KSHITIJ POLYLINE LIMITED (KSHITIJPOL): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹3.11 latest close · −24.1% over the last 90 sessions

₹3.11 month-end · +24.4% over 12 months

₹3.11 month-end · −44.0% over 3 years

₹3.11 month-end · −91.0% since Jul '22

52-week range ₹1.88 to ₹7.20 · 1-year volatility 62.6%

How rough has the ride been?

Maximum drawdown-97.0%not yet recovered

1-year volatility62.6%annualised

Drawdown from peak

Largest drawdowns

-97.0% (2022-11 peak to 2026-02 low, not yet recovered)

-79.0% (2022-08 peak to 2022-08 low, recovered 2022-11)

Is it expensive against its own past and its peers?

17.3xP/E todayNear its historic low

Against its own history14th percentile

CheapestMedian 137.2xDearest

Usual range 17.2x to 210.6x since 2022-07.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts median

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

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P/S (this company)10th to 90th percentile of its own historyIts median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median.

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 Miscellaneous is valued

What is the price implying?

~14%annual earnings growth implied by the price

At a P/E of 17.3x, the price would imply about 13.6%/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.

The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹3.11
P/E: 17.3x
ROCE: 8.1%
Market Cap: ₹77 cr
Revenue (TTM): ₹50 cr
P/S: 1.5x
P/B: 1.2x
ROE: 7.0%
Operating Margin: 8.2%
Debt / Equity: 0.3x
Promoter Holding: 0.0%
12M Momentum: 24.4%

52-week range

₹1.88₹7.20

23% of the way from its 52-week low to its high

Price risk

1Y volatility

62.6%

Balance sheet & cash

Interest cover

operating profit ÷ interest

3.7x

Cash from profit, 3Y

operating cash flow ÷ net profit

-2.00x

low

Share count, 1Y

+73.3%

Are profits backed by cash?

3 of 6checks within range2 beyond a threshold

Other income reliance60%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 59.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate0%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: 0.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-12 daysWithin range

Debtor days are below the median of the previous three fiscal years by 12 days (51 vs 63). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+25 days / 2 yrsWithin range

Days payable changed by +25 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, promoters trimmed 0.6 pts.
The number of shareholders rose from 49,628 to 1.0 lakh (+108%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters0.6%0.0%-0.6 pts

FIIs0.5%0.2%-0.3 pts

DIIs———

Public and others98.9%99.8%+1.0 pts

Number of shareholders

1.0 lakhshareholders+108% since Dec '23

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

−10.4%typical 12-month return vs the marketBelow the base rate

We found 50 past situations where a non-financial company looked like KSHITIJ POLYLINE 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 −29% to +16% vs the market, against −5% for all non-financial companies in the same months.
The analogs' median sat below that base rate (gap −5.8%, 80% range −9.8% 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median

−10.4%

All companies' median

−4.6%

Beat the market

32% vs 45%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
SONAMLTD Consumer Durables	Jun 2025	32x	13%	+26%	−48%	+5%
NIDAN Health Services	Mar 2023	18x	10%	+2%	−54%	−46%
BAGFILMS Consumer Services	Jun 2024	33x	6%	+99%	−40%	−17%
DYNAMIC Commercial Services	Mar 2025	22x	15%	+29%	−64%	−39%
BHANDARI Consumer Non-Durables	Aug 2021	—	9%	+131%	−36%	+97%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
ALKALI Process Industries	Mar 2023	27x	11%	+15%	−47%	−24%
SOMICONVEY Producer Manufacturing	Sep 2024	40x	9%	+179%	−33%	−10%
WEWIN Commercial Services	Jun 2024	32x	13%	+92%	−29%	−38%

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: debt/equity, size and 12-month momentum. 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 KSHITIJ POLYLINE 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

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

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 changed?

14 events since Aug '22

2026
AugValuationP/E fell below the 10th percentile of its own history to date (15.7x).
JulSharesShare count is up 73.3% over 12 months.
JunResultsEPS (TTM) turned positive.
FebPriceFell 97% from the Nov 2022 peak to the Feb 2026 low.
FebDebtDebt / equity halved over 12 months to 0.41x.
2025
JulDebtDebt / equity halved over 12 months to 0.41x.
JunDebtDebt / equity fell below 1.0x (0.41x).
JunSharesShare count is up 75.7% over 12 months.

Show 6 earlier events

2025
MarResultsEPS (TTM) turned negative.
2024
DecResultsYear-on-year EPS growth turned negative.
JunResultsRevenue (TTM) reached a new high of ₹59 cr.
JunDebtDebt / equity rose above 1.0x (2.26x).
2022
NovPriceRegained the 2022-08 peak, 3 months after the low.
AugPriceFell 79% from the Aug 2022 peak to the Aug 2022 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 history53 months · 2022-07 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	17.3x	₹50 cr	7.0%	8.1%	0.3x
2026-10	17.2x	₹50 cr	7.0%	8.1%	0.3x
2026-09	23.0x	₹50 cr	7.0%	8.1%	0.3x
2026-08	15.7x	₹45 cr	7.4%	8.1%	0.3x
2026-07	15.6x	₹45 cr	7.4%	8.1%	0.3x
2026-06	20.7x	₹45 cr	7.4%	8.1%	0.3x
2026-05	—	₹38 cr	-8.5%	-10.8%	0.4x
2026-04	—	₹38 cr	-8.5%	-10.8%	0.4x
2026-03	—	₹38 cr	-8.5%	-10.8%	0.4x
2026-02	—	₹38 cr	-11.2%	-10.8%	0.4x
2026-01	—	₹38 cr	-11.2%	-10.8%	0.4x
2025-12	—	₹38 cr	-11.2%	-10.8%	0.4x
2025-11	—	₹39 cr	-41.7%	-10.8%	0.4x
2025-10	—	₹39 cr	-41.7%	-10.8%	0.4x
2025-09	—	₹39 cr	-41.7%	-10.8%	0.4x
2025-08	—	₹42 cr	-41.4%	-10.8%	0.4x
2025-07	—	₹42 cr	-41.4%	-10.8%	0.4x
2025-06	—	₹42 cr	-41.4%	-10.8%	0.4x
2025-05	—	₹50 cr	-7.6%	8.2%	2.3x
2025-04	—	₹50 cr	-7.6%	8.2%	2.3x
2025-03	—	₹50 cr	-7.6%	8.2%	2.3x
2025-02	117.7x	₹54 cr	1.2%	8.2%	2.3x
2025-01	134.0x	₹54 cr	1.2%	8.2%	2.3x
2024-12	158.7x	₹54 cr	1.2%	8.2%	2.3x
2024-11	21.7x	₹57 cr	8.8%	8.2%	2.3x
2024-10	27.4x	₹57 cr	8.8%	8.2%	2.3x
2024-09	26.3x	₹57 cr	8.8%	8.2%	2.3x
2024-08	45.3x	₹59 cr	5.2%	8.2%	2.3x
2024-07	59.8x	₹59 cr	5.2%	8.2%	2.3x
2024-06	53.8x	₹59 cr	5.2%	8.2%	2.3x
2024-05	186.7x	₹34 cr	1.1%	5.6%	1.0x
2024-04	175.7x	₹34 cr	1.1%	5.6%	1.0x
2024-03	140.3x	₹34 cr	1.1%	5.6%	1.0x
2024-02	186.7x	₹34 cr	1.1%	5.6%	1.0x
2024-01	202.0x	₹34 cr	1.1%	5.6%	1.0x
2023-12	208.0x	₹34 cr	1.1%	5.6%	1.0x
2023-11	185.0x	₹34 cr	1.1%	5.6%	1.0x
2023-10	212.7x	₹34 cr	1.1%	5.6%	1.0x
2023-09	169.7x	₹34 cr	1.1%	5.6%	1.0x
2023-08	166.3x	₹34 cr	1.1%	5.6%	1.0x
2023-07	209.7x	₹34 cr	1.1%	5.6%	1.0x
2023-06	239.0x	₹34 cr	1.1%	5.6%	1.0x
2023-05	—	₹39 cr	1.3%	—	0.9x
2023-04	—	₹39 cr	1.3%	—	0.9x
2023-03	—	₹39 cr	1.3%	—	0.9x
2023-02	—	₹39 cr	1.3%	—	0.9x
2023-01	—	₹39 cr	1.3%	—	0.9x
2022-12	—	₹39 cr	1.3%	—	0.9x
2022-11	—	₹39 cr	1.3%	—	0.9x
2022-10	—	₹39 cr	1.3%	—	0.9x
2022-09	—	₹39 cr	1.3%	—	0.9x
2022-08	—	₹39 cr	1.3%	—	0.9x
2022-07	1156.3x	₹39 cr	1.3%	—	0.9x

Methodology and data notes