Buy Or Sell Opportunity • Apr 30
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to ₹26.77. The fair value is estimated to be ₹21.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 58%. Buy Or Sell Opportunity • Apr 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to ₹26.27. The fair value is estimated to be ₹21.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 58%. Reported Earnings • Feb 12
Third quarter 2026 earnings released: EPS: ₹0.60 (vs ₹3.33 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.60 (up from ₹3.33 loss in 3Q 2025). Revenue: ₹731.3m (down 13% from 3Q 2025). Net income: ₹67.5m (up ₹445.2m from 3Q 2025). Profit margin: 9.2% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jan 30
K.C.P. Sugar and Industries Corporation Limited to Report Q3, 2026 Results on Feb 11, 2026 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹0.04 (vs ₹1.79 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.04 (down from ₹1.79 in 2Q 2025). Revenue: ₹684.1m (down 7.2% from 2Q 2025). Net income: ₹4.20m (down 98% from 2Q 2025). Profit margin: 0.6% (down from 28% in 2Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Oct 31
K.C.P. Sugar and Industries Corporation Limited to Report Q2, 2026 Results on Nov 11, 2025 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Announcement • Sep 26
K.C.P. Sugar and Industries Corporation Limited Approves Dividend K.C.P. Sugar and Industries Corporation Limited announced that at its AGM held on September 25, 2025, the shareholders approved to Declare Dividend at the rate of 10% on the face value of the Equity Shares of the Company. Upcoming Dividend • Sep 11
Upcoming dividend of ₹0.10 per share Eligible shareholders must have bought the stock before 18 September 2025. Payment date: 25 October 2025. Payout ratio is a comfortable 7.9% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.0%). Declared Dividend • Aug 15
Dividend reduced to ₹0.10 Dividend of ₹0.10 is 50% lower than last year. Ex-date: 18th September 2025 Payment date: 25th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 14
K.C.P. Sugar and Industries Corporation Limited, Annual General Meeting, Sep 25, 2025 K.C.P. Sugar and Industries Corporation Limited, Annual General Meeting, Sep 25, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹1.69 (vs ₹4.77 in 1Q 2025) First quarter 2026 results: EPS: ₹1.69 (down from ₹4.77 in 1Q 2025). Revenue: ₹870.7m (down 1.8% from 1Q 2025). Net income: ₹191.5m (down 65% from 1Q 2025). Profit margin: 22% (down from 61% in 1Q 2025). 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 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
K.C.P. Sugar and Industries Corporation Limited to Report Q1, 2026 Results on Aug 13, 2025 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹1.27 (vs ₹5.83 in FY 2024) Full year 2025 results: EPS: ₹1.27 (down from ₹5.83 in FY 2024). Revenue: ₹3.37b (down 2.6% from FY 2024). Net income: ₹143.9m (down 78% from FY 2024). Profit margin: 4.3% (down from 19% in FY 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 20
K.C.P. Sugar and Industries Corporation Limited to Report Q4, 2025 Results on May 28, 2025 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q4, 2025 results on May 28, 2025 Reported Earnings • Feb 11
Third quarter 2025 earnings released: ₹3.33 loss per share (vs ₹0.38 loss in 3Q 2024) Third quarter 2025 results: ₹3.33 loss per share (further deteriorated from ₹0.38 loss in 3Q 2024). Revenue: ₹885.9m (up 7.2% from 3Q 2024). Net loss: ₹377.7m (loss widened ₹334.5m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
K.C.P. Sugar and Industries Corporation Limited to Report Q3, 2025 Results on Feb 10, 2025 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹44.95, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 23x in the Food industry in India. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹49.61, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 25x in the Food industry in India. Total returns to shareholders of 145% over the past three years. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹1.79 (vs ₹2.47 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.79 (down from ₹2.47 in 2Q 2024). Revenue: ₹1.01b (up 8.5% from 2Q 2024). Net income: ₹202.6m (down 28% from 2Q 2024). Profit margin: 20% (down from 30% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Oct 18
K.C.P. Sugar and Industries Corporation Limited to Report Q2, 2025 Results on Oct 29, 2024 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q2, 2025 results on Oct 29, 2024 Buy Or Sell Opportunity • Oct 11
Now 20% undervalued Over the last 90 days, the stock has risen 1.9% to ₹52.08. The fair value is estimated to be ₹65.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 58%. Announcement • Sep 24
K.C.P. Sugar and Industries Corporation Limited Approves Dividend K.C.P. Sugar and Industries Corporation Limited announced that at its AGM held on 23 September 2024, the shareholders approved dividend at the rate of 20% on the face value of equity shares of the company. Upcoming Dividend • Sep 06
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 23 October 2024. Payout ratio is a comfortable 3.4% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.9%). Buy Or Sell Opportunity • Sep 03
Now 22% undervalued Over the last 90 days, the stock has risen 46% to ₹52.28. The fair value is estimated to be ₹66.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 58%. Reported Earnings • Jul 11
First quarter 2025 earnings released: EPS: ₹4.77 (vs ₹2.71 in 1Q 2024) First quarter 2025 results: EPS: ₹4.77 (up from ₹2.71 in 1Q 2024). Revenue: ₹1.36b (up 42% from 1Q 2024). Net income: ₹541.2m (up 76% from 1Q 2024). Profit margin: 40% (up from 32% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
K.C.P. Sugar and Industries Corporation Limited to Report Q1, 2025 Results on Jul 10, 2024 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q1, 2025 results on Jul 10, 2024 New Risk • Jun 13
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 8.4% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₹4.54b market cap, or US$54.4m). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹40.25, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 26x in the Food industry in India. Total returns to shareholders of 60% over the past three years. Declared Dividend • Jun 01
Dividend of ₹0.20 announced Dividend of ₹0.20 is the same as last year. Ex-date: 13th September 2024 Payment date: 23rd October 2024 Dividend yield will be 0.6%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (2% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 31
K.C.P. Sugar and Industries Corporation Limited, Annual General Meeting, Sep 23, 2024 K.C.P. Sugar and Industries Corporation Limited, Annual General Meeting, Sep 23, 2024. Announcement • May 30
K.C.P. Sugar and Industries Corporation Limited Recommends Final Dividend for the Financial Year Ended 31st March 2024 K.C.P. Sugar and Industries Corporation Limited recommend to the members a final dividend of INR 0.20 per equity share for the financial year ended 31st March 2024, which shall be paid/dispatched within 30 days from the date of ensuing Annual General Meeting CAGM'), if declared and approved by the members at the AGM. Announcement • May 17
K.C.P. Sugar and Industries Corporation Limited to Report Q4, 2024 Results on May 29, 2024 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹38.40, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 27x in the Food industry in India. Total returns to shareholders of 148% over the past three years. Announcement • Mar 28
K.C.P. Sugar and Industries Corporation Limited Announces Board Changes, Effective March 31, 2024 K.C.P. Sugar and Industries Corporation Limited informed that Dr. Vithal Rajan, Mr. M.S.V.M. Rao and Mr. Pratap K. Moturi, Non-Executive Independent Directors, shall be retired from the company's Board of Directors, with effect from 31st March, 2024 (close of business hours) and consequently the Board of the company vide Circular resolution passed on 28th March 2024, have approved and reconstituted the following Committees of the Board with effect from 01st April, 2024 as follows: Reconstitution of Audit Committee: K. R. Adivarahan, Chairperson, Vinod R. Sethi, Member, Ramachandran Bakthavatsalam, Member, Krishnaswamy Kalyanaraman, Member, Reconstitution of Nomination & Remuneration Committee: Krishnaswamy Kalyanaraman, Chairperson, Vinod R. Sethi, Member, K. R. Adivarahan, Member, Reconstitution of Stakeholders Relationship Committee:, Ramachandran Bakthavatsalam, Chairperson, Irmgard Velagapudi, Member, Kiran Velagapudi, Member, Malini Lakshmi Narasimhan, Member. Reported Earnings • Feb 11
Third quarter 2024 earnings released: ₹0.38 loss per share (vs ₹2.93 profit in 3Q 2023) Third quarter 2024 results: ₹0.38 loss per share (down from ₹2.93 profit in 3Q 2023). Revenue: ₹872.4m (up 17% from 3Q 2023). Net loss: ₹43.2m (down 113% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
K.C.P. Sugar and Industries Corporation Limited Announces Change of Company Secretary and Compliance Officer The Board of Directors of K.C.P. Sugar and Industries Corporation Limited at its meeting held on February 09, 2024, on the recommendations of Nomination and Remuneration Committee have approved the appointment of Mr. T. Karthik Narayanan as the Company Secretary and Compliance Officer, effective from 18 March 2024 of the Company (Membership No. A51274) designated as the Key Managerial Personnel pursuant to the provisions of section 203 of the Companies Act, 2013. Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, the company informed the exchange that Mr. Aravindkumar. V, Company Secretary & Compliance Officer has decided to step down as Company Secretary and Compliance Officer of the Company vide his letter dated January 29, 2024 and will be relieved from the services of the Company with effect from close of business hours on February, 29, 2024. Consequent to the resignation of Mr. Aravindkumar V, the Company Secretary and Compliance officer of the Company, Mr. K. Panneer Selvan, Chief Financial officer of the Company has been appointed as the Interim Compliance officer of the Company with effect from March 01, 2024 till such time the new Company Secretary and Compliance Officer is appointed. Mr. T. Karthik Narayanan, is an Associate Member of the Institute of Company Secretaries of India (Membership No. A51274. He has around 6 years of experience in the secretarial function. New Risk • Feb 06
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 7.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹5.83b market cap, or US$70.1m). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹47.80, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 31x in the Food industry in India. Total returns to shareholders of 213% over the past three years. Announcement • Jan 30
K.C.P. Sugar and Industries Corporation Limited to Report Q3, 2024 Results on Feb 09, 2024 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹2.47 (vs ₹2.39 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.47 (up from ₹2.39 in 2Q 2023). Revenue: ₹1.16b (up 42% from 2Q 2023). Net income: ₹279.5m (up 6.0% from 2Q 2023). Profit margin: 24% (down from 32% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Oct 26
K.C.P. Sugar and Industries Corporation Limited to Report Q2, 2024 Results on Nov 08, 2023 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹41.85, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 27x in the Food industry in India. Total returns to shareholders of 181% over the past three years. Announcement • Sep 29
K.C.P. Sugar and Industries Corporation Limited Approves Dividend for the Year 2023 K.C.P. Sugar and Industries Corporation Limited announced that at its AGM held on September 27, 2023, shareholders approved the dividend at the rate of 20% on the face value of equity shares of the company. Upcoming Dividend • Sep 13
Upcoming dividend of ₹0.20 per share at 0.6% yield Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 4.0% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.9%). Announcement • Aug 26
K.C.P. Sugar and Industries Corporation Limited, Annual General Meeting, Sep 27, 2023 K.C.P. Sugar and Industries Corporation Limited, Annual General Meeting, Sep 27, 2023, at 11:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹28.70, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 25x in the Food industry in India. Total returns to shareholders of 107% over the past three years. Reported Earnings • Jul 20
First quarter 2024 earnings released: EPS: ₹2.71 (vs ₹0.60 loss in 1Q 2023) First quarter 2024 results: EPS: ₹2.71 (up from ₹0.60 loss in 1Q 2023). Revenue: ₹1.23b (up 67% from 1Q 2023). Net income: ₹306.8m (up ₹363.5m from 1Q 2023). Profit margin: 25% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jul 04
K.C.P. Sugar and Industries Corporation Limited to Report Q1, 2024 Results on Jul 19, 2023 K.C.P. Sugar and Industries Corporation Limited announced that they will report Q1, 2024 results on Jul 19, 2023 Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹5.04 (vs ₹0.27 in FY 2022) Full year 2023 results: EPS: ₹5.04 (up from ₹0.27 in FY 2022). Revenue: ₹3.57b (up 12% from FY 2022). Net income: ₹571.5m (up ₹535.8m from FY 2022). Profit margin: 16% (up from 1.1% in FY 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • May 30
K.C.P. Sugar and Industries Corporation Limited Recommends Final Dividend for the Financial Year 2022-2023 K.C.P. Sugar and Industries Corporation Limited at its board meeting held on May 29, 2023 recommended a final Dividend on Equity Shares at INR 0.20/- per Equity Share of the Face Value of INR 1/- each, for the Financial Year 2022-2023 subject to the approval of the Shareholders at the upcoming 28th Annual General Meeting of the Company. The dividend will be paid/dispatched within 30 days from the date of Annual General Meeting. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹2.93 (vs ₹0.77 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹2.93 (up from ₹0.77 loss in 3Q 2022). Revenue: ₹1.25b (up 9.7% from 3Q 2022). Net income: ₹330.0m (up ₹412.2m from 3Q 2022). Profit margin: 26% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year. Buying Opportunity • Jan 27
Now 23% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be ₹33.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Earnings per share has declined by 8.8%. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 27% share price gain to ₹32.65, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 25x in the Food industry in India. Total returns to shareholders of 130% over the past three years. Buying Opportunity • Dec 21
Now 23% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be ₹36.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Earnings per share has declined by 8.8%. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 17% share price gain to ₹29.10, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 25x in the Food industry in India. Total returns to shareholders of 126% over the past three years. 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. 1 experienced director. 6 highly experienced directors. Independent Director Karaikurichi Adivarahan was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
First quarter 2023 earnings released: ₹0.60 loss per share (vs ₹0.77 profit in 1Q 2022) First quarter 2023 results: ₹0.60 loss per share (down from ₹0.77 profit in 1Q 2022). Revenue: ₹756.9m (up 25% from 1Q 2022). Net loss: ₹56.7m (down 170% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₹27.65, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 22x in the Food industry in India. Total returns to shareholders of 91% 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. 6 highly experienced directors. Independent Director Karaikurichi Adivarahan was the last director to join the board, commencing their role in 2016. 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 06
Investor sentiment improved over the past week After last week's 19% share price gain to ₹30.05, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 22x in the Food industry in India. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 21% share price gain to ₹28.85, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 22x in the Food industry in India. Total returns to shareholders of 68% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.77 loss per share (down from ₹1.07 profit in 3Q 2021). Revenue: ₹1.14b (up 28% from 3Q 2021). Net loss: ₹82.2m (down 173% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 17% share price gain to ₹25.55, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 17x in the Food industry in India. Total returns to shareholders of 40% over the past three years. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹0.73 (vs ₹0.42 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹838.4m (up 7.7% from 2Q 2021). Net income: ₹82.0m (up ₹128.7m from 2Q 2021). Profit margin: 9.8% (up from net loss in 2Q 2021). Upcoming Dividend • Sep 10
Upcoming dividend of ₹0.10 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 27 October 2021. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.3%). Executive Departure • Aug 18
Chief Financial Officer R. Ganesan has left the company During their tenure, the company went from making losses to turning a profit. We don't have any record of a personal shareholding under Ganesan's name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₹30.65, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 19x in the Food industry in India. Total returns to shareholders of 54% over the past three years. Reported Earnings • Jul 01
Full year 2021 earnings released: EPS ₹2.22 (vs ₹0.57 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹3.29b (down 17% from FY 2020). Net income: ₹233.0m (up ₹295.6m from FY 2020). Profit margin: 7.1% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹1.07 (vs ₹0.30 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹894.7m (down 14% from 3Q 2020). Net income: ₹113.1m (up 234% from 3Q 2020). Profit margin: 13% (up from 3.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 71% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 04
New 90-day high: ₹17.85 The company is up 13% from its price of ₹15.75 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ₹17.45 The company is up 14% from its price of ₹15.30 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: ₹16.55 The company is up 5.0% from its price of ₹15.70 on 28 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is flat over the same period.