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ADF FOODS LIMITED (ADFFOODS)

Consumer Non-Durables · Food: Specialty/Candy · 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.84 / 100
Profitability 77Growth 74Balance 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.45 / 100
Price 45Earnings 68FII/DII 23

Passes these screensQuality CompounderDebt-light & profitableConsistent compounders

Compare withBRITANNIA INDUSTRIESTATA CONSUMER PRODUCTSCCL PRODUCTS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹241.67 latest close · −24.6% over the last 90 sessions

₹250₹300Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹250₹300Jul 3Sep 4Nov 9

₹241.67 month-end · +15.4% over 12 months

₹200₹250₹300Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹200₹250₹300Nov '25May '26Nov '26

₹241.67 month-end · +13.1% over 3 years

₹200₹250₹300Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹250₹300Nov '23May '25Nov '26

₹241.67 month-end · +398.8% since Jan '19

₹100₹200₹300Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹100₹200₹300Jan '19Dec '22Nov '26

52-week range ₹153.10 to ₹346.95 · 1-year volatility 47.9%

Was the rally earned?

+15%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 29 points, but investors now pay less per rupee of profit (P/E 32.8x to 28.9x), which took 14 points back.
  • The share count barely moved.
Net profit growth: +30 pts. Points of the price return explained by net profit growing (or shrinking).+30 ptsNet profit growthP/E change: −14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−14 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: +15%+15%Share priceNet profit growth: +30 pts. Points of the price return explained by net profit growing (or shrinking).+30ProfitP/E change: −14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−14P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +15%+15%Share price
Net profit growth+30 ptsNet profit rose about 32%, which lifts the price.
P/E change-14 ptsThe P/E fell from 32.8x to 28.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+13%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 53 points, but investors now pay less per rupee of profit (P/E 41.9x to 28.9x), which took 40 points back.
  • The share count barely moved.
Net profit growth: +53 pts. Points of the price return explained by net profit growing (or shrinking).+53 ptsNet profit growthP/E change: −40 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−40 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: +13%+13%Share priceNet profit growth: +53 pts. Points of the price return explained by net profit growing (or shrinking).+53ProfitP/E change: −40 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−40P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +13%+13%Share price
Net profit growth+53 ptsNet profit rose about 64%, which lifts the price.
P/E change-40 ptsThe P/E fell from 41.9x to 28.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+49%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 63 points, but investors now pay less per rupee of profit (P/E 32.4x to 28.9x), which took 14 points back.
  • The share count rose 10%.
Net profit growth: +75 pts. Points of the price return explained by net profit growing (or shrinking).+75 ptsNet profit growthP/E change: −14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−14 ptsP/E changeShare count change: −12 pts. Points of the price return explained by the share count changing. More shares count against the price.−12 ptsShare count changeShare price: +49%+49%Share priceNet profit growth: +75 pts. Points of the price return explained by net profit growing (or shrinking).+75ProfitP/E change: −14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−14P/EShare count change: −12 pts. Points of the price return explained by the share count changing. More shares count against the price.−12SharesShare price: +49%+49%Share price
Net profit growth+75 ptsNet profit rose about 84%, which lifts the price.
P/E change-14 ptsThe P/E fell from 32.4x to 28.9x, which lowers the price.
Share count change-12 ptsShare count rose 10%, which lowers 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 BRITANNIA INDUSTRIES

How rough has the ride been?

Maximum drawdown-60.6%recovered 2020-06
1-year volatility47.9%annualised
Beta vs sector index0.993-year daily, correlation 0.28
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−56.5% 0%−20%−40%−60%2020202220242026−56.5%
Largest drawdowns

-60.6% (2019-12 peak to 2020-03 low, recovered 2020-06)

-54.6% (2024-12 peak to 2026-03 low, not yet recovered)

-36.9% (2021-05 peak to 2022-06 low, recovered 2023-07)

Most recent volume spikes

2026-07-30: 7.1x the 50-day median, price -13.1% 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?

28.9xP/E todayWithin its usual range
Against its own history27th percentile
CheapestMedian 32.5xDearest

Usual range 21.2x to 42.0x since 2019-01.

Against Consumer Non-Durables28.9x vs 26.8x
This company
28.9x
Sector median
26.8x

8% above the Consumer Non-Durables median.

13.4x25.4x37.5x49.5xJan '19Aug '20Mar '22Oct '23May '25Nov '2613.4x25.4x37.5x49.5xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables 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 Consumer Non-Durables is valued

Where does it rank among Consumer Non-Durables peers?

Each cell is the company's percentile rank among its Consumer Non-Durables 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

  • ROCE80th▲ 16 pts vs a year ago
  • Op. margin74thflat vs a year ago
  • Revenue growth76th▲ 14 pts vs a year ago
  • EPS growth72nd▲ 45 pts vs a year ago
  • Debt/equity ↓77th▲ 7 pts vs a year ago
  • Cash cycle ↓42nd▲ 3 pts vs a year ago
  • P/E ↓49th▼ 5 pts vs a year ago
  • 12M momentum81st▲ 65 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 Consumer Non-Durables sector page Watch it move against Consumer Non-Durables in the Observatory

What is the price implying?

~22%annual earnings growth implied by the priceIn line with delivered growth

At normalised P/E (five-year average earnings) of 38.9x, a holder earning 12%/yr needs earnings to grow about 22.1%/yr for 10 years, then trade at 15x.

Delivered21.2%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+0.9 ptsimplied minus delivered
Rank509thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

0%22%44% Jan 2019Nov 2026 0%22%44% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x23.6%24.7%25.9%
15x21.1%22.1%23.2%
20x17.8%18.8%19.9%

Drag a slider to test other assumptions

Implied: 22.1%/yr

Looking back

  • Jan 2020Price implied 23%/yr; EPS has since grown 19%/yr (7.0 yrs)
  • Jan 2021Price implied 29%/yr; EPS has since grown 11%/yr (6.0 yrs)
  • Jan 2022Price implied 28%/yr; EPS has since grown 10%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Consumer Non-Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹241.67
P/E
28.9x
ROCE
22.0%
Market Cap
₹2659 cr
Revenue (TTM)
₹718 cr
P/S
3.7x
P/B
4.6x
ROE
16.1%
Operating Margin
18.0%
Debt / Equity
0.1x
Promoter Holding
36.1%
12M Momentum
15.4%

52-week range

₹153.10₹346.95
46% of the way from its 52-week low to its high

Price risk

1Y volatility
47.9%
Beta vs sector
1-year daily
1.35

Balance sheet & cash

Interest cover
operating profit ÷ interest
31.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.71x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range3 near a threshold
Other income reliance10%Within range

Other income as a share of pre-tax profit (trailing twelve months): 9.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.71xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.71x (cash from operations ₹165 cr, net profit ₹233 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+1 daysWithin range

Debtor days are above the median of the previous three fiscal years by 1 days (77 vs 76). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress10% of fixed assetsWithin range

Capital work-in-progress is 10% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+57 days / 2 yrsNear threshold

Days payable changed by +57 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, DIIs added 13.4 pts; FIIs added 2.0 pts.
  • The number of shareholders rose from 31,526 to 39,264 (+25%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters36.3%36.1%-0.1 pts
FIIs9.6%11.6%+2.0 pts
DIIs7.9%21.3%+13.4 pts
Public and others46.2%31.0%-15.3 pts

Number of shareholders

39,264shareholders+25% since Sep '23
32k36k40k44k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 31,526
Dec '23: 39,812
Mar '24: 40,411
Jun '24: 38,838
Sep '24: 44,142
Dec '24: 41,996
Mar '25: 42,769
Jun '25: 41,436
Sep '25: 42,054
Dec '25: 41,581
Mar '26: 40,319
Jun '26: 39,264
 32k36k40k44k Sep '23Sep '24Sep '25Jun '26
Sep '23: 31,526
Dec '23: 39,812
Mar '24: 40,411
Jun '24: 38,838
Sep '24: 44,142
Dec '24: 41,996
Mar '25: 42,769
Jun '25: 41,436
Sep '25: 42,054
Dec '25: 41,581
Mar '26: 40,319
Jun '26: 39,264

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

−9.8%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 ADF FOODS 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 −25% to +19% vs the market, against −6% for all non-financial companies in the same months.
  • The gap against the base rate (−4.2%, 80% range −11.2% to +6.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
BHARATRAS · Jul 2025: −56.1% vs market
BLISSGVS · Mar 2020: −45.6% vs market
OAL · Sep 2021: −44.0% vs market
INTELLECT · Dec 2021: −42.0% vs market
NEWGEN · Dec 2021: −41.0% vs market
GODFRYPHLP · Jun 2020: −41.0% vs market
MIDHANI · Oct 2020: −34.1% vs market
INFOBEAN · Aug 2022: −33.3% vs market
SAKSOFT · Aug 2025: −32.0% vs market
DOLLAR · May 2022: −30.5% vs market
KKCL · Jul 2023: −30.4% vs market
MARKSANS · Mar 2025: −27.5% vs market
ROTO · Apr 2025: −25.7% vs market
MAYURUNIQ · Jul 2021: −24.5% vs market
BSOFT · Jul 2021: −22.2% vs market
VILAS · Oct 2025: −22.1% vs market
INNOVACAP · Feb 2025: −22.0% vs market
THEJO · Jul 2024: −19.4% vs market
SIGACHI · Dec 2023: −17.4% vs market
ACCELYA · May 2023: −17.2% vs market
AVTNPL · May 2022: −15.7% vs market
ELECON · Feb 2024: −13.8% vs market
IONEXCHANG · Apr 2024: −13.5% vs market
GOLDIAM · Mar 2022: −10.4% vs market
JUSTDIAL · Jan 2020: −10.2% vs market
PIXTRANS · Mar 2025: −9.3% vs market
KIRLOSBROS · Apr 2025: −5.3% vs market
WINDLAS · Jun 2025: −3.7% vs market
GEOJITFSL · Mar 2021: +0.7% vs market
GARFIBRES · Sep 2025: +3.2% vs market
INDGN · Aug 2025: +4.7% vs market
KINGFA · Nov 2023: +6.6% vs market
ZENSARTECH · Mar 2021: +8.4% vs market
ECLERX · May 2022: +10.1% vs market
BHAGCHEM · Jun 2023: +11.4% vs market
RSYSTEMS · Feb 2022: +11.8% vs market
VADILALIND · Jun 2025: +13.3% vs market
ADVENZYMES · Aug 2020: +20.3% vs market
ACE · Oct 2021: +27.4% vs market
TEGA · Nov 2023: +35.2% vs market
RAILTEL · Oct 2023: +35.6% vs market
STYLAMIND · Oct 2025: +40.9% vs market
VIMTALABS · Aug 2022: +41.4% vs market
ANUP · Jun 2024: +49.0% vs market
HSCL · Jul 2025: +50.6% vs market
TI · Apr 2025: +51.8% vs market
BETA · Mar 2024: +56.5% vs market
GRSE · Feb 2024: +60.9% vs market
NEULANDLAB · May 2024: +81.1% vs market
FCL · Nov 2021: +177.4% vs market
Similar setups −9.8%All companies −5.6%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−9.8%
All companies' median
−5.6%
Beat the market
44% vs 44%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
NEULANDLAB
Health Technology		 May 2024 47x21% +120%−21% +81%
GARFIBRES
Producer Manufacturing		 Sep 2025 31x25% −9%−24% +3%
SAKSOFT
Technology Services		 Aug 2025 26x24% −9%−29% −32%
MARKSANS
Health Technology		 Mar 2025 27x21% +47%−37% −28%
INTELLECT
Technology Services		 Dec 2021 38x21% +136%−13% −42%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
OAL
Process Industries		 Sep 2021 30x24% +156%−14% −44%
ECLERX
Commercial Services		 May 2022 25x24% +61%−30% +10%
BSOFT
Technology Services		 Jul 2021 35x22% +234%−4% −22%
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: P/E, 12-month momentum and drawdown from 12-month high. 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 ADF FOODS 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.

NRB BEARINGSNRBBEARING
Producer Manufacturing
71%similar
P/EEPS growth
VINTAGE COFFEE AND BEVERAGESVINCOFE
Distribution Services
69%similar
P/Epromoter holding
CARYSILCARYSIL
Consumer Durables
66%similar
market caprevenue growth
AURIONPRO SOLUTIONSAURIONPRO
Technology Services
65%similar
operating marginvolatility
NEWGEN SOFTWARE TECHNOLOGIESNEWGEN
Technology Services
63%similar
revenue growthEPS growth
BAJAJ CONSUMER CAREBAJAJCON
Consumer Non-Durables
67%similar
P/EEPS growth
ADVANCED ENZYME TECHNOADVENZYMES
Consumer Non-Durables
55%similar
revenueEPS growth
MRS BECTORS FOOD SPECIALITIESBECTORFOOD
Consumer Non-Durables
54%similar
EPS growthrevenue growth

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

What changed?

30 events since Jul '23

  1. JulPriceVolume reached 63.9x its 50-day median on 2026-07-02; price +3.0% that day.
  2. JunPeer rankMoved into the top quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
  3. AprPriceVolume reached 24.3x its 50-day median on 2026-04-17; price +15.2% that day.
  4. MarResultsYear-on-year EPS growth turned positive.
  5. MarPriceFell 55% from the Dec 2024 peak to the Mar 2026 low.
  6. FebPriceVolume reached 37.4x its 50-day median on 2026-02-04; price +9.1% that day.
  7. OctPriceVolume reached 8.5x its 50-day median on 2025-10-08; price -6.5% that day.
  8. SepPeer rankMoved into the top quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
Show 22 earlier events
  1. SepPriceVolume reached 16.0x its 50-day median on 2025-09-04; price +5.9% that day.
  2. JunResultsYear-on-year EPS growth turned negative.
  3. JunValuationP/E crossed above the 90th percentile of its own history to date (42.7x).
  4. JunPeer rankSlipped to the 2nd quartile of Consumer Non-Durables on operating margin (from the top quartile).
  5. JunDividendDividend payout cut from 77% to 19% of profit.
  6. JunPriceVolume reached 15.2x its 50-day median on 2025-06-02; price +10.5% that day.
  7. MarInstitutionsFII + DII holding rose 15.6 pts over 2 quarters to 33.7%.
  8. MarPeer rankMoved into the top quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
  9. OctValuationP/E crossed above the 90th percentile of its own history to date (43.6x).
  10. OctPriceVolume reached 15.7x its 50-day median on 2024-10-09; price +14.5% that day.
  11. SepPeer rankSlipped to the 2nd quartile of Consumer Non-Durables on operating margin (from the top quartile).
  12. SepPriceVolume reached 29.7x its 50-day median on 2024-09-12; price +9.8% that day.
  13. AugPriceRegained the 2023-09 peak, 5 months after the low.
  14. JunResultsRevenue (TTM) reached a new high of ₹521 cr.
  15. JunPeer rankMoved into the top quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  16. AprPriceVolume reached 14.6x its 50-day median on 2024-04-19; price +14.3% that day.
  17. MarPriceFell 29% from the Sep 2023 peak to the Mar 2024 low.
  18. MarPriceVolume reached 35.3x its 50-day median on 2024-03-01; price +17.1% that day.
  19. JanValuationP/E crossed above the 90th percentile of its own history to date (42.0x).
  20. OctPriceVolume reached 18.6x its 50-day median on 2023-10-13; price +19.6% that day.
  21. JulPriceRegained the 2021-05 peak, 13 months after the low.
  22. JulPriceVolume reached 78.3x its 50-day median on 2023-07-03; price +19.7% 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1128.9x₹718 cr16.1%22.0%0.1x
2026-1028.1x₹718 cr15.9%22.0%0.1x
2026-0932.6x₹718 cr15.9%22.0%0.1x
2026-0833.0x₹684 cr15.6%22.0%0.1x
2026-0733.1x₹684 cr15.6%22.0%0.1x
2026-0637.9x₹684 cr15.6%22.0%0.1x
2026-0536.1x₹646 cr16.1%17.0%0.1x
2026-0436.0x₹646 cr16.1%17.0%0.1x
2026-0322.8x₹646 cr16.1%17.0%0.1x
2026-0228.1x₹602 cr15.4%17.0%0.1x
2026-0125.1x₹602 cr15.4%17.0%0.1x
2025-1229.1x₹602 cr15.4%17.0%0.1x
2025-1132.8x₹600 cr14.2%17.0%0.1x
2025-1034.4x₹600 cr14.2%17.0%0.1x
2025-0934.6x₹600 cr14.2%17.0%0.1x
2025-0832.4x₹589 cr14.0%17.0%0.1x
2025-0738.6x₹589 cr14.0%17.0%0.1x
2025-0642.7x₹589 cr14.0%17.0%0.1x
2025-0532.7x₹584 cr17.7%20.0%0.1x
2025-0430.8x₹584 cr17.7%20.0%0.1x
2025-0332.6x₹584 cr17.7%20.0%0.1x
2025-0232.4x₹567 cr17.7%20.0%0.1x
2025-0137.2x₹567 cr17.7%20.0%0.1x
2024-1240.7x₹567 cr17.7%20.0%0.1x
2024-1148.6x₹531 cr16.6%20.0%0.1x
2024-1043.6x₹531 cr16.6%20.0%0.1x
2024-0938.6x₹531 cr16.6%20.0%0.1x
2024-0839.3x₹521 cr16.8%20.0%0.1x
2024-0734.1x₹521 cr16.8%20.0%0.1x
2024-0635.3x₹521 cr16.8%20.0%0.1x
2024-0542.0x₹450 cr13.4%17.0%0.1x
2024-0444.6x₹450 cr13.4%17.0%0.1x
2024-0336.3x₹450 cr13.4%17.0%0.1x
2024-0237.3x₹450 cr13.4%17.0%0.1x
2024-0142.0x₹450 cr13.4%17.0%0.1x
2023-1239.2x₹450 cr13.4%17.0%0.1x
2023-1141.9x₹450 cr13.4%17.0%0.1x
2023-1046.7x₹450 cr13.4%17.0%0.1x
2023-0941.0x₹450 cr13.4%17.0%0.1x
2023-0842.9x₹450 cr13.4%17.0%0.1x
2023-0743.0x₹450 cr13.4%17.0%0.1x
2023-0636.7x₹450 cr13.4%17.0%0.1x
2023-0538.6x₹421 cr14.3%19.0%0.2x
2023-0432.5x₹421 cr14.3%19.0%0.2x
2023-0332.4x₹421 cr14.3%19.0%0.2x
2023-0231.9x₹421 cr14.3%19.0%0.2x
2023-0133.2x₹421 cr14.3%19.0%0.2x
2022-1234.0x₹421 cr14.3%19.0%0.2x
2022-1136.1x₹421 cr14.3%19.0%0.2x
2022-1031.0x₹421 cr14.3%19.0%0.2x
2022-0932.0x₹421 cr14.3%19.0%0.2x
2022-0831.6x₹421 cr14.3%19.0%0.2x
2022-0730.5x₹421 cr14.3%19.0%0.2x
2022-0631.5x₹421 cr14.3%19.0%0.2x
2022-0532.1x₹370 cr18.3%27.0%0.0x
2022-0430.3x₹370 cr18.3%27.0%0.0x
2022-0331.1x₹370 cr18.3%27.0%0.0x
2022-0229.4x₹370 cr18.3%27.0%0.0x
2022-0134.6x₹370 cr18.3%27.0%0.0x
2021-1232.3x₹370 cr18.3%27.0%0.0x

Older months are in the live observatory.

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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