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Eraaya Lifespaces Ltd

ERAAYA

Eraaya Lifespaces Ltd

ERAAYA
Cycles
SmallcapWith a market cap of ₹5,273 cr, stock is ranked 757
Moderate RiskStock is 2.01x as volatile as Nifty
2,843.652.11% (-61.35)
2,843.652.11% (-61.35)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP
Cycles
SmallcapWith a market cap of ₹5,273 cr, stock is ranked 757
Moderate RiskStock is 2.01x as volatile as Nifty
Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

Cycles
SmallcapWith a market cap of ₹5,273 cr, stock is ranked 757
Moderate RiskStock is 2.01x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
4,119.91395.31
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.691.670.26%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Justride Enterprises Ltd. manufactures bicycles. The Company produces and distributes bicycles and tricycles. Justride Enterprises distributes products to wholesalers and retailers throughout India.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue0.000.020.000.000.020.000.000.25297.58272.05
Raw Materialssubtract0.040.190.160.190.080.070.060.16270.30
Power & Fuel Costsubtract
Employee Costsubtract0.08
Selling & Administrative Expensessubtract
Operating & Other expensessubtract297.04
Depreciation/Amortizationsubtract0.000.000.000.000.000.000.000.000.030.07
Interest & Other Itemssubtract
Taxes & Other Itemssubtract0.000.000.000.000.000.000.000.000.090.40
EPS-0.08-0.65-3.38-4.02-0.62-0.48-0.410.610.410.85
DPS0.000.000.000.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 1 stocks from 
-Cycles

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Eraaya Lifespaces Ltd15,510.25395.31
Tube Investments of India Ltd68.0712.120.08%

Price Comparison

Compare ERAAYA with any stock or ETF
Compare ERAAYA with any stock or ETF
ERAAYA
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 7.80%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 17.74%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding36.18%0.00%0.01%17.74%46.07%

Dec 2023

Mar 2024

Jun 2024

Aug 2024

Shareholding History

SepOctDec '23MarJunAug0.00%0.00%0.00%0.00%0.00%17.74%

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

ERAAYA has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

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News & Opinions
Corporate
Eraaya Lifespaces schedules board meeting

Eraaya Lifespaces will hold a meeting of the Board of Directors of the Company on 27 September 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Eraaya Lifespaces announces resignation of Chief Operating Officer

Eraaya Lifespaces announced the resignation of Shweta Singh from the post of Chief Operating Officer w.e.f. 04 September 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of Eraaya Lifespaces approves change in CFO

The Board of Eraaya Lifespaces at its meeting held on 04 September 2024 has approved appointment of C.S. Murty is appointed as Chief Financial Officer of the company with immediate effect, as company's previous Chief Financial Officer Meenakshi Sharma is absenting from her duties for last 4-5 weeks without any proper explanation and is currently not accessible. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of Eraaya Lifespaces approves fund raising of Rs 1028.7 cr

The Board of Eraaya Lifespaces at its meeting held on 04 September 2024 has approved raising funds up to Rs 1028.7 crore by way of preferential issue of convertible warrants. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Eraaya Lifespaces completes acquisition of Ebix Inc.

Eraaya Lifespaces announced the successful completion of the payment of USD 151.577 million (~ Rs 1273.25 crore) for the acquisition of Ebix Inc. USA and its global subsidiaries. With this landmark, the Chapter 11 proceedings for Ebix Inc come to an end and Eraaya will be the holding company of Ebix Inc. and all its subsidiaries henceforth. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Eraaya Lifespaces remits further USD 37 million for acquisition of Ebix Inc.

Eraaya Lifespaces announced that the consortium led by Eraaya has further remitted US$ 37 Million (Rs 310.80 crore approx) towards the acquisition of Ebix Inc. Eraaya successfully completed the Qualified Institutional Placement (QIP) issue on the 14 August 2024 raising about Rs 248.50 crore. The company has moved to raise the remaining required capital through issuing additional securities, convertible bonds, and other financial instruments in the international market. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Eraaya Lifespaces AGM scheduled

Eraaya Lifespaces announced that the 58th Annual General Meeting (AGM) of the company will be held on 16 September 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Eraaya Lifespaces launches QIP issue

Eraaya Lifespaces has launched a Qualified Institutions Placement of equity shares today with floor price of Rs 798.40 per equity share. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Eraaya receives final approval of US Bankruptcy Courts for acquisition of Ebix Inc.

The Consortium led by Eraaya had submitted a bid to acquire 100% Equity of Ebix Inc. during June 2024, which had been subsequently approved and accepted as the highest and best bid for Ebix Inc and eventually declared as the winner following the auction process overseen by the U.S. Bankruptcy Court at an ascribed enterprise value of USD 361 Million (Rs 3,009 crore approximately). The acquisition, to be effectuated through a Plan of Reorganization proposed under the Chapter 11 proceedings, went through the negotiations among the consortium, Ebix, and Ebix's creditors and other stakeholders. The U.S. Bankruptcy Court had earlier allowed the Plan of Reorganization to be sent to creditors for voting and scheduled a hearing to consider approval of the plan, which has finally got through the steps involved in the process with the final approval submitted and finally approved at the Relevant Courts. The acquisition includes 100% of the equity in Ebix by the Consortium which includes assets and certain liabilities in the worldwide subsidiaries of Ebix. Whereas The Consortium has already deposited an amount of USD 56.327 Million (Rs 466.95 crore Approx) till date, and the balance Final Payment USD 95.25 (Rs 789.60 crore Approx) will be made within August 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Eraaya Lifespaces update on acquisition of Ebix Inc.

Eraaya Lifespaces shared the updates on the status of the acquisition process of Ebix Inc., wherein an amount of USD 14 Million (Rs 117 crore approx) has been remitted on by the Consortium 26 July 2024; making it a total of USD 35.75 Million (Rs 299 crore approx) paid till date. Further USD 6.60 Million (Rs 55 crore approx) and (+) USD 14 Million (Rs 117 crore approx) will also be paid within July 2024 and the balance Final Payment will be made within August 2024. The bid submitted by the consortium led by Eraaya Lifespaces had been approved and accepted as the highest and best bid for Ebix and declared as the winner following the auction process overseen by the U.S. Bankruptcy Court at an ascribed enterprise value of USD 361 Million (Rs 3,009 crore approx). The acquisition will be effectuated through Ebix's Plan of Reorganization proposed in its Chapter 11 proceedings, subject to ongoing negotiations among the consortium, Ebix, and Ebix's creditors and other stakeholders. The U.S. Bankruptcy Court had allowed the Plan of Reorganization to be sent to creditors for voting and scheduled a hearing to consider approval of the plan. The acquisition includes 100% of the equity in Ebix by the Consortium which includes assets and certain liabilities in the worldwide subsidiaries of Ebix. Powered by Capital Market - Live

2 months agoCapital Market - Live