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JASH ENGINEERING LIMITED (JASH)

Producer Manufacturing · Industrial Machinery · 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.60 / 100
Profitability 39Growth 71Balance sheet 70
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.50 / 100
Price 81Earnings 47FII/DII 23

Passes these screensDebt-light & profitableLittle growth priced inConsistent compounders

Compare withWELSPUN CORPVOLTASTHERMAX

Share price

Closing priceAdjusted for splits and bonus issues.

₹550.8 latest close · +12.0% over the last 90 sessions

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

₹550.8 month-end · +17.5% over 12 months

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

₹550.8 month-end · +110.8% over 3 years

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

₹550.8 month-end · +3198.2% since Feb '19

₹0₹200₹400₹600Feb '19Sep '20Mar '22Oct '23Apr '25Nov '26 ₹0₹200₹400₹600Feb '19Jan '23Nov '26

52-week range ₹327.10 to ₹619.40 · 1-year volatility 42.2%

Was the rally earned?

+18%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 35.7x to 40.4x); per-share earnings added 4 points.
  • The share count barely moved.
Net profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6 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: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: +18%+18%Share priceNet profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6ProfitP/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: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +18%+18%Share price
Net profit growth+6 ptsNet profit rose about 6%, which lifts the price.
P/E change+13 ptsThe P/E rose from 35.7x to 40.4x, which lifts the price.
Share count change-2 ptsShare count was little changed. More shares would count against the price.
+111%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 69 points and the multiple added 42 points (P/E 30.4x to 40.4x).
  • The share count rose 4%.
Net profit growth: +75 pts. Points of the price return explained by net profit growing (or shrinking).+75 ptsNet profit growthP/E change: +42 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+42 ptsP/E changeShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6 ptsShare count changeShare price: +111%+111%Share priceNet profit growth: +75 pts. Points of the price return explained by net profit growing (or shrinking).+75ProfitP/E change: +42 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+42P/EShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6SharesShare price: +111%+111%Share price
Net profit growth+75 ptsNet profit rose about 66%, which lifts the price.
P/E change+42 ptsThe P/E rose from 30.4x to 40.4x, which lifts the price.
Share count change-6 ptsShare count rose 4%, which lowers the price.
+511%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 276 points and the multiple added 235 points (P/E 17.5x to 40.4x).
  • The share count rose 5%.
Net profit growth: +289 pts. Points of the price return explained by net profit growing (or shrinking).+289 ptsNet profit growthP/E change: +235 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+235 ptsP/E changeShare count change: −13 pts. Points of the price return explained by the share count changing. More shares count against the price.−13 ptsShare count changeShare price: +511%+511%Share priceNet profit growth: +289 pts. Points of the price return explained by net profit growing (or shrinking).+289ProfitP/E change: +235 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+235P/EShare count change: −13 pts. Points of the price return explained by the share count changing. More shares count against the price.−13SharesShare price: +511%+511%Share price
Net profit growth+289 ptsNet profit rose about 178%, which lifts the price.
P/E change+235 ptsThe P/E rose from 17.5x to 40.4x, which lifts the price.
Share count change-13 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 WELSPUN CORP

How rough has the ride been?

Maximum drawdown-50.3%not yet recovered
1-year volatility42.2%annualised
Beta vs sector index0.993-year daily, correlation 0.46
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−50.3% 0%−20%−40%2020202220242026−50.3%
Largest drawdowns

-50.3% (2025-04 peak to 2026-03 low, not yet recovered)

-47.7% (2020-02 peak to 2020-05 low, recovered 2020-09)

-41.6% (2019-05 peak to 2019-08 low, recovered 2019-11)

Most recent volume spikes

2026-11-05: 8.3x the 50-day median, price +7.2% that day

2026-09-30: 7.5x the 50-day median, price -1.1% that day

2026-09-29: 5.6x the 50-day median, price +1.6% 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?

40.4xP/E todayWithin its usual range
Against its own history79th percentile
CheapestMedian 31.2xDearest

Usual range 15.3x to 45.6x since 2019-02.

Against Producer Manufacturing40.4x vs 29.6x
This company
40.4x
Sector median
29.6x

37% above the Producer Manufacturing median.

8.3x151.4x294.4x437.5xFeb '19Sep '20Apr '22Nov '23Jun '25Nov '268.3x151.4x294.4x437.5xFeb '19Sep '21Apr '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Producer Manufacturing is valued

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE61st▼ 19 pts vs a year ago
  • Op. margin17th▲ 12 pts vs a year ago
  • Revenue growth21st▼ 65 pts vs a year ago
  • EPS growth45th▼ 19 pts vs a year ago
  • Debt/equity ↓54thflat vs a year ago
  • Cash cycle ↓17thflat vs a year ago
  • P/E ↓32nd▼ 14 pts vs a year ago
  • 12M momentum71st▲ 32 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?

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

At normalised P/E (five-year average earnings) of 55.1x, a holder earning 12%/yr needs earnings to grow about 26.9%/yr for 10 years, then trade at 15x.

Delivered40.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−13.7 ptsimplied minus delivered
Rank742ndmost demanding of 856

Over time

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

-2%19%41% Feb 2019Nov 2026 -2%19%41% Feb 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x28.5%29.7%30.8%
15x25.8%26.9%28.1%
20x22.3%23.4%24.5%

Drag a slider to test other assumptions

Implied: 26.9%/yr

Looking back

  • Jan 2020Price implied 17%/yr; EPS has since grown 36%/yr (7.0 yrs)
  • Jan 2021Price implied 19%/yr; EPS has since grown 23%/yr (6.0 yrs)
  • Jan 2022Price implied 23%/yr; EPS has since grown 18%/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
₹550.80
P/E
40.4x
ROCE
18.0%
Market Cap
₹3482 cr
Revenue (TTM)
₹758 cr
P/S
4.6x
P/B
6.7x
ROE
16.6%
Operating Margin
5.4%
Debt / Equity
0.2x
Promoter Holding
43.2%
12M Momentum
17.5%

52-week range

₹327.10₹619.40
77% of the way from its 52-week low to its high

Price risk

1Y volatility
42.2%
Beta vs sector
1-year daily
0.99

Balance sheet & cash

Interest cover
operating profit ÷ interest
9.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.73x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range3 near a threshold
Other income reliance21%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 20.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate19%Within range

Median quarterly effective tax rate over about 2.5 years: 19.3%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.73xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.73x (cash from operations ₹169 cr, net profit ₹230 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+37 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 37 days (149 vs 112). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress11% of fixed assetsWithin range

Capital work-in-progress is 11% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-3 days / 2 yrsWithin range

Days payable changed by -3 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, promoters trimmed 7.7 pts; DIIs trimmed 3.7 pts.
  • The number of shareholders rose from 6,227 to 47,080 (+656%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters51.0%43.2%-7.7 pts
FIIs1.2%1.5%+0.3 pts
DIIs4.0%0.3%-3.7 pts
Public and others43.8%54.9%+11.1 pts

Number of shareholders

47,080shareholders+656% since Sep '23
6k22k38k54k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 6,227
Dec '23: 6,559
Mar '24: 9,692
Jun '24: 13,804
Sep '24: 20,230
Dec '24: 29,613
Mar '25: 52,640
Jun '25: 53,685
Sep '25: 51,487
Dec '25: 48,039
Mar '26: 45,073
Jun '26: 47,080
 6k22k38k54k Sep '23Sep '24Sep '25Jun '26
Sep '23: 6,227
Dec '23: 6,559
Mar '24: 9,692
Jun '24: 13,804
Sep '24: 20,230
Dec '24: 29,613
Mar '25: 52,640
Jun '25: 53,685
Sep '25: 51,487
Dec '25: 48,039
Mar '26: 45,073
Jun '26: 47,080

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 JASH ENGINEERING 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 −22% to +30% vs the market, against +1% for all non-financial companies in the same months.
  • The gap against the base rate (−4.0%, 80% range −11.2% to +4.5%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SOLARA · May 2021: −78.1% vs market
FMGOETZE · Jan 2020: −60.0% vs market
BLISSGVS · Oct 2020: −59.3% vs market
ZENSARTECH · Aug 2021: −52.1% vs market
ASTEC · Jul 2022: −41.6% vs market
VRLLOG · Jan 2020: −41.4% vs market
XPROINDIA · Dec 2024: −39.5% vs market
BAJAJELEC · Sep 2023: −39.2% vs market
5PAISA · Nov 2023: −26.6% vs market
CYIENT · Sep 2021: −25.6% vs market
PRIVISCL · Sep 2021: −22.7% vs market
PIXTRANS · Jul 2023: −22.2% vs market
SUBROS · Jan 2021: −22.2% vs market
RADICO · Dec 2021: −21.0% vs market
GREENPLY · Oct 2021: −20.7% vs market
ADFFOODS · Aug 2023: −16.4% vs market
METROPOLIS · May 2024: −16.2% vs market
CENTURYPLY · Feb 2022: −14.0% vs market
GREENLAM · Mar 2022: −13.1% vs market
THEMISMED · Jan 2024: −12.9% vs market
THEJO · Oct 2023: −9.5% vs market
ORIENTHOT · Aug 2024: −8.5% vs market
HSCL · Aug 2024: −7.6% vs market
BEML · Oct 2025: −4.5% vs market
KRSNAA · Oct 2023: −3.5% vs market
GODFRYPHLP · Nov 2022: −1.9% vs market
SUNDRMFAST · Feb 2021: −1.0% vs market
SUPRAJIT · Feb 2020: +5.9% vs market
RHIM · Apr 2022: +7.0% vs market
CCL · Oct 2022: +7.3% vs market
MIDHANI · Jun 2023: +7.5% vs market
ACE · May 2021: +8.4% vs market
POLYMED · Apr 2023: +13.6% vs market
ASTRAMICRO · Oct 2023: +22.0% vs market
RUPA · Jan 2021: +26.8% vs market
GEOJITFSL · Oct 2020: +28.4% vs market
DOLLAR · Dec 2020: +29.7% vs market
JAMNAAUTO · Jul 2021: +30.4% vs market
KOTHARIPET · Aug 2023: +31.9% vs market
TEGA · Jan 2023: +35.5% vs market
APCOTEXIND · Sep 2021: +38.2% vs market
BECTORFOOD · Feb 2023: +42.0% vs market
SMSPHARMA · Jul 2020: +48.5% vs market
GARFIBRES · Jun 2020: +51.3% vs market
KEI · Apr 2022: +59.1% vs market
HINDCOPPER · Jan 2023: +68.6% vs market
KPRMILL · May 2021: +83.0% vs market
KPITTECH · Sep 2021: +92.4% vs market
HBLENGINE · Jun 2023: +120.2% vs market
FLUOROCHEM · Apr 2021: +183.8% vs market
Similar setups −2.7%All companies +1.3%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge

Similar setups' median
−2.7%
All companies' median
+1.3%
Beat the market
46% vs 51%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RUPA
Consumer Non-Durables		 Jan 2021 37x14% +43%−6% +27%
THEJO
Distribution Services		 Oct 2023 60x21% +77%−4% −10%
ASTRAMICRO
Electronic Technology		 Oct 2023 58x17% +53%−5% +22%
JAMNAAUTO
Producer Manufacturing		 Jul 2021 49x16% +215%0% +30%
MIDHANI
Non-Energy Minerals		 Jun 2023 35x15% +78%−2% +8%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ADFFOODS
Consumer Non-Durables		 Aug 2023 43x17% +51%−3% −16%
GREENLAM
Non-Energy Minerals		 Mar 2022 60x15% +94%−7% −13%
FMGOETZE
Producer Manufacturing		 Jan 2020 33x19% +20%−8% −60%
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, interest cover 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 JASH ENGINEERING 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.

VARDHMAN SPECIAL STEELSVSSL
Non-Energy Minerals
64%similar
market capROCE
MRS BECTORS FOOD SPECIALITIESBECTORFOOD
Consumer Non-Durables
62%similar
volatilityEPS growth
ORIENT ELECTRICORIENTELEC
Consumer Durables
60%similar
volatilityP/E
SAFARI INDUSTRIES INDIASAFARI
Consumer Durables
60%similar
promoter holdingROCE
PONDY OXIDES N CHEMICALS LIMITPOCL
Non-Energy Minerals
58%similar
debt/equityoperating margin
THE ANUP ENGINEERINGANUP
Producer Manufacturing
87%similar
revenuerevenue growth
BHARAT BIJLEEBBL
Producer Manufacturing
55%similar
operating marginmarket cap
GREENPLY INDUSTRIESGREENPLY
Producer Manufacturing
53%similar
market capvolatility

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

What changed?

30 events since Jan '24

  1. NovPriceVolume reached 8.3x its 50-day median on 2026-11-05; price +7.2% that day.
  2. SepResultsYear-on-year EPS growth turned positive.
  3. SepPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the top quartile).
  4. SepPriceVolume reached 147.7x its 50-day median on 2026-09-21; price +10.5% that day.
  5. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top quartile).
  6. JunPriceVolume reached 9.5x its 50-day median on 2026-06-30; price -1.8% that day.
  7. AprValuationP/E crossed above the 90th percentile of its own history to date (47.3x).
  8. MarPriceFell 50% from the Apr 2025 peak to the Mar 2026 low.
Show 22 earlier events
  1. MarPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  2. FebPriceVolume reached 5.7x its 50-day median on 2026-02-19; price -0.2% that day.
  3. DecResultsYear-on-year EPS growth turned negative.
  4. DecPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  5. SepPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the top quartile).
  6. AugPriceVolume reached 5.0x its 50-day median on 2025-08-07; price -4.3% that day.
  7. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  8. JunSharesShare count is up 8.3% over 12 months.
  9. MayPriceVolume reached 7.6x its 50-day median on 2025-05-06; price -9.0% that day.
  10. MarPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  11. JanPriceVolume reached 9.4x its 50-day median on 2025-01-21; price -2.2% that day.
  12. DecInstitutionsFII + DII holding fell 3.0 pts over 1 quarter to 2.2%.
  13. DecPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  14. NovPriceVolume reached 10.4x its 50-day median on 2024-11-19; price +11.3% that day.
  15. SepPromoterPromoter holding fell 5.8 pts to 43.6%.
  16. SepPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the top quartile).
  17. SepPriceVolume reached 6.8x its 50-day median on 2024-09-11; price -0.7% that day.
  18. JulValuationP/E crossed above the 90th percentile of its own history to date (46.4x).
  19. JunResultsRevenue (TTM) reached a new high of ₹516 cr.
  20. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  21. MayPriceVolume reached 21.6x its 50-day median on 2024-05-28; price -8.7% that day.
  22. JanPriceVolume reached 28.8x its 50-day median on 2024-01-17; price +0.1% 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
2026-1140.4x₹758 cr16.6%18.0%0.2x
2026-1035.4x₹758 cr16.5%18.0%0.2x
2026-0943.4x₹758 cr16.5%18.0%0.2x
2026-0838.6x₹736 cr14.5%18.0%0.2x
2026-0741.8x₹736 cr14.5%18.0%0.2x
2026-0642.1x₹736 cr14.5%18.0%0.2x
2026-0545.5x₹746 cr12.6%25.0%0.2x
2026-0447.3x₹746 cr12.6%25.0%0.2x
2026-0339.0x₹746 cr12.6%25.0%0.2x
2026-0232.5x₹766 cr17.6%25.0%0.2x
2026-0131.4x₹766 cr17.6%25.0%0.2x
2025-1235.7x₹766 cr17.6%25.0%0.2x
2025-1135.7x₹748 cr18.8%25.0%0.2x
2025-1037.0x₹748 cr18.8%25.0%0.2x
2025-0935.8x₹748 cr18.8%25.0%0.2x
2025-0837.1x₹735 cr20.0%25.0%0.2x
2025-0741.6x₹735 cr20.0%25.0%0.2x
2025-0641.5x₹735 cr20.0%25.0%0.2x
2025-0538.0x₹652 cr25.6%25.0%0.2x
2025-0438.8x₹652 cr25.6%25.0%0.2x
2025-0340.0x₹652 cr25.6%25.0%0.2x
2025-0242.4x₹610 cr22.2%25.0%0.2x
2025-0145.6x₹610 cr22.2%25.0%0.2x
2024-1244.5x₹610 cr22.2%25.0%0.2x
2024-1152.2x₹566 cr20.0%25.0%0.2x
2024-1044.1x₹566 cr20.0%25.0%0.2x
2024-0937.9x₹566 cr20.0%25.0%0.2x
2024-0838.2x₹516 cr19.0%25.0%0.2x
2024-0746.4x₹516 cr19.0%25.0%0.2x
2024-0639.5x₹516 cr19.0%25.0%0.2x
2024-0551.0x₹402 cr21.8%23.0%0.3x
2024-0446.5x₹402 cr21.8%23.0%0.3x
2024-0339.5x₹402 cr21.8%23.0%0.3x
2024-0239.6x₹402 cr21.8%23.0%0.3x
2024-0142.0x₹402 cr21.8%23.0%0.3x
2023-1236.4x₹402 cr21.8%23.0%0.3x
2023-1130.4x₹402 cr21.8%23.0%0.3x
2023-1031.8x₹402 cr21.8%23.0%0.3x
2023-0931.3x₹402 cr21.8%23.0%0.3x
2023-0834.3x₹402 cr21.8%23.0%0.3x
2023-0729.1x₹402 cr21.8%23.0%0.3x
2023-0626.5x₹402 cr21.8%23.0%0.3x
2023-0539.4x₹368 cr17.1%17.0%0.4x
2023-0434.5x₹368 cr17.1%17.0%0.4x
2023-0331.2x₹368 cr17.1%17.0%0.4x
2023-0231.9x₹368 cr17.1%17.0%0.4x
2023-0131.8x₹368 cr17.1%17.0%0.4x
2022-1230.8x₹368 cr17.1%17.0%0.4x
2022-1130.8x₹368 cr17.1%17.0%0.4x
2022-1029.2x₹368 cr17.1%17.0%0.4x
2022-0930.0x₹368 cr17.1%17.0%0.4x
2022-0827.9x₹368 cr17.1%17.0%0.4x
2022-0726.0x₹368 cr17.1%17.0%0.4x
2022-0624.0x₹368 cr17.1%17.0%0.4x
2022-0525.8x₹299 cr19.9%21.0%0.5x
2022-0425.4x₹299 cr19.9%21.0%0.5x
2022-0319.9x₹299 cr19.9%21.0%0.5x
2022-0219.3x₹299 cr19.9%21.0%0.5x
2022-0117.9x₹299 cr19.9%21.0%0.5x
2021-1216.8x₹299 cr19.9%21.0%0.5x

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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