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HONEYWELL AUTOMATION INDIA LTD (HONAUT)

Electronic Technology · Electronic Equipment/Instruments · 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.62 / 100
Profitability 54Growth 33Balance 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.44 / 100
Price 13Earnings 52FII/DII 66

Passes these screensCash RichDebt-light & profitable

Compare withHITACHI ENERGY INDIAAPAR INDUSTRIESGENUS POWER INFRASTRUCTURES LT

Share price

Closing priceAdjusted for splits and bonus issues.

₹30,100 latest close · −23.8% over the last 90 sessions

₹30,000₹35,000₹40,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹30,000₹35,000₹40,000Jul 3Sep 4Nov 9

₹30,100 month-end · −15.0% over 12 months

₹25,000₹30,000₹35,000₹40,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹25,000₹30,000₹35,000₹40,000Nov '25May '26Nov '26

₹30,100 month-end · −17.9% over 3 years

₹30,000₹40,000₹50,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹30,000₹40,000₹50,000Nov '23May '25Nov '26

₹30,100 month-end · +40.7% since Jan '19

₹20,000₹40,000₹60,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹20,000₹40,000₹60,000Jan '19Dec '22Nov '26

52-week range ₹26220.00 to ₹41495.00 · 1-year volatility 30.8%

Was the rally earned?

-15%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 7 points, but investors now pay less per rupee of profit (P/E 61.2x to 48.3x), which took 22 points back.
  • The share count barely moved.
Net profit growth: +7 pts. Points of the price return explained by net profit growing (or shrinking).+7 ptsNet profit growthP/E change: −22 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−22 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: −15%−15%Share priceNet profit growth: +7 pts. Points of the price return explained by net profit growing (or shrinking).+7ProfitP/E change: −22 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−22P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −15%−15%Share price
Net profit growth+7 ptsNet profit rose about 8%, which lifts the price.
P/E change-22 ptsThe P/E fell from 61.2x to 48.3x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-18%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 21 points, but investors now pay less per rupee of profit (P/E 74.0x to 48.3x), which took 39 points back.
  • The share count barely moved.
Net profit growth: +21 pts. Points of the price return explained by net profit growing (or shrinking).+21 ptsNet profit growthP/E change: −39 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−39 ptsP/E changeShare price: −18%−18%Share priceNet profit growth: +21 pts. Points of the price return explained by net profit growing (or shrinking).+21ProfitP/E change: −39 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−39P/EShare price: −18%−18%Share price
Net profit growth+21 ptsNet profit rose about 26%, which lifts the price.
P/E change-39 ptsThe P/E fell from 74.0x to 48.3x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-23%share price, 5 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 16 points, but investors now pay less per rupee of profit (P/E 74.8x to 48.3x), which took 38 points back.
  • The share count barely moved.
Net profit growth: +16 pts. Points of the price return explained by net profit growing (or shrinking).+16 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 price: −23%−23%Share priceNet profit growth: +16 pts. Points of the price return explained by net profit growing (or shrinking).+16ProfitP/E change: −38 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−38P/EShare price: −23%−23%Share price
Net profit growth+16 ptsNet profit rose about 20%, which lifts the price.
P/E change-38 ptsThe P/E fell from 74.8x to 48.3x, 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 HITACHI ENERGY INDIA

How rough has the ride been?

Maximum drawdown-55.1%not yet recovered
1-year volatility30.8%annualised
Beta vs sector index0.423-year daily, correlation 0.41
Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−54.1% 0%−20%−40%2020202220242026−54.1%
Largest drawdowns

-55.1% (2024-07 peak to 2026-03 low, not yet recovered)

-46.8% (2020-02 peak to 2020-03 low, recovered 2020-12)

-37.9% (2021-03 peak to 2022-05 low, recovered 2024-05)

Most recent volume spikes

2026-10-28: 6.6x the 50-day median, price -2.9% that day

2026-09-29: 11x the 50-day median, price +0.4% that day

2026-09-18: 5.5x the 50-day median, price +4.5% 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?

48.3xP/E todayNear its historic low
Against its own history3rd percentile
CheapestMedian 74.4xDearest

Usual range 56.1x to 98.4x since 2019-01.

Against Electronic Technology48.3x vs 55.3x
This company
48.3x
Sector median
55.3x

13% below the Electronic Technology median.

9.6x43.9x78.3x112.6xJan '19Aug '20Mar '22Oct '23May '25Nov '269.6x43.9x78.3x112.6xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianElectronic Technology median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianElectronic Technology 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 Electronic Technology is valued

Where does it rank among Electronic Technology peers?

Each cell is the company's percentile rank among its Electronic Technology 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

  • ROCE57thflat vs a year ago
  • Op. margin52ndflat vs a year ago
  • Revenue growth28th▼ 3 pts vs a year ago
  • EPS growth42nd▲ 18 pts vs a year ago
  • Debt/equity ↓81stflat vs a year ago
  • Cash cycle ↓95th▲ 5 pts vs a year ago
  • P/E ↓55th▲ 8 pts vs a year ago
  • 12M momentum37th▼ 13 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 Electronic Technology sector page Watch it move against Electronic Technology in the Observatory

What is the price implying?

~27%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 57.3x, a holder earning 12%/yr needs earnings to grow about 27.2%/yr for 10 years, then trade at 15x.

Delivered10.3%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+16.8 ptsimplied minus delivered
Rank201stmost demanding of 856

Over time

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

0%19%37% Jan 2019Nov 2026 0%19%37% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x28.7%29.9%31.1%
15x26.0%27.2%28.3%
20x22.6%23.7%24.8%

Drag a slider to test other assumptions

Implied: 27.2%/yr

Looking back

  • Jan 2020Price implied 30%/yr; EPS has since grown 6%/yr (7.0 yrs)
  • Jan 2021Price implied 30%/yr; EPS has since grown 1%/yr (6.0 yrs)
  • Jan 2022Price implied 36%/yr; EPS has since grown 3%/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 Electronic Technology The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹30100.00
P/E
48.3x
ROCE
17.0%
Market Cap
₹26608 cr
Revenue (TTM)
₹4703 cr
P/S
5.7x
P/B
6.0x
ROE
12.3%
Operating Margin
14.0%
Debt / Equity
0.0x
Promoter Holding
75.0%
12M Momentum
-15.0%

52-week range

₹26220.00₹41495.00
25% of the way from its 52-week low to its high

Price risk

1Y volatility
30.8%
Beta vs sector
1-year daily
0.53

Balance sheet & cash

Interest cover
operating profit ÷ interest
83.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.88x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance23%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 23.0%. 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 conversion0.88xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.88x (cash from operations ₹1,358 cr, net profit ₹1,550 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-8 daysWithin range

Debtor days are below the median of the previous three fiscal years by 8 days (90 vs 98). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+10 days / 2 yrsWithin range

Days payable changed by +10 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, FIIs added 1.0 pts; DIIs trimmed 0.6 pts.
  • The number of shareholders fell from 35,496 to 33,525 (-6%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters75.0%75.0%0.0 pts
FIIs2.9%3.9%+1.0 pts
DIIs11.9%11.3%-0.6 pts
Public and others10.2%9.7%-0.4 pts

Number of shareholders

33,525shareholders-6% since Dec '23
30k32k34k35k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 35,496
Mar '24: 33,186
Jun '24: 30,020
Sep '24: 31,097
Dec '24: 34,293
Mar '25: 34,809
Jun '25: 35,226
Sep '25: 34,840
Dec '25: 34,763
Mar '26: 34,974
Jun '26: 33,525
 30k32k34k35k Dec '23Dec '24Dec '25Jun '26
Dec '23: 35,496
Mar '24: 33,186
Jun '24: 30,020
Sep '24: 31,097
Dec '24: 34,293
Mar '25: 34,809
Jun '25: 35,226
Sep '25: 34,840
Dec '25: 34,763
Mar '26: 34,974
Jun '26: 33,525

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

+3.6%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 HONEYWELL AUTOMATION INDIA LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −14% to +17% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (+5.3%, 80% range −0.7% to +6.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%
CELLO · Oct 2025: −47.1% vs market
CARBORUNIV · Nov 2024: −43.5% vs market
DEEPAKNTR · Oct 2024: −36.1% vs market
JYOTHYLAB · Apr 2025: −33.4% vs market
ATUL · Dec 2022: −31.8% vs market
AIAENG · Dec 2020: −29.7% vs market
NATCOPHARM · Mar 2021: −25.9% vs market
NAVINFLUOR · Dec 2022: −25.4% vs market
KANSAINER · Jan 2021: −24.0% vs market
IPCALAB · Jul 2022: −23.9% vs market
ACUTAAS · Jul 2023: −20.7% vs market
INDIAMART · Jan 2023: −20.1% vs market
VINATIORGA · Jan 2025: −14.0% vs market
ESCORTS · Nov 2023: −12.8% vs market
SUPREMEIND · Oct 2025: −12.7% vs market
ENDURANCE · Jun 2022: −6.8% vs market
VOLTAS · Jun 2021: −4.9% vs market
VGUARD · Jun 2020: −4.5% vs market
INTELLECT · Dec 2024: −3.8% vs market
BALKRISIND · Feb 2021: −2.5% vs market
ASTRAL · Oct 2025: −2.2% vs market
UBL · Jul 2024: +2.5% vs market
SCHAEFFLER · Jul 2024: +2.6% vs market
INDIGOPNTS · Sep 2025: +3.1% vs market
HAVELLS · Jun 2020: +3.5% vs market
BOSCHLTD · Sep 2022: +3.6% vs market
SUMICHEM · Sep 2024: +3.8% vs market
ZFCVINDIA · Jul 2025: +4.4% vs market
CONCOR · May 2020: +4.4% vs market
FINPIPE · Aug 2020: +4.4% vs market
EICHERMOT · Jun 2021: +4.6% vs market
RADICO · Oct 2022: +6.4% vs market
UNITDSPR · Sep 2023: +8.7% vs market
MANKIND · May 2024: +9.7% vs market
KAJARIACER · May 2022: +13.3% vs market
AJANTPHARM · Jan 2024: +14.6% vs market
3MINDIA · Oct 2022: +16.4% vs market
GRINDWELL · Oct 2025: +17.5% vs market
TTKPRESTIG · Nov 2020: +23.0% vs market
KSB · Apr 2025: +25.2% vs market
PIIND · Jun 2022: +27.6% vs market
AMBUJACEM · Sep 2021: +28.4% vs market
THERMAX · May 2021: +29.6% vs market
CUMMINSIND · Jul 2021: +33.8% vs market
POLYMED · Sep 2022: +36.9% vs market
JBCHEPHARM · Aug 2022: +44.0% vs market
EMAMILTD · May 2020: +47.7% vs market
SIEMENS · Oct 2023: +50.3% vs market
CERA · Jun 2022: +54.4% vs market
LINDEINDIA · Nov 2022: +64.6% vs market
Similar setups +3.6%All companies −1.7%← 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
+3.6%
All companies' median
−1.7%
Beat the market
58% vs 48%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ZFCVINDIA
Producer Manufacturing		 Jul 2025 54x20% −17%−23% +4%
CARBORUNIV
Process Industries		 Nov 2024 60x20% +23%−19% −44%
AIAENG
Producer Manufacturing		 Dec 2020 32x19% +20%−7% −30%
PIIND
Process Industries		 Jun 2022 46x17% −12%−27% +28%
CUMMINSIND
Producer Manufacturing		 Jul 2021 37x17% +112%−7% +34%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SUPREMEIND
Producer Manufacturing		 Oct 2025 54x22% −11%−25% −13%
KANSAINER
Process Industries		 Jan 2021 57x18% +10%−18% −24%
GRINDWELL
Process Industries		 Oct 2025 51x21% −24%−25% +18%
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, revenue growth and debt/equity. 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 HONEYWELL AUTOMATION INDIA LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

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

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

What is compared

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

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

How closeness and the sample are defined

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

Base rate

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

Limits you should know

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

Does it work? A walk-forward check

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

Disclaimer

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

What else looks like this?

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

AKUMS DRUGS AND PHARMAAKUMS
Health Technology
78%similar
revenuepromoter holding
INDEGENEINDGN
Health Technology
73%similar
debt/equityrevenue
SCHAEFFLER INDIASCHAEFFLER
Producer Manufacturing
73%similar
P/Evolatility
BERGER PAINTS INDIABERGEPAINT
Process Industries
72%similar
promoter holdingP/E
SHYAM METALICS AND ENERGYSHYAMMETL
Producer Manufacturing
71%similar
operating marginmarket cap
BHARAT DYNAMICSBDL
Electronic Technology
66%similar
promoter holdingmarket cap
HINDUSTAN AERONAUTICSHAL
Electronic Technology
51%similar
volatilityrevenue growth
ADITYA INFOTECHCPPLUS
Electronic Technology
36%similar
revenueoperating margin

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

What changed?

30 events since Sep '23

  1. OctPriceVolume reached 6.6x its 50-day median on 2026-10-28; price -2.9% that day.
  2. SepValuationP/E fell below the 10th percentile of its own history to date (53.7x).
  3. SepPriceVolume reached 11.0x its 50-day median on 2026-09-29; price +0.4% that day.
  4. JunResultsYear-on-year EPS growth turned positive.
  5. MayPriceVolume reached 40.1x its 50-day median on 2026-05-21; price +15.9% that day.
  6. MarPriceFell 55% from the Jul 2024 peak to the Mar 2026 low.
  7. MarPeer rankMoved into the 2nd quartile of Electronic Technology on operating margin (from the 3rd quartile).
  8. JanPriceVolume reached 18.7x its 50-day median on 2026-01-07; price -0.2% that day.
Show 22 earlier events
  1. DecValuationP/E fell below the 10th percentile of its own history to date (56.2x).
  2. DecPeer rankSlipped to the 3rd quartile of Electronic Technology on operating margin (from the 2nd quartile).
  3. NovPriceVolume reached 38.8x its 50-day median on 2025-11-24; price +6.2% that day.
  4. SepResultsYear-on-year EPS growth turned negative.
  5. SepPeer rankSlipped to the bottom quartile of Electronic Technology on EPS growth (from the 3rd quartile).
  6. JulPriceVolume reached 6.3x its 50-day median on 2025-07-03; price +6.1% that day.
  7. JunResultsRevenue (TTM) reached a new high of ₹4,189 cr.
  8. JunPeer rankSlipped to the 3rd quartile of Electronic Technology on EPS growth (from the 2nd quartile).
  9. MarPeer rankMoved into the 2nd quartile of Electronic Technology on operating margin (from the 3rd quartile).
  10. FebValuationP/E fell below the 10th percentile of its own history to date (56.5x).
  11. JanPriceVolume reached 9.0x its 50-day median on 2025-01-28; price -1.9% that day.
  12. DecPeer rankSlipped to the 3rd quartile of Electronic Technology on operating margin (from the 2nd quartile).
  13. OctPriceVolume reached 17.3x its 50-day median on 2024-10-30; price -7.7% that day.
  14. SepPeer rankMoved into the 2nd quartile of Electronic Technology on EPS growth (from the 3rd quartile).
  15. JulPeer rankSlipped to the 3rd quartile of Electronic Technology on EPS growth (from the 2nd quartile).
  16. JunResultsRevenue (TTM) reached a new high of ₹4,058 cr.
  17. MayPriceRegained the 2021-03 peak, 24 months after the low.
  18. MayValuationP/E crossed above the 90th percentile of its own history to date (103.8x).
  19. MayPriceVolume reached 32.7x its 50-day median on 2024-05-16; price +13.1% that day.
  20. JanPriceVolume reached 5.2x its 50-day median on 2024-01-09; price +1.3% that day.
  21. DecPriceVolume reached 8.0x its 50-day median on 2023-12-19; price -1.0% that day.
  22. SepPriceVolume reached 14.6x its 50-day median on 2023-09-21; price -1.1% 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
2026-1148.3x₹4703 cr12.3%17.0%0.0x
2026-1047.3x₹4703 cr12.4%17.0%0.0x
2026-0953.7x₹4703 cr12.4%17.0%0.0x
2026-0859.8x₹4682 cr11.8%17.0%0.0x
2026-0764.3x₹4682 cr11.8%17.0%0.0x
2026-0666.9x₹4682 cr11.8%17.0%0.0x
2026-0562.2x₹4615 cr12.5%18.0%0.0x
2026-0454.3x₹4615 cr12.5%18.0%0.0x
2026-0346.1x₹4615 cr12.5%18.0%0.0x
2026-0253.1x₹4537 cr12.8%18.0%0.0x
2026-0157.2x₹4537 cr12.8%18.0%0.0x
2025-1256.2x₹4537 cr12.8%18.0%0.0x
2025-1161.2x₹4412 cr12.7%18.0%0.0x
2025-1063.1x₹4412 cr12.7%18.0%0.0x
2025-0962.4x₹4412 cr12.7%18.0%0.0x
2025-0865.4x₹4189 cr13.0%18.0%0.0x
2025-0765.5x₹4189 cr13.0%18.0%0.0x
2025-0666.5x₹4189 cr13.0%18.0%0.0x
2025-0564.0x₹4026 cr14.7%20.0%0.0x
2025-0457.4x₹4026 cr14.7%20.0%0.0x
2025-0356.0x₹4026 cr14.7%20.0%0.0x
2025-0256.5x₹4006 cr14.6%20.0%0.0x
2025-0167.8x₹4006 cr14.6%20.0%0.0x
2024-1270.3x₹4006 cr14.6%20.0%0.0x
2024-1167.5x₹4086 cr14.8%20.0%0.0x
2024-1075.7x₹4086 cr14.8%20.0%0.0x
2024-0981.0x₹4086 cr14.8%20.0%0.0x
2024-0889.9x₹4058 cr13.9%20.0%0.0x
2024-0796.0x₹4058 cr13.9%20.0%0.0x
2024-06100.0x₹4058 cr13.9%20.0%0.0x
2024-05103.8x₹3448 cr13.7%20.0%0.0x
2024-0491.1x₹3448 cr13.7%20.0%0.0x
2024-0378.1x₹3448 cr13.7%20.0%0.0x
2024-0276.6x₹3448 cr13.7%20.0%0.0x
2024-0178.1x₹3448 cr13.7%20.0%0.0x
2023-1274.4x₹3448 cr13.7%20.0%0.0x
2023-1174.0x₹3448 cr13.7%20.0%0.0x
2023-1072.7x₹3448 cr13.7%20.0%0.0x
2023-0980.4x₹3448 cr13.7%20.0%0.0x
2023-0880.0x₹3448 cr13.7%20.0%0.0x
2023-0786.8x₹3448 cr13.7%20.0%0.0x
2023-0684.1x₹3448 cr13.7%20.0%0.0x
2023-05104.4x₹2948 cr11.9%17.0%0.0x
2023-0492.8x₹2948 cr11.9%17.0%0.0x
2023-0394.9x₹2948 cr11.9%17.0%0.0x
2023-0289.9x₹2948 cr11.9%17.0%0.0x
2023-01102.3x₹2948 cr11.9%17.0%0.0x
2022-12108.7x₹2948 cr11.9%17.0%0.0x
2022-11108.8x₹2948 cr11.9%17.0%0.0x
2022-10102.5x₹2948 cr11.9%17.0%0.0x
2022-09104.3x₹2948 cr11.9%17.0%0.0x
2022-08112.6x₹2948 cr11.9%17.0%0.0x
2022-07104.8x₹2948 cr11.9%17.0%0.0x
2022-0688.1x₹2948 cr11.9%17.0%0.0x
2022-0561.9x₹3043 cr17.8%26.0%0.0x
2022-0477.1x₹3043 cr17.8%26.0%0.0x
2022-0376.3x₹3043 cr17.8%26.0%0.0x
2022-0278.7x₹3043 cr17.8%26.0%0.0x
2022-0182.3x₹3043 cr17.8%26.0%0.0x
2021-1281.0x₹3043 cr17.8%26.0%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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