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MONTE CARLO FASHIONS LIMITED (MONTECARLO)

Consumer Non-Durables · Apparel/Footwear · 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.31 / 100
Profitability 29Growth 30Balance sheet 33
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.62 / 100
Price 74Earnings 51FII/DII 61

Passes these screensCash RichValue Pick

Compare withPAGE INDUSTRIESKPR MILLPEARL GLOBAL INDUSTRIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹506.8 latest close · −7.1% over the last 90 sessions

₹475₹500₹525₹550Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹475₹500₹525₹550Jul 3Sep 4Nov 9

₹506.8 month-end · −31.6% over 12 months

₹500₹600₹700Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹600₹700Nov '25May '26Nov '26

₹506.8 month-end · −22.4% over 3 years

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

₹506.8 month-end · +62.0% since Jun '21

₹400₹600₹800Jun '21Jul '22Aug '23Sep '24Oct '25Nov '26 ₹400₹600₹800Jun '21Mar '24Nov '26

52-week range ₹447.20 to ₹829.80 · 1-year volatility 32.8%

Was the rally earned?

-32%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 24 points, but investors now pay less per rupee of profit (P/E 19.6x to 10.0x), which took 56 points back.
  • The share count barely moved.
Net profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24 ptsNet profit growthP/E change: −56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−56 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: −32%−32%Share priceNet profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24ProfitP/E change: −56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−56P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −32%−32%Share price
Net profit growth+24 ptsNet profit rose about 33%, which lifts the price.
P/E change-56 ptsThe P/E fell from 19.6x to 10.0x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
-22%share price, 3 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 21 points, while the multiple moved less (P/E 10.2x to 10.0x).
  • The share count barely moved.
Net profit growth: −21 pts. Points of the price return explained by net profit growing (or shrinking).−21 ptsNet profit growthP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −22%−22%Share priceNet profit growth: −21 pts. Points of the price return explained by net profit growing (or shrinking).−21ProfitP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −22%−22%Share price
Net profit growth-21 ptsNet profit fell about 21%, which lowers the price.
P/E change-2 ptsThe P/E fell from 10.2x to 10.0x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-2%share price, 5 yearsRoughly flat
  • The share price was roughly flat over 5 years (-2%).
  • The share count barely moved.
Net profit growth: +46 pts. Points of the price return explained by net profit growing (or shrinking).+46 ptsNet profit growthP/E change: −47 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−47 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −2%−2%Share priceNet profit growth: +46 pts. Points of the price return explained by net profit growing (or shrinking).+46ProfitP/E change: −47 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−47P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −2%−2%Share price
Net profit growth+46 ptsNet profit rose about 59%, which lifts the price.
P/E change-47 ptsThe P/E fell from 16.1x to 10.0x, which lowers the price.
Share count change0 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 PAGE INDUSTRIES

How rough has the ride been?

Maximum drawdown-66.9%recovered 2021-10
1-year volatility32.8%annualised
Beta vs sector index0.703-year daily, correlation 0.27
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−66.9% 0%−20%−40%−60%2020202220242026−66.9%
Largest drawdowns

-66.9% (2019-02 peak to 2020-05 low, recovered 2021-10)

-49.5% (2024-12 peak to 2026-03 low, not yet recovered)

-39.0% (2022-09 peak to 2023-03 low, recovered 2023-08)

Most recent volume spikes

2026-08-06: 6.6x the 50-day median, price -0.4% that day

2026-08-05: 16.7x the 50-day median, price -6.9% 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?

10.0xP/E todayNear its historic low
Against its own history17th percentile
CheapestMedian 12.6xDearest

Usual range 9.7x to 21.1x since 2021-06.

Against Consumer Non-Durables10.0x vs 26.8x
This company
10.0x
Sector median
26.8x

63% below the Consumer Non-Durables median.

9.0x22.5x36.0x49.5xJun '21Jul '22Aug '23Sep '24Oct '25Nov '269.0x22.5x36.0x49.5xJun '21Apr '23Feb '25Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

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P/B (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

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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

  • ROCE54th▲ 6 pts vs a year ago
  • Op. margin4thflat vs a year ago
  • Revenue growth67th▲ 27 pts vs a year ago
  • EPS growth78th▼ 4 pts vs a year ago
  • Debt/equity ↓28th▲ 4 pts vs a year ago
  • Cash cycle ↓4th▼ 4 pts vs a year ago
  • P/E ↓89th▲ 11 pts vs a year ago
  • 12M momentum20th▼ 39 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?

~5%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 10.5x, a holder earning 12%/yr needs earnings to grow about 5.0%/yr for 10 years, then trade at 15x.

Delivered−6.8%/yrEPS, last 6 fiscal years · 3-yr avg to 3-yr avg
Gap+11.9 ptsimplied minus delivered
Rank281stmost demanding of 856

Over time

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

-7%2%11% Jun 2021Nov 2026 -7%2%11% Jun 2021Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x6.1%7.0%8.0%
15x4.1%5.0%6.0%
20x1.5%2.4%3.3%

Drag a slider to test other assumptions

Implied: 5.0%/yr

Looking back

  • Jan 2022Price implied 11%/yr; EPS has since grown 11%/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
₹506.80
P/E
10.0x
ROCE
14.0%
Market Cap
₹1050 cr
Revenue (TTM)
₹1286 cr
P/S
0.8x
P/B
1.2x
ROE
11.6%
Operating Margin
-9.0%
Debt / Equity
0.6x
Promoter Holding
73.2%
12M Momentum
-31.6%

52-week range

₹447.20₹829.80
16% of the way from its 52-week low to its high

Price risk

1Y volatility
32.8%
Beta vs sector
1-year daily
0.72

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.00x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range3 near a threshold
Other income reliance26%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 25.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate5%Near threshold

Median quarterly effective tax rate over about 2.5 years: 5.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.00xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.00x (cash from operations ₹254 cr, net profit ₹253 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+16 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 16 days (143 vs 127). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress6% of fixed assetsWithin range

Capital work-in-progress is 6% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-2 days / 2 yrsWithin range

Days payable changed by -2 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, institutional and promoter holdings were broadly unchanged.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters73.2%73.2%0.0 pts
FIIs1.1%1.2%+0.1 pts
DIIs2.0%1.6%-0.4 pts
Public and others23.8%24.0%+0.3 pts

Number of shareholders

29,118shareholders-3% since Dec '23
28k29k29k30k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 29,916
Mar '24: 29,309
Jun '24: 30,230
Sep '24: 27,727
Dec '24: 28,628
Mar '25: 28,849
Jun '25: 29,361
Sep '25: 29,934
Dec '25: 28,874
Mar '26: 29,005
Jun '26: 29,118
 28k29k29k30k Dec '23Dec '24Dec '25Jun '26
Dec '23: 29,916
Mar '24: 29,309
Jun '24: 30,230
Sep '24: 27,727
Dec '24: 28,628
Mar '25: 28,849
Jun '25: 29,361
Sep '25: 29,934
Dec '25: 28,874
Mar '26: 29,005
Jun '26: 29,118

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

+12.5%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like MONTE CARLO FASHIONS 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 −12% to +39% vs the market, against +1% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +11.2%, 80% range +3.0% to +17.5%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
NACLIND · Oct 2023: −48.8% vs market
DHAMPURSUG · Jan 2024: −46.6% vs market
PARAGMILK · May 2021: −38.8% vs market
NAVA · Jan 2020: −32.0% vs market
STLTECH · Mar 2022: −30.8% vs market
SIS · Feb 2024: −27.4% vs market
NILKAMAL · Jan 2024: −26.5% vs market
VRLLOG · Feb 2024: −19.3% vs market
BODALCHEM · Dec 2022: −17.5% vs market
TNPL · Jun 2020: −17.0% vs market
SUKHJITS · Feb 2024: −15.9% vs market
KHAICHEM · Sep 2023: −15.1% vs market
MMFL · Nov 2023: −11.7% vs market
ALICON · Jan 2020: −10.9% vs market
GHCL · Jan 2020: −7.7% vs market
NIPPOBATRY · Nov 2021: −5.6% vs market
ORIENTCEM · May 2022: −2.0% vs market
INDOCO · Jul 2024: +1.5% vs market
TIIL · Feb 2020: +2.6% vs market
GVT&D · Nov 2021: +3.7% vs market
BIRLACORPN · May 2022: +5.4% vs market
LUMAXIND · Feb 2024: +6.0% vs market
TVSSRICHAK · Apr 2020: +6.1% vs market
UCAL · Feb 2020: +7.2% vs market
GLENMARK · Mar 2022: +10.7% vs market
TIMETECHNO · Dec 2020: +14.2% vs market
RPSGVENT · Mar 2023: +14.8% vs market
PNCINFRA · Oct 2022: +18.0% vs market
CEATLTD · Sep 2021: +18.7% vs market
SHK · May 2023: +20.9% vs market
BBL · Sep 2020: +21.0% vs market
BANARISUG · Dec 2023: +22.1% vs market
NRBBEARING · Mar 2022: +22.4% vs market
AWHCL · May 2023: +23.2% vs market
WELENT · Oct 2021: +25.8% vs market
GREENPLY · Dec 2022: +29.8% vs market
SPAL · Feb 2023: +30.7% vs market
INDIANHUME · Mar 2023: +41.3% vs market
KCP · May 2020: +54.0% vs market
TALBROAUTO · Mar 2020: +61.3% vs market
JKIL · Jan 2022: +62.6% vs market
LTFOODS · Nov 2021: +65.5% vs market
WABAG · May 2022: +70.2% vs market
JKLAKSHMI · Mar 2022: +75.5% vs market
NCLIND · Jun 2020: +82.5% vs market
PURVA · Oct 2020: +83.4% vs market
MANGLMCEM · Feb 2023: +87.6% vs market
FILATEX · Aug 2020: +102.7% vs market
KIRLOSENG · Jul 2022: +139.5% vs market
GNA · Jul 2020: +141.6% vs market
Similar setups +12.5%All companies +1.3%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
+12.5%
All companies' median
+1.3%
Beat the market
66% vs 51%

50 past situations · 50 companies · 31 months · 2020–2024

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MANGLMCEM
Non-Energy Minerals		 Feb 2023 9x14% −26%−35% +88%
KCP
Producer Manufacturing		 May 2020 6x11% −57%−59% +54%
MMFL
Producer Manufacturing		 Nov 2023 17x15% −1%−18% −12%
JKIL
Industrial Services		 Jan 2022 12x13% +15%−25% +63%
INDIANHUME
Producer Manufacturing		 Mar 2023 10x12% −32%−41% +41%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DHAMPURSUG
Process Industries		 Jan 2024 11x15% +18%−17% −47%
SHK
Process Industries		 May 2023 10x10% −14%−30% +21%
NCLIND
Non-Energy Minerals		 Jun 2020 6x12% −47%−49% +83%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and ROCE. 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 MONTE CARLO FASHIONS 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.

BMW VENTURES LIMITEDBMWVENTLTD
Non-Energy Minerals
63%similar
promoter holdingdebt/equity
RAMKY INFRASTRUCTURERAMKY
Industrial Services
61%similar
ROCErevenue growth
MAGADH SUGAR & ENERGYMAGADSUGAR
Process Industries
60%similar
revenueoperating margin
SIYARAM SILK MILLSSIYSIL
Process Industries
60%similar
P/Erevenue growth
PYRAMID TECHNOPLASTPYRAMID
Producer Manufacturing
59%similar
debt/equityEPS growth
RUPA & COMPANYRUPA
Consumer Non-Durables
61%similar
promoter holdingrevenue
MALLCOM INDIAMALLCOM
Consumer Non-Durables
54%similar
promoter holdingEPS growth
MUKKA PROTEINSMUKKA
Consumer Non-Durables
52%similar
promoter holdingP/E

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

What changed?

30 events since Aug '23

  1. SepPeer rankSlipped to the bottom quartile of Consumer Non-Durables on operating margin (from the 3rd quartile).
  2. AugPriceVolume reached 16.7x its 50-day median on 2026-08-05; price -6.9% that day.
  3. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on ROCE (from the 3rd quartile).
  4. MayPriceVolume reached 19.5x its 50-day median on 2026-05-19; price +3.0% that day.
  5. MarPriceFell 50% from the Dec 2024 peak to the Mar 2026 low.
  6. MarValuationP/E fell below the 10th percentile of its own history to date (9.6x).
  7. MarPeer rankMoved into the top quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
  8. JanPriceVolume reached 10.0x its 50-day median on 2026-01-28; price -3.4% that day.
Show 22 earlier events
  1. DecResultsRevenue (TTM) reached a new high of ₹1,143 cr.
  2. DecPeer rankMoved into the 2nd quartile of Consumer Non-Durables on operating margin (from the bottom quartile).
  3. NovPriceVolume reached 21.7x its 50-day median on 2025-11-12; price +10.7% that day.
  4. SepPriceVolume reached 31.6x its 50-day median on 2025-09-23; price +6.6% that day.
  5. JunResultsYear-on-year EPS growth turned positive.
  6. JunPeer rankSlipped to the bottom quartile of Consumer Non-Durables on operating margin (from the top quartile).
  7. MayPriceVolume reached 5.3x its 50-day median on 2025-05-27; price -2.9% that day.
  8. MarPeer rankMoved into the top quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
  9. DecPriceRegained the 2023-08 peak, 6 months after the low.
  10. DecPeer rankMoved into the 2nd quartile of Consumer Non-Durables on operating margin (from the bottom quartile).
  11. DecPriceVolume reached 17.7x its 50-day median on 2024-12-04; price +3.1% that day.
  12. JulPriceVolume reached 11.5x its 50-day median on 2024-07-04; price +10.5% that day.
  13. JunResultsYear-on-year EPS growth turned negative.
  14. JunPriceFell 35% from the Aug 2023 peak to the Jun 2024 low.
  15. JunPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
  16. MayValuationP/E fell below the 10th percentile of its own history to date (9.0x).
  17. MayPriceVolume reached 10.0x its 50-day median on 2024-05-29; price -9.5% that day.
  18. MarPriceVolume reached 5.6x its 50-day median on 2024-03-04; price +7.9% that day.
  19. NovValuationP/E fell below the 10th percentile of its own history to date (10.2x).
  20. NovPriceVolume reached 7.8x its 50-day median on 2023-11-07; price -8.6% that day.
  21. AugPriceRegained the 2022-09 peak, 5 months after the low.
  22. AugPriceVolume reached 8.1x its 50-day median on 2023-08-08; price -10.8% that day.

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 history66 months · 2021-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1110.0x₹1286 cr11.6%14.0%0.6x
2026-1010.1x₹1286 cr11.6%14.0%0.6x
2026-0910.4x₹1286 cr11.6%14.0%0.6x
2026-089.5x₹1276 cr12.4%14.0%0.6x
2026-079.3x₹1276 cr12.4%14.0%0.6x
2026-069.9x₹1276 cr12.4%14.0%0.6x
2026-0511.5x₹1202 cr11.6%13.0%0.6x
2026-0411.6x₹1202 cr11.6%13.0%0.6x
2026-039.6x₹1202 cr11.6%13.0%0.6x
2026-0212.8x₹1143 cr10.4%13.0%0.6x
2026-0113.1x₹1143 cr10.4%13.0%0.6x
2025-1214.8x₹1143 cr10.4%13.0%0.6x
2025-1119.6x₹1114 cr9.5%13.0%0.6x
2025-1017.9x₹1114 cr9.5%13.0%0.6x
2025-0917.5x₹1114 cr9.5%13.0%0.6x
2025-0813.7x₹1101 cr9.8%13.0%0.6x
2025-0713.9x₹1101 cr9.8%13.0%0.6x
2025-0614.6x₹1101 cr9.8%13.0%0.6x
2025-0515.8x₹1102 cr9.3%11.0%0.5x
2025-0415.1x₹1102 cr9.3%11.0%0.5x
2025-0313.8x₹1102 cr9.3%11.0%0.5x
2025-0220.0x₹1057 cr6.8%11.0%0.5x
2025-0124.6x₹1057 cr6.8%11.0%0.5x
2024-1228.7x₹1057 cr6.8%11.0%0.5x
2024-1127.3x₹1049 cr7.4%11.0%0.5x
2024-1025.4x₹1049 cr7.4%11.0%0.5x
2024-0927.0x₹1049 cr7.4%11.0%0.5x
2024-0822.4x₹1062 cr7.5%11.0%0.5x
2024-0722.3x₹1062 cr7.5%11.0%0.5x
2024-0619.3x₹1062 cr7.5%11.0%0.5x
2024-059.0x₹1118 cr17.1%20.0%0.4x
2024-0410.0x₹1118 cr17.1%20.0%0.4x
2024-039.2x₹1118 cr17.1%20.0%0.4x
2024-029.1x₹1118 cr17.1%20.0%0.4x
2024-0110.2x₹1118 cr17.1%20.0%0.4x
2023-1210.3x₹1118 cr17.1%20.0%0.4x
2023-1110.2x₹1118 cr17.1%20.0%0.4x
2023-1011.3x₹1118 cr17.1%20.0%0.4x
2023-0911.7x₹1118 cr17.1%20.0%0.4x
2023-0811.0x₹1118 cr17.1%20.0%0.4x
2023-0712.6x₹1118 cr17.1%20.0%0.4x
2023-0612.1x₹1118 cr17.1%20.0%0.4x
2023-0513.7x₹904 cr16.6%22.0%0.2x
2023-0412.0x₹904 cr16.6%22.0%0.2x
2023-0310.6x₹904 cr16.6%22.0%0.2x
2023-029.6x₹904 cr16.6%22.0%0.2x
2023-0111.0x₹904 cr16.6%22.0%0.2x
2022-1211.8x₹904 cr16.6%22.0%0.2x
2022-1112.6x₹904 cr16.6%22.0%0.2x
2022-1012.2x₹904 cr16.6%22.0%0.2x
2022-0912.9x₹904 cr16.6%22.0%0.2x
2022-0814.1x₹904 cr16.6%22.0%0.2x
2022-0712.7x₹904 cr16.6%22.0%0.2x
2022-0611.2x₹904 cr16.6%22.0%0.2x
2022-0515.5x₹622 cr10.9%—0.2x
2022-0416.4x₹622 cr10.9%—0.2x
2022-0314.2x₹622 cr10.9%—0.2x
2022-0214.4x₹622 cr10.9%—0.2x
2022-0117.9x₹622 cr10.9%—0.2x
2021-1217.6x₹622 cr10.9%—0.2x
2021-1116.1x₹622 cr10.9%—0.2x
2021-1011.4x₹622 cr10.9%—0.2x
2021-0910.5x₹622 cr10.9%—0.2x
2021-0810.3x₹622 cr10.9%—0.2x
2021-0711.0x₹622 cr10.9%—0.2x
2021-069.8x₹622 cr10.9%—0.2x

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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