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ENDURANCE TECHNOLOGIES LIMITED (ENDURANCE)

Producer Manufacturing · Metal Fabrication · 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.67 / 100
Profitability 57Growth 74Balance sheet 71
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.37 / 100
Price 21Earnings 50FII/DII 39

Passes these screensDebt-light & profitableConsistent compounders

Compare withBHARAT FORGESCHAEFFLER INDIAPTC INDUSTRIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹2,486 latest close · −5.9% over the last 90 sessions

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

₹2,486 month-end · −6.0% over 12 months

₹2,200₹2,400₹2,600₹2,800Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹2,200₹2,400₹2,600₹2,800Nov '25May '26Nov '26

₹2,486 month-end · +47.6% over 3 years

₹2,000₹2,500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹2,000₹2,500Nov '23May '25Nov '26

₹2,486 month-end · +116.6% since Jan '19

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

52-week range ₹2142.80 to ₹3072.00 · 1-year volatility 30.8%

Was the rally earned?

-6%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 12 points, but investors now pay less per rupee of profit (P/E 43.3x to 36.1x), which took 18 points back.
  • The share count barely moved.
Net profit growth: +12 pts. Points of the price return explained by net profit growing (or shrinking).+12 ptsNet profit growthP/E change: −18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−18 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: −6%−6%Share priceNet profit growth: +12 pts. Points of the price return explained by net profit growing (or shrinking).+12ProfitP/E change: −18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−18P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −6%−6%Share price
Net profit growth+12 ptsNet profit rose about 13%, which lifts the price.
P/E change-18 ptsThe P/E fell from 43.3x to 36.1x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+48%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 86 points, but investors now pay less per rupee of profit (P/E 49.4x to 36.1x), which took 38 points back.
  • The share count barely moved.
Net profit growth: +86 pts. Points of the price return explained by net profit growing (or shrinking).+86 ptsNet profit growthP/E change: −38 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−38 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: +48%+48%Share priceNet profit growth: +86 pts. Points of the price return explained by net profit growing (or shrinking).+86ProfitP/E change: −38 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−38P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +48%+48%Share price
Net profit growth+86 ptsNet profit rose about 102%, which lifts the price.
P/E change-38 ptsThe P/E fell from 49.4x to 36.1x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+49%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 77 points, but investors now pay less per rupee of profit (P/E 45.1x to 36.1x), which took 28 points back.
  • The share count barely moved.
Net profit growth: +77 pts. Points of the price return explained by net profit growing (or shrinking).+77 ptsNet profit growthP/E change: −28 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−28 ptsP/E changeShare price: +49%+49%Share priceNet profit growth: +77 pts. Points of the price return explained by net profit growing (or shrinking).+77ProfitP/E change: −28 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−28P/EShare price: +49%+49%Share price
Net profit growth+77 ptsNet profit rose about 86%, which lifts the price.
P/E change-28 ptsThe P/E fell from 45.1x to 36.1x, which lowers the price.
Share count change0 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 FORGE

How rough has the ride been?

Maximum drawdown-56.8%recovered 2020-12
1-year volatility30.8%annualised
Beta vs sector index0.703-year daily, correlation 0.44
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−56.4% 0%−20%−40%−60%2020202220242026−56.4%
Largest drawdowns

-56.8% (2019-02 peak to 2020-04 low, recovered 2020-12)

-42.9% (2021-11 peak to 2022-03 low, recovered 2023-12)

-37.8% (2024-07 peak to 2025-03 low, recovered 2025-06)

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?

36.1xP/E todayWithin its usual range
Against its own history35th percentile
CheapestMedian 41.6xDearest

Usual range 28.2x to 49.6x since 2019-01.

Against Producer Manufacturing36.1x vs 29.6x
This company
36.1x
Sector median
29.6x

22% above the Producer Manufacturing median.

10.6x28.7x46.9x65.1xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x28.7x46.9x65.1xJan '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

  • ROCE61st▲ 6 pts vs a year ago
  • Op. margin53rd▼ 5 pts vs a year ago
  • Revenue growth79th▲ 18 pts vs a year ago
  • EPS growth52nd▼ 18 pts vs a year ago
  • Debt/equity ↓54th▼ 3 pts vs a year ago
  • Cash cycle ↓95thflat vs a year ago
  • P/E ↓37thflat vs a year ago
  • 12M momentum51st▼ 28 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?

~21%annual earnings growth implied by the priceAbove delivered growth

At P/E of 36.1x, a holder earning 12%/yr needs earnings to grow about 21.3%/yr for 10 years, then trade at 15x.

Delivered10.1%/yrEPS, last 10 fiscal years · fitted trend
Gap+11.2 ptsimplied minus delivered
Rank301stmost demanding of 856

Over time

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

0%14%29% Jan 2019Nov 2026 0%14%29% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x22.7%23.8%25.0%
15x20.2%21.3%22.3%
20x16.9%18.0%19.0%

Drag a slider to test other assumptions

Implied: 21.3%/yr

Looking back

  • Jan 2020Price implied 20%/yr; EPS has since grown 10%/yr (7.0 yrs)
  • Jan 2021Price implied 21%/yr; EPS has since grown 9%/yr (6.0 yrs)
  • Jan 2022Price implied 24%/yr; EPS has since grown 13%/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
₹2486.00
P/E
36.1x
ROCE
18.0%
Market Cap
₹34975 cr
Revenue (TTM)
₹15592 cr
P/S
2.2x
P/B
5.1x
ROE
14.2%
Operating Margin
12.0%
Debt / Equity
0.2x
Promoter Holding
75.0%
12M Momentum
-6.0%

52-week range

₹2142.80₹3072.00
37% of the way from its 52-week low to its high

Price risk

1Y volatility
30.8%
Beta vs sector
1-year daily
0.73

Balance sheet & cash

Interest cover
operating profit ÷ interest
22.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.80x
Share count, 1Y
unchanged

Are profits backed by cash?

7 of 7checks within rangeAll clear
Other income reliance8%Within range

Other income as a share of pre-tax profit (trailing twelve months): 7.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

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

Cash conversion1.80xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.80x (cash from operations ₹4,440 cr, net profit ₹2,468 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+1 daysWithin range

Debtor days are above the median of the previous three fiscal years by 1 days (46 vs 45). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress9% of fixed assetsWithin range

Capital work-in-progress is 9% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+6 days / 2 yrsWithin range

Days payable changed by +6 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

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

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, DIIs trimmed 4.8 pts; FIIs added 4.4 pts.
  • The number of shareholders rose from 76,308 to 90,114 (+18%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters75.0%75.0%0.0 pts
FIIs8.3%12.7%+4.4 pts
DIIs14.9%10.1%-4.8 pts
Public and others1.8%2.2%+0.4 pts

Number of shareholders

90,114shareholders+18% since Sep '23
76k82k87k93k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 76,308
Dec '23: 77,090
Mar '24: 84,155
Jun '24: 92,679
Sep '24: 85,359
Dec '24: 85,357
Mar '25: 85,528
Jun '25: 84,618
Sep '25: 89,281
Dec '25: 90,885
Mar '26: 87,362
Jun '26: 90,114
 76k82k87k93k Sep '23Sep '24Sep '25Jun '26
Sep '23: 76,308
Dec '23: 77,090
Mar '24: 84,155
Jun '24: 92,679
Sep '24: 85,359
Dec '24: 85,357
Mar '25: 85,528
Jun '25: 84,618
Sep '25: 89,281
Dec '25: 90,885
Mar '26: 87,362
Jun '26: 90,114

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

−5.3%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 ENDURANCE TECHNOLOGIES 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 −23% to +20% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (−3.0%, 80% range −12.0% to +1.9%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%
ZYDUSLIFE · Jun 2021: −44.7% vs market
SAFARI · Oct 2025: −41.5% vs market
CROMPTON · Dec 2024: −39.6% vs market
AUROPHARMA · Mar 2021: −38.6% vs market
KANSAINER · Jul 2023: −37.9% vs market
MRF · Jan 2021: −36.9% vs market
MPHASIS · Apr 2022: −36.0% vs market
IONEXCHANG · May 2025: −34.9% vs market
RAMCOCEM · Apr 2021: −34.8% vs market
BSOFT · Sep 2021: −31.3% vs market
KAJARIACER · Apr 2023: −25.6% vs market
GALAXYSURF · Jul 2022: −23.1% vs market
TIINDIA · Sep 2024: −22.6% vs market
EXIDEIND · Mar 2020: −22.4% vs market
VOLTAS · Aug 2025: −19.3% vs market
VGUARD · Oct 2024: −18.8% vs market
GODREJAGRO · Aug 2020: −18.6% vs market
CENTURYPLY · Dec 2023: −18.6% vs market
BALKRISIND · Nov 2023: −16.5% vs market
ESCORTS · Jul 2024: −14.5% vs market
KPRMILL · Sep 2023: −12.7% vs market
SRF · Nov 2022: −12.5% vs market
JAMNAAUTO · Mar 2023: −10.7% vs market
SUPRAJIT · Oct 2021: −9.0% vs market
ATUL · Aug 2025: −5.5% vs market
CARBORUNIV · Nov 2023: −5.2% vs market
ALKEM · Jun 2024: −3.1% vs market
RATNAMANI · Sep 2023: −2.8% vs market
CIPLA · Mar 2021: +1.1% vs market
KEI · Sep 2024: +2.4% vs market
CCL · Aug 2020: +2.6% vs market
BHARATFORG · Feb 2020: +2.9% vs market
JBCHEPHARM · Jul 2023: +4.1% vs market
AMBUJACEM · May 2022: +5.0% vs market
APLAPOLLO · Jul 2025: +7.9% vs market
THERMAX · Feb 2020: +8.2% vs market
AEGISLOG · Jan 2020: +15.5% vs market
KSB · May 2020: +21.2% vs market
SFL · Sep 2021: +22.4% vs market
ELGIEQUIP · Feb 2020: +22.9% vs market
TECHM · Aug 2020: +25.0% vs market
UNOMINDA · Jan 2024: +26.7% vs market
RADICO · Apr 2021: +28.2% vs market
TEAMLEASE · Mar 2020: +28.9% vs market
SUNDRMFAST · Jul 2022: +33.2% vs market
IPCALAB · Sep 2025: +43.1% vs market
BLUESTARCO · Oct 2023: +51.8% vs market
PRICOLLTD · Aug 2025: +62.2% vs market
POLYCAB · Dec 2022: +68.1% vs market
RRKABEL · Jul 2025: +71.6% vs market
Similar setups −5.3%All companies −2.3%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months

Similar setups' median
−5.3%
All companies' median
−2.3%
Beat the market
44% vs 48%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GODREJAGRO
Process Industries		 Aug 2020 31x15% +9%−17% −19%
UNOMINDA
Producer Manufacturing		 Jan 2024 61x18% +41%−4% +27%
VGUARD
Producer Manufacturing		 Oct 2024 65x18% +45%−17% −19%
CARBORUNIV
Process Industries		 Nov 2023 55x20% +40%−8% −5%
VOLTAS
Producer Manufacturing		 Aug 2025 54x18% −21%−29% −19%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
CROMPTON
Producer Manufacturing		 Dec 2024 51x16% +27%−17% −40%
RADICO
Consumer Non-Durables		 Apr 2021 33x18% +93%−8% +28%
SUNDRMFAST
Producer Manufacturing		 Jul 2022 38x20% +9%−14% +33%
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/E. 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 ENDURANCE TECHNOLOGIES LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

BIKAJI FOODS INTBIKAJI
Consumer Non-Durables
69%similar
debt/equityEPS growth
ALEMBIC PHARMACEUTICALS LIMITEAPLLTD
Health Technology
66%similar
EPS growthvolatility
AVENUE SUPERMARTS LTD DMARTDMART
Retail Trade
63%similar
ROCErevenue growth
ZYDUS LIFESCIENCESZYDUSLIFE
Health Technology
60%similar
promoter holdingrevenue
AKUMS DRUGS AND PHARMAAKUMS
Health Technology
58%similar
promoter holdingP/E
UNO MindaUNOMINDA
Producer Manufacturing
67%similar
revenuerevenue growth
ASK AUTOMOTIVEASKAUTOLTD
Producer Manufacturing
65%similar
operating marginrevenue growth
MAZAGON DOCK SHIPBUILDERSMAZDOCK
Producer Manufacturing
65%similar
revenuepromoter holding

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

What changed?

30 events since Apr '22

  1. MayPriceVolume reached 7.6x its 50-day median on 2026-05-07; price +7.7% that day.
  2. AprPriceFell 28% from the Sep 2025 peak to the Apr 2026 low.
  3. NovPriceVolume reached 6.1x its 50-day median on 2025-11-13; price -7.7% that day.
  4. JulPriceVolume reached 16.8x its 50-day median on 2025-07-01; price +4.1% that day.
  5. JunPriceRegained the 2024-07 peak, 3 months after the low.
  6. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  7. JunPriceVolume reached 42.1x its 50-day median on 2025-06-20; price +6.7% that day.
  8. MarPriceFell 38% from the Jul 2024 peak to the Mar 2025 low.
Show 22 earlier events
  1. FebPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  2. JanPriceVolume reached 13.7x its 50-day median on 2025-01-03; price +0.3% that day.
  3. NovPriceVolume reached 7.1x its 50-day median on 2024-11-11; price +3.7% that day.
  4. SepPriceVolume reached 9.8x its 50-day median on 2024-09-25; price -0.8% that day.
  5. JunResultsRevenue (TTM) reached a new high of ₹10,241 cr.
  6. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  7. MayPriceVolume reached 20.8x its 50-day median on 2024-05-17; price +7.0% that day.
  8. JanPriceVolume reached 18.8x its 50-day median on 2024-01-05; price +9.5% that day.
  9. DecPriceRegained the 2021-11 peak, 21 months after the low.
  10. OctPriceVolume reached 12.2x its 50-day median on 2023-10-04; price -0.1% that day.
  11. SepPriceVolume reached 10.1x its 50-day median on 2023-09-29; price -0.4% that day.
  12. JunResultsYear-on-year EPS growth turned positive.
  13. JunValuationP/E crossed above the 90th percentile of its own history to date (46.3x).
  14. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  15. AprPriceVolume reached 11.3x its 50-day median on 2023-04-03; price +0.5% that day.
  16. FebPriceVolume reached 10.0x its 50-day median on 2023-02-28; price -1.7% that day.
  17. NovPriceVolume reached 10.7x its 50-day median on 2022-11-17; price +2.6% that day.
  18. SepPriceVolume reached 6.4x its 50-day median on 2022-09-01; price +3.2% that day.
  19. AugValuationP/E crossed above the 90th percentile of its own history to date (45.7x).
  20. JunResultsRevenue (TTM) reached a new high of ₹7,549 cr.
  21. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  22. AprPeer rankSlipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1136.1x₹15592 cr14.2%18.0%0.2x
2026-1033.0x₹15592 cr14.2%18.0%0.2x
2026-0938.5x₹15592 cr14.2%18.0%0.2x
2026-0842.4x₹14596 cr13.9%18.0%0.2x
2026-0740.8x₹14596 cr13.9%18.0%0.2x
2026-0639.5x₹14596 cr13.9%18.0%0.2x
2026-0541.6x₹13473 cr16.1%17.0%0.2x
2026-0435.6x₹13473 cr16.1%17.0%0.2x
2026-0333.8x₹13473 cr16.1%17.0%0.2x
2026-0242.4x₹12724 cr15.4%17.0%0.2x
2026-0138.6x₹12724 cr15.4%17.0%0.2x
2025-1241.2x₹12724 cr15.4%17.0%0.2x
2025-1143.3x₹12054 cr15.0%17.0%0.2x
2025-1046.5x₹12054 cr15.0%17.0%0.2x
2025-0945.0x₹12054 cr15.0%17.0%0.2x
2025-0848.2x₹11561 cr14.6%17.0%0.2x
2025-0742.9x₹11561 cr14.6%17.0%0.2x
2025-0646.6x₹11561 cr14.6%17.0%0.2x
2025-0542.7x₹11283 cr16.1%17.0%0.2x
2025-0432.9x₹11283 cr16.1%17.0%0.2x
2025-0334.5x₹11283 cr16.1%17.0%0.2x
2025-0232.3x₹10985 cr15.4%17.0%0.2x
2025-0136.4x₹10985 cr15.4%17.0%0.2x
2024-1239.3x₹10985 cr15.4%17.0%0.2x
2024-1145.8x₹10617 cr14.5%17.0%0.2x
2024-1046.3x₹10617 cr14.5%17.0%0.2x
2024-0946.8x₹10617 cr14.5%17.0%0.2x
2024-0851.1x₹10241 cr13.7%17.0%0.2x
2024-0753.8x₹10241 cr13.7%17.0%0.2x
2024-0655.4x₹10241 cr13.7%17.0%0.2x
2024-0565.1x₹8804 cr10.9%14.0%0.1x
2024-0458.0x₹8804 cr10.9%14.0%0.1x
2024-0353.6x₹8804 cr10.9%14.0%0.1x
2024-0254.5x₹8804 cr10.9%14.0%0.1x
2024-0161.8x₹8804 cr10.9%14.0%0.1x
2023-1256.7x₹8804 cr10.9%14.0%0.1x
2023-1149.4x₹8804 cr10.9%14.0%0.1x
2023-1046.8x₹8804 cr10.9%14.0%0.1x
2023-0946.7x₹8804 cr10.9%14.0%0.1x
2023-0848.7x₹8804 cr10.9%14.0%0.1x
2023-0749.7x₹8804 cr10.9%14.0%0.1x
2023-0646.3x₹8804 cr10.9%14.0%0.1x
2023-0543.8x₹7549 cr11.8%14.0%0.1x
2023-0441.0x₹7549 cr11.8%14.0%0.1x
2023-0337.9x₹7549 cr11.8%14.0%0.1x
2023-0238.1x₹7549 cr11.8%14.0%0.1x
2023-0145.0x₹7549 cr11.8%14.0%0.1x
2022-1242.1x₹7549 cr11.8%14.0%0.1x
2022-1146.7x₹7549 cr11.8%14.0%0.1x
2022-1041.4x₹7549 cr11.8%14.0%0.1x
2022-0943.5x₹7549 cr11.8%14.0%0.1x
2022-0845.7x₹7549 cr11.8%14.0%0.1x
2022-0744.4x₹7549 cr11.8%14.0%0.1x
2022-0643.1x₹7549 cr11.8%14.0%0.1x
2022-0535.4x₹6547 cr14.6%17.0%0.2x
2022-0433.0x₹6547 cr14.6%17.0%0.2x
2022-0329.6x₹6547 cr14.6%17.0%0.2x
2022-0235.7x₹6547 cr14.6%17.0%0.2x
2022-0143.4x₹6547 cr14.6%17.0%0.2x
2021-1245.8x₹6547 cr14.6%17.0%0.2x

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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