Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹99.45, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 21x in the Consumer Services industry in India. Total loss to shareholders of 67% over the past three years. Reported Earnings • Feb 17
Third quarter 2026 earnings released: EPS: ₹1.48 (vs ₹0.62 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.48 (up from ₹0.62 in 3Q 2025). Revenue: ₹1.40b (up 27% from 3Q 2025). Net income: ₹85.6m (up 139% from 3Q 2025). Profit margin: 6.1% (up from 3.2% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 05
Aptech Limited to Report Q3, 2026 Results on Feb 11, 2026 Aptech Limited announced that they will report Q3, 2026 results on Feb 11, 2026 New Risk • Nov 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Dividend per share is over 5x cash flows per share. High level of non-cash earnings (29% accrual ratio). Minor Risk Market cap is less than US$100m (₹6.07b market cap, or US$68.5m). Reported Earnings • Nov 05
Second quarter 2026 earnings released: EPS: ₹1.11 (vs ₹0.95 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.11 (up from ₹0.95 in 2Q 2025). Revenue: ₹1.39b (up 10.0% from 2Q 2025). Net income: ₹64.6m (up 17% from 2Q 2025). Profit margin: 4.6% (up from 4.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Tillkännagivande • Oct 29
Aptech Limited to Report Q2, 2026 Results on Nov 04, 2025 Aptech Limited announced that they will report Q2, 2026 results on Nov 04, 2025 Tillkännagivande • Sep 17
Aptech Limited Announces Retirement of Utpal Sheth as Director Aptech Limited took note of the retirement of Mr. Utpal Sheth Director, who retires by rotation at this Annual General Meeting who has expressed his intention not to seek re-appointment. Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: ₹1.16 (vs ₹0.87 in 1Q 2025) First quarter 2026 results: EPS: ₹1.16 (up from ₹0.87 in 1Q 2025). Revenue: ₹1.25b (up 20% from 1Q 2025). Net income: ₹67.3m (up 33% from 1Q 2025). Profit margin: 5.4% (up from 4.8% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Tillkännagivande • Aug 04
Aptech Limited, Annual General Meeting, Sep 17, 2025 Aptech Limited, Annual General Meeting, Sep 17, 2025, at 12:00 Indian Standard Time. Tillkännagivande • Jul 30
Aptech Limited to Report Q1, 2026 Results on Aug 04, 2025 Aptech Limited announced that they will report Q1, 2026 results on Aug 04, 2025 New Risk • Jun 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.53b (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Cash payout ratio: 202% Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (₹8.53b market cap, or US$98.4m). Declared Dividend • May 12
Dividend of ₹4.50 announced Shareholders will receive a dividend of ₹4.50. Ex-date: 16th May 2025 Payment date: 7th June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (89.8% earnings payout ratio) but not covered by cash flows (202% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share declined by 5.5% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range. Reported Earnings • May 10
Full year 2025 earnings released: EPS: ₹3.29 (vs ₹5.01 in FY 2024) Full year 2025 results: EPS: ₹3.29 (down from ₹5.01 in FY 2024). Revenue: ₹4.76b (up 9.0% from FY 2024). Net income: ₹190.8m (down 34% from FY 2024). Profit margin: 4.0% (down from 6.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% 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. Tillkännagivande • May 05
Aptech Limited to Report Q4, 2025 Results on May 08, 2025 Aptech Limited announced that they will report Q4, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹158, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 42x in the Consumer Services industry in India. Total loss to shareholders of 30% over the past three years. Buy Or Sell Opportunity • Apr 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 35% to ₹119. The fair value is estimated to be ₹154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 19%. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹132, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 41x in the Consumer Services industry in India. Total loss to shareholders of 43% over the past three years. New Risk • Mar 05
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (₹7.39b market cap, or US$84.9m). Buy Or Sell Opportunity • Feb 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to ₹116. The fair value is estimated to be ₹147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 19%. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹127, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 39x in the Consumer Services industry in India. Total loss to shareholders of 41% over the past three years. Board Change • Feb 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Director Amit Goela was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.38b (US$96.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (₹8.38b market cap, or US$96.6m). Tillkännagivande • Feb 06
Aptech Limited Announces Resignation of Neha Mavani, Executive Vice President - Marketing, Effective March 5, 2025 Aptech Limited announced that Ms. Neha Mavani, Executive Vice President - Marketing, and a Senior Management Personnel, has resigned from the services of the Company. Her resignation will be effective from the close of business hours on March 5, 2025. Tillkännagivande • Jan 27
Aptech Limited Announces Appointment of Shruti Laud as Company Secretary Aptech Limited announced that the Board of Directors vide its Board Meeting held on January 25, 2025 has approved appointment of Ms. Shruti Laud, Qualified Company Secretary (Membership No. A38705), as Company Secretary of the Company with effect from January 25, 2025. Accordingly, as per the provisions of Section 203 of the Act, Ms. Shruti Laud shall also act as the Key Managerial Personnel of the Company. Ms. Shruti Laud holds a bachelor's degree in commerce, and is a qualified Company Secretary with more than 8 years of rich experience, including a previous role as Company Secretary and Compliance Officer at Nitin Castings Limited. She possesses expertise in compliance with Secretarial Practices, Company Laws, Securities Law, ROC and Stock Exchange Regulations, and SEBI Rules. Reported Earnings • Jan 27
Third quarter 2025 earnings released: EPS: ₹0.62 (vs ₹1.16 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.62 (down from ₹1.16 in 3Q 2024). Revenue: ₹1.15b (up 14% from 3Q 2024). Net income: ₹35.8m (down 47% from 3Q 2024). Profit margin: 3.1% (down from 6.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 16% per year. Tillkännagivande • Jan 22
Aptech Limited to Report Q3, 2025 Results on Jan 25, 2025 Aptech Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Jan 25, 2025 Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹0.95 (vs ₹1.97 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.95 (down from ₹1.97 in 2Q 2024). Revenue: ₹1.31b (up 20% from 2Q 2024). Net income: ₹55.0m (down 52% from 2Q 2024). Profit margin: 4.2% (down from 11% 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 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Nov 09
Aptech Limited to Report Q2, 2025 Results on Nov 11, 2024 Aptech Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹180, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 44x in the Consumer Services industry in India. Total loss to shareholders of 23% over the past three years. Tillkännagivande • Oct 15
Aptech Limited Announces the Resignation of Akshar Biyani as Company Secretary and Compliance Officer Aptech Limited announced that Mr. Akshar Biyani has tendered his resignation from the post of Company Secretary and Compliance Officer of the Company with effect from 14 October 2024 due to personal and professional reasons. Tillkännagivande • Sep 03
Aptech Limited, Annual General Meeting, Sep 26, 2024 Aptech Limited, Annual General Meeting, Sep 26, 2024, at 12:00 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: ₹0.87 (vs ₹1.40 in 1Q 2024) First quarter 2025 results: EPS: ₹0.87 (down from ₹1.40 in 1Q 2024). Revenue: ₹1.08b (down 12% from 1Q 2024). Net income: ₹50.6m (down 38% from 1Q 2024). Profit margin: 4.7% (down from 6.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 26
Aptech Limited to Report Q1, 2025 Results on Aug 02, 2024 Aptech Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Tillkännagivande • Jul 02
Aptech Limited Announces Resignation of Pravir Arora as Chief Marketing Officer and Head - Industry Connect Alliances and Placements, Effective October 1, 2024 Aptech Limited announced Resignation of Mr. Pravir Arora, Chief Marketing Officer and Head - Industry Connect Alliances and Placements (ICAP) from the services of the Company to be effective from the close of business hours on October 1, 2024. Reported Earnings • May 03
Full year 2024 earnings released: EPS: ₹5.01 (vs ₹11.68 in FY 2023) Full year 2024 results: EPS: ₹5.01 (down from ₹11.68 in FY 2023). Revenue: ₹4.53b (flat on FY 2023). Net income: ₹290.4m (down 57% from FY 2023). Profit margin: 6.4% (down from 15% in FY 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹243, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 35x in the Consumer Services industry in India. Total returns to shareholders of 88% over the past three years. Board Change • Mar 20
High number of new directors Independent Director Ameet Hariani was the last director to join the board, commencing their role in 2024. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹245, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 36x in the Consumer Services industry in India. Total returns to shareholders of 58% over the past three years. Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹1.16 (vs ₹3.06 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.16 (down from ₹3.06 in 3Q 2023). Revenue: ₹1.04b (down 11% from 3Q 2023). Net income: ₹67.5m (down 62% from 3Q 2023). Profit margin: 6.5% (down from 15% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 31
Aptech Limited to Report Q3, 2024 Results on Feb 06, 2024 Aptech Limited announced that they will report Q3, 2024 results at 4:00 PM, Indian Standard Time on Feb 06, 2024 Tillkännagivande • Nov 17
Aptech Limited Announces Appointment of Sandip Weling as Chief Business Officer (Retail Business) Aptech Limited announced appointment of Mr. Sandip Weling, with effect from November 16, 2023, as Chief Business Officer (Retail Business). Effective from November 16, 2023;Sandip is an MBA from Welingkar Institute of Management and a B.E. (Mechanical) from VJTI, Mumbai. Sandip has over 31 years of experience with leading Companies like Eureka Forbes Ltd., Mahindra Holidays & Resorts Ltd., Jubilant Agri & Consumer Products Ltd., Bharti Axa Life Insurance Company Ltd., Kotak Mahindra Old Mutual Life Insurance Ltd., and a few others. Tillkännagivande • Nov 08
Aptech Limited Announces Management Redesignations Aptech Limited announced that the changes in the Senior Management of the Company: Mr. Kallol Mukherjee re-designated as Executive Vice President (International, AL & MAAC) with effect from November 7, 2023. Mr. Abir Aich re-designated as Executive Vice President (Technical-M&E) with effect from November 7, 2023. Mr. Easo Mathew re-designated as Executive Vice President (Arena, LAPA, Business Enablement) with effect from November 7, 2023. Tillkännagivande • Nov 03
Aptech Limited Announces Management Changes Aptech Limited announced the changes in the Senior Management Personnel of the Company: Resignation of Mr. Vishal Mehra, Chief Business Officer - Industry Connect Alliances and Placements (ICAP) with effect from November 1, 2023 and ICAP is re-aligned with Marketing headed by Pravir Arora- Chief Marketing officer. Appointment of Mr. Parag Dhakan, Head - Information Technology. Parag is a BE in Telecommunications and did his master's in information management from Mumbai University. He has over 18 years of experience in companies like Arvind Fashions, Sara Suole, Verchaska Infotech and Future Group. In his last assignment, he was the Chief Technology Officer of INI Farms. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹1.97 (vs ₹2.34 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.97 (down from ₹2.34 in 2Q 2023). Revenue: ₹1.14b (up 8.8% from 2Q 2023). Net income: ₹114.3m (down 16% from 2Q 2023). Profit margin: 10.0% (down from 13% 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 68% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Oct 24
Aptech Limited to Report Q2, 2024 Results on Nov 01, 2023 Aptech Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Tillkännagivande • Aug 29
Aptech Limited, Annual General Meeting, Sep 22, 2023 Aptech Limited, Annual General Meeting, Sep 22, 2023, at 12:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon; to appoint a Director in place of Mr. Utpal Sheth who retires by rotation and being eligible offers himself for re-appointment; to ratify the remuneration of Cost Auditor of the Financial year ended 31 March, 2023; to ratify the remuneration of Cost Auditor of the Financial year ended 31 March, 2024;. Reported Earnings • Aug 05
First quarter 2024 earnings released: EPS: ₹1.96 (vs ₹0.52 in 1Q 2023) First quarter 2024 results: EPS: ₹1.96 (up from ₹0.52 in 1Q 2023). Revenue: ₹1.26b (up 124% from 1Q 2023). Net income: ₹81.1m (up 169% from 1Q 2023). Profit margin: 6.5% (up from 5.4% 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 77% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 01
Aptech Limited to Report Q1, 2024 Results on Aug 04, 2023 Aptech Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹568, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 30x in the Consumer Services industry in India. Total returns to shareholders of 464% over the past three years. Tillkännagivande • May 25
Aptech Limited Proposes Interim Dividend for the Financial Year 2022-2023 Aptech Limited announced that at the board meeting held on May 24, 2023 the board declared an Interim dividend of INR 6/- per equity share of face value of INR 10/- each for the Financial Year 2022-2023 (60% of the face value), subject to the approval of the shareholders in the up coming Annual General Meeting. Reported Earnings • May 25
Full year 2023 earnings released: EPS: ₹16.36 (vs ₹12.07 in FY 2022) Full year 2023 results: EPS: ₹16.36 (up from ₹12.07 in FY 2022). Revenue: ₹4.70b (up 108% from FY 2022). Net income: ₹676.9m (up 37% from FY 2022). Profit margin: 14% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year whereas the company’s share price has increased by 73% per year. Tillkännagivande • May 19
Aptech Limited to Report Q4, 2023 Results on May 24, 2023 Aptech Limited announced that they will report Q4, 2023 results at 4:00 PM, Indian Standard Time on May 24, 2023 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹411, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 39x in the Consumer Services industry in India. Total returns to shareholders of 405% over the past three years. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹4.29 (vs ₹1.38 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.29 (up from ₹1.38 in 3Q 2022). Revenue: ₹1.20b (up 223% from 3Q 2022). Net income: ₹177.7m (up 213% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 03
Aptech Limited to Report Q3, 2023 Results on Feb 09, 2023 Aptech Limited announced that they will report Q3, 2023 results at 12:08 PM, Indian Standard Time on Feb 09, 2023 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₹380, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 36x in the Consumer Services industry in India. Total returns to shareholders of 138% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹3.28 (vs ₹1.98 in 2Q 2022) Second quarter 2023 results: EPS: ₹3.28 (up from ₹1.98 in 2Q 2022). Revenue: ₹1.05b (up 209% from 2Q 2022). Net income: ₹135.5m (up 68% from 2Q 2022). Profit margin: 13% (down from 24% in 2Q 2022). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Ronnie Talati was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹3.28 (vs ₹1.98 in 2Q 2022) Second quarter 2023 results: EPS: ₹3.28 (up from ₹1.98 in 2Q 2022). Revenue: ₹1.10b (up 225% from 2Q 2022). Net income: ₹135.5m (up 68% from 2Q 2022). Profit margin: 12% (down from 24% in 2Q 2022). The decrease in margin was driven by higher expenses. 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 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₹336, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 36x in the Consumer Services industry in India. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹271, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 33x in the Consumer Services industry in India. Total returns to shareholders of 93% over the past three years. Recent Insider Transactions • Sep 07
Insider recently sold ₹6.6m worth of stock On the 1st of September, Neeraj Malik sold around 25k shares on-market at roughly ₹262 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹25m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₹265, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 36x in the Consumer Services industry in India. Total returns to shareholders of 129% over the past three years. Recent Insider Transactions • Aug 24
Key Executive recently sold ₹1.0m worth of stock On the 17th of August, Anuj Kacker sold around 4k shares on-market at roughly ₹235 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹2.5m. Anuj has been a seller over the last 12 months, reducing personal holdings by ₹4.9m. Recent Insider Transactions • Aug 18
Key Executive recently sold ₹363k worth of stock On the 11th of August, Anuj Kacker sold around 2k shares on-market at roughly ₹238 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹2.5m. Anuj has been a seller over the last 12 months, reducing personal holdings by ₹3.9m. Reported Earnings • Jul 13
Full year 2022 earnings released: EPS: ₹12.07 (vs ₹3.03 in FY 2021) Full year 2022 results: EPS: ₹12.07 (up from ₹3.03 in FY 2021). Revenue: ₹2.26b (up 92% from FY 2021). Net income: ₹494.4m (up 303% from FY 2021). Profit margin: 22% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year. Recent Insider Transactions • Jun 16
Key Executive recently sold ₹231k worth of stock On the 8th of June, Anuj Kacker sold around 1k shares on-market at roughly ₹231 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹2.4m. Anuj has been a seller over the last 12 months, reducing personal holdings by ₹3.5m. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹221, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 32x in the Consumer Services industry in India. Total returns to shareholders of 47% over the past three years. Reported Earnings • May 06
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹12.07 (up from ₹4.35 in FY 2021). Revenue: ₹2.37b (up 166% from FY 2021). Net income: ₹494.4m (up 182% from FY 2021). Profit margin: 21% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.