New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 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 Interest payments are not well covered by earnings (1.4x net interest cover). Negative equity (-₹92m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₹1.54b market cap, or US$16.2m). New Risk • Jun 27
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: 0.9% Last year net profit margin: 1.5% 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 Interest payments are not well covered by earnings (1.4x net interest cover). Negative equity (-₹92m). Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₹1.87b market cap, or US$19.8m). Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹631, the stock trades at a trailing P/E ratio of 67x. Average trailing P/E is 28x in the Hospitality industry in India. Announcement • May 08
Trade Wings Limited to Report Fiscal Year 2026 Results on May 27, 2026 Trade Wings Limited announced that they will report fiscal year 2026 results on May 27, 2026 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹553, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 27x in the Hospitality industry in India. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹4.05 (vs ₹9.37 in 3Q 2025) Third quarter 2026 results: EPS: ₹4.05 (down from ₹9.37 in 3Q 2025). Revenue: ₹693.7m (up 2.6% from 3Q 2025). Net income: ₹12.1m (down 57% from 3Q 2025). Profit margin: 1.8% (down from 4.2% in 3Q 2025). The decrease in margin was driven by higher expenses. Announcement • Jan 23
Trade Wings Limited to Report Q3, 2026 Results on Feb 12, 2026 Trade Wings Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹145, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 33x in the Hospitality industry in India. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ₹114, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 34x in the Hospitality industry in India. Announcement • Nov 08
Trade Wings Limited to Report Q2, 2026 Results on Nov 13, 2025 Trade Wings Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹56.44, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 35x in the Hospitality industry in India. Announcement • Nov 06
Trade Wings Limited to Report Q2, 2025 Results on Nov 12, 2024 Trade Wings Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Sep 25
Trade Wings Limited Appoints Jyoti Ghanshyam Gupta as Independent Director Trade Wings Limited announced that with the permission of the shareholders of the Company, Trade Wings Limited, Ms. Jyoti Ghanshyam Gupta has been appointed as an Independent Director of the Company in the 74th Annual General Meeting of the Company held on 25 September, 2024. Announcement • Aug 29
Trade Wings Limited, Annual General Meeting, Sep 25, 2024 Trade Wings Limited, Annual General Meeting, Sep 25, 2024, at 10:30 Indian Standard Time. Location: 1st floor, naik building, opp, don bosco high school, mahatma gandhi rd, panaji - 403001, goa, panaji India Announcement • Aug 05
Trade Wings Limited to Report Q1, 2025 Results on Aug 12, 2024 Trade Wings Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Announcement • May 22
Trade Wings Limited to Report Q4, 2024 Results on May 28, 2024 Trade Wings Limited announced that they will report Q4, 2024 results on May 28, 2024 Announcement • Feb 06
Trade Wings Limited to Report Q3, 2024 Results on Feb 12, 2024 Trade Wings Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Announcement • Nov 05
Trade Wings Limited to Report Q2, 2024 Results on Nov 10, 2023 Trade Wings Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Announcement • Aug 25
Trade Wings Limited, Annual General Meeting, Sep 18, 2023 Trade Wings Limited, Annual General Meeting, Sep 18, 2023, at 10:30 Indian Standard Time. Location: pt Floor, Naik Building, Opp. Don Bosco High School, Mahatma Gandhi Road Panaji, North Goa - 403001 Goa India Agenda: To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31 , 2023 together with the reports of the Board of Directors and Auditors thereon; to consider and appoint Dr Shailendra P. Mittal who retires by rotation and being eligible, offers himself for re-appointment; to consider and re-appoint Ms. Jacinta Bazil Nayagam, as an independent director of the company, whose tenure as Independent Director expires on 13th November 2023; to consider the continuation of directorship of Dr. Shailendra P. Mittal as Chairman and Managing Director who will attain the age of Seventy years; and to discuss other related business matters. Announcement • Aug 05
Trade Wings Limited to Report Q1, 2024 Results on Aug 10, 2023 Trade Wings Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 23
Trade Wings Limited to Report Q4, 2023 Results on May 29, 2023 Trade Wings Limited announced that they will report Q4, 2023 results on May 29, 2023 Announcement • Feb 01
Trade Wings Limited to Report Q3, 2023 Results on Feb 08, 2023 Trade Wings Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Announcement • Nov 29
Trade Wings Limited, Annual General Meeting, Dec 28, 2022 Trade Wings Limited, Annual General Meeting, Dec 28, 2022, at 10:30 Indian Standard Time. Location: 1st Floor, Naik Building, Opp. Don Bosco High School Mahatma Gandhi Road Panaji Goa India Agenda: To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2022 together with the reports of the Board of Directors and Auditors thereon; to receive, consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2022 along with the report of Auditors thereon; and to appoint a Director in place of Mr. Hemant Panchal, who retires by rotation and being eligible, offers himself for re-appointment. Announcement • Nov 19
Trade Wings Limited to Report Q2, 2023 Results on Nov 29, 2022 Trade Wings Limited announced that they will report Q2, 2023 results on Nov 29, 2022 Announcement • Oct 15
Trade Wings Limited to Report Q4, 2022 Results on Oct 28, 2022 Trade Wings Limited announced that they will report Q4, 2022 results on Oct 28, 2022 Announcement • Jul 13
Trade Wings Limited to Report Q3, 2022 Results on Jul 21, 2022 Trade Wings Limited announced that they will report Q3, 2022 results at 11:00 AM, Indian Standard Time on Jul 21, 2022 Announcement • Jun 29
Trade Wings Limited to Report Q2, 2022 Results on Jul 04, 2022 Trade Wings Limited announced that they will report Q2, 2022 results on Jul 04, 2022 Announcement • Jun 22
Trade Wings Limited, Annual General Meeting, Jul 18, 2022 Trade Wings Limited, Annual General Meeting, Jul 18, 2022, at 10:30 Indian Standard Time. Location: at the registered office of the Company at 1st Floor, Naik Building, Opp. Don Bosco High School, Mahatma Gandhi Road, Panaji Goa India Agenda: To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2021 together with the reports of the Board of Directors and Auditors thereon; to receive, consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2021 together with the reports of the Board of Directors and Auditors thereon; and to consider other matters. 
