New Risk • Jan 27
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 Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Market cap is less than US$10m (₹37.8m market cap, or US$412.4k). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Board Change • Jun 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. 2 experienced directors. 2 highly experienced directors. Non-Executive Non Independent Director Sheela Gupta 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. New Risk • Apr 03
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Revenue has declined by 100% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (₹29.1m market cap, or US$339.6k). Minor Risks Negative equity (-₹561m). Share price has been volatile over the past 3 months (8.7% average weekly change). New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 100% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 100% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (₹29.7m market cap, or US$347.2k). Minor Risks Negative equity (-₹561m). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). New Risk • Oct 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (₹34.9m market cap, or US$415.1k). Minor Risks Negative equity (-₹561m). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Announcement • May 30
Spectra Industries Limited Announces Resignation of Rakhi Patwa as Company Secretary and Compliance Officer, Effective May 31, 2024 Spectra Industries Limited announced resignation of Rakhi Patwa from Company Secretary and Compliance Officer effective from the closing business of May 31, 2024 to pursue a different career profile outside the organization. Rakhi resigned with effect from May 27, 2024 and last working day is May 31, 2024. New Risk • May 06
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 8.3% 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 Negative equity (-₹561m). Revenue is less than US$1m. Market cap is less than US$10m (₹35.5m market cap, or US$426.2k). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). New Risk • Dec 01
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 7.3% 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 Negative equity (-₹536m). Revenue is less than US$1m (₹50k revenue, or US$600). Market cap is less than US$10m (₹36.8m market cap, or US$441.7k). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Board Change • Dec 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. 2 experienced directors. 2 highly experienced directors. Non-Executive Non Independent Director Sheela Gupta 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 • Aug 16
Spectra Industries Limited, Annual General Meeting, Sep 30, 2023 Spectra Industries Limited, Annual General Meeting, Sep 30, 2023. Announcement • Aug 12
Spectra Industries Limited to Report Q1, 2024 Results on Aug 14, 2023 Spectra Industries Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Announcement • May 25
Spectra Industries Limited to Report Q4, 2023 Results on May 30, 2023 Spectra Industries Limited announced that they will report Q4, 2023 results on May 30, 2023 Announcement • Feb 07
Spectra Industries Limited to Report Q3, 2023 Results on Feb 14, 2023 Spectra Industries Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Announcement • Aug 13
Spectra Industries Limited, Annual General Meeting, Sep 27, 2022 Spectra Industries Limited, Annual General Meeting, Sep 27, 2022. Buying Opportunity • Feb 14
Now 22% undervalued Over the last 90 days, the stock is up 95%. The fair value is estimated to be ₹12.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 154% per annum over the last 3 years. Earnings per share has grown by 44% per annum over the last 3 years. Announcement • Feb 06
Spectra Industries Limited to Report Q3, 2022 Results on Feb 12, 2022 Spectra Industries Limited announced that they will report Q3, 2022 results on Feb 12, 2022 Buying Opportunity • Jan 28
Now 20% undervalued Over the last 90 days, the stock is up 114%. The fair value is estimated to be ₹13.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 154% per annum over the last 3 years. Earnings per share has grown by 44% per annum over the last 3 years. Is New 90 Day High Low • Feb 09
New 90-day high: ₹3.14 The company is up 253% from its price of ₹0.89 on 11 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 71% over the same period. Announcement • Feb 05
Spectra Industries Limited to Report Q3, 2021 Results on Feb 11, 2021 Spectra Industries Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Announcement • Dec 30
Spectra Industries Limited Appoints Prem Bhagnani as Independent Director Spectra Industries Limited appointed Prem Bhagnani as an Independent Director at the annual general meeting held on December 29, 2020. Is New 90 Day High Low • Dec 12
New 90-day high: ₹1.06 The company is up 1.0% from its price of ₹1.05 on 11 September 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 35% over the same period. Announcement • Dec 10
Spectra Industries Limited, Annual General Meeting, Dec 29, 2020 Spectra Industries Limited, Annual General Meeting, Dec 29, 2020, at 11:00 Indian Standard Time. Location: Plot 9, Spectra Compound, Kanchpada II, Ramchandra Lane Extension, Malad (W) Mumbai India Agenda: To receive, consider and adopt the Audited Financial Statements of the company for the financial year ended March 31, 2020 including reports of the Directors and Auditors thereon; to appoint a Director in place of Mr. Jaidev Vinod Kumar Gupta who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment; to consider re-appointment of Ms. Priya Makhija as an Independent Director; to consider appointment of Ms. Sheela Gupta as a Director; and to consider appointment of Mr. Prem Bhagnari as an Independent Director. Is New 90 Day High Low • Nov 12
New 90-day low: ₹0.85 The company is down 38% from its price of ₹1.37 on 14 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 54% over the same period. Announcement • Nov 11
Spectra Industries Limited Appoints Sheela Gupta as Non-Executive Director, Effective November 10, 2020 Spectra Industries Limited announced that Ms. Sheela Gupta appointed as Non-Executive Director of the Company in the Board Meeting held on November 10, 2020. Is New 90 Day High Low • Sep 30
New 90-day low: ₹1.00 The company is down 41% from its price of ₹1.69 on 26 June 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 57% over the same period. Announcement • Sep 12
Spectra Industries Limited to Report Q1, 2021 Results on Sep 15, 2020 Spectra Industries Limited announced that they will report Q1, 2021 results on Sep 15, 2020 