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MARICO LIMITED (MARICO)

Consumer Non-Durables · Household/Personal Care · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.79 / 100
Profitability 88Growth 68Balance sheet 80
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.64 / 100
Price 75Earnings 62FII/DII 55

Passes these screensQuality CompounderHigh MomentumDebt-light & profitableConsistent compoundersNear 52-week high

Compare withHINDUSTAN UNILEVERGODREJ CONSUMER PRODUCTSDABUR INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹902 latest close · +7.6% over the last 90 sessions

₹800₹850₹900Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹800₹850₹900Jul 3Sep 4Nov 9

₹902 month-end · +25.7% over 12 months

₹700₹800₹900Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹700₹800₹900Nov '25May '26Nov '26

₹902 month-end · +67.5% over 3 years

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

₹902 month-end · +145.9% since Jan '19

₹400₹600₹800Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹400₹600₹800Jan '19Dec '22Nov '26

52-week range ₹705.80 to ₹904.00 · 1-year volatility 21.2%

Was the rally earned?

+26%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings added 14 points and the multiple added 12 points (P/E 55.7x to 62.0x).
  • The share count rose 2%.
Net profit growth: +16 pts. Points of the price return explained by net profit growing (or shrinking).+16 ptsNet profit growthP/E change: +12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+12 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: +26%+26%Share priceNet profit growth: +16 pts. Points of the price return explained by net profit growing (or shrinking).+16ProfitP/E change: +12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+12P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +26%+26%Share price
Net profit growth+16 ptsNet profit rose about 15%, which lifts the price.
P/E change+12 ptsThe P/E rose from 55.7x to 62.0x, which lifts the price.
Share count change-2 ptsShare count rose 2%, which lowers the price.
+68%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 48 points to the rise, while the multiple moved less (P/E 53.5x to 62.0x).
  • The share count rose 2%.
Net profit growth: +51 pts. Points of the price return explained by net profit growing (or shrinking).+51 ptsNet profit growthP/E change: +19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+19 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: +68%+68%Share priceNet profit growth: +51 pts. Points of the price return explained by net profit growing (or shrinking).+51ProfitP/E change: +19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+19P/EShare count change: −3 pts. Points of the price return explained by the share count changing. More shares count against the price.−3SharesShare price: +68%+68%Share price
Net profit growth+51 ptsNet profit rose about 48%, which lifts the price.
P/E change+19 ptsThe P/E rose from 53.5x to 62.0x, which lifts the price.
Share count change-3 ptsShare count rose 2%, which lowers the price.
+68%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 62 points to the rise, while the multiple moved less (P/E 59.3x to 62.0x).
  • The share count barely moved.
Net profit growth: +64 pts. Points of the price return explained by net profit growing (or shrinking).+64 ptsNet profit growthP/E change: +6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+6 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: +68%+68%Share priceNet profit growth: +64 pts. Points of the price return explained by net profit growing (or shrinking).+64ProfitP/E change: +6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+6P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +68%+68%Share price
Net profit growth+64 ptsNet profit rose about 63%, which lifts the price.
P/E change+6 ptsThe P/E rose from 59.3x to 62.0x, which lifts the price.
Share count change-2 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 HINDUSTAN UNILEVER

How rough has the ride been?

Maximum drawdown-39.4%recovered 2020-12
1-year volatility21.2%annualised
Beta vs sector index0.943-year daily, correlation 0.56
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−10%−20%−30%2020202120222023202420252026−36.1% 0%−10%−20%−30%2020202220242026−36.1%
Largest drawdowns

-39.4% (2019-09 peak to 2020-03 low, recovered 2020-12)

-20.7% (2021-10 peak to 2022-01 low, recovered 2023-08)

-17.1% (2024-09 peak to 2025-03 low, recovered 2025-04)

Most recent volume spikes

2026-11-03: 9.4x the 50-day median, price +10.0% 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?

62.0xP/E todayNear its historic high
Against its own history97th percentile
CheapestMedian 54.6xDearest

Usual range 43.6x to 60.0x since 2019-01.

Against Consumer Non-Durables62.0x vs 26.8x
This company
62.0x
Sector median
26.8x

132% above the Consumer Non-Durables median.

14.2x30.8x47.5x64.1xJan '19Aug '20Mar '22Oct '23May '25Nov '2614.2x30.8x47.5x64.1xJan '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

The chart loads when you open this tab.

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

  • ROCE95thflat vs a year ago
  • Op. margin82ndflat vs a year ago
  • Revenue growth80th▲ 12 pts vs a year ago
  • EPS growth50th▼ 12 pts vs a year ago
  • Debt/equity ↓67thflat vs a year ago
  • Cash cycle ↓87th▲ 8 pts vs a year ago
  • P/E ↓20th▼ 9 pts vs a year ago
  • 12M momentum86th▲ 6 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?

~25%annual earnings growth implied by the priceAbove delivered growth

At P/E of 62.0x, a holder earning 12%/yr needs earnings to grow about 25.4%/yr for 10 years, then trade at 15x.

Delivered9.0%/yrEPS, last 10 fiscal years · fitted trend
Gap+16.4 ptsimplied minus delivered
Rank211thmost demanding of 856

Over time

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

0%13%26% Jan 2019Nov 2026 0%13%26% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x26.5%27.7%28.8%
15x24.3%25.4%26.5%
20x21.3%22.4%23.5%

Drag a slider to test other assumptions

Implied: 25.4%/yr

Looking back

  • Jan 2020Price implied 19%/yr; EPS has since grown 7%/yr (7.0 yrs)
  • Jan 2021Price implied 24%/yr; EPS has since grown 10%/yr (6.0 yrs)
  • Jan 2022Price implied 24%/yr; EPS has since grown 9%/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
₹902.00
P/E
62.0x
ROCE
47.0%
Market Cap
₹1.17L cr
Revenue (TTM)
₹14277 cr
P/S
8.2x
P/B
27.9x
ROE
44.9%
Operating Margin
21.0%
Debt / Equity
0.1x
Promoter Holding
58.9%
12M Momentum
25.7%

52-week range

₹705.80₹904.00
99% of the way from its 52-week low to its high

Price risk

1Y volatility
21.2%
Beta vs sector
1-year daily
0.76

Balance sheet & cash

Interest cover
operating profit ÷ interest
38.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.97x
Share count, 1Y
+0.8%

Are profits backed by cash?

7 of 7checks within rangeAll clear
Other income reliance8%Within range

Other income as a share of pre-tax profit (trailing twelve months): 8.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate22%Within range

Median quarterly effective tax rate over about 2.5 years: 21.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.97xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.97x (cash from operations ₹4,834 cr, net profit ₹4,973 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

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

Receivable days vs history-5 daysWithin range

Debtor days are below the median of the previous three fiscal years by 5 days (35 vs 40). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress2% of fixed assetsWithin range

Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-29 days / 2 yrsWithin range

Days payable changed by -29 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, DIIs added 3.4 pts; FIIs trimmed 2.5 pts.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters59.4%58.9%-0.5 pts
FIIs25.9%23.4%-2.5 pts
DIIs9.5%12.9%+3.4 pts
Public and others5.0%4.5%-0.5 pts

Number of shareholders

2.9 lakhshareholders-5% since Sep '23
2.8L2.9L3.1L3.2L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 3.1 lakh
Dec '23: 3.2 lakh
Mar '24: 3.2 lakh
Jun '24: 3.0 lakh
Sep '24: 3.0 lakh
Dec '24: 3.0 lakh
Mar '25: 2.9 lakh
Jun '25: 2.9 lakh
Sep '25: 2.9 lakh
Dec '25: 2.8 lakh
Mar '26: 2.9 lakh
Jun '26: 2.9 lakh
 2.8L2.9L3.1L3.2L Sep '23Sep '24Sep '25Jun '26
Sep '23: 3.1 lakh
Dec '23: 3.2 lakh
Mar '24: 3.2 lakh
Jun '24: 3.0 lakh
Sep '24: 3.0 lakh
Dec '24: 3.0 lakh
Mar '25: 2.9 lakh
Jun '25: 2.9 lakh
Sep '25: 2.9 lakh
Dec '25: 2.8 lakh
Mar '26: 2.9 lakh
Jun '26: 2.9 lakh

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

−11.0%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like MARICO 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 +2% vs the market, against −4% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −7.0%, 80% range −15.4% to −4.4%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%
PETRONET · May 2020: −45.1% vs market
CRISIL · Dec 2024: −38.5% vs market
BRITANNIA · Jun 2020: −38.0% vs market
LTTS · Jan 2025: −35.6% vs market
COLPAL · Jan 2021: −34.7% vs market
POLYMED · Oct 2024: −32.2% vs market
PGHH · Mar 2020: −31.3% vs market
ITC · Apr 2023: −30.7% vs market
ABBOTINDIA · Jun 2025: −28.8% vs market
HINDUNILVR · Feb 2020: −28.0% vs market
GLAXO · Jan 2020: −26.1% vs market
DABUR · Jul 2020: −25.3% vs market
EMAMILTD · Jun 2021: −25.0% vs market
UBL · Mar 2020: −24.8% vs market
GRINDWELL · Jul 2023: −24.3% vs market
SUMICHEM · May 2022: −21.3% vs market
COFORGE · Dec 2024: −18.5% vs market
PIDILITIND · Feb 2020: −18.2% vs market
PAGEIND · Jun 2025: −16.4% vs market
UNITDSPR · Dec 2024: −15.9% vs market
BERGEPAINT · Sep 2020: −15.3% vs market
PIIND · Oct 2020: −14.5% vs market
ASIANPAINT · Oct 2020: −12.2% vs market
BAJAJ-AUTO · Aug 2024: −11.9% vs market
GILLETTE · Oct 2024: −11.7% vs market
AJANTPHARM · Jul 2020: −10.2% vs market
PGHL · Sep 2025: −9.7% vs market
SFL · Feb 2020: −8.4% vs market
SCHAEFFLER · Sep 2025: −7.9% vs market
3MINDIA · Jul 2023: −7.9% vs market
TCS · Sep 2020: −7.4% vs market
ATUL · Feb 2020: −6.3% vs market
PERSISTENT · Sep 2024: −4.1% vs market
BEL · Jun 2025: −2.5% vs market
NH · Mar 2025: −2.5% vs market
HCLTECH · May 2020: −1.4% vs market
CROMPTON · Sep 2020: +0.1% vs market
HAVELLS · Aug 2021: +2.4% vs market
SOLARINDS · Jun 2025: +6.0% vs market
CUMMINSIND · Oct 2025: +8.3% vs market
LALPATHLAB · Aug 2025: +8.6% vs market
CGPOWER · Aug 2023: +10.1% vs market
INFY · Dec 2020: +11.4% vs market
SUPREMEIND · Feb 2020: +12.9% vs market
NESTLEIND · Apr 2025: +14.5% vs market
HONAUT · Jan 2020: +16.9% vs market
DIVISLAB · Feb 2020: +17.3% vs market
EICHERMOT · Mar 2025: +26.6% vs market
TORNTPHARM · Sep 2025: +32.5% vs market
INOXINDIA · Sep 2025: +73.2% vs market
Similar setups −11.0%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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−11.0%
All companies' median
−4.0%
Beat the market
28% vs 46%

50 past situations · 50 companies · 27 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PAGEIND
Consumer Non-Durables		 Jun 2025 76x59% +26%0% −16%
ABBOTINDIA
Health Technology		 Jun 2025 52x46% +29%0% −29%
BRITANNIA
Consumer Non-Durables		 Jun 2020 62x37% +31%0% −38%
CROMPTON
Producer Manufacturing		 Sep 2020 37x35% +17%0% 0%
ASIANPAINT
Process Industries		 Oct 2020 78x33% +22%−1% −12%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TCS
Technology Services		 Sep 2020 29x47% +19%−1% −7%
DABUR
Consumer Non-Durables		 Jul 2020 63x28% +20%−1% −25%
PERSISTENT
Technology Services		 Sep 2024 72x29% +88%0% −4%
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: P/S, 12-month momentum and P/E. 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 MARICO 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.

AJANTA PHARMAAJANTPHARM
Health Technology
71%similar
ROCEvolatility
SUN PHARMACEUTICAL INDUSTRIESSUNPHARMA
Health Technology
70%similar
volatilityEPS growth
PIDILITE INDUSTRIESPIDILITIND
Process Industries
69%similar
P/Erevenue
ASIAN PAINTS INDIAASIANPAINT
Process Industries
66%similar
operating marginmarket cap
BHARAT ELECTRONICSBEL
Electronic Technology
65%similar
market capROCE
NESTLE INDIANESTLEIND
Consumer Non-Durables
84%similar
volatilityP/E
UNITED SPIRITSUNITDSPR
Consumer Non-Durables
72%similar
revenuemarket cap
BRITANNIA INDUSTRIESBRITANNIA
Consumer Non-Durables
68%similar
volatilitymarket cap

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

What changed?

30 events since Mar '20

  1. NovValuationP/E crossed above the 90th percentile of its own history to date (62.0x).
  2. NovPriceVolume reached 9.4x its 50-day median on 2026-11-03; price +10.0% that day.
  3. SepPeer rankMoved into the top quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
  4. JunPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  5. JunDividendDividend payout cut from 83% to 30% of profit.
  6. FebValuationP/E crossed above the 90th percentile of its own history to date (61.3x).
  7. DecPeer rankSlipped to the 2nd quartile of Consumer Non-Durables on operating margin (from the top quartile).
  8. SepPeer rankMoved into the top quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
Show 22 earlier events
  1. JunPeer rankSlipped to the 2nd quartile of Consumer Non-Durables on operating margin (from the top quartile).
  2. OctPriceVolume reached 7.5x its 50-day median on 2024-10-30; price +3.5% that day.
  3. SepResultsRevenue (TTM) reached a new high of ₹9,819 cr.
  4. SepValuationP/E crossed above the 90th percentile of its own history to date (59.3x).
  5. SepPriceVolume reached 7.9x its 50-day median on 2024-09-27; price -0.2% that day.
  6. MayValuationP/E crossed above the 90th percentile of its own history to date (59.1x).
  7. MayPriceVolume reached 26.1x its 50-day median on 2024-05-07; price +10.0% that day.
  8. JulPriceVolume reached 6.7x its 50-day median on 2023-07-28; price +3.7% that day.
  9. JunResultsRevenue (TTM) reached a new high of ₹9,764 cr.
  10. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on EPS growth (from the 3rd quartile).
  11. JunDividendDividend payout cut from 97% to 45% of profit.
  12. MayPriceVolume reached 8.6x its 50-day median on 2023-05-08; price +7.5% that day.
  13. JunResultsRevenue (TTM) reached a new high of ₹9,512 cr.
  14. JunPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  15. JunResultsYear-on-year EPS growth turned positive.
  16. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on EPS growth (from the 3rd quartile).
  17. MayValuationP/E crossed above the 90th percentile of its own history to date (60.1x).
  18. MayPriceVolume reached 12.9x its 50-day median on 2021-05-03; price +8.2% that day.
  19. DecPriceRegained the 2019-09 peak, 9 months after the low.
  20. JunResultsYear-on-year EPS growth turned negative.
  21. JunPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the top quartile).
  22. MarPriceFell 39% from the Sep 2019 peak to the Mar 2020 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1162.0x₹14277 cr44.9%47.0%0.1x
2026-1055.0x₹14277 cr44.9%47.0%0.1x
2026-0954.1x₹14277 cr44.9%47.0%0.1x
2026-0860.4x₹13541 cr41.7%47.0%0.1x
2026-0764.1x₹13541 cr41.7%47.0%0.1x
2026-0661.6x₹13541 cr41.7%47.0%0.1x
2026-0562.2x₹12970 cr42.6%45.0%0.1x
2026-0458.6x₹12970 cr42.6%45.0%0.1x
2026-0355.7x₹12970 cr42.6%45.0%0.1x
2026-0261.3x₹12227 cr41.3%45.0%0.1x
2026-0156.7x₹12227 cr41.3%45.0%0.1x
2025-1258.4x₹12227 cr41.3%45.0%0.1x
2025-1155.7x₹11409 cr41.3%45.0%0.1x
2025-1055.9x₹11409 cr41.3%45.0%0.1x
2025-0954.1x₹11409 cr41.3%45.0%0.1x
2025-0857.7x₹10831 cr40.4%45.0%0.1x
2025-0756.4x₹10831 cr40.4%45.0%0.1x
2025-0657.4x₹10831 cr40.4%45.0%0.1x
2025-0557.8x₹10379 cr41.3%43.0%0.1x
2025-0457.3x₹10379 cr41.3%43.0%0.1x
2025-0352.6x₹10379 cr41.3%43.0%0.1x
2025-0248.9x₹10007 cr40.8%43.0%0.1x
2025-0154.7x₹10007 cr40.8%43.0%0.1x
2024-1252.1x₹10007 cr40.8%43.0%0.1x
2024-1155.0x₹9819 cr38.9%43.0%0.1x
2024-1054.6x₹9819 cr38.9%43.0%0.1x
2024-0959.3x₹9819 cr38.9%43.0%0.1x
2024-0856.5x₹9653 cr38.0%43.0%0.1x
2024-0758.9x₹9653 cr38.0%43.0%0.1x
2024-0653.5x₹9653 cr38.0%43.0%0.1x
2024-0559.1x₹9764 cr33.7%42.0%0.2x
2024-0451.4x₹9764 cr33.7%42.0%0.2x
2024-0349.4x₹9764 cr33.7%42.0%0.2x
2024-0251.9x₹9764 cr33.7%42.0%0.2x
2024-0152.4x₹9764 cr33.7%42.0%0.2x
2023-1254.5x₹9764 cr33.7%42.0%0.2x
2023-1153.5x₹9764 cr33.7%42.0%0.2x
2023-1053.3x₹9764 cr33.7%42.0%0.2x
2023-0955.8x₹9764 cr33.7%42.0%0.2x
2023-0856.6x₹9764 cr33.7%42.0%0.2x
2023-0755.7x₹9764 cr33.7%42.0%0.2x
2023-0652.7x₹9764 cr33.7%42.0%0.2x
2023-0557.3x₹9512 cr36.3%43.0%0.1x
2023-0452.4x₹9512 cr36.3%43.0%0.1x
2023-0350.6x₹9512 cr36.3%43.0%0.1x
2023-0251.9x₹9512 cr36.3%43.0%0.1x
2023-0152.5x₹9512 cr36.3%43.0%0.1x
2022-1253.8x₹9512 cr36.3%43.0%0.1x
2022-1153.5x₹9512 cr36.3%43.0%0.1x
2022-1055.3x₹9512 cr36.3%43.0%0.1x
2022-0956.7x₹9512 cr36.3%43.0%0.1x
2022-0855.4x₹9512 cr36.3%43.0%0.1x
2022-0754.6x₹9512 cr36.3%43.0%0.1x
2022-0650.4x₹9512 cr36.3%43.0%0.1x
2022-0558.8x₹8048 cr35.8%43.0%0.2x
2022-0457.5x₹8048 cr35.8%43.0%0.2x
2022-0355.5x₹8048 cr35.8%43.0%0.2x
2022-0256.7x₹8048 cr35.8%43.0%0.2x
2022-0153.1x₹8048 cr35.8%43.0%0.2x
2021-1256.5x₹8048 cr35.8%43.0%0.2x

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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