Share price
₹31.78 latest close · +13.7% over the last 90 sessions
₹31.78 month-end · −3.1% over 12 months
₹31.78 month-end · −49.8% over 3 years
₹31.78 month-end · −27.8% since Mar '19
52-week range ₹23.91 to ₹42.74 · 1-year volatility 51.9%
Was the rally earned?
- The share price was roughly flat over 1 year (-3%).
- The share count rose 12%.
Earnings helped, the multiple did not.
- Per-share earnings added 194 points, but investors now pay less per rupee of profit (P/E 904.4x to 31.2x), which took 243 points back.
- The share count rose 73%.
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 54.4x to 31.2x); per-share earnings took off 6 points.
- The share count rose 90%.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-89.9% (2019-04 peak to 2019-10 low, recovered 2021-08)
-75.2% (2022-11 peak to 2026-09 low, not yet recovered)
-50.7% (2021-12 peak to 2022-09 low, recovered 2022-11)
Is it expensive against its own past and its peers?
Usual range 15.1x to 793.6x since 2019-03.
16% above the Consumer Non-Durables median.
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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.
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
- ROCE25th▼ 17 pts vs a year ago
- Op. margin22nd▼ 9 pts vs a year ago
- Revenue growth94thflat vs a year ago
- EPS growth9th▼ 67 pts vs a year ago
- Debt/equity ↓32ndflat vs a year ago
- Cash cycle ↓7th▲ 3 pts vs a year ago
- P/E ↓45th▼ 39 pts vs a year ago
- 12M momentum63rd▲ 8 pts vs a year ago
Rank history
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?
At a P/E of 43.2x, the price would imply about 24.5%/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 Consumer Non-Durables The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹31.78
- P/E
- 31.2x
- ROCE
- 8.0%
- Market Cap
- ₹61 cr
- Revenue (TTM)
- ₹119 cr
- P/S
- 0.5x
- P/B
- 0.9x
- ROE
- 3.0%
- Operating Margin
- 7.4%
- Debt / Equity
- 0.6x
- Promoter Holding
- 41.6%
- 12M Momentum
- -3.1%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance7%Within range
Other income as a share of pre-tax profit (trailing twelve months): 6.7%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate30%Within range
Median quarterly effective tax rate over about 2.5 years: 30.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion-5.86xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -5.86x (cash from operations ₹-41 cr, net profit ₹7 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-50 daysWithin range
Debtor days are below the median of the previous three fiscal years by 50 days (128 vs 178). 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-120 days / 2 yrsWithin range
Days payable changed by -120 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.
Who has been buying and selling?
- Over 2 years, promoters trimmed 9.8 pts; FIIs added 1.2 pts.
- The number of shareholders rose from 2,492 to 5,536 (+122%) between Dec 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like NANDANI CREATION 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 −29% to +17% vs the market, against −4% for all non-financial companies in the same months.
- The gap against the base rate (−7.5%, 80% range −13.7% to +2.5%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
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
50 past situations · 50 companies · 34 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| LOKESHMACH Technology Services |
Aug 2021 | 21x | 8% | +107% | −14% | +152% |
| INDTERRAIN Consumer Non-Durables |
Mar 2024 | 45x | 11% | +58% | −15% | −58% |
| IVP Process Industries |
Mar 2022 | 35x | 7% | +57% | −17% | −17% |
| MANAKALUCO Non-Energy Minerals |
Jun 2022 | 19x | 10% | +15% | −34% | −12% |
| PIONEEREMB Consumer Non-Durables |
Dec 2024 | 49x | 6% | +17% | −17% | −53% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, P/E and ROCE. 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.
What changed?
30 events since Aug '21
- SepPriceFell 75% from the Nov 2022 peak to the Sep 2026 low.
- SepPeer rankMoved into the 3rd quartile of Consumer Non-Durables on ROCE (from the bottom quartile).
- JulSharesShare count is up 11.8% over 12 months.
- JunPeer rankSlipped to the bottom quartile of Consumer Non-Durables on ROCE (from the 3rd quartile).
- MarPeer rankSlipped to the bottom quartile of Consumer Non-Durables on operating margin (from the 3rd quartile).
- DecPromoterPromoter holding fell 4.4 pts to 41.3% (largest drop since 2024-12).
- DecResultsYear-on-year EPS growth turned negative.
- DecPeer rankSlipped to the bottom quartile of Consumer Non-Durables on EPS growth (from the top quartile).
Show 22 earlier events
- JunPeer rankMoved into the 3rd quartile of Consumer Non-Durables on ROCE (from the bottom quartile).
- JunSharesShare count is up 54.5% over 12 months.
- DecPromoterPromoter holding fell 5.6 pts to 45.7%.
- DecResultsRevenue (TTM) reached a new high of ₹64 cr.
- DecValuationP/E fell below the 10th percentile of its own history to date (11.0x).
- SepPeer rankSlipped to the 2nd quartile of Consumer Non-Durables on operating margin (from the top quartile).
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the top quartile of Consumer Non-Durables on EPS growth (from the bottom quartile).
- FebDebtDebt / equity halved over 12 months to 0.48x.
- JulDebtDebt / equity halved over 12 months to 0.48x.
- JunDebtDebt / equity fell below 1.0x (0.48x).
- JunSharesShare count is up 10.0% over 12 months.
- AprValuationP/E crossed above the 90th percentile of its own history to date (227.8x).
- NovPriceRegained the 2021-12 peak, 2 months after the low.
- SepPriceFell 51% from the Dec 2021 peak to the Sep 2022 low.
- JunResultsYear-on-year EPS growth turned negative.
- JunValuationP/E crossed above the 90th percentile of its own history to date (161.6x).
- JunPeer rankSlipped to the bottom quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
- JunDebtDebt / equity rose above 1.0x (1.06x).
- DecPriceRegained the 2021-08 peak, 1 month after the low.
- NovPriceFell 37% from the Aug 2021 peak to the Nov 2021 low.
- AugPriceRegained the 2019-04 peak, 22 months after the low.
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
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 31.2x | ₹119 cr | 3.0% | 8.0% | 0.6x |
| 2026-10 | 28.2x | ₹119 cr | 3.0% | 8.0% | 0.6x |
| 2026-09 | 26.2x | ₹119 cr | 3.0% | 8.0% | 0.6x |
| 2026-08 | 25.1x | ₹113 cr | 3.0% | 8.0% | 0.6x |
| 2026-07 | 25.6x | ₹113 cr | 3.0% | 8.0% | 0.6x |
| 2026-06 | 26.3x | ₹113 cr | 3.0% | 8.0% | 0.6x |
| 2026-05 | 30.9x | ₹102 cr | 3.4% | 12.0% | 0.5x |
| 2026-04 | 31.2x | ₹102 cr | 3.4% | 12.0% | 0.5x |
| 2026-03 | 25.0x | ₹102 cr | 3.4% | 12.0% | 0.5x |
| 2026-02 | 26.8x | ₹89 cr | 4.3% | 12.0% | 0.5x |
| 2026-01 | 30.2x | ₹89 cr | 4.3% | 12.0% | 0.5x |
| 2025-12 | 20.4x | ₹89 cr | 4.3% | 12.0% | 0.5x |
| 2025-11 | 17.6x | ₹79 cr | 6.1% | 12.0% | 0.5x |
| 2025-10 | 21.0x | ₹79 cr | 6.1% | 12.0% | 0.5x |
| 2025-09 | 20.1x | ₹79 cr | 6.1% | 12.0% | 0.5x |
| 2025-08 | 16.9x | ₹70 cr | 7.0% | 12.0% | 0.5x |
| 2025-07 | 19.9x | ₹70 cr | 7.0% | 12.0% | 0.5x |
| 2025-06 | 20.1x | ₹70 cr | 7.0% | 12.0% | 0.5x |
| 2025-05 | 12.3x | ₹69 cr | 22.4% | 6.0% | 0.9x |
| 2025-04 | 13.0x | ₹69 cr | 22.4% | 6.0% | 0.9x |
| 2025-03 | 14.6x | ₹69 cr | 22.4% | 6.0% | 0.9x |
| 2025-02 | 11.5x | ₹64 cr | 21.6% | 6.0% | 0.9x |
| 2025-01 | 13.7x | ₹64 cr | 21.6% | 6.0% | 0.9x |
| 2024-12 | 11.0x | ₹64 cr | 21.6% | 6.0% | 0.9x |
| 2024-11 | 24.0x | ₹56 cr | 5.8% | 6.0% | 0.9x |
| 2024-10 | 25.0x | ₹56 cr | 5.8% | 6.0% | 0.9x |
| 2024-09 | 26.4x | ₹56 cr | 5.8% | 6.0% | 0.9x |
| 2024-08 | 136.8x | ₹45 cr | 1.2% | 6.0% | 0.9x |
| 2024-07 | 117.1x | ₹45 cr | 1.2% | 6.0% | 0.9x |
| 2024-06 | 129.6x | ₹45 cr | 1.2% | 6.0% | 0.9x |
| 2024-05 | 602.6x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2024-04 | 611.3x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2024-03 | 652.6x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2024-02 | 777.3x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2024-01 | 858.9x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2023-12 | 831.6x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2023-11 | 904.4x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2023-10 | 995.3x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2023-09 | 1000.1x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2023-08 | 1133.6x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2023-07 | 1085.4x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2023-06 | 1155.7x | ₹49 cr | 0.3% | 7.0% | 0.5x |
| 2023-05 | 218.9x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2023-04 | 227.8x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2023-03 | 205.4x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2023-02 | 228.7x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2023-01 | 251.6x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2022-12 | 270.1x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2022-11 | 254.9x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2022-10 | 217.1x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2022-09 | 157.9x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2022-08 | 149.6x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2022-07 | 152.3x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2022-06 | 161.6x | ₹63 cr | 2.1% | 7.0% | 1.1x |
| 2022-05 | 46.5x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2022-04 | 52.3x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2022-03 | 43.7x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2022-02 | 54.3x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2022-01 | 55.3x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2021-12 | 75.1x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2021-11 | 54.4x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2021-10 | 38.6x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2021-09 | 44.4x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2021-08 | 59.2x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2021-07 | 30.1x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2021-06 | 29.6x | ₹48 cr | 7.4% | 17.0% | 0.7x |
| 2021-05 | 38.6x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2021-04 | 33.5x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2021-03 | 30.7x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2021-02 | 25.3x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2021-01 | 24.4x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2020-12 | 15.8x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2020-11 | 15.5x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2020-10 | 15.3x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2020-09 | 15.6x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2020-08 | 9.7x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2020-07 | — | — | — | — | — |
| 2020-06 | 10.8x | ₹46 cr | 5.7% | 15.0% | 1.0x |
| 2020-05 | — | — | — | — | — |
| 2020-04 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2020-03 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2020-02 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2020-01 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2019-12 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2019-11 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2019-10 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2019-09 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2019-08 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2019-07 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2019-06 | — | ₹34 cr | 3.5% | 16.0% | 1.1x |
| 2019-05 | — | ₹20 cr | 3.4% | 18.0% | 0.9x |
| 2019-04 | — | ₹20 cr | 3.4% | 18.0% | 0.9x |
| 2019-03 | 49.4x | ₹20 cr | 3.4% | 18.0% | 0.9x |