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ASHAPURA MINECHEM LTD (ASHAPURMIN)

Non-Energy Minerals · Other Metals/Minerals · 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.62 / 100
Profitability 70Growth 93Balance sheet 24
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.49 / 100
Price 1Earnings 52FII/DII 93

Passes these screensQuality CompounderValue PickConsistent compounders

Compare withHINDUSTAN ZINCHINDALCO INDUSTRIESNMDC

Share price

Closing priceAdjusted for splits and bonus issues.

₹408.85 latest close · −36.7% over the last 90 sessions

₹400₹500₹600₹700Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹400₹500₹600₹700Jul 3Sep 4Nov 9

₹408.85 month-end · −40.4% over 12 months

₹400₹600₹800Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹400₹600₹800Nov '25May '26Nov '26

₹408.85 month-end · +12.5% over 3 years

₹200₹400₹600₹800Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹400₹600₹800Nov '23May '25Nov '26

₹408.85 month-end · +1451.6% since Jan '19

₹0₹250₹500₹750Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹250₹500₹750Jan '19Dec '22Nov '26

52-week range ₹404.10 to ₹924.90 · 1-year volatility 53.1%

Was the rally earned?

-40%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 13 points, but investors now pay less per rupee of profit (P/E 18.9x to 9.6x), which took 53 points back.
  • The share count barely moved.
Net profit growth: +13 pts. Points of the price return explained by net profit growing (or shrinking).+13 ptsNet profit growthP/E change: −53 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−53 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −40%−40%Share priceNet profit growth: +13 pts. Points of the price return explained by net profit growing (or shrinking).+13ProfitP/E change: −53 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−53P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −40%−40%Share price
Net profit growth+13 ptsNet profit rose about 18%, which lifts the price.
P/E change-53 ptsThe P/E fell from 18.9x to 9.6x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+13%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 128 points, but investors now pay less per rupee of profit (P/E 28.4x to 9.6x), which took 115 points back.
  • The share count rose 11%.
Net profit growth: +139 pts. Points of the price return explained by net profit growing (or shrinking).+139 ptsNet profit growthP/E change: −115 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−115 ptsP/E changeShare count change: −11 pts. Points of the price return explained by the share count changing. More shares count against the price.−11 ptsShare count changeShare price: +13%+13%Share priceNet profit growth: +139 pts. Points of the price return explained by net profit growing (or shrinking).+139ProfitP/E change: −115 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−115P/EShare count change: −11 pts. Points of the price return explained by the share count changing. More shares count against the price.−11SharesShare price: +13%+13%Share price
Net profit growth+139 ptsNet profit rose about 269%, which lifts the price.
P/E change-115 ptsThe P/E fell from 28.4x to 9.6x, which lowers the price.
Share count change-11 ptsShare count rose 11%, which lowers the price.
+350%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 336 points to the rise, while the multiple moved less (P/E 9.0x to 9.6x).
  • The share count rose 10%.
Net profit growth: +359 pts. Points of the price return explained by net profit growing (or shrinking).+359 ptsNet profit growthP/E change: +14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+14 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: +350%+350%Share priceNet profit growth: +359 pts. Points of the price return explained by net profit growing (or shrinking).+359ProfitP/E change: +14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+14P/EShare count change: −23 pts. Points of the price return explained by the share count changing. More shares count against the price.−23SharesShare price: +350%+350%Share price
Net profit growth+359 ptsNet profit rose about 367%, which lifts the price.
P/E change+14 ptsThe P/E rose from 9.0x to 9.6x, which lifts the price.
Share count change-23 ptsShare count rose 10%, 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 HINDUSTAN ZINC

How rough has the ride been?

Maximum drawdown-56.4%recovered 2023-07
1-year volatility53.1%annualised
Beta vs sector index1.123-year daily, correlation 0.42
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−56.4% 0%−20%−40%−60%2020202220242026−56.4%
Largest drawdowns

-56.4% (2022-04 peak to 2022-12 low, recovered 2023-07)

-54.7% (2026-01 peak to 2026-10 low, not yet recovered)

-52.9% (2023-12 peak to 2024-10 low, recovered 2024-12)

Most recent volume spikes

2026-08-10: 5.9x the 50-day median, price -12.7% 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?

9.6xP/E todayWithin its usual range
Against its own history22nd percentile
CheapestMedian 12.3xDearest

Usual range 3.0x to 23.1x since 2019-01.

Against Non-Energy Minerals9.6x vs 21.8x
This company
9.6x
Sector median
21.8x

56% below the Non-Energy Minerals median.

1.4x11.9x22.4x32.9xJan '19Aug '20Mar '22Oct '23May '25Nov '261.4x11.9x22.4x32.9xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

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P/B (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

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P/S (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals 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 Non-Energy Minerals is valued

Where does it rank among Non-Energy Minerals peers?

Each cell is the company's percentile rank among its Non-Energy Minerals 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

  • ROCE87th▲ 8 pts vs a year ago
  • Op. margin53rd▼ 5 pts vs a year ago
  • Revenue growth95th▲ 3 pts vs a year ago
  • EPS growth61st▼ 22 pts vs a year ago
  • Debt/equity ↓20thflat vs a year ago
  • Cash cycle ↓94th▲ 49 pts vs a year ago
  • P/E ↓87th▲ 15 pts vs a year ago
  • 12M momentum10th▼ 89 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 Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory

What is the price implying?

~13%annual earnings growth implied by the price

At a P/E of 16.7x, the price would imply about 13.0%/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 Non-Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹408.85
P/E
9.6x
ROCE
21.0%
Market Cap
₹3903 cr
Revenue (TTM)
₹5497 cr
P/S
0.7x
P/B
2.4x
ROE
24.7%
Operating Margin
11.0%
Debt / Equity
0.9x
Promoter Holding
48.0%
12M Momentum
-40.4%

52-week range

₹404.10₹924.90
1% of the way from its 52-week low to its high

Price risk

1Y volatility
53.1%
Beta vs sector
1-year daily
1.14

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.81x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range1 beyond a threshold
Other income reliance32%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 32.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate10%Near threshold

Median quarterly effective tax rate over about 2.5 years: 10.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.81xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.81x (cash from operations ₹800 cr, net profit ₹987 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-3 daysWithin range

Debtor days are below the median of the previous three fiscal years by 3 days (70 vs 73). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress3% of fixed assetsWithin range

Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-154 days / 2 yrsWithin range

Days payable changed by -154 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, promoters added 2.7 pts; FIIs added 1.2 pts.
  • The number of shareholders rose from 27,466 to 47,193 (+72%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters45.3%48.0%+2.7 pts
FIIs18.0%19.2%+1.2 pts
DIIs0.2%0.4%+0.2 pts
Public and others36.4%32.3%-4.1 pts

Number of shareholders

47,193shareholders+72% since Sep '23
27k34k41k47k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 27,466
Dec '23: 31,091
Mar '24: 30,415
Jun '24: 29,928
Sep '24: 33,974
Dec '24: 30,705
Mar '25: 32,289
Jun '25: 33,267
Sep '25: 36,096
Dec '25: 39,757
Mar '26: 43,255
Jun '26: 47,193
 27k34k41k47k Sep '23Sep '24Sep '25Jun '26
Sep '23: 27,466
Dec '23: 31,091
Mar '24: 30,415
Jun '24: 29,928
Sep '24: 33,974
Dec '24: 30,705
Mar '25: 32,289
Jun '25: 33,267
Sep '25: 36,096
Dec '25: 39,757
Mar '26: 43,255
Jun '26: 47,193

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

This quarter's smart-money board

What happened next to similar setups

−5.8%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 ASHAPURA MINECHEM 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 −18% to +32% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (−4.1%, 80% range −10.1% to +13.5%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
VALIANTORG · Apr 2023: −43.7% vs market
WTICAB · Sep 2025: −40.3% vs market
FOODSIN · Feb 2024: −37.0% vs market
UGARSUGAR · Nov 2023: −34.5% vs market
RUSHIL · Jul 2025: −33.6% vs market
ALLCARGO · May 2023: −29.8% vs market
KUANTUM · May 2024: −28.6% vs market
UTTAMSUGAR · Sep 2024: −28.2% vs market
TEXRAIL · Jul 2025: −28.2% vs market
BCLIND · Sep 2024: −24.3% vs market
SATIA · Jun 2023: −23.8% vs market
WSI · Feb 2025: −21.2% vs market
DEEPAKFERT · Jun 2023: −17.9% vs market
VISHNUINFR · Aug 2025: −16.8% vs market
HARIOMPIPE · Apr 2025: −15.5% vs market
RAYMOND · Nov 2023: −15.1% vs market
KPIL · Dec 2020: −13.5% vs market
ASTRON · Mar 2020: −12.5% vs market
ICIL · Apr 2022: −12.0% vs market
KHAICHEM · Jan 2023: −11.8% vs market
UNIVCABLES · Jan 2021: −10.0% vs market
NCC · Jan 2020: −9.6% vs market
PARAGMILK · Mar 2020: −8.1% vs market
DHAMPURSUG · May 2022: −8.0% vs market
RAMKY · Nov 2024: −7.6% vs market
RAIN · Apr 2022: −4.0% vs market
POKARNA · May 2023: +1.7% vs market
INDOAMIN · Sep 2025: +1.8% vs market
LTFOODS · Jul 2021: +11.3% vs market
POWERMECH · May 2020: +12.9% vs market
KRYSTAL · Mar 2025: +20.3% vs market
STLTECH · Jan 2020: +21.1% vs market
EPIGRAL · Aug 2023: +25.6% vs market
ALICON · Apr 2020: +26.9% vs market
SOBHA · Jun 2020: +27.0% vs market
WELSPUNLIV · May 2022: +29.2% vs market
NAVA · Apr 2020: +29.7% vs market
SDBL · Aug 2024: +32.6% vs market
VADILALIND · Dec 2023: +34.2% vs market
CEMPRO · Mar 2020: +45.6% vs market
SANGAMIND · Feb 2023: +50.6% vs market
MMFL · May 2020: +72.7% vs market
ASAL · May 2023: +90.5% vs market
FILATEX · Mar 2020: +108.7% vs market
TRIVENI · Dec 2020: +129.8% vs market
SALASAR · Feb 2020: +139.5% vs market
SHAKTIPUMP · Mar 2020: +143.7% vs market
RKFORGE · May 2020: +144.2% vs market
ROSSELLIND · Nov 2021: +154.2% vs market
BIRLANU · Apr 2020: +184.7% vs market
Similar setups −5.8%All companies −1.7%← 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 · 7 beyond the range shown, drawn at the edge

Similar setups' median
−5.8%
All companies' median
−1.7%
Beat the market
48% vs 48%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SANGAMIND
Process Industries		 Feb 2023 7x20% −29%−44% +51%
RKFORGE
Producer Manufacturing		 May 2020 4x16% −70%−70% +144%
NCC
Consumer Durables		 Jan 2020 6x21% −31%−53% −10%
ALLCARGO
Transportation		 May 2023 6x22% −17%−44% −30%
HARIOMPIPE
Non-Energy Minerals		 Apr 2025 18x— −38%−58% −16%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
STLTECH
Electronic Technology		 Jan 2020 4x30% −49%−57% +21%
FILATEX
Process Industries		 Mar 2020 5x17% −66%−68% +109%
FOODSIN
Consumer Non-Durables		 Feb 2024 15x17% +12%−34% −37%
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, interest cover and P/S. 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 ASHAPURA MINECHEM LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

RAYMOND REALTYRAYMONDREL
Finance
74%similar
market capoperating margin
SHAKTI PUMPS (INDIA)SHAKTIPUMP
Producer Manufacturing
63%similar
revenue growthmarket cap
SENCO GOLDSENCO
Consumer Durables
61%similar
ROCEP/E
ORIANA POWERORIANA
Industrial Services
60%similar
P/Evolatility
STERLING WILSON REN ENERGYSWSOLAR
Industrial Services
60%similar
revenue growthmarket cap
PENNAR INDUSTRIESPENIND
Non-Energy Minerals
48%similar
operating margindebt/equity
GOODLUCK INDIAGOODLUCK
Non-Energy Minerals
47%similar
operating margindebt/equity
PONDY OXIDES N CHEMICALS LIMITPOCL
Non-Energy Minerals
45%similar
ROCErevenue growth

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 55% from the Jan 2026 peak to the Oct 2026 low.
  2. SepPeer rankMoved into the 2nd quartile of Non-Energy Minerals on operating margin (from the 3rd quartile).
  3. AugPriceVolume reached 5.9x its 50-day median on 2026-08-10; price -12.7% that day.
  4. JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
  5. MayPriceVolume reached 14.3x its 50-day median on 2026-05-29; price +13.1% that day.
  6. MarPeer rankSlipped to the 2nd quartile of Non-Energy Minerals on EPS growth (from the top quartile).
  7. NovPriceVolume reached 9.9x its 50-day median on 2025-11-14; price +8.1% that day.
  8. SepResultsYear-on-year EPS growth turned positive.
Show 22 earlier events
  1. SepPeer rankMoved into the top quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).
  2. JulPriceRegained the 2025-01 peak, 4 months after the low.
  3. JulPriceVolume reached 8.9x its 50-day median on 2025-07-15; price +9.1% that day.
  4. JunResultsYear-on-year EPS growth turned negative.
  5. JunPeer rankMoved into the top quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
  6. JunDebtDebt / equity fell below 1.0x (0.94x).
  7. JunDividendStarted paying a dividend (payout 3% of profit).
  8. JunSharesShare count is up 5.6% over 12 months.
  9. JunPriceVolume reached 6.9x its 50-day median on 2025-06-06; price +4.1% that day.
  10. MarPriceFell 43% from the Jan 2025 peak to the Mar 2025 low.
  11. JanPriceVolume reached 5.4x its 50-day median on 2025-01-20; price +4.6% that day.
  12. DecPromoterPromoter holding rose 2.3 pts to 47.7%.
  13. DecPriceRegained the 2023-12 peak, 2 months after the low.
  14. OctPriceFell 53% from the Dec 2023 peak to the Oct 2024 low.
  15. OctPriceVolume reached 26.9x its 50-day median on 2024-10-29; price -10.8% that day.
  16. AugPriceVolume reached 7.2x its 50-day median on 2024-08-27; price +9.6% that day.
  17. JunResultsRevenue (TTM) reached a new high of ₹2,725 cr.
  18. JunPriceVolume reached 6.8x its 50-day median on 2024-06-25; price +4.2% that day.
  19. MayValuationP/E crossed above the 90th percentile of its own history to date (27.6x).
  20. AugPriceVolume reached 8.2x its 50-day median on 2023-08-11; price +12.7% that day.
  21. JulPriceRegained the 2022-04 peak, 7 months after the low.
  22. JunResultsYear-on-year EPS growth turned positive.

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
2026-119.6x₹5497 cr24.7%21.0%0.9x
2026-109.6x₹5497 cr24.9%21.0%0.9x
2026-0911.8x₹5497 cr24.9%21.0%0.9x
2026-0813.4x₹5237 cr25.3%21.0%0.9x
2026-0716.7x₹5237 cr25.3%21.0%0.9x
2026-0615.7x₹5237 cr25.3%21.0%0.9x
2026-0518.7x₹3823 cr30.2%19.0%0.9x
2026-0416.0x₹3823 cr30.2%19.0%0.9x
2026-0311.6x₹3823 cr30.2%19.0%0.9x
2026-0212.7x₹3728 cr32.8%19.0%0.9x
2026-0115.7x₹3728 cr32.8%19.0%0.9x
2025-1221.1x₹3728 cr32.8%19.0%0.9x
2025-1118.9x₹3380 cr27.7%19.0%0.9x
2025-1018.3x₹3380 cr27.7%19.0%0.9x
2025-0918.0x₹3380 cr27.7%19.0%0.9x
2025-0816.5x₹2738 cr23.3%19.0%0.9x
2025-0717.7x₹2738 cr23.3%19.0%0.9x
2025-0613.7x₹2738 cr23.3%19.0%0.9x
2025-0514.2x₹2623 cr29.9%17.0%1.1x
2025-0411.2x₹2623 cr29.9%17.0%1.1x
2025-0312.1x₹2623 cr29.9%17.0%1.1x
2025-0213.9x₹2471 cr24.1%17.0%1.1x
2025-0119.2x₹2471 cr24.1%17.0%1.1x
2024-1215.7x₹2471 cr24.1%17.0%1.1x
2024-1113.3x₹2421 cr25.7%17.0%1.1x
2024-108.9x₹2421 cr25.7%17.0%1.1x
2024-0911.3x₹2421 cr25.7%17.0%1.1x
2024-0810.8x₹2725 cr30.2%17.0%1.1x
2024-0711.8x₹2725 cr30.2%17.0%1.1x
2024-0612.9x₹2725 cr30.2%17.0%1.1x
2024-0527.6x₹1831 cr16.6%16.0%1.1x
2024-0426.0x₹1831 cr16.6%16.0%1.1x
2024-0329.4x₹1831 cr16.6%16.0%1.1x
2024-0231.1x₹1831 cr16.6%16.0%1.1x
2024-0132.8x₹1831 cr16.6%16.0%1.1x
2023-1232.9x₹1831 cr16.6%16.0%1.1x
2023-1128.4x₹1831 cr16.6%16.0%1.1x
2023-1023.5x₹1831 cr16.6%16.0%1.1x
2023-0922.7x₹1831 cr16.6%16.0%1.1x
2023-0817.8x₹1831 cr16.6%16.0%1.1x
2023-0713.9x₹1831 cr16.6%16.0%1.1x
2023-069.9x₹1831 cr16.6%16.0%1.1x
2023-0513.5x₹1278 cr16.7%12.0%1.2x
2023-0415.1x₹1278 cr16.7%12.0%1.2x
2023-0311.8x₹1278 cr16.7%12.0%1.2x
2023-0211.0x₹1278 cr16.7%12.0%1.2x
2023-0110.9x₹1278 cr16.7%12.0%1.2x
2022-1210.1x₹1278 cr16.7%12.0%1.2x
2022-119.4x₹1278 cr16.7%12.0%1.2x
2022-109.4x₹1278 cr16.7%12.0%1.2x
2022-099.5x₹1278 cr16.7%12.0%1.2x
2022-0811.0x₹1278 cr16.7%12.0%1.2x
2022-0711.8x₹1278 cr16.7%12.0%1.2x
2022-0610.7x₹1278 cr16.7%12.0%1.2x
2022-0510.8x₹1148 cr20.0%16.0%1.5x
2022-0414.1x₹1148 cr20.0%16.0%1.5x
2022-0312.7x₹1148 cr20.0%16.0%1.5x
2022-0210.1x₹1148 cr20.0%16.0%1.5x
2022-0111.0x₹1148 cr20.0%16.0%1.5x
2021-129.8x₹1148 cr20.0%16.0%1.5x
2021-119.0x₹1148 cr20.0%16.0%1.5x
2021-1010.6x₹1148 cr20.0%16.0%1.5x
2021-0912.2x₹1148 cr20.0%16.0%1.5x
2021-0812.5x₹1148 cr20.0%16.0%1.5x
2021-0714.6x₹1148 cr20.0%16.0%1.5x
2021-0615.4x₹1148 cr20.0%16.0%1.5x
2021-053.4x₹334 cr110.7%-14.0%1.3x
2021-043.5x₹334 cr110.7%-14.0%1.3x
2021-032.3x₹334 cr110.7%-14.0%1.3x
2021-022.5x₹334 cr110.7%-14.0%1.3x
2021-012.6x₹334 cr110.7%-14.0%1.3x
2020-122.4x₹334 cr110.7%-14.0%1.3x
2020-111.8x₹334 cr110.7%-14.0%1.3x
2020-101.8x₹334 cr110.7%-14.0%1.3x
2020-091.8x₹334 cr110.7%-14.0%1.3x
2020-081.4x₹334 cr110.7%-14.0%1.3x
2020-07—₹334 cr110.7%-14.0%1.3x
2020-06—₹334 cr110.7%-14.0%1.3x
2020-05—₹622 cr—-42.0%—
2020-04—₹622 cr—-42.0%—
2020-03—₹622 cr—-42.0%—
2020-02—₹622 cr—-42.0%—
2020-01—₹622 cr—-42.0%—
2019-12—₹622 cr—-42.0%—
2019-11—₹622 cr—-42.0%—
2019-10—₹622 cr—-42.0%—
2019-09—₹622 cr—-42.0%—
2019-08—₹622 cr—-42.0%—
2019-07—₹622 cr—-42.0%—
2019-06—₹622 cr—-42.0%—
2019-05—₹794 cr—0.0%—
2019-04—₹794 cr—0.0%—
2019-03—₹794 cr—0.0%—
2019-02—₹794 cr—0.0%—
2019-01—₹794 cr—0.0%—

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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