Reported Earnings • Jun 01
Full year 2026 earnings released Full year 2026 results: Revenue: ₹11.3m (down 96% from FY 2025). Net income: ₹107.0k (down 99% from FY 2025). Profit margin: 0.9% (down from 6.6% 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 6% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Board Change • May 22
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director Vikas Pawar was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 13
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹22m (US$234k) 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 Shares are highly illiquid. Revenue is less than US$1m (₹22m revenue, or US$234k). Market cap is less than US$10m (₹78.6m market cap, or US$850.8k). Reported Earnings • Sep 20
Full year 2025 earnings released Full year 2025 results: Revenue: ₹262.5m (up 24% from FY 2024). Net income: ₹17.4m (up 7.7% from FY 2024). Profit margin: 6.6% (down from 7.6% in FY 2024). The decrease in margin was driven by higher expenses. New Risk • Sep 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 (8.3% average weekly change). Market cap is less than US$10m (₹180.9m market cap, or US$2.05m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Revenue is less than US$5m (₹334m revenue, or US$3.8m). Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹3.79, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 38x in the Consumer Retailing industry in India. Total loss to shareholders of 53% over the past three years. Announcement • Aug 09
Vasudhagama Enterprises Limited to Report Q1, 2026 Results on Aug 14, 2025 Vasudhagama Enterprises Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Jul 21
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 7.0% 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 Market cap is less than US$10m (₹197.6m market cap, or US$2.29m). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Revenue is less than US$5m (₹334m revenue, or US$3.9m). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₹4.82, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 47x in the Consumer Retailing industry in India. Total loss to shareholders of 44% over the past three years. Reported Earnings • Feb 22
Third quarter 2025 earnings released Third quarter 2025 results: EPS: ₹0.005. Revenue: ₹7.11m (down 90% from 3Q 2024). Net income: ₹191.0k (down 97% from 3Q 2024). Profit margin: 2.7% (down from 8.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹10.05, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 41x in the Consumer Retailing industry in India. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹11.58, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 39x in the Consumer Retailing industry in India. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹10.54, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 37x in the Consumer Retailing industry in India. Total returns to shareholders of 40% over the past three years. Announcement • Oct 03
Vasudhagama Enterprises Limited Approves Regularization of Additional Executive Director Mr. Jay Atul Parekh as Executive Director Vasudhagama Enterprises Limited at its AGM held on September 30, 2024 approved regularization of Additional Executive Director, Mr. Jay Atul Parekh as Executive Director of the company. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹17.67, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 35x in the Consumer Retailing industry in India. Total returns to shareholders of 127% over the past three years. Announcement • Sep 13
Vasudhagama Enterprises Limited, Annual General Meeting, Sep 30, 2024 Vasudhagama Enterprises Limited, Annual General Meeting, Sep 30, 2024, at 09:00 Indian Standard Time. Location: g-04, newyork corner blgd, behind kiran motors, sg highway, bodakdev, ahmedabad - 380054, ahmedabad India New Risk • Sep 12
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 8.0% 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 Shareholders have been substantially diluted in the past year (159% increase in shares outstanding). Market cap is less than US$10m (₹794.8m market cap, or US$9.47m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Revenue is less than US$5m (₹297m revenue, or US$3.5m). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹17.25, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 38x in the Consumer Retailing industry in India. Total returns to shareholders of 119% over the past three years. Announcement • Aug 27
Vasudhagama Enterprises Limited Appoints Riti Jain as Company Secretary and Compliance Officer Vasudhagama Enterprises Limited announced that the Board of Directors of the Company at its Meeting held on August 27, 2024, has inter alia, considered and approved the appointment of Ms. Riti Jain as Company Secretary cum Compliance Officer, effective from August 27, 2024. Ms. Riti Jain Is an Associate Member of the Institute of Company Secretaries of India (M. No. A48391). She Is Having Experience in the Field of Secretarial and Listed Compliance. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹17.69, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 36x in the Consumer Retailing industry in India. Total returns to shareholders of 116% over the past three years. Announcement • Aug 05
Vasudhagama Enterprises Limited to Report Q1, 2025 Results on Aug 12, 2024 Vasudhagama Enterprises Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹19.90, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 47x in the Consumer Retailing industry in India. Total returns to shareholders of 63% over the past three years. New Risk • Jul 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 159% 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 (159% increase in shares outstanding). Minor Risks Revenue is less than US$5m (₹211m revenue, or US$2.5m). Market cap is less than US$100m (₹1.05b market cap, or US$12.6m). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹25.27, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 42x in the Consumer Retailing industry in India. Total returns to shareholders of 77% over the past three years. Announcement • May 23
Vasudhagama Enterprises Limited to Report Q4, 2024 Results on May 29, 2024 Vasudhagama Enterprises Limited announced that they will report Q4, 2024 results on May 29, 2024 Announcement • Apr 23
Vasudhagama Enterprises Limited Announces the Resignation of Nimesh Umesh Oza as Chief Financial Officer Vasudhagama Enterprises Limited announced that Mr. Nimesh Umesh Oza, Chief Financial Officer (CFO) of the Company has submitted his resignation letter to the Company due to other career opportunity, with effect from March 22, 2024. The same will be consider and discuss in upcoming Board Meeting. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹20.77, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 31x in the Consumer Retailing industry in India. Total loss to shareholders of 71% over the past three years. Announcement • Feb 06
Vasudhagama Enterprises Limited to Report Q3, 2024 Results on Feb 14, 2024 Vasudhagama Enterprises Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Announcement • Dec 30
Vasudhagama Enterprises Limited Announces Resignation of Pavitra Jhanjhari as Company Secretary and Compliance Officer Vasudhagama Enterprises Limited announced that Ms. Pavitra Jhanjhari has resigned from the post of Company Secretary and Compliance Officer of the Company with effect from the closure of the business hours of December 29, 2023. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹18.21, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 35x in the Consumer Retailing industry in India. Total loss to shareholders of 78% over the past three years. Announcement • Nov 05
Vasudhagama Enterprises Limited to Report Q2, 2024 Results on Nov 10, 2023 Vasudhagama Enterprises Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Announcement • Aug 29
Vasudhagama Enterprises Limited (BSE:539291) completed the acquisition of Digigames Private Limited. Vasudhagama Enterprises Limited (BSE:539291) agreed to acquire Digigames Private Limited for approximately INR 350 million on May 5, 2023. consideration will be that in the mode of swapping of equity shares of our company in the form of share swap. Vasudhagama Enterprises Limited will acquire 1.33 million shares of Digigames Private for a total purchase consideration of INR 351.533 million at a price of INR 265 per equity share by issuance and allotment of up to 13.27 million fully paid-up equity shares of Vasudhagama. The Board approved on August 3, 2023 the alteration in the Resolution No. 7 & its Explanatory Statement of notice of AGM with respect to the adoption of addendum valuation report of Digigames Private Limited ("DPL") issued on July 26, 2023 by Independent Registered Valuer CA AMIT MALOO. Board of director's of Vasudhagama Enterprises Limited approved the transaction. Vasudhagama Enterprises Limited (BSE:539291) completed the acquisition of Digigames Private Limited on August 28, 2023. Announcement • Aug 08
Vasudhagama Enterprises Limited to Report Q1, 2024 Results on Aug 14, 2023 Vasudhagama Enterprises Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Board Change • Aug 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Director Sejal Shah is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Jul 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 359% 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (359% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (₹136.2m market cap, or US$1.66m). Announcement • Jul 14
Vasudhagama Enterprises Limited, Annual General Meeting, Aug 04, 2023 Vasudhagama Enterprises Limited, Annual General Meeting, Aug 04, 2023, at 09:30 Indian Standard Time. Location: President Hotel,CG road Ahmedabad Gujarat India Agenda: To consider and adopt Audited Financial Statements for the year ended on 31st March, 2023 together with the report of Board of Directors' and Auditors' Report thereon;To appoint a Director in place of Mrs. Sejal Sanjiv Shah Director, who is retiring by rotation to enable compliance by the Company with the provisions of Section 152 of the Companies Act, 2013 and being eligible, offers herself for re-appointment and to consider other matters. New Risk • Jul 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 359% 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 Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (359% increase in shares outstanding). Revenue is less than US$1m (₹2.0k revenue, or US$24.0). Market cap is less than US$10m (₹148.6m market cap, or US$1.81m). Announcement • Jul 07
Vasudhagama Enterprises Limited Announces Executive Changes Vasudhagama Enterprises Limited Approved the appointment of Mr. VIKAS BABU PAWAR (DIN: 09572053) as an additional Non-Executive Independent Director of the Company and recommend to members for regularization in the upcoming Annual General Meeting of the Company. Accepted the resignation of Mr. Nagesh Shrirang Suradkar from the post of additional Non Executive Independent Director of the Company. Announcement • Jun 28
Vasudhagama Enterprises Limited Announces Resignation Nagesh Shrirang Suradkar as Non - Executive Independent Director Vasudhagama Enterprises Limited announced that at its meeting of Board of Directors of the Company to be held on July 5, 2023, announces to accept the resignation of Mr. Nagesh Shrirang Suradkar from the post of additional Non - Executive Independent Director of the Company. Reported Earnings • May 08
Full year 2023 earnings released: ₹0.20 loss per share (vs ₹0.086 profit in FY 2022) Full year 2023 results: ₹0.20 loss per share (down from ₹0.086 profit in FY 2022). Net loss: ₹734.0k (down 332% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance. Announcement • Feb 06
Ozone World Limited to Report Q3, 2023 Results on Feb 13, 2023 Ozone World Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Dec 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Chairman Jayeshkumar Patel is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 16
Ozone World Limited Appoints Nagesh Shrirang Suradkar as Additional Non-Executive Independent Director, Effective November 15, 2022 Ozone World Limited appointed Nagesh Shrirang Suradkar aged 38 years as Additional Non-Executive Independent Director of the Company with Expertise in Marketing and Sales, effective November 15, 2022. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman Jayeshkumar Patel is the most experienced director on the board, commencing their role in 2008. Non-Executive Non Independent Director Aniket Mahale was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Nov 08
Ozone World Limited to Report Q2, 2023 Results on Nov 14, 2022 Ozone World Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Announcement • Oct 29
Ozone World Limited Approves Chief Financial Office Changes Ozone World Limited at its meeting of the Board of Directors held on October 28, 2022 approved resignation of Mr. Nilesh Rashmikant Joshi from the post of Chief Financial Officer (CFO) and the appointment of Mr. Mohammed Suhail Abdullah Khan as Chief Financial Officer (CFO) of the company. Announcement • Oct 20
Ozone World Limited Announces Resignation of Nilesh Rashmikant Joshi as Chief Financial Officer Ozone World Limited announced that Mr. Nilesh Rashmikant Joshi, Chief Financial Officer (CFO) of the Company has submitted his resignation letter to the Company due to other career opportunity, with effect from October 18, 2022. The same will be considered and discuss in upcoming Board Meeting. Announcement • Aug 17
Ozone World Limited Appoints Hiten Manilal Shah as Managing Director Ozone World Limited announced that at the AGM held on August 12, 2022 approved the appointment of Mr. Hiten Manilal Shah as Managing Director of the company. Reported Earnings • Jul 23
Full year 2022 earnings released: EPS: ₹0.086 (vs ₹1.23 in FY 2021) Full year 2022 results: EPS: ₹0.086 (down from ₹1.23 in FY 2021). Revenue: ₹3.39m (down 58% from FY 2021). Net income: ₹317.0k (down 93% from FY 2021). Profit margin: 9.3% (down from 56% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Board Change • Jul 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman Jayeshkumar Patel is the most experienced director on the board, commencing their role in 2008. Non-Executive Non Independent Director Aniket Mahale was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Jul 12
Ozone World Limited to Report Q1, 2023 Results on Jul 18, 2022 Ozone World Limited announced that they will report Q1, 2023 results on Jul 18, 2022 Announcement • Jun 30
Ozone World Limited Announces Board Appointments The board of directors of Ozone World Limited at its meeting held on 29 June 2022, approved the following appointments: appointment of Mr. Aniket Kishor Mahale (DIN: 09571996) as an additional Non-Executive Independent Director; appointment Mr. Rajendra Waman Banote (DIN: 09643807) as an additional Non-Executive Independent Director. Announcement • May 31
Ozone World Limited Appoints Pavitra Jhanjhari as Company Secretary Ozone World Limited approved appointment of Ms. Pavitra Jhanjhari as company secretary cum compliance officer effective from 01 June 2022. Announcement • May 26
Ozone World Limited to Report Fiscal Year 2022 Results on Jun 30, 2022 Ozone World Limited announced that they will report fiscal year 2022 results on Jun 30, 2022 Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹8.86, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 23x in the Consumer Retailing industry in India. Total loss to shareholders of 75% over the past three years. 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. 1 experienced director. 3 highly experienced directors. Non-Executive Director Rinaben Patel was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 18% share price gain to ₹11.13, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 23x in the Consumer Retailing industry in India. Total loss to shareholders of 69% over the past three years. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.20 loss per share (down from ₹0.51 profit in 3Q 2021). Revenue: ₹0 (down 100% from 3Q 2021). Net loss: ₹725.0k (down 139% from profit in 3Q 2021). Profit margin: (down from 62% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹11.90, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 20x in the Consumer Retailing industry in India. Total loss to shareholders of 87% over the past year. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₹10.67, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 17x in the Consumer Retailing industry in India. Total loss to shareholders of 74% 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 33% share price gain to ₹11.77, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 24x in the Consumer Retailing industry in India. Total loss to shareholders of 71% over the past three years. Reported Earnings • Nov 02
Second quarter 2022 earnings released: EPS ₹0.20 (vs ₹0.20 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2022 results: Revenue: ₹1.54m (down 9.6% from 2Q 2021). Net income: ₹723.0k (down 2.8% from 2Q 2021). Profit margin: 47% (up from 44% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹10.30, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 22x in the Consumer Retailing industry in India. Total loss to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹12.30, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 20x in the Consumer Retailing industry in India. Total loss to shareholders of 80% over the past three years. Reported Earnings • Jun 29
Full year 2021 earnings released: EPS ₹1.23 (vs ₹0.85 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹8.08m (up 26% from FY 2020). Net income: ₹4.54m (up 45% from FY 2020). Profit margin: 56% (up from 49% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₹53.05, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 13x in the Consumer Retailing industry in India. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹71.30, the stock is trading at a trailing P/E ratio of 75.1x, down from the previous P/E ratio of 89.7x. This compares to an average P/E of 14x in the Consumer Retailing industry in India. Total returns to shareholders over the past three years are 128%. Is New 90 Day High Low • Mar 02
New 90-day low: ₹77.45 The company is down 5.0% from its price of ₹81.90 on 02 December 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 20% over the same period. Recent Insider Transactions • Feb 22
Insider recently bought ₹4.5m worth of stock On the 18th of February, Pranaykumar Patel bought around 51k shares on-market at roughly ₹88.73 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹39m more in shares than they bought in the last 12 months. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹0.51 (vs ₹0.30 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ₹3.02m (up 90% from 3Q 2020). Net income: ₹1.88m (up 71% from 3Q 2020). Profit margin: 62% (down from 69% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Ozone World Limited to Report Q3, 2021 Results on Feb 10, 2021 Ozone World Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Jan 29
New 90-day high: ₹95.65 The company is up 17% from its price of ₹82.00 on 30 October 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: ₹86.60 The company is up 5.0% from its price of ₹82.50 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 41% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: ₹79.95 The company is down 1.0% from its price of ₹80.40 on 22 September 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 25% over the same period. Recent Insider Transactions • Dec 19
Chairman & MD recently sold ₹4.3m worth of stock On the 16th of December, Jayeshkumar Patel sold around 54k shares on-market at roughly ₹80.36 per share. In the last 3 months, they made an even bigger sale worth ₹5.7m. Jayeshkumar has been a seller over the last 12 months, reducing personal holdings by ₹17m. Announcement • Dec 10
Ozone World Limited, Annual General Meeting, Dec 30, 2020 Ozone World Limited, Annual General Meeting, Dec 30, 2020, at 12:30 Indian Standard Time. Location: 501/1, Parshwa, Opp. Rajpath Club S. G. Highway, Bodakdev Ahmedabad India Agenda: To consider and adopt Audited Financial Statement for the year ended on 31 March, 2020 together with the report of Board of Directors' and Auditors' Report thereon; to appoint a Director in place of Mr. Jayeshkumar Patel, who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re appointment; to consider appointment of Auditors and fix their remuneration; and to consider reappointment of Directors. Recent Insider Transactions • Dec 04
Chairman & MD recently sold ₹3.2m worth of stock On the 1st of December, Jayeshkumar Patel sold around 40k shares on-market at roughly ₹80.50 per share. This was the largest sale by an insider in the last 3 months. This was Jayeshkumar's only on-market trade for the last 12 months. Reported Earnings • Nov 10
Second quarter 2021 earnings released: EPS ₹0.20 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: ₹1.71m (up 4.9% from 2Q 2020). Net income: ₹744.0k (down 12% from 2Q 2020). Profit margin: 44% (down from 52% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 03
New 90-day high: ₹82.95 The company is up 4.0% from its price of ₹79.90 on 05 August 2020. The Indian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 07
New 90-day high: ₹82.30 The company is up 3.0% from its price of ₹80.00 on 09 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 Consumer Retailing industry, which is down 10.0% over the same period. 
