Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹178, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 16x in the Packaging industry in India. Total loss to shareholders of 21% over the past year. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹201, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 16x in the Packaging industry in India. Total loss to shareholders of 33% over the past year. New Risk • Dec 16
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 6.9% 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: Minor Risks High level of debt (75% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (₹2.42b market cap, or US$26.7m). Announcement • Nov 13
Krishca Strapping Solutions Limited to Report First Half, 2026 Results on Nov 14, 2025 Krishca Strapping Solutions Limited announced that they will report first half, 2026 results on Nov 14, 2025 New Risk • Sep 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (60% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (7.8% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (₹3.01b market cap, or US$33.9m). Announcement • Sep 08
Krishca Strapping Solutions Limited, Annual General Meeting, Sep 30, 2025 Krishca Strapping Solutions Limited, Annual General Meeting, Sep 30, 2025, at 10:00 Indian Standard Time. New Risk • Jun 09
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 8.1% 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 High level of non-cash earnings (63% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin). Market cap is less than US$100m (₹3.31b market cap, or US$38.6m). Reported Earnings • Jun 06
Full year 2025 earnings released: EPS: ₹8.65 (vs ₹11.46 in FY 2024) Full year 2025 results: EPS: ₹8.65 (down from ₹11.46 in FY 2024). Revenue: ₹1.51b (up 44% from FY 2024). Net income: ₹116.0m (down 12% from FY 2024). Profit margin: 7.7% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. New Risk • May 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹2.79b market cap, or US$32.6m). Board Change • May 14
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Founder, Chairman & MD Lenin Balamanikandan is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 06
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Founder, Chairman & MD Lenin Balamanikandan is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹235, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 24x in the Packaging industry in India. Total loss to shareholders of 19% over the past year. New Risk • Dec 27
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 7.5% 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 Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹3.79b market cap, or US$44.3m). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹351, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 28x in the Packaging industry in India. Total returns to shareholders of 54% over the past year. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹286, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 24x in the Packaging industry in India. Total returns to shareholders of 22% over the past year. Reported Earnings • Nov 14
First half 2025 earnings released First half 2025 results: EPS: ₹4.21. Revenue: ₹638.4m (up 20% from 1H 2024). Net income: ₹54.3m (down 22% from 1H 2024). Profit margin: 8.5% (down from 13% in 1H 2024). The decrease in margin was driven by higher expenses. Announcement • Sep 16
Krishca Strapping Solutions Limited, Annual General Meeting, Sep 30, 2024 Krishca Strapping Solutions Limited, Annual General Meeting, Sep 30, 2024, at 10:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹407, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 26x in the Packaging industry in India. Total returns to shareholders of 51% over the past year. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹239, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 25x in the Packaging industry in India. Total returns to shareholders of 40% over the past year. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹228, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 23x in the Packaging industry in India. Total returns to shareholders of 70% over the past year. New Risk • May 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (72% accrual ratio). Minor Risk Market cap is less than US$100m (₹2.73b market cap, or US$32.8m). Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₹286, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 21x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹276, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 22x in the Packaging industry in India. New Risk • Jan 29
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 Risk High level of non-cash earnings (42% accrual ratio). Minor Risks High level of debt (107% net debt to equity). Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹3.39b market cap, or US$40.7m). Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹281, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 23x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹257, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 23x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹236, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 24x in the Packaging industry in India. Announcement • Sep 09
Krishca Strapping Solutions Limited, Annual General Meeting, Sep 29, 2023 Krishca Strapping Solutions Limited, Annual General Meeting, Sep 29, 2023, at 15:30 Indian Standard Time. Agenda: To consider and adopt the Audited financial statement of the Company for the financial year ended 31st March 2023 together with the Reports of the Directors and Auditors thereon; to consider and appoint a director in place of Mr. Terli Venkata Shivaji, who retires by rotation and being eligible, offers himself for re-appointment; to consider and appoint a director in place of Ms. Navaneethakrishnan Saraladevi , who retires by rotation and being eligible, offers herself for re-appointment; and to transact such other business matters. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₹253, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 21x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹194, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 20x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹166, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 19x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹129, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 19x in the Packaging industry in India. Board Change • May 29
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Founder, Chairman & MD Lenin Balamanikandan is the most experienced director on the board, commencing their role in 2017. Independent Director Tom Antony was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.