Process Industries

Name: Process Industries valuation and breadth history, monthly since 2019-01
Creator: ApnaFunda

How Process Industries sector is valued, where its profits sit and how widely its strength is spread across 507 listed companies.

507 companies · ₹22.78L cr combined market cap · prices to 9 Nov

Earnings #4

Sector performanceall companies, weighted by market cap

3M−6.6%

1Y−2.8%

3Y p.a.+5.0%

Vol.17.4%

Max fall-33%

Valuation and qualitymedian company, change vs a year ago

Median P/E18.1x−3.5x

Aggregate P/E34.5x−5.6x

Median ROE9.9%0.0 pp

Median ROCE11.0%0.0 pp

Median D/E0.4x0.0x

Where Process Industries sits in the rotation

Twelve months of earnings momentum against price strength relative to the market.

Nov 2026Earnings ahead of priceEarnings +3Price vs market −3.3 pp

Dec 2025Nov 2026

Quadrant changes

Nov 2026 moved into Earnings ahead of price

The four quadrants

Confirmed strength: earnings improving, share price beating the market
Price ahead of earnings: share price beating the market, earnings not improving
Earnings ahead of price: earnings improving, share price lagging the market
Confirmed weakness: earnings not improving, share price lagging the market

Earnings is the sector’s median fundamental score minus 50; price is the sector index’s 6-month return minus the market’s. Each dot is a month-end.

All sectors on the rotation map

Process Industries price index

Sector indexMarket-cap-weighted index of today's Process Industries companies, rebased to 100 on Jan '19.

1Y3YAll

259.5 index level · −2.0% over 12 months

259.5 index level · +10.9% over 3 years

259.5 index level · +160.7% since Jan '19

ApnaFunda's market-cap-weighted index of today's Process Industries companies.

What drove the return

1 year3 years5 years

-1%sector index, 1 year (from end of Nov 2025)Roughly flat

Roughly flat.

The index moved -1% over 1 year.
Combined net profit grew 14%.

Net profit growth+13 ptsCombined net profit grew 14%, which lifts the index.

P/E change-14 ptsThe aggregate P/E fell from 36.3x to 31.7x, which lowers the index.

Issuance / other0 ptsNew shares, buybacks and index weighting: what profit and P/E leave unexplained.

+10%sector index, 3 years (from end of Nov 2023)Earnings and multiple

Both mattered.

Combined net profit grew 5%, and the multiple moved (aggregate P/E 30.3x to 31.7x).

Net profit growth+5 ptsCombined net profit grew 5%, which lifts the index.

P/E change+5 ptsThe aggregate P/E rose from 30.3x to 31.7x, which lifts the index.

Issuance / other+1 ptsNew shares, buybacks and index weighting: what profit and P/E leave unexplained.

+26%sector index, 5 years (from end of Nov 2021)Lower P/E held it back

Earnings helped, the multiple did not.

Combined net profit grew 75%, but investors now pay less per rupee of profit (aggregate P/E 45.5x to 32.1x), which took back part of the gain.

Net profit growth+63 ptsCombined net profit grew 75%, which lifts the index.

P/E change-39 ptsThe aggregate P/E fell from 45.5x to 32.1x, which lowers the index.

Issuance / other+2 ptsNew shares, buybacks and index weighting: what profit and P/E leave unexplained.

What do "pts" mean?

"pts" are percentage points of the return. The parts add up to the total shown for each period. Because market value = P/E × net profit, higher profit and a higher P/E both push it up.

Example: if the sector rose 30%, profit growth accounts for +45 pts and a lower P/E for -15 pts, then 45 - 15 = 30. The +45 is not the profit growth rate itself: it is the part of the move that profit growth explains.

All terms explained in the glossary →

Only companies with positive profit at both ends are included, so figures can differ slightly from the headline.
Profit is trailing twelve months, with a 60 day reporting lag.

Valuation history

P/EP/BP/S

18.1xmedian P/E, Nov 202645th percentile since Jan 2019

Against its own history45th percentile

CheapestMedian 19.1xDearest

Usual range 10.5x to 25.6x since Jan 2019.

The sector today18.1x median

Middle half10.9x to 32.4x

Range since Jan 20196.8x to 32.7x

Aggregate P/E34.5x

Median P/EMiddle half of companies (25th to 75th percentile)Aggregate P/E

1.7xmedian P/B, Nov 202633rd percentile since Jan 2019

Against its own history33rd percentile

CheapestMedian 1.9xDearest

Usual range 1.0x to 2.3x since Jan 2019.

The sector today1.7x median

Middle half0.9x to 3.1x

Range since Jan 20190.6x to 2.6x

Aggregate P/B3.5x

The chart loads when you open this tab.

Median P/BMiddle half of companies (25th to 75th percentile)Aggregate P/B

0.9xmedian P/S, Nov 202638th percentile since Jan 2019

Against its own history38th percentile

CheapestMedian 1.0xDearest

Usual range 0.4x to 1.3x since Jan 2019.

The sector today0.9x median

Middle half0.4x to 2.1x

Range since Jan 20190.3x to 1.5x

The chart loads when you open this tab.

Median P/SMiddle half of companies (25th to 75th percentile)

Percentiles describe where today's median sits in the sector's own history.

How to read this

Each month, the line is the median multiple of the sector's companies with a positive multiple, and the band covers the middle half of them (25th to 75th percentile). At least 5 companies are needed for a month to be shown.

The aggregate divides the sector's total market cap by its total net profit (or book value), so it is weighted towards the largest companies. Constituents are today's listed companies, so companies that have since delisted are missing (survivorship bias).

All terms explained in the glossary →

Where the profits are

16%of sector profit from the top 3 earners, Nov 2026Up from 16% in Dec 2023

KIRIINDUS's share rose 7.0 pts since Dec 2023, the largest change.
Loss-making companies lost the equivalent of 7.6% of the profit pool and are left out of the shares.

By companyBy industry

KIRI INDUSTRIES LIMITED 7%ASIAN PAINTS INDIA LTD 6%PIDILITE INDUSTRIES LTD 3%UPL LIMITED 3%GODREJ INDUSTRIES LIMITED 3%SRF LIMITED 3%SOLAR INDUSTRIES INDIA LIMITED 3%Others 73%

Chemicals: Specialty 29%Industrial Specialties 27%Agricultural Commodities/Milling 18%Chemicals: Agricultural 9%Textiles 7%Agricultural Chemicals 3%Chemicals: Major Diversified 3%Others 4%

How to read this

Each band is a company's share of the sum of positive net profit (TTM, reported with a 60-day lag), sampled quarterly. The seven largest earners today keep their own band throughout; the rest are grouped as Others.

All terms explained in the glossary →

Expectations and momentum

Growth the price implies18.4%/yr

Implied

18.4%

Delivered

10.7%

Company by company, the typical share price implies 7.1 pts a year more growth than the company delivered. Delivered is the typical company's growth over the last 10 years. Implied vs delivered →

Share of market earnings growth+0.7 pts

This sector

+0.7

Whole market

+56.4

Of the +56.4 pts growth in the market's combined reported earnings, 12 months to Nov '26. See Market Pulse

#10of 19 sectors on the Momentum rank, October 2026Best: #1 in August 2020

Higher on the chart is a better rank.
Sectors are ranked each month on price, earnings and FII/DII buying together.

How widespread is the strength?

The share of Process Industries companies doing well on each measure.
Above 50% means most companies are.

Above 200-day average

54%

share price above its 200-day average

250 of 507 companies with data · 9 Nov 2026

50%

Oct 2019Nov 2026

Improving ROCE

26%

ROCE up vs 12 months ago

235 of 507 companies with data · 37% worse

50%

Jan 2020Nov 2026

Rising FII holding

16%

FII holding up in the latest quarter

269 of 507 companies with data · 23% falling

50%

Mar 2024Nov 2026

Each chart runs from 0% (bottom) to 100% (top), monthly.
Hover or tap for a month's value.

How to read this

Companies below ₹500 cr market cap are left out. A ROCE or ROE change within ±1 pt, or an FII holding change within ±0.25 pt, counts as unchanged. Shareholding is reported quarterly, so the FII chart moves in steps and starts later, when shareholding history begins.

All terms explained in the glossary →

Broad or narrow?

-1%sector index, 12 monthsFlat year

The index moved less than 5%, with no clear direction.

Rose over 12 months38%Share of companies with a positive 12-month return.

Beat the sector index39%Share of companies whose return was above the index's.

Spread of returns40 ptsGap between the 25th and 75th percentile return; 22nd percentile of its history.

Based on 433 companies' 12-month price returns, weighted by market cap 12 months ago.

How to read this

A year with an index move under 5% is called flat. Narrow means the top 3 contributors made up at least 60% of the move, or fewer than 35% of companies beat the index in a rising year. Broad means most companies moved with the index.

All terms explained in the glossary →

Leaders and laggards

The highest- and lowest-ranked of 278 Process Industries companies above ₹500 cr on each lens, as of 9 Nov 2026.

MomentumPriceEarningsFII/DII

Highest-ranked

1ACUTAAS CHEMICALS LIMITEDROCE +12.0 pts (12m)
2TAMILNADU PETROPRODUCTS LTDFII+DII +3.5 pts (12m)
3BHAGERIA INDUSTRIES LIMITED3M price +92.1%
4IOL CHEMICALS & PHARMACEUTICAL3M price +23.3%
5NAVIN FLUORINE INTERNATIONAL LROCE +10.0 pts (12m)

Lowest-ranked

1GEM AROMATICS LIMITED3M price -20.5%
2RAIN INDUSTRIES LIMITED3M price -20.8%
3HIMATSINGKA SEIDE LTDROCE 0.0 pts (12m)
4KUANTUM PAPERS LTD3M price -20.4%
5AGARWAL INDUSTRIAL CORPORATIONOp. margin +1.0 pts (12m)

Highest-ranked

1BODAL CHEMICALS LTD3M price +134.2%
2BHAGERIA INDUSTRIES LIMITED3M price +92.1%
3RAYMOND LIMITED3M price +74.0%
4UNITED POLYFAB GUJARAT LIMITED3M price +71.7%
5MONOLITHISCH INDIA LIMITED3M price +53.1%

Lowest-ranked

1SUMITOMO CHEMICAL INDIA LTD3M price -39.4%
2P I INDUSTRIES LTD3M price -37.7%
3CAMLIN FINE SCIENCES LIMITED3M price -36.9%
4BHAGIRADHA CHEMICALS AND INDUS3M price -33.8%
5BORANA WEAVES LIMITED3M price -32.9%

Highest-ranked

1BOROSIL RENEWABLES LIMITEDROCE +29.0 pts (12m)
2PASUPATI ACRYLON LTDEPS growth +268% (12m)
3ASTEC LIFESCIENCES LIMITEDOp. margin +11.2 pts (12m)
4SAVITA OIL TECHNOLOGIES LIMITEOp. margin +19.0 pts (12m)
5ACUTAAS CHEMICALS LIMITEDROCE +12.0 pts (12m)

Lowest-ranked

1GEM AROMATICS LIMITEDOp. margin -13.6 pts (12m)
2NIBE LIMITEDROCE -11.0 pts (12m)
3KITEX GARMENTS LTDROCE -8.0 pts (12m)
4FERTILIZERS AND CHEMICALS TRAVOp. margin -5.0 pts (12m)
5KUANTUM PAPERS LTDROCE -6.0 pts (12m)

Highest-ranked

1SHAILY ENGINEERING PLASTICS LTFII+DII +9.2 pts (12m)
2THIRUMALAI CHEMICALS LTDFII+DII +8.6 pts (12m)
3GOCL CORPORATION LIMITEDFII+DII +5.3 pts (12m)
4TIME TECHNOPLAST LIMITEDFII+DII +4.9 pts (12m)
5SIRCA PAINTS INDIA LIMITEDFII+DII +4.4 pts (12m)

Lowest-ranked

1HIMATSINGKA SEIDE LTDFII+DII -10.9 pts (12m)
2KRISHIVAL FOODS LIMITEDFII+DII -9.9 pts (12m)
3PARADEEP PHOSPHATES LIMITEDFII+DII -9.0 pts (12m)
4TARSONS PRODUCTS LTDFII+DII -8.9 pts (12m)
5FERTILIZERS AND CHEMICALS TRAVFII+DII -8.6 pts (12m)

Rankings combine price (3-month change), earnings (12-month change in EPS growth, ROCE and operating margin) and FII/DII buying (12-month change in holding).

Who has been buying and selling?

Between Dec 2024 and Sep 2026, DIIs raised their holding from 10.8% to 12.6%, the largest change among the groups.

Holdings, Sep 2026

How each group changed

GroupDec 2024Sep 2026Change

Promoters60.5%59.4%-1.1 pts

FIIs8.8%8.8%0.0 pts

DIIs10.8%12.6%+1.7 pts

Public and others19.9%19.3%-0.6 pts

Market-cap-weighted holding of Process Industries companies over the last 8 quarters.
Public and others is what the three groups leave.
See the Sep 2026 sector flows

How concentrated is it?

34equal-sized companies, in effectBroad

The sector's market value is split across 499 companies, but unevenly: as evenly as 34 equal-sized companies would split it.

Largest company11%ASIANPAINT's share of sector market value.

Top 325%Share of sector market value.

Top 531%Share of sector market value.

Top 3 earners16%Share of the sector's positive net profit.

Equal-sized equivalent, quarterly

Higher means market value is spread across more companies; lower means a few companies dominate.

How to read this

This is the effective number of companies: 1 divided by the sum of squared market-cap weights. A sector of 7 equal-sized companies scores 7. One giant among many small companies scores close to 1. Under 5 reads as highly concentrated, 5 to 15 as moderately concentrated, and over 15 as broad.

All terms explained in the glossary →

Industries within Process Industries

Each industry's slice of the sector's market value and of its profit.
A profit bar longer than the market-cap bar means the industry earns more than it is valued for.

Industrial Specialties47 companies

Market cap40%

Profit25%

Median P/E: 27.1x
Median ROCE: 15.0%
12m return: +2.2%
Above 200-DMA: 55%

Chemicals: Specialty114 companies

Market cap24%

Profit27%

Median P/E: 23.2x
Median ROCE: 11.0%
12m return: +5.1%
Above 200-DMA: 56%

Agricultural Commodities/Milling90 companies

Market cap11%

Profit18%

Median P/E: 15.4x
Median ROCE: 11.0%
12m return: -14.8%
Above 200-DMA: 58%

Chemicals: Agricultural46 companies

Market cap10%

Profit11%

Median P/E: 17.7x
Median ROCE: 15.0%
12m return: -19.3%
Above 200-DMA: 21%

Textiles121 companies

Market cap6%

Profit7%

Median P/E: 14.7x
Median ROCE: 9.0%
12m return: +6.5%
Above 200-DMA: 62%

Chemicals: Major Diversified23 companies

Market cap5%

Profit3%

Median P/E: 29.2x
Median ROCE: 13.3%
12m return: +18.9%
Above 200-DMA: 50%

Containers/Packaging38 companies

Market cap2%

Profit3%

Median P/E: 17.5x
Median ROCE: 11.0%
12m return: +2.2%
Above 200-DMA: 85%

Agricultural Chemicals5 companies

Market cap1%

Profit3%

Median P/E: 9.9x
Median ROCE: 12.0%
12m return: -13.5%
Above 200-DMA: 0%

Pulp & Paper21 companies

Market cap1%

Profit2%

Median P/E: 13.8x
Median ROCE: 6.0%
12m return: -5.0%
Above 200-DMA: 56%

Other industries2 companies

Market cap0%

Profit0%

Median P/E: —
Median ROCE: —
12m return: —
Above 200-DMA: —

Select an industry to filter the company list.
Industries with fewer than 3 companies are grouped as "Other industries". Both bars share one scale.

How to read this

12m return is the market-cap-weighted 12-month price return of the industry's constituents, with weights from 12 months ago. Mcap and profit shares are each industry's part of the sector total.

All terms explained in the glossary →

Companies

Show all 250 companiesHide the list

More columnsFewer columns

Company	Industry	Mcap	Weight	12m return	P/E	P/B	ROCE	OPM	D/E	FII Δ 1y	Promoter	52w range
ASIAN PAINTS INDIA LTD	Industrial Specialties	₹2.41L cr	10.6%	-13%Q2	50.5xQ4	11.3xQ4	26.0%Q4	21.0%Q4	0.2xQ2	+1.5Q4	52.6%	45%
SOLAR INDUSTRIES INDIA LIMITED	Industrial Specialties	₹1.72L cr	7.6%	+43%Q4	86.5xQ4	27.4xQ4	38.0%Q4	28.0%Q4	0.2xQ2	-0.4Q2	73.2%	67%
PIDILITE INDUSTRIES LTD	Industrial Specialties	₹1.62L cr	7.1%	+8%Q3	61.0xQ4	14.9xQ4	31.0%Q4	26.0%Q4	0.0xQ1	-0.4Q2	69.2%	73%
SRF LIMITED	Industrial Specialties	₹72896 cr	3.2%	-16%Q2	33.7xQ4	5.2xQ4	15.0%Q3	25.0%Q4	0.4xQ3	-2.8Q1	50.3%	29%
LINDE INDIA LIMITED	Chemicals: Specialty	₹57938 cr	2.5%	+14%Q3	106.1xQ4	13.6xQ4	18.0%Q4	29.0%Q4	0.0xQ1	-0.5Q2	75.0%	50%
COROMANDEL INTERNATIONAL LIMIT	Chemicals: Specialty	₹55440 cr	2.4%	-21%Q2	30.3xQ3	4.4xQ4	22.0%Q4	9.0%Q2	0.1xQ2	-2.8Q1	56.4%	27%
BERGER PAINTS INDIA LTD	Industrial Specialties	₹54954 cr	2.4%	-17%Q2	45.1xQ4	7.9xQ4	22.0%Q4	17.0%Q4	0.1xQ1	-0.8Q1	75.0%	39%
GUJARAT FLUOROCHEMICALS LTD	Chemicals: Specialty	₹50253 cr	2.2%	+34%Q4	83.0xQ4	6.4xQ4	10.0%Q2	27.0%Q4	0.3xQ2	+0.2Q4	61.4%	81%
FERTILIZERS AND CHEMICALS TRAV	Chemicals: Agricultural	₹48434 cr	2.1%	-15%Q2	1740.5xQ4	35.2xQ4	—	-2.7%Q1	2.8xQ4	-0.0Q2	90.0%	24%
NAVIN FLUORINE INTERNATIONAL L	Chemicals: Specialty	₹46773 cr	2.1%	+59%Q4	59.2xQ4	11.8xQ4	21.0%Q4	34.0%Q4	0.3xQ2	+2.2Q4	27.1%	97%
PATANJALI FOODS LIMITED	Agricultural Commodities/Milling	₹46710 cr	2.1%	-24%Q2	23.7xQ3	3.6xQ4	12.0%Q3	4.8%Q1	0.2xQ2	-4.5Q1	68.3%	38%
UPL LIMITED	Chemicals: Agricultural	₹45729 cr	2.0%	-29%Q1	22.6xQ3	1.3xQ2	10.0%Q2	13.0%Q3	0.7xQ3	+7.5Q4	33.5%	19%
GODREJ INDUSTRIES LIMITED	Agricultural Commodities/Milling	₹32063 cr	1.4%	-9%Q3	27.3xQ3	2.9xQ3	8.0%Q2	11.0%Q2	4.6xQ4	-1.1Q1	74.6%	30%
ACUTAAS CHEMICALS LIMITED	Chemicals: Specialty	₹31784 cr	1.4%	+111%Q4	82.3xQ4	19.2xQ4	32.0%Q4	34.0%Q4	0.0xQ1	+4.7Q4	32.7%	93%
HIMADRI SPECIALITY CHEM LTD	Industrial Specialties	₹28956 cr	1.3%	+31%Q4	36.1xQ4	6.2xQ4	22.0%Q4	20.0%Q4	0.2xQ2	+1.6Q4	52.5%	39%
P I INDUSTRIES LTD	Chemicals: Specialty	₹25988 cr	1.1%	-50%Q1	22.3xQ3	2.3xQ3	15.0%Q3	22.0%Q4	0.0xQ1	-2.1Q1	46.1%	1%
GRINDWELL NORTON LTD	Industrial Specialties	₹21715 cr	1.0%	+26%Q4	49.8xQ4	8.6xQ4	21.0%Q4	20.0%Q4	0.0xQ1	-1.6Q1	58.0%	56%
AWL AGRI BUSINESS LIMITED	Agricultural Commodities/Milling	₹21643 cr	0.9%	-36%Q1	18.7xQ3	2.1xQ3	18.0%Q4	3.6%Q1	0.1xQ2	+16.5Q4	56.9%	5%
AETHER INDUSTRIES LIMITED	Chemicals: Major Diversified	₹21108 cr	0.9%	+81%Q4	89.7xQ4	8.6xQ4	12.0%Q3	31.0%Q4	0.2xQ2	+2.4Q4	74.9%	79%
DEEPAK NITRITE LIMITED	Chemicals: Specialty	₹21011 cr	0.9%	-1%Q3	26.8xQ3	3.6xQ4	11.0%Q2	21.0%Q4	0.3xQ2	-0.4Q2	49.3%	42%
CARBORUNDUM UNIVERSAL LTD	Industrial Specialties	₹20032 cr	0.9%	+23%Q4	95.7xQ4	5.1xQ4	11.0%Q2	9.0%Q2	0.1xQ1	-0.7Q1	38.9%	50%
GARWARE HI TECH FILMS LIMITED	Chemicals: Specialty	₹18258 cr	0.8%	+100%Q4	47.1xQ4	6.9xQ4	18.0%Q4	27.0%Q4	0.0xQ1	+0.4Q4	60.7%	97%
SUMITOMO CHEMICAL INDIA LTD	Chemicals: Agricultural	₹16969 cr	0.7%	-27%Q1	29.3xQ3	5.0xQ4	22.0%Q4	22.0%Q4	0.0xQ1	-0.6Q1	75.0%	11%
AARTI INDUSTRIES LTD	Chemicals: Major Diversified	₹16669 cr	0.7%	+20%Q4	31.4xQ3	2.8xQ3	7.0%Q2	16.0%Q3	0.8xQ4	+0.6Q4	41.8%	57%
FINE ORGANIC INDUSTRIES LTD	Chemicals: Major Diversified	₹16292 cr	0.7%	+20%Q4	37.2xQ4	6.1xQ4	21.0%Q4	25.0%Q4	0.0xQ1	-0.5Q1	75.0%	81%
KANSAI NEROLAC PAINTS	Industrial Specialties	₹16283 cr	0.7%	-15%Q2	27.1xQ3	2.4xQ3	12.0%Q3	14.0%Q3	0.1xQ1	-1.4Q1	75.0%	41%
BAYER CROPSCIENCE LIMITED	Chemicals: Agricultural	₹15655 cr	0.7%	-25%Q2	248.3xQ4	46.9xQ4	20.0%Q4	—	0.3xQ2	+0.3Q4	71.4%	14%
CHAMBAL FERTILISERS & CHEMICAL	Chemicals: Specialty	₹15595 cr	0.7%	-12%Q2	8.1xQ1	1.5xQ2	25.0%Q4	16.0%Q3	0.1xQ1	-2.2Q1	61.3%	27%
ATUL LIMITED	Chemicals: Agricultural	₹15576 cr	0.7%	-10%Q3	19.6xQ3	2.5xQ3	15.0%Q3	21.0%Q4	0.0xQ1	-1.3Q1	45.3%	14%
TATA CHEMICALS LTD	Chemicals: Agricultural	₹15397 cr	0.7%	-24%Q2	—	0.7xQ1	3.0%Q1	13.0%Q3	0.4xQ3	-0.8Q1	38.0%	11%
VARDHMAN TEXTILES LIMTED	Textiles	₹15251 cr	0.7%	+20%Q4	18.0xQ3	1.4xQ2	9.0%Q2	18.0%Q4	0.2xQ2	+0.0Q3	65.1%	46%
GRAPHITE INDIA LIMITED	Industrial Specialties	₹14906 cr	0.7%	+38%Q4	70.0xQ4	2.5xQ3	5.0%Q1	17.0%Q4	0.1xQ1	+1.1Q4	65.3%	69%
DEEPAK FERTILIZERS &PETROCHEMI	Agricultural Chemicals	₹14865 cr	0.7%	-14%Q2	15.1xQ2	2.2xQ3	11.0%Q2	26.0%Q4	0.8xQ4	-1.2Q1	45.6%	38%
LT FOODS LIMITED	Agricultural Commodities/Milling	₹14550 cr	0.6%	+3%Q3	22.8xQ3	3.2xQ4	18.0%Q4	11.0%Q2	0.4xQ2	-1.9Q1	51.0%	55%
PARADEEP PHOSPHATES LIMITED	Chemicals: Agricultural	₹14542 cr	0.6%	-12%Q2	12.5xQ2	2.1xQ3	15.0%Q3	12.0%Q3	1.0xQ4	-8.9Q1	57.9%	50%
SHAILY ENGINEERING PLASTICS LT	Chemicals: Specialty	₹14212 cr	0.6%	+19%Q4	80.3xQ4	19.9xQ4	29.0%Q4	30.0%Q4	0.3xQ2	+8.5Q4	41.1%	72%
DCM SHRIRAM LIMITED	Agricultural Commodities/Milling	₹14084 cr	0.6%	-26%Q2	9.8xQ1	1.8xQ3	12.0%Q3	9.0%Q2	0.4xQ3	-0.3Q2	66.5%	8%
BALRAMPUR CHINI MILLS LTD	Agricultural Commodities/Milling	₹13922 cr	0.6%	+47%Q4	36.0xQ4	3.4xQ4	9.0%Q2	7.0%Q2	0.8xQ4	-2.7Q1	42.9%	68%
SUDEEP PHARMA LTD	Chemicals: Specialty	₹13674 cr	0.6%	+56%Q4	71.9xQ4	15.5xQ4	28.0%Q4	35.0%Q4	0.2xQ2	—	76.2%	80%
PRIVI SPECIALITY CHEMICALS LTD	Chemicals: Major Diversified	₹13641 cr	0.6%	+11%Q3	39.0xQ4	9.7xQ4	22.0%Q4	23.0%Q4	0.7xQ3	+0.5Q4	60.6%	76%
ARVIND LIMITED	Textiles	₹13602 cr	0.6%	+42%Q4	31.7xQ3	3.4xQ4	15.0%Q3	10.0%Q2	0.4xQ3	-1.1Q1	39.5%	67%
BASF INDIA LIMITED	Chemicals: Specialty	₹12706 cr	0.6%	-29%Q1	19.8xQ3	3.2xQ4	15.0%Q3	10.0%Q2	0.0xQ1	+1.0Q4	73.3%	1%
SUPREME PETROCHEM LIMITED	Industrial Specialties	₹12700 cr	0.6%	+5%Q3	26.2xQ3	5.3xQ4	—	19.0%Q4	0.1xQ1	+0.3Q4	64.2%	49%
TRIDENT LTD	Textiles	₹11994 cr	0.5%	-15%Q2	30.2xQ3	2.5xQ3	10.0%Q2	17.0%Q4	0.4xQ3	+0.2Q4	73.7%	34%
EID PARRY (INDIA) LTD	Agricultural Commodities/Milling	₹11478 cr	0.5%	-37%Q1	24.7xQ3	1.3xQ2	17.0%Q3	8.0%Q2	0.4xQ3	-1.4Q1	41.3%	10%
GODREJ AGROVET LIMITED	Agricultural Commodities/Milling	₹11386 cr	0.5%	-1%Q3	25.5xQ3	5.6xQ4	19.0%Q4	8.0%Q2	0.8xQ4	-0.8Q1	67.8%	44%
VINATI ORGANICS LIMITED	Chemicals: Specialty	₹11067 cr	0.5%	-32%Q1	24.7xQ3	3.5xQ4	20.0%Q4	24.0%Q4	0.0xQ1	-0.2Q2	74.3%	16%
PCBL CHEMICAL LIMITED	Industrial Specialties	₹10927 cr	0.5%	-15%Q2	41.8xQ4	2.7xQ3	8.0%Q2	16.0%Q3	1.3xQ4	+0.3Q4	53.4%	35%
INDO COUNT INDUSTRIES LIMITED	Textiles	₹9996 cr	0.4%	+56%Q4	66.3xQ4	4.2xQ4	8.0%Q2	12.0%Q3	0.6xQ3	+0.3Q4	58.7%	90%
AVANTI FEEDS LTD	Agricultural Commodities/Milling	₹9839 cr	0.4%	-10%Q2	18.5xQ3	3.0xQ3	24.0%Q4	6.0%Q2	0.0xQ1	-0.4Q2	43.2%	7%
ELANTAS BECK INDIA LTD	Industrial Specialties	₹9400 cr	0.4%	—	52.9xQ4	8.5xQ4	—	29.0%Q4	0.0xQ1	—	75.0%	—
JUBILANT INGREVIA LIMITED	Chemicals: Major Diversified	₹9367 cr	0.4%	-17%Q2	30.3xQ3	3.0xQ3	11.0%Q2	15.0%Q3	0.3xQ2	-0.5Q2	45.2%	20%
KRBL LIMITED	Agricultural Commodities/Milling	₹9274 cr	0.4%	-1%Q3	12.2xQ2	1.6xQ2	15.0%Q3	21.0%Q4	0.0xQ1	+0.6Q4	60.2%	73%
TIME TECHNOPLAST LIMITED	Containers/Packaging	₹9263 cr	0.4%	-6%Q3	18.6xQ3	2.3xQ3	17.0%Q3	13.0%Q3	0.2xQ2	+0.3Q4	47.6%	53%
MADHYA BHARAT AGRO PRODUCT LTD	Chemicals: Agricultural	₹9077 cr	0.4%	+148%Q4	56.0xQ4	16.5xQ4	19.0%Q4	16.0%Q3	1.6xQ4	+0.6Q4	74.8%	96%
RAGHAV PRODUCTIVITY ENHAN LTD	Chemicals: Major Diversified	₹8817 cr	0.4%	+90%Q4	140.6xQ4	36.0xQ4	30.0%Q4	30.0%Q4	0.0xQ1	+0.7Q4	62.9%	98%
SUDARSHAN CHEMICAL INDUS LTD	Chemicals: Specialty	₹8390 cr	0.4%	+4%Q3	116.4xQ4	2.4xQ3	5.0%Q1	10.0%Q2	0.7xQ3	-0.0Q2	8.2%	53%
KINGFA SCIENCE & TECH (I) LTD	Chemicals: Specialty	₹8356 cr	0.4%	+37%Q4	37.0xQ4	6.0xQ4	23.0%Q4	16.0%Q3	0.0xQ1	+1.4Q4	67.0%	75%
ALKYL AMINES CHEMICALS LIMITED	Chemicals: Specialty	₹8274 cr	0.4%	-4%Q3	41.0xQ4	15.4xQ4	41.0%Q4	29.0%Q4	0.2xQ2	+0.2Q4	72.0%	45%
NEOGEN CHEMICALS LIMITED	Chemicals: Specialty	₹8008 cr	0.4%	+137%Q4	201.2xQ4	9.8xQ4	6.0%Q2	19.3%Q4	1.7xQ4	-3.2Q1	53.0%	93%
KRISHANA PHOSCHEM LIMITED	Chemicals: Agricultural	₹7565 cr	0.3%	+145%Q4	38.6xQ4	13.5xQ4	27.0%Q4	17.0%Q4	1.3xQ4	-1.0Q1	72.9%	95%
CLEAN SCIENCE AND TECHNOLOGY	Chemicals: Specialty	₹7393 cr	0.3%	-24%Q2	31.8xQ4	4.7xQ4	21.0%Q4	36.0%Q4	0.0xQ1	+7.2Q4	51.3%	14%
RAYMOND LIMITED	Textiles	₹7265 cr	0.3%	+126%Q4	195.9xQ4	2.5xQ3	3.0%Q1	13.0%Q3	0.4xQ3	-5.9Q1	48.9%	76%
EPL LIMITED	Containers/Packaging	₹7191 cr	0.3%	+10%Q3	18.6xQ3	2.5xQ3	18.0%Q4	19.0%Q4	0.3xQ2	-3.2Q1	26.4%	49%
GUJARAT NARMADA FER & CHEM LTD	Agricultural Chemicals	₹6855 cr	0.3%	-3%Q3	6.6xQ1	0.8xQ1	12.0%Q3	18.0%Q4	0.0xQ1	+0.4Q4	41.3%	40%
GOKUL AGRO RESOURCES LIMITED	Agricultural Commodities/Milling	₹6689 cr	0.3%	+9%Q3	15.9xQ2	4.7xQ4	37.0%Q4	3.9%Q1	0.4xQ3	+0.4Q4	74.2%	69%
JK PAPER LIMITED	Pulp & Paper	₹6603 cr	0.3%	-1%Q3	20.3xQ3	1.2xQ2	7.0%Q2	15.0%Q3	0.5xQ3	-0.4Q2	52.9%	43%
BOROSIL RENEWABLES LIMITED	Industrial Specialties	₹6166 cr	0.3%	-28%Q1	15.3xQ2	4.1xQ4	25.0%Q4	31.0%Q4	0.1xQ2	+1.5Q4	58.8%	14%
FINEOTEX CHEMICAL LIMITED	Industrial Specialties	₹6146 cr	0.3%	+110%Q4	49.8xQ4	7.0xQ4	18.0%Q4	16.0%Q3	0.0xQ1	+0.7Q4	62.3%	78%
SHEELA FOAM LIMITED	Industrial Specialties	₹6086 cr	0.3%	-7%Q3	28.3xQ3	1.9xQ3	6.0%Q2	11.0%Q2	0.3xQ2	-0.5Q2	65.4%	27%
IOL CHEMICALS & PHARMACEUTICAL	Chemicals: Specialty	₹5946 cr	0.3%	+125%Q4	35.5xQ4	3.3xQ4	11.0%Q2	14.0%Q3	0.1xQ1	+2.3Q4	62.3%	87%
BALAJI AMINES LIMITED	Chemicals: Specialty	₹5820 cr	0.3%	+56%Q4	28.5xQ3	3.0xQ3	11.0%Q2	25.0%Q4	0.1xQ1	-1.8Q1	54.6%	50%
PICCADILY AGRO INDUSTRIES LTD	Agricultural Commodities/Milling	₹5815 cr	0.3%	-3%Q3	41.3xQ4	6.5xQ4	18.0%Q4	17.0%Q4	0.6xQ3	+0.1Q4	68.6%	25%
KUSUMGAR LTD	Chemicals: Specialty	₹5774 cr	0.3%	—	56.9xQ4	11.5xQ4	24.0%Q4	—	0.6xQ3	—	—	—
RASHTRIYA CHEMICALS & FERTILIZ	Chemicals: Agricultural	₹5683 cr	0.2%	-27%Q1	12.7xQ2	1.1xQ2	10.0%Q2	6.0%Q2	0.8xQ4	+0.1Q4	75.0%	15%
GUJARAT STATE FERTILIZERS & CH	Chemicals: Agricultural	₹5678 cr	0.2%	-20%Q2	8.2xQ1	0.5xQ1	7.0%Q2	6.0%Q2	0.0xQ1	+0.7Q4	37.8%	16%
RAIN INDUSTRIES LIMITED	Industrial Specialties	₹5454 cr	0.2%	+49%Q4	10.2xQ1	0.7xQ1	—	19.0%Q4	1.4xQ4	-2.8Q1	41.4%	41%
TRIVENI ENGINEERING N INDUSTRI	Agricultural Commodities/Milling	₹5292 cr	0.2%	-22%Q2	19.1xQ3	1.6xQ2	9.0%Q2	3.4%Q1	0.7xQ3	+1.5Q4	60.6%	10%
ARCHEAN CHEMICAL IND LIMITED	Chemicals: Major Diversified	₹5241 cr	0.2%	-17%Q2	54.0xQ4	2.7xQ3	7.0%Q2	21.0%Q4	0.2xQ2	-0.1Q2	53.4%	4%
VIKRAM SOLAR LIMITED	Industrial Specialties	₹5083 cr	0.2%	-46%Q1	14.2xQ2	1.6xQ2	31.0%Q4	8.0%Q2	0.2xQ2	—	63.0%	8%
FOSECO INDIA LTD	Chemicals: Major Diversified	₹4653 cr	0.2%	+19%Q4	48.0xQ4	4.5xQ4	17.0%Q3	23.0%Q4	0.0xQ1	-0.1Q2	63.5%	61%
SANATHAN TEXTILES LIMITED	Textiles	₹4640 cr	0.2%	+18%Q4	76.4xQ4	2.5xQ3	7.0%Q2	8.0%Q2	0.8xQ4	-0.7Q1	78.6%	82%
SAVITA OIL TECHNOLOGIES LIMITE	Chemicals: Specialty	₹4630 cr	0.2%	+78%Q4	11.2xQ2	2.5xQ3	13.0%Q3	25.0%Q4	0.0xQ1	+0.2Q4	68.9%	68%
PRASOL CHEMICALS LIMITED	Chemicals: Specialty	₹4576 cr	0.2%	—	102.9xQ4	12.4xQ4	15.0%Q3	—	0.3xQ2	—	—	—
LAXMI ORGANIC INDUSTRIES LTD	Chemicals: Specialty	₹4511 cr	0.2%	-10%Q2	35.8xQ4	2.3xQ3	5.0%Q1	12.0%Q3	0.3xQ2	-0.9Q1	69.3%	57%
BAJAJ HINDUSTHAN SUGAR LIMITED	Agricultural Commodities/Milling	₹4508 cr	0.2%	-8%Q3	104.5xQ4	4.5xQ4	3.0%Q1	-11.0%Q1	6.4xQ4	-1.0Q1	13.3%	36%
AGI GREENPAC LIMITED	Containers/Packaging	₹4481 cr	0.2%	-10%Q3	12.4xQ2	1.9xQ3	20.0%Q4	22.0%Q4	0.1xQ1	-1.4Q1	60.4%	59%
GUJARAT ALKALIS & CHEMICALS LT	Chemicals: Specialty	₹4421 cr	0.2%	+16%Q4	66.6xQ4	0.8xQ1	1.0%Q1	18.0%Q4	0.1xQ2	+2.2Q4	47.3%	51%
UFLEX LIMITED	Containers/Packaging	₹4376 cr	0.2%	+24%Q4	6.4xQ1	0.5xQ1	7.0%Q2	17.0%Q4	1.3xQ4	+2.4Q4	44.6%	70%
INDIGO PAINTS LIMITED	Industrial Specialties	₹4369 cr	0.2%	-29%Q1	27.1xQ3	3.8xQ4	19.0%Q4	17.0%Q4	0.0xQ1	-6.0Q1	53.9%	33%
FILATEX INDIA LIMITED	Textiles	₹4170 cr	0.2%	+75%Q4	21.9xQ3	2.8xQ3	19.0%Q4	7.0%Q2	0.1xQ1	-1.1Q1	65.5%	74%
GHCL LIMITED	Textiles	₹4153 cr	0.2%	-20%Q2	9.0xQ1	1.2xQ2	17.0%Q3	22.0%Q4	0.0xQ1	-4.0Q1	19.8%	31%
ALOK INDUSTRIES LIMITED	Textiles	₹4141 cr	0.2%	-51%Q1	—	—	-4.0%Q1	6.0%Q2	—	-0.4Q2	75.0%	13%
DHANUKA AGRITECH LIMITED	Chemicals: Specialty	₹4091 cr	0.2%	-26%Q1	12.1xQ2	2.9xQ3	28.0%Q4	23.0%Q4	0.1xQ1	-1.0Q1	69.8%	19%
ELLENBARRIE INDUSTRIAL GASES L	Industrial Specialties	₹4074 cr	0.2%	-27%Q1	33.7xQ4	4.2xQ4	14.0%Q3	38.0%Q4	0.2xQ2	-0.9Q1	77.2%	38%
SHREE RENUKA SUGARS LTD	Agricultural Commodities/Milling	₹3905 cr	0.2%	-31%Q1	—	—	-3.0%Q1	-3.6%Q1	—	-1.2Q1	62.5%	10%
TATVA CHINTAN PHARMA CHEM LTD	Chemicals: Specialty	₹3902 cr	0.2%	+14%Q4	75.9xQ4	5.0xQ4	7.0%Q2	19.0%Q4	0.1xQ2	+0.7Q4	72.0%	58%
BANNARI AMMAN SUGARS LTD	Agricultural Commodities/Milling	₹3882 cr	0.2%	-14%Q2	31.9xQ4	2.0xQ3	9.0%Q2	-3.0%Q1	0.0xQ1	-0.0Q3	58.7%	3%
EPIGRAL LIMITED	Chemicals: Agricultural	₹3843 cr	0.2%	-41%Q1	14.2xQ2	1.7xQ3	15.0%Q3	25.0%Q4	0.3xQ2	-2.0Q1	68.8%	9%
VISHNU CHEMICALS LIMITED	Chemicals: Specialty	₹3792 cr	0.2%	+7%Q3	25.3xQ3	3.5xQ4	16.0%Q3	15.0%Q3	0.5xQ3	-0.2Q2	69.2%	34%
JINDAL WORLDWIDE LIMITED	Textiles	₹3765 cr	0.2%	+12%Q3	44.7xQ4	4.4xQ4	9.0%Q2	5.0%Q1	0.7xQ3	-0.0Q3	61.8%	45%
CHEMPLAST SANMAR LTD	Chemicals: Major Diversified	₹3755 cr	0.2%	-16%Q2	—	2.1xQ3	0.0%Q1	-10.0%Q1	1.1xQ4	-1.3Q1	55.0%	31%
DALMIA BHARAT SUGAR AND INDUST	Agricultural Commodities/Milling	₹3730 cr	0.2%	+49%Q4	18.2xQ3	1.1xQ2	8.0%Q2	5.1%Q1	0.6xQ3	-0.6Q1	74.9%	77%
NITIN SPINNERS LTD	Textiles	₹3676 cr	0.2%	+99%Q4	17.4xQ2	2.5xQ3	12.0%Q3	18.0%Q4	0.8xQ3	+1.1Q4	56.7%	89%
RALLIS INDIA LTD	Chemicals: Agricultural	₹3672 cr	0.2%	-29%Q1	22.4xQ3	2.2xQ3	13.0%Q3	-0.6%Q1	0.1xQ1	-2.2Q1	55.1%	6%
KAVERI SEED COMPANY LTD	Agricultural Commodities/Milling	₹3549 cr	0.2%	-31%Q1	14.2xQ2	2.0xQ3	16.0%Q3	39.6%Q4	0.0xQ1	-2.8Q1	60.5%	10%
GRAUER & WEIL (INDIA) LTD	Chemicals: Specialty	₹3414 cr	0.1%	+34%Q4	21.3xQ3	3.2xQ4	21.0%Q4	16.0%Q3	0.0xQ1	—	69.0%	64%
RAYMOND LIFESTYLE LIMITED	Textiles	₹3304 cr	0.1%	-52%Q1	76.1xQ4	0.3xQ1	4.0%Q1	6.0%Q2	0.2xQ2	-1.5Q1	59.6%	9%
KIRI INDUSTRIES LIMITED	Chemicals: Specialty	₹3285 cr	0.1%	-14%Q2	—	—	3.0%Q1	5.0%Q1	0.0xQ1	-7.0Q1	41.7%	38%
STYRENIX PERFOM. MATERIALS LTD	Chemicals: Specialty	₹3270 cr	0.1%	-11%Q2	12.0xQ2	2.4xQ3	14.0%Q3	22.0%Q4	0.4xQ3	-1.9Q1	46.2%	15%
MAYUR UNIQUOTERS LTD	Textiles	₹3245 cr	0.1%	+50%Q4	15.7xQ2	2.9xQ3	24.0%Q4	22.0%Q4	0.0xQ1	+0.9Q4	58.8%	63%
NATIONAL FERTILIZERS LIMITED	Chemicals: Agricultural	₹3127 cr	0.1%	-25%Q2	8.6xQ1	1.1xQ2	9.0%Q2	6.0%Q2	1.4xQ4	+0.1Q4	74.7%	19%
SANGAM (INDIA) LTD	Textiles	₹3112 cr	0.1%	+39%Q4	23.0xQ3	2.9xQ3	10.0%Q2	12.0%Q3	1.2xQ4	-0.1Q2	70.5%	80%
JINDAL POLY FILMS LTD	Containers/Packaging	₹3004 cr	0.1%	+32%Q4	—	1.0xQ2	-2.0%Q1	1.4%Q1	1.3xQ4	-1.2Q1	74.5%	49%
MONOLITHISCH INDIA LIMITED	Industrial Specialties	₹2968 cr	0.1%	+149%Q4	103.0xQ4	22.7xQ4	35.0%Q4	28.0%Q4	0.1xQ1	-2.9Q1	74.3%	88%
POLYPLEX CORPORATION LTD	Chemicals: Specialty	₹2881 cr	0.1%	+10%Q3	18.5xQ3	0.7xQ1	1.0%Q1	13.0%Q3	0.2xQ2	+3.1Q4	26.7%	34%
NACL INDUSTRIES LIMITED	Chemicals: Agricultural	₹2812 cr	0.1%	-31%Q1	227.4xQ4	4.1xQ4	8.0%Q2	11.0%Q2	0.5xQ3	+0.1Q4	53.7%	8%
PREMIER EXPLOSIVES LTD	Chemicals: Specialty	₹2777 cr	0.1%	-3%Q3	82.9xQ4	9.6xQ4	23.0%Q4	5.7%Q2	0.1xQ2	+0.9Q4	41.3%	31%
BHANSALI ENGINEERING POLYMERS	Industrial Specialties	₹2756 cr	0.1%	+20%Q4	13.8xQ2	2.5xQ3	24.0%Q4	17.0%Q4	0.0xQ1	-0.1Q2	57.5%	57%
JUBILANT AGRI CONS PRODUCT LTD	Agricultural Chemicals	₹2703 cr	0.1%	-22%Q2	20.8xQ3	5.9xQ4	40.0%Q4	13.0%Q3	0.1xQ2	+0.1Q4	74.4%	25%
PANAMA PETROCHEM LTD	Industrial Specialties	₹2678 cr	0.1%	+50%Q4	5.6xQ1	1.8xQ3	19.0%Q4	22.0%Q4	0.1xQ1	-0.3Q2	63.2%	58%
KITEX GARMENTS LTD	Textiles	₹2633 cr	0.1%	-38%Q1	—	2.6xQ3	2.0%Q1	6.0%Q2	1.2xQ4	+0.3Q4	56.7%	18%
DDEV PLASTIKS INDUSTRIES LTD	Chemicals: Major Diversified	₹2589 cr	0.1%	-9%Q3	12.1xQ2	2.6xQ3	31.0%Q4	9.0%Q2	0.1xQ1	+1.1Q4	75.0%	49%
XPRO INDIA LTD	Industrial Specialties	₹2587 cr	0.1%	+7%Q3	79.2xQ4	3.4xQ4	4.0%Q1	9.1%Q2	0.4xQ3	+0.1Q4	40.3%	40%
GANDHAR OIL REFINERY INDIA LTD	Industrial Specialties	₹2551 cr	0.1%	+100%Q4	8.5xQ1	1.9xQ3	13.0%Q3	16.0%Q3	0.2xQ2	+1.0Q4	66.6%	72%
KNACK PACKAGING LTD	Containers/Packaging	₹2512 cr	0.1%	—	21.4xQ3	8.2xQ4	31.0%Q4	20.0%Q4	0.7xQ3	—	—	—
APCOTEX INDUSTRIES LIMITED	Chemicals: Specialty	₹2509 cr	0.1%	+17%Q4	66.9xQ4	12.7xQ4	—	5.0%Q1	0.2xQ2	+0.2Q4	58.2%	43%
SPORTKING INDIA LIMITED	Textiles	₹2504 cr	0.1%	+109%Q4	15.5xQ2	2.4xQ3	13.0%Q3	19.0%Q4	0.5xQ3	+0.3Q4	74.4%	73%
BHAGIRADHA CHEMICALS AND INDUS	Chemicals: Agricultural	₹2455 cr	0.1%	-23%Q2	89.2xQ4	3.5xQ4	5.0%Q1	16.0%Q3	0.3xQ2	+0.1Q3	19.6%	13%
VEEDOL CORPORATION LIMITED	Chemicals: Specialty	₹2431 cr	0.1%	-15%Q2	11.1xQ2	2.4xQ3	24.0%Q4	16.0%Q3	0.0xQ1	-0.1Q2	64.6%	26%
AMIR CHAND JAGDISH KUMAR EXPO	Agricultural Commodities/Milling	₹2414 cr	0.1%	—	17.2xQ2	2.6xQ3	16.0%Q3	9.0%Q2	0.8xQ4	—	78.8%	—
ROSSARI BIOTECH LIMITED	Chemicals: Specialty	₹2356 cr	0.1%	-29%Q1	15.6xQ2	1.8xQ3	13.0%Q3	12.0%Q3	0.3xQ2	-1.4Q1	68.1%	18%
J.G.CHEMICALS LTD	Chemicals: Specialty	₹2345 cr	0.1%	+50%Q4	31.2xQ3	4.4xQ4	18.0%Q4	11.0%Q2	0.0xQ1	-2.8Q1	71.0%	76%
GANESHA ECOSPHERE LIMITED	Textiles	₹2324 cr	0.1%	-5%Q3	41.2xQ4	1.8xQ3	6.0%Q2	14.0%Q3	0.4xQ3	+1.2Q4	39.3%	35%
STALLION INDIA FLUOROCHEMI LTD	Chemicals: Specialty	₹2323 cr	0.1%	+40%Q4	44.8xQ4	3.4xQ4	12.0%Q3	18.0%Q4	0.1xQ1	+0.3Q4	47.8%	56%
SIRCA PAINTS INDIA LIMITED	Industrial Specialties	₹2318 cr	0.1%	-22%Q2	34.5xQ4	4.9xQ4	20.0%Q4	19.0%Q4	0.1xQ1	+0.9Q4	65.2%	15%
NOCIL LIMITED	Chemicals: Specialty	₹2308 cr	0.1%	-19%Q2	34.9xQ4	1.3xQ2	4.0%Q1	11.0%Q2	0.0xQ1	-1.9Q1	33.8%	15%
SIYARAM SILK MILLS LTD	Textiles	₹2296 cr	0.1%	-30%Q1	9.7xQ1	1.6xQ2	19.0%Q4	4.0%Q1	0.2xQ2	-0.6Q1	67.5%	18%
VENKYS INDIA LIMITED	Agricultural Commodities/Milling	₹2227 cr	0.1%	+18%Q4	12.8xQ2	1.4xQ2	12.0%Q3	6.0%Q2	0.1xQ1	-0.1Q2	56.1%	64%
COSMO FIRST LIMITED	Containers/Packaging	₹2167 cr	0.1%	+13%Q3	13.0xQ2	1.3xQ2	11.0%Q2	12.0%Q3	1.0xQ4	-1.1Q1	40.8%	61%
BOMBAY DYEING & MFG CO LTD	Textiles	₹2093 cr	0.1%	-30%Q1	104.5xQ4	0.9xQ2	1.0%Q1	-0.1%Q1	0.0xQ1	-0.1Q2	53.6%	20%
INDIA GLYCOLS LTD	Chemicals: Specialty	₹2065 cr	0.1%	-11%Q2	6.4xQ1	0.7xQ1	12.0%Q3	15.0%Q3	0.6xQ3	-1.2Q1	59.6%	50%
BODAL CHEMICALS LTD	Chemicals: Specialty	₹2034 cr	0.1%	+198%Q4	29.5xQ3	1.8xQ3	6.0%Q2	10.0%Q2	0.7xQ3	-0.8Q1	57.0%	72%
INDO RAMA SYNTHETICS (INDIA) L	Textiles	₹2032 cr	0.1%	+52%Q4	12.6xQ2	3.9xQ4	18.0%Q4	11.0%Q2	2.2xQ4	-0.4Q2	74.8%	59%
GSP CROP SCIENCE LTD	Chemicals: Agricultural	₹2010 cr	0.1%	—	18.1xQ3	2.6xQ3	19.0%Q4	11.0%Q2	0.3xQ2	—	71.7%	—
GRM OVERSEAS LTD	Agricultural Commodities/Milling	₹1911 cr	0.1%	-41%Q1	23.6xQ3	3.2xQ4	14.0%Q3	8.0%Q2	0.6xQ3	+5.4Q4	63.1%	14%
NIBE LIMITED	Textiles	₹1905 cr	0.1%	+13%Q3	—	5.5xQ4	5.0%Q1	-15.0%Q1	0.3xQ2	+2.8Q4	52.3%	40%
SANSTAR LIMITED	Agricultural Commodities/Milling	₹1867 cr	0.1%	+1%Q3	49.3xQ4	7.3xQ4	29.0%Q4	—	0.5xQ3	+0.1Q4	64.2%	30%
SHREE PUSHKAR CHEMICALS	Chemicals: Specialty	₹1843 cr	0.1%	+42%Q4	25.6xQ3	3.0xQ3	13.0%Q3	11.0%Q2	0.2xQ2	+0.1Q4	69.4%	78%
S H KELKAR AND COMPANY LIMITED	Chemicals: Specialty	₹1810 cr	0.1%	-24%Q2	20.3xQ3	1.3xQ2	6.0%Q2	13.0%Q3	0.8xQ3	-1.0Q1	54.9%	16%
IG PETROCHEMICALS LIMITED	Chemicals: Specialty	₹1806 cr	0.1%	+51%Q4	22.1xQ3	1.4xQ2	3.0%Q1	18.0%Q4	0.3xQ2	-0.5Q2	68.7%	90%
INDOKEM LTD	Industrial Specialties	₹1747 cr	0.1%	—	773.7xQ4	26.9xQ4	5.0%Q1	4.8%Q1	0.4xQ3	—	68.7%	—
BHAGERIA INDUSTRIES LIMITED	Chemicals: Specialty	₹1731 cr	0.1%	+118%Q4	25.1xQ3	2.9xQ3	9.0%Q2	15.0%Q3	0.2xQ2	+0.0Q3	71.8%	93%
TARSONS PRODUCTS LTD	Containers/Packaging	₹1695 cr	0.1%	+41%Q4	152.4xQ4	2.7xQ3	5.0%Q1	23.6%Q4	0.6xQ3	-9.0Q1	47.3%	73%
AVADH SUGAR & ENERGY LTD	Agricultural Commodities/Milling	₹1676 cr	0.1%	+121%Q4	25.4xQ3	1.5xQ2	7.0%Q2	4.7%Q1	1.3xQ4	-0.5Q1	60.4%	74%
GOCL CORPORATION LIMITED	Industrial Specialties	₹1670 cr	0.1%	+18%Q4	4.9xQ1	0.5xQ1	7.0%Q2	-122.0%Q1	0.0xQ1	+5.2Q4	67.8%	57%
HUHTAMAKI INDIA LTD	Containers/Packaging	₹1667 cr	0.1%	+1%Q3	19.0xQ3	2.5xQ3	—	10.0%Q2	0.6xQ3	-0.4Q2	67.7%	40%
BLUE CLOUD SOFTECH SOL LTD	Agricultural Commodities/Milling	₹1665 cr	0.1%	—	18.9xQ3	1.8xQ3	14.0%Q3	20.0%Q4	0.3xQ2	—	38.4%	—
ORIENTAL AROMATICS LIMITED	Chemicals: Specialty	₹1657 cr	0.1%	+58%Q4	309.6xQ4	2.5xQ3	4.0%Q1	7.6%Q2	0.6xQ3	0.0Q3	74.2%	63%
RUBY MILLS LTD	Textiles	₹1613 cr	0.1%	+116%Q4	37.0xQ4	2.4xQ3	—	—	0.6xQ3	+0.0Q3	74.9%	76%
BHARAT RASAYAN LIMITED	Chemicals: Agricultural	₹1612 cr	0.1%	-63%Q1	11.3xQ2	1.3xQ2	16.0%Q3	15.0%Q3	0.0xQ1	-0.1Q2	75.0%	3%
JAI CORP LIMITED	Containers/Packaging	₹1597 cr	0.1%	-36%Q1	17.1xQ2	1.3xQ2	12.0%Q3	15.0%Q3	0.2xQ2	+0.7Q4	73.9%	9%
INSECTICIDES INDIA LTD	Chemicals: Agricultural	₹1576 cr	0.1%	-25%Q2	12.6xQ2	1.3xQ2	16.0%Q3	11.0%Q2	0.1xQ2	-0.3Q2	72.3%	15%
AYM SYNTEX LIMITED	Textiles	₹1568 cr	0.1%	+59%Q4	83.8xQ4	2.7xQ3	5.0%Q1	9.0%Q2	0.3xQ2	-0.2Q2	65.7%	67%
TINNA RUBBER AND INFRA LIMITED	Industrial Specialties	₹1529 cr	0.1%	+1%Q3	24.8xQ3	5.1xQ4	22.0%Q4	22.0%Q4	0.4xQ3	-0.2Q2	67.2%	40%
PAUSHAK LIMITED (FORMERLY KNOW	Chemicals: Specialty	₹1510 cr	0.1%	—	35.6xQ4	3.1xQ3	8.0%Q2	31.0%Q4	0.2xQ2	—	67.3%	50%
CAMLIN FINE SCIENCES LIMITED	Chemicals: Specialty	₹1509 cr	0.1%	-52%Q1	270.8xQ4	1.4xQ2	5.0%Q1	1.8%Q1	0.7xQ3	-2.0Q1	48.0%	4%
KOTHARI INDUSTRIAL CORPOR	Chemicals: Agricultural	₹1476 cr	0.1%	—	—	6.4xQ4	-11.0%Q1	-43.0%Q1	0.3xQ2	—	47.3%	—
THIRUMALAI CHEMICALS LTD	Chemicals: Specialty	₹1467 cr	0.1%	-48%Q1	—	0.9xQ2	-3.0%Q1	6.0%Q2	1.4xQ4	-0.4Q2	37.1%	5%
PASHUPATI COTSPIN LIMITED	Textiles	₹1459 cr	0.1%	+14%Q4	92.7xQ4	8.9xQ4	10.0%Q2	9.5%Q2	0.6xQ3	+0.2Q4	66.0%	29%
CHAMAN LAL SETIA EXPORTS LTD	Agricultural Commodities/Milling	₹1446 cr	0.1%	+14%Q3	11.5xQ2	1.7xQ3	18.0%Q4	13.0%Q3	0.1xQ1	+0.9Q4	74.0%	72%
DCW LIMITED	Chemicals: Specialty	₹1408 cr	0.1%	-22%Q2	—	2.5xQ3	1.0%Q1	—	1.4xQ4	-3.9Q1	45.6%	30%
UTTAM SUGAR MILLS LIMITED	Agricultural Commodities/Milling	₹1372 cr	0.1%	+56%Q4	15.8xQ2	1.6xQ2	11.0%Q2	4.3%Q1	0.8xQ4	-0.1Q2	74.7%	81%
MEGHMANI ORGANICS LTD	Chemicals: Specialty	₹1371 cr	0.1%	-21%Q2	21.4xQ3	0.9xQ2	7.0%Q2	18.0%Q4	0.5xQ3	-1.0Q1	49.0%	41%
SESHASAYEE PAPER & BOARDS LTD	Pulp & Paper	₹1360 cr	0.1%	-11%Q2	13.8xQ2	0.7xQ1	6.0%Q2	9.0%Q2	0.0xQ1	-0.4Q2	43.3%	25%
INDIA PESTICIDES LIMITED	Chemicals: Agricultural	₹1340 cr	0.1%	-34%Q1	12.5xQ2	1.3xQ2	17.0%Q3	14.0%Q3	0.1xQ2	-2.3Q1	63.6%	9%
FAZE THREE LTD	Textiles	₹1330 cr	0.1%	+4%Q3	43.2xQ4	2.9xQ3	10.0%Q2	9.3%Q2	0.6xQ3	-0.1Q2	58.0%	67%
MANALI PETROCHEMICALS LTD	Chemicals: Major	₹1278 cr	0.1%	+14%Q4	7.1xQ1	1.0xQ2	7.0%Q2	30.0%Q4	0.1xQ2	-0.1Q2	44.9%	65%
GHCL TEXTILES LIMITED	Textiles	₹1271 cr	0.1%	+74%Q4	13.2xQ2	0.8xQ1	6.0%Q2	17.0%Q4	0.1xQ1	-2.4Q1	19.2%	85%
ANDHRA PAPER LIMITED	Pulp & Paper	₹1266 cr	0.1%	-7%Q3	45.8xQ4	0.7xQ1	0.0%Q1	12.4%Q3	0.1xQ2	-0.6Q1	72.5%	26%
TGV SRAAC LIMITED	Chemicals: Specialty	₹1250 cr	0.1%	—	9.0xQ1	1.0xQ2	13.0%Q3	18.0%Q4	0.3xQ2	—	64.3%	—
EXCELL INDUSTRIES LTD	Chemicals: Specialty	₹1226 cr	0.1%	+2%Q3	17.2xQ2	0.7xQ1	6.0%Q2	14.0%Q3	0.0xQ1	-0.2Q2	51.9%	50%
SKM EGG PRODUCTS EXPORTS (INDI	Agricultural Commodities/Milling	₹1225 cr	0.1%	+10%Q3	11.0xQ2	3.1xQ3	31.0%Q4	17.0%Q4	0.4xQ2	+1.0Q4	57.5%	39%
SOUTHERN PETROCHEMICAL INDUSTR	Agricultural Chemicals	₹1209 cr	0.1%	-27%Q1	5.9xQ1	0.9xQ2	17.0%Q3	7.0%Q2	0.5xQ3	-1.7Q1	53.4%	16%
INDO BORAX & CHEMICALS LTD	Chemicals: Specialty	₹1205 cr	0.1%	+70%Q4	21.4xQ3	3.1xQ3	15.0%Q3	28.0%Q4	0.0xQ1	+0.1Q4	38.4%	50%
SULA VINEYARDS LIMITED	Agricultural Commodities/Milling	₹1190 cr	0.1%	-40%Q1	48.1xQ4	2.0xQ3	8.0%Q2	14.7%Q3	0.6xQ3	-6.0Q1	24.6%	12%
UNITED POLYFAB GUJARAT LIMITED	Textiles	₹1188 cr	0.1%	+31%Q4	43.5xQ4	8.9xQ4	18.0%Q4	7.0%Q2	0.8xQ4	-0.1Q2	51.5%	83%
ASTEC LIFESCIENCES LIMITED	Chemicals: Agricultural	₹1174 cr	0.1%	-37%Q1	—	3.0xQ3	-5.0%Q1	-0.8%Q1	1.1xQ4	-0.0Q3	72.0%	3%
PLATINUM INDUSTRIES LTD	Chemicals: Major Diversified	₹1174 cr	0.1%	-21%Q2	23.3xQ3	2.6xQ3	16.0%Q3	12.0%Q3	0.0xQ1	-0.2Q2	70.0%	30%
ULTRAMARINE & PIGMENTS LTD	Chemicals: Specialty	₹1168 cr	0.1%	—	12.7xQ2	1.3xQ2	11.0%Q2	19.0%Q4	0.1xQ1	—	40.5%	—
GODAVARI BIOREFINERIES LIMITED	Chemicals: Specialty	₹1146 cr	0.1%	-10%Q3	7462.3xQ4	1.4xQ2	6.0%Q2	0.1%Q1	0.7xQ3	-0.4Q2	63.3%	19%
ARROW GREENTECH LIMITED	Containers/Packaging	₹1116 cr	0.0%	+33%Q4	17.5xQ2	4.8xQ4	30.0%Q4	41.0%Q4	0.0xQ1	-0.1Q2	65.7%	65%
NRAGARWAL INDUSTRIES LTD	Pulp & Paper	₹1115 cr	0.0%	+40%Q4	17.9xQ2	1.4xQ2	8.0%Q2	11.0%Q2	1.0xQ4	-0.1Q2	74.3%	60%
PUNJAB CHEMICALS AND CROP PROT	Chemicals: Agricultural	₹1112 cr	0.0%	-36%Q1	17.0xQ2	2.6xQ3	19.0%Q4	12.0%Q3	0.4xQ3	+2.9Q4	39.2%	9%
3B BLACKBIO DX LIMITED	Chemicals: Agricultural	₹1110 cr	0.0%	—	20.0xQ3	3.4xQ4	25.0%Q4	25.4%Q4	0.0xQ1	—	41.0%	—
THE ANDHRA SUGARS LIMITED	Chemicals: Specialty	₹1109 cr	0.0%	+6%Q3	10.5xQ1	0.7xQ1	8.0%Q2	12.0%Q3	0.0xQ1	+0.2Q4	50.5%	38%
M.V.K. AGRO FOOD PRODUCT LTD	Agricultural Commodities/Milling	₹1074 cr	0.0%	-72%Q1	21.6xQ3	2.4xQ3	14.0%Q3	10.8%Q2	0.7xQ3	-0.1Q2	59.8%	9%
DHAMPUR SUGAR MILLS LTD	Agricultural Commodities/Milling	₹1054 cr	0.0%	+30%Q4	15.0xQ2	0.9xQ2	6.0%Q2	5.7%Q1	0.8xQ3	-0.1Q2	49.9%	50%
JYOTI RESINS & ADHESIVES LTD	Industrial Specialties	₹1034 cr	0.0%	—	28715.0xQ4	19.7xQ4	0.2%Q1	—	0.0xQ1	—	54.4%	—
COMMERCIAL SYN BAGS LIMITED	Containers/Packaging	₹1025 cr	0.0%	+70%Q4	33.1xQ4	5.8xQ4	14.0%Q3	14.4%Q3	0.7xQ3	-0.2Q2	59.2%	60%
TAMILNADU PETROPRODUCTS LTD	Chemicals: Specialty	₹1021 cr	0.0%	+9%Q3	7.2xQ1	1.0xQ2	11.0%Q2	15.0%Q3	0.5xQ3	+3.6Q4	34.5%	51%
KRISHIVAL FOODS LIMITED	Agricultural Commodities/Milling	₹1019 cr	0.0%	-21%Q2	41.7xQ4	5.3xQ4	16.0%Q3	11.8%Q3	0.2xQ2	-0.4Q2	37.2%	39%
CENTURY ENKA LTD	Chemicals: Specialty	₹996 cr	0.0%	-3%Q3	6.8xQ1	0.7xQ1	8.0%Q2	15.0%Q3	0.0xQ1	-0.2Q2	24.9%	28%
TAMIL NADU NEWSPRINT AND PAPER	Pulp & Paper	₹994 cr	0.0%	+2%Q3	3.8xQ1	0.4xQ1	6.0%Q2	10.0%Q2	0.7xQ3	-0.4Q2	35.3%	58%
SEJAL GLASS LIMITED	Industrial Specialties	₹993 cr	0.0%	-6%Q3	30.5xQ3	6.6xQ4	19.0%Q4	14.0%Q3	1.3xQ4	-0.0Q3	70.0%	76%
ESTER INDUSTRIES LTD	Industrial Specialties	₹962 cr	0.0%	-15%Q2	—	1.2xQ2	3.0%Q1	11.0%Q2	0.9xQ4	-0.1Q2	62.3%	46%
VALIANT ORGANICS LTD	Chemicals: Specialty	₹959 cr	0.0%	+36%Q4	17.7xQ2	1.3xQ2	5.0%Q1	18.0%Q4	0.3xQ2	0.0Q3	37.9%	47%
BOMBAY SUPER HYBRID SEEDS LTD	Chemicals: Agricultural	₹950 cr	0.0%	-14%Q2	33.1xQ4	7.3xQ4	16.0%Q3	9.4%Q2	0.8xQ4	0.0Q3	73.8%	48%
RSWM LIMITED	Textiles	₹935 cr	0.0%	+26%Q4	14.8xQ2	0.7xQ1	6.0%Q2	8.0%Q2	1.2xQ4	-0.3Q2	55.7%	67%
DHAMPUR BIO ORGANICS LIMITED	Agricultural Commodities/Milling	₹920 cr	0.0%	+82%Q4	10.9xQ2	0.9xQ2	5.0%Q1	1.7%Q1	1.0xQ4	-0.1Q2	50.8%	84%
REGAAL RESOURCES LIMITED	Agricultural Commodities/Milling	₹913 cr	0.0%	+14%Q3	15.2xQ2	1.9xQ3	12.0%Q3	15.0%Q3	1.3xQ4	—	71.3%	69%
MADRAS FERTILIZERS LIMITED	Chemicals: Agricultural	₹911 cr	0.0%	-27%Q1	12.8xQ2	9.9xQ4	25.0%Q4	6.0%Q2	6.9xQ4	-0.0Q3	85.3%	20%
NAHAR SPINNING MILLS LTD	Textiles	₹909 cr	0.0%	+24%Q4	12.0xQ2	0.6xQ1	3.0%Q1	13.0%Q3	0.7xQ3	-0.1Q2	68.0%	52%
AMBIKA COTTON MILLS LIMITED	Textiles	₹891 cr	0.0%	+25%Q4	10.9xQ2	0.9xQ2	12.0%Q3	15.0%Q3	0.0xQ1	+0.1Q4	50.4%	59%
FAIRCHEM ORGANICS LIMITED	Chemicals: Specialty	₹883 cr	0.0%	+7%Q3	61.6xQ4	3.4xQ4	3.0%Q1	10.0%Q2	0.3xQ2	+0.1Q4	63.3%	65%
SACHEEROME LIMITED	Chemicals: Specialty	₹864 cr	0.0%	+7%Q3	30.4xQ3	5.8xQ4	36.0%Q4	—	0.0xQ1	-1.3Q1	71.5%	52%
SREE RAYALASEEMA HI-STRENGTH H	Chemicals: Specialty	₹847 cr	0.0%	-7%Q3	9.3xQ1	0.9xQ2	14.0%Q3	14.0%Q3	0.0xQ1	-0.1Q2	61.8%	38%
PUDUMJEE PAPER PRODUCTS LTD	Pulp & Paper	₹844 cr	0.0%	-13%Q2	9.3xQ1	1.3xQ2	18.0%Q4	18.0%Q4	0.1xQ1	-0.2Q2	71.6%	44%
INDO AMINES LTD	Chemicals: Major Diversified	₹842 cr	0.0%	-6%Q3	10.3xQ1	2.1xQ3	19.0%Q4	14.0%Q3	0.8xQ4	+0.1Q4	58.4%	40%
AMINES & PLASTICIZERS LTD	Chemicals: Specialty	₹823 cr	0.0%	-24%Q2	21.3xQ3	2.8xQ3	17.0%Q3	9.9%Q2	0.1xQ1	—	73.2%	21%
DHARMAJ CROP GUARD LIMITED	Chemicals: Agricultural	₹811 cr	0.0%	-1%Q3	13.5xQ2	1.8xQ3	17.0%Q3	15.0%Q3	0.3xQ2	-0.5Q2	70.4%	31%
SUNSHIELD CHEMICALS LTD	Chemicals: Major Diversified	₹808 cr	0.0%	—	22.3xQ3	3.2xQ4	20.0%Q4	16.0%Q3	0.0xQ1	—	66.5%	—
MAFATLAL INDUSTRIES LTD	Textiles	₹805 cr	0.0%	—	13.7xQ2	1.0xQ2	13.0%Q3	1.9%Q1	0.1xQ1	—	69.3%	—
OCCL LIMITED	Chemicals: Specialty	₹802 cr	0.0%	+57%Q4	10.7xQ1	1.9xQ3	13.0%Q3	28.0%Q4	0.2xQ2	+0.2Q4	51.8%	48%
ZUARI AGRO CHEMICALS LIMITED	Chemicals: Agricultural	₹802 cr	0.0%	-30%Q1	—	—	16.0%Q3	10.0%Q2	0.3xQ2	-0.3Q2	65.2%	10%
DWARIKESH SUGAR INDUSTRIES LTD	Agricultural Commodities/Milling	₹796 cr	0.0%	+5%Q3	—	—	—	-16.0%Q1	—	-0.9Q1	42.1%	39%
ADVANCE AGROLIFE LTD	Chemicals: Agricultural	₹783 cr	0.0%	-3%Q3	21.4xQ3	7.8xQ4	28.0%Q4	—	0.8xQ4	—	69.9%	47%
SUMEET INDUSTRIES LIMITED	Textiles	₹774 cr	0.0%	-60%Q1	30.1xQ3	3.6xQ4	13.0%Q3	3.1%Q1	0.8xQ3	+0.3Q4	89.8%	8%
PRECOT LIMITED	Textiles	₹767 cr	0.0%	+47%Q4	15.0xQ2	1.6xQ2	11.0%Q2	20.0%Q4	0.7xQ3	-0.0Q3	61.5%	57%
MAGADH SUGAR & ENERGY LIMITED	Agricultural Commodities/Milling	₹766 cr	0.0%	+10%Q3	15.0xQ2	0.9xQ1	8.0%Q2	0.2%Q1	0.8xQ4	-0.1Q2	61.0%	60%
HIMATSINGKA SEIDE LTD	Textiles	₹750 cr	0.0%	-52%Q1	13.4xQ2	0.3xQ1	9.0%Q2	14.2%Q3	1.2xQ4	-3.3Q1	37.5%	10%
GEM AROMATICS LIMITED	Chemicals: Specialty	₹743 cr	0.0%	-17%Q2	—	1.7xQ2	3.0%Q1	3.4%Q1	0.3xQ2	—	57.4%	12%
HALDYN GLASS LIMITED	Containers/Packaging	₹736 cr	0.0%	—	24.8xQ3	3.1xQ4	14.0%Q3	16.0%Q3	0.5xQ3	—	59.1%	—
KANORIA CHEMICALS & INDUSTRIES	Chemicals: Specialty	₹729 cr	0.0%	+118%Q4	4.6xQ1	1.3xQ2	6.0%Q2	10.0%Q2	0.5xQ3	-0.0Q3	74.4%	72%
ZUARI INDUSTRIES LIMITED	Agricultural Commodities/Milling	₹726 cr	0.0%	-24%Q2	6.7xQ1	0.2xQ1	5.0%Q1	4.5%Q1	0.8xQ3	-0.2Q2	56.7%	22%
KOTHARI PETROCHEMICALS LIMITED	Chemicals: Specialty	₹724 cr	0.0%	-5%Q3	75.9xQ4	10.7xQ4	18.0%Q4	—	0.3xQ2	0.0Q3	72.2%	46%
AMAL LTD	Chemicals: Specialty	₹718 cr	0.0%	—	24.2xQ3	6.0xQ4	26.0%Q4	17.7%Q4	0.0xQ1	—	71.3%	—
CHEMCON SPECIALITY CHEMICALS	Chemicals: Specialty	₹715 cr	0.0%	-8%Q3	25.4xQ3	1.5xQ2	6.0%Q2	23.2%Q4	0.1xQ2	-0.1Q2	74.5%	62%
KRONOX LAB SCIENCES LIMITED	Chemicals: Specialty	₹715 cr	0.0%	+35%Q4	25.1xQ3	6.2xQ4	36.0%Q4	31.7%Q4	0.0xQ1	+0.0Q3	74.2%	74%
EMAMI PAPER MILLS LIMITED	Pulp & Paper	₹715 cr	0.0%	+35%Q4	7.6xQ1	1.4xQ2	11.0%Q2	15.0%Q3	1.8xQ4	0.0Q3	75.0%	83%
SARLA PERFORMANCE FIBERS LTD	Textiles	₹711 cr	0.0%	-2%Q3	194.4xQ4	1.6xQ2	10.0%Q2	24.0%Q4	0.6xQ3	-0.2Q2	60.0%	49%
HITECH CORPORATION LIMITED	Containers/Packaging	₹711 cr	0.0%	+121%Q4	40.4xQ4	2.5xQ3	10.0%Q2	10.2%Q2	0.5xQ3	-0.1Q2	74.4%	96%
JAYANT AGRO-ORGANICS LIMITED	Agricultural Commodities/Milling	₹709 cr	0.0%	+11%Q3	13.1xQ2	1.2xQ2	12.0%Q3	4.9%Q1	0.2xQ2	0.0Q3	67.1%	76%
SADHANA NITROCHEM LTD	Chemicals: Specialty	₹703 cr	0.0%	+31%Q4	—	1.6xQ2	-11.0%Q1	8.5%Q2	0.3xQ2	0.0Q3	60.9%	51%
RAJAPALAYAM MILLS LIMITED	Textiles	₹692 cr	0.0%	—	5.6xQ1	0.3xQ1	2.0%Q1	14.0%Q3	0.5xQ3	—	56.3%	—
SHRI JAGDAMBA POLYMERS LTD	Textiles	₹688 cr	0.0%	—	15.4xQ2	2.1xQ3	13.0%Q3	16.0%Q3	0.3xQ2	—	72.9%	—
SATIA INDUSTRIES LIMITED	Pulp & Paper	₹668 cr	0.0%	-1%Q3	—	0.6xQ1	4.0%Q1	14.0%Q3	0.3xQ2	-0.3Q2	52.5%	61%
20 MICRONS LIMITED	Chemicals: Specialty	₹663 cr	0.0%	-2%Q3	9.8xQ1	1.4xQ2	17.0%Q3	13.0%Q3	0.3xQ2	-0.5Q2	45.0%	54%
SHALIMAR PAINTS LTD	Chemicals: Specialty	₹658 cr	0.0%	+19%Q4	—	2.6xQ3	-8.0%Q1	-9.0%Q1	0.7xQ3	+0.0Q3	75.0%	73%
ARIES AGRO LIMITED	Chemicals: Agricultural	₹656 cr	0.0%	+50%Q4	13.8xQ2	2.0xQ3	21.0%Q4	14.0%Q3	0.2xQ2	-1.2Q1	52.7%	93%

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257 smaller companies are not listed here; see the live observatory for the full set.

What do the dots mean?

Dots show a company's quartile within this sector (Q1 = lowest value in the sector, Q4 = highest) for the metrics that have one; hover for the percentile. This is a relative position within this sector only, not a quality score. A hollow dot means loss-making.

Lenders show ROE in place of ROCE and n/a for operating margin and debt/equity. Companies without their own page are listed unlinked. 12m return is the 12-month price change.

All terms explained in the glossary →

Explore further

Screen this sectorFilter the 507 Process Industries companies on valuation, quality and momentum.Backtest a screenTest a rule inside Process Industries against the sector's equal-weighted return.P/E vs ROCEEvery Process Industries company on valuation against returns, animated month by month.Watch profit shiftSee which companies gained or lost profit and revenue weight over time.

Sectors with a similar median P/EFinance Distribution Services Transportation

Methodology and data notes