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AGI GREENPAC LIMITED (AGI)

Process Industries · Containers/Packaging · 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.81 / 100
Profitability 84Growth 69Balance sheet 90
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.41 / 100
Price 57Earnings 49FII/DII 16

Passes these screensQuality CompounderDebt-light & profitable

Compare withTIME TECHNOPLASTEPLUFLEX

Share price

Closing priceAdjusted for splits and bonus issues.

₹692.4 latest close · −2.1% over the last 90 sessions

₹700₹800Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹700₹800Jul 3Sep 4Nov 9

₹692.4 month-end · −9.6% over 12 months

₹600₹800Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹600₹800Nov '25May '26Nov '26

₹692.4 month-end · −27.6% over 3 years

₹600₹800₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹600₹800₹1,000Nov '23May '25Nov '26

₹692.4 month-end · +237.9% since Jan '19

₹0₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹465.00 to ₹851.00 · 1-year volatility 43.9%

Was the rally earned?

-10%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 4 points, but investors now pay less per rupee of profit (P/E 14.2x to 12.4x), which took 13 points back.
  • The share count barely moved.
Net profit growth: +4 pts. Points of the price return explained by net profit growing (or shrinking).+4 ptsNet profit growthP/E change: −13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−13 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: −10%−10%Share priceNet profit growth: +4 pts. Points of the price return explained by net profit growing (or shrinking).+4ProfitP/E change: −13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−13P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −10%−10%Share price
Net profit growth+4 ptsNet profit rose about 4%, which lifts the price.
P/E change-13 ptsThe P/E fell from 14.2x to 12.4x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-28%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 150 points, but investors now pay less per rupee of profit (P/E 98.7x to 12.4x), which took 177 points back.
  • The share count fell 10%.
Net profit growth: +140 pts. Points of the price return explained by net profit growing (or shrinking).+140 ptsNet profit growthP/E change: −177 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−177 ptsP/E changeShare count change: +9 pts. Points of the price return explained by the share count changing. More shares count against the price.+9 ptsShare count changeShare price: −28%−28%Share priceNet profit growth: +140 pts. Points of the price return explained by net profit growing (or shrinking).+140ProfitP/E change: −177 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−177P/EShare count change: +9 pts. Points of the price return explained by the share count changing. More shares count against the price.+9SharesShare price: −28%−28%Share price
Net profit growth+140 ptsNet profit rose about 417%, which lifts the price.
P/E change-177 ptsThe P/E fell from 98.7x to 12.4x, which lowers the price.
Share count change+9 ptsShare count fell 10%, which lifts the price.
+231%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 339 points, but investors now pay less per rupee of profit (P/E 21.6x to 12.4x), which took 107 points back.
  • The share count fell 10%.
Net profit growth: +317 pts. Points of the price return explained by net profit growing (or shrinking).+317 ptsNet profit growthP/E change: −107 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−107 ptsP/E changeShare count change: +21 pts. Points of the price return explained by the share count changing. More shares count against the price.+21 ptsShare count changeShare price: +231%+231%Share priceNet profit growth: +317 pts. Points of the price return explained by net profit growing (or shrinking).+317ProfitP/E change: −107 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−107P/EShare count change: +21 pts. Points of the price return explained by the share count changing. More shares count against the price.+21SharesShare price: +231%+231%Share price
Net profit growth+317 ptsNet profit rose about 417%, which lifts the price.
P/E change-107 ptsThe P/E fell from 21.6x to 12.4x, which lowers the price.
Share count change+21 ptsShare count fell 10%, which lifts 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 TIME TECHNOPLAST

How rough has the ride been?

Maximum drawdown-85.6%recovered 2021-06
1-year volatility43.9%annualised
Beta vs sector index1.183-year daily, correlation 0.43
Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−83.9% 0%−25%−50%−75%2020202220242026−83.9%
Largest drawdowns

-85.6% (2019-05 peak to 2020-03 low, recovered 2021-06)

-63.5% (2024-12 peak to 2026-03 low, not yet recovered)

-48.2% (2022-04 peak to 2022-06 low, recovered 2022-09)

Most recent volume spikes

2026-09-21: 10.9x the 50-day median, price +10.0% that day

2026-08-31: 5.8x the 50-day median, price +0.2% that day

2026-08-21: 8.1x the 50-day median, price +5.9% 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?

12.4xP/E todayWithin its usual range
Against its own history28th percentile
CheapestMedian 14.4xDearest

Usual range 11.5x to 21.2x since 2019-01.

Against Process Industries12.4x vs 18.1x
This company
12.4x
Sector median
18.1x

32% below the Process Industries median.

6.8x15.4x24.1x32.7xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x15.4x24.1x32.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianProcess Industries 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 Process Industries is valued

Where does it rank among Process Industries peers?

Each cell is the company's percentile rank among its Process Industries 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

  • ROCE82nd
  • Op. margin87th▼ 3 pts vs a year ago
  • Revenue growth42nd▲ 21 pts vs a year ago
  • EPS growth47th▼ 51 pts vs a year ago
  • Debt/equity ↓77th▲ 17 pts vs a year ago
  • Cash cycle ↓24thflat vs a year ago
  • P/E ↓69thflat vs a year ago
  • 12M momentum50th▼ 4 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 Process Industries sector page Watch it move against Process Industries in the Observatory

What is the price implying?

~16%annual earnings growth implied by the priceIn line with delivered growth

At normalised P/E (five-year average earnings) of 24.3x, a holder earning 12%/yr needs earnings to grow about 15.7%/yr for 10 years, then trade at 15x.

Delivered12.9%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+2.8 ptsimplied minus delivered
Rank479thmost demanding of 856

Over time

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

-8%13%33% Jan 2019Nov 2026 -8%13%33% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x17.0%18.1%19.2%
15x14.7%15.7%16.8%
20x11.7%12.7%13.7%

Drag a slider to test other assumptions

Implied: 15.7%/yr

Looking back

  • Jan 2020Price implied −5%/yr; EPS has since grown 27%/yr (7.0 yrs)
  • Jan 2021Price implied 6%/yr; EPS has since grown 27%/yr (7.0 yrs)
  • Jan 2022Price implied 16%/yr; EPS has since grown 27%/yr (7.0 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 Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹692.40
P/E
12.4x
ROCE
20.0%
Market Cap
₹4481 cr
Revenue (TTM)
₹2763 cr
P/S
1.6x
P/B
1.9x
ROE
15.0%
Operating Margin
22.0%
Debt / Equity
0.1x
Promoter Holding
60.4%
12M Momentum
-9.6%

52-week range

₹465.00₹851.00
59% of the way from its 52-week low to its high

Price risk

1Y volatility
43.9%
Beta vs sector
1-year daily
1.34

Balance sheet & cash

Interest cover
operating profit ÷ interest
12.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.41x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance14%Within range

Other income as a share of pre-tax profit (trailing twelve months): 13.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate24%Within range

Median quarterly effective tax rate over about 2.5 years: 24.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.79xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.79x (cash from operations ₹1,329 cr, net profit ₹744 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-25 daysWithin range

Debtor days are below the median of the previous three fiscal years by 25 days (54 vs 79). 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-4 days / 2 yrsWithin range

Days payable changed by -4 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 trimmed 1.6 pts.
  • The number of shareholders rose from 48,387 to 58,757 (+21%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters60.2%60.4%+0.2 pts
FIIs6.7%6.3%-0.4 pts
DIIs2.7%1.1%-1.6 pts
Public and others30.4%32.3%+1.9 pts

Number of shareholders

58,757shareholders+21% since Sep '23
48k55k61k67k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 48,387
Dec '23: 61,779
Mar '24: 67,343
Jun '24: 60,459
Sep '24: 52,183
Dec '24: 50,268
Mar '25: 53,899
Jun '25: 53,546
Sep '25: 54,922
Dec '25: 55,939
Mar '26: 57,390
Jun '26: 58,757
 48k55k61k67k Sep '23Sep '24Sep '25Jun '26
Sep '23: 48,387
Dec '23: 61,779
Mar '24: 67,343
Jun '24: 60,459
Sep '24: 52,183
Dec '24: 50,268
Mar '25: 53,899
Jun '25: 53,546
Sep '25: 54,922
Dec '25: 55,939
Mar '26: 57,390
Jun '26: 58,757

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

+11.9%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 AGI GREENPAC 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 −18% to +40% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (+14.8%, 80% range −4.7% to +26.7%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
GAEL · Jan 2024: −45.9% vs market
GHCL · Mar 2023: −40.8% vs market
GTPL · Dec 2023: −39.0% vs market
PSPPROJECT · Jun 2023: −34.4% vs market
DBCORP · Sep 2025: −33.7% vs market
IOLCP · Aug 2023: −31.0% vs market
RSYSTEMS · Sep 2025: −30.6% vs market
EXPLEOSOL · Jul 2025: −28.2% vs market
INSECTICID · Apr 2020: −26.6% vs market
GIPCL · Jun 2025: −25.2% vs market
BALMLAWRIE · Jul 2024: −24.0% vs market
PPAP · Mar 2020: −22.7% vs market
DCMSHRIRAM · Aug 2022: −18.9% vs market
EXCELINDUS · Aug 2020: −16.4% vs market
LUMAXTECH · Oct 2020: −14.7% vs market
TCI · Feb 2023: −14.6% vs market
NAVNETEDUL · Jun 2024: −11.0% vs market
LGBBROSLTD · Apr 2024: −8.3% vs market
AHLUCONT · Jan 2024: −7.9% vs market
KSL · Jun 2025: −5.7% vs market
ANDHRSUGAR · Apr 2020: −5.0% vs market
FIEMIND · Jul 2023: −4.2% vs market
LINCOLN · Mar 2020: −3.2% vs market
LUMAXIND · May 2020: +5.0% vs market
ALLDIGI · Jun 2021: +10.1% vs market
PIXTRANS · Jun 2024: +13.7% vs market
USHAMART · Dec 2024: +14.3% vs market
ORIENTCEM · Apr 2023: +17.5% vs market
GPIL · Jul 2025: +18.5% vs market
DATAMATICS · Mar 2023: +26.2% vs market
SANDUMA · Apr 2025: +28.7% vs market
FLAIR · Mar 2025: +29.5% vs market
MAITHANALL · Jun 2020: +31.4% vs market
PCBL · Aug 2020: +32.4% vs market
GOKEX · Jun 2023: +32.8% vs market
STARCEMENT · Aug 2024: +35.5% vs market
TALBROAUTO · Jun 2025: +37.6% vs market
AARTIPHARM · Sep 2024: +40.9% vs market
CYIENT · Dec 2020: +47.7% vs market
ZENSARTECH · Apr 2023: +49.1% vs market
KRBL · May 2022: +52.0% vs market
KEI · Jul 2021: +62.4% vs market
INFOBEAN · Jun 2025: +66.2% vs market
FSL · Jan 2020: +66.5% vs market
GODFRYPHLP · Aug 2022: +77.0% vs market
BSOFT · Feb 2020: +85.8% vs market
IMFA · Mar 2025: +102.2% vs market
MARKSANS · Nov 2022: +152.6% vs market
HFCL · Jun 2020: +159.7% vs market
ECLERX · Jul 2020: +198.5% vs market
Similar setups +11.9%All companies −2.9%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
+11.9%
All companies' median
−2.9%
Beat the market
54% vs 47%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GPIL
Non-Energy Minerals		 Jul 2025 16x23% −14%−18% +19%
MARKSANS
Health Technology		 Nov 2022 13x23% +2%−10% +153%
DBCORP
Consumer Services		 Sep 2025 14x21% −21%−25% −34%
AARTIPHARM
Health Technology		 Sep 2024 26x17% +38%−9% +41%
TALBROAUTO
Producer Manufacturing		 Jun 2025 20x19% −3%−22% +38%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KSL
Non-Energy Minerals		 Jun 2025 16x16% 0%−25% −6%
DATAMATICS
Technology Services		 Mar 2023 11x22% −5%−20% +26%
PCBL
Process Industries		 Aug 2020 7x16% +4%−20% +32%
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: 12-month momentum, P/S 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 AGI GREENPAC 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.

INDIAN METALS & FERRO ALLOYS LIMFA
Non-Energy Minerals
69%similar
P/Epromoter holding
ASHOKA BUILDCONASHOKA
Industrial Services
64%similar
EPS growthmarket cap
SHIPPING CORP OF INDIA LTSCI
Transportation
56%similar
volatilityrevenue growth
ZENSAR TECHNOLOGIESZENSARTECH
Technology Services
56%similar
ROCEP/E
ENGINEERS INDIAENGINERSIN
Industrial Services
54%similar
revenuevolatility
MAYUR UNIQUOTERSMAYURUNIQ
Process Industries
59%similar
operating marginpromoter holding
BHANSALI ENGINEERING POLYMERSBEPL
Process Industries
51%similar
revenue growthP/E
SAVITA OIL TECHNOLOGIES LIMITESOTL
Process Industries
51%similar
market capP/E

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

What changed?

30 events since Jun '22

  1. SepResultsRevenue (TTM) reached a new high of ₹2,763 cr.
  2. SepPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  3. SepPriceVolume reached 10.9x its 50-day median on 2026-09-21; price +10.0% that day.
  4. JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 3rd quartile).
  5. AprPriceVolume reached 85.5x its 50-day median on 2026-04-28; price +19.1% that day.
  6. MarPriceFell 64% from the Dec 2024 peak to the Mar 2026 low.
  7. FebPriceVolume reached 14.0x its 50-day median on 2026-02-09; price +7.7% that day.
  8. JanDebtDebt / equity halved over 12 months to 0.26x.
Show 22 earlier events
  1. JulPriceVolume reached 97.2x its 50-day median on 2025-07-22; price +14.8% that day.
  2. JunResultsYear-on-year EPS growth turned positive.
  3. JunPeer rankMoved into the top quartile of Process Industries on EPS growth (from the 2nd quartile).
  4. JunDebtDebt / equity halved over 12 months to 0.26x.
  5. JunDividendDividend payout cut from 31% to 14% of profit.
  6. JanPriceVolume reached 13.9x its 50-day median on 2025-01-29; price -16.9% that day.
  7. DecPriceRegained the 2023-10 peak, 6 months after the low.
  8. DecPriceVolume reached 7.4x its 50-day median on 2024-12-02; price +9.7% that day.
  9. JulPriceVolume reached 20.2x its 50-day median on 2024-07-04; price +11.1% that day.
  10. JunPriceFell 40% from the Oct 2023 peak to the Jun 2024 low.
  11. JunPeer rankMoved into the 3rd quartile of Process Industries on ROCE (from the bottom quartile).
  12. MarPriceVolume reached 6.6x its 50-day median on 2024-03-01; price +7.8% that day.
  13. OctPriceVolume reached 20.6x its 50-day median on 2023-10-13; price +15.1% that day.
  14. SepPriceVolume reached 32.2x its 50-day median on 2023-09-20; price +17.0% that day.
  15. JunPeer rankMoved into the 2nd quartile of Process Industries on EPS growth (from the 3rd quartile).
  16. MayPriceVolume reached 43.5x its 50-day median on 2023-05-08; price +7.8% that day.
  17. AprPriceRegained the 2022-09 peak, 4 months after the low.
  18. JanPriceVolume reached 9.2x its 50-day median on 2023-01-30; price +8.2% that day.
  19. DecPriceFell 28% from the Sep 2022 peak to the Dec 2022 low.
  20. SepPriceRegained the 2022-04 peak, 3 months after the low.
  21. JulPriceVolume reached 15.4x its 50-day median on 2022-07-29; price +10.7% that day.
  22. JunPriceFell 48% from the Apr 2022 peak to the Jun 2022 low.

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
2026-1112.4x₹2763 cr15.0%20.0%0.1x
2026-1011.5x₹2763 cr15.0%20.0%0.1x
2026-0914.4x₹2763 cr15.0%20.0%0.1x
2026-0814.3x₹2666 cr14.6%20.0%0.1x
2026-0713.1x₹2666 cr14.6%20.0%0.1x
2026-0612.7x₹2666 cr14.6%20.0%0.1x
2026-0511.5x₹2629 cr15.9%—0.3x
2026-0412.3x₹2629 cr15.9%—0.3x
2026-039.1x₹2629 cr15.9%—0.3x
2026-029.8x₹2653 cr16.8%—0.3x
2026-0111.5x₹2653 cr16.8%—0.3x
2025-1213.8x₹2653 cr16.8%—0.3x
2025-1114.2x₹2650 cr16.6%—0.3x
2025-1015.2x₹2650 cr16.6%—0.3x
2025-0915.7x₹2650 cr16.6%—0.3x
2025-0817.9x₹2529 cr15.3%—0.3x
2025-0719.3x₹2529 cr15.3%—0.3x
2025-0616.5x₹2529 cr15.3%—0.3x
2025-05—₹2712 cr4.6%7.0%0.8x
2025-04—₹2712 cr4.6%7.0%0.8x
2025-03—₹2712 cr4.6%7.0%0.8x
2025-02—₹2712 cr4.6%7.0%0.8x
2025-01—₹2712 cr4.6%7.0%0.8x
2024-12—₹2712 cr4.6%7.0%0.8x
2024-11—₹2712 cr4.6%7.0%0.8x
2024-10—₹2712 cr4.6%7.0%0.8x
2024-09—₹2712 cr4.6%7.0%0.8x
2024-08—₹2712 cr4.6%7.0%0.8x
2024-07—₹2712 cr4.6%7.0%0.8x
2024-06—₹2712 cr4.6%7.0%0.8x
2024-05—₹2712 cr4.6%7.0%0.8x
2024-04—₹2712 cr4.6%7.0%0.8x
2024-03—₹2712 cr4.6%7.0%0.8x
2024-02—₹2712 cr4.6%7.0%0.8x
2024-01—₹2712 cr4.6%7.0%0.8x
2023-12—₹2712 cr4.6%7.0%0.8x
2023-11—₹2712 cr4.6%7.0%0.8x
2023-10—₹2712 cr4.6%7.0%0.8x
2023-09—₹2712 cr4.6%7.0%0.8x
2023-08—₹2712 cr4.6%7.0%0.8x
2023-07—₹2712 cr4.6%7.0%0.8x
2023-06—₹2712 cr4.6%7.0%0.8x
2023-05—₹2712 cr4.6%7.0%0.8x
2023-04—₹2712 cr4.6%7.0%0.8x
2023-03—₹2712 cr4.6%7.0%0.8x
2023-02—₹2712 cr4.6%7.0%0.8x
2023-01—₹2712 cr4.6%7.0%0.8x
2022-12—₹2712 cr4.6%7.0%0.8x
2022-11—₹2712 cr4.6%7.0%0.8x
2022-10—₹2712 cr4.6%7.0%0.8x
2022-09—₹2712 cr4.6%7.0%0.8x
2022-08—₹2712 cr4.6%7.0%0.8x
2022-07—₹2712 cr4.6%7.0%0.8x
2022-06—₹2712 cr4.6%7.0%0.8x
2022-05—₹2712 cr4.6%7.0%0.8x
2022-04—₹2712 cr4.6%7.0%0.8x
2022-03—₹2712 cr4.6%7.0%0.8x
2022-02—₹2712 cr4.6%7.0%0.8x
2022-01—₹2712 cr4.6%7.0%0.8x
2021-12—₹2712 cr4.6%7.0%0.8x
2021-11—₹2712 cr4.6%7.0%0.8x
2021-10—₹2712 cr4.6%7.0%0.8x
2021-09—₹2712 cr4.6%7.0%0.8x
2021-08—₹2712 cr4.6%7.0%0.8x
2021-07—₹2712 cr4.6%7.0%0.8x
2021-06—₹2712 cr4.6%7.0%0.8x
2021-05—₹2712 cr4.6%7.0%0.8x
2021-04—₹2712 cr4.6%7.0%0.8x
2021-03—₹2712 cr4.6%7.0%0.8x
2021-02—₹2712 cr4.6%7.0%0.8x
2021-01—₹2712 cr4.6%7.0%0.8x
2020-12—₹2712 cr4.6%7.0%0.8x
2020-11—₹2712 cr4.6%7.0%0.8x
2020-10—₹2712 cr4.6%7.0%0.8x
2020-09—₹2712 cr4.6%7.0%0.8x
2020-08—₹2712 cr4.6%7.0%0.8x
2020-07—₹2712 cr4.6%7.0%0.8x
2020-06—₹2712 cr4.6%7.0%0.8x
2020-05—₹2712 cr4.6%7.0%0.8x
2020-04—₹2712 cr4.6%7.0%0.8x
2020-03—₹2712 cr4.6%7.0%0.8x
2020-02—₹2712 cr4.6%7.0%0.8x
2020-01—₹2712 cr4.6%7.0%0.8x
2019-12—₹2712 cr4.6%7.0%0.8x
2019-11—₹2712 cr4.6%7.0%0.8x
2019-10—₹2712 cr4.6%7.0%0.8x
2019-09—₹2712 cr4.6%7.0%0.8x
2019-08—₹2712 cr4.6%7.0%0.8x
2019-0718.9x₹2712 cr4.6%7.0%0.8x
2019-0621.9x₹2712 cr4.6%7.0%0.8x
2019-0522.9x₹2253 cr5.0%7.0%0.8x
2019-0421.8x₹2253 cr5.0%7.0%0.8x
2019-0320.2x₹2253 cr5.0%7.0%0.8x
2019-0218.0x₹2253 cr5.0%7.0%0.8x
2019-0120.0x₹2253 cr5.0%7.0%0.8x

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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