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KIRLOSKAR OIL ENGINES LIMITED (KIRLOSENG)

Producer Manufacturing · Electrical Products · 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.43 / 100
Profitability 60Growth 64Balance sheet 6
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.46 / 100
Price 8Earnings 45FII/DII 86
Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,622.7 latest close · −27.3% over the last 90 sessions

₹1,500₹2,000₹2,500Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,500₹2,000₹2,500Jul 3Sep 4Nov 9

₹1,622.7 month-end · +44.3% over 12 months

₹1,500₹2,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,500₹2,000Nov '25May '26Nov '26

₹1,622.7 month-end · +171.5% over 3 years

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

₹1,622.7 month-end · +839.9% since Jan '19

₹0₹1,000₹2,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹1,000₹2,000Jan '19Dec '22Nov '26

52-week range ₹933.20 to ₹2720.00 · 1-year volatility 49.8%

Was the rally earned?

+44%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings added 18 points and the multiple added 27 points (P/E 34.6x to 43.2x).
  • The share count rose 3%.
Net profit growth: +21 pts. Points of the price return explained by net profit growing (or shrinking).+21 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: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4 ptsShare count changeShare price: +44%+44%Share priceNet profit growth: +21 pts. Points of the price return explained by net profit growing (or shrinking).+21ProfitP/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: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4SharesShare price: +44%+44%Share price
Net profit growth+21 ptsNet profit rose about 19%, which lifts the price.
P/E change+27 ptsThe P/E rose from 34.6x to 43.2x, which lifts the price.
Share count change-4 ptsShare count rose 3%, which lowers the price.
+172%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 85 points and the multiple added 87 points (P/E 26.0x to 43.2x).
  • The share count barely moved.
Net profit growth: +86 pts. Points of the price return explained by net profit growing (or shrinking).+86 ptsNet profit growthP/E change: +87 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+87 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: +172%+172%Share priceNet profit growth: +86 pts. Points of the price return explained by net profit growing (or shrinking).+86ProfitP/E change: +87 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+87P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +172%+172%Share price
Net profit growth+86 ptsNet profit rose about 65%, which lifts the price.
P/E change+87 ptsThe P/E rose from 26.0x to 43.2x, which lifts the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+786%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 369 points and the multiple added 417 points (P/E 13.6x to 43.2x).
  • The share count barely moved.
Net profit growth: +368 pts. Points of the price return explained by net profit growing (or shrinking).+368 ptsNet profit growthP/E change: +417 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+417 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: +786%+786%Share priceNet profit growth: +368 pts. Points of the price return explained by net profit growing (or shrinking).+368ProfitP/E change: +417 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+417P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +786%+786%Share price
Net profit growth+368 ptsNet profit rose about 178%, which lifts the price.
P/E change+417 ptsThe P/E rose from 13.6x to 43.2x, which lifts the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

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

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

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

Compare this with BHARAT HEAVY ELECTRICALS

How rough has the ride been?

Maximum drawdown-60.8%recovered 2021-05
1-year volatility49.8%annualised
Beta vs sector index1.083-year daily, correlation 0.49
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−59.4% 0%−20%−40%−60%2020202220242026−59.4%
Largest drawdowns

-60.8% (2019-01 peak to 2020-03 low, recovered 2021-05)

-59.4% (2024-07 peak to 2025-02 low, recovered 2026-02)

-54.0% (2021-07 peak to 2022-03 low, recovered 2022-10)

Most recent volume spikes

2026-11-05: 6.3x the 50-day median, price -11.6% that day

2026-09-29: 14x the 50-day median, price +12.2% that day

2026-07-06: 5.7x 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?

43.2xP/E todayNear its historic high
Against its own history88th percentile
CheapestMedian 20.3xDearest

Usual range 9.6x to 44.2x since 2019-01.

Against Producer Manufacturing43.2x vs 29.6x
This company
43.2x
Sector median
29.6x

46% above the Producer Manufacturing median.

5.7x24.3x42.8x61.3xJan '19Aug '20Mar '22Oct '23May '25Nov '265.7x24.3x42.8x61.3xJan '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. margin70th▼ 15 pts vs a year ago
  • Revenue growth70th▲ 23 pts vs a year ago
  • EPS growth57th▲ 17 pts vs a year ago
  • Debt/equity ↓4thflat vs a year ago
  • Cash cycle ↓85thflat vs a year ago
  • P/E ↓30th▼ 18 pts vs a year ago
  • 12M momentum85th▲ 17 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 priceAbove delivered growth

At normalised P/E (five-year average earnings) of 58.2x, a holder earning 12%/yr needs earnings to grow about 27.3%/yr for 10 years, then trade at 15x.

Delivered15.8%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+11.5 ptsimplied minus delivered
Rank290thmost demanding of 856

Over time

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

0%16%32% Jan 2019Nov 2026 0%16%32% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x28.8%30.0%31.2%
15x26.1%27.3%28.4%
20x22.7%23.8%24.9%

Drag a slider to test other assumptions

Implied: 27.3%/yr

Looking back

  • Jan 2020Price implied 6%/yr; EPS has since grown 14%/yr (7.0 yrs)
  • Jan 2021Price implied 4%/yr; EPS has since grown 20%/yr (6.0 yrs)
  • Jan 2022Price implied 8%/yr; EPS has since grown 23%/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
₹1622.70
P/E
43.2x
ROCE
15.0%
Market Cap
₹23622 cr
Revenue (TTM)
₹7937 cr
P/S
3.0x
P/B
6.5x
ROE
15.1%
Operating Margin
15.0%
Debt / Equity
1.5x
Promoter Holding
41.1%
12M Momentum
44.3%

52-week range

₹933.20₹2720.00
39% of the way from its 52-week low to its high

Price risk

1Y volatility
49.8%
Beta vs sector
1-year daily
1.03

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
-0.19x
low
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 beyond a threshold
Other income reliance2%Within range

Other income as a share of pre-tax profit (trailing twelve months): 2.3%. 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 conversion-0.19xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.19x (cash from operations ₹-276 cr, net profit ₹1,478 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+7 daysWithin range

Debtor days are above the median of the previous three fiscal years by 7 days (45 vs 38). 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-5 days / 2 yrsWithin range

Days payable changed by -5 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, FIIs added 3.5 pts; DIIs added 1.7 pts.
  • The number of shareholders rose from 72,798 to 1.3 lakh (+79%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters41.2%41.1%-0.2 pts
FIIs7.8%11.3%+3.5 pts
DIIs24.3%26.0%+1.7 pts
Public and others26.7%21.6%-5.1 pts

Number of shareholders

1.3 lakhshareholders+79% since Sep '23
69k89k1.1L1.3L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 72,798
Dec '23: 68,891
Mar '24: 77,565
Jun '24: 1.1 lakh
Sep '24: 1.2 lakh
Dec '24: 1.1 lakh
Mar '25: 1.1 lakh
Jun '25: 1.1 lakh
Sep '25: 1.0 lakh
Dec '25: 1.0 lakh
Mar '26: 1.1 lakh
Jun '26: 1.3 lakh
 69k89k1.1L1.3L Sep '23Sep '24Sep '25Jun '26
Sep '23: 72,798
Dec '23: 68,891
Mar '24: 77,565
Jun '24: 1.1 lakh
Sep '24: 1.2 lakh
Dec '24: 1.1 lakh
Mar '25: 1.1 lakh
Jun '25: 1.1 lakh
Sep '25: 1.0 lakh
Dec '25: 1.0 lakh
Mar '26: 1.1 lakh
Jun '26: 1.3 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

−11.2%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like KIRLOSKAR OIL ENGINES LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −23% to +20% vs the market, against −3% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −8.2%, 80% range −15.7% to −2.6%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DBL · Mar 2021: −66.4% vs market
SALASAR · Feb 2024: −63.5% vs market
JITFINFRA · Sep 2024: −58.2% vs market
HINDWAREAP · Aug 2023: −57.1% vs market
HIKAL · Nov 2021: −38.6% vs market
CAMLINFINE · May 2021: −38.3% vs market
EMIL · Jan 2024: −37.8% vs market
JINDWORLD · May 2023: −34.1% vs market
SENCO · Jul 2024: −31.5% vs market
HNDFDS · Jun 2023: −29.1% vs market
IRB · Mar 2024: −25.6% vs market
ASTERDM · Jun 2020: −23.9% vs market
PCBL · Jul 2025: −23.4% vs market
BHARATFORG · Jun 2024: −23.3% vs market
SOBHA · Jun 2022: −22.5% vs market
KDDL · Jan 2024: −20.4% vs market
ASAHIINDIA · Mar 2023: −20.2% vs market
CANTABIL · Jan 2023: −18.5% vs market
PRSMJOHNSN · Jun 2021: −17.4% vs market
PHOENIXLTD · Apr 2020: −17.2% vs market
BRIGADE · Aug 2024: −16.9% vs market
TORNTPOWER · Dec 2024: −16.7% vs market
STEELXIND · May 2022: −15.8% vs market
ORIENTCEM · Feb 2020: −15.3% vs market
HPL · Sep 2024: −12.8% vs market
JMFINANCIL · Jul 2020: −9.5% vs market
NELCO · Feb 2022: −9.4% vs market
GREENLAM · Dec 2023: −7.3% vs market
DYNAMATECH · Jun 2024: −4.1% vs market
NETWORK18 · Sep 2020: −3.9% vs market
NLCINDIA · Feb 2024: −3.0% vs market
HLEGLAS · Sep 2025: −2.7% vs market
PRESTIGE · Feb 2024: +0.7% vs market
TATAPOWER · Oct 2021: +1.6% vs market
BFUTILITIE · Apr 2020: +2.3% vs market
RKFORGE · Dec 2023: +4.8% vs market
LODHA · Jun 2022: +5.9% vs market
THANGAMAYL · Jan 2024: +24.5% vs market
HATSUN · Dec 2020: +29.3% vs market
KALYANKJIL · Jan 2024: +32.9% vs market
SUZLON · May 2022: +37.1% vs market
BLUEDART · Jul 2021: +46.0% vs market
ARIHANTSUP · Mar 2022: +59.0% vs market
PURVA · Dec 2023: +72.9% vs market
AEGISLOG · Sep 2025: +79.2% vs market
JSWENERGY · Jun 2023: +83.8% vs market
HIRECT · Apr 2025: +102.0% vs market
FACT · Mar 2023: +105.8% vs market
ADANIPOWER · Jun 2021: +131.4% vs market
JBMA · Jul 2022: +183.7% vs market
Similar setups −11.2%All companies −3.0%← 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
−11.2%
All companies' median
−3.0%
Beat the market
36% vs 47%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KALYANKJIL
Retail Trade		 Jan 2024 83x13% +197%−10% +33%
SUZLON
Producer Manufacturing		 May 2022 79x10% +50%−33% +37%
PRESTIGE
Finance		 Feb 2024 50x10% +187%−16% +1%
BRIGADE
Finance		 Aug 2024 62x13% +103%−15% −17%
JINDWORLD
Process Industries		 May 2023 63x19% +31%−26% −34%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RKFORGE
Producer Manufacturing		 Dec 2023 47x19% +176%−9% +5%
JBMA
Producer Manufacturing		 Jul 2022 33x14% +122%−34% +184%
PCBL
Process Industries		 Jul 2025 34x12% +21%−32% −23%
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: interest cover, ROCE 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 KIRLOSKAR OIL ENGINES 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.

FIRSTSOURCE SOLUTIONSFSL
Commercial Services
71%similar
market capvolatility
GOODLUCK INDIAGOODLUCK
Non-Energy Minerals
60%similar
ROCEvolatility
HFCLHFCL
Electronic Technology
60%similar
market capEPS growth
PEARL GLOBAL INDUSTRIESPGIL
Consumer Non-Durables
60%similar
volatilityP/E
BALRAMPUR CHINI MILLSBALRAMCHIN
Process Industries
57%similar
promoter holdingrevenue
SPR AUTO TECHNOLOGIESSHRIPISTON
Producer Manufacturing
61%similar
market cappromoter holding
CRAFTSMAN AUTOMATIONCRAFTSMAN
Producer Manufacturing
60%similar
EPS growthrevenue
LUMAX AUTO TECHNOLOGIESLUMAXTECH
Producer Manufacturing
58%similar
P/Eoperating margin

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. NovPriceFell 38% from the Jun 2026 peak to the Nov 2026 low.
  2. NovPriceVolume reached 6.3x its 50-day median on 2026-11-05; price -11.6% that day.
  3. SepPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  4. SepPriceVolume reached 14.0x its 50-day median on 2026-09-29; price +12.2% that day.
  5. AugPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  6. JunPriceVolume reached 35.2x its 50-day median on 2026-06-23; price +4.8% that day.
  7. AprValuationP/E crossed above the 90th percentile of its own history to date (45.1x).
  8. MarResultsYear-on-year EPS growth turned positive.
Show 22 earlier events
  1. MarPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  2. FebPriceRegained the 2024-07 peak, 12 months after the low.
  3. FebPriceVolume reached 21.8x its 50-day median on 2026-02-12; price +0.9% that day.
  4. DecValuationP/E crossed above the 90th percentile of its own history to date (34.9x).
  5. NovPriceVolume reached 64.3x its 50-day median on 2025-11-12; price +12.0% that day.
  6. SepResultsYear-on-year EPS growth turned negative.
  7. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  8. JulPriceVolume reached 21.4x its 50-day median on 2025-07-11; price -0.4% that day.
  9. MayPriceVolume reached 22.2x its 50-day median on 2025-05-15; price +17.3% that day.
  10. FebPriceFell 59% from the Jul 2024 peak to the Feb 2025 low.
  11. FebPriceVolume reached 12.1x its 50-day median on 2025-02-12; price -4.2% that day.
  12. JunResultsRevenue (TTM) reached a new high of ₹5,899 cr.
  13. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  14. MayPriceVolume reached 10.7x its 50-day median on 2024-05-09; price +1.9% that day.
  15. NovValuationP/E crossed above the 90th percentile of its own history to date (26.0x).
  16. AugPriceVolume reached 15.5x its 50-day median on 2023-08-11; price +8.3% that day.
  17. JunResultsYear-on-year EPS growth turned positive.
  18. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  19. JunDebtDebt / equity rose above 1.0x (1.41x).
  20. MarPriceVolume reached 36.9x its 50-day median on 2023-03-09; price +0.1% that day.
  21. NovPriceVolume reached 8.6x its 50-day median on 2022-11-18; price +3.8% that day.
  22. OctPriceRegained the 2021-07 peak, 7 months after the low.

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
2026-1143.2x₹7937 cr15.1%15.0%1.5x
2026-1047.8x₹7937 cr14.8%15.0%1.5x
2026-0961.3x₹7937 cr14.8%15.0%1.5x
2026-0853.1x₹7699 cr15.5%15.0%1.5x
2026-0755.4x₹7699 cr15.5%15.0%1.5x
2026-0659.8x₹7699 cr15.5%15.0%1.5x
2026-0551.2x₹7332 cr17.3%14.0%1.9x
2026-0445.1x₹7332 cr17.3%14.0%1.9x
2026-0335.3x₹7332 cr17.3%14.0%1.9x
2026-0239.9x₹6913 cr16.0%14.0%1.9x
2026-0133.6x₹6913 cr16.0%14.0%1.9x
2025-1234.9x₹6913 cr16.0%14.0%1.9x
2025-1134.6x₹6470 cr14.9%14.0%1.9x
2025-1030.8x₹6470 cr14.9%14.0%1.9x
2025-0928.3x₹6470 cr14.9%14.0%1.9x
2025-0826.7x₹6340 cr15.4%14.0%1.9x
2025-0726.8x₹6340 cr15.4%14.0%1.9x
2025-0625.2x₹6340 cr15.4%14.0%1.9x
2025-0525.9x₹6251 cr18.5%15.0%1.5x
2025-0421.4x₹6251 cr18.5%15.0%1.5x
2025-0320.6x₹6251 cr18.5%15.0%1.5x
2025-0215.9x₹6188 cr19.3%15.0%1.5x
2025-0124.9x₹6188 cr19.3%15.0%1.5x
2024-1228.4x₹6188 cr19.3%15.0%1.5x
2024-1134.2x₹5988 cr17.6%15.0%1.5x
2024-1035.0x₹5988 cr17.6%15.0%1.5x
2024-0937.5x₹5988 cr17.6%15.0%1.5x
2024-0843.7x₹5899 cr16.4%15.0%1.5x
2024-0740.5x₹5899 cr16.4%15.0%1.5x
2024-0645.7x₹5899 cr16.4%15.0%1.5x
2024-0554.3x₹5020 cr14.4%13.0%1.4x
2024-0444.5x₹5020 cr14.4%13.0%1.4x
2024-0337.4x₹5020 cr14.4%13.0%1.4x
2024-0239.8x₹5020 cr14.4%13.0%1.4x
2024-0131.0x₹5020 cr14.4%13.0%1.4x
2023-1228.5x₹5020 cr14.4%13.0%1.4x
2023-1126.0x₹5020 cr14.4%13.0%1.4x
2023-1023.7x₹5020 cr14.4%13.0%1.4x
2023-0923.5x₹5020 cr14.4%13.0%1.4x
2023-0821.1x₹5020 cr14.4%13.0%1.4x
2023-0719.6x₹5020 cr14.4%13.0%1.4x
2023-0617.1x₹5020 cr14.4%13.0%1.4x
2023-0533.6x₹4022 cr8.2%10.0%0.9x
2023-0432.6x₹4022 cr8.2%10.0%0.9x
2023-0332.8x₹4022 cr8.2%10.0%0.9x
2023-0226.1x₹4022 cr8.2%10.0%0.9x
2023-0126.0x₹4022 cr8.2%10.0%0.9x
2022-1226.7x₹4022 cr8.2%10.0%0.9x
2022-1127.5x₹4022 cr8.2%10.0%0.9x
2022-1021.6x₹4022 cr8.2%10.0%0.9x
2022-0920.1x₹4022 cr8.2%10.0%0.9x
2022-0818.8x₹4022 cr8.2%10.0%0.9x
2022-0713.6x₹4022 cr8.2%10.0%0.9x
2022-0611.2x₹4022 cr8.2%10.0%0.9x
2022-0511.4x₹3296 cr10.2%13.0%0.4x
2022-0412.1x₹3296 cr10.2%13.0%0.4x
2022-039.8x₹3296 cr10.2%13.0%0.4x
2022-029.8x₹3296 cr10.2%13.0%0.4x
2022-0112.7x₹3296 cr10.2%13.0%0.4x
2021-1213.7x₹3296 cr10.2%13.0%0.4x

Older months are in the live observatory.

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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