अApnaFunda

ARVEE LABORATORIES INDIA LTD (ARVEE)

Process Industries · Chemicals: Specialty · 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.58 / 100
Profitability 50Growth 23Balance sheet 100

Passes these screensHigh Momentum

Share price

Closing priceAdjusted for splits and bonus issues.

₹227.59 latest close · +38.0% over the last 90 sessions

₹150₹200₹250Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹150₹200₹250Jul 3Sep 4Nov 9

₹227.59 month-end · +41.8% over 12 months

₹150₹200Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹150₹200Nov '25May '26Nov '26

₹227.59 month-end · +63.1% over 3 years

₹150₹200Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹150₹200Nov '23May '25Nov '26

₹227.59 month-end · +622.5% since Mar '19

₹0₹100₹200Mar '19Sep '21Jan '23Apr '24Aug '25Nov '26 ₹0₹100₹200Mar '19Sep '23Nov '26

52-week range ₹129.11 to ₹290.78 · 1-year volatility 72.9%

Was the rally earned?

+42%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 130 points, but investors now pay less per rupee of profit (P/E 129.5x to 62.0x), which took 88 points back.
  • The share count barely moved.
Net profit growth: +130 pts. Points of the price return explained by net profit growing (or shrinking).+130 ptsNet profit growthP/E change: −88 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−88 ptsP/E changeShare price: +42%+42%Share priceNet profit growth: +130 pts. Points of the price return explained by net profit growing (or shrinking).+130ProfitP/E change: −88 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−88P/EShare price: +42%+42%Share price
Net profit growth+130 ptsNet profit rose about 196%, which lifts the price.
P/E change-88 ptsThe P/E fell from 129.5x to 62.0x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+63%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 37.3x to 62.0x); per-share earnings took off 2 points.
  • The share count barely moved.
Net profit growth: −2 pts. Points of the price return explained by net profit growing (or shrinking).−2 ptsNet profit growthP/E change: +66 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+66 ptsP/E changeShare price: +63%+63%Share priceNet profit growth: −2 pts. Points of the price return explained by net profit growing (or shrinking).−2ProfitP/E change: +66 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+66P/EShare price: +63%+63%Share price
Net profit growth-2 ptsNet profit fell about 2%, which lowers the price.
P/E change+66 ptsThe P/E rose from 37.3x to 62.0x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+198%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 75 points and the multiple added 123 points (P/E 31.5x to 62.0x).
  • The share count barely moved.
Net profit growth: +75 pts. Points of the price return explained by net profit growing (or shrinking).+75 ptsNet profit growthP/E change: +123 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+123 ptsP/E changeShare price: +198%+198%Share priceNet profit growth: +75 pts. Points of the price return explained by net profit growing (or shrinking).+75ProfitP/E change: +123 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+123P/EShare price: +198%+198%Share price
Net profit growth+75 ptsNet profit rose about 51%, which lifts the price.
P/E change+123 ptsThe P/E rose from 31.5x to 62.0x, 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 LINDE INDIA

How rough has the ride been?

Maximum drawdown-68.7%recovered 2024-04
1-year volatility72.9%annualised

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−68.7% 0%−20%−40%−60%2020202220242026−68.7%
Largest drawdowns

-68.7% (2021-05 peak to 2022-06 low, recovered 2024-04)

-58.5% (2024-04 peak to 2025-02 low, not yet recovered)

-40.3% (2019-03 peak to 2020-06 low, recovered 2020-08)

Is it expensive against its own past and its peers?

62.0xP/E todayWithin its usual range
Against its own history64th percentile
CheapestMedian 46.5xDearest

Usual range 24.5x to 130.2x since 2019-03.

Against Process Industries62.0x vs 18.1x
This company
62.0x
Sector median
18.1x

243% above the Process Industries median.

6.8x202.0x397.3x592.6xMar '19Oct '20May '22Dec '23Jul '25Nov '266.8x202.0x397.3x592.6xMar '19Oct '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

  • ROCE34th▼ 8 pts vs a year ago
  • Op. margin66th▲ 43 pts vs a year ago
  • Revenue growth70th▲ 24 pts vs a year ago
  • EPS growth94th▲ 58 pts vs a year ago
  • Debt/equity ↓85thflat vs a year ago
  • Cash cycle ↓23rd▼ 28 pts vs a year ago
  • P/E ↓11th▲ 8 pts vs a year ago
  • 12M momentum87th▲ 9 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?

~36%annual earnings growth implied by the price

At a P/E of 101.1x, the price would imply about 35.5%/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 Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹227.59
P/E
62.0x
ROCE
7.5%
Market Cap
₹251 cr
Revenue (TTM)
₹41 cr
P/S
6.1x
P/B
7.4x
ROE
12.0%
Operating Margin
14.4%
Debt / Equity
0.0x
Promoter Holding
73.5%
12M Momentum
41.8%

52-week range

₹129.11₹290.78
61% of the way from its 52-week low to its high

Price risk

1Y volatility
72.9%
Beta vs sector
1-year daily
0.84

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
0.58x
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 7checks within range1 beyond a threshold
Other income reliance15%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 15.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.58xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.58x (cash from operations ₹3.3 cr, net profit ₹5.7 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+48 daysBeyond threshold

Debtor days are above the median of the previous three fiscal years by 48 days (121 vs 74). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress5% of fixed assetsWithin range

Capital work-in-progress is 5% 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 →

What happened next to similar setups

−23.0%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like ARVEE LABORATORIES INDIA 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 −36% to +8% vs the market, against −3% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −19.9%, 80% range −28.1% to −13.7%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ROSSELLIND · Oct 2023: −86.6% vs market
SHIVALIK · Mar 2025: −64.0% vs market
CHEMFAB · Dec 2024: −61.9% vs market
FROG · Feb 2025: −60.4% vs market
DEN · Jul 2020: −56.8% vs market
MEDICAMEQ · Mar 2025: −52.2% vs market
NIITLTD · Apr 2025: −49.4% vs market
SOMICONVEY · Mar 2025: −48.7% vs market
DIGISPICE · Jul 2024: −47.2% vs market
PRECAM · Sep 2023: −41.8% vs market
PILITA · Jun 2025: −39.1% vs market
TOUCHWOOD · Jun 2023: −38.4% vs market
ORIENTBELL · Jul 2022: −36.5% vs market
SHYAMCENT · May 2022: −36.0% vs market
BPL · Apr 2024: −35.1% vs market
MOTISONS · Jul 2025: −34.8% vs market
GUJAPOLLO · Oct 2020: −34.8% vs market
GENUSPAPER · Apr 2022: −32.3% vs market
IFGLEXPOR · May 2021: −31.9% vs market
ADSL · Jan 2022: −31.3% vs market
SURANAT&P · Apr 2022: −30.4% vs market
STERTOOLS · May 2023: −28.8% vs market
RAILTEL · Aug 2024: −27.5% vs market
QUICKHEAL · Jun 2024: −26.8% vs market
KABRAEXTRU · Nov 2022: −25.3% vs market
SYNCOMF · Oct 2024: −20.7% vs market
TAINWALCHM · Mar 2020: −19.9% vs market
MBAPL · Mar 2020: −16.6% vs market
DPSCLTD · Jul 2020: −14.3% vs market
LOTUSEYE · Dec 2022: −14.2% vs market
GROBTEA · Aug 2020: −12.5% vs market
RVHL · Jan 2024: −10.2% vs market
MDL · May 2024: −8.7% vs market
SAMBHAAV · May 2025: −6.9% vs market
ONMOBILE · May 2021: +0.3% vs market
SNOWMAN · Apr 2020: +3.8% vs market
SIKKO · Oct 2025: +6.3% vs market
GENESYS · Apr 2024: +8.0% vs market
KRISHIVAL · Feb 2025: +16.4% vs market
APTECHT · Feb 2021: +17.1% vs market
COMPUSOFT · Nov 2021: +18.8% vs market
KRISHNADEF · Mar 2025: +22.0% vs market
ANTELOPUS · Feb 2023: +22.7% vs market
DENORA · Dec 2021: +34.7% vs market
INDBANK · May 2021: +39.0% vs market
MAANALU · Jan 2021: +57.6% vs market
MOREPENLAB · Jun 2020: +66.7% vs market
ALPA · Apr 2020: +67.3% vs market
BHANDARI · Jan 2021: +138.7% vs market
BORORENEW · Nov 2020: +231.6% vs market
Similar setups −23.0%All companies −3.1%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
−23.0%
All companies' median
−3.1%
Beat the market
32% vs 47%

50 past situations · 50 companies · 38 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
LOTUSEYE
Health Services
Dec 2022 54x8% +48%−18% −14%
MAANALU
Non-Energy Minerals
Jan 2021 94x— +57%−16% +58%
COMPUSOFT
Technology Services
Nov 2021 67x2% +138%−17% +19%
SHYAMCENT
Non-Energy Minerals
May 2022 38x— +211%−31% −36%
MDL
Consumer Durables
May 2024 92x7% +181%−12% −9%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KABRAEXTRU
Producer Manufacturing
Nov 2022 52x13% +70%−12% −25%
ONMOBILE
Communications
May 2021 46x5% +328%−7% 0%
INDBANK
Finance
May 2021 34x8% +217%−8% +39%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: ROCE, drawdown from 12-month high and 12-month momentum. Not used (unavailable for this company): interest cover. 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 ARVEE LABORATORIES INDIA 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 changed?

30 events since Aug '20

  1. SepPeer rankMoved into the top quartile of Process Industries on EPS growth (from the 2nd quartile).
  2. JunResultsYear-on-year EPS growth turned positive.
  3. JunPeer rankSlipped to the 2nd quartile of Process Industries on operating margin (from the top quartile).
  4. MarPeer rankMoved into the top quartile of Process Industries on operating margin (from the bottom quartile).
  5. DecPeer rankSlipped to the bottom quartile of Process Industries on EPS growth (from the 3rd quartile).
  6. SepResultsYear-on-year EPS growth turned negative.
  7. SepValuationP/E crossed above the 90th percentile of its own history to date (124.9x).
  8. SepPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the top quartile).
Show 22 earlier events
  1. JunResultsYear-on-year EPS growth turned positive.
  2. JunPeer rankMoved into the top quartile of Process Industries on EPS growth (from the 3rd quartile).
  3. MayValuationP/E crossed above the 90th percentile of its own history to date (92.5x).
  4. MarPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 2nd quartile).
  5. FebPriceFell 58% from the Apr 2024 peak to the Feb 2025 low.
  6. DecPeer rankMoved into the 3rd quartile of Process Industries on EPS growth (from the bottom quartile).
  7. JunResultsYear-on-year EPS growth turned negative.
  8. JunPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the top quartile).
  9. AprPriceRegained the 2021-05 peak, 22 months after the low.
  10. AprValuationP/E crossed above the 90th percentile of its own history to date (60.0x).
  11. JunResultsYear-on-year EPS growth turned positive.
  12. JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 3rd quartile).
  13. AprValuationP/E crossed above the 90th percentile of its own history to date (50.0x).
  14. JanDebtDebt / equity halved over 12 months to 0.13x.
  15. DecValuationP/E crossed above the 90th percentile of its own history to date (55.6x).
  16. JunResultsYear-on-year EPS growth turned negative.
  17. JunPriceFell 69% from the May 2021 peak to the Jun 2022 low.
  18. JunPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
  19. JunDebtDebt / equity halved over 12 months to 0.13x.
  20. AugPeer rankSlipped to the 2nd quartile of Process Industries on EPS growth (from the top quartile).
  21. SepDebtDebt / equity halved over 12 months to 0.21x.
  22. AugPriceRegained the 2019-03 peak, 2 months after the 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 history93 months · 2019-03 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1162.0x₹41 cr12.0%7.5%0.0x
2026-1056.3x₹41 cr12.0%7.5%0.0x
2026-0961.4x₹41 cr12.0%7.5%0.0x
2026-0873.6x₹32 cr7.5%7.5%0.0x
2026-0768.4x₹32 cr7.5%7.5%0.0x
2026-0672.3x₹32 cr7.5%7.5%0.0x
2026-0587.9x₹27 cr6.6%9.6%0.0x
2026-0489.4x₹27 cr6.6%9.6%0.0x
2026-0371.2x₹27 cr6.6%9.6%0.0x
2026-02430.6x₹26 cr1.3%9.6%0.0x
2026-01435.8x₹26 cr1.3%9.6%0.0x
2025-12592.6x₹26 cr1.3%9.6%0.0x
2025-11129.5x₹35 cr4.4%9.6%0.0x
2025-10131.9x₹35 cr4.4%9.6%0.0x
2025-09124.9x₹35 cr4.4%9.6%0.0x
2025-0882.9x₹38 cr6.8%9.6%0.0x
2025-0789.2x₹38 cr6.8%9.6%0.0x
2025-0691.4x₹38 cr6.8%9.6%0.0x
2025-0592.5x₹38 cr7.5%6.8%0.0x
2025-0473.4x₹38 cr7.5%6.8%0.0x
2025-0371.4x₹38 cr7.5%6.8%0.0x
2025-0268.3x₹37 cr7.8%6.8%0.0x
2025-0172.4x₹37 cr7.8%6.8%0.0x
2024-1283.9x₹37 cr7.8%6.8%0.0x
2024-11117.5x₹33 cr5.2%6.8%0.0x
2024-10129.3x₹33 cr5.2%6.8%0.0x
2024-09134.3x₹33 cr5.2%6.8%0.0x
2024-08190.0x₹30 cr3.6%6.8%0.0x
2024-07194.1x₹30 cr3.6%6.8%0.0x
2024-06200.2x₹30 cr3.6%6.8%0.0x
2024-0551.6x₹61 cr14.7%23.3%0.0x
2024-0460.0x₹61 cr14.7%23.3%0.0x
2024-0338.3x₹61 cr14.7%23.3%0.0x
2024-0237.2x₹61 cr14.7%23.3%0.0x
2024-0143.3x₹61 cr14.7%23.3%0.0x
2023-1246.2x₹61 cr14.7%23.3%0.0x
2023-1137.3x₹61 cr14.7%23.3%0.0x
2023-1029.7x₹61 cr14.7%23.3%0.0x
2023-0930.4x₹61 cr14.7%23.3%0.0x
2023-0829.7x₹61 cr14.7%23.3%0.0x
2023-0732.1x₹61 cr14.7%23.3%0.0x
2023-0632.0x₹61 cr14.7%23.3%0.0x
2023-0547.2x₹40 cr10.7%12.9%0.1x
2023-0450.0x₹40 cr10.7%12.9%0.1x
2023-0337.8x₹40 cr10.7%12.9%0.1x
2023-0242.2x₹40 cr10.7%12.9%0.1x
2023-0146.8x₹40 cr10.7%12.9%0.1x
2022-1255.6x₹40 cr10.7%12.9%0.1x
2022-1144.5x₹40 cr10.7%12.9%0.1x
2022-1039.2x₹40 cr10.7%12.9%0.1x
2022-0937.9x₹40 cr10.7%12.9%0.1x
2022-0838.2x₹40 cr10.7%12.9%0.1x
2022-0736.0x₹40 cr10.7%12.9%0.1x
2022-0632.5x₹40 cr10.7%12.9%0.1x
2022-0536.7x₹47 cr12.5%14.9%0.4x
2022-0443.2x₹47 cr12.5%14.9%0.4x
2022-0346.8x₹47 cr12.5%14.9%0.4x
2022-0232.2x₹47 cr12.5%14.9%0.4x
2022-0135.6x₹47 cr12.5%14.9%0.4x
2021-1235.9x₹47 cr12.5%14.9%0.4x
2021-1131.5x₹47 cr12.5%14.9%0.4x
2021-1030.0x₹47 cr12.5%14.9%0.4x
2021-0936.2x₹47 cr12.5%14.9%0.4x
2021-0838.7x₹47 cr12.5%14.9%0.4x
2021-0744.7x₹47 cr12.5%14.9%0.4x
2021-0645.1x₹47 cr12.5%14.9%0.4x
2021-0553.3x₹45 cr6.1%14.9%0.2x
2021-0466.7x₹45 cr6.1%14.9%0.2x
2021-0326.5x₹45 cr6.1%14.9%0.2x
2021-02—————
2021-01—————
2020-12—————
2020-11—————
2020-1019.9x₹45 cr6.1%14.9%0.2x
2020-0917.0x₹45 cr6.1%14.9%0.2x
2020-0816.7x₹45 cr6.1%14.9%0.2x
2020-07—————
2020-069.5x₹45 cr6.1%14.9%0.2x
2020-05—————
2020-04—————
2020-0311.5x₹55 cr6.9%13.7%0.8x
2020-02—————
2020-01—————
2019-12—————
2019-11—————
2019-10—————
2019-0913.0x₹55 cr6.9%13.7%0.8x
2019-08—————
2019-0713.4x₹55 cr6.9%13.7%0.8x
2019-0614.4x₹55 cr6.9%13.7%0.8x
2019-05—————
2019-04—————
2019-0331.8x₹48 cr3.8%17.6%1.1x

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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