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THANGAMAYIL JEWELLERY LIMITED (THANGAMAYL)

Consumer Durables · Other Consumer Specialties · 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.59 / 100
Profitability 51Growth 93Balance sheet 34
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.60 / 100
Price 13Earnings 76FII/DII 92

Passes these screensQuality CompounderHigh MomentumConsistent compounders

Compare withTITAN COMPANYPC JEWELLERSKY GOLD AND DIAMONDS

Share price

Closing priceAdjusted for splits and bonus issues.

₹4,233.4 latest close · −31.3% over the last 90 sessions

₹4,000₹5,000₹6,000₹7,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹4,000₹5,000₹6,000₹7,000Jul 3Sep 4Nov 9

₹4,233.4 month-end · +30.1% over 12 months

₹3,000₹4,000₹5,000₹6,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹3,000₹4,000₹5,000₹6,000Nov '25May '26Nov '26

₹4,233.4 month-end · +217.2% over 3 years

₹2,000₹4,000₹6,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹2,000₹4,000₹6,000Nov '23May '25Nov '26

₹4,233.4 month-end · +2345.6% since Jan '19

₹0₹2,000₹4,000₹6,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹2,000₹4,000₹6,000Jan '19Dec '22Nov '26

52-week range ₹2709.10 to ₹7430.00 · 1-year volatility 57.9%

Was the rally earned?

+30%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 147 points, but investors now pay less per rupee of profit (P/E 93.8x to 33.6x), which took 117 points back.
  • The share count barely moved.
Net profit growth: +147 pts. Points of the price return explained by net profit growing (or shrinking).+147 ptsNet profit growthP/E change: −117 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−117 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: +147 pts. Points of the price return explained by net profit growing (or shrinking).+147ProfitP/E change: −117 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−117P/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+147 ptsNet profit rose about 262%, which lifts the price.
P/E change-117 ptsThe P/E fell from 93.8x to 33.6x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+217%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 299 points, but investors now pay less per rupee of profit (P/E 51.9x to 33.6x), which took 81 points back.
  • The share count barely moved.
Net profit growth: +299 pts. Points of the price return explained by net profit growing (or shrinking).+299 ptsNet profit growthP/E change: −81 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−81 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: +217%+217%Share priceNet profit growth: +299 pts. Points of the price return explained by net profit growing (or shrinking).+299ProfitP/E change: −81 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−81P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +217%+217%Share price
Net profit growth+299 ptsNet profit rose about 389%, which lifts the price.
P/E change-81 ptsThe P/E fell from 51.9x to 33.6x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+530%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 434 points to the rise, while the multiple moved less (P/E 24.1x to 33.6x).
  • The share count barely moved.
Net profit growth: +433 pts. Points of the price return explained by net profit growing (or shrinking).+433 ptsNet profit growthP/E change: +97 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+97 ptsP/E changeShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1 ptsShare count changeShare price: +530%+530%Share priceNet profit growth: +433 pts. Points of the price return explained by net profit growing (or shrinking).+433ProfitP/E change: +97 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+97P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +530%+530%Share price
Net profit growth+433 ptsNet profit rose about 349%, which lifts the price.
P/E change+97 ptsThe P/E rose from 24.1x to 33.6x, which lifts the price.
Share count change+1 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 TITAN COMPANY

How rough has the ride been?

Maximum drawdown-50.7%recovered 2020-11
1-year volatility57.9%annualised
Beta vs sector index0.873-year daily, correlation 0.29
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−50.7% 0%−20%−40%2020202220242026−50.7%
Largest drawdowns

-50.7% (2020-03 peak to 2020-04 low, recovered 2020-11)

-43.2% (2026-07 peak to 2026-11 low, not yet recovered)

-38.3% (2024-10 peak to 2025-02 low, recovered 2025-11)

Most recent volume spikes

2026-11-04: 5.5x the 50-day median, price -5.4% 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?

33.6xP/E todayWithin its usual range
Against its own history45th percentile
CheapestMedian 39.1xDearest

Usual range 14.4x to 56.7x since 2019-01.

Against Consumer Durables33.6x vs 25.5x
This company
33.6x
Sector median
25.5x

32% above the Consumer Durables median.

8.5x36.9x65.4x93.8xJan '19Aug '20Mar '22Oct '23May '25Nov '268.5x36.9x65.4x93.8xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median

The chart loads when you open this tab.

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

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P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Durables 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 Consumer Durables is valued

Where does it rank among Consumer Durables peers?

Each cell is the company's percentile rank among its Consumer Durables 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▲ 29 pts vs a year ago
  • Op. margin22nd▼ 3 pts vs a year ago
  • Revenue growth97th▲ 18 pts vs a year ago
  • EPS growth100th▲ 76 pts vs a year ago
  • Debt/equity ↓27thflat vs a year ago
  • Cash cycle ↓35thflat vs a year ago
  • P/E ↓36th▲ 28 pts vs a year ago
  • 12M momentum87th▼ 8 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 Consumer Durables sector page Watch it move against Consumer Durables in the Observatory

What is the price implying?

~33%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 92.5x, a holder earning 12%/yr needs earnings to grow about 33.4%/yr for 10 years, then trade at 15x.

Delivered36.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−3.1 ptsimplied minus delivered
Rank590thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

0%110%221% Jan 2019Nov 2026 0%110%221% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x35.0%36.2%37.4%
15x32.2%33.4%34.6%
20x28.6%29.8%30.9%

Drag a slider to test other assumptions

Implied: 33.4%/yr

Looking back

  • Jan 2020Price implied 24%/yr; EPS has since grown 42%/yr (7.0 yrs)
  • Jan 2021Price implied 22%/yr; EPS has since grown 41%/yr (6.0 yrs)
  • Jan 2022Price implied 24%/yr; EPS has since grown 32%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Consumer Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹4233.40
P/E
33.6x
ROCE
25.0%
Market Cap
₹13158 cr
Revenue (TTM)
₹9622 cr
P/S
1.4x
P/B
9.3x
ROE
27.6%
Operating Margin
5.0%
Debt / Equity
0.6x
Promoter Holding
61.6%
12M Momentum
30.1%

52-week range

₹2709.10₹7430.00
32% of the way from its 52-week low to its high

Price risk

1Y volatility
57.9%
Beta vs sector
1-year daily
0.80

Balance sheet & cash

Interest cover
operating profit ÷ interest
8.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.38x
low
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range1 beyond a threshold
Other income reliance-0%Within range

Other income as a share of pre-tax profit (trailing twelve months): -0.4%. 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 conversion0.38xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.38x (cash from operations ₹228 cr, net profit ₹594 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

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+1 daysWithin range

Debtor days are above the median of the previous three fiscal years by 1 days (1 vs 0). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress2% of fixed assetsWithin range

Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-1 days / 2 yrsWithin range

Days payable changed by -1 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, promoters trimmed 5.7 pts; DIIs added 5.0 pts; FIIs added 4.8 pts.
  • The number of shareholders rose from 32,954 to 51,026 (+55%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters67.3%61.6%-5.7 pts
FIIs0.7%5.5%+4.8 pts
DIIs11.4%16.4%+5.0 pts
Public and others20.5%16.4%-4.1 pts

Number of shareholders

51,026shareholders+55% since Dec '23
33k39k45k51k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 32,954
Mar '24: 33,847
Jun '24: 33,135
Sep '24: 40,908
Dec '24: 44,479
Mar '25: 44,667
Jun '25: 48,996
Sep '25: 46,389
Dec '25: 44,849
Mar '26: 48,097
Jun '26: 51,026
 33k39k45k51k Dec '23Dec '24Dec '25Jun '26
Dec '23: 32,954
Mar '24: 33,847
Jun '24: 33,135
Sep '24: 40,908
Dec '24: 44,479
Mar '25: 44,667
Jun '25: 48,996
Sep '25: 46,389
Dec '25: 44,849
Mar '26: 48,097
Jun '26: 51,026

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

−14.6%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like THANGAMAYIL JEWELLERY LIMITED 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 −32% to +36% vs the market, against −7% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −7.8%, 80% range −16.0% to −2.7%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
EKC · Feb 2022: −59.0% vs market
FSL · Jul 2021: −46.8% vs market
GGBL · Oct 2025: −46.3% vs market
AARTIDRUGS · May 2021: −45.9% vs market
SOLEX · Aug 2025: −44.3% vs market
RAJRATAN · Feb 2023: −41.6% vs market
SIGACHI · Jul 2024: −40.1% vs market
MASTEK · Jan 2022: −39.0% vs market
JWL · Dec 2024: −35.8% vs market
ICIL · Aug 2021: −34.7% vs market
JINDWORLD · May 2023: −34.1% vs market
IRCON · Aug 2024: −33.4% vs market
CYIENT · Jan 2024: −31.8% vs market
SDBL · Nov 2023: −31.1% vs market
TRIDENT · Jul 2022: −29.3% vs market
REFEX · Aug 2025: −28.4% vs market
RTNINDIA · Jul 2024: −27.6% vs market
HIKAL · Mar 2022: −26.3% vs market
LXCHEM · Jun 2022: −24.0% vs market
EPIGRAL · Feb 2023: −22.9% vs market
SKIPPER · Jan 2025: −21.8% vs market
OPTIEMUS · Feb 2025: −20.5% vs market
FAIRCHEMOR · May 2022: −16.2% vs market
RAMASTEEL · Sep 2023: −15.8% vs market
THOMASCOOK · Sep 2024: −15.4% vs market
GRAVITA · May 2025: −13.8% vs market
DYCL · Feb 2025: −12.8% vs market
HFCL · Apr 2022: −11.5% vs market
HGINFRA · Nov 2021: −9.2% vs market
HINDWAREAP · Jun 2021: −7.0% vs market
URBAN · Jun 2024: −6.9% vs market
FACT · Oct 2021: −1.4% vs market
MARINE · Mar 2025: −0.7% vs market
PGEL · Aug 2025: +1.2% vs market
BESTAGRO · Apr 2022: +11.6% vs market
NDRAUTO · Dec 2024: +12.3% vs market
POWERMECH · Oct 2023: +17.6% vs market
ASTEC · Mar 2021: +41.5% vs market
GTPL · Jan 2021: +41.6% vs market
ANGELONE · Nov 2021: +44.2% vs market
MANINFRA · Aug 2022: +46.0% vs market
CEMPRO · Nov 2024: +54.7% vs market
GRSE · Oct 2023: +56.0% vs market
VADILALIND · Apr 2023: +63.5% vs market
AEGISLOG · Jun 2023: +85.6% vs market
PGIL · Oct 2025: +91.5% vs market
HIRECT · Apr 2025: +102.0% vs market
FORCEMOT · Aug 2024: +153.6% vs market
SKYGOLD · Aug 2025: +160.3% vs market
JBMA · Sep 2022: +209.8% vs market
Similar setups −14.6%All companies −6.8%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
−14.6%
All companies' median
−6.8%
Beat the market
34% vs 42%

50 past situations · 50 companies · 38 months · 2021–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SKYGOLD
Consumer Durables		 Aug 2025 31x21% +10%−41% +160%
HFCL
Electronic Technology		 Apr 2022 40x20% +167%−23% −12%
GTPL
Communications		 Jan 2021 18x27% +77%−21% +42%
FSL
Commercial Services		 Jul 2021 37x16% +299%−15% −47%
HIKAL
Health Technology		 Mar 2022 37x16% +180%−43% −26%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
EPIGRAL
Process Industries		 Feb 2023 17x29% +35%−40% −23%
REFEX
Energy Minerals		 Aug 2025 29x23% +18%−36% −28%
OPTIEMUS
Distribution Services		 Feb 2025 56x15% +48%−48% −21%
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, interest cover and P/E. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 THANGAMAYIL JEWELLERY 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 else looks like this?

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

CEMINDIA PROJECTSCEMPRO
Industrial Services
74%similar
EPS growthrevenue
KALYAN JEWELLERS INDIAKALYANKJIL
Retail Trade
72%similar
revenue growthoperating margin
LUMAX AUTO TECHNOLOGIESLUMAXTECH
Producer Manufacturing
66%similar
revenue growthmarket cap
PEARL GLOBAL INDUSTRIESPGIL
Consumer Non-Durables
65%similar
debt/equitymarket cap
RAM RATNA WIRESRAMRAT
Producer Manufacturing
64%similar
operating marginROCE
SKY GOLD AND DIAMONDSSKYGOLD
Consumer Durables
75%similar
market capROCE
OLECTRA GREENTECHOLECTRA
Consumer Durables
49%similar
revenue growthmarket cap
SENCO GOLDSENCO
Consumer Durables
48%similar
revenuerevenue growth

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

What changed?

30 events since Oct '24

  1. NovPriceFell 43% from the Jul 2026 peak to the Nov 2026 low.
  2. NovPriceVolume reached 5.5x its 50-day median on 2026-11-04; price -5.4% that day.
  3. SepPeer rankSlipped to the bottom quartile of Consumer Durables on operating margin (from the 3rd quartile).
  4. JunPeer rankMoved into the top quartile of Consumer Durables on ROCE (from the 3rd quartile).
  5. JunDividendDividend payout cut from 33% to 16% of profit.
  6. JunPriceVolume reached 10.7x its 50-day median on 2026-06-04; price +15.1% that day.
  7. AprPeer rankSlipped to the 3rd quartile of Consumer Durables on ROCE (from the 2nd quartile).
  8. MarPeer rankMoved into the 3rd quartile of Consumer Durables on operating margin (from the bottom quartile).
Show 22 earlier events
  1. FebValuationP/E crossed above the 90th percentile of its own history to date (67.0x).
  2. JanPriceVolume reached 17.8x its 50-day median on 2026-01-08; price +1.2% that day.
  3. DecResultsYear-on-year EPS growth turned positive.
  4. DecPeer rankMoved into the top quartile of Consumer Durables on EPS growth (from the bottom quartile).
  5. NovPriceRegained the 2024-10 peak, 9 months after the low.
  6. NovPeer rankSlipped to the bottom quartile of Consumer Durables on operating margin (from the 3rd quartile).
  7. NovPriceVolume reached 97.3x its 50-day median on 2025-11-04; price +16.8% that day.
  8. SepPeer rankMoved into the 3rd quartile of Consumer Durables on operating margin (from the bottom quartile).
  9. AugValuationP/E crossed above the 90th percentile of its own history to date (59.1x).
  10. JulSharesShare count is up 14.8% over 12 months.
  11. JunResultsYear-on-year EPS growth turned negative.
  12. JunPeer rankSlipped to the 2nd quartile of Consumer Durables on ROCE (from the top quartile).
  13. JunDebtDebt / equity fell below 1.0x (0.72x).
  14. MarPeer rankMoved into the 3rd quartile of Consumer Durables on operating margin (from the bottom quartile).
  15. FebPriceFell 38% from the Oct 2024 peak to the Feb 2025 low.
  16. FebPriceVolume reached 29.1x its 50-day median on 2025-02-27; price +3.1% that day.
  17. DecPromoterPromoter holding fell 6.0 pts to 61.3%.
  18. DecInstitutionsFII + DII holding rose 4.8 pts over 2 quarters to 17.3%.
  19. DecValuationP/E crossed above the 90th percentile of its own history to date (62.0x).
  20. DecPeer rankMoved into the top quartile of Consumer Durables on ROCE (from the 2nd quartile).
  21. OctPeer rankSlipped to the 2nd quartile of Consumer Durables on ROCE (from the top quartile).
  22. OctPriceVolume reached 5.5x its 50-day median on 2024-10-09; price +11.6% 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1133.6x₹9622 cr27.6%25.0%0.6x
2026-1035.4x₹9622 cr27.7%25.0%0.6x
2026-0940.2x₹9622 cr27.7%25.0%0.6x
2026-0847.8x₹8514 cr24.9%25.0%0.6x
2026-0746.2x₹8514 cr24.9%25.0%0.6x
2026-0656.6x₹8514 cr24.9%25.0%0.6x
2026-0554.4x₹7056 cr21.9%14.0%0.7x
2026-0451.1x₹7056 cr21.9%14.0%0.7x
2026-0344.3x₹7056 cr21.9%14.0%0.7x
2026-0267.0x₹5782 cr16.7%14.0%0.7x
2026-0156.2x₹5782 cr16.7%14.0%0.7x
2025-1254.5x₹5782 cr16.7%14.0%0.7x
2025-1193.8x₹5252 cr9.8%14.0%0.7x
2025-1062.5x₹5252 cr9.8%14.0%0.7x
2025-0958.0x₹5252 cr9.8%14.0%0.7x
2025-0859.1x₹4916 cr10.8%14.0%0.7x
2025-0749.5x₹4916 cr10.8%14.0%0.7x
2025-0648.8x₹4916 cr10.8%14.0%0.7x
2025-0551.9x₹4518 cr23.5%20.0%1.1x
2025-0456.4x₹4518 cr23.5%20.0%1.1x
2025-0354.1x₹4518 cr23.5%20.0%1.1x
2025-0261.6x₹4282 cr19.5%20.0%1.1x
2025-0157.6x₹4282 cr19.5%20.0%1.1x
2024-1262.0x₹4282 cr19.5%20.0%1.1x
2024-1149.3x₹4094 cr24.5%20.0%1.1x
2024-1056.8x₹4094 cr24.5%20.0%1.1x
2024-0961.1x₹4094 cr24.5%20.0%1.1x
2024-0849.7x₹3832 cr24.9%20.0%1.1x
2024-0744.0x₹3832 cr24.9%20.0%1.1x
2024-0642.0x₹3832 cr24.9%20.0%1.1x
2024-0546.7x₹3153 cr20.6%17.0%1.5x
2024-0449.5x₹3153 cr20.6%17.0%1.5x
2024-0348.5x₹3153 cr20.6%17.0%1.5x
2024-0251.6x₹3153 cr20.6%17.0%1.5x
2024-0151.0x₹3153 cr20.6%17.0%1.5x
2023-1256.2x₹3153 cr20.6%17.0%1.5x
2023-1151.9x₹3153 cr20.6%17.0%1.5x
2023-1053.9x₹3153 cr20.6%17.0%1.5x
2023-0946.6x₹3153 cr20.6%17.0%1.5x
2023-0846.6x₹3153 cr20.6%17.0%1.5x
2023-0747.8x₹3153 cr20.6%17.0%1.5x
2023-0628.6x₹3153 cr20.6%17.0%1.5x
2023-0552.8x₹2193 cr12.0%11.0%1.3x
2023-0440.4x₹2193 cr12.0%11.0%1.3x
2023-0339.1x₹2193 cr12.0%11.0%1.3x
2023-0238.9x₹2193 cr12.0%11.0%1.3x
2023-0141.3x₹2193 cr12.0%11.0%1.3x
2022-1242.6x₹2193 cr12.0%11.0%1.3x
2022-1139.7x₹2193 cr12.0%11.0%1.3x
2022-1038.0x₹2193 cr12.0%11.0%1.3x
2022-0948.4x₹2193 cr12.0%11.0%1.3x
2022-0844.0x₹2193 cr12.0%11.0%1.3x
2022-0741.0x₹2193 cr12.0%11.0%1.3x
2022-0638.0x₹2193 cr12.0%11.0%1.3x
2022-0517.7x₹1819 cr29.2%25.0%1.1x
2022-0419.7x₹1819 cr29.2%25.0%1.1x
2022-0318.9x₹1819 cr29.2%25.0%1.1x
2022-0219.8x₹1819 cr29.2%25.0%1.1x
2022-0120.5x₹1819 cr29.2%25.0%1.1x
2021-1223.9x₹1819 cr29.2%25.0%1.1x

Older months are in the live observatory.

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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