Valuation Update With 7 Day Price Move • 21h
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹177, the stock trades at a trailing P/E ratio of 62.7x. Average trailing P/E is 23x in the IT industry in India. Total returns to shareholders of 371% over the past three years. Reported Earnings • May 05
Full year 2026 earnings released: EPS: ₹2.82 (vs ₹1.75 in FY 2025) Full year 2026 results: EPS: ₹2.82 (up from ₹1.75 in FY 2025). Revenue: ₹3.42b (up 19% from FY 2025). Net income: ₹357.3m (up 61% from FY 2025). Profit margin: 10% (up from 7.7% 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 41% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹146, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 22x in the IT industry in India. Total returns to shareholders of 327% over the past three years. Duyuru • Apr 23
Silver Touch Technologies Limited to Report Q4, 2026 Results on Apr 30, 2026 Silver Touch Technologies Limited announced that they will report Q4, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹123, the stock trades at a trailing P/E ratio of 49.3x. Average trailing P/E is 21x in the IT industry in India. Total returns to shareholders of 244% over the past three years. New Risk • Mar 05
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹1.71b market cap, or US$18.6m). Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: ₹8.69 (vs ₹4.15 in 3Q 2025) Third quarter 2026 results: EPS: ₹8.69 (up from ₹4.15 in 3Q 2025). Revenue: ₹963.4m (up 32% from 3Q 2025). Net income: ₹110.1m (up 109% from 3Q 2025). Profit margin: 11% (up from 7.2% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 24
Silver Touch Technologies Limited to Report Q3, 2026 Results on Feb 02, 2026 Silver Touch Technologies Limited announced that they will report Q3, 2026 results on Feb 02, 2026 New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.1% 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 Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,012, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 186% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹878, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 158% over the past three years. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹5.89 (vs ₹3.47 in 2Q 2025) Second quarter 2026 results: EPS: ₹5.89 (up from ₹3.47 in 2Q 2025). Revenue: ₹855.2m (up 16% from 2Q 2025). Net income: ₹74.6m (up 70% from 2Q 2025). Profit margin: 8.7% (up from 5.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 03
Silver Touch Technologies Limited to Report Q2, 2026 Results on Nov 10, 2025 Silver Touch Technologies Limited announced that they will report Q2, 2026 results on Nov 10, 2025 New Risk • Sep 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.82b (US$100.0m) 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Aug 12
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 19 August 2025. Payment date: 25 September 2025. Payout ratio is a comfortable 2.9% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (3.2%). Duyuru • Aug 01
Silver Touch Technologies Limited, Annual General Meeting, Aug 26, 2025 Silver Touch Technologies Limited, Annual General Meeting, Aug 26, 2025, at 13:00 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2026 earnings released: EPS: ₹3.18 (vs ₹2.62 in 1Q 2025) First quarter 2026 results: EPS: ₹3.18 (up from ₹2.62 in 1Q 2025). Revenue: ₹632.0m (up 12% from 1Q 2025). Net income: ₹40.4m (up 22% from 1Q 2025). Profit margin: 6.4% (up from 5.9% 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 43% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 01
Silver Touch Technologies Limited Recommends Dividend for the Financial Year Ended March 31, 2025 Silver Touch Technologies Limited recommended a dividend for the Financial Year Ended March 31, 2025 of INR 0.50 per equity share of INR 10 each (that is 5% per equity share), subject to approval by the members of the Company at the 31st AGM. Record Date: 19th August, 2025. Duyuru • Jul 24
Silver Touch Technologies Limited to Report Q1, 2026 Results on Jul 31, 2025 Silver Touch Technologies Limited announced that they will report Q1, 2026 results on Jul 31, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹803, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 183% over the past three years. Reported Earnings • May 10
Full year 2025 earnings released: EPS: ₹17.50 (vs ₹12.67 in FY 2024) Full year 2025 results: EPS: ₹17.50 (up from ₹12.67 in FY 2024). Revenue: ₹2.92b (up 30% from FY 2024). Net income: ₹222.0m (up 38% from FY 2024). Profit margin: 7.6% (up from 7.2% 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 44% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 08
Chairman & MD recently bought ₹1.1m worth of stock On the 5th of March, Vipul Thakkar bought around 2k shares on-market at roughly ₹633 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Vipul has been a buyer over the last 12 months, purchasing a net total of ₹1.6m worth in shares. Recent Insider Transactions • Feb 17
Chairman & MD recently bought ₹368k worth of stock On the 14th of February, Vipul Thakkar bought around 552 shares on-market at roughly ₹667 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹867k. Vipul has been a buyer over the last 12 months, purchasing a net total of ₹63k worth in shares. Recent Insider Transactions • Feb 10
Chairman & MD recently bought ₹713k worth of stock On the 5th of February, Vipul Thakkar bought around 1k shares on-market at roughly ₹661 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹867k. Despite this recent buy, Vipul has been a net seller over the last 12 months, reducing personal holdings by ₹305k. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: ₹4.15 (vs ₹3.90 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.15 (up from ₹3.90 in 3Q 2024). Revenue: ₹743.9m (up 42% from 3Q 2024). Net income: ₹52.6m (up 6.3% from 3Q 2024). Profit margin: 7.1% (down from 9.5% 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 44% per year whereas the company’s share price has increased by 49% per year. Duyuru • Jan 31
Silver Touch Technologies Limited Appoints Kashish Purohit as the Company Secretary and Compliance Officer Silver Touch Technologies Limited announced the appointment of Ms. Kashish Purohit as the Company Secretary and Compliance Officer of the Company w.e.f. 31st January, 2025. Ms. Kashish Purohit is a dedicated and accomplished Associate Member of the Institute of Company Secretaries of India (ICSI), having earned her membership in 2021. She successfully completed the Company Secretary course in December 2021. She holds a Bachelor's degree in Commerce from The Maharaja Sayajirao University of Baroda, which she completed in the same year. Additionally, she is pursuing a Bachelor's in Law (General) from the same university, further expanding her academic
credentials. With a professional experience in a renowned group, Ms. Purohit has gained valuable exposure to both listed and unlisted companies. During this time, she has honed her skills and contributed effectively in various corporate governance, compliance, and legal matters. New Risk • Jan 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.39b (US$96.7m) 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. This is currently the only risk that has been identified for the company. Duyuru • Jan 10
Silver Touch Technologies Limited Announces Resignation of CS Vishnu Thaker as Company Secretary & Compliance Officer Silver Touch Technologies Limited announce the resignation of CS Vishnu Thaker as Company Secretary & Compliance Officer to pursue better Career opportunity outside the Company with effect from the closing of business hours of 10 January, 2025. Recent Insider Transactions • Jan 01
Chairman & MD recently bought ₹83k worth of stock On the 26th of December, Vipul Thakkar bought around 120 shares on-market at roughly ₹691 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹783k. Despite this recent buy, Vipul has been a net seller over the last 12 months, reducing personal holdings by ₹2.1m. New Risk • Dec 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.45b (US$99.8m) 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. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Nov 21
Chairman & MD recently bought ₹456k worth of stock On the 18th of November, Vipul Thakkar bought around 650 shares on-market at roughly ₹701 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Vipul has been a net seller over the last 12 months, reducing personal holdings by ₹12m. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹3.47 (vs ₹2.84 in 2Q 2024) Second quarter 2025 results: EPS: ₹3.47 (up from ₹2.84 in 2Q 2024). Revenue: ₹748.5m (up 45% from 2Q 2024). Net income: ₹44.0m (up 22% from 2Q 2024). Profit margin: 5.9% (down from 7.0% 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 47% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 13
Silver Touch Technologies Limited Approves Final Dividend for the Financial Year 2023-24 Silver Touch Technologies Limited announced that at the AGM held on 12 September, 2024 approved Final Dividend of INR 0.50 per Equity Share (5%) of the Face value of INR 10 Each for the financial year 2023-24. Upcoming Dividend • Aug 30
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 12 October 2024. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (1.7%). Duyuru • Aug 13
Silver Touch Technologies Limited, Annual General Meeting, Sep 12, 2024 Silver Touch Technologies Limited, Annual General Meeting, Sep 12, 2024, at 16:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹2.62 (vs ₹1.16 in 1Q 2024) First quarter 2025 results: EPS: ₹2.62 (up from ₹1.16 in 1Q 2024). Revenue: ₹568.0m (up 34% from 1Q 2024). Net income: ₹33.2m (up 126% from 1Q 2024). Profit margin: 5.8% (up from 3.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 05
Silver Touch Technologies Limited to Report Q1, 2025 Results on Aug 12, 2024 Silver Touch Technologies Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹12.67 (vs ₹7.66 in FY 2023) Full year 2024 results: EPS: ₹12.67 (up from ₹7.66 in FY 2023). Revenue: ₹2.27b (up 39% from FY 2023). Net income: ₹160.6m (up 65% from FY 2023). Profit margin: 7.1% (up from 5.9% 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 60% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 02
Key Executive recently sold ₹6.4m worth of stock On the 28th of March, Jignesh Patel sold around 10k shares on-market at roughly ₹645 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jignesh's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 21
Chairman & MD recently sold ₹5.8m worth of stock On the 18th of March, Vipul Thakkar sold around 9k shares on-market at roughly ₹645 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹6.9m. Vipul has been a net seller over the last 12 months, reducing personal holdings by ₹13m. New Risk • Mar 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.13b (US$98.2m) 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 Significant insider selling over the past 3 months (₹6.9m sold). Market cap is less than US$100m (₹8.13b market cap, or US$98.2m). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹3.90 (vs ₹1.71 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.90 (up from ₹1.71 in 3Q 2023). Revenue: ₹536.2m (up 17% from 3Q 2023). Net income: ₹49.5m (up 128% from 3Q 2023). Profit margin: 9.2% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 10
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 9.4% 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 (9.4% average weekly change). Earnings have declined by 3.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹8.20b market cap, or US$98.5m). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹539, the stock trades at a trailing P/E ratio of 69.2x. Average trailing P/E is 38x in the IT industry in India. Total returns to shareholders of 480% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹547, the stock trades at a trailing P/E ratio of 70.2x. Average trailing P/E is 36x in the IT industry in India. Total returns to shareholders of 514% over the past three years. Duyuru • Aug 30
Silver Touch Technologies Limited, Annual General Meeting, Sep 20, 2023 Silver Touch Technologies Limited, Annual General Meeting, Sep 20, 2023, at 12:00 Indian Standard Time. Agenda: To Consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31,2023 and the reports of the Board of Directors ("the Board") and auditors thereon and, in this regard; to appoint Statutory Auditor and fix their remuneration and in this regard to consider and if thought fit, with or without modification; and to consider other business matters. Board Change • Aug 21
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. No experienced directors. 8 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Piyushkumar Sinha was the last independent 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: Minority of independent directors. Insufficient board refreshment. Duyuru • Aug 17
Silver Touch Technologies Limited Announces Resignation of Mr. Jigar Shah as Independent Director Silver Touch Technologies Limited informed that Mr. Jigar Shah, Independent Director has resigned from the Board of Directors with effect from August 16, 2023 due to personal reasons. The required details under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the copy of the resignation letter is enclosed. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹1.16 (vs ₹1.03 in 1Q 2023) First quarter 2024 results: EPS: ₹1.16 (up from ₹1.03 in 1Q 2023). Revenue: ₹433.9m (up 30% from 1Q 2023). Net income: ₹14.7m (up 12% from 1Q 2023). Profit margin: 3.4% (down from 3.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 15
Silver Touch Technologies Limited (NSEI:SILVERTUC) acquired additional 51% stake in Shark Identity Private Limited for INR 69 million. Silver Touch Technologies Limited (NSEI:SILVERTUC) acquired additional 51% stake in Shark Identity Private Limited for INR 69 million on August 14, 2023.Silver Touch Technologies Limited (NSEI:SILVERTUC) completed the acquisition of additional 51% stake in Shark Identity Private Limited for INR 69 million on August 14, 2023. Duyuru • Aug 08
Silver Touch Technologies Limited to Report Q1, 2024 Results on Aug 14, 2023 Silver Touch Technologies Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹7.66 (vs ₹4.97 in FY 2022) Full year 2023 results: EPS: ₹7.66 (up from ₹4.97 in FY 2022). Revenue: ₹1.66b (up 19% from FY 2022). Net income: ₹97.1m (up 54% from FY 2022). Profit margin: 5.8% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 52% per year. Duyuru • May 23
Silver Touch Technologies Limited to Report Q4, 2023 Results on May 29, 2023 Silver Touch Technologies Limited announced that they will report Q4, 2023 results on May 29, 2023 Recent Insider Transactions • May 10
Insider recently sold ₹376k worth of stock On the 5th of May, Namrata Shah sold around 1k shares on-market at roughly ₹338 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹638k more than they bought in the last 12 months. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹1.71 (vs ₹1.41 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.71 (up from ₹1.41 in 3Q 2022). Revenue: ₹460.9m (up 23% from 3Q 2022). Net income: ₹21.7m (up 21% from 3Q 2022). Profit margin: 4.7% (down from 4.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 07
Silver Touch Technologies Limited to Report Q3, 2023 Results on Feb 13, 2023 Silver Touch Technologies Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released Second quarter 2023 results: EPS: ₹1.63. Net income: ₹21.4m (up ₹21.4m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 02
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 09 September 2022. Payment date: 19 October 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (2.0%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹1.03 (vs ₹1.08 in 1Q 2022) First quarter 2023 results: EPS: ₹1.03 (down from ₹1.08 in 1Q 2022). Revenue: ₹339.4m (up 5.2% from 1Q 2022). Net income: ₹13.1m (down 3.9% from 1Q 2022). Profit margin: 3.9% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 17% share price gain to ₹317, the stock trades at a trailing P/E ratio of 63.6x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 167% over the past three years. Upcoming Dividend • Jun 02
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (1.8%). Reported Earnings • Jun 01
Full year 2022 earnings released Full year 2022 results: Revenue: ₹1.41b (down 7.5% from FY 2021). Net income: ₹63.1m (up ₹53.2m from FY 2021). Profit margin: 4.5% (up from 0.6% in FY 2021). The increase in margin was driven by lower expenses. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Non Executive Independent Director Gayatri Doctor was the last independent director to join the board, commencing their role in 2014. 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 • Apr 19
Investor sentiment improved over the past week After last week's 21% share price gain to ₹212, the stock trades at a trailing P/E ratio of 74x. Average trailing P/E is 32x in the IT industry in India. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 15% share price gain to ₹190, the stock trades at a trailing P/E ratio of 66.3x. Average trailing P/E is 32x in the IT industry in India. Total returns to shareholders of 57% over the past three years. Recent Insider Transactions • Jan 31
Board Member recently bought ₹171k worth of stock On the 24th of January, Minesh Doshi bought around 1k shares on-market at roughly ₹171 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹2.0m. Insiders have collectively bought ₹11m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 02
Board Member recently bought ₹1.0m worth of stock On the 30th of December, Minesh Doshi bought around 7k shares on-market at roughly ₹144 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹2.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 27
Chairman & MD recently bought ₹1.4m worth of stock On the 25th of August, Vipul Thakkar bought around 10k shares on-market at roughly ₹143 per share. This was the largest purchase by an insider in the last 3 months. Vipul has been a buyer over the last 12 months, purchasing a net total of ₹1.6m worth in shares. Upcoming Dividend • Jul 22
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 09 September 2021. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.2%). Reported Earnings • Jun 09
Full year 2021 earnings released: EPS ₹0.78 (vs ₹4.15 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.53b (down 19% from FY 2020). Net income: ₹9.89m (down 81% from FY 2020). Profit margin: 0.6% (down from 2.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jan 29
Chairman & MD recently bought ₹276k worth of stock On the 25th of January, Vipul Thakkar bought around 3k shares on-market at roughly ₹92.00 per share. This was the largest purchase by an insider in the last 3 months. Vipul has been a buyer over the last 12 months, purchasing a net total of ₹583k worth in shares. Recent Insider Transactions • Jan 23
Whole Time Director & CFO recently bought ₹94k worth of stock On the 18th of January, Palak Shah bought around 1k shares on-market at roughly ₹93.50 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹192k. This was Palak's only on-market trade for the last 12 months. Recent Insider Transactions • Jan 20
Chairman & MD recently bought ₹374k worth of stock On the 18th of January, Vipul Thakkar bought around 4k shares on-market at roughly ₹93.50 per share. This was the largest purchase by an insider in the last 3 months. Vipul has been a buyer over the last 12 months, purchasing a net total of ₹681k worth in shares. Recent Insider Transactions • Jan 06
Chairman & MD recently bought ₹184k worth of stock On the 31st of December, Vipul Thakkar bought around 2k shares on-market at roughly ₹92.00 per share. This was the largest purchase by an insider in the last 3 months. Vipul has been a buyer over the last 12 months, purchasing a net total of ₹299k worth in shares. Recent Insider Transactions • Dec 18
Chairman & MD recently bought ₹587k worth of stock On the 15th of December, Vipul Thakkar bought around 6k shares on-market at roughly ₹97.90 per share. This was the largest purchase by an insider in the last 3 months. Vipul has been a buyer over the last 12 months, purchasing a net total of ₹702k worth in shares.