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HINDUSTAN FOODS (HNDFDS)

Consumer Non-Durables · Food: Specialty/Candy · 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.45 / 100
Profitability 41Growth 80Balance sheet 15
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.59 / 100
Price 50Earnings 57FII/DII 68

Passes these screensLittle growth priced in

Compare withBRITANNIA INDUSTRIESTATA CONSUMER PRODUCTSCCL PRODUCTS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹551.1 latest close · 0.0% over the last 90 sessions

₹550₹600₹650Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹550₹600₹650Jul 3Sep 4Nov 9

₹551.1 month-end · +2.4% over 12 months

₹500₹600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹600Nov '25May '26Nov '26

₹551.1 month-end · +3.3% over 3 years

₹500₹600Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹500₹600Nov '23May '25Nov '26

₹551.1 month-end · +501.6% since Aug '19

₹200₹400₹600Aug '19Jan '21Jul '22Dec '23Jun '25Nov '26 ₹200₹400₹600Aug '19Apr '23Nov '26

52-week range ₹442.00 to ₹677.75 · 1-year volatility 28.5%

Was the rally earned?

+2%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (+2%).
  • The share count rose 3%.
Net profit growth: +33 pts. Points of the price return explained by net profit growing (or shrinking).+33 ptsNet profit growthP/E change: −27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−27 ptsP/E changeShare count change: −3 pts. Points of the price return explained by the share count changing. More shares count against the price.−3 ptsShare count changeShare price: +2%+2%Share priceNet profit growth: +33 pts. Points of the price return explained by net profit growing (or shrinking).+33ProfitP/E change: −27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−27P/EShare count change: −3 pts. Points of the price return explained by the share count changing. More shares count against the price.−3SharesShare price: +2%+2%Share price
Net profit growth+33 ptsNet profit rose about 38%, which lifts the price.
P/E change-27 ptsThe P/E fell from 54.7x to 41.8x, which lowers the price.
Share count change-3 ptsShare count rose 3%, which lowers the price.
+3%share price, 3 yearsRoughly flat
  • The share price was roughly flat over 3 years (+3%).
  • The share count rose 8%.
Net profit growth: +83 pts. Points of the price return explained by net profit growing (or shrinking).+83 ptsNet profit growthP/E change: −72 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−72 ptsP/E changeShare count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8 ptsShare count changeShare price: +3%+3%Share priceNet profit growth: +83 pts. Points of the price return explained by net profit growing (or shrinking).+83ProfitP/E change: −72 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−72P/EShare count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8SharesShare price: +3%+3%Share price
Net profit growth+83 ptsNet profit rose about 125%, which lifts the price.
P/E change-72 ptsThe P/E fell from 84.6x to 41.8x, which lowers the price.
Share count change-8 ptsShare count rose 8%, which lowers the price.
+52%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 174 points, but investors now pay less per rupee of profit (P/E 111.3x to 41.8x), which took 122 points back.
  • The share count rose 16%.
Net profit growth: +193 pts. Points of the price return explained by net profit growing (or shrinking).+193 ptsNet profit growthP/E change: −122 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−122 ptsP/E changeShare count change: −18 pts. Points of the price return explained by the share count changing. More shares count against the price.−18 ptsShare count changeShare price: +52%+52%Share priceNet profit growth: +193 pts. Points of the price return explained by net profit growing (or shrinking).+193ProfitP/E change: −122 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−122P/EShare count change: −18 pts. Points of the price return explained by the share count changing. More shares count against the price.−18SharesShare price: +52%+52%Share price
Net profit growth+193 ptsNet profit rose about 371%, which lifts the price.
P/E change-122 ptsThe P/E fell from 111.3x to 41.8x, which lowers the price.
Share count change-18 ptsShare count rose 16%, which lowers the price.
What do "pts" mean?

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

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

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

Compare this with BRITANNIA INDUSTRIES

How rough has the ride been?

Maximum drawdown-45.3%recovered 2020-08
1-year volatility28.5%annualised
Beta vs sector index0.683-year daily, correlation 0.32
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−42.6% 0%−20%−40%2020202220242026−42.6%
Largest drawdowns

-45.3% (2020-02 peak to 2020-03 low, recovered 2020-08)

-38.1% (2022-12 peak to 2026-01 low, not yet recovered)

-33.9% (2021-02 peak to 2022-06 low, recovered 2022-11)

Most recent volume spikes

2026-08-19: 7.2x the 50-day median, price +1.2% that day

2026-08-05: 5.5x the 50-day median, price -1.7% 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?

41.8xP/E todayNear its historic low
Against its own history2nd percentile
CheapestMedian 78.1xDearest

Usual range 46.1x to 143.9x since 2019-08.

Against Consumer Non-Durables41.8x vs 26.8x
This company
41.8x
Sector median
26.8x

56% above the Consumer Non-Durables median.

14.2x79.8x145.4x211.1xAug '19Feb '21Aug '22Feb '24Aug '25Nov '2614.2x79.8x145.4x211.1xAug '19Jan '22Jun '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

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P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables 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 Consumer Non-Durables is valued

Where does it rank among Consumer Non-Durables peers?

Each cell is the company's percentile rank among its Consumer Non-Durables 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

  • ROCE54thflat vs a year ago
  • Op. margin27th▼ 8 pts vs a year ago
  • Revenue growth73rd▼ 9 pts vs a year ago
  • EPS growth79th▲ 11 pts vs a year ago
  • Debt/equity ↓12thflat vs a year ago
  • Cash cycle ↓67th▼ 3 pts vs a year ago
  • P/E ↓34th▲ 4 pts vs a year ago
  • 12M momentum71st▲ 7 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 Consumer Non-Durables sector page Watch it move against Consumer Non-Durables in the Observatory

What is the price implying?

~24%annual earnings growth implied by the priceBelow delivered growth

At P/E of 41.8x, a holder earning 12%/yr needs earnings to grow about 24.1%/yr for 10 years, then trade at 15x.

Delivered33.3%/yrEPS, last 8 fiscal years · fitted trend
Gap−9.2 ptsimplied minus delivered
Rank695thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

0%23%46% Aug 2019Nov 2026 0%23%46% Aug 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x25.7%26.9%28.0%
15x23.0%24.1%25.2%
20x19.5%20.6%21.6%

Drag a slider to test other assumptions

Implied: 24.1%/yr

Looking back

  • Jan 2020Price implied 31%/yr; EPS has since grown 31%/yr (7.0 yrs)
  • Jan 2021Price implied 40%/yr; EPS has since grown 35%/yr (6.0 yrs)
  • Jan 2022Price implied 38%/yr; EPS has since grown 31%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Consumer Non-Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹551.10
P/E
41.8x
ROCE
14.0%
Market Cap
₹6681 cr
Revenue (TTM)
₹4401 cr
P/S
1.5x
P/B
5.7x
ROE
13.7%
Operating Margin
8.0%
Debt / Equity
0.9x
Promoter Holding
61.8%
12M Momentum
2.4%

52-week range

₹442.00₹677.75
46% of the way from its 52-week low to its high

Price risk

1Y volatility
28.5%
Beta vs sector
1-year daily
0.70

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.85x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 beyond a threshold
Other income reliance5%Within range

Other income as a share of pre-tax profit (trailing twelve months): 5.2%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.85xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.85x (cash from operations ₹305 cr, net profit ₹357 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

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+1 daysWithin range

Debtor days are above the median of the previous three fiscal years by 1 days (22 vs 21). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress12% of fixed assetsWithin range

Capital work-in-progress is 12% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+1 days / 2 yrsWithin range

Days payable changed by +1 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 8.6 pts; promoters trimmed 3.0 pts; FIIs trimmed 0.7 pts.
  • The number of shareholders fell from 80,587 to 60,623 (-25%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters64.8%61.8%-3.0 pts
FIIs6.6%5.9%-0.7 pts
DIIs6.0%14.7%+8.6 pts
Public and others22.5%17.6%-4.9 pts

Number of shareholders

60,623shareholders-25% since Sep '23
61k69k78k86k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 80,587
Dec '23: 86,147
Mar '24: 85,364
Jun '24: 84,136
Sep '24: 79,846
Dec '24: 76,794
Mar '25: 73,822
Jun '25: 72,312
Sep '25: 70,011
Dec '25: 66,618
Mar '26: 63,403
Jun '26: 60,623
 61k69k78k86k Sep '23Sep '24Sep '25Jun '26
Sep '23: 80,587
Dec '23: 86,147
Mar '24: 85,364
Jun '24: 84,136
Sep '24: 79,846
Dec '24: 76,794
Mar '25: 73,822
Jun '25: 72,312
Sep '25: 70,011
Dec '25: 66,618
Mar '26: 63,403
Jun '26: 60,623

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

−5.6%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 HINDUSTAN FOODS 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 −22% to +31% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (−3.2%, 80% range −15.5% to +5.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
CEATLTD · Feb 2021: −48.9% vs market
SENCO · Oct 2024: −48.2% vs market
NACLIND · Feb 2023: −43.7% vs market
VRLLOG · Apr 2023: −40.0% vs market
TVSSRICHAK · Nov 2023: −39.6% vs market
GOKEX · Dec 2024: −37.9% vs market
BANARISUG · Apr 2023: −37.8% vs market
SIS · May 2020: −32.9% vs market
GMMPFAUDLR · Feb 2025: −28.6% vs market
SOMANYCERA · Feb 2022: −26.3% vs market
JKLAKSHMI · May 2021: −24.3% vs market
EVEREADY · Jul 2025: −23.0% vs market
SAPPHIRE · Jun 2023: −22.2% vs market
GODREJIND · Apr 2021: −22.0% vs market
GANECOS · Mar 2023: −21.5% vs market
ASTERDM · Jul 2020: −21.1% vs market
HUHTAMAKI · Jul 2020: −20.6% vs market
MEDPLUS · Oct 2025: −19.7% vs market
KIRLOSENG · Mar 2024: −19.2% vs market
ARVINDFASN · Nov 2024: −14.7% vs market
GREENPLY · Aug 2025: −12.7% vs market
GREENLAM · Mar 2025: −11.0% vs market
PRSMJOHNSN · Aug 2021: −9.0% vs market
JKCEMENT · Jul 2023: −8.6% vs market
SANSERA · May 2023: −7.1% vs market
HATSUN · Jun 2025: −4.1% vs market
KEC · Jun 2024: +1.4% vs market
SUPRAJIT · Aug 2025: +3.4% vs market
CENTURYPLY · Jul 2025: +3.7% vs market
KPIL · Aug 2025: +4.1% vs market
MMFL · Mar 2022: +4.5% vs market
NH · Aug 2020: +4.9% vs market
GODREJAGRO · Jul 2024: +5.7% vs market
ASAHIINDIA · Apr 2020: +8.2% vs market
TVSMOTOR · Mar 2020: +9.4% vs market
JSWENERGY · Mar 2020: +14.4% vs market
LUMAXIND · Sep 2022: +26.8% vs market
MINDACORP · Aug 2025: +32.6% vs market
BLUESTARCO · Jul 2022: +38.7% vs market
CRAFTSMAN · Apr 2022: +40.1% vs market
VARROC · Sep 2025: +45.3% vs market
BRIGADE · Jun 2023: +60.0% vs market
BAJAJELEC · May 2020: +66.2% vs market
PRIVISCL · Jul 2024: +70.0% vs market
THANGAMAYL · Sep 2022: +71.7% vs market
BLUEDART · May 2020: +72.4% vs market
TORNTPOWER · May 2023: +89.7% vs market
JBMA · Aug 2021: +108.2% vs market
KALYANKJIL · Oct 2022: +156.5% vs market
AARTIDRUGS · Jan 2020: +268.2% vs market
Similar setups −5.6%All companies −2.4%← 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
−5.6%
All companies' median
−2.4%
Beat the market
48% vs 47%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GODREJIND
Process Industries		 Apr 2021 31x10% +93%−7% −22%
SUPRAJIT
Producer Manufacturing		 Aug 2025 63x11% −14%−18% +3%
SANSERA
Producer Manufacturing		 May 2023 32x14% +14%−5% −7%
PRIVISCL
Process Industries		 Jul 2024 66x12% +46%−3% +70%
SOMANYCERA
Producer Manufacturing		 Feb 2022 55x12% +69%−22% −26%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JKCEMENT
Non-Energy Minerals		 Jul 2023 60x10% +31%−5% −9%
CRAFTSMAN
Producer Manufacturing		 Apr 2022 49x14% +67%−16% +40%
ARVINDFASN
Retail Trade		 Nov 2024 77x14% +30%−10% −15%
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, interest cover 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 HINDUSTAN FOODS. 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.

MINDA CORPORATIONMINDACORP
Producer Manufacturing
74%similar
ROCEpromoter holding
GRAVITA INDIAGRAVITA
Non-Energy Minerals
64%similar
revenue growthrevenue
JBM AUTOJBMA
Producer Manufacturing
63%similar
revenue growthROCE
MEDPLUS HEALTH SERVICESMEDPLUS
Retail Trade
63%similar
market capvolatility
ADITYA VISIONAVL
Retail Trade
61%similar
volatilitymarket cap
CCL PRODUCTS INDIACCL
Consumer Non-Durables
54%similar
revenueROCE
HERITAGE FOODSHERITGFOOD
Consumer Non-Durables
52%similar
revenueEPS growth
BIKAJI FOODS INTBIKAJI
Consumer Non-Durables
51%similar
P/Evolatility

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Jul '22

  1. SepValuationP/E fell below the 10th percentile of its own history to date (43.5x).
  2. AugPriceVolume reached 7.2x its 50-day median on 2026-08-19; price +1.2% that day.
  3. JunPriceVolume reached 5.3x its 50-day median on 2026-06-24; price +2.7% that day.
  4. JanPriceFell 38% from the Dec 2022 peak to the Jan 2026 low.
  5. DecPeer rankMoved into the top quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  6. DecPriceVolume reached 5.5x its 50-day median on 2025-12-23; price -2.2% that day.
  7. JulPriceVolume reached 14.8x its 50-day median on 2025-07-07; price +7.9% that day.
  8. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on ROCE (from the 3rd quartile).
Show 22 earlier events
  1. JunDebtDebt / equity fell below 1.0x (0.97x).
  2. MayPriceVolume reached 10.8x its 50-day median on 2025-05-20; price +5.3% that day.
  3. AprValuationP/E fell below the 10th percentile of its own history to date (60.7x).
  4. MarPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
  5. FebPriceVolume reached 6.4x its 50-day median on 2025-02-19; price +13.3% that day.
  6. DecValuationP/E fell below the 10th percentile of its own history to date (62.0x).
  7. DecPeer rankSlipped to the 2nd quartile of Consumer Non-Durables on EPS growth (from the top quartile).
  8. DecPriceVolume reached 7.3x its 50-day median on 2024-12-20; price -2.2% that day.
  9. SepInstitutionsFII + DII holding rose 3.8 pts over 2 quarters to 16.4%.
  10. JulPriceVolume reached 14.0x its 50-day median on 2024-07-04; price +5.1% that day.
  11. JunResultsRevenue (TTM) reached a new high of ₹2,754 cr.
  12. JunPriceVolume reached 78.7x its 50-day median on 2024-06-26; price +5.6% that day.
  13. FebPriceVolume reached 25.6x its 50-day median on 2024-02-12; price +0.6% that day.
  14. DecPriceVolume reached 6.9x its 50-day median on 2023-12-13; price +2.8% that day.
  15. JulPriceVolume reached 35.2x its 50-day median on 2023-07-03; price +9.9% that day.
  16. JunResultsRevenue (TTM) reached a new high of ₹2,598 cr.
  17. JunPeer rankMoved into the top quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  18. MayPriceVolume reached 6.8x its 50-day median on 2023-05-19; price +2.4% that day.
  19. NovPriceRegained the 2021-02 peak, 5 months after the low.
  20. NovValuationP/E crossed above the 90th percentile of its own history to date (170.7x).
  21. NovPriceVolume reached 17.6x its 50-day median on 2022-11-14; price +8.7% that day.
  22. JulPriceVolume reached 51.4x its 50-day median on 2022-07-22; price -1.0% 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 history88 months · 2019-08 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1141.8x₹4401 cr13.7%14.0%0.9x
2026-1040.7x₹4401 cr13.6%14.0%0.9x
2026-0943.5x₹4401 cr13.6%14.0%0.9x
2026-0853.2x₹4219 cr12.7%14.0%0.9x
2026-0746.5x₹4219 cr12.7%14.0%0.9x
2026-0644.9x₹4219 cr12.7%14.0%0.9x
2026-0544.8x₹4061 cr15.0%14.0%1.0x
2026-0442.6x₹4061 cr15.0%14.0%1.0x
2026-0344.0x₹4061 cr15.0%14.0%1.0x
2026-0245.2x₹3897 cr13.9%14.0%1.0x
2026-0143.1x₹3897 cr13.9%14.0%1.0x
2025-1248.1x₹3897 cr13.9%14.0%1.0x
2025-1154.7x₹3741 cr12.6%14.0%1.0x
2025-1053.3x₹3741 cr12.6%14.0%1.0x
2025-0953.0x₹3741 cr12.6%14.0%1.0x
2025-0855.2x₹3590 cr12.1%14.0%1.0x
2025-0758.1x₹3590 cr12.1%14.0%1.0x
2025-0656.4x₹3590 cr12.1%14.0%1.0x
2025-0562.1x₹3362 cr15.8%15.0%1.1x
2025-0460.7x₹3362 cr15.8%15.0%1.1x
2025-0364.2x₹3362 cr15.8%15.0%1.1x
2025-0261.3x₹3211 cr14.7%15.0%1.1x
2025-0160.8x₹3211 cr14.7%15.0%1.1x
2024-1262.0x₹3211 cr14.7%15.0%1.1x
2024-1165.1x₹3003 cr15.0%15.0%1.1x
2024-1071.6x₹3003 cr15.0%15.0%1.1x
2024-0978.5x₹3003 cr15.0%15.0%1.1x
2024-0870.7x₹2754 cr14.4%15.0%1.1x
2024-0771.6x₹2754 cr14.4%15.0%1.1x
2024-0665.3x₹2754 cr14.4%15.0%1.1x
2024-0577.3x₹2598 cr18.9%18.0%1.4x
2024-0480.3x₹2598 cr18.9%18.0%1.4x
2024-0374.9x₹2598 cr18.9%18.0%1.4x
2024-0281.6x₹2598 cr18.9%18.0%1.4x
2024-0185.8x₹2598 cr18.9%18.0%1.4x
2023-1288.8x₹2598 cr18.9%18.0%1.4x
2023-1184.6x₹2598 cr18.9%18.0%1.4x
2023-1081.8x₹2598 cr18.9%18.0%1.4x
2023-0984.8x₹2598 cr18.9%18.0%1.4x
2023-0887.0x₹2598 cr18.9%18.0%1.4x
2023-0790.1x₹2598 cr18.9%18.0%1.4x
2023-0681.8x₹2598 cr18.9%18.0%1.4x
2023-05143.4x₹2040 cr14.8%17.0%1.2x
2023-04148.3x₹2040 cr14.8%17.0%1.2x
2023-03127.1x₹2040 cr14.8%17.0%1.2x
2023-02145.2x₹2040 cr14.8%17.0%1.2x
2023-01142.2x₹2040 cr14.8%17.0%1.2x
2022-12154.2x₹2040 cr14.8%17.0%1.2x
2022-11170.7x₹2040 cr14.8%17.0%1.2x
2022-10126.8x₹2040 cr14.8%17.0%1.2x
2022-09118.3x₹2040 cr14.8%17.0%1.2x
2022-08115.8x₹2040 cr14.8%17.0%1.2x
2022-07105.0x₹2040 cr14.8%17.0%1.2x
2022-0688.6x₹2040 cr14.8%17.0%1.2x
2022-05119.4x₹1386 cr15.5%17.0%1.0x
2022-04109.9x₹1386 cr15.5%17.0%1.0x
2022-03112.5x₹1386 cr15.5%17.0%1.0x
2022-02117.0x₹1386 cr15.5%17.0%1.0x
2022-01121.6x₹1386 cr15.5%17.0%1.0x
2021-12118.5x₹1386 cr15.5%17.0%1.0x
2021-11111.3x₹1386 cr15.5%17.0%1.0x
2021-10115.1x₹1386 cr15.5%17.0%1.0x
2021-09120.3x₹1386 cr15.5%17.0%1.0x
2021-08117.6x₹1386 cr15.5%17.0%1.0x
2021-07119.4x₹1386 cr15.5%17.0%1.0x
2021-06123.2x₹1386 cr15.5%17.0%1.0x
2021-05211.1x₹772 cr11.8%17.0%0.9x
2021-04198.8x₹772 cr11.8%17.0%0.9x
2021-03202.7x₹772 cr11.8%17.0%0.9x
2021-02208.1x₹772 cr11.8%17.0%0.9x
2021-01139.7x₹772 cr11.8%17.0%0.9x
2020-12149.4x₹772 cr11.8%17.0%0.9x
2020-1185.2x₹772 cr11.8%17.0%0.9x
2020-1085.3x₹772 cr11.8%17.0%0.9x
2020-0992.7x₹772 cr11.8%17.0%0.9x
2020-0869.2x₹772 cr11.8%17.0%0.9x
2020-0762.3x₹772 cr11.8%17.0%0.9x
2020-0654.3x₹772 cr11.8%17.0%0.9x
2020-0555.0x₹492 cr18.8%—1.6x
2020-0463.8x₹492 cr18.8%—1.6x
2020-0363.8x₹492 cr18.8%—1.6x
2020-0271.5x₹492 cr18.8%—1.6x
2020-0170.7x₹492 cr18.8%—1.6x
2019-1277.6x₹492 cr18.8%—1.6x
2019-1168.3x₹492 cr18.8%—1.6x
2019-1067.9x₹492 cr18.8%—1.6x
2019-0960.3x₹492 cr18.8%—1.6x
2019-0852.0x₹492 cr18.8%—1.6x

Methodology and data notes

Methodology

Methodology and data notes

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

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

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

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