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WELSPUN LIVING LIMITED (WELSPUNLIV)

Consumer Non-Durables · Consumer Sundries · figures to Nov '26

Price #19
Divergence: price ahead of business (4 months)
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.45 / 100
Profitability 30Growth 58Balance sheet 46
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.72 / 100
Price 99Earnings 26FII/DII 91

Passes these screensHigh MomentumPrice ahead of businessInstitutions in, retail outNear 52-week high

Compare withBHARTIYA INTERNATIONALLINC

Share price

Closing priceAdjusted for splits and bonus issues.

₹252.21 latest close · +47.6% over the last 90 sessions

₹150₹200₹250Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹150₹200₹250Jul 3Sep 4Nov 9

₹252.21 month-end · +69.5% over 12 months

₹100₹150₹200₹250Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹100₹150₹200₹250Nov '25May '26Nov '26

₹252.21 month-end · +60.7% over 3 years

₹100₹150₹200₹250Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹100₹150₹200₹250Nov '23May '25Nov '26

₹252.21 month-end · +319.0% since Jan '19

₹0₹100₹200Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹100₹200Jan '19Dec '22Nov '26

52-week range ₹107.10 to ₹267.42 · 1-year volatility 46.9%

Was the rally earned?

+70%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 26.4x to 86.4x); per-share earnings took off 87 points.
  • The share count fell 3%.
Net profit growth: −90 pts. Points of the price return explained by net profit growing (or shrinking).−90 ptsNet profit growthP/E change: +156 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+156 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: +70%+70%Share priceNet profit growth: −90 pts. Points of the price return explained by net profit growing (or shrinking).−90ProfitP/E change: +156 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+156P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: +70%+70%Share price
Net profit growth-90 ptsNet profit fell about 50%, which lowers the price.
P/E change+156 ptsThe P/E rose from 26.4x to 86.4x, which lifts the price.
Share count change+3 ptsShare count fell 3%, which lifts the price.
+61%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 50 points to the rise, while the multiple moved less (P/E 79.3x to 86.4x).
  • The share count fell 8%.
Net profit growth: +39 pts. Points of the price return explained by net profit growing (or shrinking).+39 ptsNet profit growthP/E change: +11 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+11 ptsP/E changeShare count change: +10 pts. Points of the price return explained by the share count changing. More shares count against the price.+10 ptsShare count changeShare price: +61%+61%Share priceNet profit growth: +39 pts. Points of the price return explained by net profit growing (or shrinking).+39ProfitP/E change: +11 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+11P/EShare count change: +10 pts. Points of the price return explained by the share count changing. More shares count against the price.+10SharesShare price: +61%+61%Share price
Net profit growth+39 ptsNet profit rose about 36%, which lifts the price.
P/E change+11 ptsThe P/E rose from 79.3x to 86.4x, which lifts the price.
Share count change+10 ptsShare count fell 8%, which lifts the price.
+83%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 25.7x to 86.4x); per-share earnings took off 84 points.
  • The share count fell 8%.
Net profit growth: −95 pts. Points of the price return explained by net profit growing (or shrinking).−95 ptsNet profit growthP/E change: +167 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+167 ptsP/E changeShare count change: +11 pts. Points of the price return explained by the share count changing. More shares count against the price.+11 ptsShare count changeShare price: +83%+83%Share priceNet profit growth: −95 pts. Points of the price return explained by net profit growing (or shrinking).−95ProfitP/E change: +167 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+167P/EShare count change: +11 pts. Points of the price return explained by the share count changing. More shares count against the price.+11SharesShare price: +83%+83%Share price
Net profit growth-95 ptsNet profit fell about 50%, which lowers the price.
P/E change+167 ptsThe P/E rose from 25.7x to 86.4x, which lifts the price.
Share count change+11 ptsShare count fell 8%, which lifts 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 BHARTIYA INTERNATIONAL

How rough has the ride been?

Maximum drawdown-69.7%recovered 2020-09
1-year volatility46.9%annualised
Beta vs sector index0.943-year daily, correlation 0.27
Volume spikes10last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−69.7% 0%−20%−40%−60%2020202220242026−69.7%
Largest drawdowns

-69.7% (2019-03 peak to 2020-03 low, recovered 2020-09)

-62.9% (2021-09 peak to 2023-03 low, recovered 2024-07)

-48.4% (2024-08 peak to 2025-02 low, recovered 2026-09)

Most recent volume spikes

2026-11-04: 10.2x the 50-day median, price +4.5% that day

2026-11-03: 13x the 50-day median, price +4.4% that day

2026-11-02: 18.2x the 50-day median, price +10.6% 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?

86.4xP/E todayNear its historic high
Against its own history99th percentile
CheapestMedian 21.0xDearest

Usual range 12.2x to 74.0x since 2019-01.

Against Consumer Non-Durables86.4x vs 26.8x
This company
86.4x
Sector median
26.8x

223% above the Consumer Non-Durables median.

7.3x35.6x63.9x92.1xJan '19Aug '20Mar '22Oct '23May '25Nov '267.3x35.6x63.9x92.1xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

The chart loads when you open this tab.

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

  • ROCE19th▼ 36 pts vs a year ago
  • Op. margin42ndflat vs a year ago
  • Revenue growth13th▼ 18 pts vs a year ago
  • EPS growth7th▼ 11 pts vs a year ago
  • Debt/equity ↓39th▲ 12 pts vs a year ago
  • Cash cycle ↓56th▲ 6 pts vs a year ago
  • P/E ↓11th▼ 55 pts vs a year ago
  • 12M momentum95th▲ 29 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

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

What is the price implying?

~27%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 53.0x, a holder earning 12%/yr needs earnings to grow about 26.9%/yr for 10 years, then trade at 15x.

Delivered7.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+19.9 ptsimplied minus delivered
Rank145thmost demanding of 856

Over time

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

-12%8%27% Jan 2019Nov 2026 -12%8%27% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x28.6%29.7%30.9%
15x25.8%26.9%28.0%
20x22.2%23.3%24.4%

Drag a slider to test other assumptions

Implied: 26.9%/yr

Looking back

  • Jan 2020Price implied 6%/yr; EPS has since grown −0%/yr (7.0 yrs)
  • Jan 2021Price implied 11%/yr; EPS has since grown −13%/yr (6.0 yrs)
  • Jan 2022Price implied 21%/yr; EPS has since grown −17%/yr (5.0 yrs)

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

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

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

Key figures

Share Priceclose 9 Nov
₹252.21
P/E
86.4x
ROCE
6.0%
Market Cap
₹23837 cr
Revenue (TTM)
₹9933 cr
P/S
2.4x
P/B
4.8x
ROE
5.6%
Operating Margin
11.0%
Debt / Equity
0.5x
Promoter Holding
66.4%
12M Momentum
69.5%

52-week range

₹107.10₹267.42
91% of the way from its 52-week low to its high

Price risk

1Y volatility
46.9%
Beta vs sector
1-year daily
0.90

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.57x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance16%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 15.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 27.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.57xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.57x (cash from operations ₹2,396 cr, net profit ₹1,530 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 history+4 daysWithin range

Debtor days are above the median of the previous three fiscal years by 4 days (51 vs 47). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress6% of fixed assetsWithin range

Capital work-in-progress is 6% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+38 days / 2 yrsNear threshold

Days payable changed by +38 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 3 years, DIIs added 5.5 pts; promoters trimmed 4.1 pts; FIIs trimmed 1.1 pts.
  • The number of shareholders rose from 1.8 lakh to 2.2 lakh (+27%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters70.5%66.4%-4.1 pts
FIIs6.3%5.2%-1.1 pts
DIIs5.9%11.4%+5.5 pts
Public and others16.3%16.7%+0.4 pts

Number of shareholders

2.2 lakhshareholders+27% since Sep '23
1.8L2.1L2.4L2.7L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.8 lakh
Dec '23: 1.8 lakh
Mar '24: 1.8 lakh
Jun '24: 1.9 lakh
Sep '24: 2.1 lakh
Dec '24: 2.4 lakh
Mar '25: 2.4 lakh
Jun '25: 2.6 lakh
Sep '25: 2.7 lakh
Dec '25: 2.5 lakh
Mar '26: 2.4 lakh
Jun '26: 2.2 lakh
 1.8L2.1L2.4L2.7L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.8 lakh
Dec '23: 1.8 lakh
Mar '24: 1.8 lakh
Jun '24: 1.9 lakh
Sep '24: 2.1 lakh
Dec '24: 2.4 lakh
Mar '25: 2.4 lakh
Jun '25: 2.6 lakh
Sep '25: 2.7 lakh
Dec '25: 2.5 lakh
Mar '26: 2.4 lakh
Jun '26: 2.2 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

+1.7%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 WELSPUN LIVING 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 −20% to +38% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (+6.0%, 80% range −4.9% to +16.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
JINDWORLD · Jan 2025: −71.5% vs market
GANECOS · Nov 2024: −63.2% vs market
HIKAL · Mar 2025: −62.2% vs market
CAMLINFINE · Apr 2023: −58.3% vs market
DECCANCE · Aug 2025: −47.3% vs market
IFBIND · Jan 2021: −44.6% vs market
ASIANTILES · Feb 2020: −44.4% vs market
DREDGECORP · Jun 2024: −36.7% vs market
CIEINDIA · Feb 2023: −30.4% vs market
RESPONIND · Aug 2023: −26.2% vs market
AEGISLOG · Feb 2025: −23.3% vs market
HUHTAMAKI · Feb 2020: −20.0% vs market
DYNAMATECH · Mar 2024: −19.6% vs market
KOKUYOCMLN · Jul 2023: −19.3% vs market
SOBHA · Sep 2021: −18.5% vs market
BHEL · Jan 2024: −15.7% vs market
JUBLINGREA · Jan 2025: −14.0% vs market
BHAGCHEM · Jul 2024: −13.6% vs market
JSWENERGY · Jul 2021: −12.1% vs market
BEML · May 2024: −8.5% vs market
INDIACEM · Jun 2020: −8.4% vs market
ABREL · Apr 2024: −5.5% vs market
UNICHEMLAB · Oct 2022: −3.5% vs market
BHARATFORG · Aug 2020: −1.9% vs market
STYRENIX · Feb 2020: +1.6% vs market
LINDEINDIA · Jan 2020: +1.9% vs market
ASTRAMICRO · Aug 2022: +2.3% vs market
HIRECT · Dec 2024: +3.5% vs market
VRLLOG · Apr 2022: +12.2% vs market
IGPL · Nov 2020: +14.3% vs market
AVALON · Apr 2025: +15.1% vs market
MINDACORP · Apr 2022: +15.7% vs market
TATACHEM · Sep 2021: +19.8% vs market
SOMANYCERA · Mar 2021: +22.9% vs market
LUPIN · Sep 2023: +28.9% vs market
RKFORGE · Apr 2021: +31.0% vs market
GLENMARK · Sep 2023: +34.8% vs market
VADILALIND · May 2022: +39.1% vs market
IRB · Feb 2023: +43.6% vs market
AMBER · Jun 2024: +46.6% vs market
INTELLECT · Nov 2020: +61.4% vs market
LAURUSLABS · Feb 2025: +72.9% vs market
ADANIENT · Jan 2020: +85.5% vs market
SCHNEIDER · May 2023: +93.3% vs market
KIRLOSBROS · May 2023: +109.2% vs market
SYRMA · Oct 2025: +111.1% vs market
NEULANDLAB · Mar 2023: +135.9% vs market
SHAILY · Apr 2024: +137.2% vs market
GVT&D · Sep 2023: +161.6% vs market
SHAKTIPUMP · Jan 2024: +253.4% vs market
Similar setups +1.7%All companies −4.3%← 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 · 6 beyond the range shown, drawn at the edge

Similar setups' median
+1.7%
All companies' median
−4.3%
Beat the market
52% vs 45%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GLENMARK
Health Technology		 Sep 2023 81x10% +120%−1% +35%
INDIACEM
Non-Energy Minerals		 Jun 2020 79x4% +29%−6% −8%
SYRMA
Electronic Technology		 Oct 2025 72x12% +57%−5% +111%
BHEL
Producer Manufacturing		 Jan 2024 121x4% +191%0% −16%
ABREL
Finance		 Apr 2024 82x8% +194%0% −6%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BEML
Producer Manufacturing		 May 2024 116x10% +206%−4% −9%
JUBLINGREA
Process Industries		 Jan 2025 63x10% +59%−19% −14%
AVALON
Electronic Technology		 Apr 2025 123x6% +66%−15% +15%
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 WELSPUN LIVING 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.

JUPITER WAGONSJWL
Producer Manufacturing
67%similar
volatilityoperating margin
MAHINDRA LOGISTICSMAHLOG
Transportation
62%similar
EPS growthROCE
THERMAXTHERMAX
Producer Manufacturing
62%similar
revenuedebt/equity
NMDC STEELNSLNISP
Non-Energy Minerals
60%similar
operating marginrevenue
STEEL STRIPS WHEELSSSWL
Producer Manufacturing
58%similar
operating margindebt/equity
RELAXO FOOTWEARSRELAXO
Consumer Non-Durables
47%similar
volatilitypromoter holding
PDSPDSL
Consumer Non-Durables
46%similar
revenuerevenue growth
UNITED BREWERIESUBL
Consumer Non-Durables
45%similar
revenueP/E

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

What changed?

30 events since Jun '23

  1. NovPriceVolume reached 18.2x its 50-day median on 2026-11-02; price +10.6% that day.
  2. SepPriceRegained the 2024-08 peak, 19 months after the low.
  3. AugPriceVolume reached 49.6x its 50-day median on 2026-08-14; price +2.6% that day.
  4. JunValuationP/E crossed above the 90th percentile of its own history to date (74.6x).
  5. JunPeer rankSlipped to the bottom quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
  6. JunPriceVolume reached 21.0x its 50-day median on 2026-06-18; price +11.1% that day.
  7. FebPriceVolume reached 24.8x its 50-day median on 2026-02-03; price +19.7% that day.
  8. DecPeer rankSlipped to the bottom quartile of Consumer Non-Durables on operating margin (from the 3rd quartile).
Show 22 earlier events
  1. NovPriceVolume reached 48.3x its 50-day median on 2025-11-28; price +12.3% that day.
  2. SepPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
  3. SepPriceVolume reached 31.5x its 50-day median on 2025-09-10; price +9.9% that day.
  4. JunResultsYear-on-year EPS growth turned negative.
  5. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on operating margin (from the 3rd quartile).
  6. MayPriceVolume reached 51.0x its 50-day median on 2025-05-07; price +12.0% that day.
  7. MarPriceVolume reached 14.9x its 50-day median on 2025-03-18; price +10.4% that day.
  8. FebPriceFell 48% from the Aug 2024 peak to the Feb 2025 low.
  9. DecPromoterPromoter holding fell 4.3 pts to 66.2%.
  10. DecInstitutionsFII + DII holding rose 3.4 pts over 1 quarter to 14.8%.
  11. DecPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
  12. DecPriceVolume reached 7.3x its 50-day median on 2024-12-09; price +5.8% that day.
  13. JulPriceRegained the 2021-09 peak, 16 months after the low.
  14. JulPriceVolume reached 13.1x its 50-day median on 2024-07-11; price +5.3% that day.
  15. JunResultsYear-on-year EPS growth turned positive.
  16. JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on ROCE (from the bottom quartile).
  17. JunDividendDividend payout cut from 5% to 1% of profit.
  18. AprPriceVolume reached 5.3x its 50-day median on 2024-04-23; price +8.2% that day.
  19. FebPriceVolume reached 13.6x its 50-day median on 2024-02-23; price +4.0% that day.
  20. OctPriceVolume reached 27.3x its 50-day median on 2023-10-30; price +5.1% that day.
  21. JulPriceVolume reached 19.9x its 50-day median on 2023-07-31; price +9.3% that day.
  22. JunResultsYear-on-year EPS growth turned negative.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1186.4x₹9933 cr5.6%6.0%0.5x
2026-1075.0x₹9933 cr5.8%6.0%0.5x
2026-0977.9x₹9933 cr5.8%6.0%0.5x
2026-0892.1x₹9399 cr4.3%6.0%0.5x
2026-0773.2x₹9399 cr4.3%6.0%0.5x
2026-0674.6x₹9399 cr4.3%6.0%0.5x
2026-0557.0x₹9610 cr5.0%14.0%0.6x
2026-0453.3x₹9610 cr5.0%14.0%0.6x
2026-0344.8x₹9610 cr5.0%14.0%0.6x
2026-0234.1x₹9838 cr7.5%14.0%0.6x
2026-0133.7x₹9838 cr7.5%14.0%0.6x
2025-1235.5x₹9838 cr7.5%14.0%0.6x
2025-1126.4x₹10270 cr11.3%14.0%0.6x
2025-1023.0x₹10270 cr11.3%14.0%0.6x
2025-0920.3x₹10270 cr11.3%14.0%0.6x
2025-0816.5x₹10545 cr13.4%14.0%0.6x
2025-0719.0x₹10545 cr13.4%14.0%0.6x
2025-0621.6x₹10545 cr13.4%14.0%0.6x
2025-0519.6x₹10474 cr14.2%16.0%0.6x
2025-0418.8x₹10474 cr14.2%16.0%0.6x
2025-0320.0x₹10474 cr14.2%16.0%0.6x
2025-0214.6x₹10395 cr15.5%16.0%0.6x
2025-0118.8x₹10395 cr15.5%16.0%0.6x
2024-1221.4x₹10395 cr15.5%16.0%0.6x
2024-1121.0x₹10031 cr15.4%16.0%0.6x
2024-1021.0x₹10031 cr15.4%16.0%0.6x
2024-0922.6x₹10031 cr15.4%16.0%0.6x
2024-0827.5x₹9679 cr14.9%16.0%0.6x
2024-0726.2x₹9679 cr14.9%16.0%0.6x
2024-0621.9x₹9679 cr14.9%16.0%0.6x
2024-0568.9x₹8094 cr5.0%6.0%0.6x
2024-0475.7x₹8094 cr5.0%6.0%0.6x
2024-0369.5x₹8094 cr5.0%6.0%0.6x
2024-0278.2x₹8094 cr5.0%6.0%0.6x
2024-0182.7x₹8094 cr5.0%6.0%0.6x
2023-1273.0x₹8094 cr5.0%6.0%0.6x
2023-1179.3x₹8094 cr5.0%6.0%0.6x
2023-1076.0x₹8094 cr5.0%6.0%0.6x
2023-0961.3x₹8094 cr5.0%6.0%0.6x
2023-0863.1x₹8094 cr5.0%6.0%0.6x
2023-0755.4x₹8094 cr5.0%6.0%0.6x
2023-0646.7x₹8094 cr5.0%6.0%0.6x
2023-0515.4x₹9311 cr15.3%14.0%0.8x
2023-0414.6x₹9311 cr15.3%14.0%0.8x
2023-0310.6x₹9311 cr15.3%14.0%0.8x
2023-0211.1x₹9311 cr15.3%14.0%0.8x
2023-0111.2x₹9311 cr15.3%14.0%0.8x
2022-1212.9x₹9311 cr15.3%14.0%0.8x
2022-1113.7x₹9311 cr15.3%14.0%0.8x
2022-1013.1x₹9311 cr15.3%14.0%0.8x
2022-0912.3x₹9311 cr15.3%14.0%0.8x
2022-0812.9x₹9311 cr15.3%14.0%0.8x
2022-0711.7x₹9311 cr15.3%14.0%0.8x
2022-0611.6x₹9311 cr15.3%14.0%0.8x
2022-0512.2x₹7340 cr15.1%15.0%0.8x
2022-0415.5x₹7340 cr15.1%15.0%0.8x
2022-0316.9x₹7340 cr15.1%15.0%0.8x
2022-0219.5x₹7340 cr15.1%15.0%0.8x
2022-0126.4x₹7340 cr15.1%15.0%0.8x
2021-1227.1x₹7340 cr15.1%15.0%0.8x

Older months are in the live observatory.

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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