Share price
₹203.97 latest close · −10.0% over the last 90 sessions
₹203.97 month-end · +1.1% over 12 months
₹203.97 month-end · +54.4% over 3 years
₹203.97 month-end · +66.3% since Jan '19
52-week range ₹119.99 to ₹271.90 · 1-year volatility 45.1%
Was the rally earned?
- The share price was roughly flat over 1 year (+1%).
- 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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-59.3% (2024-12 peak to 2026-03 low, not yet recovered)
-56.3% (2019-06 peak to 2020-11 low, recovered 2021-06)
-53.7% (2022-01 peak to 2024-06 low, recovered 2024-12)
Most recent volume spikes
2026-10-30: 28.3x the 50-day median, price +6.7% that day
2026-10-29: 5x the 50-day median, price +3.1% that day
2026-09-25: 10.4x the 50-day median, price +5.8% 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?
Usual range 14.7x to 80.3x since 2019-01.
60% above the Producer Manufacturing median.
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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.
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
- ROCE28th▲ 15 pts vs a year ago
- Op. margin19th▼ 8 pts vs a year ago
- Revenue growth67th▲ 9 pts vs a year ago
- EPS growth63rd
- Debt/equity ↓48th▼ 26 pts vs a year ago
- Cash cycle ↓95th▲ 3 pts vs a year ago
- P/E ↓26th▲ 5 pts vs a year ago
- 12M momentum57th▼ 18 pts vs a year ago
Rank history
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?
At a P/E of 47.4x, the price would imply about 24.3%/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
Key figures
- Share Priceclose 9 Nov
- ₹203.97
- P/E
- 47.4x
- ROCE
- 10.0%
- Market Cap
- ₹4761 cr
- Revenue (TTM)
- ₹3664 cr
- P/S
- 1.3x
- P/B
- 3.3x
- ROE
- 7.0%
- Operating Margin
- 6.0%
- Debt / Equity
- 0.3x
- Promoter Holding
- 55.8%
- 12M Momentum
- 1.1%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance4%Within range
Other income as a share of pre-tax profit (trailing twelve months): 4.0%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate77%Beyond threshold
Median quarterly effective tax rate over about 2.5 years: 77.0%. 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 flow0 of 5 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 5: 0. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+4 daysWithin range
Debtor days are above the median of the previous three fiscal years by 4 days (37 vs 33). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress7% of fixed assetsWithin range
Capital work-in-progress is 7% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days+14 days / 2 yrsWithin range
Days payable changed by +14 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.
Who has been buying and selling?
- Over 3 years, FIIs trimmed 3.2 pts; DIIs added 0.8 pts.
- The number of shareholders rose from 2.2 lakh to 3.5 lakh (+59%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like GREAVES COTTON 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 −17% to +38% vs the market, against −3% for all non-financial companies in the same months.
- The gap against the base rate (+9.3%, 80% range −2.2% to +16.4%) is within what chance and overlapping periods produce.
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 · 3 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 37 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| IFBIND Consumer Durables |
Sep 2024 | 83x | 10% | +100% | −15% | 0% |
| GLOBUSSPR Consumer Non-Durables |
Feb 2025 | 40x | 9% | +11% | −35% | −12% |
| BEML Producer Manufacturing |
Sep 2022 | 48x | 9% | +3% | −28% | +35% |
| GREENPLY Producer Manufacturing |
Jul 2025 | 44x | 12% | −9% | −20% | −16% |
| ENTERO Distribution Services |
Aug 2025 | 54x | 9% | −14% | −24% | +42% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ORIENTELEC Consumer Durables |
Jan 2025 | 76x | 14% | +5% | −25% | −23% |
| EVERESTIND Distribution Services |
Oct 2023 | 44x | 11% | +32% | −14% | −31% |
| DCXINDIA Producer Manufacturing |
Jun 2024 | 49x | 10% | +41% | −6% | −25% |
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: interest cover, ROCE 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.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Jan '24
- OctPriceVolume reached 28.3x its 50-day median on 2026-10-30; price +6.7% that day.
- SepPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
- SepPriceVolume reached 15.4x its 50-day median on 2026-09-24; price +7.7% that day.
- JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
- JunPriceVolume reached 10.4x its 50-day median on 2026-06-22; price +7.1% that day.
- MarPriceFell 59% from the Dec 2024 peak to the Mar 2026 low.
- DecResultsYear-on-year EPS growth turned positive.
- DecPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
Show 22 earlier events
- OctPriceVolume reached 8.1x its 50-day median on 2025-10-28; price +5.3% that day.
- SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
- JulPriceVolume reached 46.3x its 50-day median on 2025-07-31; price +6.6% that day.
- JunDividendStarted paying a dividend (payout 80% of profit).
- AprPriceVolume reached 8.5x its 50-day median on 2025-04-30; price +5.4% that day.
- MarResultsRevenue (TTM) reached a new high of ₹2,769 cr.
- MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
- DecResultsEPS (TTM) turned positive.
- DecPriceRegained the 2022-01 peak, 6 months after the low.
- DecValuationP/E crossed above the 90th percentile of its own history to date (87.0x).
- DecPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
- DecPriceVolume reached 42.0x its 50-day median on 2024-12-30; price +5.2% that day.
- SepResultsRevenue (TTM) reached a new high of ₹2,705 cr.
- JulPriceVolume reached 19.4x its 50-day median on 2024-07-04; price +7.8% that day.
- JunResultsEPS (TTM) turned negative.
- JunPriceFell 54% from the Jan 2022 peak to the Jun 2024 low.
- JunDividendDividend payout cut from 27% to -34% of profit.
- JunPriceVolume reached 5.0x its 50-day median on 2024-06-21; price +0.9% that day.
- AprValuationP/E crossed above the 90th percentile of its own history to date (42.0x).
- FebPeer rankSlipped to the bottom quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
- JanDebtDebt / equity halved over 12 months to 0.02x.
- JanPriceVolume reached 8.0x its 50-day median on 2024-01-03; price +3.4% 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 history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 47.4x | ₹3664 cr | 7.0% | 10.0% | 0.3x |
| 2026-10 | 46.4x | ₹3664 cr | 7.0% | 10.0% | 0.3x |
| 2026-09 | 53.6x | ₹3664 cr | 7.0% | 10.0% | 0.3x |
| 2026-08 | 42.9x | ₹3435 cr | 12.3% | 10.0% | 0.3x |
| 2026-07 | 51.6x | ₹3435 cr | 12.3% | 10.0% | 0.3x |
| 2026-06 | 47.7x | ₹3435 cr | 12.3% | 10.0% | 0.3x |
| 2026-05 | 38.9x | ₹3258 cr | 12.5% | 5.0% | 0.1x |
| 2026-04 | 35.4x | ₹3258 cr | 12.5% | 5.0% | 0.1x |
| 2026-03 | 25.8x | ₹3258 cr | 12.5% | 5.0% | 0.1x |
| 2026-02 | 34.2x | ₹3134 cr | 12.9% | 5.0% | 0.1x |
| 2026-01 | 36.5x | ₹3134 cr | 12.9% | 5.0% | 0.1x |
| 2025-12 | 42.9x | ₹3134 cr | 12.9% | 5.0% | 0.1x |
| 2025-11 | 57.8x | ₹3024 cr | 5.7% | 5.0% | 0.1x |
| 2025-10 | 65.3x | ₹3024 cr | 5.7% | 5.0% | 0.1x |
| 2025-09 | 60.7x | ₹3024 cr | 5.7% | 5.0% | 0.1x |
| 2025-08 | 78.9x | ₹2919 cr | 4.1% | 5.0% | 0.1x |
| 2025-07 | 90.1x | ₹2919 cr | 4.1% | 5.0% | 0.1x |
| 2025-06 | 81.3x | ₹2919 cr | 4.1% | 5.0% | 0.1x |
| 2025-05 | 125.5x | ₹2769 cr | 2.5% | 4.0% | 0.1x |
| 2025-04 | 125.5x | ₹2769 cr | 2.5% | 4.0% | 0.1x |
| 2025-03 | 135.1x | ₹2769 cr | 2.5% | 4.0% | 0.1x |
| 2025-02 | 71.7x | ₹2683 cr | 6.6% | 4.0% | 0.1x |
| 2025-01 | 83.4x | ₹2683 cr | 6.6% | 4.0% | 0.1x |
| 2024-12 | 87.0x | ₹2683 cr | 6.6% | 4.0% | 0.1x |
| 2024-11 | — | ₹2705 cr | -119.2% | 4.0% | 0.1x |
| 2024-10 | — | ₹2705 cr | -119.2% | 4.0% | 0.1x |
| 2024-09 | — | ₹2705 cr | -119.2% | 4.0% | 0.1x |
| 2024-08 | — | ₹2633 cr | -127.9% | 4.0% | 0.1x |
| 2024-07 | — | ₹2633 cr | -127.9% | 4.0% | 0.1x |
| 2024-06 | — | ₹2633 cr | -127.9% | 4.0% | 0.1x |
| 2024-05 | 36.2x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2024-04 | 42.0x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2024-03 | 37.6x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2024-02 | 44.9x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2024-01 | 48.6x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2023-12 | 45.1x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2023-11 | 39.2x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2023-10 | 37.3x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2023-09 | 41.0x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2023-08 | 44.7x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2023-07 | 40.4x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2023-06 | 40.0x | ₹2699 cr | 22.1% | 9.0% | 0.0x |
| 2023-05 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2023-04 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2023-03 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2023-02 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2023-01 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2022-12 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2022-11 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2022-10 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2022-09 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2022-08 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2022-07 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2022-06 | — | ₹1710 cr | -23.5% | -1.0% | 0.3x |
| 2022-05 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2022-04 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2022-03 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2022-02 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2022-01 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2021-12 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2021-11 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2021-10 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2021-09 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2021-08 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2021-07 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2021-06 | — | ₹1500 cr | -12.2% | 3.0% | 0.0x |
| 2021-05 | 22.5x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2021-04 | 26.0x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2021-03 | 22.8x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2021-02 | 24.5x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2021-01 | 15.3x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2020-12 | 15.2x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2020-11 | 15.0x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2020-10 | 12.5x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2020-09 | 13.5x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2020-08 | 14.3x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2020-07 | 14.5x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2020-06 | 15.0x | ₹1911 cr | 79.8% | 18.0% | 0.0x |
| 2020-05 | 10.3x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2020-04 | 11.8x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2020-03 | 10.3x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2020-02 | 19.3x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2020-01 | 20.2x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2019-12 | 19.9x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2019-11 | 20.1x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2019-10 | 20.8x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2019-09 | 21.7x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2019-08 | 18.0x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2019-07 | 19.9x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2019-06 | 21.6x | ₹2015 cr | 84.4% | 24.0% | 0.0x |
| 2019-05 | 17.7x | ₹1792 cr | 105.0% | 23.0% | 0.0x |
| 2019-04 | 17.8x | ₹1792 cr | 105.0% | 23.0% | 0.0x |
| 2019-03 | 16.8x | ₹1792 cr | 105.0% | 23.0% | 0.0x |
| 2019-02 | 15.2x | ₹1792 cr | 105.0% | 23.0% | 0.0x |
| 2019-01 | 14.8x | ₹1792 cr | 105.0% | 23.0% | 0.0x |