Board Change • Jul 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Sudeep Saxena was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 22
Welterman International Limited to Report Q4, 2026 Results on May 27, 2026 Welterman International Limited announced that they will report Q4, 2026 results on May 27, 2026 Board Change • Mar 11
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Sudeep Saxena was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Sudeep Saxena was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 07
Welterman International Limited to Report Q3, 2026 Results on Feb 11, 2026 Welterman International Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Board Change • Jan 30
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 Non-Executive Director Sudeep Saxena was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 26
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 Non-Executive Director Sudeep Saxena was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹5.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-₹5.8m free cash flow). Shares are highly illiquid. Negative equity (-₹125m). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹116.5m market cap, or US$1.31m). Announcement • Nov 08
Welterman International Limited to Report Q2, 2026 Results on Nov 12, 2025 Welterman International Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Board Change • Oct 31
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 Non-Executive Director Sudeep Saxena was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 14
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 Non-Executive Director Sudeep Saxena was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 01
Welterman International Limited Appoints Sudeep Saxena as Independent Non-Executive Director Welterman International Limited in its Annual General Meeting held on 30 September 2025 approved to appoint Mr. Sudeep Saxena (DIN: 09199917) as an Independent Non-Executive Director of the Company. Announcement • Sep 05
Welterman International Limited, Annual General Meeting, Sep 30, 2025 Welterman International Limited, Annual General Meeting, Sep 30, 2025, at 12:00 Indian Standard Time. Board Change • Aug 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non Executive Director Leeladhar Kotian was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Aug 06
Welterman International Limited to Report Q1, 2026 Results on Aug 12, 2025 Welterman International Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Board Change • Jul 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non Executive Director Leeladhar Kotian was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non Executive Director Leeladhar Kotian was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 21
Welterman International Limited to Report Q4, 2025 Results on May 27, 2025 Welterman International Limited announced that they will report Q4, 2025 results on May 27, 2025 Board Change • Mar 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non Executive Director Leeladhar Kotian was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non Executive Director Leeladhar Kotian was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 29
Welterman International Limited to Report Q3, 2025 Results on Feb 05, 2025 Welterman International Limited announced that they will report Q3, 2025 results on Feb 05, 2025 Board Change • Jan 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non Executive Director Leeladhar Kotian was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 02
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non Executive Director Leeladhar Kotian was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 09
Welterman International Limited to Report Q2, 2025 Results on Nov 13, 2024 Welterman International Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Board Change • Oct 14
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. 2 experienced directors. 2 highly experienced directors. CEO & Executive Director Mohammed Mansur Dhanani was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 03
Welterman International Limited, Annual General Meeting, Sep 28, 2024 Welterman International Limited, Annual General Meeting, Sep 28, 2024, at 11:30 Indian Standard Time. Announcement • Aug 03
Welterman International Limited to Report Q1, 2025 Results on Aug 12, 2024 Welterman International Limited announced that they will report Q1, 2025 results on Aug 12, 2024 New Risk • Jun 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.6% 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 (-₹7.9m free cash flow). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Negative equity (-₹122m). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹100.6m market cap, or US$1.20m). New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹7.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-₹7.9m free cash flow). Negative equity (-₹122m). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m (₹2.0m revenue, or US$24k). Market cap is less than US$10m (₹105.8m market cap, or US$1.27m). Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). Announcement • May 19
Welterman International Limited to Report Q4, 2024 Results on May 29, 2024 Welterman International Limited announced that they will report Q4, 2024 results on May 29, 2024 Buy Or Sell Opportunity • Apr 26
Now 21% overvalued Over the last 90 days, the stock has fallen 6.7% to ₹17.73. The fair value is estimated to be ₹14.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 39% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to ₹17.75. The fair value is estimated to be ₹14.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 39% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 12
Welterman International Limited Announces Change in Company Secretary and Compliance Officer Welterman International Limited announced that at the board meeting held on March 12, 2024, the company approved the resignation of Ms. Juhi Agrawal as Company Secretary and Compliance Officer, with effect from March 11, 2024. Upon the recommendation of the Nomination and Remuneration Committee, the Board of Directors has approved the appointment of Ms. Rucha Pathak as the Company Secretary and Compliance Officer of the Company with effect from March 12, 2024. Ms. Rucha Pathak is an Associate Member of the Institute of Company Secretaries of India and has experience in dealing with matters of Companies Act, Listing Regulations and allied laws. Buy Or Sell Opportunity • Feb 12
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 90% to ₹17.86. The fair value is estimated to be ₹14.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 38% over the last 3 years. Meanwhile, the company became loss making. New Risk • Feb 09
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹121m). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (₹11k revenue, or US$133). Market cap is less than US$10m (₹76.3m market cap, or US$918.7k). Announcement • Feb 02
Welterman International Limited to Report Q3, 2024 Results on Feb 08, 2024 Welterman International Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Announcement • Oct 28
Welterman International Limited to Report Q2, 2024 Results on Nov 06, 2023 Welterman International Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Announcement • Sep 02
Welterman International Limited, Annual General Meeting, Sep 28, 2023 Welterman International Limited, Annual General Meeting, Sep 28, 2023, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2023 together with the Reports of the Board of Directors' and Auditors' thereon; to appoint a Director in place of Mr. Mohammed Mansur H. Dhanani who retires by rotation and being eligible, offers himself for reappointment and to consider other matters. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.01 (vs ₹0.35 loss in 1Q 2023) First quarter 2024 results: EPS: ₹0.01 (up from ₹0.35 loss in 1Q 2023). Revenue: ₹538.0k (down 86% from 1Q 2023). Net income: ₹44.0k (up ₹1.62m from 1Q 2023). Profit margin: 8.2% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 53% per year. Announcement • Aug 04
Welterman International Limited to Report Q1, 2024 Results on Aug 11, 2023 Welterman International Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Board Change • Aug 01
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. 3 experienced directors. 1 highly experienced director. CEO & Executive Director Mohammed Mansur Dhanani was the last director to join the board, commencing their role in 2020. 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 • May 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹12.20, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 83% over the past year. Announcement • May 19
Welterman International Limited to Report Q4, 2023 Results on May 25, 2023 Welterman International Limited announced that they will report Q4, 2023 results on May 25, 2023 Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹11.44, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 21x in the Chemicals industry in India. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹10.76, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 74% over the past year. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹10.30, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 93% over the past year. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹14.40, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 377% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹0.16 loss per share (vs ₹0.18 profit in 3Q 2022) Third quarter 2023 results: ₹0.16 loss per share (down from ₹0.18 profit in 3Q 2022). Revenue: ₹509.0k (down 92% from 3Q 2022). Net loss: ₹717.0k (down 188% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 79% per year whereas the company’s share price has increased by 74% per year. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹20.50, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 579% over the past three years. Announcement • Feb 04
Welterman International Limited to Report Q3, 2023 Results on Feb 13, 2023 Welterman International Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹29.25, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 532% over the past year. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹28.25, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 541% over the past year. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹42.45, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 1,239% over the past three years. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₹61.20, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 1,831% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 27% share price gain to ₹59.35, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 1,878% over the past year. Announcement • Nov 06
Welterman International Limited to Report Q2, 2023 Results on Nov 14, 2022 Welterman International Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₹10.40, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 25x in the Trade Distributors industry in India. Total returns to shareholders of 195% over the past three years. Announcement • Sep 02
Welterman International Limited, Annual General Meeting, Sep 26, 2022 Welterman International Limited, Annual General Meeting, Sep 26, 2022, at 11:00 Indian Standard Time. Agenda: To consider audited financial statements for the year ended March 31, 2022; to consider appoint Directors; to consider appoint Statutory Auditor; and to consider other matters. Reported Earnings • Aug 14
First quarter 2023 earnings released: ₹0.35 loss per share (vs ₹0.14 profit in 1Q 2022) First quarter 2023 results: ₹0.35 loss per share (down from ₹0.14 profit in 1Q 2022). Revenue: ₹3.93m (down 37% from 1Q 2022). Net loss: ₹1.58m (down 358% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹7.71, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 20x in the Trade Distributors industry in India. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹3.24 (vs ₹0.41 loss in FY 2021) Full year 2022 results: EPS: ₹3.24 (up from ₹0.41 loss in FY 2021). Revenue: ₹37.9m (up 102% from FY 2021). Net income: ₹14.4m (up ₹16.2m from FY 2021). Profit margin: 38% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. 
