Share price
₹219.53 latest close · −22.2% over the last 90 sessions
₹219.53 month-end · −35.2% over 12 months
₹219.53 month-end · −25.9% over 3 years
₹219.53 month-end · +36.0% since Jan '19
52-week range ₹202.00 to ₹389.40 · 1-year volatility 39.4%
Was the rally earned?
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 108.5x to 70.4x); per-share earnings added 0 points.
- The share count barely moved.
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 95.0x to 70.4x); per-share earnings added 0 points.
- The share count barely moved.
Partly.
- Most of the rise came from investors paying a higher multiple (P/E 54.2x to 70.4x); per-share earnings added 0 points.
- The share count barely moved.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-63.5% (2024-07 peak to 2026-11 low, not yet recovered)
-46.6% (2019-01 peak to 2020-03 low, recovered 2021-03)
-30.6% (2021-06 peak to 2022-06 low, recovered 2023-08)
Most recent volume spikes
2026-11-03: 5.9x the 50-day median, price -8.5% that day
2026-08-31: 6.7x the 50-day median, price -4.0% that day
2026-08-18: 6.5x the 50-day median, price -5.7% 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?
Usual range 8.8x to 117.8x since 2019-01.
223% above the Non-Energy Minerals median.
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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.
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
- Op. margin92ndflat vs a year ago
- Revenue growth24th▼ 20 pts vs a year ago
- EPS growth43rd▼ 12 pts vs a year ago
- Debt/equity ↓99thflat vs a year ago
- P/E ↓12th▲ 7 pts vs a year ago
- 12M momentum15th▼ 58 pts vs a year ago
Rank history
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?
At a P/E of 14.2x, the price would imply about 8.3%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Earnings figures have not updated recently, so the company is left out of the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Non-Energy Minerals The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹219.53
- P/E
- 70.4x
- Market Cap
- ₹4468 cr
- Revenue (TTM)
- ₹976 cr
- P/S
- 4.6x
- P/B
- 1.7x
- ROE
- 2.3%
- Operating Margin
- 28.0%
- Debt / Equity
- 0.0x
- Promoter Holding
- 64.7%
- 12M Momentum
- -35.2%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance53%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 53.4%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate27%Within range
Median quarterly effective tax rate over about 2.5 years: 27.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.88xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 0.88x (cash from operations ₹1,011 cr, net profit ₹1,143 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress44% of fixed assetsWithin range
Capital work-in-progress is 44% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
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.
Who has been buying and selling?
- Over 3 years, DIIs trimmed 5.9 pts; FIIs trimmed 2.0 pts.
- The number of shareholders rose from 2.3 lakh to 2.9 lakh (+30%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like MOIL LIMITED today on valuation, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −16% to +42% vs the market, against −1% for all non-financial companies in the same months.
- The gap against the base rate (+7.3%, 80% range −6.7% to +16.0%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
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 · 7 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 31 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| VSTIND Consumer Non-Durables |
Aug 2025 | 70x | 34% | −35% | −44% | −24% |
| FMGOETZE Producer Manufacturing |
Jul 2020 | 53x | 6% | −30% | −45% | −45% |
| BASF Process Industries |
Jan 2020 | 42x | 25% | −27% | −33% | +33% |
| SHANTIGEAR Producer Manufacturing |
Oct 2021 | 57x | 11% | +48% | −24% | +149% |
| WENDT Producer Manufacturing |
Dec 2020 | 62x | 10% | +10% | −20% | +20% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/S. Not used (unavailable for this company): ROCE and interest cover. 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.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Jun '22
- NovPriceFell 64% from the Jul 2024 peak to the Nov 2026 low.
- NovPriceVolume reached 5.9x its 50-day median on 2026-11-03; price -8.5% that day.
- JulPriceVolume reached 84.8x its 50-day median on 2026-07-30; price +5.0% that day.
- MarPriceVolume reached 17.3x its 50-day median on 2026-03-17; price +20.0% that day.
- DecPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on EPS growth (from the 2nd quartile).
- OctPriceVolume reached 9.9x its 50-day median on 2025-10-03; price +6.3% that day.
- SepValuationP/E crossed above the 90th percentile of its own history to date (118.7x).
- SepPriceVolume reached 11.4x its 50-day median on 2025-09-03; price +3.9% that day.
Show 22 earlier events
- JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).
- MayValuationP/E crossed above the 90th percentile of its own history to date (120.9x).
- MayPriceVolume reached 10.8x its 50-day median on 2025-05-02; price +7.3% that day.
- JanPriceVolume reached 6.8x its 50-day median on 2025-01-10; price +4.5% that day.
- DecValuationP/E crossed above the 90th percentile of its own history to date (106.2x).
- DecPriceVolume reached 5.7x its 50-day median on 2024-12-03; price +4.1% that day.
- JunInstitutionsFII + DII holding fell 3.8 pts over 2 quarters to 14.7%.
- JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on EPS growth (from the 2nd quartile).
- MayPriceVolume reached 11.4x its 50-day median on 2024-05-17; price +20.0% that day.
- AprPriceRegained the 2024-01 peak, 2 months after the low.
- FebPriceFell 26% from the Jan 2024 peak to the Feb 2024 low.
- JanPriceVolume reached 6.9x its 50-day median on 2024-01-16; price +7.9% that day.
- OctPriceVolume reached 29.9x its 50-day median on 2023-10-12; price +8.0% that day.
- AugPriceRegained the 2021-06 peak, 14 months after the low.
- AugPriceVolume reached 22.0x its 50-day median on 2023-08-04; price +5.7% that day.
- JulValuationP/E crossed above the 90th percentile of its own history to date (59.5x).
- JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).
- JunPriceVolume reached 10.9x its 50-day median on 2023-06-02; price +1.3% that day.
- JanPriceVolume reached 14.5x its 50-day median on 2023-01-02; price +5.9% that day.
- DecPriceVolume reached 27.1x its 50-day median on 2022-12-02; price +4.1% that day.
- AugPriceVolume reached 53.4x its 50-day median on 2022-08-03; price +4.9% that day.
- JunPriceFell 31% from the Jun 2021 peak to the Jun 2022 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 history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 70.4x | ₹976 cr | 2.3% | — | 0.0x |
| 2026-10 | 68.6x | ₹976 cr | 2.3% | — | 0.0x |
| 2026-09 | 76.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2026-08 | 79.4x | ₹976 cr | 2.3% | — | 0.0x |
| 2026-07 | 90.1x | ₹976 cr | 2.3% | — | 0.0x |
| 2026-06 | 89.1x | ₹976 cr | 2.3% | — | 0.0x |
| 2026-05 | 95.3x | ₹976 cr | 2.3% | — | 0.0x |
| 2026-04 | 99.6x | ₹976 cr | 2.3% | — | 0.0x |
| 2026-03 | 90.8x | ₹976 cr | 2.3% | — | 0.0x |
| 2026-02 | 98.4x | ₹976 cr | 2.3% | — | 0.0x |
| 2026-01 | 117.3x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-12 | 118.1x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-11 | 108.5x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-10 | 117.3x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-09 | 118.7x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-08 | 105.8x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-07 | 109.9x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-06 | 124.4x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-05 | 120.9x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-04 | 101.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-03 | 103.5x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-02 | 93.0x | ₹976 cr | 2.3% | — | 0.0x |
| 2025-01 | 98.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-12 | 106.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-11 | 101.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-10 | 105.6x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-09 | 130.7x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-08 | 128.4x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-07 | 157.6x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-06 | 158.4x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-05 | 161.4x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-04 | 130.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-03 | 89.3x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-02 | 85.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2024-01 | 111.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-12 | 99.0x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-11 | 95.0x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-10 | 74.3x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-09 | 71.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-08 | 76.5x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-07 | 59.5x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-06 | 52.1x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-05 | 49.7x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-04 | 50.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-03 | 45.6x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-02 | 48.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2023-01 | 53.0x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-12 | 51.6x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-11 | 51.6x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-10 | 49.4x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-09 | 47.9x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-08 | 52.6x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-07 | 50.1x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-06 | 44.9x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-05 | 51.6x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-04 | 57.0x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-03 | 59.1x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-02 | 54.1x | ₹976 cr | 2.3% | — | 0.0x |
| 2022-01 | 55.0x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-12 | 54.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-11 | 54.2x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-10 | 50.0x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-09 | 52.4x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-08 | 53.4x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-07 | 61.0x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-06 | 61.6x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-05 | 57.9x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-04 | 52.9x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-03 | 48.3x | ₹976 cr | 2.3% | — | 0.0x |
| 2021-02 | 48.4x | ₹964 cr | 2.5% | — | 0.0x |
| 2021-01 | 43.5x | ₹964 cr | 2.5% | — | 0.0x |
| 2020-12 | 46.0x | ₹964 cr | 2.5% | — | 0.0x |
| 2020-11 | 19.8x | ₹910 cr | 5.0% | 11.0% | 0.0x |
| 2020-10 | 20.6x | ₹910 cr | 5.0% | 11.0% | 0.0x |
| 2020-09 | 22.5x | ₹910 cr | 5.0% | 11.0% | 0.0x |
| 2020-08 | 15.2x | ₹1038 cr | 7.8% | 11.0% | 0.0x |
| 2020-07 | 14.8x | ₹1038 cr | 7.8% | 11.0% | 0.0x |
| 2020-06 | 14.5x | ₹1038 cr | 7.8% | 11.0% | 0.0x |
| 2020-05 | 8.7x | ₹1226 cr | 10.6% | 24.0% | 0.0x |
| 2020-04 | 8.9x | ₹1226 cr | 10.6% | 24.0% | 0.0x |
| 2020-03 | 7.1x | ₹1226 cr | 10.6% | 24.0% | 0.0x |
| 2020-02 | 7.1x | ₹1303 cr | 12.4% | 24.0% | 0.0x |
| 2020-01 | 9.0x | ₹1303 cr | 12.4% | 24.0% | 0.0x |
| 2019-12 | 8.6x | ₹1303 cr | 12.4% | 24.0% | 0.0x |
| 2019-11 | 7.8x | ₹1408 cr | 12.9% | 24.0% | 0.0x |
| 2019-10 | 7.9x | ₹1408 cr | 12.9% | 24.0% | 0.0x |
| 2019-09 | 7.7x | ₹1408 cr | 12.9% | 24.0% | 0.0x |
| 2019-08 | 7.1x | ₹1408 cr | 12.9% | 24.0% | 0.0x |
| 2019-07 | 7.6x | ₹1408 cr | 12.9% | 24.0% | 0.0x |
| 2019-06 | 8.6x | ₹1408 cr | 12.9% | 24.0% | 0.0x |
| 2019-05 | 9.8x | ₹1314 cr | 13.0% | 23.0% | 0.0x |
| 2019-04 | 9.5x | ₹1314 cr | 13.0% | 23.0% | 0.0x |
| 2019-03 | 9.8x | ₹1314 cr | 13.0% | 23.0% | 0.0x |
| 2019-02 | 8.9x | ₹1314 cr | 13.0% | 23.0% | 0.0x |
| 2019-01 | 10.0x | ₹1314 cr | 13.0% | 23.0% | 0.0x |