अApnaFunda
Menu

GUJARAT APOLLO INDUSTRIES LTD (GUJAPOLLO)

Producer Manufacturing

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.36 / 100
Profitability 3Growth 6Balance sheet 100
Compare withASHOK LEYLAND LTDMAZAGON DOCK SHIPBUILDERS LTDCOCHIN SHIPYARD LIMITED
Share Price
₹355.60
P/E
79.0x
ROCE
1.8%
Market Cap
₹460 cr
Revenue (TTM)
₹52 cr
P/S
8.9x
P/B
0.9x
ROE
1.1%
Operating Margin
-34.5%
Debt / Equity
0.1x
Promoter Holding
47.3%
12M Momentum
-22.1%
P/E vs its own history96th percentilesince Jan '19
P/E vs Producer Manufacturing2.8xthe sector median

52-week range

₹300.50₹493.00
29% of the way from its 52-week low to its high

Price risk

1Y volatility
39.5%
Beta vs sector
1-year daily
0.64

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
-2.00x
low
Share count, 1Y
+9.9%

Was the rally earned?

+65%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 20.3x to 79.0x); per-share earnings took off 111 points.
  • The share count rose 6%.
3 years Net profit growth: -104 pts. Points of the price return explained by net profit growing (or shrinking).-104 ptsP/E change: +176 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+176 ptsShare count change: -7 pts. Points of the price return explained by the share count changing. More shares count against the price. +65% 3 years Net profit growth: -104 pts. Points of the price return explained by net profit growing (or shrinking).-104 ptsP/E change: +176 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+176 ptsShare count change: -7 pts. Points of the price return explained by the share count changing. More shares count against the price. +65%
Net profit growth-104 ptsNet profit fell about 55%, which lowers the price.
P/E change+176 ptsThe P/E rose from 20.3x to 79.0x, which lifts the price.
Share count change-7 ptsShare count rose 6%, which lowers the price.
+63%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 6.2x to 79.0x); per-share earnings took off 265 points.
  • The share count barely moved.
5 years Net profit growth: -267 pts. Points of the price return explained by net profit growing (or shrinking).-267 ptsP/E change: +328 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+328 ptsShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price. +63% 5 years Net profit growth: -267 pts. Points of the price return explained by net profit growing (or shrinking).-267 ptsP/E change: +328 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+328 ptsShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price. +63%
Net profit growth-267 ptsNet profit fell about 87%, which lowers the price.
P/E change+328 ptsThe P/E rose from 6.2x to 79.0x, which lifts the price.
Share count change+2 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 1 year: 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 ASHOK LEYLAND

Is it expensive against its own past and its peers?

79.0xP/E todayNear its historic high
Against its own history96th percentileMedian 20.5x; usual range 6.1x to 43.9x since 2019-01.
Against Producer Manufacturing79.0x vs 28.5xAbove the Producer Manufacturing median.
5.6x89.7x173.7x257.7xJan '19Aug '20Mar '22Oct '23May '25Oct '265.6x89.7x173.7x257.7xJan '19Aug '21Mar '24Oct '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

Shaded band: 10th to 90th percentile of the company's own P/E history; 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 Producer Manufacturing is valued

What is the price implying?

~27%annual earnings growth implied by the price

At a P/E of 57.4x, the price would imply about 26.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“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

What changed?

  1. Sep '26Fell 38% from the Aug 2025 peak to the Sep 2026 low.
  2. Jul '26Year-on-year EPS growth turned positive.
  3. Jun '26EPS (TTM) turned positive.
  4. Jun '26P/E crossed above the 90th percentile of its own history to date (73.4x).
  5. Jun '26Moved into the top quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  6. Jun '26Dividend payout cut from 161% to 50% of profit.
  7. Jun '26Share count is up 9.9% over 12 months.
  8. Mar '26Promoter holding fell 4.7 pts to 47.3%.
Show 22 earlier events
  1. Sep '25EPS (TTM) turned negative.
  2. Jul '25Regained the 2025-01 peak, 4 months after the low.
  3. Mar '25Fell 41% from the Jan 2025 peak to the Mar 2025 low.
  4. Mar '25P/E crossed above the 90th percentile of its own history to date (39.6x).
  5. Jan '25Regained the 2024-08 peak, 2 months after the low.
  6. Dec '24Promoter holding fell 2.6 pts to 52.0%.
  7. Nov '24Fell 30% from the Aug 2024 peak to the Nov 2024 low.
  8. Aug '24Regained the 2024-01 peak, 5 months after the low.
  9. Jul '24P/E crossed above the 90th percentile of its own history to date (28.8x).
  10. Jun '24Year-on-year EPS growth turned negative.
  11. Jun '24Slipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  12. Mar '24Fell 34% from the Jan 2024 peak to the Mar 2024 low.
  13. Jan '24P/E crossed above the 90th percentile of its own history to date (28.5x).
  14. Dec '23Regained the 2021-06 peak, 9 months after the low.
  15. Jun '23Year-on-year EPS growth turned positive.
  16. Jun '23Moved into the 2nd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  17. Mar '23Fell 29% from the Jun 2021 peak to the Mar 2023 low.
  18. Feb '23P/E crossed above the 90th percentile of its own history to date (30.1x).
  19. Jun '22Year-on-year EPS growth turned negative.
  20. Jun '22P/E crossed above the 90th percentile of its own history to date (28.2x).
  21. Jun '22Slipped to the bottom quartile of Producer Manufacturing on EPS growth (from the top quartile).
  22. Sep '21P/E fell below the 10th percentile of its own history to date (6.0x).

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?

4 of 7 checks are within range, 3 beyond a threshold.
Tap a check to see how it is measured.

Other income reliance300%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 300.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate21%Within range

Median quarterly effective tax rate over about 2.5 years: 20.8%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-2.61xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -2.61x (cash from operations ₹-47 cr, net profit ₹18 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-33 daysWithin range

Debtor days are below the median of the previous three fiscal years by 33 days (126 vs 159). 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+23 days / 2 yrsWithin range

Days payable changed by +23 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, promoters trimmed 7.6 pts.
  • The number of shareholders rose from 7,138 to 9,253 (+30%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters54.9%47.3%-7.6 pts
FIIs0.0%0.0%0.0 pts
DIIs———
Public and others45.1%52.7%+7.6 pts

Number of shareholders

9,253shareholders+30% since Dec '23
7k8k10k11k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 7,138
Mar '24: 10,698
Jun '24: 10,259
Sep '24: 10,246
Dec '24: 9,945
Mar '25: 9,779
Jun '25: 9,193
Sep '25: 9,885
Dec '25: 9,533
Mar '26: 9,315
Jun '26: 9,253
 7k8k10k11k Dec '23Dec '24Dec '25Jun '26
Dec '23: 7,138
Mar '24: 10,698
Jun '24: 10,259
Sep '24: 10,246
Dec '24: 9,945
Mar '25: 9,779
Jun '25: 9,193
Sep '25: 9,885
Dec '25: 9,533
Mar '26: 9,315
Jun '26: 9,253

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-40.7%recovered 2025-07
1-year volatility39.5%annualised

Monthly share price

₹118₹249₹380₹510 Jan '19Aug '20Mar '22Oct '23May '25Oct '26
2019-01: ₹157.60
2019-02: ₹141.90
2019-03: ₹147.20
2019-04: ₹155.10
2019-05: ₹140.35
2019-06: ₹144.10
2019-07: ₹123.95
2019-08: ₹118.15
2019-09: ₹137.20
2019-10: ₹135.10
2019-11: ₹129.35
2019-12: ₹130.20
2020-01: ₹126.00
2020-02: ₹123.30
2020-03: ₹120.00
2020-04: ₹126.00
2020-05: ₹142.85
2020-06: ₹176.50
2020-07: ₹163.40
2020-08: ₹186.25
2020-09: ₹204.40
2020-10: ₹209.95
2020-11: ₹196.80
2020-12: ₹202.15
2021-01: ₹221.70
2021-02: ₹214.00
2021-03: ₹203.00
2021-04: ₹209.45
2021-05: ₹231.25
2021-06: ₹220.25
2021-07: ₹230.00
2021-08: ₹221.40
2021-09: ₹210.25
2021-10: ₹218.40
2021-11: ₹204.65
2021-12: ₹202.35
2022-01: ₹224.45
2022-02: ₹209.15
2022-03: ₹207.35
2022-04: ₹233.50
2022-05: ₹215.15
2022-06: ₹195.65
2022-07: ₹202.00
2022-08: ₹190.50
2022-09: ₹212.70
2022-10: ₹202.00
2022-11: ₹197.80
2022-12: ₹198.45
2023-01: ₹192.75
2023-02: ₹208.90
2023-03: ₹192.75
2023-04: ₹196.70
2023-05: ₹196.80
2023-06: ₹190.60
2023-07: ₹244.90
2023-08: ₹223.00
2023-09: ₹213.25
2023-10: ₹214.95
2023-11: ₹220.60
2023-12: ₹260.35
2024-01: ₹300.85
2024-02: ₹274.35
2024-03: ₹216.60
2024-04: ₹274.00
2024-05: ₹235.00
2024-06: ₹240.58
2024-07: ₹270.32
2024-08: ₹389.50
2024-09: ₹365.00
2024-10: ₹318.55
2024-11: ₹317.70
2024-12: ₹332.55
2025-01: ₹360.65
2025-02: ₹260.10
2025-03: ₹311.30
2025-04: ₹341.75
2025-05: ₹347.55
2025-06: ₹384.65
2025-07: ₹491.65
2025-08: ₹510.20
2025-09: ₹470.60
2025-10: ₹456.20
2025-11: ₹455.65
2025-12: ₹416.40
2026-01: ₹394.15
2026-02: ₹374.10
2026-03: ₹396.15
2026-04: ₹432.70
2026-05: ₹381.95
2026-06: ₹355.95
2026-07: ₹344.35
2026-08: ₹340.85
2026-09: ₹330.00
2026-10: ₹355.60
 ₹118₹249₹380₹510 Jan '19Aug '21Mar '24Oct '26
2019-01: ₹157.60
2019-02: ₹141.90
2019-03: ₹147.20
2019-04: ₹155.10
2019-05: ₹140.35
2019-06: ₹144.10
2019-07: ₹123.95
2019-08: ₹118.15
2019-09: ₹137.20
2019-10: ₹135.10
2019-11: ₹129.35
2019-12: ₹130.20
2020-01: ₹126.00
2020-02: ₹123.30
2020-03: ₹120.00
2020-04: ₹126.00
2020-05: ₹142.85
2020-06: ₹176.50
2020-07: ₹163.40
2020-08: ₹186.25
2020-09: ₹204.40
2020-10: ₹209.95
2020-11: ₹196.80
2020-12: ₹202.15
2021-01: ₹221.70
2021-02: ₹214.00
2021-03: ₹203.00
2021-04: ₹209.45
2021-05: ₹231.25
2021-06: ₹220.25
2021-07: ₹230.00
2021-08: ₹221.40
2021-09: ₹210.25
2021-10: ₹218.40
2021-11: ₹204.65
2021-12: ₹202.35
2022-01: ₹224.45
2022-02: ₹209.15
2022-03: ₹207.35
2022-04: ₹233.50
2022-05: ₹215.15
2022-06: ₹195.65
2022-07: ₹202.00
2022-08: ₹190.50
2022-09: ₹212.70
2022-10: ₹202.00
2022-11: ₹197.80
2022-12: ₹198.45
2023-01: ₹192.75
2023-02: ₹208.90
2023-03: ₹192.75
2023-04: ₹196.70
2023-05: ₹196.80
2023-06: ₹190.60
2023-07: ₹244.90
2023-08: ₹223.00
2023-09: ₹213.25
2023-10: ₹214.95
2023-11: ₹220.60
2023-12: ₹260.35
2024-01: ₹300.85
2024-02: ₹274.35
2024-03: ₹216.60
2024-04: ₹274.00
2024-05: ₹235.00
2024-06: ₹240.58
2024-07: ₹270.32
2024-08: ₹389.50
2024-09: ₹365.00
2024-10: ₹318.55
2024-11: ₹317.70
2024-12: ₹332.55
2025-01: ₹360.65
2025-02: ₹260.10
2025-03: ₹311.30
2025-04: ₹341.75
2025-05: ₹347.55
2025-06: ₹384.65
2025-07: ₹491.65
2025-08: ₹510.20
2025-09: ₹470.60
2025-10: ₹456.20
2025-11: ₹455.65
2025-12: ₹416.40
2026-01: ₹394.15
2026-02: ₹374.10
2026-03: ₹396.15
2026-04: ₹432.70
2026-05: ₹381.95
2026-06: ₹355.95
2026-07: ₹344.35
2026-08: ₹340.85
2026-09: ₹330.00
2026-10: ₹355.60

Last 90 trading days

₹324₹340₹355₹371 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹367.85
2026-06-25: ₹359.50
2026-06-30: ₹355.95
2026-07-02: ₹363.85
2026-07-06: ₹356.80
2026-07-08: ₹346.65
2026-07-10: ₹368.60
2026-07-14: ₹362.35
2026-07-16: ₹353.45
2026-07-20: ₹348.35
2026-07-22: ₹338.10
2026-07-24: ₹364.35
2026-07-28: ₹351.90
2026-07-30: ₹343.10
2026-08-03: ₹364.00
2026-08-05: ₹367.10
2026-08-07: ₹367.75
2026-08-11: ₹352.65
2026-08-13: ₹347.25
2026-08-17: ₹349.15
2026-08-19: ₹365.05
2026-08-21: ₹358.50
2026-08-25: ₹349.55
2026-08-27: ₹351.50
2026-08-31: ₹340.85
2026-09-02: ₹337.70
2026-09-04: ₹355.95
2026-09-08: ₹342.20
2026-09-10: ₹338.35
2026-09-15: ₹340.85
2026-09-17: ₹324.00
2026-09-21: ₹344.20
2026-09-23: ₹336.95
2026-09-25: ₹329.10
2026-09-29: ₹330.65
2026-10-01: ₹324.85
2026-10-06: ₹346.70
2026-10-08: ₹332.00
2026-10-12: ₹340.10
2026-10-14: ₹333.25
2026-10-16: ₹343.80
2026-10-21: ₹344.70
2026-10-23: ₹340.75
2026-10-27: ₹349.05
2026-10-29: ₹362.70
2026-10-30: ₹355.60
 ₹324₹340₹355₹371 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹367.85
2026-06-25: ₹359.50
2026-06-30: ₹355.95
2026-07-02: ₹363.85
2026-07-06: ₹356.80
2026-07-08: ₹346.65
2026-07-10: ₹368.60
2026-07-14: ₹362.35
2026-07-16: ₹353.45
2026-07-20: ₹348.35
2026-07-22: ₹338.10
2026-07-24: ₹364.35
2026-07-28: ₹351.90
2026-07-30: ₹343.10
2026-08-03: ₹364.00
2026-08-05: ₹367.10
2026-08-07: ₹367.75
2026-08-11: ₹352.65
2026-08-13: ₹347.25
2026-08-17: ₹349.15
2026-08-19: ₹365.05
2026-08-21: ₹358.50
2026-08-25: ₹349.55
2026-08-27: ₹351.50
2026-08-31: ₹340.85
2026-09-02: ₹337.70
2026-09-04: ₹355.95
2026-09-08: ₹342.20
2026-09-10: ₹338.35
2026-09-15: ₹340.85
2026-09-17: ₹324.00
2026-09-21: ₹344.20
2026-09-23: ₹336.95
2026-09-25: ₹329.10
2026-09-29: ₹330.65
2026-10-01: ₹324.85
2026-10-06: ₹346.70
2026-10-08: ₹332.00
2026-10-12: ₹340.10
2026-10-14: ₹333.25
2026-10-16: ₹343.80
2026-10-21: ₹344.70
2026-10-23: ₹340.75
2026-10-27: ₹349.05
2026-10-29: ₹362.70
2026-10-30: ₹355.60

Drawdown from peak

0% -20% -39% Jan '19Dec '22Oct '26 0% -20% -39% Jan '19Dec '22Oct '26
Largest drawdowns

-40.7% (2025-01 peak to 2025-03 low, recovered 2025-07)

-40.3% (2019-03 peak to 2020-03 low, recovered 2020-05)

-38.4% (2025-08 peak to 2026-09 low, not yet recovered)

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).

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 Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What happened next to similar setups

−13.4%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like GUJARAT APOLLO INDUSTRIES 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 −28% to +17% vs the market, against +1% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −14.3%, 80% range −18.7% to −8.9%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DELTACORP · Apr 2023: −59.6% vs market
EIHOTEL · Feb 2020: −46.1% vs market
SHIVALIK · Jun 2023: −45.1% vs market
SIL · Nov 2024: −41.4% vs market
EIFFL · Mar 2020: −41.1% vs market
AHLEAST · Feb 2020: −38.0% vs market
MAHLIFE · May 2024: −37.8% vs market
INDOWIND · Jul 2024: −33.5% vs market
AARTECH · Jun 2025: −31.4% vs market
SUNTECK · Mar 2022: −31.3% vs market
NEOGEN · Feb 2023: −30.0% vs market
URJA · May 2025: −28.9% vs market
DREDGECORP · May 2021: −28.3% vs market
GKWLIMITED · Jun 2020: −27.5% vs market
HINDOILEXP · May 2023: −26.5% vs market
ASHIANA · Jan 2020: −23.4% vs market
ZYDUSWELL · Jun 2021: −22.1% vs market
RAJTV · Jul 2020: −20.2% vs market
TDPOWERSYS · Jan 2020: −19.7% vs market
SINCLAIR · Jun 2025: −18.2% vs market
MOTOGENFIN · Apr 2025: −17.3% vs market
KICL · Oct 2025: −15.9% vs market
SHALBY · Jan 2020: −15.5% vs market
PILITA · Aug 2023: −14.9% vs market
PROZONER · May 2020: −13.6% vs market
SEAMECLTD · May 2024: −13.1% vs market
ADVANIHOTR · Jun 2020: −8.7% vs market
BHAGCHEM · Jul 2025: −8.4% vs market
DENORA · Apr 2020: −6.6% vs market
IMPAL · Feb 2020: −6.0% vs market
PARAS · Dec 2022: −5.9% vs market
TOKYOPLAST · Nov 2020: −4.3% vs market
TTKHLTCARE · Jun 2020: −3.8% vs market
HGM · Feb 2021: +1.0% vs market
ANURAS · Jul 2022: +6.7% vs market
TEXINFRA · Nov 2021: +7.9% vs market
ITDC · Oct 2022: +15.6% vs market
BPL · Aug 2023: +16.8% vs market
5PAISA · Apr 2023: +17.3% vs market
LOTUSEYE · Feb 2021: +41.3% vs market
FORTIS · Dec 2020: +42.0% vs market
RIIL · Feb 2021: +47.3% vs market
SIRCA · Aug 2021: +48.9% vs market
JSWHL · Apr 2020: +49.0% vs market
TATAINVEST · Nov 2021: +53.8% vs market
ZOTA · Dec 2020: +64.2% vs market
ANANTRAJ · Mar 2022: +95.2% vs market
CARTRADE · Feb 2024: +101.6% vs market
ORCHPHARMA · Nov 2023: +127.9% vs market
ZENTEC · Nov 2022: +248.9% vs market
Similar setups −13.4%All companies +0.9%← 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
−13.4%
All companies' median
+0.9%
Beat the market
34% vs 51%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SEAMECLTD
Industrial Services		 May 2024 78x3% +52%−16% −13%
ASHIANA
Finance		 Jan 2020 83x4% −3%−15% −23%
MOTOGENFIN
Finance		 Apr 2025 49x2% −23%−40% −17%
SUNTECK
Finance		 Mar 2022 153x4% +56%−24% −31%
PILITA
Producer Manufacturing		 Aug 2023 83x6% +22%−8% −15%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MAHLIFE
Finance		 May 2024 111x2% +28%−14% −38%
PARAS
Electronic Technology		 Dec 2022 87x12% −19%−24% −6%
EIFFL
Consumer Non-Durables		 Mar 2020 209x4% −39%−44% −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: drawdown from 12-month high, 12-month momentum and revenue growth. 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 GUJARAT APOLLO INDUSTRIES 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
2026-1079.0x₹52 cr1.1%1.8%0.1x
2026-0973.3x₹52 cr1.1%1.8%0.1x
2026-0870.3x₹53 cr1.2%1.8%0.1x
2026-0771.0x₹53 cr1.2%1.8%0.1x
2026-0673.4x₹53 cr1.2%1.8%0.1x
2026-05—₹57 cr-1.0%1.3%0.1x
2026-04—₹57 cr-1.0%1.3%0.1x
2026-03—₹57 cr-1.0%1.3%0.1x
2026-02—₹47 cr-0.6%1.3%0.1x
2026-01—₹47 cr-0.6%1.3%0.1x
2025-12—₹47 cr-0.6%1.3%0.1x
2025-11—₹44 cr-0.1%1.3%0.1x
2025-10—₹44 cr-0.1%1.3%0.1x
2025-09—₹44 cr-0.1%1.3%0.1x
2025-08257.7x₹42 cr0.5%1.3%0.1x
2025-07248.3x₹42 cr0.5%1.3%0.1x
2025-06194.3x₹42 cr0.5%1.3%0.1x
2025-0544.2x₹38 cr2.0%3.3%0.0x
2025-0443.4x₹38 cr2.0%3.3%0.0x
2025-0339.6x₹38 cr2.0%3.3%0.0x
2025-0227.0x₹45 cr2.4%3.3%0.0x
2025-0137.4x₹45 cr2.4%3.3%0.0x
2024-1234.5x₹45 cr2.4%3.3%0.0x
2024-1131.7x₹52 cr2.5%3.3%0.0x
2024-1031.8x₹52 cr2.5%3.3%0.0x
2024-0936.5x₹52 cr2.5%3.3%0.0x
2024-0841.5x₹57 cr2.4%3.3%0.0x
2024-0728.8x₹57 cr2.4%3.3%0.0x
2024-0625.6x₹57 cr2.4%3.3%0.0x
2024-0522.2x₹72 cr2.7%2.4%0.1x
2024-0425.9x₹72 cr2.7%2.4%0.1x
2024-0320.5x₹72 cr2.7%2.4%0.1x
2024-0226.0x₹72 cr2.7%2.4%0.1x
2024-0128.5x₹72 cr2.7%2.4%0.1x
2023-1224.6x₹72 cr2.7%2.4%0.1x
2023-1120.9x₹72 cr2.7%2.4%0.1x
2023-1020.3x₹72 cr2.7%2.4%0.1x
2023-0920.2x₹72 cr2.7%2.4%0.1x
2023-0821.1x₹72 cr2.7%2.4%0.1x
2023-0723.2x₹72 cr2.7%2.4%0.1x
2023-0618.0x₹72 cr2.7%2.4%0.1x
2023-0528.4x₹56 cr1.6%2.7%0.0x
2023-0428.4x₹56 cr1.6%2.7%0.0x
2023-0327.8x₹56 cr1.6%2.7%0.0x
2023-0230.1x₹56 cr1.6%2.7%0.0x
2023-0127.8x₹56 cr1.6%2.7%0.0x
2022-1228.6x₹56 cr1.6%2.7%0.0x
2022-1128.5x₹56 cr1.6%2.7%0.0x
2022-1029.1x₹56 cr1.6%2.7%0.0x
2022-0930.7x₹56 cr1.6%2.7%0.0x
2022-0827.5x₹56 cr1.6%2.7%0.0x
2022-0729.1x₹56 cr1.6%2.7%0.0x
2022-0628.2x₹56 cr1.6%2.7%0.0x
2022-056.1x₹55 cr8.7%2.2%0.1x
2022-046.6x₹55 cr8.7%2.2%0.1x
2022-035.9x₹55 cr8.7%2.2%0.1x
2022-025.9x₹55 cr8.7%2.2%0.1x
2022-016.4x₹55 cr8.7%2.2%0.1x
2021-125.7x₹55 cr8.7%2.2%0.1x
2021-115.8x₹55 cr8.7%2.2%0.1x
2021-106.2x₹55 cr8.7%2.2%0.1x
2021-096.0x₹55 cr8.7%2.2%0.1x
2021-086.3x₹55 cr8.7%2.2%0.1x
2021-076.5x₹55 cr8.7%2.2%0.1x
2021-066.3x₹55 cr8.7%2.2%0.1x
2021-0521.6x₹26 cr2.9%3.6%0.0x
2021-0419.5x₹26 cr2.9%3.6%0.0x
2021-0318.9x₹26 cr2.9%3.6%0.0x
2021-0219.9x₹26 cr2.9%3.6%0.0x
2021-0120.7x₹26 cr2.9%3.6%0.0x
2020-1218.8x₹26 cr2.9%3.6%0.0x
2020-1118.3x₹26 cr2.9%3.6%0.0x
2020-1019.6x₹26 cr2.9%3.6%0.0x
2020-0919.0x₹26 cr2.9%3.6%0.0x
2020-0817.4x₹26 cr2.9%3.6%0.0x
2020-0715.2x₹26 cr2.9%3.6%0.0x
2020-0616.4x₹26 cr2.9%3.6%0.0x
2020-059.4x₹30 cr4.2%2.6%0.0x
2020-048.3x₹30 cr4.2%2.6%0.0x
2020-037.9x₹30 cr4.2%2.6%0.0x
2020-028.2x₹30 cr4.2%2.6%0.0x
2020-018.3x₹30 cr4.2%2.6%0.0x
2019-128.6x₹30 cr4.2%2.6%0.0x
2019-118.6x₹30 cr4.2%2.6%0.0x
2019-108.9x₹30 cr4.2%2.6%0.0x
2019-099.1x₹30 cr4.2%2.6%0.0x
2019-087.8x₹30 cr4.2%2.6%0.0x
2019-078.2x₹30 cr4.2%2.6%0.0x
2019-069.5x₹30 cr4.2%2.6%0.0x
2019-055.6x₹68 cr7.0%3.4%0.0x
2019-046.2x₹68 cr7.0%3.4%0.0x
2019-035.9x₹68 cr7.0%3.4%0.0x
2019-025.7x₹68 cr7.0%3.4%0.0x
2019-016.3x₹68 cr7.0%3.4%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.

Feedback