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EMAMI LIMITED (EMAMILTD)

Consumer Non-Durables · Household/Personal Care · 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.75 / 100
Profitability 85Growth 41Balance 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.39 / 100
Price 67Earnings 26FII/DII 24

Passes these screensQuality CompounderDebt-light & profitable

Compare withHINDUSTAN UNILEVERMARICOGODREJ CONSUMER PRODUCTS

Share price

Closing priceAdjusted for splits and bonus issues.

₹410.4 latest close · −2.3% over the last 90 sessions

₹375₹400₹425Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹375₹400₹425Jul 3Sep 4Nov 9

₹410.4 month-end · −22.6% over 12 months

₹400₹500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹400₹500Nov '25May '26Nov '26

₹410.4 month-end · −18.9% over 3 years

₹400₹600₹800Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹400₹600₹800Nov '23May '25Nov '26

₹410.4 month-end · −0.1% since Jan '19

₹200₹400₹600₹800Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹200₹400₹600₹800Jan '19Dec '22Nov '26

52-week range ₹357.00 to ₹550.90 · 1-year volatility 26.3%

Was the rally earned?

-23%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings took off 8 points and the multiple took off 15 points (P/E 28.3x to 23.9x).
  • The share count barely moved.
Net profit growth: −8 pts. Points of the price return explained by net profit growing (or shrinking).−8 ptsNet profit growthP/E change: −15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−15 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −23%−23%Share priceNet profit growth: −8 pts. Points of the price return explained by net profit growing (or shrinking).−8ProfitP/E change: −15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−15P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −23%−23%Share price
Net profit growth-8 ptsNet profit fell about 8%, which lowers the price.
P/E change-15 ptsThe P/E fell from 28.3x to 23.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-19%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 15 points, but investors now pay less per rupee of profit (P/E 34.9x to 23.9x), which took 34 points back.
  • The share count barely moved.
Net profit growth: +16 pts. Points of the price return explained by net profit growing (or shrinking).+16 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: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1 ptsShare count changeShare price: −19%−19%Share priceNet profit growth: +16 pts. Points of the price return explained by net profit growing (or shrinking).+16ProfitP/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: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −19%−19%Share price
Net profit growth+16 ptsNet profit rose about 19%, which lifts the price.
P/E change-34 ptsThe P/E fell from 34.9x to 23.9x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
-22%share price, 5 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 46 points, but investors now pay less per rupee of profit (P/E 51.5x to 23.9x), which took 68 points back.
  • The share count barely moved.
Net profit growth: +44 pts. Points of the price return explained by net profit growing (or shrinking).+44 ptsNet profit growthP/E change: −68 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−68 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: −22%−22%Share priceNet profit growth: +44 pts. Points of the price return explained by net profit growing (or shrinking).+44ProfitP/E change: −68 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−68P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: −22%−22%Share price
Net profit growth+44 ptsNet profit rose about 64%, which lifts the price.
P/E change-68 ptsThe P/E fell from 51.5x to 23.9x, which lowers the price.
Share count change+2 ptsShare count was little changed. More shares would count against 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 HINDUSTAN UNILEVER

How rough has the ride been?

Maximum drawdown-64.9%recovered 2020-11
1-year volatility26.3%annualised
Beta vs sector index0.983-year daily, correlation 0.41
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−64.4% 0%−20%−40%−60%2020202220242026−64.4%
Largest drawdowns

-64.9% (2019-01 peak to 2020-03 low, recovered 2020-11)

-57.2% (2024-08 peak to 2026-10 low, not yet recovered)

-43.6% (2021-08 peak to 2023-03 low, recovered 2024-05)

Most recent volume spikes

2026-09-23: 5.1x the 50-day median, price +0.4% that day

2026-09-17: 11.9x the 50-day median, price +1.8% that day

2026-09-09: 11.8x the 50-day median, price +1.5% 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?

23.9xP/E todayNear its historic low
Against its own history17th percentile
CheapestMedian 35.2xDearest

Usual range 22.2x to 58.2x since 2019-01.

Against Consumer Non-Durables23.9x vs 26.8x
This company
23.9x
Sector median
26.8x

11% below the Consumer Non-Durables median.

14.2x34.5x54.8x75.1xJan '19Aug '20Mar '22Oct '23May '25Nov '2614.2x34.5x54.8x75.1xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables 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 Consumer Non-Durables is valued

Where does it rank among Consumer Non-Durables peers?

Each cell is the company's percentile rank among its Consumer Non-Durables 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

  • ROCE87th▼ 4 pts vs a year ago
  • Op. margin84th▼ 4 pts vs a year ago
  • Revenue growth36thflat vs a year ago
  • EPS growth23rd▼ 41 pts vs a year ago
  • Debt/equity ↓82nd▼ 3 pts vs a year ago
  • Cash cycle ↓89thflat vs a year ago
  • P/E ↓54th▼ 9 pts vs a year ago
  • 12M momentum38thflat 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 Consumer Non-Durables sector page Watch it move against Consumer Non-Durables 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 23.8x, a holder earning 12%/yr needs earnings to grow about 14.0%/yr for 10 years, then trade at 15x.

Delivered14.1%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−0.2 ptsimplied minus delivered
Rank530thmost demanding of 856

Over time

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

-8%11%29% Jan 2019Nov 2026 -8%11%29% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x15.1%16.1%17.1%
15x12.9%14.0%15.0%
20x10.2%11.2%12.2%

Drag a slider to test other assumptions

Implied: 14.0%/yr

Looking back

  • Jan 2020Price implied 22%/yr; EPS has since grown 15%/yr (7.0 yrs)
  • Jan 2021Price implied 29%/yr; EPS has since grown 18%/yr (6.0 yrs)
  • Jan 2022Price implied 27%/yr; EPS has since grown 11%/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 Consumer Non-Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹410.40
P/E
23.9x
ROCE
28.0%
Market Cap
₹17901 cr
Revenue (TTM)
₹3915 cr
P/S
4.6x
P/B
6.1x
ROE
25.6%
Operating Margin
22.0%
Debt / Equity
0.1x
Promoter Holding
54.8%
12M Momentum
-22.6%

52-week range

₹357.00₹550.90
28% of the way from its 52-week low to its high

Price risk

1Y volatility
26.3%
Beta vs sector
1-year daily
0.88

Balance sheet & cash

Interest cover
operating profit ÷ interest
57.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.08x
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): 8.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate13%Near threshold

Median quarterly effective tax rate over about 2.5 years: 12.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.08xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.08x (cash from operations ₹2,476 cr, net profit ₹2,302 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-11 daysWithin range

Debtor days are below the median of the previous three fiscal years by 11 days (33 vs 44). 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+10 days / 2 yrsWithin range

Days payable changed by +10 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 4.0 pts; DIIs added 1.8 pts.
  • The number of shareholders rose from 79,216 to 1.3 lakh (+66%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters54.8%54.8%0.0 pts
FIIs11.9%7.9%-4.0 pts
DIIs25.2%27.0%+1.8 pts
Public and others8.1%10.3%+2.2 pts

Number of shareholders

1.3 lakhshareholders+66% since Sep '23
79k97k1.1L1.3L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 79,216
Dec '23: 82,151
Mar '24: 91,334
Jun '24: 97,258
Sep '24: 1.3 lakh
Dec '24: 1.3 lakh
Mar '25: 1.3 lakh
Jun '25: 1.3 lakh
Sep '25: 1.3 lakh
Dec '25: 1.3 lakh
Mar '26: 1.3 lakh
Jun '26: 1.3 lakh
 79k97k1.1L1.3L Sep '23Sep '24Sep '25Jun '26
Sep '23: 79,216
Dec '23: 82,151
Mar '24: 91,334
Jun '24: 97,258
Sep '24: 1.3 lakh
Dec '24: 1.3 lakh
Mar '25: 1.3 lakh
Jun '25: 1.3 lakh
Sep '25: 1.3 lakh
Dec '25: 1.3 lakh
Mar '26: 1.3 lakh
Jun '26: 1.3 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

−2.9%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 EMAMI 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 −22% to +22% vs the market, against −6% for all non-financial companies in the same months.
  • The gap against the base rate (+2.6%, 80% range −5.5% to +8.3%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ARE&M · Mar 2021: −49.1% vs market
CELLO · Oct 2025: −47.1% vs market
JYOTHYLAB · Aug 2025: −44.5% vs market
SANOFI · Aug 2025: −43.6% vs market
PIIND · Oct 2025: −38.0% vs market
TTKPRESTIG · Mar 2023: −35.4% vs market
DEEPAKNTR · Aug 2024: −33.4% vs market
IPCALAB · Jun 2022: −31.1% vs market
ROLEXRINGS · Jan 2024: −30.7% vs market
IGL · Sep 2021: −25.8% vs market
GRINDWELL · Jan 2025: −24.5% vs market
VGUARD · Apr 2021: −23.3% vs market
AIAENG · Aug 2024: −22.8% vs market
LTTS · Aug 2025: −20.7% vs market
VINATIORGA · Dec 2024: −16.5% vs market
CERA · Aug 2025: −15.7% vs market
RATNAMANI · Jun 2025: −14.5% vs market
GLAXO · Jul 2022: −13.5% vs market
INDIGOPNTS · Jul 2025: −12.1% vs market
ATUL · Dec 2021: −11.9% vs market
FINCABLES · Apr 2020: −11.2% vs market
BERGEPAINT · Jan 2025: −7.7% vs market
BHARATRAS · Sep 2021: −6.3% vs market
DHANUKA · Jun 2022: −4.1% vs market
PGHL · Jan 2024: −3.0% vs market
3MINDIA · Apr 2024: −2.8% vs market
CENTURYPLY · Oct 2023: −1.5% vs market
SUNTV · Jul 2022: 0% vs market
TATATECH · Jul 2025: +1.0% vs market
ACC · Sep 2021: +6.8% vs market
ERIS · Aug 2022: +7.1% vs market
KAJARIACER · Apr 2022: +7.4% vs market
ABBOTINDIA · May 2024: +11.9% vs market
INDGN · Oct 2025: +15.0% vs market
POLYCAB · Jul 2021: +16.4% vs market
CAPLIPOINT · May 2023: +20.2% vs market
MARICO · Aug 2024: +21.6% vs market
CRISIL · May 2024: +21.7% vs market
GARFIBRES · Jul 2024: +24.4% vs market
SUMICHEM · Apr 2024: +24.8% vs market
AJANTPHARM · Dec 2022: +35.4% vs market
JBCHEPHARM · Aug 2022: +44.0% vs market
INGERRAND · Feb 2021: +48.9% vs market
SUPREMEIND · Jun 2022: +50.7% vs market
CUMMINSIND · Mar 2020: +56.6% vs market
OFSS · Jan 2023: +60.9% vs market
HAPPYFORGE · Jul 2025: +65.9% vs market
CARBORUNIV · Aug 2020: +93.4% vs market
COHANCE · Feb 2024: +101.2% vs market
NEWGEN · Jan 2023: +186.1% vs market
Similar setups −2.9%All companies −5.5%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge

Similar setups' median
−2.9%
All companies' median
−5.5%
Beat the market
44% vs 44%

50 past situations · 50 companies · 30 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
AJANTPHARM
Health Technology		 Dec 2022 22x29% −19%−22% +35%
ATUL
Process Industries		 Dec 2021 41x24% +41%−17% −12%
AIAENG
Producer Manufacturing		 Aug 2024 36x23% +16%−11% −23%
ERIS
Health Technology		 Aug 2022 23x25% −6%−17% +7%
PIIND
Process Industries		 Oct 2025 34x23% −20%−24% −38%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TATATECH
Technology Services		 Jul 2025 42x26% −30%−37% +1%
CUMMINSIND
Producer Manufacturing		 Mar 2020 12x24% −56%−59% +57%
CARBORUNIV
Process Industries		 Aug 2020 19x18% −5%−23% +93%
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 P/S. 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 EMAMI 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.

CASTROL INDIACASTROLIND
Energy Minerals
75%similar
market capvolatility
KAJARIA CERAMICSKAJARIACER
Producer Manufacturing
74%similar
revenue growthmarket cap
AIA ENGINEERINGAIAENG
Producer Manufacturing
73%similar
P/EEPS growth
USHA MARTINUSHAMART
Producer Manufacturing
70%similar
revenuerevenue growth
PROCTER AND GAMBLE HEALTHPGHL
Health Technology
69%similar
volatilityrevenue growth
JYOTHY LABSJYOTHYLAB
Consumer Non-Durables
74%similar
ROCErevenue growth
DABUR INDIADABUR
Consumer Non-Durables
66%similar
EPS growthvolatility
HINDUSTAN UNILEVERHINDUNILVR
Consumer Non-Durables
65%similar
ROCEoperating margin

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

What changed?

30 events since Jun '22

  1. OctPriceFell 57% from the Aug 2024 peak to the Oct 2026 low.
  2. SepResultsRevenue (TTM) reached a new high of ₹3,915 cr.
  3. SepPeer rankSlipped to the bottom quartile of Consumer Non-Durables on EPS growth (from the 3rd quartile).
  4. SepPriceVolume reached 11.9x its 50-day median on 2026-09-17; price +1.8% that day.
  5. JunResultsYear-on-year EPS growth turned negative.
  6. JunPriceVolume reached 5.8x its 50-day median on 2026-06-23; price -1.4% that day.
  7. MarResultsYear-on-year EPS growth turned positive.
  8. MarValuationP/E fell below the 10th percentile of its own history to date (21.6x).
Show 22 earlier events
  1. FebPriceVolume reached 9.2x its 50-day median on 2026-02-05; price +2.9% that day.
  2. DecResultsYear-on-year EPS growth turned negative.
  3. DecPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  4. DecPriceVolume reached 6.3x its 50-day median on 2025-12-31; price +0.1% that day.
  5. AugPriceVolume reached 19.2x its 50-day median on 2025-08-25; price -4.3% that day.
  6. JanPriceVolume reached 5.6x its 50-day median on 2025-01-28; price +3.8% that day.
  7. JulPriceVolume reached 15.7x its 50-day median on 2024-07-01; price +4.6% that day.
  8. JunResultsYear-on-year EPS growth turned positive.
  9. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on EPS growth (from the bottom quartile).
  10. MayPriceRegained the 2021-08 peak, 14 months after the low.
  11. MayPriceVolume reached 23.3x its 50-day median on 2024-05-30; price +16.8% that day.
  12. JanPriceVolume reached 6.7x its 50-day median on 2024-01-01; price +1.6% that day.
  13. DecPriceVolume reached 12.8x its 50-day median on 2023-12-29; price +5.8% that day.
  14. AugPriceVolume reached 11.4x its 50-day median on 2023-08-08; price +7.1% that day.
  15. JunResultsYear-on-year EPS growth turned negative.
  16. JunPeer rankSlipped to the bottom quartile of Consumer Non-Durables on EPS growth (from the top quartile).
  17. JunPriceVolume reached 12.8x its 50-day median on 2023-06-15; price +0.6% that day.
  18. MarPriceFell 44% from the Aug 2021 peak to the Mar 2023 low.
  19. MarPriceVolume reached 21.4x its 50-day median on 2023-03-22; price +6.2% that day.
  20. DecPriceVolume reached 6.1x its 50-day median on 2022-12-06; price -2.9% that day.
  21. JunResultsRevenue (TTM) reached a new high of ₹3,192 cr.
  22. JunValuationP/E fell below the 10th percentile of its own history to date (22.1x).

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
2026-1123.9x₹3915 cr25.6%28.0%0.1x
2026-1021.0x₹3915 cr25.6%28.0%0.1x
2026-0922.1x₹3915 cr25.6%28.0%0.1x
2026-0820.5x₹3780 cr26.5%28.0%0.1x
2026-0722.4x₹3780 cr26.5%28.0%0.1x
2026-0622.8x₹3780 cr26.5%28.0%0.1x
2026-0521.9x₹3818 cr29.4%32.0%0.0x
2026-0424.4x₹3818 cr29.4%32.0%0.0x
2026-0321.6x₹3818 cr29.4%32.0%0.0x
2026-0226.8x₹3715 cr27.9%32.0%0.0x
2026-0128.0x₹3715 cr27.9%32.0%0.0x
2025-1230.6x₹3715 cr27.9%32.0%0.0x
2025-1128.3x₹3807 cr30.3%32.0%0.0x
2025-1028.5x₹3807 cr30.3%32.0%0.0x
2025-0928.7x₹3807 cr30.3%32.0%0.0x
2025-0831.0x₹3809 cr29.8%32.0%0.0x
2025-0732.5x₹3809 cr29.8%32.0%0.0x
2025-0630.9x₹3809 cr29.8%32.0%0.0x
2025-0532.2x₹3737 cr32.2%32.0%0.0x
2025-0434.4x₹3737 cr32.2%32.0%0.0x
2025-0331.9x₹3737 cr32.2%32.0%0.0x
2025-0229.9x₹3684 cr31.5%32.0%0.0x
2025-0133.3x₹3684 cr31.5%32.0%0.0x
2024-1233.9x₹3684 cr31.5%32.0%0.0x
2024-1140.4x₹3658 cr30.2%32.0%0.0x
2024-1041.6x₹3658 cr30.2%32.0%0.0x
2024-0945.3x₹3658 cr30.2%32.0%0.0x
2024-0849.1x₹3578 cr29.6%32.0%0.0x
2024-0749.3x₹3578 cr29.6%32.0%0.0x
2024-0641.6x₹3578 cr29.6%32.0%0.0x
2024-0543.1x₹3406 cr27.2%28.0%0.0x
2024-0433.6x₹3406 cr27.2%28.0%0.0x
2024-0329.6x₹3406 cr27.2%28.0%0.0x
2024-0232.1x₹3406 cr27.2%28.0%0.0x
2024-0134.5x₹3406 cr27.2%28.0%0.0x
2023-1238.9x₹3406 cr27.2%28.0%0.0x
2023-1134.9x₹3406 cr27.2%28.0%0.0x
2023-1035.2x₹3406 cr27.2%28.0%0.0x
2023-0937.1x₹3406 cr27.2%28.0%0.0x
2023-0836.2x₹3406 cr27.2%28.0%0.0x
2023-0731.9x₹3406 cr27.2%28.0%0.0x
2023-0629.3x₹3406 cr27.2%28.0%0.0x
2023-0520.6x₹3192 cr40.3%31.0%0.1x
2023-0419.7x₹3192 cr40.3%31.0%0.1x
2023-0318.9x₹3192 cr40.3%31.0%0.1x
2023-0221.0x₹3192 cr40.3%31.0%0.1x
2023-0123.3x₹3192 cr40.3%31.0%0.1x
2022-1222.3x₹3192 cr40.3%31.0%0.1x
2022-1125.2x₹3192 cr40.3%31.0%0.1x
2022-1024.9x₹3192 cr40.3%31.0%0.1x
2022-0926.5x₹3192 cr40.3%31.0%0.1x
2022-0825.5x₹3192 cr40.3%31.0%0.1x
2022-0723.7x₹3192 cr40.3%31.0%0.1x
2022-0622.1x₹3192 cr40.3%31.0%0.1x
2022-0540.7x₹2881 cr25.8%29.0%0.1x
2022-0448.1x₹2881 cr25.8%29.0%0.1x
2022-0343.7x₹2881 cr25.8%29.0%0.1x
2022-0248.4x₹2881 cr25.8%29.0%0.1x
2022-0148.7x₹2881 cr25.8%29.0%0.1x
2021-1250.7x₹2881 cr25.8%29.0%0.1x

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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