Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Jagatjit Industries Ltd

JAGAJITIND
Alcoholic Beverages

Jagatjit Industries Ltd is cheap for a reason. The P/E sits at the 33rd percentile of its own range, and the quarters are still getting worse.

The sharpest disagreement: the P/E sits at the 33rd percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn.

The price is in a downtrend (36 weeks in) while the P/E sits at the 33rd percentile of its own 5-year range. Underneath, the last four quarters read deteriorating, and 168% of the last 3 years' profit arrived as cash. What settles it: whether the quarters turn before the discount closes.

Price
₹129
−33.2% 1Y
P/E
60.1×
33rd pctile
of its own 5-year range
Revenue (Mar 26)
₹76.0 Cr
−33.9% YoY
Profit (Mar 26)
₹−17.0 Cr
Operating margin
−13.0%
−8.0 pp YoY
ROCE
10%
FY26
Cash conversion
168%
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.

Jagatjit Industries Ltd trades at ₹129, in a downtrend and 36 weeks into that stage. That is −11.5% against its own 200-day average. It sits at 5% of a 52-week range of ₹124 to ₹224. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (5 weeks and counting).

Today the stock is in a downtrend — week 36 of stage 4, confirmed. At ₹129 it trades −11.5% versus its 200-day average and sits at 5% of its 52-week range (₹124–₹224).

Jul 26: ₹129 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.
−11.5% versus the 200-day line, week 36 of stage 4
Price50-day avg200-day avg
S2S4S4₹307₹252₹197₹142₹87.0₹129₹145Jul 23May 24Feb 25Nov 25Jul 26
S2S4S4₹307₹252₹197₹142₹87.0₹129₹145Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (549 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
Feb 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +105% while the NIFTY 500 moved +282% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (5 weeks and counting; last ahead the week of 2026-07-01) — 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.

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.

Jagatjit Industries Ltd trades at 60.1× P/E, near the bottom of its own range — cheaper only 33% of the time. Its long-run median P/E is 67.0×, measured across 5.1 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 60.1× is near the bottom of its own range — cheaper only 33% of the time, against a long-run median of 67.0× measured over 5.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 60.1× vs a 67.0× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 5.1-year window; loss-period spikes above 201× 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 33% of the time
P/EMedianEPS (TTM) (quarterly)
214.8×₹4.6164.9×₹3.5115.0×₹2.365.1×₹1.215.2×₹0.0×60.00×₹2Jul 21Jun 22Nov 23Apr 25Jul 26
214.8×₹4.6164.9×₹3.5115.0×₹2.365.1×₹1.215.2×₹0.0×60.00×₹2Jul 21Nov 23Jul 26
P/E
60.1×
33rd percentile of 5y

The price move, decomposed: over 5y, of the +10.7%/yr price move, ~+16.9%/yr came from earnings growth and ~−6.2 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.

03 · Stage: No read

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).

Jagatjit Industries 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 8 quarters across 2 curves, on partial evidence.

Growth, year by year: revenue −48.4% in FY26 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
91%348%54%174%16%0.0%−21%−174%−59%−348%%%−48.4%−300%FY16FY21FY26
91%348%54%174%16%0.0%−21%−174%−59%−348%%%−48.4%−300%FY16FY21FY26
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 · revenue rolling over
RevenueProfitEPS
6.6%132%−8.2%16%−23%−100%−38%−216%−52%−332%%%−48.3%−300%−300%Jun 23Sep 24Mar 26
6.6%132%−8.2%16%−23%−100%−38%−216%−52%−332%%%−48.3%−300%−300%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
14%10%7.0%3.5%0.0%%10%FY23FY24FY26
14%10%7.0%3.5%0.0%%10%FY23FY24FY26
Revenue growth
Falling
latest −48.3% · span −48.3% to +2.5%
ROCE
Stuck low
latest 10.0% · span 1.0%–13.0%

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

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.

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−48.4%−20.6%−8.7%−9.5%
Profit+12.6%+14.9%
EPS+11.1%+14.8%
Share price−33.2%−6.5%+10.7%+5.5%
Revenue YoY (Mar 26)
−33.9%
latest quarter vs a year ago
Revenue 10y
−9.5%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

33.6/100 — rank 13 of 14 in Alcoholic Beverages · 58% evidence confidence

Jagatjit Industries Ltd scores 33.6 out of 100 against the 14 companies it is compared with in Alcoholic Beverages, ranking 13. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 14.5 + 5.1 + 9.4 + 4.6 = 33.6. 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.

Jagatjit Industries Ltd reported ₹76.0 Cr of revenue in the Mar 26 quarter, −33.9% year on year. Over 10 years it has compounded at −9.5% a year. The last full year, FY26, came in at ₹254 Cr. The last four reported quarters add to ₹254 Cr.

FY26 revenue came in at ₹254 Cr (−48.4% on the year), capping 10 years at −9.5% compound. The latest quarter (Mar 26) printed ₹76.0 Cr, −33.9% year on year.

FY26 revenue ₹254 Cr (−48.4% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
−9.5% a year over 10 years
RevenueYoY growth
74391%55754%37216%186−21%0−59%₹ Cr%₹254−48.4%FY16FY21FY26
74391%55754%37216%186−21%0−59%₹ Cr%₹254−48.4%FY16FY21FY26
Mar 26: ₹76.0 Cr (−33.9% 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
16231%1221.2%81−29%41−59%0−89%₹ Cr%₹76−33.9%Jun 23Sep 24Mar 26
16231%1221.2%81−29%41−59%0−89%₹ Cr%₹76−33.9%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged −48.1% growth against the decade's −9.5% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −48.3% over the last 4 quarters against −32.5%/yr over the last 8 — rolling over.

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.

Jagatjit Industries Ltd's operating margin is −13.0% in the Mar 26 quarter, −8.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −30.0% to 3.1%. The current quarter sits inside that band.

The latest quarter's operating margin is −13.0%, −8.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −30.0%–3.1%.

🚨 Why the margin moved: operating margin went −7.7 pp year on year while gross margin went +12.5 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: −19.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a −30.0–3.1% band over 13 years
operating marginYoY change (pp)
5.7%37%−3.9%22%−13%8.2%−23%−6.0%−33%−20%%%−19%−16.3%FY14FY20FY26
5.7%37%−3.9%22%−13%8.2%−23%−6.0%−33%−20%%%−19%−16.3%FY14FY20FY26
Mar 26: −13.0% operating margin (−8.0 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)
9.8%9.4%−13%−12%−35%−33%−58%−54%−80%−76%%%−13%−8%Jun 23Sep 24Mar 26
9.8%9.4%−13%−12%−35%−33%−58%−54%−80%−76%%%−13%−8%Jun 23Sep 24Mar 26
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.

Jagatjit Industries Ltd posted a net loss of ₹17.0 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹10.0 Cr. That loss is 22.4% of the quarter's revenue. The same quarter a year earlier lost ₹7.0 Cr. 7 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹−17.0 Cr, null year on year. On the full year, FY26 printed ₹10.0 Cr (null).

FY26 profit ₹10.0 Cr (null 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
2046%−16−70%−53−187%−90−303%−126−420%₹ Cr%₹10−387.5%FY16FY21FY26
2046%−16−70%−53−187%−90−303%−126−420%₹ Cr%₹10−387.5%FY16FY21FY26
Mar 26: ₹−17.0 Cr (null 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
71148%45−26%18−200%−9−374%−35−548%₹ Cr%₹−17−450%Jun 23Sep 24Mar 26
71148%45−26%18−200%−9−374%−35−548%₹ Cr%₹−17−450%Jun 23Sep 24Mar 26
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 168% of Jagatjit Industries Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹0.0 Cr of operating cash against ₹10.0 Cr of profit. After ₹−1.0 Cr of capital spending, ₹1.0 Cr was left as free cash.

FY26: operating cash of ₹0.0 Cr against reported profit of ₹10.0 Cr, leaving free cash of ₹1.0 Cr after ₹−1.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 168% of profit.

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

FY26: CFO ₹0.0 Cr vs profit ₹10.0 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. FY25 reflects an acquisition year — point shown clipped.
168% of 3-year profit arrived as cash
Operating cashNet profitFree cash
9023−43−110−177₹ Cr₹0₹10₹1FY16FY21FY26
9023−43−110−177₹ Cr₹0₹10₹1FY16FY21FY26
FY26: CFO = 0% of profit (three-year rate 168%) 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%
324%237%150%63%−24%%0%FY16FY21FY26
324%237%150%63%−24%%0%FY16FY21FY26

Why conversion sits at 168%: the cash cycle stretched 33 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 5.5× depreciation over three years, so the next section's job is to check what that build-out is buying.

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).

Jagatjit Industries Ltd's cash conversion cycle runs 9 days in FY26, up from −24 days in FY21. Capital spending ran ₹202 Cr over the last 3 years. At FY26 sales of ₹254 Cr each day of that cycle holds about ₹0.7 Cr, so roughly ₹6.0 Cr sits inside the business at any moment.

FY26: debtors at 44 days, inventory at 122 days — roughly 4.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 9 days, looser than FY21's −24.

The full loop: cash goes out to suppliers and production on day 0; stock waits 122 days to sell; customers pay about 44 days after that; and suppliers themselves are paid at 156 days — netting out to the 9-day cycle.

In money terms: at FY26 sales of ₹254 Cr, each day of the cycle holds about ₹0.7 Cr — so the 9-day loop keeps roughly ₹6.0 Cr sitting inside the business at any moment.

FY26: a 9-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+33 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
473310148−15−178days9d122d44d156dFY14FY17FY20FY23FY26
473310148−15−178days9d122d44d156dFY14FY20FY26

On the investment side: capital spending of ₹202 Cr over the last 3 fiscal years against ₹37.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹1.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹−1.0 Cr, work-in-progress ₹1.0 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
2081468523−39₹ Cr₹−1₹1FY16FY18FY21FY23FY26
2081468523−39₹ Cr₹−1₹1FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

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.

Jagatjit Industries Ltd earns a ROCE of 10% in FY26. That is up from a trough of −13% in FY17. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 3.9% net margin on 0.35× asset turns.

FY26 ROCE is 10%, recovered from a FY17 trough of −13% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 3.9% net margin × 0.35× asset turns × 11.41× balance-sheet leverage ≈ 15.6% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 10% 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 FY17's −13%
ROCEWACC
15%7.5%0.0%−7.5%−15%%10%FY14FY17FY20FY23FY26
15%7.5%0.0%−7.5%−15%%10%FY14FY20FY26
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.

Jagatjit Industries Ltd carries ₹363 Cr of borrowings against ₹63.0 Cr of equity in FY26, a debt-to-equity of 5.76. Operating profit covers the interest bill −1×. Over 5 years borrowings went from ₹217 Cr to ₹363 Cr. Capital spending ran ₹202 Cr across the last 3 of those years.

FY26: borrowings of ₹363 Cr against equity of ₹63.0 Cr — a debt-to-equity of 5.76. Operating profit covers the interest bill −1×. Over 5 years borrowings went from ₹217 Cr to ₹363 Cr while capital spending ran ₹202 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹363 Cr at 5.76× 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
4368.0×3276.1×2184.1×1092.1×00.1×₹ Cr×₹3635.76×FY14FY17FY20FY23FY26
4368.0×3276.1×2184.1×1092.1×00.1×₹ Cr×₹3635.76×FY14FY20FY26
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.

No holder of Jagatjit Industries Ltd moved a full percentage point over the last two years — the register is quiet. Foreign 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 87.3%; Foreign institutions: +0.0 points over 8 quarters to 0.0%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.

Fiscal-year ends: promoters −0.2 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
95%69%44%18%−7.0%%87.3%0%0.0%12.7%Mar 24Mar 25Mar 26
95%69%44%18%−7.0%%87.3%0%0.0%12.7%Mar 24Mar 25Mar 26
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
95%70%44%18%−7.0%%87.3%0%0.0%12.7%Jun 23Dec 24Jun 26
95%70%44%18%−7.0%%87.3%0%0.0%12.7%Jun 23Dec 24Jun 26
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.

Jagatjit 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.

14 · Related companies · Alcoholic Beverages
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Radico Khaitan LtdRADICO 78.6/100Favorable setup100% evidence LEADER 31.2/35 Revenue 19.3% · PAT 76.4% · OPM change 6 pp 100% evidence 20.6/25 ROCE 24.2% · OPM 21% 100% evidence 7.2/20 P/E 81.8× · PEG 1.91 100% evidence 19.6/20 RS sector 35.4% · RS bench 34.6% · 1Y 60.6%12 of 12 weeks ahead 100% evidence
Exact sum: 31.2 + 20.6 + 7.2 + 19.6 = 78.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2G M Breweries LtdGMBREW 69.3/100Favorable setup74% evidence ASLEEP 28.7/35 Revenue 21.3% · PAT 30% · OPM change 4 pp 95% evidence 15.6/25 ROCE 18% · OPM 23% 95% evidence 11.5/20 P/E 14.9× · PEG — 15% evidence 13.5/20 RS sector 37.3% · RS bench -7.1% · 1Y 25.4%0 of 10 weeks ahead 70% evidence
Exact sum: 28.7 + 15.6 + 11.5 + 13.5 = 69.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Piccadily Agro Industries LtdPICCADIL 64.3/100Mixed-positive evidence83% evidence TURNING 22.7/35 Revenue 26.8% · PAT 34% · OPM change -5 pp 88% evidence 16.3/25 ROCE 18% · OPM 21% 100% evidence 11.0/20 P/E 52.6× · PEG 1.75 65% evidence 14.3/20 RS sector 4.3% · RS bench 18.3% · 1Y 20.8%3 of 10 weeks ahead 70% evidence
Exact sum: 22.7 + 16.3 + 11 + 14.3 = 64.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4India Glycols LtdINDIAGLYCO 63.9/100Mixed-positive evidence96% evidence BREAKING OUT 20.1/35 Revenue 11.7% · PAT 26.8% · OPM change 0 pp 88% evidence 15.9/25 ROCE 12.4% · OPM 17% 100% evidence 12.3/20 P/E 26.3× · PEG 0.77 100% evidence 15.6/20 RS sector 17.8% · RS bench 17.1% · 1Y 32.9%9 of 12 weeks ahead 100% evidence
Exact sum: 20.1 + 15.9 + 12.3 + 15.6 = 63.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5United Spirits LtdUNITDSPR 60.0/100Mixed-positive evidence100% evidence BREAKING OUT 15.5/35 Revenue 3.1% · PAT 24.4% · OPM change -5 pp 100% evidence 18.7/25 ROCE 26.4% · OPM 16% 100% evidence 9.0/20 P/E 59.5× · PEG 3.12 100% evidence 16.8/20 RS sector 11% · RS bench 10.3% · 1Y 15.8%3 of 12 weeks ahead 100% evidence
Exact sum: 15.5 + 18.7 + 9 + 16.8 = 60 · Decision use: Price leads the evidence: RS versus the benchmark is 10.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6IFB Agro Industries LtdIFBAGRO 58.5/100Mixed-positive evidence74% evidence TURNING 28.1/35 Revenue 38.9% · PAT 90.3% · OPM change 1 pp 95% evidence 11.6/25 ROCE 12.7% · OPM 8% 95% evidence 11.3/20 P/E 15.4× · PEG — 15% evidence 7.5/20 RS sector -7% · RS bench -6.2% · 1Y 20.8%10 of 10 weeks ahead 70% evidence
Exact sum: 28.1 + 11.6 + 11.3 + 7.5 = 58.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Globus Spirits LtdGLOBUSSPR 50.0/100Mixed-positive evidence83% evidence ASLEEP 27.8/35 Revenue 7.9% · PAT 100% · OPM change 2 pp 100% evidence 8.6/25 ROCE 11.4% · OPM 10% 100% evidence 10.8/20 P/E 25.6× · PEG — 15% evidence 2.8/20 RS sector -11.5% · RS bench -12.4% · 1Y -29%0 of 12 weeks ahead 100% evidence
Exact sum: 27.8 + 8.6 + 10.8 + 2.8 = 50 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.5% and the one-year return is -29%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
8Allied Blenders & Distillers LtdABDL 48.4/100Mixed-negative evidence93% evidence LEADER 14.4/35 Revenue 8% · PAT -12.5% · OPM change 0 pp 100% evidence 14.4/25 ROCE 18.4% · OPM 12% 100% evidence 4.2/20 P/E 77.7× · PEG 4.13 65% evidence 15.4/20 RS sector 11.1% · RS bench 10.1% · 1Y 34.7%12 of 12 weeks ahead 100% evidence
Exact sum: 14.4 + 14.4 + 4.2 + 15.4 = 48.4 · Decision use: Price leads the evidence: RS versus the benchmark is 10.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9Associated Alcohols & Breweries LtdASALCBR 40.9/100Mixed-negative evidence81% evidence ASLEEP 9.2/35 Revenue -5.3% · PAT -4.6% · OPM change -3 pp 95% evidence 14.0/25 ROCE 18% · OPM 11% 95% evidence 13.3/20 P/E 18.5× · PEG — 50% evidence 4.4/20 RS sector -20.9% · RS bench -17% · 1Y -30.2%3 of 10 weeks ahead 70% evidence
Exact sum: 9.2 + 14 + 13.3 + 4.4 = 40.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10Tilaknagar Industries LtdTI 37.5/100Mixed-negative evidence85% evidence ASLEEP 9.3/35 Revenue 100% · PAT -80% · OPM change -7 pp 100% evidence 11.0/25 ROCE 11.8% · OPM 16% 80% evidence 8.3/20 P/E 50.9× · PEG — 50% evidence 8.9/20 RS sector 1.5% · RS bench 0.8% · 1Y -6.5%0 of 12 weeks ahead 100% evidence
Exact sum: 9.3 + 11 + 8.3 + 8.9 = 37.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Sula Vineyards LtdSULA 34.9/100Adverse evidence77% evidence ASLEEP 9.2/35 Revenue -4% · PAT -63.5% · OPM change -2.1 pp 83% evidence 11.3/25 ROCE 7.5% · OPM 20.6% 95% evidence 10.2/20 P/E 53.2× · PEG — 50% evidence 4.2/20 RS sector -29.5% · RS bench -16.4% · 1Y -41.8%0 of 10 weeks ahead 70% evidence
Exact sum: 9.2 + 11.3 + 10.2 + 4.2 = 34.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12United Breweries LtdUBL 34.2/100Adverse evidence79% evidence BASING 11.5/35 Revenue 3.6% · PAT -6.8% · OPM change -2 pp 88% evidence 6.3/25 ROCE 10.7% · OPM 6% 100% evidence 8.5/20 P/E 110× · PEG — 15% evidence 7.9/20 RS sector -11.4% · RS bench -12.2% · 1Y -30.2%0 of 12 weeks ahead 100% evidence
Exact sum: 11.5 + 6.3 + 8.5 + 7.9 = 34.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Jagatjit Industries Ltdthis pageJAGAJITIND 33.6/100Thin evidence · provisional58% evidence TURNING 14.5/35 Revenue -48.3% · PAT 100% · OPM change -8 pp 62% evidence 5.1/25 ROCE 10.5% · OPM -13% 76% evidence 9.4/20 P/E 60.1× · PEG — 15% evidence 4.6/20 RS sector -15.4% · RS bench -17.4% · 1Y -34.4%2 of 11 weeks ahead 70% evidence
Exact sum: 14.5 + 5.1 + 9.4 + 4.6 = 33.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14Som Distilleries & Breweries LtdSDBL 22.5/100Adverse evidence70% evidence ASLEEP 5.2/35 Revenue -14.8% · PAT -80% · OPM change -36 pp 83% evidence 5.6/25 ROCE 5.7% · OPM -24% 95% evidence 8.7/20 P/E 105× · PEG — 15% evidence 3.0/20 RS sector -36.3% · RS bench -28.9% · 1Y -54.3%2 of 10 weeks ahead 70% evidence
Exact sum: 5.2 + 5.6 + 8.7 + 3 = 22.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Jagatjit Industries Ltd's share price today?

Jagatjit Industries Ltd trades at ₹129, −33.2% over the past year. The company is valued at ₹601 Cr. The stock sits at 5% of its 52-week range of ₹124–₹224, −11.5% versus its 200-day average. On the tape, the price is in a downtrend, 36 weeks in. — as of 31 July 2026.

What were Jagatjit Industries Ltd's latest quarterly results?

Jagatjit Industries Ltd reported revenue of ₹76.0 Cr and a net loss of ₹17.0 Cr for the Mar 26 quarter. Earnings per share were ₹−3.57. The operating margin was −13.0%, 8.0 pp lower than a year earlier. — as of 31 July 2026.

What is Jagatjit Industries Ltd's revenue?

Jagatjit Industries Ltd reported revenue of ₹76.0 Cr in the Mar 26 quarter, −33.9% year on year. For the full FY26 fiscal year, revenue was ₹254 Cr (−48.4%). Over the last 10 years revenue compounded at −9.5% a year. — as of 31 July 2026.

What is Jagatjit Industries Ltd's profit?

Jagatjit Industries Ltd earned ₹−17.0 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹10.0 Cr. The operating margin ran −13.0% in the latest quarter. — as of 31 July 2026.

What is Jagatjit Industries Ltd's market cap?

Jagatjit Industries Ltd's market capitalisation is ₹601 Cr at a share price of ₹129. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Jagatjit Industries Ltd's P/E ratio?

Jagatjit Industries Ltd trades at a P/E of 60.1×, at the 33rd percentile of its own 5-year range, against a long-run median of 67.0×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Jagatjit Industries Ltd pay a dividend?

No — Jagatjit 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 31 July 2026.

Is Jagatjit Industries Ltd overvalued?

On its own history, Jagatjit Industries Ltd looks cheap against its own history: its P/E of 60.1× has been cheaper only 33% of the time in 5 years (long-run median 67.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

How is Jagatjit Industries Ltd performing?

Jagatjit Industries Ltd is in a downtrend, 36 weeks in. Against the NIFTY 500 it has been behind on a trailing-13-week view for 5 weeks. This describes what the data did, not a rating. — as of 31 July 2026.

Is Jagatjit Industries Ltd in an uptrend?

No — the price is in a downtrend (week 36 of stage 4), trading −11.5% versus its 200-day average and at 5% 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 31 July 2026.

Is Jagatjit Industries Ltd beating the market?

Not lately — on a trailing-13-week view Jagatjit Industries Ltd is currently behind the NIFTY 500 (5 weeks and counting; last ahead the week of 2026-07-01), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +105% against the NIFTY 500's +282% — behind the index over the full window. — as of 31 July 2026.

Will Jagatjit Industries Ltd's share price go up?

This page publishes no price forecast for Jagatjit Industries Ltd. What it measures instead: the share price is ₹129, the price is in a downtrend 36 weeks in. Its P/E of 60.1× sits at the 33rd percentile of its own 5-year range. — as of 31 July 2026.

Who owns Jagatjit Industries Ltd?

Promoters hold 87.3% of Jagatjit Industries Ltd, foreign institutions 0.0%, domestic institutions 0.0% and the public 12.7% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 31 July 2026.

Does Jagatjit Industries Ltd have too much debt?

It carries real leverage — Jagatjit Industries Ltd's debt-to-equity is 5.76, and operating profit covers the interest bill −1×. FY26 borrowings were ₹363 Cr against equity of ₹63.0 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.

What is Jagatjit Industries Ltd's capex?

Jagatjit Industries Ltd spent ₹202 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 ₹−1.0 Cr, with ₹1.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is Jagatjit Industries Ltd's cash flow?

Jagatjit Industries Ltd generated ₹0.0 Cr of operating cash flow in FY26 and ₹1.0 Cr of free cash flow after ₹−1.0 Cr of capital spending. Reported profit that year was ₹10.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is Jagatjit Industries Ltd's profit real cash?

Yes — over the last 3 fiscal years, 168% of Jagatjit Industries Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹0.0 Cr against reported profit of ₹10.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.

Where is Jagatjit Industries Ltd in its business cycle?

Jagatjit Industries Ltd's FY26 operating margin was −19.0%, against a 13-year band of −30.0%–3.1%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran −13.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Jagatjit Industries Ltd story?

The sharpest disagreement: the P/E sits at the 33rd 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 31 July 2026.

Is Jagatjit Industries Ltd a stock worth studying right now?

This is not investment advice. The machine read: Jagatjit Industries Ltd is cheap for a reason. The P/E sits at the 33rd 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 31 July 2026.

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