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EVEREADY INDUSTRIES INDIA LTD (EVEREADY)

Producer Manufacturing · Electrical Products · 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.60 / 100
Profitability 64Growth 62Balance sheet 55
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.60 / 100
Price 35Earnings 68FII/DII 76

Passes these screensCash RichValue PickDebt-light & profitable

Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹311.05 latest close · −15.4% over the last 90 sessions

₹300₹325₹350Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹300₹325₹350Jul 3Sep 4Nov 9

₹311.05 month-end · −7.3% over 12 months

₹300₹350Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹300₹350Nov '25May '26Nov '26

₹311.05 month-end · −8.1% over 3 years

₹300₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹300₹400Nov '23May '25Nov '26

₹311.05 month-end · +45.3% since Jan '19

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

52-week range ₹259.65 to ₹380.60 · 1-year volatility 34.3%

Was the rally earned?

-7%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 73 points, but investors now pay less per rupee of profit (P/E 29.3x to 12.7x), which took 81 points back.
  • The share count barely moved.
Net profit growth: +73 pts. Points of the price return explained by net profit growing (or shrinking).+73 ptsNet profit growthP/E change: −81 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−81 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: −7%−7%Share priceNet profit growth: +73 pts. Points of the price return explained by net profit growing (or shrinking).+73ProfitP/E change: −81 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−81P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −7%−7%Share price
Net profit growth+73 ptsNet profit rose about 114%, which lifts the price.
P/E change-81 ptsThe P/E fell from 29.3x to 12.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-8%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 179 points, but investors now pay less per rupee of profit (P/E 89.1x to 12.7x), which took 187 points back.
  • The share count barely moved.
Net profit growth: +177 pts. Points of the price return explained by net profit growing (or shrinking).+177 ptsNet profit growthP/E change: −187 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−187 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: −8%−8%Share priceNet profit growth: +177 pts. Points of the price return explained by net profit growing (or shrinking).+177ProfitP/E change: −187 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−187P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: −8%−8%Share price
Net profit growth+177 ptsNet profit rose about 535%, which lifts the price.
P/E change-187 ptsThe P/E fell from 89.1x to 12.7x, 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.

Not shown for 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.

Compare this with BHARAT HEAVY ELECTRICALS

How rough has the ride been?

Maximum drawdown-84.2%recovered 2021-02
1-year volatility34.3%annualised
Beta vs sector index0.823-year daily, correlation 0.47
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−82.6% 0%−25%−50%−75%2020202220242026−82.6%
Largest drawdowns

-84.2% (2019-01 peak to 2019-10 low, recovered 2021-02)

-45.5% (2024-08 peak to 2026-03 low, not yet recovered)

-32.2% (2021-08 peak to 2022-01 low, recovered 2023-08)

Most recent volume spikes

2026-09-10: 7.9x the 50-day median, price +4.8% 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?

12.7xP/E todayWithin its usual range
Against its own history30th percentile
CheapestMedian 33.0xDearest

Usual range 8.0x to 90.5x since 2019-01.

Against Producer Manufacturing12.7x vs 29.6x
This company
12.7x
Sector median
29.6x

57% below the Producer Manufacturing median.

3.3x39.3x75.4x111.4xJan '19Aug '20Mar '22Oct '23May '25Nov '263.3x39.3x75.4x111.4xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/B (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing 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 Producer Manufacturing is valued

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).

Where it ranks today

  • ROCE58th▲ 3 pts vs a year ago
  • Op. margin70th▲ 6 pts vs a year ago
  • Revenue growth35th▼ 6 pts vs a year ago
  • EPS growth91st▲ 24 pts vs a year ago
  • Debt/equity ↓42nd▲ 18 pts vs a year ago
  • Cash cycle ↓67thflat vs a year ago
  • P/E ↓88th▲ 32 pts vs a year ago
  • 12M momentum48th▼ 6 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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~19%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 28.6x, a holder earning 12%/yr needs earnings to grow about 18.8%/yr for 10 years, then trade at 15x.

Delivered7.4%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+11.4 ptsimplied minus delivered
Rank295thmost demanding of 856

Over time

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

-6%40%86% Jan 2019Nov 2026 -6%40%86% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x20.3%21.4%22.5%
15x17.7%18.8%19.9%
20x14.5%15.5%16.6%

Drag a slider to test other assumptions

Implied: 18.8%/yr

Looking back

  • Jan 2020Price implied 3%/yr; EPS has since grown 20%/yr (7.0 yrs)
  • Jan 2021Price implied 13%/yr; EPS has since grown −1%/yr (6.0 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 Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹311.05
P/E
12.7x
ROCE
17.0%
Market Cap
₹2257 cr
Revenue (TTM)
₹1489 cr
P/S
1.5x
P/B
3.6x
ROE
28.6%
Operating Margin
15.0%
Debt / Equity
0.3x
Promoter Holding
43.6%
12M Momentum
-7.3%

52-week range

₹259.65₹380.60
43% of the way from its 52-week low to its high

Price risk

1Y volatility
34.3%
Beta vs sector
1-year daily
0.80

Balance sheet & cash

Interest cover
operating profit ÷ interest
11.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.14x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range1 beyond a threshold
Other income reliance31%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 31.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate17%Within range

Median quarterly effective tax rate over about 2.5 years: 17.0%. 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 ₹367 cr, net profit ₹321 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+1 daysWithin range

Debtor days are above the median of the previous three fiscal years by 1 days (29 vs 28). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress64% of fixed assetsBeyond threshold

Capital work-in-progress is 64% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+12 days / 2 yrsWithin range

Days payable changed by +12 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 2 years, FIIs added 5.0 pts.
  • The number of shareholders rose from 58,521 to 62,890 (+7%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters43.2%43.6%+0.4 pts
FIIs0.5%5.4%+5.0 pts
DIIs2.5%2.8%+0.3 pts
Public and others53.8%48.1%-5.7 pts

Number of shareholders

62,890shareholders+7% since Dec '23
58k62k66k70k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 58,521
Mar '24: 57,639
Jun '24: 66,002
Sep '24: 69,979
Dec '24: 69,555
Mar '25: 69,212
Jun '25: 70,097
Sep '25: 65,371
Dec '25: 64,571
Mar '26: 62,473
Jun '26: 62,890
 58k62k66k70k Dec '23Dec '24Dec '25Jun '26
Dec '23: 58,521
Mar '24: 57,639
Jun '24: 66,002
Sep '24: 69,979
Dec '24: 69,555
Mar '25: 69,212
Jun '25: 70,097
Sep '25: 65,371
Dec '25: 64,571
Mar '26: 62,473
Jun '26: 62,890

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

−8.1%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like EVEREADY INDUSTRIES 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 −25% to +37% vs the market, against −1% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −6.8%, 80% range −17.7% to −0.6%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
VRLLOG · Dec 2023: −44.2% vs market
GNA · Aug 2023: −43.0% vs market
PSPPROJECT · Oct 2023: −42.7% vs market
GHCL · Mar 2023: −40.8% vs market
KIRLOSENG · Jul 2021: −38.6% vs market
GANESHBE · Nov 2023: −37.3% vs market
MATRIMONY · Feb 2025: −35.9% vs market
MASTEK · Aug 2025: −33.1% vs market
INDOCO · Mar 2023: −32.0% vs market
JKIL · Mar 2021: −30.2% vs market
INSECTICID · Jan 2020: −26.4% vs market
DALMIASUG · Nov 2023: −25.5% vs market
GIPCL · Jun 2025: −25.2% vs market
ORIENTCEM · Feb 2022: −22.4% vs market
KSL · Mar 2025: −22.3% vs market
GATEWAY · Aug 2023: −21.1% vs market
BALMLAWRIE · Aug 2025: −20.9% vs market
KNRCON · Oct 2023: −19.2% vs market
AARTIDRUGS · Apr 2023: −18.9% vs market
AMBIKCO · Apr 2020: −18.7% vs market
TVSSRICHAK · May 2020: −18.5% vs market
VSSL · Jun 2024: −17.9% vs market
GULFOILLUB · Aug 2025: −14.8% vs market
NAVNETEDUL · Jun 2024: −11.0% vs market
AVTNPL · Jul 2025: −9.7% vs market
MALLCOM · Oct 2024: −6.4% vs market
ANDHRSUGAR · Apr 2020: −5.0% vs market
SPAL · May 2023: −4.8% vs market
TIIL · Sep 2021: −1.2% vs market
VTL · May 2021: +2.6% vs market
ALLCARGO · Apr 2020: +3.9% vs market
LUMAXIND · May 2020: +5.0% vs market
EPL · Sep 2025: +14.5% vs market
GRANULES · May 2024: +20.6% vs market
PCBL · Sep 2020: +24.0% vs market
NRBBEARING · May 2025: +34.2% vs market
AWHCL · Nov 2022: +34.4% vs market
TALBROAUTO · Jun 2025: +37.6% vs market
AARTIPHARM · Sep 2024: +40.9% vs market
GODFRYPHLP · Apr 2022: +47.7% vs market
ZENSARTECH · Apr 2023: +49.1% vs market
GENUSPOWER · Oct 2020: +55.4% vs market
KIRLOSIND · Jun 2020: +57.3% vs market
HINDWAREAP · Jul 2022: +61.4% vs market
CYIENT · Oct 2020: +69.7% vs market
DCMSHRIRAM · Mar 2021: +82.5% vs market
KPRMILL · Jun 2020: +92.4% vs market
FSL · Apr 2020: +100.3% vs market
TCI · Apr 2021: +114.8% vs market
SMSPHARMA · May 2020: +136.9% vs market
Similar setups −8.1%All companies −1.3%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
−8.1%
All companies' median
−1.3%
Beat the market
42% vs 49%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
INSECTICID
Process Industries		 Jan 2020 9x21% −6%−22% −26%
ORIENTCEM
Non-Energy Minerals		 Feb 2022 14x19% +58%−21% −22%
TCI
Transportation		 Apr 2021 14x14% +55%−6% +115%
FSL
Commercial Services		 Apr 2020 6x15% −30%−39% +100%
GRANULES
Health Technology		 May 2024 20x19% +48%−11% +21%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KNRCON
Industrial Services		 Oct 2023 16x21% +19%−7% −19%
GHCL
Process Industries		 Mar 2023 7x19% −8%−28% −41%
GENUSPOWER
Electronic Technology		 Oct 2020 10x14% +5%−12% +55%
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: P/S, interest cover and 12-month momentum. 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 EVEREADY INDUSTRIES 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.

MANGALAM CEMENTMANGLMCEM
Non-Energy Minerals
62%similar
EPS growthmarket cap
NCL INDUSTRIESNCLIND
Non-Energy Minerals
62%similar
revenuepromoter holding
ASHOKA BUILDCONASHOKA
Industrial Services
55%similar
EPS growthmarket cap
VAIBHAV GLOBALVAIBHAVGBL
Consumer Durables
54%similar
ROCEmarket cap
STYRENIX PERFOM. MATERIALSSTYRENIX
Process Industries
53%similar
P/EEPS growth
KCPKCP
Producer Manufacturing
69%similar
promoter holdingP/E
SOMANY CERAMICSSOMANYCERA
Producer Manufacturing
55%similar
market caprevenue growth
TALBROS AUTOMOTIVE COMPONENTSTALBROAUTO
Producer Manufacturing
52%similar
market capROCE

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

What changed?

30 events since Aug '23

  1. SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  2. SepPriceVolume reached 7.9x its 50-day median on 2026-09-10; price +4.8% that day.
  3. JunResultsYear-on-year EPS growth turned positive.
  4. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  5. JunDebtDebt / equity halved over 12 months to 0.32x.
  6. JunPriceVolume reached 11.9x its 50-day median on 2026-06-17; price +4.5% that day.
  7. MarPriceFell 46% from the Aug 2024 peak to the Mar 2026 low.
  8. MarPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
Show 22 earlier events
  1. FebPriceVolume reached 8.3x its 50-day median on 2026-02-05; price +4.2% that day.
  2. DecResultsYear-on-year EPS growth turned negative.
  3. DecPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  4. OctPriceVolume reached 12.7x its 50-day median on 2025-10-15; price +7.5% that day.
  5. SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  6. JulPriceVolume reached 13.1x its 50-day median on 2025-07-09; price +5.5% that day.
  7. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  8. MarPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  9. FebPriceVolume reached 10.2x its 50-day median on 2025-02-05; price +0.6% that day.
  10. DecPriceVolume reached 6.3x its 50-day median on 2024-12-18; price +4.6% that day.
  11. AugPriceRegained the 2023-08 peak, 2 months after the low.
  12. JulPriceVolume reached 50.3x its 50-day median on 2024-07-08; price +12.1% that day.
  13. JunResultsYear-on-year EPS growth turned positive.
  14. JunInstitutionsFII + DII holding rose 3.2 pts over 1 quarter to 6.3%.
  15. JunPriceFell 30% from the Aug 2023 peak to the Jun 2024 low.
  16. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  17. JunDebtDebt / equity fell below 1.0x (0.80x).
  18. JunDividendStarted paying a dividend (payout 11% of profit).
  19. AprPriceVolume reached 13.7x its 50-day median on 2024-04-26; price +0.5% that day.
  20. JanPriceVolume reached 6.2x its 50-day median on 2024-01-29; price +5.1% that day.
  21. DecPriceVolume reached 8.1x its 50-day median on 2023-12-14; price +1.6% that day.
  22. AugPriceRegained the 2021-08 peak, 19 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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1112.7x₹1489 cr28.6%17.0%0.3x
2026-1012.7x₹1489 cr28.6%17.0%0.3x
2026-0913.2x₹1489 cr28.6%17.0%0.3x
2026-0814.0x₹1455 cr27.4%17.0%0.3x
2026-0714.5x₹1455 cr27.4%17.0%0.3x
2026-0615.6x₹1455 cr27.4%17.0%0.3x
2026-0557.4x₹1427 cr8.5%17.0%0.7x
2026-0460.7x₹1427 cr8.5%17.0%0.7x
2026-0347.6x₹1427 cr8.5%17.0%0.7x
2026-0252.6x₹1394 cr9.8%17.0%0.7x
2026-0153.5x₹1394 cr9.8%17.0%0.7x
2025-1252.2x₹1394 cr9.8%17.0%0.7x
2025-1129.3x₹1370 cr18.0%17.0%0.7x
2025-1033.2x₹1370 cr18.0%17.0%0.7x
2025-0933.0x₹1370 cr18.0%17.0%0.7x
2025-0837.2x₹1345 cr17.8%17.0%0.7x
2025-0737.3x₹1345 cr17.8%17.0%0.7x
2025-0627.7x₹1345 cr17.8%17.0%0.7x
2025-0528.0x₹1327 cr20.7%16.0%0.8x
2025-0429.4x₹1327 cr20.7%16.0%0.8x
2025-0327.5x₹1327 cr20.7%16.0%0.8x
2025-0229.1x₹1298 cr19.4%16.0%0.8x
2025-0134.1x₹1298 cr19.4%16.0%0.8x
2024-1237.8x₹1298 cr19.4%16.0%0.8x
2024-1139.6x₹1300 cr18.1%16.0%0.8x
2024-1041.1x₹1300 cr18.1%16.0%0.8x
2024-0946.7x₹1300 cr18.1%16.0%0.8x
2024-0849.7x₹1314 cr17.4%16.0%0.8x
2024-0745.8x₹1314 cr17.4%16.0%0.8x
2024-0637.9x₹1314 cr17.4%16.0%0.8x
2024-0586.2x₹1328 cr8.8%13.0%1.2x
2024-0490.8x₹1328 cr8.8%13.0%1.2x
2024-0387.9x₹1328 cr8.8%13.0%1.2x
2024-0291.3x₹1328 cr8.8%13.0%1.2x
2024-0194.4x₹1328 cr8.8%13.0%1.2x
2023-1291.1x₹1328 cr8.8%13.0%1.2x
2023-1189.1x₹1328 cr8.8%13.0%1.2x
2023-1093.8x₹1328 cr8.8%13.0%1.2x
2023-09102.9x₹1328 cr8.8%13.0%1.2x
2023-08111.4x₹1328 cr8.8%13.0%1.2x
2023-0793.1x₹1328 cr8.8%13.0%1.2x
2023-0691.1x₹1328 cr8.8%13.0%1.2x
2023-0552.2x₹1207 cr15.9%14.0%1.4x
2023-0445.3x₹1207 cr15.9%14.0%1.4x
2023-0345.7x₹1207 cr15.9%14.0%1.4x
2023-0249.4x₹1207 cr15.9%14.0%1.4x
2023-0154.0x₹1207 cr15.9%14.0%1.4x
2022-1256.7x₹1207 cr15.9%14.0%1.4x
2022-1154.8x₹1207 cr15.9%14.0%1.4x
2022-1045.9x₹1207 cr15.9%14.0%1.4x
2022-0949.9x₹1207 cr15.9%14.0%1.4x
2022-0855.7x₹1207 cr15.9%14.0%1.4x
2022-0749.7x₹1207 cr15.9%14.0%1.4x
2022-0651.8x₹1207 cr15.9%14.0%1.4x
2022-05—₹1249 cr-127.3%25.0%1.8x
2022-04—₹1249 cr-127.3%25.0%1.8x
2022-03—₹1249 cr-127.3%25.0%1.8x
2022-02—₹1249 cr-127.3%25.0%1.8x
2022-01—₹1249 cr-127.3%25.0%1.8x
2021-12—₹1249 cr-127.3%25.0%1.8x
2021-11—₹1249 cr-127.3%25.0%1.8x
2021-10—₹1249 cr-127.3%25.0%1.8x
2021-09—₹1249 cr-127.3%25.0%1.8x
2021-08—₹1249 cr-127.3%25.0%1.8x
2021-07—₹1249 cr-127.3%25.0%1.8x
2021-06—₹1249 cr-127.3%25.0%1.8x
2021-0513.0x₹1221 cr32.1%15.0%0.7x
2021-0412.0x₹1221 cr32.1%15.0%0.7x
2021-0311.0x₹1221 cr32.1%15.0%0.7x
2021-0212.7x₹1221 cr32.1%15.0%0.7x
2021-017.9x₹1221 cr32.1%15.0%0.7x
2020-128.6x₹1221 cr32.1%15.0%0.7x
2020-117.1x₹1221 cr32.1%15.0%0.7x
2020-105.5x₹1221 cr32.1%15.0%0.7x
2020-095.8x₹1221 cr32.1%15.0%0.7x
2020-085.5x₹1221 cr32.1%15.0%0.7x
2020-075.3x₹1221 cr32.1%15.0%0.7x
2020-063.3x₹1221 cr32.1%15.0%0.7x
2020-0510.2x₹1507 cr12.8%19.0%1.1x
2020-0410.2x₹1507 cr12.8%19.0%1.1x
2020-037.7x₹1507 cr12.8%19.0%1.1x
2020-0210.0x₹1507 cr12.8%19.0%1.1x
2020-018.5x₹1507 cr12.8%19.0%1.1x
2019-128.3x₹1507 cr12.8%19.0%1.1x
2019-118.3x₹1507 cr12.8%19.0%1.1x
2019-108.7x₹1507 cr12.8%19.0%1.1x
2019-096.9x₹1507 cr12.8%19.0%1.1x
2019-0812.3x₹1507 cr12.8%19.0%1.1x
2019-0711.2x₹1507 cr12.8%19.0%1.1x
2019-0612.1x₹1507 cr12.8%19.0%1.1x
2019-0512.6x₹1456 cr15.5%18.0%0.8x
2019-0416.0x₹1456 cr15.5%18.0%0.8x
2019-0326.3x₹1456 cr15.5%18.0%0.8x
2019-0226.9x₹1456 cr15.5%18.0%0.8x
2019-0129.3x₹1456 cr15.5%18.0%0.8x

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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