Reported Earnings • Jun 12
Full year 2026 earnings released: EPS: ₹6.92 (vs ₹3.21 in FY 2025) Full year 2026 results: EPS: ₹6.92 (up from ₹3.21 in FY 2025). Revenue: ₹598.7m (up 37% from FY 2025). Net income: ₹104.4m (up 116% from FY 2025). Profit margin: 17% (up from 11% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • May 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. 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 (22% average weekly change). Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Market cap is less than US$100m (₹4.14b market cap, or US$43.6m). Announcement • May 23
Maruti Interior Products Limited to Report Second Half, 2026 Results on May 30, 2026 Maruti Interior Products Limited announced that they will report second half, 2026 results on May 30, 2026 Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹73.46, the stock trades at a trailing P/E ratio of 71.7x. Average trailing P/E is 40x in the Consumer Durables industry in India. Total returns to shareholders of 198% over the past three years. New Risk • Apr 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 300% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹3.91b market cap, or US$42.0m). Announcement • Apr 08
Maruti Interior Products Limited has completed a Follow-on Equity Offering in the amount of INR 453 million. Maruti Interior Products Limited has completed a Follow-on Equity Offering in the amount of INR 453 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 45,300,000
Price\Range: INR 10
Transaction Features: Regulation S; Rights Offering Announcement • Mar 26
Maruti Interior Products Limited (BSE:543464) completed the acquisition of Vina Metal Recycling Company Limited. Maruti Interior Products Limited (BSE:543464) acquired Vina Metal Recycling Company Limited for approximately INR 180 million on February 3, 2026. A cash consideration of INR 182.2 million will be paid by Maruti Interior Products Limited. As part of consideration, INR 182.2 million is paid towards common equity of Vina Metal Recycling Company Limited.
For the period ending March 31, 2025, Vina Metal Recycling Company Limited reported total revenue of INR 140 million.
The transaction is subject to RBI Approvals and approval of offer by Maruti Interior Products board. The deal has been approved by the board. The proposed acquisition is expected to complete within 12 months or such later date as may be mutually agreed upon by the Parties.
Maruti Interior Products Limited (BSE:543464) completed the acquisition of Vina Metal Recycling Company Limited on March 25, 2026. The required RBI Approvals have been obtained. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹168, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 39x in the Consumer Durables industry in India. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹108, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 42x in the Consumer Durables industry in India. Total returns to shareholders of 31% over the past three years. Reported Earnings • Nov 17
First half 2026 earnings released: EPS: ₹1.97 (vs ₹1.08 in 1H 2025) First half 2026 results: EPS: ₹1.97 (up from ₹1.08 in 1H 2025). Revenue: ₹326.6m (up 79% from 1H 2025). Net income: ₹29.7m (up 83% from 1H 2025). Profit margin: 9.1% (up from 8.9% in 1H 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹108, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 45x in the Consumer Durables industry in India. Total returns to shareholders of 20% over the past three years. Announcement • Nov 05
Maruti Interior Products Limited to Report First Half, 2026 Results on Nov 11, 2025 Maruti Interior Products Limited announced that they will report first half, 2026 results on Nov 11, 2025 New Risk • Sep 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹879.3m (US$9.90m) 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 Risk Market cap is less than US$10m (₹879.3m market cap, or US$9.90m). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Revenue is less than US$5m (₹437m revenue, or US$4.9m). Reported Earnings • Sep 12
Full year 2025 earnings released: EPS: ₹3.21 (vs ₹2.24 in FY 2024) Full year 2025 results: EPS: ₹3.21 (up from ₹2.24 in FY 2024). Revenue: ₹437.0m (up 16% from FY 2024). Net income: ₹48.4m (up 43% from FY 2024). Profit margin: 11% (up from 8.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Sep 10
Maruti Interior Products Limited, Annual General Meeting, Sep 30, 2025 Maruti Interior Products Limited, Annual General Meeting, Sep 30, 2025, at 14:00 Indian Standard Time. Location: plot no.13, survey no 236, krishna ind estate veraval, tal.kotda, sangani, veraval-360024., gujarat, veraval India New Risk • Jul 28
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 6.9% 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: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹1.03b market cap, or US$11.9m). Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹3.21 (vs ₹2.24 in FY 2024) Full year 2025 results: EPS: ₹3.21 (up from ₹2.24 in FY 2024). Revenue: ₹438.9m (up 17% from FY 2024). Net income: ₹48.4m (up 43% from FY 2024). Profit margin: 11% (up from 9.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. Announcement • May 19
Maruti Interior Products Limited to Report Second Half, 2025 Results on May 23, 2025 Maruti Interior Products Limited announced that they will report second half, 2025 results on May 23, 2025 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹139, the stock trades at a trailing P/E ratio of 78.3x. Average trailing P/E is 49x in the Consumer Durables industry in India. Total returns to shareholders of 25% over the past year. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹104, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 53x in the Consumer Durables industry in India. Total returns to shareholders of 7.0% over the past year. Reported Earnings • Nov 18
First half 2025 earnings released: EPS: ₹1.08 (vs ₹1.53 in 1H 2024) First half 2025 results: EPS: ₹1.08 (down from ₹1.53 in 1H 2024). Revenue: ₹182.1m (down 7.4% from 1H 2024). Net income: ₹16.2m (down 30% from 1H 2024). Profit margin: 8.9% (down from 12% in 1H 2024). The decrease in margin was driven by lower revenue. New Risk • Nov 12
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 8.7% 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 Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Revenue is less than US$5m (₹376m revenue, or US$4.5m). Market cap is less than US$100m (₹1.20b market cap, or US$14.2m). Announcement • Nov 06
Maruti Interior Products Limited to Report First Half, 2025 Results on Nov 12, 2024 Maruti Interior Products Limited announced that they will report first half, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹85.24, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 54x in the Consumer Durables industry in India. Total loss to shareholders of 23% over the past year. Announcement • Oct 12
Maruti Interior Products Limited Appoints of Kaushikkumar Rajubhai Kalasariya as Company Secretary and Compliance Officer Maruti Interior Products Limited announced the appointment of Kaushikkumar Rajubhai Kalasariya as Company Secretary and Compliance Officer with effect from October 12, 2024. Ms. Kaushikkumar Rajubhai Kalasariya holds a Professional Degree of Company Secretary. He is an associate member of Institute of Company Secretary of India and having insight in areas of Corporate Laws, and SEBI related Matters. Announcement • Oct 08
Maruti Interior Products Limited Announces Resignation of Priyanka Gola as Company Secretary and Compliance Officer Maruti Interior Products Limited announced that due to personal reasons CS Priyanka Gola has tendered his resignation from the post of Company Secretary and Compliance officer of the Company from the close of working hours of 08th October, 2024. Announcement • Sep 06
Maruti Interior Products Limited, Annual General Meeting, Sep 28, 2024 Maruti Interior Products Limited, Annual General Meeting, Sep 28, 2024, at 14:00 Indian Standard Time. Location: plot no.13, survey no 236, krishna ind estate veraval, tal.kotda, sangani, veraval-360024., gujarat, veraval India Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹84.00, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 49x in the Consumer Durables industry in India. Total returns to shareholders of 13% over the past year. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹2.24 (vs ₹2.69 in FY 2023) Full year 2024 results: EPS: ₹2.24 (down from ₹2.69 in FY 2023). Revenue: ₹379.7m (flat on FY 2023). Net income: ₹33.8m (down 17% from FY 2023). Profit margin: 8.9% (down from 11% in FY 2023). New Risk • May 27
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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (₹377m revenue, or US$4.5m). Market cap is less than US$100m (₹1.56b market cap, or US$18.7m). Announcement • May 24
Maruti Interior Products Limited to Report Fiscal Year 2024 Results on May 28, 2024 Maruti Interior Products Limited announced that they will report fiscal year 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹120, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 41x in the Consumer Durables industry in India. Total returns to shareholders of 56% over the past year. New Risk • Mar 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (9.8% average weekly change). Revenue is less than US$5m (₹379m revenue, or US$4.5m). Market cap is less than US$100m (₹1.60b market cap, or US$19.2m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹88.35, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 44x in the Consumer Durables industry in India. Total returns to shareholders of 24% over the past year. Announcement • Feb 19
Maruti Interior Products Ltd. Approves the Appointment of Priyanka Kishorbhai Gola as Company Secretary and Compliance Officer Maruti Interior Products Ltd. at the board meeting held on February 19, 2024, approved the appointment of Priyanka Kishorbhai Gola as Company Secretary and Compliance Officer with effect from February 19, 2024. Reason for change: Appointment to fill up vacancy due to resignation of Company Secretary. Ms. Priyanka Gola, Indian Citizen, is a qualified Company Secretary from The Institute of Company Secretaries of India and have cleared Bachelor degree inLaw (LLB). She has a Bachelor Degree in Commerce from Suarastra University. Priyanka Gola having more than 6 years of an experience as Key Managerial Personnel in one of the well-known Listed Company namely TGB Banquets andHotels Limited which is listed on both Stock exchanges of India on main platform. She is also the founder and proprietor of well known Corporate Law firm namely M/s. Priyanka Gola and Associates, Practicing Company Secretaries, Ahmedabad. She has more than 10 years ofwork experience in diversified areas including Corporate Laws, Corporate Governance, Tax, ITes and amongst other services across a wide range of industries. She has an experience of Compliance Officer of listed entity as wellas also appointed as a nodal Officer for the link between Stakeholder & the Company. Also worked with NBFCs and SEBI Regulatory RIAs and handling all the compliances of PoSH, Foreign Investments, PIT regulations etc. Further, she holds the position of an Independent Director- non executive in many companies which are listed on the Main board as well as SME platforms of one or more stock exchanges and delivers her professional advisory services to those companies. She registered herself on the platform independent Director's Databank of IICA. And also holds qualifications to appointed as an Independent Director on the board of any Listed Company in India as well as on overseas companies. Her strength lies in deliverance for successful results of work assignments, with integrity and client satisfaction. She has laid roles for leadership, task performance with team, one-stop solutions for foreign Directors with Indian counterparts for overseas subsidiaries. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹133, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 50x in the Consumer Durables industry in India. Total returns to shareholders of 51% over the past year. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹110, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 50x in the Consumer Durables industry in India. Total returns to shareholders of 31% over the past year. Announcement • Nov 21
Maruti Interior Products Limited Announces Resignation of CS Pradeepkumar Joisar as Company Secretary and Compliance Officer Maruti Interior Products Limited informed that due to personal reasons CS Pradeepkumar Joisar has tendered his resignation from the post of Company Secretary and Compliance officer of the Company from the close of working hours of 20th November, 2023. Announcement • Nov 04
Maruti Interior Products Limited to Report Q2, 2024 Results on Nov 09, 2023 Maruti Interior Products Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹124, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 44x in the Consumer Durables industry in India. Total returns to shareholders of 27% over the past year. New Risk • Oct 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹715.7m (US$8.60m) 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 High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (₹715.7m market cap, or US$8.60m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). Revenue is less than US$5m (₹379m revenue, or US$4.6m). Announcement • Sep 05
Maruti Interior Products Limited, Annual General Meeting, Sep 26, 2023 Maruti Interior Products Limited, Annual General Meeting, Sep 26, 2023, at 11:30 Indian Standard Time. Location: Plot No. 13, Survey No. 236, Krishna Ind Estate Veraval Gujarat India Agenda: To consider and adopt the audited standalone financial statement of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereon; and the audited consolidated financial statement of the Company for the financial year ended March 31, 2023 and the report of Auditors thereon; to consider appoint a Director in place of Mr. Nirbhay Paresh Lunagaria who retires by rotation and being eligible, offers him-self for re- appointment; and to consider other matters. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹149, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 38x in the Consumer Durables industry in India. Total returns to shareholders of 99% over the past year. Announcement • May 31
Maruti Interior Products Limited Announces Declaration of Interim Dividend for Fiscal 2023 Maruti Interior Products Limited announced declaration of Interim dividend of INR 0.50 per paid up equity shares of INR 10 each (i.e. @ 5%). Further, In Pursuance to the Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Record date for the dividend has been fixed as 9th June 2023. Announcement • May 25
Maruti Interior Products Limited to Report Second Half, 2023 Results on May 30, 2023 Maruti Interior Products Limited announced that they will report second half, 2023 results on May 30, 2023 Reported Earnings • Nov 16
First half 2023 earnings released: EPS: ₹3.37 (vs ₹2.59 in 1H 2022) First half 2023 results: EPS: ₹3.37 (up from ₹2.59 in 1H 2022). Revenue: ₹199.5m (up 43% from 1H 2022). Net income: ₹25.5m (up 71% from 1H 2022). Profit margin: 13% (up from 11% in 1H 2022). The increase in margin was driven by higher revenue. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non Executive Director Sudhir Kolte was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 13
First half 2023 earnings released: EPS: ₹3.37 (vs ₹2.59 in 1H 2022) First half 2023 results: EPS: ₹3.37 (up from ₹2.59 in 1H 2022). Revenue: ₹199.5m (up 43% from 1H 2022). Net income: ₹25.5m (up 71% from 1H 2022). Profit margin: 13% (up from 11% in 1H 2022). The increase in margin was driven by higher revenue. Announcement • Nov 06
Maruti Interior Products Limited to Report Q2, 2023 Results on Nov 11, 2022 Maruti Interior Products Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₹169, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 42x in the Consumer Durables industry in India. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₹186, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 43x in the Consumer Durables industry in India. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 30% share price gain to ₹142, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 37x in the Consumer Durables industry in India. Announcement • Aug 05
Maruti Interior Products Limited, Annual General Meeting, Aug 30, 2022 Maruti Interior Products Limited, Annual General Meeting, Aug 30, 2022, at 15:30 Indian Standard Time. Location: Plot No 13 Survey No 236 Krishna Ind Estate Veraval,Tal. Kotda Sangani Veraval Gujarat India Agenda: To receive consider and adopt the audited standalone and consolidated financial statements including Balance Sheet as at March 31, 2022, Statement of Profit & Loss Account for financial year ended March 31, 2022, Balance Sheet as at March 31, 2022, Statement of Profit & Loss and Cash Flow Statement as on that date and the Explanatory Notes annexed to, and forming part of, any of the above documents together with the Report of the Board of Directors' and Auditors' thereon; to consider appointment of Director in place of Mr. Purushotam Rudabhai who retires by rotation and being eligible, offers him-self for re- appointment; and to consider the appointment of the current auditors M/s H.B. Kalaria & Associates Chartered Accountants as the Statutory Auditors of the Company and to fix their remuneration and to pass the resolution as an Ordinary Resolution. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 20% share price gain to ₹89.15, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 38x in the Consumer Durables industry in India. Announcement • Jul 08
Maruti Interior Products Limited Appoints Pradeep Kumar Kanjibhai Joisar as Company Secretary and Compliance Officer Maruti Interior Products Limited announced that at the board meeting held on July 7, 2022, the company approved the appointment of Mr. Pradeep kumar Kanjibhai Joisar as Company Secretary and Compliance Officer with effect from 7th July 2022. Mr. Pradeep kumar Kanjibhai Joisar holds a Professional Degree of Company Secretary. He is an associate member of Institute of Company Secretary of India and having insight in areas of Corporate Laws, and SEBI related Matters. Announcement • Jul 06
Maruti Interior Products Limited Approves Resignation of Deepali Malpani as Company Secretary Maruti Interior Products Limited approved resignation of Ms. Deepali Malpani as a Company Secretary and Compliance Officer of the Company with effect from 05.07.2022. Reported Earnings • Jun 05
Full year 2022 earnings released: EPS: ₹5.15 (vs ₹2.78 in FY 2021) Full year 2022 results: EPS: ₹5.15 (up from ₹2.78 in FY 2021). Revenue: ₹279.7m (up 84% from FY 2021). Net income: ₹29.9m (up 93% from FY 2021). Profit margin: 11% (in line with FY 2021). Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹65.60, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 38x in the Consumer Durables industry in India. Announcement • May 22
Maruti Interior Products Limited to Report Q4, 2022 Final Results on May 30, 2022 Maruti Interior Products Limited announced that they will report Q4, 2022 final results on May 30, 2022 Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₹75.80, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 38x in the Consumer Durables industry in India. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non Executive Chairman Sudhir Kolte was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₹64.60, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 43x in the Consumer Durables industry in India. Board Change • Feb 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non Executive Chairman Sudhir Kolte was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
