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 7.6% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Announcement • Jul 13
D. P. Abhushan Limited to Report Q1, 2027 Results on Jul 20, 2026 D. P. Abhushan Limited announced that they will report Q1, 2027 results on Jul 20, 2026 Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,151, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 20x in the Specialty Retail industry in India. Total returns to shareholders of 330% over the past three years. Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹92.97 (vs ₹50.05 in FY 2025) Full year 2026 results: EPS: ₹92.97 (up from ₹50.05 in FY 2025). Revenue: ₹40.7b (up 23% from FY 2025). Net income: ₹2.12b (up 88% from FY 2025). Profit margin: 5.2% (up from 3.4% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 49% per year. Announcement • May 15
D. P. Abhushan Limited to Report Q4, 2026 Results on May 21, 2026 D. P. Abhushan Limited announced that they will report Q4, 2026 results at 9:08 AM, Indian Standard Time on May 21, 2026 Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹925, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 20x in the Specialty Retail industry in India. Total returns to shareholders of 214% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹1,005, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 19x in the Specialty Retail industry in India. Total returns to shareholders of 228% over the past three years. New Risk • Jan 25
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. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 24
Third quarter 2026 earnings released: EPS: ₹32.21 (vs ₹16.60 in 3Q 2025) Third quarter 2026 results: EPS: ₹32.21 (up from ₹16.60 in 3Q 2025). Revenue: ₹12.2b (up 13% from 3Q 2025). Net income: ₹733.5m (up 97% from 3Q 2025). Profit margin: 6.0% (up from 3.4% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 19
D. P. Abhushan Limited to Report Q3, 2026 Results on Jan 23, 2026 D. P. Abhushan Limited announced that they will report Q3, 2026 results on Jan 23, 2026 Reported Earnings • Nov 04
Second quarter 2026 earnings released: EPS: ₹22.57 (vs ₹11.21 in 2Q 2025) Second quarter 2026 results: EPS: ₹22.57 (up from ₹11.21 in 2Q 2025). Revenue: ₹9.68b (down 3.7% from 2Q 2025). Net income: ₹514.6m (up 105% from 2Q 2025). Profit margin: 5.3% (up from 2.5% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 29
D. P. Abhushan Limited to Report Q2, 2026 Results on Nov 03, 2025 D. P. Abhushan Limited announced that they will report Q2, 2026 results on Nov 03, 2025 Announcement • Sep 04
D. P. Abhushan Limited, Annual General Meeting, Sep 29, 2025 D. P. Abhushan Limited, Annual General Meeting, Sep 29, 2025, at 16:30 Indian Standard Time. Location: hotel balaji, central sailana rd., near amrit garden, opp. gtb academy, school, barbad mandir, ratlam, madhya pradesh - 457 001, India Reported Earnings • Jul 30
First quarter 2026 earnings released: EPS: ₹16.07 (vs ₹11.27 in 1Q 2025) First quarter 2026 results: EPS: ₹16.07 (up from ₹11.27 in 1Q 2025). Revenue: ₹5.40b (up 7.1% from 1Q 2025). Net income: ₹364.2m (up 45% from 1Q 2025). Profit margin: 6.7% (up from 5.0% 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 36% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 23
D. P. Abhushan Limited to Report Q1, 2026 Results on Jul 29, 2025 D. P. Abhushan Limited announced that they will report Q1, 2026 results on Jul 29, 2025 Reported Earnings • May 17
Full year 2025 earnings released Full year 2025 results: Revenue: ₹33.1b (up 42% from FY 2024). Net income: ₹1.13b (up 82% from FY 2024). Profit margin: 3.4% (up from 2.6% in FY 2024). The increase in margin was driven by higher revenue. Announcement • May 13
D. P. Abhushan Limited to Report Q4, 2025 Results on May 16, 2025 D. P. Abhushan Limited announced that they will report Q4, 2025 results on May 16, 2025 Board Change • May 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. 6 experienced directors. 1 highly experienced director. Non-Executive Woman Independent Director Apurva Chordia 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. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,532, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 33x in the Specialty Retail industry in India. Total returns to shareholders of 302% over the past three years. Announcement • Mar 11
D. P. Abhushan Limited Announces Resignation of Seema Mandloi as Non-Executive Independent Director D. P. Abhushan Limited announced resignation of Mrs. Seema Mandloi as Non-Executive Independent Director of the Company with effect from February 18, 2025 due to personal reasons. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹16.60 (vs ₹7.51 in 3Q 2024) Third quarter 2025 results: EPS: ₹16.60 (up from ₹7.51 in 3Q 2024). Revenue: ₹10.9b (up 42% from 3Q 2024). Net income: ₹373.4m (up 123% from 3Q 2024). Profit margin: 3.4% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
D. P. Abhushan Limited to Report Q3, 2025 Results on Feb 07, 2025 D. P. Abhushan Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,648, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 50x in the Specialty Retail industry in India. Total returns to shareholders of 356% over the past three years. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹11.21 (vs ₹5.95 in 2Q 2024) Second quarter 2025 results: EPS: ₹11.21 (up from ₹5.95 in 2Q 2024). Revenue: ₹10.0b (up 84% from 2Q 2024). Net income: ₹251.3m (up 89% from 2Q 2024). Profit margin: 2.5% (up from 2.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 11
D. P. Abhushan Limited to Report Q2, 2025 Results on Oct 28, 2024 D. P. Abhushan Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Announcement • Sep 12
D. P. Abhushan Limited, Annual General Meeting, Sep 27, 2024 D. P. Abhushan Limited, Annual General Meeting, Sep 27, 2024, at 16:30 Indian Standard Time. Location: hotel balaji, central sailana road, near amrit garden, opposite gtb, academy school, barbad mandir, ratlam - 457 001, madhya pradesh, ratlam India Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,528, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 48x in the Specialty Retail industry in India. Total returns to shareholders of 667% over the past three years. Recent Insider Transactions • Aug 29
Non-Executive Independent Director recently sold ₹5.2m worth of stock On the 23rd of August, Deepak Gadia sold around 4k shares on-market at roughly ₹1,359 per share. This transaction amounted to 100% 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 the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 20
First quarter 2025 earnings released: EPS: ₹11.27 (vs ₹7.02 in 1Q 2024) First quarter 2025 results: EPS: ₹11.27 (up from ₹7.02 in 1Q 2024). Revenue: ₹5.05b (up 7.0% from 1Q 2024). Net income: ₹250.8m (up 61% from 1Q 2024). Profit margin: 5.0% (up from 3.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 28
D. P. Abhushan Limited to Report Q1, 2025 Results on Jul 18, 2024 D. P. Abhushan Limited announced that they will report Q1, 2025 results on Jul 18, 2024 Announcement • May 23
D. P. Abhushan Limited announced that it expects to receive INR 641.28819 million in funding from Vijit Global Securities Private Limited, Infinity Value Investments Ltd D. P. Abhushan Limited announced a private placement of 443,170 common shares at a price of INR 1,182 for the gross proceeds of INR 512,006,940 and 397,500 fully convertible equity warrants at a price of INR 295.5 per warrant for the gross proceeds of INR 117,461,250 for the total gross proceeds of INR 641,288,190 on May 21, 2024. The transaction will include participation from Vijit Global Securities Private Limited, Infinity Value Investments Ltd, Sumitkumar Jain, Ankita Dhaval Shah, Nehal Bhavesh Shah and other investors. The warrants will be convertible into common shares of the company at an exercise price of INR 886.5 The transaction has been approved by the shareholders of the company. Reported Earnings • May 23
Full year 2024 earnings released: EPS: ₹27.28 (vs ₹20.36 in FY 2023) Full year 2024 results: EPS: ₹27.28 (up from ₹20.36 in FY 2023). Revenue: ₹23.4b (up 19% from FY 2023). Net income: ₹618.6m (up 37% from FY 2023). Profit margin: 2.6% (up from 2.3% 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 21% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 16
D. P. Abhushan Limited to Report Q4, 2024 Results on May 21, 2024 D. P. Abhushan Limited announced that they will report Q4, 2024 results on May 21, 2024 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,336, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 52x in the Specialty Retail industry in India. Total returns to shareholders of 970% over the past three years. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,177, the stock trades at a trailing P/E ratio of 52.2x. Average trailing P/E is 47x in the Specialty Retail industry in India. Total returns to shareholders of 935% over the past three years. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹1,122, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 48x in the Specialty Retail industry in India. Total returns to shareholders of 851% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹875, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 45x in the Specialty Retail industry in India. Total returns to shareholders of 684% over the past three years. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹7.51 (vs ₹8.79 in 3Q 2023) Third quarter 2024 results: EPS: ₹7.51 (down from ₹8.79 in 3Q 2023). Revenue: ₹7.66b (up 14% from 3Q 2023). Net income: ₹167.1m (down 14% from 3Q 2023). Profit margin: 2.2% (down from 2.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹517, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 43x in the Specialty Retail industry in India. Total returns to shareholders of 304% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹632, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 41x in the Specialty Retail industry in India. Total returns to shareholders of 611% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.00 per share at 0.2% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 4.9% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.2%). Announcement • Sep 09
D. P. Abhushan Limited, Annual General Meeting, Sep 30, 2023 D. P. Abhushan Limited, Annual General Meeting, Sep 30, 2023, at 16:30 Indian Standard Time. Location: Hotel Balaji, Central Sailana Road Near Amrit Garden, Opposite GTB Academy School, Barbad Mandir Ratlam Madhya Pradesh India Agenda: To consider and adopt the audited standalone financial statement of the Company for the financial year ended March 31, 2023and the reports of the Board of Directors and Auditors; to appoint Mr. Santosh Kataria, Chairman and Managing Director, who retires by rotation and being eligible, offers himself for re-appointment; and to consider other matters. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹562, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 46x in the Specialty Retail industry in India. Total returns to shareholders of 563% over the past three years. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹7.02 (vs ₹5.81 in 1Q 2023) First quarter 2024 results: EPS: ₹7.02 (up from ₹5.81 in 1Q 2023). Revenue: ₹4.72b (up 8.8% from 1Q 2023). Net income: ₹156.2m (up 21% from 1Q 2023). Profit margin: 3.3% (up from 3.0% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 08
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 8.4% 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: Minor Risks High level of debt (61% net debt to equity). Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₹7.74b market cap, or US$93.6m). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₹348, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 38x in the Specialty Retail industry in India. Total returns to shareholders of 406% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹281, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 37x in the Specialty Retail industry in India. Total returns to shareholders of 342% over the past three years. New Risk • Jun 15
New minor risk - Dividend sustainability The company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 0.4% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (61% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (₹5.42b market cap, or US$66.1m). Announcement • May 19
D. P. Abhushan Limited to Report Q4, 2023 Results on May 17, 2023 D. P. Abhushan Limited announced that they will report Q4, 2023 results on May 17, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: ₹20.33 (vs ₹18.21 in FY 2022) Full year 2023 results: EPS: ₹20.33 (up from ₹18.21 in FY 2022). Revenue: ₹19.8b (up 14% from FY 2022). Net income: ₹453.2m (up 12% from FY 2022). Profit margin: 2.3% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 05
Head of Marketing recently bought ₹18m worth of stock On the 29th of March, Ratanlal Kataria bought around 60k shares on-market at roughly ₹295 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹17m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹342, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 32x in the Specialty Retail industry in India. Total returns to shareholders of 404% over the past three years. Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: ₹8.79 (vs ₹7.09 in 3Q 2022) Third quarter 2023 results: EPS: ₹8.79 (up from ₹7.09 in 3Q 2022). Revenue: ₹6.72b (flat on 3Q 2022). Net income: ₹195.6m (up 24% from 3Q 2022). Profit margin: 2.9% (up from 2.4% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: ₹3.75 (vs ₹4.87 in 2Q 2022) Second quarter 2023 results: EPS: ₹3.75 (down from ₹4.87 in 2Q 2022). Revenue: ₹4.85b (up 8.3% from 2Q 2022). Net income: ₹83.6m (down 23% from 2Q 2022). Profit margin: 1.7% (down from 2.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 10
D. P. Abhushan Limited Proposes Final Dividend for the Financial Year Ended on March 31, 2022 D. P. Abhushan Limited announced that at the AGM to be held on September 30, 2022, the company proposed final dividend of INR 1.00 (Rupee One only) per equity share of INR 10.00 (Rupees Ten Only) each for the financial year ended on March 31, 2022. Reported Earnings • May 28
Full year 2022 earnings released: EPS: ₹18.21 (vs ₹12.31 in FY 2021) Full year 2022 results: EPS: ₹18.21 (up from ₹12.31 in FY 2021). Revenue: ₹17.3b (up 42% from FY 2021). Net income: ₹405.3m (up 48% from FY 2021). Profit margin: 2.3% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 15% share price gain to ₹455, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 43x in the Specialty Retail industry in India. Total returns to shareholders of 809% over the past three years. Reported Earnings • Jan 21
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹7.09 (up from ₹3.92 in 3Q 2021). Revenue: ₹6.68b (up 61% from 3Q 2021). Net income: ₹157.9m (up 81% from 3Q 2021). Profit margin: 2.4% (up from 2.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 31
Insider recently sold ₹987k worth of stock On the 27th of December, Ankit Katariya sold around 3k shares on-market at roughly ₹329 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹531k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 31% share price gain to ₹413, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 25x in the Specialty Retail industry in India. Total returns to shareholders of 799% over the past three years. Recent Insider Transactions • Dec 24
Non-Executive Independent Director recently bought ₹212k worth of stock On the 15th of December, Deepak Gadia bought around 700 shares on-market at roughly ₹303 per share. In the last 3 months, they made an even bigger purchase worth ₹2.2m. Insiders have collectively bought ₹2.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 17
Non-Executive Independent Director recently bought ₹2.2m worth of stock On the 10th of November, Deepak Gadia bought around 8k shares on-market at roughly ₹292 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS ₹4.87 (vs ₹3.20 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹4.48b (up 160% from 2Q 2021). Net income: ₹108.4m (up 52% from 2Q 2021). Profit margin: 2.4% (down from 4.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹1.92 (vs ₹1.46 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: ₹1.75b (up 322% from 1Q 2021). Net income: ₹42.6m (up 31% from 1Q 2021). Profit margin: 2.4% (down from 7.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 18% share price gain to ₹221, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 17x in the Specialty Retail industry in India. Total returns to shareholders of 402% over the past three years. Reported Earnings • Jun 11
Full year 2021 earnings released: EPS ₹12.31 (vs ₹7.39 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹12.2b (up 51% from FY 2020). Net income: ₹274.0m (up 67% from FY 2020). Profit margin: 2.2% (up from 2.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 40% per year. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₹163, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 16x in the Specialty Retail industry in India. Total returns to shareholders of 167% over the past three years. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹3.92 (vs ₹2.18 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ₹4.14b (up 76% from 3Q 2020). Net income: ₹87.2m (up 80% from 3Q 2020). Profit margin: 2.1% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 18% share price gain to ₹116, the stock is trading at a trailing P/E ratio of 15.7x, up from the previous P/E ratio of 13.3x. This compares to an average P/E of 13x in the Specialty Retail industry in India. Total returns to shareholders over the past three years are 57%. Is New 90 Day High Low • Feb 12
New 90-day high: ₹116 The company is up 13% from its price of ₹102 on 14 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 41% over the same period.