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JBM AUTO LIMITED (JBMA)

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.40 / 100
Profitability 48Growth 68Balance sheet 3
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.37 / 100
Price 12Earnings 57FII/DII 43
Compare withSAMVARDHANA MOTHERSON INTBOSCHCUMMINS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹501.9 latest close · −28.7% over the last 90 sessions

₹500₹600₹700Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹500₹600₹700Jul 3Sep 4Nov 9

₹501.9 month-end · −18.3% over 12 months

₹500₹600₹700Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹600₹700Nov '25May '26Nov '26

₹501.9 month-end · −19.2% over 3 years

₹600₹800₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹600₹800₹1,000Nov '23May '25Nov '26

₹501.9 month-end · +813.4% since Jan '19

₹0₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹465.00 to ₹738.50 · 1-year volatility 41.1%

Was the rally earned?

-18%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 8 points, but investors now pay less per rupee of profit (P/E 70.7x to 52.9x), which took 26 points back.
  • The share count barely moved.
Net profit growth: +9 pts. Points of the price return explained by net profit growing (or shrinking).+9 ptsNet profit growthP/E change: −26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−26 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: −18%−18%Share priceNet profit growth: +9 pts. Points of the price return explained by net profit growing (or shrinking).+9ProfitP/E change: −26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−26P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −18%−18%Share price
Net profit growth+9 ptsNet profit rose about 10%, which lifts the price.
P/E change-26 ptsThe P/E fell from 70.7x to 52.9x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
-19%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 53 points, but investors now pay less per rupee of profit (P/E 118.1x to 52.9x), which took 72 points back.
  • The share count rose 8%.
Net profit growth: +60 pts. Points of the price return explained by net profit growing (or shrinking).+60 ptsNet profit growthP/E change: −72 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−72 ptsP/E changeShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7 ptsShare count changeShare price: −19%−19%Share priceNet profit growth: +60 pts. Points of the price return explained by net profit growing (or shrinking).+60ProfitP/E change: −72 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−72P/EShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7SharesShare price: −19%−19%Share price
Net profit growth+60 ptsNet profit rose about 94%, which lifts the price.
P/E change-72 ptsThe P/E fell from 118.1x to 52.9x, which lowers the price.
Share count change-7 ptsShare count rose 8%, which lowers the price.
+168%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 259 points, but investors now pay less per rupee of profit (P/E 90.0x to 52.9x), which took 90 points back.
  • The share count rose 9%.
Net profit growth: +273 pts. Points of the price return explained by net profit growing (or shrinking).+273 ptsNet profit growthP/E change: −90 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−90 ptsP/E changeShare count change: −14 pts. Points of the price return explained by the share count changing. More shares count against the price.−14 ptsShare count changeShare price: +168%+168%Share priceNet profit growth: +273 pts. Points of the price return explained by net profit growing (or shrinking).+273ProfitP/E change: −90 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−90P/EShare count change: −14 pts. Points of the price return explained by the share count changing. More shares count against the price.−14SharesShare price: +168%+168%Share price
Net profit growth+273 ptsNet profit rose about 395%, which lifts the price.
P/E change-90 ptsThe P/E fell from 90.0x to 52.9x, which lowers the price.
Share count change-14 ptsShare count rose 9%, 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 SAMVARDHANA MOTHERSON INT

How rough has the ride been?

Maximum drawdown-67.3%recovered 2021-01
1-year volatility41.1%annualised
Beta vs sector index1.203-year daily, correlation 0.53
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−61.1% 0%−20%−40%−60%2020202220242026−61.1%
Largest drawdowns

-67.3% (2019-01 peak to 2020-03 low, recovered 2021-01)

-60.7% (2024-02 peak to 2026-10 low, not yet recovered)

-44.2% (2022-01 peak to 2022-09 low, recovered 2023-04)

Most recent volume spikes

2026-08-21: 39.8x the 50-day median, price +8.1% 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?

52.9xP/E todayWithin its usual range
Against its own history47th percentile
CheapestMedian 58.7xDearest

Usual range 10.2x to 134.5x since 2019-01.

Against Producer Manufacturing52.9x vs 29.6x
This company
52.9x
Sector median
29.6x

79% above the Producer Manufacturing median.

5.8x72.5x139.2x206.0xJan '19Aug '20Mar '22Oct '23May '25Nov '265.8x72.5x139.2x206.0xJan '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

  • ROCE50th▲ 8 pts vs a year ago
  • Op. margin45th▲ 4 pts vs a year ago
  • Revenue growth44thflat vs a year ago
  • EPS growth48th▼ 14 pts vs a year ago
  • Debt/equity ↓2ndflat vs a year ago
  • Cash cycle ↓85th▼ 8 pts vs a year ago
  • P/E ↓21st▲ 7 pts vs a year ago
  • 12M momentum32nd▼ 8 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?

~30%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 69.3x, a holder earning 12%/yr needs earnings to grow about 30.0%/yr for 10 years, then trade at 15x.

Delivered11.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+18.5 ptsimplied minus delivered
Rank169thmost demanding of 856

Over time

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

-4%22%49% Jan 2019Nov 2026 -4%22%49% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x31.7%32.9%34.1%
15x28.9%30.0%31.2%
20x25.3%26.4%27.6%

Drag a slider to test other assumptions

Implied: 30.0%/yr

Looking back

  • Jan 2020Price implied 9%/yr; EPS has since grown 11%/yr (7.0 yrs)
  • Jan 2021Price implied 16%/yr; EPS has since grown 23%/yr (6.0 yrs)
  • Jan 2022Price implied 35%/yr; EPS has since grown 37%/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
₹501.90
P/E
52.9x
ROCE
15.0%
Market Cap
₹11861 cr
Revenue (TTM)
₹6276 cr
P/S
1.9x
P/B
7.7x
ROE
14.6%
Operating Margin
11.0%
Debt / Equity
2.0x
Promoter Holding
67.5%
12M Momentum
-18.3%

52-week range

₹465.00₹738.50
13% of the way from its 52-week low to its high

Price risk

1Y volatility
41.1%
Beta vs sector
1-year daily
1.18

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.83x
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 7checks within range3 beyond a threshold
Other income reliance38%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 37.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate23%Within range

Median quarterly effective tax rate over about 2.5 years: 23.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.83xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.83x (cash from operations ₹539 cr, net profit ₹647 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+82 daysBeyond threshold

Debtor days are above the median of the previous three fiscal years by 82 days (131 vs 49). 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+37 days / 2 yrsNear threshold

Days payable changed by +37 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 trimmed 0.8 pts.
  • The number of shareholders rose from 89,478 to 1.8 lakh (+104%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters67.5%67.5%0.0 pts
FIIs2.8%2.0%-0.8 pts
DIIs0.0%0.2%+0.1 pts
Public and others29.6%30.3%+0.6 pts

Number of shareholders

1.8 lakhshareholders+104% since Dec '23
89k1.2L1.5L1.9L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 89,478
Mar '24: 1.1 lakh
Jun '24: 1.3 lakh
Sep '24: 1.3 lakh
Dec '24: 1.3 lakh
Mar '25: 1.7 lakh
Jun '25: 1.8 lakh
Sep '25: 1.9 lakh
Dec '25: 1.8 lakh
Mar '26: 1.8 lakh
Jun '26: 1.8 lakh
 89k1.2L1.5L1.9L Dec '23Dec '24Dec '25Jun '26
Dec '23: 89,478
Mar '24: 1.1 lakh
Jun '24: 1.3 lakh
Sep '24: 1.3 lakh
Dec '24: 1.3 lakh
Mar '25: 1.7 lakh
Jun '25: 1.8 lakh
Sep '25: 1.9 lakh
Dec '25: 1.8 lakh
Mar '26: 1.8 lakh
Jun '26: 1.8 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+4.6%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like JBM AUTO 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 −11% to +42% vs the market, against −5% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +9.3%, 80% range +5.3% to +19.3%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DBL · Oct 2021: −65.5% vs market
HINDWAREAP · Oct 2023: −55.0% vs market
CAMLINFINE · Jul 2023: −47.5% vs market
GMMPFAUDLR · Jun 2023: −39.2% vs market
HNDFDS · Aug 2023: −28.2% vs market
SHOPERSTOP · Aug 2024: −27.7% vs market
MHRIL · Nov 2023: −27.3% vs market
KEC · Apr 2025: −24.7% vs market
SOBHA · Aug 2022: −20.2% vs market
EVEREADY · Oct 2023: −18.9% vs market
JINDWORLD · Jun 2020: −18.8% vs market
YASHO · Nov 2024: −12.7% vs market
PCBL · Sep 2025: −11.9% vs market
HATSUN · Jul 2025: −8.2% vs market
VMART · Oct 2025: −5.8% vs market
SUZLON · Mar 2022: −1.0% vs market
STEELXIND · Jul 2025: −0.8% vs market
IRB · Oct 2021: −0.6% vs market
MOTILALOFS · Oct 2020: +1.8% vs market
GREENLAM · Sep 2024: +2.4% vs market
GODREJIND · Jan 2025: +3.1% vs market
KALYANKJIL · Oct 2025: +3.3% vs market
TATAPOWER · Nov 2022: +4.2% vs market
JKCEMENT · Sep 2022: +4.4% vs market
SUPRAJIT · Jul 2025: +4.4% vs market
ARVINDFASN · Apr 2025: +4.8% vs market
EMIL · Oct 2025: +6.2% vs market
BHARATFORG · Dec 2024: +7.2% vs market
ASAHIINDIA · Mar 2022: +10.5% vs market
VARROC · Apr 2025: +15.8% vs market
EIHAHOTELS · Dec 2021: +18.6% vs market
BRIGADE · Aug 2020: +20.3% vs market
ORIENTCEM · Mar 2020: +21.7% vs market
WELSPUNLIV · Feb 2020: +23.1% vs market
JKLAKSHMI · Apr 2020: +26.4% vs market
PRSMJOHNSN · Feb 2020: +26.7% vs market
ASTERDM · Feb 2022: +31.8% vs market
BLUEDART · Jul 2021: +46.0% vs market
DYNAMATECH · Mar 2025: +49.0% vs market
CHALET · May 2021: +55.7% vs market
PRIVISCL · Aug 2024: +63.2% vs market
TORNTPOWER · Jan 2023: +66.2% vs market
TVSMOTOR · Dec 2021: +67.0% vs market
BFUTILITIE · May 2023: +76.2% vs market
NETWORK18 · Apr 2021: +76.4% vs market
RKFORGE · Mar 2022: +91.4% vs market
INDHOTEL · Apr 2021: +91.8% vs market
SCHNEIDER · Jun 2022: +119.0% vs market
RAMKY · Jul 2022: +141.7% vs market
KIRLOSENG · Sep 2025: +149.4% vs market
Similar setups +4.6%All companies −4.7%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
+4.6%
All companies' median
−4.7%
Beat the market
64% vs 45%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
HATSUN
Consumer Non-Durables		 Jul 2025 73x13% −26%−32% −8%
PRSMJOHNSN
Non-Energy Minerals		 Feb 2020 26x13% −23%−40% +27%
ARVINDFASN
Retail Trade		 Apr 2025 64x14% −17%−38% +5%
MHRIL
Consumer Services		 Nov 2023 69x10% +36%−16% −27%
SCHNEIDER
Distribution Services		 Jun 2022 85x14% −23%−34% +119%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
HINDWAREAP
Producer Manufacturing		 Oct 2023 70x15% +36%−23% −55%
TVSMOTOR
Consumer Durables		 Dec 2021 50x11% +29%−17% +67%
BRIGADE
Finance		 Aug 2020 27x8% −13%−28% +20%
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: drawdown from 12-month high, 12-month momentum and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to JBM AUTO 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.

PEARL GLOBAL INDUSTRIESPGIL
Consumer Non-Durables
67%similar
operating marginmarket cap
HINDUSTAN FOODSHNDFDS
Consumer Non-Durables
63%similar
revenue growthROCE
NARAYANA HRUDAYALAYANH
Health Services
59%similar
debt/equityROCE
ELECTRONICS MART INDIAEMIL
Retail Trade
58%similar
revenueoperating margin
GOODLUCK INDIAGOODLUCK
Non-Energy Minerals
58%similar
EPS growthoperating margin
MINDA CORPORATIONMINDACORP
Producer Manufacturing
64%similar
operating marginrevenue
RANE (MADRAS)RML
Producer Manufacturing
64%similar
revenue growthROCE
RAM RATNA WIRESRAMRAT
Producer Manufacturing
60%similar
revenuepromoter holding

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

What changed?

30 events since Oct '22

  1. OctPriceFell 61% from the Feb 2024 peak to the Oct 2026 low.
  2. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  3. AugPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  4. AugPriceVolume reached 39.8x its 50-day median on 2026-08-21; price +8.1% that day.
  5. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  6. AprPriceVolume reached 35.1x its 50-day median on 2026-04-01; price +8.9% that day.
  7. MarPriceVolume reached 127.2x its 50-day median on 2026-03-18; price +18.8% that day.
  8. DecPriceVolume reached 186.3x its 50-day median on 2025-12-24; price +10.7% that day.
Show 22 earlier events
  1. SepPriceVolume reached 160.6x its 50-day median on 2025-09-12; price +13.9% that day.
  2. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  3. AprPriceVolume reached 45.8x its 50-day median on 2025-04-16; price +11.2% that day.
  4. MarPriceVolume reached 30.3x its 50-day median on 2025-03-24; price +16.6% that day.
  5. DecPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  6. DecPriceVolume reached 19.7x its 50-day median on 2024-12-13; price +3.3% that day.
  7. SepPriceVolume reached 9.9x its 50-day median on 2024-09-12; price +3.5% that day.
  8. JunResultsYear-on-year EPS growth turned positive.
  9. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  10. MayPriceVolume reached 15.6x its 50-day median on 2024-05-27; price +7.7% that day.
  11. JanPriceRegained the 2023-08 peak, 3 months after the low.
  12. JanPriceVolume reached 22.6x its 50-day median on 2024-01-08; price +10.9% that day.
  13. DecPriceVolume reached 10.1x its 50-day median on 2023-12-20; price -1.4% that day.
  14. OctPriceFell 26% from the Aug 2023 peak to the Oct 2023 low.
  15. JulPriceVolume reached 8.0x its 50-day median on 2023-07-14; price +11.4% that day.
  16. JunResultsYear-on-year EPS growth turned negative.
  17. JunValuationP/E crossed above the 90th percentile of its own history to date (127.1x).
  18. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  19. JunPriceVolume reached 17.7x its 50-day median on 2023-06-30; price +9.8% that day.
  20. AprPriceRegained the 2022-01 peak, 7 months after the low.
  21. JanPriceVolume reached 23.1x its 50-day median on 2023-01-05; price +4.8% that day.
  22. OctPriceVolume reached 57.9x its 50-day median on 2022-10-12; price +11.8% 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
2026-1152.9x₹6276 cr14.6%15.0%2.0x
2026-1049.3x₹6276 cr14.6%15.0%2.0x
2026-0958.7x₹6276 cr14.6%15.0%2.0x
2026-0867.4x₹6088 cr14.3%15.0%2.0x
2026-0771.1x₹6088 cr14.3%15.0%2.0x
2026-0675.4x₹6088 cr14.3%15.0%2.0x
2026-0569.6x₹5882 cr15.4%14.0%1.9x
2026-0470.6x₹5882 cr15.4%14.0%1.9x
2026-0357.7x₹5882 cr15.4%14.0%1.9x
2026-0262.4x₹5664 cr15.2%14.0%1.9x
2026-0163.9x₹5664 cr15.2%14.0%1.9x
2025-1271.0x₹5664 cr15.2%14.0%1.9x
2025-1170.7x₹5582 cr15.0%14.0%1.9x
2025-1076.5x₹5582 cr15.0%14.0%1.9x
2025-0977.1x₹5582 cr15.0%14.0%1.9x
2025-0869.7x₹5472 cr14.7%14.0%1.9x
2025-0774.8x₹5472 cr14.7%14.0%1.9x
2025-0675.3x₹5472 cr14.7%14.0%1.9x
2025-0588.6x₹5312 cr16.2%14.0%1.8x
2025-0480.4x₹5312 cr16.2%14.0%1.8x
2025-0373.2x₹5312 cr16.2%14.0%1.8x
2025-0265.2x₹5262 cr15.9%14.0%1.8x
2025-01101.2x₹5262 cr15.9%14.0%1.8x
2024-1296.4x₹5262 cr15.9%14.0%1.8x
2024-11101.8x₹5207 cr15.6%14.0%1.8x
2024-10105.0x₹5207 cr15.6%14.0%1.8x
2024-09116.8x₹5207 cr15.6%14.0%1.8x
2024-08126.7x₹5009 cr15.3%14.0%1.8x
2024-07135.4x₹5009 cr15.3%14.0%1.8x
2024-06135.7x₹5009 cr15.3%14.0%1.8x
2024-05198.8x₹3857 cr11.2%12.0%1.7x
2024-04181.0x₹3857 cr11.2%12.0%1.7x
2024-03171.5x₹3857 cr11.2%12.0%1.7x
2024-02206.0x₹3857 cr11.2%12.0%1.7x
2024-01182.2x₹3857 cr11.2%12.0%1.7x
2023-12139.2x₹3857 cr11.2%12.0%1.7x
2023-11118.1x₹3857 cr11.2%12.0%1.7x
2023-10114.1x₹3857 cr11.2%12.0%1.7x
2023-09130.4x₹3857 cr11.2%12.0%1.7x
2023-08144.1x₹3857 cr11.2%12.0%1.7x
2023-07133.2x₹3857 cr11.2%12.0%1.7x
2023-06127.1x₹3857 cr11.2%12.0%1.7x
2023-0561.2x₹3193 cr16.1%14.0%1.5x
2023-0460.8x₹3193 cr16.1%14.0%1.5x
2023-0348.8x₹3193 cr16.1%14.0%1.5x
2023-0243.5x₹3193 cr16.1%14.0%1.5x
2023-0140.5x₹3193 cr16.1%14.0%1.5x
2022-1239.1x₹3193 cr16.1%14.0%1.5x
2022-1132.4x₹3193 cr16.1%14.0%1.5x
2022-1030.8x₹3193 cr16.1%14.0%1.5x
2022-0928.9x₹3193 cr16.1%14.0%1.5x
2022-0830.6x₹3193 cr16.1%14.0%1.5x
2022-0732.6x₹3193 cr16.1%14.0%1.5x
2022-0632.2x₹3193 cr16.1%14.0%1.5x
2022-05103.3x₹1982 cr6.1%9.0%1.1x
2022-04121.9x₹1982 cr6.1%9.0%1.1x
2022-03105.1x₹1982 cr6.1%9.0%1.1x
2022-02103.8x₹1982 cr6.1%9.0%1.1x
2022-01146.3x₹1982 cr6.1%9.0%1.1x
2021-12108.2x₹1982 cr6.1%9.0%1.1x

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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