Board Change • Jul 27
High number of new directors Additional Non-Executive Independent Director Rekha Naraniwal was the last director to join the board, commencing their role in 2026. New Risk • Jul 03
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 8.1% 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 Earnings have declined by 8.9% per year over the past 5 years. Revenue is less than US$1m (₹28m revenue, or US$291k). Market cap is less than US$10m (₹117.5m market cap, or US$1.23m). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). New Risk • May 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 0.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.9% per year over the past 5 years. Revenue is less than US$1m (₹28m revenue, or US$291k). Market cap is less than US$10m (₹137.5m market cap, or US$1.44m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Announcement • Apr 24
Mitshi India Limited to Report Fiscal Year 2026 Results on Apr 28, 2026 Mitshi India Limited announced that they will report fiscal year 2026 results on Apr 28, 2026 Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.03 (vs ₹0.05 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.03 (down from ₹0.05 in 3Q 2025). Revenue: ₹5.72m (down 58% from 3Q 2025). Net income: ₹298.0k (down 29% from 3Q 2025). Profit margin: 5.2% (up from 3.1% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Feb 06
Mitshi India Limited to Report Q3, 2026 Results on Feb 13, 2026 Mitshi India Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: ₹5.06m (down 57% from 2Q 2025). Net income: ₹13.0k (down 97% from 2Q 2025). Profit margin: 0.3% (down from 3.8% in 2Q 2025). Announcement • Nov 07
Mitshi India Limited to Report Q2, 2026 Results on Nov 13, 2025 Mitshi India Limited announced that they will report Q2, 2026 results on Nov 13, 2025 New Risk • Oct 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m (₹40m revenue, or US$450k). Market cap is less than US$10m (₹126.2m market cap, or US$1.43m). Minor Risk Large one-off items impacting financial results. Announcement • Sep 01
Mitshi India Limited, Annual General Meeting, Sep 25, 2025 Mitshi India Limited, Annual General Meeting, Sep 25, 2025. Reported Earnings • Aug 14
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₹4.05m (down 60% from 1Q 2025). Net income: ₹6.0k (up ₹381.0k from 1Q 2025). Profit margin: 0.1% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Aug 05
Mitshi India Limited to Report Q1, 2026 Results on Aug 12, 2025 Mitshi India Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jun 19
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 9.3% 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 (9.3% average weekly change). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (₹46m revenue, or US$529k). Market cap is less than US$10m (₹126.9m market cap, or US$1.47m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Jun 04
Full year 2025 earnings released: EPS: ₹0.04 (vs ₹0.14 in FY 2024) Full year 2025 results: EPS: ₹0.04 (down from ₹0.14 in FY 2024). Revenue: ₹45.8m (down 77% from FY 2024). Net income: ₹356.0k (down 71% from FY 2024). Profit margin: 0.8% (up from 0.6% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • May 23
Mitshi India Limited to Report Q4, 2025 Results on May 30, 2025 Mitshi India Limited announced that they will report Q4, 2025 results on May 30, 2025 New Risk • Feb 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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m (₹65m revenue, or US$751k). Market cap is less than US$10m (₹132.9m market cap, or US$1.53m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹0.05 (vs ₹0.47 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.05 (up from ₹0.47 loss in 3Q 2024). Revenue: ₹13.5m (down 58% from 3Q 2024). Net income: ₹421.0k (up ₹4.56m from 3Q 2024). Profit margin: 3.1% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Announcement • Feb 03
Mitshi India Limited to Report Q3, 2025 Results on Feb 10, 2025 Mitshi India Limited announced that they will report Q3, 2025 results on Feb 10, 2025 New Risk • Jan 11
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹86m (US$999k) This is considered a major risk. Companies with a small amount of revenue 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 Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (₹86m revenue, or US$999k). Market cap is less than US$10m (₹138.6m market cap, or US$1.61m). Reported Earnings • Nov 17
Second quarter 2025 earnings released: EPS: ₹0.05 (vs ₹0.69 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.05 (down from ₹0.69 in 2Q 2024). Revenue: ₹11.8m (down 86% from 2Q 2024). Net income: ₹456.0k (down 93% from 2Q 2024). Profit margin: 3.8% (down from 7.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Nov 07
Mitshi India Limited to Report Q2, 2025 Results on Nov 14, 2024 Mitshi India Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Aug 26
Mitshi India Limited, Annual General Meeting, Sep 16, 2024 Mitshi India Limited, Annual General Meeting, Sep 16, 2024, at 13:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2025 earnings released: ₹0.04 loss per share (vs ₹0.39 profit in 1Q 2024) First quarter 2025 results: ₹0.04 loss per share (down from ₹0.39 profit in 1Q 2024). Revenue: ₹10.1m (down 82% from 1Q 2024). Net loss: ₹375.0k (down 111% from profit in 1Q 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 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Mitshi India Limited to Report Q1, 2025 Results on Aug 12, 2024 Mitshi India Limited announced that they will report Q1, 2025 results on Aug 12, 2024 New Risk • Jul 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 6.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (₹177.1m market cap, or US$2.12m). Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Revenue is less than US$5m (₹202m revenue, or US$2.4m). New Risk • May 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (₹180.1m market cap, or US$2.16m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. Revenue is less than US$5m (₹203m revenue, or US$2.4m). Announcement • May 23
Mitshi India Limited to Report Q4, 2024 Results on May 29, 2024 Mitshi India Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹25.80, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 35x in the Consumer Retailing industry in India. Total returns to shareholders of 115% over the past three years. Announcement • Feb 06
Mitshi India Limited to Report Q3, 2024 Results on Feb 14, 2024 Mitshi India Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹26.55, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 32x in the Consumer Retailing industry in India. Total returns to shareholders of 43% over the past three years. Announcement • Dec 21
Mitshi India Limited Announces Resignation of Rinku Niket Patel as Chief Financial Officer Mitshi India Limited at its board meeting held on December 20, 2023, has considered and taken note of the resignation of Rinku Niket Patel from the post of Chief Financial Officer of the company. Date of Resignation is December 20, 2023. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹0.69 (vs ₹0.03 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.69 (up from ₹0.03 loss in 2Q 2023). Revenue: ₹82.8m (up ₹75.7m from 2Q 2023). Net income: ₹6.04m (up ₹6.31m from 2Q 2023). Profit margin: 7.3% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Nov 05
Mitshi India Limited to Report Q2, 2024 Results on Nov 11, 2023 Mitshi India Limited announced that they will report Q2, 2024 results on Nov 11, 2023 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹24.84, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 47x in the Consumer Retailing industry in India. Total returns to shareholders of 7.8% over the past three years. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₹22.65, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 43x in the Consumer Retailing industry in India. Total loss to shareholders of 22% over the past three years. Reported Earnings • Aug 07
Full year 2023 earnings released: EPS: ₹0.57 (vs ₹0.008 in FY 2022) Full year 2023 results: EPS: ₹0.57 (up from ₹0.008 in FY 2022). Revenue: ₹77.2m (up 12% from FY 2022). Net income: ₹5.04m (up ₹4.97m from FY 2022). Profit margin: 6.5% (up from 0.1% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Announcement • Aug 05
Mitshi India Limited to Report Q1, 2024 Results on Aug 14, 2023 Mitshi India Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Announcement • Aug 03
Mitshi India Limited, Annual General Meeting, Aug 23, 2023 Mitshi India Limited, Annual General Meeting, Aug 23, 2023, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Balance Sheet as at 31st March 2023,the Profit and Loss Account for the year ended on 31st March 2023, on that date and the Reports of the Directors and Auditors thereon; and to appoint a Director in place of Mr. Kumar V. Shah, who retires by rotation, and being eligible offers himself for reappointment. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: ₹0.57 (vs ₹0.008 in FY 2022) Full year 2023 results: EPS: ₹0.57. Revenue: ₹77.2m (up 12% from FY 2022). Net loss: ₹9.01m (down ₹9.08m from profit in FY 2022). Reported Earnings • Feb 12
Third quarter 2023 earnings released: ₹0.32 loss per share (vs ₹0.005 profit in 3Q 2022) Third quarter 2023 results: ₹0.32 loss per share (down from ₹0.005 profit in 3Q 2022). Revenue: ₹30.4m (up 211% from 3Q 2022). Net loss: ₹2.85m (down ₹2.90m from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 20
Second quarter 2023 earnings released: ₹0.03 loss per share (vs ₹0.001 profit in 2Q 2022) Second quarter 2023 results: ₹0.03 loss per share (down from ₹0.001 profit in 2Q 2022). Revenue: ₹7.07m (up 7.2% from 2Q 2022). Net loss: ₹267.0k (down ₹274.0k from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Women Director Drashti Savla was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Sep 03
Mitshi India Limited, Annual General Meeting, Sep 26, 2022 Mitshi India Limited, Annual General Meeting, Sep 26, 2022, at 11:00 Indian Standard Time. Agenda: To consider and adopt the Audited Balance Sheet as at 31st March 2022,the Profit and Loss Account for the year ended on 31st March 2022, on that date and the Reports of the Directors and Auditors thereon; to appoint a Director in place of Mr. Kumar V. Shah, who retires by rotation, and being eligible offers himself for reappointment; to approve change in Main Object of the Company; to To reappoint Mr. Kuamr V. Shah as Managing Director of the Company; and to consider other matter. Reported Earnings • Aug 15
First quarter 2023 earnings released: ₹0.01 loss per share (vs ₹0.27 profit in 1Q 2022) First quarter 2023 results: ₹0.01 loss per share (down from ₹0.27 profit in 1Q 2022). Revenue: ₹5.53m (down 74% from 1Q 2022). Net loss: ₹91.0k (down 104% from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Aug 03
Mitshi India Limited to Report Q4, 2022 Results on Aug 10, 2022 Mitshi India Limited announced that they will report Q4, 2022 results on Aug 10, 2022 Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: ₹0.01 (vs ₹0.26 in FY 2021) Full year 2022 results: EPS: ₹0.01 (down from ₹0.26 in FY 2021). Revenue: ₹69.2m (up 3.0% from FY 2021). Net income: ₹70.0k (down 97% from FY 2021). Profit margin: 0.1% (down from 3.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Women Director Drashti Savla was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 09
Mitshi India Limited Announces Resignation of Deepa Kumar Shah as Director of the Company Mitshi India Limited announced the resignation of Mrs. Deepa Kumar Shah as a Director of the Company with effect from March 30, 2022. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.01 (down from ₹0.91 in 3Q 2021). Revenue: ₹9.76m (down 70% from 3Q 2021). Net income: ₹48.0k (down 99% from 3Q 2021). Profit margin: 0.5% (down from 24% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Feb 03
Mitshi India Limited to Report Q3, 2022 Results on Feb 15, 2022 Mitshi India Limited announced that they will report Q3, 2022 results on Feb 15, 2022 Board Change • Jan 02
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. 3 experienced directors. 1 highly experienced director. Non Executive Non Independent Women Director Deepa Shah was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 03
Full year 2021 earnings released: EPS ₹0.26 (vs ₹0.68 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹67.2m (down 31% from FY 2020). Net income: ₹2.25m (down 62% from FY 2020). Profit margin: 3.4% (down from 6.1% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 21% share price gain to ₹19.10, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 22x in the Online Retail industry in India. Total loss to shareholders of 5.9% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 33% share price gain to ₹17.07, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 19x in the Online Retail industry in India. Total loss to shareholders of 9.8% over the past three years. Is New 90 Day High Low • Feb 15
New 90-day low: ₹17.00 The company is down 26% from its price of ₹22.85 on 17 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 4.0% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS ₹0.91 (vs ₹0.51 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹32.8m (up 6.9% from 3Q 2020). Net income: ₹7.99m (up 78% from 3Q 2020). Profit margin: 24% (up from 15% in 3Q 2020). The increase in margin was primarily driven by higher revenue. 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 18% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 28
New 90-day low: ₹17.80 The company is down 22% from its price of ₹22.95 on 30 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 21% over the same period. Announcement • Jan 20
Mitshi India Limited to Report Q3, 2021 Results on Jan 29, 2021 Mitshi India Limited announced that they will report Q3, 2021 results on Jan 29, 2021 Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorated over the past week After last week's 34% share price decline to ₹18.05, the stock is trading at a trailing P/E ratio of 77x, down from the previous P/E ratio of 115.8x. This compares to an average P/E of 34x in the Online Retail industry in India. Total returns to shareholders over the past three years are 83%. Is New 90 Day High Low • Dec 15
New 90-day high: ₹27.55 The company is up 2.0% from its price of ₹27.10 on 15 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 13
New 90-day low: ₹21.40 The company is down 24% from its price of ₹28.00 on 14 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 18% over the same period. Reported Earnings • Nov 09
Second quarter 2021 earnings released: EPS ₹0.49 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹20.1m (down 5.5% from 2Q 2020). Net income: ₹4.21m (up 21% from 2Q 2020). Profit margin: 21% (up from 16% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 26% per year. Reported Earnings • Sep 18
First quarter earnings released Over the last 12 months the company has reported total profits of ₹1.33m, down 89% from the prior year. Total revenue was ₹80.8m over the last 12 months, up 14% from the prior year. Announcement • Jul 17
Mitshi India Limited to Report Q4, 2020 Results on Jul 31, 2020 Mitshi India Limited announced that they will report Q4, 2020 results on Jul 31, 2020 
