अApnaFunda

PURV FLEXIPACK LTD (PURVFLEXI)

Distribution Services · Wholesale Distributors · 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.29 / 100
Profitability 47Balance sheet 10

Share price

Closing priceAdjusted for splits and bonus issues.

₹46.4 latest close · −26.1% over the last 90 sessions

₹40₹50₹60May 15Jun 18Jul 29Aug 28Sep 29Nov 9 ₹40₹50₹60May 15Aug 12Nov 9

₹46.4 month-end · −49.1% over 12 months

₹40₹60₹80Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹40₹60₹80Nov '25May '26Nov '26

₹46.4 month-end · −77.9% since Mar '24

₹100₹200Mar '24Sep '24Apr '25Oct '25May '26Nov '26 ₹100₹200Mar '24Jul '25Nov '26

52-week range ₹36.80 to ₹124.95 · 1-year volatility 63.3%

Was the rally earned?

-49%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 81 points, while the multiple moved less (P/E 18.4x to 28.5x).
  • The share count rose 42%.
Net profit growth: −55 pts. Points of the price return explained by net profit growing (or shrinking).−55 ptsNet profit growthP/E change: +32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+32 ptsP/E changeShare count change: −25 pts. Points of the price return explained by the share count changing. More shares count against the price.−25 ptsShare count changeShare price: −49%−49%Share priceNet profit growth: −55 pts. Points of the price return explained by net profit growing (or shrinking).−55ProfitP/E change: +32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+32P/EShare count change: −25 pts. Points of the price return explained by the share count changing. More shares count against the price.−25SharesShare price: −49%−49%Share price
Net profit growth-55 ptsNet profit fell about 53%, which lowers the price.
P/E change+32 ptsThe P/E rose from 18.4x to 28.5x, which lifts the price.
Share count change-25 ptsShare count rose 42%, 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 3 years and 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 ADANI ENTERPRISES

How rough has the ride been?

Maximum drawdown-85.0%not yet recovered
1-year volatility63.3%annualised

Drawdown from peak

0%−25%−50%−75%20252026−85.0% 0%−25%−50%−75%20252026−85.0%
Largest drawdowns

-85.0% (2024-03 peak to 2026-11 low, not yet recovered)

Is it expensive against its own past and its peers?

28.5xP/E todayWithin its usual range
Against its own history48th percentile
CheapestMedian 28.7xDearest

Usual range 13.0x to 59.5x since 2024-03.

Against Distribution Services28.5x vs 16.7x
This company
28.5x
Sector median
16.7x

70% above the Distribution Services median.

7.7x31.5x55.2x79.0xMar '24Oct '24May '25Dec '25Jul '26Nov '267.7x31.5x55.2x79.0xMar '24Feb '25Jan '26Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianDistribution Services median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianDistribution Services 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 Distribution Services is valued

Where does it rank among Distribution Services peers?

Each cell is the company's percentile rank among its Distribution Services 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

  • ROCE47th▼ 7 pts vs a year ago
  • Revenue growth96th▲ 4 pts vs a year ago
  • EPS growth15th▼ 67 pts vs a year ago
  • Debt/equity ↓9th▼ 4 pts vs a year ago
  • Cash cycle ↓61st▲ 26 pts vs a year ago
  • P/E ↓33rd▼ 29 pts vs a year ago
  • 12M momentum16th▲ 7 pts vs a year ago

Rank history

ROCE
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 Distribution Services sector page Watch it move against Distribution Services in the Observatory

What is the price implying?

~16%annual earnings growth implied by the price

At a P/E of 21.2x, the price would imply about 15.9%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Distribution Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹46.40
P/E
28.5x
ROCE
9.0%
Market Cap
₹97 cr
Revenue (TTM)
₹660 cr
P/S
0.1x
P/B
0.7x
ROE
2.5%
Debt / Equity
1.5x
Promoter Holding
67.7%
12M Momentum
-49.1%

52-week range

₹36.80₹124.95
11% of the way from its 52-week low to its high

Price risk

1Y volatility
63.3%
Beta vs sector
1-year daily
0.39

Balance sheet & cash

Interest cover
operating profit ÷ interest
1.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.93x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 6checks within range2 beyond a threshold
Other income reliance300%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 300.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion0.93xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.93x (cash from operations ₹27 cr, net profit ₹29 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow0 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 0. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-55 daysWithin range

Debtor days are below the median of the previous three fiscal years by 55 days (64 vs 119). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress19% of fixed assetsWithin range

Capital work-in-progress is 19% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-20 days / 2 yrsWithin range

Days payable changed by -20 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, FIIs trimmed 6.5 pts.
  • The number of shareholders rose from 782 to 1,041 (+33%) between Mar 2024 and Mar 2026.

Holdings, Mar '26

How each group changed

GroupMar '24Mar '26Change
Promoters67.3%67.7%+0.4 pts
FIIs6.6%0.1%-6.5 pts
DIIs1.4%1.5%+0.1 pts
Public and others24.7%30.8%+6.0 pts

Number of shareholders

1,041shareholders+33% since Mar '24
7828911k1k Mar '24Sep '24Mar '25Sep '25Mar '26
Mar '24: 782
Sep '24: 857
Mar '25: 1,079
Sep '25: 1,110
Mar '26: 1,041
7828911k1k Mar '24Mar '25Mar '26
Mar '24: 782
Sep '24: 857
Mar '25: 1,079
Sep '25: 1,110
Mar '26: 1,041

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

−4.5%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 PURV FLEXIPACK LTD today on valuation, return on capital, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −26% to +45% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (−0.5%, 80% range −9.9% to +16.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SADHNANIQ · Feb 2025: −75.5% vs market
UMAEXPORTS · Jul 2025: −60.2% vs market
SWASTIK · Dec 2023: −51.5% vs market
RAJMET · Sep 2024: −50.8% vs market
ACCURACY · Mar 2023: −49.7% vs market
KSHITIJPOL · Nov 2024: −49.6% vs market
KRITIKA · Sep 2025: −42.3% vs market
YCCL · Oct 2024: −41.4% vs market
SPECTSTM · Oct 2025: −34.5% vs market
INDTERRAIN · Oct 2023: −30.5% vs market
VINEETLAB · Feb 2024: −29.2% vs market
VISHWARAJ · Feb 2022: −26.3% vs market
SHEMAROO · May 2024: −26.3% vs market
JETFREIGHT · Feb 2023: −24.3% vs market
MAHESHWARI · Jul 2022: −23.1% vs market
GLOBE · Oct 2025: −20.9% vs market
MGEL · Feb 2023: −20.1% vs market
LAGNAM · Jul 2025: −15.7% vs market
INCREDIBLE · Mar 2020: −13.9% vs market
BSL · May 2025: −13.4% vs market
SHREERAMA · May 2022: −11.0% vs market
MANAKALUCO · Dec 2022: −11.0% vs market
SHIGAN · Sep 2025: −9.7% vs market
APOLSINHOT · Aug 2024: −6.8% vs market
GLOBALVECT · Mar 2021: −5.6% vs market
WEWIN · Mar 2025: −3.3% vs market
RPPL · Aug 2025: −2.3% vs market
USASEEDS · Aug 2024: +2.3% vs market
LANCORHOL · Jun 2025: +9.9% vs market
RAMASTEEL · Jan 2020: +14.0% vs market
MALUPAPER · Jun 2024: +16.6% vs market
AUTOIND · May 2023: +25.7% vs market
MANAKCOAT · Jan 2023: +26.2% vs market
COASTCORP · Jul 2025: +31.2% vs market
RPPINFRA · Jun 2022: +32.1% vs market
TOTAL · May 2021: +35.3% vs market
SALONA · Apr 2020: +44.8% vs market
DCI · Jul 2025: +45.3% vs market
XPROINDIA · Jan 2020: +54.5% vs market
MARALOVER · Jan 2020: +55.2% vs market
TEMBO · Dec 2022: +64.1% vs market
AKG · Mar 2022: +65.2% vs market
V2RETAIL · Jul 2020: +72.1% vs market
SALSTEEL · Jul 2022: +89.3% vs market
MSPL · Dec 2022: +95.6% vs market
IVP · Apr 2020: +107.3% vs market
GOKEX · Aug 2020: +122.6% vs market
BEDMUTHA · Apr 2023: +142.6% vs market
HITECH · May 2020: +185.4% vs market
VIKASECO · Apr 2021: +251.5% vs market
Similar setups −4.5%All companies −4.0%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
−4.5%
All companies' median
−4.0%
Beat the market
46% vs 46%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
IVP
Process Industries
Apr 2020 11x5% −69%−71% +107%
BEDMUTHA
Non-Energy Minerals
Apr 2023 19x11% −36%−39% +143%
UMAEXPORTS
Distribution Services
Jul 2025 46x4% −49%−66% −60%
MGEL
Process Industries
Feb 2023 66x7% −45%−62% −20%
LANCORHOL
Finance
Jun 2025 35x10% −48%−53% +10%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MANAKCOAT
Non-Energy Minerals
Jan 2023 15x13% −42%−48% +26%
MSPL
Non-Energy Minerals
Dec 2022 15x7% −39%−45% +96%
JETFREIGHT
Transportation
Feb 2023 20x14% −49%−59% −24%
How reliable is this?

Matched on P/E, P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: ROCE, 12-month momentum and size. Not used (unavailable for this company): operating margin. 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 PURV FLEXIPACK 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 changed?

10 events since Jun '24

  1. NovPriceFell 85% from the Mar 2024 peak to the Nov 2026 low.
  2. JunResultsYear-on-year EPS growth turned negative.
  3. JunPeer rankSlipped to the 3rd quartile of Distribution Services on ROCE (from the 2nd quartile).
  4. MarValuationP/E fell below the 10th percentile of its own history to date (7.7x).
  5. MarPeer rankSlipped to the 2nd quartile of Distribution Services on EPS growth (from the top quartile).
  6. JunResultsYear-on-year EPS growth turned positive.
  7. JunPeer rankMoved into the 2nd quartile of Distribution Services on ROCE (from the 3rd quartile).
  8. MarSharesShare count is up 50.0% over 12 months.
Show 2 earlier events
  1. DecInstitutionsFII + DII holding fell 6.1 pts over 1 quarter to 1.8%.
  2. JunPeer rankSlipped to the 3rd quartile of Distribution Services on ROCE (from the 2nd quartile).

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 history33 months · 2024-03 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1128.5x₹660 cr2.5%9.0%1.5x
2026-1022.7x₹660 cr2.5%9.0%1.5x
2026-0924.5x₹660 cr2.5%9.0%1.5x
2026-0831.6x₹660 cr2.5%9.0%1.5x
2026-0728.4x₹660 cr2.5%9.0%1.5x
2026-0630.7x₹660 cr2.5%9.0%1.5x
2026-0510.9x₹396 cr5.4%11.0%1.4x
2026-0412.8x₹396 cr5.4%11.0%1.4x
2026-037.7x₹396 cr5.4%11.0%1.4x
2026-0211.2x₹396 cr5.4%11.0%1.4x
2026-0113.5x₹396 cr5.4%11.0%1.4x
2025-1216.3x₹396 cr5.4%11.0%1.4x
2025-1118.4x₹396 cr5.4%11.0%1.4x
2025-1018.4x₹396 cr5.4%11.0%1.4x
2025-0920.9x₹396 cr5.4%11.0%1.4x
2025-0815.2x₹396 cr5.4%11.0%1.4x
2025-0715.5x₹396 cr5.4%11.0%1.4x
2025-0615.3x₹396 cr5.4%11.0%1.4x
2025-0530.5x₹254 cr2.7%7.0%1.1x
2025-0433.3x₹254 cr2.7%7.0%1.1x
2025-0331.8x₹254 cr2.7%7.0%1.1x
2025-0241.8x₹254 cr2.7%7.0%1.1x
2025-0156.8x₹254 cr2.7%7.0%1.1x
2024-1259.8x₹254 cr2.7%7.0%1.1x
2024-1169.8x₹254 cr2.7%7.0%1.1x
2024-1075.1x₹254 cr2.7%7.0%1.1x
2024-0979.0x₹254 cr2.7%7.0%1.1x
2024-0857.8x₹254 cr2.7%7.0%1.1x
2024-0758.4x₹254 cr2.7%7.0%1.1x
2024-0658.2x₹254 cr2.7%7.0%1.1x
2024-0528.7x₹333 cr7.7%11.0%1.6x
2024-0433.0x₹333 cr7.7%11.0%1.6x
2024-0331.8x₹333 cr7.7%11.0%1.6x

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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