Share price
₹70.2 latest close · +10.2% over the last 90 sessions
₹70.2 month-end · +16.7% over 12 months
₹70.2 month-end · +90.0% over 3 years
₹70.2 month-end · +123.9% since Oct '21
52-week range ₹40.41 to ₹86.00 · 1-year volatility 53.3%
Was the rally earned?
Mostly yes, with a catch.
- Per-share earnings added 141 points, but investors now pay less per rupee of profit (P/E 20.7x to 6.5x), which took 124 points back.
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 137 points, but investors now pay less per rupee of profit (P/E 9.2x to 6.5x), which took 47 points back.
- The share count barely moved.
Mostly yes.
- Per-share earnings added 128 points to the rise, while the multiple moved less (P/E 6.0x to 6.5x).
- 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
-58.9% (2022-01 peak to 2023-03 low, recovered 2024-09)
-40.3% (2024-09 peak to 2024-11 low, recovered 2026-06)
-23.0% (2026-06 peak to 2026-07 low, recovered 2026-09)
Most recent volume spikes
2026-10-15: 11.2x the 50-day median, price -5.6% that day
2026-10-14: 49.4x the 50-day median, price +12.4% that day
2026-09-25: 5.3x the 50-day median, price -0.5% 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 6.2x to 17.7x since 2021-10.
64% below the Process Industries 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 Process Industries peers?
Each cell is the company's percentile rank among its Process Industries 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
- ROCE84th▲ 29 pts vs a year ago
- Op. margin72nd▲ 55 pts vs a year ago
- Revenue growth95th▲ 33 pts vs a year ago
- EPS growth97th▲ 37 pts vs a year ago
- Debt/equity ↓61stflat vs a year ago
- Cash cycle ↓79th▲ 6 pts vs a year ago
- P/E ↓91st▲ 39 pts vs a year ago
- 12M momentum77th▼ 17 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 Process Industries sector page Watch it move against Process Industries in the Observatory
What is the price implying?
At a P/E of 15.6x, the price would imply about 12.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Below the ₹1,000 cr market-cap floor used for the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Process Industries The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹70.20
- P/E
- 6.5x
- ROCE
- 21.0%
- Market Cap
- ₹626 cr
- Revenue (TTM)
- ₹1032 cr
- P/S
- 0.6x
- P/B
- 1.4x
- ROE
- 22.0%
- Operating Margin
- 16.0%
- Debt / Equity
- 0.2x
- Promoter Holding
- 65.9%
- 12M Momentum
- 16.7%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance6%Within range
Other income as a share of pre-tax profit (trailing twelve months): 6.2%. 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 conversion1.12xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 1.12x (cash from operations ₹132 cr, net profit ₹118 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow2 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history-1 daysWithin range
Debtor days are below the median of the previous three fiscal years by 1 days (28 vs 29). 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-54 days / 2 yrsWithin range
Days payable changed by -54 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 3 years, institutional and promoter holdings were broadly unchanged.
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 PASUPATI ACRYLON 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 −28% to +47% vs the market, against 0% for all non-financial companies in the same months.
- The gap against the base rate (−6.6%, 80% range −17.0% to +7.8%) 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 · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 36 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| CLSEL Process Industries |
Jul 2023 | 8x | 26% | +75% | −6% | −17% |
| SRHHYPOLTD Process Industries |
Aug 2021 | 9x | 21% | +97% | −12% | +136% |
| GALLANTT Non-Energy Minerals |
Jul 2021 | 8x | 12% | +178% | −2% | −18% |
| PDMJEPAPER Process Industries |
May 2024 | 14x | 19% | +113% | −10% | +9% |
| MANINDS Producer Manufacturing |
Jul 2021 | 8x | 17% | +192% | −6% | −32% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| MANAKSIA Non-Energy Minerals |
Apr 2023 | 5x | 23% | +38% | −17% | −38% |
| RADHIKAJWE Retail Trade |
Jul 2024 | 17x | 25% | +100% | −1% | +47% |
| MADRASFERT Process Industries |
Jan 2024 | 10x | 28% | +83% | −4% | −25% |
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 P/S. 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 Aug '23
- OctPriceVolume reached 49.4x its 50-day median on 2026-10-14; price +12.4% that day.
- SepPeer rankSlipped to the 2nd quartile of Process Industries on operating margin (from the top quartile).
- SepPriceVolume reached 20.5x its 50-day median on 2026-09-23; price +4.5% that day.
- JunPriceRegained the 2024-09 peak, 19 months after the low.
- JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 2nd quartile).
- JunPriceVolume reached 39.8x its 50-day median on 2026-06-01; price +15.7% that day.
- MarPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
- FebPriceVolume reached 10.5x its 50-day median on 2026-02-12; price +9.7% that day.
Show 22 earlier events
- DecResultsRevenue (TTM) reached a new high of ₹838 cr.
- DecPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the bottom quartile).
- OctValuationP/E crossed above the 90th percentile of its own history to date (18.7x).
- OctPriceVolume reached 51.8x its 50-day median on 2025-10-30; price +3.0% that day.
- SepPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
- AugPriceVolume reached 8.2x its 50-day median on 2025-08-14; price -10.0% that day.
- JunPeer rankMoved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
- JunPriceVolume reached 5.4x its 50-day median on 2025-06-26; price +3.4% that day.
- MarResultsYear-on-year EPS growth turned positive.
- MarPeer rankMoved into the 3rd quartile of Process Industries on operating margin (from the bottom quartile).
- MarPriceVolume reached 29.1x its 50-day median on 2025-03-11; price +19.7% that day.
- DecPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
- NovPriceFell 40% from the Sep 2024 peak to the Nov 2024 low.
- SepPriceRegained the 2022-01 peak, 18 months after the low.
- SepPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
- AugPriceVolume reached 69.2x its 50-day median on 2024-08-16; price +17.8% that day.
- JunValuationP/E crossed above the 90th percentile of its own history to date (25.0x).
- JunPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
- FebPriceVolume reached 24.3x its 50-day median on 2024-02-07; price +17.9% that day.
- JanValuationP/E crossed above the 90th percentile of its own history to date (10.7x).
- OctPriceVolume reached 22.4x its 50-day median on 2023-10-06; price +12.1% that day.
- AugPriceVolume reached 18.9x its 50-day median on 2023-08-31; price +7.5% 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 history62 months · 2021-10 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 6.5x | ₹1032 cr | 22.0% | 21.0% | 0.2x |
| 2026-10 | 6.4x | ₹1032 cr | 21.8% | 21.0% | 0.2x |
| 2026-09 | 6.8x | ₹1032 cr | 21.8% | 21.0% | 0.2x |
| 2026-08 | 7.9x | ₹1010 cr | 16.1% | 21.0% | 0.2x |
| 2026-07 | 7.4x | ₹1010 cr | 16.1% | 21.0% | 0.2x |
| 2026-06 | 8.1x | ₹1010 cr | 16.1% | 21.0% | 0.2x |
| 2026-05 | 9.7x | ₹933 cr | 15.1% | 12.0% | 0.3x |
| 2026-04 | 8.1x | ₹933 cr | 15.1% | 12.0% | 0.3x |
| 2026-03 | 6.6x | ₹933 cr | 15.1% | 12.0% | 0.3x |
| 2026-02 | 12.1x | ₹838 cr | 10.7% | 12.0% | 0.3x |
| 2026-01 | 10.4x | ₹838 cr | 10.7% | 12.0% | 0.3x |
| 2025-12 | 12.0x | ₹838 cr | 10.7% | 12.0% | 0.3x |
| 2025-11 | 20.7x | ₹682 cr | 7.1% | 12.0% | 0.3x |
| 2025-10 | 18.7x | ₹682 cr | 7.1% | 12.0% | 0.3x |
| 2025-09 | 15.7x | ₹682 cr | 7.1% | 12.0% | 0.3x |
| 2025-08 | 10.4x | ₹621 cr | 9.6% | 12.0% | 0.3x |
| 2025-07 | 12.4x | ₹621 cr | 9.6% | 12.0% | 0.3x |
| 2025-06 | 13.5x | ₹621 cr | 9.6% | 12.0% | 0.3x |
| 2025-05 | 11.1x | ₹630 cr | 11.2% | 6.0% | 0.1x |
| 2025-04 | 10.7x | ₹630 cr | 11.2% | 6.0% | 0.1x |
| 2025-03 | 12.1x | ₹630 cr | 11.2% | 6.0% | 0.1x |
| 2025-02 | 10.0x | ₹612 cr | 10.9% | 6.0% | 0.1x |
| 2025-01 | 11.7x | ₹612 cr | 10.9% | 6.0% | 0.1x |
| 2024-12 | 10.8x | ₹612 cr | 10.9% | 6.0% | 0.1x |
| 2024-11 | 15.7x | ₹611 cr | 7.0% | 6.0% | 0.1x |
| 2024-10 | 17.9x | ₹611 cr | 7.0% | 6.0% | 0.1x |
| 2024-09 | 19.8x | ₹611 cr | 7.0% | 6.0% | 0.1x |
| 2024-08 | 33.9x | ₹576 cr | 4.0% | 6.0% | 0.1x |
| 2024-07 | 27.4x | ₹576 cr | 4.0% | 6.0% | 0.1x |
| 2024-06 | 25.0x | ₹576 cr | 4.0% | 6.0% | 0.1x |
| 2024-05 | 9.0x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2024-04 | 9.4x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2024-03 | 8.9x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2024-02 | 11.7x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2024-01 | 10.7x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2023-12 | 9.3x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2023-11 | 9.2x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2023-10 | 9.2x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2023-09 | 10.0x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2023-08 | 9.2x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2023-07 | 7.5x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2023-06 | 7.7x | ₹828 cr | 11.4% | 17.0% | 0.0x |
| 2023-05 | 5.6x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2023-04 | 6.0x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2023-03 | 4.8x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2023-02 | 5.5x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2023-01 | 6.3x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2022-12 | 6.6x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2022-11 | 6.0x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2022-10 | 6.4x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2022-09 | 6.8x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2022-08 | 7.2x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2022-07 | 6.6x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2022-06 | 6.2x | ₹775 cr | 16.5% | 25.0% | 0.0x |
| 2022-05 | 7.5x | ₹505 cr | 18.5% | 29.0% | 0.0x |
| 2022-04 | 8.7x | ₹505 cr | 18.5% | 29.0% | 0.0x |
| 2022-03 | 8.0x | ₹505 cr | 18.5% | 29.0% | 0.0x |
| 2022-02 | 8.4x | ₹505 cr | 18.5% | 29.0% | 0.0x |
| 2022-01 | 9.6x | ₹505 cr | 18.5% | 29.0% | 0.0x |
| 2021-12 | 9.7x | ₹505 cr | 18.5% | 29.0% | 0.0x |
| 2021-11 | 6.0x | ₹505 cr | 18.5% | 29.0% | 0.0x |
| 2021-10 | 6.5x | ₹505 cr | 18.5% | 29.0% | 0.0x |