Announcement • May 22
S. M. Gold Limited to Report Q4, 2026 Results on May 29, 2026 S. M. Gold Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 29, 2026 Announcement • Feb 18
S. M. Gold Limited has filed a Follow-on Equity Offering in the amount of INR 264.75024 million. S. M. Gold Limited has filed a Follow-on Equity Offering in the amount of INR 264.75024 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 26,475,024
Price\Range: INR 10
Transaction Features: Rights Offering Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹0.16 (vs ₹0.14 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.16 (up from ₹0.14 in 3Q 2025). Revenue: ₹527.5m (up 67% from 3Q 2025). Net income: ₹2.08m (up 50% from 3Q 2025). Profit margin: 0.4% (in line with 3Q 2025). 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 6% per year, which means it has not declined as severely as earnings. Announcement • Feb 05
S. M. Gold Limited to Report Q3, 2026 Results on Feb 11, 2026 S. M. Gold Limited announced that they will report Q3, 2026 results on Feb 11, 2026 New Risk • Jan 13
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 7.8% 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 (2.5x net interest cover). Earnings have declined by 1.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Market cap is less than US$10m (₹228.3m market cap, or US$2.53m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ₹17.25, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 19x in the Luxury industry in India. Total loss to shareholders of 14% over the past three years. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹0.43 (vs ₹0.68 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.43 (down from ₹0.68 in 2Q 2025). Revenue: ₹447.2m (up 144% from 2Q 2025). Net income: ₹4.32m (down 37% from 2Q 2025). Profit margin: 1.0% (down from 3.7% in 2Q 2025). The decrease in margin was driven by higher expenses. 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 9% per year, which means it has not declined as severely as earnings. Announcement • Nov 08
S. M. Gold Limited to Report Q2, 2026 Results on Nov 13, 2025 S. M. Gold Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Board Change • Oct 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. 4 experienced directors. 2 highly experienced directors. Non Executive Independent Director Jagdishkumar Loladiya was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 08
S. M. Gold Limited, Annual General Meeting, Sep 29, 2025 S. M. Gold Limited, Annual General Meeting, Sep 29, 2025, at 14:00 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹0.11 (vs ₹0.35 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.11 (up from ₹0.35 loss in 1Q 2025). Revenue: ₹255.3m (up 9.6% from 1Q 2025). Net income: ₹1.45m (up ₹4.94m from 1Q 2025). Profit margin: 0.6% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Announcement • Aug 02
S. M. Gold Limited to Report Q1, 2026 Results on Aug 11, 2025 S. M. Gold Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Aug 11, 2025 New Risk • Jun 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Market cap is less than US$10m (₹221.2m market cap, or US$2.58m). Minor Risk Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹0.57 (vs ₹1.19 in FY 2024) Full year 2025 results: EPS: ₹0.57 (down from ₹1.19 in FY 2024). Revenue: ₹879.3m (up 41% from FY 2024). Net income: ₹5.70m (down 52% from FY 2024). Profit margin: 0.6% (down from 1.9% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Announcement • May 21
S. M. Gold Limited to Report Q4, 2025 Results on May 28, 2025 S. M. Gold Limited announced that they will report Q4, 2025 results on May 28, 2025 Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹0.14 (vs ₹0.21 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.14 (down from ₹0.21 in 3Q 2024). Revenue: ₹315.1m (up 112% from 3Q 2024). Net income: ₹1.39m (down 35% from 3Q 2024). Profit margin: 0.4% (down from 1.4% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Announcement • Feb 07
S. M. Gold Limited to Report Q3, 2025 Results on Feb 12, 2025 S. M. Gold Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹20.60, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 27x in the Luxury industry in India. Total loss to shareholders of 94% over the past three years. New Risk • Feb 02
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 7.7% 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). Market cap is less than US$10m (₹191.6m market cap, or US$2.21m). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹20.95, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 29x in the Luxury industry in India. Total loss to shareholders of 91% over the past three years. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹0.68 (vs ₹0.29 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.68 (up from ₹0.29 in 2Q 2024). Revenue: ₹183.0m (up 36% from 2Q 2024). Net income: ₹6.83m (up 137% from 2Q 2024). Profit margin: 3.7% (up from 2.1% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Announcement • Nov 09
S. M. Gold Limited to Report Q2, 2025 Results on Nov 12, 2024 S. M. Gold Limited announced that they will report Q2, 2025 results on Nov 12, 2024 New Risk • Sep 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.4% 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 (0.7x net interest cover). Market cap is less than US$10m (₹313.0m market cap, or US$3.74m). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Board Change • Sep 17
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. 4 non-independent directors. Independent Director Jagdishkumar Loladiya was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 09
S. M. Gold Limited, Annual General Meeting, Sep 30, 2024 S. M. Gold Limited, Annual General Meeting, Sep 30, 2024, at 14:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹19.89, the stock trades at a trailing P/E ratio of 50.2x. Average trailing P/E is 30x in the Luxury industry in India. Total loss to shareholders of 86% over the past three years. New Risk • Jul 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 2.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Market cap is less than US$10m (₹170.2m market cap, or US$2.04m). Minor Risk Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Jul 23
First quarter 2025 earnings released: ₹0.35 loss per share (vs ₹0.44 profit in 1Q 2024) First quarter 2025 results: ₹0.35 loss per share (down from ₹0.44 profit in 1Q 2024). Revenue: ₹233.1m (up 62% from 1Q 2024). Net loss: ₹3.49m (down 179% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Announcement • Jul 16
S. M. Gold Limited to Report Q1, 2025 Results on Jul 22, 2024 S. M. Gold Limited announced that they will report Q1, 2025 results on Jul 22, 2024 Announcement • Jun 19
S. M. Gold Limited Approves Appointment of Megha Saraswat as the Company Secretary and Compliance Officer S. M. Gold Limited announced that at its board meeting held on 19 June 2024, approved the appointment of Ms. Megha Saraswat as the company secretary and compliance officer of the company with effect from 19 June 2024. Announcement • Jun 08
S. M. Gold Limited Announces Resignation of Komal Tolani as Company Secretary & Compliance Officer S. M. Gold Limited informed that Ms. Komal Tolani (ACS 47553), Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered her resignation from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company vide her letter dated 06th June, 2024 and will be relieved from the services of the Company on account of resignation w.e.f. 07th June 2024. Resignation is for better Opportunity. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹5.95 (vs ₹1.06 in FY 2023) Full year 2024 results: EPS: ₹5.95 (up from ₹1.06 in FY 2023). Revenue: ₹632.2m (up 24% from FY 2023). Net income: ₹11.9m (up 12% from FY 2023). Profit margin: 1.9% (down from 2.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Apr 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (₹209.0m market cap, or US$2.50m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹20.82, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 29x in the Luxury industry in India. Total loss to shareholders of 37% over the past three years. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹0.21 (vs ₹0.15 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.21 (up from ₹0.15 in 3Q 2023). Revenue: ₹148.6m (up 78% from 3Q 2023). Net income: ₹2.14m (up 44% from 3Q 2023). Profit margin: 1.4% (down from 1.8% in 3Q 2023). 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 2% per year, which means it is significantly lagging earnings. Announcement • Feb 07
S. M. Gold Limited to Report Q3, 2024 Results on Feb 13, 2024 S. M. Gold Limited announced that they will report Q3, 2024 results on Feb 13, 2024 New Risk • Dec 05
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 (1.2x net interest cover). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$10m (₹184.9m market cap, or US$2.22m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). New Risk • Oct 13
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 7.4% 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). Market cap is less than US$10m (₹187.9m market cap, or US$2.26m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Oct 11
Second quarter 2024 earnings released: EPS: ₹0.29 (vs ₹0.36 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.29 (down from ₹0.36 in 2Q 2023). Revenue: ₹135.1m (up 12% from 2Q 2023). Net income: ₹2.88m (down 20% from 2Q 2023). Profit margin: 2.1% (down from 3.0% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹19.70, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 23x in the Luxury industry in India. Total loss to shareholders of 14% over the past three years. Announcement • Oct 01
S. M. Gold Limited to Report Q2, 2024 Results on Oct 07, 2023 S. M. Gold Limited announced that they will report Q2, 2024 results on Oct 07, 2023 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹17.21, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 23x in the Luxury industry in India. Total loss to shareholders of 24% over the past three years. Announcement • Sep 08
S. M. Gold Limited, Annual General Meeting, Sep 29, 2023 S. M. Gold Limited, Annual General Meeting, Sep 29, 2023, at 17:00 Indian Standard Time. Location: At the Registered Office of the Company situated at Shop No. 1 to 3, 2nd Floor, 24 Caret Building Opp. Rock Regency Hotel, Law Garden, C. G. Road Ahmedabad Gujarat India Agenda: To Receive, Consider and Adopt Audited Financial Statements of the Company for the financial year ended on March 31, 2023 together with Report of Board of Directors and Auditors' Report thereon; to Consider and Appoint a Director in place of Nitaben Sureshkumar Shah who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment; to Consider and Increase in Authorised Share Capital; and to Consider Alteration in Capital Clause of Memorandum of Association. Reported Earnings • Jul 10
First quarter 2024 earnings released: EPS: ₹0.44 (vs ₹0.28 in 1Q 2023) First quarter 2024 results: EPS: ₹0.44 (up from ₹0.28 in 1Q 2023). Revenue: ₹146.4m (up 121% from 1Q 2023). Net income: ₹4.45m (up 60% from 1Q 2023). Profit margin: 3.0% (down from 4.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Jun 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Market cap is less than US$10m (₹149.2m market cap, or US$1.82m). Minor Risk Profit margins are more than 30% lower than last year (2.1% net profit margin). Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹1.06 (vs ₹1.68 in FY 2022) Full year 2023 results: EPS: ₹1.06 (down from ₹1.68 in FY 2022). Revenue: ₹521.5m (up 2.1% from FY 2022). Net income: ₹10.7m (down 37% from FY 2022). Profit margin: 2.0% (down from 3.3% 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 69% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • May 25
S. M. Gold Limited to Report Q4, 2023 Results on May 30, 2023 S. M. Gold Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹14.35, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 39% over the past three years. Reported Earnings • Jan 07
Third quarter 2023 earnings released: EPS: ₹0.15 (vs ₹0.09 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.15 (up from ₹0.09 in 3Q 2022). Revenue: ₹83.4m (down 60% from 3Q 2022). Net income: ₹1.49m (up 64% from 3Q 2022). Profit margin: 1.8% (up from 0.4% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 31
S. M. Gold Limited to Report Q3, 2023 Results on Jan 07, 2023 S. M. Gold Limited announced that they will report Q3, 2023 results on Jan 07, 2023 Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 22% share price gain to ₹23.25, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 13% over the past three years. Announcement • Nov 05
S. M. Gold Limited to Report Q2, 2023 Results on Nov 10, 2022 S. M. Gold Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹22.40, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 9.3% over the past three years. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹31.00, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improved over the past week After last week's 16% share price gain to ₹40.15, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 177% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorated over the past week After last week's 27% share price decline to ₹36.65, the stock trades at a trailing P/E ratio of 57.6x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 153% over the past three years. Announcement • Sep 04
S. M. Gold Limited Appoints Jagdishkumar Jivantlal Loladiya as Additional Independent Director The board of directors of S. M. Gold Limited meeting held on September 3, 2022, approved the appointment of Mr. Jagdishkumar Jivantlal Loladiya as additional Independent Director of the company, with effect from September 3, 2022. He has 15 year experience in Jewellary field. Recent Insider Transactions • Aug 30
CFO & Executive Director recently sold ₹3.9m worth of stock On the 26th of August, Priyank Shah sold around 57k shares on-market at roughly ₹67.94 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Priyank's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹48.50, the stock trades at a trailing P/E ratio of 76.2x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 235% over the past three years. Announcement • Jul 28
S. M. Gold Limited to Report Q1, 2023 Results on Aug 04, 2022 S. M. Gold Limited announced that they will report Q1, 2023 results on Aug 04, 2022 Announcement • May 25
S. M. Gold Limited to Report Second Half, 2022 Results on May 30, 2022 S. M. Gold Limited announced that they will report second half, 2022 results on May 30, 2022 Board Change • Apr 27
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 Non Executive Independent Director Ganpatbhai Nayi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
S. M. Gold Limited to Report Fiscal Year 2021 Results on Apr 09, 2022 S. M. Gold Limited announced that they will report fiscal year 2021 results on Apr 09, 2022 Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.09 (down from ₹0.21 in 3Q 2021). Revenue: ₹209.1m (up 36% from 3Q 2021). Net income: ₹906.0k (down 56% from 3Q 2021). Profit margin: 0.4% (down from 1.3% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has increased by 169% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 17
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 Non Executive Independent Director Ganpatbhai Nayi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 25
CFO & Executive Director recently sold ₹9.1m worth of stock On the 20th of August, Priyank Shah sold around 69k shares on-market at roughly ₹131 per share. In the last 3 months, they made an even bigger sale worth ₹13m. Priyank has been a seller over the last 12 months, reducing personal holdings by ₹22m. Recent Insider Transactions • Jul 22
CFO & Executive Director recently sold ₹13m worth of stock On the 20th of July, Priyank Shah sold around 124k shares on-market at roughly ₹107 per share. This was the largest sale by an insider in the last 3 months. This was Priyank's only on-market trade for the last 12 months. Reported Earnings • Jul 06
Full year 2021 earnings released: EPS ₹0.60 (vs ₹0.14 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹338.4m (up 16% from FY 2020). Net income: ₹6.07m (up 331% from FY 2020). Profit margin: 1.8% (up from 0.5% in FY 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 05
New 90-day high: ₹27.50 The company is up 24% from its price of ₹22.25 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹20.20, the stock is trading at a trailing P/E ratio of 74.8x, down from the previous P/E ratio of 92.6x. This compares to an average P/E of 20x in the Luxury industry in India. Total return to shareholders over the past year is a loss of 11%. Is New 90 Day High Low • Feb 04
New 90-day low: ₹20.20 The company is down 9.0% from its price of ₹22.25 on 06 November 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 23% over the same period. Announcement • Jun 28
S. M. Gold Limited to Report Fiscal Year 2020 Results on Jun 30, 2020 S. M. Gold Limited announced that they will report fiscal year 2020 results on Jun 30, 2020 
