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NCC LIMITED (NCC)

Consumer Durables · Homebuilding · 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.48 / 100
Profitability 52Growth 41Balance sheet 50
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.30 / 100
Price 37Earnings 28FII/DII 25

Passes these screensValue PickDebt-light & profitableLittle growth priced in

Compare withANANT RAJNILA SPACESRAVINDER HEIGHTS

Share price

Closing priceAdjusted for splits and bonus issues.

₹130.93 latest close · −12.4% over the last 90 sessions

₹120₹140Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹120₹140Jul 3Sep 4Nov 9

₹130.93 month-end · −23.6% over 12 months

₹120₹140₹160Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹120₹140₹160Nov '25May '26Nov '26

₹130.93 month-end · −21.4% over 3 years

₹100₹200₹300Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹100₹200₹300Nov '23May '25Nov '26

₹130.93 month-end · +64.6% since Jan '19

₹0₹100₹200₹300Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹100₹200₹300Jan '19Dec '22Nov '26

52-week range ₹113.50 to ₹214.90 · 1-year volatility 31.9%

Was the rally earned?

-24%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings took off 12 points and the multiple took off 12 points (P/E 13.4x to 11.8x).
  • The share count barely moved.
Net profit growth: −11 pts. Points of the price return explained by net profit growing (or shrinking).−11 ptsNet profit growthP/E change: −12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−12 ptsP/E changeShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1 ptsShare count changeShare price: −24%−24%Share priceNet profit growth: −11 pts. Points of the price return explained by net profit growing (or shrinking).−11ProfitP/E change: −12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−12P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −24%−24%Share price
Net profit growth-11 ptsNet profit fell about 12%, which lowers the price.
P/E change-12 ptsThe P/E fell from 13.4x to 11.8x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
-21%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 12 points, but investors now pay less per rupee of profit (P/E 17.2x to 11.8x), which took 34 points back.
  • The share count barely moved.
Net profit growth: +13 pts. Points of the price return explained by net profit growing (or shrinking).+13 ptsNet profit growthP/E change: −34 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−34 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: −21%−21%Share priceNet profit growth: +13 pts. Points of the price return explained by net profit growing (or shrinking).+13ProfitP/E change: −34 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−34P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −21%−21%Share price
Net profit growth+13 ptsNet profit rose about 16%, which lifts the price.
P/E change-34 ptsThe P/E fell from 17.2x to 11.8x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+85%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 128 points, but investors now pay less per rupee of profit (P/E 16.1x to 11.8x), which took 43 points back.
  • The share count rose 4%.
Net profit growth: +134 pts. Points of the price return explained by net profit growing (or shrinking).+134 ptsNet profit growthP/E change: −43 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−43 ptsP/E changeShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6 ptsShare count changeShare price: +85%+85%Share priceNet profit growth: +134 pts. Points of the price return explained by net profit growing (or shrinking).+134ProfitP/E change: −43 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−43P/EShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6SharesShare price: +85%+85%Share price
Net profit growth+134 ptsNet profit rose about 164%, which lifts the price.
P/E change-43 ptsThe P/E fell from 16.1x to 11.8x, which lowers the price.
Share count change-6 ptsShare count rose 4%, 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 ANANT RAJ

How rough has the ride been?

Maximum drawdown-86.1%recovered 2023-04
1-year volatility31.9%annualised
Beta vs sector index1.053-year daily, correlation 0.44
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−85.5% 0%−25%−50%−75%2020202220242026−85.5%
Largest drawdowns

-86.1% (2019-05 peak to 2020-03 low, recovered 2023-04)

-68.0% (2024-07 peak to 2026-10 low, not yet recovered)

-21.1% (2019-04 peak to 2019-05 low, recovered 2019-05)

Most recent volume spikes

2026-10-09: 10.6x the 50-day median, price +4.3% that day

2026-09-29: 17.8x the 50-day median, price -1.6% that day

2026-08-21: 14x the 50-day median, price +6.8% 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?

11.8xP/E todayWithin its usual range
Against its own history36th percentile
CheapestMedian 14.2xDearest

Usual range 5.9x to 25.8x since 2019-01.

Against Consumer Durables11.8x vs 25.5x
This company
11.8x
Sector median
25.5x

54% below the Consumer Durables median.

1.9x16.2x30.5x44.8xJan '19Aug '20Mar '22Oct '23May '25Nov '261.9x16.2x30.5x44.8xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianConsumer 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 Durables is valued

Where does it rank among Consumer Durables peers?

Each cell is the company's percentile rank among its Consumer 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

  • ROCE56th▼ 24 pts vs a year ago
  • Op. margin48th▲ 5 pts vs a year ago
  • Revenue growth12th▼ 4 pts vs a year ago
  • EPS growth12th▼ 36 pts vs a year ago
  • Debt/equity ↓40th▼ 21 pts vs a year ago
  • Cash cycle ↓98thflat vs a year ago
  • P/E ↓89th▼ 6 pts vs a year ago
  • 12M momentum33rd▲ 24 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 Durables sector page Watch it move against Consumer Durables in the Observatory

What is the price implying?

~9%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 12.7x, a holder earning 12%/yr needs earnings to grow about 8.5%/yr for 10 years, then trade at 15x.

Delivered17.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−9.0 ptsimplied minus delivered
Rank692ndmost demanding of 856

Over time

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

-1%44%90% Jan 2019Nov 2026 -1%44%90% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x9.8%10.8%11.8%
15x7.6%8.5%9.5%
20x4.7%5.7%6.6%

Drag a slider to test other assumptions

Implied: 8.5%/yr

Looking back

  • Jan 2020Price implied 12%/yr; EPS has since grown 3%/yr (7.0 yrs)
  • Jan 2021Price implied 10%/yr; EPS has since grown 14%/yr (6.0 yrs)
  • Jan 2022Price implied 13%/yr; EPS has since grown 20%/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 Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹130.93
P/E
11.8x
ROCE
17.0%
Market Cap
₹8185 cr
Revenue (TTM)
₹21456 cr
P/S
0.4x
P/B
1.0x
ROE
8.8%
Operating Margin
9.0%
Debt / Equity
0.4x
Promoter Holding
23.1%
12M Momentum
-23.6%

52-week range

₹113.50₹214.90
17% of the way from its 52-week low to its high

Price risk

1Y volatility
31.9%
Beta vs sector
1-year daily
0.88

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.3x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.70x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance10%Within range

Other income as a share of pre-tax profit (trailing twelve months): 9.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.70xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.70x (cash from operations ₹1,642 cr, net profit ₹2,332 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+11 daysWithin range

Debtor days are above the median of the previous three fiscal years by 11 days (66 vs 55). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress17% of fixed assetsWithin range

Capital work-in-progress is 17% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+153 days / 2 yrsNear threshold

Days payable changed by +153 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 12.6 pts; DIIs added 7.4 pts; promoters added 1.1 pts.
  • The number of shareholders rose from 3.7 lakh to 5.4 lakh (+48%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters22.0%23.1%+1.1 pts
FIIs23.9%11.3%-12.6 pts
DIIs10.5%17.9%+7.4 pts
Public and others43.6%47.8%+4.2 pts

Number of shareholders

5.4 lakhshareholders+48% since Dec '23
3.7L4.4L5.1L5.8L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 3.7 lakh
Mar '24: 4.1 lakh
Jun '24: 4.7 lakh
Sep '24: 5.0 lakh
Dec '24: 5.2 lakh
Mar '25: 5.8 lakh
Jun '25: 5.6 lakh
Sep '25: 5.6 lakh
Dec '25: 5.7 lakh
Mar '26: 5.6 lakh
Jun '26: 5.4 lakh
 3.7L4.4L5.1L5.8L Dec '23Dec '24Dec '25Jun '26
Dec '23: 3.7 lakh
Mar '24: 4.1 lakh
Jun '24: 4.7 lakh
Sep '24: 5.0 lakh
Dec '24: 5.2 lakh
Mar '25: 5.8 lakh
Jun '25: 5.6 lakh
Sep '25: 5.6 lakh
Dec '25: 5.7 lakh
Mar '26: 5.6 lakh
Jun '26: 5.4 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+4.3%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like NCC 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 −21% to +44% vs the market, against −8% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +12.4%, 80% range +3.6% to +24.2%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DCMSRIND · Jun 2025: −77.4% vs market
AGARIND · Oct 2025: −60.4% vs market
ALLCARGO · May 2024: −56.9% vs market
STLTECH · Mar 2022: −30.8% vs market
SUKHJITS · Jul 2024: −29.5% vs market
JINDALSAW · Sep 2021: −27.9% vs market
PATELENG · Aug 2025: −27.4% vs market
TVSSRICHAK · Jul 2024: −26.2% vs market
MUNJALAU · Jan 2025: −25.8% vs market
BIRLANU · Dec 2023: −24.4% vs market
INDIANHUME · Apr 2022: −22.2% vs market
SOMANYCERA · Feb 2025: −21.7% vs market
GRINFRA · Feb 2023: −21.6% vs market
KIRLOSIND · Mar 2025: −18.6% vs market
TNPL · Jun 2020: −17.0% vs market
BIRLACORPN · Apr 2022: −14.6% vs market
TRIVENI · Nov 2024: −14.2% vs market
SSWL · Apr 2024: −13.4% vs market
SIS · Dec 2022: −8.9% vs market
NCLIND · Jun 2022: −5.0% vs market
JKPAPER · May 2025: −1.3% vs market
MUKKA · Sep 2025: −1.1% vs market
SAIL · Oct 2023: −0.9% vs market
HUHTAMAKI · Sep 2025: +0.8% vs market
AARTIDRUGS · Apr 2025: +1.1% vs market
AVADHSUGAR · Mar 2025: +7.5% vs market
SPIC · Dec 2024: +9.0% vs market
ISGEC · May 2022: +10.2% vs market
JKLAKSHMI · Sep 2024: +20.4% vs market
WHEELS · Dec 2024: +20.7% vs market
VARROC · Nov 2024: +22.2% vs market
JKTYRE · Apr 2025: +22.6% vs market
JUBLPHARMA · Feb 2023: +24.3% vs market
TIMETECHNO · Mar 2022: +26.9% vs market
RCF · Aug 2021: +28.3% vs market
CEATLTD · Jul 2024: +30.8% vs market
KIRLOSBROS · Apr 2022: +32.8% vs market
CESC · May 2023: +47.9% vs market
KPIL · Jul 2022: +49.2% vs market
UNIVCABLES · Nov 2024: +50.4% vs market
CEIGALL · Oct 2025: +64.0% vs market
WABAG · Oct 2022: +66.5% vs market
GLENMARK · Jan 2023: +70.4% vs market
APARINDS · Jun 2021: +79.2% vs market
ARVIND · Aug 2025: +83.7% vs market
GVT&D · Jun 2022: +87.0% vs market
MANGLMCEM · May 2023: +92.6% vs market
GANDHAR · Sep 2025: +93.8% vs market
WELSPUNLIV · Sep 2025: +97.1% vs market
MANGCHEFER · May 2024: +135.6% vs market
Similar setups +4.3%All companies −8.1%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge

Similar setups' median
+4.3%
All companies' median
−8.1%
Beat the market
54% vs 41%

50 past situations · 50 companies · 31 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JKTYRE
Consumer Durables		 Apr 2025 15x19% −26%−35% +23%
TNPL
Process Industries		 Jun 2020 6x11% −36%−44% −17%
APARINDS
Electronic Technology		 Jun 2021 12x22% +61%−11% +79%
WABAG
Industrial Services		 Oct 2022 12x13% −17%−29% +67%
GANDHAR
Process Industries		 Sep 2025 19x11% −31%−42% +94%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SIS
Commercial Services		 Dec 2022 17x13% −15%−28% −9%
RCF
Process Industries		 Aug 2021 10x11% +52%−21% +28%
SPIC
Process Industries		 Dec 2024 14x18% −5%−29% +9%
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, P/E and drawdown from 12-month high. 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 NCC 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.

PTC INDIAPTC
Producer Manufacturing
68%similar
EPS growthpromoter holding
J KUMAR INFRAPROJECTSJKIL
Industrial Services
64%similar
volatilityrevenue growth
AMARA RAJA ENERGY & MOBILITYARE&M
Producer Manufacturing
61%similar
volatilityEPS growth
EID PARRY (INDIA)EIDPARRY
Process Industries
60%similar
ROCEdebt/equity
JK LAKSHMI CEMENTJKLAKSHMI
Non-Energy Minerals
60%similar
market capvolatility
APOLLO TYRESAPOLLOTYRE
Consumer Durables
64%similar
revenuepromoter holding
JK TYRE AND INDUSTRIESJKTYRE
Consumer Durables
52%similar
revenuemarket cap
CEATCEATLTD
Consumer Durables
49%similar
revenueoperating margin

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

What changed?

30 events since Apr '22

  1. OctPriceFell 68% from the Jul 2024 peak to the Oct 2026 low.
  2. OctPriceVolume reached 10.6x its 50-day median on 2026-10-09; price +4.3% that day.
  3. SepPriceVolume reached 17.8x its 50-day median on 2026-09-29; price -1.6% that day.
  4. JunPeer rankSlipped to the 2nd quartile of Consumer Durables on ROCE (from the top quartile).
  5. MarInstitutionsFII + DII holding fell 3.4 pts over 2 quarters to 26.8%.
  6. FebPriceVolume reached 9.5x its 50-day median on 2026-02-19; price +0.4% that day.
  7. DecResultsYear-on-year EPS growth turned negative.
  8. NovPriceVolume reached 7.1x its 50-day median on 2025-11-26; price +1.5% that day.
Show 22 earlier events
  1. SepPeer rankSlipped to the 3rd quartile of Consumer Durables on EPS growth (from the 2nd quartile).
  2. SepPriceVolume reached 9.0x its 50-day median on 2025-09-16; price +1.9% that day.
  3. JunInstitutionsFII + DII holding fell 3.8 pts over 2 quarters to 29.4%.
  4. FebPriceVolume reached 10.2x its 50-day median on 2025-02-07; price -12.7% that day.
  5. JulPriceVolume reached 9.3x its 50-day median on 2024-07-23; price +6.7% that day.
  6. JunResultsRevenue (TTM) reached a new high of ₹20,845 cr.
  7. JunInstitutionsFII + DII holding rose 3.6 pts over 1 quarter to 38.0%.
  8. JunPeer rankMoved into the top quartile of Consumer Durables on ROCE (from the 2nd quartile).
  9. MayPriceVolume reached 6.9x its 50-day median on 2024-05-16; price +8.8% that day.
  10. JanValuationP/E crossed above the 90th percentile of its own history to date (22.2x).
  11. JanPriceVolume reached 10.0x its 50-day median on 2024-01-10; price +9.5% that day.
  12. AugPriceVolume reached 10.9x its 50-day median on 2023-08-31; price +10.2% that day.
  13. JunResultsRevenue (TTM) reached a new high of ₹15,553 cr.
  14. JunPeer rankSlipped to the 3rd quartile of Consumer Durables on EPS growth (from the top quartile).
  15. MayPriceVolume reached 5.1x its 50-day median on 2023-05-25; price +8.5% that day.
  16. AprPriceRegained the 2019-05 peak, 37 months after the low.
  17. JanPriceVolume reached 9.8x its 50-day median on 2023-01-02; price +9.3% that day.
  18. DecPriceVolume reached 10.0x its 50-day median on 2022-12-14; price +2.2% that day.
  19. AugPriceVolume reached 6.0x its 50-day median on 2022-08-10; price +4.2% that day.
  20. JunResultsYear-on-year EPS growth turned positive.
  21. JunPeer rankMoved into the top quartile of Consumer Durables on EPS growth (from the 3rd quartile).
  22. AprPriceVolume reached 6.2x its 50-day median on 2022-04-01; price +10.9% 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1111.8x₹21456 cr8.8%17.0%0.4x
2026-1010.3x₹21456 cr8.8%17.0%0.4x
2026-0911.6x₹21456 cr8.8%17.0%0.4x
2026-0813.8x₹20823 cr8.6%17.0%0.4x
2026-0713.1x₹20823 cr8.6%17.0%0.4x
2026-0613.8x₹20823 cr8.6%17.0%0.4x
2026-0513.2x₹20721 cr9.8%22.0%0.2x
2026-0414.2x₹20721 cr9.8%22.0%0.2x
2026-0311.4x₹20721 cr9.8%22.0%0.2x
2026-0212.1x₹21198 cr10.7%22.0%0.2x
2026-0111.6x₹21198 cr10.7%22.0%0.2x
2025-1212.7x₹21198 cr10.7%22.0%0.2x
2025-1113.4x₹21851 cr10.8%22.0%0.2x
2025-1016.6x₹21851 cr10.8%22.0%0.2x
2025-0916.2x₹21851 cr10.8%22.0%0.2x
2025-0815.7x₹22200 cr11.0%22.0%0.2x
2025-0716.7x₹22200 cr11.0%22.0%0.2x
2025-0617.6x₹22200 cr11.0%22.0%0.2x
2025-0518.0x₹22554 cr11.8%22.0%0.1x
2025-0416.5x₹22554 cr11.8%22.0%0.1x
2025-0316.3x₹22554 cr11.8%22.0%0.1x
2025-0213.2x₹22469 cr12.2%22.0%0.1x
2025-0119.0x₹22469 cr12.2%22.0%0.1x
2024-1220.7x₹22469 cr12.2%22.0%0.1x
2024-1126.0x₹21993 cr10.9%22.0%0.1x
2024-1025.1x₹21993 cr10.9%22.0%0.1x
2024-0925.4x₹21993 cr10.9%22.0%0.1x
2024-0828.2x₹20845 cr10.4%22.0%0.1x
2024-0731.6x₹20845 cr10.4%22.0%0.1x
2024-0628.0x₹20845 cr10.4%22.0%0.1x
2024-0529.6x₹15553 cr9.8%19.0%0.2x
2024-0425.0x₹15553 cr9.8%19.0%0.2x
2024-0324.0x₹15553 cr9.8%19.0%0.2x
2024-0225.5x₹15553 cr9.8%19.0%0.2x
2024-0122.2x₹15553 cr9.8%19.0%0.2x
2023-1217.2x₹15553 cr9.8%19.0%0.2x
2023-1117.2x₹15553 cr9.8%19.0%0.2x
2023-1014.9x₹15553 cr9.8%19.0%0.2x
2023-0916.0x₹15553 cr9.8%19.0%0.2x
2023-0817.5x₹15553 cr9.8%19.0%0.2x
2023-0716.4x₹15553 cr9.8%19.0%0.2x
2023-0612.6x₹15553 cr9.8%19.0%0.2x
2023-0515.1x₹11138 cr8.2%12.0%0.2x
2023-0415.1x₹11138 cr8.2%12.0%0.2x
2023-0313.4x₹11138 cr8.2%12.0%0.2x
2023-0211.3x₹11138 cr8.2%12.0%0.2x
2023-0111.4x₹11138 cr8.2%12.0%0.2x
2022-1210.6x₹11138 cr8.2%12.0%0.2x
2022-1110.5x₹11138 cr8.2%12.0%0.2x
2022-109.4x₹11138 cr8.2%12.0%0.2x
2022-099.1x₹11138 cr8.2%12.0%0.2x
2022-088.9x₹11138 cr8.2%12.0%0.2x
2022-077.4x₹11138 cr8.2%12.0%0.2x
2022-066.8x₹11138 cr8.2%12.0%0.2x
2022-0514.7x₹7949 cr5.1%11.0%0.4x
2022-0415.6x₹7949 cr5.1%11.0%0.4x
2022-0313.3x₹7949 cr5.1%11.0%0.4x
2022-0214.2x₹7949 cr5.1%11.0%0.4x
2022-0117.0x₹7949 cr5.1%11.0%0.4x
2021-1216.0x₹7949 cr5.1%11.0%0.4x

Older months are in the live observatory.

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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