New Risk • Jun 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 9.0% 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 Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (₹331.4m market cap, or US$3.49m). Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). New Risk • May 31
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (₹364.0m market cap, or US$3.83m). Reported Earnings • May 31
Full year 2026 earnings released: ₹0.56 loss per share (vs ₹1.71 loss in FY 2025) Full year 2026 results: ₹0.56 loss per share (improved from ₹1.71 loss in FY 2025). Revenue: ₹1.42b (up 26% from FY 2025). Net loss: ₹7.88m (loss narrowed 68% from FY 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 22
Mohit Industries Limited to Report Q4, 2026 Results on May 29, 2026 Mohit Industries Limited announced that they will report Q4, 2026 results on May 29, 2026 Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹0.20 loss per share (vs ₹0.40 loss in 3Q 2025) Third quarter 2026 results: ₹0.20 loss per share (improved from ₹0.40 loss in 3Q 2025). Revenue: ₹373.4m (up 26% from 3Q 2025). Net loss: ₹2.83m (loss narrowed 50% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Feb 09
Mohit Industries Limited to Report Q3, 2026 Results on Feb 13, 2026 Mohit Industries Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 13, 2026 Announcement • Jan 07
Mohit Industries Limited has filed a Follow-on Equity Offering in the amount of INR 250 million. Mohit Industries Limited has filed a Follow-on Equity Offering in the amount of INR 250 million.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S; Rights Offering Announcement • Nov 11
Mohit Industries Limited to Report Q2, 2026 Results on Nov 14, 2025 Mohit Industries Limited announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Sep 11
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 6.6% 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 Risks Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (₹477.3m market cap, or US$5.41m). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Announcement • Aug 22
Mohit Industries Limited, Annual General Meeting, Sep 29, 2025 Mohit Industries Limited, Annual General Meeting, Sep 29, 2025, at 12:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: ₹0.30 loss per share (vs ₹0.29 loss in 1Q 2025) First quarter 2026 results: ₹0.30 loss per share (further deteriorated from ₹0.29 loss in 1Q 2025). Revenue: ₹327.4m (up 55% from 1Q 2025). Net loss: ₹4.28m (loss widened 4.7% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • Aug 06
Mohit Industries Limited to Report Q1, 2026 Results on Aug 12, 2025 Mohit Industries Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • Jun 02
Full year 2025 earnings released: ₹1.71 loss per share (vs ₹1.35 loss in FY 2024) Full year 2025 results: ₹1.71 loss per share (further deteriorated from ₹1.35 loss in FY 2024). Revenue: ₹1.14b (down 13% from FY 2024). Net loss: ₹24.3m (loss widened 27% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Feb 12
Third quarter 2025 earnings released: ₹0.40 loss per share (vs ₹0.30 loss in 3Q 2024) Third quarter 2025 results: ₹0.40 loss per share (further deteriorated from ₹0.30 loss in 3Q 2024). Revenue: ₹305.0m (up 3.2% from 3Q 2024). Net loss: ₹5.71m (loss widened 36% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. New Risk • Dec 17
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 7.7% 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 Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (₹555.4m market cap, or US$6.54m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Nov 16
Second quarter 2025 earnings released: ₹0.72 loss per share (vs ₹0.68 loss in 2Q 2024) Second quarter 2025 results: ₹0.72 loss per share (further deteriorated from ₹0.68 loss in 2Q 2024). Revenue: ₹266.0m (down 31% from 2Q 2024). Net loss: ₹10.2m (loss widened 6.6% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
First quarter 2025 earnings released: ₹0.29 loss per share (vs ₹0.47 loss in 1Q 2024) First quarter 2025 results: ₹0.29 loss per share (improved from ₹0.47 loss in 1Q 2024). Revenue: ₹212.9m (down 42% from 1Q 2024). Net loss: ₹4.09m (loss narrowed 38% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 139 percentage points per year, which is a significant difference in performance. Announcement • Aug 02
Mohit Industries Limited to Report Q1, 2025 Results on Aug 09, 2024 Mohit Industries Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: ₹1.35 loss per share (vs ₹1.02 loss in FY 2023) Full year 2024 results: ₹1.35 loss per share (further deteriorated from ₹1.02 loss in FY 2023). Revenue: ₹1.33b (down 21% from FY 2023). Net loss: ₹19.1m (loss widened 32% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 142 percentage points per year, which is a significant difference in performance. Announcement • May 24
Mohit Industries Limited to Report Q4, 2024 Results on May 29, 2024 Mohit Industries Limited announced that they will report Q4, 2024 results at 12:15 PM, Indian Standard Time on May 29, 2024 Reported Earnings • Feb 13
Third quarter 2024 earnings released: ₹0.30 loss per share (vs ₹0.33 loss in 3Q 2023) Third quarter 2024 results: ₹0.30 loss per share (improved from ₹0.33 loss in 3Q 2023). Revenue: ₹297.5m (down 29% from 3Q 2023). Net loss: ₹4.21m (loss narrowed 10% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Announcement • Feb 12
Mohit Industries Limited Appoints Shrikanth Madhu Masarm as A Company Secretary and Compliance Officer Mohit Industries Limited has appointed Mr. Shrikanth Madhu Masarm (ACS - 71425) as a Company Secretary and Compliance Officer and further designated her as Key Managerial Personnel w.e.f. February 12, 2024. He is an Associates member of the ICSI and having ICSI Membership No. A71425; he also holds bachelor degree of law and he is having practical experience of more than 2 years in the secretarial work. Announcement • Feb 02
Mohit Industries Limited to Report Q3, 2024 Results on Feb 12, 2024 Mohit Industries Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: ₹0.68 loss per share (vs ₹0.06 profit in 2Q 2023) Second quarter 2024 results: ₹0.68 loss per share (down from ₹0.06 profit in 2Q 2023). Revenue: ₹389.7m (down 13% from 2Q 2023). Net loss: ₹9.61m (down ₹10.4m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 75% per year, which means it is well ahead of earnings. Announcement • Nov 04
Mohit Industries Limited to Report Q2, 2024 Results on Nov 10, 2023 Mohit Industries Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 07
Full year 2023 earnings released: ₹1.02 loss per share (vs ₹0.088 profit in FY 2022) Full year 2023 results: ₹1.02 loss per share (down from ₹0.088 profit in FY 2022). Revenue: ₹1.67b (flat on FY 2022). Net loss: ₹14.4m (down ₹15.7m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Mohit Industries Limited to Report Q1, 2024 Results on Aug 11, 2023 Mohit Industries Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Announcement • Aug 04
Mohit Industries Limited, Annual General Meeting, Aug 28, 2023 Mohit Industries Limited, Annual General Meeting, Aug 28, 2023, at 11:00 Indian Standard Time. Location: 3rd Floor, Rajhans Montessa, Dumas Road, Magdalla, Surat-395007 Surat Gujarat India Agenda: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the Financial Year ended 31st March, 2023 together with the Report of the Board of Director's and the Auditor's thereon; to appoint a Director in place of Mr. Naresh Sitaram Saboo, Director, liable to retire by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, seeks re-appointment; and to consider other business matters. Reported Earnings • May 31
Full year 2023 earnings released: ₹1.02 loss per share (vs ₹0.088 profit in FY 2022) Full year 2023 results: ₹1.02 loss per share (down from ₹0.088 profit in FY 2022). Revenue: ₹1.70b (up 2.0% from FY 2022). Net loss: ₹14.4m (down ₹15.7m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 14
Third quarter 2023 earnings released: ₹0.33 loss per share (vs ₹0.07 loss in 3Q 2022) Third quarter 2023 results: ₹0.33 loss per share (further deteriorated from ₹0.07 loss in 3Q 2022). Revenue: ₹422.4m (down 5.9% from 3Q 2022). Net loss: ₹4.70m (loss widened 375% from 3Q 2022). 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 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Mohit Industries Proposes Resignation of Ms. Mittal Narendrabhai Shah, Company Secretary & Compliance Officer Mohit Industries Limited at the board meeting to be held on February 10, 2023 proposes resignation of Ms. Mittal Narendrabhai Shah, Company Secretary & Compliance Officer of the Company. Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹0.06 (vs ₹0.28 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.06 (down from ₹0.28 in 2Q 2022). Revenue: ₹444.0m (up 2.5% from 2Q 2022). Net income: ₹806.0k (down 79% from 2Q 2022). Profit margin: 0.2% (down from 0.9% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. 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. No experienced directors. 6 highly experienced directors. Non-Executive Independent Director Pragya Memani was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
First quarter 2023 earnings released: ₹0.27 loss per share (vs ₹0.13 loss in 1Q 2022) First quarter 2023 results: ₹0.27 loss per share (down from ₹0.13 loss in 1Q 2022). Revenue: ₹360.5m (down 11% from 1Q 2022). Net loss: ₹3.86m (loss widened 108% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: ₹0.09 (vs ₹0.48 in FY 2021) Full year 2022 results: EPS: ₹0.09 (down from ₹0.48 in FY 2021). Revenue: ₹1.67b (up 12% from FY 2021). Net income: ₹1.24m (down 82% from FY 2021). Profit margin: 0.1% (down from 0.5% 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 53% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging 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. No experienced directors. 6 highly experienced directors. Non-Executive Independent Director Pragya Memani was the last director to join the board, commencing their role in 2014. 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 • Apr 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹22.85, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 160% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 22% share price gain to ₹18.85, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹16.15, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 93% over the past three years. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.07 loss per share (down from ₹0.92 profit in 3Q 2021). Revenue: ₹416.9m (down 6.7% from 3Q 2021). Net loss: ₹989.0k (down 108% 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 42% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 15% share price gain to ₹15.40, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 23% share price gain to ₹13.45, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 74% over the past three years. Recent Insider Transactions • Sep 03
Executive Chairman & MD recently bought ₹124k worth of stock On the 31st of August, Narayan Saboo bought around 10k shares on-market at roughly ₹12.43 per share. In the last 3 months, they made an even bigger purchase worth ₹127k. Narayan has been a buyer over the last 12 months, purchasing a net total of ₹620k worth in shares. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 17% share price gain to ₹12.70, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 17% over the past three years. Recent Insider Transactions • Aug 21
Executive Chairman & MD recently bought ₹117k worth of stock On the 20th of August, Narayan Saboo bought around 10k shares on-market at roughly ₹11.69 per share. This was the largest purchase by an insider in the last 3 months. Narayan has been a buyer over the last 12 months, purchasing a net total of ₹369k worth in shares. Executive Departure • Aug 19
Non Executive Independent Director Harmil Shah has left the company On the 13th of August, Harmil Shah's tenure as Non Executive Independent Director ended after 5.0 years in the role. We don't have any record of a personal shareholding under Harmil's name. Harmil is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.58 years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹13.25, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹15.80, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 25% share price gain to ₹15.75, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 32% over the past three years. Recent Insider Transactions • Feb 22
Insider recently bought ₹115k worth of stock On the 18th of February, Madhu Saboo bought around 15k shares on-market at roughly ₹7.66 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹427k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹0.92 (vs ₹0.12 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹446.7m (up 3.5% from 3Q 2020). Net income: ₹13.1m (up ₹14.8m from 3Q 2020). Profit margin: 2.9% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 11
New 90-day high: ₹8.05 The company is up 140% from its price of ₹3.35 on 10 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 24% over the same period. Is New 90 Day High Low • Dec 13
New 90-day high: ₹6.30 The company is up 97% from its price of ₹3.20 on 11 September 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 22% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: ₹3.80 The company is up 13% from its price of ₹3.35 on 18 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: ₹3.00 The company is down 23% from its price of ₹3.90 on 17 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 19% over the same period. Recent Insider Transactions • Sep 19
Executive Chairman & MD recently bought ₹226k worth of stock On the 15th of September, Narayan Saboo bought around 62k shares on-market at roughly ₹3.63 per share. This was the largest purchase by an insider in the last 3 months. Narayan has been a buyer over the last 12 months, purchasing a net total of ₹286k worth in shares.