52-week range
Price risk
Balance sheet & cash
Was the rally earned?
Mostly yes, with a catch.
- Per-share earnings added 31 points, but investors now pay less per rupee of profit (P/E 21.0x to 19.6x), which took 8 points back.
- The share count barely moved.
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.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
What is the price implying?
At a P/E of 19.6x, the price would imply about 14.9%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Producer Manufacturing The market-wide Expectations lists
What changed?
- Sep '26Regained the 2025-07 peak, 8 months after the low.
- Sep '26Volume reached 17.2x its 50-day median on 2026-09-25; price +5.1% that day.
- Jun '26Started paying a dividend (payout 5% of profit).
- Jan '26Fell 29% from the Jul 2025 peak to the Jan 2026 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
Are profits backed by cash?
1 of 1 checks are within range.
Tap a check to see how it is measured.
Other income reliance3%Within range
Other income as a share of pre-tax profit (trailing twelve months): 2.5%. Bands: below 15%, 15% to 35%, above 35%.
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 flow—Not enough data
Not enough reported data to compute this.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress—Not enough data
Not enough reported data to compute this.
Payable days—Not enough data
Not enough reported data to compute this.
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.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-28.6% (2025-07 peak to 2026-01 low, recovered 2026-09)
Most recent volume spikes
2026-09-25: 17.2x the 50-day median, price +5.1% that day
Where does it rank among Producer Manufacturing peers?
Each cell is the company's percentile rank among its Producer Manufacturing 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).
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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
| Company | Sector | Similarity | Closest on |
|---|---|---|---|
| GLOBAL EDUCATION (GLOBAL) | Commercial Services | 59% | debt/equity, revenue |
| SAFE ENTERPRISES RETAIL (SAFEENTP) | Miscellaneous | 48% | debt/equity, market cap |
| CANARA ROBECO ASSET MANAGEMENT (CRAMC) | Finance | 41% | P/E, promoter holding |
| SHRI AHIMSA NATURALS (SHRIAHIMSA) | Consumer Non-Durables | 37% | revenue, market cap |
| GRAUER & WEIL (INDIA) (GRAUWEIL) | Process Industries | 31% | volatility, P/E |
| EURO PRATIK SALES (EUROPRATIK) | Producer Manufacturing | 60% | P/E, ROCE |
| DANISH POWER (DANISH) | Producer Manufacturing | 51% | debt/equity, promoter holding |
| INDOSOLAR (WAAREEINDO) | Producer Manufacturing | 41% | ROCE, promoter holding |
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like EMKAY TOOLS LIMITED today on valuation, return on capital, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −30% to +2% vs the market, against −4% for all non-financial companies in the same months.
- The analogs' median sat below that base rate (gap −10.7%, 80% range −20.7% to −8.2%), but the matches cluster in only 6 distinct 12-month windows.
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 · 2 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 32 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ACCELYA Technology Services |
Feb 2020 | 13x | 86% | +13% | −13% | −37% |
| ANUP Producer Manufacturing |
Sep 2020 | 15x | — | +38% | −3% | −9% |
| KSOLVES Technology Services |
Jan 2023 | 32x | 140% | +29% | −9% | +105% |
| RPGLIFE Health Technology |
Jun 2025 | 22x | — | +51% | −12% | −8% |
| FOSECOIND Process Industries |
May 2025 | 40x | — | +27% | −10% | +6% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and P/S. Not used (unavailable for this company): operating margin and interest cover. 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.
Monthly history (16 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | 19.6x | ₹144 cr | 41.9% | 70.0% | 0.0x |
| 2026-09 | 22.3x | ₹144 cr | 42.1% | 70.0% | 0.0x |
| 2026-08 | 20.1x | ₹144 cr | 42.1% | 70.0% | 0.0x |
| 2026-07 | 18.2x | ₹144 cr | 42.1% | 70.0% | 0.0x |
| 2026-06 | 18.3x | ₹144 cr | 42.1% | 70.0% | 0.0x |
| 2026-05 | 25.1x | ₹117 cr | 53.0% | — | 0.0x |
| 2026-04 | 23.0x | ₹117 cr | 53.0% | — | 0.0x |
| 2026-03 | 21.0x | ₹117 cr | 53.0% | — | 0.0x |
| 2026-02 | 21.6x | ₹117 cr | 53.0% | — | 0.0x |
| 2026-01 | 19.7x | ₹117 cr | 53.0% | — | 0.0x |
| 2025-12 | 20.2x | ₹117 cr | 53.0% | — | 0.0x |
| 2025-11 | 21.0x | ₹117 cr | 53.0% | — | 0.0x |
| 2025-10 | 21.0x | ₹117 cr | 53.0% | — | 0.0x |
| 2025-09 | 21.9x | ₹117 cr | 53.0% | — | 0.0x |
| 2025-08 | 23.6x | ₹117 cr | 53.0% | — | 0.0x |
| 2025-07 | 25.2x | ₹117 cr | 53.0% | — | 0.0x |