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ASSOCIATED ALCOHOLS & BREWERIE (ASALCBR)

Consumer Non-Durables · Beverages: Alcoholic · figures to Nov '26

Growth #18
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.84 / 100
Profitability 54Growth 98Balance 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.37 / 100
Price 10Earnings 20FII/DII 83

Passes these screensValue PickDebt-light & profitableConsistent compounders

Compare withUNITED SPIRITSRADICO KHAITANUNITED BREWERIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹568.65 latest close · −35.1% over the last 90 sessions

₹600₹800Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹600₹800Jul 3Sep 4Nov 9

₹568.65 month-end · −41.6% over 12 months

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

₹568.65 month-end · +25.0% over 3 years

₹500₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹500₹1,000Nov '23May '25Nov '26

₹568.65 month-end · +161.0% since Feb '20

₹500₹1,000₹1,500Feb '20Jun '21Oct '22Mar '24Jul '25Nov '26 ₹500₹1,000₹1,500Feb '20Jul '23Nov '26

52-week range ₹524.00 to ₹1227.90 · 1-year volatility 37.7%

Was the rally earned?

-42%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 20.1x to 13.4x); per-share earnings took off 10 points.
  • The share count rose 11%.
Net profit growth: −2 pts. Points of the price return explained by net profit growing (or shrinking).−2 ptsNet profit growthP/E change: −31 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−31 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: −42%−42%Share priceNet profit growth: −2 pts. Points of the price return explained by net profit growing (or shrinking).−2ProfitP/E change: −31 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−31P/EShare count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8SharesShare price: −42%−42%Share price
Net profit growth-2 ptsNet profit fell about 2%, which lowers the price.
P/E change-31 ptsThe P/E fell from 20.1x to 13.4x, which lowers the price.
Share count change-8 ptsShare count rose 11%, which lowers the price.
+25%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 221 points, but investors now pay less per rupee of profit (P/E 76.8x to 13.4x), which took 195 points back.
  • The share count rose 19%.
Net profit growth: +240 pts. Points of the price return explained by net profit growing (or shrinking).+240 ptsNet profit growthP/E change: −195 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−195 ptsP/E changeShare count change: −19 pts. Points of the price return explained by the share count changing. More shares count against the price.−19 ptsShare count changeShare price: +25%+25%Share priceNet profit growth: +240 pts. Points of the price return explained by net profit growing (or shrinking).+240ProfitP/E change: −195 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−195P/EShare count change: −19 pts. Points of the price return explained by the share count changing. More shares count against the price.−19SharesShare price: +25%+25%Share price
Net profit growth+240 ptsNet profit rose about 750%, which lifts the price.
P/E change-195 ptsThe P/E fell from 76.8x to 13.4x, which lowers the price.
Share count change-19 ptsShare count rose 19%, which lowers the price.
+13%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 209 points, but investors now pay less per rupee of profit (P/E 85.1x to 13.4x), which took 196 points back.
  • The share count rose 19%.
Net profit growth: +228 pts. Points of the price return explained by net profit growing (or shrinking).+228 ptsNet profit growthP/E change: −196 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−196 ptsP/E changeShare count change: −18 pts. Points of the price return explained by the share count changing. More shares count against the price.−18 ptsShare count changeShare price: +13%+13%Share priceNet profit growth: +228 pts. Points of the price return explained by net profit growing (or shrinking).+228ProfitP/E change: −196 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−196P/EShare count change: −18 pts. Points of the price return explained by the share count changing. More shares count against the price.−18SharesShare price: +13%+13%Share price
Net profit growth+228 ptsNet profit rose about 750%, which lifts the price.
P/E change-196 ptsThe P/E fell from 85.1x to 13.4x, which lowers the price.
Share count change-18 ptsShare count rose 19%, 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 UNITED SPIRITS

How rough has the ride been?

Maximum drawdown-63.1%not yet recovered
1-year volatility37.7%annualised
Beta vs sector index1.043-year daily, correlation 0.30
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%202120222023202420252026−63.1% 0%−20%−40%−60%202120232025−63.1%
Largest drawdowns

-63.1% (2025-02 peak to 2026-10 low, not yet recovered)

-52.6% (2020-02 peak to 2020-03 low, recovered 2020-06)

-49.8% (2021-10 peak to 2023-03 low, recovered 2024-06)

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?

13.4xP/E todayNear its historic low
Against its own history2nd percentile
CheapestMedian 72.9xDearest

Usual range 17.9x to 155.3x since 2020-02.

Against Consumer Non-Durables13.4x vs 26.8x
This company
13.4x
Sector median
26.8x

50% below the Consumer Non-Durables median.

12.7x86.9x161.0x235.2xFeb '20Jul '21Dec '22May '24Oct '25Nov '2612.7x86.9x161.0x235.2xFeb '20May '22Aug '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

  • ROCE67th
  • Op. margin42nd▼ 20 pts vs a year ago
  • Revenue growth12th▼ 88 pts vs a year ago
  • EPS growth23rd▼ 75 pts vs a year ago
  • Debt/equity ↓76th▲ 18 pts vs a year ago
  • Cash cycle ↓57thflat vs a year ago
  • P/E ↓81st▲ 5 pts vs a year ago
  • 12M momentum8th▼ 64 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?

~20%annual earnings growth implied by the price

At a P/E of 29.3x, the price would imply about 19.5%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“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
₹568.65
P/E
13.4x
ROCE
18.0%
Market Cap
₹1140 cr
Revenue (TTM)
₹1033 cr
P/S
1.1x
P/B
1.6x
ROE
12.2%
Operating Margin
11.0%
Debt / Equity
0.1x
Promoter Holding
62.4%
12M Momentum
-41.6%

52-week range

₹524.00₹1227.90
6% of the way from its 52-week low to its high

Price risk

1Y volatility
37.7%
Beta vs sector
1-year daily
1.01

Balance sheet & cash

Interest cover
operating profit ÷ interest
16.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.48x
Share count, 1Y
+11.1%

Are profits backed by cash?

6 of 7checks within range1 beyond a threshold
Other income reliance6%Within range

Other income as a share of pre-tax profit (trailing twelve months): 6.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate28%Within range

Median quarterly effective tax rate over about 2.5 years: 28.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.96xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.96x (cash from operations ₹173 cr, net profit ₹181 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+5 daysWithin range

Debtor days are above the median of the previous three fiscal years by 5 days (15 vs 10). 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-23 days / 2 yrsWithin range

Days payable changed by -23 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, promoters added 3.1 pts; DIIs added 1.2 pts.
  • The number of shareholders rose from 38,227 to 40,991 (+7%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters59.3%62.4%+3.1 pts
FIIs0.6%0.7%+0.1 pts
DIIs0.1%1.3%+1.2 pts
Public and others40.0%35.7%-4.3 pts

Number of shareholders

40,991shareholders+7% since Dec '23
33k37k40k44k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 38,227
Mar '24: 35,943
Jun '24: 34,194
Sep '24: 33,455
Dec '24: 32,914
Mar '25: 36,020
Jun '25: 38,316
Sep '25: 39,288
Dec '25: 44,160
Mar '26: 42,643
Jun '26: 40,991
 33k37k40k44k Dec '23Dec '24Dec '25Jun '26
Dec '23: 38,227
Mar '24: 35,943
Jun '24: 34,194
Sep '24: 33,455
Dec '24: 32,914
Mar '25: 36,020
Jun '25: 38,316
Sep '25: 39,288
Dec '25: 44,160
Mar '26: 42,643
Jun '26: 40,991

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−11.3%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 ASSOCIATED ALCOHOLS & BREWERIE 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 +23% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (−8.7%, 80% range −14.5% to +8.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
VALIANTORG · Jan 2024: −45.8% vs market
APTECHT · Nov 2024: −43.1% vs market
HPAL · Mar 2025: −42.4% vs market
ALANKIT · May 2025: −41.0% vs market
RUPA · May 2023: −35.4% vs market
PRINCEPIPE · Oct 2024: −34.0% vs market
TVTODAY · Oct 2023: −33.8% vs market
FAIRCHEMOR · Nov 2024: −25.7% vs market
UNIPARTS · Jun 2024: −25.3% vs market
IRMENERGY · Feb 2025: −22.9% vs market
GAEL · Oct 2024: −22.7% vs market
UFO · Jun 2020: −22.7% vs market
BALMLAWRIE · May 2021: −22.1% vs market
PLASTIBLEN · Mar 2022: −19.8% vs market
GREENPANEL · Jun 2024: −19.4% vs market
IOLCP · Apr 2024: −19.0% vs market
GTPL · Aug 2022: −18.6% vs market
GNA · Jun 2024: −18.5% vs market
PRAJIND · Aug 2025: −18.4% vs market
INSECTICID · May 2023: −17.1% vs market
CAPACITE · Sep 2020: −16.0% vs market
DBCORP · Jul 2021: −15.0% vs market
JAGRAN · May 2020: −15.0% vs market
MSTCLTD · Mar 2022: −13.0% vs market
LINC · Apr 2025: −11.6% vs market
BIRLANU · Oct 2022: −11.0% vs market
AVTNPL · Jul 2024: −9.8% vs market
HARSHA · Jan 2024: −5.0% vs market
BLISSGVS · Apr 2022: −3.7% vs market
SANDHAR · Apr 2021: +8.6% vs market
APEX · Mar 2021: +8.7% vs market
LUXIND · Jan 2024: +16.3% vs market
VAIBHAVGBL · Jan 2023: +17.4% vs market
KIRLOSENG · Sep 2020: +17.9% vs market
PPAP · Jan 2020: +19.6% vs market
HSCL · May 2021: +22.0% vs market
JUBLINGREA · Oct 2023: +22.5% vs market
KRBL · Sep 2024: +23.1% vs market
KOPRAN · Sep 2022: +23.5% vs market
HERITGFOOD · Jun 2022: +30.4% vs market
WINDLAS · Sep 2022: +31.2% vs market
GUJALKALI · Dec 2020: +36.0% vs market
KELLTONTEC · Feb 2023: +49.1% vs market
AKUMS · Aug 2025: +58.8% vs market
ZENSARTECH · Jan 2023: +79.3% vs market
CYIENT · Jun 2020: +90.7% vs market
KIRLOSBROS · May 2022: +97.8% vs market
AMBIKCO · Apr 2021: +101.5% vs market
MARKSANS · Sep 2022: +103.5% vs market
PANAMAPET · Feb 2020: +121.0% vs market
Similar setups −11.3%All companies −2.6%← 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
−11.3%
All companies' median
−2.6%
Beat the market
42% vs 47%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
FAIRCHEMOR
Process Industries		 Nov 2024 23x19% −28%−44% −26%
MARKSANS
Health Technology		 Sep 2022 10x23% −33%−39% +104%
INSECTICID
Process Industries		 May 2023 12x16% −15%−41% −17%
GTPL
Communications		 Aug 2022 9x27% −26%−44% −19%
GAEL
Consumer Non-Durables		 Oct 2024 17x16% −18%−35% −23%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DBCORP
Consumer Services		 Jul 2021 11x10% +27%−21% −15%
AVTNPL
Consumer Non-Durables		 Jul 2024 25x16% +4%−20% −10%
JUBLINGREA
Process Industries		 Oct 2023 22x16% −18%−28% +23%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, P/S and 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 ASSOCIATED ALCOHOLS & BREWERIE. 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.

ARIES AGROARIES
Process Industries
67%similar
P/Erevenue
KRYSTAL INTEGRATED SERVICEKRYSTAL
Commercial Services
62%similar
P/Erevenue
DHARMAJ CROP GUARDDHARMAJ
Process Industries
60%similar
P/Erevenue
NDR AUTO COMPONENTSNDRAUTO
Producer Manufacturing
60%similar
operating marginrevenue
STUDDS ACCESSORIESSTUDDS
Consumer Durables
60%similar
promoter holdingoperating margin
GANESH CONSUMER PRODUCTS LIMITGANESHCP
Consumer Non-Durables
64%similar
operating marginROCE
LINCLINC
Consumer Non-Durables
52%similar
debt/equitypromoter holding
DOLLAR INDUSTRIESDOLLAR
Consumer Non-Durables
48%similar
P/Eoperating margin

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

What changed?

30 events since Jun '23

  1. OctPriceFell 63% from the Feb 2025 peak to the Oct 2026 low.
  2. SepResultsYear-on-year EPS growth turned negative.
  3. SepPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
  4. JunPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the top quartile).
  5. JunSharesShare count is up 11.1% over 12 months.
  6. MayPriceVolume reached 5.8x its 50-day median on 2026-05-25; price +10.7% that day.
  7. MarPeer rankMoved into the 2nd quartile of Consumer Non-Durables on operating margin (from the 3rd quartile).
  8. FebPriceVolume reached 7.9x its 50-day median on 2026-02-02; price +5.3% that day.
Show 22 earlier events
  1. JanDebtDebt / equity halved over 12 months to 0.20x.
  2. DecPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
  3. OctPriceVolume reached 116.6x its 50-day median on 2025-10-30; price +17.5% that day.
  4. JulPriceVolume reached 5.1x its 50-day median on 2025-07-04; price +5.3% that day.
  5. JunResultsRevenue (TTM) reached a new high of ₹1,076 cr.
  6. JunValuationP/E fell below the 10th percentile of its own history to date (25.3x).
  7. JunPeer rankMoved into the top quartile of Consumer Non-Durables on EPS growth (from the 3rd quartile).
  8. JunDebtDebt / equity halved over 12 months to 0.20x.
  9. JunPriceVolume reached 7.2x its 50-day median on 2025-06-27; price +4.3% that day.
  10. JanPriceVolume reached 9.7x its 50-day median on 2025-01-27; price +2.0% that day.
  11. OctPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  12. JulPriceVolume reached 9.0x its 50-day median on 2024-07-24; price +12.5% that day.
  13. JunPriceRegained the 2021-10 peak, 15 months after the low.
  14. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on EPS growth (from the 3rd quartile).
  15. MayPriceVolume reached 27.3x its 50-day median on 2024-05-15; price +8.9% that day.
  16. AprPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  17. FebValuationP/E crossed above the 90th percentile of its own history to date (90.7x).
  18. FebPriceVolume reached 21.9x its 50-day median on 2024-02-26; price +12.1% that day.
  19. OctPriceVolume reached 12.2x its 50-day median on 2023-10-12; price +9.2% that day.
  20. SepPeer rankMoved into the 2nd quartile of Consumer Non-Durables on operating margin (from the 3rd quartile).
  21. AugPriceVolume reached 20.2x its 50-day median on 2023-08-11; price -2.2% that day.
  22. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on EPS growth (from the 3rd quartile).

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 history82 months · 2020-02 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1113.4x₹1033 cr12.2%18.0%0.1x
2026-1012.7x₹1033 cr11.9%18.0%0.1x
2026-0914.5x₹1033 cr11.9%18.0%0.1x
2026-0815.1x₹1019 cr12.8%18.0%0.1x
2026-0716.4x₹1019 cr12.8%18.0%0.1x
2026-0618.8x₹1019 cr12.8%18.0%0.1x
2026-0517.8x₹1023 cr16.7%—0.2x
2026-0418.8x₹1023 cr16.7%—0.2x
2026-0314.1x₹1023 cr16.7%—0.2x
2026-0217.1x₹1090 cr16.5%—0.2x
2026-0117.8x₹1090 cr16.5%—0.2x
2025-1220.2x₹1090 cr16.5%—0.2x
2025-1120.1x₹1091 cr16.7%—0.2x
2025-1025.2x₹1091 cr16.7%—0.2x
2025-0919.2x₹1091 cr16.7%—0.2x
2025-0823.2x₹1076 cr15.6%—0.2x
2025-0722.9x₹1076 cr15.6%—0.2x
2025-0625.3x₹1076 cr15.6%—0.2x
2025-05184.4x₹292 cr14.7%17.0%0.7x
2025-04185.4x₹292 cr14.7%17.0%0.7x
2025-03235.2x₹292 cr14.7%17.0%0.7x
2025-02183.3x₹292 cr14.7%17.0%0.7x
2025-01218.3x₹292 cr14.7%17.0%0.7x
2024-12186.4x₹292 cr14.7%17.0%0.7x
2024-11161.6x₹292 cr14.7%17.0%0.7x
2024-10155.7x₹292 cr14.7%17.0%0.7x
2024-09160.0x₹292 cr14.7%17.0%0.7x
2024-08151.5x₹292 cr14.7%17.0%0.7x
2024-07140.6x₹292 cr14.7%17.0%0.7x
2024-06112.5x₹292 cr14.7%17.0%0.7x
2024-0592.5x₹292 cr14.7%17.0%0.7x
2024-0493.8x₹292 cr14.7%17.0%0.7x
2024-0379.7x₹292 cr14.7%17.0%0.7x
2024-0290.7x₹292 cr14.7%17.0%0.7x
2024-0182.4x₹292 cr14.7%17.0%0.7x
2023-1281.8x₹292 cr14.7%17.0%0.7x
2023-1176.8x₹292 cr14.7%17.0%0.7x
2023-1076.8x₹292 cr14.7%17.0%0.7x
2023-0979.2x₹292 cr14.7%17.0%0.7x
2023-0872.9x₹292 cr14.7%17.0%0.7x
2023-0778.3x₹292 cr14.7%17.0%0.7x
2023-0667.1x₹292 cr14.7%17.0%0.7x
2023-0565.9x₹292 cr14.7%17.0%0.7x
2023-0463.0x₹292 cr14.7%17.0%0.7x
2023-0354.5x₹292 cr14.7%17.0%0.7x
2023-0260.1x₹292 cr14.7%17.0%0.7x
2023-0168.0x₹292 cr14.7%17.0%0.7x
2022-1272.0x₹292 cr14.7%17.0%0.7x
2022-1174.2x₹292 cr14.7%17.0%0.7x
2022-1078.5x₹292 cr14.7%17.0%0.7x
2022-0987.9x₹292 cr14.7%17.0%0.7x
2022-0876.2x₹292 cr14.7%17.0%0.7x
2022-0773.8x₹292 cr14.7%17.0%0.7x
2022-0675.9x₹292 cr14.7%17.0%0.7x
2022-0573.4x₹292 cr14.7%17.0%0.7x
2022-0486.0x₹292 cr14.7%17.0%0.7x
2022-0379.9x₹292 cr14.7%17.0%0.7x
2022-0275.5x₹292 cr14.7%17.0%0.7x
2022-0183.4x₹292 cr14.7%17.0%0.7x
2021-1285.8x₹292 cr14.7%17.0%0.7x
2021-1185.1x₹292 cr14.7%17.0%0.7x
2021-1091.2x₹292 cr14.7%17.0%0.7x
2021-0975.1x₹292 cr14.7%17.0%0.7x
2021-0874.0x₹292 cr14.7%17.0%0.7x
2021-0780.4x₹292 cr14.7%17.0%0.7x
2021-0681.7x₹292 cr14.7%17.0%0.7x
2021-0572.8x₹292 cr14.7%17.0%0.7x
2021-0469.6x₹292 cr14.7%17.0%0.7x
2021-0371.1x₹292 cr14.7%17.0%0.7x
2021-0259.1x₹292 cr14.7%17.0%0.7x
2021-0152.2x₹292 cr14.7%17.0%0.7x
2020-1254.3x₹292 cr14.7%17.0%0.7x
2020-1147.7x₹292 cr14.7%17.0%0.7x
2020-1040.9x₹292 cr14.7%17.0%0.7x
2020-0943.4x₹292 cr14.7%17.0%0.7x
2020-0843.1x₹292 cr14.7%17.0%0.7x
2020-0737.9x₹292 cr14.7%17.0%0.7x
2020-0643.0x₹292 cr14.7%17.0%0.7x
2020-0537.0x₹292 cr14.7%17.0%0.7x
2020-0428.6x₹292 cr14.7%17.0%0.7x
2020-0326.7x₹292 cr14.7%17.0%0.7x
2020-0236.8x₹292 cr14.7%17.0%0.7x

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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