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SHARDA CROPCHEM LIMITED (SHARDACROP)

Distribution Services · Wholesale Distributors · 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.86 / 100
Profitability 92Growth 67Balance 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.33 / 100
Price 25Earnings 63FII/DII 12

Passes these screensQuality CompounderDebt-light & profitable

Compare withADANI ENTERPRISESAEGIS LOGISTICSSCHNEIDER ELECTRIC INFRA

Share price

Closing priceAdjusted for splits and bonus issues.

₹690.5 latest close · −24.2% over the last 90 sessions

₹700₹800₹900Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹700₹800₹900Jul 3Sep 4Nov 9

₹690.5 month-end · −20.0% over 12 months

₹800₹1,000₹1,200Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹800₹1,000₹1,200Nov '25May '26Nov '26

₹690.5 month-end · +71.4% over 3 years

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

₹690.5 month-end · +118.6% since Jan '19

₹0₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹622.50 to ₹1297.00 · 1-year volatility 49.5%

Was the rally earned?

-20%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 36 points, but investors now pay less per rupee of profit (P/E 18.5x to 9.9x), which took 56 points back.
  • The share count barely moved.
Net profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36 ptsNet profit growthP/E change: −56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−56 ptsP/E changeShare price: −20%−20%Share priceNet profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36ProfitP/E change: −56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−56P/EShare price: −20%−20%Share price
Net profit growth+36 ptsNet profit rose about 49%, which lifts the price.
P/E change-56 ptsThe P/E fell from 18.5x to 9.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+71%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 80 points, but investors now pay less per rupee of profit (P/E 10.6x to 9.9x), which took 9 points back.
  • The share count barely moved.
Net profit growth: +80 pts. Points of the price return explained by net profit growing (or shrinking).+80 ptsNet profit growthP/E change: −9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−9 ptsP/E changeShare price: +71%+71%Share priceNet profit growth: +80 pts. Points of the price return explained by net profit growing (or shrinking).+80ProfitP/E change: −9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−9P/EShare price: +71%+71%Share price
Net profit growth+80 ptsNet profit rose about 83%, which lifts the price.
P/E change-9 ptsThe P/E fell from 10.6x to 9.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+120%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 153 points, but investors now pay less per rupee of profit (P/E 12.4x to 9.9x), which took 33 points back.
  • The share count barely moved.
Net profit growth: +153 pts. Points of the price return explained by net profit growing (or shrinking).+153 ptsNet profit growthP/E change: −33 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−33 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: +120%+120%Share priceNet profit growth: +153 pts. Points of the price return explained by net profit growing (or shrinking).+153ProfitP/E change: −33 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−33P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +120%+120%Share price
Net profit growth+153 ptsNet profit rose about 174%, which lifts the price.
P/E change-33 ptsThe P/E fell from 12.4x to 9.9x, which lowers 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 ADANI ENTERPRISES

How rough has the ride been?

Maximum drawdown-75.3%recovered 2022-01
1-year volatility49.5%annualised
Beta vs sector index0.403-year daily, correlation 0.28
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−74.5% 0%−25%−50%−75%2020202220242026−74.5%
Largest drawdowns

-75.3% (2019-05 peak to 2020-03 low, recovered 2022-01)

-57.1% (2022-05 peak to 2024-03 low, recovered 2024-10)

-49.8% (2026-02 peak to 2026-10 low, not yet recovered)

Most recent volume spikes

2026-10-30: 6.5x the 50-day median, price -2.5% that day

2026-07-29: 5.3x the 50-day median, price -6.0% 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?

9.9xP/E todayNear its historic low
Against its own history9th percentile
CheapestMedian 14.4xDearest

Usual range 10.2x to 27.8x since 2019-01.

Against Distribution Services9.9x vs 16.7x
This company
9.9x
Sector median
16.7x

41% below the Distribution Services median.

5.5x57.3x109.0x160.8xJan '19Aug '20Mar '22Oct '23May '25Nov '265.5x57.3x109.0x160.8xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianDistribution Services median

The chart loads when you open this tab.

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

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P/S (this company)10th to 90th percentile of its own historyIts medianDistribution Services 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 Distribution Services is valued

Where does it rank among Distribution Services peers?

Each cell is the company's percentile rank among its Distribution Services 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

  • ROCE97th▲ 19 pts vs a year ago
  • Op. margin86th▼ 8 pts vs a year ago
  • Revenue growth66th▼ 22 pts vs a year ago
  • EPS growth76th▼ 11 pts vs a year ago
  • Debt/equity ↓97th▲ 6 pts vs a year ago
  • Cash cycle ↓39th▲ 6 pts vs a year ago
  • P/E ↓75th▲ 15 pts vs a year ago
  • 12M momentum46th▼ 43 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 Distribution Services sector page Watch it move against Distribution Services in the Observatory

What is the price implying?

~13%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 18.2x, a holder earning 12%/yr needs earnings to grow about 12.8%/yr for 10 years, then trade at 15x.

Delivered9.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+3.8 ptsimplied minus delivered
Rank459thmost demanding of 856

Over time

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

-1%11%23% Jan 2019Nov 2026 -1%11%23% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x14.2%15.2%16.2%
15x11.8%12.8%13.8%
20x8.8%9.8%10.8%

Drag a slider to test other assumptions

Implied: 12.8%/yr

Looking back

  • Jan 2020Price implied 8%/yr; EPS has since grown 21%/yr (7.0 yrs)
  • Jan 2021Price implied 10%/yr; EPS has since grown 27%/yr (6.0 yrs)
  • Jan 2022Price implied 18%/yr; EPS has since grown 24%/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 Distribution Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹690.50
P/E
9.9x
ROCE
30.0%
Market Cap
₹6230 cr
Revenue (TTM)
₹5357 cr
P/S
1.2x
P/B
2.0x
ROE
20.0%
Operating Margin
17.0%
Debt / Equity
0.0x
Promoter Holding
74.8%
12M Momentum
-20.0%

52-week range

₹622.50₹1297.00
10% of the way from its 52-week low to its high

Price risk

1Y volatility
49.5%
Beta vs sector
1-year daily
0.43

Balance sheet & cash

Interest cover
operating profit ÷ interest
100.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.57x
Share count, 1Y
unchanged

Are profits backed by cash?

7 of 7checks within rangeAll clear
Other income reliance13%Within range

Other income as a share of pre-tax profit (trailing twelve months): 13.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate19%Within range

Median quarterly effective tax rate over about 2.5 years: 19.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.57xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.57x (cash from operations ₹1,601 cr, net profit ₹1,017 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+1 daysWithin range

Debtor days are above the median of the previous three fiscal years by 1 days (166 vs 165). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress25% of fixed assetsWithin range

Capital work-in-progress is 25% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+18 days / 2 yrsWithin range

Days payable changed by +18 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 2 years, DIIs trimmed 3.2 pts; FIIs added 1.1 pts.
  • The number of shareholders rose from 56,858 to 63,572 (+12%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters74.8%74.8%0.0 pts
FIIs2.1%3.1%+1.1 pts
DIIs12.4%9.2%-3.2 pts
Public and others10.7%12.9%+2.2 pts

Number of shareholders

63,572shareholders+12% since Dec '23
48k55k61k67k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 56,858
Mar '24: 61,075
Jun '24: 54,436
Sep '24: 48,353
Dec '24: 58,717
Mar '25: 51,187
Jun '25: 62,030
Sep '25: 67,290
Dec '25: 65,567
Mar '26: 61,155
Jun '26: 63,572
 48k55k61k67k Dec '23Dec '24Dec '25Jun '26
Dec '23: 56,858
Mar '24: 61,075
Jun '24: 54,436
Sep '24: 48,353
Dec '24: 58,717
Mar '25: 51,187
Jun '25: 62,030
Sep '25: 67,290
Dec '25: 65,567
Mar '26: 61,155
Jun '26: 63,572

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 SHARDA CROPCHEM 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 −21% to +23% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (+2.3%, 80% range −9.3% to +14.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
ALLETEC · Sep 2025: −54.0% vs market
EXCELINDUS · Feb 2023: −38.9% vs market
BSOFT · Sep 2024: −36.5% vs market
ANDHRAPAP · Jun 2020: −36.4% vs market
TVTODAY · Sep 2022: −34.1% vs market
MARKSANS · Aug 2021: −31.2% vs market
EXPLEOSOL · Aug 2023: −31.1% vs market
VRAJ · Jul 2025: −29.3% vs market
SESHAPAPER · Nov 2023: −28.8% vs market
ATULAUTO · Mar 2020: −28.7% vs market
IRCON · Dec 2020: −23.6% vs market
LIKHITHA · Apr 2025: −21.7% vs market
SKFINDIA · Nov 2024: −21.4% vs market
TANLA · Aug 2025: −20.4% vs market
AMBIKCO · Sep 2022: −19.8% vs market
QUICKHEAL · Feb 2022: −18.4% vs market
MGL · Dec 2024: −16.2% vs market
BEPL · Jun 2025: −15.4% vs market
NUCLEUS · Sep 2024: −13.3% vs market
GNFC · Feb 2023: −12.8% vs market
PANAMAPET · Jun 2023: −11.8% vs market
IGL · Dec 2024: −11.3% vs market
VEEDOL · Jan 2025: −11.3% vs market
SASKEN · Jan 2022: −10.3% vs market
SHARDAMOTR · Dec 2024: −4.2% vs market
NMDC · Nov 2020: −1.8% vs market
NATIONALUM · Jul 2022: +6.7% vs market
FINCABLES · Apr 2025: +7.1% vs market
MOREPENLAB · Mar 2023: +9.7% vs market
AVANTIFEED · Sep 2024: +10.5% vs market
MAHSEAMLES · Jun 2024: +13.9% vs market
INDOBORAX · May 2024: +14.0% vs market
LINCOLN · May 2025: +14.2% vs market
APOLSINHOT · May 2020: +18.2% vs market
MAZDA · Aug 2024: +18.3% vs market
NBCC · Feb 2020: +19.2% vs market
MAITHANALL · May 2021: +21.5% vs market
VOLTAMP · Feb 2025: +22.9% vs market
NOCIL · Jan 2020: +26.5% vs market
GRSE · Apr 2021: +30.7% vs market
MPSLTD · Mar 2020: +41.5% vs market
DLINKINDIA · Nov 2023: +43.2% vs market
DATAMATICS · Jul 2024: +59.9% vs market
GMDCLTD · Jun 2023: +62.1% vs market
CHEMFAB · Aug 2023: +66.7% vs market
STYLAMIND · May 2025: +69.0% vs market
HAL · Jun 2021: +73.1% vs market
BDL · Apr 2021: +79.6% vs market
ECLERX · May 2020: +82.4% vs market
GOLDIAM · Jun 2024: +109.5% vs market
Similar setups −3.0%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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
−3.0%
All companies' median
−5.3%
Beat the market
48% vs 44%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BEPL
Process Industries		 Jun 2025 16x25% −10%−32% −15%
BDL
Electronic Technology		 Apr 2021 12x31% +56%−27% +80%
LIKHITHA
Industrial Services		 Apr 2025 15x32% −27%−47% −22%
NUCLEUS
Technology Services		 Sep 2024 20x32% +24%−28% −13%
AMBIKCO
Process Industries		 Sep 2022 5x38% −11%−41% −20%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
NATIONALUM
Non-Energy Minerals		 Jul 2022 5x34% −17%−40% +7%
LINCOLN
Health Technology		 May 2025 12x22% −4%−43% +14%
GNFC
Process Industries		 Feb 2023 4x33% −5%−44% −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 SHARDA CROPCHEM LIMITED. 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.

FEDERAL MOGUL GOETZE INDIAFMGOETZE
Producer Manufacturing
61%similar
promoter holdingdebt/equity
GODFREY PHILLIPS INDIAGODFRYPHLP
Consumer Non-Durables
61%similar
ROCErevenue
SAVITA OIL TECHNOLOGIES LIMITESOTL
Process Industries
58%similar
EPS growthrevenue growth
PANAMA PETROCHEMPANAMAPET
Process Industries
52%similar
EPS growthrevenue
SHARDA MOTOR INDUSTRIESSHARDAMOTR
Producer Manufacturing
50%similar
revenue growthROCE
REDINGTONREDINGTON
Distribution Services
17%similar
volatilityP/E
JAY BHARAT MARUTIJAYBARMARU
Distribution Services
13%similar
P/Erevenue
THEJO ENGINEERINGTHEJO
Distribution Services
8%similar
EPS growthrevenue growth

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

What changed?

30 events since Jul '23

  1. OctPriceFell 50% from the Feb 2026 peak to the Oct 2026 low.
  2. OctPriceVolume reached 6.5x its 50-day median on 2026-10-30; price -2.5% that day.
  3. AugValuationP/E fell below the 10th percentile of its own history to date (10.2x).
  4. JulPriceVolume reached 5.3x its 50-day median on 2026-07-29; price -6.0% that day.
  5. MayPriceVolume reached 15.2x its 50-day median on 2026-05-13; price +3.5% that day.
  6. FebPriceRegained the 2025-07 peak, 3 months after the low.
  7. JanPriceVolume reached 29.4x its 50-day median on 2026-01-29; price +13.1% that day.
  8. NovPriceFell 34% from the Jul 2025 peak to the Nov 2025 low.
Show 22 earlier events
  1. NovPriceVolume reached 17.1x its 50-day median on 2025-11-21; price +3.4% that day.
  2. JulPriceRegained the 2025-01 peak, 3 months after the low.
  3. JulPriceVolume reached 22.7x its 50-day median on 2025-07-25; price +19.6% that day.
  4. JunResultsYear-on-year EPS growth turned positive.
  5. JunPeer rankMoved into the top quartile of Distribution Services on ROCE (from the 3rd quartile).
  6. JunDividendDividend payout cut from 85% to 27% of profit.
  7. MayValuationP/E crossed above the 90th percentile of its own history to date (27.3x).
  8. MayPriceVolume reached 22.9x its 50-day median on 2025-05-15; price +6.8% that day.
  9. AprPriceFell 47% from the Jan 2025 peak to the Apr 2025 low.
  10. DecPeer rankMoved into the 3rd quartile of Distribution Services on ROCE (from the bottom quartile).
  11. OctPriceRegained the 2022-05 peak, 7 months after the low.
  12. OctPeer rankSlipped to the bottom quartile of Distribution Services on ROCE (from the 3rd quartile).
  13. OctPriceVolume reached 12.3x its 50-day median on 2024-10-28; price +9.8% that day.
  14. JulPriceVolume reached 14.1x its 50-day median on 2024-07-01; price +11.0% that day.
  15. JunValuationP/E crossed above the 90th percentile of its own history to date (126.5x).
  16. JunPeer rankSlipped to the 3rd quartile of Distribution Services on ROCE (from the top quartile).
  17. MayPriceVolume reached 17.2x its 50-day median on 2024-05-13; price +7.3% that day.
  18. MarPriceFell 57% from the May 2022 peak to the Mar 2024 low.
  19. JanPriceVolume reached 8.9x its 50-day median on 2024-01-24; price -2.2% that day.
  20. DecPriceVolume reached 30.3x its 50-day median on 2023-12-27; price +6.4% that day.
  21. OctValuationP/E fell below the 10th percentile of its own history to date (10.7x).
  22. JulPriceVolume reached 10.0x its 50-day median on 2023-07-24; price -6.2% 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

Monthly history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-119.9x₹5357 cr20.0%30.0%0.0x
2026-109.6x₹5357 cr20.0%30.0%0.0x
2026-0910.4x₹5357 cr20.0%30.0%0.0x
2026-0810.2x₹5268 cr21.7%30.0%0.0x
2026-0710.9x₹5268 cr21.7%30.0%0.0x
2026-0611.7x₹5268 cr21.7%30.0%0.0x
2026-0514.4x₹5032 cr22.6%16.0%0.0x
2026-0417.1x₹5032 cr22.6%16.0%0.0x
2026-0313.9x₹5032 cr22.6%16.0%0.0x
2026-0223.8x₹4672 cr18.1%16.0%0.0x
2026-0120.7x₹4672 cr18.1%16.0%0.0x
2025-1217.4x₹4672 cr18.1%16.0%0.0x
2025-1118.5x₹4520 cr16.8%16.0%0.0x
2025-1018.6x₹4520 cr16.8%16.0%0.0x
2025-0917.7x₹4520 cr16.8%16.0%0.0x
2025-0828.1x₹4320 cr12.2%16.0%0.0x
2025-0733.7x₹4320 cr12.2%16.0%0.0x
2025-0624.1x₹4320 cr12.2%16.0%0.0x
2025-0527.3x₹3803 cr10.9%4.0%0.0x
2025-0420.3x₹3803 cr10.9%4.0%0.0x
2025-0321.1x₹3803 cr10.9%4.0%0.0x
2025-0220.5x₹3506 cr9.7%4.0%0.0x
2025-0124.3x₹3506 cr9.7%4.0%0.0x
2024-1233.0x₹3506 cr9.7%4.0%0.0x
2024-1149.2x₹3310 cr6.6%4.0%0.0x
2024-1046.1x₹3310 cr6.6%4.0%0.0x
2024-0934.5x₹3310 cr6.6%4.0%0.0x
2024-08159.4x₹3163 cr1.4%4.0%0.0x
2024-07160.8x₹3163 cr1.4%4.0%0.0x
2024-06126.5x₹3163 cr1.4%4.0%0.0x
2024-0510.1x₹4045 cr15.3%21.0%0.0x
2024-049.7x₹4045 cr15.3%21.0%0.0x
2024-038.5x₹4045 cr15.3%21.0%0.0x
2024-029.5x₹4045 cr15.3%21.0%0.0x
2024-0110.5x₹4045 cr15.3%21.0%0.0x
2023-1211.9x₹4045 cr15.3%21.0%0.0x
2023-1110.6x₹4045 cr15.3%21.0%0.0x
2023-1010.7x₹4045 cr15.3%21.0%0.0x
2023-0911.1x₹4045 cr15.3%21.0%0.0x
2023-0811.9x₹4045 cr15.3%21.0%0.0x
2023-0711.5x₹4045 cr15.3%21.0%0.0x
2023-0614.6x₹4045 cr15.3%21.0%0.0x
2023-0512.4x₹3580 cr18.3%26.0%0.0x
2023-0412.0x₹3580 cr18.3%26.0%0.0x
2023-0312.7x₹3580 cr18.3%26.0%0.0x
2023-0212.1x₹3580 cr18.3%26.0%0.0x
2023-0112.8x₹3580 cr18.3%26.0%0.0x
2022-1213.3x₹3580 cr18.3%26.0%0.0x
2022-1110.7x₹3580 cr18.3%26.0%0.0x
2022-109.7x₹3580 cr18.3%26.0%0.0x
2022-0911.4x₹3580 cr18.3%26.0%0.0x
2022-0813.5x₹3580 cr18.3%26.0%0.0x
2022-0713.4x₹3580 cr18.3%26.0%0.0x
2022-0616.3x₹3580 cr18.3%26.0%0.0x
2022-0528.3x₹2396 cr14.2%21.0%0.1x
2022-0424.5x₹2396 cr14.2%21.0%0.1x
2022-0324.2x₹2396 cr14.2%21.0%0.1x
2022-0221.0x₹2396 cr14.2%21.0%0.1x
2022-0122.9x₹2396 cr14.2%21.0%0.1x
2021-1213.9x₹2396 cr14.2%21.0%0.1x
2021-1112.4x₹2396 cr14.2%21.0%0.1x
2021-1012.1x₹2396 cr14.2%21.0%0.1x
2021-0913.0x₹2396 cr14.2%21.0%0.1x
2021-0812.4x₹2396 cr14.2%21.0%0.1x
2021-0713.7x₹2396 cr14.2%21.0%0.1x
2021-0613.6x₹2396 cr14.2%21.0%0.1x
2021-0519.3x₹2003 cr11.8%18.0%0.0x
2021-0416.4x₹2003 cr11.8%18.0%0.0x
2021-0315.7x₹2003 cr11.8%18.0%0.0x
2021-0217.9x₹2003 cr11.8%18.0%0.0x
2021-0115.6x₹2003 cr11.8%18.0%0.0x
2020-1214.8x₹2003 cr11.8%18.0%0.0x
2020-1115.2x₹2003 cr11.8%18.0%0.0x
2020-1015.0x₹2003 cr11.8%18.0%0.0x
2020-0914.4x₹2003 cr11.8%18.0%0.0x
2020-0815.2x₹2003 cr11.8%18.0%0.0x
2020-0716.2x₹2003 cr11.8%18.0%0.0x
2020-0614.4x₹2003 cr11.8%18.0%0.0x
2020-058.1x₹1998 cr13.7%23.0%0.0x
2020-047.5x₹1998 cr13.7%23.0%0.0x
2020-035.5x₹1998 cr13.7%23.0%0.0x
2020-0210.7x₹1998 cr13.7%23.0%0.0x
2020-0111.9x₹1998 cr13.7%23.0%0.0x
2019-1211.0x₹1998 cr13.7%23.0%0.0x
2019-1110.8x₹1998 cr13.7%23.0%0.0x
2019-1014.2x₹1998 cr13.7%23.0%0.0x
2019-0915.4x₹1998 cr13.7%23.0%0.0x
2019-0814.1x₹1998 cr13.7%23.0%0.0x
2019-0713.6x₹1998 cr13.7%23.0%0.0x
2019-0616.1x₹1998 cr13.7%23.0%0.0x
2019-0516.7x₹1707 cr16.8%27.0%0.1x
2019-0417.1x₹1707 cr16.8%27.0%0.1x
2019-0317.5x₹1707 cr16.8%27.0%0.1x
2019-0217.0x₹1707 cr16.8%27.0%0.1x
2019-0114.9x₹1707 cr16.8%27.0%0.1x

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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