New Risk • Jul 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹996.3m (US$10.4m) 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 (60% accrual ratio). Shareholders have been substantially diluted in the past year (109% increase in shares outstanding). Market cap is less than US$10m (₹996.3m market cap, or US$10.4m). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹48.45, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 126% over the past year. New Risk • Jul 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 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 High level of non-cash earnings (60% accrual ratio). Shareholders have been substantially diluted in the past year (109% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹1.10b market cap, or US$11.5m). Reported Earnings • May 18
Full year 2026 earnings released: EPS: ₹4.92 (vs ₹2.60 in FY 2025) Full year 2026 results: EPS: ₹4.92 (up from ₹2.60 in FY 2025). Revenue: ₹839.8m (up 258% from FY 2025). Net income: ₹89.5m (up 268% from FY 2025). Profit margin: 11% (in line with FY 2025). Announcement • May 14
Retaggio Industries Limited to Report Q4, 2026 Results on May 15, 2026 Retaggio Industries Limited announced that they will report Q4, 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹44.25, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 16x in the Luxury industry in India. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹44.97, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 18x in the Luxury industry in India. Announcement • Jan 23
Retaggio Industries Limited announced that it has received INR 124.215 million in funding from M/s. Retaggio Trading Services LLP, Retaggio Ventures LLP, Retaggio Hospitality LLP, Urja Ships Private Limited, Uniworth Consultants Private Limited On January 22, 2026, Retaggio Industries Limited closed the transaction by closing its final tranche. The final tranche consists of 5,304,000 Convertible Equity Warrants at an issue price of INR 6.5 for the proceeds of INR 34,476,000. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹51.10, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 21x in the Luxury industry in India. New Risk • Nov 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 52% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (52% accrual ratio). Market cap is less than US$10m (₹340.8m market cap, or US$3.84m). Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₹30.36, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 24x in the Luxury industry in India. New Risk • Nov 07
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 7.2% 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 (5.8% operating cash flow to total debt). Market cap is less than US$10m (₹237.0m market cap, or US$2.67m). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Revenue is less than US$5m (₹235m revenue, or US$2.6m). Announcement • Nov 04
Retaggio Industries Limited to Report Q2, 2026 Results on Nov 08, 2025 Retaggio Industries Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 08, 2025 Announcement • Oct 01
Retaggio Industries Limited Approves Regularisation of Additional Director Mr. Narendra Singh Chouhan as A Non-Executive Director Retaggio Industries Limited at its Annual General Meeting, held on September 30, 2025, approved regularisation of Additional Director Mr. Narendra Singh Chouhan (Din: 11171443) as a Non-Executive Director of The Company. Announcement • Sep 10
Retaggio Industries Limited, Annual General Meeting, Sep 30, 2025 Retaggio Industries Limited, Annual General Meeting, Sep 30, 2025, at 14:00 Indian Standard Time. Reported Earnings • Sep 10
Full year 2025 earnings released: EPS: ₹2.60 (vs ₹3.64 in FY 2024) Full year 2025 results: EPS: ₹2.60 (down from ₹3.64 in FY 2024). Revenue: ₹234.9m (flat on FY 2024). Net income: ₹24.3m (down 29% from FY 2024). Profit margin: 10% (down from 15% in FY 2024). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹23.14, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 26x in the Luxury industry in India. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹2.60 (vs ₹3.57 in FY 2024) Full year 2025 results: EPS: ₹2.60 (down from ₹3.57 in FY 2024). Revenue: ₹234.9m (flat on FY 2024). Net income: ₹24.3m (down 27% from FY 2024). Profit margin: 10% (down from 14% in FY 2024). Announcement • May 21
Retaggio Industries Limited to Report Q4, 2025 Results on May 28, 2025 Retaggio Industries Limited announced that they will report Q4, 2025 results on May 28, 2025 Board Change • Apr 07
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. Independent Director Mitesh Patnecha 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. 
