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ASAHI INDIA GLASS LIMITED (ASAHIINDIA)

Consumer Durables · Home Furnishings · 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.46 / 100
Profitability 61Growth 35Balance sheet 41
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.83 / 100
Price 89Earnings 63FII/DII 96

Passes these screensNear 52-week high

Compare withTTK PRESTIGECELLO WORLDCERA SANITARYWARE

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,055.8 latest close · +20.8% over the last 90 sessions

₹900₹1,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹900₹1,000Jul 3Sep 4Nov 9

₹1,055.8 month-end · +3.4% over 12 months

₹800₹900₹1,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹800₹900₹1,000Nov '25May '26Nov '26

₹1,055.8 month-end · +85.6% over 3 years

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

₹1,055.8 month-end · +313.9% since Jan '19

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

52-week range ₹775.10 to ₹1074.00 · 1-year volatility 33.5%

Was the rally earned?

+3%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (+3%).
  • The share count rose 6%.
Net profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24 ptsNet profit growthP/E change: −15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−15 ptsP/E changeShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6 ptsShare count changeShare price: +3%+3%Share priceNet profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24ProfitP/E change: −15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−15P/EShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6SharesShare price: +3%+3%Share price
Net profit growth+24 ptsNet profit rose about 26%, which lifts the price.
P/E change-15 ptsThe P/E fell from 71.0x to 61.5x, which lowers the price.
Share count change-6 ptsShare count rose 6%, which lowers the price.
+86%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 37.9x to 61.5x); per-share earnings added 19 points.
  • The share count rose 6%.
Net profit growth: +26 pts. Points of the price return explained by net profit growing (or shrinking).+26 ptsNet profit growthP/E change: +67 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+67 ptsP/E changeShare count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8 ptsShare count changeShare price: +86%+86%Share priceNet profit growth: +26 pts. Points of the price return explained by net profit growing (or shrinking).+26ProfitP/E change: +67 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+67P/EShare count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8SharesShare price: +86%+86%Share price
Net profit growth+26 ptsNet profit rose about 21%, which lifts the price.
P/E change+67 ptsThe P/E rose from 37.9x to 61.5x, which lifts the price.
Share count change-8 ptsShare count rose 6%, which lowers the price.
+119%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 174 points, but investors now pay less per rupee of profit (P/E 88.1x to 61.5x), which took 55 points back.
  • The share count rose 6%.
Net profit growth: +183 pts. Points of the price return explained by net profit growing (or shrinking).+183 ptsNet profit growthP/E change: −55 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−55 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: +119%+119%Share priceNet profit growth: +183 pts. Points of the price return explained by net profit growing (or shrinking).+183ProfitP/E change: −55 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−55P/EShare count change: −9 pts. Points of the price return explained by the share count changing. More shares count against the price.−9SharesShare price: +119%+119%Share price
Net profit growth+183 ptsNet profit rose about 234%, which lifts the price.
P/E change-55 ptsThe P/E fell from 88.1x to 61.5x, which lowers the price.
Share count change-9 ptsShare count rose 6%, 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 TTK PRESTIGE

How rough has the ride been?

Maximum drawdown-51.3%recovered 2020-12
1-year volatility33.5%annualised
Beta vs sector index0.773-year daily, correlation 0.39
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−48.5% 0%−20%−40%2020202220242026−48.5%
Largest drawdowns

-51.3% (2019-03 peak to 2020-03 low, recovered 2020-12)

-35.9% (2022-09 peak to 2023-03 low, recovered 2024-06)

-35.0% (2022-02 peak to 2022-05 low, recovered 2022-08)

Most recent volume spikes

2026-11-05: 8.6x the 50-day median, price +3.8% that day

2026-11-03: 13.9x the 50-day median, price +5.4% that day

2026-08-18: 9.3x the 50-day median, price +3.4% 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?

61.5xP/E todayWithin its usual range
Against its own history76th percentile
CheapestMedian 43.8xDearest

Usual range 27.5x to 76.6x since 2019-01.

Against Consumer Durables61.5x vs 25.5x
This company
61.5x
Sector median
25.5x

141% above the Consumer Durables median.

13.1x42.6x72.2x101.7xJan '19Aug '20Mar '22Oct '23May '25Nov '2613.1x42.6x72.2x101.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

Where does it rank among Consumer Durables peers?

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

  • ROCE32nd▼ 6 pts vs a year ago
  • Op. margin91st▲ 13 pts vs a year ago
  • Revenue growth34th▼ 3 pts vs a year ago
  • EPS growth50th▼ 11 pts vs a year ago
  • Debt/equity ↓33rd▲ 18 pts vs a year ago
  • Cash cycle ↓39th▼ 23 pts vs a year ago
  • P/E ↓12th▼ 6 pts vs a year ago
  • 12M momentum66th▼ 25 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 Durables sector page Watch it move against Consumer Durables in the Observatory

What is the price implying?

~31%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 77.5x, a holder earning 12%/yr needs earnings to grow about 31.3%/yr for 10 years, then trade at 15x.

Delivered10.3%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+21.0 ptsimplied minus delivered
Rank131stmost demanding of 856

Over time

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

0%16%32% Jan 2019Nov 2026 0%16%32% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x33.0%34.2%35.4%
15x30.2%31.3%32.5%
20x26.6%27.7%28.9%

Drag a slider to test other assumptions

Implied: 31.3%/yr

Looking back

  • Jan 2020Price implied 24%/yr; EPS has since grown 8%/yr (7.0 yrs)
  • Jan 2021Price implied 23%/yr; EPS has since grown 14%/yr (6.0 yrs)
  • Jan 2022Price implied 32%/yr; EPS has since grown 20%/yr (5.0 yrs)

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

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

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

Key figures

Share Priceclose 9 Nov
₹1055.80
P/E
61.5x
ROCE
11.0%
Market Cap
₹26914 cr
Revenue (TTM)
₹5174 cr
P/S
5.2x
P/B
6.8x
ROE
11.1%
Operating Margin
23.0%
Debt / Equity
0.6x
Promoter Holding
51.6%
12M Momentum
3.4%

52-week range

₹775.10₹1074.00
94% of the way from its 52-week low to its high

Price risk

1Y volatility
33.5%
Beta vs sector
1-year daily
0.78

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.1x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.81x
Share count, 1Y
+4.2%

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance4%Within range

Other income as a share of pre-tax profit (trailing twelve months): 4.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.81xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.81x (cash from operations ₹1,875 cr, net profit ₹1,037 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+6 daysWithin range

Debtor days are above the median of the previous three fiscal years by 6 days (37 vs 31). 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+29 days / 2 yrsWithin range

Days payable changed by +29 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, DIIs added 3.4 pts; promoters trimmed 2.6 pts; FIIs added 1.2 pts.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters54.2%51.6%-2.6 pts
FIIs3.7%4.8%+1.2 pts
DIIs1.8%5.3%+3.4 pts
Public and others40.3%38.3%-1.9 pts

Number of shareholders

64,157shareholders+2% since Sep '23
60k62k64k67k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 62,825
Dec '23: 59,970
Mar '24: 63,465
Jun '24: 60,227
Sep '24: 62,836
Dec '24: 63,200
Mar '25: 65,564
Jun '25: 63,611
Sep '25: 64,209
Dec '25: 66,692
Mar '26: 64,539
Jun '26: 64,157
 60k62k64k67k Sep '23Sep '24Sep '25Jun '26
Sep '23: 62,825
Dec '23: 59,970
Mar '24: 63,465
Jun '24: 60,227
Sep '24: 62,836
Dec '24: 63,200
Mar '25: 65,564
Jun '25: 63,611
Sep '25: 64,209
Dec '25: 66,692
Mar '26: 64,539
Jun '26: 64,157

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

−4.4%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 ASAHI INDIA GLASS LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −25% to +18% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (−0.4%, 80% range −13.3% to +6.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ASIANTILES · Aug 2020: −60.3% vs market
ZYDUSLIFE · Apr 2021: −50.2% vs market
NEOGEN · Dec 2024: −49.7% vs market
SYMPHONY · Feb 2023: −49.3% vs market
RKFORGE · Sep 2024: −42.0% vs market
GUFICBIO · Jan 2025: −35.6% vs market
ASTERDM · Feb 2020: −35.2% vs market
INDHOTEL · Feb 2020: −33.2% vs market
ANURAS · Mar 2023: −32.3% vs market
SYNGENE · Apr 2023: −31.1% vs market
5PAISA · Dec 2023: −29.7% vs market
RAMCOCEM · Nov 2020: −25.2% vs market
CROMPTON · Aug 2024: −25.0% vs market
BHARATFORG · May 2024: −24.1% vs market
CCL · Feb 2023: −22.9% vs market
CRAFTSMAN · May 2023: −21.0% vs market
METROBRAND · Feb 2025: −19.9% vs market
RADICO · Jul 2023: −19.5% vs market
BALKRISIND · Sep 2023: −17.8% vs market
RAINBOW · Oct 2024: −17.3% vs market
SRF · Jun 2025: −15.7% vs market
MEDANTA · Nov 2023: −13.1% vs market
THERMAX · Jun 2022: −9.4% vs market
ALKEM · Dec 2023: −7.9% vs market
TATACHEM · May 2022: −6.3% vs market
VGUARD · May 2024: −2.6% vs market
AARTIIND · Jan 2020: −1.2% vs market
APOLLOHOSP · Jan 2024: −0.8% vs market
JKCEMENT · Jan 2024: +2.5% vs market
TORNTPOWER · Aug 2022: +3.1% vs market
BIOCON · Jul 2025: +3.2% vs market
TORNTPHARM · Oct 2022: +6.2% vs market
NH · Nov 2020: +9.4% vs market
METROPOLIS · Aug 2024: +10.9% vs market
UNOMINDA · Nov 2021: +11.1% vs market
KIMS · Nov 2024: +11.9% vs market
IPCALAB · Mar 2024: +17.1% vs market
BRIGADE · Nov 2023: +17.6% vs market
GLENMARK · May 2024: +19.5% vs market
DALBHARAT · Nov 2020: +20.5% vs market
LUPIN · Jun 2023: +22.6% vs market
NAVINFLUOR · Feb 2025: +40.9% vs market
BLUEDART · Mar 2020: +41.0% vs market
ELGIEQUIP · Feb 2021: +51.2% vs market
ORCHPHARMA · Jun 2023: +55.5% vs market
PRIVISCL · Nov 2024: +59.1% vs market
FORTIS · Aug 2024: +79.2% vs market
VBL · Feb 2022: +108.3% vs market
FLUOROCHEM · Apr 2021: +183.8% vs market
LAURUSLABS · Jan 2020: +237.1% vs market
Similar setups −4.4%All companies −4.0%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
−4.4%
All companies' median
−4.0%
Beat the market
44% vs 46%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ANURAS
Health Technology		 Mar 2023 57x11% +5%−1% −32%
NAVINFLUOR
Process Industries		 Feb 2025 72x11% +25%−12% +41%
VBL
Consumer Non-Durables		 Feb 2022 125x11% +36%−6% +108%
UNOMINDA
Producer Manufacturing		 Nov 2021 119x11% +135%−5% +11%
LAURUSLABS
Health Technology		 Jan 2020 49x8% +16%−2% +237%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RADICO
Consumer Non-Durables		 Jul 2023 88x12% +54%0% −20%
SRF
Process Industries		 Jun 2025 77x12% +33%0% −16%
DALBHARAT
Non-Energy Minerals		 Nov 2020 95x4% +25%0% +21%
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, drawdown from 12-month high 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 ASAHI INDIA GLASS 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.

PRESTIGE ESTATES PROJECTS LIMIPRESTIGE
Finance
70%similar
P/EEPS growth
ASTER DM QUALITY CAREASTERDM
Health Services
68%similar
revenuedebt/equity
BHARAT FORGEBHARATFORG
Producer Manufacturing
68%similar
revenue growthvolatility
SRFSRF
Process Industries
67%similar
promoter holdingoperating margin
ANUPAM RASAYAN INDIAANURAS
Health Technology
66%similar
debt/equityoperating margin
BALKRISHNA INDUSTRIESBALKRISIND
Consumer Durables
70%similar
ROCEoperating margin
TVS SRICHAKRATVSSRICHAK
Consumer Durables
42%similar
revenue growthEPS growth
KDDLKDDL
Consumer Durables
40%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 Jun '24

  1. NovPriceVolume reached 13.9x its 50-day median on 2026-11-03; price +5.4% that day.
  2. OctPeer rankMoved into the 2nd quartile of Consumer Durables on EPS growth (from the bottom quartile).
  3. SepResultsYear-on-year EPS growth turned positive.
  4. AugPriceVolume reached 18.4x its 50-day median on 2026-08-05; price +3.2% that day.
  5. JunDebtDebt / equity fell below 1.0x (0.56x).
  6. JunPriceVolume reached 13.0x its 50-day median on 2026-06-29; price -6.7% that day.
  7. MarResultsRevenue (TTM) reached a new high of ₹4,816 cr.
  8. MarPriceFell 26% from the Dec 2025 peak to the Mar 2026 low.
Show 22 earlier events
  1. MarPeer rankMoved into the top quartile of Consumer Durables on operating margin (from the 2nd quartile).
  2. MarPriceVolume reached 183.3x its 50-day median on 2026-03-18; price +2.9% that day.
  3. DecPromoterPromoter holding fell 2.5 pts to 51.6%.
  4. DecResultsYear-on-year EPS growth turned negative.
  5. DecInstitutionsFII + DII holding rose 4.5 pts over 1 quarter to 10.0%.
  6. DecPeer rankSlipped to the 2nd quartile of Consumer Durables on operating margin (from the top quartile).
  7. NovValuationP/E crossed above the 90th percentile of its own history to date (71.0x).
  8. NovPriceVolume reached 28.9x its 50-day median on 2025-11-24; price +7.0% that day.
  9. JulPriceRegained the 2024-09 peak, 4 months after the low.
  10. JulPriceVolume reached 71.0x its 50-day median on 2025-07-01; price +6.2% that day.
  11. JunResultsYear-on-year EPS growth turned positive.
  12. JunPeer rankSlipped to the 3rd quartile of Consumer Durables on ROCE (from the 2nd quartile).
  13. JunDebtDebt / equity rose above 1.0x (1.01x).
  14. JunPriceVolume reached 72.5x its 50-day median on 2025-06-19; price -4.3% that day.
  15. MarPriceFell 29% from the Sep 2024 peak to the Mar 2025 low.
  16. MarPeer rankMoved into the 3rd quartile of Consumer Durables on EPS growth (from the bottom quartile).
  17. JanPriceVolume reached 11.5x its 50-day median on 2025-01-03; price -3.0% that day.
  18. DecPriceVolume reached 12.6x its 50-day median on 2024-12-06; price +3.6% that day.
  19. SepPeer rankMoved into the top quartile of Consumer Durables on operating margin (from the 2nd quartile).
  20. SepPriceVolume reached 73.2x its 50-day median on 2024-09-20; price +9.8% that day.
  21. JunResultsYear-on-year EPS growth turned negative.
  22. JunPriceRegained the 2022-09 peak, 15 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1161.5x₹5174 cr11.1%11.0%0.6x
2026-1052.7x₹5174 cr11.2%11.0%0.6x
2026-0955.8x₹5174 cr11.2%11.0%0.6x
2026-0869.8x₹4990 cr8.8%11.0%0.6x
2026-0764.3x₹4990 cr8.8%11.0%0.6x
2026-0662.4x₹4990 cr8.8%11.0%0.6x
2026-0573.8x₹4816 cr11.4%12.0%1.0x
2026-0468.4x₹4816 cr11.4%12.0%1.0x
2026-0364.1x₹4816 cr11.4%12.0%1.0x
2026-0271.1x₹4684 cr11.6%12.0%1.0x
2026-0179.1x₹4684 cr11.6%12.0%1.0x
2025-1280.1x₹4684 cr11.6%12.0%1.0x
2025-1171.0x₹4691 cr13.0%12.0%1.0x
2025-1064.2x₹4691 cr13.0%12.0%1.0x
2025-0959.5x₹4691 cr13.0%12.0%1.0x
2025-0854.7x₹4595 cr13.8%12.0%1.0x
2025-0755.0x₹4595 cr13.8%12.0%1.0x
2025-0649.7x₹4595 cr13.8%12.0%1.0x
2025-0551.5x₹4520 cr14.9%15.0%0.8x
2025-0450.5x₹4520 cr14.9%15.0%0.8x
2025-0341.5x₹4520 cr14.9%15.0%0.8x
2025-0248.1x₹4440 cr13.1%15.0%0.8x
2025-0152.9x₹4440 cr13.1%15.0%0.8x
2024-1259.6x₹4440 cr13.1%15.0%0.8x
2024-1155.1x₹4402 cr12.7%15.0%0.8x
2024-1060.4x₹4402 cr12.7%15.0%0.8x
2024-0963.5x₹4402 cr12.7%15.0%0.8x
2024-0847.0x₹4358 cr13.8%15.0%0.8x
2024-0749.4x₹4358 cr13.8%15.0%0.8x
2024-0649.7x₹4358 cr13.8%15.0%0.8x
2024-0539.2x₹4019 cr17.5%21.0%0.7x
2024-0440.1x₹4019 cr17.5%21.0%0.7x
2024-0335.7x₹4019 cr17.5%21.0%0.7x
2024-0235.7x₹4019 cr17.5%21.0%0.7x
2024-0135.0x₹4019 cr17.5%21.0%0.7x
2023-1238.4x₹4019 cr17.5%21.0%0.7x
2023-1137.9x₹4019 cr17.5%21.0%0.7x
2023-1037.2x₹4019 cr17.5%21.0%0.7x
2023-0941.8x₹4019 cr17.5%21.0%0.7x
2023-0839.6x₹4019 cr17.5%21.0%0.7x
2023-0738.2x₹4019 cr17.5%21.0%0.7x
2023-0632.5x₹4019 cr17.5%21.0%0.7x
2023-0531.8x₹3170 cr19.5%21.0%0.7x
2023-0433.7x₹3170 cr19.5%21.0%0.7x
2023-0331.9x₹3170 cr19.5%21.0%0.7x
2023-0234.0x₹3170 cr19.5%21.0%0.7x
2023-0135.8x₹3170 cr19.5%21.0%0.7x
2022-1236.9x₹3170 cr19.5%21.0%0.7x
2022-1143.5x₹3170 cr19.5%21.0%0.7x
2022-1043.4x₹3170 cr19.5%21.0%0.7x
2022-0944.8x₹3170 cr19.5%21.0%0.7x
2022-0845.1x₹3170 cr19.5%21.0%0.7x
2022-0741.9x₹3170 cr19.5%21.0%0.7x
2022-0638.1x₹3170 cr19.5%21.0%0.7x
2022-0581.6x₹2421 cr9.1%11.0%1.1x
2022-0484.3x₹2421 cr9.1%11.0%1.1x
2022-0378.8x₹2421 cr9.1%11.0%1.1x
2022-0285.9x₹2421 cr9.1%11.0%1.1x
2022-01101.7x₹2421 cr9.1%11.0%1.1x
2021-1288.2x₹2421 cr9.1%11.0%1.1x

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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