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DHUNSERI TEA & INDUSTRIES LTD (DTIL)

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.57 / 100
Profitability 51Growth 71Balance sheet 49

Passes these screensCash Rich

Compare withPATANJALI FOODSGODREJ INDUSTRIESAWL AGRI BUSINESS

Share price

Closing priceAdjusted for splits and bonus issues.

₹148.15 latest close · +4.0% over the last 90 sessions

₹140₹160₹180Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹140₹160₹180Jul 3Sep 4Nov 9

₹148.15 month-end · −8.3% over 12 months

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

₹148.15 month-end · −33.0% over 3 years

₹100₹150₹200₹250Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹100₹150₹200₹250Nov '23May '25Nov '26

₹148.15 month-end · −2.5% since Jan '19

₹100₹200₹300Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹100₹200₹300Jan '19Dec '22Nov '26

52-week range ₹102.00 to ₹193.79 · 1-year volatility 39.2%

How rough has the ride been?

Maximum drawdown-70.9%not yet recovered
1-year volatility39.2%annualised

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−69.3% 0%−20%−40%−60%2020202220242026−69.3%
Largest drawdowns

-70.9% (2021-06 peak to 2026-03 low, not yet recovered)

-61.8% (2019-04 peak to 2020-03 low, recovered 2020-10)

-18.7% (2019-01 peak to 2019-02 low, recovered 2019-04)

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

  • ROCE12th▲ 7 pts vs a year ago
  • Op. margin89thflat vs a year ago
  • Revenue growth11th▼ 62 pts vs a year ago
  • EPS growth1st▼ 14 pts vs a year ago
  • Debt/equity ↓42ndflat vs a year ago
  • Cash cycle ↓92ndflat vs a year ago
  • P/E ↓90th
  • 12M momentum52nd▲ 34 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?

Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.

“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
₹148.15
ROCE
2.0%
Market Cap
₹155 cr
Revenue (TTM)
₹441 cr
P/S
0.4x
P/B
0.3x
ROE
-2.3%
Operating Margin
23.8%
Debt / Equity
0.5x
Promoter Holding
69.0%
12M Momentum
-8.3%

52-week range

₹102.00₹193.79
50% of the way from its 52-week low to its high

Price risk

1Y volatility
39.2%
Beta vs sector
1-year daily
0.84

Balance sheet & cash

Interest cover
operating profit ÷ interest
0.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
5.00x
Share count, 1Y
unchanged

Are profits backed by cash?

2 of 3checks within range1 near a threshold
Other income reliance—Not enough data

Not enough reported data to compute this.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-7 daysWithin range

Debtor days are below the median of the previous three fiscal years by 7 days (10 vs 17). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress14% of fixed assetsWithin range

Capital work-in-progress is 14% 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 3 years, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders fell from 17,990 to 15,350 (-15%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters68.9%69.0%+0.1 pts
FIIs0.0%0.0%0.0 pts
DIIs2.0%2.0%0.0 pts
Public and others29.1%29.0%-0.1 pts

Number of shareholders

15,350shareholders-15% since Sep '23
15k16k17k18k Sep '23Sep '24Mar '25Sep '25Jun '26
Sep '23: 17,990
Dec '23: 17,347
Sep '24: 16,549
Dec '24: 16,204
Mar '25: 15,982
Jun '25: 15,956
Sep '25: 15,923
Mar '26: 15,460
Jun '26: 15,350
 15k16k17k18k Sep '23Dec '24Sep '25Jun '26
Sep '23: 17,990
Dec '23: 17,347
Sep '24: 16,549
Dec '24: 16,204
Mar '25: 15,982
Jun '25: 15,956
Sep '25: 15,923
Mar '26: 15,460
Jun '26: 15,350

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

+16.8%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 DHUNSERI TEA & INDUSTRIES 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 −18% to +45% vs the market, against +3% for all non-financial companies in the same months.
  • The gap against the base rate (+13.6%, 80% range −4.4% to +28.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
AKSHAR · Nov 2023: −86.6% vs market
VIRINCHI · Sep 2025: −51.3% vs market
SETCO · Jun 2021: −43.9% vs market
APCL · Feb 2024: −42.5% vs market
BAGFILMS · Aug 2020: −41.9% vs market
NIPPOBATRY · Nov 2023: −41.8% vs market
BASML · Apr 2024: −39.2% vs market
KAKATCEM · Dec 2023: −35.1% vs market
AROGRANITE · Jan 2024: −30.1% vs market
KALYANIFRG · Mar 2021: −28.3% vs market
HTMEDIA · Jun 2021: −28.1% vs market
TOKYOPLAST · Nov 2023: −22.4% vs market
ESSARSHPNG · May 2020: −19.6% vs market
PEARLPOLY · May 2020: −14.4% vs market
ZUARIIND · Jul 2022: −14.2% vs market
MSPL · Nov 2020: −13.1% vs market
BIL · Nov 2021: −10.1% vs market
RAMANEWS · Dec 2020: −8.2% vs market
ASPINWALL · Jun 2020: −5.5% vs market
ANIKINDS · May 2020: −2.3% vs market
NECLIFE · Aug 2023: +0.6% vs market
ORIENTLTD · Apr 2023: +3.5% vs market
MADRASFERT · Sep 2020: +6.4% vs market
PPAP · Feb 2025: +8.3% vs market
TNPL · May 2022: +14.3% vs market
ELGIRUBCO · May 2023: +19.2% vs market
JAYSREETEA · Mar 2020: +19.6% vs market
BVCL · May 2020: +21.7% vs market
GILLANDERS · Nov 2021: +28.0% vs market
PRECOT · Mar 2024: +32.5% vs market
VIPCLOTHNG · Nov 2020: +33.7% vs market
AYMSYNTEX · Feb 2020: +34.3% vs market
RANEHOLDIN · May 2022: +36.5% vs market
HCL-INSYS · May 2021: +37.0% vs market
CCHHL · Nov 2020: +40.7% vs market
WIPL · Feb 2022: +43.8% vs market
JAIBALAJI · Jun 2020: +44.3% vs market
WINDMACHIN · Feb 2021: +45.6% vs market
SUNDRMBRAK · Apr 2023: +50.6% vs market
IMFA · Jan 2020: +55.1% vs market
INDTERRAIN · Oct 2021: +55.4% vs market
DGCONTENT · May 2024: +65.2% vs market
HARRMALAYA · Feb 2020: +66.1% vs market
VISACHROME · Apr 2021: +113.3% vs market
RAYMOND · Dec 2021: +128.2% vs market
KANORICHEM · Nov 2020: +165.5% vs market
BEDMUTHA · Apr 2021: +178.3% vs market
POWERMECH · Apr 2022: +185.5% vs market
NAHARINDUS · Oct 2020: +193.1% vs market
MARALOVER · Nov 2020: +205.2% vs market
Similar setups +16.8%All companies +3.2%← 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 · 7 beyond the range shown, drawn at the edge

Similar setups' median
+16.8%
All companies' median
+3.2%
Beat the market
60% vs 53%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BEDMUTHA
Non-Energy Minerals		 Apr 2021 —-2% +99%−8% +178%
NECLIFE
Health Technology		 Aug 2023 —0% +15%−5% +1%
KALYANIFRG
Producer Manufacturing		 Mar 2021 —-2% +123%−11% −28%
GILLANDERS
Consumer Non-Durables		 Nov 2021 —4% +65%−16% +28%
NAHARINDUS
Process Industries		 Oct 2020 —2% −3%−17% +193%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MADRASFERT
Process Industries		 Sep 2020 —-2% −18%−22% +6%
BVCL
Non-Energy Minerals		 May 2020 72x6% −36%−42% +22%
CCHHL
Consumer Services		 Nov 2020 —-3% +3%−13% +41%
How reliable is this?

Matched on 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, interest cover and ROCE. Not used (unavailable for this company): P/E. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

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 DHUNSERI TEA & INDUSTRIES 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 changed?

23 events since Mar '20

  1. SepPeer rankMoved into the top quartile of Process Industries on operating margin (from the bottom quartile).
  2. MarPriceFell 71% from the Jun 2021 peak to the Mar 2026 low.
  3. MarPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the top quartile).
  4. SepPeer rankMoved into the top quartile of Process Industries on operating margin (from the bottom quartile).
  5. MarPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the top quartile).
  6. DecPeer rankMoved into the top quartile of Process Industries on operating margin (from the 3rd quartile).
  7. SepPeer rankMoved into the 3rd quartile of Process Industries on operating margin (from the bottom quartile).
  8. JunResultsRevenue (TTM) reached a new high of ₹395 cr.
Show 15 earlier events
  1. JunResultsEPS (TTM) turned negative.
  2. JunPeer rankSlipped to the bottom quartile of Process Industries on ROCE (from the 3rd quartile).
  3. JunDividendDividend payout cut from 11% to -4% of profit.
  4. JunSharesShare count is up 57.1% over 12 months.
  5. AprValuationP/E crossed above the 90th percentile of its own history to date (9.7x).
  6. DecValuationP/E crossed above the 90th percentile of its own history to date (8.9x).
  7. JunResultsYear-on-year EPS growth turned negative.
  8. JunValuationP/E crossed above the 90th percentile of its own history to date (10.7x).
  9. JunPeer rankMoved into the 3rd quartile of Process Industries on ROCE (from the bottom quartile).
  10. JanValuationP/E fell below the 10th percentile of its own history to date (2.4x).
  11. OctPriceRegained the 2019-04 peak, 7 months after the low.
  12. JunResultsYear-on-year EPS growth turned positive.
  13. JunPeer rankMoved into the top quartile of Process Industries on EPS growth (from the 3rd quartile).
  14. JunDividendDividend payout cut from 12% to 2% of profit.
  15. MarPriceFell 62% from the Apr 2019 peak to the Mar 2020 low.

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
2026-11—₹441 cr-2.3%2.0%0.5x
2026-10—₹441 cr-2.3%2.0%0.5x
2026-09—₹441 cr-2.3%2.0%0.5x
2026-08—₹471 cr-0.5%2.0%0.5x
2026-07—₹471 cr-0.5%2.0%0.5x
2026-06—₹471 cr-0.5%2.0%0.5x
2026-05—₹496 cr-2.6%-4.0%0.5x
2026-04—₹496 cr-2.6%-4.0%0.5x
2026-03—₹496 cr-2.6%-4.0%0.5x
2026-02—₹477 cr-1.5%-4.0%0.5x
2026-01—₹477 cr-1.5%-4.0%0.5x
2025-12—₹477 cr-1.5%-4.0%0.5x
2025-11—₹473 cr-0.5%-4.0%0.5x
2025-10—₹473 cr-0.5%-4.0%0.5x
2025-09—₹473 cr-0.5%-4.0%0.5x
2025-08—₹456 cr-3.8%-4.0%0.5x
2025-07—₹456 cr-3.8%-4.0%0.5x
2025-06—₹456 cr-3.8%-4.0%0.5x
2025-05—₹434 cr-11.8%-19.0%0.5x
2025-04—₹434 cr-11.8%-19.0%0.5x
2025-03—₹434 cr-11.8%-19.0%0.5x
2025-02—₹426 cr-20.1%-19.0%0.5x
2025-01—₹426 cr-20.1%-19.0%0.5x
2024-12—₹426 cr-20.1%-19.0%0.5x
2024-11—₹402 cr-25.8%-19.0%0.5x
2024-10—₹402 cr-25.8%-19.0%0.5x
2024-09—₹402 cr-25.8%-19.0%0.5x
2024-08—₹395 cr-27.0%-19.0%0.5x
2024-07—₹395 cr-27.0%-19.0%0.5x
2024-06—₹395 cr-27.0%-19.0%0.5x
2024-05—₹337 cr-3.4%-2.0%0.3x
2024-04—₹337 cr-3.4%-2.0%0.3x
2024-03—₹337 cr-3.4%-2.0%0.3x
2024-02—₹337 cr-3.4%-2.0%0.3x
2024-01—₹337 cr-3.4%-2.0%0.3x
2023-12—₹337 cr-3.4%-2.0%0.3x
2023-11—₹337 cr-3.4%-2.0%0.3x
2023-10—₹337 cr-3.4%-2.0%0.3x
2023-09—₹337 cr-3.4%-2.0%0.3x
2023-08—₹337 cr-3.4%-2.0%0.3x
2023-07—₹337 cr-3.4%-2.0%0.3x
2023-06—₹337 cr-3.4%-2.0%0.3x
2023-05—₹349 cr-12.6%7.0%0.1x
2023-04—₹349 cr-12.6%7.0%0.1x
2023-03—₹349 cr-12.6%7.0%0.1x
2023-02—₹349 cr-12.6%7.0%0.1x
2023-01—₹349 cr-12.6%7.0%0.1x
2022-12—₹349 cr-12.6%7.0%0.1x
2022-11—₹349 cr-12.6%7.0%0.1x
2022-10—₹349 cr-12.6%7.0%0.1x
2022-09—₹349 cr-12.6%7.0%0.1x
2022-08—₹349 cr-12.6%7.0%0.1x
2022-07—₹349 cr-12.6%7.0%0.1x
2022-06—₹349 cr-12.6%7.0%0.1x
2022-057.8x₹377 cr3.6%7.0%0.1x
2022-049.7x₹377 cr3.6%7.0%0.1x
2022-038.9x₹377 cr3.6%7.0%0.1x
2022-028.2x₹377 cr3.6%7.0%0.1x
2022-0110.2x₹377 cr3.6%7.0%0.1x
2021-128.9x₹377 cr3.6%7.0%0.1x
2021-118.2x₹377 cr3.6%7.0%0.1x
2021-108.8x₹377 cr3.6%7.0%0.1x
2021-098.9x₹377 cr3.6%7.0%0.1x
2021-089.5x₹377 cr3.6%7.0%0.1x
2021-0711.8x₹377 cr3.6%7.0%0.1x
2021-0610.7x₹377 cr3.6%7.0%0.1x
2021-053.0x₹302 cr8.8%0.0%0.2x
2021-042.6x₹302 cr8.8%0.0%0.2x
2021-032.5x₹302 cr8.8%0.0%0.2x
2021-022.6x₹302 cr8.8%0.0%0.2x
2021-012.4x₹302 cr8.8%0.0%0.2x
2020-122.5x₹302 cr8.8%0.0%0.2x
2020-112.5x₹302 cr8.8%0.0%0.2x
2020-102.7x₹302 cr8.8%0.0%0.2x
2020-092.5x₹302 cr8.8%0.0%0.2x
2020-082.3x₹302 cr8.8%0.0%0.2x
2020-071.6x₹302 cr8.8%0.0%0.2x
2020-061.5x₹302 cr8.8%0.0%0.2x
2020-053.6x₹324 cr3.7%6.0%0.1x
2020-043.8x₹324 cr3.7%6.0%0.1x
2020-032.8x₹324 cr3.7%6.0%0.1x
2020-023.7x₹324 cr3.7%6.0%0.1x
2020-014.5x₹324 cr3.7%6.0%0.1x
2019-124.3x₹324 cr3.7%6.0%0.1x
2019-114.2x₹324 cr3.7%6.0%0.1x
2019-104.0x₹324 cr3.7%6.0%0.1x
2019-094.0x₹324 cr3.7%6.0%0.1x
2019-084.0x₹324 cr3.7%6.0%0.1x
2019-074.4x₹324 cr3.7%6.0%0.1x
2019-064.7x₹324 cr3.7%6.0%0.1x
2019-055.2x₹296 cr4.0%5.0%0.1x
2019-045.8x₹296 cr4.0%5.0%0.1x
2019-035.3x₹296 cr4.0%5.0%0.1x
2019-025.2x₹296 cr4.0%5.0%0.1x
2019-015.5x₹296 cr4.0%5.0%0.1x

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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