New Risk • May 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹772m 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 Less than 1 year of cash runway based on free cash flow trend (-₹396m free cash flow). Negative equity (-₹772m). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹1.33b market cap, or US$14.0m). Announcement • May 25
Praxis Home Retail Limited to Report Q4, 2026 Results on May 29, 2026 Praxis Home Retail Limited announced that they will report Q4, 2026 results on May 29, 2026 Announcement • May 04
Praxis Home Retail Limited to Report Q4, 2026 Results on May 09, 2026 Praxis Home Retail Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 09, 2026 Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹8.29, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 20x in the Specialty Retail industry in India. Total loss to shareholders of 46% over the past three years. New Risk • Apr 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 8.8% 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). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹1.41b market cap, or US$14.9m). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹8.10, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 19x in the Specialty Retail industry in India. Total loss to shareholders of 43% over the past three years. Announcement • Jan 19
Praxis Home Retail Limited to Report Q3, 2026 Results on Jan 30, 2026 Praxis Home Retail Limited announced that they will report Q3, 2026 results on Jan 30, 2026 Announcement • Jan 05
Praxis Home Retail Limited Announces Resignation of Category Head Ketan Gandhalikar, Effective January 2, 2026 Praxis Home Retail Limited announced that Mr. Ketan Gandhalikar, Category Head and Senior Management Personnel, has tendered his resignation due to personal reasons and better opportunities. The resignation is effective from the close of business hours on January 2, 2026. Mr. Gandhalikar confirmed that there is no other material reason other than that mentioned in his resignation letter. Mr. Gandhalikar was the Category Head at Praxis Home Retail Limited. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹9.95, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 25x in the Specialty Retail industry in India. Total loss to shareholders of 54% over the past three years. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: ₹5.24 (vs ₹0.20 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹5.24 (up from ₹0.20 loss in 2Q 2025). Revenue: ₹224.6m (down 15% from 2Q 2025). Net income: ₹810.4m (up ₹836.1m from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Nov 08
Praxis Home Retail Limited to Report Q2, 2026 Results on Nov 13, 2025 Praxis Home Retail Limited announced that they will report Q2, 2026 results on Nov 13, 2025 New Risk • Sep 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% 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 Negative equity (-₹615m). Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (₹2.28b market cap, or US$25.8m). Announcement • Sep 03
Praxis Home Retail Limited, Annual General Meeting, Sep 29, 2025 Praxis Home Retail Limited, Annual General Meeting, Sep 29, 2025. Reported Earnings • Aug 16
First quarter 2026 earnings released: ₹1.22 loss per share (vs ₹0.77 loss in 1Q 2025) First quarter 2026 results: ₹1.22 loss per share (further deteriorated from ₹0.77 loss in 1Q 2025). Revenue: ₹254.2m (down 19% from 1Q 2025). Net loss: ₹164.7m (loss widened 70% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Aug 09
Praxis Home Retail Limited to Report Q1, 2026 Results on Aug 14, 2025 Praxis Home Retail Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • May 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹288m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹288m free cash flow). Negative equity (-₹615m). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₹1.57b market cap, or US$18.4m). New Risk • May 12
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 8.5% 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 Negative equity (-₹505m). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹1.26b market cap, or US$14.9m). Reported Earnings • Feb 14
Third quarter 2025 earnings released: ₹0.62 loss per share (vs ₹1.48 loss in 3Q 2024) Third quarter 2025 results: ₹0.62 loss per share (improved from ₹1.48 loss in 3Q 2024). Revenue: ₹339.6m (down 47% from 3Q 2024). Net loss: ₹83.3m (loss narrowed 55% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Announcement • Feb 07
Praxis Home Retail Limited to Report Q3, 2025 Results on Feb 12, 2025 Praxis Home Retail Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Announcement • Dec 21
Praxis Home Retail Limited has filed a Follow-on Equity Offering in the amount of INR 495.8 million. Praxis Home Retail Limited has filed a Follow-on Equity Offering in the amount of INR 495.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Regulation S; Rights Offering Reported Earnings • Nov 12
Second quarter 2025 earnings released: ₹0.20 loss per share (vs ₹1.08 loss in 2Q 2024) Second quarter 2025 results: ₹0.20 loss per share (improved from ₹1.08 loss in 2Q 2024). Revenue: ₹481.2m (down 19% from 2Q 2024). Net loss: ₹25.6m (loss narrowed 81% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Nov 05
Praxis Home Retail Limited to Report Q2, 2025 Results on Nov 11, 2024 Praxis Home Retail Limited announced that they will report Q2, 2025 results on Nov 11, 2024 New Risk • Oct 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.2% This is considered a minor 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 Negative equity (-₹432m). Minor Risks Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Market cap is less than US$100m (₹3.47b market cap, or US$41.2m). Announcement • Sep 30
Praxis Home Retail Limited Appoints Vijai Singh Dugar as an Independent Director Praxis Home Retail Limited at the Annual General Meeting held on September 28, 2024, the members of the Company have appointed Mr. Vijai Singh Dugar as an Independent Director for a period of five years from August 12, 2024 who shall not be liable to retire by rotation during his tenure. Mr. Vijai Singh Dugar, 72, is a qualified Chartered Accountant. He was associated with Indian Oil Corporation Limited for more than 33 years in various capacities including Finance and as Finance Head of Indian Oil Blending Limited, a subsidiary of Indian Oil Corporation Limited. He possesses vast professional expertise spreading a span of three decades in Corporate Finance, Internal audit, strategic business planning and investment advisory. Announcement • Sep 05
Praxis Home Retail Limited, Annual General Meeting, Sep 28, 2024 Praxis Home Retail Limited, Annual General Meeting, Sep 28, 2024, at 09:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released: ₹0.77 loss per share (vs ₹2.45 loss in 1Q 2024) First quarter 2025 results: ₹0.77 loss per share (improved from ₹2.45 loss in 1Q 2024). Revenue: ₹485.4m (down 3.6% from 1Q 2024). Net loss: ₹96.9m (loss narrowed 51% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Aug 03
Praxis Home Retail Limited Announces Resignation of Sanu Kapoor - Company Secretary Praxis Home Retail Limited announced that Ms. Sanu Kapoor - Company Secretary (Key Managerial Personnel) & Compliance Officer of the Company, has resigned with effect from close of business hours of August 2, 2024, for better future prospects. Announcement • Aug 02
Praxis Home Retail Limited to Report Q1, 2025 Results on Aug 08, 2024 Praxis Home Retail Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 25
Full year 2024 earnings released: ₹7.35 loss per share (vs ₹2.79 loss in FY 2023) Full year 2024 results: ₹7.35 loss per share (further deteriorated from ₹2.79 loss in FY 2023). Revenue: ₹2.26b (down 42% from FY 2023). Net loss: ₹857.1m (loss widened 308% from FY 2023). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 27
Non-Executive Chairman recently sold ₹1.7m worth of stock On the 19th of March, Mahesh Shah sold around 86k shares on-market at roughly ₹20.16 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Mahesh has been a net seller over the last 12 months, reducing personal holdings by ₹5.1m. Announcement • Mar 21
Praxis Home Retail Limited Announces Resignation of Harminder Sahni as Independent Director Praxis Home Retail Limited announced that vide resignation letter dated March 20, 2024, Mr. Harminder Sahni has tendered his resignation as the independent director of the company with immediate effect from close of business hours on March 20, 2024 due to his other professional and personal commitments. Consequently, he also ceases to be (i) chairperson & member of the audit committee & (ii) Member of Nomination and Remuneration Committee and Stakeholders Relationship Committee of the Company. Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any: Directorship: Himatsingka Seide Limited (Independent Director). Committees: Himatsingka Seide Limited, Chairperson & Member of Audit Committee & Nomination and Remuneration Committee. Recent Insider Transactions • Feb 22
Non-Executive Chairman recently sold ₹1.0m worth of stock On the 16th of February, Mahesh Shah sold around 43k shares on-market at roughly ₹24.03 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Mahesh has been a net seller over the last 12 months, reducing personal holdings by ₹4.3m. Reported Earnings • Feb 07
Third quarter 2024 earnings released: ₹1.48 loss per share (vs ₹0.87 loss in 3Q 2023) Third quarter 2024 results: ₹1.48 loss per share (further deteriorated from ₹0.87 loss in 3Q 2023). Revenue: ₹640.4m (down 39% from 3Q 2023). Net loss: ₹185.5m (loss widened 183% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Jan 21
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 8.0% 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 Less than 1 year of cash runway based on free cash flow trend (-₹189m free cash flow). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹4.65b market cap, or US$56.0m). Reported Earnings • Nov 04
Second quarter 2024 earnings released: ₹1.08 loss per share (vs ₹0.33 profit in 2Q 2023) Second quarter 2024 results: ₹1.08 loss per share (down from ₹0.33 profit in 2Q 2023). Revenue: ₹635.0m (down 40% from 2Q 2023). Net loss: ₹137.9m (down ₹163.0m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 04
Praxis Home Retail Limited Appoints Rahul Prakash as Chief Product Officer Praxis Home Retail Limited announced that the Board of Directors of the Company at its meeting held on November 03, 2023, approved the appointment of Mr. Rahul Prakash as Chief Product Officer of the Company with effect from 03 November, 2023 designated as the Senior Managerial Personnel ("SMP") of the Company. Rahul Prakash has done his BCom from the Delhi University and MBA at the prestigious School of Business Management, NMIMS. He is a seasoned digital product management professional with over 18 years of experience in shaping and delivering innovative digital products, his journey in the world of online business has been marked by a commitment to creating customer-centric solutions that drive industry innovation. career trajectory includes working in major conglomerates like the Times Group & Future Group, and his last assignment was with Reliance Retail. He has gained extensive exposure in industries, from media and retail to real estate and fashion. He has spearheaded multiple successful product launches, leveraging emerging technologies and agile methodologies to bring transformative digital solutions to the market. He has successfully led the development of a digital platform for a real estate conglomerate and launched e-commerce platforms for fashion and food retail giants, resulting in a significant boost in business. He is well-versed in Agile and Scrum methodologies, ensuring that projects are executed efficiently and with precision. He has a good understanding and extensive experience in user-centered design, always prioritizing the customer at the forefront of product development. Market research and analysis are his strengths, enabling data-driven decision-making. Recent Insider Transactions • Sep 29
MD & Director recently sold ₹1.5m worth of stock On the 26th of September, Mahesh Shah sold around 50k shares on-market at roughly ₹30.44 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹2.5m more than they bought in the last 12 months. Announcement • Aug 31
Praxis Home Retail Limited Announces Resignation of Mahesh Shah as Managing Director, Effective October 31, 2023 Praxis Home Retail Limited announced that at the Board of Directors meeting held on August 31, 2023, approved the resignation tendered by Mr. Mahesh Shah (DIN:01488017) for his resignation from the position of Managing Director of the Company with effect from October 31, 2023 (closing of business hours) due to personal reasons. Announcement • Aug 08
Praxis Home Retail Limited Appoints Ashish Bhutda as Chief Operating Officer of the Company Praxis Home Retail Limited appointed Ashish Bhutda as a Chief Operating Officer of the Company, effective August 7, 2023. Ashish Bhutda is an MBA (Marketing & Finance) graduate from Prestige Institute of Management Research and has also pursued a Management Executive Program from IIM-Bangalore. He has a rich experience of over 2 decades with various companies namely Globus Store, Reliance Web store (P) Ltd. Retail division of Reliance Infocomm Ltd. & Future Lifestyle Fashions Limited (Central). His last assignment was with Reliance Retail Ltd- Centro where he launched the brand at 13 locations Pan India, and he was a strategic leader in 23 Centro store transitions across the country. Reported Earnings • Aug 08
First quarter 2024 earnings released: ₹2.45 loss per share (vs ₹0.58 loss in 1Q 2023) First quarter 2024 results: ₹2.45 loss per share (further deteriorated from ₹0.58 loss in 1Q 2023). Revenue: ₹503.4m (down 51% from 1Q 2023). Net loss: ₹198.6m (loss widened 352% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jul 31
Praxis Home Retail Limited to Report Q1, 2024 Results on Aug 07, 2023 Praxis Home Retail Limited announced that they will report Q1, 2024 results on Aug 07, 2023 New Risk • Jun 24
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). Negative equity (-₹179m). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹1.74b market cap, or US$21.2m). Announcement • Jun 23
Praxis Home Retail Limited announced that it expects to receive INR 156 million in funding Praxis Home Retail Limited announced a private placemen to issue o 4,00,00,000 (Four Crores) Equity Share Warrants, on a Preferential Basis, carrying an entitlement to subscribe for equivalent number of fully paid-up Equity Shares of the Company, at a price of ? 15.60/- (Rupees Fifteen and Sixty Paise only) per Equity Share (including a Premium of ? 10.60/- (Rupees Ten and Sixty Paise only) per Equity Share, for a total consideration of upto ? 62,40,00,000 to the following Specified Investors: Mathew Cyriac Individual 3,96,00,000 61,77,60,000 Naveen Jain Individual 4,00,000 62,40,000. Each Warrants shall carry an entitlement to subscribe to One Equity Share of face value of ? 5/- each (Rupees Five only) of the Company at a price of ? 15.60/- (Rupees Fifteen and Sixty Paise only) per Equity Share; b) An amount equivalent to 25% of the Exercise Price of the Equity Shares, arising out of the Warrants, shall be payable at the time of making the application for the Warrants, as prescribed. The transaction is subject to shareholders on July 22, 2023. Reported Earnings • May 30
Full year 2023 earnings released: ₹2.79 loss per share (vs ₹2.74 profit in FY 2022) Full year 2023 results: ₹2.79 loss per share (down from ₹2.74 profit in FY 2022). Revenue: ₹3.95b (flat on FY 2022). Net loss: ₹210.1m (down 248% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • May 20
Praxis Home Retail Limited to Report Q4, 2023 Results on May 27, 2023 Praxis Home Retail Limited announced that they will report Q4, 2023 results on May 27, 2023 Board Change • Apr 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Jacob Mathew is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Mar 15
MD & Additional Director recently sold ₹961k worth of stock On the 8th of March, Mahesh Shah sold around 45k shares on-market at roughly ₹21.28 per share. This transaction amounted to 90% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mahesh's only on-market trade for the last 12 months. Reported Earnings • Feb 07
Third quarter 2023 earnings released: ₹0.87 loss per share (vs ₹2.26 profit in 3Q 2022) Third quarter 2023 results: ₹0.87 loss per share (down from ₹2.26 profit in 3Q 2022). Revenue: ₹1.06b (down 18% from 3Q 2022). Net loss: ₹65.5m (down 165% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Jan 29
Praxis Home Retail Limited to Report Q3, 2023 Results on Feb 06, 2023 Praxis Home Retail Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Announcement • Dec 09
Praxis Home Retail Limited Announces Resignation of Avni Biyani as Director Praxis Home Retail Limited announced that Ms. Avni Biyani, Non-Executive Non-Independent Director of the Company has communicated her decision to resign from the Board due to her other personal commitments with effect from December 8, 2022 (Closing of business hours). Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₹33.15, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 35x in the Specialty Retail industry in India. Total loss to shareholders of 1.3% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Executive & Non-Independent Director Shrirang Sarda is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Nov 04
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 8.6%. The fair value is estimated to be ₹38.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Oct 16
Praxis Home Retail Limited to Report Q2, 2023 Results on Oct 22, 2022 Praxis Home Retail Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Oct 22, 2022 Buying Opportunity • Sep 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.1%. The fair value is estimated to be ₹41.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 23% share price gain to ₹35.95, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 30x in the Specialty Retail industry in India. Total loss to shareholders of 4.2% over the past three years. Buying Opportunity • Aug 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be ₹38.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jul 28
Praxis Home Retail Limited to Report Q1, 2023 Results on Aug 05, 2022 Praxis Home Retail Limited announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • Jul 28
Full year 2022 earnings released: EPS: ₹2.74 (vs ₹36.61 loss in FY 2021) Full year 2022 results: EPS: ₹2.74 (up from ₹36.61 loss in FY 2021). Revenue: ₹3.99b (up 27% from FY 2021). Net income: ₹142.4m (up ₹1.17b from FY 2021). Profit margin: 3.6% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Jul 26
Praxis Home Retail Limited, Annual General Meeting, Aug 19, 2022 Praxis Home Retail Limited, Annual General Meeting, Aug 19, 2022, at 11:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2022 together with the Reports of the Board of Directors and Auditors thereon; to appoint a Director in place of Ms. Avni Biyani (DIN: 02177900), Non-Executive Non-Independent Director, who retires by rotation and being eligible, offers herself for re-appointment; and to appoint the statutory auditors and fix their remuneration. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 18% share price gain to ₹42.35, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 41x in the Specialty Retail industry in India. Total loss to shareholders of 32% over the past three years. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Executive & Non-Independent Director Shrirang Sarda is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Feb 15
Now 20% undervalued Over the last 90 days, the stock is up 62%. The fair value is estimated to be ₹79.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% per annum over the last 3 years. Earnings per share has declined by 3.1% per annum over the last 3 years. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.26 (up from ₹5.57 loss in 3Q 2021). Revenue: ₹1.30b (up 15% from 3Q 2021). Net income: ₹100.7m (up ₹254.8m from 3Q 2021). Profit margin: 7.8% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS ₹2.14 (vs ₹12.57 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.34b (up 60% from 2Q 2021). Net income: ₹67.7m (up ₹415.2m from 2Q 2021). Profit margin: 5.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 03
Full year 2021 earnings released: ₹36.61 loss per share (vs ₹32.24 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: ₹3.79b (down 46% from FY 2020). Net loss: ₹1.03b (loss widened 28% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 02
Independent Director has left the company On the 1st of June, Sridevi Badiga's tenure as Independent Director ended after 3.5 years in the role. We don't have any record of a personal shareholding under Sridevi's name. A total of 7 executives have left over the last 12 months. Executive Departure • Jun 02
Chief Executive Officer Sandeep Sharma has left the company On the 31st of May, Sandeep Sharma's tenure as Chief Executive Officer of the company ended after less than a year in the role. We don't have any record of a personal shareholding under Sandeep's name. A total of 7 executives have left over the last 12 months. Under Sandeep's leadership, the company delivered a total shareholder return of -6.9%. Executive Departure • Mar 30
Independent Director has left the company On the 30th of March, Sivaprakasam Subramanian's tenure as Independent Director ended after 3.3 years in the role. We don't have any record of a personal shareholding under Sivaprakasam's name. A total of 5 executives have left over the last 12 months. Executive Departure • Mar 30
Independent Director has left the company On the 30th of March, Pankaj Bhargava's tenure as Independent Director ended after 3.3 years in the role. We don't have any record of a personal shareholding under Pankaj's name. A total of 5 executives have left over the last 12 months. Executive Departure • Mar 28
Non-Executive Chairman Viraj Didwania has left the company On the 26th of March, Viraj Didwania's tenure as Non-Executive Chairman ended after 3.3 years in the role. We don't have any record of a personal shareholding under Viraj's name. A total of 3 executives have left over the last 12 months. Executive Departure • Mar 26
Independent Director has left the company On the 19th of March, Shantanu Shah's tenure as Independent Director ended after 3.3 years in the role. As of December 2020, Shantanu personally held only 1.00k shares (₹47k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 01
Third quarter 2021 earnings released: ₹5.57 loss per share (vs ₹4.82 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₹1.21b (down 38% from 3Q 2020). Net loss: ₹154.1m (loss widened 30% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 86% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day high: ₹59.65 The company is up 87% from its price of ₹31.85 on 03 November 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 28% over the same period. Announcement • Jan 22
Praxis Home Retail Limited to Report Q3, 2021 Results on Jan 29, 2021 Praxis Home Retail Limited announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Jan 13
New 90-day high: ₹51.60 The company is up 66% from its price of ₹31.05 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 Specialty Retail industry, which is up 42% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: ₹40.45 The company is up 5.0% from its price of ₹38.45 on 29 September 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 23% over the same period. Reported Earnings • Oct 28
First half earnings released Over the last 12 months the company has reported total losses of ₹1.10b, with losses widening by 61% from the prior year. Total revenue was ₹4.55b over the last 12 months, down 35% from the prior year. Announcement • Sep 03
Praxis Home Retail Limited to Report Q1, 2020 Results on Sep 10, 2020 Praxis Home Retail Limited announced that they will report Q1, 2020 results on Sep 10, 2020 Announcement • Jun 22
Praxis Home Retail Limited to Report Q4, 2020 Results on Jun 29, 2020 Praxis Home Retail Limited announced that they will report Q4, 2020 results on Jun 29, 2020 
