Reported Earnings • Jul 28
Full year 2026 earnings released: EPS: ₹46.15 (vs ₹30.42 in FY 2025) Full year 2026 results: EPS: ₹46.15 (up from ₹30.42 in FY 2025). Revenue: ₹17.1b (down 15% from FY 2025). Net income: ₹1.01b (up 52% from FY 2025). Profit margin: 5.9% (up from 3.3% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 11% per year. Announcement • Jul 21
Century Enka Limited to Report Q1, 2027 Results on Jul 28, 2026 Century Enka Limited announced that they will report Q1, 2027 results on Jul 28, 2026 Declared Dividend • Jul 08
Dividend increased to ₹11.00 Dividend of ₹11.00 is 10% higher than last year. Ex-date: 13th August 2026 Payment date: 19th September 2026 Dividend yield will be 2.2%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 7.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 07
Century Enka Limited announces Annual dividend, payable on September 19, 2026 Century Enka Limited announced Annual dividend of INR 11.0000 per share payable on September 19, 2026, ex-date on August 13, 2026 and record date on August 13, 2026. Announcement • Jul 06
Century Enka Limited, Annual General Meeting, Aug 20, 2026 Century Enka Limited, Annual General Meeting, Aug 20, 2026, at 14:30 Indian Standard Time. Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹46.15 (vs ₹30.42 in FY 2025) Full year 2026 results: EPS: ₹46.15 (up from ₹30.42 in FY 2025). Revenue: ₹17.5b (down 13% from FY 2025). Net income: ₹1.01b (up 52% from FY 2025). Profit margin: 5.8% (up from 3.3% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹540, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 46% over the past three years. New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.97b (US$97.4m) This is considered a minor 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 Earnings have declined by 19% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹8.97b market cap, or US$97.4m). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹10.86 (vs ₹6.40 in 3Q 2025) Third quarter 2026 results: EPS: ₹10.86 (up from ₹6.40 in 3Q 2025). Revenue: ₹4.21b (down 15% from 3Q 2025). Net income: ₹237.3m (up 70% from 3Q 2025). Profit margin: 5.6% (up from 2.8% in 3Q 2025). 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 8% per year, which means it is well ahead of earnings. Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: ₹10.22 (vs ₹9.79 in 2Q 2025) Second quarter 2026 results: EPS: ₹10.22 (up from ₹9.79 in 2Q 2025). Revenue: ₹4.17b (down 22% from 2Q 2025). Net income: ₹223.3m (up 4.3% from 2Q 2025). Profit margin: 5.4% (up from 4.0% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 29
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 05 August 2025. Payment date: 11 September 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.9%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 24
Full year 2025 earnings released: EPS: ₹30.42 (vs ₹19.57 in FY 2024) Full year 2025 results: EPS: ₹30.42 (up from ₹19.57 in FY 2024). Revenue: ₹20.0b (up 15% from FY 2024). Net income: ₹664.7m (up 56% from FY 2024). Profit margin: 3.3% (up from 2.5% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jun 19
Century Enka Limited, Annual General Meeting, Aug 12, 2025 Century Enka Limited, Annual General Meeting, Aug 12, 2025, at 14:30 Indian Standard Time. Reported Earnings • May 10
Full year 2025 earnings released: EPS: ₹30.42 (vs ₹19.57 in FY 2024) Full year 2025 results: EPS: ₹30.42 (up from ₹19.57 in FY 2024). Revenue: ₹20.4b (up 17% from FY 2024). Net income: ₹664.7m (up 56% from FY 2024). Profit margin: 3.3% (up from 2.5% 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 46% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹433, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 23x in the Luxury industry in India. Total loss to shareholders of 5.9% over the past three years. Announcement • Apr 29
Century Enka Limited to Report Q4, 2025 Results on May 06, 2025 Century Enka Limited announced that they will report Q4, 2025 results on May 06, 2025 New Risk • Feb 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 7.9% 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: Major Risk Earnings have declined by 5.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹539, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 18% over the past three years. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹6.40 (vs ₹2.14 in 3Q 2024) Third quarter 2025 results: EPS: ₹6.40 (up from ₹2.14 in 3Q 2024). Revenue: ₹4.93b (up 9.5% from 3Q 2024). Net income: ₹139.9m (up 200% from 3Q 2024). Profit margin: 2.8% (up from 1.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Feb 11
Century Enka Limited Appoints Yogesh Shah as Chief Financial Officer, with Effect from 15 February 2025 The board of directors of Century Enka Limited meeting held on February 11, 2025, based on the recommendation of the Nomination and Remuneration Committee has appointed Mr. Yogesh Shah as Chief Financial Officer & Key Managerial Personnel of the Company with effect from 15th February 2025. He is a seasoned professional with 28 years of extensive experience in the field of Finance and Accounts, which includes 26 yrs. with Century, ABG. Currently he is serving as the Senior Vice President (Finance & Commercial) at Grasim Industries Ltd. (Cellulosic Fashion Yarn Business - Unit: Century Rayon) since April 2013, he has demonstrated exceptional leadership in managing diverse facet of function which includes, Accounts, MIS, Taxation, Insurance, and more. Mr. Yogesh Shah has a proven track record of strategic planning, budgeting, and financial management, contributing significantly to the company's growth and operational efficiency. His career also includes pivotal roles at PRS Permacel Private Ltd. and Aditya Birla Real Estate Limited, where he honed his skills in compliance, risk management, and process improvement. His commitment to excellence is evident through his active participation in various institutional activities and his leadership in key projects and initiatives that have driven substantial cost savings and operational improvements. He is qualified for Charted Accountancy in 1996. Announcement • Feb 04
Century Enka Limited to Report Q3, 2025 Results on Feb 11, 2025 Century Enka Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Buy Or Sell Opportunity • Jan 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.7% to ₹569. The fair value is estimated to be ₹472, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.1% over the last 3 years. Earnings per share has declined by 51%. Announcement • Dec 31
Century Enka Limited Announces the Resignation of K. G. Ladsaria as Chief Financial Officer, Effective 31 December 2024 Century Enka Limited announced the resignation of Mr. K. G. Ladsaria as Chief Financial Officer, due to personal reason. Tendered Resignation on 30 December 2024. His last working day with the organization will be end of the business hours of 31 December 2024. Announcement • Nov 26
Century Enka Limited Announces Cessation of Krishna S. Thar as Independent Director Century Enka Limited informed that on 26th November 2024, Mr. Krishna S. Thar has completed his two consecutive terms of five years each. He ceased to be Independent Director of the Company with effect from. 27th November 2024. Mr. Krishna S. Thar was appointed as an Independent Director for a second term of five consecutive years with effect from 27th November 2019 to 26th November 2024. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: ₹9.79 (vs ₹1.96 in 2Q 2024) Second quarter 2025 results: EPS: ₹9.79 (up from ₹1.96 in 2Q 2024). Revenue: ₹5.44b (up 37% from 2Q 2024). Net income: ₹214.0m (up 399% from 2Q 2024). Profit margin: 3.9% (up from 1.1% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹709, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 31x in the Luxury industry in India. Total returns to shareholders of 70% over the past three years. Announcement • Oct 31
Century Enka Limited to Report Q2, 2025 Results on Nov 07, 2024 Century Enka Limited announced that they will report Q2, 2025 results on Nov 07, 2024 New Risk • Aug 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 8.1% 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 Earnings have declined by 1.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Upcoming Dividend • Aug 13
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 20 August 2024. Payment date: 29 September 2024. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.4%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.5%). New Risk • Aug 06
New major risk - Revenue and earnings growth Earnings have declined by 1.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.5% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Jul 31
Century Enka Limited to Report Q1, 2025 Results on Aug 05, 2024 Century Enka Limited announced that they will report Q1, 2025 results on Aug 05, 2024 Declared Dividend • Jul 13
Dividend of ₹10.00 announced Dividend of ₹10.00 is the same as last year. Ex-date: 22nd August 2024 Payment date: 29th September 2024 Dividend yield will be 1.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 43% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. Announcement • Jul 12
Century Enka Limited, Annual General Meeting, Aug 30, 2024 Century Enka Limited, Annual General Meeting, Aug 30, 2024, at 14:30 Indian Standard Time. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹19.56 (vs ₹41.34 in FY 2023) Full year 2024 results: EPS: ₹19.56 (down from ₹41.34 in FY 2023). Revenue: ₹17.8b (down 14% from FY 2023). Net income: ₹427.5m (down 53% from FY 2023). Profit margin: 2.4% (down from 4.4% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • May 17
Century Enka Limited Recommends Dividend for the Financial Year Ended on 31St March 2024 Century Enka Limited has recommended a dividend at the rate of 100% (i.e., INR 10/- per Equity Share of INR 10/- each) for the financial year ended on 31st March 2024. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹550, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 113% over the past three years. Reported Earnings • Jan 24
Third quarter 2024 earnings released: EPS: ₹2.14 (vs ₹4.56 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.14 (down from ₹4.56 in 3Q 2023). Revenue: ₹4.51b (down 3.8% from 3Q 2023). Net income: ₹46.7m (down 53% from 3Q 2023). Profit margin: 1.0% (down from 2.1% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • Jan 17
Century Enka Limited to Report Q3, 2024 Results on Jan 23, 2024 Century Enka Limited announced that they will report Q3, 2024 results on Jan 23, 2024 Announcement • Nov 24
Century Enka Limited Announces the Appointment of Ashish Razdan as an Additional Independent Director Century Enka Limited announced the appointment of Mr. Ashish Razdan as an Additional Independent Director with effect from 23 November 2023. With about two decades of experience in corporate law, he is a Partner at Khaitan & Co, one of India's leading law firms. He advises domestic and international clients on a range of complex transactions, such as M & A, PE and VC investments, joint ventures, and franchise arrangements. He also co-chair the India Working Group of the International Bar Association, where he facilitates the exchange of legal knowledge and best practices between Indian and global lawyers. He has completed certificate programs in law firm management from prestigious institutions, such as Harvard Law School and Indian Institute of Management, Ahmedabad. His core competencies include legal writing, legal research, negotiation, andleadership. He works with the Executive Committee of Khaitan & Co on a number of strategic initiatives within the firm. He is passionate about advancing the legal profession and delivering high-quality service to his clients. He values collaboration, innovation, and excellence, and he is committed to the growth and success of Khaitan & Co and to play a strong supporting role for the International Bar Association. Reported Earnings • Nov 03
Second quarter 2024 earnings released: EPS: ₹1.96 (vs ₹11.74 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.96 (down from ₹11.74 in 2Q 2023). Revenue: ₹4.08b (down 28% from 2Q 2023). Net income: ₹42.9m (down 83% from 2Q 2023). Profit margin: 1.1% (down from 4.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Oct 19
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be ₹583, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 22%. Board Change • Oct 10
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. 3 highly experienced directors. MD & Director Suresh Sodani 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. Announcement • Oct 01
Century Enka Limited Announces Directorate Changes Century Enka Limited approved the appointment of Mr. Alok Upadhyaya as Unit Head, Pune Plant (Senior Management Personnel) w.e.f. 1st November 2023. Mr. Alok Upadhyaya is a highly experienced professional in the textile industry with over 27 years of experience. He has a master's degree in Textile Engineering from I.I.T. Delhi and a bachelor's degree in Textile Technology from Govt. Central Textile Institute, Kanpur. Throughout his career, he has worked with leading textile companies like AYM Syntex, SRF (Thailand) Industries, Ginni Filaments Ltd, PT. Embee-Indonesia, United Spinners Nigeria Ltd, and several others. He has extensive experience in Nylon 6 tyre cord fabric including Polymerization, melt spinning, twisting, weaving, dipping and ring spinning of various types of yarns, including 100% cotton carded & combed yarns, polyester & cotton blended yarns, 100% rayon yarns, and more. Mr. Upadhyaya has significant experience in managing production operations, executing business plans, and general administrative tasks. His core competencies include new product development, new market development, customer satisfaction, production execution, material management, and human resource management. He is also functionally proficient in strategic planning, production planning, budgeting, production operations, team management, adopting new practices and technologies, cost-effectiveness in production, administrative planning and leadership skills and more. Noted the resignation tendered by Mr. Devajyoti Nirmal Bhattacharya (DIN: 00868751) from the position of Non-Executive Directorship vide their letter dated 28th September 2023, citing other commitments, effective from closing of business hours 29th September 2023. Noted the retirement of Mr. Shivappa Agasimani (Senior Management Personnel) from the position of Plant Head-Pune, effective from closing of business hours 30th September 2023. Upcoming Dividend • Aug 04
Upcoming dividend of ₹10.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 11 August 2023. Payment date: 23 September 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 2.2%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Reported Earnings • Aug 03
Full year 2023 earnings released: EPS: ₹41.34 (vs ₹84.28 in FY 2022) Full year 2023 results: EPS: ₹41.34 (down from ₹84.28 in FY 2022). Revenue: ₹20.7b (down 1.2% from FY 2022). Net income: ₹903.2m (down 51% from FY 2022). Profit margin: 4.4% (down from 8.8% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 19
Full year 2023 earnings released: EPS: ₹41.34 (vs ₹84.28 in FY 2022) Full year 2023 results: EPS: ₹41.34 (down from ₹84.28 in FY 2022). Revenue: ₹20.9b (flat on FY 2022). Net income: ₹903.2m (down 51% from FY 2022). Profit margin: 4.3% (down from 8.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Century Enka Limited to Report Q4, 2023 Results on May 18, 2023 Century Enka Limited announced that they will report Q4, 2023 results on May 18, 2023 Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: ₹4.56 (vs ₹23.15 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.56 (down from ₹23.15 in 3Q 2022). Revenue: ₹4.72b (down 16% from 3Q 2022). Net income: ₹99.7m (down 80% from 3Q 2022). Profit margin: 2.1% (down from 9.0% 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 37% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Century Enka Limited to Report Q3, 2023 Results on Feb 08, 2023 Century Enka Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Oct 22
Second quarter 2023 earnings released: EPS: ₹11.70 (vs ₹18.94 in 2Q 2022) Second quarter 2023 results: EPS: ₹11.70 (down from ₹18.94 in 2Q 2022). Revenue: ₹5.68b (up 5.8% from 2Q 2022). Net income: ₹255.6m (down 38% from 2Q 2022). Profit margin: 4.5% (down from 7.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 35% per year. Reported Earnings • Aug 01
Full year 2022 earnings released: EPS: ₹84.28 (vs ₹32.46 in FY 2021) Full year 2022 results: EPS: ₹84.28 (up from ₹32.46 in FY 2021). Revenue: ₹21.0b (up 72% from FY 2021). Net income: ₹1.84b (up 160% from FY 2021). Profit margin: 8.8% (up from 5.8% 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 35% per year whereas the company’s share price has increased by 38% per year. Upcoming Dividend • Jul 29
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 05 August 2022. Payment date: 17 September 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.3%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 15% share price gain to ₹660, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 197% over the past three years. Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹23.15 (up from ₹14.86 in 3Q 2021). Revenue: ₹5.68b (up 43% from 3Q 2021). Net income: ₹505.8m (up 56% from 3Q 2021). Profit margin: 8.9% (up from 8.2% 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 26% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS ₹18.94 (vs ₹6.77 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹5.45b (up 98% from 2Q 2021). Net income: ₹413.9m (up 180% from 2Q 2021). Profit margin: 7.6% (up from 5.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS ₹18.94 (vs ₹6.77 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹5.45b (up 98% from 2Q 2021). Net income: ₹413.9m (up 180% from 2Q 2021). Profit margin: 7.6% (up from 5.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₹509, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 90% over the past three years. Upcoming Dividend • Jul 23
Upcoming dividend of ₹8.00 per share Eligible shareholders must have bought the stock before 30 July 2021. Payment date: 12 September 2021. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 18
Full year 2021 earnings released: EPS ₹32.46 (vs ₹43.72 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹12.2b (down 14% from FY 2020). Net income: ₹709.2m (down 26% from FY 2020). Profit margin: 5.8% (down from 6.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 28% share price gain to ₹396, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 49% over the past three years. Reported Earnings • May 21
Full year 2021 earnings released: EPS ₹32.46 (vs ₹43.72 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹12.4b (down 13% from FY 2020). Net income: ₹709.2m (down 26% from FY 2020). Profit margin: 5.7% (down from 6.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.