New Risk • May 20
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 8.6% 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 Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹7.21b market cap, or US$74.6m). Reported Earnings • May 18
Full year 2026 earnings released: EPS: ₹20.12 (vs ₹22.36 in FY 2025) Full year 2026 results: EPS: ₹20.12 (down from ₹22.36 in FY 2025). Revenue: ₹758.5m (down 44% from FY 2025). Net income: ₹420.8m (down 10.0% from FY 2025). Profit margin: 56% (up from 35% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Duyuru • May 12
GeeCee Ventures Limited to Report Q4, 2026 Results on May 16, 2026 GeeCee Ventures Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 16, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹257, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 23x in the Real Estate industry in India. Total returns to shareholders of 84% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹2.36 (vs ₹9.33 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.36 (down from ₹9.33 in 3Q 2025). Revenue: ₹166.1m (down 72% from 3Q 2025). Net income: ₹49.4m (down 75% from 3Q 2025). Profit margin: 30% (down from 33% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 30% per year. Duyuru • Feb 04
GeeCee Ventures Limited to Report Q3, 2026 Results on Feb 10, 2026 GeeCee Ventures Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 10, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹4.90 (vs ₹6.00 in 2Q 2025) Second quarter 2026 results: EPS: ₹4.90 (down from ₹6.00 in 2Q 2025). Revenue: ₹177.8m (down 39% from 2Q 2025). Net income: ₹102.4m (down 18% from 2Q 2025). Profit margin: 58% (up from 43% 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 37% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 05
GeeCee Ventures Limited to Report Q2, 2026 Results on Nov 11, 2025 GeeCee Ventures Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Upcoming Dividend • Aug 27
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 03 September 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.5%). Declared Dividend • Aug 08
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 3rd September 2025 Payment date: 17th October 2025 Dividend yield will be 0.5%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (2% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: ₹1.59 (vs ₹5.17 in 1Q 2025) First quarter 2026 results: EPS: ₹1.59 (down from ₹5.17 in 1Q 2025). Revenue: ₹81.3m (down 74% from 1Q 2025). Net income: ₹33.4m (down 69% from 1Q 2025). Profit margin: 41% (up from 34% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 40% per year. Duyuru • Aug 02
GeeCee Ventures Limited to Report Q1, 2026 Results on Aug 06, 2025 GeeCee Ventures Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹22.36 (vs ₹17.81 in FY 2024) Full year 2025 results: EPS: ₹22.36 (up from ₹17.81 in FY 2024). Revenue: ₹1.36b (up 40% from FY 2024). Net income: ₹467.6m (up 26% from FY 2024). Profit margin: 35% (down from 38% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 21
GeeCee Ventures Limited Recommends Final Dividend for the Year Ended March 31, 2025 The board of directors of GeeCee Ventures Limited at its meeting held on May 14, 2025, the company has recommendation of final Dividend of INR 2/- (Rupees two only) per share on the equity share capital of the Company for the year ended March 31, 2025, subject to necessary approval by the members at the upcoming Annual General Meeting. The date of Annual General Meeting along with dividend payment date and the record date will be intimated to the stock exchanges separately. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹438, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 34x in the Real Estate industry in India. Total returns to shareholders of 212% over the past three years. Duyuru • May 14
GeeCee Ventures Limited to Report Q4, 2025 Results on May 21, 2025 GeeCee Ventures Limited announced that they will report Q4, 2025 results on May 21, 2025 Duyuru • Mar 15
GeeCee Ventures Limited Approves Re-Designation of Mr. Gaurav Shyamsukha as the Managing Director GeeCee Ventures Limited announced through postal ballot, shareholders approved the re-designation and appointment of Mr. Gaurav Shyamsukha as the Managing Director of the Company for the period of 3 (three) years and to fix his remuneration. Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: ₹9.33 (vs ₹4.40 in 3Q 2024) Third quarter 2025 results: EPS: ₹9.33 (up from ₹4.40 in 3Q 2024). Revenue: ₹587.9m (up 329% from 3Q 2024). Net income: ₹195.1m (up 112% from 3Q 2024). Profit margin: 33% (down from 67% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 38% per year. Duyuru • Jan 28
GeeCee Ventures Limited to Report Q3, 2025 Results on Feb 04, 2025 GeeCee Ventures Limited announced that they will report Q3, 2025 results on Feb 04, 2025 New Risk • Jan 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.50b (US$98.9m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹8.50b market cap, or US$98.9m). Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹6.00 (vs ₹2.12 in 2Q 2024) Second quarter 2025 results: EPS: ₹6.00 (up from ₹2.12 in 2Q 2024). Revenue: ₹292.8m (up 239% from 2Q 2024). Net income: ₹125.5m (up 182% from 2Q 2024). Profit margin: 43% (down from 52% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 05
GeeCee Ventures Limited to Report Q2, 2025 Results on Nov 11, 2024 GeeCee Ventures Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹449, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 31x in the Real Estate industry in India. Total returns to shareholders of 196% over the past three years. Duyuru • Sep 09
GeeCee Ventures Limited Announces Tenure Completion of Non-Executive Independent Directors GeeCee Ventures Limited announced that Mr. Rakesh Khanna and Mr. Suresh Tapuriah, Non-Executive Independent Directors of the Company has completed their second term of five years and consequently ceased to be the Independent Directors of the Company with effect from the close of business hours on September 09, 2024. Membership of the Board Committees: Mr. Rakesh Khanna as Chairman of Audit Committee, Nomination and Remuneration Committee and Member of Stakeholders Relationship Committee and Corporate Social Responsibility Committee. Mr. Suresh Tapuriah as Chairman of Stakeholders Relationship Committee and Corporate Social Responsibility Committee and Member of Audit Committee and Nomination and Remuneration Committee. Upcoming Dividend • Aug 28
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 19 October 2024. Payout ratio is a comfortable 9.9% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.0%). In line with average of industry peers (0.4%). Board Change • Aug 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Woman Independent Director Rupal Vora was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Declared Dividend • Aug 10
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 4th September 2024 Payment date: 19th October 2024 Dividend yield will be 0.5%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Aug 10
GeeCee Ventures Limited Announces Director Resignations GeeCee Ventures Limited announced that Mr. Harisingh Shyamsukha (DIN:00033325), Whole Time Director and Mr. Ashwin Kumar Pannalal Kothari (DIN: 00033730), Non-Executive Director of the Company has tendered their resignation from the Board of Directors of the Company with effect from close of business hours on 07th August, 2024 due to personal reasons. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹5.17 (vs ₹2.72 in 1Q 2024) First quarter 2025 results: EPS: ₹5.17 (up from ₹2.72 in 1Q 2024). Revenue: ₹313.9m (up 180% from 1Q 2024). Net income: ₹108.1m (up 90% from 1Q 2024). Profit margin: 34% (down from 51% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 02
GeeCee Ventures Limited to Report Q1, 2025 Results on Aug 08, 2024 GeeCee Ventures Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 22
Full year 2024 earnings released: EPS: ₹17.80 (vs ₹5.56 in FY 2023) Full year 2024 results: EPS: ₹17.80 (up from ₹5.56 in FY 2023). Revenue: ₹971.1m (up 141% from FY 2023). Net income: ₹372.5m (up 220% from FY 2023). Profit margin: 38% (up from 29% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 16
GeeCee Ventures Limited to Report Q4, 2024 Results on May 21, 2024 GeeCee Ventures Limited announced that they will report Q4, 2024 results on May 21, 2024 Buy Or Sell Opportunity • Apr 24
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to ₹295. The fair value is estimated to be ₹238, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 6.1%. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹296, the stock trades at a trailing P/E ratio of 75.3x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 182% over the past three years. Buy Or Sell Opportunity • Apr 05
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to ₹296. The fair value is estimated to be ₹240, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 6.1%. Buy Or Sell Opportunity • Feb 08
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to ₹321. The fair value is estimated to be ₹243, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 6.1%. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹2.12 (vs ₹7.12 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.12 (down from ₹7.12 in 2Q 2023). Revenue: ₹86.3m (down 70% from 2Q 2023). Net income: ₹44.5m (down 70% from 2Q 2023). Profit margin: 52% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 24
Upcoming dividend of ₹2.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 October 2023. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹195, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 143% over the past three years. Duyuru • Aug 08
GeeCee Ventures Limited, Annual General Meeting, Sep 15, 2023 GeeCee Ventures Limited, Annual General Meeting, Sep 15, 2023, at 16:00 Indian Standard Time. Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: ₹2.72 (vs ₹2.71 in 1Q 2023) First quarter 2024 results: EPS: ₹2.72 (up from ₹2.71 in 1Q 2023). Revenue: ₹112.8m (down 14% from 1Q 2023). Net income: ₹56.9m (flat on 1Q 2023). Profit margin: 50% (up from 43% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 01
GeeCee Ventures Limited to Report Q1, 2024 Results on Aug 07, 2023 GeeCee Ventures Limited announced that they will report Q1, 2024 results on Aug 07, 2023 New Risk • Jun 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Revenue is less than US$5m (₹401m revenue, or US$4.9m). Market cap is less than US$100m (₹3.27b market cap, or US$39.6m). Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹5.55 (vs ₹9.25 in FY 2022) Full year 2023 results: EPS: ₹5.55 (down from ₹9.25 in FY 2022). Revenue: ₹413.6m (down 57% from FY 2022). Net income: ₹116.3m (down 40% from FY 2022). Profit margin: 28% (up from 20% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 27
GeeCee Ventures Limited Recommends of Final Dividend for the Year Ended 31 March 2023 GeeCee Ventures Limited announced that at the board meeting held on 26 May, 2023, the company approved the company recommended of final dividend of INR 2 per share for the year ended 31 March 2023, subject to necessary approval by the members at the upcoming Annual General Meeting. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹158, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 24x in the Real Estate industry in India. Total returns to shareholders of 242% over the past three years. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹1.02 (vs ₹5.37 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.02 (down from ₹5.37 in 3Q 2022). Revenue: ₹81.1m (down 88% from 3Q 2022). Net income: ₹21.5m (down 81% from 3Q 2022). Profit margin: 27% (up from 16% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹7.12 (vs ₹2.02 in 2Q 2022) Second quarter 2023 results: EPS: ₹7.12 (up from ₹2.02 in 2Q 2022). Revenue: ₹289.2m (up 133% from 2Q 2022). Net income: ₹149.2m (up 253% from 2Q 2022). Profit margin: 52% (up from 34% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: ₹7.12 (vs ₹2.02 in 2Q 2022) Second quarter 2023 results: EPS: ₹7.12 (up from ₹2.02 in 2Q 2022). Revenue: ₹289.2m (up 133% from 2Q 2022). Net income: ₹149.2m (up 253% from 2Q 2022). Profit margin: 52% (up from 34% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: ₹2.71 (vs ₹1.27 in 1Q 2022) First quarter 2023 results: EPS: ₹2.71 (up from ₹1.27 in 1Q 2022). Revenue: ₹130.6m (up 51% from 1Q 2022). Net income: ₹56.7m (up 113% from 1Q 2022). Profit margin: 43% (up from 31% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • May 28
Full year 2022 earnings released: EPS: ₹9.21 (vs ₹4.91 in FY 2021) Full year 2022 results: EPS: ₹9.21 (up from ₹4.91 in FY 2021). Revenue: ₹968.4m (up 116% from FY 2021). Net income: ₹193.5m (up 89% from FY 2021). Profit margin: 20% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. 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 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₹192, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 33x in the Real Estate industry in India. Total returns to shareholders of 83% over the past three years. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹5.37 (up from ₹1.69 in 3Q 2021). Revenue: ₹685.5m (up 347% from 3Q 2021). Net income: ₹112.3m (up 218% from 3Q 2021). Profit margin: 16% (down from 23% 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 41% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹2.02 (vs ₹1.11 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹124.4m (up 49% from 2Q 2021). Net income: ₹42.3m (up 80% from 2Q 2021). Profit margin: 34% (up from 28% in 2Q 2021). The increase in margin was driven by higher revenue. Recent Insider Transactions • Sep 23
Insider recently sold ₹146m worth of stock On the 20th of September, Tejal Kothari sold around 983k shares on-market at roughly ₹148 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₹75m more than they sold in the last 12 months. Upcoming Dividend • Aug 25
Upcoming dividend of ₹1.90 per share Eligible shareholders must have bought the stock before 01 September 2021. Payment date: 28 October 2021. Trailing yield: 1.3%. Lower than top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.6%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹1.27 (vs ₹0.78 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: ₹86.8m (up 77% from 1Q 2021). Net income: ₹26.6m (up 59% from 1Q 2021). Profit margin: 31% (down from 34% in 1Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹138, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 15% over the past three years. Executive Departure • Aug 03
Woman Independent Director Rupal Desai has left the company On the 26th of July, Rupal Desai's tenure as Woman Independent Director ended after 2.1 years in the role. We don't have any record of a personal shareholding under Rupal's name. Rupal is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.25 years. Board Change • Jul 29
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Additional Independent Women Director Neha Bandyopadhyay was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 17% share price gain to ₹185, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₹162, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 20% over the past three years. Recent Insider Transactions • Jun 14
Insider recently bought ₹133m worth of stock On the 10th of June, Meena Kothari bought around 1m shares on-market at roughly ₹133 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹221m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 27% share price gain to ₹142, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 28x in the Real Estate industry in India. Total loss to shareholders of 3.5% over the past three years. Recent Insider Transactions • Jun 04
Insider recently sold ₹232k worth of stock On the 31st of May, Kaushalya Agarwal sold around 2k shares on-market at roughly ₹120 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 28
Full year 2021 earnings released: EPS ₹4.87 (vs ₹7.61 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹449.3m (down 1.6% from FY 2020). Net income: ₹102.7m (down 36% from FY 2020). Profit margin: 23% (down from 35% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 17
New 90-day high: ₹94.55 The company is up 28% from its price of ₹73.80 on 19 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 44% over the same period. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS ₹1.69 (vs ₹0.66 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹153.3m (up 102% from 3Q 2020). Net income: ₹35.3m (up 143% from 3Q 2020). Profit margin: 23% (up from 19% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 13
New 90-day high: ₹94.00 The company is up 50% from its price of ₹62.80 on 15 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 55% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: ₹76.10 The company is up 5.0% from its price of ₹72.60 on 02 September 2020. The Indian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 16% over the same period. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of ₹84.0m, down 72% from the prior year. Total revenue was ₹279.0m over the last 12 months, down 77% from the prior year. Valuation Update With 7 Day Price Move • Oct 28
Market bids up stock over the past week After last week's 16% share price gain to ₹75.55, the stock is trading at a trailing P/E ratio of 14.1x, up from the previous P/E ratio of 12.2x. This compares to an average P/E of 14x in the Real Estate industry in India. Total return to shareholders over the past three years is a loss of 52%. Is New 90 Day High Low • Oct 16
New 90-day low: ₹62.80 The company is down 7.0% from its price of ₹67.75 on 17 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 9.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₹64.95 The company is down 6.0% from its price of ₹69.05 on 26 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is flat over the same period.