New Risk • 3h
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 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 7.8% per year over the past 5 years. Market cap is less than US$10m (₹714.6m market cap, or US$7.49m). New Risk • Jun 01
New major risk - Revenue and earnings growth Earnings have declined by 7.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.8% per year over the past 5 years. Market cap is less than US$10m (₹758.1m market cap, or US$7.98m). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). New Risk • Mar 23
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 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹678.2m market cap, or US$7.25m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Reported Earnings • Feb 17
Third quarter 2026 earnings released: ₹2.48 loss per share (vs ₹1.05 profit in 3Q 2025) Third quarter 2026 results: ₹2.48 loss per share (down from ₹1.05 profit in 3Q 2025). Revenue: ₹149.0m (up 157% from 3Q 2025). Net loss: ₹31.2m (down 335% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹0.39 (vs ₹0.63 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.39 (down from ₹0.63 in 2Q 2025). Revenue: ₹197.7m (up 254% from 2Q 2025). Net income: ₹4.96m (down 38% from 2Q 2025). Profit margin: 2.5% (down from 14% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. New Risk • Nov 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹880.0m (US$9.93m) 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 Risk Market cap is less than US$10m (₹880.0m market cap, or US$9.93m). Minor Risk Revenue is less than US$5m (₹305m revenue, or US$3.4m). 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 ₹67.37, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 12% over the past three years. Announcement • Aug 20
Handson Global Management (HGM) Limited (NSEI : HOVS) entered into a definitive agreement to acquire Aideo Technologies, LLC for INR 140 million. Handson Global Management (HGM) Limited (NSEI : HOVS) entered into a definitive agreement to acquire Aideo Technologies, LLC for INR 140 million on August 20, 2025. The consideration consists of Healthcare Capital Holdings Class B Preferred Stock for total consideration not exceeding of INR 140.8 million to be issued for common equity of Aideo Technologies, LLC.
For the period ending December 31, 2024, Aideo Technologies, LLC reported total revenue of INR 189.6 million.
The transaction is subject to approval of offer by acquirer board and statutory approvals. The deal has been approved by the board. The acquisition is expected to close in August. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹1.37 (vs ₹0.62 in 1Q 2025) First quarter 2026 results: EPS: ₹1.37 (up from ₹0.62 in 1Q 2025). Revenue: ₹141.3m (up 153% from 1Q 2025). Net income: ₹17.3m (up 122% from 1Q 2025). Profit margin: 12% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Announcement • Aug 09
HOV Services Limited to Report Q1, 2026 Results on Aug 14, 2025 HOV Services Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Board Change • Jul 18
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 Ajay Puri 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. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹59.75, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 31x in the IT industry in India. Total returns to shareholders of 29% over the past three years. Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹3.36 (vs ₹2.10 in FY 2024) Full year 2025 results: EPS: ₹3.36 (up from ₹2.10 in FY 2024). Revenue: ₹247.5m (up 54% from FY 2024). Net income: ₹42.2m (up 60% from FY 2024). Profit margin: 17% (in line with FY 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • May 30
HOV Services Limited, Annual General Meeting, Sep 12, 2025 HOV Services Limited, Annual General Meeting, Sep 12, 2025. Announcement • May 22
HOV Services Limited to Report Q4, 2025 Results on May 30, 2025 HOV Services Limited announced that they will report Q4, 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹54.52, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 28x in the IT industry in India. Total loss to shareholders of 11% over the past three years. New Risk • May 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 8.6% 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 Market cap is less than US$10m (₹636.0m market cap, or US$7.51m). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Revenue is less than US$5m (₹212m revenue, or US$2.5m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹44.87, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 26x in the IT industry in India. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹51.81, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 29x in the IT industry in India. Total returns to shareholders of 9.4% over the past three years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹1.05 (vs ₹0.50 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.05 (up from ₹0.50 in 3Q 2024). Revenue: ₹58.0m (up 45% from 3Q 2024). Net income: ₹13.3m (up 109% from 3Q 2024). Profit margin: 23% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Feb 03
HOV Services Limited to Report Q3, 2025 Results on Feb 10, 2025 HOV Services Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Feb 10, 2025 New Risk • Jan 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹857.1m (US$9.89m) 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 Risk Market cap is less than US$10m (₹857.1m market cap, or US$9.89m). Minor Risk Revenue is less than US$5m (₹194m revenue, or US$2.2m). Buy Or Sell Opportunity • Jan 02
Now 20% undervalued Over the last 90 days, the stock has risen 4.7% to ₹81.22. The fair value is estimated to be ₹102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 5.9%. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹85.50, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 35x in the IT industry in India. Total returns to shareholders of 32% over the past three years. New Risk • Nov 22
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: 16% Last year net profit margin: 26% 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 Risk Market cap is less than US$10m (₹803.7m market cap, or US$9.51m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Revenue is less than US$5m (₹181m revenue, or US$2.1m). New Risk • Nov 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹823.1m (US$9.75m) 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 Risk Market cap is less than US$10m (₹823.1m market cap, or US$9.75m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (₹195m revenue, or US$2.3m). Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹0.63 (vs ₹0.57 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.63 (up from ₹0.57 in 2Q 2024). Revenue: ₹60.6m (up 28% from 2Q 2024). Net income: ₹7.97m (up 12% from 2Q 2024). Profit margin: 13% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Nov 06
HOV Services Limited to Report Q2, 2025 Results on Nov 14, 2024 HOV Services Limited announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Sep 04
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 8.3% 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 Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Revenue is less than US$5m (₹182m revenue, or US$2.2m). Market cap is less than US$100m (₹1.24b market cap, or US$14.8m). Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹98.64, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 40x in the IT industry in India. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹83.61, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 39x in the IT industry in India. Total returns to shareholders of 32% over the past three years. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: ₹0.62 (vs ₹0.39 in 1Q 2024) First quarter 2025 results: EPS: ₹0.62 (up from ₹0.39 in 1Q 2024). Revenue: ₹60.1m (up 68% from 1Q 2024). Net income: ₹7.78m (up 59% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Announcement • Aug 01
HOV Services Limited to Report Q1, 2025 Results on Aug 10, 2024 HOV Services Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Aug 10, 2024 Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹2.10 (vs ₹3.56 in FY 2023) Full year 2024 results: EPS: ₹2.10 (down from ₹3.56 in FY 2023). Revenue: ₹178.5m (up 48% from FY 2023). Net income: ₹26.5m (down 41% from FY 2023). Profit margin: 15% (down from 37% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Announcement • May 22
HOV Services Limited to Report Q4, 2024 Results on May 28, 2024 HOV Services Limited announced that they will report Q4, 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹71.10, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 35x in the IT industry in India. Total returns to shareholders of 33% over the past three years. New Risk • Feb 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹806.1m (US$9.71m) 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (₹806.1m market cap, or US$9.71m). Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Revenue is less than US$5m (₹150m revenue, or US$1.8m). Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹64.00, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 41x in the IT industry in India. Total returns to shareholders of 60% over the past three years. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: ₹0.50 (vs ₹0.38 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.50 (up from ₹0.38 in 3Q 2023). Revenue: ₹44.1m (up 46% from 3Q 2023). Net income: ₹6.35m (up 35% from 3Q 2023). Profit margin: 14% (down from 16% 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 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 25
HOV Services Limited to Report Q3, 2024 Results on Feb 03, 2024 HOV Services Limited announced that they will report Q3, 2024 results at 12:08 PM, Indian Standard Time on Feb 03, 2024 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹78.75, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 42x in the IT industry in India. Total returns to shareholders of 113% over the past three years. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹0.57 (vs ₹1.26 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.57 (down from ₹1.26 in 2Q 2023). Revenue: ₹47.6m (up 60% from 2Q 2023). Net income: ₹7.14m (down 55% from 2Q 2023). Profit margin: 15% (down from 53% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year. Announcement • Nov 01
HOV Services Limited to Report First Half, 2024 Results on Nov 08, 2023 HOV Services Limited announced that they will report first half, 2024 results on Nov 08, 2023 Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹0.39 (vs ₹1.37 in 1Q 2023) First quarter 2024 results: EPS: ₹0.39 (down from ₹1.37 in 1Q 2023). Revenue: ₹39.5m (up 35% from 1Q 2023). Net income: ₹4.90m (down 72% from 1Q 2023). Profit margin: 12% (down from 59% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
HOV Services Limited to Report Q1, 2024 Results on Aug 14, 2023 HOV Services Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jul 08
Full year 2023 earnings released: EPS: ₹3.56 (vs ₹1.70 in FY 2022) Full year 2023 results: EPS: ₹3.56 (up from ₹1.70 in FY 2022). Revenue: ₹120.6m (up 20% from FY 2022). Net income: ₹44.8m (up 109% from FY 2022). Profit margin: 37% (up from 21% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹62.10, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 40% over the past three years. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹3.56 (vs ₹1.70 in FY 2022) Full year 2023 results: EPS: ₹3.56 (up from ₹1.70 in FY 2022). Revenue: ₹158.7m (up 58% from FY 2022). Net income: ₹44.8m (up 109% from FY 2022). Profit margin: 28% (up from 21% 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 42% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 28
HOV Services Limited, Annual General Meeting, Jul 28, 2023 HOV Services Limited, Annual General Meeting, Jul 28, 2023. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹41.60, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 8.1% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹29.40, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 24x in the IT industry in India. Total returns to shareholders of 26% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.38 (vs ₹0.41 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.38 (down from ₹0.41 in 3Q 2022). Revenue: ₹34.5m (up 38% from 3Q 2022). Net income: ₹4.71m (down 8.4% from 3Q 2022). Profit margin: 14% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹1.26 (vs ₹0.36 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.26 (up from ₹0.36 in 2Q 2022). Revenue: ₹43.7m (up 78% from 2Q 2022). Net income: ₹15.8m (up 250% from 2Q 2022). Profit margin: 36% (up from 18% 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 51% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹1.26 (vs ₹0.36 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.26 (up from ₹0.36 in 2Q 2022). Revenue: ₹43.7m (up 78% from 2Q 2022). Net income: ₹15.8m (up 250% from 2Q 2022). Profit margin: 36% (up from 18% 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 51% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: ₹1.37 (vs ₹0.41 in 1Q 2022) First quarter 2023 results: EPS: ₹1.37 (up from ₹0.41 in 1Q 2022). Revenue: ₹44.7m (up 82% from 1Q 2022). Net income: ₹17.2m (up 229% from 1Q 2022). Profit margin: 39% (up from 21% 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 52% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₹56.60, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 26x in the IT industry in India. Total loss to shareholders of 24% over the past three years. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹1.70 (vs ₹1.90 in FY 2021) Full year 2022 results: EPS: ₹1.70 (down from ₹1.90 in FY 2021). Revenue: ₹114.0m (up 18% from FY 2021). Net income: ₹21.4m (down 11% from FY 2021). Profit margin: 19% (down from 25% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹49.75, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 26x in the IT industry in India. Total loss to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹59.55, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 30x in the IT industry in India. Total loss to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 21% share price gain to ₹52.90, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 33x in the IT industry in India. Total loss to shareholders of 62% over the past three years. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.41 (up from ₹0.17 in 3Q 2021). Revenue: ₹27.9m (up 9.8% from 3Q 2021). Net income: ₹5.14m (up 143% from 3Q 2021). Profit margin: 18% (up from 8.3% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 26% share price gain to ₹58.60, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 30x in the IT industry in India. Total loss to shareholders of 65% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹0.36 (vs ₹0.018 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹27.4m (up 17% from 2Q 2021). Net income: ₹4.52m (up ₹4.31m from 2Q 2021). Profit margin: 17% (up from 0.9% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹56.65, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 30x in the IT industry in India. Total loss to shareholders of 76% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹59.00, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 30x in the IT industry in India. Total loss to shareholders of 71% over the past three years. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS ₹0.41 (vs ₹0.18 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹27.8m (up 12% from 1Q 2021). Net income: ₹5.24m (up 130% from 1Q 2021). Profit margin: 19% (up from 9.2% in 1Q 2021). Executive Departure • Aug 03
Non-Executive Independent Director Baldev Gupta has left the company On the 25th of July, Baldev Gupta's tenure as Non-Executive Independent Director ended after 15.6 years in the role. We don't have any record of a personal shareholding under Baldev's name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 21% share price gain to ₹64.70, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 32x in the IT industry in India. Total loss to shareholders of 67% over the past three years. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS ₹1.90 (vs ₹1.15 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹112.0m (up 2.1% from FY 2020). Net income: ₹23.9m (up 65% from FY 2020). Profit margin: 21% (up from 13% 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 12% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 23% share price gain to ₹56.00, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 24x in the IT industry in India. Total loss to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹44.70, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 25x in the IT industry in India. Total loss to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improved over the past week After last week's 24% share price gain to ₹65.00, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 22x in the IT industry in India. Total loss to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 17% share price gain to ₹47.00, the stock is trading at a trailing P/E ratio of 33.8x, up from the previous P/E ratio of 28.9x. This compares to an average P/E of 23x in the IT industry in India. Total return to shareholders over the past three years is a loss of 83%. Reported Earnings • Feb 13
Third quarter 2021 earnings released The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹28.0m (down 1.3% from 3Q 2020). Net income: ₹2.11m (up ₹4.01m from 3Q 2020). Profit margin: 7.6% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Is New 90 Day High Low • Jan 05
New 90-day high: ₹43.95 The company is up 30% from its price of ₹33.75 on 07 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 18% share price gain to ₹43.55, the stock is trading at a trailing P/E ratio of 44.9x, up from the previous P/E ratio of 38.2x. This compares to an average P/E of 23x in the IT industry in India. Total return to shareholders over the past three years is a loss of 87%. Is New 90 Day High Low • Dec 09
New 90-day high: ₹43.70 The company is up 9.0% from its price of ₹40.25 on 10 September 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 22% over the same period.