Declared Dividend • May 29
Dividend reduced to ₹2.50 Dividend of ₹2.50 is 17% lower than last year. Ex-date: 20th August 2026 Payment date: 26th September 2026 Dividend yield will be 3.3%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (52% 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 increased by an average of 38% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 28
Kuantum Papers Limited announces Annual dividend, payable on September 26, 2026 Kuantum Papers Limited announced Annual dividend of INR 2.5000 per share payable on September 26, 2026, ex-date on August 20, 2026 and record date on August 20, 2026. Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹4.81 (vs ₹13.20 in FY 2025) Full year 2026 results: EPS: ₹4.81 (down from ₹13.20 in FY 2025). Revenue: ₹11.0b (flat on FY 2025). Net income: ₹419.5m (down 64% from FY 2025). Profit margin: 3.8% (down from 10% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • May 26
Kuantum Papers Limited, Annual General Meeting, Aug 27, 2026 Kuantum Papers Limited, Annual General Meeting, Aug 27, 2026. Announcement • May 19
Kuantum Papers Limited to Report Q4, 2026 Results on May 26, 2026 Kuantum Papers Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 26, 2026 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹83.73, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 27x in the Forestry industry in India. Total loss to shareholders of 36% over the past three years. Board Change • Feb 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Shireen Sethi was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Third quarter 2026 earnings released: EPS: ₹1.12 (vs ₹2.40 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.12 (down from ₹2.40 in 3Q 2025). Revenue: ₹2.90b (up 7.2% from 3Q 2025). Net income: ₹97.8m (down 53% from 3Q 2025). Profit margin: 3.4% (down from 7.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% 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 • Feb 07
Kuantum Papers Limited Announces Resignation of Bhavdeep Sardana as Independent Director and Reconstitution of Committees, Effective 07 February, 2026 Kuantum Papers Limited at its board meeting held on 07th February, 2026, the Board has also accepted and approved the resignation of Shri Bhavdeep Sardana, Independent Director of the Company, with effect from the closure of business hours on 07 February, 2026. Membership of Board Committees Nomination and Remuneration Committee; Stakeholders' Relationship Committee; Corporate Social Responsibility Committee; Securities Committee. The re-constituted committees are as follows:
Audit Committee: The members include Mr. Vivek Bihani, who is an Independent Director and serves as the Chairman; Mr. Pavan Khaitan, who is an Executive Director and a Member; Ms. Shireen Sethi, who is an Independent Director and a Member; Mr. Munishwar Kumar, who is an Independent Director and a Member; and Mr. Jagdeep Hira, who is a Whole Time Director and a Member. Nomination & Remuneration Committee: This committee is chaired by Mr. Vivek Bihani, who is an Independent Director. The other members include Mr. Munishwar Kumar, who is an Independent Director and a Member; and Ms. Shireen Sethi, who is also an Independent Director and a Member. Corporate Social Responsibility Committee: The Chairman of this committee is Mr. Pavan Khaitan, who is an Executive Director. The members include Ms. Shireen Sethi, who is an Independent Director and a Member; and Mr. Jagdeep Hira, who is a Whole Time Director and a Member. Stakeholders' Relationship Committee: The Chairperson of this committee is Mr. Vivek Bihani, who is an Independent Director. The members include Mr. Jagesh Kumar Khaitan, who is an Executive Director and a Member; and Ms. Shireen Sethi, who is an Independent Director and a Member. Risk Management Committee: This committee is chaired by Mr. Pavan Khaitan, who is an Executive Director. The members include Ms. Shireen Sethi, who is an Independent Director and a Member; and Mr. Vivek Bihani, who is an Independent Director and a Member. Finance Committee: The Chairman of this committee is Mr. Jagesh Kumar Khaitan, who is an Executive Director. The members include Mr. Pavan Khaitan, who is an Executive Director and a Member; Mr. Vivek Bihani, who is an Independent Director and a Member; and Mr. Jagdeep Hira, who is a Whole Time Director and a Member. New Risk • Nov 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.86b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (55% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (₹8.86b market cap, or US$99.8m). Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹0.66 (vs ₹3.43 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.66 (down from ₹3.43 in 2Q 2025). Revenue: ₹2.82b (up 1.1% from 2Q 2025). Net income: ₹57.7m (down 81% from 2Q 2025). Profit margin: 2.0% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Oct 28
Kuantum Papers Limited to Report Q2, 2026 Results on Nov 07, 2025 Kuantum Papers Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 07, 2025 Upcoming Dividend • Aug 15
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 28 September 2025. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 2.6%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.5%). Reported Earnings • Aug 03
Full year 2025 earnings released: EPS: ₹13.20 (vs ₹21.07 in FY 2024) Full year 2025 results: EPS: ₹13.20 (down from ₹21.07 in FY 2024). Revenue: ₹11.1b (down 8.6% from FY 2024). Net income: ₹1.15b (down 37% from FY 2024). Profit margin: 10% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Aug 02
Kuantum Papers Limited to Report Q1, 2026 Results on Aug 08, 2025 Kuantum Papers Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Declared Dividend • May 22
Dividend of ₹3.00 announced Dividend of ₹3.00 is the same as last year. Ex-date: 22nd August 2025 Payment date: 28th September 2025 Dividend yield will be 2.8%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (14% 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 increased by an average of 41% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 21
Full year 2025 earnings released: EPS: ₹13.20 (vs ₹21.07 in FY 2024) Full year 2025 results: EPS: ₹13.20 (down from ₹21.07 in FY 2024). Revenue: ₹11.1b (down 8.1% from FY 2024). Net income: ₹1.15b (down 37% from FY 2024). Profit margin: 10% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Kuantum Papers Limited to Report Q4, 2025 Results on May 20, 2025 Kuantum Papers Limited announced that they will report Q4, 2025 results on May 20, 2025 New Risk • Feb 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by cash flows (126% cash payout ratio). Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹2.40 (vs ₹4.83 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.40 (down from ₹4.83 in 3Q 2024). Revenue: ₹2.70b (down 10% from 3Q 2024). Net income: ₹209.7m (down 50% from 3Q 2024). Profit margin: 7.8% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
Kuantum Papers Limited to Report Q3, 2025 Results on Feb 11, 2025 Kuantum Papers Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Announcement • Dec 19
Kuantum Papers Limited Appoints Munishwar Kumar as Non-Executive Director, Effective 4 November, 2024 Kuantum Papers Limited have approved the appointment of Mr. Munishwar Kumar as Non-Executive Director, liable to retire by rotation. Further, it is re-confirmed that Mr. Munishwar Kumar is not debarred from holding the office of director by virtue of any SEBI order or of any other authority. Appointment is with effect from 4 November, 2024. Mr. Munishwar Kumar, aged 56 years, is a Master's in Business Administration from Thomas, Maine, USA. As an entrepreneur, with global bio-degradable packaging experience, he has successfully built and managed India's largest moulded fibre packaging Company. With a career spanning 34 years, he has played a key role in strategic planning, business development, executing green field and brownfield projects, financial management, mergers and acquisitions. He enjoys creative work through innovation and thrive in building businesses and achieving profitable growth. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹138, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 24x in the Forestry industry in India. Total returns to shareholders of 56% over the past three years. New Risk • Nov 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by cash flows (126% cash payout ratio). Announcement • Nov 05
Kuantum Papers Limited to Report Q2, 2025 Results on Nov 12, 2024 Kuantum Papers Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Aug 30
Kuantum Papers Limited Approves Dividend for the Year 2023-24 Kuantum Papers Limited announced that at its AGM held on August 30, 2024, shareholders approved the dividend of INR 3 (i.e. @ 300%) per equity share of face value of INR 1 each for the Financial Year 2023-24, on the paid-up equity share capital of the company. Upcoming Dividend • Aug 16
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 23 August 2024. Payment date: 29 September 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.0%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: ₹4.38 (vs ₹7.46 in 1Q 2024) First quarter 2025 results: EPS: ₹4.38 (down from ₹7.46 in 1Q 2024). Revenue: ₹2.82b (down 10.0% from 1Q 2024). Net income: ₹381.9m (down 41% from 1Q 2024). Profit margin: 14% (down from 21% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
Kuantum Papers Limited Announces Board Changes Kuantum Papers Limited announced that Board of Directors of the Company, in its Meeting held on August 3, 2024, Mr. Drishinder Singh Sandhawalia, Non executive Director of the Company has tendered his resignation from Board of Directors due to personal reasons. The Board has approved his resignation with effect from 03rd August, 2024. Reconstituted Committees: Nomination & Remuneration Committee: Mr. Bhavdeep Sardana as Chairman, Mr. Vivek Bihani, Ms. Shireen Sethi as Members. Corporate Social Responsibility Committee: Mr. Pavan Khaitan as Chairman, Ms Shireen Sethi, Mr. Bhavdeep Sardana as members. Stakeholders' Relationship Committee: Mr. Bhavdeep Sardana as Chairman, Ms. Shireen Sethi, Mr. Jagesh Khaitan as Members. Risk Management Committee: Mr. Pavan Khaitan as Chairman, Ms. Shireen Sethi, Mr. Bhavdeep Sardana as Members. Announcement • Jul 23
Kuantum Papers Limited to Report Q1, 2025 Results on Aug 03, 2024 Kuantum Papers Limited announced that they will report Q1, 2025 results at 12:15 PM, Indian Standard Time on Aug 03, 2024 Announcement • May 31
Kuantum Papers Limited, Annual General Meeting, Aug 30, 2024 Kuantum Papers Limited, Annual General Meeting, Aug 30, 2024. Announcement • May 30
Kuantum Papers Limited Recommends Dividend for the Financial Year Ended 31 March 2024 The Board of Directors of the Kuantum Papers Limited held on 29 May 2024 has recommended a dividend of INR 3/- i.e.@ 300% per equity share of face value of INR 1/- each, for the financial year ended 31 March 2024, which is subject to approval by the shareholder in the up coming Annual General Meeting of the Company. The dividend, if approved by the members, will be paid within 30 days from the date of declaration at the up coming Annual General Meeting. The Record date for the purpose of Dividend and the cut off date for reckoning the voting rights of the shareholders for purpose of AGM is 23rd day of August, 2024. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹21.07 (vs ₹15.60 in FY 2023) Full year 2024 results: EPS: ₹21.07 (up from ₹15.60 in FY 2023). Revenue: ₹12.2b (down 7.1% from FY 2023). Net income: ₹1.84b (up 35% from FY 2023). Profit margin: 15% (up from 10% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Kuantum Papers Limited to Report Q4, 2024 Results on May 29, 2024 Kuantum Papers Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹189, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 19x in the Forestry industry in India. Total returns to shareholders of 209% over the past three years. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: ₹4.83 (vs ₹6.56 in 3Q 2023) Third quarter 2024 results: EPS: ₹4.83 (down from ₹6.56 in 3Q 2023). Revenue: ₹3.02b (down 14% from 3Q 2023). Net income: ₹421.5m (down 26% from 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Jan 23
Kuantum Papers Limited to Report Q3, 2024 Results on Feb 01, 2024 Kuantum Papers Limited announced that they will report Q3, 2024 results on Feb 01, 2024 Announcement • Nov 11
Kuantum Papers Limited Appoints Mr. Gurinder Singh Makkar as Company Secretary & Compliance Officer, Effective on December 01, 2023 Kuantum Papers Limited announced that at its board meeting held on November 10, 2023, the board approved the appointment of Mr. Gurinder Singh Makkar (M. No. F5124) as the Company Secretary & Compliance officer of the company with effect from 01st December, 2023. A Commerce Graduate and Member of the Institute of Company Secretaries of India, Mr. Gurinder Makkar is a result-driven Company Secretary professional with 19 years of distinguished experience of listed companies, in corporate secretarial and legal functions, mergers, acquisitions, issues & listings of securities, secretarial compliances, corporate affairs and corporate governance, legal drafting, commercial, administrative and allied matters. He is adroit in dealing with merchant bankers, auditors, legal counsels, stock exchanges, depositories and share broking companies. He has to his credit vast experience of serving listed companies. He has in the recent past successfully completed several important assignments such as Merger, Takeovers, NSE Listings, Preferential Issues, Listing of shares, Bonus issues etc. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹4.89 (vs ₹6.04 in 2Q 2023) Second quarter 2024 results: EPS: ₹4.89 (down from ₹6.04 in 2Q 2023). Revenue: ₹2.99b (down 12% from 2Q 2023). Net income: ₹426.5m (down 19% from 2Q 2023). Profit margin: 14% (down from 15% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 30
Now 23% undervalued Over the last 90 days, the stock is up 32%. The fair value is estimated to be ₹256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Aug 10
Now 23% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be ₹256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jul 27
First quarter 2024 earnings released: EPS: ₹7.46 (vs ₹4.45 loss in 1Q 2023) First quarter 2024 results: EPS: ₹7.46 (up from ₹4.45 loss in 1Q 2023). Revenue: ₹3.13b (up 14% from 1Q 2023). Net income: ₹651.3m (up ₹1.04b from 1Q 2023). Profit margin: 21% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Announcement • Jul 09
Kuantum Papers Limited Approves Dividend for the Financial Year Ended on March 31, 2023 Kuantum Papers Limited as recommended by the Board of Directors in their meeting held on April 29, 2023, the members of the Company have considered and approved the Dividend by passing Ordinary Resolution @ INR 1 per share on the Redeemable noncumulative Preference Shares of INR 10 each and @ INR 3 per share on the equity shares of INR 1 each for the Financial Year ended on March 31, 2023 at 26th Annual General Meeting of the Company held on July 7, 2023. Upcoming Dividend • Jun 23
Upcoming dividend of ₹3.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 06 August 2023. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.1%). Reported Earnings • Jun 16
Full year 2023 earnings released: EPS: ₹15.60 (vs ₹1.54 in FY 2022) Full year 2023 results: EPS: ₹15.60 (up from ₹1.54 in FY 2022). Revenue: ₹13.1b (up 58% from FY 2022). Net income: ₹1.36b (up ₹1.23b from FY 2022). Profit margin: 10% (up from 1.6% in FY 2022). 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 59% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: ₹15.60 (vs ₹1.54 in FY 2022) Full year 2023 results: EPS: ₹15.60 (up from ₹1.54 in FY 2022). Revenue: ₹13.1b (up 58% from FY 2022). Net income: ₹1.36b (up ₹1.23b from FY 2022). Profit margin: 10% (up from 1.6% in FY 2022). 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 58% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 20
Third quarter 2023 earnings released: EPS: ₹6.56 (vs ₹0.46 in 3Q 2022) Third quarter 2023 results: EPS: ₹6.56 (up from ₹0.46 in 3Q 2022). Revenue: ₹3.52b (up 53% from 3Q 2022). Net income: ₹572.8m (up ₹532.5m from 3Q 2022). Profit margin: 16% (up from 1.8% in 3Q 2022). 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 44% per year, which means it is well ahead of earnings. Board Change • Nov 16
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 Bhavdeep Sardana was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 19
Second quarter 2023 earnings released: EPS: ₹6.04 (vs ₹1.20 in 2Q 2022) Second quarter 2023 results: EPS: ₹6.04 (up from ₹1.20 in 2Q 2022). Revenue: ₹3.42b (up 70% from 2Q 2022). Net income: ₹526.7m (up 401% from 2Q 2022). Profit margin: 15% (up from 5.2% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 05
Full year 2022 earnings released: EPS: ₹1.54 (vs ₹1.46 loss in FY 2021) Full year 2022 results: EPS: ₹1.54 (up from ₹1.46 loss in FY 2021). Revenue: ₹8.30b (up 106% from FY 2021). Net income: ₹134.2m (up ₹261.5m from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Reported Earnings • May 24
Full year 2022 earnings released: EPS: ₹1.54 (vs ₹1.46 loss in FY 2021) Full year 2022 results: EPS: ₹1.54 (up from ₹1.46 loss in FY 2021). Revenue: ₹8.30b (up 106% from FY 2021). Net income: ₹134.2m (up ₹261.5m from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Board Change • Apr 27
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 Bhavdeep Sardana was the last director to join the board, commencing their role in 2018. 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 • Mar 14
Investor sentiment improved over the past week After last week's 30% share price gain to ₹86.10, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 10x in the Forestry industry in India. Total returns to shareholders of 16% over the past year. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹77.90, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 48% over the past year. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.46 (up from ₹0.14 loss in 3Q 2021). Revenue: ₹2.31b (up 95% from 3Q 2021). Net income: ₹40.4m (up ₹52.5m from 3Q 2021). Profit margin: 1.8% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Board Change • Jan 02
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 Bhavdeep Sardana was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹1.20 (vs ₹0.65 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹2.02b (up 194% from 2Q 2021). Net income: ₹105.1m (up ₹161.9m from 2Q 2021). Profit margin: 5.2% (up from net loss in 2Q 2021). Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹0.62 loss per share (vs ₹1.86 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹1.49b (up 213% from 1Q 2021). Net loss: ₹54.5m (loss narrowed 67% from 1Q 2021). Reported Earnings • Jul 03
Full year 2021 earnings released: ₹1.46 loss per share (vs ₹8.23 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹4.04b (down 46% from FY 2020). Net loss: ₹127.3m (down 118% from profit in FY 2020). Is New 90 Day High Low • Mar 03
New 90-day high: ₹68.45 The company is up 54% from its price of ₹44.45 on 03 December 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 45% over the same period. Reported Earnings • Feb 13
Third quarter 2021 earnings released: ₹0.14 loss per share (vs ₹2.40 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹1.19b (down 37% from 3Q 2020). Net loss: ₹12.1m (down 106% from profit in 3Q 2020). Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 19% share price gain to ₹60.20, the stock is trading at a trailing P/E ratio of 36.1x, up from the previous P/E ratio of 30.5x. This compares to an average P/E of 15x in the Forestry industry in India. Total returns to shareholders over the past year are 14%. Is New 90 Day High Low • Feb 03
New 90-day high: ₹60.20 The company is up 47% from its price of ₹40.85 on 05 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 37% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹49.45 The company is up 4.0% from its price of ₹47.45 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 16% share price gain to ₹49.45, the stock is trading at a trailing P/E ratio of 32.7x, up from the previous P/E ratio of 28.2x. This compares to an average P/E of 9x in the Forestry industry in India. Total returns to shareholders over the past year are 14%. Is New 90 Day High Low • Sep 21
New 90-day low: ₹42.15 The company is down 4.0% from its price of ₹43.82 on 23 June 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 11% over the same period.