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FOSECO INDIA LTD (FOSECOIND)

Process Industries · Chemicals: Major Diversified · 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.90 / 100
Profitability 80Balance sheet 100

Passes these screensDebt-light & profitable

Compare withAETHER INDUSTRIESAARTI INDUSTRIESFINE ORGANIC INDUSTRIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹6,175 latest close · +18.5% over the last 90 sessions

₹5,000₹6,000₹7,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹5,000₹6,000₹7,000Jul 3Sep 4Nov 9

₹6,175 month-end · +19.1% over 12 months

₹5,000₹6,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹5,000₹6,000Nov '25May '26Nov '26

₹6,175 month-end · +79.8% since Mar '25

₹4,000₹5,000₹6,000Mar '25Jul '25Nov '25Mar '26Jul '26Nov '26 ₹4,000₹5,000₹6,000Mar '25Jan '26Nov '26

52-week range ₹4300.00 to ₹7389.50 · 1-year volatility 38.8%

Was the rally earned?

+19%share price, 1 yearEarnings-driven

Mostly yes.

  • Per-share earnings added 13 points to the rise, while the multiple moved less (P/E 45.3x to 47.9x).
  • The share count rose 18%.
Net profit growth: +31 pts. Points of the price return explained by net profit growing (or shrinking).+31 ptsNet profit growthP/E change: +6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+6 ptsP/E changeShare count change: −18 pts. Points of the price return explained by the share count changing. More shares count against the price.−18 ptsShare count changeShare price: +19%+19%Share priceNet profit growth: +31 pts. Points of the price return explained by net profit growing (or shrinking).+31ProfitP/E change: +6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+6P/EShare count change: −18 pts. Points of the price return explained by the share count changing. More shares count against the price.−18SharesShare price: +19%+19%Share price
Net profit growth+31 ptsNet profit rose about 33%, which lifts the price.
P/E change+6 ptsThe P/E rose from 45.3x to 47.9x, which lifts the price.
Share count change-18 ptsShare count rose 18%, 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.

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.

Compare this with AETHER INDUSTRIES

How rough has the ride been?

Maximum drawdown-50.3%recovered 2022-07
1-year volatility38.8%annualised
Beta vs sector index0.933-year daily, correlation 0.40
Volume spikes11last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−49.9% 0%−20%−40%2020202220242026−49.9%
Largest drawdowns

-50.3% (2019-01 peak to 2020-03 low, recovered 2022-07)

-35.0% (2024-08 peak to 2025-02 low, recovered 2025-07)

-33.1% (2025-08 peak to 2026-02 low, recovered 2026-09)

Most recent volume spikes

2026-09-18: 8.6x the 50-day median, price -1.3% that day

2026-09-17: 58.2x the 50-day median, price -1.2% that day

2026-09-16: 37.9x the 50-day median, price +10.0% 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).

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

  • ROCE72nd
  • Op. margin88th
  • Revenue growth94th
  • EPS growth54th
  • Debt/equity ↓93rdflat vs a year ago
  • Cash cycle ↓96thflat vs a year ago
  • P/E ↓15th▼ 6 pts vs a year ago
  • 12M momentum79th▼ 5 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?

~25%annual earnings growth implied by the price

At a P/E of 47.9x, the price would imply about 24.6%/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 Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹6175.00
P/E
48.0x
ROCE
17.0%
Market Cap
₹4653 cr
Revenue (TTM)
₹773 cr
P/S
6.0x
P/B
4.5x
ROE
9.4%
Operating Margin
23.0%
Debt / Equity
0.0x
Promoter Holding
63.5%
12M Momentum
19.1%

52-week range

₹4300.00₹7389.50
61% of the way from its 52-week low to its high

Price risk

1Y volatility
38.8%
Beta vs sector
1-year daily
0.80

Balance sheet & cash

Debt service
no meaningful debt
Share count, 1Y
+33.3%

Are profits backed by cash?

2 of 2checks within rangeAll clear
Other income reliance2%Within range

Other income as a share of pre-tax profit (trailing twelve months): 2.1%. 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 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.

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, promoters trimmed 11.4 pts.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters75.0%63.5%-11.4 pts
FIIs0.3%0.1%-0.2 pts
DIIs0.1%0.4%+0.3 pts
Public and others24.7%36.0%+11.3 pts

Number of shareholders

12,592shareholders+0% since Sep '23
12k13k13k14k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 12,585
Dec '23: 12,948
Mar '24: 12,370
Jun '24: 12,097
Sep '24: 13,872
Dec '24: 13,655
Mar '25: 13,539
Jun '25: 13,019
Sep '25: 13,602
Dec '25: 12,636
Mar '26: 12,415
Jun '26: 12,592
 12k13k13k14k Sep '23Sep '24Sep '25Jun '26
Sep '23: 12,585
Dec '23: 12,948
Mar '24: 12,370
Jun '24: 12,097
Sep '24: 13,872
Dec '24: 13,655
Mar '25: 13,539
Jun '25: 13,019
Sep '25: 13,602
Dec '25: 12,636
Mar '26: 12,415
Jun '26: 12,592

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

−11.5%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like FOSECO 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 −37% to +12% vs the market, against −4% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −7.2%, 80% range −12.3% to −4.8%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DELTACORP · Jun 2023: −65.1% vs market
LAOPALA · Jul 2023: −53.9% vs market
LATENTVIEW · Oct 2025: −50.4% vs market
AUTOAXLES · Mar 2023: −50.0% vs market
RATEGAIN · Jul 2024: −43.3% vs market
AURIONPRO · Dec 2024: −42.7% vs market
APTECHT · Apr 2023: −42.4% vs market
FDC · Nov 2020: −41.2% vs market
SIRCA · Mar 2023: −40.6% vs market
TECHNOE · Aug 2025: −39.7% vs market
INTELLECT · Mar 2024: −39.0% vs market
RALLIS · Sep 2020: −38.7% vs market
SAREGAMA · Apr 2025: −38.5% vs market
VOLTAMP · Feb 2020: −32.0% vs market
ACUTAAS · May 2023: −30.3% vs market
JYOTHYLAB · Dec 2023: −29.5% vs market
NUCLEUS · Aug 2020: −29.2% vs market
AFFLE · Feb 2025: −16.7% vs market
EMUDHRA · Sep 2024: −15.8% vs market
JLHL · Dec 2024: −15.5% vs market
CARBORUNIV · Nov 2021: −14.9% vs market
INGERRAND · Jan 2020: −14.1% vs market
PERSISTENT · Sep 2021: −13.1% vs market
NEWGEN · May 2021: −12.8% vs market
BOROLTD · Nov 2022: −11.9% vs market
NOCIL · Aug 2021: −11.0% vs market
PRAJIND · Mar 2022: −9.9% vs market
ITDC · Jan 2024: −9.8% vs market
AEROFLEX · Dec 2024: −9.5% vs market
3MINDIA · Mar 2023: −8.6% vs market
AIAENG · Jan 2020: −7.6% vs market
KSB · Dec 2023: −5.7% vs market
CARERATING · Nov 2024: −3.5% vs market
LMW · Sep 2022: +1.4% vs market
ANUP · Aug 2024: +8.7% vs market
VESUVIUS · Nov 2023: +10.1% vs market
KENNAMET · Mar 2022: +10.6% vs market
LINDEINDIA · Apr 2022: +12.8% vs market
ELECON · May 2024: +13.9% vs market
PRIMESECU · Jul 2024: +15.2% vs market
YATHARTH · Oct 2025: +23.0% vs market
THYROCARE · Apr 2025: +28.2% vs market
EIHOTEL · Jun 2023: +38.2% vs market
WENDT · Nov 2022: +45.4% vs market
BLS · Sep 2022: +52.3% vs market
GRINDWELL · Aug 2021: +59.0% vs market
SHANTIGEAR · Jun 2022: +80.6% vs market
MCX · Sep 2023: +90.2% vs market
ADFFOODS · May 2020: +109.5% vs market
TDPOWERSYS · Mar 2025: +113.2% vs market
Similar setups −11.5%All companies −4.3%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
−11.5%
All companies' median
−4.3%
Beat the market
34% vs 45%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
YATHARTH
Health Services		 Oct 2025 53x14% +21%−4% +23%
SAREGAMA
Consumer Services		 Apr 2025 51x18% +22%−22% −39%
ACUTAAS
Process Industries		 May 2023 62x24% +40%−1% −30%
KENNAMET
Producer Manufacturing		 Mar 2022 44x17% +96%−7% +11%
PRAJIND
Industrial Services		 Mar 2022 90x15% +105%−9% −10%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
EMUDHRA
Technology Services		 Sep 2024 91x18% +88%−3% −16%
LAOPALA
Consumer Durables		 Jul 2023 42x22% +63%0% −54%
LATENTVIEW
Commercial Services		 Oct 2025 50x15% −2%−13% −50%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, 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. Not used (unavailable for this company): 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.

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 FOSECO 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.

MOILMOIL
Non-Energy Minerals
80%similar
market capvolatility
NEPHROCARE HEALTH SERV LNEPHROPLUS
Retail Trade
65%similar
promoter holdingvolatility
SAREGAMA INDIASAREGAMA
Consumer Services
61%similar
ROCEP/E
GARWARE TECHNICAL FIBRESGARFIBRES
Producer Manufacturing
58%similar
volatilitymarket cap
STYLAM INDUSTRIESSTYLAMIND
Non-Energy Minerals
57%similar
market capoperating margin
INDIGO PAINTSINDIGOPNTS
Process Industries
55%similar
market capvolatility
CLEAN SCIENCE AND TECHNOLOGYCLEAN
Process Industries
54%similar
debt/equityrevenue
KINGFA SCIENCE & TECH (I)KINGFA
Process Industries
54%similar
volatilitydebt/equity

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

What changed?

30 events since Mar '22

  1. SepPriceRegained the 2025-08 peak, 7 months after the low.
  2. SepPeer rankMoved into the 2nd quartile of Process Industries on EPS growth (from the 3rd quartile).
  3. SepPriceVolume reached 58.2x its 50-day median on 2026-09-17; price -1.2% that day.
  4. JunResultsYear-on-year EPS growth turned positive.
  5. MayPriceVolume reached 63.2x its 50-day median on 2026-05-13; price +13.3% that day.
  6. MarPromoterPromoter holding fell 11.4 pts to 63.5%.
  7. MarResultsRevenue (TTM) reached a new high of ₹625 cr.
  8. MarSharesShare count is up 33.3% over 12 months.
Show 22 earlier events
  1. FebPriceFell 33% from the Aug 2025 peak to the Feb 2026 low.
  2. FebPriceVolume reached 99.0x its 50-day median on 2026-02-27; price +12.6% that day.
  3. OctPriceVolume reached 11.2x its 50-day median on 2025-10-14; price +5.1% that day.
  4. AugPriceVolume reached 113.3x its 50-day median on 2025-08-20; price +12.7% that day.
  5. JulPriceRegained the 2024-08 peak, 5 months after the low.
  6. MayPriceVolume reached 25.8x its 50-day median on 2025-05-15; price +13.3% that day.
  7. FebPriceFell 35% from the Aug 2024 peak to the Feb 2025 low.
  8. JanPriceVolume reached 9.7x its 50-day median on 2025-01-09; price +5.0% that day.
  9. DecPriceVolume reached 7.7x its 50-day median on 2024-12-05; price -0.2% that day.
  10. AugPriceVolume reached 15.3x its 50-day median on 2024-08-05; price -0.6% that day.
  11. JunPriceRegained the 2023-12 peak, 3 months after the low.
  12. AprPriceVolume reached 13.7x its 50-day median on 2024-04-04; price +4.6% that day.
  13. MarPriceFell 29% from the Dec 2023 peak to the Mar 2024 low.
  14. MarPriceVolume reached 10.4x its 50-day median on 2024-03-14; price -5.0% that day.
  15. DecPriceVolume reached 12.8x its 50-day median on 2023-12-19; price +7.0% that day.
  16. JulPriceVolume reached 45.1x its 50-day median on 2023-07-28; price +19.6% that day.
  17. AprPriceVolume reached 5.9x its 50-day median on 2023-04-12; price +5.8% that day.
  18. FebPriceVolume reached 45.4x its 50-day median on 2023-02-28; price +12.2% that day.
  19. JulPriceRegained the 2019-01 peak, 28 months after the low.
  20. JulPriceVolume reached 24.3x its 50-day median on 2022-07-25; price +3.7% that day.
  21. MayPriceVolume reached 14.2x its 50-day median on 2022-05-20; price +12.0% that day.
  22. MarPriceVolume reached 25.3x its 50-day median on 2022-03-28; price +8.0% that day.

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 history21 months · 2025-03 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1148.0x₹773 cr9.4%17.0%0.0x
2026-1045.5x₹773 cr9.6%17.0%0.0x
2026-0950.2x₹773 cr9.6%17.0%0.0x
2026-0854.5x₹691 cr8.3%17.0%0.0x
2026-0743.5x₹691 cr8.3%17.0%0.0x
2026-0645.2x₹691 cr8.3%17.0%0.0x
2026-0546.5x₹625 cr7.0%17.0%0.0x
2026-0444.1x₹625 cr7.0%17.0%0.0x
2026-0343.5x₹625 cr7.0%17.0%0.0x
2026-0246.6x₹525 cr21.3%—0.0x
2026-0139.3x₹525 cr21.3%—0.0x
2025-1243.5x₹525 cr21.3%—0.0x
2025-1145.3x₹525 cr21.3%—0.0x
2025-1049.9x₹525 cr21.3%—0.0x
2025-0946.9x₹525 cr21.3%—0.0x
2025-0854.5x₹525 cr21.3%—0.0x
2025-0747.3x₹525 cr21.3%—0.0x
2025-0643.6x₹525 cr21.3%—0.0x
2025-0540.4x₹525 cr21.3%—0.0x
2025-0432.0x₹525 cr21.3%—0.0x
2025-0330.0x₹525 cr21.3%—0.0x

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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