Reported Earnings • Jun 25
Full year 2026 earnings released: EPS: ₹3.34 (vs ₹1.35 in FY 2025) Full year 2026 results: EPS: ₹3.34 (up from ₹1.35 in FY 2025). Revenue: ₹3.93b (up 32% from FY 2025). Net income: ₹64.8m (up 148% from FY 2025). Profit margin: 1.6% (up from 0.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Announcement • Jun 17
Lykis Limited Announces Regularization of Board of Directors Lykis Limited at its board meeting held on June 15, 2026 approved regularisation of Mr. Nishant Nathmal Bajaj, as a Non-Executive Director of the company with effect from 25 May, 2026, Ms. Kinjal Bhavin Gandhi as an Independent Director (Non-Executive Category) and Ms. Radhika Amit Agarwal as an Independent Director (Non-Executive Category) of the company with effect from 22nd April, 2026. Mr. Nishant Nathmal Bajaj is a Law Graduate, Bachelor of Commerce, and a Member of the Institute of Company Secretaries of India (ICSI). He s actively engaged in providing advisory and compliance services under Companies Act, SEBI Regulations, LLP Act, and allied corporate laws. Ms. Kinjal Bhavin Gandhi is a seasoned banking and finance professional with over a decade of experience in client relationship management, wealth advisory, and retail banking. Her prior experience spans leading financial institutions such as IndusInd Bank, HDFC Bank, and Standard Chartered Bank, where she consistently excelled in managing high-value client portfolios, driving product cross-selling, and delivering tailored financial solutions. Her core strengths include wealth management, strategic planning, corporate governance, and client acquisition and retention. Ms. Radhika Amit Agarwal is a qualified Company Secretary with nearly 9 years of experience in corporate law, secretarial compliance, and governance. Worked with SME listed entity, private and public companies handling board meetings, statutory filings under the Companies Act, SEBI, and listing-agreement requirements, along with drafting resolutions, agreements, and related documentation. Hands on at liaising with regulators, auditors, and external counsel to ensure smooth and timely compliance for listed and unlisted entities. Formerly designated as Company Secretary & Compliance Officer with Sowilo Capital Advisors LLP SEBI Registered Merchant Bankers (till November, 2025). Board Change • Jun 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Non-Executive Independent Director Rajesh Nambiar is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Independent Director Radhika Agarwal was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
Full year 2026 earnings released: EPS: ₹3.34 (vs ₹1.35 in FY 2025) Full year 2026 results: EPS: ₹3.34 (up from ₹1.35 in FY 2025). Revenue: ₹3.97b (up 33% from FY 2025). Net income: ₹64.7m (up 148% from FY 2025). Profit margin: 1.6% (up from 0.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Apr 21
Lykis Limited to Report Q4, 2026 Results on Apr 27, 2026 Lykis Limited announced that they will report Q4, 2026 results on Apr 27, 2026 Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹1.02 (vs ₹0.80 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.02 (up from ₹0.80 in 3Q 2025). Revenue: ₹915.8m (up 16% from 3Q 2025). Net income: ₹19.8m (up 28% from 3Q 2025). Profit margin: 2.2% (up from 2.0% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹54.57, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 46x in the Personal Products industry in India. Total loss to shareholders of 24% over the past three years. Announcement • Jan 16
Lykis Limited to Report Q3, 2026 Results on Jan 23, 2026 Lykis Limited announced that they will report Q3, 2026 results on Jan 23, 2026 Announcement • Dec 19
Parshav Vatika LLP, K8 Products LLP and Tidagela Ventures Private Limited entered into a Share Purchase Agreement to acquire 67.17% stake in Lykis Limited (BSE:530689) from Nadir Dhrolia for approximately INR 250 million. Parshav Vatika LLP, K8 Products LLP and Tidagela Ventures Private Limited entered into a Share Purchase Agreement to acquire 67.17% stake in Lykis Limited (BSE:530689) from Nadir Dhrolia for approximately INR 250 million on December 18, 2025. Under the terms of the acquisition, Parshav Vatika LLP, K8 Products LLP and Tidagela Ventures Private Limited will acquire 13.01 million ordinary shares in Lykis Limited at INR 19.01 in cash per share. In a related transaction, Parshav Vatika LLP proposed to acquire 26% stake in Lykis Limited in an open offer transaction.
The transaction is subject to satisfaction of conditions precedent in the SPA and receipt of the statutory approvals. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹45.46, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 47x in the Personal Products industry in India. Total returns to shareholders of 1.5% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹35.71, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 49x in the Personal Products industry in India. Total loss to shareholders of 26% over the past three years. Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: ₹1.55 (vs ₹0.47 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.55 (up from ₹0.47 in 2Q 2025). Revenue: ₹905.0m (up 7.9% from 2Q 2025). Net income: ₹30.0m (up 227% from 2Q 2025). Profit margin: 3.3% (up from 1.1% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Nov 03
Lykis Limited to Report Q2, 2026 Results on Nov 08, 2025 Lykis Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 08, 2025 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹36.82, the stock trades at a trailing P/E ratio of 53.8x. Average trailing P/E is 58x in the Personal Products industry in India. Total loss to shareholders of 9.4% over the past three years. New Risk • Aug 16
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 8.0% 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 Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$10m (₹627.0m market cap, or US$7.17m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Announcement • Aug 07
Lykis Limited, Annual General Meeting, Sep 25, 2025 Lykis Limited, Annual General Meeting, Sep 25, 2025, at 11:00 Indian Standard Time. New Risk • Aug 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Market cap is less than US$10m (₹708.9m market cap, or US$8.08m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Announcement • Aug 06
Lykis Limited Announces Resignation of Shafeen Charania as Chairman (Non-Executive Director) The Board of Directors of Lykis Limited at its meeting held on August 06, 2025, has inter alia: Considered resignation of Mr. Shafeen Charania as Chairman (Non-Executive Director). Announcement • Jul 29
Lykis Limited to Report Q1, 2026 Results on Aug 06, 2025 Lykis Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹41.47, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 60x in the Personal Products industry in India. Total returns to shareholders of 58% over the past three years. New Risk • May 26
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 8.9% 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 Interest payments are not well covered by earnings (1.7x net interest cover). Market cap is less than US$10m (₹694.8m market cap, or US$8.16m). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹1.35 (vs ₹2.00 in FY 2024) Full year 2025 results: EPS: ₹1.35 (down from ₹2.00 in FY 2024). Revenue: ₹3.01b (down 26% from FY 2024). Net income: ₹26.1m (down 33% from FY 2024). Profit margin: 0.9% (down from 1.0% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹38.34, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 51x in the Personal Products industry in India. Total returns to shareholders of 34% over the past three years. Announcement • May 10
Lykis Limited to Report Q4, 2025 Results on May 23, 2025 Lykis Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 23, 2025 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹26.83, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 49x in the Personal Products industry in India. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹35.22, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 51x in the Personal Products industry in India. Total returns to shareholders of 4.4% over the past three years. Reported Earnings • Jan 30
Third quarter 2025 earnings released: EPS: ₹0.80 (vs ₹0.73 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.80 (up from ₹0.73 in 3Q 2024). Revenue: ₹797.1m (down 15% from 3Q 2024). Net income: ₹15.5m (up 9.1% from 3Q 2024). Profit margin: 1.9% (up from 1.5% in 3Q 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Announcement • Jan 21
Lykis Limited to Report Q3, 2025 Results on Jan 29, 2025 Lykis Limited announced that they will report Q3, 2025 results on Jan 29, 2025 Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹52.80, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 51x in the Personal Products industry in India. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹49.36, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 56x in the Personal Products industry in India. Total returns to shareholders of 51% over the past three years. New Risk • Nov 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹833.7m (US$9.88m) 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 Interest payments are not well covered by earnings (1.0x net interest cover). Market cap is less than US$10m (₹833.7m market cap, or US$9.88m). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Nov 03
Second quarter 2025 earnings released: EPS: ₹0.47 (vs ₹1.05 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.47 (down from ₹1.05 in 2Q 2024). Revenue: ₹847.7m (down 14% from 2Q 2024). Net income: ₹9.18m (down 55% from 2Q 2024). Profit margin: 1.1% (down from 2.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Announcement • Oct 17
Lykis Limited to Report Q2, 2025 Results on Nov 01, 2024 Lykis Limited announced that they will report Q2, 2025 results on Nov 01, 2024 New Risk • Sep 23
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 8.3% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₹996.9m market cap, or US$11.9m). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹53.42, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 66x in the Personal Products industry in India. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹49.06, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 63x in the Personal Products industry in India. Total returns to shareholders of 47% over the past three years. New Risk • Aug 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹827.1m (US$9.85m) 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 Interest payments are not well covered by earnings (1.2x net interest cover). Market cap is less than US$10m (₹827.1m market cap, or US$9.85m). Minor Risk Profit margins are more than 30% lower than last year (0.9% net profit margin). Announcement • Jul 22
Lykis Limited to Report Q1, 2025 Results on Jul 30, 2024 Lykis Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • Jul 07
Full year 2024 earnings released: EPS: ₹2.00 (vs ₹8.12 in FY 2023) Full year 2024 results: EPS: ₹2.00 (down from ₹8.12 in FY 2023). Revenue: ₹4.04b (down 11% from FY 2023). Net income: ₹38.8m (down 75% from FY 2023). Profit margin: 1.0% (down from 3.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹55.59, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 58x in the Personal Products industry in India. Total returns to shareholders of 81% over the past three years. Announcement • May 31
Lykis Limited Announces Resignation of Sachin Bhatnagar as Chief Executive Officer Lykis Limited informed that Mr. Sachin Bhatnagar submitted his resignation as Chief Executive Officer of the Company with effect from close of business hours on 06th June, 2024, due to personal reasons. New Risk • May 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹822.7m (US$9.87m) 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 Interest payments are not well covered by earnings (1.5x net interest cover). Market cap is less than US$10m (₹822.7m market cap, or US$9.87m). Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin). Announcement • May 16
Lykis Limited, Annual General Meeting, Jul 30, 2024 Lykis Limited, Annual General Meeting, Jul 30, 2024, at 11:00 Indian Standard Time. Reported Earnings • May 14
Full year 2024 earnings released: EPS: ₹2.00 (vs ₹8.12 in FY 2023) Full year 2024 results: EPS: ₹2.00 (down from ₹8.12 in FY 2023). Revenue: ₹4.08b (down 10% from FY 2023). Net income: ₹38.8m (down 75% from FY 2023). Profit margin: 1.0% (down from 3.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Lykis Limited to Report Q4, 2024 Results on May 13, 2024 Lykis Limited announced that they will report Q4, 2024 results on May 13, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹54.03, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 53x in the Personal Products industry in India. Total returns to shareholders of 83% over the past three years. New Risk • Mar 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹791.9m (US$9.56m) 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 Interest payments are not well covered by earnings (2.7x net interest cover). Market cap is less than US$10m (₹791.9m market cap, or US$9.56m). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹46.48, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 54x in the Personal Products industry in India. Total returns to shareholders of 71% over the past three years. New Risk • Feb 12
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: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹1.16b market cap, or US$14.0m). Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹0.73 (vs ₹2.83 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.73 (down from ₹2.83 in 3Q 2023). Revenue: ₹940.0m (down 10% from 3Q 2023). Net income: ₹14.2m (down 74% from 3Q 2023). Profit margin: 1.5% (down from 5.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹71.77, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 55x in the Personal Products industry in India. Total returns to shareholders of 183% over the past three years. Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹1.05 (vs ₹1.81 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.05 (down from ₹1.81 in 2Q 2023). Revenue: ₹995.9m (down 16% from 2Q 2023). Net income: ₹20.4m (down 42% from 2Q 2023). Profit margin: 2.0% (down from 3.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Lykis Limited Announces Sachin Bhatnagar as Chief Executive Officer, Effective November 03, 2023 Lykis Limited have considered and approved the appointment of Mr. Sachin Bhatnagar as Chief Executive Officer (CEO) of the Company with immediate effect. Mr. Sachin Bhatnagar is appointed as Chief Executive Officer (CEO) effective November 03, 2023. This is an important addition to Company's management team and in line with the strategic plans that the Company had envisaged. Date of appointment:- Immediate effect from November 03, 2023 Mr. Sachin Bhatnagar holds a Bachelor degree in Mechanical Engineering from Ran Durgavati Vishwavidyalaya, Jabalpur and has completed post - graduation diploma in human resource management from Indira Gandhi National Open University. Mr. Sachin Bhatnagar has over 2.5 decades of experience in sales and marketing. Before joining us, he was associated with Kangaro Group of Companies, Ludhiana, where he was working as a Vice president. He was earlier associated with Reynders Labels as Country Head & Vice President, Sales. He was directly involved in the development and creation of new accounts as well as general management of the company. New Risk • Oct 26
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 7.6% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹1.27b market cap, or US$15.3m). 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 ₹70.13, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 58x in the Personal Products industry in India. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹74.99, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 58x in the Personal Products industry in India. Total returns to shareholders of 223% over the past three years. Announcement • Jul 26
Lykis Limited to Report Q1, 2024 Results on Aug 02, 2023 Lykis Limited announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • Jul 08
Full year 2023 earnings released: EPS: ₹8.12 (vs ₹1.25 in FY 2022) Full year 2023 results: EPS: ₹8.12 (up from ₹1.25 in FY 2022). Revenue: ₹4.57b (up 39% from FY 2022). Net income: ₹157.3m (up ₹133.2m from FY 2022). Profit margin: 3.4% (up from 0.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹82.50, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 60x in the Personal Products industry in India. Total returns to shareholders of 348% over the past three years. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹104, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 60x in the Personal Products industry in India. Total returns to shareholders of 552% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹94.42, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 49x in the Personal Products industry in India. Total returns to shareholders of 583% over the past three years. Announcement • May 19
Lykis Limited, Annual General Meeting, Aug 02, 2023 Lykis Limited, Annual General Meeting, Aug 02, 2023, at 11:00 Indian Standard Time. Announcement • May 16
Lykis Limited Announces Resignation of Neha Gada as Independent Director, Effective from May 18, 2023 Lykis Limited announced the resignation of Neha Gada as Independent Director of the company with effect from close of business hours on 18th May, 2023. Announcement • May 13
Lykis Limited to Report Fiscal Year 2023 Results on May 18, 2023 Lykis Limited announced that they will report fiscal year 2023 results on May 18, 2023 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹66.45, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 52x in the Personal Products industry in India. Total returns to shareholders of 346% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹75.30, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 54x in the Personal Products industry in India. Total returns to shareholders of 322% over the past three years. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹56.10, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 55x in the Personal Products industry in India. Total returns to shareholders of 195% over the past three years. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: ₹2.83 (vs ₹1.61 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹2.83 (up from ₹1.61 loss in 3Q 2022). Revenue: ₹1.05b (up 35% from 3Q 2022). Net income: ₹54.8m (up ₹86.9m from 3Q 2022). Profit margin: 5.2% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Jan 24
Lykis Limited to Report Q3, 2023 Results on Jan 30, 2023 Lykis Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Jan 30, 2023 Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 21% share price gain to ₹47.80, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 53x in the Personal Products industry in India. Total returns to shareholders of 123% over the past three years. Reported Earnings • Oct 22
Second quarter 2023 earnings released: EPS: ₹1.81 (vs ₹0.83 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.81 (up from ₹0.83 in 2Q 2022). Revenue: ₹1.19b (up 29% from 2Q 2022). Net income: ₹35.2m (up 113% from 2Q 2022). Profit margin: 3.0% (up from 1.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Oct 14
Lykis Limited to Report First Half, 2023 Results on Oct 21, 2022 Lykis Limited announced that they will report first half, 2023 results on Oct 21, 2022 Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to ₹32.90, the stock trades at a trailing P/E ratio of 75x. Average trailing P/E is 60x in the Personal Products industry in India. Total returns to shareholders of 48% over the past three years. Announcement • Jul 31
Lykis Limited to Report Q1, 2023 Results on Aug 08, 2022 Lykis Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Reported Earnings • Jul 20
Full year 2022 earnings released: EPS: ₹1.25 (vs ₹1.24 loss in FY 2021) Full year 2022 results: EPS: ₹1.25 (up from ₹1.24 loss in FY 2021). Revenue: ₹3.29b (up 420% from FY 2021). Net income: ₹24.2m (up ₹48.3m from FY 2021). Profit margin: 0.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹24.35, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 43x in the Personal Products industry in India. Total returns to shareholders of 2.7% over the past three years. Reported Earnings • Jun 04
Full year 2022 earnings released: EPS: ₹1.25 (vs ₹1.24 loss in FY 2021) Full year 2022 results: EPS: ₹1.25 (up from ₹1.24 loss in FY 2021). Revenue: ₹3.29b (up 420% from FY 2021). Net income: ₹24.2m (up ₹48.3m from FY 2021). Profit margin: 0.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Lykis Limited to Report Q4, 2022 Results on May 30, 2022 Lykis Limited announced that they will report Q4, 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 28% share price gain to ₹36.65, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 44x in the Personal Products industry in India. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹31.30, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 47x in the Personal Products industry in India. Total returns to shareholders of 31% over the past three years. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹1.61 loss per share (down from ₹1.06 loss in 3Q 2021). Revenue: ₹807.0m (up ₹710.2m from 3Q 2021). Net loss: ₹32.1m (loss widened 56% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 71% 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
Lykis Limited to Report Q3, 2022 Results on Feb 07, 2022 Lykis Limited announced that they will report Q3, 2022 results on Feb 07, 2022 Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₹38.95, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 47x in the Personal Products industry in India. Total returns to shareholders of 71% over the past three years.