Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹25.85, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 12% over the past three years. Reported Earnings • May 20
Full year 2026 earnings released: EPS: ₹2.88 (vs ₹3.47 in FY 2025) Full year 2026 results: EPS: ₹2.88 (down from ₹3.47 in FY 2025). Revenue: ₹4.58b (flat on FY 2025). Net income: ₹301.1m (down 17% from FY 2025). Profit margin: 6.6% (down from 7.8% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹22.50, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total returns to shareholders of 40% over the past three years. Reported Earnings • Feb 04
Third quarter 2026 earnings released: EPS: ₹0.75 (vs ₹0.92 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.75 (down from ₹0.92 in 3Q 2025). Revenue: ₹1.21b (up 6.4% from 3Q 2025). Net income: ₹78.2m (down 19% from 3Q 2025). Profit margin: 6.5% (down from 8.5% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 28
Geekay Wires Limited to Report Q3, 2026 Results on Feb 02, 2026 Geekay Wires Limited announced that they will report Q3, 2026 results on Feb 02, 2026 Reported Earnings • Nov 19
Second quarter 2026 earnings released: EPS: ₹1.60 (vs ₹0.88 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.60. Revenue: ₹1.25b (flat on 2Q 2025). Net income: ₹83.5m (down 9.2% from 2Q 2025). Profit margin: 6.7% (down from 7.4% in 2Q 2025). Upcoming Dividend • Sep 12
Upcoming dividend of ₹0.65 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 26 October 2025. Payout ratio is a comfortable 9.4% and the cash payout ratio is 100%. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (2.7%). Announcement • Aug 18
Geekay Wires Limited, Annual General Meeting, Sep 26, 2025 Geekay Wires Limited, Annual General Meeting, Sep 26, 2025, at 16:00 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹1.38 (vs ₹1.92 in 1Q 2025) First quarter 2026 results: EPS: ₹1.38 (down from ₹1.92 in 1Q 2025). Revenue: ₹990.6m (up 2.0% from 1Q 2025). Net income: ₹71.9m (down 28% from 1Q 2025). Profit margin: 7.3% (down from 10% in 1Q 2025). The decrease in margin was driven by higher 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 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹80.02, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 526% over the past three years. Recent Insider Transactions • Mar 20
Chairman & MD recently bought ₹739k worth of stock On the 17th of March, Ghanshyam Dass bought around 10k shares on-market at roughly ₹76.97 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 Ghanshyam's only on-market trade for the last 12 months. New Risk • Mar 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: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹4.25b market cap, or US$48.8m). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹82.53, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 555% over the past three years. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹1.84 (vs ₹2.00 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.84 (down from ₹2.00 in 3Q 2024). Revenue: ₹1.25b (up 18% from 3Q 2024). Net income: ₹96.2m (down 8.1% from 3Q 2024). Profit margin: 7.7% (down from 9.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 05
Second quarter 2025 earnings released: EPS: ₹1.76 (vs ₹1.89 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.76 (down from ₹1.89 in 2Q 2024). Revenue: ₹1.38b (up 26% from 2Q 2024). Net income: ₹92.0m (down 6.8% from 2Q 2024). Profit margin: 6.7% (down from 9.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Sep 21
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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Significant insider selling over the past 3 months (₹55m sold). Market cap is less than US$100m (₹5.91b market cap, or US$70.8m). Recent Insider Transactions • Sep 10
Whole Time Director recently sold ₹42m worth of stock On the 4th of September, Ashish Kandoi sold around 325k shares on-market at roughly ₹129 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹52m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹121, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 654% over the past three years. Declared Dividend • Aug 22
Dividend of ₹0.60 announced Shareholders will receive a dividend of ₹0.60. Ex-date: 5th September 2024 Payment date: 12th October 2024 Dividend yield will be 0.6%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 62% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 19
Geekay Wires Limited, Annual General Meeting, Sep 12, 2024 Geekay Wires Limited, Annual General Meeting, Sep 12, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: ₹1.92 (vs ₹1.59 in 1Q 2024) First quarter 2025 results: EPS: ₹1.92 (up from ₹1.59 in 1Q 2024). Revenue: ₹1.06b (up 8.0% from 1Q 2024). Net income: ₹100.3m (up 21% from 1Q 2024). Profit margin: 9.5% (up from 8.5% 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 67% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 28
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 9.5% 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 (9.5% average weekly change). Minor Risks High level of debt (56% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹4.73b market cap, or US$56.9m). New Risk • Apr 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 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (56% net debt to equity). 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 (8.8% average weekly change). Market cap is less than US$100m (₹6.08b market cap, or US$73.0m). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹116, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 680% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹101, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 588% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹90.50, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 518% over the past three years. Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹2.00 (vs ₹1.18 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.00 (up from ₹1.18 in 3Q 2023). Revenue: ₹1.14b (up 11% from 3Q 2023). Net income: ₹104.7m (up 70% from 3Q 2023). Profit margin: 9.2% (up from 6.0% 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 71% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Bhagwan Bhankhor 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. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹114, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 682% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹90.20, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 656% over the past three years. Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: ₹9.45 (vs ₹0.62 in 2Q 2023) Second quarter 2024 results: EPS: ₹9.45 (up from ₹0.62 in 2Q 2023). Revenue: ₹1.17b (up 11% from 2Q 2023). Net income: ₹98.7m (up 205% from 2Q 2023). Profit margin: 8.5% (up from 3.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹381, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total returns to shareholders of 442% over the past three years. Upcoming Dividend • Sep 11
Upcoming dividend of ₹2.70 per share at 0.9% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 25 October 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (6.9%). Buying Opportunity • Sep 08
Now 21% undervalued Over the last 90 days, the stock is up 37%. The fair value is estimated to be ₹403, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 55%. Announcement • Sep 01
Geekay Wires Limited, Annual General Meeting, Sep 25, 2023 Geekay Wires Limited, Annual General Meeting, Sep 25, 2023, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the financial year ended 31st March, 2023 together with the Report of the Auditor's and Director's thereon; to declare the payment of final dividend for the financial year ended March 31, 2023; to appoint a Director in place of Mr. Ashish Kandoi, who retires by rotation and being eligible, offers himself for re-appointment; to ratify the remuneration of Cost Auditors for the financial year ending March 31, 2024; and to consider other matters. Buying Opportunity • Aug 07
Now 21% undervalued Over the last 90 days, the stock is up 49%. The fair value is estimated to be ₹330, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 55%. Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: ₹7.96 (vs ₹2.46 in 1Q 2023) First quarter 2024 results: EPS: ₹7.96 (up from ₹2.46 in 1Q 2023). Revenue: ₹978.0m (up 12% from 1Q 2023). Net income: ₹83.2m (up 223% from 1Q 2023). Profit margin: 8.5% (up from 2.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹303, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 280% over the past three years. Recent Insider Transactions • Jun 19
Whole Time Director recently sold ₹1.5m worth of stock On the 16th of June, Anuj Kandoi sold around 6k shares on-market at roughly ₹233 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.1m more than they bought in the last 12 months. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹23.37 (vs ₹8.61 in FY 2022) Full year 2023 results: EPS: ₹23.37 (up from ₹8.61 in FY 2022). Revenue: ₹4.20b (up 61% from FY 2022). Net income: ₹244.3m (up 171% from FY 2022). Profit margin: 5.8% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹193, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 244% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹168, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 306% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹151, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 300% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹5.89 (vs ₹1.81 in 3Q 2022) Third quarter 2023 results: EPS: ₹5.89 (up from ₹1.81 in 3Q 2022). Revenue: ₹1.03b (up 61% from 3Q 2022). Net income: ₹61.6m (up 225% from 3Q 2022). Profit margin: 6.0% (up from 3.0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹95.60, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 163% over the past three years. Recent Insider Transactions • Dec 20
Whole Time Director recently sold ₹85k worth of stock On the 16th of December, Anuj Kandoi sold around 1k shares on-market at roughly ₹77.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₹2.3m more than they sold in the last 12 months. Recent Insider Transactions • Nov 22
Whole Time Director recently bought ₹501k worth of stock On the 18th of November, Ashish Kandoi bought around 7k shares on-market at roughly ₹75.85 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 ₹2.4m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 21% share price gain to ₹67.90, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 117% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 3.5%. Within top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (5.8%). Announcement • Sep 03
Geekay Wires Limited, Annual General Meeting, Sep 30, 2022 Geekay Wires Limited, Annual General Meeting, Sep 30, 2022, at 11:00 Indian Standard Time. Agenda: To consider final dividend; to receive, consider and adopt the Standalone Audited Financial Statements of the Company for the financial year ended 31 March, 2022 together with the Report of the Auditor's and Director's thereon; to consider directorate reelections; to consider ratify the remuneration of Cost Auditors for the financial year ending March 31, 2023; and to consider other matters. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: ₹2.46 (vs ₹1.39 in 1Q 2022) First quarter 2023 results: EPS: ₹2.46 (up from ₹1.39 in 1Q 2022). Revenue: ₹959.5m (up 91% from 1Q 2022). Net income: ₹25.8m (up 77% from 1Q 2022). Profit margin: 2.7% (down from 2.9% 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 21% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 19
Insider recently bought ₹1.8m worth of stock On the 16th of June, Subhash Chander bought around 22k shares on-market at roughly ₹81.87 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹9.0m more in shares than they have sold in the last 12 months. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹8.61 (vs ₹6.03 in FY 2021) Full year 2022 results: EPS: ₹8.61 (up from ₹6.03 in FY 2021). Revenue: ₹2.72b (up 59% from FY 2021). Net income: ₹90.0m (up 43% from FY 2021). Profit margin: 3.3% (down from 3.7% 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 22% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.81 (down from ₹2.08 in 3Q 2021). Revenue: ₹639.9m (up 18% from 3Q 2021). Net income: ₹19.0m (down 13% from 3Q 2021). Profit margin: 3.0% (down from 4.0% 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 20% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 04
Second quarter 2022 earnings released: EPS ₹1.73 (vs ₹1.95 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹718.1m (up 60% from 2Q 2021). Net income: ₹18.1m (down 11% from 2Q 2021). Profit margin: 2.5% (down from 4.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 17% share price gain to ₹98.50, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 213% over the past three years. Recent Insider Transactions • Sep 27
CFO & Whole Time Director recently bought ₹244k worth of stock On the 24th of September, Ashish Kandoi bought around 3k shares on-market at roughly ₹84.65 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹2.0m. Ashish has been a buyer over the last 12 months, purchasing a net total of ₹3.9m worth in shares. Upcoming Dividend • Aug 19
Upcoming dividend of ₹2.10 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 04 October 2021. Trailing yield: 4.6%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (2.5%). Recent Insider Transactions • Aug 18
Chairman & MD recently bought ₹1.7m worth of stock On the 13th of August, Ghanshyam Dass bought around 19k shares on-market at roughly ₹87.74 per share. This was the largest purchase by an insider in the last 3 months. Ghanshyam has been a buyer over the last 12 months, purchasing a net total of ₹8.5m worth in shares. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹83.30, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 158% over the past three years. Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS ₹1.39 (vs ₹1.41 in 1Q 2021) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: ₹519.8m (up 76% from 1Q 2021). Net income: ₹14.5m (down 1.7% from 1Q 2021). Profit margin: 2.8% (down from 5.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 20% share price gain to ₹107, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 222% over the past three years. Recent Insider Transactions • Jun 30
Whole Time Director recently sold ₹227k worth of stock On the 28th of June, Anuj Kandoi sold around 2k shares on-market at roughly ₹93.05 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₹19m more than they sold in the last 12 months. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS ₹6.03 (vs ₹6.21 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: ₹1.76b (down 9.5% from FY 2020). Net income: ₹63.0m (down 2.9% from FY 2020). Profit margin: 3.6% (up from 3.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₹85.25, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 142% over the past three years. Recent Insider Transactions • Mar 30
Chairman & MD recently bought ₹499k worth of stock On the 26th of March, Ghanshyam Dass bought around 6k shares on-market at roughly ₹77.26 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹779k. Ghanshyam has been a buyer over the last 12 months, purchasing a net total of ₹7.2m worth in shares. 
