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RALLIS INDIA LTD (RALLIS)

Process Industries · Chemicals: Agricultural · 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.58 / 100
Profitability 33Growth 40Balance sheet 100
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.28 / 100
Price 35Earnings 45FII/DII 6
Compare withFERTILIZERS AND CHEMICALS TRAVUPLSUMITOMO CHEMICAL INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹188.46 latest close · −17.4% over the last 90 sessions

₹180₹200₹220₹240Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹180₹200₹220₹240Jul 3Sep 4Nov 9

₹188.46 month-end · −28.5% over 12 months

₹200₹250Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹200₹250Nov '25May '26Nov '26

₹188.46 month-end · −19.0% over 3 years

₹200₹300Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹300Nov '23May '25Nov '26

₹188.46 month-end · +17.5% since Jan '19

₹200₹300Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹200₹300Jan '19Dec '22Nov '26

52-week range ₹182.10 to ₹298.40 · 1-year volatility 32.5%

Was the rally earned?

-29%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 31.3x to 22.4x); per-share earnings added 0 points.
  • The share count barely moved.
Net profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0 ptsNet profit growthP/E change: −28 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−28 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: −28%−28%Share priceNet profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: −28 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−28P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −28%−28%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-28 ptsThe P/E fell from 31.3x to 22.4x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-19%share price, 3 yearsMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 27.6x to 22.4x); per-share earnings added 0 points.
  • The share count barely moved.
Net profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0 ptsNet profit growthP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19 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: −19%−19%Share priceNet profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −19%−19%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-19 ptsThe P/E fell from 27.6x to 22.4x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-24%share price, 5 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 25 points, while the multiple moved less (P/E 22.1x to 22.4x).
  • The share count barely moved.
Net profit growth: −25 pts. Points of the price return explained by net profit growing (or shrinking).−25 ptsNet profit growthP/E change: +1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+1 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: −24%−24%Share priceNet profit growth: −25 pts. Points of the price return explained by net profit growing (or shrinking).−25ProfitP/E change: +1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+1P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −24%−24%Share price
Net profit growth-25 ptsNet profit fell about 25%, which lowers the price.
P/E change+1 ptsThe P/E rose from 22.1x to 22.4x, which lifts the price.
Share count change0 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 FERTILIZERS AND CHEMICALS TRAV

How rough has the ride been?

Maximum drawdown-51.9%not yet recovered
1-year volatility32.5%annualised
Beta vs sector index1.203-year daily, correlation 0.53
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−51.9% 0%−20%−40%2020202220242026−51.9%
Largest drawdowns

-51.9% (2025-08 peak to 2026-10 low, not yet recovered)

-47.6% (2021-06 peak to 2022-06 low, recovered 2024-08)

-45.1% (2024-10 peak to 2025-04 low, recovered 2025-07)

Most recent volume spikes

2026-07-21: 23.5x the 50-day median, price -4.7% that day

2026-07-20: 7.5x the 50-day median, price +2.5% that day

2026-07-15: 8.3x the 50-day median, price +3.2% 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?

22.4xP/E todayWithin its usual range
Against its own history21st percentile
CheapestMedian 25.8xDearest

Usual range 20.9x to 36.7x since 2019-01.

Against Process Industries22.4x vs 18.1x
This company
22.4x
Sector median
18.1x

24% above the Process Industries median.

6.8x19.4x32.0x44.7xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x19.4x32.0x44.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianProcess Industries 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 Process Industries is valued

Where does it rank among Process Industries peers?

Each cell is the company's percentile rank among its Process Industries 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

  • ROCE59thflat vs a year ago
  • Op. margin8thflat vs a year ago
  • Revenue growth27th▼ 4 pts vs a year ago
  • EPS growth39th▼ 9 pts vs a year ago
  • Debt/equity ↓82ndflat vs a year ago
  • Cash cycle ↓51stflat vs a year ago
  • P/E ↓40th▲ 5 pts vs a year ago
  • 12M momentum21st▼ 30 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

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 Process Industries sector page Watch it move against Process Industries in the Observatory

What is the price implying?

~14%annual earnings growth implied by the price

At a P/E of 20.4x, the price would imply about 13.6%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Earnings figures have not updated recently, so the company is left out of the lists.

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

What prices imply across Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹188.46
P/E
22.4x
ROCE
13.0%
Market Cap
₹3672 cr
Revenue (TTM)
₹2605 cr
P/S
1.4x
P/B
2.2x
ROE
9.7%
Operating Margin
-0.6%
Debt / Equity
0.1x
Promoter Holding
55.1%
12M Momentum
-28.5%

52-week range

₹182.10₹298.40
5% of the way from its 52-week low to its high

Price risk

1Y volatility
32.5%
Beta vs sector
1-year daily
1.07

Balance sheet & cash

Interest cover
operating profit ÷ interest
56.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.25x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range1 beyond a threshold
Other income reliance12%Within range

Other income as a share of pre-tax profit (trailing twelve months): 11.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate-13%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: -13.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.25xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.25x (cash from operations ₹720 cr, net profit ₹577 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 history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (63 vs 63). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress17% of fixed assetsWithin range

Capital work-in-progress is 17% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days0 days / 2 yrsWithin range

Days payable changed by 0 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 trimmed 2.7 pts; FIIs added 0.9 pts.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters55.1%55.1%0.0 pts
FIIs8.2%9.1%+0.9 pts
DIIs14.4%11.7%-2.7 pts
Public and others21.8%23.7%+1.8 pts

Number of shareholders

1.3 lakhshareholders-3% since Sep '23
1.3L1.3L1.4L1.4L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.4 lakh
Dec '23: 1.4 lakh
Mar '24: 1.4 lakh
Jun '24: 1.4 lakh
Sep '24: 1.3 lakh
Dec '24: 1.4 lakh
Mar '25: 1.4 lakh
Jun '25: 1.3 lakh
Sep '25: 1.3 lakh
Dec '25: 1.4 lakh
Mar '26: 1.3 lakh
Jun '26: 1.3 lakh
 1.3L1.3L1.4L1.4L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.4 lakh
Dec '23: 1.4 lakh
Mar '24: 1.4 lakh
Jun '24: 1.4 lakh
Sep '24: 1.3 lakh
Dec '24: 1.4 lakh
Mar '25: 1.4 lakh
Jun '25: 1.3 lakh
Sep '25: 1.3 lakh
Dec '25: 1.4 lakh
Mar '26: 1.3 lakh
Jun '26: 1.3 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

+3.0%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 RALLIS INDIA 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 −22% to +31% vs the market, against 0% for all non-financial companies in the same months.
  • The gap against the base rate (+2.9%, 80% range −12.0% to +11.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
PRINCEPIPE · Mar 2024: −56.9% vs market
ZEEL · Apr 2023: −49.5% vs market
FAIRCHEMOR · Aug 2024: −35.6% vs market
TVTODAY · Sep 2025: −30.0% vs market
JAGRAN · Mar 2020: −28.3% vs market
WHIRLPOOL · May 2023: −26.9% vs market
GAEL · Aug 2023: −26.1% vs market
PLASTIBLEN · May 2021: −26.1% vs market
GUJALKALI · Jun 2020: −25.7% vs market
TCIEXP · Aug 2025: −25.5% vs market
GMDCLTD · Jan 2020: −24.4% vs market
BALMLAWRIE · Oct 2020: −21.9% vs market
INDNIPPON · Dec 2020: −21.9% vs market
VAIBHAVGBL · May 2023: −21.7% vs market
BAJAJCON · Jan 2024: −20.1% vs market
BHARATRAS · Jun 2023: −17.2% vs market
ROSSARI · Jan 2024: −15.7% vs market
LUXIND · Jul 2023: −12.3% vs market
NOCIL · Sep 2023: −12.2% vs market
TTKHLTCARE · Sep 2025: −11.7% vs market
HONDAPOWER · Mar 2024: −11.7% vs market
NILKAMAL · Mar 2022: −8.8% vs market
FINPIPE · Feb 2025: −8.1% vs market
ACC · Apr 2023: −2.8% vs market
JTLIND · Jun 2025: −1.7% vs market
HARSHA · Dec 2023: +7.7% vs market
MAYURUNIQ · Dec 2022: +7.7% vs market
JUBLINGREA · Sep 2023: +11.5% vs market
ARE&M · Jul 2022: +12.5% vs market
CIEINDIA · Apr 2020: +12.5% vs market
AVANTIFEED · Jul 2023: +13.1% vs market
SHRIPISTON · Sep 2020: +14.0% vs market
EXCELINDUS · May 2021: +17.4% vs market
VEEDOL · Jan 2023: +18.0% vs market
APLLTD · Apr 2023: +21.6% vs market
KRSNAA · Apr 2024: +25.2% vs market
APCOTEXIND · Mar 2020: +29.2% vs market
STARCEMENT · Mar 2022: +31.5% vs market
FDC · Aug 2022: +31.7% vs market
DODLA · Aug 2022: +32.2% vs market
WINDLAS · Oct 2022: +34.9% vs market
KIRLOSENG · Jun 2020: +36.5% vs market
KRBL · Jul 2022: +38.8% vs market
GPPL · Jul 2022: +39.4% vs market
BOROLTD · Jul 2021: +49.5% vs market
ALLDIGI · Mar 2020: +52.7% vs market
LMW · Apr 2020: +60.2% vs market
GANECOS · Dec 2021: +75.0% vs market
CYIENT · Aug 2022: +77.0% vs market
GODFRYPHLP · Mar 2022: +89.7% vs market
Similar setups +3.0%All companies +0.1%← 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
+3.0%
All companies' median
+0.1%
Beat the market
50% vs 50%

50 past situations · 50 companies · 31 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
NOCIL
Process Industries		 Sep 2023 26x13% −10%−15% −12%
JUBLINGREA
Process Industries		 Sep 2023 25x16% −7%−18% +12%
KIRLOSENG
Producer Manufacturing		 Jun 2020 8x12% −43%−46% +37%
SHRIPISTON
Producer Manufacturing		 Sep 2020 16x8% −31%−36% +14%
VAIBHAVGBL
Consumer Durables		 May 2023 21x21% −10%−24% −22%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BALMLAWRIE
Producer Manufacturing		 Oct 2020 10x11% −23%−25% −22%
LMW
Producer Manufacturing		 Apr 2020 14x18% −58%−59% +60%
AVANTIFEED
Process Industries		 Jul 2023 20x18% −7%−21% +13%
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/S. 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 RALLIS INDIA 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.

SURYA ROSHNISURYAROSNI
Non-Energy Minerals
65%similar
revenue growthmarket cap
HEIDELBERG CEMENT INDIAHEIDELBERG
Non-Energy Minerals
60%similar
P/Erevenue
VARDHMAN SPECIAL STEELSVSSL
Non-Energy Minerals
60%similar
market cappromoter holding
NILKAMALNILKAMAL
Consumer Durables
59%similar
P/EEPS growth
GUJARAT INDUSTRIES POWER CO LGIPCL
Utilities
58%similar
revenue growthEPS growth
BANNARI AMMAN SUGARSBANARISUG
Process Industries
70%similar
operating marginmarket cap
SESHASAYEE PAPER & BOARDSSESHAPAPER
Process Industries
52%similar
volatilityrevenue growth
SIYARAM SILK MILLSSIYSIL
Process Industries
51%similar
revenueEPS growth

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

What changed?

30 events since Jun '22

  1. OctPriceFell 52% from the Aug 2025 peak to the Oct 2026 low.
  2. JulPriceVolume reached 23.5x its 50-day median on 2026-07-21; price -4.7% that day.
  3. AprPriceVolume reached 15.2x its 50-day median on 2026-04-28; price +0.1% that day.
  4. JanPriceVolume reached 81.6x its 50-day median on 2026-01-22; price +14.9% that day.
  5. OctPriceVolume reached 10.9x its 50-day median on 2025-10-17; price -0.7% that day.
  6. JulPriceRegained the 2024-10 peak, 3 months after the low.
  7. JulPriceVolume reached 75.1x its 50-day median on 2025-07-15; price -0.2% that day.
  8. JunPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
Show 22 earlier events
  1. MayValuationP/E crossed above the 90th percentile of its own history to date (38.0x).
  2. MayPriceVolume reached 20.6x its 50-day median on 2025-05-30; price +11.5% that day.
  3. AprPriceFell 45% from the Oct 2024 peak to the Apr 2025 low.
  4. JanPriceVolume reached 5.2x its 50-day median on 2025-01-20; price -6.8% that day.
  5. OctPriceVolume reached 70.5x its 50-day median on 2024-10-16; price +14.1% that day.
  6. AugPriceRegained the 2021-06 peak, 26 months after the low.
  7. AugPriceVolume reached 10.7x its 50-day median on 2024-08-06; price +1.4% that day.
  8. JunPeer rankMoved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
  9. JunPriceVolume reached 18.6x its 50-day median on 2024-06-10; price +11.1% that day.
  10. MarPriceVolume reached 57.6x its 50-day median on 2024-03-07; price +13.2% that day.
  11. DecValuationP/E crossed above the 90th percentile of its own history to date (29.6x).
  12. NovPriceVolume reached 34.3x its 50-day median on 2023-11-21; price +9.2% that day.
  13. AugValuationP/E crossed above the 90th percentile of its own history to date (27.9x).
  14. AugPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
  15. JulPriceVolume reached 25.4x its 50-day median on 2023-07-18; price +2.7% that day.
  16. JunPeer rankMoved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
  17. AprPriceVolume reached 8.3x its 50-day median on 2023-04-26; price -4.1% that day.
  18. JanPriceVolume reached 8.6x its 50-day median on 2023-01-19; price -8.8% that day.
  19. NovValuationP/E crossed above the 90th percentile of its own history to date (28.8x).
  20. OctPriceVolume reached 20.3x its 50-day median on 2022-10-20; price +4.5% that day.
  21. SepPriceVolume reached 9.5x its 50-day median on 2022-09-13; price +4.9% that day.
  22. JunPriceFell 48% from the Jun 2021 peak to the Jun 2022 low.

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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1122.4x₹2605 cr9.7%13.0%0.1x
2026-1021.8x₹2605 cr9.7%13.0%0.1x
2026-0923.7x₹2605 cr9.7%13.0%0.1x
2026-0824.6x₹2605 cr9.7%13.0%0.1x
2026-0725.8x₹2605 cr9.7%13.0%0.1x
2026-0626.4x₹2605 cr9.7%13.0%0.1x
2026-0528.8x₹2605 cr9.7%13.0%0.1x
2026-0431.5x₹2605 cr9.7%13.0%0.1x
2026-0325.9x₹2605 cr9.7%13.0%0.1x
2026-0232.8x₹2605 cr9.7%13.0%0.1x
2026-0132.6x₹2605 cr9.7%13.0%0.1x
2025-1233.2x₹2605 cr9.7%13.0%0.1x
2025-1131.3x₹2605 cr9.7%13.0%0.1x
2025-1030.7x₹2605 cr9.7%13.0%0.1x
2025-0936.2x₹2605 cr9.7%13.0%0.1x
2025-0841.3x₹2605 cr9.7%13.0%0.1x
2025-0744.7x₹2605 cr9.7%13.0%0.1x
2025-0638.4x₹2605 cr9.7%13.0%0.1x
2025-0538.0x₹2605 cr9.7%13.0%0.1x
2025-0427.9x₹2605 cr9.7%13.0%0.1x
2025-0325.4x₹2605 cr9.7%13.0%0.1x
2025-0224.9x₹2605 cr9.7%13.0%0.1x
2025-0128.5x₹2605 cr9.7%13.0%0.1x
2024-1235.1x₹2605 cr9.7%13.0%0.1x
2024-1139.4x₹2605 cr9.7%13.0%0.1x
2024-1040.2x₹2605 cr9.7%13.0%0.1x
2024-0939.2x₹2605 cr9.7%13.0%0.1x
2024-0841.8x₹2605 cr9.7%13.0%0.1x
2024-0739.2x₹2605 cr9.7%13.0%0.1x
2024-0637.0x₹2605 cr9.7%13.0%0.1x
2024-0530.5x₹2605 cr9.7%13.0%0.1x
2024-0431.6x₹2605 cr9.7%13.0%0.1x
2024-0329.7x₹2605 cr9.7%13.0%0.1x
2024-0229.4x₹2605 cr9.7%13.0%0.1x
2024-0131.4x₹2605 cr9.7%13.0%0.1x
2023-1229.6x₹2605 cr9.7%13.0%0.1x
2023-1127.6x₹2605 cr9.7%13.0%0.1x
2023-1025.8x₹2605 cr9.7%13.0%0.1x
2023-0924.8x₹2605 cr9.7%13.0%0.1x
2023-0827.9x₹2605 cr9.7%13.0%0.1x
2023-0725.9x₹2605 cr9.7%13.0%0.1x
2023-0623.4x₹2605 cr9.7%13.0%0.1x
2023-0522.5x₹2605 cr9.7%13.0%0.1x
2023-0422.5x₹2605 cr9.7%13.0%0.1x
2023-0322.9x₹2605 cr9.7%13.0%0.1x
2023-0223.3x₹2605 cr9.7%13.0%0.1x
2023-0124.8x₹2605 cr9.7%13.0%0.1x
2022-1228.7x₹2605 cr9.7%13.0%0.1x
2022-1128.8x₹2605 cr9.7%13.0%0.1x
2022-1026.9x₹2605 cr9.7%13.0%0.1x
2022-0924.9x₹2605 cr9.7%13.0%0.1x
2022-0826.7x₹2605 cr9.7%13.0%0.1x
2022-0725.2x₹2605 cr9.7%13.0%0.1x
2022-0622.4x₹2605 cr9.7%13.0%0.1x
2022-0520.9x₹2568 cr11.7%18.0%0.0x
2022-0424.5x₹2568 cr11.7%18.0%0.0x
2022-0324.8x₹2568 cr11.7%18.0%0.0x
2022-0223.6x₹2510 cr12.1%18.0%0.0x
2022-0126.2x₹2510 cr12.1%18.0%0.0x
2021-1227.7x₹2510 cr12.1%18.0%0.0x
2021-1122.1x₹2507 cr13.8%18.0%0.0x
2021-1023.5x₹2507 cr13.8%18.0%0.0x
2021-0925.4x₹2507 cr13.8%18.0%0.0x
2021-0824.0x₹2429 cr14.4%18.0%0.0x
2021-0727.6x₹2429 cr14.4%18.0%0.0x
2021-0627.6x₹2429 cr14.4%18.0%0.0x
2021-0527.6x₹2304 cr15.8%16.0%0.1x
2021-0424.7x₹2304 cr15.8%16.0%0.1x
2021-0322.2x₹2304 cr15.8%16.0%0.1x
2021-0223.3x₹2268 cr15.2%16.0%0.1x
2021-0124.8x₹2268 cr15.2%16.0%0.1x
2020-1225.6x₹2268 cr15.2%16.0%0.1x
2020-1125.4x₹2292 cr15.3%16.0%0.1x
2020-1022.3x₹2292 cr15.3%16.0%0.1x
2020-0925.6x₹2292 cr15.3%16.0%0.1x
2020-0829.7x₹2252 cr13.6%16.0%0.1x
2020-0729.4x₹2252 cr13.6%16.0%0.1x
2020-0627.6x₹2252 cr13.6%16.0%0.1x
2020-0521.4x₹2246 cr14.9%18.0%0.1x
2020-0421.5x₹2246 cr14.9%18.0%0.1x
2020-0317.7x₹2246 cr14.9%18.0%0.1x
2020-0228.0x₹1984 cr12.1%18.0%0.1x
2020-0129.5x₹1984 cr12.1%18.0%0.1x
2019-1221.1x₹1984 cr12.1%18.0%0.1x
2019-1123.2x₹1984 cr12.1%18.0%0.1x
2019-1021.0x₹1984 cr12.1%18.0%0.1x
2019-0922.2x₹1984 cr12.1%18.0%0.1x
2019-0819.6x₹1984 cr12.1%18.0%0.1x
2019-0720.0x₹1984 cr12.1%18.0%0.1x
2019-0618.2x₹1984 cr12.1%18.0%0.1x
2019-0517.6x₹1791 cr14.0%20.0%0.0x
2019-0417.2x₹1791 cr14.0%20.0%0.0x
2019-0319.0x₹1791 cr14.0%20.0%0.0x
2019-0217.5x₹1791 cr14.0%20.0%0.0x
2019-0118.6x₹1791 cr14.0%20.0%0.0x

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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