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MMP INDUSTRIES LTD (MMP)

Non-Energy Minerals · Other Metals/Minerals · 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.58 / 100
Profitability 53Growth 82Balance sheet 39
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.71 / 100
Price 95Earnings 68FII/DII 50

Passes these screensHigh MomentumInstitutions in, retail out

Compare withHINDUSTAN ZINCHINDALCO INDUSTRIESNMDC

Share price

Closing priceAdjusted for splits and bonus issues.

₹440.35 latest close · +58.9% over the last 90 sessions

₹300₹400₹500Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹300₹400₹500Jul 3Sep 4Nov 9

₹440.35 month-end · +73.4% over 12 months

₹200₹300₹400₹500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹200₹300₹400₹500Nov '25May '26Nov '26

₹440.35 month-end · +115.2% over 3 years

₹200₹300₹400₹500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹300₹400₹500Nov '23May '25Nov '26

₹440.35 month-end · +267.0% since Feb '19

₹200₹400Feb '19Sep '20Mar '22Oct '23Apr '25Nov '26 ₹200₹400Feb '19Jan '23Nov '26

52-week range ₹185.20 to ₹520.00 · 1-year volatility 45.5%

Was the rally earned?

+73%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 109 points, but investors now pay less per rupee of profit (P/E 29.1x to 22.3x), which took 35 points back.
  • The share count fell 4%.
Net profit growth: +104 pts. Points of the price return explained by net profit growing (or shrinking).+104 ptsNet profit growthP/E change: −35 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−35 ptsP/E changeShare count change: +5 pts. Points of the price return explained by the share count changing. More shares count against the price.+5 ptsShare count changeShare price: +73%+73%Share priceNet profit growth: +104 pts. Points of the price return explained by net profit growing (or shrinking).+104ProfitP/E change: −35 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−35P/EShare count change: +5 pts. Points of the price return explained by the share count changing. More shares count against the price.+5SharesShare price: +73%+73%Share price
Net profit growth+104 ptsNet profit rose about 118%, which lifts the price.
P/E change-35 ptsThe P/E fell from 29.1x to 22.3x, which lowers the price.
Share count change+5 ptsShare count fell 4%, which lifts the price.
+115%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 129 points, but investors now pay less per rupee of profit (P/E 24.4x to 22.3x), which took 13 points back.
  • The share count barely moved.
Net profit growth: +131 pts. Points of the price return explained by net profit growing (or shrinking).+131 ptsNet profit growthP/E change: −13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−13 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: +115%+115%Share priceNet profit growth: +131 pts. Points of the price return explained by net profit growing (or shrinking).+131ProfitP/E change: −13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−13P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +115%+115%Share price
Net profit growth+131 ptsNet profit rose about 139%, which lifts the price.
P/E change-13 ptsThe P/E fell from 24.4x to 22.3x, which lowers the price.
Share count change-2 ptsShare count was little changed. More shares would count against the price.
+207%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 195 points to the rise, while the multiple moved less (P/E 20.9x to 22.3x).
  • The share count rose 3%.
Net profit growth: +200 pts. Points of the price return explained by net profit growing (or shrinking).+200 ptsNet profit growthP/E change: +13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+13 ptsP/E changeShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5 ptsShare count changeShare price: +207%+207%Share priceNet profit growth: +200 pts. Points of the price return explained by net profit growing (or shrinking).+200ProfitP/E change: +13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+13P/EShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5SharesShare price: +207%+207%Share price
Net profit growth+200 ptsNet profit rose about 195%, which lifts the price.
P/E change+13 ptsThe P/E rose from 20.9x to 22.3x, which lifts the price.
Share count change-5 ptsShare count rose 3%, 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 HINDUSTAN ZINC

How rough has the ride been?

Maximum drawdown-64.6%recovered 2021-07
1-year volatility45.5%annualised
Beta vs sector index0.883-year daily, correlation 0.39
Volume spikes10last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−63.5% 0%−20%−40%−60%2020202220242026−63.5%
Largest drawdowns

-64.6% (2019-04 peak to 2020-05 low, recovered 2021-07)

-54.1% (2024-08 peak to 2026-03 low, recovered 2026-09)

-53.0% (2022-06 peak to 2023-03 low, recovered 2023-09)

Most recent volume spikes

2026-09-08: 9.1x the 50-day median, price +7.5% that day

2026-09-07: 7.4x the 50-day median, price +10.1% that day

2026-08-20: 5.5x the 50-day median, price +3.8% 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?

22.3xP/E todayWithin its usual range
Against its own history61st percentile
CheapestMedian 18.1xDearest

Usual range 11.1x to 29.4x since 2019-02.

Against Non-Energy Minerals22.3x vs 21.8x
This company
22.3x
Sector median
21.8x

Close to the Non-Energy Minerals median.

5.3x14.7x24.0x33.3xFeb '19Sep '20Apr '22Nov '23Jun '25Nov '265.3x14.7x24.0x33.3xFeb '19Sep '21Apr '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

  • ROCE64thflat vs a year ago
  • Op. margin43rd▲ 17 pts vs a year ago
  • Revenue growth77th▼ 8 pts vs a year ago
  • EPS growth88th▲ 66 pts vs a year ago
  • Debt/equity ↓34th▼ 6 pts vs a year ago
  • Cash cycle ↓42nd▲ 6 pts vs a year ago
  • P/E ↓48th▲ 6 pts vs a year ago
  • 12M momentum95th▲ 64 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?

~22%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 36.7x, a holder earning 12%/yr needs earnings to grow about 21.8%/yr for 10 years, then trade at 15x.

Delivered5.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+16.8 ptsimplied minus delivered
Rank203rdmost demanding of 856

Over time

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

0%12%24% Feb 2019Nov 2026 0%12%24% Feb 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x23.4%24.5%25.6%
15x20.7%21.8%22.9%
20x17.4%18.5%19.5%

Drag a slider to test other assumptions

Implied: 21.8%/yr

Looking back

  • Jan 2020Price implied 15%/yr; EPS has since grown 5%/yr (7.0 yrs)
  • Jan 2021Price implied 10%/yr; EPS has since grown 9%/yr (6.0 yrs)
  • Jan 2022Price implied 16%/yr; EPS has since grown 13%/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
₹440.35
P/E
22.3x
ROCE
13.0%
Market Cap
₹1119 cr
Revenue (TTM)
₹874 cr
P/S
1.3x
P/B
3.2x
ROE
14.5%
Operating Margin
9.0%
Debt / Equity
0.5x
Promoter Holding
74.5%
12M Momentum
73.4%

52-week range

₹185.20₹520.00
76% of the way from its 52-week low to its high

Price risk

1Y volatility
45.5%
Beta vs sector
1-year daily
0.80

Balance sheet & cash

Interest cover
operating profit ÷ interest
5.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.50x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance28%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 27.7%. 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 conversion1.50xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.50x (cash from operations ₹153 cr, net profit ₹102 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+3 daysWithin range

Debtor days are above the median of the previous three fiscal years by 3 days (39 vs 36). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress15% of fixed assetsWithin range

Capital work-in-progress is 15% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+7 days / 2 yrsWithin range

Days payable changed by +7 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, FIIs trimmed 5.9 pts.
  • The number of shareholders rose from 5,004 to 11,202 (+124%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters74.5%74.5%0.0 pts
FIIs6.0%0.0%-5.9 pts
DIIs0.5%0.0%-0.5 pts
Public and others19.1%25.5%+6.4 pts

Number of shareholders

11,202shareholders+124% since Dec '23
5k7k9k11k Dec '23Sep '24Mar '25Sep '25Mar '26Jun '26
Dec '23: 5,004
Mar '24: 7,874
Sep '24: 9,991
Dec '24: 9,605
Mar '25: 9,374
Jun '25: 10,326
Sep '25: 10,731
Dec '25: 10,940
Mar '26: 10,750
Jun '26: 11,202
 5k7k9k11k Dec '23Dec '24Sep '25Jun '26
Dec '23: 5,004
Mar '24: 7,874
Sep '24: 9,991
Dec '24: 9,605
Mar '25: 9,374
Jun '25: 10,326
Sep '25: 10,731
Dec '25: 10,940
Mar '26: 10,750
Jun '26: 11,202

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

+5.0%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 MMP INDUSTRIES 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 +59% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (+6.6%, 80% range −0.6% to +12.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
IMFA · Dec 2021: −44.1% vs market
SURYAROSNI · Sep 2021: −39.0% vs market
EMIL · Jun 2024: −37.5% vs market
GNA · Mar 2023: −35.0% vs market
TCPLPACK · Apr 2025: −31.3% vs market
NITINSPIN · Jan 2022: −31.1% vs market
SATIA · Nov 2022: −27.9% vs market
LIBERTSHOE · Aug 2020: −27.2% vs market
SENCO · Aug 2024: −26.4% vs market
SALZERELEC · Oct 2024: −22.5% vs market
BLKASHYAP · Jul 2024: −21.2% vs market
PARACABLES · Dec 2023: −20.1% vs market
SALASAR · Jun 2021: −19.3% vs market
SANDHAR · Nov 2023: −19.3% vs market
HERITGFOOD · Sep 2024: −17.2% vs market
GREENPLY · Sep 2024: −14.3% vs market
VADILALIND · Nov 2022: −10.9% vs market
SOMANYCERA · Jun 2021: −8.6% vs market
TIIL · Nov 2021: −5.6% vs market
LTFOODS · Apr 2021: −2.8% vs market
FAZE3Q · Jun 2025: −1.1% vs market
TI · Jul 2023: +0.6% vs market
PGIL · Jan 2025: +3.9% vs market
PARAGMILK · Sep 2025: +4.0% vs market
NCLIND · Nov 2020: +4.9% vs market
NIPPOBATRY · May 2020: +5.0% vs market
DALMIASUG · May 2021: +9.5% vs market
RAMRAT · Mar 2025: +10.2% vs market
LUMAXTECH · Sep 2022: +11.2% vs market
HARRMALAYA · Oct 2020: +11.6% vs market
BIRLANU · Feb 2021: +14.6% vs market
GPTINFRA · May 2024: +16.3% vs market
MMFL · Jun 2021: +24.1% vs market
TIMETECHNO · May 2024: +30.5% vs market
PITTIENG · Dec 2021: +33.0% vs market
GRAVITA · Aug 2021: +51.4% vs market
COMSYN · Jul 2025: +52.1% vs market
KDDL · Jun 2023: +61.1% vs market
KIRLOSENG · Jan 2023: +63.1% vs market
GALLANTT · Dec 2023: +63.4% vs market
VISHNU · Dec 2021: +65.7% vs market
COSMOFIRST · May 2020: +66.3% vs market
POWERMECH · Feb 2023: +69.1% vs market
BBL · Jul 2023: +80.4% vs market
ARTEMISMED · Jan 2023: +89.3% vs market
KOPRAN · Aug 2020: +102.3% vs market
HSCL · Jun 2023: +102.8% vs market
USHAMART · Feb 2022: +103.0% vs market
GRPLTD · Aug 2023: +121.4% vs market
GLOBUSSPR · Sep 2020: +203.1% vs market
Similar setups +5.0%All companies −1.6%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
+5.0%
All companies' median
−1.6%
Beat the market
58% vs 48%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SALZERELEC
Producer Manufacturing		 Oct 2024 37x13% +168%−9% −23%
POWERMECH
Industrial Services		 Feb 2023 21x18% +129%−15% +69%
LUMAXTECH
Producer Manufacturing		 Sep 2022 28x17% +100%−9% +11%
ARTEMISMED
Health Services		 Jan 2023 29x10% +52%−14% +89%
KDDL
Consumer Durables		 Jun 2023 32x18% +109%−5% +61%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GNA
Producer Manufacturing		 Mar 2023 19x17% +62%−16% −35%
BLKASHYAP
Industrial Services		 Jul 2024 46x14% +165%−2% −21%
BIRLANU
Producer Manufacturing		 Feb 2021 21x11% +188%−3% +15%
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: drawdown from 12-month high, P/S and P/E. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 MMP INDUSTRIES 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.

HPL ELECTRIC & POWERHPL
Electronic Technology
76%similar
ROCEvolatility
PATEL RETAILPATELRMART
Retail Trade
73%similar
volatilitydebt/equity
BOMBAY SUPER HYBRID SEEDSBSHSL
Process Industries
71%similar
revenue growthoperating margin
SHREE PUSHKAR CHEMICALSSHREEPUSHK
Process Industries
70%similar
ROCErevenue
HITECH CORPORATIONHITECHCORP
Process Industries
66%similar
promoter holdingrevenue growth
MANGALAM WORLDWIDEMWL
Non-Energy Minerals
62%similar
operating marginmarket cap
SCODA TUBESSCODATUBES
Non-Energy Minerals
58%similar
debt/equityvolatility
MANAKSIA COATED METALS & INDMANAKCOAT
Non-Energy Minerals
52%similar
revenueEPS 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. SepResultsYear-on-year EPS growth turned positive.
  2. SepPriceRegained the 2024-08 peak, 6 months after the low.
  3. SepPeer rankMoved into the top quartile of Non-Energy Minerals on EPS growth (from the bottom quartile).
  4. AugValuationP/E crossed above the 90th percentile of its own history to date (32.2x).
  5. AugPriceVolume reached 13.4x its 50-day median on 2026-08-05; price +9.4% that day.
  6. MayPriceVolume reached 29.3x its 50-day median on 2026-05-05; price +7.3% that day.
  7. MarPriceFell 54% from the Aug 2024 peak to the Mar 2026 low.
  8. MarPriceVolume reached 5.0x its 50-day median on 2026-03-30; price -6.2% that day.
Show 22 earlier events
  1. OctPriceVolume reached 5.7x its 50-day median on 2025-10-28; price +6.3% that day.
  2. SepResultsYear-on-year EPS growth turned negative.
  3. SepValuationP/E crossed above the 90th percentile of its own history to date (32.1x).
  4. SepPeer rankSlipped to the bottom quartile of Non-Energy Minerals on EPS growth (from the top quartile).
  5. JulPriceVolume reached 6.4x its 50-day median on 2025-07-02; price -0.4% that day.
  6. JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
  7. JunPriceVolume reached 11.8x its 50-day median on 2025-06-27; price +6.5% that day.
  8. MarPeer rankMoved into the 2nd quartile of Non-Energy Minerals on operating margin (from the 3rd quartile).
  9. MarPriceVolume reached 5.8x its 50-day median on 2025-03-20; price +7.0% that day.
  10. DecInstitutionsFII + DII holding fell 6.4 pts over 2 quarters to 0.0%.
  11. SepPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
  12. AugValuationP/E crossed above the 90th percentile of its own history to date (32.3x).
  13. JulPriceVolume reached 34.9x its 50-day median on 2024-07-26; price +10.4% that day.
  14. JunResultsYear-on-year EPS growth turned positive.
  15. JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
  16. AprPriceVolume reached 5.5x its 50-day median on 2024-04-19; price -1.8% that day.
  17. JanPriceVolume reached 24.0x its 50-day median on 2024-01-29; price +15.7% that day.
  18. DecPriceVolume reached 31.0x its 50-day median on 2023-12-07; price +5.7% that day.
  19. SepPriceRegained the 2022-06 peak, 6 months after the low.
  20. SepPriceVolume reached 9.9x its 50-day median on 2023-09-06; price +5.0% that day.
  21. JunResultsYear-on-year EPS growth turned negative.
  22. JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on EPS growth (from the 2nd 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 history94 months · 2019-02 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1122.3x₹874 cr14.5%13.0%0.5x
2026-1023.2x₹874 cr14.5%13.0%0.5x
2026-0924.1x₹874 cr14.5%13.0%0.5x
2026-0832.2x₹824 cr9.0%13.0%0.5x
2026-0724.0x₹824 cr9.0%13.0%0.5x
2026-0622.9x₹824 cr9.0%13.0%0.5x
2026-0529.1x₹797 cr7.4%14.0%0.5x
2026-0426.2x₹797 cr7.4%14.0%0.5x
2026-0320.1x₹797 cr7.4%14.0%0.5x
2026-0227.2x₹762 cr7.4%14.0%0.5x
2026-0127.4x₹762 cr7.4%14.0%0.5x
2025-1227.5x₹762 cr7.4%14.0%0.5x
2025-1129.1x₹719 cr7.1%14.0%0.5x
2025-1033.3x₹719 cr7.1%14.0%0.5x
2025-0932.1x₹719 cr7.1%14.0%0.5x
2025-0817.8x₹692 cr12.1%14.0%0.5x
2025-0718.0x₹692 cr12.1%14.0%0.5x
2025-0618.3x₹692 cr12.1%14.0%0.5x
2025-0516.0x₹629 cr13.1%13.0%0.3x
2025-0416.2x₹629 cr13.1%13.0%0.3x
2025-0317.3x₹629 cr13.1%13.0%0.3x
2025-0217.1x₹602 cr12.5%13.0%0.3x
2025-0120.9x₹602 cr12.5%13.0%0.3x
2024-1223.7x₹602 cr12.5%13.0%0.3x
2024-1123.4x₹583 cr12.1%13.0%0.3x
2024-1024.9x₹583 cr12.1%13.0%0.3x
2024-0927.2x₹583 cr12.1%13.0%0.3x
2024-0832.3x₹578 cr11.1%13.0%0.3x
2024-0727.3x₹578 cr11.1%13.0%0.3x
2024-0622.0x₹578 cr11.1%13.0%0.3x
2024-0531.8x₹538 cr8.2%10.0%0.2x
2024-0432.7x₹538 cr8.2%10.0%0.2x
2024-0330.3x₹538 cr8.2%10.0%0.2x
2024-0232.1x₹538 cr8.2%10.0%0.2x
2024-0129.6x₹538 cr8.2%10.0%0.2x
2023-1224.8x₹538 cr8.2%10.0%0.2x
2023-1124.4x₹538 cr8.2%10.0%0.2x
2023-1025.2x₹538 cr8.2%10.0%0.2x
2023-0929.6x₹538 cr8.2%10.0%0.2x
2023-0824.5x₹538 cr8.2%10.0%0.2x
2023-0724.3x₹538 cr8.2%10.0%0.2x
2023-0623.8x₹538 cr8.2%10.0%0.2x
2023-0514.8x₹448 cr12.2%15.0%0.2x
2023-0416.1x₹448 cr12.2%15.0%0.2x
2023-039.9x₹448 cr12.2%15.0%0.2x
2023-0211.2x₹448 cr12.2%15.0%0.2x
2023-0111.3x₹448 cr12.2%15.0%0.2x
2022-1211.1x₹448 cr12.2%15.0%0.2x
2022-1111.3x₹448 cr12.2%15.0%0.2x
2022-1013.6x₹448 cr12.2%15.0%0.2x
2022-0914.4x₹448 cr12.2%15.0%0.2x
2022-0815.1x₹448 cr12.2%15.0%0.2x
2022-0713.9x₹448 cr12.2%15.0%0.2x
2022-0613.8x₹448 cr12.2%15.0%0.2x
2022-0528.8x₹231 cr8.1%11.0%0.1x
2022-0429.1x₹231 cr8.1%11.0%0.1x
2022-0328.7x₹231 cr8.1%11.0%0.1x
2022-0224.0x₹231 cr8.1%11.0%0.1x
2022-0123.1x₹231 cr8.1%11.0%0.1x
2021-1221.7x₹231 cr8.1%11.0%0.1x
2021-1120.9x₹231 cr8.1%11.0%0.1x
2021-1021.9x₹231 cr8.1%11.0%0.1x
2021-0921.8x₹231 cr8.1%11.0%0.1x
2021-0822.1x₹231 cr8.1%11.0%0.1x
2021-0723.2x₹231 cr8.1%11.0%0.1x
2021-0614.7x₹231 cr8.1%11.0%0.1x
2021-0512.7x₹242 cr10.0%13.0%0.1x
2021-0412.2x₹242 cr10.0%13.0%0.1x
2021-0311.7x₹242 cr10.0%13.0%0.1x
2021-0212.7x₹242 cr10.0%13.0%0.1x
2021-0111.1x₹242 cr10.0%13.0%0.1x
2020-1211.1x₹242 cr10.0%13.0%0.1x
2020-1111.2x₹242 cr10.0%13.0%0.1x
2020-1010.0x₹242 cr10.0%13.0%0.1x
2020-0910.5x₹242 cr10.0%13.0%0.1x
2020-0811.8x₹242 cr10.0%13.0%0.1x
2020-079.1x₹242 cr10.0%13.0%0.1x
2020-0611.2x₹242 cr10.0%13.0%0.1x
2020-055.3x₹261 cr13.2%20.0%0.1x
2020-046.2x₹261 cr13.2%20.0%0.1x
2020-036.6x₹261 cr13.2%20.0%0.1x
2020-0210.7x₹261 cr13.2%20.0%0.1x
2020-0112.0x₹261 cr13.2%20.0%0.1x
2019-1213.5x₹261 cr13.2%20.0%0.1x
2019-1112.7x₹261 cr13.2%20.0%0.1x
2019-1012.7x₹261 cr13.2%20.0%0.1x
2019-0913.5x₹261 cr13.2%20.0%0.1x
2019-0812.4x₹261 cr13.2%20.0%0.1x
2019-0712.4x₹261 cr13.2%20.0%0.1x
2019-0613.1x₹261 cr13.2%20.0%0.1x
2019-0511.9x₹243 cr18.8%24.0%0.4x
2019-0412.2x₹243 cr18.8%24.0%0.4x
2019-0312.1x₹243 cr18.8%24.0%0.4x
2019-0211.8x₹243 cr18.8%24.0%0.4x

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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