Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹300, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 543% over the past three years. Announcement • May 23
Thomas Scott (India) Limited to Report Q4, 2026 Results on May 30, 2026 Thomas Scott (India) Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 30, 2026 New Risk • May 07
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 9.2% 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: Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (₹4.55b market cap, or US$48.3m). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹310, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 621% over the past three years. New Risk • Mar 20
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 7.8% 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: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (₹4.01b market cap, or US$42.9m). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹261, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 19x in the Specialty Retail industry in India. Total returns to shareholders of 549% over the past three years. Reported Earnings • Feb 15
Third quarter 2026 earnings released Third quarter 2026 results: EPS: ₹3.39. Revenue: ₹664.6m (up 46% from 3Q 2025). Net income: ₹49.7m (up 65% from 3Q 2025). Profit margin: 7.5% (up from 6.6% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Thomas Scott (India) Limited to Report Q3, 2026 Results on Feb 14, 2026 Thomas Scott (India) Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Feb 14, 2026 Announcement • Nov 05
Thomas Scott (India) Limited to Report Q2, 2026 Results on Nov 13, 2025 Thomas Scott (India) Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹409, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 29x in the Specialty Retail industry in India. Total returns to shareholders of 926% over the past three years. Announcement • Oct 01
Thomas Scott (India) Limited Appoints Usha Ghelani as Non Executive Independent Director Thomas Scott (India) Limited at its AGM held on September 29, 2025 announced the appointment of Mrs. Usha Ghelani (DIN: 10414386) as non executive director- independent director. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹384, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 31x in the Specialty Retail industry in India. Total returns to shareholders of 884% over the past three years. Announcement • Sep 02
Thomas Scott (India) Limited, Annual General Meeting, Sep 29, 2025 Thomas Scott (India) Limited, Annual General Meeting, Sep 29, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2026 earnings released First quarter 2026 results: EPS: ₹2.50. Revenue: ₹538.9m (up 97% from 1Q 2025). Net income: ₹34.7m (up 150% from 1Q 2025). Profit margin: 6.4% (up from 5.1% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 09
Thomas Scott (India) Limited to Report Q1, 2026 Results on Aug 14, 2025 Thomas Scott (India) Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Jul 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 7.6% 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 High level of non-cash earnings (66% accrual ratio). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹5.34b market cap, or US$62.4m). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹367, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 31x in the Specialty Retail industry in India. Total returns to shareholders of 767% over the past three years. Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹11.58 (vs ₹12.55 in FY 2024) Full year 2025 results: EPS: ₹11.58. Revenue: ₹1.62b (up 77% from FY 2024). Net income: ₹128.0m (up 28% from FY 2024). Profit margin: 7.9% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. New Risk • May 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% 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 Risk Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹5.17b market cap, or US$60.6m). Announcement • May 20
Thomas Scott (India) Limited to Report Q4, 2025 Results on May 28, 2025 Thomas Scott (India) Limited announced that they will report Q4, 2025 results on May 28, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹357, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 34x in the Specialty Retail industry in India. Total returns to shareholders of 599% over the past three years. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹7.96 (vs ₹2.83 in 3Q 2024) Third quarter 2025 results: EPS: ₹7.96 (up from ₹2.83 in 3Q 2024). Revenue: ₹455.9m (up 111% from 3Q 2024). Net income: ₹30.0m (up 25% from 3Q 2024). Profit margin: 6.6% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Thomas Scott (India) Limited to Report Q3, 2025 Results on Feb 12, 2025 Thomas Scott (India) Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹471, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 48x in the Specialty Retail industry in India. Total returns to shareholders of 894% over the past three years. New Risk • Dec 05
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 (59% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (₹2.87b market cap, or US$33.9m). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹230, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 50x in the Specialty Retail industry in India. Total returns to shareholders of 653% over the past three years. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹5.45 (vs ₹3.15 in 2Q 2024) Second quarter 2025 results: EPS: ₹5.45 (up from ₹3.15 in 2Q 2024). Revenue: ₹411.9m (up 87% from 2Q 2024). Net income: ₹28.3m (up 14% from 2Q 2024). Profit margin: 6.9% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 09
Thomas Scott (India) Limited to Report Q2, 2025 Results on Nov 13, 2024 Thomas Scott (India) Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Announcement • Sep 30
Thomas Scott (India) Limited Announces Director Appointments Thomas Scott (India) Limited approved the regularisation of Additional Director, Mrs. Vandana Bang (DIN: 08488909), by appointing her as Non-Executive Non-Independent Director of the Company and appointment of Mrs. Kavita Akshay Chhajer (DIN: 07146097) as a Non- Executive Independent Director of the company. New Risk • Sep 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹1.08m (US$12.8k) 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 (₹1.08m market cap, or US$12.8k). Minor Risk Shareholders have been diluted in the past year (37% increase in shares outstanding). Announcement • Aug 13
Thomas Scott (India) Limited, Annual General Meeting, Sep 27, 2024 Thomas Scott (India) Limited, Annual General Meeting, Sep 27, 2024. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹5.40 (vs ₹1.46 in 1Q 2024) First quarter 2025 results: EPS: ₹5.40 (up from ₹1.46 in 1Q 2024). Revenue: ₹273.4m (up 43% from 1Q 2024). Net income: ₹13.9m (up 21% from 1Q 2024). Profit margin: 5.1% (down from 6.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 148% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
Thomas Scott (India) Limited to Report Q1, 2025 Results on Aug 12, 2024 Thomas Scott (India) Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹225, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 43x in the Specialty Retail industry in India. Total returns to shareholders of 1,165% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹298, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 47x in the Specialty Retail industry in India. Total returns to shareholders of 1,926% over the past three years. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹10.23 (vs ₹4.53 in FY 2023) Full year 2024 results: EPS: ₹10.23 (up from ₹4.53 in FY 2023). Revenue: ₹913.2m (up 45% from FY 2023). Net income: ₹100.2m (up 248% from FY 2023). Profit margin: 11% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 212% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 23
Thomas Scott (India) Limited to Report Q4, 2024 Results on May 27, 2024 Thomas Scott (India) Limited announced that they will report Q4, 2024 results on May 27, 2024 New Risk • Feb 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). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹2.69b market cap, or US$32.3m). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹2.83 (vs ₹2.35 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹2.83 (up from ₹2.35 loss in 3Q 2023). Revenue: ₹233.3m (up 114% from 3Q 2023). Net income: ₹24.0m (up ₹36.9m from 3Q 2023). Profit margin: 10% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 247% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 08
Thomas Scott (India) Limited to Report Q3, 2024 Results on Feb 14, 2024 Thomas Scott (India) Limited announced that they will report Q3, 2024 results on Feb 14, 2024 New Risk • Dec 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 High level of non-cash earnings (259% accrual ratio). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹1.78b market cap, or US$21.3m). Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹3.15 (vs ₹1.43 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.15 (up from ₹1.43 in 2Q 2023). Revenue: ₹229.8m (up 52% from 2Q 2023). Net income: ₹24.8m (up 215% from 2Q 2023). Profit margin: 11% (up from 5.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has increased by 221% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹138, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 45x in the Specialty Retail industry in India. Total returns to shareholders of 3,176% over the past three years. Announcement • Oct 01
Thomas Scott (India) Limited Appoints Vedant Bang as Managing Director Thomas Scott (India) Limited at its held on September 27, 2023, appointed Mr. Vedant Bang as Managing Director of the Company. Announcement • Sep 16
Thomas Scott (India) Limited announced a financing transaction Thomas Scott (India) Limited announced a private placement of up to 60,00,000 convertible warrants on a preferential allotment on September 15, 2023. The company will receive 25% of the total amount as upfront payment at the time of allotment and the remaining 75% will be paid within 18 months. The warrants shall be issued at a price which shall be not lower than the floor price calculated in accordance with Regulation 29 of the SEBI ICDR Regulations. The transaction has been approved by the board of directors of the company. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹90.75, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 43x in the Specialty Retail industry in India. Total returns to shareholders of 1,811% over the past three years. New Risk • Aug 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Market cap is less than US$10m (₹545.8m market cap, or US$6.57m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (42% increase in shares outstanding). Announcement • Aug 13
Thomas Scott (India) Limited, Annual General Meeting, Sep 27, 2023 Thomas Scott (India) Limited, Annual General Meeting, Sep 27, 2023. Announcement • Aug 05
Thomas Scott (India) Limited to Report Q1, 2024 Results on Aug 12, 2023 Thomas Scott (India) Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Announcement • May 25
Thomas Scott (India) Limited to Report Q4, 2023 Results on May 30, 2023 Thomas Scott (India) Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 16
Third quarter 2023 earnings released: ₹2.35 loss per share (vs ₹0.39 profit in 3Q 2022) Third quarter 2023 results: ₹2.35 loss per share (down from ₹0.39 profit in 3Q 2022). Revenue: ₹108.9m (up 37% from 3Q 2022). Net loss: ₹13.0m (down ₹14.3m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 09
Thomas Scott (India) Limited to Report Q3, 2023 Results on Feb 14, 2023 Thomas Scott (India) Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 21% share price gain to ₹47.50, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 36x in the Specialty Retail industry in India. Total returns to shareholders of 1,005% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improved over the past week After last week's 18% share price gain to ₹40.25, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 27x in the Specialty Retail industry in India. Total returns to shareholders of 350% over the past three years. Reported Earnings • Aug 19
First quarter 2023 earnings released: EPS: ₹2.09 (vs ₹1.32 in 1Q 2022) First quarter 2023 results: EPS: ₹2.09 (up from ₹1.32 in 1Q 2022). Revenue: ₹128.9m (up 145% from 1Q 2022). Net income: ₹7.08m (up 58% from 1Q 2022). Profit margin: 5.5% (down from 8.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹53.20, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 44x in the Specialty Retail industry in India. Total returns to shareholders of 478% over the past three years. Buying Opportunity • May 04
Now 20% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be ₹73.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 15% share price gain to ₹55.65, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 42x in the Specialty Retail industry in India. Total returns to shareholders of 435% over the past three years. Board Change • Mar 29
High number of new directors Additional Director Vedant Bang was the last director to join the board, commencing their role in 2022. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 15% share price gain to ₹40.05, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 35x in the Specialty Retail industry in India. Total returns to shareholders of 427% 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: EPS: ₹0.39 (up from ₹0.35 in 3Q 2021). Revenue: ₹79.3m (up 10% from 3Q 2021). Net income: ₹1.31m (up 11% from 3Q 2021). Profit margin: 1.6% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹42.85, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 28x in the Specialty Retail industry in India. Total returns to shareholders of 436% 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 15% share price gain to ₹37.10, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 27x in the Specialty Retail industry in India. Total returns to shareholders of 329% 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 28% share price gain to ₹25.50, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 28x in the Specialty Retail industry in India. Total returns to shareholders of 154% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 18% share price gain to ₹19.30, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 16x in the Specialty Retail industry in India. Total returns to shareholders of 98% over the past three years. Reported Earnings • Jul 02
Full year 2021 earnings released: ₹0.34 loss per share (vs ₹5.71 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2021 results: Revenue: ₹215.5m (flat on FY 2020). Net loss: ₹1.15m (loss narrowed 94% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS ₹0.35 (vs ₹1.79 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹71.9m (up 67% from 3Q 2020). Net income: ₹1.18m (up ₹7.24m from 3Q 2020). Profit margin: 1.6% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 04
New 90-day high: ₹7.35 The company is up 53% from its price of ₹4.80 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: ₹6.05 The company is up 20% from its price of ₹5.05 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 9.0% over the same period. Is New 90 Day High Low • Oct 26
New 90-day high: ₹6.00 The company is up 5.0% from its price of ₹5.70 on 28 July 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is down 1.0% over the same period. Is New 90 Day High Low • Sep 21
New 90-day low: ₹4.35 The company is down 6.0% from its price of ₹4.65 on 23 June 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is down 18% over the same period.