Reported Earnings • May 30
Full year 2026 earnings released: ₹0.01 loss per share (vs ₹0.005 loss in FY 2025) Full year 2026 results: ₹0.01 loss per share (further deteriorated from ₹0.005 loss in FY 2025). Revenue: ₹32.7m (down 52% from FY 2025). Net loss: ₹87.0k (loss widened 85% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹9.46, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹8.36, the stock trades at a trailing P/E ratio of 70.6x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 78% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.16 (vs ₹0.09 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.16 (up from ₹0.09 in 3Q 2025). Revenue: ₹8.91m (down 27% from 3Q 2025). Net income: ₹1.47m (up 77% from 3Q 2025). Profit margin: 17% (up from 6.8% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Explicit Finance Limited to Report Q3, 2026 Results on Feb 13, 2026 Explicit Finance Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 13, 2026 New Risk • Nov 23
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: 0.8% Last year net profit margin: 1.3% 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 Revenue is less than US$1m (₹53m revenue, or US$593k). Market cap is less than US$10m (₹121.4m market cap, or US$1.36m). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹11.52, the stock trades at a trailing P/E ratio of 56.3x. Average trailing P/E is 26x in the Capital Markets industry in India. Total returns to shareholders of 309% over the past three years. Announcement • Oct 28
Explicit Finance Limited to Report Q2, 2026 Results on Nov 14, 2025 Explicit Finance Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Nov 14, 2025 Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹11.15, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 179% over the past three years. New Risk • Oct 08
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 8.3% 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 (8.3% average weekly change). Revenue is less than US$1m (₹63m revenue, or US$706k). Market cap is less than US$10m (₹114.4m market cap, or US$1.29m). Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹10.33, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 159% over the past three years. Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Narendrasinh Zala was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹7.88, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 187% over the past three years. Announcement • Aug 09
Explicit Finance Limited to Report Q1, 2026 Results on Aug 14, 2025 Explicit Finance Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Announcement • May 22
Explicit Finance Limited to Report Q4, 2025 Results on May 30, 2025 Explicit Finance Limited announced that they will report Q4, 2025 results on May 30, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹0.09 (vs ₹0.39 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.09 (down from ₹0.39 in 3Q 2024). Revenue: ₹12.3m (down 64% from 3Q 2024). Net income: ₹831.0k (down 77% from 3Q 2024). Profit margin: 6.8% (down from 11% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
Explicit Finance Limited to Report Q3, 2025 Results on Feb 14, 2025 Explicit Finance Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹8.63, the stock trades at a trailing P/E ratio of 64.7x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 130% over the past three years. Announcement • Oct 29
Explicit Finance Limited to Report Q2, 2025 Results on Nov 14, 2024 Explicit Finance Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Aug 23
Explicit Finance Limited Announces Regularization of Mr. Nirmal Singh Raju as an Independent Director Explicit Finance Limited at its Extra Ordinary General Meeting held on August 23, 2024, approved regularization of Mr. Nirmal Singh Raju as an Independent Director of the Company. Announcement • Aug 14
Explicit Finance Limited, Annual General Meeting, Sep 30, 2024 Explicit Finance Limited, Annual General Meeting, Sep 30, 2024, at 09:30 Indian Standard Time. Announcement • Aug 06
Explicit Finance Limited to Report Q1, 2025 Results on Aug 14, 2024 Explicit Finance Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Announcement • Jul 10
Explicit Finance Limited Announces Resignation of Jitendra Bhanushali as Independent Director Explicit Finance Limited announced resignation letter received from independent director of the company Mr. Jitendra Bhanushali. Announcement • May 25
Explicit Finance Limited to Report Q4, 2024 Results on May 30, 2024 Explicit Finance Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to ₹7.82, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 360% over the past three years. New Risk • Apr 17
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 8.6% 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 Market cap is less than US$10m (₹50.1m market cap, or US$599.3k). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Revenue is less than US$5m (₹101m revenue, or US$1.2m). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹5.62, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 235% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹7.71, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 336% over the past three years. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹0.39 (vs ₹0.14 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.39 (up from ₹0.14 loss in 3Q 2023). Revenue: ₹33.8m (down 61% from 3Q 2023). Net income: ₹3.59m (up ₹4.93m from 3Q 2023). Profit margin: 11% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. New Risk • Dec 04
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 7.2% 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 (₹48.8m market cap, or US$585.8k). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Revenue is less than US$5m (₹153m revenue, or US$1.8m). Announcement • Nov 01
Explicit Finance Limited to Report Q2, 2024 Results on Nov 09, 2023 Explicit Finance Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹4.00, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 133% over the past three years. Announcement • Aug 15
Explicit Finance Limited, Annual General Meeting, Sep 30, 2023 Explicit Finance Limited, Annual General Meeting, Sep 30, 2023, at 09:30 Indian Standard Time. Announcement • Jul 24
Explicit Finance Limited Announces Resignation of Jayesh Jain as Independent Director Explicit Finance Limited announced that Mr. Jayesh Jain has resigned as Independent Director due to preoccupancy w.e.f. July 24, 2023 of the Company. Announcement • Jul 18
Explicit Finance Limited Announces the Appointment of Siddhesh Patil as CFO Explicit Finance Limited announced that Mr. Siddhesh Patil is appointed as CFO of the Company with effect from July 15, 2023. The appointment so made will be ratified in the upcoming Board Meeting. He worked as Assistant Branch Manager of MUTHOOT FINANCE LTD. since March 2013. As a Branch Manager, he was responsible for overall growth of the branch business and increasing the profit of the organization. He was responsible for target achievement.He monitored branch operations. He maintained client relationship. He resolved client queries. He motivated and work along with branch team to achieve branch set targets. He had Two Year work Experience with Velerien Rodrigues & CA Company as a Assistant Auditor. To express an opinion on whether the management has fairly presented the information in the statement. Make proper inquiry. Investigating Home loan, Personal loan records of a bank systematically and critically. He holds Masters of Business Administration in Finance from Viva college in 2012; Bachelor of Commerce from Viva college in 2010; HSC from St. Joseph College in 2007 and SSC from St. Joseph High School in 2005. Announcement • Jul 15
Explicit Finance Limited Announces Chief Financial Officer Changes Explicit Finance Limited announced resignation of Taruna Dipak Ghanekar as CFO due to personal reasons with effect from July 14, 2023. Taruna Dipak Ghanekar is working as CFO in the company since May 30, 2022. Announcement • May 17
Explicit Finance Limited to Report Q4, 2023 Results on May 30, 2023 Explicit Finance Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 16
Third quarter 2023 earnings released: ₹0.14 loss per share (vs ₹0.34 profit in 3Q 2022) Third quarter 2023 results: ₹0.14 loss per share (down from ₹0.34 profit in 3Q 2022). Revenue: ₹86.5m (up 134% from 3Q 2022). Net loss: ₹1.34m (down 142% 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 124 percentage points per year, which is a significant difference in performance. Announcement • Nov 05
Explicit Finance Limited to Report Q2, 2023 Results on Nov 14, 2022 Explicit Finance Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Announcement • Sep 08
Explicit Finance Limited, Annual General Meeting, Sep 30, 2022 Explicit Finance Limited, Annual General Meeting, Sep 30, 2022, at 09:30 Indian Standard Time. Location: 305, Sohan Commercial Plaza Palghar Maharashtra India Agenda: To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2022 and the Statement of Profit and Loss of the Company for the financial year ended and the Reports of the Board of Directors and Auditors thereon; to appoint a Director in place of Mr. Pushpraj Mayekar; and such other business issues. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 21% share price gain to ₹4.08, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 18x in the Capital Markets industry in India. Total returns to shareholders of 90% over the past three years. Announcement • Jun 01
Explicit Finance Limited Appoints Taruna Boble as Chief Financial Officer Explicit Finance Limited at its board meeting held on May 30, 2022 ratified appointment of Ms. Taruna Boble as Chief Financial Officer of the company. Announcement • May 24
Explicit Finance Limited to Report Q4, 2022 Results on May 30, 2022 Explicit Finance Limited announced that they will report Q4, 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 19% share price gain to ₹3.37, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 16x in the Capital Markets industry in India. Total returns to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₹2.97, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 18x in the Capital Markets industry in India. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹3.25, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 17x in the Capital Markets industry in India. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 17% share price gain to ₹2.74, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 16x in the Capital Markets industry in India. Total returns to shareholders of 67% over the past year. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 27% share price gain to ₹4.41, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 15x in the Capital Markets industry in India. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 21% share price gain to ₹2.87, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 15x in the Capital Markets industry in India. Total returns to shareholders of 15% over the past three years. Is New 90 Day High Low • Mar 08
New 90-day high: ₹1.77 The company is up 3.0% from its price of ₹1.72 on 08 December 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 9.0% over the same period. Reported Earnings • Feb 15
Third quarter 2021 earnings released: ₹0.19 loss per share (vs ₹0.40 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₹23.2m (up 130% from 3Q 2020). Net loss: ₹1.79m (loss narrowed 52% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Feb 03
Explicit Finance Limited to Report Q3, 2021 Results on Feb 12, 2021 Explicit Finance Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 21
New 90-day low: ₹1.62 The company is down 6.0% from its price of ₹1.72 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 Capital Markets industry, which is up 18% over the same period. Reported Earnings • Sep 20
First quarter earnings released Over the last 12 months the company has reported total profits of ₹1.25m, down 37% from the prior year. Total revenue was ₹44.1m over the last 12 months, down 41% from the prior year.