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Ask the chart: “Has this stock recovered from similar drawdowns before?”
AI equity note (bull/bear, numbers, sources) — coming soon
Management guidance consistency — coming soon
Latest filings
NSE announcements · newest firstAction(s) initiated or orders passed
Record date for the purpose of Split/Subdivision is 22-Oct-2026.
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
Key MetricsFull financials →
P/E (TTM)
7.4×
EPS ₹430.95
P / Book
5.94×
BVPS ₹538
ROE
104.4%
FY26, avg equity
Net margin
54.8%
FY26
Revenue YoY
−3.0%
Q1 FY27
Net profit YoY
−12.4%
Q1 FY27
Debt / equity
0.00×
₹0 Cr debt
Div. yield
1.56%
₹50.00 in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
Promoter pledge: none reported
Peer Comparison
| Company | P/E | P/B | ROE | Margin |
|---|---|---|---|---|
| ASIANPAINT₹2.34L Cr | 48.5× | 10.97× | 21.6% | 12.4% |
| BERGEPAINT₹53,444 Cr | 43.9× | 7.73× | 17.3% | 9.5% |
| KANSAINER₹14,608 Cr | 24.8× | 2.18× | 8.8% | 7.2% |
| JSWDULUX₹14,571 Cr | 7.4× | 5.94× | 104.4% | 54.8% |
| INDIGOPNTS₹5,381 Cr | 33.5× | 4.55× | 13.0% | 10.9% |
| SIRCA₹2,330 Cr | 34.8× | 4.90× | 15.8% | 13.2% |
Paints: the companies closest in market value, of the 8 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags2 Watch
Operating cash flow was 0.43× net profit
Cumulative over FY22–FY26 (5 years).
Promoter holding is 61.20%, -13.56 points over a year
2026-06-30 against 2025-06-30.
Exceptional items above 5% of pre-tax profit in 1 of the last 5 years
FY22–FY26.
Effective tax rate averaged 19%
Tax over pre-tax profit, last 3 years. The base corporate rate is about 25%.
9 checks within their thresholds
Free cash flow was negative in 0 of the last 5 years
Operating cash flow less capital expenditure, as filed.
Receivables grew 3% against revenue growth of -12%
FY26: debtor days moved from 52 to 61.
Inventory grew -6% against revenue growth of -12%
FY26: inventory days moved from 54 to 58.
Debt to equity is 0.00×
As at 2026-03-31; it was 0.00× at 2023-03-31.
Other income is 4% of profit before tax
FY26.
Share count changed +0.0% in three years, net of bonuses and splits
From 2023-03-31 to 2026-03-31. Shares issued for mergers, placements, conversions and stock options all count.
No promoter shares are pledged
Shareholding pattern as at 2026-06-30.
No auditor change or resignation filings in three years
From NSE announcements on record.
Results were filed late in 0 of the last 8 quarters
Slowest filing came 44 days after the period end.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice.
Formula Scores
Piotroski F-score: 6 of 9 · FY to 2026-03-31one point for each of nine tests on profitability, leverage and liquidity, and operating efficiency, comparing the year with the one before
- ✓ Return on assets positive: 67.98 — profit after tax over the year's opening total assets, %
- ✓ Operating cash flow positive: 93.3 — ₹ crore
- ✗ Cash flow above profit (accruals): -1,880.4 — operating cash flow less profit after tax, ₹ crore
- ✓ Return on assets improved: 53.19 — change in ROA, percentage points
- ✗ Long-term borrowings to assets fell: 0 — no long-term borrowings in either year; the paper scores no decrease as 0
- ✓ Current ratio improved: 0.34 — change in current assets over current liabilities
- ✓ No new shares issued: 0 — change in share capital, %
- ✓ Gross margin improved: 0.95 — revenue less material cost over revenue, change in percentage points
- ✗ Asset turnover improved: -0.169 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹1,974 Cr (2026-03-31) · profit after tax ₹429 Cr (2025-03-31) · total assets ₹3,795 Cr (2026-03-31) · total assets ₹2,903 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
Source: Joseph Piotroski, "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers", Journal of Accounting Research, 2000
Altman Z-score: 10.53 · FY to 2026-03-31Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
- working capital / total assets: 0.17 × 1.2
- retained earnings / total assets: 0.634 × 1.4 — reserves and surplus as retained earnings
- EBIT / total assets: 0.626 × 3.3 — profit before tax plus finance cost
- market value of equity / total liabilities: 10.712 × 0.6 — market capitalisation over total assets less equity
- sales / total assets: 0.948 × 1
Inputs: total assets ₹3,795 Cr (2026-03-31) · current assets ₹1,787 Cr (2026-03-31) · current liabilities ₹1,143 Cr (2026-03-31) · reserves ₹2,406 Cr (2026-03-31) · total equity ₹2,452 Cr (2026-03-31) · profit before tax ₹2,365 Cr (2026-03-31) · finance cost ₹12 Cr (2026-03-31) · revenue ₹3,599 Cr (2026-03-31) · market capitalisation (today) ₹14,394 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: 2,291.28 ₹ per share · FY to 2026-03-31√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
- earnings per share: 433.42
- book value per share: 538.35 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 433.42 (2026-03-31) · owners' equity ₹2,452 Cr (2026-03-31) · paid-up capital ₹46 Cr (2026-03-31) · face value 10 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: 56.14 % of assets · FY to 2026-03-31(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹1,974 Cr (2026-03-31) · operating cash flow ₹93 Cr (2026-03-31) · total assets ₹3,795 Cr (2026-03-31) · total assets ₹2,903 Cr (2025-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.