Reported Earnings • May 11
Full year 2026 earnings released: EPS: ₹26.50 (vs ₹17.78 in FY 2025) Full year 2026 results: EPS: ₹26.50 (up from ₹17.78 in FY 2025). Revenue: ₹6.85b (up 13% from FY 2025). Net income: ₹290.0m (up 49% from FY 2025). Profit margin: 4.2% (up from 3.2% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹299, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 25x in the Basic Materials industry in India. Total loss to shareholders of 19% over the past three years. Announcement • May 02
Sahyadri Industries Limited to Report Q4, 2026 Results on May 09, 2026 Sahyadri Industries Limited announced that they will report Q4, 2026 results at 9:15 AM, Indian Standard Time on May 09, 2026 Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹4.54 (vs ₹0.70 in 3Q 2025) Third quarter 2026 results: EPS: ₹4.54 (up from ₹0.70 in 3Q 2025). Revenue: ₹1.46b (up 12% from 3Q 2025). Net income: ₹49.7m (up ₹42.1m from 3Q 2025). Profit margin: 3.4% (up from 0.6% in 3Q 2025). 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 only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jan 30
Sahyadri Industries Limited to Report Q3, 2026 Results on Feb 07, 2026 Sahyadri Industries Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 07, 2026 Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: ₹2.48 (vs ₹1.76 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.48 (up from ₹1.76 in 2Q 2025). Revenue: ₹1.26b (up 19% from 2Q 2025). Net income: ₹27.1m (up 40% from 2Q 2025). Profit margin: 2.1% (up from 1.8% 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 34% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Oct 19
Sahyadri Industries Limited to Report Q2, 2026 Results on Oct 31, 2025 Sahyadri Industries Limited announced that they will report Q2, 2026 results on Oct 31, 2025 Buy Or Sell Opportunity • Sep 01
Now 29% overvalued Over the last 90 days, the stock has fallen 12% to ₹255. The fair value is estimated to be ₹197, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 38%. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹236, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 32x in the Basic Materials industry in India. Total loss to shareholders of 45% over the past three years. Announcement • Aug 02
Sahyadri Industries Limited to Report Q1, 2026 Results on Aug 08, 2025 Sahyadri Industries Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Declared Dividend • Jul 31
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 15th August 2025 Payment date: 16th September 2025 Dividend yield will be 0.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 94% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.5% EPS decline seen over the last 5 years. Reported Earnings • Jul 30
Full year 2025 earnings released: EPS: ₹17.78 (vs ₹24.09 in FY 2024) Full year 2025 results: EPS: ₹17.78 (down from ₹24.09 in FY 2024). Revenue: ₹6.05b (down 4.6% from FY 2024). Net income: ₹194.6m (down 26% from FY 2024). Profit margin: 3.2% (down from 4.2% 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 41% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Jul 28
Sahyadri Industries Limited, Annual General Meeting, Aug 22, 2025 Sahyadri Industries Limited, Annual General Meeting, Aug 22, 2025, at 15:30 Indian Standard Time. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹17.78 (vs ₹24.09 in FY 2024) Full year 2025 results: EPS: ₹17.78 (down from ₹24.09 in FY 2024). Revenue: ₹6.09b (down 4.0% from FY 2024). Net income: ₹194.6m (down 26% from FY 2024). Profit margin: 3.2% (down from 4.2% 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 41% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • May 01
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 8.6% 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 Earnings have declined by 12% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹2.89b market cap, or US$34.2m). Announcement • May 01
Sahyadri Industries Limited to Report Q4, 2025 Results on May 22, 2025 Sahyadri Industries Limited announced that they will report Q4, 2025 results on May 22, 2025 Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹254, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 32x in the Basic Materials industry in India. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹242, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 33x in the Basic Materials industry in India. Total loss to shareholders of 52% over the past three years. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹0.70 (vs ₹2.90 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.70 (down from ₹2.90 in 3Q 2024). Revenue: ₹1.32b (down 2.5% from 3Q 2024). Net income: ₹7.60m (down 76% from 3Q 2024). Profit margin: 0.6% (down from 2.3% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Jan 24
Sahyadri Industries Limited to Report Q3, 2025 Results on Feb 06, 2025 Sahyadri Industries Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹1.76 (vs ₹3.47 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.76 (down from ₹3.47 in 2Q 2024). Revenue: ₹1.07b (down 11% from 2Q 2024). Net income: ₹19.3m (down 49% from 2Q 2024). Profit margin: 1.8% (down from 3.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Oct 17
Sahyadri Industries Limited to Report Q2, 2025 Results on Nov 08, 2024 Sahyadri Industries Limited announced that they will report Q2, 2025 results on Nov 08, 2024 New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings have declined by 3.7% 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 Risk Earnings have declined by 3.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹4.12b market cap, or US$49.1m). Board Change • Aug 01
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. 5 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Ankem Sri Mohan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 29
Sahyadri Industries Limited to Report Q1, 2025 Results on Aug 07, 2024 Sahyadri Industries Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • Jul 22
Full year 2024 earnings released: EPS: ₹24.09 (vs ₹33.90 in FY 2023) Full year 2024 results: EPS: ₹24.09 (down from ₹33.90 in FY 2023). Revenue: ₹6.34b (up 6.8% from FY 2023). Net income: ₹263.7m (down 29% from FY 2023). Profit margin: 4.2% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Jul 15
Sahyadri Industries Limited, Annual General Meeting, Aug 09, 2024 Sahyadri Industries Limited, Annual General Meeting, Aug 09, 2024, at 15:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹430, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 30x in the Basic Materials industry in India. Total loss to shareholders of 14% over the past three years. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹24.09 (vs ₹33.90 in FY 2023) Full year 2024 results: EPS: ₹24.09 (down from ₹33.90 in FY 2023). Revenue: ₹6.38b (up 7.5% from FY 2023). Net income: ₹263.7m (down 29% from FY 2023). Profit margin: 4.1% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% 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 • May 26
Sahyadri Industries Limited Recommends Final Dividend for Financial Year 2023-24 Sahyadri Industries Limited has recommended Final Dividend of INR 1 per Equity Share of INR 10 each for Financial Year 2023-24. This Final Dividend is subject to the approval of Members at the upcoming 30th Annual General Meeting. The Book Closure and Record date for the purpose of payment of Final Dividend for the Financial Year 2023-24 will be determined later and will be informed separately. Announcement • May 16
Sahyadri Industries Limited to Report Q4, 2024 Results on May 25, 2024 Sahyadri Industries Limited announced that they will report Q4, 2024 results at 12:15 PM, Indian Standard Time on May 25, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: ₹2.92 (vs ₹4.32 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.92 (down from ₹4.32 in 3Q 2023). Revenue: ₹1.38b (up 12% from 3Q 2023). Net income: ₹31.9m (down 33% from 3Q 2023). Profit margin: 2.3% (down from 3.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Feb 03
Sahyadri Industries Limited to Report Q3, 2024 Results on Feb 10, 2024 Sahyadri Industries Limited announced that they will report Q3, 2024 results on Feb 10, 2024 Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: ₹3.47 (vs ₹5.33 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.47 (down from ₹5.33 in 2Q 2023). Revenue: ₹1.21b (up 7.1% from 2Q 2023). Net income: ₹37.9m (down 35% from 2Q 2023). Profit margin: 3.1% (down from 5.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Aug 10
Sahyadri Industries Limited Declares Final Dividend for the Financial Year Ended 31 March 2023 Sahyadri Industries Limited at its 29th annual general meeting held on August 09, 2023, confirm the payment of the Interim Dividend of INR 2.5 per equity share and declared a Final Dividend of INR 1.5 per equity share for the Financial Year ended on 31 March 2023. Announcement • Jul 29
Sahyadri Industries Limited to Report Q1, 2024 Results on Aug 05, 2023 Sahyadri Industries Limited announced that they will report Q1, 2024 results on Aug 05, 2023 Upcoming Dividend • Jul 26
Upcoming dividend of ₹1.50 per share at 0.7% yield Eligible shareholders must have bought the stock before 02 August 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 22
Full year 2023 earnings released: EPS: ₹33.90 (vs ₹56.48 in FY 2022) Full year 2023 results: EPS: ₹33.90 (down from ₹56.48 in FY 2022). Revenue: ₹5.94b (up 9.5% from FY 2022). Net income: ₹371.1m (down 40% from FY 2022). Profit margin: 6.2% (down from 11% 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 1% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹433, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 35x in the Basic Materials industry in India. Total returns to shareholders of 165% over the past three years. Announcement • Jul 15
Sahyadri Industries Limited, Annual General Meeting, Aug 09, 2023 Sahyadri Industries Limited, Annual General Meeting, Aug 09, 2023, at 16:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹392, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 32x in the Basic Materials industry in India. Total returns to shareholders of 244% over the past three years. Reported Earnings • May 25
Full year 2023 earnings released: EPS: ₹33.90 (vs ₹62.85 in FY 2022) Full year 2023 results: EPS: ₹33.90 (down from ₹62.85 in FY 2022). Revenue: ₹5.97b (up 10% from FY 2022). Net income: ₹371.1m (down 38% from FY 2022). Profit margin: 6.2% (down from 11% 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 2% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 24
Sahyadri Industries Limited Recommends Final Dividend for Financial Year 2022-2023 Sahyadri Industries Limited announced that at the board meeting held on May 23, 2023 the Board has recommended the Final Dividend of INR 1.5 per Equity share of INR 10 each for Financial Year 2022-2023. This Final Dividend is subject to the approval of members at the upcoming 29 Annual General Meeting. Book Closure for the purpose of payment of Final Dividend for the Financial Year 2022-2023 will be determined later. Announcement • May 17
Sahyadri Industries Limited to Report Q4, 2023 Results on May 23, 2023 Sahyadri Industries Limited announced that they will report Q4, 2023 results on May 23, 2023 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹357, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 22x in the Basic Materials industry in India. Total returns to shareholders of 458% over the past three years. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹4.32 (vs ₹7.66 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.32 (down from ₹7.66 in 3Q 2022). Revenue: ₹1.24b (up 12% from 3Q 2022). Net income: ₹47.3m (down 35% from 3Q 2022). Profit margin: 3.8% (down from 6.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% 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 • Jan 24
Sahyadri Industries Limited to Report Q3, 2023 Results on Feb 04, 2023 Sahyadri Industries Limited announced that they will report Q3, 2023 results on Feb 04, 2023 Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Ankem Sri Mohan was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: ₹5.33 (vs ₹12.38 in 2Q 2022) Second quarter 2023 results: EPS: ₹5.33 (down from ₹12.38 in 2Q 2022). Revenue: ₹1.15b (up 9.8% from 2Q 2022). Net income: ₹58.3m (down 51% from 2Q 2022). Profit margin: 5.1% (down from 11% 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 23% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 22
Sahyadri Industries Limited to Report Q2, 2023 Results on Nov 01, 2022 Sahyadri Industries Limited announced that they will report Q2, 2023 results on Nov 01, 2022 Announcement • Jul 28
Sahyadri Industries Limited to Report Q1, 2023 Results on Aug 02, 2022 Sahyadri Industries Limited announced that they will report Q1, 2023 results on Aug 02, 2022 Upcoming Dividend • Jul 21
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 04 September 2022. Payout ratio is a comfortable 9.5% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (1.0%). Reported Earnings • Jul 15
Full year 2022 earnings released: EPS: ₹62.85 (vs ₹64.52 in FY 2021) Full year 2022 results: EPS: ₹62.85 (down from ₹64.52 in FY 2021). Revenue: ₹5.42b (up 15% from FY 2021). Net income: ₹600.9m (down 2.6% from FY 2021). Profit margin: 11% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 39% per year. Announcement • Jul 14
Sahyadri Industries Limited, Annual General Meeting, Aug 05, 2022 Sahyadri Industries Limited, Annual General Meeting, Aug 05, 2022, at 15:30 Indian Standard Time. Agenda: TO receive, consider and adopt the audited financial statements of the company for the financial year ended on 31st March, 2022 together with the report of the auditors' and board of directors; to appoint Mr. Tuljaram Maheshwari as a director of the company; to confirm the payment of the interim dividend; to ratify remuneration payable to the cost auditor, Mr. Narhar K. Nimkar, for the financial year 2022- 23; to re-appointment adv. Shrikant Malegoankar ( as an independent director for second term; to consider and approve alteration in terms and conditions of appointment of Mr. Jayesh Patel, chairman and whole time director; to consider and approve alteration in terms and conditions of appointment of Mr. Satyen Patel, managing director; and to transact other matters. Announcement • Jun 28
Sahyadri Industries Limited Announces Management Changes Sahyadri Industries Limited announced that Mr. Manojkumar Kamble will be deputed as Compliance Officer of the company due to the resignation of Mr. Shrikant Joshi, Company Secretary and Compliance Officer of the company with effect from close of business hours on 27 June 2022 due to personal reasons. The date of appointment is June 27, 2022. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹421, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 16x in the Basic Materials industry in India. Total returns to shareholders of 142% over the past three years. Reported Earnings • May 20
Full year 2022 earnings released: EPS: ₹62.84 (vs ₹64.52 in FY 2021) Full year 2022 results: EPS: ₹62.84 (down from ₹64.52 in FY 2021). Revenue: ₹5.46b (up 16% from FY 2021). Net income: ₹600.9m (down 2.6% from FY 2021). Profit margin: 11% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 39% per year. Announcement • May 19
Sahyadri Industries Limited Recommends Final Dividend for the Financial Year 2021-2022 Sahyadri Industries Limited has recommended the Final Dividend of INR 3 per Equity share of INR 10 each for Financial Year 2021-22. This Final Dividend is subject to the approval of members at the ensuing 28th Annual General Meeting. Book Closure for the purpose of payment of Final Dividend for the Financial Year 2021-22 will be determined later. Announcement • May 14
Sahyadri Industries Limited to Report Q4, 2022 Results on May 18, 2022 Sahyadri Industries Limited announced that they will report Q4, 2022 results on May 18, 2022 Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Ankem Sri Mohan was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹539, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 16x in the Basic Materials industry in India. Total returns to shareholders of 221% over the past three years. Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹7.66 (down from ₹9.45 in 3Q 2021). Revenue: ₹1.11b (up 11% from 3Q 2021). Net income: ₹73.2m (down 19% from 3Q 2021). Profit margin: 6.6% (down from 9.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 28
Sahyadri Industries Limited to Report Q3, 2022 Results on Feb 03, 2022 Sahyadri Industries Limited announced that they will report Q3, 2022 results on Feb 03, 2022 Board Change • Jan 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Ankem Sri Mohan was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹557, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 17x in the Basic Materials industry in India. Total returns to shareholders of 193% over the past three years. Reported Earnings • Oct 24
Second quarter 2022 earnings released: EPS ₹12.38 (vs ₹12.68 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹1.06b (up 16% from 2Q 2021). Net income: ₹118.4m (down 2.3% from 2Q 2021). Profit margin: 11% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Oct 07
Non-Executive Independent Director Sarita Kotasthane has left the company On the 30th of September, Sarita Kotasthane's tenure as Non-Executive Independent Director ended after 6.7 years in the role. We don't have any record of a personal shareholding under Sarita's name. A total of 3 executives have left over the last 12 months. Upcoming Dividend • Sep 01
Upcoming dividend of ₹3.50 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 16 October 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹826, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 20x in the Basic Materials industry in India. Total returns to shareholders of 276% over the past three years. Reported Earnings • Jul 23
First quarter 2022 earnings released: EPS ₹34.08 (vs ₹24.67 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: ₹1.96b (up 31% from 1Q 2021). Net income: ₹325.9m (up 38% from 1Q 2021). Profit margin: 17% (in line with 1Q 2021). 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 47% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₹509, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 19x in the Basic Materials industry in India. Total returns to shareholders of 114% over the past three years. Reported Earnings • May 29
Full year 2021 earnings released: EPS ₹64.52 (vs ₹27.79 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹4.78b (up 65% from FY 2020). Net income: ₹616.9m (up 132% from FY 2020). Profit margin: 13% (up from 9.2% in FY 2020). 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 20% per year. Announcement • May 27
Sahyadri Industries Limited Recommends Final Dividend for Financial Year 2020-2021 The board of Sahyadri Industries Limited announced that at its board meeting held on May 26, 2021, has recommended final dividend of INR 3.5 per equity share of INR 10 each for financial year 2020-2021. The dividend is subject to approval of members at the upcoming AGM. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 24% share price gain to ₹377, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 17x in the Basic Materials industry in India. Total returns to shareholders of 27% over the past three years. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS ₹9.45 (vs ₹3.46 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.00b (up 65% from 3Q 2020). Net income: ₹90.3m (up 173% from 3Q 2020). Profit margin: 9.0% (up from 5.4% in 3Q 2020). 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 but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 02
New 90-day high: ₹346 The company is up 59% from its price of ₹218 on 04 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 20% over the same period. Announcement • Jan 26
Sahyadri Industries Limited to Report Q3, 2021 Results on Feb 03, 2021 Sahyadri Industries Limited announced that they will report Q3, 2021 results on Feb 03, 2021 Is New 90 Day High Low • Jan 04
New 90-day high: ₹328 The company is up 55% from its price of ₹211 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 24% over the same period. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₹320, the stock is trading at a trailing P/E ratio of 7x, up from the previous P/E ratio of 5.9x. This compares to an average P/E of 18x in the Basic Materials industry in India. Total returns to shareholders over the past three years are 36%. Is New 90 Day High Low • Dec 18
New 90-day high: ₹320 The company is up 53% from its price of ₹210 on 18 September 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 24% over the same period. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 20% share price gain to ₹278, the stock is trading at a trailing P/E ratio of 6.1x, up from the previous P/E ratio of 5.1x. This compares to an average P/E of 19x in the Basic Materials industry in India. Total returns to shareholders over the past three years are 31%. Upcoming Dividend • Nov 17
Upcoming Dividend of ₹1.50 Per Share Will be paid on the 11th of December to those who are registered shareholders by the 24th of November. The trailing yield of 0.9% is below the top quartile of Indian dividend payers (2.2%), but it is higher than industry peers (0.5%). Reported Earnings • Nov 14
Second quarter 2021 earnings released: EPS ₹12.68 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹941.8m (up 88% from 2Q 2020). Net income: ₹121.2m (up 249% from 2Q 2020). Profit margin: 13% (up from 6.9% in 2Q 2020). The increase in margin was driven by higher revenue. Announcement • Nov 12
Sahyadri Industries Limited Appoints Shrikant Prakash Joshi Secretary and Compliance Officer Sahyadri Industries Limited at its Board of Directors in their meeting held on 11th November 2020 has appointed Mr. Shrikant Prakash Joshi as Company Secretary an d Compliance Officer of the Company with effect from 2 November 2020. Is New 90 Day High Low • Nov 12
New 90-day high: ₹241 The company is up 15% from its price of ₹210 on 14 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 17% over the same period. Announcement • Nov 04
Sahyadri Industries Limited to Report Q2, 2021 Results on Nov 11, 2020 Sahyadri Industries Limited announced that they will report Q2, 2021 results on Nov 11, 2020 Announcement • Oct 18
Sahyadri Industries Limited Announces Executive Changes Sahyadri Industries Limited announced that Mr. Prasad Zinjurde has resigned from the post of company secretary and compliance officer of the company and he is relieved from the said position with effect from the closing hours of 17th October, 2020. Further informed that, Ms. Sujata Budhkar AVP (Accounts) has been designated as Compliance Officer of the company. Announcement • Oct 10
Sahyadri Industries Limited Approves Management Changes Sahyadri Industries Limited at board meeting held on October 08, 2020 approved resignation of Mr. Vallabhbhai Laljibhai Patel from the post of Executive (Whole time) Director and Chairman of the Company, effective from 08th October 2020. The company also approved appointment of Mr. Jayesh Patel as an Executive Chairman and Whole time Director effective from 08th October 2020. He has more than 20 years of rich and dedicated Business Management experience in the field of building material manufacturing. Mr. Jayesh Patel is promoter and cousin of Mr. Satyen Patel, Managing Director of the Company; appointment of Mr. Tuljaram Maheshwari as an Additional (Executive Whole time) Director. He has a varied and rich experience of 38 years with large organizations in the field of strategic planning, general administration, corporate finance, accounts and audit, sales and marketing operations, joint ventures, mergers and acquisitions etc. Presently Mr. Tuljaram Maheshwari is serving as CEO & CFO of the Company. After this appointment Mr. Maheshwari has become Additional (Whole time) director, CEO and CFO of the Company. Mr. Tuljaram Maheshwari is not debarred from holding the office of director by virtue of any SEBI order or as per Companies Act 2013 or any other such authority and is not related to promoter of the Company; appointment of Mr. Suresh U Joshi as an Additional (Executive Whole time) Director. Mr. S.U. Joshi has rich experience of 40 years in the field of taxation, Corporate Legal matters, corporate finance, accounts and audit, joint ventures, mergers and acquisitions etc. Mr. Suresh Joshi is not debarred from holding the office of director by virtue of any SEBI order or as per Companies Act 2013 or any other such authority and is not related to promoter of the Company and appointment of Mr. Vijay I Bhatia as an Additional (Independent) Director. Mr. V.I. Bhatia He has over 30 years of experience in the field of taxation, risk management, international tax planning, business structuring and off shore fund structuring. Mr. Vijay I Bhatia is not debarred from holding the office of director by virtue of any SEBI order or as per Companies Act 2013 or any other such authority and is not related to promoter of the Company. Announcement • Oct 01
Sahyadri Industries Limited Announces Board Changes Sahyadri Industries Limited announced the appointment of Mr. Srinivas Laljibhai Patel as a Director and as Chairman and whole time Director. The company also appointed Mr. Ved Prakash Saxena as an Independent Director. Announcement • Aug 13
Sahyadri Industries Limited Announces Resumption of Activities Sahyadri Industries Limited announced that On getting some relaxation in lock down company has resumed its activities,It has taken all necessary steps.to adhere the guidelines for social distancing provided by Ministry of Home affairs along with various directives issr-recl by relevant Government Authorities and has put in place safety measures keeping in mind safety health and well being of the employees and other stakeholders of all the locations. Announcement • Jul 26
Sahyadri Industries Limited to Report Q1, 2021 Results on Jul 30, 2020 Sahyadri Industries Limited announced that they will report Q1, 2021 results on Jul 30, 2020 
