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CHAMAN LAL SETIA EXPORTS LTD (CLSEL)

Process Industries · Agricultural Commodities/Milling · 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.72 / 100
Profitability 67Growth 49Balance 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.61 / 100
Price 74Earnings 68FII/DII 40

Passes these screensDebt-light & profitable

Compare withPATANJALI FOODSGODREJ INDUSTRIESAWL AGRI BUSINESS

Share price

Closing priceAdjusted for splits and bonus issues.

₹290.35 latest close · −0.3% over the last 90 sessions

₹260₹280₹300₹320Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹260₹280₹300₹320Jul 3Sep 4Nov 9

₹290.35 month-end · +13.8% over 12 months

₹200₹250₹300Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹200₹250₹300Nov '25May '26Nov '26

₹290.35 month-end · +27.5% over 3 years

₹200₹300₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹300₹400Nov '23May '25Nov '26

₹290.35 month-end · +123.6% since May '21

₹200₹400May '21Jun '22Jul '23Sep '24Oct '25Nov '26 ₹200₹400May '21Feb '24Nov '26

52-week range ₹203.75 to ₹324.80 · 1-year volatility 42.7%

Was the rally earned?

+14%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 22 points, but investors now pay less per rupee of profit (P/E 12.4x to 11.5x), which took 8 points back.
  • The share count barely moved.
Net profit growth: +21 pts. Points of the price return explained by net profit growing (or shrinking).+21 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: +14%+14%Share priceNet profit growth: +21 pts. Points of the price return explained by net profit growing (or shrinking).+21ProfitP/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: +14%+14%Share price
Net profit growth+21 ptsNet profit rose about 22%, which lifts the price.
P/E change-8 ptsThe P/E fell from 12.4x to 11.5x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+28%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 11 points and the multiple added 16 points (P/E 10.0x to 11.5x).
  • The share count fell 4%.
Net profit growth: +7 pts. Points of the price return explained by net profit growing (or shrinking).+7 ptsNet profit growthP/E change: +16 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+16 ptsP/E changeShare count change: +5 pts. Points of the price return explained by the share count changing. More shares count against the price.+5 ptsShare count changeShare price: +28%+28%Share priceNet profit growth: +7 pts. Points of the price return explained by net profit growing (or shrinking).+7ProfitP/E change: +16 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+16P/EShare count change: +5 pts. Points of the price return explained by the share count changing. More shares count against the price.+5SharesShare price: +28%+28%Share price
Net profit growth+7 ptsNet profit rose about 6%, which lifts the price.
P/E change+16 ptsThe P/E rose from 10.0x to 11.5x, which lifts the price.
Share count change+5 ptsShare count fell 4%, which lifts the price.
+212%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 86 points and the multiple added 126 points (P/E 5.9x to 11.5x).
  • The share count fell 4%.
Net profit growth: +79 pts. Points of the price return explained by net profit growing (or shrinking).+79 ptsNet profit growthP/E change: +126 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+126 ptsP/E changeShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7 ptsShare count changeShare price: +212%+212%Share priceNet profit growth: +79 pts. Points of the price return explained by net profit growing (or shrinking).+79ProfitP/E change: +126 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+126P/EShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7SharesShare price: +212%+212%Share price
Net profit growth+79 ptsNet profit rose about 53%, which lifts the price.
P/E change+126 ptsThe P/E rose from 5.9x to 11.5x, which lifts the price.
Share count change+7 ptsShare count fell 4%, which lifts 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 PATANJALI FOODS

How rough has the ride been?

Maximum drawdown-52.1%not yet recovered
1-year volatility42.7%annualised
Beta vs sector index1.273-year daily, correlation 0.49
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%20222023202420252026−49.4% 0%−20%−40%202220242026−49.4%
Largest drawdowns

-52.1% (2024-12 peak to 2026-03 low, not yet recovered)

-44.4% (2021-07 peak to 2022-02 low, recovered 2023-02)

-25.6% (2024-02 peak to 2024-06 low, recovered 2024-09)

Most recent volume spikes

2026-08-25: 9.7x the 50-day median, price +2.0% that day

2026-08-24: 45.6x the 50-day median, price +8.5% 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?

11.5xP/E todayWithin its usual range
Against its own history58th percentile
CheapestMedian 10.4xDearest

Usual range 7.3x to 15.1x since 2021-05.

Against Process Industries11.5x vs 18.1x
This company
11.5x
Sector median
18.1x

36% below the Process Industries median.

5.7x14.7x23.7x32.7xMay '21Jul '22Sep '23Nov '24Jan '26Nov '265.7x14.7x23.7x32.7xMay '21Mar '23Jan '25Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

  • ROCE76th▲ 3 pts vs a year ago
  • Op. margin58th▲ 8 pts vs a year ago
  • Revenue growth38th▲ 14 pts vs a year ago
  • EPS growth62nd▲ 21 pts vs a year ago
  • Debt/equity ↓77th▲ 8 pts vs a year ago
  • Cash cycle ↓20thflat vs a year ago
  • P/E ↓72nd▼ 6 pts vs a year ago
  • 12M momentum74th▲ 30 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 Process Industries sector page Watch it move against Process Industries in the Observatory

What is the price implying?

~10%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 13.9x, a holder earning 12%/yr needs earnings to grow about 10.4%/yr for 10 years, then trade at 15x.

Delivered16.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−6.0 ptsimplied minus delivered
Rank647thmost demanding of 856

Over time

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

0%9%18% Jun 2020Nov 2026 0%9%18% Jun 2020Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x11.8%12.8%13.8%
15x9.4%10.4%11.4%
20x6.4%7.4%8.4%

Drag a slider to test other assumptions

Implied: 10.4%/yr

Looking back

  • Jan 2022Price implied 8%/yr; EPS has since grown 7%/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 Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹290.35
P/E
11.5x
ROCE
18.0%
Market Cap
₹1446 cr
Revenue (TTM)
₹1478 cr
P/S
1.0x
P/B
1.7x
ROE
15.0%
Operating Margin
13.0%
Debt / Equity
0.1x
Promoter Holding
74.0%
12M Momentum
13.8%

52-week range

₹203.75₹324.80
72% of the way from its 52-week low to its high

Price risk

1Y volatility
42.7%
Beta vs sector
1-year daily
1.49

Balance sheet & cash

Interest cover
operating profit ÷ interest
19.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.26x
low
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range1 beyond a threshold
Other income reliance7%Within range

Other income as a share of pre-tax profit (trailing twelve months): 6.5%. 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 conversion0.26xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.26x (cash from operations ₹86 cr, net profit ₹334 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+5 daysWithin range

Debtor days are above the median of the previous three fiscal years by 5 days (59 vs 54). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

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 3 years, FIIs added 1.6 pts; DIIs added 1.2 pts.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters73.9%74.0%+0.2 pts
FIIs1.7%3.3%+1.6 pts
DIIs0.4%1.6%+1.2 pts
Public and others24.0%21.1%-2.9 pts

Number of shareholders

27,647shareholders+3% since Sep '23
27k29k31k33k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 26,740
Dec '23: 26,631
Mar '24: 33,298
Jun '24: 33,296
Sep '24: 31,944
Dec '24: 28,702
Mar '25: 27,817
Jun '25: 27,642
Sep '25: 29,463
Dec '25: 28,474
Mar '26: 27,693
Jun '26: 27,647
 27k29k31k33k Sep '23Sep '24Sep '25Jun '26
Sep '23: 26,740
Dec '23: 26,631
Mar '24: 33,298
Jun '24: 33,296
Sep '24: 31,944
Dec '24: 28,702
Mar '25: 27,817
Jun '25: 27,642
Sep '25: 29,463
Dec '25: 28,474
Mar '26: 27,693
Jun '26: 27,647

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

+7.0%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 CHAMAN LAL SETIA EXPORTS 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 −13% to +35% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (+8.5%, 80% range −0.8% to +12.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
GAEL · Nov 2023: −48.3% vs market
GTPL · Dec 2023: −39.0% vs market
KIRLOSENG · May 2021: −38.6% vs market
EXPLEOSOL · Jun 2025: −37.8% vs market
INSECTICID · Jun 2025: −31.9% vs market
PTL · Oct 2023: −30.5% vs market
LINC · Jun 2025: −27.9% vs market
DALMIASUG · Oct 2023: −27.2% vs market
KITEX · Jan 2020: −26.7% vs market
MALLCOM · Nov 2024: −20.5% vs market
EKC · Aug 2024: −19.9% vs market
BLISSGVS · Jul 2023: −17.0% vs market
GULFOILLUB · Feb 2025: −13.0% vs market
LUMAXTECH · Sep 2020: −12.7% vs market
PDMJEPAPER · Jun 2021: −10.8% vs market
LGBBROSLTD · Mar 2024: −9.5% vs market
BANCOINDIA · Nov 2020: −6.7% vs market
ALBERTDAVD · Nov 2023: −5.6% vs market
SURYAROSNI · Aug 2023: −3.4% vs market
KRBL · May 2025: −2.9% vs market
IMFA · Jan 2024: −1.3% vs market
SPAL · Jul 2024: +0.1% vs market
VSSL · Sep 2024: +2.0% vs market
PCBL · Dec 2020: +3.2% vs market
ANDHRSUGAR · Oct 2021: +6.4% vs market
ORIENTCEM · May 2023: +7.6% vs market
GNA · Jan 2021: +8.7% vs market
MAITHANALL · Aug 2020: +11.9% vs market
EVERESTIND · Feb 2022: +12.8% vs market
KSL · Feb 2020: +12.9% vs market
GIPCL · Sep 2023: +14.4% vs market
GPIL · Mar 2024: +14.8% vs market
LINCOLN · Apr 2020: +15.4% vs market
DATAMATICS · Apr 2023: +17.0% vs market
FIEMIND · Jul 2020: +23.7% vs market
GHCL · Feb 2022: +25.7% vs market
HERITGFOOD · Apr 2023: +33.0% vs market
TNPETRO · Apr 2021: +35.0% vs market
NIITLTD · Feb 2020: +44.1% vs market
TALBROAUTO · Sep 2025: +45.5% vs market
STYRENIX · Jun 2024: +46.6% vs market
AARTIPHARM · Jul 2024: +53.0% vs market
KIRLOSIND · Jun 2020: +57.3% vs market
DLINKINDIA · Aug 2022: +62.6% vs market
MARKSANS · Jan 2023: +74.0% vs market
GRWRHITECH · Aug 2023: +93.5% vs market
SHRIPISTON · Dec 2022: +99.2% vs market
POLYPLEX · Mar 2021: +127.4% vs market
MANALIPETC · Aug 2020: +129.6% vs market
GOLDIAM · Dec 2020: +162.3% vs market
Similar setups +7.0%All companies −1.5%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
+7.0%
All companies' median
−1.5%
Beat the market
58% vs 48%

50 past situations · 50 companies · 38 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TNPETRO
Process Industries		 Apr 2021 10x18% +126%−2% +35%
KSL
Non-Energy Minerals		 Feb 2020 7x20% +8%−22% +13%
INSECTICID
Process Industries		 Jun 2025 20x17% +40%−4% −32%
DATAMATICS
Technology Services		 Apr 2023 13x22% +14%−3% +17%
FIEMIND
Producer Manufacturing		 Jul 2020 7x16% +14%−18% +24%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BANCOINDIA
Producer Manufacturing		 Nov 2020 12x13% +36%−2% −7%
IMFA
Non-Energy Minerals		 Jan 2024 16x18% +129%0% −1%
MANALIPETC
Process Industries		 Aug 2020 9x14% +39%−9% +130%
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, P/S 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 CHAMAN LAL SETIA EXPORTS 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.

EVEREST KANTO CYLINDERSEKC
Producer Manufacturing
66%similar
revenueoperating margin
EXPLEO SOLUTIONSEXPLEOSOL
Technology Services
66%similar
market capP/E
G N A AXLESGNA
Producer Manufacturing
66%similar
revenuerevenue growth
TCI EXPRESSTCIEXP
Transportation
66%similar
debt/equityvolatility
BUTTERFLY GANDHIMATHI APPLIANCBUTTERFLY
Consumer Durables
65%similar
ROCEmarket cap
BHARAT RASAYANBHARATRAS
Process Industries
75%similar
P/EEPS growth
PUDUMJEE PAPER PRODUCTSPDMJEPAPER
Process Industries
67%similar
ROCErevenue growth
INDIA PESTICIDESIPL
Process Industries
62%similar
market capP/E

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

What changed?

30 events since Aug '23

  1. AugPriceVolume reached 45.6x its 50-day median on 2026-08-24; price +8.5% that day.
  2. JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 2nd quartile).
  3. JunPriceVolume reached 243.0x its 50-day median on 2026-06-12; price +13.2% that day.
  4. MarResultsYear-on-year EPS growth turned positive.
  5. MarPriceFell 52% from the Dec 2024 peak to the Mar 2026 low.
  6. MarPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
  7. FebPriceVolume reached 209.2x its 50-day median on 2026-02-13; price +6.1% that day.
  8. DecPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
Show 22 earlier events
  1. OctPriceVolume reached 8.4x its 50-day median on 2025-10-24; price +3.2% that day.
  2. SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
  3. SepPriceVolume reached 9.3x its 50-day median on 2025-09-17; price +1.7% that day.
  4. AugPeer rankSlipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).
  5. JunPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  6. JunPriceVolume reached 11.3x its 50-day median on 2025-06-27; price +6.3% that day.
  7. MarValuationP/E crossed above the 90th percentile of its own history to date (15.5x).
  8. MarPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  9. DecPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
  10. DecPriceVolume reached 14.0x its 50-day median on 2024-12-17; price +8.2% that day.
  11. SepResultsRevenue (TTM) reached a new high of ₹1,456 cr.
  12. SepPriceRegained the 2024-02 peak, 3 months after the low.
  13. SepValuationP/E crossed above the 90th percentile of its own history to date (14.2x).
  14. SepPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  15. JulPriceVolume reached 31.4x its 50-day median on 2024-07-09; price +7.8% that day.
  16. JunResultsYear-on-year EPS growth turned negative.
  17. JunPriceFell 26% from the Feb 2024 peak to the Jun 2024 low.
  18. JunPeer rankSlipped to the 2nd quartile of Process Industries on EPS growth (from the top quartile).
  19. MayPriceVolume reached 8.6x its 50-day median on 2024-05-29; price -7.4% that day.
  20. FebPriceVolume reached 15.7x its 50-day median on 2024-02-19; price +12.8% that day.
  21. DecPriceVolume reached 7.1x its 50-day median on 2023-12-29; price +6.0% that day.
  22. AugPriceVolume reached 19.3x its 50-day median on 2023-08-17; price +13.4% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history67 months · 2021-05 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1111.5x₹1478 cr15.0%18.0%0.1x
2026-1010.3x₹1478 cr14.9%18.0%0.1x
2026-0911.3x₹1478 cr14.9%18.0%0.1x
2026-0813.0x₹1439 cr13.7%18.0%0.1x
2026-0712.4x₹1439 cr13.7%18.0%0.1x
2026-0612.4x₹1439 cr13.7%18.0%0.1x
2026-0513.9x₹1379 cr13.9%17.0%0.2x
2026-0413.8x₹1379 cr13.9%17.0%0.2x
2026-0310.1x₹1379 cr13.9%17.0%0.2x
2026-0214.2x₹1343 cr13.0%17.0%0.2x
2026-0112.9x₹1343 cr13.0%17.0%0.2x
2025-1213.9x₹1343 cr13.0%17.0%0.2x
2025-1112.4x₹1439 cr14.1%17.0%0.2x
2025-1013.4x₹1439 cr14.1%17.0%0.2x
2025-0912.8x₹1439 cr14.1%17.0%0.2x
2025-0813.6x₹1495 cr14.2%17.0%0.2x
2025-0715.6x₹1495 cr14.2%17.0%0.2x
2025-0618.6x₹1495 cr14.2%17.0%0.2x
2025-0517.2x₹1511 cr14.3%20.0%0.2x
2025-0415.5x₹1511 cr14.3%20.0%0.2x
2025-0315.5x₹1511 cr14.3%20.0%0.2x
2025-0212.5x₹1516 cr15.7%20.0%0.2x
2025-0114.7x₹1516 cr15.7%20.0%0.2x
2024-1219.7x₹1516 cr15.7%20.0%0.2x
2024-1115.8x₹1456 cr15.5%20.0%0.2x
2024-1014.7x₹1456 cr15.5%20.0%0.2x
2024-0914.2x₹1456 cr15.5%20.0%0.2x
2024-0810.4x₹1356 cr16.1%20.0%0.2x
2024-0710.2x₹1356 cr16.1%20.0%0.2x
2024-069.2x₹1356 cr16.1%20.0%0.2x
2024-059.1x₹1387 cr19.4%26.0%0.2x
2024-049.9x₹1387 cr19.4%26.0%0.2x
2024-038.9x₹1387 cr19.4%26.0%0.2x
2024-0210.1x₹1387 cr19.4%26.0%0.2x
2024-0111.1x₹1387 cr19.4%26.0%0.2x
2023-1210.9x₹1387 cr19.4%26.0%0.2x
2023-1110.0x₹1387 cr19.4%26.0%0.2x
2023-109.6x₹1387 cr19.4%26.0%0.2x
2023-0910.3x₹1387 cr19.4%26.0%0.2x
2023-089.0x₹1387 cr19.4%26.0%0.2x
2023-078.1x₹1387 cr19.4%26.0%0.2x
2023-067.6x₹1387 cr19.4%26.0%0.2x
2023-0513.4x₹932 cr15.9%19.0%0.3x
2023-0414.9x₹932 cr15.9%19.0%0.3x
2023-0313.7x₹932 cr15.9%19.0%0.3x
2023-0212.1x₹932 cr15.9%19.0%0.3x
2023-0110.4x₹932 cr15.9%19.0%0.3x
2022-1210.4x₹932 cr15.9%19.0%0.3x
2022-1110.0x₹932 cr15.9%19.0%0.3x
2022-109.0x₹932 cr15.9%19.0%0.3x
2022-098.5x₹932 cr15.9%19.0%0.3x
2022-088.5x₹932 cr15.9%19.0%0.3x
2022-078.4x₹932 cr15.9%19.0%0.3x
2022-067.6x₹932 cr15.9%19.0%0.3x
2022-056.4x₹851 cr23.5%30.0%0.3x
2022-048.0x₹851 cr23.5%30.0%0.3x
2022-036.2x₹851 cr23.5%30.0%0.3x
2022-025.7x₹851 cr23.5%30.0%0.3x
2022-016.5x₹851 cr23.5%30.0%0.3x
2021-126.1x₹851 cr23.5%30.0%0.3x
2021-115.9x₹851 cr23.5%30.0%0.3x
2021-107.1x₹851 cr23.5%30.0%0.3x
2021-097.8x₹851 cr23.5%30.0%0.3x
2021-087.5x₹851 cr23.5%30.0%0.3x
2021-079.2x₹851 cr23.5%30.0%0.3x
2021-068.0x₹851 cr23.5%30.0%0.3x
2021-0512.8x₹798 cr19.0%23.0%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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