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G N A AXLES LIMITED (GNA)

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.50 / 100
Profitability 58Growth 24Balance sheet 69
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.73 / 100
Price 79Earnings 56FII/DII 84

Passes these screensHigh Momentum

Compare withSAMVARDHANA MOTHERSON INTBOSCHCUMMINS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹574.6 latest close · +23.3% over the last 90 sessions

₹450₹500₹550₹600Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹450₹500₹550₹600Jul 3Sep 4Nov 9

₹574.6 month-end · +81.8% over 12 months

₹300₹400₹500₹600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹300₹400₹500₹600Nov '25May '26Nov '26

₹574.6 month-end · +38.3% over 3 years

₹300₹400₹500₹600Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹300₹400₹500₹600Nov '23May '25Nov '26

₹574.6 month-end · +245.5% since Jan '19

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

52-week range ₹295.00 to ₹648.00 · 1-year volatility 48.4%

Was the rally earned?

+82%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings added 35 points and the multiple added 47 points (P/E 13.3x to 18.7x).
  • The share count barely moved.
Net profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36 ptsNet profit growthP/E change: +47 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+47 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: +82%+82%Share priceNet profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36ProfitP/E change: +47 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+47P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +82%+82%Share price
Net profit growth+36 ptsNet profit rose about 30%, which lifts the price.
P/E change+47 ptsThe P/E rose from 13.3x to 18.7x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+38%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 13.7x to 18.7x); per-share earnings added 2 points.
  • The share count barely moved.
Net profit growth: +2 pts. Points of the price return explained by net profit growing (or shrinking).+2 ptsNet profit growthP/E change: +37 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+37 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: +38%+38%Share priceNet profit growth: +2 pts. Points of the price return explained by net profit growing (or shrinking).+2ProfitP/E change: +37 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+37P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +38%+38%Share price
Net profit growth+2 ptsNet profit rose about 2%, which lifts the price.
P/E change+37 ptsThe P/E rose from 13.7x to 18.7x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+70%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 83 points, but investors now pay less per rupee of profit (P/E 20.6x to 18.7x), which took 13 points back.
  • The share count barely moved.
Net profit growth: +82 pts. Points of the price return explained by net profit growing (or shrinking).+82 ptsNet profit growthP/E change: −13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−13 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: +70%+70%Share priceNet profit growth: +82 pts. Points of the price return explained by net profit growing (or shrinking).+82ProfitP/E change: −13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−13P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +70%+70%Share price
Net profit growth+82 ptsNet profit rose about 86%, which lifts the price.
P/E change-13 ptsThe P/E fell from 20.6x to 18.7x, which lowers 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 SAMVARDHANA MOTHERSON INT

How rough has the ride been?

Maximum drawdown-63.9%recovered 2021-01
1-year volatility48.4%annualised
Beta vs sector index1.033-year daily, correlation 0.52
Volume spikes12last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−63.9% 0%−20%−40%−60%2020202220242026−63.9%
Largest drawdowns

-63.9% (2019-01 peak to 2020-04 low, recovered 2021-01)

-58.6% (2021-10 peak to 2022-02 low, recovered 2023-09)

-49.3% (2023-09 peak to 2025-04 low, recovered 2026-07)

Most recent volume spikes

2026-09-24: 23.6x the 50-day median, price +4.0% that day

2026-09-23: 11.6x the 50-day median, price +6.2% that day

2026-09-18: 6.7x the 50-day median, price +4.1% 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?

18.7xP/E todayNear its historic high
Against its own history85th percentile
CheapestMedian 14.7xDearest

Usual range 8.4x to 19.7x since 2019-01.

Against Producer Manufacturing18.7x vs 29.6x
This company
18.7x
Sector median
29.6x

37% below the Producer Manufacturing median.

4.6x17.8x30.9x44.0xJan '19Aug '20Mar '22Oct '23May '25Nov '264.6x17.8x30.9x44.0xJan '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

  • ROCE46th▲ 4 pts vs a year ago
  • Op. margin70thflat vs a year ago
  • Revenue growth33rd▲ 14 pts vs a year ago
  • EPS growth69th▲ 12 pts vs a year ago
  • Debt/equity ↓53rd▲ 7 pts vs a year ago
  • Cash cycle ↓40th▲ 6 pts vs a year ago
  • P/E ↓74th▼ 17 pts vs a year ago
  • 12M momentum94th▲ 56 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?

~16%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 22.7x, a holder earning 12%/yr needs earnings to grow about 16.0%/yr for 10 years, then trade at 15x.

Delivered12.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+4.0 ptsimplied minus delivered
Rank454thmost demanding of 856

Over time

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

0%11%22% Jan 2019Nov 2026 0%11%22% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x17.5%18.5%19.6%
15x15.0%16.0%17.1%
20x11.8%12.8%13.8%

Drag a slider to test other assumptions

Implied: 16.0%/yr

Looking back

  • Jan 2020Price implied 10%/yr; EPS has since grown 9%/yr (7.0 yrs)
  • Jan 2021Price implied 14%/yr; EPS has since grown 14%/yr (6.0 yrs)
  • Jan 2022Price implied 16%/yr; EPS has since grown 11%/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
₹574.60
P/E
18.7x
ROCE
14.0%
Market Cap
₹2467 cr
Revenue (TTM)
₹1604 cr
P/S
1.5x
P/B
2.5x
ROE
13.2%
Operating Margin
15.0%
Debt / Equity
0.2x
Promoter Holding
65.8%
12M Momentum
81.8%

52-week range

₹295.00₹648.00
79% of the way from its 52-week low to its high

Price risk

1Y volatility
48.4%
Beta vs sector
1-year daily
1.20

Balance sheet & cash

Interest cover
operating profit ÷ interest
13.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.25x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance1%Within range

Other income as a share of pre-tax profit (trailing twelve months): 1.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.25xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.25x (cash from operations ₹404 cr, net profit ₹324 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 history+13 daysWithin range

Debtor days are above the median of the previous three fiscal years by 13 days (151 vs 138). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress8% of fixed assetsWithin range

Capital work-in-progress is 8% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+52 days / 2 yrsNear threshold

Days payable changed by +52 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 2.4 pts; FIIs added 1.3 pts; DIIs added 0.6 pts.
  • The number of shareholders fell from 49,424 to 40,672 (-18%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters68.2%65.8%-2.4 pts
FIIs0.4%1.7%+1.3 pts
DIIs10.9%11.6%+0.6 pts
Public and others20.5%20.9%+0.4 pts

Number of shareholders

40,672shareholders-18% since Dec '23
40k44k47k51k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 49,424
Mar '24: 50,805
Jun '24: 50,100
Sep '24: 48,620
Dec '24: 47,945
Mar '25: 48,139
Jun '25: 46,814
Sep '25: 46,289
Dec '25: 45,285
Mar '26: 40,050
Jun '26: 40,672
 40k44k47k51k Dec '23Dec '24Dec '25Jun '26
Dec '23: 49,424
Mar '24: 50,805
Jun '24: 50,100
Sep '24: 48,620
Dec '24: 47,945
Mar '25: 48,139
Jun '25: 46,814
Sep '25: 46,289
Dec '25: 45,285
Mar '26: 40,050
Jun '26: 40,672

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

−12.0%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like G N A AXLES 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 −3% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −8.6%, 80% range −14.9% to −2.6%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SDBL · Jul 2025: −55.1% vs market
KITEX · Feb 2020: −44.7% vs market
KSL · Dec 2024: −37.4% vs market
BALMLAWRIE · Jan 2024: −36.1% vs market
SPAL · Jan 2022: −35.6% vs market
DATAMATICS · Aug 2025: −28.1% vs market
ASAHISONG · Mar 2021: −27.2% vs market
ANDHRSUGAR · Mar 2022: −25.3% vs market
ORIENTCEM · Jul 2024: −24.8% vs market
GOKEX · Nov 2023: −24.1% vs market
GHCL · Jun 2022: −24.0% vs market
ICIL · Apr 2024: −23.7% vs market
DBCORP · Oct 2023: −22.8% vs market
KIRLOSIND · May 2021: −22.7% vs market
MMP · May 2022: −21.8% vs market
CLSEL · Mar 2023: −20.2% vs market
LTFOODS · Jul 2025: −19.9% vs market
JKIL · Jan 2020: −19.0% vs market
JINDRILL · Aug 2023: −18.6% vs market
IFGLEXPOR · Oct 2023: −17.3% vs market
MALLCOM · Feb 2025: −16.6% vs market
LUMAXTECH · Mar 2021: −16.4% vs market
CONFIPET · Aug 2021: −15.4% vs market
TIMETECHNO · Jul 2025: −15.3% vs market
CYIENT · May 2021: −12.0% vs market
TCI · Sep 2022: −11.9% vs market
NRBBEARING · Jul 2023: −11.4% vs market
NIITLTD · Mar 2020: −6.7% vs market
WELENT · Jul 2024: −6.1% vs market
TIIL · Nov 2021: −5.6% vs market
AARTIPHARM · Apr 2025: −2.7% vs market
SHREEPUSHK · Jul 2025: −2.6% vs market
TALBROAUTO · Oct 2023: −1.6% vs market
WABAG · Sep 2024: +2.9% vs market
ZENSARTECH · Dec 2023: +4.7% vs market
TIRUMALCHM · Aug 2021: +5.0% vs market
FIEMIND · Sep 2020: +19.5% vs market
EVERESTIND · Oct 2022: +20.0% vs market
GALLANTT · Aug 2024: +64.5% vs market
SHRIPISTON · May 2023: +71.8% vs market
BBL · Aug 2023: +77.3% vs market
GRWRHITECH · Oct 2023: +99.4% vs market
KOPRAN · Aug 2020: +102.3% vs market
USHAMART · Jul 2022: +103.0% vs market
TDPOWERSYS · Aug 2022: +105.9% vs market
KIRLOSBROS · Jul 2023: +116.6% vs market
IRCON · May 2023: +132.4% vs market
MANALIPETC · Oct 2020: +142.4% vs market
JWL · May 2023: +219.5% vs market
BLISSGVS · Jun 2025: +241.0% vs market
Similar setups −12.0%All companies −3.4%← 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 · 8 beyond the range shown, drawn at the edge

Similar setups' median
−12.0%
All companies' median
−3.4%
Beat the market
34% vs 46%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SHRIPISTON
Producer Manufacturing		 May 2023 21x17% +121%−3% +72%
GALLANTT
Non-Energy Minerals		 Aug 2024 41x12% +305%0% +65%
USHAMART
Producer Manufacturing		 Jul 2022 15x18% +115%−9% +103%
ICIL
Process Industries		 Apr 2024 28x15% +190%−2% −24%
KSL
Non-Energy Minerals		 Dec 2024 21x— +141%−7% −37%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DBCORP
Consumer Services		 Oct 2023 31x12% +166%−6% −23%
GRWRHITECH
Process Industries		 Oct 2023 21x12% +115%−7% +99%
NIITLTD
Commercial Services		 Mar 2020 7x14% −9%−28% −7%
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: P/S, debt/equity 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 G N A AXLES 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.

HUHTAMAKI INDIAHUHTAMAKI
Process Industries
67%similar
P/Evolatility
KALYANI STEELSKSL
Non-Energy Minerals
67%similar
debt/equitypromoter holding
TCI EXPRESSTCIEXP
Transportation
67%similar
ROCErevenue growth
CHAMAN LAL SETIA EXPORTSCLSEL
Process Industries
66%similar
revenuerevenue growth
SAI SILKS KALAMANDIRKALAMANDIR
Retail Trade
66%similar
EPS growthrevenue growth
RAJRATAN GLOBAL WIRERAJRATAN
Producer Manufacturing
64%similar
promoter holdingmarket cap
EVEREST KANTO CYLINDERSEKC
Producer Manufacturing
61%similar
revenuepromoter holding
RISHABH INSTRUMENTSRISHABH
Producer Manufacturing
61%similar
ROCEmarket cap

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. SepPromoterPromoter holding fell 2.7 pts to 65.8% (largest drop in the history since 2019-01).
  2. SepResultsRevenue (TTM) reached a new high of ₹1,604 cr.
  3. SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  4. JulPriceRegained the 2023-09 peak, 15 months after the low.
  5. JulValuationP/E crossed above the 90th percentile of its own history to date (19.7x).
  6. JulPriceVolume reached 27.3x its 50-day median on 2026-07-16; price +7.7% that day.
  7. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  8. JunPriceVolume reached 54.3x its 50-day median on 2026-06-18; price +5.2% that day.
Show 22 earlier events
  1. JanPriceVolume reached 80.2x its 50-day median on 2026-01-06; price +8.9% that day.
  2. DecPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  3. DecPriceVolume reached 38.3x its 50-day median on 2025-12-18; price -0.5% that day.
  4. SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  5. AugPriceVolume reached 8.5x its 50-day median on 2025-08-20; price +5.2% that day.
  6. JulPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  7. JunResultsYear-on-year EPS growth turned positive.
  8. AprPriceFell 49% from the Sep 2023 peak to the Apr 2025 low.
  9. AprPriceVolume reached 31.4x its 50-day median on 2025-04-21; price +14.2% that day.
  10. FebPriceVolume reached 24.4x its 50-day median on 2025-02-24; price +2.6% that day.
  11. OctPriceVolume reached 5.0x its 50-day median on 2024-10-18; price -1.1% that day.
  12. SepValuationP/E crossed above the 90th percentile of its own history to date (20.5x).
  13. SepPriceVolume reached 19.2x its 50-day median on 2024-09-24; price +1.2% that day.
  14. JunResultsYear-on-year EPS growth turned negative.
  15. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  16. JunSharesShare count is up 104.8% over 12 months.
  17. MayPriceVolume reached 12.0x its 50-day median on 2024-05-24; price -3.0% that day.
  18. JanPriceVolume reached 37.9x its 50-day median on 2024-01-10; price +13.6% that day.
  19. DecPriceVolume reached 8.0x its 50-day median on 2023-12-27; price +3.9% that day.
  20. SepPriceRegained the 2021-10 peak, 19 months after the low.
  21. JulPriceVolume reached 28.5x its 50-day median on 2023-07-03; price +8.7% that day.
  22. JunResultsRevenue (TTM) reached a new high of ₹1,583 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
2026-1118.7x₹1604 cr13.2%14.0%0.2x
2026-1017.4x₹1604 cr13.1%14.0%0.2x
2026-0919.4x₹1604 cr13.1%14.0%0.2x
2026-0819.8x₹1478 cr11.7%14.0%0.2x
2026-0719.7x₹1478 cr11.7%14.0%0.2x
2026-0616.2x₹1478 cr11.7%14.0%0.2x
2026-0514.3x₹1445 cr12.3%14.0%0.3x
2026-0416.6x₹1445 cr12.3%14.0%0.3x
2026-0313.7x₹1445 cr12.3%14.0%0.3x
2026-0217.1x₹1445 cr11.6%14.0%0.3x
2026-0114.7x₹1445 cr11.6%14.0%0.3x
2025-1212.2x₹1445 cr11.6%14.0%0.3x
2025-1113.3x₹1485 cr11.3%14.0%0.3x
2025-1013.2x₹1485 cr11.3%14.0%0.3x
2025-0912.9x₹1485 cr11.3%14.0%0.3x
2025-0812.0x₹1541 cr11.9%14.0%0.3x
2025-0712.2x₹1541 cr11.9%14.0%0.3x
2025-0613.2x₹1541 cr11.9%14.0%0.3x
2025-0514.9x₹1534 cr12.3%15.0%0.3x
2025-0413.7x₹1534 cr12.3%15.0%0.3x
2025-0314.9x₹1534 cr12.3%15.0%0.3x
2025-0213.5x₹1516 cr12.0%15.0%0.3x
2025-0116.1x₹1516 cr12.0%15.0%0.3x
2024-1218.2x₹1516 cr12.0%15.0%0.3x
2024-1118.8x₹1532 cr11.8%15.0%0.3x
2024-1018.2x₹1532 cr11.8%15.0%0.3x
2024-0920.5x₹1532 cr11.8%15.0%0.3x
2024-0818.5x₹1506 cr12.5%15.0%0.3x
2024-0718.1x₹1506 cr12.5%15.0%0.3x
2024-0617.0x₹1506 cr12.5%15.0%0.3x
2024-0512.6x₹1583 cr18.2%21.0%0.3x
2024-0413.7x₹1583 cr18.2%21.0%0.3x
2024-0312.5x₹1583 cr18.2%21.0%0.3x
2024-0214.0x₹1583 cr18.2%21.0%0.3x
2024-0116.1x₹1583 cr18.2%21.0%0.3x
2023-1214.7x₹1583 cr18.2%21.0%0.3x
2023-1113.7x₹1583 cr18.2%21.0%0.3x
2023-1012.9x₹1583 cr18.2%21.0%0.3x
2023-0915.5x₹1583 cr18.2%21.0%0.3x
2023-0816.9x₹1583 cr18.2%21.0%0.3x
2023-0716.8x₹1583 cr18.2%21.0%0.3x
2023-0613.1x₹1583 cr18.2%21.0%0.3x
2023-0517.7x₹1270 cr15.0%17.0%0.4x
2023-0420.0x₹1270 cr15.0%17.0%0.4x
2023-0319.0x₹1270 cr15.0%17.0%0.4x
2023-0221.6x₹1270 cr15.0%17.0%0.4x
2023-0118.6x₹1270 cr15.0%17.0%0.4x
2022-1216.2x₹1270 cr15.0%17.0%0.4x
2022-1115.9x₹1270 cr15.0%17.0%0.4x
2022-1016.3x₹1270 cr15.0%17.0%0.4x
2022-0915.4x₹1270 cr15.0%17.0%0.4x
2022-0816.8x₹1270 cr15.0%17.0%0.4x
2022-0713.7x₹1270 cr15.0%17.0%0.4x
2022-0612.1x₹1270 cr15.0%17.0%0.4x
2022-0516.0x₹890 cr13.7%15.0%0.4x
2022-0415.9x₹890 cr13.7%15.0%0.4x
2022-0314.8x₹890 cr13.7%15.0%0.4x
2022-0214.7x₹890 cr13.7%15.0%0.4x
2022-0116.4x₹890 cr13.7%15.0%0.4x
2021-1222.1x₹890 cr13.7%15.0%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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