Announcement • May 19
Quality Foils (India) Limited to Report Fiscal Year 2026 Results on May 27, 2026 Quality Foils (India) Limited announced that they will report fiscal year 2026 results on May 27, 2026 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹61.00, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total loss to shareholders of 41% over the past year. New Risk • Nov 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Shares are highly illiquid. Earnings have declined by 2.6% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (₹208.8m market cap, or US$2.34m). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹77.00, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total loss to shareholders of 21% over the past year. Reported Earnings • Nov 04
First half 2026 earnings released: EPS: ₹2.89 (vs ₹2.86 in 1H 2025) First half 2026 results: EPS: ₹2.89 (up from ₹2.86 in 1H 2025). Revenue: ₹942.6m (up 22% from 1H 2025). Net income: ₹8.26m (up 1.0% from 1H 2025). Profit margin: 0.9% (down from 1.1% in 1H 2025). New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 2.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Shares are highly illiquid. Earnings have declined by 2.6% per year over the past 5 years. Market cap is less than US$10m (₹190.1m market cap, or US$2.14m). Minor Risk Large one-off items impacting financial results. Announcement • Oct 26
Quality Foils (India) Limited to Report First Half, 2026 Results on Oct 29, 2025 Quality Foils (India) Limited announced that they will report first half, 2026 results on Oct 29, 2025 Reported Earnings • Aug 10
Full year 2025 earnings released: EPS: ₹4.97 (vs ₹4.68 in FY 2024) Full year 2025 results: EPS: ₹4.97 (up from ₹4.68 in FY 2024). Revenue: ₹1.51b (down 2.5% from FY 2024). Net income: ₹14.2m (up 6.2% from FY 2024). Profit margin: 0.9% (in line with FY 2024). Announcement • Aug 06
Quality Foils (India) Limited, Annual General Meeting, Sep 04, 2025 Quality Foils (India) Limited, Annual General Meeting, Sep 04, 2025, at 10:30 Indian Standard Time. Location: 3, industrial, development colony, hisar-125005, haryana, hisar India Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹65.30, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total loss to shareholders of 43% over the past year. New Risk • Jun 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 9.0% 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 Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). High level of non-cash earnings (38% accrual ratio). Market cap is less than US$10m (₹225.6m market cap, or US$2.64m). New Risk • Jun 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). High level of non-cash earnings (38% accrual ratio). Market cap is less than US$10m (₹221.5m market cap, or US$2.57m). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). New Risk • May 16
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: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Market cap is less than US$10m (₹229.7m market cap, or US$2.68m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (9.1% average weekly change). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹84.85, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total loss to shareholders of 18% over the past year. New Risk • Dec 12
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 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Market cap is less than US$10m (₹295.4m market cap, or US$3.48m). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹104, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 1.8% over the past year. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹116, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 4.1% over the past year. Board Change • Sep 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Sumant Bhatnagar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 05
Quality Foils (India) Limited Approves Regularization of Additional Director, Mr. Mohan Lal as Director Quality Foils (India) Pvt. Ltd. announced that at its AGM held on September 04, 2024, the shareholders approved Regularization of additional director, Mr. Mohan Lal as director of the Company. Announcement • Aug 13
Quality Foils (India) Limited, Annual General Meeting, Sep 04, 2024 Quality Foils (India) Limited, Annual General Meeting, Sep 04, 2024, at 10:00 Indian Standard Time. Location: 3, industrial, development colony, hisar-125005, haryana, hisar India Announcement • Jun 29
Quality Foils (India) Limited Announces Resignation of Meenakshi as Company Secretary Quality Foils (India) Limited announced that Ms. Meenakshi has tendered her resignation from the position of Company Secretary and Compliance Officer, Effective from the close of business hours on June 29, 2024 due to personal reasons. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹121, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 6.8% over the past year. New Risk • May 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Market cap is less than US$10m (₹313.9m market cap, or US$3.77m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹118, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 17% over the past year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹104, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 20x in the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹123, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 24x in the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹122, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 25x in the Metals and Mining industry in India. New Risk • Nov 07
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: 0.7% Last year net profit margin: 1.3% 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: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₹285.4m market cap, or US$3.43m). Minor Risk Profit margins are more than 30% lower than last year (0.7% net profit margin). Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹114, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 17x in the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹77.80, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 16x in the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹90.05, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 15x in the Metals and Mining industry in India. New Risk • Jun 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 82% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (₹308.2m market cap, or US$3.74m). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹129, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 15x in the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹117, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 15x in the Metals and Mining industry in India. 
