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INDO TECH TRANSFORMERS LIMITED (INDOTECH)

Producer Manufacturing · Electrical Products · figures to Nov '26

Balance sheet #19
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.90 / 100
Profitability 80Growth 90Balance 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.35 / 100
Price 3Earnings 59FII/DII 41

Passes these screensQuality CompounderHigh MomentumDebt-light & profitableConsistent compounders

Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹2,694 latest close · −14.1% over the last 90 sessions

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

₹2,694 month-end · +59.3% over 12 months

₹1,000₹2,000₹3,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,000₹2,000₹3,000Nov '25May '26Nov '26

₹2,694 month-end · +380.9% over 3 years

₹1,000₹2,000₹3,000₹4,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹1,000₹2,000₹3,000₹4,000Nov '23May '25Nov '26

₹2,694 month-end · +2442.7% since Jan '19

₹0₹2,000₹4,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹2,000₹4,000Jan '19Dec '22Nov '26

52-week range ₹1100.00 to ₹4030.00 · 1-year volatility 60.3%

Was the rally earned?

+59%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings added 32 points and the multiple added 27 points (P/E 23.3x to 28.8x).
  • The share count barely moved.
Net profit growth: +32 pts. Points of the price return explained by net profit growing (or shrinking).+32 ptsNet profit growthP/E change: +27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+27 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: +59%+59%Share priceNet profit growth: +32 pts. Points of the price return explained by net profit growing (or shrinking).+32ProfitP/E change: +27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+27P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +59%+59%Share price
Net profit growth+32 ptsNet profit rose about 29%, which lifts the price.
P/E change+27 ptsThe P/E rose from 23.3x to 28.8x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+381%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 328 points to the rise, while the multiple moved less (P/E 23.1x to 28.8x).
  • The share count barely moved.
Net profit growth: +325 pts. Points of the price return explained by net profit growing (or shrinking).+325 ptsNet profit growthP/E change: +53 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+53 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: +381%+381%Share priceNet profit growth: +325 pts. Points of the price return explained by net profit growing (or shrinking).+325ProfitP/E change: +53 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+53P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: +381%+381%Share price
Net profit growth+325 ptsNet profit rose about 282%, which lifts the price.
P/E change+53 ptsThe P/E rose from 23.1x to 28.8x, which lifts the price.
Share count change+3 ptsShare count was little changed. More shares would count against the price.
+1517%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 1504 points to the rise, while the multiple moved less (P/E 28.2x to 28.8x).
  • The share count rose 5%.
Net profit growth: +1529 pts. Points of the price return explained by net profit growing (or shrinking).+1529 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: −25 pts. Points of the price return explained by the share count changing. More shares count against the price.−25 ptsShare count changeShare price: +1517%+1517%Share priceNet profit growth: +1529 pts. Points of the price return explained by net profit growing (or shrinking).+1529ProfitP/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: −25 pts. Points of the price return explained by the share count changing. More shares count against the price.−25SharesShare price: +1517%+1517%Share price
Net profit growth+1529 ptsNet profit rose about 1555%, which lifts the price.
P/E change+13 ptsThe P/E rose from 28.2x to 28.8x, which lifts the price.
Share count change-25 ptsShare count rose 5%, which lowers the price.
What do "pts" mean?

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

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

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

Compare this with BHARAT HEAVY ELECTRICALS

How rough has the ride been?

Maximum drawdown-69.2%recovered 2026-08
1-year volatility60.3%annualised
Beta vs sector index1.223-year daily, correlation 0.41
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−67.2% 0%−20%−40%−60%2020202220242026−67.2%
Largest drawdowns

-69.2% (2025-01 peak to 2026-03 low, recovered 2026-08)

-51.1% (2019-01 peak to 2020-05 low, recovered 2021-06)

-48.0% (2021-07 peak to 2021-09 low, recovered 2023-05)

Most recent volume spikes

2026-10-26: 10.1x the 50-day median, price -2.8% 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?

28.8xP/E todayWithin its usual range
Against its own history41st percentile
CheapestMedian 33.4xDearest

Usual range 17.2x to 53.3x since 2019-01.

Against Producer Manufacturing28.8x vs 29.6x
This company
28.8x
Sector median
29.6x

Close to the Producer Manufacturing median.

10.6x30.7x50.8x71.0xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x30.7x50.8x71.0xJan '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

  • ROCE96thflat vs a year ago
  • Op. margin65th▼ 4 pts vs a year ago
  • Revenue growth70th▼ 20 pts vs a year ago
  • EPS growth68th▼ 18 pts vs a year ago
  • Debt/equity ↓86th▲ 3 pts vs a year ago
  • Cash cycle ↓37thflat vs a year ago
  • P/E ↓53rd▼ 15 pts vs a year ago
  • 12M momentum89th▲ 69 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?

~29%annual earnings growth implied by the price

At a P/E of 59.5x, the price would imply about 28.6%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

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

Key figures

Share Priceclose 9 Nov
₹2694.00
P/E
28.8x
ROCE
40.0%
Market Cap
₹2861 cr
Revenue (TTM)
₹846 cr
P/S
3.4x
P/B
7.6x
ROE
26.5%
Operating Margin
14.0%
Debt / Equity
0.0x
Promoter Holding
72.2%
12M Momentum
59.3%

52-week range

₹1100.00₹4030.00
54% of the way from its 52-week low to its high

Price risk

1Y volatility
60.3%
Beta vs sector
1-year daily
1.59

Balance sheet & cash

Interest cover
operating profit ÷ interest
45.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.71x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance9%Within range

Other income as a share of pre-tax profit (trailing twelve months): 9.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.71xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.71x (cash from operations ₹144 cr, net profit ₹204 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-45 daysWithin range

Debtor days are below the median of the previous three fiscal years by 45 days (56 vs 101). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress16% of fixed assetsWithin range

Capital work-in-progress is 16% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-50 days / 2 yrsWithin range

Days payable changed by -50 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 2.8 pts.
  • The number of shareholders rose from 8,900 to 24,680 (+177%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters75.0%72.2%-2.8 pts
FIIs0.0%0.3%+0.3 pts
DIIs0.0%0.1%+0.1 pts
Public and others25.0%27.5%+2.5 pts

Number of shareholders

24,680shareholders+177% since Dec '23
9k15k21k28k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 8,900
Mar '24: 11,075
Jun '24: 16,210
Sep '24: 17,302
Dec '24: 20,675
Mar '25: 25,077
Jun '25: 27,561
Sep '25: 26,561
Dec '25: 26,361
Mar '26: 25,871
Jun '26: 24,680
 9k15k21k28k Dec '23Dec '24Dec '25Jun '26
Dec '23: 8,900
Mar '24: 11,075
Jun '24: 16,210
Sep '24: 17,302
Dec '24: 20,675
Mar '25: 25,077
Jun '25: 27,561
Sep '25: 26,561
Dec '25: 26,361
Mar '26: 25,871
Jun '26: 24,680

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

−5.4%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 INDO TECH TRANSFORMERS 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 −28% to +23% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (0%, 80% range −14.0% to +6.9%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ALLETEC · Jun 2025: −64.0% vs market
APTECHT · Jun 2023: −58.6% vs market
FOCUS · Jan 2024: −52.0% vs market
BASILIC · May 2025: −49.7% vs market
OAL · May 2021: −38.6% vs market
SAKSOFT · Aug 2023: −38.0% vs market
VOLTAMP · Oct 2024: −37.8% vs market
MOLDTECH · Jul 2023: −37.8% vs market
SHYAMCENT · May 2022: −36.0% vs market
JUSTDIAL · Mar 2021: −33.3% vs market
NDRAUTO · Oct 2025: −29.5% vs market
MARKSANS · Feb 2021: −29.4% vs market
PLATIND · Mar 2025: −28.5% vs market
RAILTEL · Apr 2024: −27.1% vs market
BEPL · Mar 2021: −26.7% vs market
DATAMATICS · Dec 2023: −25.0% vs market
ENGINERSIN · Mar 2024: −23.3% vs market
ITDC · Aug 2024: −22.1% vs market
ANUP · Jul 2025: −22.0% vs market
VILAS · Sep 2025: −21.7% vs market
KIRLOSBROS · Jan 2025: −20.5% vs market
ACE · Sep 2024: −16.3% vs market
EXPLEOSOL · Jan 2022: −13.7% vs market
LIKHITHA · May 2023: −11.7% vs market
NUCLEUS · Aug 2023: −5.5% vs market
IONEXCHANG · Oct 2023: −5.3% vs market
INDRAMEDCO · Mar 2025: −0.9% vs market
GRSE · Aug 2025: +1.3% vs market
ICEMAKE · Dec 2023: +3.1% vs market
FORCEMOT · Oct 2025: +3.9% vs market
VIDHIING · Nov 2021: +4.3% vs market
DANISH · Oct 2025: +6.8% vs market
MPSLTD · Oct 2023: +7.6% vs market
GOLDIAM · Sep 2025: +7.7% vs market
CAPLIPOINT · Nov 2020: +8.4% vs market
BETA · Aug 2022: +12.2% vs market
HBLENGINE · Jun 2024: +16.1% vs market
ELECON · Sep 2023: +24.7% vs market
TI · Jun 2025: +30.9% vs market
THEJO · Feb 2022: +31.1% vs market
NEULANDLAB · May 2025: +45.3% vs market
MONARCH · Jan 2023: +46.3% vs market
COFORGE · Nov 2020: +60.4% vs market
APCOTEXIND · May 2021: +66.8% vs market
MAZDOCK · Nov 2023: +76.5% vs market
RSYSTEMS · Nov 2020: +88.8% vs market
DENORA · Nov 2022: +103.8% vs market
AEROFLEX · Jul 2025: +118.6% vs market
JSLL · Jan 2024: +153.1% vs market
FCL · Oct 2021: +196.8% vs market
Similar setups −5.4%All companies −5.4%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
−5.4%
All companies' median
−5.4%
Beat the market
46% vs 44%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
EXPLEOSOL
Technology Services		 Jan 2022 27x39% +221%−18% −14%
DANISH
Producer Manufacturing		 Oct 2025 30x36% +27%−32% +7%
FCL
Process Industries		 Oct 2021 31x28% +291%−15% +197%
MPSLTD
Consumer Services		 Oct 2023 22x36% +127%−17% +8%
IONEXCHANG
Producer Manufacturing		 Oct 2023 40x34% +155%−19% −5%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MARKSANS
Health Technology		 Feb 2021 19x25% +227%−14% −29%
SAKSOFT
Technology Services		 Aug 2023 41x28% +217%−12% −38%
VOLTAMP
Producer Manufacturing		 Oct 2024 35x32% +141%−20% −38%
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, P/E and 12-month momentum. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 INDO TECH TRANSFORMERS 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.

SUPRIYA LIFESCIENCESUPRIYA
Health Technology
66%similar
revenuedebt/equity
GOLDIAM INTERNATIONALGOLDIAM
Consumer Durables
62%similar
revenue growthrevenue
INFOBEANS TECHNOLOGIESINFOBEAN
Technology Services
61%similar
promoter holdingvolatility
SILVER TOUCH TECHNOLOGIESSILVERTUC
Technology Services
59%similar
EPS growthrevenue growth
J.G.CHEMICALSJGCHEM
Process Industries
58%similar
debt/equitypromoter holding
DYNAMIC CABLESDYCL
Producer Manufacturing
71%similar
volatilityrevenue growth
DANISH POWERDANISH
Producer Manufacturing
70%similar
P/Edebt/equity
SHILCHAR TECHNOLOGIESSHILCTECH
Producer Manufacturing
67%similar
ROCEP/E

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

What changed?

30 events since Apr '24

  1. OctPriceFell 34% from the Aug 2026 peak to the Oct 2026 low.
  2. OctPriceVolume reached 10.1x its 50-day median on 2026-10-26; price -2.8% that day.
  3. SepPromoterPromoter holding fell 2.8 pts to 72.2%.
  4. SepPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  5. AugPriceRegained the 2025-01 peak, 5 months after the low.
  6. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  7. JunDividendStarted paying a dividend (payout 11% of profit).
  8. AprPriceVolume reached 9.2x its 50-day median on 2026-04-24; price -2.7% that day.
Show 22 earlier events
  1. MarPriceFell 69% from the Jan 2025 peak to the Mar 2026 low.
  2. FebPriceVolume reached 40.0x its 50-day median on 2026-02-23; price +10.0% that day.
  3. JanValuationP/E fell below the 10th percentile of its own history to date (16.8x).
  4. DecPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  5. NovPriceVolume reached 23.8x its 50-day median on 2025-11-14; price +1.4% that day.
  6. SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  7. AugPriceVolume reached 8.1x its 50-day median on 2025-08-18; price -0.7% that day.
  8. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  9. MayPriceVolume reached 8.9x its 50-day median on 2025-05-23; price -5.0% that day.
  10. FebPriceVolume reached 6.8x its 50-day median on 2025-02-19; price -3.7% that day.
  11. DecResultsRevenue (TTM) reached a new high of ₹542 cr.
  12. DecPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  13. NovValuationP/E crossed above the 90th percentile of its own history to date (57.2x).
  14. OctPriceRegained the 2024-08 peak, 0 months after the low.
  15. OctPriceFell 28% from the Aug 2024 peak to the Oct 2024 low.
  16. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  17. JulPriceRegained the 2024-04 peak, 2 months after the low.
  18. JunResultsRevenue (TTM) reached a new high of ₹503 cr.
  19. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  20. MayPriceFell 31% from the Apr 2024 peak to the May 2024 low.
  21. AprValuationP/E crossed above the 90th percentile of its own history to date (71.0x).
  22. AprPriceVolume reached 7.5x its 50-day median on 2024-04-19; price +10.0% 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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1128.8x₹846 cr26.5%40.0%0.0x
2026-1029.0x₹846 cr26.7%40.0%0.0x
2026-0934.1x₹846 cr26.7%40.0%0.0x
2026-0842.4x₹782 cr24.9%40.0%0.0x
2026-0739.5x₹782 cr24.9%40.0%0.0x
2026-0637.0x₹782 cr24.9%40.0%0.0x
2026-0529.8x₹749 cr32.0%38.0%0.0x
2026-0431.9x₹749 cr32.0%38.0%0.0x
2026-0313.1x₹749 cr32.0%38.0%0.0x
2026-0219.9x₹730 cr29.9%38.0%0.0x
2026-0116.8x₹730 cr29.9%38.0%0.0x
2025-1219.7x₹730 cr29.9%38.0%0.0x
2025-1123.3x₹693 cr27.4%38.0%0.0x
2025-1023.1x₹693 cr27.4%38.0%0.0x
2025-0922.7x₹693 cr27.4%38.0%0.0x
2025-0828.8x₹611 cr22.8%38.0%0.0x
2025-0727.6x₹611 cr22.8%38.0%0.0x
2025-0632.7x₹611 cr22.8%38.0%0.0x
2025-0530.3x₹580 cr31.7%34.0%0.0x
2025-0435.3x₹580 cr31.7%34.0%0.0x
2025-0334.8x₹580 cr31.7%34.0%0.0x
2025-0235.7x₹542 cr28.0%34.0%0.0x
2025-0145.0x₹542 cr28.0%34.0%0.0x
2024-1251.5x₹542 cr28.0%34.0%0.0x
2024-1157.2x₹492 cr22.9%34.0%0.0x
2024-1045.6x₹492 cr22.9%34.0%0.0x
2024-0939.0x₹492 cr22.9%34.0%0.0x
2024-0847.4x₹503 cr22.0%34.0%0.0x
2024-0748.2x₹503 cr22.0%34.0%0.0x
2024-0636.4x₹503 cr22.0%34.0%0.0x
2024-0570.2x₹371 cr15.2%21.0%0.1x
2024-0471.0x₹371 cr15.2%21.0%0.1x
2024-0340.8x₹371 cr15.2%21.0%0.1x
2024-0242.3x₹371 cr15.2%21.0%0.1x
2024-0137.9x₹371 cr15.2%21.0%0.1x
2023-1227.4x₹371 cr15.2%21.0%0.1x
2023-1123.1x₹371 cr15.2%21.0%0.1x
2023-1020.9x₹371 cr15.2%21.0%0.1x
2023-0917.8x₹371 cr15.2%21.0%0.1x
2023-0818.4x₹371 cr15.2%21.0%0.1x
2023-0719.1x₹371 cr15.2%21.0%0.1x
2023-0617.4x₹371 cr15.2%21.0%0.1x
2023-0532.1x₹280 cr8.3%14.0%0.0x
2023-0417.5x₹280 cr8.3%14.0%0.0x
2023-0315.0x₹280 cr8.3%14.0%0.0x
2023-0216.2x₹280 cr8.3%14.0%0.0x
2023-0118.8x₹280 cr8.3%14.0%0.0x
2022-1215.7x₹280 cr8.3%14.0%0.0x
2022-1116.6x₹280 cr8.3%14.0%0.0x
2022-1019.8x₹280 cr8.3%14.0%0.0x
2022-0918.8x₹280 cr8.3%14.0%0.0x
2022-0815.6x₹280 cr8.3%14.0%0.0x
2022-0719.0x₹280 cr8.3%14.0%0.0x
2022-0615.5x₹280 cr8.3%14.0%0.0x
2022-0532.6x₹206 cr4.5%7.0%0.0x
2022-0437.5x₹206 cr4.5%7.0%0.0x
2022-0336.6x₹206 cr4.5%7.0%0.0x
2022-0237.9x₹206 cr4.5%7.0%0.0x
2022-0138.4x₹206 cr4.5%7.0%0.0x
2021-1238.9x₹206 cr4.5%7.0%0.0x
2021-1128.2x₹206 cr4.5%7.0%0.0x
2021-1027.2x₹206 cr4.5%7.0%0.0x
2021-0926.0x₹206 cr4.5%7.0%0.0x
2021-0827.6x₹206 cr4.5%7.0%0.0x
2021-0738.3x₹206 cr4.5%7.0%0.0x
2021-0639.2x₹206 cr4.5%7.0%0.0x
2021-0567.8x₹205 cr1.5%2.0%0.0x
2021-0452.0x₹205 cr1.5%2.0%0.0x
2021-0347.7x₹205 cr1.5%2.0%0.0x
2021-0253.7x₹205 cr1.5%2.0%0.0x
2021-0154.1x₹205 cr1.5%2.0%0.0x
2020-1263.5x₹205 cr1.5%2.0%0.0x
2020-1153.1x₹205 cr1.5%2.0%0.0x
2020-1049.0x₹205 cr1.5%2.0%0.0x
2020-0952.3x₹205 cr1.5%2.0%0.0x
2020-0853.7x₹205 cr1.5%2.0%0.0x
2020-0751.8x₹205 cr1.5%2.0%0.0x
2020-0652.3x₹205 cr1.5%2.0%0.0x
2020-05—₹213 cr-6.3%-5.0%0.0x
2020-04—₹213 cr-6.3%-5.0%0.0x
2020-03—₹213 cr-6.3%-5.0%0.0x
2020-02—₹213 cr-6.3%-5.0%0.0x
2020-01—₹213 cr-6.3%-5.0%0.0x
2019-12—₹213 cr-6.3%-5.0%0.0x
2019-11—₹213 cr-6.3%-5.0%0.0x
2019-10—₹213 cr-6.3%-5.0%0.0x
2019-09—₹213 cr-6.3%-5.0%0.0x
2019-08—₹213 cr-6.3%-5.0%0.0x
2019-07—₹213 cr-6.3%-5.0%0.0x
2019-06—₹213 cr-6.3%-5.0%0.0x
2019-05—₹220 cr-2.7%-1.0%0.0x
2019-04—₹220 cr-2.7%-1.0%0.0x
2019-03—₹220 cr-2.7%-1.0%0.0x
2019-02—₹220 cr-2.7%-1.0%0.0x
2019-01—₹220 cr-2.7%-1.0%0.0x

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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