Share price
₹34.21 latest close · −9.8% over the last 90 sessions
₹34.21 month-end · −20.7% over 12 months
₹34.21 month-end · −42.1% over 3 years
₹34.21 month-end · +8.9% since Jan '19
52-week range ₹30.50 to ₹53.25 · 1-year volatility 35.7%
Was the rally earned?
Mostly earnings.
- Per-share earnings took off 15 points, while the multiple moved less (P/E 113.6x to 106.9x).
- The share count barely moved.
Mostly earnings.
- Per-share earnings took off 71 points, while the multiple moved less (P/E 73.9x to 106.9x).
- The share count rose 3%.
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.
Not shown for 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-66.1% (2024-09 peak to 2026-03 low, not yet recovered)
-64.5% (2020-12 peak to 2022-06 low, recovered 2024-01)
-43.9% (2020-02 peak to 2020-05 low, recovered 2020-11)
Most recent volume spikes
2026-10-28: 11.1x the 50-day median, price -0.9% that day
2026-08-05: 23x the 50-day median, price +2.9% 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 59.5x to 362.0x since 2019-01.
408% above the Commercial Services 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 Commercial Services peers?
Each cell is the company's percentile rank among its Commercial 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
- ROCE13thflat vs a year ago
- Op. margin61st▲ 7 pts vs a year ago
- Revenue growth34th▼ 14 pts vs a year ago
- EPS growth29th▲ 10 pts vs a year ago
- Debt/equity ↓14th▼ 6 pts vs a year ago
- Cash cycle ↓95thflat vs a year ago
- P/E ↓8th▲ 5 pts vs a year ago
- 12M momentum49th▲ 21 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 Commercial Services sector page Watch it move against Commercial Services in the Observatory
What is the price implying?
At a P/E of 76.7x, the price would imply about 28.3%/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 Commercial Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹34.21
- P/E
- 106.9x
- ROCE
- 4.0%
- Market Cap
- ₹572 cr
- Revenue (TTM)
- ₹619 cr
- P/S
- 0.9x
- P/B
- 1.4x
- ROE
- 1.3%
- Operating Margin
- 16.1%
- Debt / Equity
- 0.8x
- Promoter Holding
- 50.0%
- 12M Momentum
- -20.7%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance300%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 300.0%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate-2%Beyond threshold
Median quarterly effective tax rate over about 2.5 years: -1.6%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion11.41xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 11.41x (cash from operations ₹251 cr, net profit ₹22 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-9 daysWithin range
Debtor days are below the median of the previous three fiscal years by 9 days (51 vs 60). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-16 days / 2 yrsWithin range
Days payable changed by -16 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, promoters added 7.0 pts; FIIs added 0.6 pts.
- The number of shareholders fell from 1.1 lakh to 98,402 (-7%) 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 SNOWMAN LOGISTICS 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 −22% to +38% vs the market, against −5% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +8.9%, 80% range +0.1% to +15.7%), but the matches cluster in only 6 distinct 12-month windows.
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 · 2 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 |
|---|---|---|---|---|---|---|
| KOTARISUG Process Industries |
Oct 2024 | 183x | 8% | +4% | −25% | −40% |
| DYNPRO Consumer Non-Durables |
Sep 2024 | 102x | 5% | +15% | −12% | 0% |
| SUDARSCHEM Process Industries |
Sep 2023 | 74x | 6% | +14% | −11% | +61% |
| MAHLOG Transportation |
Feb 2023 | 190x | 6% | −8% | −33% | −23% |
| KANORICHEM Process Industries |
Aug 2022 | 93x | 4% | −3% | −32% | −24% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| BODALCHEM Process Industries |
Mar 2025 | 122x | 3% | −21% | −33% | −10% |
| BIRLACORPN Non-Energy Minerals |
May 2024 | 268x | 4% | +26% | −20% | −7% |
| KOKUYOCMLN Consumer Durables |
Oct 2024 | 113x | 9% | +18% | −22% | −41% |
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, 12-month momentum and ROCE. 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 Jun '22
- OctPriceVolume reached 11.1x its 50-day median on 2026-10-28; price -0.9% that day.
- SepPeer rankMoved into the 3rd quartile of Commercial Services on EPS growth (from the bottom quartile).
- AugPriceVolume reached 23.0x its 50-day median on 2026-08-05; price +2.9% that day.
- AprValuationP/E crossed above the 90th percentile of its own history to date (406.5x).
- AprPriceVolume reached 6.6x its 50-day median on 2026-04-10; price +11.0% that day.
- MarPriceFell 66% from the Sep 2024 peak to the Mar 2026 low.
- NovPriceVolume reached 9.4x its 50-day median on 2025-11-04; price -5.4% that day.
- JunPriceVolume reached 9.1x its 50-day median on 2025-06-11; price +6.3% that day.
Show 22 earlier events
- MarPromoterPromoter holding rose 2.4 pts to 50.0% (largest rise in the history since 2019-01).
- DecPeer rankSlipped to the bottom quartile of Commercial Services on EPS growth (from the 3rd quartile).
- AugPriceVolume reached 11.5x its 50-day median on 2024-08-08; price +4.8% that day.
- JulPriceRegained the 2024-02 peak, 4 months after the low.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankSlipped to the 3rd quartile of Commercial Services on EPS growth (from the top quartile).
- JunPriceVolume reached 9.5x its 50-day median on 2024-06-28; price +2.4% that day.
- MarPriceFell 30% from the Feb 2024 peak to the Mar 2024 low.
- FebPriceVolume reached 11.2x its 50-day median on 2024-02-20; price +10.7% that day.
- JanPriceRegained the 2020-12 peak, 19 months after the low.
- NovPriceVolume reached 18.0x its 50-day median on 2023-11-23; price +8.0% that day.
- JulPeer rankSlipped to the bottom quartile of Commercial Services on ROCE (from the 3rd quartile).
- JulPriceVolume reached 12.4x its 50-day median on 2023-07-14; price +9.0% that day.
- JunResultsRevenue (TTM) reached a new high of ₹418 cr.
- JunPeer rankMoved into the top quartile of Commercial Services on EPS growth (from the bottom quartile).
- JunDividendStarted paying a dividend (payout 94% of profit).
- JunPriceVolume reached 29.4x its 50-day median on 2023-06-08; price +5.3% that day.
- JanPriceVolume reached 8.1x its 50-day median on 2023-01-24; price +4.3% that day.
- DecPriceVolume reached 6.3x its 50-day median on 2022-12-19; price +5.8% that day.
- SepPriceVolume reached 29.3x its 50-day median on 2022-09-14; price +14.3% that day.
- JunResultsEPS (TTM) turned positive.
- JunPriceFell 64% from the Dec 2020 peak to the Jun 2022 low.
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 | 106.9x | ₹619 cr | 1.3% | 4.0% | 0.8x |
| 2026-10 | 103.2x | ₹619 cr | 1.3% | 4.0% | 0.8x |
| 2026-09 | 108.3x | ₹619 cr | 1.3% | 4.0% | 0.8x |
| 2026-08 | 186.5x | ₹604 cr | 0.8% | 4.0% | 0.8x |
| 2026-07 | 191.5x | ₹604 cr | 0.8% | 4.0% | 0.8x |
| 2026-06 | 184.6x | ₹604 cr | 0.8% | 4.0% | 0.8x |
| 2026-05 | 371.6x | ₹599 cr | 0.4% | 4.0% | 0.8x |
| 2026-04 | 406.5x | ₹599 cr | 0.4% | 4.0% | 0.8x |
| 2026-03 | 307.0x | ₹599 cr | 0.4% | 4.0% | 0.8x |
| 2026-02 | 232.1x | ₹587 cr | 0.7% | 4.0% | 0.8x |
| 2026-01 | 229.2x | ₹587 cr | 0.7% | 4.0% | 0.8x |
| 2025-12 | 236.2x | ₹587 cr | 0.7% | 4.0% | 0.8x |
| 2025-11 | 113.6x | ₹575 cr | 1.6% | 4.0% | 0.8x |
| 2025-10 | 135.0x | ₹575 cr | 1.6% | 4.0% | 0.8x |
| 2025-09 | 137.2x | ₹575 cr | 1.6% | 4.0% | 0.8x |
| 2025-08 | 148.6x | ₹553 cr | 1.4% | 4.0% | 0.8x |
| 2025-07 | 159.6x | ₹553 cr | 1.4% | 4.0% | 0.8x |
| 2025-06 | 175.9x | ₹553 cr | 1.4% | 4.0% | 0.8x |
| 2025-05 | 244.7x | ₹542 cr | 1.0% | 7.0% | 0.7x |
| 2025-04 | 216.2x | ₹542 cr | 1.0% | 7.0% | 0.7x |
| 2025-03 | 186.5x | ₹542 cr | 1.0% | 7.0% | 0.7x |
| 2025-02 | 87.1x | ₹534 cr | 2.1% | 7.0% | 0.7x |
| 2025-01 | 117.5x | ₹534 cr | 2.1% | 7.0% | 0.7x |
| 2024-12 | 134.3x | ₹534 cr | 2.1% | 7.0% | 0.7x |
| 2024-11 | 110.0x | ₹515 cr | 2.7% | 7.0% | 0.7x |
| 2024-10 | 102.0x | ₹515 cr | 2.7% | 7.0% | 0.7x |
| 2024-09 | 123.5x | ₹515 cr | 2.7% | 7.0% | 0.7x |
| 2024-08 | 108.3x | ₹503 cr | 3.1% | 7.0% | 0.7x |
| 2024-07 | 110.9x | ₹503 cr | 3.1% | 7.0% | 0.7x |
| 2024-06 | 102.4x | ₹503 cr | 3.1% | 7.0% | 0.7x |
| 2024-05 | 76.3x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2024-04 | 85.0x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2024-03 | 91.6x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2024-02 | 95.4x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2024-01 | 89.9x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2023-12 | 79.4x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2023-11 | 73.9x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2023-10 | 61.0x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2023-09 | 63.1x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2023-08 | 68.1x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2023-07 | 62.4x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2023-06 | 57.3x | ₹418 cr | 3.1% | 6.0% | 0.6x |
| 2023-05 | 375.5x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2023-04 | 359.5x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2023-03 | 320.0x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2023-02 | 338.0x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2023-01 | 363.5x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2022-12 | 379.0x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2022-11 | 372.0x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2022-10 | 361.0x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2022-09 | 363.0x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2022-08 | 349.0x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2022-07 | 306.0x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2022-06 | 282.5x | ₹286 cr | 0.4% | 3.0% | 0.6x |
| 2022-05 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2022-04 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2022-03 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2022-02 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2022-01 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2021-12 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2021-11 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2021-10 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2021-09 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2021-08 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2021-07 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2021-06 | — | ₹237 cr | 0.0% | 3.0% | 0.5x |
| 2021-05 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2021-04 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2021-03 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2021-02 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2021-01 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2020-12 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2020-11 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2020-10 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2020-09 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2020-08 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2020-07 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2020-06 | — | ₹240 cr | -3.6% | 2.0% | 0.5x |
| 2020-05 | 44.7x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2020-04 | 51.6x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2020-03 | 54.4x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2020-02 | 74.0x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2020-01 | 74.1x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2019-12 | 73.4x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2019-11 | 65.8x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2019-10 | 67.4x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2019-09 | 64.2x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2019-08 | 48.3x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2019-07 | 50.5x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2019-06 | 58.0x | ₹233 cr | 2.3% | 4.0% | 0.2x |
| 2019-05 | — | ₹194 cr | -0.8% | 1.0% | 0.3x |
| 2019-04 | — | ₹194 cr | -0.8% | 1.0% | 0.3x |
| 2019-03 | — | ₹194 cr | -0.8% | 1.0% | 0.3x |
| 2019-02 | — | ₹194 cr | -0.8% | 1.0% | 0.3x |
| 2019-01 | — | ₹194 cr | -0.8% | 1.0% | 0.3x |