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L G BALKRISHNAN & BROS LTD (LGBBROSLTD)

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.67 / 100
Profitability 64Growth 48Balance sheet 88
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.60 / 100
Price 79Earnings 40FII/DII 61

Passes these screensValue PickDebt-light & profitable

Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,667.1 latest close · +3.7% over the last 90 sessions

₹1,500₹1,600₹1,700Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,500₹1,600₹1,700Jul 3Sep 4Nov 9

₹1,667.1 month-end · −15.0% over 12 months

₹1,600₹1,800₹2,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,600₹1,800₹2,000Nov '25May '26Nov '26

₹1,667.1 month-end · +41.7% over 3 years

₹1,250₹1,500₹1,750₹2,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹1,250₹1,500₹1,750₹2,000Nov '23May '25Nov '26

₹1,667.1 month-end · +311.0% 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 ₹1445.00 to ₹2048.00 · 1-year volatility 35.6%

Was the rally earned?

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

Earnings helped, the multiple did not.

  • Per-share earnings added 4 points, but investors now pay less per rupee of profit (P/E 20.6x to 16.7x), which took 19 points back.
  • The share count barely moved.
Net profit growth: +4 pts. Points of the price return explained by net profit growing (or shrinking).+4 ptsNet profit growthP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19 ptsP/E changeShare price: −15%−15%Share priceNet profit growth: +4 pts. Points of the price return explained by net profit growing (or shrinking).+4ProfitP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19P/EShare price: −15%−15%Share price
Net profit growth+4 ptsNet profit rose about 5%, which lifts the price.
P/E change-19 ptsThe P/E fell from 20.6x to 16.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+42%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 26 points and the multiple added 16 points (P/E 14.7x to 16.7x).
  • The share count barely moved.
Net profit growth: +28 pts. Points of the price return explained by net profit growing (or shrinking).+28 ptsNet profit growthP/E change: +16 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+16 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: +42%+42%Share priceNet profit growth: +28 pts. Points of the price return explained by net profit growing (or shrinking).+28ProfitP/E change: +16 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+16P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +42%+42%Share price
Net profit growth+28 ptsNet profit rose about 26%, which lifts the price.
P/E change+16 ptsThe P/E rose from 14.7x to 16.7x, which lifts the price.
Share count change-2 ptsShare count was little changed. More shares would count against the price.
+229%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 164 points to the rise, while the multiple moved less (P/E 11.9x to 16.7x).
  • The share count barely moved.
Net profit growth: +168 pts. Points of the price return explained by net profit growing (or shrinking).+168 ptsNet profit growthP/E change: +64 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+64 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: +229%+229%Share priceNet profit growth: +168 pts. Points of the price return explained by net profit growing (or shrinking).+168ProfitP/E change: +64 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+64P/EShare count change: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4SharesShare price: +229%+229%Share price
Net profit growth+168 ptsNet profit rose about 140%, which lifts the price.
P/E change+64 ptsThe P/E rose from 11.9x to 16.7x, which lifts the price.
Share count change-4 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-64.7%recovered 2021-06
1-year volatility35.6%annualised
Beta vs sector index0.733-year daily, correlation 0.44
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−64.5% 0%−20%−40%−60%2020202220242026−64.5%
Largest drawdowns

-64.7% (2019-03 peak to 2020-03 low, recovered 2021-06)

-28.7% (2022-02 peak to 2022-06 low, recovered 2022-08)

-27.4% (2026-02 peak to 2026-06 low, not yet recovered)

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?

16.7xP/E todayNear its historic high
Against its own history92nd percentile
CheapestMedian 13.3xDearest

Usual range 8.4x to 16.5x since 2019-01.

Against Producer Manufacturing16.7x vs 29.6x
This company
16.7x
Sector median
29.6x

44% below the Producer Manufacturing median.

5.1x18.1x31.1x44.0xJan '19Aug '20Mar '22Oct '23May '25Nov '265.1x18.1x31.1x44.0xJan '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

  • ROCE69th▲ 5 pts vs a year ago
  • Op. margin59th▼ 10 pts vs a year ago
  • Revenue growth66th▲ 8 pts vs a year ago
  • EPS growth45th▼ 10 pts vs a year ago
  • Debt/equity ↓68thflat vs a year ago
  • Cash cycle ↓58th▲ 4 pts vs a year ago
  • P/E ↓78thflat vs a year ago
  • 12M momentum36th▼ 57 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?

~13%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 19.1x, a holder earning 12%/yr needs earnings to grow about 13.3%/yr for 10 years, then trade at 15x.

Delivered19.3%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−6.0 ptsimplied minus delivered
Rank643rdmost demanding of 856

Over time

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

-1%10%21% Jan 2019Nov 2026 -1%10%21% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x14.7%15.7%16.7%
15x12.3%13.3%14.4%
20x9.3%10.3%11.3%

Drag a slider to test other assumptions

Implied: 13.3%/yr

Looking back

  • Jan 2020Price implied 6%/yr; EPS has since grown 18%/yr (7.0 yrs)
  • Jan 2021Price implied 7%/yr; EPS has since grown 23%/yr (6.0 yrs)
  • Jan 2022Price implied 15%/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
₹1667.10
P/E
16.7x
ROCE
20.0%
Market Cap
₹5317 cr
Revenue (TTM)
₹3218 cr
P/S
1.7x
P/B
2.5x
ROE
14.8%
Operating Margin
13.0%
Debt / Equity
0.1x
Promoter Holding
34.8%
12M Momentum
-15.0%

52-week range

₹1445.00₹2048.00
37% of the way from its 52-week low to its high

Price risk

1Y volatility
35.6%
Beta vs sector
1-year daily
0.75

Balance sheet & cash

Interest cover
operating profit ÷ interest
25.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.08x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance16%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 16.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.08xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.08x (cash from operations ₹963 cr, net profit ₹892 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+1 daysWithin range

Debtor days are above the median of the previous three fiscal years by 1 days (48 vs 47). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress3% of fixed assetsWithin range

Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+7 days / 2 yrsWithin range

Days payable changed by +7 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 1.4 pts; promoters added 1.1 pts.
  • The number of shareholders rose from 33,711 to 36,849 (+9%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters33.7%34.8%+1.1 pts
FIIs7.8%6.4%-1.4 pts
DIIs13.9%13.5%-0.4 pts
Public and others44.5%45.3%+0.8 pts

Number of shareholders

36,849shareholders+9% since Dec '23
34k36k37k39k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 33,711
Mar '24: 34,062
Jun '24: 34,795
Sep '24: 37,430
Dec '24: 38,613
Mar '25: 37,752
Jun '25: 38,538
Sep '25: 39,126
Dec '25: 38,549
Mar '26: 37,259
Jun '26: 36,849
 34k36k37k39k Dec '23Dec '24Dec '25Jun '26
Dec '23: 33,711
Mar '24: 34,062
Jun '24: 34,795
Sep '24: 37,430
Dec '24: 38,613
Mar '25: 37,752
Jun '25: 38,538
Sep '25: 39,126
Dec '25: 38,549
Mar '26: 37,259
Jun '26: 36,849

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

−2.3%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 L G BALKRISHNAN & BROS LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −26% to +24% vs the market, against −6% for all non-financial companies in the same months.
  • The gap against the base rate (+3.9%, 80% range −6.5% to +21.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
BHARATRAS · Aug 2025: −53.9% vs market
ROUTE · Jun 2024: −45.0% vs market
JTLIND · Mar 2025: −44.8% vs market
GANESHBE · Nov 2023: −37.3% vs market
RSYSTEMS · Oct 2025: −36.2% vs market
DCMSHRIRAM · Sep 2023: −34.5% vs market
MASTEK · Aug 2025: −33.1% vs market
INDOCO · Mar 2023: −32.0% vs market
ROSSARI · Apr 2025: −31.8% vs market
SAKSOFT · Oct 2025: −30.1% vs market
JAMNAAUTO · May 2024: −27.2% vs market
NAVNETEDUL · Jun 2020: −26.6% vs market
IONEXCHANG · Apr 2025: −25.6% vs market
GALAXYSURF · Jun 2025: −25.2% vs market
VSSL · Jun 2024: −17.9% vs market
MAYURUNIQ · Oct 2023: −15.6% vs market
KKCL · Jul 2025: −15.2% vs market
ARE&M · Apr 2024: −13.0% vs market
SHRIPISTON · Apr 2020: −12.7% vs market
SHARDACROP · Feb 2022: −11.1% vs market
LUMAXIND · Apr 2020: −8.4% vs market
COCHINSHIP · Apr 2020: −7.6% vs market
KIRLOSENG · Apr 2020: −3.3% vs market
FLAIR · Jun 2025: −3.1% vs market
DOLLAR · Dec 2021: −3.0% vs market
TCI · Nov 2024: −1.5% vs market
USHAMART · Mar 2024: +2.3% vs market
CYIENT · Jan 2020: +3.6% vs market
SUPRAJIT · Sep 2021: +5.9% vs market
DODLA · Jul 2024: +13.0% vs market
INSECTICID · Jun 2021: +16.8% vs market
FIEMIND · Mar 2024: +19.9% vs market
DHANUKA · Mar 2024: +21.7% vs market
FINPIPE · May 2023: +21.9% vs market
PRICOLLTD · May 2025: +22.3% vs market
GRANULES · Jan 2024: +23.8% vs market
ALLDIGI · Mar 2024: +24.2% vs market
STARCEMENT · Oct 2024: +24.3% vs market
CIGNITITEC · Aug 2022: +27.7% vs market
POWERMECH · Jun 2024: +33.0% vs market
SJS · Mar 2024: +42.8% vs market
KINGFA · Oct 2024: +43.6% vs market
ZENSARTECH · Oct 2020: +62.6% vs market
GRAUWEIL · Sep 2022: +68.3% vs market
BSOFT · Feb 2020: +85.8% vs market
GABRIEL · Dec 2024: +101.8% vs market
GODFRYPHLP · Mar 2024: +111.4% vs market
RHIM · Dec 2021: +120.9% vs market
RAILTEL · Jun 2023: +143.0% vs market
ECLERX · Jul 2020: +198.5% vs market
Similar setups −2.3%All companies −6.2%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
−2.3%
All companies' median
−6.2%
Beat the market
48% vs 43%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TCI
Transportation		 Nov 2024 23x20% +24%−13% −2%
GABRIEL
Producer Manufacturing		 Dec 2024 32x— +21%−14% +102%
PRICOLLTD
Producer Manufacturing		 May 2025 32x25% +3%−22% +22%
GALAXYSURF
Consumer Non-Durables		 Jun 2025 30x16% −5%−22% −25%
USHAMART
Producer Manufacturing		 Mar 2024 28x21% +48%−14% +2%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
FLAIR
Producer Manufacturing		 Jun 2025 24x16% −11%−20% −3%
CIGNITITEC
Technology Services		 Aug 2022 18x26% +6%−12% +28%
INSECTICID
Process Industries		 Jun 2021 16x15% +65%−3% +17%
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, P/E 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 L G BALKRISHNAN & BROS LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

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

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

What is compared

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

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

How closeness and the sample are defined

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

Base rate

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

Limits you should know

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

Does it work? A walk-forward check

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

Disclaimer

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

What else looks like this?

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

MASTEKMASTEK
Technology Services
75%similar
promoter holdingrevenue growth
J KUMAR INFRAPROJECTSJKIL
Industrial Services
72%similar
operating marginROCE
INTELLECT DESIGN ARENAINTELLECT
Technology Services
70%similar
revenueEPS growth
MAHANAGAR GASMGL
Utilities
68%similar
promoter holdingP/E
TIME TECHNOPLASTTIMETECHNO
Process Industries
67%similar
operating marginrevenue growth
FIEM INDUSTRIESFIEMIND
Producer Manufacturing
65%similar
operating marginmarket cap
AMARA RAJA ENERGY & MOBILITYARE&M
Producer Manufacturing
61%similar
promoter holdingP/E
USHA MARTINUSHAMART
Producer Manufacturing
61%similar
ROCErevenue

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

What changed?

30 events since Jun '22

  1. AugValuationP/E crossed above the 90th percentile of its own history to date (16.9x).
  2. JunPriceFell 27% from the Feb 2026 peak to the Jun 2026 low.
  3. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  4. AprValuationP/E crossed above the 90th percentile of its own history to date (16.8x).
  5. MarPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  6. FebPriceVolume reached 8.0x its 50-day median on 2026-02-11; price +7.7% that day.
  7. DecPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  8. NovPriceRegained the 2024-09 peak, 7 months after the low.
Show 22 earlier events
  1. NovValuationP/E crossed above the 90th percentile of its own history to date (20.6x).
  2. NovPriceVolume reached 83.1x its 50-day median on 2025-11-03; price +13.9% that day.
  3. SepPriceVolume reached 12.7x its 50-day median on 2025-09-22; price +4.3% that day.
  4. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  5. AprPriceFell 26% from the Sep 2024 peak to the Apr 2025 low.
  6. DecPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  7. SepPriceVolume reached 30.7x its 50-day median on 2024-09-02; price +8.9% that day.
  8. JulPeer rankSlipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top quartile).
  9. JunResultsRevenue (TTM) reached a new high of ₹2,346 cr.
  10. JunPriceVolume reached 36.5x its 50-day median on 2024-06-27; price +11.6% that day.
  11. MarValuationP/E crossed above the 90th percentile of its own history to date (15.8x).
  12. NovValuationP/E crossed above the 90th percentile of its own history to date (14.7x).
  13. AugPriceVolume reached 16.8x its 50-day median on 2023-08-31; price +8.5% that day.
  14. JunResultsRevenue (TTM) reached a new high of ₹2,203 cr.
  15. JunValuationP/E crossed above the 90th percentile of its own history to date (14.2x).
  16. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  17. JunPriceVolume reached 18.8x its 50-day median on 2023-06-23; price +10.6% that day.
  18. MarPriceVolume reached 6.5x its 50-day median on 2023-03-10; price +0.7% that day.
  19. SepPriceVolume reached 13.3x its 50-day median on 2022-09-06; price +8.3% that day.
  20. AugPriceRegained the 2022-02 peak, 2 months after the low.
  21. JunResultsRevenue (TTM) reached a new high of ₹2,102 cr.
  22. JunPriceFell 29% from the Feb 2022 peak to the Jun 2022 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
2026-1116.7x₹3218 cr14.8%20.0%0.1x
2026-1016.7x₹3218 cr14.8%20.0%0.1x
2026-0917.3x₹3218 cr14.8%20.0%0.1x
2026-0816.9x₹3076 cr14.8%20.0%0.1x
2026-0715.9x₹3076 cr14.8%20.0%0.1x
2026-0616.0x₹3076 cr14.8%20.0%0.1x
2026-0514.5x₹2930 cr17.5%20.0%0.1x
2026-0416.8x₹2930 cr17.5%20.0%0.1x
2026-0315.7x₹2930 cr17.5%20.0%0.1x
2026-0219.4x₹2790 cr16.8%20.0%0.1x
2026-0117.0x₹2790 cr16.8%20.0%0.1x
2025-1217.8x₹2790 cr16.8%20.0%0.1x
2025-1120.6x₹2664 cr16.0%20.0%0.1x
2025-1014.9x₹2664 cr16.0%20.0%0.1x
2025-0914.4x₹2664 cr16.0%20.0%0.1x
2025-0813.4x₹2578 cr15.9%20.0%0.1x
2025-0713.3x₹2578 cr15.9%20.0%0.1x
2025-0613.7x₹2578 cr15.9%20.0%0.1x
2025-0514.3x₹2516 cr17.4%23.0%0.1x
2025-0413.2x₹2516 cr17.4%23.0%0.1x
2025-0313.2x₹2516 cr17.4%23.0%0.1x
2025-0213.4x₹2439 cr17.3%23.0%0.1x
2025-0115.2x₹2439 cr17.3%23.0%0.1x
2024-1214.0x₹2439 cr17.3%23.0%0.1x
2024-1114.4x₹2378 cr17.1%23.0%0.1x
2024-1014.7x₹2378 cr17.1%23.0%0.1x
2024-0915.5x₹2378 cr17.1%23.0%0.1x
2024-0815.9x₹2346 cr16.5%23.0%0.1x
2024-0716.5x₹2346 cr16.5%23.0%0.1x
2024-0616.5x₹2346 cr16.5%23.0%0.1x
2024-0515.5x₹2203 cr18.5%24.0%0.1x
2024-0416.0x₹2203 cr18.5%24.0%0.1x
2024-0315.8x₹2203 cr18.5%24.0%0.1x
2024-0214.2x₹2203 cr18.5%24.0%0.1x
2024-0116.0x₹2203 cr18.5%24.0%0.1x
2023-1215.7x₹2203 cr18.5%24.0%0.1x
2023-1114.7x₹2203 cr18.5%24.0%0.1x
2023-1013.3x₹2203 cr18.5%24.0%0.1x
2023-0913.3x₹2203 cr18.5%24.0%0.1x
2023-0813.4x₹2203 cr18.5%24.0%0.1x
2023-0713.3x₹2203 cr18.5%24.0%0.1x
2023-0614.2x₹2203 cr18.5%24.0%0.1x
2023-0510.3x₹2102 cr21.7%29.0%0.1x
2023-0411.1x₹2102 cr21.7%29.0%0.1x
2023-039.5x₹2102 cr21.7%29.0%0.1x
2023-028.6x₹2102 cr21.7%29.0%0.1x
2023-018.9x₹2102 cr21.7%29.0%0.1x
2022-128.8x₹2102 cr21.7%29.0%0.1x
2022-119.0x₹2102 cr21.7%29.0%0.1x
2022-109.8x₹2102 cr21.7%29.0%0.1x
2022-099.8x₹2102 cr21.7%29.0%0.1x
2022-088.9x₹2102 cr21.7%29.0%0.1x
2022-079.0x₹2102 cr21.7%29.0%0.1x
2022-067.6x₹2102 cr21.7%29.0%0.1x
2022-0513.9x₹1609 cr15.1%20.0%0.1x
2022-0415.5x₹1609 cr15.1%20.0%0.1x
2022-0312.6x₹1609 cr15.1%20.0%0.1x
2022-0213.8x₹1609 cr15.1%20.0%0.1x
2022-0115.9x₹1609 cr15.1%20.0%0.1x
2021-1215.3x₹1609 cr15.1%20.0%0.1x

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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