New Risk • May 22
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: 9.0% Last year net profit margin: 24% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 22
Full year 2026 earnings released: EPS: ₹27.26 (vs ₹62.56 in FY 2025) Full year 2026 results: EPS: ₹27.26 (down from ₹62.56 in FY 2025). Revenue: ₹4.84b (up 14% from FY 2025). Net income: ₹436.0m (down 56% from FY 2025). Profit margin: 9.0% (down from 24% in FY 2025). 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 only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • May 13
Control Print Limited to Report Q4, 2026 Results on May 20, 2026 Control Print Limited announced that they will report Q4, 2026 results on May 20, 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 ₹607, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 25x in the Electronic industry in India. Total returns to shareholders of 17% over the past three years. New Risk • Mar 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.12b (US$96.2m) 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. This is currently the only risk that has been identified for the company. Declared Dividend • Jan 31
Dividend of ₹4.00 announced Shareholders will receive a dividend of ₹4.00. Ex-date: 6th February 2026 Payment date: 28th February 2026 Dividend yield will be 1.6%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: ₹3.29 (vs ₹5.17 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.29 (down from ₹5.17 in 3Q 2025). Revenue: ₹1.19b (up 15% from 3Q 2025). Net income: ₹52.6m (down 36% from 3Q 2025). Profit margin: 4.4% (down from 8.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 22
Control Print Limited to Report Q3, 2026 Results on Jan 29, 2026 Control Print Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹11.62 (vs ₹8.43 in 2Q 2025) Second quarter 2026 results: EPS: ₹11.62 (up from ₹8.43 in 2Q 2025). Revenue: ₹1.10b (up 8.5% from 2Q 2025). Net income: ₹185.9m (up 38% from 2Q 2025). Profit margin: 17% (up from 13% 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 26% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 08
Control Print Limited to Report Q2, 2026 Results on Nov 13, 2025 Control Print Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Nov 13, 2025 Duyuru • Jul 14
Control Print Limited to Report Q1, 2026 Results on Jul 21, 2025 Control Print Limited announced that they will report Q1, 2026 results on Jul 21, 2025 Reported Earnings • Jul 01
Full year 2025 earnings released: EPS: ₹62.56 (vs ₹33.64 in FY 2024) Full year 2025 results: EPS: ₹62.56 (up from ₹33.64 in FY 2024). Revenue: ₹4.25b (up 18% from FY 2024). Net income: ₹1.00b (up 84% from FY 2024). Profit margin: 24% (up from 15% 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 18% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 30
Control Print Limited, Annual General Meeting, Jul 21, 2025 Control Print Limited, Annual General Meeting, Jul 21, 2025, at 16:30 Indian Standard Time. New Risk • May 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.7% per year for the foreseeable future. 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 profits are expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 7.7% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Buy Or Sell Opportunity • May 22
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.9% to ₹650. The fair value is estimated to be ₹542, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Duyuru • May 16
Control Print Limited to Report Q4, 2025 Results on May 23, 2025 Control Print Limited announced that they will report Q4, 2025 results on May 23, 2025 Buy Or Sell Opportunity • Apr 15
Now 22% overvalued Over the last 90 days, the stock has fallen 8.3% to ₹664. The fair value is estimated to be ₹544, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Recent Insider Transactions • Mar 19
Executive Chairman & MD recently bought ₹3.1m worth of stock On the 11th of March, Basant Kumar Kabra bought around 5k shares on-market at roughly ₹610 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, there was an even bigger purchase from another insider worth ₹3.7m. Basant Kumar has been a buyer over the last 12 months, purchasing a net total of ₹9.7m worth in shares. Buy Or Sell Opportunity • Mar 07
Now 22% overvalued Over the last 90 days, the stock has fallen 12% to ₹649. The fair value is estimated to be ₹531, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Recent Insider Transactions • Mar 01
Joint MD & Whole-Time Director recently bought ₹3.7m worth of stock On the 21st of February, Shiva Kabra bought around 6k shares on-market at roughly ₹609 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. Shiva has been a buyer over the last 12 months, purchasing a net total of ₹5.5m worth in shares. Recent Insider Transactions • Feb 26
Joint MD & Whole-Time Director recently bought ₹1.9m worth of stock On the 18th of February, Shiva Kabra bought around 3k shares on-market at roughly ₹620 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. This was Shiva's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Feb 05
Now 21% overvalued Over the last 90 days, the stock has fallen 4.8% to ₹679. The fair value is estimated to be ₹561, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Declared Dividend • Jan 22
Dividend of ₹4.00 announced Dividend of ₹4.00 is the same as last year. Ex-date: 24th January 2025 Payment date: 17th February 2025 Dividend yield will be 1.3%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (31% 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 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 19
Third quarter 2025 earnings released: EPS: ₹5.17 (vs ₹8.41 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.17 (down from ₹8.41 in 3Q 2024). Revenue: ₹1.03b (up 17% from 3Q 2024). Net income: ₹82.7m (down 39% from 3Q 2024). Profit margin: 8.0% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 18
Control Print Limited Declares Interim Dividend for the Financial Year 2024-25, Payable on or After January 31, 2025 The Board of Directors of Control Print Limited at its meeting held on January 18, 2025, Declared an Interim Dividend of INR 4 per equity share (40%) on the face value of INR 10 per share for the Financial Year 2024-25, and that the record date to determine the names of members eligible for receipt of an interim dividend will be January 24, 2025. The dividend will be paid on or after January 31, 2025. Duyuru • Jan 12
Control Print Limited to Report Q3, 2025 Results on Jan 18, 2025 Control Print Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Jan 18, 2025 Buy Or Sell Opportunity • Nov 18
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to ₹688. The fair value is estimated to be ₹572, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹8.43 (vs ₹8.68 in 2Q 2024) Second quarter 2025 results: EPS: ₹8.43 (down from ₹8.68 in 2Q 2024). Revenue: ₹1.04b (up 20% from 2Q 2024). Net income: ₹134.9m (down 4.5% from 2Q 2024). Profit margin: 13% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 18
Control Print Limited to Report Q2, 2025 Results on Oct 25, 2024 Control Print Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Duyuru • Aug 02
Control Print Limited to Report Q1, 2025 Results on Aug 09, 2024 Control Print Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • Jul 22
Full year 2024 earnings released: EPS: ₹33.76 (vs ₹32.36 in FY 2023) Full year 2024 results: EPS: ₹33.76 (up from ₹32.36 in FY 2023). Revenue: ₹3.59b (up 18% from FY 2023). Net income: ₹545.1m (up 3.1% from FY 2023). Profit margin: 15% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of ₹5.00 announced Dividend of ₹5.00 is the same as last year. Ex-date: 26th July 2024 Payment date: 9th August 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not covered by cash flows (180% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 39% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 15
Control Print Limited, Annual General Meeting, Aug 09, 2024 Control Print Limited, Annual General Meeting, Aug 09, 2024. Reported Earnings • May 12
Full year 2024 earnings released: EPS: ₹33.76 (vs ₹32.36 in FY 2023) Full year 2024 results: EPS: ₹33.76 (up from ₹32.36 in FY 2023). Revenue: ₹3.63b (up 19% from FY 2023). Net income: ₹545.1m (up 3.1% from FY 2023). Profit margin: 15% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 07
Control Print Limited to Report Q4, 2024 Results on May 11, 2024 Control Print Limited announced that they will report Q4, 2024 results at 12:15 PM, Indian Standard Time on May 11, 2024 Duyuru • Apr 04
Control Print Limited Announces Cessation of Shyam Sunder Jangid and Gaurav Himatsingka as Independent Directors Control Print Limited announced that Mr. Shyam Sunder Jangid (DIN - 01186353) and Mr. Gaurav Himatsingka (DIN - 00050776), Independent directors of the Company has completed his second and final term and consequently ceased to be the directors of the Company w.e.f. the close of business hours on 31st March, 2024. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹847, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 55x in the Electronic industry in India. Total returns to shareholders of 284% over the past three years. Upcoming Dividend • Jan 26
Upcoming dividend of ₹4.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 02 February 2024. Payment date: 21 February 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.9%). Reported Earnings • Jan 23
Third quarter 2024 earnings released: EPS: ₹8.41 (vs ₹8.26 in 3Q 2023) Third quarter 2024 results: EPS: ₹8.41. Revenue: ₹889.9m (up 14% from 3Q 2023). Net income: ₹134.5m (flat on 3Q 2023). Profit margin: 15% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in India. Duyuru • Jan 11
Control Print Limited Announces Resignation of Rakesh Agarwal as Independent Director Control Print Limited announced that Mr. Rakesh Agarwal, independent director of the company has given notice of resignation from post of independent director from close of business hours January 11, 2024. Director of following Listed Entity: Styrenix Performance Materials Limited Whole Time Director; Shri Dinesh Mills Limited Independent Director. Chairman of following Committees of the Board: Styrenix Performance Materials Limited Chairman of Risk Management Committee & CSR Committee; Shri Dinesh Mills Limited Chairman of Audit Committee & Stakeholder Relationship Committee. Member of following Committees of the Board: Styrenix Performance Materials Limited - Member of Audit Committee, Nomination Remuneration Committee, & Stakeholder Relationship Committee; Shri Dinesh Mills Limited Member of Nomination Remuneration Committee. Reported Earnings • Oct 22
Second quarter 2024 earnings released: EPS: ₹8.68 (vs ₹7.00 in 2Q 2023) Second quarter 2024 results: EPS: ₹8.68 (up from ₹7.00 in 2Q 2023). Revenue: ₹876.0m (up 22% from 2Q 2023). Net income: ₹141.2m (up 24% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 14
Control Print Limited to Report Q2, 2024 Results on Oct 21, 2023 Control Print Limited announced that they will report Q2, 2024 results at 12:15 PM, Indian Standard Time on Oct 21, 2023 Price Target Changed • Oct 11
Price target increased by 11% to ₹781 Up from ₹703, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹808. Stock is up 90% over the past year. The company is forecast to post earnings per share of ₹38.50 for next year compared to ₹32.36 last year. Duyuru • Aug 03
Control Print Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 Control Print Limited announced that at the AGM was held on July 31, 2023, the company approved the final dividend of INR 5.00/- per equity share (Face Value of INR 10/-) each for the financial year ended March 31, 2023. Duyuru • Aug 01
Control Print Limited (BSE:522295) announces an Equity Buyback for 337,500 shares, representing 2.07% for INR 270 million. Control Print Limited (BSE:522295) announces a share repurchase program. Under the program, the company will repurchase up to 337,500 shares, representing 2.07% of its issued share capital, for INR 270 million. The shares will be repurchased at a price of INR 800 per share. The company has fixed August 18, 2023, as the record date for the offer, As of July 28, 2023, the company had 16,331,712 shares in issue. Duyuru • Jul 25
Control Print Limited to Report Q1, 2024 Results on Jul 31, 2023 Control Print Limited announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Jul 11
Full year 2023 earnings released: EPS: ₹32.36 (vs ₹24.55 in FY 2022) Full year 2023 results: EPS: ₹32.36 (up from ₹24.55 in FY 2022). Revenue: ₹3.04b (up 19% from FY 2022). Net income: ₹528.5m (up 32% from FY 2022). Profit margin: 17% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of ₹5.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 14 July 2023. Payment date: 30 August 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.0%). Reported Earnings • May 03
Full year 2023 earnings released: EPS: ₹32.36 (vs ₹24.55 in FY 2022) Full year 2023 results: EPS: ₹32.36 (up from ₹24.55 in FY 2022). Revenue: ₹3.08b (up 20% from FY 2022). Net income: ₹528.5m (up 32% from FY 2022). Profit margin: 17% (up from 16% 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 29% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jan 27
Upcoming dividend of ₹4.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 03 February 2023. Payment date: 20 February 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.0%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (1.1%). Reported Earnings • Jan 22
Third quarter 2023 earnings released: EPS: ₹8.26 (vs ₹5.56 in 3Q 2022) Third quarter 2023 results: EPS: ₹8.26 (up from ₹5.56 in 3Q 2022). Revenue: ₹790.4m (up 27% from 3Q 2022). Net income: ₹134.8m (up 48% from 3Q 2022). Profit margin: 17% (up from 15% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 22
Control Print Limited Declares Interim Dividend for the Fiscal Year 2023, Payable on or After February 8, 2023 Control Print Limited at its board meeting held on January 21, 2023, declared an Interim Dividend of INR 4 per equity share (40%) on the face value of INR 10 per share for the fiscal year 2023, and that the record date for the purpose of determining the names of members eligible for receipt of the interim dividend will be February 3, 2023. The dividend will be paid on or after February 8, 2023. Duyuru • Jan 13
Control Print Limited to Report Q3, 2023 Results on Jan 21, 2023 Control Print Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Jan 21, 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. 1 experienced director. 5 highly experienced directors. Non-Executive Independent Director Shruti Jatia was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 21
Second quarter 2023 earnings released: EPS: ₹7.00 (vs ₹6.02 in 2Q 2022) Second quarter 2023 results: EPS: ₹7.00 (up from ₹6.02 in 2Q 2022). Revenue: ₹725.6m (up 16% from 2Q 2022). Net income: ₹114.3m (up 16% from 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Board Change • Aug 21
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. 1 experienced director. 5 highly experienced directors. Non-Executive Independent Director Shruti Jatia was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 21
Full year 2022 earnings released: EPS: ₹24.55 (vs ₹17.79 in FY 2021) Full year 2022 results: EPS: ₹24.55 (up from ₹17.79 in FY 2021). Revenue: ₹2.58b (up 27% from FY 2021). Net income: ₹401.0m (up 38% from FY 2021). Profit margin: 16% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
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. 1 experienced director. 5 highly experienced directors. Non-Executive Independent Director Shruti Jatia was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₹473, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 37x in the Electronic industry in India. Total returns to shareholders of 102% over the past three years. Recent Insider Transactions • Apr 03
Executive Chairman & MD recently bought ₹357k worth of stock On the 31st of March, Basant Kumar Kabra bought around 1k shares on-market at roughly ₹357 per share. In the last 3 months, they made an even bigger purchase worth ₹2.1m. Basant Kumar has been a buyer over the last 12 months, purchasing a net total of ₹2.4m worth in shares. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 17% share price gain to ₹421, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 36x in the Electronic industry in India. Total returns to shareholders of 72% over the past three years. Recent Insider Transactions • Feb 27
Executive Chairman & MD recently bought ₹2.1m worth of stock On the 24th of February, Basant Kumar Kabra bought around 6k shares on-market at roughly ₹347 per share. This was the largest purchase by an insider in the last 3 months. This was Basant Kumar's only on-market trade for the last 12 months. Upcoming Dividend • Jan 31
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 07 February 2022. Payment date: 26 February 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.2%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.7%). Reported Earnings • Jan 28
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹5.56 (up from ₹4.73 in 3Q 2021). Revenue: ₹626.9m (up 15% from 3Q 2021). Net income: ₹90.9m (up 18% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 06
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. 1 experienced director. 5 highly experienced directors. Non-Executive Independent Director Shruti Jatia was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 23
Second quarter 2022 earnings released: EPS ₹6.02 (vs ₹4.55 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹629.3m (up 19% from 2Q 2021). Net income: ₹98.3m (up 32% from 2Q 2021). Profit margin: 16% (up from 14% in 2Q 2021). The increase in margin was driven by higher revenue. Executive Departure • Aug 05
Compliance Officer & Company Secretary Reena Shah has left the company On the 31st of July, Reena Shah's tenure as Compliance Officer & Company Secretary ended after 4.5 years in the role. We don't have any record of a personal shareholding under Reena's name. Reena is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.58 years. Upcoming Dividend • Jul 02
Upcoming dividend of ₹4.50 per share Eligible shareholders must have bought the stock before 09 July 2021. Payment date: 18 August 2021. Trailing yield: 2.3%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.8%). Reported Earnings • Jun 30
Full year 2021 earnings released: EPS ₹17.79 (vs ₹16.13 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹2.04b (up 4.5% from FY 2020). Net income: ₹290.5m (up 10% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₹368, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 22x in the Electronic industry in India. Total loss to shareholders of 7.0% over the past three years. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improved over the past week After last week's 19% share price gain to ₹301, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 20x in the Electronic industry in India. Total loss to shareholders of 26% over the past three years. Reported Earnings • Apr 25
Full year 2021 earnings released: EPS ₹17.79 (vs ₹16.13 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹2.04b (up 4.8% from FY 2020). Net income: ₹290.5m (up 10% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₹266, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 20x in the Electronic industry in India. Total loss to shareholders of 31% over the past three years. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS ₹4.73 (vs ₹5.40 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹547.8m (up 16% from 3Q 2020). Net income: ₹77.2m (down 12% from 3Q 2020). Profit margin: 14% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 19% per year.