New Risk • Jun 06
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 Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 39% per year over the past 5 years. Market cap is less than US$10m (₹366.6m market cap, or US$3.85m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 24
Full year 2026 earnings released: EPS: ₹10.38 (vs ₹4.00 in FY 2025) Full year 2026 results: EPS: ₹10.38 (up from ₹4.00 in FY 2025). Revenue: ₹2.08b (down 3.2% from FY 2025). Net income: ₹30.4m (up 159% from FY 2025). Profit margin: 1.5% (up from 0.5% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹3.15 (vs ₹3.28 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.15 (down from ₹3.28 in 3Q 2025). Revenue: ₹495.0m (down 11% from 3Q 2025). Net income: ₹9.23m (down 4.0% from 3Q 2025). Profit margin: 1.9% (up from 1.7% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. New Risk • Feb 03
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 8.7% 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 Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (₹388.0m market cap, or US$4.30m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹2.71 (vs ₹2.79 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹2.71 (up from ₹2.79 loss in 2Q 2025). Revenue: ₹578.8m (up 7.6% from 2Q 2025). Net income: ₹7.93m (up ₹16.1m from 2Q 2025). Profit margin: 1.4% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Declared Dividend • Sep 01
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 12th September 2025 Payment date: 20th October 2025 Dividend yield will be 0.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 72% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 5 years. Reported Earnings • Aug 19
First quarter 2026 earnings released: EPS: ₹2.08 (vs ₹0.65 in 1Q 2025) First quarter 2026 results: EPS: ₹2.08 (up from ₹0.65 in 1Q 2025). Revenue: ₹525.3m (up 4.5% from 1Q 2025). Net income: ₹6.10m (up 220% from 1Q 2025). Profit margin: 1.2% (up from 0.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Aug 18
Suryaamba Spinning Mills Limited, Annual General Meeting, Sep 06, 2025 Suryaamba Spinning Mills Limited, Annual General Meeting, Sep 06, 2025, at 12:00 Indian Standard Time. New Risk • Aug 11
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 8.1% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (₹407.7m market cap, or US$4.65m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.5% net profit margin). Announcement • Aug 05
Suryaamba Spinning Mills Limited to Report Q1, 2026 Results on Aug 14, 2025 Suryaamba Spinning Mills Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Jul 03
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 8.8% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (8.8% average weekly change). Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (₹433.5m market cap, or US$5.06m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹4.00 (vs ₹5.97 in FY 2024) Full year 2025 results: EPS: ₹4.00 (down from ₹5.97 in FY 2024). Revenue: ₹2.15b (down 1.5% from FY 2024). Net income: ₹11.7m (down 33% from FY 2024). Profit margin: 0.5% (down from 0.8% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • May 30
Suryaamba Spinning Mills Limited Recommends Final Dividend for the Year Ended March 31, 2025 Suryaamba Spinning Mills Limited announced that at its board meeting held on May 30, 2025, the board recommended payment of final dividend of INR 1 per equity share of the face value of INR 10 each for the financial year ended on March 31, 2025, subject To Approve the shareholders at the upcoming AGM. New Risk • Feb 17
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 9.8% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 10% per year over the past 5 years. Market cap is less than US$10m (₹410.3m market cap, or US$4.72m). Minor Risk Dividend is not well covered by earnings (207% payout ratio). Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹3.28 (vs ₹0.15 in 3Q 2024) Third quarter 2025 results: EPS: ₹3.28 (up from ₹0.15 in 3Q 2024). Revenue: ₹556.6m (up 14% from 3Q 2024). Net income: ₹9.61m (up ₹9.18m from 3Q 2024). Profit margin: 1.7% (up from 0.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jan 30
Now 20% undervalued Over the last 90 days, the stock has risen 1.4% to ₹164. The fair value is estimated to be ₹205, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 71%. Buy Or Sell Opportunity • Jan 14
Now 20% undervalued Over the last 90 days, the stock has risen 7.0% to ₹166. The fair value is estimated to be ₹208, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 71%. New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 3.9% per year over the past 5 years. Market cap is less than US$10m (₹558.8m market cap, or US$6.51m). Minor Risks Dividend is not well covered by earnings (207% payout ratio). Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (0.07% net profit margin). Reported Earnings • Nov 15
Second quarter 2025 earnings released: ₹2.79 loss per share (vs ₹0.60 profit in 2Q 2024) Second quarter 2025 results: ₹2.79 loss per share (down from ₹0.60 profit in 2Q 2024). Revenue: ₹540.3m (down 2.3% from 2Q 2024). Net loss: ₹8.17m (down ₹9.92m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 13
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (0.4%). Announcement • Sep 11
Suryaamba Spinning Mills Limited, Annual General Meeting, Sep 28, 2024 Suryaamba Spinning Mills Limited, Annual General Meeting, Sep 28, 2024, at 12:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.65 (vs ₹2.76 in 1Q 2024) First quarter 2025 results: EPS: ₹0.65 (down from ₹2.76 in 1Q 2024). Revenue: ₹503.4m (down 15% from 1Q 2024). Net income: ₹1.91m (down 76% from 1Q 2024). Profit margin: 0.4% (down from 1.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Independent Director Neeraja Kartik was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 06
Suryaamba Spinning Mills Limited to Report Q1, 2025 Results on Aug 13, 2024 Suryaamba Spinning Mills Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Announcement • May 30
Suryaamba Spinning Mills Limited Recommends Final Dividend for the Financial Year Ended on March 31, 2024 Suryaamba Spinning Mills Limited at its board meeting held on May 28, 2024, recommended payment of final dividend of INR 1/- (Rupees one only) per equity share of the face value of INR 10/-(Rupees ten) each for the financial year ended on March 31, 2024, subject to the approval of the shareholders at the upcoming 17 Annual General Meeting (AGM). Book Closure period for the entitlement of Dividend, date & timings for upcoming Annual General Meeting of the Company shall be intimated in due course of time. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹5.96 (vs ₹26.97 in FY 2023) Full year 2024 results: EPS: ₹5.96 (down from ₹26.97 in FY 2023). Revenue: ₹2.19b (down 12% from FY 2023). Net income: ₹17.5m (down 78% from FY 2023). Profit margin: 0.8% (down from 3.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • May 23
Suryaamba Spinning Mills Limited to Report Q4, 2024 Results on May 28, 2024 Suryaamba Spinning Mills Limited announced that they will report Q4, 2024 results on May 28, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: ₹0.15 (vs ₹2.62 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.15 (down from ₹2.62 in 3Q 2023). Revenue: ₹491.3m (down 18% from 3Q 2023). Net income: ₹435.0k (down 94% from 3Q 2023). Profit margin: 0.1% (down from 1.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. Announcement • Jan 31
Suryaamba Spinning Mills Limited to Report Q3, 2024 Results on Feb 10, 2024 Suryaamba Spinning Mills Limited announced that they will report Q3, 2024 results at 12:15 PM, Indian Standard Time on Feb 10, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹0.60 (vs ₹9.07 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.60 (down from ₹9.07 in 2Q 2023). Revenue: ₹554.5m (down 9.1% from 2Q 2023). Net income: ₹1.75m (down 93% from 2Q 2023). Profit margin: 0.3% (down from 4.4% 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 15% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 03
Suryaamba Spinning Mills Limited to Report Q2, 2024 Results on Nov 11, 2023 Suryaamba Spinning Mills Limited announced that they will report Q2, 2024 results at 12:15 PM, Indian Standard Time on Nov 11, 2023 Announcement • Sep 13
Suryaamba Spinning Mills Limited Approves Appointment of Neeraja Kartik as an Independent Director Suryaamba Spinning Mills Limited announced at annual general meeting held on September 9, 2023, the shareholders approved appointment of Mrs. Neeraja Kartik as an independent director of the company. Upcoming Dividend • Aug 25
Upcoming dividend of ₹1.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 09 October 2023. Payout ratio is a comfortable 3.7% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.5%). Announcement • Aug 19
Suryaamba Spinning Mills Limited, Annual General Meeting, Sep 09, 2023 Suryaamba Spinning Mills Limited, Annual General Meeting, Sep 09, 2023, at 12:30 Indian Standard Time. Location: 1st Floor, Surya Towers,105, S P Road Secunderabad India Agenda: To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereon and in this regard, to consider and if thought fit, to pass, with or without modification(s); to declare dividend on equity shares for the financial year ended March 31, 2023; and to consider other matters. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹2.76 (vs ₹13.42 in 1Q 2023) First quarter 2024 results: EPS: ₹2.76 (down from ₹13.42 in 1Q 2023). Revenue: ₹592.2m (down 1.4% from 1Q 2023). Net income: ₹8.08m (down 80% from 1Q 2023). Profit margin: 1.4% (down from 6.5% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% 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 05
Suryaamba Spinning Mills Limited to Report Q1, 2024 Results on Aug 12, 2023 Suryaamba Spinning Mills Limited announced that they will report Q1, 2024 results at 12:15 PM, Indian Standard Time on Aug 12, 2023 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹214, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 441% over the past three years. Announcement • May 30
Suryaamba Spinning Mills Limited Recommends Final Dividend for the Financial Year Ended on March 31, 2023 The board of directors of Suryaamba Spinning Mills Limited, at its AGM held on May 29, 2023, recommended payment of final dividend of INR 1.00 per equity share of the face value of INR 10.00 each for the financial year ended on March 31, 2023, subject To Approve the shareholders at the upcoming 16th Annual General Meeting. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹26.97 (vs ₹49.29 in FY 2022) Full year 2023 results: EPS: ₹26.97 (down from ₹49.29 in FY 2022). Revenue: ₹2.50b (up 10% from FY 2022). Net income: ₹79.1m (down 45% from FY 2022). Profit margin: 3.2% (down from 6.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 23
Suryaamba Spinning Mills Limited to Report Q4, 2023 Results on May 29, 2023 Suryaamba Spinning Mills Limited announced that they will report Q4, 2023 results on May 29, 2023 Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹232, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 486% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹151, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 281% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹180, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 302% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹2.62 (vs ₹12.43 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.62 (down from ₹12.43 in 3Q 2022). Revenue: ₹603.9m (up 4.3% from 3Q 2022). Net income: ₹7.67m (down 79% from 3Q 2022). Profit margin: 1.3% (down from 6.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
Suryaamba Spinning Mills Limited to Report Q3, 2023 Results on Feb 11, 2023 Suryaamba Spinning Mills Limited announced that they will report Q3, 2023 results on Feb 11, 2023 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. 2 experienced directors. 4 highly experienced directors. Independent & Non-Executive Director Nilesh Panpaliya 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. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: ₹9.07 (vs ₹10.56 in 2Q 2022) Second quarter 2023 results: EPS: ₹9.07 (down from ₹10.56 in 2Q 2022). Revenue: ₹618.7m (up 21% from 2Q 2022). Net income: ₹26.6m (down 14% from 2Q 2022). Profit margin: 4.3% (down from 6.0% 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 61% per year whereas the company’s share price has increased by 64% per year. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: ₹13.42 (vs ₹8.90 in 1Q 2022) First quarter 2023 results: EPS: ₹13.42 (up from ₹8.90 in 1Q 2022). Revenue: ₹605.2m (up 27% from 1Q 2022). Net income: ₹39.3m (up 51% from 1Q 2022). Profit margin: 6.5% (up from 5.5% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Board Change • Aug 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. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Nilesh Panpaliya 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 • Jul 30
Suryaamba Spinning Mills Limited to Report Q1, 2023 Results on Aug 06, 2022 Suryaamba Spinning Mills Limited announced that they will report Q1, 2023 results on Aug 06, 2022 Announcement • Jul 23
Suryaamba Spinning Mills Limited Proposes Dividend for the Financial Year Ended March 31, 2022 Suryaamba Spinning Mills Limited proposed declaration Of INR 1 per equity share of INR 10 each as recommended by the Board of Directors of the Company for the financial year ended March 31, 2022, at the AGM to be held on August 13, 2022. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 18% share price gain to ₹204, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 264% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 2.0% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.9%). In line with average of industry peers (0.6%). Announcement • Jun 18
Suryaamba Spinning Mills Limited, Annual General Meeting, Jul 09, 2022 Suryaamba Spinning Mills Limited, Annual General Meeting, Jul 09, 2022, at 12:00 Indian Standard Time. Agenda: To consider adoption of audited Financial Statements and Reports thereon; to consider Declaration of Dividend; to consider Appointment of a Director in place of the one retiring by rotation; to consider Re-appointment of Seema Agarwal Joint Managing Director of the company; and to consider any other matters. Reported Earnings • May 20
Full year 2022 earnings released: EPS: ₹49.28 (vs ₹14.50 in FY 2021) Full year 2022 results: EPS: ₹49.28 (up from ₹14.50 in FY 2021). Revenue: ₹2.28b (up 81% from FY 2021). Net income: ₹144.5m (up 240% from FY 2021). Profit margin: 6.3% (up from 3.4% 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 54% per year whereas the company’s share price has increased by 56% per year. Announcement • May 18
Suryaamba Spinning Mills Limited Recommends Final Dividend for the Financial Year Ended on March 31, 2022 Suryaamba Spinning Mills Limited recommended payment of final dividend of INR 1 (Rupees one only) per equity share of the face value of INR 10/-(Rupees ten) each for the financial year ended on March 31, 2022, subject To Approve the shareholders at the upcoming 15th Annual General Meeting (AGM). Book Closure period for the entitlement of Dividend, date & timings for upcoming Annual General Meeting of the Company shall be intimated in due course of time. Announcement • May 07
Suryaamba Spinning Mills Limited to Report Q4, 2022 Results on May 16, 2022 Suryaamba Spinning Mills Limited announced that they will report Q4, 2022 results on May 16, 2022 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₹211, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 233% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹12.43 (up from ₹8.34 in 3Q 2021). Revenue: ₹580.2m (up 46% from 3Q 2021). Net income: ₹36.4m (up 49% from 3Q 2021). Profit margin: 6.3% (up from 6.2% 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 44% 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 • Feb 03
Suryaamba Spinning Mills Limited to Report Q3, 2022 Results on Feb 12, 2022 Suryaamba Spinning Mills Limited announced that they will report Q3, 2022 results on Feb 12, 2022 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to ₹210, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 209% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 21% share price gain to ₹181, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 165% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 16% share price gain to ₹162, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 108% over the past three years. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹8.90 (vs ₹3.27 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹478.6m (up 310% from 1Q 2021). Net income: ₹26.1m (up ₹35.7m from 1Q 2021). Profit margin: 5.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 18% per year. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹138, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 20% share price gain to ₹145, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 53% over the past three years. Reported Earnings • Jul 10
Full year 2021 earnings released: EPS ₹14.50 (vs ₹17.75 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: ₹1.26b (down 23% from FY 2020). Net income: ₹42.5m (down 18% from FY 2020). Profit margin: 3.4% (up from 3.2% 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 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 08
Upcoming dividend of ₹0.40 per share Eligible shareholders must have bought the stock before 15 July 2021. Payment date: 23 August 2021. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.5%). Reported Earnings • Jun 02
Full year 2021 earnings released: EPS ₹14.49 (vs ₹17.75 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: ₹1.27b (down 22% from FY 2020). Net income: ₹42.5m (down 18% from FY 2020). Profit margin: 3.4% (up from 3.2% 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 4% per year whereas the company’s share price has increased by 8% per year. Announcement • May 30
Suryaamba Spinning Mills Limited Recommends Final Dividend for the Financial Year Ended on March 31, 2021 Suryaamba Spinning Mills Limited recommended payment of final dividend of INR 0.40 per equity share of the face value of INR 10 each for the financial year ended on March 31, 2021, subject to approval of shareholders at the upcoming 14th Annual General Meeting (AGM). Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 25% share price gain to ₹81.15, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 27% share price gain to ₹71.00, the stock is trading at a trailing P/E ratio of 8.8x, up from the previous P/E ratio of 6.9x. This compares to an average P/E of 17x in the Luxury industry in India. Total returns to shareholders over the past three years are 2.0%. Is New 90 Day High Low • Feb 18
New 90-day high: ₹68.45 The company is up 57% from its price of ₹43.70 on 20 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 16% over the same period. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹8.34 (vs ₹4.77 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹396.4m (down 7.9% from 3Q 2020). Net income: ₹24.5m (up 75% from 3Q 2020). Profit margin: 6.2% (up from 3.3% in 3Q 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 8% per year, which means it is significantly lagging earnings. Announcement • Feb 05
Suryaamba Spinning Mills Limited to Report Q3, 2021 Results on Feb 13, 2021 Suryaamba Spinning Mills Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Announcement • Jan 17
Suryaamba Spinning Mills Limited Announces Resignation of Deepa Dudani as Company Secretary & Compliance Officer Suryaamba Spinning Mills Limited informed that Ms. Deepa Dudani (Membership No. A54559), Company Secretary & Compliance Officer (KMP) of the company has tendered her resignation from the above mentioned post with effect from the closing business hours of January 15, 2021. Announcement • Jan 16
Suryaamba Spinning Mills Limited Approves Appointment of Kriti Ladha as Company Secretary and Compliance Officer Suryaamba Spinning Mills Limited announced that, the Board of Directors of the Company at its meeting held on January 15, 2021 have considered and approved, appointment of Ms. Kriti Ladha as Company Secretary & Compliance Officer of the Company, with effect from January 16, 2021. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 27% share price gain to ₹63.30, the stock is trading at a trailing P/E ratio of 13.9x, 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 12%. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₹53.10, the stock is trading at a trailing P/E ratio of 11.7x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 19x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 26%. Is New 90 Day High Low • Jan 05
New 90-day high: ₹53.10 The company is up 5.0% from its price of ₹50.45 on 07 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 26% over the same period. Reported Earnings • Nov 12
Second quarter 2021 earnings released: ₹1.21 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: ₹255.9m (down 33% from 2Q 2020). Net loss: ₹3.55m (down 127% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 03
New 90-day low: ₹45.45 The company is down 7.0% from its price of ₹49.00 on 05 August 2020. The Indian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 10.0% over the same period. Announcement • Nov 03
Suryaamba Spinning Mills Limited to Report Q2, 2021 Results on Nov 09, 2020 Suryaamba Spinning Mills Limited announced that they will report Q2, 2021 results on Nov 09, 2020 Announcement • Sep 08
Suryaamba Spinning Mills Limited to Report Q1, 2021 Results on Sep 14, 2020 Suryaamba Spinning Mills Limited announced that they will report Q1, 2021 results on Sep 14, 2020 
