अApnaFunda

HINDCON CHEMICALS LIMITED (HINDCON)

Process Industries · Chemicals: Specialty · 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.53 / 100
Profitability 50Growth 30Balance sheet 79

Share price

Closing priceAdjusted for splits and bonus issues.

₹25.07 latest close · +15.9% over the last 90 sessions

₹20₹25₹30₹35Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹20₹25₹30₹35Jul 3Sep 4Nov 9

₹25.07 month-end · −17.3% over 12 months

₹20₹30Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹20₹30Nov '25May '26Nov '26

₹25.07 month-end · −31.3% over 3 years

₹20₹40₹60Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹20₹40₹60Nov '23May '25Nov '26

₹25.07 month-end · +463.4% since Mar '19

₹0₹20₹40₹60Mar '19Oct '20Apr '22Nov '23May '25Nov '26 ₹0₹20₹40₹60Mar '19Feb '23Nov '26

52-week range ₹15.66 to ₹35.05 · 1-year volatility 50.8%

Was the rally earned?

-17%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 10 points, but investors now pay less per rupee of profit (P/E 40.4x to 29.8x), which took 28 points back.
  • The share count barely moved.
Net profit growth: +11 pts. Points of the price return explained by net profit growing (or shrinking).+11 ptsNet profit growthP/E change: −28 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−28 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: −17%−17%Share priceNet profit growth: +11 pts. Points of the price return explained by net profit growing (or shrinking).+11ProfitP/E change: −28 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−28P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −17%−17%Share price
Net profit growth+11 ptsNet profit rose about 13%, which lifts the price.
P/E change-28 ptsThe P/E fell from 40.4x to 29.8x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-31%share price, 3 yearsMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 43.5x to 29.8x); per-share earnings added 0 points.
  • The share count barely moved.
Net profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0 ptsNet profit growthP/E change: −31 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−31 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: −31%−31%Share priceNet profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: −31 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−31P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −31%−31%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-31 ptsThe P/E fell from 43.5x to 29.8x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+123%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 12.2x to 29.8x); per-share earnings took off 14 points.
  • The share count barely moved.
Net profit growth: −13 pts. Points of the price return explained by net profit growing (or shrinking).−13 ptsNet profit growthP/E change: +137 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+137 ptsP/E changeShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1 ptsShare count changeShare price: +123%+123%Share priceNet profit growth: −13 pts. Points of the price return explained by net profit growing (or shrinking).−13ProfitP/E change: +137 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+137P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +123%+123%Share price
Net profit growth-13 ptsNet profit fell about 8%, which lowers the price.
P/E change+137 ptsThe P/E rose from 12.2x to 29.8x, which lifts the price.
Share count change-1 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 LINDE INDIA

How rough has the ride been?

Maximum drawdown-73.8%not yet recovered
1-year volatility50.8%annualised

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−71.7% 0%−20%−40%−60%2020202220242026−71.7%
Largest drawdowns

-73.8% (2023-12 peak to 2026-03 low, not yet recovered)

-63.3% (2019-06 peak to 2020-03 low, recovered 2020-11)

-43.9% (2022-10 peak to 2023-03 low, recovered 2023-08)

Is it expensive against its own past and its peers?

29.9xP/E todayWithin its usual range
Against its own history61st percentile
CheapestMedian 21.7xDearest

Usual range 5.8x to 47.9x since 2019-03.

Against Process Industries29.9x vs 18.1x
This company
29.9x
Sector median
18.1x

65% above the Process Industries median.

3.6x25.4x47.2x69.0xMar '19Oct '20May '22Dec '23Jul '25Nov '263.6x25.4x47.2x69.0xMar '19Oct '21May '24Nov '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; 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 Process Industries is valued

Where does it rank among Process Industries peers?

Each cell is the company's percentile rank among its Process Industries peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE34th▼ 8 pts vs a year ago
  • Op. margin66th▲ 6 pts vs a year ago
  • Revenue growth80th▲ 59 pts vs a year ago
  • EPS growth53rd▲ 24 pts vs a year ago
  • Debt/equity ↓67th▼ 24 pts vs a year ago
  • Cash cycle ↓35th▼ 13 pts vs a year ago
  • P/E ↓29th▲ 5 pts vs a year ago
  • 12M momentum36th▲ 26 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

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

The Process Industries sector page Watch it move against Process Industries in the Observatory

What is the price implying?

~18%annual earnings growth implied by the price

At a P/E of 27.8x, the price would imply about 18.4%/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 Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹25.07
P/E
29.8x
ROCE
7.8%
Market Cap
₹129 cr
Revenue (TTM)
₹71 cr
P/S
1.8x
P/B
2.3x
ROE
7.5%
Operating Margin
14.4%
Debt / Equity
0.2x
Promoter Holding
68.8%
12M Momentum
-17.3%

52-week range

₹15.66₹35.05
49% of the way from its 52-week low to its high

Price risk

1Y volatility
50.8%
Beta vs sector
1-year daily
0.96

Balance sheet & cash

Interest cover
operating profit ÷ interest
11.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.61x
Share count, 1Y
+0.5%

Are profits backed by cash?

4 of 7checks within range1 beyond a threshold
Other income reliance42%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 41.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 27.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.61xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.61x (cash from operations ₹8 cr, net profit ₹13.1 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+1 daysWithin range

Debtor days are above the median of the previous three fiscal years by 1 days (127 vs 126). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-5 days / 2 yrsWithin range

Days payable changed by -5 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 2 years, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders rose from 23,797 to 27,577 (+16%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters68.5%68.8%+0.3 pts
FIIs0.0%0.0%0.0 pts
DIIs———
Public and others31.5%31.2%-0.3 pts

Number of shareholders

27,577shareholders+16% since Dec '23
24k26k29k31k Dec '23Jun '24Mar '25Sep '25Jun '26
Dec '23: 23,797
Mar '24: 28,124
Jun '24: 26,744
Dec '24: 31,337
Mar '25: 30,708
Jun '25: 30,136
Sep '25: 29,663
Mar '26: 28,217
Jun '26: 27,577
24k26k29k31k Dec '23Dec '24Sep '25Jun '26
Dec '23: 23,797
Mar '24: 28,124
Jun '24: 26,744
Dec '24: 31,337
Mar '25: 30,708
Jun '25: 30,136
Sep '25: 29,663
Mar '26: 28,217
Jun '26: 27,577

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−11.4%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 HINDCON CHEMICALS 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 −32% to +35% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−6.7%, 80% range −12.7% to +13.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DHRUV · Feb 2025: −73.0% vs market
LOKESHMACH · Nov 2024: −57.7% vs market
CLEDUCATE · Feb 2025: −55.6% vs market
SHIVALIK · May 2025: −51.2% vs market
LYKALABS · Jul 2025: −50.3% vs market
ALMONDZ · Jun 2025: −49.3% vs market
CANARYS · Jul 2025: −46.6% vs market
NIDAN · Dec 2022: −45.5% vs market
SMARTLINK · Jun 2024: −44.1% vs market
EXXARO · May 2023: −41.7% vs market
MEDICAMEQ · May 2025: −38.0% vs market
ASAHISONG · Jun 2022: −34.1% vs market
PANSARI · Apr 2023: −31.9% vs market
AARTECH · Mar 2025: −31.6% vs market
LIBERTSHOE · Dec 2020: −24.9% vs market
DEVIT · Oct 2023: −23.8% vs market
YUKEN · Mar 2025: −23.6% vs market
KOPRAN · May 2024: −22.8% vs market
MURUDCERA · Jul 2024: −22.7% vs market
UNIDT · Oct 2024: −17.3% vs market
BHAGERIA · Feb 2025: −16.2% vs market
SHREEPUSHK · Dec 2021: −15.2% vs market
SHAH · Sep 2025: −14.0% vs market
MMP · Apr 2024: −12.7% vs market
BANKA · May 2023: −11.7% vs market
BANARBEADS · Feb 2023: −11.1% vs market
ORIENTCER · Dec 2024: −9.6% vs market
WEIZMANIND · Mar 2024: −6.8% vs market
SINTERCOM · Apr 2020: +7.8% vs market
PILITA · Aug 2024: +10.2% vs market
OMINFRAL · Aug 2021: +15.2% vs market
GROBTEA · Nov 2020: +17.3% vs market
AIRAN · Oct 2022: +18.3% vs market
GUJAPOLLO · Aug 2023: +18.6% vs market
SUNDRMBRAK · Mar 2020: +22.7% vs market
AMJLAND · Jul 2023: +27.5% vs market
SAKAR · Dec 2021: +33.0% vs market
GENUSPAPER · Oct 2020: +36.2% vs market
COMPUSOFT · Mar 2020: +36.7% vs market
SOFTTECH · Jun 2022: +48.9% vs market
MARINE · Sep 2022: +51.1% vs market
MOREPENLAB · Jan 2020: +57.4% vs market
STERTOOLS · Aug 2022: +59.4% vs market
SURANAT&P · Aug 2021: +65.5% vs market
NDRAUTO · Nov 2021: +66.5% vs market
KINGFA · Mar 2021: +75.3% vs market
KILITCH · Mar 2023: +88.1% vs market
NGLFINE · Sep 2025: +105.9% vs market
TDPOWERSYS · Dec 2020: +118.3% vs market
RAMCOSYS · Jan 2020: +201.8% vs market
Similar setups −11.4%All companies −4.7%← 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
−11.4%
All companies' median
−4.7%
Beat the market
44% vs 45%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KILITCH
Health Technology
Mar 2023 31x6% −17%−35% +88%
UNIDT
Industrial Services
Oct 2024 40x6% +16%−23% −17%
CLEDUCATE
Commercial Services
Feb 2025 34x8% −13%−41% −56%
WEIZMANIND
Process Industries
Mar 2024 41x12% +36%−24% −7%
PILITA
Producer Manufacturing
Aug 2024 67x8% +25%−20% +10%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
STERTOOLS
Producer Manufacturing
Aug 2022 30x9% +2%−31% +59%
AIRAN
Technology Services
Oct 2022 22x8% −9%−33% +18%
ORIENTCER
Non-Energy Minerals
Dec 2024 44x8% +2%−26% −10%
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 HINDCON CHEMICALS 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 changed?

30 events since Jun '22

  1. SepResultsYear-on-year EPS growth turned positive.
  2. SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the bottom quartile).
  3. JunPeer rankMoved into the 3rd quartile of Process Industries on EPS growth (from the bottom quartile).
  4. JunDividendDividend payout cut from 60% to 0% of profit.
  5. MarPriceFell 74% from the Dec 2023 peak to the Mar 2026 low.
  6. MarPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
  7. DecPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  8. SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
Show 22 earlier events
  1. JunResultsYear-on-year EPS growth turned negative.
  2. JunPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
  3. MarPeer rankMoved into the 3rd quartile of Process Industries on operating margin (from the bottom quartile).
  4. JanPeer rankSlipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).
  5. DecPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 2nd quartile).
  6. NovValuationP/E crossed above the 90th percentile of its own history to date (57.6x).
  7. SepPeer rankSlipped to the 2nd quartile of Process Industries on EPS growth (from the top quartile).
  8. JulValuationP/E crossed above the 90th percentile of its own history to date (44.9x).
  9. JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 2nd quartile).
  10. JunDividendStarted paying a dividend (payout 12% of profit).
  11. AugPriceRegained the 2022-10 peak, 5 months after the low.
  12. JunResultsYear-on-year EPS growth turned positive.
  13. JunPeer rankMoved into the 2nd quartile of Process Industries on EPS growth (from the bottom quartile).
  14. JunDividendDividend payout cut from 31% to 0% of profit.
  15. MarPriceFell 44% from the Oct 2022 peak to the Mar 2023 low.
  16. DecPeer rankMoved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
  17. SepPriceRegained the 2021-12 peak, 3 months after the low.
  18. AugPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
  19. JulValuationP/E crossed above the 90th percentile of its own history to date (14.9x).
  20. JunResultsYear-on-year EPS growth turned negative.
  21. JunPriceFell 41% from the Dec 2021 peak to the Jun 2022 low.
  22. JunPeer rankSlipped to the bottom quartile of Process Industries on EPS growth (from the top 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

Monthly history93 months · 2019-03 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1129.8x₹71 cr7.5%7.8%0.2x
2026-1031.7x₹71 cr7.5%7.8%0.2x
2026-0941.7x₹71 cr7.5%7.8%0.2x
2026-0838.0x₹65 cr5.6%7.8%0.2x
2026-0738.8x₹65 cr5.6%7.8%0.2x
2026-0633.9x₹65 cr5.6%7.8%0.2x
2026-0539.4x₹60 cr5.4%10.0%0.0x
2026-0440.8x₹60 cr5.4%10.0%0.0x
2026-0329.4x₹60 cr5.4%10.0%0.0x
2026-0225.9x₹61 cr7.4%10.0%0.0x
2026-0128.4x₹61 cr7.4%10.0%0.0x
2025-1234.8x₹61 cr7.4%10.0%0.0x
2025-1140.4x₹59 cr7.1%10.0%0.0x
2025-1043.5x₹59 cr7.1%10.0%0.0x
2025-0941.8x₹59 cr7.1%10.0%0.0x
2025-0843.1x₹57 cr7.0%10.0%0.0x
2025-0745.8x₹57 cr7.0%10.0%0.0x
2025-0648.0x₹57 cr7.0%10.0%0.0x
2025-0537.6x₹55 cr10.1%17.9%0.0x
2025-0434.8x₹55 cr10.1%17.9%0.0x
2025-0332.8x₹55 cr10.1%17.9%0.0x
2025-0239.3x₹54 cr9.3%17.9%0.0x
2025-0147.6x₹54 cr9.3%17.9%0.0x
2024-1249.1x₹54 cr9.3%17.9%0.0x
2024-1157.6x₹60 cr10.0%17.9%0.0x
2024-1047.5x₹60 cr10.0%17.9%0.0x
2024-0950.5x₹60 cr10.0%17.9%0.0x
2024-0844.0x₹65 cr12.5%17.9%0.0x
2024-0744.9x₹65 cr12.5%17.9%0.0x
2024-0642.0x₹65 cr12.5%17.9%0.0x
2024-0558.9x₹86 cr10.1%14.3%0.0x
2024-0467.0x₹86 cr10.1%14.3%0.0x
2024-0362.0x₹86 cr10.1%14.3%0.0x
2024-0263.6x₹86 cr10.1%14.3%0.0x
2024-0159.1x₹86 cr10.1%14.3%0.0x
2023-1269.0x₹86 cr10.1%14.3%0.0x
2023-1143.5x₹86 cr10.1%14.3%0.0x
2023-1031.2x₹86 cr10.1%14.3%0.0x
2023-0931.1x₹86 cr10.1%14.3%0.0x
2023-0834.5x₹86 cr10.1%14.3%0.0x
2023-0725.3x₹86 cr10.1%14.3%0.0x
2023-0622.3x₹86 cr10.1%14.3%0.0x
2023-0521.0x₹67 cr10.8%15.7%0.0x
2023-0422.2x₹67 cr10.8%15.7%0.0x
2023-0319.1x₹67 cr10.8%15.7%0.0x
2023-0219.2x₹67 cr10.8%15.7%0.0x
2023-0121.6x₹67 cr10.8%15.7%0.0x
2022-1221.8x₹67 cr10.8%15.7%0.0x
2022-1122.5x₹67 cr10.8%15.7%0.0x
2022-1025.8x₹67 cr10.8%15.7%0.0x
2022-0918.6x₹67 cr10.8%15.7%0.0x
2022-0817.0x₹67 cr10.8%15.7%0.0x
2022-0714.9x₹67 cr10.8%15.7%0.0x
2022-0613.5x₹67 cr10.8%15.7%0.0x
2022-0513.8x₹44 cr13.2%18.9%0.0x
2022-0415.3x₹44 cr13.2%18.9%0.0x
2022-0315.1x₹44 cr13.2%18.9%0.0x
2022-0213.6x₹44 cr13.2%18.9%0.0x
2022-0114.8x₹44 cr13.2%18.9%0.0x
2021-1216.5x₹44 cr13.2%18.9%0.0x
2021-1112.2x₹44 cr13.2%18.9%0.0x
2021-1014.6x₹44 cr13.2%18.9%0.0x
2021-0913.8x₹44 cr13.2%18.9%0.0x
2021-0813.4x₹44 cr13.2%18.9%0.0x
2021-0716.2x₹44 cr13.2%18.9%0.0x
2021-068.5x₹44 cr13.2%18.9%0.0x
2021-0512.9x₹44 cr8.7%14.0%0.0x
2021-048.0x₹44 cr8.7%14.0%0.0x
2021-038.8x₹44 cr8.7%14.0%0.0x
2021-028.5x₹44 cr8.7%14.0%0.0x
2021-019.1x₹44 cr8.7%14.0%0.0x
2020-129.3x₹44 cr8.7%14.0%0.0x
2020-119.5x₹44 cr8.7%14.0%0.0x
2020-106.9x₹44 cr8.7%14.0%0.0x
2020-096.5x₹44 cr8.7%14.0%0.0x
2020-086.4x₹44 cr8.7%14.0%0.0x
2020-076.1x₹44 cr8.7%14.0%0.0x
2020-064.7x₹44 cr8.7%14.0%0.0x
2020-05—————
2020-043.6x₹44 cr9.3%14.7%0.0x
2020-034.0x₹44 cr9.3%14.7%0.0x
2020-024.4x₹44 cr9.3%14.7%0.0x
2020-014.3x₹44 cr9.3%14.7%0.0x
2019-124.8x₹44 cr9.3%14.7%0.0x
2019-115.0x₹44 cr9.3%14.7%0.0x
2019-105.8x₹44 cr9.3%14.7%0.0x
2019-096.3x₹44 cr9.3%14.7%0.0x
2019-086.5x₹44 cr9.3%14.7%0.0x
2019-076.5x₹44 cr9.3%14.7%0.0x
2019-067.3x₹44 cr9.3%14.7%0.0x
2019-056.0x₹35 cr20.7%21.2%0.0x
2019-045.5x₹35 cr20.7%21.2%0.0x
2019-035.7x₹35 cr20.7%21.2%0.0x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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