Share price
₹26.28 latest close · +4.8% over the last 90 sessions
₹26.28 month-end · +0.5% over 12 months
₹26.28 month-end · −2.1% over 3 years
₹26.28 month-end · −56.9% since Jan '19
52-week range ₹20.81 to ₹32.38 · 1-year volatility 38.0%
Was the rally earned?
- The share price was roughly flat over 1 year (+1%).
- The share count rose 6%.
- The share price was roughly flat over 3 years (-2%).
- The share count rose 6%.
Earnings helped, the multiple did not.
- Per-share earnings added 302 points, but investors now pay less per rupee of profit (P/E 350.0x to 14.6x), which took 308 points back.
- The share count rose 6%.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-80.7% (2020-08 peak to 2023-03 low, not yet recovered)
-65.7% (2019-02 peak to 2019-05 low, recovered 2020-06)
Is it expensive against its own past and its peers?
Usual range 21.0x to 458.6x since 2019-01.
33% below the Non-Energy Minerals median.
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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.
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
- ROCE55th▲ 20 pts vs a year ago
- Op. margin12th▲ 3 pts vs a year ago
- Revenue growth93rd▲ 13 pts vs a year ago
- EPS growth81st▼ 16 pts vs a year ago
- Debt/equity ↓59th▼ 5 pts vs a year ago
- Cash cycle ↓76th▼ 3 pts vs a year ago
- P/E ↓71st▲ 9 pts vs a year ago
- 12M momentum65thflat vs a year ago
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 28.1x, the price would imply about 19.3%/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
- ₹26.28
- P/E
- 14.6x
- ROCE
- 11.0%
- Market Cap
- ₹45 cr
- Revenue (TTM)
- ₹200 cr
- P/S
- 0.2x
- P/B
- 1.3x
- ROE
- 8.8%
- Operating Margin
- 2.5%
- Debt / Equity
- 0.3x
- Promoter Holding
- 72.7%
- 12M Momentum
- 0.5%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance18%Near threshold
Other income as a share of pre-tax profit (trailing twelve months): 18.3%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate27%Within range
Median quarterly effective tax rate over about 2.5 years: 27.4%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.67xNear threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.67x (cash from operations ₹4 cr, net profit ₹6 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 (20 vs 37). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress42% of fixed assetsWithin range
Capital work-in-progress is 42% 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.
Who has been buying and selling?
- Over 3 years, promoters trimmed 0.9 pts.
- The number of shareholders fell from 14,514 to 12,386 (-15%) between Sep 2023 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 happened next to similar setups
- We found 50 past situations where a non-financial company looked like SAGARDEEP ALLOYS LIMITED 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 −17% to +59% vs the market, against 0% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +6.3%, 80% range +0.1% to +12.1%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
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 · 9 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 31 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| AARVI Commercial Services |
Aug 2025 | 19x | 11% | −11% | −17% | +3% |
| MOKSH Consumer Durables |
Jan 2024 | 23x | 17% | +65% | 0% | −17% |
| TEXMOPIPES Producer Manufacturing |
Oct 2020 | 11x | 7% | +2% | −9% | +85% |
| AAREYDRUGS Health Technology |
Apr 2025 | 26x | 6% | +3% | −27% | +59% |
| TOTAL Transportation |
Jun 2020 | 18x | 9% | −26% | — | +20% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| MWL Non-Energy Minerals |
Nov 2024 | 17x | 14% | +49% | −11% | +47% |
| AIROLAM Non-Energy Minerals |
Jul 2021 | 11x | 12% | +79% | −3% | +53% |
| CORDSCABLE Producer Manufacturing |
Oct 2022 | 14x | 13% | +31% | −2% | +46% |
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, ROCE and interest cover. 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.
What changed?
24 events since May '19
- SepPeer rankMoved into the top quartile of Non-Energy Minerals on EPS growth (from the 2nd quartile).
- JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
- JunSharesShare count is up 6.2% over 12 months.
- MarResultsRevenue (TTM) reached a new high of ₹141 cr.
- JanDebtDebt / equity halved over 12 months to 0.20x.
- JunPeer rankMoved into the 3rd quartile of Non-Energy Minerals on ROCE (from the bottom quartile).
- JunDebtDebt / equity halved over 12 months to 0.20x.
- MarValuationP/E fell below the 10th percentile of its own history to date (44.9x).
Show 16 earlier events
- DecPeer rankMoved into the top quartile of Non-Energy Minerals on EPS growth (from the 2nd quartile).
- JunResultsRevenue (TTM) reached a new high of ₹100 cr.
- JanDebtDebt / equity halved over 12 months to 0.23x.
- JunPeer rankSlipped to the 2nd quartile of Non-Energy Minerals on EPS growth (from the top quartile).
- JunDebtDebt / equity halved over 12 months to 0.23x.
- MarPriceFell 81% from the Aug 2020 peak to the Mar 2023 low.
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the top quartile of Non-Energy Minerals on EPS growth (from the bottom quartile).
- DecValuationP/E crossed above the 90th percentile of its own history to date (609.4x).
- JunResultsRevenue (TTM) reached a new high of ₹65 cr.
- JunValuationP/E crossed above the 90th percentile of its own history to date (698.8x).
- JunSharesShare count is up 45.5% over 12 months.
- JunResultsYear-on-year EPS growth turned negative.
- JunPriceRegained the 2019-02 peak, 13 months after the low.
- JunPeer rankSlipped to the bottom quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
- MayPriceFell 66% from the Feb 2019 peak to the May 2019 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
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 14.6x | ₹200 cr | 8.8% | 11.0% | 0.3x |
| 2026-10 | 15.0x | ₹200 cr | 8.8% | 11.0% | 0.3x |
| 2026-09 | 12.8x | ₹200 cr | 8.8% | 11.0% | 0.3x |
| 2026-08 | 15.1x | ₹179 cr | 7.7% | 11.0% | 0.3x |
| 2026-07 | 15.4x | ₹179 cr | 7.7% | 11.0% | 0.3x |
| 2026-06 | 16.0x | ₹179 cr | 7.7% | 11.0% | 0.3x |
| 2026-05 | 21.3x | ₹141 cr | 6.7% | 8.0% | 0.2x |
| 2026-04 | 19.4x | ₹141 cr | 6.7% | 8.0% | 0.2x |
| 2026-03 | 17.6x | ₹141 cr | 6.7% | 8.0% | 0.2x |
| 2026-02 | 19.5x | ₹129 cr | 6.6% | 8.0% | 0.2x |
| 2026-01 | 20.9x | ₹129 cr | 6.6% | 8.0% | 0.2x |
| 2025-12 | 22.8x | ₹129 cr | 6.6% | 8.0% | 0.2x |
| 2025-11 | 22.0x | ₹130 cr | 6.4% | 8.0% | 0.2x |
| 2025-10 | 24.2x | ₹130 cr | 6.4% | 8.0% | 0.2x |
| 2025-09 | 22.2x | ₹130 cr | 6.4% | 8.0% | 0.2x |
| 2025-08 | 24.9x | ₹125 cr | 6.0% | 8.0% | 0.2x |
| 2025-07 | 25.6x | ₹125 cr | 6.0% | 8.0% | 0.2x |
| 2025-06 | 28.2x | ₹125 cr | 6.0% | 8.0% | 0.2x |
| 2025-05 | 45.2x | ₹122 cr | 3.8% | 6.0% | 0.4x |
| 2025-04 | 45.9x | ₹122 cr | 3.8% | 6.0% | 0.4x |
| 2025-03 | 44.9x | ₹122 cr | 3.8% | 6.0% | 0.4x |
| 2025-02 | 56.3x | ₹121 cr | 3.3% | 6.0% | 0.4x |
| 2025-01 | 58.3x | ₹121 cr | 3.3% | 6.0% | 0.4x |
| 2024-12 | 50.3x | ₹121 cr | 3.3% | 6.0% | 0.4x |
| 2024-11 | 52.4x | ₹112 cr | 3.0% | 6.0% | 0.4x |
| 2024-10 | 53.5x | ₹112 cr | 3.0% | 6.0% | 0.4x |
| 2024-09 | 54.7x | ₹112 cr | 3.0% | 6.0% | 0.4x |
| 2024-08 | 62.8x | ₹100 cr | 2.6% | 6.0% | 0.4x |
| 2024-07 | 72.1x | ₹100 cr | 2.6% | 6.0% | 0.4x |
| 2024-06 | 61.8x | ₹100 cr | 2.6% | 6.0% | 0.4x |
| 2024-05 | 83.6x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2024-04 | 84.7x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2024-03 | 71.3x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2024-02 | 89.7x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2024-01 | 93.6x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2023-12 | 84.5x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2023-11 | 83.9x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2023-10 | 86.9x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2023-09 | 76.3x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2023-08 | 80.0x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2023-07 | 65.2x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2023-06 | 65.2x | ₹87 cr | 2.0% | 6.0% | 0.2x |
| 2023-05 | 70.0x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2023-04 | 73.8x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2023-03 | 67.2x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2023-02 | 80.5x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2023-01 | 91.2x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2022-12 | 94.0x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2022-11 | 89.5x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2022-10 | 92.5x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2022-09 | 99.8x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2022-08 | 104.2x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2022-07 | 89.2x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2022-06 | 85.7x | ₹91 cr | 1.9% | 6.0% | 0.5x |
| 2022-05 | 372.5x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2022-04 | 433.1x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2022-03 | 475.6x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2022-02 | 700.6x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2022-01 | 738.1x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2021-12 | 609.4x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2021-11 | 350.0x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2021-10 | 361.3x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2021-09 | 403.1x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2021-08 | 544.4x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2021-07 | 922.5x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2021-06 | 698.8x | ₹65 cr | 0.5% | 3.0% | 0.3x |
| 2021-05 | 327.7x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2021-04 | 262.7x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2021-03 | 249.2x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2021-02 | 342.3x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2021-01 | 308.1x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2020-12 | 283.1x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2020-11 | 315.0x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2020-10 | 373.8x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2020-09 | 315.0x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2020-08 | 606.2x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2020-07 | 683.8x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2020-06 | 569.2x | ₹34 cr | 0.6% | 3.0% | 0.4x |
| 2020-05 | 53.8x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2020-04 | 46.5x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2020-03 | 37.7x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2020-02 | 54.5x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2020-01 | 54.8x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2019-12 | 47.9x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2019-11 | 51.7x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2019-10 | 37.6x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2019-09 | 30.6x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2019-08 | 38.9x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2019-07 | 38.0x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2019-06 | 37.1x | ₹51 cr | 4.2% | 9.0% | 0.4x |
| 2019-05 | 106.5x | ₹62 cr | 1.2% | 5.0% | 0.5x |
| 2019-04 | 132.4x | ₹62 cr | 1.2% | 5.0% | 0.5x |
| 2019-03 | 148.0x | ₹62 cr | 1.2% | 5.0% | 0.5x |
| 2019-02 | 225.6x | ₹62 cr | 1.2% | 5.0% | 0.5x |
| 2019-01 | 225.9x | ₹62 cr | 1.2% | 5.0% | 0.5x |