New Risk • Jun 01
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: 7.3% Last year net profit margin: 41% 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 Risk Market cap is less than US$10m (₹474.9m market cap, or US$5.00m). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.3% net profit margin). Revenue is less than US$5m (₹246m revenue, or US$2.6m). Reported Earnings • Jun 01
Full year 2026 earnings released: EPS: ₹0.38 (vs ₹1.17 in FY 2025) Full year 2026 results: EPS: ₹0.38 (down from ₹1.17 in FY 2025). Revenue: ₹246.2m (up 17% from FY 2025). Net income: ₹17.9m (down 79% from FY 2025). Profit margin: 7.3% (down from 41% in FY 2025). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • May 25
Oriental Trimex Limited to Report Q4, 2026 Results on May 30, 2026 Oriental Trimex Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 30, 2026 New Risk • Apr 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 9.3% 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 Market cap is less than US$10m (₹455.7m market cap, or US$4.89m). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Revenue is less than US$5m (₹239m revenue, or US$2.6m). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹6.20, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 24x in the Basic Materials industry in India. Total returns to shareholders of 28% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.02 (vs ₹0.71 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.02 (down from ₹0.71 in 3Q 2025). Revenue: ₹33.1m (up 77% from 3Q 2025). Net income: ₹1.10m (down 97% from 3Q 2025). Profit margin: 3.3% (down from 227% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 12
Oriental Trimex Limited announced that it expects to receive $43 million in funding Oriental Trimex Limited announced a private placement of Foreign Currency Convertible Bonds to raise gross proceeds of $43,000,000 on February 12, 2026. The transaction has been approved y the Board of Directors of the company and is subject to approval from shareholders of the company and regulatory authorities, as may be necessary. Duyuru • Feb 04
Oriental Trimex Limited to Report Q3, 2026 Results on Feb 12, 2026 Oriental Trimex Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Nov 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 94% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (94% accrual ratio). Shareholders have been substantially diluted in the past year (150% increase in shares outstanding). Market cap is less than US$10m (₹689.5m market cap, or US$7.77m). Minor Risk Revenue is less than US$5m (₹255m revenue, or US$2.9m). Duyuru • Nov 08
Oriental Trimex Limited to Report Q2, 2026 Results on Nov 12, 2025 Oriental Trimex Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Duyuru • Aug 01
Oriental Trimex Limited, Annual General Meeting, Aug 22, 2025 Oriental Trimex Limited, Annual General Meeting, Aug 22, 2025, at 12:00 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2026 earnings released: EPS: ₹0.11 (vs ₹0.22 in 1Q 2025) First quarter 2026 results: EPS: ₹0.11. Revenue: ₹35.1m (up ₹29.7m from 1Q 2025). Net income: ₹5.96m (up 24% from 1Q 2025). Profit margin: 17% (down from 88% in 1Q 2025). Duyuru • Jul 24
Oriental Trimex Limited to Report Q1, 2026 Results on Jul 31, 2025 Oriental Trimex Limited announced that they will report Q1, 2026 results on Jul 31, 2025 New Risk • Jul 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹846.1m (US$9.83m) 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 Share price has been highly volatile over the past 3 months (9.8% average weekly change). High level of non-cash earnings (87% accrual ratio). Shareholders have been substantially diluted in the past year (150% increase in shares outstanding). Market cap is less than US$10m (₹846.1m market cap, or US$9.83m). Minor Risk Revenue is less than US$5m (₹210m revenue, or US$2.4m). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹12.12, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 45x in the Basic Materials industry in India. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹12.63, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 41x in the Basic Materials industry in India. Total returns to shareholders of 37% over the past three years. New Risk • Jun 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). High level of non-cash earnings (87% accrual ratio). Shareholders have been substantially diluted in the past year (150% increase in shares outstanding). Minor Risks Revenue is less than US$5m (₹210m revenue, or US$2.4m). Market cap is less than US$100m (₹1.14b market cap, or US$13.2m). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹16.84, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 41x in the Basic Materials industry in India. Total returns to shareholders of 68% over the past three years. Reported Earnings • May 24
Full year 2025 earnings released Full year 2025 results: Revenue: ₹218.4m (up 391% from FY 2024). Net income: ₹85.7m (up ₹150.7m from FY 2024). Profit margin: 39% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • May 18
Oriental Trimex Limited to Report Fiscal Year 2025 Results on May 23, 2025 Oriental Trimex Limited announced that they will report fiscal year 2025 results on May 23, 2025 New Risk • May 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 9.1% 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 Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (150% increase in shares outstanding). Revenue is less than US$1m (₹82m revenue, or US$969k). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₹934.3m market cap, or US$11.1m). Duyuru • Mar 01
Oriental Trimex Limited Announces Resignation of Jitendra Surendra Gupta as Non-Executive-Independent Director Oriental Trimex Limited informed that Mr. Jitendra Surendra Gupta, Non-executive Independent Director of the Company has resigned as a Non-Executive-Independent Director from the Board of Oriental Trimex Limited, with effect from 01 March, 2025 due to his personal reasons. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹0.71 (vs ₹0.40 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.71 (up from ₹0.40 loss in 3Q 2024). Revenue: ₹23.6m (up ₹21.5m from 3Q 2024). Net income: ₹42.6m (up ₹54.4m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Duyuru • Jan 29
Oriental Trimex Limited to Report Q3, 2025 Results on Feb 07, 2025 Oriental Trimex Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Feb 07, 2025 New Risk • Jan 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 150% 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 Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (150% increase in shares outstanding). Revenue is less than US$1m (₹65m revenue, or US$752k). Market cap is less than US$10m (₹732.9m market cap, or US$8.48m). Duyuru • Dec 11
Oriental Trimex Limited Announces Resignation of Purva Mirajkar as Company Secretary Oriental Trimex Limited announced that Ms. Purva Mirajkar, Company Secretary & Compliance Officer of the Company has resigned from the Company with effect from 10 December, 2024 due to her personal reasons. New Risk • Nov 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹143m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-₹143m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (₹49m revenue, or US$586k). Market cap is less than US$10m (₹294.6m market cap, or US$3.49m). Reported Earnings • Nov 13
Second quarter 2025 earnings released: ₹0.79 loss per share (vs ₹0.05 profit in 2Q 2024) Second quarter 2025 results: ₹0.79 loss per share (down from ₹0.05 profit in 2Q 2024). Net loss: ₹21.5m (down ₹23.1m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Duyuru • Nov 05
Oriental Trimex Limited to Report Q2, 2025 Results on Nov 11, 2024 Oriental Trimex Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Duyuru • Sep 09
Oriental Trimex Limited, Annual General Meeting, Sep 30, 2024 Oriental Trimex Limited, Annual General Meeting, Sep 30, 2024, at 17:00 Indian Standard Time. New Risk • Aug 23
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 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m (₹55m revenue, or US$655k). Market cap is less than US$10m (₹424.3m market cap, or US$5.06m). Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). Duyuru • Jul 31
Oriental Trimex Limited to Report Q1, 2025 Results on Aug 08, 2024 Oriental Trimex Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Aug 08, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: ₹2.36 loss per share (vs ₹1.47 loss in FY 2023) Full year 2024 results: ₹2.36 loss per share (further deteriorated from ₹1.47 loss in FY 2023). Net loss: ₹65.0m (loss widened 51% from FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • May 25
Oriental Trimex Limited to Report Q4, 2024 Results on May 30, 2024 Oriental Trimex Limited announced that they will report Q4, 2024 results on May 30, 2024 Duyuru • Apr 27
Oriental Trimex Limited Announces Resignation of Suresh Kumar Tanwar as Independent Director Oriental Trimex Limited announced that Mr. Suresh Kumar Tanwar Independent Director of the Company vide his email dated 25 April, 2024 has tendered his resignation from the Board of Directors of the Company due to personal reasons which has been noted by the board with effect from 26 April, 2024. Reported Earnings • Feb 03
Third quarter 2024 earnings released: ₹0.40 loss per share (vs ₹0.53 loss in 3Q 2023) Third quarter 2024 results: ₹0.40 loss per share (improved from ₹0.53 loss in 3Q 2023). Net loss: ₹11.7m (loss narrowed 29% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 24
Oriental Trimex Limited to Report Q3, 2024 Results on Feb 02, 2024 Oriental Trimex Limited announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: ₹0.05 (vs ₹0.07 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.05 (up from ₹0.07 loss in 2Q 2023). Net income: ₹1.55m (up ₹3.56m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Duyuru • Sep 08
Oriental Trimex Limited, Annual General Meeting, Sep 29, 2023 Oriental Trimex Limited, Annual General Meeting, Sep 29, 2023, at 12:00 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statement of the Company for the Financial Year ended on March 31, 2023, the Reports of the Board of Directors and Auditors thereon; to appoint Directors in place of Mr. Baldev Kumar Lakhanpal, Non-executive Director, who retires by rotation, and being eligible, offers, himself for re-appointment; to consider Approval for borrowing of money in Excess of paid-up share capital, free reserves and securities premium; to consider Appointment of Mr. Jayant Kumar as a Non-Executive, Independent Director of the Company; and to consider other matters. Duyuru • Aug 18
Oriental Trimex Limited Announces Resignation of Jitendra Surendra Gupta, Non-Executive Independent Director Oriental Trimex Limited announced resignation of Jitendra Surendra Gupta, Non-executive Independent Director from the Board. Date of Cessation is 17th August, 2023. 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 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 Less than 1 year of cash runway based on free cash flow trend (-₹6.2m free cash flow). Earnings have declined by 58% per year over the past 5 years. Revenue is less than US$1m (₹70m revenue, or US$846k). Market cap is less than US$10m (₹223.5m market cap, or US$2.69m). 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 (3.1% increase in shares outstanding). New Risk • Aug 04
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹83m (US$998k) This is considered a major risk. Companies with a small amount of revenue 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 Less than 1 year of cash runway based on free cash flow trend (-₹6.2m free cash flow). Earnings have declined by 58% per year over the past 5 years. Revenue is less than US$1m (₹83m revenue, or US$998k). Market cap is less than US$10m (₹173.5m market cap, or US$2.09m). Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: ₹0.03 (vs ₹0.75 loss in 1Q 2023) First quarter 2024 results: EPS: ₹0.03 (up from ₹0.75 loss in 1Q 2023). Net income: ₹550.0k (up ₹21.9m from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Duyuru • Jul 26
Oriental Trimex Limited to Report Q1, 2024 Results on Aug 03, 2023 Oriental Trimex Limited announced that they will report Q1, 2024 results on Aug 03, 2023 New Risk • Jun 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹6.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-₹6.2m free cash flow). Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (₹186.7m market cap, or US$2.27m). Minor Risks Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Revenue is less than US$5m (₹87m revenue, or US$1.1m). Duyuru • May 23
Oriental Trimex Limited to Report Fiscal Year 2023 Results on May 27, 2023 Oriental Trimex Limited announced that they will report fiscal year 2023 results on May 27, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: ₹0.53 loss per share (vs ₹0.43 loss in 3Q 2022) Third quarter 2023 results: ₹0.53 loss per share (further deteriorated from ₹0.43 loss in 3Q 2022). Revenue: ₹32.4m (down 34% from 3Q 2022). Net loss: ₹16.5m (loss widened 34% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 56% 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. Duyuru • Feb 04
Oriental Trimex Limited to Report Q3, 2023 Results on Feb 11, 2023 Oriental Trimex Limited announced that they will report Q3, 2023 results on Feb 11, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Suresh Tanwar 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. Reported Earnings • Oct 22
Second quarter 2023 earnings released: ₹0.07 loss per share (vs ₹0.47 loss in 2Q 2022) Second quarter 2023 results: ₹0.07 loss per share (improved from ₹0.47 loss in 2Q 2022). Revenue: ₹33.8m (down 33% from 2Q 2022). Net loss: ₹2.01m (loss narrowed 85% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 07
First quarter 2023 earnings released: ₹0.75 loss per share (vs ₹0.71 loss in 1Q 2022) First quarter 2023 results: ₹0.75 loss per share (down from ₹0.71 loss in 1Q 2022). Revenue: ₹22.2m (up 170% from 1Q 2022). Net loss: ₹21.3m (loss widened 5.0% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Suresh Tanwar 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. Reported Earnings • Jan 23
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.43 loss per share (up from ₹0.71 loss in 3Q 2021). Revenue: ₹51.4m (up 111% from 3Q 2021). Net loss: ₹12.3m (loss narrowed 39% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Second quarter 2022 earnings released: ₹0.47 loss per share (vs ₹0.03 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: ₹57.8m (down 32% from 2Q 2021). Net loss: ₹13.3m (down ₹14.0m from profit in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 11
Full year 2021 earnings released: ₹1.39 loss per share (vs ₹0.72 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹203.8m (down 73% from FY 2020). Net loss: ₹39.2m (down 291% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improved over the past week After last week's 20% share price gain to ₹8.65, the stock trades at a trailing P/E ratio of 72.9x. Average trailing P/E is 17x in the Basic Materials industry in India. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 21% share price gain to ₹7.15, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 18x in the Basic Materials industry in India. Total loss to shareholders of 49% over the past three years. Is New 90 Day High Low • Feb 23
New 90-day low: ₹7.55 The company is down 4.0% from its price of ₹7.85 on 25 November 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 22% over the same period. Reported Earnings • Feb 17
Third quarter 2021 earnings released: ₹0.71 loss per share (vs ₹0.16 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹24.3m (down 85% from 3Q 2020). Net loss: ₹20.2m (down ₹24.7m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹9.15, the stock is trading at a trailing P/E ratio of 9.5x, down from the previous P/E ratio of 11.4x. This compares to an average P/E of 16x in the Basic Materials industry in India. Total return to shareholders over the past three years is a loss of 40%. Is New 90 Day High Low • Dec 14
New 90-day high: ₹11.35 The company is up 3.0% from its price of ₹11.00 on 14 September 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 16% share price gain to ₹9.35, the stock is trading at a trailing P/E ratio of 8.5x, up from the previous P/E ratio of 7.3x. This compares to an average P/E of 18x in the Basic Materials industry in India. Total return to shareholders over the past three years is a loss of 44%. Is New 90 Day High Low • Nov 03
New 90-day low: ₹8.35 The company is down 13% from its price of ₹9.55 on 05 August 2020. The Indian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 13% over the same period. Reported Earnings • Nov 02
Second quarter 2021 earnings released: EPS ₹0.03 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹84.8m (down 28% from 2Q 2020). Net income: ₹666.0k (up ₹7.88m from 2Q 2020). Profit margin: 0.8% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. 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 22% per year, which means it has not declined as severely as earnings. 