अApnaFunda

SUNREST LIFESCIENCE LIMITED (SUNREST)

Health Technology · Pharmaceuticals: Generic · 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 78Balance sheet 13

Passes these screensValue Pick

Share price

Closing priceAdjusted for splits and bonus issues.

₹35.7 latest close · −10.7% over the last 90 sessions

₹30₹35₹40₹45Mar 25May 5Jun 30Aug 20Sep 21Nov 8 ₹30₹35₹40₹45Mar 25Aug 7Nov 8

₹35.7 month-end · −0.1% over 12 months

₹30₹35₹40Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹30₹35₹40Nov '25May '26Nov '26

₹35.7 month-end · −14.9% since Jun '25

₹30₹35₹40Jun '25Sep '25Jan '26Apr '26Aug '26Nov '26 ₹30₹35₹40Jun '25Mar '26Nov '26

52-week range ₹24.55 to ₹62.40 · 1-year volatility 88.5%

Was the rally earned?

-0%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (-0%).
  • The share count barely moved.
Net profit growth: +72 pts. Points of the price return explained by net profit growing (or shrinking).+72 ptsNet profit growthP/E change: −72 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−72 ptsP/E changeShare price: 0%0%Share priceNet profit growth: +72 pts. Points of the price return explained by net profit growing (or shrinking).+72ProfitP/E change: −72 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−72P/EShare price: 0%0%Share price
Net profit growth+72 ptsNet profit growth over the period.
P/E change-72 ptsThe P/E fell from 7.6x to 3.7x, 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.

Not shown for 3 years and 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.

Compare this with RUBICON RESEARCH

How rough has the ride been?

Maximum drawdown-62.3%not yet recovered
1-year volatility88.5%annualised

Drawdown from peak

0%−20%−40%−60%202420252026−59.2% 0%−20%−40%−60%20252026−59.2%
Largest drawdowns

-62.3% (2023-11 peak to 2026-01 low, not yet recovered)

Where does it rank among Health Technology peers?

Each cell is the company's percentile rank among its Health Technology 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

  • ROCE78th
  • Revenue growth98th
  • EPS growth88th
  • Debt/equity ↓10thflat vs a year ago
  • Cash cycle ↓56th▲ 12 pts vs a year ago
  • P/E ↓100th▲ 3 pts vs a year ago
  • 12M momentum40thflat vs a year ago

Rank history

ROCE
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 Health Technology sector page Watch it move against Health Technology in the Observatory

What is the price implying?

~-3%annual earnings growth implied by the price

At a P/E of 3.7x, the price would imply about −2.6%/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 Health Technology The market-wide Expectations lists

Key figures

Share Priceclose 8 Nov
₹35.70
P/E
3.7x
ROCE
23.2%
Market Cap
₹15 cr
Revenue (TTM)
₹71 cr
P/S
0.2x
P/B
0.7x
ROE
20.1%
Debt / Equity
0.9x
Promoter Holding
53.5%
12M Momentum
-0.1%

52-week range

₹24.55₹62.40
29% of the way from its 52-week low to its high

Price risk

1Y volatility
88.5%
Beta vs sector
1-year daily
0.09

Balance sheet & cash

Interest cover
operating profit ÷ interest
8.1x
Share count, 1Y
unchanged

Are profits backed by cash?

0 of 1checks within range1 near a threshold
Other income reliance25%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 24.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow—Not enough data

Not enough reported data to compute this.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress—Not enough data

Not enough reported data to compute this.

Payable days—Not enough data

Not enough reported data to compute this.

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 2 years, promoters trimmed 16.4 pts.
  • The number of shareholders fell from 580 to 484 (-17%) between Mar 2024 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupMar '24Jun '26Change
Promoters69.9%53.5%-16.4 pts
FIIs———
DIIs———
Public and others30.1%46.5%+16.4 pts

Number of shareholders

484shareholders-17% since Mar '24
484516548580 Mar '24Sep '25Dec '25Jun '26
Mar '24: 580
Sep '25: 498
Dec '25: 491
Jun '26: 484
484516548580 Mar '24Sep '25Dec '25Jun '26
Mar '24: 580
Sep '25: 498
Dec '25: 491
Jun '26: 484

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

+22.6%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 SUNREST LIFESCIENCE LIMITED today on valuation, return on capital, debt, growth, price momentum and size.
  • Over the following 12 months the middle half of them returned −21% to +60% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+23.5%, 80% range −0.6% to +39.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
CMRSL · Jun 2024: −48.6% vs market
RKEC · Dec 2024: −44.5% vs market
USK · Aug 2024: −38.3% vs market
AHLADA · Sep 2024: −37.4% vs market
MARALOVER · Jul 2022: −35.6% vs market
MARCO · Jun 2025: −35.3% vs market
BANSWRAS · Oct 2023: −32.6% vs market
PRECOT · Jun 2022: −32.2% vs market
ELECTHERM · Jan 2020: −31.9% vs market
KANPRPLA · Feb 2022: −29.9% vs market
RADAAN · Mar 2025: −28.2% vs market
HARRMALAYA · Jan 2022: −23.9% vs market
SHREYANIND · Feb 2024: −22.4% vs market
DAMODARIND · Jun 2022: −15.3% vs market
UNIVASTU · Jul 2020: −8.1% vs market
HISARMETAL · May 2023: −5.5% vs market
GLOBE · Apr 2025: −5.1% vs market
SGL · Sep 2020: −4.6% vs market
SALONA · Aug 2022: −3.1% vs market
PRECISION · Oct 2023: −2.7% vs market
UMIYA-MRO · Apr 2023: −0.4% vs market
LAXMICOT · Mar 2023: +1.0% vs market
NAGREEKEXP · Jun 2021: +9.5% vs market
SALZERELEC · Jun 2020: +14.8% vs market
KHAITANLTD · Aug 2025: +20.0% vs market
ARIES · Feb 2022: +25.2% vs market
BHARATGEAR · Jul 2022: +25.3% vs market
LAGNAM · Nov 2022: +26.8% vs market
NAGREEKCAP · Oct 2024: +27.2% vs market
IVP · Dec 2022: +41.3% vs market
LAMBODHARA · Aug 2022: +46.2% vs market
SMLT · Dec 2022: +46.9% vs market
REXPIPES · May 2024: +47.3% vs market
TARMAT · Jun 2020: +49.7% vs market
OMFURN · May 2024: +51.6% vs market
AIROLAM · Jul 2021: +53.2% vs market
MAGADSUGAR · Nov 2020: +56.7% vs market
ARISTO · Apr 2024: +60.4% vs market
20MICRONS · Feb 2021: +62.7% vs market
GOODLUCK · Apr 2020: +67.7% vs market
RELIABLE · Jul 2025: +75.3% vs market
DSSL · Jan 2020: +90.4% vs market
TOTAL · Jun 2022: +100.6% vs market
KMSUGAR · Feb 2021: +104.7% vs market
AUSOMENT · Jul 2020: +113.2% vs market
SURYALAXMI · Mar 2021: +116.3% vs market
POCL · Apr 2024: +120.4% vs market
JWL · Sep 2021: +120.7% vs market
GALLANTT · Mar 2023: +132.2% vs market
AGARIND · Dec 2020: +180.7% vs market
Similar setups +22.6%All companies −0.9%← 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 · 8 beyond the range shown, drawn at the edge

Similar setups' median
+22.6%
All companies' median
−0.9%
Beat the market
58% vs 49%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DSSL
Technology Services
Jan 2020 5x21% −18%−29% +90%
LAXMICOT
Process Industries
Mar 2023 6x— −5%−45% +1%
CMRSL
Commercial Services
Jun 2024 13x30% +44%−16% −49%
LAGNAM
Process Industries
Nov 2022 4x22% +26%−44% +27%
SALONA
Process Industries
Aug 2022 7x22% +25%−26% −3%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
AGARIND
Process Industries
Dec 2020 4x17% +28%−13% +181%
KHAITANLTD
Consumer Durables
Aug 2025 7x— +10%−32% +20%
NAGREEKCAP
Finance
Oct 2024 2x32% +50%−20% +27%
How reliable is this?

Matched on P/E, P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high and size. Closest on: 12-month momentum, drawdown from 12-month high and P/S. Not used (unavailable for this company): operating margin and volatility. 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 SUNREST LIFESCIENCE 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 changed?

3 events since Dec '25

  1. JunResultsRevenue (TTM) reached a new high of ₹71 cr.
  2. JanPriceFell 62% from the Nov 2023 peak to the Jan 2026 low.
  3. DecPromoterPromoter holding fell 15.9 pts to 54.0%.

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 history18 months · 2025-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-113.7x₹71 cr20.1%23.2%0.9x
2026-104.1x₹71 cr20.1%23.2%0.9x
2026-094.0x₹71 cr20.1%23.2%0.9x
2026-084.1x₹71 cr20.1%23.2%0.9x
2026-073.5x₹71 cr20.1%23.2%0.9x
2026-063.3x₹71 cr20.1%23.2%0.9x
2026-057.0x₹33 cr12.3%—0.7x
2026-047.2x₹33 cr12.3%—0.7x
2026-037.4x₹33 cr12.3%—0.7x
2026-028.0x₹33 cr12.3%—0.7x
2026-015.9x₹33 cr12.3%—0.7x
2025-127.4x₹33 cr12.3%—0.7x
2025-117.6x₹33 cr12.3%—0.7x
2025-108.7x₹33 cr12.3%—0.7x
2025-098.4x₹33 cr12.3%—0.7x
2025-088.7x₹33 cr12.3%—0.7x
2025-079.1x₹33 cr12.3%—0.7x
2025-069.0x₹33 cr12.3%—0.7x

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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