Reported Earnings • Aug 05
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: ₹3.29 (down from ₹4.04 in 2Q 2025). Revenue: ₹6.96b (up 2.5% from 2Q 2025). Net income: ₹572.0m (down 19% from 2Q 2025). Profit margin: 8.2% (down from 10% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Duyuru • Jul 22
KSB Limited to Report Q2, 2026 Results on Aug 04, 2026 KSB Limited announced that they will report Q2, 2026 results on Aug 04, 2026 Reported Earnings • May 05
First quarter 2026 earnings released: EPS: ₹2.28 (vs ₹2.97 in 1Q 2025) First quarter 2026 results: EPS: ₹2.28 (down from ₹2.97 in 1Q 2025). Revenue: ₹6.01b (up 1.0% from 1Q 2025). Net income: ₹398.0m (down 23% from 1Q 2025). Profit margin: 6.6% (down from 8.7% in 1Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 01
Upcoming dividend of ₹4.40 per share Eligible shareholders must have bought the stock before 08 May 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.0%). Duyuru • Apr 16
KSB Limited to Report Q1, 2026 Results on Apr 30, 2026 KSB Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Declared Dividend • Feb 28
Dividend increased to ₹4.40 Dividend of ₹4.40 is 10% higher than last year. Ex-date: 8th May 2026 Payment date: 19th June 2026 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (28% 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 increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Feb 27
KSB Limited announces Annual dividend, payable on June 19, 2026 KSB Limited announced Annual dividend of INR 4.4000 per share payable on June 19, 2026, ex-date on May 08, 2026 and record date on May 08, 2026. Duyuru • Feb 26
KSB Limited, Annual General Meeting, May 20, 2026 KSB Limited, Annual General Meeting, May 20, 2026, at 13:30 Indian Standard Time. Price Target Changed • Feb 26
Price target decreased by 8.1% to ₹825 Down from ₹898, the current price target is provided by 1 analyst. New target price is 5.3% above last closing price of ₹783. Stock is up 29% over the past year. The company is forecast to post earnings per share of ₹18.55 for next year compared to ₹15.54 last year. Duyuru • Feb 11
KSB Limited to Report Q4, 2025 Results on Feb 25, 2026 KSB Limited announced that they will report Q4, 2025 results on Feb 25, 2026 Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: ₹3.88 (up from ₹3.55 in 3Q 2024). Revenue: ₹6.68b (up 8.4% from 3Q 2024). Net income: ₹675.0m (up 9.4% from 3Q 2024). Profit margin: 10% (in line with 3Q 2024). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 18
KSB Limited to Report Q3, 2026 Results on Nov 11, 2025 KSB Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Nov 11, 2025 Reported Earnings • Aug 08
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹4.04 (up from ₹3.91 in 2Q 2024). Revenue: ₹6.79b (up 5.0% from 2Q 2024). Net income: ₹704.0m (up 3.4% from 2Q 2024). Profit margin: 10% (in line with 2Q 2024). Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) also missed analyst estimates by 1.5%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 28
KSB Limited to Report Q2, 2025 Results on Aug 07, 2025 KSB Limited announced that they will report Q2, 2025 results on Aug 07, 2025 New Risk • Jul 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 400% This is considered a major 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. This is currently the only risk that has been identified for the company. Duyuru • May 20
Ksb Limited Declares Final Dividend for the Financial Year 2024 KSB Limited in its annual general meeting held on 15 May, 2025 approved to declare the Final Dividend at the rate of INR 4 per equity share for the Financial Year 2024. Upcoming Dividend • Apr 25
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 14 June 2025. Payout ratio is a comfortable 28% and the cash payout ratio is 80%. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.9%). Duyuru • Apr 18
KSB Limited to Report Q1, 2025 Results on Apr 30, 2025 KSB Limited announced that they will report Q1, 2025 results at 12:15 PM, Indian Standard Time on Apr 30, 2025 Duyuru • Feb 28
KSB Limited, Annual General Meeting, May 15, 2025 KSB Limited, Annual General Meeting, May 15, 2025, at 13:30 Indian Standard Time. Duyuru • Feb 27
KSB Limited Recommends Final Dividend for the Financial Year Ended December 31, 2024 The board of directors of KSB Limited at its meeting held on 27 February, 2025, recommendation of payment of Final Dividend of INR 4 (200%) per equity share on 174,039,220 equity shares (Face Value INR 2 each fully paid up) for the financial year ended on 31st December, 2024 and the same shall be payable subject To Approve the shareholders at the upcoming Annual General Meeting of the Company. The record date for payment of Dividend is 02 May, 2025. Duyuru • Feb 19
KSB Limited to Report Q4, 2024 Results on Feb 27, 2025 KSB Limited announced that they will report Q4, 2024 results on Feb 27, 2025 Duyuru • Jan 16
KSB Limited Announces Cessation of Vegulaparanan Kasi Viswanathan as Non-Executive and Independent Director The Shareholders of KSB Limited at their 59th Annual General Meeting held on 8th May, 2019, approved the re-appointment of Mr. Vegulaparanan Kasi Viswanathan (DIN: 01782934) as Non-Executive and Independent Director of the Company, to hold office for a second term of five years commencing from 16th January, 2020 to 15th January, 2025. The Board of Directors and Management of the Company place on record its appreciation for the invaluable contributions, guidance and services rendered by Mr. Vegulaparanan Kasi Viswanathan during his tenure as Non-Executive and Independent Director of the Company. Membership of the Board Committee(s): Audit Committee: Chairperson; Nomination and Remuneration Committee: Chairperson; Risk Management Committee: Chairperson. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₹3.55 (vs ₹2.87 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.55 (up from ₹2.87 in 3Q 2023). Revenue: ₹6.23b (up 11% from 3Q 2023). Net income: ₹617.0m (up 23% from 3Q 2023). Profit margin: 9.9% (up from 8.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: ₹3.91 (vs ₹3.61 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.91 (up from ₹3.61 in 2Q 2023). Revenue: ₹6.56b (up 11% from 2Q 2023). Net income: ₹681.0m (up 8.4% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 23
KSB Limited to Report Q2, 2024 Results on Aug 01, 2024 KSB Limited announced that they will report Q2, 2024 results on Aug 01, 2024 Upcoming Dividend • Jun 06
Upcoming dividend of ₹17.50 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 27 July 2024. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%). Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: ₹12.82 (vs ₹11.76 in 1Q 2023) First quarter 2024 results: EPS: ₹12.82 (up from ₹11.76 in 1Q 2023). Revenue: ₹5.55b (up 13% from 1Q 2023). Net income: ₹446.0m (up 9.0% from 1Q 2023). Profit margin: 8.0% (down from 8.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 09
KSB Limited to Report Q1, 2024 Results on Apr 26, 2024 KSB Limited announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Mar 01
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₹59.97 (up from ₹52.50 in FY 2022). Revenue: ₹22.8b (up 25% from FY 2022). Net income: ₹2.09b (up 14% from FY 2022). Profit margin: 9.2% (in line with FY 2022). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 9.1%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 29
KSB Limited, Annual General Meeting, Jun 27, 2024 KSB Limited, Annual General Meeting, Jun 27, 2024, at 13:30 Indian Standard Time. Duyuru • Feb 28
KSB Limited Recommends Final Dividend for the Financial Year Ended December 31, 2023 KSB Limited at its board meeting held on February 28, 2024, recommended the payment of Final Dividend of INR 17.5 (175%)per equity share on 3,48,07,844 equity shares (Face Value INR 10 each fully paid up) for the financial year ended December 31, 2023 and the same shall be payable subject To Approve the shareholders at the upcoming Annual General Meeting of the Company to be held on June 27, 2024. Price Target Changed • Feb 28
Price target increased by 14% to ₹3,412 Up from ₹3,005, the current price target is an average from 2 analysts. New target price is 13% below last closing price of ₹3,927. Stock is up 104% over the past year. The company is forecast to post earnings per share of ₹66.00 for next year compared to ₹52.50 last year. Duyuru • Feb 13
KSB Limited to Report Q4, 2023 Results on Feb 28, 2024 KSB Limited announced that they will report Q4, 2023 results on Feb 28, 2024 Duyuru • Dec 30
KSB Limited Announces the Retirement of Farrokh Bhathena as Senior Management Personnel, Effective Effective from December 31, 2023 KSB Limited announced the retirement of Mr. Farrokh Bhathena as Senior Management Personnel, effective Effective from December 31, 2023. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: ₹14.37 (vs ₹11.21 in 3Q 2022) Third quarter 2023 results: EPS: ₹14.37 (up from ₹11.21 in 3Q 2022). Revenue: ₹5.72b (up 33% from 3Q 2022). Net income: ₹501.0m (up 28% from 3Q 2022). Profit margin: 8.8% (down from 9.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 17
KSB Limited to Report Q3, 2023 Results on Nov 02, 2023 KSB Limited announced that they will report Q3, 2023 results on Nov 02, 2023 New Risk • Oct 04
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 7.4% 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 Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹3,122, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 33x in the Machinery industry in India. Total returns to shareholders of 598% over the past three years. Price Target Changed • Aug 08
Price target increased by 16% to ₹2,795 Up from ₹2,408, the current price target is an average from 3 analysts. New target price is 6.7% above last closing price of ₹2,619. Stock is up 71% over the past year. The company is forecast to post earnings per share of ₹68.60 for next year compared to ₹52.50 last year. New Risk • Aug 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: ₹18.04 (vs ₹13.62 in 2Q 2022) Second quarter 2023 results: EPS: ₹18.04 (up from ₹13.62 in 2Q 2022). Revenue: ₹5.91b (up 32% from 2Q 2022). Net income: ₹628.0m (up 33% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹2,718, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 30x in the Machinery industry in India. Total returns to shareholders of 457% over the past three years. Upcoming Dividend • Apr 21
Upcoming dividend of ₹15.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 10 June 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.7%). In line with average of industry peers (0.7%). Price Target Changed • Mar 24
Price target increased by 9.5% to ₹2,264 Up from ₹2,067, the current price target is an average from 2 analysts. New target price is 8.8% above last closing price of ₹2,080. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹67.50 for next year compared to ₹52.50 last year. Reported Earnings • Feb 26
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹52.50 (up from ₹42.92 in FY 2021). Revenue: ₹18.6b (up 25% from FY 2021). Net income: ₹1.83b (up 22% from FY 2021). Profit margin: 9.8% (in line with FY 2021). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Sharmila Roychowdhury was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: ₹11.21 (vs ₹11.18 in 3Q 2021) Third quarter 2022 results: EPS: ₹11.21 (up from ₹11.18 in 3Q 2021). Revenue: ₹4.31b (up 17% from 3Q 2021). Net income: ₹390.0m (flat on 3Q 2021). Profit margin: 9.0% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: ₹13.62 (vs ₹7.82 in 2Q 2021) Second quarter 2022 results: EPS: ₹13.62 (up from ₹7.82 in 2Q 2021). Revenue: ₹4.48b (up 48% from 2Q 2021). Net income: ₹474.0m (up 74% from 2Q 2021). Profit margin: 11% (up from 9.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 24
Price target increased to ₹1,628 Up from ₹1,337, the current price target is an average from 2 analysts. New target price is 10% above last closing price of ₹1,474. Stock is up 47% over the past year. The company is forecast to post earnings per share of ₹51.00 for next year compared to ₹42.92 last year. Reported Earnings • May 13
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: ₹11.61 (down from ₹12.61 in 1Q 2021). Revenue: ₹4.27b (up 12% from 1Q 2021). Net income: ₹404.0m (down 8.0% from 1Q 2021). Profit margin: 9.5% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Sharmila Roychowdhury was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 21
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: ₹42.92 (up from ₹26.94 in FY 2020). Revenue: ₹15.0b (up 24% from FY 2020). Net income: ₹1.49b (up 59% from FY 2020). Profit margin: 10.0% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: ₹42.92 (up from ₹26.94 in FY 2020). Revenue: ₹15.0b (up 24% from FY 2020). Net income: ₹1.49b (up 59% from FY 2020). Profit margin: 10.0% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 24% 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 • Nov 12
Third quarter 2021 earnings released: EPS ₹11.18 (vs ₹12.27 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹3.68b (up 1.6% from 3Q 2020). Net income: ₹389.0m (down 8.9% from 3Q 2020). Profit margin: 11% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS ₹7.82 (vs ₹2.36 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹3.11b (up 42% from 2Q 2020). Net income: ₹272.0m (up 232% from 2Q 2020). Profit margin: 8.7% (up from 3.7% in 2Q 2020). The increase in margin was driven by higher revenue. Price Target Changed • Jul 24
Price target increased to ₹1,121 Up from ₹989, the current price target is an average from 2 analysts. New target price is 7.8% above last closing price of ₹1,039. Stock is up 100% over the past year. Reported Earnings • Apr 10
Full year 2020 earnings released: EPS ₹26.94 (vs ₹28.94 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₹12.1b (down 6.6% from FY 2019). Net income: ₹937.8m (down 6.9% from FY 2019). Profit margin: 7.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Apr 08
Upcoming dividend of ₹8.50 per share Eligible shareholders must have bought the stock before 15 April 2021. Payment date: 29 May 2021. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.9%). In line with average of industry peers (1.0%). Reported Earnings • Feb 27
Full year 2020 earnings released: EPS ₹26.94 (vs ₹28.94 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₹12.4b (down 4.4% from FY 2019). Net income: ₹938.0m (down 6.9% from FY 2019). Profit margin: 7.6% (down from 7.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue misses expectations Revenue missed analyst estimates by 6.6%. Is New 90 Day High Low • Feb 25
New 90-day high: ₹710 The company is up 25% from its price of ₹569 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ₹666 The company is up 43% from its price of ₹466 on 14 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 32% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: ₹644 The company is up 35% from its price of ₹478 on 29 September 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: ₹573 The company is up 3.0% from its price of ₹556 on 26 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 7.0% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS ₹12.27 The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: ₹3.69b (flat on 3Q 2019). Net income: ₹427.0m (up 66% from 3Q 2019). Profit margin: 12% (up from 7.0% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.