Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹15.15, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 23x in the Consumer Services industry in India. Total loss to shareholders of 49% over the past three years. New Risk • Jun 24
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 10% 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 (10% average weekly change). Revenue is less than US$1m (₹79m revenue, or US$837k). Market cap is less than US$10m (₹116.5m market cap, or US$1.23m). Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹0.89 (vs ₹0.90 in FY 2025) Full year 2026 results: EPS: ₹0.89 (down from ₹0.90 in FY 2025). Revenue: ₹85.2m (up 36% from FY 2025). Net income: ₹5.48m (flat on FY 2025). Profit margin: 6.4% (down from 8.7% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 21
Humming Bird Education Limited to Report Fiscal Year 2026 Results on May 27, 2026 Humming Bird Education Limited announced that they will report fiscal year 2026 results on May 27, 2026 Valuation Update With 7 Day Price Move • May 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹13.47, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 22x in the Consumer Services industry in India. Total loss to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹16.20, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 21x in the Consumer Services industry in India. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹19.50, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 24x in the Consumer Services industry in India. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹17.73, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 26x in the Consumer Services industry in India. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹20.56, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 34x in the Consumer Services industry in India. Total loss to shareholders of 25% over the past three years. Announcement • Nov 11
Humming Bird Education Limited to Report Q2, 2026 Results on Nov 14, 2025 Humming Bird Education Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹24.70, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 34x in the Consumer Services industry in India. Total loss to shareholders of 76% over the past year. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹36.10, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 33x in the Consumer Services industry in India. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹53.26, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 38x in the Consumer Services industry in India. Total returns to shareholders of 342% over the past three years. Board Change • Sep 10
High number of new directors Additional Non-Executive Independent Director Abhinav Jain was the last director to join the board, commencing their role in 2025. Announcement • Sep 09
Humming Bird Education Limited, Annual General Meeting, Sep 30, 2025 Humming Bird Education Limited, Annual General Meeting, Sep 30, 2025, at 13:30 Indian Standard Time. Location: 703-704, a-09, gd-itl, northex tower netaji subhash, place, pitampura, delhi-110034., pitampura India Announcement • Sep 06
Humming Bird Education Limited Announces Board Changes, Effective September 06, 2025 Humming Bird Education Limited announced that at its board meeting held on September 06, 2025, upon recommendation of the Nomination and Remuneration Committee, the Board of Directors have approved appointment of Mr. Abhinav Jain as an Additional Director (Non- Executive and Independent Director). approved the reconstitution of the following committees of the board of directors with effect from 06th September 2025: audit committee: Arihant Jain, chairperson, Nitesh Jain, member and Abhinav Jain, member. nomination and remuneration committee: Abhinav Jain, Chairperson, Arihant Jain, member and Narender Kumar Jain, member. Board took note the resignation of Ms. Rubal Jain, who has resigned with effect from 06th September 2025. Mr. Abhinav has diverse experience into Consumer Management, Business Partnering, Organization Development. He has completed BBA from Bhartiya Vidyapeeth, Delhi. Appointed with effect from September 06, 2025, in the category of Non-Executive and Independent Director. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹68.81, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 41x in the Consumer Services industry in India. Total returns to shareholders of 471% over the past three years. Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹8.95 (vs ₹0.074 loss in FY 2024) Full year 2025 results: EPS: ₹8.95 (up from ₹0.074 loss in FY 2024). Revenue: ₹68.3m (up 24% from FY 2024). Net income: ₹5.49m (up ₹5.94m from FY 2024). Profit margin: 8.0% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 158% per year but the company’s share price has only increased by 109% per year, which means it is significantly lagging earnings growth. Announcement • May 23
Humming Bird Education Limited to Report Second Half, 2025 Results on May 29, 2025 Humming Bird Education Limited announced that they will report second half, 2025 results on May 29, 2025 Announcement • Nov 06
Humming Bird Education Limited to Report First Half, 2025 Results on Nov 14, 2024 Humming Bird Education Limited announced that they will report first half, 2025 results on Nov 14, 2024 Reported Earnings • Sep 06
Full year 2024 earnings released Full year 2024 results: Revenue: ₹57.4m (up 118% from FY 2023). Net loss: ₹451.9k (down 117% from profit in FY 2023). Announcement • Sep 03
Humming Bird Education Limited, Annual General Meeting, Sep 28, 2024 Humming Bird Education Limited, Annual General Meeting, Sep 28, 2024, at 13:30 Indian Standard Time. Location: 409, a-09, gd-itl tower netaji subhash, place, pitampura, delhi-110034., India New Risk • Jun 08
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 High level of non-cash earnings (178% accrual ratio). Revenue is less than US$1m (₹49m revenue, or US$582k). Market cap is less than US$10m (₹366.9m market cap, or US$4.39m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Paying a dividend despite having no free cash flows. Announcement • May 24
Humming Bird Education Limited to Report Q4, 2024 Results on May 30, 2024 Humming Bird Education Limited announced that they will report Q4, 2024 results on May 30, 2024 Announcement • Apr 12
Humming Bird Education Limited Announces Board and Committee Changes Humming Bird Education Limited informed that the Board of Directors of the Company, at its Meeting held on, April 12, 2024 Upon recommendation of the Nomination and Remuneration Committee, the Board of Directors have approved appointment of Mrs. Rubal Jain as an Additional Director (Non-Executive and Independent Director). Mrs. Rubal has diverse experience into Consumer Management, Business Partnering, Organization Development. She has completed B.Com from Kurukshetra University, Haryana. Reconstitution of committee; Audit committee; Arihant Jain as Chairperson, Non-Executive Independent Director, Nitesh Jain as Member Executive Director, Rubal Jain as Member Non-Executive Independent Director. Nomination and Remuneration committee; Rubal Jain as Chairperson Non-Executive Independent, Arihant Jain as Member Non-Executive Independent Director, Narender Kumar Jain as Member Non-Executive Director. Reported Earnings • Nov 24
First half 2024 earnings released: EPS: ₹6.95 (vs ₹6.40 in 1H 2023) First half 2024 results: EPS: ₹6.95 (up from ₹6.40 in 1H 2023). Revenue: ₹40.8m (up 121% from 1H 2023). Net income: ₹4.26m (up 8.7% from 1H 2023). Profit margin: 10% (down from 21% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. 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. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Vipul Khandelwal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 18
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. 2 highly experienced directors. Independent Non-Executive Director Vipul Khandelwal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 15
Upcoming dividend of ₹3.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 30 October 2023. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (1.3%). Board Change • Aug 24
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. 2 highly experienced directors. Independent Non-Executive Director Vipul Khandelwal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 05
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. 2 highly experienced directors. Independent Non-Executive Director Vipul Khandelwal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 27
Humming Bird Education Limited Approves Appointment of Shweta Dwivedi as Company Secretary and Compliance Officer Humming Bird Education Limited at its Board of Directors Meeting held on May 26, 2023 approved appointment of Ms. Shweta Dwivedi as Company Secretary and Compliance Officer of the Company with effect from 26th May, 2023. Ms. Shweta Dwivedi is Company Secretary with over 2 years of experience. He has also completed her MBA (Finance) from Uttar Pradesh Technical University. In her close to 2 years association with said organizations, she has managed varied responsibilities in multiple areas of corporate law compliances such SEBI LODR, Companies Act, FEMA RBI and allied laws. Board Change • May 18
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. 2 highly experienced directors. Independent Non-Executive Director Vipul Khandelwal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 17
Humming Bird Education Limited Announces Resignation of Madhav Kumar Mishra as Company Secretary & Compliance Officer Humming Bird Education Limited announced that Mr. Madhav Kumar Mishra, Company Secretary & Compliance Officer of the Company had tendered his resignation from the position of Company Secretary & Compliance Officer with effect from May 16, 2023 after the Closure of Business Hours. Board Change • Apr 21
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. 2 highly experienced directors. Independent Non-Executive Director Vipul Khandelwal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 20
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. 2 highly experienced directors. Independent Non-Executive Director Vipul Khandelwal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 07
Humming Bird Education Limited Appoints Mr. Madhav Kumar Mishra as Company Secretary and Compliance Officer Humming Bird Education Limited announced that Mr. Madhav Kumar Mishra has been appointed as Company Secretary and Compliance officer of the company with effect from 12th December, 2022. Announcement • Dec 04
Humming Bird Education Limited Announces Resignation of Paramjeet Singh as Company Secretary / Compliance Officer Humming Bird Education Limited informed that Mr. Paramjeet Singh, Company Secretary & Compliance Officer of the Company had tendered his resignation from the position of Company Secretary & Compliance Officer with effect from December 03, 2022 after the Closure of Business Hours. Announcement • Nov 23
Humming Bird Education Limited Announces Cessation of Savishesh Raj as Chairman and Non-Executive Non-Independent Director Humming Bird Education Limited announced that Mr. Savishesh Raj has stepped down from the position of Chairman and Non-Executive Non Independent Director of the Company with effect from November 22, 2022 due to personal reasons and other commitments. Reported Earnings • Nov 20
First half 2023 earnings released: EPS: ₹6.40 (vs ₹0.20 in 1H 2022) First half 2023 results: EPS: ₹6.40 (up from ₹0.20 in 1H 2022). Revenue: ₹18.5m (up 255% from 1H 2022). Net income: ₹3.92m (up ₹3.80m from 1H 2022). Profit margin: 21% (up from 2.4% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. 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. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Vipul Khandelwal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 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. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Vipul Khandelwal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 01
Humming Bird Education Limited, Annual General Meeting, Sep 29, 2022 Humming Bird Education Limited, Annual General Meeting, Sep 29, 2022, at 13:30 Indian Standard Time. Announcement • Jul 13
Humming Bird Education Limited Announces Board Resignations Humming Bird Education Limited announced that Mr. Amitabh Raja, Ms. Teena Jain and Ms. Sonam Mangla has stepped down from the position of Independent Directors of the company with effect from July 12, 2022 due to personal reasons and other commitments. They resigned due to personal reasons and other commitments. Reported Earnings • May 30
Full year 2022 earnings released: ₹6.24 loss per share (vs ₹15.54 loss in FY 2021) Full year 2022 results: ₹6.24 loss per share (up from ₹15.54 loss in FY 2021). Revenue: ₹7.08m (flat on FY 2021). Net loss: ₹3.82m (loss narrowed 60% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. 
