अApnaFunda

AWFIS SPACE SOLUTIONS LIMITED (AWFIS)

Finance · Real Estate Development · 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.38 / 100
Profitability 64Balance sheet 11
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.75 / 100
Price 73Earnings 54FII/DII 98

Share price

Closing priceAdjusted for splits and bonus issues.

₹278.57 latest close · −7.6% over the last 90 sessions

₹250₹300Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹250₹300Jul 3Sep 4Nov 9

₹278.57 month-end · −48.0% over 12 months

₹300₹400₹500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹300₹400₹500Nov '25May '26Nov '26

₹278.57 month-end · −30.9% since May '24

₹200₹400₹600₹800May '24Nov '24May '25Nov '25May '26Nov '26 ₹200₹400₹600₹800May '24Aug '25Nov '26

52-week range ₹216.45 to ₹639.40 · 1-year volatility 50.9%

Was the rally earned?

-48%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 8 points, but investors now pay less per rupee of profit (P/E 50.4x to 23.5x), which took 56 points back.
  • The share count barely moved.
Net profit growth: +9 pts. Points of the price return explained by net profit growing (or shrinking).+9 ptsNet profit growthP/E change: −56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−56 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: −48%−48%Share priceNet profit growth: +9 pts. Points of the price return explained by net profit growing (or shrinking).+9ProfitP/E change: −56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−56P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −48%−48%Share price
Net profit growth+9 ptsNet profit rose about 13%, which lifts the price.
P/E change-56 ptsThe P/E fell from 50.4x to 23.5x, which lowers 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.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with DLF

How rough has the ride been?

Maximum drawdown-75.4%not yet recovered
1-year volatility50.9%annualised
Beta vs sector index1.063-year daily, correlation 0.41
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%20252026−75.4% 0%−25%−50%−75%20252026−75.4%
Largest drawdowns

-75.4% (2024-08 peak to 2026-10 low, not yet recovered)

Most recent volume spikes

2026-11-04: 39.7x the 50-day median, price +6.2% that day

2026-10-09: 5.4x the 50-day median, price +3.7% that day

2026-09-15: 21.6x the 50-day median, price -6.2% 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).

Where does it rank among Finance peers?

Each cell is the company's percentile rank among its Finance 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

  • ROCE68th▲ 8 pts vs a year ago
  • Op. margin59th▲ 3 pts vs a year ago
  • Revenue growth65th▼ 17 pts vs a year ago
  • EPS growth55th
  • Debt/equity ↓7thflat vs a year ago
  • Cash cycle ↓50th▲ 3 pts vs a year ago
  • P/E ↓45th▲ 23 pts vs a year ago
  • 12M momentum6th▼ 31 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 Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~17%annual earnings growth implied by the price

At a P/E of 23.5x, the price would imply about 17.1%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹278.57
P/E
23.5x
ROCE
14.0%
Market Cap
₹1993 cr
Revenue (TTM)
₹1584 cr
P/S
1.3x
P/B
3.6x
ROE
15.3%
Operating Margin
38.0%
Debt / Equity
2.7x
Promoter Holding
17.0%
12M Momentum
-48.0%

52-week range

₹216.45₹639.40
15% of the way from its 52-week low to its high

Price risk

1Y volatility
50.9%
Beta vs sector
1-year daily
1.22

Balance sheet & cash

Interest cover
operating profit ÷ interest
1.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
5.00x
Share count, 1Y
+1.4%

Are profits backed by cash?

4 of 6checks within range2 beyond a threshold
Other income reliance114%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 114.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate2%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: 1.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion9.98xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 9.98x (cash from operations ₹1,208 cr, net profit ₹121 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

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

Receivable days vs history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (34 vs 34). 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—Not enough data

Not enough reported data to compute this.

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, DIIs added 25.0 pts; promoters trimmed 11.6 pts; FIIs added 4.4 pts.
  • The number of shareholders rose from 22,980 to 49,296 (+115%) between Jun 2024 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupJun '24Jun '26Change
Promoters28.6%17.0%-11.6 pts
FIIs22.5%26.9%+4.4 pts
DIIs13.5%38.5%+25.0 pts
Public and others35.4%17.6%-17.8 pts

Number of shareholders

49,296shareholders+115% since Jun '24
23k32k41k49k Jun '24Dec '24Jun '25Dec '25Jun '26
Jun '24: 22,980
Sep '24: 36,589
Dec '24: 38,910
Mar '25: 39,122
Jun '25: 42,515
Sep '25: 45,114
Dec '25: 47,467
Mar '26: 48,389
Jun '26: 49,296
23k32k41k49k Jun '24Mar '25Dec '25Jun '26
Jun '24: 22,980
Sep '24: 36,589
Dec '24: 38,910
Mar '25: 39,122
Jun '25: 42,515
Sep '25: 45,114
Dec '25: 47,467
Mar '26: 48,389
Jun '26: 49,296

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+1.8%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 AWFIS SPACE SOLUTIONS 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 −18% to +36% vs the market, against +3% for all non-financial companies in the same months.
  • The gap against the base rate (−1.1%, 80% range −6.9% to +4.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ZEELEARN · Aug 2020: −49.6% vs market
NACLIND · Oct 2023: −48.8% vs market
HINDWAREAP · Apr 2024: −42.9% vs market
BBTCL · Sep 2023: −38.8% vs market
JMFINANCIL · Jan 2021: −32.6% vs market
GREENPOWER · Jun 2020: −32.5% vs market
EDELWEISS · Jun 2021: −28.8% vs market
INDIANHUME · Oct 2020: −25.6% vs market
VISHWARAJ · Mar 2022: −24.8% vs market
ATL · Dec 2024: −24.7% vs market
STEELXIND · Jan 2025: −24.3% vs market
GRMOVER · Oct 2023: −20.4% vs market
CAMLINFINE · Dec 2023: −18.0% vs market
CANTABIL · Aug 2023: −17.8% vs market
MUKTAARTS · Apr 2020: −15.7% vs market
GRPLTD · Jul 2025: −15.4% vs market
DYNPRO · Sep 2022: −11.7% vs market
KESORAMIND · Dec 2021: −5.5% vs market
SUZLON · Jul 2021: −3.0% vs market
BASML · Feb 2020: −2.5% vs market
BIRLAMONEY · Oct 2021: −2.4% vs market
HIMATSEIDE · Jan 2020: −2.3% vs market
INDOAMIN · Aug 2023: −1.6% vs market
CENTUM · May 2020: −0.5% vs market
BFUTILITIE · Jun 2022: +1.2% vs market
MITCON · Apr 2025: +2.4% vs market
PFOCUS · May 2024: +3.1% vs market
EMAMIPAP · May 2020: +5.7% vs market
GOACARBON · Sep 2020: +8.5% vs market
ASHOKA · Jun 2020: +9.9% vs market
ARIHANTSUP · Feb 2020: +17.0% vs market
JINDWORLD · May 2020: +17.6% vs market
POKARNA · Jul 2023: +24.1% vs market
PRAXIS · Oct 2022: +27.6% vs market
DBL · Jun 2020: +28.6% vs market
AJMERA · Sep 2022: +28.8% vs market
ASAL · Mar 2023: +31.8% vs market
EMBDL · May 2020: +37.2% vs market
SOBHA · May 2020: +45.2% vs market
DYNAMATECH · May 2020: +49.6% vs market
MMFL · Apr 2020: +51.5% vs market
ORIENTCEM · Apr 2020: +61.3% vs market
GRAVITA · Apr 2020: +62.3% vs market
CHALET · Apr 2021: +68.6% vs market
PURVA · Jul 2020: +71.9% vs market
NETWORK18 · May 2021: +72.1% vs market
KIRLOSENG · Feb 2025: +104.9% vs market
PRSMJOHNSN · May 2020: +122.2% vs market
PATELENG · Dec 2022: +180.3% vs market
EVEREADY · Feb 2020: +248.8% vs market
Similar setups +1.8%All companies +2.9%← 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
+1.8%
All companies' median
+2.9%
Beat the market
52% vs 53%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
HINDWAREAP
Producer Manufacturing
Apr 2024 50x15% −7%−45% −43%
ASHOKA
Industrial Services
Jun 2020 11x20% −56%−58% +10%
DYNAMATECH
Producer Manufacturing
May 2020 12x13% −65%−67% +50%
GREENPOWER
Utilities
Jun 2020 12x10% −46%−52% −33%
BFUTILITIE
Industrial Services
Jun 2022 22x16% −37%−42% +1%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ARIHANTSUP
Finance
Feb 2020 8x12% −50%−62% +17%
PRAXIS
Retail Trade
Oct 2022 27x19% −26%−61% +28%
PRSMJOHNSN
Non-Energy Minerals
May 2020 14x13% −66%−67% +122%
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: ROCE, P/S and 12-month momentum. 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 AWFIS SPACE SOLUTIONS 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.

SANGHVI MOVERSSANGHVIMOV
Industrial Services
55%similar
operating marginrevenue
Producer Manufacturing
52%similar
market capvolatility
Utilities
50%similar
ROCEoperating margin
Producer Manufacturing
47%similar
debt/equityvolatility
CARYSILCARYSIL
Consumer Durables
46%similar
P/Emarket cap
Finance
48%similar
debt/equityROCE
Finance
47%similar
volatilitydebt/equity
Finance
43%similar
market capoperating margin

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

What changed?

19 events since Aug '24

  1. NovPriceVolume reached 39.7x its 50-day median on 2026-11-04; price +6.2% that day.
  2. OctPriceFell 75% from the Aug 2024 peak to the Oct 2026 low.
  3. SepPriceVolume reached 135.8x its 50-day median on 2026-09-11; price +17.5% that day.
  4. MayPriceVolume reached 11.5x its 50-day median on 2026-05-26; price -1.2% that day.
  5. FebPriceVolume reached 14.6x its 50-day median on 2026-02-23; price +6.1% that day.
  6. DecPromoterPromoter holding fell 3.3 pts to 17.0% (largest drop since 2025-03).
  7. OctPriceVolume reached 20.8x its 50-day median on 2025-10-14; price -1.9% that day.
  8. SepInstitutionsFII + DII holding rose 8.6 pts over 2 quarters to 59.1%.
Show 11 earlier events
  1. AugPriceVolume reached 23.2x its 50-day median on 2025-08-12; price +2.8% that day.
  2. JunPeer rankMoved into the 2nd quartile of Finance on ROCE (from the 3rd quartile).
  3. JunSharesShare count is up 200.0% over 12 months.
  4. JunPriceVolume reached 8.1x its 50-day median on 2025-06-25; price -1.3% that day.
  5. MarPromoterPromoter holding fell 7.8 pts to 20.4%.
  6. MarPriceVolume reached 5.7x its 50-day median on 2025-03-27; price +2.5% that day.
  7. DecInstitutionsFII + DII holding rose 5.4 pts over 1 quarter to 41.5%.
  8. DecPeer rankMoved into the 2nd quartile of Finance on operating margin (from the 3rd quartile).
  9. DecPriceVolume reached 15.3x its 50-day median on 2024-12-11; price +8.4% that day.
  10. SepPeer rankSlipped to the 3rd quartile of Finance on operating margin (from the 2nd quartile).
  11. AugPriceVolume reached 13.7x its 50-day median on 2024-08-22; price +9.3% 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 history31 months · 2024-05 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1123.5x₹1584 cr15.3%14.0%2.7x
2026-1019.7x₹1584 cr15.4%14.0%2.7x
2026-0920.6x₹1584 cr15.4%14.0%2.7x
2026-0826.1x₹1494 cr12.8%14.0%2.7x
2026-0728.1x₹1494 cr12.8%14.0%2.7x
2026-0630.5x₹1494 cr12.8%14.0%2.7x
2026-0539.8x₹1424 cr12.9%13.0%3.1x
2026-0442.6x₹1424 cr12.9%13.0%3.1x
2026-0328.0x₹1424 cr12.9%13.0%3.1x
2026-0239.8x₹1360 cr11.3%13.0%3.1x
2026-0152.8x₹1360 cr11.3%13.0%3.1x
2025-1267.0x₹1360 cr11.3%13.0%3.1x
2025-1150.4x₹1285 cr16.3%13.0%3.1x
2025-1056.5x₹1285 cr16.3%13.0%3.1x
2025-0953.6x₹1285 cr16.3%13.0%3.1x
2025-0858.8x₹1208 cr14.8%13.0%3.1x
2025-0761.8x₹1208 cr14.8%13.0%3.1x
2025-0666.7x₹1208 cr14.8%13.0%3.1x
2025-05—₹1100 cr—9.0%—
2025-04—₹1100 cr—9.0%—
2025-03—₹1100 cr—9.0%—
2025-02—₹1003 cr—9.0%—
2025-01—₹1003 cr—9.0%—
2024-12—₹1003 cr—9.0%—
2024-11—₹919 cr—9.0%—
2024-10—₹919 cr—9.0%—
2024-09—₹919 cr—9.0%—
2024-08—₹849 cr—9.0%—
2024-07—₹849 cr—9.0%—
2024-06—₹849 cr—9.0%—
2024-05—₹545 cr—5.0%—

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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