# Petrochem - Others — company-by-company sector analysis

> Petrochem - Others: Savita Oil Technologies Ltd owns the largest revenue base AND the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

Petrochem - Others has underperformed NIFTY 500 by 14.2% over 52 weeks and 23.3% over 13 weeks. 1 of 4 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself. Savita Oil Technologies Ltd leads with revenue of ₹4,363 crore, based on 4 of 4 comparable companies through Mar 2026.

### Is the Petrochem - Others sector outperforming NIFTY 500?

Petrochem - Others has underperformed NIFTY 500 by 14.2% over 52 weeks and 23.3% over 13 weeks. 1 of 4 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself.

### Which Petrochem - Others company is largest by revenue?

Savita Oil Technologies Ltd leads with revenue of ₹4,363 crore, based on 4 of 4 comparable companies through Mar 2026.

### Which Petrochem - Others company is growing fastest?

Savita Oil Technologies Ltd has the fastest current revenue growth at 14.4%, across 4 of 4 comparable companies.

### Which Petrochem - Others company has the strongest 4-Factor Sector Score?

Savita Oil Technologies Ltd ranks first at 74.3/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Petrochem - Others company has the least gross debt?

Savita Oil Technologies Ltd has the lowest comparable gross debt at ₹2 crore. Tamil Nadu Petro Products Ltd has the highest at ₹465 crore.

### Which Petrochem - Others company has the lowest comparable PEG?

Savita Oil Technologies Ltd has the lowest comparable Guarded PEG at 0.77, among 1 of 4 companies that pass the metric’s comparability rules.

### How much history does this Petrochem - Others comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Petrochem - Others has underperformed NIFTY 500 by 14.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 23.3%. 1 of 4 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Savita Oil Technologies Ltd is the strongest against the sector itself at +53.4%.

13-week sector return versus NIFTY 500: 23%
52-week sector return versus NIFTY 500: -14%
Stocks leading NIFTY: 1/4
Stocks leading sector: 2/4

Central tension: The central tension: current leadership is concentrated, so durability matters more than rank.

Companies: 4
Combined market value: ₹7.4K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Savita Oil Technologies Ltd (SOTL): 74/100 — Favorable setup; evidence 97%
   - Growth & earnings 26.1/35 | Capital efficiency 15.2/25 | Valuation 13.0/20 | Relative strength 20.0/20
   - Exact sum: 26.1 + 15.2 + 13 + 20 = 74.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Tamil Nadu Petro Products Ltd (TNPETRO): 60/100 — Mixed-positive evidence; evidence 78%
   - Growth & earnings 27.5/35 | Capital efficiency 10.4/25 | Valuation 8.8/20 | Relative strength 13.5/20
   - Exact sum: 27.5 + 10.4 + 8.8 + 13.5 = 60.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. DCW Ltd (DCW): 46/100 — Mixed-negative evidence; evidence 77%
   - Growth & earnings 23.7/35 | Capital efficiency 12.1/25 | Valuation 10.0/20 | Relative strength 0.0/20
   - Exact sum: 23.7 + 12.1 + 10 + 0 = 45.8
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -18.1% and the one-year return is -39.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
4. Agarwal Industrial Corporation Ltd (AGARIND): 31/100 — Adverse evidence; evidence 78%
   - Growth & earnings 9.1/35 | Capital efficiency 10.6/25 | Valuation 8.1/20 | Relative strength 3.0/20
   - Exact sum: 9.1 + 10.6 + 8.1 + 3 = 30.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Revenue Scale & Growth Durability

What the numbers say: Savita Oil Technologies Ltd is the scale leader at ₹4,363 crore, 103.5% ahead of DCW Ltd. Savita Oil Technologies Ltd's growth is 14.4% from a ₹4,363 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Savita Oil Technologies Ltd is the scale benchmark; Savita Oil Technologies Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Savita Oil Technologies Ltd's growth falls below Savita Oil Technologies Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Savita Oil Technologies Ltd · ₹4,363 crore | 103.5% versus #2 · DCW Ltd | 7/8 recent comparable periods | 4/4 companies · 62 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Savita Oil Technologies Ltd (SOTL): ₹4.4K Cr
2. DCW Ltd (DCW): ₹2.1K Cr
3. Agarwal Industrial Corporation Ltd (AGARIND): ₹1.7K Cr
4. Tamil Nadu Petro Products Ltd (TNPETRO): ₹1.5K Cr

### Revenue growth — fastest growers
1. Savita Oil Technologies Ltd (SOTL): 14%
2. DCW Ltd (DCW): 7.2%
3. Tamil Nadu Petro Products Ltd (TNPETRO): -20%
4. Agarwal Industrial Corporation Ltd (AGARIND): -31%

### 20-quarter Revenue history
- SOTL: Jun 2021 ₹606 Cr | Sep 2021 ₹690 Cr | Dec 2021 ₹767 Cr | Mar 2022 ₹828 Cr | Jun 2022 ₹901 Cr | Sep 2022 ₹865 Cr | Dec 2022 ₹909 Cr | Mar 2023 ₹956 Cr | Jun 2023 ₹920 Cr | Sep 2023 ₹889 Cr | Dec 2023 ₹958 Cr | Mar 2024 ₹973 Cr | Jun 2024 ₹956 Cr | Sep 2024 ₹907 Cr | Dec 2024 ₹945 Cr | Mar 2025 ₹1.0K Cr | Jun 2025 ₹989 Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.2K Cr
- DCW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹579 Cr | Mar 2023 ₹588 Cr | Jun 2023 ₹438 Cr | Sep 2023 ₹414 Cr | Dec 2023 ₹398 Cr | Mar 2024 ₹622 Cr | Jun 2024 ₹500 Cr | Sep 2024 ₹489 Cr | Dec 2024 ₹474 Cr | Mar 2025 ₹538 Cr | Jun 2025 ₹476 Cr | Sep 2025 ₹539 Cr | Dec 2025 ₹520 Cr | Mar 2026 ₹609 Cr
- TNPETRO: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹511 Cr | Mar 2023 ₹480 Cr | Jun 2023 ₹451 Cr | Sep 2023 ₹434 Cr | Dec 2023 ₹346 Cr | Mar 2024 ₹438 Cr | Jun 2024 ₹462 Cr | Sep 2024 ₹450 Cr | Dec 2024 ₹460 Cr | Mar 2025 ₹455 Cr | Jun 2025 ₹463 Cr | Sep 2025 ₹457 Cr | Dec 2025 ₹421 Cr | Mar 2026 ₹125 Cr
- AGARIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹552 Cr | Mar 2023 ₹660 Cr | Jun 2023 ₹629 Cr | Sep 2023 ₹232 Cr | Dec 2023 ₹488 Cr | Mar 2024 ₹776 Cr | Jun 2024 ₹708 Cr | Sep 2024 ₹326 Cr | Dec 2024 ₹542 Cr | Mar 2025 ₹823 Cr | Jun 2025 ₹594 Cr | Sep 2025 ₹245 Cr | Dec 2025 ₹408 Cr | Mar 2026 ₹405 Cr

### 20-quarter Revenue growth history
- SOTL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 49% | Sep 2022 25% | Dec 2022 19% | Mar 2023 15% | Jun 2023 2.1% | Sep 2023 2.8% | Dec 2023 5.4% | Mar 2024 1.8% | Jun 2024 3.9% | Sep 2024 2.0% | Dec 2024 -1.4% | Mar 2025 3.4% | Jun 2025 3.5% | Sep 2025 19% | Dec 2025 14% | Mar 2026 22%
- DCW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -31% | Mar 2024 5.8% | Jun 2024 14% | Sep 2024 18% | Dec 2024 19% | Mar 2025 -14% | Jun 2025 -4.8% | Sep 2025 10% | Dec 2025 9.7% | Mar 2026 13%
- TNPETRO: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -32% | Mar 2024 -8.8% | Jun 2024 2.4% | Sep 2024 3.6% | Dec 2024 33% | Mar 2025 3.9% | Jun 2025 0.2% | Sep 2025 1.7% | Dec 2025 -8.5% | Mar 2026 -73%
- AGARIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -12% | Mar 2024 18% | Jun 2024 13% | Sep 2024 41% | Dec 2024 11% | Mar 2025 6.1% | Jun 2025 -16% | Sep 2025 -25% | Dec 2025 -25% | Mar 2026 -51%

## Operating Economics & Margin Trend

What the numbers say: DCW Ltd leads opm at 11%; Tamil Nadu Petro Products Ltd leads margin change at +3.5 percentage points.

Investor read: DCW Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: DCW Ltd · 11% | 20% versus #2 · Tamil Nadu Petro Products Ltd | 4/8 recent comparable periods | 4/4 companies · 80 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. DCW Ltd (DCW): 11%
2. Tamil Nadu Petro Products Ltd (TNPETRO): 9.2%
3. Agarwal Industrial Corporation Ltd (AGARIND): 8.0%
4. Savita Oil Technologies Ltd (SOTL): 5.0%

### Margin change — fastest expanders
1. Tamil Nadu Petro Products Ltd (TNPETRO): +3.5 pp
2. Agarwal Industrial Corporation Ltd (AGARIND): +2.0 pp
3. DCW Ltd (DCW): +1.0 pp
4. Savita Oil Technologies Ltd (SOTL): 0.0 pp

### 20-quarter OPM history
- SOTL: Jun 2021 17% | Sep 2021 11% | Dec 2021 9.7% | Mar 2022 11% | Jun 2022 15% | Sep 2022 11% | Dec 2022 5.0% | Mar 2023 5.0% | Jun 2023 8.0% | Sep 2023 7.0% | Dec 2023 9.0% | Mar 2024 3.0% | Jun 2024 5.0% | Sep 2024 4.0% | Dec 2024 2.0% | Mar 2025 5.0% | Jun 2025 6.0% | Sep 2025 5.0% | Dec 2025 4.0% | Mar 2026 5.0%
- DCW: Jun 2021 11% | Sep 2021 14% | Dec 2021 14% | Mar 2022 14% | Jun 2022 16% | Sep 2022 15% | Dec 2022 18% | Mar 2023 17% | Jun 2023 12% | Sep 2023 10% | Dec 2023 5.0% | Mar 2024 10% | Jun 2024 9.0% | Sep 2024 7.0% | Dec 2024 12% | Mar 2025 10% | Jun 2025 11% | Sep 2025 11% | Dec 2025 9.0% | Mar 2026 11%
- TNPETRO: Jun 2021 17% | Sep 2021 14% | Dec 2021 15% | Mar 2022 8.8% | Jun 2022 7.0% | Sep 2022 7.0% | Dec 2022 6.0% | Mar 2023 2.8% | Jun 2023 4.5% | Sep 2023 4.6% | Dec 2023 5.8% | Mar 2024 2.7% | Jun 2024 2.5% | Sep 2024 1.6% | Dec 2024 4.0% | Mar 2025 5.7% | Jun 2025 10% | Sep 2025 9.0% | Dec 2025 7.4% | Mar 2026 9.2%
- AGARIND: Jun 2021 5.9% | Sep 2021 8.0% | Dec 2021 8.7% | Mar 2022 5.5% | Jun 2022 5.8% | Sep 2022 9.5% | Dec 2022 6.9% | Mar 2023 6.0% | Jun 2023 7.0% | Sep 2023 12% | Dec 2023 9.0% | Mar 2024 8.0% | Jun 2024 8.0% | Sep 2024 11% | Dec 2024 10% | Mar 2025 6.0% | Jun 2025 6.0% | Sep 2025 11% | Dec 2025 5.0% | Mar 2026 8.0%

### 20-quarter Margin change history
- SOTL: Jun 2021 +12.3 pp | Sep 2021 +0.7 pp | Dec 2021 −9.9 pp | Mar 2022 −9.3 pp | Jun 2022 −2.8 pp | Sep 2022 +0.1 pp | Dec 2022 −4.7 pp | Mar 2023 −6.0 pp | Jun 2023 −6.6 pp | Sep 2023 −4.0 pp | Dec 2023 +4.0 pp | Mar 2024 −2.0 pp | Jun 2024 −3.0 pp | Sep 2024 −3.0 pp | Dec 2024 −7.0 pp | Mar 2025 +2.0 pp | Jun 2025 +1.0 pp | Sep 2025 +1.0 pp | Dec 2025 +2.0 pp | Mar 2026 0.0 pp
- DCW: Jun 2021 −0.4 pp | Sep 2021 −0.8 pp | Dec 2021 −1.3 pp | Mar 2022 −1.4 pp | Jun 2022 +4.8 pp | Sep 2022 +1.3 pp | Dec 2022 +3.9 pp | Mar 2023 +3.0 pp | Jun 2023 −3.8 pp | Sep 2023 −5.2 pp | Dec 2023 −12.5 pp | Mar 2024 −7.0 pp | Jun 2024 −3.0 pp | Sep 2024 −3.0 pp | Dec 2024 +7.0 pp | Mar 2025 0.0 pp | Jun 2025 +2.0 pp | Sep 2025 +4.0 pp | Dec 2025 −3.0 pp | Mar 2026 +1.0 pp
- TNPETRO: Jun 2021 +6.9 pp | Sep 2021 +1.2 pp | Dec 2021 +3.1 pp | Mar 2022 −11.7 pp | Jun 2022 −10.0 pp | Sep 2022 −7.0 pp | Dec 2022 −8.9 pp | Mar 2023 −6.0 pp | Jun 2023 −2.5 pp | Sep 2023 −2.4 pp | Dec 2023 −0.2 pp | Mar 2024 −0.1 pp | Jun 2024 −2.0 pp | Sep 2024 −3.0 pp | Dec 2024 −1.7 pp | Mar 2025 +3.0 pp | Jun 2025 +7.7 pp | Sep 2025 +7.4 pp | Dec 2025 +3.4 pp | Mar 2026 +3.5 pp
- AGARIND: Jun 2021 +0.1 pp | Sep 2021 −1.8 pp | Dec 2021 −0.4 pp | Mar 2022 −2.3 pp | Jun 2022 −0.1 pp | Sep 2022 +1.5 pp | Dec 2022 −1.8 pp | Mar 2023 +0.5 pp | Jun 2023 +1.2 pp | Sep 2023 +2.5 pp | Dec 2023 +2.1 pp | Mar 2024 +2.0 pp | Jun 2024 +1.0 pp | Sep 2024 −1.0 pp | Dec 2024 +1.0 pp | Mar 2025 −2.0 pp | Jun 2025 −2.0 pp | Sep 2025 0.0 pp | Dec 2025 −5.0 pp | Mar 2026 +2.0 pp

## Profit Scale & Acceleration

What the numbers say: Savita Oil Technologies Ltd leads with ₹182 crore of TTM profit, 86.7% above Tamil Nadu Petro Products Ltd. Tamil Nadu Petro Products Ltd shows 67% growth from a ₹97 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Savita Oil Technologies Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Savita Oil Technologies Ltd · ₹182 crore | 86.7% versus #2 · Tamil Nadu Petro Products Ltd | 4/8 recent comparable periods | 4/4 companies · 62 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Savita Oil Technologies Ltd (SOTL): ₹182 Cr
2. Tamil Nadu Petro Products Ltd (TNPETRO): ₹98 Cr
3. DCW Ltd (DCW): ₹48 Cr
4. Agarwal Industrial Corporation Ltd (AGARIND): ₹44 Cr

### Profit growth — fastest growers
1. Tamil Nadu Petro Products Ltd (TNPETRO): 67%
2. Savita Oil Technologies Ltd (SOTL): 63%
3. DCW Ltd (DCW): 60%
4. Agarwal Industrial Corporation Ltd (AGARIND): -62%

### 20-quarter Net profit history
- SOTL: Jun 2021 ₹78 Cr | Sep 2021 ₹56 Cr | Dec 2021 ₹58 Cr | Mar 2022 ₹63 Cr | Jun 2022 ₹91 Cr | Sep 2022 ₹70 Cr | Dec 2022 ₹29 Cr | Mar 2023 ₹36 Cr | Jun 2023 ₹56 Cr | Sep 2023 ₹47 Cr | Dec 2023 ₹67 Cr | Mar 2024 ₹31 Cr | Jun 2024 ₹40 Cr | Sep 2024 ₹31 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹29 Cr | Jun 2025 ₹56 Cr | Sep 2025 ₹41 Cr | Dec 2025 ₹38 Cr | Mar 2026 ₹47 Cr
- DCW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹48 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹10 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹-12 Cr | Mar 2024 ₹15 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹13 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹11 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹18 Cr
- TNPETRO: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹26 Cr | Mar 2023 ₹11 Cr | Jun 2023 ₹15 Cr | Sep 2023 ₹18 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹15 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹27 Cr | Jun 2025 ₹35 Cr | Sep 2025 ₹34 Cr | Dec 2025 ₹20 Cr | Mar 2026 ₹8 Cr
- AGARIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹25 Cr | Mar 2023 ₹28 Cr | Jun 2023 ₹28 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹28 Cr | Mar 2024 ₹38 Cr | Jun 2024 ₹39 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹28 Cr | Mar 2025 ₹31 Cr | Jun 2025 ₹13 Cr | Sep 2025 ₹12 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹16 Cr

### 20-quarter Profit growth history
- SOTL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 17% | Sep 2022 25% | Dec 2022 -50% | Mar 2023 -43% | Jun 2023 -38% | Sep 2023 -33% | Dec 2023 131% | Mar 2024 -14% | Jun 2024 -29% | Sep 2024 -34% | Dec 2024 -82% | Mar 2025 -6.5% | Jun 2025 40% | Sep 2025 32% | Dec 2025 217% | Mar 2026 62%
- DCW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -125% | Mar 2024 -57% | Jun 2024 -30% | Sep 2024 -133% | Dec 2024 — | Mar 2025 -27% | Jun 2025 57% | Sep 2025 — | Dec 2025 -62% | Mar 2026 64%
- TNPETRO: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -83% | Mar 2024 9.6% | Jun 2024 -2.4% | Sep 2024 -74% | Dec 2024 158% | Mar 2025 119% | Jun 2025 134% | Sep 2025 625% | Dec 2025 70% | Mar 2026 -70%
- AGARIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 11% | Mar 2024 36% | Jun 2024 39% | Sep 2024 13% | Dec 2024 0.0% | Mar 2025 -18% | Jun 2025 -67% | Sep 2025 -33% | Dec 2025 -89% | Mar 2026 -48%

## Capacity Spending & Returns On It

What the numbers say: There is not enough comparable evidence to name a reliable capex leader.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/4 companies · 0 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders

### CAPEX intensity — highest reinvestment intensity

### 20-quarter CAPEX history

### 20-quarter CAPEX intensity history

## Debt Load & Balance-Sheet Headroom

What the numbers say: Savita Oil Technologies Ltd has the clearest covered balance-sheet capacity with ₹301 crore net cash and gross debt of ₹2 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Savita Oil Technologies Ltd · ₹2 crore | 99.3% versus #2 · DCW Ltd | 8/8 recent comparable periods | 4/4 companies · 77 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Savita Oil Technologies Ltd (SOTL): ₹2 Cr
2. DCW Ltd (DCW): ₹290 Cr
3. Agarwal Industrial Corporation Ltd (AGARIND): ₹341 Cr
4. Tamil Nadu Petro Products Ltd (TNPETRO): ₹465 Cr

### Net debt — lowest net debt
1. Savita Oil Technologies Ltd (SOTL): ₹-301 Cr
2. DCW Ltd (DCW): ₹85 Cr
3. Tamil Nadu Petro Products Ltd (TNPETRO): ₹121 Cr
4. Agarwal Industrial Corporation Ltd (AGARIND): ₹230 Cr

### 20-quarter Gross debt history
- SOTL: Jun 2021 ₹0 Cr | Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 ₹2 Cr
- DCW: Jun 2021 ₹588 Cr | Sep 2021 ₹602 Cr | Dec 2021 ₹602 Cr | Mar 2022 ₹556 Cr | Jun 2022 ₹556 Cr | Sep 2022 ₹548 Cr | Dec 2022 ₹548 Cr | Mar 2023 ₹508 Cr | Jun 2023 ₹508 Cr | Sep 2023 ₹488 Cr | Dec 2023 ₹488 Cr | Mar 2024 ₹439 Cr | Jun 2024 ₹439 Cr | Sep 2024 ₹456 Cr | Dec 2024 ₹456 Cr | Mar 2025 ₹427 Cr | Jun 2025 ₹427 Cr | Sep 2025 ₹380 Cr | Dec 2025 ₹380 Cr | Mar 2026 ₹290 Cr
- TNPETRO: Jun 2021 ₹52 Cr | Sep 2021 ₹68 Cr | Dec 2021 ₹68 Cr | Mar 2022 ₹56 Cr | Jun 2022 ₹56 Cr | Sep 2022 ₹27 Cr | Dec 2022 ₹27 Cr | Mar 2023 ₹76 Cr | Jun 2023 ₹76 Cr | Sep 2023 ₹28 Cr | Dec 2023 ₹28 Cr | Mar 2024 ₹18 Cr | Jun 2024 ₹18 Cr | Sep 2024 ₹58 Cr | Dec 2024 ₹58 Cr | Mar 2025 ₹135 Cr | Jun 2025 ₹135 Cr | Sep 2025 ₹324 Cr | Dec 2025 ₹324 Cr | Mar 2026 ₹465 Cr
- AGARIND: Jun 2021 ₹151 Cr | Sep 2021 ₹158 Cr | Dec 2021 ₹158 Cr | Mar 2022 ₹171 Cr | Jun 2022 ₹171 Cr | Sep 2022 ₹190 Cr | Dec 2022 ₹190 Cr | Mar 2023 ₹158 Cr | Jun 2023 ₹158 Cr | Sep 2023 ₹207 Cr | Dec 2023 ₹207 Cr | Mar 2024 ₹361 Cr | Jun 2024 ₹361 Cr | Sep 2024 ₹296 Cr | Dec 2024 ₹296 Cr | Mar 2025 ₹435 Cr | Jun 2025 ₹435 Cr | Sep 2025 ₹417 Cr | Dec 2025 ₹417 Cr | Mar 2026 ₹341 Cr

### 20-quarter Net debt history
- SOTL: Jun 2021 ₹-289 Cr | Sep 2021 — | Dec 2021 — | Mar 2022 ₹-449 Cr | Jun 2022 ₹-453 Cr | Sep 2022 ₹-194 Cr | Dec 2022 ₹-194 Cr | Mar 2023 ₹-278 Cr | Jun 2023 ₹-281 Cr | Sep 2023 ₹-348 Cr | Dec 2023 ₹-348 Cr | Mar 2024 ₹-303 Cr | Jun 2024 ₹-307 Cr | Sep 2024 ₹-215 Cr | Dec 2024 ₹-215 Cr | Mar 2025 ₹-230 Cr | Jun 2025 ₹-234 Cr | Sep 2025 — | Dec 2025 — | Mar 2026 ₹-301 Cr
- DCW: Jun 2021 ₹466 Cr | Sep 2021 ₹454 Cr | Dec 2021 ₹454 Cr | Mar 2022 ₹444 Cr | Jun 2022 ₹444 Cr | Sep 2022 ₹323 Cr | Dec 2022 ₹323 Cr | Mar 2023 ₹498 Cr | Jun 2023 ₹340 Cr | Sep 2023 ₹313 Cr | Dec 2023 ₹313 Cr | Mar 2024 ₹428 Cr | Jun 2024 ₹269 Cr | Sep 2024 ₹245 Cr | Dec 2024 ₹245 Cr | Mar 2025 ₹409 Cr | Jun 2025 ₹205 Cr | Sep 2025 ₹168 Cr | Dec 2025 ₹168 Cr | Mar 2026 ₹85 Cr
- TNPETRO: Jun 2021 ₹-250 Cr | Sep 2021 ₹-200 Cr | Dec 2021 ₹-200 Cr | Mar 2022 ₹-301 Cr | Jun 2022 ₹-311 Cr | Sep 2022 ₹-381 Cr | Dec 2022 ₹-381 Cr | Mar 2023 ₹-267 Cr | Jun 2023 ₹-297 Cr | Sep 2023 ₹-377 Cr | Dec 2023 ₹-377 Cr | Mar 2024 ₹-370 Cr | Jun 2024 ₹-404 Cr | Sep 2024 ₹-315 Cr | Dec 2024 ₹-315 Cr | Mar 2025 ₹-195 Cr | Jun 2025 ₹-231 Cr | Sep 2025 ₹34 Cr | Dec 2025 ₹34 Cr | Mar 2026 ₹121 Cr
- AGARIND: Jun 2021 ₹110 Cr | Sep 2021 ₹131 Cr | Dec 2021 ₹131 Cr | Mar 2022 ₹109 Cr | Jun 2022 ₹108 Cr | Sep 2022 ₹101 Cr | Dec 2022 ₹101 Cr | Mar 2023 ₹99 Cr | Jun 2023 ₹99 Cr | Sep 2023 ₹161 Cr | Dec 2023 ₹161 Cr | Mar 2024 ₹263 Cr | Jun 2024 ₹263 Cr | Sep 2024 ₹205 Cr | Dec 2024 ₹205 Cr | Mar 2025 ₹368 Cr | Jun 2025 ₹348 Cr | Sep 2025 ₹335 Cr | Dec 2025 ₹335 Cr | Mar 2026 ₹230 Cr

## Return On Capital Employed

What the numbers say: Savita Oil Technologies Ltd leads ROCE at 15.2%, 4.3 percentage points above Tamil Nadu Petro Products Ltd. Tamil Nadu Petro Products Ltd has the strongest latest improvement at +4.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Savita Oil Technologies Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Savita Oil Technologies Ltd · 15.2% | 39.4% versus #2 · Tamil Nadu Petro Products Ltd | 2/8 recent comparable periods | 4/4 companies · 61 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Savita Oil Technologies Ltd (SOTL): 15%
2. Tamil Nadu Petro Products Ltd (TNPETRO): 11%
3. DCW Ltd (DCW): 9.7%
4. Agarwal Industrial Corporation Ltd (AGARIND): 7.9%

### ROCE change — fastest improvers
1. Tamil Nadu Petro Products Ltd (TNPETRO): +4.8 pp
2. Savita Oil Technologies Ltd (SOTL): +1.9 pp
3. DCW Ltd (DCW): +1.8 pp
4. Agarwal Industrial Corporation Ltd (AGARIND): −11.0 pp

### 20-quarter ROCE history
- SOTL: Jun 2021 — | Sep 2021 35% | Dec 2021 — | Mar 2022 26% | Jun 2022 — | Sep 2022 27% | Dec 2022 — | Mar 2023 23% | Jun 2023 21% | Sep 2023 16% | Dec 2023 21% | Mar 2024 14% | Jun 2024 18% | Sep 2024 11% | Dec 2024 12% | Mar 2025 8.4% | Jun 2025 12% | Sep 2025 9.7% | Dec 2025 14% | Mar 2026 10%
- DCW: Jun 2021 — | Sep 2021 13% | Dec 2021 — | Mar 2022 18% | Jun 2022 — | Sep 2022 22% | Dec 2022 — | Mar 2023 23% | Jun 2023 — | Sep 2023 14% | Dec 2023 8.8% | Mar 2024 5.7% | Jun 2024 6.2% | Sep 2024 4.8% | Dec 2024 8.4% | Mar 2025 6.8% | Jun 2025 8.4% | Sep 2025 9.1% | Dec 2025 9.2% | Mar 2026 8.6%
- TNPETRO: Jun 2021 — | Sep 2021 31% | Dec 2021 — | Mar 2022 27% | Jun 2022 — | Sep 2022 19% | Dec 2022 — | Mar 2023 12% | Jun 2023 — | Sep 2023 7.4% | Dec 2023 7.9% | Mar 2024 5.8% | Jun 2024 7.7% | Sep 2024 3.1% | Dec 2024 6.8% | Mar 2025 3.5% | Jun 2025 11% | Sep 2025 9.0% | Dec 2025 16% | Mar 2026 8.3%
- AGARIND: Jun 2021 — | Sep 2021 25% | Dec 2021 — | Mar 2022 25% | Jun 2022 — | Sep 2022 23% | Dec 2022 — | Mar 2023 23% | Jun 2023 — | Sep 2023 23% | Dec 2023 27% | Mar 2024 21% | Jun 2024 28% | Sep 2024 23% | Dec 2024 27% | Mar 2025 19% | Jun 2025 18% | Sep 2025 15% | Dec 2025 14% | Mar 2026 8.0%

### 20-quarter ROCE change history
- SOTL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −7.4 pp | Dec 2022 — | Mar 2023 −3.1 pp | Jun 2023 — | Sep 2023 −11.6 pp | Dec 2023 — | Mar 2024 −9.3 pp | Jun 2024 −3.2 pp | Sep 2024 −4.8 pp | Dec 2024 −9.6 pp | Mar 2025 −5.5 pp | Jun 2025 −5.8 pp | Sep 2025 −1.1 pp | Dec 2025 +2.6 pp | Mar 2026 +1.9 pp
- DCW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +8.4 pp | Dec 2022 — | Mar 2023 +4.6 pp | Jun 2023 — | Sep 2023 −7.5 pp | Dec 2023 — | Mar 2024 −16.8 pp | Jun 2024 — | Sep 2024 −9.4 pp | Dec 2024 −0.4 pp | Mar 2025 +1.1 pp | Jun 2025 +2.2 pp | Sep 2025 +4.3 pp | Dec 2025 +0.8 pp | Mar 2026 +1.8 pp
- TNPETRO: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −12.2 pp | Dec 2022 — | Mar 2023 −15.0 pp | Jun 2023 — | Sep 2023 −11.4 pp | Dec 2023 — | Mar 2024 −6.3 pp | Jun 2024 — | Sep 2024 −4.3 pp | Dec 2024 −1.1 pp | Mar 2025 −2.3 pp | Jun 2025 +3.2 pp | Sep 2025 +5.9 pp | Dec 2025 +8.7 pp | Mar 2026 +4.8 pp
- AGARIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.8 pp | Dec 2022 — | Mar 2023 −1.6 pp | Jun 2023 — | Sep 2023 −0.3 pp | Dec 2023 — | Mar 2024 −2.4 pp | Jun 2024 — | Sep 2024 0.0 pp | Dec 2024 +0.3 pp | Mar 2025 −1.7 pp | Jun 2025 −9.4 pp | Sep 2025 −8.1 pp | Dec 2025 −13.4 pp | Mar 2026 −11.0 pp

## Valuation Against Growth & Quality

What the numbers say: Savita Oil Technologies Ltd has the lowest comparable Guarded PEG at 0.77×. Only 1 of 4 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Savita Oil Technologies Ltd · 0.77× | Not enough peers | 0/8 recent comparable periods | 1/4 companies · 3 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. Savita Oil Technologies Ltd (SOTL): 0.8

### P/E — lowest P/E
1. Tamil Nadu Petro Products Ltd (TNPETRO): 9.3
2. Agarwal Industrial Corporation Ltd (AGARIND): 16.4
3. Savita Oil Technologies Ltd (SOTL): 24.4
4. DCW Ltd (DCW): 28.3

### 20-quarter Guarded PEG history
- SOTL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 0.1 | Jun 2022 0.5 | Sep 2022 — | Dec 2022 — | Mar 2023 0.8 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —

### 20-quarter P/E history
- SOTL: Jun 2021 6.5 | Sep 2021 9.4 | Dec 2021 6.6 | Mar 2022 6.7 | Jun 2022 5.8 | Sep 2022 7.5 | Dec 2022 7.4 | Mar 2023 6.5 | Jun 2023 8.9 | Sep 2023 11.8 | Dec 2023 14.5 | Mar 2024 15.4 | Jun 2024 19.2 | Sep 2024 20.9 | Dec 2024 21.6 | Mar 2025 22.3 | Jun 2025 25.9 | Sep 2025 21.2 | Dec 2025 19.5 | Mar 2026 12.7
- DCW: Jun 2021 277.0 | Sep 2021 62.4 | Dec 2021 31.4 | Mar 2022 18.7 | Jun 2022 9.2 | Sep 2022 9.8 | Dec 2022 9.3 | Mar 2023 7.2 | Jun 2023 8.0 | Sep 2023 14.3 | Dec 2023 17.8 | Mar 2024 41.1 | Jun 2024 96.9 | Sep 2024 209.5 | Dec 2024 274.1 | Mar 2025 67.1 | Jun 2025 81.5 | Sep 2025 58.2 | Dec 2025 35.4 | Mar 2026 28.2
- TNPETRO: Jun 2021 14.7 | Sep 2021 7.1 | Dec 2021 5.8 | Mar 2022 4.8 | Jun 2022 4.5 | Sep 2022 6.0 | Dec 2022 6.3 | Mar 2023 6.0 | Jun 2023 7.5 | Sep 2023 10.3 | Dec 2023 12.8 | Mar 2024 11.3 | Jun 2024 13.6 | Sep 2024 14.7 | Dec 2024 16.1 | Mar 2025 16.0 | Jun 2025 19.4 | Sep 2025 13.1 | Dec 2025 9.4 | Mar 2026 6.7
- AGARIND: Jun 2021 7.8 | Sep 2021 6.2 | Dec 2021 8.0 | Mar 2022 11.2 | Jun 2022 8.9 | Sep 2022 12.0 | Dec 2022 9.9 | Mar 2023 9.2 | Jun 2023 10.2 | Sep 2023 13.9 | Dec 2023 14.2 | Mar 2024 12.0 | Jun 2024 15.8 | Sep 2024 14.4 | Dec 2024 15.7 | Mar 2025 11.8 | Jun 2025 12.7 | Sep 2025 15.5 | Dec 2025 13.2 | Mar 2026 9.7

## Enterprise Value & Book Value

What the numbers say: Tamil Nadu Petro Products Ltd leads both ev/ebitda at 4.2× and p/bv at 0.84×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Tamil Nadu Petro Products Ltd · 4.2× | 27.6% versus #2 · DCW Ltd | 0/8 recent comparable periods | 4/4 companies · 80 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. Tamil Nadu Petro Products Ltd (TNPETRO): 4.2
2. DCW Ltd (DCW): 5.8
3. Agarwal Industrial Corporation Ltd (AGARIND): 6.1
4. Savita Oil Technologies Ltd (SOTL): 7.4

### P/BV — lowest P/BV
1. Tamil Nadu Petro Products Ltd (TNPETRO): 0.8
2. Agarwal Industrial Corporation Ltd (AGARIND): 1.0
3. DCW Ltd (DCW): 1.3
4. Savita Oil Technologies Ltd (SOTL): 2.4

### 20-quarter EV/EBITDA history
- SOTL: Jun 2021 4.1 | Sep 2021 6.0 | Dec 2021 4.1 | Mar 2022 4.2 | Jun 2022 3.7 | Sep 2022 4.9 | Dec 2022 4.8 | Mar 2023 4.0 | Jun 2023 5.4 | Sep 2023 7.1 | Dec 2023 8.7 | Mar 2024 9.5 | Jun 2024 11.7 | Sep 2024 12.2 | Dec 2024 12.4 | Mar 2025 11.9 | Jun 2025 13.2 | Sep 2025 11.6 | Dec 2025 11.1 | Mar 2026 7.4
- DCW: Jun 2021 7.4 | Sep 2021 6.6 | Dec 2021 5.8 | Mar 2022 4.9 | Jun 2022 4.4 | Sep 2022 4.7 | Dec 2022 4.3 | Mar 2023 3.9 | Jun 2023 3.9 | Sep 2023 5.4 | Dec 2023 6.4 | Mar 2024 8.0 | Jun 2024 10.2 | Sep 2024 16.4 | Dec 2024 15.8 | Mar 2025 11.4 | Jun 2025 12.6 | Sep 2025 10.1 | Dec 2025 7.9 | Mar 2026 5.8
- TNPETRO: Jun 2021 7.0 | Sep 2021 3.5 | Dec 2021 3.0 | Mar 2022 2.5 | Jun 2022 2.0 | Sep 2022 2.2 | Dec 2022 2.1 | Mar 2023 1.9 | Jun 2023 2.6 | Sep 2023 4.0 | Dec 2023 4.5 | Mar 2024 3.0 | Jun 2024 5.1 | Sep 2024 4.2 | Dec 2024 4.6 | Mar 2025 3.7 | Jun 2025 5.0 | Sep 2025 5.6 | Dec 2025 5.8 | Mar 2026 4.2
- AGARIND: Jun 2021 6.1 | Sep 2021 5.1 | Dec 2021 7.1 | Mar 2022 8.8 | Jun 2022 7.0 | Sep 2022 8.7 | Dec 2022 7.7 | Mar 2023 7.0 | Jun 2023 7.4 | Sep 2023 9.8 | Dec 2023 10.2 | Mar 2024 8.7 | Jun 2024 10.4 | Sep 2024 10.3 | Dec 2024 10.6 | Mar 2025 7.8 | Jun 2025 8.3 | Sep 2025 9.0 | Dec 2025 8.0 | Mar 2026 6.1

### 20-quarter P/BV history
- SOTL: Jun 2021 1.8 | Sep 2021 2.1 | Dec 2021 1.5 | Mar 2022 1.5 | Jun 2022 1.2 | Sep 2022 1.5 | Dec 2022 1.5 | Mar 2023 1.3 | Jun 2023 1.6 | Sep 2023 1.6 | Dec 2023 1.6 | Mar 2024 2.1 | Jun 2024 2.7 | Sep 2024 2.4 | Dec 2024 2.2 | Mar 2025 1.6 | Jun 2025 1.8 | Sep 2025 1.6 | Dec 2025 1.6 | Mar 2026 1.2
- DCW: Jun 2021 1.6 | Sep 2021 1.6 | Dec 2021 1.6 | Mar 2022 1.5 | Jun 2022 1.3 | Sep 2022 1.5 | Dec 2022 1.6 | Mar 2023 1.4 | Jun 2023 1.4 | Sep 2023 1.6 | Dec 2023 1.6 | Mar 2024 1.5 | Jun 2024 1.6 | Sep 2024 2.8 | Dec 2024 2.6 | Mar 2025 2.2 | Jun 2025 2.4 | Sep 2025 2.0 | Dec 2025 1.7 | Mar 2026 1.1
- TNPETRO: Jun 2021 2.1 | Sep 2021 1.8 | Dec 2021 1.5 | Mar 2022 1.4 | Jun 2022 1.3 | Sep 2022 1.1 | Dec 2022 1.0 | Mar 2023 0.9 | Jun 2023 0.9 | Sep 2023 1.0 | Dec 2023 1.1 | Mar 2024 0.8 | Jun 2024 1.0 | Sep 2024 1.0 | Dec 2024 0.8 | Mar 2025 0.7 | Jun 2025 1.0 | Sep 2025 1.0 | Dec 2025 1.0 | Mar 2026 0.7
- AGARIND: Jun 2021 2.0 | Sep 2021 2.0 | Dec 2021 2.0 | Mar 2022 3.3 | Jun 2022 2.3 | Sep 2022 2.6 | Dec 2022 2.5 | Mar 2023 2.5 | Jun 2023 2.8 | Sep 2023 3.3 | Dec 2023 3.1 | Mar 2024 2.7 | Jun 2024 4.3 | Sep 2024 3.4 | Dec 2024 3.4 | Mar 2025 2.6 | Jun 2025 2.9 | Sep 2025 2.7 | Dec 2025 1.7 | Mar 2026 0.9

## Market action

Savita Oil Technologies Ltd has the strongest one-year price move in Petrochem - Others at +54.2%. It also leads on Mansfield relative strength against NIFTY at +58.6%. 1 of 4 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-07-24.

### Strongest one-year price performers
1. Savita Oil Technologies Ltd (SOTL): 54%
2. Tamil Nadu Petro Products Ltd (TNPETRO): -14%
3. DCW Ltd (DCW): -40%
4. Agarwal Industrial Corporation Ltd (AGARIND): -49%

### Strongest relative strength versus NIFTY 500
1. Savita Oil Technologies Ltd (SOTL): 59%
2. Tamil Nadu Petro Products Ltd (TNPETRO): -2.0%
3. DCW Ltd (DCW): -17%
4. Agarwal Industrial Corporation Ltd (AGARIND): -27%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

## Every company
- Savita Oil Technologies Ltd (SOTL) — market value ₹4.4K Cr; latest fundamentals Mar 2026
- DCW Ltd (DCW) — market value ₹1.4K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Tamil Nadu Petro Products Ltd (TNPETRO) — market value ₹855 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Agarwal Industrial Corporation Ltd (AGARIND) — market value ₹715 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures

## Source standing of each company

Cross-checked: 1. Unverified: 3. Withheld: 0. Graded companies: 4.

3 of 4 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | DCW | DCW Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | TNPETRO | Tamil Nadu Petro Products Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | AGARIND | Agarwal Industrial Corporation Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Mar 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Petrochem - Others index?

The Nifty Petrochem - Others index tracks India's listed Petrochem - Others companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Petrochem - Others sector rather than to its largest constituent. Figures are as of Mar 2026.

### Which are the best Petrochem - Others stocks in India?

Ranked by this page's four-factor score, Savita Oil Technologies Ltd places first among 4 listed Petrochem - Others companies, followed by Tamil Nadu Petro Products Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Petrochem - Others stocks are listed in India?

This comparison covers 4 listed Petrochem - Others companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

### Which Petrochem - Others company is the biggest?

Savita Oil Technologies Ltd is the largest, with trailing-twelve-month revenue of ₹4,363 crore, ahead of DCW Ltd at ₹2,144 crore. That covers 4 of 4 companies with comparable reporting through Mar 2026.

### Which Petrochem - Others company is growing fastest?

Savita Oil Technologies Ltd has the fastest revenue growth at 14.4% year on year, across 4 of 4 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Petrochem - Others company has the best profit margins?

DCW Ltd has the highest operating margin at 11%, from 4 of 4 comparable companies. Tamil Nadu Petro Products Ltd shows the biggest recent improvement, at +3.5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Petrochem - Others company makes the most profit?

Savita Oil Technologies Ltd earns the most, at ₹182 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Tamil Nadu Petro Products Ltd has the fastest profit growth at 67%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Petrochem - Others company earns the highest return on capital?

Savita Oil Technologies Ltd leads on return on capital employed at 15.2%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Petrochem - Others stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Savita Oil Technologies Ltd screens cheapest at 0.77×. Only 1 of 4 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Petrochem - Others company has the strongest balance sheet?

Savita Oil Technologies Ltd carries the lowest comparable gross debt at ₹2 crore, from 4 of 4 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Is the Petrochem - Others sector beating the market?

Petrochem - Others has underperformed NIFTY 500 by 14.2% over the last 52 weeks and 23.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Petrochem - Others stock has the strongest price momentum?

Savita Oil Technologies Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Petrochem - Others company scores highest for research priority?

Savita Oil Technologies Ltd scores 74.3 out of 100 with 97% evidence confidence, from 26.1 points on growth and earnings, 15.2 on capital efficiency, 13 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Petrochem - Others companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Petrochem - Others sector?

The 4 Petrochem - Others companies on this page carry ₹7,361 crore of combined market value. Savita Oil Technologies Ltd is the largest at ₹4,427 crore, about 60% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### How is the Petrochem - Others sector performing?

1 of the 4 covered Petrochem - Others companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 14.2% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/petrochem-others