Yamuna Syndicate Ltd

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.

Yamuna Syndicate Ltd trades at ₹25,899, in a downtrend and 45 weeks into that stage. That is −15.2% against its own 200-day average. It sits at 5% of a 52-week range of ₹25,200 to ₹38,002. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (10 weeks and counting).

Today the stock is in a downtrend — week 45 of stage 4, confirmed. At ₹25,899 it trades −15.2% versus its 200-day average and sits at 5% of its 52-week range (₹25,200–₹38,002).

Against the market, two honest reads. Cumulative: over the last 8.0 years the stock moved +1,054% while the NIFTY 500 moved +142% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (10 weeks and counting; last ahead the week of 2026-06-04) — 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 97th percentile of its own range.

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.

Yamuna Syndicate Ltd trades at 15.4× P/E, at the pricey end of its own range (97th percentile). Its long-run median P/E is 5.9×, measured across 8.0 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 15.4× is at the pricey end of its own range (97th percentile), against a long-run median of 5.9× measured over 8.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved −54.9% against a −33.6% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +4.3%/yr price move, ~−14.8%/yr came from earnings growth and ~+19.1 pp from the multiple (expanding). 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 full 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.

Stage: No read 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).

Yamuna Syndicate Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 10 quarters across 3 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.

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.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

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

4-Factor Sector Score

30.3/100 — rank 2 of 3 in Retail - Departmental Stores · 76% evidence confidence

Yamuna Syndicate Ltd scores 30.3 out of 100 against the 3 companies it is compared with in Retail - Departmental Stores, ranking 2. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 11.2 + 11.1 + 8 + 0 = 30.3. 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.

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

Yamuna Syndicate Ltd reported ₹18.0 Cr of revenue in the Mar 26 quarter, +20.0% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 4.4% a year. The last full year, FY26, came in at ₹69.0 Cr. The last four reported quarters add to ₹69.0 Cr.

Yamuna Syndicate Ltd reported ₹18.0 Cr of revenue in the Mar 26 quarter, +20.0% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 4.4% a year. The last full year, FY26, came in at ₹69.0 Cr. The last four reported quarters add to ₹69.0 Cr.

FY26 revenue came in at ₹69.0 Cr (+6.2% on the year), capping 10 years at 4.4% compound. The latest quarter (Mar 26) printed ₹18.0 Cr, +20.0% year on year — the 2nd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +8.3% growth against the decade's 4.4% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +7.8% over the last 4 quarters against +3.8%/yr over the last 8 — accelerating; TTM profit −4.3% vs −5.4%/yr — stabilising.

→ Revenue grew — did margins hold as it scaled? Next: 3.0% this quarter (+1.0 pp YoY).

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.

Yamuna Syndicate Ltd's operating margin is 3.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 1.0% to 4.0%. The current quarter sits inside that band.

Yamuna Syndicate Ltd's operating margin is 3.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 1.0% to 4.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 3.0%, +1.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 1.0%–4.0%.

Why the margin moved: operating margin went +1.2 pp year on year while gross margin went +0.3 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

→ Margins held — did that reach the bottom line? Next: profit +3.0% in the latest quarter.

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

Yamuna Syndicate Ltd earned ₹34.0 Cr of net profit in the Mar 26 quarter. That quarter carries a one-off item larger than its own revenue, so the year-on-year figure is an artefact rather than a trading result. Full-year FY26 profit was ₹52.0 Cr. The 10-year compound rate is −0.6%. That is 188.9% of the quarter's revenue.

Yamuna Syndicate Ltd earned ₹34.0 Cr of net profit in the Mar 26 quarter. That quarter carries a one-off item larger than its own revenue, so the year-on-year figure is an artefact rather than a trading result. Full-year FY26 profit was ₹52.0 Cr. The 10-year compound rate is −0.6%. That is 188.9% of the quarter's revenue.

Mar 26 profit was ₹34.0 Cr, +3.0% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹52.0 Cr (−54.8%), and the 10-year compound rate is −0.6%.

🚨 Read this profit with care: at ₹34.0 Cr it is larger than the whole quarter's revenue of ₹18.0 Cr — no operating business earns more than it sells, so this is a one-off item (a debt-to-equity conversion, a tax write-back or an asset sale), not money the business earned. The underlying operations are running at 3.0% operating margin; the year-on-year jump and any P/E built on this number are artefacts of the one-off, not a real earnings turn.

→ Profit rose — but did the cash follow? Next: −6% of the last 3 years' profit arrived as cash.

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 −6% of Yamuna Syndicate Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−5.0 Cr of operating cash against ₹52.0 Cr of profit. After ₹0.0 Cr of capital spending, ₹−5.0 Cr was left as free cash.

FY26: operating cash of ₹−5.0 Cr against reported profit of ₹52.0 Cr, leaving free cash of ₹−5.0 Cr after ₹0.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −6% of profit.

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

🚨 Why conversion sits at −6%: the cash cycle stretched 23 days between FY21 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 23 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 60-day cycle, in money terms.

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).

Yamuna Syndicate Ltd's cash conversion cycle runs 60 days in FY26, up from 37 days in FY21. Capital spending ran ₹0.0 Cr over the last 3 years. At FY26 sales of ₹69.0 Cr each day of that cycle holds about ₹0.2 Cr, so roughly ₹11.0 Cr sits inside the business at any moment.

FY26: debtors at 27 days, inventory at 42 days — roughly 1.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 60 days, looser than FY21's 37.

The full loop: cash goes out to suppliers and production on day 0; stock waits 42 days to sell; customers pay about 27 days after that; and suppliers themselves are paid at 8 days — netting out to the 60-day cycle.

In money terms: at FY26 sales of ₹69.0 Cr, each day of the cycle holds about ₹0.2 Cr — so the 60-day loop keeps roughly ₹11.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹0.0 Cr over the last 3 fiscal years. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

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 4%.

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.

Yamuna Syndicate Ltd earns a ROCE of 4% in FY26. That is up from a trough of 0% in FY16. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 75.4% net margin on 0.05× asset turns.

FY26 ROCE is 4%, recovered from a FY16 trough of 0% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 75.4% net margin × 0.05× asset turns × 1.00× balance-sheet leverage ≈ 3.8% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.00.

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.

Yamuna Syndicate Ltd carries ₹0.0 Cr of borrowings against ₹1,290 Cr of equity in FY26, a debt-to-equity of 0.00. Over 5 years borrowings went from ₹0.0 Cr to ₹0.0 Cr. Capital spending ran ₹0.0 Cr across the last 3 of those years.

FY26: borrowings of ₹0.0 Cr against equity of ₹1,290 Cr — a debt-to-equity of 0.00. Over 5 years borrowings went from ₹0.0 Cr to ₹0.0 Cr while capital spending ran ₹0.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

→ Who owns this, and are they adding or leaving? Next: the register is quiet.

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.

No holder of Yamuna Syndicate Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.0 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +0.0 points over 8 quarters to 74.9%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.

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

Yamuna Syndicate 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.

Frequently asked questions