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PEARL GLOBAL INDUSTRIES LTD (PGIL)

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.56 / 100
Profitability 58Growth 78Balance sheet 32
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.79 / 100
Price 83Earnings 55FII/DII 98

Passes these screensHigh MomentumConsistent compoundersNear 52-week high

Compare withPAGE INDUSTRIESKPR MILLBATA INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,343.6 latest close · +33.3% over the last 90 sessions

₹1,000₹1,200Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,000₹1,200Jul 3Sep 4Nov 9

₹1,343.6 month-end · +59.1% over 12 months

₹800₹1,000₹1,200₹1,400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹800₹1,000₹1,200₹1,400Nov '25May '26Nov '26

₹1,343.6 month-end · +334.1% over 3 years

₹500₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹500₹1,000Nov '23May '25Nov '26

₹1,343.6 month-end · +3805.8% since Jan '19

₹0₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹643.00 to ₹1413.30 · 1-year volatility 49.0%

Was the rally earned?

+59%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings added 27 points and the multiple added 33 points (P/E 30.9x to 39.9x).
  • The share count rose 8%.
Net profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36 ptsNet profit growthP/E change: +33 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+33 ptsP/E changeShare count change: −9 pts. Points of the price return explained by the share count changing. More shares count against the price.−9 ptsShare count changeShare price: +59%+59%Share priceNet profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36ProfitP/E change: +33 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+33P/EShare count change: −9 pts. Points of the price return explained by the share count changing. More shares count against the price.−9SharesShare price: +59%+59%Share price
Net profit growth+36 ptsNet profit rose about 32%, which lifts the price.
P/E change+33 ptsThe P/E rose from 30.9x to 39.9x, which lifts the price.
Share count change-9 ptsShare count rose 8%, which lowers the price.
+334%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 152 points and the multiple added 182 points (P/E 18.0x to 39.9x).
  • The share count rose 4%.
Net profit growth: +162 pts. Points of the price return explained by net profit growing (or shrinking).+162 ptsNet profit growthP/E change: +182 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+182 ptsP/E changeShare count change: −9 pts. Points of the price return explained by the share count changing. More shares count against the price.−9 ptsShare count changeShare price: +334%+334%Share priceNet profit growth: +162 pts. Points of the price return explained by net profit growing (or shrinking).+162ProfitP/E change: +182 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+182P/EShare count change: −9 pts. Points of the price return explained by the share count changing. More shares count against the price.−9SharesShare price: +334%+334%Share price
Net profit growth+162 ptsNet profit rose about 103%, which lifts the price.
P/E change+182 ptsThe P/E rose from 18.0x to 39.9x, which lifts the price.
Share count change-9 ptsShare count rose 4%, which lowers the price.
+1357%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 1433 points, but investors now pay less per rupee of profit (P/E 46.3x to 39.9x), which took 75 points back.
  • The share count rose 8%.
Net profit growth: +1473 pts. Points of the price return explained by net profit growing (or shrinking).+1473 ptsNet profit growthP/E change: −75 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−75 ptsP/E changeShare count change: −40 pts. Points of the price return explained by the share count changing. More shares count against the price.−40 ptsShare count changeShare price: +1357%+1357%Share priceNet profit growth: +1473 pts. Points of the price return explained by net profit growing (or shrinking).+1473ProfitP/E change: −75 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−75P/EShare count change: −40 pts. Points of the price return explained by the share count changing. More shares count against the price.−40SharesShare price: +1357%+1357%Share price
Net profit growth+1473 ptsNet profit rose about 1730%, which lifts the price.
P/E change-75 ptsThe P/E fell from 46.3x to 39.9x, which lowers the price.
Share count change-40 ptsShare count rose 8%, 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 PAGE INDUSTRIES

How rough has the ride been?

Maximum drawdown-50.9%recovered 2020-12
1-year volatility49.0%annualised
Beta vs sector index0.773-year daily, correlation 0.20
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−50.9% 0%−20%−40%2020202220242026−50.9%
Largest drawdowns

-50.9% (2019-11 peak to 2020-03 low, recovered 2020-12)

-45.7% (2025-01 peak to 2025-04 low, recovered 2025-11)

-41.6% (2022-02 peak to 2022-06 low, recovered 2022-08)

Most recent volume spikes

2026-09-23: 5.5x the 50-day median, price +8.9% that day

2026-08-07: 31.7x the 50-day median, price +10.9% that day

2026-08-06: 9.2x the 50-day median, price +5.6% 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?

39.9xP/E todayNear its historic high
Against its own history89th percentile
CheapestMedian 18.4xDearest

Usual range 5.4x to 40.5x since 2019-01.

Against Consumer Non-Durables39.9x vs 26.8x
This company
39.9x
Sector median
26.8x

49% above the Consumer Non-Durables median.

3.1x24.0x44.9x65.8xJan '19Aug '20Mar '22Oct '23May '25Nov '263.1x24.0x44.9x65.8xJan '19Sep '21May '24Nov '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

  • ROCE75th▼ 4 pts vs a year ago
  • Op. margin42nd▲ 4 pts vs a year ago
  • Revenue growth64th▼ 23 pts vs a year ago
  • EPS growth64th▼ 14 pts vs a year ago
  • Debt/equity ↓27th▲ 8 pts vs a year ago
  • Cash cycle ↓71stflat vs a year ago
  • P/E ↓35th▼ 23 pts vs a year ago
  • 12M momentum92ndflat 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?

~29%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 68.0x, a holder earning 12%/yr needs earnings to grow about 29.3%/yr for 10 years, then trade at 15x.

Delivered25.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+3.7 ptsimplied minus delivered
Rank463rdmost demanding of 856

Over time

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

-1%15%31% Jan 2019Nov 2026 -1%15%31% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x30.8%32.0%33.2%
15x28.1%29.3%30.4%
20x24.6%25.8%26.9%

Drag a slider to test other assumptions

Implied: 29.3%/yr

Looking back

  • Jan 2020Price implied 4%/yr; EPS has since grown 21%/yr (7.0 yrs)
  • Jan 2021Price implied 7%/yr; EPS has since grown 51%/yr (6.0 yrs)
  • Jan 2022Price implied 21%/yr; EPS has since grown 72%/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
₹1343.60
P/E
39.9x
ROCE
20.0%
Market Cap
₹12422 cr
Revenue (TTM)
₹5325 cr
P/S
2.3x
P/B
8.5x
ROE
21.3%
Operating Margin
11.0%
Debt / Equity
0.6x
Promoter Holding
61.1%
12M Momentum
59.1%

52-week range

₹643.00₹1413.30
91% of the way from its 52-week low to its high

Price risk

1Y volatility
49.0%
Beta vs sector
1-year daily
0.90

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.38x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance9%Within range

Other income as a share of pre-tax profit (trailing twelve months): 9.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate13%Near threshold

Median quarterly effective tax rate over about 2.5 years: 13.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.38xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.38x (cash from operations ₹926 cr, net profit ₹670 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+4 daysWithin range

Debtor days are above the median of the previous three fiscal years by 4 days (30 vs 26). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress14% of fixed assetsWithin range

Capital work-in-progress is 14% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-8 days / 2 yrsWithin range

Days payable changed by -8 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, DIIs added 18.7 pts; promoters trimmed 5.1 pts; FIIs added 1.6 pts.
  • The number of shareholders rose from 17,071 to 30,518 (+79%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters66.2%61.1%-5.1 pts
FIIs5.3%6.8%+1.6 pts
DIIs0.4%19.2%+18.7 pts
Public and others28.1%12.9%-15.2 pts

Number of shareholders

30,518shareholders+79% since Dec '23
16k21k26k31k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 17,071
Mar '24: 16,314
Jun '24: 19,284
Sep '24: 21,301
Dec '24: 23,739
Mar '25: 24,549
Jun '25: 25,755
Sep '25: 26,819
Dec '25: 29,013
Mar '26: 30,110
Jun '26: 30,518
 16k21k26k31k Dec '23Dec '24Dec '25Jun '26
Dec '23: 17,071
Mar '24: 16,314
Jun '24: 19,284
Sep '24: 21,301
Dec '24: 23,739
Mar '25: 24,549
Jun '25: 25,755
Sep '25: 26,819
Dec '25: 29,013
Mar '26: 30,110
Jun '26: 30,518

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

−5.6%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like PEARL GLOBAL INDUSTRIES 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 −27% to +36% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (−2.8%, 80% range −14.2% to +5.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
WELSPUNLIV · Sep 2021: −56.6% vs market
TCPLPACK · Mar 2025: −48.7% vs market
FSL · Feb 2025: −46.7% vs market
KIRLOSBROS · May 2021: −38.8% vs market
CARYSIL · Nov 2023: −35.6% vs market
EPL · Jul 2020: −32.8% vs market
PUNJABCHEM · Oct 2025: −32.7% vs market
TIRUMALCHM · Sep 2021: −29.9% vs market
GREENLAM · Feb 2020: −29.2% vs market
NRBBEARING · Dec 2023: −29.2% vs market
AEGISLOG · Jan 2023: −28.9% vs market
KIRLOSENG · Apr 2024: −28.1% vs market
EMIL · Oct 2023: −27.8% vs market
HLEGLAS · Oct 2025: −25.7% vs market
LTFOODS · Jun 2025: −24.7% vs market
HINDWAREAP · Oct 2021: −21.6% vs market
CRAFTSMAN · May 2023: −21.0% vs market
KDDL · Oct 2023: −17.7% vs market
ARTEMISMED · Aug 2024: −17.0% vs market
ASKAUTOLTD · Jun 2025: −16.1% vs market
ASAHIINDIA · Aug 2022: −15.2% vs market
HEIDELBERG · Feb 2020: −15.0% vs market
RKFORGE · Nov 2023: −6.6% vs market
RVNL · Jun 2024: −6.5% vs market
DYCL · Oct 2024: −6.1% vs market
VRLLOG · Jun 2022: −5.1% vs market
USHAMART · Mar 2023: −0.1% vs market
PRINCEPIPE · Apr 2021: +1.6% vs market
KNRCON · Jan 2020: +2.9% vs market
PITTIENG · May 2024: +4.5% vs market
RAJRATAN · Apr 2022: +4.5% vs market
ABDL · Jul 2025: +14.2% vs market
VADILALIND · Jun 2022: +16.3% vs market
KALYANKJIL · Feb 2024: +21.4% vs market
TRIDENT · Sep 2021: +29.7% vs market
LUMAXTECH · Jun 2025: +30.1% vs market
JASH · Feb 2023: +32.3% vs market
POWERMECH · Mar 2023: +36.5% vs market
SOLARA · Jul 2020: +38.0% vs market
CEMPRO · Jun 2025: +38.7% vs market
GRAVITA · Jan 2022: +54.6% vs market
APLAPOLLO · Oct 2020: +59.4% vs market
KEI · Aug 2022: +68.0% vs market
SYRMA · Jul 2025: +71.6% vs market
ELECON · Nov 2022: +79.7% vs market
KPRMILL · Apr 2021: +84.9% vs market
JBMA · Mar 2023: +88.5% vs market
HIKAL · Sep 2020: +93.2% vs market
PGEL · Jun 2024: +107.9% vs market
SHAILY · Aug 2024: +129.5% vs market
Similar setups −5.6%All companies −2.8%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
−5.6%
All companies' median
−2.8%
Beat the market
46% vs 47%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
VRLLOG
Transportation		 Jun 2022 35x22% +122%−6% −5%
ASAHIINDIA
Consumer Durables		 Aug 2022 45x21% +79%0% −15%
CEMPRO
Industrial Services		 Jun 2025 43x28% +78%0% +39%
PITTIENG
Producer Manufacturing		 May 2024 49x18% +155%0% +5%
APLAPOLLO
Non-Energy Minerals		 Oct 2020 33x20% +116%0% +59%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
AEGISLOG
Distribution Services		 Jan 2023 38x17% +88%0% −29%
RVNL
Industrial Services		 Jun 2024 55x18% +242%0% −7%
TCPLPACK
Commercial Services		 Mar 2025 31x19% +104%−2% −49%
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: P/S, interest cover and P/E. 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.

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 PEARL GLOBAL INDUSTRIES LTD. 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.

LUMAX AUTO TECHNOLOGIESLUMAXTECH
Producer Manufacturing
72%similar
revenueROCE
CEMINDIA PROJECTSCEMPRO
Industrial Services
68%similar
P/Eoperating margin
GOODLUCK INDIAGOODLUCK
Non-Energy Minerals
67%similar
EPS growthoperating margin
JBM AUTOJBMA
Producer Manufacturing
67%similar
operating marginmarket cap
WHEELS INDIAWHEELS
Producer Manufacturing
67%similar
revenueROCE
PARAG MILK FOODSPARAGMILK
Consumer Non-Durables
52%similar
volatilityEPS growth
MRS BECTORS FOOD SPECIALITIESBECTORFOOD
Consumer Non-Durables
50%similar
P/Erevenue growth
CCL PRODUCTS INDIACCL
Consumer Non-Durables
45%similar
market caprevenue

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

What changed?

30 events since Nov '23

  1. AugValuationP/E crossed above the 90th percentile of its own history to date (40.9x).
  2. AugPeer rankMoved into the top quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
  3. AugPriceVolume reached 31.7x its 50-day median on 2026-08-07; price +10.9% that day.
  4. JunPriceRegained the 2026-02 peak, 3 months after the low.
  5. JunInstitutionsFII + DII holding rose 4.8 pts over 2 quarters to 25.3%.
  6. JunPeer rankSlipped to the 2nd quartile of Consumer Non-Durables on ROCE (from the top quartile).
  7. JunPriceVolume reached 69.8x its 50-day median on 2026-06-24; price +10.2% that day.
  8. MarPriceFell 29% from the Feb 2026 peak to the Mar 2026 low.
Show 22 earlier events
  1. FebPriceVolume reached 10.6x its 50-day median on 2026-02-03; price +10.7% that day.
  2. DecPeer rankSlipped to the 2nd quartile of Consumer Non-Durables on EPS growth (from the top quartile).
  3. NovPriceRegained the 2025-01 peak, 7 months after the low.
  4. NovPriceVolume reached 75.4x its 50-day median on 2025-11-13; price -1.2% that day.
  5. SepInstitutionsFII + DII holding rose 3.1 pts over 2 quarters to 19.6%.
  6. SepPriceVolume reached 7.0x its 50-day median on 2025-09-10; price +10.3% that day.
  7. JunPeer rankMoved into the top quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
  8. JunDividendDividend payout cut from 44% to 21% of profit.
  9. AprPriceFell 46% from the Jan 2025 peak to the Apr 2025 low.
  10. AprPriceVolume reached 7.5x its 50-day median on 2025-04-04; price -16.0% that day.
  11. MarPeer rankSlipped to the 2nd quartile of Consumer Non-Durables on ROCE (from the top quartile).
  12. FebPriceVolume reached 6.3x its 50-day median on 2025-02-12; price +11.7% that day.
  13. DecPromoterPromoter holding fell 3.3 pts to 62.9%.
  14. DecInstitutionsFII + DII holding rose 7.9 pts over 2 quarters to 13.9%.
  15. DecPeer rankMoved into the top quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  16. NovPriceVolume reached 11.4x its 50-day median on 2024-11-21; price +4.4% that day.
  17. JulPeer rankMoved into the top quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
  18. JulPriceVolume reached 103.0x its 50-day median on 2024-07-02; price -9.6% that day.
  19. JunResultsRevenue (TTM) reached a new high of ₹3,436 cr.
  20. JunPeer rankSlipped to the 2nd quartile of Consumer Non-Durables on EPS growth (from the top quartile).
  21. JunPriceVolume reached 115.4x its 50-day median on 2024-06-25; price +15.6% that day.
  22. NovPriceVolume reached 5.6x its 50-day median on 2023-11-28; price +3.1% 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
2026-1139.9x₹5325 cr21.3%20.0%0.6x
2026-1035.4x₹5325 cr20.8%20.0%0.6x
2026-0938.1x₹5325 cr20.8%20.0%0.6x
2026-0840.9x₹5025 cr18.6%20.0%0.6x
2026-0734.2x₹5025 cr18.6%20.0%0.6x
2026-0633.4x₹5025 cr18.6%20.0%0.6x
2026-0528.9x₹4940 cr22.1%22.0%0.7x
2026-0426.9x₹4940 cr22.1%22.0%0.7x
2026-0323.7x₹4940 cr22.1%22.0%0.7x
2026-0226.6x₹4793 cr21.7%22.0%0.7x
2026-0126.9x₹4793 cr21.7%22.0%0.7x
2025-1227.9x₹4793 cr21.7%22.0%0.7x
2025-1130.9x₹4682 cr20.3%22.0%0.7x
2025-1024.1x₹4682 cr20.3%22.0%0.7x
2025-0923.3x₹4682 cr20.3%22.0%0.7x
2025-0822.5x₹4507 cr20.0%22.0%0.7x
2025-0727.1x₹4507 cr20.0%22.0%0.7x
2025-0627.3x₹4507 cr20.0%22.0%0.7x
2025-0528.1x₹4155 cr26.8%21.0%0.7x
2025-0418.5x₹4155 cr26.8%21.0%0.7x
2025-0325.5x₹4155 cr26.8%21.0%0.7x
2025-0228.1x₹3836 cr25.1%21.0%0.7x
2025-0129.6x₹3836 cr25.1%21.0%0.7x
2024-1231.0x₹3836 cr25.1%21.0%0.7x
2024-1127.4x₹3595 cr22.9%21.0%0.7x
2024-1021.9x₹3595 cr22.9%21.0%0.7x
2024-0920.8x₹3595 cr22.9%21.0%0.7x
2024-0825.5x₹3436 cr21.1%21.0%0.7x
2024-0725.2x₹3436 cr21.1%21.0%0.7x
2024-0618.4x₹3436 cr21.1%21.0%0.7x
2024-0518.5x₹3158 cr21.2%19.0%0.8x
2024-0417.6x₹3158 cr21.2%19.0%0.8x
2024-0315.9x₹3158 cr21.2%19.0%0.8x
2024-0219.0x₹3158 cr21.2%19.0%0.8x
2024-0117.0x₹3158 cr21.2%19.0%0.8x
2023-1218.8x₹3158 cr21.2%19.0%0.8x
2023-1118.0x₹3158 cr21.2%19.0%0.8x
2023-1018.4x₹3158 cr21.2%19.0%0.8x
2023-0914.6x₹3158 cr21.2%19.0%0.8x
2023-0811.6x₹3158 cr21.2%19.0%0.8x
2023-078.9x₹3158 cr21.2%19.0%0.8x
2023-069.3x₹3158 cr21.2%19.0%0.8x
2023-0515.9x₹2714 cr11.7%12.0%1.1x
2023-0413.9x₹2714 cr11.7%12.0%1.1x
2023-0313.0x₹2714 cr11.7%12.0%1.1x
2023-0212.5x₹2714 cr11.7%12.0%1.1x
2023-0112.0x₹2714 cr11.7%12.0%1.1x
2022-1213.0x₹2714 cr11.7%12.0%1.1x
2022-1114.1x₹2714 cr11.7%12.0%1.1x
2022-1013.1x₹2714 cr11.7%12.0%1.1x
2022-0914.4x₹2714 cr11.7%12.0%1.1x
2022-0818.6x₹2714 cr11.7%12.0%1.1x
2022-0712.5x₹2714 cr11.7%12.0%1.1x
2022-0612.8x₹2714 cr11.7%12.0%1.1x
2022-0552.0x₹1491 cr3.3%5.0%0.8x
2022-0456.8x₹1491 cr3.3%5.0%0.8x
2022-0353.4x₹1491 cr3.3%5.0%0.8x
2022-0249.5x₹1491 cr3.3%5.0%0.8x
2022-0165.8x₹1491 cr3.3%5.0%0.8x
2021-1243.9x₹1491 cr3.3%5.0%0.8x

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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