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BAJAJ AUTO LIMITED (BAJAJ-AUTO)

Consumer Durables · Motor Vehicles · 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 86Growth 66Balance sheet 37
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.57 / 100
Price 50Earnings 60FII/DII 59

Passes these screensQuality CompounderConsistent compounders

Compare withMAHINDRA & MAHINDRAMARUTI SUZUKI INDIATVS MOTOR COMPANY

Share price

Closing priceAdjusted for splits and bonus issues.

₹10,979 latest close · +12.2% over the last 90 sessions

₹10,000₹11,000₹12,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹10,000₹11,000₹12,000Jul 3Sep 4Nov 9

₹10,979 month-end · +21.0% over 12 months

₹10,000₹12,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹10,000₹12,000Nov '25May '26Nov '26

₹10,979 month-end · +84.8% over 3 years

₹6,000₹8,000₹10,000₹12,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹6,000₹8,000₹10,000₹12,000Nov '23May '25Nov '26

₹10,979 month-end · +340.7% since Jan '19

₹5,000₹10,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹5,000₹10,000Jan '19Dec '22Nov '26

52-week range ₹8605.00 to ₹12470.00 · 1-year volatility 24.7%

Was the rally earned?

+21%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 48 points, but investors now pay less per rupee of profit (P/E 33.4x to 26.1x), which took 27 points back.
  • The share count barely moved.
Net profit growth: +46 pts. Points of the price return explained by net profit growing (or shrinking).+46 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: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2 ptsShare count changeShare price: +21%+21%Share priceNet profit growth: +46 pts. Points of the price return explained by net profit growing (or shrinking).+46ProfitP/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: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: +21%+21%Share price
Net profit growth+46 ptsNet profit rose about 52%, which lifts the price.
P/E change-27 ptsThe P/E fell from 33.4x to 26.1x, which lowers the price.
Share count change+2 ptsShare count was little changed. More shares would count against the price.
+85%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 93 points, but investors now pay less per rupee of profit (P/E 27.7x to 26.1x), which took 8 points back.
  • The share count fell 3%.
Net profit growth: +89 pts. Points of the price return explained by net profit growing (or shrinking).+89 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: +4 pts. Points of the price return explained by the share count changing. More shares count against the price.+4 ptsShare count changeShare price: +85%+85%Share priceNet profit growth: +89 pts. Points of the price return explained by net profit growing (or shrinking).+89ProfitP/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: +4 pts. Points of the price return explained by the share count changing. More shares count against the price.+4SharesShare price: +85%+85%Share price
Net profit growth+89 ptsNet profit rose about 91%, which lifts the price.
P/E change-8 ptsThe P/E fell from 27.7x to 26.1x, which lowers the price.
Share count change+4 ptsShare count fell 3%, which lifts the price.
+247%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 183 points to the rise, while the multiple moved less (P/E 18.8x to 26.1x).
  • The share count fell 5%.
Net profit growth: +172 pts. Points of the price return explained by net profit growing (or shrinking).+172 ptsNet profit growthP/E change: +65 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+65 ptsP/E changeShare count change: +10 pts. Points of the price return explained by the share count changing. More shares count against the price.+10 ptsShare count changeShare price: +247%+247%Share priceNet profit growth: +172 pts. Points of the price return explained by net profit growing (or shrinking).+172ProfitP/E change: +65 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+65P/EShare count change: +10 pts. Points of the price return explained by the share count changing. More shares count against the price.+10SharesShare price: +247%+247%Share price
Net profit growth+172 ptsNet profit rose about 138%, which lifts the price.
P/E change+65 ptsThe P/E rose from 18.8x to 26.1x, which lifts the price.
Share count change+10 ptsShare count fell 5%, which lifts 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 MAHINDRA & MAHINDRA

How rough has the ride been?

Maximum drawdown-42.3%recovered 2026-09
1-year volatility24.7%annualised
Beta vs sector index0.843-year daily, correlation 0.57
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−40.8% 0%−20%−40%2020202220242026−40.8%
Largest drawdowns

-42.3% (2024-09 peak to 2025-04 low, recovered 2026-09)

-41.1% (2020-02 peak to 2020-03 low, recovered 2020-12)

-27.7% (2021-06 peak to 2021-12 low, recovered 2023-04)

Most recent volume spikes

2026-10-01: 6.3x the 50-day median, price -7.6% 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?

26.1xP/E todayWithin its usual range
Against its own history65th percentile
CheapestMedian 21.7xDearest

Usual range 16.2x to 33.5x since 2019-01.

Against Consumer Durables26.1x vs 25.5x
This company
26.1x
Sector median
25.5x

Close to the Consumer Durables median.

11.6x22.7x33.8x44.8xJan '19Aug '20Mar '22Oct '23May '25Nov '2611.6x22.7x33.8x44.8xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Durables 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 Consumer Durables is valued

Where does it rank among Consumer Durables peers?

Each cell is the company's percentile rank among its Consumer Durables 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

  • ROCE84th▼ 6 pts vs a year ago
  • Op. margin89th▼ 4 pts vs a year ago
  • Revenue growth77th▲ 24 pts vs a year ago
  • EPS growth79th▲ 49 pts vs a year ago
  • Debt/equity ↓30th▼ 26 pts vs a year ago
  • Cash cycle ↓84th▼ 7 pts vs a year ago
  • P/E ↓47th▼ 7 pts vs a year ago
  • 12M momentum79th▲ 22 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 Consumer Durables sector page Watch it move against Consumer Durables in the Observatory

What is the price implying?

~15%annual earnings growth implied by the priceAbove delivered growth

At P/E of 26.1x, a holder earning 12%/yr needs earnings to grow about 14.5%/yr for 10 years, then trade at 15x.

Delivered10.3%/yrEPS, last 10 fiscal years · fitted trend
Gap+4.2 ptsimplied minus delivered
Rank444thmost demanding of 856

Over time

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

0%10%21% Jan 2019Nov 2026 0%10%21% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x15.5%16.6%17.6%
15x13.5%14.5%15.5%
20x10.8%11.8%12.8%

Drag a slider to test other assumptions

Implied: 14.5%/yr

Looking back

  • Jan 2020Price implied 12%/yr; EPS has since grown 12%/yr (7.0 yrs)
  • Jan 2021Price implied 14%/yr; EPS has since grown 13%/yr (6.0 yrs)
  • Jan 2022Price implied 13%/yr; EPS has since grown 18%/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 Consumer Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹10979.00
P/E
26.1x
ROCE
28.0%
Market Cap
₹3.02L cr
Revenue (TTM)
₹71460 cr
P/S
4.2x
P/B
7.8x
ROE
29.8%
Operating Margin
21.0%
Debt / Equity
0.6x
Promoter Holding
55.0%
12M Momentum
21.0%

52-week range

₹8605.00₹12470.00
61% of the way from its 52-week low to its high

Price risk

1Y volatility
24.7%
Beta vs sector
1-year daily
0.79

Balance sheet & cash

Interest cover
operating profit ÷ interest
12.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.30x
low
Share count, 1Y
+0.4%

Are profits backed by cash?

5 of 7checks within range1 beyond a threshold
Other income reliance23%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 22.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.30xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.30x (cash from operations ₹7,749 cr, net profit ₹25,607 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+3 daysWithin range

Debtor days are above the median of the previous three fiscal years by 3 days (20 vs 17). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress13% of fixed assetsWithin range

Capital work-in-progress is 13% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+12 days / 2 yrsWithin range

Days payable changed by +12 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, FIIs trimmed 5.4 pts; DIIs added 4.4 pts.
  • The number of shareholders rose from 2.0 lakh to 6.8 lakh (+245%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters55.0%55.0%0.0 pts
FIIs14.4%9.0%-5.4 pts
DIIs9.0%13.4%+4.4 pts
Public and others21.5%22.4%+0.9 pts

Number of shareholders

6.8 lakhshareholders+245% since Sep '23
2.0L3.6L5.2L6.8L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 2.0 lakh
Dec '23: 2.0 lakh
Mar '24: 3.0 lakh
Jun '24: 2.7 lakh
Sep '24: 2.7 lakh
Dec '24: 3.5 lakh
Mar '25: 3.4 lakh
Jun '25: 3.6 lakh
Sep '25: 3.6 lakh
Dec '25: 3.3 lakh
Mar '26: 3.1 lakh
Jun '26: 6.8 lakh
 2.0L3.6L5.2L6.8L Sep '23Sep '24Sep '25Jun '26
Sep '23: 2.0 lakh
Dec '23: 2.0 lakh
Mar '24: 3.0 lakh
Jun '24: 2.7 lakh
Sep '24: 2.7 lakh
Dec '24: 3.5 lakh
Mar '25: 3.4 lakh
Jun '25: 3.6 lakh
Sep '25: 3.6 lakh
Dec '25: 3.3 lakh
Mar '26: 3.1 lakh
Jun '26: 6.8 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

−8.5%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 BAJAJ AUTO 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 −20% to +11% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−3.4%, 80% range −11.6% to +3.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%
AUROPHARMA · Apr 2021: −48.2% vs market
PETRONET · Mar 2020: −37.4% vs market
BLUEDART · Aug 2022: −32.8% vs market
COROMANDEL · Oct 2020: −32.3% vs market
BALKRISIND · Feb 2023: −25.9% vs market
MPHASIS · Jun 2025: −22.7% vs market
JKCEMENT · Aug 2021: −22.5% vs market
SFL · Dec 2021: −22.4% vs market
GSPL · May 2020: −22.1% vs market
TITAN · Jul 2023: −21.9% vs market
AIAENG · Aug 2023: −21.1% vs market
JSWSTEEL · Jul 2021: −20.6% vs market
ULTRACEMCO · Aug 2021: −20.4% vs market
KIMS · Jun 2023: −20.4% vs market
LTTS · Apr 2025: −20.2% vs market
HAL · Jun 2020: −19.0% vs market
VBL · Jan 2025: −17.2% vs market
SRF · Jun 2022: −15.3% vs market
DABUR · Apr 2025: −15.2% vs market
DRREDDY · Aug 2025: −14.9% vs market
BERGEPAINT · May 2025: −13.8% vs market
KPRMILL · Nov 2023: −12.4% vs market
JBCHEPHARM · May 2024: −11.8% vs market
ALKEM · Nov 2020: −10.4% vs market
MANKIND · Jul 2025: −8.7% vs market
SUNDRMFAST · Jan 2020: −8.4% vs market
COFORGE · Jan 2025: −5.7% vs market
ECLERX · Feb 2025: −5.2% vs market
BRITANNIA · Apr 2025: −1.3% vs market
BHARATFORG · Jan 2020: −0.1% vs market
INDHOTEL · Sep 2025: +0.6% vs market
MEDANTA · Oct 2025: +2.4% vs market
NH · May 2025: +6.2% vs market
APLLTD · Feb 2020: +7.4% vs market
HCLTECH · Jun 2020: +8.1% vs market
TECHM · Sep 2020: +8.2% vs market
TORNTPHARM · Oct 2024: +8.4% vs market
MARICO · Sep 2025: +12.1% vs market
IPCALAB · Jul 2025: +12.6% vs market
RELIANCE · Feb 2020: +15.3% vs market
APOLLOHOSP · Oct 2025: +16.2% vs market
ZYDUSLIFE · Sep 2025: +17.7% vs market
WIPRO · Oct 2020: +18.9% vs market
GLENMARK · Aug 2025: +19.7% vs market
LUPIN · Jun 2025: +24.6% vs market
EMCURE · Jul 2025: +32.0% vs market
CGPOWER · Dec 2022: +32.4% vs market
PERSISTENT · Dec 2023: +48.7% vs market
BLUESTARCO · Jul 2023: +49.1% vs market
SOLARINDS · Aug 2023: +50.6% vs market
Similar setups −8.5%All companies −5.1%← 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

Similar setups' median
−8.5%
All companies' median
−5.1%
Beat the market
40% vs 44%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
HCLTECH
Technology Services		 Jun 2020 14x27% +5%−10% +8%
WIPRO
Technology Services		 Oct 2020 19x20% +31%−10% +19%
LUPIN
Health Technology		 Jun 2025 27x21% +20%−19% +25%
SRF
Process Industries		 Jun 2022 35x24% +55%−18% −15%
HAL
Electronic Technology		 Jun 2020 9x24% +8%−12% −19%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ALKEM
Health Technology		 Nov 2020 30x18% +40%−5% −10%
TORNTPHARM
Health Technology		 Oct 2024 63x23% +66%−10% +8%
NH
Health Services		 May 2025 46x26% +47%−6% +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, 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 BAJAJ AUTO 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.

LUPINLUPIN
Health Technology
65%similar
ROCErevenue
PREMIER ENERGIESPREMIERENE
Electronic Technology
63%similar
P/EROCE
VARUN BEVERAGESVBL
Consumer Non-Durables
61%similar
market caprevenue
BHARTI AIRTELBHARTIARTL
Communications
60%similar
market caprevenue
LLOYDS METALS AND ENERGY LIMITLLOYDSME
Non-Energy Minerals
58%similar
ROCErevenue
MAHINDRA & MAHINDRAM&M
Consumer Durables
56%similar
market caprevenue
TITAN COMPANYTITAN
Consumer Durables
56%similar
revenuemarket cap
TVS MOTOR COMPANYTVSMOTOR
Consumer Durables
53%similar
revenuemarket cap

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

What changed?

30 events since Jan '21

  1. OctPriceVolume reached 6.3x its 50-day median on 2026-10-01; price -7.6% that day.
  2. SepPriceRegained the 2024-09 peak, 17 months after the low.
  3. JunPeer rankMoved into the top quartile of Consumer Durables on EPS growth (from the 2nd quartile).
  4. JunDividendDividend payout cut from 80% to 39% of profit.
  5. DecResultsYear-on-year EPS growth turned positive.
  6. DecPeer rankMoved into the 2nd quartile of Consumer Durables on EPS growth (from the 3rd quartile).
  7. JunResultsYear-on-year EPS growth turned negative.
  8. JunPeer rankSlipped to the 3rd quartile of Consumer Durables on EPS growth (from the 2nd quartile).
Show 22 earlier events
  1. AprPriceFell 42% from the Sep 2024 peak to the Apr 2025 low.
  2. OctPriceVolume reached 10.5x its 50-day median on 2024-10-17; price -12.9% that day.
  3. JunResultsRevenue (TTM) reached a new high of ₹44,870 cr.
  4. JunPeer rankMoved into the 2nd quartile of Consumer Durables on EPS growth (from the 3rd quartile).
  5. JunDividendDividend payout cut from 65% to 29% of profit.
  6. JanPriceVolume reached 5.3x its 50-day median on 2024-01-09; price +1.6% that day.
  7. OctPriceVolume reached 8.9x its 50-day median on 2023-10-19; price +6.7% that day.
  8. SepPriceVolume reached 5.3x its 50-day median on 2023-09-15; price +5.9% that day.
  9. JulValuationP/E crossed above the 90th percentile of its own history to date (22.5x).
  10. JunResultsRevenue (TTM) reached a new high of ₹36,455 cr.
  11. JunPeer rankSlipped to the 3rd quartile of Consumer Durables on EPS growth (from the 2nd quartile).
  12. AprPriceRegained the 2021-06 peak, 16 months after the low.
  13. JanPriceVolume reached 11.0x its 50-day median on 2023-01-27; price +5.9% that day.
  14. JunResultsYear-on-year EPS growth turned positive.
  15. MayValuationP/E crossed above the 90th percentile of its own history to date (22.5x).
  16. JanPriceVolume reached 5.0x its 50-day median on 2022-01-21; price +3.4% that day.
  17. DecPriceFell 28% from the Jun 2021 peak to the Dec 2021 low.
  18. DecPriceVolume reached 9.8x its 50-day median on 2021-12-17; price -2.3% that day.
  19. SepValuationP/E crossed above the 90th percentile of its own history to date (22.3x).
  20. JunResultsYear-on-year EPS growth turned negative.
  21. JanValuationP/E crossed above the 90th percentile of its own history to date (21.7x).
  22. JanPriceVolume reached 12.6x its 50-day median on 2021-01-22; price +10.4% 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1126.1x₹71460 cr29.8%28.0%0.6x
2026-1024.6x₹71460 cr29.8%28.0%0.6x
2026-0925.8x₹71460 cr29.8%28.0%0.6x
2026-0831.5x₹62904 cr27.2%28.0%0.6x
2026-0730.0x₹62904 cr27.2%28.0%0.6x
2026-0625.3x₹62904 cr27.2%28.0%0.6x
2026-0532.9x₹57718 cr25.2%28.0%0.3x
2026-0431.4x₹57718 cr25.2%28.0%0.3x
2026-0327.6x₹57718 cr25.2%28.0%0.3x
2026-0233.4x₹54683 cr23.7%28.0%0.3x
2026-0132.2x₹54683 cr23.7%28.0%0.3x
2025-1231.3x₹54683 cr23.7%28.0%0.3x
2025-1133.4x₹52195 cr21.6%28.0%0.3x
2025-1032.7x₹52195 cr21.6%28.0%0.3x
2025-0931.9x₹52195 cr21.6%28.0%0.3x
2025-0832.9x₹50994 cr20.8%28.0%0.3x
2025-0730.5x₹50994 cr20.8%28.0%0.3x
2025-0631.9x₹50994 cr20.8%28.0%0.3x
2025-0531.1x₹49903 cr26.0%34.0%0.1x
2025-0429.0x₹49903 cr26.0%34.0%0.1x
2025-0328.5x₹49903 cr26.0%34.0%0.1x
2025-0229.3x₹48899 cr25.5%34.0%0.1x
2025-0132.8x₹48899 cr25.5%34.0%0.1x
2024-1232.6x₹48899 cr25.5%34.0%0.1x
2024-1130.9x₹46490 cr27.6%34.0%0.1x
2024-1033.7x₹46490 cr27.6%34.0%0.1x
2024-0942.3x₹46490 cr27.6%34.0%0.1x
2024-0838.5x₹44870 cr26.6%34.0%0.1x
2024-0734.1x₹44870 cr26.6%34.0%0.1x
2024-0633.6x₹44870 cr26.6%34.0%0.1x
2024-0541.4x₹36455 cr20.6%27.0%0.0x
2024-0440.5x₹36455 cr20.6%27.0%0.0x
2024-0341.7x₹36455 cr20.6%27.0%0.0x
2024-0236.0x₹36455 cr20.6%27.0%0.0x
2024-0134.9x₹36455 cr20.6%27.0%0.0x
2023-1231.0x₹36455 cr20.6%27.0%0.0x
2023-1127.7x₹36455 cr20.6%27.0%0.0x
2023-1024.2x₹36455 cr20.6%27.0%0.0x
2023-0923.1x₹36455 cr20.6%27.0%0.0x
2023-0821.0x₹36455 cr20.6%27.0%0.0x
2023-0722.5x₹36455 cr20.6%27.0%0.0x
2023-0621.4x₹36455 cr20.6%27.0%0.0x
2023-0520.9x₹33145 cr20.7%23.0%0.0x
2023-0420.3x₹33145 cr20.7%23.0%0.0x
2023-0317.8x₹33145 cr20.7%23.0%0.0x
2023-0216.8x₹33145 cr20.7%23.0%0.0x
2023-0117.5x₹33145 cr20.7%23.0%0.0x
2022-1216.6x₹33145 cr20.7%23.0%0.0x
2022-1117.2x₹33145 cr20.7%23.0%0.0x
2022-1016.8x₹33145 cr20.7%23.0%0.0x
2022-0916.1x₹33145 cr20.7%23.0%0.0x
2022-0818.7x₹33145 cr20.7%23.0%0.0x
2022-0717.9x₹33145 cr20.7%23.0%0.0x
2022-0617.0x₹33145 cr20.7%23.0%0.0x
2022-0522.5x₹27741 cr17.8%25.0%0.0x
2022-0421.7x₹27741 cr17.8%25.0%0.0x
2022-0321.2x₹27741 cr17.8%25.0%0.0x
2022-0220.5x₹27741 cr17.8%25.0%0.0x
2022-0120.7x₹27741 cr17.8%25.0%0.0x
2021-1218.9x₹27741 cr17.8%25.0%0.0x

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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