Reported Earnings • May 30
Full year 2026 earnings released: EPS: ₹1.04 (vs ₹2.41 in FY 2025) Full year 2026 results: EPS: ₹1.04 (down from ₹2.41 in FY 2025). Revenue: ₹1.13b (up 62% from FY 2025). Net income: ₹19.8m (down 47% from FY 2025). Profit margin: 1.8% (down from 5.3% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • May 22
Nandani Creation Limited to Report Q4, 2026 Results on May 28, 2026 Nandani Creation Limited announced that they will report Q4, 2026 results on May 28, 2026 Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹34.30, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 18x in the Luxury industry in India. Total loss to shareholders of 59% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹0.12 (vs ₹0.38 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.12 (down from ₹0.38 in 3Q 2025). Revenue: ₹268.7m (up 100% from 3Q 2025). Net income: ₹2.32m (down 65% from 3Q 2025). Profit margin: 0.9% (down from 4.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹41.13, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 18x in the Luxury industry in India. Total loss to shareholders of 51% over the past three years. Announcement • Feb 05
Nandani Creation Limited to Report Q3, 2026 Results on Feb 09, 2026 Nandani Creation Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹34.98, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 20x in the Luxury industry in India. Total loss to shareholders of 60% over the past three years. New Risk • Jan 01
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 8.4% 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 (30% accrual ratio). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Market cap is less than US$10m (₹547.4m market cap, or US$6.08m). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹0.15 (vs ₹0.79 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.15 (down from ₹0.79 in 2Q 2025). Revenue: ₹283.6m (up 54% from 2Q 2025). Net income: ₹2.79m (down 77% from 2Q 2025). Profit margin: 1.0% (down from 6.6% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Sep 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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 Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Market cap is less than US$10m (₹652.8m market cap, or US$7.37m). Announcement • Sep 08
Nandani Creation Limited, Annual General Meeting, Sep 30, 2025 Nandani Creation Limited, Annual General Meeting, Sep 30, 2025, at 15:30 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹0.38 (vs ₹0.99 in 1Q 2025) First quarter 2026 results: EPS: ₹0.38 (down from ₹0.99 in 1Q 2025). Revenue: ₹271.6m (up 51% from 1Q 2025). Net income: ₹7.21m (down 37% from 1Q 2025). Profit margin: 2.7% (down from 6.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹50.91, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹43.95, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 23x in the Luxury industry in India. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹45.28, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 24x in the Luxury industry in India. Total loss to shareholders of 30% over the past three years. Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: ₹0.38 (vs ₹0.41 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.38. Revenue: ₹134.5m (up 60% from 3Q 2024). Net income: ₹6.63m (up 46% from 3Q 2024). Profit margin: 4.9% (down from 5.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹50.59, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 27x in the Luxury industry in India. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹40.64, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 28x in the Luxury industry in India. Total loss to shareholders of 44% over the past three years. Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: ₹0.79 (vs ₹1.66 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.79 (up from ₹1.66 loss in 2Q 2024). Revenue: ₹187.1m (up 95% from 2Q 2024). Net income: ₹12.2m (up ₹29.7m from 2Q 2024). Profit margin: 6.5% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Announcement • Sep 16
Nandani Creation Limited, Annual General Meeting, Sep 30, 2024 Nandani Creation Limited, Annual General Meeting, Sep 30, 2024, at 16:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹36.15, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 29x in the Luxury industry in India. Total loss to shareholders of 41% over the past three years. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: ₹0.99 (vs ₹0.79 loss in 1Q 2024) First quarter 2025 results: EPS: ₹0.99 (up from ₹0.79 loss in 1Q 2024). Revenue: ₹183.3m (up 143% from 1Q 2024). Net income: ₹11.4m (up ₹20.5m from 1Q 2024). Profit margin: 6.2% (up from net loss in 1Q 2024). The move to profitability 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 53 percentage points per year, which is a significant difference in performance. Reported Earnings • May 20
Full year 2024 earnings released: EPS: ₹0.50 (vs ₹0.10 in FY 2023) Full year 2024 results: EPS: ₹0.50 (up from ₹0.10 in FY 2023). Revenue: ₹458.5m (down 6.2% from FY 2023). Net income: ₹5.46m (up 397% from FY 2023). Profit margin: 1.2% (up from 0.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: ₹0.41 (vs ₹1.63 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.41 (up from ₹1.63 loss in 3Q 2023). Revenue: ₹83.9m (down 12% from 3Q 2023). Net income: ₹4.55m (up ₹21.1m from 3Q 2023). Profit margin: 5.4% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 148 percentage points per year, which is a significant difference in performance. New Risk • Dec 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹821.5m (US$9.85m) 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (₹821.5m market cap, or US$9.85m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (₹373m revenue, or US$4.5m). New Risk • Dec 04
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 7.3% 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). Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (₹373m revenue, or US$4.5m). Market cap is less than US$100m (₹902.7m market cap, or US$10.9m). New Risk • Nov 18
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). Earnings have declined by 46% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (₹373m revenue, or US$4.5m). Market cap is less than US$100m (₹897.6m market cap, or US$10.8m). Announcement • Sep 06
Nandani Creation Limited, Annual General Meeting, Sep 29, 2023 Nandani Creation Limited, Annual General Meeting, Sep 29, 2023, at 15:30 Indian Standard Time. Location: G-13, Kartarpura Industrial Area, Near 22 Godam, Jaipur-302006, Rajasthan Jaipur India Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereon, the Audited Consolidated Financial Statements of the Company for the Financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereon; to appoint a director in place of Mrs. Sunita Devi Mundhra who retires by rotation and being eligible offers herself for re appointment; and to consider other matters. Reported Earnings • Aug 16
First quarter 2024 earnings released: ₹0.79 loss per share (vs ₹0.33 profit in 1Q 2023) First quarter 2024 results: ₹0.79 loss per share (down from ₹0.33 profit in 1Q 2023). Revenue: ₹77.8m (down 46% from 1Q 2023). Net loss: ₹9.04m (down 373% from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 190 percentage points per year, which is a significant difference in performance. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹0.16 (vs ₹0.50 in FY 2022) Full year 2023 results: EPS: ₹0.16 (down from ₹0.50 in FY 2022). Revenue: ₹495.4m (down 21% from FY 2022). Net income: ₹1.10m (down 78% from FY 2022). Profit margin: 0.2% (down from 0.8% in FY 2022). The decrease in margin was driven by lower revenue. Announcement • May 26
Nandani Creation Limited to Report Q4, 2023 Results on May 25, 2023 Nandani Creation Limited announced that they will report Q4, 2023 results on May 25, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹1.63 loss per share (vs ₹1.33 loss in 3Q 2022) Third quarter 2023 results: ₹1.63 loss per share (further deteriorated from ₹1.33 loss in 3Q 2022). Revenue: ₹96.2m (down 39% from 3Q 2022). Net loss: ₹16.5m (loss widened 23% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 129% per year, which means it is well ahead of earnings. Board Change • Nov 16
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. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Gagan Saboo was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 02
Executive Chairman & MD recently sold ₹39m worth of stock On the 31st of October, Anuj Mundhra sold around 499k shares on-market at roughly ₹77.84 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anuj has been a net seller over the last 12 months, reducing personal holdings by ₹37m. Reported Earnings • Oct 27
Second quarter 2023 earnings released: EPS: ₹0.28 (vs ₹1.25 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.28 (down from ₹1.25 in 2Q 2022). Revenue: ₹141.9m (down 19% from 2Q 2022). Net income: ₹2.76m (down 78% from 2Q 2022). Profit margin: 1.9% (down from 7.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 137% per year, which means it is well ahead of earnings. Reported Earnings • Sep 09
Full year 2022 earnings released: EPS: ₹0.50 (vs ₹1.94 in FY 2021) Full year 2022 results: EPS: ₹0.50 (down from ₹1.94 in FY 2021). Revenue: ₹626.8m (up 31% from FY 2021). Net income: ₹4.98m (down 69% from FY 2021). Profit margin: 0.8% (down from 3.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 06
Nandani Creation Limited, Annual General Meeting, Sep 30, 2022 Nandani Creation Limited, Annual General Meeting, Sep 30, 2022, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial year ended March 31, 2022 and the reports of the Board of Directors and Auditors thereon; to receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial year ended March 31, 2022 and the reports of the Board of Directors and Auditors thereon; to appoint a director in place of Mrs. Vandana Mundhra, who retires by rotation and being eligible offers himself for re appointment; and to consider any other matter thereof. Recent Insider Transactions • Jun 18
Executive Chairman & MD recently bought ₹353k worth of stock On the 16th of June, Anuj Mundhra bought around 5k shares on-market at roughly ₹70.50 per share. In the last 3 months, they made an even bigger purchase worth ₹1.2m. Anuj has been a buyer over the last 12 months, purchasing a net total of ₹1.6m worth in shares. Recent Insider Transactions • Jun 07
Executive Chairman & MD recently bought ₹1.2m worth of stock On the 3rd of June, Anuj Mundhra bought around 20k shares on-market at roughly ₹60.48 per share. This was the largest purchase by an insider in the last 3 months. This was Anuj's only on-market trade for the last 12 months. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹0.49 (vs ₹2.30 in FY 2021) Full year 2022 results: EPS: ₹0.49 (down from ₹2.30 in FY 2021). Revenue: ₹633.6m (up 33% from FY 2021). Net income: ₹4.96m (down 74% from FY 2021). Profit margin: 0.8% (down from 4.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
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. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Gagan Saboo was the last director to join the board, commencing their role in 2016. 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 • Mar 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹52.90, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 150% over the past three years. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹1.33 loss per share (down from ₹0.96 profit in 3Q 2021). Revenue: ₹157.6m (up 25% from 3Q 2021). Net loss: ₹13.4m (down 279% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 20% share price gain to ₹105, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 734% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₹80.20, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 591% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₹65.00, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 396% over the past three years. Is New 90 Day High Low • Mar 12
New 90-day high: ₹24.50 The company is up 86% from its price of ₹13.20 on 02 December 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 12% over the same period. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹23.70, the stock is trading at a trailing P/E ratio of 48.9x, up from the previous P/E ratio of 40.9x. This compares to an average P/E of 18x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 31%. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 15% share price gain to ₹15.00, the stock is trading at a trailing P/E ratio of 30.9x, up from the previous P/E ratio of 26.8x. This compares to an average P/E of 19x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 62%. Announcement • Sep 20
Nandani Creation Limited Updates on Its Operations Nandani Creation Limited announced that due to covid 19 pandemic, the sudden lockdown all the operations of the Company were disrupted since the last week of March, 2020. Subsequent to receipt of permissions from the authorities, the Company resumed operations by adhering to the safety norms prescribed by the Government of Rajasthan and Ministry of Health Affairs Govt, of India. The Company has already restarted the operations albeit in a phased manner. All the facilities, which are resuming across the company, have been sanitized. Announcement • Sep 19
Nandani Creation Limited to Report Second Half, 2020 Results on Jun 29, 2020 Nandani Creation Limited announced that they will report second half, 2020 results on Jun 29, 2020 
