Share price
₹381.1 latest close · −17.9% over the last 90 sessions
₹381.1 month-end · −19.0% over 12 months
₹381.1 month-end · +97.2% since Jun '22
52-week range ₹373.95 to ₹534.00 · 1-year volatility 30.8%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-50.6% (2020-01 peak to 2020-03 low, recovered 2020-08)
-39.4% (2021-08 peak to 2022-02 low, recovered 2022-11)
-28.0% (2023-08 peak to 2026-11 low, not yet recovered)
Most recent volume spikes
2026-09-09: 10.2x the 50-day median, price +1.6% that day
2026-08-21: 8x the 50-day median, price -0.6% that day
2026-08-17: 8.7x the 50-day median, price +0.2% 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?
Usual range 10.3x to 18.3x since 2022-06.
18% below the Non-Energy Minerals 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 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
- ROCE64th
- Op. margin58th
- Revenue growth98th
- EPS growth79th
- Debt/equity ↓56th
- Cash cycle ↓70th
- P/E ↓61st
- 12M momentum41st
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?
At a P/E of 17.1x, the price would imply about 12.0%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“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
- ₹381.10
- P/E
- 17.9x
- ROCE
- 13.0%
- Market Cap
- ₹6301 cr
- Revenue (TTM)
- ₹6962 cr
- P/S
- 0.9x
- P/B
- 1.6x
- ROE
- 9.1%
- Operating Margin
- 12.0%
- Debt / Equity
- 0.3x
- Promoter Holding
- 50.8%
- 12M Momentum
- -19.0%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance5%Within range
Other income as a share of pre-tax profit (trailing twelve months): 4.9%. 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 conversion1.97xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 1.97x (cash from operations ₹2,161 cr, net profit ₹1,099 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—Not enough data
Not enough reported data to compute this.
Capital work in progress9% of fixed assetsWithin range
Capital work-in-progress is 9% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
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.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
21 events since Feb '20
- NovPriceFell 28% from the Aug 2023 peak to the Nov 2026 low.
- AugPriceVolume reached 12.0x its 50-day median on 2026-08-05; price -0.6% that day.
- JunPriceVolume reached 98.8x its 50-day median on 2026-06-18; price +6.6% that day.
- AprResultsRevenue (TTM) reached a new high of ₹6,808 cr.
- JulPriceVolume reached 6.7x its 50-day median on 2023-07-27; price +4.7% that day.
- JunResultsRevenue (TTM) reached a new high of ₹6,417 cr.
- JunDebtDebt / equity halved over 12 months to 0.32x.
- JunPriceVolume reached 11.8x its 50-day median on 2023-06-13; price +9.2% that day.
Show 13 earlier events
- NovPriceRegained the 2021-08 peak, 9 months after the low.
- OctPriceVolume reached 10.9x its 50-day median on 2022-10-03; price +3.6% that day.
- AugPriceVolume reached 13.9x its 50-day median on 2022-08-12; price +8.8% that day.
- FebPriceFell 39% from the Aug 2021 peak to the Feb 2022 low.
- FebPriceVolume reached 22.8x its 50-day median on 2022-02-01; price +3.3% that day.
- JulPriceVolume reached 9.2x its 50-day median on 2021-07-26; price +6.4% that day.
- JunPriceVolume reached 12.1x its 50-day median on 2021-06-29; price +11.9% that day.
- NovPriceVolume reached 27.9x its 50-day median on 2020-11-18; price +10.3% that day.
- AugPriceRegained the 2020-01 peak, 5 months after the low.
- JulPriceVolume reached 10.3x its 50-day median on 2020-07-06; price +4.8% that day.
- JunPriceVolume reached 45.4x its 50-day median on 2020-06-09; price +5.9% that day.
- MarPriceFell 51% from the Jan 2020 peak to the Mar 2020 low.
- FebPriceVolume reached 15.2x its 50-day median on 2020-02-06; price -0.3% that day.
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 history54 months · 2022-06 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 17.9x | ₹6962 cr | 9.1% | 13.0% | 0.3x |
| 2026-10 | 20.5x | ₹6962 cr | 9.1% | 13.0% | 0.3x |
| 2026-09 | 22.0x | ₹6962 cr | 9.1% | 13.0% | 0.3x |
| 2026-08 | 14.7x | ₹6888 cr | 13.2% | 13.0% | 0.3x |
| 2026-07 | 15.4x | ₹6888 cr | 13.2% | 13.0% | 0.3x |
| 2026-06 | 15.0x | ₹6888 cr | 13.2% | 13.0% | 0.3x |
| 2026-05 | 15.1x | ₹6808 cr | 13.8% | 12.0% | 0.4x |
| 2026-04 | 15.1x | ₹6808 cr | 13.8% | 12.0% | 0.4x |
| 2026-03 | — | — | — | — | — |
| 2026-02 | — | — | — | — | — |
| 2026-01 | — | — | — | — | — |
| 2025-12 | — | — | — | — | — |
| 2025-11 | — | — | — | — | — |
| 2025-10 | — | — | — | — | — |
| 2025-09 | — | — | — | — | — |
| 2025-08 | — | — | — | — | — |
| 2025-07 | — | — | — | — | — |
| 2025-06 | — | — | — | — | — |
| 2025-05 | — | — | — | — | — |
| 2025-04 | — | — | — | — | — |
| 2025-03 | — | — | — | — | — |
| 2025-02 | — | — | — | — | — |
| 2025-01 | — | — | — | — | — |
| 2024-12 | — | — | — | — | — |
| 2024-11 | — | — | — | — | — |
| 2024-10 | — | — | — | — | — |
| 2024-09 | — | — | — | — | — |
| 2024-08 | — | — | — | — | — |
| 2024-07 | — | — | — | — | — |
| 2024-06 | — | — | — | — | — |
| 2024-05 | — | — | — | — | — |
| 2024-04 | — | — | — | — | — |
| 2024-03 | — | — | — | — | — |
| 2024-02 | — | — | — | — | — |
| 2024-01 | — | — | — | — | — |
| 2023-12 | — | — | — | — | — |
| 2023-11 | — | — | — | — | — |
| 2023-10 | 14.4x | ₹6417 cr | 14.5% | 18.0% | 0.3x |
| 2023-09 | 15.3x | ₹6417 cr | 14.5% | 18.0% | 0.3x |
| 2023-08 | 15.0x | ₹6417 cr | 14.5% | 18.0% | 0.3x |
| 2023-07 | 16.5x | ₹6417 cr | 14.5% | 18.0% | 0.3x |
| 2023-06 | 14.9x | ₹6417 cr | 14.5% | 18.0% | 0.3x |
| 2023-05 | 17.5x | ₹3748 cr | 17.0% | — | 0.7x |
| 2023-04 | 16.5x | ₹3748 cr | 17.0% | — | 0.7x |
| 2023-03 | 18.6x | ₹3748 cr | 17.0% | — | 0.7x |
| 2023-02 | 17.3x | ₹3748 cr | 17.0% | — | 0.7x |
| 2023-01 | 15.1x | ₹3748 cr | 17.0% | — | 0.7x |
| 2022-12 | 14.2x | ₹3748 cr | 17.0% | — | 0.7x |
| 2022-11 | 12.7x | ₹3748 cr | 17.0% | — | 0.7x |
| 2022-10 | 10.4x | ₹3748 cr | 17.0% | — | 0.7x |
| 2022-09 | 10.6x | ₹3748 cr | 17.0% | — | 0.7x |
| 2022-08 | 10.2x | ₹3748 cr | 17.0% | — | 0.7x |
| 2022-07 | 8.1x | ₹3748 cr | 17.0% | — | 0.7x |
| 2022-06 | 7.7x | ₹3748 cr | 17.0% | — | 0.7x |