Reported Earnings • Aug 15
First quarter 2027 earnings released: EPS: ₹4.29 (vs ₹2.91 in 1Q 2026) First quarter 2027 results: EPS: ₹4.29 (up from ₹2.91 in 1Q 2026). Revenue: ₹1.97b (up 25% from 1Q 2026). Net income: ₹22.6m (up 47% from 1Q 2026). Profit margin: 1.1% (up from 1.0% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Aug 14
Salona Cotspin Limited, Annual General Meeting, Sep 23, 2026 Salona Cotspin Limited, Annual General Meeting, Sep 23, 2026. Reported Earnings • Jun 01
Full year 2026 earnings released: EPS: ₹2.97 (vs ₹5.95 in FY 2025) Full year 2026 results: EPS: ₹2.97 (down from ₹5.95 in FY 2025). Revenue: ₹5.94b (down 10% from FY 2025). Net income: ₹15.6m (down 50% from FY 2025). Profit margin: 0.3% (down from 0.5% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹0.62 (vs ₹3.01 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.62 (down from ₹3.01 in 3Q 2025). Revenue: ₹1.56b (down 1.7% from 3Q 2025). Net income: ₹3.28m (down 79% from 3Q 2025). Profit margin: 0.2% (down from 1.0% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 19
Second quarter 2026 earnings released: EPS: ₹2.03 (vs ₹4.16 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.03 (down from ₹4.16 in 2Q 2025). Revenue: ₹1.71b (up 2.8% from 2Q 2025). Net income: ₹10.7m (down 51% from 2Q 2025). Profit margin: 0.6% (down from 1.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • Nov 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 6.8% 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 (1.3x net interest cover). Earnings have declined by 5.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (₹1.33b market cap, or US$15.0m). Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹293, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 24x in the Luxury industry in India. Total returns to shareholders of 11% over the past three years. Announcement • Aug 25
Salona Cotspin Limited, Annual General Meeting, Sep 19, 2025 Salona Cotspin Limited, Annual General Meeting, Sep 19, 2025, at 12:15 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₹1.57b (down 17% from 1Q 2025). Net income: ₹15.3m (down 33% from 1Q 2025). Profit margin: 1.0% (down from 1.2% in 1Q 2025). The decrease in margin was driven by lower revenue. 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 1% per year, which means it is well ahead of earnings. New Risk • Jun 28
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: 0.5% Last year net profit margin: 0.8% 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 Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₹1.33b market cap, or US$15.6m). New Risk • Mar 21
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 8.2% 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 Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₹1.26b market cap, or US$14.7m). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹3.01 (vs ₹2.74 in 3Q 2024) Third quarter 2025 results: EPS: ₹3.01 (up from ₹2.74 in 3Q 2024). Revenue: ₹1.58b (down 23% from 3Q 2024). Net income: ₹15.8m (up 9.8% from 3Q 2024). Profit margin: 1.0% (up from 0.7% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Nov 30
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 7.6% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₹1.45b market cap, or US$17.1m). Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹4.16 (vs ₹3.28 in 2Q 2024) Second quarter 2025 results: EPS: ₹4.16 (up from ₹3.28 in 2Q 2024). Revenue: ₹1.66b (down 21% from 2Q 2024). Net income: ₹21.9m (up 27% from 2Q 2024). Profit margin: 1.3% (up from 0.8% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. 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 ₹314, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 58% over the past three years. Announcement • Aug 29
Salona Cotspin Limited, Annual General Meeting, Sep 23, 2024 Salona Cotspin Limited, Annual General Meeting, Sep 23, 2024, at 10:30 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2025 earnings released First quarter 2025 results: Revenue: ₹1.90b (up 35% from 1Q 2024). Net income: ₹22.7m (up 11% from 1Q 2024). Profit margin: 1.2% (down from 1.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹11.64 (vs ₹33.39 in FY 2023) Full year 2024 results: EPS: ₹11.64 (down from ₹33.39 in FY 2023). Revenue: ₹7.23b (up 48% from FY 2023). Net income: ₹61.3m (down 65% from FY 2023). Profit margin: 0.8% (down from 3.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹2.74 (vs ₹4.98 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.74 (down from ₹4.98 in 3Q 2023). Revenue: ₹2.07b (up 124% from 3Q 2023). Net income: ₹14.4m (down 45% from 3Q 2023). Profit margin: 0.7% (down from 2.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 11
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: 1.6% Last year net profit margin: 3.4% 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 Interest payments are not well covered by earnings (1.7x net interest cover). High level of non-cash earnings (60% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (₹1.55b market cap, or US$18.6m). Announcement • Sep 05
Salona Cotspin Limited, Annual General Meeting, Sep 25, 2023 Salona Cotspin Limited, Annual General Meeting, Sep 25, 2023, at 10:00 Indian Standard Time. Agenda: To Consider and adopt the Audited Financial Statements of the Company for the Financial Year Ended 31 March 2023, together with the Report of the Board of Directors and the Auditors thereon; to discuss Declare a Dividend on Equity Shares; to appoint a director in the place of Shree Arunkumar Jhajharia; to Appointment of Shree Raghav Agarwal as a Director of the Company; to Appointment of Shree Prabhu as aDirector of the Company; to Approval of the Material Related Party Transactions; to discuss Increase in the Managerial Remuneration of Managing Director; to discuss Increase in Managerial Remuneration of Joint Managing Director; and to discuss other matters. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹3.91 (vs ₹12.07 in 1Q 2023) First quarter 2024 results: EPS: ₹3.91 (down from ₹12.07 in 1Q 2023). Revenue: ₹1.41b (down 9.4% from 1Q 2023). Net income: ₹20.6m (down 68% from 1Q 2023). Profit margin: 1.5% (down from 4.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 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. 2 experienced directors. 4 highly experienced directors. Additional Non-Executive Independent Director Hari Ganesh was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹294, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 403% over the past three years. Reported Earnings • May 28
Full year 2023 earnings released: EPS: ₹33.39 (vs ₹37.60 in FY 2022) Full year 2023 results: EPS: ₹33.39 (down from ₹37.60 in FY 2022). Revenue: ₹4.87b (down 25% from FY 2022). Net income: ₹175.7m (down 11% from FY 2022). Profit margin: 3.6% (up from 3.1% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹4.98 (vs ₹12.69 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.98 (down from ₹12.69 in 3Q 2022). Revenue: ₹922.4m (down 46% from 3Q 2022). Net income: ₹26.2m (down 61% from 3Q 2022). Profit margin: 2.8% (down from 3.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹10.36 (vs ₹13.48 in 2Q 2022) Second quarter 2023 results: EPS: ₹10.36 (down from ₹13.48 in 2Q 2022). Revenue: ₹927.3m (down 44% from 2Q 2022). Net income: ₹54.5m (down 23% from 2Q 2022). Profit margin: 5.9% (up from 4.3% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹309, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 343% over the past three years. Announcement • Sep 07
Salona Cotspin Limited, Annual General Meeting, Sep 28, 2022 Salona Cotspin Limited, Annual General Meeting, Sep 28, 2022, at 10:00 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2022 including Balance sheet as at 31st March, 2022, Statement of Profit and Loss and Cash Flow Statement for the year ended 31st March, 2022, - and the Reports of the Board of Directors and Auditors thereon; to Declare Dividend on equity shares; to Re-appoint the Statutory Auditors and to fix their remuneration; to Sri.Arun Kumar Jhajharia, Executive Director, for a Term of 5 years and payment of remuneration to him; and to consider other matter. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹12.07 (vs ₹8.96 in 1Q 2022) First quarter 2023 results: EPS: ₹12.07 (up from ₹8.96 in 1Q 2022). Revenue: ₹1.55b (up 9.7% from 1Q 2022). Net income: ₹63.5m (up 35% from 1Q 2022). Profit margin: 4.1% (up from 3.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹37.60 (vs ₹11.78 in FY 2021) Full year 2022 results: EPS: ₹37.60 (up from ₹11.78 in FY 2021). Revenue: ₹6.47b (up 181% from FY 2021). Net income: ₹197.9m (up 219% from FY 2021). Profit margin: 3.1% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 29% share price gain to ₹289, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 308% over the past three years. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹12.69 (up from ₹5.03 in 3Q 2021). Revenue: ₹1.71b (up 140% from 3Q 2021). Net income: ₹66.8m (up 152% from 3Q 2021). Profit margin: 3.9% (up from 3.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹257, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 257% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 17% share price gain to ₹307, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 344% over the past three years. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 21% share price gain to ₹238, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 221% over the past three years. Upcoming Dividend • Sep 01
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 16 October 2021. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹183, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 121% over the past three years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 23% share price gain to ₹231, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 219% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₹166, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 114% over the past three years. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS ₹11.78 (vs ₹2.23 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.30b (up 89% from FY 2020). Net income: ₹62.0m (up 428% from FY 2020). Profit margin: 2.7% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 36% share price gain to ₹151, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₹113, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹77.40, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₹83.00, the stock is trading at a trailing P/E ratio of 10.8x, up from the previous P/E ratio of 9.3x. This compares to an average P/E of 17x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 34%. Is New 90 Day High Low • Feb 15
New 90-day high: ₹78.95 The company is up 23% from its price of ₹64.00 on 17 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 20% over the same period. Announcement • Feb 04
Salona Cotspin Limited to Report Q3, 2021 Results on Feb 12, 2021 Salona Cotspin Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹2.37 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹529.4m (up 82% from 2Q 2020). Net income: ₹12.5m (up ₹11.1m from 2Q 2020). Profit margin: 2.4% (up from 0.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 10
Market pulls back on stock over the past week After last week's 16% share price decline to ₹65.60, the stock is trading at a trailing P/E ratio of 61.3x, down from the previous P/E ratio of 73.2x. This compares to an average P/E of 15x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 49%. Valuation Update With 7 Day Price Move • Nov 02
Market bids up stock over the past week After last week's 20% share price gain to ₹65.30, the stock is trading at a trailing P/E ratio of 61x, up from the previous P/E ratio of 50.9x. This compares to an average P/E of 15x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 50%. Valuation Update With 7 Day Price Move • Oct 22
Market bids up stock over the past week After last week's 16% share price gain to ₹57.95, the stock is trading at a trailing P/E ratio of 54.1x, up from the previous P/E ratio of 46.7x. This compares to an average P/E of 14x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 53%. Valuation Update With 7 Day Price Move • Oct 19
Market bids up stock over the past week After last week's 16% share price gain to ₹59.95, the stock is trading at a trailing P/E ratio of 56x, up from the previous P/E ratio of 48.4x. This compares to an average P/E of 14x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 53%. Is New 90 Day High Low • Oct 13
New 90-day low: ₹50.00 The company is down 20% from its price of ₹62.40 on 07 July 2020. The Indian market is up 11% 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 • Aug 15
Salona Cotspin Limited to Report Q1, 2021 Results on Aug 14, 2020 Salona Cotspin Limited announced that they will report Q1, 2021 results on Aug 14, 2020 
