Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹9.50, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 19x in the Luxury industry in India. Total loss to shareholders of 85% over the past three years. Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: ₹1.67 (vs ₹1.75 in FY 2025) Full year 2026 results: EPS: ₹1.67 (down from ₹1.75 in FY 2025). Revenue: ₹569.5m (up 2.9% from FY 2025). Net income: ₹23.1m (down 4.7% from FY 2025). Profit margin: 4.1% (down from 4.4% 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 15% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Announcement • May 25
Goblin India Limited to Report Second Half, 2026 Results on May 30, 2026 Goblin India Limited announced that they will report second half, 2026 results on May 30, 2026 Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹8.47, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 19x in the Luxury industry in India. Total loss to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹7.22, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹7.00, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 90% over the past three years. New Risk • Mar 09
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 9.9% 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 Share price has been highly volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$10m (₹97.4m market cap, or US$1.06m). Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin). Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹9.00, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 19x in the Luxury industry in India. Total loss to shareholders of 87% over the past three years. New Risk • Nov 17
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: 1.3% Last year net profit margin: 9.4% 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 Share price has been highly volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$10m (₹183.2m market cap, or US$2.07m). Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin). Announcement • Nov 11
Goblin India Limited to Report First Half, 2026 Results on Nov 14, 2025 Goblin India Limited announced that they will report first half, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹15.27, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 23x in the Luxury industry in India. Total loss to shareholders of 78% over the past three years. Reported Earnings • Sep 11
Full year 2025 earnings released: EPS: ₹1.75 (vs ₹1.79 in FY 2024) Full year 2025 results: EPS: ₹1.75 (down from ₹1.79 in FY 2024). Revenue: ₹553.2m (up 25% from FY 2024). Net income: ₹24.2m (down 2.1% from FY 2024). Profit margin: 4.4% (down from 5.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Sep 08
Goblin India Limited, Annual General Meeting, Sep 30, 2025 Goblin India Limited, Annual General Meeting, Sep 30, 2025, at 09:30 Indian Standard Time. Location: 1st floor, camex house, stadium-, commerce road, navrangpura, ahmedabad - 380009, gujarat, ahmedabad India Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹20.51, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 24x in the Luxury industry in India. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹19.01, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 27x in the Luxury industry in India. Negligible returns to shareholders over past three years. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹1.75 (vs ₹1.79 in FY 2024) Full year 2025 results: EPS: ₹1.75 (down from ₹1.79 in FY 2024). Revenue: ₹569.1m (up 28% from FY 2024). Net income: ₹24.2m (down 2.1% from FY 2024). Profit margin: 4.3% (down from 5.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • May 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₹279.1m market cap, or US$3.26m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • May 22
Goblin India Limited to Report Second Half, 2025 Results on May 30, 2025 Goblin India Limited announced that they will report second half, 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹24.69, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 22x in the Luxury industry in India. Total loss to shareholders of 5.6% over the past three years. New Risk • Apr 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 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (₹316.5m market cap, or US$3.67m). Announcement • Apr 03
Goblin India Limited Announces Resignation of Harshita Singhal as Independent Director, Effective April 02, 2025 Goblin India Limited announced that Ms. Harshita Singhal has tendered her resignation as an Independent Director of the
Company, with effect from close of business hours on April 02, 2025. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹34.05, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 31x in the Luxury industry in India. Total returns to shareholders of 26% over the past three years. Reported Earnings • Nov 05
First half 2025 earnings released First half 2025 results: EPS: ₹2.33. Revenue: ₹249.5m (up 13% from 1H 2024). Net income: ₹32.2m (up 163% from 1H 2024). Profit margin: 13% (up from 5.6% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Oct 25
Goblin India Limited to Report First Half, 2025 Results on Oct 30, 2024 Goblin India Limited announced that they will report first half, 2025 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹41.42, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 101% over the past three years. Announcement • Sep 11
Goblin India Limited, Annual General Meeting, Sep 28, 2024 Goblin India Limited, Annual General Meeting, Sep 28, 2024, at 11:30 Indian Standard Time. Location: 1st floor, camex house, stadium-, commerce road, navrangpura, ahmedabad - 380009, gujarat, ahmedabad India Reported Earnings • Sep 06
Full year 2024 earnings released: EPS: ₹1.79 (vs ₹1.31 in FY 2023) Full year 2024 results: EPS: ₹1.79 (up from ₹1.31 in FY 2023). Revenue: ₹463.1m (up 28% from FY 2023). Net income: ₹24.8m (up 47% from FY 2023). Profit margin: 5.3% (up from 4.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. New Risk • May 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (₹697.9m market cap, or US$8.38m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (₹405m revenue, or US$4.9m). Announcement • May 22
Goblin India Limited to Report Fiscal Year 2024 Results on May 29, 2024 Goblin India Limited announced that they will report fiscal year 2024 results on May 29, 2024 New Risk • May 16
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 8.0% 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). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (₹720.9m market cap, or US$8.64m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Revenue is less than US$5m (₹405m revenue, or US$4.9m). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹54.57, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹47.48, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 26x in the Luxury industry in India. Total returns to shareholders of 94% over the past three years. New Risk • Feb 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹816.1m (US$9.84m) This is considered a major 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (₹816.1m market cap, or US$9.84m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Revenue is less than US$5m (₹405m revenue, or US$4.9m). Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹71.39, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₹55.00, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 120% over the past three years. Announcement • Sep 29
Goblin India Limited Approves to Regularize the Appointment of Yatin Hasmukhlal Doshi from Additional Executive Director to Executive Director Goblin India Limited at its AGM held on September 27, 2023, approved to regularize appointment of Mr. Yatin Hasmukhlal Doshi from Additional Executive Director to Executive Director of the company who shall be liable to retire by rotation. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹54.95, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 83% over the past three years. Announcement • Sep 07
Goblin India Limited, Annual General Meeting, Sep 28, 2023 Goblin India Limited, Annual General Meeting, Sep 28, 2023, at 09:30 Indian Standard Time. New Risk • Jun 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹718.6m (US$8.77m) This is considered a major 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 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 (11% average weekly change). Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (₹718.6m market cap, or US$8.77m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (32% increase in shares outstanding). Revenue is less than US$5m (₹363m revenue, or US$4.4m). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹52.00, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 37% over the past three years. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹1.30 (vs ₹1.53 loss in FY 2022) Full year 2023 results: EPS: ₹1.30 (up from ₹1.53 loss in FY 2022). Revenue: ₹390.4m (up 108% from FY 2022). Net income: ₹16.9m (up ₹32.8m from FY 2022). Profit margin: 4.3% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • May 23
Goblin India Limited to Report Fiscal Year 2023 Results on May 30, 2023 Goblin India Limited announced that they will report fiscal year 2023 results on May 30, 2023 Reported Earnings • Nov 17
First half 2023 earnings released First half 2023 results: Revenue: ₹187.0m (up 144% from 1H 2022). Net loss: ₹212.0k (loss narrowed 96% from 1H 2022). Board Change • Nov 16
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. Non-Executive Independent Director Harshita Vinod Singhal 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 • Nov 05
Goblin India Limited to Report First Half, 2023 Results on Nov 14, 2022 Goblin India Limited announced that they will report first half, 2023 results on Nov 14, 2022 Board Change • Sep 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. Non-Executive Independent Director Harshita Vinod Singhal 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. Reported Earnings • Sep 13
Full year 2022 earnings released: ₹1.53 loss per share (vs ₹1.85 loss in FY 2021) Full year 2022 results: ₹1.53 loss per share (improved from ₹1.85 loss in FY 2021). Revenue: ₹187.7m (down 52% from FY 2021). Net loss: ₹16.0m (loss narrowed 17% from FY 2021). Announcement • Sep 07
Goblin India Limited, Annual General Meeting, Sep 29, 2022 Goblin India Limited, Annual General Meeting, Sep 29, 2022, at 09:00 Indian Standard Time. Announcement • Aug 12
Goblin India Limited, Annual General Meeting, Aug 16, 2022 Goblin India Limited, Annual General Meeting, Aug 16, 2022, at 17:00 Indian Standard Time. Location: Amex, House, 1st Floor, Commerce Road, Navrangpura, Ahmedabad, Gujarat, Gujarat India Agenda: To discuss on raising of capital and issuance of Securities on preferential issue basis; To fix the date of Convening Extra Ordinary General Meeting of the Company, and other related matters; To consider and approve the draft notice calling Extra-Ordinary General Meeting of the company for the circulation to the members of the company seeking approval for the item No. 1 mentioned in notice; To consider and transit any other business which may be placed before the board with the permission of the Chairman. Reported Earnings • Jun 02
Full year 2022 earnings released: ₹1.53 loss per share (vs ₹1.85 loss in FY 2021) Full year 2022 results: ₹1.53 loss per share (up from ₹1.85 loss in FY 2021). Revenue: ₹205.8m (down 48% from FY 2021). Net loss: ₹16.0m (loss narrowed 17% from FY 2021). Announcement • May 26
Goblin India Limited to Report Second Half, 2022 Results on May 30, 2022 Goblin India Limited announced that they will report second half, 2022 results on May 30, 2022 Announcement • May 24
Goblin India Limited Appoints Farhat Patel as Company Secretary and Compliance Officer Goblin India Limited announced that, the board of directors in their meeting held on May 21, 2022, has appointed Ms. Farhat Patel, as Company Secretary and Compliance Officer of the company with effect from May 21, 2022 as per the provisions of Section 203 of the Companies Act, 2013 read with relevant applicable Rules, Ms. Farhat Patel will be the Whole Time Key Managerial Personnel of the Company. 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 Nidhi Jain 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. Reported Earnings • Nov 22
First half 2022 earnings: Revenues in line with analyst expectations First half 2022 results: Revenue: ₹76.6m (down 54% from 1H 2021). Net loss: ₹5.14m (loss narrowed 71% from 1H 2021). Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 34% share price gain to ₹22.80, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 27% over the past year. Executive Departure • Feb 20
Independent Director has left the company On the 18th of February, Manojbhai Soni's tenure as Independent Director ended after 1.9 years in the role. We don't have any record of a personal shareholding under Manojbhai's name. A total of 2 executives have left over the last 12 months. Announcement • Feb 19
Goblin India Limited Announces Resignation of Manoj Soni as Independent Director Goblin India Limited announced that, Mr. Manoj Soni have tendered resignation from the position of Independent Director of the company. He shall cease to be the Independent Director of the company with effect from 18 February 2021. Reason for resignation Due to personal reasons. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 21% share price gain to ₹28.40, the stock is trading at a trailing P/E ratio of 5x, up from the previous P/E ratio of 4.1x. This compares to an average P/E of 19x in the Luxury industry in India. Total return to shareholders over the past year is a loss of 72%. Is New 90 Day High Low • Dec 23
New 90-day low: ₹23.80 The company is down 24% from its price of ₹31.25 on 24 September 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 04
New 90-day low: ₹25.30 The company is down 31% from its price of ₹36.50 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 20% over the same period. Announcement • Dec 03
Goblin India Limited Announces the Resignation of Manish Nagori as Chief Financial Officer Goblin India Limited announced that Manish Nagori tender resignation from the post of Chief Financial Officer (CFO) of from immediate effect. Is New 90 Day High Low • Nov 11
New 90-day low: ₹27.25 The company is down 14% from its price of ₹31.75 on 12 August 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 17% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: ₹28.50 The company is down 9.0% from its price of ₹31.35 on 29 July 2020. The Indian market is up 6.0% 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 • Oct 08
Full year earnings released - EPS ₹5.73 Over the last 12 months the company has reported total profits of ₹42.4m, up 23% from the prior year. Total revenue was ₹709.2m over the last 12 months, up 3.6% from the prior year. Profit margins were 6.0%, which is higher than the 5.0% margin from last year. The increase in margin was driven by higher revenue. Is New 90 Day High Low • Oct 05
New 90-day low: ₹29.50 The company is down 18% from its price of ₹36.00 on 06 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 13% over the same period.