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CASTROL INDIA LIMITED (CASTROLIND)

Energy Minerals · Oil Refining/Marketing · 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.84 / 100
Profitability 82Growth 70Balance sheet 100
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.47 / 100
Price 70Earnings 61FII/DII 9
Compare withRELIANCE INDUSTRIESOIL AND NATURAL GAS CORPORATIOBHARAT PETROLEUM CORPN

Share price

Closing priceAdjusted for splits and bonus issues.

₹190.3 latest close · +6.7% over the last 90 sessions

₹180₹190₹200Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹180₹190₹200Jul 3Sep 4Nov 9

₹190.3 month-end · +5.2% over 12 months

₹170₹180₹190₹200Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹170₹180₹190₹200Nov '25May '26Nov '26

₹190.3 month-end · +46.4% over 3 years

₹150₹200₹250Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹150₹200₹250Nov '23May '25Nov '26

₹190.3 month-end · +27.5% since Jan '19

₹100₹150₹200₹250Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹100₹150₹200₹250Jan '19Dec '22Nov '26

52-week range ₹164.60 to ₹203.40 · 1-year volatility 14.1%

Was the rally earned?

+5%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 11 points, but investors now pay less per rupee of profit (P/E 18.7x to 17.7x), which took 5 points back.
  • The share count barely moved.
Net profit growth: +11 pts. Points of the price return explained by net profit growing (or shrinking).+11 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 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: +5%+5%Share priceNet profit growth: +11 pts. Points of the price return explained by net profit growing (or shrinking).+11ProfitP/E change: −5 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−5P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +5%+5%Share price
Net profit growth+11 ptsNet profit rose about 11%, which lifts the price.
P/E change-5 ptsThe P/E fell from 18.7x to 17.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+46%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 32 points to the rise, while the multiple moved less (P/E 15.8x to 17.7x).
  • The share count barely moved.
Net profit growth: +32 pts. Points of the price return explained by net profit growing (or shrinking).+32 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 price: +46%+46%Share priceNet profit growth: +32 pts. Points of the price return explained by net profit growing (or shrinking).+32ProfitP/E change: +14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+14P/EShare price: +46%+46%Share price
Net profit growth+32 ptsNet profit rose about 30%, which lifts the price.
P/E change+14 ptsThe P/E rose from 15.8x to 17.7x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+57%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 76 points, but investors now pay less per rupee of profit (P/E 20.6x to 17.7x), which took 19 points back.
  • The share count barely moved.
Net profit growth: +76 pts. Points of the price return explained by net profit growing (or shrinking).+76 ptsNet profit growthP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19 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: +57%+57%Share priceNet profit growth: +76 pts. Points of the price return explained by net profit growing (or shrinking).+76ProfitP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +57%+57%Share price
Net profit growth+76 ptsNet profit rose about 82%, which lifts the price.
P/E change-19 ptsThe P/E fell from 20.6x to 17.7x, 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 RELIANCE INDUSTRIES

How rough has the ride been?

Maximum drawdown-47.5%recovered 2023-12
1-year volatility14.1%annualised
Beta vs sector index0.633-year daily, correlation 0.37
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−42.4% 0%−20%−40%2020202220242026−42.4%
Largest drawdowns

-47.5% (2019-04 peak to 2020-03 low, recovered 2023-12)

-38.4% (2024-08 peak to 2025-01 low, not yet recovered)

-19.2% (2024-04 peak to 2024-06 low, recovered 2024-07)

Most recent volume spikes

2026-09-25: 9.6x the 50-day median, price +3.5% that day

2026-09-18: 7.3x the 50-day median, price +2.8% that day

2026-08-12: 5.1x the 50-day median, price +0.8% 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?

17.7xP/E todayWithin its usual range
Against its own history44th percentile
CheapestMedian 18.4xDearest

Usual range 13.3x to 22.1x since 2019-01.

Against Energy Minerals17.7x vs 12.7x
This company
17.7x
Sector median
12.7x

40% above the Energy Minerals median.

3.9x12.1x20.3x28.5xJan '19Aug '20Mar '22Oct '23May '25Nov '263.9x12.1x20.3x28.5xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianEnergy Minerals median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

Where does it rank among Energy Minerals peers?

Each cell is the company's percentile rank among its 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

  • ROCE100thflat vs a year ago
  • Op. margin82nd▲ 3 pts vs a year ago
  • Revenue growth42nd▼ 23 pts vs a year ago
  • EPS growth52nd▼ 13 pts vs a year ago
  • Debt/equity ↓93rd▲ 5 pts vs a year ago
  • Cash cycle ↓93rd▲ 4 pts vs a year ago
  • P/E ↓28th▼ 10 pts vs a year ago
  • 12M momentum67th▲ 15 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 Energy Minerals sector page Watch it move against Energy Minerals in the Observatory

What is the price implying?

~11%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 21.2x, a holder earning 12%/yr needs earnings to grow about 10.9%/yr for 10 years, then trade at 15x.

Delivered3.5%/yrEPS, last 9 fiscal years · 3-yr avg to 3-yr avg
Gap+7.4 ptsimplied minus delivered
Rank380thmost demanding of 856

Over time

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

0%8%16% Jan 2019Nov 2026 0%8%16% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x11.8%12.8%13.8%
15x9.9%10.9%11.9%
20x7.5%8.4%9.4%

Drag a slider to test other assumptions

Implied: 10.9%/yr

“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 Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹190.30
P/E
17.7x
Market Cap
₹18824 cr
Revenue (TTM)
₹6219 cr
P/S
3.0x
P/B
9.9x
ROE
55.6%
Operating Margin
26.0%
Debt / Equity
0.0x
Promoter Holding
51.0%
12M Momentum
5.2%

52-week range

₹164.60₹203.40
66% of the way from its 52-week low to its high

Price risk

1Y volatility
14.1%
Beta vs sector
1-year daily
0.26

Balance sheet & cash

Interest cover
operating profit ÷ interest
100.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.09x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 5checks within rangeAll clear
Other income reliance3%Within range

Other income as a share of pre-tax profit (trailing twelve months): 2.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.09xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.09x (cash from operations ₹2,987 cr, net profit ₹2,741 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

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

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress16% of fixed assetsWithin range

Capital work-in-progress is 16% 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.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, DIIs trimmed 2.3 pts; FIIs trimmed 2.2 pts.
  • The number of shareholders rose from 3.4 lakh to 5.4 lakh (+59%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters51.0%51.0%0.0 pts
FIIs10.4%8.2%-2.2 pts
DIIs15.9%13.6%-2.3 pts
Public and others22.7%26.4%+3.7 pts

Number of shareholders

5.4 lakhshareholders+59% since Dec '23
3.4L4.1L4.8L5.4L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 3.4 lakh
Mar '24: 3.8 lakh
Jun '24: 4.0 lakh
Sep '24: 4.9 lakh
Dec '24: 5.1 lakh
Mar '25: 5.3 lakh
Jun '25: 5.4 lakh
Sep '25: 5.3 lakh
Dec '25: 5.3 lakh
Mar '26: 5.4 lakh
Jun '26: 5.4 lakh
 3.4L4.1L4.8L5.4L Dec '23Dec '24Dec '25Jun '26
Dec '23: 3.4 lakh
Mar '24: 3.8 lakh
Jun '24: 4.0 lakh
Sep '24: 4.9 lakh
Dec '24: 5.1 lakh
Mar '25: 5.3 lakh
Jun '25: 5.4 lakh
Sep '25: 5.3 lakh
Dec '25: 5.3 lakh
Mar '26: 5.4 lakh
Jun '26: 5.4 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

−1.3%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 CASTROL INDIA LIMITED today on valuation, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −20% to +21% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (+1.8%, 80% range −6.4% to +4.5%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SANOFI · Jun 2025: −46.6% vs market
ARE&M · Oct 2020: −44.4% vs market
FINPIPE · Oct 2021: −41.4% vs market
INDIAMART · Oct 2025: −36.1% vs market
AMBUJACEM · Oct 2025: −34.9% vs market
INFY · Feb 2025: −34.7% vs market
ITC · May 2025: −29.6% vs market
SKFINDIA · Jul 2023: −29.2% vs market
ACC · Jun 2022: −28.8% vs market
TCS · Jan 2025: −28.4% vs market
KANSAINER · Oct 2025: −24.9% vs market
PIIND · Apr 2025: −21.3% vs market
GLAXO · Jun 2022: −20.9% vs market
DRREDDY · Jul 2023: −18.9% vs market
BAJAJCON · Jul 2023: −17.0% vs market
SUNTV · Nov 2023: −13.0% vs market
ATUL · May 2021: −12.3% vs market
FINCABLES · Nov 2021: −10.8% vs market
CIPLA · Jul 2025: −10.1% vs market
BALMLAWRIE · Mar 2020: −9.9% vs market
ZYDUSLIFE · Jun 2024: −9.7% vs market
ERIS · Feb 2023: −6.8% vs market
HAPPYFORGE · Jan 2025: −5.5% vs market
HEROMOTOCO · Sep 2025: −4.8% vs market
ALKEM · Oct 2025: −1.9% vs market
ABBOTINDIA · Jan 2025: −0.7% vs market
PGHL · Oct 2025: +0.1% vs market
TECHM · Jan 2020: +2.0% vs market
INGERRAND · Jul 2020: +3.9% vs market
FDC · Apr 2023: +4.0% vs market
SONATSOFTW · Feb 2020: +4.8% vs market
JBCHEPHARM · Feb 2023: +6.0% vs market
RATNAMANI · Oct 2020: +6.0% vs market
RITES · Oct 2022: +6.5% vs market
FINEORG · Sep 2025: +14.1% vs market
AJANTPHARM · Apr 2023: +14.2% vs market
CAPLIPOINT · Jul 2023: +17.5% vs market
ZYDUSWELL · Aug 2025: +22.0% vs market
CUMMINSIND · Sep 2022: +22.2% vs market
BOSCHLTD · Nov 2023: +25.2% vs market
EICHERMOT · Oct 2024: +39.6% vs market
DHANUKA · Jun 2023: +43.9% vs market
BAJAJ-AUTO · Jan 2023: +44.4% vs market
SUPREMEIND · Dec 2022: +46.0% vs market
BEL · Mar 2022: +46.2% vs market
MPHASIS · Mar 2020: +57.1% vs market
CARBORUNIV · Nov 2020: +87.5% vs market
OFSS · Aug 2023: +92.8% vs market
VEEDOL · Jul 2020: +134.8% vs market
PERSISTENT · May 2020: +177.8% vs market
Similar setups −1.3%All companies −3.1%← 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
−1.3%
All companies' median
−3.1%
Beat the market
48% vs 47%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
CIPLA
Health Technology		 Jul 2025 24x23% +1%−8% −10%
OFSS
Technology Services		 Aug 2023 17x35% +32%0% +93%
SKFINDIA
Producer Manufacturing		 Jul 2023 23x34% +27%0% −29%
BAJAJ-AUTO
Consumer Durables		 Jan 2023 18x23% +7%−7% +44%
DRREDDY
Health Technology		 Jul 2023 21x27% +38%0% −19%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PERSISTENT
Technology Services		 May 2020 12x20% −10%−29% +178%
EICHERMOT
Consumer Durables		 Oct 2024 32x31% +49%−3% +40%
SANOFI
Health Technology		 Jun 2025 35x49% −2%−14% −47%
How reliable is this?

Matched on P/E, P/S, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: debt/equity, 12-month momentum and drawdown from 12-month high. Not used (unavailable for this company): ROCE. 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 CASTROL INDIA 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 else looks like this?

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

ATULATUL
Process Industries
82%similar
debt/equityrevenue
EMAMIEMAMILTD
Consumer Non-Durables
75%similar
market capvolatility
INDIAN RAIL CAT AND TOUR IRCTCIRCTC
Consumer Services
67%similar
volatilitydebt/equity
CONTAINER CORPORATION OF INDIACONCOR
Transportation
66%similar
revenuemarket cap
NATCO PHARMANATCOPHARM
Health Technology
64%similar
revenue growthoperating margin
COAL INDIACOALINDIA
Energy Minerals
54%similar
operating marginvolatility
RELIANCE INDUSTRIESRELIANCE
Energy Minerals
39%similar
promoter holdingrevenue growth
OIL INDIAOIL
Energy Minerals
30%similar
market cappromoter holding

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

What changed?

30 events since Mar '22

  1. SepPeer rankMoved into the 2nd quartile of Energy Minerals on EPS growth (from the 3rd quartile).
  2. AugPriceVolume reached 15.1x its 50-day median on 2026-08-05; price +2.4% that day.
  3. JunPeer rankMoved into the top quartile of Energy Minerals on operating margin (from the 2nd quartile).
  4. AprPeer rankSlipped to the 2nd quartile of Energy Minerals on operating margin (from the top quartile).
  5. DecPriceVolume reached 49.6x its 50-day median on 2025-12-24; price +1.9% that day.
  6. JulPriceVolume reached 13.2x its 50-day median on 2025-07-14; price +1.3% that day.
  7. MayPriceVolume reached 7.7x its 50-day median on 2025-05-29; price +5.7% that day.
  8. MarPriceVolume reached 25.0x its 50-day median on 2025-03-06; price +10.6% that day.
Show 22 earlier events
  1. JanPriceFell 38% from the Aug 2024 peak to the Jan 2025 low.
  2. DecPriceVolume reached 9.5x its 50-day median on 2024-12-05; price +5.8% that day.
  3. SepResultsRevenue (TTM) reached a new high of ₹5,170 cr.
  4. SepPeer rankMoved into the 2nd quartile of Energy Minerals on EPS growth (from the 3rd quartile).
  5. JulValuationP/E crossed above the 90th percentile of its own history to date (28.2x).
  6. JulPriceVolume reached 39.6x its 50-day median on 2024-07-03; price +13.5% that day.
  7. AprPriceVolume reached 6.7x its 50-day median on 2024-04-09; price +7.7% that day.
  8. MarResultsRevenue (TTM) reached a new high of ₹5,075 cr.
  9. JanValuationP/E crossed above the 90th percentile of its own history to date (22.5x).
  10. JanPriceVolume reached 19.9x its 50-day median on 2024-01-01; price +6.7% that day.
  11. DecPriceRegained the 2019-04 peak, 45 months after the low.
  12. DecPriceVolume reached 36.2x its 50-day median on 2023-12-26; price +12.3% that day.
  13. JulPriceVolume reached 10.9x its 50-day median on 2023-07-11; price +5.6% that day.
  14. JunPriceVolume reached 7.2x its 50-day median on 2023-06-13; price +2.0% that day.
  15. MarResultsRevenue (TTM) reached a new high of ₹4,774 cr.
  16. MarValuationP/E fell below the 10th percentile of its own history to date (12.7x).
  17. MarPeer rankSlipped to the 3rd quartile of Energy Minerals on EPS growth (from the 2nd quartile).
  18. OctPriceVolume reached 6.7x its 50-day median on 2022-10-10; price +3.2% that day.
  19. SepPriceVolume reached 7.0x its 50-day median on 2022-09-12; price +3.4% that day.
  20. MarResultsYear-on-year EPS growth turned positive.
  21. MarValuationP/E fell below the 10th percentile of its own history to date (12.4x).
  22. MarPeer rankMoved into the 2nd quartile of Energy Minerals on EPS growth (from the 3rd 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
2026-1117.7x₹6219 cr55.6%—0.0x
2026-1017.5x₹6219 cr55.7%—0.0x
2026-0918.7x₹6219 cr55.7%—0.0x
2026-0819.0x₹5845 cr50.4%60.0%0.0x
2026-0718.5x₹5845 cr50.4%60.0%0.0x
2026-0618.4x₹5845 cr50.4%60.0%0.0x
2026-0518.5x₹5722 cr50.0%60.0%0.0x
2026-0418.6x₹5722 cr50.0%60.0%0.0x
2026-0317.5x₹5722 cr50.0%60.0%0.0x
2026-0217.8x₹5636 cr42.8%55.0%0.0x
2026-0117.5x₹5636 cr42.8%55.0%0.0x
2025-1218.3x₹5636 cr42.8%55.0%0.0x
2025-1118.7x₹5561 cr41.9%55.0%0.0x
2025-1019.0x₹5561 cr41.9%55.0%0.0x
2025-0919.4x₹5561 cr41.9%55.0%0.0x
2025-0819.4x₹5462 cr41.4%55.0%0.0x
2025-0721.5x₹5462 cr41.4%55.0%0.0x
2025-0621.8x₹5462 cr41.4%55.0%0.0x
2025-0521.7x₹5365 cr40.6%55.0%0.0x
2025-0419.8x₹5365 cr40.6%55.0%0.0x
2025-0320.4x₹5365 cr40.6%55.0%0.0x
2025-0222.0x₹5275 cr42.3%57.0%0.0x
2025-0118.4x₹5275 cr42.3%57.0%0.0x
2024-1220.4x₹5275 cr42.3%57.0%0.0x
2024-1121.1x₹5170 cr41.7%57.0%0.0x
2024-1022.1x₹5170 cr41.7%57.0%0.0x
2024-0925.8x₹5170 cr41.7%57.0%0.0x
2024-0828.5x₹5075 cr40.7%57.0%0.0x
2024-0728.2x₹5075 cr40.7%57.0%0.0x
2024-0621.6x₹5075 cr40.7%57.0%0.0x
2024-0521.0x₹5075 cr40.7%57.0%0.0x
2024-0422.7x₹5075 cr40.7%57.0%0.0x
2024-0320.0x₹5075 cr40.7%57.0%0.0x
2024-0223.8x₹4774 cr43.2%61.0%0.0x
2024-0122.5x₹4774 cr43.2%61.0%0.0x
2023-1220.5x₹4774 cr43.2%61.0%0.0x
2023-1115.8x₹4774 cr43.2%61.0%0.0x
2023-1015.5x₹4774 cr43.2%61.0%0.0x
2023-0915.8x₹4774 cr43.2%61.0%0.0x
2023-0816.5x₹4774 cr43.2%61.0%0.0x
2023-0716.5x₹4774 cr43.2%61.0%0.0x
2023-0613.8x₹4774 cr43.2%61.0%0.0x
2023-0512.8x₹4774 cr43.2%61.0%0.0x
2023-0413.7x₹4774 cr43.2%61.0%0.0x
2023-0312.7x₹4774 cr43.2%61.0%0.0x
2023-0214.1x₹4192 cr46.1%67.0%0.0x
2023-0114.5x₹4192 cr46.1%67.0%0.0x
2022-1215.1x₹4192 cr46.1%67.0%0.0x
2022-1116.1x₹4192 cr46.1%67.0%0.0x
2022-1015.3x₹4192 cr46.1%67.0%0.0x
2022-0913.8x₹4192 cr46.1%67.0%0.0x
2022-0814.0x₹4192 cr46.1%67.0%0.0x
2022-0714.0x₹4192 cr46.1%67.0%0.0x
2022-0612.7x₹4192 cr46.1%67.0%0.0x
2022-0513.3x₹4192 cr46.1%67.0%0.0x
2022-0413.3x₹4192 cr46.1%67.0%0.0x
2022-0312.4x₹4192 cr46.1%67.0%0.0x
2022-0217.2x₹2997 cr41.2%57.0%0.0x
2022-0119.9x₹2997 cr41.2%57.0%0.0x
2021-1219.6x₹2997 cr41.2%57.0%0.0x
2021-1120.6x₹2997 cr41.2%57.0%0.0x
2021-1022.1x₹2997 cr41.2%57.0%0.0x
2021-0922.4x₹2997 cr41.2%57.0%0.0x
2021-0821.4x₹2997 cr41.2%57.0%0.0x
2021-0722.1x₹2997 cr41.2%57.0%0.0x
2021-0622.9x₹2997 cr41.2%57.0%0.0x
2021-0521.4x₹2997 cr41.2%57.0%0.0x
2021-0420.1x₹2997 cr41.2%57.0%0.0x
2021-0320.0x₹2997 cr41.2%57.0%0.0x
2021-0214.6x₹3877 cr60.5%91.0%0.0x
2021-0114.4x₹3877 cr60.5%91.0%0.0x
2020-1213.8x₹3877 cr60.5%91.0%0.0x
2020-1114.1x₹3877 cr60.5%91.0%0.0x
2020-1012.8x₹3877 cr60.5%91.0%0.0x
2020-0912.3x₹3877 cr60.5%91.0%0.0x
2020-0813.5x₹3877 cr60.5%91.0%0.0x
2020-0712.8x₹3877 cr60.5%91.0%0.0x
2020-0614.1x₹3877 cr60.5%91.0%0.0x
2020-0513.0x₹3877 cr60.5%91.0%0.0x
2020-0414.6x₹3877 cr60.5%91.0%0.0x
2020-0311.2x₹3877 cr60.5%91.0%0.0x
2020-0219.3x₹3905 cr60.7%101.0%0.0x
2020-0117.7x₹3905 cr60.7%101.0%0.0x
2019-1217.0x₹3905 cr60.7%101.0%0.0x
2019-1118.5x₹3905 cr60.7%101.0%0.0x
2019-1020.0x₹3905 cr60.7%101.0%0.0x
2019-0917.9x₹3905 cr60.7%101.0%0.0x
2019-0816.1x₹3905 cr60.7%101.0%0.0x
2019-0715.9x₹3905 cr60.7%101.0%0.0x
2019-0617.4x₹3905 cr60.7%101.0%0.0x
2019-0519.3x₹3905 cr60.7%101.0%0.0x
2019-0420.0x₹3905 cr60.7%101.0%0.0x
2019-0321.9x₹3905 cr60.7%101.0%0.0x
2019-0220.8x₹3584 cr67.8%105.0%0.0x
2019-0121.3x₹3584 cr67.8%105.0%0.0x

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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