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GINNI FILAMENTS LTD (GINNIFILA)

Process Industries

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.66 / 100
Profitability 76Growth 41Balance sheet 82
Compare withVARDHMAN TEXTILES LIMTEDARVIND LIMITEDTRIDENT LTD

Passes these screens: Cash Rich · Quality Compounder · Value Pick · Debt-light & profitable

Share Price
₹40.76
P/E
9.8x
ROCE
22.0%
Market Cap
₹349 cr
Revenue (TTM)
₹378 cr
P/S
0.9x
P/B
1.5x
ROE
15.0%
Operating Margin
14.3%
Debt / Equity
0.2x
Promoter Holding
69.7%
12M Momentum
-11.4%
P/E vs its own history45th percentilesince Jan '19
P/E vs Process Industries0.6xthe sector median

52-week range

₹31.50₹57.85
35% of the way from its 52-week low to its high

Price risk

1Y volatility
49.9%
Beta vs sector
1-year daily
1.08

Balance sheet & cash

Interest cover
operating profit ÷ interest
13.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
3.09x
Share count, 1Y
unchanged

Was the rally earned?

-11%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 82 points, but investors now pay less per rupee of profit (P/E 26.6x to 9.8x), which took 94 points back.
  • The share count barely moved.
1 year Net profit growth: +83 pts. Points of the price return explained by net profit growing (or shrinking).+83 ptsP/E change: -94 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-94 ptsShare count change: -0 pts. Points of the price return explained by the share count changing. More shares count against the price. -11% 1 year Net profit growth: +83 pts. Points of the price return explained by net profit growing (or shrinking).+83 ptsP/E change: -94 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-94 ptsShare count change: -0 pts. Points of the price return explained by the share count changing. More shares count against the price. -11%
Net profit growth+83 ptsNet profit rose about 140%, which lifts the price.
P/E change-94 ptsThe P/E fell from 26.6x to 9.8x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+30%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 6.0x to 9.8x); per-share earnings took off 26 points.
  • The share count rose 9%.
5 years Net profit growth: -17 pts. Points of the price return explained by net profit growing (or shrinking).-17 ptsP/E change: +57 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+57 ptsShare count change: -10 pts. Points of the price return explained by the share count changing. More shares count against the price.-10 pts +30% 5 years Net profit growth: -17 pts. Points of the price return explained by net profit growing (or shrinking).-17 ptsP/E change: +57 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+57 ptsShare count change: -10 pts. Points of the price return explained by the share count changing. More shares count against the price. +30%
Net profit growth-16 ptsNet profit fell about 13%, which lowers the price.
P/E change+57 ptsThe P/E rose from 6.0x to 9.8x, which lifts the price.
Share count change-10 ptsShare count rose 9%, 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: 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 VARDHMAN TEXTILES LIMTED

Is it expensive against its own past and its peers?

9.8xP/E todayWithin its usual range
Against its own history45th percentileMedian 10.5x; usual range 5.8x to 34.2x since 2019-01.
Against Process Industries9.8x vs 18.0xBelow the Process Industries median.
3.0x35.8x68.6x101.4xJan '19Aug '20Mar '22Oct '23May '25Oct '263.0x35.8x68.6x101.4xJan '19Aug '21Mar '24Oct '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

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

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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; dashed 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

What is the price implying?

~7%annual earnings growth implied by the price

At a P/E of 9.8x, the price would imply about 7.4%/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

What changed?

  1. Jun '26Moved into the top quartile of Process Industries on ROCE (from the 3rd quartile).
  2. Jun '26Debt / equity halved over 12 months to 0.17x.
  3. Jun '25EPS (TTM) turned positive.
  4. Jun '25P/E crossed above the 90th percentile of its own history to date (89.3x).
  5. Jun '25Moved into the 3rd quartile of Process Industries on ROCE (from the bottom quartile).
  6. Mar '25Moved into the 3rd quartile of Process Industries on operating margin (from the bottom quartile).
  7. Jan '25Debt / equity halved over 12 months to 0.40x.
  8. Dec '24Slipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
Show 21 earlier events
  1. Jun '24Debt / equity halved over 12 months to 0.40x.
  2. Jun '23EPS (TTM) turned negative.
  3. Jun '23Slipped to the bottom quartile of Process Industries on ROCE (from the 2nd quartile).
  4. Jun '23Debt / equity fell below 1.0x (0.92x).
  5. Mar '23Fell 73% from the Jan 2022 peak to the Mar 2023 low.
  6. Sep '22P/E fell below the 10th percentile of its own history to date (6.2x).
  7. Jul '22Share count is up 8.9% over 12 months.
  8. Jun '22Revenue (TTM) reached a new high of ₹1,084 cr.
  9. Jun '22Slipped to the 3rd quartile of Process Industries on EPS growth (from the top quartile).
  10. Jun '22Debt / equity rose above 1.0x (1.12x).
  11. Dec '21Regained the 2021-07 peak, 4 months after the low.
  12. Aug '21Fell 29% from the Jul 2021 peak to the Aug 2021 low.
  13. Jun '21Moved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
  14. Jun '21Debt / equity fell below 1.0x (0.97x).
  15. Jun '21Share count is up 11.3% over 12 months.
  16. Nov '20Regained the 2019-01 peak, 8 months after the low.
  17. Jun '20EPS (TTM) turned positive.
  18. Jun '20Moved into the 3rd quartile of Process Industries on ROCE (from the bottom quartile).
  19. Mar '20Fell 69% from the Jan 2019 peak to the Mar 2020 low.
  20. Jun '19EPS (TTM) turned negative.
  21. Jun '19Slipped to the bottom quartile of Process Industries on ROCE (from the 3rd quartile).

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?

5 of 6 checks are within range, 1 near a threshold.
Tap a check to see how it is measured.

Other income reliance5%Within range

Other income as a share of pre-tax profit (trailing twelve months): 4.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate9%Near threshold

Median quarterly effective tax rate over about 2.5 years: 9.3%. 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 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-5 daysWithin range

Debtor days are below the median of the previous three fiscal years by 5 days (68 vs 73). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress3% of fixed assetsWithin range

Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-45 days / 2 yrsWithin range

Days payable changed by -45 over two years. Bands: rise of up to 30 days; more than 30 days.

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, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders fell from 29,915 to 25,154 (-16%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters69.7%69.7%0.0 pts
FIIs0.1%0.0%-0.1 pts
DIIs———
Public and others30.2%30.3%+0.1 pts

Number of shareholders

25,154shareholders-16% since Dec '23
25k27k28k30k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 29,915
Mar '24: 28,964
Jun '24: 28,594
Sep '24: 28,728
Dec '24: 28,610
Mar '25: 28,297
Jun '25: 27,175
Sep '25: 25,968
Dec '25: 25,587
Mar '26: 25,337
Jun '26: 25,154
 25k27k28k30k Dec '23Dec '24Dec '25Jun '26
Dec '23: 29,915
Mar '24: 28,964
Jun '24: 28,594
Sep '24: 28,728
Dec '24: 28,610
Mar '25: 28,297
Jun '25: 27,175
Sep '25: 25,968
Dec '25: 25,587
Mar '26: 25,337
Jun '26: 25,154

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

How rough has the ride been?

Maximum drawdown-72.7%not yet recovered
1-year volatility49.9%annualised

Monthly share price

₹6₹22₹38₹54 Jan '19Aug '20Mar '22Oct '23May '25Oct '26
2019-01: ₹15.70
2019-02: ₹12.70
2019-03: ₹13.10
2019-04: ₹12.95
2019-05: ₹12.80
2019-06: ₹10.60
2019-07: ₹8.40
2019-08: ₹8.15
2019-09: ₹8.50
2019-10: ₹9.00
2019-11: ₹8.25
2019-12: ₹7.85
2020-01: ₹8.60
2020-02: ₹8.35
2020-03: ₹6.10
2020-04: ₹6.90
2020-05: ₹6.65
2020-06: ₹12.90
2020-07: ₹9.85
2020-08: ₹12.60
2020-09: ₹11.70
2020-10: ₹11.60
2020-11: ₹17.65
2020-12: ₹22.50
2021-01: ₹19.65
2021-02: ₹19.05
2021-03: ₹19.55
2021-04: ₹21.80
2021-05: ₹28.15
2021-06: ₹33.95
2021-07: ₹37.85
2021-08: ₹30.45
2021-09: ₹33.50
2021-10: ₹31.30
2021-11: ₹31.25
2021-12: ₹48.90
2022-01: ₹53.55
2022-02: ₹43.75
2022-03: ₹43.50
2022-04: ₹50.35
2022-05: ₹38.45
2022-06: ₹38.05
2022-07: ₹39.55
2022-08: ₹38.80
2022-09: ₹34.75
2022-10: ₹33.60
2022-11: ₹33.45
2022-12: ₹32.75
2023-01: ₹31.90
2023-02: ₹22.55
2023-03: ₹16.90
2023-04: ₹22.30
2023-05: ₹21.80
2023-06: ₹29.75
2023-07: ₹27.40
2023-08: ₹27.20
2023-09: ₹27.20
2023-10: ₹27.00
2023-11: ₹33.35
2023-12: ₹28.80
2024-01: ₹43.10
2024-02: ₹36.80
2024-03: ₹30.30
2024-04: ₹34.75
2024-05: ₹30.65
2024-06: ₹31.70
2024-07: ₹31.62
2024-08: ₹30.58
2024-09: ₹29.99
2024-10: ₹30.48
2024-11: ₹31.89
2024-12: ₹32.07
2025-01: ₹30.46
2025-02: ₹22.08
2025-03: ₹19.14
2025-04: ₹23.97
2025-05: ₹38.54
2025-06: ₹43.75
2025-07: ₹48.48
2025-08: ₹49.69
2025-09: ₹45.47
2025-10: ₹46.01
2025-11: ₹40.05
2025-12: ₹41.44
2026-01: ₹35.71
2026-02: ₹38.99
2026-03: ₹33.27
2026-04: ₹42.19
2026-05: ₹42.68
2026-06: ₹50.13
2026-07: ₹45.63
2026-08: ₹43.99
2026-09: ₹40.50
2026-10: ₹40.76
 ₹6₹22₹38₹54 Jan '19Aug '21Mar '24Oct '26
2019-01: ₹15.70
2019-02: ₹12.70
2019-03: ₹13.10
2019-04: ₹12.95
2019-05: ₹12.80
2019-06: ₹10.60
2019-07: ₹8.40
2019-08: ₹8.15
2019-09: ₹8.50
2019-10: ₹9.00
2019-11: ₹8.25
2019-12: ₹7.85
2020-01: ₹8.60
2020-02: ₹8.35
2020-03: ₹6.10
2020-04: ₹6.90
2020-05: ₹6.65
2020-06: ₹12.90
2020-07: ₹9.85
2020-08: ₹12.60
2020-09: ₹11.70
2020-10: ₹11.60
2020-11: ₹17.65
2020-12: ₹22.50
2021-01: ₹19.65
2021-02: ₹19.05
2021-03: ₹19.55
2021-04: ₹21.80
2021-05: ₹28.15
2021-06: ₹33.95
2021-07: ₹37.85
2021-08: ₹30.45
2021-09: ₹33.50
2021-10: ₹31.30
2021-11: ₹31.25
2021-12: ₹48.90
2022-01: ₹53.55
2022-02: ₹43.75
2022-03: ₹43.50
2022-04: ₹50.35
2022-05: ₹38.45
2022-06: ₹38.05
2022-07: ₹39.55
2022-08: ₹38.80
2022-09: ₹34.75
2022-10: ₹33.60
2022-11: ₹33.45
2022-12: ₹32.75
2023-01: ₹31.90
2023-02: ₹22.55
2023-03: ₹16.90
2023-04: ₹22.30
2023-05: ₹21.80
2023-06: ₹29.75
2023-07: ₹27.40
2023-08: ₹27.20
2023-09: ₹27.20
2023-10: ₹27.00
2023-11: ₹33.35
2023-12: ₹28.80
2024-01: ₹43.10
2024-02: ₹36.80
2024-03: ₹30.30
2024-04: ₹34.75
2024-05: ₹30.65
2024-06: ₹31.70
2024-07: ₹31.62
2024-08: ₹30.58
2024-09: ₹29.99
2024-10: ₹30.48
2024-11: ₹31.89
2024-12: ₹32.07
2025-01: ₹30.46
2025-02: ₹22.08
2025-03: ₹19.14
2025-04: ₹23.97
2025-05: ₹38.54
2025-06: ₹43.75
2025-07: ₹48.48
2025-08: ₹49.69
2025-09: ₹45.47
2025-10: ₹46.01
2025-11: ₹40.05
2025-12: ₹41.44
2026-01: ₹35.71
2026-02: ₹38.99
2026-03: ₹33.27
2026-04: ₹42.19
2026-05: ₹42.68
2026-06: ₹50.13
2026-07: ₹45.63
2026-08: ₹43.99
2026-09: ₹40.50
2026-10: ₹40.76

Last 90 trading days

₹39₹44₹49₹55 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹47.57
2026-06-25: ₹49.16
2026-06-30: ₹50.13
2026-07-02: ₹51.47
2026-07-06: ₹54.65
2026-07-08: ₹51.59
2026-07-10: ₹52.91
2026-07-14: ₹51.13
2026-07-16: ₹50.06
2026-07-20: ₹50.44
2026-07-22: ₹48.22
2026-07-24: ₹47.06
2026-07-28: ₹46.92
2026-07-30: ₹45.11
2026-08-03: ₹45.86
2026-08-05: ₹46.20
2026-08-07: ₹45.57
2026-08-11: ₹45.10
2026-08-13: ₹43.07
2026-08-17: ₹44.66
2026-08-19: ₹44.42
2026-08-21: ₹45.45
2026-08-25: ₹44.47
2026-08-27: ₹45.24
2026-08-31: ₹43.99
2026-09-02: ₹43.97
2026-09-04: ₹42.57
2026-09-08: ₹42.99
2026-09-10: ₹41.30
2026-09-15: ₹42.18
2026-09-17: ₹41.65
2026-09-21: ₹41.61
2026-09-23: ₹42.95
2026-09-25: ₹42.49
2026-09-29: ₹40.01
2026-10-01: ₹40.08
2026-10-06: ₹40.96
2026-10-08: ₹40.33
2026-10-12: ₹41.40
2026-10-14: ₹42.36
2026-10-16: ₹40.20
2026-10-21: ₹38.95
2026-10-23: ₹39.57
2026-10-27: ₹40.94
2026-10-29: ₹40.42
2026-10-30: ₹40.76
 ₹39₹44₹49₹55 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹47.57
2026-06-25: ₹49.16
2026-06-30: ₹50.13
2026-07-02: ₹51.47
2026-07-06: ₹54.65
2026-07-08: ₹51.59
2026-07-10: ₹52.91
2026-07-14: ₹51.13
2026-07-16: ₹50.06
2026-07-20: ₹50.44
2026-07-22: ₹48.22
2026-07-24: ₹47.06
2026-07-28: ₹46.92
2026-07-30: ₹45.11
2026-08-03: ₹45.86
2026-08-05: ₹46.20
2026-08-07: ₹45.57
2026-08-11: ₹45.10
2026-08-13: ₹43.07
2026-08-17: ₹44.66
2026-08-19: ₹44.42
2026-08-21: ₹45.45
2026-08-25: ₹44.47
2026-08-27: ₹45.24
2026-08-31: ₹43.99
2026-09-02: ₹43.97
2026-09-04: ₹42.57
2026-09-08: ₹42.99
2026-09-10: ₹41.30
2026-09-15: ₹42.18
2026-09-17: ₹41.65
2026-09-21: ₹41.61
2026-09-23: ₹42.95
2026-09-25: ₹42.49
2026-09-29: ₹40.01
2026-10-01: ₹40.08
2026-10-06: ₹40.96
2026-10-08: ₹40.33
2026-10-12: ₹41.40
2026-10-14: ₹42.36
2026-10-16: ₹40.20
2026-10-21: ₹38.95
2026-10-23: ₹39.57
2026-10-27: ₹40.94
2026-10-29: ₹40.42
2026-10-30: ₹40.76

Drawdown from peak

0% -36% -73% Jan '19Dec '22Oct '26 0% -36% -73% Jan '19Dec '22Oct '26
Largest drawdowns

-72.7% (2022-01 peak to 2023-03 low, not yet recovered)

-69.2% (2019-01 peak to 2020-03 low, recovered 2020-11)

-29.0% (2021-07 peak to 2021-08 low, recovered 2021-12)

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).

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '26
Lower rank Higher rank

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 happened next to similar setups

+10.4%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like GINNI FILAMENTS 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 −19% to +43% vs the market, against −2% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +12.4%, 80% range +0.1% to +21.1%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
PPL · Dec 2024: −55.1% vs market
TOLINS · Sep 2025: −50.8% vs market
GTPL · Jan 2024: −45.7% vs market
SIYSIL · Sep 2023: −42.0% vs market
RADIANTCMS · Aug 2025: −35.5% vs market
DBCORP · Aug 2025: −29.0% vs market
PIONEEREMB · Jun 2021: −28.7% vs market
EXPLEOSOL · Jul 2025: −28.1% vs market
CLSEL · Jan 2025: −28.1% vs market
LINC · Jul 2025: −27.2% vs market
PPAP · May 2020: −26.6% vs market
INSECTICID · Sep 2025: −22.3% vs market
ANDHRSUGAR · Jan 2020: −18.7% vs market
FAZE3Q · Jan 2024: −18.6% vs market
UCAL · Apr 2020: −16.9% vs market
ORIENTCER · Aug 2020: −9.7% vs market
PUNJABCHEM · Apr 2024: −8.7% vs market
PANAMAPET · Jul 2024: −7.6% vs market
PTL · Mar 2022: −3.4% vs market
LGBBROSLTD · Jan 2024: −1.7% vs market
LINCOLN · Feb 2020: −0.1% vs market
PDMJEPAPER · Mar 2022: +0.2% vs market
LUMAXTECH · Apr 2021: +1.4% vs market
VSSL · Jan 2025: +2.2% vs market
SPAL · Apr 2023: +7.6% vs market
KCP · Mar 2023: +13.1% vs market
GNA · Jun 2021: +16.4% vs market
ORIENTCEM · Apr 2023: +17.5% vs market
MALLCOM · Jan 2024: +18.7% vs market
20MICRONS · Apr 2024: +20.6% vs market
ALLDIGI · Apr 2024: +22.4% vs market
FIEMIND · Jun 2020: +28.1% vs market
PCBL · Aug 2020: +32.5% vs market
MANALIPETC · Jan 2020: +33.9% vs market
TPLPLASTEH · Jun 2020: +36.2% vs market
TALBROAUTO · Jun 2025: +37.7% vs market
IMFA · Jul 2023: +38.6% vs market
KIRLOSIND · Nov 2020: +43.9% vs market
AMBIKCO · Jan 2021: +45.7% vs market
KSL · May 2020: +49.6% vs market
GENUSPOWER · Aug 2020: +49.6% vs market
EVERESTIND · Aug 2021: +49.7% vs market
DATAMATICS · Jan 2023: +68.2% vs market
SUNFLAG · Apr 2020: +76.4% vs market
DPWIRES · Jun 2020: +91.5% vs market
TIRUPATIFL · Mar 2024: +91.6% vs market
KOTHARIPET · Sep 2020: +97.3% vs market
SHAKTIPUMP · Mar 2023: +122.0% vs market
BANCOINDIA · Nov 2022: +143.7% vs market
TNPETRO · Jul 2020: +150.5% vs market
Similar setups +10.4%All companies −2.0%← 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
+10.4%
All companies' median
−2.0%
Beat the market
58% vs 48%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PPL
Producer Manufacturing		 Dec 2024 12x29% +28%−22% −55%
FIEMIND
Producer Manufacturing		 Jun 2020 6x16% −21%−29% +28%
TNPETRO
Process Industries		 Jul 2020 5x18% +1%−24% +151%
ANDHRSUGAR
Process Industries		 Jan 2020 5x21% +4%−22% −19%
MANALIPETC
Process Industries		 Jan 2020 5x22% −16%−23% +34%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
LINC
Consumer Non-Durables		 Jul 2025 21x22% −12%−31% −27%
MALLCOM
Consumer Non-Durables		 Jan 2024 18x21% +53%−8% +19%
INSECTICID
Process Industries		 Sep 2025 14x17% −15%−30% −22%
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: drawdown from 12-month high, 12-month momentum 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 GINNI FILAMENTS 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 2026-10-30. 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: 97,430 company-months from 2000 companies; financial: 5,632 company-months from 106 companies. 2240 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.
Monthly history (94 months)
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-109.8x₹378 cr15.0%22.0%0.2x
2026-099.8x₹378 cr15.0%22.0%0.2x
2026-0810.2x₹376 cr15.7%22.0%0.2x
2026-0710.5x₹376 cr15.7%22.0%0.2x
2026-0611.6x₹376 cr15.7%22.0%0.2x
2026-0510.5x₹369 cr17.4%9.0%0.4x
2026-0410.4x₹369 cr17.4%9.0%0.4x
2026-038.2x₹369 cr17.4%9.0%0.4x
2026-0213.4x₹362 cr12.5%9.0%0.4x
2026-0112.2x₹362 cr12.5%9.0%0.4x
2025-1214.2x₹362 cr12.5%9.0%0.4x
2025-1123.2x₹360 cr7.4%9.0%0.4x
2025-1026.6x₹360 cr7.4%9.0%0.4x
2025-0926.3x₹360 cr7.4%9.0%0.4x
2025-08101.4x₹321 cr2.1%9.0%0.4x
2025-0798.9x₹321 cr2.1%9.0%0.4x
2025-0689.3x₹321 cr2.1%9.0%0.4x
2025-05—₹329 cr-26.4%2.0%0.4x
2025-04—₹329 cr-26.4%2.0%0.4x
2025-03—₹329 cr-26.4%2.0%0.4x
2025-02—₹340 cr-33.2%2.0%0.4x
2025-01—₹340 cr-33.2%2.0%0.4x
2024-12—₹340 cr-33.2%2.0%0.4x
2024-11—₹331 cr-38.8%2.0%0.4x
2024-10—₹331 cr-38.8%2.0%0.4x
2024-09—₹331 cr-38.8%2.0%0.4x
2024-08—₹351 cr-43.3%2.0%0.4x
2024-07—₹351 cr-43.3%2.0%0.4x
2024-06—₹351 cr-43.3%2.0%0.4x
2024-05—₹371 cr-5.0%4.0%0.9x
2024-04—₹371 cr-5.0%4.0%0.9x
2024-03—₹371 cr-5.0%4.0%0.9x
2024-02—₹371 cr-5.0%4.0%0.9x
2024-01—₹371 cr-5.0%4.0%0.9x
2023-12—₹371 cr-5.0%4.0%0.9x
2023-11—₹371 cr-5.0%4.0%0.9x
2023-10—₹371 cr-5.0%4.0%0.9x
2023-09—₹371 cr-5.0%4.0%0.9x
2023-08—₹371 cr-5.0%4.0%0.9x
2023-07—₹371 cr-5.0%4.0%0.9x
2023-06—₹371 cr-5.0%4.0%0.9x
2023-053.9x₹1084 cr16.4%17.0%1.1x
2023-043.9x₹1084 cr16.4%17.0%1.1x
2023-033.0x₹1084 cr16.4%17.0%1.1x
2023-024.0x₹1084 cr16.4%17.0%1.1x
2023-015.6x₹1084 cr16.4%17.0%1.1x
2022-125.8x₹1084 cr16.4%17.0%1.1x
2022-115.9x₹1084 cr16.4%17.0%1.1x
2022-105.9x₹1084 cr16.4%17.0%1.1x
2022-096.2x₹1084 cr16.4%17.0%1.1x
2022-086.9x₹1084 cr16.4%17.0%1.1x
2022-077.0x₹1084 cr16.4%17.0%1.1x
2022-066.7x₹1084 cr16.4%17.0%1.1x
2022-057.4x₹778 cr17.2%18.0%1.0x
2022-049.6x₹778 cr17.2%18.0%1.0x
2022-038.3x₹778 cr17.2%18.0%1.0x
2022-028.4x₹778 cr17.2%18.0%1.0x
2022-0110.3x₹778 cr17.2%18.0%1.0x
2021-129.4x₹778 cr17.2%18.0%1.0x
2021-116.0x₹778 cr17.2%18.0%1.0x
2021-106.0x₹778 cr17.2%18.0%1.0x
2021-096.4x₹778 cr17.2%18.0%1.0x
2021-085.8x₹778 cr17.2%18.0%1.0x
2021-077.3x₹778 cr17.2%18.0%1.0x
2021-066.5x₹778 cr17.2%18.0%1.0x
2021-0534.8x₹788 cr3.2%8.0%1.7x
2021-0426.9x₹788 cr3.2%8.0%1.7x
2021-0324.1x₹788 cr3.2%8.0%1.7x
2021-0223.5x₹788 cr3.2%8.0%1.7x
2021-0124.3x₹788 cr3.2%8.0%1.7x
2020-1227.8x₹788 cr3.2%8.0%1.7x
2020-1121.8x₹788 cr3.2%8.0%1.7x
2020-1014.3x₹788 cr3.2%8.0%1.7x
2020-0914.4x₹788 cr3.2%8.0%1.7x
2020-0815.6x₹788 cr3.2%8.0%1.7x
2020-0712.2x₹788 cr3.2%8.0%1.7x
2020-0615.9x₹788 cr3.2%8.0%1.7x
2020-05—₹809 cr-1.9%6.0%1.6x
2020-04—₹809 cr-1.9%6.0%1.6x
2020-03—₹809 cr-1.9%6.0%1.6x
2020-02—₹809 cr-1.9%6.0%1.6x
2020-01—₹809 cr-1.9%6.0%1.6x
2019-12—₹809 cr-1.9%6.0%1.6x
2019-11—₹809 cr-1.9%6.0%1.6x
2019-10—₹809 cr-1.9%6.0%1.6x
2019-09—₹809 cr-1.9%6.0%1.6x
2019-08—₹809 cr-1.9%6.0%1.6x
2019-07—₹809 cr-1.9%6.0%1.6x
2019-06—₹809 cr-1.9%6.0%1.6x
2019-0533.7x₹703 cr1.5%7.0%1.6x
2019-0434.1x₹703 cr1.5%7.0%1.6x
2019-0334.5x₹703 cr1.5%7.0%1.6x
2019-0233.4x₹703 cr1.5%7.0%1.6x
2019-0141.3x₹703 cr1.5%7.0%1.6x

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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