Reported Earnings • 18h
Full year 2026 earnings released: EPS: ₹0.55 (vs ₹5.70 loss in FY 2025) Full year 2026 results: EPS: ₹0.55 (up from ₹5.70 loss in FY 2025). Revenue: ₹936.4m (up 14% from FY 2025). Net income: ₹5.57m (up ₹63.6m from FY 2025). Profit margin: 0.6% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 27
Alkali Metals Limited Recommends Dividend Alkali Metals Limited announced that at the board meeting held on May 26, 2026, Recommended the Dividend at 10% amounting to INR 1 per Equity Share of INR 10 each paid up. Tillkännagivande • May 18
Alkali Metals Limited to Report Q4, 2026 Results on May 26, 2026 Alkali Metals Limited announced that they will report Q4, 2026 results on May 26, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹62.52, the stock trades at a trailing P/E ratio of 71.6x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 37% over the past three years. Reported Earnings • Feb 15
Third quarter 2026 earnings released: ₹1.37 loss per share (vs ₹4.85 loss in 3Q 2025) Third quarter 2026 results: ₹1.37 loss per share (improved from ₹4.85 loss in 3Q 2025). Revenue: ₹251.5m (up 13% from 3Q 2025). Net loss: ₹13.9m (loss narrowed 72% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Tillkännagivande • Feb 05
Alkali Metals Limited to Report Q3, 2026 Results on Feb 14, 2026 Alkali Metals Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 New Risk • Nov 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (₹850.2m market cap, or US$9.61m). Minor Risks High level of debt (43% net debt to equity). Paying a dividend despite being loss-making. New Risk • Nov 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹882.5m (US$9.95m) 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 Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (₹882.5m market cap, or US$9.95m). Minor Risk Paying a dividend despite being loss-making. Tillkännagivande • Oct 31
Alkali Metals Limited to Report Q2, 2026 Results on Nov 07, 2025 Alkali Metals Limited announced that they will report Q2, 2026 results on Nov 07, 2025 New Risk • Aug 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹871.3m (US$9.95m) 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 Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (₹871.3m market cap, or US$9.95m). Minor Risk Paying a dividend despite being loss-making. Board Change • Aug 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent & Non-Executive Director Ganapathy Jayaraman was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 02
Dividend reduced to ₹0.50 Dividend of ₹0.50 is 50% lower than last year. Ex-date: 14th August 2025 Payment date: 20th September 2025 Dividend yield will be 0.6%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Tillkännagivande • Jul 30
Alkali Metals Limited, Annual General Meeting, Aug 21, 2025 Alkali Metals Limited, Annual General Meeting, Aug 21, 2025, at 11:00 Indian Standard Time. Reported Earnings • Jul 19
First quarter 2026 earnings released: ₹1.13 loss per share (vs ₹3.27 loss in 1Q 2025) First quarter 2026 results: ₹1.13 loss per share (improved from ₹3.27 loss in 1Q 2025). Revenue: ₹206.5m (up 41% from 1Q 2025). Net loss: ₹11.5m (loss narrowed 65% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jul 11
Alkali Metals Limited to Report Q1, 2026 Results on Jul 18, 2025 Alkali Metals Limited announced that they will report Q1, 2026 results on Jul 18, 2025 Reported Earnings • May 23
Full year 2025 earnings released: ₹5.70 loss per share (vs ₹1.11 profit in FY 2024) Full year 2025 results: ₹5.70 loss per share (down from ₹1.11 profit in FY 2024). Revenue: ₹839.0m (up 1.3% from FY 2024). Net loss: ₹58.0m (down ₹69.3m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. New Risk • May 20
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 Earnings have declined by 25% per year over the past 5 years. Minor Risks High level of debt (49% net debt to equity). Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₹1.10b market cap, or US$12.9m). New Risk • Feb 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹871.1m (US$9.97m) 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 Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (₹871.1m market cap, or US$9.97m). Minor Risks High level of debt (49% net debt to equity). Dividend is not well covered by earnings (90% payout ratio). New Risk • Feb 02
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks High level of debt (49% net debt to equity). Dividend is not well covered by earnings (90% payout ratio). Market cap is less than US$100m (₹1.06b market cap, or US$12.3m). Reported Earnings • Jan 31
Third quarter 2025 earnings released Third quarter 2025 results: ₹4.85 loss per share. Revenue: ₹234.9m (down 4.3% from 3Q 2024). Net loss: ₹49.3m (down ₹53.0m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jan 23
Alkali Metals Limited to Report Q3, 2025 Results on Jan 30, 2025 Alkali Metals Limited announced that they will report Q3, 2025 results on Jan 30, 2025 New Risk • Nov 10
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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹1.25b market cap, or US$14.9m). Reported Earnings • Nov 10
Second quarter 2025 earnings released: ₹1.86 loss per share (vs ₹0.16 profit in 2Q 2024) Second quarter 2025 results: ₹1.86 loss per share (down from ₹0.16 profit in 2Q 2024). Revenue: ₹205.6m (up 22% from 2Q 2024). Net loss: ₹19.0m (down ₹19.9m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. New Risk • Sep 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 9.0% 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 (0.04x net interest cover). Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₹1.43b market cap, or US$17.0m). Tillkännagivande • Aug 22
Alkali Metals Limited Approves Director Appointments Alkali Metals Limited at its AGM held on August 21, 2024, approved appointment of Sri Murali Krishna Chevuturi as an Independent Director for a term of 5 year beginning from 21st August, 2024, and appointment of Dr. Venkateswara Rao Thallapaka as an Independent Director for a term of 5 year beginning from 21st August, 2024. Mr. Murali Krishna Chevuturi is a Chartered Accountant in practice and is currently, Partner & CEO of M. Bhaskara Rao & Co, Chartered Accountants. He is also Associate Member of ICSI, MBA (USA) and B. Com. Dr. Venkateswara Rao Thallapaka is a holder of Honorary Doctorate in International Banking from ECOLE SUPERIEURE ROBERT DE SORBON University, France and Graduate in
Commerce, SV. University, Tirupati (A.P). Tillkännagivande • Aug 21
Alkali Metals Limited Announces Board Cessations Alkali Metals Limited announced that Dr. Jhillu Singh Yadav and Sri G. Jayaraman shall cease to be Non-Executive Independent Director(s) of the Company with effect from 20 August 2024 consequent to completion of two consecutive terms of 5 years each. Board Change • Aug 06
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. 4 highly experienced directors. Executive Director Yerramilli Prashanth was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 02
Dividend reduced to ₹1.00 Dividend of ₹1.00 is 50% lower than last year. Ex-date: 16th August 2024 Payment date: 20th September 2024 Dividend yield will be 0.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (90.1% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Earnings per share declined by 1.8% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range. New Risk • Jul 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.04x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.04x net interest cover). Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹1.34b market cap, or US$16.0m). Reported Earnings • Jul 28
First quarter 2025 earnings released: ₹3.27 loss per share (vs ₹0.10 profit in 1Q 2024) First quarter 2025 results: ₹3.27 loss per share (down from ₹0.10 profit in 1Q 2024). Revenue: ₹147.5m (down 14% from 1Q 2024). Net loss: ₹33.2m (down ₹34.4m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 22
Alkali Metals Limited to Report Q1, 2025 Results on Jul 27, 2024 Alkali Metals Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Jul 27, 2024 New Risk • Jun 01
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: 1.3% Last year net profit margin: 3.3% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (₹1.11b market cap, or US$13.3m). Tillkännagivande • May 28
Alkali Metals Limited Recommends Equity Dividend for the Fiscal Year 2023 - 2024 Alkali Metals Limited at its board meeting held on May 25, 2024, recommended equity dividend of INR 1 per share of INR 10 paid up for the fiscal Year 2023 - 2024. Tillkännagivande • May 19
Alkali Metals Limited to Report Q4, 2024 Results on May 25, 2024 Alkali Metals Limited announced that they will report Q4, 2024 results at 3:30 PM, Indian Standard Time on May 25, 2024 Buy Or Sell Opportunity • Mar 18
Now 26% overvalued Over the last 90 days, the stock has fallen 30% to ₹105. The fair value is estimated to be ₹83.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹0.09 (vs ₹0.27 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.09. Revenue: ₹246.4m (up 30% from 3Q 2023). Net income: ₹3.64m (up 51% from 3Q 2023). Profit margin: 1.5% (up from 1.3% in 3Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • Nov 05
Second quarter 2024 earnings released: EPS: ₹0.16 (vs ₹0.48 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.16 (down from ₹0.48 in 2Q 2023). Revenue: ₹170.4m (down 17% from 2Q 2023). Net income: ₹950.0k (down 80% from 2Q 2023). Profit margin: 0.6% (down from 2.4% in 2Q 2023). The decrease in margin was driven by lower revenue. 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 32% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Oct 28
Alkali Metals Limited to Report Q2, 2024 Results on Nov 04, 2023 Alkali Metals Limited announced that they will report Q2, 2024 results at 12:15 PM, Indian Standard Time on Nov 04, 2023 New Risk • Jul 31
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). 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 (7.4% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (₹1.05b market cap, or US$12.8m). New Risk • Jul 30
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: 2.2% Last year net profit margin: 5.5% 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: 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 (7.5% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (₹1.07b market cap, or US$13.0m). Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: ₹0.10 (vs ₹1.10 in 1Q 2023) First quarter 2024 results: EPS: ₹0.10 (down from ₹1.10 in 1Q 2023). Revenue: ₹171.3m (down 22% from 1Q 2023). Net income: ₹1.14m (down 91% from 1Q 2023). Profit margin: 0.7% (down from 5.5% 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 83% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 23
Alkali Metals Limited to Report Q1, 2024 Results on Jul 28, 2023 Alkali Metals Limited announced that they will report Q1, 2024 results on Jul 28, 2023 New Risk • Jun 08
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 8.5% 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 (8.5% average weekly change). Market cap is less than US$100m (₹1.35b market cap, or US$16.4m). Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹132, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 185% over the past three years. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹2.77 (vs ₹3.42 in FY 2022) Full year 2023 results: EPS: ₹2.77 (down from ₹3.42 in FY 2022). Revenue: ₹893.7m (down 1.8% from FY 2022). Net income: ₹29.1m (down 16% from FY 2022). Profit margin: 3.3% (down from 3.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 28
Alkali Metals Limited to Report Fiscal Year 2023 Results on May 27, 2023 Alkali Metals Limited announced that they will report fiscal year 2023 results at 12:15 PM, Indian Standard Time on May 27, 2023 Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹94.95, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 271% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.27 (vs ₹0.73 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.27 (down from ₹0.73 in 3Q 2022). Revenue: ₹191.0m (down 15% from 3Q 2022). Net income: ₹2.40m (down 66% from 3Q 2022). Profit margin: 1.3% (down from 3.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 39% per year. Tillkännagivande • Feb 05
Alkali Metals Limited to Report Q3, 2023 Results on Feb 13, 2023 Alkali Metals Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Tillkännagivande • Jan 12
Alkali Metals Limited Approves the Appointment of Y. V. Prashanth as Executive Director Alkali Metals Limited at its extra ordinary general meeting held on December 15, 2022, approved the appointment of Y. V. Prashanth as Executive Director for a period of 3 years effective from November 10, 2022. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹105, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 177% over the past three years. Buying Opportunity • Dec 21
Now 24% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be ₹159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹135, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 261% over the past three years. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 15% share price gain to ₹127, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 198% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 21% share price gain to ₹111, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 161% over the past three years. Buying Opportunity • Sep 19
Now 21% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be ₹124, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 04
Full year 2022 earnings released: EPS: ₹3.42 (vs ₹1.19 loss in FY 2021) Full year 2022 results: EPS: ₹3.42 (up from ₹1.19 loss in FY 2021). Revenue: ₹910.2m (up 64% from FY 2021). Net income: ₹34.8m (up ₹46.9m from FY 2021). Profit margin: 3.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 04
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.3%. Within top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.7%). Reported Earnings • May 25
Full year 2022 earnings released: EPS: ₹3.46 (vs ₹1.19 loss in FY 2021) Full year 2022 results: EPS: ₹3.46 (up from ₹1.19 loss in FY 2021). Revenue: ₹913.1m (up 65% from FY 2021). Net income: ₹34.8m (up ₹46.9m from FY 2021). Profit margin: 3.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 18% share price gain to ₹89.70, the stock trades at a trailing P/E ratio of 52.9x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₹90.00, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 138% over the past three years. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.73 (down from ₹1.15 in 3Q 2021). Revenue: ₹224.5m (up 56% from 3Q 2021). Net income: ₹7.04m (down 35% from 3Q 2021). Profit margin: 3.1% (down from 7.5% 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 fallen by 50% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jan 23
Insider recently sold ₹684k worth of stock On the 18th of January, Yerramilli Rao sold around 5k shares on-market at roughly ₹137 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹3.20 (vs ₹0.061 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹254.0m (up 116% from 2Q 2021). Net income: ₹31.9m (up ₹31.2m from 2Q 2021). Profit margin: 13% (up from 0.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 05
Upcoming dividend of ₹0.80 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 20 September 2021. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 04
Full year 2021 earnings released: ₹1.19 loss per share (vs ₹1.23 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹553.8m (down 22% from FY 2020). Net loss: ₹12.1m (down 196% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jun 12
Full year 2021 earnings released: ₹0.90 loss per share (vs ₹1.23 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹555.7m (down 22% from FY 2020). Net loss: ₹12.1m (down 196% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS ₹1.15 (vs ₹1.49 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: ₹144.3m (down 31% from 3Q 2020). Net income: ₹10.8m (down 27% from 3Q 2020). Profit margin: 7.4% (up from 7.0% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 06
New 90-day high: ₹53.85 The company is up 15% from its price of ₹47.00 on 08 October 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: EPS ₹0.10 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹117.5m (down 31% from 2Q 2020). Net income: ₹693.0k (down 64% from 2Q 2020). Profit margin: 0.6% (down from 1.1% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.