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BALKRISHNA INDUSTRIES LTD (BALKRISIND)

Consumer Durables · Automotive Aftermarket · 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.50 / 100
Profitability 61Growth 36Balance sheet 53
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.43 / 100
Price 47Earnings 41FII/DII 40
Compare withMRFAPOLLO TYRESCEAT

Share price

Closing priceAdjusted for splits and bonus issues.

₹2,343.6 latest close · +5.5% over the last 90 sessions

₹2,000₹2,200₹2,400Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹2,000₹2,200₹2,400Jul 3Sep 4Nov 9

₹2,343.6 month-end · +1.5% over 12 months

₹2,200₹2,400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹2,200₹2,400Nov '25May '26Nov '26

₹2,343.6 month-end · −9.0% over 3 years

₹2,000₹2,500₹3,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹2,000₹2,500₹3,000Nov '23May '25Nov '26

₹2,343.6 month-end · +189.1% since Jan '19

₹1,000₹2,000₹3,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹1,000₹2,000₹3,000Jan '19Dec '22Nov '26

52-week range ₹1964.70 to ₹2775.00 · 1-year volatility 34.6%

Was the rally earned?

+2%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (+2%).
  • The share count barely moved.
Net profit growth: −3 pts. Points of the price return explained by net profit growing (or shrinking).−3 ptsNet profit growthP/E change: +5 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+5 ptsP/E changeShare price: +2%+2%Share priceNet profit growth: −3 pts. Points of the price return explained by net profit growing (or shrinking).−3ProfitP/E change: +5 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+5P/EShare price: +2%+2%Share price
Net profit growth-3 ptsNet profit fell about 3%, which lowers the price.
P/E change+5 ptsThe P/E rose from 30.7x to 32.2x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-9%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 27 points, but investors now pay less per rupee of profit (P/E 47.1x to 32.2x), which took 36 points back.
  • The share count barely moved.
Net profit growth: +27 pts. Points of the price return explained by net profit growing (or shrinking).+27 ptsNet profit growthP/E change: −36 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−36 ptsP/E changeShare price: −9%−9%Share priceNet profit growth: +27 pts. Points of the price return explained by net profit growing (or shrinking).+27ProfitP/E change: −36 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−36P/EShare price: −9%−9%Share price
Net profit growth+27 ptsNet profit rose about 33%, which lifts the price.
P/E change-36 ptsThe P/E fell from 47.1x to 32.2x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+8%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 18 points, but investors now pay less per rupee of profit (P/E 35.7x to 32.2x), which took 11 points back.
  • The share count barely moved.
Net profit growth: +18 pts. Points of the price return explained by net profit growing (or shrinking).+18 ptsNet profit growthP/E change: −11 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−11 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: +8%+8%Share priceNet profit growth: +18 pts. Points of the price return explained by net profit growing (or shrinking).+18ProfitP/E change: −11 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−11P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +8%+8%Share price
Net profit growth+18 ptsNet profit rose about 19%, which lifts the price.
P/E change-11 ptsThe P/E fell from 35.7x to 32.2x, which lowers the price.
Share count change0 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 MRF

How rough has the ride been?

Maximum drawdown-45.1%recovered 2020-07
1-year volatility34.6%annualised
Beta vs sector index0.823-year daily, correlation 0.46
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−39.9% 0%−20%−40%2020202220242026−39.9%
Largest drawdowns

-45.1% (2020-02 peak to 2020-03 low, recovered 2020-07)

-41.0% (2024-08 peak to 2026-06 low, not yet recovered)

-34.7% (2021-09 peak to 2022-02 low, recovered 2024-01)

Most recent volume spikes

2026-11-05: 6x the 50-day median, price +7.1% that day

2026-08-31: 65.5x the 50-day median, price -2.6% that day

2026-08-28: 5.4x the 50-day median, price -0.5% 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?

32.2xP/E todayWithin its usual range
Against its own history55th percentile
CheapestMedian 31.3xDearest

Usual range 23.3x to 43.5x since 2019-01.

Against Consumer Durables32.2x vs 25.5x
This company
32.2x
Sector median
25.5x

27% above the Consumer Durables median.

13.1x27.3x41.5x55.8xJan '19Aug '20Mar '22Oct '23May '25Nov '2613.1x27.3x41.5x55.8xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

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

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

All terms explained in the glossary →

How Consumer Durables is valued

Where does it rank among Consumer Durables peers?

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

Where it ranks today

  • ROCE32nd▼ 33 pts vs a year ago
  • Op. margin90th▲ 6 pts vs a year ago
  • Revenue growth32nd▼ 4 pts vs a year ago
  • EPS growth20th▼ 5 pts vs a year ago
  • Debt/equity ↓42nd▼ 7 pts vs a year ago
  • Cash cycle ↓45thflat vs a year ago
  • P/E ↓37th▼ 24 pts vs a year ago
  • 12M momentum63rd▲ 28 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

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

The Consumer Durables sector page Watch it move against Consumer Durables in the Observatory

What is the price implying?

~20%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 33.0x, a holder earning 12%/yr needs earnings to grow about 19.8%/yr for 10 years, then trade at 15x.

Delivered10.1%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+9.7 ptsimplied minus delivered
Rank339thmost demanding of 856

Over time

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

0%14%27% Jan 2019Nov 2026 0%14%27% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x21.2%22.3%23.3%
15x18.7%19.8%20.8%
20x15.5%16.6%17.6%

Drag a slider to test other assumptions

Implied: 19.8%/yr

Looking back

  • Jan 2020Price implied 21%/yr; EPS has since grown 7%/yr (7.0 yrs)
  • Jan 2021Price implied 23%/yr; EPS has since grown 4%/yr (6.0 yrs)
  • Jan 2022Price implied 26%/yr; EPS has since grown 1%/yr (5.0 yrs)

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

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

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

Key figures

Share Priceclose 9 Nov
₹2343.60
P/E
32.2x
ROCE
11.0%
Market Cap
₹45297 cr
Revenue (TTM)
₹11518 cr
P/S
3.9x
P/B
4.1x
ROE
12.8%
Operating Margin
22.0%
Debt / Equity
0.4x
Promoter Holding
58.3%
12M Momentum
1.5%

52-week range

₹1964.70₹2775.00
47% of the way from its 52-week low to its high

Price risk

1Y volatility
34.6%
Beta vs sector
1-year daily
0.96

Balance sheet & cash

Interest cover
operating profit ÷ interest
14.2x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.40x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance13%Within range

Other income as a share of pre-tax profit (trailing twelve months): 13.2%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.40xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.40x (cash from operations ₹6,095 cr, net profit ₹4,369 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-3 daysWithin range

Debtor days are below the median of the previous three fiscal years by 3 days (49 vs 52). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress33% of fixed assetsWithin range

Capital work-in-progress is 33% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-2 days / 2 yrsWithin range

Days payable changed by -2 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

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

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, DIIs added 3.5 pts; FIIs trimmed 2.2 pts.
  • The number of shareholders fell from 1.4 lakh to 1.2 lakh (-10%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters58.3%58.3%0.0 pts
FIIs12.5%10.3%-2.2 pts
DIIs21.1%24.6%+3.5 pts
Public and others7.9%6.8%-1.2 pts

Number of shareholders

1.2 lakhshareholders-10% since Sep '23
1.2L1.2L1.3L1.4L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.4 lakh
Dec '23: 1.3 lakh
Mar '24: 1.3 lakh
Jun '24: 1.2 lakh
Sep '24: 1.2 lakh
Dec '24: 1.2 lakh
Mar '25: 1.2 lakh
Jun '25: 1.3 lakh
Sep '25: 1.2 lakh
Dec '25: 1.2 lakh
Mar '26: 1.2 lakh
Jun '26: 1.2 lakh
 1.2L1.2L1.3L1.4L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.4 lakh
Dec '23: 1.3 lakh
Mar '24: 1.3 lakh
Jun '24: 1.2 lakh
Sep '24: 1.2 lakh
Dec '24: 1.2 lakh
Mar '25: 1.2 lakh
Jun '25: 1.3 lakh
Sep '25: 1.2 lakh
Dec '25: 1.2 lakh
Mar '26: 1.2 lakh
Jun '26: 1.2 lakh

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

+1.0%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 INDUSTRIES 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 −11% to +20% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (+3.6%, 80% range −1.7% to +7.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DALBHARAT · Jun 2023: −42.9% vs market
RAMCOCEM · May 2023: −42.8% vs market
SYMPHONY · Sep 2024: −37.5% vs market
FINPIPE · Jun 2024: −34.4% vs market
SHREECEM · May 2023: −31.7% vs market
NHPC · May 2020: −23.8% vs market
GODREJAGRO · Apr 2020: −23.0% vs market
TATACHEM · Oct 2022: −22.9% vs market
APLLTD · Jun 2025: −21.0% vs market
ASTERDM · Mar 2020: −19.6% vs market
VTL · Aug 2021: −15.8% vs market
CROMPTON · Jun 2024: −14.2% vs market
HSCL · Jan 2025: −12.0% vs market
JKCEMENT · Apr 2023: −9.6% vs market
CONCOR · Dec 2022: −8.4% vs market
KPRMILL · Mar 2025: −6.0% vs market
JSWENERGY · Aug 2022: −6.0% vs market
JUBLPHARMA · Sep 2025: −5.2% vs market
UNOMINDA · Apr 2023: −4.2% vs market
SYNGENE · Jan 2023: −4.0% vs market
STARCEMENT · Jun 2025: −2.6% vs market
METROPOLIS · Jan 2025: −1.7% vs market
VGUARD · Aug 2023: −1.0% vs market
SUPRAJIT · Mar 2021: +0.5% vs market
ALKEM · May 2024: +0.8% vs market
CIPLA · Mar 2021: +1.1% vs market
SUNDRMFAST · Dec 2021: +2.7% vs market
FORTIS · Jun 2023: +3.0% vs market
ENDURANCE · Mar 2024: +4.0% vs market
ULTRACEMCO · Jun 2020: +6.5% vs market
THERMAX · Jan 2024: +12.3% vs market
LUPIN · May 2025: +13.3% vs market
FSL · Sep 2024: +14.5% vs market
CCL · Aug 2022: +15.3% vs market
SUNPHARMA · Feb 2020: +17.1% vs market
BIOCON · Jun 2025: +17.4% vs market
AUROPHARMA · Jul 2023: +18.2% vs market
AARTIIND · Dec 2020: +20.5% vs market
ZYDUSLIFE · Feb 2020: +22.9% vs market
OBEROIRLTY · Aug 2021: +33.5% vs market
ASAHIINDIA · Mar 2025: +33.9% vs market
CIEINDIA · Oct 2022: +39.5% vs market
IPCALAB · Sep 2025: +43.1% vs market
JYOTHYLAB · Apr 2023: +50.9% vs market
RADICO · May 2024: +52.9% vs market
GRANULES · Oct 2025: +56.9% vs market
SRF · Jan 2021: +64.7% vs market
CENTURYPLY · Apr 2020: +80.0% vs market
SANSERA · Oct 2025: +187.1% vs market
FLUOROCHEM · May 2021: +222.6% vs market
Similar setups +1.0%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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
+1.0%
All companies' median
−2.6%
Beat the market
54% vs 47%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
FORTIS
Health Services		 Jun 2023 40x10% +31%−2% +3%
TATACHEM
Process Industries		 Oct 2022 23x8% +26%−6% −23%
ZYDUSLIFE
Health Technology		 Feb 2020 14x15% −18%−25% +23%
IPCALAB
Health Technology		 Sep 2025 44x15% −11%−23% +43%
RAMCOCEM
Non-Energy Minerals		 May 2023 24x9% +29%−2% −43%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
FLUOROCHEM
Process Industries		 May 2021 46x9% +182%−3% +223%
DALBHARAT
Non-Energy Minerals		 Jun 2023 39x8% +69%−4% −43%
CCL
Consumer Non-Durables		 Aug 2022 31x16% +19%−6% +15%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/E. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to BALKRISHNA INDUSTRIES 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.

DALMIA BHARATDALBHARAT
Non-Energy Minerals
75%similar
operating marginrevenue
TORRENT POWERTORNTPOWER
Utilities
72%similar
market caprevenue growth
SRFSRF
Process Industries
71%similar
debt/equityP/E
DEEPAK NITRITEDEEPAKNTR
Process Industries
70%similar
ROCEoperating margin
ULTRATECH CEMENTULTRACEMCO
Non-Energy Minerals
68%similar
promoter holdingdebt/equity
ASAHI INDIA GLASSASAHIINDIA
Consumer Durables
70%similar
ROCEoperating margin
APOLLO TYRESAPOLLOTYRE
Consumer Durables
48%similar
revenue growthmarket cap
TTK PRESTIGETTKPRESTIG
Consumer Durables
39%similar
revenue growthROCE

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

What changed?

30 events since Dec '22

  1. NovPriceVolume reached 6.0x its 50-day median on 2026-11-05; price +7.1% that day.
  2. AugPriceVolume reached 65.5x its 50-day median on 2026-08-31; price -2.6% that day.
  3. JunPriceFell 41% from the Aug 2024 peak to the Jun 2026 low.
  4. JunPeer rankSlipped to the 3rd quartile of Consumer Durables on ROCE (from the 2nd quartile).
  5. JunPriceVolume reached 9.3x its 50-day median on 2026-06-02; price -0.8% that day.
  6. MarResultsRevenue (TTM) reached a new high of ₹10,642 cr.
  7. FebPriceVolume reached 22.2x its 50-day median on 2026-02-03; price +12.1% that day.
  8. DecPeer rankSlipped to the bottom quartile of Consumer Durables on EPS growth (from the 3rd quartile).
Show 22 earlier events
  1. DecPriceVolume reached 15.9x its 50-day median on 2025-12-02; price +6.3% that day.
  2. SepResultsYear-on-year EPS growth turned negative.
  3. SepPeer rankSlipped to the 3rd quartile of Consumer Durables on EPS growth (from the 2nd quartile).
  4. JulPriceVolume reached 5.4x its 50-day median on 2025-07-02; price +3.6% that day.
  5. JunPeer rankSlipped to the 2nd quartile of Consumer Durables on EPS growth (from the top quartile).
  6. MayPriceVolume reached 21.2x its 50-day median on 2025-05-26; price -6.3% that day.
  7. JanPriceVolume reached 7.1x its 50-day median on 2025-01-28; price +5.5% that day.
  8. SepResultsRevenue (TTM) reached a new high of ₹9,923 cr.
  9. SepPeer rankMoved into the top quartile of Consumer Durables on EPS growth (from the 2nd quartile).
  10. AugPriceVolume reached 5.6x its 50-day median on 2024-08-12; price -7.0% that day.
  11. JunResultsYear-on-year EPS growth turned positive.
  12. JunPeer rankMoved into the 2nd quartile of Consumer Durables on EPS growth (from the bottom quartile).
  13. MayPriceVolume reached 11.9x its 50-day median on 2024-05-21; price +9.1% that day.
  14. AprValuationP/E crossed above the 90th percentile of its own history to date (44.4x).
  15. JanPriceRegained the 2021-09 peak, 23 months after the low.
  16. OctPriceVolume reached 5.8x its 50-day median on 2023-10-23; price +1.0% that day.
  17. JunResultsYear-on-year EPS growth turned negative.
  18. JunValuationP/E crossed above the 90th percentile of its own history to date (43.3x).
  19. JunPeer rankSlipped to the 2nd quartile of Consumer Durables on ROCE (from the top quartile).
  20. MayPriceVolume reached 7.6x its 50-day median on 2023-05-29; price -7.6% that day.
  21. FebPriceVolume reached 8.5x its 50-day median on 2023-02-13; price -11.1% that day.
  22. DecPeer rankSlipped to the 3rd quartile of Consumer Durables on EPS growth (from the 2nd 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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1132.2x₹11518 cr12.8%11.0%0.4x
2026-1028.5x₹11518 cr12.8%11.0%0.4x
2026-0929.1x₹11518 cr12.8%11.0%0.4x
2026-0835.4x₹10823 cr11.3%11.0%0.4x
2026-0738.5x₹10823 cr11.3%11.0%0.4x
2026-0633.9x₹10823 cr11.3%11.0%0.4x
2026-0532.5x₹10642 cr12.6%17.0%0.3x
2026-0431.8x₹10642 cr12.6%17.0%0.3x
2026-0330.7x₹10642 cr12.6%17.0%0.3x
2026-0233.4x₹10465 cr13.3%17.0%0.3x
2026-0132.3x₹10465 cr13.3%17.0%0.3x
2025-1232.5x₹10465 cr13.3%17.0%0.3x
2025-1130.7x₹10492 cr14.0%17.0%0.3x
2025-1030.3x₹10492 cr14.0%17.0%0.3x
2025-0930.5x₹10492 cr14.0%17.0%0.3x
2025-0826.7x₹10446 cr15.9%17.0%0.3x
2025-0731.3x₹10446 cr15.9%17.0%0.3x
2025-0628.6x₹10446 cr15.9%17.0%0.3x
2025-0527.0x₹10376 cr20.0%16.0%0.3x
2025-0429.2x₹10376 cr20.0%16.0%0.3x
2025-0327.9x₹10376 cr20.0%16.0%0.3x
2025-0231.0x₹10090 cr18.4%16.0%0.3x
2025-0132.9x₹10090 cr18.4%16.0%0.3x
2024-1234.5x₹10090 cr18.4%16.0%0.3x
2024-1133.0x₹9923 cr18.4%16.0%0.3x
2024-1033.7x₹9923 cr18.4%16.0%0.3x
2024-0936.2x₹9923 cr18.4%16.0%0.3x
2024-0837.2x₹9368 cr16.6%16.0%0.3x
2024-0743.7x₹9368 cr16.6%16.0%0.3x
2024-0642.4x₹9368 cr16.6%16.0%0.3x
2024-0555.8x₹9760 cr14.0%14.0%0.4x
2024-0444.4x₹9760 cr14.0%14.0%0.4x
2024-0342.4x₹9760 cr14.0%14.0%0.4x
2024-0240.7x₹9760 cr14.0%14.0%0.4x
2024-0144.9x₹9760 cr14.0%14.0%0.4x
2023-1247.0x₹9760 cr14.0%14.0%0.4x
2023-1147.1x₹9760 cr14.0%14.0%0.4x
2023-1046.7x₹9760 cr14.0%14.0%0.4x
2023-0946.8x₹9760 cr14.0%14.0%0.4x
2023-0842.5x₹9760 cr14.0%14.0%0.4x
2023-0746.5x₹9760 cr14.0%14.0%0.4x
2023-0643.3x₹9760 cr14.0%14.0%0.4x
2023-0530.6x₹8295 cr20.7%24.0%0.4x
2023-0428.1x₹8295 cr20.7%24.0%0.4x
2023-0326.3x₹8295 cr20.7%24.0%0.4x
2023-0227.1x₹8295 cr20.7%24.0%0.4x
2023-0129.9x₹8295 cr20.7%24.0%0.4x
2022-1228.7x₹8295 cr20.7%24.0%0.4x
2022-1127.5x₹8295 cr20.7%24.0%0.4x
2022-1026.4x₹8295 cr20.7%24.0%0.4x
2022-0925.4x₹8295 cr20.7%24.0%0.4x
2022-0827.6x₹8295 cr20.7%24.0%0.4x
2022-0731.1x₹8295 cr20.7%24.0%0.4x
2022-0628.9x₹8295 cr20.7%24.0%0.4x
2022-0538.4x₹5783 cr19.6%24.0%0.2x
2022-0435.2x₹5783 cr19.6%24.0%0.2x
2022-0335.1x₹5783 cr19.6%24.0%0.2x
2022-0229.9x₹5783 cr19.6%24.0%0.2x
2022-0138.4x₹5783 cr19.6%24.0%0.2x
2021-1238.1x₹5783 cr19.6%24.0%0.2x
2021-1135.7x₹5783 cr19.6%24.0%0.2x
2021-1040.4x₹5783 cr19.6%24.0%0.2x
2021-0941.6x₹5783 cr19.6%24.0%0.2x
2021-0837.7x₹5783 cr19.6%24.0%0.2x
2021-0739.0x₹5783 cr19.6%24.0%0.2x
2021-0636.8x₹5783 cr19.6%24.0%0.2x
2021-0544.3x₹4811 cr19.2%17.0%0.2x
2021-0435.7x₹4811 cr19.2%17.0%0.2x
2021-0334.0x₹4811 cr19.2%17.0%0.2x
2021-0231.4x₹4811 cr19.2%17.0%0.2x
2021-0132.0x₹4811 cr19.2%17.0%0.2x
2020-1233.2x₹4811 cr19.2%17.0%0.2x
2020-1133.4x₹4811 cr19.2%17.0%0.2x
2020-1027.1x₹4811 cr19.2%17.0%0.2x
2020-0929.8x₹4811 cr19.2%17.0%0.2x
2020-0826.6x₹4811 cr19.2%17.0%0.2x
2020-0726.6x₹4811 cr19.2%17.0%0.2x
2020-0625.4x₹4811 cr19.2%17.0%0.2x
2020-0527.0x₹5210 cr16.6%22.0%0.2x
2020-0423.4x₹5210 cr16.6%22.0%0.2x
2020-0319.8x₹5210 cr16.6%22.0%0.2x
2020-0227.4x₹5210 cr16.6%22.0%0.2x
2020-0126.7x₹5210 cr16.6%22.0%0.2x
2019-1224.8x₹5210 cr16.6%22.0%0.2x
2019-1123.1x₹5210 cr16.6%22.0%0.2x
2019-1022.1x₹5210 cr16.6%22.0%0.2x
2019-0919.4x₹5210 cr16.6%22.0%0.2x
2019-0818.6x₹5210 cr16.6%22.0%0.2x
2019-0717.6x₹5210 cr16.6%22.0%0.2x
2019-0618.9x₹5210 cr16.6%22.0%0.2x
2019-0520.5x₹4444 cr18.0%22.0%0.2x
2019-0424.0x₹4444 cr18.0%22.0%0.2x
2019-0326.2x₹4444 cr18.0%22.0%0.2x
2019-0223.3x₹4444 cr18.0%22.0%0.2x
2019-0121.3x₹4444 cr18.0%22.0%0.2x

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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