New Risk • Jul 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Jul 04
Full year 2026 earnings released: EPS: ₹26.00 (vs ₹60.44 in FY 2025) Full year 2026 results: EPS: ₹26.00 (down from ₹60.44 in FY 2025). Revenue: ₹5.74b (down 39% from FY 2025). Net income: ₹806.1m (down 57% from FY 2025). Profit margin: 14% (down from 20% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,019, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 30x in the Basic Materials industry in India. Total returns to shareholders of 174% over the past three years. New Risk • Jun 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk High level of debt (42% net debt to equity). Announcement • May 29
Pokarna Limited announces Annual dividend, payable on August 26, 2026 Pokarna Limited announced Annual dividend of INR 0.6000 per share payable on August 26, 2026, ex-date on July 20, 2026 and record date on July 20, 2026. New Risk • May 29
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹26.00 (vs ₹60.44 in FY 2025) Full year 2026 results: EPS: ₹26.00 (down from ₹60.44 in FY 2025). Revenue: ₹5.94b (down 36% from FY 2025). Net income: ₹806.1m (down 57% from FY 2025). Profit margin: 14% (down from 20% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 28
Pokarna Limited, Annual General Meeting, Jul 27, 2026 Pokarna Limited, Annual General Meeting, Jul 27, 2026, at 11:00 Indian Standard Time. Announcement • May 18
Pokarna Limited to Report Q4, 2026 Results on May 28, 2026 Pokarna Limited announced that they will report Q4, 2026 results on May 28, 2026 Buy Or Sell Opportunity • Apr 08
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to ₹922. The fair value is estimated to be ₹752, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 33%. Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: ₹6.57 (vs ₹16.29 in 3Q 2025) Third quarter 2026 results: EPS: ₹6.57 (down from ₹16.29 in 3Q 2025). Revenue: ₹1.42b (down 36% from 3Q 2025). Net income: ₹203.7m (down 60% from 3Q 2025). Profit margin: 14% (down from 23% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 03
Now 36% overvalued Over the last 90 days, the stock has fallen 3.0% to ₹870. The fair value is estimated to be ₹639, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 33%. Announcement • Jan 22
Pokarna Limited to Report Q3, 2026 Results on Feb 04, 2026 Pokarna Limited announced that they will report Q3, 2026 results on Feb 04, 2026 Buy Or Sell Opportunity • Jan 12
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 7.9% to ₹777. The fair value is estimated to be ₹632, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 33%. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹2.04 (vs ₹14.47 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.04 (down from ₹14.47 in 2Q 2025). Revenue: ₹1.26b (down 50% from 2Q 2025). Net income: ₹63.3m (down 86% from 2Q 2025). Profit margin: 5.0% (down from 18% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% 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 28
Pokarna Limited to Report Q2, 2026 Results on Nov 12, 2025 Pokarna Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹894, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 35x in the Basic Materials industry in India. Total returns to shareholders of 104% over the past three years. 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 7.0% 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. This is currently the only risk that has been identified for the company. Announcement • Sep 10
Pokarna Limited Approves Appointment of Gautam Damodar Sawang as an Independent Director Pokarna Limited at its AGM held on September 10, 2025 approved Appointment of Mr. Gautam Damodar Sawang as an Independent Director of the Company as a Special resolution. Upcoming Dividend • Aug 27
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 03 September 2025. Payment date: 10 October 2025. Payout ratio is a comfortable 1.0% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.5%). Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: ₹9.13 (vs ₹10.66 in 1Q 2025) First quarter 2026 results: EPS: ₹9.13 (down from ₹10.66 in 1Q 2025). Revenue: ₹1.74b (down 9.8% from 1Q 2025). Net income: ₹282.9m (down 14% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Pokarna Limited, Annual General Meeting, Sep 10, 2025 Pokarna Limited, Annual General Meeting, Sep 10, 2025, at 11:00 Indian Standard Time. Announcement • Jul 16
Pokarna Limited to Report Q1, 2026 Results on Jul 30, 2025 Pokarna Limited announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹60.43 (vs ₹29.47 in FY 2024) Full year 2025 results: EPS: ₹60.43 (up from ₹29.47 in FY 2024). Revenue: ₹9.51b (up 38% from FY 2024). Net income: ₹1.87b (up 105% from FY 2024). Profit margin: 20% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year. Announcement • May 16
Pokarna Limited to Report Fiscal Year 2025 Results on May 29, 2025 Pokarna Limited announced that they will report fiscal year 2025 results on May 29, 2025 Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹966, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 32x in the Basic Materials industry in India. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ₹951, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 31x in the Basic Materials industry in India. Total returns to shareholders of 30% over the past three years. New Risk • Jan 31
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 9.7% 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 Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk High level of debt (47% net debt to equity). Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: ₹16.29 (vs ₹6.85 in 3Q 2024) Third quarter 2025 results: EPS: ₹16.29 (up from ₹6.85 in 3Q 2024). Revenue: ₹2.34b (up 42% from 3Q 2024). Net income: ₹505.0m (up 138% from 3Q 2024). Profit margin: 22% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1,101, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 38x in the Basic Materials industry in India. Total returns to shareholders of 44% over the past three years. Announcement • Jan 21
Pokarna Limited to Report Q3, 2025 Results on Jan 30, 2025 Pokarna Limited announced that they will report Q3, 2025 results on Jan 30, 2025 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,350, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 37x in the Basic Materials industry in India. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹1,222, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 39x in the Basic Materials industry in India. Total returns to shareholders of 102% over the past three years. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹14.47 (vs ₹10.55 in 2Q 2024) Second quarter 2025 results: EPS: ₹14.47 (up from ₹10.55 in 2Q 2024). Revenue: ₹2.53b (up 27% from 2Q 2024). Net income: ₹448.8m (up 37% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Announcement • Oct 31
Pokarna Limited to Report Q2, 2025 Results on Nov 12, 2024 Pokarna Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Upcoming Dividend • Sep 16
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 23 September 2024. Payment date: 30 October 2024. Payout ratio is a comfortable 2.0% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.5%). Announcement • Sep 06
Pokarna Limited Proposes Dividend for the Financial Year Ended 31 March 2024, Payable After 30 September 2024 Pokarna Limited at its AGM to be held on 30 September 2024, proposed a dividend at the rate of INR 0.60 per equity share of INR 2 each fully paid-up of the Company, as recommended by the Board of Directors, be and is hereby declared for the financial year ended 31 March 2024. Record date for Dividend is 23 September 2024. Dividend payment date is after 30 September 2024. Declared Dividend • Aug 15
Dividend of ₹0.60 announced Dividend of ₹0.60 is the same as last year. Ex-date: 23rd September 2024 Payment date: 30th October 2024 Dividend yield will be 0.06%, which is lower than the industry average of 0.4%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 1%. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹10.66 (vs ₹5.78 in 1Q 2024) First quarter 2025 results: EPS: ₹10.66 (up from ₹5.78 in 1Q 2024). Revenue: ₹1.97b (up 22% from 1Q 2024). Net income: ₹330.5m (up 84% from 1Q 2024). Profit margin: 17% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Pokarna Limited to Report Q1, 2025 Results on Aug 13, 2024 Pokarna Limited announced that they will report Q1, 2025 results on Aug 13, 2024 New Risk • Aug 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: Minor Risks High level of debt (52% net debt to equity). Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • Aug 01
Pokarna Limited Appoints Pratima Khandu Gulankar as Company Secretary and Compliance Officer Pokarna Limited announced that the Board of Directors has appointed Ms. Pratima Khandu Gulankar, as the Company Secretary and Compliance officer of the Company w.e.f 1st August,2024. Reason for change: Ms. Disha Jindal resigned from the post of Company Secretary and Compliance Officer of the company, due to her personal reasons. As per Regulation 6 of SEBI (LODR), Ms. Pratima Khandu Gulankar has been appointed as Company Secretary and Compliance Officer of the Company. Date of Birth is January 25, 1998. Ms. Pratima Khandu Gulankar is an Associate Member of Institute of Company Secretaries of India (Membership No. A66794). She is having Three years' experience in Company Secretarial Functions, Statutory Compliance and Corporate Governance. Announcement • Jun 24
Pokarna Limited Approves Board Appointments Pokarna Limited approved appointment of Mr. Prasanth Nandigala, Mr. Agnihotra Dakshina Murty Chavali and Mrs. Paulomi Romi Dhawan as Independent Director of the company. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹657, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 28x in the Basic Materials industry in India. Total returns to shareholders of 79% over the past three years. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹29.47 (vs ₹21.23 in FY 2023) Full year 2024 results: EPS: ₹29.47 (up from ₹21.23 in FY 2023). Revenue: ₹6.99b (down 4.0% from FY 2023). Net income: ₹913.6m (up 39% from FY 2023). Profit margin: 13% (up from 9.0% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 18% per year. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹526, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 33x in the Basic Materials industry in India. Total returns to shareholders of 65% over the past three years. Announcement • May 10
Pokarna Limited announces the Resignation of Disha Jindal as Company Secretary and Compliance Officer Pokarna Limited announced that Ms. Disha Jindal, Company Secretary & Compliance Officer of the Company has resigned from the post of Company Secretary and Key Managerial Personnel of the Company. The Company has accepted her resignation, effective May 8, 2024. Consequent to her resignation, Ms. Disha Jindal also ceases to be Compliance Officer of the Company. Announcement • May 09
Pokarna Limited to Report Q4, 2024 Results on May 16, 2024 Pokarna Limited announced that they will report Q4, 2024 results on May 16, 2024 Announcement • Mar 23
Pokarna Limited Announces Cessation of Independent Directors, Effective March 31, 2024 Pokarna Limited at its board meeting held on March 23, 2024, announced Mr. Meka Yugandhar, Mr. Vinayak Rao Juvvadi and Mr. Mahender Chand will cease to be Independent Directors of the Company upon the completion of their second term at the close of business hours on March 31, 2024. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹6.85 (vs ₹0.85 in 3Q 2023) Third quarter 2024 results: EPS: ₹6.85 (up from ₹0.85 in 3Q 2023). Revenue: ₹1.65b (up 46% from 3Q 2023). Net income: ₹212.3m (up ₹186.1m from 3Q 2023). Profit margin: 13% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 27% per year. Announcement • Jan 30
Pokarna Limited to Report Q3, 2024 Results on Feb 06, 2024 Pokarna Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 13
Second quarter 2024 earnings released: EPS: ₹10.55 (vs ₹7.74 in 2Q 2023) Second quarter 2024 results: EPS: ₹10.55 (up from ₹7.74 in 2Q 2023). Revenue: ₹2.00b (down 6.3% from 2Q 2023). Net income: ₹327.0m (up 36% from 2Q 2023). Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 25
Pokarna Limited to Report Q2, 2024 Results on Nov 08, 2023 Pokarna Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Upcoming Dividend • Sep 04
Upcoming dividend of ₹0.60 per share at 0.1% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 18 October 2023. Payout ratio is a comfortable 2.8% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.5%). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹481, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 32x in the Basic Materials industry in India. Total returns to shareholders of 230% over the past three years. Announcement • Aug 19
Pokarna Limited Proposes Dividend for the Financial Year Ended March 31, 2023 Pokarna Limited announced that at AGM to be held on September 18, 2023 the company proposed the dividend at the rate of INR 0.60 per equity share of INR 2 each fully paid-up of the Company, as recommended by the Board of Directors, be and is hereby declared for the financial year ended March 31, 2023. Announcement • Aug 10
Pokarna Limited, Annual General Meeting, Sep 18, 2023 Pokarna Limited, Annual General Meeting, Sep 18, 2023, at 11:00 Indian Standard Time. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings have declined by 0.2% 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 Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 0.2% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (8.5% net profit margin). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹5.78 (vs ₹9.19 in 1Q 2023) First quarter 2024 results: EPS: ₹5.78 (down from ₹9.19 in 1Q 2023). Revenue: ₹1.65b (down 31% from 1Q 2023). Net income: ₹179.2m (down 37% from 1Q 2023). Profit margin: 11% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 39% per year. Announcement • Aug 01
Pokarna Limited to Report Q1, 2024 Results on Aug 09, 2023 Pokarna Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹427, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 31x in the Basic Materials industry in India. Total returns to shareholders of 232% over the past three years. Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹21.23 (vs ₹25.26 in FY 2022) Full year 2023 results: EPS: ₹21.23 (down from ₹25.26 in FY 2022). Revenue: ₹7.39b (up 14% from FY 2022). Net income: ₹658.1m (down 16% from FY 2022). Profit margin: 8.9% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
Pokarna Limited to Report Q4, 2023 Results on May 25, 2023 Pokarna Limited announced that they will report Q4, 2023 results on May 25, 2023 Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹412, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 25x in the Basic Materials industry in India. Total returns to shareholders of 266% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹355, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 23x in the Basic Materials industry in India. Total returns to shareholders of 473% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹300, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 24x in the Basic Materials industry in India. Total returns to shareholders of 270% over the past three years. Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: ₹0.85 (vs ₹10.89 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.85 (down from ₹10.89 in 3Q 2022). Net income: ₹26.2m (down 92% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 22% 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 • Feb 07
Pokarna Limited to Report Q3, 2023 Results on Feb 14, 2023 Pokarna Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Recent Insider Transactions • Jan 05
Insider recently bought ₹71k worth of stock On the 29th of December, Rajini Meka bought around 188 shares on-market at roughly ₹377 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹7.6m more in shares than they have sold in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. Independent Director Jayshree Sanghani 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. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: ₹7.74 (vs ₹6.58 in 2Q 2022) Second quarter 2023 results: EPS: ₹7.74 (up from ₹6.58 in 2Q 2022). Revenue: ₹2.14b (up 44% from 2Q 2022). Net income: ₹240.1m (up 18% from 2Q 2022). Profit margin: 11% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
Pokarna Limited to Report Q2, 2023 Results on Nov 09, 2022 Pokarna Limited announced that they will report Q2, 2023 results on Nov 09, 2022 Recent Insider Transactions • Oct 02
Insider recently bought ₹574k worth of stock On the 28th of September, Ahalya Meka bought around 1k shares on-market at roughly ₹478 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹787k. Insiders have collectively bought ₹16m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 22
Insider recently bought ₹511k worth of stock On the 19th of September, Ahalya Meka bought around 1k shares on-market at roughly ₹511 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹787k. Insiders have collectively bought ₹15m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 15
Insider recently bought ₹110k worth of stock On the 8th of September, Ahalya Meka bought around 200 shares on-market at roughly ₹548 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹787k. Insiders have collectively bought ₹15m more in shares than they have sold in the last 12 months. Announcement • Sep 08
Pokarna Limited Approves Dividend Pokarna Limited approved dividend of INR 0.60 (30%) per Equity Share of the face value of INR 2 each at its annual general meeting held on 7 September 2022. Upcoming Dividend • Aug 22
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 1.8% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (0.9%). Recent Insider Transactions • Aug 18
Insider recently bought ₹576k worth of stock On the 11th of August, Ahalya Meka bought around 1k shares on-market at roughly ₹576 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹1.1m. Insiders have collectively bought ₹13m more in shares than they have sold in the last 12 months. Announcement • Aug 14
Pokarna Limited, Annual General Meeting, Sep 07, 2022 Pokarna Limited, Annual General Meeting, Sep 07, 2022, at 11:00 Indian Standard Time. Agenda: To discuss the Audited Standalone Financial Statements of the Company consisting of the Balance Sheet as at 31 March, 2022; to declare dividend on equity shares for the financial year 2021-22; and to appoint director in place of Mrs. Apurva Jain, who retires by rotation and being eligible, offers herself for re-appointment. Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: ₹9.19 (vs ₹1.30 in 1Q 2022) First quarter 2023 results: EPS: ₹9.19 (up from ₹1.30 in 1Q 2022). Revenue: ₹2.40b (up 128% from 1Q 2022). Net income: ₹284.9m (up ₹244.5m from 1Q 2022). Profit margin: 12% (up from 3.8% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 68% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₹622, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 18x in the Basic Materials industry in India. Total returns to shareholders of 372% over the past three years. Announcement • Aug 03
Pokarna Limited to Report Q1, 2023 Results on Aug 08, 2022 Pokarna Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₹518, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 16x in the Basic Materials industry in India. Total returns to shareholders of 279% over the past three years. Announcement • Jul 10
Pokarna Limited Appoints Piyush Khandelwal as Compliance Officer Pokarna Limited appointed Mr. Piyush Khandelwal as Compliance officer of the Company, effective 9 July, 2022. Mr. Piyush Khandelwal is an Associate Member of the Institute of Company Secretaries of India (holding membership no. A65318). He also holds Bachelor's Degree in Commerce from Devi Ahilya Vishwavidyalaya, Indore. He has more than 2 years of experience in Secretarial Compliance in various listed and Unlisted public Companies. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹416, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 16x in the Basic Materials industry in India. Total returns to shareholders of 177% over the past three years. Recent Insider Transactions • Jun 10
Insider recently bought ₹478k worth of stock On the 7th of June, Rajini Meka bought around 1k shares on-market at roughly ₹478 per share. In the last 3 months, they made an even bigger purchase worth ₹1.1m. Insiders have collectively bought ₹12m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 28
Insider recently bought ₹1.1m worth of stock On the 24th of May, Rajini Meka bought around 2k shares on-market at roughly ₹502 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹10m more in shares than they have sold in the last 12 months. Announcement • May 24
Pokarna Limited Announces Resignation Babita Chandrakar as Company Secretary and Compliance Officer Pokarna Limited announced that Mrs. Babita Chandrakar has resigned from the Company and would cease to act as a Company Secretary and Compliance Officer of the Company with effect from 23rd May, 2022 after the end of working hours. Reported Earnings • May 24
Full year 2022 earnings released: EPS: ₹25.25 (vs ₹9.12 in FY 2021) Full year 2022 results: EPS: ₹25.25 (up from ₹9.12 in FY 2021). Revenue: ₹6.50b (up 120% from FY 2021). Net income: ₹783.0m (up 177% from FY 2021). Profit margin: 12% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹536, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 15x in the Basic Materials industry in India. Total returns to shareholders of 235% over the past three years. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Additional Independent Director Jayshree Sanghani 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. Recent Insider Transactions • Feb 28
Insider recently bought ₹441k worth of stock On the 24th of February, Rajini Meka bought around 700 shares on-market at roughly ₹630 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹10m more in shares than they have sold in the last 12 months. Reported Earnings • Jan 30
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: ₹10.89 (up from ₹4.14 in 3Q 2021). Revenue: ₹1.92b (up 135% from 3Q 2021). Net income: ₹337.5m (up 163% from 3Q 2021). Profit margin: 18% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Recent Insider Transactions • Nov 26
Insider recently bought ₹3.4m worth of stock On the 22nd of November, Rajini Meka bought around 6k shares on-market at roughly ₹610 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹11m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 12
Insider recently bought ₹1.1m worth of stock On the 9th of November, Ahalya Meka bought around 2k shares on-market at roughly ₹649 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹4.2m more in shares than they have sold in the last 12 months. 
