Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹30.35, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 27x in the Software industry in India. Total loss to shareholders of 64% over the past year. Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹3.30 (vs ₹3.36 in FY 2025) Full year 2026 results: EPS: ₹3.30 (down from ₹3.36 in FY 2025). Revenue: ₹474.6m (up 52% from FY 2025). Net income: ₹78.7m (down 1.6% from FY 2025). Profit margin: 17% (down from 26% in FY 2025). The decrease in margin was driven by higher expenses. Announcement • May 20
Trust Fintech Limited to Report Second Half, 2026 Results on May 26, 2026 Trust Fintech Limited announced that they will report second half, 2026 results on May 26, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹36.85, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 25x in the Software industry in India. Total loss to shareholders of 54% over the past year. New Risk • Feb 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹898.2m (US$9.88m) 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 High level of non-cash earnings (102% accrual ratio). Market cap is less than US$10m (₹898.2m market cap, or US$9.88m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (₹357m revenue, or US$3.9m). New Risk • Feb 14
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 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (102% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (₹357m revenue, or US$3.9m). Market cap is less than US$100m (₹919.7m market cap, or US$10.2m). Announcement • Nov 14
Trust Fintech Limited to Report First Half, 2026 Results on Nov 14, 2025 Trust Fintech Limited announced that they will report first half, 2026 results on Nov 14, 2025 Board Change • Nov 10
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Non-Executive Independent Director Kapil Chandrayan was the last independent director to join the board, commencing their role in 2024. 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 13
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to ₹71.10, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 39x in the Software industry in India. Total loss to shareholders of 66% over the past year. New Risk • Sep 30
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 6.7% 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 (135% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Revenue is less than US$5m (₹313m revenue, or US$3.5m). Market cap is less than US$100m (₹1.17b market cap, or US$13.1m). Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹47.45, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 37x in the Software industry in India. Total loss to shareholders of 78% over the past year. Announcement • Aug 25
Trust Fintech Limited, Annual General Meeting, Sep 23, 2025 Trust Fintech Limited, Annual General Meeting, Sep 23, 2025, at 13:00 Indian Standard Time. New Risk • Aug 13
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 6.8% 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 (135% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Revenue is less than US$5m (₹313m revenue, or US$3.6m). Market cap is less than US$100m (₹1.47b market cap, or US$16.8m). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹69.95, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 37x in the Software industry in India. Total loss to shareholders of 66% over the past year. New Risk • Jul 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (135% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₹313m revenue, or US$3.7m). Market cap is less than US$100m (₹1.43b market cap, or US$16.7m). New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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 Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (₹329m revenue, or US$3.9m). Market cap is less than US$100m (₹2.11b market cap, or US$24.7m). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹89.65, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 31x in the Software industry in India. Total loss to shareholders of 67% over the past year. Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Non-Executive Independent Director Kapil Chandrayan was the last independent director to join the board, commencing their role in 2024. 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 • Apr 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹88.70, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 30x in the Software industry in India. Total loss to shareholders of 44% over the past year. Board Change • Mar 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Non-Executive Independent Director Kapil Chandrayan was the last independent director to join the board, commencing their role in 2024. 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 • Jan 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹112, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 37x in the Software industry in India. Buy Or Sell Opportunity • Jan 13
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to ₹129. The fair value is estimated to be ₹172, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last year. Earnings per share has declined by 9.2%. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹167, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 33x in the Software industry in India. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹209, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 36x in the Software industry in India. Announcement • Aug 30
Trust Fintech Limited, Annual General Meeting, Sep 25, 2024 Trust Fintech Limited, Annual General Meeting, Sep 25, 2024, at 13:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹210, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 39x in the Software industry in India. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹223, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 41x in the Software industry in India. Board Change • Apr 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Non-Executive Independent Director Kapil Chandrayan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.