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RADICO KHAITAN LTD (RADICO)

Consumer Non-Durables · Beverages: Alcoholic · 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.84 / 100
Profitability 83Growth 91Balance sheet 77
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.82 / 100
Price 67Earnings 89FII/DII 91

Passes these screensQuality CompounderHigh MomentumDebt-light & profitableConsistent compoundersNear 52-week high

Compare withUNITED SPIRITSUNITED BREWERIESALLIED BLENDERS AND DISTIL

Share price

Closing priceAdjusted for splits and bonus issues.

₹4,560.8 latest close · +17.2% over the last 90 sessions

₹4,000₹4,500Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹4,000₹4,500Jul 3Sep 4Nov 9

₹4,560.8 month-end · +42.2% over 12 months

₹3,000₹4,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹3,000₹4,000Nov '25May '26Nov '26

₹4,560.8 month-end · +202.8% over 3 years

₹2,000₹3,000₹4,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹2,000₹3,000₹4,000Nov '23May '25Nov '26

₹4,560.8 month-end · +1013.3% since Jan '19

₹0₹2,000₹4,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹2,000₹4,000Jan '19Dec '22Nov '26

52-week range ₹2500.00 to ₹4747.00 · 1-year volatility 33.9%

Was the rally earned?

+42%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 68 points, but investors now pay less per rupee of profit (P/E 107.7x to 86.8x), which took 26 points back.
  • The share count barely moved.
Net profit growth: +68 pts. Points of the price return explained by net profit growing (or shrinking).+68 ptsNet profit growthP/E change: −26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−26 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: +68 pts. Points of the price return explained by net profit growing (or shrinking).+68ProfitP/E change: −26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−26P/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+68 ptsNet profit rose about 76%, which lifts the price.
P/E change-26 ptsThe P/E fell from 107.7x to 86.8x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+203%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 212 points, but investors now pay less per rupee of profit (P/E 91.4x to 86.8x), which took 9 points back.
  • The share count barely moved.
Net profit growth: +213 pts. Points of the price return explained by net profit growing (or shrinking).+213 ptsNet profit growthP/E change: −9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−9 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: +203%+203%Share priceNet profit growth: +213 pts. Points of the price return explained by net profit growing (or shrinking).+213ProfitP/E change: −9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−9P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +203%+203%Share price
Net profit growth+213 ptsNet profit rose about 220%, which lifts the price.
P/E change-9 ptsThe P/E fell from 91.4x to 86.8x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+306%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 203 points to the rise, while the multiple moved less (P/E 54.1x to 86.8x).
  • The share count barely moved.
Net profit growth: +204 pts. Points of the price return explained by net profit growing (or shrinking).+204 ptsNet profit growthP/E change: +103 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+103 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: +306%+306%Share priceNet profit growth: +204 pts. Points of the price return explained by net profit growing (or shrinking).+204ProfitP/E change: +103 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+103P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +306%+306%Share price
Net profit growth+204 ptsNet profit rose about 154%, which lifts the price.
P/E change+103 ptsThe P/E rose from 54.1x to 86.8x, which lifts 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 UNITED SPIRITS

How rough has the ride been?

Maximum drawdown-44.9%recovered 2020-09
1-year volatility33.9%annualised
Beta vs sector index0.843-year daily, correlation 0.34
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−40.5% 0%−20%−40%2020202220242026−40.5%
Largest drawdowns

-44.9% (2019-02 peak to 2020-03 low, recovered 2020-09)

-41.6% (2022-01 peak to 2022-05 low, recovered 2023-07)

-27.4% (2024-12 peak to 2025-02 low, recovered 2025-06)

Most recent volume spikes

2026-10-27: 5.9x the 50-day median, price +2.1% that day

2026-07-29: 5.6x the 50-day median, price +2.0% that day

2026-07-28: 6x the 50-day median, price +3.4% 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?

86.8xP/E todayWithin its usual range
Against its own history66th percentile
CheapestMedian 57.2xDearest

Usual range 21.8x to 105.8x since 2019-01.

Against Consumer Non-Durables86.8x vs 26.8x
This company
86.8x
Sector median
26.8x

224% above the Consumer Non-Durables median.

14.2x50.2x86.2x122.2xJan '19Aug '20Mar '22Oct '23May '25Nov '2614.2x50.2x86.2x122.2xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

The chart loads when you open this tab.

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

  • ROCE83rd▲ 22 pts vs a year ago
  • Op. margin82nd▲ 15 pts vs a year ago
  • Revenue growth74th▼ 4 pts vs a year ago
  • EPS growth90thflat vs a year ago
  • Debt/equity ↓64th▲ 13 pts vs a year ago
  • Cash cycle ↓36thflat vs a year ago
  • P/E ↓10thflat vs a year ago
  • 12M momentum89thflat 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?

~43%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 180.3x, a holder earning 12%/yr needs earnings to grow about 43.0%/yr for 10 years, then trade at 15x.

Delivered17.2%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+25.8 ptsimplied minus delivered
Rank81stmost demanding of 856

Over time

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

0%22%43% Jan 2019Nov 2026 0%22%43% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x44.8%46.1%47.5%
15x41.8%43.0%44.3%
20x37.8%39.1%40.3%

Drag a slider to test other assumptions

Implied: 43.0%/yr

Looking back

  • Jan 2020Price implied 26%/yr; EPS has since grown 18%/yr (7.0 yrs)
  • Jan 2021Price implied 25%/yr; EPS has since grown 18%/yr (6.0 yrs)
  • Jan 2022Price implied 32%/yr; EPS has since grown 17%/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
₹4560.80
P/E
86.8x
ROCE
24.0%
Market Cap
₹61105 cr
Revenue (TTM)
₹6230 cr
P/S
9.8x
P/B
18.4x
ROE
21.2%
Operating Margin
21.0%
Debt / Equity
0.2x
Promoter Holding
40.2%
12M Momentum
42.2%

52-week range

₹2500.00₹4747.00
92% of the way from its 52-week low to its high

Price risk

1Y volatility
33.9%
Beta vs sector
1-year daily
0.99

Balance sheet & cash

Interest cover
operating profit ÷ interest
16.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.05x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near 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 rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.05xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.05x (cash from operations ₹1,272 cr, net profit ₹1,212 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-17 daysWithin range

Debtor days are below the median of the previous three fiscal years by 17 days (72 vs 89). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress4% of fixed assetsWithin range

Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-6 days / 2 yrsWithin range

Days payable changed by -6 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 4.1 pts; FIIs trimmed 0.8 pts.
  • The number of shareholders rose from 1.1 lakh to 1.5 lakh (+30%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters40.3%40.2%-0.1 pts
FIIs19.0%18.2%-0.8 pts
DIIs24.0%28.1%+4.1 pts
Public and others16.8%13.5%-3.2 pts

Number of shareholders

1.5 lakhshareholders+30% since Dec '23
1.1L1.3L1.4L1.6L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 1.1 lakh
Mar '24: 1.1 lakh
Jun '24: 1.1 lakh
Sep '24: 1.2 lakh
Dec '24: 1.3 lakh
Mar '25: 1.3 lakh
Jun '25: 1.4 lakh
Sep '25: 1.5 lakh
Dec '25: 1.6 lakh
Mar '26: 1.5 lakh
Jun '26: 1.5 lakh
 1.1L1.3L1.4L1.6L Dec '23Dec '24Dec '25Jun '26
Dec '23: 1.1 lakh
Mar '24: 1.1 lakh
Jun '24: 1.1 lakh
Sep '24: 1.2 lakh
Dec '24: 1.3 lakh
Mar '25: 1.3 lakh
Jun '25: 1.4 lakh
Sep '25: 1.5 lakh
Dec '25: 1.6 lakh
Mar '26: 1.5 lakh
Jun '26: 1.5 lakh

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

−17.1%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like RADICO KHAITAN 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 −25% to −5% vs the market, against +1% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −17.9%, 80% range −24.6% to −15.6%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%
BRITANNIA · Jul 2020: −42.9% vs market
IPCALAB · Oct 2020: −42.0% vs market
THERMAX · May 2024: −40.4% vs market
CERA · Aug 2023: −34.2% vs market
LTTS · Nov 2021: −33.9% vs market
AIAENG · May 2020: −33.5% vs market
POLYMED · Oct 2024: −32.2% vs market
CENTURYPLY · Mar 2022: −31.5% vs market
FLUOROCHEM · Jul 2022: −29.0% vs market
SYNGENE · Dec 2020: −28.2% vs market
CROMPTON · Jan 2021: −27.1% vs market
SHREECEM · Jun 2020: −27.0% vs market
SUZLON · Sep 2024: −25.5% vs market
PERSISTENT · Feb 2025: −24.4% vs market
EMAMILTD · Jan 2021: −24.2% vs market
COFORGE · Jun 2025: −24.0% vs market
AFFLE · Jul 2025: −23.1% vs market
GODREJCP · Jun 2020: −22.9% vs market
DOMS · Apr 2025: −21.8% vs market
SONACOMS · Dec 2023: −21.5% vs market
UNITDSPR · Apr 2025: −20.5% vs market
ERIS · May 2020: −18.5% vs market
KPITTECH · Oct 2023: −17.9% vs market
TITAN · Feb 2020: −17.6% vs market
TTKPRESTIG · Mar 2020: −17.1% vs market
APLLTD · Apr 2020: −17.0% vs market
FINEORG · May 2022: −15.4% vs market
SFL · Mar 2020: −14.5% vs market
RELAXO · Apr 2020: −13.8% vs market
KANSAINER · Mar 2020: −13.7% vs market
CARBORUNIV · Mar 2023: −13.4% vs market
JBCHEPHARM · Sep 2023: −12.8% vs market
BIKAJI · Sep 2024: −12.5% vs market
POLYCAB · Sep 2023: −10.3% vs market
INDHOTEL · Nov 2024: −9.7% vs market
KAJARIACER · Aug 2021: −7.5% vs market
MAXHEALTH · Feb 2025: −5.4% vs market
SRF · Mar 2022: −5.2% vs market
BERGEPAINT · Aug 2020: −4.1% vs market
INGERRAND · Apr 2023: −2.2% vs market
PIIND · Sep 2020: −1.5% vs market
MEDANTA · Aug 2025: 0% vs market
HAVELLS · Aug 2021: +2.4% vs market
ATUL · May 2020: +9.4% vs market
VOLTAS · Feb 2020: +10.2% vs market
GARFIBRES · May 2020: +14.8% vs market
SOLARINDS · Feb 2023: +15.0% vs market
BALKRISIND · May 2020: +17.1% vs market
SUPREMEIND · Apr 2020: +17.2% vs market
ASTRAL · Feb 2020: +36.6% vs market
Similar setups −17.1%All companies +0.8%← 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

Similar setups' median
−17.1%
All companies' median
+0.8%
Beat the market
16% vs 51%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ASTRAL
Producer Manufacturing		 Feb 2020 88x23% +32%−7% +37%
MEDANTA
Health Services		 Aug 2025 77x20% +21%−4% 0%
PERSISTENT
Technology Services		 Feb 2025 66x29% +23%−21% −24%
LTTS
Technology Services		 Nov 2021 84x27% +206%−7% −34%
EMAMILTD
Consumer Non-Durables		 Jan 2021 72x18% +64%0% −24%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KANSAINER
Process Industries		 Mar 2020 46x20% −16%−30% −14%
KPITTECH
Technology Services		 Oct 2023 88x30% +72%−1% −18%
BERGEPAINT
Process Industries		 Aug 2020 80x28% +46%−9% −4%
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, drawdown from 12-month high and interest cover. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 RADICO KHAITAN 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.

TRENTTRENT
Retail Trade
77%similar
P/Epromoter holding
PERSISTENT SYSTEMSPERSISTENT
Technology Services
73%similar
volatilitymarket cap
NAVIN FLUORINE INTERNATIONAL LNAVINFLUOR
Process Industries
72%similar
market capvolatility
NEULAND LABORATORIESNEULANDLAB
Health Technology
72%similar
revenue growthEPS growth
INDIAN HOTELS COINDHOTEL
Consumer Services
71%similar
promoter holdingmarket cap
HONASA CONSUMERHONASA
Consumer Non-Durables
65%similar
volatilitypromoter holding
VARUN BEVERAGESVBL
Consumer Non-Durables
62%similar
debt/equityrevenue growth
MARICOMARICO
Consumer Non-Durables
51%similar
operating margindebt/equity

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

What changed?

30 events since Dec '22

  1. OctPriceVolume reached 5.9x its 50-day median on 2026-10-27; price +2.1% that day.
  2. JulPriceVolume reached 6.0x its 50-day median on 2026-07-28; price +3.4% that day.
  3. JunPeer rankMoved into the top quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
  4. MarPriceVolume reached 6.8x its 50-day median on 2026-03-06; price +7.8% that day.
  5. NovValuationP/E crossed above the 90th percentile of its own history to date (107.7x).
  6. NovPriceVolume reached 27.5x its 50-day median on 2025-11-20; price +4.3% that day.
  7. AugPriceVolume reached 12.8x its 50-day median on 2025-08-01; price +3.8% that day.
  8. JulValuationP/E crossed above the 90th percentile of its own history to date (106.4x).
Show 22 earlier events
  1. JunPriceRegained the 2024-12 peak, 4 months after the low.
  2. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on ROCE (from the 3rd quartile).
  3. JunPriceVolume reached 6.8x its 50-day median on 2025-06-03; price +4.8% that day.
  4. MarValuationP/E crossed above the 90th percentile of its own history to date (106.3x).
  5. MarPeer rankMoved into the top quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  6. FebPriceFell 27% from the Dec 2024 peak to the Feb 2025 low.
  7. FebPriceVolume reached 5.6x its 50-day median on 2025-02-20; price +8.9% that day.
  8. OctPriceVolume reached 13.3x its 50-day median on 2024-10-25; price -1.2% that day.
  9. AugValuationP/E crossed above the 90th percentile of its own history to date (99.0x).
  10. AugPriceVolume reached 16.6x its 50-day median on 2024-08-30; price +6.8% that day.
  11. JunResultsYear-on-year EPS growth turned positive.
  12. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on EPS growth (from the 3rd quartile).
  13. JunPriceVolume reached 6.8x its 50-day median on 2024-06-05; price +8.8% that day.
  14. MarPriceVolume reached 8.4x its 50-day median on 2024-03-19; price +3.3% that day.
  15. DecPriceVolume reached 13.3x its 50-day median on 2023-12-05; price +4.3% that day.
  16. JulPriceRegained the 2022-01 peak, 14 months after the low.
  17. JulPriceVolume reached 14.9x its 50-day median on 2023-07-04; price +4.0% that day.
  18. JunResultsRevenue (TTM) reached a new high of ₹3,133 cr.
  19. JunPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
  20. AprPriceVolume reached 5.7x its 50-day median on 2023-04-11; price -2.9% that day.
  21. JanValuationP/E crossed above the 90th percentile of its own history to date (57.3x).
  22. DecPriceVolume reached 9.6x its 50-day median on 2022-12-02; price +7.1% 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
2026-1186.8x₹6230 cr21.2%24.0%0.2x
2026-1077.8x₹6230 cr21.2%24.0%0.2x
2026-0983.1x₹6230 cr21.2%24.0%0.2x
2026-0899.4x₹6051 cr18.2%24.0%0.2x
2026-0796.2x₹6051 cr18.2%24.0%0.2x
2026-0687.4x₹6051 cr18.2%24.0%0.2x
2026-0591.1x₹5851 cr18.8%16.0%0.3x
2026-0488.6x₹5851 cr18.8%16.0%0.3x
2026-0368.1x₹5851 cr18.8%16.0%0.3x
2026-0277.5x₹5598 cr16.6%16.0%0.3x
2026-0182.7x₹5598 cr16.6%16.0%0.3x
2025-1296.5x₹5598 cr16.6%16.0%0.3x
2025-11107.7x₹5220 cr14.5%16.0%0.3x
2025-10105.1x₹5220 cr14.5%16.0%0.3x
2025-0996.9x₹5220 cr14.5%16.0%0.3x
2025-08111.0x₹4851 cr12.5%16.0%0.3x
2025-07106.4x₹4851 cr12.5%16.0%0.3x
2025-06101.9x₹4851 cr12.5%16.0%0.3x
2025-05110.9x₹4626 cr12.5%13.0%0.3x
2025-04107.5x₹4626 cr12.5%13.0%0.3x
2025-03106.3x₹4626 cr12.5%13.0%0.3x
2025-0297.2x₹4493 cr11.7%13.0%0.3x
2025-01102.2x₹4493 cr11.7%13.0%0.3x
2024-12122.2x₹4493 cr11.7%13.0%0.3x
2024-11122.0x₹4302 cr11.0%13.0%0.3x
2024-10118.1x₹4302 cr11.0%13.0%0.3x
2024-09101.6x₹4302 cr11.0%13.0%0.3x
2024-0899.0x₹4106 cr10.7%13.0%0.3x
2024-0787.9x₹4106 cr10.7%13.0%0.3x
2024-0691.1x₹4106 cr10.7%13.0%0.3x
2024-0595.7x₹3133 cr10.0%12.0%0.3x
2024-04106.6x₹3133 cr10.0%12.0%0.3x
2024-03104.8x₹3133 cr10.0%12.0%0.3x
2024-0295.3x₹3133 cr10.0%12.0%0.3x
2024-01101.0x₹3133 cr10.0%12.0%0.3x
2023-12100.6x₹3133 cr10.0%12.0%0.3x
2023-1191.4x₹3133 cr10.0%12.0%0.3x
2023-1073.8x₹3133 cr10.0%12.0%0.3x
2023-0973.0x₹3133 cr10.0%12.0%0.3x
2023-0876.6x₹3133 cr10.0%12.0%0.3x
2023-0788.0x₹3133 cr10.0%12.0%0.3x
2023-0673.3x₹3133 cr10.0%12.0%0.3x
2023-0559.3x₹2859 cr13.0%16.0%0.1x
2023-0457.2x₹2859 cr13.0%16.0%0.1x
2023-0360.7x₹2859 cr13.0%16.0%0.1x
2023-0259.0x₹2859 cr13.0%16.0%0.1x
2023-0157.3x₹2859 cr13.0%16.0%0.1x
2022-1251.4x₹2859 cr13.0%16.0%0.1x
2022-1153.8x₹2859 cr13.0%16.0%0.1x
2022-1052.9x₹2859 cr13.0%16.0%0.1x
2022-0953.1x₹2859 cr13.0%16.0%0.1x
2022-0853.2x₹2859 cr13.0%16.0%0.1x
2022-0747.8x₹2859 cr13.0%16.0%0.1x
2022-0644.3x₹2859 cr13.0%16.0%0.1x
2022-0538.8x₹2374 cr15.4%18.0%0.2x
2022-0443.4x₹2374 cr15.4%18.0%0.2x
2022-0342.8x₹2374 cr15.4%18.0%0.2x
2022-0243.1x₹2374 cr15.4%18.0%0.2x
2022-0151.8x₹2374 cr15.4%18.0%0.2x
2021-1259.6x₹2374 cr15.4%18.0%0.2x

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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