अApnaFunda

JK LAKSHMI CEMENT LIMITED (JKLAKSHMI)

Non-Energy Minerals · Construction Materials · 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.44 / 100
Profitability 63Growth 34Balance sheet 35
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.24 / 100
Price 23Earnings 39FII/DII 11

Passes these screensCash RichLittle growth priced in

Share price

Closing priceAdjusted for splits and bonus issues.

₹470.55 latest close · −18.8% over the last 90 sessions

₹450₹500₹550Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹450₹500₹550Jul 3Sep 4Nov 9

₹470.55 month-end · −38.0% over 12 months

₹500₹600₹700₹800Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹600₹700₹800Nov '25May '26Nov '26

₹470.55 month-end · −42.4% over 3 years

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

₹470.55 month-end · +57.9% since Jan '19

₹250₹500₹750₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹250₹500₹750₹1,000Jan '19Dec '22Nov '26

52-week range ₹452.65 to ₹883.35 · 1-year volatility 28.3%

Was the rally earned?

-38%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 24.1x to 15.8x); per-share earnings took off 4 points.
  • The share count rose 6%.
Net profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0 ptsNet profit growthP/E change: −34 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−34 ptsP/E changeShare count change: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4 ptsShare count changeShare price: −38%−38%Share priceNet profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: −34 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−34P/EShare count change: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4SharesShare price: −38%−38%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-34 ptsThe P/E fell from 24.1x to 15.8x, which lowers the price.
Share count change-4 ptsShare count rose 6%, which lowers the price.
-42%share price, 3 yearsMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 26.8x to 15.8x); per-share earnings took off 2 points.
  • The share count rose 3%.
Net profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0 ptsNet profit growthP/E change: −41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−41 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: −42%−42%Share priceNet profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: −41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−41P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: −42%−42%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-41 ptsThe P/E fell from 26.8x to 15.8x, which lowers the price.
Share count change-2 ptsShare count rose 3%, which lowers the price.
-26%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings took off 13 points and the multiple took off 13 points (P/E 18.4x to 15.8x).
  • The share count barely moved.
Net profit growth: −11 pts. Points of the price return explained by net profit growing (or shrinking).−11 ptsNet profit growthP/E change: −13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−13 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: −26%−26%Share priceNet profit growth: −11 pts. Points of the price return explained by net profit growing (or shrinking).−11ProfitP/E change: −13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−13P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −26%−26%Share price
Net profit growth-11 ptsNet profit fell about 12%, which lowers the price.
P/E change-13 ptsThe P/E fell from 18.4x to 15.8x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

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

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

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

Compare this with ULTRATECH CEMENT

How rough has the ride been?

Maximum drawdown-55.0%not yet recovered
1-year volatility28.3%annualised
Beta vs sector index0.693-year daily, correlation 0.47
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−55.0% 0%−20%−40%2020202220242026−55.0%
Largest drawdowns

-55.0% (2025-07 peak to 2026-10 low, not yet recovered)

-53.8% (2019-05 peak to 2020-04 low, recovered 2021-03)

-48.8% (2021-09 peak to 2022-05 low, recovered 2022-12)

Most recent volume spikes

2026-08-06: 33.5x the 50-day median, price 0.0% 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?

15.8xP/E todayWithin its usual range
Against its own history22nd percentile
CheapestMedian 20.4xDearest

Usual range 13.8x to 68.4x since 2019-01.

Against Non-Energy Minerals15.8x vs 21.8x
This company
15.8x
Sector median
21.8x

27% below the Non-Energy Minerals median.

8.6x33.2x57.8x82.3xJan '19Aug '20Mar '22Oct '23May '25Nov '268.6x33.2x57.8x82.3xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

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P/S (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals 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 Non-Energy Minerals is valued

Where does it rank among Non-Energy Minerals peers?

Each cell is the company's percentile rank among its Non-Energy Minerals 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

  • ROCE60th▲ 16 pts vs a year ago
  • Op. margin67th▼ 5 pts vs a year ago
  • Revenue growth48th▲ 16 pts vs a year ago
  • EPS growth32nd▼ 4 pts vs a year ago
  • Debt/equity ↓30thflat vs a year ago
  • Cash cycle ↓65th▲ 31 pts vs a year ago
  • P/E ↓68th▲ 16 pts vs a year ago
  • 12M momentum12th▼ 49 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 Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory

What is the price implying?

~10%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 14.5x, a holder earning 12%/yr needs earnings to grow about 10.4%/yr for 10 years, then trade at 15x.

Delivered31.4%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−21.0 ptsimplied minus delivered
Rank780thmost demanding of 856

Over time

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

0%21%43% Jan 2019Nov 2026 0%21%43% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x11.7%12.7%13.7%
15x9.4%10.4%11.4%
20x6.5%7.4%8.4%

Drag a slider to test other assumptions

Implied: 10.4%/yr

Looking back

  • Jan 2020Price implied 28%/yr; EPS has since grown 38%/yr (7.0 yrs)
  • Jan 2021Price implied 24%/yr; EPS has since grown 8%/yr (6.0 yrs)
  • Jan 2022Price implied 23%/yr; EPS has since grown −1%/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 Non-Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹470.55
P/E
15.8x
ROCE
12.0%
Market Cap
₹5839 cr
Revenue (TTM)
₹6927 cr
P/S
0.8x
P/B
1.5x
ROE
9.5%
Operating Margin
14.0%
Debt / Equity
0.7x
Promoter Holding
45.1%
12M Momentum
-38.0%

52-week range

₹452.65₹883.35
4% of the way from its 52-week low to its high

Price risk

1Y volatility
28.3%
Beta vs sector
1-year daily
0.62

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.35x
Share count, 1Y
+5.1%

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance18%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 17.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion2.35xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.35x (cash from operations ₹2,765 cr, net profit ₹1,177 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+2 daysWithin range

Debtor days are above the median of the previous three fiscal years by 2 days (6 vs 4). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress5% of fixed assetsWithin range

Capital work-in-progress is 5% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-13 days / 2 yrsWithin range

Days payable changed by -13 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 1.9 pts; promoters trimmed 1.2 pts; DIIs trimmed 1.1 pts.
  • The number of shareholders rose from 1.2 lakh to 1.7 lakh (+39%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters46.3%45.1%-1.2 pts
FIIs10.5%8.6%-1.9 pts
DIIs27.6%26.6%-1.1 pts
Public and others15.5%19.7%+4.1 pts

Number of shareholders

1.7 lakhshareholders+39% since Sep '23
1.1L1.3L1.5L1.8L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.2 lakh
Dec '23: 1.1 lakh
Mar '24: 1.1 lakh
Jun '24: 1.2 lakh
Sep '24: 1.2 lakh
Dec '24: 1.2 lakh
Mar '25: 1.2 lakh
Jun '25: 1.1 lakh
Sep '25: 1.8 lakh
Dec '25: 1.7 lakh
Mar '26: 1.7 lakh
Jun '26: 1.7 lakh
1.1L1.3L1.5L1.8L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.2 lakh
Dec '23: 1.1 lakh
Mar '24: 1.1 lakh
Jun '24: 1.2 lakh
Sep '24: 1.2 lakh
Dec '24: 1.2 lakh
Mar '25: 1.2 lakh
Jun '25: 1.1 lakh
Sep '25: 1.8 lakh
Dec '25: 1.7 lakh
Mar '26: 1.7 lakh
Jun '26: 1.7 lakh

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

+10.6%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like JK LAKSHMI CEMENT 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 −9% to +34% vs the market, against −4% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +14.7%, 80% range +8.9% to +18.3%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−50%0%+50%+100%
HUHTAMAKI · Aug 2021: −33.7% vs market
UPL · Sep 2023: −31.5% vs market
TNPL · Aug 2020: −30.3% vs market
DOLLAR · Oct 2025: −29.5% vs market
CEATLTD · May 2021: −29.0% vs market
RUPA · Aug 2025: −27.5% vs market
AARTIIND · Jan 2025: −21.1% vs market
GRINFRA · Dec 2022: −21.0% vs market
KIRLOSIND · May 2025: −17.5% vs market
NILKAMAL · Feb 2024: −15.6% vs market
PATELENG · Jun 2025: −12.1% vs market
EVEREADY · Jun 2024: −11.7% vs market
STLTECH · Jan 2022: −10.3% vs market
GMMPFAUDLR · Aug 2024: −6.8% vs market
JKPAPER · Jun 2025: −5.5% vs market
BIRLACORPN · Oct 2024: −1.6% vs market
SOMANYCERA · May 2025: +0.8% vs market
INDOCO · Jul 2024: +1.5% vs market
EPL · Apr 2024: +2.5% vs market
RAJRATAN · Feb 2025: +4.4% vs market
AARTIDRUGS · Jul 2024: +5.4% vs market
SIS · Nov 2022: +7.0% vs market
KNRCON · Oct 2022: +8.0% vs market
VRLLOG · Aug 2024: +8.2% vs market
PRSMJOHNSN · Apr 2022: +10.3% vs market
SUDARSCHEM · Dec 2022: +10.9% vs market
GODREJAGRO · Aug 2023: +10.9% vs market
SHK · Jul 2023: +11.3% vs market
JUBLPHARMA · Dec 2022: +14.6% vs market
RPSGVENT · Mar 2023: +14.8% vs market
PNCINFRA · Sep 2022: +18.8% vs market
LUXIND · Mar 2024: +23.6% vs market
BALRAMCHIN · Feb 2024: +24.2% vs market
RKFORGE · Oct 2025: +25.9% vs market
BANARISUG · Jul 2021: +26.6% vs market
APOLLOTYRE · Jun 2020: +27.5% vs market
CEIGALL · Aug 2025: +29.2% vs market
FSL · Jan 2023: +36.2% vs market
GVT&D · Mar 2022: +37.0% vs market
SANSERA · Nov 2023: +46.2% vs market
INDIANHUME · Jul 2022: +48.4% vs market
TCI · Jun 2020: +50.9% vs market
KCP · May 2020: +54.0% vs market
GREENPLY · Aug 2023: +61.5% vs market
TVSSRICHAK · Apr 2022: +68.6% vs market
NCC · Apr 2022: +77.1% vs market
GLENMARK · Jul 2022: +80.3% vs market
PURVA · Oct 2020: +83.4% vs market
MAHSEAMLES · Jun 2021: +112.2% vs market
KIRLOSENG · Jul 2022: +139.5% vs market
Similar setups +10.6%All companies −4.1%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
+10.6%
All companies' median
−4.1%
Beat the market
68% vs 45%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BIRLACORPN
Non-Energy Minerals
Oct 2024 23x9% −8%−34% −2%
CEATLTD
Consumer Durables
May 2021 23x10% +63%−21% −29%
EPL
Process Industries
Apr 2024 26x12% +4%−21% +3%
SUDARSCHEM
Process Industries
Dec 2022 21x13% −30%−38% +11%
INDOCO
Health Technology
Jul 2024 31x10% +5%−19% +2%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GRINFRA
Industrial Services
Dec 2022 13x16% −35%−42% −21%
GMMPFAUDLR
Producer Manufacturing
Aug 2024 35x19% −13%−27% −7%
SOMANYCERA
Producer Manufacturing
May 2025 28x14% −33%−43% +1%
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, ROCE and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to JK LAKSHMI CEMENT 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.

JK PAPERJKPAPER
Process Industries
68%similar
revenuemarket cap
AARTI DRUGSAARTIDRUGS
Health Technology
66%similar
operating marginROCE
CESCCESC
Utilities
65%similar
volatilityROCE
Process Industries
63%similar
volatilityrevenue growth
Process Industries
62%similar
revenue growthEPS growth
Non-Energy Minerals
69%similar
revenuemarket cap
TATA STEELTATASTEEL
Non-Energy Minerals
59%similar
volatilityROCE
DALMIA BHARATDALBHARAT
Non-Energy Minerals
57%similar
EPS growthrevenue growth

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

What changed?

30 events since Dec '23

  1. OctPriceFell 55% from the Jul 2025 peak to the Oct 2026 low.
  2. SepResultsYear-on-year EPS growth turned negative.
  3. SepPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on EPS growth (from the 2nd quartile).
  4. AugPriceVolume reached 33.5x its 50-day median on 2026-08-06; price +0.0% that day.
  5. JulPeer rankSlipped to the 2nd quartile of Non-Energy Minerals on EPS growth (from the top quartile).
  6. JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
  7. JunSharesShare count is up 5.1% over 12 months.
  8. MayPriceVolume reached 16.4x its 50-day median on 2026-05-21; price -2.6% that day.
Show 22 earlier events
  1. FebPriceVolume reached 6.5x its 50-day median on 2026-02-10; price +1.7% that day.
  2. DecResultsYear-on-year EPS growth turned positive.
  3. DecPeer rankMoved into the top quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).
  4. NovPriceVolume reached 8.4x its 50-day median on 2025-11-04; price -2.4% that day.
  5. SepPeer rankSlipped to the 2nd quartile of Non-Energy Minerals on operating margin (from the top quartile).
  6. JulPriceRegained the 2024-02 peak, 5 months after the low.
  7. JulPriceVolume reached 13.5x its 50-day median on 2025-07-01; price +5.9% that day.
  8. JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
  9. MayPriceVolume reached 9.0x its 50-day median on 2025-05-23; price +4.1% that day.
  10. MarPeer rankMoved into the 2nd quartile of Non-Energy Minerals on operating margin (from the 3rd quartile).
  11. FebPriceFell 30% from the Feb 2024 peak to the Feb 2025 low.
  12. FebPriceVolume reached 18.0x its 50-day median on 2025-02-28; price -3.1% that day.
  13. DecResultsYear-on-year EPS growth turned negative.
  14. DecPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
  15. OctPriceVolume reached 8.2x its 50-day median on 2024-10-07; price +2.8% that day.
  16. SepPeer rankSlipped to the 2nd quartile of Non-Energy Minerals on operating margin (from the top quartile).
  17. SepPriceVolume reached 7.5x its 50-day median on 2024-09-30; price +0.3% that day.
  18. JunResultsYear-on-year EPS growth turned positive.
  19. JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).
  20. JunPriceVolume reached 15.7x its 50-day median on 2024-06-27; price +2.9% that day.
  21. FebPriceVolume reached 20.7x its 50-day median on 2024-02-09; price +2.0% that day.
  22. DecPriceRegained the 2022-12 peak, 5 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
2026-1115.8x₹6927 cr9.5%12.0%0.7x
2026-1015.2x₹6927 cr9.5%12.0%0.7x
2026-0916.5x₹6927 cr9.5%12.0%0.7x
2026-0815.7x₹6763 cr10.6%12.0%0.7x
2026-0716.7x₹6763 cr10.6%12.0%0.7x
2026-0617.9x₹6763 cr10.6%12.0%0.7x
2026-0515.2x₹6759 cr13.0%10.0%0.7x
2026-0416.6x₹6759 cr13.0%10.0%0.7x
2026-0314.4x₹6759 cr13.0%10.0%0.7x
2026-0217.6x₹6668 cr13.5%10.0%0.7x
2026-0119.1x₹6668 cr13.5%10.0%0.7x
2025-1219.2x₹6668 cr13.5%10.0%0.7x
2025-1124.1x₹6370 cr10.4%10.0%0.7x
2025-1027.7x₹6370 cr10.4%10.0%0.7x
2025-0927.3x₹6370 cr10.4%10.0%0.7x
2025-0839.2x₹6193 cr7.8%10.0%0.7x
2025-0741.3x₹6193 cr7.8%10.0%0.7x
2025-0638.2x₹6193 cr7.8%10.0%0.7x
2025-0538.6x₹6076 cr8.0%17.0%0.6x
2025-0435.4x₹6076 cr8.0%17.0%0.6x
2025-0335.3x₹6076 cr8.0%17.0%0.6x
2025-0224.2x₹6282 cr10.3%17.0%0.6x
2025-0129.0x₹6282 cr10.3%17.0%0.6x
2024-1230.1x₹6282 cr10.3%17.0%0.6x
2024-1120.4x₹6623 cr14.2%17.0%0.6x
2024-1021.2x₹6623 cr14.2%17.0%0.6x
2024-0920.2x₹6623 cr14.2%17.0%0.6x
2024-0819.6x₹6789 cr14.9%17.0%0.6x
2024-0722.1x₹6789 cr14.9%17.0%0.6x
2024-0622.0x₹6789 cr14.9%17.0%0.6x
2024-0525.7x₹6452 cr13.2%14.0%0.7x
2024-0426.1x₹6452 cr13.2%14.0%0.7x
2024-0328.7x₹6452 cr13.2%14.0%0.7x
2024-0230.1x₹6452 cr13.2%14.0%0.7x
2024-0130.7x₹6452 cr13.2%14.0%0.7x
2023-1229.5x₹6452 cr13.2%14.0%0.7x
2023-1126.8x₹6452 cr13.2%14.0%0.7x
2023-1022.5x₹6452 cr13.2%14.0%0.7x
2023-0921.2x₹6452 cr13.2%14.0%0.7x
2023-0822.1x₹6452 cr13.2%14.0%0.7x
2023-0720.0x₹6452 cr13.2%14.0%0.7x
2023-0623.6x₹6452 cr13.2%14.0%0.7x
2023-0516.8x₹5420 cr19.1%19.0%0.8x
2023-0419.9x₹5420 cr19.1%19.0%0.8x
2023-0320.1x₹5420 cr19.1%19.0%0.8x
2023-0217.1x₹5420 cr19.1%19.0%0.8x
2023-0118.7x₹5420 cr19.1%19.0%0.8x
2022-1220.7x₹5420 cr19.1%19.0%0.8x
2022-1118.1x₹5420 cr19.1%19.0%0.8x
2022-1014.0x₹5420 cr19.1%19.0%0.8x
2022-0914.9x₹5420 cr19.1%19.0%0.8x
2022-0812.0x₹5420 cr19.1%19.0%0.8x
2022-0711.2x₹5420 cr19.1%19.0%0.8x
2022-0610.7x₹5420 cr19.1%19.0%0.8x
2022-0512.9x₹4727 cr20.1%20.0%0.8x
2022-0412.8x₹4727 cr20.1%20.0%0.8x
2022-0313.8x₹4727 cr20.1%20.0%0.8x
2022-0213.0x₹4727 cr20.1%20.0%0.8x
2022-0116.3x₹4727 cr20.1%20.0%0.8x
2021-1216.8x₹4727 cr20.1%20.0%0.8x

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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