Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Nurture Well Industries Ltd

531889
Diversified

Nurture Well Industries Ltd is cheap for a reason. The P/E sits at the 14th percentile of its own range, and the quarters are still getting worse.

The sharpest disagreement: the P/E sits at the 14th percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn.

The price is in a downtrend (7 weeks in) while the P/E sits at the 14th percentile of its own 3-year range. Underneath, the last four quarters read deteriorating — profit −105.2% year on year, and −8% of the last 3 years' profit arrived as cash. What settles it: whether the quarters turn before the discount closes.

Stage
Mixed
partial read
Price
₹25.1
+19.5% 1Y
P/E
8.4×
14th pctile
of its own 3-year range
Revenue (Mar 26)
₹200 Cr
−16.8% YoY
Profit (Mar 26)
₹−1.2 Cr
−105.2% YoY
Operating margin
0.2%
−9.1 pp YoY
ROCE
23%
FY26
Cash conversion
−8%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Nurture Well Industries Ltd trades at ₹25.1, in a downtrend and 7 weeks into that stage. That is −16.9% against its own 200-day average. It sits at 27% of a 52-week range of ₹18 to ₹44. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (14 weeks and counting).

Today the stock is in a downtrend — week 7 of stage 4, confirmed. At ₹25.1 it trades −16.9% versus its 200-day average and sits at 27% of its 52-week range (₹18–₹44).

Jul 26: ₹25.1 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−16.9% versus the 200-day line, week 7 of stage 4
Price50-day avg200-day avg
S2S4S2₹47.4₹35.3₹23.3₹11.2₹−0.9₹25₹30Jul 23Apr 24Jan 25Oct 25Jul 26
S2S4S2₹47.4₹35.3₹23.3₹11.2₹−0.9₹25₹30Jul 23Jan 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (324 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +27,800% while the NIFTY 500 moved +263% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (14 weeks and counting; last ahead the week of 2026-04-30) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 14th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Nurture Well Industries Ltd trades at 8.4× P/E, near the bottom of its own range — cheaper only 14% of the time. Its long-run median P/E is 11.5×, measured across 3.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 8.4× is near the bottom of its own range — cheaper only 14% of the time, against a long-run median of 11.5× measured over 3.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 8.4× vs a 11.5× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 3.2-year window; loss-period spikes above 35× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 14% of the time
P/EMedianEPS (TTM) (quarterly)
36.7×₹4.028.6×₹3.020.5×₹2.012.4×₹1.04.3×₹0.0×8.40×₹3Apr 23Jan 24Feb 25Nov 25Jul 26
36.7×₹4.028.6×₹3.020.5×₹2.012.4×₹1.04.3×₹0.0×8.40×₹3Apr 23Feb 25Jul 26
P/E
8.4×
14th percentile of 3y

Why the multiple sits where it does: over the past year annual EPS moved +18.5% against a +19.5% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 3y, of the +52.1%/yr price move, ~+174.3%/yr came from earnings growth and ~−122.2 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Nurture Well Industries Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 23.0% — the per-curve reads carry the story. The read is built from 9 quarters across 3 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
321%332%244%215%167%97%90%−20%13%−138%%%34%−105.2%10.3%Jun 23Sep 24Mar 26
321%332%244%215%167%97%90%−20%13%−138%%%34%−105.2%10.3%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
179%137%95%53%11%%23%FY23FY24FY26
179%137%95%53%11%%23%FY23FY24FY26
Revenue growth
Rolling over
latest +34.0% · span +34.0% to +2,216.4%
Profit growth
Falling
latest −105.2% · span −100.0% to +100.0%
ROCE
Falling
latest 23.0% · span 23.0%–167.7%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Growth, year by year: revenue +33.9% in FY26, profit +26.9% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
7,039%323%5,158%241%3,277%159%1,396%78%−485%−4.0%%%33.9%26.9%FY16FY21FY26
7,039%323%5,158%241%3,277%159%1,396%78%−485%−4.0%%%33.9%26.9%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+34.0%) with the last 8 annualized (+76.0%). Spikes shown pinned (▲).
revenue rolling over, profit rolling over
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
2,391%323%1,758%239%1,125%155%492%71%−141%−13%%%34%27%Jun 23Sep 24Mar 26
2,391%323%1,758%239%1,125%155%492%71%−141%−13%%%34%27%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+33.9%+489.8%
Profit+26.9%+339.7%
EPS+18.5%+174.0%
Share price+19.5%+52.1%+178.5%+80.1%
Revenue YoY (Mar 26)
−16.8%
latest quarter vs a year ago
Profit YoY (Mar 26)
−105.2%
latest quarter vs a year ago

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

45.2/100 — rank 11 of 20 in Diversified · 72% evidence confidence

Nurture Well Industries Ltd scores 45.2 out of 100 against the 20 companies it is compared with in Diversified, ranking 11. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 15.6 + 16 + 11.5 + 2.1 = 45.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Nurture Well Industries Ltd reported ₹200 Cr of revenue in the Mar 26 quarter, −16.8% year on year. The last full year, FY26, came in at ₹1,026 Cr. The last four reported quarters add to ₹1,026 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

Nurture Well Industries Ltd reported ₹200 Cr of revenue in the Mar 26 quarter, −16.8% year on year. The last full year, FY26, came in at ₹1,026 Cr. The last four reported quarters add to ₹1,026 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

FY26 revenue came in at ₹1,026 Cr (+33.9% on the year). The latest quarter (Mar 26) printed ₹200 Cr, −16.8% year on year.

FY26 revenue ₹1,026 Cr (+33.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
RevenueYoY growth
1.1k7,039%8315,158%5543,277%2771,396%0−485%₹ Cr%₹1,02633.9%FY16FY21FY26
1.1k7,039%8315,158%5543,277%2771,396%0−485%₹ Cr%₹1,02633.9%FY16FY21FY26
Mar 26: ₹200 Cr (−16.8% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
313671%235486%156302%78117%0−68%₹ Cr%₹200−16.8%Jun 23Sep 24Mar 26
313671%235486%156302%78117%0−68%₹ Cr%₹200−16.8%Jun 23Sep 24Mar 26

Acceleration check: trailing-twelve-month revenue grew +34.0% over the last 4 quarters against +76.0%/yr over the last 8 — rolling over; TTM profit +27.0% vs +84.3%/yr — rolling over.

→ Revenue slipped — did margins hold as it scaled? Next: 0.2% this quarter (−9.1 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Nurture Well Industries Ltd's operating margin is 0.2% in the Mar 26 quarter, −9.1 percentage points against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged −33.3% to 1,788.2%. The current quarter sits inside that band.

Nurture Well Industries Ltd's operating margin is 0.2% in the Mar 26 quarter, −9.1 percentage points against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged −33.3% to 1,788.2%. The current quarter sits inside that band.

The latest quarter's operating margin is 0.2%, −9.1 pp against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged −33.3%–1,788.2%.

🚨 Why the margin moved: operating margin went −9.1 pp year on year while gross margin went −7.7 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: 9.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 6-year window.
within a −33.3–1,788.2% band over 6 years
operating marginYoY change (pp)
1,934%286%1,406%−280%877%−846%349%−1,412%−179%−1,978%%%9%0%FY14FY23FY26
1,934%286%1,406%−280%877%−846%349%−1,412%−179%−1,978%%%9%0%FY14FY23FY26
Mar 26: 0.2% operating margin (−9.1 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
12%4.2%9.1%−0.9%5.8%−5.9%2.6%−11%−0.7%−16%%%0.2%−9.1%Jun 23Sep 24Mar 26
12%4.2%9.1%−0.9%5.8%−5.9%2.6%−11%−0.7%−16%%%0.2%−9.1%Jun 23Sep 24Mar 26

→ Margins slipped — did that reach the bottom line? Next: profit −105.2% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Nurture Well Industries Ltd posted a net loss of ₹1.2 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹85.0 Cr. That loss is 0.6% of the quarter's revenue. The same quarter a year earlier earned ₹22.7 Cr. 1 of the last 12 reported quarters were loss-making.

Nurture Well Industries Ltd posted a net loss of ₹1.2 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹85.0 Cr. That loss is 0.6% of the quarter's revenue. The same quarter a year earlier earned ₹22.7 Cr. 1 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹−1.2 Cr, −105.2% year on year. On the full year, FY26 printed ₹85.0 Cr (+26.9%).

FY26 profit ₹85.0 Cr (+26.9% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
922,590%671,902%421,213%17525%−8−163%₹ Cr%₹8526.9%FY16FY21FY26
922,590%671,902%421,213%17525%−8−163%₹ Cr%₹8526.9%FY16FY21FY26
Mar 26: ₹−1.2 Cr (−105.2% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
341,099%24775%15452%6129%−4−194%₹ Cr%₹−1−105.2%Jun 23Sep 24Mar 26
341,099%24775%15452%6129%−4−194%₹ Cr%₹−1−105.2%Jun 23Sep 24Mar 26

🚨 Why profit moved: revenue contributed −16.8% and the margin −9.1 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +45.3% vs revenue +40.3%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: −8% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −8% of Nurture Well Industries Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−22.0 Cr of operating cash against ₹85.0 Cr of profit. After ₹34.0 Cr of capital spending, ₹−56.0 Cr was left as free cash.

FY26: operating cash of ₹−22.0 Cr against reported profit of ₹85.0 Cr, leaving free cash of ₹−56.0 Cr after ₹34.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −8% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−22.0 Cr vs profit ₹85.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution. FY17 reflects an acquisition year — point shown clipped.
−8% of 3-year profit arrived as cash
Operating cashNet profitFree cash
10143−16−74−132₹ Cr₹−22₹85₹−56FY16FY21FY26
10143−16−74−132₹ Cr₹−22₹85₹−56FY16FY21FY26
FY26: CFO = −26% of profit (three-year rate −8%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
337%203%68%−67%−201%%−26%FY16FY21FY26
337%203%68%−67%−201%%−26%FY16FY21FY26

🚨 Why conversion sits at −8%: the cash cycle stretched 129 days between FY14 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 129 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 44-day cycle, in money terms.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Nurture Well Industries Ltd's cash conversion cycle runs 44 days in FY26, up from −85 days in FY14. Capital spending ran ₹112 Cr over the last 3 years. At FY26 sales of ₹1,026 Cr each day of that cycle holds about ₹2.8 Cr, so roughly ₹124 Cr sits inside the business at any moment.

FY26: debtors at 73 days, inventory at 6 days — roughly 0.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 44 days, looser than FY14's −85.

The full loop: cash goes out to suppliers and production on day 0; stock waits 6 days to sell; customers pay about 73 days after that; and suppliers themselves are paid at 36 days — netting out to the 44-day cycle.

In money terms: at FY26 sales of ₹1,026 Cr, each day of the cycle holds about ₹2.8 Cr — so the 44-day loop keeps roughly ₹124 Cr sitting inside the business at any moment.

FY26: a 44-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 6-year window.
+129 days vs FY14
Cash cycleInventory daysDebtor daysPayable days
87047173−325−724days44d6d73d36dFY14FY15FY23FY24FY26
87047173−325−724days44d6d73d36dFY14FY23FY26

On the investment side: capital spending of ₹112 Cr over the last 3 fiscal years against ₹8.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹4.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹34.0 Cr, work-in-progress ₹4.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
81593715−7₹ Cr₹34₹4FY16FY18FY21FY23FY26
81593715−7₹ Cr₹34₹4FY16FY21FY26

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 23%.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Nurture Well Industries Ltd earns a ROCE of 23% in FY26. That is up from a trough of −11% in FY14. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 8.3% net margin on 1.82× asset turns.

FY26 ROCE is 23%, recovered from a FY14 trough of −11% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 8.3% net margin × 1.82× asset turns × 1.52× balance-sheet leverage ≈ 23.0% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

FY26: ROCE 23% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY14's −11%
ROCEWACC
182%130%79%27%−25%%23%FY14FY17FY20FY23FY26
182%130%79%27%−25%%23%FY14FY20FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.09.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Nurture Well Industries Ltd carries ₹35.0 Cr of borrowings against ₹370 Cr of equity in FY26, a debt-to-equity of 0.09. Operating profit covers the interest bill 90×. Over 5 years borrowings went from ₹4.9 Cr to ₹35.0 Cr. Capital spending ran ₹112 Cr across the last 3 of those years.

FY26: borrowings of ₹35.0 Cr against equity of ₹370 Cr — a debt-to-equity of 0.09. Operating profit covers the interest bill 90×. Over 5 years borrowings went from ₹4.9 Cr to ₹35.0 Cr while capital spending ran ₹112 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹35.0 Cr at 0.09× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
388.6×280.9×19−6.9×9−14.7×0−22.5×₹ Cr×₹350.09×FY14FY17FY20FY23FY26
388.6×280.9×19−6.9×9−14.7×0−22.5×₹ Cr×₹350.09×FY14FY20FY26

→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 5.8 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 5.8 points of Nurture Well Industries Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 0.1% of the company. Promoters moved +2.3 points over the same window, to 53.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −5.8 points over 8 quarters to 0.1%; Promoters: +2.3 points over 8 quarters to 53.8%; Domestic institutions: +0.1 points over 8 quarters to 0.2%.

🚨 Why the register moved: foreign institutions drove it (−5.8 points), absorbed on the other side by promoters (+2.3 points) — distribution into the market’s bid.

Fiscal-year ends: promoters +1.5 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
58%43%27%11%−4.2%%53.8%0.2%0.1%45.9%Mar 24Mar 25Mar 26
58%43%27%11%−4.2%%53.8%0.2%0.1%45.9%Mar 24Mar 25Mar 26
Foreign institutions cut 5.8 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
76%56%35%15%−5.7%%53.8%0.1%0.2%46.0%Jun 23Dec 24Jun 26
76%56%35%15%−5.7%%53.8%0.1%0.2%46.0%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Nurture Well Industries Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Diversified Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Nurture Well Industries Ltd this page8.4×₹564 CrMixed
Grasim Industries Ltd42.0×₹2.1L CrMixed
Tube Investments of India Ltd81.0×₹53,560 CrTurning around
3M India Ltd65.4×₹40,008 CrMixed
Piramal Enterprises Ltd(Merged)49.0×₹25,483 CrNo read
Nava Ltd20.6×₹15,715 CrMixed
Swan Corp Ltd35.7×₹9,792 CrNo read
Swan Corp Ltd35.5×₹9,727 CrNo read
Indiabulls Limited14.7×₹7,112 CrNo read
Balmer Lawrie & Company Ltd10.8×₹2,986 CrTurning around
Bluspring Enterprises Ltd₹1,620 CrNo read
Texmaco Infrastructure & Holdings Ltd131.0×₹1,433 CrMixed
Andrew Yule & Company Ltd₹1,246 CrNo read
Arunis Abode Ltd62.5×₹1,077 CrNo read
BCL Industries Ltd9.2×₹1,055 CrMixed
Kalind Ltd37.9×₹1,032 CrNo read
Integrated Industries Ltd11.6×₹1,003 CrNo read
Bharat Global Developers Ltd291.0×₹933 CrNo read
Sobhagya Mercantile Ltd41.8×₹920 CrMixed
Sobhagya Mercantile Ltd25.7×₹615 CrMixed
Rossell India Ltd11.8×₹168 CrNo read
Kesar Enterprises Ltd₹47 CrNo read
12 · Frequently asked questions

Frequently asked questions

What is Nurture Well Industries Ltd's share price today?

Nurture Well Industries Ltd trades at ₹25.1, +19.5% over the past year. The company is valued at ₹564 Cr. The stock sits at 27% of its 52-week range of ₹18–₹44, −16.9% versus its 200-day average. On the tape, the price is in a downtrend, 7 weeks in. — as of 24 July 2026.

What were Nurture Well Industries Ltd's latest quarterly results?

Nurture Well Industries Ltd reported revenue of ₹200 Cr and a net loss of ₹1.2 Cr for the Mar 26 quarter. Revenue fell 16.8% and profit fell 105.2% year on year. Earnings per share were ₹−0.04. The operating margin was 0.2%, 9.1 pp lower than a year earlier. — as of 24 July 2026.

What is Nurture Well Industries Ltd's revenue?

Nurture Well Industries Ltd reported revenue of ₹200 Cr in the Mar 26 quarter, −16.8% year on year. For the full FY26 fiscal year, revenue was ₹1,026 Cr (+33.9%). — as of 24 July 2026.

What is Nurture Well Industries Ltd's profit?

Nurture Well Industries Ltd earned ₹−1.2 Cr of net profit in the Mar 26 quarter, −105.2% year on year. Full-year FY26 profit was ₹85.0 Cr. The operating margin ran 0.2% in the latest quarter. — as of 24 July 2026.

What is Nurture Well Industries Ltd's market cap?

Nurture Well Industries Ltd's market capitalisation is ₹564 Cr at a share price of ₹25.1. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Nurture Well Industries Ltd's P/E ratio?

Nurture Well Industries Ltd trades at a P/E of 8.4×, at the 14th percentile of its own 3-year range, against a long-run median of 11.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Nurture Well Industries Ltd pay a dividend?

No — Nurture Well Industries Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.

Is Nurture Well Industries Ltd overvalued?

On its own history, Nurture Well Industries Ltd looks cheap against its own history: its P/E of 8.4× has been cheaper only 14% of the time in 3 years (long-run median 11.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Nurture Well Industries Ltd growing?

Not right now — Nurture Well Industries Ltd's latest numbers are shrinking: latest-quarter revenue −16.8% year on year, profit −105.2%, and the margin −9.1 pp at 0.2%. The earnings engine currently reads: deteriorating — as of 24 July 2026.

How is Nurture Well Industries Ltd performing?

Nurture Well Industries Ltd is in a downtrend, 7 weeks in. Its latest quarter's revenue fell 16.8% and profit fell 105.2% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 14 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Nurture Well Industries Ltd in?

Mixed — no clean majority across the growth curves, ROCE slipping at 23.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +34.0% latest, profit growth −105.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Nurture Well Industries Ltd in an uptrend?

No — the price is in a downtrend (week 7 of stage 4), trading −16.9% versus its 200-day average and at 27% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Nurture Well Industries Ltd beating the market?

Not lately — on a trailing-13-week view Nurture Well Industries Ltd is currently behind the NIFTY 500 (14 weeks and counting; last ahead the week of 2026-04-30), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +27,800% against the NIFTY 500's +263% — ahead of the index over the full window. — as of 24 July 2026.

Will Nurture Well Industries Ltd's share price go up?

This page publishes no price forecast for Nurture Well Industries Ltd. What it measures instead: the share price is ₹25.1, the price is in a downtrend 7 weeks in. Its P/E of 8.4× sits at the 14th percentile of its own 3-year range. — as of 24 July 2026.

Who owns Nurture Well Industries Ltd?

Promoters hold 53.8% of Nurture Well Industries Ltd, foreign institutions 0.1%, domestic institutions 0.2% and the public 46.0% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 5.8 points over 8 quarters. — as of 24 July 2026.

Does Nurture Well Industries Ltd have too much debt?

No — Nurture Well Industries Ltd's debt-to-equity is 0.09, and operating profit covers the interest bill 90×. FY26 borrowings were ₹35.0 Cr against equity of ₹370 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is Nurture Well Industries Ltd's capex?

Nurture Well Industries Ltd spent ₹112 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹34.0 Cr, with ₹4.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Nurture Well Industries Ltd's cash flow?

Nurture Well Industries Ltd generated ₹−22.0 Cr of operating cash flow in FY26 and ₹−56.0 Cr of free cash flow after ₹34.0 Cr of capital spending. Reported profit that year was ₹85.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Nurture Well Industries Ltd's profit real cash?

Not fully — over the last 3 fiscal years, −8% of Nurture Well Industries Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−22.0 Cr against reported profit of ₹85.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.

Where is Nurture Well Industries Ltd in its business cycle?

Nurture Well Industries Ltd's FY26 operating margin was 9.0%, against a 6-year band of −33.3%–1,788.2%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 0.2%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Nurture Well Industries Ltd story?

The sharpest disagreement: the P/E sits at the 14th percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Nurture Well Industries Ltd a stock worth studying right now?

This is not investment advice. The machine read: Nurture Well Industries Ltd is cheap for a reason. The P/E sits at the 14th percentile of its own range, and the quarters are still getting worse. The sharpest open question: whether the quarters turn before the discount closes. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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