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BALKRISHNA PAPER MILLS LIMITED (BALKRISHNA)

Process Industries · Pulp & Paper · 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.20 / 100
Profitability 4Growth 40Balance sheet 16
Compare withJK PAPERSESHASAYEE PAPER & BOARDSANDHRA PAPER

Share price

Closing priceAdjusted for splits and bonus issues.

₹15.83 latest close · −14.8% over the last 90 sessions

₹14₹16₹18Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹14₹16₹18Jul 3Sep 4Nov 9

₹15.83 month-end · −26.1% over 12 months

₹15₹18₹20Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹15₹18₹20Nov '25May '26Nov '26

₹15.83 month-end · −25.3% over 3 years

₹20₹30Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹20₹30Nov '23May '25Nov '26

₹15.83 month-end · −42.4% since Jan '19

₹10₹20₹30Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹10₹20₹30Jan '19Dec '22Nov '26

52-week range ₹12.00 to ₹24.00 · 1-year volatility 42.8%

Was the rally earned?

-26%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 4.1x to 3.0x); per-share earnings added 0 points.
  • The share count barely moved.
Net profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1 ptsNet profit growthP/E change: −26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−26 ptsP/E changeShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1 ptsShare count changeShare price: −26%−26%Share priceNet profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1ProfitP/E change: −26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−26P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −26%−26%Share price
Net profit growth-1 ptsNet profit fell about 1%, which lowers the price.
P/E change-26 ptsThe P/E fell from 4.1x to 3.0x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
-25%share price, 3 yearsMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 4.1x to 3.0x); per-share earnings added 0 points.
  • The share count barely moved.
Net profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1 ptsNet profit growthP/E change: −25 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−25 ptsP/E changeShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1 ptsShare count changeShare price: −25%−25%Share priceNet profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1ProfitP/E change: −25 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−25P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −25%−25%Share price
Net profit growth-1 ptsNet profit fell about 1%, which lowers the price.
P/E change-25 ptsThe P/E fell from 4.1x to 3.0x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
-9%share price, 5 yearsMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 3.3x to 3.0x); per-share earnings added 0 points.
  • The share count barely moved.
Net profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1 ptsNet profit growthP/E change: −8 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−8 ptsP/E changeShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1 ptsShare count changeShare price: −8%−8%Share priceNet profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1ProfitP/E change: −8 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−8P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −8%−8%Share price
Net profit growth-1 ptsNet profit fell about 1%, which lowers the price.
P/E change-8 ptsThe P/E fell from 3.3x to 3.0x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with JK PAPER

How rough has the ride been?

Maximum drawdown-84.8%recovered 2022-02
1-year volatility42.8%annualised

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−84.4% 0%−25%−50%−75%2020202220242026−84.4%
Largest drawdowns

-84.8% (2019-01 peak to 2020-03 low, recovered 2022-02)

-66.9% (2022-04 peak to 2026-03 low, not yet recovered)

-31.8% (2022-02 peak to 2022-03 low, recovered 2022-04)

Is it expensive against its own past and its peers?

3.0xP/E todayWithin its usual range
Against its own history25th percentile
CheapestMedian 3.9xDearest

Usual range 2.3x to 5.1x since 2019-01.

Against Process Industries3.0x vs 18.1x
This company
3.0x
Sector median
18.1x

83% below the Process Industries median.

1.0x11.6x22.2x32.7xJan '19Aug '20Mar '22Oct '23May '25Nov '261.0x11.6x22.2x32.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianProcess Industries median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Process Industries is valued

Where does it rank among Process Industries peers?

Each cell is the company's percentile rank among its Process Industries peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE4thflat vs a year ago
  • Revenue growth27th▼ 4 pts vs a year ago
  • EPS growth39th▼ 9 pts vs a year ago
  • Debt/equity ↓14thflat vs a year ago
  • Cash cycle ↓97thflat vs a year ago
  • P/E ↓98thflat vs a year ago
  • 12M momentum23rd▼ 45 pts vs a year ago

Rank history

ROCE
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

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Process Industries sector page Watch it move against Process Industries in the Observatory

What is the price implying?

~-4%annual earnings growth implied by the price

At a P/E of 3.0x, the price would imply about −4.5%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Earnings figures have not updated recently, so the company is left out of the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹15.83
P/E
3.0x
ROCE
-6.0%
Market Cap
₹51 cr
Revenue (TTM)
₹198 cr
P/S
0.3x
P/B
0.7x
ROE
22.4%
Debt / Equity
1.1x
Promoter Holding
60.0%
12M Momentum
-26.1%

52-week range

₹12.00₹24.00
32% of the way from its 52-week low to its high

Price risk

1Y volatility
42.8%
Beta vs sector
1-year daily
0.54

Balance sheet & cash

Interest cover
operating profit ÷ interest
5.7x
Share count, 1Y
unchanged

Are profits backed by cash?

2 of 3checks within range1 beyond a threshold
Other income reliance157%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 157.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow—Not enough data

Not enough reported data to compute this.

Receivable days vs history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (19 vs 19). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress—Not enough data

Not enough reported data to compute this.

Payable days0 days / 2 yrsWithin range

Days payable changed by 0 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 1.2 pts.
  • The number of shareholders rose from 12,810 to 14,565 (+14%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters58.7%60.0%+1.2 pts
FIIs0.0%0.0%0.0 pts
DIIs0.0%0.0%0.0 pts
Public and others41.3%40.0%-1.3 pts

Number of shareholders

14,565shareholders+14% since Dec '23
13k14k15k16k Dec '23Jun '24Sep '25Mar '26Jun '26
Dec '23: 12,810
Mar '24: 13,463
Jun '24: 14,767
Dec '24: 15,599
Sep '25: 15,139
Dec '25: 14,842
Mar '26: 14,836
Jun '26: 14,565
 13k14k15k16k Dec '23Dec '24Mar '26Jun '26
Dec '23: 12,810
Mar '24: 13,463
Jun '24: 14,767
Dec '24: 15,599
Sep '25: 15,139
Dec '25: 14,842
Mar '26: 14,836
Jun '26: 14,565

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

−4.8%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 BALKRISHNA PAPER MILLS LIMITED today on valuation, return on capital, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −21% to +33% vs the market, against −7% for all non-financial companies in the same months.
  • The gap against the base rate (+2.5%, 80% range −4.0% to +18.3%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
FLEXITUFF · Nov 2024: −72.9% vs market
MANGALAM · Apr 2025: −64.6% vs market
ACCURACY · Mar 2025: −52.2% vs market
MFML · Sep 2025: −36.8% vs market
ASAHISONG · Nov 2024: −33.2% vs market
LIBAS · Feb 2025: −31.6% vs market
NIPPOBATRY · Jan 2025: −29.2% vs market
ELECTHERM · Sep 2020: −28.4% vs market
RSWM · Mar 2024: −26.8% vs market
NAHARINDUS · Apr 2024: −26.4% vs market
SUPERHOUSE · Nov 2024: −26.2% vs market
DAMODARIND · Oct 2025: −25.1% vs market
OSWALSEEDS · Oct 2025: −22.7% vs market
JAYSREETEA · Mar 2025: −17.4% vs market
GLOBE · Feb 2025: −15.3% vs market
UTTAMSUGAR · Jun 2024: −14.4% vs market
GILLANDERS · Aug 2023: −12.3% vs market
ZUARIIND · Jan 2025: −12.2% vs market
SAKHTISUG · Jan 2020: −12.0% vs market
UGARSUGAR · Mar 2025: −11.5% vs market
KMSUGAR · May 2025: −10.0% vs market
AROGRANITE · May 2023: −9.5% vs market
PIONEEREMB · May 2024: −9.2% vs market
DELTAMAGNT · Apr 2023: −7.5% vs market
SHAHALLOYS · Mar 2020: −6.8% vs market
DCMNVL · May 2023: −2.8% vs market
RANASUG · Aug 2025: +1.9% vs market
LAXMICOT · May 2023: +9.1% vs market
NIBL · Aug 2025: +9.4% vs market
UMIYA-MRO · May 2023: +9.8% vs market
SGL · May 2020: +15.8% vs market
MAWANASUG · Apr 2025: +19.2% vs market
BANG · Sep 2020: +21.7% vs market
KCPSUGIND · Jun 2023: +23.4% vs market
JETFREIGHT · Feb 2025: +23.9% vs market
INDIAGLYCO · Oct 2023: +28.9% vs market
JISLJALEQS · Jun 2023: +32.0% vs market
ESTER · Feb 2024: +33.8% vs market
RKDL · Jan 2020: +34.7% vs market
SALSTEEL · Jun 2021: +41.3% vs market
NAGREEKEXP · May 2020: +41.9% vs market
ZUARI · Dec 2024: +46.9% vs market
NDL · Dec 2023: +54.2% vs market
KECL · Apr 2021: +57.3% vs market
NAHARSPING · Apr 2020: +72.9% vs market
TI · Feb 2021: +99.5% vs market
MADHUSUDAN · Oct 2025: +105.1% vs market
AIROLAM · Apr 2021: +139.0% vs market
PRAKASH · Nov 2022: +147.8% vs market
INDSWFTLAB · Jan 2020: +150.5% vs market
Similar setups −4.8%All companies −7.3%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
−4.8%
All companies' median
−7.3%
Beat the market
48% vs 42%

50 past situations · 50 companies · 30 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SGL
Process Industries		 May 2020 1x— −36%−56% +16%
JAYSREETEA
Process Industries		 Mar 2025 3x-8% −4%−43% −17%
NAGREEKEXP
Process Industries		 May 2020 —— −55%−57% +42%
SAKHTISUG
Process Industries		 Jan 2020 —-7% −20%−31% −12%
UMIYA-MRO
Industrial Services		 May 2023 1x— −14%−30% +10%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
UGARSUGAR
Process Industries		 Mar 2025 8x— −31%−49% −12%
NIBL
Producer Manufacturing		 Aug 2025 3x-19% −31%−36% +9%
DCMNVL
Process Industries		 May 2023 2x— −23%−32% −3%
How reliable is this?

Matched on P/E, P/S, ROCE, 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/S. Not used (unavailable for this company): operating margin. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 BALKRISHNA PAPER MILLS 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 changed?

13 events since Mar '20

  1. MarPriceFell 67% from the Apr 2022 peak to the Mar 2026 low.
  2. JunPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  3. SepValuationP/E crossed above the 90th percentile of its own history to date (5.4x).
  4. JanValuationP/E crossed above the 90th percentile of its own history to date (6.3x).
  5. JunPeer rankMoved into the 2nd quartile of Process Industries on EPS growth (from the 3rd quartile).
  6. DecValuationP/E crossed above the 90th percentile of its own history to date (5.3x).
  7. AprPriceRegained the 2022-02 peak, 1 month after the low.
  8. MarPriceFell 32% from the Feb 2022 peak to the Mar 2022 low.
Show 5 earlier events
  1. FebPriceRegained the 2019-01 peak, 23 months after the low.
  2. DecValuationP/E crossed above the 90th percentile of its own history to date (4.8x).
  3. MayPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  4. JanPeer rankMoved into the 2nd quartile of Process Industries on EPS growth (from the 3rd quartile).
  5. MarPriceFell 85% from the Jan 2019 peak to the Mar 2020 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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-113.0x₹198 cr22.4%-6.0%1.1x
2026-103.1x₹198 cr22.7%-6.0%1.1x
2026-093.1x₹198 cr22.7%-6.0%1.1x
2026-083.3x₹198 cr22.7%-6.0%1.1x
2026-073.3x₹198 cr22.7%-6.0%1.1x
2026-063.6x₹198 cr22.7%-6.0%1.1x
2026-053.5x₹198 cr22.7%-6.0%1.1x
2026-043.5x₹198 cr22.7%-6.0%1.1x
2026-032.6x₹198 cr22.7%-6.0%1.1x
2026-023.2x₹198 cr22.7%-6.0%1.1x
2026-013.2x₹198 cr22.7%-6.0%1.1x
2025-123.5x₹198 cr22.7%-6.0%1.1x
2025-114.1x₹198 cr22.7%-6.0%1.1x
2025-104.4x₹198 cr22.7%-6.0%1.1x
2025-094.5x₹198 cr22.7%-6.0%1.1x
2025-084.1x₹198 cr22.7%-6.0%1.1x
2025-074.0x₹198 cr22.7%-6.0%1.1x
2025-064.1x₹198 cr22.7%-6.0%1.1x
2025-054.0x₹198 cr22.7%-6.0%1.1x
2025-043.5x₹198 cr22.7%-6.0%1.1x
2025-033.2x₹198 cr22.7%-6.0%1.1x
2025-023.7x₹198 cr22.7%-6.0%1.1x
2025-014.3x₹198 cr22.7%-6.0%1.1x
2024-124.8x₹198 cr22.7%-6.0%1.1x
2024-114.6x₹198 cr22.7%-6.0%1.1x
2024-104.6x₹198 cr22.7%-6.0%1.1x
2024-095.4x₹198 cr22.7%-6.0%1.1x
2024-085.2x₹198 cr22.7%-6.0%1.1x
2024-075.0x₹198 cr22.7%-6.0%1.1x
2024-064.6x₹198 cr22.7%-6.0%1.1x
2024-054.8x₹198 cr22.7%-6.0%1.1x
2024-045.2x₹198 cr22.7%-6.0%1.1x
2024-034.5x₹198 cr22.7%-6.0%1.1x
2024-024.8x₹198 cr22.7%-6.0%1.1x
2024-016.3x₹198 cr22.7%-6.0%1.1x
2023-124.9x₹198 cr22.7%-6.0%1.1x
2023-114.1x₹198 cr22.7%-6.0%1.1x
2023-103.9x₹198 cr22.7%-6.0%1.1x
2023-093.8x₹198 cr22.7%-6.0%1.1x
2023-083.7x₹198 cr22.7%-6.0%1.1x
2023-073.4x₹198 cr22.7%-6.0%1.1x
2023-063.7x₹198 cr22.7%-6.0%1.1x
2023-053.5x₹198 cr22.7%-6.0%1.1x
2023-044.2x₹198 cr22.7%-6.0%1.1x
2023-033.2x₹198 cr22.7%-6.0%1.1x
2023-024.3x₹198 cr22.7%-6.0%1.1x
2023-014.9x₹198 cr22.7%-6.0%1.1x
2022-125.3x₹198 cr22.7%-6.0%1.1x
2022-114.0x₹198 cr22.7%-6.0%1.1x
2022-104.6x₹198 cr22.7%-6.0%1.1x
2022-094.5x₹198 cr22.7%-6.0%1.1x
2022-084.9x₹198 cr22.7%-6.0%1.1x
2022-074.9x₹198 cr22.7%-6.0%1.1x
2022-064.2x₹198 cr22.7%-6.0%1.1x
2022-054.8x₹198 cr22.7%-6.0%1.1x
2022-046.1x₹198 cr22.7%-6.0%1.1x
2022-036.4x₹198 cr22.7%-6.0%1.1x
2022-025.4x₹198 cr22.7%-6.0%1.1x
2022-015.8x₹198 cr22.7%-6.0%1.1x
2021-124.8x₹198 cr22.7%-6.0%1.1x
2021-113.3x₹198 cr22.7%-6.0%1.1x
2021-103.1x₹198 cr22.7%-6.0%1.1x
2021-092.6x₹198 cr22.7%-6.0%1.1x
2021-083.9x₹198 cr22.7%-6.0%1.1x
2021-074.3x₹198 cr22.7%-6.0%1.1x
2021-062.4x₹198 cr22.7%-6.0%1.1x
2021-053.2x₹198 cr22.7%-6.0%1.1x
2021-042.6x₹198 cr22.7%-6.0%1.1x
2021-032.6x₹198 cr22.7%-6.0%1.1x
2021-022.4x₹198 cr22.7%-6.0%1.1x
2021-013.2x₹198 cr22.7%-6.0%1.1x
2020-122.7x₹198 cr22.7%-6.0%1.1x
2020-112.3x₹198 cr22.7%-6.0%1.1x
2020-101.6x₹198 cr22.7%-6.0%1.1x
2020-091.7x₹198 cr22.7%-6.0%1.1x
2020-081.9x₹198 cr22.7%-6.0%1.1x
2020-071.8x₹198 cr22.7%-6.0%1.1x
2020-062.5x₹198 cr22.7%-6.0%1.1x
2020-051.5x₹198 cr22.7%-6.0%1.1x
2020-041.8x₹198 cr22.7%-6.0%1.1x
2020-031.0x₹198 cr22.7%-6.0%1.1x
2020-022.1x₹198 cr22.7%-6.0%1.1x
2020-012.4x₹198 cr22.7%-6.0%1.1x
2019-122.7x₹198 cr22.7%-6.0%1.1x
2019-112.2x₹198 cr22.7%-6.0%1.1x
2019-102.6x₹198 cr22.7%-6.0%1.1x
2019-094.1x₹198 cr22.7%-6.0%1.1x
2019-082.3x₹198 cr22.7%-6.0%1.1x
2019-072.2x₹198 cr22.7%-6.0%1.1x
2019-064.0x₹198 cr22.7%-6.0%1.1x
2019-054.9x₹198 cr22.7%-6.0%1.1x
2019-044.8x₹198 cr22.7%-6.0%1.1x
2019-034.9x₹198 cr22.7%-6.0%1.1x
2019-024.8x₹198 cr22.7%-6.0%1.1x
2019-015.3x₹198 cr22.7%-6.0%1.1x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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