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AMBER ENTERPRISES INDIA LTD (AMBER)

Producer Manufacturing · Industrial Machinery · 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.35 / 100
Profitability 29Growth 45Balance sheet 31
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.52 / 100
Price 33Earnings 27FII/DII 96
Compare withWELSPUN CORPVOLTASTHERMAX

Share price

Closing priceAdjusted for splits and bonus issues.

₹6,230 latest close · −16.8% over the last 90 sessions

₹6,000₹7,000₹8,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹6,000₹7,000₹8,000Jul 3Sep 4Nov 9

₹6,230 month-end · −13.2% over 12 months

₹6,000₹7,000₹8,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹6,000₹7,000₹8,000Nov '25May '26Nov '26

₹6,230 month-end · +104.4% over 3 years

₹4,000₹6,000₹8,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹4,000₹6,000₹8,000Nov '23May '25Nov '26

₹6,230 month-end · +739.2% since Jan '19

₹0₹2,500₹5,000₹7,500Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹2,500₹5,000₹7,500Jan '19Dec '22Nov '26

52-week range ₹5400.50 to ₹8974.00 · 1-year volatility 42.3%

Was the rally earned?

-13%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 102 points, while the multiple moved less (P/E 88.3x to 228.5x).
  • The share count rose 31%.
Net profit growth: −77 pts. Points of the price return explained by net profit growing (or shrinking).−77 ptsNet profit growthP/E change: +89 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+89 ptsP/E changeShare count change: −25 pts. Points of the price return explained by the share count changing. More shares count against the price.−25 ptsShare count changeShare price: −13%−13%Share priceNet profit growth: −77 pts. Points of the price return explained by net profit growing (or shrinking).−77ProfitP/E change: +89 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+89P/EShare count change: −25 pts. Points of the price return explained by the share count changing. More shares count against the price.−25SharesShare price: −13%−13%Share price
Net profit growth-77 ptsNet profit fell about 56%, which lowers the price.
P/E change+89 ptsThe P/E rose from 88.3x to 228.5x, which lifts the price.
Share count change-25 ptsShare count rose 31%, which lowers the price.
+104%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 65.3x to 228.5x); per-share earnings took off 78 points.
  • The share count rose 29%.
Net profit growth: −41 pts. Points of the price return explained by net profit growing (or shrinking).−41 ptsNet profit growthP/E change: +183 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+183 ptsP/E changeShare count change: −37 pts. Points of the price return explained by the share count changing. More shares count against the price.−37 ptsShare count changeShare price: +104%+104%Share priceNet profit growth: −41 pts. Points of the price return explained by net profit growing (or shrinking).−41ProfitP/E change: +183 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+183P/EShare count change: −37 pts. Points of the price return explained by the share count changing. More shares count against the price.−37SharesShare price: +104%+104%Share price
Net profit growth-41 ptsNet profit fell about 25%, which lowers the price.
P/E change+183 ptsThe P/E rose from 65.3x to 228.5x, which lifts the price.
Share count change-37 ptsShare count rose 29%, which lowers the price.
+106%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 125.1x to 228.5x); per-share earnings added 17 points.
  • The share count rose 32%.
Net profit growth: +58 pts. Points of the price return explained by net profit growing (or shrinking).+58 ptsNet profit growthP/E change: +88 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+88 ptsP/E changeShare count change: −41 pts. Points of the price return explained by the share count changing. More shares count against the price.−41 ptsShare count changeShare price: +106%+106%Share priceNet profit growth: +58 pts. Points of the price return explained by net profit growing (or shrinking).+58ProfitP/E change: +88 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+88P/EShare count change: −41 pts. Points of the price return explained by the share count changing. More shares count against the price.−41SharesShare price: +106%+106%Share price
Net profit growth+58 ptsNet profit rose about 49%, which lifts the price.
P/E change+88 ptsThe P/E rose from 125.1x to 228.5x, which lifts the price.
Share count change-41 ptsShare count rose 32%, 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 WELSPUN CORP

How rough has the ride been?

Maximum drawdown-54.3%recovered 2024-01
1-year volatility42.3%annualised
Beta vs sector index0.983-year daily, correlation 0.43
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−53.7% 0%−20%−40%2020202220242026−53.7%
Largest drawdowns

-54.3% (2022-05 peak to 2023-03 low, recovered 2024-01)

-38.7% (2020-02 peak to 2020-04 low, recovered 2020-08)

-35.4% (2025-10 peak to 2026-01 low, recovered 2026-05)

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?

228.5xP/E todayNear its historic high
Against its own history99th percentile
CheapestMedian 76.9xDearest

Usual range 35.5x to 144.9x since 2019-01.

Against Producer Manufacturing228.5x vs 29.6x
This company
228.5x
Sector median
29.6x

673% above the Producer Manufacturing median.

10.6x88.6x166.7x244.8xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x88.6x166.7x244.8xJan '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

  • ROCE28th▼ 14 pts vs a year ago
  • Op. margin30th▲ 7 pts vs a year ago
  • Revenue growth50th▼ 43 pts vs a year ago
  • EPS growth9th▼ 81 pts vs a year ago
  • Debt/equity ↓24th▲ 10 pts vs a year ago
  • Cash cycle ↓75th▼ 12 pts vs a year ago
  • P/E ↓3rd▼ 6 pts vs a year ago
  • 12M momentum39th▼ 46 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?

~42%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 158.5x, a holder earning 12%/yr needs earnings to grow about 41.8%/yr for 10 years, then trade at 15x.

Delivered17.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+24.8 ptsimplied minus delivered
Rank88thmost demanding of 856

Over time

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

0%23%46% Jan 2019Nov 2026 0%23%46% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x43.7%45.0%46.3%
15x40.5%41.8%43.0%
20x36.5%37.8%39.0%

Drag a slider to test other assumptions

Implied: 41.8%/yr

Looking back

  • Jan 2020Price implied 36%/yr; EPS has since grown 11%/yr (7.0 yrs)
  • Jan 2021Price implied 37%/yr; EPS has since grown 3%/yr (6.0 yrs)
  • Jan 2022Price implied 41%/yr; EPS has since grown 22%/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
₹6230.00
P/E
228.5x
ROCE
10.0%
Market Cap
₹21972 cr
Revenue (TTM)
₹12625 cr
P/S
1.7x
P/B
5.0x
ROE
2.2%
Operating Margin
8.0%
Debt / Equity
0.6x
Promoter Holding
38.1%
12M Momentum
-13.2%

52-week range

₹5400.50₹8974.00
23% of the way from its 52-week low to its high

Price risk

1Y volatility
42.3%
Beta vs sector
1-year daily
1.18

Balance sheet & cash

Interest cover
operating profit ÷ interest
1.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
3.11x
Share count, 1Y
+2.9%

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance-11%Within range

Other income as a share of pre-tax profit (trailing twelve months): -10.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate29%Within range

Median quarterly effective tax rate over about 2.5 years: 29.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion3.11xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 3.11x (cash from operations ₹1,916 cr, net profit ₹616 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-18 daysWithin range

Debtor days are below the median of the previous three fiscal years by 18 days (67 vs 85). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress13% of fixed assetsWithin range

Capital work-in-progress is 13% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-40 days / 2 yrsWithin range

Days payable changed by -40 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 17.5 pts; FIIs trimmed 9.2 pts; promoters trimmed 2.2 pts.
  • The number of shareholders rose from 81,407 to 1.2 lakh (+47%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters40.3%38.1%-2.2 pts
FIIs29.7%20.5%-9.2 pts
DIIs13.1%30.5%+17.5 pts
Public and others16.9%10.9%-6.0 pts

Number of shareholders

1.2 lakhshareholders+47% since Sep '23
78k98k1.2L1.4L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 81,407
Dec '23: 78,144
Mar '24: 89,145
Jun '24: 90,725
Sep '24: 96,987
Dec '24: 1.3 lakh
Mar '25: 1.4 lakh
Jun '25: 1.3 lakh
Sep '25: 1.2 lakh
Dec '25: 1.2 lakh
Mar '26: 1.2 lakh
Jun '26: 1.2 lakh
 78k98k1.2L1.4L Sep '23Sep '24Sep '25Jun '26
Sep '23: 81,407
Dec '23: 78,144
Mar '24: 89,145
Jun '24: 90,725
Sep '24: 96,987
Dec '24: 1.3 lakh
Mar '25: 1.4 lakh
Jun '25: 1.3 lakh
Sep '25: 1.2 lakh
Dec '25: 1.2 lakh
Mar '26: 1.2 lakh
Jun '26: 1.2 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

+1.7%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 AMBER ENTERPRISES INDIA LTD 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 −18% to +30% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (+6.7%, 80% range −0.6% to +12.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
STAR · Apr 2021: −69.3% vs market
STYRENIX · Jun 2021: −47.0% vs market
MEDPLUS · Aug 2023: −43.1% vs market
SNOWMAN · May 2025: −38.1% vs market
SHK · Apr 2025: −31.1% vs market
NUVOCO · Apr 2023: −30.5% vs market
BIRLACORPN · Mar 2024: −28.4% vs market
SHALBY · Aug 2025: −25.7% vs market
GLOBUSSPR · Sep 2025: −25.2% vs market
MAHLOG · Oct 2021: −19.9% vs market
SAPPHIRE · Apr 2023: −19.5% vs market
EVEREADY · Sep 2023: −19.2% vs market
SFL · Oct 2025: −18.0% vs market
JBMA · Sep 2025: −17.4% vs market
BASML · Jun 2020: −14.4% vs market
ARVINDFASN · Feb 2024: −13.2% vs market
GREENLAM · Sep 2025: −11.5% vs market
BHARATFORG · Feb 2024: −7.9% vs market
TITAGARH · Sep 2025: −6.8% vs market
SUPRAJIT · Jun 2025: −4.6% vs market
SUZLON · Feb 2022: −4.3% vs market
HATSUN · Jun 2025: −4.1% vs market
KEC · Jul 2023: −1.0% vs market
SOBHA · Mar 2025: −0.4% vs market
TATACHEM · Dec 2021: +1.1% vs market
SAGCEM · Jan 2020: +2.2% vs market
VMART · Aug 2025: +6.0% vs market
APOLLOHOSP · May 2022: +6.4% vs market
PPLPHARMA · Sep 2025: +7.4% vs market
ASAHIINDIA · Mar 2022: +10.5% vs market
IFBIND · May 2024: +11.7% vs market
VARROC · Jul 2025: +20.1% vs market
ASTERDM · Sep 2021: +21.2% vs market
BLUEDART · Jan 2020: +22.6% vs market
DALBHARAT · Dec 2020: +26.8% vs market
LODHA · Aug 2023: +27.0% vs market
JKLAKSHMI · May 2020: +28.9% vs market
ITI · Feb 2020: +29.9% vs market
PRIVISCL · Jan 2024: +32.0% vs market
UNOMINDA · Apr 2021: +40.9% vs market
OPTIEMUS · Oct 2025: +42.9% vs market
JPPOWER · Aug 2023: +52.1% vs market
KIRLOSBROS · Mar 2020: +53.3% vs market
ELGIEQUIP · Jan 2021: +54.4% vs market
INDIACEM · Jan 2020: +58.6% vs market
NEOGEN · Sep 2025: +62.5% vs market
RKFORGE · Apr 2022: +74.9% vs market
BHEL · Aug 2025: +97.6% vs market
DYNAMATECH · Sep 2025: +97.7% vs market
SCHNEIDER · Jul 2022: +123.8% vs market
Similar setups +1.7%All companies −5.0%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
+1.7%
All companies' median
−5.0%
Beat the market
52% vs 45%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PPLPHARMA
Health Technology		 Sep 2025 255x6% −17%−35% +7%
MEDPLUS
Retail Trade		 Aug 2023 195x5% +10%−15% −43%
SOBHA
Finance		 Mar 2025 215x7% −13%−42% 0%
NUVOCO
Non-Energy Minerals		 Apr 2023 367x4% −6%−28% −31%
VMART
Retail Trade		 Aug 2025 129x8% −18%−34% +6%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
INDIACEM
Non-Energy Minerals		 Jan 2020 121x5% −3%−28% +59%
MAHLOG
Transportation		 Oct 2021 194x8% +82%−19% −20%
BIRLACORPN
Non-Energy Minerals		 Mar 2024 271x4% +60%−19% −28%
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: 12-month momentum, drawdown from 12-month high and debt/equity. 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 AMBER ENTERPRISES INDIA LTD. 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.

ENTERO HEALTHCARE SOLENTERO
Distribution Services
64%similar
ROCEvolatility
SUDARSHAN CHEMICAL INDUSSUDARSCHEM
Process Industries
60%similar
revenueP/E
GREENLAM INDUSTRIESGREENLAM
Non-Energy Minerals
59%similar
EPS growthoperating margin
GOKALDAS EXPORTSGOKEX
Consumer Non-Durables
57%similar
debt/equityrevenue growth
PIRAMAL PHARMAPPLPHARMA
Health Technology
54%similar
operating marginpromoter holding
RAMKRISHNA FORGINGSRKFORGE
Producer Manufacturing
58%similar
P/Edebt/equity
ION EXCHANGE (INDIA)IONEXCHANG
Producer Manufacturing
57%similar
volatilityEPS growth
DYNAMATIC TECHNOLOGIESDYNAMATECH
Producer Manufacturing
51%similar
ROCEP/E

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

What changed?

30 events since Mar '24

  1. OctPriceFell 34% from the May 2026 peak to the Oct 2026 low.
  2. SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  3. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  4. MayPriceRegained the 2025-10 peak, 4 months after the low.
  5. MayPriceVolume reached 6.9x its 50-day median on 2026-05-18; price -15.6% that day.
  6. MarResultsYear-on-year EPS growth turned negative.
  7. MarValuationP/E crossed above the 90th percentile of its own history to date (136.8x).
  8. MarPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
Show 22 earlier events
  1. FebPriceVolume reached 7.0x its 50-day median on 2026-02-10; price +6.6% that day.
  2. JanPriceFell 35% from the Oct 2025 peak to the Jan 2026 low.
  3. DecInstitutionsFII + DII holding rose 4.4 pts over 1 quarter to 50.8%.
  4. DecPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  5. NovPriceVolume reached 11.9x its 50-day median on 2025-11-07; price -7.7% that day.
  6. SepPriceRegained the 2025-01 peak, 7 months after the low.
  7. JulPriceVolume reached 5.4x its 50-day median on 2025-07-29; price +4.6% that day.
  8. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
  9. MarInstitutionsFII + DII holding rose 3.5 pts over 2 quarters to 47.7%.
  10. MarPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  11. FebPriceFell 32% from the Jan 2025 peak to the Feb 2025 low.
  12. DecPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  13. OctValuationP/E crossed above the 90th percentile of its own history to date (127.5x).
  14. OctPriceVolume reached 32.6x its 50-day median on 2024-10-24; price -2.4% that day.
  15. SepResultsYear-on-year EPS growth turned positive.
  16. SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  17. SepPriceVolume reached 30.8x its 50-day median on 2024-09-23; price +14.9% that day.
  18. JulPriceRegained the 2024-02 peak, 4 months after the low.
  19. JunResultsYear-on-year EPS growth turned negative.
  20. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  21. JunPriceVolume reached 11.1x its 50-day median on 2024-06-18; price -0.7% that day.
  22. MarPriceFell 31% from the Feb 2024 peak to the Mar 2024 low.

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
2026-11228.5x₹12625 cr2.2%10.0%0.6x
2026-10215.2x₹12625 cr2.2%10.0%0.6x
2026-09244.8x₹12625 cr2.2%10.0%0.6x
2026-08147.6x₹12186 cr4.0%10.0%0.6x
2026-07144.2x₹12186 cr4.0%10.0%0.6x
2026-06145.9x₹12186 cr4.0%10.0%0.6x
2026-05159.0x₹11793 cr6.2%14.0%0.9x
2026-04167.6x₹11793 cr6.2%14.0%0.9x
2026-03136.8x₹11793 cr6.2%14.0%0.9x
2026-02120.4x₹10983 cr7.8%14.0%0.9x
2026-0186.3x₹10983 cr7.8%14.0%0.9x
2025-1296.4x₹10983 cr7.8%14.0%0.9x
2025-1188.3x₹11021 cr9.6%14.0%0.9x
2025-1098.9x₹11021 cr9.6%14.0%0.9x
2025-0999.5x₹11021 cr9.6%14.0%0.9x
2025-08100.8x₹9973 cr8.5%14.0%0.9x
2025-07110.5x₹9973 cr8.5%14.0%0.9x
2025-0693.9x₹9973 cr8.5%14.0%0.9x
2025-0598.5x₹9025 cr8.7%10.0%0.7x
2025-0493.4x₹9025 cr8.7%10.0%0.7x
2025-03109.5x₹9025 cr8.7%10.0%0.7x
2025-02102.1x₹8186 cr7.3%10.0%0.7x
2025-01117.9x₹8186 cr7.3%10.0%0.7x
2024-12134.0x₹8186 cr7.3%10.0%0.7x
2024-11128.0x₹7429 cr6.3%10.0%0.7x
2024-10127.5x₹7429 cr6.3%10.0%0.7x
2024-09101.5x₹7429 cr6.3%10.0%0.7x
2024-08113.2x₹6729 cr5.3%10.0%0.7x
2024-07109.9x₹6729 cr5.3%10.0%0.7x
2024-06114.6x₹6729 cr5.3%10.0%0.7x
2024-0577.1x₹6927 cr6.7%11.0%0.8x
2024-0482.4x₹6927 cr6.7%11.0%0.8x
2024-0378.4x₹6927 cr6.7%11.0%0.8x
2024-0278.9x₹6927 cr6.7%11.0%0.8x
2024-0195.1x₹6927 cr6.7%11.0%0.8x
2023-1267.2x₹6927 cr6.7%11.0%0.8x
2023-1165.3x₹6927 cr6.7%11.0%0.8x
2023-1062.9x₹6927 cr6.7%11.0%0.8x
2023-0963.8x₹6927 cr6.7%11.0%0.8x
2023-0862.1x₹6927 cr6.7%11.0%0.8x
2023-0752.2x₹6927 cr6.7%11.0%0.8x
2023-0648.4x₹6927 cr6.7%11.0%0.8x
2023-0565.3x₹4206 cr5.0%8.0%0.6x
2023-0457.6x₹4206 cr5.0%8.0%0.6x
2023-0356.3x₹4206 cr5.0%8.0%0.6x
2023-0258.2x₹4206 cr5.0%8.0%0.6x
2023-0159.0x₹4206 cr5.0%8.0%0.6x
2022-1258.4x₹4206 cr5.0%8.0%0.6x
2022-1159.4x₹4206 cr5.0%8.0%0.6x
2022-1063.7x₹4206 cr5.0%8.0%0.6x
2022-0972.9x₹4206 cr5.0%8.0%0.6x
2022-0869.9x₹4206 cr5.0%8.0%0.6x
2022-0776.9x₹4206 cr5.0%8.0%0.6x
2022-0669.3x₹4206 cr5.0%8.0%0.6x
2022-05108.7x₹3031 cr4.0%9.0%0.2x
2022-04153.2x₹3031 cr4.0%9.0%0.2x
2022-03145.5x₹3031 cr4.0%9.0%0.2x
2022-02143.8x₹3031 cr4.0%9.0%0.2x
2022-01149.1x₹3031 cr4.0%9.0%0.2x
2021-12136.9x₹3031 cr4.0%9.0%0.2x

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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