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MAGADH SUGAR & ENERGY LIMITED (MAGADSUGAR)

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.37 / 100
Profitability 23Growth 59Balance sheet 29
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.43 / 100
Price 71Earnings 12FII/DII 47

Passes these screensCash Rich

Compare withPATANJALI FOODSGODREJ INDUSTRIESAWL AGRI BUSINESS

Share price

Closing priceAdjusted for splits and bonus issues.

₹543.15 latest close · +16.3% over the last 90 sessions

₹500₹550₹600Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹500₹550₹600Jul 3Sep 4Nov 9

₹543.15 month-end · +10.3% over 12 months

₹500₹600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹600Nov '25May '26Nov '26

₹543.15 month-end · −30.1% over 3 years

₹400₹600₹800Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹400₹600₹800Nov '23May '25Nov '26

₹543.15 month-end · +783.2% since Jan '19

₹0₹250₹500₹750Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹250₹500₹750Jan '19Dec '22Nov '26

52-week range ₹406.85 to ₹634.95 · 1-year volatility 40.2%

Was the rally earned?

+10%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 7.1x to 15.0x); per-share earnings took off 69 points.
  • The share count barely moved.
Net profit growth: −68 pts. Points of the price return explained by net profit growing (or shrinking).−68 ptsNet profit growthP/E change: +79 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+79 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: +10%+10%Share priceNet profit growth: −68 pts. Points of the price return explained by net profit growing (or shrinking).−68ProfitP/E change: +79 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+79P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +10%+10%Share price
Net profit growth-68 ptsNet profit fell about 48%, which lowers the price.
P/E change+79 ptsThe P/E rose from 7.1x to 15.0x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-30%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 1 point, but investors now pay less per rupee of profit (P/E 21.8x to 15.0x), which took 31 points back.
  • The share count barely moved.
Net profit growth: +2 pts. Points of the price return explained by net profit growing (or shrinking).+2 ptsNet profit growthP/E change: −31 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−31 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: −30%−30%Share priceNet profit growth: +2 pts. Points of the price return explained by net profit growing (or shrinking).+2ProfitP/E change: −31 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−31P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −30%−30%Share price
Net profit growth+2 ptsNet profit rose about 2%, which lifts the price.
P/E change-31 ptsThe P/E fell from 21.8x to 15.0x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+128%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 99 points to the rise, while the multiple moved less (P/E 12.4x to 15.0x).
  • The share count barely moved.
Net profit growth: +99 pts. Points of the price return explained by net profit growing (or shrinking).+99 ptsNet profit growthP/E change: +30 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+30 ptsP/E changeShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1 ptsShare count changeShare price: +128%+128%Share priceNet profit growth: +99 pts. Points of the price return explained by net profit growing (or shrinking).+99ProfitP/E change: +30 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+30P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +128%+128%Share price
Net profit growth+99 ptsNet profit rose about 89%, which lifts the price.
P/E change+30 ptsThe P/E rose from 12.4x to 15.0x, which lifts the price.
Share count change-1 ptsShare count was little changed. More shares would count against 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-63.2%recovered 2021-04
1-year volatility40.2%annualised
Beta vs sector index1.173-year daily, correlation 0.46
Volume spikes12last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−58.1% 0%−20%−40%−60%2020202220242026−58.1%
Largest drawdowns

-63.2% (2020-02 peak to 2020-03 low, recovered 2021-04)

-56.4% (2024-09 peak to 2026-01 low, not yet recovered)

-38.9% (2019-07 peak to 2019-08 low, recovered 2020-01)

Most recent volume spikes

2026-09-25: 9.8x the 50-day median, price +9.6% that day

2026-08-24: 7.7x the 50-day median, price 0.0% that day

2026-08-21: 9.5x the 50-day median, price -3.1% 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?

15.0xP/E todayNear its historic high
Against its own history84th percentile
CheapestMedian 8.9xDearest

Usual range 2.3x to 17.0x since 2019-01.

Against Process Industries15.0x vs 18.1x
This company
15.0x
Sector median
18.1x

17% below the Process Industries median.

1.7x12.0x22.4x32.7xJan '19Aug '20Mar '22Oct '23May '25Nov '261.7x12.0x22.4x32.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

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

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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

  • ROCE37th▼ 22 pts vs a year ago
  • Op. margin10th▼ 19 pts vs a year ago
  • Revenue growth12th▼ 51 pts vs a year ago
  • EPS growth14th▼ 20 pts vs a year ago
  • Debt/equity ↓25thflat vs a year ago
  • Cash cycle ↓12th▲ 3 pts vs a year ago
  • P/E ↓60th▼ 32 pts vs a year ago
  • 12M momentum72nd▲ 41 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?

~6%annual earnings growth implied by the price

At a P/E of 10.1x, the price would imply about 6.0%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹543.15
P/E
15.0x
ROCE
8.0%
Market Cap
₹766 cr
Revenue (TTM)
₹1222 cr
P/S
0.6x
P/B
0.9x
ROE
5.8%
Operating Margin
0.2%
Debt / Equity
0.8x
Promoter Holding
61.0%
12M Momentum
10.3%

52-week range

₹406.85₹634.95
60% of the way from its 52-week low to its high

Price risk

1Y volatility
40.2%
Beta vs sector
1-year daily
0.78

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.1x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.10x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance4%Within range

Other income as a share of pre-tax profit (trailing twelve months): 4.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.10xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.10x (cash from operations ₹318 cr, net profit ₹289 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-6 daysWithin range

Debtor days are below the median of the previous three fiscal years by 6 days (6 vs 12). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress3% of fixed assetsWithin range

Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-70 days / 2 yrsWithin range

Days payable changed by -70 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, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders rose from 11,418 to 12,561 (+10%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters61.0%61.0%0.0 pts
FIIs0.5%0.1%-0.4 pts
DIIs0.0%0.0%0.0 pts
Public and others38.5%38.9%+0.4 pts

Number of shareholders

12,561shareholders+10% since Dec '23
11k12k12k13k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 11,418
Mar '24: 11,180
Jun '24: 11,118
Sep '24: 12,025
Dec '24: 12,028
Mar '25: 12,014
Jun '25: 11,996
Sep '25: 12,566
Dec '25: 12,186
Mar '26: 12,215
Jun '26: 12,561
 11k12k12k13k Dec '23Dec '24Dec '25Jun '26
Dec '23: 11,418
Mar '24: 11,180
Jun '24: 11,118
Sep '24: 12,025
Dec '24: 12,028
Mar '25: 12,014
Jun '25: 11,996
Sep '25: 12,566
Dec '25: 12,186
Mar '26: 12,215
Jun '26: 12,561

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

+2.9%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 MAGADH SUGAR & ENERGY 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 −18% to +44% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+3.4%, 80% range −2.4% to +11.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
BCLIND · Feb 2024: −50.5% vs market
RELCHEMQ · Nov 2023: −43.0% vs market
JINDALPOLY · Nov 2024: −42.7% vs market
JINDALSAW · Jul 2021: −42.6% vs market
AVADHSUGAR · Nov 2023: −41.5% vs market
JAYAGROGN · Feb 2025: −39.3% vs market
NCLIND · Aug 2023: −36.0% vs market
RGL · Nov 2024: −34.1% vs market
BIL · May 2021: −22.3% vs market
SPORTKING · Aug 2024: −20.6% vs market
NAHARINDUS · May 2025: −19.2% vs market
KMSUGAR · Sep 2023: −18.7% vs market
UCAL · Jul 2020: −18.6% vs market
KCPSUGIND · Apr 2020: −14.3% vs market
NITINSPIN · Aug 2023: −9.4% vs market
MONTECARLO · Nov 2024: −9.0% vs market
MUNJALAU · Dec 2023: −4.8% vs market
ARIES · Apr 2020: −3.1% vs market
BANSWRAS · Jul 2021: −2.3% vs market
ASPINWALL · Apr 2020: −1.5% vs market
TBZ · Aug 2024: +0.9% vs market
TIMETECHNO · Jan 2022: +1.0% vs market
HARRMALAYA · Apr 2024: +1.0% vs market
TRIVENI · Feb 2020: +2.0% vs market
UNIVCABLES · Dec 2024: +2.9% vs market
JAYBARMARU · Oct 2020: +3.0% vs market
MUKANDLTD · Oct 2025: +7.4% vs market
SUTLEJTEX · Mar 2020: +11.4% vs market
JKTYRE · Nov 2020: +13.3% vs market
PGIL · Oct 2020: +13.9% vs market
INDIANHUME · Feb 2024: +14.2% vs market
COSMOFIRST · Jul 2024: +15.3% vs market
HPL · Feb 2021: +22.0% vs market
GILLANDERS · Jan 2023: +24.6% vs market
DCMSRIND · Jul 2023: +27.0% vs market
KAPSTON · Sep 2024: +27.5% vs market
RAIN · Oct 2020: +34.2% vs market
SPIC · Jun 2020: +46.8% vs market
WABAG · Dec 2022: +50.9% vs market
TALBROAUTO · Nov 2020: +55.2% vs market
LTFOODS · Aug 2022: +58.8% vs market
HITECHCORP · May 2020: +62.3% vs market
GPTINFRA · Oct 2022: +67.1% vs market
SARDAEN · Dec 2020: +77.5% vs market
DYNAMATECH · Apr 2021: +79.8% vs market
WELENT · Oct 2022: +86.6% vs market
SURYAROSNI · Sep 2020: +129.3% vs market
DEEPAKFERT · Feb 2021: +155.2% vs market
GVT&D · Nov 2022: +184.2% vs market
PCJEWELLER · Oct 2021: +262.4% vs market
Similar setups +2.9%All companies −0.5%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
+2.9%
All companies' median
−0.5%
Beat the market
60% vs 50%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
AVADHSUGAR
Process Industries		 Nov 2023 16x10% +62%−2% −42%
BCLIND
Consumer Non-Durables		 Feb 2024 28x13% +86%−8% −51%
JINDALPOLY
Process Industries		 Nov 2024 27x3% +40%−7% −43%
GVT&D
Producer Manufacturing		 Nov 2022 17x— +13%−6% +184%
DYNAMATECH
Producer Manufacturing		 Apr 2021 17x9% +87%−4% +80%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
NITINSPIN
Process Industries		 Aug 2023 11x12% +43%−4% −9%
INDIANHUME
Producer Manufacturing		 Feb 2024 26x12% +122%−7% +14%
WELENT
Industrial Services		 Oct 2022 15x5% +31%−10% +87%
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: interest cover, drawdown from 12-month high and P/S. 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 MAGADH SUGAR & ENERGY 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.

RITCO LOGISTICSRITCO
Transportation
62%similar
market capEPS growth
BCL INDUSTRIESBCLIND
Consumer Non-Durables
61%similar
market capvolatility
HT MEDIAHTMEDIA
Consumer Services
60%similar
ROCEmarket cap
MONTE CARLO FASHIONSMONTECARLO
Consumer Non-Durables
60%similar
revenueoperating margin
MUNJAL AUTO INDUSTRIESMUNJALAU
Producer Manufacturing
59%similar
revenue growthdebt/equity
ZUARI INDUSTRIESZUARIIND
Process Industries
70%similar
market capdebt/equity
RSWMRSWM
Process Industries
63%similar
P/Evolatility
GRM OVERSEASGRMOVER
Process Industries
62%similar
EPS growthpromoter holding

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

What changed?

30 events since Sep '23

  1. SepPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the top quartile).
  2. AugPriceVolume reached 43.7x its 50-day median on 2026-08-04; price +2.6% that day.
  3. JunResultsYear-on-year EPS growth turned negative.
  4. JunPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
  5. AprPriceVolume reached 7.5x its 50-day median on 2026-04-01; price +1.1% that day.
  6. MarResultsYear-on-year EPS growth turned positive.
  7. MarPeer rankMoved into the top quartile of Process Industries on operating margin (from the bottom quartile).
  8. MarPriceVolume reached 18.4x its 50-day median on 2026-03-04; price +4.9% that day.
Show 22 earlier events
  1. JanPriceFell 56% from the Sep 2024 peak to the Jan 2026 low.
  2. DecPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
  3. DecPriceVolume reached 7.6x its 50-day median on 2025-12-10; price +4.7% that day.
  4. SepPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the top quartile).
  5. SepPriceVolume reached 11.3x its 50-day median on 2025-09-02; price +5.3% that day.
  6. JunResultsYear-on-year EPS growth turned negative.
  7. JunPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
  8. MayPriceVolume reached 19.3x its 50-day median on 2025-05-13; price +12.1% that day.
  9. MarPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
  10. MarPriceVolume reached 13.6x its 50-day median on 2025-03-21; price +14.8% that day.
  11. DecPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  12. OctPeer rankSlipped to the 2nd quartile of Process Industries on operating margin (from the top quartile).
  13. AugPriceRegained the 2023-11 peak, 5 months after the low.
  14. AugPriceVolume reached 28.2x its 50-day median on 2024-08-30; price +3.5% that day.
  15. JunResultsRevenue (TTM) reached a new high of ₹1,097 cr.
  16. JunPeer rankMoved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
  17. JunPriceVolume reached 20.2x its 50-day median on 2024-06-19; price +11.1% that day.
  18. AprValuationP/E crossed above the 90th percentile of its own history to date (18.0x).
  19. MarPriceFell 37% from the Nov 2023 peak to the Mar 2024 low.
  20. FebPriceVolume reached 7.4x its 50-day median on 2024-02-13; price +2.2% that day.
  21. NovPriceVolume reached 9.7x its 50-day median on 2023-11-23; price +11.9% that day.
  22. SepValuationP/E crossed above the 90th percentile of its own history to date (19.2x).

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
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1115.0x₹1222 cr5.8%8.0%0.8x
2026-1013.9x₹1222 cr5.9%8.0%0.8x
2026-0914.7x₹1222 cr5.9%8.0%0.8x
2026-0813.2x₹1244 cr7.3%8.0%0.8x
2026-0711.1x₹1244 cr7.3%8.0%0.8x
2026-0610.0x₹1244 cr7.3%8.0%0.8x
2026-057.4x₹1308 cr10.4%13.0%0.8x
2026-048.4x₹1308 cr10.4%13.0%0.8x
2026-037.7x₹1308 cr10.4%13.0%0.8x
2026-027.7x₹1296 cr10.0%13.0%0.8x
2026-017.2x₹1296 cr10.0%13.0%0.8x
2025-128.4x₹1296 cr10.0%13.0%0.8x
2025-117.1x₹1296 cr11.8%13.0%0.8x
2025-107.7x₹1296 cr11.8%13.0%0.8x
2025-097.6x₹1296 cr11.8%13.0%0.8x
2025-086.8x₹1322 cr13.1%13.0%0.8x
2025-076.9x₹1322 cr13.1%13.0%0.8x
2025-068.5x₹1322 cr13.1%13.0%0.8x
2025-0512.1x₹1255 cr11.3%15.0%0.9x
2025-0410.6x₹1255 cr11.3%15.0%0.9x
2025-039.6x₹1255 cr11.3%15.0%0.9x
2025-026.2x₹1190 cr13.7%15.0%0.9x
2025-017.9x₹1190 cr13.7%15.0%0.9x
2024-128.5x₹1190 cr13.7%15.0%0.9x
2024-119.0x₹1155 cr15.0%15.0%0.9x
2024-108.9x₹1155 cr15.0%15.0%0.9x
2024-0911.2x₹1155 cr15.0%15.0%0.9x
2024-0810.7x₹1097 cr15.7%15.0%0.9x
2024-079.4x₹1097 cr15.7%15.0%0.9x
2024-069.0x₹1097 cr15.7%15.0%0.9x
2024-0517.2x₹953 cr7.8%9.0%0.9x
2024-0418.0x₹953 cr7.8%9.0%0.9x
2024-0314.7x₹953 cr7.8%9.0%0.9x
2024-0217.1x₹953 cr7.8%9.0%0.9x
2024-0117.4x₹953 cr7.8%9.0%0.9x
2023-1218.6x₹953 cr7.8%9.0%0.9x
2023-1121.8x₹953 cr7.8%9.0%0.9x
2023-1020.5x₹953 cr7.8%9.0%0.9x
2023-0919.2x₹953 cr7.8%9.0%0.9x
2023-0814.6x₹953 cr7.8%9.0%0.9x
2023-0712.7x₹953 cr7.8%9.0%0.9x
2023-0611.2x₹953 cr7.8%9.0%0.9x
2023-0510.9x₹995 cr7.7%9.0%1.1x
2023-0411.2x₹995 cr7.7%9.0%1.1x
2023-039.5x₹995 cr7.7%9.0%1.1x
2023-029.4x₹995 cr7.7%9.0%1.1x
2023-019.7x₹995 cr7.7%9.0%1.1x
2022-129.8x₹995 cr7.7%9.0%1.1x
2022-119.2x₹995 cr7.7%9.0%1.1x
2022-108.3x₹995 cr7.7%9.0%1.1x
2022-098.7x₹995 cr7.7%9.0%1.1x
2022-088.9x₹995 cr7.7%9.0%1.1x
2022-0710.2x₹995 cr7.7%9.0%1.1x
2022-069.5x₹995 cr7.7%9.0%1.1x
2022-0516.8x₹952 cr4.8%8.0%1.1x
2022-0418.8x₹952 cr4.8%8.0%1.1x
2022-0316.0x₹952 cr4.8%8.0%1.1x
2022-0214.2x₹952 cr4.8%8.0%1.1x
2022-0115.3x₹952 cr4.8%8.0%1.1x
2021-1212.9x₹952 cr4.8%8.0%1.1x
2021-1112.4x₹952 cr4.8%8.0%1.1x
2021-1014.0x₹952 cr4.8%8.0%1.1x
2021-0915.0x₹952 cr4.8%8.0%1.1x
2021-0814.3x₹952 cr4.8%8.0%1.1x
2021-0716.8x₹952 cr4.8%8.0%1.1x
2021-0617.0x₹952 cr4.8%8.0%1.1x
2021-053.3x₹916 cr15.5%13.0%1.2x
2021-042.8x₹916 cr15.5%13.0%1.2x
2021-031.7x₹916 cr15.5%13.0%1.2x
2021-021.8x₹916 cr15.5%13.0%1.2x
2021-011.8x₹916 cr15.5%13.0%1.2x
2020-121.9x₹916 cr15.5%13.0%1.2x
2020-111.8x₹916 cr15.5%13.0%1.2x
2020-101.8x₹916 cr15.5%13.0%1.2x
2020-091.9x₹916 cr15.5%13.0%1.2x
2020-082.0x₹916 cr15.5%13.0%1.2x
2020-072.0x₹916 cr15.5%13.0%1.2x
2020-062.2x₹916 cr15.5%13.0%1.2x
2020-053.5x₹739 cr7.5%9.0%1.2x
2020-043.2x₹739 cr7.5%9.0%1.2x
2020-032.6x₹739 cr7.5%9.0%1.2x
2020-024.3x₹739 cr7.5%9.0%1.2x
2020-015.0x₹739 cr7.5%9.0%1.2x
2019-124.1x₹739 cr7.5%9.0%1.2x
2019-113.9x₹739 cr7.5%9.0%1.2x
2019-104.3x₹739 cr7.5%9.0%1.2x
2019-094.4x₹739 cr7.5%9.0%1.2x
2019-083.6x₹739 cr7.5%9.0%1.2x
2019-074.0x₹739 cr7.5%9.0%1.2x
2019-065.3x₹739 cr7.5%9.0%1.2x
2019-056.2x₹717 cr5.9%5.0%1.2x
2019-044.5x₹717 cr5.9%5.0%1.2x
2019-034.6x₹717 cr5.9%5.0%1.2x
2019-025.0x₹717 cr5.9%5.0%1.2x
2019-013.5x₹717 cr5.9%5.0%1.2x

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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