New Risk • Jul 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (₹787.0m market cap, or US$8.29m). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Revenue is less than US$5m (₹149m revenue, or US$1.6m). Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹0.12 (vs ₹0.27 in FY 2025) Full year 2026 results: EPS: ₹0.12 (down from ₹0.27 in FY 2025). Revenue: ₹159.5m (up 185% from FY 2025). Net income: ₹6.53m (down 55% from FY 2025). Profit margin: 4.1% (down from 26% in FY 2025). 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 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹13.96, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 26x in the Entertainment industry in India. Total returns to shareholders of 7.7% over the past three years. Announcement • May 08
Baba Arts Limited to Report Q4, 2026 Results on May 21, 2026 Baba Arts Limited announced that they will report Q4, 2026 results on May 21, 2026 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹14.60, the stock trades at a trailing P/E ratio of 77.6x. Average trailing P/E is 36x in the Entertainment industry in India. Negligible returns to shareholders over past three years. Announcement • Feb 26
Skybridge Interactive LLP entered into a Share Purchase Agreement to acquire 74.67% stake in Baba Arts Limited (BSE:532380) from Gordhan Prabhudas Tanwani for approximately INR 240 million. Skybridge Interactive LLP entered into a Share Purchase Agreement to acquire 74.67% stake in Baba Arts Limited (BSE:532380) from Gordhan Prabhudas Tanwani for approximately INR 240 million on February 25, 2026. A cash consideration valued at INR 6 per share will be paid by Skybridge Interactive LLP. Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹0.01 (vs ₹0.053 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.01 (down from ₹0.053 in 3Q 2025). Revenue: ₹28.7m (up 167% from 3Q 2025). Net income: ₹518.0k (down 81% from 3Q 2025). Profit margin: 1.8% (down from 26% 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 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹8.25, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 30x in the Entertainment industry in India. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹9.39, the stock trades at a trailing P/E ratio of 40.6x. Average trailing P/E is 25x in the Entertainment industry in India. Total loss to shareholders of 43% over the past three years. New Risk • Dec 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 7.8% 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 Earnings have declined by 17% per year over the past 5 years. High level of non-cash earnings (95% accrual ratio). Market cap is less than US$10m (₹488.3m market cap, or US$5.46m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Revenue is less than US$5m (₹111m revenue, or US$1.2m). Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹7.75, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 27x in the Entertainment industry in India. Total loss to shareholders of 53% over the past three years. New Risk • Nov 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: 30% 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 Earnings have declined by 17% per year over the past 5 years. High level of non-cash earnings (95% accrual ratio). Market cap is less than US$10m (₹391.1m market cap, or US$4.41m). Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Revenue is less than US$5m (₹107m revenue, or US$1.2m). Announcement • Nov 04
Baba Arts Limited to Report Q2, 2026 Results on Nov 11, 2025 Baba Arts Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 11
Full year 2025 earnings released: EPS: ₹0.27 (vs ₹0.38 in FY 2024) Full year 2025 results: EPS: ₹0.27 (down from ₹0.38 in FY 2024). Revenue: ₹55.9m (down 51% from FY 2024). Net income: ₹14.4m (down 27% from FY 2024). Profit margin: 26% (up from 17% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Aug 02
Baba Arts Limited to Report Q1, 2026 Results on Aug 12, 2025 Baba Arts Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 27
Full year 2025 earnings released: EPS: ₹0.27 (vs ₹0.38 in FY 2024) Full year 2025 results: EPS: ₹0.27 (down from ₹0.38 in FY 2024). Revenue: ₹55.9m (down 51% from FY 2024). Net income: ₹14.4m (down 27% from FY 2024). Profit margin: 26% (up from 17% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • May 22
Baba Arts Limited, Annual General Meeting, Sep 18, 2025 Baba Arts Limited, Annual General Meeting, Sep 18, 2025, at 11:30 Indian Standard Time. Location: juhu vile parle gymkhana club, activity hall, ground floor, juhu, mumbai - 400049, mumbai India Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹9.09, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 46x in the Entertainment industry in India. Total loss to shareholders of 47% over the past three years. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.053 (vs ₹0.30 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.053 (down from ₹0.30 in 3Q 2024). Revenue: ₹13.9m (down 73% from 3Q 2024). Net income: ₹2.79m (down 82% from 3Q 2024). Profit margin: 20% (down from 30% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 18% per year. Announcement • Jan 28
Baba Arts Limited to Report Q3, 2025 Results on Feb 13, 2025 Baba Arts Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Announcement • Jan 04
Baba Arts Limited Appoints Nikhil G Tanwani as Managing Director Baba Arts Limited announced that Whole time director and CMD Gordhan P Tanwani's son Nikhil G Tanwani was appointed as the microcap company's chairman & managing director effective 1 November 2024, a couple of days after his father stepped down due to old age and ill health. The company had approached its shareholders to give their consent to the proposal through an e-voting ballot process between 3 December 2024 and 1 January 2025. With the evoting closed on 2 January 202, the scrutiniser gave
his report which showed that the proposal got 100% of the shareholders assent. Announcement • Jan 03
Baba Arts Limited Appoints Nikhil G Tanwani as Chairman Baba Arts Limited announced that Whole time director and CMD Gordhan P Tanwani's son Nikhil G Tanwani was appointed as the microcap company's chairman effective 1 November 2024, a couple of days after his father stepped down due to old age and ill health. Board Change • Nov 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director Malavika Acharya is the most experienced director on the board, commencing their role in 2015. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹16.64, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 33x in the Entertainment industry in India. Total returns to shareholders of 4.7% over the past three years. New Risk • Oct 23
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹78m (US$925k) This is considered a major risk. Companies with a small amount of revenue 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: Major Risks Revenue is less than US$1m (₹78m revenue, or US$925k). Market cap is less than US$10m (₹668.9m market cap, or US$7.96m). Announcement • Oct 10
Baba Arts Limited to Report Q2, 2025 Results on Oct 22, 2024 Baba Arts Limited announced that they will report Q2, 2025 results on Oct 22, 2024 Buy Or Sell Opportunity • Oct 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.9% to ₹12.87. The fair value is estimated to be ₹16.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 24%. Buy Or Sell Opportunity • Sep 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to ₹13.03. The fair value is estimated to be ₹16.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 24%. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.075 (vs ₹0.067 in 1Q 2024) First quarter 2025 results: EPS: ₹0.075 (up from ₹0.067 in 1Q 2024). Revenue: ₹12.2m (up 35% from 1Q 2024). Net income: ₹3.95m (up 12% from 1Q 2024). Profit margin: 32% (down from 39% 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 24% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Aug 03
Baba Arts Limited to Report Q1, 2025 Results on Aug 13, 2024 Baba Arts Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Announcement • May 24
Baba Arts Limited, Annual General Meeting, Sep 18, 2024 Baba Arts Limited, Annual General Meeting, Sep 18, 2024, at 11:30 Indian Standard Time. Location: juhu vile parle gymkhana club ltd, orchid hall, second floor, juhu, mumbai-400049., mumbai India Reported Earnings • May 22
Full year 2024 earnings released: EPS: ₹0.38 (vs ₹0.20 in FY 2023) Full year 2024 results: EPS: ₹0.38 (up from ₹0.20 in FY 2023). Revenue: ₹124.8m (up 348% from FY 2023). Net income: ₹19.7m (up 93% from FY 2023). Profit margin: 16% (down from 37% 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 28% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • May 12
Baba Arts Limited to Report Q4, 2024 Results on May 21, 2024 Baba Arts Limited announced that they will report Q4, 2024 results on May 21, 2024 New Risk • Apr 11
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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹787.0m market cap, or US$9.44m). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Revenue is less than US$5m (₹115m revenue, or US$1.4m). Board Change • Apr 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Independent Non-Executive Director Malavika Acharya was the last independent director to join the board, commencing their role in 2015. 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 • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹14.18, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 36x in the Entertainment industry in India. Total returns to shareholders of 53% over the past three years. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹0.30 (vs ₹0.051 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.30 (up from ₹0.051 in 3Q 2023). Revenue: ₹55.3m (up ₹49.1m from 3Q 2023). Net income: ₹15.6m (up 484% from 3Q 2023). Profit margin: 28% (down from 43% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Feb 07
Baba Arts Limited to Report Q3, 2024 Results on Feb 13, 2024 Baba Arts Limited announced that they will report Q3, 2024 results at 3:30 PM, Indian Standard Time on Feb 13, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹15.17, the stock trades at a trailing P/E ratio of 71.3x. Average trailing P/E is 44x in the Entertainment industry in India. Total returns to shareholders of 61% over the past three years. Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹0.016 (vs ₹0.03 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.016 (down from ₹0.03 in 2Q 2023). Revenue: ₹48.7m (up ₹44.7m from 2Q 2023). Net income: ₹854.0k (down 46% from 2Q 2023). Profit margin: 1.8% (down from 40% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹13.00, the stock trades at a trailing P/E ratio of 57.4x. Average trailing P/E is 42x in the Entertainment industry in India. Total returns to shareholders of 36% over the past three years. Announcement • Oct 24
Baba Arts Limited to Report Q2, 2024 Results on Nov 03, 2023 Baba Arts Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Nov 03, 2023 Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹15.77, the stock trades at a trailing P/E ratio of 69.6x. Average trailing P/E is 42x in the Entertainment industry in India. Total returns to shareholders of 121% over the past three years. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹0.067 (vs ₹0.035 in 1Q 2023) First quarter 2024 results: EPS: ₹0.067 (up from ₹0.035 in 1Q 2023). Revenue: ₹11.1m (up 7.5% from 1Q 2023). Net income: ₹3.53m (up 90% from 1Q 2023). Profit margin: 32% (up from 18% in 1Q 2023). The increase in margin was primarily driven by lower 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 26% per year, which means it is well ahead of earnings. Announcement • Aug 09
Baba Arts Limited, Annual General Meeting, Sep 12, 2023 Baba Arts Limited, Annual General Meeting, Sep 12, 2023, at 11:30 Indian Standard Time. Location: Juhu Vile Parle Gymkhana Club. Orchid Hall Second Floor, Opp. Juhu Bus Depot. Juhu Mumbai Maharashtra India Agenda: To consider and adopt the audited financial statements and the reports of the Board of Directors and Auditors thereon for the financial year ended on 31st March, 2023; to consider appoint director in place of Shri Nikhil G. Tanwani who retires by rotation and being eligible offers himself for reappointment; and to consider Re-appoint Shri Gordhan P. Tanwani as Managing Director. Announcement • Aug 01
Baba Arts Limited to Report Q1, 2024 Results on Aug 09, 2023 Baba Arts Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 09, 2023 New Risk • Aug 01
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 9.6% 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 (9.6% average weekly change). High level of non-cash earnings (23% accrual ratio). Revenue is less than US$1m (₹28m revenue, or US$339k). Market cap is less than US$10m (₹792.8m market cap, or US$9.64m). New Risk • Jun 08
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 Risks High level of non-cash earnings (23% accrual ratio). Revenue is less than US$1m (₹38m revenue, or US$463k). Market cap is less than US$10m (₹741.3m market cap, or US$8.98m). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹0.20 (vs ₹0.57 in FY 2022) Full year 2023 results: EPS: ₹0.20 (down from ₹0.57 in FY 2022). Revenue: ₹38.3m (down 79% from FY 2022). Net income: ₹10.2m (down 66% from FY 2022). Profit margin: 27% (up from 17% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Announcement • May 19
Baba Arts Limited to Report Q4, 2023 Results on May 25, 2023 Baba Arts Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 25, 2023 Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: ₹0.051 (vs ₹0.15 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.051 (down from ₹0.15 in 3Q 2022). Revenue: ₹8.59m (down 90% from 3Q 2022). Net income: ₹2.67m (down 67% from 3Q 2022). Profit margin: 31% (up from 9.0% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
Baba Arts Limited to Report Q3, 2023 Results on Feb 07, 2023 Baba Arts Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: ₹0.03 (vs ₹0.032 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.03 (down from ₹0.032 in 2Q 2022). Revenue: ₹6.02m (down 49% from 2Q 2022). Net income: ₹1.58m (down 5.8% from 2Q 2022). Profit margin: 26% (up from 14% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹16.90, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 51x in the Entertainment industry in India. Total returns to shareholders of 445% over the past three years. Announcement • Sep 22
Baba Arts Limited Announces Board Appointments Baba Arts Limited announced that at its AGM held on September 20, 2022, shareholders approved the appointment of Smt. Malavika A. Acharya as Director of the company liable to retire by rotation. Appointment of Shri Nlkhil G. Tanwani as Director and Appointment of Shri Nikhil G. Tanwani as Whole Time Director of the Company for a period of Five (5) years from 1st June, 2022 to 31st May, 2027 and approval of his Remuneration. Announcement • Aug 23
Baba Arts Limited Announces Resignation of Juhi V. Pania as Independent Director Baba Arts Limited announced that Ms. Juhi V. Pania, Independent Director of the Company has vide her resignation letter dated 23rd August, 2022 resigned as Director of the Company with immediate effect. She has informed that she has shifted abroad for Indefinite period of time and as such she would not be able to devote time for attending the Board and Committee meetings of the company. Consequent to her resignation, Ms. Juhi V. Pania, Independent Director of the company has also ceased as Member of Audit Committee, Stakeholder's Relationship Committee, and Nomination and Remuneration Committee of the company with effect from 23rd August, 2022. Reconstituted committees of the Company with effect from 23rd August, 2022 are as follows: Audit Committee: Shri Santosh A. Shah as Chairman, Shri Sanjiv L. Hinduja and Mrs. Malavika A. Acharya as members; Nomination and Remuneration Committee: Shri Sanjiv L. Hinduja as Chairman, Shri Santosh A. Shah and Mrs. Malavika A. Acharya as members; Stakeholder's Relationship Committee: Shri Sanjiv L. Hinduja as Chairman, Shri Gordhan P. Tanwani and Shri Santosh A. Shah as members. Announcement • Aug 19
Baba Arts Limited, Annual General Meeting, Sep 20, 2022 Baba Arts Limited, Annual General Meeting, Sep 20, 2022, at 11:30 Indian Standard Time. Location: at Juhu Vile Parle Gymkhana Club, Orchid Hall, Second Floor, Opp. Juhu Bus Depot, Juhu, Mumbai-400049. Mumbai Maharashtra India Agenda: To receive, consider and adopt the audited financial statements and the reports of the Board of Directors and Auditors thereon for the financial year ended on 31st March, 2022 ; to appoint director in place of Smt Malavika A. Acharya (DIN 07007469) who retires by rotation and being eligible offers herself for reappointment; to Appoint M/s. M M Nissim & Co. LLP as Statutory Auditors of the Company; and to consider other matters. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹0.035 (vs ₹0.28 in 1Q 2022) First quarter 2023 results: EPS: ₹0.035 (down from ₹0.28 in 1Q 2022). Revenue: ₹13.3m (down 56% from 1Q 2022). Net income: ₹1.85m (down 87% from 1Q 2022). Profit margin: 14% (down from 49% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 43% 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 • Aug 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₹18.75, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 46x in the Entertainment industry in India. Total returns to shareholders of 536% over the past three years. Announcement • Jul 28
Baba Arts Limited to Report Q1, 2023 Results on Aug 10, 2022 Baba Arts Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 10, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: ₹0.57 (vs ₹0.53 in FY 2021) Full year 2022 results: EPS: ₹0.57 (up from ₹0.53 in FY 2021). Revenue: ₹189.2m (up 42% from FY 2021). Net income: ₹29.8m (up 6.1% from FY 2021). Profit margin: 16% (down from 21% 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 50% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹19.25, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 54x in the Entertainment industry in India. Total returns to shareholders of 359% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 44% share price gain to ₹24.10, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 52x in the Entertainment industry in India. Total returns to shareholders of 489% over the past three years. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS ₹0.032 (vs ₹0.41 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹14.3m (down 75% from 2Q 2021). Net income: ₹1.67m (down 92% from 2Q 2021). Profit margin: 12% (down from 38% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₹17.95, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 30x in the Entertainment industry in India. Total returns to shareholders of 481% over the past three years. Board Change • Jul 31
High number of new directors Additional Non-Executive Independent Director Juhi Pania was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 22
First quarter 2022 earnings released: EPS ₹0.28 (vs ₹0.05 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: ₹32.5m (down 47% from 1Q 2021). Net income: ₹14.6m (up 456% from 1Q 2021). Profit margin: 45% (up from 4.3% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 18% share price gain to ₹19.50, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 37x in the Entertainment industry in India. Total returns to shareholders of 491% over the past three years. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS ₹0.53 (vs ₹0.086 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹145.2m (up ₹143.4m from FY 2020). Net income: ₹28.0m (up ₹23.5m from FY 2020). Profit margin: 19% (down from 254% in FY 2020). The decrease in margin was primarily 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 increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improved over the past week After last week's 24% share price gain to ₹14.78, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 29x in the Entertainment industry in India. Total returns to shareholders of 391% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 18% share price gain to ₹11.19, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 29x in the Entertainment industry in India. Total returns to shareholders of 261% over the past three years. Reported Earnings • Feb 06
Third quarter 2021 earnings released: ₹0.049 loss per share (vs ₹0.022 profit in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and control over costs were weaker. Third quarter 2021 results: Revenue: ₹2.61m (up 421% from 3Q 2020). Net loss: ₹2.57m (down 318% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 22
Baba Arts Limited to Report Q3, 2021 Results on Feb 04, 2021 Baba Arts Limited announced that they will report Q3, 2021 results on Feb 04, 2021 Is New 90 Day High Low • Jan 19
New 90-day high: ₹11.00 The company is up 35% from its price of ₹8.17 on 21 October 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to ₹10.40, the stock is trading at a trailing P/E ratio of 19.8x, up from the previous P/E ratio of 17.2x. This compares to an average P/E of 41x in the Entertainment industry in India. Total returns to shareholders over the past three years are 278%. Valuation Update With 7 Day Price Move • Nov 16
Market bids up stock over the past week After last week's 19% share price gain to ₹10.22, the stock is trading at a trailing P/E ratio of 19.5x, up from the previous P/E ratio of 16.3x. This compares to an average P/E of 24x in the Entertainment industry in India. Total returns to shareholders over the past three years are 248%. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS ₹0.41 The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₹58.9m (up ₹58.4m from 2Q 2020). Net income: ₹21.7m (up ₹20.5m from 2Q 2020). Profit margin: 37% (down from 227% in 2Q 2020). The decrease in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 43% per year. Valuation Update With 7 Day Price Move • Nov 06
Market pulls back on stock over the past week After last week's 16% share price decline to ₹8.69, the stock is trading at a trailing P/E ratio of 72.2x, down from the previous P/E ratio of 85.8x. This compares to an average P/E of 36x in the Entertainment industry in India. Total returns to shareholders over the past three years are 190%. Valuation Update With 7 Day Price Move • Oct 28
Market bids up stock over the past week After last week's 15% share price gain to ₹9.42, the stock is trading at a trailing P/E ratio of 78.3x, up from the previous P/E ratio of 67.9x. This compares to an average P/E of 33x in the Entertainment industry in India. Total returns to shareholders over the past three years are 214%. Valuation Update With 7 Day Price Move • Oct 26
Market bids up stock over the past week After last week's 16% share price gain to ₹8.98, the stock is trading at a trailing P/E ratio of 74.6x, up from the previous P/E ratio of 64.4x. This compares to an average P/E of 33x in the Entertainment industry in India. Total returns to shareholders over the past three years are 208%. Is New 90 Day High Low • Oct 12
New 90-day high: ₹7.90 The company is up 46% from its price of ₹5.42 on 14 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 21% over the same period. Announcement • Jul 26
Baba Arts Limited to Report Q1, 2021 Results on Aug 05, 2020 Baba Arts Limited announced that they will report Q1, 2021 results on Aug 05, 2020 
