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SHREE DIGVIJAY CEMENT CO LTD (SHREDIGCEM)

Non-Energy Minerals · Construction Materials · 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.26 / 100
Profitability 36Growth 32Balance sheet 9
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.20 / 100
Price 17Earnings 19FII/DII 23
Compare withULTRATECH CEMENTGRASIM INDUSTRIESAMBUJA CEMENTS

Share price

Closing priceAdjusted for splits and bonus issues.

₹58.42 latest close · −23.7% over the last 90 sessions

₹50₹60₹70₹80Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹50₹60₹70₹80Jul 3Sep 4Nov 9

₹58.42 month-end · −35.2% over 12 months

₹60₹80Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹60₹80Nov '25May '26Nov '26

₹58.42 month-end · −32.4% over 3 years

₹60₹80₹100Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹60₹80₹100Nov '23May '25Nov '26

₹58.42 month-end · −25.8% since Jun '21

₹60₹80₹100Jun '21Jul '22Aug '23Sep '24Oct '25Nov '26 ₹60₹80₹100Jun '21Mar '24Nov '26

52-week range ₹50.40 to ₹92.99 · 1-year volatility 36.0%

Was the rally earned?

-35%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 35 points, while the multiple moved less (P/E 48.2x to 47.9x).
  • The share count fell 3%.
Net profit growth: −37 pts. Points of the price return explained by net profit growing (or shrinking).−37 ptsNet profit growthP/E change: 0 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.0 ptsP/E changeShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2 ptsShare count changeShare price: −35%−35%Share priceNet profit growth: −37 pts. Points of the price return explained by net profit growing (or shrinking).−37ProfitP/E change: 0 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.0P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: −35%−35%Share price
Net profit growth-37 ptsNet profit fell about 37%, which lowers the price.
P/E change0 ptsThe P/E fell from 48.2x to 47.9x, which lowers the price.
Share count change+2 ptsShare count fell 3%, which lifts the price.
-32%share price, 3 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 98 points, while the multiple moved less (P/E 21.6x to 47.9x).
  • The share count fell 3%.
Net profit growth: −101 pts. Points of the price return explained by net profit growing (or shrinking).−101 ptsNet profit growthP/E change: +66 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+66 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: −32%−32%Share priceNet profit growth: −101 pts. Points of the price return explained by net profit growing (or shrinking).−101ProfitP/E change: +66 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+66P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: −32%−32%Share price
Net profit growth-101 ptsNet profit fell about 70%, which lowers the price.
P/E change+66 ptsThe P/E rose from 21.6x to 47.9x, which lifts the price.
Share count change+3 ptsShare count fell 3%, which lifts the price.
-21%share price, 5 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 101 points, while the multiple moved less (P/E 19.4x to 47.9x).
  • The share count barely moved.
Net profit growth: −103 pts. Points of the price return explained by net profit growing (or shrinking).−103 ptsNet profit growthP/E change: +81 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+81 ptsP/E changeShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1 ptsShare count changeShare price: −21%−21%Share priceNet profit growth: −103 pts. Points of the price return explained by net profit growing (or shrinking).−103ProfitP/E change: +81 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+81P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −21%−21%Share price
Net profit growth-103 ptsNet profit fell about 68%, which lowers the price.
P/E change+81 ptsThe P/E rose from 19.4x to 47.9x, which lifts the price.
Share count change+1 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 ULTRATECH CEMENT

How rough has the ride been?

Maximum drawdown-55.8%not yet recovered
1-year volatility36.0%annualised
Beta vs sector index0.763-year daily, correlation 0.46
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−55.8% 0%−20%−40%−60%2020202220242026−55.8%
Largest drawdowns

-55.8% (2024-01 peak to 2026-10 low, not yet recovered)

-44.8% (2021-07 peak to 2022-06 low, recovered 2023-08)

-38.1% (2020-02 peak to 2020-03 low, recovered 2020-05)

Most recent volume spikes

2026-10-23: 5.7x the 50-day median, price -8.1% 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?

47.9xP/E todayNear its historic high
Against its own history92nd percentile
CheapestMedian 20.7xDearest

Usual range 16.0x to 47.7x since 2021-06.

Against Non-Energy Minerals47.9x vs 21.8x
This company
47.9x
Sector median
21.8x

120% above the Non-Energy Minerals median.

13.6x28.2x42.7x57.2xJun '21Jul '22Aug '23Sep '24Oct '25Nov '2613.6x28.2x42.7x57.2xJun '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

  • ROCE30th▼ 11 pts vs a year ago
  • Op. margin43rd▼ 9 pts vs a year ago
  • Revenue growth73rd▲ 43 pts vs a year ago
  • EPS growth18th▲ 6 pts vs a year ago
  • Debt/equity ↓8th▼ 45 pts vs a year ago
  • Cash cycle ↓51st▼ 42 pts vs a year ago
  • P/E ↓18thflat vs a year ago
  • 12M momentum14th▼ 53 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?

~8%annual earnings growth implied by the price

At a P/E of 17.2x, the price would imply about 8.1%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Non-Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹58.42
P/E
47.9x
ROCE
6.0%
Market Cap
₹864 cr
Revenue (TTM)
₹889 cr
P/S
1.0x
P/B
2.4x
ROE
4.9%
Operating Margin
9.0%
Debt / Equity
1.4x
Promoter Holding
63.7%
12M Momentum
-35.2%

52-week range

₹50.40₹92.99
19% of the way from its 52-week low to its high

Price risk

1Y volatility
36.0%
Beta vs sector
1-year daily
0.70

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
-1.30x
low
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range1 beyond a threshold
Other income reliance12%Within range

Other income as a share of pre-tax profit (trailing twelve months): 12.0%. 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 conversion-1.30xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -1.30x (cash from operations ₹-180 cr, net profit ₹138 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+7 daysWithin range

Debtor days are above the median of the previous three fiscal years by 7 days (18 vs 11). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress4% of fixed assetsWithin range

Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+26 days / 2 yrsWithin range

Days payable changed by +26 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, promoters added 8.6 pts; FIIs trimmed 2.4 pts; DIIs added 0.7 pts.
  • The number of shareholders rose from 74,092 to 81,126 (+9%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters55.1%63.7%+8.6 pts
FIIs2.9%0.5%-2.4 pts
DIIs0.7%1.4%+0.7 pts
Public and others41.3%34.4%-7.0 pts

Number of shareholders

81,126shareholders+9% since Dec '23
74k83k92k1.0L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 74,092
Mar '24: 85,442
Jun '24: 94,483
Sep '24: 1.0 lakh
Dec '24: 1.0 lakh
Mar '25: 1.0 lakh
Jun '25: 96,395
Sep '25: 91,928
Dec '25: 86,613
Mar '26: 83,326
Jun '26: 81,126
 74k83k92k1.0L Dec '23Dec '24Dec '25Jun '26
Dec '23: 74,092
Mar '24: 85,442
Jun '24: 94,483
Sep '24: 1.0 lakh
Dec '24: 1.0 lakh
Mar '25: 1.0 lakh
Jun '25: 96,395
Sep '25: 91,928
Dec '25: 86,613
Mar '26: 83,326
Jun '26: 81,126

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

+4.5%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like SHREE DIGVIJAY CEMENT CO 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 −17% to +38% vs the market, against −7% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +11.9%, 80% range +0.5% to +15.9%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SARVESHWAR · Mar 2025: −57.2% vs market
STLTECH · Mar 2023: −49.5% vs market
CAMLINFINE · Oct 2023: −47.8% vs market
VISHWARAJ · Jul 2021: −44.6% vs market
DYNAMATECH · Jan 2020: −33.0% vs market
SOMANYCERA · Feb 2024: −29.4% vs market
SNOWMAN · Feb 2025: −27.6% vs market
GOACARBON · Jul 2025: −25.9% vs market
KOKUYOCMLN · Oct 2025: −24.1% vs market
KANORICHEM · May 2022: −22.6% vs market
ATULAUTO · Nov 2024: −19.7% vs market
LANDMARK · May 2025: −19.2% vs market
MAHLOG · Jan 2024: −17.4% vs market
EMIL · Jun 2025: −17.0% vs market
COASTCORP · Oct 2024: −16.5% vs market
HIKAL · Sep 2025: −13.9% vs market
INDOCO · Feb 2025: −12.8% vs market
GULPOLY · Jul 2024: −11.1% vs market
EVEREADY · May 2024: −10.3% vs market
BBTCL · Feb 2025: −7.9% vs market
ESTER · Sep 2025: −7.2% vs market
MHRIL · Aug 2024: −6.9% vs market
VRLLOG · Oct 2024: −2.3% vs market
SAGCEM · Aug 2022: +0.2% vs market
TVSSCS · Sep 2025: +4.4% vs market
DMCC · Mar 2024: +4.6% vs market
VMART · Sep 2025: +5.6% vs market
GREENLAM · Jun 2025: +8.0% vs market
SANGAMIND · Jan 2025: +9.0% vs market
HLEGLAS · Apr 2025: +10.4% vs market
AMBER · May 2023: +18.4% vs market
YUKEN · Jan 2024: +23.5% vs market
JKLAKSHMI · Apr 2020: +26.4% vs market
ASTERDM · Dec 2021: +28.2% vs market
AARTIIND · Aug 2025: +29.5% vs market
NELCAST · Jun 2022: +30.9% vs market
TVSSRICHAK · Jun 2025: +35.8% vs market
PRSMJOHNSN · Dec 2022: +38.7% vs market
OAL · Oct 2025: +62.8% vs market
RML · Sep 2025: +65.2% vs market
BASML · Apr 2021: +66.1% vs market
ORIENTCEM · May 2020: +69.7% vs market
NETWORK18 · May 2021: +72.1% vs market
SUDARSCHEM · Nov 2023: +80.8% vs market
SANGHIIND · Aug 2022: +82.7% vs market
SOBHA · Aug 2023: +93.1% vs market
MANGLMCEM · Jul 2023: +117.1% vs market
JINDWORLD · Nov 2020: +158.2% vs market
THANGAMAYL · Oct 2022: +167.1% vs market
ARIHANTSUP · Aug 2020: +171.2% vs market
Similar setups +4.5%All companies −7.4%← 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
+4.5%
All companies' median
−7.4%
Beat the market
54% vs 42%

50 past situations · 50 companies · 38 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
CAMLINFINE
Process Industries		 Oct 2023 48x10% −8%−21% −48%
SAGCEM
Non-Energy Minerals		 Aug 2022 35x8% −27%−33% 0%
ORIENTCEM
Non-Energy Minerals		 May 2020 20x8% −60%−61% +70%
VRLLOG
Transportation		 Oct 2024 71x11% −16%−30% −2%
BBTCL
Process Industries		 Feb 2025 33x11% −40%−45% −8%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DYNAMATECH
Producer Manufacturing		 Jan 2020 23x13% −29%−40% −33%
THANGAMAYL
Consumer Durables		 Oct 2022 38x11% −25%−32% +167%
TVSSRICHAK
Consumer Durables		 Jun 2025 112x5% −29%−37% +36%
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, interest cover and 12-month momentum. 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 SHREE DIGVIJAY CEMENT CO 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.

GLOSTERGLOSTERLTD
Process Industries
64%similar
ROCEoperating margin
SHALBYSHALBY
Health Services
62%similar
ROCEvolatility
ALICON CASTALLOYALICON
Producer Manufacturing
61%similar
operating marginEPS growth
SNOWMAN LOGISTICSSNOWMAN
Commercial Services
57%similar
volatilityEPS growth
FAIRCHEM ORGANICSFAIRCHEMOR
Process Industries
56%similar
EPS growthmarket cap
DECCAN CEMENTSDECCANCE
Non-Energy Minerals
75%similar
volatilityrevenue
SHIV AUM STEELSSHIVAUM
Non-Energy Minerals
54%similar
revenue growthmarket cap
SYNERGY GREEN INDUSTRIESSGIL
Non-Energy Minerals
52%similar
market capdebt/equity

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

What changed?

30 events since Dec '23

  1. NovValuationP/E crossed above the 90th percentile of its own history to date (47.9x).
  2. OctPriceFell 56% from the Jan 2024 peak to the Oct 2026 low.
  3. OctPriceVolume reached 5.7x its 50-day median on 2026-10-23; price -8.1% that day.
  4. SepPromoterPromoter holding rose 4.5 pts to 63.7% (largest rise since 2026-06).
  5. SepResultsRevenue (TTM) reached a new high of ₹889 cr.
  6. SepPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
  7. JunPromoterPromoter holding rose 14.1 pts to 59.2% (largest rise in the history since 2019-01).
  8. JunInstitutionsFII + DII holding fell 3.4 pts over 1 quarter to 1.7%.
Show 22 earlier events
  1. JunValuationP/E crossed above the 90th percentile of its own history to date (44.1x).
  2. JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on operating margin (from the bottom quartile).
  3. JunDebtDebt / equity rose above 1.0x (1.40x).
  4. JunPriceVolume reached 6.0x its 50-day median on 2026-06-12; price +6.8% that day.
  5. MarPromoterPromoter holding fell 9.5 pts to 45.1%.
  6. MarPeer rankSlipped to the bottom quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
  7. JanPriceVolume reached 10.6x its 50-day median on 2026-01-20; price -13.1% that day.
  8. OctPriceVolume reached 8.8x its 50-day median on 2025-10-17; price +1.0% that day.
  9. AugPriceVolume reached 34.7x its 50-day median on 2025-08-25; price +9.9% that day.
  10. JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on ROCE (from the top quartile).
  11. MarResultsYear-on-year EPS growth turned negative.
  12. MarPeer rankSlipped to the bottom quartile of Non-Energy Minerals on operating margin (from the 3rd quartile).
  13. JanValuationP/E fell below the 10th percentile of its own history to date (14.9x).
  14. JanPriceVolume reached 5.9x its 50-day median on 2025-01-24; price -5.4% that day.
  15. DecPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
  16. OctPriceVolume reached 6.0x its 50-day median on 2024-10-22; price +1.0% that day.
  17. SepPriceVolume reached 9.0x its 50-day median on 2024-09-23; price +2.8% that day.
  18. JunResultsRevenue (TTM) reached a new high of ₹792 cr.
  19. JunDividendDividend payout cut from 100% to 50% of profit.
  20. JunPriceVolume reached 10.3x its 50-day median on 2024-06-27; price +0.8% that day.
  21. JanPriceVolume reached 25.3x its 50-day median on 2024-01-19; price +0.8% that day.
  22. DecPriceVolume reached 9.0x its 50-day median on 2023-12-12; price +5.8% 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 history66 months · 2021-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1147.9x₹889 cr4.9%6.0%1.4x
2026-1041.6x₹889 cr5.2%6.0%1.4x
2026-0954.0x₹889 cr5.2%6.0%1.4x
2026-0844.4x₹748 cr7.2%6.0%1.4x
2026-0742.8x₹748 cr7.2%6.0%1.4x
2026-0644.1x₹748 cr7.2%6.0%1.4x
2026-0529.7x₹756 cr10.1%9.0%0.3x
2026-0430.4x₹756 cr10.1%9.0%0.3x
2026-0323.8x₹756 cr10.1%9.0%0.3x
2026-0227.5x₹760 cr10.7%9.0%0.3x
2026-0129.1x₹760 cr10.7%9.0%0.3x
2025-1236.0x₹760 cr10.7%9.0%0.3x
2025-1148.2x₹744 cr7.8%9.0%0.3x
2025-1048.7x₹744 cr7.8%9.0%0.3x
2025-0947.8x₹744 cr7.8%9.0%0.3x
2025-0857.2x₹725 cr6.9%9.0%0.3x
2025-0749.6x₹725 cr6.9%9.0%0.3x
2025-0647.7x₹725 cr6.9%9.0%0.3x
2025-0531.6x₹733 cr10.5%34.0%0.0x
2025-0430.1x₹733 cr10.5%34.0%0.0x
2025-0326.2x₹733 cr10.5%34.0%0.0x
2025-0213.6x₹737 cr20.5%34.0%0.0x
2025-0114.9x₹737 cr20.5%34.0%0.0x
2024-1216.6x₹737 cr20.5%34.0%0.0x
2024-1116.1x₹775 cr22.4%34.0%0.0x
2024-1016.2x₹775 cr22.4%34.0%0.0x
2024-0917.1x₹775 cr22.4%34.0%0.0x
2024-0816.9x₹792 cr24.3%34.0%0.0x
2024-0717.4x₹792 cr24.3%34.0%0.0x
2024-0618.2x₹792 cr24.3%34.0%0.0x
2024-0525.2x₹727 cr18.8%23.0%0.0x
2024-0427.1x₹727 cr18.8%23.0%0.0x
2024-0323.6x₹727 cr18.8%23.0%0.0x
2024-0225.1x₹727 cr18.8%23.0%0.0x
2024-0128.2x₹727 cr18.8%23.0%0.0x
2023-1222.7x₹727 cr18.8%23.0%0.0x
2023-1121.6x₹727 cr18.8%23.0%0.0x
2023-1020.7x₹727 cr18.8%23.0%0.0x
2023-0922.0x₹727 cr18.8%23.0%0.0x
2023-0823.2x₹727 cr18.8%23.0%0.0x
2023-0720.3x₹727 cr18.8%23.0%0.0x
2023-0619.0x₹727 cr18.8%23.0%0.0x
2023-0520.8x₹629 cr18.6%29.0%0.0x
2023-0417.9x₹629 cr18.6%29.0%0.0x
2023-0315.3x₹629 cr18.6%29.0%0.0x
2023-0216.0x₹629 cr18.6%29.0%0.0x
2023-0117.7x₹629 cr18.6%29.0%0.0x
2022-1217.8x₹629 cr18.6%29.0%0.0x
2022-1118.0x₹629 cr18.6%29.0%0.0x
2022-1016.6x₹629 cr18.6%29.0%0.0x
2022-0916.6x₹629 cr18.6%29.0%0.0x
2022-0817.0x₹629 cr18.6%29.0%0.0x
2022-0715.5x₹629 cr18.6%29.0%0.0x
2022-0614.6x₹629 cr18.6%29.0%0.0x
2022-0515.9x₹503 cr18.3%—0.0x
2022-0418.5x₹503 cr18.3%—0.0x
2022-0317.5x₹503 cr18.3%—0.0x
2022-0216.4x₹503 cr18.3%—0.0x
2022-0118.2x₹503 cr18.3%—0.0x
2021-1218.2x₹503 cr18.3%—0.0x
2021-1119.4x₹503 cr18.3%—0.0x
2021-1020.5x₹503 cr18.3%—0.0x
2021-0919.7x₹503 cr18.3%—0.0x
2021-0820.5x₹503 cr18.3%—0.0x
2021-0724.3x₹503 cr18.3%—0.0x
2021-0620.8x₹503 cr18.3%—0.0x

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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