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STYRENIX PERFOM. MATERIALS LTD (STYRENIX)

Process Industries · Chemicals: Specialty · 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.75 / 100
Profitability 75Growth 93Balance sheet 56
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.55 / 100
Price 18Earnings 53FII/DII 94
Compare withLINDE INDIACOROMANDEL INTERNATIONAL LIMITGUJARAT FLUOROCHEMICALS

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,858.9 latest close · −19.0% over the last 90 sessions

₹1,750₹2,000₹2,250₹2,500Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,750₹2,000₹2,250₹2,500Jul 3Sep 4Nov 9

₹1,858.9 month-end · −11.0% over 12 months

₹1,750₹2,000₹2,250₹2,500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,750₹2,000₹2,250₹2,500Nov '25May '26Nov '26

₹1,858.9 month-end · +28.2% over 3 years

₹2,000₹3,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹2,000₹3,000Nov '23May '25Nov '26

₹1,858.9 month-end · +195.9% since Jan '19

₹1,000₹2,000₹3,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹1,000₹2,000₹3,000Jan '19Dec '22Nov '26

52-week range ₹1720.00 to ₹2653.00 · 1-year volatility 31.4%

Was the rally earned?

-11%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 18 points, but investors now pay less per rupee of profit (P/E 16.4x to 12.0x), which took 29 points back.
  • The share count barely moved.
Net profit growth: +18 pts. Points of the price return explained by net profit growing (or shrinking).+18 ptsNet profit growthP/E change: −29 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−29 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −11%−11%Share priceNet profit growth: +18 pts. Points of the price return explained by net profit growing (or shrinking).+18ProfitP/E change: −29 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−29P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −11%−11%Share price
Net profit growth+18 ptsNet profit rose about 21%, which lifts the price.
P/E change-29 ptsThe P/E fell from 16.4x to 12.0x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+28%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 303 points, but investors now pay less per rupee of profit (P/E 134.8x to 12.0x), which took 275 points back.
  • The share count barely moved.
Net profit growth: +302 pts. Points of the price return explained by net profit growing (or shrinking).+302 ptsNet profit growthP/E change: −275 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−275 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +28%+28%Share priceNet profit growth: +302 pts. Points of the price return explained by net profit growing (or shrinking).+302ProfitP/E change: −275 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−275P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +28%+28%Share price
Net profit growth+302 ptsNet profit rose about 1335%, which lifts the price.
P/E change-275 ptsThe P/E fell from 134.8x to 12.0x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+33%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 309 points, but investors now pay less per rupee of profit (P/E 129.7x to 12.0x), which took 276 points back.
  • The share count barely moved.
Net profit growth: +309 pts. Points of the price return explained by net profit growing (or shrinking).+309 ptsNet profit growthP/E change: −276 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−276 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +33%+33%Share priceNet profit growth: +309 pts. Points of the price return explained by net profit growing (or shrinking).+309ProfitP/E change: −276 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−276P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +33%+33%Share price
Net profit growth+309 ptsNet profit rose about 1336%, which lifts the price.
P/E change-276 ptsThe P/E fell from 129.7x to 12.0x, which lowers the price.
Share count change0 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 LINDE INDIA

How rough has the ride been?

Maximum drawdown-61.7%recovered 2024-05
1-year volatility31.4%annualised
Beta vs sector index0.923-year daily, correlation 0.45
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−61.0% 0%−20%−40%−60%2020202220242026−61.0%
Largest drawdowns

-61.7% (2021-10 peak to 2023-03 low, recovered 2024-05)

-49.5% (2025-06 peak to 2026-11 low, not yet recovered)

-45.8% (2019-01 peak to 2019-08 low, recovered 2019-11)

Most recent volume spikes

2026-10-28: 15.5x the 50-day median, price -7.8% that day

2026-08-06: 13.1x the 50-day median, price -8.0% that day

2026-08-05: 5.7x the 50-day median, price -0.4% 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?

12.0xP/E todayNear its historic low
Against its own history2nd percentile
CheapestMedian 64.4xDearest

Usual range 18.9x to 130.2x since 2019-01.

Against Process Industries12.0x vs 18.1x
This company
12.0x
Sector median
18.1x

34% below the Process Industries median.

6.8x59.4x111.9x164.5xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x59.4x111.9x164.5xJan '19Sep '21May '24Nov '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; 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 Process Industries is valued

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

  • ROCE62nd▼ 29 pts vs a year ago
  • Op. margin87th▲ 37 pts vs a year ago
  • Revenue growth52nd▼ 37 pts vs a year ago
  • EPS growth61stflat vs a year ago
  • Debt/equity ↓48th▼ 8 pts vs a year ago
  • Cash cycle ↓66thflat vs a year ago
  • P/E ↓71st▲ 8 pts vs a year ago
  • 12M momentum47th▼ 12 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 Process Industries sector page Watch it move against Process Industries in the Observatory

What is the price implying?

~13%annual earnings growth implied by the price

At a P/E of 21.4x, the price would imply about 13.2%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“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
₹1858.90
P/E
12.0x
ROCE
14.0%
Market Cap
₹3270 cr
Revenue (TTM)
₹3505 cr
P/S
0.9x
P/B
2.4x
ROE
20.0%
Operating Margin
22.0%
Debt / Equity
0.4x
Promoter Holding
46.2%
12M Momentum
-11.0%

52-week range

₹1720.00₹2653.00
15% of the way from its 52-week low to its high

Price risk

1Y volatility
31.4%
Beta vs sector
1-year daily
0.87

Balance sheet & cash

Interest cover
operating profit ÷ interest
19.2x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.77x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance5%Within range

Other income as a share of pre-tax profit (trailing twelve months): 4.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.77xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.77x (cash from operations ₹453 cr, net profit ₹590 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 4 yrsNear threshold

Fiscal years with positive free cash flow in the last 4: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-3 daysWithin range

Debtor days are below the median of the previous three fiscal years by 3 days (46 vs 49). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress11% of fixed assetsWithin range

Capital work-in-progress is 11% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+12 days / 2 yrsWithin range

Days payable changed by +12 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, promoters trimmed 16.5 pts; DIIs added 12.6 pts; FIIs trimmed 1.4 pts.
  • The number of shareholders rose from 40,543 to 44,820 (+11%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters62.7%46.2%-16.5 pts
FIIs2.3%0.9%-1.4 pts
DIIs4.8%17.4%+12.6 pts
Public and others30.2%35.5%+5.3 pts

Number of shareholders

44,820shareholders+11% since Sep '23
40k42k45k47k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 40,543
Dec '23: 40,115
Mar '24: 40,492
Jun '24: 39,955
Sep '24: 45,882
Dec '24: 45,703
Mar '25: 46,867
Jun '25: 46,916
Sep '25: 45,494
Dec '25: 47,135
Mar '26: 45,090
Jun '26: 44,820
 40k42k45k47k Sep '23Sep '24Sep '25Jun '26
Sep '23: 40,543
Dec '23: 40,115
Mar '24: 40,492
Jun '24: 39,955
Sep '24: 45,882
Dec '24: 45,703
Mar '25: 46,867
Jun '25: 46,916
Sep '25: 45,494
Dec '25: 47,135
Mar '26: 45,090
Jun '26: 44,820

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

+10.5%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like STYRENIX PERFOM. MATERIALS LTD 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 −17% to +51% vs the market, against −2% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +12.4%, 80% range +2.2% to +18.0%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−50%0%+50%+100%
MMFL · Aug 2024: −42.6% vs market
VRLLOG · Jan 2024: −41.4% vs market
NILKAMAL · Oct 2023: −41.3% vs market
GHCL · Mar 2023: −40.8% vs market
KIRLOSENG · Jul 2021: −38.6% vs market
GATEWAY · Jun 2024: −37.0% vs market
MASTEK · Jun 2025: −34.7% vs market
GTPL · Oct 2023: −32.7% vs market
BIRLACORPN · Jun 2021: −28.2% vs market
DALMIASUG · Jun 2023: −24.7% vs market
KSL · Mar 2025: −22.3% vs market
SHK · Dec 2022: −19.6% vs market
ORIENTCEM · Mar 2022: −18.6% vs market
BLISSGVS · Jun 2023: −13.7% vs market
NAVNETEDUL · Jun 2024: −11.0% vs market
JAGRAN · May 2023: −8.1% vs market
DCMSHRIRAM · Nov 2023: −7.0% vs market
TRIVENI · Jun 2024: −6.2% vs market
BBL · Jun 2020: −2.2% vs market
SHRIPISTON · Nov 2021: +1.3% vs market
APOLLOTYRE · Aug 2024: +1.7% vs market
GRANULES · Apr 2024: +6.0% vs market
CIEINDIA · Feb 2025: +6.2% vs market
NRBBEARING · Mar 2025: +9.4% vs market
INSECTICID · Feb 2022: +10.4% vs market
TVSSRICHAK · Mar 2020: +10.6% vs market
KCP · Mar 2023: +13.0% vs market
ALLCARGO · May 2020: +13.5% vs market
EPL · Sep 2025: +14.5% vs market
JKLAKSHMI · Jul 2024: +16.3% vs market
AVTNPL · Aug 2025: +17.8% vs market
BALMLAWRIE · Sep 2023: +23.2% vs market
PCBL · Jul 2023: +39.7% vs market
SHYAMMETL · Sep 2023: +41.7% vs market
AMBIKCO · Jan 2021: +45.5% vs market
GENUSPOWER · Aug 2020: +49.5% vs market
VTL · Apr 2021: +50.4% vs market
JKIL · Jun 2021: +50.7% vs market
KIRLOSIND · Oct 2020: +58.0% vs market
HINDWAREAP · Jul 2022: +61.4% vs market
IFGLEXPOR · Feb 2023: +66.8% vs market
GLENMARK · Jan 2023: +70.4% vs market
GODFRYPHLP · Feb 2022: +75.3% vs market
LGBBROSLTD · Apr 2021: +76.8% vs market
GNA · Oct 2025: +80.2% vs market
TRIDENT · Jan 2020: +95.0% vs market
POLYPLEX · Jan 2021: +96.3% vs market
TCI · Apr 2021: +114.8% vs market
DBCORP · Jul 2022: +125.1% vs market
FSL · May 2020: +158.5% vs market
Similar setups +10.5%All companies −1.9%← 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
+10.5%
All companies' median
−1.9%
Beat the market
62% vs 48%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
POLYPLEX
Process Industries		 Jan 2021 8x12% +27%−17% +96%
JKLAKSHMI
Non-Energy Minerals		 Jul 2024 22x17% +46%−8% +16%
VTL
Process Industries		 Apr 2021 12x10% +81%−10% +50%
NAVNETEDUL
Producer Manufacturing		 Jun 2024 17x16% +28%−10% −11%
ALLCARGO
Transportation		 May 2020 6x13% −40%−42% +14%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KSL
Non-Energy Minerals		 Mar 2025 13x— −11%−39% −22%
DALMIASUG
Process Industries		 Jun 2023 12x12% +20%−11% −25%
KIRLOSIND
Non-Energy Minerals		 Oct 2020 6x12% −7%−21% +58%
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, P/E 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.

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 STYRENIX PERFOM. MATERIALS LTD. 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.

IIFL CAPITAL SERVICESIIFLCAPS
Finance
57%similar
revenue growthrevenue
STRIDES PHARMA SCIENCESTAR
Health Technology
57%similar
P/Erevenue
ARVIND SMARTSPACESARVSMART
Finance
55%similar
EPS growthmarket cap
EVEREADY INDUSTRIES INDIAEVEREADY
Producer Manufacturing
53%similar
P/EEPS growth
TILAKNAGAR INDUSTRIESTI
Consumer Non-Durables
52%similar
revenuevolatility
EPLEPL
Process Industries
56%similar
debt/equityvolatility
TIME TECHNOPLASTTIMETECHNO
Process Industries
54%similar
promoter holdingROCE
BOROSIL RENEWABLESBORORENEW
Process Industries
48%similar
revenue growthEPS growth

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

What changed?

30 events since Jun '24

  1. NovPriceFell 50% from the Jun 2025 peak to the Nov 2026 low.
  2. OctPriceVolume reached 15.5x its 50-day median on 2026-10-28; price -7.8% that day.
  3. SepResultsYear-on-year EPS growth turned positive.
  4. SepPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
  5. AugValuationP/E fell below the 10th percentile of its own history to date (18.9x).
  6. AugPriceVolume reached 30.9x its 50-day median on 2026-08-04; price +0.1% that day.
  7. JunInstitutionsFII + DII holding rose 3.3 pts over 2 quarters to 18.3%.
  8. JunPeer rankSlipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).
Show 22 earlier events
  1. AprPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  2. MarPriceVolume reached 13.1x its 50-day median on 2026-03-10; price +2.8% that day.
  3. DecResultsYear-on-year EPS growth turned negative.
  4. DecPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  5. NovPriceVolume reached 7.2x its 50-day median on 2025-11-13; price -1.6% that day.
  6. SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
  7. SepPriceVolume reached 6.1x its 50-day median on 2025-09-29; price -1.2% that day.
  8. JulValuationP/E fell below the 10th percentile of its own history to date (21.9x).
  9. JunPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  10. JunDividendDividend payout cut from 100% to 23% of profit.
  11. MayPriceVolume reached 7.1x its 50-day median on 2025-05-30; price +8.1% that day.
  12. MarPeer rankSlipped to the 2nd quartile of Process Industries on operating margin (from the top quartile).
  13. JanDebtDebt / equity halved over 12 months to 0.04x.
  14. DecPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
  15. DecPriceVolume reached 6.6x its 50-day median on 2024-12-09; price +3.5% that day.
  16. SepPromoterPromoter holding fell 16.5 pts to 46.2%.
  17. SepInstitutionsFII + DII holding rose 8.5 pts over 1 quarter to 15.5%.
  18. JulPriceVolume reached 11.0x its 50-day median on 2024-07-01; price -0.8% that day.
  19. JunResultsRevenue (TTM) reached a new high of ₹2,222 cr.
  20. JunValuationP/E fell below the 10th percentile of its own history to date (21.8x).
  21. JunPeer rankMoved into the top quartile of Process Industries on EPS growth (from the 2nd quartile).
  22. JunDebtDebt / equity halved over 12 months to 0.04x.

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
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1112.0x₹3505 cr20.0%14.0%0.4x
2026-1011.3x₹3505 cr19.9%14.0%0.4x
2026-0913.0x₹3505 cr19.9%14.0%0.4x
2026-0818.9x₹3438 cr13.6%14.0%0.4x
2026-0723.4x₹3438 cr13.6%14.0%0.4x
2026-0621.7x₹3438 cr13.6%14.0%0.4x
2026-0524.0x₹3552 cr13.8%26.0%0.3x
2026-0423.7x₹3552 cr13.8%26.0%0.3x
2026-0318.9x₹3552 cr13.8%26.0%0.3x
2026-0216.9x₹3374 cr16.4%26.0%0.3x
2026-0117.0x₹3374 cr16.4%26.0%0.3x
2025-1217.5x₹3374 cr16.4%26.0%0.3x
2025-1116.4x₹3228 cr18.5%26.0%0.3x
2025-1018.6x₹3228 cr18.5%26.0%0.3x
2025-0918.4x₹3228 cr18.5%26.0%0.3x
2025-0820.1x₹2983 cr19.2%26.0%0.3x
2025-0721.9x₹2983 cr19.2%26.0%0.3x
2025-0624.2x₹2983 cr19.2%26.0%0.3x
2025-0524.3x₹2642 cr31.5%—0.0x
2025-0421.2x₹2642 cr31.5%—0.0x
2025-0321.0x₹2642 cr31.5%—0.0x
2025-0219.0x₹2436 cr29.7%—0.0x
2025-0120.2x₹2436 cr29.7%—0.0x
2024-1223.8x₹2436 cr29.7%—0.0x
2024-1122.0x₹2378 cr27.8%—0.0x
2024-1021.8x₹2378 cr27.8%—0.0x
2024-0921.4x₹2378 cr27.8%—0.0x
2024-0826.8x₹2222 cr23.9%—0.0x
2024-0726.6x₹2222 cr23.9%—0.0x
2024-0621.8x₹2222 cr23.9%—0.0x
2024-05164.5x₹2009 cr3.9%—0.3x
2024-04153.6x₹2009 cr3.9%—0.3x
2024-03133.0x₹2009 cr3.9%—0.3x
2024-02134.4x₹2009 cr3.9%—0.3x
2024-01143.2x₹2009 cr3.9%—0.3x
2023-12134.2x₹2009 cr3.9%—0.3x
2023-11134.8x₹2009 cr3.9%—0.3x
2023-10128.1x₹2009 cr3.9%—0.3x
2023-09101.0x₹2009 cr3.9%—0.3x
2023-08102.8x₹2009 cr3.9%—0.3x
2023-07110.7x₹2009 cr3.9%—0.3x
2023-0699.5x₹2009 cr3.9%—0.3x
2023-0580.9x₹2009 cr3.9%—0.3x
2023-0473.6x₹2009 cr3.9%—0.3x
2023-0366.5x₹2009 cr3.9%—0.3x
2023-0268.8x₹2009 cr3.9%—0.3x
2023-0172.3x₹2009 cr3.9%—0.3x
2022-1272.2x₹2009 cr3.9%—0.3x
2022-1175.5x₹2009 cr3.9%—0.3x
2022-1078.3x₹2009 cr3.9%—0.3x
2022-0981.2x₹2009 cr3.9%—0.3x
2022-0886.2x₹2009 cr3.9%—0.3x
2022-0778.5x₹2009 cr3.9%—0.3x
2022-0671.0x₹2009 cr3.9%—0.3x
2022-0584.0x₹2009 cr3.9%—0.3x
2022-0478.2x₹2009 cr3.9%—0.3x
2022-0390.6x₹2009 cr3.9%—0.3x
2022-0297.5x₹2009 cr3.9%—0.3x
2022-01118.4x₹2009 cr3.9%—0.3x
2021-12128.0x₹2009 cr3.9%—0.3x
2021-11129.7x₹2009 cr3.9%—0.3x
2021-10139.7x₹2009 cr3.9%—0.3x
2021-09128.8x₹2009 cr3.9%—0.3x
2021-08124.8x₹2009 cr3.9%—0.3x
2021-07130.6x₹2009 cr3.9%—0.3x
2021-06133.8x₹2009 cr3.9%—0.3x
2021-05127.1x₹2009 cr3.9%—0.3x
2021-04103.1x₹2009 cr3.9%—0.3x
2021-0386.5x₹2009 cr3.9%—0.3x
2021-0289.9x₹2009 cr3.9%—0.3x
2021-0185.9x₹2009 cr3.9%—0.3x
2020-1277.7x₹2009 cr3.9%—0.3x
2020-1164.6x₹2009 cr3.9%—0.3x
2020-1049.0x₹2009 cr3.9%—0.3x
2020-0946.3x₹2009 cr3.9%—0.3x
2020-0847.3x₹2009 cr3.9%—0.3x
2020-0749.6x₹2009 cr3.9%—0.3x
2020-0669.1x₹2009 cr3.9%—0.3x
2020-0555.0x₹2009 cr3.9%—0.3x
2020-0453.9x₹2009 cr3.9%—0.3x
2020-0348.1x₹2009 cr3.9%—0.3x
2020-0265.0x₹2009 cr3.9%—0.3x
2020-0174.0x₹2009 cr3.9%—0.3x
2019-1266.7x₹2009 cr3.9%—0.3x
2019-1164.4x₹2009 cr3.9%—0.3x
2019-1062.5x₹2009 cr3.9%—0.3x
2019-0959.2x₹2009 cr3.9%—0.3x
2019-0856.2x₹2009 cr3.9%—0.3x
2019-0736.6x₹2009 cr3.9%—0.3x
2019-0643.0x₹2009 cr3.9%—0.3x
2019-0545.7x₹2009 cr3.9%—0.3x
2019-0450.7x₹2009 cr3.9%—0.3x
2019-0348.6x₹2009 cr3.9%—0.3x
2019-0248.5x₹2009 cr3.9%—0.3x
2019-0158.4x₹2009 cr3.9%—0.3x

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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