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TPL PLASTECH LIMITED (TPLPLASTEH)

Process Industries · Chemicals: Specialty · 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.77 / 100
Profitability 63Growth 82Balance sheet 87
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.59 / 100
Price 54Earnings 55FII/DII 68

Passes these screensQuality CompounderDebt-light & profitableConsistent compounders

Compare withLINDE INDIACOROMANDEL INTERNATIONAL LIMITGUJARAT FLUOROCHEMICALS

Share price

Closing priceAdjusted for splits and bonus issues.

₹72.33 latest close · −17.0% over the last 90 sessions

₹60₹70₹80Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹60₹70₹80Jul 3Sep 4Nov 9

₹72.33 month-end · +5.5% over 12 months

₹50₹60₹70₹80Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹50₹60₹70₹80Nov '25May '26Nov '26

₹72.33 month-end · +26.7% over 3 years

₹50₹75₹100₹125Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹50₹75₹100₹125Nov '23May '25Nov '26

₹72.33 month-end · +458.5% since Jan '19

₹0₹50₹100Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹50₹100Jan '19Dec '22Nov '26

52-week range ₹50.01 to ₹90.33 · 1-year volatility 47.8%

Was the rally earned?

+6%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 21 points, but investors now pay less per rupee of profit (P/E 21.7x to 18.7x), which took 15 points back.
  • The share count barely moved.
Net profit growth: +21 pts. Points of the price return explained by net profit growing (or shrinking).+21 ptsNet profit growthP/E change: −15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−15 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: +6%+6%Share priceNet profit growth: +21 pts. Points of the price return explained by net profit growing (or shrinking).+21ProfitP/E change: −15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−15P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +6%+6%Share price
Net profit growth+21 ptsNet profit rose about 22%, which lifts the price.
P/E change-15 ptsThe P/E fell from 21.7x to 18.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+27%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 71 points, but investors now pay less per rupee of profit (P/E 27.7x to 18.7x), which took 44 points back.
  • The share count barely moved.
Net profit growth: +71 pts. Points of the price return explained by net profit growing (or shrinking).+71 ptsNet profit growthP/E change: −44 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−44 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: +27%+27%Share priceNet profit growth: +71 pts. Points of the price return explained by net profit growing (or shrinking).+71ProfitP/E change: −44 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−44P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +27%+27%Share price
Net profit growth+71 ptsNet profit rose about 88%, which lifts the price.
P/E change-44 ptsThe P/E fell from 27.7x to 18.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+112%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 197 points, but investors now pay less per rupee of profit (P/E 33.2x to 18.7x), which took 85 points back.
  • The share count barely moved.
Net profit growth: +197 pts. Points of the price return explained by net profit growing (or shrinking).+197 ptsNet profit growthP/E change: −85 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−85 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: +112%+112%Share priceNet profit growth: +197 pts. Points of the price return explained by net profit growing (or shrinking).+197ProfitP/E change: −85 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−85P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +112%+112%Share price
Net profit growth+197 ptsNet profit rose about 276%, which lifts the price.
P/E change-85 ptsThe P/E fell from 33.2x to 18.7x, which lowers 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 LINDE INDIA

How rough has the ride been?

Maximum drawdown-60.3%not yet recovered
1-year volatility47.8%annualised
Beta vs sector index1.403-year daily, correlation 0.47
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−58.3% 0%−20%−40%−60%2020202220242026−58.3%
Largest drawdowns

-60.3% (2024-07 peak to 2026-03 low, not yet recovered)

-59.0% (2019-05 peak to 2020-03 low, recovered 2020-12)

-49.4% (2021-09 peak to 2022-02 low, recovered 2023-05)

Most recent volume spikes

2026-09-30: 16.3x the 50-day median, price +9.0% that day

2026-07-06: 5.3x the 50-day median, price -6.5% that day

2026-07-03: 15x the 50-day median, price +19.7% 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?

18.7xP/E todayWithin its usual range
Against its own history36th percentile
CheapestMedian 22.7xDearest

Usual range 8.4x to 35.4x since 2019-01.

Against Process Industries18.7x vs 18.1x
This company
18.7x
Sector median
18.1x

Close to the Process Industries median.

4.3x19.8x35.4x50.9xJan '19Aug '20Mar '22Oct '23May '25Nov '264.3x19.8x35.4x50.9xJan '19Sep '21May '24Nov '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

  • ROCE86th▲ 5 pts vs a year ago
  • Op. margin40th▼ 19 pts vs a year ago
  • Revenue growth84th▲ 20 pts vs a year ago
  • EPS growth62nd▼ 3 pts vs a year ago
  • Debt/equity ↓74th▲ 16 pts vs a year ago
  • Cash cycle ↓71st▲ 15 pts vs a year ago
  • P/E ↓48thflat vs a year ago
  • 12M momentum67th▲ 44 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?

~18%annual earnings growth implied by the price

At a P/E of 29.1x, the price would imply about 17.7%/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 Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹72.33
P/E
18.7x
ROCE
22.0%
Market Cap
₹563 cr
Revenue (TTM)
₹457 cr
P/S
1.2x
P/B
3.3x
ROE
17.8%
Operating Margin
9.1%
Debt / Equity
0.1x
Promoter Holding
74.9%
12M Momentum
5.5%

52-week range

₹50.01₹90.33
55% of the way from its 52-week low to its high

Price risk

1Y volatility
47.8%
Beta vs sector
1-year daily
1.48

Balance sheet & cash

Interest cover
operating profit ÷ interest
8.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.25x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance0%Within range

Other income as a share of pre-tax profit (trailing twelve months): 0.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate22%Within range

Median quarterly effective tax rate over about 2.5 years: 22.4%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.25xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.25x (cash from operations ₹91 cr, net profit ₹73 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-10 daysWithin range

Debtor days are below the median of the previous three fiscal years by 10 days (54 vs 64). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress7% of fixed assetsWithin range

Capital work-in-progress is 7% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-26 days / 2 yrsWithin range

Days payable changed by -26 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, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders rose from 13,800 to 29,037 (+110%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters74.9%74.9%0.0 pts
FIIs0.0%0.5%+0.5 pts
DIIs0.1%0.0%0.0 pts
Public and others25.1%24.6%-0.4 pts

Number of shareholders

29,037shareholders+110% since Dec '23
14k20k27k34k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 13,800
Mar '24: 18,504
Jun '24: 21,935
Sep '24: 33,559
Dec '24: 33,745
Mar '25: 33,585
Jun '25: 32,903
Sep '25: 31,829
Dec '25: 30,566
Mar '26: 29,630
Jun '26: 29,037
 14k20k27k34k Dec '23Dec '24Dec '25Jun '26
Dec '23: 13,800
Mar '24: 18,504
Jun '24: 21,935
Sep '24: 33,559
Dec '24: 33,745
Mar '25: 33,585
Jun '25: 32,903
Sep '25: 31,829
Dec '25: 30,566
Mar '26: 29,630
Jun '26: 29,037

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

+24.1%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like TPL PLASTECH 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 −9% to +72% vs the market, against 0% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +24.3%, 80% range +16.1% to +28.9%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
STERTOOLS · Oct 2024: −41.4% vs market
NILAINFRA · Jun 2025: −41.0% vs market
MEGATHERM · Aug 2025: −36.9% vs market
LINC · May 2025: −36.1% vs market
INDRAMEDCO · May 2021: −35.6% vs market
KITEX · Jul 2022: −30.1% vs market
DLINKINDIA · Aug 2020: −27.4% vs market
LUMAXIND · Jan 2020: −24.0% vs market
VSSL · Jun 2024: −17.9% vs market
MONTECARLO · Nov 2022: −17.7% vs market
DPWIRES · May 2023: −14.1% vs market
KRYSTAL · Aug 2025: −12.0% vs market
SIYSIL · Jul 2022: −9.6% vs market
PYRAMID · May 2025: −8.8% vs market
SHREEPUSHK · Feb 2020: −5.9% vs market
WINDLAS · Jun 2025: −3.7% vs market
SPAL · Sep 2022: +1.8% vs market
FIEMIND · Sep 2022: +6.9% vs market
CONFIPET · Mar 2021: +13.3% vs market
LGBBROSLTD · Feb 2022: +15.9% vs market
AVTNPL · Jan 2022: +18.5% vs market
DOLLAR · Jul 2021: +19.8% vs market
LUMAXTECH · Apr 2020: +20.6% vs market
GNA · May 2020: +21.2% vs market
PSPPROJECT · Aug 2022: +23.3% vs market
ALLDIGI · Jul 2023: +24.8% vs market
ACE · Jan 2020: +24.9% vs market
KINGFA · Dec 2023: +26.4% vs market
ADOR · Oct 2022: +29.0% vs market
GENUSPOWER · Dec 2020: +29.7% vs market
RADHIKAJWE · May 2024: +31.2% vs market
GOKEX · Jun 2023: +32.8% vs market
VIMTALABS · Aug 2022: +41.4% vs market
PRICOLLTD · Jun 2023: +46.5% vs market
CIGNITITEC · Dec 2022: +58.2% vs market
VINSYS · Oct 2025: +69.7% vs market
PRECWIRE · Apr 2021: +69.8% vs market
AHLUCONT · Feb 2023: +72.8% vs market
JASH · Mar 2022: +73.3% vs market
TIRUMALCHM · Jun 2021: +73.3% vs market
TDPOWERSYS · Sep 2021: +96.4% vs market
KRISHANA · Nov 2021: +106.6% vs market
TALBROAUTO · Dec 2022: +107.1% vs market
DATAMATICS · Mar 2021: +110.2% vs market
MASTEK · Jan 2020: +113.0% vs market
SAKSOFT · May 2022: +163.4% vs market
NDRAUTO · Jun 2024: +166.8% vs market
KOTHARIPET · Mar 2021: +167.2% vs market
AURIONPRO · Aug 2022: +175.0% vs market
SHAKTIPUMP · May 2023: +219.5% vs market
Similar setups +24.1%All companies −0.2%← 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 · 9 beyond the range shown, drawn at the edge

Similar setups' median
+24.1%
All companies' median
−0.2%
Beat the market
68% vs 50%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
LINC
Consumer Non-Durables		 May 2025 24x— +8%−22% −36%
DPWIRES
Producer Manufacturing		 May 2023 20x28% +33%−11% −14%
INDRAMEDCO
Health Services		 May 2021 18x21% +128%−5% −36%
PYRAMID
Producer Manufacturing		 May 2025 24x21% +22%−28% −9%
MONTECARLO
Consumer Non-Durables		 Nov 2022 13x22% +35%−16% −18%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SAKSOFT
Technology Services		 May 2022 19x24% +73%−26% +163%
KINGFA
Process Industries		 Dec 2023 35x25% +84%−4% +26%
KRISHANA
Process Industries		 Nov 2021 22x20% +127%−16% +107%
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/S 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 TPL PLASTECH 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.

MANGAL ELECTRIC INDUSTRIESMEIL
Producer Manufacturing
67%similar
promoter holdingoperating margin
PROSTARM INFO SYSTEMSPROSTARM
Electronic Technology
67%similar
revenueoperating margin
GANESH CONSUMER PRODUCTS LIMITGANESHCP
Consumer Non-Durables
64%similar
P/Evolatility
NDR AUTO COMPONENTSNDRAUTO
Producer Manufacturing
63%similar
ROCEoperating margin
VILAS TRANSCOREVILAS
Producer Manufacturing
63%similar
revenuedebt/equity
SHREE PUSHKAR CHEMICALSSHREEPUSHK
Process Industries
55%similar
EPS growthvolatility
PLATINUM INDUSTRIESPLATIND
Process Industries
54%similar
revenueP/E
BOMBAY SUPER HYBRID SEEDSBSHSL
Process Industries
52%similar
operating marginrevenue growth

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

What changed?

30 events since Apr '22

  1. SepPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  2. SepPriceVolume reached 16.3x its 50-day median on 2026-09-30; price +9.0% that day.
  3. JunDebtDebt / equity halved over 12 months to 0.11x.
  4. MarPriceFell 60% from the Jul 2024 peak to the Mar 2026 low.
  5. FebPriceVolume reached 5.1x its 50-day median on 2026-02-12; price +9.8% that day.
  6. NovPriceVolume reached 37.2x its 50-day median on 2025-11-11; price +8.4% that day.
  7. JunPeer rankSlipped to the 2nd quartile of Process Industries on EPS growth (from the top quartile).
  8. MayPriceVolume reached 5.2x its 50-day median on 2025-05-20; price +4.6% that day.
Show 22 earlier events
  1. DecPriceVolume reached 8.3x its 50-day median on 2024-12-09; price +2.5% that day.
  2. JulPriceVolume reached 10.9x its 50-day median on 2024-07-31; price +7.6% that day.
  3. JunResultsRevenue (TTM) reached a new high of ₹313 cr.
  4. JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 3rd quartile).
  5. AprPriceRegained the 2024-02 peak, 1 month after the low.
  6. AprValuationP/E crossed above the 90th percentile of its own history to date (44.5x).
  7. AprPriceVolume reached 16.8x its 50-day median on 2024-04-09; price +14.9% that day.
  8. MarPriceFell 29% from the Feb 2024 peak to the Mar 2024 low.
  9. FebPriceVolume reached 19.5x its 50-day median on 2024-02-02; price +16.9% that day.
  10. OctPriceVolume reached 64.5x its 50-day median on 2023-10-12; price +6.6% that day.
  11. JunResultsYear-on-year EPS growth turned positive.
  12. JunPeer rankMoved into the top quartile of Process Industries on EPS growth (from the 3rd quartile).
  13. MayPriceRegained the 2021-09 peak, 15 months after the low.
  14. MayValuationP/E crossed above the 90th percentile of its own history to date (41.1x).
  15. AprPriceVolume reached 43.8x its 50-day median on 2023-04-20; price +17.5% that day.
  16. JanValuationP/E crossed above the 90th percentile of its own history to date (34.6x).
  17. JanPriceVolume reached 10.8x its 50-day median on 2023-01-18; price +19.0% that day.
  18. OctPriceVolume reached 45.2x its 50-day median on 2022-10-06; price +19.8% that day.
  19. JulValuationP/E crossed above the 90th percentile of its own history to date (32.8x).
  20. JulPriceVolume reached 19.5x its 50-day median on 2022-07-04; price +7.5% that day.
  21. JunPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
  22. AprPriceVolume reached 45.7x its 50-day median on 2022-04-22; price +19.2% 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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1118.7x₹457 cr17.8%22.0%0.1x
2026-1015.7x₹457 cr17.8%22.0%0.1x
2026-0918.4x₹457 cr17.8%22.0%0.1x
2026-0819.2x₹423 cr17.2%22.0%0.1x
2026-0721.3x₹423 cr17.2%22.0%0.1x
2026-0619.7x₹423 cr17.2%22.0%0.1x
2026-0520.5x₹401 cr18.8%20.0%0.3x
2026-0419.2x₹401 cr18.8%20.0%0.3x
2026-0314.4x₹401 cr18.8%20.0%0.3x
2026-0220.1x₹380 cr17.6%20.0%0.3x
2026-0118.2x₹380 cr17.6%20.0%0.3x
2025-1220.2x₹380 cr17.6%20.0%0.3x
2025-1121.7x₹363 cr16.6%20.0%0.3x
2025-1022.4x₹363 cr16.6%20.0%0.3x
2025-0922.7x₹363 cr16.6%20.0%0.3x
2025-0825.3x₹349 cr15.9%20.0%0.3x
2025-0726.0x₹349 cr15.9%20.0%0.3x
2025-0627.0x₹349 cr15.9%20.0%0.3x
2025-0528.0x₹340 cr17.4%19.0%0.2x
2025-0427.6x₹340 cr17.4%19.0%0.2x
2025-0325.5x₹340 cr17.4%19.0%0.2x
2025-0228.1x₹332 cr16.6%19.0%0.2x
2025-0131.7x₹332 cr16.6%19.0%0.2x
2024-1236.0x₹332 cr16.6%19.0%0.2x
2024-1140.3x₹321 cr15.8%19.0%0.2x
2024-1038.1x₹321 cr15.8%19.0%0.2x
2024-0939.9x₹321 cr15.8%19.0%0.2x
2024-0844.7x₹313 cr15.2%19.0%0.2x
2024-0750.9x₹313 cr15.2%19.0%0.2x
2024-0634.5x₹313 cr15.2%19.0%0.2x
2024-0541.0x₹271 cr13.8%—0.4x
2024-0444.5x₹271 cr13.8%—0.4x
2024-0330.1x₹271 cr13.8%—0.4x
2024-0231.9x₹271 cr13.8%—0.4x
2024-0128.4x₹271 cr13.8%—0.4x
2023-1225.1x₹271 cr13.8%—0.4x
2023-1127.7x₹271 cr13.8%—0.4x
2023-1023.2x₹271 cr13.8%—0.4x
2023-0920.6x₹271 cr13.8%—0.4x
2023-0819.6x₹271 cr13.8%—0.4x
2023-0720.2x₹271 cr13.8%—0.4x
2023-0620.0x₹271 cr13.8%—0.4x
2023-0541.1x₹170 cr8.7%14.0%0.3x
2023-0432.2x₹170 cr8.7%14.0%0.3x
2023-0327.8x₹170 cr8.7%14.0%0.3x
2023-0229.9x₹170 cr8.7%14.0%0.3x
2023-0134.6x₹170 cr8.7%14.0%0.3x
2022-1230.7x₹170 cr8.7%14.0%0.3x
2022-1130.6x₹170 cr8.7%14.0%0.3x
2022-1034.3x₹170 cr8.7%14.0%0.3x
2022-0933.4x₹170 cr8.7%14.0%0.3x
2022-0832.1x₹170 cr8.7%14.0%0.3x
2022-0732.8x₹170 cr8.7%14.0%0.3x
2022-0626.3x₹170 cr8.7%14.0%0.3x
2022-0526.4x₹170 cr8.7%14.0%0.3x
2022-0429.2x₹170 cr8.7%14.0%0.3x
2022-0322.8x₹170 cr8.7%14.0%0.3x
2022-0224.3x₹170 cr8.7%14.0%0.3x
2022-0131.0x₹170 cr8.7%14.0%0.3x
2021-1232.2x₹170 cr8.7%14.0%0.3x
2021-1133.2x₹170 cr8.7%14.0%0.3x
2021-1033.9x₹170 cr8.7%14.0%0.3x
2021-0937.3x₹170 cr8.7%14.0%0.3x
2021-0830.9x₹170 cr8.7%14.0%0.3x
2021-0733.4x₹170 cr8.7%14.0%0.3x
2021-0624.0x₹170 cr8.7%14.0%0.3x
2021-0518.0x₹216 cr12.6%16.0%0.4x
2021-0416.0x₹216 cr12.6%16.0%0.4x
2021-0311.1x₹216 cr12.6%16.0%0.4x
2021-0211.2x₹216 cr12.6%16.0%0.4x
2021-0110.5x₹216 cr12.6%16.0%0.4x
2020-1211.9x₹216 cr12.6%16.0%0.4x
2020-1110.4x₹216 cr12.6%16.0%0.4x
2020-107.7x₹216 cr12.6%16.0%0.4x
2020-098.5x₹216 cr12.6%16.0%0.4x
2020-088.7x₹216 cr12.6%16.0%0.4x
2020-078.4x₹216 cr12.6%16.0%0.4x
2020-068.0x₹216 cr12.6%16.0%0.4x
2020-055.4x₹226 cr13.9%17.0%0.7x
2020-046.2x₹226 cr13.9%17.0%0.7x
2020-034.3x₹226 cr13.9%17.0%0.7x
2020-027.0x₹226 cr13.9%17.0%0.7x
2020-018.7x₹226 cr13.9%17.0%0.7x
2019-128.6x₹226 cr13.9%17.0%0.7x
2019-118.3x₹226 cr13.9%17.0%0.7x
2019-108.7x₹226 cr13.9%17.0%0.7x
2019-098.6x₹226 cr13.9%17.0%0.7x
2019-087.0x₹226 cr13.9%17.0%0.7x
2019-077.2x₹226 cr13.9%17.0%0.7x
2019-069.4x₹226 cr13.9%17.0%0.7x
2019-059.2x₹193 cr16.9%19.0%0.8x
2019-048.7x₹193 cr16.9%19.0%0.8x
2019-038.8x₹193 cr16.9%19.0%0.8x
2019-028.4x₹193 cr16.9%19.0%0.8x
2019-018.3x₹193 cr16.9%19.0%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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