Share price
₹1.42 latest close · −37.7% over the last 90 sessions
₹1.42 month-end · −52.2% over 12 months
₹1.42 month-end · −75.0% over 3 years
₹1.42 month-end · −85.9% since Jun '21
52-week range ₹1.15 to ₹3.81 · 1-year volatility 63.5%
Was the rally earned?
Both mattered.
- Per-share earnings took off 21 points and the multiple took off 31 points (P/E 12.9x to 8.4x).
- The share count fell 3%.
Earnings helped, the multiple did not.
- Per-share earnings added 48 points, but investors now pay less per rupee of profit (P/E 81.1x to 8.4x), which took 123 points back.
- The share count rose 23%.
Earnings helped, the multiple did not.
- Per-share earnings added 157 points, but investors now pay less per rupee of profit (P/E 535.0x to 8.4x), which took 230 points back.
- The share count rose 78%.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-93.8% (2022-04 peak to 2026-09 low, not yet recovered)
-86.6% (2019-06 peak to 2020-03 low, recovered 2021-12)
-32.8% (2022-01 peak to 2022-02 low, recovered 2022-04)
Is it expensive against its own past and its peers?
Usual range 10.7x to 938.5x since 2021-06.
50% below the Distribution Services median.
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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.
Where does it rank among Distribution Services peers?
Each cell is the company's percentile rank among its Distribution Services 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
- ROCE47th▼ 12 pts vs a year ago
- Op. margin48th▼ 15 pts vs a year ago
- Revenue growth17th▼ 28 pts vs a year ago
- EPS growth29th▼ 40 pts vs a year ago
- Debt/equity ↓36thflat vs a year ago
- Cash cycle ↓21st▲ 6 pts vs a year ago
- P/E ↓80thflat vs a year ago
- 12M momentum12th▼ 4 pts vs a year ago
Rank history
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 Distribution Services sector page Watch it move against Distribution Services in the Observatory
What is the price implying?
At a P/E of 10.2x, the price would imply about 7.8%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Below the ₹1,000 cr market-cap floor used for the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Distribution Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹1.42
- P/E
- 8.4x
- ROCE
- 9.0%
- Market Cap
- ₹82 cr
- Revenue (TTM)
- ₹414 cr
- P/S
- 0.2x
- P/B
- 0.5x
- ROE
- 5.9%
- Operating Margin
- 5.2%
- Debt / Equity
- 0.6x
- Promoter Holding
- 38.1%
- 12M Momentum
- -52.2%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance0%Within range
Other income as a share of pre-tax profit (trailing twelve months): 0.0%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate32%Within range
Median quarterly effective tax rate over about 2.5 years: 31.8%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion-0.39xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -0.39x (cash from operations ₹-13 cr, net profit ₹33 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-9 daysWithin range
Debtor days are below the median of the previous three fiscal years by 9 days (214 vs 223). 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 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.
Who has been buying and selling?
- Over 3 years, promoters trimmed 21.6 pts.
- The number of shareholders rose from 49,574 to 70,935 (+43%) between Dec 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like DUCON INFRATECHNOLOGIES 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 −21% to +30% vs the market, against −3% for all non-financial companies in the same months.
- The gap against the base rate (−0.2%, 80% range −9.7% to +8.2%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
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 · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 33 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| NDL Process Industries |
Feb 2020 | 5x | 5% | −57% | −64% | +7% |
| AUSOMENT Finance |
Oct 2021 | 5x | 8% | +12% | −45% | +10% |
| AKSHOPTFBR Electronic Technology |
Mar 2020 | 5x | 7% | −84% | −85% | −1% |
| PATINTLOG Transportation |
Feb 2020 | 6x | 10% | −61% | −72% | +55% |
| HITECH Non-Energy Minerals |
Jun 2020 | 6x | 12% | −63% | −64% | +137% |
Show the other 3 matches
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, ROCE and drawdown from 12-month high. 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.
What changed?
29 events since Jan '19
- SepPriceFell 94% from the Apr 2022 peak to the Sep 2026 low.
- SepPeer rankSlipped to the 3rd quartile of Distribution Services on operating margin (from the 2nd quartile).
- JunPeer rankSlipped to the 3rd quartile of Distribution Services on ROCE (from the 2nd quartile).
- MarResultsYear-on-year EPS growth turned negative.
- MarPeer rankSlipped to the bottom quartile of Distribution Services on EPS growth (from the 3rd quartile).
- DecPeer rankSlipped to the 3rd quartile of Distribution Services on EPS growth (from the 2nd quartile).
- SepPeer rankSlipped to the 2nd quartile of Distribution Services on operating margin (from the top quartile).
- JunPromoterPromoter holding fell 3.5 pts to 38.1% (largest drop since 2025-03).
Show 21 earlier events
- JunPeer rankMoved into the top quartile of Distribution Services on operating margin (from the 2nd quartile).
- JunSharesShare count is up 23.1% over 12 months.
- MarPromoterPromoter holding fell 10.4 pts to 41.6%.
- JunPromoterPromoter holding fell 7.7 pts to 52.0%.
- JunResultsYear-on-year EPS growth turned positive.
- JunValuationP/E fell below the 10th percentile of its own history to date (45.2x).
- JunPeer rankMoved into the 2nd quartile of Distribution Services on ROCE (from the 3rd quartile).
- AugValuationP/E fell below the 10th percentile of its own history to date (54.1x).
- JulSharesShare count is up 23.8% over 12 months.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankSlipped to the 3rd quartile of Distribution Services on EPS growth (from the top quartile).
- JunResultsRevenue (TTM) reached a new high of ₹384 cr.
- JunSharesShare count is up 16.7% over 12 months.
- AprPriceRegained the 2022-01 peak, 2 months after the low.
- FebPriceFell 33% from the Jan 2022 peak to the Feb 2022 low.
- DecPriceRegained the 2019-06 peak, 21 months after the low.
- MarPriceFell 87% from the Jun 2019 peak to the Mar 2020 low.
- AprPriceRegained the 2019-02 peak, 2 months after the low.
- FebPriceFell 29% from the Feb 2019 peak to the Feb 2019 low.
- JanPriceRegained the 2019-01 peak, 0 months after the low.
- JanPriceFell 30% from the Jan 2019 peak to the Jan 2019 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 history66 months · 2021-06 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 8.4x | ₹414 cr | 5.9% | 9.0% | 0.6x |
| 2026-10 | 7.4x | ₹414 cr | 6.0% | 9.0% | 0.6x |
| 2026-09 | 8.0x | ₹414 cr | 6.0% | 9.0% | 0.6x |
| 2026-08 | 10.5x | ₹422 cr | 6.6% | 9.0% | 0.6x |
| 2026-07 | 11.6x | ₹422 cr | 6.6% | 9.0% | 0.6x |
| 2026-06 | 12.6x | ₹422 cr | 6.6% | 9.0% | 0.6x |
| 2026-05 | 11.9x | ₹441 cr | 7.6% | 12.0% | 0.6x |
| 2026-04 | 11.0x | ₹441 cr | 7.6% | 12.0% | 0.6x |
| 2026-03 | 7.7x | ₹441 cr | 7.6% | 12.0% | 0.6x |
| 2026-02 | 10.2x | ₹459 cr | 8.3% | 12.0% | 0.6x |
| 2026-01 | 9.8x | ₹459 cr | 8.3% | 12.0% | 0.6x |
| 2025-12 | 10.9x | ₹459 cr | 8.3% | 12.0% | 0.6x |
| 2025-11 | 12.9x | ₹456 cr | 8.1% | 12.0% | 0.6x |
| 2025-10 | 14.8x | ₹456 cr | 8.1% | 12.0% | 0.6x |
| 2025-09 | 16.8x | ₹456 cr | 8.1% | 12.0% | 0.6x |
| 2025-08 | 16.7x | ₹452 cr | 8.1% | 12.0% | 0.6x |
| 2025-07 | 17.7x | ₹452 cr | 8.1% | 12.0% | 0.6x |
| 2025-06 | 20.3x | ₹452 cr | 8.1% | 12.0% | 0.6x |
| 2025-05 | 22.4x | ₹440 cr | 10.9% | 9.0% | 0.9x |
| 2025-04 | 19.3x | ₹440 cr | 10.9% | 9.0% | 0.9x |
| 2025-03 | 15.1x | ₹440 cr | 10.9% | 9.0% | 0.9x |
| 2025-02 | 19.1x | ₹440 cr | 10.6% | 9.0% | 0.9x |
| 2025-01 | 22.9x | ₹440 cr | 10.6% | 9.0% | 0.9x |
| 2024-12 | 26.0x | ₹440 cr | 10.6% | 9.0% | 0.9x |
| 2024-11 | 36.3x | ₹438 cr | 8.4% | 9.0% | 0.9x |
| 2024-10 | 35.9x | ₹438 cr | 8.4% | 9.0% | 0.9x |
| 2024-09 | 43.4x | ₹438 cr | 8.4% | 9.0% | 0.9x |
| 2024-08 | 61.0x | ₹420 cr | 6.4% | 9.0% | 0.9x |
| 2024-07 | 44.9x | ₹420 cr | 6.4% | 9.0% | 0.9x |
| 2024-06 | 45.2x | ₹420 cr | 6.4% | 9.0% | 0.9x |
| 2024-05 | 64.7x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2024-04 | 69.0x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2024-03 | 66.1x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2024-02 | 96.0x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2024-01 | 99.3x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2023-12 | 85.4x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2023-11 | 81.1x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2023-10 | 61.6x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2023-09 | 67.1x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2023-08 | 54.1x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2023-07 | 64.7x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2023-06 | 63.0x | ₹396 cr | 2.7% | 7.0% | 0.8x |
| 2023-05 | 49.0x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2023-04 | 51.9x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2023-03 | 40.2x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2023-02 | 57.7x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2023-01 | 75.4x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2022-12 | 92.1x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2022-11 | 78.7x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2022-10 | 93.2x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2022-09 | 97.2x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2022-08 | 103.8x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2022-07 | 107.0x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2022-06 | 136.0x | ₹384 cr | 2.2% | 7.0% | 0.5x |
| 2022-05 | 1332.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2022-04 | 1681.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2022-03 | 1260.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2022-02 | 1518.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2022-01 | 1361.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2021-12 | 1267.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2021-11 | 535.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2021-10 | 607.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2021-09 | 598.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2021-08 | 708.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2021-07 | 872.0x | ₹342 cr | 0.2% | — | 0.4x |
| 2021-06 | 1005.0x | ₹342 cr | 0.2% | — | 0.4x |