Reported Earnings • Jun 25
Full year 2026 earnings released: EPS: ₹3.54 (vs ₹3.15 in FY 2025) Full year 2026 results: EPS: ₹3.54 (up from ₹3.15 in FY 2025). Revenue: ₹2.85b (up 15% from FY 2025). Net income: ₹278.7m (up 12% from FY 2025). Profit margin: 9.8% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 11
Tara Chand Infralogistic Solutions Limited, Annual General Meeting, Jul 16, 2026 Tara Chand Infralogistic Solutions Limited, Annual General Meeting, Jul 16, 2026, at 11:30 Indian Standard Time. Reported Earnings • May 09
Full year 2026 earnings released: EPS: ₹3.51 (vs ₹3.15 in FY 2025) Full year 2026 results: EPS: ₹3.51 (up from ₹3.15 in FY 2025). Revenue: ₹2.88b (up 16% from FY 2025). Net income: ₹277.0m (up 12% from FY 2025). Profit margin: 9.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 31% 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 • Apr 22
Tara Chand Infralogistic Solutions Limited to Report Q4, 2026 Results on Apr 30, 2026 Tara Chand Infralogistic Solutions Limited announced that they will report Q4, 2026 results on Apr 30, 2026 Board Change • Apr 01
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. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Anju Mohanty was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: ₹0.66 (vs ₹0.66 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.66 (in line with 3Q 2025). Revenue: ₹685.6m (up 6.5% from 3Q 2025). Net income: ₹52.2m (flat on 3Q 2025). Profit margin: 7.6% (down from 8.1% 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 34% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹61.47, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 25x in the Trade Distributors industry in India. Total returns to shareholders of 305% over the past three years. Announcement • Jan 22
Tara Chand Infralogistic Solutions Limited to Report Q3, 2026 Results on Jan 29, 2026 Tara Chand Infralogistic Solutions Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: ₹0.95 (vs ₹0.93 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.95 (up from ₹0.93 in 2Q 2025). Revenue: ₹671.2m (up 20% from 2Q 2025). Net income: ₹74.8m (up 3.6% from 2Q 2025). Profit margin: 11% (down from 13% 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 41% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 27
Tara Chand Infralogistic Solutions Limited to Report Q2, 2026 Results on Oct 30, 2025 Tara Chand Infralogistic Solutions Limited announced that they will report Q2, 2026 results on Oct 30, 2025 New Risk • Oct 06
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 5.8% 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: Minor Risks High level of debt (76% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (₹5.56b market cap, or US$62.6m). Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹83.85, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 28x in the Trade Distributors industry in India. Total returns to shareholders of 707% over the past three years. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: ₹0.82 (vs ₹0.59 in 1Q 2025) First quarter 2026 results: EPS: ₹0.82 (up from ₹0.59 in 1Q 2025). Revenue: ₹617.1m (up 35% from 1Q 2025). Net income: ₹64.5m (up 42% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). 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 107% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 01
Tara Chand Logistic Solutions Limited, Annual General Meeting, Sep 11, 2025 Tara Chand Logistic Solutions Limited, Annual General Meeting, Sep 11, 2025, at 11:30 Indian Standard Time. Announcement • Jul 21
Tara Chand Logistic Solutions Limited to Report Q1, 2026 Results on Jul 31, 2025 Tara Chand Logistic Solutions Limited announced that they will report Q1, 2026 results on Jul 31, 2025 Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹66.15, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 25x in the Trade Distributors industry in India. Total returns to shareholders of 599% over the past three years. Announcement • May 02
Tara Chand Logistic Solutions Limited to Report Q4, 2025 Results on May 15, 2025 Tara Chand Logistic Solutions Limited announced that they will report Q4, 2025 results on May 15, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹67.94, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total returns to shareholders of 595% over the past three years. Recent Insider Transactions • Feb 28
Chairman & MD recently bought ₹5.4m worth of stock On the 21st of February, Vinay Aggarwal bought around 95k shares on-market at roughly ₹56.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹8.7m. Vinay has been a buyer over the last 12 months, purchasing a net total of ₹6.4m worth in shares. Recent Insider Transactions • Feb 19
Chief Engineering recently bought ₹1.9m worth of stock On the 12th of February, Arnav Aggarwal bought around 37k shares on-market at roughly ₹52.21 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹8.0m. Insiders have collectively bought ₹21m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 04
CFO & Whole-time Director recently bought ₹2.2m worth of stock On the 30th of January, Himanshu Aggarwal bought around 45k shares on-market at roughly ₹48.07 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Himanshu's only on-market trade for the last 12 months. Upcoming Dividend • Jan 31
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 07 February 2025. Payment date: 21 February 2025. Payout ratio is a comfortable 7.0% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.2%). Reported Earnings • Jan 24
Third quarter 2025 earnings released: EPS: ₹0.66 (vs ₹0.48 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.66 (up from ₹0.48 in 3Q 2024). Revenue: ₹643.6m (up 45% from 3Q 2024). Net income: ₹52.4m (up 56% from 3Q 2024). Profit margin: 8.1% (up from 7.6% 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 61% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 23
Tara Chand Logistic Solutions Limited to Report Q3, 2025 Results on Jan 23, 2025 Tara Chand Logistic Solutions Limited announced that they will report Q3, 2025 results on Jan 23, 2025 Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹4.64 (vs ₹1.91 in 2Q 2024) Second quarter 2025 results: EPS: ₹4.64 (up from ₹1.91 in 2Q 2024). Revenue: ₹604.1m (up 43% from 2Q 2024). Net income: ₹72.2m (up 169% from 2Q 2024). Profit margin: 12% (up from 6.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 119% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹433, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 36x in the Trade Distributors industry in India. Total returns to shareholders of 945% over the past three years. New Risk • Oct 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (90% net debt to equity). Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (₹5.60b market cap, or US$66.7m). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹491, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 36x in the Trade Distributors industry in India. Total returns to shareholders of 1,207% over the past three years. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: ₹2.97 (vs ₹2.71 in 1Q 2024) First quarter 2025 results: EPS: ₹2.97 (up from ₹2.71 in 1Q 2024). Revenue: ₹472.9m (up 21% from 1Q 2024). Net income: ₹45.4m (up 19% from 1Q 2024). Profit margin: 9.6% (in line with 1Q 2024). 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 120% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹494, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 36x in the Trade Distributors industry in India. Total returns to shareholders of 1,160% over the past three years. Announcement • Jul 04
Tara Chand Logistic Solutions Limited, Annual General Meeting, Jul 25, 2024 Tara Chand Logistic Solutions Limited, Annual General Meeting, Jul 25, 2024, at 11:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹477, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 36x in the Trade Distributors industry in India. Total returns to shareholders of 1,156% over the past three years. Reported Earnings • May 04
Full year 2024 earnings released: EPS: ₹11.29 (vs ₹6.88 in FY 2023) Full year 2024 results: EPS: ₹11.29 (up from ₹6.88 in FY 2023). Revenue: ₹1.75b (up 24% from FY 2023). Net income: ₹161.3m (up 72% from FY 2023). Profit margin: 9.2% (up from 6.6% 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 57% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹336, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 33x in the Trade Distributors industry in India. Total returns to shareholders of 798% over the past three years. New Risk • Apr 09
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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹3.56b market cap, or US$42.8m). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹231, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 32x in the Trade Distributors industry in India. Total returns to shareholders of 583% over the past three years. Recent Insider Transactions • Mar 29
General Manager of Operation recently sold ₹1.6m worth of stock On the 20th of March, Krishan Chander sold around 9k shares on-market at roughly ₹178 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Krishan's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Mar 18
Now 22% overvalued Over the last 90 days, the stock has fallen 8.0% to ₹167. The fair value is estimated to be ₹137, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 54%. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹143, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 30x in the Trade Distributors industry in India. Total returns to shareholders of 297% over the past three years. Buy Or Sell Opportunity • Feb 22
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to ₹170. The fair value is estimated to be ₹140, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 54%. Buy Or Sell Opportunity • Feb 13
Now 24% overvalued Over the last 90 days, the stock has fallen 5.2% to ₹173. The fair value is estimated to be ₹140, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 54%. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: ₹2.38 (vs ₹2.22 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.38 (up from ₹2.22 in 3Q 2023). Revenue: ₹448.4m (up 22% from 3Q 2023). Net income: ₹33.5m (up 11% from 3Q 2023). Profit margin: 7.5% (down from 8.2% in 3Q 2023). 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 83% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 06
Second quarter 2024 earnings released: EPS: ₹1.91 (vs ₹1.18 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.91 (up from ₹1.18 in 2Q 2023). Revenue: ₹429.4m (up 31% from 2Q 2023). Net income: ₹26.9m (up 68% from 2Q 2023). Profit margin: 6.3% (up from 4.9% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹160, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 23x in the Trade Distributors industry in India. Total returns to shareholders of 435% over the past three years. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹130, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 24x in the Trade Distributors industry in India. Total returns to shareholders of 311% over the past three years. Announcement • Sep 10
Tara Chand Logistic Solutions Limited, Annual General Meeting, Sep 30, 2023 Tara Chand Logistic Solutions Limited, Annual General Meeting, Sep 30, 2023, at 11:30 Indian Standard Time. Agenda: To consider and adopt the audited financial statement of the Company for the financial year ended 31st March, 2023 together with the Reports of the Board of Directors and the Auditors thereon; to appoint Director in place of Mr. Ajay Kumar who retires by rotation and, being eligible, offers himself for re-appointment; to consider the Change in the designation of Mr. Himanshu Aggarwal from Executive Director to Whole Time Director of the company along with their remuneration for the period of three years. New Risk • Aug 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 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 Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹1.42b market cap, or US$17.1m). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹104, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 22x in the Trade Distributors industry in India. Total returns to shareholders of 182% over the past three years. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹2.71 (vs ₹1.54 in 1Q 2023) First quarter 2024 results: EPS: ₹2.71 (up from ₹1.54 in 1Q 2023). Revenue: ₹401.7m (up 23% from 1Q 2023). Net income: ₹38.0m (up 81% from 1Q 2023). Profit margin: 9.5% (up from 6.4% 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 48% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: ₹6.86 (vs ₹1.74 in FY 2022) Full year 2023 results: EPS: ₹6.86 (up from ₹1.74 in FY 2022). Revenue: ₹1.45b (up 13% from FY 2022). Net income: ₹93.6m (up 294% from FY 2022). Profit margin: 6.5% (up from 1.9% 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 21% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹96.35, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 22x in the Trade Distributors industry in India. Total returns to shareholders of 178% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹94.15, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 28x in the Trade Distributors industry in India. Total returns to shareholders of 154% over the past three years. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹2.22 (vs ₹0.24 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹2.22 (up from ₹0.24 loss in 3Q 2022). Revenue: ₹368.7m (up 14% from 3Q 2022). Net income: ₹30.3m (up ₹33.7m from 3Q 2022). Profit margin: 8.2% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 20% share price gain to ₹76.90, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹58.55, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 23x in the Transportation industry in India. Total returns to shareholders of 98% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Sant Joshi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 15% share price gain to ₹68.25, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 25x in the Transportation industry in India. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹55.50, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 26x in the Transportation industry in India. Total returns to shareholders of 67% over the past three years. Announcement • Sep 08
Tara Chand Logistic Solutions Limited, Annual General Meeting, Sep 29, 2022 Tara Chand Logistic Solutions Limited, Annual General Meeting, Sep 29, 2022, at 11:00 Indian Standard Time. Agenda: To consider and adopt the audited financial statement of the Company for the financial year ended 31 March, 2022 together with the Reports of the Board of Directors and the Auditors thereon; to discuss Re-Appointment of statutory auditors and fix remuneration; and to discuss APPOINTMENT OF MR. DIVAKAR HEBBAR KAPOLI AS INDEPENDENT DIRECTOR OF THE COMPANY. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 24% share price gain to ₹50.90, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 25x in the Transportation industry in India. Total returns to shareholders of 53% over the past three years. Reported Earnings • May 15
Full year 2022 earnings released: EPS: ₹1.74 (vs ₹1.88 in FY 2021) Full year 2022 results: EPS: ₹1.74 (down from ₹1.88 in FY 2021). Revenue: ₹1.30b (up 17% from FY 2021). Net income: ₹23.7m (down 7.5% from FY 2021). Profit margin: 1.8% (down from 2.3% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Sant Joshi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.24 loss per share (down from ₹1.96 profit in 3Q 2021). Revenue: ₹323.8m (up 8.2% from 3Q 2021). Net loss: ₹3.32m (down 112% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: ₹0.01 loss per share (vs ₹0.45 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹284.4m (up 18% from 2Q 2021). Net loss: ₹172.0k (down 103% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹0.55 (vs ₹1.50 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹306.0m (up 70% from 1Q 2021). Net income: ₹7.52m (up ₹27.9m from 1Q 2021). Profit margin: 2.5% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improved over the past week After last week's 20% share price gain to ₹44.25, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 32x in the Transportation industry in India. Total returns to shareholders of 2.8% over the past three years. Reported Earnings • May 09
Full year 2021 earnings released: EPS ₹1.88 (vs ₹5.84 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.13b (down 1.9% from FY 2020). Net income: ₹25.6m (down 68% from FY 2020). Profit margin: 2.3% (down from 6.9% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. 