Reported Earnings • May 14
Full year 2026 earnings released: EPS: ₹14.28 (vs ₹2.23 loss in FY 2025) Full year 2026 results: EPS: ₹14.28 (up from ₹2.23 loss in FY 2025). Revenue: ₹1.80b (up ₹1.79b from FY 2025). Net income: ₹128.5m (up ₹148.6m from FY 2025). Profit margin: 7.1% (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 increased by 73% per year and the company’s share price has also increased by 73% per year. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹17.33, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 433% over the past three years. Duyuru • May 02
Gravity (India) Limited to Report Q4, 2026 Results on May 05, 2026 Gravity (India) Limited announced that they will report Q4, 2026 results on May 05, 2026 Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹13.67, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 309% over the past three years. New Risk • Apr 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 7x increase in shares outstanding. 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Market cap is less than US$10m (₹874.6m market cap, or US$9.45m). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹13.04, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 228% over the past three years. Duyuru • Feb 27
Gravity (India) Limited has filed a Follow-on Equity Offering in the amount of INR 700 million. Gravity (India) Limited has filed a Follow-on Equity Offering in the amount of INR 700 million.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹14.52, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 267% over the past three years. Reported Earnings • Feb 08
Third quarter 2026 earnings released: EPS: ₹5.00 (vs ₹0.37 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.00 (up from ₹0.37 in 3Q 2025). Revenue: ₹595.2m (up ₹595.2m from 3Q 2025). Net income: ₹45.0m (up ₹41.7m from 3Q 2025). Profit margin: 7.6% (down from 20,806% in 3Q 2025). 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 40% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 02
Gravity (India) Limited to Report Q3, 2026 Results on Feb 06, 2026 Gravity (India) Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹12.51, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 191% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹9.76, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 98% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹8.15, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 22x in the Luxury industry in India. Total returns to shareholders of 73% over the past three years. New Risk • Nov 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.5% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.5% average weekly change). High level of non-cash earnings (32% accrual ratio). Market cap is less than US$10m (₹69.9m market cap, or US$789.9k). Minor Risk Revenue is less than US$5m (₹208m revenue, or US$2.4m). Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹1.61 (vs ₹1.54 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹1.61 (up from ₹1.54 loss in 2Q 2025). Revenue: ₹205.0m (up ₹204.0m from 2Q 2025). Net income: ₹14.5m (up ₹28.3m from 2Q 2025). Profit margin: 7.1% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Duyuru • Nov 07
Gravity (India) Limited to Report Q2, 2026 Results on Nov 13, 2025 Gravity (India) Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Duyuru • Oct 02
Gravity (India) Limited Approves Regularization of Directors Gravity (India) Limited at AGM held on September 30, 2025 approved regularization of Mr. Manoj Kanhiyalal Ramavat who was appointed as Additional Director of the company and designate him as the Managing Director. Regularization of Ms. Ambika Jindal (DIN: 10310252) who was appointed as Additional Director and designate her as Non-Executive Non-Independent Director. Regularization of Appointment of Mr. Tushar Rai Sharma (DIN: 09211414) who was appointed as Additional Director and designate him as Non-Executive Independent Director. Regularization of appointment of Ms Komal HardikKumar Patel who was appointed as Additional Independent Director and designate her as Independent Director. Duyuru • Sep 04
Gravity (India) Limited, Annual General Meeting, Sep 30, 2025 Gravity (India) Limited, Annual General Meeting, Sep 30, 2025, at 13:00 Indian Standard Time. Recent Insider Transactions • Aug 26
Chairman recently sold ₹1.0m worth of stock On the 20th of August, Varun Thakkar sold around 163k shares on-market at roughly ₹6.38 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹2.2m. Varun has been a net seller over the last 12 months, reducing personal holdings by ₹2.5m. Reported Earnings • Aug 15
First quarter 2026 earnings released First quarter 2026 results: Net income: ₹660.0k (up ₹7.26m from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Duyuru • Aug 06
Gravity (India) Limited to Report Q1, 2026 Results on Aug 12, 2025 Gravity (India) Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jun 21
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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹3.9m free cash flow). Earnings have declined by 71% per year over the past 5 years. Revenue is less than US$1m (₹12m revenue, or US$141k). Market cap is less than US$10m (₹59.1m market cap, or US$681.7k). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Recent Insider Transactions • Jun 05
Non-Executive Non-Independent Director recently sold ₹2.2m worth of stock On the 2nd of June, Dakshaben Thakkar sold around 431k shares on-market at roughly ₹5.17 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹4.7m more than they bought in the last 12 months. Recent Insider Transactions • May 13
Non-Executive Non-Independent Director recently sold ₹555k worth of stock On the 8th of May, Dakshaben Thakkar sold around 121k shares on-market at roughly ₹4.57 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.4m more than they bought in the last 12 months. Reported Earnings • Apr 25
Full year 2025 earnings released: ₹2.23 loss per share (vs ₹6.85 loss in FY 2024) Full year 2025 results: ₹2.23 loss per share (improved from ₹6.85 loss in FY 2024). Revenue: ₹19.7m (down 13% from FY 2024). Net loss: ₹20.1m (loss narrowed 68% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Duyuru • Apr 11
Gravity (India) Limited to Report Fiscal Year 2025 Results on Apr 23, 2025 Gravity (India) Limited announced that they will report fiscal year 2025 results on Apr 23, 2025 Recent Insider Transactions • Feb 22
Chairman & MD recently sold ₹344k worth of stock On the 20th of February, Varun Thakkar sold around 75k shares on-market at roughly ₹4.59 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Varun's only on-market trade for the last 12 months. Duyuru • Feb 03
Gravity (India) Limited Appoints Geetanjali Malik as Company Secretary & Compliance Officer Gravity (India) Limited announced that Ms. Geetanjali Malik has been appointed as company secretary & compliance officer (key managerial personnel) of the company with effect from 1 February 2025. Ms. Geetanjali Malik is the Associate member of ICSL She proficient in corporate governance, regulatory compliance, and stakeholder management. With a strong understanding of corporate laws and best practices, she ensures seamless board operations, legal adherence, and strategic business support. Skilled in handling corporate filings. Reported Earnings • Feb 02
Third quarter 2025 earnings released: EPS: ₹0.37 (vs ₹3.18 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.37 (up from ₹3.18 loss in 3Q 2024). Revenue: ₹7.52m (up 127% from 3Q 2024). Net income: ₹3.33m (up ₹31.7m from 3Q 2024). Profit margin: 44% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Board Change • Jan 29
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. 1 experienced director. 2 highly experienced directors. Non-Executive Independent Director Samir Bipin Ruparelia 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. Duyuru • Jan 23
Gravity (India) Limited to Report Q3, 2025 Results on Feb 01, 2025 Gravity (India) Limited announced that they will report Q3, 2025 results at 3:30 PM, Indian Standard Time on Feb 01, 2025 Reported Earnings • Oct 26
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₹1.06m (down 88% from 2Q 2024). Net loss: ₹13.8m (loss widened ₹12.0m from 2Q 2024). Duyuru • Oct 24
Gravity (India) Limited Announces Resignation of Shreya Chawak as Company Secretary and Compliance Officer Gravity (India) Limited at its board meeting held on October 24, 2024, announced the resignation of Ms. Shreya Chawak from the post of Company Secretary and Compliance Officer of the Company. Duyuru • Oct 16
Gravity (India) Limited to Report Q2, 2025 Results on Oct 24, 2024 Gravity (India) Limited announced that they will report Q2, 2025 results on Oct 24, 2024 Reported Earnings • Aug 08
First quarter 2025 earnings released: ₹0.73 loss per share (vs ₹0.33 loss in 1Q 2024) First quarter 2025 results: ₹0.73 loss per share (further deteriorated from ₹0.33 loss in 1Q 2024). Revenue: ₹11.4m (up 57% from 1Q 2024). Net loss: ₹6.60m (loss widened 123% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 04
Full year 2024 earnings released: ₹6.85 loss per share (vs ₹1.11 loss in FY 2023) Full year 2024 results: ₹6.85 loss per share (further deteriorated from ₹1.11 loss in FY 2023). Revenue: ₹22.8m (down 78% from FY 2023). Net loss: ₹61.6m (loss widened ₹51.7m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 140 percentage points per year, which is a significant difference in performance. New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹8.8m free cash flow). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 33% per year over the past 5 years. Revenue is less than US$1m (₹72m revenue, or US$860k). Market cap is less than US$10m (₹39.2m market cap, or US$471.2k). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). 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 8.5% 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 Less than 1 year of cash runway based on free cash flow trend (-₹8.8m free cash flow). Earnings have declined by 33% per year over the past 5 years. Revenue is less than US$1m (₹72m revenue, or US$857k). Market cap is less than US$10m (₹38.3m market cap, or US$458.9k). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Duyuru • Jan 23
Gravity (India) Limited to Report Q3, 2024 Results on Feb 01, 2024 Gravity (India) Limited announced that they will report Q3, 2024 results on Feb 01, 2024 Duyuru • Oct 21
Gravity (India) Limited to Report Q2, 2024 Results on Nov 01, 2023 Gravity (India) Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Duyuru • Aug 30
Gravity (India) Limited, Annual General Meeting, Sep 27, 2023 Gravity (India) Limited, Annual General Meeting, Sep 27, 2023, at 13:00 Indian Standard Time. Reported Earnings • Aug 05
First quarter 2024 earnings released: ₹0.33 loss per share (vs ₹0.40 loss in 1Q 2023) First quarter 2024 results: ₹0.33 loss per share (improved from ₹0.40 loss in 1Q 2023). Revenue: ₹7.36m (down 70% from 1Q 2023). Net loss: ₹2.96m (loss narrowed 17% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Duyuru • Jul 25
Gravity (India) Limited to Report Q1, 2024 Results on Aug 03, 2023 Gravity (India) Limited announced that they will report Q1, 2024 results on Aug 03, 2023 New Risk • Jul 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.7% 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 Less than 1 year of cash runway based on free cash flow trend (-₹14m free cash flow). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 3.7% per year over the past 5 years. Market cap is less than US$10m (₹32.9m market cap, or US$399.2k). Minor Risk Revenue is less than US$5m (₹102m revenue, or US$1.2m). Reported Earnings • May 31
Full year 2023 earnings released: ₹1.11 loss per share (vs ₹0.092 profit in FY 2022) Full year 2023 results: ₹1.11 loss per share (down from ₹0.092 profit in FY 2022). Revenue: ₹102.7m (down 20% from FY 2022). Net loss: ₹9.95m (down ₹10.8m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: ₹0.06 (vs ₹0.07 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.06 (down from ₹0.07 in 3Q 2022). Revenue: ₹16.1m (down 60% from 3Q 2022). Net income: ₹546.0k (down 10.0% from 3Q 2022). Profit margin: 3.4% (up from 1.5% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Duyuru • Jan 31
Gravity (India) Limited to Report Q3, 2023 Results on Feb 07, 2023 Gravity (India) Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 07, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: ₹0.06 loss per share (vs ₹0.36 profit in 2Q 2022) Second quarter 2023 results: ₹0.06 loss per share (down from ₹0.36 profit in 2Q 2022). Revenue: ₹22.5m (down 29% from 2Q 2022). Net loss: ₹499.0k (down 116% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance. 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. 2 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Samir Bipin Ruparelia 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. Reported Earnings • Nov 12
Second quarter 2023 earnings released: ₹0.06 loss per share (vs ₹0.36 profit in 2Q 2022) Second quarter 2023 results: ₹0.06 loss per share (down from ₹0.36 profit in 2Q 2022). Revenue: ₹22.5m (down 29% from 2Q 2022). Net loss: ₹499.0k (down 116% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 150 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 12
Second quarter 2023 earnings released: ₹0.06 loss per share (vs ₹0.36 profit in 2Q 2022) Second quarter 2023 results: ₹0.06 loss per share (down from ₹0.36 profit in 2Q 2022). Revenue: ₹22.5m (down 29% from 2Q 2022). Net loss: ₹499.0k (down 116% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 150 percentage points per year, which is a significant difference in performance. Duyuru • Nov 05
Gravity (India) Limited to Report Q2, 2023 Results on Nov 10, 2022 Gravity (India) Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 10, 2022 Board Change • Sep 02
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. 2 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Samir Bipin Ruparelia 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. Reported Earnings • Aug 12
First quarter 2023 earnings released: ₹0.40 loss per share (vs ₹0.25 loss in 1Q 2022) First quarter 2023 results: ₹0.40 loss per share (down from ₹0.25 loss in 1Q 2022). Revenue: ₹24.6m (up 334% from 1Q 2022). Net loss: ₹3.57m (loss widened 55% from 1Q 2022). 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. Duyuru • Aug 03
Gravity (India) Limited, Annual General Meeting, Aug 26, 2022 Gravity (India) Limited, Annual General Meeting, Aug 26, 2022, at 13:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹3.30, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹4.08, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 176% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹3.69, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 81% over the past three years. Duyuru • May 19
Gravity (India) Limited to Report Q4, 2022 Results on May 25, 2022 Gravity (India) Limited announced that they will report Q4, 2022 results on May 25, 2022 Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 21% share price gain to ₹6.35, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 232% over the past three years. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.07 (up from ₹0.15 loss in 3Q 2021). Revenue: ₹40.4m (up ₹39.4m from 3Q 2021). Net income: ₹607.0k (up ₹2.00m from 3Q 2021). Profit margin: 1.5% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₹7.28, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 15% share price gain to ₹6.55, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 129% over the past three years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₹5.26, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 45% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹0.36 (vs ₹0.07 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹32.2m (up ₹31.2m from 2Q 2021). Net income: ₹3.22m (up ₹3.88m from 2Q 2021). Profit margin: 10.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Jul 02
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹24.9m (down 85% from FY 2020). Net loss: ₹2.87m (down 190% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 17% share price gain to ₹2.92, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 21% share price gain to ₹2.22, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improved over the past week After last week's 26% share price gain to ₹2.34, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 18x in the Luxury industry in India. Total loss to shareholders of 26% over the past three years. Is New 90 Day High Low • Mar 15
New 90-day high: ₹1.94 The company is up 47% from a price of ₹1.32 on 15 December 2020. Outperformed the Indian market which is up 14% over the last 90 days. Exceeded the Luxury industry, which is up 12% over the same period. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1.57, the stock is trading at a trailing P/E ratio of 4.4x, up from the previous P/E ratio of 3.8x. This compares to an average P/E of 18x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 58%. Reported Earnings • Feb 12
Third quarter 2021 earnings released: ₹0.15 loss per share (vs ₹0.06 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₹932.0k (down 98% from 3Q 2020). Net loss: ₹1.39m (loss widened 162% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Executive Departure • Feb 08
Company Secretary & Compliance Officer has left the company On the 31st of January, Shweta Jain's tenure as Company Secretary & Compliance Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Shweta's name. A total of 2 executives have left over the last 12 months. Duyuru • Feb 04
Gravity (India) Limited to Report Q3, 2021 Results on Feb 10, 2021 Gravity (India) Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Duyuru • Feb 02
Gravity (India) Ltd. Announces Resignation of Shweta Jain as Company Secretary and Compliance Officer Gravity (India) Limited announced the resignation of Ms. Shweta Jain as Company Secretary and Compliance Officer of the Company. Is New 90 Day High Low • Jan 08
New 90-day high: ₹1.54 The company is up 13% from its price of ₹1.36 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 27% over the same period. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 19% share price gain to ₹1.24, the stock is trading at a trailing P/E ratio of 2.5x, up from the previous P/E ratio of 2.1x. This compares to an average P/E of 16x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 50%. Is New 90 Day High Low • Nov 10
New 90-day low: ₹1.09 The company is down 11% from its price of ₹1.23 on 12 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Nov 06
Market pulls back on stock over the past week After last week's 17% share price decline to ₹1.19, the stock is trading at a trailing P/E ratio of 2.4x, down from the previous P/E ratio of 2.9x. This compares to an average P/E of 15x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 64%. Is New 90 Day High Low • Oct 06
New 90-day high: ₹1.43 The company is up 9.0% from its price of ₹1.31 on 08 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 13% over the same period. Duyuru • Aug 26
Gravity (India) Limited to Report Q1, 2021 Results on Sep 02, 2020 Gravity (India) Limited announced that they will report Q1, 2021 results on Sep 02, 2020