Announcement • Jun 05
Indiabulls Limited announced that it expects to receive INR 2.500175 billion in funding from Phanes Limited, Hermes Limited, Ebisu Global Opportunities Fund Limited, Nyasa Capital Advisors LLP Indiabulls Limited announced private placement to issue 515,500,000 pre- paid convertible warrants at an issue price of INR 4.85 for gross proceeds of INR 2,500,175,000 on June 3, 2026. The transaction includes participation from new investor Phanes Limited for 225,250,000 warrants, Hermes Limited for 140,250,000 warrants, EBISU Global Opportunities Fund Limited for 100,000,000 warrants, Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund for 50,000,000 warrants. Each of the Warrants is convertible into 1 fully paid-up equity share of the Company and may be exercised in one or more tranches at an exercise price of INR 14.55 within a period of 18 months from the date of allotment of Warrants. Warrants convertible into equivalent number of fully paid-up equity shares of the Company. The transaction is approved by board of directors of the company and is subject to approval of shareholders in the Extra-ordinary General Meeting of the shareholders of the Company to be held on July 2, 2026, and is subject to receipt of necessary approvals under applicable laws. The company will issue warrants on preferential basis. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹20.09, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 20x in the Commercial Services industry in India. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹19.73, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 20x in the Commercial Services industry in India. Total returns to shareholders of 35% over the past three years. New Risk • Apr 13
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 10% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Shareholders have been substantially diluted in the past year (over 22x increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹10.81, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 17x in the Commercial Services industry in India. Total loss to shareholders of 26% over the past three years. Announcement • Jan 29
Indiabulls Limited to Report Q3, 2026 Results on Feb 02, 2026 Indiabulls Limited announced that they will report Q3, 2026 results on Feb 02, 2026 New Risk • Nov 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 22x increase in shares outstanding. 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. This is currently the only risk that has been identified for the company. Announcement • Oct 28
Indiabulls Limited to Report Q2, 2026 Results on Oct 31, 2025 Indiabulls Limited announced that they will report Q2, 2026 results on Oct 31, 2025 New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% 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 Negative equity (-₹2.8b). Revenue is less than US$1m (₹300k revenue, or US$3.4k). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (₹1.86b market cap, or US$21.1m). Board Change • Sep 04
High number of new directors Independent Director Surina Rajan was the last director to join the board, commencing their role in 2025. Announcement • Aug 25
Yaari Digital Integrated Services Limited, Annual General Meeting, Sep 25, 2025 Yaari Digital Integrated Services Limited, Annual General Meeting, Sep 25, 2025, at 11:30 Indian Standard Time. Announcement • Jul 14
Yaari Digital Integrated Services Limited to Report Q1, 2026 Results on Jul 18, 2025 Yaari Digital Integrated Services Limited announced that they will report Q1, 2026 results on Jul 18, 2025 Buy Or Sell Opportunity • Jul 09
Now 20% undervalued Over the last 90 days, the stock has risen 9.5% to ₹16.21. The fair value is estimated to be ₹20.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 105% over the last 3 years. Earnings per share has declined by 19%. Buy Or Sell Opportunity • Apr 28
Now 20% undervalued Over the last 90 days, the stock has risen 5.4% to ₹14.22. The fair value is estimated to be ₹17.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 105% over the last 3 years. Earnings per share has declined by 19%. Announcement • Apr 15
Yaari Digital Integrated Services Limited to Report Q4, 2025 Results on Apr 18, 2025 Yaari Digital Integrated Services Limited announced that they will report Q4, 2025 results at 12:08 PM, Indian Standard Time on Apr 18, 2025 Board Change • Apr 04
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. CEO & Whole-Time Executive Director Kubeir Khera is the most experienced director on the board, commencing their role in 2021. 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 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Market cap is less than US$100m (₹1.52b market cap, or US$17.6m). Announcement • Jan 06
Yaari Digital Integrated Services Limited to Report Q3, 2025 Results on Jan 10, 2025 Yaari Digital Integrated Services Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Jan 10, 2025 New Risk • Nov 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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹124m free cash flow). Negative equity (-₹2.3b). Revenue is less than US$1m (₹2.2m revenue, or US$26k). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹1.50b market cap, or US$17.7m). Announcement • Nov 04
Yaari Digital Integrated Services Limited to Report Q2, 2025 Results on Nov 08, 2024 Yaari Digital Integrated Services Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Announcement • Aug 29
Yaari Digital Integrated Services Limited, Annual General Meeting, Sep 26, 2024 Yaari Digital Integrated Services Limited, Annual General Meeting, Sep 26, 2024, at 11:30 Indian Standard Time. Announcement • Jul 26
Yaari Digital Integrated Services Limited to Report Q1, 2025 Results on Aug 02, 2024 Yaari Digital Integrated Services Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • May 19
Full year 2024 earnings released: ₹2.15 loss per share (vs ₹9.44 profit in FY 2023) Full year 2024 results: ₹2.15 loss per share (down from ₹9.44 profit in FY 2023). Net loss: ₹216.1m (down 123% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 03
Third quarter 2024 earnings released: ₹0.37 loss per share (vs ₹4.38 loss in 3Q 2023) Third quarter 2024 results: ₹0.37 loss per share (improved from ₹4.38 loss in 3Q 2023). Net loss: ₹36.7m (loss narrowed 92% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Announcement • Jan 26
Yaari Digital Integrated Services Limited to Report Q3, 2024 Results on Feb 02, 2024 Yaari Digital Integrated Services Limited announced that they will report Q3, 2024 results on Feb 02, 2024 New Risk • Jan 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹99m free cash flow). Negative equity (-₹2.2b). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (₹1.19b market cap, or US$14.4m). Announcement • Dec 01
Yaari Digital Integrated Services Limited Announces Resignation of Lalit Sharma as Company Secretary & Compliance Officer Yaari Digital Integrated Services Limited announced that Mr. Lalit Sharma has resigned from the post of company secretary & compliance officer designated as key managerial personnel of the company due to his personal reasons, with effect from November 30, 2023. Reported Earnings • Nov 06
Second quarter 2024 earnings released: ₹0.57 loss per share (vs ₹3.19 profit in 2Q 2023) Second quarter 2024 results: ₹0.57 loss per share (down from ₹3.19 profit in 2Q 2023). Net loss: ₹57.4m (down 118% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Announcement • Oct 29
Yaari Digital Integrated Services Limited to Report Q2, 2024 Results on Nov 03, 2023 Yaari Digital Integrated Services Limited announced that they will report Q2, 2024 results on Nov 03, 2023 New Risk • Sep 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₹113m free cash flow). Negative equity (-₹2.2b). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (₹284m revenue, or US$3.4m). Market cap is less than US$100m (₹1.09b market cap, or US$13.1m). Announcement • Sep 02
Yaari Digital Integrated Services Limited, Annual General Meeting, Sep 28, 2023 Yaari Digital Integrated Services Limited, Annual General Meeting, Sep 28, 2023, at 12:30 Indian Standard Time. New Risk • Aug 13
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹284m (US$3.4m) 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 Less than 1 year of cash runway based on free cash flow trend (-₹113m free cash flow). Negative equity (-₹2.2b). Minor Risks Revenue is less than US$5m (₹284m revenue, or US$3.4m). Market cap is less than US$100m (₹984.7m market cap, or US$11.9m). Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹0.55 loss per share (vs ₹14.99 profit in 1Q 2023) First quarter 2024 results: ₹0.55 loss per share (down from ₹14.99 profit in 1Q 2023). Net loss: ₹55.0m (down 104% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Announcement • Aug 06
Yaari Digital Integrated Services Limited to Report Q1, 2024 Results on Aug 11, 2023 Yaari Digital Integrated Services Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹12.90, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 31x in the Commercial Services industry in India. Total loss to shareholders of 64% over the past three years. Announcement • May 21
Yaari Digital Integrated Services Limited to Report Q4, 2023 Results on May 26, 2023 Yaari Digital Integrated Services Limited announced that they will report Q4, 2023 results on May 26, 2023 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹11.90, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 21x in the Commercial Services industry in India. Total loss to shareholders of 69% over the past three years. Announcement • Jan 21
Yaari Digital Integrated Services Limited to Report Q3, 2023 Results on Jan 27, 2023 Yaari Digital Integrated Services Limited announced that they will report Q3, 2023 results on Jan 27, 2023 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹20.05, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 25x in the Commercial Services industry in India. Total loss to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹26.25, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 23x in the Commercial Services industry in India. Total loss to shareholders of 67% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Executive Independent Director Praveen Tripathi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹3.19 (vs ₹3.94 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹3.19 (up from ₹3.94 loss in 2Q 2022). Revenue: ₹339.3m (down 28% from 2Q 2022). Net income: ₹322.7m (up ₹674.2m from 2Q 2022). Profit margin: 95% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Executive Independent Director Praveen Tripathi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Aishwarya Katoch was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
First quarter 2023 earnings released: EPS: ₹14.99 (vs ₹2.07 loss in 1Q 2022) First quarter 2023 results: EPS: ₹14.99 (up from ₹2.07 loss in 1Q 2022). Revenue: ₹1.58b (up 189% from 1Q 2022). Net income: ₹1.51b (up ₹1.69b from 1Q 2022). Profit margin: 95% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Board Change • Apr 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. CEO & Executive Director Kubeir Khera was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: ₹6.82 loss per share (down from ₹3.40 loss in 3Q 2021). Revenue: ₹523.1m (down 6.7% from 3Q 2021). Net loss: ₹609.2m (loss widened 100% from 3Q 2021). Revenue missed analyst estimates by 11%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 02
First quarter 2022 earnings released: ₹2.07 loss per share (vs ₹1.92 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: ₹546.4m (down 11% from 1Q 2021). Net loss: ₹184.9m (loss widened 7.7% from 1Q 2021). 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 41% per year, which means it has not declined as severely as earnings. Reported Earnings • May 10
Full year 2021 earnings released: ₹10.58 loss per share (vs ₹33.09 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₹2.47b (down 25% from FY 2020). Net loss: ₹944.8m (loss narrowed 68% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 18 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 11
New 90-day high: ₹117 The company is up 107% from its price of ₹56.55 on 13 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 19% over the same period. Reported Earnings • Jan 17
Third quarter 2021 earnings released: ₹3.40 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2021 results: Revenue: ₹560.7m (down 28% from 3Q 2020). Net loss: ₹303.8m (down 277% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 30
New 90-day high: ₹87.15 The company is up 109% from its price of ₹41.70 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 8.0% over the same period. Recent Insider Transactions • Dec 19
Insider recently sold ₹1.1m worth of stock On the 11th of December, Sudhir Khullar sold around 15k shares on-market at roughly ₹74.54 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Is New 90 Day High Low • Dec 04
New 90-day high: ₹65.30 The company is up 39% from its price of ₹46.85 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 6.0% over the same period. Reported Earnings • Nov 16
Second quarter 2021 earnings released: ₹3.94 loss per share The company reported a soft second quarter result with weaker revenues and control over expenses, though losses reduced. Second quarter 2021 results: Revenue: ₹471.7m (down 49% from 2Q 2020). Net loss: ₹352.1m (loss narrowed 36% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 22
New 90-day high: ₹56.20 The company is up 24% from its price of ₹45.50 on 24 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 2.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₹38.60 The company is down 32% from its price of ₹56.45 on 26 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 3.0% over the same period.