Reported Earnings • May 29
Full year 2026 earnings released: ₹50.66 loss per share (vs ₹39.45 loss in FY 2025) Full year 2026 results: ₹50.66 loss per share (further deteriorated from ₹39.45 loss in FY 2025). Net loss: ₹1.68b (loss widened 28% from FY 2025). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Announcement • May 21
SEL Manufacturing Company Limited to Report Q4, 2026 Results on May 28, 2026 SEL Manufacturing Company Limited announced that they will report Q4, 2026 results on May 28, 2026 New Risk • Mar 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 7.5% 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 Negative equity (-₹3.0b). Earnings have declined by 68% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Revenue is less than US$5m (₹160m revenue, or US$1.7m). Market cap is less than US$100m (₹983.4m market cap, or US$10.6m). New Risk • Mar 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹919.5m (US$9.98m) 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 Negative equity (-₹3.0b). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (₹919.5m market cap, or US$9.98m). Minor Risk Revenue is less than US$5m (₹160m revenue, or US$1.7m). Reported Earnings • Feb 09
Third quarter 2026 earnings released: ₹12.30 loss per share (vs ₹4.82 loss in 3Q 2025) Third quarter 2026 results: ₹12.30 loss per share (further deteriorated from ₹4.82 loss in 3Q 2025). Net loss: ₹407.5m (loss widened 155% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Announcement • Jan 31
SEL Manufacturing Company Limited to Report Q3, 2026 Results on Feb 07, 2026 SEL Manufacturing Company Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 07, 2026 New Risk • Jan 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹898.0m (US$9.78m) 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 Negative equity (-₹3.0b). Earnings have declined by 59% per year over the past 5 years. Market cap is less than US$10m (₹898.0m market cap, or US$9.78m). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Revenue is less than US$5m (₹184m revenue, or US$2.0m). New Risk • Dec 24
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 Share price has been highly volatile over the past 3 months (8.5% average weekly change). Negative equity (-₹3.0b). Earnings have declined by 58% per year over the past 5 years. Minor Risks Revenue is less than US$5m (₹184m revenue, or US$2.1m). Market cap is less than US$100m (₹1.18b market cap, or US$13.2m). Reported Earnings • Nov 11
Second quarter 2026 earnings released: ₹13.34 loss per share (vs ₹13.00 loss in 2Q 2025) Second quarter 2026 results: ₹13.34 loss per share (further deteriorated from ₹13.00 loss in 2Q 2025). Net loss: ₹442.2m (loss widened 2.6% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Announcement • Nov 08
SEL Manufacturing Company Limited to Report Q2, 2026 Results on Nov 10, 2025 SEL Manufacturing Company Limited announced that they will report Q2, 2026 results on Nov 10, 2025 New Risk • Oct 29
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 6.9% 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 Risks Negative equity (-₹2.1b). Earnings have declined by 44% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (₹259m revenue, or US$2.9m). Market cap is less than US$100m (₹1.17b market cap, or US$13.3m). Announcement • Oct 01
SEL Manufacturing Company Limited Announces Regularization of Board Appointments SEL Manufacturing Company Limited announced the regularization of Meghna Mahendra Savla and Menka Rajdev Yadav as an Independent Director of the company for a term upto five consecutive years commencing from August 5, 2025. The company announced the regularization of Dharminder Pal as an Non-Executive, Non-Independent Director of the company for a term upto five consecutive years commencing from August 5, 2025, at the AGM held on September 30, 2025. Reported Earnings • Aug 15
First quarter 2026 earnings released: ₹12.39 loss per share (vs ₹11.27 loss in 1Q 2025) First quarter 2026 results: ₹12.39 loss per share (further deteriorated from ₹11.27 loss in 1Q 2025). Net loss: ₹410.5m (loss widened 9.9% from 1Q 2025). Announcement • Aug 14
SEL Manufacturing Company Limited, Annual General Meeting, Sep 30, 2025 SEL Manufacturing Company Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Reported Earnings • Jun 02
Full year 2025 earnings released: ₹39.45 loss per share (vs ₹58.23 loss in FY 2024) Full year 2025 results: ₹39.45 loss per share (improved from ₹58.23 loss in FY 2024). Net loss: ₹1.31b (loss narrowed 32% from FY 2024). Announcement • May 24
SEL Manufacturing Company Limited to Report Q4, 2025 Results on May 30, 2025 SEL Manufacturing Company Limited announced that they will report Q4, 2025 results at 9:08 AM, Indian Standard Time on May 30, 2025 New Risk • May 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 8.6% 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 Negative equity (-₹1.4b). Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹1.46b market cap, or US$17.3m). Announcement • Mar 12
SEL Manufacturing Company Limited Appoints Sumit Sushil Jain as Company Secretary and Compliance Officer SEL Manufacturing Company Limited informed that the Board of Directors of the Company has appointed Mr. Sumit Sushil Jain a qualified Company Secretary (Membership No. A66642) as Company Secretary & Compliance Officer of the Company w.e.f. 12.03.2025 by passing a resolution by circulation on 12.03.2025. New Risk • Mar 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹857.2m (US$9.83m) 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 Negative equity (-₹1.4b). Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (₹857.2m market cap, or US$9.83m). Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹4.82 loss per share (vs ₹8.43 loss in 3Q 2024) Third quarter 2025 results: ₹4.82 loss per share (improved from ₹8.43 loss in 3Q 2024). Net loss: ₹159.9m (loss narrowed 43% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Feb 07
SEL Manufacturing Company Limited to Report Q3, 2025 Results on Feb 14, 2025 SEL Manufacturing Company Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Buy Or Sell Opportunity • Nov 29
Now 32% overvalued Over the last 90 days, the stock has fallen 17% to ₹52.30. The fair value is estimated to be ₹39.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.6% over the last 3 years. Meanwhile, the company became loss making. New Risk • Nov 24
New major risk - Revenue and earnings growth Earnings have declined by 8.5% 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 Risks Negative equity (-₹1.4b). Earnings have declined by 8.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹1.37b market cap, or US$16.2m). Announcement • Nov 09
SEL Manufacturing Company Limited to Report Q2, 2025 Results on Nov 14, 2024 SEL Manufacturing Company Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Buy Or Sell Opportunity • Oct 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ₹46.63. The fair value is estimated to be ₹58.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 08
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 9.4% 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 Risk Negative equity (-₹564m). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (₹2.69b market cap, or US$32.0m). Buy Or Sell Opportunity • Aug 08
Now 39% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ₹81.10. The fair value is estimated to be ₹58.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jul 31
SEL Manufacturing Company Limited, Annual General Meeting, Aug 22, 2024 SEL Manufacturing Company Limited, Annual General Meeting, Aug 22, 2024, at 11:00 Indian Standard Time. New Risk • Jul 31
New major risk - Revenue and earnings growth Earnings have declined by 1.0% 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 Risks Negative equity (-₹564m). Earnings have declined by 1.0% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹1.91b market cap, or US$22.8m). Announcement • Jul 24
SEL Manufacturing Company Limited to Report Q1, 2025 Results on Jul 30, 2024 SEL Manufacturing Company Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: ₹58.23 loss per share (vs ₹56.11 loss in FY 2023) Full year 2024 results: ₹58.23 loss per share (further deteriorated from ₹56.11 loss in FY 2023). Revenue: ₹3.80b (down 32% from FY 2023). Net loss: ₹1.93b (loss widened 3.8% from FY 2023). Announcement • May 26
SEL Manufacturing Company Limited to Report Q4, 2024 Results on May 30, 2024 SEL Manufacturing Company Limited announced that they will report Q4, 2024 results on May 30, 2024 Announcement • May 24
SEL Manufacturing Company Limited Announces Board and Committee Changes SEL Manufacturing Company Limited announced that the following changes in the composition of Board: To consider and approve appointment of Mrs. Seema Singh (DIN: 10042852) as independent director on the board of the company. To consider and approve appointment of Mr. Manjit Singh Kochar (DIN: 08298764) as independent director on the board of the company. To Reconstitute Audit Committee: This is to inform that the Audit Committee was required to be reconstituted as per the provisions of SEBI (LODR) Regulation 2015 due to the resignation of Mrs. Nidhi Aggarwal (DIN: 09149030) from the post of Independent Director and Ms. Meghna Mahendra Savla (DIN: 09152133) from the post of Independent Director & Chairperson of the company. To Reconstitute Nomination and Remuneration Committee: This is to inform that the Nomination and Remuneration Committee was required to be reconstituted as per the provisions of SEBI (LODR) Regulation 2015, due to the resignation of Mrs. Nidhi Aggarwal (DIN: 09149030) from the post of Independent Director and Ms. Meghna Mahendra Savla (DIN: 09152133) from the post of Independent Director & Chairperson of the company. To Reconstitute Risk Management Committee: This is to inform that the Risk Management Committee was required to be reconstituted as per the provisions of SEBI (LODR) Regulation 2015 due to the resignation of Mrs. Nidhi Aggarwal (DIN: 09149030) from the post of Independent Director and Ms. Meghna Mahendra Savla (DIN: 09152133) from the post of Independent Director & Chairperson of the company. To Reconstitute Stakeholders Relationship Committee: This is to inform that the Stakeholders Relationship Committee was required to be reconstituted as per the provisions of SEBI (LODR) Regulation 2015 due to the resignation of Mrs. Nidhi Aggarwal (DIN: 09149030) from the post of Independent Director and Ms. Meghna Mahendra Savla (DIN: 09152133) from the post of Independent Director & Chairperson of the company. Announcement • May 15
SEL Manufacturing Company Limited Announces Board and Committee Changes SEL Manufacturing Company Limited announced that the following changes in the composition of Board: Ms. Nidhi Aggarwal (DIN: 09149030), has tendered her resignation as the Independent Director of the Company, with effect from the closure of business hours on 14th May, 2024, citing her personal problems and pre-occupancy. Consequently, she shall also cease to be a member of the Audit Committee, Stakeholders Relationship Committee and Chairman of the Nomination and Remuneration Committee of the Company. Ms. Meghna Mahendra Savla (DIN: 09152133), has tendered her resignation as the Independent Director & Chairperson of the Company, with effect from the closure of business hours on 14 May, 2024, citing her personal problems and pre-occupancy. Consequently, she shall also cease to be a member of the Nomination and Remuneration Committee, Risk Management Committee and Chairman of the Audit Committee of the Company. List of Directorship: Name of Listed Entities: Madhusudan Securities Limited-(Category- Independent Director), Parshva Enterprises Limited - (Category- Independent Director), Omnitex Industries (India) Limited-(Category- Independent Director). List of Committee Membership: Name of Listed Entities: Madhusudan Securities Limited (Member of Audit Committee & Nomination and Remuneration Committee); Omnitex Industries (India) Limited (Member of Audit Committee & Nomination and Remuneration Committee); Parshva Enterprises Limited (Member of Nomination and Remuneration Committee). Reported Earnings • Feb 15
Third quarter 2024 earnings released: ₹8.43 loss per share (vs ₹13.64 loss in 3Q 2023) Third quarter 2024 results: ₹8.43 loss per share (improved from ₹13.64 loss in 3Q 2023). Revenue: ₹183.8m (down 87% from 3Q 2023). Net loss: ₹279.3m (loss narrowed 38% from 3Q 2023). Announcement • Feb 10
SEL Manufacturing Company Limited Appoints Meghna Mahendra Savla as Chairperson SEL Manufacturing Company Limited announced that Ms. Meghna Mahendra Savla, Independent director has been appointed as Chairpersonof the company with effect from 07 February, 2024. Ms. Meghna is qualified company secretary currently working as a Company secretary at Instacroissance Limited from February, 2022. Freelancer Company secretary. Independent Director at Svaryu Energy Limited, effective 30 November 2021, Parshva Enterprises Limited, effective 6 June 2022, Omnitex Industries (India) Limited, effective 27 July 2022 and Madhusudan Securities Limited, effective 24 May 2023. 2 years at Sharekhan Pvt. Ltd., completed 12 months management training with CS Jignesh Makwana. Announcement • Jan 16
SEL Manufacturing Company Limited Announces Resignation of Anukool Bhatnagar as Nominee Director SEL Manufacturing Company Limited announced that Mr. Anukool Bhatnagar has tendered his resignation from the Post of Nominee Director of the Company from the closing of business hours on 15 January, 2024 on the account of personal reasons. The said resignation will be taken up for consideration by the Board of Directors in their next Board Meeting. Announcement • Dec 01
SEL Manufacturing Company Limited Announces Resignation of Aarti Sharma as Company Secretary and Compliance Officer SEL Manufacturing Company Limited informed that due to some personal reasons, Ms. Aarti Sharma (ACS 68577) Company Secretary-cum-Compliance Officer of the Company, has resigned from the services of the Company and she has relieved from the services of the Company with effect from the close of Business hours on 30th November, 2023. Reported Earnings • Nov 13
Second quarter 2024 earnings released: ₹18.58 loss per share (vs ₹8.40 loss in 2Q 2023) Second quarter 2024 results: ₹18.58 loss per share (further deteriorated from ₹8.40 loss in 2Q 2023). Revenue: ₹964.9m (up 18% from 2Q 2023). Net loss: ₹615.8m (loss widened 121% from 2Q 2023). Announcement • Nov 09
Sel Manufacturing Company Limited Approves Appointment of Ms. Meghna Mahendra Savla as Independent Director (Additional Director) SEL Manufacturing Company Limited approved appointment of Ms. Meghna Mahendra Savla (DIN: 09152133) as independent director (additional director) of the company. Company informed that Ms. Meghna Mahendra Savla is not related to any Director of the Company and also satisfies the criteria of independence prescribed under the Companies Act, 2013 and SEBI (LODR) Regulation, 2015. Brief Profile of Ms. Meghna Mahendra Savla is enclosed herewith. Date of appointment is November 8,2023. Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any. List of Directorship Name of Listed Entities 1. Madhusudan Securities Limited- (Category- Independent Director) 2. Parshva Enterprises Limited - (Category- Independent Director) 3. Omnitex Industries (India) Limited- (Category- Independent List of Committee Membership Name of Listed Entities 1. Madhusudan Securities Limited (Member of Audit Committee & Nomination and Remuneration Committee) 2. Omnitex Industries (India) Limited. (Member of Audit Committee & Nomination and Remuneration Committee) 3. Parshva Enterprises Limited (Member of Nomination and Remuneration Committee). Work Experience: 2 Years at Sharekhan Pvt. Ltd., Completed 12 Months Management Training with CS Jignesh Makwana. Date of Birth: 14 January,1990. Gender: Female. Announcement • Nov 08
SEL Manufacturing Company Limited Announces Resignation of Ashwani Kumar Khanna as Independent Director, Member of the Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee SEL Manufacturing Company Limited informed about the following changes in the composition of Board: Mr. Ashwani Kumar Khanna (DIN: 01680456), has tendered his resignation as the Independent Director of the Company, with effect from the close of business hours on November 7, 2023, citing his personal problems and pre-occupancy. Consequently, he shall also cease to be a member of the Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee of the Company. Announcement • Nov 04
SEL Manufacturing Company Limited to Report Q2, 2024 Results on Nov 09, 2023 SEL Manufacturing Company Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Announcement • Oct 21
SEL Manufacturing Company Limited Announces the Resignation of Mr. Vinod Kumar Goyal as Chief Executive Officer SEL Manufacturing Company Limited announced the resignation of Mr. Vinod Kumar Goyal as Chief Executive Officer, effective October 20, 2023. Announcement • Jul 29
SEL Manufacturing Company Limited, Annual General Meeting, Aug 22, 2023 SEL Manufacturing Company Limited, Annual General Meeting, Aug 22, 2023, at 11:00 Indian Standard Time. Announcement • Jul 23
SEL Manufacturing Company Limited to Report Q1, 2024 Results on Jul 27, 2023 SEL Manufacturing Company Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Announcement • May 31
SEL Manufacturing Company Limited Appoints Aarti Sharma as Company Secretary and Compliance Officer SEL Manufacturing Company Limited has appointed Ms Aarti Sharma (ACS 68577), an Associate member of the Institute of Company Secretaries of India as a Company Secretary in pursuance to the provisions of section 203 of the Companies Act, 2013 at their Meeting held on 30th May, 2023. Announcement • May 25
SEL Manufacturing Company Limited to Report Q4, 2023 Results on May 30, 2023 SEL Manufacturing Company Limited announced that they will report Q4, 2023 results on May 30, 2023 Announcement • May 24
Sel Manufacturing Company Limited Appoints Ashwani Kumar Khanna as Additional Director (Non-Executive Independent Director) on the Board SEL Manufacturing Company Limited approved on May 23, 2023 has appointed Shri. Ashwani Kumar Khanna (DIN: 01680456) as an Additional Director (Non-Executive Independent Director) on the Board of the Company. Shri. Ashwani Kumar Khanna is a qualified Company Secretary from the Institute of Company Secretaries of India. He is fellow member of ICSI and having more than 20 years' experience in consultancy field. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹13.64 loss per share (vs ₹8.54 loss in 3Q 2022) Third quarter 2023 results: ₹13.64 loss per share (further deteriorated from ₹8.54 loss in 3Q 2022). Revenue: ₹1.43b (up 19% from 3Q 2022). Net loss: ₹452.0m (loss widened 60% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Feb 14
SEL Manufacturing Company Limited Announces Cessation of Rahul Kapoor as Company Secretary SEL Manufacturing Company Limited announced that Mr. Rahul Kapoor has ceased to be the Company Secretary of the Company with immediate effect. Announcement • Feb 07
SEL Manufacturing Company Limited to Report Q3, 2023 Results on Feb 13, 2023 SEL Manufacturing Company Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Nov 21
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Woman Director Nidhi Aggarwal was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 14
First quarter 2023 earnings released First quarter 2023 results: ₹15.35 loss per share. Revenue: ₹1.23b (up 54% from 1Q 2022). Net loss: ₹508.5m (loss widened 22% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 03
Full year 2022 earnings released: ₹39.62 loss per share (vs ₹79,183 profit in FY 2021) Full year 2022 results: ₹39.62 loss per share (down from ₹79,183 profit in FY 2021). Revenue: ₹4.20b (up 119% from FY 2021). Net loss: ₹1.31b (down 105% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Woman Director Nidhi Aggarwal was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 22% share price gain to ₹1,548, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 47% 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: ₹8.54 loss per share (up from ₹1,490 loss in 3Q 2021). Revenue: ₹1.20b (up 49% from 3Q 2021). Net loss: ₹283.0m (loss narrowed 43% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: ₹11.24 loss per share (vs ₹560 loss in 2Q 2021) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹1.09b (up 61% from 2Q 2021). Net loss: ₹372.3m (loss widened 101% from 2Q 2021). Board Change • Oct 29
Less than half of directors are independent 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. 1 independent director (5 non-independent directors). Independent Director Ranjan Madaan was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.