Reported Earnings • Feb 25
Second quarter 2025 earnings released: EPS: ₹3.02 (vs ₹1.59 in 2Q 2024) Second quarter 2025 results: EPS: ₹3.02 (up from ₹1.59 in 2Q 2024). Revenue: ₹147.4m (down 3.1% from 2Q 2024). Net income: ₹37.7m (up 90% from 2Q 2024). Profit margin: 26% (up from 13% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 21
Now 20% undervalued Over the last 90 days, the stock has risen 39% to ₹39.56. The fair value is estimated to be ₹49.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Feb 18
Manjeera Constructions Limited to Report Q2, 2025 Results on Feb 24, 2025 Manjeera Constructions Limited announced that they will report Q2, 2025 results at 12:15 PM, Indian Standard Time on Feb 24, 2025 Board Change • Feb 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Dodda Subbaiah Sreshti was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 11
Manjeera Constructions Limited Announces Resignation of Narsimha A. Mettu as Company Secretary and Compliance Officer Manjeera Constructions Limited announced that Mr. Narsimha A. Mettu has tendered his resignation from the position of Company Secretary and Compliance Officer of the Company from the close of business hours of 10 January, 2025. Resignation due to personal reasons. Further, kindly note that till the joining of a new Company Secretary, Mr. Birendra Kumar Agrawal, Resolution Professional of the Company will act as the designated Compliance Officer for this interim period. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹38.97, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 35x in the Real Estate industry in India. Total returns to shareholders of 44% over the past three years. New Risk • Dec 10
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹1.0b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.6% operating cash flow to total debt). Negative equity (-₹1.0b). Market cap is less than US$10m (₹391.4m market cap, or US$4.61m). Announcement • Dec 02
Manjeera Constructions Limited, Annual General Meeting, Dec 30, 2024 Manjeera Constructions Limited, Annual General Meeting, Dec 30, 2024. Reported Earnings • Dec 01
First quarter 2025 earnings released: EPS: ₹5.55 (vs ₹10.32 loss in 1Q 2024) First quarter 2025 results: EPS: ₹5.55 (up from ₹10.32 loss in 1Q 2024). Revenue: ₹151.8m (up 55% from 1Q 2024). Net income: ₹69.4m (up ₹198.5m from 1Q 2024). Profit margin: 46% (up from net loss in 1Q 2024). The move to profitability was primarily 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 remained flat, which means it is significantly lagging earnings. Announcement • Nov 25
Manjeera Constructions Limited to Report Q1, 2025 Results on Nov 29, 2024 Manjeera Constructions Limited announced that they will report Q1, 2025 results on Nov 29, 2024 Reported Earnings • Jul 26
Full year 2024 earnings released: EPS: ₹1.09 (vs ₹38.75 loss in FY 2023) Full year 2024 results: EPS: ₹1.09 (up from ₹38.75 loss in FY 2023). Revenue: ₹581.8m (down 33% from FY 2023). Net income: ₹13.7m (up ₹498.4m from FY 2023). Profit margin: 2.3% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jul 25
Manjeera Constructions Limited to Report Q4, 2024 Results on Jul 25, 2024 Manjeera Constructions Limited announced that they will report Q4, 2024 results on Jul 25, 2024 Reported Earnings • Feb 22
Third quarter 2024 earnings released: EPS: ₹5.34 (vs ₹10.77 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹5.34 (up from ₹10.77 loss in 3Q 2023). Revenue: ₹153.9m (up 24% from 3Q 2023). Net income: ₹66.8m (up ₹201.5m from 3Q 2023). Profit margin: 43% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Dec 17
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹1.1b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-₹1.1b). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (₹446.6m market cap, or US$5.38m). Announcement • Dec 09
Manjeera Constructions Limited, Annual General Meeting, Dec 30, 2023 Manjeera Constructions Limited, Annual General Meeting, Dec 30, 2023, at 10:00 Indian Standard Time. Agenda: To consider Adoption of Financial Statements; to consider re-Appointment of Gajjala Veena, Director of the Company liable to retire by rotation; to consider appointment of SVD & Associates as Statutory Auditors of the Company; and to consider other issues. Reported Earnings • Dec 02
Second quarter 2024 earnings released: EPS: ₹1.59 (vs ₹9.65 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹1.59 (up from ₹9.65 loss in 2Q 2023). Revenue: ₹162.9m (down 43% from 2Q 2023). Net income: ₹19.8m (up ₹140.5m from 2Q 2023). Profit margin: 12% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Announcement • Nov 30
Manjeera Constructions Limited to Report Q2, 2024 Results on Dec 01, 2023 Manjeera Constructions Limited announced that they will report Q2, 2024 results on Dec 01, 2023 Board Change • Oct 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Non-Executive Woman Director Gajjala Veena was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Non-Executive Woman Director Gajjala Veena was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Gande Sudhakar was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 12
Manjeera Constructions Limited Announces Resignation of Mr. Sudhakar Gande as Non-Executive - Independent Director Manjeera Constructions Limited announced that Mr. Sudhakar Gande, Non-Executive - Independent Director has tendered his resignation from the Board of Directors of the company with effect from April 24, 2023. The Independent Director due to personal commitments has now, have voluntarily relinquished his position as Board members with effect from April 24, 2023. There are no other Material reasons. Reported Earnings • Jun 02
Full year 2023 earnings released: ₹38.75 loss per share (vs ₹33.91 loss in FY 2022) Full year 2023 results: ₹38.75 loss per share (further deteriorated from ₹33.91 loss in FY 2022). Revenue: ₹974.6m (flat on FY 2022). Net loss: ₹484.7m (loss widened 14% from FY 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 25
Manjeera Constructions Limited to Report Q4, 2023 Results on May 30, 2023 Manjeera Constructions Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 16
Third quarter 2023 earnings released: ₹10.77 loss per share (vs ₹7.20 loss in 3Q 2022) Third quarter 2023 results: ₹10.77 loss per share (further deteriorated from ₹7.20 loss in 3Q 2022). Revenue: ₹142.4m (down 58% from 3Q 2022). Net loss: ₹134.7m (loss widened 50% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Feb 07
Manjeera Constructions Limited to Report Q3, 2023 Results on Feb 14, 2023 Manjeera Constructions Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: ₹9.65 loss per share (vs ₹9.17 loss in 2Q 2022) Second quarter 2023 results: ₹9.65 loss per share (further deteriorated from ₹9.17 loss in 2Q 2022). Revenue: ₹299.3m (up 61% from 2Q 2022). Net loss: ₹120.7m (loss widened 5.2% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Nov 06
Manjeera Constructions Limited to Report Q2, 2023 Results on Nov 12, 2022 Manjeera Constructions Limited announced that they will report Q2, 2023 results on Nov 12, 2022 Reported Earnings • Sep 14
Full year 2022 earnings released Full year 2022 results: Revenue: ₹980.4m (up 54% from FY 2021). Net loss: ₹424.2m (loss narrowed 17% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Aug 31
Manjeera Constructions Limited, Annual General Meeting, Sep 30, 2022 Manjeera Constructions Limited, Annual General Meeting, Sep 30, 2022, at 10:00 Indian Standard Time. Announcement • Aug 06
Manjeera Constructions Limited to Report Q1, 2023 Results on Aug 12, 2022 Manjeera Constructions Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Announcement • Aug 03
Manjeera Constructions Limited Announces Resignation of CH N V Rambabu as Company Secretary Manjeera Constructions Limited announced that Mr. CH N V Rambabu has tendered his resignation from the position of Company Secretary and Compliance Officer of the Company from the close of business hours of 02th August, 2022. Further, kindly note that till the joining of a new Company Secretary, Mr. Narsimha A. Mettu (ACS: 54840) will act as the designated Compliance Officer for this interim period. Reported Earnings • Jun 04
Full year 2022 earnings released: ₹33.91 loss per share (vs ₹40.74 loss in FY 2021) Full year 2022 results: ₹33.91 loss per share (up from ₹40.74 loss in FY 2021). Revenue: ₹1.04b (up 63% from FY 2021). Net loss: ₹424.2m (loss narrowed 17% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 30% per year. Announcement • May 24
Manjeera Constructions Limited to Report Q4, 2022 Results on May 30, 2022 Manjeera Constructions Limited announced that they will report Q4, 2022 results on May 30, 2022 Announcement • May 22
Manjeera Constructions Limited Announces Resignation of Krishna Gokeda as Chief Financial Officer Manjeera Constructions Limited announced that Mr. Krishna Gokeda has tendered his resignation from the position of Chief Financial Officer from close of business hours of 21 May, 2022. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹7.20 loss per share (down from ₹4.57 loss in 3Q 2021). Revenue: ₹353.5m (up 74% from 3Q 2021). Net loss: ₹90.0m (loss widened 56% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 06
Full year 2021 earnings released: ₹40.74 loss per share (vs ₹36.39 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹635.5m (down 73% from FY 2020). Net loss: ₹509.6m (loss widened 12% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 13
Third quarter 2021 earnings released: ₹4.57 loss per share (vs ₹10.01 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: ₹206.6m (down 62% from 3Q 2020). Net loss: ₹57.6m (loss narrowed 54% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 09
New 90-day low: ₹28.05 The company is down 14% from its price of ₹32.75 on 11 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 50% over the same period. Announcement • Feb 05
Manjeera Constructions Limited to Report Q3, 2021 Results on Feb 12, 2021 Manjeera Constructions Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Announcement • Dec 13
Manjeera Constructions Limited Announces Resignation of Archana Yanamandra as Chief Financial Officer Manjeera Constructions Limited announced that, Ms. Archana Yanamandra, Chief Financial Officer (CFO), has tendered resignation from her position due to personal reasons effective and has been relieved from 10 December, 2020(close of business hours). Announcement • Nov 13
Manjeera Constructions Limited, Annual General Meeting, Dec 19, 2020 Manjeera Constructions Limited, Annual General Meeting, Dec 19, 2020. Announcement • Jun 21
Manjeera Constructions Limited to Report Q4, 2020 Results on Jun 29, 2020 Manjeera Constructions Limited announced that they will report Q4, 2020 results on Jun 29, 2020