Announcement • Aug 07
Thrive Future Habitats Limited, Annual General Meeting, Sep 16, 2026 Thrive Future Habitats Limited, Annual General Meeting, Sep 16, 2026. Reported Earnings • Aug 06
First quarter 2027 earnings released: ₹0.81 loss per share (vs ₹0.30 loss in 1Q 2026) First quarter 2027 results: ₹0.81 loss per share (further deteriorated from ₹0.30 loss in 1Q 2026). Net loss: ₹9.20m (loss widened 225% from 1Q 2026). 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 31% per year, which means it is significantly lagging earnings growth. Announcement • Aug 01
Thrive Future Habitats Limited to Report Q1, 2027 Results on Aug 05, 2026 Thrive Future Habitats Limited announced that they will report Q1, 2027 results on Aug 05, 2026 New Risk • Jul 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹933.4m (US$9.75m) This is considered a major risk. Companies with a small market capitalization 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 Risks Revenue is less than US$1m (₹12m revenue, or US$128k). Market cap is less than US$10m (₹933.4m market cap, or US$9.75m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Jun 16
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 8.7% 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 Revenue is less than US$1m (₹12m revenue, or US$130k). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (₹1.04b market cap, or US$11.0m). Reported Earnings • May 27
Full year 2026 earnings released: ₹1.08 loss per share (vs ₹4.22 loss in FY 2025) Full year 2026 results: ₹1.08 loss per share (improved from ₹4.22 loss in FY 2025). Net loss: ₹9.67m (loss narrowed 51% from FY 2025). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Thrive Future Habitats Limited to Report Q4, 2026 Results on May 25, 2026 Thrive Future Habitats Limited announced that they will report Q4, 2026 results on May 25, 2026 Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹0.36 (vs ₹0.39 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.36 (up from ₹0.39 loss in 3Q 2025). Net income: ₹3.40m (up ₹5.19m from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Thrive Future Habitats Limited to Report Q3, 2026 Results on Feb 06, 2026 Thrive Future Habitats Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Announcement • Jan 23
Thrive Future Habitats Limited announced that it expects to receive INR 219.999859 million in funding Thrive Future Habitats Limited announced a private placement to issue 1,758,592 Equity Share at an issue price of INR 125.10 for the proceeds of INR 219,999,859.2 on January 22, 2026. Transaction involves participation of Rajendra Singh Pawar for 839,328 shares, Vijay Kumar Thadani for 839,328 shares and Neha Subash Idnany for 79,936 shares as an investors. Transaction is approved by board of directors and is subject to shareholder approval. New Risk • Dec 03
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 8.5% 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 Less than 1 year of cash runway based on free cash flow trend (-₹24m free cash flow). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 3.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Revenue is less than US$1m (₹20m revenue, or US$217k). Minor Risk Market cap is less than US$100m (₹1.18b market cap, or US$13.1m). Reported Earnings • Nov 15
Second quarter 2026 earnings released: ₹0.44 loss per share (vs ₹0.31 loss in 2Q 2025) Second quarter 2026 results: ₹0.44 loss per share (further deteriorated from ₹0.31 loss in 2Q 2025). Revenue: ₹3.85m (up 70% from 2Q 2025). Net loss: ₹4.18m (loss widened 193% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Nov 11
Ador Multiproducts Limited to Report Q2, 2026 Results on Nov 14, 2025 Ador Multiproducts Limited announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Oct 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 6.8% 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: Major Risks Earnings have declined by 8.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Revenue is less than US$1m (₹18m revenue, or US$206k). Market cap is less than US$10m (₹765.1m market cap, or US$8.69m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). New Risk • Sep 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹877.6m (US$9.99m) This is considered a major risk. Companies with a small market capitalization 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 Risks Earnings have declined by 8.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Revenue is less than US$1m (₹18m revenue, or US$206k). Market cap is less than US$10m (₹877.6m market cap, or US$9.99m). Reported Earnings • Jul 23
Full year 2025 earnings released: ₹4.22 loss per share (vs ₹9.79 loss in FY 2024) Full year 2025 results: ₹4.22 loss per share (improved from ₹9.79 loss in FY 2024). Revenue: ₹21.8m (down 68% from FY 2024). Net loss: ₹19.7m (loss narrowed 57% from FY 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Jul 22
Ador Multiproducts Limited, Annual General Meeting, Aug 13, 2025 Ador Multiproducts Limited, Annual General Meeting, Aug 13, 2025, at 11:30 Indian Standard Time. Announcement • Jul 13
Ador Multiproducts Limited to Report Q1, 2026 Results on Jul 16, 2025 Ador Multiproducts Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Jul 16, 2025 New Risk • Jun 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 105% 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 (13% average weekly change). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Revenue is less than US$1m (₹22m revenue, or US$255k). Market cap is less than US$10m (₹726.5m market cap, or US$8.49m). Reported Earnings • May 17
Full year 2025 earnings released: ₹6.78 loss per share (vs ₹8.60 loss in FY 2024) Full year 2025 results: ₹6.78 loss per share (improved from ₹8.60 loss in FY 2024). Revenue: ₹28.2m (down 58% from FY 2024). Net loss: ₹31.7m (loss narrowed 21% from FY 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Ador Multiproducts Limited to Report Q4, 2025 Results on May 16, 2025 Ador Multiproducts Limited announced that they will report Q4, 2025 results on May 16, 2025 Announcement • Mar 22
Arvinder Singh Pasricha and Aman Pasricha Balsara proposed to acquire 53.19% stake in Ador Multiproducts Limited (BSE:523120) for INR 78.1 million. Arvinder Singh Pasricha and Aman Pasricha Balsara proposed to acquire 53.19% stake in Ador Multiproducts Limited (BSE:523120) for INR 78.1 million on March 21, 2025. A cash consideration of INR 78.08 million valued at INR 31.41 per share will be paid by the buyers. As part of consideration, INR 78.08 million is paid towards common equity of Ador Multiproducts Limited.
Corporate Professionals Capital Private Limited acted as manager to the offer. Announcement • Mar 21
Ador Multiproducts Limited announced that it expects to receive INR 226.63719 million in funding Ador Multiproducts Limited announced a private placement of up to 4,887,356 equity shares at a price of INR 31.41 per share for the gross proceeds of INR 153,511,851.96 and 9,312,364 fully convertible warrants at a price of INR 7.8525 per warrant for the gross proceeds of INR 73,125,338.31 for the gross proceeds of INR 226,637,190.27 on March 21, 2025. The warrants will be exercisable at an exercise price of INR 23.5575 per share. The securities will be issued on preferential basis. The transaction will include participation from Arvinder Singh Pasricha for 2,636,705 shares, Aman Pasricha Balsara for 2,250,651 shares. The transaction will include participation from shareholders of the company. New Risk • Mar 19
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 7.5% 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 Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (₹15m revenue, or US$173k). Market cap is less than US$10m (₹123.9m market cap, or US$1.43m). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • Mar 19
Third quarter 2025 earnings released: ₹0.39 loss per share (vs ₹1.21 loss in 3Q 2024) Third quarter 2025 results: ₹0.39 loss per share (improved from ₹1.21 loss in 3Q 2024). Revenue: ₹6.47m (down 44% from 3Q 2024). Net loss: ₹1.78m (loss narrowed 69% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Feb 04
Ador Multiproducts Limited to Report Q3, 2025 Results on Feb 07, 2025 Ador Multiproducts Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Oct 18
Second quarter 2025 earnings released: ₹0.31 loss per share (vs ₹0.24 loss in 2Q 2024) Second quarter 2025 results: ₹0.31 loss per share (further deteriorated from ₹0.24 loss in 2Q 2024). Revenue: ₹4.57m (down 81% from 2Q 2024). Net loss: ₹1.43m (loss widened 26% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Oct 14
Ador Multiproducts Limited to Report Q2, 2025 Results on Oct 17, 2024 Ador Multiproducts Limited announced that they will report Q2, 2025 results on Oct 17, 2024 New Risk • Sep 05
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 Less than 1 year of cash runway based on free cash flow trend (-₹97m free cash flow). Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m (₹26m revenue, or US$305k). Market cap is less than US$10m (₹184.3m market cap, or US$2.19m). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • Aug 07
Ador Multiproducts Limited to Report Q1, 2025 Results on Aug 14, 2024 Ador Multiproducts Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • Aug 06
Full year 2024 earnings released: ₹22.42 loss per share (vs ₹4.22 loss in FY 2023) Full year 2024 results: ₹22.42 loss per share (further deteriorated from ₹4.22 loss in FY 2023). Revenue: ₹51.5m (down 13% from FY 2023). Net loss: ₹104.8m (loss widened 432% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 36% per year. Announcement • Aug 02
Ador Multiproducts Limited, Annual General Meeting, Aug 27, 2024 Ador Multiproducts Limited, Annual General Meeting, Aug 27, 2024, at 11:00 Indian Standard Time. New Risk • May 30
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹83m (US$1m) This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₹5.4m free cash flow). Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m (₹83m revenue, or US$1m). Market cap is less than US$10m (₹160.9m market cap, or US$1.93m). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • May 19
Full year 2024 earnings released: ₹8.57 loss per share (vs ₹19.49 loss in FY 2023) Full year 2024 results: ₹8.57 loss per share (improved from ₹19.49 loss in FY 2023). Revenue: ₹83.4m (down 32% from FY 2023). Net loss: ₹40.2m (loss narrowed 56% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 26% per year. New Risk • May 08
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 8.2% 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 Risks Earnings have declined by 48% per year over the past 5 years. Market cap is less than US$10m (₹171.7m market cap, or US$2.06m). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Revenue is less than US$5m (₹86m revenue, or US$1.0m). Reported Earnings • Feb 02
Third quarter 2024 earnings released: ₹1.21 loss per share (vs ₹5.11 loss in 3Q 2023) Third quarter 2024 results: ₹1.21 loss per share (improved from ₹5.11 loss in 3Q 2023). Revenue: ₹16.7m (down 42% from 3Q 2023). Net loss: ₹5.66m (loss narrowed 76% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Jan 25
Ador Multiproducts Limited to Report Q2, 2024 Results on Feb 01, 2024 Ador Multiproducts Limited announced that they will report Q2, 2024 results on Feb 01, 2024 Announcement • Oct 24
Ador Multiproducts Limited to Report Q2, 2024 Results on Oct 30, 2023 Ador Multiproducts Limited announced that they will report Q2, 2024 results on Oct 30, 2023 Announcement • Jul 28
Ador Multiproducts Limited to Report Q1, 2024 Results on Aug 02, 2023 Ador Multiproducts Limited announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • Jul 24
Full year 2023 earnings released: ₹19.49 loss per share (vs ₹14.84 loss in FY 2022) Full year 2023 results: ₹19.49 loss per share (further deteriorated from ₹14.84 loss in FY 2022). Revenue: ₹122.2m (down 9.3% from FY 2022). Net loss: ₹91.1m (loss widened 31% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jul 24
Ador Multiproducts Limited, Annual General Meeting, Aug 14, 2023 Ador Multiproducts Limited, Annual General Meeting, Aug 14, 2023, at 11:00 Indian Standard Time. Location: the Registered Office of the Company at Ador House, 5 th Floor, 6 K Dubash Marg, Fort Mumbai India Agenda: To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) for the year ended 31 March 2023 consisting of Audited Balance Sheet as at 31 March 2023 and the Statement of Profit and Loss for the year ended on that date together with the Report of Board of Directors and Auditors thereon; to appoint a director in place of Ms. Tanya Halina Advani who retires by rotation and, being eligible, offers herself for re-appointment; and to consider any other matter thereof. Reported Earnings • Jun 01
Full year 2023 earnings released: ₹19.50 loss per share (vs ₹14.84 loss in FY 2022) Full year 2023 results: ₹19.50 loss per share (further deteriorated from ₹14.84 loss in FY 2022). Revenue: ₹124.5m (down 7.5% from FY 2022). Net loss: ₹91.1m (loss widened 31% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • May 23
Ador Multiproducts Limited to Report Q4, 2023 Results on May 30, 2023 Ador Multiproducts Limited announced that they will report Q4, 2023 results on May 30, 2023 Announcement • Jan 26
Ador Multiproducts Limited to Report Q3, 2023 Results on Feb 03, 2023 Ador Multiproducts Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Feb 03, 2023 Board Change • Nov 16
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 Suneil Chawla was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 10
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman Deep Lalvani is the most experienced director on the board, commencing their role in 2007. Independent Director Suneil Chawla was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Sep 09
Ador Multiproducts Limited Announces Resignation of Gaurav Lalwani from the Board of Directors Ador Multiproducts Limited announced that Mr. Gaurav Lalwani, Independent Director of company has resigned from the Board of Directors due to his personal commitments with effect from 08 September, 2022. Announcement • Aug 12
Ador Multiproducts Limited Announces Resignation of Mr. Navroze Marshall as Independent Director Ador Multiproducts Limited announced that at its board meeting held on August 12, 2022, the board announced that the resignation of Mr. Navroze Marshall as Independent Director of the company. Reported Earnings • Jul 13
Full year 2022 earnings released: ₹14.84 loss per share (vs ₹3.20 profit in FY 2021) Full year 2022 results: ₹14.84 loss per share (down from ₹3.20 profit in FY 2021). Revenue: ₹134.6m (down 31% from FY 2021). Net loss: ₹69.3m (down ₹84.3m from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Jul 09
Ador Multiproducts Limited, Annual General Meeting, Aug 01, 2022 Ador Multiproducts Limited, Annual General Meeting, Aug 01, 2022, at 11:00 Indian Standard Time. Agenda: To consider adoption of the Annual Financial Statements and reports thereon for the year ended on 31 March, 2022; to consider re-appoint Mr. Deep Ashda Lalvani, Director who retires by rotation; and to consider other matters. Announcement • May 21
Ador Multiproducts Limited Appoints Suneil Chawla as Independent Director Ador Multiproducts Limited announced at the board meeting held on May 20, 2022 that the company approved Appointment of Mr. Suneil Chawla as an Independent Director of the company. He holds 19 years of rich experience in the corporate world having Brand Building, Growth and Marketing as his Area of Specialization. Previously Mr. Chawla was engaged with Bain & Co. (2007 - 2011) and ABN Amro Bank {2003 - 2005). Announcement • May 17
Ador Multiproducts Limited to Report Q4, 2022 Results on May 20, 2022 Ador Multiproducts Limited announced that they will report Q4, 2022 results on May 20, 2022 Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹2.94 loss per share (down from ₹1.47 loss in 3Q 2021). Revenue: ₹20.5m (down 30% from 3Q 2021). Net loss: ₹13.8m (loss widened 99% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 24% share price gain to ₹128, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 48x in the Personal Products industry in India. Total returns to shareholders of 222% over the past three years. Reported Earnings • Aug 09
Full year 2021 earnings released: EPS ₹3.20 (vs ₹7.53 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹194.1m (up 88% from FY 2020). Net income: ₹15.0m (up ₹43.5m from FY 2020). Profit margin: 7.7% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 49% per year. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 24% share price gain to ₹103, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 54x in the Personal Products industry in India. Total returns to shareholders of 167% over the past three years. Reported Earnings • Jun 02
Full year 2021 earnings released: EPS ₹3.23 (vs ₹7.53 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹238.0m (up 131% from FY 2020). Net income: ₹15.0m (up ₹43.5m from FY 2020). Profit margin: 6.3% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹71.35, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 44x in the Personal Products industry in India. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹98.80, the stock is trading at a trailing P/E ratio of 36.5x, down from the previous P/E ratio of 44x. This compares to an average P/E of 44x in the Personal Products industry in India. Total returns to shareholders over the past three years are 164%. Is New 90 Day High Low • Feb 25
New 90-day high: ₹119 The company is up 96% from its price of ₹60.95 on 23 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Personal Products industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₹85.80, the stock is trading at a trailing P/E ratio of 31.7x, down from the previous P/E ratio of 40.9x. This compares to an average P/E of 47x in the Personal Products industry in India. Total returns to shareholders over the past three years are 313%. Reported Earnings • Feb 11
Third quarter 2021 earnings released: ₹1.47 loss per share The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: ₹30.6m (up 203% from 3Q 2020). Net loss: ₹6.90m (loss widened 166% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
Ador Multiproducts Limited to Report Q3, 2021 Results on Feb 05, 2021 Ador Multiproducts Limited announced that they will report Q3, 2021 results on Feb 05, 2021 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₹108, the stock is trading at a trailing P/E ratio of 32x, up from the previous P/E ratio of 27.4x. This compares to an average P/E of 49x in the Personal Products industry in India. Total returns to shareholders over the past three years are 300%. Is New 90 Day High Low • Dec 21
New 90-day high: ₹69.05 The company is up 18% from its price of ₹58.60 on 21 September 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Personal Products industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 16% share price gain to ₹67.05, the stock is trading at a trailing P/E ratio of 19.9x, up from the previous P/E ratio of 17.2x. This compares to an average P/E of 46x in the Personal Products industry in India. Total returns to shareholders over the past three years are 237%. Is New 90 Day High Low • Nov 11
New 90-day high: ₹65.05 The company is up 20% from its price of ₹54.00 on 13 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Personal Products industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 27% share price gain to ₹57.50, the stock is trading at a trailing P/E ratio of 17.9x, up from the previous P/E ratio of 14.1x. This compares to an average P/E of 46x in the Personal Products industry in India. Total returns to shareholders over the past three years are 219%. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of ₹17.0m, with earnings increasing by ₹31.3m from the prior year. Total revenue was ₹244.2m over the last 12 months, up 240% from the prior year. Announcement • Aug 09
Ador Multiproducts Limited to Report Q1, 2021 Results on Aug 13, 2020 Ador Multiproducts Limited announced that they will report Q1, 2021 results on Aug 13, 2020 
