Newly listed or thinly covered: fundamentals appear here once there is enough reported history. Prices and market cap are up to date.
Share price
₹470.3 latest close · −17.1% over the last 90 sessions
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-29.4% (2026-06 peak to 2026-10 low, not yet recovered)
-23.3% (2026-05 peak to 2026-06 low, recovered 2026-06)
Most recent volume spikes
2026-09-29: 5.5x the 50-day median, price +6.5% that day
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
- ROCE54th
- Op. margin65th
- Debt/equity ↓47th
- Cash cycle ↓85th
- P/E ↓73rd
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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory
What is the price implying?
At normalised P/E (five-year average earnings) of 35.8x, a holder earning 12%/yr needs earnings to grow about 22.2%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 23.8% | 24.9% | 26.0% |
| 15x | 21.1% | 22.2% | 23.3% |
| 20x | 17.6% | 18.7% | 19.8% |
Drag a slider to test other assumptions
Implied: 22.2%/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 Producer Manufacturing The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹470.30
- P/E
- 19.2x
- ROCE
- 16.0%
- Market Cap
- ₹5954 cr
- Revenue (TTM)
- ₹3176 cr
- P/S
- 1.9x
- P/B
- 3.0x
- ROE
- 15.6%
- Operating Margin
- 14.0%
- Debt / Equity
- 0.3x
- Promoter Holding
- 77.2%
Balance sheet & cash
Are profits backed by cash?
Other income reliance16%Near threshold
Other income as a share of pre-tax profit (trailing twelve months): 15.9%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate5%Near threshold
Median quarterly effective tax rate over about 2.5 years: 5.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion1.50xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 1.50x (cash from operations ₹985 cr, net profit ₹656 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—Not enough data
Not enough reported data to compute this.
Capital work in progress15% of fixed assetsWithin range
Capital work-in-progress is 15% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
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.
What changed?
4 events since Jun '26
- OctPriceFell 29% from the Jun 2026 peak to the Oct 2026 low.
- SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
- SepPriceVolume reached 5.5x its 50-day median on 2026-09-29; price +6.5% that day.
- JunDividendStarted paying a dividend (payout 13% of profit).
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 history8 months · 2026-04 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 19.2x | ₹3176 cr | 15.6% | 16.0% | 0.3x |
| 2026-10 | 19.1x | ₹3176 cr | 15.6% | 16.0% | 0.3x |
| 2026-09 | 24.5x | ₹3176 cr | 15.6% | 16.0% | 0.3x |
| 2026-08 | 21.6x | ₹3012 cr | 14.9% | 16.0% | 0.3x |
| 2026-07 | 22.1x | ₹3012 cr | 14.9% | 16.0% | 0.3x |
| 2026-06 | 25.7x | ₹3012 cr | 14.9% | 16.0% | 0.3x |
| 2026-05 | 23.0x | ₹2933 cr | 26.5% | 22.0% | 0.3x |
| 2026-04 | 20.4x | ₹2933 cr | 26.5% | 22.0% | 0.3x |