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KAVERI SEED COMPANY LTD (KSCL)

Process Industries · Agricultural Commodities/Milling · 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.79 / 100
Profitability 85Growth 51Balance sheet 100
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.28 / 100
Price 40Earnings 30FII/DII 14

Passes these screensDebt-light & profitable

Compare withPATANJALI FOODSGODREJ INDUSTRIESAWL AGRI BUSINESS

Share price

Closing priceAdjusted for splits and bonus issues.

₹689.85 latest close · −25.0% over the last 90 sessions

₹700₹800₹900Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹700₹800₹900Jul 3Sep 4Nov 9

₹689.85 month-end · −30.6% over 12 months

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

₹689.85 month-end · +13.9% over 3 years

₹1,000₹1,500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹1,000₹1,500Nov '23May '25Nov '26

₹689.85 month-end · +14.8% since Jan '19

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

52-week range ₹642.95 to ₹1095.90 · 1-year volatility 37.6%

Was the rally earned?

-31%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 20 points, while the multiple moved less (P/E 16.1x to 14.2x).
  • The share count barely moved.
Net profit growth: −20 pts. Points of the price return explained by net profit growing (or shrinking).−20 ptsNet profit growthP/E change: −10 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−10 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: −31%−31%Share priceNet profit growth: −20 pts. Points of the price return explained by net profit growing (or shrinking).−20ProfitP/E change: −10 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−10P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −31%−31%Share price
Net profit growth-20 ptsNet profit fell about 22%, which lowers the price.
P/E change-10 ptsThe P/E fell from 16.1x to 14.2x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+14%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 12.5x to 14.2x); per-share earnings took off 0 points.
  • The share count fell 8%.
Net profit growth: −10 pts. Points of the price return explained by net profit growing (or shrinking).−10 ptsNet profit growthP/E change: +14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+14 ptsP/E changeShare count change: +9 pts. Points of the price return explained by the share count changing. More shares count against the price.+9 ptsShare count changeShare price: +14%+14%Share priceNet profit growth: −10 pts. Points of the price return explained by net profit growing (or shrinking).−10ProfitP/E change: +14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+14P/EShare count change: +9 pts. Points of the price return explained by the share count changing. More shares count against the price.+9SharesShare price: +14%+14%Share price
Net profit growth-10 ptsNet profit fell about 9%, which lowers the price.
P/E change+14 ptsThe P/E rose from 12.5x to 14.2x, which lifts the price.
Share count change+9 ptsShare count fell 8%, which lifts the price.
+38%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 9.7x to 14.2x); per-share earnings took off 7 points.
  • The share count fell 15%.
Net profit growth: −26 pts. Points of the price return explained by net profit growing (or shrinking).−26 ptsNet profit growthP/E change: +45 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+45 ptsP/E changeShare count change: +19 pts. Points of the price return explained by the share count changing. More shares count against the price.+19 ptsShare count changeShare price: +38%+38%Share priceNet profit growth: −26 pts. Points of the price return explained by net profit growing (or shrinking).−26ProfitP/E change: +45 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+45P/EShare count change: +19 pts. Points of the price return explained by the share count changing. More shares count against the price.+19SharesShare price: +38%+38%Share price
Net profit growth-26 ptsNet profit fell about 20%, which lowers the price.
P/E change+45 ptsThe P/E rose from 9.7x to 14.2x, which lifts the price.
Share count change+19 ptsShare count fell 15%, which lifts 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 PATANJALI FOODS

How rough has the ride been?

Maximum drawdown-58.0%not yet recovered
1-year volatility37.6%annualised
Beta vs sector index0.933-year daily, correlation 0.39
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−58.0% 0%−20%−40%−60%2020202220242026−58.0%
Largest drawdowns

-58.0% (2025-04 peak to 2026-10 low, not yet recovered)

-50.7% (2019-01 peak to 2020-03 low, recovered 2020-06)

-46.1% (2021-05 peak to 2022-10 low, recovered 2024-04)

Most recent volume spikes

2026-09-28: 13x the 50-day median, price -4.4% that day

2026-09-25: 125.2x the 50-day median, price +2.6% that day

2026-09-24: 271.6x the 50-day median, price +10.3% 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?

14.2xP/E todayWithin its usual range
Against its own history61st percentile
CheapestMedian 13.8xDearest

Usual range 11.1x to 17.7x since 2019-01.

Against Process Industries14.2x vs 18.1x
This company
14.2x
Sector median
18.1x

21% below the Process Industries median.

6.8x15.4x24.1x32.7xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x15.4x24.1x32.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

The chart loads when you open this tab.

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

  • ROCE70th▼ 11 pts vs a year ago
  • Op. margin99thflat vs a year ago
  • Revenue growth35th▼ 8 pts vs a year ago
  • EPS growth23rd▼ 30 pts vs a year ago
  • Debt/equity ↓98thflat vs a year ago
  • Cash cycle ↓4thflat vs a year ago
  • P/E ↓61st▼ 3 pts vs a year ago
  • 12M momentum18th▼ 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?

~10%annual earnings growth implied by the priceIn line with delivered growth

At normalised P/E (five-year average earnings) of 13.0x, a holder earning 12%/yr needs earnings to grow about 9.7%/yr for 10 years, then trade at 15x.

Delivered12.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−2.9 ptsimplied minus delivered
Rank586thmost demanding of 856

Over time

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

0%9%19% Jan 2019Nov 2026 0%9%19% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x11.0%12.0%13.0%
15x8.7%9.7%10.6%
20x5.7%6.6%7.6%

Drag a slider to test other assumptions

Implied: 9.7%/yr

Looking back

  • Jan 2020Price implied 12%/yr; EPS has since grown 9%/yr (7.0 yrs)
  • Jan 2021Price implied 13%/yr; EPS has since grown 5%/yr (6.0 yrs)
  • Jan 2022Price implied 12%/yr; EPS has since grown 3%/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
₹689.85
P/E
14.2x
ROCE
16.0%
Market Cap
₹3549 cr
Revenue (TTM)
₹1279 cr
P/S
2.8x
P/B
2.0x
ROE
14.2%
Operating Margin
39.6%
Debt / Equity
0.0x
Promoter Holding
60.5%
12M Momentum
-30.6%

52-week range

₹642.95₹1095.90
10% of the way from its 52-week low to its high

Price risk

1Y volatility
37.6%
Beta vs sector
1-year daily
0.86

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
0.66x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range3 near a threshold
Other income reliance9%Within range

Other income as a share of pre-tax profit (trailing twelve months): 9.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate6%Near threshold

Median quarterly effective tax rate over about 2.5 years: 6.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.66xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.66x (cash from operations ₹580 cr, net profit ₹878 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-7 daysWithin range

Debtor days are below the median of the previous three fiscal years by 7 days (29 vs 36). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress30% of fixed assetsWithin range

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

Payable days+86 days / 2 yrsNear threshold

Days payable changed by +86 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, DIIs trimmed 3.3 pts; FIIs added 1.2 pts; promoters added 0.6 pts.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters59.9%60.5%+0.6 pts
FIIs16.3%17.5%+1.3 pts
DIIs6.8%3.5%-3.3 pts
Public and others15.6%17.7%+2.1 pts

Number of shareholders

56,948shareholders+0% since Sep '23
49k54k60k65k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 56,829
Dec '23: 49,174
Mar '24: 52,447
Jun '24: 49,074
Sep '24: 56,652
Dec '24: 57,457
Mar '25: 54,560
Jun '25: 64,905
Sep '25: 58,095
Dec '25: 56,062
Mar '26: 56,781
Jun '26: 56,948
 49k54k60k65k Sep '23Sep '24Sep '25Jun '26
Sep '23: 56,829
Dec '23: 49,174
Mar '24: 52,447
Jun '24: 49,074
Sep '24: 56,652
Dec '24: 57,457
Mar '25: 54,560
Jun '25: 64,905
Sep '25: 58,095
Dec '25: 56,062
Mar '26: 56,781
Jun '26: 56,948

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

−3.5%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like KAVERI SEED COMPANY 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 −20% to +40% vs the market, against +3% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −6.2%, 80% range −14.7% to −2.0%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ZEEL · Apr 2023: −49.5% vs market
SHARDACROP · Jun 2023: −45.0% vs market
MAHEPC · Jun 2021: −37.9% vs market
LAOPALA · Oct 2025: −33.4% vs market
NUCLEUS · Aug 2025: −31.9% vs market
ADOR · May 2024: −26.1% vs market
GUJALKALI · Jun 2020: −25.7% vs market
BALMLAWRIE · Apr 2021: −24.8% vs market
GMDCLTD · Jan 2020: −24.4% vs market
EXCELINDUS · Dec 2020: −22.6% vs market
INDNIPPON · Dec 2020: −21.9% vs market
SREEL · Aug 2020: −21.3% vs market
BAJAJCON · Jan 2024: −20.1% vs market
SANOFI · Aug 2024: −18.1% vs market
MAZDA · Apr 2025: −16.2% vs market
TECHNOE · Oct 2020: −15.7% vs market
VESUVIUS · Nov 2020: −14.1% vs market
NOCIL · Sep 2023: −12.2% vs market
ELDEHSG · Nov 2023: −11.8% vs market
HONDAPOWER · Mar 2024: −11.7% vs market
ANTELOPUS · Jul 2020: −10.7% vs market
ADVENZYMES · Oct 2025: −9.6% vs market
TVTODAY · Aug 2021: −9.0% vs market
UNITEDTEA · Mar 2021: −8.2% vs market
SANDESH · Apr 2021: −3.9% vs market
MOIL · Nov 2020: −3.1% vs market
SESHAPAPER · Jul 2021: −2.0% vs market
FDC · Feb 2022: −1.7% vs market
CARERATING · Mar 2021: +0.5% vs market
ACC · Feb 2023: +1.7% vs market
FINCABLES · Oct 2020: +5.6% vs market
WONDERLA · Apr 2021: +7.6% vs market
GANDHITUBE · May 2020: +8.7% vs market
AVANTIFEED · Jul 2023: +13.1% vs market
STARCEMENT · Dec 2021: +13.8% vs market
BEPL · Aug 2023: +20.7% vs market
GPPL · Apr 2022: +32.5% vs market
SASKEN · Apr 2020: +42.8% vs market
DELTACORP · Feb 2021: +48.4% vs market
LMW · Apr 2020: +60.2% vs market
QUICKHEAL · Nov 2022: +72.5% vs market
ECLERX · May 2020: +82.4% vs market
VIMTALABS · Jun 2024: +85.3% vs market
RAILTEL · Aug 2022: +89.2% vs market
MAITHANALL · Mar 2021: +99.9% vs market
ANUP · Sep 2022: +106.8% vs market
VOLTAMP · Jul 2021: +108.8% vs market
GRSE · Dec 2021: +109.3% vs market
GOLDIAM · May 2024: +128.9% vs market
PRAJIND · Nov 2020: +164.6% vs market
Similar setups −3.5%All companies +2.7%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
−3.5%
All companies' median
+2.7%
Beat the market
44% vs 53%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TECHNOE
Industrial Services		 Oct 2020 12x13% −29%−38% −16%
QUICKHEAL
Technology Services		 Nov 2022 13x15% −16%−27% +73%
ANUP
Producer Manufacturing		 Sep 2022 13x17% −14%−31% +107%
GMDCLTD
Energy Minerals		 Jan 2020 9x14% −28%−33% −24%
SASKEN
Technology Services		 Apr 2020 8x17% −46%−47% +43%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
FINCABLES
Producer Manufacturing		 Oct 2020 11x18% −28%−34% +6%
VOLTAMP
Producer Manufacturing		 Jul 2021 14x15% +51%−6% +109%
INDNIPPON
Producer Manufacturing		 Dec 2020 15x15% −5%−21% −22%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/E. Not used (unavailable for this company): 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 KAVERI SEED COMPANY LTD. 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.

CONCORD BIOTECHCONCORDBIO
Health Technology
63%similar
debt/equityrevenue
MAN INFRACONSTRUCTIONMANINFRA
Finance
61%similar
operating marginpromoter holding
ADVANCED ENZYME TECHNOADVENZYMES
Consumer Non-Durables
57%similar
volatilitymarket cap
KALYANI STEELSKSL
Non-Energy Minerals
57%similar
P/Emarket cap
FDCFDC
Health Technology
56%similar
revenue growthROCE
BHANSALI ENGINEERING POLYMERSBEPL
Process Industries
59%similar
debt/equityvolatility
CLEAN SCIENCE AND TECHNOLOGYCLEAN
Process Industries
59%similar
operating margindebt/equity
INDIGO PAINTSINDIGOPNTS
Process Industries
58%similar
volatilityrevenue

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

What changed?

30 events since Jan '24

  1. OctPriceFell 58% from the Apr 2025 peak to the Oct 2026 low.
  2. SepResultsYear-on-year EPS growth turned negative.
  3. SepPeer rankMoved into the top quartile of Process Industries on operating margin (from the bottom quartile).
  4. SepPriceVolume reached 271.6x its 50-day median on 2026-09-24; price +10.3% that day.
  5. JunResultsYear-on-year EPS growth turned positive.
  6. JunPeer rankSlipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).
  7. JunPriceVolume reached 67.2x its 50-day median on 2026-06-22; price +11.1% that day.
  8. MarResultsYear-on-year EPS growth turned negative.
Show 22 earlier events
  1. MarPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the bottom quartile).
  2. FebPriceVolume reached 13.3x its 50-day median on 2026-02-27; price -3.2% that day.
  3. DecPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the top quartile).
  4. NovPriceVolume reached 7.3x its 50-day median on 2025-11-19; price -5.6% that day.
  5. SepResultsYear-on-year EPS growth turned positive.
  6. SepPeer rankMoved into the top quartile of Process Industries on operating margin (from the bottom quartile).
  7. JunResultsYear-on-year EPS growth turned negative.
  8. JunPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
  9. AprPriceVolume reached 20.9x its 50-day median on 2025-04-04; price +10.0% that day.
  10. MarPriceRegained the 2024-09 peak, 5 months after the low.
  11. MarPeer rankMoved into the 3rd quartile of Process Industries on operating margin (from the bottom quartile).
  12. FebValuationP/E crossed above the 90th percentile of its own history to date (17.2x).
  13. FebPriceVolume reached 23.6x its 50-day median on 2025-02-01; price +6.8% that day.
  14. DecPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the top quartile).
  15. OctPriceFell 30% from the Sep 2024 peak to the Oct 2024 low.
  16. JulPriceVolume reached 17.6x its 50-day median on 2024-07-23; price +2.7% that day.
  17. JunResultsRevenue (TTM) reached a new high of ₹1,146 cr.
  18. JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 2nd quartile).
  19. AprPriceRegained the 2021-05 peak, 18 months after the low.
  20. AprPriceVolume reached 31.0x its 50-day median on 2024-04-19; price +10.5% that day.
  21. JanValuationP/E crossed above the 90th percentile of its own history to date (14.8x).
  22. JanPriceVolume reached 11.8x its 50-day median on 2024-01-01; price +5.5% 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1114.2x₹1279 cr14.2%16.0%0.0x
2026-1013.6x₹1279 cr14.2%16.0%0.0x
2026-0915.0x₹1279 cr14.2%16.0%0.0x
2026-0813.3x₹1395 cr16.8%16.0%0.0x
2026-0713.6x₹1395 cr16.8%16.0%0.0x
2026-0615.5x₹1395 cr16.8%16.0%0.0x
2026-0514.8x₹1378 cr20.1%20.0%0.0x
2026-0416.5x₹1378 cr20.1%20.0%0.0x
2026-0313.4x₹1378 cr20.1%20.0%0.0x
2026-0213.1x₹1342 cr20.2%20.0%0.0x
2026-0115.9x₹1342 cr20.2%20.0%0.0x
2025-1216.7x₹1342 cr20.2%20.0%0.0x
2025-1116.1x₹1260 cr21.2%20.0%0.0x
2025-1016.8x₹1260 cr21.2%20.0%0.0x
2025-0917.0x₹1260 cr21.2%20.0%0.0x
2025-0821.3x₹1205 cr18.8%20.0%0.0x
2025-0720.3x₹1205 cr18.8%20.0%0.0x
2025-0621.5x₹1205 cr18.8%20.0%0.0x
2025-0524.4x₹1213 cr24.7%22.0%0.0x
2025-0424.3x₹1213 cr24.7%22.0%0.0x
2025-0321.4x₹1213 cr24.7%22.0%0.0x
2025-0217.2x₹1182 cr24.4%22.0%0.0x
2025-0115.5x₹1182 cr24.4%22.0%0.0x
2024-1215.0x₹1182 cr24.4%22.0%0.0x
2024-1114.2x₹1216 cr25.6%22.0%0.0x
2024-1015.0x₹1216 cr25.6%22.0%0.0x
2024-0916.0x₹1216 cr25.6%22.0%0.0x
2024-0818.1x₹1146 cr24.4%22.0%0.0x
2024-0718.4x₹1146 cr24.4%22.0%0.0x
2024-0616.1x₹1146 cr24.4%22.0%0.0x
2024-0517.5x₹1068 cr20.0%17.0%0.0x
2024-0417.9x₹1068 cr20.0%17.0%0.0x
2024-0312.8x₹1068 cr20.0%17.0%0.0x
2024-0213.7x₹1068 cr20.0%17.0%0.0x
2024-0114.8x₹1068 cr20.0%17.0%0.0x
2023-1212.6x₹1068 cr20.0%17.0%0.0x
2023-1112.5x₹1068 cr20.0%17.0%0.0x
2023-1012.7x₹1068 cr20.0%17.0%0.0x
2023-0912.4x₹1068 cr20.0%17.0%0.0x
2023-0811.2x₹1068 cr20.0%17.0%0.0x
2023-0712.0x₹1068 cr20.0%17.0%0.0x
2023-0610.5x₹1068 cr20.0%17.0%0.0x
2023-0513.8x₹968 cr16.6%16.0%0.0x
2023-0414.6x₹968 cr16.6%16.0%0.0x
2023-0313.1x₹968 cr16.6%16.0%0.0x
2023-0214.2x₹968 cr16.6%16.0%0.0x
2023-0114.5x₹968 cr16.6%16.0%0.0x
2022-1214.2x₹968 cr16.6%16.0%0.0x
2022-1114.0x₹968 cr16.6%16.0%0.0x
2022-1013.3x₹968 cr16.6%16.0%0.0x
2022-0911.8x₹968 cr16.6%16.0%0.0x
2022-0812.5x₹968 cr16.6%16.0%0.0x
2022-0713.3x₹968 cr16.6%16.0%0.0x
2022-0614.0x₹968 cr16.6%16.0%0.0x
2022-0511.2x₹1033 cr25.0%27.0%0.0x
2022-0410.5x₹1033 cr25.0%27.0%0.0x
2022-0310.6x₹1033 cr25.0%27.0%0.0x
2022-029.4x₹1033 cr25.0%27.0%0.0x
2022-0110.7x₹1033 cr25.0%27.0%0.0x
2021-1211.1x₹1033 cr25.0%27.0%0.0x

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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