Reported Earnings • May 26
Full year 2026 earnings released: EPS: ₹0.06 (vs ₹0.026 in FY 2025) Full year 2026 results: EPS: ₹0.06 (up from ₹0.026 in FY 2025). Revenue: ₹112.4m (up 46% from FY 2025). Net income: ₹32.4m (up 141% from FY 2025). Profit margin: 29% (up from 18% 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 80% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • May 18
Radhe Developers (India) Limited to Report Q4, 2026 Results on May 25, 2026 Radhe Developers (India) Limited announced that they will report Q4, 2026 results on May 25, 2026 New Risk • Apr 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 8.8% 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (₹129m revenue, or US$1.4m). Market cap is less than US$100m (₹938.6m market cap, or US$10.2m). 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 ₹1.42, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 23x in the Real Estate industry in India. Total loss to shareholders of 80% over the past three years. New Risk • Mar 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹828.8m (US$9.06m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (₹828.8m market cap, or US$9.06m). Minor Risk Revenue is less than US$5m (₹129m revenue, or US$1.4m). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹1.51, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 26x in the Real Estate industry in India. Total loss to shareholders of 81% over the past three years. Reported Earnings • Jan 31
Third quarter 2026 earnings released: ₹0.03 loss per share (vs ₹0.02 loss in 3Q 2025) Third quarter 2026 results: ₹0.03 loss per share (further deteriorated from ₹0.02 loss in 3Q 2025). Revenue: ₹1.03m (up 272% from 3Q 2025). Net loss: ₹15.3m (loss widened 18% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Jan 22
Radhe Developers (India) Limited to Report Q3, 2026 Results on Jan 30, 2026 Radhe Developers (India) Limited announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Oct 17
Second quarter 2026 earnings released: EPS: ₹0.02 (vs ₹0.03 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.02 (down from ₹0.03 in 2Q 2025). Revenue: ₹25.0m (down 24% from 2Q 2025). Net income: ₹7.86m (down 47% from 2Q 2025). Profit margin: 32% (down from 45% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Oct 10
Radhe Developers (India) Limited to Report Q2, 2026 Results on Oct 16, 2025 Radhe Developers (India) Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Oct 16, 2025 Announcement • Sep 25
Radhe Developers (India) Limited Announces Board Appointments Radhe Developers (India) Limited announced that at the AGM held on September 23, 2025, approved the appointment of Mr. Rajendra Bholabhai Patel as Independent Director, Mr. Dineshsingh Kshatriya as Independent Director. Announcement • Aug 28
Radhe Developers (India) Limited, Annual General Meeting, Sep 23, 2025 Radhe Developers (India) Limited, Annual General Meeting, Sep 23, 2025, at 11:00 Indian Standard Time. Location: radhe acers, block no. 220, 226 & 227, b/h. applewoods township, shela, ahmedabad - 380058, India Reported Earnings • Jul 29
First quarter 2026 earnings released: EPS: ₹0.07 (vs ₹0.02 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.07 (up from ₹0.02 loss in 1Q 2025). Revenue: ₹61.5m (up ₹59.5m from 1Q 2025). Net income: ₹38.8m (up ₹49.0m from 1Q 2025). Profit margin: 63% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Jul 22
Radhe Developers (India) Limited to Report Q1, 2026 Results on Jul 28, 2025 Radhe Developers (India) Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Jul 28, 2025 Board Change • Jun 19
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. Independent Non-Executive Director Nirav Patel 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. Announcement • May 16
Radhe Developers (India) Limited to Report Q4, 2025 Results on May 24, 2025 Radhe Developers (India) Limited announced that they will report Q4, 2025 results at 9:15 AM, Indian Standard Time on May 24, 2025 New Risk • Apr 02
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 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Earnings have declined by 8.5% per year over the past 5 years. Revenue is less than US$1m (₹79m revenue, or US$929k). Minor Risk Market cap is less than US$100m (₹953.2m market cap, or US$11.1m). New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹838.0m (US$9.77m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 8.5% per year over the past 5 years. Revenue is less than US$1m (₹79m revenue, or US$926k). Market cap is less than US$10m (₹838.0m market cap, or US$9.77m). Announcement • Jan 24
Radhe Developers (India) Limited to Report Q3, 2025 Results on Jan 31, 2025 Radhe Developers (India) Limited announced that they will report Q3, 2025 results on Jan 31, 2025 New Risk • Nov 05
New major risk - Revenue and earnings growth Earnings have declined by 1.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.4% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Revenue is less than US$5m (₹91m revenue, or US$1.1m). Market cap is less than US$100m (₹1.66b market cap, or US$19.7m). New Risk • Oct 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue is less than US$1m (₹59m revenue, or US$699k). Minor Risks Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Market cap is less than US$100m (₹1.62b market cap, or US$19.3m). Announcement • Oct 22
Radhe Developers (India) Limited to Report Q2, 2025 Results on Oct 29, 2024 Radhe Developers (India) Limited announced that they will report Q2, 2025 results on Oct 29, 2024 Announcement • Sep 11
Radhe Developers (India) Limited, Annual General Meeting, Sep 27, 2024 Radhe Developers (India) Limited, Annual General Meeting, Sep 27, 2024, at 11:00 Indian Standard Time. Location: radhe acers, block no. 220, 226 &, 227, b/h. applewoods township, shela, ahmedabad 380058, gujarat., ahmedabad India Reported Earnings • Aug 06
First quarter 2025 earnings released: ₹0.02 loss per share (vs ₹0.02 loss in 1Q 2024) First quarter 2025 results: ₹0.02 loss per share (in line with 1Q 2024). Net loss: ₹10.2m (loss widened 6.1% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 156 percentage points per year, which is a significant difference in performance. Announcement • Jul 29
Radhe Developers (India) Limited to Report Q1, 2025 Results on Aug 05, 2024 Radhe Developers (India) Limited announced that they will report Q1, 2025 results on Aug 05, 2024 Announcement • May 31
Radhe Developers (India) Limited Announces Rahul Krishkumar Mehra leaves as Independent Director Radhe Developers (India) Limited announced Outcome of the Board Meeting held on May 30,2024 approved Vacation of office of Mr. Rahul Krishkumar Mehra has vacated his office as independent Director, effective from May 30,2024. Announcement • May 25
Radhe Developers (India) Limited to Report Q4, 2024 Results on May 30, 2024 Radhe Developers (India) Limited announced that they will report Q4, 2024 results on May 30, 2024 Recent Insider Transactions • Feb 06
Non-Executive Woman Director recently bought ₹1.9m worth of stock On the 5th of February, Jahnavi Patel bought around 500k shares on-market at roughly ₹3.83 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹4.8m more in shares than they have sold in the last 12 months. New Risk • Jan 26
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 7.4% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue is less than US$1m (₹76m revenue, or US$915k). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (₹2.10b market cap, or US$25.3m). Announcement • Jan 25
Radhe Developers (India) Limited to Report Q3, 2023 Results on Feb 01, 2024 Radhe Developers (India) Limited announced that they will report Q3, 2023 results on Feb 01, 2024 Announcement • Jan 15
Radhe Developers (India) Limited announced that it expects to receive INR 85.61166 million in funding Radhe Developers (India) Limited announced a private placement of up to 20,143,920 common shares of face value of INR 1 each at an issue price of INR 4.25 per share for the gross proceeds of INR 85,611,660? on a preferential basis on January 13, 2024. The transaction will include participation from new individual investor Ashish P. Patel. The transaction has been approved by the shareholders of the company and is subject to approval of shareholders of the company at their Extra Ordinary General Meeting to be held on February 14, 2024. Recent Insider Transactions • Dec 14
Non-Executive Woman Director recently bought ₹184k worth of stock On the 12th of December, Jahnavi Patel bought around 40k shares on-market at roughly ₹4.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹2.8m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 21
Non-Executive Woman Director recently bought ₹68k worth of stock On the 17th of November, Jahnavi Patel bought around 24k shares on-market at roughly ₹2.87 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹2.6m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 08
Second quarter 2024 earnings released: ₹0.03 loss per share (vs ₹0.04 profit in 2Q 2023) Second quarter 2024 results: ₹0.03 loss per share (down from ₹0.04 profit in 2Q 2023). Net loss: ₹13.9m (down 163% from profit in 2Q 2023). 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 88% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 26
Radhe Developers (India) Limited to Report Q2, 2024 Results on Nov 03, 2023 Radhe Developers (India) Limited announced that they will report Q2, 2024 results at 12:15 PM, Indian Standard Time on Nov 03, 2023 Announcement • Sep 21
Radhe Developers (India) Limited Approves Appointment of Nirav V. Patel as an Independent Director Radhe Developers (India) Limited announced at annual general meeting held on September 19, 2023, the shareholders approved appointment of Mr. Nirav V. Patel as an Independent Director of the company. Announcement • Aug 26
Radhe Developers (India) Limited, Annual General Meeting, Sep 19, 2023 Radhe Developers (India) Limited, Annual General Meeting, Sep 19, 2023, at 11:30 Indian Standard Time. Location: Radhe Acers, Block No. 220,226 & 227, B/h. Applewoods Township, Shela Ahmedabad Gujarat India Agenda: To receive, consider and adopt the Audited Financial Statements of the company for the financial year ended March 31, 2023 and the reports of the board of directors and auditors thereon; to appoint Ms. Jahnavi A. Patel, who retires by rotation and being eligible, offers herself for re-appointment as a director; to appoint statutory auditors and fix their remuneration and in this regard, to consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution; to re-appoint Mr. Tusharkumar K. Patel as an Independent Director for the second term and in this regard consider and, if thought fit, to pass the following resolution as a SPECIAL RESOLUTION; and to discuss other matters. Announcement • Jul 24
Radhe Developers (India) Limited to Report Q1, 2024 Results on Jul 29, 2023 Radhe Developers (India) Limited announced that they will report Q1, 2024 results on Jul 29, 2023 Announcement • Jul 23
Radhe Developers (India) Limited Appoints Mr. Nirav Patel, as an Additional Independent Director Radhe Developers (India) Limited at Meeting of the Board of Directors on July 29, 2023, the company approved to Consider the proposal for appointment of Mr. Nirav Patel, as an Additional independent Director. Reported Earnings • May 25
Full year 2023 earnings released: EPS: ₹0.015 (vs ₹0.50 in FY 2022) Full year 2023 results: EPS: ₹0.015 (down from ₹0.50 in FY 2022). Revenue: ₹153.3m (down 65% from FY 2022). Net income: ₹7.11m (down 97% from FY 2022). Profit margin: 4.6% (down from 58% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 80% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Radhe Developers (India) Limited to Report Q4, 2023 Results on May 23, 2023 Radhe Developers (India) Limited announced that they will report Q4, 2023 results on May 23, 2023 Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹3.68, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 24x in the Real Estate industry in India. Total returns to shareholders of 678% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹5.79, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 22x in the Real Estate industry in India. Total returns to shareholders of 969% over the past three years. Recent Insider Transactions • Mar 23
Non-Executive Women Director recently bought ₹778k worth of stock On the 21st of March, Jahnavi Patel bought around 101k shares on-market at roughly ₹7.74 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹1.7m. Insiders have collectively bought ₹3.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 21
Non-Executive Women Director recently bought ₹1.7m worth of stock On the 17th of February, Jahnavi Patel bought around 195k shares on-market at roughly ₹8.80 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹2.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 14
Non-Executive Women Director recently bought ₹428k worth of stock On the 10th of February, Jahnavi Patel bought around 50k shares on-market at roughly ₹8.57 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹789k. Insiders have collectively bought ₹1.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 10
Non-Executive Women Director recently bought ₹273k worth of stock On the 8th of February, Jahnavi Patel bought around 34k shares on-market at roughly ₹7.95 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹789k. Insiders have collectively bought ₹1.1m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹8.35, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 23x in the Real Estate industry in India. Total returns to shareholders of 1,151% over the past three years. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: ₹0.78 (vs ₹0.29 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.78. Revenue: ₹79.6m (down 57% from 3Q 2022). Net income: ₹39.0m (down 73% from 3Q 2022). Profit margin: 49% (down from 78% in 3Q 2022). Announcement • Jan 24
Radhe Developers (India) Limited to Report Q3, 2023 Results on Jan 31, 2023 Radhe Developers (India) Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Recent Insider Transactions • Dec 19
Non-Executive Women Director recently bought ₹789k worth of stock On the 16th of December, Jahnavi Patel bought around 95k shares on-market at roughly ₹8.31 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹948k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 29
Non-Executive Women Director recently bought ₹159k worth of stock On the 28th of November, Jahnavi Patel bought around 20k shares on-market at roughly ₹8.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Oct 13
Radhe Developers (India) Limited to Report Q2, 2023 Results on Oct 20, 2022 Radhe Developers (India) Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Oct 20, 2022 Reported Earnings • Jul 23
First quarter 2023 earnings released: EPS: ₹0.19 (vs ₹0.014 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.19 (up from ₹0.014 loss in 1Q 2022). Revenue: ₹30.7m (up ₹30.3m from 1Q 2022). Net income: ₹4.73m (up ₹12.0m from 1Q 2022). Profit margin: 15% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has increased by 219% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 16
Radhe Developers (India) Limited to Report Q1, 2023 Results on Jul 22, 2022 Radhe Developers (India) Limited announced that they will report Q1, 2023 results on Jul 22, 2022 Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹236, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 2,172% over the past three years. Reported Earnings • Jun 10
Full year 2022 earnings released Full year 2022 results: Revenue: ₹436.2m (up ₹427.3m from FY 2021). Net income: ₹252.3m (up ₹252.3m from FY 2021). Profit margin: 58% (up from 0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has increased by 197% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 09
Radhe Developers (India) Limited, Annual General Meeting, Jul 04, 2022 Radhe Developers (India) Limited, Annual General Meeting, Jul 04, 2022, at 11:30 Indian Standard Time. Location: 1 st, Floor, Chunibhai Chambers, Behind City Gold Cinema, Ashram Road Ahemdabad India Agenda: To consider and Adopt Audited Financial Statements, the Reports of the Board of Directors and the Auditors for the financial year ended on March 31, 2022; to consider appointment of a director in place of Shri Alok H. Vaidya, who liable to retire by rotation and being eligible offers herself for re-appointment; to consider appoint Statutory Auditor of the Company and fix their Remuneration; and to consider other matters. Announcement • May 20
Radhe Developers (India) Limited to Report Q4, 2022 Results on May 27, 2022 Radhe Developers (India) Limited announced that they will report Q4, 2022 results on May 27, 2022 Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 15% share price gain to ₹165, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 1,501% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₹241, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 29x in the Real Estate industry in India. Total returns to shareholders of 1,683% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹219, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 33x in the Real Estate industry in India. Total returns to shareholders of 1,560% over the past three years. Recent Insider Transactions • Nov 03
Non-Executive Women Director recently bought ₹1.8m worth of stock On the 1st of November, Jahnavi Patel bought around 12k shares on-market at roughly ₹148 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Oct 31
High number of new directors Additional Independent Director Rahul Mehra was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 21% share price gain to ₹106, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 34x in the Real Estate industry in India. Total returns to shareholders of 545% over the past three years. Reported Earnings • Oct 16
Second quarter 2022 earnings released: EPS ₹3.62 (vs ₹0.23 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹147.0m (up ₹141.4m from 2Q 2021). Net income: ₹91.1m (up ₹96.9m from 2Q 2021). Profit margin: 62% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 70% per year, which means it is well ahead of earnings. Executive Departure • Oct 03
Non-Executive Independent Director Dineshsingh Kshatriya has left the company On the 25th of September, Dineshsingh Kshatriya's tenure as Non-Executive Independent Director ended after 8.9 years in the role. As of June 2021, Dineshsingh still personally held only 31.50k shares (₹311k worth at the time). Dineshsingh is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.00 years. Recent Insider Transactions • Aug 27
Non-Executive Women Director recently bought ₹63k worth of stock On the 25th of August, Jahnavi Patel bought around 4k shares on-market at roughly ₹16.41 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions • Jul 27
Non-Executive Women Director recently bought ₹190k worth of stock On the 23rd of July, Jahnavi Patel bought around 16k shares on-market at roughly ₹12.09 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹357k more in shares than they have sold in the last 12 months. Reported Earnings • Jul 18
First quarter 2022 earnings released: ₹0.29 loss per share (vs ₹0.30 loss in 1Q 2021) First quarter 2022 results: Net loss: ₹7.31m (loss narrowed 2.8% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 13
Full year 2021 earnings released: ₹1.16 loss per share (vs ₹0.76 loss in FY 2020) Full year 2021 results: Net loss: ₹29.1m (loss widened 53% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 26
New 90-day low: ₹8.39 The company is down 8.0% from its price of ₹9.15 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 40% over the same period. Reported Earnings • Jan 23
Third quarter 2021 earnings released: ₹0.34 loss per share Third quarter 2021 results: Net loss: ₹8.62m (loss narrowed 23% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 77% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 22
New 90-day low: ₹8.56 The company is down 10.0% from its price of ₹9.48 on 23 October 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 41% over the same period. Announcement • Jan 14
Radhe Developers (India) Limited to Report Q3, 2021 Results on Jan 22, 2021 Radhe Developers (India) Limited announced that they will report Q3, 2021 results on Jan 22, 2021 Is New 90 Day High Low • Nov 04
New 90-day low: ₹8.69 The company is down 11% from its price of ₹9.80 on 06 August 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 15% over the same period. Reported Earnings • Oct 26
First half earnings released Over the last 12 months the company has reported total losses of ₹24.4m, with losses widening by 63% from the prior year. Announcement • Oct 15
Radhe Developers (India) Limited to Report Q2, 2021 Results on Oct 23, 2020 Radhe Developers (India) Limited announced that they will report Q2, 2021 results on Oct 23, 2020 Is New 90 Day High Low • Oct 09
New 90-day low: ₹9.01 The company is down 7.0% from its price of ₹9.74 on 10 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 8.0% over the same period. Announcement • Jun 17
Radhe Developers (India) Limited to Report Q4, 2020 Results on Jun 22, 2020 Radhe Developers (India) Limited announced that they will report Q4, 2020 results on Jun 22, 2020 
