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LMW LIMITED (LMW)

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.42 / 100
Profitability 18Growth 6Balance sheet 100
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.57 / 100
Price 64Earnings 79FII/DII 29
Compare withWELSPUN CORPVOLTASTHERMAX

Share price

Closing priceAdjusted for splits and bonus issues.

₹17,472 latest close · +11.3% over the last 90 sessions

₹16,000₹18,000₹20,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹16,000₹18,000₹20,000Jul 3Sep 4Nov 9

₹17,472 month-end · +16.1% over 12 months

₹12,500₹15,000₹17,500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹12,500₹15,000₹17,500Nov '25May '26Nov '26

₹17,472 month-end · +32.5% over 3 years

₹12,500₹15,000₹17,500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹12,500₹15,000₹17,500Nov '23May '25Nov '26

₹17,472 month-end · +225.0% since Jan '19

₹10,000₹20,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹10,000₹20,000Jan '19Dec '22Nov '26

52-week range ₹11920.00 to ₹20151.00 · 1-year volatility 32.3%

Was the rally earned?

+16%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 57 points, but investors now pay less per rupee of profit (P/E 156.0x to 106.8x), which took 41 points back.
  • The share count barely moved.
Net profit growth: +58 pts. Points of the price return explained by net profit growing (or shrinking).+58 ptsNet profit growthP/E change: −41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−41 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: +16%+16%Share priceNet profit growth: +58 pts. Points of the price return explained by net profit growing (or shrinking).+58ProfitP/E change: −41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−41P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +16%+16%Share price
Net profit growth+58 ptsNet profit rose about 71%, which lifts the price.
P/E change-41 ptsThe P/E fell from 156.0x to 106.8x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+33%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 36.7x to 106.8x); per-share earnings took off 91 points.
  • The share count barely moved.
Net profit growth: −91 pts. Points of the price return explained by net profit growing (or shrinking).−91 ptsNet profit growthP/E change: +123 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+123 ptsP/E changeShare price: +33%+33%Share priceNet profit growth: −91 pts. Points of the price return explained by net profit growing (or shrinking).−91ProfitP/E change: +123 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+123P/EShare price: +33%+33%Share price
Net profit growth-91 ptsNet profit fell about 54%, which lowers the price.
P/E change+123 ptsThe P/E rose from 36.7x to 106.8x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+105%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 200 points, but investors now pay less per rupee of profit (P/E 204.1x to 106.8x), which took 95 points back.
  • The share count barely moved.
Net profit growth: +199 pts. Points of the price return explained by net profit growing (or shrinking).+199 ptsNet profit growthP/E change: −95 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−95 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: +105%+105%Share priceNet profit growth: +199 pts. Points of the price return explained by net profit growing (or shrinking).+199ProfitP/E change: −95 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−95P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +105%+105%Share price
Net profit growth+199 ptsNet profit rose about 288%, which lifts the price.
P/E change-95 ptsThe P/E fell from 204.1x to 106.8x, which lowers 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 WELSPUN CORP

How rough has the ride been?

Maximum drawdown-66.2%recovered 2021-02
1-year volatility32.3%annualised
Beta vs sector index0.733-year daily, correlation 0.50
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−62.6% 0%−20%−40%−60%2020202220242026−62.6%
Largest drawdowns

-66.2% (2019-03 peak to 2020-03 low, recovered 2021-02)

-34.9% (2024-09 peak to 2026-03 low, recovered 2026-08)

-29.2% (2022-02 peak to 2022-06 low, recovered 2022-08)

Most recent volume spikes

2026-10-21: 16.7x the 50-day median, price -1.8% that day

2026-08-31: 7.3x the 50-day median, price +0.4% that day

2026-08-17: 8.4x the 50-day median, price +6.0% 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?

106.8xP/E todayWithin its usual range
Against its own history56th percentile
CheapestMedian 78.2xDearest

Usual range 22.1x to 208.3x since 2019-01.

Against Producer Manufacturing106.8x vs 29.6x
This company
106.8x
Sector median
29.6x

261% above the Producer Manufacturing median.

10.6x94.2x177.8x261.4xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x94.2x177.8x261.4xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

  • ROCE14thflat vs a year ago
  • Op. margin23rd▲ 15 pts vs a year ago
  • Revenue growth41st▲ 38 pts vs a year ago
  • EPS growth84th▲ 73 pts vs a year ago
  • Debt/equity ↓98thflat vs a year ago
  • Cash cycle ↓87thflat vs a year ago
  • P/E ↓6thflat vs a year ago
  • 12M momentum69th▲ 7 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?

~31%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 80.1x, a holder earning 12%/yr needs earnings to grow about 31.2%/yr for 10 years, then trade at 15x.

Delivered0.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+30.7 ptsimplied minus delivered
Rank51stmost demanding of 856

Over time

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

-20%8%36% Jan 2019Nov 2026 -20%8%36% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x32.8%34.0%35.2%
15x30.0%31.2%32.4%
20x26.5%27.7%28.8%

Drag a slider to test other assumptions

Implied: 31.2%/yr

Looking back

  • Jan 2020Price implied 13%/yr; EPS has since grown −5%/yr (7.0 yrs)
  • Jan 2021Price implied 20%/yr; EPS has since grown 29%/yr (6.0 yrs)
  • Jan 2022Price implied 33%/yr; EPS has since grown 24%/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
₹17472.00
P/E
106.8x
ROCE
6.0%
Market Cap
₹18665 cr
Revenue (TTM)
₹3374 cr
P/S
5.5x
P/B
6.5x
ROE
6.1%
Operating Margin
7.0%
Debt / Equity
0.0x
Promoter Holding
30.8%
12M Momentum
16.1%

52-week range

₹11920.00₹20151.00
67% of the way from its 52-week low to its high

Price risk

1Y volatility
32.3%
Beta vs sector
1-year daily
0.87

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
0.57x
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 7checks within range1 beyond a threshold
Other income reliance58%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 57.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate28%Within range

Median quarterly effective tax rate over about 2.5 years: 28.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.57xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.57x (cash from operations ₹347 cr, net profit ₹608 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+14 daysWithin range

Debtor days are above the median of the previous three fiscal years by 14 days (32 vs 18). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+49 days / 2 yrsNear threshold

Days payable changed by +49 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, DIIs trimmed 1.8 pts.
  • The number of shareholders fell from 34,173 to 30,685 (-10%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters31.1%30.8%-0.3 pts
FIIs5.0%5.5%+0.5 pts
DIIs11.3%9.5%-1.8 pts
Public and others52.6%54.2%+1.6 pts

Number of shareholders

30,685shareholders-10% since Dec '23
31k32k33k34k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 34,173
Mar '24: 32,761
Jun '24: 32,107
Sep '24: 31,602
Dec '24: 31,283
Mar '25: 30,900
Jun '25: 32,140
Sep '25: 32,240
Dec '25: 31,652
Mar '26: 31,201
Jun '26: 30,685
 31k32k33k34k Dec '23Dec '24Dec '25Jun '26
Dec '23: 34,173
Mar '24: 32,761
Jun '24: 32,107
Sep '24: 31,602
Dec '24: 31,283
Mar '25: 30,900
Jun '25: 32,140
Sep '25: 32,240
Dec '25: 31,652
Mar '26: 31,201
Jun '26: 30,685

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

−3.4%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like LMW 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 −16% to +10% vs the market, against 0% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −3.6%, 80% range −9.9% to −0.9%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

−50%0%+50%+100%
DELTACORP · May 2023: −67.2% vs market
RIIL · Feb 2024: −42.2% vs market
SIRCA · Mar 2023: −40.6% vs market
EUREKAFORB · Sep 2025: −37.0% vs market
KANSAINER · May 2023: −36.1% vs market
DIAMONDYD · Feb 2020: −35.1% vs market
GRAPHITE · Apr 2024: −34.2% vs market
WHIRLPOOL · Jul 2024: −33.9% vs market
ZFCVINDIA · Sep 2023: −29.6% vs market
PGHL · May 2020: −17.3% vs market
ESCORTS · Aug 2023: −17.2% vs market
UBL · Jul 2022: −17.2% vs market
TATAINVEST · May 2020: −16.6% vs market
ASHIANA · Feb 2020: −15.6% vs market
LAOPALA · Dec 2021: −13.1% vs market
ITDC · Feb 2021: −11.8% vs market
VOLTAS · May 2024: −11.6% vs market
NOCIL · Aug 2021: −11.0% vs market
DELHIVERY · Sep 2025: −9.5% vs market
TATACONSUM · Jul 2022: −7.7% vs market
VSTTILLERS · Jul 2025: −7.5% vs market
SUNDROP · Feb 2020: −7.4% vs market
JUSTDIAL · May 2023: −7.0% vs market
AIAENG · Apr 2023: −5.5% vs market
BHAGCHEM · Jun 2025: −3.5% vs market
BOSCHLTD · Jul 2022: −3.4% vs market
EICHERMOT · Nov 2022: −2.2% vs market
NAZARA · Feb 2025: −1.5% vs market
WENDT · Jun 2020: −0.3% vs market
MARUTI · Aug 2022: +0.6% vs market
CONCOR · Sep 2021: +0.7% vs market
SHANTIGEAR · May 2020: +2.4% vs market
ZYDUSWELL · Oct 2025: +2.6% vs market
SIEMENS · Oct 2022: +3.7% vs market
NAUKRI · Jul 2024: +5.2% vs market
RADICO · Apr 2023: +5.5% vs market
KIRLPNU · Apr 2024: +6.5% vs market
LINDEINDIA · Nov 2021: +11.3% vs market
FORTIS · Jul 2020: +16.0% vs market
THERMAX · Mar 2023: +23.1% vs market
NATIONALUM · Apr 2021: +31.4% vs market
PRAJIND · Apr 2021: +40.8% vs market
KIOCL · Jul 2020: +50.0% vs market
ABB · Sep 2021: +64.5% vs market
SCHNEIDER · Oct 2022: +67.3% vs market
CARTRADE · May 2024: +69.9% vs market
DIVGIITTS · Aug 2025: +70.2% vs market
VESUVIUS · Dec 2022: +75.0% vs market
MCX · Sep 2023: +90.2% vs market
BSE · Sep 2023: +95.6% vs market
Similar setups −3.4%All companies +0.2%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−3.4%
All companies' median
+0.2%
Beat the market
42% vs 50%

50 past situations · 50 companies · 30 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
EUREKAFORB
Consumer Durables		 Sep 2025 65x5% 0%−12% −37%
ESCORTS
Producer Manufacturing		 Aug 2023 66x11% +58%−3% −17%
UBL
Consumer Non-Durables		 Jul 2022 117x13% +14%−9% −17%
LINDEINDIA
Process Industries		 Nov 2021 142x10% +175%−11% +11%
NAZARA
Technology Services		 Feb 2025 87x6% +22%−16% −2%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
NAUKRI
Technology Services		 Jul 2024 158x4% +53%−2% +5%
SIEMENS
Producer Manufacturing		 Oct 2022 73x14% +34%−6% +4%
BSE
Finance		 Sep 2023 80x12% +114%−5% +96%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and revenue growth. Not used (unavailable for this company): interest cover. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

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

CARBORUNDUM UNIVERSALCARBORUNIV
Process Industries
60%similar
market capP/E
SYNGENE INTERNATIONALSYNGENE
Commercial Services
57%similar
EPS growthmarket cap
PRAJ INDUSTRIESPRAJIND
Industrial Services
56%similar
ROCErevenue
ONE 97 COMMUNICATIONS PAYTMPAYTM
Technology Services
53%similar
ROCEoperating margin
PRATAAP SNACKSDIAMONDYD
Consumer Non-Durables
45%similar
volatilityP/E
BEMLBEML
Producer Manufacturing
47%similar
P/Emarket cap
EXIDE INDUSTRIESEXIDEIND
Producer Manufacturing
41%similar
volatilitymarket cap
TITAGARH RAIL SYSTEMSTITAGARH
Producer Manufacturing
39%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 Jun '22

  1. OctPriceVolume reached 16.7x its 50-day median on 2026-10-21; price -1.8% that day.
  2. SepPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  3. AugPriceRegained the 2024-09 peak, 5 months after the low.
  4. AugPriceVolume reached 13.4x its 50-day median on 2026-08-13; price +6.8% that day.
  5. JunResultsYear-on-year EPS growth turned positive.
  6. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  7. AprPriceVolume reached 7.9x its 50-day median on 2026-04-06; price +7.5% that day.
  8. MarPriceFell 35% from the Sep 2024 peak to the Mar 2026 low.
Show 22 earlier events
  1. MarPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  2. MarPriceVolume reached 11.9x its 50-day median on 2026-03-27; price -6.1% that day.
  3. NovPriceVolume reached 6.0x its 50-day median on 2025-11-06; price -0.4% that day.
  4. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  5. JunPriceVolume reached 12.1x its 50-day median on 2025-06-20; price -0.9% that day.
  6. FebPriceVolume reached 7.7x its 50-day median on 2025-02-13; price +0.1% that day.
  7. SepPriceVolume reached 7.8x its 50-day median on 2024-09-27; price +10.0% that day.
  8. JunResultsYear-on-year EPS growth turned negative.
  9. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the top quartile).
  10. AprPriceVolume reached 12.7x its 50-day median on 2024-04-03; price +6.2% that day.
  11. MarPeer rankSlipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top quartile).
  12. MarPriceVolume reached 68.0x its 50-day median on 2024-03-27; price +4.7% that day.
  13. DecPriceVolume reached 7.1x its 50-day median on 2023-12-22; price -0.8% that day.
  14. AugPriceVolume reached 10.5x its 50-day median on 2023-08-31; price +8.9% that day.
  15. JulPriceRegained the 2022-12 peak, 4 months after the low.
  16. JunResultsRevenue (TTM) reached a new high of ₹4,719 cr.
  17. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  18. MayPriceVolume reached 9.0x its 50-day median on 2023-05-02; price +6.1% that day.
  19. MarPriceFell 29% from the Dec 2022 peak to the Mar 2023 low.
  20. AugPriceRegained the 2022-02 peak, 2 months after the low.
  21. JulPriceVolume reached 8.4x its 50-day median on 2022-07-25; price +2.1% that day.
  22. JunResultsRevenue (TTM) reached a new high of ₹3,171 cr.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11106.8x₹3374 cr6.1%6.0%0.0x
2026-1097.1x₹3374 cr6.1%6.0%0.0x
2026-09103.1x₹3374 cr6.1%6.0%0.0x
2026-08155.0x₹3207 cr4.6%6.0%0.0x
2026-07132.0x₹3207 cr4.6%6.0%0.0x
2026-06128.5x₹3207 cr4.6%6.0%0.0x
2026-05146.1x₹3078 cr4.1%5.0%0.0x
2026-04135.4x₹3078 cr4.1%5.0%0.0x
2026-03111.6x₹3078 cr4.1%5.0%0.0x
2026-02132.0x₹3086 cr4.3%5.0%0.0x
2026-01133.4x₹3086 cr4.3%5.0%0.0x
2025-12133.9x₹3086 cr4.3%5.0%0.0x
2025-11156.0x₹3033 cr3.7%5.0%0.0x
2025-10163.1x₹3033 cr3.7%5.0%0.0x
2025-09149.7x₹3033 cr3.7%5.0%0.0x
2025-08146.9x₹3012 cr3.7%5.0%0.0x
2025-07157.3x₹3012 cr3.7%5.0%0.0x
2025-06173.9x₹3012 cr3.7%5.0%0.0x
2025-05147.7x₹3179 cr4.4%18.0%0.0x
2025-04144.3x₹3179 cr4.4%18.0%0.0x
2025-03141.4x₹3179 cr4.4%18.0%0.0x
2025-0272.9x₹3627 cr7.4%18.0%0.0x
2025-0183.5x₹3627 cr7.4%18.0%0.0x
2024-1294.3x₹3627 cr7.4%18.0%0.0x
2024-1159.7x₹4178 cr10.8%18.0%0.0x
2024-1061.2x₹4178 cr10.8%18.0%0.0x
2024-0967.7x₹4178 cr10.8%18.0%0.0x
2024-0842.9x₹4696 cr13.8%18.0%0.0x
2024-0744.7x₹4696 cr13.8%18.0%0.0x
2024-0648.7x₹4696 cr13.8%18.0%0.0x
2024-0544.4x₹4719 cr16.4%22.0%0.0x
2024-0446.9x₹4719 cr16.4%22.0%0.0x
2024-0342.3x₹4719 cr16.4%22.0%0.0x
2024-0240.2x₹4719 cr16.4%22.0%0.0x
2024-0138.2x₹4719 cr16.4%22.0%0.0x
2023-1238.2x₹4719 cr16.4%22.0%0.0x
2023-1136.7x₹4719 cr16.4%22.0%0.0x
2023-1036.7x₹4719 cr16.4%22.0%0.0x
2023-0940.5x₹4719 cr16.4%22.0%0.0x
2023-0842.6x₹4719 cr16.4%22.0%0.0x
2023-0739.3x₹4719 cr16.4%22.0%0.0x
2023-0635.2x₹4719 cr16.4%22.0%0.0x
2023-0567.6x₹3171 cr9.1%14.0%0.0x
2023-0463.0x₹3171 cr9.1%14.0%0.0x
2023-0358.9x₹3171 cr9.1%14.0%0.0x
2023-0263.6x₹3171 cr9.1%14.0%0.0x
2023-0166.6x₹3171 cr9.1%14.0%0.0x
2022-1271.6x₹3171 cr9.1%14.0%0.0x
2022-1178.2x₹3171 cr9.1%14.0%0.0x
2022-1076.0x₹3171 cr9.1%14.0%0.0x
2022-0973.1x₹3171 cr9.1%14.0%0.0x
2022-0871.1x₹3171 cr9.1%14.0%0.0x
2022-0761.7x₹3171 cr9.1%14.0%0.0x
2022-0653.0x₹3171 cr9.1%14.0%0.0x
2022-05223.9x₹1727 cr2.5%5.0%0.0x
2022-04224.8x₹1727 cr2.5%5.0%0.0x
2022-03230.4x₹1727 cr2.5%5.0%0.0x
2022-02247.2x₹1727 cr2.5%5.0%0.0x
2022-01261.4x₹1727 cr2.5%5.0%0.0x
2021-12205.4x₹1727 cr2.5%5.0%0.0x
2021-11204.1x₹1727 cr2.5%5.0%0.0x
2021-10209.4x₹1727 cr2.5%5.0%0.0x
2021-09195.7x₹1727 cr2.5%5.0%0.0x
2021-08191.2x₹1727 cr2.5%5.0%0.0x
2021-07206.8x₹1727 cr2.5%5.0%0.0x
2021-06156.0x₹1727 cr2.5%5.0%0.0x
2021-05256.9x₹1574 cr1.7%2.0%0.0x
2021-04240.6x₹1574 cr1.7%2.0%0.0x
2021-03261.3x₹1574 cr1.7%2.0%0.0x
2021-02248.1x₹1574 cr1.7%2.0%0.0x
2021-01203.6x₹1574 cr1.7%2.0%0.0x
2020-12177.1x₹1574 cr1.7%2.0%0.0x
2020-11164.9x₹1574 cr1.7%2.0%0.0x
2020-10154.1x₹1574 cr1.7%2.0%0.0x
2020-09135.2x₹1574 cr1.7%2.0%0.0x
2020-08125.0x₹1574 cr1.7%2.0%0.0x
2020-07115.1x₹1574 cr1.7%2.0%0.0x
2020-06109.7x₹1574 cr1.7%2.0%0.0x
2020-0514.8x₹2712 cr10.8%18.0%0.0x
2020-0414.1x₹2712 cr10.8%18.0%0.0x
2020-0313.3x₹2712 cr10.8%18.0%0.0x
2020-0218.6x₹2712 cr10.8%18.0%0.0x
2020-0118.8x₹2712 cr10.8%18.0%0.0x
2019-1219.0x₹2712 cr10.8%18.0%0.0x
2019-1120.2x₹2712 cr10.8%18.0%0.0x
2019-1020.6x₹2712 cr10.8%18.0%0.0x
2019-0921.1x₹2712 cr10.8%18.0%0.0x
2019-0821.3x₹2712 cr10.8%18.0%0.0x
2019-0723.3x₹2712 cr10.8%18.0%0.0x
2019-0629.8x₹2712 cr10.8%18.0%0.0x
2019-0528.6x₹2643 cr12.3%18.0%0.0x
2019-0429.5x₹2643 cr12.3%18.0%0.0x
2019-0331.0x₹2643 cr12.3%18.0%0.0x
2019-0229.3x₹2643 cr12.3%18.0%0.0x
2019-0127.4x₹2643 cr12.3%18.0%0.0x

Methodology and data notes

Methodology

Methodology and data notes

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

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

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

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