New Risk • May 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 30% 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (₹2.40b market cap, or US$25.3m). Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹19.35 (vs ₹8.56 in FY 2025) Full year 2026 results: EPS: ₹19.35 (up from ₹8.56 in FY 2025). Revenue: ₹844.6m (up 43% from FY 2025). Net income: ₹135.4m (up 13% from FY 2025). Profit margin: 16% (down from 20% in FY 2025). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹193, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 37x in the Consumer Durables industry in India. Total loss to shareholders of 18% over the past year. Announcement • May 23
Interiors & More Limited to Report Second Half, 2026 Results on May 26, 2026 Interiors & More Limited announced that they will report second half, 2026 results on May 26, 2026 New Risk • Apr 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (55% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₹2.46b market cap, or US$26.0m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹192, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 38x in the Consumer Durables industry in India. Total returns to shareholders of 29% over the past year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹172, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 36x in the Consumer Durables industry in India. Total returns to shareholders of 13% over the past year. New Risk • Jan 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.5% average weekly change). High level of non-cash earnings (55% accrual ratio). Minor Risk Market cap is less than US$100m (₹3.40b market cap, or US$37.8m). New Risk • Dec 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (55% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₹3.67b market cap, or US$40.9m). New Risk • Dec 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (55% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₹3.62b market cap, or US$40.3m). Announcement • Nov 12
Interiors & More Limited to Report First Half, 2026 Results on Nov 12, 2025 Interiors & More Limited announced that they will report first half, 2026 results on Nov 12, 2025 Upcoming Dividend • Sep 05
Upcoming dividend of ₹0.75 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 19 October 2025. Payout ratio is a comfortable 5.8% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.4%). Announcement • Aug 20
Interiors & More Limited, Annual General Meeting, Sep 19, 2025 Interiors & More Limited, Annual General Meeting, Sep 19, 2025. Board Change • Aug 04
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. 4 non-independent directors. Independent Director Rupa Lachhiramka 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. New Risk • Jun 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (66% accrual ratio). Minor Risk Market cap is less than US$100m (₹3.67b market cap, or US$42.8m). New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹3.48b market cap, or US$40.7m). Board Change • May 28
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. 4 non-independent directors. Independent Director Rupa Lachhiramka 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. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹358, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 41x in the Consumer Durables industry in India. Total returns to shareholders of 37% over the past year. Reported Earnings • Nov 14
First half 2025 earnings released: EPS: ₹5.94 (vs ₹6.43 in 1H 2024) First half 2025 results: EPS: ₹5.94. Revenue: ₹181.5m (flat on 1H 2024). Net income: ₹41.6m (up 10% from 1H 2024). Profit margin: 23% (up from 21% in 1H 2024). Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹313, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 56x in the Consumer Durables industry in India. Announcement • Aug 26
Interiors & More Limited, Annual General Meeting, Sep 21, 2024 Interiors & More Limited, Annual General Meeting, Sep 21, 2024, at 14:00 Indian Standard Time. Announcement • May 06
Interiors & More Limited Receives the Resignation from Ms. Kuntal Sharma as Company Secretary and Compliance Officer, effective May 31, 2024 Interiors & More Limited received the resignation from Ms. Kuntal Sharma, Company Secretary and Compliance Officer of on 04th May, 2024. Last day of her Service to company shall be 31st May, 2024. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹263, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 42x in the Consumer Durables industry in India. New Risk • Mar 01
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 Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Shares are highly illiquid. High level of non-cash earnings (30% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Revenue is less than US$5m (₹249m revenue, or US$3.0m). Market cap is less than US$100m (₹1.89b market cap, or US$22.8m). Announcement • Feb 23
Interiors & More Limited has completed an IPO in the amount of INR 420.0408 million. Interiors & More Limited has completed an IPO in the amount of INR 420.0408 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 351,600
Price\Range: INR 227
Discount Per Security: INR 7.4456
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 526,200
Price\Range: INR 227
Discount Per Security: INR 7.4456
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 615,600
Price\Range: INR 227
Discount Per Security: INR 7.4456
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 264,000
Price\Range: INR 227
Discount Per Security: INR 7.4456
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 93,000
Price\Range: INR 227
Discount Per Security: INR 7.4456
Transaction Features: Regulation S