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APOLLO MICRO SYSTEMS LIMITED (APOLLO)

Electronic Technology · Electronic Production 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.66 / 100
Profitability 65Growth 85Balance sheet 47
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.67 / 100
Price 79Earnings 52FII/DII 71
Compare withDIXON TECHNOLOGIES INDIASYRMA SGS TECHNOLOGY LIMITEDATA PATTERNS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹414.05 latest close · −8.0% over the last 90 sessions

₹375₹400₹425₹450Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹375₹400₹425₹450Jul 3Sep 4Nov 9

₹414.05 month-end · +57.3% over 12 months

₹200₹300₹400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹200₹300₹400Nov '25May '26Nov '26

₹414.05 month-end · +231.6% over 3 years

₹100₹200₹300₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹100₹200₹300₹400Nov '23May '25Nov '26

₹414.05 month-end · +3881.3% since Jun '20

₹0₹200₹400Jun '20Sep '21Jan '23Apr '24Aug '25Nov '26 ₹0₹200₹400Jun '20Sep '23Nov '26

52-week range ₹179.50 to ₹466.50 · 1-year volatility 55.7%

Was the rally earned?

+57%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 61 points, but investors now pay less per rupee of profit (P/E 124.2x to 121.1x), which took 3 points back.
  • The share count rose 11%.
Net profit growth: +74 pts. Points of the price return explained by net profit growing (or shrinking).+74 ptsNet profit growthP/E change: −3 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−3 ptsP/E changeShare count change: −13 pts. Points of the price return explained by the share count changing. More shares count against the price.−13 ptsShare count changeShare price: +57%+57%Share priceNet profit growth: +74 pts. Points of the price return explained by net profit growing (or shrinking).+74ProfitP/E change: −3 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−3P/EShare count change: −13 pts. Points of the price return explained by the share count changing. More shares count against the price.−13SharesShare price: +57%+57%Share price
Net profit growth+74 ptsNet profit rose about 79%, which lifts the price.
P/E change-3 ptsThe P/E fell from 124.2x to 121.1x, which lowers the price.
Share count change-13 ptsShare count rose 11%, which lowers the price.
+232%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 258 points, but investors now pay less per rupee of profit (P/E 138.7x to 121.1x), which took 26 points back.
  • The share count rose 64%.
Net profit growth: +353 pts. Points of the price return explained by net profit growing (or shrinking).+353 ptsNet profit growthP/E change: −26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−26 ptsP/E changeShare count change: −95 pts. Points of the price return explained by the share count changing. More shares count against the price.−95 ptsShare count changeShare price: +232%+232%Share priceNet profit growth: +353 pts. Points of the price return explained by net profit growing (or shrinking).+353ProfitP/E change: −26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−26P/EShare count change: −95 pts. Points of the price return explained by the share count changing. More shares count against the price.−95SharesShare price: +232%+232%Share price
Net profit growth+353 ptsNet profit rose about 522%, which lifts the price.
P/E change-26 ptsThe P/E fell from 138.7x to 121.1x, which lowers the price.
Share count change-95 ptsShare count rose 64%, which lowers the price.
+3681%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 1969 points and the multiple added 1712 points (P/E 22.3x to 121.1x).
  • The share count rose 69%.
Net profit growth: +2503 pts. Points of the price return explained by net profit growing (or shrinking).+2503 ptsNet profit growthP/E change: +1712 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+1712 ptsP/E changeShare count change: −534 pts. Points of the price return explained by the share count changing. More shares count against the price.−534 ptsShare count changeShare price: +3681%+3681%Share priceNet profit growth: +2503 pts. Points of the price return explained by net profit growing (or shrinking).+2503ProfitP/E change: +1712 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+1712P/EShare count change: −534 pts. Points of the price return explained by the share count changing. More shares count against the price.−534SharesShare price: +3681%+3681%Share price
Net profit growth+2503 ptsNet profit rose about 1082%, which lifts the price.
P/E change+1712 ptsThe P/E rose from 22.3x to 121.1x, which lifts the price.
Share count change-534 ptsShare count rose 69%, 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 DIXON TECHNOLOGIES INDIA

How rough has the ride been?

Maximum drawdown-71.5%recovered 2021-01
1-year volatility55.7%annualised
Beta vs sector index1.013-year daily, correlation 0.46
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−69.1% 0%−20%−40%−60%2020202220242026−69.1%
Largest drawdowns

-71.5% (2019-04 peak to 2020-03 low, recovered 2021-01)

-47.0% (2025-09 peak to 2026-03 low, recovered 2026-05)

-40.8% (2023-11 peak to 2024-10 low, recovered 2025-05)

Most recent volume spikes

2026-10-27: 7.1x the 50-day median, price +3.5% that day

2026-10-26: 9.6x the 50-day median, price +9.6% 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?

121.1xP/E todayNear its historic high
Against its own history86th percentile
CheapestMedian 63.3xDearest

Usual range 17.4x to 127.8x since 2020-06.

Against Electronic Technology121.1x vs 55.3x
This company
121.1x
Sector median
55.3x

119% above the Electronic Technology median.

13.0x59.9x106.9x153.8xJun '20Oct '21Feb '23Jun '24Oct '25Nov '2613.0x59.9x106.9x153.8xJun '20Aug '22Oct '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianElectronic Technology median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianElectronic Technology 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 Electronic Technology is valued

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

  • ROCE51st▲ 8 pts vs a year ago
  • Op. margin79th▼ 18 pts vs a year ago
  • Revenue growth85th▲ 12 pts vs a year ago
  • EPS growth66th▼ 5 pts vs a year ago
  • Debt/equity ↓36th▲ 12 pts vs a year ago
  • Cash cycle ↓15thflat vs a year ago
  • P/E ↓17th▼ 3 pts vs a year ago
  • 12M momentum79th▼ 19 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 Electronic Technology sector page Watch it move against Electronic Technology in the Observatory

What is the price implying?

~51%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 305.3x, a holder earning 12%/yr needs earnings to grow about 51.2%/yr for 10 years, then trade at 15x.

Delivered33.4%/yrEPS, last 7 fiscal years · 3-yr avg to 3-yr avg
Gap+17.8 ptsimplied minus delivered
Rank183rdmost demanding of 856

Over time

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

0%29%59% Jun 2020Nov 2026 0%29%59% Jun 2020Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x53.2%54.6%56.0%
15x49.9%51.2%52.6%
20x45.6%46.9%48.3%

Drag a slider to test other assumptions

Implied: 51.2%/yr

Looking back

  • Jan 2021Price implied 14%/yr; EPS has since grown 28%/yr (6.0 yrs)
  • Jan 2022Price implied 19%/yr; EPS has since grown 44%/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 Electronic Technology The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹414.05
P/E
121.1x
ROCE
15.0%
Market Cap
₹15377 cr
Revenue (TTM)
₹1021 cr
P/S
15.1x
P/B
11.7x
ROE
9.7%
Operating Margin
21.0%
Debt / Equity
0.4x
Promoter Holding
50.0%
12M Momentum
57.3%

52-week range

₹179.50₹466.50
82% of the way from its 52-week low to its high

Price risk

1Y volatility
55.7%
Beta vs sector
1-year daily
1.51

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
-1.01x
low
Share count, 1Y
+16.1%

Are profits backed by cash?

4 of 7checks within range2 beyond a threshold
Other income reliance4%Within range

Other income as a share of pre-tax profit (trailing twelve months): 4.2%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate30%Within range

Median quarterly effective tax rate over about 2.5 years: 30.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-1.01xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -1.01x (cash from operations ₹-196 cr, net profit ₹194 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+14 daysWithin range

Debtor days are above the median of the previous three fiscal years by 14 days (194 vs 180). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress41% of fixed assetsNear threshold

Capital work-in-progress is 41% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-9 days / 2 yrsWithin range

Days payable changed by -9 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, FIIs trimmed 3.4 pts; promoters trimmed 3.2 pts; DIIs added 1.7 pts.
  • The number of shareholders rose from 1.4 lakh to 4.0 lakh (+177%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters53.2%50.0%-3.2 pts
FIIs11.0%7.6%-3.4 pts
DIIs0.0%1.7%+1.7 pts
Public and others35.8%40.7%+5.0 pts

Number of shareholders

4.0 lakhshareholders+177% since Dec '23
1.4L2.3L3.1L4.0L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 1.4 lakh
Mar '24: 1.8 lakh
Jun '24: 2.2 lakh
Sep '24: 2.8 lakh
Dec '24: 2.9 lakh
Mar '25: 2.8 lakh
Jun '25: 3.1 lakh
Sep '25: 3.4 lakh
Dec '25: 3.6 lakh
Mar '26: 3.7 lakh
Jun '26: 4.0 lakh
 1.4L2.3L3.1L4.0L Dec '23Dec '24Dec '25Jun '26
Dec '23: 1.4 lakh
Mar '24: 1.8 lakh
Jun '24: 2.2 lakh
Sep '24: 2.8 lakh
Dec '24: 2.9 lakh
Mar '25: 2.8 lakh
Jun '25: 3.1 lakh
Sep '25: 3.4 lakh
Dec '25: 3.6 lakh
Mar '26: 3.7 lakh
Jun '26: 4.0 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

−9.5%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 APOLLO MICRO SYSTEMS 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 −33% to +14% vs the market, against −7% for all non-financial companies in the same months.
  • The gap against the base rate (−2.5%, 80% range −14.9% to +8.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
NEULANDLAB · Apr 2021: −57.5% vs market
JYOTICNC · May 2025: −55.0% vs market
GENESYS · Dec 2024: −54.9% vs market
TECHERA · Oct 2025: −50.7% vs market
KAYNES · Sep 2025: −50.6% vs market
HATHWAY · Jun 2020: −50.0% vs market
ORCHPHARMA · Aug 2024: −47.7% vs market
ITI · Aug 2020: −46.2% vs market
ARVSMART · Nov 2024: −42.7% vs market
TITAGARH · May 2024: −40.1% vs market
SYRMA · Oct 2023: −39.9% vs market
TARIL · Apr 2025: −36.7% vs market
FLUOROCHEM · Oct 2022: −33.4% vs market
GENUSPOWER · Nov 2024: −31.2% vs market
MANINFRA · Dec 2021: −29.7% vs market
NEOGEN · Dec 2021: −26.7% vs market
MATRIMONY · Dec 2020: −24.6% vs market
EIHOTEL · Apr 2024: −23.8% vs market
OLECTRA · Jan 2024: −22.2% vs market
VIPIND · Jun 2022: −18.4% vs market
ASTEC · Dec 2020: −17.8% vs market
TRENT · Jun 2020: −15.5% vs market
ANANTRAJ · Oct 2024: −15.2% vs market
JWL · Apr 2024: −14.6% vs market
PREMEXPLN · Oct 2025: −10.8% vs market
HINDOILEXP · Jun 2022: −8.2% vs market
ETHOSLTD · Mar 2024: −7.3% vs market
DEVYANI · Sep 2022: −5.1% vs market
PARAS · May 2025: −0.2% vs market
JSLL · Jul 2025: +0.6% vs market
PTCIL · Aug 2024: +2.2% vs market
LAURUSLABS · Apr 2021: +4.2% vs market
VIJAYA · Apr 2025: +5.8% vs market
GANESHHOU · Sep 2022: +7.4% vs market
GODREJPROP · Feb 2020: +12.8% vs market
METROBRAND · Dec 2022: +13.4% vs market
SAFARI · Mar 2023: +13.4% vs market
INDOCO · Oct 2020: +13.6% vs market
RELTD · Jul 2025: +17.2% vs market
SERVOTECH · Feb 2024: +17.7% vs market
MANORAMA · Sep 2025: +32.2% vs market
SHAILY · Oct 2025: +47.3% vs market
AZAD · Oct 2025: +52.3% vs market
ASTRAMICRO · Oct 2025: +53.6% vs market
ACUTAAS · Feb 2025: +68.7% vs market
AVALON · Oct 2025: +82.0% vs market
ATGL · Jan 2020: +92.3% vs market
POWERINDIA · Apr 2025: +116.5% vs market
DIACABS · Sep 2025: +135.9% vs market
MTARTECH · Oct 2025: +183.6% vs market
Similar setups −9.5%All companies −7.0%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
−9.5%
All companies' median
−7.0%
Beat the market
42% vs 42%

50 past situations · 50 companies · 29 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ITI
Electronic Technology		 Aug 2020 85x9% +95%−8% −46%
KAYNES
Electronic Technology		 Sep 2025 144x14% +30%−7% −51%
OLECTRA
Consumer Durables		 Jan 2024 218x13% +269%0% −22%
JYOTICNC
Producer Manufacturing		 May 2025 96x21% +29%−10% −55%
PARAS
Electronic Technology		 May 2025 118x10% +75%−11% 0%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TARIL
Producer Manufacturing		 Apr 2025 92x15% +58%−20% −37%
LAURUSLABS
Health Technology		 Apr 2021 95x14% +342%−5% +4%
ARVSMART
Finance		 Nov 2024 124x16% +159%−1% −43%
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 P/E. 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 APOLLO MICRO SYSTEMS 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.

SHAILY ENGINEERING PLASTICS LTSHAILY
Process Industries
59%similar
revenuemarket cap
RATEGAIN TRAVEL TECHNOLOGIESRATEGAIN
Technology Services
58%similar
revenue growthpromoter holding
CARTRADE TECHCARTRADE
Technology Services
56%similar
volatilitymarket cap
SAKAR HEALTHCARESAKAR
Health Technology
56%similar
volatilitypromoter holding
KDDLKDDL
Consumer Durables
55%similar
promoter holdingdebt/equity
AVALON TECHNOLOGIESAVALON
Electronic Technology
64%similar
volatilityP/E
KAYNES TECHNOLOGY INDKAYNES
Electronic Technology
63%similar
revenue growthvolatility
PARAS DEFENCE AND SPACE TECHPARAS
Electronic Technology
60%similar
P/Erevenue growth

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

What changed?

30 events since Jul '23

  1. OctPriceVolume reached 9.6x its 50-day median on 2026-10-26; price +9.6% that day.
  2. SepPromoterPromoter holding fell 2.0 pts to 50.0% (largest drop since 2025-09).
  3. AugSharesShare count is up 16.1% over 12 months.
  4. JunInstitutionsFII + DII holding fell 4.9 pts over 2 quarters to 5.5%.
  5. JunPeer rankMoved into the 2nd quartile of Electronic Technology on ROCE (from the 3rd quartile).
  6. MayPriceRegained the 2025-09 peak, 2 months after the low.
  7. MayValuationP/E crossed above the 90th percentile of its own history to date (153.8x).
  8. MayPriceVolume reached 16.2x its 50-day median on 2026-05-19; price +9.5% that day.
Show 22 earlier events
  1. MarPriceFell 47% from the Sep 2025 peak to the Mar 2026 low.
  2. MarPriceVolume reached 5.9x its 50-day median on 2026-03-02; price -10.0% that day.
  3. SepPromoterPromoter holding fell 4.5 pts to 50.6%.
  4. SepInstitutionsFII + DII holding rose 7.5 pts over 1 quarter to 8.8%.
  5. AugValuationP/E crossed above the 90th percentile of its own history to date (142.0x).
  6. AugPriceVolume reached 21.6x its 50-day median on 2025-08-22; price +14.6% that day.
  7. JulSharesShare count is up 10.7% over 12 months.
  8. JunPeer rankSlipped to the 2nd quartile of Electronic Technology on EPS growth (from the top quartile).
  9. MayPriceRegained the 2023-11 peak, 7 months after the low.
  10. MayPriceVolume reached 10.6x its 50-day median on 2025-05-28; price +13.8% that day.
  11. JanPriceVolume reached 28.4x its 50-day median on 2025-01-03; price +11.5% that day.
  12. DecPeer rankMoved into the top quartile of Electronic Technology on EPS growth (from the 2nd quartile).
  13. DecPriceVolume reached 20.2x its 50-day median on 2024-12-30; price +9.4% that day.
  14. OctPriceFell 41% from the Nov 2023 peak to the Oct 2024 low.
  15. SepInstitutionsFII + DII holding fell 3.7 pts over 1 quarter to 7.4%.
  16. JulPriceVolume reached 13.9x its 50-day median on 2024-07-18; price +5.0% that day.
  17. JunResultsRevenue (TTM) reached a new high of ₹372 cr.
  18. JunSharesShare count is up 33.3% over 12 months.
  19. JunPriceVolume reached 8.8x its 50-day median on 2024-06-20; price +5.0% that day.
  20. FebPriceVolume reached 7.3x its 50-day median on 2024-02-16; price -1.7% that day.
  21. NovPriceVolume reached 28.3x its 50-day median on 2023-11-01; price +7.5% that day.
  22. JulPriceVolume reached 13.9x its 50-day median on 2023-07-05; price -4.9% 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
2026-11121.1x₹1021 cr9.7%15.0%0.4x
2026-10116.6x₹1021 cr9.4%15.0%0.4x
2026-09118.0x₹1021 cr9.4%15.0%0.4x
2026-08118.8x₹904 cr8.8%15.0%0.4x
2026-07120.0x₹904 cr8.8%15.0%0.4x
2026-06130.7x₹904 cr8.8%15.0%0.4x
2026-05153.8x₹773 cr15.0%14.0%0.6x
2026-04111.7x₹773 cr15.0%14.0%0.6x
2026-0368.5x₹773 cr15.0%14.0%0.6x
2026-0293.6x₹669 cr14.2%14.0%0.6x
2026-01102.7x₹669 cr14.2%14.0%0.6x
2025-12107.1x₹669 cr14.2%14.0%0.6x
2025-11124.2x₹605 cr11.7%14.0%0.6x
2025-10130.6x₹605 cr11.7%14.0%0.6x
2025-09153.8x₹605 cr11.7%14.0%0.6x
2025-08142.0x₹562 cr9.9%14.0%0.6x
2025-0793.9x₹562 cr9.9%14.0%0.6x
2025-06104.0x₹562 cr9.9%14.0%0.6x
2025-05102.1x₹535 cr11.4%12.0%0.4x
2025-0463.7x₹535 cr11.4%12.0%0.4x
2025-0366.3x₹535 cr11.4%12.0%0.4x
2025-0270.4x₹478 cr9.7%12.0%0.4x
2025-0186.0x₹478 cr9.7%12.0%0.4x
2024-1272.2x₹478 cr9.7%12.0%0.4x
2024-1173.1x₹404 cr7.9%12.0%0.4x
2024-1074.0x₹404 cr7.9%12.0%0.4x
2024-0975.2x₹404 cr7.9%12.0%0.4x
2024-0895.0x₹372 cr6.4%12.0%0.4x
2024-07108.4x₹372 cr6.4%12.0%0.4x
2024-0697.2x₹372 cr6.4%12.0%0.4x
2024-05118.3x₹298 cr5.3%11.0%0.4x
2024-04121.2x₹298 cr5.3%11.0%0.4x
2024-03105.9x₹298 cr5.3%11.0%0.4x
2024-02141.4x₹298 cr5.3%11.0%0.4x
2024-01137.9x₹298 cr5.3%11.0%0.4x
2023-12126.6x₹298 cr5.3%11.0%0.4x
2023-11138.7x₹298 cr5.3%11.0%0.4x
2023-10101.6x₹298 cr5.3%11.0%0.4x
2023-0962.9x₹298 cr5.3%11.0%0.4x
2023-0860.7x₹298 cr5.3%11.0%0.4x
2023-0764.1x₹298 cr5.3%11.0%0.4x
2023-0661.3x₹298 cr5.3%11.0%0.4x
2023-0548.4x₹243 cr5.0%9.0%0.4x
2023-0444.9x₹243 cr5.0%9.0%0.4x
2023-0339.6x₹243 cr5.0%9.0%0.4x
2023-0242.9x₹243 cr5.0%9.0%0.4x
2023-0145.5x₹243 cr5.0%9.0%0.4x
2022-1241.7x₹243 cr5.0%9.0%0.4x
2022-1139.3x₹243 cr5.0%9.0%0.4x
2022-1030.4x₹243 cr5.0%9.0%0.4x
2022-0925.8x₹243 cr5.0%9.0%0.4x
2022-0821.5x₹243 cr5.0%9.0%0.4x
2022-0720.6x₹243 cr5.0%9.0%0.4x
2022-0617.0x₹243 cr5.0%9.0%0.4x
2022-0527.1x₹203 cr3.5%8.0%0.4x
2022-0426.5x₹203 cr3.5%8.0%0.4x
2022-0324.2x₹203 cr3.5%8.0%0.4x
2022-0225.3x₹203 cr3.5%8.0%0.4x
2022-0129.3x₹203 cr3.5%8.0%0.4x
2021-1233.6x₹203 cr3.5%8.0%0.4x
2021-1122.3x₹203 cr3.5%8.0%0.4x
2021-1023.5x₹203 cr3.5%8.0%0.4x
2021-0923.8x₹203 cr3.5%8.0%0.4x
2021-0823.0x₹203 cr3.5%8.0%0.4x
2021-0723.7x₹203 cr3.5%8.0%0.4x
2021-0623.4x₹203 cr3.5%8.0%0.4x
2021-0516.3x₹246 cr5.1%—0.3x
2021-0415.4x₹246 cr5.1%—0.3x
2021-0313.7x₹246 cr5.1%—0.3x
2021-0216.0x₹246 cr5.1%—0.3x
2021-0118.1x₹246 cr5.1%—0.3x
2020-1218.5x₹246 cr5.1%—0.3x
2020-1117.5x₹246 cr5.1%—0.3x
2020-1015.7x₹246 cr5.1%—0.3x
2020-0917.1x₹246 cr5.1%—0.3x
2020-0818.1x₹246 cr5.1%—0.3x
2020-0718.4x₹246 cr5.1%—0.3x
2020-0615.5x₹246 cr5.1%—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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