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JINDAL WORLDWIDE LIMITED (JINDWORLD)

Process Industries · Textiles · figures to Nov '26

Divergence: price ahead of business (5 months)
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.37 / 100
Profitability 32Growth 41Balance sheet 38
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.52 / 100
Price 68Earnings 39FII/DII 48

Passes these screensPrice ahead of business

Compare withVARDHMAN TEXTILES LIMTEDARVINDTRIDENT

Share price

Closing priceAdjusted for splits and bonus issues.

₹37.58 latest close · +23.6% over the last 90 sessions

₹30₹40₹50₹60Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹30₹40₹50₹60Jul 3Sep 4Nov 9

₹37.58 month-end · +12.1% over 12 months

₹20₹30₹40Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹20₹30₹40Nov '25May '26Nov '26

₹37.58 month-end · −44.0% over 3 years

₹25₹50₹75Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹25₹50₹75Nov '23May '25Nov '26

₹37.58 month-end · +164.6% since Jan '19

₹0₹25₹50₹75Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹25₹50₹75Jan '19Dec '22Nov '26

52-week range ₹17.85 to ₹61.99 · 1-year volatility 62.2%

Was the rally earned?

+12%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 13 points, but investors now pay less per rupee of profit (P/E 45.3x to 44.7x), which took 1 point back.
  • The share count barely moved.
Net profit growth: +14 pts. Points of the price return explained by net profit growing (or shrinking).+14 ptsNet profit growthP/E change: −1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−1 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: +12%+12%Share priceNet profit growth: +14 pts. Points of the price return explained by net profit growing (or shrinking).+14ProfitP/E change: −1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−1P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +12%+12%Share price
Net profit growth+14 ptsNet profit rose about 14%, which lifts the price.
P/E change-1 ptsThe P/E fell from 45.3x to 44.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-44%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings took off 24 points and the multiple took off 20 points (P/E 58.4x to 44.7x).
  • The share count barely moved.
Net profit growth: −24 pts. Points of the price return explained by net profit growing (or shrinking).−24 ptsNet profit growthP/E change: −20 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−20 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: −44%−44%Share priceNet profit growth: −24 pts. Points of the price return explained by net profit growing (or shrinking).−24ProfitP/E change: −20 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−20P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −44%−44%Share price
Net profit growth-24 ptsNet profit fell about 27%, which lowers the price.
P/E change-20 ptsThe P/E fell from 58.4x to 44.7x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+1%share price, 5 yearsRoughly flat
  • The share price was roughly flat over 5 years (+1%).
  • The share count barely moved.
Net profit growth: +65 pts. Points of the price return explained by net profit growing (or shrinking).+65 ptsNet profit growthP/E change: −64 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−64 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: +1%+1%Share priceNet profit growth: +65 pts. Points of the price return explained by net profit growing (or shrinking).+65ProfitP/E change: −64 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−64P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +1%+1%Share price
Net profit growth+65 ptsNet profit rose about 91%, which lifts the price.
P/E change-64 ptsThe P/E fell from 84.4x to 44.7x, which lowers the price.
Share count change0 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 VARDHMAN TEXTILES LIMTED

How rough has the ride been?

Maximum drawdown-80.3%not yet recovered
1-year volatility62.2%annualised
Beta vs sector index1.243-year daily, correlation 0.37
Volume spikes21last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−79.1% 0%−25%−50%−75%2020202220242026−79.1%
Largest drawdowns

-80.3% (2023-01 peak to 2026-03 low, not yet recovered)

-67.1% (2019-05 peak to 2020-05 low, recovered 2021-07)

-45.7% (2022-04 peak to 2022-09 low, recovered 2022-12)

Most recent volume spikes

2026-09-09: 7.4x the 50-day median, price -0.2% that day

2026-09-08: 12.3x the 50-day median, price -5.1% that day

2026-09-07: 20.4x the 50-day median, price +1.8% 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?

44.7xP/E todayWithin its usual range
Against its own history45th percentile
CheapestMedian 48.5xDearest

Usual range 28.8x to 96.8x since 2019-01.

Against Process Industries44.7x vs 18.1x
This company
44.7x
Sector median
18.1x

147% above the Process Industries median.

6.8x54.2x101.6x149.0xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x54.2x101.6x149.0xJan '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

The chart loads when you open this tab.

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

  • ROCE41st▼ 4 pts vs a year ago
  • Op. margin22nd▼ 13 pts vs a year ago
  • Revenue growth18th▼ 63 pts vs a year ago
  • EPS growth54th▲ 15 pts vs a year ago
  • Debt/equity ↓32nd▲ 16 pts vs a year ago
  • Cash cycle ↓48th▲ 11 pts vs a year ago
  • P/E ↓17th▼ 4 pts vs a year ago
  • 12M momentum73rd▲ 65 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?

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

At normalised P/E (five-year average earnings) of 42.0x, a holder earning 12%/yr needs earnings to grow about 24.0%/yr for 10 years, then trade at 15x.

Delivered5.2%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+18.8 ptsimplied minus delivered
Rank161stmost demanding of 856

Over time

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

-6%18%42% Jan 2019Nov 2026 -6%18%42% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x25.7%26.8%28.0%
15x22.9%24.0%25.2%
20x19.5%20.5%21.6%

Drag a slider to test other assumptions

Implied: 24.0%/yr

Looking back

  • Jan 2020Price implied 20%/yr; EPS has since grown 13%/yr (7.0 yrs)
  • Jan 2021Price implied 18%/yr; EPS has since grown 17%/yr (6.0 yrs)
  • Jan 2022Price implied 40%/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
₹37.58
P/E
44.7x
ROCE
9.0%
Market Cap
₹3765 cr
Revenue (TTM)
₹2300 cr
P/S
1.6x
P/B
4.4x
ROE
9.8%
Operating Margin
5.0%
Debt / Equity
0.6x
Promoter Holding
61.8%
12M Momentum
12.1%

52-week range

₹17.85₹61.99
45% of the way from its 52-week low to its high

Price risk

1Y volatility
62.2%
Beta vs sector
1-year daily
2.05

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.75x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance35%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 34.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.75xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.75x (cash from operations ₹388 cr, net profit ₹222 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-3 daysWithin range

Debtor days are below the median of the previous three fiscal years by 3 days (95 vs 98). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress14% of fixed assetsWithin range

Capital work-in-progress is 14% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+14 days / 2 yrsWithin range

Days payable changed by +14 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, FIIs trimmed 0.5 pts.
  • The number of shareholders rose from 12,731 to 51,876 (+307%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters61.3%61.8%+0.4 pts
FIIs0.6%0.1%-0.5 pts
DIIs0.0%0.0%0.0 pts
Public and others38.0%38.2%+0.1 pts

Number of shareholders

51,876shareholders+307% since Sep '23
13k26k39k52k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 12,731
Dec '23: 14,260
Mar '24: 13,624
Jun '24: 13,337
Sep '24: 13,256
Dec '24: 15,471
Mar '25: 23,913
Jun '25: 27,215
Sep '25: 46,230
Dec '25: 46,641
Mar '26: 47,265
Jun '26: 51,876
 13k26k39k52k Sep '23Sep '24Sep '25Jun '26
Sep '23: 12,731
Dec '23: 14,260
Mar '24: 13,624
Jun '24: 13,337
Sep '24: 13,256
Dec '24: 15,471
Mar '25: 23,913
Jun '25: 27,215
Sep '25: 46,230
Dec '25: 46,641
Mar '26: 47,265
Jun '26: 51,876

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

+1.0%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 JINDAL WORLDWIDE 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 −23% to +41% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+2.1%, 80% range −11.7% to +15.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
RAMASTEEL · Jul 2025: −64.2% vs market
SOLARA · Feb 2021: −59.0% vs market
WEL · Sep 2025: −42.3% vs market
SPMLINFRA · Oct 2025: −41.4% vs market
BIRLACABLE · Jul 2024: −39.9% vs market
SAKAR · Sep 2023: −36.4% vs market
OMINFRAL · May 2025: −33.8% vs market
EMBDL · May 2021: −31.7% vs market
DREDGECORP · Aug 2024: −27.4% vs market
HIKAL · Jun 2023: −27.3% vs market
KOKUYOCMLN · Dec 2023: −24.8% vs market
SHANKARA · Jan 2020: −23.3% vs market
SANGHIIND · May 2021: −23.0% vs market
SOBHA · Jun 2022: −22.5% vs market
COASTCORP · Oct 2022: −22.2% vs market
PRECAM · May 2025: −21.6% vs market
PRIVISCL · Jun 2022: −17.2% vs market
HIMATSEIDE · Mar 2021: −15.9% vs market
SUNDRMBRAK · Jul 2025: −15.5% vs market
SINDHUTRAD · Oct 2025: −13.5% vs market
DCXINDIA · Jan 2024: −11.9% vs market
NELCAST · Jan 2021: −10.8% vs market
WELSPUNLIV · Dec 2023: −7.7% vs market
IFBIND · Nov 2024: −4.2% vs market
PGIL · Feb 2022: +1.0% vs market
PRESTIGE · Mar 2020: +1.1% vs market
IRB · Jul 2022: +7.9% vs market
SYNCOMF · Feb 2024: +9.5% vs market
ACLGATI · Jan 2020: +9.9% vs market
ROSSELLIND · Apr 2023: +17.9% vs market
POKARNA · Jun 2021: +21.1% vs market
AJMERA · May 2024: +21.3% vs market
SHIVATEX · Apr 2020: +21.4% vs market
VRLLOG · Dec 2021: +21.9% vs market
ALICON · Mar 2021: +26.1% vs market
GOACARBON · Feb 2023: +30.6% vs market
IGPL · Mar 2021: +37.3% vs market
HIRECT · Feb 2025: +42.4% vs market
SALASAR · Apr 2023: +60.2% vs market
DYNAMATECH · Jun 2022: +73.1% vs market
TALBROAUTO · Mar 2021: +80.8% vs market
HBLENGINE · Apr 2021: +101.9% vs market
GENUSPOWER · Jul 2022: +106.5% vs market
SKIPPER · Dec 2023: +106.8% vs market
TIRUMALCHM · Jan 2021: +117.0% vs market
JBMA · Apr 2021: +160.0% vs market
TRIDENT · May 2021: +176.7% vs market
ELECON · Mar 2022: +179.9% vs market
TEXRAIL · Feb 2023: +188.6% vs market
NEULANDLAB · Jan 2023: +211.4% vs market
Similar setups +1.0%All companies −1.1%← 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 · 9 beyond the range shown, drawn at the edge

Similar setups' median
+1.0%
All companies' median
−1.1%
Beat the market
52% vs 49%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ROSSELLIND
Electronic Technology		 Apr 2023 32x9% +28%−30% +18%
EMBDL
Finance		 May 2021 38x11% +139%−15% −32%
RAMASTEEL
Non-Energy Minerals		 Jul 2025 73x7% +6%−34% −64%
TIRUMALCHM
Process Industries		 Jan 2021 40x7% +39%−22% +117%
POKARNA
Producer Manufacturing		 Jun 2021 38x10% +187%−16% +21%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
WEL
Electronic Technology		 Sep 2025 91x— −11%−37% −42%
VRLLOG
Transportation		 Dec 2021 84x10% +111%−18% +22%
GOACARBON
Process Industries		 Feb 2023 42x9% +18%−38% +31%
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: ROCE, 12-month momentum and interest cover. 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 JINDAL WORLDWIDE 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 else looks like this?

Companies with the most similar financial profile today, regardless of industry.

RICO AUTO INDUSTRIESRICOAUTO
Producer Manufacturing
70%similar
ROCEP/E
HLE GLASCOATHLEGLAS
Producer Manufacturing
66%similar
debt/equityvolatility
DISHMAN CARBOGEN AMCISDCAL
Health Technology
64%similar
promoter holdingrevenue
LUX INDUSTRIESLUXIND
Consumer Non-Durables
62%similar
EPS growthmarket cap
INDOCO REMEDIESINDOCO
Health Technology
60%similar
revenue growthrevenue
AVADH SUGAR & ENERGYAVADHSUGAR
Process Industries
64%similar
operating marginEPS growth
INDO COUNT INDUSTRIESICIL
Process Industries
61%similar
volatilityROCE
NACL INDUSTRIESNACLIND
Process Industries
61%similar
ROCEvolatility

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

What changed?

30 events since Dec '22

  1. SepResultsYear-on-year EPS growth turned positive.
  2. SepPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
  3. JulPriceVolume reached 106.7x its 50-day median on 2026-07-21; price +19.3% that day.
  4. JunPeer rankMoved into the 3rd quartile of Process Industries on operating margin (from the bottom quartile).
  5. JunDebtDebt / equity fell below 1.0x (0.65x).
  6. MayPriceVolume reached 100.7x its 50-day median on 2026-05-27; price +2.5% that day.
  7. MarPriceFell 80% from the Jan 2023 peak to the Mar 2026 low.
  8. MarValuationP/E fell below the 10th percentile of its own history to date (27.8x).
Show 22 earlier events
  1. MarPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
  2. FebPriceVolume reached 22.7x its 50-day median on 2026-02-04; price +8.2% that day.
  3. OctPriceVolume reached 40.6x its 50-day median on 2025-10-09; price +10.2% that day.
  4. AugPriceVolume reached 36.5x its 50-day median on 2025-08-29; price +7.5% that day.
  5. JunDividendDividend payout cut from 5% to 0% of profit.
  6. JunPriceVolume reached 64.1x its 50-day median on 2025-06-30; price -3.4% that day.
  7. JanValuationP/E crossed above the 90th percentile of its own history to date (99.8x).
  8. JanPriceVolume reached 12.7x its 50-day median on 2025-01-08; price -0.3% that day.
  9. DecPriceVolume reached 58.9x its 50-day median on 2024-12-03; price +20.0% that day.
  10. SepPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  11. JulPriceVolume reached 39.5x its 50-day median on 2024-07-16; price +2.2% that day.
  12. JunResultsYear-on-year EPS growth turned negative.
  13. JunValuationP/E crossed above the 90th percentile of its own history to date (91.0x).
  14. JunPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
  15. JunPriceVolume reached 6.2x its 50-day median on 2024-06-25; price +0.1% that day.
  16. FebPriceVolume reached 95.5x its 50-day median on 2024-02-06; price +18.6% that day.
  17. OctPriceVolume reached 10.2x its 50-day median on 2023-10-17; price +8.5% that day.
  18. AugPriceVolume reached 55.7x its 50-day median on 2023-08-21; price -2.1% that day.
  19. JunPeer rankSlipped to the 2nd quartile of Process Industries on EPS growth (from the top quartile).
  20. MayPriceVolume reached 6.9x its 50-day median on 2023-05-15; price +4.3% that day.
  21. JanPriceVolume reached 7.5x its 50-day median on 2023-01-04; price +5.7% that day.
  22. DecPriceRegained the 2022-04 peak, 3 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1144.7x₹2300 cr9.8%9.0%0.6x
2026-1042.4x₹2300 cr9.8%9.0%0.6x
2026-0955.4x₹2300 cr9.8%9.0%0.6x
2026-0855.5x₹2285 cr8.0%9.0%0.6x
2026-0755.6x₹2285 cr8.0%9.0%0.6x
2026-0643.5x₹2285 cr8.0%9.0%0.6x
2026-0546.5x₹2251 cr8.2%10.0%1.0x
2026-0439.8x₹2251 cr8.2%10.0%1.0x
2026-0327.8x₹2251 cr8.2%10.0%1.0x
2026-0235.8x₹2343 cr8.7%10.0%1.0x
2026-0136.7x₹2343 cr8.7%10.0%1.0x
2025-1242.3x₹2343 cr8.7%10.0%1.0x
2025-1145.3x₹2341 cr9.4%10.0%1.0x
2025-1049.2x₹2341 cr9.4%10.0%1.0x
2025-0947.7x₹2341 cr9.4%10.0%1.0x
2025-0849.6x₹2293 cr9.5%10.0%1.0x
2025-0754.6x₹2293 cr9.5%10.0%1.0x
2025-0671.9x₹2293 cr9.5%10.0%1.0x
2025-0574.4x₹2261 cr11.3%10.0%1.2x
2025-0481.9x₹2261 cr11.3%10.0%1.2x
2025-0388.1x₹2261 cr11.3%10.0%1.2x
2025-0298.5x₹2075 cr11.7%10.0%1.2x
2025-0199.8x₹2075 cr11.7%10.0%1.2x
2024-1294.3x₹2075 cr11.7%10.0%1.2x
2024-1179.4x₹1896 cr11.1%10.0%1.2x
2024-1076.9x₹1896 cr11.1%10.0%1.2x
2024-0986.2x₹1896 cr11.1%10.0%1.2x
2024-0899.1x₹1815 cr10.6%10.0%1.2x
2024-0798.9x₹1815 cr10.6%10.0%1.2x
2024-0691.0x₹1815 cr10.6%10.0%1.2x
2024-0556.3x₹2070 cr17.8%16.0%1.3x
2024-0459.5x₹2070 cr17.8%16.0%1.3x
2024-0354.3x₹2070 cr17.8%16.0%1.3x
2024-0274.0x₹2070 cr17.8%16.0%1.3x
2024-0148.5x₹2070 cr17.8%16.0%1.3x
2023-1252.8x₹2070 cr17.8%16.0%1.3x
2023-1158.4x₹2070 cr17.8%16.0%1.3x
2023-1059.9x₹2070 cr17.8%16.0%1.3x
2023-0966.7x₹2070 cr17.8%16.0%1.3x
2023-0868.1x₹2070 cr17.8%16.0%1.3x
2023-0753.8x₹2070 cr17.8%16.0%1.3x
2023-0654.6x₹2070 cr17.8%16.0%1.3x
2023-0562.7x₹2559 cr20.3%19.0%1.1x
2023-0466.4x₹2559 cr20.3%19.0%1.1x
2023-0358.9x₹2559 cr20.3%19.0%1.1x
2023-0255.7x₹2559 cr20.3%19.0%1.1x
2023-0172.7x₹2559 cr20.3%19.0%1.1x
2022-1278.4x₹2559 cr20.3%19.0%1.1x
2022-1165.9x₹2559 cr20.3%19.0%1.1x
2022-1058.3x₹2559 cr20.3%19.0%1.1x
2022-0949.3x₹2559 cr20.3%19.0%1.1x
2022-0838.4x₹2559 cr20.3%19.0%1.1x
2022-0739.6x₹2559 cr20.3%19.0%1.1x
2022-0641.8x₹2559 cr20.3%19.0%1.1x
2022-05118.9x₹1700 cr10.5%10.0%1.1x
2022-04140.0x₹1700 cr10.5%10.0%1.1x
2022-03127.5x₹1700 cr10.5%10.0%1.1x
2022-02132.5x₹1700 cr10.5%10.0%1.1x
2022-01149.0x₹1700 cr10.5%10.0%1.1x
2021-12105.9x₹1700 cr10.5%10.0%1.1x

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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