अApnaFunda
Menu

UGAR SUGAR WORKS LTD (UGARSUGAR)

Process Industries · Agricultural Commodities/Milling · 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.15 / 100
Profitability 4Growth 31Balance sheet 10
Compare withPATANJALI FOODSGODREJ INDUSTRIESAWL AGRI BUSINESS

Share price

Closing priceAdjusted for splits and bonus issues.

₹41.88 latest close · +3.3% over the last 90 sessions

₹40₹50₹60Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹40₹50₹60Jul 3Sep 4Nov 9

₹41.88 month-end · +3.2% over 12 months

₹40₹50Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹40₹50Nov '25May '26Nov '26

₹41.88 month-end · −53.5% over 3 years

₹40₹60₹80Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹40₹60₹80Nov '23May '25Nov '26

₹41.88 month-end · +198.1% since Jun '19

₹0₹50₹100Jun '19Dec '20Jun '22Nov '23May '25Nov '26 ₹0₹50₹100Jun '19Mar '23Nov '26

52-week range ₹33.75 to ₹66.77 · 1-year volatility 46.7%

Was the rally earned?

+3%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (+3%).
  • The share count barely moved.
Net profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0 ptsNet profit growthP/E change: +3 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+3 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: +3%+3%Share priceNet profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: +3 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+3P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +3%+3%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change+3 ptsThe P/E rose from 6.7x to 6.9x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-54%share price, 3 yearsMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 11.5x to 6.9x); per-share earnings took off 18 points.
  • The share count barely moved.
Net profit growth: −18 pts. Points of the price return explained by net profit growing (or shrinking).−18 ptsNet profit growthP/E change: −36 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−36 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: −53%−53%Share priceNet profit growth: −18 pts. Points of the price return explained by net profit growing (or shrinking).−18ProfitP/E change: −36 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−36P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −53%−53%Share price
Net profit growth-18 ptsNet profit fell about 23%, which lowers the price.
P/E change-36 ptsThe P/E fell from 11.5x to 6.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+62%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 219 points, but investors now pay less per rupee of profit (P/E 23.3x to 6.9x), which took 157 points back.
  • The share count rose 5%.
Net profit growth: +224 pts. Points of the price return explained by net profit growing (or shrinking).+224 ptsNet profit growthP/E change: −157 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−157 ptsP/E changeShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6 ptsShare count changeShare price: +62%+62%Share priceNet profit growth: +224 pts. Points of the price return explained by net profit growing (or shrinking).+224ProfitP/E change: −157 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−157P/EShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6SharesShare price: +62%+62%Share price
Net profit growth+224 ptsNet profit rose about 473%, which lifts the price.
P/E change-157 ptsThe P/E fell from 23.3x to 6.9x, which lowers the price.
Share count change-6 ptsShare count rose 5%, 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 PATANJALI FOODS

How rough has the ride been?

Maximum drawdown-73.7%not yet recovered
1-year volatility46.7%annualised

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−73.2% 0%−20%−40%−60%2020202220242026−73.2%
Largest drawdowns

-73.7% (2023-07 peak to 2026-03 low, not yet recovered)

-46.7% (2019-05 peak to 2020-03 low, recovered 2020-08)

-46.4% (2022-03 peak to 2022-06 low, recovered 2022-11)

Is it expensive against its own past and its peers?

6.9xP/E todayNear its historic low
Against its own history11th percentile
CheapestMedian 13.4xDearest

Usual range 6.9x to 31.6x since 2019-06.

Against Process Industries6.9x vs 18.1x
This company
6.9x
Sector median
18.1x

62% below the Process Industries median.

6.0x16.3x26.5x36.8xJun '19Dec '20Jun '22Dec '23Jun '25Nov '266.0x16.3x26.5x36.8xJun '19Dec '21Jun '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProcess Industries median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

  • ROCE87th▲ 57 pts vs a year ago
  • Op. margin4thflat vs a year ago
  • Revenue growth27th▼ 4 pts vs a year ago
  • EPS growth39th▼ 9 pts vs a year ago
  • Debt/equity ↓9thflat vs a year ago
  • Cash cycle ↓50th▲ 43 pts vs a year ago
  • P/E ↓89th▼ 4 pts vs a year ago
  • 12M momentum66th▲ 58 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?

~8%annual earnings growth implied by the price

At a P/E of 10.7x, the price would imply about 7.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Earnings figures have not updated recently, so the company is left out of 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
₹41.88
P/E
6.9x
Market Cap
₹473 cr
Revenue (TTM)
₹1624 cr
P/S
0.3x
P/B
2.7x
ROE
40.0%
Operating Margin
-9.0%
Debt / Equity
1.3x
Promoter Holding
44.5%
12M Momentum
3.2%

52-week range

₹33.75₹66.77
25% of the way from its 52-week low to its high

Price risk

1Y volatility
46.7%
Beta vs sector
1-year daily
0.77

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.51x
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 5checks within range1 beyond a threshold
Other income reliance9%Within range

Other income as a share of pre-tax profit (trailing twelve months): 8.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate2%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: 2.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion2.51xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.51x (cash from operations ₹409 cr, net profit ₹163 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 4 yrsNear threshold

Fiscal years with positive free cash flow in the last 4: 2. 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 progress13% of fixed assetsWithin range

Capital work-in-progress is 13% 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.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, FIIs trimmed 2.5 pts.
  • The number of shareholders rose from 63,471 to 72,174 (+14%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters44.3%44.5%+0.2 pts
FIIs2.6%0.1%-2.5 pts
DIIs0.0%0.0%0.0 pts
Public and others53.1%55.4%+2.3 pts

Number of shareholders

72,174shareholders+14% since Dec '23
61k65k69k73k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 63,471
Mar '24: 66,327
Jun '24: 65,482
Sep '24: 61,830
Dec '24: 61,146
Mar '25: 61,788
Jun '25: 62,151
Sep '25: 63,874
Dec '25: 72,337
Mar '26: 72,687
Jun '26: 72,174
 61k65k69k73k Dec '23Dec '24Dec '25Jun '26
Dec '23: 63,471
Mar '24: 66,327
Jun '24: 65,482
Sep '24: 61,830
Dec '24: 61,146
Mar '25: 61,788
Jun '25: 62,151
Sep '25: 63,874
Dec '25: 72,337
Mar '26: 72,687
Jun '26: 72,174

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

−1.8%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like UGAR SUGAR WORKS LTD today on valuation, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −17% to +42% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (−1.1%, 80% range −6.9% to +9.9%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
RANASUG · Oct 2023: −40.4% vs market
PRECOT · May 2022: −35.1% vs market
MUKANDLTD · Oct 2023: −34.7% vs market
RELCHEMQ · Jan 2024: −31.9% vs market
DGCONTENT · Sep 2025: −29.1% vs market
DONEAR · Feb 2025: −28.3% vs market
KMSUGAR · Mar 2023: −27.3% vs market
IVP · Jan 2024: −26.7% vs market
JAYSREETEA · May 2025: −22.0% vs market
SALONA · Jul 2023: −21.6% vs market
BALKRISHNA · Oct 2022: −21.4% vs market
RANEHOLDIN · Mar 2025: −20.1% vs market
MAWANASUG · Jan 2025: −18.7% vs market
HISARMETAL · Jul 2023: −12.5% vs market
NFL · Oct 2021: −12.5% vs market
SURYALAXMI · Sep 2022: −12.3% vs market
SAKHTISUG · Feb 2020: −11.5% vs market
RBS · May 2025: −10.3% vs market
SANGAMIND · Nov 2023: −9.2% vs market
NDL · Apr 2024: −8.4% vs market
ORIENTPPR · Jun 2023: −7.7% vs market
SPORTKING · Oct 2023: −6.3% vs market
ZUARI · Jun 2024: −6.0% vs market
BSL · Oct 2023: −2.3% vs market
GINNIFILA · Nov 2021: −2.0% vs market
MUNJALAU · May 2024: −1.6% vs market
TBZ · Sep 2021: −0.1% vs market
JINDALPOLY · May 2025: +4.4% vs market
PTC · Sep 2023: +8.9% vs market
GOKULAGRO · Jul 2023: +10.5% vs market
BANSWRAS · May 2020: +12.4% vs market
INDORAMA · Sep 2021: +14.4% vs market
PARACABLES · Feb 2021: +15.1% vs market
NITINSPIN · Dec 2023: +16.6% vs market
SUPERHOUSE · May 2021: +19.6% vs market
INDIAGLYCO · Jul 2021: +28.4% vs market
AVADHSUGAR · Nov 2022: +41.8% vs market
RAJSREESUG · Sep 2022: +42.0% vs market
GPTINFRA · Jan 2022: +43.4% vs market
JISLJALEQS · Sep 2022: +48.0% vs market
HCC · Mar 2021: +57.3% vs market
RGL · Jun 2020: +59.1% vs market
SPIC · Nov 2020: +59.3% vs market
SALSTEEL · Apr 2022: +84.4% vs market
BIL · Dec 2023: +95.8% vs market
MAGADSUGAR · Nov 2022: +126.6% vs market
INDSWFTLAB · Apr 2020: +135.5% vs market
HITECH · Nov 2020: +147.3% vs market
SARDAEN · Jul 2020: +211.9% vs market
GOODLUCK · Mar 2021: +239.1% vs market
Similar setups −1.8%All companies −0.7%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
−1.8%
All companies' median
−0.7%
Beat the market
46% vs 49%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
INDIAGLYCO
Process Industries		 Jul 2021 5x10% +154%−9% +28%
AVADHSUGAR
Process Industries		 Nov 2022 8x13% +26%−42% +42%
MUNJALAU
Producer Manufacturing		 May 2024 14x9% +59%−30% −2%
PRECOT
Process Industries		 May 2022 10x10% +66%−33% −35%
INDSWFTLAB
Health Technology		 Apr 2020 4x4% −41%−54% +136%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PTC
Producer Manufacturing		 Sep 2023 8x9% +73%−14% +9%
SAKHTISUG
Process Industries		 Feb 2020 —-7% −22%−41% −12%
SURYALAXMI
Process Industries		 Sep 2022 3x14% +11%−30% −12%
How reliable is this?

Matched on P/E, P/S, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: P/S, drawdown from 12-month high and interest cover. Not used (unavailable for this company): ROCE. 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 UGAR SUGAR WORKS LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

30 events since Sep '21

  1. OctValuationP/E fell below the 10th percentile of its own history to date (6.8x).
  2. JunPromoterPromoter holding fell 2.2 pts to 44.5% (largest drop in the history since 2019-01).
  3. MayValuationP/E fell below the 10th percentile of its own history to date (6.8x).
  4. MarPriceFell 74% from the Jul 2023 peak to the Mar 2026 low.
  5. JunPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  6. DecValuationP/E fell below the 10th percentile of its own history to date (11.3x).
  7. DecPeer rankMoved into the 2nd quartile of Process Industries on EPS growth (from the 3rd quartile).
  8. JunResultsYear-on-year EPS growth turned negative.
Show 22 earlier events
  1. JunPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  2. MarValuationP/E fell below the 10th percentile of its own history to date (10.8x).
  3. JanDebtDebt / equity halved over 12 months to 1.31x.
  4. DecPeer rankSlipped to the bottom quartile of Process Industries on operating margin (from the 3rd quartile).
  5. SepPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the top quartile).
  6. AugValuationP/E fell below the 10th percentile of its own history to date (11.7x).
  7. JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 3rd quartile).
  8. JunDebtDebt / equity halved over 12 months to 1.81x.
  9. MarPeer rankMoved into the top quartile of Process Industries on operating margin (from the 3rd quartile).
  10. DecPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
  11. NovPriceRegained the 2022-03 peak, 5 months after the low.
  12. SepValuationP/E fell below the 10th percentile of its own history to date (10.4x).
  13. JunPriceFell 46% from the Mar 2022 peak to the Jun 2022 low.
  14. JunPeer rankSlipped to the 2nd quartile of Process Industries on operating margin (from the top quartile).
  15. JunDividendDividend payout cut from 13% to 6% of profit.
  16. MarPeer rankMoved into the top quartile of Process Industries on operating margin (from the bottom quartile).
  17. FebPriceRegained the 2021-07 peak, 3 months after the low.
  18. DecResultsYear-on-year EPS growth turned positive.
  19. DecPeer rankMoved into the top quartile of Process Industries on EPS growth (from the 3rd quartile).
  20. NovPriceFell 33% from the Jul 2021 peak to the Nov 2021 low.
  21. SepResultsYear-on-year EPS growth turned negative.
  22. SepPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).

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 history90 months · 2019-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-116.9x₹1624 cr40.0%—1.3x
2026-106.8x₹1624 cr40.0%—1.3x
2026-099.4x₹1624 cr40.1%—1.3x
2026-089.1x₹1624 cr40.1%—1.3x
2026-076.7x₹1624 cr40.1%—1.3x
2026-066.7x₹1624 cr40.1%—1.3x
2026-056.8x₹1624 cr40.1%—1.3x
2026-047.2x₹1624 cr40.1%—1.3x
2026-036.4x₹1624 cr40.1%—1.3x
2026-026.0x₹1624 cr40.1%—1.3x
2026-016.2x₹1624 cr40.1%—1.3x
2025-127.1x₹1624 cr40.1%—1.3x
2025-116.7x₹1624 cr40.1%—1.3x
2025-107.0x₹1624 cr40.1%—1.3x
2025-097.0x₹1624 cr40.1%—1.3x
2025-086.8x₹1624 cr40.1%—1.3x
2025-077.4x₹1624 cr40.1%—1.3x
2025-068.3x₹1624 cr40.1%—1.3x
2025-057.8x₹1624 cr40.1%—1.3x
2025-047.1x₹1624 cr40.1%—1.3x
2025-037.5x₹1624 cr40.1%—1.3x
2025-027.6x₹1624 cr40.1%—1.3x
2025-018.4x₹1624 cr40.1%—1.3x
2024-1211.3x₹1624 cr40.1%—1.3x
2024-1112.5x₹1624 cr40.1%—1.3x
2024-1013.1x₹1624 cr40.1%—1.3x
2024-0914.4x₹1624 cr40.1%—1.3x
2024-0814.0x₹1624 cr40.1%—1.3x
2024-0714.0x₹1624 cr40.1%—1.3x
2024-0613.4x₹1624 cr40.1%—1.3x
2024-0511.8x₹1624 cr40.1%—1.3x
2024-0413.1x₹1624 cr40.1%—1.3x
2024-0310.8x₹1624 cr40.1%—1.3x
2024-0213.2x₹1624 cr40.1%—1.3x
2024-0113.2x₹1624 cr40.1%—1.3x
2023-1213.4x₹1624 cr40.1%—1.3x
2023-1111.5x₹1646 cr40.3%27.0%1.8x
2023-1012.1x₹1646 cr40.3%27.0%1.8x
2023-0913.9x₹1646 cr40.3%27.0%1.8x
2023-0811.7x₹1793 cr47.1%27.0%1.8x
2023-0714.7x₹1793 cr47.1%27.0%1.8x
2023-0613.5x₹1793 cr47.1%27.0%1.8x
2023-0523.7x₹1548 cr44.3%12.0%5.7x
2023-0422.9x₹1548 cr44.3%12.0%5.7x
2023-0319.8x₹1548 cr44.3%12.0%5.7x
2023-0217.4x₹1253 cr48.4%12.0%5.7x
2023-0118.8x₹1253 cr48.4%12.0%5.7x
2022-1219.8x₹1253 cr48.4%12.0%5.7x
2022-1115.5x₹1250 cr54.1%12.0%5.7x
2022-1013.1x₹1250 cr54.1%12.0%5.7x
2022-0910.4x₹1250 cr54.1%12.0%5.7x
2022-0814.8x₹1137 cr35.2%12.0%5.7x
2022-0715.3x₹1137 cr35.2%12.0%5.7x
2022-0612.6x₹1137 cr35.2%12.0%5.7x
2022-0515.3x₹1094 cr47.5%10.0%7.6x
2022-0420.0x₹1094 cr47.5%10.0%7.6x
2022-0319.9x₹1094 cr47.5%10.0%7.6x
2022-0225.1x₹1030 cr25.0%10.0%7.6x
2022-0118.2x₹1030 cr25.0%10.0%7.6x
2021-1216.5x₹1030 cr25.0%10.0%7.6x
2021-1123.3x₹968 cr15.0%10.0%7.6x
2021-1024.4x₹968 cr15.0%10.0%7.6x
2021-0926.1x₹968 cr15.0%10.0%7.6x
2021-0818.2x₹956 cr21.3%10.0%7.6x
2021-0722.1x₹956 cr21.3%10.0%7.6x
2021-0623.6x₹956 cr21.3%10.0%7.6x
2021-0523.9x₹870 cr21.5%11.0%7.9x
2021-0419.5x₹870 cr21.5%11.0%7.9x
2021-0314.2x₹870 cr21.5%11.0%7.9x
2021-0213.6x₹870 cr21.5%11.0%7.9x
2021-0112.7x₹870 cr21.5%11.0%7.9x
2020-1213.8x₹870 cr21.5%11.0%7.9x
2020-1111.9x₹870 cr21.5%11.0%7.9x
2020-1011.2x₹870 cr21.5%11.0%7.9x
2020-0911.8x₹870 cr21.5%11.0%7.9x
2020-0811.9x₹870 cr21.5%11.0%7.9x
2020-0711.0x₹870 cr21.5%11.0%7.9x
2020-0611.6x₹870 cr21.5%11.0%7.9x
2020-0531.3x₹750 cr8.6%—8.0x
2020-0433.7x₹750 cr8.6%—8.0x
2020-0327.8x₹750 cr8.6%—8.0x
2020-0233.2x₹750 cr8.6%—8.0x
2020-0136.8x₹750 cr8.6%—8.0x
2019-1233.5x₹750 cr8.6%—8.0x
2019-1133.3x₹750 cr8.6%—8.0x
2019-1031.5x₹750 cr8.6%—8.0x
2019-0932.6x₹750 cr8.6%—8.0x
2019-0831.8x₹750 cr8.6%—8.0x
2019-0733.1x₹750 cr8.6%—8.0x
2019-0636.0x₹750 cr8.6%—8.0x

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.

Feedback