Share price
₹153.22 latest close · −37.9% over the last 90 sessions
₹153.22 month-end · −32.2% over 12 months
₹153.22 month-end · −54.1% over 3 years
₹153.22 month-end · −74.9% since Aug '19
52-week range ₹135.02 to ₹260.80 · 1-year volatility 43.8%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-89.9% (2019-08 peak to 2020-03 low, recovered 2024-05)
-83.4% (2024-05 peak to 2026-10 low, not yet recovered)
Most recent volume spikes
2026-09-22: 7.7x the 50-day median, price +3.0% 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).
Where does it rank among Industrial Services peers?
Each cell is the company's percentile rank among its Industrial Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE80th▲ 31 pts vs a year ago
- Op. margin18thflat vs a year ago
- Revenue growth32nd▼ 62 pts vs a year ago
- EPS growth3rd
- Debt/equity ↓3rd▼ 17 pts vs a year ago
- Cash cycle ↓51st▼ 6 pts vs a year ago
- P/E ↓8th
- 12M momentum34th▲ 23 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 Industrial Services sector page Watch it move against Industrial Services in the Observatory
What is the price implying?
Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Industrial Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹153.22
- ROCE
- 27.0%
- Market Cap
- ₹3577 cr
- Revenue (TTM)
- ₹7377 cr
- P/S
- 0.5x
- P/B
- 5.5x
- ROE
- -44.2%
- Operating Margin
- 5.0%
- Debt / Equity
- 1.8x
- Promoter Holding
- 45.7%
- 12M Momentum
- -32.2%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance—Not enough data
Not enough reported data to compute this.
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 flow2 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history-13 daysWithin range
Debtor days are below the median of the previous three fiscal years by 13 days (87 vs 100). 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—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.
Who has been buying and selling?
- Over 3 years, promoters trimmed 21.8 pts; FIIs added 1.7 pts; DIIs trimmed 1.1 pts.
- The number of shareholders rose from 1.6 lakh to 3.3 lakh (+107%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like STERLING WILSON REN ENERGY 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 +61% vs the market, against −2% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +19.6%, 80% range +5.1% to +28.9%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 3 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 33 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| INDORAMA Process Industries |
Oct 2020 | — | — | −31% | −32% | +47% |
| VARDMNPOLY Process Industries |
Sep 2025 | — | 28% | −36% | −43% | −33% |
| KESORAMIND Non-Energy Minerals |
Aug 2022 | — | 19% | −24% | −34% | +61% |
| DWARKESH Process Industries |
Jul 2025 | — | — | −43% | −46% | −17% |
| EVEREADY Producer Manufacturing |
Jan 2022 | — | 25% | +39% | −32% | +28% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| HINDWAREAP Producer Manufacturing |
May 2025 | — | 10% | −21% | −40% | −19% |
| WANBURY Health Technology |
Jun 2023 | — | 21% | −14% | −23% | +91% |
| HCC Industrial Services |
Feb 2020 | — | 12% | −32% | −48% | −26% |
How reliable is this?
Matched on P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/S. Not used (unavailable for this company): P/E. This company is loss-making, so it was only compared with loss-making companies. 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 '23
- OctPriceFell 83% from the May 2024 peak to the Oct 2026 low.
- SepPeer rankSlipped to the bottom quartile of Industrial Services on operating margin (from the 3rd quartile).
- SepPriceVolume reached 7.7x its 50-day median on 2026-09-22; price +3.0% that day.
- JunPeer rankMoved into the top quartile of Industrial Services on ROCE (from the 3rd quartile).
- JunDebtDebt / equity rose above 1.0x (1.84x).
- AprPriceVolume reached 41.2x its 50-day median on 2026-04-20; price +9.3% that day.
- JanPriceVolume reached 16.2x its 50-day median on 2026-01-16; price +6.0% that day.
- DecResultsEPS (TTM) turned negative.
Show 22 earlier events
- NovPriceVolume reached 17.7x its 50-day median on 2025-11-03; price +8.5% that day.
- OctPeer rankSlipped to the 3rd quartile of Industrial Services on ROCE (from the 2nd quartile).
- SepInstitutionsFII + DII holding fell 6.8 pts over 2 quarters to 13.4%.
- JulPriceVolume reached 7.1x its 50-day median on 2025-07-09; price +8.5% that day.
- JunPeer rankMoved into the 2nd quartile of Industrial Services on ROCE (from the bottom quartile).
- JunPriceVolume reached 8.7x its 50-day median on 2025-06-12; price +2.3% that day.
- MayValuationP/E crossed above the 90th percentile of its own history to date (239.3x).
- MarResultsEPS (TTM) turned positive.
- JanPriceVolume reached 8.1x its 50-day median on 2025-01-16; price +7.8% that day.
- DecPromoterPromoter holding fell 7.2 pts to 45.8% (largest drop since 2024-03).
- DecInstitutionsFII + DII holding rose 4.6 pts over 1 quarter to 23.8%.
- OctPriceVolume reached 8.1x its 50-day median on 2024-10-01; price -2.8% that day.
- SepPriceVolume reached 30.5x its 50-day median on 2024-09-27; price +1.0% that day.
- JunSharesShare count is up 21.1% over 12 months.
- MayPriceRegained the 2019-08 peak, 50 months after the low.
- AprPriceVolume reached 13.9x its 50-day median on 2024-04-22; price +10.0% that day.
- MarPromoterPromoter holding fell 14.6 pts to 53.0%.
- MarInstitutionsFII + DII holding rose 12.3 pts over 1 quarter to 21.7%.
- MarPriceVolume reached 6.6x its 50-day median on 2024-03-14; price -2.9% that day.
- OctPriceVolume reached 9.7x its 50-day median on 2023-10-19; price +5.0% that day.
- JulPriceVolume reached 37.6x its 50-day median on 2023-07-17; price +15.7% that day.
- JunPriceVolume reached 13.3x its 50-day median on 2023-06-23; price -3.0% 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 history88 months · 2019-08 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | — | ₹7377 cr | -44.2% | 27.0% | 1.8x |
| 2026-10 | — | ₹7377 cr | -41.5% | 27.0% | 1.8x |
| 2026-09 | — | ₹7377 cr | -41.5% | 27.0% | 1.8x |
| 2026-08 | — | ₹7549 cr | -43.5% | 27.0% | 1.8x |
| 2026-07 | — | ₹7549 cr | -43.5% | 27.0% | 1.8x |
| 2026-06 | — | ₹7549 cr | -43.5% | 27.0% | 1.8x |
| 2026-05 | — | ₹8122 cr | -36.3% | 17.0% | 0.9x |
| 2026-04 | — | ₹8122 cr | -36.3% | 17.0% | 0.9x |
| 2026-03 | — | ₹8122 cr | -36.3% | 17.0% | 0.9x |
| 2026-02 | — | ₹7867 cr | -34.9% | 17.0% | 0.9x |
| 2026-01 | — | ₹7867 cr | -34.9% | 17.0% | 0.9x |
| 2025-12 | — | ₹7867 cr | -34.9% | 17.0% | 0.9x |
| 2025-11 | 48.3x | ₹7148 cr | 11.4% | 17.0% | 0.9x |
| 2025-10 | 47.0x | ₹7148 cr | 11.4% | 17.0% | 0.9x |
| 2025-09 | 51.7x | ₹7148 cr | 11.4% | 17.0% | 0.9x |
| 2025-08 | 74.5x | ₹6301 cr | 8.2% | 17.0% | 0.9x |
| 2025-07 | 80.6x | ₹6301 cr | 8.2% | 17.0% | 0.9x |
| 2025-06 | 91.7x | ₹6301 cr | 8.2% | 17.0% | 0.9x |
| 2025-05 | 239.3x | ₹4960 cr | 3.2% | 4.0% | 0.5x |
| 2025-04 | 230.0x | ₹4960 cr | 3.2% | 4.0% | 0.5x |
| 2025-03 | 212.2x | ₹4960 cr | 3.2% | 4.0% | 0.5x |
| 2025-02 | — | ₹3706 cr | -4.6% | 4.0% | 0.5x |
| 2025-01 | — | ₹3706 cr | -4.6% | 4.0% | 0.5x |
| 2024-12 | — | ₹3706 cr | -4.6% | 4.0% | 0.5x |
| 2024-11 | — | ₹3436 cr | -11.0% | 4.0% | 0.5x |
| 2024-10 | — | ₹3436 cr | -11.0% | 4.0% | 0.5x |
| 2024-09 | — | ₹3436 cr | -11.0% | 4.0% | 0.5x |
| 2024-08 | — | ₹3035 cr | -20.9% | 4.0% | 0.5x |
| 2024-07 | — | ₹3035 cr | -20.9% | 4.0% | 0.5x |
| 2024-06 | — | ₹3035 cr | -20.9% | 4.0% | 0.5x |
| 2024-05 | — | ₹2015 cr | — | -65.0% | — |
| 2024-04 | — | ₹2015 cr | — | -65.0% | — |
| 2024-03 | — | ₹2015 cr | — | -65.0% | — |
| 2024-02 | — | ₹2015 cr | — | -65.0% | — |
| 2024-01 | — | ₹2015 cr | — | -65.0% | — |
| 2023-12 | — | ₹2015 cr | — | -65.0% | — |
| 2023-11 | — | ₹2015 cr | — | -65.0% | — |
| 2023-10 | — | ₹2015 cr | — | -65.0% | — |
| 2023-09 | — | ₹2015 cr | — | -65.0% | — |
| 2023-08 | — | ₹2015 cr | — | -65.0% | — |
| 2023-07 | — | ₹2015 cr | — | -65.0% | — |
| 2023-06 | — | ₹2015 cr | — | -65.0% | — |
| 2023-05 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2023-04 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2023-03 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2023-02 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2023-01 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2022-12 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2022-11 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2022-10 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2022-09 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2022-08 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2022-07 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2022-06 | — | ₹5199 cr | -95.7% | -66.0% | 0.5x |
| 2022-05 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2022-04 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2022-03 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2022-02 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2022-01 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2021-12 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2021-11 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2021-10 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2021-09 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2021-08 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2021-07 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2021-06 | — | ₹5081 cr | -42.0% | -14.0% | 0.7x |
| 2021-05 | 11.7x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2021-04 | 15.6x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2021-03 | 13.4x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2021-02 | 11.8x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2021-01 | 12.1x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2020-12 | 13.4x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2020-11 | 11.5x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2020-10 | 11.2x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2020-09 | 11.7x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2020-08 | 13.1x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2020-07 | 11.6x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2020-06 | 11.4x | ₹5575 cr | 26.9% | 23.0% | 1.1x |
| 2020-05 | 3.6x | ₹8240 cr | 72.7% | 50.0% | 2.6x |
| 2020-04 | 4.2x | ₹8240 cr | 72.7% | 50.0% | 2.6x |
| 2020-03 | 1.9x | ₹8240 cr | 72.7% | 50.0% | 2.6x |
| 2020-02 | 4.2x | ₹8240 cr | 72.7% | 50.0% | 2.6x |
| 2020-01 | 7.4x | ₹8240 cr | 72.7% | 50.0% | 2.6x |
| 2019-12 | 8.1x | ₹8240 cr | 72.7% | 50.0% | 2.6x |
| 2019-11 | 7.7x | ₹8240 cr | 72.7% | 50.0% | 2.6x |
| 2019-10 | 14.7x | ₹8240 cr | 72.7% | 50.0% | 2.6x |
| 2019-09 | 15.7x | ₹8240 cr | 72.7% | 50.0% | 2.6x |
| 2019-08 | 15.3x | ₹8240 cr | 72.7% | 50.0% | 2.6x |