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TARSONS PRODUCTS LTD (TARSONS)

Process Industries · Containers/Packaging · figures to Nov '26

Divergence: price ahead of business (5 months)
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 55Growth 42Balance sheet 40
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.30 / 100
Price 70Earnings 19FII/DII 1

Passes these screensHigh MomentumPrice ahead of business

Compare withTIME TECHNOPLASTEPLAGI GREENPAC

Share price

Closing priceAdjusted for splits and bonus issues.

₹318.55 latest close · +19.5% over the last 90 sessions

₹300₹350Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹300₹350Jul 3Sep 4Nov 9

₹318.55 month-end · +41.3% over 12 months

₹150₹200₹250₹300Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹150₹200₹250₹300Nov '25May '26Nov '26

₹318.55 month-end · −29.7% over 3 years

₹200₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹400Nov '23May '25Nov '26

₹318.55 month-end · −54.3% since Nov '21

₹200₹400₹600₹800Nov '21Nov '22Nov '23Nov '24Nov '25Nov '26 ₹200₹400₹600₹800Nov '21May '24Nov '26

52-week range ₹164.45 to ₹375.00 · 1-year volatility 52.7%

Was the rally earned?

+41%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 43.6x to 152.4x); per-share earnings took off 108 points.
  • The share count barely moved.
Net profit growth: −108 pts. Points of the price return explained by net profit growing (or shrinking).−108 ptsNet profit growthP/E change: +150 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+150 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: +41%+41%Share priceNet profit growth: −108 pts. Points of the price return explained by net profit growing (or shrinking).−108ProfitP/E change: +150 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+150P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +41%+41%Share price
Net profit growth-108 ptsNet profit fell about 60%, which lowers the price.
P/E change+150 ptsThe P/E rose from 43.6x to 152.4x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-30%share price, 3 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 186 points, while the multiple moved less (P/E 24.0x to 152.4x).
  • The share count barely moved.
Net profit growth: −186 pts. Points of the price return explained by net profit growing (or shrinking).−186 ptsNet profit growthP/E change: +156 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+156 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: −30%−30%Share priceNet profit growth: −186 pts. Points of the price return explained by net profit growing (or shrinking).−186ProfitP/E change: +156 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+156P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −30%−30%Share price
Net profit growth-186 ptsNet profit fell about 89%, which lowers the price.
P/E change+156 ptsThe P/E rose from 24.0x to 152.4x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-54%share price, 5 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 127 points, while the multiple moved less (P/E 53.7x to 152.4x).
  • The share count barely moved.
Net profit growth: −127 pts. Points of the price return explained by net profit growing (or shrinking).−127 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 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: −54%−54%Share priceNet profit growth: −127 pts. Points of the price return explained by net profit growing (or shrinking).−127ProfitP/E change: +72 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+72P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −54%−54%Share price
Net profit growth-127 ptsNet profit fell about 84%, which lowers the price.
P/E change+72 ptsThe P/E rose from 53.7x to 152.4x, which lifts 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 TIME TECHNOPLAST

How rough has the ride been?

Maximum drawdown-80.9%not yet recovered
1-year volatility52.7%annualised
Beta vs sector index0.903-year daily, correlation 0.34
Volume spikes10last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2023202420252026−79.7% 0%−25%−50%−75%20242026−79.7%
Largest drawdowns

-80.9% (2022-09 peak to 2026-03 low, not yet recovered)

-27.3% (2021-11 peak to 2021-12 low, recovered 2022-07)

Most recent volume spikes

2026-09-21: 45.5x the 50-day median, price +11.5% that day

2026-08-18: 9.5x the 50-day median, price -6.9% that day

2026-08-17: 16.8x the 50-day median, price +0.3% 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?

152.4xP/E todayNear its historic high
Against its own history98th percentile
CheapestMedian 50.3xDearest

Usual range 25.6x to 70.7x since 2021-11.

Against Process Industries152.4x vs 18.1x
This company
152.4x
Sector median
18.1x

743% above the Process Industries median.

13.7x60.2x106.7x153.3xNov '21Nov '22Nov '23Nov '24Nov '25Nov '2613.7x60.2x106.7x153.3xNov '21Jul '23Mar '25Nov '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

  • ROCE21st▼ 8 pts vs a year ago
  • Op. margin89th▼ 6 pts vs a year ago
  • Revenue growth57th▼ 32 pts vs a year ago
  • EPS growth11th▼ 13 pts vs a year ago
  • Debt/equity ↓34th▼ 6 pts vs a year ago
  • Cash cycle ↓5th▲ 3 pts vs a year ago
  • P/E ↓3rd▼ 19 pts vs a year ago
  • 12M momentum87th▲ 78 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?

~21%annual earnings growth implied by the price

At a P/E of 32.9x, the price would imply about 21.2%/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
₹318.55
P/E
152.4x
ROCE
5.0%
Market Cap
₹1695 cr
Revenue (TTM)
₹441 cr
P/S
3.8x
P/B
2.7x
ROE
1.8%
Operating Margin
23.6%
Debt / Equity
0.6x
Promoter Holding
47.3%
12M Momentum
41.3%

52-week range

₹164.45₹375.00
73% of the way from its 52-week low to its high

Price risk

1Y volatility
52.7%
Beta vs sector
1-year daily
1.05

Balance sheet & cash

Interest cover
operating profit ÷ interest
1.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
3.85x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 beyond a threshold
Other income reliance146%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 146.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate34%Within range

Median quarterly effective tax rate over about 2.5 years: 33.7%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion3.85xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 3.85x (cash from operations ₹335 cr, net profit ₹87 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-5 daysWithin range

Debtor days are below the median of the previous three fiscal years by 5 days (74 vs 79). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress22% of fixed assetsWithin range

Capital work-in-progress is 22% 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 2 years, FIIs trimmed 6.7 pts; DIIs trimmed 2.5 pts.
  • The number of shareholders fell from 1.1 lakh to 83,453 (-22%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters47.3%47.3%0.0 pts
FIIs6.8%0.1%-6.7 pts
DIIs2.6%0.1%-2.5 pts
Public and others43.3%52.4%+9.2 pts

Number of shareholders

83,453shareholders-22% since Dec '23
83k91k100k1.1L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 1.1 lakh
Mar '24: 1.0 lakh
Jun '24: 1.1 lakh
Sep '24: 99,586
Dec '24: 96,927
Mar '25: 93,417
Jun '25: 90,891
Sep '25: 88,966
Dec '25: 87,336
Mar '26: 84,093
Jun '26: 83,453
 83k91k100k1.1L Dec '23Dec '24Dec '25Jun '26
Dec '23: 1.1 lakh
Mar '24: 1.0 lakh
Jun '24: 1.1 lakh
Sep '24: 99,586
Dec '24: 96,927
Mar '25: 93,417
Jun '25: 90,891
Sep '25: 88,966
Dec '25: 87,336
Mar '26: 84,093
Jun '26: 83,453

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

−14.8%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 TARSONS PRODUCTS 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 −28% to +35% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−9.9%, 80% range −14.8% to +4.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
RAJTV · May 2024: −65.1% vs market
HILTON · Sep 2023: −64.9% vs market
LOKESHMACH · Apr 2024: −63.3% vs market
GANGAFORGE · Jan 2024: −59.2% vs market
SPECIALITY · May 2023: −52.8% vs market
DECCANCE · Oct 2025: −52.3% vs market
REPRO · Aug 2023: −50.7% vs market
EIFFL · Feb 2023: −39.8% vs market
HESTERBIO · Nov 2024: −38.7% vs market
YUKEN · Apr 2024: −37.5% vs market
DCAL · Aug 2025: −37.4% vs market
IFBIND · Dec 2020: −28.7% vs market
ATULAUTO · Jun 2024: −28.2% vs market
SCHAND · Apr 2023: −27.1% vs market
NEOGEN · Feb 2025: −25.7% vs market
DYNAMATECH · Apr 2024: −24.8% vs market
DPSCLTD · Sep 2023: −22.2% vs market
KOKUYOCMLN · Jul 2023: −19.3% vs market
CENTUM · Apr 2024: −18.7% vs market
JPPOWER · Jan 2024: −18.6% vs market
SHILPAMED · Oct 2024: −18.5% vs market
SOBHA · Feb 2024: −17.8% vs market
KINGFA · Dec 2021: −17.6% vs market
MAXESTATES · May 2025: −17.2% vs market
ORCHPHARMA · Feb 2024: −15.3% vs market
ITI · May 2020: −14.3% vs market
JBMA · Jan 2022: −11.6% vs market
RKFORGE · Aug 2021: −5.4% vs market
ESTER · Mar 2021: −0.9% vs market
LINDEINDIA · Jan 2020: +1.9% vs market
SNOWMAN · Apr 2020: +3.8% vs market
PURVA · Jan 2024: +4.5% vs market
SOFTTECH · Sep 2024: +5.8% vs market
TEXRAIL · Aug 2023: +13.2% vs market
INDOCO · Oct 2020: +13.6% vs market
GRPLTD · May 2024: +20.9% vs market
INDIACEM · Feb 2020: +23.9% vs market
VADILALIND · May 2022: +39.1% vs market
ANANTRAJ · Dec 2021: +39.8% vs market
GENUSPOWER · Jul 2023: +40.2% vs market
SOMANYCERA · Feb 2021: +40.6% vs market
PARIN · Dec 2024: +48.1% vs market
BUTTERFLY · Nov 2020: +48.7% vs market
INTELLECT · Nov 2020: +61.4% vs market
PREMEXPLN · Aug 2023: +66.7% vs market
AVALON · May 2025: +73.0% vs market
TARC · Sep 2023: +82.2% vs market
SCHNEIDER · Jan 2023: +84.5% vs market
YASHO · Jul 2025: +91.1% vs market
SHAILY · May 2024: +201.9% vs market
Similar setups −14.8%All companies −4.9%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−14.8%
All companies' median
−4.9%
Beat the market
42% vs 45%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ANANTRAJ
Consumer Durables		 Dec 2021 215x1% +185%−3% +40%
SHILPAMED
Health Technology		 Oct 2024 170x5% +139%−6% −19%
YUKEN
Producer Manufacturing		 Apr 2024 161x8% +136%−3% −38%
EIFFL
Consumer Non-Durables		 Feb 2023 271x5% +46%−15% −40%
PREMEXPLN
Process Industries		 Aug 2023 180x7% +133%−2% +67%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SOMANYCERA
Producer Manufacturing		 Feb 2021 123x7% +159%−3% +41%
GENUSPOWER
Electronic Technology		 Jul 2023 164x6% +137%−3% +40%
NEOGEN
Process Industries		 Feb 2025 109x9% +26%−29% −26%
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 12-month momentum. 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 TARSONS PRODUCTS 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.

ASIAN HOTELS (NORTH)ASIANHOTNR
Consumer Services
63%similar
revenueROCE
STANLEY LIFESTYLESSTANLEY
Consumer Durables
59%similar
P/Erevenue
VALOR ESTATEDBREALTY
Finance
58%similar
promoter holdingP/E
TIRUPATI FORGETIRUPATIFL
Producer Manufacturing
58%similar
P/Evolatility
LOKESH MACHINESLOKESHMACH
Technology Services
57%similar
P/EROCE
BHAGIRADHA CHEMICALS AND INDUSBHAGCHEM
Process Industries
63%similar
ROCEP/E
NEOGEN CHEMICALSNEOGEN
Process Industries
62%similar
volatilityP/E
GANESHA ECOSPHEREGANECOS
Process Industries
55%similar
ROCEvolatility

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

What changed?

30 events since Feb '23

  1. JulPriceVolume reached 111.9x its 50-day median on 2026-07-06; price +10.0% that day.
  2. JunValuationP/E crossed above the 90th percentile of its own history to date (99.6x).
  3. JunPeer rankSlipped to the bottom quartile of Process Industries on ROCE (from the 3rd quartile).
  4. JunPriceVolume reached 341.3x its 50-day median on 2026-06-17; price +16.5% that day.
  5. MarPriceFell 81% from the Sep 2022 peak to the Mar 2026 low.
  6. FebPriceVolume reached 12.7x its 50-day median on 2026-02-04; price +0.8% that day.
  7. DecInstitutionsFII + DII holding fell 3.9 pts over 2 quarters to 5.9%.
  8. NovPriceVolume reached 407.9x its 50-day median on 2025-11-25; price +13.9% that day.
Show 22 earlier events
  1. AugPriceVolume reached 26.3x its 50-day median on 2025-08-12; price -3.7% that day.
  2. JunPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the top quartile).
  3. JunDividendDividend payout cut from 25% to 0% of profit.
  4. MayPriceVolume reached 13.5x its 50-day median on 2025-05-26; price +8.5% that day.
  5. AprValuationP/E crossed above the 90th percentile of its own history to date (64.4x).
  6. JanPriceVolume reached 13.0x its 50-day median on 2025-01-10; price -0.6% that day.
  7. DecResultsRevenue (TTM) reached a new high of ₹352 cr.
  8. DecValuationP/E crossed above the 90th percentile of its own history to date (62.1x).
  9. DecPriceVolume reached 21.0x its 50-day median on 2024-12-27; price +8.8% that day.
  10. SepPeer rankSlipped to the bottom quartile of Process Industries on EPS growth (from the 3rd quartile).
  11. AugPriceVolume reached 8.4x its 50-day median on 2024-08-19; price +10.6% that day.
  12. JunResultsYear-on-year EPS growth turned negative.
  13. JunValuationP/E crossed above the 90th percentile of its own history to date (62.4x).
  14. JunPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  15. JunDividendStarted paying a dividend (payout 25% of profit).
  16. JunPriceVolume reached 15.7x its 50-day median on 2024-06-18; price +5.5% that day.
  17. FebPriceVolume reached 6.1x its 50-day median on 2024-02-08; price +4.8% that day.
  18. DecPriceVolume reached 36.9x its 50-day median on 2023-12-21; price +13.6% that day.
  19. NovValuationP/E fell below the 10th percentile of its own history to date (24.0x).
  20. SepPriceVolume reached 27.2x its 50-day median on 2023-09-20; price -0.8% that day.
  21. MayPriceVolume reached 8.4x its 50-day median on 2023-05-26; price +5.9% that day.
  22. FebPriceVolume reached 6.0x its 50-day median on 2023-02-13; price -8.9% 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 history61 months · 2021-11 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11152.4x₹441 cr1.8%5.0%0.6x
2026-10139.2x₹441 cr1.7%5.0%0.6x
2026-09153.3x₹441 cr1.7%5.0%0.6x
2026-08123.3x₹423 cr2.3%5.0%0.6x
2026-07117.0x₹423 cr2.3%5.0%0.6x
2026-0699.6x₹423 cr2.3%5.0%0.6x
2026-0554.8x₹414 cr3.2%7.0%0.5x
2026-0457.6x₹414 cr3.2%7.0%0.5x
2026-0343.6x₹414 cr3.2%7.0%0.5x
2026-0249.4x₹402 cr3.3%7.0%0.5x
2026-0150.3x₹402 cr3.3%7.0%0.5x
2025-1260.4x₹402 cr3.3%7.0%0.5x
2025-1143.6x₹399 cr4.4%7.0%0.5x
2025-1055.9x₹399 cr4.4%7.0%0.5x
2025-0959.0x₹399 cr4.4%7.0%0.5x
2025-0855.7x₹392 cr4.7%7.0%0.5x
2025-0765.3x₹392 cr4.7%7.0%0.5x
2025-0670.7x₹392 cr4.7%7.0%0.5x
2025-0567.0x₹385 cr4.9%—0.4x
2025-0464.4x₹385 cr4.9%—0.4x
2025-0353.7x₹385 cr4.9%—0.4x
2025-0246.8x₹352 cr5.6%—0.4x
2025-0157.5x₹352 cr5.6%—0.4x
2024-1262.1x₹352 cr5.6%—0.4x
2024-1152.4x₹296 cr7.0%—0.4x
2024-1050.8x₹296 cr7.0%—0.4x
2024-0955.4x₹296 cr7.0%—0.4x
2024-0856.5x₹296 cr7.0%—0.4x
2024-0764.4x₹296 cr7.0%—0.4x
2024-0662.4x₹296 cr7.0%—0.4x
2024-0521.9x₹301 cr20.6%35.0%0.0x
2024-0424.3x₹301 cr20.6%35.0%0.0x
2024-0320.8x₹301 cr20.6%35.0%0.0x
2024-0224.7x₹301 cr20.6%35.0%0.0x
2024-0125.6x₹301 cr20.6%35.0%0.0x
2023-1227.9x₹301 cr20.6%35.0%0.0x
2023-1124.0x₹301 cr20.6%35.0%0.0x
2023-1024.8x₹301 cr20.6%35.0%0.0x
2023-0927.8x₹301 cr20.6%35.0%0.0x
2023-0827.1x₹301 cr20.6%35.0%0.0x
2023-0731.7x₹301 cr20.6%35.0%0.0x
2023-0631.8x₹301 cr20.6%35.0%0.0x
2023-0529.5x₹301 cr20.6%35.0%0.0x
2023-0429.9x₹301 cr20.6%35.0%0.0x
2023-0328.1x₹301 cr20.6%35.0%0.0x
2023-0231.4x₹301 cr20.6%35.0%0.0x
2023-0136.6x₹301 cr20.6%35.0%0.0x
2022-1236.7x₹301 cr20.6%35.0%0.0x
2022-1136.8x₹301 cr20.6%35.0%0.0x
2022-1041.1x₹301 cr20.6%35.0%0.0x
2022-0943.1x₹301 cr20.6%35.0%0.0x
2022-0840.6x₹301 cr20.6%35.0%0.0x
2022-0743.3x₹301 cr20.6%35.0%0.0x
2022-0637.8x₹301 cr20.6%35.0%0.0x
2022-0555.8x₹229 cr28.3%—0.1x
2022-0453.5x₹229 cr28.3%—0.1x
2022-0354.1x₹229 cr28.3%—0.1x
2022-0245.8x₹229 cr28.3%—0.1x
2022-0154.1x₹229 cr28.3%—0.1x
2021-1249.7x₹229 cr28.3%—0.1x
2021-1153.7x₹229 cr28.3%—0.1x

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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