New Risk • Aug 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.48b (US$99.5m) 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: Major Risk Earnings have declined by 22% 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. Market cap is less than US$100m (₹9.48b market cap, or US$99.5m). Reported Earnings • Aug 10
First quarter 2027 earnings released: EPS: ₹44.89 (vs ₹27.81 in 1Q 2026) First quarter 2027 results: EPS: ₹44.89 (up from ₹27.81 in 1Q 2026). Revenue: ₹2.61b (up 36% from 1Q 2026). Net income: ₹257.0m (up 61% from 1Q 2026). Profit margin: 9.8% (up from 8.3% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Jul 25
Ambika Cotton Mills Limited to Report Q1, 2027 Results on Aug 08, 2026 Ambika Cotton Mills Limited announced that they will report Q1, 2027 results at 12:15 PM, Indian Standard Time on Aug 08, 2026 Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹125 (vs ₹115 in FY 2025) Full year 2026 results: EPS: ₹125 (up from ₹115 in FY 2025). Revenue: ₹7.96b (up 13% from FY 2025). Net income: ₹715.6m (up 8.9% from FY 2025). Profit margin: 9.0% (down from 9.4% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 14
Ambika Cotton Mills Limited to Report Fiscal Year 2026 Results on May 26, 2026 Ambika Cotton Mills Limited announced that they will report fiscal year 2026 results on May 26, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,299, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 9.6% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹26.50 (vs ₹24.94 in 3Q 2025) Third quarter 2026 results: EPS: ₹26.50 (up from ₹24.94 in 3Q 2025). Revenue: ₹1.74b (up 12% from 3Q 2025). Net income: ₹151.7m (up 6.2% from 3Q 2025). Profit margin: 8.7% (down from 9.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jan 26
Ambika Cotton Mills Limited to Report Q3, 2026 Results on Feb 10, 2026 Ambika Cotton Mills Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: ₹27.84 (vs ₹24.58 in 2Q 2025) Second quarter 2026 results: EPS: ₹27.84 (up from ₹24.58 in 2Q 2025). Revenue: ₹2.03b (up 1.3% from 2Q 2025). Net income: ₹159.4m (up 13% from 2Q 2025). Profit margin: 7.8% (up from 7.0% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Oct 27
Ambika Cotton Mills Limited to Report Q2, 2026 Results on Nov 08, 2025 Ambika Cotton Mills Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 08, 2025 Announcement • Sep 30
Ambika Cotton Mills Limited Approves Final Dividend for the Financial Year 2024-2025 Ambika Cotton Mills Limited at the AGM held on 27 September, 2025 approved to declare a final dividend of INR 37 per equity share for the Financial year 2024-2025. Upcoming Dividend • Sep 14
Upcoming dividend of ₹37.00 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 27 October 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.5%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.6%). Declared Dividend • Aug 30
Dividend increased to ₹37.00 Dividend of ₹37.00 is 5.7% higher than last year. Ex-date: 19th September 2025 Payment date: 27th October 2025 Dividend yield will be 2.6%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 26
Ambika Cotton Mills Limited, Annual General Meeting, Sep 27, 2025 Ambika Cotton Mills Limited, Annual General Meeting, Sep 27, 2025, at 12:00 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹27.81 (vs ₹37.61 in 1Q 2025) First quarter 2026 results: EPS: ₹27.81 (down from ₹37.61 in 1Q 2025). Revenue: ₹1.95b (down 6.6% from 1Q 2025). Net income: ₹159.2m (down 26% from 1Q 2025). Profit margin: 8.2% (down from 10% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • Aug 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.59b (US$98.1m) 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: Major Risk Earnings have declined by 1.1% 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. Market cap is less than US$100m (₹8.59b market cap, or US$98.1m). Announcement • Jul 26
Ambika Cotton Mills Limited to Report Q1, 2026 Results on Aug 08, 2025 Ambika Cotton Mills Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Announcement • Jun 21
Ambika Cotton Mills Limited Announces Resignation of N. Subramaniam as Independent Director Ambika Cotton Mills Limited announced that Mr. N. Subramaniam (DIN: 00657972) has resigned from the Independent Directorship of the Company with effect from closure of Business hours of June 18th, 2025, due to personal reasons. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹115 (vs ₹110 in FY 2024) Full year 2025 results: EPS: ₹115 (up from ₹110 in FY 2024). Revenue: ₹7.29b (down 12% from FY 2024). Net income: ₹657.4m (up 4.4% from FY 2024). Profit margin: 9.0% (up from 7.6% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 14
Ambika Cotton Mills Limited to Report Fiscal Year 2025 Results on May 27, 2025 Ambika Cotton Mills Limited announced that they will report fiscal year 2025 results on May 27, 2025 Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹24.94 (vs ₹22.74 in 3Q 2024) Third quarter 2025 results: EPS: ₹24.94 (up from ₹22.74 in 3Q 2024). Revenue: ₹1.56b (down 20% from 3Q 2024). Net income: ₹142.8m (up 9.7% from 3Q 2024). Profit margin: 9.1% (up from 6.6% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Jan 29
Ambika Cotton Mills Limited to Report Q3, 2025 Results on Feb 11, 2025 Ambika Cotton Mills Limited announced that they will report Q3, 2025 results at 9:15 AM, Indian Standard Time on Feb 11, 2025 New Risk • Jan 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.46b (US$97.6m) 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: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹8.46b market cap, or US$97.6m). New Risk • Nov 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.36b (US$99.1m) 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: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹8.36b market cap, or US$99.1m). Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹24.58 (vs ₹22.92 in 2Q 2024) Second quarter 2025 results: EPS: ₹24.58 (up from ₹22.92 in 2Q 2024). Revenue: ₹2.07b (up 3.8% from 2Q 2024). Net income: ₹140.7m (up 7.2% from 2Q 2024). Profit margin: 6.8% (up from 6.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Oct 28
Ambika Cotton Mills Limited to Report Q2, 2025 Results on Nov 08, 2024 Ambika Cotton Mills Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Announcement • Sep 28
Ambika Cotton Mills Limited Approves Final Dividend for the Financial Year 2023-2024 Ambika Cotton Mills Limited at the Annual general meeting held on September 27, 2024 approved Final Dividend of INR 35/- per equity share for the Financial year 2023-2024. Upcoming Dividend • Sep 13
Upcoming dividend of ₹35.00 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 27 October 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.0%. Within top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (0.4%). Board Change • Sep 01
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. 2 experienced directors. 4 highly experienced directors. Independent Director Vijayalakshmi Narendra 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. Declared Dividend • Aug 29
Dividend of ₹35.00 announced Dividend of ₹35.00 is the same as last year. Ex-date: 20th September 2024 Payment date: 27th October 2024 Dividend yield will be 2.1%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹1,645, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 28x in the Luxury industry in India. Total returns to shareholders of 17% over the past three years. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹37.61 (vs ₹36.24 in 1Q 2024) First quarter 2025 results: EPS: ₹37.61 (up from ₹36.24 in 1Q 2024). Revenue: ₹2.16b (down 2.8% from 1Q 2024). Net income: ₹215.3m (up 3.8% from 1Q 2024). Profit margin: 10.0% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jul 27
Ambika Cotton Mills Limited to Report Q1, 2025 Results on Aug 09, 2024 Ambika Cotton Mills Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹1,983, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 34% over the past three years. Announcement • May 20
Ambika Cotton Mills Limited to Report Fiscal Year 2024 Results on May 25, 2024 Ambika Cotton Mills Limited announced that they will report fiscal year 2024 results on May 25, 2024 New Risk • Mar 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.12b (US$97.4m) 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (₹8.12b market cap, or US$97.4m). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹22.74 (vs ₹46.85 in 3Q 2023) Third quarter 2024 results: EPS: ₹22.74 (down from ₹46.85 in 3Q 2023). Revenue: ₹1.96b (up 4.2% from 3Q 2023). Net income: ₹130.2m (down 52% from 3Q 2023). Profit margin: 6.6% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Jan 30
Ambika Cotton Mills Limited to Report Q3, 2024 Results on Feb 08, 2024 Ambika Cotton Mills Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹22.92 (vs ₹49.05 in 2Q 2023) Second quarter 2024 results: EPS: ₹22.92 (down from ₹49.05 in 2Q 2023). Revenue: ₹1.99b (down 9.0% from 2Q 2023). Net income: ₹131.2m (down 53% from 2Q 2023). Profit margin: 6.6% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 01
Ambika Cotton Mills Limited Approves Final Dividend for the Financial Year 2022-2023 Ambika Cotton Mills Limited approved final dividend of INR 35 per equity share for the financial year 2022-2023 at its AGM held on September 29, 2023. Upcoming Dividend • Sep 15
Upcoming dividend of ₹35.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 29 October 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.1%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.5%). Announcement • Aug 29
Ambika Cotton Mills Limited, Annual General Meeting, Sep 29, 2023 Ambika Cotton Mills Limited, Annual General Meeting, Sep 29, 2023, at 12:00 Indian Standard Time. Agenda: To consider and approve the Audited Financial Statements of the Company for the year ended 31 March 2023 comprising of the Balance Sheet as at March 31st, 2023, Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and Reports of Directors and Auditors thereon; to consider and approve the appointment of a Director in place of Mrs. Bhavya Chandran who retires by rotation and being eligible offers herself for re-appointment; and to consider other matters. New Risk • Aug 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.18b (US$98.6m) 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (₹8.18b market cap, or US$98.6m). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹36.24 (vs ₹67.90 in 1Q 2023) First quarter 2024 results: EPS: ₹36.24 (down from ₹67.90 in 1Q 2023). Revenue: ₹2.33b (down 8.2% from 1Q 2023). Net income: ₹207.5m (down 47% from 1Q 2023). Profit margin: 8.9% (down from 15% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year and the company’s share price has also increased by 29% per year. Announcement • Jul 29
Ambika Cotton Mills Limited to Report Q1, 2024 Results on Aug 10, 2023 Ambika Cotton Mills Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹195 (vs ₹314 in FY 2022) Full year 2023 results: EPS: ₹195 (down from ₹314 in FY 2022). Revenue: ₹8.61b (down 6.4% from FY 2022). Net income: ₹1.12b (down 38% from FY 2022). Profit margin: 13% (down from 20% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • May 27
Ambika Cotton Mills Limited Recommends Final Dividend for the Year Ended 31 March 2023 Ambika Cotton Mills Limited Board has recommended a Final Dividend of INR 35/- (350%) per equity share on the face value of INR 10/- each. for the year ended 31 March 2023. Announcement • May 17
Ambika Cotton Mills Limited to Report Fiscal Year 2023 Results on May 26, 2023 Ambika Cotton Mills Limited announced that they will report fiscal year 2023 results on May 26, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹46.85 (vs ₹90.57 in 3Q 2022) Third quarter 2023 results: EPS: ₹46.85 (down from ₹90.57 in 3Q 2022). Revenue: ₹1.88b (down 25% from 3Q 2022). Net income: ₹268.2m (down 48% from 3Q 2022). Profit margin: 14% (down from 21% 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 48% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Nov 02
Ambika Cotton Mills Limited to Report Q2, 2023 Results on Nov 09, 2022 Ambika Cotton Mills Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Nov 09, 2022 Announcement • Oct 01
Ambika Cotton Mills Limited Declares Final Dividend for the Financial Year 2021-2022 Ambika Cotton Mills Limited at the AGM held on September 29, 2022, the shareholders approved to declare a final dividend of INR 35 per equity share for the financial year 2021-2022. Upcoming Dividend • Sep 14
Upcoming dividend of ₹35.00 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 29 October 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.9%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹67.90 (vs ₹62.60 in 1Q 2022) First quarter 2023 results: EPS: ₹67.90 (up from ₹62.60 in 1Q 2022). Revenue: ₹2.57b (up 37% from 1Q 2022). Net income: ₹388.7m (up 8.5% from 1Q 2022). Profit margin: 15% (down from 19% 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 63% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Ambika Cotton Mills Limited to Report Q1, 2022 Results on Aug 10, 2022 Ambika Cotton Mills Limited announced that they will report Q1, 2022 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹1,456, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 47% over the past three years. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹314 (vs ₹119 in FY 2021) Full year 2022 results: EPS: ₹314 (up from ₹119 in FY 2021). Revenue: ₹9.25b (up 46% from FY 2021). Net income: ₹1.80b (up 165% from FY 2021). Profit margin: 19% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹1,778, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 75% over the past three years. Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹90.57 (up from ₹36.86 in 3Q 2021). Revenue: ₹2.54b (up 32% from 3Q 2021). Net income: ₹518.5m (up 146% from 3Q 2021). Profit margin: 20% (up from 11% 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 41% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 37% share price gain to ₹2,725, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹1,772, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 67% over the past three years. Reported Earnings • Nov 08
Second quarter 2022 earnings released: EPS ₹79.48 (vs ₹22.48 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹2.21b (up 52% from 2Q 2021). Net income: ₹455.0m (up 254% from 2Q 2021). Profit margin: 21% (up from 8.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 16% share price gain to ₹2,137, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 97% over the past three years. Announcement • May 30
Ambika Cotton Mills Limited Announces Temporary Shutdown of Operations Ambika Cotton Mills Limited announced that As per the Lock - down instructions from the Government of Tamilnadu, due to Covid-19, operations are temporarily shut down from 24.05.2021 to 31.05.2021, at the first instance, and stands duly extended up to 07.06.2021 (6.00am). The company announced that the Government (vide GO (Ms) No. 391 dt. 29.05.2021 - Page 4 - para xxiv) has permitted, as Part of partial relief, to operate the plants with 50% of the workers strength and accordingly plants will be Operated from 31.05.2021 as permitted by the Government. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,050, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 20% over the past three years. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS ₹36.86 (vs ₹28.37 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.93b (up 17% from 3Q 2020). Net income: ₹211.0m (up 30% from 3Q 2020). Profit margin: 11% (up from 9.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Jan 23
Ambika Cotton Mills Limited to Report Q3, 2021 Results on Feb 03, 2021 Ambika Cotton Mills Limited announced that they will report Q3, 2021 results on Feb 03, 2021 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 19% share price gain to ₹1,014, the stock is trading at a trailing P/E ratio of 13x, up from the previous P/E ratio of 11x. This compares to an average P/E of 20x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 34%. Is New 90 Day High Low • Jan 04
New 90-day high: ₹876 The company is up 24% from its price of ₹706 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 16% share price gain to ₹839, the stock is trading at a trailing P/E ratio of 10.8x, up from the previous P/E ratio of 9.3x. 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 29%. Is New 90 Day High Low • Dec 03
New 90-day high: ₹747 The company is up 9.0% from its price of ₹684 on 04 September 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 16% over the same period. Reported Earnings • Nov 09
Second quarter 2021 earnings released: EPS ₹22.48 The company reported a soft second quarter result with weaker revenues and profit margins, although earnings were improved. Second quarter 2021 results: Revenue: ₹1.46b (down 196% from 2Q 2020). Net income: ₹128.7m (up ₹762.6m from 2Q 2020). Profit margin: 8.8% (down from 42% in 2Q 2020). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 19% per year. Is New 90 Day High Low • Sep 22
New 90-day low: ₹639 The company is down 13% from its price of ₹738 on 24 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 Luxury industry, which is up 8.0% over the same period. Announcement • Jun 21
Ambika Cotton Mills Limited to Report Fiscal Year 2020 Results on Jun 27, 2020 Ambika Cotton Mills Limited announced that they will report fiscal year 2020 results on Jun 27, 2020 
