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THE ANUP ENGINEERING LIMITED (ANUP)

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.66 / 100
Profitability 49Growth 71Balance sheet 78
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.17 / 100
Price 9Earnings 8FII/DII 34

Passes these screensDebt-light & profitableConsistent compounders

Compare withWELSPUN CORPVOLTASTHERMAX

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,433.4 latest close · −38.0% over the last 90 sessions

₹1,500₹2,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,500₹2,000Jul 3Sep 4Nov 9

₹1,433.4 month-end · −36.6% over 12 months

₹1,500₹2,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,500₹2,000Nov '25May '26Nov '26

₹1,433.4 month-end · +12.5% over 3 years

₹2,000₹3,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹2,000₹3,000Nov '23May '25Nov '26

₹1,433.4 month-end · +648.3% since Jun '20

₹0₹2,000₹4,000Jun '20Sep '21Jan '23Apr '24Aug '25Nov '26 ₹0₹2,000₹4,000Jun '20Sep '23Nov '26

52-week range ₹1262.30 to ₹2479.90 · 1-year volatility 43.4%

Was the rally earned?

-37%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 28 points, while the multiple moved less (P/E 37.5x to 33.9x).
  • The share count barely moved.
Net profit growth: −28 pts. Points of the price return explained by net profit growing (or shrinking).−28 ptsNet profit growthP/E change: −8 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−8 ptsP/E changeShare price: −37%−37%Share priceNet profit growth: −28 pts. Points of the price return explained by net profit growing (or shrinking).−28ProfitP/E change: −8 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−8P/EShare price: −37%−37%Share price
Net profit growth-28 ptsNet profit fell about 30%, which lowers the price.
P/E change-8 ptsThe P/E fell from 37.5x to 33.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+13%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 52 points, but investors now pay less per rupee of profit (P/E 49.0x to 33.9x), which took 39 points back.
  • The share count rose 2%.
Net profit growth: +54 pts. Points of the price return explained by net profit growing (or shrinking).+54 ptsNet profit growthP/E change: −39 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−39 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: +13%+13%Share priceNet profit growth: +54 pts. Points of the price return explained by net profit growing (or shrinking).+54ProfitP/E change: −39 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−39P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +13%+13%Share price
Net profit growth+54 ptsNet profit rose about 66%, which lifts the price.
P/E change-39 ptsThe P/E fell from 49.0x to 33.9x, which lowers the price.
Share count change-2 ptsShare count rose 2%, which lowers the price.
+192%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 79 points and the multiple added 112 points (P/E 18.1x to 33.9x).
  • The share count barely moved.
Net profit growth: +81 pts. Points of the price return explained by net profit growing (or shrinking).+81 ptsNet profit growthP/E change: +112 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+112 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: +192%+192%Share priceNet profit growth: +81 pts. Points of the price return explained by net profit growing (or shrinking).+81ProfitP/E change: +112 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+112P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +192%+192%Share price
Net profit growth+81 ptsNet profit rose about 57%, which lifts the price.
P/E change+112 ptsThe P/E rose from 18.1x to 33.9x, which lifts the price.
Share count change-1 ptsShare count was little changed. More shares would count against 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-64.9%not yet recovered
1-year volatility43.4%annualised
Beta vs sector index1.063-year daily, correlation 0.44
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−64.9% 0%−20%−40%−60%2020202220242026−64.9%
Largest drawdowns

-64.9% (2024-12 peak to 2026-10 low, not yet recovered)

-63.6% (2020-02 peak to 2020-03 low, recovered 2020-12)

-48.4% (2022-01 peak to 2022-06 low, recovered 2023-05)

Most recent volume spikes

2026-11-06: 12.8x the 50-day median, price -2.9% that day

2026-08-06: 27.9x the 50-day median, price -10.0% 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?

33.9xP/E todayWithin its usual range
Against its own history56th percentile
CheapestMedian 30.3xDearest

Usual range 13.8x to 66.2x since 2020-06.

Against Producer Manufacturing33.9x vs 29.6x
This company
33.9x
Sector median
29.6x

15% above the Producer Manufacturing median.

9.1x38.8x68.6x98.3xJun '20Oct '21Feb '23Jun '24Oct '25Nov '269.1x38.8x68.6x98.3xJun '20Aug '22Oct '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

The chart loads when you open this tab.

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

  • ROCE72nd
  • Op. margin25th▼ 67 pts vs a year ago
  • Revenue growth21st▼ 71 pts vs a year ago
  • EPS growth18th▼ 70 pts vs a year ago
  • Debt/equity ↓59th▼ 18 pts vs a year ago
  • Cash cycle ↓24thflat vs a year ago
  • P/E ↓42ndflat vs a year ago
  • 12M momentum15thflat 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?

~21%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 36.4x, a holder earning 12%/yr needs earnings to grow about 21.1%/yr for 10 years, then trade at 15x.

Delivered16.7%/yrEPS, last 6 fiscal years · 3-yr avg to 3-yr avg
Gap+4.4 ptsimplied minus delivered
Rank436thmost demanding of 856

Over time

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

0%20%39% Jun 2020Nov 2026 0%20%39% Jun 2020Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x22.6%23.7%24.8%
15x20.1%21.1%22.2%
20x16.8%17.9%18.9%

Drag a slider to test other assumptions

Implied: 21.1%/yr

Looking back

  • Jan 2021Price implied 12%/yr; EPS has since grown 17%/yr (6.0 yrs)
  • Jan 2022Price implied 12%/yr; EPS has since grown 15%/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
₹1433.40
P/E
33.9x
ROCE
21.0%
Market Cap
₹2871 cr
Revenue (TTM)
₹772 cr
P/S
3.7x
P/B
4.2x
ROE
12.3%
Operating Margin
7.6%
Debt / Equity
0.2x
Promoter Holding
40.9%
12M Momentum
-36.6%

52-week range

₹1262.30₹2479.90
14% of the way from its 52-week low to its high

Price risk

1Y volatility
43.4%
Beta vs sector
1-year daily
1.16

Balance sheet & cash

Interest cover
operating profit ÷ interest
12.1x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.09x
low
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range2 beyond a threshold
Other income reliance-0%Within range

Other income as a share of pre-tax profit (trailing twelve months): -0.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.6%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.09xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.09x (cash from operations ₹25 cr, net profit ₹279 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+53 daysBeyond threshold

Debtor days are above the median of the previous three fiscal years by 53 days (185 vs 132). 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-29 days / 2 yrsWithin range

Days payable changed by -29 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 5.1 pts; promoters trimmed 2.0 pts; FIIs added 1.7 pts.
  • The number of shareholders rose from 84,159 to 98,401 (+17%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters42.9%40.9%-2.0 pts
FIIs1.1%2.9%+1.7 pts
DIIs11.4%16.5%+5.1 pts
Public and others44.5%39.7%-4.9 pts

Number of shareholders

98,401shareholders+17% since Sep '23
84k89k94k100k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 84,159
Dec '23: 83,755
Mar '24: 85,438
Jun '24: 92,381
Sep '24: 90,453
Dec '24: 96,076
Mar '25: 96,237
Jun '25: 98,011
Sep '25: 99,596
Dec '25: 98,168
Mar '26: 99,220
Jun '26: 98,401
 84k89k94k100k Sep '23Sep '24Sep '25Jun '26
Sep '23: 84,159
Dec '23: 83,755
Mar '24: 85,438
Jun '24: 92,381
Sep '24: 90,453
Dec '24: 96,076
Mar '25: 96,237
Jun '25: 98,011
Sep '25: 99,596
Dec '25: 98,168
Mar '26: 99,220
Jun '26: 98,401

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

−10.4%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like THE ANUP ENGINEERING 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 −31% to +20% vs the market, against −1% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −9.3%, 80% range −15.5% to −5.7%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
NDTV · Mar 2024: −48.8% vs market
RAJRATAN · Oct 2023: −46.7% vs market
ASTEC · May 2023: −45.2% vs market
JWL · Oct 2025: −40.5% vs market
GLOBUSSPR · Apr 2023: −39.4% vs market
MATRIMONY · Dec 2021: −39.3% vs market
SHIVALIK · Feb 2023: −36.8% vs market
STOVEKRAFT · Jun 2022: −36.7% vs market
EASEMYTRIP · Jun 2025: −34.4% vs market
BLISSGVS · Jun 2020: −32.7% vs market
PRAJIND · Jun 2025: −31.2% vs market
ROSSARI · Aug 2023: −30.9% vs market
TARSONS · Oct 2024: −30.7% vs market
CHEMCON · Jul 2022: −30.4% vs market
BHARATRAS · Jan 2023: −29.8% vs market
AVTNPL · Mar 2023: −28.8% vs market
STERTOOLS · Jan 2020: −27.8% vs market
APEX · Dec 2020: −27.8% vs market
FAIRCHEMOR · Jun 2023: −23.7% vs market
RESPONIND · Aug 2024: −21.2% vs market
ZENSARTECH · Feb 2022: −15.4% vs market
MEDICO · Oct 2024: −14.8% vs market
MSTCLTD · Mar 2022: −13.0% vs market
VAIBHAVGBL · Feb 2023: −12.9% vs market
SYMPHONY · Nov 2021: −11.6% vs market
SHK · Jan 2020: −9.3% vs market
TTKHLTCARE · Jan 2020: −9.2% vs market
METROPOLIS · Mar 2023: −7.1% vs market
KOTHARIPET · Sep 2025: −6.6% vs market
HARSHA · Oct 2023: −5.9% vs market
SUPRAJIT · Dec 2022: −3.0% vs market
SUPREMEPWR · Jul 2025: −0.1% vs market
THYROCARE · Aug 2023: +8.8% vs market
CONFIPET · May 2022: +9.5% vs market
VIPIND · Dec 2020: +9.5% vs market
HINDCOPPER · Jun 2022: +11.0% vs market
RUPA · Jan 2020: +19.8% vs market
THEJO · Sep 2025: +20.1% vs market
MAYURUNIQ · Feb 2022: +22.9% vs market
NATHBIOGEN · Mar 2020: +23.4% vs market
ADFFOODS · Feb 2024: +28.9% vs market
ACCELYA · Jan 2022: +35.8% vs market
APCOTEXIND · Apr 2020: +39.9% vs market
DOLLAR · Jun 2020: +41.2% vs market
BSOFT · Aug 2022: +44.9% vs market
CERA · Apr 2022: +51.7% vs market
KIOCL · Oct 2022: +73.6% vs market
NEWGEN · Jul 2020: +121.1% vs market
BHAGCHEM · Aug 2023: +127.4% vs market
KPITTECH · May 2020: +183.7% vs market
Similar setups −10.4%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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
−10.4%
All companies' median
−1.1%
Beat the market
36% vs 49%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MATRIMONY
Technology Services		 Dec 2021 52x19% +2%−22% −39%
RUPA
Consumer Non-Durables		 Jan 2020 22x20% −39%−43% +20%
APCOTEXIND
Process Industries		 Apr 2020 14x— −52%−55% +40%
RAJRATAN
Producer Manufacturing		 Oct 2023 37x27% −15%−26% −47%
ACCELYA
Technology Services		 Jan 2022 34x22% +14%−30% +36%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PRAJIND
Industrial Services		 Jun 2025 43x18% −30%−40% −31%
NATHBIOGEN
Process Industries		 Mar 2020 18x24% −71%−72% +23%
NDTV
Consumer Services		 Mar 2024 39x19% +10%−27% −49%
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, interest cover and debt/equity. 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 THE ANUP ENGINEERING 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.

PONDY OXIDES N CHEMICALS LIMITPOCL
Non-Energy Minerals
64%similar
market capvolatility
ADF FOODSADFFOODS
Consumer Non-Durables
62%similar
EPS growthrevenue
ORIENT ELECTRICORIENTELEC
Consumer Durables
60%similar
operating marginROCE
SAFARI INDUSTRIES INDIASAFARI
Consumer Durables
60%similar
P/Epromoter holding
VENUS PIPES TUBESVENUSPIPES
Non-Energy Minerals
60%similar
ROCEP/E
JASH ENGINEERINGJASH
Producer Manufacturing
87%similar
revenuerevenue growth
ADOR WELDINGADOR
Producer Manufacturing
57%similar
revenue growthmarket cap
NRB BEARINGSNRBBEARING
Producer Manufacturing
56%similar
debt/equityvolatility

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

What changed?

30 events since May '23

  1. NovPriceVolume reached 12.8x its 50-day median on 2026-11-06; price -2.9% that day.
  2. OctPriceFell 65% from the Dec 2024 peak to the Oct 2026 low.
  3. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the top quartile).
  4. AugPriceVolume reached 27.9x its 50-day median on 2026-08-06; price -10.0% that day.
  5. JunResultsYear-on-year EPS growth turned negative.
  6. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  7. JunPriceVolume reached 15.4x its 50-day median on 2026-06-17; price +8.5% that day.
  8. FebPriceVolume reached 14.9x its 50-day median on 2026-02-03; price +16.6% that day.
Show 22 earlier events
  1. OctPriceVolume reached 9.0x its 50-day median on 2025-10-06; price +7.2% that day.
  2. SepPriceVolume reached 52.6x its 50-day median on 2025-09-19; price +11.3% that day.
  3. JunResultsRevenue (TTM) reached a new high of ₹733 cr.
  4. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  5. MarPriceVolume reached 11.2x its 50-day median on 2025-03-21; price +4.2% that day.
  6. FebPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  7. DecInstitutionsFII + DII holding rose 3.4 pts over 2 quarters to 15.0%.
  8. DecPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  9. OctPriceVolume reached 22.3x its 50-day median on 2024-10-03; price +11.9% that day.
  10. AugPriceVolume reached 9.3x its 50-day median on 2024-08-27; price +10.4% that day.
  11. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  12. MayPriceVolume reached 10.9x its 50-day median on 2024-05-06; price +12.4% that day.
  13. MarPriceVolume reached 16.3x its 50-day median on 2024-03-18; price +14.8% that day.
  14. JanValuationP/E crossed above the 90th percentile of its own history to date (39.6x).
  15. DecResultsYear-on-year EPS growth turned positive.
  16. DecPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  17. OctPriceVolume reached 26.6x its 50-day median on 2023-10-30; price +15.1% that day.
  18. JulPriceVolume reached 8.1x its 50-day median on 2023-07-28; price +1.3% that day.
  19. JunResultsYear-on-year EPS growth turned negative.
  20. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  21. MayPriceRegained the 2022-01 peak, 11 months after the low.
  22. MayPriceVolume reached 36.9x its 50-day median on 2023-05-18; price +12.8% 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 history78 months · 2020-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1133.9x₹772 cr12.3%21.0%0.2x
2026-1031.1x₹772 cr12.3%21.0%0.2x
2026-0937.8x₹772 cr12.3%21.0%0.2x
2026-0832.5x₹822 cr16.0%21.0%0.2x
2026-0739.4x₹822 cr16.0%21.0%0.2x
2026-0642.3x₹822 cr16.0%21.0%0.2x
2026-0532.0x₹836 cr18.9%—0.1x
2026-0435.8x₹836 cr18.9%—0.1x
2026-0327.8x₹836 cr18.9%—0.1x
2026-0226.2x₹801 cr19.6%—0.1x
2026-0129.5x₹801 cr19.6%—0.1x
2025-1237.4x₹801 cr19.6%—0.1x
2025-1137.5x₹762 cr19.7%—0.1x
2025-1038.3x₹762 cr19.7%—0.1x
2025-0939.0x₹762 cr19.7%—0.1x
2025-0837.4x₹733 cr19.3%—0.1x
2025-0744.7x₹733 cr19.3%—0.1x
2025-0646.8x₹733 cr19.3%—0.1x
2025-0574.7x₹524 cr16.8%17.0%0.1x
2025-0480.4x₹524 cr16.8%17.0%0.1x
2025-0393.5x₹524 cr16.8%17.0%0.1x
2025-0275.3x₹524 cr16.8%17.0%0.1x
2025-0176.0x₹524 cr16.8%17.0%0.1x
2024-1294.1x₹524 cr16.8%17.0%0.1x
2024-1198.3x₹524 cr16.8%17.0%0.1x
2024-1093.6x₹524 cr16.8%17.0%0.1x
2024-0962.5x₹524 cr16.8%17.0%0.1x
2024-0859.4x₹524 cr16.8%17.0%0.1x
2024-0748.1x₹524 cr16.8%17.0%0.1x
2024-0648.9x₹524 cr16.8%17.0%0.1x
2024-0546.5x₹524 cr16.8%17.0%0.1x
2024-0447.9x₹524 cr16.8%17.0%0.1x
2024-0342.5x₹524 cr16.8%17.0%0.1x
2024-0237.9x₹524 cr16.8%17.0%0.1x
2024-0139.6x₹524 cr16.8%17.0%0.1x
2023-1236.6x₹524 cr16.8%17.0%0.1x
2023-1149.0x₹411 cr11.6%17.0%0.1x
2023-1047.4x₹411 cr11.6%17.0%0.1x
2023-0938.2x₹411 cr11.6%17.0%0.1x
2023-0842.8x₹411 cr11.6%17.0%0.1x
2023-0740.3x₹411 cr11.6%17.0%0.1x
2023-0633.8x₹411 cr11.6%17.0%0.1x
2023-0524.7x₹288 cr15.7%17.0%0.0x
2023-0418.1x₹288 cr15.7%17.0%0.0x
2023-0316.0x₹288 cr15.7%17.0%0.0x
2023-0218.6x₹288 cr15.7%17.0%0.0x
2023-0116.8x₹288 cr15.7%17.0%0.0x
2022-1213.8x₹288 cr15.7%17.0%0.0x
2022-1114.3x₹288 cr15.7%17.0%0.0x
2022-1013.5x₹288 cr15.7%17.0%0.0x
2022-0913.2x₹288 cr15.7%17.0%0.0x
2022-0815.0x₹288 cr15.7%17.0%0.0x
2022-0713.9x₹288 cr15.7%17.0%0.0x
2022-0611.9x₹288 cr15.7%17.0%0.0x
2022-0514.1x₹279 cr16.0%19.0%0.0x
2022-0415.8x₹279 cr16.0%19.0%0.0x
2022-0314.6x₹279 cr16.0%19.0%0.0x
2022-0215.6x₹279 cr16.0%19.0%0.0x
2022-0116.9x₹279 cr16.0%19.0%0.0x
2021-1218.7x₹279 cr16.0%19.0%0.0x
2021-1118.1x₹279 cr16.0%19.0%0.0x
2021-1018.6x₹279 cr16.0%19.0%0.0x
2021-0917.6x₹279 cr16.0%19.0%0.0x
2021-0818.6x₹279 cr16.0%19.0%0.0x
2021-0718.9x₹279 cr16.0%19.0%0.0x
2021-0615.9x₹279 cr16.0%19.0%0.0x
2021-0518.8x₹245 cr13.3%—0.0x
2021-0413.7x₹245 cr13.3%—0.0x
2021-0313.5x₹245 cr13.3%—0.0x
2021-0215.5x₹245 cr13.3%—0.0x
2021-0116.8x₹245 cr13.3%—0.0x
2020-1217.6x₹245 cr13.3%—0.0x
2020-1114.8x₹245 cr13.3%—0.0x
2020-1014.3x₹245 cr13.3%—0.0x
2020-0915.2x₹245 cr13.3%—0.0x
2020-0813.2x₹245 cr13.3%—0.0x
2020-0711.0x₹245 cr13.3%—0.0x
2020-069.1x₹245 cr13.3%—0.0x

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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