Share price
₹13.21 latest close · +20.1% over the last 90 sessions
₹13.21 month-end · +141.1% over 12 months
₹13.21 month-end · −90.5% over 3 years
₹13.21 month-end · −78.3% since Jan '19
52-week range ₹4.55 to ₹14.26 · 1-year volatility 61.5%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-98.7% (2024-12 peak to 2025-04 low, not yet recovered)
-79.3% (2019-01 peak to 2020-03 low, recovered 2021-03)
-48.6% (2021-08 peak to 2022-06 low, recovered 2023-08)
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
- ROCE3rd▼ 4 pts vs a year ago
- Op. margin4thflat vs a year ago
- Revenue growth37th▲ 9 pts vs a year ago
- EPS growth3rd
- Debt/equity ↓32nd▼ 12 pts vs a year ago
- Cash cycle ↓68thflat vs a year ago
- P/E ↓83rd
- 12M momentum100th▲ 99 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 Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory
What is the price implying?
Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Non-Energy Minerals The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹13.21
- ROCE
- -8.0%
- Market Cap
- ₹412 cr
- Revenue (TTM)
- ₹265 cr
- P/S
- 1.6x
- P/B
- 1.1x
- ROE
- -2.4%
- Operating Margin
- -13.0%
- Debt / Equity
- 0.6x
- Promoter Holding
- 43.3%
- 12M Momentum
- 141.1%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance—Not enough data
Not enough reported data to compute this.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion-0.03xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -0.03x (cash from operations ₹-147 cr, net profit ₹5,096 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 (43 vs 46). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress1% of fixed assetsWithin range
Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-2113 days / 2 yrsWithin range
Days payable changed by -2113 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, DIIs trimmed 9.4 pts; FIIs trimmed 7.0 pts.
- The number of shareholders rose from 91,486 to 1.1 lakh (+17%) 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 KESORAM INDUSTRIES 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 −35% to +22% vs the market, against −2% for all non-financial companies in the same months.
- The analogs' median sat below that base rate (gap −7.4%, 80% range −16.0% to −3.3%), but the matches cluster in only 6 distinct 12-month windows.
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 · 3 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 33 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ONEPOINT Commercial Services |
Dec 2021 | — | -11% | +329% | 0% | +40% |
| NITCO Producer Manufacturing |
Oct 2024 | — | -14% | +443% | −1% | −11% |
| ASAL Producer Manufacturing |
Dec 2021 | — | -14% | +2430% | 0% | −46% |
| PGEL Electronic Technology |
Oct 2020 | — | 1% | +155% | −5% | +196% |
| ATULAUTO Consumer Durables |
Apr 2023 | — | -6% | +106% | −9% | −7% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| DWARKESH Process Industries |
Mar 2022 | — | — | +308% | −3% | −28% |
| SDBL Consumer Non-Durables |
Nov 2022 | — | 1% | +264% | −2% | +84% |
| KANORICHEM Process Industries |
Apr 2021 | — | -1% | +298% | −3% | −18% |
How reliable is this?
Matched on P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: interest cover, drawdown from 12-month high and debt/equity. Not used (unavailable for this company): P/E. This company is loss-making, so it was only compared with loss-making companies. 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?
23 events since Mar '20
- MarInstitutionsFII + DII holding fell 4.7 pts over 2 quarters to 4.2%.
- FebDebtDebt / equity halved over 12 months to 0.44x.
- JulDebtDebt / equity halved over 12 months to 0.44x.
- JunInstitutionsFII + DII holding fell 5.9 pts over 2 quarters to 18.7%.
- JunDebtDebt / equity fell below 1.0x (0.44x).
- AprPriceFell 99% from the Dec 2024 peak to the Apr 2025 low.
- SepInstitutionsFII + DII holding rose 4.2 pts over 2 quarters to 24.7%.
- JunPeer rankSlipped to the bottom quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
Show 15 earlier events
- NovPriceRegained the 2023-09 peak, 1 month after the low.
- OctPriceFell 30% from the Sep 2023 peak to the Oct 2023 low.
- AugPriceRegained the 2021-08 peak, 14 months after the low.
- JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
- JunSharesShare count is up 27.5% over 12 months.
- JanDebtDebt / equity halved over 12 months to 3.73x.
- JunResultsEPS (TTM) turned negative.
- JunPriceFell 49% from the Aug 2021 peak to the Jun 2022 low.
- JunDebtDebt / equity halved over 12 months to 3.73x.
- JunResultsEPS (TTM) turned positive.
- JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
- JunSharesShare count is up 15.4% over 12 months.
- MarPriceRegained the 2019-01 peak, 12 months after the low.
- JunPeer rankMoved into the 3rd quartile of Non-Energy Minerals on ROCE (from the bottom quartile).
- MarPriceFell 79% from the Jan 2019 peak to the Mar 2020 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 history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | — | ₹265 cr | -2.4% | -8.0% | 0.6x |
| 2026-10 | — | ₹265 cr | -2.4% | -8.0% | 0.6x |
| 2026-09 | — | ₹265 cr | -2.4% | -8.0% | 0.6x |
| 2026-08 | — | ₹248 cr | -23.8% | -8.0% | 0.6x |
| 2026-07 | — | ₹248 cr | -23.8% | -8.0% | 0.6x |
| 2026-06 | — | ₹248 cr | -23.8% | -8.0% | 0.6x |
| 2026-05 | — | ₹248 cr | — | -5.0% | 0.4x |
| 2026-04 | — | ₹248 cr | — | -5.0% | 0.4x |
| 2026-03 | — | ₹248 cr | — | -5.0% | 0.4x |
| 2026-02 | — | ₹248 cr | — | -5.0% | 0.4x |
| 2026-01 | — | ₹248 cr | — | -5.0% | 0.4x |
| 2025-12 | — | ₹248 cr | — | -5.0% | 0.4x |
| 2025-11 | — | ₹252 cr | — | -5.0% | 0.4x |
| 2025-10 | — | ₹252 cr | — | -5.0% | 0.4x |
| 2025-09 | — | ₹252 cr | — | -5.0% | 0.4x |
| 2025-08 | — | ₹258 cr | — | -5.0% | 0.4x |
| 2025-07 | — | ₹258 cr | — | -5.0% | 0.4x |
| 2025-06 | — | ₹258 cr | — | -5.0% | 0.4x |
| 2025-05 | — | ₹261 cr | -464.2% | -2.0% | 23.9x |
| 2025-04 | — | ₹261 cr | -464.2% | -2.0% | 23.9x |
| 2025-03 | — | ₹261 cr | -464.2% | -2.0% | 23.9x |
| 2025-02 | — | ₹262 cr | -443.2% | -2.0% | 23.9x |
| 2025-01 | — | ₹262 cr | -443.2% | -2.0% | 23.9x |
| 2024-12 | — | ₹262 cr | -443.2% | -2.0% | 23.9x |
| 2024-11 | — | ₹263 cr | -431.6% | -2.0% | 23.9x |
| 2024-10 | — | ₹263 cr | -431.6% | -2.0% | 23.9x |
| 2024-09 | — | ₹263 cr | -431.6% | -2.0% | 23.9x |
| 2024-08 | — | ₹1195 cr | -401.1% | -2.0% | 23.9x |
| 2024-07 | — | ₹1195 cr | -401.1% | -2.0% | 23.9x |
| 2024-06 | — | ₹1195 cr | -401.1% | -2.0% | 23.9x |
| 2024-05 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2024-04 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2024-03 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2024-02 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2024-01 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2023-12 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2023-11 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2023-10 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2023-09 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2023-08 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2023-07 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2023-06 | — | ₹3778 cr | -40.9% | 10.0% | 4.1x |
| 2023-05 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2023-04 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2023-03 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2023-02 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2023-01 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2022-12 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2022-11 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2022-10 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2022-09 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2022-08 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2022-07 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2022-06 | — | ₹3606 cr | -15.1% | 19.0% | 3.7x |
| 2022-05 | 9.3x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2022-04 | 10.6x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2022-03 | 9.1x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2022-02 | 9.4x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2022-01 | 11.3x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2021-12 | 10.7x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2021-11 | 9.8x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2021-10 | 11.1x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2021-09 | 11.1x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2021-08 | 11.8x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2021-07 | 14.2x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2021-06 | 13.8x | ₹2653 cr | 70.7% | 15.0% | 10.3x |
| 2021-05 | — | ₹2646 cr | — | 6.0% | — |
| 2021-04 | — | ₹2646 cr | — | 6.0% | — |
| 2021-03 | — | ₹2646 cr | — | 6.0% | — |
| 2021-02 | — | ₹2646 cr | — | 6.0% | — |
| 2021-01 | — | ₹2646 cr | — | 6.0% | — |
| 2020-12 | — | ₹2646 cr | — | 6.0% | — |
| 2020-11 | — | ₹2646 cr | — | 6.0% | — |
| 2020-10 | — | ₹2646 cr | — | 6.0% | — |
| 2020-09 | — | ₹2646 cr | — | 6.0% | — |
| 2020-08 | — | ₹2646 cr | — | 6.0% | — |
| 2020-07 | — | ₹2646 cr | — | 6.0% | — |
| 2020-06 | — | ₹2646 cr | — | 6.0% | — |
| 2020-05 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2020-04 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2020-03 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2020-02 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2020-01 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2019-12 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2019-11 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2019-10 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2019-09 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2019-08 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2019-07 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2019-06 | — | ₹2904 cr | -321.2% | 0.0% | 28.2x |
| 2019-05 | — | ₹3873 cr | -109.7% | -1.0% | 7.8x |
| 2019-04 | — | ₹3873 cr | -109.7% | -1.0% | 7.8x |
| 2019-03 | — | ₹3873 cr | -109.7% | -1.0% | 7.8x |
| 2019-02 | — | ₹3873 cr | -109.7% | -1.0% | 7.8x |
| 2019-01 | — | ₹3873 cr | -109.7% | -1.0% | 7.8x |