in India. Total returns to shareholders of 175% over the past three years. Announcement • Feb 08
Inducto Steels Limited to Report Q3, 2022 Results on Feb 14, 2022 Inducto Steels Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₹24.30, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 24x in the Commercial Services industry in India. Total returns to shareholders of 94% over the past three years. Board Change • Oct 08
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. 3 experienced directors. 1 highly experienced director. Independent & Non-Executive Director Bhushanlal Behl was the last director to join the board, commencing their role in 2010. 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 • Sep 02
Investor sentiment improved over the past week After last week's 15% share price gain to ₹24.25, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 19x in the Commercial Services industry in India. Total returns to shareholders of 40% over the past three years. Reported Earnings • Jul 04
Full year 2021 earnings released: ₹3.46 loss per share (vs ₹0.43 profit in FY 2020) Full year 2021 results: Net loss: ₹13.9m (down ₹15.6m from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹19.60, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 17x in the Commercial Services industry in India. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 20% share price gain to ₹27.85, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 17x in the Commercial Services industry in India. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 20% share price gain to ₹20.35, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 15x in the Commercial Services industry in India. Total loss to shareholders of 23% over the past three years. Executive Departure • Mar 26
Company Secretary & Compliance Officer has left the company On the 19th of March, Rupali Somani's tenure as Company Secretary & Compliance Officer ended after 1.4 years in the role. We don't have any record of a personal shareholding under Rupali's name. Rupali is the only executive to leave the company over the last 12 months. Announcement • Mar 21
Inducto Steels Limited Announces Resignation of Rupall Rajkumar Somani as Company Secretary and Compliance Officer Inducto Steels Limited announced that at its board meeting held on March 19, 2021, it has approved the resignation of Ms. Rupall Rajkumar Somani from the post of Company Secretary and Compliance Officer of the company with effect from the close of business hours of March 19, 2021. Is New 90 Day High Low • Mar 08
New 90-day low: ₹14.60 The company is down 26% from its price of ₹19.60 on 08 December 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹14.60, the stock is trading at a trailing P/E ratio of 8.4x, down from the previous P/E ratio of 10x. This compares to an average P/E of 14x in the Commercial Services industry in India. Total return to shareholders over the past three years is a loss of 42%. Reported Earnings • Feb 20
Third quarter 2021 earnings released: EPS ₹0.80 (vs ₹1.64 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹27.8m (down 76% from 3Q 2020). Net income: ₹3.21m (up ₹9.78m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Feb 06
Inducto Steels Limited to Report Q3, 2021 Results on Feb 13, 2021 Inducto Steels Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Jan 04
New 90-day low: ₹15.45 The company is down 15% from its price of ₹18.10 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 9.0% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: ₹0.26 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: ₹319.0k (down 100% from 2Q 2020). Net loss: ₹1.05m (down 234% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Nov 03
Inducto Steels Limited to Report Q2, 2021 Results on Nov 11, 2020 Inducto Steels Limited announced that they will report Q2, 2021 results on Nov 11, 2020 Is New 90 Day High Low • Oct 19
New 90-day high: ₹19.80 The company is up 64% from its price of ₹12.11 on 21 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 3.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day high: ₹14.99 The company is up 15% from its price of ₹13.07 on 30 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 1.0% over the same period. Announcement • Sep 09
Inducto Steels Limited to Report Q1, 2021 Results on Sep 15, 2020 Inducto Steels Limited announced that they will report Q1, 2021 results on Sep 15, 2020 
