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ADOR WELDING LIMITED (ADOR)

Producer Manufacturing · Miscellaneous Manufacturing · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.80 / 100
Profitability 66Growth 75Balance 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.60 / 100
Price 53Earnings 91FII/DII 37

Passes these screensCash RichDebt-light & profitableConsistent compounders

Compare withSUPREME INDUSTRIESASTRALGARDEN REACH SHIPBUILD ENG

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,447 latest close · +9.8% over the last 90 sessions

₹1,400₹1,600Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,400₹1,600Jul 3Sep 4Nov 9

₹1,447 month-end · +33.5% over 12 months

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

₹1,447 month-end · −6.0% over 3 years

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

₹1,447 month-end · +313.8% since Jan '19

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

52-week range ₹848.00 to ₹1766.40 · 1-year volatility 37.0%

Was the rally earned?

+34%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 127 points, but investors now pay less per rupee of profit (P/E 49.5x to 22.2x), which took 93 points back.
  • The share count rose 6%.
Net profit growth: +133 pts. Points of the price return explained by net profit growing (or shrinking).+133 ptsNet profit growthP/E change: −93 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−93 ptsP/E changeShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7 ptsShare count changeShare price: +34%+34%Share priceNet profit growth: +133 pts. Points of the price return explained by net profit growing (or shrinking).+133ProfitP/E change: −93 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−93P/EShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7SharesShare price: +34%+34%Share price
Net profit growth+133 ptsNet profit rose about 215%, which lifts the price.
P/E change-93 ptsThe P/E fell from 49.5x to 22.2x, which lowers the price.
Share count change-7 ptsShare count rose 6%, which lowers the price.
-6%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 66 points, but investors now pay less per rupee of profit (P/E 46.3x to 22.2x), which took 71 points back.
  • The share count rose 28%.
Net profit growth: +90 pts. Points of the price return explained by net profit growing (or shrinking).+90 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: −24 pts. Points of the price return explained by the share count changing. More shares count against the price.−24 ptsShare count changeShare price: −6%−6%Share priceNet profit growth: +90 pts. Points of the price return explained by net profit growing (or shrinking).+90ProfitP/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: −24 pts. Points of the price return explained by the share count changing. More shares count against the price.−24SharesShare price: −6%−6%Share price
Net profit growth+90 ptsNet profit rose about 152%, which lifts the price.
P/E change-71 ptsThe P/E fell from 46.3x to 22.2x, which lowers the price.
Share count change-24 ptsShare count rose 28%, 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.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

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

Compare this with SUPREME INDUSTRIES

How rough has the ride been?

Maximum drawdown-59.3%recovered 2021-05
1-year volatility37.0%annualised
Beta vs sector index0.783-year daily, correlation 0.43
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−52.5% 0%−20%−40%2020202220242026−52.5%
Largest drawdowns

-59.3% (2019-01 peak to 2020-03 low, recovered 2021-05)

-49.4% (2024-02 peak to 2025-03 low, recovered 2026-08)

-27.8% (2021-11 peak to 2022-05 low, recovered 2022-08)

Most recent volume spikes

2026-08-31: 5.8x the 50-day median, price +4.3% that day

2026-07-22: 13.1x the 50-day median, price -1.9% that day

2026-07-21: 18.3x the 50-day median, price +3.6% 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?

22.2xP/E todayWithin its usual range
Against its own history43rd percentile
CheapestMedian 23.6xDearest

Usual range 14.0x to 40.7x since 2019-01.

Against Producer Manufacturing22.2x vs 29.6x
This company
22.2x
Sector median
29.6x

25% below the Producer Manufacturing median.

10.3x23.3x36.4x49.5xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.3x23.3x36.4x49.5xJan '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

  • ROCE79th▲ 15 pts vs a year ago
  • Op. margin53rd▲ 48 pts vs a year ago
  • Revenue growth33rd▲ 5 pts vs a year ago
  • EPS growth95th▲ 85 pts vs a year ago
  • Debt/equity ↓89th▼ 4 pts vs a year ago
  • Cash cycle ↓75th▲ 4 pts vs a year ago
  • P/E ↓65th▲ 34 pts vs a year ago
  • 12M momentum80th▲ 21 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?

~24%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 48.1x, a holder earning 12%/yr needs earnings to grow about 23.9%/yr for 10 years, then trade at 15x.

Delivered16.9%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+6.9 ptsimplied minus delivered
Rank391stmost demanding of 856

Over time

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

-4%15%34% Jan 2019Nov 2026 -4%15%34% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x25.2%26.3%27.5%
15x22.7%23.9%25.0%
20x19.6%20.6%21.7%

Drag a slider to test other assumptions

Implied: 23.9%/yr

Looking back

  • Jan 2020Price implied 12%/yr; EPS has since grown 15%/yr (7.0 yrs)
  • Jan 2021Price implied 11%/yr; EPS has since grown 17%/yr (6.0 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
₹1447.00
P/E
22.2x
ROCE
23.0%
Market Cap
₹2518 cr
Revenue (TTM)
₹1197 cr
P/S
2.1x
P/B
4.5x
ROE
20.5%
Operating Margin
12.0%
Debt / Equity
0.0x
Promoter Holding
53.8%
12M Momentum
33.5%

52-week range

₹848.00₹1766.40
65% of the way from its 52-week low to its high

Price risk

1Y volatility
37.0%
Beta vs sector
1-year daily
0.92

Balance sheet & cash

Interest cover
operating profit ÷ interest
80.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.36x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance11%Within range

Other income as a share of pre-tax profit (trailing twelve months): 11.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.36xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.36x (cash from operations ₹311 cr, net profit ₹228 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+13 daysWithin range

Debtor days are above the median of the previous three fiscal years by 13 days (74 vs 61). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+55 days / 2 yrsNear threshold

Days payable changed by +55 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, DIIs added 6.5 pts; promoters trimmed 3.1 pts; FIIs added 0.9 pts.
  • The number of shareholders rose from 28,059 to 35,275 (+26%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters56.9%53.8%-3.1 pts
FIIs0.1%1.1%+0.9 pts
DIIs4.0%10.5%+6.5 pts
Public and others39.0%34.7%-4.2 pts

Number of shareholders

35,275shareholders+26% since Sep '23
28k33k37k41k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 28,059
Dec '23: 30,274
Mar '24: 32,575
Jun '24: 29,283
Sep '24: 30,665
Dec '24: 41,468
Mar '25: 40,702
Jun '25: 38,889
Sep '25: 37,949
Dec '25: 36,356
Mar '26: 35,567
Jun '26: 35,275
 28k33k37k41k Sep '23Sep '24Sep '25Jun '26
Sep '23: 28,059
Dec '23: 30,274
Mar '24: 32,575
Jun '24: 29,283
Sep '24: 30,665
Dec '24: 41,468
Mar '25: 40,702
Jun '25: 38,889
Sep '25: 37,949
Dec '25: 36,356
Mar '26: 35,567
Jun '26: 35,275

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

−1.5%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 ADOR WELDING LIMITED 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 −26% to +35% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (+1.7%, 80% range −8.3% to +9.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
TVTODAY · Dec 2021: −44.3% vs market
ZENSARTECH · Sep 2025: −43.7% vs market
MAITHANALL · Mar 2022: −36.5% vs market
GRSE · Jul 2020: −35.2% vs market
CONTROLPR · Nov 2023: −35.0% vs market
ALBERTDAVD · Mar 2020: −34.2% vs market
BHAGERIA · Jun 2021: −32.6% vs market
VEEDOL · Aug 2024: −31.3% vs market
MAYURUNIQ · Apr 2023: −30.0% vs market
ARE&M · Jun 2020: −29.9% vs market
BAJAJCON · Oct 2023: −29.3% vs market
SASKEN · Apr 2021: −28.2% vs market
INTERARCH · Oct 2025: −26.6% vs market
DATAMATICS · Jun 2023: −24.3% vs market
FINCABLES · Jan 2020: −22.6% vs market
INTELLECT · Oct 2023: −22.2% vs market
LINCOLN · Feb 2024: −20.8% vs market
DLINKINDIA · Apr 2020: −18.8% vs market
DHANUKA · Oct 2024: −14.8% vs market
FDC · Jun 2025: −13.2% vs market
SHREDIGCEM · May 2023: −12.0% vs market
SUBROS · Jul 2025: −9.1% vs market
BOROLTD · May 2023: −4.8% vs market
FIEMIND · Sep 2025: −2.1% vs market
STARCEMENT · Jul 2023: −1.9% vs market
HONDAPOWER · Aug 2023: −1.1% vs market
SJS · Sep 2023: +0.8% vs market
SKFINDIA · Oct 2022: +1.7% vs market
DODLA · Oct 2024: +5.9% vs market
STYRENIX · Aug 2024: +9.7% vs market
KSL · Feb 2020: +12.9% vs market
GRAUWEIL · Oct 2022: +14.3% vs market
FINPIPE · Apr 2020: +17.8% vs market
INDNIPPON · Oct 2025: +24.8% vs market
AVANTIFEED · Jun 2025: +27.0% vs market
VSTTILLERS · Mar 2025: +27.2% vs market
VESUVIUS · Mar 2024: +32.6% vs market
NILKAMAL · Jul 2020: +36.2% vs market
RSYSTEMS · Jan 2020: +38.9% vs market
VOLTAMP · Nov 2023: +42.8% vs market
MARKSANS · Aug 2023: +43.9% vs market
TECHNOE · Feb 2023: +46.1% vs market
KINGFA · Mar 2025: +47.4% vs market
ENGINERSIN · Jun 2023: +48.9% vs market
KSB · May 2023: +57.0% vs market
RITES · Feb 2023: +60.4% vs market
MPSLTD · Dec 2022: +66.6% vs market
PERSISTENT · Jan 2020: +82.6% vs market
ACCENTMIC · Oct 2025: +145.3% vs market
ADFFOODS · Apr 2020: +186.7% vs market
Similar setups −1.5%All companies −3.2%← 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
−1.5%
All companies' median
−3.2%
Beat the market
48% vs 47%

50 past situations · 50 companies · 30 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
VEEDOL
Process Industries		 Aug 2024 32x24% +124%−4% −31%
ENGINERSIN
Industrial Services		 Jun 2023 19x24% +102%−5% +49%
DHANUKA
Process Industries		 Oct 2024 28x27% +98%−15% −15%
CONTROLPR
Electronic Technology		 Nov 2023 27x23% +104%−5% −35%
HONDAPOWER
Producer Manufacturing		 Aug 2023 31x19% +80%−4% −1%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SASKEN
Technology Services		 Apr 2021 18x19% +128%−8% −28%
BAJAJCON
Consumer Non-Durables		 Oct 2023 24x21% +46%−10% −29%
VESUVIUS
Non-Energy Minerals		 Mar 2024 32x26% +102%−15% +33%
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/E and ROCE. 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 ADOR WELDING LIMITED. 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.

STUDDS ACCESSORIESSTUDDS
Consumer Durables
68%similar
operating marginROCE
WINDLAS BIOTECHWINDLAS
Health Technology
67%similar
revenue growthoperating margin
VESUVIUS INDIAVESUVIUS
Non-Energy Minerals
64%similar
debt/equitypromoter holding
INDRAPRASTHA MEDICAL CORPORATIINDRAMEDCO
Health Services
63%similar
volatilitymarket cap
THEJO ENGINEERINGTHEJO
Distribution Services
61%similar
promoter holdingmarket cap
FIEM INDUSTRIESFIEMIND
Producer Manufacturing
72%similar
promoter holdingEPS growth
INTERARCH BUILDING SOLUTIONS LINTERARCH
Producer Manufacturing
72%similar
market capROCE
TALBROS AUTOMOTIVE COMPONENTSTALBROAUTO
Producer Manufacturing
64%similar
EPS growthmarket cap

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

What changed?

30 events since Jan '24

  1. OctPriceFell 25% from the Sep 2026 peak to the Oct 2026 low.
  2. SepPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  3. AugPriceRegained the 2024-02 peak, 17 months after the low.
  4. JulPriceVolume reached 18.3x its 50-day median on 2026-07-21; price +3.6% that day.
  5. JunResultsYear-on-year EPS growth turned positive.
  6. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  7. AprPriceVolume reached 11.1x its 50-day median on 2026-04-30; price -2.5% that day.
  8. MarResultsRevenue (TTM) reached a new high of ₹1,131 cr.
Show 22 earlier events
  1. JanPriceVolume reached 17.8x its 50-day median on 2026-01-16; price +3.7% that day.
  2. DecPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  3. OctPriceVolume reached 105.0x its 50-day median on 2025-10-15; price +12.5% that day.
  4. SepValuationP/E crossed above the 90th percentile of its own history to date (44.0x).
  5. SepPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  6. AugPriceVolume reached 8.0x its 50-day median on 2025-08-13; price -7.1% that day.
  7. JunResultsYear-on-year EPS growth turned negative.
  8. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  9. JunSharesShare count is up 21.4% over 12 months.
  10. MayPriceVolume reached 6.1x its 50-day median on 2025-05-09; price -1.6% that day.
  11. MarPromoterPromoter holding fell 3.7 pts to 53.2%.
  12. MarResultsRevenue (TTM) reached a new high of ₹1,109 cr.
  13. MarPriceFell 49% from the Feb 2024 peak to the Mar 2025 low.
  14. MarPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  15. JanPriceVolume reached 6.5x its 50-day median on 2025-01-27; price -9.3% that day.
  16. DecPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  17. DecPriceVolume reached 7.3x its 50-day median on 2024-12-05; price -1.6% that day.
  18. SepInstitutionsFII + DII holding rose 5.5 pts over 2 quarters to 10.3%.
  19. JunResultsRevenue (TTM) reached a new high of ₹1,074 cr.
  20. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  21. JunPriceVolume reached 41.5x its 50-day median on 2024-06-11; price +14.5% that day.
  22. JanPriceVolume reached 18.5x its 50-day median on 2024-01-04; price -0.5% that day.

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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1122.2x₹1197 cr20.5%23.0%0.0x
2026-1020.4x₹1197 cr20.6%23.0%0.0x
2026-0924.4x₹1197 cr20.6%23.0%0.0x
2026-0836.2x₹1140 cr14.8%23.0%0.0x
2026-0730.7x₹1140 cr14.8%23.0%0.0x
2026-0626.9x₹1140 cr14.8%23.0%0.0x
2026-0530.1x₹1131 cr13.0%20.0%0.0x
2026-0428.5x₹1131 cr13.0%20.0%0.0x
2026-0323.2x₹1131 cr13.0%20.0%0.0x
2026-0233.6x₹1117 cr10.7%20.0%0.0x
2026-0133.3x₹1117 cr10.7%20.0%0.0x
2025-1234.0x₹1117 cr10.7%20.0%0.0x
2025-1149.5x₹1105 cr7.1%20.0%0.0x
2025-1048.9x₹1105 cr7.1%20.0%0.0x
2025-0944.0x₹1105 cr7.1%20.0%0.0x
2025-0823.5x₹1122 cr11.8%20.0%0.0x
2025-0725.8x₹1122 cr11.8%20.0%0.0x
2025-0626.3x₹1122 cr11.8%20.0%0.0x
2025-0520.9x₹1109 cr14.2%—0.1x
2025-0418.6x₹1109 cr14.2%—0.1x
2025-0317.8x₹1109 cr14.2%—0.1x
2025-0216.6x₹1096 cr15.0%—0.1x
2025-0119.2x₹1096 cr15.0%—0.1x
2024-1221.3x₹1096 cr15.0%—0.1x
2024-1118.1x₹1104 cr19.0%—0.1x
2024-1019.9x₹1104 cr19.0%—0.1x
2024-0920.8x₹1104 cr19.0%—0.1x
2024-0820.7x₹1074 cr18.2%—0.1x
2024-0722.5x₹1074 cr18.2%—0.1x
2024-0622.2x₹1074 cr18.2%—0.1x
2024-0538.1x₹661 cr16.0%20.0%0.0x
2024-0444.8x₹661 cr16.0%20.0%0.0x
2024-0341.3x₹661 cr16.0%20.0%0.0x
2024-0243.4x₹661 cr16.0%20.0%0.0x
2024-0148.3x₹661 cr16.0%20.0%0.0x
2023-1245.5x₹661 cr16.0%20.0%0.0x
2023-1146.3x₹661 cr16.0%20.0%0.0x
2023-1036.1x₹661 cr16.0%20.0%0.0x
2023-0933.3x₹661 cr16.0%20.0%0.0x
2023-0835.7x₹661 cr16.0%20.0%0.0x
2023-0738.4x₹661 cr16.0%20.0%0.0x
2023-0633.0x₹661 cr16.0%20.0%0.0x
2023-0534.5x₹661 cr16.0%20.0%0.0x
2023-0431.5x₹661 cr16.0%20.0%0.0x
2023-0327.7x₹661 cr16.0%20.0%0.0x
2023-0225.0x₹661 cr16.0%20.0%0.0x
2023-0124.2x₹661 cr16.0%20.0%0.0x
2022-1225.5x₹661 cr16.0%20.0%0.0x
2022-1125.1x₹661 cr16.0%20.0%0.0x
2022-1025.5x₹661 cr16.0%20.0%0.0x
2022-0927.5x₹661 cr16.0%20.0%0.0x
2022-0827.8x₹661 cr16.0%20.0%0.0x
2022-0723.6x₹661 cr16.0%20.0%0.0x
2022-0620.1x₹661 cr16.0%20.0%0.0x
2022-05—₹448 cr-4.2%6.0%0.1x
2022-04—₹448 cr-4.2%6.0%0.1x
2022-03—₹448 cr-4.2%6.0%0.1x
2022-02—₹448 cr-4.2%6.0%0.1x
2022-01—₹448 cr-4.2%6.0%0.1x
2021-12—₹448 cr-4.2%6.0%0.1x
2021-11—₹448 cr-4.2%6.0%0.1x
2021-10—₹448 cr-4.2%6.0%0.1x
2021-09—₹448 cr-4.2%6.0%0.1x
2021-08—₹448 cr-4.2%6.0%0.1x
2021-07—₹448 cr-4.2%6.0%0.1x
2021-06—₹448 cr-4.2%6.0%0.1x
2021-0524.9x₹526 cr10.5%12.0%0.3x
2021-0419.9x₹526 cr10.5%12.0%0.3x
2021-0315.7x₹526 cr10.5%12.0%0.3x
2021-0216.7x₹526 cr10.5%12.0%0.3x
2021-0114.0x₹526 cr10.5%12.0%0.3x
2020-1214.1x₹526 cr10.5%12.0%0.3x
2020-1113.7x₹526 cr10.5%12.0%0.3x
2020-1012.5x₹526 cr10.5%12.0%0.3x
2020-0912.7x₹526 cr10.5%12.0%0.3x
2020-0813.6x₹526 cr10.5%12.0%0.3x
2020-0712.8x₹526 cr10.5%12.0%0.3x
2020-0613.4x₹526 cr10.5%12.0%0.3x
2020-0515.1x₹513 cr9.5%14.0%0.2x
2020-0413.2x₹513 cr9.5%14.0%0.2x
2020-0310.3x₹513 cr9.5%14.0%0.2x
2020-0216.4x₹513 cr9.5%14.0%0.2x
2020-0117.3x₹513 cr9.5%14.0%0.2x
2019-1216.3x₹513 cr9.5%14.0%0.2x
2019-1117.3x₹513 cr9.5%14.0%0.2x
2019-1017.7x₹513 cr9.5%14.0%0.2x
2019-0917.1x₹513 cr9.5%14.0%0.2x
2019-0815.8x₹513 cr9.5%14.0%0.2x
2019-0716.3x₹513 cr9.5%14.0%0.2x
2019-0619.3x₹513 cr9.5%14.0%0.2x
2019-0526.9x₹458 cr7.3%11.0%0.3x
2019-0424.1x₹458 cr7.3%11.0%0.3x
2019-0325.4x₹458 cr7.3%11.0%0.3x
2019-0223.6x₹458 cr7.3%11.0%0.3x
2019-0125.8x₹458 cr7.3%11.0%0.3x

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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