Announcement • 14h
IFL Enterprises Limited to Report Q4, 2026 Results on May 27, 2026 IFL Enterprises Limited announced that they will report Q4, 2026 results on May 27, 2026 New Risk • Apr 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 8.1% 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 Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Market cap is less than US$10m (₹423.3m market cap, or US$4.54m). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Feb 16
Third quarter 2026 earnings released Third quarter 2026 results: ₹0.002 loss per share. Net loss: ₹3.49m (down 185% from profit in 3Q 2025). Announcement • Feb 07
IFL Enterprises Limited to Report Q3, 2026 Results on Feb 13, 2026 IFL Enterprises Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Board Change • Jan 12
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 Independent Director Pratapsinh Rajput was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 09
IFL Enterprises Limited Approves Appointment of Meet Sureshbhai Chhatrala as A Director IFL Enterprises Limited announced at adjourned 16th annual general meeting held on December 9, 2025, approved to appoint Mr. Meet Sureshbhai Chhatrala as a director of the company. Announcement • Nov 08
IFL Enterprises Limited to Report Q2, 2026 Results on Nov 14, 2025 IFL Enterprises Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 14, 2025 Announcement • Sep 08
IFL Enterprises Limited, Annual General Meeting, Sep 30, 2025 IFL Enterprises Limited, Annual General Meeting, Sep 30, 2025, at 13:30 Indian Standard Time. New Risk • Jul 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹1.17b market cap, or US$13.4m). Reported Earnings • Jul 30
First quarter 2026 earnings released: EPS: ₹0.93 (vs ₹0.002 in 1Q 2025) First quarter 2026 results: EPS: ₹0.93 (up from ₹0.002 in 1Q 2025). Revenue: ₹356.4m (up 128% from 1Q 2025). Net income: ₹51.6m (up ₹51.3m from 1Q 2025). Profit margin: 14% (up from 0.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Jul 24
IFL Enterprises Limited to Report Q1, 2026 Results on Jul 29, 2025 IFL Enterprises Limited announced that they will report Q1, 2026 results on Jul 29, 2025 Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1.02, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 30x in the Retail Distributors industry in India. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₹1.12, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 29x in the Retail Distributors industry in India. Total loss to shareholders of 44% over the past three years. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹0.05 (vs ₹0.034 in FY 2024) Full year 2025 results: EPS: ₹0.05 (up from ₹0.034 in FY 2024). Revenue: ₹1.23b (up ₹1.13b from FY 2024). Net income: ₹29.9m (up 254% from FY 2024). Profit margin: 2.4% (down from 8.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • May 23
IFL Enterprises Limited to Report Q4, 2025 Results on May 28, 2025 IFL Enterprises Limited announced that they will report Q4, 2025 results on May 28, 2025 New Risk • May 19
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 Shareholders have been substantially diluted in the past year (198% increase in shares outstanding). Market cap is less than US$10m (₹630.3m market cap, or US$7.38m). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Reported Earnings • Feb 14
Third quarter 2025 earnings released Third quarter 2025 results: EPS: ₹0.06. Revenue: ₹303.1m (up ₹279.8m from 3Q 2024). Net income: ₹4.12m (down 53% from 3Q 2024). Profit margin: 1.4% (down from 38% in 3Q 2024). The decrease in margin was driven by higher expenses. Announcement • Feb 03
IFL Enterprises Limited to Report Q3, 2025 Results on Feb 12, 2025 IFL Enterprises Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Announcement • Dec 26
IFL Enterprises Limited Announces Board Changes IFL Enterprises Limited announced that resignation of Ms. DIMPLEBEN ARAJANBHAI MAKWANA (DIN: 10745925) as a Non- Executive Independent Director of the Company with effect from 24th December, 2024. Resignation of Mr. MEET SURESHBHAI CHHATRALA (DIN: 10778872) as a Additional Executive Director of the Company with effect from 24th December, 2024. Reported Earnings • Nov 15
Second quarter 2025 earnings released: ₹0.01 loss per share (vs ₹0.01 profit in 2Q 2024) Second quarter 2025 results: ₹0.01 loss per share (down from ₹0.01 profit in 2Q 2024). Revenue: ₹27.3m (up 24% from 2Q 2024). Net loss: ₹4.22m (down 238% from profit in 2Q 2024). Announcement • Nov 09
IFL Enterprises Limited to Report Q2, 2025 Results on Nov 13, 2024 IFL Enterprises Limited announced that they will report Q2, 2025 results on Nov 13, 2024 New Risk • Oct 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹840.4m (US$10.00m) This is considered a major 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 Risks Shareholders have been substantially diluted in the past year (198% increase in shares outstanding). Market cap is less than US$10m (₹840.4m market cap, or US$10.00m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.3% net profit margin). Revenue is less than US$5m (₹228m revenue, or US$2.7m). Announcement • Sep 26
IFL Enterprises Limited Approves Board Appointments IFL Enterprises Limited at its board of directors meeting held on September 25, 2024, approved the appointment of Ms. Dimpleben Arajanbhai Makwana as an Additional Non-Executive Director of the Company with effect from 25 September, 2024. Mr. Meet Sureshbhai Chhatrala as an Additional Director (Executive Director) Of the Company with Effect From 25 September, 2024. Ms. Dimpleben Arajanbhai Makwana is MSW (master in social work). Mr. Meet Sureshbhai Chhatrala holds a Bachelor's degree in Civil Engineering. He has over 8 years of experience in civil engineering and financial management, making him a seasoned professional in the construction field. Throughout his career, Meet has demonstrated exceptional skills in project management, structural design, and infrastructure development. In addition to his technical expertise, Meet has a strong background in financial management, including budgeting, cost estimation, and financial planning for large- scale projects. He has successfully managed significant projects, ensuring they are completed on time and within budget. Announcement • Sep 17
IFL Enterprises Limited Appoints Gurdeep Singh as Company Secretary and Compliance Officer IFL Enterprises Limited at its board meeting held on September 17, 2024 approved appointment of Mr. Gurdeep Singh (ICSI Membership No. A74614) as Company Secretary and Compliance Officer with effect from 17th September, 2024. Announcement • Aug 22
IFL Enterprises Limited, Annual General Meeting, Sep 12, 2024 IFL Enterprises Limited, Annual General Meeting, Sep 12, 2024, at 15:30 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: ₹0.002 (vs ₹0.02 in 1Q 2024) First quarter 2025 results: EPS: ₹0.002 (down from ₹0.02 in 1Q 2024). Revenue: ₹156.2m (up 461% from 1Q 2024). Net income: ₹291.0k (down 92% from 1Q 2024). Profit margin: 0.2% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Aug 09
IFL Enterprises Limited to Report Q1, 2025 Results on Aug 14, 2024 IFL Enterprises Limited announced that they will report Q1, 2025 results on Aug 14, 2024 New Risk • Jul 19
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 9.6% 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). Shareholders have been substantially diluted in the past year (198% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₹99m revenue, or US$1.2m). Market cap is less than US$100m (₹1.01b market cap, or US$12.1m). New Risk • Jul 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 198% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (198% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.3% average weekly change). Revenue is less than US$5m (₹99m revenue, or US$1.2m). Market cap is less than US$100m (₹901.9m market cap, or US$10.8m). Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹1.27, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 49x in the Retail Distributors industry in India. Total loss to shareholders of 86% over the past year. Announcement • Jul 04
IFL Enterprises Limited, Annual General Meeting, Jul 29, 2024 IFL Enterprises Limited, Annual General Meeting, Jul 29, 2024, at 10:00 Indian Standard Time. Location: club ecohub, ecospace business park, plot no. iif/11, action area ii, rajarhat, newtown, 700160, kolkata India Announcement • Jul 03
IFL Enterprises Limited Announces Resignation of Rahul Pitaliya from the Post of Company Secretary and Compliance Officer IFL Enterprises Limited announced that the Company has received resignation letter dated 01 July, 2024 from Mr. Rahul Pitaliya from the post of Company Secretary and Compliance Officer of the Company due to personal reasons and Company has accepted the resignation with effect from 01 July, 2024. He has decided to move on to pursue opportunities outside the Company. Announcement • Jun 25
IFL Enterprises Limited Appoints Mr. Jitendra Vaishnav as Executive Director IFL Enterprises Limited approved Regularization of Mr. Jitendra Vaishnav (DIN: 10414407) As an Executive Director of the company. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹0.034 (vs ₹0.031 in FY 2023) Full year 2024 results: EPS: ₹0.034 (up from ₹0.031 in FY 2023). Revenue: ₹99.2m (up 4.7% from FY 2023). Net income: ₹8.45m (up 63% from FY 2023). Profit margin: 8.5% (up from 5.5% 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 95% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • May 19
IFL Enterprises Limited to Report Q4, 2024 Results on May 27, 2024 IFL Enterprises Limited announced that they will report Q4, 2024 results on May 27, 2024 Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₹1.35, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 33x in the Retail Distributors industry in India. Total returns to shareholders of 77% over the past three years. Announcement • Mar 27
IFL Enterprises Limited Announces CFO Changes The Board of Directors of IFL Enterprises Limited at their Meeting held on 27 March, 2024, took note of the resignation of Mr. Kiritkumar Sendhabhai Parmar from the post of Chief Financial Officer of the Company with effect from 26 March 2024 and considered and approved the appointment of Mr. Jitendra Vaishnav as Chief Financial Officer (KMP) of the Company with effect from 27 March 2024. Mr. Jitendra Vaishnav has vast experience in field of Retail Marketing. Announcement • Mar 15
IFL Enterprises Limited Appoints Rahul Pitaliya as Company Secretary and Compliance Officer IFL Enterprises Limited announced at the Board of Directors Meeting held on 15 March, 2024 approved the appointment of Mr. Rahul Pitaliya as Company Secretary and Compliance Officer (KMP) of the Company with effect from 15th March, 2024. Mr. Rahul Pitaliya holds a Professional Degree of Company Secretary. He is an associate member of The Institute of Company Secretaries of India having deep insight in areas of Corporate Laws, Corporate Governance and related matters. Announcement • Mar 06
IFL Enterprises Limited Announces Resignation of Sunder as Company Secretary and Compliance Officer IFL Enterprises Limited received resignation letter dated 06th March, 2024 from Ms. Sunder from the post of Company Secretary and Compliance Officer of the Company due to personal commitment and Company has accepted the resignation with effect from 06th March, 2024. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹2.04, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 43x in the Retail Distributors industry in India. Total returns to shareholders of 168% over the past three years. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: ₹0.035 (vs ₹0.01 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.035 (up from ₹0.01 in 3Q 2023). Revenue: ₹23.2m (down 18% from 3Q 2023). Net income: ₹8.76m (up ₹7.87m from 3Q 2023). Profit margin: 38% (up from 3.1% 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 105% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
IFL Enterprises Limited to Report Nine Months, 2024 Results on Feb 09, 2024 IFL Enterprises Limited announced that they will report nine months, 2024 results on Feb 09, 2024 New Risk • Dec 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹816.4m (US$9.79m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (₹816.4m market cap, or US$9.79m). Minor Risk Revenue is less than US$5m (₹95m revenue, or US$1.1m). Announcement • Dec 01
IFL Enterprises Limited Declares Interim Dividend for the Financial Year 2023-2024 IFL Enterprises Limited announced that the earlier board has declared an Interim Dividend of INR 1 paisa per Equity Share of face value of INR 1 each for the Financial Year 2023-2024 to those shareholders whose names appear in the Register of Members/Beneficial Owners of the Company as on the Record Date i.e. November 17, 2023 but unfortunately due to some technical issue with Bank (HDFC Bank), Company is unable to pay dividend within the prescribed period of 30 days ending on November 30, 2023. The Company be and hereby inform the shareholders that the Company will pay the dividend along with interest @18% per annum to all its shareholders within the period of next 15 working days i.e. on or before 22nd day of December, 2023. Announcement • Nov 08
IFL Enterprises Limited Approves Appointment of Sunder as Company Secretary & Compliance Officer IFL Enterprises Limited at its Board meeting held on November 07, 2023 approved appointment of Mrs. Sunder as Company Secretary & Compliance Officer of the Company with effect from 07th November, 2023. Sunder has more than 4 years post qualification experience in Secretarial Compliances, Legal work, FEMA/RBI Compliances & Bank Finance area. She also possesses in depth knowledge of Company Law, FEMA regulations. She had also word with NBFC Company. Announcement • Nov 02
Ifl Enterprises Limited Declares Interim Dividend for the Financial Year 2023-2024 IFL Enterprises Limited declared an Interim Dividend @ 0.01% i.e., 1 paisa/per Equity Share of face value of INR 1/each for the Financial Year 2023-2024 at its board of directors meeting held on 1 November 2023. The record date for the purpose of payment of Interim Dividend is fixed as November 17, 2023. The said interim dividend will be paid within 30 days from the date of declaration as per the provisions of Companies Act, 2013 to those shareholders whose names appear in the Register of Members/Beneficial Owners of the Company as on the Record Date i.e. November 17, 2023. Announcement • Oct 24
IFL Enterprises Limited to Report Q2, 2024 Results on Oct 31, 2023 IFL Enterprises Limited announced that they will report Q2, 2024 results on Oct 31, 2023 New Risk • Oct 18
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 Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Revenue is less than US$5m (₹95m revenue, or US$1.1m). Market cap is less than US$100m (₹2.07b market cap, or US$24.9m). Announcement • Aug 25
IFL Enterprises Limited, Annual General Meeting, Sep 15, 2023 IFL Enterprises Limited, Annual General Meeting, Sep 15, 2023, at 12:30 Indian Standard Time. Agenda: To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereon; to appoint a director in place of Mrs. Vinaben kanaiyalal joshi who retires by rotation and being eligible, offers herself for reappointment; to consider appointment of M/s Kapish Jain & Associates Chartered Accountants as statutory auditor of the company and to authorise the board of directors of the company to fix their remuneration; and to consider other matters. Announcement • Feb 07
IFL Enterprises Limited to Report Q3, 2023 Results on Feb 13, 2023 IFL Enterprises Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman & MD Dolar Shah is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
IFL Enterprises Limited to Report Q2, 2023 Results on Nov 12, 2022 IFL Enterprises Limited announced that they will report Q2, 2023 results on Nov 12, 2022 Announcement • Aug 19
IFL Enterprises Limited, Annual General Meeting, Sep 09, 2022 IFL Enterprises Limited, Annual General Meeting, Sep 09, 2022, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors and Auditors thereon; to appoint a director in place of Mr. Dolar Kirit Shah, who retires by rotation and being eligible, offers herself for reappointment; to approve the appointment of Ms. Vinaben Kanaiyalal Joshi as a Non-executive non-independent director of the company and in this regard; to appoint Ms. Falguni Mehal Raval as an Independent Director of the Company and in this regard; to consider shifting of Registered Office from one State to another State; to Capitalize Reserves of the Company and to issue Bonus Shares; and to transact other matters. Announcement • Jul 09
IFL Enterprises Limited to Report Q1, 2023 Results on Jul 15, 2022 IFL Enterprises Limited announced that they will report Q1, 2023 results on Jul 15, 2022 Board Change • May 21
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Chairman of the Board Ashok Bansal is the most experienced director on the board, commencing their role in 2016. Additional Non-Executive Independent Director Samad Khan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • May 14
IFL Enterprises Limited Announces Directorate Changes IFL Enterprises Limited announced appointment of Ms. Vinaben Kanaiyalal Joshi as Non-Executive, Additional Director of the Company effective May 13, 2022 and Resignation of Mr. Faizan Ajmerwala as a Non-executive director of the company effective May 13, 2022. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Chairman of the Board Ashok Bansal is the most experienced director on the board, commencing their role in 2016. Additional Non-Executive Independent Director Samad Khan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 21% share price gain to ₹33.65, the stock trades at a trailing P/E ratio of 69.5x. Average trailing P/E is 34x in the Retail Distributors industry in India. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹29.00, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 30x in the Retail Distributors industry in India. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹37.35, the stock trades at a trailing P/E ratio of 77.1x. Average trailing P/E is 36x in the Retail Distributors industry in India. Total returns to shareholders of 357% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorated over the past week After last week's 30% share price decline to ₹20.30, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 44x in the Retail Distributors industry in India. Negligible returns to shareholders over past year. Executive Departure • Oct 03
Non-Executive Director Gopal Bansal has left the company On the 20th of September, Gopal Bansal's tenure as Non-Executive Director ended after 5.6 years in the role. We don't have any record of a personal shareholding under Gopal's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.67 years. Board Change • Oct 02
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. No highly experienced directors. Independent Director Manoj Kumar was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Executive Departure • Sep 25
Non-Executive Director Gopal Bansal has left the company On the 20th of September, Gopal Bansal's tenure as Non-Executive Director ended after 5.6 years in the role. We don't have any record of a personal shareholding under Gopal's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.58 years. 
