Share price
₹15.4 latest close · −15.2% over the last 90 sessions
₹15.4 month-end · −36.8% over 12 months
₹15.4 month-end · −49.7% over 3 years
₹15.4 month-end · +27.8% since Jan '19
52-week range ₹12.75 to ₹28.90 · 1-year volatility 45.7%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-71.2% (2024-09 peak to 2026-03 low, not yet recovered)
-49.8% (2019-03 peak to 2019-10 low, recovered 2019-11)
-48.3% (2023-01 peak to 2023-03 low, recovered 2023-12)
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
- ROCE1stflat vs a year ago
- Op. margin1stflat vs a year ago
- Revenue growth10th▼ 65 pts vs a year ago
- EPS growth1st
- Debt/equity ↓98thflat vs a year ago
- Cash cycle ↓98thflat vs a year ago
- P/E ↓39th
- 12M momentum11th▼ 16 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?
Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.
“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
- ₹15.40
- ROCE
- -17.3%
- Market Cap
- ₹26 cr
- Revenue (TTM)
- ₹20 cr
- P/S
- 1.3x
- P/B
- 0.9x
- ROE
- -18.3%
- Operating Margin
- -27.2%
- Debt / Equity
- 0.0x
- Promoter Holding
- 55.6%
- 12M Momentum
- -36.8%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance—Not enough data
Not enough reported data to compute this.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow1 of 5 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history-3 daysWithin range
Debtor days are below the median of the previous three fiscal years by 3 days (36 vs 39). 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-19 days / 2 yrsWithin range
Days payable changed by -19 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, 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 PEARL POLYMERS 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 −22% to +41% vs the market, against −4% for all non-financial companies in the same months.
- The gap against the base rate (−3.6%, 80% range −9.4% to +8.3%) 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 · 8 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 40 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| NIBL Producer Manufacturing |
Sep 2024 | — | -17% | +4% | −28% | −13% |
| KREBSBIO Health Technology |
May 2024 | — | -29% | −6% | −30% | +16% |
| RSSOFTWARE Technology Services |
Jan 2023 | — | -23% | −36% | −39% | +110% |
| TRF Producer Manufacturing |
Aug 2021 | — | -58% | +30% | −32% | +48% |
| WILLAMAGOR Consumer Non-Durables |
Apr 2021 | — | -16% | +27% | −31% | +5% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ACEINTEG Technology Services |
Sep 2025 | — | -11% | −36% | −36% | −29% |
| SUPREMEINF Industrial Services |
Aug 2023 | — | -8% | −21% | −30% | +76% |
| SUVIDHAA Commercial Services |
Oct 2023 | — | -2% | −24% | −24% | −13% |
How reliable is this?
Matched on P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and ROCE. Not used (unavailable for this company): P/E and interest cover. This company is loss-making, so it was only compared with loss-making companies. 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 changed?
29 events since Feb '19
- MarPriceFell 71% from the Sep 2024 peak to the Mar 2026 low.
- MarResultsEPS (TTM) turned negative.
- SepPriceRegained the 2024-05 peak, 1 month after the low.
- AugPriceFell 33% from the May 2024 peak to the Aug 2024 low.
- JunResultsEPS (TTM) turned positive.
- MayPriceRegained the 2024-02 peak, 2 months after the low.
- MarPriceFell 34% from the Feb 2024 peak to the Mar 2024 low.
- DecPriceRegained the 2023-01 peak, 9 months after the low.
Show 21 earlier events
- JunResultsEPS (TTM) turned negative.
- JunPeer rankSlipped to the bottom quartile of Process Industries on ROCE (from the top quartile).
- MarPriceFell 48% from the Jan 2023 peak to the Mar 2023 low.
- FebDebtDebt / equity halved over 12 months to 0.01x.
- JanPriceRegained the 2022-04 peak, 2 months after the low.
- NovPriceFell 47% from the Apr 2022 peak to the Nov 2022 low.
- JulDebtDebt / equity halved over 12 months to 0.01x.
- JunResultsEPS (TTM) turned positive.
- JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the bottom quartile).
- JunDebtDebt / equity fell below 1.0x (0.01x).
- AprPriceRegained the 2021-12 peak, 2 months after the low.
- FebPriceFell 29% from the Dec 2021 peak to the Feb 2022 low.
- DecPriceRegained the 2020-07 peak, 8 months after the low.
- JunDebtDebt / equity rose above 1.0x (1.18x).
- AprPriceFell 37% from the Jul 2020 peak to the Apr 2021 low.
- JulPriceRegained the 2020-01 peak, 2 months after the low.
- MayPriceFell 41% from the Jan 2020 peak to the May 2020 low.
- NovPriceRegained the 2019-03 peak, 1 month after the low.
- OctPriceFell 50% from the Mar 2019 peak to the Oct 2019 low.
- MarPriceRegained the 2019-01 peak, 1 month after the low.
- FebPriceFell 27% from the Jan 2019 peak to the Feb 2019 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 | — | ₹20 cr | -18.3% | -17.3% | 0.0x |
| 2026-10 | — | ₹20 cr | -18.4% | -17.3% | 0.0x |
| 2026-09 | — | ₹20 cr | -18.4% | -17.3% | 0.0x |
| 2026-08 | — | ₹20 cr | -16.5% | -17.3% | 0.0x |
| 2026-07 | — | ₹20 cr | -16.5% | -17.3% | 0.0x |
| 2026-06 | — | ₹20 cr | -16.5% | -17.3% | 0.0x |
| 2026-05 | — | ₹20 cr | -15.3% | -15.9% | 0.0x |
| 2026-04 | — | ₹20 cr | -15.3% | -15.9% | 0.0x |
| 2026-03 | — | ₹20 cr | -15.3% | -15.9% | 0.0x |
| 2026-02 | — | ₹21 cr | -17.1% | -15.9% | 0.0x |
| 2026-01 | — | ₹21 cr | -17.1% | -15.9% | 0.0x |
| 2025-12 | — | ₹21 cr | -17.1% | -15.9% | 0.0x |
| 2025-11 | — | ₹22 cr | -10.5% | -15.9% | 0.0x |
| 2025-10 | — | ₹22 cr | -10.5% | -15.9% | 0.0x |
| 2025-09 | — | ₹22 cr | -10.5% | -15.9% | 0.0x |
| 2025-08 | — | ₹22 cr | -15.4% | -15.9% | 0.0x |
| 2025-07 | — | ₹22 cr | -15.4% | -15.9% | 0.0x |
| 2025-06 | — | ₹22 cr | -15.4% | -15.9% | 0.0x |
| 2025-05 | — | ₹21 cr | -3.1% | -2.6% | 0.0x |
| 2025-04 | — | ₹21 cr | -3.1% | -2.6% | 0.0x |
| 2025-03 | — | ₹21 cr | -3.1% | -2.6% | 0.0x |
| 2025-02 | 27.1x | ₹19 cr | 4.2% | -2.6% | 0.0x |
| 2025-01 | 34.2x | ₹19 cr | 4.2% | -2.6% | 0.0x |
| 2024-12 | 40.3x | ₹19 cr | 4.2% | -2.6% | 0.0x |
| 2024-11 | 40.6x | ₹18 cr | 3.9% | -2.6% | 0.0x |
| 2024-10 | 40.8x | ₹18 cr | 3.9% | -2.6% | 0.0x |
| 2024-09 | 43.0x | ₹18 cr | 3.9% | -2.6% | 0.0x |
| 2024-08 | 98.4x | ₹16 cr | 1.7% | -2.6% | 0.0x |
| 2024-07 | 82.0x | ₹16 cr | 1.7% | -2.6% | 0.0x |
| 2024-06 | 81.8x | ₹16 cr | 1.7% | -2.6% | 0.0x |
| 2024-05 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2024-04 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2024-03 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2024-02 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2024-01 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2023-12 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2023-11 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2023-10 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2023-09 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2023-08 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2023-07 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2023-06 | — | ₹17 cr | -21.5% | -17.4% | 0.0x |
| 2023-05 | 1.7x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2023-04 | 1.7x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2023-03 | 1.4x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2023-02 | 1.7x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2023-01 | 1.9x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2022-12 | 1.8x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2022-11 | 1.5x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2022-10 | 1.4x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2022-09 | 1.5x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2022-08 | 1.8x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2022-07 | 1.7x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2022-06 | 1.7x | ₹14 cr | 47.4% | 54.7% | 0.0x |
| 2022-05 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2022-04 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2022-03 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2022-02 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2022-01 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2021-12 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2021-11 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2021-10 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2021-09 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2021-08 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2021-07 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2021-06 | — | ₹112 cr | -44.0% | -14.6% | 1.2x |
| 2021-05 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2021-04 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2021-03 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2021-02 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2021-01 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2020-12 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2020-11 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2020-10 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2020-09 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2020-08 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2020-07 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2020-06 | — | ₹139 cr | -32.2% | -14.3% | 0.8x |
| 2020-05 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2020-04 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2020-03 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2020-02 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2020-01 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2019-12 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2019-11 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2019-10 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2019-09 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2019-08 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2019-07 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2019-06 | — | ₹179 cr | -10.7% | -2.7% | 0.6x |
| 2019-05 | — | ₹181 cr | -5.2% | 0.1% | 0.6x |
| 2019-04 | — | ₹181 cr | -5.2% | 0.1% | 0.6x |
| 2019-03 | — | ₹181 cr | -5.2% | 0.1% | 0.6x |
| 2019-02 | — | ₹181 cr | -5.2% | 0.1% | 0.6x |
| 2019-01 | — | ₹181 cr | -5.2% | 0.1% | 0.6x |