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INSECTICIDES INDIA LTD (INSECTICID)

Process Industries · Chemicals: Agricultural · 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.71 / 100
Profitability 59Growth 69Balance sheet 85
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.27 / 100
Price 20Earnings 31FII/DII 29

Passes these screensDebt-light & profitable

Compare withFERTILIZERS AND CHEMICALS TRAVUPLSUMITOMO CHEMICAL INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹541.3 latest close · −18.5% over the last 90 sessions

₹500₹550₹600₹650Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹500₹550₹600₹650Jul 3Sep 4Nov 9

₹541.3 month-end · −25.2% over 12 months

₹500₹600₹700Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹600₹700Nov '25May '26Nov '26

₹541.3 month-end · −18.0% over 3 years

₹600₹800₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹600₹800₹1,000Nov '23May '25Nov '26

₹541.3 month-end · +37.9% since Jan '19

₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹500.00 to ₹775.00 · 1-year volatility 31.4%

Was the rally earned?

-25%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings took off 16 points and the multiple took off 9 points (P/E 14.0x to 12.6x).
  • The share count barely moved.
Net profit growth: −16 pts. Points of the price return explained by net profit growing (or shrinking).−16 ptsNet profit growthP/E change: −9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−9 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: −25%−25%Share priceNet profit growth: −16 pts. Points of the price return explained by net profit growing (or shrinking).−16ProfitP/E change: −9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−9P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −25%−25%Share price
Net profit growth-16 ptsNet profit fell about 16%, which lowers the price.
P/E change-9 ptsThe P/E fell from 14.0x to 12.6x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-18%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 64 points, but investors now pay less per rupee of profit (P/E 30.9x to 12.6x), which took 81 points back.
  • The share count barely moved.
Net profit growth: +62 pts. Points of the price return explained by net profit growing (or shrinking).+62 ptsNet profit growthP/E change: −81 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−81 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: −18%−18%Share priceNet profit growth: +62 pts. Points of the price return explained by net profit growing (or shrinking).+62ProfitP/E change: −81 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−81P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −18%−18%Share price
Net profit growth+62 ptsNet profit rose about 99%, which lifts the price.
P/E change-81 ptsThe P/E fell from 30.9x to 12.6x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+28%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 40 points, but investors now pay less per rupee of profit (P/E 14.0x to 12.6x), which took 12 points back.
  • The share count fell 6%.
Net profit growth: +33 pts. Points of the price return explained by net profit growing (or shrinking).+33 ptsNet profit growthP/E change: −12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−12 ptsP/E changeShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7 ptsShare count changeShare price: +28%+28%Share priceNet profit growth: +33 pts. Points of the price return explained by net profit growing (or shrinking).+33ProfitP/E change: −12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−12P/EShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7SharesShare price: +28%+28%Share price
Net profit growth+33 ptsNet profit rose about 33%, which lifts the price.
P/E change-12 ptsThe P/E fell from 14.0x to 12.6x, which lowers the price.
Share count change+7 ptsShare count fell 6%, which lifts 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 FERTILIZERS AND CHEMICALS TRAV

How rough has the ride been?

Maximum drawdown-68.6%recovered 2021-06
1-year volatility31.4%annualised
Beta vs sector index0.943-year daily, correlation 0.42
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−59.4% 0%−20%−40%−60%2020202220242026−59.4%
Largest drawdowns

-68.6% (2019-05 peak to 2020-03 low, recovered 2021-06)

-52.2% (2025-07 peak to 2026-10 low, not yet recovered)

-45.0% (2022-12 peak to 2023-07 low, recovered 2024-07)

Most recent volume spikes

2026-08-28: 6.4x the 50-day median, price +5.5% that day

2026-08-24: 6.4x the 50-day median, price -4.9% that day

2026-08-11: 7.1x the 50-day median, price -2.0% 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?

12.6xP/E todayWithin its usual range
Against its own history33rd percentile
CheapestMedian 14.4xDearest

Usual range 10.1x to 23.0x since 2019-01.

Against Process Industries12.6x vs 18.1x
This company
12.6x
Sector median
18.1x

30% below the Process Industries median.

5.3x14.4x23.6x32.7xJan '19Aug '20Mar '22Oct '23May '25Nov '265.3x14.4x23.6x32.7xJan '19Sep '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

  • ROCE70th▼ 3 pts vs a year ago
  • Op. margin48th▼ 15 pts vs a year ago
  • Revenue growth34th▼ 7 pts vs a year ago
  • EPS growth24th▼ 45 pts vs a year ago
  • Debt/equity ↓73rd▼ 3 pts vs a year ago
  • Cash cycle ↓26th▲ 3 pts vs a year ago
  • P/E ↓67th▼ 4 pts vs a year ago
  • 12M momentum25th▼ 51 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?

~11%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 14.2x, a holder earning 12%/yr needs earnings to grow about 10.9%/yr for 10 years, then trade at 15x.

Delivered6.2%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+4.7 ptsimplied minus delivered
Rank429thmost demanding of 856

Over time

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

0%10%20% Jan 2019Nov 2026 0%10%20% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x12.4%13.4%14.4%
15x10.0%10.9%11.9%
20x6.9%7.9%8.8%

Drag a slider to test other assumptions

Implied: 10.9%/yr

Looking back

  • Jan 2020Price implied 12%/yr; EPS has since grown 3%/yr (7.0 yrs)
  • Jan 2021Price implied 10%/yr; EPS has since grown 9%/yr (6.0 yrs)
  • Jan 2022Price implied 13%/yr; EPS has since grown 10%/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 Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹541.30
P/E
12.6x
ROCE
16.0%
Market Cap
₹1576 cr
Revenue (TTM)
₹2061 cr
P/S
0.8x
P/B
1.3x
ROE
10.3%
Operating Margin
11.0%
Debt / Equity
0.1x
Promoter Holding
72.3%
12M Momentum
-25.2%

52-week range

₹500.00₹775.00
15% of the way from its 52-week low to its high

Price risk

1Y volatility
31.4%
Beta vs sector
1-year daily
0.79

Balance sheet & cash

Interest cover
operating profit ÷ interest
10.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.99x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance9%Within range

Other income as a share of pre-tax profit (trailing twelve months): 8.9%. 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 conversion0.99xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.99x (cash from operations ₹380 cr, net profit ₹383 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 history+23 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 23 days (83 vs 60). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress35% of fixed assetsWithin range

Capital work-in-progress is 35% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+6 days / 2 yrsWithin range

Days payable changed by +6 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 18,232 to 21,380 (+17%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters72.2%72.3%+0.1 pts
FIIs4.4%4.4%0.0 pts
DIIs9.1%9.3%+0.1 pts
Public and others14.3%14.0%-0.3 pts

Number of shareholders

21,380shareholders+17% since Dec '23
18k20k21k23k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 18,232
Mar '24: 19,252
Jun '24: 19,474
Sep '24: 22,484
Dec '24: 22,849
Mar '25: 22,688
Jun '25: 21,436
Sep '25: 22,336
Dec '25: 22,359
Mar '26: 22,274
Jun '26: 21,380
 18k20k21k23k Dec '23Dec '24Dec '25Jun '26
Dec '23: 18,232
Mar '24: 19,252
Jun '24: 19,474
Sep '24: 22,484
Dec '24: 22,849
Mar '25: 22,688
Jun '25: 21,436
Sep '25: 22,336
Dec '25: 22,359
Mar '26: 22,274
Jun '26: 21,380

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

+3.6%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 INSECTICIDES INDIA 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 −16% to +65% vs the market, against −6% for all non-financial companies in the same months.
  • The gap against the base rate (+9.2%, 80% range −2.2% to +24.9%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
BIRLANU · Apr 2023: −32.8% vs market
INDOCO · Apr 2024: −30.0% vs market
DOLLAR · Aug 2025: −29.2% vs market
PSPPROJECT · Dec 2023: −28.0% vs market
PLASTIBLEN · Apr 2022: −27.6% vs market
GTPL · Aug 2023: −26.3% vs market
GNA · Oct 2024: −23.8% vs market
RUPA · Jun 2025: −23.6% vs market
TVTODAY · May 2024: −23.4% vs market
GALAXYSURF · Dec 2024: −22.9% vs market
EXPLEOSOL · May 2025: −19.1% vs market
HEIDELBERG · May 2023: −18.0% vs market
KCP · Jun 2022: −16.5% vs market
LINC · Feb 2025: −15.2% vs market
DALMIASUG · Aug 2023: −14.8% vs market
BLISSGVS · Jun 2023: −13.7% vs market
AVTNPL · Oct 2024: −13.4% vs market
BALMLAWRIE · May 2025: −10.2% vs market
JKIL · Dec 2020: −10.0% vs market
GREENPANEL · Apr 2025: −7.7% vs market
PTL · Jul 2023: −4.9% vs market
IGPL · Jun 2025: −4.7% vs market
ORIENTCEM · Jun 2022: −4.4% vs market
AARTIDRUGS · Mar 2025: −3.4% vs market
KIRLOSENG · Jan 2021: +1.4% vs market
DICIND · Oct 2025: +5.7% vs market
VSSL · Nov 2024: +6.1% vs market
VTL · Dec 2023: +11.5% vs market
IOLCP · Oct 2024: +12.5% vs market
KRBL · Dec 2024: +24.3% vs market
PCBL · Nov 2021: +24.4% vs market
BBL · Oct 2020: +36.5% vs market
GAEL · Mar 2025: +36.8% vs market
KIRLOSIND · Aug 2020: +45.1% vs market
HERITGFOOD · Jan 2023: +51.0% vs market
DBCORP · Jun 2022: +57.3% vs market
TVSSRICHAK · May 2022: +58.4% vs market
WABAG · Oct 2022: +66.5% vs market
LGBBROSLTD · May 2021: +72.3% vs market
IFGLEXPOR · Mar 2023: +74.6% vs market
GANECOS · Dec 2021: +75.0% vs market
LUMAXTECH · Aug 2021: +80.7% vs market
GODFRYPHLP · Mar 2022: +89.7% vs market
WSTCSTPAPR · Oct 2025: +90.5% vs market
SHRIPISTON · May 2022: +102.5% vs market
UNIPARTS · Jul 2025: +105.6% vs market
AMBIKCO · Feb 2021: +115.0% vs market
MAHSEAMLES · Jul 2021: +116.6% vs market
TCI · Dec 2020: +120.1% vs market
SMSPHARMA · Mar 2020: +156.9% vs market
Similar setups +3.6%All companies −5.6%← 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 · 6 beyond the range shown, drawn at the edge

Similar setups' median
+3.6%
All companies' median
−5.6%
Beat the market
52% vs 44%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
VSSL
Non-Energy Minerals		 Nov 2024 21x— +16%−23% +6%
GNA
Producer Manufacturing		 Oct 2024 18x15% +2%−20% −24%
DICIND
Process Industries		 Oct 2025 22x15% −28%−33% +6%
LGBBROSLTD
Producer Manufacturing		 May 2021 11x13% +44%−10% +72%
AMBIKCO
Process Industries		 Feb 2021 10x14% +24%−17% +115%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KIRLOSIND
Non-Energy Minerals		 Aug 2020 6x12% −7%−19% +45%
KIRLOSENG
Producer Manufacturing		 Jan 2021 10x12% −16%−18% +1%
DALMIASUG
Process Industries		 Aug 2023 12x12% +7%−11% −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: drawdown from 12-month high, 12-month momentum and P/E. 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 INSECTICIDES INDIA 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 2026-11-09. 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.

BALMER LAWRIE & COBALMLAWRIE
Producer Manufacturing
74%similar
debt/equityROCE
DOLLAR INDUSTRIESDOLLAR
Consumer Non-Durables
70%similar
market cappromoter holding
EVEREST KANTO CYLINDERSEKC
Producer Manufacturing
66%similar
debt/equityrevenue growth
RUPA & COMPANYRUPA
Consumer Non-Durables
65%similar
P/Erevenue growth
D.B.CORPDBCORP
Consumer Services
63%similar
EPS growthrevenue growth
DHARMAJ CROP GUARDDHARMAJ
Process Industries
64%similar
P/EROCE
VEEDOL CORPORATIONVEEDOL
Process Industries
62%similar
revenueEPS growth
ROSSARI BIOTECHROSSARI
Process Industries
61%similar
operating marginrevenue

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

What changed?

30 events since Jun '23

  1. OctPriceFell 52% from the Jul 2025 peak to the Oct 2026 low.
  2. SepPeer rankSlipped to the bottom quartile of Process Industries on EPS growth (from the 3rd quartile).
  3. AugPriceVolume reached 7.1x its 50-day median on 2026-08-11; price -2.0% that day.
  4. JunResultsYear-on-year EPS growth turned negative.
  5. JunPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  6. MarPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  7. JanPriceVolume reached 12.2x its 50-day median on 2026-01-30; price -8.0% that day.
  8. SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
Show 22 earlier events
  1. AugPeer rankSlipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).
  2. AugPriceVolume reached 14.1x its 50-day median on 2025-08-13; price -11.4% that day.
  3. JulPriceRegained the 2024-08 peak, 5 months after the low.
  4. JunResultsRevenue (TTM) reached a new high of ₹2,001 cr.
  5. JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 2nd quartile).
  6. JunDividendDividend payout cut from 9% to 4% of profit.
  7. MayPriceVolume reached 13.5x its 50-day median on 2025-05-29; price +3.7% that day.
  8. MarPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  9. FebPriceFell 45% from the Aug 2024 peak to the Feb 2025 low.
  10. DecPriceVolume reached 5.4x its 50-day median on 2024-12-09; price +2.4% that day.
  11. SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
  12. AugValuationP/E crossed above the 90th percentile of its own history to date (28.7x).
  13. AugPriceVolume reached 17.1x its 50-day median on 2024-08-28; price +9.1% that day.
  14. JulPriceRegained the 2022-12 peak, 12 months after the low.
  15. JunResultsYear-on-year EPS growth turned positive.
  16. JunPeer rankMoved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
  17. JunPriceVolume reached 10.8x its 50-day median on 2024-06-20; price +1.6% that day.
  18. AprValuationP/E crossed above the 90th percentile of its own history to date (27.0x).
  19. NovPriceVolume reached 11.7x its 50-day median on 2023-11-28; price +7.6% that day.
  20. AugPriceVolume reached 6.3x its 50-day median on 2023-08-03; price +2.9% that day.
  21. JulPriceFell 45% from the Dec 2022 peak to the Jul 2023 low.
  22. JunResultsYear-on-year EPS growth turned negative.

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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1112.6x₹2061 cr10.3%16.0%0.1x
2026-1012.1x₹2061 cr10.2%16.0%0.1x
2026-0913.6x₹2061 cr10.2%16.0%0.1x
2026-0812.7x₹2140 cr11.4%16.0%0.1x
2026-0713.4x₹2140 cr11.4%16.0%0.1x
2026-0613.8x₹2140 cr11.4%16.0%0.1x
2026-0515.1x₹2073 cr13.0%17.0%0.1x
2026-0414.4x₹2073 cr13.0%17.0%0.1x
2026-0310.9x₹2073 cr13.0%17.0%0.1x
2026-0212.2x₹2046 cr13.6%17.0%0.1x
2026-0111.6x₹2046 cr13.6%17.0%0.1x
2025-1214.0x₹2046 cr13.6%17.0%0.1x
2025-1114.0x₹2035 cr13.8%17.0%0.1x
2025-1013.9x₹2035 cr13.8%17.0%0.1x
2025-0914.4x₹2035 cr13.8%17.0%0.1x
2025-0817.0x₹2001 cr13.0%17.0%0.1x
2025-0722.1x₹2001 cr13.0%17.0%0.1x
2025-0619.9x₹2001 cr13.0%17.0%0.1x
2025-0518.3x₹1914 cr13.3%13.0%0.1x
2025-0414.9x₹1914 cr13.3%13.0%0.1x
2025-0312.7x₹1914 cr13.3%13.0%0.1x
2025-0212.9x₹1914 cr12.8%13.0%0.1x
2025-0114.5x₹1914 cr12.8%13.0%0.1x
2024-1215.1x₹1914 cr12.8%13.0%0.1x
2024-1118.1x₹1983 cr12.1%13.0%0.1x
2024-1020.8x₹1983 cr12.1%13.0%0.1x
2024-0921.2x₹1983 cr12.1%13.0%0.1x
2024-0828.7x₹1966 cr10.1%13.0%0.1x
2024-0723.0x₹1966 cr10.1%13.0%0.1x
2024-0620.0x₹1966 cr10.1%13.0%0.1x
2024-0524.8x₹1801 cr6.9%10.0%0.2x
2024-0427.0x₹1801 cr6.9%10.0%0.2x
2024-0322.8x₹1801 cr6.9%10.0%0.2x
2024-0225.1x₹1801 cr6.9%10.0%0.2x
2024-0129.6x₹1801 cr6.9%10.0%0.2x
2023-1231.7x₹1801 cr6.9%10.0%0.2x
2023-1130.9x₹1801 cr6.9%10.0%0.2x
2023-1024.1x₹1801 cr6.9%10.0%0.2x
2023-0923.4x₹1801 cr6.9%10.0%0.2x
2023-0823.0x₹1801 cr6.9%10.0%0.2x
2023-0720.0x₹1801 cr6.9%10.0%0.2x
2023-0620.9x₹1801 cr6.9%10.0%0.2x
2023-0512.2x₹1504 cr12.3%16.0%0.1x
2023-0413.3x₹1504 cr12.3%16.0%0.1x
2023-0312.9x₹1504 cr12.3%16.0%0.1x
2023-0212.5x₹1504 cr12.3%16.0%0.1x
2023-0116.9x₹1504 cr12.3%16.0%0.1x
2022-1220.5x₹1504 cr12.3%16.0%0.1x
2022-1120.6x₹1504 cr12.3%16.0%0.1x
2022-1019.8x₹1504 cr12.3%16.0%0.1x
2022-0919.8x₹1504 cr12.3%16.0%0.1x
2022-0818.6x₹1504 cr12.3%16.0%0.1x
2022-0719.0x₹1504 cr12.3%16.0%0.1x
2022-0615.8x₹1504 cr12.3%16.0%0.1x
2022-0517.2x₹1420 cr11.4%15.0%0.1x
2022-0415.8x₹1420 cr11.4%15.0%0.1x
2022-0313.5x₹1420 cr11.4%15.0%0.1x
2022-0213.7x₹1420 cr11.4%15.0%0.1x
2022-0115.7x₹1420 cr11.4%15.0%0.1x
2021-1215.6x₹1420 cr11.4%15.0%0.1x

Older months are in the live observatory.

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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