Announcement • Apr 21
Pace E-Commerce Ventures Limited to Report Second Half, 2026 Results on Apr 27, 2026 Pace E-Commerce Ventures Limited announced that they will report second half, 2026 results on Apr 27, 2026 New Risk • Apr 07
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 Market cap is less than US$10m (₹382.6m market cap, or US$4.12m). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹14.90, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 16x in the Specialty Retail industry in India. Total loss to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹16.04, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 17x in the Specialty Retail industry in India. Total loss to shareholders of 26% over the past three years. Recent Insider Transactions • Nov 04
Founder recently sold ₹7.5m worth of stock On the 3rd of November, Shaival Gandhi sold around 318k shares on-market at roughly ₹23.63 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹9.8m. Shaival has been a net seller over the last 12 months, reducing personal holdings by ₹29m. Buy Or Sell Opportunity • Oct 27
Now 31% undervalued Over the last 90 days, the stock has risen 13% to ₹25.41. The fair value is estimated to be ₹36.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last year. Earnings per share has grown by 17%. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to ₹31.56, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 30x in the Specialty Retail industry in India. Total loss to shareholders of 71% over the past three years. Reported Earnings • Oct 23
First half 2026 earnings released: EPS: ₹0.96 (vs ₹0.61 in 1H 2025) First half 2026 results: EPS: ₹0.96 (up from ₹0.61 in 1H 2025). Revenue: ₹421.2m (up 59% from 1H 2025). Net income: ₹21.5m (up 58% from 1H 2025). Profit margin: 5.1% (down from 5.2% in 1H 2025). The decrease in margin was driven by higher expenses. Announcement • Oct 11
Pace E-Commerce Ventures Limited to Report First Half, 2026 Results on Oct 18, 2025 Pace E-Commerce Ventures Limited announced that they will report first half, 2026 results on Oct 18, 2025 Recent Insider Transactions • Sep 30
Founder recently sold ₹5.2m worth of stock On the 25th of September, Shaival Gandhi sold around 230k shares on-market at roughly ₹22.74 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹9.8m. Shaival has been a net seller over the last 12 months, reducing personal holdings by ₹22m. Reported Earnings • Sep 09
Full year 2025 earnings released: EPS: ₹1.47 (vs ₹1.06 in FY 2024) Full year 2025 results: EPS: ₹1.47 (up from ₹1.06 in FY 2024). Revenue: ₹721.4m (up 69% from FY 2024). Net income: ₹33.1m (up 38% from FY 2024). Profit margin: 4.6% (down from 5.6% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Sep 08
Pace E-Commerce Ventures Limited, Annual General Meeting, Sep 27, 2025 Pace E-Commerce Ventures Limited, Annual General Meeting, Sep 27, 2025, at 15:00 Indian Standard Time. Recent Insider Transactions • Sep 04
Founder recently sold ₹9.8m worth of stock On the 1st of September, Shaival Gandhi sold around 443k shares on-market at roughly ₹22.07 per share. This transaction amounted to 3.2% 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 Shaival's only on-market trade for the last 12 months. Board Change • Sep 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. 7 experienced directors. No highly experienced directors. Non Executive Independent Director Mihirkumar Sojitra was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 02
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 Market cap is less than US$10m (₹555.9m market cap, or US$6.51m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹1.47 (vs ₹1.06 in FY 2024) Full year 2025 results: EPS: ₹1.47 (up from ₹1.06 in FY 2024). Revenue: ₹741.5m (up 73% from FY 2024). Net income: ₹33.1m (up 38% from FY 2024). Profit margin: 4.5% (down from 5.6% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹29.55, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 33x in the Specialty Retail industry in India. Total loss to shareholders of 11% over the past year. Announcement • May 19
Pace E-Commerce Ventures Limited to Report Second Half, 2025 Results on May 27, 2025 Pace E-Commerce Ventures Limited announced that they will report second half, 2025 results on May 27, 2025 Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹21.49, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 32x in the Specialty Retail industry in India. Total returns to shareholders of 13% over the past year. Announcement • Feb 28
Pace E-Commerce Ventures Limited Appoints Megha Vimal Doshi as Company Secretary and Compliance Officer, Effective March 1, 2025 Pace E-Commerce Ventures Limited announced that pursuant to the recommendation of Nomination & Remuneration Committee, the Board of Directors of the company at its meeting held on February 28, 2025, has appointed Ms. Megha Vimal Doshi (Membership No. A63408) as Company Secretary, Compliance Officer and Key Managerial Personnel (KMP) of the Company with effect from March 1, 2025. Ms. Megha Vimal Doshi is the member of Institute of Company Secretaries of India. She holds a LLB degree from Veer Narmad South Gujarat University, Gujarat. She has more than 2 years of working experience in corporate law, intellectual property rights, securities laws, labour law, tax law and Corporate Governance etc. She has worked as a consultant in Enwisen Consulting LLP & GSV. & Co. Announcement • Dec 27
Pace E-Commerce Ventures Limited Announces Resignation of Nikita Kanhiyalal Pediwal as Company Secretary and Compliance Officer, Effective January 1, 2025 Pace E-Commerce Ventures Limited announced that Ms. Nikita Kanhiyalal Pediwal, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered her resignation from the position of Company Secretary and Compliance Officer of the Company vide her letter dated 24th December, 2024, to pursue better career opportunity outside organization and she will be relieved from her services from the Company with effect 01st January, 2025. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹38.06, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 53x in the Specialty Retail industry in India. Total returns to shareholders of 39% over the past year. Announcement • Nov 09
Pace E-Commerce Ventures Limited to Report First Half, 2025 Results on Nov 11, 2024 Pace E-Commerce Ventures Limited announced that they will report first half, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹33.80, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 50x in the Specialty Retail industry in India. Total returns to shareholders of 71% over the past year. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹28.21, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 54x in the Specialty Retail industry in India. Total returns to shareholders of 38% over the past year. Reported Earnings • Sep 06
Full year 2024 earnings released Full year 2024 results: Revenue: ₹439.8m (up 55% from FY 2023). Net income: ₹23.9m (up 284% from FY 2023). Profit margin: 5.4% (up from 2.2% in FY 2023). The increase in margin was driven by higher revenue. Announcement • Sep 05
Pace E-Commerce Ventures Limited, Annual General Meeting, Sep 27, 2024 Pace E-Commerce Ventures Limited, Annual General Meeting, Sep 27, 2024. New Risk • May 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (66% accrual ratio). Market cap is less than US$10m (₹674.7m market cap, or US$8.12m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (1.2% net profit margin). Revenue is less than US$5m (₹325m revenue, or US$3.9m). Announcement • May 11
Pace E-Commerce Ventures Limited to Report Second Half, 2024 Results on May 18, 2024 Pace E-Commerce Ventures Limited announced that they will report second half, 2024 results on May 18, 2024 Reported Earnings • Nov 14
First half 2024 earnings released: EPS: ₹0.12 (vs ₹0.041 in 1H 2023) First half 2024 results: EPS: ₹0.12 (up from ₹0.041 in 1H 2023). Revenue: ₹132.2m (down 32% from 1H 2023). Net income: ₹2.69m (up 145% from 1H 2023). Profit margin: 2.0% (up from 0.6% in 1H 2023). The increase in margin was driven by lower expenses. Announcement • Sep 07
Pace E-Commerce Ventures Limited, Annual General Meeting, Sep 29, 2023 Pace E-Commerce Ventures Limited, Annual General Meeting, Sep 29, 2023, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Standalone Financial Statements including Audited Balance Sheet of the Company as at March 31, 2023 and statement of Profit and Loss and Cash Flow Statement for the year ended March 31, 2023 together with Board of Directors' and Auditors' Report thereon; to consider Resolution for Re-Appointment of Director Retiring by Rotation; and being eligible offers herself for re-appointment; and to consider and approve appointment of Auditors and to fix their remuneration. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹21.24, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 40x in the Specialty Retail industry in India. Reported Earnings • Jun 04
Full year 2023 earnings released: EPS: ₹0.03 (vs ₹0.29 in FY 2022) Full year 2023 results: EPS: ₹0.03. Revenue: ₹284.0m (up 171% from FY 2022). Net income: ₹6.23m (up 15% from FY 2022). Profit margin: 2.2% (down from 5.2% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • May 20
Pace E-Commerce Ventures Limited to Report Second Half, 2023 Results on May 27, 2023 Pace E-Commerce Ventures Limited announced that they will report second half, 2023 results on May 27, 2023 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹18.33, the stock trades at a trailing P/E ratio of 76.3x. Average trailing P/E is 29x in the Specialty Retail industry in India. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹18.75, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 27x in the Online Retail industry in India. 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. 3 experienced directors. No highly experienced directors. MD, CFO, Director & Member of Advisory Board Shaival Gandhi is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 21
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. 3 experienced directors. No highly experienced directors. MD, CFO, Director & Member of Advisory Board Shaival Gandhi is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 
