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AKSH OPTIFIBRE LIMITED (AKSHOPTFBR)

Electronic Technology · Telecommunications Equipment · 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.23 / 100
Profitability 41Growth 4
Compare withSTERLITE TECHNOLOGIESHFCLASTRA MICROWAVE PRODUCTS

Share price

Closing priceAdjusted for splits and bonus issues.

₹6.92 latest close · +4.8% over the last 90 sessions

₹6₹8Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹6₹8Jul 3Sep 4Nov 9

₹6.92 month-end · +2.4% over 12 months

₹4₹6Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹4₹6Nov '25May '26Nov '26

₹6.92 month-end · −31.1% over 3 years

₹5₹8₹10₹13Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹5₹8₹10₹13Nov '23May '25Nov '26

₹6.92 month-end · −68.3% since Jan '19

₹10₹20Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹10₹20Jan '19Dec '22Nov '26

52-week range ₹3.82 to ₹9.01 · 1-year volatility 54.0%

How rough has the ride been?

Maximum drawdown-89.4%not yet recovered
1-year volatility54.0%annualised

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−89.0% 0%−25%−50%−75%2020202220242026−89.0%
Largest drawdowns

-89.4% (2019-01 peak to 2020-03 low, not yet recovered)

Where does it rank among Electronic Technology peers?

Each cell is the company's percentile rank among its Electronic Technology 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

  • ROCE5thflat vs a year ago
  • Op. margin78th▲ 69 pts vs a year ago
  • Revenue growth56th▲ 51 pts vs a year ago
  • Debt/equity ↓1stflat vs a year ago
  • Cash cycle ↓98th▲ 3 pts vs a year ago
  • 12M momentum54th▲ 27 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
Debt/equity ↓
Cash cycle ↓
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 Electronic Technology sector page Watch it move against Electronic Technology in the Observatory

What is the price implying?

Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Electronic Technology The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹6.92
ROCE
-7.0%
Market Cap
₹112 cr
Revenue (TTM)
₹149 cr
P/S
0.8x
Operating Margin
20.7%
Promoter Holding
19.4%
12M Momentum
2.4%

52-week range

₹3.82₹9.01
60% of the way from its 52-week low to its high

Price risk

1Y volatility
54.0%
Beta vs sector
1-year daily
0.96

Balance sheet & cash

Interest cover
operating profit ÷ interest
0.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
4.69x
Share count, 1Y
unchanged

Are profits backed by cash?

1 of 4checks within range3 near a threshold
Other income reliance—Not enough data

Not enough reported data to compute this.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+43 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 43 days (93 vs 50). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+92 days / 2 yrsNear threshold

Days payable changed by +92 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 2 years, promoters trimmed 7.4 pts.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters26.8%19.4%-7.4 pts
FIIs0.0%0.0%0.0 pts
DIIs0.0%0.1%+0.1 pts
Public and others73.2%80.6%+7.3 pts

Number of shareholders

69,972shareholders+3% since Dec '23
68k70k73k76k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 67,931
Mar '24: 69,435
Jun '24: 68,254
Sep '24: 69,401
Dec '24: 75,506
Mar '25: 74,399
Jun '25: 72,710
Sep '25: 72,095
Dec '25: 70,809
Jun '26: 69,972
 68k70k73k76k Dec '23Sep '24Jun '25Jun '26
Dec '23: 67,931
Mar '24: 69,435
Jun '24: 68,254
Sep '24: 69,401
Dec '24: 75,506
Mar '25: 74,399
Jun '25: 72,710
Sep '25: 72,095
Dec '25: 70,809
Jun '26: 69,972

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

−7.6%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 AKSH OPTIFIBRE 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 −22% to +45% vs the market, against 0% for all non-financial companies in the same months.
  • The gap against the base rate (−7.4%, 80% range −13.4% to +4.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
PPAP · Sep 2023: −43.1% vs market
DTIL · Dec 2024: −42.4% vs market
HTMEDIA · Feb 2024: −38.8% vs market
GOLDTECH · Mar 2020: −38.3% vs market
CLEDUCATE · Sep 2025: −37.3% vs market
NIBL · Oct 2023: −36.7% vs market
AXISCADES · Jan 2020: −34.1% vs market
TEXMOPIPES · Aug 2023: −33.3% vs market
ONIDA · Jun 2021: −32.3% vs market
ESTER · Apr 2025: −31.1% vs market
SPENCERS · Aug 2020: −24.3% vs market
BRNL · Sep 2023: −22.2% vs market
INDTERRAIN · Jan 2023: −22.2% vs market
TOKYOPLAST · Feb 2023: −20.8% vs market
BYKE · Sep 2022: −19.8% vs market
MUKTAARTS · Nov 2023: −18.5% vs market
OMAXE · Mar 2024: −16.7% vs market
KRITI · Jan 2024: −14.1% vs market
SAMPANN · Jun 2024: −14.0% vs market
BALAJITELE · Dec 2023: −13.9% vs market
KCPSUGIND · Nov 2020: −13.6% vs market
DGCONTENT · Feb 2022: −11.7% vs market
RML · Aug 2021: −9.0% vs market
ASAHISONG · Apr 2024: −9.0% vs market
PRAENG · Mar 2020: −7.7% vs market
NITCO · Dec 2022: −7.6% vs market
UNIINFO · Aug 2021: −7.4% vs market
GENUSPAPER · Aug 2023: −4.8% vs market
SPLIL · May 2022: +2.5% vs market
SWELECTES · Nov 2020: +6.9% vs market
AURUM · Jul 2025: +7.7% vs market
VASCONEQ · Apr 2022: +14.1% vs market
AUTOIND · Apr 2022: +18.0% vs market
SUNDRMBRAK · Feb 2024: +24.2% vs market
IBULLSLTD · Apr 2025: +33.1% vs market
ELGIRUBCO · May 2020: +39.6% vs market
ZUARIIND · Dec 2020: +41.8% vs market
INDIANCARD · May 2021: +45.4% vs market
JAYAGROGN · Mar 2021: +47.5% vs market
PALASHSECU · Dec 2020: +51.5% vs market
DREDGECORP · Oct 2023: +54.4% vs market
PRICOLLTD · Feb 2020: +57.8% vs market
PENINLAND · Aug 2020: +59.7% vs market
VIPCLOTHNG · Jun 2022: +69.8% vs market
GLOBALVECT · Mar 2024: +88.0% vs market
DELTAMAGNT · May 2021: +123.7% vs market
LYKALABS · May 2020: +143.5% vs market
PALREDTEC · Sep 2020: +193.7% vs market
KECL · Nov 2021: +198.0% vs market
GANESHHOU · Mar 2021: +287.2% vs market
Similar setups −7.6%All companies −0.2%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
−7.6%
All companies' median
−0.2%
Beat the market
44% vs 50%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KRITI
Producer Manufacturing		 Jan 2024 —-6% +66%−2% −14%
BRNL
Industrial Services		 Sep 2023 —-2% +21%−8% −22%
AXISCADES
Commercial Services		 Jan 2020 —1% +4%−23% −34%
MUKTAARTS
Technology Services		 Nov 2023 —-3% +38%−12% −19%
BYKE
Consumer Services		 Sep 2022 —-2% +32%−21% −20%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SAMPANN
Producer Manufacturing		 Jun 2024 —0% +65%−10% −14%
PENINLAND
Finance		 Aug 2020 —-16% +16%−15% +60%
INDTERRAIN
Consumer Non-Durables		 Jan 2023 —3% +15%−19% −22%
How reliable is this?

Matched on P/S, ROCE, operating margin, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, interest cover and 12-month momentum. Not used (unavailable for this company): P/E and debt/equity. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 AKSH OPTIFIBRE 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 changed?

9 events since Jun '19

  1. SepPeer rankMoved into the top quartile of Electronic Technology on operating margin (from the bottom quartile).
  2. DecPromoterPromoter holding fell 4.0 pts to 19.7% (largest drop in the history since 2019-01).
  3. JunPeer rankSlipped to the bottom quartile of Electronic Technology on ROCE (from the 3rd quartile).
  4. JunPeer rankMoved into the 3rd quartile of Electronic Technology on ROCE (from the bottom quartile).
  5. JunResultsEPS (TTM) turned negative.
  6. JunPeer rankSlipped to the bottom quartile of Electronic Technology on ROCE (from the 3rd quartile).
  7. JunDebtDebt / equity rose above 1.0x (2.12x).
  8. MarPriceFell 89% from the Jan 2019 peak to the Mar 2020 low.
Show 1 earlier event
  1. JunDividendDividend payout cut from 23% to 0% of profit.

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
2026-11—₹149 cr—-7.0%—
2026-10—₹149 cr—-7.0%—
2026-09—₹149 cr—-7.0%—
2026-08—₹126 cr—-7.0%—
2026-07—₹126 cr—-7.0%—
2026-06—₹126 cr—-7.0%—
2026-05—₹118 cr-201.0%-13.0%9.0x
2026-04—₹118 cr-201.0%-13.0%9.0x
2026-03—₹118 cr-201.0%-13.0%9.0x
2026-02—₹120 cr-190.0%-13.0%9.0x
2026-01—₹120 cr-190.0%-13.0%9.0x
2025-12—₹120 cr-190.0%-13.0%9.0x
2025-11—₹115 cr-244.7%-13.0%9.0x
2025-10—₹115 cr-244.7%-13.0%9.0x
2025-09—₹115 cr-244.7%-13.0%9.0x
2025-08—₹130 cr-236.2%-13.0%9.0x
2025-07—₹130 cr-236.2%-13.0%9.0x
2025-06—₹130 cr-236.2%-13.0%9.0x
2025-05—₹147 cr-199.3%-33.0%2.5x
2025-04—₹147 cr-199.3%-33.0%2.5x
2025-03—₹147 cr-199.3%-33.0%2.5x
2025-02—₹170 cr-197.9%-33.0%2.5x
2025-01—₹170 cr-197.9%-33.0%2.5x
2024-12—₹170 cr-197.9%-33.0%2.5x
2024-11—₹204 cr-187.6%-33.0%2.5x
2024-10—₹204 cr-187.6%-33.0%2.5x
2024-09—₹204 cr-187.6%-33.0%2.5x
2024-08—₹220 cr-178.3%-33.0%2.5x
2024-07—₹220 cr-178.3%-33.0%2.5x
2024-06—₹220 cr-178.3%-33.0%2.5x
2024-05—₹286 cr-18.7%9.0%2.4x
2024-04—₹286 cr-18.7%9.0%2.4x
2024-03—₹286 cr-18.7%9.0%2.4x
2024-02—₹286 cr-18.7%9.0%2.4x
2024-01—₹286 cr-18.7%9.0%2.4x
2023-12—₹286 cr-18.7%9.0%2.4x
2023-11—₹286 cr-18.7%9.0%2.4x
2023-10—₹286 cr-18.7%9.0%2.4x
2023-09—₹286 cr-18.7%9.0%2.4x
2023-08—₹286 cr-18.7%9.0%2.4x
2023-07—₹286 cr-18.7%9.0%2.4x
2023-06—₹286 cr-18.7%9.0%2.4x
2023-05—₹316 cr-0.5%9.0%2.0x
2023-04—₹316 cr-0.5%9.0%2.0x
2023-03—₹316 cr-0.5%9.0%2.0x
2023-02—₹316 cr-0.5%9.0%2.0x
2023-01—₹316 cr-0.5%9.0%2.0x
2022-12—₹316 cr-0.5%9.0%2.0x
2022-11—₹316 cr-0.5%9.0%2.0x
2022-10—₹316 cr-0.5%9.0%2.0x
2022-09—₹316 cr-0.5%9.0%2.0x
2022-08—₹316 cr-0.5%9.0%2.0x
2022-07—₹316 cr-0.5%9.0%2.0x
2022-06—₹316 cr-0.5%9.0%2.0x
2022-05—₹272 cr-24.3%1.0%2.4x
2022-04—₹272 cr-24.3%1.0%2.4x
2022-03—₹272 cr-24.3%1.0%2.4x
2022-02—₹272 cr-24.3%1.0%2.4x
2022-01—₹272 cr-24.3%1.0%2.4x
2021-12—₹272 cr-24.3%1.0%2.4x
2021-11—₹272 cr-24.3%1.0%2.4x
2021-10—₹272 cr-24.3%1.0%2.4x
2021-09—₹272 cr-24.3%1.0%2.4x
2021-08—₹272 cr-24.3%1.0%2.4x
2021-07—₹272 cr-24.3%1.0%2.4x
2021-06—₹272 cr-24.3%1.0%2.4x
2021-05—₹300 cr-282.7%-3.0%2.1x
2021-04—₹300 cr-282.7%-3.0%2.1x
2021-03—₹300 cr-282.7%-3.0%2.1x
2021-02—₹300 cr-282.7%-3.0%2.1x
2021-01—₹300 cr-282.7%-3.0%2.1x
2020-12—₹300 cr-282.7%-3.0%2.1x
2020-11—₹300 cr-282.7%-3.0%2.1x
2020-10—₹300 cr-282.7%-3.0%2.1x
2020-09—₹300 cr-282.7%-3.0%2.1x
2020-08—₹300 cr-282.7%-3.0%2.1x
2020-07—₹300 cr-282.7%-3.0%2.1x
2020-06—₹300 cr-282.7%-3.0%2.1x
2020-056.7x₹530 cr2.2%7.0%0.6x
2020-047.7x₹530 cr2.2%7.0%0.6x
2020-034.5x₹530 cr2.2%7.0%0.6x
2020-028.6x₹530 cr2.2%7.0%0.6x
2020-0112.1x₹530 cr2.2%7.0%0.6x
2019-1210.2x₹530 cr2.2%7.0%0.6x
2019-1110.7x₹530 cr2.2%7.0%0.6x
2019-1010.9x₹530 cr2.2%7.0%0.6x
2019-0911.8x₹530 cr2.2%7.0%0.6x
2019-0812.9x₹530 cr2.2%7.0%0.6x
2019-0714.2x₹530 cr2.2%7.0%0.6x
2019-0616.0x₹530 cr2.2%7.0%0.6x
2019-0510.5x₹618 cr4.3%8.0%0.6x
2019-0412.9x₹618 cr4.3%8.0%0.6x
2019-0314.7x₹618 cr4.3%8.0%0.6x
2019-0214.6x₹618 cr4.3%8.0%0.6x
2019-0117.0x₹618 cr4.3%8.0%0.6x

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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