Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹21.77, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 25x in the Software industry in India. Total returns to shareholders of 39% over the past three years. Reported Earnings • May 18
Full year 2026 earnings released: EPS: ₹2.49 (vs ₹0.58 loss in FY 2025) Full year 2026 results: EPS: ₹2.49 (up from ₹0.58 loss in FY 2025). Revenue: ₹518.6m (up 21% from FY 2025). Net income: ₹28.5m (up ₹48.5m from FY 2025). Profit margin: 5.5% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 11
GlobalSpace Technologies Limited to Report Q4, 2026 Results on May 15, 2026 GlobalSpace Technologies Limited announced that they will report Q4, 2026 results on May 15, 2026 Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.11 (vs ₹0.20 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.11 (down from ₹0.20 in 3Q 2025). Revenue: ₹166.4m (up 31% from 3Q 2025). Net income: ₹3.62m (down 46% from 3Q 2025). Profit margin: 2.2% (down from 5.3% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Feb 09
GlobalSpace Technologies Limited to Report Q3, 2026 Results on Feb 12, 2026 GlobalSpace Technologies Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Dec 22
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 64% per year over the past 5 years. Market cap is less than US$10m (₹570.5m market cap, or US$6.36m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (₹402m revenue, or US$4.5m). Reported Earnings • Nov 15
Second quarter 2026 earnings released Second quarter 2026 results: ₹0.05 loss per share. Revenue: ₹100.2m (down 13% from 2Q 2025). Net loss: ₹1.20m (down 302% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 30% per year. Announcement • Nov 05
GlobalSpace Technologies Limited to Report Q2, 2026 Results on Nov 13, 2025 GlobalSpace Technologies Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Buy Or Sell Opportunity • Oct 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to ₹18.41. The fair value is estimated to be ₹15.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Sep 30
Globalspace Technologies Limited Approves Appointment Pulkit Chowdhary as an Independent Director Globalspace Technologies Limited in its AGM held on September 29, 2025 approved the appointment Mr. Pulkit Chowdhary as an Independent Director on the Board of Directors of Company. Buy Or Sell Opportunity • Sep 30
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to ₹18.66. The fair value is estimated to be ₹15.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Aug 13
GlobalSpace Technologies Limited, Annual General Meeting, Sep 29, 2025 GlobalSpace Technologies Limited, Annual General Meeting, Sep 29, 2025, at 15:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2026 earnings released First quarter 2026 results: EPS: ₹0.05. Revenue: ₹87.9m (down 12% from 1Q 2025). Net income: ₹1.60m (up ₹27.3m from 1Q 2025). Profit margin: 1.8% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Aug 09
GlobalSpace Technologies Limited to Report Q1, 2026 Results on Aug 12, 2025 GlobalSpace Technologies Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Buy Or Sell Opportunity • Jul 04
Now 20% overvalued Over the last 90 days, the stock has fallen 6.9% to ₹16.07. The fair value is estimated to be ₹13.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 05
Now 21% overvalued Over the last 90 days, the stock has fallen 5.6% to ₹16.15. The fair value is estimated to be ₹13.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 24
Full year 2025 earnings released: ₹1.75 loss per share (vs ₹1.84 loss in FY 2024) Full year 2025 results: ₹1.75 loss per share (improved from ₹1.84 loss in FY 2024). Revenue: ₹430.9m (up 48% from FY 2024). Net loss: ₹20.0m (loss narrowed 43% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • May 19
GlobalSpace Technologies Limited to Report Q4, 2025 Results on May 23, 2025 GlobalSpace Technologies Limited announced that they will report Q4, 2025 results on May 23, 2025 Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹0.20 (vs ₹0.14 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.20 (up from ₹0.14 in 3Q 2024). Revenue: ₹127.1m (up 60% from 3Q 2024). Net income: ₹6.74m (up 353% from 3Q 2024). Profit margin: 5.3% (up from 1.9% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Announcement • Feb 03
GlobalSpace Technologies Limited to Report Q3, 2025 Results on Feb 11, 2025 GlobalSpace Technologies Limited announced that they will report Q3, 2025 results on Feb 11, 2025 New Risk • Jan 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 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (₹777.8m market cap, or US$9.07m). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (₹341m revenue, or US$4.0m). Reported Earnings • Dec 24
Second quarter 2025 earnings released: EPS: ₹0.05 (vs ₹0.13 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.05 (down from ₹0.13 in 2Q 2024). Revenue: ₹115.9m (up 64% from 2Q 2024). Net income: ₹594.0k (down 61% from 2Q 2024). Profit margin: 0.5% (down from 2.1% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 20
Second quarter 2025 earnings released: EPS: ₹0.07 (vs ₹0.13 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.07 (down from ₹0.13 in 2Q 2024). Revenue: ₹81.5m (up 15% from 2Q 2024). Net income: ₹836.0k (down 45% from 2Q 2024). Profit margin: 1.0% (down from 2.1% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Nov 05
GlobalSpace Technologies Limited to Report Q2, 2025 Results on Nov 12, 2024 GlobalSpace Technologies Limited announced that they will report Q2, 2025 results on Nov 12, 2024 New Risk • Sep 05
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 8.2% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Revenue is less than US$5m (₹293m revenue, or US$3.5m). Market cap is less than US$100m (₹914.2m market cap, or US$10.9m). New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Profit margins are more than 30% lower than last year (2.3% net profit margin). Revenue is less than US$5m (₹293m revenue, or US$3.5m). Market cap is less than US$100m (₹863.8m market cap, or US$10.3m). Announcement • Aug 13
GlobalSpace Technologies Limited, Annual General Meeting, Sep 23, 2024 GlobalSpace Technologies Limited, Annual General Meeting, Sep 23, 2024, at 16:00 Indian Standard Time. Location: office no. 605, 6th floor, rupa solitaire building, millennium business park, mahape - 400710, navi mumbai India Announcement • Aug 07
GlobalSpace Technologies Limited to Report Q1, 2025 Results on Aug 12, 2024 GlobalSpace Technologies Limited announced that they will report Q1, 2025 results on Aug 12, 2024 New Risk • May 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹827.2m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Market cap is less than US$10m (₹827.2m market cap, or US$9.94m). Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Revenue is less than US$5m (₹293m revenue, or US$3.5m). Announcement • May 23
GlobalSpace Technologies Limited to Report Q4, 2024 Results on May 28, 2024 GlobalSpace Technologies Limited announced that they will report Q4, 2024 results on May 28, 2024 Board Change • May 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director MV Subramanian was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 03
GlobalSpace Technologies Limited Announces Resignation of Amit Verma, Executive Director GlobalSpace Technologies Limited announced that Mr. Amit Verma, Executive Director of the Company has tendered his resignation vide email dated April 02, 2024, owing to some personal and professional reasons. New Risk • Mar 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹809.8m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Market cap is less than US$10m (₹809.8m market cap, or US$9.76m). Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Revenue is less than US$5m (₹293m revenue, or US$3.5m). Announcement • Mar 08
Globalspace Technologies Limited Announces Appointment of Ankita Kyal as Company Secretary and Compliance Officer GlobalSpace Technologies Limited announced appointment of Ms. Ankita Kyal as a Company Secretary and Compliance Officer (Key Managerial Personnel). Date of appointment: March 08, 2024. Brief profile: Ankita Kyal is a dedicated and sincere professional with extensive experience in compliance, corporate governance, and company law matters. She has been involved in SEBI, stock exchange, CDSL, and NSDL compliances. Ankita has demonstrated proficiency in drafting reports, managing board meetings, and handling statutory filings. Her expertise extends to corporate actions, mergers, and liaising with agencies. With a background in Company Secretaryship and a strong educational foundation, Ankita possesses computer skills and excels in Microsoft Word, Excel, and PowerPoint. Born on April 13, 1989, she is fluent in English, Hindi, and Marathi. Her strengths lie in her optimism, hardworking nature, and effective team participation. New Risk • Feb 13
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: 2.3% Last year net profit margin: 5.7% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Revenue is less than US$5m (₹293m revenue, or US$3.5m). Market cap is less than US$100m (₹1.02b market cap, or US$12.3m). Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹0.14 (vs ₹0.21 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.14 (down from ₹0.21 in 3Q 2023). Revenue: ₹79.2m (up 13% from 3Q 2023). Net income: ₹1.49m (down 39% from 3Q 2023). Profit margin: 1.9% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Feb 06
GlobalSpace Technologies Limited to Report Q3, 2024 Results on Feb 12, 2024 GlobalSpace Technologies Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Announcement • Jan 31
GlobalSpace Technologies Limited Announces Resignation of Swati Arora as Company Secretary & Compliance Officer GlobalSpace Technologies Limited announced that Swati Arora, Company Secretary & Compliance Officer has resigned from the aforementioned post with effect from closing business hours of January 31, 2024, due to her relocation to another country. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹26.53, the stock trades at a trailing P/E ratio of 72.1x. Average trailing P/E is 38x in the Software industry in India. Total loss to shareholders of 6.2% over the past three years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹19.93, the stock trades at a trailing P/E ratio of 54.2x. Average trailing P/E is 44x in the Software industry in India. Total loss to shareholders of 34% over the past three years. Announcement • Jan 05
Globalspace Technologies Limited Launches India's First Anti- Stress Wearable Goroga GlobalSpace Technologies launches India's First An - Stress Wearable 'GoRoga'. -Manufactured and patented in USA, the complete so ware has been developed in India as part of the "Make in India" ini a ve by GlobalSpace Technologies Limited. -Manufactured in the USA using FDA approved NIBS (neuroscience-researched non-invasive brain stimulation) technology, the cost of the product is 22,500 and comes with one year access to the Elite plan of the Roga App. GlobalSpace Technologies Limited, a trailblazer in digital pharma and healthcare for over a decade, forays into digital therapeutics with one-of-a-kind an -stress wearable. Manufactured and patented as RogaLife in the USA, the complete so ware has been developed in India as part of the "Make in India" initiative by GlobalSpace Technologies Limited. and made available for the first me, in India. Mental health is the cornerstone of a fulfilling life. Yet, stress, anxiety, and burnout plague millions worldwide, and India is no exception. As per WHO 2020, 56 million Indians have depression and 35 million people have anxiety disorders in India. Stigma and affordability hinder a proactive approach to manage mental wellness. 'GoRoga' promises to be the ul mate an -stress companion for those suffering from moderate to severe stress and anxiety. Crafted through cutting-edge FDA-approved NIBS (neuroscience-researched non-invasive brain stimulation) technology, this non-invasive, user-friendly, and budget-friendly wearable is a game-changer. The wearable plugs into a phone while the sticky pads hook to the ears to activate cortisol. Tailored stimulations, scientifically calibrated to balance mild to severe stress oscillate into the brain. Beta waves (13Hz - 39 Hz) of anxiety diminish, alpha waves (8Hz - 12 Hz) of calm focus and theta waves (3Hz - 8Hz) of relaxation emerge. It takes just 20 minutes per day, recommended up to a maximum of 60 minutes per day for 3 to 4 weeks, to get on the path of las ng tranquility" said Mr. Krishna Singh, Founder and MD- GlobalSpace Technologies Ltd. Backed by rigorous research, user testing, and the personal triumph of co-founder, GoRoga has a reliable stamp of safety and efficacy. Users can choose from a variety of clinically validated programs in the GoRoga App (available in the Apple or Play Store) tailored to goals, to create a personalized stress reduction plan. 1,000+ users have already experienced the power of GoRoga. It is backed by 16+ research studies, and an average 85% reduction in stress and burnout, showcasing its effectiveness. The success speaks for itself, with 90% of users recommending it to friends or family and 73% using it consistently even after six months" But that's not all--no more battery or recharging headaches! The cherry on the top is a globally unique analytics dashboard exclusively for IOS and Android App subscribers where innovation meets simplicity. It offers comprehensive tracking, progress scores, and personalized insights. GAD-7 scores and stress reduction progress reports makes informed wellness treatments a reality for doctors, psychiatrists, psychologists, counselors, and therapists. This sleek An -Stress wearable features two electrodes easily secured behind ears with stylish ear hooks available in multiple colors. Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹0.13 (vs ₹0.24 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.13 (up from ₹0.24 loss in 2Q 2023). Revenue: ₹70.7m (up 19% from 2Q 2023). Net income: ₹1.52m (up ₹4.24m from 2Q 2023). Profit margin: 2.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. New Risk • Nov 02
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 9.2% 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 Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Revenue is less than US$5m (₹267m revenue, or US$3.2m). Market cap is less than US$100m (₹1.29b market cap, or US$15.5m). Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹43.68, the stock trades at a trailing P/E ratio of 79.3x. Average trailing P/E is 33x in the Software industry in India. Total loss to shareholders of 38% over the past three years. Announcement • Oct 28
GlobalSpace Technologies Limited to Report Q2, 2024 Results on Nov 03, 2023 GlobalSpace Technologies Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Announcement • Sep 07
GlobalSpace Technologies Limited, Annual General Meeting, Sep 29, 2023 GlobalSpace Technologies Limited, Annual General Meeting, Sep 29, 2023, at 15:00 Indian Standard Time. Agenda: To consider and adopt the audited financial statements of the Company for the Financial year ended 31st March 2023 together with reports of the Board of Directors and Auditors thereon; to consider appoint Mr. Amit Verma (DIN: 07046152) who retires by rotation as an Executive Director and in this regard and being eligible, offers himself for re-appointment; to consider and approve the appointment of M/s. Bansi Lal Shah & Co., Chartered Accountants as Statutory Auditors of the company and to determine their remuneration; and to consider other matters. Announcement • Aug 05
GlobalSpace Technologies Limited to Report Q1, 2024 Results on Aug 11, 2023 GlobalSpace Technologies Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Announcement • May 31
GlobalSpace Technologies Limited Announces the Resignation of Ratna Deep Ranjan as Independent Director GlobalSpace Technologies Limited announced that Mr. Ratna Deep Ranjan has resigned from the position of Independent Director of the company vide his resignation letter dated May 30, 2023. Reason for Resignation: Due to personal reasons. Announcement • May 30
GlobalSpace Technologies Limited Approves the Appointment of Lucky Bansal as an Additional Independent Director GlobalSpace Technologies Limited considered and approved the appointment of Ms. Lucky Bansal (DIN: 09298816) as an Additional Independent Director of the Company effective May 29, 2023. Announcement • May 23
GlobalSpace Technologies Limited to Report Q4, 2023 Results on May 29, 2023 GlobalSpace Technologies Limited announced that they will report Q4, 2023 results on May 29, 2023 Announcement • May 11
Globalspace Technologies Limited Appoints Rajesh Chorasia as the Chief Financial Officer GlobalSpace Technologies Limited t its board meeting held on 10th May, 2023, approved appointment of Mr. Rajesh Chorasia as the Chief Financial Officer of the company. It is recommended by Nomination and Remuneration Committee to appoint Mr. Rajesh Chorasia as CFO of the Company as his rich knowledge and experience will help the Company in overall financial management and planning, financial risk management including advising the Board of Directors on the matter relating to finance and thereof. Mr. Rajesh Chorasia has completed MBA in Finance Management from Sikkim Manipal University. He has 19 years of extensive experience in accounts and finance involving cash management, accounts with various organizations. Announcement • Feb 10
GlobalSpace Technologies Limited to Report Q3, 2023 Results on Feb 14, 2023 GlobalSpace Technologies Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Asha Sampath 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. Announcement • Nov 06
GlobalSpace Technologies Limited to Report Q2, 2023 Results on Nov 14, 2022 GlobalSpace Technologies Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 14, 2022 Announcement • Oct 02
Globalspace Technologies Limited Appoints Asha Sampath as Independent Director GlobalSpace Technologies Limited at the annual general meeting held on September 30, 2022 approved appointment of Mrs. Asha Sampath as an independent director of the company. Announcement • Sep 27
GlobalSpace Technologies Limited Announces Retirement of M. V. Subramanian as an Independent Director GlobalSpace Technologies Limited announced that Mr. M. V. Subramanian has retired from the Board of GlobalSpace Technologies Limited, with effect from the close of business hours on September 26, 2022, upon completion of his term as an Independent Director. Announcement • Sep 08
GlobalSpace Technologies Limited, Annual General Meeting, Sep 30, 2022 GlobalSpace Technologies Limited, Annual General Meeting, Sep 30, 2022, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited financial statements, including consolidated financial statements of the Company for the Financial year ended 31st March, 2022 together with reports of the Board of Directors and Auditors thereon; to appoint Mrs. Beauty Krishnamurari Singh who retires by rotation as a Director; to appoint Mrs. Asha Sampath (DIN: 02160962) as an Independent Director of the Company; to consider and approve Increase in Authorized Share Capital of the Company and subsequent alterations in the Memorandum of Association of the Company and in this regard and to consider other matters. Reported Earnings • Aug 18
First quarter 2023 earnings released: ₹0.47 loss per share (vs ₹0.67 profit in 1Q 2022) First quarter 2023 results: ₹0.47 loss per share (down from ₹0.67 profit in 1Q 2022). Revenue: ₹22.1m (down 50% from 1Q 2022). Net loss: ₹5.35m (down 167% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Announcement • Aug 07
GlobalSpace Technologies Limited to Report Q1, 2023 Results on Aug 12, 2022 GlobalSpace Technologies Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Announcement • Jun 10
GlobalSpace Technologies Limited Approves Regularization of Girish Kasargode Mallaya as Non- Executive Independent Director GlobalSpace Technologies Limited at its Extra-Ordinary General Meeting held on June 7, 2022, regularization of Mr. Girish Kasargode Mallaya as Non- Executive Independent Director of the Company. Announcement • May 23
GlobalSpace Technologies Limited Announces Resignation of Radhika Jhawar as Non-Executive Independent Director GlobalSpace Technologies Limited announced that Ms. Radhika Jhawar, has tendered her resignation from the position of the Non-executive Independent Director of the Company with effect from May 21, 2022, due to some personalreasons and to explore more professional avenues. Announcement • May 21
GlobalSpace Technologies Limited to Report Q4, 2022 Results on May 29, 2022 GlobalSpace Technologies Limited announced that they will report Q4, 2022 results on May 29, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non Executive Independent Director Radhika Sinha was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non Executive Independent Director Radhika Sinha was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
GlobalSpace Technologies Limited Appoints Mr. Amit Verma as Additional Executive Director GlobalSpace Technologies Limited at its Board Meeting held on March 29, 2022 approved appointment of Mr. Amit Verma as Additional Executive Director of the company. Board Change • Feb 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non Executive Independent Director Radhika Sinha was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹1.57 loss per share (down from ₹1.64 profit in 3Q 2021). Revenue: ₹13.5m (down 80% from 3Q 2021). Net loss: ₹17.9m (down 196% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹72.20, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 32x in the Software industry in India. Total returns to shareholders of 11% over the past three years. Announcement • Feb 08
GlobalSpace Technologies Limited to Report Q3, 2022 Results on Feb 11, 2022 GlobalSpace Technologies Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 21% share price gain to ₹67.55, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 28x in the Software industry in India. Total returns to shareholders of 7.6% over the past three years. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS ₹5.19 (vs ₹2.81 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹271.8m (up 4.9% from FY 2020). Net income: ₹56.6m (up 76% from FY 2020). Profit margin: 21% (up from 12% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 16% share price gain to ₹72.30, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 19x in the Software industry in India. Total returns to shareholders of 19% over the past three years. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹1.64 (vs ₹1.04 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹67.5m (down 6.5% from 3Q 2020). Net income: ₹18.6m (up 57% from 3Q 2020). Profit margin: 28% (up from 16% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 03
GlobalSpace Technologies Limited to Report Q3, 2021 Results on Feb 10, 2021 GlobalSpace Technologies Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Announcement • Dec 23
GlobalSpace Technologies Limited Announces Resignation of Charu Golash, Additional Independent Director GlobalSpace Technologies Limited informed that Mrs. Charu Golash, has tendered her resignation from the position of the Additional Independent Director of the Company with effect from December 22, 2020, due to personal and unavoidable circumstances. The resignation has been duly accepted and she is relieved from her services from the closing hours of December 22, 2020. Announcement • Dec 11
Globalspace Technologies Limited Appoints Charu Golash, as an Additional Non- Executive Independent Director GlobalSpace Technologies Limited announced that the Board at meeting held on October 21, 2020, considered and approved Appointment of Mrs. Charu Golash, as an Additional Non- Executive Independent Director of the company with effect from October 21 2020. Announcement • Dec 04
GlobalSpace Technologies Limited, Annual General Meeting, Dec 29, 2020 GlobalSpace Technologies Limited, Annual General Meeting, Dec 29, 2020, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 21% share price gain to ₹64.20, the stock is trading at a trailing P/E ratio of 12.1x, up from the previous P/E ratio of 10x. This compares to an average P/E of 14x in the Software industry in India. Total return to shareholders over the past three years is a loss of 2.7%. Is New 90 Day High Low • Nov 10
New 90-day low: ₹64.60 The company is down 16% from its price of ₹76.90 on 12 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 22% over the same period. Announcement • Oct 31
GlobalSpace Technologies Limited to Report Q2, 2021 Results on Nov 07, 2020 GlobalSpace Technologies Limited announced that they will report Q2, 2021 results on Nov 07, 2020 Is New 90 Day High Low • Oct 26
New 90-day low: ₹69.05 The company is down 11% from its price of ₹77.50 on 28 July 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 39% over the same period. Reported Earnings • Sep 18
First quarter earnings released Over the last 12 months the company has reported total profits of ₹39.9m, up 115% from the prior year. Total revenue was ₹267.5m over the last 12 months, up 76% from the prior year. Announcement • Sep 06
GlobalSpace Technologies Limited to Report Q1, 2021 Results on Sep 12, 2020 GlobalSpace Technologies Limited announced that they will report Q1, 2021 results on Sep 12, 2020 Announcement • Jun 19
GlobalSpace Technologies Limited to Report Q4, 2020 Results on Jun 24, 2020 GlobalSpace Technologies Limited announced that they will report Q4, 2020 results on Jun 24, 2020