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SHIVALIK BIMETAL CONTROLS LTD (SBCL)

Non-Energy Minerals · Other Metals/Minerals · 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.78 / 100
Profitability 91Growth 60Balance sheet 82
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.36 / 100
Price 40Earnings 65FII/DII 2

Passes these screensQuality CompounderHigh MomentumDebt-light & profitable

Compare withHINDUSTAN ZINCHINDALCO INDUSTRIESNMDC

Share price

Closing priceAdjusted for splits and bonus issues.

₹998.6 latest close · +25.8% over the last 90 sessions

₹800₹1,000₹1,200Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹800₹1,000₹1,200Jul 3Sep 4Nov 9

₹998.6 month-end · +128.7% over 12 months

₹500₹750₹1,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹750₹1,000Nov '25May '26Nov '26

₹998.6 month-end · +80.9% over 3 years

₹500₹750₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹500₹750₹1,000Nov '23May '25Nov '26

₹998.6 month-end · +1129.0% since Jun '21

₹0₹500₹1,000Jun '21Jul '22Aug '23Sep '24Oct '25Nov '26 ₹0₹500₹1,000Jun '21Mar '24Nov '26

52-week range ₹368.60 to ₹1215.70 · 1-year volatility 56.1%

Was the rally earned?

+129%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 30.7x to 54.2x); per-share earnings added 40 points.
  • The share count barely moved.
Net profit growth: +40 pts. Points of the price return explained by net profit growing (or shrinking).+40 ptsNet profit growthP/E change: +89 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+89 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: +129%+129%Share priceNet profit growth: +40 pts. Points of the price return explained by net profit growing (or shrinking).+40ProfitP/E change: +89 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+89P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +129%+129%Share price
Net profit growth+40 ptsNet profit rose about 29%, which lifts the price.
P/E change+89 ptsThe P/E rose from 30.7x to 54.2x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+81%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 40 points and the multiple added 41 points (P/E 40.2x to 54.2x).
  • The share count barely moved.
Net profit growth: +40 pts. Points of the price return explained by net profit growing (or shrinking).+40 ptsNet profit growthP/E change: +41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+41 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: +81%+81%Share priceNet profit growth: +40 pts. Points of the price return explained by net profit growing (or shrinking).+40ProfitP/E change: +41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+41P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +81%+81%Share price
Net profit growth+40 ptsNet profit rose about 34%, which lifts the price.
P/E change+41 ptsThe P/E rose from 40.2x to 54.2x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+345%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 329 points to the rise, while the multiple moved less (P/E 50.7x to 54.2x).
  • The share count rose 2%.
Net profit growth: +334 pts. Points of the price return explained by net profit growing (or shrinking).+334 ptsNet profit growthP/E change: +16 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+16 ptsP/E changeShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5 ptsShare count changeShare price: +345%+345%Share priceNet profit growth: +334 pts. Points of the price return explained by net profit growing (or shrinking).+334ProfitP/E change: +16 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+16P/EShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5SharesShare price: +345%+345%Share price
Net profit growth+334 ptsNet profit rose about 324%, which lifts the price.
P/E change+16 ptsThe P/E rose from 50.7x to 54.2x, which lifts the price.
Share count change-5 ptsShare count rose 2%, which lowers 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 HINDUSTAN ZINC

How rough has the ride been?

Maximum drawdown-47.5%recovered 2026-05
1-year volatility56.1%annualised
Beta vs sector index0.743-year daily, correlation 0.33
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%20222023202420252026−47.4% 0%−20%−40%202220242026−47.4%
Largest drawdowns

-47.5% (2024-10 peak to 2026-03 low, recovered 2026-05)

-33.6% (2022-04 peak to 2022-06 low, recovered 2022-08)

-31.2% (2023-07 peak to 2024-05 low, recovered 2024-10)

Most recent volume spikes

2026-08-11: 5.1x the 50-day median, price -6.0% that day

2026-08-10: 31.1x the 50-day median, price +20.0% that day

2026-08-07: 17.1x the 50-day median, price +20.0% 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?

54.2xP/E todayNear its historic high
Against its own history86th percentile
CheapestMedian 41.5xDearest

Usual range 28.8x to 57.5x since 2021-06.

Against Non-Energy Minerals54.2x vs 21.8x
This company
54.2x
Sector median
21.8x

149% above the Non-Energy Minerals median.

14.4x35.3x56.3x77.3xJun '21Jul '22Aug '23Sep '24Oct '25Nov '2614.4x35.3x56.3x77.3xJun '21Apr '23Feb '25Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals 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 Non-Energy Minerals is valued

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

  • ROCE93rd▲ 3 pts vs a year ago
  • Op. margin90th▲ 3 pts vs a year ago
  • Revenue growth70th▲ 17 pts vs a year ago
  • EPS growth69th▲ 9 pts vs a year ago
  • Debt/equity ↓70th▼ 9 pts vs a year ago
  • Cash cycle ↓19thflat vs a year ago
  • P/E ↓16th▼ 21 pts vs a year ago
  • 12M momentum99th▲ 69 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 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 Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory

What is the price implying?

~31%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 73.5x, a holder earning 12%/yr needs earnings to grow about 30.7%/yr for 10 years, then trade at 15x.

Delivered26.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+4.2 ptsimplied minus delivered
Rank449thmost demanding of 856

Over time

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

0%20%39% Jun 2020Nov 2026 0%20%39% Jun 2020Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x32.4%33.6%34.8%
15x29.6%30.7%31.9%
20x26.0%27.1%28.3%

Drag a slider to test other assumptions

Implied: 30.7%/yr

Looking back

  • Jan 2022Price implied 34%/yr; EPS has since grown 30%/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 Non-Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹998.60
P/E
54.2x
ROCE
27.0%
Market Cap
₹5749 cr
Revenue (TTM)
₹616 cr
P/S
9.3x
P/B
11.9x
ROE
22.0%
Operating Margin
24.0%
Debt / Equity
0.1x
Promoter Holding
33.6%
12M Momentum
128.7%

52-week range

₹368.60₹1215.70
74% of the way from its 52-week low to its high

Price risk

1Y volatility
56.1%
Beta vs sector
1-year daily
0.87

Balance sheet & cash

Interest cover
operating profit ÷ interest
36.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.85x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance13%Within range

Other income as a share of pre-tax profit (trailing twelve months): 12.8%. 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 conversion0.85xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.85x (cash from operations ₹218 cr, net profit ₹257 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+19 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 19 days (99 vs 80). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress23% of fixed assetsWithin range

Capital work-in-progress is 23% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+15 days / 2 yrsWithin range

Days payable changed by +15 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, promoters trimmed 17.5 pts; DIIs added 13.1 pts; FIIs trimmed 2.1 pts.
  • The number of shareholders rose from 53,111 to 65,391 (+23%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters51.1%33.6%-17.5 pts
FIIs4.2%2.0%-2.1 pts
DIIs1.4%14.5%+13.1 pts
Public and others43.3%49.8%+6.5 pts

Number of shareholders

65,391shareholders+23% since Sep '23
53k59k65k71k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 53,111
Dec '23: 56,266
Mar '24: 61,155
Jun '24: 65,473
Sep '24: 67,848
Dec '24: 70,612
Mar '25: 69,689
Jun '25: 67,484
Sep '25: 66,293
Dec '25: 64,010
Mar '26: 60,956
Jun '26: 65,391
 53k59k65k71k Sep '23Sep '24Sep '25Jun '26
Sep '23: 53,111
Dec '23: 56,266
Mar '24: 61,155
Jun '24: 65,473
Sep '24: 67,848
Dec '24: 70,612
Mar '25: 69,689
Jun '25: 67,484
Sep '25: 66,293
Dec '25: 64,010
Mar '26: 60,956
Jun '26: 65,391

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

+0.8%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 SHIVALIK BIMETAL CONTROLS 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 −35% to +27% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (+3.0%, 80% range −19.4% to +10.5%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
VAIBHAVGBL · Apr 2021: −54.6% vs market
ANUP · Feb 2025: −52.4% vs market
AARTIDRUGS · Sep 2020: −51.9% vs market
INNOVANA · Aug 2023: −51.2% vs market
MOLDTECH · May 2023: −47.8% vs market
SAKSOFT · Oct 2023: −45.4% vs market
RAJRATAN · Sep 2022: −44.9% vs market
MIDHANI · Jun 2020: −42.5% vs market
MARKSANS · Oct 2024: −38.7% vs market
GOLDIAM · Oct 2021: −38.3% vs market
OAL · Apr 2021: −37.4% vs market
INFOBEAN · Mar 2022: −34.8% vs market
RAILTEL · Feb 2024: −34.7% vs market
ADVENZYMES · Nov 2020: −34.2% vs market
RHIM · Jan 2023: −33.1% vs market
ASTEC · Oct 2020: −30.8% vs market
VIMTALABS · Oct 2025: −29.4% vs market
FCL · Oct 2022: −25.4% vs market
ACE · Apr 2024: −24.3% vs market
IONEXCHANG · Aug 2023: −22.3% vs market
PRINCEPIPE · May 2021: −19.7% vs market
NEULANDLAB · Jan 2025: −11.5% vs market
KPRMILL · Feb 2022: −8.1% vs market
ELGIEQUIP · Oct 2022: −5.0% vs market
AGIIL · Oct 2025: −2.5% vs market
TRITURBINE · Jun 2023: +4.1% vs market
BALAMINES · May 2021: +5.9% vs market
VIDHIING · Aug 2021: +7.2% vs market
EMUDHRA · Mar 2024: +8.7% vs market
KIRLOSBROS · Jun 2024: +8.8% vs market
AURIONPRO · Apr 2024: +12.2% vs market
NEWGEN · Feb 2024: +14.9% vs market
ELECON · Dec 2023: +16.4% vs market
SHAKTIPUMP · Aug 2024: +17.5% vs market
TI · Sep 2025: +19.9% vs market
MASTEK · May 2021: +22.3% vs market
BLS · Mar 2023: +27.1% vs market
DATAPATTNS · Feb 2023: +27.4% vs market
ALKYLAMINE · Jan 2021: +28.7% vs market
GODFRYPHLP · Oct 2024: +35.9% vs market
THYROCARE · Sep 2025: +37.3% vs market
COFORGE · May 2020: +39.6% vs market
POLYMED · Nov 2020: +50.1% vs market
KRN · Oct 2025: +54.0% vs market
KPITTECH · Oct 2022: +56.4% vs market
SHAILY · Jun 2025: +73.7% vs market
GRSE · May 2024: +108.7% vs market
SAREGAMA · Mar 2021: +145.0% vs market
ACUTAAS · Sep 2025: +147.5% vs market
OBSCP · Oct 2025: +177.3% vs market
Similar setups +0.8%All companies −2.2%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
+0.8%
All companies' median
−2.2%
Beat the market
50% vs 48%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
NEULANDLAB
Health Technology		 Jan 2025 65x33% +120%−21% −12%
MIDHANI
Non-Energy Minerals		 Jun 2020 26x20% +71%−14% −43%
NEWGEN
Technology Services		 Feb 2024 67x24% +288%−6% +15%
BALAMINES
Process Industries		 May 2021 87x18% +596%−3% +6%
RAILTEL
Communications		 Feb 2024 67x— +310%−5% −35%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SAKSOFT
Technology Services		 Oct 2023 49x28% +266%−4% −45%
EMUDHRA
Technology Services		 Mar 2024 96x24% +252%−7% +9%
ADVENZYMES
Consumer Non-Durables		 Nov 2020 31x22% +113%−7% −34%
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, size and P/E. 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 SHIVALIK BIMETAL CONTROLS 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.

BLISS GVS PHARMABLISSGVS
Health Technology
66%similar
promoter holdingrevenue growth
ADF FOODSADFFOODS
Consumer Non-Durables
61%similar
promoter holdingrevenue
BAJAJ CONSUMER CAREBAJAJCON
Consumer Non-Durables
60%similar
operating marginmarket cap
NRB BEARINGSNRBBEARING
Producer Manufacturing
54%similar
revenue growthdebt/equity
RAMCO SYSTEMSRAMCOSYS
Technology Services
52%similar
debt/equityrevenue
STEELCASTSTEELCAS
Non-Energy Minerals
51%similar
EPS growthoperating margin
VENUS PIPES TUBESVENUSPIPES
Non-Energy Minerals
43%similar
market capROCE
STYLAM INDUSTRIESSTYLAMIND
Non-Energy Minerals
35%similar
ROCEmarket cap

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

What changed?

30 events since Jun '23

  1. SepInstitutionsFII + DII holding fell 5.7 pts over 2 quarters to 16.6%.
  2. AugValuationP/E crossed above the 90th percentile of its own history to date (64.3x).
  3. AugPriceVolume reached 31.1x its 50-day median on 2026-08-10; price +20.0% that day.
  4. MayPriceRegained the 2024-10 peak, 2 months after the low.
  5. AprPriceVolume reached 37.8x its 50-day median on 2026-04-24; price +13.0% that day.
  6. MarPriceFell 48% from the Oct 2024 peak to the Mar 2026 low.
  7. FebPriceVolume reached 9.3x its 50-day median on 2026-02-03; price +16.8% that day.
  8. DecValuationP/E fell below the 10th percentile of its own history to date (28.5x).
Show 22 earlier events
  1. SepResultsYear-on-year EPS growth turned positive.
  2. SepPeer rankMoved into the 2nd quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).
  3. AugPriceVolume reached 33.1x its 50-day median on 2025-08-14; price +5.2% that day.
  4. JunResultsYear-on-year EPS growth turned negative.
  5. JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on EPS growth (from the 2nd quartile).
  6. JunPriceVolume reached 8.3x its 50-day median on 2025-06-27; price +5.9% that day.
  7. MarPeer rankMoved into the 2nd quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).
  8. FebValuationP/E fell below the 10th percentile of its own history to date (29.1x).
  9. FebPriceVolume reached 8.1x its 50-day median on 2025-02-28; price -6.3% that day.
  10. DecPromoterPromoter holding fell 18.0 pts to 33.2%.
  11. DecInstitutionsFII + DII holding rose 18.9 pts over 1 quarter to 24.0%.
  12. OctPriceRegained the 2023-07 peak, 5 months after the low.
  13. OctPriceVolume reached 7.1x its 50-day median on 2024-10-10; price +7.4% that day.
  14. SepPeer rankMoved into the top quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
  15. JulPriceVolume reached 14.5x its 50-day median on 2024-07-12; price +4.7% that day.
  16. JunResultsRevenue (TTM) reached a new high of ₹509 cr.
  17. JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on EPS growth (from the top quartile).
  18. JunPriceVolume reached 22.6x its 50-day median on 2024-06-26; price +8.1% that day.
  19. MayPriceFell 31% from the Jul 2023 peak to the May 2024 low.
  20. JanPriceVolume reached 15.3x its 50-day median on 2024-01-01; price +8.5% that day.
  21. AugPriceVolume reached 70.6x its 50-day median on 2023-08-07; price -6.8% that day.
  22. JunResultsRevenue (TTM) reached a new high of ₹470 cr.

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 history66 months · 2021-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1154.2x₹616 cr22.0%27.0%0.1x
2026-1055.1x₹616 cr22.0%27.0%0.1x
2026-0958.2x₹616 cr22.0%27.0%0.1x
2026-0864.3x₹571 cr19.9%27.0%0.1x
2026-0745.1x₹571 cr19.9%27.0%0.1x
2026-0645.7x₹571 cr19.9%27.0%0.1x
2026-0547.0x₹540 cr22.4%26.0%0.1x
2026-0437.8x₹540 cr22.4%26.0%0.1x
2026-0324.6x₹540 cr22.4%26.0%0.1x
2026-0229.8x₹529 cr21.4%26.0%0.1x
2026-0128.2x₹529 cr21.4%26.0%0.1x
2025-1228.5x₹529 cr21.4%26.0%0.1x
2025-1130.7x₹519 cr20.2%26.0%0.1x
2025-1033.7x₹519 cr20.2%26.0%0.1x
2025-0935.1x₹519 cr20.2%26.0%0.1x
2025-0836.4x₹508 cr19.0%26.0%0.1x
2025-0739.7x₹508 cr19.0%26.0%0.1x
2025-0641.8x₹508 cr19.0%26.0%0.1x
2025-0535.0x₹504 cr24.0%33.0%0.1x
2025-0430.9x₹504 cr24.0%33.0%0.1x
2025-0332.6x₹504 cr24.0%33.0%0.1x
2025-0229.1x₹507 cr23.7%33.0%0.1x
2025-0137.1x₹507 cr23.7%33.0%0.1x
2024-1241.3x₹507 cr23.7%33.0%0.1x
2024-1139.5x₹508 cr23.7%33.0%0.1x
2024-1047.0x₹508 cr23.7%33.0%0.1x
2024-0946.1x₹508 cr23.7%33.0%0.1x
2024-0838.9x₹509 cr24.6%33.0%0.1x
2024-0744.0x₹509 cr24.6%33.0%0.1x
2024-0639.8x₹509 cr24.6%33.0%0.1x
2024-0536.9x₹470 cr29.7%38.0%0.2x
2024-0441.8x₹470 cr29.7%38.0%0.2x
2024-0337.8x₹470 cr29.7%38.0%0.2x
2024-0239.3x₹470 cr29.7%38.0%0.2x
2024-0142.9x₹470 cr29.7%38.0%0.2x
2023-1240.1x₹470 cr29.7%38.0%0.2x
2023-1140.2x₹470 cr29.7%38.0%0.2x
2023-1037.7x₹470 cr29.7%38.0%0.2x
2023-0938.7x₹470 cr29.7%38.0%0.2x
2023-0842.8x₹470 cr29.7%38.0%0.2x
2023-0751.1x₹470 cr29.7%38.0%0.2x
2023-0645.0x₹470 cr29.7%38.0%0.2x
2023-0553.6x₹324 cr28.6%36.0%0.3x
2023-0451.3x₹324 cr28.6%36.0%0.3x
2023-0353.7x₹324 cr28.6%36.0%0.3x
2023-0242.6x₹324 cr28.6%36.0%0.3x
2023-0140.1x₹324 cr28.6%36.0%0.3x
2022-1242.5x₹324 cr28.6%36.0%0.3x
2022-1142.9x₹324 cr28.6%36.0%0.3x
2022-1045.3x₹324 cr28.6%36.0%0.3x
2022-0948.0x₹324 cr28.6%36.0%0.3x
2022-0841.7x₹324 cr28.6%36.0%0.3x
2022-0729.2x₹324 cr28.6%36.0%0.3x
2022-0627.5x₹324 cr28.6%36.0%0.3x
2022-0563.9x₹204 cr17.9%23.0%0.2x
2022-0476.9x₹204 cr17.9%23.0%0.2x
2022-0377.3x₹204 cr17.9%23.0%0.2x
2022-0261.8x₹204 cr17.9%23.0%0.2x
2022-0164.3x₹204 cr17.9%23.0%0.2x
2021-1256.7x₹204 cr17.9%23.0%0.2x
2021-1150.7x₹204 cr17.9%23.0%0.2x
2021-1042.9x₹204 cr17.9%23.0%0.2x
2021-0941.3x₹204 cr17.9%23.0%0.2x
2021-0826.0x₹204 cr17.9%23.0%0.2x
2021-0720.0x₹204 cr17.9%23.0%0.2x
2021-0618.3x₹204 cr17.9%23.0%0.2x

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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