New Risk • Jun 29
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 Earnings have declined by 5.4% per year over the past 5 years. Revenue is less than US$1m (₹8.1m revenue, or US$86k). Market cap is less than US$10m (₹95.3m market cap, or US$1.01m). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). New Risk • May 27
New major risk - Revenue and earnings growth Earnings have declined by 5.4% 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 Earnings have declined by 5.4% per year over the past 5 years. Revenue is less than US$1m (₹8.1m revenue, or US$84k). Market cap is less than US$10m (₹99.4m market cap, or US$1.04m). Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹0.01 (vs ₹0 in FY 2025) Full year 2026 results: EPS: ₹0.01 (up from ₹0 in FY 2025). Revenue: ₹8.09m (up 387% from FY 2025). Net income: ₹509.0k (up ₹478.0k from FY 2025). Profit margin: 6.3% (up from 1.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹1.52, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 25x in the Real Estate industry in India. Total loss to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹1.51, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 27x in the Real Estate industry in India. Total loss to shareholders of 79% over the past three years. Announcement • May 07
Croissance Limited to Report Q4, 2026 Results on May 08, 2026 Croissance Limited announced that they will report Q4, 2026 results on May 08, 2026 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹2.67, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 23x in the Real Estate industry in India. Total loss to shareholders of 62% over the past three years. Reported Earnings • Jan 08
Third quarter 2026 earnings released Third quarter 2026 results: Net income: ₹187.0k (up ₹2.91m from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year and the company’s share price has also fallen by 26% per year. Announcement • Jan 01
Croissance Limited to Report Q3, 2026 Results on Jan 06, 2026 Croissance Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Jan 06, 2026 Recent Insider Transactions • Nov 27
Insider recently sold ₹5.6m worth of stock On the 18th of November, Sangeetha Bahri sold around 1m shares on-market at roughly ₹3.85 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹10m more than they bought in the last 12 months. Announcement • Nov 11
Croissance Limited to Report Q2, 2026 Results on Nov 13, 2025 Croissance Limited announced that they will report Q2, 2026 results on Nov 13, 2025 New Risk • Oct 13
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 8.0% 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 Revenue is less than US$1m (₹1.9m revenue, or US$22k). Market cap is less than US$10m (₹199.5m market cap, or US$2.25m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (4.9% net profit margin). Announcement • Oct 01
Croissance Limited Approves Appointment of Shivani Marda as Independent Director Croissance Limited announced that at its AGM held on September 30, 2025, the shareholders approved the Appointment of Ms. Shivani Marda as Independent Director of the Company. Board Change • Sep 16
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 Non-Independent Director Hriday Bahri 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. Announcement • Sep 10
Croissance Limited, Annual General Meeting, Sep 30, 2025 Croissance Limited, Annual General Meeting, Sep 30, 2025, at 09:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₹1.30m (up 24% from 1Q 2025). Net income: ₹132.0k (up 91% from 1Q 2025). Profit margin: 10% (up from 6.6% in 1Q 2025). The increase in margin was driven by higher revenue. Announcement • Aug 09
Croissance Limited to Report Q1, 2026 Results on Aug 14, 2025 Croissance Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹0 (vs ₹0.01 in FY 2024) Full year 2025 results: EPS: ₹0 (down from ₹0.01 in FY 2024). Revenue: ₹1.66m (down 75% from FY 2024). Net income: ₹31.0k (down 96% from FY 2024). Profit margin: 1.9% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Announcement • May 26
Croissance Limited to Report Q4, 2025 Results on May 30, 2025 Croissance Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 30, 2025 Buy Or Sell Opportunity • Dec 18
Now 21% overvalued Over the last 90 days, the stock has fallen 5.9% to ₹3.81. The fair value is estimated to be ₹3.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Nov 29
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to ₹3.66. The fair value is estimated to be ₹3.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Announcement • Nov 09
Croissance Limited to Report Q2, 2025 Results on Nov 14, 2024 Croissance Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Buy Or Sell Opportunity • Nov 01
Now 25% overvalued Over the last 90 days, the stock has fallen 2.5% to ₹3.88. The fair value is estimated to be ₹3.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Announcement • Oct 24
Croissance Limited, Annual General Meeting, Nov 14, 2024 Croissance Limited, Annual General Meeting, Nov 14, 2024, at 10:00 Indian Standard Time. Buy Or Sell Opportunity • Oct 11
Now 20% overvalued Over the last 90 days, the stock has fallen 4.3% to ₹3.81. The fair value is estimated to be ₹3.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Aug 16
Now 43% overvalued after recent price rise Over the last 90 days, the stock has risen 8.4% to ₹4.51. The fair value is estimated to be ₹3.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 42%. Reported Earnings • Aug 15
First quarter 2025 earnings released First quarter 2025 results: EPS: ₹0.01. Revenue: ₹1.05m (down 76% from 1Q 2024). Net income: ₹69.0k (down 69% from 1Q 2024). Profit margin: 6.6% (up from 5.1% in 1Q 2024). The increase in margin was driven by lower expenses. Announcement • Aug 09
Croissance Limited to Report Q1, 2025 Results on Aug 14, 2024 Croissance Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹0.01 (vs ₹0.071 in FY 2023) Full year 2024 results: EPS: ₹0.01 (down from ₹0.071 in FY 2023). Revenue: ₹6.71m (down 75% from FY 2023). Net income: ₹684.0k (down 86% from FY 2023). Profit margin: 10% (down from 18% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Croissance Limited Announces Board Changes Croissance Limited announced that Reliving of Mr. Chitmi Srinivasa Reddy with effect from May 25, 2024, upon completion of his tenure as Independent Director of the Company. The company also announced that Change in designation of Mr. Hriday Bahri from Executive Director to Non-Executive No-Independent Director of the Company with effect from May 25, 2024. Reconstituted committees of the company with effect from May 25, 2024. M. Sridhar, Non-Executive Independent Director, Chairman; Sowmya Ranganath, Non-Executive Independent Director, Member; Hriday Bahri, Non-Executive Independent Director, Member. Nomination and remuneration committee: M. Sridhar, Non-Executive Independent Director, Chairman; Sowmya Ranganath, Non-Executive Independent Director, Member; Hriday Bahri, Non-Executive Independent Director, Member. Stake holders relationship committee: M. Sridhar, Non-Executive Independent Director, Chairman; Sowmya Ranganath, Non-Executive Independent Director, Member; Hriday Bahri, Non-Executive Independent Director, Member. Announcement • May 25
Croissance Limited to Report Q4, 2024 Results on May 30, 2024 Croissance Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹4.12, the stock trades at a trailing P/E ratio of 66.4x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 45% over the past three years. Reported Earnings • Feb 15
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₹625.0k (down 91% from 3Q 2023). Net income: ₹331.0k (down 80% from 3Q 2023). Profit margin: 53% (up from 23% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
Croissance Limited to Report Q3, 2024 Results on Feb 14, 2024 Croissance Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹4.32, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 28x in the Real Estate industry in India. Total loss to shareholders of 31% over the past three years. Announcement • Nov 05
Croissance Limited to Report Q2, 2024 Results on Nov 10, 2023 Croissance Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Announcement • Oct 24
Croissance Limited, Annual General Meeting, Nov 14, 2023 Croissance Limited, Annual General Meeting, Nov 14, 2023, at 09:00 Indian Standard Time. Location: 306, 1st Floor, 17th Cross, 2nd Block Bangalore Karnataka India Agenda: To receive, consider and adopt the Standalone and Consolidated Audited Balance Sheets as at March 31st, 2023, the Statement of Profit and Loss and Cash Flow Statement for the Financial Year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon; to appoint a Director in place of Mr. Hriday Bahri who retires by rotation and being eligible, offers himself, for re -appointment; to appoint S. D. Mehta & Co., as Statutory Auditors and to fix their remuneration; to consider Re-appointment of Mr. Amaresh Rao Gaikward as an Whole-time Director of the Company;and to consider other matters. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹4.73, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 28x in the Real Estate industry in India. Total loss to shareholders of 5.4% over the past three years. Reported Earnings • Aug 13
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₹4.43m (up 301% from 1Q 2023). Net income: ₹225.0k (up 61% from 1Q 2023). Profit margin: 5.1% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • Aug 03
Croissance Limited to Report Q1, 2024 Results on Aug 11, 2023 Croissance Limited announced that they will report Q1, 2024 results on Aug 11, 2023 New Risk • Jul 25
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 8.7% 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 (8.7% average weekly change). Revenue is less than US$1m (₹27m revenue, or US$334k). Market cap is less than US$10m (₹499.7m market cap, or US$6.11m). Minor Risk Profit margins are more than 30% lower than last year (18% net profit margin). Announcement • May 23
Croissance Limited to Report Q4, 2023 Results on May 29, 2023 Croissance Limited announced that they will report Q4, 2023 results on May 29, 2023 Announcement • Feb 02
Croissance Limited to Report Q3, 2023 Results on Feb 10, 2023 Croissance Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 10, 2023 Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. MD & Additional Executive Director Sravan Veledandi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 09
Croissance Limited, Annual General Meeting, Sep 30, 2022 Croissance Limited, Annual General Meeting, Sep 30, 2022, at 10:00 Indian Standard Time. Location: 7-1-24/2/C, 301/A, DHANSI SURABHI COMPLEX GREENLANDS, AMEERPET Hyderabad India Agenda: To receive, consider and adopt the Standalone and Consolidated Audited Balance Sheets as at March 31, 2022, the Statement of Profit and Loss and Cash Flow Statement for the Financial Year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon; to appoint a Director in place of Mr. Amaresh Rao Gaikward, who retires by rotation and being eligible, offers himself, for re-appointment; and to appoint N G Rao & Associates, as Statutory Auditors and to fix their remuneration. Buying Opportunity • Aug 10
Now 22% undervalued Over the last 90 days, the stock is up 79%. The fair value is estimated to be ₹9.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 30% over the last 3 years. Earnings per share has grown by 31%. Announcement • May 26
Croissance Limited to Report Q4, 2022 Results on May 30, 2022 Croissance Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. MD & Additional Executive Director Sravan Veledandi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 08
Croissance Limited to Report Q3, 2022 Results on Feb 14, 2022 Croissance Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Board Change • Aug 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Additional Executive Director Sravan Veledandi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 02
Full year 2021 earnings released The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: ₹575.0k (down 73% from FY 2020). Net income: ₹227.0k (down 35% from FY 2020). Profit margin: 40% (up from 17% in FY 2020). The increase in margin was driven by lower expenses. Executive Departure • Feb 22
Independent Director has left the company On the 19th of February, Taarika Raj's tenure as Independent Director ended after 1.7 years in the role. We don't have any record of a personal shareholding under Taarika's name. A total of 3 executives have left over the last 12 months. Executive Departure • Feb 22
Non-Executive Independent Director has left the company On the 19th of February, Mathew Oommen's tenure as Non-Executive Independent Director ended after 5.3 years in the role. We don't have any record of a personal shareholding under Mathew's name. A total of 3 executives have left over the last 12 months. Announcement • Feb 20
Swagruha Infrastructure Limited Announces Change in Directorate At the Board Meeting of Swagruha Infrastructure Limited held on February 19, 2021, the following were duly considered and approved by the Board: resignation of Mrs. Taarika Abhishek Raj as Independent Director of the Company. The reason of resignation was due to her personal pre-occupations and no other material reasons. The same has been disclosed and confirmed by Mrs. Taarika Abhishek Raj, Independent Director of the Company in her resignation letter; Resignation of Mr. Mathew Oammen as Director of the Company; appointment of Ms. Sowmya Ranganath (DIN: 09072511) as Additional Non-Executive, Independent Director of the Company; Appointment of Mr. Amaresh Rao Gaikward (DIN: 06824486) as Additional Non-Executive, Non-Independent Director of the Company. Is New 90 Day High Low • Feb 17
New 90-day low: ₹5.60 The company is down 5.0% from its price of ₹5.89 on 18 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 44% over the same period. Announcement • Feb 04
Swagruha Infrastructure Limited to Report Q3, 2021 Results on Feb 12, 2021 Swagruha Infrastructure Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Jan 20
New 90-day high: ₹6.75 The company is up 53% from its price of ₹4.41 on 22 October 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 43% over the same period. Announcement • Dec 10
Swagruha Infrastructure Limited, Annual General Meeting, Dec 31, 2020 Swagruha Infrastructure Limited, Annual General Meeting, Dec 31, 2020, at 10:00 Indian Standard Time. Location: Registered Office of the Company at H. No. 362, 2nd Floor, 11th cross, 4th Main, 2nd Block (near BDA Shopping Complex), RT Nagar, Bengaluru India Agenda: To receive, consider and adopt the Audited Financial Statements for the Financial Year ended 31st March, 2020 together with Cash Flow Statement and notes appended thereto together with the Directors' Report and Auditors' Report thereon; to appoint a Director in the place of Mr. M. Jayasimha Reddy (DIN: 06490738), who re res by rota on and being eligible, offers himself for re appointment; to appointment of statutory Auditor; and to consider other matter. Is New 90 Day High Low • Dec 04
New 90-day high: ₹6.60 The company is up 40% from its price of ₹4.70 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 27% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: ₹5.59 The company is up 13% from its price of ₹4.95 on 12 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 12% over the same period. Announcement • Nov 08
Swagruha Infrastructure Limited to Report Q2, 2021 Results on Nov 13, 2020 Swagruha Infrastructure Limited announced that they will report Q2, 2021 results on Nov 13, 2020 Announcement • Sep 12
Swagruha Infrastructure Limited to Report Q1, 2021 Results on Sep 11, 2020 Swagruha Infrastructure Limited announced that they will report Q1, 2021 results on Sep 11, 2020 Announcement • Jul 18
Swagruha Infrastructure Limited to Report Q4, 2020 Results on Jul 23, 2020 Swagruha Infrastructure Limited announced that they will report Q4, 2020 results on Jul 23, 2020 
