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GREENPANEL INDUSTRIES LIMITED (GREENPANEL)

Non-Energy Minerals · Forest 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.52 / 100
Profitability 64Growth 18Balance sheet 73
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.26 / 100
Price 9Earnings 45FII/DII 25
Compare withSTYLAM INDUSTRIESGREENLAM INDUSTRIESRESPONSIVE INDUSTRIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹145.77 latest close · −24.1% over the last 90 sessions

₹125₹150₹175₹200Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹125₹150₹175₹200Jul 3Sep 4Nov 9

₹145.77 month-end · −41.5% over 12 months

₹150₹200₹250Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹150₹200₹250Nov '25May '26Nov '26

₹145.77 month-end · −57.8% over 3 years

₹200₹300₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹300₹400Nov '23May '25Nov '26

₹145.77 month-end · +388.3% since Oct '19

₹0₹200₹400₹600Oct '19Mar '21Aug '22Jan '24Jun '25Nov '26 ₹0₹200₹400₹600Oct '19May '23Nov '26

52-week range ₹116.07 to ₹290.00 · 1-year volatility 37.5%

Was the rally earned?

-42%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 21.4x to 12.5x); per-share earnings added 0 points.
  • The share count barely moved.
P/E change: −41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−41 ptsP/E changeShare price: −41%−41%Share priceP/E change: −41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−41P/EShare price: −41%−41%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-41 ptsThe P/E fell from 21.4x to 12.5x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-58%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings took off 28 points and the multiple took off 30 points (P/E 19.6x to 12.5x).
  • The share count barely moved.
Net profit growth: −28 pts. Points of the price return explained by net profit growing (or shrinking).−28 ptsNet profit growthP/E change: −30 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−30 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: −58%−58%Share priceNet profit growth: −28 pts. Points of the price return explained by net profit growing (or shrinking).−28ProfitP/E change: −30 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−30P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −58%−58%Share price
Net profit growth-28 ptsNet profit fell about 34%, which lowers the price.
P/E change-30 ptsThe P/E fell from 19.6x to 12.5x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-61%share price, 5 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 47 points, but investors now pay less per rupee of profit (P/E 66.5x to 12.5x), which took 108 points back.
  • The share count barely moved.
Net profit growth: +47 pts. Points of the price return explained by net profit growing (or shrinking).+47 ptsNet profit growthP/E change: −108 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−108 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: −61%−61%Share priceNet profit growth: +47 pts. Points of the price return explained by net profit growing (or shrinking).+47ProfitP/E change: −108 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−108P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −61%−61%Share price
Net profit growth+47 ptsNet profit rose about 107%, which lifts the price.
P/E change-108 ptsThe P/E fell from 66.5x to 12.5x, which lowers the price.
Share count change0 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.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with STYLAM INDUSTRIES

How rough has the ride been?

Maximum drawdown-79.5%not yet recovered
1-year volatility37.5%annualised
Beta vs sector index0.593-year daily, correlation 0.32
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−78.3% 0%−25%−50%−75%202220242026−78.3%
Largest drawdowns

-79.5% (2022-05 peak to 2026-11 low, not yet recovered)

-58.8% (2020-01 peak to 2020-05 low, recovered 2020-10)

-26.2% (2019-10 peak to 2019-10 low, recovered 2019-11)

Most recent volume spikes

2026-09-17: 6.8x the 50-day median, price +3.7% that day

2026-09-01: 7.9x the 50-day median, price +2.2% that day

2026-08-20: 6.4x the 50-day median, price -0.2% 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?

12.5xP/E todayNear its historic low
Against its own history5th percentile
CheapestMedian 23.2xDearest

Usual range 14.0x to 78.0x since 2019-10.

Against Non-Energy Minerals12.5x vs 21.8x
This company
12.5x
Sector median
21.8x

42% below the Non-Energy Minerals median.

8.6x78.1x147.5x217.0xOct '19Mar '21Aug '22Jan '24Jun '25Nov '268.6x78.1x147.5x217.0xOct '19Mar '22Aug '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

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P/B (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

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P/S (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals 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 Non-Energy Minerals is valued

Where does it rank among Non-Energy Minerals peers?

Each cell is the company's percentile rank among its Non-Energy Minerals 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

  • ROCE64th▲ 7 pts vs a year ago
  • Op. margin65th▲ 7 pts vs a year ago
  • Revenue growth24th▼ 20 pts vs a year ago
  • EPS growth43rd▼ 12 pts vs a year ago
  • Debt/equity ↓62ndflat vs a year ago
  • Cash cycle ↓66thflat vs a year ago
  • P/E ↓78th▲ 14 pts vs a year ago
  • 12M momentum8th▼ 16 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 Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory

What is the price implying?

~9%annual earnings growth implied by the price

At a P/E of 12.4x, the price would imply about 9.3%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Earnings figures have not updated recently, so the company is left out of the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Non-Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹145.77
P/E
12.5x
ROCE
13.0%
Market Cap
₹1791 cr
Revenue (TTM)
₹1568 cr
P/S
1.1x
P/B
1.4x
ROE
10.9%
Operating Margin
13.0%
Debt / Equity
0.2x
Promoter Holding
53.3%
12M Momentum
-41.5%

52-week range

₹116.07₹290.00
17% of the way from its 52-week low to its high

Price risk

1Y volatility
37.5%
Beta vs sector
1-year daily
0.56

Balance sheet & cash

Interest cover
operating profit ÷ interest
16.3x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.31x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance12%Within range

Other income as a share of pre-tax profit (trailing twelve months): 11.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.31xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.31x (cash from operations ₹838 cr, net profit ₹640 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

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 history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (7 vs 7). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress32% of fixed assetsNear threshold

Capital work-in-progress is 32% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days0 days / 2 yrsWithin range

Days payable changed by 0 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 3 years, DIIs added 5.7 pts; FIIs trimmed 3.5 pts.
  • The number of shareholders fell from 1.2 lakh to 86,784 (-29%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters53.1%53.3%+0.1 pts
FIIs4.4%0.9%-3.5 pts
DIIs22.8%28.5%+5.7 pts
Public and others19.6%17.3%-2.3 pts

Number of shareholders

86,784shareholders-29% since Sep '23
87k99k1.1L1.2L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.2 lakh
Dec '23: 1.2 lakh
Mar '24: 1.2 lakh
Jun '24: 1.2 lakh
Sep '24: 1.1 lakh
Dec '24: 98,171
Mar '25: 96,587
Jun '25: 97,162
Sep '25: 93,762
Dec '25: 91,305
Mar '26: 88,249
Jun '26: 86,784
 87k99k1.1L1.2L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.2 lakh
Dec '23: 1.2 lakh
Mar '24: 1.2 lakh
Jun '24: 1.2 lakh
Sep '24: 1.1 lakh
Dec '24: 98,171
Mar '25: 96,587
Jun '25: 97,162
Sep '25: 93,762
Dec '25: 91,305
Mar '26: 88,249
Jun '26: 86,784

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

−6.6%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like GREENPANEL INDUSTRIES 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 −19% to +40% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (−5.1%, 80% range −13.5% to +6.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
VALIANTORG · Jan 2024: −45.8% vs market
ALANKIT · May 2025: −41.0% vs market
MOL · Jun 2023: −37.3% vs market
PRINCEPIPE · Oct 2024: −34.0% vs market
RUPA · Aug 2025: −27.5% vs market
FAIRCHEMOR · Oct 2024: −25.6% vs market
UNIPARTS · Jun 2024: −25.3% vs market
IRMENERGY · Nov 2024: −25.0% vs market
GAEL · Oct 2024: −22.7% vs market
UFO · Jun 2020: −22.7% vs market
BALMLAWRIE · May 2021: −22.1% vs market
INDOCO · May 2024: −20.6% vs market
IOLCP · Apr 2024: −19.0% vs market
NILKAMAL · Apr 2024: −18.8% vs market
GNA · Jun 2024: −18.5% vs market
TVTODAY · Aug 2023: −18.1% vs market
INSECTICID · May 2023: −17.1% vs market
CAPACITE · Sep 2020: −16.0% vs market
GTPL · Jul 2023: −15.1% vs market
DBCORP · Jul 2021: −15.0% vs market
JAGRAN · May 2020: −15.0% vs market
LINC · Apr 2025: −11.6% vs market
BIRLANU · Oct 2022: −11.0% vs market
AVTNPL · Jul 2024: −9.8% vs market
JKIL · Oct 2020: −8.2% vs market
HARSHA · Jan 2024: −5.0% vs market
BLISSGVS · Apr 2022: −3.7% vs market
MATRIMONY · Jan 2024: +0.5% vs market
AARTIDRUGS · Jul 2024: +5.4% vs market
SANDHAR · Apr 2021: +8.6% vs market
APEX · Mar 2021: +8.7% vs market
LUXIND · Feb 2024: +14.9% vs market
KIRLOSENG · Sep 2020: +17.9% vs market
HSCL · May 2021: +22.0% vs market
DALMIASUG · Oct 2022: +30.3% vs market
CIEINDIA · Mar 2020: +30.5% vs market
GUJALKALI · Dec 2020: +36.0% vs market
JUBLINGREA · Nov 2023: +40.9% vs market
TCI · Jun 2020: +50.9% vs market
KOPRAN · Oct 2025: +52.8% vs market
SHRIPISTON · Apr 2022: +65.9% vs market
SHK · May 2020: +69.1% vs market
ZENSARTECH · Jan 2023: +79.3% vs market
AKUMS · Sep 2025: +84.4% vs market
SIYSIL · Nov 2020: +87.6% vs market
CYIENT · Jun 2020: +90.7% vs market
KIRLOSBROS · May 2022: +97.8% vs market
AMBIKCO · Apr 2021: +101.5% vs market
MARKSANS · Sep 2022: +103.5% vs market
SMSPHARMA · Feb 2020: +170.5% vs market
Similar setups −6.6%All companies −1.5%← 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
−6.6%
All companies' median
−1.5%
Beat the market
46% vs 48%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DBCORP
Consumer Services		 Jul 2021 11x10% +27%−21% −15%
GNA
Producer Manufacturing		 Jun 2024 17x15% −1%−29% −19%
JAGRAN
Consumer Services		 May 2020 4x17% −66%−67% −15%
BLISSGVS
Health Technology		 Apr 2022 12x12% −21%−37% −4%
IRMENERGY
Energy Minerals		 Nov 2024 18x15% −19%−39% −25%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GAEL
Consumer Non-Durables		 Oct 2024 17x16% −18%−35% −23%
LUXIND
Consumer Non-Durables		 Feb 2024 25x13% −8%−27% +15%
JUBLINGREA
Process Industries		 Nov 2023 22x16% −20%−23% +41%
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: 12-month momentum, P/S and drawdown from 12-month high. 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 GREENPANEL INDUSTRIES LIMITED. 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.

GUJARAT INDUSTRIES POWER CO LGIPCL
Utilities
78%similar
debt/equityrevenue
KNR CONSTRUCTIONSKNRCON
Industrial Services
68%similar
EPS growthrevenue growth
INDIA PESTICIDESIPL
Process Industries
66%similar
P/EEPS growth
SOUTHERN PETROCHEMICAL INDUSTRSPIC
Process Industries
64%similar
promoter holdingEPS growth
PUNJAB CHEMICALS AND CROP PROTPUNJABCHEM
Process Industries
63%similar
volatilityoperating margin
KALYANI STEELSKSL
Non-Energy Minerals
62%similar
debt/equityvolatility
PRAKASH INDUSTRIESPRAKASH
Non-Energy Minerals
62%similar
market caprevenue growth
KAMDHENUKAMDHENU
Non-Energy Minerals
55%similar
revenue growthpromoter holding

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. NovPriceFell 80% from the May 2022 peak to the Nov 2026 low.
  2. SepPriceVolume reached 7.9x its 50-day median on 2026-09-01; price +2.2% that day.
  3. AugValuationP/E fell below the 10th percentile of its own history to date (13.5x).
  4. AprPriceVolume reached 18.9x its 50-day median on 2026-04-29; price +7.0% that day.
  5. MarValuationP/E fell below the 10th percentile of its own history to date (14.7x).
  6. JanPriceVolume reached 15.1x its 50-day median on 2026-01-30; price +4.6% that day.
  7. DecPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on EPS growth (from the 2nd quartile).
  8. OctPriceVolume reached 105.4x its 50-day median on 2025-10-01; price +10.0% that day.
Show 22 earlier events
  1. SepPriceVolume reached 176.2x its 50-day median on 2025-09-11; price +18.1% that day.
  2. JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
  3. MayPriceVolume reached 17.8x its 50-day median on 2025-05-30; price -2.5% that day.
  4. MarPeer rankMoved into the 3rd quartile of Non-Energy Minerals on EPS growth (from the bottom quartile).
  5. MarPriceVolume reached 9.4x its 50-day median on 2025-03-03; price -7.6% that day.
  6. DecPriceVolume reached 7.7x its 50-day median on 2024-12-10; price +12.7% that day.
  7. SepPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
  8. JulPriceVolume reached 10.5x its 50-day median on 2024-07-30; price +6.8% that day.
  9. JunPeer rankSlipped to the 2nd quartile of Non-Energy Minerals on ROCE (from the top quartile).
  10. DecPriceVolume reached 20.6x its 50-day median on 2023-12-28; price +6.6% that day.
  11. SepResultsYear-on-year EPS growth turned negative.
  12. SepPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on EPS growth (from the 2nd quartile).
  13. AugPriceVolume reached 6.0x its 50-day median on 2023-08-25; price +2.8% that day.
  14. AprPriceVolume reached 26.7x its 50-day median on 2023-04-19; price +14.0% that day.
  15. MarPeer rankSlipped to the 2nd quartile of Non-Energy Minerals on EPS growth (from the top quartile).
  16. NovPriceVolume reached 6.0x its 50-day median on 2022-11-29; price +8.0% that day.
  17. JulPriceVolume reached 5.1x its 50-day median on 2022-07-25; price -8.6% that day.
  18. JunValuationP/E fell below the 10th percentile of its own history to date (22.1x).
  19. JunPeer rankMoved into the top quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
  20. JunDividendStarted paying a dividend (payout 8% of profit).
  21. MayPriceVolume reached 5.7x its 50-day median on 2022-05-06; price -5.8% that day.
  22. MarResultsRevenue (TTM) reached a new high of ₹1,543 cr.

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 history86 months · 2019-10 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1112.5x₹1568 cr10.9%13.0%0.2x
2026-1011.4x₹1568 cr10.9%13.0%0.2x
2026-0913.8x₹1568 cr10.9%13.0%0.2x
2026-0813.5x₹1568 cr10.9%13.0%0.2x
2026-0716.6x₹1568 cr10.9%13.0%0.2x
2026-0616.4x₹1568 cr10.9%13.0%0.2x
2026-0516.0x₹1568 cr10.9%13.0%0.2x
2026-0419.7x₹1568 cr10.9%13.0%0.2x
2026-0314.7x₹1568 cr10.9%13.0%0.2x
2026-0217.7x₹1568 cr10.9%13.0%0.2x
2026-0119.7x₹1568 cr10.9%13.0%0.2x
2025-1219.7x₹1568 cr10.9%13.0%0.2x
2025-1121.4x₹1568 cr10.9%13.0%0.2x
2025-1024.5x₹1568 cr10.9%13.0%0.2x
2025-0923.2x₹1568 cr10.9%13.0%0.2x
2025-0823.3x₹1568 cr10.9%13.0%0.2x
2025-0725.3x₹1568 cr10.9%13.0%0.2x
2025-0623.1x₹1568 cr10.9%13.0%0.2x
2025-0521.9x₹1568 cr10.9%13.0%0.2x
2025-0420.0x₹1568 cr10.9%13.0%0.2x
2025-0319.5x₹1568 cr10.9%13.0%0.2x
2025-0223.1x₹1568 cr10.9%13.0%0.2x
2025-0130.0x₹1568 cr10.9%13.0%0.2x
2024-1232.5x₹1568 cr10.9%13.0%0.2x
2024-1129.9x₹1568 cr10.9%13.0%0.2x
2024-1033.5x₹1568 cr10.9%13.0%0.2x
2024-0933.4x₹1568 cr10.9%13.0%0.2x
2024-0834.0x₹1568 cr10.9%13.0%0.2x
2024-0731.0x₹1568 cr10.9%13.0%0.2x
2024-0628.1x₹1568 cr10.9%13.0%0.2x
2024-0519.9x₹1612 cr15.2%27.0%0.2x
2024-0421.3x₹1612 cr15.2%27.0%0.2x
2024-0321.2x₹1612 cr15.2%27.0%0.2x
2024-0225.6x₹1646 cr15.5%27.0%0.2x
2024-0126.5x₹1646 cr15.5%27.0%0.2x
2023-1228.4x₹1646 cr15.5%27.0%0.2x
2023-1119.6x₹1704 cr18.1%27.0%0.2x
2023-1020.1x₹1704 cr18.1%27.0%0.2x
2023-0921.6x₹1704 cr18.1%27.0%0.2x
2023-0818.1x₹1782 cr21.5%27.0%0.2x
2023-0716.1x₹1782 cr21.5%27.0%0.2x
2023-0615.9x₹1782 cr21.5%27.0%0.2x
2023-0514.9x₹1811 cr28.3%30.0%0.3x
2023-0413.6x₹1811 cr28.3%30.0%0.3x
2023-0312.4x₹1811 cr28.3%30.0%0.3x
2023-0211.7x₹1815 cr30.9%30.0%0.3x
2023-0113.5x₹1815 cr30.9%30.0%0.3x
2022-1214.1x₹1815 cr30.9%30.0%0.3x
2022-1116.4x₹1780 cr30.4%30.0%0.3x
2022-1015.8x₹1780 cr30.4%30.0%0.3x
2022-0918.1x₹1780 cr30.4%30.0%0.3x
2022-0823.0x₹1624 cr25.3%30.0%0.3x
2022-0722.4x₹1624 cr25.3%30.0%0.3x
2022-0622.1x₹1624 cr25.3%30.0%0.3x
2022-0527.7x₹1543 cr29.6%12.0%0.6x
2022-0434.3x₹1543 cr29.6%12.0%0.6x
2022-0333.2x₹1543 cr29.6%12.0%0.6x
2022-0285.4x₹1021 cr9.5%12.0%0.6x
2022-0192.9x₹1021 cr9.5%12.0%0.6x
2021-1274.8x₹1021 cr9.5%12.0%0.6x
2021-1166.5x₹1021 cr9.5%12.0%0.6x
2021-1068.7x₹1021 cr9.5%12.0%0.6x
2021-0955.2x₹1021 cr9.5%12.0%0.6x
2021-0846.2x₹1021 cr9.5%12.0%0.6x
2021-0745.0x₹1021 cr9.5%12.0%0.6x
2021-0641.6x₹1021 cr9.5%12.0%0.6x
2021-05217.0x₹877 cr2.1%6.0%0.8x
2021-04196.9x₹877 cr2.1%6.0%0.8x
2021-03135.7x₹877 cr2.1%6.0%0.8x
2021-02151.0x₹877 cr2.1%6.0%0.8x
2021-01144.3x₹877 cr2.1%6.0%0.8x
2020-12106.7x₹877 cr2.1%6.0%0.8x
2020-1172.3x₹877 cr2.1%6.0%0.8x
2020-1062.2x₹877 cr2.1%6.0%0.8x
2020-0941.3x₹877 cr2.1%6.0%0.8x
2020-0839.9x₹877 cr2.1%6.0%0.8x
2020-0732.2x₹877 cr2.1%6.0%0.8x
2020-0633.3x₹877 cr2.1%6.0%0.8x
2020-05—₹599 cr5.5%6.0%0.9x
2020-04—₹599 cr5.5%6.0%0.9x
2020-03—₹599 cr5.5%6.0%0.9x
2020-02—₹599 cr5.5%6.0%0.9x
2020-01—₹599 cr5.5%6.0%0.9x
2019-12—₹599 cr5.5%6.0%0.9x
2019-11—₹599 cr5.5%6.0%0.9x
2019-10—₹599 cr5.5%6.0%0.9x

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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