Share price
₹69.59 latest close · −14.2% over the last 90 sessions
₹69.59 month-end · −33.9% over 12 months
₹69.59 month-end · −42.0% over 3 years
₹69.59 month-end · +60.3% since Jan '19
52-week range ₹60.11 to ₹114.50 · 1-year volatility 36.2%
Was the rally earned?
Earnings helped, the multiple did not.
- Per-share earnings added 30 points, but investors now pay less per rupee of profit (P/E 44.6x to 17.6x), which took 72 points back.
- The share count fell 6%.
Mostly yes.
- Per-share earnings added 32 points to the rise, while the multiple moved less (P/E 17.4x to 17.6x).
- The share count fell 7%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 1 year: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-74.6% (2019-01 peak to 2020-03 low, recovered 2020-12)
-59.8% (2024-06 peak to 2026-10 low, not yet recovered)
-52.1% (2022-02 peak to 2022-07 low, recovered 2022-09)
Is it expensive against its own past and its peers?
Usual range 7.3x to 44.3x since 2019-01.
Close to the Process Industries median.
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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.
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
- ROCE62nd▼ 8 pts vs a year ago
- Op. margin46th▼ 14 pts vs a year ago
- Revenue growth35th▼ 33 pts vs a year ago
- EPS growth3rd▼ 82 pts vs a year ago
- Debt/equity ↓78th▲ 10 pts vs a year ago
- Cash cycle ↓97thflat vs a year ago
- P/E ↓52nd
- 12M momentum14th▼ 43 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Process Industries sector page Watch it move against Process Industries in the Observatory
What is the price implying?
At a P/E of 30.0x, the price would imply about 19.3%/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
- ₹69.59
- P/E
- 17.6x
- ROCE
- 14.0%
- Market Cap
- ₹108 cr
- Revenue (TTM)
- ₹128 cr
- P/S
- 0.8x
- P/B
- 1.6x
- ROE
- 9.3%
- Operating Margin
- 10.9%
- Debt / Equity
- 0.1x
- Promoter Holding
- 68.3%
- 12M Momentum
- -33.9%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance4%Within range
Other income as a share of pre-tax profit (trailing twelve months): 4.2%. 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 conversion3.82xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 3.82x (cash from operations ₹42 cr, net profit ₹11 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow5 of 5 yrsWithin range
Fiscal years with positive free cash flow in the last 5: 5. 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 (37 vs 37). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days+50 days / 2 yrsNear threshold
Days payable changed by +50 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.
Who has been buying and selling?
- Over 3 years, institutional and promoter holdings were broadly unchanged.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like WEIZMANN 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 −17% to +55% vs the market, against −4% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +8.7%, 80% range +0.1% to +17.8%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 4 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 31 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| MODISONLTD Producer Manufacturing |
Dec 2022 | 15x | 14% | −22% | −29% | +66% |
| PLASTIBLEN Process Industries |
May 2022 | 14x | 16% | −20% | −35% | −16% |
| LINC Consumer Non-Durables |
Apr 2025 | 17x | — | −31% | −45% | −12% |
| WINDLAS Health Technology |
Oct 2022 | 13x | 15% | −27% | −30% | +35% |
| DICIND Process Industries |
Apr 2024 | 19x | 15% | +6% | −17% | +53% |
Show the other 3 matches
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, drawdown from 12-month high and P/S. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
30 events since Jun '21
- OctPriceFell 60% from the Jun 2024 peak to the Oct 2026 low.
- JunResultsEPS (TTM) turned positive.
- JunPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the top quartile).
- JunDividendStarted paying a dividend (payout 13% of profit).
- MarPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
- JunResultsEPS (TTM) turned negative.
- JunPeer rankSlipped to the 2nd quartile of Process Industries on operating margin (from the top quartile).
- JunDividendDividend payout cut from 9% to -22% of profit.
Show 22 earlier events
- MarPeer rankMoved into the top quartile of Process Industries on operating margin (from the 2nd quartile).
- JunPriceRegained the 2023-11 peak, 3 months after the low.
- JunPeer rankMoved into the 2nd quartile of Process Industries on ROCE (from the 3rd quartile).
- JunDividendDividend payout cut from 19% to 9% of profit.
- AprValuationP/E crossed above the 90th percentile of its own history to date (48.4x).
- MarPriceFell 40% from the Nov 2023 peak to the Mar 2024 low.
- OctPriceRegained the 2022-11 peak, 7 months after the low.
- OctValuationP/E crossed above the 90th percentile of its own history to date (51.1x).
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the 3rd quartile of Process Industries on ROCE (from the bottom quartile).
- MarPriceFell 40% from the Nov 2022 peak to the Mar 2023 low.
- SepPriceRegained the 2022-02 peak, 2 months after the low.
- AugValuationP/E crossed above the 90th percentile of its own history to date (35.3x).
- JulPriceFell 52% from the Feb 2022 peak to the Jul 2022 low.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankSlipped to the bottom quartile of Process Industries on ROCE (from the 3rd quartile).
- FebPriceRegained the 2021-07 peak, 6 months after the low.
- AugPriceFell 38% from the Jul 2021 peak to the Aug 2021 low.
- JulPriceRegained the 2020-12 peak, 3 months after the low.
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the top quartile of Process Industries on EPS growth (from the bottom quartile).
- JunDividendDividend payout cut from 580% to 17% of profit.
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
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 17.6x | ₹128 cr | 9.3% | 14.0% | 0.1x |
| 2026-10 | 17.3x | ₹128 cr | 9.3% | 14.0% | 0.1x |
| 2026-09 | 17.9x | ₹128 cr | 9.3% | 14.0% | 0.1x |
| 2026-08 | 19.2x | ₹127 cr | 9.0% | 14.0% | 0.1x |
| 2026-07 | 20.3x | ₹127 cr | 9.0% | 14.0% | 0.1x |
| 2026-06 | 22.4x | ₹127 cr | 9.0% | 14.0% | 0.1x |
| 2026-05 | — | ₹131 cr | -5.2% | 16.0% | 0.2x |
| 2026-04 | — | ₹131 cr | -5.2% | 16.0% | 0.2x |
| 2026-03 | — | ₹131 cr | -5.2% | 16.0% | 0.2x |
| 2026-02 | — | ₹131 cr | -5.8% | 16.0% | 0.2x |
| 2026-01 | — | ₹131 cr | -5.8% | 16.0% | 0.2x |
| 2025-12 | — | ₹131 cr | -5.8% | 16.0% | 0.2x |
| 2025-11 | — | ₹126 cr | -5.4% | 16.0% | 0.2x |
| 2025-10 | — | ₹126 cr | -5.4% | 16.0% | 0.2x |
| 2025-09 | — | ₹126 cr | -5.4% | 16.0% | 0.2x |
| 2025-08 | — | ₹117 cr | -6.0% | 16.0% | 0.2x |
| 2025-07 | — | ₹117 cr | -6.0% | 16.0% | 0.2x |
| 2025-06 | — | ₹117 cr | -6.0% | 16.0% | 0.2x |
| 2025-05 | 27.0x | ₹112 cr | 9.5% | 16.0% | 0.1x |
| 2025-04 | 24.9x | ₹112 cr | 9.5% | 16.0% | 0.1x |
| 2025-03 | 24.3x | ₹112 cr | 9.5% | 16.0% | 0.1x |
| 2025-02 | 22.6x | ₹111 cr | 10.1% | 16.0% | 0.1x |
| 2025-01 | 27.1x | ₹111 cr | 10.1% | 16.0% | 0.1x |
| 2024-12 | 29.5x | ₹111 cr | 10.1% | 16.0% | 0.1x |
| 2024-11 | 29.7x | ₹111 cr | 9.4% | 16.0% | 0.1x |
| 2024-10 | 29.8x | ₹111 cr | 9.4% | 16.0% | 0.1x |
| 2024-09 | 33.2x | ₹111 cr | 9.4% | 16.0% | 0.1x |
| 2024-08 | 23.6x | ₹123 cr | 12.3% | 16.0% | 0.1x |
| 2024-07 | 21.5x | ₹123 cr | 12.3% | 16.0% | 0.1x |
| 2024-06 | 23.6x | ₹123 cr | 12.3% | 16.0% | 0.1x |
| 2024-05 | 43.3x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2024-04 | 48.4x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2024-03 | 41.2x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2024-02 | 39.9x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2024-01 | 41.5x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2023-12 | 42.8x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2023-11 | 44.6x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2023-10 | 51.1x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2023-09 | 38.8x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2023-08 | 34.4x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2023-07 | 34.4x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2023-06 | 36.8x | ₹135 cr | 6.8% | 12.0% | 0.2x |
| 2023-05 | 45.7x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2023-04 | 48.9x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2023-03 | 37.3x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2023-02 | 42.3x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2023-01 | 49.0x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2022-12 | 46.4x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2022-11 | 47.8x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2022-10 | 50.3x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2022-09 | 35.3x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2022-08 | 35.3x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2022-07 | 22.2x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2022-06 | 20.8x | ₹100 cr | 5.5% | 4.0% | 0.3x |
| 2022-05 | 17.1x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2022-04 | 20.0x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2022-03 | 18.8x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2022-02 | 21.1x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2022-01 | 19.9x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2021-12 | 19.2x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2021-11 | 17.4x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2021-10 | 17.8x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2021-09 | 15.8x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2021-08 | 16.2x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2021-07 | 18.2x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2021-06 | 18.5x | ₹98 cr | 6.8% | 9.0% | 0.2x |
| 2021-05 | 30.6x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2021-04 | 24.9x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2021-03 | 25.3x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2021-02 | 27.0x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2021-01 | 24.0x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2020-12 | 27.9x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2020-11 | 18.6x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2020-10 | 16.9x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2020-09 | 17.4x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2020-08 | 20.1x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2020-07 | 19.0x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2020-06 | 14.0x | ₹96 cr | 4.3% | 7.0% | 0.3x |
| 2020-05 | 6.4x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2020-04 | 6.6x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2020-03 | 6.4x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2020-02 | 5.9x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2020-01 | 7.2x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2019-12 | 5.5x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2019-11 | 6.0x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2019-10 | 6.2x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2019-09 | 6.8x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2019-08 | 7.6x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2019-07 | 7.5x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2019-06 | 9.4x | ₹105 cr | 7.1% | 11.0% | 0.0x |
| 2019-05 | 19.7x | ₹87 cr | 2.6% | 5.0% | 0.0x |
| 2019-04 | 20.9x | ₹87 cr | 2.6% | 5.0% | 0.0x |
| 2019-03 | 22.7x | ₹87 cr | 2.6% | 5.0% | 0.0x |
| 2019-02 | 23.0x | ₹87 cr | 2.6% | 5.0% | 0.0x |
| 2019-01 | 24.5x | ₹87 cr | 2.6% | 5.0% | 0.0x |