New Risk • Jun 10
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 8.7% 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 Earnings have declined by 16% per year over the past 5 years. Minor Risks 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 (8.7% average weekly change). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹515, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 87% over the past three years. Announcement • Jun 01
Savita Oil Technologies Limited, Annual General Meeting, Aug 31, 2026 Savita Oil Technologies Limited, Annual General Meeting, Aug 31, 2026, at 11:00 Indian Standard Time. Reported Earnings • May 09
Full year 2026 earnings released: EPS: ₹26.52 (vs ₹16.51 in FY 2025) Full year 2026 results: EPS: ₹26.52 (up from ₹16.51 in FY 2025). Revenue: ₹44.1b (up 16% from FY 2025). Net income: ₹1.82b (up 61% from FY 2025). Profit margin: 4.1% (up from 3.0% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹421, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 55% over the past three years. Announcement • May 02
Savita Oil Technologies Limited to Report Q4, 2026 Results on May 07, 2026 Savita Oil Technologies Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 07, 2026 Buy Or Sell Opportunity • Apr 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to ₹335. The fair value is estimated to be ₹421, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 20%. Buy Or Sell Opportunity • Mar 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ₹328. The fair value is estimated to be ₹419, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 20%. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹5.53 (vs ₹1.82 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.53 (up from ₹1.82 in 3Q 2025). Revenue: ₹10.9b (up 16% from 3Q 2025). Net income: ₹379.5m (up 204% from 3Q 2025). Profit margin: 3.5% (up from 1.3% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Feb 09
Savita Oil Technologies Limited to Report Q3, 2026 Results on Feb 13, 2026 Savita Oil Technologies Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: ₹5.92 (vs ₹4.50 in 2Q 2025) Second quarter 2026 results: EPS: ₹5.92 (up from ₹4.50 in 2Q 2025). Revenue: ₹10.9b (up 20% from 2Q 2025). Net income: ₹405.9m (up 31% from 2Q 2025). Profit margin: 3.7% (up from 3.4% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Oct 31
Savita Oil Technologies Limited to Report Q2, 2026 Results on Nov 05, 2025 Savita Oil Technologies Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Declared Dividend • Sep 11
Dividend of ₹4.00 announced Dividend of ₹4.00 is the same as last year. Ex-date: 15th September 2025 Payment date: 22nd October 2025 Dividend yield will be 1.0%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (118% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Sep 10
Savita Oil Technologies Limited announces Annual dividend, payable on October 22, 2025 Savita Oil Technologies Limited announced Annual dividend of INR 4.0000 per share payable on October 22, 2025, ex-date on September 15, 2025 and record date on September 15, 2025. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹8.16 (vs ₹5.77 in 1Q 2025) First quarter 2026 results: EPS: ₹8.16 (up from ₹5.77 in 1Q 2025). Revenue: ₹9.89b (up 3.5% from 1Q 2025). Net income: ₹559.5m (up 41% from 1Q 2025). Profit margin: 5.7% (up from 4.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Aug 07
Savita Oil Technologies Limited, Annual General Meeting, Sep 22, 2025 Savita Oil Technologies Limited, Annual General Meeting, Sep 22, 2025, at 11:00 Indian Standard Time. Announcement • Jul 30
Savita Oil Technologies Limited to Report Q1, 2026 Results on Aug 07, 2025 Savita Oil Technologies Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 20
Full year 2025 earnings released: EPS: ₹16.50 (vs ₹29.05 in FY 2024) Full year 2025 results: EPS: ₹16.50 (down from ₹29.05 in FY 2024). Revenue: ₹38.6b (up 3.2% from FY 2024). Net income: ₹1.13b (down 44% from FY 2024). Profit margin: 2.9% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • May 13
Savita Oil Technologies Limited to Report Q4, 2025 Results on May 19, 2025 Savita Oil Technologies Limited announced that they will report Q4, 2025 results on May 19, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹1.82 (vs ₹9.75 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.82 (down from ₹9.75 in 3Q 2024). Revenue: ₹9.52b (flat on 3Q 2024). Net income: ₹124.8m (down 82% from 3Q 2024). Profit margin: 1.3% (down from 7.0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Feb 04
Savita Oil Technologies Limited to Report Q3, 2025 Results on Feb 13, 2025 Savita Oil Technologies Limited announced that they will report Q3, 2025 results on Feb 13, 2025 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 ₹600, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 33x in the Chemicals industry in India. Total returns to shareholders of 166% over the past three years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹4.50 (vs ₹6.80 in 2Q 2024) Second quarter 2025 results: EPS: ₹4.50 (down from ₹6.80 in 2Q 2024). Revenue: ₹9.33b (up 5.0% from 2Q 2024). Net income: ₹310.5m (down 34% from 2Q 2024). Profit margin: 3.3% (down from 5.3% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Nov 05
Savita Oil Technologies Limited to Report Q2, 2025 Results on Nov 12, 2024 Savita Oil Technologies Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Sep 27
Savita Oil Technologies Limited Approves Dividend for the Financial Year Ended 31 March, 2024 Savita Oil Technologies Limited at its AGM held on September 25, 2024, approved dividend at the rate of 200% (that is INR 4.00 on fully paid equity share of INR 2.00 each) be paid to the Shareholders for the financial year ended 31 March, 2024. Declared Dividend • Sep 04
Dividend of ₹4.00 announced Dividend of ₹4.00 is the same as last year. Ex-date: 18th September 2024 Payment date: 25th October 2024 Dividend yield will be 0.7%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 27
Savita Oil Technologies Limited, Annual General Meeting, Sep 25, 2024 Savita Oil Technologies Limited, Annual General Meeting, Sep 25, 2024, at 15:00 Indian Standard Time. Announcement • Aug 21
Savita Oil Technologies Limited Announces Resignation of Suhas M. Dixit as Whole-Time Director Savita Oil Technologies Limited announced that Mr. Suhas M. Dixit, Whole-time Director of the Company has tendered his resignation with effect from the closing hours of 21 August 2024. He has conveyed in his communication that his resignation is due to his personal reasons. Mr. Dixit has served with the Company for over 30 years, first in the capacity as CFO and then as a Whole-time Director. The Company places on record its sincere appreciation for the long and fruitful period of service put in by Mr. Suhas M. Dixit and is grateful for the significant contribution he has made towards the growth of the Company over the last 3 decades. Announcement • Aug 05
Savita Oil Technologies Limited (NSEI:SOTL) announces an Equity Buyback for 540,000 shares, representing 0.78% for INR 364.5 million. Savita Oil Technologies Limited (BSE:524667) announces a share repurchase program. Under the program, the company will repurchase up to 540,000 shares, representing 0.78% of its total issued share capital, for a total purchase price of INR 364.5 million. The shares will be repurchased at a price of INR 675 per share. The company has fixed August 16, 2024, as the record date for the offer. As of July 26, 2024, the company had 69,100,415 shares in issue. Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: ₹5.77 (vs ₹8.05 in 1Q 2024) First quarter 2025 results: EPS: ₹5.77 (down from ₹8.05 in 1Q 2024). Revenue: ₹9.73b (up 5.7% from 1Q 2024). Net income: ₹398.4m (down 28% from 1Q 2024). Profit margin: 4.1% (down from 6.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Jul 26
Savita Oil Technologies Limited to Report Q1, 2025 Results on Aug 03, 2024 Savita Oil Technologies Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Aug 03, 2024 Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹642, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 125% over the past three years. Reported Earnings • May 12
Full year 2024 earnings released: EPS: ₹29.05 (vs ₹32.66 in FY 2023) Full year 2024 results: EPS: ₹29.05 (down from ₹32.66 in FY 2023). Revenue: ₹38.1b (up 5.0% from FY 2023). Net income: ₹2.01b (down 11% from FY 2023). Profit margin: 5.3% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹592, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 210% over the past three years. Announcement • Mar 26
Savita Oil Technologies Limited Announces Retirement of Meghana Dalal as Independent Woman Director Savita Oil Technologies Limited announced the retirement of Mrs. Meghana Dalal as Independent Woman Director. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹9.75 (vs ₹4.15 in 3Q 2023) Third quarter 2024 results: EPS: ₹9.75 (up from ₹4.15 in 3Q 2023). Revenue: ₹9.82b (up 8.1% from 3Q 2023). Net income: ₹673.6m (up 135% from 3Q 2023). Profit margin: 6.9% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Feb 02
Savita Oil Technologies Limited to Report Q3, 2024 Results on Feb 12, 2024 Savita Oil Technologies Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹406, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 191% over the past three years. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹6.80 (vs ₹10.10 in 2Q 2023) Second quarter 2024 results: EPS: ₹6.80 (down from ₹10.10 in 2Q 2023). Revenue: ₹9.02b (up 4.3% from 2Q 2023). Net income: ₹469.7m (down 33% from 2Q 2023). Profit margin: 5.2% (down from 8.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 24
Savita Oil Technologies Limited to Report First Half, 2024 Results on Nov 01, 2023 Savita Oil Technologies Limited announced that they will report first half, 2024 results on Nov 01, 2023 Announcement • Oct 01
Savita Oil Technologies Limited Approves Final Dividend for the Financial Year Ended 31 March, 2023 Savita Oil Technologies Limited announced that at its AGM held on September 29, 2023, approved Final dividend @200% (i.e. INR 4/- on each fully paid equity share of INR 2/-) be paid to the Shareholders for the financial year ended 31st March, 2023. Announcement • Sep 27
Savita Oil Technologies Limited Appoints Sanjeev Madan as the Chief Financial Officer, W.E.F. 26Th September, 2023 Savita Oil Technologies Limited announced that Sanjeev Madan has been appointed as the Chief Financial Officer (CFO) of the Company w.e.f. 26th September, 2023 from the start of the business hours i.e. 9.30 a.m. Mr. Sanjeev Madan has completed his Bachelors of Commerce (Hons.) and is a Chartered Accountant. He has more than 27 years of experience. He has worked in different functions like accounts, finance, taxation, audit and related areas. Upcoming Dividend • Sep 15
Upcoming dividend of ₹4.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 29 October 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.8%). Announcement • Aug 03
Savita Oil Technologies Limited, Annual General Meeting, Sep 29, 2023 Savita Oil Technologies Limited, Annual General Meeting, Sep 29, 2023. New Risk • Aug 02
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: 5.2% Last year net profit margin: 8.4% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.2% net profit margin). Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: ₹8.05 (vs ₹13.14 in 1Q 2023) First quarter 2024 results: EPS: ₹8.05 (down from ₹13.14 in 1Q 2023). Revenue: ₹9.20b (up 2.2% from 1Q 2023). Net income: ₹556.4m (down 39% from 1Q 2023). Profit margin: 6.0% (down from 10% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 24
Savita Oil Technologies Limited to Report Q1, 2024 Results on Aug 01, 2023 Savita Oil Technologies Limited announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹32.66 (vs ₹37.62 in FY 2022) Full year 2023 results: EPS: ₹32.66 (down from ₹37.62 in FY 2022). Revenue: ₹36.5b (up 24% from FY 2022). Net income: ₹2.26b (down 13% from FY 2022). Profit margin: 6.2% (down from 8.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 33% per year. Announcement • May 27
Savita Oil Technologies Limited Recommends Final Dividend for the Financial Year 2022-23 Savita Oil Technologies Limited approved Final dividend @200% (i.e. INR 4/- on each fully paid equity share of INR 2/-) for the financial year 2022-23, subject To Approve the Shareholders at the ensuing Annual General Meeting of the Company. Announcement • May 19
Savita Oil Technologies Limited to Report Q4, 2023 Results on May 26, 2023 Savita Oil Technologies Limited announced that they will report Q4, 2023 results on May 26, 2023 Buying Opportunity • Mar 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be ₹325, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 37%. Buying Opportunity • Feb 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be ₹321, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 37%. Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: ₹4.15 (vs ₹8.22 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.15 (down from ₹8.22 in 3Q 2022). Revenue: ₹9.20b (up 20% from 3Q 2022). Net income: ₹286.9m (down 51% from 3Q 2022). Profit margin: 3.1% (down from 7.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
Savita Oil Technologies Limited to Report Q3, 2023 Results on Jan 30, 2023 Savita Oil Technologies Limited announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹10.10 (vs ₹8.08 in 2Q 2022) Second quarter 2023 results: EPS: ₹10.10 (up from ₹8.08 in 2Q 2022). Revenue: ₹8.65b (up 25% from 2Q 2022). Net income: ₹698.0m (up 25% from 2Q 2022). Profit margin: 8.1% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. 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. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Hariharan Sunder was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹10.10 (vs ₹8.08 in 2Q 2022) Second quarter 2023 results: EPS: ₹10.10 (up from ₹8.08 in 2Q 2022). Revenue: ₹8.75b (up 27% from 2Q 2022). Net income: ₹698.0m (up 25% from 2Q 2022). Profit margin: 8.0% (down from 8.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 13
Upcoming dividend of ₹25.00 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 29 October 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 17% share price gain to ₹1,667, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 94% over the past three years. Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: ₹65.69 (vs ₹55.63 in 1Q 2022) First quarter 2023 results: EPS: ₹65.69 (up from ₹55.63 in 1Q 2022). Revenue: ₹9.05b (up 50% from 1Q 2022). Net income: ₹907.8m (up 17% from 1Q 2022). Profit margin: 10.0% (down from 13% 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 41% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 01
Full year 2022 earnings released: EPS: ₹188 (vs ₹159 in FY 2021) Full year 2022 results: EPS: ₹188 (up from ₹159 in FY 2021). Revenue: ₹29.7b (up 55% from FY 2021). Net income: ₹2.60b (up 16% from FY 2021). Profit margin: 8.8% (down from 12% 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 42% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 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. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Hariharan Sunder was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹41.11 (down from ₹57.64 in 3Q 2021). Revenue: ₹7.77b (up 45% from 3Q 2021). Net income: ₹584.6m (down 28% from 3Q 2021). Profit margin: 7.5% (down from 15% 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 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Feb 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. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Hariharan Sunder was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS ₹40.42 (vs ₹26.73 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹6.90b (up 43% from 2Q 2021). Net income: ₹560.9m (up 49% from 2Q 2021). Profit margin: 8.1% (up from 7.8% in 2Q 2021). The increase in margin was driven by higher 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 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 13
Upcoming dividend of ₹15.00 per share Eligible shareholders must have bought the stock before 20 September 2021. Payment date: 28 October 2021. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₹1,736, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,287, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 14% over the past three years. Is New 90 Day High Low • Feb 20
New 90-day high: ₹1,108 The company is up 57% from its price of ₹705 on 20 November 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 26% share price gain to ₹950, the stock is trading at a trailing P/E ratio of 8.4x, up from the previous P/E ratio of 6.7x. This compares to an average P/E of 17x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 34%. Reported Earnings • Feb 05
Third quarter 2021 earnings released: EPS ₹57.64 (vs ₹15.24 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹5.47b (up 5.5% from 3Q 2020). Net income: ₹811.0m (up 275% from 3Q 2020). Profit margin: 15% (up from 4.2% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 25
New 90-day low: ₹659 The company is down 4.0% from its price of ₹687 on 27 October 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period. 
