Reported Earnings • Jul 21
First quarter 2027 earnings released: EPS: ₹3.13 (vs ₹0.81 in 1Q 2026) First quarter 2027 results: EPS: ₹3.13 (up from ₹0.81 in 1Q 2026). Revenue: ₹621.2m (up 55% from 1Q 2026). Net income: ₹93.4m (up 289% from 1Q 2026). Profit margin: 15% (up from 6.0% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Jul 15
South West Pinnacle Exploration Limited to Report Q1, 2027 Results on Jul 20, 2026 South West Pinnacle Exploration Limited announced that they will report Q1, 2027 results on Jul 20, 2026 Reported Earnings • May 06
Full year 2026 earnings released: EPS: ₹11.07 (vs ₹5.84 in FY 2025) Full year 2026 results: EPS: ₹11.07 (up from ₹5.84 in FY 2025). Revenue: ₹2.47b (up 37% from FY 2025). Net income: ₹330.3m (up 101% from FY 2025). Profit margin: 13% (up from 9.1% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • May 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 8.7% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹7.02b market cap, or US$73.7m). Announcement • Apr 29
South West Pinnacle Exploration Limited to Report Q4, 2026 Results on May 04, 2026 South West Pinnacle Exploration Limited announced that they will report Q4, 2026 results on May 04, 2026 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹210, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹186, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 65% over the past three years. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: ₹3.09 (vs ₹1.49 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.09 (up from ₹1.49 in 3Q 2025). Revenue: ₹634.0m (up 31% from 3Q 2025). Net income: ₹92.2m (up 122% from 3Q 2025). Profit margin: 14% (up from 8.6% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Feb 04
South West Pinnacle Exploration Limited to Report Q3, 2026 Results on Feb 09, 2026 South West Pinnacle Exploration Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹209, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 84% over the past three years. New Risk • Dec 04
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 8.4% 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 Share price has been highly volatile over the past 3 months (8.4% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹6.11b market cap, or US$67.7m). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹225, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 85% over the past three years. New Risk • Nov 03
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 7.2% 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 (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (₹5.24b market cap, or US$59.0m). Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: ₹2.80 (vs ₹0.14 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.80 (up from ₹0.14 in 2Q 2025). Revenue: ₹633.7m (up 132% from 2Q 2025). Net income: ₹83.6m (up ₹79.5m from 2Q 2025). Profit margin: 13% (up from 1.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹164, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 17% over the past three years. Announcement • Oct 22
South West Pinnacle Exploration Limited to Report Q2, 2026 Results on Oct 29, 2025 South West Pinnacle Exploration Limited announced that they will report Q2, 2026 results on Oct 29, 2025 Announcement • Aug 26
South West Pinnacle Exploration Limited, Annual General Meeting, Sep 26, 2025 South West Pinnacle Exploration Limited, Annual General Meeting, Sep 26, 2025, at 14:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.81 (vs ₹0.67 in 1Q 2025) First quarter 2026 results: EPS: ₹0.81 (up from ₹0.67 in 1Q 2025). Revenue: ₹413.1m (up 40% from 1Q 2025). Net income: ₹24.0m (up 28% from 1Q 2025). Profit margin: 5.8% (down from 6.4% 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 13% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Aug 04
South West Pinnacle Exploration Limited to Report Q1, 2026 Results on Aug 12, 2025 South West Pinnacle Exploration Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 23
Full year 2025 earnings released: EPS: ₹5.84 (vs ₹2.96 in FY 2024) Full year 2025 results: EPS: ₹5.84 (up from ₹2.96 in FY 2024). Revenue: ₹1.85b (up 39% from FY 2024). Net income: ₹164.3m (up 99% from FY 2024). Profit margin: 8.9% (up from 6.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • May 20
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 8.4% 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 Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₹4.06b market cap, or US$47.6m). Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹139, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total loss to shareholders of 33% over the past three years. Announcement • May 19
South West Pinnacle Exploration Limited to Report Q4, 2025 Results on May 22, 2025 South West Pinnacle Exploration Limited announced that they will report Q4, 2025 results on May 22, 2025 Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: ₹1.49 (vs ₹1.50 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.49 (down from ₹1.50 in 3Q 2024). Revenue: ₹494.7m (up 17% from 3Q 2024). Net income: ₹41.6m (flat on 3Q 2024). Profit margin: 8.4% (down from 10.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year. Announcement • Jan 30
South West Pinnacle Exploration Limited to Report Q3, 2025 Results on Feb 04, 2025 South West Pinnacle Exploration Limited announced that they will report Q3, 2025 results on Feb 04, 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 ₹156, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 7.5% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹126, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total loss to shareholders of 4.4% over the past three years. New Risk • Nov 21
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 9.2% 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 (2.0x net interest cover). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Market cap is less than US$100m (₹3.34b market cap, or US$39.5m). 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 ₹122, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 26x in the Metals and Mining industry in India. Total loss to shareholders of 14% over the past three years. Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: ₹0.14 (vs ₹0.33 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.14 (down from ₹0.33 in 2Q 2024). Revenue: ₹289.2m (up 24% from 2Q 2024). Net income: ₹4.03m (down 56% from 2Q 2024). Profit margin: 1.4% (down from 3.9% in 2Q 2024). 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 whereas the company’s share price has fallen by 6% per year. Announcement • Oct 19
South West Pinnacle Exploration Limited to Report Q2, 2025 Results on Oct 28, 2024 South West Pinnacle Exploration Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Announcement • Sep 30
South West Pinnacle Exploration Limited Approves Final Dividend for the Financial Year 2023-2024 South West Pinnacle Exploration Limited approved the final dividend of INR 0.50 per equity shares of INR 10/- each for the financial year ended March 31, 2024, at its AGM, held on September 27, 2024. Board Change • Sep 17
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 Hari Narain Rajpoot was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Sep 07
Dividend of ₹0.50 announced Shareholders will receive a dividend of ₹0.50. Ex-date: 20th September 2024 Payment date: 27th October 2024 Dividend yield will be 0.5%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (25% 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 19% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 1.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 29
South West Pinnacle Exploration Limited, Annual General Meeting, Sep 27, 2024 South West Pinnacle Exploration Limited, Annual General Meeting, Sep 27, 2024, at 15:00 Indian Standard Time. New Risk • Aug 23
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 8.9% 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 Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₹3.69b market cap, or US$44.0m). Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹132, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 26x in the Metals and Mining industry in India. Total returns to shareholders of 45% over the past three years. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹0.67 (vs ₹0.13 in 1Q 2024) First quarter 2025 results: EPS: ₹0.67 (up from ₹0.13 in 1Q 2024). Revenue: ₹320.8m (up 40% from 1Q 2024). Net income: ₹18.7m (up 413% from 1Q 2024). Profit margin: 5.8% (up from 1.6% in 1Q 2024). 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 8% per year, which means it is well ahead of earnings. Announcement • Aug 04
South West Pinnacle Exploration Limited to Report Q1, 2025 Results on Aug 12, 2024 South West Pinnacle Exploration Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Board Change • Jun 12
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. 3 non-independent directors. Non-Executive & Independent Director Meenakshi Anand was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹120, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 189% over the past three years. Announcement • May 30
South West Pinnacle Exploration Limited Recommends Final Dividend for the Financial Year 2023-24 South West Pinnacle Exploration Limited announced that at its Board of Directors of the company in their board Meeting held on May 29, 2024, approved the recommendation of Final Dividend of INR 0.50 per Equity Share (i.e. 5%) of the Face Value of INR 10/- each for the Financial Year 2023-24 subject to the approval of Shareholders in up coming Annual General Meeting of the Company. Announcement • May 22
South West Pinnacle Exploration Limited to Report Q4, 2024 Results on May 29, 2024 South West Pinnacle Exploration Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹116, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 140% over the past three years. Recent Insider Transactions • Mar 06
Chairman & MD recently sold ₹28m worth of stock On the 28th of February, Vikas Jain sold around 200k shares on-market at roughly ₹140 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Vikas' only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹129, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 191% over the past three years. Upcoming Dividend • Feb 21
Upcoming dividend of ₹0.25 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (6.2%). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹1.50 (vs ₹0.45 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.50 (up from ₹0.45 in 3Q 2023). Revenue: ₹426.4m (up 21% from 3Q 2023). Net income: ₹42.0m (up 235% from 3Q 2023). Profit margin: 9.8% (up from 3.5% 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 4% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Announcement • Feb 15
South West Pinnacle Exploration Limited Declares First Interim Dividend for the Financial Year 2023-24 South West Pinnacle Exploration Limited announced at the board meeting held on February 14, 2024, Approved/declared 1st interim dividend at the rate of 2.5% on face value, that is INR 0.25 per equity share of Face Value of INR 10 each to Non promoter shareholders of the Company for the financial year 2023-24 and has fixed February 28, 2024 as Record Date for the purpose of 1st Interim Dividend for the Financial Year 2023- 24. Payment of 1st Interim Dividend shall be paid within 30 days from the date of declaration of the Interim dividend. Announcement • Feb 07
South West Pinnacle Exploration Limited to Report Q3, 2024 Results on Feb 14, 2024 South West Pinnacle Exploration Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹0.33 (vs ₹0.81 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.33 (down from ₹0.81 in 2Q 2023). Revenue: ₹241.5m (down 10% from 2Q 2023). Net income: ₹9.09m (down 60% from 2Q 2023). Profit margin: 3.8% (down from 8.4% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 29
South West Pinnacle Exploration Limited to Report Q2, 2024 Results on Nov 03, 2023 South West Pinnacle Exploration Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹160, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total returns to shareholders of 349% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹0.50 per share at 0.4% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 29 October 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (6.9%). Announcement • Sep 06
South West Pinnacle Exploration Limited, Annual General Meeting, Sep 29, 2023 South West Pinnacle Exploration Limited, Annual General Meeting, Sep 29, 2023, at 14:00 Indian Standard Time. Agenda: To receive and consider and adopt the audited standalone financial statements of the company for the financial year ended march 31, 2023, together with the reports of the board of directors and the auditors thereon; to consider the audited consolidated financial statements of the company for the financial year ended march 31, 2023, together with the report of the auditors thereon; to declare the final dividend of INR 0.50 per equity shares of INR 10/- each for the financial year ended march 31, 2023; to consider appointment of Mr. Roger James lord as director of the company; to consider re-appointment of Mr. Vikas Jain as chairman & managing director of the company; and discuss other business matters. New Risk • Aug 16
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: 6.3% Last year net profit margin: 9.5% 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 Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.3% net profit margin). Market cap is less than US$100m (₹3.76b market cap, or US$45.2m). Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹0.13 (vs ₹0.62 in 1Q 2023) First quarter 2024 results: EPS: ₹0.13 (down from ₹0.62 in 1Q 2023). Revenue: ₹235.1m (down 9.0% from 1Q 2023). Net income: ₹3.65m (down 79% from 1Q 2023). Profit margin: 1.6% (down from 6.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹154, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 658% over the past three years. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹3.21 (vs ₹3.91 in FY 2022) Full year 2023 results: EPS: ₹3.21 (down from ₹3.91 in FY 2022). Revenue: ₹1.28b (up 9.0% from FY 2022). Net income: ₹89.7m (down 18% from FY 2022). Profit margin: 7.0% (down from 9.3% 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 24% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹116, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 912% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.45 (vs ₹1.07 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.45 (down from ₹1.07 in 3Q 2022). Revenue: ₹364.0m (up 18% from 3Q 2022). Net income: ₹12.5m (down 58% from 3Q 2022). Profit margin: 3.4% (down from 9.6% 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 24% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 14
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 29 October 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (5.9%). Announcement • Sep 03
South West Pinnacle Exploration Limited, Annual General Meeting, Sep 29, 2022 South West Pinnacle Exploration Limited, Annual General Meeting, Sep 29, 2022, at 15:00 Indian Standard Time. Agenda: To consider the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon; to consider the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Report of the Auditors thereon; to declare the final dividend; to consider appointment of Mr. Roger Jameslord as director; and to transact other matters. Reported Earnings • May 27
Full year 2022 earnings released: EPS: ₹3.91 (vs ₹3.66 in FY 2021) Full year 2022 results: EPS: ₹3.91 (up from ₹3.66 in FY 2021). Revenue: ₹1.18b (up 14% from FY 2021). Net income: ₹109.2m (up 6.8% from FY 2021). Profit margin: 9.3% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₹242, the stock trades at a trailing P/E ratio of 77.4x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 1,154% over the past three years. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.07 (down from ₹1.08 in 3Q 2021). Revenue: ₹308.9m (up 9.4% from 3Q 2021). Net income: ₹29.7m (down 1.1% from 3Q 2021). Profit margin: 9.6% (down from 11% 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 2% per year but the company’s share price has increased by 127% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS ₹0.82 (vs ₹1.32 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹288.3m (up 14% from 2Q 2021). Net income: ₹22.8m (down 38% from 2Q 2021). Profit margin: 7.9% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 81% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 20% share price gain to ₹125, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 436% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 15% share price gain to ₹97.00, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 11x in the Metals and Mining industry in India. Total returns to shareholders of 201% over the past three years. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS ₹0.46 (vs ₹0.48 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: ₹243.8m (up 60% from 1Q 2021). Net income: ₹12.8m (down 3.7% from 1Q 2021). Profit margin: 5.3% (down from 8.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 24% share price gain to ₹67.90, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 135% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 17% share price gain to ₹47.40, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 47% over the past three years. Reported Earnings • Jun 11
Full year 2021 earnings released: EPS ₹3.77 (vs ₹1.17 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.05b (up 23% from FY 2020). Net income: ₹105.3m (up 221% from FY 2020). Profit margin: 10.0% (up from 3.8% in FY 2020). The increase in margin was driven by higher revenue. 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 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹39.30, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total loss to shareholders of 1.2% over the past three years. Is New 90 Day High Low • Jan 29
New 90-day high: ₹49.95 The company is up 22% from its price of ₹40.80 on 30 October 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 37% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: ₹44.55 The company is up 46% from its price of ₹30.50 on 15 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 53% over the same period. 
