अApnaFunda
Menu

ARIES AGRO LIMITED (ARIES)

Process Industries · Chemicals: Agricultural · 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 73Growth 87Balance sheet 82
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.61 / 100
Price 99Earnings 66FII/DII 20

Passes these screensQuality CompounderHigh MomentumDebt-light & profitableConsistent compoundersNear 52-week high

Compare withFERTILIZERS AND CHEMICALS TRAVUPLSUMITOMO CHEMICAL INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹508.5 latest close · +47.9% over the last 90 sessions

₹400₹500Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹400₹500Jul 3Sep 4Nov 9

₹508.5 month-end · +49.7% over 12 months

₹400₹500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹400₹500Nov '25May '26Nov '26

₹508.5 month-end · +150.1% over 3 years

₹200₹300₹400₹500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹300₹400₹500Nov '23May '25Nov '26

₹508.5 month-end · +451.8% since Jan '19

₹0₹200₹400Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹200₹400Jan '19Dec '22Nov '26

52-week range ₹285.35 to ₹524.75 · 1-year volatility 40.7%

Was the rally earned?

+50%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings added 32 points and the multiple added 18 points (P/E 12.0x to 13.8x).
  • The share count barely moved.
Net profit growth: +34 pts. Points of the price return explained by net profit growing (or shrinking).+34 ptsNet profit growthP/E change: +18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+18 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: +50%+50%Share priceNet profit growth: +34 pts. Points of the price return explained by net profit growing (or shrinking).+34ProfitP/E change: +18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+18P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +50%+50%Share price
Net profit growth+34 ptsNet profit rose about 32%, which lifts the price.
P/E change+18 ptsThe P/E rose from 12.0x to 13.8x, which lifts the price.
Share count change-2 ptsShare count was little changed. More shares would count against the price.
+150%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 168 points, but investors now pay less per rupee of profit (P/E 15.4x to 13.8x), which took 18 points back.
  • The share count rose 6%.
Net profit growth: +178 pts. Points of the price return explained by net profit growing (or shrinking).+178 ptsNet profit growthP/E change: −18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−18 ptsP/E changeShare count change: −10 pts. Points of the price return explained by the share count changing. More shares count against the price.−10 ptsShare count changeShare price: +150%+150%Share priceNet profit growth: +178 pts. Points of the price return explained by net profit growing (or shrinking).+178ProfitP/E change: −18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−18P/EShare count change: −10 pts. Points of the price return explained by the share count changing. More shares count against the price.−10SharesShare price: +150%+150%Share price
Net profit growth+178 ptsNet profit rose about 196%, which lifts the price.
P/E change-18 ptsThe P/E fell from 15.4x to 13.8x, which lowers the price.
Share count change-10 ptsShare count rose 6%, which lowers the price.
+287%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 207 points to the rise, while the multiple moved less (P/E 9.5x to 13.8x).
  • The share count rose 11%.
Net profit growth: +230 pts. Points of the price return explained by net profit growing (or shrinking).+230 ptsNet profit growthP/E change: +80 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+80 ptsP/E changeShare count change: −23 pts. Points of the price return explained by the share count changing. More shares count against the price.−23 ptsShare count changeShare price: +287%+287%Share priceNet profit growth: +230 pts. Points of the price return explained by net profit growing (or shrinking).+230ProfitP/E change: +80 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+80P/EShare count change: −23 pts. Points of the price return explained by the share count changing. More shares count against the price.−23SharesShare price: +287%+287%Share price
Net profit growth+230 ptsNet profit rose about 196%, which lifts the price.
P/E change+80 ptsThe P/E rose from 9.5x to 13.8x, which lifts the price.
Share count change-23 ptsShare count rose 11%, 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 FERTILIZERS AND CHEMICALS TRAV

How rough has the ride been?

Maximum drawdown-64.9%recovered 2020-12
1-year volatility40.7%annualised
Beta vs sector index1.383-year daily, correlation 0.46
Volume spikes10last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−62.8% 0%−20%−40%−60%2020202220242026−62.8%
Largest drawdowns

-64.9% (2019-01 peak to 2020-03 low, recovered 2020-12)

-41.3% (2021-07 peak to 2022-06 low, recovered 2022-12)

-41.0% (2024-12 peak to 2025-03 low, recovered 2025-07)

Most recent volume spikes

2026-09-07: 6.1x the 50-day median, price -2.8% that day

2026-09-02: 28x the 50-day median, price +8.0% that day

2026-09-01: 6.1x the 50-day median, price -3.3% 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?

13.8xP/E todayWithin its usual range
Against its own history75th percentile
CheapestMedian 11.8xDearest

Usual range 8.6x to 17.3x since 2019-01.

Against Process Industries13.8x vs 18.1x
This company
13.8x
Sector median
18.1x

23% below the Process Industries median.

5.3x14.4x23.6x32.7xJan '19Aug '20Mar '22Oct '23May '25Nov '265.3x14.4x23.6x32.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

  • ROCE84th▲ 8 pts vs a year ago
  • Op. margin63rd▼ 10 pts vs a year ago
  • Revenue growth75thflat vs a year ago
  • EPS growth67th▼ 17 pts vs a year ago
  • Debt/equity ↓70thflat vs a year ago
  • Cash cycle ↓44th▲ 19 pts vs a year ago
  • P/E ↓63rd▼ 16 pts vs a year ago
  • 12M momentum89th▲ 13 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?

~18%annual earnings growth implied by the price

At a P/E of 26.9x, the price would imply about 18.2%/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 Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹508.50
P/E
13.8x
ROCE
21.0%
Market Cap
₹656 cr
Revenue (TTM)
₹779 cr
P/S
0.8x
P/B
2.0x
ROE
14.2%
Operating Margin
14.0%
Debt / Equity
0.2x
Promoter Holding
52.7%
12M Momentum
49.7%

52-week range

₹285.35₹524.75
93% of the way from its 52-week low to its high

Price risk

1Y volatility
40.7%
Beta vs sector
1-year daily
0.94

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.87x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance0%Within range

Other income as a share of pre-tax profit (trailing twelve months): 0.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate23%Within range

Median quarterly effective tax rate over about 2.5 years: 23.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion2.87xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.87x (cash from operations ₹267 cr, net profit ₹93 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 history-34 daysWithin range

Debtor days are below the median of the previous three fiscal years by 34 days (46 vs 80). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress34% of fixed assetsNear threshold

Capital work-in-progress is 34% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+5 days / 2 yrsWithin range

Days payable changed by +5 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 0.8 pts.
  • The number of shareholders rose from 16,715 to 18,136 (+9%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters52.7%52.7%0.0 pts
FIIs2.4%3.1%+0.8 pts
DIIs0.0%0.0%0.0 pts
Public and others45.0%44.2%-0.8 pts

Number of shareholders

18,136shareholders+9% since Dec '23
17k18k20k22k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 16,715
Mar '24: 19,518
Jun '24: 20,518
Sep '24: 21,997
Dec '24: 21,188
Mar '25: 20,503
Jun '25: 19,422
Sep '25: 19,627
Dec '25: 19,151
Mar '26: 18,347
Jun '26: 18,136
 17k18k20k22k Dec '23Dec '24Dec '25Jun '26
Dec '23: 16,715
Mar '24: 19,518
Jun '24: 20,518
Sep '24: 21,997
Dec '24: 21,188
Mar '25: 20,503
Jun '25: 19,422
Sep '25: 19,627
Dec '25: 19,151
Mar '26: 18,347
Jun '26: 18,136

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

+15.4%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like ARIES AGRO 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 −2% to +47% vs the market, against −1% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +16.5%, 80% range +5.4% to +21.0%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
CLSEL · Dec 2024: −41.6% vs market
PIONEEREMB · Jul 2021: −40.4% vs market
CAPACITE · Nov 2024: −38.4% vs market
INSECTICID · May 2022: −22.0% vs market
NRAIL · Oct 2022: −20.2% vs market
WELENT · Dec 2024: −19.8% vs market
PSPPROJECT · Dec 2022: −13.8% vs market
ANDHRSUGAR · Jan 2022: −13.3% vs market
GNA · Jan 2023: −9.0% vs market
HGS · Mar 2021: −4.0% vs market
BBTC · Jun 2024: −2.9% vs market
PRICOLLTD · Oct 2023: −2.4% vs market
DLINKINDIA · Oct 2022: −1.9% vs market
20MICRONS · Nov 2023: −1.6% vs market
WSTCSTPAPR · Jul 2022: 0% vs market
GULFOILLUB · Jun 2024: +1.6% vs market
LGBBROSLTD · Dec 2021: +1.8% vs market
VISHNU · Jul 2025: +2.2% vs market
TIIL · Aug 2021: +3.2% vs market
APOLSINHOT · Sep 2022: +4.8% vs market
MONTECARLO · Jun 2022: +4.9% vs market
TIRUMALCHM · Aug 2021: +5.0% vs market
GOODLUCK · Aug 2024: +11.0% vs market
AGARIND · Jan 2022: +13.5% vs market
PDMJEPAPER · May 2021: +14.4% vs market
ZEEMEDIA · Sep 2021: +16.5% vs market
FIEMIND · Sep 2024: +18.1% vs market
CIGNITITEC · Jan 2023: +20.0% vs market
LTFOODS · Aug 2024: +20.4% vs market
AHLUCONT · Jan 2023: +21.3% vs market
PIGL · Jul 2024: +23.1% vs market
TIMETECHNO · Aug 2024: +23.7% vs market
LUMAXTECH · Jul 2022: +26.5% vs market
NCC · Aug 2023: +27.7% vs market
PGIL · Nov 2024: +34.3% vs market
WINDLAS · May 2024: +37.3% vs market
JASH · Jan 2021: +39.2% vs market
TALBROAUTO · Jul 2023: +49.7% vs market
DPWIRES · Aug 2022: +58.9% vs market
BANCOINDIA · Apr 2023: +63.5% vs market
SURYAROSNI · Jan 2023: +74.9% vs market
KRISHANA · Aug 2021: +85.2% vs market
POWERMECH · Sep 2022: +100.6% vs market
DALMIASUG · Mar 2021: +108.5% vs market
IRCON · Apr 2023: +128.2% vs market
AURIONPRO · Sep 2022: +138.5% vs market
COSMOFIRST · Jan 2021: +147.4% vs market
INDOTECH · Jun 2023: +160.8% vs market
APARINDS · Jul 2022: +193.4% vs market
KOPRAN · Jul 2020: +219.1% vs market
Similar setups +15.4%All companies −1.1%← 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 · 8 beyond the range shown, drawn at the edge

Similar setups' median
+15.4%
All companies' median
−1.1%
Beat the market
70% vs 49%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
WSTCSTPAPR
Producer Manufacturing		 Jul 2022 9x20% +62%0% 0%
CLSEL
Process Industries		 Dec 2024 20x20% +73%0% −42%
NRAIL
Process Industries		 Oct 2022 12x17% +42%0% −20%
APARINDS
Electronic Technology		 Jul 2022 17x27% +73%0% +193%
GNA
Producer Manufacturing		 Jan 2023 19x17% +43%0% −9%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
CAPACITE
Industrial Services		 Nov 2024 23x16% +72%0% −38%
GULFOILLUB
Energy Minerals		 Jun 2024 19x26% +163%0% +2%
FIEMIND
Producer Manufacturing		 Sep 2024 26x27% +95%0% +18%
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: revenue growth, 12-month momentum and P/E. 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 ARIES AGRO 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.

ASSOCIATED ALCOHOLS & BREWERIEASALCBR
Consumer Non-Durables
67%similar
P/Erevenue
SATHLOKHAR SYNERGY EnC GLOSSEGL
Industrial Services
67%similar
revenueoperating margin
RADHIKA JEWELTECHRADHIKAJWE
Retail Trade
64%similar
EPS growthmarket cap
TALBROS AUTOMOTIVE COMPONENTSTALBROAUTO
Producer Manufacturing
64%similar
volatilityrevenue
GPT INFRAPROJECTSGPTINFRA
Industrial Services
59%similar
ROCEEPS growth
20 MICRONS20MICRONS
Process Industries
64%similar
market capoperating margin
DMCC SPECIALITY CHEMICALSDMCC
Process Industries
58%similar
operating marginmarket cap
INDO AMINESINDOAMIN
Process Industries
58%similar
operating marginROCE

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

What changed?

30 events since Nov '23

  1. SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the bottom quartile).
  2. AugPriceRegained the 2025-09 peak, 7 months after the low.
  3. AugPriceVolume reached 67.7x its 50-day median on 2026-08-26; price +12.7% that day.
  4. JunPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the top quartile).
  5. FebPriceVolume reached 7.0x its 50-day median on 2026-02-12; price +4.5% that day.
  6. JanPriceFell 34% from the Sep 2025 peak to the Jan 2026 low.
  7. DecPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
  8. OctPriceVolume reached 6.1x its 50-day median on 2025-10-23; price +6.9% that day.
Show 22 earlier events
  1. SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the bottom quartile).
  2. AugPriceVolume reached 37.2x its 50-day median on 2025-08-22; price +12.9% that day.
  3. JulPriceRegained the 2024-12 peak, 4 months after the low.
  4. JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 2nd quartile).
  5. AprPriceVolume reached 33.0x its 50-day median on 2025-04-30; price +3.7% that day.
  6. MarPriceFell 41% from the Dec 2024 peak to the Mar 2025 low.
  7. MarPeer rankSlipped to the 2nd quartile of Process Industries on operating margin (from the top quartile).
  8. MarPriceVolume reached 9.1x its 50-day median on 2025-03-24; price +5.1% that day.
  9. DecPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
  10. NovPriceRegained the 2024-08 peak, 1 month after the low.
  11. NovValuationP/E crossed above the 90th percentile of its own history to date (21.0x).
  12. NovPriceVolume reached 39.5x its 50-day median on 2024-11-19; price +13.0% that day.
  13. OctPriceFell 28% from the Aug 2024 peak to the Oct 2024 low.
  14. SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the bottom quartile).
  15. AugPriceRegained the 2024-03 peak, 2 months after the low.
  16. AugPriceVolume reached 12.0x its 50-day median on 2024-08-21; price +15.5% that day.
  17. JunResultsRevenue (TTM) reached a new high of ₹519 cr.
  18. JunPriceFell 36% from the Mar 2024 peak to the Jun 2024 low.
  19. JunPriceVolume reached 12.2x its 50-day median on 2024-06-20; price +3.0% that day.
  20. MarPriceVolume reached 22.9x its 50-day median on 2024-03-04; price +5.0% that day.
  21. JanPriceRegained the 2023-01 peak, 10 months after the low.
  22. NovValuationP/E crossed above the 90th percentile of its own history to date (15.4x).

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
2026-1113.8x₹779 cr14.2%21.0%0.2x
2026-1011.7x₹779 cr14.2%21.0%0.2x
2026-0913.1x₹779 cr14.1%21.0%0.2x
2026-0814.4x₹752 cr12.6%21.0%0.2x
2026-0710.2x₹752 cr12.6%21.0%0.2x
2026-0610.2x₹752 cr12.6%21.0%0.2x
2026-0510.0x₹695 cr14.8%18.0%0.2x
2026-0411.1x₹695 cr14.8%18.0%0.2x
2026-039.7x₹695 cr14.8%18.0%0.2x
2026-0211.3x₹663 cr12.8%18.0%0.2x
2026-0111.4x₹663 cr12.8%18.0%0.2x
2025-1211.2x₹663 cr12.8%18.0%0.2x
2025-1112.0x₹653 cr12.4%18.0%0.2x
2025-1013.7x₹653 cr12.4%18.0%0.2x
2025-0913.1x₹653 cr12.4%18.0%0.2x
2025-0815.4x₹627 cr11.4%18.0%0.2x
2025-0714.9x₹627 cr11.4%18.0%0.2x
2025-0613.2x₹627 cr11.4%18.0%0.2x
2025-0512.1x₹606 cr11.9%15.0%0.3x
2025-0411.8x₹606 cr11.9%15.0%0.3x
2025-0310.3x₹606 cr11.9%15.0%0.3x
2025-0210.7x₹583 cr10.8%15.0%0.3x
2025-0112.3x₹583 cr10.8%15.0%0.3x
2024-1213.3x₹583 cr10.8%15.0%0.3x
2024-1121.0x₹547 cr8.1%15.0%0.3x
2024-1015.7x₹547 cr8.1%15.0%0.3x
2024-0915.7x₹547 cr8.1%15.0%0.3x
2024-0819.8x₹519 cr7.3%15.0%0.3x
2024-0720.1x₹519 cr7.3%15.0%0.3x
2024-0617.4x₹519 cr7.3%15.0%0.3x
2024-0517.1x₹472 cr6.6%14.0%0.4x
2024-0420.8x₹472 cr6.6%14.0%0.4x
2024-0318.4x₹472 cr6.6%14.0%0.4x
2024-0222.6x₹472 cr6.6%14.0%0.4x
2024-0122.0x₹472 cr6.6%14.0%0.4x
2023-1215.5x₹472 cr6.6%14.0%0.4x
2023-1115.4x₹472 cr6.6%14.0%0.4x
2023-1013.2x₹472 cr6.6%14.0%0.4x
2023-0913.6x₹472 cr6.6%14.0%0.4x
2023-0814.1x₹472 cr6.6%14.0%0.4x
2023-0713.1x₹472 cr6.6%14.0%0.4x
2023-0612.5x₹472 cr6.6%14.0%0.4x
2023-0515.4x₹432 cr5.4%13.0%0.5x
2023-0417.3x₹432 cr5.4%13.0%0.5x
2023-0314.5x₹432 cr5.4%13.0%0.5x
2023-0215.5x₹432 cr5.4%13.0%0.5x
2023-0118.9x₹432 cr5.4%13.0%0.5x
2022-1220.2x₹432 cr5.4%13.0%0.5x
2022-1113.5x₹432 cr5.4%13.0%0.5x
2022-1012.8x₹432 cr5.4%13.0%0.5x
2022-0913.0x₹432 cr5.4%13.0%0.5x
2022-0813.5x₹432 cr5.4%13.0%0.5x
2022-0712.0x₹432 cr5.4%13.0%0.5x
2022-0611.7x₹432 cr5.4%13.0%0.5x
2022-059.3x₹381 cr7.6%14.0%0.7x
2022-0411.3x₹381 cr7.6%14.0%0.7x
2022-039.9x₹381 cr7.6%14.0%0.7x
2022-029.2x₹381 cr7.6%14.0%0.7x
2022-0111.1x₹381 cr7.6%14.0%0.7x
2021-1210.5x₹381 cr7.6%14.0%0.7x
2021-119.5x₹381 cr7.6%14.0%0.7x
2021-109.8x₹381 cr7.6%14.0%0.7x
2021-0910.7x₹381 cr7.6%14.0%0.7x
2021-0811.2x₹381 cr7.6%14.0%0.7x
2021-0712.3x₹381 cr7.6%14.0%0.7x
2021-069.6x₹381 cr7.6%14.0%0.7x
2021-0515.2x₹296 cr4.1%12.0%0.8x
2021-0412.0x₹296 cr4.1%12.0%0.8x
2021-0310.3x₹296 cr4.1%12.0%0.8x
2021-0212.0x₹296 cr4.1%12.0%0.8x
2021-0112.8x₹296 cr4.1%12.0%0.8x
2020-1213.8x₹296 cr4.1%12.0%0.8x
2020-1111.5x₹296 cr4.1%12.0%0.8x
2020-1010.5x₹296 cr4.1%12.0%0.8x
2020-0910.3x₹296 cr4.1%12.0%0.8x
2020-0810.2x₹296 cr4.1%12.0%0.8x
2020-078.0x₹296 cr4.1%12.0%0.8x
2020-068.9x₹296 cr4.1%12.0%0.8x
2020-059.0x₹265 cr4.2%12.0%0.9x
2020-047.6x₹265 cr4.2%12.0%0.9x
2020-035.3x₹265 cr4.2%12.0%0.9x
2020-027.2x₹265 cr4.2%12.0%0.9x
2020-019.4x₹265 cr4.2%12.0%0.9x
2019-128.6x₹265 cr4.2%12.0%0.9x
2019-118.6x₹265 cr4.2%12.0%0.9x
2019-108.3x₹265 cr4.2%12.0%0.9x
2019-098.3x₹265 cr4.2%12.0%0.9x
2019-086.8x₹265 cr4.2%12.0%0.9x
2019-076.0x₹265 cr4.2%12.0%0.9x
2019-068.1x₹265 cr4.2%12.0%0.9x
2019-059.4x₹291 cr4.9%12.0%0.9x
2019-049.6x₹291 cr4.9%12.0%0.9x
2019-0310.8x₹291 cr4.9%12.0%0.9x
2019-029.1x₹291 cr4.9%12.0%0.9x
2019-0111.4x₹291 cr4.9%12.0%0.9x

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.

Feedback