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ACTION CONSTRUCTION EQUIPMENTS (ACE)

Producer Manufacturing · Trucks/Construction/Farm Machinery · figures to Nov '26

Divergence: price ahead of business (5 months)
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.84 / 100
Profitability 80Growth 73Balance sheet 100
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.40 / 100
Price 76Earnings 36FII/DII 10

Passes these screensQuality CompounderDebt-light & profitablePrice ahead of businessLittle growth priced inConsistent compounders

Compare withASHOK LEYLANDMAZAGON DOCK SHIPBUILDERSCOCHIN SHIPYARD

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,166.65 latest close · +17.9% over the last 90 sessions

₹1,000₹1,100₹1,200Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,000₹1,100₹1,200Jul 3Sep 4Nov 9

₹1,166.65 month-end · +17.5% over 12 months

₹800₹1,000₹1,200Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹800₹1,000₹1,200Nov '25May '26Nov '26

₹1,166.65 month-end · +39.2% over 3 years

₹750₹1,000₹1,250₹1,500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹750₹1,000₹1,250₹1,500Nov '23May '25Nov '26

₹1,166.65 month-end · +1227.2% since Jan '19

₹0₹500₹1,000₹1,500Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000₹1,500Jan '19Dec '22Nov '26

52-week range ₹745.10 to ₹1268.00 · 1-year volatility 35.3%

Was the rally earned?

+18%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 28.0x to 31.8x); per-share earnings added 4 points.
  • The share count barely moved.
Net profit growth: +3 pts. Points of the price return explained by net profit growing (or shrinking).+3 ptsNet profit growthP/E change: +14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+14 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +18%+18%Share priceNet profit growth: +3 pts. Points of the price return explained by net profit growing (or shrinking).+3ProfitP/E change: +14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+14P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +18%+18%Share price
Net profit growth+3 ptsNet profit rose about 3%, which lifts the price.
P/E change+14 ptsThe P/E rose from 28.0x to 31.8x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+39%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 111 points, but investors now pay less per rupee of profit (P/E 58.2x to 31.8x), which took 71 points back.
  • The share count barely moved.
Net profit growth: +110 pts. Points of the price return explained by net profit growing (or shrinking).+110 ptsNet profit growthP/E change: −71 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−71 ptsP/E changeShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1 ptsShare count changeShare price: +39%+39%Share priceNet profit growth: +110 pts. Points of the price return explained by net profit growing (or shrinking).+110ProfitP/E change: −71 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−71P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +39%+39%Share price
Net profit growth+110 ptsNet profit rose about 152%, which lifts the price.
P/E change-71 ptsThe P/E fell from 58.2x to 31.8x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+461%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 442 points to the rise, while the multiple moved less (P/E 29.6x to 31.8x).
  • The share count rose 5%.
Net profit growth: +454 pts. Points of the price return explained by net profit growing (or shrinking).+454 ptsNet profit growthP/E change: +20 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+20 ptsP/E changeShare count change: −12 pts. Points of the price return explained by the share count changing. More shares count against the price.−12 ptsShare count changeShare price: +461%+461%Share priceNet profit growth: +454 pts. Points of the price return explained by net profit growing (or shrinking).+454ProfitP/E change: +20 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+20P/EShare count change: −12 pts. Points of the price return explained by the share count changing. More shares count against the price.−12SharesShare price: +461%+461%Share price
Net profit growth+454 ptsNet profit rose about 446%, which lifts the price.
P/E change+20 ptsThe P/E rose from 29.6x to 31.8x, which lifts the price.
Share count change-12 ptsShare count rose 5%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with ASHOK LEYLAND

How rough has the ride been?

Maximum drawdown-72.9%recovered 2020-12
1-year volatility35.3%annualised
Beta vs sector index1.193-year daily, correlation 0.55
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−72.9% 0%−20%−40%−60%2020202220242026−72.9%
Largest drawdowns

-72.9% (2019-04 peak to 2020-04 low, recovered 2020-12)

-53.4% (2024-04 peak to 2026-03 low, not yet recovered)

-36.3% (2021-09 peak to 2022-05 low, recovered 2022-09)

Most recent volume spikes

2026-08-18: 5.5x the 50-day median, price +6.4% that day

2026-07-24: 8.3x the 50-day median, price +6.2% that day

2026-07-21: 23.2x the 50-day median, price +4.4% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

31.8xP/E todayWithin its usual range
Against its own history52nd percentile
CheapestMedian 31.6xDearest

Usual range 15.4x to 53.3x since 2019-01.

Against Producer Manufacturing31.8x vs 29.6x
This company
31.8x
Sector median
29.6x

8% above the Producer Manufacturing median.

7.2x39.9x72.7x105.4xJan '19Aug '20Mar '22Oct '23May '25Nov '267.2x39.9x72.7x105.4xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/B (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Producer Manufacturing is valued

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE90th▼ 5 pts vs a year ago
  • Op. margin70th▲ 6 pts vs a year ago
  • Revenue growth28th▼ 20 pts vs a year ago
  • EPS growth44th▼ 29 pts vs a year ago
  • Debt/equity ↓90thflat vs a year ago
  • Cash cycle ↓97thflat vs a year ago
  • P/E ↓46th▼ 12 pts vs a year ago
  • 12M momentum70th▲ 33 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~26%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 48.5x, a holder earning 12%/yr needs earnings to grow about 25.6%/yr for 10 years, then trade at 15x.

Delivered37.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−11.4 ptsimplied minus delivered
Rank717thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

0%39%77% Jan 2019Nov 2026 0%39%77% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x27.2%28.4%29.5%
15x24.5%25.6%26.7%
20x21.0%22.1%23.2%

Drag a slider to test other assumptions

Implied: 25.6%/yr

Looking back

  • Jan 2020Price implied 21%/yr; EPS has since grown 32%/yr (7.0 yrs)
  • Jan 2021Price implied 23%/yr; EPS has since grown 40%/yr (6.0 yrs)
  • Jan 2022Price implied 26%/yr; EPS has since grown 38%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹1166.65
P/E
31.8x
ROCE
32.0%
Market Cap
₹13888 cr
Revenue (TTM)
₹3414 cr
P/S
4.1x
P/B
6.9x
ROE
21.7%
Operating Margin
15.0%
Debt / Equity
0.0x
Promoter Holding
65.4%
12M Momentum
17.5%

52-week range

₹745.10₹1268.00
81% of the way from its 52-week low to its high

Price risk

1Y volatility
35.3%
Beta vs sector
1-year daily
0.99

Balance sheet & cash

Interest cover
operating profit ÷ interest
31.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.10x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance19%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 19.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.10xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.10x (cash from operations ₹1,262 cr, net profit ₹1,152 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+3 daysWithin range

Debtor days are above the median of the previous three fiscal years by 3 days (32 vs 29). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress6% of fixed assetsWithin range

Capital work-in-progress is 6% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+27 days / 2 yrsWithin range

Days payable changed by +27 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, promoters trimmed 1.3 pts; FIIs trimmed 1.1 pts.
  • The number of shareholders rose from 1.0 lakh to 1.8 lakh (+76%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters66.8%65.4%-1.3 pts
FIIs9.0%7.8%-1.1 pts
DIIs2.8%2.6%-0.2 pts
Public and others21.5%24.1%+2.6 pts

Number of shareholders

1.8 lakhshareholders+76% since Sep '23
1.0L1.3L1.6L1.8L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.0 lakh
Dec '23: 1.1 lakh
Mar '24: 1.3 lakh
Jun '24: 1.7 lakh
Sep '24: 1.8 lakh
Dec '24: 1.6 lakh
Mar '25: 1.7 lakh
Jun '25: 1.7 lakh
Sep '25: 1.8 lakh
Dec '25: 1.8 lakh
Mar '26: 1.8 lakh
Jun '26: 1.8 lakh
 1.0L1.3L1.6L1.8L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.0 lakh
Dec '23: 1.1 lakh
Mar '24: 1.3 lakh
Jun '24: 1.7 lakh
Sep '24: 1.8 lakh
Dec '24: 1.6 lakh
Mar '25: 1.7 lakh
Jun '25: 1.7 lakh
Sep '25: 1.8 lakh
Dec '25: 1.8 lakh
Mar '26: 1.8 lakh
Jun '26: 1.8 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−8.2%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like ACTION CONSTRUCTION EQUIPMENTS today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −25% to +14% vs the market, against +1% for all non-financial companies in the same months.
  • The gap against the base rate (−9.3%, 80% range −17.3% to +3.5%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
VEEDOL · Jun 2021: −58.5% vs market
ARE&M · Oct 2020: −44.4% vs market
JYOTHYLAB · Sep 2024: −38.8% vs market
ZENSARTECH · Feb 2025: −35.2% vs market
RITES · Jan 2024: −35.1% vs market
SUMICHEM · Dec 2022: −34.8% vs market
BDL · Jun 2020: −34.3% vs market
HEROMOTOCO · Jul 2020: −34.0% vs market
AHLUCONT · Jan 2020: −33.2% vs market
DHANUKA · May 2025: −32.8% vs market
PGHL · Mar 2023: −32.4% vs market
3MINDIA · Dec 2023: −30.7% vs market
ACCELYA · Nov 2022: −25.4% vs market
ROLEXRINGS · Jun 2023: −23.4% vs market
BHARATRAS · Jun 2021: −22.9% vs market
STYLAMIND · Nov 2024: −21.1% vs market
MOIL · Apr 2020: −20.2% vs market
ESCORTS · Oct 2020: −18.2% vs market
OFSS · May 2020: −17.5% vs market
SWARAJENG · Jul 2020: −14.7% vs market
FINEORG · Jul 2025: −13.8% vs market
SHANTIGEAR · Aug 2025: −12.8% vs market
FINPIPE · Mar 2020: −9.9% vs market
EMAMILTD · Dec 2023: −9.4% vs market
KENNAMET · Oct 2022: −8.9% vs market
RATNAMANI · Nov 2020: −7.4% vs market
SKFINDIA · Sep 2022: −6.5% vs market
VESUVIUS · Mar 2025: −1.8% vs market
GARFIBRES · Jan 2021: +3.9% vs market
LTTS · Jun 2021: +4.3% vs market
RHIM · Apr 2022: +7.0% vs market
CARBORUNIV · May 2021: +11.4% vs market
CUMMINSIND · Aug 2021: +11.4% vs market
KEI · Sep 2023: +11.6% vs market
TDPOWERSYS · Jan 2024: +12.5% vs market
SUPREMEIND · Mar 2023: +13.3% vs market
AJANTPHARM · Apr 2023: +14.2% vs market
ATUL · Jul 2020: +14.3% vs market
BEL · Aug 2022: +19.1% vs market
JBCHEPHARM · May 2023: +20.3% vs market
POLYCAB · Jun 2023: +29.5% vs market
BASF · Apr 2020: +32.4% vs market
ADVENZYMES · Mar 2020: +34.6% vs market
KSB · Jul 2023: +43.5% vs market
TRITURBINE · Sep 2021: +46.8% vs market
INGERRAND · Feb 2022: +63.3% vs market
PERSISTENT · Jan 2020: +82.6% vs market
NEWGEN · May 2023: +99.6% vs market
BAJAJCON · Sep 2025: +108.0% vs market
HAL · May 2023: +122.3% vs market
Similar setups −8.2%All companies +1.1%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge

Similar setups' median
−8.2%
All companies' median
+1.1%
Beat the market
44% vs 51%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SUPREMEIND
Producer Manufacturing		 Mar 2023 33x35% +23%−9% +13%
PGHL
Health Technology		 Mar 2023 39x38% +17%−8% −32%
VEEDOL
Process Industries		 Jun 2021 31x26% +205%−1% −59%
INGERRAND
Producer Manufacturing		 Feb 2022 58x26% +79%−11% +63%
VESUVIUS
Non-Energy Minerals		 Mar 2025 35x25% +37%−23% −2%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SWARAJENG
Producer Manufacturing		 Jul 2020 22x39% +30%−12% −15%
ARE&M
Producer Manufacturing		 Oct 2020 20x23% +12%−5% −44%
SUMICHEM
Process Industries		 Dec 2022 58x33% +27%−8% −35%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, P/S and 12-month momentum. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to ACTION CONSTRUCTION EQUIPMENTS. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

KINGFA SCIENCE & TECH (I)KINGFA
Process Industries
82%similar
EPS growthrevenue growth
VESUVIUS INDIAVESUVIUS
Non-Energy Minerals
73%similar
revenue growthdebt/equity
NBCC (INDIA)NBCC
Commercial Services
67%similar
EPS growthROCE
AJANTA PHARMAAJANTPHARM
Health Technology
63%similar
ROCErevenue growth
CAPLIN POINT LABORATORIESCAPLIPOINT
Health Technology
60%similar
revenue growthvolatility
TRIVENI TURBINETRITURBINE
Producer Manufacturing
68%similar
ROCEmarket cap
FIEM INDUSTRIESFIEMIND
Producer Manufacturing
65%similar
revenue growthROCE
POLYCAB INDIAPOLYCAB
Producer Manufacturing
63%similar
ROCEEPS growth

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Jun '22

  1. SepResultsRevenue (TTM) reached a new high of ₹3,414 cr.
  2. JulPriceVolume reached 23.2x its 50-day median on 2026-07-21; price +4.4% that day.
  3. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  4. MayPriceVolume reached 20.1x its 50-day median on 2026-05-08; price +4.6% that day.
  5. MarPriceFell 53% from the Apr 2024 peak to the Mar 2026 low.
  6. FebPriceVolume reached 5.1x its 50-day median on 2026-02-01; price +4.4% that day.
  7. DecPriceVolume reached 12.7x its 50-day median on 2025-12-15; price +6.7% that day.
  8. SepPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
Show 22 earlier events
  1. AugPriceVolume reached 60.9x its 50-day median on 2025-08-25; price +9.7% that day.
  2. JunPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  3. MayPriceVolume reached 10.1x its 50-day median on 2025-05-26; price +4.9% that day.
  4. MarPriceVolume reached 8.1x its 50-day median on 2025-03-03; price -2.3% that day.
  5. DecPriceVolume reached 9.7x its 50-day median on 2024-12-18; price +3.4% that day.
  6. SepPriceVolume reached 6.4x its 50-day median on 2024-09-20; price +5.4% that day.
  7. JunResultsRevenue (TTM) reached a new high of ₹2,914 cr.
  8. AprPriceRegained the 2024-03 peak, 1 month after the low.
  9. AprPriceVolume reached 5.9x its 50-day median on 2024-04-01; price +12.6% that day.
  10. MarPriceFell 28% from the Mar 2024 peak to the Mar 2024 low.
  11. FebPriceVolume reached 11.5x its 50-day median on 2024-02-07; price +12.8% that day.
  12. OctPriceVolume reached 5.5x its 50-day median on 2023-10-31; price +8.4% that day.
  13. JulValuationP/E crossed above the 90th percentile of its own history to date (50.1x).
  14. JulPriceVolume reached 16.0x its 50-day median on 2023-07-06; price +9.4% that day.
  15. JunResultsRevenue (TTM) reached a new high of ₹2,160 cr.
  16. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  17. FebPriceVolume reached 7.3x its 50-day median on 2023-02-07; price +7.0% that day.
  18. NovPriceVolume reached 8.8x its 50-day median on 2022-11-04; price +9.7% that day.
  19. OctValuationP/E crossed above the 90th percentile of its own history to date (35.0x).
  20. SepPriceRegained the 2021-09 peak, 4 months after the low.
  21. SepPriceVolume reached 39.7x its 50-day median on 2022-09-02; price +8.7% that day.
  22. JunResultsRevenue (TTM) reached a new high of ₹1,630 cr.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1131.8x₹3414 cr21.7%32.0%0.0x
2026-1027.1x₹3414 cr21.7%32.0%0.0x
2026-0933.6x₹3414 cr21.7%32.0%0.0x
2026-0831.9x₹3280 cr20.6%32.0%0.0x
2026-0730.7x₹3280 cr20.6%32.0%0.0x
2026-0629.4x₹3280 cr20.6%32.0%0.0x
2026-0524.9x₹3212 cr26.2%40.0%0.0x
2026-0425.0x₹3212 cr26.2%40.0%0.0x
2026-0321.1x₹3212 cr26.2%40.0%0.0x
2026-0225.2x₹3232 cr25.9%40.0%0.0x
2026-0124.2x₹3232 cr25.9%40.0%0.0x
2025-1227.0x₹3232 cr25.9%40.0%0.0x
2025-1128.0x₹3245 cr26.3%40.0%0.0x
2025-1031.0x₹3245 cr26.3%40.0%0.0x
2025-0930.2x₹3245 cr26.3%40.0%0.0x
2025-0830.7x₹3327 cr25.4%40.0%0.0x
2025-0733.0x₹3327 cr25.4%40.0%0.0x
2025-0635.5x₹3327 cr25.4%40.0%0.0x
2025-0538.2x₹3202 cr31.6%42.0%0.0x
2025-0435.8x₹3202 cr31.6%42.0%0.0x
2025-0338.5x₹3202 cr31.6%42.0%0.0x
2025-0234.2x₹3080 cr29.7%42.0%0.0x
2025-0141.9x₹3080 cr29.7%42.0%0.0x
2024-1249.1x₹3080 cr29.7%42.0%0.0x
2024-1145.2x₹2996 cr28.0%42.0%0.0x
2024-1046.5x₹2996 cr28.0%42.0%0.0x
2024-0948.0x₹2996 cr28.0%42.0%0.0x
2024-0846.8x₹2914 cr26.7%42.0%0.0x
2024-0750.6x₹2914 cr26.7%42.0%0.0x
2024-0654.0x₹2914 cr26.7%42.0%0.0x
2024-0599.4x₹2160 cr18.8%26.0%0.0x
2024-04105.4x₹2160 cr18.8%26.0%0.0x
2024-0399.0x₹2160 cr18.8%26.0%0.0x
2024-0287.7x₹2160 cr18.8%26.0%0.0x
2024-0167.8x₹2160 cr18.8%26.0%0.0x
2023-1257.5x₹2160 cr18.8%26.0%0.0x
2023-1158.2x₹2160 cr18.8%26.0%0.0x
2023-1057.8x₹2160 cr18.8%26.0%0.0x
2023-0947.8x₹2160 cr18.8%26.0%0.0x
2023-0853.1x₹2160 cr18.8%26.0%0.0x
2023-0750.1x₹2160 cr18.8%26.0%0.0x
2023-0634.0x₹2160 cr18.8%26.0%0.0x
2023-0553.5x₹1630 cr13.9%21.0%0.0x
2023-0447.3x₹1630 cr13.9%21.0%0.0x
2023-0346.1x₹1630 cr13.9%21.0%0.0x
2023-0239.0x₹1630 cr13.9%21.0%0.0x
2023-0137.7x₹1630 cr13.9%21.0%0.0x
2022-1234.5x₹1630 cr13.9%21.0%0.0x
2022-1138.5x₹1630 cr13.9%21.0%0.0x
2022-1035.0x₹1630 cr13.9%21.0%0.0x
2022-0931.2x₹1630 cr13.9%21.0%0.0x
2022-0828.7x₹1630 cr13.9%21.0%0.0x
2022-0725.4x₹1630 cr13.9%21.0%0.0x
2022-0623.6x₹1630 cr13.9%21.0%0.0x
2022-0528.2x₹1227 cr15.3%21.0%0.1x
2022-0434.1x₹1227 cr15.3%21.0%0.1x
2022-0334.2x₹1227 cr15.3%21.0%0.1x
2022-0230.9x₹1227 cr15.3%21.0%0.1x
2022-0131.6x₹1227 cr15.3%21.0%0.1x
2021-1231.6x₹1227 cr15.3%21.0%0.1x

Older months are in the live observatory.

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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