Buy Or Sell Opportunity • Dec 24
Now 23% overvalued Over the last 90 days, the stock has fallen 20% to ₹3.71. The fair value is estimated to be ₹3.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 143% over the last year. Meanwhile, the company became loss making. New Risk • Jul 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 6.9% 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 Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (₹21m revenue, or US$238k). Market cap is less than US$10m (₹64.0m market cap, or US$741.1k). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Jun 02
Full year 2025 earnings released: ₹0.69 loss per share (vs ₹0.67 profit in FY 2024) Full year 2025 results: ₹0.69 loss per share (down from ₹0.67 profit in FY 2024). Net loss: ₹13.0m (down 231% from profit in FY 2024). New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (₹21m revenue, or US$241k). Market cap is less than US$10m (₹88.7m market cap, or US$1.04m). Announcement • May 22
Naturo Agrotech India Limited to Report Q4, 2025 Results on May 30, 2025 Naturo Agrotech India Limited announced that they will report Q4, 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹4.21, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 27x in the Retail Distributors industry in India. Total loss to shareholders of 77% over the past year. New Risk • Mar 23
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). Market cap is less than US$10m (₹59.8m market cap, or US$695.4k). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (₹265m revenue, or US$3.1m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹2.74, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 25x in the Retail Distributors industry in India. Total loss to shareholders of 78% over the past year. Announcement • Mar 11
Naturo Agrotech India Limited Appoints Megha Sharma as Company Secretary and Compliance Officer Naturo Agrotech India Limited announced that at the board meeting held on March, 11, 2025, and based on the recommendations of Nomination and Remuneration Committee has approved the appointment of Ms. MEGHA SHARMA designated as a Company Secretary (KMP) and Compliance Officer of the Company with effect from March 11, 2025. Ms. MEGHA SHARMA has been appointed as a Company Secretary and Compliance Officer of the Company with effect from March 11, 2025, as required under Section 203 of the Companies Act, 2013 for the first time. Ms. MEGHA SHARMA is an Associate Member of the Institute of Company Secretaries of India and a qualified Company Secretary having membership no. A42766. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹4.48, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 26x in the Retail Distributors industry in India. Total loss to shareholders of 63% over the past year. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to ₹6.29, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 31x in the Retail Distributors industry in India. Total loss to shareholders of 54% over the past year. Reported Earnings • Dec 21
First half 2025 earnings released: EPS: ₹0.26 (vs ₹0.75 in 1H 2024) First half 2025 results: EPS: ₹0.26 (down from ₹0.75 in 1H 2024). Revenue: ₹133.9m (down 53% from 1H 2024). Net income: ₹4.93m (down 35% from 1H 2024). Profit margin: 3.7% (up from 2.7% in 1H 2024). Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹9.34, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 37x in the Retail Distributors industry in India. Total loss to shareholders of 39% over the past year. Announcement • Nov 05
Naturo Indiabull Limited to Report Q2, 2025 Results on Nov 12, 2024 Naturo Indiabull Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Sep 10
Naturo Indiabull Limited, Annual General Meeting, Sep 30, 2024 Naturo Indiabull Limited, Annual General Meeting, Sep 30, 2024, at 16:00 Indian Standard Time. Location: 1st floor,51,lohiya colony, 200 feet bye-pass,vaishali nagar, jaipur - 302021,rajasthan, jaipur India Board Change • Jul 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive Independent Director Ramcharan Saini was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 12
Full year 2024 earnings released: EPS: ₹0.67 (vs ₹1.22 in FY 2023) Full year 2024 results: EPS: ₹0.67 (down from ₹1.22 in FY 2023). Revenue: ₹421.2m (up 160% from FY 2023). Net income: ₹9.93m (down 4.4% from FY 2023). Profit margin: 2.4% (down from 6.4% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • May 25
Naturo Indiabull Limited to Report Q4, 2024 Results on May 30, 2024 Naturo Indiabull Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹16.40, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 36x in the Retail Distributors industry in India. Total returns to shareholders of 24% over the past year. Announcement • Apr 23
Naturo Indiabull Limited Appoints Shalini Arora as Company Secretary and Compliance Officer of the Company Naturo Indiabull Limited announced that at the board meeting held on April, 23, 2024, the company approved appointment of Ms. Shalini Arora designated as a Company Secretary (KMP) and Compliance Officer of the Company with effect from April, 23, 2024. Ms. Shalini Arora is an Associate Member of the Institute of Company Secretaries of India and a qualified Company Secretary having membership no. A72407. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹11.63, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 39x in the Retail Distributors industry in India. Total returns to shareholders of 59% over the past year. Announcement • Feb 28
Naturo Indiabull Limited Announces Resignation of Radhika Mishra as Company Secretary and Compliance Officer (Key Managerial Personnel) Naturo Indiabull Limited announced that Ms. Radhika Mishra, company secretary and compliance officer (Key Managerial Personnel) of the company has tendered her resignation from the company with effect from 26 February 2024, after close of business hours due to her personal reasons. Ms. Radhika Mishra will also cease to be a key Managerial Personnel under the Regulation 30(5) of the Listing Regulations for determining the materiality of any event or transaction for making the required disclosures to the Stock Exchange with effect from 26 February 2024. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹11.70, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 40x in the Retail Distributors industry in India. Total returns to shareholders of 1.7% over the past year. Announcement • Feb 08
Naturo Indiabull Limited Appoints Radhika Mishra as Company Secretary and Compliance Officer Naturo Indiabull Limited announced that Ms. Radhika Mishra has been appointed as a Company Secretary and Compliance Officer, with effect from February 08, 2024. Ms. Radhika Mishra is an Associate Member of the Institute of Company Secretaries of India and a qualified Company Secretary having membership and a law graduate. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₹16.82, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 37x in the Retail Distributors industry in India. Total returns to shareholders of 16% over the past year. Reported Earnings • Nov 30
First half 2024 earnings released First half 2024 results: EPS: ₹0.75. Revenue: ₹287.5m (up 175% from 1H 2023). Net income: ₹7.64m (up 17% from 1H 2023). Profit margin: 2.7% (down from 6.2% in 1H 2023). The decrease in margin was driven by higher expenses. Announcement • Nov 27
Naturo Indiabull Limited Announces Resignation of Rishibha Kasat as Company Secretary / Compliance Officer Naturo Indiabull Limited announced that Ms. Rishibha Kasat conveyed her decision to resign from the post of Company Secretary and Compliance Officer of the Company, due to her personal reasons. She will continue to discharge her duties as the Company Secretary and Compliance Officer of the Company, until the close of business hours on November 25, 2023 to facilitate smooth transition. New Risk • Nov 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. 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 (12% average weekly change). Shareholders have been substantially diluted in the past year (85% increase in shares outstanding). Market cap is less than US$10m (₹237.3m market cap, or US$2.85m). Minor Risks Profit margins are more than 30% lower than last year (3.6% net profit margin). Revenue is less than US$5m (₹392m revenue, or US$4.7m). Announcement • Nov 04
Naturo Indiabull Limited to Report Q2, 2024 Results on Nov 09, 2023 Naturo Indiabull Limited announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Oct 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 85% 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 (17% average weekly change). High level of non-cash earnings (74% accrual ratio). Shareholders have been substantially diluted in the past year (85% increase in shares outstanding). Market cap is less than US$10m (₹266.2m market cap, or US$3.20m). Minor Risks Profit margins are more than 30% lower than last year (6.4% net profit margin). Revenue is less than US$5m (₹162m revenue, or US$1.9m). Announcement • Sep 08
Naturo Indiabull Limited, Annual General Meeting, Sep 29, 2023 Naturo Indiabull Limited, Annual General Meeting, Sep 29, 2023, at 14:00 Indian Standard Time. Location: Registered Office of the Company situated at 01st Floor, 51 Lohiya Colony, 200 Feet Bye-Pass, Vaishali NagarJaipur-302021, Rajasthan Jaipur India Agenda: To receive, consider and adopt the audited Financial Statement of the company for the period ended as at 31st March, 2023, the Report of Board of Directors and Auditors thereon; to appoint a Director in place of Mr. Gaurav Jain (DIN: 08560737) who retires by rotation and being eligible, offers himself for re-appointment; to approve the appointment of M/S. Ajay Kumar Vijayvergiya & Associates, Chartered Accountants, as Statutory Auditors of the Company; and to consider other business matters. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹14.01, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 44x in the Retail Distributors industry in India. New Risk • Jun 08
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: 6.4% Last year net profit margin: 9.6% 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 Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (74% accrual ratio). Market cap is less than US$10m (₹127.5m market cap, or US$1.54m). Minor Risks Profit margins are more than 30% lower than last year (6.4% net profit margin). Revenue is less than US$5m (₹163m revenue, or US$2.0m). Reported Earnings • Jun 08
Full year 2023 earnings released: EPS: ₹1.22 (vs ₹1.68 in FY 2022) Full year 2023 results: EPS: ₹1.22 (down from ₹1.68 in FY 2022). Revenue: ₹162.7m (up 44% from FY 2022). Net income: ₹10.4m (down 3.8% from FY 2022). Profit margin: 6.4% (down from 9.6% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • May 23
Naturo Indiabull Limited to Report Second Half, 2023 Results on May 30, 2023 Naturo Indiabull Limited announced that they will report second half, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹12.99, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 28x in the Retail Distributors industry in India. Announcement • May 07
Naturo Indiabull Limited Approves Appointment of Rishibha Kasat as Company Secretary and Compliance Officer Naturo Indiabull Limited at its meeting held on May 06, 2023 approved the appointment of Ms. Rishibha Kasat designated as a Company Secretary (KMP) and Compliance Officer of the Company with effect from May 06, 2023. Ms. Rishibha Kasat is the Member of Institute of Company Secretaries of India. and a qualified Company Secretary having membership no.58580 and a Law graduate. And has graduate in Bachelors in Business Administration (BBM). She has a working experience of approx 1.5 year as a whole time Company Secretary in M/s. Sree lalitha parameswari spinning mills Pvt Ltd. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹13.38, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 26x in the Retail Distributors industry in India. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹8.14, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 27x in the Retail Distributors industry in India. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₹15.50, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 39x in the Retail Distributors industry in India. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Vishal Gaur is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 09
Naturo Indiabull Limited Announces Resignation of Shalini Joshi as Company Secretary and Compliance Officer Naturo Indiabull Limited announced that Ms. Shalini Joshi, Company Secretary & Compliance Officer of the Company has resigned from the position of Company Secretary & Compliance Officer with effect from close of working hoursof 08th November, 2022. Announcement • Nov 05
Naturo Indiabull Limited to Report First Half, 2023 Results on Nov 11, 2022 Naturo Indiabull Limited announced that they will report first half, 2023 results on Nov 11, 2022 Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹18.35, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 44x in the Retail Distributors industry in India. Board Change • Sep 02
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Vishal Gaur is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.