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TEMBO GLOBAL INDUSTRIES LTD (TEMBO)

Producer Manufacturing

FII/DII #12Growth #20
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.65 / 100
Profitability 77Growth 98Balance sheet 20
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.61 / 100
Price 46Earnings 38FII/DII 99
Compare withBHARAT FORGE LIMITEDSCHAEFFLER INDIA LIMITEDPTC INDUSTRIES LIMITED

Passes these screens: Value Pick · Promoters buying · Consistent compounders

Share Price
₹51.24
P/E
12.0x
ROCE
23.0%
Market Cap
₹951 cr
Revenue (TTM)
₹1144 cr
P/S
0.8x
P/B
2.1x
ROE
17.5%
Operating Margin
16.0%
Debt / Equity
0.9x
Promoter Holding
37.7%
12M Momentum
-20.8%
P/E vs its own history12th percentilesince Jul '20
P/E vs Producer Manufacturing0.4xthe sector median

52-week range

₹43.35₹83.70
20% of the way from its 52-week low to its high

Price risk

1Y volatility
43.5%
Beta vs sector
1-year daily
0.81

Balance sheet & cash

Interest cover
operating profit ÷ interest
6.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
-0.90x
low
Share count, 1Y
+26.7%

Was the rally earned?

-21%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings took off 13 points and the multiple took off 7 points (P/E 13.0x to 12.0x).
  • The share count rose 81%.
1 year Net profit growth: +40 pts. Points of the price return explained by net profit growing (or shrinking).+40 ptsP/E change: -7 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.Share count change: -53 pts. Points of the price return explained by the share count changing. More shares count against the price.-53 pts -21% 1 year Net profit growth: +40 pts. Points of the price return explained by net profit growing (or shrinking).+40 ptsP/E change: -7 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.Share count change: -53 pts. Points of the price return explained by the share count changing. More shares count against the price.-53 pts -21%
Net profit growth+40 ptsNet profit rose about 56%, which lifts the price.
P/E change-7 ptsThe P/E fell from 13.0x to 12.0x, which lowers the price.
Share count change-53 ptsShare count rose 81%, which lowers the price.
+119%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 319 points, but investors now pay less per rupee of profit (P/E 45.1x to 12.0x), which took 201 points back.
  • The share count rose 121%.
3 years Net profit growth: +440 pts. Points of the price return explained by net profit growing (or shrinking).+440 ptsP/E change: -201 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-201 ptsShare count change: -120 pts. Points of the price return explained by the share count changing. More shares count against the price.-120 pts +119% 3 years Net profit growth: +440 pts. Points of the price return explained by net profit growing (or shrinking).+440 ptsP/E change: -201 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-201 ptsShare count change: -120 pts. Points of the price return explained by the share count changing. More shares count against the price. +119%
Net profit growth+440 ptsNet profit rose about 1717%, which lifts the price.
P/E change-201 ptsThe P/E fell from 45.1x to 12.0x, which lowers the price.
Share count change-120 ptsShare count rose 121%, which lowers the price.
+71%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 419 points, but investors now pay less per rupee of profit (P/E 166.7x to 12.0x), which took 348 points back.
  • The share count rose 90%.
5 years Net profit growth: +504 pts. Points of the price return explained by net profit growing (or shrinking).+504 ptsP/E change: -348 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-348 ptsShare count change: -85 pts. Points of the price return explained by the share count changing. More shares count against the price. +71% 5 years Net profit growth: +504 pts. Points of the price return explained by net profit growing (or shrinking).+504 ptsP/E change: -348 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-348 ptsShare count change: -85 pts. Points of the price return explained by the share count changing. More shares count against the price. +71%
Net profit growth+504 ptsNet profit rose about 4408%, which lifts the price.
P/E change-348 ptsThe P/E fell from 166.7x to 12.0x, which lowers the price.
Share count change-85 ptsShare count rose 90%, which lowers 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 BHARAT FORGE

Is it expensive against its own past and its peers?

12.0xP/E todayNear its historic low
Against its own history12th percentileMedian 47.0x; usual range 12.0x to 114.3x since 2020-07.
Against Producer Manufacturing12.0x vs 28.5xBelow the Producer Manufacturing median.
9.7x66.4x123.0x179.7xJul '20Oct '21Jan '23Apr '24Jul '25Oct '269.7x66.4x123.0x179.7xJul '20Aug '22Sep '24Oct '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/B (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dashed 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 Producer Manufacturing is valued

What is the price implying?

~23%annual earnings growth implied by the price

At a P/E of 37.2x, the price would imply about 22.5%/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 Producer Manufacturing The market-wide Expectations lists

What changed?

  1. Sep '26Year-on-year EPS growth turned negative.
  2. Sep '26Slipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  3. Aug '26Volume reached 13.0x its 50-day median on 2026-08-05; price +14.8% that day.
  4. Jul '26Share count is up 26.7% over 12 months.
  5. Jun '26Slipped to the 3rd quartile of Producer Manufacturing on operating margin (from the top quartile).
  6. Jun '26Debt / equity fell below 1.0x (0.85x).
  7. May '26Volume reached 9.7x its 50-day median on 2026-05-25; price +0.6% that day.
  8. Mar '26Promoter holding fell 7.2 pts to 36.4% (largest drop since 2025-06).
Show 22 earlier events
  1. Mar '26FII + DII holding rose 8.6 pts over 2 quarters to 8.8%.
  2. Mar '26Moved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  3. Jan '26Volume reached 21.5x its 50-day median on 2026-01-02; price +5.0% that day.
  4. Dec '25Promoter holding rose 2.2 pts to 43.6%.
  5. Dec '25P/E fell below the 10th percentile of its own history to date (12.3x).
  6. Dec '25Moved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  7. Nov '25Volume reached 12.0x its 50-day median on 2025-11-10; price +9.9% that day.
  8. Sep '25Promoter holding fell 2.2 pts to 41.4% (largest drop since 2025-06).
  9. Aug '25Volume reached 28.4x its 50-day median on 2025-08-25; price +8.4% that day.
  10. Jun '25Promoter holding fell 11.8 pts to 43.6%.
  11. Jun '25Moved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  12. Jun '25Debt / equity rose above 1.0x (1.22x).
  13. Jun '25Dividend payout cut from 8% to 3% of profit.
  14. Jun '25Share count is up 36.4% over 12 months.
  15. May '25Fell 55% from the Jan 2025 peak to the May 2025 low.
  16. Mar '25Moved into the top quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  17. Feb '25Slipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top quartile).
  18. Dec '24P/E fell below the 10th percentile of its own history to date (33.1x).
  19. Dec '24Moved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  20. Nov '24Volume reached 8.5x its 50-day median on 2024-11-07; price +5.0% that day.
  21. Sep '24Regained the 2021-10 peak, 23 months after the low.
  22. Sep '24Volume reached 66.1x its 50-day median on 2024-09-03; price +20.0% 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

Are profits backed by cash?

3 of 7 checks are within range, 2 near a threshold, 2 beyond a threshold.
Tap a check to see how it is measured.

Other income reliance12%Within range

Other income as a share of pre-tax profit (trailing twelve months): 12.2%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.90xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.90x (cash from operations ₹-150 cr, net profit ₹167 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+44 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 44 days (78 vs 34). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress58% of fixed assetsWithin range

Capital work-in-progress is 58% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+68 days / 2 yrsNear threshold

Days payable changed by +68 over two years. Bands: rise of up to 30 days; more than 30 days.

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 17.7 pts; FIIs added 6.9 pts; DIIs added 1.6 pts.
  • The number of shareholders rose from 4,603 to 17,962 (+290%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters55.4%37.7%-17.7 pts
FIIs1.6%8.5%+6.9 pts
DIIs0.0%1.6%+1.6 pts
Public and others42.9%52.1%+9.2 pts

Number of shareholders

17,962shareholders+290% since Dec '23
5k9k14k19k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 4,603
Mar '24: 6,029
Jun '24: 6,508
Sep '24: 10,385
Dec '24: 16,912
Mar '25: 19,007
Jun '25: 17,965
Sep '25: 17,870
Dec '25: 16,106
Mar '26: 17,469
Jun '26: 17,962
 5k9k14k19k Dec '23Dec '24Dec '25Jun '26
Dec '23: 4,603
Mar '24: 6,029
Jun '24: 6,508
Sep '24: 10,385
Dec '24: 16,912
Mar '25: 19,007
Jun '25: 17,965
Sep '25: 17,870
Dec '25: 16,106
Mar '26: 17,469
Jun '26: 17,962

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

How rough has the ride been?

Maximum drawdown-73.7%recovered 2024-09
1-year volatility43.5%annualised
Beta vs sector index0.643-year daily, correlation 0.26
Volume spikes2last 90 sessions, 5x the 50-day median

Monthly share price

₹8₹32₹56₹81 Jul '20Oct '21Jan '23Apr '24Jul '25Oct '26
2020-07: ₹7.50
2020-08: ₹8.50
2020-09: ₹8.55
2020-10: ₹9.00
2020-11: ₹10.20
2020-12: ₹10.40
2021-01: ₹10.10
2021-02: ₹9.85
2021-03: ₹9.70
2021-04: ₹13.75
2021-05: ₹16.40
2021-06: ₹18.85
2021-07: ₹20.60
2021-08: ₹25.30
2021-09: ₹32.35
2021-10: ₹30.00
2021-11: ₹28.50
2021-12: ₹28.80
2022-01: ₹28.45
2022-02: ₹21.85
2022-03: ₹19.90
2022-04: ₹20.55
2022-05: ₹15.85
2022-06: ₹11.75
2022-07: ₹16.60
2022-08: ₹11.00
2022-09: ₹10.85
2022-10: ₹10.75
2022-11: ₹10.95
2022-12: ₹13.10
2023-01: ₹16.15
2023-02: ₹16.00
2023-03: ₹20.00
2023-04: ₹23.00
2023-05: ₹22.75
2023-06: ₹24.65
2023-07: ₹22.40
2023-08: ₹22.00
2023-09: ₹23.75
2023-10: ₹23.45
2023-11: ₹23.65
2023-12: ₹27.30
2024-01: ₹28.80
2024-02: ₹28.40
2024-03: ₹25.15
2024-04: ₹22.90
2024-05: ₹22.95
2024-06: ₹23.40
2024-07: ₹22.90
2024-08: ₹28.90
2024-09: ₹52.10
2024-10: ₹51.95
2024-11: ₹69.55
2024-12: ₹80.85
2025-01: ₹68.45
2025-02: ₹58.95
2025-03: ₹51.50
2025-04: ₹41.80
2025-05: ₹46.05
2025-06: ₹55.00
2025-07: ₹50.70
2025-08: ₹65.45
2025-09: ₹59.00
2025-10: ₹64.70
2025-11: ₹74.70
2025-12: ₹60.95
2026-01: ₹54.40
2026-02: ₹53.25
2026-03: ₹46.80
2026-04: ₹60.50
2026-05: ₹60.30
2026-06: ₹57.10
2026-07: ₹55.30
2026-08: ₹58.05
2026-09: ₹57.67
2026-10: ₹51.24
 ₹8₹32₹56₹81 Jul '20Aug '22Sep '24Oct '26
2020-07: ₹7.50
2020-08: ₹8.50
2020-09: ₹8.55
2020-10: ₹9.00
2020-11: ₹10.20
2020-12: ₹10.40
2021-01: ₹10.10
2021-02: ₹9.85
2021-03: ₹9.70
2021-04: ₹13.75
2021-05: ₹16.40
2021-06: ₹18.85
2021-07: ₹20.60
2021-08: ₹25.30
2021-09: ₹32.35
2021-10: ₹30.00
2021-11: ₹28.50
2021-12: ₹28.80
2022-01: ₹28.45
2022-02: ₹21.85
2022-03: ₹19.90
2022-04: ₹20.55
2022-05: ₹15.85
2022-06: ₹11.75
2022-07: ₹16.60
2022-08: ₹11.00
2022-09: ₹10.85
2022-10: ₹10.75
2022-11: ₹10.95
2022-12: ₹13.10
2023-01: ₹16.15
2023-02: ₹16.00
2023-03: ₹20.00
2023-04: ₹23.00
2023-05: ₹22.75
2023-06: ₹24.65
2023-07: ₹22.40
2023-08: ₹22.00
2023-09: ₹23.75
2023-10: ₹23.45
2023-11: ₹23.65
2023-12: ₹27.30
2024-01: ₹28.80
2024-02: ₹28.40
2024-03: ₹25.15
2024-04: ₹22.90
2024-05: ₹22.95
2024-06: ₹23.40
2024-07: ₹22.90
2024-08: ₹28.90
2024-09: ₹52.10
2024-10: ₹51.95
2024-11: ₹69.55
2024-12: ₹80.85
2025-01: ₹68.45
2025-02: ₹58.95
2025-03: ₹51.50
2025-04: ₹41.80
2025-05: ₹46.05
2025-06: ₹55.00
2025-07: ₹50.70
2025-08: ₹65.45
2025-09: ₹59.00
2025-10: ₹64.70
2025-11: ₹74.70
2025-12: ₹60.95
2026-01: ₹54.40
2026-02: ₹53.25
2026-03: ₹46.80
2026-04: ₹60.50
2026-05: ₹60.30
2026-06: ₹57.10
2026-07: ₹55.30
2026-08: ₹58.05
2026-09: ₹57.67
2026-10: ₹51.24

Last 90 trading days

₹51₹56₹61₹66 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹54.85
2026-06-25: ₹55.45
2026-06-30: ₹57.10
2026-07-02: ₹57.90
2026-07-06: ₹56.70
2026-07-08: ₹56.65
2026-07-10: ₹55.75
2026-07-14: ₹54.70
2026-07-16: ₹55.00
2026-07-20: ₹54.70
2026-07-22: ₹52.60
2026-07-24: ₹53.05
2026-07-28: ₹56.10
2026-07-30: ₹56.60
2026-08-03: ₹56.05
2026-08-05: ₹65.90
2026-08-07: ₹60.95
2026-08-11: ₹61.70
2026-08-13: ₹59.85
2026-08-17: ₹60.35
2026-08-19: ₹59.75
2026-08-21: ₹58.30
2026-08-25: ₹56.30
2026-08-27: ₹57.70
2026-08-31: ₹58.05
2026-09-02: ₹56.67
2026-09-04: ₹58.47
2026-09-08: ₹58.17
2026-09-10: ₹57.12
2026-09-15: ₹55.52
2026-09-17: ₹56.57
2026-09-21: ₹57.80
2026-09-23: ₹59.31
2026-09-25: ₹58.28
2026-09-29: ₹57.99
2026-10-01: ₹57.16
2026-10-06: ₹58.25
2026-10-08: ₹55.91
2026-10-12: ₹55.56
2026-10-14: ₹55.74
2026-10-16: ₹58.82
2026-10-21: ₹53.13
2026-10-23: ₹50.53
2026-10-27: ₹53.17
2026-10-29: ₹53.01
2026-10-30: ₹51.24
 ₹51₹56₹61₹66 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹54.85
2026-06-25: ₹55.45
2026-06-30: ₹57.10
2026-07-02: ₹57.90
2026-07-06: ₹56.70
2026-07-08: ₹56.65
2026-07-10: ₹55.75
2026-07-14: ₹54.70
2026-07-16: ₹55.00
2026-07-20: ₹54.70
2026-07-22: ₹52.60
2026-07-24: ₹53.05
2026-07-28: ₹56.10
2026-07-30: ₹56.60
2026-08-03: ₹56.05
2026-08-05: ₹65.90
2026-08-07: ₹60.95
2026-08-11: ₹61.70
2026-08-13: ₹59.85
2026-08-17: ₹60.35
2026-08-19: ₹59.75
2026-08-21: ₹58.30
2026-08-25: ₹56.30
2026-08-27: ₹57.70
2026-08-31: ₹58.05
2026-09-02: ₹56.67
2026-09-04: ₹58.47
2026-09-08: ₹58.17
2026-09-10: ₹57.12
2026-09-15: ₹55.52
2026-09-17: ₹56.57
2026-09-21: ₹57.80
2026-09-23: ₹59.31
2026-09-25: ₹58.28
2026-09-29: ₹57.99
2026-10-01: ₹57.16
2026-10-06: ₹58.25
2026-10-08: ₹55.91
2026-10-12: ₹55.56
2026-10-14: ₹55.74
2026-10-16: ₹58.82
2026-10-21: ₹53.13
2026-10-23: ₹50.53
2026-10-27: ₹53.17
2026-10-29: ₹53.01
2026-10-30: ₹51.24

Drawdown from peak

0% -36% -72% Feb '19Dec '22Oct '26 0% -36% -72% Feb '19Dec '22Oct '26
Largest drawdowns

-73.7% (2021-10 peak to 2022-10 low, recovered 2024-09)

-54.6% (2025-01 peak to 2025-05 low, not yet recovered)

-20.9% (2021-03 peak to 2021-04 low, recovered 2021-04)

Most recent volume spikes

2026-08-06: 5.5x the 50-day median, price -3.2% that day

2026-08-05: 13x the 50-day median, price +14.8% 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 Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing 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).

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '26
Lower rank Higher rank

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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

CompanySectorSimilarityClosest on
CELLECOR GADGETS (CELLECOR)Consumer Durables77%ROCE, volatility
K P ENERGY (KPEL)Utilities63%debt/equity, market cap
DYNACONS SYSTEMS & SOLUTIONS (DSSL)Technology Services54%debt/equity, revenue
DMCC SPECIALITY CHEMICALS (DMCC)Process Industries53%EPS growth, market cap
ASHAPURA MINECHEM (ASHAPURMIN)Non-Energy Minerals46%debt/equity, revenue growth
SHAKTI PUMPS (INDIA) (SHAKTIPUMP)Producer Manufacturing41%EPS growth, ROCE
SOLEX ENERGY (SOLEX)Producer Manufacturing38%revenue growth, EPS growth
PITTI ENGINEERING (PITTIENG)Producer Manufacturing37%operating margin, debt/equity

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

What happened next to similar setups

−6.6%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 TEMBO GLOBAL INDUSTRIES 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 −22% to +30% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (−3.3%, 80% range −9.4% to +0.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
NACLIND · Aug 2023: −55.4% vs market
POWERMECH · Jan 2020: −49.3% vs market
BIRLANU · Feb 2022: −45.2% vs market
VRLLOG · Jan 2024: −41.5% vs market
KUANTUM · Feb 2024: −40.5% vs market
DHAMPURSUG · Aug 2023: −39.9% vs market
SATIA · Nov 2020: −35.4% vs market
CAPACITE · Aug 2025: −29.4% vs market
NIPPOBATRY · Sep 2021: −28.3% vs market
MONTECARLO · Oct 2023: −27.5% vs market
SHK · Mar 2022: −27.0% vs market
RAYMOND · Feb 2024: −26.1% vs market
GNA · Dec 2023: −22.7% vs market
MMFL · Oct 2023: −19.6% vs market
LUMAXIND · Jan 2024: −18.4% vs market
SAGCEM · Apr 2022: −15.8% vs market
MANGLMCEM · Oct 2021: −15.6% vs market
ARVSMART · Jun 2020: −13.6% vs market
KCP · Nov 2021: −11.6% vs market
VADILALIND · Dec 2020: −11.2% vs market
ALICON · Jan 2020: −10.9% vs market
KEC · May 2021: −10.7% vs market
AGARIND · Oct 2023: −9.9% vs market
GHCL · Feb 2020: −7.7% vs market
PITTIENG · Jul 2025: −6.9% vs market
ORIENTCEM · Apr 2022: −6.3% vs market
SMCGLOBAL · Apr 2022: −6.0% vs market
AXISCADES · Jun 2020: −5.4% vs market
VISHNU · Dec 2023: −4.9% vs market
ICIL · Nov 2024: −3.8% vs market
UTTAMSUGAR · Mar 2025: −1.4% vs market
INDOAMIN · Oct 2025: −0.8% vs market
PNCINFRA · Jan 2022: +12.2% vs market
CARYSIL · Oct 2024: +13.3% vs market
KPIL · Mar 2020: +14.9% vs market
RKFORGE · Jan 2020: +20.0% vs market
CEIGALL · Aug 2025: +29.4% vs market
AWHCL · Apr 2023: +30.4% vs market
JKLAKSHMI · Jan 2022: +31.6% vs market
WELENT · Aug 2025: +36.2% vs market
HFCL · Feb 2020: +49.0% vs market
HINDWAREAP · Jun 2022: +51.8% vs market
HGINFRA · Dec 2023: +52.2% vs market
TCPLPACK · Apr 2024: +70.0% vs market
GULFOILLUB · Sep 2023: +79.7% vs market
PDSL · Oct 2022: +82.0% vs market
BANCOINDIA · Aug 2024: +84.3% vs market
THANGAMAYL · Jun 2020: +93.0% vs market
LUMAXTECH · Aug 2024: +142.0% vs market
GRAVITA · Nov 2020: +170.4% vs market
Similar setups −6.6%All companies −3.3%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
−6.6%
All companies' median
−3.3%
Beat the market
36% vs 46%

50 past situations · 50 companies · 31 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TCPLPACK
Commercial Services		 Apr 2024 17x21% +39%−15% +70%
LUMAXIND
Producer Manufacturing		 Jan 2024 22x19% +46%−11% −18%
THANGAMAYL
Consumer Durables		 Jun 2020 9x21% −24%−43% +93%
MANGLMCEM
Non-Energy Minerals		 Oct 2021 12x17% +115%−22% −16%
GRAVITA
Non-Energy Minerals		 Nov 2020 11x19% +27%−24% +170%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
HGINFRA
Industrial Services		 Dec 2023 11x25% +37%−15% +52%
JKLAKSHMI
Non-Energy Minerals		 Jan 2022 16x20% +77%−24% +32%
MMFL
Producer Manufacturing		 Oct 2023 16x15% +10%−19% −20%
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: 12-month momentum, drawdown from 12-month high and 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.

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 TEMBO GLOBAL INDUSTRIES 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 2026-10-30. 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: 97,430 company-months from 2000 companies; financial: 5,632 company-months from 106 companies. 2240 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.
Monthly history (76 months)
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1012.0x₹1144 cr17.5%23.0%0.9x
2026-0913.5x₹1144 cr17.5%23.0%0.9x
2026-0810.9x₹1090 cr15.7%23.0%0.9x
2026-0710.4x₹1090 cr15.7%23.0%0.9x
2026-0610.7x₹1090 cr15.7%23.0%0.9x
2026-0512.5x₹1018 cr28.9%31.0%1.2x
2026-0412.5x₹1018 cr28.9%31.0%1.2x
2026-039.7x₹1018 cr28.9%31.0%1.2x
2026-0210.8x₹935 cr26.5%31.0%1.2x
2026-0111.0x₹935 cr26.5%31.0%1.2x
2025-1212.3x₹935 cr26.5%31.0%1.2x
2025-1115.1x₹854 cr24.1%31.0%1.2x
2025-1013.0x₹854 cr24.1%31.0%1.2x
2025-0911.9x₹854 cr24.1%31.0%1.2x
2025-0815.5x₹734 cr18.9%31.0%1.2x
2025-0712.0x₹734 cr18.9%31.0%1.2x
2025-0613.0x₹734 cr18.9%31.0%1.2x
2025-0513.1x₹582 cr46.3%24.0%0.8x
2025-0411.9x₹582 cr46.3%24.0%0.8x
2025-0314.7x₹582 cr46.3%24.0%0.8x
2025-0224.2x₹529 cr29.7%24.0%0.8x
2025-0128.1x₹529 cr29.7%24.0%0.8x
2024-1233.1x₹529 cr29.7%24.0%0.8x
2024-1143.5x₹479 cr18.7%24.0%0.8x
2024-1032.5x₹479 cr18.7%24.0%0.8x
2024-0932.6x₹479 cr18.7%24.0%0.8x
2024-0822.6x₹432 cr15.4%24.0%0.8x
2024-0717.9x₹432 cr15.4%24.0%0.8x
2024-0618.3x₹432 cr15.4%24.0%0.8x
2024-0544.1x₹250 cr10.9%18.0%1.0x
2024-0444.0x₹250 cr10.9%18.0%1.0x
2024-0348.4x₹250 cr10.9%18.0%1.0x
2024-0254.6x₹250 cr10.9%18.0%1.0x
2024-0155.4x₹250 cr10.9%18.0%1.0x
2023-1252.5x₹250 cr10.9%18.0%1.0x
2023-1145.5x₹250 cr10.9%18.0%1.0x
2023-1045.1x₹250 cr10.9%18.0%1.0x
2023-0945.7x₹250 cr10.9%18.0%1.0x
2023-0842.3x₹250 cr10.9%18.0%1.0x
2023-0743.1x₹250 cr10.9%18.0%1.0x
2023-0647.4x₹250 cr10.9%18.0%1.0x
2023-0598.9x₹176 cr9.0%10.0%1.6x
2023-04100.0x₹176 cr9.0%10.0%1.6x
2023-0387.0x₹176 cr9.0%10.0%1.6x
2023-0269.6x₹176 cr9.0%10.0%1.6x
2023-0170.2x₹176 cr9.0%10.0%1.6x
2022-1257.0x₹176 cr9.0%10.0%1.6x
2022-1147.6x₹176 cr9.0%10.0%1.6x
2022-1046.7x₹176 cr9.0%10.0%1.6x
2022-0947.2x₹176 cr9.0%10.0%1.6x
2022-0847.8x₹176 cr9.0%10.0%1.6x
2022-0772.2x₹176 cr9.0%10.0%1.6x
2022-0651.1x₹176 cr9.0%10.0%1.6x
2022-0588.1x₹104 cr7.6%12.0%1.6x
2022-04114.2x₹104 cr7.6%12.0%1.6x
2022-03110.6x₹104 cr7.6%12.0%1.6x
2022-02121.4x₹104 cr7.6%12.0%1.6x
2022-01158.1x₹104 cr7.6%12.0%1.6x
2021-12160.0x₹104 cr7.6%12.0%1.6x
2021-11158.3x₹104 cr7.6%12.0%1.6x
2021-10166.7x₹104 cr7.6%12.0%1.6x
2021-09179.7x₹104 cr7.6%12.0%1.6x
2021-08140.6x₹104 cr7.6%12.0%1.6x
2021-07114.4x₹104 cr7.6%12.0%1.6x
2021-06104.7x₹104 cr7.6%12.0%1.6x
2021-0596.5x₹79 cr4.0%—0.8x
2021-0480.9x₹79 cr4.0%—0.8x
2021-0357.1x₹79 cr4.0%—0.8x
2021-0257.9x₹79 cr4.0%—0.8x
2021-0159.4x₹79 cr4.0%—0.8x
2020-1261.2x₹79 cr4.0%—0.8x
2020-1160.0x₹79 cr4.0%—0.8x
2020-1052.9x₹79 cr4.0%—0.8x
2020-0950.3x₹79 cr4.0%—0.8x
2020-0850.0x₹79 cr4.0%—0.8x
2020-0744.1x₹79 cr4.0%—0.8x

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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