Tillkännagivande • Jul 28
Simplex Realty Limited to Report Q1, 2027 Results on Aug 05, 2026 Simplex Realty Limited announced that they will report Q1, 2027 results on Aug 05, 2026 New Risk • Jul 27
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 7.5% 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: Major Risks Earnings have declined by 22% per year over the past 5 years. Market cap is less than US$10m (₹400.5m market cap, or US$4.17m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Revenue is less than US$5m (₹129m revenue, or US$1.3m). Board Change • Jul 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non- Executive Independent Director Sita Sunil was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 15
Full year 2026 earnings released: ₹12.53 loss per share (vs ₹4.35 profit in FY 2025) Full year 2026 results: ₹12.53 loss per share (down from ₹4.35 profit in FY 2025). Revenue: ₹129.0m (up 169% from FY 2025). Net loss: ₹37.5m (down 388% from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Reported Earnings • May 23
Full year 2026 earnings released: ₹12.53 loss per share (vs ₹4.35 profit in FY 2025) Full year 2026 results: ₹12.53 loss per share (down from ₹4.35 profit in FY 2025). Revenue: ₹157.6m (up 229% from FY 2025). Net loss: ₹37.5m (down 388% from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 20
Simplex Realty Limited, Annual General Meeting, Aug 05, 2026 Simplex Realty Limited, Annual General Meeting, Aug 05, 2026. Tillkännagivande • May 11
Simplex Realty Limited to Report Q4, 2026 Results on May 20, 2026 Simplex Realty Limited announced that they will report Q4, 2026 results on May 20, 2026 Reported Earnings • Feb 12
Third quarter 2026 earnings released: ₹1.21 loss per share (vs ₹1.57 profit in 3Q 2025) Third quarter 2026 results: ₹1.21 loss per share (down from ₹1.57 profit in 3Q 2025). Net loss: ₹3.62m (down 177% from profit in 3Q 2025). 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 26% per year, which means it is well ahead of earnings. Tillkännagivande • Jan 21
Simplex Realty Limited to Report Q3, 2026 Results on Feb 11, 2026 Simplex Realty Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 11, 2026 New Risk • Jan 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 7.0% 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 Revenue is less than US$1m (₹44m revenue, or US$483k). Market cap is less than US$10m (₹480.4m market cap, or US$5.32m). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Nov 14
Second quarter 2026 earnings released: ₹0.88 loss per share (vs ₹0.58 profit in 2Q 2025) Second quarter 2026 results: ₹0.88 loss per share (down from ₹0.58 profit in 2Q 2025). Net loss: ₹2.63m (down 251% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Tillkännagivande • Nov 03
Simplex Realty Limited to Report Q2, 2026 Results on Nov 13, 2025 Simplex Realty Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Tillkännagivande • Jul 30
Simplex Realty Limited to Report Q1, 2026 Results on Aug 06, 2025 Simplex Realty Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • Jul 12
Full year 2025 earnings released: EPS: ₹4.35 (vs ₹17.09 in FY 2024) Full year 2025 results: EPS: ₹4.35 (down from ₹17.09 in FY 2024). Revenue: ₹48.0m (up 162% from FY 2024). Net income: ₹13.0m (down 75% from FY 2024). Profit margin: 27% (down from 280% in FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jul 01
Joint MD & Chairman recently bought ₹122k worth of stock On the 30th of June, Nandan Damani bought around 610 shares on-market at roughly ₹201 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹224k. Nandan has been a buyer over the last 12 months, purchasing a net total of ₹344k worth in shares. Recent Insider Transactions • May 30
Insider recently bought ₹224k worth of stock On the 28th of May, Shashi Patodia bought around 1k shares on-market at roughly ₹204 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹713k more in shares than they have sold in the last 12 months. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹4.35 (vs ₹17.09 in FY 2024) Full year 2025 results: EPS: ₹4.35 (down from ₹17.09 in FY 2024). Revenue: ₹126.0m (up ₹107.7m from FY 2024). Net income: ₹13.0m (down 75% from FY 2024). Profit margin: 10% (down from 280% in FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 21
Simplex Realty Limited, Annual General Meeting, Aug 06, 2025 Simplex Realty Limited, Annual General Meeting, Aug 06, 2025. Tillkännagivande • May 13
Simplex Realty Limited to Report Q4, 2025 Results on May 21, 2025 Simplex Realty Limited announced that they will report Q4, 2025 results on May 21, 2025 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹222, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 33x in the Real Estate industry in India. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹178, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 93% over the past three years. New Risk • Feb 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 8.1% 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 Risks Revenue is less than US$1m (₹49m revenue, or US$565k). Market cap is less than US$10m (₹568.1m market cap, or US$6.55m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (45% net profit margin). Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹1.57 (vs ₹1.74 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.57 (down from ₹1.74 in 3Q 2024). Revenue: ₹34.1m (up ₹31.5m from 3Q 2024). Net income: ₹4.69m (down 10.0% from 3Q 2024). Profit margin: 14% (down from 202% in 3Q 2024). 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 22% per year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹185, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 31x in the Real Estate industry in India. Total returns to shareholders of 90% over the past three years. Tillkännagivande • Jan 28
Simplex Realty Limited to Report Q3, 2025 Results on Feb 06, 2025 Simplex Realty Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Tillkännagivande • Dec 26
Simplex Realty Limited Approves Appointment of Pooja Paresh Bagawe as Company Secretary and Compliance Officer Simplex Realty Limited approved the appointment of Mrs. Pooja Paresh Bagawe (ACS 33353) as Company Secretary and Compliance Officer and designated as Key Managerial Personnel of the Company with effect from 26th December, 2024. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹202, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 34x in the Real Estate industry in India. Total returns to shareholders of 108% over the past three years. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: ₹0.58 (vs ₹0.18 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.58 (up from ₹0.18 in 2Q 2024). Revenue: ₹2.65m (up 20% from 2Q 2024). Net income: ₹1.74m (up 229% from 2Q 2024). Profit margin: 66% (up from 24% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Sep 27
Simplex Realty Limited to Report First Half, 2025 Results on Oct 28, 2024 Simplex Realty Limited announced that they will report first half, 2025 results on Oct 28, 2024 Tillkännagivande • Sep 24
Simplex Realty Limited Announces Resignation of Ipshita Rohit Dube as Company Secretary and Compliance Officer, Effective September 30, 2024 Simplex Realty Limited announced that Mrs. Ipshita Rohit Dube, Company Secretary and Compliance Officer, Key Managerial Personnel (KMP) of the Company, has tendered her resignation vide letter dated 24th September, 2024, with effect from close of business hours on 30th September, 2024 due to personal reasons. New Risk • Aug 28
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 8.4% 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 Revenue is less than US$1m (₹49m revenue, or US$578k). Market cap is less than US$10m (₹679.9m market cap, or US$8.10m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (44% net profit margin). Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to ₹227, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 192% over the past three years. Tillkännagivande • Aug 09
Simplex Realty Limited Announces Change in Designation of Shri Sanjay N Damani from Whole Time Director to Joint Managing Director Simplex Realty Limited at the AGM held on 7 August 2024, approved the change in designation of Shri Sanjay N Damani from whole time Director to Joint managing Director. Tillkännagivande • Aug 08
Simplex Realty Limited Announces Board Changes Simplex Realty Limited announced the appointment of Shri Satyan S Israni as an independent Director. Also announced the change in designation of shri sanjay N Damani from whole time Director to Joint managing Director. Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: ₹3.22 (vs ₹13.19 in 1Q 2024) First quarter 2025 results: EPS: ₹3.22 (down from ₹13.19 in 1Q 2024). Revenue: ₹56.6m (up 475% from 1Q 2024). Net income: ₹9.63m (down 76% from 1Q 2024). Profit margin: 17% (down from 401% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 24
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 31 July 2024. Payment date: 06 September 2024. Payout ratio is a comfortable 5.9% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.4%). Tillkännagivande • Jul 22
Simplex Realty Limited to Report Q1, 2025 Results on Aug 07, 2024 Simplex Realty Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Declared Dividend • May 23
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 31st July 2024 Payment date: 6th September 2024 Dividend yield will be 0.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 23
Simplex Realty Limited, Annual General Meeting, Aug 07, 2024 Simplex Realty Limited, Annual General Meeting, Aug 07, 2024. Reported Earnings • May 22
Full year 2024 earnings released: EPS: ₹17.09 (vs ₹4.24 in FY 2023) Full year 2024 results: EPS: ₹17.09 (up from ₹4.24 in FY 2023). Revenue: ₹84.7m (up 436% from FY 2023). Net income: ₹51.1m (up 303% from FY 2023). Profit margin: 60% (down from 80% in FY 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 26
Simplex Realty Limited to Report Q4, 2024 Results on May 21, 2024 Simplex Realty Limited announced that they will report Q4, 2024 results on May 21, 2024 New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹17m revenue, or US$203k). Market cap is less than US$10m (₹460.1m market cap, or US$5.51m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Tillkännagivande • Apr 05
Simplex Realty Limited Appoints Ipshita Rohit Dube as Company Secretary, Compliance Officer and Key Managerial Personnel Simplex Realty Limited announced that the Board of Directors of the Company at its meeting held on 5th April, 2024, has approved the appointment of Mrs. Ipshita Rohit Dube (ACS 45599) as Company Secretary and Compliance Officer and designated as Key Managerial Personnel of the Company with effect from 5th April, 2024. Educational Qualification: Member of the Institute of the Company Secretaries (Membership ACS A45599) and Commerce graduate from University of Kolkata. Background: She has more than 7 years of experience in managing company secretarial matter and also in the area of Corporate Governance. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₹122, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 155% over the past three years. Reported Earnings • Jan 25
Third quarter 2024 earnings released: EPS: ₹1.74 (vs ₹0.15 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.74 (up from ₹0.15 in 3Q 2023). Net income: ₹5.21m (up ₹4.76m from 3Q 2023). 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 40% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 24
Simplex Realty Limited Approves Board Changes Simplex Realty Limited announced that the board of directors of the company at its meeting held on 24 January 2024, considered and approved the appointment of Shri Navratan Damani as an additional director in the capacity of non-executive independent director for a term of five consecutive years with effect from January 4, 2024 to March 31, 2029. Reason for change: Shri Vishnubhai Haribhakti, non-executive independent director will be completing his second term of five consecutive years on March 31, 2024. Date of appointment is April 1, 2024. Shri Navratan Damani is a Science Graduate, from Mumbai University. He has more than 50 years of experience in various industries including textiles, chemicals, non-ferrous metals construction and plastic tapes. Earlier he was Managing Director of Multimetals Ltd. Thereafter he was Joint Managing Director of The Jamshri Ranjitsinghji Spg, & weaving Mills Company Limited. At present he is Managing Director of Chatur Properties Private Ltd. looking after real estate development at Solapur, Maharashtra. He is also involved with many charitable and social institutions and participating in social, cultural and religious activities. Tillkännagivande • Jan 11
Simplex Realty Limited to Report Q3, 2024 Results on Jan 24, 2024 Simplex Realty Limited announced that they will report Q3, 2024 results on Jan 24, 2024 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹142, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 181% over the past three years. Tillkännagivande • Jan 02
Simplex Realty Limited Announces Resignation of Kinjal P Shah as Company Secretary and Compliance Officer, Effective 25 January 2024 Simplex Realty Limited announced resignation of Mrs. Kinjal P Shah as Company Secretary and Compliance Officer, effective from 25 January 2024. Resignation is due to personal reasons. Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹0.18 (vs ₹0.91 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.18 (down from ₹0.91 in 2Q 2023). Net income: ₹528.0k (down 81% from 2Q 2023). 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 38% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 03
Simplex Realty Limited Appoints Jaimin Desai as Chief Financial Officer Simplex Realty Limited announced that at its Board of Directors of the Company at its meeting held on 2nd November, 2023, Based on the recommendation of the Nomination and Remuneration Committee and approval of the Audit Committee, Mr. Jaimin Desai has been appointed as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from 2 November, 2023. Mr. Jaimin Desai is a Chartered Accountant and Company Secretary by qualification. He is having 12+ years of work experience in the field of Accounts, finance, taxation, budgeting, fund flow, Company Law, audit, banking, due diligence, He has worked with manufacturing, service industry and Real estate sector. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹111, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 170% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹130, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 208% over the past three years. Tillkännagivande • Oct 06
Simplex Realty Limited to Report Q2, 2024 Results on Nov 02, 2023 Simplex Realty Limited announced that they will report Q2, 2024 results on Nov 02, 2023 Tillkännagivande • Aug 04
Simplex Realty Limited Approves Dividend for the Financial Year 2022-23 Simplex Realty Limited at its AGM held on August 2, 2023 approved dividend amounting to INR 1/- per share (i.e. 10%) for the financial year 2022-23. New Risk • Aug 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 233% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Revenue is less than US$1m (₹16m revenue, or US$195k). Market cap is less than US$10m (₹309.4m market cap, or US$3.73m). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Tillkännagivande • Jul 26
Simplex Realty Limited Announces Resignation of Surendra Kabra as Chief Financial Officer, Effective August 7, 2023 Simplex Realty Limited announced that Mr. Surendra Kabra- Chief Financial Officer and Key Managerial Personnel (KMP) of the Company, has tendered his resignation vide letter dated July 25, 2023, with effect from August 7, 2023, due to personal reasons. Mr. Surendra Kabra will also cease to be a Key Managerial Personnel under the provisions of section 203 and other applicable provisions of the Companies Act, 2013. Upcoming Dividend • Jul 19
Upcoming dividend of ₹1.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 26 July 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.6%). Tillkännagivande • Jul 14
Simplex Realty Limited to Report Q1, 2023 Results on Aug 03, 2023 Simplex Realty Limited announced that they will report Q1, 2023 results on Aug 03, 2023 Reported Earnings • Jul 10
Full year 2023 earnings released: EPS: ₹4.24 (vs ₹5.93 in FY 2022) Full year 2023 results: EPS: ₹4.24 (down from ₹5.93 in FY 2022). Revenue: ₹15.8m (down 20% from FY 2022). Net income: ₹12.7m (down 28% from FY 2022). Profit margin: 80% (down from 89% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 38% per year. New Risk • Jun 09
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 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Revenue is less than US$1m (₹16m revenue, or US$192k). Market cap is less than US$10m (₹249.8m market cap, or US$3.03m). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 18
Full year 2023 earnings released: EPS: ₹4.24 (vs ₹5.93 in FY 2022) Full year 2023 results: EPS: ₹4.24 (down from ₹5.93 in FY 2022). Revenue: ₹76.8m (up 287% from FY 2022). Net income: ₹12.7m (down 28% from FY 2022). Profit margin: 17% (down from 89% 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 36% per year whereas the company’s share price has increased by 32% per year. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹80.91, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 25x in the Real Estate industry in India. Total returns to shareholders of 143% over the past three years. Reported Earnings • Feb 03
Third quarter 2023 earnings released: EPS: ₹0.15 (vs ₹0.84 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.15 (down from ₹0.84 in 3Q 2022). Revenue: ₹2.03m (down 7.5% from 3Q 2022). Net income: ₹447.0k (down 82% from 3Q 2022). Profit margin: 22% (down from 114% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.91 (vs ₹1.67 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.91 (down from ₹1.67 in 2Q 2022). Revenue: ₹16.9m (up 24% from 2Q 2022). Net income: ₹2.72m (down 46% from 2Q 2022). Profit margin: 16% (down from 37% 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 61% per year but the company’s share price has only increased by 22% 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. 5 highly experienced directors. Non-Executive Director Praveen Kumar 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. Tillkännagivande • Oct 21
Simplex Realty Limited to Report Q2, 2023 Results on Nov 12, 2022 Simplex Realty Limited announced that they will report Q2, 2023 results on Nov 12, 2022 Tillkännagivande • Jul 22
Simplex Realty Limited to Report Q1, 2023 Results on Aug 08, 2022 Simplex Realty Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Upcoming Dividend • Jul 19
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 26 July 2022. Payment date: 02 September 2022. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.7%). Reported Earnings • Jul 14
Full year 2022 earnings released: EPS: ₹5.93 (vs ₹1.85 in FY 2021) Full year 2022 results: EPS: ₹5.93 (up from ₹1.85 in FY 2021). Revenue: ₹19.8m (down 52% from FY 2021). Net income: ₹17.7m (up 220% from FY 2021). Profit margin: 89% (up from 13% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 27
Full year 2022 earnings released: EPS: ₹5.93 (vs ₹1.85 in FY 2021) Full year 2022 results: EPS: ₹5.93 (up from ₹1.85 in FY 2021). Revenue: ₹77.5m (up 87% from FY 2021). Net income: ₹17.7m (up 220% from FY 2021). Profit margin: 23% (up from 13% 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 38% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 19
Simplex Realty Limited Announces Resignation of Renu Jain as Non- Executive Director Simplex Realty Limited announced Ms. Renu Jain, has tendered her resignation from the position of Non- Executive Director of the Company with effect from 18th May, 2022. Tillkännagivande • May 15
Simplex Realty Limited to Report Q4, 2022 Results on May 25, 2022 Simplex Realty Limited announced that they will report Q4, 2022 results on May 25, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Non-Executive Director Renu Jain was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 15% share price gain to ₹103, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 74% 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: ₹0.84 (down from ₹0.85 in 3Q 2021). Revenue: ₹2.19m (down 74% from 3Q 2021). Net income: ₹2.50m (down 1.9% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 08
Simplex Realty Limited Appoints Mrs. Kinjal P Shah as the Company Secretary and Compliance Officer Simplex Realty Limited announced that at its board meeting held on February 7, 2022, the board approved the appointment of Mrs. Kinjal P Shah as the company secretary and compliance officer of the company with effect from February 7, 2022. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 24% share price gain to ₹114, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 26x in the Real Estate industry in India. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 24% share price gain to ₹109, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 25x in the Real Estate industry in India. Total returns to shareholders of 91% over the past three years. Board Change • Dec 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. 3 experienced directors. 4 highly experienced directors. Non-Executive Director Renu Jain was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹92.20, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 28% over the past three years. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹1.67 (vs ₹1.73 loss in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: ₹27.6m (down 6.1% from 2Q 2021). Net income: ₹5.01m (up ₹10.2m from 2Q 2021). Profit margin: 18% (up from net loss in 2Q 2021). Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 16% share price gain to ₹87.20, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 35x in the Real Estate industry in India. Total returns to shareholders of 36% over the past three years. Executive Departure • Aug 18
Company Secretary & Compliance Officer Paras Shah has left the company On the 13th of August, Paras Shah's tenure as Company Secretary & Compliance Officer ended after 1.0 years in the role. We don't have any record of a personal shareholding under Paras' name. Paras is the only executive to leave the company over the last 12 months. Reported Earnings • Jul 14
Full year 2021 earnings released: EPS ₹1.85 (vs ₹1.12 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹41.6m (down 54% from FY 2020). Net income: ₹5.53m (up 65% from FY 2020). Profit margin: 13% (up from 3.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 27% share price gain to ₹73.10, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 25x in the Real Estate industry in India. Total loss to shareholders of 18% over the past three years. Reported Earnings • Jun 03
Full year 2021 earnings released: EPS ₹1.85 (vs ₹1.12 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹92.4m (up 1.6% from FY 2020). Net income: ₹5.53m (up 65% from FY 2020). Profit margin: 6.0% (up from 3.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS ₹0.85 (vs ₹3.46 in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2021 results: Revenue: ₹20.6m (up ₹18.6m from 3Q 2020). Net income: ₹2.55m (down 75% from 3Q 2020). Profit margin: 12% (down from 517% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 147% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 04
New 90-day high: ₹54.95 The company is up 30% from its price of ₹42.20 on 06 November 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 50% over the same period. Tillkännagivande • Jan 23
Simplex Realty Limited to Report Q3, 2021 Results on Feb 03, 2021 Simplex Realty Limited announced that they will report Q3, 2021 results on Feb 03, 2021 Is New 90 Day High Low • Jan 19
New 90-day high: ₹54.85 The company is up 28% from its price of ₹43.00 on 20 October 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 43% over the same period. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₹54.85, the stock is trading at a trailing P/E ratio of 17.8x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 17x in the Real Estate industry in India. Total return to shareholders over the past three years is a loss of 51%. Is New 90 Day High Low • Jan 04
New 90-day high: ₹48.30 The company is up 15% from its price of ₹42.00 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 Real Estate industry, which is up 44% over the same period. 
