Reported Earnings • May 30
Full year 2026 earnings released: ₹0.76 loss per share (vs ₹12.11 loss in FY 2025) Full year 2026 results: ₹0.76 loss per share (improved from ₹12.11 loss in FY 2025). Revenue: ₹69.1m (up 12% from FY 2025). Net loss: ₹475.0k (loss narrowed 94% from FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • May 28
Muller and Phipps India Limited Announces Resignation of PV Mohan as Whole Time Director, Effective May 31, 2026 Muller and Phipps India Limited announced that Mr. PV Mohan resigned from the post of Whole Time Director of the company with effect from May 31, 2026, due to completion of his two terms as Whole Time Director and other commitments. The Board of Directors approved the resignation at its meeting held on May 28, 2026. Announcement • May 15
Muller & Phipps (India) Limited to Report Q4, 2026 Results on May 28, 2026 Muller & Phipps (India) Limited announced that they will report Q4, 2026 results on May 28, 2026 Reported Earnings • Feb 13
Third quarter 2026 earnings released: ₹6.17 loss per share (vs ₹1.92 loss in 3Q 2025) Third quarter 2026 results: ₹6.17 loss per share (further deteriorated from ₹1.92 loss in 3Q 2025). Revenue: ₹14.5m (down 9.2% from 3Q 2025). Net loss: ₹3.86m (loss widened 221% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Feb 02
Muller & Phipps (India) Limited to Report Nine Months, 2026 Results on Feb 11, 2026 Muller & Phipps (India) Limited announced that they will report nine months, 2026 results on Feb 11, 2026 New Risk • Dec 26
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 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Negative equity (-₹14m). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (₹72m revenue, or US$806k). Market cap is less than US$10m (₹156.3m market cap, or US$1.74m). Minor Risk Profit margins are more than 30% lower than last year (1.1% net profit margin). New Risk • Nov 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 7.0% 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 Interest payments are not well covered by earnings (2.0x net interest cover). Negative equity (-₹14m). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (₹72m revenue, or US$812k). Market cap is less than US$10m (₹140.5m market cap, or US$1.58m). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Reported Earnings • Nov 13
Second quarter 2026 earnings released: ₹0.60 loss per share (vs ₹3.71 loss in 2Q 2025) Second quarter 2026 results: ₹0.60 loss per share (improved from ₹3.71 loss in 2Q 2025). Revenue: ₹18.8m (up 48% from 2Q 2025). Net loss: ₹316.0k (loss narrowed 86% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Nov 05
Muller & Phipps (India) Limited to Report Q2, 2026 Results on Nov 11, 2025 Muller & Phipps (India) Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹11.16 (vs ₹0.99 in 1Q 2025) First quarter 2026 results: EPS: ₹11.16 (up from ₹0.99 in 1Q 2025). Revenue: ₹19.9m (up 28% from 1Q 2025). Net income: ₹6.97m (up ₹6.36m from 1Q 2025). Profit margin: 35% (up from 4.0% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Aug 13
Muller & Phipps (India) Limited, Annual General Meeting, Sep 23, 2025 Muller & Phipps (India) Limited, Annual General Meeting, Sep 23, 2025. Announcement • Aug 02
Muller & Phipps (India) Limited to Report Q1, 2026 Results on Aug 12, 2025 Muller & Phipps (India) Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jun 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-₹21m). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (₹62m revenue, or US$716k). Market cap is less than US$10m (₹176.2m market cap, or US$2.03m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Reported Earnings • Jun 02
Full year 2025 earnings released: ₹12.11 loss per share (vs ₹11.65 profit in FY 2024) Full year 2025 results: ₹12.11 loss per share (down from ₹11.65 profit in FY 2024). Revenue: ₹62.0m (up 40% from FY 2024). Net loss: ₹7.57m (down 204% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Announcement • May 20
Muller & Phipps (India) Limited to Report Q4, 2025 Results on May 30, 2025 Muller & Phipps (India) Limited announced that they will report Q4, 2025 results on May 30, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: ₹1.92 loss per share (vs ₹0.83 loss in 3Q 2024) Third quarter 2025 results: ₹1.92 loss per share (further deteriorated from ₹0.83 loss in 3Q 2024). Revenue: ₹16.0m (up 91% from 3Q 2024). Net loss: ₹1.20m (loss widened 133% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Announcement • Feb 06
Muller & Phipps (India) Limited to Report Q3, 2025 Results on Feb 12, 2025 Muller & Phipps (India) Limited announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Nov 15
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: 1.9% 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 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 (9.3% average weekly change). Negative equity (-₹15m). Earnings have declined by 8.3% per year over the past 5 years. Revenue is less than US$1m (₹45m revenue, or US$539k). Market cap is less than US$10m (₹378.5m market cap, or US$4.48m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Nov 15
Second quarter 2025 earnings released: ₹3.71 loss per share (vs ₹2.82 profit in 2Q 2024) Second quarter 2025 results: ₹3.71 loss per share (down from ₹2.82 profit in 2Q 2024). Revenue: ₹12.7m (up 1.3% from 2Q 2024). Net loss: ₹2.32m (down 232% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 66% per year, which means it is well ahead of earnings. Announcement • Nov 05
Muller & Phipps (India) Limited to Report Q2, 2025 Results on Nov 13, 2024 Muller & Phipps (India) Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Buy Or Sell Opportunity • Oct 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 74% to ₹468. The fair value is estimated to be ₹390, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 49%. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹333, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 42x in the Retail Distributors industry in India. Total returns to shareholders of 182% over the past three years. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.99 (vs ₹4.72 in 1Q 2024) First quarter 2025 results: EPS: ₹0.99 (down from ₹4.72 in 1Q 2024). Revenue: ₹15.6m (up 7.0% from 1Q 2024). Net income: ₹616.0k (down 79% from 1Q 2024). Profit margin: 4.0% (down from 20% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Announcement • Aug 14
Muller & Phipps (India) Limited, Annual General Meeting, Sep 24, 2024 Muller & Phipps (India) Limited, Annual General Meeting, Sep 24, 2024. Announcement • Aug 06
Muller & Phipps (India) Limited to Report Q1, 2025 Results on Aug 13, 2024 Muller & Phipps (India) Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹272, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 34x in the Retail Distributors industry in India. Total returns to shareholders of 204% over the past three years. Announcement • May 19
Muller & Phipps (India) Limited to Report Q4, 2024 Results on May 27, 2024 Muller & Phipps (India) Limited announced that they will report Q4, 2024 results on May 27, 2024 Buy Or Sell Opportunity • May 13
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to ₹245. The fair value is estimated to be ₹199, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has declined by 49%. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹234, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 36x in the Retail Distributors industry in India. Total returns to shareholders of 146% over the past three years. Reported Earnings • Feb 09
Third quarter 2024 earnings released: ₹0.83 loss per share (vs ₹0.84 profit in 3Q 2023) Third quarter 2024 results: ₹0.83 loss per share (down from ₹0.84 profit in 3Q 2023). Revenue: ₹8.39m (down 16% from 3Q 2023). Net loss: ₹516.0k (down 199% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 67% per year, which means it is well ahead of earnings. Announcement • Nov 01
Muller & Phipps (India) Limited to Report Q2, 2024 Results on Nov 08, 2023 Muller & Phipps (India) Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹192, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 39x in the Retail Distributors industry in India. Total returns to shareholders of 466% over the past three years. Announcement • Aug 10
Muller & Phipps (India) Limited, Annual General Meeting, Sep 11, 2023 Muller & Phipps (India) Limited, Annual General Meeting, Sep 11, 2023. Announcement • Aug 03
Muller & Phipps (India) Limited to Report Q1, 2024 Results on Aug 08, 2023 Muller & Phipps (India) Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹159, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 41x in the Retail Distributors industry in India. Total returns to shareholders of 524% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹134, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 29x in the Retail Distributors industry in India. Total returns to shareholders of 424% over the past three years. Announcement • May 10
Muller & Phipps (India) Limited to Report Q4, 2023 Results on May 22, 2023 Muller & Phipps (India) Limited announced that they will report Q4, 2023 results on May 22, 2023 Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹146, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 28x in the Retail Distributors industry in India. Total returns to shareholders of 484% over the past three years. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹153, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 27x in the Retail Distributors industry in India. Total returns to shareholders of 506% over the past three years. Announcement • Feb 02
Muller & Phipps (India) Limited to Report Q3, 2023 Results on Feb 10, 2023 Muller & Phipps (India) Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Feb 01
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. 2 highly experienced directors. Independent Director A. Sheshadrinathan 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. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹171, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 37x in the Retail Distributors industry in India. Total returns to shareholders of 585% over the past three years. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 17% share price gain to ₹261, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 46x in the Retail Distributors industry in India. Total returns to shareholders of 1,108% over the past three years. Announcement • Nov 02
Muller & Phipps (India) Limited to Report Q2, 2023 Results on Nov 11, 2022 Muller & Phipps (India) Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 16% share price gain to ₹143, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 40x in the Retail Distributors industry in India. Total returns to shareholders of 409% over the past three years. Announcement • Aug 09
Muller & Phipps (India) Limited, Annual General Meeting, Sep 23, 2022 Muller & Phipps (India) Limited, Annual General Meeting, Sep 23, 2022. Announcement • Aug 03
Muller & Phipps (India) Limited to Report Q1, 2023 Results on Aug 08, 2022 Muller & Phipps (India) Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₹137, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 54x in the Retail Distributors industry in India. Total returns to shareholders of 363% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹119, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 55x in the Retail Distributors industry in India. Total returns to shareholders of 300% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 19% share price gain to ₹130, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 44x in the Retail Distributors industry in India. Total returns to shareholders of 298% over the past three years. Announcement • May 17
Muller & Phipps (India) Limited to Report Q4, 2022 Results on May 24, 2022 Muller & Phipps (India) Limited announced that they will report Q4, 2022 results on May 24, 2022 Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.96 (down from ₹3.16 in 3Q 2021). Revenue: ₹11.6m (flat on 3Q 2021). Net income: ₹1.85m (down 6.3% from 3Q 2021). Profit margin: 16% (down from 17% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 21% share price gain to ₹151, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 45x in the Retail Distributors industry in India. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₹125, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 42x in the Retail Distributors industry in India. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹111, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 52x in the Retail Distributors industry in India. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹146, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 66x in the Retail Distributors industry in India. Total returns to shareholders of 61% over the past three years. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS ₹27.63 (vs ₹5.63 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹39.7m (up 6.2% from FY 2020). Net income: ₹17.3m (up 391% from FY 2020). Profit margin: 44% (up from 9.4% in FY 2020). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₹90.80, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 56x in the Retail Distributors industry in India. Total returns to shareholders of 224% over the past year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹46.30, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 52x in the Retail Distributors industry in India. Total loss to shareholders of 53% over the past three years. Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS ₹3.16 (vs ₹0.63 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹12.3m (up 38% from 3Q 2020). Net income: ₹1.98m (up 403% from 3Q 2020). Profit margin: 16% (up from 4.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹46.55, the stock is trading at a trailing P/E ratio of 13.2x, down from the previous P/E ratio of 15.9x. This compares to an average P/E of 35x in the Retail Distributors industry in India. Total return to shareholders over the past three years is a loss of 45%. Is New 90 Day High Low • Jan 13
New 90-day high: ₹55.80 The company is up 64% from its price of ₹34.00 on 15 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹53.15, the stock is trading at a trailing P/E ratio of 15.1x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 33x in the Retail Distributors industry in India. Total return to shareholders over the past three years is a loss of 24%. Is New 90 Day High Low • Dec 29
New 90-day high: ₹46.00 The company is up 33% from its price of ₹34.65 on 30 September 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹37.50 The company is up 1.0% from its price of ₹37.00 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 15% share price gain to ₹34.30, the stock is trading at a trailing P/E ratio of 9.8x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 28x in the Retail Distributors industry in India. Total return to shareholders over the past three years is a loss of 53%. Is New 90 Day High Low • Nov 19
New 90-day low: ₹29.70 The company is down 9.0% from its price of ₹32.60 on 17 August 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 3.0% over the same period. Reported Earnings • Nov 16
Second quarter 2021 earnings released: EPS ₹4.15 The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: ₹12.9m (up 33% from 2Q 2020). Net income: ₹2.60m (down 9.7% from 2Q 2020). Profit margin: 20% (down from 30% in 2Q 2020). The decrease in margin was driven by higher expenses. Announcement • Sep 13
Muller & Phipps (India) Limited to Report Q1, 2021 Results on Aug 13, 2020 Muller & Phipps (India) Limited announced that they will report Q1, 2021 results on Aug 13, 2020