अApnaFunda

ELECON ENGINEERING COLTD (ELECON)

Producer Manufacturing · Electrical Products · 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 81Growth 44Balance sheet 85
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.49 / 100
Price 61Earnings 10FII/DII 75

Passes these screensDebt-light & profitableLittle growth priced in

Share price

Closing priceAdjusted for splits and bonus issues.

₹429.5 latest close · −18.5% over the last 90 sessions

₹400₹450₹500Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹400₹450₹500Jul 3Sep 4Nov 9

₹429.5 month-end · −14.9% over 12 months

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

₹429.5 month-end · −8.9% over 3 years

₹400₹600Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹400₹600Nov '23May '25Nov '26

₹429.5 month-end · +1205.5% since Jan '19

₹0₹200₹400₹600Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹200₹400₹600Jan '19Dec '22Nov '26

52-week range ₹352.00 to ₹579.00 · 1-year volatility 48.4%

Was the rally earned?

-15%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 72 points, while the multiple moved less (P/E 21.9x to 40.8x).
  • The share count barely moved.
Net profit growth: −72 pts. Points of the price return explained by net profit growing (or shrinking).−72 ptsNet profit growthP/E change: +58 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+58 ptsP/E changeShare price: −15%−15%Share priceNet profit growth: −72 pts. Points of the price return explained by net profit growing (or shrinking).−72ProfitP/E change: +58 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+58P/EShare price: −15%−15%Share price
Net profit growth-72 ptsNet profit fell about 54%, which lowers the price.
P/E change+58 ptsThe P/E rose from 21.9x to 40.8x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-9%share price, 3 yearsMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 44.6x to 40.8x); per-share earnings took off 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: −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: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −9%−9%Share priceNet profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1ProfitP/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: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −9%−9%Share price
Net profit growth-1 ptsNet profit was little changed.
P/E change-8 ptsThe P/E fell from 44.6x to 40.8x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+315%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 312 points to the rise, while the multiple moved less (P/E 40.3x to 40.8x).
  • The share count barely moved.
Net profit growth: +311 pts. Points of the price return explained by net profit growing (or shrinking).+311 ptsNet profit growthP/E change: +3 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+3 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: +315%+315%Share priceNet profit growth: +311 pts. Points of the price return explained by net profit growing (or shrinking).+311ProfitP/E change: +3 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+3P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +315%+315%Share price
Net profit growth+311 ptsNet profit rose about 307%, which lifts the price.
P/E change+3 ptsThe P/E rose from 40.3x to 40.8x, which lifts the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

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

Compare this with BHARAT HEAVY ELECTRICALS

How rough has the ride been?

Maximum drawdown-76.5%recovered 2021-04
1-year volatility48.4%annualised
Beta vs sector index1.333-year daily, correlation 0.56
Volume spikes8last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−74.2% 0%−25%−50%−75%2020202220242026−74.2%
Largest drawdowns

-76.5% (2019-01 peak to 2020-03 low, recovered 2021-04)

-51.5% (2024-10 peak to 2026-03 low, not yet recovered)

-38.1% (2021-11 peak to 2022-02 low, recovered 2022-06)

Most recent volume spikes

2026-10-16: 6.3x the 50-day median, price -2.6% that day

2026-10-15: 15.6x the 50-day median, price +1.3% that day

2026-10-14: 65x the 50-day median, price +10.7% 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?

40.8xP/E todayNear its historic high
Against its own history82nd percentile
CheapestMedian 30.0xDearest

Usual range 4.7x to 44.7x since 2019-01.

Against Producer Manufacturing40.8x vs 29.6x
This company
40.8x
Sector median
29.6x

38% above the Producer Manufacturing median.

2.8x35.1x67.4x99.7xJan '19Aug '20Mar '22Oct '23May '25Nov '262.8x35.1x67.4x99.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

  • ROCE72nd▼ 13 pts vs a year ago
  • Op. margin90th▼ 5 pts vs a year ago
  • Revenue growth23rd▼ 53 pts vs a year ago
  • EPS growth10th▼ 74 pts vs a year ago
  • Debt/equity ↓65th▼ 4 pts vs a year ago
  • Cash cycle ↓48th▼ 13 pts vs a year ago
  • P/E ↓31st▼ 42 pts vs a year ago
  • 12M momentum37th▼ 16 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?

~20%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 32.3x, a holder earning 12%/yr needs earnings to grow about 20.3%/yr for 10 years, then trade at 15x.

Delivered43.7%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−23.4 ptsimplied minus delivered
Rank793rdmost demanding of 856

Over time

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

-1%25%52% Jan 2019Nov 2026 -1%25%52% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x21.8%22.9%24.0%
15x19.2%20.3%21.4%
20x15.9%17.0%18.0%

Drag a slider to test other assumptions

Implied: 20.3%/yr

Looking back

  • Jan 2020Price implied 10%/yr; EPS has since grown 25%/yr (7.0 yrs)
  • Jan 2021Price implied 7%/yr; EPS has since grown 25%/yr (6.0 yrs)
  • Jan 2022Price implied 24%/yr; EPS has since grown 43%/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 Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹429.50
P/E
40.8x
ROCE
21.0%
Market Cap
₹9632 cr
Revenue (TTM)
₹2397 cr
P/S
4.0x
P/B
4.2x
ROE
10.2%
Operating Margin
21.0%
Debt / Equity
0.1x
Promoter Holding
59.3%
12M Momentum
-14.9%

52-week range

₹352.00₹579.00
34% of the way from its 52-week low to its high

Price risk

1Y volatility
48.4%
Beta vs sector
1-year daily
1.26

Balance sheet & cash

Interest cover
operating profit ÷ interest
13.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.99x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance-7%Within range

Other income as a share of pre-tax profit (trailing twelve months): -7.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate23%Within range

Median quarterly effective tax rate over about 2.5 years: 23.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.99xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.99x (cash from operations ₹1,104 cr, net profit ₹1,112 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+27 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 27 days (111 vs 84). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress2% of fixed assetsWithin range

Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+14 days / 2 yrsWithin range

Days payable changed by +14 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, DIIs added 4.5 pts; FIIs added 1.0 pts.
  • The number of shareholders rose from 87,816 to 1.2 lakh (+33%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters59.3%59.3%0.0 pts
FIIs6.0%7.0%+1.0 pts
DIIs2.6%7.2%+4.5 pts
Public and others32.1%26.5%-5.6 pts

Number of shareholders

1.2 lakhshareholders+33% since Dec '23
88k1.0L1.1L1.3L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 87,816
Mar '24: 93,051
Jun '24: 1.0 lakh
Sep '24: 1.1 lakh
Dec '24: 1.1 lakh
Mar '25: 1.1 lakh
Jun '25: 1.2 lakh
Sep '25: 1.3 lakh
Dec '25: 1.2 lakh
Mar '26: 1.2 lakh
Jun '26: 1.2 lakh
88k1.0L1.1L1.3L Dec '23Dec '24Dec '25Jun '26
Dec '23: 87,816
Mar '24: 93,051
Jun '24: 1.0 lakh
Sep '24: 1.1 lakh
Dec '24: 1.1 lakh
Mar '25: 1.1 lakh
Jun '25: 1.2 lakh
Sep '25: 1.3 lakh
Dec '25: 1.2 lakh
Mar '26: 1.2 lakh
Jun '26: 1.2 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

−9.9%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 ELECON ENGINEERING COLTD 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 −26% to +22% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (−6.7%, 80% range −15.8% to +8.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ZENSARTECH · Nov 2021: −54.3% vs market
NDTV · Feb 2024: −52.0% vs market
FMGOETZE · Apr 2020: −50.0% vs market
RSYSTEMS · Jun 2025: −49.0% vs market
MOLDTKPAC · Jul 2023: −44.2% vs market
CARBORUNIV · Jun 2024: −43.4% vs market
BAJAJELEC · Oct 2023: −38.7% vs market
MATRIMONY · Aug 2021: −34.9% vs market
PRAJIND · Jul 2024: −29.7% vs market
ROTO · Jul 2025: −28.0% vs market
ZEEL · Dec 2021: −27.8% vs market
HFCL · Nov 2022: −26.7% vs market
BHARATRAS · Oct 2022: −26.5% vs market
TTKPRESTIG · Aug 2022: −25.5% vs market
RAILTEL · May 2025: −22.6% vs market
XPROINDIA · Jul 2023: −21.6% vs market
STERTOOLS · Feb 2020: −21.0% vs market
MAYURUNIQ · Feb 2021: −19.8% vs market
INTELLECT · Jun 2022: −17.3% vs market
BEML · Jul 2025: −16.1% vs market
BSOFT · Jun 2022: −15.4% vs market
THEJO · Jul 2025: −15.2% vs market
JTEKTINDIA · Feb 2020: −14.3% vs market
JYOTHYLAB · Jan 2020: −11.9% vs market
INDGN · Jul 2025: −10.0% vs market
KIRLOSBROS · Jul 2025: −9.9% vs market
USHAMART · Jun 2024: −7.4% vs market
ELGIEQUIP · Jul 2025: −4.9% vs market
ADFFOODS · Apr 2024: −3.8% vs market
JAMNAAUTO · Mar 2022: +5.5% vs market
SUPRAJIT · Jul 2022: +7.8% vs market
TEGA · Jun 2025: +8.7% vs market
HSCL · Oct 2025: +11.6% vs market
ENDURANCE · Jun 2020: +14.2% vs market
GRINDWELL · Oct 2025: +17.5% vs market
ESCORTS · Feb 2021: +17.6% vs market
ASTRAMICRO · Dec 2024: +21.1% vs market
HINDCOPPER · Aug 2022: +21.9% vs market
FINPIPE · Jul 2020: +22.7% vs market
RATEGAIN · Oct 2025: +32.3% vs market
SBCL · Jul 2025: +34.0% vs market
RADICO · Mar 2022: +41.7% vs market
VIJAYA · May 2023: +47.7% vs market
KIOCL · Apr 2023: +50.8% vs market
RUPA · May 2020: +54.9% vs market
INGERRAND · Dec 2021: +58.2% vs market
CERA · Aug 2022: +74.1% vs market
APCOTEXIND · May 2020: +78.5% vs market
RHIM · Sep 2021: +88.2% vs market
KPITTECH · May 2020: +183.7% vs market
Similar setups −9.9%All companies −3.2%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−9.9%
All companies' median
−3.2%
Beat the market
42% vs 47%

50 past situations · 50 companies · 30 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
THEJO
Distribution Services
Jul 2025 51x22% −24%−25% −15%
MATRIMONY
Technology Services
Aug 2021 57x19% +85%−14% −35%
RAILTEL
Communications
May 2025 60x— −4%−33% −23%
KIOCL
Non-Energy Minerals
Apr 2023 38x19% −13%−18% +51%
FMGOETZE
Producer Manufacturing
Apr 2020 20x19% −34%−45% −50%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
HINDCOPPER
Non-Energy Minerals
Aug 2022 31x18% 0%−20% +22%
HSCL
Process Industries
Oct 2025 39x22% −16%−19% +12%
SBCL
Non-Energy Minerals
Jul 2025 40x26% −18%−26% +34%
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: 12-month momentum, drawdown from 12-month high and P/S. 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 ELECON ENGINEERING COLTD. 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.

Consumer Services
66%similar
promoter holdingmarket cap
Technology Services
60%similar
operating margindebt/equity
Commercial Services
58%similar
debt/equityoperating margin
Health Technology
58%similar
promoter holdingoperating margin
Process Industries
57%similar
promoter holdingmarket cap
Producer Manufacturing
59%similar
ROCEoperating margin
Producer Manufacturing
59%similar
operating marginROCE
Producer Manufacturing
58%similar
ROCEdebt/equity

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 65.0x its 50-day median on 2026-10-14; price +10.7% that day.
  2. SepPriceVolume reached 93.4x its 50-day median on 2026-09-23; price +10.9% that day.
  3. JunResultsYear-on-year EPS growth turned negative.
  4. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top quartile).
  5. AprPriceVolume reached 15.1x its 50-day median on 2026-04-21; price +8.3% that day.
  6. MarPriceFell 52% from the Oct 2024 peak to the Mar 2026 low.
  7. MarPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  8. JanPriceVolume reached 46.8x its 50-day median on 2026-01-09; price -15.9% that day.
Show 22 earlier events
  1. OctPriceVolume reached 14.4x its 50-day median on 2025-10-10; price -7.8% that day.
  2. SepPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  3. SepPriceVolume reached 19.5x its 50-day median on 2025-09-10; price +7.3% that day.
  4. AprPriceVolume reached 12.5x its 50-day median on 2025-04-24; price +2.6% that day.
  5. JanPriceVolume reached 6.0x its 50-day median on 2025-01-22; price -9.0% that day.
  6. DecResultsRevenue (TTM) reached a new high of ₹1,939 cr.
  7. OctPriceVolume reached 9.8x its 50-day median on 2024-10-18; price -13.2% that day.
  8. SepInstitutionsFII + DII holding rose 3.0 pts over 2 quarters to 11.6%.
  9. SepPriceVolume reached 15.6x its 50-day median on 2024-09-26; price +5.8% that day.
  10. JunResultsRevenue (TTM) reached a new high of ₹1,937 cr.
  11. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  12. JunPriceVolume reached 31.8x its 50-day median on 2024-06-12; price +13.7% that day.
  13. AprPriceRegained the 2024-01 peak, 1 month after the low.
  14. AprValuationP/E crossed above the 90th percentile of its own history to date (53.6x).
  15. MarPriceFell 26% from the Jan 2024 peak to the Mar 2024 low.
  16. JanPriceVolume reached 10.5x its 50-day median on 2024-01-08; price +6.1% that day.
  17. NovPriceRegained the 2023-09 peak, 2 months after the low.
  18. NovValuationP/E crossed above the 90th percentile of its own history to date (44.6x).
  19. NovPriceVolume reached 8.1x its 50-day median on 2023-11-24; price +8.3% that day.
  20. SepPriceFell 26% from the Sep 2023 peak to the Sep 2023 low.
  21. JulPriceVolume reached 17.5x its 50-day median on 2023-07-11; price +14.0% that day.
  22. JunResultsRevenue (TTM) reached a new high of ₹1,530 cr.

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
2026-1140.8x₹2397 cr10.2%21.0%0.1x
2026-1039.9x₹2397 cr10.2%21.0%0.1x
2026-0943.9x₹2397 cr10.2%21.0%0.1x
2026-0827.1x₹2367 cr14.8%21.0%0.1x
2026-0727.6x₹2367 cr14.8%21.0%0.1x
2026-0635.1x₹2367 cr14.8%21.0%0.1x
2026-0523.8x₹2419 cr24.1%28.0%0.1x
2026-0423.6x₹2419 cr24.1%28.0%0.1x
2026-0316.5x₹2419 cr24.1%28.0%0.1x
2026-0218.0x₹2396 cr25.9%28.0%0.1x
2026-0117.7x₹2396 cr25.9%28.0%0.1x
2025-1220.9x₹2396 cr25.9%28.0%0.1x
2025-1121.9x₹2326 cr25.9%28.0%0.1x
2025-1024.4x₹2326 cr25.9%28.0%0.1x
2025-0924.6x₹2326 cr25.9%28.0%0.1x
2025-0829.9x₹2227 cr20.8%28.0%0.1x
2025-0730.8x₹2227 cr20.8%28.0%0.1x
2025-0635.4x₹2227 cr20.8%28.0%0.1x
2025-0540.0x₹1994 cr23.3%31.0%0.0x
2025-0432.8x₹1994 cr23.3%31.0%0.0x
2025-0327.1x₹1994 cr23.3%31.0%0.0x
2025-0226.2x₹1939 cr22.1%31.0%0.0x
2025-0133.6x₹1939 cr22.1%31.0%0.0x
2024-1240.1x₹1939 cr22.1%31.0%0.0x
2024-1136.8x₹1916 cr22.2%31.0%0.0x
2024-1036.2x₹1916 cr22.2%31.0%0.0x
2024-0944.1x₹1916 cr22.2%31.0%0.0x
2024-0839.2x₹1937 cr22.2%31.0%0.0x
2024-0739.8x₹1937 cr22.2%31.0%0.0x
2024-0641.7x₹1937 cr22.2%31.0%0.0x
2024-0552.4x₹1530 cr18.6%25.0%0.0x
2024-0453.6x₹1530 cr18.6%25.0%0.0x
2024-0344.8x₹1530 cr18.6%25.0%0.0x
2024-0247.4x₹1530 cr18.6%25.0%0.0x
2024-0152.0x₹1530 cr18.6%25.0%0.0x
2023-1243.8x₹1530 cr18.6%25.0%0.0x
2023-1144.6x₹1530 cr18.6%25.0%0.0x
2023-1039.9x₹1530 cr18.6%25.0%0.0x
2023-0936.6x₹1530 cr18.6%25.0%0.0x
2023-0841.7x₹1530 cr18.6%25.0%0.0x
2023-0735.8x₹1530 cr18.6%25.0%0.0x
2023-0627.6x₹1530 cr18.6%25.0%0.0x
2023-0542.2x₹1212 cr13.3%17.0%0.1x
2023-0434.7x₹1212 cr13.3%17.0%0.1x
2023-0330.5x₹1212 cr13.3%17.0%0.1x
2023-0231.5x₹1212 cr13.3%17.0%0.1x
2023-0130.9x₹1212 cr13.3%17.0%0.1x
2022-1229.1x₹1212 cr13.3%17.0%0.1x
2022-1136.7x₹1212 cr13.3%17.0%0.1x
2022-1030.1x₹1212 cr13.3%17.0%0.1x
2022-0927.3x₹1212 cr13.3%17.0%0.1x
2022-0830.0x₹1212 cr13.3%17.0%0.1x
2022-0728.9x₹1212 cr13.3%17.0%0.1x
2022-0620.9x₹1212 cr13.3%17.0%0.1x
2022-0538.2x₹1044 cr6.3%11.0%0.4x
2022-0436.6x₹1044 cr6.3%11.0%0.4x
2022-0328.0x₹1044 cr6.3%11.0%0.4x
2022-0228.9x₹1044 cr6.3%11.0%0.4x
2022-0134.7x₹1044 cr6.3%11.0%0.4x
2021-1235.9x₹1044 cr6.3%11.0%0.4x

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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