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3M INDIA LIMITED (3MINDIA)

Producer Manufacturing · Industrial Conglomerates · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.74 / 100
Profitability 92Growth 30Balance sheet 100
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.32 / 100
Price 11Earnings 45FII/DII 40
Compare withBALMER LAWRIE & COKCPUNIPHOS ENTERPRISES

Share price

Closing priceAdjusted for splits and bonus issues.

₹28,070 latest close · −20.3% over the last 90 sessions

₹30,000₹35,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹30,000₹35,000Jul 3Sep 4Nov 9

₹28,070 month-end · −19.4% over 12 months

₹30,000₹35,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹30,000₹35,000Nov '25May '26Nov '26

₹28,070 month-end · −9.6% over 3 years

₹25,000₹30,000₹35,000₹40,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹25,000₹30,000₹35,000₹40,000Nov '23May '25Nov '26

₹28,070 month-end · +39.3% since Jan '19

₹20,000₹30,000₹40,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹20,000₹30,000₹40,000Jan '19Dec '22Nov '26

52-week range ₹26410.00 to ₹38030.00 · 1-year volatility 32.1%

Was the rally earned?

-19%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 64.2x to 51.7x); per-share earnings added 0 points.
  • The share count barely moved.
Net profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0 ptsNet profit growthP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −19%−19%Share priceNet profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −19%−19%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-19 ptsThe P/E fell from 64.2x to 51.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-10%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 20 points, but investors now pay less per rupee of profit (P/E 70.5x to 51.7x), which took 29 points back.
  • The share count barely moved.
Net profit growth: +20 pts. Points of the price return explained by net profit growing (or shrinking).+20 ptsNet profit growthP/E change: −29 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−29 ptsP/E changeShare price: −10%−10%Share priceNet profit growth: +20 pts. Points of the price return explained by net profit growing (or shrinking).+20ProfitP/E change: −29 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−29P/EShare price: −10%−10%Share price
Net profit growth+20 ptsNet profit rose about 23%, which lifts the price.
P/E change-29 ptsThe P/E fell from 70.5x to 51.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+12%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 141 points, but investors now pay less per rupee of profit (P/E 173.7x to 51.7x), which took 128 points back.
  • The share count barely moved.
Net profit growth: +141 pts. Points of the price return explained by net profit growing (or shrinking).+141 ptsNet profit growthP/E change: −128 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−128 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +12%+12%Share priceNet profit growth: +141 pts. Points of the price return explained by net profit growing (or shrinking).+141ProfitP/E change: −128 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−128P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +12%+12%Share price
Net profit growth+141 ptsNet profit rose about 278%, which lifts the price.
P/E change-128 ptsThe P/E fell from 173.7x to 51.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with BALMER LAWRIE & CO

How rough has the ride been?

Maximum drawdown-42.6%recovered 2023-08
1-year volatility32.1%annualised
Beta vs sector index0.543-year daily, correlation 0.37
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−42.3% 0%−20%−40%2020202220242026−42.3%
Largest drawdowns

-42.6% (2021-03 peak to 2022-05 low, recovered 2023-08)

-36.8% (2019-04 peak to 2020-03 low, recovered 2021-03)

-35.1% (2024-07 peak to 2025-03 low, not yet recovered)

Most recent volume spikes

2026-11-06: 17.6x the 50-day median, price -6.0% that day

2026-10-07: 5.6x the 50-day median, price 0.0% that day

2026-09-29: 11.8x the 50-day median, price -4.6% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

51.7xP/E todayNear its historic low
Against its own history2nd percentile
CheapestMedian 68.1xDearest

Usual range 55.5x to 139.5x since 2019-01.

Against Producer Manufacturing51.7x vs 29.6x
This company
51.7x
Sector median
29.6x

75% above the Producer Manufacturing median.

10.6x65.8x121.0x176.2xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x65.8x121.0x176.2xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/B (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Producer Manufacturing is valued

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE96thflat vs a year ago
  • Op. margin87thflat vs a year ago
  • Revenue growth17th▼ 8 pts vs a year ago
  • EPS growth39th▼ 4 pts vs a year ago
  • Debt/equity ↓88thflat vs a year ago
  • Cash cycle ↓88thflat vs a year ago
  • P/E ↓23rd▲ 5 pts vs a year ago
  • 12M momentum30th▼ 46 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~34%annual earnings growth implied by the price

At a P/E of 88.3x, the price would imply about 33.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Earnings figures have not updated recently, so the company is left out of the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹28070.00
P/E
51.7x
ROCE
41.0%
Market Cap
₹31635 cr
Revenue (TTM)
₹4188 cr
P/S
7.6x
P/B
14.7x
ROE
28.5%
Operating Margin
20.0%
Debt / Equity
0.0x
Promoter Holding
75.0%
12M Momentum
-19.4%

52-week range

₹26410.00₹38030.00
14% of the way from its 52-week low to its high

Price risk

1Y volatility
32.1%
Beta vs sector
1-year daily
0.63

Balance sheet & cash

Interest cover
operating profit ÷ interest
100.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.10x
Share count, 1Y
unchanged

Are profits backed by cash?

7 of 7checks within rangeAll clear
Other income reliance11%Within range

Other income as a share of pre-tax profit (trailing twelve months): 10.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.10xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.10x (cash from operations ₹1,435 cr, net profit ₹1,306 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (61 vs 61). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress4% of fixed assetsWithin range

Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days0 days / 2 yrsWithin range

Days payable changed by 0 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders rose from 28,077 to 30,673 (+9%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters75.0%75.0%0.0 pts
FIIs3.6%3.5%-0.1 pts
DIIs8.4%8.2%-0.3 pts
Public and others13.0%13.3%+0.3 pts

Number of shareholders

30,673shareholders+9% since Sep '23
28k30k32k35k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 28,077
Dec '23: 27,610
Mar '24: 29,198
Jun '24: 29,243
Sep '24: 30,045
Dec '24: 32,147
Mar '25: 34,425
Jun '25: 34,588
Sep '25: 34,539
Dec '25: 30,577
Mar '26: 29,808
Jun '26: 30,673
 28k30k32k35k Sep '23Sep '24Sep '25Jun '26
Sep '23: 28,077
Dec '23: 27,610
Mar '24: 29,198
Jun '24: 29,243
Sep '24: 30,045
Dec '24: 32,147
Mar '25: 34,425
Jun '25: 34,588
Sep '25: 34,539
Dec '25: 30,577
Mar '26: 29,808
Jun '26: 30,673

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−7.3%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like 3M INDIA LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −26% to +12% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−2.6%, 80% range −11.9% to +1.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%
GLAND · Jun 2022: −67.2% vs market
CELLO · Oct 2025: −47.1% vs market
SANOFI · Apr 2025: −46.3% vs market
PIIND · Oct 2025: −38.0% vs market
EMAMILTD · Jul 2025: −37.1% vs market
IRCTC · Jun 2025: −35.8% vs market
JYOTHYLAB · Apr 2025: −33.4% vs market
SUMICHEM · Apr 2023: −32.6% vs market
AIAENG · Dec 2020: −29.7% vs market
MOIL · Jun 2025: −28.5% vs market
PGHH · Dec 2023: −27.9% vs market
PGHL · Aug 2023: −27.3% vs market
RAILTEL · Jul 2025: −26.5% vs market
IGL · Sep 2021: −25.8% vs market
EICHERMOT · Dec 2020: −24.1% vs market
SUPREMEIND · Jul 2025: −23.6% vs market
VSTIND · Oct 2025: −21.4% vs market
BOSCHLTD · Apr 2020: −20.3% vs market
CASTROLIND · Jan 2020: −20.3% vs market
DIVISLAB · Jun 2022: −17.8% vs market
CLEAN · Aug 2024: −14.7% vs market
ATUL · Nov 2021: −12.1% vs market
HONAUT · Oct 2021: −9.6% vs market
OFSS · Jan 2020: −7.4% vs market
MARICO · Nov 2023: −7.4% vs market
TRITURBINE · Oct 2025: −7.2% vs market
IEX · Nov 2023: −5.3% vs market
VGUARD · Jun 2020: −4.5% vs market
SUNTV · Jul 2020: −4.4% vs market
INGERRAND · Aug 2024: −2.2% vs market
CRISIL · Apr 2024: +0.6% vs market
TATATECH · Jul 2025: +1.0% vs market
SCHAEFFLER · Jul 2024: +2.6% vs market
GRINDWELL · Dec 2022: +2.8% vs market
HAVELLS · Jun 2020: +3.5% vs market
FINEORG · Apr 2025: +6.4% vs market
CGPOWER · Aug 2024: +8.2% vs market
ABBOTINDIA · Aug 2022: +12.7% vs market
VINATIORGA · Aug 2021: +14.1% vs market
ZFCVINDIA · Jun 2025: +14.7% vs market
GILLETTE · Jan 2024: +20.9% vs market
AJANTPHARM · Aug 2025: +35.0% vs market
CDSL · Jul 2023: +37.8% vs market
BASF · Feb 2020: +37.8% vs market
GLAXO · Mar 2024: +42.8% vs market
ESABINDIA · Apr 2021: +51.1% vs market
COHANCE · May 2024: +61.5% vs market
CAMS · Dec 2023: +62.8% vs market
CUMMINSIND · Jun 2025: +66.2% vs market
TATAELXSI · Mar 2020: +138.1% vs market
Similar setups −7.3%All companies −4.7%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge

Similar setups' median
−7.3%
All companies' median
−4.7%
Beat the market
40% vs 45%

50 past situations · 50 companies · 31 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GLAXO
Health Technology		 Mar 2024 53x36% +47%−21% +43%
SUMICHEM
Process Industries		 Apr 2023 47x33% −6%−24% −33%
INGERRAND
Producer Manufacturing		 Aug 2024 60x51% +31%−14% −2%
CRISIL
Commercial Services		 Apr 2024 48x41% +21%−17% +1%
ABBOTINDIA
Health Technology		 Aug 2022 49x38% −3%−19% +13%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
EICHERMOT
Consumer Durables		 Dec 2020 38x25% +12%−6% −24%
PGHL
Health Technology		 Aug 2023 41x38% +16%−11% −27%
SCHAEFFLER
Producer Manufacturing		 Jul 2024 74x27% +37%−12% +3%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to 3M INDIA LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

GLAXOSMITHKLINE PHARMACEUTICALGLAXO
Health Technology
70%similar
promoter holdingrevenue
PROCTER AND GAMBLE HYGIENE HEAPGHH
Consumer Non-Durables
70%similar
revenueoperating margin
SUMITOMO CHEMICAL INDIASUMICHEM
Process Industries
70%similar
promoter holdingEPS growth
BERGER PAINTS INDIABERGEPAINT
Process Industries
69%similar
promoter holdingmarket cap
LINDE INDIALINDEINDIA
Process Industries
66%similar
promoter holdingvolatility
INGERSOLL-RAND (INDIA)INGERRAND
Producer Manufacturing
68%similar
promoter holdingvolatility
TENNECO CLEAN AIR INDIA LIMITETENNIND
Producer Manufacturing
59%similar
ROCEpromoter holding
SIEMENS ENERGY INDIAENRIN
Producer Manufacturing
56%similar
promoter holdingP/E

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Nov '22

  1. NovPriceVolume reached 17.6x its 50-day median on 2026-11-06; price -6.0% that day.
  2. OctValuationP/E fell below the 10th percentile of its own history to date (53.4x).
  3. SepPriceVolume reached 11.8x its 50-day median on 2026-09-29; price -4.6% that day.
  4. MayPriceVolume reached 14.3x its 50-day median on 2026-05-22; price +3.5% that day.
  5. MarValuationP/E fell below the 10th percentile of its own history to date (55.5x).
  6. FebPriceVolume reached 6.9x its 50-day median on 2026-02-12; price -0.2% that day.
  7. NovPriceVolume reached 68.1x its 50-day median on 2025-11-04; price +16.9% that day.
  8. SepValuationP/E fell below the 10th percentile of its own history to date (54.3x).
Show 22 earlier events
  1. JulPriceVolume reached 7.0x its 50-day median on 2025-07-22; price +3.4% that day.
  2. MayPriceVolume reached 5.0x its 50-day median on 2025-05-28; price -3.8% that day.
  3. MarPriceFell 35% from the Jul 2024 peak to the Mar 2025 low.
  4. SepValuationP/E fell below the 10th percentile of its own history to date (62.3x).
  5. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  6. JulPriceVolume reached 5.3x its 50-day median on 2024-07-02; price +2.8% that day.
  7. MayPriceVolume reached 24.7x its 50-day median on 2024-05-28; price +9.6% that day.
  8. AprValuationP/E fell below the 10th percentile of its own history to date (62.8x).
  9. MarPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  10. JanPriceVolume reached 8.2x its 50-day median on 2024-01-03; price -3.9% that day.
  11. DecPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  12. DecPriceVolume reached 46.7x its 50-day median on 2023-12-27; price +15.7% that day.
  13. SepPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  14. AugPriceRegained the 2021-03 peak, 15 months after the low.
  15. AugPriceVolume reached 6.2x its 50-day median on 2023-08-10; price +4.8% that day.
  16. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  17. JunDividendStarted paying a dividend (payout 237% of profit).
  18. AprPriceVolume reached 8.1x its 50-day median on 2023-04-25; price -0.5% that day.
  19. MarValuationP/E fell below the 10th percentile of its own history to date (60.7x).
  20. MarPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  21. FebPriceVolume reached 41.3x its 50-day median on 2023-02-23; price +1.3% that day.
  22. NovPriceVolume reached 8.9x its 50-day median on 2022-11-09; price +4.8% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1151.7x₹4188 cr28.5%41.0%0.0x
2026-1053.4x₹4188 cr28.5%41.0%0.0x
2026-0959.3x₹4188 cr28.5%41.0%0.0x
2026-0861.4x₹4188 cr28.5%41.0%0.0x
2026-0763.8x₹4188 cr28.5%41.0%0.0x
2026-0660.6x₹4188 cr28.5%41.0%0.0x
2026-0560.5x₹4188 cr28.5%41.0%0.0x
2026-0461.4x₹4188 cr28.5%41.0%0.0x
2026-0355.5x₹4188 cr28.5%41.0%0.0x
2026-0269.1x₹4188 cr28.5%41.0%0.0x
2026-0163.4x₹4188 cr28.5%41.0%0.0x
2025-1264.7x₹4188 cr28.5%41.0%0.0x
2025-1164.2x₹4188 cr28.5%41.0%0.0x
2025-1054.5x₹4188 cr28.5%41.0%0.0x
2025-0954.3x₹4188 cr28.5%41.0%0.0x
2025-0856.7x₹4188 cr28.5%41.0%0.0x
2025-0756.7x₹4188 cr28.5%41.0%0.0x
2025-0652.5x₹4188 cr28.5%41.0%0.0x
2025-0553.9x₹4188 cr28.5%41.0%0.0x
2025-0455.5x₹4188 cr28.5%41.0%0.0x
2025-0353.2x₹4188 cr28.5%41.0%0.0x
2025-0248.5x₹4188 cr28.5%41.0%0.0x
2025-0155.1x₹4188 cr28.5%41.0%0.0x
2024-1256.0x₹4188 cr28.5%41.0%0.0x
2024-1159.4x₹4188 cr28.5%41.0%0.0x
2024-1066.4x₹4188 cr28.5%41.0%0.0x
2024-0962.3x₹4188 cr28.5%41.0%0.0x
2024-0868.9x₹4191 cr27.2%41.0%0.0x
2024-0775.9x₹4191 cr27.2%41.0%0.0x
2024-0671.1x₹4191 cr27.2%41.0%0.0x
2024-0568.8x₹4142 cr32.6%31.0%0.0x
2024-0462.8x₹4142 cr32.6%31.0%0.0x
2024-0364.3x₹4142 cr32.6%31.0%0.0x
2024-0267.2x₹4129 cr32.0%31.0%0.0x
2024-0172.3x₹4129 cr32.0%31.0%0.0x
2023-1278.4x₹4129 cr32.0%31.0%0.0x
2023-1170.5x₹4066 cr29.6%31.0%0.0x
2023-1067.6x₹4066 cr29.6%31.0%0.0x
2023-0972.2x₹4066 cr29.6%31.0%0.0x
2023-0877.8x₹3960 cr26.9%31.0%0.0x
2023-0772.2x₹3960 cr26.9%31.0%0.0x
2023-0667.5x₹3960 cr26.9%31.0%0.0x
2023-0566.5x₹3840 cr19.5%18.0%0.0x
2023-0459.6x₹3840 cr19.5%18.0%0.0x
2023-0360.7x₹3840 cr19.5%18.0%0.0x
2023-0270.0x₹3673 cr16.9%18.0%0.0x
2023-0171.4x₹3673 cr16.9%18.0%0.0x
2022-1267.1x₹3673 cr16.9%18.0%0.0x
2022-1180.7x₹3536 cr14.9%18.0%0.0x
2022-1080.4x₹3536 cr14.9%18.0%0.0x
2022-0985.0x₹3536 cr14.9%18.0%0.0x
2022-0896.6x₹3336 cr12.5%18.0%0.0x
2022-0794.2x₹3336 cr12.5%18.0%0.0x
2022-0690.5x₹3336 cr12.5%18.0%0.0x
2022-05140.1x₹2605 cr8.5%12.0%0.0x
2022-04138.5x₹2605 cr8.5%12.0%0.0x
2022-03136.7x₹2605 cr8.5%12.0%0.0x
2022-02147.1x₹2605 cr8.5%12.0%0.0x
2022-01173.4x₹2605 cr8.5%12.0%0.0x
2021-12175.9x₹2605 cr8.5%12.0%0.0x
2021-11173.7x₹2605 cr8.5%12.0%0.0x
2021-10176.2x₹2605 cr8.5%12.0%0.0x
2021-09172.3x₹2605 cr8.5%12.0%0.0x
2021-08169.2x₹2605 cr8.5%12.0%0.0x
2021-07171.1x₹2605 cr8.5%12.0%0.0x
2021-06168.8x₹2605 cr8.5%12.0%0.0x
2021-0589.3x₹2987 cr18.4%27.0%0.0x
2021-0489.3x₹2987 cr18.4%27.0%0.0x
2021-03106.4x₹2987 cr18.4%27.0%0.0x
2021-0279.8x₹2987 cr18.4%27.0%0.0x
2021-0167.0x₹2987 cr18.4%27.0%0.0x
2020-1272.8x₹2987 cr18.4%27.0%0.0x
2020-1176.5x₹2987 cr18.4%27.0%0.0x
2020-1065.3x₹2987 cr18.4%27.0%0.0x
2020-0964.0x₹2987 cr18.4%27.0%0.0x
2020-0870.9x₹2987 cr18.4%27.0%0.0x
2020-0773.7x₹2987 cr18.4%27.0%0.0x
2020-0665.7x₹2987 cr18.4%27.0%0.0x
2020-0556.3x₹3017 cr25.5%44.0%0.0x
2020-0459.7x₹3017 cr25.5%44.0%0.0x
2020-0357.9x₹3017 cr25.5%44.0%0.0x
2020-0263.3x₹3017 cr25.5%44.0%0.0x
2020-0170.7x₹3017 cr25.5%44.0%0.0x
2019-1265.5x₹3017 cr25.5%44.0%0.0x
2019-1168.4x₹3017 cr25.5%44.0%0.0x
2019-1069.2x₹3017 cr25.5%44.0%0.0x
2019-0963.6x₹3017 cr25.5%44.0%0.0x
2019-0862.2x₹3017 cr25.5%44.0%0.0x
2019-0764.9x₹3017 cr25.5%44.0%0.0x
2019-0671.4x₹3017 cr25.5%44.0%0.0x
2019-0576.9x₹2710 cr31.2%—0.0x
2019-0477.5x₹2710 cr31.2%—0.0x
2019-0382.0x₹2710 cr31.2%—0.0x
2019-0277.4x₹2710 cr31.2%—0.0x
2019-0168.1x₹2710 cr31.2%—0.0x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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