अApnaFunda
Menu

LUMAX AUTO TECHNOLOGIES LTD (LUMAXTECH)

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.58 / 100
Profitability 68Growth 92Balance sheet 12
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.86 / 100
Price 95Earnings 77FII/DII 87

Passes these screensHigh MomentumConsistent compoundersNear 52-week high

Compare withSAMVARDHANA MOTHERSON INTBOSCHCUMMINS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹2,226.7 latest close · +46.1% over the last 90 sessions

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

₹2,226.7 month-end · +44.9% over 12 months

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

₹2,226.7 month-end · +471.7% over 3 years

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

₹2,226.7 month-end · +1367.3% 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 ₹1131.40 to ₹2503.00 · 1-year volatility 52.6%

Was the rally earned?

+45%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 66 points, but investors now pay less per rupee of profit (P/E 55.8x to 46.8x), which took 21 points back.
  • The share count fell 10%.
Net profit growth: +54 pts. Points of the price return explained by net profit growing (or shrinking).+54 ptsNet profit growthP/E change: −21 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−21 ptsP/E changeShare count change: +13 pts. Points of the price return explained by the share count changing. More shares count against the price.+13 ptsShare count changeShare price: +45%+45%Share priceNet profit growth: +54 pts. Points of the price return explained by net profit growing (or shrinking).+54ProfitP/E change: −21 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−21P/EShare count change: +13 pts. Points of the price return explained by the share count changing. More shares count against the price.+13SharesShare price: +45%+45%Share price
Net profit growth+54 ptsNet profit rose about 56%, which lifts the price.
P/E change-21 ptsThe P/E fell from 55.8x to 46.8x, which lowers the price.
Share count change+13 ptsShare count fell 10%, which lifts the price.
+472%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 338 points to the rise, while the multiple moved less (P/E 28.6x to 46.8x).
  • The share count fell 3%.
Net profit growth: +331 pts. Points of the price return explained by net profit growing (or shrinking).+331 ptsNet profit growthP/E change: +134 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+134 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: +472%+472%Share priceNet profit growth: +331 pts. Points of the price return explained by net profit growing (or shrinking).+331ProfitP/E change: +134 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+134P/EShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7SharesShare price: +472%+472%Share price
Net profit growth+331 ptsNet profit rose about 240%, which lifts the price.
P/E change+134 ptsThe P/E rose from 28.6x to 46.8x, which lifts the price.
Share count change+7 ptsShare count fell 3%, which lifts the price.
+1473%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 1031 points to the rise, while the multiple moved less (P/E 20.5x to 46.8x).
  • The share count rose 7%.
Net profit growth: +1069 pts. Points of the price return explained by net profit growing (or shrinking).+1069 ptsNet profit growthP/E change: +442 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+442 ptsP/E changeShare count change: −38 pts. Points of the price return explained by the share count changing. More shares count against the price.−38 ptsShare count changeShare price: +1473%+1473%Share priceNet profit growth: +1069 pts. Points of the price return explained by net profit growing (or shrinking).+1069ProfitP/E change: +442 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+442P/EShare count change: −38 pts. Points of the price return explained by the share count changing. More shares count against the price.−38SharesShare price: +1473%+1473%Share price
Net profit growth+1069 ptsNet profit rose about 639%, which lifts the price.
P/E change+442 ptsThe P/E rose from 20.5x to 46.8x, which lifts the price.
Share count change-38 ptsShare count rose 7%, 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-74.0%recovered 2022-01
1-year volatility52.6%annualised
Beta vs sector index1.063-year daily, correlation 0.45
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−74.0% 0%−20%−40%−60%2020202220242026−74.0%
Largest drawdowns

-74.0% (2019-01 peak to 2020-04 low, recovered 2022-01)

-31.5% (2022-09 peak to 2022-12 low, recovered 2023-04)

-29.4% (2025-01 peak to 2025-04 low, recovered 2025-05)

Most recent volume spikes

2026-11-09: 6.6x the 50-day median, price -4.5% that day

2026-08-12: 8.3x the 50-day median, price -1.8% that day

2026-08-11: 44.8x the 50-day median, price +19.5% 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?

46.8xP/E todayNear its historic high
Against its own history95th percentile
CheapestMedian 25.4xDearest

Usual range 10.4x to 44.1x since 2019-01.

Against Producer Manufacturing46.8x vs 29.6x
This company
46.8x
Sector median
29.6x

58% above the Producer Manufacturing median.

5.2x22.3x39.5x56.6xJan '19Aug '20Mar '22Oct '23May '25Nov '265.2x22.3x39.5x56.6xJan '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

  • ROCE72nd▲ 12 pts vs a year ago
  • Op. margin65th▲ 12 pts vs a year ago
  • Revenue growth82nd▼ 4 pts vs a year ago
  • EPS growth86th▲ 6 pts vs a year ago
  • Debt/equity ↓10thflat vs a year ago
  • Cash cycle ↓87thflat vs a year ago
  • P/E ↓27th▲ 5 pts vs a year ago
  • 12M momentum85th▼ 14 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?

~34%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 96.8x, a holder earning 12%/yr needs earnings to grow about 33.7%/yr for 10 years, then trade at 15x.

Delivered23.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+10.1 ptsimplied minus delivered
Rank321stmost demanding of 856

Over time

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

0%18%36% Jan 2019Nov 2026 0%18%36% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x35.3%36.5%37.7%
15x32.5%33.7%34.9%
20x29.0%30.1%31.3%

Drag a slider to test other assumptions

Implied: 33.7%/yr

Looking back

  • Jan 2020Price implied 11%/yr; EPS has since grown 25%/yr (7.0 yrs)
  • Jan 2021Price implied 12%/yr; EPS has since grown 34%/yr (6.0 yrs)
  • Jan 2022Price implied 16%/yr; EPS has since grown 46%/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
₹2226.70
P/E
46.8x
ROCE
21.0%
Market Cap
₹15174 cr
Revenue (TTM)
₹5208 cr
P/S
2.9x
P/B
12.5x
ROE
26.8%
Operating Margin
14.0%
Debt / Equity
1.0x
Promoter Holding
56.0%
12M Momentum
44.9%

52-week range

₹1131.40₹2503.00
80% of the way from its 52-week low to its high

Price risk

1Y volatility
52.6%
Beta vs sector
1-year daily
1.18

Balance sheet & cash

Interest cover
operating profit ÷ interest
5.3x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.38x
Share count, 1Y
unchanged

Are profits backed by cash?

7 of 7checks within rangeAll clear
Other income reliance8%Within range

Other income as a share of pre-tax profit (trailing twelve months): 7.8%. 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 conversion1.38xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.38x (cash from operations ₹1,015 cr, net profit ₹733 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

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

Receivable days vs history-4 daysWithin range

Debtor days are below the median of the previous three fiscal years by 4 days (76 vs 80). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress4% of fixed assetsWithin range

Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+3 days / 2 yrsWithin range

Days payable changed by +3 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, DIIs added 9.8 pts; FIIs trimmed 9.3 pts.
  • The number of shareholders rose from 27,140 to 64,759 (+139%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters56.0%56.0%0.0 pts
FIIs18.0%8.7%-9.3 pts
DIIs6.8%16.5%+9.8 pts
Public and others19.3%18.8%-0.5 pts

Number of shareholders

64,759shareholders+139% since Sep '23
27k39k52k65k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 27,140
Dec '23: 26,561
Mar '24: 29,662
Jun '24: 34,704
Sep '24: 41,124
Dec '24: 42,799
Mar '25: 43,692
Jun '25: 42,978
Sep '25: 48,760
Dec '25: 51,736
Mar '26: 58,405
Jun '26: 64,759
 27k39k52k65k Sep '23Sep '24Sep '25Jun '26
Sep '23: 27,140
Dec '23: 26,561
Mar '24: 29,662
Jun '24: 34,704
Sep '24: 41,124
Dec '24: 42,799
Mar '25: 43,692
Jun '25: 42,978
Sep '25: 48,760
Dec '25: 51,736
Mar '26: 58,405
Jun '26: 64,759

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

−16.6%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like LUMAX AUTO TECHNOLOGIES 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 −24% to +11% vs the market, against −6% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −10.4%, 80% range −15.1% to −5.9%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
WELSPUNLIV · Sep 2021: −56.6% vs market
HIKAL · Jun 2021: −51.3% vs market
SIS · Mar 2020: −49.6% vs market
SENCO · Sep 2024: −48.0% vs market
CAMLINFINE · Jun 2021: −42.3% vs market
FSL · Jun 2025: −37.8% vs market
GLENMARK · Sep 2020: −35.4% vs market
KEI · Jan 2020: −31.2% vs market
DYCL · Nov 2024: −31.1% vs market
CARYSIL · Mar 2022: −30.8% vs market
PCBL · Sep 2024: −29.9% vs market
KDDL · Nov 2023: −26.8% vs market
VISHNU · Aug 2022: −24.0% vs market
STEELXIND · Dec 2021: −23.7% vs market
GRAVITA · Aug 2024: −22.9% vs market
AMBER · Oct 2025: −22.9% vs market
ARTEMISMED · Mar 2025: −22.8% vs market
GREENPANEL · Dec 2021: −22.5% vs market
HINDWAREAP · Oct 2021: −21.6% vs market
REDTAPE · Sep 2024: −20.4% vs market
CANTABIL · Jun 2022: −19.9% vs market
HFCL · Jun 2021: −18.3% vs market
JINDWORLD · Nov 2022: −18.2% vs market
POWERMECH · Jun 2025: −17.8% vs market
CRAFTSMAN · Aug 2023: −16.6% vs market
PITTIENG · Jul 2024: −16.6% vs market
RAMASTEEL · Dec 2022: −14.9% vs market
ASAHIINDIA · Sep 2022: −14.8% vs market
RKFORGE · Feb 2024: −13.6% vs market
PGEL · Oct 2024: −12.6% vs market
RAINBOW · May 2023: −8.4% vs market
VADILALIND · Feb 2023: −7.3% vs market
RVNL · Jun 2024: −6.5% vs market
VRLLOG · Jun 2022: −5.1% vs market
UNOMINDA · Jan 2020: −2.2% vs market
RAJRATAN · May 2022: +0.8% vs market
HIRECT · Oct 2025: +8.8% vs market
BETA · Aug 2025: +12.0% vs market
PRIVISCL · Oct 2025: +17.1% vs market
CCL · Sep 2025: +19.9% vs market
ELGIEQUIP · Jun 2022: +25.8% vs market
APLAPOLLO · Feb 2021: +32.1% vs market
CEMPRO · Jun 2025: +38.7% vs market
ABDL · Sep 2025: +40.8% vs market
JBMA · Apr 2023: +60.6% vs market
MBAPL · Jul 2025: +70.5% vs market
SYRMA · Jul 2025: +71.6% vs market
AXISCADES · Mar 2025: +74.4% vs market
THANGAMAYL · Apr 2025: +76.9% vs market
KALYANKJIL · Dec 2023: +84.1% vs market
Similar setups −16.6%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

Similar setups' median
−16.6%
All companies' median
−6.2%
Beat the market
30% vs 43%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JINDWORLD
Process Industries		 Nov 2022 66x19% +93%−5% −18%
RKFORGE
Producer Manufacturing		 Feb 2024 50x19% +203%−2% −14%
JBMA
Producer Manufacturing		 Apr 2023 61x14% +58%−4% +61%
ASAHIINDIA
Consumer Durables		 Sep 2022 45x21% +75%−8% −15%
FSL
Commercial Services		 Jun 2025 44x15% +78%−8% −38%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
HIRECT
Producer Manufacturing		 Oct 2025 74x22% +60%−9% +9%
HIKAL
Health Technology		 Jun 2021 45x16% +292%−2% −51%
GRAVITA
Non-Energy Minerals		 Aug 2024 66x28% +191%−4% −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, 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 LUMAX AUTO TECHNOLOGIES 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.

SKY GOLD AND DIAMONDSSKYGOLD
Consumer Durables
75%similar
market capP/E
PEARL GLOBAL INDUSTRIESPGIL
Consumer Non-Durables
72%similar
revenueROCE
V2 RETAILV2RETAIL
Retail Trade
71%similar
operating margindebt/equity
THANGAMAYIL JEWELLERYTHANGAMAYL
Consumer Durables
66%similar
revenue growthmarket cap
KALYAN JEWELLERS INDIAKALYANKJIL
Retail Trade
65%similar
ROCErevenue growth
TRANSFORMERS AND RECTIFIERS (ITARIL
Producer Manufacturing
62%similar
ROCEEPS growth
KIRLOSKAR OIL ENGINESKIRLOSENG
Producer Manufacturing
58%similar
P/Eoperating margin
SKIPPERSKIPPER
Producer Manufacturing
58%similar
revenue growthrevenue

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

What changed?

30 events since Feb '23

  1. NovPriceVolume reached 6.6x its 50-day median on 2026-11-09; price -4.5% that day.
  2. AugValuationP/E crossed above the 90th percentile of its own history to date (50.8x).
  3. AugPriceVolume reached 44.8x its 50-day median on 2026-08-11; price +19.5% that day.
  4. JunDebtDebt / equity rose above 1.0x (1.02x).
  5. FebPriceVolume reached 7.7x its 50-day median on 2026-02-12; price +3.0% that day.
  6. NovPriceVolume reached 16.7x its 50-day median on 2025-11-10; price +15.5% that day.
  7. SepPriceVolume reached 10.3x its 50-day median on 2025-09-24; price +7.0% that day.
  8. JunDebtDebt / equity fell below 1.0x (0.96x).
Show 22 earlier events
  1. MayPriceRegained the 2025-01 peak, 1 month after the low.
  2. MayValuationP/E crossed above the 90th percentile of its own history to date (33.8x).
  3. MayPriceVolume reached 40.9x its 50-day median on 2025-05-30; price +16.5% that day.
  4. AprPriceFell 29% from the Jan 2025 peak to the Apr 2025 low.
  5. JanPriceVolume reached 5.5x its 50-day median on 2025-01-02; price +3.7% that day.
  6. DecPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  7. DecPriceVolume reached 9.3x its 50-day median on 2024-12-16; price +4.2% that day.
  8. SepPriceVolume reached 10.7x its 50-day median on 2024-09-16; price +9.5% that day.
  9. JunResultsRevenue (TTM) reached a new high of ₹2,822 cr.
  10. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  11. JunPriceVolume reached 6.7x its 50-day median on 2024-06-26; price +6.4% that day.
  12. FebPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  13. FebPriceVolume reached 37.7x its 50-day median on 2024-02-29; price +7.0% that day.
  14. NovValuationP/E crossed above the 90th percentile of its own history to date (28.6x).
  15. NovPriceVolume reached 9.8x its 50-day median on 2023-11-23; price +3.0% that day.
  16. AugPriceVolume reached 6.6x its 50-day median on 2023-08-08; price +4.4% that day.
  17. JulValuationP/E crossed above the 90th percentile of its own history to date (27.5x).
  18. JunResultsRevenue (TTM) reached a new high of ₹1,847 cr.
  19. JunDebtDebt / equity rose above 1.0x (1.00x).
  20. JunPriceVolume reached 17.2x its 50-day median on 2023-06-02; price +12.6% that day.
  21. AprPriceRegained the 2022-09 peak, 4 months after the low.
  22. FebPriceVolume reached 36.6x its 50-day median on 2023-02-21; price +9.3% 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
2026-1146.8x₹5208 cr26.8%21.0%1.0x
2026-1042.5x₹5208 cr27.2%21.0%1.0x
2026-0943.7x₹5208 cr27.2%21.0%1.0x
2026-0850.8x₹4870 cr24.0%21.0%1.0x
2026-0738.3x₹4870 cr24.0%21.0%1.0x
2026-0637.5x₹4870 cr24.0%21.0%1.0x
2026-0547.2x₹4586 cr29.4%19.0%1.0x
2026-0444.3x₹4586 cr29.4%19.0%1.0x
2026-0341.6x₹4586 cr29.4%19.0%1.0x
2026-0256.6x₹4221 cr24.6%19.0%1.0x
2026-0143.4x₹4221 cr24.6%19.0%1.0x
2025-1249.8x₹4221 cr24.6%19.0%1.0x
2025-1155.8x₹3907 cr22.2%19.0%1.0x
2025-1041.0x₹3907 cr22.2%19.0%1.0x
2025-0945.4x₹3907 cr22.2%19.0%1.0x
2025-0845.0x₹3637 cr21.1%19.0%1.0x
2025-0742.2x₹3637 cr21.1%19.0%1.0x
2025-0645.1x₹3637 cr21.1%19.0%1.0x
2025-0533.8x₹3261 cr21.9%18.0%1.0x
2025-0421.7x₹3261 cr21.9%18.0%1.0x
2025-0322.5x₹3261 cr21.9%18.0%1.0x
2025-0222.0x₹3087 cr21.0%18.0%1.0x
2025-0123.8x₹3087 cr21.0%18.0%1.0x
2024-1228.3x₹3087 cr21.0%18.0%1.0x
2024-1125.4x₹2945 cr19.5%18.0%1.0x
2024-1025.4x₹2945 cr19.5%18.0%1.0x
2024-0927.4x₹2945 cr19.5%18.0%1.0x
2024-0827.6x₹2822 cr18.2%18.0%1.0x
2024-0729.5x₹2822 cr18.2%18.0%1.0x
2024-0630.5x₹2822 cr18.2%18.0%1.0x
2024-0535.6x₹1847 cr14.4%15.0%1.0x
2024-0435.1x₹1847 cr14.4%15.0%1.0x
2024-0335.5x₹1847 cr14.4%15.0%1.0x
2024-0235.3x₹1847 cr14.4%15.0%1.0x
2024-0128.6x₹1847 cr14.4%15.0%1.0x
2023-1228.3x₹1847 cr14.4%15.0%1.0x
2023-1128.6x₹1847 cr14.4%15.0%1.0x
2023-1025.9x₹1847 cr14.4%15.0%1.0x
2023-0926.6x₹1847 cr14.4%15.0%1.0x
2023-0827.4x₹1847 cr14.4%15.0%1.0x
2023-0727.5x₹1847 cr14.4%15.0%1.0x
2023-0625.9x₹1847 cr14.4%15.0%1.0x
2023-0529.3x₹1508 cr13.0%17.0%0.3x
2023-0430.7x₹1508 cr13.0%17.0%0.3x
2023-0326.4x₹1508 cr13.0%17.0%0.3x
2023-0226.1x₹1508 cr13.0%17.0%0.3x
2023-0122.1x₹1508 cr13.0%17.0%0.3x
2022-1223.5x₹1508 cr13.0%17.0%0.3x
2022-1125.7x₹1508 cr13.0%17.0%0.3x
2022-1024.1x₹1508 cr13.0%17.0%0.3x
2022-0927.6x₹1508 cr13.0%17.0%0.3x
2022-0827.2x₹1508 cr13.0%17.0%0.3x
2022-0725.4x₹1508 cr13.0%17.0%0.3x
2022-0617.7x₹1508 cr13.0%17.0%0.3x
2022-0524.8x₹1108 cr8.3%13.0%0.2x
2022-0426.6x₹1108 cr8.3%13.0%0.2x
2022-0324.2x₹1108 cr8.3%13.0%0.2x
2022-0223.6x₹1108 cr8.3%13.0%0.2x
2022-0127.8x₹1108 cr8.3%13.0%0.2x
2021-1222.6x₹1108 cr8.3%13.0%0.2x

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.

Feedback