Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹16.34, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 263% over the past three years. Announcement • May 15
Shekhawati Industries Limited, Annual General Meeting, Jun 17, 2026 Shekhawati Industries Limited, Annual General Meeting, Jun 17, 2026, at 12:30 Indian Standard Time. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹14.04, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 155% over the past three years. Reported Earnings • Apr 29
Full year 2026 earnings released: EPS: ₹2.55 (vs ₹1.82 in FY 2025) Full year 2026 results: EPS: ₹2.55 (up from ₹1.82 in FY 2025). Revenue: ₹181.4m (down 70% from FY 2025). Net income: ₹88.1m (up 40% from FY 2025). Profit margin: 49% (up from 10% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. New Risk • Apr 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 9.7% 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 (9.7% average weekly change). Market cap is less than US$10m (₹520.2m market cap, or US$5.52m). Minor Risks Profit margins are more than 30% lower than last year (21% net profit margin). Revenue is less than US$5m (₹191m revenue, or US$2.0m). Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹17.46, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 217% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹10.82, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹13.48, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 125% over the past three years. New Risk • Jan 27
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 8.7% 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 (8.7% average weekly change). Market cap is less than US$10m (₹432.3m market cap, or US$4.72m). Minor Risks Profit margins are more than 30% lower than last year (21% net profit margin). Revenue is less than US$5m (₹191m revenue, or US$2.1m). Reported Earnings • Jan 22
Third quarter 2026 earnings released: ₹0.15 loss per share (vs ₹0.44 profit in 3Q 2025) Third quarter 2026 results: ₹0.15 loss per share (down from ₹0.44 profit in 3Q 2025). Revenue: ₹21.4m (down 86% from 3Q 2025). Net loss: ₹5.13m (down 134% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 30% per year. New Risk • Dec 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (126% accrual ratio). Market cap is less than US$10m (₹711.5m market cap, or US$7.95m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin). Revenue is less than US$5m (₹323m revenue, or US$3.6m). Reported Earnings • Oct 20
Second quarter 2026 earnings released: EPS: ₹0.54 (vs ₹0.74 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.54 (down from ₹0.74 in 2Q 2025). Revenue: ₹31.8m (down 82% from 2Q 2025). Net income: ₹18.7m (down 27% from 2Q 2025). Profit margin: 59% (up from 14% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Oct 20
Shekhawati Industries Limited Announces Re-Constitutes the Audit Committee and Stakeholder Relationship Committee The board of directors of Shekhawati Industries Limited meeting held on October 18, 2025, the board has re-constituted the audit committee and Stakeholder Relationship Committee. Constitution of Audit Committee as mentioned below: Mr. Sushil Kumar Poddar- Chairman; Mr. Mukesh Ramniranjan Ruia, Mr. Nirmal Bagri and Mrs. Shweta Mundra- members. Constitution of Stakeholder Relationship Committee: Mr. Sushil Kumar Poddar- Chairman; Mr. Mukesh Ramniranjan Ruia, Mr. Nirmal Bagri and Mrs. Shweta Mundra – members. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹24.54, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 24x in the Luxury industry in India. Total returns to shareholders of 158% over the past three years. Reported Earnings • Jul 25
First quarter 2026 earnings released: EPS: ₹0.82 (vs ₹0.70 in 1Q 2025) First quarter 2026 results: EPS: ₹0.82 (up from ₹0.70 in 1Q 2025). Revenue: ₹42.3m (down 74% from 1Q 2025). Net income: ₹28.1m (up 19% from 1Q 2025). Profit margin: 67% (up from 14% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Announcement • Jul 24
Shekhawati Industries Limited, Annual General Meeting, Sep 10, 2025 Shekhawati Industries Limited, Annual General Meeting, Sep 10, 2025, at 12:30 Indian Standard Time. Announcement • Jul 16
Shekhawati Industries Limited to Report Q1, 2026 Results on Jul 24, 2025 Shekhawati Industries Limited announced that they will report Q1, 2026 results on Jul 24, 2025 Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹21.48, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 186% over the past three years. New Risk • Apr 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 105% 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 Risk High level of non-cash earnings (105% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (₹870.7m market cap, or US$10.2m). Buy Or Sell Opportunity • Apr 21
Now 21% overvalued Over the last 90 days, the stock has fallen 19% to ₹25.26. The fair value is estimated to be ₹20.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Apr 10
Shekhawati Industries Limited to Report Q4, 2025 Results on Apr 21, 2025 Shekhawati Industries Limited announced that they will report Q4, 2025 results on Apr 21, 2025 Buy Or Sell Opportunity • Feb 21
Now 23% overvalued Over the last 90 days, the stock has fallen 35% to ₹25.52. The fair value is estimated to be ₹20.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Feb 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹863.5m (US$9.96m) 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 Risk Market cap is less than US$10m (₹863.5m market cap, or US$9.96m). Minor Risk Large one-off items impacting financial results. Announcement • Feb 03
Shekhawati Industries Limited Appoints Meena Ashish Agal as Chief Financial Officer Shekhawati Industries Limited informed that, the Board of Directors of the Company at their meeting held on 3rd February, 2025, inter-alia approved and taken on record the following: Mrs. Meena Ashish Agal, who currently serves as the company's esteemed Company Secretary & Compliance Officer, has taken on the additional role of Chief Financial Officer. Hence appointment of Mrs. Meena Ashish Agal as the Chief Financial Officer (Key Managerial Personnel) of the Company, effective 3rd February, 2025 in addition to Company Secretary & Compliance Officer. Mrs. Meena Ashish Agal, who currently serves as the company’s esteemed Company Secretary and Compliance Officer, has taken on the additional role of Chief Financial Officer. Mrs. Agal holds a Bachelor of Business Administration (BBA) and a Master of Commerce (M.Com) from Gujarat University, as well as an LLB from Mumbai University. She is also an Associate Member of the Institute of Company Secretaries of India (ICSI). With her diverse knowledge in accounting, finance, corporate governance and compliance, Mrs. Agal has been an integral part of the company’s organization. In her expanded role, she will oversee all aspects of financial operations, including accounting, financial reporting, budgeting, planning, forecasting, and taxation. The company is confident that her leadership and dedication will continue to strengthen the company’s organization's financial and strategic goals. Reported Earnings • Jan 18
Third quarter 2025 earnings released: EPS: ₹0.44 (vs ₹0.70 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.44 (down from ₹0.70 in 3Q 2024). Net income: ₹15.1m (down 36% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Announcement • Jan 07
Shekhawati Industries Limited to Report Q4, 2025 Results on Jan 16, 2025 Shekhawati Industries Limited announced that they will report Q4, 2025 results on Jan 16, 2025 New Risk • Dec 14
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 7.6% 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 Risk High level of non-cash earnings (436% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹953.8m market cap, or US$11.2m). Announcement • Nov 22
Shekhawati Industries Limited Announces Resignation of Suresh Chandra Gattani as Chief Financial Officer Shekhawati Industries Limited informed that Mr. Suresh Chandra Gattani - Chief Financial Officer and Key Managerial Personnel (KMP) of the Company has tendered his resignation vide letter dated 20th November, 2024, due to his personal reason and he will be relieved from his duties effective from close of business hours of 20th November, 2024. Mr. Suresh Chandra Gattani will also cease to be a Key Managerial Personnel under the provision of Section 203 and other applicable provisions if any, of the Companies Act 2013 and Regulation 30 (5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for determining the materiality of any event or transaction for making the required disclosures to the Stock Exchanges w.e.f. close of business hours of 20th November, 2024. Reported Earnings • Nov 06
Second quarter 2025 earnings released: EPS: ₹0.74 (vs ₹2.40 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.74 (down from ₹2.40 in 2Q 2024). Net income: ₹25.6m (down 69% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 81% per year, which means it is significantly lagging earnings growth. Announcement • Oct 25
Shekhawati Industries Limited to Report Q2, 2025 Results on Nov 05, 2024 Shekhawati Industries Limited announced that they will report Q2, 2025 results on Nov 05, 2024 Buy Or Sell Opportunity • Oct 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ₹47.07. The fair value is estimated to be ₹59.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Oct 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to ₹46.29. The fair value is estimated to be ₹59.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jul 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 129% to ₹6.18. The fair value is estimated to be ₹5.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jul 25
First quarter 2025 earnings released: EPS: ₹0.07 (vs ₹0.06 loss in 1Q 2024) First quarter 2025 results: EPS: ₹0.07 (up from ₹0.06 loss in 1Q 2024). Net income: ₹23.6m (up ₹44.3m from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 105% per year, which means it is significantly lagging earnings growth. Announcement • Jul 16
Shekhawati Poly-Yarn Limited to Report Q1, 2025 Results on Jul 24, 2024 Shekhawati Poly-Yarn Limited announced that they will report Q1, 2025 results on Jul 24, 2024 Announcement • Jun 08
Shekhawati Poly-Yarn Limited, Annual General Meeting, Jul 02, 2024 Shekhawati Poly-Yarn Limited, Annual General Meeting, Jul 02, 2024, at 12:30 Indian Standard Time. Buy Or Sell Opportunity • May 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.7% to ₹2.80. The fair value is estimated to be ₹2.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Board Change • May 01
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. 4 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Nirmal Bagri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Mar 12
Now 20% undervalued Over the last 90 days, the stock has risen 42% to ₹1.85. The fair value is estimated to be ₹2.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Feb 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 342% to ₹2.65. The fair value is estimated to be ₹2.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jan 12
Third quarter 2024 earnings released: EPS: ₹0.07 (vs ₹0.08 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.07 (up from ₹0.08 loss in 3Q 2023). Revenue: ₹182.4m (down 29% from 3Q 2023). Net income: ₹23.6m (up ₹50.2m from 3Q 2023). Profit margin: 13% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 02
Shekhawati Poly-Yarn Limited to Report Q3, 2024 Results on Jan 11, 2024 Shekhawati Poly-Yarn Limited announced that they will report Q3, 2024 results at 12:08 PM, Indian Standard Time on Jan 11, 2024 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹1.25, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 28x in the Luxury industry in India. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹1.05, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 25x in the Luxury industry in India. Total returns to shareholders of 75% over the past three years. Reported Earnings • Oct 27
Second quarter 2024 earnings released: EPS: ₹0.24 (vs ₹0.24 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.24 (up from ₹0.24 loss in 2Q 2023). Revenue: ₹270.0m (down 73% from 2Q 2023). Net income: ₹82.9m (up ₹166.8m from 2Q 2023). Profit margin: 31% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Oct 13
Shekhawati Poly-Yarn Limited to Report Q2, 2024 Results on Oct 25, 2023 Shekhawati Poly-Yarn Limited announced that they will report Q2, 2024 results at 12:08 PM, Indian Standard Time on Oct 25, 2023 Reported Earnings • Jul 30
First quarter 2024 earnings released: ₹0.06 loss per share (vs ₹0.22 loss in 1Q 2023) First quarter 2024 results: ₹0.06 loss per share (improved from ₹0.22 loss in 1Q 2023). Revenue: ₹157.4m (down 88% from 1Q 2023). Net loss: ₹20.8m (loss narrowed 73% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 29
Shekhawati Poly-Yarn Limited, Annual General Meeting, Sep 15, 2023 Shekhawati Poly-Yarn Limited, Annual General Meeting, Sep 15, 2023, at 12:30 Indian Standard Time. Reported Earnings • May 13
Full year 2023 earnings released: ₹0.61 loss per share (vs ₹0.71 loss in FY 2022) Full year 2023 results: ₹0.61 loss per share (improved from ₹0.71 loss in FY 2022). Revenue: ₹3.04b (down 16% from FY 2022). Net loss: ₹211.8m (loss narrowed 13% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Feb 05
Third quarter 2023 earnings released: ₹0.08 loss per share (vs ₹0.22 loss in 3Q 2022) Third quarter 2023 results: ₹0.08 loss per share (improved from ₹0.22 loss in 3Q 2022). Revenue: ₹255.3m (down 82% from 3Q 2022). Net loss: ₹26.6m (loss narrowed 65% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Nov 12
Second quarter 2023 earnings released: ₹0.24 loss per share (vs ₹0.08 loss in 2Q 2022) Second quarter 2023 results: ₹0.24 loss per share (further deteriorated from ₹0.08 loss in 2Q 2022). Revenue: ₹1.02b (up 38% from 2Q 2022). Net loss: ₹83.8m (loss widened 190% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Announcement • Sep 03
Shekhawati Poly-Yarn Limited to Report Q3, 2023 Results on Feb 14, 2023 Shekhawati Poly-Yarn Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 14, 2023 Reported Earnings • Aug 11
First quarter 2023 earnings released: ₹0.22 loss per share (vs ₹0.08 loss in 1Q 2022) First quarter 2023 results: ₹0.22 loss per share (down from ₹0.08 loss in 1Q 2022). Revenue: ₹1.33b (up ₹1.25b from 1Q 2022). Net loss: ₹77.2m (loss widened 188% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • May 26
Full year 2022 earnings released: ₹0.71 loss per share (vs ₹0.33 loss in FY 2021) Full year 2022 results: ₹0.71 loss per share (down from ₹0.33 loss in FY 2021). Revenue: ₹3.65b (up ₹3.36b from FY 2021). Net loss: ₹243.8m (loss widened 113% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.22 loss per share (down from ₹0.06 loss in 3Q 2021). Revenue: ₹1.42b (up ₹1.34b from 3Q 2021). Net loss: ₹74.9m (loss widened 267% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 28
Second quarter 2022 earnings released: ₹0.06 loss per share (vs ₹0.14 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: ₹739.9m (up ₹684.8m from 2Q 2021). Net loss: ₹29.0m (loss narrowed 38% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 15
First quarter 2022 earnings released: ₹0.08 loss per share (vs ₹0.14 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹87.0m (up 204% from 1Q 2021). Net loss: ₹26.9m (loss narrowed 43% from 1Q 2021). 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 36% per year, which means it is well ahead of earnings. Reported Earnings • Jul 03
Full year 2021 earnings released: ₹0.33 loss per share (vs ₹0.61 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: ₹300.2m (down 82% from FY 2020). Net loss: ₹114.4m (loss narrowed 46% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Executive Departure • Apr 03
Independent Non-Executive Director has left the company On the 23rd of March, Vikas Rathi's tenure as Independent Non-Executive Director ended after 1.9 years in the role. We don't have any record of a personal shareholding under Vikas' name. Vikas is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 20
New 90-day low: ₹0.35 The company is down 12% from its price of ₹0.40 on 20 November 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 14% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: ₹0.06 loss per share (vs ₹0.16 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: ₹80.5m (down 84% from 3Q 2020). Net loss: ₹20.4m (loss narrowed 63% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year. Is New 90 Day High Low • Nov 24
New 90-day high: ₹0.45 The company is up 29% from its price of ₹0.35 on 26 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: ₹0.25 The company is down 44% from its price of ₹0.45 on 31 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 16% over the same period. Recent Insider Transactions • Oct 05
Insider recently bought ₹4.1m worth of stock On the 30th of September, Shrey Ruia bought around 11m shares on-market at roughly ₹0.38 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. 