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POKARNA LTD (POKARNA)

Producer Manufacturing · Building Products · 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.44 / 100
Profitability 65Growth 29Balance sheet 37
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.42 / 100
Price 11Earnings 31FII/DII 85
Compare withKAJARIA CERAMICSCENTURY PLYBOARDS (INDIA)GREENPLY INDUSTRIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹751.6 latest close · −26.6% over the last 90 sessions

₹800₹1,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹800₹1,000Jul 3Sep 4Nov 9

₹751.6 month-end · −20.0% over 12 months

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

₹751.6 month-end · +42.2% over 3 years

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

₹751.6 month-end · +321.8% since Jan '19

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

52-week range ₹636.00 to ₹1146.20 · 1-year volatility 52.8%

Was the rally earned?

-20%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 59 points, while the multiple moved less (P/E 15.9x to 24.6x).
  • The share count barely moved.
Net profit growth: −59 pts. Points of the price return explained by net profit growing (or shrinking).−59 ptsNet profit growthP/E change: +39 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+39 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −20%−20%Share priceNet profit growth: −59 pts. Points of the price return explained by net profit growing (or shrinking).−59ProfitP/E change: +39 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+39P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −20%−20%Share price
Net profit growth-59 ptsNet profit fell about 48%, which lowers the price.
P/E change+39 ptsThe P/E rose from 15.9x to 24.6x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+42%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 44 points, but investors now pay less per rupee of profit (P/E 24.9x to 24.6x), which took 2 points back.
  • The share count barely moved.
Net profit growth: +44 pts. Points of the price return explained by net profit growing (or shrinking).+44 ptsNet profit growthP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +42%+42%Share priceNet profit growth: +44 pts. Points of the price return explained by net profit growing (or shrinking).+44ProfitP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +42%+42%Share price
Net profit growth+44 ptsNet profit rose about 44%, which lifts the price.
P/E change-2 ptsThe P/E fell from 24.9x to 24.6x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+38%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 143 points, but investors now pay less per rupee of profit (P/E 59.9x to 24.6x), which took 105 points back.
  • The share count barely moved.
Net profit growth: +144 pts. Points of the price return explained by net profit growing (or shrinking).+144 ptsNet profit growthP/E change: −105 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−105 ptsP/E changeShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1 ptsShare count changeShare price: +38%+38%Share priceNet profit growth: +144 pts. Points of the price return explained by net profit growing (or shrinking).+144ProfitP/E change: −105 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−105P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +38%+38%Share price
Net profit growth+144 ptsNet profit rose about 239%, which lifts the price.
P/E change-105 ptsThe P/E fell from 59.9x to 24.6x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against 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 KAJARIA CERAMICS

How rough has the ride been?

Maximum drawdown-74.6%recovered 2021-01
1-year volatility52.8%annualised
Beta vs sector index1.093-year daily, correlation 0.40
Volume spikes7last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−74.2% 0%−25%−50%−75%2020202220242026−74.2%
Largest drawdowns

-74.6% (2019-01 peak to 2020-03 low, recovered 2021-01)

-70.3% (2022-01 peak to 2023-03 low, recovered 2024-08)

-55.2% (2025-02 peak to 2026-10 low, not yet recovered)

Most recent volume spikes

2026-11-06: 15.2x the 50-day median, price -8.5% that day

2026-11-05: 33.5x the 50-day median, price +20.0% that day

2026-11-04: 5.2x the 50-day median, price +0.8% 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?

24.6xP/E todayWithin its usual range
Against its own history72nd percentile
CheapestMedian 18.7xDearest

Usual range 5.1x to 49.8x since 2019-01.

Against Producer Manufacturing24.6x vs 29.6x
This company
24.6x
Sector median
29.6x

17% below the Producer Manufacturing median.

1.9x30.3x58.8x87.2xJan '19Aug '20Mar '22Oct '23May '25Nov '261.9x30.3x58.8x87.2xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/B (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing 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 Producer Manufacturing is valued

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

  • ROCE32nd▼ 53 pts vs a year ago
  • Op. margin99thflat vs a year ago
  • Revenue growth3rd▼ 78 pts vs a year ago
  • EPS growth12th▼ 79 pts vs a year ago
  • Debt/equity ↓28th▼ 5 pts vs a year ago
  • Cash cycle ↓14th▼ 21 pts vs a year ago
  • P/E ↓60th▼ 27 pts vs a year ago
  • 12M momentum29th▼ 27 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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~17%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 23.3x, a holder earning 12%/yr needs earnings to grow about 16.9%/yr for 10 years, then trade at 15x.

Delivered9.1%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+7.8 ptsimplied minus delivered
Rank375thmost demanding of 856

Over time

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

-6%12%29% Jan 2019Nov 2026 -6%12%29% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x18.5%19.5%20.6%
15x15.9%16.9%18.0%
20x12.6%13.6%14.6%

Drag a slider to test other assumptions

Implied: 16.9%/yr

Looking back

  • Jan 2020Price implied 1%/yr; EPS has since grown 0%/yr (7.0 yrs)
  • Jan 2021Price implied 7%/yr; EPS has since grown 2%/yr (6.0 yrs)
  • Jan 2022Price implied 24%/yr; EPS has since grown 24%/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
₹751.60
P/E
24.6x
ROCE
11.0%
Market Cap
₹2330 cr
Revenue (TTM)
₹589 cr
P/S
4.0x
P/B
2.7x
ROE
11.1%
Operating Margin
36.0%
Debt / Equity
0.5x
Promoter Holding
56.7%
12M Momentum
-20.0%

52-week range

₹636.00₹1146.20
23% of the way from its 52-week low to its high

Price risk

1Y volatility
52.8%
Beta vs sector
1-year daily
1.20

Balance sheet & cash

Interest cover
operating profit ÷ interest
5.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.58x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range3 near a threshold
Other income reliance22%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 21.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate28%Within range

Median quarterly effective tax rate over about 2.5 years: 28.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.58xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.58x (cash from operations ₹562 cr, net profit ₹356 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+28 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 28 days (92 vs 64). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress49% of fixed assetsWithin range

Capital work-in-progress is 49% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+2 days / 2 yrsWithin range

Days payable changed by +2 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, DIIs added 5.3 pts; FIIs added 3.0 pts.
  • The number of shareholders rose from 18,344 to 23,588 (+29%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters56.7%56.7%0.0 pts
FIIs4.0%6.9%+3.0 pts
DIIs10.4%15.6%+5.3 pts
Public and others29.0%20.8%-8.2 pts

Number of shareholders

23,588shareholders+29% since Sep '23
18k21k24k26k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 18,344
Dec '23: 19,709
Mar '24: 20,682
Jun '24: 19,274
Sep '24: 19,989
Dec '24: 21,186
Mar '25: 22,737
Jun '25: 23,901
Sep '25: 26,069
Dec '25: 26,310
Mar '26: 24,986
Jun '26: 23,588
 18k21k24k26k Sep '23Sep '24Sep '25Jun '26
Sep '23: 18,344
Dec '23: 19,709
Mar '24: 20,682
Jun '24: 19,274
Sep '24: 19,989
Dec '24: 21,186
Mar '25: 22,737
Jun '25: 23,901
Sep '25: 26,069
Dec '25: 26,310
Mar '26: 24,986
Jun '26: 23,588

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

−7.3%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 POKARNA 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 +21% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (−6.3%, 80% range −20.6% to +5.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
JUBLPHARMA · Feb 2021: −57.0% vs market
GSLSU · Mar 2024: −54.9% vs market
VALIANTORG · Jun 2023: −50.8% vs market
SUMIT · Aug 2025: −49.5% vs market
THEMISMED · Apr 2024: −42.4% vs market
HSCL · Sep 2020: −41.5% vs market
SHRADHA · Oct 2025: −41.3% vs market
XCHANGING · Jan 2025: −39.5% vs market
BAJAJHCARE · Oct 2023: −37.5% vs market
TRIDENT · Mar 2024: −35.9% vs market
JINDWORLD · Oct 2023: −35.8% vs market
HIKAL · May 2023: −35.0% vs market
KABRAEXTRU · Feb 2025: −34.7% vs market
NAVKARCORP · Oct 2025: −33.3% vs market
GREENPOWER · Jul 2025: −32.7% vs market
STERTOOLS · Nov 2020: −31.6% vs market
NGLFINE · Nov 2023: −28.7% vs market
JPPOWER · Oct 2025: −25.4% vs market
KOPRAN · Jun 2022: −22.9% vs market
ELDEHSG · Jun 2024: −22.2% vs market
GOCLCORP · Aug 2024: −20.3% vs market
NELCAST · Apr 2021: −18.1% vs market
5PAISA · Jul 2025: −14.1% vs market
PRIVISCL · May 2022: −12.4% vs market
OMINFRAL · Feb 2020: −9.1% vs market
PURVA · Aug 2022: −5.5% vs market
PRESTIGE · May 2020: +0.3% vs market
CONFIPET · Mar 2022: +2.7% vs market
KOLTEPATIL · Mar 2020: +4.7% vs market
JAICORPLTD · Jan 2022: +4.7% vs market
BOROLTD · May 2024: +11.5% vs market
BPL · Mar 2023: +11.8% vs market
NRBBEARING · Jul 2020: +14.9% vs market
ARIHANTCAP · Nov 2023: +15.0% vs market
GENUSPOWER · Dec 2021: +17.9% vs market
SANGHIIND · Nov 2020: +17.9% vs market
BANARISUG · May 2020: +19.5% vs market
AJMERA · May 2024: +21.3% vs market
HINDCOPPER · Sep 2022: +30.9% vs market
SHILPAMED · Jan 2020: +33.3% vs market
MANINFRA · Mar 2020: +39.9% vs market
EMBDL · Dec 2020: +42.1% vs market
MMFL · Nov 2020: +46.3% vs market
ARVSMART · Jun 2021: +50.4% vs market
SEAMECLTD · Aug 2025: +57.4% vs market
RUPA · Jun 2020: +75.2% vs market
FOCE · Dec 2023: +82.1% vs market
JAMNAAUTO · Jul 2020: +101.2% vs market
ANANTRAJ · Aug 2020: +127.1% vs market
NEULANDLAB · Sep 2022: +133.1% vs market
Similar setups −7.3%All companies −1.0%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
−7.3%
All companies' median
−1.0%
Beat the market
48% vs 49%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MANINFRA
Finance		 Mar 2020 10x12% −59%−59% +40%
KOLTEPATIL
Finance		 Mar 2020 12x14% −52%−56% +5%
GSLSU
Non-Energy Minerals		 Mar 2024 40x9% +39%−27% −55%
NRBBEARING
Producer Manufacturing		 Jul 2020 24x9% −24%−38% +15%
STERTOOLS
Producer Manufacturing		 Nov 2020 22x11% +6%−23% −32%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SUMIT
Finance		 Aug 2025 35x11% −31%−41% −50%
GENUSPOWER
Electronic Technology		 Dec 2021 26x11% +75%−24% +18%
ARIHANTCAP
Finance		 Nov 2023 26x16% +6%−11% +15%
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/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 POKARNA 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.

PRECOTPRECOT
Process Industries
59%similar
ROCErevenue growth
FIVE PAISA CAPITAL5PAISA
Finance
57%similar
debt/equityROCE
KNOWLEDGE MARINE AND ENG WORKSKMEW
Industrial Services
56%similar
operating marginmarket cap
RAVINDRA ENERGYRELTD
Utilities
55%similar
revenuepromoter holding
ADVENT HOTELS INTERNATIONAL LIADVENTHTL
Consumer Services
52%similar
operating marginvolatility
BIRLA CABLEBIRLACABLE
Producer Manufacturing
61%similar
EPS growthdebt/equity
MMFORGINGSMMFL
Producer Manufacturing
57%similar
promoter holdingEPS growth
RACL GEARTECHRACLGEAR
Producer Manufacturing
54%similar
revenuevolatility

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

What changed?

30 events since Jun '23

  1. NovPriceVolume reached 33.5x its 50-day median on 2026-11-05; price +20.0% that day.
  2. OctPriceFell 55% from the Feb 2025 peak to the Oct 2026 low.
  3. SepPriceVolume reached 28.7x its 50-day median on 2026-09-10; price +0.1% that day.
  4. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the top quartile).
  5. JunPriceVolume reached 12.3x its 50-day median on 2026-06-23; price +7.0% that day.
  6. MarResultsYear-on-year EPS growth turned negative.
  7. MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the top quartile).
  8. FebPriceVolume reached 87.7x its 50-day median on 2026-02-05; price +15.9% that day.
Show 22 earlier events
  1. OctPriceVolume reached 41.5x its 50-day median on 2025-10-24; price +3.8% that day.
  2. SepPriceVolume reached 15.3x its 50-day median on 2025-09-10; price +7.5% that day.
  3. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  4. JunDividendDividend payout cut from 2% to 1% of profit.
  5. AprPriceVolume reached 21.9x its 50-day median on 2025-04-04; price -12.3% that day.
  6. FebPriceRegained the 2025-01 peak, 1 month after the low.
  7. JanPriceFell 26% from the Jan 2025 peak to the Jan 2025 low.
  8. JanPriceVolume reached 15.8x its 50-day median on 2025-01-08; price +7.1% that day.
  9. DecResultsRevenue (TTM) reached a new high of ₹771 cr.
  10. DecPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  11. DecPriceVolume reached 9.2x its 50-day median on 2024-12-18; price +3.8% that day.
  12. SepInstitutionsFII + DII holding rose 4.2 pts over 2 quarters to 18.5%.
  13. AugPriceRegained the 2022-01 peak, 17 months after the low.
  14. AugPriceVolume reached 35.9x its 50-day median on 2024-08-14; price +19.8% that day.
  15. JunResultsYear-on-year EPS growth turned positive.
  16. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  17. MayPriceVolume reached 17.5x its 50-day median on 2024-05-21; price +13.1% that day.
  18. FebPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  19. FebPriceVolume reached 9.5x its 50-day median on 2024-02-06; price +3.7% that day.
  20. NovPriceVolume reached 7.9x its 50-day median on 2023-11-09; price +1.2% that day.
  21. SepPriceVolume reached 21.4x its 50-day median on 2023-09-01; price +16.5% that day.
  22. JunResultsYear-on-year EPS growth turned negative.

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
2026-1124.6x₹589 cr11.1%11.0%0.5x
2026-1020.9x₹589 cr11.1%11.0%0.5x
2026-0923.1x₹589 cr11.1%11.0%0.5x
2026-0832.9x₹571 cr9.3%11.0%0.5x
2026-0736.1x₹571 cr9.3%11.0%0.5x
2026-0639.9x₹571 cr9.3%11.0%0.5x
2026-0521.8x₹687 cr14.5%28.0%0.5x
2026-0423.7x₹687 cr14.5%28.0%0.5x
2026-0322.6x₹687 cr14.5%28.0%0.5x
2026-0219.5x₹776 cr18.5%28.0%0.5x
2026-0115.8x₹776 cr18.5%28.0%0.5x
2025-1217.9x₹776 cr18.5%28.0%0.5x
2025-1115.9x₹909 cr23.5%28.0%0.5x
2025-1015.4x₹909 cr23.5%28.0%0.5x
2025-0913.1x₹909 cr23.5%28.0%0.5x
2025-0814.6x₹931 cr24.2%28.0%0.5x
2025-0715.4x₹931 cr24.2%28.0%0.5x
2025-0616.7x₹931 cr24.2%28.0%0.5x
2025-0523.3x₹830 cr24.5%18.0%0.7x
2025-0419.4x₹830 cr24.5%18.0%0.7x
2025-0327.5x₹830 cr24.5%18.0%0.7x
2025-0229.8x₹771 cr19.4%18.0%0.7x
2025-0135.2x₹771 cr19.4%18.0%0.7x
2024-1231.4x₹771 cr19.4%18.0%0.7x
2024-1132.3x₹720 cr17.4%18.0%0.7x
2024-1032.7x₹720 cr17.4%18.0%0.7x
2024-0931.2x₹720 cr17.4%18.0%0.7x
2024-0833.1x₹689 cr14.9%18.0%0.7x
2024-0725.8x₹689 cr14.9%18.0%0.7x
2024-0625.0x₹689 cr14.9%18.0%0.7x
2024-0525.3x₹725 cr13.0%15.0%0.9x
2024-0422.1x₹725 cr13.0%15.0%0.9x
2024-0320.1x₹725 cr13.0%15.0%0.9x
2024-0223.4x₹725 cr13.0%15.0%0.9x
2024-0122.2x₹725 cr13.0%15.0%0.9x
2023-1222.6x₹725 cr13.0%15.0%0.9x
2023-1124.9x₹725 cr13.0%15.0%0.9x
2023-1024.0x₹725 cr13.0%15.0%0.9x
2023-0922.2x₹725 cr13.0%15.0%0.9x
2023-0823.4x₹725 cr13.0%15.0%0.9x
2023-0718.7x₹725 cr13.0%15.0%0.9x
2023-0617.4x₹725 cr13.0%15.0%0.9x
2023-0514.6x₹650 cr17.6%18.0%1.2x
2023-0413.9x₹650 cr17.6%18.0%1.2x
2023-039.7x₹650 cr17.6%18.0%1.2x
2023-0211.4x₹650 cr17.6%18.0%1.2x
2023-0114.8x₹650 cr17.6%18.0%1.2x
2022-1215.2x₹650 cr17.6%18.0%1.2x
2022-1117.7x₹650 cr17.6%18.0%1.2x
2022-1017.8x₹650 cr17.6%18.0%1.2x
2022-0918.7x₹650 cr17.6%18.0%1.2x
2022-0821.9x₹650 cr17.6%18.0%1.2x
2022-0721.4x₹650 cr17.6%18.0%1.2x
2022-0616.4x₹650 cr17.6%18.0%1.2x
2022-0556.6x₹295 cr7.7%10.0%0.9x
2022-0473.1x₹295 cr7.7%10.0%0.9x
2022-0381.8x₹295 cr7.7%10.0%0.9x
2022-0269.1x₹295 cr7.7%10.0%0.9x
2022-0187.2x₹295 cr7.7%10.0%0.9x
2021-1277.6x₹295 cr7.7%10.0%0.9x

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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