Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₹1,289, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 23x in the IT industry in India. Total returns to shareholders of 173% over the past three years. Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: ₹66.64 (vs ₹56.93 in FY 2025) Full year 2026 results: EPS: ₹66.64 (up from ₹56.93 in FY 2025). Revenue: ₹14.3b (up 13% from FY 2025). Net income: ₹847.4m (up 17% from FY 2025). Profit margin: 5.9% (up from 5.7% 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 26% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 25
Dynacons Systems & Solutions Limited to Report Q4, 2026 Results on May 30, 2026 Dynacons Systems & Solutions Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 30, 2026 Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,641, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 21x in the IT industry in India. Total returns to shareholders of 318% over the past three years. New Risk • May 19
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 9.1% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,250, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 22x in the IT industry in India. Total returns to shareholders of 233% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹918, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 21x in the IT industry in India. Total returns to shareholders of 149% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹18.46 (vs ₹28.28 in 3Q 2025) Third quarter 2026 results: EPS: ₹18.46 (down from ₹28.28 in 3Q 2025). Revenue: ₹3.42b (up 10.0% from 3Q 2025). Net income: ₹234.8m (down 35% from 3Q 2025). Profit margin: 6.9% (down from 12% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 33% per year. Announcement • Feb 09
Dynacons Systems & Solutions Limited to Report Q3, 2026 Results on Feb 14, 2026 Dynacons Systems & Solutions Limited announced that they will report Q3, 2026 results at 3:30 PM, Indian Standard Time on Feb 14, 2026 Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹993, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 174% over the past three years. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 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 Risk High level of non-cash earnings (31% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: ₹17.82 (vs ₹14.34 in 2Q 2025) Second quarter 2026 results: EPS: ₹17.82 (up from ₹14.34 in 2Q 2025). Revenue: ₹3.54b (up 16% from 2Q 2025). Net income: ₹226.7m (up 24% from 2Q 2025). Profit margin: 6.4% (up from 6.0% in 2Q 2025). 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 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 08
Dynacons Systems & Solutions Limited to Report Q2, 2026 Results on Nov 14, 2025 Dynacons Systems & Solutions Limited announced that they will report Q2, 2026 results at 3:30 PM, Indian Standard Time on Nov 14, 2025 Board Change • Oct 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. Non-Executive Independent Director Ashok Rajagiri was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹1,032, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 269% over the past three years. Announcement • Sep 04
Dynacons Systems & Solutions Limited, Annual General Meeting, Sep 30, 2025 Dynacons Systems & Solutions Limited, Annual General Meeting, Sep 30, 2025, at 15:00 Indian Standard Time. Declared Dividend • Aug 15
Dividend of ₹0.50 announced Dividend of ₹0.50 is the same as last year. Ex-date: 22nd August 2025 Payment date: 12th September 2025 Dividend yield will be 0.05%, which is lower than the industry average of 1.7%. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹15.44 (vs ₹13.85 in 1Q 2025) First quarter 2026 results: EPS: ₹15.44 (up from ₹13.85 in 1Q 2025). Revenue: ₹3.30b (up 2.7% from 1Q 2025). Net income: ₹196.2m (up 11% from 1Q 2025). Profit margin: 5.9% (up from 5.5% 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 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 09
Dynacons Systems & Solutions Limited to Report Q1, 2026 Results on Aug 13, 2025 Dynacons Systems & Solutions Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹57.01 (vs ₹42.41 in FY 2024) Full year 2025 results: EPS: ₹57.01 (up from ₹42.41 in FY 2024). Revenue: ₹12.7b (up 24% from FY 2024). Net income: ₹723.9m (up 35% from FY 2024). Profit margin: 5.7% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 16
Dynacons Systems & Solutions Limited to Report Q4, 2025 Results on May 24, 2025 Dynacons Systems & Solutions Limited announced that they will report Q4, 2025 results at 3:30 PM, Indian Standard Time on May 24, 2025 Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,176, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 276% over the past three years. Board Change • Mar 05
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 Vijay Doshi 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 • Mar 05
Dynacons Systems & Solutions Limited Announces the Resignation of Jitesh Jain as Non-Executive Independent Director, Chairperson of Audit Committee and Member of Stakeholders Relationship & Grievance Committee and Nomination and Remuneration Committee Dynacons Systems & Solutions Limited at its board meeting held on March 4, 2025, approved the resignation of Mr. Jitesh Jain as Non-Executive, Independent Director of the Company due to other ongoing engagements and personal commitments., effective March 4, 2025. Consequent to the same, Mr. Jitesh Jain also ceases to be Chairperson of Audit Committee and member of Stakeholders Relationship & Grievance committee and Nomination and Remuneration committee, effective from close of business hours on March 04, 2025. Reported Earnings • Feb 02
Third quarter 2025 earnings released: EPS: ₹14.51 (vs ₹10.36 in 3Q 2024) Third quarter 2025 results: EPS: ₹14.51 (up from ₹10.36 in 3Q 2024). Revenue: ₹3.12b (up 38% from 3Q 2024). Net income: ₹359.5m (up 173% from 3Q 2024). Profit margin: 12% (up from 5.8% 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 43% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 23
Dynacons Systems & Solutions Limited to Report Q3, 2025 Results on Jan 31, 2025 Dynacons Systems & Solutions Limited announced that they will report Q3, 2025 results at 3:30 PM, Indian Standard Time on Jan 31, 2025 Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,597, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 35x in the IT industry in India. Total returns to shareholders of 903% over the past three years. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹14.34 (vs ₹9.91 in 2Q 2024) Second quarter 2025 results: EPS: ₹14.34 (up from ₹9.91 in 2Q 2024). Revenue: ₹3.09b (up 40% from 2Q 2024). Net income: ₹182.4m (up 45% from 2Q 2024). Profit margin: 5.9% (up from 5.7% 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 46% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 01
Dynacons Systems & Solutions Limited to Report Q2, 2025 Results on Nov 08, 2024 Dynacons Systems & Solutions Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Announcement • Sep 02
Dynacons Systems & Solutions Limited, Annual General Meeting, Sep 30, 2024 Dynacons Systems & Solutions Limited, Annual General Meeting, Sep 30, 2024, at 15:00 Indian Standard Time. Declared Dividend • Aug 14
Dividend of ₹0.50 announced Dividend of ₹0.50 is the same as last year. Ex-date: 23rd August 2024 Payment date: 11th September 2024 Dividend yield will be 0.04%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 1%. Cash payout ratio: 2%. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹13.85 (vs ₹11.03 in 1Q 2024) First quarter 2025 results: EPS: ₹13.85 (up from ₹11.03 in 1Q 2024). Revenue: ₹3.22b (up 9.1% from 1Q 2024). Net income: ₹176.1m (up 26% from 1Q 2024). Profit margin: 5.5% (up from 4.7% 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 48% per year but the company’s share price has increased by 127% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
Dynacons Systems & Solutions Limited to Report Q1, 2025 Results on Aug 12, 2024 Dynacons Systems & Solutions Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,325, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 37x in the IT industry in India. Total returns to shareholders of 808% over the past three years. Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: ₹42.34 (vs ₹27.78 in FY 2023) Full year 2024 results: EPS: ₹42.34 (up from ₹27.78 in FY 2023). Revenue: ₹10.2b (up 27% from FY 2023). Net income: ₹538.3m (up 61% from FY 2023). Profit margin: 5.3% (up from 4.2% 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 50% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 23
Dynacons Systems & Solutions Limited to Report Q4, 2024 Results on May 30, 2024 Dynacons Systems & Solutions Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹1,249, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 38x in the IT industry in India. Total returns to shareholders of 1,635% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹937, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 1,159% over the past three years. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹10.36 (vs ₹5.93 in 3Q 2023) Third quarter 2024 results: EPS: ₹10.36 (up from ₹5.93 in 3Q 2023). Revenue: ₹2.28b (up 33% from 3Q 2023). Net income: ₹131.5m (up 75% from 3Q 2023). Profit margin: 5.8% (up from 4.4% in 3Q 2023). 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 but the company’s share price has increased by 127% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
Dynacons Systems & Solutions Limited to Report Q3, 2024 Results on Feb 08, 2024 Dynacons Systems & Solutions Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹9.91 (vs ₹9.89 in 2Q 2023) Second quarter 2024 results: EPS: ₹9.91 (up from ₹9.89 in 2Q 2023). Revenue: ₹2.20b (down 11% from 2Q 2023). Net income: ₹125.7m (up 38% from 2Q 2023). Profit margin: 5.7% (up from 3.7% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 159% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 01
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 7.5% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹800, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 40x in the IT industry in India. Total returns to shareholders of 1,985% over the past three years. Announcement • Oct 24
Dynacons Systems & Solutions Limited to Report Q2, 2024 Results on Oct 31, 2023 Dynacons Systems & Solutions Limited announced that they will report Q2, 2024 results on Oct 31, 2023 New Risk • Oct 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.31b (US$99.9m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Announcement • Sep 05
Dynacons Systems & Solutions Limited, Annual General Meeting, Sep 30, 2023 Dynacons Systems & Solutions Limited, Annual General Meeting, Sep 30, 2023, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹670, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 36x in the IT industry in India. Total returns to shareholders of 2,173% over the past three years. New Risk • Aug 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (₹7.00b market cap, or US$84.1m). Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹11.03 (vs ₹4.01 in 1Q 2023) First quarter 2024 results: EPS: ₹11.03 (up from ₹4.01 in 1Q 2023). Revenue: ₹2.96b (up 86% from 1Q 2023). Net income: ₹140.1m (up 209% from 1Q 2023). Profit margin: 4.7% (up from 2.8% 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 54% per year but the company’s share price has increased by 182% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 15
Dynacons Systems & Solutions Limited Approves Interim Dividend, Payable on September 01, 2023 Dynacons Systems and Solutions Limited announced that at its board meeting held on August 14, 2023, Interim Dividend of INR 0.50 per Equity Share of INR 10 each of the Company. (5% of the face value). The Interim Dividend shall be paid on and from September 01, 2023 to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Wednesday, August 23, 2023 which is the Record Date fixed for the purpose. Announcement • Aug 06
Dynacons Systems & Solutions Limited to Report Q1, 2024 Results on Aug 14, 2023 Dynacons Systems & Solutions Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹593, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 32x in the IT industry in India. Total returns to shareholders of 2,549% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹472, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 2,384% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹472, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 2,384% over the past three years. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹27.78 (vs ₹15.36 in FY 2022) Full year 2023 results: EPS: ₹27.78 (up from ₹15.36 in FY 2022). Revenue: ₹8.07b (up 23% from FY 2022). Net income: ₹334.5m (up 104% from FY 2022). Profit margin: 4.1% (up from 2.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 193% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
Dynacons Systems & Solutions Limited to Report Q4, 2023 Results on May 26, 2023 Dynacons Systems & Solutions Limited announced that they will report Q4, 2023 results on May 26, 2023 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹345, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 24x in the IT industry in India. Total returns to shareholders of 1,861% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹5.93 (vs ₹3.06 in 3Q 2022) Third quarter 2023 results: EPS: ₹5.93 (up from ₹3.06 in 3Q 2022). Revenue: ₹1.72b (up 8.1% from 3Q 2022). Net income: ₹75.3m (up 119% from 3Q 2022). Profit margin: 4.4% (up from 2.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 161% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 27
Dynacons Systems & Solutions Limited to Report Q3, 2023 Results on Feb 14, 2023 Dynacons Systems & Solutions Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 19% share price gain to ₹432, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 1,182% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹311, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 1,231% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₹376, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 1,592% over the past three years. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Additional Independent Director Vijay Doshi 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 • Nov 12
Investor sentiment improved over the past week After last week's 22% share price gain to ₹338, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 24x in the IT industry in India. Total returns to shareholders of 1,214% over the past three years. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: ₹9.89 (vs ₹3.28 in 2Q 2022) Second quarter 2023 results: EPS: ₹9.89 (up from ₹3.28 in 2Q 2022). Revenue: ₹2.46b (up 77% from 2Q 2022). Net income: ₹90.9m (up 173% from 2Q 2022). Profit margin: 3.7% (up from 2.4% in 2Q 2022). 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 148% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 16% share price gain to ₹301, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 24x in the IT industry in India. Total returns to shareholders of 1,090% over the past three years. Upcoming Dividend • Aug 15
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 22 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 3.1% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (1.8%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹4.01 (vs ₹3.20 in 1Q 2022) First quarter 2023 results: EPS: ₹4.01 (up from ₹3.20 in 1Q 2022). Revenue: ₹1.60b (up 9.6% from 1Q 2022). Net income: ₹45.3m (up 40% from 1Q 2022). Profit margin: 2.8% (up from 2.2% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₹322, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 998% over the past three years.