Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹1,679, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 58x in the Communications industry in India. Total loss to shareholders of 16% over the past three years. New Risk • May 04
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 8.7% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,381, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 56x in the Communications industry in India. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,178, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 54x in the Communications industry in India. Total loss to shareholders of 25% over the past three years. Reported Earnings • Feb 07
Third quarter 2026 earnings released: ₹0.88 loss per share (vs ₹32.99 profit in 3Q 2025) Third quarter 2026 results: ₹0.88 loss per share (down from ₹32.99 profit in 3Q 2025). Revenue: ₹7.17b (down 31% from 3Q 2025). Net loss: ₹10.4m (down 103% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Jan 23
Vindhya Telelinks Limited to Report Q3, 2026 Results on Feb 06, 2026 Vindhya Telelinks Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,578, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 60x in the Communications industry in India. Total returns to shareholders of 1.3% over the past three years. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹49.89 (vs ₹20.55 in 2Q 2025) Second quarter 2026 results: EPS: ₹49.89 (up from ₹20.55 in 2Q 2025). Revenue: ₹9.71b (up 1.9% from 2Q 2025). Net income: ₹591.2m (up 143% from 2Q 2025). Profit margin: 6.1% (up from 2.6% in 2Q 2025). The increase in margin was primarily 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 only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 29
Vindhya Telelinks Limited to Report Q2, 2026 Results on Nov 12, 2025 Vindhya Telelinks Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Upcoming Dividend • Aug 28
Upcoming dividend of ₹16.00 per share Eligible shareholders must have bought the stock before 04 September 2025. Payment date: 12 October 2025. Payout ratio is a comfortable 9.3% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.4%). Duyuru • Aug 21
Vindhya Telelinks Limited Announces Retirement of Dhan Raj Bansal as Non-Executive Non-Independent Director Vindhya Telelinks Limited announced the retirement by rotation of Shri Dhan Raj Bansal (DIN: 00050612), a Non-Executive Non-Independent Director of the Company, who does not seek re-appointment and not to fill up the vacancy so caused, for the time being. Duyuru • Aug 19
Vindhya Telelinks Limited, Annual General Meeting, Sep 12, 2025 Vindhya Telelinks Limited, Annual General Meeting, Sep 12, 2025, at 11:30 Indian Standard Time. Location: udyog vihar, p.o. chorhata, rewa- 486 006 (m.p.), rewa India Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹49.47 (vs ₹24.85 in 1Q 2025) First quarter 2026 results: EPS: ₹49.47 (up from ₹24.85 in 1Q 2025). Revenue: ₹9.12b (up 9.5% from 1Q 2025). Net income: ₹586.2m (up 99% from 1Q 2025). Profit margin: 6.4% (up from 3.5% 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 13% per year whereas the company’s share price has increased by 10% per year. Duyuru • Jul 25
Vindhya Telelinks Limited to Report Q2, 2026 Results on Aug 08, 2025 Vindhya Telelinks Limited announced that they will report Q2, 2026 results on Aug 08, 2025 Reported Earnings • May 23
Full year 2025 earnings released: EPS: ₹171 (vs ₹239 in FY 2024) Full year 2025 results: EPS: ₹171 (down from ₹239 in FY 2024). Revenue: ₹40.7b (flat on FY 2024). Net income: ₹2.03b (down 28% from FY 2024). Profit margin: 5.0% (down from 6.9% in FY 2024). 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 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,532, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 26x in the Communications industry in India. Total returns to shareholders of 62% over the past three years. Duyuru • May 13
Vindhya Telelinks Limited to Report Fiscal Year 2025 Results on May 22, 2025 Vindhya Telelinks Limited announced that they will report fiscal year 2025 results on May 22, 2025 Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹32.99 (vs ₹58.02 in 3Q 2024) Third quarter 2025 results: EPS: ₹32.99 (down from ₹58.02 in 3Q 2024). Revenue: ₹10.4b (down 4.3% from 3Q 2024). Net income: ₹390.9m (down 43% from 3Q 2024). Profit margin: 3.8% (down from 6.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Duyuru • Jan 30
Vindhya Telelinks Limited to Report Q3, 2025 Results on Feb 10, 2025 Vindhya Telelinks Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Duyuru • Nov 08
Vindhya Telelinks Limited Announces the Cessation of Kiran Aggarwal as Non-Executive Independent Director Vindhya Telelinks Limited announced the cessation of Kiran Aggarwal as Non-Executive Independent Director. With effect from the close of business hours on 9th November, 2024. Reported Earnings • Oct 27
Second quarter 2025 earnings released: EPS: ₹20.55 (vs ₹39.45 in 2Q 2024) Second quarter 2025 results: EPS: ₹20.55 (down from ₹39.45 in 2Q 2024). Revenue: ₹9.53b (up 11% from 2Q 2024). Net income: ₹243.6m (down 48% from 2Q 2024). Profit margin: 2.6% (down from 5.4% 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 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 15
Vindhya Telelinks Limited to Report Q2, 2025 Results on Oct 25, 2024 Vindhya Telelinks Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Duyuru • Aug 23
Vindhya Telelinks Reportedly Looks to Hive Off Fibre Infra Biz, Sell Majority Stake Vindhya Telelinks Limited (NSEI:VINDHYATEL) is planning to hive off its fibre infrastructure business and sell a majority stake in the emergent entity, two people aware of the development said on the condition of anonymity. One of the people cited earlier said that Arthur D. Little, a consulting firm, is running the sale process for the deal at a potential enterprise value of $200 million or INR 18,300 million. The companies had not responded to queries from Mint till press time. The body, responsible for EU's policy on trade with nations outside of the EU, has proposed to levy an 8.7% tax on imports from Birla Cable Ltd, Universal Cables Ltd. and Vindhya Telelinks Ltd. to the European Union, Mint had reported in June. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹24.85 (vs ₹49.65 in 1Q 2024) First quarter 2025 results: EPS: ₹24.85 (down from ₹49.65 in 1Q 2024). Revenue: ₹8.35b (down 1.8% from 1Q 2024). Net income: ₹294.5m (down 50% from 1Q 2024). Profit margin: 3.5% (down from 6.9% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. 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 28% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 03
Vindhya Telelinks Limited Approves Retirement of Pracheta Majumdar as Non-Executive Non-Independent Director Vindhya Telelinks Limited at its AGM held on August 02, 2024 approved Retirement by rotation of Shri Pracheta Majumdar as a Non-Executive Non-Independent Director of the Company, who does not seek re-appointment and not to fill up the vacancy so caused, for the time being. Duyuru • Jul 30
Vindhya Telelinks Limited to Report Q1, 2025 Results on Aug 12, 2024 Vindhya Telelinks Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹3,143, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 43x in the Communications industry in India. Total returns to shareholders of 134% over the past three years. Upcoming Dividend • Jul 19
Upcoming dividend of ₹15.00 per share Eligible shareholders must have bought the stock before 26 July 2024. Payment date: 01 September 2024. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.3%). Reported Earnings • Jul 10
Full year 2024 earnings released: EPS: ₹239 (vs ₹156 in FY 2023) Full year 2024 results: EPS: ₹239 (up from ₹156 in FY 2023). Revenue: ₹40.9b (up 41% from FY 2023). Net income: ₹2.83b (up 53% from FY 2023). Profit margin: 6.9% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Duyuru • Jul 09
Vindhya Telelinks Limited, Annual General Meeting, Aug 02, 2024 Vindhya Telelinks Limited, Annual General Meeting, Aug 02, 2024, at 10:00 Indian Standard Time. Location: udyog vihar, p.o. chorhata, rewa- 486 006 (m.p.), rewa India Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2,377, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 36x in the Communications industry in India. Total returns to shareholders of 118% over the past three years. Duyuru • May 19
Vindhya Telelinks Limited Recommends Dividend for the Financial Year 2023-2024 Vindhya Telelinks Limited announced that at its board meeting held on 17 May 2024, recommended dividend of INR 15 per share (that is 150%) on 11,850,863 equity shares of face value of INR 10 each of the company for the financial year 2023-2024, subject To Approve the same by the Shareholders in the up coming Forty First (41st) Annual General Meeting of the Company. Upon approval of shareholders, the dividend declared will be paid within thirty (30) days of declaration, subject to deduction of applicable Tax at Source as per the provisions of Income Tax Act, 1961 and rules framed thereunder. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹239 (vs ₹156 in FY 2023) Full year 2024 results: EPS: ₹239 (up from ₹156 in FY 2023). Revenue: ₹41.1b (up 42% from FY 2023). Net income: ₹2.83b (up 53% from FY 2023). Profit margin: 6.9% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Duyuru • May 10
Vindhya Telelinks Limited Announces Resignation of Dilip Ganesh Karnik as Non-Executive Non-Independent Director Vindhya Telelinks Limited announced that Shri Dilip Ganesh Karnik, Non-Executive Non-Independent Director on the Board of the Company has tendered his resignation vide letter dated 9th May, 2024 citing personal reasons. The Company has received the resignation letter through e-mail on 9th May, 2024 at 1:12 P.M., a copy of which is enclosed herewith. Duyuru • May 08
Vindhya Telelinks Limited to Report Q4, 2024 Results on May 17, 2024 Vindhya Telelinks Limited announced that they will report Q4, 2024 results on May 17, 2024 Duyuru • Mar 22
Vindhya Telelinks Limited Approves Directorate Appointments Vindhya Telelinks Limited announced that the Members of the Company by way of Resolutions passed through Postal Ballot including Remote e-Voting on March 21, 2024 have approved the appointment of Shri Bachh Raj Nahar (DIN: 00049895) and Dr. Aravind Srinivasan (DIN: 00088037) as the Non- Executive Independent Directors of the Company, not liable to retire by rotation, for a first term of five (5) consecutive years with effect from April 1, 2024 to March 31, 2029. Shri Bachh Raj Nahar holds a Bachelor's Degree in Commerce from University of Rajasthan. He is an eminent Chartered Accountant and has served in diverse fields at senior positions in large corporate houses. He in his last assignment served as the Managing Director of Birla Corporation Limited, the Company of the MP Birla Group. He was holding senior positions in many large bodies' corporates for four decades. Business world magazine had identified him as the most valuable CEO among India's mid-size Cement Companies at its issue dated November 29, 2010. He was an Executive President of Vikram Ispat, a unit of Grasim Industries Limited. He was also an Executive Director of the Essar group, Mumbai, one of the diversified business houses in India. Dr. Aravind Srinivasan serves as the Professor of Ophthalmology and Chief Medical Officer of Aravind Eye Hospital & Postgraduate Institute of Ophthalmology, Chennai, Tamil Nadu run by the Govel Trust - non-profit Public Charitable Trust. He also serves as a Trustee of Govel Trust and Secretary of Aurolab Trust that manufactures a wide range of high quality ophthalmic consumables such as intraocular lenses, surgical sutures, pharmaceutical products, surgical blades and Equipment. Having worked in the medical field, he had a passion for management. In the year 2000, he did his MBA with specialization in strategy from the University of Michigan, Ann Arbor, USA. Dr. Srinivasan is a high-volume cataract surgeon. In a non-clinical capacity, he is involved in innovations and execution at Aravind Eye Hospital. He is building Aravind's new projects and ensuring growth in service care delivery. Dr. Srinivasan is one of the resource persons at Indian Institute of Management and Indian School of Business and also a mentor for MBA students of B School students from the USA and Netherlands through projects at AECS. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹58.02 (vs ₹23.86 in 3Q 2023) Third quarter 2024 results: EPS: ₹58.02 (up from ₹23.86 in 3Q 2023). Revenue: ₹10.9b (up 70% from 3Q 2023). Net income: ₹687.6m (up 143% from 3Q 2023). Profit margin: 6.3% (up from 4.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2,835, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 35x in the Communications industry in India. Total returns to shareholders of 249% over the past three years. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹39.45 (vs ₹14.80 in 2Q 2023) Second quarter 2024 results: EPS: ₹39.45 (up from ₹14.80 in 2Q 2023). Revenue: ₹8.70b (up 52% from 2Q 2023). Net income: ₹467.5m (up 167% from 2Q 2023). Profit margin: 5.4% (up from 3.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Duyuru • Oct 26
Vindhya Telelinks Limited to Report Q2, 2024 Results on Nov 09, 2023 Vindhya Telelinks Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Duyuru • Sep 12
Vindhya Telelinks Limited Approves Dividend for the Financial Year Ended March 31, 2023 Vindhya Telelinks Limited approved dividend at the rate of INR 15/- only per equity share of face value of INR 10/- each fully paid-up of the Company, as recommended by the Board of Directors, be and is hereby declaredfor the financial year ended March 31, 2023 and the same be paid out of the profits of the Company to those shareholders who are entitled to receive payment of declared dividend and whose names appear on the Company's Register of Beneficial Owners (as per details furnished by the Depositories in respect of equity shares held in electronic form) and Register of Members as of the close of business hours on 4th September, 2023 or to their Orders or to their Bankers at its Annual General Meeting held on 11 September 2023. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2,680, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 29x in the Communications industry in India. Total returns to shareholders of 228% over the past three years. Upcoming Dividend • Aug 28
Upcoming dividend of ₹15.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 10 October 2023. Payout ratio is a comfortable 9.6% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.5%). Duyuru • Aug 18
Vindhya Telelinks Limited, Annual General Meeting, Sep 11, 2023 Vindhya Telelinks Limited, Annual General Meeting, Sep 11, 2023, at 14:30 Indian Standard Time. Location: Registered Office of the Company at Udyog Vihar, P.O. Chorhata Rewa Madhya Pradesh India Agenda: To consider the audited Financial Statements of the Company for the financial year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon; to consider the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 and the Report of Auditors thereon; to declare dividend on equity shares for the financial year ended March 31, 2023; to appoint a Director in place of Shri Harsh V. Lodha, who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment; and to discuss other matters. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹49.65 (vs ₹32.22 in 1Q 2023) First quarter 2024 results: EPS: ₹49.65 (up from ₹32.22 in 1Q 2023). Revenue: ₹8.51b (up 171% from 1Q 2023). Net income: ₹588.4m (up 54% from 1Q 2023). Profit margin: 6.9% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. Duyuru • Aug 01
Vindhya Telelinks Limited to Report Q1, 2024 Results on Aug 12, 2023 Vindhya Telelinks Limited announced that they will report Q1, 2024 results at 4:00 PM, Indian Standard Time on Aug 12, 2023 Duyuru • May 20
Vindhya Telelinks Limited Recommends Dividend for the Financial Year 2023 Vindhya Telelinks Limited Recommended Dividend of INR 15 per share (i. e . 150%) on 1,18,50,863 Equity Shares of face value of INR 10 each of the Company for the financial year 2022-23, subject To Approve the same by the Shareholders in the upcoming Fortieth (4Qth) Annual General Meeting of the Company. Reported Earnings • May 19
Full year 2023 earnings released: EPS: ₹156 (vs ₹163 in FY 2022) Full year 2023 results: EPS: ₹156 (down from ₹163 in FY 2022). Revenue: ₹29.1b (up 120% from FY 2022). Net income: ₹1.85b (down 4.1% from FY 2022). Profit margin: 6.4% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹2,063, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 38x in the Communications industry in India. Total returns to shareholders of 289% over the past three years. Duyuru • May 06
Vindhya Telelinks Limited to Report Fiscal Year 2023 Results on May 18, 2023 Vindhya Telelinks Limited announced that they will report fiscal year 2023 results on May 18, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹23.86 (vs ₹29.00 in 3Q 2022) Third quarter 2023 results: EPS: ₹23.86 (down from ₹29.00 in 3Q 2022). Revenue: ₹6.38b (up 111% from 3Q 2022). Net income: ₹282.8m (down 18% from 3Q 2022). Profit margin: 4.4% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Duyuru • Feb 01
Vindhya Telelinks Limited to Report Q3, 2023 Results on Feb 10, 2023 Vindhya Telelinks Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 15% share price gain to ₹1,594, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 31x in the Communications industry in India. Total returns to shareholders of 102% over the past three years. Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: ₹14.80 (vs ₹30.81 in 2Q 2022) Second quarter 2023 results: EPS: ₹14.80 (down from ₹30.81 in 2Q 2022). Revenue: ₹5.73b (up 78% from 2Q 2022). Net income: ₹175.4m (down 52% from 2Q 2022). Profit margin: 3.1% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. 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. 7 highly experienced directors. Non-Executive Independent Director Priya Dasgupta was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 08
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 23 October 2022. Payout ratio is a comfortable 7.2% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,300, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 23x in the Communications industry in India. Total returns to shareholders of 73% over the past three years. Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: ₹32.22 (vs ₹55.97 in 1Q 2022) First quarter 2023 results: EPS: ₹32.22 (down from ₹55.97 in 1Q 2022). Revenue: ₹3.17b (down 7.5% from 1Q 2022). Net income: ₹381.9m (down 42% from 1Q 2022). Profit margin: 12% (down from 19% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • May 26
Full year 2022 earnings released: EPS: ₹163 (vs ₹228 in FY 2021) Full year 2022 results: EPS: ₹163 (down from ₹228 in FY 2021). Revenue: ₹13.2b (down 12% from FY 2021). Net income: ₹1.93b (down 28% from FY 2021). Profit margin: 15% (down from 18% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. 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. 3 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Priya Dasgupta was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Priya Dasgupta was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹29.00 (down from ₹48.12 in 3Q 2021). Revenue: ₹3.02b (down 10% from 3Q 2021). Net income: ₹343.7m (down 40% from 3Q 2021). Profit margin: 11% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 26% share price gain to ₹1,303, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 27x in the Communications industry in India. Total loss to shareholders of 28% over the past three years. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹30.81 (vs ₹55.94 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹3.32b (up 1.3% from 2Q 2021). Net income: ₹365.1m (down 45% from 2Q 2021). Profit margin: 11% (down from 20% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 15% share price gain to ₹1,135, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 27x in the Communications industry in India. Total loss to shareholders of 27% over the past three years. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS ₹55.97 (vs ₹25.92 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹3.43b (up 22% from 1Q 2021). Net income: ₹663.3m (up 116% from 1Q 2021). Profit margin: 19% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Executive Departure • Aug 05
Company Secretary & Compliance Officer Hitesh Wadhera has left the company On the 31st of July, Hitesh Wadhera's tenure as Company Secretary & Compliance Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Hitesh's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 6.50 years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₹1,449, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 41x in the Communications industry in India. Total returns to shareholders of 49% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹228 (vs ₹200 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹15.0b (down 20% from FY 2020). Net income: ₹2.70b (up 14% from FY 2020). Profit margin: 18% (up from 13% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Executive Departure • Jun 11
Independent Non-Executive Director J. Veeraraghavan has left the company On the 3rd of June, J. Veeraraghavan's tenure as Independent Non-Executive Director ended after 16.6 years in the role. We don't have any record of a personal shareholding under Veeraraghavan's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.38 years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 26% share price gain to ₹1,087, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 38x in the Communications industry in India. Negligible returns to shareholders over past three years. Is New 90 Day High Low • Feb 22
New 90-day high: ₹917 The company is up 25% from its price of ₹732 on 24 November 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₹917, the stock is trading at a trailing P/E ratio of 5x, up from the previous P/E ratio of 4.4x. This compares to an average P/E of 36x in the Communications industry in India. Total return to shareholders over the past three years is a loss of 14%. Executive Departure • Feb 10
Company Secretary & Compliance Officer has left the company On the 6th of February, Satyendu Pattnaik's tenure as Company Secretary & Compliance Officer ended after 1.5 years in the role. We don't have any record of a personal shareholding under Satyendu's name. Satyendu is the only executive to leave the company over the last 12 months.