Reported Earnings • May 20
Full year 2026 earnings released: EPS: ₹0.88 (vs ₹2.11 in FY 2025) Full year 2026 results: EPS: ₹0.88 (down from ₹2.11 in FY 2025). Revenue: ₹1.04b (up 19% from FY 2025). Net income: ₹43.9m (down 58% from FY 2025). Profit margin: 4.2% (down from 12% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 175% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 20
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: 4.2% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (4.2% net profit margin). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.62 (vs ₹0.70 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.62 (down from ₹0.70 in 3Q 2025). Revenue: ₹242.0m (up 9.2% from 3Q 2025). Net income: ₹31.0m (down 12% from 3Q 2025). Profit margin: 13% (down from 16% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 220% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 10
Laxmi Goldorna House Limited to Report Q3, 2026 Results on Feb 13, 2026 Laxmi Goldorna House Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Oct 15
Second quarter 2026 earnings released: EPS: ₹1.80 (vs ₹0.82 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.80. Revenue: ₹248.8m (up 13% from 2Q 2025). Net income: ₹37.6m (down 8.2% from 2Q 2025). Profit margin: 15% (down from 19% in 2Q 2025). The decrease in margin was driven by higher expenses. New Risk • Oct 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹7.86b (US$88.5m) This is considered a minor 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 Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (₹7.86b market cap, or US$88.5m). Announcement • Sep 05
Laxmi Goldorna House Limited, Annual General Meeting, Sep 30, 2025 Laxmi Goldorna House Limited, Annual General Meeting, Sep 30, 2025, at 15:00 Indian Standard Time. New Risk • Sep 05
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 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Share price has been highly volatile over the past 3 months (8.2% average weekly change). New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% 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 Interest payments are not well covered by earnings (2.6x net interest cover). High level of non-cash earnings (46% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). New Risk • Jun 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 44% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). High level of non-cash earnings (44% accrual ratio). New Risk • Feb 14
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: 5.3% Last year net profit margin: 15% 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 Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.3% net profit margin). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹1.69 (vs ₹2.75 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.69 (down from ₹2.75 in 3Q 2024). Revenue: ₹221.7m (down 18% from 3Q 2024). Net income: ₹35.4m (down 38% from 3Q 2024). Profit margin: 16% (down from 21% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has increased by 229% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 13
Laxmi Goldorna House Limited Announces Chief Financial Officer Changes Laxmi Goldorna House Limited at its meeting held on February 12, 2025 considered and accepted resignation from Mrs. Kshamaben Shah from the post of Chief financial officer of the company with effect from 12th February 2025. The Board of Directors considered and approved appointment of Mr. Jaykumar Patel as Chief financial officer of the company with effect from 13th February 2025. Mr. Jaykumar Patel has done BBA & MBA in finance, having extensive experience in field finance and accounts. He has worked in the finance and accounting departments of several real estate companies for more than 8 years. New Risk • Dec 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 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (39% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹429, the stock trades at a trailing P/E ratio of 61.6x. Average trailing P/E is 35x in the Real Estate industry in India. Total returns to shareholders of 163% over the past year. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹324, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 31x in the Real Estate industry in India. Total returns to shareholders of 2,170% over the past three years. Announcement • Oct 07
Laxmi Goldorna House Limited, Annual General Meeting, Oct 28, 2024 Laxmi Goldorna House Limited, Annual General Meeting, Oct 28, 2024, at 15:00 Indian Standard Time. Location: laxmi house, opp. bandharano, khach, m g haveli road, manek chowk, ahmedabad-380001, ahmedabad India Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹320, the stock trades at a trailing P/E ratio of 77.6x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 2,034% over the past three years. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.56 (vs ₹0.055 in 1Q 2024) First quarter 2025 results: EPS: ₹0.56 (up from ₹0.055 in 1Q 2024). Revenue: ₹159.8m (up 24% from 1Q 2024). Net income: ₹11.7m (up ₹10.6m from 1Q 2024). Profit margin: 7.3% (up from 0.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has increased by 160% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 28
Full year 2024 earnings released: EPS: ₹4.54 (vs ₹0.19 in FY 2023) Full year 2024 results: EPS: ₹4.54 (up from ₹0.19 in FY 2023). Revenue: ₹2.02b (up 232% from FY 2023). Net income: ₹94.8m (up ₹90.8m from FY 2023). Profit margin: 4.7% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has increased by 195% per year, which means it is tracking significantly ahead of earnings growth. 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 ₹324, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 31x in the Real Estate industry in India. Total returns to shareholders of 2,214% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹279, the stock trades at a trailing P/E ratio of 60.2x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 1,614% over the past three years. Announcement • Mar 13
Laxmi Goldorna House Limited Announces Formation of Corporate Social Responsibility Committee Laxmi Goldorna House Limited announced at the board meeting held on March 12, 2024, approved formation of Corporate Social Responsibility Committee: Mr. Preet Devendrakumar Kuriya as Chairperson, Non- Executive and Independent Director; Ms. Pooja Jadiya as Member, Non- Executive and Independent Director and Mr. Jayesh Chinubhai Shah as Member, Chairman & Managing Director. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹241, the stock trades at a trailing P/E ratio of 52x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 1,100% over the past three years. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹2.75 (vs ₹0.074 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.75 (up from ₹0.074 in 3Q 2023). Revenue: ₹269.5m (up 103% from 3Q 2023). Net income: ₹57.3m (up ₹55.6m from 3Q 2023). Profit margin: 21% (up from 1.3% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 162% per year but the company’s share price has only increased by 112% per year, which means it is significantly lagging earnings growth. Announcement • Aug 31
Laxmi Goldorna House Limited, Annual General Meeting, Sep 25, 2023 Laxmi Goldorna House Limited, Annual General Meeting, Sep 25, 2023, at 14:00 Indian Standard Time. Location: At the registered office of the companysituated Laxmi House, Opp Bandharano Khacho M G Haveli Road, Manek Chowk Ahmedabad India Board Change • Jul 17
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. 3 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Niravbhai Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 03
Insider recently bought ₹4.0m worth of stock On the 31st of May, Jinit Shah bought around 144k shares on-market at roughly ₹28.11 per share. This transaction amounted to 31% 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 ₹16m more in shares than they have sold in the last 12 months. Board Change • May 31
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. 3 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Niravbhai Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 11
Laxmi Goldorna House Limited to Report First Half, 2023 Results on May 10, 2023 Laxmi Goldorna House Limited announced that they will report first half, 2023 results on May 10, 2023 Board Change • Apr 12
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. 3 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Niravbhai Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 10
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. 3 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Niravbhai Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 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. 3 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Niravbhai Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 03
Laxmi Goldorna House Limited, Annual General Meeting, Sep 30, 2022 Laxmi Goldorna House Limited, Annual General Meeting, Sep 30, 2022, at 14:15 Indian Standard Time. Recent Insider Transactions • Jul 17
Insider recently bought ₹4.5m worth of stock On the 13th of July, Badal Shah bought around 280k shares on-market at roughly ₹15.95 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹8.3m more in shares than they have sold in the last 12 months. Board Change • Jun 17
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. 4 experienced directors. 1 highly experienced director. Chairman & MD Jayesh Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 23
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. 4 experienced directors. 1 highly experienced director. Chairman & MD Jayesh Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 04
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. 4 experienced directors. 1 highly experienced director. Chairman & MD Jayesh Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 17
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. 4 experienced directors. 1 highly experienced director. Chairman & MD Jayesh Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 17
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. 4 experienced directors. 1 highly experienced director. Chairman & MD Jayesh Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
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. 4 experienced directors. 1 highly experienced director. Chairman & MD Jayesh Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 13
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. 4 experienced directors. 1 highly experienced director. Chairman & MD Jayesh Shah was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.