Reported Earnings • May 17
Full year 2026 earnings released: EPS: ₹3.76 (vs ₹3.70 in FY 2025) Full year 2026 results: EPS: ₹3.76 (up from ₹3.70 in FY 2025). Revenue: ₹8.40b (up 6.4% from FY 2025). Net income: ₹220.1m (up 1.7% from FY 2025). Profit margin: 2.6% (down from 2.7% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 05
Scan Steels Limited to Report Q4, 2026 Results on May 15, 2026 Scan Steels Limited announced that they will report Q4, 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹38.75, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹29.75, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total loss to shareholders of 2.3% over the past three years. New Risk • Feb 06
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (₹1.79b market cap, or US$19.8m). Tillkännagivande • Feb 02
Scan Steels Limited to Report Q3, 2026 Results on Feb 05, 2026 Scan Steels Limited announced that they will report Q3, 2026 results on Feb 05, 2026 New Risk • Dec 22
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 8.6% 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 Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Market cap is less than US$100m (₹2.02b market cap, or US$22.5m). Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: ₹0.03 (vs ₹0.17 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹0.03 (up from ₹0.17 loss in 2Q 2025). Revenue: ₹1.33b (down 4.9% from 2Q 2025). Net income: ₹1.91m (up ₹10.3m from 2Q 2025). Profit margin: 0.1% (up from net loss in 2Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Tillkännagivande • Oct 22
Scan Steels Limited to Report Q2, 2026 Results on Oct 31, 2025 Scan Steels Limited announced that they will report Q2, 2026 results on Oct 31, 2025 New Risk • Oct 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 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 Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (₹2.48b market cap, or US$28.0m). Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹43.27, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 14% over the past three years. Tillkännagivande • Sep 02
Scan Steels Limited, Annual General Meeting, Sep 26, 2025 Scan Steels Limited, Annual General Meeting, Sep 26, 2025, at 10:30 Indian Standard Time. New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings have declined by 1.9% 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 Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹1.97b market cap, or US$22.5m). Tillkännagivande • Aug 08
Scan Steels Limited Announces Board Changes, Effective August 8, 2025 Scan Steels Limited at its board meeting held on August 8, 2025 appointed Mr. Jitendra Mohanty as an additional director (Non-Executive Independent Director), Ms. P. Monalisha as an additional director (Non-Executive Independent Woman Director), Mrs, Sushama Anuj Yadav as an additional director (Non-Executive Independent Woman Director) w.e.f. August 8, 2025 to hold the office till the conclusion of ensuing Annual General Meeting. The company also approved resignation of Mr. Gagan Jalan (Non-Executive Independent Director) consequently, he ceased to be an Independent Director of the Company from close of business hours on August 8, 2025, The Board of Directors and the Management of the Company would like to place on record their deep appreciation for the contributions made by Mr. Gagan Jalan during his association with the company as an independent director. The board also approved resignation submitted by Mr. Punit Kedia of the Company; consequently, he ceased to be an Independent Director of the Company from close of business hours on August 8, 2025, The Board of Directors and the Management of the Company would like to place on record their deep appreciation for the contributions made by Mr. Punit Kedia during his association with the company as an independent director. The board also approved resignation submitted by Mrs. Konika Poddar (Non-Executive Independent Woman Director) of the Company, consequently, she ceased to be an Independent Director of the Company from close of business hours on August 8, 2025, The Board of Directors and the Management of the Company would like to place on record their deep appreciation for the contributions made by Mrs. Konika Poddar during her association with the company as an independent director. Mr. Jitendriya Mohanty (DIN: 03586597) aged about 51 years is a seasoned professional with over a decade of experience across the corporate, legal, and financial sectors. He holds an MBA in Finance & HR, LL.M, and is a Fellow Member of ICSI (FCS 8024) and an Associate Member of ICAI-CMA (ACMA 49908). He is also proficient in ERP (SAP) systems and Tally software. Ms. P. Monalisha (DIN: 10992460) aged about 32 years a finance professional with a Post Graduate Diploma in Management (PGDM) specializing in Finance over 3.5 years of experience in financial analysis, reporting, and strategic planning. Her work has equipped her with strong analytical capabilities, a keen understanding of financial risk, and the ability to support data-driven decision-making within cross-functional teams. Mrs. Sushama A. Yadav (DIN: 07910845), aged 37 years, is a commerce graduate, and a member of The Institute of Company Secretaries of India (ICSI), having more than 10 years of experience in Legal, Secretarial, Indirect Taxation and FEMA Matters. Tillkännagivande • Jul 30
Scan Steels Limited to Report Q1, 2026 Results on Aug 08, 2025 Scan Steels Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: ₹3.69 (vs ₹4.02 in FY 2024) Full year 2025 results: EPS: ₹3.69. Revenue: ₹7.94b (down 18% from FY 2024). Net income: ₹216.5m (up 2.8% from FY 2024). Profit margin: 2.7% (up from 2.2% in FY 2024). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹37.30, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total loss to shareholders of 14% over the past three years. Tillkännagivande • May 05
Scan Steels Limited to Report Q4, 2025 Results on May 17, 2025 Scan Steels Limited announced that they will report Q4, 2025 results at 3:30 PM, Indian Standard Time on May 17, 2025 Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: ₹0.26 (vs ₹0.30 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.26. Revenue: ₹1.75b (down 21% from 3Q 2024). Net income: ₹31.6m (up 101% from 3Q 2024). Profit margin: 1.8% (up from 0.7% in 3Q 2024). The increase in margin was driven by lower expenses. Tillkännagivande • Jan 28
Scan Steels Limited to Report Nine Months, 2025 Results on Feb 05, 2025 Scan Steels Limited announced that they will report nine months, 2025 results on Feb 05, 2025 New Risk • Jan 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% 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 Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (₹2.67b market cap, or US$31.0m). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹54.38, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹51.09, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 26x in the Metals and Mining industry in India. Total returns to shareholders of 42% over the past three years. Reported Earnings • Nov 06
Second quarter 2025 earnings released: ₹0.17 loss per share (vs ₹0.64 profit in 2Q 2024) Second quarter 2025 results: ₹0.17 loss per share (down from ₹0.64 profit in 2Q 2024). Revenue: ₹1.41b (down 46% from 2Q 2024). Net loss: ₹8.39m (down 125% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Nov 06
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to ₹54.40. The fair value is estimated to be ₹72.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 41%. Tillkännagivande • Nov 05
Scan Steels Limited Announces Chief Financial Officer Changes Scan Steels Limited informed that the board of directors of the company held on November 5, approved the resignation of Mr. Gobinda Chandra Nayak (PAN - ACRPN0198B) who vide his letter dated November 05, 2024 has tendered his resignation as Chief Financial Officer (KMP) of the Company and will cease to be the Chief Financial Officer (CFO) and Key Managerial Personnel of the company under the provisions of Section 203 of the Companies Act, 2013 and other applicable provisions if any, of the Companies Act, 2013 and Regulation 30(5) of the SEBI (LODR) Regulations for determining the materiality of any event or transaction for making the required disclosures to the stock exchange with effect from closure of business hours on November 05, 2024, due to his personal reasons for exploring external growth opportunities as indicated in his resignation letter enclosed herewith. Mr. Gobinda Chandra Nayak has confirmed that there are no other material reasons for his resignation other than those mentioned in the resignation letter. Company approved the appointment of Mr. Kalyan Kiran Mishra (PAN - AFXPM8315A) as the Chief Financial Officer (CFO) and Key Managerial Personnel of the company pursuant to the provisions of Section 203 of the Companies Act, 2013 read with its applicable Rules and SEBI (LODR) Regulations, 2015. He is also authorized under Regulation 30(5) of the SEBI (LODR) Regulations, 2015 for determining the materiality of any event or transaction for making the required disclosures to the stock exchange under the said Regulation with effect from November 5, 2024. Qualification of Mr. Kalyan Kiran Mishra: B. Com, (Hons) CA Inter. LLB, Mr. Mishra has rich experience of 34 years in Finance, Accounting and Taxation. Tillkännagivande • Oct 24
Scan Steels Limited to Report Q2, 2025 Results on Nov 05, 2024 Scan Steels Limited announced that they will report Q2, 2025 results on Nov 05, 2024 Tillkännagivande • Aug 26
Scan Steels Limited, Annual General Meeting, Sep 27, 2024 Scan Steels Limited, Annual General Meeting, Sep 27, 2024, at 10:30 Indian Standard Time. Tillkännagivande • Aug 24
Scan Steels Limited Approves Resignation Submitted by Mrs. Debjani Sahu as Non-Executive Independent Woman Director The Board of Directors of Scan Steels Limited approved the resignation submitted by Mrs. Debjani Sahu, (Non-Executive Independent Woman Director) of the Company; consequently, she ceased to be an Independent Director of the Company from close of business hours on August 24, 2024, The Board of Directors and the Management of the Company would like to place on record their deep appreciation for the contributions made by Mrs. Debjani Sahu during her association with the company as an independent director. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: ₹2.79 (vs ₹0.90 in 1Q 2024) First quarter 2025 results: EPS: ₹2.79 (up from ₹0.90 in 1Q 2024). Revenue: ₹2.35b (up 3.6% from 1Q 2024). Net income: ₹145.9m (up 210% from 1Q 2024). Profit margin: 6.2% (up from 2.1% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 24
Scan Steels Limited to Report Q1, 2025 Results on Jul 31, 2024 Scan Steels Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 12
Full year 2024 earnings released: EPS: ₹4.02 (vs ₹2.93 in FY 2023) Full year 2024 results: EPS: ₹4.02 (up from ₹2.93 in FY 2023). Revenue: ₹9.67b (down 11% from FY 2023). Net income: ₹210.5m (up 37% from FY 2023). Profit margin: 2.2% (up from 1.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹71.99, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 225% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹67.64, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 274% over the past three years. Buy Or Sell Opportunity • Feb 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to ₹90.21. The fair value is estimated to be ₹74.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 28%. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹83.77, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 340% over the past three years. Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: ₹0.30 (vs ₹0.20 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.30 (up from ₹0.20 in 3Q 2023). Revenue: ₹2.20b (down 27% from 3Q 2023). Net income: ₹15.7m (up 53% from 3Q 2023). Profit margin: 0.7% (up from 0.3% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Tillkännagivande • Jan 30
Scan Steels Limited Approves Resignation of Shravan Kumar Agrawal, Non-Executive Independent Director Scan Steels Limited approved the resignation Submitted by Mr. Shravan Kumar Agrawal (DIN 09139761) (Non-Executive Independent Director) of the Company; consequently, he ceased to be an Independent Director of the Company from close of business hours on 30t January, 2024. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹73.80, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 226% over the past three years. Reported Earnings • Nov 06
Second quarter 2024 earnings released: EPS: ₹0.64 (vs ₹1.64 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.64 (up from ₹1.64 loss in 2Q 2023). Revenue: ₹2.62b (up 24% from 2Q 2023). Net income: ₹33.4m (up ₹119.4m from 2Q 2023). Profit margin: 1.3% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Buying Opportunity • Oct 26
Now 20% undervalued Over the last 90 days, the stock is up 57%. The fair value is estimated to be ₹74.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company became loss making. Board Change • Oct 18
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Non-Executive & Independent Director Shravan Agrawal was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Aug 26
Scan Steels Limited, Annual General Meeting, Sep 29, 2023 Scan Steels Limited, Annual General Meeting, Sep 29, 2023, at 10:30 Indian Standard Time. Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: ₹0.90 (vs ₹3.93 in 1Q 2023) First quarter 2024 results: EPS: ₹0.90 (down from ₹3.93 in 1Q 2023). Revenue: ₹2.27b (down 26% from 1Q 2023). Net income: ₹47.1m (down 77% from 1Q 2023). Profit margin: 2.1% (down from 6.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 24
Scan Steels Limited to Report Q1, 2024 Results on Jul 29, 2023 Scan Steels Limited announced that they will report Q1, 2024 results on Jul 29, 2023 Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹37.06, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 132% over the past three years. Reported Earnings • May 14
Full year 2023 earnings released: EPS: ₹2.93 (vs ₹9.70 in FY 2022) Full year 2023 results: EPS: ₹2.93 (down from ₹9.70 in FY 2022). Revenue: ₹11.0b (up 9.7% from FY 2022). Net income: ₹153.2m (down 70% from FY 2022). Profit margin: 1.4% (down from 5.1% 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 47% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 06
Scan Steels Limited to Report Q4, 2023 Results on May 13, 2023 Scan Steels Limited announced that they will report Q4, 2023 results on May 13, 2023 Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: ₹0.20 (vs ₹0.42 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.20 (down from ₹0.42 in 3Q 2022). Revenue: ₹3.02b (up 16% from 3Q 2022). Net income: ₹10.3m (down 54% from 3Q 2022). Profit margin: 0.3% (down from 0.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 19
Scan Steels Limited to Report Q3, 2023 Results on Jan 31, 2023 Scan Steels Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₹41.15, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 101% over the past three years. Tillkännagivande • Aug 26
Scan Steels Limited, Annual General Meeting, Sep 29, 2022 Scan Steels Limited, Annual General Meeting, Sep 29, 2022, at 10:30 Indian Standard Time. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: ₹3.93 (vs ₹4.16 in 1Q 2022) First quarter 2023 results: EPS: ₹3.93 (down from ₹4.16 in 1Q 2022). Revenue: ₹3.07b (up 29% from 1Q 2022). Net income: ₹205.5m (down 5.7% from 1Q 2022). Profit margin: 6.7% (down from 9.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Tillkännagivande • Jul 24
Scan Steels Limited to Report Q1, 2023 Results on Jul 30, 2022 Scan Steels Limited announced that they will report Q1, 2023 results on Jul 30, 2022 Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹37.25, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 2.5% over the past three years. Reported Earnings • May 08
Full year 2022 earnings released: EPS: ₹9.70 (vs ₹5.87 in FY 2021) Full year 2022 results: EPS: ₹9.70 (up from ₹5.87 in FY 2021). Revenue: ₹10.0b (up 37% from FY 2021). Net income: ₹507.7m (up 65% from FY 2021). Profit margin: 5.1% (up from 4.2% 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 90% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Shravan Agrawal was the last independent director to join the board, commencing their role in 2021. 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 • Apr 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₹36.45, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total loss to shareholders of 8.9% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₹28.20, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total loss to shareholders of 40% over the past three years. Reported Earnings • Feb 01
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.42 (down from ₹1.27 in 3Q 2021). Revenue: ₹2.60b (up 28% from 3Q 2021). Net income: ₹22.2m (down 67% from 3Q 2021). Profit margin: 0.9% (down from 3.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹56.35, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 112% over the past three years. Reported Earnings • Jul 28
First quarter 2022 earnings released: EPS ₹4.16 (vs ₹1.10 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹2.39b (up 58% from 1Q 2021). Net income: ₹218.0m (up ₹275.7m from 1Q 2021). Profit margin: 9.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 17% share price gain to ₹45.70, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 99% over the past three years. Executive Departure • Jun 18
Independent Non-Executive Director Vinay Goyal has left the company On the 5th of June, Vinay Goyal's tenure as Independent Non-Executive Director ended after 6.6 years in the role. We don't have any record of a personal shareholding under Vinay's name. Vinay is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Jan 04
New 90-day high: ₹20.50 The company is up 6.0% from its price of ₹19.25 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 34% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ₹20.00 The company is up 7.0% from its price of ₹18.70 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 26% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: ₹16.85 The company is down 20% from its price of ₹21.00 on 13 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 4.0% over the same period.