Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹0.01 (vs ₹0.19 in FY 2025) Full year 2026 results: EPS: ₹0.01 (down from ₹0.19 in FY 2025). Revenue: ₹1.94b (down 9.5% from FY 2025). Net income: ₹2.91m (down 93% from FY 2025). Profit margin: 0.1% (down from 1.9% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 22
T.T. Limited, Annual General Meeting, Sep 16, 2026 T.T. Limited, Annual General Meeting, Sep 16, 2026. Announcement • May 08
T.T. Limited to Report Q4, 2026 Results on May 21, 2026 T.T. Limited announced that they will report Q4, 2026 results on May 21, 2026 New Risk • Feb 02
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 Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (₹2.27b market cap, or US$24.8m). Reported Earnings • Jan 29
Third quarter 2026 earnings released: ₹0.04 loss per share (vs ₹0.047 profit in 3Q 2025) Third quarter 2026 results: ₹0.04 loss per share (down from ₹0.047 profit in 3Q 2025). Revenue: ₹408.1m (down 28% from 3Q 2025). Net loss: ₹9.99m (down 198% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jan 21
T.T. Limited to Report Q3, 2026 Results on Jan 28, 2026 T.T. Limited announced that they will report Q3, 2026 results on Jan 28, 2026 Recent Insider Transactions • Dec 16
Whole-Time Director recently bought ₹135k worth of stock On the 9th of December, Hardik Jain bought around 15k shares on-market at roughly ₹8.93 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹2.3m. Insiders have collectively bought ₹4.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 09
MD, CEO & Whole Time Director recently bought ₹107k worth of stock On the 5th of December, Sanjay Jain bought around 12k shares on-market at roughly ₹9.14 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹2.3m. Sanjay has been a buyer over the last 12 months, purchasing a net total of ₹2.3m worth in shares. Recent Insider Transactions • Nov 21
MD, CEO & Whole Time Director recently bought ₹353k worth of stock On the 19th of November, Sanjay Jain bought around 37k shares on-market at roughly ₹9.48 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Sanjay's only on-market trade for the last 12 months. Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: ₹0.01 (vs ₹0.023 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.01 (down from ₹0.023 in 2Q 2025). Revenue: ₹472.1m (down 13% from 2Q 2025). Net income: ₹1.76m (down 64% from 2Q 2025). Profit margin: 0.4% (down from 0.9% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 29
T.T. Limited to Report Q2, 2026 Results on Nov 05, 2025 T.T. Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Announcement • Sep 24
T.T. Limited Declares Final Dividend for the Financial Year 2024- 2025 T.T. Limited announced that at the AGM held on September 24, 2025, declared final dividend @ 5% (INR 0.05/- Per Equity Share Of Face Value Of INR 1/- Each) For The Financial Year 2024-25. Upcoming Dividend • Sep 10
Upcoming dividend of ₹0.05 per share Eligible shareholders must have bought the stock before 17 September 2025. Payment date: 24 October 2025. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.6%). Recent Insider Transactions • Sep 09
Whole-Time Director recently bought ₹146k worth of stock On the 2nd of September, Hardik Jain bought around 13k shares on-market at roughly ₹10.92 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. 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. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹0.02 (vs ₹0.31 in 1Q 2025) First quarter 2026 results: EPS: ₹0.02 (down from ₹0.31 in 1Q 2025). Revenue: ₹482.7m (up 18% from 1Q 2025). Net income: ₹4.27m (down 94% from 1Q 2025). Profit margin: 0.9% (down from 16% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Aug 02
T.T. Limited to Report Q1, 2026 Results on Aug 07, 2025 T.T. Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Announcement • Aug 01
T.T. Limited has completed a Follow-on Equity Offering in the amount of INR 399.965328 million. T.T. Limited has completed a Follow-on Equity Offering in the amount of INR 399.965328 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 33,330,444
Price\Range: INR 12
Transaction Features: Regulation S; Rights Offering New Risk • Jul 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor 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 Interest payments are not well covered by earnings (0.1x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (₹3.42b market cap, or US$39.8m). New Risk • May 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.1x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹3.06b market cap, or US$35.9m). Announcement • May 22
T.T. Limited, Annual General Meeting, Sep 24, 2025 T.T. Limited, Annual General Meeting, Sep 24, 2025. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹0.19 (vs ₹0.21 in FY 2024) Full year 2025 results: EPS: ₹0.19 (down from ₹0.21 in FY 2024). Revenue: ₹2.16b (up 2.3% from FY 2024). Net income: ₹41.0m (down 12% from FY 2024). Profit margin: 1.9% (down from 2.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 10
T.T. Limited to Report Q4, 2025 Results on May 21, 2025 T.T. Limited announced that they will report Q4, 2025 results on May 21, 2025 Announcement • Apr 10
T.T. Limited has filed a Follow-on Equity Offering in the amount of INR 400 million. T.T. Limited has filed a Follow-on Equity Offering in the amount of INR 400 million.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S; Rights Offering Announcement • Mar 31
T.T. Limited Announces Resignation of Rikhab Chand Jain as Executive Chairman Cum Director T.T. Limited announced the resignation of Shri Rikhab Chand Jain, (DIN:01736379) from the position of Executive Chairman cum Director of the Company with effect from close of business hours on 31 st March, 2025. However, he will continue to be on the Board of the Company as Non- Executive Chairman cum Director of the Company w.e.f. 1st April, 2025. Shri Rikhab Chand Jain is MBA (IIM, Calcutta) PhD. In business management, FCS, AICS (UK), Chartered Secretary London. He is the founder Director cum Chairman of the Company. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹12.82, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 22x in the Luxury industry in India. Total returns to shareholders of 20% over the past three years. New Risk • Mar 18
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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹2.86b market cap, or US$33.1m). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹12.63, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 24x in the Luxury industry in India. Total returns to shareholders of 19% over the past three years. New Risk • Feb 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹327.2m (US$3.77m) 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 Interest payments are not well covered by earnings (0.6x net interest cover). Market cap is less than US$10m (₹327.2m market cap, or US$3.77m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.47 (vs ₹1.01 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.47 (up from ₹1.01 loss in 3Q 2024). Revenue: ₹567.6m (up 8.7% from 3Q 2024). Net income: ₹10.1m (up ₹32.0m from 3Q 2024). Profit margin: 1.8% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Announcement • Feb 03
T.T. Limited to Report Q3, 2025 Results on Feb 10, 2025 T.T. Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Announcement • Dec 18
T.T. Limited Announces Appointment of Hardik Jain as Executive Director, Effective 24 January, 2025 T.T. Limited announced the appointment of Hardik Jain as executive director, effective 24 January, 2025. Shri Hardik Jain aged 22 years is graduated with a degree in Finance and Marketing from University of Melbourne. He has 2 years of experience in the Hosiery Industry. Shri Hardik Jain is son of Smt. Jyoti Jain, Jt. Managing Director and Shri Sanjay Kumar Jain, Managing Director and grandson of Shri Rikhab Chand Jain, Chairman of the Company. New Risk • Dec 10
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 Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹3.92b market cap, or US$46.3m). Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹148, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 74% over the past three years. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹0.23 (vs ₹0.04 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.23 (up from ₹0.04 in 2Q 2024). Revenue: ₹545.3m (up 13% from 2Q 2024). Net income: ₹4.88m (up 433% from 2Q 2024). Profit margin: 0.9% (up from 0.2% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Oct 16
T.T. Limited to Report Q2, 2025 Results on Oct 24, 2024 T.T. Limited announced that they will report Q2, 2025 results on Oct 24, 2024 Buy Or Sell Opportunity • Sep 26
Now 20% undervalued Over the last 90 days, the stock has risen 1.2% to ₹117. The fair value is estimated to be ₹147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Sep 04
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Independent Director Hardik Jain was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Aug 22
Now 21% undervalued Over the last 90 days, the stock has risen 7.1% to ₹117. The fair value is estimated to be ₹148, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹3.12 (vs ₹0.23 in 1Q 2024) First quarter 2025 results: EPS: ₹3.12 (up from ₹0.23 in 1Q 2024). Revenue: ₹411.4m (down 31% from 1Q 2024). Net income: ₹67.1m (up ₹62.2m from 1Q 2024). Profit margin: 16% (up from 0.8% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Aug 07
T.T. Limited to Report Q1, 2025 Results on Aug 14, 2024 T.T. Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Recent Insider Transactions • Jun 27
Insider recently sold ₹1.1m worth of stock On the 21st of June, Kala Jain sold around 10k shares on-market at roughly ₹111 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.5m more than they bought in the last 12 months. Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹2.15 (vs ₹5.90 loss in FY 2023) Full year 2024 results: EPS: ₹2.15 (up from ₹5.90 loss in FY 2023). Revenue: ₹2.12b (up 4.5% from FY 2023). Net income: ₹46.3m (up ₹173.0m from FY 2023). Profit margin: 2.2% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 24
Now 22% undervalued Over the last 90 days, the stock has risen 3.9% to ₹109. The fair value is estimated to be ₹140, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Earnings per share has declined by 38%. Announcement • May 15
T.T. Limited to Report Q4, 2024 Results on May 23, 2024 T.T. Limited announced that they will report Q4, 2024 results on May 23, 2024 Buy Or Sell Opportunity • Mar 15
Now 21% undervalued Over the last 90 days, the stock has risen 11% to ₹113. The fair value is estimated to be ₹144, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Earnings per share has declined by 38%. New Risk • Feb 28
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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 7.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₹2.41b market cap, or US$29.1m). Buy Or Sell Opportunity • Feb 28
Now 23% undervalued Over the last 90 days, the stock has risen 17% to ₹112. The fair value is estimated to be ₹146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Earnings per share has declined by 38%. Reported Earnings • Jan 25
Third quarter 2024 earnings released: ₹1.01 loss per share (vs ₹0.38 profit in 3Q 2023) Third quarter 2024 results: ₹1.01 loss per share (down from ₹0.38 profit in 3Q 2023). Revenue: ₹523.5m (up 8.7% from 3Q 2023). Net loss: ₹21.8m (down 364% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • Jan 15
T.T. Limited to Report Q3, 2024 Results on Jan 24, 2024 T.T. Limited announced that they will report Q3, 2024 results on Jan 24, 2024 Recent Insider Transactions • Jan 02
MD, CEO & Whole Time Director recently bought ₹504k worth of stock On the 28th of December, Sanjay Jain bought around 5k shares on-market at roughly ₹101 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Sanjay's only on-market trade for the last 12 months. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹0.04 (vs ₹5.11 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.04 (up from ₹5.11 loss in 2Q 2023). Revenue: ₹483.5m (up 19% from 2Q 2023). Net income: ₹915.0k (up ₹110.8m from 2Q 2023). Profit margin: 0.2% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings have declined by 3.1% 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 Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 3.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹2.04b market cap, or US$24.5m). Announcement • Oct 28
T.T. Limited to Report Q2, 2024 Results on Nov 08, 2023 T.T. Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Buying Opportunity • Aug 14
Now 20% undervalued Over the last 90 days, the stock is up 9.0%. The fair value is estimated to be ₹104, 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 became loss making. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹0.23 (vs ₹0.30 in 1Q 2023) First quarter 2024 results: EPS: ₹0.23 (down from ₹0.30 in 1Q 2023). Revenue: ₹595.2m (up 6.3% from 1Q 2023). Net income: ₹4.93m (down 23% from 1Q 2023). Profit margin: 0.8% (down from 1.1% in 1Q 2023). The decrease in margin was driven by higher expenses. 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 36% per year, which means it is well ahead of earnings. Announcement • Aug 01
T.T. Limited to Report Q1, 2024 Results on Aug 09, 2023 T.T. Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Recent Insider Transactions • Jul 03
Executive Chairman recently bought ₹74k worth of stock On the 30th of June, Rikhab Jain bought around 960 shares on-market at roughly ₹76.94 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Rikhab has been a buyer over the last 12 months, purchasing a net total of ₹570k worth in shares. Reported Earnings • May 19
Full year 2023 earnings released: ₹5.89 loss per share (vs ₹6.76 profit in FY 2022) Full year 2023 results: ₹5.89 loss per share (down from ₹6.76 profit in FY 2022). Revenue: ₹2.05b (down 48% from FY 2022). Net loss: ₹126.7m (down 187% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
T.T. Limited, Annual General Meeting, Sep 27, 2023 T.T. Limited, Annual General Meeting, Sep 27, 2023. Announcement • May 10
T.T. Limited to Report Q4, 2023 Results on May 17, 2023 T.T. Limited announced that they will report Q4, 2023 results on May 17, 2023 Recent Insider Transactions • Mar 28
Insider recently bought ₹237k worth of stock On the 26th of March, Hardik Jain bought around 3k shares on-market at roughly ₹71.10 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹1.1m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: ₹0.38 (vs ₹1.89 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.38 (down from ₹1.89 in 3Q 2022). Revenue: ₹483.6m (down 60% from 3Q 2022). Net income: ₹8.26m (down 80% from 3Q 2022). Profit margin: 1.7% (down from 3.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jan 24
T.T. Limited to Report Q3, 2023 Results on Feb 08, 2023 T.T. Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Recent Insider Transactions • Nov 27
Executive Chairman recently bought ₹384k worth of stock On the 26th of November, Rikhab Jain bought around 4k shares on-market at roughly ₹96.01 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Rikhab has been a buyer over the last 12 months, purchasing a net total of ₹5.0m worth in shares. Reported Earnings • Nov 03
Second quarter 2023 earnings released: ₹5.11 loss per share (vs ₹2.42 profit in 2Q 2022) Second quarter 2023 results: ₹5.11 loss per share (down from ₹2.42 profit in 2Q 2022). Revenue: ₹416.2m (down 65% from 2Q 2022). Net loss: ₹109.8m (down 311% from profit in 2Q 2022). 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 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₹99.50, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 132% over the past three years. Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: ₹0.30 (vs ₹1.93 in 1Q 2022) First quarter 2023 results: EPS: ₹0.30 (down from ₹1.93 in 1Q 2022). Revenue: ₹561.5m (down 33% from 1Q 2022). Net income: ₹6.41m (down 85% from 1Q 2022). Profit margin: 1.1% (down from 5.0% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 02
Executive Chairman recently bought ₹293k worth of stock On the 30th of June, Rikhab Jain bought around 4k shares on-market at roughly ₹73.29 per share. This was the largest purchase by an insider in the last 3 months. Rikhab has been a buyer over the last 12 months, purchasing a net total of ₹4.6m worth in shares. Reported Earnings • Jun 30
Full year 2022 earnings released Full year 2022 results: Revenue: ₹3.96b (flat on FY 2021). Net income: ₹145.3m (up ₹221.3m from FY 2021). Profit margin: 3.7% (up from net loss in FY 2021). 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 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹74.55, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₹124, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 135% over the past three years. Recent Insider Transactions • Mar 24
Executive Chairman recently bought ₹880k worth of stock On the 22nd of March, Rikhab Jain bought around 9k shares on-market at roughly ₹103 per share. In the last 3 months, they made an even bigger purchase worth ₹1.8m. Rikhab has been a buyer over the last 12 months, purchasing a net total of ₹4.3m worth in shares. Recent Insider Transactions • Mar 09
Executive Chairman recently bought ₹744k worth of stock On the 28th of February, Rikhab Jain bought around 7k shares on-market at roughly ₹104 per share. In the last 3 months, they made an even bigger purchase worth ₹1.8m. Rikhab has been a buyer over the last 12 months, purchasing a net total of ₹3.5m worth in shares. Recent Insider Transactions • Feb 16
Executive Chairman recently bought ₹917k worth of stock On the 14th of February, Rikhab Jain bought around 8k shares on-market at roughly ₹115 per share. In the last 3 months, they made an even bigger purchase worth ₹1.8m. Rikhab has been a buyer over the last 12 months, purchasing a net total of ₹2.7m worth in shares. Reported Earnings • Jan 21
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.89 (up from ₹0.83 in 3Q 2021). Revenue: ₹1.19b (up 7.9% from 3Q 2021). Net income: ₹40.6m (up 127% from 3Q 2021). Profit margin: 3.4% (up from 1.6% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 13
Now 22% undervalued Over the last 90 days, the stock is up 55%. The fair value is estimated to be ₹154, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% per annum over the last 3 years. The company has become profitable over the last year. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 42% share price gain to ₹111, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 72% over the past three years. Recent Insider Transactions • Jan 02
Executive Chairman recently bought ₹1.8m worth of stock On the 30th of December, Rikhab Jain bought around 23k shares on-market at roughly ₹79.72 per share. This was the largest purchase by an insider in the last 3 months. This was Rikhab's only on-market trade for the last 12 months. Reported Earnings • Oct 22
Second quarter 2022 earnings released: EPS ₹2.42 (vs ₹1.24 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.18b (up 19% from 2Q 2021). Net income: ₹52.1m (up ₹78.7m from 2Q 2021). Profit margin: 4.4% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 05
First quarter 2022 earnings released: ₹1.93 loss per share (vs ₹1.84 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹837.2m (up 23% from 1Q 2021). Net income: ₹41.6m (up ₹81.2m from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year.