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ASTRA MICROWAVE PRODUCTS LTD (ASTRAMICRO)

Electronic Technology · Telecommunications Equipment · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.63 / 100
Profitability 68Growth 54Balance sheet 69
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.68 / 100
Price 55Earnings 52FII/DII 98

Passes these screensHigh MomentumDebt-light & profitableConsistent compounders

Compare withSTERLITE TECHNOLOGIESHFCLTEJAS NETWORKS

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,659.7 latest close · −10.2% over the last 90 sessions

₹1,600₹1,800Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,600₹1,800Jul 3Sep 4Nov 9

₹1,659.7 month-end · +78.0% over 12 months

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

₹1,659.7 month-end · +187.8% over 3 years

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

₹1,659.7 month-end · +2017.0% since Jan '19

₹0₹1,000₹2,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹1,000₹2,000Jan '19Dec '22Nov '26

52-week range ₹851.00 to ₹1960.00 · 1-year volatility 39.6%

Was the rally earned?

+78%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 54.5x to 83.4x); per-share earnings added 20 points.
  • The share count barely moved.
Net profit growth: +22 pts. Points of the price return explained by net profit growing (or shrinking).+22 ptsNet profit growthP/E change: +58 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+58 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: +78%+78%Share priceNet profit growth: +22 pts. Points of the price return explained by net profit growing (or shrinking).+22ProfitP/E change: +58 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+58P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +78%+78%Share price
Net profit growth+22 ptsNet profit rose about 17%, which lifts the price.
P/E change+58 ptsThe P/E rose from 54.5x to 83.4x, which lifts the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+188%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 161 points to the rise, while the multiple moved less (P/E 71.6x to 83.4x).
  • The share count rose 9%.
Net profit growth: +176 pts. Points of the price return explained by net profit growing (or shrinking).+176 ptsNet profit growthP/E change: +27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+27 ptsP/E changeShare count change: −16 pts. Points of the price return explained by the share count changing. More shares count against the price.−16 ptsShare count changeShare price: +188%+188%Share priceNet profit growth: +176 pts. Points of the price return explained by net profit growing (or shrinking).+176ProfitP/E change: +27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+27P/EShare count change: −16 pts. Points of the price return explained by the share count changing. More shares count against the price.−16SharesShare price: +188%+188%Share price
Net profit growth+176 ptsNet profit rose about 170%, which lifts the price.
P/E change+27 ptsThe P/E rose from 71.6x to 83.4x, which lifts the price.
Share count change-16 ptsShare count rose 9%, which lowers the price.
+584%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 543 points to the rise, while the multiple moved less (P/E 72.9x to 83.4x).
  • The share count rose 9%.
Net profit growth: +569 pts. Points of the price return explained by net profit growing (or shrinking).+569 ptsNet profit growthP/E change: +41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+41 ptsP/E changeShare count change: −26 pts. Points of the price return explained by the share count changing. More shares count against the price.−26 ptsShare count changeShare price: +584%+584%Share priceNet profit growth: +569 pts. Points of the price return explained by net profit growing (or shrinking).+569ProfitP/E change: +41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+41P/EShare count change: −26 pts. Points of the price return explained by the share count changing. More shares count against the price.−26SharesShare price: +584%+584%Share price
Net profit growth+569 ptsNet profit rose about 552%, which lifts the price.
P/E change+41 ptsThe P/E rose from 72.9x to 83.4x, which lifts the price.
Share count change-26 ptsShare count rose 9%, 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 STERLITE TECHNOLOGIES

How rough has the ride been?

Maximum drawdown-53.2%recovered 2020-06
1-year volatility39.6%annualised
Beta vs sector index0.943-year daily, correlation 0.59
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−47.0% 0%−20%−40%2020202220242026−47.0%
Largest drawdowns

-53.2% (2019-03 peak to 2020-03 low, recovered 2020-06)

-40.8% (2024-06 peak to 2025-02 low, recovered 2025-05)

-40.4% (2022-08 peak to 2023-03 low, recovered 2023-06)

Most recent volume spikes

2026-07-31: 7.2x the 50-day median, price +7.9% 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?

83.4xP/E todayNear its historic high
Against its own history96th percentile
CheapestMedian 60.9xDearest

Usual range 22.4x to 80.1x since 2019-01.

Against Electronic Technology83.4x vs 55.3x
This company
83.4x
Sector median
55.3x

51% above the Electronic Technology median.

9.6x42.2x74.8x107.4xJan '19Aug '20Mar '22Oct '23May '25Nov '269.6x42.2x74.8x107.4xJan '19Sep '21May '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

  • ROCE65th▲ 3 pts vs a year ago
  • Op. margin71st▼ 8 pts vs a year ago
  • Revenue growth25th▼ 17 pts vs a year ago
  • EPS growth46th▼ 7 pts vs a year ago
  • Debt/equity ↓54th▲ 19 pts vs a year ago
  • Cash cycle ↓10th▲ 3 pts vs a year ago
  • P/E ↓32nd▼ 20 pts vs a year ago
  • 12M momentum86th▲ 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?

~39%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 136.8x, a holder earning 12%/yr needs earnings to grow about 39.0%/yr for 10 years, then trade at 15x.

Delivered18.3%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+20.7 ptsimplied minus delivered
Rank134thmost demanding of 856

Over time

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

-18%13%44% Jan 2019Nov 2026 -18%13%44% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x40.8%42.1%43.3%
15x37.8%39.0%40.3%
20x34.0%35.2%36.4%

Drag a slider to test other assumptions

Implied: 39.0%/yr

Looking back

  • Jan 2020Price implied 12%/yr; EPS has since grown 50%/yr (7.0 yrs)
  • Jan 2021Price implied 15%/yr; EPS has since grown 26%/yr (6.0 yrs)
  • Jan 2022Price implied 24%/yr; EPS has since grown 43%/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
₹1659.70
P/E
83.4x
ROCE
20.0%
Market Cap
₹15755 cr
Revenue (TTM)
₹1140 cr
P/S
13.8x
P/B
12.0x
ROE
14.4%
Operating Margin
19.0%
Debt / Equity
0.2x
Promoter Holding
6.5%
12M Momentum
78.0%

52-week range

₹851.00₹1960.00
73% of the way from its 52-week low to its high

Price risk

1Y volatility
39.6%
Beta vs sector
1-year daily
0.92

Balance sheet & cash

Interest cover
operating profit ÷ interest
6.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.25x
low
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range1 beyond a threshold
Other income reliance11%Within range

Other income as a share of pre-tax profit (trailing twelve months): 11.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 24.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.25xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.25x (cash from operations ₹115 cr, net profit ₹468 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+13 daysWithin range

Debtor days are above the median of the previous three fiscal years by 13 days (216 vs 203). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress3% of fixed assetsWithin range

Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+17 days / 2 yrsWithin range

Days payable changed by +17 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 added 7.8 pts; DIIs added 1.3 pts.
  • The number of shareholders rose from 71,368 to 1.2 lakh (+65%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters6.5%6.5%0.0 pts
FIIs2.9%10.7%+7.8 pts
DIIs14.8%16.1%+1.3 pts
Public and others75.7%66.6%-9.1 pts

Number of shareholders

1.2 lakhshareholders+65% since Dec '23
71k87k1.0L1.2L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 71,368
Mar '24: 73,483
Jun '24: 93,505
Sep '24: 99,071
Dec '24: 95,790
Mar '25: 94,367
Jun '25: 1.1 lakh
Sep '25: 1.2 lakh
Dec '25: 1.2 lakh
Mar '26: 1.2 lakh
Jun '26: 1.2 lakh
 71k87k1.0L1.2L Dec '23Dec '24Dec '25Jun '26
Dec '23: 71,368
Mar '24: 73,483
Jun '24: 93,505
Sep '24: 99,071
Dec '24: 95,790
Mar '25: 94,367
Jun '25: 1.1 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

−15.0%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like ASTRA MICROWAVE PRODUCTS 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 −27% to +13% vs the market, against −1% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −14.3%, 80% range −21.8% to −7.9%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ASTEC · Oct 2022: −48.7% vs market
EPL · Aug 2020: −46.0% vs market
TRIDENT · Jan 2022: −43.1% vs market
NATCOPHARM · Oct 2020: −42.5% vs market
MIDHANI · Jan 2024: −41.2% vs market
UNITDSPR · May 2020: −40.8% vs market
MOLDTKPAC · Feb 2023: −40.8% vs market
CERA · May 2023: −35.1% vs market
SYMPHONY · Feb 2020: −35.1% vs market
LTTS · Nov 2021: −33.9% vs market
FLUOROCHEM · Oct 2022: −33.4% vs market
FINEORG · Aug 2020: −28.0% vs market
RAINBOW · Jul 2023: −27.3% vs market
EMAMILTD · Mar 2021: −25.5% vs market
APCOTEXIND · Jun 2022: −25.3% vs market
BORORENEW · May 2022: −23.9% vs market
HINDCOPPER · Mar 2024: −23.4% vs market
GODREJCP · May 2020: −22.4% vs market
RADICO · Dec 2021: −21.0% vs market
FORTIS · Oct 2025: −20.6% vs market
COHANCE · Sep 2024: −18.8% vs market
MEDANTA · Apr 2024: −18.5% vs market
ERIS · May 2020: −18.5% vs market
HSCL · Oct 2024: −18.0% vs market
CENTURYPLY · Nov 2021: −17.5% vs market
KPRMILL · Jul 2025: −12.6% vs market
ORIENTELEC · Mar 2020: −11.8% vs market
TASTYBITE · Mar 2020: −11.5% vs market
LUXIND · Feb 2020: −9.4% vs market
AARTIIND · May 2020: −1.3% vs market
IPCALAB · Feb 2020: −0.2% vs market
AMRUTANJAN · Apr 2020: +2.0% vs market
BALAMINES · May 2021: +5.9% vs market
MAXHEALTH · Jun 2023: +7.1% vs market
GARFIBRES · Aug 2020: +9.2% vs market
TIINDIA · Mar 2021: +10.2% vs market
TEGA · Sep 2025: +10.8% vs market
ABDL · Aug 2025: +13.6% vs market
BECTORFOOD · May 2023: +16.2% vs market
SUZLON · Jun 2024: +25.5% vs market
ELGIEQUIP · Jun 2022: +25.8% vs market
ASTRAL · Mar 2020: +27.7% vs market
KFINTECH · Feb 2024: +32.3% vs market
KPITTECH · Oct 2022: +56.4% vs market
ACUTAAS · Feb 2025: +68.7% vs market
GVT&D · Jan 2025: +70.4% vs market
SOLARINDS · Jun 2024: +72.0% vs market
ATGL · Jan 2020: +92.3% vs market
POLYMED · Mar 2020: +96.3% vs market
SHAILY · Oct 2024: +119.8% vs market
Similar setups −15.0%All companies −0.7%← 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
−15.0%
All companies' median
−0.7%
Beat the market
38% vs 49%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KPITTECH
Technology Services		 Oct 2022 71x24% +130%−5% +56%
POLYMED
Health Technology		 Mar 2020 32x22% +6%−29% +96%
RAINBOW
Health Services		 Jul 2023 53x24% +126%−1% −27%
MEDANTA
Health Services		 Apr 2024 119x17% +180%−3% −19%
LTTS
Technology Services		 Nov 2021 84x27% +206%−7% −34%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TEGA
Producer Manufacturing		 Sep 2025 63x18% +1%−14% +11%
HINDCOPPER
Non-Energy Minerals		 Mar 2024 91x18% +183%−8% −23%
BALAMINES
Process Industries		 May 2021 87x18% +596%−3% +6%
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: drawdown from 12-month high, size 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 ASTRA MICROWAVE PRODUCTS 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.

SANSERA ENGINEERINGSANSERA
Producer Manufacturing
66%similar
operating marginP/E
SAI LIFE SCIENCESSAILIFE
Health Technology
65%similar
ROCEP/E
SHAILY ENGINEERING PLASTICS LTSHAILY
Process Industries
63%similar
P/Emarket cap
NEULAND LABORATORIESNEULANDLAB
Health Technology
62%similar
EPS growthdebt/equity
HONASA CONSUMERHONASA
Consumer Non-Durables
60%similar
market capROCE
CENTUM ELECTRONICSCENTUM
Electronic Technology
53%similar
revenueP/E
AVALON TECHNOLOGIESAVALON
Electronic Technology
48%similar
P/EROCE
DATA PATTERNS INDIADATAPATTNS
Electronic Technology
46%similar
P/EEPS growth

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

What changed?

30 events since Dec '23

  1. NovValuationP/E crossed above the 90th percentile of its own history to date (83.4x).
  2. SepInstitutionsFII + DII holding rose 5.8 pts over 2 quarters to 26.8%.
  3. SepPeer rankSlipped to the 2nd quartile of Electronic Technology on operating margin (from the top quartile).
  4. JulPriceVolume reached 7.2x its 50-day median on 2026-07-31; price +7.9% that day.
  5. JunResultsRevenue (TTM) reached a new high of ₹1,163 cr.
  6. JunPeer rankMoved into the 2nd quartile of Electronic Technology on EPS growth (from the 3rd quartile).
  7. MayPriceRegained the 2025-06 peak, 2 months after the low.
  8. MayValuationP/E crossed above the 90th percentile of its own history to date (82.9x).
Show 22 earlier events
  1. MayPriceVolume reached 28.7x its 50-day median on 2026-05-26; price +9.8% that day.
  2. MarPriceFell 27% from the Jun 2025 peak to the Mar 2026 low.
  3. MarPeer rankSlipped to the 3rd quartile of Electronic Technology on EPS growth (from the 2nd quartile).
  4. MarPriceVolume reached 5.3x its 50-day median on 2026-03-05; price +3.5% that day.
  5. OctPriceVolume reached 13.0x its 50-day median on 2025-10-03; price +10.9% that day.
  6. SepPriceVolume reached 6.6x its 50-day median on 2025-09-12; price +7.1% that day.
  7. JunPeer rankSlipped to the 2nd quartile of Electronic Technology on EPS growth (from the top quartile).
  8. MayPriceRegained the 2024-06 peak, 3 months after the low.
  9. MayValuationP/E crossed above the 90th percentile of its own history to date (77.4x).
  10. MayPriceVolume reached 12.6x its 50-day median on 2025-05-15; price +9.1% that day.
  11. FebPriceFell 41% from the Jun 2024 peak to the Feb 2025 low.
  12. DecInstitutionsFII + DII holding rose 3.9 pts over 2 quarters to 20.7%.
  13. DecPeer rankMoved into the top quartile of Electronic Technology on operating margin (from the 2nd quartile).
  14. DecPriceVolume reached 6.8x its 50-day median on 2024-12-13; price +2.1% that day.
  15. SepPeer rankSlipped to the 2nd quartile of Electronic Technology on operating margin (from the top quartile).
  16. SepPriceVolume reached 5.7x its 50-day median on 2024-09-20; price +4.2% that day.
  17. JunResultsRevenue (TTM) reached a new high of ₹909 cr.
  18. JunSharesShare count is up 11.8% over 12 months.
  19. MayPriceVolume reached 22.8x its 50-day median on 2024-05-27; price +9.7% that day.
  20. AprValuationP/E crossed above the 90th percentile of its own history to date (86.5x).
  21. MarPriceVolume reached 6.4x its 50-day median on 2024-03-28; price +9.6% that day.
  22. DecValuationP/E crossed above the 90th percentile of its own history to date (74.8x).

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
2026-1183.4x₹1140 cr14.4%20.0%0.2x
2026-1076.1x₹1140 cr14.4%20.0%0.2x
2026-0982.2x₹1140 cr14.4%20.0%0.2x
2026-0882.0x₹1163 cr14.7%20.0%0.2x
2026-0791.6x₹1163 cr14.7%20.0%0.2x
2026-0686.7x₹1163 cr14.7%20.0%0.2x
2026-0582.9x₹1083 cr14.6%19.0%0.4x
2026-0466.6x₹1083 cr14.6%19.0%0.4x
2026-0350.6x₹1083 cr14.6%19.0%0.4x
2026-0257.1x₹1082 cr14.6%19.0%0.4x
2026-0157.9x₹1082 cr14.6%19.0%0.4x
2025-1257.8x₹1082 cr14.6%19.0%0.4x
2025-1154.5x₹1097 cr14.7%19.0%0.4x
2025-1060.9x₹1097 cr14.7%19.0%0.4x
2025-0957.5x₹1097 cr14.7%19.0%0.4x
2025-0863.3x₹1052 cr13.8%19.0%0.4x
2025-0759.3x₹1052 cr13.8%19.0%0.4x
2025-0664.2x₹1052 cr13.8%19.0%0.4x
2025-0577.4x₹998 cr13.8%19.0%0.2x
2025-0458.5x₹998 cr13.8%19.0%0.2x
2025-0347.5x₹998 cr13.8%19.0%0.2x
2025-0244.2x₹970 cr13.4%19.0%0.2x
2025-0154.1x₹970 cr13.4%19.0%0.2x
2024-1255.9x₹970 cr13.4%19.0%0.2x
2024-1156.2x₹930 cr13.9%19.0%0.2x
2024-1055.7x₹930 cr13.9%19.0%0.2x
2024-0959.1x₹930 cr13.9%19.0%0.2x
2024-0870.9x₹909 cr12.4%19.0%0.2x
2024-0770.1x₹909 cr12.4%19.0%0.2x
2024-0674.5x₹909 cr12.4%19.0%0.2x
2024-05107.4x₹816 cr10.9%17.0%0.3x
2024-0486.5x₹816 cr10.9%17.0%0.3x
2024-0374.0x₹816 cr10.9%17.0%0.3x
2024-0276.6x₹816 cr10.9%17.0%0.3x
2024-0171.6x₹816 cr10.9%17.0%0.3x
2023-1274.8x₹816 cr10.9%17.0%0.3x
2023-1171.6x₹816 cr10.9%17.0%0.3x
2023-1057.8x₹816 cr10.9%17.0%0.3x
2023-0953.1x₹816 cr10.9%17.0%0.3x
2023-0849.1x₹816 cr10.9%17.0%0.3x
2023-0746.4x₹816 cr10.9%17.0%0.3x
2023-0645.6x₹816 cr10.9%17.0%0.3x
2023-0578.4x₹750 cr6.5%11.0%0.1x
2023-0470.5x₹750 cr6.5%11.0%0.1x
2023-0351.4x₹750 cr6.5%11.0%0.1x
2023-0259.6x₹750 cr6.5%11.0%0.1x
2023-0162.4x₹750 cr6.5%11.0%0.1x
2022-1265.4x₹750 cr6.5%11.0%0.1x
2022-1170.8x₹750 cr6.5%11.0%0.1x
2022-1069.7x₹750 cr6.5%11.0%0.1x
2022-0969.1x₹750 cr6.5%11.0%0.1x
2022-0880.9x₹750 cr6.5%11.0%0.1x
2022-0764.8x₹750 cr6.5%11.0%0.1x
2022-0645.0x₹750 cr6.5%11.0%0.1x
2022-0565.6x₹641 cr5.2%10.0%0.2x
2022-0475.9x₹641 cr5.2%10.0%0.2x
2022-0367.6x₹641 cr5.2%10.0%0.2x
2022-0257.9x₹641 cr5.2%10.0%0.2x
2022-0165.4x₹641 cr5.2%10.0%0.2x
2021-1270.3x₹641 cr5.2%10.0%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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