Share price
₹404.95 latest close · −18.7% over the last 90 sessions
₹404.95 month-end · −2.8% over 12 months
₹404.95 month-end · +38.7% over 3 years
₹404.95 month-end · +485.6% since Jan '19
52-week range ₹349.15 to ₹521.55 · 1-year volatility 31.9%
Was the rally earned?
- The share price was roughly flat over 1 year (-3%).
- The share count barely moved.
Mostly yes.
- Per-share earnings added 26 points to the rise, while the multiple moved less (P/E 12.0x to 13.4x).
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 238 points, but investors now pay less per rupee of profit (P/E 13.8x to 13.4x), which took 6 points back.
- The share count barely moved.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-56.6% (2020-01 peak to 2020-03 low, recovered 2020-08)
-47.8% (2024-09 peak to 2025-02 low, not yet recovered)
-41.9% (2022-01 peak to 2022-06 low, recovered 2022-09)
Most recent volume spikes
2026-08-19: 19.9x the 50-day median, price +6.4% that day
2026-07-09: 5.5x the 50-day median, price +1.4% that day
2026-07-08: 8.2x the 50-day median, price +0.9% 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?
Usual range 10.0x to 19.9x since 2019-01.
76% below the Electronic Technology median.
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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.
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
- ROCE79thflat vs a year ago
- Op. margin25th▼ 5 pts vs a year ago
- Revenue growth48th▲ 16 pts vs a year ago
- EPS growth37th▼ 8 pts vs a year ago
- Debt/equity ↓80th▼ 5 pts vs a year ago
- Cash cycle ↓79thflat vs a year ago
- P/E ↓89th▼ 5 pts vs a year ago
- 12M momentum51st▲ 18 pts vs a year ago
Rank history
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?
At normalised P/E (five-year average earnings) of 16.9x, a holder earning 12%/yr needs earnings to grow about 9.9%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 10.9% | 11.9% | 12.9% |
| 15x | 8.9% | 9.9% | 10.8% |
| 20x | 6.2% | 7.2% | 8.2% |
Drag a slider to test other assumptions
Implied: 9.9%/yrLooking back
- Jan 2020Price implied 14%/yr; EPS has since grown 22%/yr (7.0 yrs)
- Jan 2021Price implied 11%/yr; EPS has since grown 20%/yr (6.0 yrs)
- Jan 2022Price implied 15%/yr; EPS has since grown 27%/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
- ₹404.95
- P/E
- 13.4x
- ROCE
- 26.0%
- Market Cap
- ₹1439 cr
- Revenue (TTM)
- ₹1673 cr
- P/S
- 0.9x
- P/B
- 2.8x
- ROE
- 21.2%
- Operating Margin
- 8.0%
- Debt / Equity
- 0.0x
- Promoter Holding
- 51.0%
- 12M Momentum
- -2.8%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance12%Within range
Other income as a share of pre-tax profit (trailing twelve months): 11.8%. 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 conversion0.75xNear threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.75x (cash from operations ₹226 cr, net profit ₹301 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 history+7 daysWithin range
Debtor days are above the median of the previous three fiscal years by 7 days (103 vs 96). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-10 days / 2 yrsWithin range
Days payable changed by -10 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.
Who has been buying and selling?
- Over 2 years, FIIs added 1.0 pts.
- The number of shareholders rose from 46,728 to 73,430 (+57%) between Dec 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like D-LINK INDIA 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 −19% to +35% vs the market, against −4% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +13.8%, 80% range +3.6% to +20.4%), but the matches cluster in only 5 distinct 12-month windows.
Where the 50 outcomes landed
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
50 past situations · 50 companies · 37 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| VSSL Non-Energy Minerals |
Feb 2025 | 15x | — | −1% | −40% | +8% |
| AHLUCONT Industrial Services |
Sep 2022 | 18x | 25% | +18% | −21% | +45% |
| FIEMIND Producer Manufacturing |
Dec 2024 | 21x | 27% | +41% | −15% | +45% |
| INDRAMEDCO Health Services |
Feb 2023 | 12x | 29% | +19% | −14% | +52% |
| VEEDOL Process Industries |
Feb 2024 | 24x | 20% | +74% | −11% | −6% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| LGBBROSLTD Producer Manufacturing |
May 2023 | 10x | 29% | +36% | −8% | +8% |
| SHARDAMOTR Producer Manufacturing |
Jan 2023 | 14x | 38% | −9% | −18% | +37% |
| BANCOINDIA Producer Manufacturing |
Sep 2021 | 12x | 19% | +119% | −11% | −7% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and P/E. Not used (unavailable for this company): interest cover. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Oct '22
- SepResultsYear-on-year EPS growth turned positive.
- SepPeer rankSlipped to the bottom quartile of Electronic Technology on operating margin (from the 3rd quartile).
- AugPriceVolume reached 19.9x its 50-day median on 2026-08-19; price +6.4% that day.
- JunResultsYear-on-year EPS growth turned negative.
- JunPriceVolume reached 6.6x its 50-day median on 2026-06-18; price +3.0% that day.
- FebPriceVolume reached 74.0x its 50-day median on 2026-02-02; price +5.1% that day.
- SepPeer rankSlipped to the 3rd quartile of Electronic Technology on EPS growth (from the 2nd quartile).
- JulPeer rankMoved into the 2nd quartile of Electronic Technology on EPS growth (from the 3rd quartile).
Show 22 earlier events
- JulPriceVolume reached 5.9x its 50-day median on 2025-07-01; price +0.6% that day.
- JunPriceVolume reached 12.8x its 50-day median on 2025-06-09; price +9.3% that day.
- FebPriceFell 48% from the Sep 2024 peak to the Feb 2025 low.
- DecPriceVolume reached 6.3x its 50-day median on 2024-12-02; price +7.1% that day.
- JulValuationP/E crossed above the 90th percentile of its own history to date (21.9x).
- JulPriceVolume reached 32.1x its 50-day median on 2024-07-03; price +17.4% that day.
- JunResultsRevenue (TTM) reached a new high of ₹1,236 cr.
- JunPeer rankSlipped to the 3rd quartile of Electronic Technology on EPS growth (from the top quartile).
- MayPriceRegained the 2023-09 peak, 2 months after the low.
- MayPriceVolume reached 74.7x its 50-day median on 2024-05-13; price +13.6% that day.
- MarPriceFell 27% from the Sep 2023 peak to the Mar 2024 low.
- JanPriceVolume reached 6.6x its 50-day median on 2024-01-16; price -1.8% that day.
- DecPriceVolume reached 7.5x its 50-day median on 2023-12-06; price +5.2% that day.
- JulPriceRegained the 2022-11 peak, 6 months after the low.
- JulPriceVolume reached 6.7x its 50-day median on 2023-07-14; price +5.3% that day.
- JunResultsRevenue (TTM) reached a new high of ₹1,181 cr.
- JunPeer rankMoved into the top quartile of Electronic Technology on ROCE (from the 2nd quartile).
- MayPriceVolume reached 7.7x its 50-day median on 2023-05-08; price -9.1% that day.
- AprValuationP/E crossed above the 90th percentile of its own history to date (21.8x).
- FebPriceVolume reached 11.6x its 50-day median on 2023-02-06; price +17.5% that day.
- JanPriceFell 35% from the Nov 2022 peak to the Jan 2023 low.
- OctValuationP/E crossed above the 90th percentile of its own history to date (21.7x).
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
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 13.4x | ₹1673 cr | 21.2% | 26.0% | 0.0x |
| 2026-10 | 13.1x | ₹1673 cr | 21.3% | 26.0% | 0.0x |
| 2026-09 | 13.6x | ₹1673 cr | 21.3% | 26.0% | 0.0x |
| 2026-08 | 15.1x | ₹1566 cr | 20.6% | 26.0% | 0.0x |
| 2026-07 | 15.4x | ₹1566 cr | 20.6% | 26.0% | 0.0x |
| 2026-06 | 16.7x | ₹1566 cr | 20.6% | 26.0% | 0.0x |
| 2026-05 | 15.0x | ₹1492 cr | 21.7% | 28.0% | 0.0x |
| 2026-04 | 14.6x | ₹1492 cr | 21.7% | 28.0% | 0.0x |
| 2026-03 | 12.3x | ₹1492 cr | 21.7% | 28.0% | 0.0x |
| 2026-02 | 13.7x | ₹1428 cr | 21.5% | 28.0% | 0.0x |
| 2026-01 | 13.4x | ₹1428 cr | 21.5% | 28.0% | 0.0x |
| 2025-12 | 13.7x | ₹1428 cr | 21.5% | 28.0% | 0.0x |
| 2025-11 | 14.1x | ₹1388 cr | 21.9% | 28.0% | 0.0x |
| 2025-10 | 14.6x | ₹1388 cr | 21.9% | 28.0% | 0.0x |
| 2025-09 | 15.1x | ₹1388 cr | 21.9% | 28.0% | 0.0x |
| 2025-08 | 15.3x | ₹1384 cr | 21.9% | 28.0% | 0.0x |
| 2025-07 | 16.6x | ₹1384 cr | 21.9% | 28.0% | 0.0x |
| 2025-06 | 18.2x | ₹1384 cr | 21.9% | 28.0% | 0.0x |
| 2025-05 | 16.0x | ₹1348 cr | 23.4% | 29.0% | 0.0x |
| 2025-04 | 14.4x | ₹1348 cr | 23.4% | 29.0% | 0.0x |
| 2025-03 | 13.6x | ₹1348 cr | 23.4% | 29.0% | 0.0x |
| 2025-02 | 12.6x | ₹1311 cr | 22.8% | 29.0% | 0.0x |
| 2025-01 | 16.6x | ₹1311 cr | 22.8% | 29.0% | 0.0x |
| 2024-12 | 18.7x | ₹1311 cr | 22.8% | 29.0% | 0.0x |
| 2024-11 | 20.1x | ₹1282 cr | 22.1% | 29.0% | 0.0x |
| 2024-10 | 19.6x | ₹1282 cr | 22.1% | 29.0% | 0.0x |
| 2024-09 | 22.1x | ₹1282 cr | 22.1% | 29.0% | 0.0x |
| 2024-08 | 21.4x | ₹1236 cr | 21.4% | 29.0% | 0.0x |
| 2024-07 | 21.9x | ₹1236 cr | 21.4% | 29.0% | 0.0x |
| 2024-06 | 17.0x | ₹1236 cr | 21.4% | 29.0% | 0.0x |
| 2024-05 | 16.3x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2024-04 | 12.4x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2024-03 | 10.6x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2024-02 | 11.8x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2024-01 | 12.4x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2023-12 | 12.6x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2023-11 | 12.0x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2023-10 | 11.5x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2023-09 | 12.6x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2023-08 | 12.7x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2023-07 | 11.7x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2023-06 | 10.0x | ₹1181 cr | 22.8% | 33.0% | 0.0x |
| 2023-05 | 18.6x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2023-04 | 21.8x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2023-03 | 18.6x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2023-02 | 18.2x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2023-01 | 16.6x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2022-12 | 17.7x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2022-11 | 21.8x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2022-10 | 21.7x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2022-09 | 13.6x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2022-08 | 14.6x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2022-07 | 13.2x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2022-06 | 9.3x | ₹918 cr | 13.9% | 19.0% | 0.0x |
| 2022-05 | 14.0x | ₹727 cr | 11.7% | 16.0% | 0.0x |
| 2022-04 | 15.8x | ₹727 cr | 11.7% | 16.0% | 0.0x |
| 2022-03 | 15.0x | ₹727 cr | 11.7% | 16.0% | 0.0x |
| 2022-02 | 14.8x | ₹727 cr | 11.7% | 16.0% | 0.0x |
| 2022-01 | 17.2x | ₹727 cr | 11.7% | 16.0% | 0.0x |
| 2021-12 | 19.2x | ₹727 cr | 11.7% | 16.0% | 0.0x |
Older months are in the live observatory.