Duyuru • Aug 15
Dynemic Products Limited, Annual General Meeting, Sep 28, 2026 Dynemic Products Limited, Annual General Meeting, Sep 28, 2026, at 15:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2027 earnings released: EPS: ₹4.18 (vs ₹3.87 in 1Q 2026) First quarter 2027 results: EPS: ₹4.18 (up from ₹3.87 in 1Q 2026). Revenue: ₹864.4m (down 8.5% from 1Q 2026). Net income: ₹51.9m (up 7.9% from 1Q 2026). Profit margin: 6.0% (up from 5.1% in 1Q 2026). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Aug 05
Dynemic Products Limited to Report Q1, 2027 Results on Aug 13, 2026 Dynemic Products Limited announced that they will report Q1, 2027 results on Aug 13, 2026 Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹16.04 (vs ₹12.44 in FY 2025) Full year 2026 results: EPS: ₹16.04 (up from ₹12.44 in FY 2025). Revenue: ₹3.79b (up 3.1% from FY 2025). Net income: ₹199.4m (up 33% from FY 2025). Profit margin: 5.3% (up from 4.1% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Duyuru • May 19
Dynemic Products Limited to Report Q4, 2026 Results on May 29, 2026 Dynemic Products Limited announced that they will report Q4, 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹193, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 23% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹3.71 (vs ₹3.65 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.71 (up from ₹3.65 in 3Q 2025). Revenue: ₹907.8m (down 5.0% from 3Q 2025). Net income: ₹46.1m (up 4.9% from 3Q 2025). Profit margin: 5.1% (up from 4.6% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Feb 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹3.24b market cap, or US$35.8m). Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹261, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 11% over the past three years. Duyuru • Feb 02
Dynemic Products Limited to Report Q3, 2026 Results on Feb 13, 2026 Dynemic Products Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 21
Second quarter 2026 earnings released: EPS: ₹3.58 (vs ₹3.23 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.58 (up from ₹3.23 in 2Q 2025). Revenue: ₹893.5m (down 8.7% from 2Q 2025). Net income: ₹44.4m (up 14% from 2Q 2025). Profit margin: 5.0% (up from 4.0% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Nov 04
Dynemic Products Limited to Report Q2, 2026 Results on Nov 13, 2025 Dynemic Products Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Buy Or Sell Opportunity • Aug 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to ₹403. The fair value is estimated to be ₹335, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Aug 18
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 6.8% 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 Risk Earnings have declined by 28% per year over the past 5 years. Minor Risks High level of debt (42% net debt to equity). Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (₹4.64b market cap, or US$53.1m). Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹3.87 (vs ₹2.31 in 1Q 2025) First quarter 2026 results: EPS: ₹3.87 (up from ₹2.31 in 1Q 2025). Revenue: ₹944.7m (up 18% from 1Q 2025). Net income: ₹48.1m (up 73% from 1Q 2025). Profit margin: 5.1% (up from 3.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Aug 13
Dynemic Products Limited, Annual General Meeting, Sep 22, 2025 Dynemic Products Limited, Annual General Meeting, Sep 22, 2025. Duyuru • Aug 05
Dynemic Products Limited to Report Q1, 2026 Results on Aug 13, 2025 Dynemic Products Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Board Change • Jun 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vikash Jain was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 31
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹3.43b market cap, or US$40.0m). Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹12.44 (vs ₹3.05 in FY 2024) Full year 2025 results: EPS: ₹12.44 (up from ₹3.05 in FY 2024). Revenue: ₹3.68b (up 30% from FY 2024). Net income: ₹150.0m (up 315% from FY 2024). Profit margin: 4.1% (up from 1.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% 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 • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹310, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 25x in the Chemicals industry in India. Total loss to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹302, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 25x in the Chemicals industry in India. Total loss to shareholders of 51% over the past three years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹3.65 (vs ₹1.04 in 3Q 2024) Third quarter 2025 results: EPS: ₹3.65 (up from ₹1.04 in 3Q 2024). Revenue: ₹955.9m (up 34% from 3Q 2024). Net income: ₹43.9m (up 256% from 3Q 2024). Profit margin: 4.6% (up from 1.7% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹3.23 (vs ₹3.03 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹3.23 (up from ₹3.03 loss in 2Q 2024). Revenue: ₹979.0m (up 50% from 2Q 2024). Net income: ₹38.9m (up ₹74.8m from 2Q 2024). Profit margin: 4.0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Duyuru • Oct 01
Dynemic Products Limited Appoints Rameshbhai B. Patel and Dixitbhai B. Patel as Joint Managing Directors Dynemic Products Limited at its AGM held on 28 September 2024 approved to appoint Shri Rameshbhai B. Patel as Joint Managing Director of the Company for remaining tenure of his appointment and Shri Dixitbhai B. Patel as Joint Managing Director of the Company for remaining tenure of his appointment. New Risk • Sep 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (₹5.02b market cap, or US$59.8m). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹2.31 (vs ₹1.64 in 1Q 2024) First quarter 2025 results: EPS: ₹2.31 (up from ₹1.64 in 1Q 2024). Revenue: ₹801.1m (up 18% from 1Q 2024). Net income: ₹27.8m (up 45% from 1Q 2024). Profit margin: 3.5% (up from 2.8% in 1Q 2024). The increase in margin was 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 60 percentage points per year, which is a significant difference in performance. Duyuru • Aug 13
Dynemic Products Limited, Annual General Meeting, Sep 28, 2024 Dynemic Products Limited, Annual General Meeting, Sep 28, 2024. Duyuru • Aug 05
Dynemic Products Limited to Report Q1, 2025 Results on Aug 13, 2024 Dynemic Products Limited announced that they will report Q1, 2025 results on Aug 13, 2024 New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (₹4.44b market cap, or US$53.1m). Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹3.49 (vs ₹2.59 loss in FY 2023) Full year 2024 results: EPS: ₹3.49 (up from ₹2.59 loss in FY 2023). Revenue: ₹2.85b (down 3.8% from FY 2023). Net income: ₹36.2m (up ₹65.6m from FY 2023). Profit margin: 1.3% (up from net loss in FY 2023). The move to profitability 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 58 percentage points per year, which is a significant difference in performance. Duyuru • May 25
Dynemic Products Limited to Report Q4, 2024 Results on May 30, 2024 Dynemic Products Limited announced that they will report Q4, 2024 results on May 30, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹1.04 (vs ₹0.28 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.04 (up from ₹0.28 in 3Q 2023). Revenue: ₹716.1m (down 3.0% from 3Q 2023). Net income: ₹12.3m (up 280% from 3Q 2023). Profit margin: 1.7% (up from 0.4% in 3Q 2023). 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 73 percentage points per year, which is a significant difference in performance. Duyuru • Feb 07
Dynemic Products Limited to Report Q3, 2024 Results on Feb 14, 2024 Dynemic Products Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: ₹3.03 loss per share (vs ₹0.84 profit in 2Q 2023) Second quarter 2024 results: ₹3.03 loss per share (down from ₹0.84 profit in 2Q 2023). Revenue: ₹654.5m (down 23% from 2Q 2023). Net loss: ₹35.9m (down 471% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. New Risk • Nov 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (₹3.28b market cap, or US$39.3m). Duyuru • Nov 04
Dynemic Products Limited to Report Q2, 2024 Results on Nov 10, 2023 Dynemic Products Limited announced that they will report Q2, 2024 results on Nov 10, 2023 New Risk • Sep 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor 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). Earnings have declined by 35% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (₹4.19b market cap, or US$50.4m). Duyuru • Sep 15
Dynemic Products Limited Announces Board Appointments, Effective April 1, 2024 Dynemic Products Limited announced that at its AGM held on September 12, 2023, approved the appointment of Shri Vikash Jain as an Independent Director of the Company for the period of 5 years with effect from April 1, 2024; approved the appointment of Shri Iyengar Padmanabhan as an Independent Director of the company for the period of 5 years with effect from April 1, 2024. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹354, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 68% over the past three years. Duyuru • Aug 15
Dynemic Products Limited, Annual General Meeting, Sep 12, 2023 Dynemic Products Limited, Annual General Meeting, Sep 12, 2023. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹1.64 (vs ₹7.12 loss in 1Q 2023) First quarter 2024 results: EPS: ₹1.64 (up from ₹7.12 loss in 1Q 2023). Revenue: ₹682.1m (up 4.6% from 1Q 2023). Net income: ₹19.1m (up ₹100.8m from 1Q 2023). Profit margin: 2.8% (up from net loss in 1Q 2023). The move to profitability was primarily 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 84 percentage points per year, which is a significant difference in performance. Duyuru • Aug 08
Dynemic Products Limited to Report Q1, 2024 Results on Aug 14, 2023 Dynemic Products Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jun 01
Full year 2023 earnings released: ₹3.14 loss per share (vs ₹12.62 profit in FY 2022) Full year 2023 results: ₹3.14 loss per share (down from ₹12.62 profit in FY 2022). Revenue: ₹2.96b (up 18% from FY 2022). Net loss: ₹29.4m (down 121% 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 109 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.28 (vs ₹4.51 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.28 (down from ₹4.51 in 3Q 2022). Revenue: ₹738.4m (up 16% from 3Q 2022). Net income: ₹3.25m (down 94% from 3Q 2022). Profit margin: 0.4% (down from 8.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. 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. 1 experienced director. 5 highly experienced directors. Independent Director Rashmi Otavani was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 10
First quarter 2023 earnings released: ₹7.12 loss per share (vs ₹7.64 profit in 1Q 2022) First quarter 2023 results: ₹7.12 loss per share (down from ₹7.64 profit in 1Q 2022). Revenue: ₹652.8m (up 11% from 1Q 2022). Net loss: ₹81.7m (down 194% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹12.47 (vs ₹25.15 in FY 2021) Full year 2022 results: EPS: ₹12.47 (down from ₹25.15 in FY 2021). Revenue: ₹2.52b (up 23% from FY 2021). Net income: ₹143.0m (down 50% from FY 2021). Profit margin: 5.7% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. 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. 1 experienced director. 5 highly experienced directors. Independent Director Rashmi Otavani was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹4.51 (down from ₹7.31 in 3Q 2021). Revenue: ₹634.7m (up 14% from 3Q 2021). Net income: ₹51.1m (down 38% from 3Q 2021). Profit margin: 8.1% (down from 15% 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 increased by 15% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 18
Second quarter 2022 earnings released: EPS ₹4.64 (vs ₹6.27 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹579.9m (up 14% from 2Q 2021). Net income: ₹52.5m (down 26% from 2Q 2021). Profit margin: 9.1% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹513, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 300% over the past three years. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improved over the past week After last week's 20% share price gain to ₹644, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 410% over the past three years. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹7.64 (vs ₹6.46 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: ₹587.6m (up 40% from 1Q 2021). Net income: ₹86.6m (up 18% from 1Q 2021). Profit margin: 15% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₹588, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 292% 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 18% share price gain to ₹545, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 279% over the past three years. Recent Insider Transactions • Jul 04
Insider recently bought ₹2.8m worth of stock On the 30th of June, Vimla Patel bought around 6k shares on-market at roughly ₹465 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹83m more in shares than they bought in the last 12 months. Reported Earnings • Jun 06
Full year 2021 earnings released: EPS ₹25.06 (vs ₹21.34 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹2.06b (up 13% from FY 2020). Net income: ₹284.9m (up 18% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 17% share price gain to ₹570, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 246% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 15% share price gain to ₹511, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 177% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 21% share price gain to ₹449, the stock is trading at a trailing P/E ratio of 14.7x, up from the previous P/E ratio of 12.2x. This compares to an average P/E of 16x in the Chemicals industry in India. Total returns to shareholders over the past three years are 141%. Is New 90 Day High Low • Feb 26
New 90-day high: ₹399 The company is up 68% from its price of ₹237 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS ₹7.31 (vs ₹4.39 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹554.2m (up 25% from 3Q 2020). Net income: ₹82.8m (up 66% from 3Q 2020). Profit margin: 15% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₹297, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.9x. This compares to an average P/E of 18x in the Chemicals industry in India. Total returns to shareholders over the past three years are 64%. Is New 90 Day High Low • Feb 03
New 90-day high: ₹297 The company is up 35% from its price of ₹220 on 04 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ₹278 The company is up 10.0% from its price of ₹254 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 Chemicals industry, which is up 23% over the same period.