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APEX FROZEN FOODS LTD (APEX)

Consumer Non-Durables · Food: Meat/Fish/Dairy · figures to Nov '26

Divergence: business ahead of price (4 months)
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.59 / 100
Profitability 41Growth 37Balance 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.66 / 100
Price 19Earnings 93FII/DII 86

Passes these screensCash RichBusiness ahead of price

Compare withHATSUN AGRO PRODUCTSDODLA DAIRYPARAG MILK FOODS

Share price

Closing priceAdjusted for splits and bonus issues.

₹319 latest close · −21.0% over the last 90 sessions

₹300₹350₹400Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹300₹350₹400Jul 3Sep 4Nov 9

₹319 month-end · +7.3% over 12 months

₹300₹400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹300₹400Nov '25May '26Nov '26

₹319 month-end · +47.9% over 3 years

₹200₹300₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹300₹400Nov '23May '25Nov '26

₹319 month-end · −9.9% since Jan '19

₹200₹300₹400Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹200₹300₹400Jan '19Dec '22Nov '26

52-week range ₹232.00 to ₹514.50 · 1-year volatility 63.2%

Was the rally earned?

+7%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 178 points, but investors now pay less per rupee of profit (P/E 101.1x to 19.4x), which took 171 points back.
  • The share count barely moved.
Net profit growth: +180 pts. Points of the price return explained by net profit growing (or shrinking).+180 ptsNet profit growthP/E change: −171 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−171 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: +7%+7%Share priceNet profit growth: +180 pts. Points of the price return explained by net profit growing (or shrinking).+180ProfitP/E change: −171 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−171P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +7%+7%Share price
Net profit growth+180 ptsNet profit rose about 470%, which lifts the price.
P/E change-171 ptsThe P/E fell from 101.1x to 19.4x, which lowers the price.
Share count change-2 ptsShare count was little changed. More shares would count against the price.
+48%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 44 points to the rise, while the multiple moved less (P/E 18.8x to 19.4x).
  • The share count barely moved.
Net profit growth: +43 pts. Points of the price return explained by net profit growing (or shrinking).+43 ptsNet profit growthP/E change: +4 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+4 ptsP/E changeShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1 ptsShare count changeShare price: +48%+48%Share priceNet profit growth: +43 pts. Points of the price return explained by net profit growing (or shrinking).+43ProfitP/E change: +4 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+4P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +48%+48%Share price
Net profit growth+43 ptsNet profit rose about 43%, which lifts the price.
P/E change+4 ptsThe P/E rose from 18.8x to 19.4x, which lifts the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+23%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 17 points to the rise, while the multiple moved less (P/E 18.4x to 19.4x).
  • The share count barely moved.
Net profit growth: +17 pts. Points of the price return explained by net profit growing (or shrinking).+17 ptsNet profit growthP/E change: +6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+6 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: +23%+23%Share priceNet profit growth: +17 pts. Points of the price return explained by net profit growing (or shrinking).+17ProfitP/E change: +6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+6P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +23%+23%Share price
Net profit growth+17 ptsNet profit rose about 17%, which lifts the price.
P/E change+6 ptsThe P/E rose from 18.4x to 19.4x, which lifts 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 HATSUN AGRO PRODUCTS

How rough has the ride been?

Maximum drawdown-66.4%recovered 2026-02
1-year volatility63.2%annualised
Beta vs sector index1.233-year daily, correlation 0.31
Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−61.1% 0%−20%−40%−60%2020202220242026−61.1%
Largest drawdowns

-66.4% (2020-01 peak to 2020-03 low, recovered 2026-02)

-46.5% (2019-01 peak to 2019-08 low, recovered 2020-01)

-41.6% (2026-05 peak to 2026-10 low, not yet recovered)

Most recent volume spikes

2026-08-19: 9.7x the 50-day median, price +0.4% that day

2026-08-18: 9.1x the 50-day median, price -5.7% that day

2026-08-17: 8.7x the 50-day median, price -0.9% 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?

19.4xP/E todayWithin its usual range
Against its own history54th percentile
CheapestMedian 19.1xDearest

Usual range 12.1x to 93.4x since 2019-01.

Against Consumer Non-Durables19.4x vs 26.8x
This company
19.4x
Sector median
26.8x

28% below the Consumer Non-Durables median.

8.7x160.0x311.4x462.7xJan '19Aug '20Mar '22Oct '23May '25Nov '268.7x160.0x311.4x462.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

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

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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

  • ROCE34th▲ 20 pts vs a year ago
  • Op. margin49th▲ 28 pts vs a year ago
  • Revenue growth40th▼ 36 pts vs a year ago
  • EPS growth100th▲ 87 pts vs a year ago
  • Debt/equity ↓92nd▲ 26 pts vs a year ago
  • Cash cycle ↓52nd▲ 12 pts vs a year ago
  • P/E ↓66th▲ 56 pts vs a year ago
  • 12M momentum74th▼ 11 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 price

At a P/E of 37.3x, the price would imply about 21.5%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

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

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

Key figures

Share Priceclose 9 Nov
₹319.00
P/E
19.4x
ROCE
10.0%
Market Cap
₹995 cr
Revenue (TTM)
₹927 cr
P/S
1.1x
P/B
1.9x
ROE
9.7%
Operating Margin
12.0%
Debt / Equity
0.0x
Promoter Holding
72.6%
12M Momentum
7.3%

52-week range

₹232.00₹514.50
31% of the way from its 52-week low to its high

Price risk

1Y volatility
63.2%
Beta vs sector
1-year daily
1.37

Balance sheet & cash

Interest cover
operating profit ÷ interest
23.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.78x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance29%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 29.0%. 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 conversion2.78xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.78x (cash from operations ₹161 cr, net profit ₹58 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-6 daysWithin range

Debtor days are below the median of the previous three fiscal years by 6 days (43 vs 49). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+8 days / 2 yrsWithin range

Days payable changed by +8 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 2 years, FIIs added 5.8 pts; DIIs added 0.6 pts.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters72.6%72.6%0.0 pts
FIIs0.0%5.8%+5.8 pts
DIIs0.0%0.6%+0.6 pts
Public and others27.4%20.9%-6.4 pts

Number of shareholders

39,978shareholders+3% since Dec '23
38k39k41k42k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 38,947
Mar '24: 42,155
Jun '24: 39,856
Sep '24: 42,451
Dec '24: 41,027
Mar '25: 40,895
Jun '25: 39,170
Sep '25: 39,445
Dec '25: 37,595
Mar '26: 39,165
Jun '26: 39,978
 38k39k41k42k Dec '23Dec '24Dec '25Jun '26
Dec '23: 38,947
Mar '24: 42,155
Jun '24: 39,856
Sep '24: 42,451
Dec '24: 41,027
Mar '25: 40,895
Jun '25: 39,170
Sep '25: 39,445
Dec '25: 37,595
Mar '26: 39,165
Jun '26: 39,978

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

−5.3%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 APEX FROZEN FOODS LTD 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 −22% to +18% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (−1.4%, 80% range −8.6% to +4.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
NIITLTD · May 2025: −51.1% vs market
ORIENTBELL · Jan 2023: −48.5% vs market
AIRAN · Jul 2025: −47.0% vs market
ADSL · Dec 2024: −38.7% vs market
FROG · Mar 2025: −36.8% vs market
EKC · Jan 2025: −34.4% vs market
AARVI · May 2023: −29.9% vs market
ORIENTCER · Jun 2024: −29.3% vs market
VASCONEQ · Jul 2024: −26.2% vs market
KOPRAN · Dec 2023: −25.3% vs market
PONNIERODE · May 2023: −24.7% vs market
MMP · Jun 2020: −24.7% vs market
SREEL · Jul 2024: −22.3% vs market
BANCOINDIA · Feb 2021: −20.5% vs market
IFGLEXPOR · May 2024: −18.1% vs market
XCHANGING · May 2024: −15.8% vs market
PRECAM · Mar 2024: −15.7% vs market
DCAL · Apr 2021: −15.5% vs market
ALPHAGEO · Jun 2022: −15.2% vs market
ASAHISONG · Dec 2020: −13.0% vs market
FIBERWEB · Apr 2025: −9.5% vs market
ALPA · Jul 2022: −9.3% vs market
MOREPENLAB · Jul 2025: −7.4% vs market
VARDHACRLC · Jun 2022: −6.9% vs market
ONMOBILE · Oct 2021: −6.8% vs market
BHAGERIA · Jan 2025: −3.8% vs market
BBL · Apr 2025: −0.7% vs market
IZMO · May 2024: +1.3% vs market
MODISONLTD · Mar 2024: +1.8% vs market
INDNIPPON · Sep 2022: +1.9% vs market
IFBAGRO · Feb 2020: +3.7% vs market
BOROLTD · Mar 2022: +4.2% vs market
JTEKTINDIA · Apr 2023: +8.6% vs market
MAZDA · Oct 2025: +9.5% vs market
CHEMBOND · Feb 2024: +10.8% vs market
MINDTECK · May 2024: +13.8% vs market
JGCHEM · Apr 2025: +16.2% vs market
GENUSPAPER · Dec 2020: +18.7% vs market
SARLAPOLY · Aug 2024: +19.0% vs market
DATAMATICS · Feb 2022: +19.7% vs market
CHEMFAB · Jun 2024: +24.0% vs market
EVERESTIND · Jan 2023: +24.8% vs market
DLINKINDIA · May 2023: +25.0% vs market
LGBBROSLTD · Jul 2020: +45.8% vs market
GSS · Mar 2021: +78.8% vs market
IOLCP · Oct 2025: +102.9% vs market
BLISSGVS · Apr 2025: +118.4% vs market
MANALIPETC · Jan 2021: +146.6% vs market
BORORENEW · Sep 2020: +158.4% vs market
HBLENGINE · Aug 2022: +200.6% vs market
Similar setups −5.3%All companies −3.9%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
−5.3%
All companies' median
−3.9%
Beat the market
46% vs 46%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ONMOBILE
Communications		 Oct 2021 25x10% +134%−25% −7%
MINDTECK
Technology Services		 May 2024 32x14% +111%−23% +14%
CHEMFAB
Process Industries		 Jun 2024 33x10% +96%−15% +24%
DATAMATICS
Technology Services		 Feb 2022 19x14% +130%−32% +20%
IFGLEXPOR
Producer Manufacturing		 May 2024 28x10% +107%−33% −18%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ORIENTBELL
Producer Manufacturing		 Jan 2023 23x14% +20%−35% −49%
VARDHACRLC
Consumer Non-Durables		 Jun 2022 25x6% +5%−40% −7%
MODISONLTD
Producer Manufacturing		 Mar 2024 34x10% +118%−27% +2%
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 ROCE. 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 APEX FROZEN FOODS LTD. 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.

AMINES & PLASTICIZERSAMNPLST
Process Industries
64%similar
promoter holdingP/E
KN AGRI RESOURCESKNAGRI
Process Industries
61%similar
revenue growthEPS growth
HINDUSTAN MEDIA VENTURES LIMITHMVL
Consumer Services
59%similar
revenueROCE
ORIENT BELLORIENTBELL
Producer Manufacturing
57%similar
revenueROCE
NAHAR POLYFILMSNAHARPOLY
Process Industries
55%similar
promoter holdingrevenue growth
IFB AGRO INDUSTRIESIFBAGRO
Consumer Non-Durables
59%similar
market capvolatility
SHEETAL COOL PRODUCTSSCPL
Consumer Non-Durables
44%similar
operating marginpromoter holding
SREELEATHERSSREEL
Consumer Non-Durables
42%similar
P/Edebt/equity

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

What changed?

30 events since Apr '22

  1. OctPriceFell 42% from the May 2026 peak to the Oct 2026 low.
  2. AugPriceVolume reached 89.5x its 50-day median on 2026-08-14; price +16.0% that day.
  3. JunPeer rankMoved into the 3rd quartile of Consumer Non-Durables on ROCE (from the bottom quartile).
  4. JunDividendDividend payout cut from 161% to 20% of profit.
  5. AprPriceRegained the 2026-02 peak, 1 month after the low.
  6. AprPriceVolume reached 6.9x its 50-day median on 2026-04-17; price +8.7% that day.
  7. MarPriceFell 27% from the Feb 2026 peak to the Mar 2026 low.
  8. FebPriceRegained the 2020-01 peak, 71 months after the low.
Show 22 earlier events
  1. FebPriceVolume reached 25.3x its 50-day median on 2026-02-13; price -2.5% that day.
  2. DecResultsYear-on-year EPS growth turned positive.
  3. DecPeer rankMoved into the top quartile of Consumer Non-Durables on EPS growth (from the bottom quartile).
  4. NovPriceVolume reached 272.4x its 50-day median on 2025-11-21; price +19.8% that day.
  5. SepPriceVolume reached 185.9x its 50-day median on 2025-09-10; price +17.1% that day.
  6. JunPriceVolume reached 9.5x its 50-day median on 2025-06-11; price +7.1% that day.
  7. JanPriceVolume reached 11.4x its 50-day median on 2025-01-02; price +1.9% that day.
  8. DecInstitutionsFII + DII holding rose 3.1 pts over 2 quarters to 3.2%.
  9. DecPriceVolume reached 24.0x its 50-day median on 2024-12-31; price +15.0% that day.
  10. JulPriceVolume reached 112.6x its 50-day median on 2024-07-24; price +19.6% that day.
  11. JunValuationP/E crossed above the 90th percentile of its own history to date (47.6x).
  12. JunPeer rankSlipped to the bottom quartile of Consumer Non-Durables on ROCE (from the 3rd quartile).
  13. JunPriceVolume reached 12.9x its 50-day median on 2024-06-07; price +7.6% that day.
  14. JanValuationP/E crossed above the 90th percentile of its own history to date (22.1x).
  15. JanPriceVolume reached 77.7x its 50-day median on 2024-01-12; price +7.5% that day.
  16. SepPriceVolume reached 18.9x its 50-day median on 2023-09-01; price +8.8% that day.
  17. JunResultsRevenue (TTM) reached a new high of ₹1,070 cr.
  18. JunPriceVolume reached 18.0x its 50-day median on 2023-06-05; price +4.0% that day.
  19. FebPriceVolume reached 9.9x its 50-day median on 2023-02-01; price -3.8% that day.
  20. AugPriceVolume reached 22.4x its 50-day median on 2022-08-08; price +8.6% that day.
  21. MayPriceVolume reached 7.5x its 50-day median on 2022-05-05; price -4.1% that day.
  22. AprValuationP/E crossed above the 90th percentile of its own history to date (22.1x).

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
2026-1119.4x₹927 cr9.7%10.0%0.0x
2026-1017.8x₹927 cr9.8%10.0%0.0x
2026-0920.5x₹927 cr9.8%10.0%0.0x
2026-0830.6x₹928 cr7.4%10.0%0.0x
2026-0729.9x₹928 cr7.4%10.0%0.0x
2026-0632.5x₹928 cr7.4%10.0%0.0x
2026-0540.3x₹957 cr6.7%2.0%0.1x
2026-0444.2x₹957 cr6.7%2.0%0.1x
2026-0334.3x₹957 cr6.7%2.0%0.1x
2026-0253.6x₹924 cr4.7%2.0%0.1x
2026-0140.2x₹924 cr4.7%2.0%0.1x
2025-1238.4x₹924 cr4.7%2.0%0.1x
2025-11101.1x₹886 cr1.8%2.0%0.1x
2025-1081.7x₹886 cr1.8%2.0%0.1x
2025-0977.2x₹886 cr1.8%2.0%0.1x
2025-08169.2x₹814 cr0.8%2.0%0.1x
2025-07194.3x₹814 cr0.8%2.0%0.1x
2025-06195.0x₹814 cr0.8%2.0%0.1x
2025-05462.7x₹779 cr0.3%5.0%0.2x
2025-04415.9x₹779 cr0.3%5.0%0.2x
2025-03420.8x₹779 cr0.3%5.0%0.2x
2025-02129.4x₹696 cr1.0%5.0%0.2x
2025-01164.6x₹696 cr1.0%5.0%0.2x
2024-12179.9x₹696 cr1.0%5.0%0.2x
2024-1149.9x₹737 cr3.0%5.0%0.2x
2024-1050.8x₹737 cr3.0%5.0%0.2x
2024-0952.8x₹737 cr3.0%5.0%0.2x
2024-0855.6x₹805 cr3.0%5.0%0.2x
2024-0758.9x₹805 cr3.0%5.0%0.2x
2024-0647.6x₹805 cr3.0%5.0%0.2x
2024-0518.0x₹1070 cr7.3%11.0%0.2x
2024-0418.9x₹1070 cr7.3%11.0%0.2x
2024-0317.2x₹1070 cr7.3%11.0%0.2x
2024-0219.1x₹1070 cr7.3%11.0%0.2x
2024-0122.1x₹1070 cr7.3%11.0%0.2x
2023-1219.5x₹1070 cr7.3%11.0%0.2x
2023-1118.8x₹1070 cr7.3%11.0%0.2x
2023-1018.3x₹1070 cr7.3%11.0%0.2x
2023-0919.7x₹1070 cr7.3%11.0%0.2x
2023-0818.6x₹1070 cr7.3%11.0%0.2x
2023-0719.1x₹1070 cr7.3%11.0%0.2x
2023-0618.5x₹1070 cr7.3%11.0%0.2x
2023-0514.9x₹926 cr8.8%12.0%0.4x
2023-0414.8x₹926 cr8.8%12.0%0.4x
2023-0314.7x₹926 cr8.8%12.0%0.4x
2023-0216.2x₹926 cr8.8%12.0%0.4x
2023-0117.8x₹926 cr8.8%12.0%0.4x
2022-1218.7x₹926 cr8.8%12.0%0.4x
2022-1119.8x₹926 cr8.8%12.0%0.4x
2022-1021.9x₹926 cr8.8%12.0%0.4x
2022-0922.7x₹926 cr8.8%12.0%0.4x
2022-0825.6x₹926 cr8.8%12.0%0.4x
2022-0725.1x₹926 cr8.8%12.0%0.4x
2022-0619.7x₹926 cr8.8%12.0%0.4x
2022-0518.6x₹818 cr10.0%13.0%0.4x
2022-0422.1x₹818 cr10.0%13.0%0.4x
2022-0319.7x₹818 cr10.0%13.0%0.4x
2022-0219.2x₹818 cr10.0%13.0%0.4x
2022-0122.5x₹818 cr10.0%13.0%0.4x
2021-1221.1x₹818 cr10.0%13.0%0.4x

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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