Reported Earnings • May 31
Full year 2026 earnings released: ₹12.16 loss per share (vs ₹0.69 profit in FY 2025) Full year 2026 results: ₹12.16 loss per share (down from ₹0.69 profit in FY 2025). Revenue: ₹301.8m (down 47% from FY 2025). Net loss: ₹94.6m (down ₹99.9m from profit in FY 2025). New Risk • May 25
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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (₹260.6m market cap, or US$2.72m). New Risk • Dec 31
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 8.5% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (₹461.5m market cap, or US$5.14m). New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 41% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (₹681.8m market cap, or US$7.70m). Tillkännagivande • Nov 11
Comrade Appliances Limited to Report First Half, 2026 Results on Nov 14, 2025 Comrade Appliances Limited announced that they will report first half, 2026 results on Nov 14, 2025 Tillkännagivande • Sep 05
Comrade Appliances Limited, Annual General Meeting, Sep 29, 2025 Comrade Appliances Limited, Annual General Meeting, Sep 29, 2025, at 15:00 Indian Standard Time. Board Change • Aug 20
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 Sonu Dhariwal 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. New Risk • Jun 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 7.8% 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 Risks Interest payments are not well covered by earnings (1.3x net interest cover). High level of non-cash earnings (42% accrual ratio). Market cap is less than US$10m (₹584.6m market cap, or US$6.73m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). New Risk • Jun 02
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: 0.9% Last year net profit margin: 1.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). High level of non-cash earnings (42% accrual ratio). Market cap is less than US$10m (₹655.4m market cap, or US$7.67m). Minor Risk Profit margins are more than 30% lower than last year (0.9% net profit margin). Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹82.77, the stock trades at a trailing P/E ratio of 50.6x. Average trailing P/E is 43x in the Consumer Durables industry in India. Total loss to shareholders of 17% over the past year. Tillkännagivande • May 21
Comrade Appliances Limited to Report Second Half, 2025 Results on May 26, 2025 Comrade Appliances Limited announced that they will report second half, 2025 results on May 26, 2025 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹102, the stock trades at a trailing P/E ratio of 62.1x. Average trailing P/E is 43x in the Consumer Durables industry in India. Total returns to shareholders of 3.7% over the past year. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹85.02, the stock trades at a trailing P/E ratio of 52x. Average trailing P/E is 42x in the Consumer Durables industry in India. Total loss to shareholders of 9.1% over the past year. New Risk • Feb 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹831.2m (US$9.53m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (₹831.2m market cap, or US$9.53m). Minor Risk Revenue is less than US$5m (₹359m revenue, or US$4.1m). Tillkännagivande • Feb 12
Comrade Appliances Limited Appoints Malvika Jagani as Company Secretary and Compliance Officer Comrade Appliances Limited at its board meeting held on February 11, 2025, approved the appointment of Mrs. Malvika Jagani (Membership No. A46722), as Company Secretary and Compliance Officer of the Company with effect from February 11, 2025. Mrs. Malvika Jagani is the Qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI) having Membership No. A46722. She has a professional background with expertise in the field of Secretarial and Compliances. She has worked on various assignment related to compliance and corporate secretarial functions as required under the Companies Act, 2013 and SEBI Regulations. Tillkännagivande • Feb 01
Comrade Appliances Limited Announces Resignation of Kiran Tilwani as Company Secretary Comrade Appliances Limited announced that Ms. Kiran Tilwani, has tendered her resignation from the position of Company Secretary effective from the close of business hours on January 31, 2025. Due to Unavoidable Personal Reasons. Ms. Kiran Tilwani had confirmed that there are no other material reasons for her resignation other than one specified above. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹129, the stock trades at a trailing P/E ratio of 79.1x. Average trailing P/E is 49x in the Consumer Durables industry in India. Total loss to shareholders of 2.0% over the past year. 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 7.6% 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 Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Revenue is less than US$5m (₹359m revenue, or US$4.2m). Market cap is less than US$100m (₹917.9m market cap, or US$10.8m). Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹127, the stock trades at a trailing P/E ratio of 77.8x. Average trailing P/E is 54x in the Consumer Durables industry in India. Total loss to shareholders of 11% over the past year. New Risk • Nov 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹813.5m (US$9.63m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (₹813.5m market cap, or US$9.63m). Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Revenue is less than US$5m (₹359m revenue, or US$4.3m). 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 ₹105, the stock trades at a trailing P/E ratio of 63.9x. Average trailing P/E is 54x in the Consumer Durables industry in India. Total loss to shareholders of 25% over the past year. Tillkännagivande • Nov 09
Comrade Appliances Limited to Report First Half, 2025 Results on Nov 14, 2024 Comrade Appliances Limited announced that they will report first half, 2025 results on Nov 14, 2024 New Risk • Oct 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% 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: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (37% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Revenue is less than US$5m (₹290m revenue, or US$3.4m). Market cap is less than US$100m (₹985.4m market cap, or US$11.7m). Tillkännagivande • Sep 09
Comrade Appliances Limited, Annual General Meeting, Sep 30, 2024 Comrade Appliances Limited, Annual General Meeting, Sep 30, 2024. Reported Earnings • Sep 07
Full year 2024 earnings released: EPS: ₹0.74 (vs ₹3.15 in FY 2023) Full year 2024 results: EPS: ₹0.74 (down from ₹3.15 in FY 2023). Revenue: ₹291.0m (up 7.9% from FY 2023). Net income: ₹5.25m (down 68% from FY 2023). Profit margin: 1.8% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹120, the stock trades at a trailing P/E ratio of 55.1x. Average trailing P/E is 52x in the Consumer Durables industry in India. Total loss to shareholders of 27% over the past year. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹105, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 54x in the Consumer Durables industry in India. Total loss to shareholders of 2.2% over the past year. New Risk • May 24
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue has declined by 9.1% over the past year. Market cap is less than US$10m (₹815.7m market cap, or US$9.80m). Minor Risks High level of debt (187% net debt to equity). Revenue is less than US$5m (₹270m revenue, or US$3.2m). Tillkännagivande • May 23
Comrade Appliances Limited to Report Second Half, 2024 Results on May 30, 2024 Comrade Appliances Limited announced that they will report second half, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹106, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 46x in the Consumer Durables industry in India. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹93.54, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 42x in the Consumer Durables industry in India. New Risk • Mar 31
New major risk - Revenue and earnings growth Revenue has declined by 9.1% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue has declined by 9.1% over the past year. Market cap is less than US$10m (₹582.4m market cap, or US$6.99m). Minor Risks High level of debt (187% net debt to equity). Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Revenue is less than US$5m (₹270m revenue, or US$3.2m). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹99.00, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 42x in the Consumer Durables industry in India. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹143, the stock trades at a trailing P/E ratio of 65.8x. Average trailing P/E is 51x in the Consumer Durables industry in India. Tillkännagivande • Jan 22
Comrade Appliances Limited announced that it expects to receive INR 150 million in funding Comrade Appliances Limited announced a private placement of equity shares or convertible share warrants for gross proceeds of INR 150,000,000 on January 20, 2024. The securities will be issued on preferential basis. The transaction has been approved by the board of directors of the company. New Risk • Dec 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (187% net debt to equity). Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (₹270m revenue, or US$3.2m). Market cap is less than US$100m (₹1.04b market cap, or US$12.5m). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹144, the stock trades at a trailing P/E ratio of 66.3x. Average trailing P/E is 42x in the Consumer Durables industry in India. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹117, the stock trades at a trailing P/E ratio of 54x. Average trailing P/E is 43x in the Consumer Durables industry in India. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹104, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 42x in the Consumer Durables industry in India. Board Change • Jun 13
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 Sonu Dhariwal 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.