Reported Earnings • Feb 13
Third quarter 2026 earnings released: ₹6.31 loss per share (vs ₹0.20 loss in 3Q 2025) Third quarter 2026 results: ₹6.31 loss per share (further deteriorated from ₹0.20 loss in 3Q 2025). Net loss: ₹26.7m (loss widened ₹25.9m from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
Prashant India Ltd. to Report Q3, 2026 Results on Feb 11, 2026 Prashant India Ltd. announced that they will report Q3, 2026 results on Feb 11, 2026 New Risk • Nov 24
New minor risk - Financial position The company has negative equity. Total equity: -₹232m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-₹232m). High level of non-cash earnings (88% accrual ratio). Revenue is less than US$1m (₹402k revenue, or US$4.5k). Market cap is less than US$10m (₹67.8m market cap, or US$756.3k). Minor Risk Announcement • Nov 12
Prashant India Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Prashant India Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Aug 18
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 (-₹333m). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m (₹1.3m revenue, or US$15k). Market cap is less than US$10m (₹53.5m market cap, or US$612.8k). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Announcement • Aug 09
Prashant India Ltd. to Report Q1, 2026 Results on Aug 14, 2025 Prashant India Ltd. announced that they will report Q1, 2026 results on Aug 14, 2025 Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Non-Independent Director Haribhai Malavia was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 02
Prashant India Ltd. Approves Board Appointments Prashant India Limited at its AGM held on June 28, 2025 approved appointment of Mr. Hiren Hasmukh Shah as an Independent Director of the Company for a period of 5 (Five) years; appointment of Mrs. Nishtha Harivanshi Pamnani as an Independent Director of the Company for a period of5 (Five) years; Appointment of Mr. Haribhai Becharbhai Malvia as Non-Executive Non Independent Director. Announcement • Jun 02
Prashant India Ltd., Annual General Meeting, Jun 28, 2025 Prashant India Ltd., Annual General Meeting, Jun 28, 2025, at 12:00 Indian Standard Time. Reported Earnings • May 30
Full year 2025 earnings released: ₹0.47 loss per share (vs ₹0.85 loss in FY 2024) Full year 2025 results: ₹0.47 loss per share (improved from ₹0.85 loss in FY 2024). Net loss: ₹2.00m (loss narrowed 44% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 25
Prashant India Ltd. to Report Q4, 2025 Results on May 28, 2025 Prashant India Ltd. announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 28, 2025 Reported Earnings • Feb 17
Third quarter 2025 earnings released: ₹0.20 loss per share (vs ₹0.04 loss in 3Q 2024) Third quarter 2025 results: ₹0.20 loss per share (further deteriorated from ₹0.04 loss in 3Q 2024). Revenue: ₹530.0k (up 26% from 3Q 2024). Net loss: ₹852.0k (loss widened 351% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings. Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹0.20 loss per share (vs ₹0.04 loss in 3Q 2024) Third quarter 2025 results: ₹0.20 loss per share (further deteriorated from ₹0.04 loss in 3Q 2024). Revenue: ₹530.0k (up 26% from 3Q 2024). Net loss: ₹852.0k (loss widened 351% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Announcement • Feb 05
Prashant India Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Prashant India Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.06 (vs ₹0.12 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.06 (up from ₹0.12 loss in 2Q 2024). Revenue: ₹1.19m (up 111% from 2Q 2024). Net income: ₹271.0k (up ₹797.0k from 2Q 2024). Profit margin: 23% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 86% per year, which means it is well ahead of earnings. Announcement • Nov 08
Prashant India Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Prashant India Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Aug 27
Prashant India Ltd., Annual General Meeting, Sep 30, 2024 Prashant India Ltd., Annual General Meeting, Sep 30, 2024, at 11:30 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹0.26 loss per share (vs ₹0.36 loss in 1Q 2024) First quarter 2025 results: ₹0.26 loss per share (improved from ₹0.36 loss in 1Q 2024). Revenue: ₹532.0k (down 63% from 1Q 2024). Net loss: ₹1.09m (loss narrowed 29% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 190 percentage points per year, which is a significant difference in performance. Announcement • Aug 06
Prashant India Ltd. to Report Q1, 2025 Results on Aug 14, 2024 Prashant India Ltd. announced that they will report Q1, 2025 results on Aug 14, 2024 Board Change • Jun 10
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. 1 experienced director. 3 highly experienced directors. Women Independent Director Shobhaben Dudhat was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 23
Prashant India Ltd. to Report Q4, 2024 Results on May 30, 2024 Prashant India Ltd. announced that they will report Q4, 2024 results on May 30, 2024 New Risk • Apr 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 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 Less than 1 year of cash runway based on free cash flow trend (-₹3.8m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Negative equity (-₹329m). Earnings have declined by 80% per year over the past 5 years. Revenue is less than US$1m (₹4.6m revenue, or US$55k). Market cap is less than US$10m (₹57.3m market cap, or US$688.7k). Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹0.04 loss per share (vs ₹0.12 profit in 3Q 2023) Third quarter 2024 results: ₹0.04 loss per share (down from ₹0.12 profit in 3Q 2023). Revenue: ₹722.0k (down 81% from 3Q 2023). Net loss: ₹189.0k (down 137% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 218 percentage points per year, which is a significant difference in performance. Board Change • Dec 07
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. 1 experienced director. 3 highly experienced directors. Women Independent Director Shobhaben Dudhat was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 22
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-₹3.7m free cash flow). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Negative equity (-₹329m). Earnings have declined by 87% per year over the past 5 years. Revenue is less than US$1m (₹6.6m revenue, or US$79k). Market cap is less than US$10m (₹56.2m market cap, or US$674.8k). Board Change • Nov 13
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. 1 experienced director. 3 highly experienced directors. Women Independent Director Shobhaben Dudhat was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 08
Prashant India Ltd., Annual General Meeting, Sep 15, 2023 Prashant India Ltd., Annual General Meeting, Sep 15, 2023. Reported Earnings • Aug 08
First quarter 2024 earnings released: ₹0.36 loss per share (vs ₹0.21 loss in 1Q 2023) First quarter 2024 results: ₹0.36 loss per share (further deteriorated from ₹0.21 loss in 1Q 2023). Revenue: ₹1.79m (down 30% from 1Q 2023). Net loss: ₹1.53m (loss widened 69% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 98% per year, which means it is well ahead of earnings. Announcement • Jul 29
Prashant India Ltd. to Report Q1, 2024 Results on Aug 07, 2023 Prashant India Ltd. announced that they will report Q1, 2024 results on Aug 07, 2023 Board Change • Jun 26
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. 1 experienced director. 3 highly experienced directors. Women Independent Director Shobhaben Dudhat was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 09
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. 1 experienced director. 3 highly experienced directors. Women Independent Director Shobhaben Dudhat was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
Full year 2023 earnings released: ₹0.58 loss per share (vs ₹0.37 loss in FY 2022) Full year 2023 results: ₹0.58 loss per share (further deteriorated from ₹0.37 loss in FY 2022). Revenue: ₹10.4m (flat on FY 2022). Net loss: ₹2.44m (loss widened 55% from FY 2022). Announcement • May 20
Prashant India Ltd. to Report Q4, 2023 Results on May 30, 2023 Prashant India Ltd. announced that they will report Q4, 2023 results on May 30, 2023 Board Change • May 02
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. 1 experienced director. 3 highly experienced directors. Women Independent Director Shobhaben Dudhat was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: ₹0.12 (vs ₹0.17 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.12 (up from ₹0.17 loss in 3Q 2022). Revenue: ₹3.89m (up 40% from 3Q 2022). Net income: ₹518.0k (up ₹1.23m from 3Q 2022). Profit margin: 13% (up from net loss in 3Q 2022). Announcement • Jan 25
Prashant India Ltd. to Report Q3, 2023 Results on Feb 03, 2023 Prashant India Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Jan 17
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. 1 experienced director. 3 highly experienced directors. Women Independent Director Shobhaben Dudhat was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 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. 1 experienced director. 3 highly experienced directors. Women Independent Director Shobhaben Dudhat was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 03
Prashant India Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Prashant India Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Announcement • Sep 17
Prashant India Ltd. Announces Change in Designation of Mr. Harsukhbhai Mohanbhai Gondalia from Whole Time Director to Non-Executive Non-Independent Director Prashant India Ltd. announced that at its Members of the Company at its 39 Annual General Meeting held on 15 September, 2022 have considered and approved the change in designation of Mr. Harsukhbhai Mohanbhai Gondalia from Whole Time Director to Non-Executive Non-Independent Director with effect from 15 September, 2022. Announcement • Aug 13
Prashant India Ltd., Annual General Meeting, Sep 15, 2022 Prashant India Ltd., Annual General Meeting, Sep 15, 2022. Board Change • Jul 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Women Independent Director Shobhaben Dudhat was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Women Independent Director Shobhaben Dudhat was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 21
Prashant India Ltd. to Report Q4, 2022 Results on May 30, 2022 Prashant India Ltd. announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Women Independent Director Shobhaben Dudhat was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.17 loss per share (down from ₹0.05 loss in 3Q 2021). Revenue: ₹2.78m (down 16% from 3Q 2021). Net loss: ₹715.0k (loss widened 231% from 3Q 2021). Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 21% share price gain to ₹2.98, the stock trades at a trailing P/E ratio of 56.4x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 195% over the past year. Announcement • Feb 03
Prashant India Ltd. to Report Q3, 2022 Results on Feb 10, 2022 Prashant India Ltd. announced that they will report Q3, 2022 results on Feb 10, 2022 Board Change • Dec 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Women Independent Director Shobhaben Dudhat was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 02
Less than half of directors are independent 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. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Women Independent Director Shobhaben Dudhat was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 15
Third quarter 2021 earnings released: ₹0.05 loss per share (vs ₹0.09 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: ₹3.40m (down 13% from 3Q 2020). Net loss: ₹216.0k (loss narrowed 41% from 3Q 2020). Announcement • Feb 03
Prashant India Ltd. to Report Q3, 2021 Results on Feb 11, 2021 Prashant India Ltd. announced that they will report Q3, 2021 results on Feb 11, 2021 Announcement • Aug 06
Prashant India Ltd. to Report Q1, 2021 Results on Aug 13, 2020 Prashant India Ltd. announced that they will report Q1, 2021 results on Aug 13, 2020