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MANGALAM GLOBAL ENTERPRISE LTD (MGEL)

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.53 / 100
Profitability 43Growth 94Balance sheet 23
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.69 / 100
Price 90Earnings 66FII/DII 52

Passes these screensConsistent compoundersNear 52-week high

Compare withPATANJALI FOODSGODREJ INDUSTRIESAWL AGRI BUSINESS

Share price

Closing priceAdjusted for splits and bonus issues.

₹17.67 latest close · +4.9% over the last 90 sessions

₹14₹16₹18Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹14₹16₹18Jul 3Sep 4Nov 9

₹17.67 month-end · +16.0% over 12 months

₹12₹14₹16₹18Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹12₹14₹16₹18Nov '25May '26Nov '26

₹17.67 month-end · +114.2% over 3 years

₹10₹15Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹10₹15Nov '23May '25Nov '26

₹17.67 month-end · +285.8% since Dec '20

₹10₹20Dec '20Feb '22Apr '23Jul '24Sep '25Nov '26 ₹10₹20Dec '20Dec '23Nov '26

52-week range ₹9.53 to ₹19.35 · 1-year volatility 46.1%

Was the rally earned?

+16%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 75 points, but investors now pay less per rupee of profit (P/E 21.2x to 12.3x), which took 59 points back.
  • The share count barely moved.
Net profit growth: +76 pts. Points of the price return explained by net profit growing (or shrinking).+76 ptsNet profit growthP/E change: −59 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−59 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: +16%+16%Share priceNet profit growth: +76 pts. Points of the price return explained by net profit growing (or shrinking).+76ProfitP/E change: −59 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−59P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +16%+16%Share price
Net profit growth+76 ptsNet profit rose about 102%, which lifts the price.
P/E change-59 ptsThe P/E fell from 21.2x to 12.3x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+114%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 192 points, but investors now pay less per rupee of profit (P/E 20.6x to 12.3x), which took 78 points back.
  • The share count barely moved.
Net profit growth: +194 pts. Points of the price return explained by net profit growing (or shrinking).+194 ptsNet profit growthP/E change: −78 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−78 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: +114%+114%Share priceNet profit growth: +194 pts. Points of the price return explained by net profit growing (or shrinking).+194ProfitP/E change: −78 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−78P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +114%+114%Share price
Net profit growth+194 ptsNet profit rose about 265%, which lifts the price.
P/E change-78 ptsThe P/E fell from 20.6x to 12.3x, which lowers the price.
Share count change-2 ptsShare count was little changed. More shares would count against the price.
+86%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 274 points, but investors now pay less per rupee of profit (P/E 47.4x to 12.3x), which took 187 points back.
  • The share count rose 32%.
Net profit growth: +312 pts. Points of the price return explained by net profit growing (or shrinking).+312 ptsNet profit growthP/E change: −187 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−187 ptsP/E changeShare count change: −38 pts. Points of the price return explained by the share count changing. More shares count against the price.−38 ptsShare count changeShare price: +86%+86%Share priceNet profit growth: +312 pts. Points of the price return explained by net profit growing (or shrinking).+312ProfitP/E change: −187 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−187P/EShare count change: −38 pts. Points of the price return explained by the share count changing. More shares count against the price.−38SharesShare price: +86%+86%Share price
Net profit growth+312 ptsNet profit rose about 849%, which lifts the price.
P/E change-187 ptsThe P/E fell from 47.4x to 12.3x, which lowers the price.
Share count change-38 ptsShare count rose 32%, 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 PATANJALI FOODS

How rough has the ride been?

Maximum drawdown-75.2%not yet recovered
1-year volatility46.1%annualised
Beta vs sector index1.063-year daily, correlation 0.33
Volume spikes12last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%20222023202420252026−75.2% 0%−25%−50%−75%20232025−75.2%
Largest drawdowns

-75.2% (2022-08 peak to 2023-03 low, not yet recovered)

-32.9% (2022-04 peak to 2022-06 low, recovered 2022-08)

-18.9% (2021-01 peak to 2021-03 low, recovered 2021-07)

Most recent volume spikes

2026-10-26: 7.2x the 50-day median, price +7.1% that day

2026-10-21: 5.3x the 50-day median, price +0.2% that day

2026-09-29: 5.2x the 50-day median, price +0.9% 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?

12.3xP/E todayNear its historic low
Against its own history14th percentile
CheapestMedian 24.0xDearest

Usual range 11.8x to 110.5x since 2020-12.

Against Process Industries12.3x vs 18.1x
This company
12.3x
Sector median
18.1x

32% below the Process Industries median.

9.6x59.8x110.0x160.1xDec '20Mar '22Jun '23Sep '24Dec '25Nov '269.6x59.8x110.0x160.1xDec '20Dec '22Dec '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

  • ROCE72ndflat vs a year ago
  • Op. margin13thflat vs a year ago
  • Revenue growth92nd▲ 29 pts vs a year ago
  • EPS growth87th▲ 29 pts vs a year ago
  • Debt/equity ↓19th▲ 6 pts vs a year ago
  • Cash cycle ↓80thflat vs a year ago
  • P/E ↓69th▲ 18 pts vs a year ago
  • 12M momentum76th▼ 11 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?

~19%annual earnings growth implied by the price

At a P/E of 27.6x, the price would imply about 19.0%/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
₹17.67
P/E
12.3x
ROCE
17.0%
Market Cap
₹582 cr
Revenue (TTM)
₹3478 cr
P/S
0.2x
P/B
2.3x
ROE
19.1%
Operating Margin
1.9%
Debt / Equity
0.9x
Promoter Holding
72.4%
12M Momentum
16.0%

52-week range

₹9.53₹19.35
83% of the way from its 52-week low to its high

Price risk

1Y volatility
46.1%
Beta vs sector
1-year daily
0.68

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.53x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range1 beyond a threshold
Other income reliance46%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 45.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate24%Within range

Median quarterly effective tax rate over about 2.5 years: 24.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.53xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.53x (cash from operations ₹47 cr, net profit ₹88 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+9 daysWithin range

Debtor days are above the median of the previous three fiscal years by 9 days (53 vs 44). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

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

Payable days+17 days / 2 yrsWithin range

Days payable changed by +17 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 2.6 pts.
  • The number of shareholders rose from 10,323 to 22,980 (+123%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters75.0%72.4%-2.6 pts
FIIs0.0%0.1%+0.1 pts
DIIs0.1%0.0%-0.1 pts
Public and others25.0%27.5%+2.6 pts

Number of shareholders

22,980shareholders+123% since Dec '23
10k15k19k23k Dec '23Sep '24Mar '25Sep '25Mar '26Jun '26
Dec '23: 10,323
Jun '24: 17,579
Sep '24: 18,400
Dec '24: 19,139
Mar '25: 21,001
Jun '25: 21,778
Sep '25: 22,429
Dec '25: 22,700
Mar '26: 23,069
Jun '26: 22,980
 10k15k19k23k Dec '23Dec '24Sep '25Jun '26
Dec '23: 10,323
Jun '24: 17,579
Sep '24: 18,400
Dec '24: 19,139
Mar '25: 21,001
Jun '25: 21,778
Sep '25: 22,429
Dec '25: 22,700
Mar '26: 23,069
Jun '26: 22,980

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

+15.6%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 MANGALAM GLOBAL ENTERPRISE LTD 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 −19% to +66% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+17.0%, 80% range −3.8% to +23.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
JEYYAM · Oct 2025: −66.6% vs market
SHERA · Nov 2024: −40.4% vs market
DHAMPURSUG · Jan 2022: −40.2% vs market
RITCO · Oct 2024: −36.3% vs market
RBS · Jul 2025: −35.9% vs market
SPIC · Jul 2025: −35.8% vs market
RAYMOND · Aug 2023: −32.2% vs market
EMAMIPAP · Oct 2022: −31.6% vs market
IVP · Apr 2023: −30.9% vs market
BCLIND · May 2023: −21.5% vs market
NFL · Jan 2024: −21.2% vs market
NRAIL · Sep 2022: −20.2% vs market
PARADEEP · Aug 2023: −19.7% vs market
BANSWRAS · Feb 2023: −18.4% vs market
MOKSH · Jan 2024: −16.9% vs market
JAYSREETEA · Jun 2021: −16.9% vs market
RAJINDLTD · Sep 2025: −15.2% vs market
RPSGVENT · Jun 2021: −12.3% vs market
SALSTEEL · Sep 2022: −7.3% vs market
MAGADSUGAR · Jun 2021: −5.6% vs market
BHARATGEAR · Aug 2022: −5.3% vs market
ARCHIDPLY · Dec 2023: −3.1% vs market
NECLIFE · Apr 2020: +10.0% vs market
HITECH · Nov 2022: +13.5% vs market
RANEHOLDIN · Sep 2023: +15.2% vs market
INDSWFTLAB · Jul 2023: +16.0% vs market
TBZ · Aug 2023: +16.5% vs market
TVSHLTD · Oct 2021: +20.3% vs market
ARIES · Jun 2020: +22.3% vs market
GOODLUCK · Aug 2022: +22.6% vs market
MWL · Oct 2024: +26.7% vs market
NITINSPIN · Jun 2021: +38.0% vs market
GPTINFRA · May 2021: +40.6% vs market
ASHAPURMIN · Jul 2023: +40.7% vs market
CORDSCABLE · Oct 2025: +55.2% vs market
TCPLPACK · Jun 2021: +55.3% vs market
PGIL · Jun 2023: +57.0% vs market
VISHNU · Apr 2020: +69.3% vs market
GOKULAGRO · Jul 2024: +73.8% vs market
REDINGTON · Jan 2021: +76.5% vs market
RPPINFRA · Sep 2023: +77.8% vs market
KMSUGAR · Apr 2021: +85.0% vs market
DPABHUSHAN · Jul 2021: +90.5% vs market
SALZERELEC · Oct 2023: +92.2% vs market
UNIVCABLES · Aug 2022: +96.4% vs market
ELECTCAST · Jun 2023: +97.8% vs market
ARVIND · May 2023: +105.6% vs market
AVADHSUGAR · Apr 2021: +113.9% vs market
PENIND · Aug 2022: +153.7% vs market
GOKEX · Apr 2021: +255.3% vs market
Similar setups +15.6%All companies −1.4%← 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
+15.6%
All companies' median
−1.4%
Beat the market
56% vs 48%

50 past situations · 50 companies · 29 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GOKULAGRO
Process Industries		 Jul 2024 21x23% +63%0% +74%
MWL
Non-Energy Minerals		 Oct 2024 18x14% +55%−4% +27%
IVP
Process Industries		 Apr 2023 10x15% +5%−2% −31%
BHARATGEAR
Producer Manufacturing		 Aug 2022 7x24% +46%−3% −5%
BANSWRAS
Process Industries		 Feb 2023 10x15% +31%−12% −18%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GOODLUCK
Non-Energy Minerals		 Aug 2022 15x16% +38%0% +23%
PENIND
Non-Energy Minerals		 Aug 2022 15x10% +38%−7% +154%
DPABHUSHAN
Miscellaneous		 Jul 2021 16x22% +201%0% +91%
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, P/E and 12-month momentum. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to MANGALAM GLOBAL ENTERPRISE LTD. 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.

HMA AGRO INDUSTRIESHMAAGRO
Distribution Services
66%similar
revenue growthoperating margin
BMW VENTURES LIMITEDBMWVENTLTD
Non-Energy Minerals
64%similar
market capoperating margin
SANDHAR TECHNOLOGIESSANDHAR
Consumer Durables
60%similar
debt/equityP/E
PATEL RETAILPATELRMART
Retail Trade
57%similar
volatilityROCE
HPL ELECTRIC & POWERHPL
Electronic Technology
56%similar
promoter holdingvolatility
UTTAM SUGAR MILLSUTTAMSUGAR
Process Industries
53%similar
debt/equityoperating margin
INDO AMINESINDOAMIN
Process Industries
41%similar
debt/equityP/E
DMCC SPECIALITY CHEMICALSDMCC
Process Industries
39%similar
market capEPS growth

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

What changed?

30 events since Jun '23

  1. OctPriceVolume reached 7.2x its 50-day median on 2026-10-26; price +7.1% that day.
  2. SepPriceVolume reached 157.1x its 50-day median on 2026-09-09; price +2.2% that day.
  3. JunPeer rankMoved into the top quartile of Process Industries on EPS growth (from the 2nd quartile).
  4. JunDebtDebt / equity fell below 1.0x (0.87x).
  5. MayPriceVolume reached 15.7x its 50-day median on 2026-05-29; price +6.6% that day.
  6. MarPriceVolume reached 20.4x its 50-day median on 2026-03-23; price +11.6% that day.
  7. DecValuationP/E fell below the 10th percentile of its own history to date (13.0x).
  8. OctPriceVolume reached 24.5x its 50-day median on 2025-10-15; price -8.5% that day.
Show 22 earlier events
  1. SepResultsRevenue (TTM) reached a new high of ₹2,460 cr.
  2. SepPriceVolume reached 17.1x its 50-day median on 2025-09-29; price -5.7% that day.
  3. AugPeer rankSlipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).
  4. JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 2nd quartile).
  5. JunSharesShare count is up 13.8% over 12 months.
  6. JunPriceVolume reached 11.9x its 50-day median on 2025-06-13; price +7.9% that day.
  7. JanPriceVolume reached 52.7x its 50-day median on 2025-01-09; price +5.5% that day.
  8. DecPriceVolume reached 13.5x its 50-day median on 2024-12-17; price +8.5% that day.
  9. SepPromoterPromoter holding fell 3.0 pts to 72.0%.
  10. JulPriceVolume reached 27.0x its 50-day median on 2024-07-04; price +19.9% that day.
  11. JunResultsRevenue (TTM) reached a new high of ₹1,839 cr.
  12. JunValuationP/E fell below the 10th percentile of its own history to date (18.3x).
  13. JunPeer rankMoved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
  14. JunDividendDividend payout cut from 2% to 1% of profit.
  15. AprPriceVolume reached 13.9x its 50-day median on 2024-04-29; price -3.7% that day.
  16. JanPriceVolume reached 20.2x its 50-day median on 2024-01-11; price +9.1% that day.
  17. OctPriceVolume reached 22.1x its 50-day median on 2023-10-25; price +4.6% that day.
  18. JunResultsYear-on-year EPS growth turned positive.
  19. JunValuationP/E fell below the 10th percentile of its own history to date (24.5x).
  20. JunPeer rankMoved into the 3rd quartile of Process Industries on ROCE (from the bottom quartile).
  21. JunDividendDividend payout cut from 61% to 2% of profit.
  22. JunSharesShare count is up 7.7% over 12 months.

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 history72 months · 2020-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1112.3x₹3478 cr19.1%17.0%0.9x
2026-1011.8x₹3478 cr19.0%17.0%0.9x
2026-0911.0x₹3478 cr19.0%17.0%0.9x
2026-0810.2x₹3384 cr18.2%17.0%0.9x
2026-0711.6x₹3384 cr18.2%17.0%0.9x
2026-0611.5x₹3384 cr18.2%17.0%0.9x
2026-0512.9x₹2857 cr18.8%17.0%1.1x
2026-0411.8x₹2857 cr18.8%17.0%1.1x
2026-039.6x₹2857 cr18.8%17.0%1.1x
2026-0210.1x₹2603 cr17.7%17.0%1.1x
2026-0111.5x₹2603 cr17.7%17.0%1.1x
2025-1213.0x₹2603 cr17.7%17.0%1.1x
2025-1121.2x₹2460 cr11.6%17.0%1.1x
2025-1019.9x₹2460 cr11.6%17.0%1.1x
2025-0922.1x₹2460 cr11.6%17.0%1.1x
2025-0823.4x₹2281 cr11.4%17.0%1.1x
2025-0725.0x₹2281 cr11.4%17.0%1.1x
2025-0621.1x₹2281 cr11.4%17.0%1.1x
2025-0514.6x₹2287 cr21.4%14.0%1.4x
2025-0414.3x₹2287 cr21.4%14.0%1.4x
2025-0316.8x₹2287 cr21.4%14.0%1.4x
2025-0217.6x₹2317 cr18.9%14.0%1.4x
2025-0115.0x₹2317 cr18.9%14.0%1.4x
2024-1217.8x₹2317 cr18.9%14.0%1.4x
2024-1118.4x₹2195 cr15.6%14.0%1.4x
2024-1018.3x₹2195 cr15.6%14.0%1.4x
2024-0919.1x₹2195 cr15.6%14.0%1.4x
2024-0820.9x₹1839 cr14.4%14.0%1.4x
2024-0722.2x₹1839 cr14.4%14.0%1.4x
2024-0618.3x₹1839 cr14.4%14.0%1.4x
2024-0525.8x₹1424 cr11.3%11.0%2.1x
2024-0428.6x₹1424 cr11.3%11.0%2.1x
2024-0324.3x₹1424 cr11.3%11.0%2.1x
2024-0227.4x₹1424 cr11.3%11.0%2.1x
2024-0127.1x₹1424 cr11.3%11.0%2.1x
2023-1220.4x₹1424 cr11.3%11.0%2.1x
2023-1120.6x₹1424 cr11.3%11.0%2.1x
2023-1019.9x₹1424 cr11.3%11.0%2.1x
2023-0916.4x₹1424 cr11.3%11.0%2.1x
2023-0822.3x₹1424 cr11.3%11.0%2.1x
2023-0722.9x₹1424 cr11.3%11.0%2.1x
2023-0624.5x₹1424 cr11.3%11.0%2.1x
2023-0575.7x₹1277 cr4.5%7.0%1.7x
2023-0492.7x₹1277 cr4.5%7.0%1.7x
2023-0351.1x₹1277 cr4.5%7.0%1.7x
2023-0265.6x₹1277 cr4.5%7.0%1.7x
2023-01116.3x₹1277 cr4.5%7.0%1.7x
2022-12110.7x₹1277 cr4.5%7.0%1.7x
2022-11110.7x₹1277 cr4.5%7.0%1.7x
2022-10118.6x₹1277 cr4.5%7.0%1.7x
2022-09128.2x₹1277 cr4.5%7.0%1.7x
2022-08160.1x₹1277 cr4.5%7.0%1.7x
2022-07124.3x₹1277 cr4.5%7.0%1.7x
2022-06127.5x₹1277 cr4.5%7.0%1.7x
2022-05106.0x₹960 cr7.2%9.0%1.8x
2022-04109.0x₹960 cr7.2%9.0%1.8x
2022-03105.4x₹960 cr7.2%9.0%1.8x
2022-0283.4x₹960 cr7.2%9.0%1.8x
2022-0174.6x₹960 cr7.2%9.0%1.8x
2021-1260.6x₹960 cr7.2%9.0%1.8x
2021-1147.4x₹960 cr7.2%9.0%1.8x
2021-1043.1x₹960 cr7.2%9.0%1.8x
2021-0925.0x₹960 cr7.2%9.0%1.8x
2021-0824.9x₹960 cr7.2%9.0%1.8x
2021-0727.3x₹960 cr7.2%9.0%1.8x
2021-0623.8x₹960 cr7.2%9.0%1.8x
2021-0542.3x₹582 cr3.0%12.0%0.9x
2021-0441.4x₹582 cr3.0%12.0%0.9x
2021-0341.1x₹582 cr3.0%12.0%0.9x
2021-0241.4x₹582 cr3.0%12.0%0.9x
2021-0141.4x₹582 cr3.0%12.0%0.9x
2020-1241.6x₹582 cr3.0%12.0%0.9x

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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