PONDY OXIDES N CHEMICALS LIMIT (POCL): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹396.7 latest close · −30.2% over the last 90 sessions

₹396.7 month-end · −22.9% over 12 months

₹396.7 month-end · +354.9% over 3 years

₹396.7 month-end · +32958.3% since Mar '19

52-week range ₹372.80 to ₹647.60 · 1-year volatility 43.7%

Was the rally earned?

1 year3 years

-23%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 56 points, but investors now pay less per rupee of profit (P/E 51.8x to 21.2x), which took 79 points back.
The share count rose 8%.

Net profit growth+63 ptsNet profit rose about 103%, which lifts the price.

P/E change-79 ptsThe P/E fell from 51.8x to 21.2x, which lowers the price.

Share count change-7 ptsShare count rose 8%, which lowers the price.

+355%share price, 3 yearsMultiple-driven

Partly.

Most of the rise came from investors paying a higher multiple (P/E 6.8x to 21.2x); per-share earnings added 87 points.
The share count rose 31%.

Net profit growth+150 ptsNet profit rose about 90%, which lifts the price.

P/E change+268 ptsThe P/E rose from 6.8x to 21.2x, which lifts the price.

Share count change-63 ptsShare count rose 31%, 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.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with HINDUSTAN ZINC

How rough has the ride been?

Maximum drawdown-57.0%recovered 2025-07

1-year volatility43.7%annualised

Beta vs sector index1.213-year daily, correlation 0.42

Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-57.0% (2024-09 peak to 2025-03 low, recovered 2025-07)

-38.9% (2026-05 peak to 2026-10 low, not yet recovered)

-34.3% (2026-01 peak to 2026-03 low, recovered 2026-05)

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?

21.2xP/E todayWithin its usual range

Against its own history35th percentile

CheapestMedian 31.3xDearest

Usual range 6.6x to 58.4x since 2019-03.

Against Non-Energy Minerals21.2x vs 21.8x

This company

21.2x

Sector median

21.8x

Close to the Non-Energy Minerals median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals 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 Non-Energy Minerals is valued

Where does it rank among Non-Energy Minerals peers?

Each cell is the company's percentile rank among its Non-Energy Minerals 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

ROCE90th▲ 21 pts vs a year ago
Op. margin29th▲ 3 pts vs a year ago
Revenue growth90thflat vs a year ago
EPS growth85th▼ 4 pts vs a year ago
Debt/equity ↓65thflat vs a year ago
Cash cycle ↓60thflat vs a year ago
P/E ↓52nd▲ 37 pts vs a year ago
12M momentum33rd▼ 61 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 Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory

What is the price implying?

~26%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 50.6x, a holder earning 12%/yr needs earnings to grow about 25.6%/yr for 10 years, then trade at 15x.

Delivered18.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg

Gap+7.1 ptsimplied minus delivered

Rank387thmost demanding of 856

Over time

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

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	27.2%	28.3%	29.5%
15x	24.5%	25.6%	26.7%
20x	21.1%	22.2%	23.3%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 25.6%/yr

“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 Non-Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹396.70
P/E: 21.2x
ROCE: 23.0%
Market Cap: ₹3023 cr
Revenue (TTM): ₹3290 cr
P/S: 0.9x
P/B: 3.8x
ROE: 18.1%
Operating Margin: 6.0%
Debt / Equity: 0.2x
Promoter Holding: 36.4%
12M Momentum: -22.9%

52-week range

₹372.80₹647.60

9% of the way from its 52-week low to its high

Price risk

1Y volatility

43.7%

Beta vs sector

1-year daily

0.95

Balance sheet & cash

Interest cover

operating profit ÷ interest

20.3x

Cash from profit, 3Y

operating cash flow ÷ net profit

-0.27x

low

Share count, 1Y

+7.1%

Are profits backed by cash?

5 of 7checks within range1 beyond a threshold

Other income reliance2%Within range

Other income as a share of pre-tax profit (trailing twelve months): 1.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 27.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.27xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.27x (cash from operations ₹-60 cr, net profit ₹222 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+8 daysWithin range

Debtor days are above the median of the previous three fiscal years by 8 days (33 vs 25). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-1 days / 2 yrsWithin range

Days payable changed by -1 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 3 years, promoters trimmed 12.5 pts; DIIs added 7.5 pts; FIIs added 3.1 pts.
The number of shareholders rose from 22,579 to 72,759 (+222%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters48.9%36.4%-12.5 pts

FIIs0.0%3.1%+3.1 pts

DIIs0.0%7.5%+7.5 pts

Public and others51.1%53.0%+1.9 pts

Number of shareholders

72,759shareholders+222% since Sep '23

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

−7.9%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 PONDY OXIDES N CHEMICALS LIMIT 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 −32% to +29% vs the market, against −2% for all non-financial companies in the same months.
The gap against the base rate (−5.5%, 80% range −17.3% to +4.0%) 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median

−7.9%

All companies' median

−2.4%

Beat the market

44% vs 47%

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

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
KINGFA Process Industries	Feb 2024	29x	25%	+40%	−21%	+54%
GLOBUSSPR Consumer Non-Durables	Jul 2023	23x	—	−7%	−25%	−32%
JTLIND Non-Energy Minerals	Jun 2024	34x	23%	+24%	−18%	−29%
ZENSARTECH Technology Services	Mar 2020	6x	23%	−62%	−67%	+73%
ACE Producer Manufacturing	Apr 2020	10x	20%	−53%	−59%	+94%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
CONFIPET Retail Trade	Aug 2022	21x	17%	−9%	−29%	+26%
THOMASCOOK Consumer Services	Jan 2025	26x	19%	−10%	−41%	−26%
REFEX Energy Minerals	Oct 2025	31x	23%	−24%	−35%	−39%

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.

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 PONDY OXIDES N CHEMICALS LIMIT. 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

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

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.

THE ANUP ENGINEERINGANUP

Producer Manufacturing

64%similar

market capvolatility

PRICOLPRICOLLTD

Producer Manufacturing

63%similar

revenue growthROCE

ORIENT ELECTRICORIENTELEC

Consumer Durables

62%similar

EPS growthrevenue

AHLUWALIA CONTRACTS (INDIA) LTAHLUCONT

Industrial Services

60%similar

market capoperating margin

SHAKTI PUMPS (INDIA)SHAKTIPUMP

Producer Manufacturing

60%similar

P/EROCE

HI-TECH PIPESHITECH

Non-Energy Minerals

58%similar

debt/equityP/E

GRAVITA INDIAGRAVITA

Non-Energy Minerals

52%similar

operating marginrevenue

VARDHMAN SPECIAL STEELSVSSL

Non-Energy Minerals

51%similar

operating marginmarket cap

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

What changed?

30 events since Mar '24

2026
OctPriceFell 39% from the May 2026 peak to the Oct 2026 low.
SepPromoterPromoter holding fell 3.0 pts to 36.4% (largest drop since 2025-03).
JunPeer rankMoved into the top quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
MayPriceRegained the 2026-01 peak, 2 months after the low.
MaySharesShare count is up 7.7% over 12 months.
MayPriceVolume reached 9.8x its 50-day median on 2026-05-27; price -6.4% that day.
MarPriceFell 34% from the Jan 2026 peak to the Mar 2026 low.
2025
OctPriceVolume reached 14.6x its 50-day median on 2025-10-17; price +0.4% that day.

Show 22 earlier events

2025
SepPeer rankMoved into the 3rd quartile of Non-Energy Minerals on operating margin (from the bottom quartile).
JulPriceRegained the 2024-09 peak, 4 months after the low.
JulPriceVolume reached 21.8x its 50-day median on 2025-07-24; price +15.5% that day.
JunResultsYear-on-year EPS growth turned positive.
JunPeer rankMoved into the top quartile of Non-Energy Minerals on EPS growth (from the bottom quartile).
MayDebtDebt / equity halved over 12 months to 0.29x.
AprSharesShare count is up 8.3% over 12 months.
AprPriceVolume reached 8.1x its 50-day median on 2025-04-16; price +4.0% that day.
MarPromoterPromoter holding fell 3.2 pts to 40.6% (largest drop since 2024-09).
MarInstitutionsFII + DII holding rose 7.9 pts over 2 quarters to 7.9%.
MarPriceFell 57% from the Sep 2024 peak to the Mar 2025 low.
MarPriceVolume reached 5.4x its 50-day median on 2025-03-18; price +2.7% that day.
2024
OctDebtDebt / equity halved over 12 months to 0.29x.
SepPromoterPromoter holding fell 3.8 pts to 45.1%.
JulPriceVolume reached 61.5x its 50-day median on 2024-07-02; price +11.7% that day.
JunResultsYear-on-year EPS growth turned negative.
JunPriceRegained the 2024-01 peak, 3 months after the low.
JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
JunPriceVolume reached 44.6x its 50-day median on 2024-06-21; price +12.4% that day.
MarPriceFell 30% from the Jan 2024 peak to the Mar 2024 low.
MarDebtDebt / equity halved over 12 months to 0.59x.
MarSharesShare count is up 9.1% over 12 months.

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 history93 months · 2019-03 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	21.2x	₹3290 cr	18.1%	23.0%	0.2x
2026-10	21.3x	₹3290 cr	18.1%	23.0%	0.2x
2026-09	24.2x	₹3290 cr	18.1%	23.0%	0.2x
2026-08	28.6x	₹2958 cr	16.8%	23.0%	0.2x
2026-07	30.3x	₹2958 cr	16.8%	23.0%	0.2x
2026-06	31.7x	₹2958 cr	16.8%	23.0%	0.2x
2026-05	34.8x	₹2547 cr	18.7%	16.0%	0.2x
2026-04	37.3x	₹2547 cr	18.7%	16.0%	0.2x
2026-03	27.4x	₹2547 cr	18.7%	16.0%	0.2x
2026-02	38.1x	₹2276 cr	15.0%	16.0%	0.2x
2026-01	39.6x	₹2276 cr	15.0%	16.0%	0.2x
2025-12	48.3x	₹2276 cr	15.0%	16.0%	0.2x
2025-11	51.8x	₹2215 cr	11.8%	16.0%	0.2x
2025-10	55.2x	₹2215 cr	11.8%	16.0%	0.2x
2025-09	46.1x	₹2215 cr	11.8%	16.0%	0.2x
2025-08	48.6x	₹2057 cr	9.8%	16.0%	0.2x
2025-07	55.0x	₹2057 cr	9.8%	16.0%	0.2x
2025-06	40.3x	₹2057 cr	9.8%	16.0%	0.2x
2025-05	36.6x	₹1896 cr	14.8%	14.0%	0.3x
2025-04	37.3x	₹1896 cr	14.8%	14.0%	0.3x
2025-03	31.3x	₹1896 cr	14.8%	14.0%	0.3x
2025-02	28.7x	₹1844 cr	14.0%	14.0%	0.3x
2025-01	34.3x	₹1844 cr	14.0%	14.0%	0.3x
2024-12	42.1x	₹1844 cr	14.0%	14.0%	0.3x
2024-11	52.5x	₹1662 cr	11.5%	14.0%	0.3x
2024-10	58.7x	₹1662 cr	11.5%	14.0%	0.3x
2024-09	58.4x	₹1662 cr	11.5%	14.0%	0.3x
2024-08	67.6x	₹1542 cr	8.9%	14.0%	0.3x
2024-07	47.3x	₹1542 cr	8.9%	14.0%	0.3x
2024-06	30.5x	₹1542 cr	8.9%	14.0%	0.3x
2024-05	9.8x	₹1476 cr	28.3%	—	0.6x
2024-04	10.6x	₹1476 cr	28.3%	—	0.6x
2024-03	9.6x	₹1476 cr	28.3%	—	0.6x
2024-02	11.2x	₹1476 cr	28.3%	—	0.6x
2024-01	11.7x	₹1476 cr	28.3%	—	0.6x
2023-12	7.8x	₹1476 cr	28.3%	—	0.6x
2023-11	6.8x	₹1476 cr	28.3%	—	0.6x
2023-10	6.7x	₹1476 cr	28.3%	—	0.6x
2023-09	7.2x	₹1476 cr	28.3%	—	0.6x
2023-08	7.6x	₹1476 cr	28.3%	—	0.6x
2023-07	6.7x	₹1476 cr	28.3%	—	0.6x
2023-06	6.1x	₹1476 cr	28.3%	—	0.6x
2023-05	318.5x	₹457 cr	3.6%	11.0%	1.9x
2023-04	282.7x	₹457 cr	3.6%	11.0%	1.9x
2023-03	228.1x	₹457 cr	3.6%	11.0%	1.9x
2023-02	—	—	—	—	—
2023-01	—	—	—	—	—
2022-12	—	—	—	—	—
2022-11	—	—	—	—	—
2022-10	—	—	—	—	—
2022-09	—	—	—	—	—
2022-08	—	—	—	—	—
2022-07	—	—	—	—	—
2022-06	—	—	—	—	—
2022-05	—	—	—	—	—
2022-04	—	—	—	—	—
2022-03	—	—	—	—	—
2022-02	—	—	—	—	—
2022-01	—	—	—	—	—
2021-12	—	—	—	—	—
2021-11	—	—	—	—	—
2021-10	—	—	—	—	—
2021-09	—	—	—	—	—
2021-08	—	—	—	—	—
2021-07	—	—	—	—	—
2021-06	—	—	—	—	—
2021-05	—	—	—	—	—
2021-04	—	—	—	—	—
2021-03	—	—	—	—	—
2021-02	—	—	—	—	—
2021-01	—	—	—	—	—
2020-12	—	—	—	—	—
2020-11	—	—	—	—	—
2020-10	—	—	—	—	—
2020-09	—	—	—	—	—
2020-08	—	—	—	—	—
2020-07	—	—	—	—	—
2020-06	—	—	—	—	—
2020-05	—	—	—	—	—
2020-04	—	—	—	—	—
2020-03	—	—	—	—	—
2020-02	—	—	—	—	—
2020-01	—	—	—	—	—
2019-12	—	—	—	—	—
2019-11	—	—	—	—	—
2019-10	—	—	—	—	—
2019-09	—	—	—	—	—
2019-08	—	—	—	—	—
2019-07	—	—	—	—	—
2019-06	4.6x	₹457 cr	3.6%	11.0%	1.9x
2019-05	5.0x	₹457 cr	3.6%	11.0%	1.9x
2019-04	5.4x	₹457 cr	3.6%	11.0%	1.9x
2019-03	4.6x	₹457 cr	3.6%	11.0%	1.9x

Methodology and data notes