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AMARA RAJA ENERGY & MOBILITY (ARE&M)

Producer Manufacturing · Electrical Products · 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.61 / 100
Profitability 38Growth 44Balance sheet 100
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.29 / 100
Price 25Earnings 32FII/DII 28

Passes these screensValue Pick

Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹761.8 latest close · −10.9% over the last 90 sessions

₹700₹800₹900Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹700₹800₹900Jul 3Sep 4Nov 9

₹761.8 month-end · −20.0% over 12 months

₹700₹800₹900Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹700₹800₹900Nov '25May '26Nov '26

₹761.8 month-end · +7.3% over 3 years

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

₹761.8 month-end · +22.9% since Jun '19

₹500₹1,000₹1,500Jun '19Dec '20Jun '22Nov '23May '25Nov '26 ₹500₹1,000₹1,500Jun '19Mar '23Nov '26

52-week range ₹670.00 to ₹1017.30 · 1-year volatility 32.1%

Was the rally earned?

-20%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 6 points, but investors now pay less per rupee of profit (P/E 20.3x to 15.1x), which took 26 points back.
  • The share count barely moved.
Net profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6 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: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −20%−20%Share priceNet profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6ProfitP/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: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −20%−20%Share price
Net profit growth+6 ptsNet profit rose about 7%, which lifts the price.
P/E change-26 ptsThe P/E fell from 20.3x to 15.1x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+7%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 17 points, but investors now pay less per rupee of profit (P/E 16.6x to 15.1x), which took 10 points back.
  • The share count rose 7%.
Net profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24 ptsNet profit growthP/E change: −10 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−10 ptsP/E changeShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7 ptsShare count changeShare price: +7%+7%Share priceNet profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24ProfitP/E change: −10 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−10P/EShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7SharesShare price: +7%+7%Share price
Net profit growth+24 ptsNet profit rose about 26%, which lifts the price.
P/E change-10 ptsThe P/E fell from 16.6x to 15.1x, which lowers the price.
Share count change-7 ptsShare count rose 7%, which lowers the price.
+23%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 32 points, but investors now pay less per rupee of profit (P/E 16.3x to 15.1x), which took 8 points back.
  • The share count rose 7%.
Net profit growth: +39 pts. Points of the price return explained by net profit growing (or shrinking).+39 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 count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8 ptsShare count changeShare price: +23%+23%Share priceNet profit growth: +39 pts. Points of the price return explained by net profit growing (or shrinking).+39ProfitP/E change: −8 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−8P/EShare count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8SharesShare price: +23%+23%Share price
Net profit growth+39 ptsNet profit rose about 43%, which lifts the price.
P/E change-8 ptsThe P/E fell from 16.3x to 15.1x, which lowers the price.
Share count change-8 ptsShare count rose 7%, 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 BHARAT HEAVY ELECTRICALS

How rough has the ride been?

Maximum drawdown-60.8%not yet recovered
1-year volatility32.1%annualised
Beta vs sector index0.973-year daily, correlation 0.54
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−59.9% 0%−20%−40%−60%2020202220242026−59.9%
Largest drawdowns

-60.8% (2024-07 peak to 2026-03 low, not yet recovered)

-56.1% (2021-01 peak to 2022-06 low, recovered 2024-04)

-52.8% (2020-01 peak to 2020-03 low, recovered 2020-11)

Most recent volume spikes

2026-11-04: 8.5x the 50-day median, price +4.7% that day

2026-08-12: 8.8x the 50-day median, price -0.1% that day

2026-08-11: 14.7x the 50-day median, price +8.1% 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?

15.1xP/E todayNear its historic low
Against its own history12th percentile
CheapestMedian 19.0xDearest

Usual range 15.0x to 25.4x since 2019-06.

Against Producer Manufacturing15.1x vs 29.6x
This company
15.1x
Sector median
29.6x

49% below the Producer Manufacturing median.

10.6x21.7x32.9x44.0xJun '19Dec '20Jun '22Dec '23Jun '25Nov '2610.6x21.7x32.9x44.0xJun '19Dec '21Jun '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

  • ROCE36th▼ 14 pts vs a year ago
  • Op. margin41st▼ 6 pts vs a year ago
  • Revenue growth44thflat vs a year ago
  • EPS growth47th▲ 18 pts vs a year ago
  • Debt/equity ↓78th▼ 4 pts vs a year ago
  • Cash cycle ↓61stflat vs a year ago
  • P/E ↓82nd▲ 6 pts vs a year ago
  • 12M momentum29th▼ 6 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?

~12%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 17.3x, a holder earning 12%/yr needs earnings to grow about 12.3%/yr for 10 years, then trade at 15x.

Delivered7.9%/yrEPS, last 8 fiscal years · 3-yr avg to 3-yr avg
Gap+4.4 ptsimplied minus delivered
Rank439thmost demanding of 856

Over time

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

0%12%23% Jun 2019Nov 2026 0%12%23% Jun 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x13.6%14.7%15.7%
15x11.3%12.3%13.3%
20x8.3%9.3%10.3%

Drag a slider to test other assumptions

Implied: 12.3%/yr

Looking back

  • Jan 2020Price implied 17%/yr; EPS has since grown 8%/yr (7.0 yrs)
  • Jan 2021Price implied 16%/yr; EPS has since grown 4%/yr (6.0 yrs)
  • Jan 2022Price implied 12%/yr; EPS has since grown 6%/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
₹761.80
P/E
15.1x
ROCE
12.0%
Market Cap
₹13940 cr
Revenue (TTM)
₹14628 cr
P/S
1.0x
P/B
1.7x
ROE
11.4%
Operating Margin
10.0%
Debt / Equity
0.1x
Promoter Holding
32.9%
12M Momentum
-20.0%

52-week range

₹670.00₹1017.30
26% of the way from its 52-week low to its high

Price risk

1Y volatility
32.1%
Beta vs sector
1-year daily
0.88

Balance sheet & cash

Interest cover
operating profit ÷ interest
27.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.35x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range3 near a threshold
Other income reliance29%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 29.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

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

Cash conversion1.35xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.35x (cash from operations ₹3,735 cr, net profit ₹2,775 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

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-2 daysWithin range

Debtor days are below the median of the previous three fiscal years by 2 days (33 vs 35). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress36% of fixed assetsNear threshold

Capital work-in-progress is 36% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+6 days / 2 yrsWithin range

Days payable changed by +6 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 6.7 pts; promoters added 4.8 pts; DIIs trimmed 2.6 pts.
  • The number of shareholders rose from 5.5 lakh to 8.2 lakh (+48%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters28.1%32.9%+4.8 pts
FIIs24.0%17.3%-6.7 pts
DIIs17.9%15.3%-2.6 pts
Public and others30.0%34.5%+4.5 pts

Number of shareholders

8.2 lakhshareholders+48% since Dec '23
5.5L6.6L7.7L8.7L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 5.5 lakh
Mar '24: 5.6 lakh
Jun '24: 6.6 lakh
Sep '24: 7.3 lakh
Dec '24: 8.1 lakh
Mar '25: 8.6 lakh
Jun '25: 8.7 lakh
Sep '25: 8.5 lakh
Dec '25: 8.2 lakh
Mar '26: 8.1 lakh
Jun '26: 8.2 lakh
 5.5L6.6L7.7L8.7L Dec '23Dec '24Dec '25Jun '26
Dec '23: 5.5 lakh
Mar '24: 5.6 lakh
Jun '24: 6.6 lakh
Sep '24: 7.3 lakh
Dec '24: 8.1 lakh
Mar '25: 8.6 lakh
Jun '25: 8.7 lakh
Sep '25: 8.5 lakh
Dec '25: 8.2 lakh
Mar '26: 8.1 lakh
Jun '26: 8.2 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

+4.4%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 AMARA RAJA ENERGY & MOBILITY 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 −19% to +29% vs the market, against −8% for all non-financial companies in the same months.
  • The gap against the base rate (+12.5%, 80% range −0.3% to +19.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ROUTE · Nov 2024: −55.4% vs market
UDS · Mar 2025: −53.0% vs market
AHLUCONT · Aug 2025: −37.5% vs market
ROSSARI · Oct 2025: −34.2% vs market
GTPL · Sep 2023: −32.6% vs market
LXCHEM · May 2025: −29.0% vs market
DALMIASUG · Jul 2023: −27.3% vs market
TVTODAY · Jun 2024: −26.2% vs market
KANSAINER · Jul 2025: −23.8% vs market
ACC · Jan 2025: −23.1% vs market
TTKHLTCARE · Jul 2025: −21.8% vs market
BALMLAWRIE · Sep 2025: −20.1% vs market
APLLTD · Feb 2025: −19.0% vs market
GUJALKALI · Mar 2024: −17.0% vs market
CIEINDIA · Mar 2024: −16.8% vs market
FMGOETZE · Jul 2023: −16.8% vs market
VAIBHAVGBL · Sep 2025: −9.8% vs market
IRCON · Oct 2021: −9.8% vs market
HEIDELBERG · Jun 2024: −8.0% vs market
GALAXYSURF · Aug 2025: −7.5% vs market
GNFC · Jul 2025: −7.3% vs market
DCMSHRIRAM · Dec 2023: −4.7% vs market
AVANTIFEED · Mar 2023: −4.0% vs market
SHRIPISTON · Nov 2021: +1.3% vs market
FDC · Jan 2024: +4.1% vs market
VSSL · Oct 2024: +4.7% vs market
ESCORTS · Dec 2024: +5.7% vs market
SHYAMMETL · Dec 2024: +10.1% vs market
EXIDEIND · Feb 2024: +13.2% vs market
ALLCARGO · May 2020: +13.5% vs market
ENDURANCE · Dec 2024: +14.1% vs market
INSECTICID · Jun 2021: +16.8% vs market
STARCEMENT · Nov 2024: +18.6% vs market
TCI · Sep 2024: +19.6% vs market
SUBROS · Apr 2025: +21.7% vs market
INDNIPPON · Apr 2025: +24.6% vs market
VTL · Jul 2025: +27.3% vs market
KIRLOSENG · May 2020: +30.0% vs market
DODLA · Aug 2022: +32.2% vs market
KRBL · Jul 2022: +38.8% vs market
GAEL · Oct 2025: +39.2% vs market
ZENSARTECH · Apr 2023: +49.1% vs market
CYIENT · Aug 2020: +58.1% vs market
GODFRYPHLP · Feb 2022: +75.3% vs market
KIRLOSIND · May 2020: +89.2% vs market
POLYPLEX · Jan 2021: +96.3% vs market
GABRIEL · Nov 2024: +123.5% vs market
DBCORP · Jul 2022: +125.1% vs market
FSL · May 2020: +158.5% vs market
IFGLEXPOR · Nov 2022: +165.9% vs market
Similar setups +4.4%All companies −8.1%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
+4.4%
All companies' median
−8.1%
Beat the market
54% vs 41%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SHYAMMETL
Producer Manufacturing		 Dec 2024 24x11% +16%−23% +10%
GABRIEL
Producer Manufacturing		 Nov 2024 33x— +5%−19% +124%
VTL
Process Industries		 Jul 2025 14x11% −20%−22% +27%
GALAXYSURF
Consumer Non-Durables		 Aug 2025 26x16% −23%−32% −8%
KIRLOSENG
Producer Manufacturing		 May 2020 7x17% −48%−49% +30%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GAEL
Consumer Non-Durables		 Oct 2025 20x11% −21%−24% +39%
TCI
Transportation		 Sep 2024 23x20% +37%−8% +20%
VAIBHAVGBL
Consumer Durables		 Sep 2025 23x14% −28%−32% −10%
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, operating margin and drawdown from 12-month high. 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 AMARA RAJA ENERGY & MOBILITY. 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.

MAHANAGAR GASMGL
Utilities
74%similar
promoter holdingP/E
APOLLO TYRESAPOLLOTYRE
Consumer Durables
67%similar
P/Epromoter holding
CYIENTCYIENT
Technology Services
64%similar
ROCEmarket cap
INDRAPRASHTHA GASIGL
Utilities
64%similar
revenueP/E
NCCNCC
Consumer Durables
61%similar
volatilityEPS growth
EXIDE INDUSTRIESEXIDEIND
Producer Manufacturing
63%similar
volatilityrevenue
CROMPTON GREAVES CONS ELECCROMPTON
Producer Manufacturing
61%similar
operating marginmarket cap
L G BALKRISHNAN & BROSLGBBROSLTD
Producer Manufacturing
61%similar
promoter holdingP/E

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

What changed?

30 events since Jun '23

  1. NovPriceVolume reached 8.5x its 50-day median on 2026-11-04; price +4.7% that day.
  2. SepResultsYear-on-year EPS growth turned positive.
  3. SepValuationP/E fell below the 10th percentile of its own history to date (15.0x).
  4. AugPriceVolume reached 14.7x its 50-day median on 2026-08-11; price +8.1% that day.
  5. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  6. AprPriceVolume reached 93.8x its 50-day median on 2026-04-22; price +16.1% that day.
  7. MarPriceFell 61% from the Jul 2024 peak to the Mar 2026 low.
  8. MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
Show 22 earlier events
  1. JanPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  2. SepInstitutionsFII + DII holding fell 3.2 pts over 2 quarters to 33.4%.
  3. JunResultsYear-on-year EPS growth turned negative.
  4. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  5. MarPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  6. FebPriceVolume reached 11.9x its 50-day median on 2025-02-20; price +7.7% that day.
  7. DecPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  8. OctPriceVolume reached 6.8x its 50-day median on 2024-10-28; price +6.4% that day.
  9. SepInstitutionsFII + DII holding fell 3.5 pts over 2 quarters to 38.4%.
  10. JunPromoterPromoter holding rose 4.8 pts to 32.9%.
  11. JunResultsRevenue (TTM) reached a new high of ₹11,709 cr.
  12. JunSharesShare count is up 5.9% over 12 months.
  13. AprPriceRegained the 2021-01 peak, 22 months after the low.
  14. AprValuationP/E crossed above the 90th percentile of its own history to date (25.7x).
  15. AprPriceVolume reached 31.7x its 50-day median on 2024-04-23; price +11.4% that day.
  16. JanPriceVolume reached 5.2x its 50-day median on 2024-01-31; price +6.1% that day.
  17. DecPriceVolume reached 23.8x its 50-day median on 2023-12-01; price +8.3% that day.
  18. OctValuationP/E fell below the 10th percentile of its own history to date (14.3x).
  19. JulPriceVolume reached 88.4x its 50-day median on 2023-07-18; price -6.2% that day.
  20. JunResultsYear-on-year EPS growth turned positive.
  21. JunValuationP/E fell below the 10th percentile of its own history to date (15.9x).
  22. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).

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 history90 months · 2019-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1115.1x₹14628 cr11.4%12.0%0.1x
2026-1013.6x₹14628 cr11.4%12.0%0.1x
2026-0915.0x₹14628 cr11.4%12.0%0.1x
2026-0818.2x₹13814 cr11.1%12.0%0.1x
2026-0718.6x₹13814 cr11.1%12.0%0.1x
2026-0617.2x₹13814 cr11.1%12.0%0.1x
2026-0521.8x₹13338 cr10.1%16.0%0.0x
2026-0421.5x₹13338 cr10.1%16.0%0.0x
2026-0316.6x₹13338 cr10.1%16.0%0.0x
2026-0217.2x₹13200 cr12.2%16.0%0.0x
2026-0117.0x₹13200 cr12.2%16.0%0.0x
2025-1218.5x₹13200 cr12.2%16.0%0.0x
2025-1120.3x₹12984 cr11.7%16.0%0.0x
2025-1021.4x₹12984 cr11.7%16.0%0.0x
2025-0921.1x₹12984 cr11.7%16.0%0.0x
2025-0819.2x₹12846 cr12.8%16.0%0.0x
2025-0718.7x₹12846 cr12.8%16.0%0.0x
2025-0618.7x₹12846 cr12.8%16.0%0.0x
2025-0518.6x₹12694 cr14.9%19.0%0.0x
2025-0417.6x₹12694 cr14.9%19.0%0.0x
2025-0318.1x₹12694 cr14.9%19.0%0.0x
2025-0217.9x₹12467 cr14.5%19.0%0.0x
2025-0118.9x₹12467 cr14.5%19.0%0.0x
2024-1221.9x₹12467 cr14.5%19.0%0.0x
2024-1123.0x₹12176 cr14.5%19.0%0.0x
2024-1024.9x₹12176 cr14.5%19.0%0.0x
2024-0925.6x₹12176 cr14.5%19.0%0.0x
2024-0828.3x₹11709 cr13.7%19.0%0.0x
2024-0730.2x₹11709 cr13.7%19.0%0.0x
2024-0630.9x₹11709 cr13.7%19.0%0.0x
2024-0527.6x₹10392 cr12.2%20.0%0.0x
2024-0425.7x₹10392 cr12.2%20.0%0.0x
2024-0317.8x₹10392 cr12.2%20.0%0.0x
2024-0219.6x₹10392 cr12.2%20.0%0.0x
2024-0120.8x₹10392 cr12.2%20.0%0.0x
2023-1219.1x₹10392 cr12.2%20.0%0.0x
2023-1116.6x₹10392 cr12.2%20.0%0.0x
2023-1014.3x₹10392 cr12.2%20.0%0.0x
2023-0914.9x₹10392 cr12.2%20.0%0.0x
2023-0814.7x₹10392 cr12.2%20.0%0.0x
2023-0714.8x₹10392 cr12.2%20.0%0.0x
2023-0615.9x₹10392 cr12.2%20.0%0.0x
2023-0520.0x₹8697 cr11.3%16.0%0.0x
2023-0420.0x₹8697 cr11.3%16.0%0.0x
2023-0319.3x₹8697 cr11.3%16.0%0.0x
2023-0218.5x₹8697 cr11.3%16.0%0.0x
2023-0118.9x₹8697 cr11.3%16.0%0.0x
2022-1219.1x₹8697 cr11.3%16.0%0.0x
2022-1121.7x₹8697 cr11.3%16.0%0.0x
2022-1017.1x₹8697 cr11.3%16.0%0.0x
2022-0916.4x₹8697 cr11.3%16.0%0.0x
2022-0817.0x₹8697 cr11.3%16.0%0.0x
2022-0716.4x₹8697 cr11.3%16.0%0.0x
2022-0615.3x₹8697 cr11.3%16.0%0.0x
2022-0513.3x₹7150 cr15.4%22.0%0.0x
2022-0414.9x₹7150 cr15.4%22.0%0.0x
2022-0314.2x₹7150 cr15.4%22.0%0.0x
2022-0214.8x₹7150 cr15.4%22.0%0.0x
2022-0116.4x₹7150 cr15.4%22.0%0.0x
2021-1216.8x₹7150 cr15.4%22.0%0.0x
2021-1116.3x₹7150 cr15.4%22.0%0.0x
2021-1018.0x₹7150 cr15.4%22.0%0.0x
2021-0919.8x₹7150 cr15.4%22.0%0.0x
2021-0818.5x₹7150 cr15.4%22.0%0.0x
2021-0719.0x₹7150 cr15.4%22.0%0.0x
2021-0619.7x₹7150 cr15.4%22.0%0.0x
2021-0519.2x₹6839 cr18.1%23.0%0.0x
2021-0421.0x₹6839 cr18.1%23.0%0.0x
2021-0322.1x₹6839 cr18.1%23.0%0.0x
2021-0222.8x₹6839 cr18.1%23.0%0.0x
2021-0123.7x₹6839 cr18.1%23.0%0.0x
2020-1223.9x₹6839 cr18.1%23.0%0.0x
2020-1124.5x₹6839 cr18.1%23.0%0.0x
2020-1019.8x₹6839 cr18.1%23.0%0.0x
2020-0919.8x₹6839 cr18.1%23.0%0.0x
2020-0818.8x₹6839 cr18.1%23.0%0.0x
2020-0718.3x₹6839 cr18.1%23.0%0.0x
2020-0616.8x₹6839 cr18.1%23.0%0.0x
2020-0521.7x₹6793 cr14.5%—0.0x
2020-0420.2x₹6793 cr14.5%—0.0x
2020-0316.9x₹6793 cr14.5%—0.0x
2020-0222.5x₹6793 cr14.5%—0.0x
2020-0127.1x₹6793 cr14.5%—0.0x
2019-1225.6x₹6793 cr14.5%—0.0x
2019-1126.5x₹6793 cr14.5%—0.0x
2019-1024.1x₹6793 cr14.5%—0.0x
2019-0925.4x₹6793 cr14.5%—0.0x
2019-0821.9x₹6793 cr14.5%—0.0x
2019-0723.9x₹6793 cr14.5%—0.0x
2019-0621.9x₹6793 cr14.5%—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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