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EIMCO ELECON INDIA LTD (EIMCOELECO)

Producer Manufacturing · Trucks/Construction/Farm Machinery · 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.70 / 100
Profitability 64Growth 47Balance sheet 100
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.71 / 100
Price 97Earnings 45
Compare withASHOK LEYLANDMAZAGON DOCK SHIPBUILDERSCOCHIN SHIPYARD

Share price

Closing priceAdjusted for splits and bonus issues.

₹2,505.3 latest close · +35.8% over the last 90 sessions

₹1,750₹2,000₹2,250₹2,500Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,750₹2,000₹2,250₹2,500Jul 3Sep 4Nov 9

₹2,505.3 month-end · +53.5% over 12 months

₹1,500₹2,000₹2,500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,500₹2,000₹2,500Nov '25May '26Nov '26

₹2,505.3 month-end · +46.8% over 3 years

₹2,000₹3,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹2,000₹3,000Nov '23May '25Nov '26

₹2,505.3 month-end · +573.5% since Jan '19

₹0₹1,000₹2,000₹3,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹1,000₹2,000₹3,000Jan '19Dec '22Nov '26

52-week range ₹1405.50 to ₹2550.00 · 1-year volatility 44.7%

Was the rally earned?

+54%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 24.4x to 37.5x); per-share earnings added 0 points.
  • The share count barely moved.
Net profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1 ptsNet profit growthP/E change: +54 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+54 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: +54%+54%Share priceNet profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1ProfitP/E change: +54 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+54P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +54%+54%Share price
Net profit growth-1 ptsNet profit fell about 1%, which lowers the price.
P/E change+54 ptsThe P/E rose from 24.4x to 37.5x, which lifts the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+47%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 47 points, but investors now pay less per rupee of profit (P/E 37.6x to 37.5x), which took 0 points back.
  • The share count barely moved.
Net profit growth: +48 pts. Points of the price return explained by net profit growing (or shrinking).+48 ptsNet profit growthP/E change: 0 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.0 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: +47%+47%Share priceNet profit growth: +48 pts. Points of the price return explained by net profit growing (or shrinking).+48ProfitP/E change: 0 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.0P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +47%+47%Share price
Net profit growth+48 ptsNet profit rose about 48%, which lifts the price.
P/E change0 ptsThe P/E fell from 37.6x to 37.5x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+597%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 378 points and the multiple added 219 points (P/E 18.4x to 37.5x).
  • The share count rose 3%.
Net profit growth: +386 pts. Points of the price return explained by net profit growing (or shrinking).+386 ptsNet profit growthP/E change: +219 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+219 ptsP/E changeShare count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8 ptsShare count changeShare price: +597%+597%Share priceNet profit growth: +386 pts. Points of the price return explained by net profit growing (or shrinking).+386ProfitP/E change: +219 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+219P/EShare count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8SharesShare price: +597%+597%Share price
Net profit growth+386 ptsNet profit rose about 250%, which lifts the price.
P/E change+219 ptsThe P/E rose from 18.4x to 37.5x, which lifts the price.
Share count change-8 ptsShare count rose 3%, 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 ASHOK LEYLAND

How rough has the ride been?

Maximum drawdown-59.9%not yet recovered
1-year volatility44.7%annualised
Beta vs sector index0.983-year daily, correlation 0.38
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−59.5% 0%−20%−40%−60%2020202220242026−59.5%
Largest drawdowns

-59.9% (2024-07 peak to 2025-03 low, not yet recovered)

-55.5% (2019-06 peak to 2020-03 low, recovered 2021-07)

-41.4% (2021-07 peak to 2022-03 low, recovered 2023-04)

Most recent volume spikes

2026-10-14: 9.5x the 50-day median, price +9.6% that day

2026-10-13: 12.4x the 50-day median, price -1.8% that day

2026-08-17: 9.2x the 50-day median, price +9.2% 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).

Is it expensive against its own past and its peers?

37.5xP/E todayNear its historic high
Against its own history88th percentile
CheapestMedian 23.5xDearest

Usual range 7.8x to 37.6x since 2019-01.

Against Producer Manufacturing37.5x vs 29.6x
This company
37.5x
Sector median
29.6x

27% above the Producer Manufacturing median.

4.8x19.3x33.9x48.5xJan '19Aug '20Mar '22Oct '23May '25Nov '264.8x19.3x33.9x48.5xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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

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P/S (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

  • ROCE41st▲ 4 pts vs a year ago
  • Op. margin87thflat vs a year ago
  • Revenue growth17th▼ 8 pts vs a year ago
  • EPS growth39th▼ 4 pts vs a year ago
  • Debt/equity ↓98thflat vs a year ago
  • Cash cycle ↓9thflat vs a year ago
  • P/E ↓36th▼ 29 pts vs a year ago
  • 12M momentum88th▲ 67 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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~32%annual earnings growth implied by the price

At a P/E of 83.1x, the price would imply about 31.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Earnings figures have not updated recently, so the company is left out of the lists.

“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
₹2505.30
P/E
37.5x
ROCE
13.0%
Market Cap
₹1445 cr
Revenue (TTM)
₹227 cr
P/S
6.4x
P/B
3.7x
ROE
10.0%
Operating Margin
20.0%
Debt / Equity
0.0x
Promoter Holding
49.0%
12M Momentum
53.5%

52-week range

₹1405.50₹2550.00
96% of the way from its 52-week low to its high

Price risk

1Y volatility
44.7%
Beta vs sector
1-year daily
0.93

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
0.13x
low
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range2 beyond a threshold
Other income reliance35%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 35.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate22%Within range

Median quarterly effective tax rate over about 2.5 years: 22.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.13xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.13x (cash from operations ₹9 cr, net profit ₹68 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. 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 (150 vs 150). 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 days0 days / 2 yrsWithin range

Days payable changed by 0 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, promoters trimmed 25.1 pts; FIIs added 3.2 pts; DIIs added 1.0 pts.
  • The number of shareholders rose from 8,906 to 17,825 (+100%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters74.1%49.0%-25.1 pts
FIIs0.0%3.3%+3.3 pts
DIIs0.0%1.0%+1.0 pts
Public and others25.9%46.8%+20.9 pts

Number of shareholders

17,825shareholders+100% since Dec '23
8k12k15k18k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 8,906
Mar '24: 8,348
Jun '24: 9,935
Sep '24: 12,281
Dec '24: 12,758
Mar '25: 12,034
Jun '25: 12,020
Sep '25: 15,989
Dec '25: 18,204
Mar '26: 18,122
Jun '26: 17,825
 8k12k15k18k Dec '23Dec '24Dec '25Jun '26
Dec '23: 8,906
Mar '24: 8,348
Jun '24: 9,935
Sep '24: 12,281
Dec '24: 12,758
Mar '25: 12,034
Jun '25: 12,020
Sep '25: 15,989
Dec '25: 18,204
Mar '26: 18,122
Jun '26: 17,825

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

+8.2%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like EIMCO ELECON INDIA 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 −21% to +39% vs the market, against −2% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +10.0%, 80% range +0.2% to +23.2%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ALBERTDAVD · May 2020: −46.3% vs market
SHALBY · Jun 2021: −43.6% vs market
ADOR · Jan 2024: −42.5% vs market
INTELLECT · May 2025: −40.2% vs market
CONTROLPR · Feb 2020: −39.0% vs market
SUMICHEM · Mar 2025: −33.0% vs market
XPROINDIA · Nov 2024: −32.9% vs market
XCHANGING · Sep 2020: −29.4% vs market
LAOPALA · Feb 2020: −25.8% vs market
VSTTILLERS · Aug 2025: −23.5% vs market
WENDT · Aug 2020: −23.5% vs market
APTECHT · Aug 2021: −22.7% vs market
HONDAPOWER · Nov 2022: −21.2% vs market
SASKEN · Jun 2024: −19.6% vs market
CHEMCON · Sep 2025: −17.0% vs market
ELDEHSG · Jun 2023: −16.5% vs market
QUICKHEAL · Sep 2020: −8.6% vs market
KRSNAA · Oct 2023: −3.5% vs market
KIRLPNU · May 2024: −2.6% vs market
SUNDROP · Jan 2020: −2.3% vs market
BSE · Nov 2021: +1.6% vs market
FDC · Jan 2020: +4.4% vs market
JYOTHYLAB · Aug 2023: +5.2% vs market
KENNAMET · Jul 2022: +6.4% vs market
INFOBEAN · Jul 2025: +7.0% vs market
TDPOWERSYS · Aug 2023: +9.4% vs market
CARERATING · Mar 2023: +17.2% vs market
PRIMESECU · May 2024: +17.2% vs market
SILVERTUC · Mar 2023: +19.1% vs market
GPPL · Mar 2023: +22.8% vs market
NUCLEUS · Mar 2023: +24.7% vs market
NOCIL · Sep 2020: +25.1% vs market
GEOJITFSL · Jun 2020: +25.8% vs market
KSB · Feb 2023: +27.9% vs market
BDL · May 2022: +28.8% vs market
VIMTALABS · Nov 2024: +29.7% vs market
VESUVIUS · Feb 2023: +34.1% vs market
BAJAJCON · Oct 2025: +41.1% vs market
ANUP · May 2023: +55.3% vs market
SHANTIGEAR · May 2022: +56.1% vs market
TRITURBINE · Sep 2022: +60.8% vs market
PRAJIND · Mar 2021: +65.5% vs market
INDOBORAX · Oct 2025: +65.6% vs market
TECHNOE · Dec 2023: +67.0% vs market
VOLTAMP · May 2022: +68.0% vs market
DIVGIITTS · Sep 2025: +77.8% vs market
CUPID · Oct 2023: +84.0% vs market
BLS · Apr 2022: +101.1% vs market
ADFFOODS · May 2020: +109.5% vs market
SAREGAMA · Feb 2021: +206.3% vs market
Similar setups +8.2%All companies −1.8%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
+8.2%
All companies' median
−1.8%
Beat the market
60% vs 48%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ANUP
Producer Manufacturing		 May 2023 25x17% +102%0% +55%
PRAJIND
Industrial Services		 Mar 2021 51x11% +254%0% +66%
CUPID
Consumer Non-Durables		 Oct 2023 29x— +174%0% +84%
SHANTIGEAR
Producer Manufacturing		 May 2022 97x11% +66%0% +56%
VSTTILLERS
Producer Manufacturing		 Aug 2025 49x12% +24%−2% −24%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TECHNOE
Industrial Services		 Dec 2023 46x8% +142%0% +67%
BLS
Technology Services		 Apr 2022 74x11% +300%−2% +101%
FDC
Health Technology		 Jan 2020 24x17% +42%0% +4%
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: P/S, 12-month momentum and size. 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 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 EIMCO ELECON INDIA 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.

LAXMI DENTALLAXMIDENTL
Health Technology
70%similar
P/Erevenue
INDO BORAX & CHEMICALSINDOBORAX
Process Industries
63%similar
revenuemarket cap
VIMTA LABSVIMTALABS
Commercial Services
62%similar
volatilityP/E
ADVANCED ENZYME TECHNOADVENZYMES
Consumer Non-Durables
58%similar
EPS growthROCE
HARDWYN INDIAHARDWYN
Distribution Services
58%similar
revenuepromoter holding
DIVGI TORQTRANSFER SYSTEMSDIVGIITTS
Producer Manufacturing
64%similar
debt/equityP/E
GALA PRECISION ENGINEERINGGALAPREC
Producer Manufacturing
56%similar
market capvolatility
MAZDAMAZDA
Producer Manufacturing
51%similar
debt/equitypromoter holding

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

What changed?

30 events since Jun '23

  1. OctPriceVolume reached 12.4x its 50-day median on 2026-10-13; price -1.8% that day.
  2. JulPriceVolume reached 26.3x its 50-day median on 2026-07-09; price -4.2% that day.
  3. JunPriceVolume reached 34.5x its 50-day median on 2026-06-22; price +11.0% that day.
  4. MarInstitutionsFII + DII holding rose 3.9 pts over 2 quarters to 4.4%.
  5. JanPriceVolume reached 123.6x its 50-day median on 2026-01-08; price +8.7% that day.
  6. DecPromoterPromoter holding fell 24.7 pts to 49.0%.
  7. OctPriceVolume reached 173.7x its 50-day median on 2025-10-09; price -11.7% that day.
  8. SepPriceVolume reached 120.2x its 50-day median on 2025-09-25; price +5.0% that day.
Show 22 earlier events
  1. JunValuationP/E crossed above the 90th percentile of its own history to date (38.5x).
  2. AprPriceVolume reached 13.2x its 50-day median on 2025-04-23; price +3.4% that day.
  3. MarPriceFell 60% from the Jul 2024 peak to the Mar 2025 low.
  4. JanPriceVolume reached 7.9x its 50-day median on 2025-01-21; price -9.2% that day.
  5. DecPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  6. OctPriceVolume reached 12.3x its 50-day median on 2024-10-17; price -5.0% that day.
  7. SepPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  8. JulPriceVolume reached 5.9x its 50-day median on 2024-07-18; price +5.0% that day.
  9. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
  10. JunDividendDividend payout cut from 15% to 7% of profit.
  11. AprPriceRegained the 2023-12 peak, 2 months after the low.
  12. AprValuationP/E crossed above the 90th percentile of its own history to date (38.5x).
  13. AprPriceVolume reached 8.2x its 50-day median on 2024-04-03; price +10.0% that day.
  14. MarPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  15. MarPriceVolume reached 11.7x its 50-day median on 2024-03-04; price +1.2% that day.
  16. FebPriceFell 28% from the Dec 2023 peak to the Feb 2024 low.
  17. DecResultsRevenue (TTM) reached a new high of ₹197 cr.
  18. DecPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  19. OctValuationP/E crossed above the 90th percentile of its own history to date (31.9x).
  20. OctPriceVolume reached 38.7x its 50-day median on 2023-10-09; price +10.7% that day.
  21. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the top quartile).
  22. JunPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).

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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1137.5x₹227 cr10.0%13.0%0.0x
2026-1031.9x₹227 cr10.1%13.0%0.0x
2026-0934.0x₹227 cr10.1%13.0%0.0x
2026-0832.9x₹227 cr10.1%13.0%0.0x
2026-0726.6x₹227 cr10.1%13.0%0.0x
2026-0626.2x₹227 cr10.1%13.0%0.0x
2026-0523.5x₹227 cr10.1%13.0%0.0x
2026-0423.5x₹227 cr10.1%13.0%0.0x
2026-0321.4x₹227 cr10.1%13.0%0.0x
2026-0223.6x₹227 cr10.1%13.0%0.0x
2026-0126.4x₹227 cr10.1%13.0%0.0x
2025-1223.9x₹227 cr10.1%13.0%0.0x
2025-1124.4x₹227 cr10.1%13.0%0.0x
2025-1027.9x₹227 cr10.1%13.0%0.0x
2025-0925.8x₹227 cr10.1%13.0%0.0x
2025-0833.6x₹227 cr10.1%13.0%0.0x
2025-0733.7x₹227 cr10.1%13.0%0.0x
2025-0638.5x₹227 cr10.1%13.0%0.0x
2025-0536.4x₹227 cr10.1%13.0%0.0x
2025-0426.0x₹227 cr10.1%13.0%0.0x
2025-0321.2x₹227 cr10.1%13.0%0.0x
2025-0221.7x₹227 cr10.1%13.0%0.0x
2025-0124.4x₹227 cr10.1%13.0%0.0x
2024-1230.4x₹227 cr10.1%13.0%0.0x
2024-1137.6x₹227 cr10.1%13.0%0.0x
2024-1039.0x₹227 cr10.1%13.0%0.0x
2024-0942.5x₹227 cr10.1%13.0%0.0x
2024-0844.2x₹227 cr10.1%13.0%0.0x
2024-0748.5x₹227 cr10.1%13.0%0.0x
2024-0635.6x₹227 cr10.1%13.0%0.0x
2024-0533.2x₹207 cr9.7%8.0%0.0x
2024-0438.5x₹207 cr9.7%8.0%0.0x
2024-0326.3x₹207 cr9.7%8.0%0.0x
2024-0224.3x₹197 cr8.8%8.0%0.0x
2024-0126.8x₹197 cr8.8%8.0%0.0x
2023-1229.9x₹197 cr8.8%8.0%0.0x
2023-1137.6x₹183 cr7.4%8.0%0.0x
2023-1031.9x₹183 cr7.4%8.0%0.0x
2023-0919.9x₹183 cr7.4%8.0%0.0x
2023-0825.6x₹172 cr5.7%8.0%0.0x
2023-0722.7x₹172 cr5.7%8.0%0.0x
2023-0617.6x₹172 cr5.7%8.0%0.0x
2023-0525.9x₹144 cr4.2%3.0%0.0x
2023-0425.5x₹144 cr4.2%3.0%0.0x
2023-0315.2x₹144 cr4.2%3.0%0.0x
2023-0219.7x₹129 cr3.3%3.0%0.0x
2023-0121.5x₹129 cr3.3%3.0%0.0x
2022-1221.7x₹129 cr3.3%3.0%0.0x
2022-1142.9x₹103 cr1.8%3.0%0.0x
2022-1037.1x₹103 cr1.8%3.0%0.0x
2022-0937.7x₹103 cr1.8%3.0%0.0x
2022-0823.7x₹85 cr2.7%3.0%0.0x
2022-0723.9x₹85 cr2.7%3.0%0.0x
2022-0625.1x₹85 cr2.7%3.0%0.0x
2022-0536.6x₹87 cr1.5%5.0%0.0x
2022-0440.3x₹87 cr1.5%5.0%0.0x
2022-0335.1x₹87 cr1.5%5.0%0.0x
2022-0216.6x₹126 cr3.4%5.0%0.0x
2022-0118.2x₹126 cr3.4%5.0%0.0x
2021-1217.2x₹126 cr3.4%5.0%0.0x
2021-1118.4x₹126 cr3.4%5.0%0.0x
2021-1019.8x₹126 cr3.4%5.0%0.0x
2021-0921.1x₹126 cr3.4%5.0%0.0x
2021-0821.0x₹126 cr3.4%5.0%0.0x
2021-0723.5x₹126 cr3.4%5.0%0.0x
2021-0620.8x₹126 cr3.4%5.0%0.0x
2021-0522.5x₹108 cr2.8%3.0%0.0x
2021-0420.8x₹108 cr2.8%3.0%0.0x
2021-0320.4x₹108 cr2.8%3.0%0.0x
2021-0220.9x₹108 cr2.8%3.0%0.0x
2021-0120.2x₹108 cr2.8%3.0%0.0x
2020-1220.2x₹108 cr2.8%3.0%0.0x
2020-1120.2x₹108 cr2.8%3.0%0.0x
2020-1018.8x₹108 cr2.8%3.0%0.0x
2020-0919.8x₹108 cr2.8%3.0%0.0x
2020-0819.5x₹108 cr2.8%3.0%0.0x
2020-0718.5x₹108 cr2.8%3.0%0.0x
2020-0617.9x₹108 cr2.8%3.0%0.0x
2020-056.0x₹185 cr7.3%10.0%0.0x
2020-046.1x₹185 cr7.3%10.0%0.0x
2020-034.8x₹185 cr7.3%10.0%0.0x
2020-027.4x₹185 cr7.3%10.0%0.0x
2020-018.0x₹185 cr7.3%10.0%0.0x
2019-127.4x₹185 cr7.3%10.0%0.0x
2019-117.6x₹185 cr7.3%10.0%0.0x
2019-107.5x₹185 cr7.3%10.0%0.0x
2019-097.4x₹185 cr7.3%10.0%0.0x
2019-086.9x₹185 cr7.3%10.0%0.0x
2019-077.0x₹185 cr7.3%10.0%0.0x
2019-069.4x₹185 cr7.3%10.0%0.0x
2019-0514.0x₹140 cr5.4%7.0%0.0x
2019-0413.8x₹140 cr5.4%7.0%0.0x
2019-0313.8x₹140 cr5.4%7.0%0.0x
2019-0212.6x₹140 cr5.4%7.0%0.0x
2019-0113.2x₹140 cr5.4%7.0%0.0x

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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