Share price
₹424.55 latest close · −30.1% over the last 90 sessions
₹424.55 month-end · −12.3% over 12 months
52-week range ₹419.10 to ₹657.00 · 1-year volatility 37.6%
Was the rally earned?
Mostly earnings.
- Per-share earnings took off 27 points, while the multiple moved less (P/E 24.4x to 28.5x).
- The share count rose 41%.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-35.0% (2026-05 peak to 2026-11 low, not yet recovered)
Most recent volume spikes
2026-08-20: 7.4x the 50-day median, price +2.1% that day
2026-08-12: 100.3x the 50-day median, price -1.8% that day
2026-08-06: 6.3x the 50-day median, price -1.7% that day
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).
Where it ranks today
- ROCE99thflat vs a year ago
- Op. margin75th▼ 6 pts vs a year ago
- Revenue growth53rd
- EPS growth20th
- Debt/equity ↓79th▼ 9 pts vs a year ago
- Cash cycle ↓98thflat vs a year ago
- P/E ↓54th▼ 12 pts vs a year ago
- 12M momentum41st
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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory
What is the price implying?
At a P/E of 28.5x, the price would imply about 15.7%/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 Producer Manufacturing The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹424.55
- P/E
- 28.5x
- ROCE
- 61.0%
- Market Cap
- ₹17124 cr
- Revenue (TTM)
- ₹5663 cr
- P/S
- 3.0x
- P/B
- 14.3x
- ROE
- 50.1%
- Operating Margin
- 16.0%
- Debt / Equity
- 0.0x
- Promoter Holding
- 74.8%
- 12M Momentum
- -12.3%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance1%Within range
Other income as a share of pre-tax profit (trailing twelve months): 1.2%. 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 conversion1.57xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 1.57x (cash from operations ₹2,479 cr, net profit ₹1,574 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow4 of 4 yrsWithin range
Fiscal years with positive free cash flow in the last 4: 4. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress10% of fixed assetsWithin range
Capital work-in-progress is 10% 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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like TENNECO CLEAN AIR INDIA LIMITE 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 −25% to +9% vs the market, against −5% for all non-financial companies in the same months.
- The analogs' median sat below that base rate (gap −3.2%, 80% range −10.3% to −1.0%), 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
50 past situations · 50 companies · 35 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ACE Producer Manufacturing |
Oct 2025 | 31x | 40% | −18% | −29% | −5% |
| DEEPAKNTR Process Industries |
Jun 2022 | 22x | 44% | −4% | −41% | +4% |
| INOXINDIA Producer Manufacturing |
Jan 2025 | 43x | 43% | 0% | −37% | +15% |
| KPITTECH Technology Services |
Oct 2025 | 40x | 40% | −16% | −25% | −52% |
| BAJAJCON Consumer Non-Durables |
Mar 2020 | 9x | 58% | −57% | −62% | +9% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| LTTS Technology Services |
Jun 2020 | 16x | 43% | −27% | −28% | +38% |
| POLYCAB Producer Manufacturing |
Nov 2020 | 19x | 29% | +4% | −18% | +71% |
| SONATSOFTW Technology Services |
Jul 2022 | 20x | 44% | −9% | −27% | +74% |
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: P/E, 12-month momentum and P/S. 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?
4 events since Apr '26
- NovPriceFell 35% from the May 2026 peak to the Nov 2026 low.
- AugPriceVolume reached 100.3x its 50-day median on 2026-08-12; price -1.8% that day.
- JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
- AprPriceVolume reached 43.3x its 50-day median on 2026-04-29; price +5.1% 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 history13 months · 2025-11 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 28.5x | ₹5663 cr | 50.1% | 61.0% | 0.0x |
| 2026-10 | 29.0x | ₹5663 cr | 50.3% | 61.0% | 0.0x |
| 2026-09 | 34.1x | ₹5663 cr | 50.3% | 61.0% | 0.0x |
| 2026-08 | 35.4x | ₹5404 cr | 50.5% | 61.0% | 0.0x |
| 2026-07 | 36.0x | ₹5404 cr | 50.5% | 61.0% | 0.0x |
| 2026-06 | 39.6x | ₹5404 cr | 50.5% | 61.0% | 0.0x |
| 2026-05 | 41.1x | ₹5178 cr | 35.9% | 57.0% | 0.0x |
| 2026-04 | 43.5x | ₹5178 cr | 35.9% | 57.0% | 0.0x |
| 2026-03 | 36.0x | ₹5178 cr | 35.9% | 57.0% | 0.0x |
| 2026-02 | 33.8x | ₹5018 cr | 36.3% | 57.0% | 0.0x |
| 2026-01 | 30.3x | ₹5018 cr | 36.3% | 57.0% | 0.0x |
| 2025-12 | 29.5x | ₹5018 cr | 36.3% | 57.0% | 0.0x |
| 2025-11 | 24.4x | ₹4906 cr | 35.4% | 57.0% | 0.0x |