Announcement • Apr 27
Bhansali Engineering Polymers Limited, Annual General Meeting, Jul 21, 2026 Bhansali Engineering Polymers Limited, Annual General Meeting, Jul 21, 2026, at 11:30 Indian Standard Time. Location: walchand hirachand hall, 4th floor, indian merchant chambers, veer nariman road, churchgate mumbai - 400020, mumbai India Reported Earnings • Apr 25
Full year 2026 earnings released: EPS: ₹7.24 (vs ₹7.23 in FY 2025) Full year 2026 results: EPS: ₹7.24 (up from ₹7.23 in FY 2025). Revenue: ₹13.1b (down 5.9% from FY 2025). Net income: ₹1.80b (flat on FY 2025). Profit margin: 14% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 18
Bhansali Engineering Polymers Limited to Report Q4, 2026 Results on Apr 24, 2026 Bhansali Engineering Polymers Limited announced that they will report Q4, 2026 results at 9:15 AM, Indian Standard Time on Apr 24, 2026 Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹1.70 (vs ₹1.64 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.70 (up from ₹1.64 in 3Q 2025). Revenue: ₹3.11b (down 10.0% from 3Q 2025). Net income: ₹422.2m (up 3.4% from 3Q 2025). Profit margin: 14% (up from 12% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Announcement • Feb 02
Bhansali Engineering Polymers Limited to Report Q3, 2026 Results on Feb 14, 2026 Bhansali Engineering Polymers Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 14, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: ₹1.63 (vs ₹1.86 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.63 (down from ₹1.86 in 2Q 2025). Revenue: ₹3.33b (down 9.3% from 2Q 2025). Net income: ₹404.5m (down 13% from 2Q 2025). Profit margin: 12% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Oct 14
Bhansali Engineering Polymers Limited to Report Q2, 2026 Results on Oct 30, 2025 Bhansali Engineering Polymers Limited announced that they will report Q2, 2026 results on Oct 30, 2025 Announcement • Sep 23
Bhansali Engineering Polymers Limited Approves Final Dividend for the Financial Year Ended March 31, 2025 Bhansali Engineering Polymers Limited in its AGM held on 20th September, 2025 approved to declare a dividend of INR 1/- each (100%) per Equity Share of INR 1/- each fully paid up for the financial year ended 31st March, 2025. Upcoming Dividend • Sep 05
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 20 October 2025. Payout ratio is a comfortable 58% and the cash payout ratio is 97%. Trailing yield: 3.8%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹1.84 (vs ₹2.14 in 1Q 2025) First quarter 2026 results: EPS: ₹1.84 (down from ₹2.14 in 1Q 2025). Revenue: ₹3.19b (down 6.1% from 1Q 2025). Net income: ₹458.9m (down 14% from 1Q 2025). Profit margin: 14% (down from 16% in 1Q 2025). The decrease in margin was driven by lower revenue. 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 11% per year, which means it is well ahead of earnings. Announcement • Aug 02
Bhansali Engineering Polymers Limited to Report Q1, 2026 Results on Aug 13, 2025 Bhansali Engineering Polymers Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • Apr 27
Full year 2025 earnings released: EPS: ₹7.23 (vs ₹7.21 in FY 2024) Full year 2025 results: EPS: ₹7.23 (up from ₹7.21 in FY 2024). Revenue: ₹14.4b (up 18% from FY 2024). Net income: ₹1.80b (flat on FY 2024). Profit margin: 13% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 21
Now 20% overvalued Over the last 90 days, the stock has fallen 9.8% to ₹114. The fair value is estimated to be ₹94.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 32%. Announcement • Apr 17
Bhansali Engineering Polymers Limited to Report Q4, 2025 Results on Apr 26, 2025 Bhansali Engineering Polymers Limited announced that they will report Q4, 2025 results at 9:15 AM, Indian Standard Time on Apr 26, 2025 Buy Or Sell Opportunity • Mar 24
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to ₹113. The fair value is estimated to be ₹93.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 32%. Buy Or Sell Opportunity • Jan 29
Now 22% overvalued Over the last 90 days, the stock has fallen 10% to ₹121. The fair value is estimated to be ₹99.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 32%. Reported Earnings • Jan 17
Third quarter 2025 earnings released: EPS: ₹1.64 (vs ₹1.62 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.64 (up from ₹1.62 in 3Q 2024). Revenue: ₹3.46b (up 19% from 3Q 2024). Net income: ₹408.4m (up 1.5% from 3Q 2024). Profit margin: 12% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jan 16
Bhansali Engineering Polymers Limited Declares Third Interim Dividend for Financial Year 2024-25, Payable on or Before 29 January, 2025 Bhansali Engineering Polymers Limited informed that the Board of Directors of the Company at its meeting held on 16th January, 2025. Declared 3rd Interim Dividend of INR 1 (100%) per Equity Share (of the face value of IR 1 each) for financial year 2024-25, subject to deduction of tax at source, Fixed 22 January, 2025 as the record d ate for determining entitlements of shareholder s to receive the 3rd Interim Dividend for financial year
20 24-25. The 3rd Interim Dividend will be paid on or before 29 January, 2025. Announcement • Jan 08
Bhansali Engineering Polymers Limited to Report Q3, 2025 Results on Jan 16, 2025 Bhansali Engineering Polymers Limited announced that they will report Q3, 2025 results on Jan 16, 2025 Declared Dividend • Oct 23
Second quarter dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 31st October 2024 Payment date: 8th November 2024 Dividend yield will be 2.9%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 51% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 22
Second quarter 2025 earnings released: EPS: ₹1.86 (vs ₹1.94 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.86 (down from ₹1.94 in 2Q 2024). Revenue: ₹3.78b (up 20% from 2Q 2024). Net income: ₹463.3m (down 3.9% from 2Q 2024). Profit margin: 12% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Oct 21
Bhansali Engineering Polymers Limited Declares Second Interim Dividend, Payable on or Before November 8, 2024 Bhansali Engineering Polymers Limited at its Board of Directors meeting held on October 21, 2024, declared second Interim Dividend of INR 1 (100 %) per Equity Share for financial year 2024-25, subject to deduction of tax at source. Fixed October 31, 2024 as the record date for determining entitlements of shareholders to receive the 2nd Interim Dividend for financial year 2024-25. The 2nd Interim Dividend will be paid on or before November 8, 2024. Announcement • Oct 09
Bhansali Engineering Polymers Limited to Report Q2, 2025 Results on Oct 21, 2024 Bhansali Engineering Polymers Limited announced that they will report Q2, 2025 results on Oct 21, 2024 Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹164, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 72% over the past three years. New Risk • Aug 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% 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. Declared Dividend • Jul 17
First quarter dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 25th July 2024 Payment date: 2nd August 2024 Dividend yield will be 2.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 51% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 14
First quarter 2025 earnings released: EPS: ₹2.14 (vs ₹2.03 in 1Q 2024) First quarter 2025 results: EPS: ₹2.14 (up from ₹2.03 in 1Q 2024). Revenue: ₹3.52b (up 20% from 1Q 2024). Net income: ₹533.5m (up 5.6% from 1Q 2024). Profit margin: 15% (down from 17% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹158, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 51% over the past three years. Announcement • Jul 04
Bhansali Engineering Polymers Limited to Report Q1, 2025 Results on Jul 13, 2024 Bhansali Engineering Polymers Limited announced that they will report Q1, 2025 results on Jul 13, 2024 Upcoming Dividend • Jun 14
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 21 June 2024. Payment date: 02 July 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.7%). Buy Or Sell Opportunity • Jun 11
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to ₹99.68. The fair value is estimated to be ₹81.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 41%. Buy Or Sell Opportunity • May 14
Now 20% overvalued Over the last 90 days, the stock has fallen 3.9% to ₹97.15. The fair value is estimated to be ₹80.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 41%. Declared Dividend • Apr 24
Fourth quarter dividend of ₹1.00 announced Shareholders will receive a dividend of ₹1.00. Ex-date: 21st June 2024 Payment date: 2nd July 2024 Dividend yield will be 3.9%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 51% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 22
Bhansali Engineering Polymers Limited, Annual General Meeting, Jun 29, 2024 Bhansali Engineering Polymers Limited, Annual General Meeting, Jun 29, 2024, at 11:00 Indian Standard Time. Location: Walchand Hirachand Hall, 4th Floor Indian Merchant Chambers, Veer Nariman Road Mumbai Maharashtra India Reported Earnings • Apr 21
Full year 2024 earnings released: EPS: ₹7.21 (vs ₹5.50 in FY 2023) Full year 2024 results: EPS: ₹7.21 (up from ₹5.50 in FY 2023). Revenue: ₹12.2b (down 10% from FY 2023). Net income: ₹1.79b (up 31% from FY 2023). Profit margin: 15% (up from 10.0% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 21
Bhansali Engineering Polymers Limited Recommends a Final Dividend for the Financial Year Ended 31 March 2024 Bhansali Engineering Polymers Limited at its board of directors meeting held on April 20, 2024 recommended a final dividend of INR 1 (100 %) per Equity Share (of face value of INR 1 each) for the financial year ended 31 March 2024 subject to approval of shareholders of the Company in the upcoming 40th Annual General Meeting. The said Dividend will be paid on or before 2 July 2024. Fixed the date of closure of Register of Members and Share Transfer Books of the Company from 22 June, 2024 to 28 June, 2024 (both days inclusive) for the purpose of holding the 40th AGM a nd payment of Dividend to Equity shareholders. Members holding shares as on the closing hours of 21 June, 2024 shall be entitled for Dividend. Announcement • Apr 09
Bhansali Engineering Polymers Limited to Report Q4, 2024 Results on Apr 20, 2024 Bhansali Engineering Polymers Limited announced that they will report Q4, 2024 results on Apr 20, 2024 Reported Earnings • Jan 28
Third quarter 2024 earnings released: EPS: ₹1.62 (vs ₹1.35 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.62 (up from ₹1.35 in 3Q 2023). Revenue: ₹3.01b (down 11% from 3Q 2023). Net income: ₹402.2m (up 20% from 3Q 2023). Profit margin: 13% (up from 9.9% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jan 18
Bhansali Engineering Polymers Limited to Report Q3, 2024 Results on Jan 27, 2024 Bhansali Engineering Polymers Limited announced that they will report Q3, 2024 results on Jan 27, 2024 Reported Earnings • Oct 27
Second quarter 2024 earnings released: EPS: ₹1.94 (vs ₹1.65 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.94 (up from ₹1.65 in 2Q 2023). Revenue: ₹3.14b (down 12% from 2Q 2023). Net income: ₹482.2m (up 17% from 2Q 2023). Profit margin: 15% (up from 12% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 26
Upcoming dividend of ₹1.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 02 November 2023. Payment date: 10 November 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.7%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.9%). Announcement • Oct 23
Bhansali Engineering Polymers Limited Declares 2nd Interim Dividend for Financial Year 2023-24, Will Be Paid on or Before 10Th November, 2023 Bhansali Engineering Polymers Limited at it's board meeting declared 2nd Interim Dividend of INR 1/- (100 %) per Equity Share (of the face value of Re.1 each) for financial year 2023-24, subject to deduction of tax at source; Fixed 2nd November, 2023 as the record date for determining entitlements of shareholders to receive the 2nd Interim Dividend for financial year 2023-24. The 2nd Interim Dividend will be paid on or before 10th November, 2023. Announcement • Oct 11
Bhansali Engineering Polymers Limited to Report Q2, 2024 Results on Oct 22, 2023 Bhansali Engineering Polymers Limited announced that they will report Q2, 2024 results on Oct 22, 2023 Upcoming Dividend • Jul 19
Upcoming dividend of ₹1.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 26 July 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.2%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.9%). Announcement • Jul 14
Bhansali Engineering Polymers Limited Approves Dividend for Financial Year 2023-2024, Payable on or Before 4 August, 2023 Bhansali Engineering Polymers Limited declares 1st Interim Dividend of INR 1 (100 %) per Equity Share (of the face value of INR 1 each) for financial year 2023-24, subject to deduction of tax at source; Fixed the date of closure of Register of Members and Share Transfer Books of t the company on Wednesday, 26th July, 2023 for the purpose of payment of 1st Interim Dividend to Equity shareholders. The Interim Dividend will be paid on or before 04lh August, 2023. Reported Earnings • Jul 14
First quarter 2024 earnings released: EPS: ₹2.03 (vs ₹1.92 in 1Q 2023) First quarter 2024 results: EPS: ₹2.03 (up from ₹1.92 in 1Q 2023). Revenue: ₹3.07b (down 9.0% from 1Q 2023). Net income: ₹505.1m (up 5.8% from 1Q 2023). Profit margin: 17% (up from 14% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 06
Bhansali Engineering Polymers Limited to Report Q1, 2024 Results on Jul 13, 2023 Bhansali Engineering Polymers Limited announced that they will report Q1, 2024 results on Jul 13, 2023 Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹137, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 251% over the past three years. Upcoming Dividend • Jun 02
Upcoming dividend of ₹15.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.9%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.9%). Reported Earnings • May 22
Full year 2023 earnings released: EPS: ₹8.24 (vs ₹21.10 in FY 2022) Full year 2023 results: EPS: ₹8.24 (down from ₹21.10 in FY 2022). Revenue: ₹13.9b (flat on FY 2022). Net income: ₹1.37b (down 61% from FY 2022). Profit margin: 9.8% (down from 25% in FY 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. 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 ₹119, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 255% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹102, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 256% over the past three years. Recent Insider Transactions • Mar 30
CFO & Executive Director recently bought ₹9.2m worth of stock On the 27th of March, Jayesh Bhansali bought around 100k shares on-market at roughly ₹91.66 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. This was Jayesh's only on-market trade for the last 12 months. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: ₹2.02 (vs ₹4.56 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.02 (down from ₹4.56 in 3Q 2022). Revenue: ₹3.46b (up 1.3% from 3Q 2022). Net income: ₹335.4m (down 56% from 3Q 2022). Profit margin: 9.7% (down from 22% 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 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be ₹133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 54%. Announcement • Feb 05
Bhansali Engineering Polymers Limited to Report Q3, 2023 Results on Feb 14, 2023 Bhansali Engineering Polymers Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Buying Opportunity • Jan 20
Now 21% undervalued Over the last 90 days, the stock is up 7.0%. The fair value is estimated to be ₹145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 54%. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹126, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 170% over the past three years. 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. 1 experienced director. 5 highly experienced directors. President of Operations & Executive Director Kiran Bhansali was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 20
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 27 October 2022. Payment date: 08 November 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.7%). Reported Earnings • Oct 17
Second quarter 2023 earnings released: EPS: ₹2.48 (vs ₹7.45 in 2Q 2022) Second quarter 2023 results: EPS: ₹2.48 (down from ₹7.45 in 2Q 2022). Revenue: ₹3.66b (down 2.5% from 2Q 2022). Net income: ₹412.3m (down 67% from 2Q 2022). Profit margin: 11% (down from 33% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Board Change • Sep 25
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. 5 highly experienced directors. President of Operations & Executive Director Kiran Bhansali was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 19
First quarter 2023 earnings released: EPS: ₹2.88 (vs ₹4.66 in 1Q 2022) First quarter 2023 results: EPS: ₹2.88 (down from ₹4.66 in 1Q 2022). Revenue: ₹3.44b (up 48% from 1Q 2022). Net income: ₹477.4m (down 38% from 1Q 2022). Profit margin: 14% (down from 33% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 14
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 21 June 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 9.5% and this is well supported by cash flows. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.8%). Reported Earnings • Jun 08
Full year 2022 earnings released Full year 2022 results: Revenue: ₹13.9b (up 7.9% from FY 2021). Net income: ₹3.50b (up 4.8% from FY 2021). Profit margin: 25% (in line with FY 2021). 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. 2 experienced directors. 4 highly experienced directors. Whole Time Director . Jaivardhan 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 • Jan 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹135, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 112% over the past three years. Upcoming Dividend • Jan 20
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 27 January 2022. Payment date: 15 February 2022. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 1.3%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.7%). Reported Earnings • Jan 18
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹4.56 (down from ₹8.22 in 3Q 2021). Revenue: ₹3.48b (down 16% from 3Q 2021). Net income: ₹757.1m (down 44% from 3Q 2021). Profit margin: 22% (down from 33% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Dec 06
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. 2 experienced directors. 4 highly experienced directors. Whole Time Director . Jaivardhan 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 • Oct 13
Second quarter 2022 earnings released: EPS ₹7.45 (vs ₹2.14 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹3.78b (up 23% from 2Q 2021). Net income: ₹1.24b (up 248% from 2Q 2021). Profit margin: 33% (up from 12% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Executive Departure • Aug 26
Whole-Time Director . Jaivardhan has left the company On the 21st of August, . Jaivardhan's tenure as Whole-Time Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under Jaivardhan's name. Jaivardhan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.17 years. Reported Earnings • Jul 12
First quarter 2022 earnings released: EPS ₹4.66 (vs ₹0.08 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹2.37b (up 138% from 1Q 2021). Net income: ₹773.8m (up ₹787.7m from 1Q 2021). Profit margin: 33% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Upcoming Dividend • Jun 16
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 22 June 2021. Payment date: 25 July 2021. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.7%).