52-week range
Price risk
Balance sheet & cash
Was the rally earned?
Mostly earnings.
- Per-share earnings took off 182 points, while the multiple moved less (P/E 47.5x to 290.0x).
- The share count rose 23%.
Mostly earnings.
- Per-share earnings took off 184 points, while the multiple moved less (P/E 45.4x to 290.0x).
- The share count fell 9%.
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.
Not shown for 1 year: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
Is it expensive against its own past and its peers?
The chart loads when you open this tab.
The chart loads when you open this tab.
How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dashed 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.
What is the price implying?
At a P/E of 290.0x, the price would imply about 50.6%/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 Process Industries The market-wide Expectations lists
What changed?
- Oct '26Fell 75% from the Jun 2025 peak to the Oct 2026 low.
- Sep '26Revenue (TTM) reached a new high of ₹1,846 cr.
- Sep '26FII + DII holding fell 3.6 pts over 2 quarters to 6.3%.
- Sep '26Slipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
- Aug '26Volume reached 20.9x its 50-day median on 2026-08-17; price +10.0% that day.
- Jun '26EPS (TTM) turned positive.
- Jun '26Slipped to the bottom quartile of Process Industries on ROCE (from the 2nd quartile).
- Apr '26Volume reached 47.8x its 50-day median on 2026-04-23; price +12.5% that day.
Show 22 earlier events
- Mar '26Slipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
- Feb '26Volume reached 27.1x its 50-day median on 2026-02-04; price +5.0% that day.
- Dec '25Volume reached 12.0x its 50-day median on 2025-12-12; price +12.5% that day.
- Sep '25Revenue (TTM) reached a new high of ₹1,688 cr.
- Sep '25Slipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
- Sep '25Volume reached 9.1x its 50-day median on 2025-09-29; price -5.0% that day.
- Jul '25Share count is up 11.8% over 12 months.
- Jun '25Moved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
- May '25Regained the 2021-07 peak, 11 months after the low.
- May '25Volume reached 14.5x its 50-day median on 2025-05-27; price +12.9% that day.
- Jan '25Volume reached 10.1x its 50-day median on 2025-01-01; price +8.8% that day.
- Dec '24Moved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
- Nov '24Volume reached 7.1x its 50-day median on 2024-11-18; price +5.2% that day.
- Jul '24Volume reached 37.5x its 50-day median on 2024-07-16; price +14.0% that day.
- Jun '24EPS (TTM) turned negative.
- Jun '24Fell 61% from the Jul 2021 peak to the Jun 2024 low.
- Jun '24Slipped to the bottom quartile of Process Industries on EPS growth (from the 3rd quartile).
- Jun '24Share count is up 6.2% over 12 months.
- Apr '24Volume reached 14.7x its 50-day median on 2024-04-05; price +10.8% that day.
- Mar '24P/E fell below the 10th percentile of its own history to date (29.5x).
- Mar '24Volume reached 7.6x its 50-day median on 2024-03-28; price -6.1% that day.
- Nov '23Volume reached 10.6x its 50-day median on 2023-11-30; price +7.6% 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
Are profits backed by cash?
2 of 4 checks are within range, 2 near a threshold.
Tap a check to see how it is measured.
Other income reliance—Not enough data
Not enough reported data to compute this.
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 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+7 daysWithin range
Debtor days are above the median of the previous three fiscal years by 7 days (79 vs 72). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress4% of fixed assetsWithin range
Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days+46 days / 2 yrsNear threshold
Days payable changed by +46 over two years. Bands: rise of up to 30 days; more than 30 days.
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 2 years, DIIs added 1.7 pts.
- The number of shareholders fell from 62,098 to 55,178 (-11%) between Dec 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.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-75.4% (2025-06 peak to 2026-10 low, not yet recovered)
-61.4% (2021-07 peak to 2024-06 low, recovered 2025-05)
-61.0% (2020-01 peak to 2020-03 low, recovered 2020-08)
Most recent volume spikes
2026-08-17: 20.9x the 50-day median, price +10.0% that day
2026-08-12: 9x the 50-day median, price -14.0% 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).
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).
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 else looks like this?
Companies with the most similar financial profile today, regardless of industry.
| Company | Sector | Similarity | Closest on |
|---|---|---|---|
| INDOCO REMEDIES (INDOCO) | Health Technology | 70% | revenue, P/E |
| STL NETWORKS (STLNETWORK) | Miscellaneous | 70% | market cap, operating margin |
| RICO AUTO INDUSTRIES (RICOAUTO) | Producer Manufacturing | 68% | market cap, operating margin |
| ASIAN GRANITO INDIA (ASIANTILES) | Producer Manufacturing | 63% | revenue, ROCE |
| DISHMAN CARBOGEN AMCIS (DCAL) | Health Technology | 63% | P/E, ROCE |
| NACL INDUSTRIES (NACLIND) | Process Industries | 65% | EPS growth, P/E |
| THIRUMALAI CHEMICALS (TIRUMALCHM) | Process Industries | 62% | revenue, market cap |
| XPRO INDIA (XPROINDIA) | Process Industries | 61% | ROCE, revenue growth |
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like CAMLIN FINE SCIENCES LIMITED 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 −21% to +42% vs the market, against −1% for all non-financial companies in the same months.
- The gap against the base rate (+6.1%, 80% range −8.1% to +17.6%) 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 · 3 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 |
|---|---|---|---|---|---|---|
| ACLGATI Transportation |
Dec 2023 | — | 3% | −15% | −27% | −38% |
| WOCKPHARMA Health Technology |
Jan 2023 | — | 1% | −43% | −46% | +61% |
| KHADIM Consumer Non-Durables |
Sep 2020 | — | 0% | −44% | −54% | +17% |
| DYNPRO Consumer Non-Durables |
Nov 2023 | — | 4% | −28% | −31% | +22% |
| DCAL Health Technology |
May 2022 | — | 0% | −42% | −53% | −9% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| SOLARA Health Technology |
Nov 2023 | — | 2% | −26% | −28% | +111% |
| SEPC Industrial Services |
Oct 2020 | — | 5% | −54% | −54% | +17% |
| RANEHOLDIN Producer Manufacturing |
Nov 2020 | — | 3% | −38% | −44% | −14% |
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 drawdown from 12-month high. This company is loss-making, so it was only compared with loss-making companies. 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.
Monthly history (94 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | 290.0x | ₹1846 cr | 0.5% | 5.0% | 0.7x |
| 2026-09 | 321.2x | ₹1846 cr | 0.5% | 5.0% | 0.7x |
| 2026-08 | 72.8x | ₹1734 cr | 2.5% | 5.0% | 0.7x |
| 2026-07 | 90.6x | ₹1734 cr | 2.5% | 5.0% | 0.7x |
| 2026-06 | 94.6x | ₹1734 cr | 2.5% | 5.0% | 0.7x |
| 2026-05 | — | ₹1741 cr | -8.1% | 12.0% | 0.7x |
| 2026-04 | — | ₹1741 cr | -8.1% | 12.0% | 0.7x |
| 2026-03 | — | ₹1741 cr | -8.1% | 12.0% | 0.7x |
| 2026-02 | — | ₹1731 cr | -4.2% | 12.0% | 0.7x |
| 2026-01 | — | ₹1731 cr | -4.2% | 12.0% | 0.7x |
| 2025-12 | — | ₹1731 cr | -4.2% | 12.0% | 0.7x |
| 2025-11 | — | ₹1688 cr | -17.1% | 12.0% | 0.7x |
| 2025-10 | — | ₹1688 cr | -17.1% | 12.0% | 0.7x |
| 2025-09 | — | ₹1688 cr | -17.1% | 12.0% | 0.7x |
| 2025-08 | — | ₹1661 cr | -20.2% | 12.0% | 0.7x |
| 2025-07 | — | ₹1661 cr | -20.2% | 12.0% | 0.7x |
| 2025-06 | — | ₹1661 cr | -20.2% | 12.0% | 0.7x |
| 2025-05 | — | ₹1606 cr | -32.0% | 8.0% | 0.8x |
| 2025-04 | — | ₹1606 cr | -32.0% | 8.0% | 0.8x |
| 2025-03 | — | ₹1606 cr | -32.0% | 8.0% | 0.8x |
| 2025-02 | — | ₹1561 cr | -32.9% | 8.0% | 0.8x |
| 2025-01 | — | ₹1561 cr | -32.9% | 8.0% | 0.8x |
| 2024-12 | — | ₹1561 cr | -32.9% | 8.0% | 0.8x |
| 2024-11 | — | ₹1550 cr | -20.3% | 8.0% | 0.8x |
| 2024-10 | — | ₹1550 cr | -20.3% | 8.0% | 0.8x |
| 2024-09 | — | ₹1550 cr | -20.3% | 8.0% | 0.8x |
| 2024-08 | — | ₹1589 cr | -14.0% | 8.0% | 0.8x |
| 2024-07 | — | ₹1589 cr | -14.0% | 8.0% | 0.8x |
| 2024-06 | — | ₹1589 cr | -14.0% | 8.0% | 0.8x |
| 2024-05 | 31.2x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2024-04 | 35.1x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2024-03 | 29.5x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2024-02 | 38.0x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2024-01 | 42.7x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2023-12 | 44.8x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2023-11 | 44.7x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2023-10 | 47.5x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2023-09 | 54.1x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2023-08 | 54.5x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2023-07 | 51.6x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2023-06 | 53.8x | ₹1682 cr | 5.6% | 10.0% | 1.0x |
| 2023-05 | 47.7x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2023-04 | 48.8x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2023-03 | 36.1x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2023-02 | 39.4x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2023-01 | 44.4x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2022-12 | 45.3x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2022-11 | 45.4x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2022-10 | 44.4x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2022-09 | 33.4x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2022-08 | 36.7x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2022-07 | 33.4x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2022-06 | 30.5x | ₹1412 cr | 9.2% | 10.0% | 0.9x |
| 2022-05 | 32.3x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2022-04 | 33.3x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2022-03 | 38.3x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2022-02 | 35.8x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2022-01 | 41.6x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2021-12 | 35.7x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2021-11 | 38.1x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2021-10 | 45.4x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2021-09 | 50.4x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2021-08 | 47.5x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2021-07 | 51.7x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2021-06 | 51.2x | ₹1187 cr | 11.6% | 13.0% | 0.9x |
| 2021-05 | 77.3x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2021-04 | 67.5x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2021-03 | 61.5x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2021-02 | 59.0x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2021-01 | 46.7x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2020-12 | 53.7x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2020-11 | 50.6x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2020-10 | 42.3x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2020-09 | 50.3x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2020-08 | 40.0x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2020-07 | 32.5x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2020-06 | 23.0x | ₹1049 cr | 8.6% | 11.0% | 1.3x |
| 2020-05 | 997.8x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2020-04 | 956.3x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2020-03 | 952.5x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2020-02 | 1727.0x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2020-01 | 1909.0x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2019-12 | 2053.0x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2019-11 | 1442.3x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2019-10 | 1609.8x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2019-09 | 1333.8x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2019-08 | 1353.3x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2019-07 | 1325.0x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2019-06 | 1380.0x | ₹892 cr | 0.1% | 7.0% | 1.2x |
| 2019-05 | — | ₹721 cr | -7.5% | 0.0% | 1.0x |
| 2019-04 | — | ₹721 cr | -7.5% | 0.0% | 1.0x |
| 2019-03 | — | ₹721 cr | -7.5% | 0.0% | 1.0x |
| 2019-02 | — | ₹721 cr | -7.5% | 0.0% | 1.0x |
| 2019-01 | — | ₹721 cr | -7.5% | 0.0% | 1.0x |