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ESCORTS KUBOTA LIMITED (ESCORTS)

Producer Manufacturing · Auto Parts: OEM · 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.71 / 100
Profitability 46Growth 69Balance 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.39 / 100
Price 12Earnings 39FII/DII 67

Passes these screensLittle growth priced in

Compare withSAMVARDHANA MOTHERSON INTBOSCHCUMMINS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹2,433.3 latest close · −17.9% over the last 90 sessions

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

₹2,433.3 month-end · −36.3% over 12 months

₹2,500₹3,000₹3,500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹2,500₹3,000₹3,500Nov '25May '26Nov '26

₹2,433.3 month-end · −22.8% over 3 years

₹3,000₹4,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹3,000₹4,000Nov '23May '25Nov '26

₹2,433.3 month-end · +268.9% since Jan '19

₹2,000₹4,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹2,000₹4,000Jan '19Dec '22Nov '26

52-week range ₹2376.40 to ₹3987.80 · 1-year volatility 31.2%

Was the rally earned?

-36%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 43 points, while the multiple moved less (P/E 18.1x to 19.7x).
  • The share count barely moved.
Net profit growth: −43 pts. Points of the price return explained by net profit growing (or shrinking).−43 ptsNet profit growthP/E change: +7 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+7 ptsP/E changeShare price: −36%−36%Share priceNet profit growth: −43 pts. Points of the price return explained by net profit growing (or shrinking).−43ProfitP/E change: +7 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+7P/EShare price: −36%−36%Share price
Net profit growth-43 ptsNet profit fell about 41%, which lowers the price.
P/E change+7 ptsThe P/E rose from 18.1x to 19.7x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-23%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 83 points, but investors now pay less per rupee of profit (P/E 65.3x to 19.7x), which took 106 points back.
  • The share count fell 15%.
Net profit growth: +68 pts. Points of the price return explained by net profit growing (or shrinking).+68 ptsNet profit growthP/E change: −106 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−106 ptsP/E changeShare count change: +15 pts. Points of the price return explained by the share count changing. More shares count against the price.+15 ptsShare count changeShare price: −23%−23%Share priceNet profit growth: +68 pts. Points of the price return explained by net profit growing (or shrinking).+68ProfitP/E change: −106 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−106P/EShare count change: +15 pts. Points of the price return explained by the share count changing. More shares count against the price.+15SharesShare price: −23%−23%Share price
Net profit growth+68 ptsNet profit rose about 117%, which lifts the price.
P/E change-106 ptsThe P/E fell from 65.3x to 19.7x, which lowers the price.
Share count change+15 ptsShare count fell 15%, which lifts the price.
+32%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 75 points, but investors now pay less per rupee of profit (P/E 28.6x to 19.7x), which took 43 points back.
  • The share count fell 17%.
Net profit growth: +53 pts. Points of the price return explained by net profit growing (or shrinking).+53 ptsNet profit growthP/E change: −43 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−43 ptsP/E changeShare count change: +22 pts. Points of the price return explained by the share count changing. More shares count against the price.+22 ptsShare count changeShare price: +32%+32%Share priceNet profit growth: +53 pts. Points of the price return explained by net profit growing (or shrinking).+53ProfitP/E change: −43 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−43P/EShare count change: +22 pts. Points of the price return explained by the share count changing. More shares count against the price.+22SharesShare price: +32%+32%Share price
Net profit growth+53 ptsNet profit rose about 59%, which lifts the price.
P/E change-43 ptsThe P/E fell from 28.6x to 19.7x, which lowers the price.
Share count change+22 ptsShare count fell 17%, which lifts 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 SAMVARDHANA MOTHERSON INT

How rough has the ride been?

Maximum drawdown-47.3%recovered 2020-02
1-year volatility31.2%annualised
Beta vs sector index0.753-year daily, correlation 0.52
Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−44.8% 0%−20%−40%2020202220242026−44.8%
Largest drawdowns

-47.3% (2019-03 peak to 2019-08 low, recovered 2020-02)

-44.6% (2024-09 peak to 2026-11 low, not yet recovered)

-39.5% (2020-02 peak to 2020-03 low, recovered 2020-06)

Most recent volume spikes

2026-11-02: 9.6x the 50-day median, price -5.9% that day

2026-10-01: 5.6x the 50-day median, price -1.8% that day

2026-09-24: 5.1x the 50-day median, price +0.9% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

19.7xP/E todayWithin its usual range
Against its own history25th percentile
CheapestMedian 29.0xDearest

Usual range 15.5x to 55.6x since 2019-01.

Against Producer Manufacturing19.7x vs 29.6x
This company
19.7x
Sector median
29.6x

33% below the Producer Manufacturing median.

10.6x33.4x56.3x79.1xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x33.4x56.3x79.1xJan '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

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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

  • ROCE46th▲ 18 pts vs a year ago
  • Op. margin45th▼ 13 pts vs a year ago
  • Revenue growth65th▲ 35 pts vs a year ago
  • EPS growth14th▼ 80 pts vs a year ago
  • Debt/equity ↓87thflat vs a year ago
  • Cash cycle ↓92nd▲ 8 pts vs a year ago
  • P/E ↓71st▼ 10 pts vs a year ago
  • 12M momentum15th▼ 60 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?

~15%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 22.3x, a holder earning 12%/yr needs earnings to grow about 15.4%/yr for 10 years, then trade at 15x.

Delivered27.4%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−12.1 ptsimplied minus delivered
Rank725thmost demanding of 856

Over time

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

0%33%67% Jan 2019Nov 2026 0%33%67% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x16.7%17.8%18.9%
15x14.3%15.4%16.4%
20x11.3%12.3%13.3%

Drag a slider to test other assumptions

Implied: 15.4%/yr

Looking back

  • Jan 2020Price implied 24%/yr; EPS has since grown 28%/yr (7.0 yrs)
  • Jan 2021Price implied 26%/yr; EPS has since grown 33%/yr (6.0 yrs)
  • Jan 2022Price implied 27%/yr; EPS has since grown 27%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹2433.30
P/E
19.7x
ROCE
14.0%
Market Cap
₹27227 cr
Revenue (TTM)
₹12248 cr
P/S
2.2x
P/B
2.2x
ROE
11.2%
Operating Margin
11.0%
Debt / Equity
0.0x
Promoter Holding
68.0%
12M Momentum
-36.3%

52-week range

₹2376.40₹3987.80
4% of the way from its 52-week low to its high

Price risk

1Y volatility
31.2%
Beta vs sector
1-year daily
0.66

Balance sheet & cash

Interest cover
operating profit ÷ interest
83.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.67x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance31%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 31.2%. 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 conversion0.67xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.67x (cash from operations ₹3,173 cr, net profit ₹4,736 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-13 daysWithin range

Debtor days are below the median of the previous three fiscal years by 13 days (38 vs 51). 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+13 days / 2 yrsWithin range

Days payable changed by +13 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 added 1.3 pts.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters67.7%68.0%+0.4 pts
FIIs6.7%6.4%-0.3 pts
DIIs9.3%10.7%+1.3 pts
Public and others14.4%13.3%-1.1 pts

Number of shareholders

1.4 lakhshareholders+4% since Sep '23
1.3L1.3L1.4L1.4L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.3 lakh
Dec '23: 1.4 lakh
Mar '24: 1.4 lakh
Jun '24: 1.3 lakh
Sep '24: 1.3 lakh
Dec '24: 1.4 lakh
Mar '25: 1.4 lakh
Jun '25: 1.4 lakh
Sep '25: 1.3 lakh
Dec '25: 1.3 lakh
Mar '26: 1.3 lakh
Jun '26: 1.4 lakh
 1.3L1.3L1.4L1.4L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.3 lakh
Dec '23: 1.4 lakh
Mar '24: 1.4 lakh
Jun '24: 1.3 lakh
Sep '24: 1.3 lakh
Dec '24: 1.4 lakh
Mar '25: 1.4 lakh
Jun '25: 1.4 lakh
Sep '25: 1.3 lakh
Dec '25: 1.3 lakh
Mar '26: 1.3 lakh
Jun '26: 1.4 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

−2.7%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 ESCORTS KUBOTA 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 −16% to +14% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (+1.7%, 80% range −5.7% to +5.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%
WHIRLPOOL · Jul 2025: −42.9% vs market
ATUL · May 2023: −41.9% vs market
BSOFT · Jun 2025: −34.1% vs market
TTKPRESTIG · May 2023: −31.3% vs market
EXIDEIND · Apr 2021: −30.4% vs market
CERA · Apr 2024: −26.7% vs market
RALLIS · Mar 2021: −23.8% vs market
LXCHEM · Apr 2025: −22.7% vs market
NATCOPHARM · Mar 2022: −21.5% vs market
NOCIL · May 2023: −19.9% vs market
APLLTD · Feb 2025: −19.0% vs market
CARBORUNIV · Feb 2024: −18.9% vs market
AVANTIFEED · Oct 2022: −16.7% vs market
DEEPAKNTR · Jul 2025: −14.3% vs market
KAJARIACER · Jan 2025: −14.2% vs market
MRF · May 2021: −14.1% vs market
MPHASIS · Apr 2023: −13.1% vs market
INTELLECT · Feb 2025: −11.2% vs market
ARE&M · Jul 2025: −10.3% vs market
KANSAINER · Apr 2024: −9.5% vs market
HONDAPOWER · Dec 2020: −7.4% vs market
HEROMOTOCO · Jun 2021: −6.6% vs market
TECHNOE · Sep 2021: −5.9% vs market
PIIND · Jan 2024: −4.5% vs market
GOODYEAR · Oct 2021: −2.9% vs market
CONCOR · Aug 2023: −2.5% vs market
GALAXYSURF · Oct 2025: +0.2% vs market
RATNAMANI · Oct 2025: +1.1% vs market
ACC · Feb 2023: +1.7% vs market
INDNIPPON · Jun 2021: +1.7% vs market
IGL · Aug 2022: +1.9% vs market
INDIGOPNTS · Oct 2025: +5.4% vs market
AIAENG · Jul 2021: +11.4% vs market
GRAPHITE · Jan 2023: +11.6% vs market
ENDURANCE · Apr 2022: +11.8% vs market
ZEEL · Jul 2021: +13.2% vs market
STARCEMENT · Dec 2021: +13.8% vs market
GLAND · Oct 2024: +13.9% vs market
IPCALAB · May 2023: +14.5% vs market
VOLTAMP · Dec 2020: +18.2% vs market
CUMMINSIND · May 2020: +20.1% vs market
MAYURUNIQ · Jun 2022: +22.5% vs market
SHREECEM · Aug 2024: +24.6% vs market
AMBUJACEM · Mar 2022: +28.7% vs market
FDC · Aug 2022: +31.7% vs market
GPPL · Apr 2022: +32.5% vs market
MANKIND · Jul 2024: +34.4% vs market
KSB · Sep 2020: +55.8% vs market
LMW · Apr 2020: +60.2% vs market
FINCABLES · Sep 2025: +76.4% vs market
Similar setups −2.7%All companies −4.4%← 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

Similar setups' median
−2.7%
All companies' median
−4.4%
Beat the market
48% vs 45%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
FINCABLES
Producer Manufacturing		 Sep 2025 20x18% −42%−44% +76%
RALLIS
Process Industries		 Mar 2021 22x16% +44%−23% −24%
ATUL
Process Industries		 May 2023 33x19% −17%−31% −42%
AMBUJACEM
Non-Energy Minerals		 Mar 2022 21x17% −3%−32% +29%
ARE&M
Producer Manufacturing		 Jul 2025 19x16% −41%−42% −10%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GRAPHITE
Process Industries		 Jan 2023 14x14% −28%−39% +12%
ACC
Non-Energy Minerals		 Feb 2023 18x19% −17%−37% +2%
AVANTIFEED
Process Industries		 Oct 2022 27x15% −21%−30% −17%
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 ESCORTS KUBOTA 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.

BASF INDIABASF
Process Industries
70%similar
volatilityP/E
ACCACC
Non-Energy Minerals
63%similar
market capdebt/equity
ALEMBIC PHARMACEUTICALS LIMITEAPLLTD
Health Technology
63%similar
volatilitymarket cap
AWL AGRI BUSINESSAWL
Process Industries
62%similar
P/Emarket cap
DODLA DAIRYDODLA
Consumer Non-Durables
62%similar
volatilityrevenue growth
CIE AUTOMOTIVE INDIACIEINDIA
Producer Manufacturing
60%similar
volatilityrevenue
CROMPTON GREAVES CONS ELECCROMPTON
Producer Manufacturing
60%similar
volatilityoperating margin
V-GUARD INDUSTRIESVGUARD
Producer Manufacturing
58%similar
operating marginrevenue growth

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

What changed?

30 events since Aug '23

  1. NovPriceFell 45% from the Sep 2024 peak to the Nov 2026 low.
  2. NovPriceVolume reached 9.6x its 50-day median on 2026-11-02; price -5.9% that day.
  3. SepResultsYear-on-year EPS growth turned negative.
  4. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  5. AugPriceVolume reached 6.6x its 50-day median on 2026-08-03; price +1.6% that day.
  6. MayPriceVolume reached 6.5x its 50-day median on 2026-05-29; price -0.7% that day.
  7. MarPriceVolume reached 9.4x its 50-day median on 2026-03-20; price +6.0% that day.
  8. JanValuationP/E fell below the 10th percentile of its own history to date (16.1x).
Show 22 earlier events
  1. DecResultsRevenue (TTM) reached a new high of ₹10,685 cr.
  2. OctPriceVolume reached 6.8x its 50-day median on 2025-10-01; price +5.5% that day.
  3. SepValuationP/E fell below the 10th percentile of its own history to date (16.3x).
  4. SepPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  5. SepPriceVolume reached 34.2x its 50-day median on 2025-09-04; price -1.2% that day.
  6. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  7. MayPriceVolume reached 5.3x its 50-day median on 2025-05-28; price -4.5% that day.
  8. MarResultsRevenue (TTM) reached a new high of ₹10,100 cr.
  9. FebPriceVolume reached 5.0x its 50-day median on 2025-02-11; price -5.2% that day.
  10. DecPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  11. OctPriceVolume reached 8.9x its 50-day median on 2024-10-24; price -5.6% that day.
  12. SepPriceVolume reached 9.1x its 50-day median on 2024-09-20; price +6.9% that day.
  13. AugPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  14. JunResultsYear-on-year EPS growth turned positive.
  15. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  16. AprValuationP/E crossed above the 90th percentile of its own history to date (69.6x).
  17. AprPriceVolume reached 5.3x its 50-day median on 2024-04-19; price +2.9% that day.
  18. MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  19. FebPriceVolume reached 7.1x its 50-day median on 2024-02-09; price -4.3% that day.
  20. NovPriceVolume reached 6.4x its 50-day median on 2023-11-30; price -0.7% that day.
  21. AugPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  22. AugPriceVolume reached 9.4x its 50-day median on 2023-08-02; price +1.4% 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1119.7x₹12248 cr11.2%14.0%0.0x
2026-1020.8x₹12248 cr11.2%14.0%0.0x
2026-0922.0x₹12248 cr11.2%14.0%0.0x
2026-0814.0x₹11540 cr19.3%14.0%0.0x
2026-0714.4x₹11540 cr19.3%14.0%0.0x
2026-0613.7x₹11540 cr19.3%14.0%0.0x
2026-0513.4x₹11017 cr23.1%11.0%0.0x
2026-0415.2x₹11017 cr23.1%11.0%0.0x
2026-0312.8x₹11017 cr23.1%11.0%0.0x
2026-0216.7x₹10685 cr22.7%11.0%0.0x
2026-0116.1x₹10685 cr22.7%11.0%0.0x
2025-1217.7x₹10685 cr22.7%11.0%0.0x
2025-1118.1x₹10170 cr22.8%11.0%0.0x
2025-1017.9x₹10170 cr22.8%11.0%0.0x
2025-0916.3x₹10170 cr22.8%11.0%0.0x
2025-0831.5x₹10244 cr12.2%11.0%0.0x
2025-0729.6x₹10244 cr12.2%11.0%0.0x
2025-0629.4x₹10244 cr12.2%11.0%0.0x
2025-0530.4x₹10100 cr13.0%14.0%0.0x
2025-0429.8x₹10100 cr13.0%14.0%0.0x
2025-0329.7x₹10100 cr13.0%14.0%0.0x
2025-0226.6x₹9880 cr12.7%14.0%0.0x
2025-0133.6x₹9880 cr12.7%14.0%0.0x
2024-1230.9x₹9880 cr12.7%14.0%0.0x
2024-1136.3x₹10081 cr11.5%14.0%0.0x
2024-1038.3x₹10081 cr11.5%14.0%0.0x
2024-0943.7x₹10081 cr11.5%14.0%0.0x
2024-0839.8x₹9862 cr11.4%14.0%0.0x
2024-0743.1x₹9862 cr11.4%14.0%0.0x
2024-0642.9x₹9862 cr11.4%14.0%0.0x
2024-0579.1x₹8429 cr7.8%11.0%0.0x
2024-0469.6x₹8429 cr7.8%11.0%0.0x
2024-0357.5x₹8429 cr7.8%11.0%0.0x
2024-0259.2x₹8429 cr7.8%11.0%0.0x
2024-0161.8x₹8429 cr7.8%11.0%0.0x
2023-1261.8x₹8429 cr7.8%11.0%0.0x
2023-1165.3x₹8429 cr7.8%11.0%0.0x
2023-1064.9x₹8429 cr7.8%11.0%0.0x
2023-0966.0x₹8429 cr7.8%11.0%0.0x
2023-0865.5x₹8429 cr7.8%11.0%0.0x
2023-0752.6x₹8429 cr7.8%11.0%0.0x
2023-0646.6x₹8429 cr7.8%11.0%0.0x
2023-0539.0x₹7283 cr9.7%16.0%0.0x
2023-0435.5x₹7283 cr9.7%16.0%0.0x
2023-0333.9x₹7283 cr9.7%16.0%0.0x
2023-0237.2x₹7283 cr9.7%16.0%0.0x
2023-0137.4x₹7283 cr9.7%16.0%0.0x
2022-1238.3x₹7283 cr9.7%16.0%0.0x
2022-1141.0x₹7283 cr9.7%16.0%0.0x
2022-1036.5x₹7283 cr9.7%16.0%0.0x
2022-0938.1x₹7283 cr9.7%16.0%0.0x
2022-0835.7x₹7283 cr9.7%16.0%0.0x
2022-0731.0x₹7283 cr9.7%16.0%0.0x
2022-0625.9x₹7283 cr9.7%16.0%0.0x
2022-0525.2x₹7014 cr17.3%28.0%0.0x
2022-0425.3x₹7014 cr17.3%28.0%0.0x
2022-0326.2x₹7014 cr17.3%28.0%0.0x
2022-0228.6x₹7014 cr17.3%28.0%0.0x
2022-0128.6x₹7014 cr17.3%28.0%0.0x
2021-1229.5x₹7014 cr17.3%28.0%0.0x

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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