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SKM EGG PRODUCTS EXPORTS (INDI (SKMEGGPROD)

Process Industries

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.70 / 100
Profitability 86Growth 65Balance sheet 59
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.62 / 100
Price 14Earnings 90FII/DII 82
Compare withPATANJALI FOODS LIMITEDGODREJ INDUSTRIES LIMITEDAWL AGRI BUSINESS LIMITED

Passes these screens: Quality Compounder · Value Pick · Debt-light & profitable · Little growth priced in

Share Price
₹193.39
P/E
9.1x
ROCE
31.0%
Market Cap
₹1020 cr
Revenue (TTM)
₹777 cr
P/S
1.3x
P/B
2.6x
ROE
28.2%
Operating Margin
17.0%
Debt / Equity
0.4x
Promoter Holding
57.5%
12M Momentum
-7.3%
P/E vs its own history10th percentilesince Jan '19
P/E vs Process Industries0.5xthe sector median

52-week range

₹143.10₹372.00
22% of the way from its 52-week low to its high

Price risk

1Y volatility
58.0%
Beta vs sector
1-year daily
1.33

Balance sheet & cash

Interest cover
operating profit ÷ interest
14.3x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.01x
Share count, 1Y
unchanged

Was the rally earned?

-7%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 102 points, but investors now pay less per rupee of profit (P/E 28.3x to 9.1x), which took 109 points back.
  • The share count barely moved.
1 year Net profit growth: +101 pts. Points of the price return explained by net profit growing (or shrinking).+101 ptsP/E change: -109 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-109 ptsShare count change: +0 pts. Points of the price return explained by the share count changing. More shares count against the price. -7% 1 year Net profit growth: +101 pts. Points of the price return explained by net profit growing (or shrinking).+101 ptsP/E change: -109 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-109 ptsShare count change: +0 pts. Points of the price return explained by the share count changing. More shares count against the price. -7%
Net profit growth+101 ptsNet profit rose about 186%, which lifts the price.
P/E change-109 ptsThe P/E fell from 28.3x to 9.1x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-10%share price, 3 yearsLower 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 14.9x to 9.1x), which took 46 points back.
  • The share count barely moved.
3 years Net profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36 ptsP/E change: -47 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-47 pts -10% 3 years Net profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36 ptsP/E change: -47 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-47 pts -10%
Net profit growth+36 ptsNet profit rose about 47%, which lifts the price.
P/E change-46 ptsThe P/E fell from 14.9x to 9.1x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+400%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 478 points, but investors now pay less per rupee of profit (P/E 12.5x to 9.1x), which took 78 points back.
  • The share count barely moved.
5 years Net profit growth: +482 pts. Points of the price return explained by net profit growing (or shrinking).+482 ptsP/E change: -78 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-78 ptsShare count change: -5 pts. Points of the price return explained by the share count changing. More shares count against the price. +400% 5 years Net profit growth: +482 pts. Points of the price return explained by net profit growing (or shrinking).+482 ptsP/E change: -78 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.Share count change: -5 pts. Points of the price return explained by the share count changing. More shares count against the price. +400%
Net profit growth+482 ptsNet profit rose about 597%, which lifts the price.
P/E change-78 ptsThe P/E fell from 12.5x to 9.1x, which lowers the price.
Share count change-5 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 PATANJALI FOODS

Is it expensive against its own past and its peers?

9.2xP/E todayNear its historic low
Against its own history10th percentileMedian 16.8x; usual range 9.8x to 47.0x since 2019-01.
Against Process Industries9.2x vs 18.0xBelow the Process Industries median.
6.7x49.5x92.2x135.0xJan '19Aug '20Mar '22Oct '23May '25Oct '266.7x49.5x92.2x135.0xJan '19Aug '21Mar '24Oct '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianProcess Industries median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dashed line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Process Industries is valued

What is the price implying?

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

At normalised P/E (five-year average earnings) of 16.7x, a holder earning 12%/yr needs earnings to grow about 12.6%/yr for 10 years, then trade at 15x.

Delivered61.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−47.4 ptsimplied minus delivered
Rank839thmost demanding of 843

Over time

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

-41%10%61% Jan 2019Oct 2026 -41%10%61% Jan 2019Oct 2026

Change the assumptions

Exit P/E / return11%12%13%
12x14.1%15.1%16.1%
15x11.6%12.6%13.6%
20x8.5%9.5%10.5%
Implied: 12.6%/yr

Looking back

  • Jan 2020Price implied 4%/yr; EPS has since grown 54%/yr (7.0 yrs)
  • Jan 2021Price implied 13%/yr; EPS has since grown 66%/yr (6.0 yrs)
  • Jan 2022Price implied 20%/yr; EPS has since grown 45%/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 Process Industries The market-wide Expectations lists

What changed?

  1. Oct '26Fell 49% from the Jul 2026 peak to the Oct 2026 low.
  2. Oct '26P/E fell below the 10th percentile of its own history to date (9.1x).
  3. Jul '26Volume reached 10.9x its 50-day median on 2026-07-13; price +12.3% that day.
  4. Jun '26Revenue (TTM) reached a new high of ₹769 cr.
  5. Jun '26Regained the 2023-09 peak, 15 months after the low.
  6. Jun '26Moved into the top quartile of Process Industries on ROCE (from the 2nd quartile).
  7. Jun '26Dividend payout cut from 19% to 4% of profit.
  8. May '26Volume reached 135.8x its 50-day median on 2026-05-22; price -8.2% that day.
Show 22 earlier events
  1. Mar '26Moved into the top quartile of Process Industries on EPS growth (from the 2nd quartile).
  2. Jan '26Volume reached 10.9x its 50-day median on 2026-01-28; price +6.9% that day.
  3. Dec '25Year-on-year EPS growth turned positive.
  4. Dec '25Moved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
  5. Nov '25Volume reached 10.2x its 50-day median on 2025-11-21; price +4.8% that day.
  6. Jun '25Slipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).
  7. Jun '25Volume reached 7.9x its 50-day median on 2025-06-05; price +6.6% that day.
  8. Mar '25Fell 70% from the Sep 2023 peak to the Mar 2025 low.
  9. Dec '24Volume reached 38.7x its 50-day median on 2024-12-04; price +12.5% that day.
  10. Sep '24Year-on-year EPS growth turned negative.
  11. Sep '24Slipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  12. Aug '24Volume reached 11.2x its 50-day median on 2024-08-26; price +11.7% that day.
  13. Jun '24Revenue (TTM) reached a new high of ₹701 cr.
  14. Jun '24Slipped to the 2nd quartile of Process Industries on EPS growth (from the top quartile).
  15. Apr '24Volume reached 28.3x its 50-day median on 2024-04-05; price +19.8% that day.
  16. Feb '24P/E fell below the 10th percentile of its own history to date (8.8x).
  17. Feb '24Volume reached 10.8x its 50-day median on 2024-02-14; price -1.8% that day.
  18. Aug '23Volume reached 6.9x its 50-day median on 2023-08-07; price -0.8% that day.
  19. Jun '23Year-on-year EPS growth turned positive.
  20. Jun '23Regained the 2023-02 peak, 3 months after the low.
  21. Jun '23Moved into the top quartile of Process Industries on ROCE (from the bottom quartile).
  22. Jun '23Dividend payout cut from 35% to 2% of profit.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Are profits backed by cash?

7 of 7 checks are within range.
Tap a check to see how it is measured.

Other income reliance2%Within range

Other income as a share of pre-tax profit (trailing twelve months): 2.0%. 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 conversion1.01xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.01x (cash from operations ₹227 cr, net profit ₹224 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+8 daysWithin range

Debtor days are above the median of the previous three fiscal years by 8 days (29 vs 21). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress3% of fixed assetsWithin range

Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+6 days / 2 yrsWithin range

Days payable changed by +6 over two years. Bands: rise of up to 30 days; more than 30 days.

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, promoters added 2.4 pts; FIIs trimmed 1.1 pts.
  • The number of shareholders fell from 33,216 to 31,227 (-6%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters55.1%57.5%+2.4 pts
FIIs2.4%1.3%-1.1 pts
DIIs0.3%0.2%-0.1 pts
Public and others42.2%41.0%-1.1 pts

Number of shareholders

31,227shareholders-6% since Dec '23
29k33k37k40k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 33,216
Mar '24: 37,474
Jun '24: 39,596
Sep '24: 40,253
Dec '24: 39,823
Mar '25: 38,682
Jun '25: 36,615
Sep '25: 30,735
Dec '25: 29,456
Mar '26: 29,817
Jun '26: 31,227
 29k33k37k40k Dec '23Dec '24Dec '25Jun '26
Dec '23: 33,216
Mar '24: 37,474
Jun '24: 39,596
Sep '24: 40,253
Dec '24: 39,823
Mar '25: 38,682
Jun '25: 36,615
Sep '25: 30,735
Dec '25: 29,456
Mar '26: 29,817
Jun '26: 31,227

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

How rough has the ride been?

Maximum drawdown-69.8%recovered 2026-06
1-year volatility58.0%annualised
Beta vs sector index1.233-year daily, correlation 0.41
Volume spikes3last 90 sessions, 5x the 50-day median

Monthly share price

₹13₹106₹200₹293 Jan '19Aug '20Mar '22Oct '23May '25Oct '26
2019-01: ₹32.40
2019-02: ₹24.55
2019-03: ₹25.50
2019-04: ₹24.45
2019-05: ₹23.25
2019-06: ₹19.50
2019-07: ₹15.40
2019-08: ₹18.60
2019-09: ₹19.90
2019-10: ₹19.40
2019-11: ₹20.40
2019-12: ₹18.50
2020-01: ₹16.45
2020-02: ₹13.10
2020-03: ₹15.50
2020-04: ₹16.50
2020-05: ₹17.25
2020-06: ₹15.80
2020-07: ₹17.75
2020-08: ₹23.10
2020-09: ₹18.30
2020-10: ₹20.30
2020-11: ₹24.85
2020-12: ₹29.25
2021-01: ₹27.00
2021-02: ₹25.30
2021-03: ₹23.40
2021-04: ₹26.40
2021-05: ₹32.65
2021-06: ₹44.35
2021-07: ₹42.70
2021-08: ₹41.80
2021-09: ₹40.75
2021-10: ₹38.70
2021-11: ₹33.60
2021-12: ₹36.85
2022-01: ₹38.60
2022-02: ₹31.00
2022-03: ₹30.60
2022-04: ₹34.25
2022-05: ₹31.65
2022-06: ₹27.60
2022-07: ₹30.65
2022-08: ₹41.35
2022-09: ₹51.40
2022-10: ₹53.85
2022-11: ₹62.00
2022-12: ₹66.60
2023-01: ₹74.15
2023-02: ₹71.30
2023-03: ₹65.30
2023-04: ₹73.20
2023-05: ₹95.80
2023-06: ₹109.50
2023-07: ₹121.80
2023-08: ₹242.10
2023-09: ₹228.70
2023-10: ₹215.20
2023-11: ₹192.90
2023-12: ₹193.00
2024-01: ₹191.50
2024-02: ₹127.50
2024-03: ₹107.90
2024-04: ₹148.10
2024-05: ₹118.30
2024-06: ₹132.60
2024-07: ₹133.60
2024-08: ₹137.20
2024-09: ₹125.90
2024-10: ₹120.50
2024-11: ₹115.00
2024-12: ₹126.15
2025-01: ₹112.30
2025-02: ₹85.50
2025-03: ₹80.60
2025-04: ₹96.90
2025-05: ₹106.55
2025-06: ₹127.35
2025-07: ₹148.85
2025-08: ₹185.80
2025-09: ₹156.20
2025-10: ₹208.60
2025-11: ₹211.40
2025-12: ₹212.75
2026-01: ₹197.60
2026-02: ₹166.08
2026-03: ₹148.16
2026-04: ₹164.89
2026-05: ₹204.18
2026-06: ₹293.02
2026-07: ₹249.85
2026-08: ₹267.90
2026-09: ₹211.15
2026-10: ₹193.39
 ₹13₹106₹200₹293 Jan '19Aug '21Mar '24Oct '26
2019-01: ₹32.40
2019-02: ₹24.55
2019-03: ₹25.50
2019-04: ₹24.45
2019-05: ₹23.25
2019-06: ₹19.50
2019-07: ₹15.40
2019-08: ₹18.60
2019-09: ₹19.90
2019-10: ₹19.40
2019-11: ₹20.40
2019-12: ₹18.50
2020-01: ₹16.45
2020-02: ₹13.10
2020-03: ₹15.50
2020-04: ₹16.50
2020-05: ₹17.25
2020-06: ₹15.80
2020-07: ₹17.75
2020-08: ₹23.10
2020-09: ₹18.30
2020-10: ₹20.30
2020-11: ₹24.85
2020-12: ₹29.25
2021-01: ₹27.00
2021-02: ₹25.30
2021-03: ₹23.40
2021-04: ₹26.40
2021-05: ₹32.65
2021-06: ₹44.35
2021-07: ₹42.70
2021-08: ₹41.80
2021-09: ₹40.75
2021-10: ₹38.70
2021-11: ₹33.60
2021-12: ₹36.85
2022-01: ₹38.60
2022-02: ₹31.00
2022-03: ₹30.60
2022-04: ₹34.25
2022-05: ₹31.65
2022-06: ₹27.60
2022-07: ₹30.65
2022-08: ₹41.35
2022-09: ₹51.40
2022-10: ₹53.85
2022-11: ₹62.00
2022-12: ₹66.60
2023-01: ₹74.15
2023-02: ₹71.30
2023-03: ₹65.30
2023-04: ₹73.20
2023-05: ₹95.80
2023-06: ₹109.50
2023-07: ₹121.80
2023-08: ₹242.10
2023-09: ₹228.70
2023-10: ₹215.20
2023-11: ₹192.90
2023-12: ₹193.00
2024-01: ₹191.50
2024-02: ₹127.50
2024-03: ₹107.90
2024-04: ₹148.10
2024-05: ₹118.30
2024-06: ₹132.60
2024-07: ₹133.60
2024-08: ₹137.20
2024-09: ₹125.90
2024-10: ₹120.50
2024-11: ₹115.00
2024-12: ₹126.15
2025-01: ₹112.30
2025-02: ₹85.50
2025-03: ₹80.60
2025-04: ₹96.90
2025-05: ₹106.55
2025-06: ₹127.35
2025-07: ₹148.85
2025-08: ₹185.80
2025-09: ₹156.20
2025-10: ₹208.60
2025-11: ₹211.40
2025-12: ₹212.75
2026-01: ₹197.60
2026-02: ₹166.08
2026-03: ₹148.16
2026-04: ₹164.89
2026-05: ₹204.18
2026-06: ₹293.02
2026-07: ₹249.85
2026-08: ₹267.90
2026-09: ₹211.15
2026-10: ₹193.39

Last 90 trading days

₹183₹242₹302₹361 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹247.55
2026-06-25: ₹276.01
2026-06-30: ₹293.02
2026-07-02: ₹313.35
2026-07-06: ₹319.40
2026-07-08: ₹296.25
2026-07-10: ₹321.35
2026-07-14: ₹352.25
2026-07-16: ₹331.20
2026-07-20: ₹319.35
2026-07-22: ₹314.05
2026-07-24: ₹324.75
2026-07-28: ₹270.50
2026-07-30: ₹249.90
2026-08-03: ₹242.33
2026-08-05: ₹230.74
2026-08-07: ₹235.00
2026-08-11: ₹262.57
2026-08-13: ₹258.84
2026-08-17: ₹259.42
2026-08-19: ₹253.26
2026-08-21: ₹259.05
2026-08-25: ₹259.36
2026-08-27: ₹266.86
2026-08-31: ₹267.90
2026-09-02: ₹261.75
2026-09-04: ₹257.10
2026-09-08: ₹253.35
2026-09-10: ₹247.90
2026-09-15: ₹231.90
2026-09-17: ₹231.90
2026-09-21: ₹229.05
2026-09-23: ₹229.75
2026-09-25: ₹220.40
2026-09-29: ₹219.10
2026-10-01: ₹205.29
2026-10-06: ₹210.05
2026-10-08: ₹207.10
2026-10-12: ₹208.72
2026-10-14: ₹215.57
2026-10-16: ₹208.01
2026-10-21: ₹206.93
2026-10-23: ₹186.05
2026-10-27: ₹194.52
2026-10-29: ₹203.04
2026-10-30: ₹193.39
 ₹183₹242₹302₹361 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹247.55
2026-06-25: ₹276.01
2026-06-30: ₹293.02
2026-07-02: ₹313.35
2026-07-06: ₹319.40
2026-07-08: ₹296.25
2026-07-10: ₹321.35
2026-07-14: ₹352.25
2026-07-16: ₹331.20
2026-07-20: ₹319.35
2026-07-22: ₹314.05
2026-07-24: ₹324.75
2026-07-28: ₹270.50
2026-07-30: ₹249.90
2026-08-03: ₹242.33
2026-08-05: ₹230.74
2026-08-07: ₹235.00
2026-08-11: ₹262.57
2026-08-13: ₹258.84
2026-08-17: ₹259.42
2026-08-19: ₹253.26
2026-08-21: ₹259.05
2026-08-25: ₹259.36
2026-08-27: ₹266.86
2026-08-31: ₹267.90
2026-09-02: ₹261.75
2026-09-04: ₹257.10
2026-09-08: ₹253.35
2026-09-10: ₹247.90
2026-09-15: ₹231.90
2026-09-17: ₹231.90
2026-09-21: ₹229.05
2026-09-23: ₹229.75
2026-09-25: ₹220.40
2026-09-29: ₹219.10
2026-10-01: ₹205.29
2026-10-06: ₹210.05
2026-10-08: ₹207.10
2026-10-12: ₹208.72
2026-10-14: ₹215.57
2026-10-16: ₹208.01
2026-10-21: ₹206.93
2026-10-23: ₹186.05
2026-10-27: ₹194.52
2026-10-29: ₹203.04
2026-10-30: ₹193.39

Drawdown from peak

0% -35% -70% Jan '19Dec '22Oct '26 0% -35% -70% Jan '19Dec '22Oct '26
Largest drawdowns

-69.8% (2023-09 peak to 2025-03 low, recovered 2026-06)

-67.0% (2019-01 peak to 2020-03 low, recovered 2021-05)

-49.3% (2026-07 peak to 2026-10 low, not yet recovered)

Most recent volume spikes

2026-07-13: 10.9x the 50-day median, price +12.3% that day

2026-06-29: 13x the 50-day median, price +10.2% that day

2026-06-24: 13.5x the 50-day median, price +8.3% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Process Industries peers?

Each cell is the company's percentile rank among its Process Industries peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Process Industries sector page Watch it move against Process Industries in the Observatory

What else looks like this?

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

CompanySectorSimilarityClosest on
MAGELLANIC CLOUD (MCLOUD)Technology Services59%revenue, debt/equity
SIGNPOST INDIA (SIGNPOST)Commercial Services59%market cap, promoter holding
SRM CONTRACTORS (SRM)Industrial Services53%debt/equity, P/E
SAKSOFT (SAKSOFT)Technology Services52%operating margin, EPS growth
TALBROS AUTOMOTIVE COMPONENTS (TALBROAUTO)Producer Manufacturing51%promoter holding, revenue
INDO AMINES (INDOAMIN)Process Industries62%promoter holding, P/E
PASUPATI ACRYLON (PASUPTAC)Process Industries62%operating margin, P/E
20 MICRONS (20MICRONS)Process Industries58%P/E, debt/equity

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

What happened next to similar setups

−10.6%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 SKM EGG PRODUCTS EXPORTS (INDI 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 −28% to +10% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (−9.1%, 80% range −21.0% to +0.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
VPRPL · Feb 2025: −76.6% vs market
SAHAJSOLAR · Oct 2025: −63.2% vs market
ZEEMEDIA · May 2022: −55.1% vs market
BIRLANU · Nov 2021: −45.9% vs market
KUANTUM · Sep 2023: −45.6% vs market
GTPL · Feb 2022: −43.9% vs market
NOVAAGRI · Apr 2025: −42.6% vs market
MOL · Nov 2022: −40.1% vs market
COSMOFIRST · Jul 2022: −39.4% vs market
EKC · Jul 2022: −39.4% vs market
SATIA · Nov 2020: −35.4% vs market
IGPL · Jan 2022: −34.2% vs market
SJLOGISTIC · Jun 2025: −28.1% vs market
KHAICHEM · Aug 2022: −26.4% vs market
MONTECARLO · Feb 2023: −26.3% vs market
ICIL · Feb 2022: −25.1% vs market
IIFLCAPS · Nov 2021: −25.0% vs market
KOPRAN · Sep 2021: −22.4% vs market
KRISHCA · May 2025: −22.2% vs market
HARRMALAYA · Sep 2021: −21.7% vs market
BODALCHEM · Feb 2020: −21.5% vs market
KCP · Sep 2021: −20.0% vs market
RAMKY · Jul 2024: −18.5% vs market
20MICRONS · Dec 2024: −14.4% vs market
TIRUMALCHM · Aug 2022: −10.8% vs market
ESTER · Jun 2021: −10.4% vs market
TALBROAUTO · Sep 2024: −3.9% vs market
KITEX · Oct 2020: −2.7% vs market
STEELCAS · Nov 2023: −0.8% vs market
CIGNITITEC · Jan 2021: −0.4% vs market
ALLDIGI · Sep 2024: +0.1% vs market
KIRLOSIND · Aug 2021: +1.2% vs market
ORIENTCER · Feb 2021: +2.8% vs market
QUESTLAB · Sep 2025: +5.1% vs market
GULFOILLUB · Nov 2024: +5.2% vs market
ARIHANTCAP · Jan 2023: +5.4% vs market
PIXTRANS · Jul 2025: +6.0% vs market
VADILALIND · Oct 2023: +11.1% vs market
GPIL · May 2022: +11.4% vs market
SIYSIL · Sep 2022: +12.5% vs market
PANAMAPET · Feb 2022: +31.6% vs market
PCBL · Feb 2020: +36.3% vs market
THEMISMED · Jun 2022: +51.5% vs market
SAKSOFT · May 2020: +54.9% vs market
BANCOINDIA · Feb 2025: +66.9% vs market
POKARNA · May 2020: +77.9% vs market
JASH · Dec 2021: +85.4% vs market
SARDAEN · Sep 2022: +117.8% vs market
TIIL · Dec 2022: +120.0% vs market
HGINFRA · Oct 2020: +157.8% vs market
Similar setups −10.6%All companies −1.5%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
−10.6%
All companies' median
−1.5%
Beat the market
40% vs 48%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SIYSIL
Process Industries		 Sep 2022 10x29% +18%−35% +13%
ESTER
Process Industries		 Jun 2021 8x— +163%−12% −10%
KOPRAN
Health Technology		 Sep 2021 14x30% +116%−20% −22%
IGPL
Process Industries		 Jan 2022 12x29% +92%−24% −34%
KHAICHEM
Process Industries		 Aug 2022 10x36% +34%−44% −26%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
QUESTLAB
Health Technology		 Sep 2025 12x27% −15%−40% +5%
IIFLCAPS
Finance		 Nov 2021 12x25% +96%−31% −25%
HGINFRA
Industrial Services		 Oct 2020 7x24% −4%−37% +158%
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/E, 12-month momentum and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to SKM EGG PRODUCTS EXPORTS (INDI. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-10-30. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 97,430 company-months from 2000 companies; financial: 5,632 company-months from 106 companies. 2240 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.
Monthly history (94 months)
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-109.1x₹777 cr28.2%31.0%0.4x
2026-0910.0x₹777 cr28.4%31.0%0.4x
2026-0813.6x₹769 cr26.3%31.0%0.4x
2026-0712.7x₹769 cr26.3%31.0%0.4x
2026-0614.9x₹769 cr26.3%31.0%0.4x
2026-0513.9x₹699 cr25.4%13.0%0.5x
2026-0411.2x₹699 cr25.4%13.0%0.5x
2026-0310.1x₹699 cr25.4%13.0%0.5x
2026-0215.9x₹630 cr18.2%13.0%0.5x
2026-0119.0x₹630 cr18.2%13.0%0.5x
2025-1220.4x₹630 cr18.2%13.0%0.5x
2025-1128.7x₹555 cr12.9%13.0%0.5x
2025-1028.3x₹555 cr12.9%13.0%0.5x
2025-0921.2x₹555 cr12.9%13.0%0.5x
2025-0828.3x₹497 cr11.6%13.0%0.5x
2025-0722.7x₹497 cr11.6%13.0%0.5x
2025-0619.4x₹497 cr11.6%13.0%0.5x
2025-0514.7x₹542 cr14.1%35.0%0.5x
2025-0413.3x₹542 cr14.1%35.0%0.5x
2025-0311.1x₹542 cr14.1%35.0%0.5x
2025-0210.6x₹560 cr15.5%35.0%0.5x
2025-0113.9x₹560 cr15.5%35.0%0.5x
2024-1215.7x₹560 cr15.5%35.0%0.5x
2024-119.7x₹609 cr22.4%35.0%0.5x
2024-1010.2x₹609 cr22.4%35.0%0.5x
2024-0910.7x₹609 cr22.4%35.0%0.5x
2024-088.5x₹701 cr30.7%35.0%0.5x
2024-078.2x₹701 cr30.7%35.0%0.5x
2024-068.2x₹701 cr30.7%35.0%0.5x
2024-058.2x₹662 cr39.2%46.0%0.5x
2024-0410.3x₹662 cr39.2%46.0%0.5x
2024-037.5x₹662 cr39.2%46.0%0.5x
2024-028.8x₹662 cr39.2%46.0%0.5x
2024-0113.3x₹662 cr39.2%46.0%0.5x
2023-1213.4x₹662 cr39.2%46.0%0.5x
2023-1113.4x₹662 cr39.2%46.0%0.5x
2023-1014.9x₹662 cr39.2%46.0%0.5x
2023-0915.9x₹662 cr39.2%46.0%0.5x
2023-0816.8x₹662 cr39.2%46.0%0.5x
2023-078.5x₹662 cr39.2%46.0%0.5x
2023-067.6x₹662 cr39.2%46.0%0.5x
2023-0567.9x₹302 cr5.8%7.0%0.7x
2023-0451.9x₹302 cr5.8%7.0%0.7x
2023-0346.3x₹302 cr5.8%7.0%0.7x
2023-0250.6x₹302 cr5.8%7.0%0.7x
2023-0152.6x₹302 cr5.8%7.0%0.7x
2022-1247.2x₹302 cr5.8%7.0%0.7x
2022-1144.0x₹302 cr5.8%7.0%0.7x
2022-1038.2x₹302 cr5.8%7.0%0.7x
2022-0936.5x₹302 cr5.8%7.0%0.7x
2022-0829.3x₹302 cr5.8%7.0%0.7x
2022-0721.7x₹302 cr5.8%7.0%0.7x
2022-0619.6x₹302 cr5.8%7.0%0.7x
2022-0510.2x₹269 cr14.0%14.0%0.5x
2022-0411.1x₹269 cr14.0%14.0%0.5x
2022-039.9x₹269 cr14.0%14.0%0.5x
2022-0210.0x₹269 cr14.0%14.0%0.5x
2022-0112.5x₹269 cr14.0%14.0%0.5x
2021-1211.9x₹269 cr14.0%14.0%0.5x
2021-1110.9x₹269 cr14.0%14.0%0.5x
2021-1012.5x₹269 cr14.0%14.0%0.5x
2021-0913.2x₹269 cr14.0%14.0%0.5x
2021-0813.5x₹269 cr14.0%14.0%0.5x
2021-0713.8x₹269 cr14.0%14.0%0.5x
2021-0614.4x₹269 cr14.0%14.0%0.5x
2021-0536.7x₹313 cr5.1%9.0%0.7x
2021-0429.7x₹313 cr5.1%9.0%0.7x
2021-0326.3x₹313 cr5.1%9.0%0.7x
2021-0228.4x₹313 cr5.1%9.0%0.7x
2021-0130.3x₹313 cr5.1%9.0%0.7x
2020-1232.9x₹313 cr5.1%9.0%0.7x
2020-1127.9x₹313 cr5.1%9.0%0.7x
2020-1022.8x₹313 cr5.1%9.0%0.7x
2020-0920.6x₹313 cr5.1%9.0%0.7x
2020-0826.0x₹313 cr5.1%9.0%0.7x
2020-0719.9x₹313 cr5.1%9.0%0.7x
2020-0617.8x₹313 cr5.1%9.0%0.7x
2020-0518.8x₹335 cr5.2%7.0%0.5x
2020-0417.9x₹335 cr5.2%7.0%0.5x
2020-0316.8x₹335 cr5.2%7.0%0.5x
2020-0214.2x₹335 cr5.2%7.0%0.5x
2020-0117.9x₹335 cr5.2%7.0%0.5x
2019-1220.1x₹335 cr5.2%7.0%0.5x
2019-1122.2x₹335 cr5.2%7.0%0.5x
2019-1021.1x₹335 cr5.2%7.0%0.5x
2019-0921.6x₹335 cr5.2%7.0%0.5x
2019-0820.2x₹335 cr5.2%7.0%0.5x
2019-0716.7x₹335 cr5.2%7.0%0.5x
2019-0621.2x₹335 cr5.2%7.0%0.5x
2019-0596.9x₹318 cr1.4%7.0%0.5x
2019-04101.9x₹318 cr1.4%7.0%0.5x
2019-03106.3x₹318 cr1.4%7.0%0.5x
2019-02102.3x₹318 cr1.4%7.0%0.5x
2019-01135.0x₹318 cr1.4%7.0%0.5x

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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