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VST INDUSTRIES LTD (VSTIND)

Consumer Non-Durables · Tobacco · 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.72 / 100
Profitability 92Growth 25Balance sheet 100
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.45 / 100
Price 38Earnings 43FII/DII 53
Compare withITCGODFREY PHILLIPS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹196.65 latest close · −23.3% over the last 90 sessions

₹200₹225₹250Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹200₹225₹250Jul 3Sep 4Nov 9

₹196.65 month-end · −19.1% over 12 months

₹180₹200₹220₹240Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹180₹200₹220₹240Nov '25May '26Nov '26

₹196.65 month-end · −31.7% over 3 years

₹200₹300₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹300₹400Nov '23May '25Nov '26

₹196.65 month-end · −29.5% since Jan '19

₹200₹300₹400Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹200₹300₹400Jan '19Dec '22Nov '26

52-week range ₹184.11 to ₹273.80 · 1-year volatility 22.9%

Was the rally earned?

-19%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 0 points, but investors now pay less per rupee of profit (P/E 66.6x to 53.9x), which took 19 points back.
  • 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: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19 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: −19%−19%Share priceNet profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −19%−19%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-19 ptsThe P/E fell from 66.6x to 53.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-32%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 0 points, but investors now pay less per rupee of profit (P/E 78.9x to 53.9x), which took 32 points back.
  • 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: −32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−32 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: −32%−32%Share priceNet profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: −32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−32P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −32%−32%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-32 ptsThe P/E fell from 78.9x to 53.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-27%share price, 5 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 0 points, but investors now pay less per rupee of profit (P/E 74.2x to 53.9x), which took 27 points back.
  • 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: −27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−27 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: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: −27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−27P/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 growth0 ptsNet profit was little changed.
P/E change-27 ptsThe P/E fell from 74.2x to 53.9x, 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 ITC

How rough has the ride been?

Maximum drawdown-59.6%not yet recovered
1-year volatility22.9%annualised
Beta vs sector index0.683-year daily, correlation 0.26
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−59.6% 0%−20%−40%−60%2020202220242026−59.6%
Largest drawdowns

-59.6% (2024-09 peak to 2026-10 low, not yet recovered)

-44.6% (2020-01 peak to 2020-03 low, recovered 2024-08)

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?

53.9xP/E todayNear its historic low
Against its own history3rd percentile
CheapestMedian 78.7xDearest

Usual range 66.2x to 93.7x since 2019-01.

Against Consumer Non-Durables53.9x vs 26.8x
This company
53.9x
Sector median
26.8x

101% above the Consumer Non-Durables median.

14.2x45.6x77.1x108.6xJan '19Aug '20Mar '22Oct '23May '25Nov '2614.2x45.6x77.1x108.6xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

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

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

Where does it rank among Consumer Non-Durables peers?

Each cell is the company's percentile rank among its Consumer Non-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

  • ROCE92ndflat vs a year ago
  • Revenue growth26th▲ 5 pts vs a year ago
  • EPS growth36th▼ 4 pts vs a year ago
  • Debt/equity ↓98thflat vs a year ago
  • Cash cycle ↓79thflat vs a year ago
  • P/E ↓24th▲ 3 pts vs a year ago
  • 12M momentum41stflat vs a year ago

Rank history

ROCE
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

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 Non-Durables sector page Watch it move against Consumer Non-Durables in the Observatory

What is the price implying?

~25%annual earnings growth implied by the price

At a P/E of 53.9x, the price would imply about 24.5%/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 Consumer Non-Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹196.65
P/E
53.9x
ROCE
34.0%
Market Cap
₹3331 cr
Revenue (TTM)
₹471 cr
P/S
7.1x
P/B
13.3x
ROE
24.7%
Debt / Equity
0.0x
Promoter Holding
32.2%
12M Momentum
-19.1%

52-week range

₹184.11₹273.80
14% of the way from its 52-week low to its high

Price risk

1Y volatility
22.9%
Beta vs sector
1-year daily
0.74

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
0.78x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 6checks within range1 beyond a threshold
Other income reliance40%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 39.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion0.78xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.78x (cash from operations ₹142 cr, net profit ₹182 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (11 vs 11). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress5% of fixed assetsWithin range

Capital work-in-progress is 5% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days0 days / 2 yrsWithin range

Days payable changed by 0 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, DIIs trimmed 11.5 pts.
  • The number of shareholders rose from 31,073 to 1.5 lakh (+378%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters32.2%32.2%0.0 pts
FIIs1.4%1.8%+0.4 pts
DIIs17.5%6.0%-11.5 pts
Public and others48.6%59.8%+11.3 pts

Number of shareholders

1.5 lakhshareholders+378% since Dec '23
31k74k1.2L1.6L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 31,073
Mar '24: 32,868
Jun '24: 34,355
Sep '24: 1.1 lakh
Dec '24: 1.2 lakh
Mar '25: 1.5 lakh
Jun '25: 1.6 lakh
Sep '25: 1.5 lakh
Dec '25: 1.5 lakh
Mar '26: 1.5 lakh
Jun '26: 1.5 lakh
 31k74k1.2L1.6L Dec '23Dec '24Dec '25Jun '26
Dec '23: 31,073
Mar '24: 32,868
Jun '24: 34,355
Sep '24: 1.1 lakh
Dec '24: 1.2 lakh
Mar '25: 1.5 lakh
Jun '25: 1.6 lakh
Sep '25: 1.5 lakh
Dec '25: 1.5 lakh
Mar '26: 1.5 lakh
Jun '26: 1.5 lakh

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

−0.5%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 VST INDUSTRIES LTD today on valuation, return on capital, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −19% to +17% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (+1.7%, 80% range −8.3% to +4.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%
CELLO · Oct 2025: −47.1% vs market
TCIEXP · Jun 2023: −47.0% vs market
WENDT · Jan 2025: −46.1% vs market
SANOFI · Jul 2025: −45.9% vs market
AMRUTANJAN · Jan 2023: −42.2% vs market
CLEAN · Dec 2024: −41.7% vs market
IRCTC · Sep 2025: −35.3% vs market
PIIND · Sep 2025: −34.6% vs market
SUMICHEM · Apr 2023: −32.6% vs market
INDIGOPNTS · Nov 2023: −25.5% vs market
VESUVIUS · Aug 2020: −21.7% vs market
BOSCHLTD · Apr 2020: −20.3% vs market
PGHH · May 2024: −19.1% vs market
VINATIORGA · Oct 2024: −18.4% vs market
SWARAJENG · Apr 2021: −16.7% vs market
OFSS · Feb 2020: −14.5% vs market
GARFIBRES · Jan 2023: −14.5% vs market
LMW · Nov 2024: −10.9% vs market
PGHL · Jan 2023: −9.9% vs market
HONAUT · Oct 2021: −9.6% vs market
CHEVIOT · Aug 2025: −9.3% vs market
ATUL · Jul 2021: −8.8% vs market
VGUARD · Jun 2020: −4.5% vs market
ICRA · Nov 2020: −2.2% vs market
TIMKEN · Jun 2025: −0.6% vs market
PFIZER · Oct 2024: −0.4% vs market
INGERRAND · Sep 2020: +1.7% vs market
FINEORG · Jul 2024: +1.7% vs market
GILLETTE · Apr 2023: +2.3% vs market
HAVELLS · Jun 2020: +3.5% vs market
ERIS · Sep 2022: +6.2% vs market
3MINDIA · Jul 2025: +6.8% vs market
RHIM · Mar 2020: +7.1% vs market
ASTRAZEN · May 2022: +8.5% vs market
SHANTIGEAR · Sep 2025: +11.0% vs market
ABBOTINDIA · May 2024: +11.9% vs market
AJANTPHARM · Jul 2022: +15.7% vs market
KSB · Jun 2025: +17.0% vs market
TTKPRESTIG · Nov 2020: +23.0% vs market
CRISIL · Feb 2021: +23.2% vs market
ESABINDIA · May 2025: +26.7% vs market
GLAXO · Jul 2023: +32.6% vs market
BASF · Jan 2020: +32.6% vs market
SIRCA · Dec 2020: +35.3% vs market
MOIL · Oct 2022: +36.9% vs market
CDSL · Jul 2023: +37.8% vs market
ZFCVINDIA · Dec 2022: +40.7% vs market
JBCHEPHARM · Aug 2022: +44.0% vs market
GRINDWELL · Sep 2020: +53.9% vs market
SUPREMEIND · Sep 2022: +66.5% vs market
Similar setups −0.5%All companies −2.2%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−0.5%
All companies' median
−2.2%
Beat the market
48% vs 48%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GILLETTE
Consumer Non-Durables		 Apr 2023 49x51% −16%−20% +2%
PGHL
Health Technology		 Jan 2023 34x38% −19%−20% −10%
MOIL
Non-Energy Minerals		 Oct 2022 49x— −1%−20% +37%
GRINDWELL
Process Industries		 Sep 2020 33x20% −12%−19% +54%
3MINDIA
Producer Manufacturing		 Jul 2025 57x41% −22%−22% +7%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ICRA
Commercial Services		 Nov 2020 26x20% −7%−15% −2%
CLEAN
Process Industries		 Dec 2024 59x29% −8%−14% −42%
VGUARD
Producer Manufacturing		 Jun 2020 39x26% −30%−32% −5%
How reliable is this?

Matched on P/E, P/S, ROCE, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/S. Not used (unavailable for this company): operating margin and interest cover. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

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

Methodology

How historical analogs are built

Data as of 2026-11-09. 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.

AMRUTANJAN HEALTH CAREAMRUTANJAN
Health Technology
71%similar
revenue growthEPS growth
CLEAN SCIENCE AND TECHNOLOGYCLEAN
Process Industries
54%similar
debt/equityrevenue growth
TATA ELXSITATAELXSI
Technology Services
54%similar
debt/equityrevenue growth
MOLD-TEK PACKAGINGMOLDTKPAC
Producer Manufacturing
46%similar
revenue growthEPS growth
PFIZERPFIZER
Health Technology
42%similar
debt/equityrevenue growth
COLGATE-PALMOLIVE (INDIA)COLPAL
Consumer Non-Durables
43%similar
revenue growthEPS growth
EMAMIEMAMILTD
Consumer Non-Durables
23%similar
volatilityROCE
PAGE INDUSTRIESPAGEIND
Consumer Non-Durables
20%similar
P/Evolatility

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. OctPriceFell 60% from the Sep 2024 peak to the Oct 2026 low.
  2. JulValuationP/E fell below the 10th percentile of its own history to date (60.7x).
  3. AprPriceVolume reached 81.3x its 50-day median on 2026-04-17; price +9.6% that day.
  4. FebPriceVolume reached 28.4x its 50-day median on 2026-02-06; price +3.6% that day.
  5. OctPriceVolume reached 70.3x its 50-day median on 2025-10-30; price +1.1% that day.
  6. SepInstitutionsFII + DII holding fell 3.1 pts over 2 quarters to 7.8%.
  7. AugValuationP/E fell below the 10th percentile of its own history to date (70.3x).
  8. JulPriceVolume reached 11.0x its 50-day median on 2025-07-11; price +6.2% that day.
Show 22 earlier events
  1. JunPriceVolume reached 5.5x its 50-day median on 2025-06-30; price +3.6% that day.
  2. FebValuationP/E fell below the 10th percentile of its own history to date (66.0x).
  3. FebPriceVolume reached 8.5x its 50-day median on 2025-02-07; price +1.2% that day.
  4. DecPriceVolume reached 5.6x its 50-day median on 2024-12-11; price +7.4% that day.
  5. OctPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  6. SepInstitutionsFII + DII holding fell 4.4 pts over 2 quarters to 14.5%.
  7. AugPriceRegained the 2020-01 peak, 53 months after the low.
  8. JulPriceVolume reached 42.5x its 50-day median on 2024-07-24; price -16.8% that day.
  9. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on EPS growth (from the 3rd quartile).
  10. AprValuationP/E crossed above the 90th percentile of its own history to date (95.8x).
  11. AprPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
  12. AprPriceVolume reached 16.3x its 50-day median on 2024-04-18; price +4.7% that day.
  13. JanPriceVolume reached 123.4x its 50-day median on 2024-01-03; price -0.6% that day.
  14. DecPriceVolume reached 22.1x its 50-day median on 2023-12-20; price -0.5% that day.
  15. JulValuationP/E crossed above the 90th percentile of its own history to date (90.4x).
  16. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on EPS growth (from the 3rd quartile).
  17. AprPriceVolume reached 12.8x its 50-day median on 2023-04-26; price -2.5% that day.
  18. JanValuationP/E fell below the 10th percentile of its own history to date (72.0x).
  19. DecPriceVolume reached 11.5x its 50-day median on 2022-12-01; price +0.6% that day.
  20. SepPriceVolume reached 17.4x its 50-day median on 2022-09-19; price +0.7% that day.
  21. JunValuationP/E fell below the 10th percentile of its own history to date (72.6x).
  22. AprPriceVolume reached 9.7x its 50-day median on 2022-04-11; price +0.7% 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
2026-1153.9x₹471 cr24.7%34.0%0.0x
2026-1050.8x₹471 cr24.8%34.0%0.0x
2026-0955.7x₹471 cr24.8%34.0%0.0x
2026-0857.5x₹471 cr24.8%34.0%0.0x
2026-0760.7x₹471 cr24.8%34.0%0.0x
2026-0668.1x₹471 cr24.8%34.0%0.0x
2026-0566.9x₹471 cr24.8%34.0%0.0x
2026-0467.6x₹471 cr24.8%34.0%0.0x
2026-0352.3x₹471 cr24.8%34.0%0.0x
2026-0261.2x₹471 cr24.8%34.0%0.0x
2026-0161.4x₹471 cr24.8%34.0%0.0x
2025-1267.4x₹471 cr24.8%34.0%0.0x
2025-1166.6x₹471 cr24.8%34.0%0.0x
2025-1068.3x₹471 cr24.8%34.0%0.0x
2025-0967.6x₹471 cr24.8%34.0%0.0x
2025-0870.3x₹471 cr24.8%34.0%0.0x
2025-0773.9x₹471 cr24.8%34.0%0.0x
2025-0680.4x₹471 cr24.8%34.0%0.0x
2025-0574.8x₹471 cr24.8%34.0%0.0x
2025-0475.9x₹471 cr24.8%34.0%0.0x
2025-0368.8x₹471 cr24.8%34.0%0.0x
2025-0266.0x₹471 cr24.8%34.0%0.0x
2025-0183.8x₹471 cr24.8%34.0%0.0x
2024-1287.9x₹471 cr24.8%34.0%0.0x
2024-1184.6x₹471 cr24.8%34.0%0.0x
2024-1090.4x₹471 cr24.8%34.0%0.0x
2024-0998.2x₹471 cr24.8%34.0%0.0x
2024-08108.6x₹471 cr24.8%34.0%0.0x
2024-07104.1x₹471 cr24.8%34.0%0.0x
2024-0695.0x₹471 cr24.8%34.0%0.0x
2024-0596.0x₹471 cr24.8%34.0%0.0x
2024-0495.8x₹471 cr24.8%34.0%0.0x
2024-0384.9x₹471 cr24.8%34.0%0.0x
2024-0287.5x₹471 cr24.8%34.0%0.0x
2024-0188.0x₹471 cr24.8%34.0%0.0x
2023-1281.0x₹471 cr24.8%34.0%0.0x
2023-1178.9x₹471 cr24.8%34.0%0.0x
2023-1076.3x₹471 cr24.8%34.0%0.0x
2023-0982.0x₹471 cr24.8%34.0%0.0x
2023-0886.9x₹471 cr24.8%34.0%0.0x
2023-0790.4x₹471 cr24.8%34.0%0.0x
2023-0682.3x₹471 cr24.8%34.0%0.0x
2023-0580.8x₹471 cr24.8%34.0%0.0x
2023-0478.1x₹471 cr24.8%34.0%0.0x
2023-0374.8x₹471 cr24.8%34.0%0.0x
2023-0273.5x₹471 cr24.8%34.0%0.0x
2023-0172.0x₹471 cr24.8%34.0%0.0x
2022-1278.7x₹471 cr24.8%34.0%0.0x
2022-1182.5x₹471 cr24.8%34.0%0.0x
2022-1083.3x₹471 cr24.8%34.0%0.0x
2022-0976.9x₹471 cr24.8%34.0%0.0x
2022-0877.0x₹471 cr24.8%34.0%0.0x
2022-0776.1x₹471 cr24.8%34.0%0.0x
2022-0672.6x₹471 cr24.8%34.0%0.0x
2022-0576.3x₹471 cr24.8%34.0%0.0x
2022-0476.7x₹471 cr24.8%34.0%0.0x
2022-0372.9x₹471 cr24.8%34.0%0.0x
2022-0271.5x₹471 cr24.8%34.0%0.0x
2022-0175.9x₹471 cr24.8%34.0%0.0x
2021-1275.4x₹471 cr24.8%34.0%0.0x
2021-1174.2x₹471 cr24.8%34.0%0.0x
2021-1078.4x₹471 cr24.8%34.0%0.0x
2021-0980.8x₹471 cr24.8%34.0%0.0x
2021-0879.6x₹471 cr24.8%34.0%0.0x
2021-0781.6x₹471 cr24.8%34.0%0.0x
2021-0685.9x₹471 cr24.8%34.0%0.0x
2021-0578.9x₹471 cr24.8%34.0%0.0x
2021-0476.8x₹471 cr24.8%34.0%0.0x
2021-0380.6x₹471 cr24.8%34.0%0.0x
2021-0281.6x₹471 cr24.8%34.0%0.0x
2021-0183.9x₹471 cr24.8%34.0%0.0x
2020-1288.1x₹471 cr24.8%34.0%0.0x
2020-1185.5x₹471 cr24.8%34.0%0.0x
2020-1080.8x₹471 cr24.8%34.0%0.0x
2020-0977.7x₹471 cr24.8%34.0%0.0x
2020-0880.7x₹471 cr24.8%34.0%0.0x
2020-0777.2x₹471 cr24.8%34.0%0.0x
2020-0674.5x₹471 cr24.8%34.0%0.0x
2020-0574.1x₹471 cr24.8%34.0%0.0x
2020-0469.3x₹471 cr24.8%34.0%0.0x
2020-0365.9x₹471 cr24.8%34.0%0.0x
2020-0296.9x₹471 cr24.8%34.0%0.0x
2020-01105.8x₹471 cr24.8%34.0%0.0x
2019-12100.2x₹471 cr24.8%34.0%0.0x
2019-11103.0x₹471 cr24.8%34.0%0.0x
2019-1091.7x₹471 cr24.8%34.0%0.0x
2019-0989.8x₹471 cr24.8%34.0%0.0x
2019-0881.2x₹471 cr24.8%34.0%0.0x
2019-0779.6x₹471 cr24.8%34.0%0.0x
2019-0681.8x₹471 cr24.8%34.0%0.0x
2019-0586.0x₹471 cr24.8%34.0%0.0x
2019-0481.5x₹471 cr24.8%34.0%0.0x
2019-0382.2x₹471 cr24.8%34.0%0.0x
2019-0276.5x₹471 cr24.8%34.0%0.0x
2019-0176.4x₹471 cr24.8%34.0%0.0x

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.

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