Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹45.85, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 18x in the Food industry in India. Total loss to shareholders of 35% over the past three years. Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹4.27 (vs ₹4.19 in FY 2025) Full year 2026 results: EPS: ₹4.27 (up from ₹4.19 in FY 2025). Revenue: ₹576.2m (up 86% from FY 2025). Net income: ₹24.6m (up 15% from FY 2025). Profit margin: 4.3% (down from 6.9% 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 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 22
Prospect Consumer Products Limited to Report Second Half, 2026 Results on May 27, 2026 Prospect Consumer Products Limited announced that they will report second half, 2026 results on May 27, 2026 New Risk • May 05
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹476m (US$5.0m) This is considered a minor 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 Risk Market cap is less than US$10m (₹353.4m market cap, or US$3.71m). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (₹476m revenue, or US$5.0m). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹43.20, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 19x in the Food industry in India. Total loss to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹43.01, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 17x in the Food industry in India. Total loss to shareholders of 28% over the past three years. New Risk • Feb 23
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). Market cap is less than US$10m (₹392.2m market cap, or US$4.31m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Jan 20
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 8.4% 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 (8.4% average weekly change). Market cap is less than US$10m (₹411.1m market cap, or US$4.52m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Dec 09
Prospect Consumer Products Limited announced that it has received INR 17.5 million in funding On December 8, 2025, Prospect Consumer Products Limited closed the transaction. The company issued 700,000 warrants at a price of INR 25 for gross proceeds of INR 17,500,000. The transaction includes participation from Vimal Sureshbhai Mishra for 250,000 warrants, Priyanka Vimal Mishra for 200,000 warrants, Prakash Mishra for 250,000 warrants. The Warrants will be convertible in equal number of equity shares of face value of INR 10 each, on receipt of balance issue price of the respective allottees within a period of 18 months from the date allotment of Warrants i.e. on or before June 7, 2027 failing which the amount paid on such Warrants along with the non-converted Warrants stands forfeited. The transaction is approved by board of directors of the company. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹62.24, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 20x in the Food industry in India. Total loss to shareholders of 39% over the past year. Reported Earnings • Nov 18
First half 2026 earnings released: EPS: ₹3.81 (vs ₹2.25 in 1H 2025) First half 2026 results: EPS: ₹3.81 (up from ₹2.25 in 1H 2025). Revenue: ₹296.9m (up 125% from 1H 2025). Net income: ₹20.6m (up 87% from 1H 2025). Profit margin: 6.9% (down from 8.4% in 1H 2025). The decrease in margin was driven by higher expenses. Announcement • Nov 08
Prospect Consumer Products Limited to Report Q2, 2026 Results on Nov 12, 2025 Prospect Consumer Products Limited announced that they will report Q2, 2026 results on Nov 12, 2025 New Risk • Oct 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor 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 (11% average weekly change). High level of non-cash earnings (43% accrual ratio). Market cap is less than US$10m (₹568.1m market cap, or US$6.46m). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (₹311m revenue, or US$3.5m). Reported Earnings • Sep 05
Full year 2025 earnings released: EPS: ₹4.19 (vs ₹4.22 in FY 2024) Full year 2025 results: EPS: ₹4.19. Revenue: ₹310.6m (up 28% from FY 2024). Net income: ₹21.4m (up 24% from FY 2024). Profit margin: 6.9% (down from 7.1% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Aug 29
Prospect Consumer Products Limited announced that it expects to receive INR 952.2 million in funding Prospect Consumer Products Limited announces a private placement to issue 9,200,000 Fully Convertible Equity Warrants at issue price of INR 103.50 per Convertible Equity Warrant for gross proceeds of INR 952,200,000 on August 28, 2025. It has announced that it is about to receive approval of the Members of the Company. Announcement • Aug 28
Prospect Consumer Products Limited, Annual General Meeting, Sep 26, 2025 Prospect Consumer Products Limited, Annual General Meeting, Sep 26, 2025, at 13:00 Indian Standard Time. Location: 417, sun orbit, b/h, rajpath club road, bodakdev, ahmedabad-, 380054, gujarat, gujarat India Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹58.00, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 22x in the Food industry in India. Total loss to shareholders of 65% over the past year. Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹4.19 (vs ₹4.22 in FY 2024) Full year 2025 results: EPS: ₹4.19. Revenue: ₹309.9m (up 28% from FY 2024). Net income: ₹21.4m (up 24% from FY 2024). Profit margin: 6.9% (down from 7.1% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹73.07, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 20x in the Food industry in India. Total loss to shareholders of 40% over the past year. Announcement • May 17
Prospect Consumer Products Limited to Report Second Half, 2025 Results on May 23, 2025 Prospect Consumer Products Limited announced that they will report second half, 2025 results on May 23, 2025 New Risk • May 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 (12% average weekly change). High level of non-cash earnings (76% accrual ratio). Market cap is less than US$10m (₹356.8m market cap, or US$4.16m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (₹253m revenue, or US$3.0m). Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹80.00, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 20x in the Food industry in India. Total loss to shareholders of 15% over the past year. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% 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). High level of non-cash earnings (76% accrual ratio). Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Market cap is less than US$10m (₹574.4m market cap, or US$6.64m). Minor Risk Revenue is less than US$5m (₹253m revenue, or US$2.9m). New Risk • Jan 02
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). High level of non-cash earnings (76% accrual ratio). Market cap is less than US$10m (₹571.8m market cap, or US$6.67m). Minor Risks Shareholders have been diluted in the past year (30% increase in shares outstanding). Revenue is less than US$5m (₹253m revenue, or US$2.9m). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹119, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 25x in the Food industry in India. Total returns to shareholders of 85% over the past year. Reported Earnings • Nov 01
First half 2025 earnings released: EPS: ₹2.25 (vs ₹1.70 in 1H 2024) First half 2025 results: EPS: ₹2.25 (up from ₹1.70 in 1H 2024). Revenue: ₹131.7m (up 8.3% from 1H 2024). Net income: ₹11.0m (up 58% from 1H 2024). Profit margin: 8.4% (up from 5.7% in 1H 2024). The increase in margin was driven by higher revenue. Announcement • Oct 22
Prospect Consumer Products Limited to Report Q2, 2025 Results on Oct 28, 2024 Prospect Consumer Products Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Board Change • Oct 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. Chairman, MD & CFO Vimal Mishra 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. Announcement • Aug 29
Prospect Commodities Limited announced that it has received INR 42.032 million in funding On August 29, 2024, Prospect Commodities Limited closed the transaction. The company issued 1,175,000 pre-paid convertible warrants at an issue price of INR 16 per warrant for the gross proceeds of INR 18,800,000 and 363,000 shares at an issue price of INR 64 per share for the gross proceeds of INR 23,232,000 for the aggregate gross proceeds of INR 42,032,000. The transaction has been approved by the board of directors of the company. Announcement • Aug 12
Prospect Commodities Limited, Annual General Meeting, Sep 06, 2024 Prospect Commodities Limited, Annual General Meeting, Sep 06, 2024, at 13:00 Indian Standard Time. Location: 417,sun orbit, b/h.rajpath club road, bodakdev,ahmedabad - 380054, gujarat, ahmedabad India Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹133, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 28x in the Food industry in India. Total returns to shareholders of 95% over the past year. Reported Earnings • May 25
Full year 2024 earnings released Full year 2024 results: Revenue: ₹246.9m (up 95% from FY 2023). Net income: ₹17.3m (up 215% from FY 2023). Profit margin: 7.0% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Announcement • May 19
Prospect Commodities Limited to Report Q4, 2024 Results on May 23, 2024 Prospect Commodities Limited announced that they will report Q4, 2024 results on May 23, 2024 New Risk • May 14
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 (13% average weekly change). Market cap is less than US$10m (₹595.3m market cap, or US$7.13m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (₹199m revenue, or US$2.4m). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to ₹110, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 27x in the Food industry in India. Total returns to shareholders of 54% over the past year. Announcement • Mar 15
Prospect Commodities Limited announced that it expects to receive INR 74.48 million in funding Prospect Commodities Limited announced a private placement to issue 870,000 shares at an issue price of INR 64 per share (INR 54 premium) for the gross proceeds of INR 55,680,000 and 1,175,000 pre-paid convertible warrants at an issue price of INR 18,800,000; aggregate gross proceeds of INR 74,480,000 on March 13, 2024. The transaction has been approved by the shareholders of the company. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₹74.88, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 30x in the Food industry in India. New Risk • Feb 09
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 11% 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 (11% average weekly change). Market cap is less than US$10m (₹255.2m market cap, or US$3.07m). Minor Risks Less than 3 years of financial data is available. Revenue is less than US$5m (₹199m revenue, or US$2.4m). Announcement • Oct 22
Prospect Commodities Limited to Report First Half, 2024 Results on Oct 27, 2023 Prospect Commodities Limited announced that they will report first half, 2024 results on Oct 27, 2023 Announcement • Aug 11
Prospect Commodities Limited, Annual General Meeting, Sep 29, 2023 Prospect Commodities Limited, Annual General Meeting, Sep 29, 2023, at 11:00 Indian Standard Time. Location: 417, Sun Orbit, B/h. Rajpath Club,Road, Bodakdev Ahmedabad Gujarat India Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹75.00, the stock trades at a trailing P/E ratio of 56.1x. Average trailing P/E is 26x in the Food industry in India. New Risk • Jul 25
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 High level of non-cash earnings (113% accrual ratio). Market cap is less than US$10m (₹306.6m market cap, or US$3.75m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.0% average weekly change). Revenue is less than US$5m (₹127m revenue, or US$1.6m). Board Change • Mar 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Nevil Soni 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. 
