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EID PARRY (INDIA) LTD (EIDPARRY)

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.48 / 100
Profitability 53Growth 35Balance sheet 56
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.41 / 100
Price 17Earnings 32FII/DII 76

Passes these screensDebt-light & profitable

Compare withPATANJALI FOODSGODREJ INDUSTRIESAWL AGRI BUSINESS

Share price

Closing priceAdjusted for splits and bonus issues.

₹644.55 latest close · −13.2% over the last 90 sessions

₹600₹700₹800Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹600₹700₹800Jul 3Sep 4Nov 9

₹644.55 month-end · −37.5% over 12 months

₹600₹800₹1,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹600₹800₹1,000Nov '25May '26Nov '26

₹644.55 month-end · +20.5% over 3 years

₹500₹750₹1,000₹1,250Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹500₹750₹1,000₹1,250Nov '23May '25Nov '26

₹644.55 month-end · +218.5% since Jan '19

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

52-week range ₹594.35 to ₹1081.00 · 1-year volatility 28.4%

Was the rally earned?

-38%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 64 points, while the multiple moved less (P/E 17.7x to 24.7x).
  • The share count rose 36%.
Net profit growth: −39 pts. Points of the price return explained by net profit growing (or shrinking).−39 ptsNet profit growthP/E change: +26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+26 ptsP/E changeShare count change: −24 pts. Points of the price return explained by the share count changing. More shares count against the price.−24 ptsShare count changeShare price: −37%−37%Share priceNet profit growth: −39 pts. Points of the price return explained by net profit growing (or shrinking).−39ProfitP/E change: +26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+26P/EShare count change: −24 pts. Points of the price return explained by the share count changing. More shares count against the price.−24SharesShare price: −37%−37%Share price
Net profit growth-39 ptsNet profit fell about 39%, which lowers the price.
P/E change+26 ptsThe P/E rose from 17.7x to 24.7x, which lifts the price.
Share count change-24 ptsShare count rose 36%, which lowers the price.
+21%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 10.0x to 24.7x); per-share earnings took off 78 points.
  • The share count rose 37%.
Net profit growth: −44 pts. Points of the price return explained by net profit growing (or shrinking).−44 ptsNet profit growthP/E change: +99 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+99 ptsP/E changeShare count change: −35 pts. Points of the price return explained by the share count changing. More shares count against the price.−35 ptsShare count changeShare price: +21%+21%Share priceNet profit growth: −44 pts. Points of the price return explained by net profit growing (or shrinking).−44ProfitP/E change: +99 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+99P/EShare count change: −35 pts. Points of the price return explained by the share count changing. More shares count against the price.−35SharesShare price: +21%+21%Share price
Net profit growth-44 ptsNet profit fell about 33%, which lowers the price.
P/E change+99 ptsThe P/E rose from 10.0x to 24.7x, which lifts the price.
Share count change-35 ptsShare count rose 37%, which lowers the price.
+38%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 18.5x to 24.7x); per-share earnings added 4 points.
  • The share count rose 19%.
Net profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24 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: −20 pts. Points of the price return explained by the share count changing. More shares count against the price.−20 ptsShare count changeShare price: +38%+38%Share priceNet profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24ProfitP/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: −20 pts. Points of the price return explained by the share count changing. More shares count against the price.−20SharesShare price: +38%+38%Share price
Net profit growth+24 ptsNet profit rose about 23%, which lifts the price.
P/E change+34 ptsThe P/E rose from 18.5x to 24.7x, which lifts the price.
Share count change-20 ptsShare count rose 19%, which lowers 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-55.1%recovered 2020-06
1-year volatility28.4%annualised
Beta vs sector index1.043-year daily, correlation 0.54
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−51.4% 0%−20%−40%2020202220242026−51.4%
Largest drawdowns

-55.1% (2020-02 peak to 2020-03 low, recovered 2020-06)

-51.4% (2025-07 peak to 2026-10 low, not yet recovered)

-37.8% (2019-01 peak to 2019-07 low, recovered 2020-01)

Most recent volume spikes

2026-08-24: 18.7x the 50-day median, price +3.3% that day

2026-08-20: 7.3x the 50-day median, price +2.9% 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?

24.7xP/E todayNear its historic high
Against its own history96th percentile
CheapestMedian 16.0xDearest

Usual range 10.1x to 22.5x since 2019-01.

Against Process Industries24.7x vs 18.1x
This company
24.7x
Sector median
18.1x

36% above the Process Industries median.

6.8x15.4x24.1x32.7xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x15.4x24.1x32.7xJan '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

  • ROCE72ndflat vs a year ago
  • Op. margin34th▼ 10 pts vs a year ago
  • Revenue growth69thflat vs a year ago
  • EPS growth12th▼ 49 pts vs a year ago
  • Debt/equity ↓47th▼ 7 pts vs a year ago
  • Cash cycle ↓91stflat vs a year ago
  • P/E ↓35th▼ 23 pts vs a year ago
  • 12M momentum11th▼ 74 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?

~14%annual earnings growth implied by the priceIn line with delivered growth

At normalised P/E (five-year average earnings) of 18.5x, a holder earning 12%/yr needs earnings to grow about 13.8%/yr for 10 years, then trade at 15x.

Delivered16.2%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−2.4 ptsimplied minus delivered
Rank579thmost demanding of 856

Over time

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

0%12%25% Jan 2019Nov 2026 0%12%25% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x15.3%16.3%17.4%
15x12.8%13.8%14.9%
20x9.7%10.7%11.7%

Drag a slider to test other assumptions

Implied: 13.8%/yr

Looking back

  • Jan 2020Price implied 18%/yr; EPS has since grown 18%/yr (7.0 yrs)
  • Jan 2021Price implied 15%/yr; EPS has since grown 8%/yr (6.0 yrs)
  • Jan 2022Price implied 18%/yr; EPS has since grown 7%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹644.55
P/E
24.7x
ROCE
17.0%
Market Cap
₹11478 cr
Revenue (TTM)
₹38836 cr
P/S
0.3x
P/B
1.3x
ROE
5.3%
Operating Margin
8.0%
Debt / Equity
0.4x
Promoter Holding
41.3%
12M Momentum
-37.5%

52-week range

₹594.35₹1081.00
10% of the way from its 52-week low to its high

Price risk

1Y volatility
28.4%
Beta vs sector
1-year daily
1.03

Balance sheet & cash

Interest cover
operating profit ÷ interest
5.1x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.14x
Share count, 1Y
unchanged

Are profits backed by cash?

7 of 7checks within rangeAll clear
Other income reliance-10%Within range

Other income as a share of pre-tax profit (trailing twelve months): -9.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 27.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.14xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.14x (cash from operations ₹5,452 cr, net profit ₹4,771 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+2 daysWithin range

Debtor days are above the median of the previous three fiscal years by 2 days (22 vs 20). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress4% of fixed assetsWithin range

Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-5 days / 2 yrsWithin range

Days payable changed by -5 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, DIIs added 12.2 pts; promoters trimmed 3.2 pts; FIIs added 2.2 pts.
  • The number of shareholders rose from 1.1 lakh to 1.2 lakh (+16%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters44.5%41.3%-3.2 pts
FIIs9.0%11.2%+2.2 pts
DIIs4.5%16.7%+12.2 pts
Public and others41.9%30.8%-11.1 pts

Number of shareholders

1.2 lakhshareholders+16% since Sep '23
1.1L1.1L1.2L1.3L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.1 lakh
Dec '23: 1.1 lakh
Mar '24: 1.1 lakh
Jun '24: 1.2 lakh
Sep '24: 1.3 lakh
Dec '24: 1.3 lakh
Mar '25: 1.3 lakh
Jun '25: 1.2 lakh
Sep '25: 1.2 lakh
Dec '25: 1.1 lakh
Mar '26: 1.1 lakh
Jun '26: 1.2 lakh
 1.1L1.1L1.2L1.3L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.1 lakh
Dec '23: 1.1 lakh
Mar '24: 1.1 lakh
Jun '24: 1.2 lakh
Sep '24: 1.3 lakh
Dec '24: 1.3 lakh
Mar '25: 1.3 lakh
Jun '25: 1.2 lakh
Sep '25: 1.2 lakh
Dec '25: 1.1 lakh
Mar '26: 1.1 lakh
Jun '26: 1.2 lakh

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

−9.3%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 EID PARRY (INDIA) 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 −29% to +16% vs the market, against −10% for all non-financial companies in the same months.
  • The gap against the base rate (+0.9%, 80% range −4.9% to +8.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%
CONFIPET · Feb 2025: −49.0% vs market
BAJAJELEC · Aug 2025: −47.0% vs market
ROUTE · Jul 2025: −43.2% vs market
GTPL · May 2025: −41.5% vs market
EMIL · Jan 2025: −41.5% vs market
NCC · Jul 2025: −38.5% vs market
HITECH · Oct 2025: −36.9% vs market
QUESS · Jul 2022: −36.7% vs market
HMAAGRO · May 2025: −36.7% vs market
LANDMARK · May 2024: −33.8% vs market
HUHTAMAKI · Aug 2021: −33.7% vs market
AWL · Jun 2025: −29.5% vs market
DOLLAR · Oct 2025: −29.5% vs market
TEAMLEASE · Jun 2025: −29.0% vs market
VENKEYS · Mar 2023: −27.9% vs market
ALICON · Aug 2025: −26.9% vs market
GLENMARK · Dec 2021: −22.6% vs market
VARROC · Feb 2020: −21.2% vs market
BIRLACORPN · Dec 2024: −18.6% vs market
KIRLOSIND · May 2025: −17.5% vs market
RAJESHEXPO · Oct 2020: −13.4% vs market
SIS · Dec 2024: −12.5% vs market
NILKAMAL · Sep 2024: −12.4% vs market
INDOCO · Oct 2024: −12.3% vs market
GMMPFAUDLR · Nov 2024: −11.5% vs market
LUXIND · Oct 2025: −7.1% vs market
JKLAKSHMI · Apr 2024: −4.0% vs market
PDSL · Jul 2025: −2.2% vs market
BBTC · Mar 2022: −0.7% vs market
BANSALWIRE · Oct 2025: −0.5% vs market
VAIBHAVGBL · Aug 2025: −0.4% vs market
SOMANYCERA · May 2025: +0.8% vs market
SANDHAR · Jun 2021: +1.6% vs market
PSPPROJECT · Jun 2024: +8.5% vs market
ISGEC · May 2022: +10.2% vs market
GODREJAGRO · Aug 2023: +10.9% vs market
SUDARSCHEM · Dec 2022: +10.9% vs market
KEC · Apr 2022: +17.1% vs market
CEATLTD · Sep 2021: +18.7% vs market
GREENPLY · Apr 2023: +20.2% vs market
BANARISUG · Dec 2023: +22.1% vs market
TVSSRICHAK · Jan 2025: +23.1% vs market
GOODLUCK · Jan 2025: +23.8% vs market
VRLLOG · Sep 2020: +41.1% vs market
SHANKARA · Jun 2024: +46.7% vs market
RRKABEL · Feb 2025: +48.7% vs market
WABAG · May 2022: +70.2% vs market
MOTHERSON · Aug 2025: +70.9% vs market
APOLLOTYRE · Feb 2022: +71.3% vs market
ARVIND · Aug 2025: +83.7% vs market
Similar setups −9.3%All companies −10.2%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−9.3%
All companies' median
−10.2%
Beat the market
38% vs 38%

50 past situations · 50 companies · 31 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PDSL
Consumer Non-Durables		 Jul 2025 32x16% −39%−46% −2%
QUESS
Commercial Services		 Jul 2022 15x13% −32%−39% −37%
SIS
Commercial Services		 Dec 2024 32x10% −21%−31% −13%
SOMANYCERA
Producer Manufacturing		 May 2025 28x14% −33%−43% +1%
TEAMLEASE
Commercial Services		 Jun 2025 31x13% −31%−42% −29%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KEC
Industrial Services		 Apr 2022 19x21% −1%−25% +17%
RAJESHEXPO
Consumer Durables		 Oct 2020 11x11% −32%−39% −13%
TVSSRICHAK
Consumer Durables		 Jan 2025 37x11% −30%−35% +23%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and operating margin. 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 EID PARRY (INDIA) 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.

JK LAKSHMI CEMENTJKLAKSHMI
Non-Energy Minerals
63%similar
volatilityrevenue growth
DR REDDYS LABORATORIESDRREDDY
Health Technology
62%similar
revenueEPS growth
NCCNCC
Consumer Durables
60%similar
ROCEdebt/equity
KIRLOSKAR FERROUS INDUSTRIES LKIRLFER
Non-Energy Minerals
59%similar
volatilitymarket cap
MPHASISMPHASIS
Technology Services
54%similar
P/Evolatility
ARVINDARVIND
Process Industries
66%similar
debt/equitypromoter holding
COROMANDEL INTERNATIONAL LIMITCOROMANDEL
Process Industries
61%similar
revenue growthrevenue
UPLUPL
Process Industries
61%similar
revenueEPS growth

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

What changed?

30 events since May '24

  1. OctPriceFell 51% from the Jul 2025 peak to the Oct 2026 low.
  2. AugPriceVolume reached 18.7x its 50-day median on 2026-08-24; price +3.3% that day.
  3. JunResultsYear-on-year EPS growth turned negative.
  4. JunValuationP/E crossed above the 90th percentile of its own history to date (22.3x).
  5. JunPeer rankSlipped to the bottom quartile of Process Industries on EPS growth (from the top quartile).
  6. AprPriceVolume reached 7.0x its 50-day median on 2026-04-23; price -0.1% that day.
  7. MarPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  8. DecResultsRevenue (TTM) reached a new high of ₹35,875 cr.
Show 22 earlier events
  1. DecPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
  2. NovPriceVolume reached 6.4x its 50-day median on 2025-11-12; price +3.0% that day.
  3. SepResultsYear-on-year EPS growth turned positive.
  4. SepPeer rankMoved into the 2nd quartile of Process Industries on EPS growth (from the 3rd quartile).
  5. AugPeer rankSlipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).
  6. AugPriceVolume reached 5.3x its 50-day median on 2025-08-06; price +0.1% that day.
  7. JunDividendDividend payout cut from 8% to 0% of profit.
  8. JunPriceVolume reached 8.6x its 50-day median on 2025-06-25; price +8.7% that day.
  9. MayPriceRegained the 2024-12 peak, 2 months after the low.
  10. MayValuationP/E crossed above the 90th percentile of its own history to date (20.8x).
  11. MarInstitutionsFII + DII holding rose 3.3 pts over 2 quarters to 25.9%.
  12. MarPriceFell 33% from the Dec 2024 peak to the Mar 2025 low.
  13. MarPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  14. DecValuationP/E crossed above the 90th percentile of its own history to date (21.6x).
  15. DecPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
  16. DecPriceVolume reached 22.2x its 50-day median on 2024-12-18; price +4.9% that day.
  17. AugPriceVolume reached 9.4x its 50-day median on 2024-08-30; price +1.7% that day.
  18. JunResultsYear-on-year EPS growth turned negative.
  19. JunInstitutionsFII + DII holding rose 7.2 pts over 2 quarters to 20.7%.
  20. JunDividendDividend payout cut from 18% to 8% of profit.
  21. JunPriceVolume reached 31.3x its 50-day median on 2024-06-19; price +11.1% that day.
  22. MayPriceRegained the 2022-10 peak, 14 months after the 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1124.7x₹38836 cr5.3%17.0%0.4x
2026-1023.0x₹38836 cr5.3%17.0%0.4x
2026-0926.2x₹38836 cr5.3%17.0%0.4x
2026-0825.0x₹38538 cr6.0%17.0%0.4x
2026-0723.7x₹38538 cr6.0%17.0%0.4x
2026-0622.3x₹38538 cr6.0%17.0%0.4x
2026-0511.3x₹37467 cr10.5%17.0%0.3x
2026-0412.6x₹37467 cr10.5%17.0%0.3x
2026-0311.6x₹37467 cr10.5%17.0%0.3x
2026-0213.4x₹35875 cr10.4%17.0%0.3x
2026-0114.2x₹35875 cr10.4%17.0%0.3x
2025-1216.0x₹35875 cr10.4%17.0%0.3x
2025-1117.7x₹33581 cr9.6%17.0%0.3x
2025-1018.4x₹33581 cr9.6%17.0%0.3x
2025-0917.6x₹33581 cr9.6%17.0%0.3x
2025-0822.8x₹31608 cr8.5%17.0%0.3x
2025-0724.9x₹31608 cr8.5%17.0%0.3x
2025-0622.5x₹31608 cr8.5%17.0%0.3x
2025-0520.8x₹30354 cr8.2%20.0%0.2x
2025-0417.9x₹30354 cr8.2%20.0%0.2x
2025-0317.2x₹30354 cr8.2%20.0%0.2x
2025-0216.0x₹29404 cr7.1%20.0%0.2x
2025-0119.8x₹29404 cr7.1%20.0%0.2x
2024-1221.6x₹29404 cr7.1%20.0%0.2x
2024-1117.3x₹29133 cr8.2%20.0%0.2x
2024-1016.2x₹29133 cr8.2%20.0%0.2x
2024-0917.3x₹29133 cr8.2%20.0%0.2x
2024-0816.4x₹29412 cr8.7%20.0%0.2x
2024-0716.2x₹29412 cr8.7%20.0%0.2x
2024-0615.1x₹29412 cr8.7%20.0%0.2x
2024-0512.5x₹35244 cr11.4%27.0%0.3x
2024-0411.6x₹35244 cr11.4%27.0%0.3x
2024-0310.2x₹35244 cr11.4%27.0%0.3x
2024-0211.8x₹35244 cr11.4%27.0%0.3x
2024-0111.7x₹35244 cr11.4%27.0%0.3x
2023-1210.4x₹35244 cr11.4%27.0%0.3x
2023-1110.0x₹35244 cr11.4%27.0%0.3x
2023-108.6x₹35244 cr11.4%27.0%0.3x
2023-099.8x₹35244 cr11.4%27.0%0.3x
2023-089.0x₹35244 cr11.4%27.0%0.3x
2023-079.3x₹35244 cr11.4%27.0%0.3x
2023-068.7x₹35244 cr11.4%27.0%0.3x
2023-059.2x₹23521 cr11.2%26.0%0.2x
2023-049.8x₹23521 cr11.2%26.0%0.2x
2023-039.2x₹23521 cr11.2%26.0%0.2x
2023-029.8x₹23521 cr11.2%26.0%0.2x
2023-0110.6x₹23521 cr11.2%26.0%0.2x
2022-1211.1x₹23521 cr11.2%26.0%0.2x
2022-1111.8x₹23521 cr11.2%26.0%0.2x
2022-1012.1x₹23521 cr11.2%26.0%0.2x
2022-0911.7x₹23521 cr11.2%26.0%0.2x
2022-0810.4x₹23521 cr11.2%26.0%0.2x
2022-0711.0x₹23521 cr11.2%26.0%0.2x
2022-0610.4x₹23521 cr11.2%26.0%0.2x
2022-0522.0x₹18556 cr8.3%21.0%0.3x
2022-0421.0x₹18556 cr8.3%21.0%0.3x
2022-0317.9x₹18556 cr8.3%21.0%0.3x
2022-0216.4x₹18556 cr8.3%21.0%0.3x
2022-0119.2x₹18556 cr8.3%21.0%0.3x
2021-1217.9x₹18556 cr8.3%21.0%0.3x

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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