Share price
₹48.33 latest close · +10.1% over the last 90 sessions
₹48.33 month-end · −10.3% over 12 months
₹48.33 month-end · +46.5% over 3 years
₹48.33 month-end · +866.6% since Jan '19
52-week range ₹37.62 to ₹71.99 · 1-year volatility 59.6%
Was the rally earned?
Mostly earnings.
- Per-share earnings took off 72 points, while the multiple moved less (P/E 13.2x to 25.4x).
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 196 points, but investors now pay less per rupee of profit (P/E 86.8x to 25.4x), which took 149 points back.
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 467 points, but investors now pay less per rupee of profit (P/E 40.8x to 25.4x), which took 111 points back.
- The share count rose 109%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-61.8% (2022-01 peak to 2023-03 low, recovered 2023-07)
-57.3% (2019-04 peak to 2019-10 low, recovered 2020-02)
-51.2% (2020-02 peak to 2020-03 low, recovered 2020-08)
Most recent volume spikes
2026-10-26: 7.2x the 50-day median, price +3.7% that day
2026-10-23: 10.7x the 50-day median, price +9.6% that day
2026-10-21: 7x the 50-day median, price +8.5% 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?
Usual range 12.9x to 63.1x since 2019-01.
41% above the Process Industries median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among 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).
Where it ranks today
- ROCE76th▲ 10 pts vs a year ago
- Op. margin74th▼ 14 pts vs a year ago
- Revenue growth77th▼ 5 pts vs a year ago
- EPS growth13th▼ 84 pts vs a year ago
- Debt/equity ↓73rd▲ 12 pts vs a year ago
- Cash cycle ↓34thflat vs a year ago
- P/E ↓33rd▼ 42 pts vs a year ago
- 12M momentum49th▼ 33 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Process Industries sector page Watch it move against Process Industries in the Observatory
What is the price implying?
At a P/E of 37.7x, the price would imply about 22.8%/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
Key figures
- Share Priceclose 9 Nov
- ₹48.33
- P/E
- 25.4x
- ROCE
- 18.0%
- Market Cap
- ₹641 cr
- Revenue (TTM)
- ₹265 cr
- P/S
- 2.4x
- P/B
- 3.6x
- ROE
- 14.2%
- Operating Margin
- 16.7%
- Debt / Equity
- 0.1x
- Promoter Holding
- 61.6%
- 12M Momentum
- -10.3%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance7%Within range
Other income as a share of pre-tax profit (trailing twelve months): 7.2%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate12%Near threshold
Median quarterly effective tax rate over about 2.5 years: 12.4%. 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 ₹73 cr, net profit ₹86 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow2 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+2 daysWithin range
Debtor days are above the median of the previous three fiscal years by 2 days (89 vs 87). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress1% of fixed assetsWithin range
Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days+3 days / 2 yrsWithin range
Days payable changed by +3 over two years. Bands: rise of up to 30 days; more than 30 days.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, institutional and promoter holdings were broadly unchanged.
- The number of shareholders rose from 23,045 to 27,254 (+18%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like SHREE RAMA MULTI-TECH 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 −27% to +30% vs the market, against −5% for all non-financial companies in the same months.
- The gap against the base rate (−5.8%, 80% range −13.1% to +6.0%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 4 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 32 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| CYBERTECH Technology Services |
Jan 2022 | 20x | 20% | +63% | −16% | −32% |
| VILAS Producer Manufacturing |
Oct 2025 | 33x | 22% | +2% | −27% | −22% |
| ADFFOODS Consumer Non-Durables |
Aug 2025 | 32x | 17% | −23% | −41% | +22% |
| DEVIT Technology Services |
Sep 2023 | 33x | 15% | +25% | −14% | −22% |
| FROG Miscellaneous |
Aug 2024 | 32x | 14% | +26% | −17% | −20% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| VIMTALABS Commercial Services |
Mar 2022 | 33x | 14% | +96% | −28% | +5% |
| RADHIKAJWE Retail Trade |
Apr 2024 | 25x | 18% | +98% | −13% | +40% |
| AVTNPL Consumer Non-Durables |
Jan 2021 | 19x | 15% | +25% | −19% | +43% |
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: P/S, P/E and debt/equity. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Jan '24
- OctPriceVolume reached 25.1x its 50-day median on 2026-10-16; price +15.3% that day.
- AugPriceFell 45% from the Jan 2026 peak to the Aug 2026 low.
- AugPriceVolume reached 12.0x its 50-day median on 2026-08-14; price +9.8% that day.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 2nd quartile).
- FebPriceVolume reached 20.4x its 50-day median on 2026-02-05; price +3.6% that day.
- JanValuationP/E fell below the 10th percentile of its own history to date (13.7x).
- DecPriceRegained the 2025-09 peak, 0 months after the low.
Show 22 earlier events
- DecPriceFell 28% from the Sep 2025 peak to the Dec 2025 low.
- DecPriceVolume reached 13.3x its 50-day median on 2025-12-31; price +4.6% that day.
- AugPriceRegained the 2024-12 peak, 4 months after the low.
- AugPriceVolume reached 62.7x its 50-day median on 2025-08-26; price +3.3% that day.
- JunResultsRevenue (TTM) reached a new high of ₹208 cr.
- JunPeer rankMoved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
- MayPriceVolume reached 37.1x its 50-day median on 2025-05-20; price -4.3% that day.
- AprPriceFell 41% from the Dec 2024 peak to the Apr 2025 low.
- MarPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
- FebDebtDebt / equity halved over 12 months to 0.12x.
- JanValuationP/E fell below the 10th percentile of its own history to date (33.7x).
- NovPriceRegained the 2023-12 peak, 8 months after the low.
- NovPriceVolume reached 62.2x its 50-day median on 2024-11-05; price +10.2% that day.
- JulDebtDebt / equity halved over 12 months to 0.12x.
- JulPriceVolume reached 7.8x its 50-day median on 2024-07-08; price +5.0% that day.
- JunValuationP/E fell below the 10th percentile of its own history to date (36.6x).
- JunPeer rankMoved into the top quartile of Process Industries on EPS growth (from the bottom quartile).
- JunDebtDebt / equity fell below 1.0x (0.12x).
- JunSharesShare count is up 109.4% over 12 months.
- MayPriceVolume reached 6.0x its 50-day median on 2024-05-16; price +0.9% that day.
- MarPriceFell 35% from the Dec 2023 peak to the Mar 2024 low.
- JanPriceVolume reached 17.3x its 50-day median on 2024-01-05; price +4.8% 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 history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 25.4x | ₹265 cr | 14.2% | 18.0% | 0.1x |
| 2026-10 | 27.9x | ₹265 cr | 14.2% | 18.0% | 0.1x |
| 2026-09 | 23.0x | ₹265 cr | 14.3% | 18.0% | 0.1x |
| 2026-08 | 22.5x | ₹240 cr | 13.9% | 18.0% | 0.1x |
| 2026-07 | 21.2x | ₹240 cr | 13.9% | 18.0% | 0.1x |
| 2026-06 | 23.0x | ₹240 cr | 13.9% | 18.0% | 0.1x |
| 2026-05 | 10.1x | ₹236 cr | 37.0% | 15.0% | 0.3x |
| 2026-04 | 10.9x | ₹236 cr | 37.0% | 15.0% | 0.3x |
| 2026-03 | 10.9x | ₹236 cr | 37.0% | 15.0% | 0.3x |
| 2026-02 | 12.8x | ₹229 cr | 36.8% | 15.0% | 0.3x |
| 2026-01 | 13.7x | ₹229 cr | 36.8% | 15.0% | 0.3x |
| 2025-12 | 16.1x | ₹229 cr | 36.8% | 15.0% | 0.3x |
| 2025-11 | 13.2x | ₹220 cr | 35.6% | 15.0% | 0.3x |
| 2025-10 | 14.1x | ₹220 cr | 35.6% | 15.0% | 0.3x |
| 2025-09 | 14.9x | ₹220 cr | 35.6% | 15.0% | 0.3x |
| 2025-08 | 14.0x | ₹208 cr | 33.6% | 15.0% | 0.3x |
| 2025-07 | 10.7x | ₹208 cr | 33.6% | 15.0% | 0.3x |
| 2025-06 | 10.7x | ₹208 cr | 33.6% | 15.0% | 0.3x |
| 2025-05 | 31.4x | ₹195 cr | 17.6% | 9.0% | 0.1x |
| 2025-04 | 24.6x | ₹195 cr | 17.6% | 9.0% | 0.1x |
| 2025-03 | 23.7x | ₹195 cr | 17.6% | 9.0% | 0.1x |
| 2025-02 | 32.8x | ₹186 cr | 14.5% | 9.0% | 0.1x |
| 2025-01 | 33.8x | ₹186 cr | 14.5% | 9.0% | 0.1x |
| 2024-12 | 40.0x | ₹186 cr | 14.5% | 9.0% | 0.1x |
| 2024-11 | 52.5x | ₹177 cr | 11.9% | 9.0% | 0.1x |
| 2024-10 | 33.0x | ₹177 cr | 11.9% | 9.0% | 0.1x |
| 2024-09 | 29.3x | ₹177 cr | 11.9% | 9.0% | 0.1x |
| 2024-08 | 40.0x | ₹178 cr | 9.7% | 9.0% | 0.1x |
| 2024-07 | 37.1x | ₹178 cr | 9.7% | 9.0% | 0.1x |
| 2024-06 | 36.6x | ₹178 cr | 9.7% | 9.0% | 0.1x |
| 2024-05 | 63.4x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2024-04 | 62.4x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2024-03 | 62.0x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2024-02 | 72.1x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2024-01 | 80.3x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2023-12 | 78.8x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2023-11 | 86.8x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2023-10 | 67.1x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2023-09 | 54.9x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2023-08 | 53.0x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2023-07 | 47.0x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2023-06 | 40.5x | ₹196 cr | 16.7% | 8.0% | 2.7x |
| 2023-05 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2023-04 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2023-03 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2023-02 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2023-01 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2022-12 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2022-11 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2022-10 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2022-09 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2022-08 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2022-07 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2022-06 | — | ₹150 cr | -20.0% | -4.0% | 3.2x |
| 2022-05 | 40.8x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2022-04 | 52.5x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2022-03 | 44.2x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2022-02 | 43.3x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2022-01 | 53.1x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2021-12 | 55.4x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2021-11 | 40.8x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2021-10 | 44.6x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2021-09 | 45.2x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2021-08 | 40.2x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2021-07 | 53.1x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2021-06 | 42.7x | ₹136 cr | 5.9% | 4.0% | 2.5x |
| 2021-05 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2021-04 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2021-03 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2021-02 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2021-01 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2020-12 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2020-11 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2020-10 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2020-09 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2020-08 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2020-07 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2020-06 | — | ₹131 cr | 84.0% | 8.0% | 3.1x |
| 2020-05 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2020-04 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2020-03 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2020-02 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2020-01 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2019-12 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2019-11 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2019-10 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2019-09 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2019-08 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2019-07 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2019-06 | — | ₹117 cr | -75.0% | -1.0% | 26.3x |
| 2019-05 | — | ₹122 cr | -42.9% | 0.0% | 15.4x |
| 2019-04 | — | ₹122 cr | -42.9% | 0.0% | 15.4x |
| 2019-03 | — | ₹122 cr | -42.9% | 0.0% | 15.4x |
| 2019-02 | — | ₹122 cr | -42.9% | 0.0% | 15.4x |
| 2019-01 | — | ₹122 cr | -42.9% | 0.0% | 15.4x |