Share price
₹63.66 latest close · −10.5% over the last 90 sessions
₹63.66 month-end · +61.4% over 12 months
₹63.66 month-end · −1.5% over 3 years
₹63.66 month-end · +439.5% since Jan '19
52-week range ₹28.30 to ₹75.70 · 1-year volatility 62.1%
Was the rally earned?
Partly.
- Most of the rise came from investors paying a higher multiple (P/E 15.0x to 31.8x); per-share earnings took off 35 points.
- The share count rose 3%.
- The share price was roughly flat over 3 years (-2%).
- The share count rose 60%.
Mostly yes, with a catch.
- Per-share earnings added 721 points, but investors now pay less per rupee of profit (P/E 64.1x to 31.8x), which took 200 points back.
- The share count rose 67%.
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
-75.1% (2024-01 peak to 2026-03 low, not yet recovered)
-62.4% (2019-05 peak to 2020-03 low, recovered 2021-06)
-58.5% (2021-07 peak to 2022-03 low, recovered 2022-09)
Most recent volume spikes
2026-11-05: 6.1x the 50-day median, price +5.9% that day
2026-10-27: 28.5x the 50-day median, price +9.9% that day
2026-10-19: 15.3x the 50-day median, price +9.4% 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 4.9x to 77.7x since 2019-01.
8% above the Producer Manufacturing 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 Producer Manufacturing peers?
Each cell is the company's percentile rank among its Producer Manufacturing 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
- ROCE36th▼ 14 pts vs a year ago
- Op. margin23rd▲ 13 pts vs a year ago
- Revenue growth55th▼ 37 pts vs a year ago
- EPS growth20th▼ 3 pts vs a year ago
- Debt/equity ↓60th▼ 18 pts vs a year ago
- Cash cycle ↓54thflat vs a year ago
- P/E ↓46th▼ 42 pts vs a year ago
- 12M momentum89th▲ 79 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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory
What is the price implying?
At normalised P/E (five-year average earnings) of 33.6x, a holder earning 12%/yr needs earnings to grow about 21.4%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 23.0% | 24.1% | 25.3% |
| 15x | 20.3% | 21.4% | 22.5% |
| 20x | 16.9% | 18.0% | 19.0% |
Drag a slider to test other assumptions
Implied: 21.4%/yrLooking back
- Jan 2020Price implied −0%/yr; EPS has since grown 2%/yr (7.0 yrs)
- Jan 2021Price implied 2%/yr; EPS has since grown 6%/yr (6.0 yrs)
- Jan 2022Price implied 11%/yr; EPS has since grown 67%/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 Producer Manufacturing The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹63.66
- P/E
- 31.8x
- ROCE
- 12.0%
- Market Cap
- ₹2082 cr
- Revenue (TTM)
- ₹1991 cr
- P/S
- 1.0x
- P/B
- 2.7x
- ROE
- 8.4%
- Operating Margin
- 7.0%
- Debt / Equity
- 0.2x
- Promoter Holding
- 49.2%
- 12M Momentum
- 61.4%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance45%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 45.1%. 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 conversion-0.15xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -0.15x (cash from operations ₹-35 cr, net profit ₹233 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+1 daysWithin range
Debtor days are above the median of the previous three fiscal years by 1 days (79 vs 78). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days+11 days / 2 yrsWithin range
Days payable changed by +11 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.
Who has been buying and selling?
- Over 2 years, FIIs trimmed 7.1 pts; promoters trimmed 4.3 pts.
- The number of shareholders rose from 70,897 to 1.3 lakh (+86%) between Dec 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 PARAMOUNT COMMUNICATIONS 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 −34% to +49% vs the market, against −3% for all non-financial companies in the same months.
- The gap against the base rate (−2.5%, 80% range −19.1% to +15.7%) 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 · 4 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 34 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ORIENTBELL Producer Manufacturing |
Jul 2022 | 29x | 14% | +84% | −19% | −37% |
| POCL Non-Energy Minerals |
Aug 2024 | 68x | 14% | +269% | −6% | +27% |
| ICIL Process Industries |
Feb 2020 | 18x | 10% | +46% | −17% | +76% |
| ELECON Producer Manufacturing |
Jun 2021 | 27x | 11% | +424% | −3% | +91% |
| PRECAM Producer Manufacturing |
Aug 2023 | 53x | 8% | +111% | −2% | −36% |
Show the other 3 matches
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 revenue growth. 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 Mar '23
- OctPriceVolume reached 28.5x its 50-day median on 2026-10-27; price +9.9% that day.
- MayPriceVolume reached 29.8x its 50-day median on 2026-05-11; price +9.0% that day.
- MarPriceFell 75% from the Jan 2024 peak to the Mar 2026 low.
- FebPriceVolume reached 7.5x its 50-day median on 2026-02-03; price +20.0% that day.
- JanPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
- DecPriceVolume reached 22.3x its 50-day median on 2025-12-26; price +3.3% that day.
- SepResultsYear-on-year EPS growth turned negative.
- SepPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
Show 22 earlier events
- JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
- JanDebtDebt / equity halved over 12 months to 0.16x.
- DecInstitutionsFII + DII holding fell 4.9 pts over 1 quarter to 2.2%.
- DecPriceVolume reached 6.7x its 50-day median on 2024-12-20; price -0.7% that day.
- SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
- AugPriceVolume reached 19.6x its 50-day median on 2024-08-26; price +8.4% that day.
- JunPromoterPromoter holding fell 4.2 pts to 49.3%.
- JunResultsRevenue (TTM) reached a new high of ₹1,068 cr.
- JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the top quartile).
- JunDebtDebt / equity halved over 12 months to 0.16x.
- JunSharesShare count is up 56.4% over 12 months.
- JanPriceVolume reached 7.4x its 50-day median on 2024-01-05; price +3.0% that day.
- DecPriceRegained the 2023-09 peak, 2 months after the low.
- DecPriceVolume reached 12.9x its 50-day median on 2023-12-20; price -3.5% that day.
- OctPriceFell 29% from the Sep 2023 peak to the Oct 2023 low.
- AugPriceRegained the 2023-01 peak, 5 months after the low.
- AugPriceVolume reached 25.3x its 50-day median on 2023-08-08; price +3.2% that day.
- JunResultsRevenue (TTM) reached a new high of ₹794 cr.
- JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
- AprValuationP/E crossed above the 90th percentile of its own history to date (94.6x).
- AprPriceVolume reached 7.3x its 50-day median on 2023-04-10; price +1.5% that day.
- MarPriceFell 35% from the Jan 2023 peak to the Mar 2023 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 history60 months · 2021-12 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 31.8x | ₹1991 cr | 8.4% | 12.0% | 0.2x |
| 2026-10 | 30.7x | ₹1991 cr | 8.2% | 12.0% | 0.2x |
| 2026-09 | 28.2x | ₹1991 cr | 8.2% | 12.0% | 0.2x |
| 2026-08 | 33.3x | ₹1913 cr | 8.0% | 12.0% | 0.2x |
| 2026-07 | 33.1x | ₹1913 cr | 8.0% | 12.0% | 0.2x |
| 2026-06 | 35.2x | ₹1913 cr | 8.0% | 12.0% | 0.2x |
| 2026-05 | 34.7x | ₹1847 cr | 8.3% | 16.0% | 0.0x |
| 2026-04 | 20.8x | ₹1847 cr | 8.3% | 16.0% | 0.0x |
| 2026-03 | 15.0x | ₹1847 cr | 8.3% | 16.0% | 0.0x |
| 2026-02 | 14.6x | ₹1778 cr | 10.7% | 16.0% | 0.0x |
| 2026-01 | 14.0x | ₹1778 cr | 10.7% | 16.0% | 0.0x |
| 2025-12 | 16.6x | ₹1778 cr | 10.7% | 16.0% | 0.0x |
| 2025-11 | 15.0x | ₹1706 cr | 11.7% | 16.0% | 0.0x |
| 2025-10 | 16.5x | ₹1706 cr | 11.7% | 16.0% | 0.0x |
| 2025-09 | 16.9x | ₹1706 cr | 11.7% | 16.0% | 0.0x |
| 2025-08 | 15.8x | ₹1576 cr | 12.7% | 16.0% | 0.0x |
| 2025-07 | 19.6x | ₹1576 cr | 12.7% | 16.0% | 0.0x |
| 2025-06 | 20.1x | ₹1576 cr | 12.7% | 16.0% | 0.0x |
| 2025-05 | 17.0x | ₹1392 cr | 16.3% | 15.0% | 0.2x |
| 2025-04 | 15.1x | ₹1392 cr | 16.3% | 15.0% | 0.2x |
| 2025-03 | 15.4x | ₹1392 cr | 16.3% | 15.0% | 0.2x |
| 2025-02 | 16.5x | ₹1284 cr | 16.1% | 15.0% | 0.2x |
| 2025-01 | 22.1x | ₹1284 cr | 16.1% | 15.0% | 0.2x |
| 2024-12 | 25.4x | ₹1284 cr | 16.1% | 15.0% | 0.2x |
| 2024-11 | 21.1x | ₹1180 cr | 15.9% | 15.0% | 0.2x |
| 2024-10 | 21.3x | ₹1180 cr | 15.9% | 15.0% | 0.2x |
| 2024-09 | 25.2x | ₹1180 cr | 15.9% | 15.0% | 0.2x |
| 2024-08 | 31.5x | ₹1068 cr | 14.4% | 15.0% | 0.2x |
| 2024-07 | 28.9x | ₹1068 cr | 14.4% | 15.0% | 0.2x |
| 2024-06 | 26.0x | ₹1068 cr | 14.4% | 15.0% | 0.2x |
| 2024-05 | 31.9x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2024-04 | 30.0x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2024-03 | 27.3x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2024-02 | 34.4x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2024-01 | 42.9x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2023-12 | 35.8x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2023-11 | 26.3x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2023-10 | 22.5x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2023-09 | 25.6x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2023-08 | 24.2x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2023-07 | 16.1x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2023-06 | 14.3x | ₹794 cr | 17.1% | 13.0% | 0.5x |
| 2023-05 | 90.1x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2023-04 | 94.6x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2023-03 | 74.0x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2023-02 | 82.3x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2023-01 | 90.6x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2022-12 | 83.1x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2022-11 | 49.0x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2022-10 | 45.4x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2022-09 | 42.7x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2022-08 | 43.9x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2022-07 | 25.8x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2022-06 | 25.8x | ₹580 cr | 4.2% | 4.0% | 0.9x |
| 2022-05 | 72.5x | ₹518 cr | 1.6% | 3.0% | 1.0x |
| 2022-04 | 77.8x | ₹518 cr | 1.6% | 3.0% | 1.0x |
| 2022-03 | 60.6x | ₹518 cr | 1.6% | 3.0% | 1.0x |
| 2022-02 | 71.3x | ₹518 cr | 1.6% | 3.0% | 1.0x |
| 2022-01 | 83.1x | ₹518 cr | 1.6% | 3.0% | 1.0x |
| 2021-12 | 87.2x | ₹518 cr | 1.6% | 3.0% | 1.0x |
Older months are in the live observatory.