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SARLA PERFORMANCE FIBERS LTD (SARLAPOLY)

Process Industries

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.44 / 100
Profitability 67Growth 25Balance sheet 39
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.45 / 100
Price 58Earnings 39FII/DII 38
Compare withVARDHMAN TEXTILES LIMTEDARVIND LIMITEDTRIDENT LTD

Passes these screens: Cash Rich · Promoters buying

Share Price
₹93.17
P/E
202.5x
ROCE
10.0%
Market Cap
₹741 cr
Revenue (TTM)
₹412 cr
P/S
1.8x
P/B
1.7x
ROE
0.8%
Operating Margin
24.0%
Debt / Equity
0.6x
Promoter Holding
60.0%
12M Momentum
1.3%
P/E vs its own history99th percentilesince Jan '19
P/E vs Process Industries11.3xthe sector median

52-week range

₹68.40₹111.00
58% of the way from its 52-week low to its high

Price risk

1Y volatility
38.9%
Beta vs sector
1-year daily
1.21

Balance sheet & cash

Interest cover
operating profit ÷ interest
1.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.04x
Share count, 1Y
unchanged

Was the rally earned?

+1%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (+1%).
  • The share count barely moved.
1 year Net profit growth: -290 pts. Points of the price return explained by net profit growing (or shrinking).-290 ptsP/E change: +291 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+291 ptsShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price. +1% 1 year Net profit growth: -290 pts. Points of the price return explained by net profit growing (or shrinking).-290 ptsP/E change: +291 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+291 ptsShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price. +1%
Net profit growth-290 ptsNet profit fell about 94%, which lowers the price.
P/E change+291 ptsThe P/E rose from 11.3x to 202.5x, which lifts the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+100%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 18.2x to 202.5x); per-share earnings took off 248 points.
  • The share count barely moved.
3 years Net profit growth: -246 pts. Points of the price return explained by net profit growing (or shrinking).-246 ptsP/E change: +348 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+348 ptsShare count change: -1 pts. Points of the price return explained by the share count changing. More shares count against the price. +100% 3 years Net profit growth: -246 pts. Points of the price return explained by net profit growing (or shrinking).-246 ptsP/E change: +348 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+348 ptsShare count change: -1 pts. Points of the price return explained by the share count changing. More shares count against the price. +100%
Net profit growth-246 ptsNet profit fell about 82%, which lowers the price.
P/E change+348 ptsThe P/E rose from 18.2x to 202.5x, which lifts the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+80%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 16.5x to 202.5x); per-share earnings took off 262 points.
  • The share count fell 4%.
5 years Net profit growth: -267 pts. Points of the price return explained by net profit growing (or shrinking).-267 ptsP/E change: +342 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+342 ptsShare count change: +5 pts. Points of the price return explained by the share count changing. More shares count against the price. +80% 5 years Net profit growth: -267 pts. Points of the price return explained by net profit growing (or shrinking).-267 ptsP/E change: +342 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+342 ptsShare count change: +5 pts. Points of the price return explained by the share count changing. More shares count against the price. +80%
Net profit growth-267 ptsNet profit fell about 86%, which lowers the price.
P/E change+342 ptsThe P/E rose from 16.5x to 202.5x, which lifts the price.
Share count change+5 ptsShare count fell 4%, which lifts 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 VARDHMAN TEXTILES LIMTED

Is it expensive against its own past and its peers?

202.5xP/E todayNear its historic high
Against its own history99th percentileMedian 11.0x; usual range 6.0x to 22.7x since 2019-01.
Against Process Industries202.5x vs 18.0xAbove the Process Industries median.
4.3x70.9x137.6x204.3xJan '19Aug '20Mar '22Oct '23May '25Oct '264.3x70.9x137.6x204.3xJan '19Aug '21Mar '24Oct '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; dashed 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

What is the price implying?

~18%annual earnings growth implied by the price

At a P/E of 24.9x, the price would imply about 17.8%/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 Process Industries The market-wide Expectations lists

What changed?

  1. Sep '26Promoter holding rose 2.9 pts to 60.0% (largest rise in the history since 2019-01).
  2. Sep '26EPS (TTM) turned positive.
  3. Sep '26P/E crossed above the 90th percentile of its own history to date (204.3x).
  4. Sep '26Moved into the top quartile of Process Industries on operating margin (from the bottom quartile).
  5. Aug '26Volume reached 5.3x its 50-day median on 2026-08-06; price -0.2% that day.
  6. Jun '26EPS (TTM) turned negative.
  7. Jun '26Slipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
  8. Jun '26Dividend payout cut from 40% to -127% of profit.
Show 22 earlier events
  1. Apr '26Volume reached 9.4x its 50-day median on 2026-04-23; price -8.7% that day.
  2. Mar '26Year-on-year EPS growth turned negative.
  3. Mar '26Fell 46% from the Dec 2024 peak to the Mar 2026 low.
  4. Mar '26Slipped to the bottom quartile of Process Industries on operating margin (from the top quartile).
  5. Feb '26Volume reached 13.9x its 50-day median on 2026-02-05; price -13.0% that day.
  6. Dec '25Moved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
  7. Sep '25Slipped to the 2nd quartile of Process Industries on operating margin (from the top quartile).
  8. Jun '25Moved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
  9. Jun '25Started paying a dividend (payout 40% of profit).
  10. Apr '25Volume reached 19.0x its 50-day median on 2025-04-29; price +10.9% that day.
  11. Mar '25Revenue (TTM) reached a new high of ₹433 cr.
  12. Dec '24Regained the 2024-07 peak, 2 months after the low.
  13. Dec '24Volume reached 37.8x its 50-day median on 2024-12-11; price +7.5% that day.
  14. Oct '24Fell 27% from the Jul 2024 peak to the Oct 2024 low.
  15. Jun '24Year-on-year EPS growth turned positive.
  16. Jun '24Moved into the 3rd quartile of Process Industries on ROCE (from the bottom quartile).
  17. May '24Regained the 2022-01 peak, 14 months after the low.
  18. May '24Volume reached 26.4x its 50-day median on 2024-05-06; price +13.5% that day.
  19. Jan '24Volume reached 41.1x its 50-day median on 2024-01-10; price +12.5% that day.
  20. Dec '23Volume reached 30.1x its 50-day median on 2023-12-18; price +15.6% that day.
  21. Nov '23P/E crossed above the 90th percentile of its own history to date (18.8x).
  22. Sep '23Volume reached 40.2x its 50-day median on 2023-09-05; price +19.5% 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

Are profits backed by cash?

6 of 7 checks are within range, 1 near a threshold.
Tap a check to see how it is measured.

Other income reliance-100%Within range

Other income as a share of pre-tax profit (trailing twelve months): -100.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate21%Within range

Median quarterly effective tax rate over about 2.5 years: 21.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion2.04xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.04x (cash from operations ₹167 cr, net profit ₹82 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

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

Receivable days vs history+23 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 23 days (104 vs 81). Bands: under 15 days, 15 to 45, over 45.

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+2 days / 2 yrsWithin range

Days payable changed by +2 over two years. Bands: rise of up to 30 days; more than 30 days.

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, promoters added 3.5 pts; DIIs added 0.7 pts.
  • The number of shareholders rose from 27,359 to 33,144 (+21%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters56.5%60.0%+3.5 pts
FIIs0.7%0.6%0.0 pts
DIIs0.0%0.7%+0.7 pts
Public and others42.9%38.7%-4.2 pts

Number of shareholders

33,144shareholders+21% since Dec '23
27k32k36k40k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 27,359
Mar '24: 28,342
Jun '24: 36,973
Sep '24: 40,182
Dec '24: 39,212
Mar '25: 38,197
Jun '25: 37,155
Sep '25: 36,942
Dec '25: 35,815
Mar '26: 35,180
Jun '26: 33,144
 27k32k36k40k Dec '23Dec '24Dec '25Jun '26
Dec '23: 27,359
Mar '24: 28,342
Jun '24: 36,973
Sep '24: 40,182
Dec '24: 39,212
Mar '25: 38,197
Jun '25: 37,155
Sep '25: 36,942
Dec '25: 35,815
Mar '26: 35,180
Jun '26: 33,144

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

How rough has the ride been?

Maximum drawdown-64.4%recovered 2021-05
1-year volatility38.9%annualised
Beta vs sector index1.413-year daily, correlation 0.47
Volume spikes1last 90 sessions, 5x the 50-day median

Monthly share price

₹13₹48₹82₹117 Jan '19Aug '20Mar '22Oct '23May '25Oct '26
2019-01: ₹28.05
2019-02: ₹24.60
2019-03: ₹25.65
2019-04: ₹24.50
2019-05: ₹28.20
2019-06: ₹26.95
2019-07: ₹23.65
2019-08: ₹24.35
2019-09: ₹22.10
2019-10: ₹21.00
2019-11: ₹20.75
2019-12: ₹21.00
2020-01: ₹24.40
2020-02: ₹19.60
2020-03: ₹13.05
2020-04: ₹14.55
2020-05: ₹13.30
2020-06: ₹18.15
2020-07: ₹15.85
2020-08: ₹17.35
2020-09: ₹18.00
2020-10: ₹17.10
2020-11: ₹19.25
2020-12: ₹24.05
2021-01: ₹25.60
2021-02: ₹27.00
2021-03: ₹24.10
2021-04: ₹25.95
2021-05: ₹34.90
2021-06: ₹36.85
2021-07: ₹40.95
2021-08: ₹43.35
2021-09: ₹48.85
2021-10: ₹51.70
2021-11: ₹55.20
2021-12: ₹63.80
2022-01: ₹71.30
2022-02: ₹56.00
2022-03: ₹56.65
2022-04: ₹57.90
2022-05: ₹49.55
2022-06: ₹46.10
2022-07: ₹49.85
2022-08: ₹54.80
2022-09: ₹47.55
2022-10: ₹46.50
2022-11: ₹45.20
2022-12: ₹44.15
2023-01: ₹41.40
2023-02: ₹37.35
2023-03: ₹33.40
2023-04: ₹38.65
2023-05: ₹37.20
2023-06: ₹48.65
2023-07: ₹48.95
2023-08: ₹48.05
2023-09: ₹49.35
2023-10: ₹46.55
2023-11: ₹48.05
2023-12: ₹56.70
2024-01: ₹62.25
2024-02: ₹65.05
2024-03: ₹53.65
2024-04: ₹66.20
2024-05: ₹80.25
2024-06: ₹103.34
2024-07: ₹113.54
2024-08: ₹92.41
2024-09: ₹84.88
2024-10: ₹93.80
2024-11: ₹105.07
2024-12: ₹112.27
2025-01: ₹89.40
2025-02: ₹73.62
2025-03: ₹74.21
2025-04: ₹105.41
2025-05: ₹117.02
2025-06: ₹113.26
2025-07: ₹114.22
2025-08: ₹101.40
2025-09: ₹94.59
2025-10: ₹91.95
2025-11: ₹91.31
2025-12: ₹90.31
2026-01: ₹89.57
2026-02: ₹84.09
2026-03: ₹69.68
2026-04: ₹90.61
2026-05: ₹99.00
2026-06: ₹98.14
2026-07: ₹98.87
2026-08: ₹100.01
2026-09: ₹93.96
2026-10: ₹93.17
 ₹13₹48₹82₹117 Jan '19Aug '21Mar '24Oct '26
2019-01: ₹28.05
2019-02: ₹24.60
2019-03: ₹25.65
2019-04: ₹24.50
2019-05: ₹28.20
2019-06: ₹26.95
2019-07: ₹23.65
2019-08: ₹24.35
2019-09: ₹22.10
2019-10: ₹21.00
2019-11: ₹20.75
2019-12: ₹21.00
2020-01: ₹24.40
2020-02: ₹19.60
2020-03: ₹13.05
2020-04: ₹14.55
2020-05: ₹13.30
2020-06: ₹18.15
2020-07: ₹15.85
2020-08: ₹17.35
2020-09: ₹18.00
2020-10: ₹17.10
2020-11: ₹19.25
2020-12: ₹24.05
2021-01: ₹25.60
2021-02: ₹27.00
2021-03: ₹24.10
2021-04: ₹25.95
2021-05: ₹34.90
2021-06: ₹36.85
2021-07: ₹40.95
2021-08: ₹43.35
2021-09: ₹48.85
2021-10: ₹51.70
2021-11: ₹55.20
2021-12: ₹63.80
2022-01: ₹71.30
2022-02: ₹56.00
2022-03: ₹56.65
2022-04: ₹57.90
2022-05: ₹49.55
2022-06: ₹46.10
2022-07: ₹49.85
2022-08: ₹54.80
2022-09: ₹47.55
2022-10: ₹46.50
2022-11: ₹45.20
2022-12: ₹44.15
2023-01: ₹41.40
2023-02: ₹37.35
2023-03: ₹33.40
2023-04: ₹38.65
2023-05: ₹37.20
2023-06: ₹48.65
2023-07: ₹48.95
2023-08: ₹48.05
2023-09: ₹49.35
2023-10: ₹46.55
2023-11: ₹48.05
2023-12: ₹56.70
2024-01: ₹62.25
2024-02: ₹65.05
2024-03: ₹53.65
2024-04: ₹66.20
2024-05: ₹80.25
2024-06: ₹103.34
2024-07: ₹113.54
2024-08: ₹92.41
2024-09: ₹84.88
2024-10: ₹93.80
2024-11: ₹105.07
2024-12: ₹112.27
2025-01: ₹89.40
2025-02: ₹73.62
2025-03: ₹74.21
2025-04: ₹105.41
2025-05: ₹117.02
2025-06: ₹113.26
2025-07: ₹114.22
2025-08: ₹101.40
2025-09: ₹94.59
2025-10: ₹91.95
2025-11: ₹91.31
2025-12: ₹90.31
2026-01: ₹89.57
2026-02: ₹84.09
2026-03: ₹69.68
2026-04: ₹90.61
2026-05: ₹99.00
2026-06: ₹98.14
2026-07: ₹98.87
2026-08: ₹100.01
2026-09: ₹93.96
2026-10: ₹93.17

Last 90 trading days

₹90₹96₹101₹107 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹98.64
2026-06-25: ₹99.49
2026-06-30: ₹98.14
2026-07-02: ₹103.68
2026-07-06: ₹107.08
2026-07-08: ₹100.80
2026-07-10: ₹102.74
2026-07-14: ₹102.56
2026-07-16: ₹98.01
2026-07-20: ₹99.87
2026-07-22: ₹102.13
2026-07-24: ₹100.01
2026-07-28: ₹98.64
2026-07-30: ₹97.84
2026-08-03: ₹101.51
2026-08-05: ₹102.36
2026-08-07: ₹101.75
2026-08-11: ₹100.89
2026-08-13: ₹101.55
2026-08-17: ₹101.61
2026-08-19: ₹100.10
2026-08-21: ₹97.89
2026-08-25: ₹101.20
2026-08-27: ₹100.41
2026-08-31: ₹100.01
2026-09-02: ₹102.46
2026-09-04: ₹100.20
2026-09-08: ₹101.47
2026-09-10: ₹101.31
2026-09-15: ₹96.70
2026-09-17: ₹96.49
2026-09-21: ₹98.68
2026-09-23: ₹100.03
2026-09-25: ₹100.29
2026-09-29: ₹95.67
2026-10-01: ₹92.02
2026-10-06: ₹96.44
2026-10-08: ₹93.69
2026-10-12: ₹94.79
2026-10-14: ₹98.92
2026-10-16: ₹96.38
2026-10-21: ₹90.26
2026-10-23: ₹91.03
2026-10-27: ₹91.52
2026-10-29: ₹96.18
2026-10-30: ₹93.17
 ₹90₹96₹101₹107 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹98.64
2026-06-25: ₹99.49
2026-06-30: ₹98.14
2026-07-02: ₹103.68
2026-07-06: ₹107.08
2026-07-08: ₹100.80
2026-07-10: ₹102.74
2026-07-14: ₹102.56
2026-07-16: ₹98.01
2026-07-20: ₹99.87
2026-07-22: ₹102.13
2026-07-24: ₹100.01
2026-07-28: ₹98.64
2026-07-30: ₹97.84
2026-08-03: ₹101.51
2026-08-05: ₹102.36
2026-08-07: ₹101.75
2026-08-11: ₹100.89
2026-08-13: ₹101.55
2026-08-17: ₹101.61
2026-08-19: ₹100.10
2026-08-21: ₹97.89
2026-08-25: ₹101.20
2026-08-27: ₹100.41
2026-08-31: ₹100.01
2026-09-02: ₹102.46
2026-09-04: ₹100.20
2026-09-08: ₹101.47
2026-09-10: ₹101.31
2026-09-15: ₹96.70
2026-09-17: ₹96.49
2026-09-21: ₹98.68
2026-09-23: ₹100.03
2026-09-25: ₹100.29
2026-09-29: ₹95.67
2026-10-01: ₹92.02
2026-10-06: ₹96.44
2026-10-08: ₹93.69
2026-10-12: ₹94.79
2026-10-14: ₹98.92
2026-10-16: ₹96.38
2026-10-21: ₹90.26
2026-10-23: ₹91.03
2026-10-27: ₹91.52
2026-10-29: ₹96.18
2026-10-30: ₹93.17

Drawdown from peak

0% -31% -63% Jan '19Dec '22Oct '26 0% -31% -63% Jan '19Dec '22Oct '26
Largest drawdowns

-64.4% (2019-01 peak to 2020-03 low, recovered 2021-05)

-55.3% (2022-01 peak to 2023-03 low, recovered 2024-05)

-45.5% (2024-12 peak to 2026-03 low, not yet recovered)

Most recent volume spikes

2026-08-06: 5.3x the 50-day median, price -0.2% 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).

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).

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '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 else looks like this?

Companies with the most similar financial profile today, regardless of industry.

CompanySectorSimilarityClosest on
STANLEY LIFESTYLES (STANLEY)Consumer Durables73%revenue, market cap
BAJAJ HEALTHCARE (BAJAJHCARE)Health Technology72%EPS growth, promoter holding
PVP VENTURES (PVP)Technology Services70%P/E, EPS growth
LOKESH MACHINES (LOKESHMACH)Technology Services69%P/E, market cap
AMANTA HEALTHCARE (AMANTA)Health Technology62%market cap, operating margin
TARSONS PRODUCTS (TARSONS)Process Industries54%debt/equity, revenue
FAIRCHEM ORGANICS (FAIRCHEMOR)Process Industries45%market cap, EPS growth
SULA VINEYARDS (SULA)Process Industries43%revenue growth, EPS growth

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

What happened next to similar setups

+1.8%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 SARLA PERFORMANCE FIBERS 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 −29% to +39% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (+7.1%, 80% range −16.0% to +15.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
LEMERITE · Jul 2025: −66.0% vs market
CAPACITE · Jul 2021: −55.9% vs market
HIKAL · Feb 2025: −52.5% vs market
ASIANTILES · Mar 2020: −50.4% vs market
MAHLOG · Aug 2021: −41.5% vs market
SINTERCOM · Dec 2024: −40.7% vs market
VIPCLOTHNG · Sep 2023: −40.7% vs market
DYNPRO · Nov 2024: −40.3% vs market
SAPPHIRE · Apr 2025: −39.1% vs market
DECCANCE · Jun 2025: −34.9% vs market
KOTARISUG · Jan 2024: −34.1% vs market
KHADIM · Jul 2024: −32.9% vs market
BIRLACORPN · Nov 2023: −29.0% vs market
EVEREADY · Aug 2023: −26.8% vs market
RAMCOCEM · Oct 2025: −25.9% vs market
HCG · Aug 2023: −25.1% vs market
JKLAKSHMI · Jan 2020: −25.1% vs market
ASALCBR · Sep 2022: −22.4% vs market
MHRIL · Jan 2020: −21.9% vs market
GANECOS · Aug 2024: −20.5% vs market
TDPOWERSYS · Jan 2020: −19.7% vs market
NUVOCO · Jun 2025: −14.5% vs market
BUTTERFLY · Jun 2022: −14.4% vs market
SHANKARA · May 2022: −6.3% vs market
AVIANSH · Sep 2025: +0.6% vs market
YASHO · May 2025: +3.0% vs market
DREDGECORP · Nov 2022: +4.9% vs market
GMMPFAUDLR · Oct 2025: +6.6% vs market
INDIACEM · Oct 2020: +9.1% vs market
SNOWMAN · May 2023: +13.2% vs market
MANGLMCEM · Dec 2023: +13.9% vs market
SAGCEM · Oct 2020: +19.7% vs market
EIFFL · Mar 2025: +23.6% vs market
PUNJABCHEM · Apr 2021: +24.9% vs market
BLUESTARCO · May 2022: +28.9% vs market
APCL · May 2020: +34.6% vs market
YUKEN · Jul 2023: +35.5% vs market
CANTABIL · Jan 2022: +39.8% vs market
SUDARSCHEM · May 2024: +42.9% vs market
STYRENIX · Jul 2023: +49.1% vs market
DYNAMATECH · Oct 2025: +63.2% vs market
VADILALIND · Mar 2022: +64.1% vs market
KOKUYOCMLN · Nov 2022: +65.8% vs market
SIYSIL · Jun 2021: +66.8% vs market
MBAPL · Mar 2025: +68.3% vs market
VRLLOG · Aug 2021: +83.6% vs market
PARIN · May 2025: +85.6% vs market
ARTEMISMED · May 2022: +87.1% vs market
LAURUSLABS · Oct 2024: +89.2% vs market
ESTER · May 2020: +156.5% vs market
Similar setups +1.8%All companies −5.3%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
+1.8%
All companies' median
−5.3%
Beat the market
52% vs 44%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GMMPFAUDLR
Producer Manufacturing		 Oct 2025 142x13% −8%−8% +7%
VADILALIND
Consumer Non-Durables		 Mar 2022 219x7% +57%−3% +64%
SUDARSCHEM
Process Industries		 May 2024 121x6% +70%−6% +43%
STYRENIX
Process Industries		 Jul 2023 111x— +41%−2% +49%
SINTERCOM
Producer Manufacturing		 Dec 2024 423x5% +31%−8% −41%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PARIN
Consumer Durables		 May 2025 177x7% +85%−10% +86%
HCG
Health Services		 Aug 2023 175x8% +28%0% −25%
INDIACEM
Non-Energy Minerals		 Oct 2020 73x4% +41%−13% +9%
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: drawdown from 12-month high, 12-month momentum 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 SARLA PERFORMANCE FIBERS 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 2026-10-30. 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: 97,430 company-months from 2000 companies; financial: 5,632 company-months from 106 companies. 2240 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.
Monthly history (94 months)
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-10202.5x₹412 cr0.8%10.0%0.6x
2026-09204.3x₹412 cr0.8%10.0%0.6x
2026-08—₹401 cr-3.1%10.0%0.6x
2026-07—₹401 cr-3.1%10.0%0.6x
2026-06—₹401 cr-3.1%10.0%0.6x
2026-0514.0x₹398 cr11.6%15.0%0.4x
2026-0412.8x₹398 cr11.6%15.0%0.4x
2026-039.8x₹398 cr11.6%15.0%0.4x
2026-0210.4x₹411 cr13.3%15.0%0.4x
2026-0111.0x₹411 cr13.3%15.0%0.4x
2025-1211.1x₹411 cr13.3%15.0%0.4x
2025-1111.2x₹418 cr13.3%15.0%0.4x
2025-1011.3x₹418 cr13.3%15.0%0.4x
2025-0911.6x₹418 cr13.3%15.0%0.4x
2025-0813.6x₹427 cr12.3%15.0%0.4x
2025-0715.3x₹427 cr12.3%15.0%0.4x
2025-0615.2x₹427 cr12.3%15.0%0.4x
2025-0516.0x₹433 cr13.7%10.0%0.3x
2025-0414.4x₹433 cr13.7%10.0%0.3x
2025-0310.1x₹433 cr13.7%10.0%0.3x
2025-0211.0x₹427 cr12.3%10.0%0.3x
2025-0113.4x₹427 cr12.3%10.0%0.3x
2024-1216.8x₹427 cr12.3%10.0%0.3x
2024-1120.3x₹409 cr9.6%10.0%0.3x
2024-1018.1x₹409 cr9.6%10.0%0.3x
2024-0916.4x₹409 cr9.6%10.0%0.3x
2024-0823.5x₹383 cr7.2%10.0%0.3x
2024-0728.8x₹383 cr7.2%10.0%0.3x
2024-0626.2x₹383 cr7.2%10.0%0.3x
2024-0531.3x₹387 cr5.1%7.0%0.3x
2024-0425.9x₹387 cr5.1%7.0%0.3x
2024-0321.0x₹387 cr5.1%7.0%0.3x
2024-0225.4x₹387 cr5.1%7.0%0.3x
2024-0124.3x₹387 cr5.1%7.0%0.3x
2023-1222.1x₹387 cr5.1%7.0%0.3x
2023-1118.8x₹387 cr5.1%7.0%0.3x
2023-1018.2x₹387 cr5.1%7.0%0.3x
2023-0919.3x₹387 cr5.1%7.0%0.3x
2023-0818.8x₹387 cr5.1%7.0%0.3x
2023-0719.1x₹387 cr5.1%7.0%0.3x
2023-0619.0x₹387 cr5.1%7.0%0.3x
2023-056.7x₹431 cr11.4%13.0%0.3x
2023-047.0x₹431 cr11.4%13.0%0.3x
2023-036.0x₹431 cr11.4%13.0%0.3x
2023-026.7x₹431 cr11.4%13.0%0.3x
2023-017.5x₹431 cr11.4%13.0%0.3x
2022-128.0x₹431 cr11.4%13.0%0.3x
2022-118.2x₹431 cr11.4%13.0%0.3x
2022-108.4x₹431 cr11.4%13.0%0.3x
2022-098.6x₹431 cr11.4%13.0%0.3x
2022-089.9x₹431 cr11.4%13.0%0.3x
2022-079.0x₹431 cr11.4%13.0%0.3x
2022-068.3x₹431 cr11.4%13.0%0.3x
2022-0515.8x₹258 cr7.5%9.0%0.4x
2022-0418.4x₹258 cr7.5%9.0%0.4x
2022-0318.0x₹258 cr7.5%9.0%0.4x
2022-0217.8x₹258 cr7.5%9.0%0.4x
2022-0122.7x₹258 cr7.5%9.0%0.4x
2021-1220.3x₹258 cr7.5%9.0%0.4x
2021-1117.6x₹258 cr7.5%9.0%0.4x
2021-1016.5x₹258 cr7.5%9.0%0.4x
2021-0915.6x₹258 cr7.5%9.0%0.4x
2021-0813.8x₹258 cr7.5%9.0%0.4x
2021-0713.0x₹258 cr7.5%9.0%0.4x
2021-0611.7x₹258 cr7.5%9.0%0.4x
2021-059.9x₹311 cr8.8%8.0%0.8x
2021-047.4x₹311 cr8.8%8.0%0.8x
2021-036.8x₹311 cr8.8%8.0%0.8x
2021-027.7x₹311 cr8.8%8.0%0.8x
2021-017.3x₹311 cr8.8%8.0%0.8x
2020-126.8x₹311 cr8.8%8.0%0.8x
2020-115.5x₹311 cr8.8%8.0%0.8x
2020-104.9x₹311 cr8.8%8.0%0.8x
2020-095.1x₹311 cr8.8%8.0%0.8x
2020-084.9x₹311 cr8.8%8.0%0.8x
2020-074.5x₹311 cr8.8%8.0%0.8x
2020-065.2x₹311 cr8.8%8.0%0.8x
2020-054.4x₹324 cr8.6%9.0%0.8x
2020-044.8x₹324 cr8.6%9.0%0.8x
2020-034.3x₹324 cr8.6%9.0%0.8x
2020-026.4x₹324 cr8.6%9.0%0.8x
2020-018.0x₹324 cr8.6%9.0%0.8x
2019-126.9x₹324 cr8.6%9.0%0.8x
2019-116.8x₹324 cr8.6%9.0%0.8x
2019-106.9x₹324 cr8.6%9.0%0.8x
2019-097.3x₹324 cr8.6%9.0%0.8x
2019-088.0x₹324 cr8.6%9.0%0.8x
2019-077.8x₹324 cr8.6%9.0%0.8x
2019-068.9x₹324 cr8.6%9.0%0.8x
2019-059.8x₹304 cr8.4%9.0%0.8x
2019-048.5x₹304 cr8.4%9.0%0.8x
2019-038.9x₹304 cr8.4%9.0%0.8x
2019-028.5x₹304 cr8.4%9.0%0.8x
2019-019.7x₹304 cr8.4%9.0%0.8x

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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