Share price
₹308.75 latest close · −35.9% over the last 90 sessions
₹308.75 month-end · −32.8% over 12 months
₹308.75 month-end · −38.7% over 3 years
₹308.75 month-end · +9.2% since Jan '21
52-week range ₹270.85 to ₹605.00 · 1-year volatility 48.1%
Was the rally earned?
Mostly earnings.
- Per-share earnings took off 31 points, while the multiple moved less (P/E 15.2x to 15.0x).
- The share count barely moved.
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 20.9x to 15.0x); per-share earnings took off 12 points.
- The share count fell 4%.
Mostly yes, with a catch.
- Per-share earnings added 27 points, but investors now pay less per rupee of profit (P/E 18.0x to 15.0x), which took 19 points back.
- The share count fell 16%.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-68.6% (2024-07 peak to 2026-10 low, not yet recovered)
-45.6% (2021-09 peak to 2022-05 low, recovered 2023-11)
-40.6% (2021-01 peak to 2021-03 low, recovered 2021-09)
Most recent volume spikes
2026-09-23: 16.7x the 50-day median, price +6.5% that day
2026-09-18: 5.3x the 50-day median, price -3.9% that day
2026-09-17: 77.8x the 50-day median, price +9.9% 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?
Usual range 12.8x to 25.0x since 2021-01.
6% below the Transportation median.
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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.
Where does it rank among Transportation peers?
Each cell is the company's percentile rank among its Transportation 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
- ROCE49th▲ 6 pts vs a year ago
- Op. margin55th▼ 12 pts vs a year ago
- Revenue growth46th▼ 5 pts vs a year ago
- EPS growth14th▼ 40 pts vs a year ago
- Debt/equity ↓49th▲ 7 pts vs a year ago
- Cash cycle ↓28thflat vs a year ago
- P/E ↓55th▼ 18 pts vs a year ago
- 12M momentum16th▼ 25 pts vs a year ago
Rank history
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 Transportation sector page Watch it move against Transportation in the Observatory
What is the price implying?
At a P/E of 11.1x, the price would imply about 8.7%/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 Transportation The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹308.75
- P/E
- 15.0x
- ROCE
- 11.0%
- Market Cap
- ₹875 cr
- Revenue (TTM)
- ₹1067 cr
- P/S
- 0.8x
- P/B
- 1.2x
- ROE
- 7.9%
- Operating Margin
- 14.3%
- Debt / Equity
- 0.6x
- Promoter Holding
- 46.1%
- 12M Momentum
- -32.8%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance48%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 48.4%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate12%Near threshold
Median quarterly effective tax rate over about 2.5 years: 12.4%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion1.61xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 1.61x (cash from operations ₹471 cr, net profit ₹293 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+8 daysWithin range
Debtor days are above the median of the previous three fiscal years by 8 days (112 vs 104). 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—Not enough data
Not enough reported data to compute this.
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.
Who has been buying and selling?
- Over 3 years, DIIs trimmed 2.7 pts; FIIs trimmed 0.7 pts.
- The number of shareholders rose from 50,368 to 79,076 (+57%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like ANTONY WASTE HANDLING CELL 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 −23% to +43% vs the market, against −4% for all non-financial companies in the same months.
- The gap against the base rate (0%, 80% range −8.1% to +17.2%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
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 · 1 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 31 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| HARIOMPIPE Non-Energy Minerals |
Apr 2025 | 18x | — | −38% | −58% | −16% |
| PRITIKAUTO Producer Manufacturing |
Jul 2025 | 15x | 10% | −32% | −48% | −11% |
| BLKASHYAP Industrial Services |
Feb 2025 | 19x | 14% | −35% | −58% | −12% |
| RICOAUTO Producer Manufacturing |
Feb 2020 | 8x | 12% | −47% | −57% | −4% |
| SANGHIIND Non-Energy Minerals |
Apr 2022 | 16x | 6% | +6% | −39% | +34% |
Show the other 3 matches
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, ROCE and debt/equity. 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.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Sep '23
- OctPriceFell 69% from the Jul 2024 peak to the Oct 2026 low.
- SepPeer rankSlipped to the bottom quartile of Transportation on EPS growth (from the 3rd quartile).
- SepPriceVolume reached 77.8x its 50-day median on 2026-09-17; price +9.9% that day.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankSlipped to the 3rd quartile of Transportation on EPS growth (from the 2nd quartile).
- JunDividendStarted paying a dividend (payout 2% of profit).
- AprPriceVolume reached 91.5x its 50-day median on 2026-04-09; price +14.4% that day.
- JanPriceVolume reached 102.4x its 50-day median on 2026-01-23; price +13.8% that day.
Show 22 earlier events
- DecPriceVolume reached 245.7x its 50-day median on 2025-12-18; price +18.0% that day.
- SepResultsYear-on-year EPS growth turned positive.
- SepPeer rankMoved into the 2nd quartile of Transportation on EPS growth (from the 3rd quartile).
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankSlipped to the 3rd quartile of Transportation on ROCE (from the 2nd quartile).
- MayPriceVolume reached 6.2x its 50-day median on 2025-05-30; price +2.8% that day.
- MarResultsRevenue (TTM) reached a new high of ₹901 cr.
- FebPriceVolume reached 15.4x its 50-day median on 2025-02-04; price +6.9% that day.
- DecInstitutionsFII + DII holding fell 3.2 pts over 2 quarters to 15.4%.
- DecPeer rankSlipped to the 2nd quartile of Transportation on EPS growth (from the top quartile).
- NovPriceVolume reached 5.3x its 50-day median on 2024-11-12; price -10.0% that day.
- JulPriceRegained the 2024-01 peak, 1 month after the low.
- JulValuationP/E crossed above the 90th percentile of its own history to date (26.9x).
- JulPriceVolume reached 28.8x its 50-day median on 2024-07-24; price +13.7% that day.
- JunResultsRevenue (TTM) reached a new high of ₹873 cr.
- JunPriceFell 27% from the Jan 2024 peak to the Jun 2024 low.
- JunPeer rankMoved into the top quartile of Transportation on EPS growth (from the 2nd quartile).
- JunPriceVolume reached 14.8x its 50-day median on 2024-06-27; price +2.3% that day.
- JanPriceVolume reached 12.4x its 50-day median on 2024-01-10; price +7.7% that day.
- NovPriceRegained the 2021-09 peak, 18 months after the low.
- NovPriceVolume reached 19.4x its 50-day median on 2023-11-10; price +12.8% that day.
- SepPriceVolume reached 19.2x its 50-day median on 2023-09-29; price +6.0% that day.
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 history71 months · 2021-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 15.0x | ₹1067 cr | 7.9% | 11.0% | 0.6x |
| 2026-10 | 13.4x | ₹1067 cr | 7.9% | 11.0% | 0.6x |
| 2026-09 | 17.7x | ₹1067 cr | 7.9% | 11.0% | 0.6x |
| 2026-08 | 14.4x | ₹1053 cr | 10.4% | 11.0% | 0.6x |
| 2026-07 | 16.1x | ₹1053 cr | 10.4% | 11.0% | 0.6x |
| 2026-06 | 17.6x | ₹1053 cr | 10.4% | 11.0% | 0.6x |
| 2026-05 | 16.0x | ₹1010 cr | 12.8% | 12.0% | 0.8x |
| 2026-04 | 17.4x | ₹1010 cr | 12.8% | 12.0% | 0.8x |
| 2026-03 | 12.9x | ₹1010 cr | 12.8% | 12.0% | 0.8x |
| 2026-02 | 16.0x | ₹990 cr | 13.3% | 12.0% | 0.8x |
| 2026-01 | 18.4x | ₹990 cr | 13.3% | 12.0% | 0.8x |
| 2025-12 | 15.8x | ₹990 cr | 13.3% | 12.0% | 0.8x |
| 2025-11 | 15.2x | ₹954 cr | 13.0% | 12.0% | 0.8x |
| 2025-10 | 18.1x | ₹954 cr | 13.0% | 12.0% | 0.8x |
| 2025-09 | 17.9x | ₹954 cr | 13.0% | 12.0% | 0.8x |
| 2025-08 | 19.0x | ₹934 cr | 12.8% | 12.0% | 0.8x |
| 2025-07 | 20.4x | ₹934 cr | 12.8% | 12.0% | 0.8x |
| 2025-06 | 22.6x | ₹934 cr | 12.8% | 12.0% | 0.8x |
| 2025-05 | 24.3x | ₹901 cr | 12.4% | 14.0% | 0.8x |
| 2025-04 | 19.1x | ₹901 cr | 12.4% | 14.0% | 0.8x |
| 2025-03 | 20.8x | ₹901 cr | 12.4% | 14.0% | 0.8x |
| 2025-02 | 21.5x | ₹875 cr | 12.0% | 14.0% | 0.8x |
| 2025-01 | 25.1x | ₹875 cr | 12.0% | 14.0% | 0.8x |
| 2024-12 | 25.0x | ₹875 cr | 12.0% | 14.0% | 0.8x |
| 2024-11 | 20.9x | ₹878 cr | 14.4% | 14.0% | 0.8x |
| 2024-10 | 26.8x | ₹878 cr | 14.4% | 14.0% | 0.8x |
| 2024-09 | 23.9x | ₹878 cr | 14.4% | 14.0% | 0.8x |
| 2024-08 | 23.6x | ₹873 cr | 14.6% | 14.0% | 0.8x |
| 2024-07 | 26.9x | ₹873 cr | 14.6% | 14.0% | 0.8x |
| 2024-06 | 16.8x | ₹873 cr | 14.6% | 14.0% | 0.8x |
| 2024-05 | 18.3x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2024-04 | 21.2x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2024-03 | 19.2x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2024-02 | 20.9x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2024-01 | 23.4x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2023-12 | 20.1x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2023-11 | 20.9x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2023-10 | 16.9x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2023-09 | 15.5x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2023-08 | 14.2x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2023-07 | 13.3x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2023-06 | 13.2x | ₹854 cr | 14.7% | 15.0% | 0.7x |
| 2023-05 | 10.4x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2023-04 | 11.0x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2023-03 | 10.3x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2023-02 | 10.6x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2023-01 | 12.0x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2022-12 | 12.8x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2022-11 | 13.7x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2022-10 | 12.8x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2022-09 | 12.6x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2022-08 | 14.3x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2022-07 | 12.9x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2022-06 | 11.7x | ₹648 cr | 18.1% | 20.0% | 0.4x |
| 2022-05 | 18.7x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2022-04 | 17.1x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2022-03 | 16.3x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2022-02 | 17.4x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2022-01 | 20.2x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2021-12 | 20.6x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2021-11 | 18.0x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2021-10 | 18.2x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2021-09 | 22.5x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2021-08 | 22.4x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2021-07 | 21.6x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2021-06 | 20.2x | ₹465 cr | 15.4% | 18.0% | 0.4x |
| 2021-05 | 28.1x | ₹451 cr | 17.6% | 26.0% | 0.9x |
| 2021-04 | 27.8x | ₹451 cr | 17.6% | 26.0% | 0.9x |
| 2021-03 | 22.6x | ₹451 cr | 17.6% | 26.0% | 0.9x |
| 2021-02 | 27.9x | ₹451 cr | 17.6% | 26.0% | 0.9x |
| 2021-01 | 26.4x | ₹451 cr | 17.6% | 26.0% | 0.9x |