Share price
₹492.9 latest close · +0.1% over the last 90 sessions
₹492.9 month-end · −6.7% over 12 months
₹492.9 month-end · −4.3% over 3 years
₹492.9 month-end · +228.5% since Jan '19
52-week range ₹382.40 to ₹670.00 · 1-year volatility 39.4%
Was the rally earned?
Earnings helped, the multiple did not.
- Per-share earnings added 1 point, but investors now pay less per rupee of profit (P/E 10.0x to 9.3x), which took 7 points back.
- The share count barely moved.
- The share price was roughly flat over 3 years (-4%).
- The share count barely moved.
Mostly yes.
- Per-share earnings added 53 points to the rise, while the multiple moved less (P/E 8.7x to 9.3x).
- The share count barely moved.
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
-61.4% (2019-03 peak to 2020-03 low, recovered 2020-08)
-58.6% (2022-09 peak to 2023-03 low, not yet recovered)
-26.3% (2022-03 peak to 2022-05 low, recovered 2022-07)
Most recent volume spikes
2026-09-24: 7.1x the 50-day median, price +3.1% that day
2026-09-23: 5.1x the 50-day median, price -2.0% that day
2026-09-22: 37.5x the 50-day median, price -4.5% 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 6.7x to 19.0x since 2019-01.
49% below the Process Industries median.
The chart loads when you open this tab.
The chart loads when you open this tab.
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
- ROCE62ndflat vs a year ago
- Op. margin63rd▼ 15 pts vs a year ago
- Revenue growth50th▲ 43 pts vs a year ago
- EPS growth44th▼ 25 pts vs a year ago
- Debt/equity ↓90thflat vs a year ago
- Cash cycle ↓61st▲ 4 pts vs a year ago
- P/E ↓80th▼ 6 pts vs a year ago
- 12M momentum53rd▲ 5 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 8.3x, the price would imply about 5.0%/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
- ₹492.90
- P/E
- 9.3x
- ROCE
- 14.0%
- Market Cap
- ₹847 cr
- Revenue (TTM)
- ₹697 cr
- P/S
- 1.2x
- P/B
- 0.9x
- ROE
- 9.4%
- Operating Margin
- 14.0%
- Debt / Equity
- 0.0x
- Promoter Holding
- 61.8%
- 12M Momentum
- -6.7%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance36%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 35.8%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate28%Within range
Median quarterly effective tax rate over about 2.5 years: 27.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.95xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 0.95x (cash from operations ₹244 cr, net profit ₹256 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow5 of 5 yrsWithin range
Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+1 daysWithin range
Debtor days are above the median of the previous three fiscal years by 1 days (46 vs 45). 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+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 2 years, FIIs trimmed 0.6 pts.
- The number of shareholders fell from 48,539 to 40,125 (-17%) between Dec 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 SREE RAYALASEEMA HI-STRENGTH H 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 −18% to +39% vs the market, against −1% for all non-financial companies in the same months.
- The gap against the base rate (+4.8%, 80% range −3.1% to +21.1%) 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 · 3 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 30 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ANDHRSUGAR Process Industries |
Oct 2022 | 8x | 19% | +10% | −18% | −31% |
| ALBERTDAVD Health Technology |
Jun 2022 | 8x | 17% | +6% | −26% | −5% |
| KSL Non-Energy Minerals |
May 2020 | 5x | 20% | −36% | −46% | +50% |
| BALMLAWRIE Producer Manufacturing |
Sep 2025 | 13x | 15% | −21% | −21% | −20% |
| LINCOLN Health Technology |
Jun 2023 | 11x | 22% | +38% | −9% | +4% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| MANALIPETC Process Industries |
Jun 2020 | 7x | 14% | −18% | −22% | +173% |
| SANDESH Consumer Services |
Jan 2020 | 7x | 14% | −11% | −21% | −10% |
| INDNIPPON Producer Manufacturing |
Dec 2024 | 22x | 13% | +32% | −15% | +10% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and revenue growth. Not used (unavailable for this company): interest cover. 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
- SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
- SepPriceVolume reached 37.5x its 50-day median on 2026-09-22; price -4.5% that day.
- JunPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
- MarPeer rankSlipped to the 2nd quartile of Process Industries on operating margin (from the top quartile).
- MarPriceVolume reached 18.7x its 50-day median on 2026-03-12; price +5.1% that day.
- DecPriceVolume reached 6.0x its 50-day median on 2025-12-16; price +5.1% that day.
- SepPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
- JulPriceVolume reached 11.9x its 50-day median on 2025-07-10; price +8.2% that day.
Show 22 earlier events
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the 2nd quartile of Process Industries on EPS growth (from the 3rd quartile).
- JunPriceVolume reached 34.8x its 50-day median on 2025-06-05; price +16.6% that day.
- MarPeer rankSlipped to the 2nd quartile of Process Industries on operating margin (from the top quartile).
- OctPriceVolume reached 28.3x its 50-day median on 2024-10-10; price +16.3% that day.
- SepPriceVolume reached 36.3x its 50-day median on 2024-09-26; price +11.3% that day.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankSlipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).
- AprPriceVolume reached 8.1x its 50-day median on 2024-04-02; price +11.4% that day.
- JanPriceVolume reached 11.2x its 50-day median on 2024-01-08; price +6.6% that day.
- DecPriceVolume reached 15.5x its 50-day median on 2023-12-06; price +9.7% that day.
- AugValuationP/E fell below the 10th percentile of its own history to date (6.7x).
- JulPriceVolume reached 7.8x its 50-day median on 2023-07-10; price +7.7% that day.
- JunResultsRevenue (TTM) reached a new high of ₹1,650 cr.
- JunPeer rankMoved into the top quartile of Process Industries on EPS growth (from the 2nd quartile).
- MayPriceVolume reached 49.6x its 50-day median on 2023-05-31; price +12.9% that day.
- MarPriceFell 59% from the Sep 2022 peak to the Mar 2023 low.
- FebValuationP/E fell below the 10th percentile of its own history to date (7.1x).
- JulPriceRegained the 2022-03 peak, 2 months after the low.
- JulPriceVolume reached 34.1x its 50-day median on 2022-07-22; price +16.7% that day.
- JunResultsRevenue (TTM) reached a new high of ₹1,267 cr.
- JunValuationP/E fell below the 10th percentile of its own history to date (7.1x).
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 | 9.3x | ₹697 cr | 9.4% | 14.0% | 0.0x |
| 2026-10 | 9.1x | ₹697 cr | 9.5% | 14.0% | 0.0x |
| 2026-09 | 10.6x | ₹697 cr | 9.5% | 14.0% | 0.0x |
| 2026-08 | 9.7x | ₹666 cr | 9.2% | 14.0% | 0.0x |
| 2026-07 | 9.4x | ₹666 cr | 9.2% | 14.0% | 0.0x |
| 2026-06 | 9.4x | ₹666 cr | 9.2% | 14.0% | 0.0x |
| 2026-05 | 10.3x | ₹663 cr | 9.9% | 14.0% | 0.0x |
| 2026-04 | 9.2x | ₹663 cr | 9.9% | 14.0% | 0.0x |
| 2026-03 | 7.2x | ₹663 cr | 9.9% | 14.0% | 0.0x |
| 2026-02 | 9.0x | ₹660 cr | 9.7% | 14.0% | 0.0x |
| 2026-01 | 8.7x | ₹660 cr | 9.7% | 14.0% | 0.0x |
| 2025-12 | 10.0x | ₹660 cr | 9.7% | 14.0% | 0.0x |
| 2025-11 | 10.0x | ₹648 cr | 9.9% | 14.0% | 0.0x |
| 2025-10 | 10.4x | ₹648 cr | 9.9% | 14.0% | 0.0x |
| 2025-09 | 10.7x | ₹648 cr | 9.9% | 14.0% | 0.0x |
| 2025-08 | 11.3x | ₹637 cr | 9.6% | 14.0% | 0.0x |
| 2025-07 | 12.8x | ₹637 cr | 9.6% | 14.0% | 0.0x |
| 2025-06 | 12.7x | ₹637 cr | 9.6% | 14.0% | 0.0x |
| 2025-05 | 11.7x | ₹642 cr | 10.8% | 15.0% | 0.0x |
| 2025-04 | 10.2x | ₹642 cr | 10.8% | 15.0% | 0.0x |
| 2025-03 | 9.9x | ₹642 cr | 10.8% | 15.0% | 0.0x |
| 2025-02 | 10.8x | ₹719 cr | 10.1% | 15.0% | 0.0x |
| 2025-01 | 14.6x | ₹719 cr | 10.1% | 15.0% | 0.0x |
| 2024-12 | 16.6x | ₹719 cr | 10.1% | 15.0% | 0.0x |
| 2024-11 | 16.0x | ₹775 cr | 9.3% | 15.0% | 0.0x |
| 2024-10 | 17.8x | ₹775 cr | 9.3% | 15.0% | 0.0x |
| 2024-09 | 16.8x | ₹775 cr | 9.3% | 15.0% | 0.0x |
| 2024-08 | 13.2x | ₹867 cr | 9.9% | 15.0% | 0.0x |
| 2024-07 | 13.7x | ₹867 cr | 9.9% | 15.0% | 0.0x |
| 2024-06 | 12.0x | ₹867 cr | 9.9% | 15.0% | 0.0x |
| 2024-05 | 5.5x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2024-04 | 6.2x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2024-03 | 5.5x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2024-02 | 5.9x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2024-01 | 6.5x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2023-12 | 6.2x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2023-11 | 5.7x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2023-10 | 6.2x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2023-09 | 6.8x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2023-08 | 6.7x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2023-07 | 8.4x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2023-06 | 8.0x | ₹1650 cr | 20.5% | 26.0% | 0.0x |
| 2023-05 | 9.2x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2023-04 | 8.1x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2023-03 | 6.8x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2023-02 | 7.1x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2023-01 | 8.0x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2022-12 | 8.6x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2022-11 | 9.2x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2022-10 | 11.5x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2022-09 | 13.3x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2022-08 | 13.5x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2022-07 | 10.9x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2022-06 | 7.1x | ₹1267 cr | 18.1% | 26.0% | 0.0x |
| 2022-05 | 13.4x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2022-04 | 13.3x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2022-03 | 13.4x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2022-02 | 11.2x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2022-01 | 9.5x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2021-12 | 9.4x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2021-11 | 8.7x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2021-10 | 9.5x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2021-09 | 9.3x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2021-08 | 9.1x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2021-07 | 9.6x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2021-06 | 10.3x | ₹911 cr | 15.7% | 21.0% | 0.2x |
| 2021-05 | 13.5x | ₹689 cr | 12.2% | — | 0.2x |
| 2021-04 | 12.5x | ₹689 cr | 12.2% | — | 0.2x |
| 2021-03 | 10.7x | ₹689 cr | 12.2% | — | 0.2x |
| 2021-02 | 10.4x | ₹689 cr | 12.2% | — | 0.2x |
| 2021-01 | 10.3x | ₹689 cr | 12.2% | — | 0.2x |
| 2020-12 | 11.2x | ₹689 cr | 12.2% | — | 0.2x |
| 2020-11 | 11.7x | ₹689 cr | 12.2% | — | 0.2x |
| 2020-10 | 7.8x | ₹689 cr | 12.2% | — | 0.2x |
| 2020-09 | 7.6x | ₹689 cr | 12.2% | — | 0.2x |
| 2020-08 | 7.4x | ₹689 cr | 12.2% | — | 0.2x |
| 2020-07 | 6.9x | ₹689 cr | 12.2% | — | 0.2x |
| 2020-06 | 5.4x | ₹689 cr | 12.2% | — | 0.2x |
| 2020-05 | 18.9x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2020-04 | 19.1x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2020-03 | 13.0x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2020-02 | 22.1x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2020-01 | 19.6x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-12 | 18.7x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-11 | 17.3x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-10 | 19.7x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-09 | 18.3x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-08 | 17.0x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-07 | 16.6x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-06 | 22.4x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-05 | 25.4x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-04 | 29.3x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-03 | 30.5x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-02 | 24.9x | ₹164 cr | 4.6% | 4.0% | 0.4x |
| 2019-01 | 26.6x | ₹164 cr | 4.6% | 4.0% | 0.4x |