New Risk • Jun 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 30% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (30% accrual ratio). Market cap is less than US$10m (₹94.3m market cap, or US$996.3k). Minor Risk Revenue is less than US$5m (₹152m revenue, or US$1.6m). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹30.35, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 23x in the IT industry in India. Total loss to shareholders of 43% over the past year. New Risk • May 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (₹107.4m market cap, or US$1.13m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Revenue is less than US$5m (₹126m revenue, or US$1.3m). Reported Earnings • May 15
Full year 2026 earnings released: EPS: ₹12.20 (vs ₹6.12 in FY 2025) Full year 2026 results: EPS: ₹12.20 (up from ₹6.12 in FY 2025). Revenue: ₹357.9m (up 171% from FY 2025). Net income: ₹35.4m (up 99% from FY 2025). Profit margin: 9.9% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Duyuru • May 07
Euphoria Infotech (India) Limited to Report Second Half, 2026 Results on May 13, 2026 Euphoria Infotech (India) Limited announced that they will report second half, 2026 results on May 13, 2026 Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹31.30, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 22x in the IT industry in India. Total loss to shareholders of 27% over the past year. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹24.26, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 20x in the IT industry in India. Total loss to shareholders of 42% over the past year. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹41.86, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 24x in the IT industry in India. Total loss to shareholders of 25% over the past year. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹43.98, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 25x in the IT industry in India. Total loss to shareholders of 32% over the past year. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹39.83, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 26x in the IT industry in India. Total loss to shareholders of 41% over the past year. Reported Earnings • Nov 18
First half 2026 earnings released: EPS: ₹2.28 (vs ₹3.29 in 1H 2025) First half 2026 results: EPS: ₹2.28 (down from ₹3.29 in 1H 2025). Revenue: ₹63.1m (down 9.2% from 1H 2025). Net income: ₹6.61m (down 31% from 1H 2025). Profit margin: 11% (down from 14% in 1H 2025). The decrease in margin was driven by lower revenue. Duyuru • Nov 07
Euphoria Infotech (India) Limited to Report Q2, 2026 Results on Nov 12, 2025 Euphoria Infotech (India) Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹56.99, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 28x in the IT industry in India. Total loss to shareholders of 10% over the past year. Reported Earnings • Aug 28
Full year 2025 earnings released: EPS: ₹6.12 (vs ₹4.38 in FY 2024) Full year 2025 results: EPS: ₹6.12 (up from ₹4.38 in FY 2024). Revenue: ₹132.2m (up 120% from FY 2024). Net income: ₹17.8m (up 93% from FY 2024). Profit margin: 13% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹59.00, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 28x in the IT industry in India. Total loss to shareholders of 17% over the past year. Duyuru • Aug 21
Euphoria Infotech (India) Limited, Annual General Meeting, Sep 16, 2025 Euphoria Infotech (India) Limited, Annual General Meeting, Sep 16, 2025, at 12:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹48.48, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 30x in the IT industry in India. Total loss to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹52.99, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 29x in the IT industry in India. Total loss to shareholders of 17% over the past year. Reported Earnings • May 15
Full year 2025 earnings released: EPS: ₹6.12 (vs ₹4.38 in FY 2024) Full year 2025 results: EPS: ₹6.12 (up from ₹4.38 in FY 2024). Revenue: ₹133.3m (up 122% from FY 2024). Net income: ₹17.8m (up 93% from FY 2024). Profit margin: 13% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹42.27, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 27x in the IT industry in India. Total loss to shareholders of 41% over the past year. Duyuru • May 10
Euphoria Infotech (India) Limited to Report Second Half, 2025 Results on May 12, 2025 Euphoria Infotech (India) Limited announced that they will report second half, 2025 results on May 12, 2025 Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₹47.02, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 25x in the IT industry in India. Total loss to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₹41.00, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 26x in the IT industry in India. Total loss to shareholders of 43% over the past year. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹49.54, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 29x in the IT industry in India. Total loss to shareholders of 40% over the past year. New Risk • Nov 19
New major risk - Revenue and earnings growth Revenue has declined by 18% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 18% over the past year. High level of non-cash earnings (83% accrual ratio). Revenue is less than US$1m (₹60m revenue, or US$713k). Market cap is less than US$10m (₹197.3m market cap, or US$2.34m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Duyuru • Nov 06
Euphoria Infotech (India) Limited to Report Q2, 2025 Results on Nov 13, 2024 Euphoria Infotech (India) Limited announced that they will report Q2, 2025 results on Nov 13, 2024 New Risk • Sep 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 18% over the past year. High level of non-cash earnings (83% accrual ratio). Revenue is less than US$1m (₹60m revenue, or US$719k). Market cap is less than US$10m (₹206.6m market cap, or US$2.47m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Duyuru • Sep 03
Euphoria Infotech (India) Limited, Annual General Meeting, Sep 27, 2024 Euphoria Infotech (India) Limited, Annual General Meeting, Sep 27, 2024, at 14:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹77.10, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 41x in the IT industry in India. New Risk • Jun 14
New major risk - Revenue and earnings growth Revenue has declined by 18% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 18% over the past year. High level of non-cash earnings (83% accrual ratio). Revenue is less than US$1m (₹60m revenue, or US$720k). Market cap is less than US$10m (₹193.3m market cap, or US$2.31m). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). New Risk • Jun 12
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). High level of non-cash earnings (27% accrual ratio). Revenue is less than US$1m (₹74m revenue, or US$882k). Market cap is less than US$10m (₹188.6m market cap, or US$2.26m). Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Duyuru • May 20
Euphoria Infotech (India) Limited to Report Fiscal Year 2024 Results on May 28, 2024 Euphoria Infotech (India) Limited announced that they will report fiscal year 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹80.70, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 38x in the IT industry in India. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹67.13, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 35x in the IT industry in India. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹60.45, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 35x in the IT industry in India.