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DHANUKA AGRITECH LIMITED (DHANUKA)

Process Industries · Chemicals: Specialty · 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.86 / 100
Profitability 91Growth 69Balance 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 40Earnings 44FII/DII 56
Compare withLINDE INDIACOROMANDEL INTERNATIONAL LIMITGUJARAT FLUOROCHEMICALS

Share price

Closing priceAdjusted for splits and bonus issues.

₹917.6 latest close · −16.0% over the last 90 sessions

₹900₹1,000₹1,100Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹900₹1,000₹1,100Jul 3Sep 4Nov 9

₹917.6 month-end · −25.8% over 12 months

₹1,000₹1,200Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,000₹1,200Nov '25May '26Nov '26

₹917.6 month-end · −2.9% over 3 years

₹1,000₹1,500₹2,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹1,000₹1,500₹2,000Nov '23May '25Nov '26

₹917.6 month-end · +118.0% since Jan '19

₹500₹1,000₹1,500₹2,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹500₹1,000₹1,500₹2,000Jan '19Dec '22Nov '26

52-week range ₹820.00 to ₹1335.00 · 1-year volatility 30.8%

Was the rally earned?

-26%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 12 points, but investors now pay less per rupee of profit (P/E 18.8x to 12.1x), which took 38 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: −38 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−38 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: −26%−26%Share priceNet profit growth: +11 pts. Points of the price return explained by net profit growing (or shrinking).+11ProfitP/E change: −38 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−38P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −26%−26%Share price
Net profit growth+11 ptsNet profit rose about 14%, which lifts the price.
P/E change-38 ptsThe P/E fell from 18.8x to 12.1x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
-3%share price, 3 yearsRoughly flat
  • The share price was roughly flat over 3 years (-3%).
  • The share count fell 2%.
Net profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36 ptsNet profit growthP/E change: −42 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−42 ptsP/E changeShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2 ptsShare count changeShare price: −3%−3%Share priceNet profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36ProfitP/E change: −42 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−42P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: −3%−3%Share price
Net profit growth+36 ptsNet profit rose about 45%, which lifts the price.
P/E change-42 ptsThe P/E fell from 18.4x to 12.1x, which lowers the price.
Share count change+2 ptsShare count fell 2%, which lifts the price.
+24%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 58 points, but investors now pay less per rupee of profit (P/E 16.3x to 12.1x), which took 34 points back.
  • The share count fell 5%.
Net profit growth: +53 pts. Points of the price return explained by net profit growing (or shrinking).+53 ptsNet profit growthP/E change: −34 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−34 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: +24%+24%Share priceNet profit growth: +53 pts. Points of the price return explained by net profit growing (or shrinking).+53ProfitP/E change: −34 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−34P/EShare count change: +5 pts. Points of the price return explained by the share count changing. More shares count against the price.+5SharesShare price: +24%+24%Share price
Net profit growth+53 ptsNet profit rose about 60%, which lifts the price.
P/E change-34 ptsThe P/E fell from 16.3x to 12.1x, which lowers the price.
Share count change+5 ptsShare count fell 5%, 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 LINDE INDIA

How rough has the ride been?

Maximum drawdown-56.4%not yet recovered
1-year volatility30.8%annualised
Beta vs sector index0.983-year daily, correlation 0.43
Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−56.3% 0%−20%−40%−60%2020202220242026−56.3%
Largest drawdowns

-56.4% (2025-07 peak to 2026-10 low, not yet recovered)

-45.1% (2020-01 peak to 2020-03 low, recovered 2020-05)

-39.8% (2021-07 peak to 2023-04 low, recovered 2023-12)

Most recent volume spikes

2026-11-02: 6.7x the 50-day median, price -1.7% that day

2026-10-30: 101.8x the 50-day median, price +12.0% that day

2026-10-09: 5.7x the 50-day median, price -3.7% 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?

12.1xP/E todayNear its historic low
Against its own history2nd percentile
CheapestMedian 17.1xDearest

Usual range 13.5x to 26.6x since 2019-01.

Against Process Industries12.1x vs 18.1x
This company
12.1x
Sector median
18.1x

33% below the Process Industries median.

6.8x16.1x25.5x34.8xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x16.1x25.5x34.8xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

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

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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

  • ROCE93rdflat vs a year ago
  • Op. margin88th▼ 5 pts vs a year ago
  • Revenue growth43rd▼ 9 pts vs a year ago
  • EPS growth57th▼ 5 pts vs a year ago
  • Debt/equity ↓82ndflat vs a year ago
  • Cash cycle ↓28thflat vs a year ago
  • P/E ↓70th▲ 15 pts vs a year ago
  • 12M momentum24th▼ 32 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?

~13%annual earnings growth implied by the price

At a P/E of 16.4x, the price would imply about 12.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Earnings figures have not updated recently, so the company is left out of the lists.

“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

Key figures

Share Priceclose 9 Nov
₹917.60
P/E
12.1x
ROCE
28.0%
Market Cap
₹4091 cr
Revenue (TTM)
₹2139 cr
P/S
1.9x
P/B
2.9x
ROE
24.1%
Operating Margin
23.0%
Debt / Equity
0.1x
Promoter Holding
69.8%
12M Momentum
-25.8%

52-week range

₹820.00₹1335.00
19% of the way from its 52-week low to its high

Price risk

1Y volatility
30.8%
Beta vs sector
1-year daily
0.71

Balance sheet & cash

Interest cover
operating profit ÷ interest
91.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.69x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance8%Within range

Other income as a share of pre-tax profit (trailing twelve months): 7.7%. 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 conversion0.69xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.69x (cash from operations ₹533 cr, net profit ₹770 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+9 daysWithin range

Debtor days are above the median of the previous three fiscal years by 9 days (82 vs 73). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress2% of fixed assetsWithin range

Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-11 days / 2 yrsWithin range

Days payable changed by -11 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 0.6 pts.
  • The number of shareholders rose from 33,688 to 42,508 (+26%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters70.2%69.8%-0.4 pts
FIIs2.2%1.6%-0.6 pts
DIIs18.2%18.7%+0.5 pts
Public and others9.4%9.8%+0.4 pts

Number of shareholders

42,508shareholders+26% since Sep '23
33k36k39k43k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 33,688
Dec '23: 32,512
Mar '24: 33,812
Jun '24: 32,777
Sep '24: 40,466
Dec '24: 40,407
Mar '25: 41,011
Jun '25: 41,813
Sep '25: 40,916
Dec '25: 39,698
Mar '26: 38,445
Jun '26: 42,508
 33k36k39k43k Sep '23Sep '24Sep '25Jun '26
Sep '23: 33,688
Dec '23: 32,512
Mar '24: 33,812
Jun '24: 32,777
Sep '24: 40,466
Dec '24: 40,407
Mar '25: 41,011
Jun '25: 41,813
Sep '25: 40,916
Dec '25: 39,698
Mar '26: 38,445
Jun '26: 42,508

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

+6.7%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 DHANUKA AGRITECH 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 −20% to +47% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (+11.0%, 80% range −1.9% to +22.7%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
NIITMTS · Oct 2025: −48.0% vs market
BHAGERIA · May 2022: −42.0% vs market
UNIPARTS · Dec 2023: −39.1% vs market
BSOFT · Nov 2024: −38.0% vs market
AVTNPL · Mar 2024: −38.0% vs market
ANDHRAPAP · Feb 2020: −34.5% vs market
BALAMINES · May 2024: −34.1% vs market
DBCORP · Feb 2020: −33.6% vs market
ATULAUTO · Jun 2020: −32.2% vs market
NUCLEUS · Jan 2022: −31.1% vs market
MGL · Jan 2025: −28.1% vs market
AVANTIFEED · Feb 2022: −22.7% vs market
TANLA · Aug 2025: −20.4% vs market
ROLEXRINGS · Feb 2025: −19.5% vs market
VEEDOL · Aug 2025: −17.2% vs market
SKFINDIA · Oct 2024: −13.7% vs market
ENGINERSIN · Aug 2021: −13.3% vs market
EXPLEOSOL · Aug 2025: −12.7% vs market
KKCL · Feb 2025: −7.8% vs market
ACI · Jun 2024: −7.4% vs market
TVTODAY · Sep 2021: −5.4% vs market
FDC · Feb 2022: −1.7% vs market
IGL · Oct 2024: −1.7% vs market
SUNTV · May 2023: +2.9% vs market
GOODYEAR · Nov 2021: +5.8% vs market
MPHASIS · Apr 2024: +7.5% vs market
LGBBROSLTD · Feb 2024: +9.7% vs market
TCI · Feb 2024: +13.2% vs market
FINCABLES · May 2020: +19.3% vs market
FLAIR · Feb 2025: +21.9% vs market
BAJAJCON · Nov 2024: +22.4% vs market
ZENSARTECH · Sep 2024: +22.4% vs market
LINCOLN · Jul 2022: +26.2% vs market
EMAMILTD · Mar 2024: +30.4% vs market
EXCELINDUS · Feb 2021: +30.9% vs market
RITES · Feb 2022: +36.3% vs market
FINPIPE · Aug 2022: +43.9% vs market
CAPLIPOINT · Mar 2023: +48.5% vs market
SHARDAMOTR · Feb 2023: +51.7% vs market
SASKEN · Jun 2020: +55.3% vs market
GEOJITFSL · May 2023: +61.2% vs market
ECLERX · Jul 2024: +67.0% vs market
MAYURUNIQ · May 2020: +70.9% vs market
RAILTEL · Sep 2022: +86.7% vs market
MAITHANALL · Mar 2021: +99.9% vs market
GRSE · Dec 2021: +109.3% vs market
MPSLTD · Sep 2022: +116.8% vs market
MSTCLTD · Mar 2023: +121.3% vs market
NEWGEN · Jan 2023: +186.1% vs market
MAZDOCK · Mar 2022: +191.3% vs market
Similar setups +6.7%All companies −4.3%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
+6.7%
All companies' median
−4.3%
Beat the market
54% vs 45%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DBCORP
Consumer Services		 Feb 2020 7x22% −38%−46% −34%
TVTODAY
Consumer Services		 Sep 2021 13x21% +50%−20% −5%
MAYURUNIQ
Process Industries		 May 2020 8x27% −51%−52% +71%
BAJAJCON
Consumer Non-Durables		 Nov 2024 21x23% −5%−25% +22%
SKFINDIA
Producer Manufacturing		 Oct 2024 21x29% +5%−26% −14%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ROLEXRINGS
Producer Manufacturing		 Feb 2025 24x28% −31%−47% −20%
FINCABLES
Producer Manufacturing		 May 2020 8x24% −53%−55% +19%
FDC
Health Technology		 Feb 2022 15x22% −3%−29% −2%
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: drawdown from 12-month high, 12-month momentum 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 DHANUKA AGRITECH 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.

D.B.CORPDBCORP
Consumer Services
70%similar
operating marginrevenue
JYOTHY LABSJYOTHYLAB
Consumer Non-Durables
70%similar
volatilityROCE
FDCFDC
Health Technology
65%similar
revenuepromoter holding
SANOFI INDIASANOFI
Health Technology
63%similar
operating marginrevenue
PIX TRANSMISSIONSPIXTRANS
Producer Manufacturing
62%similar
revenue growthdebt/equity
VEEDOL CORPORATIONVEEDOL
Process Industries
72%similar
revenueP/E
BHANSALI ENGINEERING POLYMERSBEPL
Process Industries
61%similar
EPS growthP/E
MAYUR UNIQUOTERSMAYURUNIQ
Process Industries
60%similar
operating marginrevenue growth

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

What changed?

30 events since Jun '23

  1. OctPriceFell 56% from the Jul 2025 peak to the Oct 2026 low.
  2. OctPriceVolume reached 101.8x its 50-day median on 2026-10-30; price +12.0% that day.
  3. AugPriceVolume reached 11.5x its 50-day median on 2026-08-03; price +0.1% that day.
  4. JunValuationP/E fell below the 10th percentile of its own history to date (13.9x).
  5. JunDividendDividend payout cut from 3% to 0% of profit.
  6. MayPriceVolume reached 79.9x its 50-day median on 2026-05-19; price +8.8% that day.
  7. FebValuationP/E fell below the 10th percentile of its own history to date (13.4x).
  8. FebPriceVolume reached 13.9x its 50-day median on 2026-02-27; price -4.0% that day.
Show 22 earlier events
  1. DecResultsRevenue (TTM) reached a new high of ₹2,139 cr.
  2. NovPriceVolume reached 10.0x its 50-day median on 2025-11-21; price +1.4% that day.
  3. AugPriceVolume reached 16.7x its 50-day median on 2025-08-01; price -13.9% that day.
  4. JulPriceRegained the 2024-08 peak, 4 months after the low.
  5. JunDividendDividend payout cut from 27% to 3% of profit.
  6. MayValuationP/E crossed above the 90th percentile of its own history to date (26.6x).
  7. MayPriceVolume reached 9.2x its 50-day median on 2025-05-16; price +11.1% that day.
  8. MarPriceFell 40% from the Aug 2024 peak to the Mar 2025 low.
  9. MarPriceVolume reached 13.5x its 50-day median on 2025-03-24; price +4.4% that day.
  10. NovPriceVolume reached 7.6x its 50-day median on 2024-11-07; price -0.2% that day.
  11. SepResultsRevenue (TTM) reached a new high of ₹1,883 cr.
  12. JulPriceVolume reached 10.3x its 50-day median on 2024-07-23; price +0.3% that day.
  13. JunPriceVolume reached 5.7x its 50-day median on 2024-06-10; price +11.2% that day.
  14. AprPriceRegained the 2024-01 peak, 1 month after the low.
  15. AprValuationP/E crossed above the 90th percentile of its own history to date (25.9x).
  16. MarPriceFell 26% from the Jan 2024 peak to the Mar 2024 low.
  17. DecResultsRevenue (TTM) reached a new high of ₹1,751 cr.
  18. DecPriceRegained the 2021-07 peak, 8 months after the low.
  19. NovPriceVolume reached 31.7x its 50-day median on 2023-11-07; price +10.7% that day.
  20. SepPriceVolume reached 8.9x its 50-day median on 2023-09-11; price +4.4% that day.
  21. JunResultsYear-on-year EPS growth turned positive.
  22. JunPeer rankMoved into the 2nd quartile of Process Industries on EPS growth (from the bottom 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
2026-1112.1x₹2139 cr24.1%28.0%0.1x
2026-1012.9x₹2139 cr24.4%28.0%0.1x
2026-0912.2x₹2139 cr24.4%28.0%0.1x
2026-0812.9x₹2139 cr24.4%28.0%0.1x
2026-0713.5x₹2139 cr24.4%28.0%0.1x
2026-0613.9x₹2139 cr24.4%28.0%0.1x
2026-0515.0x₹2139 cr24.4%28.0%0.1x
2026-0414.2x₹2139 cr24.4%28.0%0.1x
2026-0311.8x₹2139 cr24.4%28.0%0.1x
2026-0213.4x₹2139 cr24.4%28.0%0.1x
2026-0114.7x₹2139 cr24.4%28.0%0.1x
2025-1215.5x₹2139 cr24.4%28.0%0.1x
2025-1118.8x₹2035 cr21.2%28.0%0.1x
2025-1020.9x₹2035 cr21.2%28.0%0.1x
2025-0923.4x₹2035 cr21.2%28.0%0.1x
2025-0824.3x₹2035 cr21.2%28.0%0.1x
2025-0729.0x₹2035 cr21.2%28.0%0.1x
2025-0626.6x₹2035 cr21.2%28.0%0.1x
2025-0526.6x₹1961 cr22.4%27.0%0.0x
2025-0421.1x₹1961 cr22.4%27.0%0.0x
2025-0320.9x₹1961 cr22.4%27.0%0.0x
2025-0221.3x₹1919 cr21.6%27.0%0.0x
2025-0124.2x₹1919 cr21.6%27.0%0.0x
2024-1224.8x₹1919 cr21.6%27.0%0.0x
2024-1127.1x₹1883 cr20.3%27.0%0.0x
2024-1028.1x₹1883 cr20.3%27.0%0.0x
2024-0927.6x₹1883 cr20.3%27.0%0.0x
2024-0834.8x₹1758 cr19.0%27.0%0.0x
2024-0733.0x₹1758 cr19.0%27.0%0.0x
2024-0632.1x₹1758 cr19.0%27.0%0.0x
2024-0523.7x₹1761 cr23.1%27.0%0.0x
2024-0425.9x₹1761 cr23.1%27.0%0.0x
2024-0319.1x₹1761 cr23.1%27.0%0.0x
2024-0219.8x₹1751 cr23.2%27.0%0.0x
2024-0122.3x₹1751 cr23.2%27.0%0.0x
2023-1219.7x₹1751 cr23.2%27.0%0.0x
2023-1118.4x₹1700 cr22.1%27.0%0.0x
2023-1015.5x₹1700 cr22.1%27.0%0.0x
2023-0916.4x₹1700 cr22.1%27.0%0.0x
2023-0815.4x₹1700 cr22.1%27.0%0.0x
2023-0714.8x₹1700 cr22.1%27.0%0.0x
2023-0615.6x₹1700 cr22.1%27.0%0.0x
2023-0516.1x₹1478 cr21.8%30.0%0.0x
2023-0414.4x₹1478 cr21.8%30.0%0.0x
2023-0313.6x₹1478 cr21.8%30.0%0.0x
2023-0214.8x₹1478 cr21.8%30.0%0.0x
2023-0115.2x₹1478 cr21.8%30.0%0.0x
2022-1215.9x₹1478 cr21.8%30.0%0.0x
2022-1115.7x₹1478 cr21.8%30.0%0.0x
2022-1016.2x₹1478 cr21.8%30.0%0.0x
2022-0914.6x₹1478 cr21.8%30.0%0.0x
2022-0815.8x₹1478 cr21.8%30.0%0.0x
2022-0715.5x₹1478 cr21.8%30.0%0.0x
2022-0615.5x₹1478 cr21.8%30.0%0.0x
2022-0515.5x₹1387 cr26.5%36.0%0.1x
2022-0415.8x₹1387 cr26.5%36.0%0.1x
2022-0315.9x₹1387 cr26.5%36.0%0.1x
2022-0216.2x₹1387 cr26.5%36.0%0.1x
2022-0117.0x₹1387 cr26.5%36.0%0.1x
2021-1218.5x₹1387 cr26.5%36.0%0.1x
2021-1116.3x₹1387 cr26.5%36.0%0.1x
2021-1016.2x₹1387 cr26.5%36.0%0.1x
2021-0918.1x₹1387 cr26.5%36.0%0.1x
2021-0818.6x₹1387 cr26.5%36.0%0.1x
2021-0721.0x₹1387 cr26.5%36.0%0.1x
2021-0621.2x₹1387 cr26.5%36.0%0.1x
2021-0531.6x₹1120 cr19.9%26.0%0.0x
2021-0425.9x₹1120 cr19.9%26.0%0.0x
2021-0323.2x₹1120 cr19.9%26.0%0.0x
2021-0224.4x₹1120 cr19.9%26.0%0.0x
2021-0124.9x₹1120 cr19.9%26.0%0.0x
2020-1225.9x₹1120 cr19.9%26.0%0.0x
2020-1125.3x₹1120 cr19.9%26.0%0.0x
2020-1024.8x₹1120 cr19.9%26.0%0.0x
2020-0925.3x₹1120 cr19.9%26.0%0.0x
2020-0826.3x₹1120 cr19.9%26.0%0.0x
2020-0726.7x₹1120 cr19.9%26.0%0.0x
2020-0623.8x₹1120 cr19.9%26.0%0.0x
2020-0524.3x₹1006 cr17.6%23.0%0.0x
2020-0418.9x₹1006 cr17.6%23.0%0.0x
2020-0313.7x₹1006 cr17.6%23.0%0.0x
2020-0219.8x₹1006 cr17.6%23.0%0.0x
2020-0121.8x₹1006 cr17.6%23.0%0.0x
2019-1217.1x₹1006 cr17.6%23.0%0.0x
2019-1112.6x₹1006 cr17.6%23.0%0.0x
2019-1012.8x₹1006 cr17.6%23.0%0.0x
2019-0913.5x₹1006 cr17.6%23.0%0.0x
2019-0813.4x₹1006 cr17.6%23.0%0.0x
2019-0715.3x₹1006 cr17.6%23.0%0.0x
2019-0618.2x₹1006 cr17.6%23.0%0.0x
2019-0514.6x₹963 cr19.9%29.0%0.0x
2019-0414.5x₹963 cr19.9%29.0%0.0x
2019-0315.2x₹963 cr19.9%29.0%0.0x
2019-0215.7x₹963 cr19.9%29.0%0.0x
2019-0116.4x₹963 cr19.9%29.0%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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