अApnaFunda

DIVINE POWER ENERGY LIMITED (DPEL)

Producer Manufacturing · Electrical Products · figures to Nov '26

Share price

Closing priceAdjusted for splits and bonus issues.

₹684.15 latest close · +32.7% over the last 90 sessions

₹500₹600₹700Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹500₹600₹700Jul 3Sep 4Nov 9

₹684.15 month-end · +146.1% over 12 months

₹400₹600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹400₹600Nov '25May '26Nov '26

₹684.15 month-end · +625.5% since Jul '24

₹200₹400₹600Jul '24Jan '25Jun '25Dec '25May '26Nov '26 ₹200₹400₹600Jul '24Sep '25Nov '26

52-week range ₹240.30 to ₹724.00 · 1-year volatility 38.0%

How rough has the ride been?

Maximum drawdown-55.4%recovered 2024-12
1-year volatility38.0%annualised
Beta vs sector index0.683-year daily, correlation 0.26
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%20252026−53.6% 0%−20%−40%20252026−53.6%
Largest drawdowns

-55.4% (2024-07 peak to 2024-10 low, recovered 2024-12)

-39.2% (2024-12 peak to 2025-02 low, recovered 2025-04)

-23.3% (2025-04 peak to 2025-08 low, recovered 2025-09)

Most recent volume spikes

2026-11-04: 14.2x the 50-day median, price +12.5% 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?

63.9xP/E todayWithin its usual range
Against its own history38th percentile
CheapestMedian 73.5xDearest

Usual range 50.8x to 175.8x since 2024-07.

Against Producer Manufacturing63.9x vs 29.6x
This company
63.9x
Sector median
29.6x

116% above the Producer Manufacturing median.

25.3x109.8x194.4x278.9xJul '24Jan '25Jul '25Jan '26Jul '26Nov '2625.3x109.8x194.4x278.9xJul '24May '25Mar '26Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Producer Manufacturing is valued

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • Revenue growth100th▲ 75 pts vs a year ago
  • EPS growth99th▲ 56 pts vs a year ago
  • Debt/equity ↓6th
  • Cash cycle ↓48th
  • P/E ↓16th▲ 11 pts vs a year ago
  • 12M momentum97thflat vs a year ago

Rank history

Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~30%annual earnings growth implied by the price

At a P/E of 63.9x, the price would imply about 29.5%/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 Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹684.15
P/E
63.9x
Market Cap
₹1709 cr
Revenue (TTM)
₹626 cr
P/S
2.7x
P/B
13.2x
ROE
20.7%
Debt / Equity
1.2x
Promoter Holding
63.2%
12M Momentum
146.1%

52-week range

₹240.30₹724.00
92% of the way from its 52-week low to its high

Price risk

1Y volatility
38.0%
Beta vs sector
1-year daily
0.34

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.2x

Are profits backed by cash?

1 of 1checks within rangeAll clear
Other income reliance5%Within range

Other income as a share of pre-tax profit (trailing twelve months): 5.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow—Not enough data

Not enough reported data to compute this.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress—Not enough data

Not enough reported data to compute this.

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, promoters trimmed 10.3 pts; DIIs trimmed 1.9 pts; FIIs trimmed 0.6 pts.
  • The number of shareholders rose from 1,010 to 1,160 (+15%) between Sep 2024 and Mar 2026.

Holdings, Mar '26

How each group changed

GroupSep '24Mar '26Change
Promoters73.5%63.2%-10.3 pts
FIIs0.6%0.0%-0.6 pts
DIIs1.9%0.0%-1.9 pts
Public and others24.0%36.8%+12.8 pts

Number of shareholders

1,160shareholders+15% since Sep '24
9381k1k1k Sep '24Dec '24Mar '25Sep '25Mar '26
Sep '24: 1,010
Dec '24: 1,019
Mar '25: 979
Sep '25: 938
Mar '26: 1,160
9381k1k1k Sep '24Mar '25Mar '26
Sep '24: 1,010
Dec '24: 1,019
Mar '25: 979
Sep '25: 938
Mar '26: 1,160

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

+2.5%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 DIVINE POWER ENERGY LIMITED today on valuation, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −37% to +30% vs the market, against −6% for all non-financial companies in the same months.
  • The gap against the base rate (+8.9%, 80% range −1.9% to +17.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
RAJMET · May 2022: −70.0% vs market
TEMBO · Sep 2021: −66.6% vs market
DJML · Nov 2024: −55.4% vs market
COOLCAPS · May 2023: −54.3% vs market
MGEL · May 2022: −54.2% vs market
DECCANCE · Sep 2025: −49.1% vs market
GSMFOILS · Aug 2025: −47.9% vs market
ATALREAL · Oct 2025: −43.5% vs market
SDBL · Sep 2023: −43.3% vs market
MBAPL · Feb 2023: −42.9% vs market
CROWN · Jun 2024: −41.9% vs market
DUCOL · Oct 2025: −37.6% vs market
WEL · Jun 2025: −37.0% vs market
SUMIT · Sep 2024: −35.6% vs market
ENFUSE · Jun 2025: −35.4% vs market
VIVIANA · Sep 2025: −30.3% vs market
VISHNU · Aug 2022: −24.0% vs market
SKYGOLD · Nov 2024: −17.3% vs market
BRIGADE · Feb 2020: −8.0% vs market
BCONCEPTS · Sep 2023: −6.4% vs market
RAMASTEEL · Oct 2022: −5.0% vs market
MANINFRA · Oct 2021: −3.3% vs market
CAMLINFINE · Sep 2020: −2.3% vs market
AMBER · Sep 2020: −2.2% vs market
BHARATRAS · Feb 2020: +1.6% vs market
HIRECT · Dec 2024: +3.5% vs market
SGIL · Aug 2025: +4.9% vs market
LGHL · Jan 2025: +8.9% vs market
MANORAMA · Jun 2025: +13.1% vs market
THOMASCOTT · Feb 2024: +13.4% vs market
THANGAMAYL · Oct 2023: +14.7% vs market
SHAREINDIA · Dec 2021: +15.0% vs market
NEOGEN · May 2020: +17.1% vs market
RKFORGE · May 2023: +19.5% vs market
V2RETAIL · May 2025: +21.0% vs market
ARIHANTSUP · Oct 2021: +22.6% vs market
HNDFDS · Sep 2020: +24.6% vs market
SEJALLTD · Dec 2024: +31.3% vs market
PANSARI · Jan 2025: +38.1% vs market
KPIGREEN · Dec 2023: +41.7% vs market
PARIN · Aug 2025: +42.0% vs market
CHOICEIN · Nov 2024: +46.4% vs market
KRISHANA · Aug 2025: +53.5% vs market
SOLARA · Apr 2020: +62.5% vs market
ANANTRAJ · Nov 2023: +94.1% vs market
APLAPOLLO · Feb 2020: +102.7% vs market
DEEPAKNTR · Feb 2020: +117.7% vs market
PGEL · Nov 2023: +134.5% vs market
GREENPANEL · Dec 2020: +146.9% vs market
TITAGARH · Jun 2023: +152.0% vs market
Similar setups +2.5%All companies −6.4%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
+2.5%
All companies' median
−6.4%
Beat the market
52% vs 43%

50 past situations · 50 companies · 29 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DECCANCE
Non-Energy Minerals
Sep 2025 77x— +85%−3% −49%
RAJMET
Non-Energy Minerals
May 2022 160x18% +563%−2% −70%
DEEPAKNTR
Process Industries
Feb 2020 36x17% +99%−9% +118%
MBAPL
Process Industries
Feb 2023 49x30% +335%−5% −43%
SGIL
Non-Energy Minerals
Aug 2025 49x— +38%−6% +5%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
V2RETAIL
Retail Trade
May 2025 94x11% +246%−9% +21%
LGHL
Miscellaneous
Jan 2025 125x— +195%−4% +9%
PARIN
Consumer Durables
Aug 2025 82x12% +57%0% +42%
How reliable is this?

Matched on P/E, P/S, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: interest cover, drawdown from 12-month high and P/E. Not used (unavailable for this company): ROCE and operating margin. 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.

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 DIVINE POWER ENERGY 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 changed?

17 events since Sep '24

  1. NovPriceVolume reached 14.2x its 50-day median on 2026-11-04; price +12.5% that day.
  2. JulPriceVolume reached 33.7x its 50-day median on 2026-07-02; price +4.4% that day.
  3. JunResultsRevenue (TTM) reached a new high of ₹626 cr.
  4. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  5. MayPriceVolume reached 5.5x its 50-day median on 2026-05-04; price +3.8% that day.
  6. MarPriceVolume reached 13.0x its 50-day median on 2026-03-18; price +9.0% that day.
  7. DecPromoterPromoter holding fell 10.3 pts to 63.2%.
  8. DecPriceVolume reached 9.2x its 50-day median on 2025-12-08; price +4.3% that day.
Show 9 earlier events
  1. SepPriceVolume reached 72.0x its 50-day median on 2025-09-15; price +8.7% that day.
  2. AprPriceRegained the 2024-12 peak, 2 months after the low.
  3. AprPriceVolume reached 11.5x its 50-day median on 2025-04-03; price +5.8% that day.
  4. MarPriceVolume reached 5.1x its 50-day median on 2025-03-10; price +19.5% that day.
  5. FebPriceFell 39% from the Dec 2024 peak to the Feb 2025 low.
  6. DecPriceRegained the 2024-07 peak, 2 months after the low.
  7. OctPriceFell 55% from the Jul 2024 peak to the Oct 2024 low.
  8. OctPriceVolume reached 10.0x its 50-day median on 2024-10-17; price +5.4% that day.
  9. SepPriceVolume reached 6.5x its 50-day median on 2024-09-27; price -8.0% 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 history29 months · 2024-07 to 2026-11
MonthP/ERevenue (TTM)ROEDebt / Equity
2026-1163.9x₹626 cr20.7%1.2x
2026-1054.1x₹626 cr20.9%1.2x
2026-0957.7x₹626 cr20.9%1.2x
2026-0853.9x₹626 cr20.9%1.2x
2026-0752.2x₹626 cr20.9%1.2x
2026-0644.1x₹626 cr20.9%1.2x
2026-05278.9x₹151 cr——
2026-04274.6x₹151 cr——
2026-03228.9x₹151 cr——
2026-02162.6x₹151 cr——
2026-01148.3x₹151 cr——
2025-12146.9x₹151 cr——
2025-11153.6x₹151 cr——
2025-10159.2x₹151 cr——
2025-09130.4x₹151 cr——
2025-0874.6x₹151 cr——
2025-0771.5x₹151 cr——
2025-0676.2x₹151 cr——
2025-0582.0x₹151 cr——
2025-0473.2x₹151 cr——
2025-0373.5x₹151 cr——
2025-0253.3x₹151 cr——
2025-0175.2x₹151 cr——
2024-1275.4x₹151 cr——
2024-1171.9x₹151 cr——
2024-1057.5x₹151 cr——
2024-0939.7x₹151 cr——
2024-0845.6x₹151 cr——
2024-0752.1x₹151 cr——

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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