Pervasive Commodities 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.

Pervasive Commodities Ltd trades at ₹11.2, in a confirmed uptrend and 18 weeks into that stage. That is +184.3% against its own 200-day average. It sits at 100% of a 52-week range of ₹3 to ₹11. On relative strength it has no relative-strength read yet.

Today the stock is in a confirmed uptrend — week 18 of stage 2, confirmed. At ₹11.2 it trades +184.3% versus its 200-day average and sits at 100% of its 52-week range (₹3–₹11).

Against the market, two honest reads. Cumulative: over the last 4 months the stock moved +256% while the NIFTY 500 moved −2% — ahead of the index over the full window. Recent form: no trailing-13-week read yet — 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.

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.

Pervasive Commodities Ltd trades at 12.0× P/E, against too little history to rank. Its long-run median P/E is 12.0×. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 12.0× is against too little history to rank, against a long-run median of 12.0×. This is a comparison against the stock's own history — not a claim about what it is worth.

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

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).

Pervasive Commodities 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.

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.

4-Factor Sector Score

51.0/100 — rank 19 of 58 in Trading · 52% evidence confidence

Pervasive Commodities Ltd scores 51.0 out of 100 against the 58 companies it is compared with in Trading, ranking 19. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 16.6 + 14.4 + 10 + 10 = 51. 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.

Pervasive Commodities Ltd reported ₹0.5 Cr of revenue in the Jun 26 quarter, −86.6% year on year. Over 10 years it has compounded at 62.3% a year. The last full year, FY26, came in at ₹43.1 Cr. The last four reported quarters add to ₹39.9 Cr.

FY26 revenue came in at ₹43.1 Cr (+42.3% on the year), capping 10 years at 62.3% compound. The latest quarter (Jun 26) printed ₹0.5 Cr, −86.6% year on year.

Pace check: the last four quarters averaged +32.0% growth against the decade's 62.3% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +25.6% over the last 4 quarters against +312.9%/yr over the last 8 — rolling over.

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.

Pervasive Commodities Ltd's operating margin is −10.2% in the Jun 26 quarter, −6.1 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 10 fiscal years the operating margin has ranged −112.5% to 37.2%. The current quarter sits inside that band.

The latest quarter's operating margin is −10.2%, −6.1 pp against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged −112.5%–37.2%, and FY26's 37.2% is the top of that band — a record year.

🚨 Why the margin moved: operating margin went −6.1 pp year on year while gross margin went +32.3 pp — the loss came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

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

Pervasive Commodities Ltd earned ₹0.0 Cr of net profit in the Jun 26 quarter, −90.0% year on year. The full FY26 year was a loss of ₹0.04 Cr. That is 2.0% of the quarter's revenue. The same quarter a year earlier earned ₹0.1 Cr. 3 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹0.0 Cr, −90.0% year on year. On the full year, FY26 printed ₹−0.0 Cr (−144.4%).

🚨 Why profit moved: revenue contributed −86.6% and the margin −6.1 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −2,189.2% vs revenue +32.0%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

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 −11,813% of Pervasive Commodities Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−37.2 Cr of operating cash against ₹−0.0 Cr of profit. After ₹0.0 Cr of capital spending, ₹−37.0 Cr was left as free cash.

FY26: operating cash of ₹−37.2 Cr against reported profit of ₹−0.0 Cr, leaving free cash of ₹−37.0 Cr after ₹0.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −11,813% 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 −11,813%: the cash cycle stretched 696 days between FY19 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 696 days — the next section's job is to find where the cash is stuck.

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).

Pervasive Commodities Ltd's cash conversion cycle runs 696 days in FY26, up from 0 days in FY19. Capital spending ran ₹0.0 Cr over the last 3 years. At FY26 sales of ₹43.1 Cr each day of that cycle holds about ₹0.1 Cr, so roughly ₹82.0 Cr sits inside the business at any moment.

FY26: debtors at 311 days, inventory at 593 days — roughly 19.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 696 days, looser than FY19's 0.

The full loop: cash goes out to suppliers and production on day 0; stock waits 593 days to sell; customers pay about 311 days after that; and suppliers themselves are paid at 208 days — netting out to the 696-day cycle.

In money terms: at FY26 sales of ₹43.1 Cr, each day of the cycle holds about ₹0.1 Cr — so the 696-day loop keeps roughly ₹82.0 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.

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.

Pervasive Commodities Ltd earns a ROCE of 22% in FY26. That is up from a trough of −84% in FY15. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −0.1% net margin on 0.41× asset turns.

FY26 ROCE is 22%, recovered from a FY15 trough of −84% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): −0.1% net margin × 0.41× asset turns × 1.17× balance-sheet leverage ≈ 0.0% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

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.

Pervasive Commodities Ltd carries ₹0.3 Cr of borrowings against ₹90.0 Cr of equity in FY26, a debt-to-equity of 0.00. Operating profit covers the interest bill north of 100×. Over 5 years borrowings went from ₹0.0 Cr to ₹0.3 Cr. Capital spending ran ₹0.0 Cr across the last 3 of those years.

FY26: borrowings of ₹0.3 Cr against equity of ₹90.0 Cr — a debt-to-equity of 0.00. Operating profit covers the interest bill north of 100×. Over 5 years borrowings went from ₹0.0 Cr to ₹0.3 Cr while capital spending ran ₹0.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

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.

Promoters cut 57.3 points of Pervasive Commodities Ltd over 8 quarters, the biggest move on the register. That takes promoters to 0.1% of the company. Domestic institutions moved −9.1 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: −57.3 points over 8 quarters to 0.1%; Domestic institutions: −9.1 points over 8 quarters to 0.0%. Note the structure: promoters hold under 20% — this is a widely-held company where institutions, not a family, set the direction.

🚨 Why the register moved: promoters drove it (−57.3 points), alongside domestic institutions (−9.1 points) — distribution into the market’s bid.

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.

Pervasive Commodities 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