अApnaFunda

LUX INDUSTRIES LIMITED (LUXIND)

Consumer Non-Durables · Apparel/Footwear · 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.38 / 100
Profitability 22Growth 34Balance sheet 57
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.39 / 100
Price 49Earnings 30FII/DII 38

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,166.6 latest close · −6.3% over the last 90 sessions

₹1,000₹1,100₹1,200₹1,300Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,000₹1,100₹1,200₹1,300Jul 3Sep 4Nov 9

₹1,166.6 month-end · −2.2% over 12 months

₹800₹1,000₹1,200₹1,400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹800₹1,000₹1,200₹1,400Nov '25May '26Nov '26

₹1,166.6 month-end · −12.8% over 3 years

₹1,000₹1,500₹2,000₹2,500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹1,000₹1,500₹2,000₹2,500Nov '23May '25Nov '26

₹1,166.6 month-end · −3.4% since Jan '19

₹2,000₹4,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹2,000₹4,000Jan '19Dec '22Nov '26

52-week range ₹824.05 to ₹1823.35 · 1-year volatility 48.3%

Was the rally earned?

-2%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (-2%).
  • The share count rose 4%.
Net profit growth: −38 pts. Points of the price return explained by net profit growing (or shrinking).−38 ptsNet profit growthP/E change: +39 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+39 ptsP/E changeShare count change: −3 pts. Points of the price return explained by the share count changing. More shares count against the price.−3 ptsShare count changeShare price: −2%−2%Share priceNet profit growth: −38 pts. Points of the price return explained by net profit growing (or shrinking).−38ProfitP/E change: +39 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+39P/EShare count change: −3 pts. Points of the price return explained by the share count changing. More shares count against the price.−3SharesShare price: −2%−2%Share price
Net profit growth-38 ptsNet profit fell about 32%, which lowers the price.
P/E change+39 ptsThe P/E rose from 23.2x to 34.3x, which lifts the price.
Share count change-3 ptsShare count rose 4%, which lowers the price.
-13%share price, 3 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 31 points, while the multiple moved less (P/E 28.3x to 34.3x).
  • The share count rose 7%.
Net profit growth: −24 pts. Points of the price return explained by net profit growing (or shrinking).−24 ptsNet profit growthP/E change: +18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+18 ptsP/E changeShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7 ptsShare count changeShare price: −13%−13%Share priceNet profit growth: −24 pts. Points of the price return explained by net profit growing (or shrinking).−24ProfitP/E change: +18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+18P/EShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7SharesShare price: −13%−13%Share price
Net profit growth-24 ptsNet profit fell about 23%, which lowers the price.
P/E change+18 ptsThe P/E rose from 28.3x to 34.3x, which lifts the price.
Share count change-7 ptsShare count rose 7%, which lowers the price.
-69%share price, 5 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 67 points, while the multiple moved less (P/E 35.5x to 34.3x).
  • The share count rose 24%.
Net profit growth: −55 pts. Points of the price return explained by net profit growing (or shrinking).−55 ptsNet profit growthP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2 ptsP/E changeShare count change: −13 pts. Points of the price return explained by the share count changing. More shares count against the price.−13 ptsShare count changeShare price: −69%−69%Share priceNet profit growth: −55 pts. Points of the price return explained by net profit growing (or shrinking).−55ProfitP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2P/EShare count change: −13 pts. Points of the price return explained by the share count changing. More shares count against the price.−13SharesShare price: −69%−69%Share price
Net profit growth-55 ptsNet profit fell about 61%, which lowers the price.
P/E change-2 ptsThe P/E fell from 35.5x to 34.3x, which lowers the price.
Share count change-13 ptsShare count rose 24%, which lowers 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 PAGE INDUSTRIES

How rough has the ride been?

Maximum drawdown-81.8%not yet recovered
1-year volatility48.3%annualised
Beta vs sector index1.103-year daily, correlation 0.34
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−81.0% 0%−25%−50%−75%2020202220242026−81.0%
Largest drawdowns

-81.8% (2021-11 peak to 2026-03 low, not yet recovered)

-47.8% (2020-02 peak to 2020-05 low, recovered 2020-12)

-29.0% (2019-04 peak to 2019-08 low, recovered 2019-12)

Most recent volume spikes

2026-09-21: 17x the 50-day median, price +4.7% that day

2026-09-18: 14.5x the 50-day median, price +9.3% that day

2026-07-10: 7x the 50-day median, price +4.4% 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?

34.3xP/E todayWithin its usual range
Against its own history75th percentile
CheapestMedian 27.1xDearest

Usual range 15.7x to 39.1x since 2019-01.

Against Consumer Non-Durables34.3x vs 26.8x
This company
34.3x
Sector median
26.8x

28% above the Consumer Non-Durables median.

10.3x25.2x40.2x55.2xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.3x25.2x40.2x55.2xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

The chart loads when you open this tab.

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

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P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables 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 Consumer Non-Durables is valued

Where does it rank among Consumer Non-Durables peers?

Each cell is the company's percentile rank among its Consumer Non-Durables 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

  • ROCE25th▼ 23 pts vs a year ago
  • Op. margin20thflat vs a year ago
  • Revenue growth57th▼ 8 pts vs a year ago
  • EPS growth16th▼ 36 pts vs a year ago
  • Debt/equity ↓48th▼ 12 pts vs a year ago
  • Cash cycle ↓15thflat vs a year ago
  • P/E ↓40th▼ 32 pts vs a year ago
  • 12M momentum66th▲ 51 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 Consumer Non-Durables sector page Watch it move against Consumer Non-Durables in the Observatory

What is the price implying?

~15%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 20.8x, a holder earning 12%/yr needs earnings to grow about 15.3%/yr for 10 years, then trade at 15x.

Delivered−1.1%/yrEPS, last 9 fiscal years · 3-yr avg to 3-yr avg
Gap+16.5 ptsimplied minus delivered
Rank210thmost demanding of 856

Over time

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

-1%12%25% Jan 2019Nov 2026 -1%12%25% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x16.8%17.9%18.9%
15x14.3%15.3%16.4%
20x11.1%12.1%13.1%

Drag a slider to test other assumptions

Implied: 15.3%/yr

Looking back

  • Jan 2020Price implied 22%/yr; EPS has since grown −2%/yr (7.0 yrs)
  • Jan 2021Price implied 17%/yr; EPS has since grown −11%/yr (6.0 yrs)
  • Jan 2022Price implied 17%/yr; EPS has since grown −17%/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 Consumer Non-Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹1166.60
P/E
34.3x
ROCE
8.0%
Market Cap
₹3507 cr
Revenue (TTM)
₹2934 cr
P/S
1.2x
P/B
1.9x
ROE
5.6%
Operating Margin
7.0%
Debt / Equity
0.3x
Promoter Holding
74.2%
12M Momentum
-2.2%

52-week range

₹824.05₹1823.35
34% of the way from its 52-week low to its high

Price risk

1Y volatility
48.3%
Beta vs sector
1-year daily
1.43

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.2x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.03x
low
Share count, 1Y
unchanged

Are profits backed by cash?

2 of 7checks within range1 beyond a threshold
Other income reliance17%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 16.8%. 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 conversion0.03xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.03x (cash from operations ₹10 cr, net profit ₹397 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

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+17 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 17 days (140 vs 123). 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+50 days / 2 yrsNear threshold

Days payable changed by +50 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 2 years, DIIs trimmed 2.2 pts.
  • The number of shareholders fell from 95,237 to 64,430 (-32%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters74.2%74.2%0.0 pts
FIIs0.9%0.7%-0.2 pts
DIIs6.9%4.8%-2.2 pts
Public and others17.9%20.3%+2.4 pts

Number of shareholders

64,430shareholders-32% since Dec '23
64k76k87k98k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 95,237
Mar '24: 97,862
Jun '24: 85,879
Sep '24: 74,190
Dec '24: 72,629
Mar '25: 75,982
Jun '25: 76,310
Sep '25: 76,096
Dec '25: 75,436
Mar '26: 73,864
Jun '26: 64,430
64k76k87k98k Dec '23Dec '24Dec '25Jun '26
Dec '23: 95,237
Mar '24: 97,862
Jun '24: 85,879
Sep '24: 74,190
Dec '24: 72,629
Mar '25: 75,982
Jun '25: 76,310
Sep '25: 76,096
Dec '25: 75,436
Mar '26: 73,864
Jun '26: 64,430

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

−8.8%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like LUX INDUSTRIES 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 −25% to +43% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (−4.8%, 80% range −14.0% to +2.9%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
RAMASTEEL · Aug 2025: −59.4% vs market
EPACK · Sep 2025: −49.8% vs market
CAMLINFINE · Jul 2023: −47.5% vs market
BODALCHEM · Oct 2021: −36.4% vs market
SHIVALIK · Aug 2025: −34.8% vs market
TVSSRICHAK · Dec 2023: −33.9% vs market
EVERESTIND · Oct 2023: −31.3% vs market
GULPOLY · Sep 2023: −28.5% vs market
SOMANYCERA · Sep 2023: −27.6% vs market
DCXINDIA · Jul 2024: −27.4% vs market
HIKAL · Jun 2023: −27.3% vs market
VTL · Apr 2022: −26.2% vs market
KOPRAN · Dec 2023: −25.3% vs market
BLKASHYAP · May 2025: −24.8% vs market
APOLLOTYRE · Apr 2021: −23.4% vs market
SHALBY · Mar 2024: −20.5% vs market
OAL · Jun 2025: −19.3% vs market
IFGLEXPOR · Aug 2025: −18.5% vs market
YUKEN · Dec 2024: −18.4% vs market
ALICON · Mar 2023: −18.1% vs market
HERITGFOOD · May 2020: −16.5% vs market
GREENLAM · Sep 2023: −16.0% vs market
EPL · Aug 2023: −13.9% vs market
IFBIND · May 2025: −12.3% vs market
SHANKARA · Jan 2023: −12.0% vs market
GREENPLY · Jun 2025: −5.6% vs market
BAJAJELEC · Nov 2021: −5.2% vs market
GLOBUSSPR · Jan 2025: −4.6% vs market
NAVNETEDUL · Mar 2023: −2.8% vs market
SHK · Apr 2024: −1.6% vs market
CEATLTD · Sep 2023: +2.4% vs market
SUPRAJIT · Jan 2025: +4.4% vs market
DREDGECORP · Feb 2020: +7.0% vs market
ACLGATI · Jan 2020: +9.9% vs market
KCP · Apr 2024: +10.2% vs market
ISGEC · Mar 2024: +12.8% vs market
SAGCEM · Jan 2021: +34.6% vs market
JPPOWER · Dec 2022: +45.5% vs market
HSCL · Apr 2022: +51.5% vs market
MINDACORP · Oct 2022: +52.4% vs market
STERTOOLS · Sep 2022: +54.7% vs market
ORIENTCEM · Apr 2024: +55.4% vs market
KIRLOSBROS · Jan 2023: +104.1% vs market
JBMA · Jul 2021: +106.1% vs market
PRECAM · Sep 2022: +112.9% vs market
BEML · May 2023: +113.4% vs market
TIRUMALCHM · Apr 2021: +136.4% vs market
TRIDENT · Jun 2021: +136.5% vs market
GENUSPOWER · Sep 2022: +174.1% vs market
ICIL · Apr 2020: +179.3% vs market
Similar setups −8.8%All companies −4.0%← 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 · 8 beyond the range shown, drawn at the edge

Similar setups' median
−8.8%
All companies' median
−4.0%
Beat the market
40% vs 46%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KCP
Producer Manufacturing
Apr 2024 55x6% +69%−19% +10%
BEML
Producer Manufacturing
May 2023 47x9% +1%−24% +113%
MINDACORP
Producer Manufacturing
Oct 2022 24x12% +25%−28% +52%
GLOBUSSPR
Consumer Non-Durables
Jan 2025 43x9% +13%−31% −5%
BODALCHEM
Process Industries
Oct 2021 36x5% +104%−17% −36%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
IFBIND
Consumer Durables
May 2025 51x10% +17%−40% −12%
SHK
Process Industries
Apr 2024 45x8% +73%−11% −2%
ALICON
Producer Manufacturing
Mar 2023 45x9% +2%−37% −18%
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, P/E and ROCE. 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 LUX INDUSTRIES 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.

Process Industries
74%similar
revenueP/E
Process Industries
71%similar
ROCEmarket cap
Producer Manufacturing
71%similar
operating marginvolatility
PSP PROJECTSPSPPROJECT
Industrial Services
64%similar
ROCEmarket cap
NILKAMALNILKAMAL
Consumer Durables
63%similar
market caprevenue growth
PDSPDSL
Consumer Non-Durables
54%similar
revenue growthEPS growth
Consumer Non-Durables
53%similar
revenueP/E
Consumer Non-Durables
46%similar
volatilitydebt/equity

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

What changed?

30 events since Aug '22

  1. SepPeer rankMoved into the 3rd quartile of Consumer Non-Durables on ROCE (from the bottom quartile).
  2. SepPriceVolume reached 17.0x its 50-day median on 2026-09-21; price +4.7% that day.
  3. JunPeer rankSlipped to the bottom quartile of Consumer Non-Durables on ROCE (from the 3rd quartile).
  4. AprPriceVolume reached 166.9x its 50-day median on 2026-04-07; price +11.6% that day.
  5. MarPriceFell 82% from the Nov 2021 peak to the Mar 2026 low.
  6. FebPriceVolume reached 13.6x its 50-day median on 2026-02-09; price +5.8% that day.
  7. DecResultsYear-on-year EPS growth turned negative.
  8. DecPeer rankSlipped to the bottom quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
Show 22 earlier events
  1. NovPriceVolume reached 19.7x its 50-day median on 2025-11-27; price +3.5% that day.
  2. SepPeer rankSlipped to the bottom quartile of Consumer Non-Durables on operating margin (from the 3rd quartile).
  3. SepPriceVolume reached 16.0x its 50-day median on 2025-09-17; price +5.9% that day.
  4. MarResultsRevenue (TTM) reached a new high of ₹2,473 cr.
  5. SepResultsYear-on-year EPS growth turned positive.
  6. SepPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
  7. AugPriceVolume reached 15.2x its 50-day median on 2024-08-05; price +9.1% that day.
  8. JulValuationP/E crossed above the 90th percentile of its own history to date (48.0x).
  9. JunPeer rankMoved into the 3rd quartile of Consumer Non-Durables on EPS growth (from the bottom quartile).
  10. JunDividendDividend payout cut from 11% to 5% of profit.
  11. AprPriceVolume reached 22.1x its 50-day median on 2024-04-23; price +15.8% that day.
  12. FebPriceVolume reached 5.6x its 50-day median on 2024-02-08; price +3.5% that day.
  13. NovPriceVolume reached 14.8x its 50-day median on 2023-11-07; price -2.4% that day.
  14. SepPriceVolume reached 55.2x its 50-day median on 2023-09-06; price +6.0% that day.
  15. JunResultsYear-on-year EPS growth turned negative.
  16. JunPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on ROCE (from the top quartile).
  17. AprPriceVolume reached 85.1x its 50-day median on 2023-04-20; price +11.8% that day.
  18. MarPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  19. FebPriceVolume reached 8.2x its 50-day median on 2023-02-10; price -5.7% that day.
  20. OctPriceVolume reached 7.9x its 50-day median on 2022-10-27; price +3.3% that day.
  21. SepPeer rankMoved into the 2nd quartile of Consumer Non-Durables on EPS growth (from the 3rd quartile).
  22. AugPriceVolume reached 9.6x its 50-day median on 2022-08-02; price +6.8% 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
2026-1134.3x₹2934 cr5.6%8.0%0.3x
2026-1033.0x₹2934 cr5.6%8.0%0.3x
2026-0932.5x₹2934 cr5.6%8.0%0.3x
2026-0835.1x₹2929 cr5.6%8.0%0.3x
2026-0736.1x₹2929 cr5.6%8.0%0.3x
2026-0635.5x₹2929 cr5.6%8.0%0.3x
2026-0538.4x₹2874 cr6.0%13.0%0.2x
2026-0438.9x₹2874 cr6.0%13.0%0.2x
2026-0323.0x₹2874 cr6.0%13.0%0.2x
2026-0221.3x₹2754 cr7.0%13.0%0.2x
2026-0122.0x₹2754 cr7.0%13.0%0.2x
2025-1226.3x₹2754 cr7.0%13.0%0.2x
2025-1123.2x₹2652 cr8.6%13.0%0.2x
2025-1024.8x₹2652 cr8.6%13.0%0.2x
2025-0924.9x₹2652 cr8.6%13.0%0.2x
2025-0823.2x₹2583 cr9.2%13.0%0.2x
2025-0725.1x₹2583 cr9.2%13.0%0.2x
2025-0626.5x₹2583 cr9.2%13.0%0.2x
2025-0525.7x₹2473 cr10.6%11.0%0.1x
2025-0423.9x₹2473 cr10.6%11.0%0.1x
2025-0323.9x₹2473 cr10.6%11.0%0.1x
2025-0224.1x₹2371 cr9.8%11.0%0.1x
2025-0129.3x₹2371 cr9.8%11.0%0.1x
2024-1237.6x₹2371 cr9.8%11.0%0.1x
2024-1139.4x₹2333 cr8.8%11.0%0.1x
2024-1040.1x₹2333 cr8.8%11.0%0.1x
2024-0942.1x₹2333 cr8.8%11.0%0.1x
2024-0855.2x₹2319 cr7.7%11.0%0.1x
2024-0748.0x₹2319 cr7.7%11.0%0.1x
2024-0632.9x₹2319 cr7.7%11.0%0.1x
2024-0530.8x₹2382 cr9.1%13.0%0.2x
2024-0431.7x₹2382 cr9.1%13.0%0.2x
2024-0322.7x₹2382 cr9.1%13.0%0.2x
2024-0224.8x₹2382 cr9.1%13.0%0.2x
2024-0126.4x₹2382 cr9.1%13.0%0.2x
2023-1227.5x₹2382 cr9.1%13.0%0.2x
2023-1128.3x₹2382 cr9.1%13.0%0.2x
2023-1028.9x₹2382 cr9.1%13.0%0.2x
2023-0931.6x₹2382 cr9.1%13.0%0.2x
2023-0831.2x₹2382 cr9.1%13.0%0.2x
2023-0733.8x₹2382 cr9.1%13.0%0.2x
2023-0631.9x₹2382 cr9.1%13.0%0.2x
2023-0513.1x₹2296 cr24.9%34.0%0.3x
2023-0412.1x₹2296 cr24.9%34.0%0.3x
2023-0310.3x₹2296 cr24.9%34.0%0.3x
2023-0211.3x₹2296 cr24.9%34.0%0.3x
2023-0113.0x₹2296 cr24.9%34.0%0.3x
2022-1214.5x₹2296 cr24.9%34.0%0.3x
2022-1115.0x₹2296 cr24.9%34.0%0.3x
2022-1015.3x₹2296 cr24.9%34.0%0.3x
2022-0915.5x₹2296 cr24.9%34.0%0.3x
2022-0816.1x₹2296 cr24.9%34.0%0.3x
2022-0716.4x₹2296 cr24.9%34.0%0.3x
2022-0615.5x₹2296 cr24.9%34.0%0.3x
2022-0518.7x₹1953 cr25.8%36.0%0.1x
2022-0421.5x₹1953 cr25.8%36.0%0.1x
2022-0320.4x₹1953 cr25.8%36.0%0.1x
2022-0223.0x₹1953 cr25.8%36.0%0.1x
2022-0125.0x₹1953 cr25.8%36.0%0.1x
2021-1234.3x₹1953 cr25.8%36.0%0.1x

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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