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MANAKSIA COATED METALS & IND (MANAKCOAT)

Non-Energy Minerals · Steel · 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.67 / 100
Profitability 67Growth 79Balance sheet 54
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.57 / 100
Price 98Earnings 70FII/DII 2

Passes these screensQuality CompounderDebt-light & profitableLittle growth priced inConsistent compoundersNear 52-week high

Compare withJSW STEELTATA STEELJINDAL STEEL

Share price

Closing priceAdjusted for splits and bonus issues.

₹163.2 latest close · +38.1% over the last 90 sessions

₹120₹140₹160Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹120₹140₹160Jul 3Sep 4Nov 9

₹163.2 month-end · +12.1% over 12 months

₹100₹120₹140₹160Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹100₹120₹140₹160Nov '25May '26Nov '26

₹163.2 month-end · +416.5% over 3 years

₹50₹100₹150Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹50₹100₹150Nov '23May '25Nov '26

₹163.2 month-end · +2391.6% since Jan '19

₹0₹50₹100₹150Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹50₹100₹150Jan '19Dec '22Nov '26

52-week range ₹94.20 to ₹167.20 · 1-year volatility 43.5%

Was the rally earned?

+12%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 28 points, but investors now pay less per rupee of profit (P/E 49.2x to 42.5x), which took 15 points back.
  • The share count rose 22%.
Net profit growth: +48 pts. Points of the price return explained by net profit growing (or shrinking).+48 ptsNet profit growthP/E change: −15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−15 ptsP/E changeShare count change: −21 pts. Points of the price return explained by the share count changing. More shares count against the price.−21 ptsShare count changeShare price: +12%+12%Share priceNet profit growth: +48 pts. Points of the price return explained by net profit growing (or shrinking).+48ProfitP/E change: −15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−15P/EShare count change: −21 pts. Points of the price return explained by the share count changing. More shares count against the price.−21SharesShare price: +12%+12%Share price
Net profit growth+48 ptsNet profit rose about 58%, which lifts the price.
P/E change-15 ptsThe P/E fell from 49.2x to 42.5x, which lowers the price.
Share count change-21 ptsShare count rose 22%, which lowers the price.
+417%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 251 points and the multiple added 166 points (P/E 22.1x to 42.5x).
  • The share count rose 70%.
Net profit growth: +385 pts. Points of the price return explained by net profit growing (or shrinking).+385 ptsNet profit growthP/E change: +166 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+166 ptsP/E changeShare count change: −134 pts. Points of the price return explained by the share count changing. More shares count against the price.−134 ptsShare count changeShare price: +417%+417%Share priceNet profit growth: +385 pts. Points of the price return explained by net profit growing (or shrinking).+385ProfitP/E change: +166 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+166P/EShare count change: −134 pts. Points of the price return explained by the share count changing. More shares count against the price.−134SharesShare price: +417%+417%Share price
Net profit growth+385 ptsNet profit rose about 356%, which lifts the price.
P/E change+166 ptsThe P/E rose from 22.1x to 42.5x, which lifts the price.
Share count change-134 ptsShare count rose 70%, which lowers the price.
+700%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 492 points to the rise, while the multiple moved less (P/E 22.9x to 42.5x).
  • The share count rose 58%.
Net profit growth: +647 pts. Points of the price return explained by net profit growing (or shrinking).+647 ptsNet profit growthP/E change: +208 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+208 ptsP/E changeShare count change: −155 pts. Points of the price return explained by the share count changing. More shares count against the price.−155 ptsShare count changeShare price: +700%+700%Share priceNet profit growth: +647 pts. Points of the price return explained by net profit growing (or shrinking).+647ProfitP/E change: +208 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+208P/EShare count change: −155 pts. Points of the price return explained by the share count changing. More shares count against the price.−155SharesShare price: +700%+700%Share price
Net profit growth+647 ptsNet profit rose about 583%, which lifts the price.
P/E change+208 ptsThe P/E rose from 22.9x to 42.5x, which lifts the price.
Share count change-155 ptsShare count rose 58%, 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 JSW STEEL

How rough has the ride been?

Maximum drawdown-76.4%recovered 2024-05
1-year volatility43.5%annualised
Beta vs sector index0.563-year daily, correlation 0.23
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−75.2% 0%−25%−50%−75%2020202220242026−75.2%
Largest drawdowns

-76.4% (2022-01 peak to 2023-03 low, recovered 2024-05)

-69.1% (2019-02 peak to 2020-04 low, recovered 2020-12)

-46.4% (2025-10 peak to 2026-03 low, not yet recovered)

Most recent volume spikes

2026-10-29: 14.6x the 50-day median, price +11.5% that day

2026-09-10: 6.4x the 50-day median, price -1.6% that day

2026-07-15: 6.6x the 50-day median, price -7.4% 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?

42.5xP/E todayNear its historic high
Against its own history86th percentile
CheapestMedian 25.7xDearest

Usual range 12.7x to 47.0x since 2019-01.

Against Non-Energy Minerals42.5x vs 21.8x
This company
42.5x
Sector median
21.8x

95% above the Non-Energy Minerals median.

8.6x32.6x56.5x80.5xJan '19Aug '20Mar '22Oct '23May '25Nov '268.6x32.6x56.5x80.5xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals 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 Non-Energy Minerals is valued

Where does it rank among Non-Energy Minerals peers?

Each cell is the company's percentile rank among its Non-Energy Minerals peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE82nd▲ 16 pts vs a year ago
  • Op. margin53rd▲ 10 pts vs a year ago
  • Revenue growth41st▼ 27 pts vs a year ago
  • EPS growth70th▼ 17 pts vs a year ago
  • Debt/equity ↓47th▲ 14 pts vs a year ago
  • Cash cycle ↓45th▼ 23 pts vs a year ago
  • P/E ↓22nd▲ 5 pts vs a year ago
  • 12M momentum74th▼ 26 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 Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory

What is the price implying?

~35%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 100.0x, a holder earning 12%/yr needs earnings to grow about 35.3%/yr for 10 years, then trade at 15x.

Delivered49.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−14.2 ptsimplied minus delivered
Rank746thmost demanding of 856

Over time

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

0%25%50% Jan 2019Nov 2026 0%25%50% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x37.1%38.3%39.6%
15x34.1%35.3%36.5%
20x30.3%31.5%32.7%

Drag a slider to test other assumptions

Implied: 35.3%/yr

Looking back

  • Jan 2021Price implied 21%/yr; EPS has since grown 43%/yr (6.0 yrs)
  • Jan 2022Price implied 35%/yr; EPS has since grown 34%/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 Non-Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹163.20
P/E
42.5x
ROCE
18.0%
Market Cap
₹1743 cr
Revenue (TTM)
₹896 cr
P/S
1.9x
P/B
5.0x
ROE
11.7%
Operating Margin
11.0%
Debt / Equity
0.4x
Promoter Holding
57.8%
12M Momentum
12.1%

52-week range

₹94.20₹167.20
95% of the way from its 52-week low to its high

Price risk

1Y volatility
43.5%
Beta vs sector
1-year daily
0.63

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.57x
Share count, 1Y
+37.5%

Are profits backed by cash?

3 of 7checks within range4 near a threshold
Other income reliance15%Within range

Other income as a share of pre-tax profit (trailing twelve months): 14.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.57xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.57x (cash from operations ₹38 cr, net profit ₹67 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+16 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 16 days (40 vs 24). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress18% of fixed assetsWithin range

Capital work-in-progress is 18% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+31 days / 2 yrsNear threshold

Days payable changed by +31 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, promoters trimmed 9.7 pts; DIIs added 0.6 pts.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters67.4%57.8%-9.7 pts
FIIs0.0%0.2%+0.2 pts
DIIs0.0%0.6%+0.6 pts
Public and others32.6%41.4%+8.9 pts

Number of shareholders

27,944shareholders-4% since Dec '23
25k27k28k30k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 29,186
Mar '24: 29,681
Jun '24: 26,437
Sep '24: 25,208
Dec '24: 26,772
Mar '25: 25,825
Jun '25: 26,463
Sep '25: 27,566
Dec '25: 29,277
Mar '26: 27,995
Jun '26: 27,944
 25k27k28k30k Dec '23Dec '24Dec '25Jun '26
Dec '23: 29,186
Mar '24: 29,681
Jun '24: 26,437
Sep '24: 25,208
Dec '24: 26,772
Mar '25: 25,825
Jun '25: 26,463
Sep '25: 27,566
Dec '25: 29,277
Mar '26: 27,995
Jun '26: 27,944

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

+1.3%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 MANAKSIA COATED METALS & IND 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 −22% to +44% vs the market, against +1% for all non-financial companies in the same months.
  • The gap against the base rate (+0.3%, 80% range −7.5% to +20.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
EVERESTIND · Dec 2023: −52.0% vs market
HUHTAMAKI · Sep 2020: −47.7% vs market
VRLLOG · Mar 2023: −41.4% vs market
CARYSIL · Nov 2023: −35.6% vs market
CAMLINFINE · Dec 2022: −33.2% vs market
GREENLAM · Jan 2020: −32.6% vs market
NRBBEARING · Dec 2023: −29.2% vs market
EVEREADY · Aug 2025: −27.4% vs market
XPROINDIA · Sep 2023: −26.1% vs market
SHK · May 2021: −25.9% vs market
PUNJABCHEM · Jul 2025: −25.1% vs market
SUBROS · Jan 2021: −22.2% vs market
PIXTRANS · Jul 2023: −22.2% vs market
GREENPLY · Oct 2021: −20.7% vs market
FAZE3Q · Apr 2025: −12.2% vs market
HLEGLAS · Jul 2025: −9.4% vs market
ASALCBR · Mar 2021: −9.0% vs market
ORIENTHOT · Aug 2024: −8.5% vs market
JKIL · Jul 2022: −6.2% vs market
DYCL · Oct 2024: −6.1% vs market
BAJAJELEC · Aug 2021: −5.3% vs market
KCP · Apr 2021: −4.5% vs market
KIRLOSBROS · Mar 2021: −4.3% vs market
ARTEMISMED · Jul 2024: −3.8% vs market
ADOR · May 2020: +0.8% vs market
ORIENTCEM · Nov 2023: +1.8% vs market
RUPA · Dec 2020: +6.8% vs market
MINDACORP · Jan 2022: +8.0% vs market
HIKAL · Apr 2021: +21.3% vs market
LUMAXIND · Nov 2022: +23.1% vs market
FIEMIND · Oct 2021: +24.4% vs market
IRISDOREME · Dec 2022: +25.8% vs market
ACE · Nov 2020: +30.1% vs market
JAMNAAUTO · Jul 2021: +30.4% vs market
ASTRAMICRO · Sep 2023: +35.3% vs market
JASH · Sep 2022: +43.5% vs market
TCI · May 2021: +43.6% vs market
PITTIENG · Aug 2023: +44.2% vs market
THEJO · Mar 2020: +44.2% vs market
VARROC · Sep 2025: +45.3% vs market
MAHSEAMLES · Apr 2022: +48.8% vs market
PRICOLLTD · Jul 2022: +59.7% vs market
DOLLAR · Nov 2020: +63.6% vs market
SMSPHARMA · Jun 2020: +70.1% vs market
BECTORFOOD · Jan 2023: +81.2% vs market
MARINE · Jan 2024: +82.7% vs market
ELECON · May 2022: +146.4% vs market
SHAILY · Feb 2024: +193.2% vs market
JBMA · Jan 2021: +197.3% vs market
BSHSL · Aug 2022: +297.5% vs market
Similar setups +1.3%All companies +1.0%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
+1.3%
All companies' median
+1.0%
Beat the market
52% vs 51%

50 past situations · 50 companies · 38 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JASH
Producer Manufacturing		 Sep 2022 30x17% +60%−3% +44%
HIKAL
Health Technology		 Apr 2021 39x14% +136%0% +21%
GREENPLY
Producer Manufacturing		 Oct 2021 42x15% +161%−5% −21%
ELECON
Producer Manufacturing		 May 2022 38x11% +67%−7% +146%
ASTRAMICRO
Electronic Technology		 Sep 2023 53x17% +42%−1% +35%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PUNJABCHEM
Process Industries		 Jul 2025 46x15% +8%−6% −25%
BAJAJELEC
Consumer Durables		 Aug 2021 49x12% +144%0% −5%
PRICOLLTD
Producer Manufacturing		 Jul 2022 36x14% +57%0% +60%
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, drawdown from 12-month high and size. 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 MANAKSIA COATED METALS & IND. 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.

TALBROS AUTOMOTIVE COMPONENTSTALBROAUTO
Producer Manufacturing
62%similar
ROCErevenue
SHREE PUSHKAR CHEMICALSSHREEPUSHK
Process Industries
61%similar
operating marginmarket cap
ARTEMIS MEDICARE SERVICESARTEMISMED
Health Services
60%similar
P/EEPS growth
THEJO ENGINEERINGTHEJO
Distribution Services
60%similar
revenue growthROCE
UNITED POLYFAB GUJARATUNITEDPOLY
Process Industries
60%similar
ROCEP/E
RESPONSIVE INDUSTRIESRESPONIND
Non-Energy Minerals
60%similar
promoter holdingoperating margin
VENUS PIPES TUBESVENUSPIPES
Non-Energy Minerals
59%similar
debt/equityEPS growth
SAMBHV STEEL TUBESSAMBHV
Non-Energy Minerals
53%similar
debt/equitypromoter holding

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

What changed?

30 events since Sep '24

  1. OctPriceVolume reached 14.6x its 50-day median on 2026-10-29; price +11.5% that day.
  2. SepPeer rankMoved into the 2nd quartile of Non-Energy Minerals on operating margin (from the 3rd quartile).
  3. JulSharesShare count is up 37.5% over 12 months.
  4. JulPriceVolume reached 10.6x its 50-day median on 2026-07-13; price +2.6% that day.
  5. JunResultsRevenue (TTM) reached a new high of ₹884 cr.
  6. JunPeer rankMoved into the top quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
  7. JunDividendDividend payout cut from 3% to 1% of profit.
  8. JunPriceVolume reached 7.0x its 50-day median on 2026-06-29; price +3.9% that day.
Show 22 earlier events
  1. MarPriceFell 46% from the Oct 2025 peak to the Mar 2026 low.
  2. MarPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
  3. FebPriceVolume reached 58.6x its 50-day median on 2026-02-26; price +0.4% that day.
  4. DecPeer rankMoved into the 2nd quartile of Non-Energy Minerals on operating margin (from the 3rd quartile).
  5. OctValuationP/E crossed above the 90th percentile of its own history to date (51.5x).
  6. OctPriceVolume reached 155.0x its 50-day median on 2025-10-13; price +11.0% that day.
  7. SepPromoterPromoter holding fell 9.5 pts to 56.2%.
  8. SepInstitutionsFII + DII holding rose 7.6 pts over 1 quarter to 9.0%.
  9. JulPriceVolume reached 16.3x its 50-day median on 2025-07-24; price +6.7% that day.
  10. JunPromoterPromoter holding fell 3.5 pts to 65.7%.
  11. JunResultsRevenue (TTM) reached a new high of ₹782 cr.
  12. JunPriceRegained the 2024-12 peak, 3 months after the low.
  13. JunPeer rankMoved into the top quartile of Non-Energy Minerals on EPS growth (from the 2nd quartile).
  14. JunDebtDebt / equity fell below 1.0x (0.64x).
  15. JunSharesShare count is up 14.3% over 12 months.
  16. MayPriceVolume reached 15.8x its 50-day median on 2025-05-21; price -0.3% that day.
  17. AprValuationP/E crossed above the 90th percentile of its own history to date (44.0x).
  18. MarPriceFell 38% from the Dec 2024 peak to the Mar 2025 low.
  19. FebPriceVolume reached 8.1x its 50-day median on 2025-02-19; price +4.6% that day.
  20. DecPriceVolume reached 22.8x its 50-day median on 2024-12-10; price +4.7% that day.
  21. NovValuationP/E crossed above the 90th percentile of its own history to date (36.9x).
  22. SepPeer rankMoved into the 2nd quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).

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
2026-1142.5x₹896 cr11.7%18.0%0.4x
2026-1036.5x₹896 cr11.5%18.0%0.4x
2026-0933.1x₹896 cr11.5%18.0%0.4x
2026-0831.7x₹884 cr11.5%18.0%0.4x
2026-0731.1x₹884 cr11.5%18.0%0.4x
2026-0629.3x₹884 cr11.5%18.0%0.4x
2026-0526.2x₹865 cr17.6%15.0%0.6x
2026-0427.4x₹865 cr17.6%15.0%0.6x
2026-0324.3x₹865 cr17.6%15.0%0.6x
2026-0229.8x₹883 cr16.7%15.0%0.6x
2026-0132.2x₹883 cr16.7%15.0%0.6x
2025-1233.3x₹883 cr16.7%15.0%0.6x
2025-1149.2x₹838 cr11.5%15.0%0.6x
2025-1051.5x₹838 cr11.5%15.0%0.6x
2025-0943.8x₹838 cr11.5%15.0%0.6x
2025-0871.6x₹782 cr6.6%15.0%0.6x
2025-0780.5x₹782 cr6.6%15.0%0.6x
2025-0666.0x₹782 cr6.6%15.0%0.6x
2025-0553.3x₹757 cr9.9%15.0%1.2x
2025-0444.0x₹757 cr9.9%15.0%1.2x
2025-0337.9x₹757 cr9.9%15.0%1.2x
2025-0238.9x₹743 cr9.2%15.0%1.2x
2025-0152.0x₹743 cr9.2%15.0%1.2x
2024-1258.4x₹743 cr9.2%15.0%1.2x
2024-1136.9x₹763 cr9.2%15.0%1.2x
2024-1029.7x₹763 cr9.2%15.0%1.2x
2024-0934.6x₹763 cr9.2%15.0%1.2x
2024-0842.5x₹740 cr7.2%15.0%1.2x
2024-0742.5x₹740 cr7.2%15.0%1.2x
2024-0640.7x₹740 cr7.2%15.0%1.2x
2024-0544.2x₹652 cr7.5%10.0%1.6x
2024-0434.4x₹652 cr7.5%10.0%1.6x
2024-0321.1x₹652 cr7.5%10.0%1.6x
2024-0228.2x₹652 cr7.5%10.0%1.6x
2024-0124.1x₹652 cr7.5%10.0%1.6x
2023-1219.7x₹652 cr7.5%10.0%1.6x
2023-1122.1x₹652 cr7.5%10.0%1.6x
2023-1017.7x₹652 cr7.5%10.0%1.6x
2023-0917.1x₹652 cr7.5%10.0%1.6x
2023-0812.7x₹652 cr7.5%10.0%1.6x
2023-0711.9x₹652 cr7.5%10.0%1.6x
2023-0612.1x₹652 cr7.5%10.0%1.6x
2023-0512.8x₹648 cr8.3%13.0%1.6x
2023-0411.7x₹648 cr8.3%13.0%1.6x
2023-0311.2x₹648 cr8.3%13.0%1.6x
2023-0212.7x₹648 cr8.3%13.0%1.6x
2023-0114.9x₹648 cr8.3%13.0%1.6x
2022-1213.6x₹648 cr8.3%13.0%1.6x
2022-1113.4x₹648 cr8.3%13.0%1.6x
2022-1013.6x₹648 cr8.3%13.0%1.6x
2022-0914.4x₹648 cr8.3%13.0%1.6x
2022-0814.4x₹648 cr8.3%13.0%1.6x
2022-0714.8x₹648 cr8.3%13.0%1.6x
2022-0615.0x₹648 cr8.3%13.0%1.6x
2022-0525.7x₹446 cr6.0%11.0%1.5x
2022-0427.4x₹446 cr6.0%11.0%1.5x
2022-0329.2x₹446 cr6.0%11.0%1.5x
2022-0225.8x₹446 cr6.0%11.0%1.5x
2022-0138.3x₹446 cr6.0%11.0%1.5x
2021-1247.8x₹446 cr6.0%11.0%1.5x

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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