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DHAMPUR SUGAR MILLS LTD (DHAMPURSUG)

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.24 / 100
Profitability 25Growth 14Balance sheet 32
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.69 / 100
Price 72Earnings 64FII/DII 72

Passes these screensCash Rich

Compare withPATANJALI FOODSGODREJ INDUSTRIESAWL AGRI BUSINESS

Share price

Closing priceAdjusted for splits and bonus issues.

₹164.36 latest close · +15.0% over the last 90 sessions

₹150₹175₹200Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹150₹175₹200Jul 3Sep 4Nov 9

₹164.36 month-end · +30.1% over 12 months

₹120₹140₹160₹180Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹120₹140₹160₹180Nov '25May '26Nov '26

₹164.36 month-end · −40.0% over 3 years

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

₹164.36 month-end · −1.3% since Jan '19

₹200₹400Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹200₹400Jan '19Dec '22Nov '26

52-week range ₹110.00 to ₹219.70 · 1-year volatility 41.5%

Was the rally earned?

+30%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 37 points, but investors now pay less per rupee of profit (P/E 16.0x to 15.0x), which took 7 points back.
  • The share count fell 2%.
Net profit growth: +35 pts. Points of the price return explained by net profit growing (or shrinking).+35 ptsNet profit growthP/E change: −7 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−7 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: +30%+30%Share priceNet profit growth: +35 pts. Points of the price return explained by net profit growing (or shrinking).+35ProfitP/E change: −7 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−7P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: +30%+30%Share price
Net profit growth+35 ptsNet profit rose about 36%, which lifts the price.
P/E change-7 ptsThe P/E fell from 16.0x to 15.0x, which lowers the price.
Share count change+3 ptsShare count fell 2%, which lifts the price.
-40%share price, 3 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 61 points, while the multiple moved less (P/E 11.5x to 15.0x).
  • The share count fell 4%.
Net profit growth: −64 pts. Points of the price return explained by net profit growing (or shrinking).−64 ptsNet profit growthP/E change: +21 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+21 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: −40%−40%Share priceNet profit growth: −64 pts. Points of the price return explained by net profit growing (or shrinking).−64ProfitP/E change: +21 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+21P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: −40%−40%Share price
Net profit growth-64 ptsNet profit fell about 56%, which lowers the price.
P/E change+21 ptsThe P/E rose from 11.5x to 15.0x, which lifts the price.
Share count change+3 ptsShare count fell 4%, which lifts the price.
-41%share price, 5 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 89 points, while the multiple moved less (P/E 8.0x to 15.0x).
  • The share count fell 3%.
Net profit growth: −92 pts. Points of the price return explained by net profit growing (or shrinking).−92 ptsNet profit growthP/E change: +49 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+49 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: −41%−41%Share priceNet profit growth: −92 pts. Points of the price return explained by net profit growing (or shrinking).−92ProfitP/E change: +49 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+49P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: −41%−41%Share price
Net profit growth-92 ptsNet profit fell about 69%, which lowers the price.
P/E change+49 ptsThe P/E rose from 8.0x to 15.0x, which lifts the price.
Share count change+3 ptsShare count fell 3%, 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-80.6%not yet recovered
1-year volatility41.5%annualised
Beta vs sector index1.113-year daily, correlation 0.50
Volume spikes14last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−80.3% 0%−25%−50%−75%2020202220242026−80.3%
Largest drawdowns

-80.6% (2022-04 peak to 2026-01 low, not yet recovered)

-72.2% (2019-03 peak to 2020-03 low, recovered 2021-05)

-29.7% (2021-07 peak to 2021-11 low, recovered 2022-01)

Most recent volume spikes

2026-10-06: 6.1x the 50-day median, price +6.8% that day

2026-08-31: 9.4x the 50-day median, price +2.3% that day

2026-08-27: 5.2x the 50-day median, price -6.9% 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?

15.0xP/E todayNear its historic high
Against its own history86th percentile
CheapestMedian 10.6xDearest

Usual range 4.4x to 15.5x since 2019-01.

Against Process Industries15.0x vs 18.1x
This company
15.0x
Sector median
18.1x

17% below the Process Industries median.

2.2x12.4x22.5x32.7xJan '19Aug '20Mar '22Oct '23May '25Nov '262.2x12.4x22.5x32.7xJan '19Sep '21May '24Nov '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

  • ROCE26th▲ 3 pts vs a year ago
  • Op. margin25th▲ 4 pts vs a year ago
  • Revenue growth34th▼ 10 pts vs a year ago
  • EPS growth73rd▲ 53 pts vs a year ago
  • Debt/equity ↓27thflat vs a year ago
  • Cash cycle ↓23rd▲ 6 pts vs a year ago
  • P/E ↓60th▼ 4 pts vs a year ago
  • 12M momentum82nd▲ 53 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?

~5%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 9.6x, a holder earning 12%/yr needs earnings to grow about 5.3%/yr for 10 years, then trade at 15x.

Delivered−12.1%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+17.4 ptsimplied minus delivered
Rank192ndmost demanding of 856

Over time

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

-12%12%36% Jan 2019Nov 2026 -12%12%36% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x6.5%7.5%8.5%
15x4.4%5.3%6.3%
20x1.7%2.6%3.5%

Drag a slider to test other assumptions

Implied: 5.3%/yr

Looking back

  • Jan 2020Price implied 7%/yr; EPS has since grown −17%/yr (7.0 yrs)
  • Jan 2021Price implied 1%/yr; EPS has since grown −18%/yr (6.0 yrs)
  • Jan 2022Price implied 8%/yr; EPS has since grown −22%/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
₹164.36
P/E
15.0x
ROCE
6.0%
Market Cap
₹1054 cr
Revenue (TTM)
₹1999 cr
P/S
0.5x
P/B
0.9x
ROE
5.9%
Operating Margin
5.7%
Debt / Equity
0.8x
Promoter Holding
49.9%
12M Momentum
30.1%

52-week range

₹110.00₹219.70
50% of the way from its 52-week low to its high

Price risk

1Y volatility
41.5%
Beta vs sector
1-year daily
0.63

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.55x
Share count, 1Y
-1.5%

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance23%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 22.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 27.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.55xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.55x (cash from operations ₹391 cr, net profit ₹252 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-7 daysWithin range

Debtor days are below the median of the previous three fiscal years by 7 days (21 vs 28). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+12 days / 2 yrsWithin range

Days payable changed by +12 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 trimmed 5.6 pts; promoters added 0.8 pts; DIIs added 0.7 pts.
  • The number of shareholders rose from 72,719 to 84,980 (+17%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters49.1%49.9%+0.8 pts
FIIs7.6%1.9%-5.6 pts
DIIs0.5%1.1%+0.7 pts
Public and others42.9%47.0%+4.2 pts

Number of shareholders

84,980shareholders+17% since Sep '23
73k80k88k95k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 72,719
Dec '23: 79,510
Mar '24: 85,141
Jun '24: 90,194
Sep '24: 93,555
Dec '24: 95,019
Mar '25: 93,875
Jun '25: 92,063
Sep '25: 90,737
Dec '25: 88,579
Mar '26: 86,339
Jun '26: 84,980
 73k80k88k95k Sep '23Sep '24Sep '25Jun '26
Sep '23: 72,719
Dec '23: 79,510
Mar '24: 85,141
Jun '24: 90,194
Sep '24: 93,555
Dec '24: 95,019
Mar '25: 93,875
Jun '25: 92,063
Sep '25: 90,737
Dec '25: 88,579
Mar '26: 86,339
Jun '26: 84,980

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

+0.1%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 DHAMPUR SUGAR MILLS 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 −19% to +34% vs the market, against −6% for all non-financial companies in the same months.
  • The gap against the base rate (+5.6%, 80% range −6.9% to +8.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
JINDALPOLY · Dec 2024: −50.3% vs market
JAYBARMARU · Feb 2024: −46.8% vs market
AVADHSUGAR · Nov 2023: −41.5% vs market
BCLIND · Dec 2023: −35.3% vs market
ASAHISONG · Aug 2024: −35.1% vs market
RCF · Oct 2025: −33.7% vs market
RAIN · Sep 2021: −32.4% vs market
EUROBOND · Oct 2025: −29.6% vs market
ELGIRUBCO · Oct 2024: −27.6% vs market
BANSWRAS · Mar 2020: −24.1% vs market
BIL · May 2021: −22.3% vs market
MUNJALAU · Jan 2024: −19.4% vs market
NAHARINDUS · May 2025: −19.2% vs market
RGL · Mar 2025: −19.1% vs market
KMSUGAR · Sep 2023: −18.7% vs market
HARRMALAYA · Aug 2025: −14.9% vs market
JKTYRE · Apr 2021: −14.6% vs market
DCMSRIND · Jan 2024: −14.5% vs market
RANEHOLDIN · Sep 2024: −13.5% vs market
SPORTKING · Jul 2024: −10.4% vs market
HUHTAMAKI · Jun 2023: −9.9% vs market
PRECOT · Feb 2025: −9.6% vs market
MANGLMCEM · Oct 2024: −9.4% vs market
NELCAST · Jun 2024: −2.8% vs market
PGIL · Jul 2021: −0.5% vs market
COSMOFIRST · Feb 2025: +0.6% vs market
TBZ · Aug 2024: +0.9% vs market
SUNDRMBRAK · Jun 2024: +1.5% vs market
SURYAROSNI · Feb 2021: +2.6% vs market
SUTLEJTEX · Jan 2020: +5.6% vs market
UNIVCABLES · Jan 2025: +7.5% vs market
MAGADSUGAR · Jul 2023: +15.3% vs market
PARADEEP · Feb 2025: +18.5% vs market
GOKUL · Jul 2020: +27.0% vs market
KAPSTON · Sep 2024: +27.5% vs market
INDIANHUME · Jul 2023: +30.4% vs market
DYNAMATECH · May 2021: +31.3% vs market
ISGEC · Aug 2023: +34.7% vs market
LTFOODS · Dec 2022: +38.5% vs market
TIMETECHNO · Oct 2022: +42.0% vs market
KALYANIFRG · Sep 2025: +49.3% vs market
SANGAMIND · Aug 2020: +60.7% vs market
WHEELS · Apr 2025: +70.1% vs market
MANINDS · Jun 2023: +85.2% vs market
SARDAEN · Sep 2020: +89.3% vs market
INDSWFTLAB · May 2020: +89.4% vs market
SALZERELEC · Feb 2023: +90.9% vs market
JINDALSAW · Mar 2023: +99.6% vs market
GOKEX · Jun 2021: +146.0% vs market
DEEPAKFERT · Jan 2021: +169.0% vs market
Similar setups +0.1%All companies −5.5%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
+0.1%
All companies' median
−5.5%
Beat the market
50% vs 44%

50 past situations · 50 companies · 39 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RGL
Consumer Durables		 Mar 2025 17x8% +24%−39% −19%
MUNJALAU
Producer Manufacturing		 Jan 2024 19x9% +121%−8% −19%
UNIVCABLES
Electronic Technology		 Jan 2025 23x10% +25%−28% +8%
KAPSTON
Commercial Services		 Sep 2024 33x— +134%−9% +28%
JINDALPOLY
Process Industries		 Dec 2024 17x3% +47%−13% −50%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
INDIANHUME
Producer Manufacturing		 Jul 2023 23x12% +70%−4% +30%
COSMOFIRST
Process Industries		 Feb 2025 15x7% +15%−41% +1%
PRECOT
Process Industries		 Feb 2025 13x8% +23%−37% −10%
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: interest cover, P/S and debt/equity. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

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

HINDWARE HOME INNOVATIONHINDWAREAP
Producer Manufacturing
68%similar
ROCErevenue growth
BIRLANUBIRLANU
Producer Manufacturing
63%similar
operating marginmarket cap
EPACK DURABLEEPACK
Producer Manufacturing
63%similar
debt/equityoperating margin
SUNDARAM CLAYTONSUNCLAY
Producer Manufacturing
62%similar
revenuedebt/equity
EVEREST INDUSTRIESEVERESTIND
Distribution Services
61%similar
revenue growthpromoter holding
DHAMPUR BIO ORGANICSDBOL
Process Industries
78%similar
revenuerevenue growth
THIRUMALAI CHEMICALSTIRUMALCHM
Process Industries
70%similar
operating marginrevenue growth
RSWMRSWM
Process Industries
67%similar
ROCEvolatility

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

What changed?

30 events since Dec '23

  1. OctPriceVolume reached 6.1x its 50-day median on 2026-10-06; price +6.8% that day.
  2. SepPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the top quartile).
  3. AugValuationP/E crossed above the 90th percentile of its own history to date (17.7x).
  4. AugPriceVolume reached 34.7x its 50-day median on 2026-08-20; price +7.7% that day.
  5. JunPeer rankMoved into the 3rd quartile of Process Industries on ROCE (from the bottom quartile).
  6. JunDividendStarted paying a dividend (payout 20% of profit).
  7. AprPriceVolume reached 14.5x its 50-day median on 2026-04-30; price +7.8% that day.
  8. MarResultsYear-on-year EPS growth turned positive.
Show 22 earlier events
  1. MarPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the bottom quartile).
  2. MarPriceVolume reached 19.4x its 50-day median on 2026-03-30; price +6.1% that day.
  3. JanPriceFell 81% from the Apr 2022 peak to the Jan 2026 low.
  4. DecPeer rankMoved into the 3rd quartile of Process Industries on EPS growth (from the bottom quartile).
  5. DecPriceVolume reached 8.1x its 50-day median on 2025-12-10; price +5.5% that day.
  6. SepPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the top quartile).
  7. SepPriceVolume reached 36.8x its 50-day median on 2025-09-02; price +10.4% that day.
  8. JulPeer rankSlipped to the bottom quartile of Process Industries on ROCE (from the 2nd quartile).
  9. JunPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
  10. MarInstitutionsFII + DII holding fell 3.4 pts over 2 quarters to 2.6%.
  11. MarValuationP/E crossed above the 90th percentile of its own history to date (14.2x).
  12. MarPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the bottom quartile).
  13. DecPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
  14. SepValuationP/E crossed above the 90th percentile of its own history to date (16.6x).
  15. SepPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the top quartile).
  16. AugPriceVolume reached 13.0x its 50-day median on 2024-08-30; price +7.4% that day.
  17. JunResultsYear-on-year EPS growth turned negative.
  18. JunPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  19. JunDividendDividend payout cut from 25% to 0% of profit.
  20. JunPriceVolume reached 21.7x its 50-day median on 2024-06-13; price +5.4% that day.
  21. JanPriceVolume reached 5.1x its 50-day median on 2024-01-01; price +5.1% that day.
  22. DecPriceVolume reached 7.9x its 50-day median on 2023-12-18; price +5.4% 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1115.0x₹1999 cr5.9%6.0%0.8x
2026-1014.6x₹1999 cr5.9%6.0%0.8x
2026-0915.7x₹1999 cr5.9%6.0%0.8x
2026-0817.7x₹1967 cr5.5%6.0%0.8x
2026-0713.4x₹1967 cr5.5%6.0%0.8x
2026-0613.7x₹1967 cr5.5%6.0%0.8x
2026-0513.4x₹2096 cr6.0%6.0%0.8x
2026-0414.8x₹2096 cr6.0%6.0%0.8x
2026-0313.5x₹2096 cr6.0%6.0%0.8x
2026-0214.5x₹2057 cr5.0%6.0%0.8x
2026-0113.4x₹2057 cr5.0%6.0%0.8x
2025-1214.2x₹2057 cr5.0%6.0%0.8x
2025-1116.0x₹1974 cr4.5%6.0%0.8x
2025-1017.4x₹1974 cr4.5%6.0%0.8x
2025-0916.9x₹1974 cr4.5%6.0%0.8x
2025-0815.5x₹1957 cr4.6%6.0%0.8x
2025-0717.5x₹1957 cr4.6%6.0%0.8x
2025-0619.3x₹1957 cr4.6%6.0%0.8x
2025-0517.4x₹1899 cr5.0%11.0%0.9x
2025-0415.1x₹1899 cr5.0%11.0%0.9x
2025-0314.2x₹1899 cr5.0%11.0%0.9x
2025-0211.0x₹1852 cr6.5%11.0%0.9x
2025-0114.0x₹1852 cr6.5%11.0%0.9x
2024-1214.8x₹1852 cr6.5%11.0%0.9x
2024-1113.7x₹1890 cr8.2%11.0%0.9x
2024-1014.2x₹1890 cr8.2%11.0%0.9x
2024-0916.6x₹1890 cr8.2%11.0%0.9x
2024-0811.0x₹2169 cr12.2%11.0%0.9x
2024-0710.9x₹2169 cr12.2%11.0%0.9x
2024-0611.0x₹2169 cr12.2%11.0%0.9x
2024-059.2x₹2460 cr15.2%15.0%0.7x
2024-049.9x₹2460 cr15.2%15.0%0.7x
2024-038.8x₹2460 cr15.2%15.0%0.7x
2024-0210.1x₹2460 cr15.2%15.0%0.7x
2024-0111.1x₹2460 cr15.2%15.0%0.7x
2023-1210.7x₹2460 cr15.2%15.0%0.7x
2023-1111.5x₹2460 cr15.2%15.0%0.7x
2023-1011.2x₹2460 cr15.2%15.0%0.7x
2023-0912.9x₹2460 cr15.2%15.0%0.7x
2023-0810.7x₹2460 cr15.2%15.0%0.7x
2023-0711.6x₹2460 cr15.2%15.0%0.7x
2023-0611.4x₹2460 cr15.2%15.0%0.7x
2023-0511.5x₹1904 cr16.3%11.0%1.0x
2023-0411.3x₹1904 cr16.3%11.0%1.0x
2023-0310.3x₹1904 cr16.3%11.0%1.0x
2023-029.6x₹1904 cr16.3%11.0%1.0x
2023-0110.3x₹1904 cr16.3%11.0%1.0x
2022-1211.5x₹1904 cr16.3%11.0%1.0x
2022-1110.6x₹1904 cr16.3%11.0%1.0x
2022-109.1x₹1904 cr16.3%11.0%1.0x
2022-099.9x₹1904 cr16.3%11.0%1.0x
2022-0810.7x₹1904 cr16.3%11.0%1.0x
2022-0710.4x₹1904 cr16.3%11.0%1.0x
2022-069.8x₹1904 cr16.3%11.0%1.0x
2022-057.2x₹4157 cr14.7%14.0%0.7x
2022-0415.1x₹4157 cr14.7%14.0%0.7x
2022-0315.5x₹4157 cr14.7%14.0%0.7x
2022-0210.8x₹4157 cr14.7%14.0%0.7x
2022-0110.9x₹4157 cr14.7%14.0%0.7x
2021-128.9x₹4157 cr14.7%14.0%0.7x

Older months are in the live observatory.

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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