Announcement • Aug 01
Ashnoor Textile Mills Limited to Report Q1, 2027 Results on Aug 12, 2026 Ashnoor Textile Mills Limited announced that they will report Q1, 2027 results on Aug 12, 2026 Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹5.32 (vs ₹10.02 in FY 2025) Full year 2026 results: EPS: ₹5.32 (down from ₹10.02 in FY 2025). Revenue: ₹1.16b (down 35% from FY 2025). Net income: ₹84.8m (down 47% from FY 2025). Profit margin: 7.3% (down from 8.9% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Ashnoor Textile Mills Limited to Report Q4, 2026 Results on May 25, 2026 Ashnoor Textile Mills Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 25, 2026 New Risk • Apr 01
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 (₹603.7m market cap, or US$6.47m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.6% net profit margin). New Risk • Feb 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.6% Last year net profit margin: 9.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹680.6m market cap, or US$7.50m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.6% net profit margin). Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹0.35 (vs ₹1.87 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.35 (down from ₹1.87 in 3Q 2025). Revenue: ₹224.1m (down 48% from 3Q 2025). Net income: ₹5.54m (down 81% from 3Q 2025). Profit margin: 2.5% (down from 6.9% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Ashnoor Textile Mills Limited to Report Q3, 2026 Results on Feb 11, 2026 Ashnoor Textile Mills Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 11, 2026 Announcement • Nov 04
Ashnoor Textile Mills Limited to Report Q2, 2026 Results on Nov 12, 2025 Ashnoor Textile Mills Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 12, 2025 Announcement • Sep 05
Ashnoor Textile Mills Limited, Annual General Meeting, Sep 29, 2025 Ashnoor Textile Mills Limited, Annual General Meeting, Sep 29, 2025, at 16:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹2.91 (vs ₹2.92 in 1Q 2025) First quarter 2026 results: EPS: ₹2.91 (down from ₹2.92 in 1Q 2025). Revenue: ₹420.7m (down 15% from 1Q 2025). Net income: ₹46.4m (flat on 1Q 2025). Profit margin: 11% (up from 9.4% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 06
Ashnoor Textile Mills Limited to Report Q1, 2026 Results on Aug 13, 2025 Ashnoor Textile Mills Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹10.02 (vs ₹5.83 in FY 2024) Full year 2025 results: EPS: ₹10.02 (up from ₹5.83 in FY 2024). Revenue: ₹1.84b (up 43% from FY 2024). Net income: ₹159.6m (up 115% from FY 2024). Profit margin: 8.7% (up from 5.8% in FY 2024). The increase in margin was 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 only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Ashnoor Textile Mills Limited to Report Q4, 2025 Results on May 29, 2025 Ashnoor Textile Mills Limited announced that they will report Q4, 2025 results on May 29, 2025 New Risk • Feb 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹841.1m (US$9.68m) 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 Risk Market cap is less than US$10m (₹841.1m market cap, or US$9.68m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹1.87 (vs ₹0.82 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.87 (up from ₹0.82 in 3Q 2024). Revenue: ₹431.5m (up 40% from 3Q 2024). Net income: ₹29.8m (up 186% from 3Q 2024). Profit margin: 6.9% (up from 3.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Feb 04
Ashnoor Textile Mills Limited to Report Q3, 2025 Results on Feb 14, 2025 Ashnoor Textile Mills Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Feb 14, 2025 Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹76.30, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 29x in the Luxury industry in India. Total loss to shareholders of 5.6% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹54.70, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 28x in the Luxury industry in India. Total loss to shareholders of 15% over the past three years. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹4.27 (vs ₹1.21 in 2Q 2024) Second quarter 2025 results: EPS: ₹4.27 (up from ₹1.21 in 2Q 2024). Revenue: ₹477.9m (up 54% from 2Q 2024). Net income: ₹68.1m (up 343% from 2Q 2024). Profit margin: 14% (up from 5.0% in 2Q 2024). 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 9% per year, which means it is significantly lagging earnings. Announcement • Nov 05
Ashnoor Textile Mills Limited to Report Q2, 2025 Results on Nov 13, 2024 Ashnoor Textile Mills Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Buy Or Sell Opportunity • Oct 31
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₹46.50. The fair value is estimated to be ₹38.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Oct 08
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₹48.28. The fair value is estimated to be ₹39.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years, while earnings per share has been flat. Announcement • Oct 05
Ashnoor Textile Mills Limited Appoints Ms. Noor Gupta as Whole Time Director Ashnoor Textile Mills Limited announced that at its AGM held on September 30, 2024, shareholders approved the appointment of Ms. Noor Gupta as Whole Time Director for a period of three years effective from September 1, 2024, and fix her remuneration. Buy Or Sell Opportunity • Sep 12
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to ₹48.45. The fair value is estimated to be ₹39.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years, while earnings per share has been flat. Announcement • Sep 06
Ashnoor Textile Mills Limited, Annual General Meeting, Sep 30, 2024 Ashnoor Textile Mills Limited, Annual General Meeting, Sep 30, 2024, at 16:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹57.23, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 86% over the past three years. Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: ₹2.92 (vs ₹1.89 in 1Q 2024) First quarter 2025 results: EPS: ₹2.92 (up from ₹1.89 in 1Q 2024). Revenue: ₹497.1m (up 56% from 1Q 2024). Net income: ₹46.5m (up 94% from 1Q 2024). Profit margin: 9.4% (up from 7.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Aug 02
Ashnoor Textile Mills Limited to Report Q1, 2025 Results on Aug 12, 2024 Ashnoor Textile Mills Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹37.78, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 26x in the Luxury industry in India. Total returns to shareholders of 118% over the past three years. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹5.83 (vs ₹4.81 in FY 2023) Full year 2024 results: EPS: ₹5.83 (up from ₹4.81 in FY 2023). Revenue: ₹1.36b (down 23% from FY 2023). Net income: ₹74.4m (up 21% from FY 2023). Profit margin: 5.5% (up from 3.5% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. New Risk • Jun 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (₹647.0m market cap, or US$7.74m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Announcement • May 30
Ashnoor Textile Mills Limited Announces Resignation of Abhinav Gupta as Whole Time Director, Effective from May 31, 2024 Ashnoor Textile Mills Limited informed that Mr. Abhinav Gupta has tendered his resignation from office of Whole Time Director of the Company due to personal reason and the Board has accepted his resignation of effective from May 31, 2024. However, he will continue Director of the Company. New Risk • May 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (₹753.6m market cap, or US$9.04m). Minor Risks High level of debt (84% net debt to equity). Shareholders have been diluted in the past year (25% increase in shares outstanding). Announcement • May 26
Ashnoor Textile Mills Limited to Report Q4, 2024 Results on May 30, 2024 Ashnoor Textile Mills Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to ₹56.96, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 349% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹56.05, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 287% over the past three years. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹0.82 (vs ₹0.28 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.82 (up from ₹0.28 in 3Q 2023). Revenue: ₹308.7m (up 31% from 3Q 2023). Net income: ₹10.4m (up 196% from 3Q 2023). Profit margin: 3.4% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue. 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 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
Ashnoor Textile Mills Limited to Report Q3, 2024 Results on Feb 13, 2024 Ashnoor Textile Mills Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹50.02, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 26x in the Luxury industry in India. Total returns to shareholders of 374% over the past three years. Reported Earnings • Oct 27
Second quarter 2024 earnings released: EPS: ₹1.21 (vs ₹0.85 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.21 (up from ₹0.85 in 2Q 2023). Revenue: ₹328.8m (down 26% from 2Q 2023). Net income: ₹15.4m (up 42% from 2Q 2023). Profit margin: 4.7% (up from 2.5% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 13
Ashnoor Textile Mills Limited to Report Q2, 2024 Results on Oct 25, 2023 Ashnoor Textile Mills Limited announced that they will report Q2, 2024 results on Oct 25, 2023 Announcement • Aug 10
Ashnoor Textile Mills Limited to Report Q1, 2024 Results on Aug 14, 2023 Ashnoor Textile Mills Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 14, 2023 Reported Earnings • Aug 08
Full year 2023 earnings released: EPS: ₹4.81 (vs ₹7.03 in FY 2022) Full year 2023 results: EPS: ₹4.81 (down from ₹7.03 in FY 2022). Revenue: ₹1.77b (down 32% from FY 2022). Net income: ₹61.2m (down 32% from FY 2022). Profit margin: 3.5% (up from 3.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
Ashnoor Textile Mills Limited, Annual General Meeting, Aug 28, 2023 Ashnoor Textile Mills Limited, Annual General Meeting, Aug 28, 2023, at 16:00 Indian Standard Time. Agenda: To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the financial year ended March 31, 2023, the Report of the Board of Directors' and the Auditors' thereon; to appoint Ms. Noor Gupta (DIN-03611790) who retires by rotation as a Director and, being eligible, offers herself for re-appointment; and to consider other matters. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹4.80 (vs ₹7.03 in FY 2022) Full year 2023 results: EPS: ₹4.80 (down from ₹7.03 in FY 2022). Revenue: ₹1.78b (down 32% from FY 2022). Net income: ₹61.2m (down 32% from FY 2022). Profit margin: 3.4% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹0.28 (vs ₹2.06 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.28 (down from ₹2.06 in 3Q 2022). Revenue: ₹235.5m (down 68% from 3Q 2022). Net income: ₹3.52m (down 87% from 3Q 2022). Profit margin: 1.5% (down from 3.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹0.85 (vs ₹2.01 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.85 (down from ₹2.01 in 2Q 2022). Revenue: ₹446.2m (down 29% from 2Q 2022). Net income: ₹10.9m (down 58% from 2Q 2022). Profit margin: 2.4% (down from 4.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
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. 4 experienced directors. 3 highly experienced directors. Independent Non Executive Director Naresh Aggarwal 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 • Aug 11
First quarter 2023 earnings released: EPS: ₹1.23 (vs ₹1.87 in 1Q 2022) First quarter 2023 results: EPS: ₹1.23 (down from ₹1.87 in 1Q 2022). Revenue: ₹737.5m (up 52% from 1Q 2022). Net income: ₹15.7m (down 34% from 1Q 2022). Profit margin: 2.1% (down from 4.9% 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 33% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₹45.50, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 217% over the past three years. Reported Earnings • Jun 05
Full year 2022 earnings released: EPS: ₹7.02 (vs ₹4.25 in FY 2021) Full year 2022 results: EPS: ₹7.02 (up from ₹4.25 in FY 2021). Revenue: ₹2.62b (up 122% from FY 2021). Net income: ₹89.6m (up 65% from FY 2021). Profit margin: 3.4% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 21
Ashnoor Textile Mills Limited to Report Q4, 2022 Results on May 30, 2022 Ashnoor Textile Mills Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Non Executive Director Naresh Aggarwal was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 18% share price gain to ₹66.50, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 291% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹53.10, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 268% over the past three years. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.06 (up from ₹0.94 in 3Q 2021). Revenue: ₹731.8m (up 75% from 3Q 2021). Net income: ₹26.3m (up 120% from 3Q 2021). Profit margin: 3.6% (up from 2.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 15% share price gain to ₹82.40, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 324% over the past three years. Board Change • Dec 06
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. 4 experienced directors. 3 highly experienced directors. Independent Non Executive Director Naresh Aggarwal was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 20% share price gain to ₹62.45, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 183% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 18% share price gain to ₹50.25, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 124% over the past three years. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹1.87 (vs ₹0.51 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹489.5m (up 203% from 1Q 2021). Net income: ₹23.8m (up 265% from 1Q 2021). Profit margin: 4.9% (up from 4.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 21% share price gain to ₹40.00, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 21% share price gain to ₹33.10, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 70% 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 27% share price gain to ₹25.70, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 25% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹4.25 (vs ₹2.54 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: ₹1.18b (down 14% from FY 2020). Net income: ₹54.2m (up 68% from FY 2020). Profit margin: 4.6% (up from 2.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₹17.29, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 23% over the past three years. Is New 90 Day High Low • Mar 09
New 90-day high: ₹16.40 The company is up 5.0% from its price of ₹15.56 on 09 December 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 12% over the same period. Announcement • Feb 28
Ashnoor Textile Mills Limited Announces Appointment of Naresh Kumar Aggarwal as Independent Non-Executive Director Ashnoor Textile Mills Limited announced that appointment of Mr. Naresh Kumar Aggarwal as independent non-executive director on the board of the company effective from February 27, 2021. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹0.94 (vs ₹0.90 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ₹418.8m (up 29% from 3Q 2020). Net income: ₹12.0m (up 6.4% from 3Q 2020). Profit margin: 2.9% (down from 3.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Feb 04
Ashnoor Textile Mills Limited to Report Q3, 2021 Results on Feb 11, 2021 Ashnoor Textile Mills Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 18% share price gain to ₹16.37, the stock is trading at a trailing P/E ratio of 8.8x, up from the previous P/E ratio of 7.5x. This compares to an average P/E of 17x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 36%. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 17% share price gain to ₹14.23, the stock is trading at a trailing P/E ratio of 7.6x, up from the previous P/E ratio of 6.5x. This compares to an average P/E of 16x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 39%. Is New 90 Day High Low • Nov 26
New 90-day high: ₹13.56 The company is up 26% from its price of ₹10.72 on 28 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 20% share price gain to ₹12.70, the stock is trading at a trailing P/E ratio of 6.8x, up from the previous P/E ratio of 5.7x. This compares to an average P/E of 16x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 34%. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 21% share price gain to ₹11.63, the stock is trading at a trailing P/E ratio of 6.2x, up from the previous P/E ratio of 5.2x. This compares to an average P/E of 16x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 37%. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹1.02 The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ₹166.3m (down 47% from 2Q 2020). Net income: ₹13.0m (down 15% from 2Q 2020). Profit margin: 7.8% (up from 4.9% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Sep 06
Ashnoor Textile Mills Limited to Report Q1, 2021 Results on Sep 09, 2020 Ashnoor Textile Mills Limited announced that they will report Q1, 2021 results on Sep 09, 2020 Announcement • Jul 17
Ashnoor Textile Mills Limited Provides Earnings Guidance for the First Quarter Ended June 2020, Second Quarter and Full Year of the Fiscal 2021 Ashnoor Textile Mills Limited provided earnings guidance for the first quarter ended June 2020, second quarter and full year of the fiscal 2021. The profitability of the business will be adversely impacted in the first quarter ended June and will be subdued in the second quarter also. The same will be moving towards normalcy in the second half so that the full year will show less than normal profits but there should not be losses. 
