Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹0.20 (vs ₹0.30 in FY 2025) Full year 2026 results: EPS: ₹0.20 (down from ₹0.30 in FY 2025). Revenue: ₹6.48b (up 17% from FY 2025). Net income: ₹91.5m (down 3.7% from FY 2025). Profit margin: 1.4% (down from 1.7% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Duyuru • May 12
Globe Enterprises (India) Limited to Report Q4, 2026 Results on May 21, 2026 Globe Enterprises (India) Limited announced that they will report Q4, 2026 results on May 21, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2.31, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 12% over the past three years. New Risk • Mar 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹900.8m (US$9.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Market cap is less than US$10m (₹900.8m market cap, or US$9.52m). Reported Earnings • Feb 12
Third quarter 2026 earnings released: EPS: ₹0.04 (vs ₹0.11 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.04 (down from ₹0.11 in 3Q 2025). Revenue: ₹1.61b (up 5.9% from 3Q 2025). Net income: ₹20.2m (down 20% from 3Q 2025). Profit margin: 1.3% (down from 1.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2.90, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 20x in the Luxury industry in India. Total loss to shareholders of 11% over the past three years. New Risk • Dec 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹1.12b market cap, or US$12.5m). Reported Earnings • Nov 05
Second quarter 2026 earnings released: EPS: ₹0.10 (vs ₹0.13 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.10. Revenue: ₹1.59b (up 7.2% from 2Q 2025). Net income: ₹44.6m (up 26% from 2Q 2025). Profit margin: 2.8% (up from 2.4% in 2Q 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹2.71, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 24x in the Luxury industry in India. Total loss to shareholders of 20% over the past three years. Duyuru • Aug 29
Globe Textiles (India) Limited, Annual General Meeting, Sep 26, 2025 Globe Textiles (India) Limited, Annual General Meeting, Sep 26, 2025, at 11:30 Indian Standard Time. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹2.18, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 24x in the Luxury industry in India. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹2.35, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 22x in the Luxury industry in India. Total loss to shareholders of 68% over the past three years. New Risk • Feb 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹858.8m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Market cap is less than US$10m (₹858.8m market cap, or US$9.91m). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹3.13, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 24x in the Luxury industry in India. Total loss to shareholders of 60% over the past three years. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹0.11 (vs ₹0.11 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.11 (in line with 3Q 2024). Revenue: ₹1.52b (up 63% from 3Q 2024). Net income: ₹25.2m (up 54% from 3Q 2024). Profit margin: 1.7% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹4.00, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 29x in the Luxury industry in India. Total loss to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹5.45, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 30x in the Luxury industry in India. Total loss to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹5.65, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 30x in the Luxury industry in India. Total loss to shareholders of 61% over the past three years. New Risk • Dec 02
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 7.6% 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 Interest payments are not well covered by earnings (1.7x net interest cover). High level of non-cash earnings (21% accrual ratio). Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹1.37b market cap, or US$16.2m). Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: ₹0.13 (vs ₹0.09 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.13 (up from ₹0.09 in 2Q 2024). Revenue: ₹1.50b (up 42% from 2Q 2024). Net income: ₹35.5m (up 164% from 2Q 2024). Profit margin: 2.4% (up from 1.3% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Duyuru • Oct 30
Globe Textiles (India) Limited to Report Q2, 2025 Results on Oct 30, 2024 Globe Textiles (India) Limited announced that they will report Q2, 2025 results on Oct 30, 2024 Buy Or Sell Opportunity • Oct 28
Now 24% overvalued Over the last 90 days, the stock has fallen 33% to ₹4.09. The fair value is estimated to be ₹3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 3.3%. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹4.11, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 29x in the Luxury industry in India. Total loss to shareholders of 64% over the past three years. Duyuru • Sep 16
Globe Textiles (India) Limited, Annual General Meeting, Sep 30, 2024 Globe Textiles (India) Limited, Annual General Meeting, Sep 30, 2024, at 15:00 Indian Standard Time. New Risk • Sep 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 99% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹1.75b market cap, or US$20.9m). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹5.61, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 30x in the Luxury industry in India. Total loss to shareholders of 39% over the past three years. Buy Or Sell Opportunity • Aug 20
Now 20% undervalued Over the last 90 days, the stock has risen 55% to ₹4.64. The fair value is estimated to be ₹5.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 3.3%. Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: ₹0.07 (vs ₹0.10 in 1Q 2024) First quarter 2025 results: EPS: ₹0.07. Revenue: ₹1.15b (down 11% from 1Q 2024). Net income: ₹19.8m (up 35% from 1Q 2024). Profit margin: 1.7% (up from 1.1% in 1Q 2024). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹5.62, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 29x in the Luxury industry in India. Total loss to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹3.99, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 29x in the Luxury industry in India. Total loss to shareholders of 61% over the past three years. Duyuru • Apr 25
Globe Textiles (India) Limited (NSEI:GLOBE) acquired 70% stake in Globe Denwash Private Limited. Globe Textiles (India) Limited (NSEI:GLOBE) entered into an agreement to acquire 70% stake in Globe Denwash Private Limited on January 28, 2023. The transaction is subject to due diligence and negotiations. The approval of the shareholders of Globe Textiles has been obtained.
Globe Textiles (India) Limited (NSEI:GLOBE) completed the acquisition of 70% stake in Globe Denwash Private Limited on April 24, 2024. Board Change • Apr 01
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. 2 highly experienced directors. Non-Executive Independent Director Rajatkumar Patel was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Feb 23
Globe Textiles (India) Limited has filed a Follow-on Equity Offering in the amount of INR 453.4245 million. Globe Textiles (India) Limited has filed a Follow-on Equity Offering in the amount of INR 453.4245 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 151,141,500
Price\Range: INR 3
Transaction Features: Rights Offering Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹0.11 (vs ₹0.032 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.11 (up from ₹0.032 in 3Q 2023). Revenue: ₹929.7m (up 24% from 3Q 2023). Net income: ₹16.4m (up 244% from 3Q 2023). Profit margin: 1.8% (up from 0.6% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹4.65, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 28x in the Luxury industry in India. Total returns to shareholders of 12% over the past three years. New Risk • Nov 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 1.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₹612.1m market cap, or US$7.35m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹0.09 (vs ₹0.11 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.09 (down from ₹0.11 in 2Q 2023). Revenue: ₹1.06b (up 6.3% from 2Q 2023). Net income: ₹13.5m (down 19% from 2Q 2023). Profit margin: 1.3% (down from 1.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹4.15, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹4.95, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 55% over the past three years. Duyuru • Sep 12
Globe Textiles (India) Limited, Annual General Meeting, Sep 29, 2023 Globe Textiles (India) Limited, Annual General Meeting, Sep 29, 2023, at 15:00 Indian Standard Time. Location: Registered Office of the Company i.e. Plot No. 38 to 41, Ahmedabad Apparel Park, GIDC, Khokhra, Ahmedabad - 380 008. Ahmedabad India Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹3.20, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 23x in the Luxury industry in India. Total loss to shareholders of 4.9% over the past three years. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.10 (vs ₹0.11 in 1Q 2023) First quarter 2024 results: EPS: ₹0.10 (down from ₹0.11 in 1Q 2023). Revenue: ₹1.29b (up 12% from 1Q 2023). Net income: ₹14.6m (down 9.0% from 1Q 2023). Profit margin: 1.1% (down from 1.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹2.70, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 22x in the Luxury industry in India. Total loss to shareholders of 29% over the past three years. Recent Insider Transactions • Jun 22
Chairman & MD recently sold ₹834k worth of stock On the 20th of June, Bhavik Parikh sold around 232k shares on-market at roughly ₹3.60 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Bhavik has been a net seller over the last 12 months, reducing personal holdings by ₹89m. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹3.45, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 21x in the Luxury industry in India. Total loss to shareholders of 47% over the past year. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹0.30 (vs ₹0.50 in FY 2022) Full year 2023 results: EPS: ₹0.30 (down from ₹0.50 in FY 2022). Revenue: ₹4.02b (up 4.8% from FY 2022). Net income: ₹45.1m (down 12% from FY 2022). Profit margin: 1.1% (down from 1.3% in FY 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹2.85, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 64% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.03 (vs ₹0.09 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.03 (down from ₹0.09 in 3Q 2022). Revenue: ₹747.2m (down 30% from 3Q 2022). Net income: ₹4.76m (down 66% from 3Q 2022). Profit margin: 0.6% (down from 1.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 30
Globe Textiles (India) Limited (NSEI:GLOBE) entered into an agreement to acquire Globe Denwash Private Limited. Globe Textiles (India) Limited (NSEI:GLOBE) entered into an agreement to acquire Globe Denwash Private Limited on January 28, 2023. The transaction is subject to due diligence and negotiations. Recent Insider Transactions • Dec 31
Chairman & MD recently sold ₹23m worth of stock On the 29th of December, Bhavik Parikh sold around 5m shares on-market at roughly ₹4.50 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Bhavik has been a net seller over the last 12 months, reducing personal holdings by ₹308m. Recent Insider Transactions • Dec 21
Chairman & MD recently sold ₹2.4m worth of stock On the 19th of December, Bhavik Parikh sold around 500k shares on-market at roughly ₹4.85 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹23m. Bhavik has been a net seller over the last 12 months, reducing personal holdings by ₹285m. Recent Insider Transactions • Dec 03
Chairman & MD recently sold ₹6.8m worth of stock On the 1st of December, Bhavik Parikh sold around 1m shares on-market at roughly ₹5.71 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹23m. Bhavik has been a net seller over the last 12 months, reducing personal holdings by ₹267m. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₹5.35, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 209% over the past three years. Recent Insider Transactions • Sep 28
Chairman & MD recently sold ₹23m worth of stock On the 26th of September, Bhavik Parikh sold around 4m shares on-market at roughly ₹5.85 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Bhavik has been a net seller over the last 12 months, reducing personal holdings by ₹260m. Duyuru • Sep 08
Globe Textiles (India) Limited, Annual General Meeting, Sep 30, 2022 Globe Textiles (India) Limited, Annual General Meeting, Sep 30, 2022, at 16:30 Indian Standard Time. Location: Plot No. 38 to 41, Ahmedabad Apparel Park, GIDC, Khokhra, Ahmedabad - 380 008. Ahmedabad India Recent Insider Transactions • Sep 04
Whole Time Director recently sold ₹6.7m worth of stock On the 2nd of September, Nilaybhai Vora sold around 1m shares on-market at roughly ₹6.70 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹10m. Insiders have been net sellers, collectively disposing of ₹247m more than they bought in the last 12 months. Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: ₹0.11 (vs ₹0.047 in 1Q 2022) First quarter 2023 results: EPS: ₹0.11 (up from ₹0.047 in 1Q 2022). Revenue: ₹1.15b (up 73% from 1Q 2022). Net income: ₹16.1m (up 229% from 1Q 2022). Profit margin: 1.4% (up from 0.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 22% share price gain to ₹9.55, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 498% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 22% share price gain to ₹8.45, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 426% over the past three years. Recent Insider Transactions • Jun 26
Whole Time Director recently sold ₹10m worth of stock On the 24th of June, Nilaybhai Vora sold around 2m shares on-market at roughly ₹6.90 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹241m more than they bought in the last 12 months. Recent Insider Transactions • Jun 15
Chairman & MD recently sold ₹10.0m worth of stock On the 13th of June, Bhavik Parikh sold around 2m shares on-market at roughly ₹6.65 per share. This was the largest sale by an insider in the last 3 months. Bhavik has been a seller over the last 12 months, reducing personal holdings by ₹220m. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 18% share price gain to ₹7.85, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 353% over the past three years. Reported Earnings • May 19
Full year 2022 earnings released: EPS: ₹0.50 (vs ₹0.017 in FY 2021) Full year 2022 results: EPS: ₹0.50 (up from ₹0.017 in FY 2021). Revenue: ₹3.86b (up 49% from FY 2021). Net income: ₹51.4m (up ₹48.8m from FY 2021). Profit margin: 1.3% (up from 0.1% 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 8% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 19% share price gain to ₹11.25, the stock trades at a trailing P/E ratio of 47.6x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 427% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹11.60, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 440% over the past three years. Recent Insider Transactions • Feb 09
Chairman & MD recently sold ₹210m worth of stock On the 7th of February, Bhavik Parikh sold around 15m shares on-market at roughly ₹14.00 per share. This was the largest sale by an insider in the last 3 months. This was Bhavik's only on-market trade for the last 12 months. Reported Earnings • Jan 27
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.09 (down from ₹0.12 in 3Q 2021). Revenue: ₹1.08b (up 10.0% from 3Q 2021). Net income: ₹13.8m (down 22% from 3Q 2021). Profit margin: 1.3% (down from 1.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 81% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 19% share price gain to ₹18.15, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 344% over the past year. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS ₹0.06 (vs ₹0.13 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹850.3m (up 29% from 2Q 2021). Net income: ₹9.24m (up ₹29.0m from 2Q 2021). Profit margin: 1.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 81% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improved over the past week After last week's 18% share price gain to ₹12.30, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 301% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹10.05, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 228% over the past three years. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹0.047 (vs ₹0.071 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹667.1m (up 320% from 1Q 2021). Net income: ₹4.89m (up ₹15.6m from 1Q 2021). Profit margin: 0.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorated over the past week After last week's 93% share price decline to ₹12.85, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 21x in the Luxury industry in India. Total loss to shareholders of 73% over the past three years. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS ₹0.25 (vs ₹4.41 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹2.64b (flat on FY 2020). Net income: ₹2.51m (down 94% from FY 2020). Profit margin: 0.1% (down from 1.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improved over the past week After last week's 19% share price gain to ₹55.80, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 7.5% over the past three years. Is New 90 Day High Low • Mar 01
New 90-day low: ₹57.10 The company is down 2.0% from its price of ₹58.00 on 01 December 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 13% over the same period. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS ₹1.74 (vs ₹0.85 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹978.1m (up 30% from 3Q 2020). Net income: ₹17.6m (up ₹26.1m from 3Q 2020). Profit margin: 1.8% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.