Share price
₹17.48 latest close · +0.9% over the last 90 sessions
52-week range ₹14.63 to ₹29.70 · 1-year volatility 51.7%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-46.1% (2025-12 peak to 2026-03 low, not yet recovered)
Where does it rank among Non-Energy Minerals peers?
Each cell is the company's percentile rank among its Non-Energy Minerals 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
- ROCE64th
- Op. margin30th
- Debt/equity ↓16th
- Cash cycle ↓38th
- P/E ↓84th
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 Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory
What is the price implying?
At a P/E of 12.9x, the price would imply about 10.4%/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 Non-Energy Minerals The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹17.48
- P/E
- 11.2x
- ROCE
- 13.0%
- Market Cap
- ₹176 cr
- Revenue (TTM)
- ₹633 cr
- P/S
- 0.3x
- P/B
- 1.3x
- ROE
- 11.3%
- Operating Margin
- 6.5%
- Debt / Equity
- 1.0x
- Promoter Holding
- 72.9%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance7%Within range
Other income as a share of pre-tax profit (trailing twelve months): 7.3%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate24%Within range
Median quarterly effective tax rate over about 2.5 years: 23.9%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.41xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.41x (cash from operations ₹19 cr, net profit ₹46 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 progress2% of fixed assetsWithin range
Capital work-in-progress is 2% 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.
Who has been buying and selling?
- Since Sep 2025, institutional and promoter holdings were broadly unchanged.
- The number of shareholders fell from 20,791 to 19,604 (-6%) between Sep 2025 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What changed?
4 events since Mar '26
- SepPeer rankMoved into the 3rd quartile of Non-Energy Minerals on operating margin (from the bottom quartile).
- JunPeer rankSlipped to the bottom quartile of Non-Energy Minerals on operating margin (from the 3rd quartile).
- MarPriceFell 46% from the Dec 2025 peak to the Mar 2026 low.
- MarPeer rankMoved into the 3rd quartile of Non-Energy Minerals on operating margin (from the bottom 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 history12 months · 2025-12 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 11.2x | ₹633 cr | 11.3% | 13.0% | 1.0x |
| 2026-10 | 11.3x | ₹633 cr | 11.3% | 13.0% | 1.0x |
| 2026-09 | 12.0x | ₹633 cr | 11.3% | 13.0% | 1.0x |
| 2026-08 | 12.9x | ₹623 cr | 11.5% | 13.0% | 1.0x |
| 2026-07 | 10.9x | ₹623 cr | 11.5% | 13.0% | 1.0x |
| 2026-06 | 10.8x | ₹623 cr | 11.5% | 13.0% | 1.0x |
| 2026-05 | 11.6x | ₹612 cr | 12.8% | 12.0% | 1.0x |
| 2026-04 | 13.0x | ₹612 cr | 12.8% | 12.0% | 1.0x |
| 2026-03 | 9.3x | ₹612 cr | 12.8% | 12.0% | 1.0x |
| 2026-02 | 25.3x | ₹602 cr | 6.2% | 12.0% | 1.0x |
| 2026-01 | 23.8x | ₹602 cr | 6.2% | 12.0% | 1.0x |
| 2025-12 | 32.5x | ₹602 cr | 6.2% | 12.0% | 1.0x |