Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,360, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 24% over the past three years. Buy Or Sell Opportunity • Mar 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₹909. The fair value is estimated to be ₹1,166, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has grown by 3.6%. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹29.43 (vs ₹5.84 in 3Q 2025) Third quarter 2026 results: EPS: ₹29.43 (up from ₹5.84 in 3Q 2025). Revenue: ₹1.47b (up 36% from 3Q 2025). Net income: ₹172.0m (up 400% from 3Q 2025). Profit margin: 12% (up from 3.2% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • Feb 07
Cheviot Company Limited to Report Q3, 2026 Results on Feb 14, 2026 Cheviot Company Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 14, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹25.40 (vs ₹31.39 in 2Q 2025) Second quarter 2026 results: EPS: ₹25.40 (down from ₹31.39 in 2Q 2025). Revenue: ₹1.48b (up 44% from 2Q 2025). Net income: ₹148.4m (down 20% from 2Q 2025). Profit margin: 10.0% (down from 18% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Nov 04
Cheviot Company Limited to Report Q2, 2026 Results on Nov 11, 2025 Cheviot Company Limited announced that they will report Q2, 2026 results on Nov 11, 2025 New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings have declined by 0.1% 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 Risk Earnings have declined by 0.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₹7.14b market cap, or US$81.5m). Announcement • Jul 29
Cheviot Company Limited to Report Q1, 2026 Results on Aug 06, 2025 Cheviot Company Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Upcoming Dividend • Jul 24
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 31 July 2025. Payment date: 06 September 2025. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.6%). Reported Earnings • Jul 17
Full year 2025 earnings released: EPS: ₹98.08 (vs ₹115 in FY 2024) Full year 2025 results: EPS: ₹98.08 (down from ₹115 in FY 2024). Revenue: ₹4.39b (down 5.1% from FY 2024). Net income: ₹577.4m (down 17% from FY 2024). Profit margin: 13% (down from 15% in FY 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹98.08 (vs ₹115 in FY 2024) Full year 2025 results: EPS: ₹98.08 (down from ₹115 in FY 2024). Revenue: ₹4.68b (up 1.2% from FY 2024). Net income: ₹577.4m (down 17% from FY 2024). Profit margin: 12% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 19
Cheviot Company Limited to Report Q4, 2025 Results on May 26, 2025 Cheviot Company Limited announced that they will report Q4, 2025 results on May 26, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹5.84 (vs ₹29.78 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.84 (down from ₹29.78 in 3Q 2024). Revenue: ₹1.08b (up 9.8% from 3Q 2024). Net income: ₹34.4m (down 81% from 3Q 2024). Profit margin: 3.2% (down from 18% in 3Q 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Announcement • Feb 07
Cheviot Company Limited to Report Q3, 2025 Results on Feb 13, 2025 Cheviot Company Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹31.39 (vs ₹32.70 in 2Q 2024) Second quarter 2025 results: EPS: ₹31.39 (down from ₹32.70 in 2Q 2024). Revenue: ₹1.19b (down 5.0% from 2Q 2024). Net income: ₹184.8m (down 6.1% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. Announcement • Oct 31
Cheviot Company Limited to Report Q2, 2025 Results on Nov 08, 2024 Cheviot Company Limited announced that they will report Q2, 2025 results on Nov 08, 2024 New Risk • Sep 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.34b (US$99.7m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₹8.34b market cap, or US$99.7m). Announcement • Aug 09
Cheviot Company Limited Approves Dividend for the Financial Year Ended 31 March, 2024 Cheviot Company Limited announced that at the AGM held on August 9, 2024 approved dividend of INR 5/- (Rupees Five only) per ordinary share on 60,16,875 ordinary shares of face value of INR 10/- each (50%), amounting to INR 3,00,84,375/- (Rupees Three Crores Eighty-Four Thousand Three Hundred Seventy-Five only) for the financial year ended 31 March, 2024. Announcement • Jul 31
Cheviot Company Limited to Report Q1, 2025 Results on Aug 08, 2024 Cheviot Company Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • Jul 22
Full year 2024 earnings released: EPS: ₹115 (vs ₹90.51 in FY 2023) Full year 2024 results: EPS: ₹115 (up from ₹90.51 in FY 2023). Revenue: ₹4.63b (down 18% from FY 2023). Net income: ₹693.9m (up 27% from FY 2023). Profit margin: 15% (up from 9.7% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Jul 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.15b (US$97.5m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹8.15b market cap, or US$97.5m). Upcoming Dividend • Jun 07
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 08 September 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.5%). Reported Earnings • May 27
Full year 2024 earnings released: EPS: ₹115 (vs ₹90.51 in FY 2023) Full year 2024 results: EPS: ₹115 (up from ₹90.51 in FY 2023). Revenue: ₹5.08b (down 9.9% from FY 2023). Net income: ₹693.9m (up 27% from FY 2023). Profit margin: 14% (up from 9.7% 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 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • May 26
Cheviot Company Limited, Annual General Meeting, Aug 09, 2024 Cheviot Company Limited, Annual General Meeting, Aug 09, 2024, at 11:00 Indian Standard Time. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,474, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 28x in the Luxury industry in India. Total returns to shareholders of 54% over the past three years. Announcement • May 18
Cheviot Company Limited to Report Q4, 2024 Results on May 24, 2024 Cheviot Company Limited announced that they will report Q4, 2024 results on May 24, 2024 Board Change • Apr 05
Less than half of directors are independent Following Independent Director Deo Mohta's arrival on 01 April 2024, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Deo Mohta was the last independent director to join the board, commencing their role in the last week. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 16
Cheviot Company Limited Approves Board Appointments Cheviot Company Limited approved appointment of Mr. Sutirtha Bhattacharya, Mr. Deo Kishan Mohta and Mr. Siddharth Jhajharia as independent directors to hold office for the term of 5 consecutive years from 1st April, 2024 to 31st March, 2029, not liable to retire by rotation, through postal ballot. New Risk • Feb 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.28b (US$99.8m) This is considered a minor 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: Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Market cap is less than US$100m (₹8.28b market cap, or US$99.8m). Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: ₹29.78 (vs ₹21.19 in 3Q 2023) Third quarter 2024 results: EPS: ₹29.78 (up from ₹21.19 in 3Q 2023). Revenue: ₹1.12b (down 4.6% from 3Q 2023). Net income: ₹179.2m (up 41% from 3Q 2023). Profit margin: 16% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • Jan 20
Cheviot Company Limited to Report Q3, 2024 Results on Jan 30, 2024 Cheviot Company Limited announced that they will report Q3, 2024 results on Jan 30, 2024 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹1,525, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 155% over the past three years. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹32.70 (vs ₹30.00 in 2Q 2023) Second quarter 2024 results: EPS: ₹32.70 (up from ₹30.00 in 2Q 2023). Revenue: ₹1.37b (down 17% from 2Q 2023). Net income: ₹196.8m (up 9.0% from 2Q 2023). Profit margin: 14% (up from 11% in 2Q 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 21% per year, which means it is well ahead of earnings. Announcement • Aug 03
Cheviot Company Limited to Report Q1, 2024 Results on Aug 10, 2023 Cheviot Company Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Upcoming Dividend • Jul 28
Upcoming dividend of ₹27.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 04 August 2023. Payment date: 10 September 2023. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 22
Full year 2023 earnings released: EPS: ₹90.51 (vs ₹127 in FY 2022) Full year 2023 results: EPS: ₹90.51 (down from ₹127 in FY 2022). Revenue: ₹5.64b (down 1.3% from FY 2022). Net income: ₹544.6m (down 31% from FY 2022). Profit margin: 9.7% (down from 14% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹90.51 (vs ₹127 in FY 2022) Full year 2023 results: EPS: ₹90.51 (down from ₹127 in FY 2022). Revenue: ₹5.74b (flat on FY 2022). Net income: ₹544.6m (down 31% from FY 2022). Profit margin: 9.5% (down from 14% in FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
Cheviot Company Limited to Report Q4, 2023 Results on May 25, 2023 Cheviot Company Limited announced that they will report Q4, 2023 results on May 25, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹21.19 (vs ₹26.58 in 3Q 2022) Third quarter 2023 results: EPS: ₹21.19 (down from ₹26.58 in 3Q 2022). Revenue: ₹1.18b (down 24% from 3Q 2022). Net income: ₹127.5m (down 24% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Announcement • Feb 04
Cheviot Company Limited to Report Q3, 2023 Results on Feb 11, 2023 Cheviot Company Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Feb 11, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹30.00 (vs ₹40.58 in 2Q 2022) Second quarter 2023 results: EPS: ₹30.00 (down from ₹40.58 in 2Q 2022). Revenue: ₹1.65b (up 28% from 2Q 2022). Net income: ₹180.5m (down 29% from 2Q 2022). Profit margin: 11% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. 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. 5 highly experienced directors. Independent Non Executive Woman Director Rashmi Prashad was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
Cheviot Company Limited to Report Q2, 2023 Results on Nov 12, 2022 Cheviot Company Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Nov 12, 2022 Announcement • Aug 04
Cheviot Company Limited to Report Q1, 2023 Results on Aug 11, 2022 Cheviot Company Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 11, 2022 Upcoming Dividend • Jul 28
Upcoming dividend of ₹60.00 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 11 September 2022. Trailing yield: 4.4%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 20
Full year 2022 earnings released: EPS: ₹127 (vs ₹118 in FY 2021) Full year 2022 results: EPS: ₹127 (up from ₹118 in FY 2021). Revenue: ₹5.71b (up 44% from FY 2021). Net income: ₹793.5m (up 4.8% from FY 2021). Profit margin: 14% (down from 19% 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 25% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jun 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.4%. The fair value is estimated to be ₹1,509, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%. Buying Opportunity • Jun 15
Now 21% undervalued Over the last 90 days, the stock is up 6.0%. The fair value is estimated to be ₹1,508, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • May 31
Full year 2022 earnings released: EPS: ₹127 (vs ₹118 in FY 2021) Full year 2022 results: EPS: ₹127 (up from ₹118 in FY 2021). Revenue: ₹5.71b (up 44% from FY 2021). Net income: ₹793.5m (up 4.8% from FY 2021). Profit margin: 14% (down from 19% 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 25% per year whereas the company’s share price has increased by 24% per year. 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. 4 experienced directors. 4 highly experienced directors. Independent Non Executive Woman Director Rashmi Prashad was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹26.58 (down from ₹36.44 in 3Q 2021). Revenue: ₹1.60b (up 34% from 3Q 2021). Net income: ₹166.6m (down 28% from 3Q 2021). Profit margin: 10% (down from 20% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 23% per year. Announcement • Feb 09
Cheviot Company Limited to Report Q3, 2022 Results on Feb 14, 2022 Cheviot Company Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹40.58 (vs ₹22.21 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.39b (up 46% from 2Q 2021). Net income: ₹254.3m (up 77% from 2Q 2021). Profit margin: 18% (up from 15% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year. Recent Insider Transactions • Aug 30
Non Executive Woman Director recently sold ₹491m worth of stock On the 26th of August, Malati Kanoria sold around 375k shares on-market at roughly ₹1,310 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. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹35.40 (vs ₹19.15 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: ₹1.32b (up 434% from 1Q 2021). Net income: ₹221.9m (up 79% from 1Q 2021). Profit margin: 17% (down from 50% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹1,554, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 109% over the past three years. Upcoming Dividend • Jul 08
Upcoming dividend of ₹175 per share Eligible shareholders must have bought the stock before 15 July 2021. Payment date: 22 August 2021. Trailing yield: 9.2%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 01
Full year 2021 earnings released: EPS ₹118 (vs ₹74.41 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹3.96b (down 14% from FY 2020). Net income: ₹757.2m (up 57% from FY 2020). Profit margin: 19% (up from 11% in FY 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 29% share price gain to ₹1,931, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 129% over the past three years. Announcement • Jun 30
Cheviot Company Limited Recommends Special Dividend for the Financial Year Ended 31 March, 2021, Payable on and from 28 July, 2021 The Board of Directors of Cheviot Company Limited at their meeting held on 15 May, 2021 have recommended Special Dividend of INR 175 per fully paid-up ordinary share of face value of INR 10 each for the financial year ended 31 March, 2021, subject To Approve the members at the ensuing Annual General Meeting of the Company convened to be held on 23 July, 2021. The special dividend will be paid to those members, whose name shall appear in the Register of Members or in the Register of Beneficial Owners maintained by the depositories, as on the Record Date, 16 July, 2021. Special dividend will be paid on and from 28 July, 2021, subject to approval of the
members at the ensuing AGM of the Company. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,297, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 60% over the past three years. Reported Earnings • May 19
Full year 2021 earnings released: EPS ₹118 (vs ₹74.41 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: ₹4.41b (down 3.7% from FY 2020). Net income: ₹757.2m (up 57% from FY 2020). Profit margin: 17% (up from 11% 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 5% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improved over the past week After last week's 24% share price gain to ₹961, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 1.7% over the past three years. Announcement • May 16
Cheviot Company Limited Recommends Dividend for the Year Ended 31 March, 2021, Payable on 28 July 2021 The Board of Directors of Cheviot Company Limited at its meeting held on 15 May 2021 have recommended a special dividend of INR 175 (1750%) per ordinary share on 6,266,875 fully paid-up ordinary shares of face value of INR 10 each aggregating to INR 1,096,703,125 for the year ended 31 March 2021, subject To Approve the members at the ensuing annual general meeting (AGM) of the Company. The proposed dividend, if declared at the ensuing AGM, will be paid /dispatched on and from 28 July 2021. The dividend will be paid to those members, whose names shall appear in the Company's Register of Members at the close of working hours of the Company on 16 July 2021, being the record date fixed for the purpose of dividend. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹36.44 (vs ₹24.03 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.19b (up 4.8% from 3Q 2020). Net income: ₹233.0m (up 50% from 3Q 2020). Profit margin: 20% (up from 14% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Is New 90 Day High Low • Feb 12
New 90-day high: ₹790 The company is up 12% from its price of ₹703 on 14 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 21% over the same period. Announcement • Feb 05
Cheviot Company Limited to Report Q3, 2021 Results on Feb 12, 2021 Cheviot Company Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Announcement • Nov 05
Cheviot Company Limited to Report Q2, 2021 Results on Nov 12, 2020 Cheviot Company Limited announced that they will report Q2, 2021 results on Nov 12, 2020