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SOMANY CERAMICS LIMITED (SOMANYCERA)

Producer Manufacturing · Building Products · 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.46 / 100
Profitability 47Growth 45Balance sheet 45
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.56 / 100
Price 81Earnings 79FII/DII 8

Passes these screensCash Rich

Compare withKAJARIA CERAMICSCENTURY PLYBOARDS (INDIA)GREENPLY INDUSTRIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹544.15 latest close · +1.3% over the last 90 sessions

₹500₹550₹600Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹500₹550₹600Jul 3Sep 4Nov 9

₹544.15 month-end · +28.9% over 12 months

₹400₹500₹600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹400₹500₹600Nov '25May '26Nov '26

₹544.15 month-end · −19.5% over 3 years

₹400₹600₹800Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹400₹600₹800Nov '23May '25Nov '26

₹544.15 month-end · +60.4% since Jan '19

₹250₹500₹750Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹250₹500₹750Jan '19Dec '22Nov '26

52-week range ₹332.00 to ₹631.70 · 1-year volatility 37.4%

Was the rally earned?

+29%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 69 points, but investors now pay less per rupee of profit (P/E 29.8x to 21.0x), which took 40 points back.
  • The share count rose 3%.
Net profit growth: +72 pts. Points of the price return explained by net profit growing (or shrinking).+72 ptsNet profit growthP/E change: −40 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−40 ptsP/E changeShare count change: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4 ptsShare count changeShare price: +29%+29%Share priceNet profit growth: +72 pts. Points of the price return explained by net profit growing (or shrinking).+72ProfitP/E change: −40 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−40P/EShare count change: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4SharesShare price: +29%+29%Share price
Net profit growth+72 ptsNet profit rose about 89%, which lifts the price.
P/E change-40 ptsThe P/E fell from 29.8x to 21.0x, which lowers the price.
Share count change-4 ptsShare count rose 3%, which lowers the price.
-20%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 39 points, but investors now pay less per rupee of profit (P/E 40.2x to 21.0x), which took 58 points back.
  • The share count fell 3%.
Net profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36 ptsNet profit growthP/E change: −58 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−58 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: −19%−19%Share priceNet profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36ProfitP/E change: −58 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−58P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: −19%−19%Share price
Net profit growth+36 ptsNet profit rose about 49%, which lifts the price.
P/E change-58 ptsThe P/E fell from 40.2x to 21.0x, which lowers the price.
Share count change+3 ptsShare count fell 3%, which lifts the price.
-34%share price, 5 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 54 points, but investors now pay less per rupee of profit (P/E 61.6x to 21.0x), which took 88 points back.
  • The share count fell 15%.
Net profit growth: +40 pts. Points of the price return explained by net profit growing (or shrinking).+40 ptsNet profit growthP/E change: −88 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−88 ptsP/E changeShare count change: +13 pts. Points of the price return explained by the share count changing. More shares count against the price.+13 ptsShare count changeShare price: −34%−34%Share priceNet profit growth: +40 pts. Points of the price return explained by net profit growing (or shrinking).+40ProfitP/E change: −88 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−88P/EShare count change: +13 pts. Points of the price return explained by the share count changing. More shares count against the price.+13SharesShare price: −34%−34%Share price
Net profit growth+40 ptsNet profit rose about 64%, which lifts the price.
P/E change-88 ptsThe P/E fell from 61.6x to 21.0x, which lowers the price.
Share count change+13 ptsShare count fell 15%, which lifts 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 KAJARIA CERAMICS

How rough has the ride been?

Maximum drawdown-82.4%recovered 2021-05
1-year volatility37.4%annualised
Beta vs sector index0.763-year daily, correlation 0.41
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−80.1% 0%−25%−50%−75%2020202220242026−80.1%
Largest drawdowns

-82.4% (2019-04 peak to 2020-03 low, recovered 2021-05)

-64.1% (2022-01 peak to 2026-03 low, not yet recovered)

-16.9% (2019-01 peak to 2019-02 low, recovered 2019-03)

Most recent volume spikes

2026-11-06: 7.2x the 50-day median, price +1.4% that day

2026-11-05: 5.8x the 50-day median, price -5.6% that day

2026-08-24: 5.4x the 50-day median, price +6.1% 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?

21.0xP/E todayNear its historic low
Against its own history14th percentile
CheapestMedian 31.3xDearest

Usual range 20.0x to 60.6x since 2019-01.

Against Producer Manufacturing21.0x vs 29.6x
This company
21.0x
Sector median
29.6x

29% below the Producer Manufacturing median.

8.4x49.8x91.2x132.5xJan '19Aug '20Mar '22Oct '23May '25Nov '268.4x49.8x91.2x132.5xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

The chart loads when you open this tab.

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

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P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing 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 Producer Manufacturing is valued

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing 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

  • ROCE41st▲ 9 pts vs a year ago
  • Op. margin53rd▲ 26 pts vs a year ago
  • Revenue growth37thflat vs a year ago
  • EPS growth88th▲ 71 pts vs a year ago
  • Debt/equity ↓34thflat vs a year ago
  • Cash cycle ↓79thflat vs a year ago
  • P/E ↓67th▲ 12 pts vs a year ago
  • 12M momentum78th▲ 63 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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~18%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 26.8x, a holder earning 12%/yr needs earnings to grow about 17.6%/yr for 10 years, then trade at 15x.

Delivered−1.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+18.6 ptsimplied minus delivered
Rank167thmost demanding of 856

Over time

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

-13%8%28% Jan 2019Nov 2026 -13%8%28% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x19.0%20.1%21.2%
15x16.6%17.6%18.7%
20x13.4%14.4%15.5%

Drag a slider to test other assumptions

Implied: 17.6%/yr

Looking back

  • Jan 2020Price implied 10%/yr; EPS has since grown 5%/yr (7.0 yrs)
  • Jan 2021Price implied 20%/yr; EPS has since grown 24%/yr (6.0 yrs)
  • Jan 2022Price implied 28%/yr; EPS has since grown 4%/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 Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹544.15
P/E
21.0x
ROCE
13.0%
Market Cap
₹2232 cr
Revenue (TTM)
₹2935 cr
P/S
0.8x
P/B
2.7x
ROE
12.6%
Operating Margin
12.0%
Debt / Equity
0.4x
Promoter Holding
55.2%
12M Momentum
28.9%

52-week range

₹332.00₹631.70
71% of the way from its 52-week low to its high

Price risk

1Y volatility
37.4%
Beta vs sector
1-year daily
0.83

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.2x
Cash from profit, 3Y
operating cash flow ÷ net profit
3.38x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance6%Within range

Other income as a share of pre-tax profit (trailing twelve months): 6.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate32%Within range

Median quarterly effective tax rate over about 2.5 years: 32.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion3.38xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 3.38x (cash from operations ₹781 cr, net profit ₹231 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-8 daysWithin range

Debtor days are below the median of the previous three fiscal years by 8 days (39 vs 47). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress2% of fixed assetsWithin range

Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-1 days / 2 yrsWithin range

Days payable changed by -1 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 3 years, DIIs trimmed 4.2 pts.
  • The number of shareholders rose from 25,357 to 31,895 (+26%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters54.8%55.2%+0.4 pts
FIIs1.4%1.4%-0.1 pts
DIIs23.6%19.4%-4.2 pts
Public and others20.1%24.0%+3.9 pts

Number of shareholders

31,895shareholders+26% since Sep '23
25k32k39k46k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 25,357
Dec '23: 45,776
Mar '24: 28,929
Jun '24: 28,044
Sep '24: 29,356
Dec '24: 29,817
Mar '25: 31,079
Jun '25: 31,230
Sep '25: 31,511
Dec '25: 31,494
Mar '26: 31,674
Jun '26: 31,895
 25k32k39k46k Sep '23Sep '24Sep '25Jun '26
Sep '23: 25,357
Dec '23: 45,776
Mar '24: 28,929
Jun '24: 28,044
Sep '24: 29,356
Dec '24: 29,817
Mar '25: 31,079
Jun '25: 31,230
Sep '25: 31,511
Dec '25: 31,494
Mar '26: 31,674
Jun '26: 31,895

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

−0.7%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 SOMANY CERAMICS 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 −26% to +36% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (+2.6%, 80% range −10.2% to +6.7%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
NILKAMAL · Jul 2023: −52.6% vs market
ALICON · Aug 2024: −35.6% vs market
LANDMARK · Dec 2023: −35.4% vs market
NACLIND · Nov 2022: −32.7% vs market
MIRZAINT · Feb 2020: −31.2% vs market
JKIL · Mar 2021: −30.2% vs market
KIRLOSIND · Jun 2024: −30.1% vs market
TVSSRICHAK · Oct 2023: −28.3% vs market
BLKASHYAP · Jun 2024: −28.0% vs market
SPAL · Dec 2024: −27.4% vs market
NCLIND · May 2021: −26.9% vs market
ARVIND · Dec 2024: −26.8% vs market
MMP · Aug 2024: −26.5% vs market
GODREJAGRO · May 2025: −26.1% vs market
DICIND · Mar 2025: −25.7% vs market
WCIL · Oct 2025: −25.1% vs market
UCAL · Jul 2020: −18.6% vs market
RGL · Aug 2021: −17.8% vs market
MANGLMCEM · Jun 2024: −16.4% vs market
BALRAMCHIN · May 2025: −14.7% vs market
AARTIDRUGS · Sep 2025: −11.9% vs market
HUHTAMAKI · Jun 2023: −9.9% vs market
FIEMIND · Feb 2020: −8.8% vs market
ALLCARGO · Jan 2020: −2.8% vs market
CEATLTD · Jul 2025: −1.7% vs market
SALZERELEC · Jun 2024: +0.3% vs market
UNIVCABLES · Dec 2024: +2.9% vs market
ISGEC · Jan 2024: +3.8% vs market
HGS · Feb 2020: +4.0% vs market
PARAGMILK · Aug 2025: +4.2% vs market
NIPPOBATRY · May 2020: +5.0% vs market
SANDHAR · Aug 2023: +6.2% vs market
ORIENTCEM · Aug 2023: +7.5% vs market
LUMAXIND · Dec 2022: +15.4% vs market
LTFOODS · Oct 2022: +18.7% vs market
GOODLUCK · Jun 2025: +26.2% vs market
INDIANHUME · Jul 2023: +30.4% vs market
THANGAMAYL · Mar 2020: +37.4% vs market
NRBBEARING · Apr 2023: +41.8% vs market
WABAG · May 2023: +48.7% vs market
KPIL · Apr 2023: +53.6% vs market
SURYAROSNI · Nov 2020: +66.3% vs market
SSWL · Sep 2025: +80.2% vs market
SIYSIL · May 2021: +80.7% vs market
POWERMECH · Oct 2022: +85.7% vs market
KIRLOSENG · Oct 2022: +90.0% vs market
TIMETECHNO · Nov 2023: +96.9% vs market
COSMOFIRST · May 2021: +98.2% vs market
CEMPRO · Nov 2022: +98.6% vs market
BBL · Jun 2023: +111.6% vs market
Similar setups −0.7%All companies −3.3%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge

Similar setups' median
−0.7%
All companies' median
−3.3%
Beat the market
50% vs 46%

50 past situations · 50 companies · 31 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ISGEC
Industrial Services		 Jan 2024 39x11% +137%−3% +4%
NCLIND
Non-Energy Minerals		 May 2021 18x12% +229%−1% −27%
TIMETECHNO
Process Industries		 Nov 2023 18x13% +82%−2% +97%
CEATLTD
Consumer Durables		 Jul 2025 28x15% +23%−15% −2%
SSWL
Producer Manufacturing		 Sep 2025 18x15% +5%−18% +80%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
HUHTAMAKI
Process Industries		 Jun 2023 24x— +66%−5% −10%
LTFOODS
Process Industries		 Oct 2022 14x14% +82%−6% +19%
ORIENTCEM
Non-Energy Minerals		 Aug 2023 32x12% +60%−2% +8%
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: ROCE, P/E and drawdown from 12-month high. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 SOMANY CERAMICS LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

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

What is compared

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

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

How closeness and the sample are defined

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

Base rate

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

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

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

Disclaimer

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

What else looks like this?

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

AARTI DRUGSAARTIDRUGS
Health Technology
72%similar
promoter holdingrevenue
NITIN SPINNERSNITINSPIN
Process Industries
70%similar
volatilityrevenue
GLOBUS SPIRITSGLOBUSSPR
Consumer Non-Durables
67%similar
market caprevenue
ROSSARI BIOTECHROSSARI
Process Industries
66%similar
operating marginROCE
NILKAMALNILKAMAL
Consumer Durables
64%similar
revenue growthrevenue
KCPKCP
Producer Manufacturing
61%similar
revenue growthmarket cap
SUPRAJIT ENGINEERINGSUPRAJIT
Producer Manufacturing
58%similar
operating marginrevenue
EVEREST KANTO CYLINDERSEKC
Producer Manufacturing
56%similar
EPS growthROCE

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

What changed?

30 events since Jan '23

  1. NovPriceVolume reached 7.2x its 50-day median on 2026-11-06; price +1.4% that day.
  2. SepInstitutionsFII + DII holding fell 3.1 pts over 2 quarters to 20.8%.
  3. SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  4. AugPriceVolume reached 26.9x its 50-day median on 2026-08-13; price +2.2% that day.
  5. JunResultsYear-on-year EPS growth turned positive.
  6. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  7. MayPriceVolume reached 71.6x its 50-day median on 2026-05-19; price +12.6% that day.
  8. MarPriceFell 64% from the Jan 2022 peak to the Mar 2026 low.
Show 22 earlier events
  1. MarPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  2. JanPriceVolume reached 20.6x its 50-day median on 2026-01-29; price +4.7% that day.
  3. DecPriceVolume reached 7.3x its 50-day median on 2025-12-31; price -1.8% that day.
  4. SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  5. SepPriceVolume reached 7.0x its 50-day median on 2025-09-16; price -2.3% that day.
  6. JunResultsYear-on-year EPS growth turned negative.
  7. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  8. JunPriceVolume reached 37.6x its 50-day median on 2025-06-10; price +5.0% that day.
  9. FebPriceVolume reached 6.3x its 50-day median on 2025-02-19; price -5.0% that day.
  10. DecResultsRevenue (TTM) reached a new high of ₹2,595 cr.
  11. DecPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  12. JunResultsYear-on-year EPS growth turned positive.
  13. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
  14. MayPriceVolume reached 73.9x its 50-day median on 2024-05-16; price +15.9% that day.
  15. MarPriceVolume reached 9.1x its 50-day median on 2024-03-19; price +8.3% that day.
  16. FebPeer rankSlipped to the bottom quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  17. DecPriceVolume reached 6.1x its 50-day median on 2023-12-06; price +3.8% that day.
  18. JulPriceVolume reached 14.3x its 50-day median on 2023-07-12; price +12.3% that day.
  19. JunResultsYear-on-year EPS growth turned negative.
  20. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  21. AprPriceVolume reached 8.7x its 50-day median on 2023-04-10; price +4.2% that day.
  22. JanPriceVolume reached 21.2x its 50-day median on 2023-01-04; price +1.9% 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1121.0x₹2935 cr12.6%13.0%0.4x
2026-1020.9x₹2935 cr12.6%13.0%0.4x
2026-0923.8x₹2935 cr12.6%13.0%0.4x
2026-0828.2x₹2789 cr9.2%13.0%0.4x
2026-0724.7x₹2789 cr9.2%13.0%0.4x
2026-0627.0x₹2789 cr9.2%13.0%0.4x
2026-0531.3x₹2740 cr7.6%12.0%0.5x
2026-0429.4x₹2740 cr7.6%12.0%0.5x
2026-0322.6x₹2740 cr7.6%12.0%0.5x
2026-0230.0x₹2703 cr6.6%12.0%0.5x
2026-0129.9x₹2703 cr6.6%12.0%0.5x
2025-1229.3x₹2703 cr6.6%12.0%0.5x
2025-1129.8x₹2684 cr7.3%12.0%0.5x
2025-1032.4x₹2684 cr7.3%12.0%0.5x
2025-0931.5x₹2684 cr7.3%12.0%0.5x
2025-0831.3x₹2659 cr8.0%12.0%0.5x
2025-0736.9x₹2659 cr8.0%12.0%0.5x
2025-0638.4x₹2659 cr8.0%12.0%0.5x
2025-0528.2x₹2628 cr10.8%14.0%0.5x
2025-0425.3x₹2628 cr10.8%14.0%0.5x
2025-0324.8x₹2628 cr10.8%14.0%0.5x
2025-0222.3x₹2595 cr12.7%14.0%0.5x
2025-0125.6x₹2595 cr12.7%14.0%0.5x
2024-1232.1x₹2595 cr12.7%14.0%0.5x
2024-1130.8x₹2584 cr14.6%14.0%0.5x
2024-1028.7x₹2584 cr14.6%14.0%0.5x
2024-0932.2x₹2584 cr14.6%14.0%0.5x
2024-0831.2x₹2592 cr14.8%14.0%0.5x
2024-0733.6x₹2592 cr14.8%14.0%0.5x
2024-0636.1x₹2592 cr14.8%14.0%0.5x
2024-0542.5x₹2479 cr9.1%9.0%0.7x
2024-0437.5x₹2479 cr9.1%9.0%0.7x
2024-0334.3x₹2479 cr9.1%9.0%0.7x
2024-0238.9x₹2479 cr9.1%9.0%0.7x
2024-0142.1x₹2479 cr9.1%9.0%0.7x
2023-1242.6x₹2479 cr9.1%9.0%0.7x
2023-1140.2x₹2479 cr9.1%9.0%0.7x
2023-1039.5x₹2479 cr9.1%9.0%0.7x
2023-0941.2x₹2479 cr9.1%9.0%0.7x
2023-0842.6x₹2479 cr9.1%9.0%0.7x
2023-0744.3x₹2479 cr9.1%9.0%0.7x
2023-0642.2x₹2479 cr9.1%9.0%0.7x
2023-0530.3x₹2095 cr13.6%12.0%0.7x
2023-0425.5x₹2095 cr13.6%12.0%0.7x
2023-0323.4x₹2095 cr13.6%12.0%0.7x
2023-0225.8x₹2095 cr13.6%12.0%0.7x
2023-0125.9x₹2095 cr13.6%12.0%0.7x
2022-1222.7x₹2095 cr13.6%12.0%0.7x
2022-1124.1x₹2095 cr13.6%12.0%0.7x
2022-1025.7x₹2095 cr13.6%12.0%0.7x
2022-0926.2x₹2095 cr13.6%12.0%0.7x
2022-0830.9x₹2095 cr13.6%12.0%0.7x
2022-0730.1x₹2095 cr13.6%12.0%0.7x
2022-0626.9x₹2095 cr13.6%12.0%0.7x
2022-0544.8x₹1651 cr10.1%12.0%0.7x
2022-0447.6x₹1651 cr10.1%12.0%0.7x
2022-0348.2x₹1651 cr10.1%12.0%0.7x
2022-0254.8x₹1651 cr10.1%12.0%0.7x
2022-0165.7x₹1651 cr10.1%12.0%0.7x
2021-1263.2x₹1651 cr10.1%12.0%0.7x

Older months are in the live observatory.

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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