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MODISON LIMITED (MODISONLTD)

Producer Manufacturing · Electrical Products · figures to Nov '26

Earnings #14
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.71 / 100
Profitability 87Growth 96Balance sheet 30
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 91Earnings 97FII/DII 69

Passes these screensQuality CompounderValue PickHigh MomentumConsistent compounders

Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹355.2 latest close · +18.5% over the last 90 sessions

₹300₹400₹500Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹300₹400₹500Jul 3Sep 4Nov 9

₹355.2 month-end · +150.8% over 12 months

₹200₹400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹200₹400Nov '25May '26Nov '26

₹355.2 month-end · +215.0% over 3 years

₹200₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹400Nov '23May '25Nov '26

₹355.2 month-end · +460.3% since May '21

₹200₹400May '21Jun '22Jul '23Sep '24Oct '25Nov '26 ₹200₹400May '21Feb '24Nov '26

52-week range ₹114.00 to ₹546.00 · 1-year volatility 59.4%

Was the rally earned?

+151%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 209 points, but investors now pay less per rupee of profit (P/E 16.2x to 11.4x), which took 59 points back.
  • The share count fell 4%.
Net profit growth: +204 pts. Points of the price return explained by net profit growing (or shrinking).+204 ptsNet profit growthP/E change: −59 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−59 ptsP/E changeShare count change: +6 pts. Points of the price return explained by the share count changing. More shares count against the price.+6 ptsShare count changeShare price: +151%+151%Share priceNet profit growth: +204 pts. Points of the price return explained by net profit growing (or shrinking).+204ProfitP/E change: −59 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−59P/EShare count change: +6 pts. Points of the price return explained by the share count changing. More shares count against the price.+6SharesShare price: +151%+151%Share price
Net profit growth+204 ptsNet profit rose about 246%, which lifts the price.
P/E change-59 ptsThe P/E fell from 16.2x to 11.4x, which lowers the price.
Share count change+6 ptsShare count fell 4%, which lifts the price.
+215%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 413 points, but investors now pay less per rupee of profit (P/E 32.7x to 11.4x), which took 198 points back.
  • The share count barely moved.
Net profit growth: +414 pts. Points of the price return explained by net profit growing (or shrinking).+414 ptsNet profit growthP/E change: −198 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−198 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: +215%+215%Share priceNet profit growth: +414 pts. Points of the price return explained by net profit growing (or shrinking).+414ProfitP/E change: −198 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−198P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +215%+215%Share price
Net profit growth+414 ptsNet profit rose about 812%, which lifts the price.
P/E change-198 ptsThe P/E fell from 32.7x to 11.4x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+403%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 376 points to the rise, while the multiple moved less (P/E 10.2x to 11.4x).
  • The share count barely moved.
Net profit growth: +378 pts. Points of the price return explained by net profit growing (or shrinking).+378 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: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: +403%+403%Share priceNet profit growth: +378 pts. Points of the price return explained by net profit growing (or shrinking).+378ProfitP/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: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +403%+403%Share price
Net profit growth+378 ptsNet profit rose about 356%, which lifts the price.
P/E change+27 ptsThe P/E rose from 10.2x to 11.4x, which lifts the price.
Share count change-2 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-49.5%recovered 2023-11
1-year volatility59.4%annualised
Beta vs sector index1.173-year daily, correlation 0.42
Volume spikes7last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%20222023202420252026−46.8% 0%−20%−40%202220242026−46.8%
Largest drawdowns

-49.5% (2021-12 peak to 2022-06 low, recovered 2023-11)

-48.0% (2024-09 peak to 2026-03 low, recovered 2026-05)

-39.2% (2026-10 peak to 2026-11 low, not yet recovered)

Most recent volume spikes

2026-10-27: 7.2x the 50-day median, price +1.8% that day

2026-09-04: 5.6x the 50-day median, price -5.0% that day

2026-09-03: 8x the 50-day median, price -5.0% 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?

11.3xP/E todayNear its historic low
Against its own history16th percentile
CheapestMedian 16.0xDearest

Usual range 10.5x to 33.1x since 2021-05.

Against Producer Manufacturing11.3x vs 29.6x
This company
11.3x
Sector median
29.6x

62% below the Producer Manufacturing median.

8.2x20.8x33.4x46.0xMay '21Jul '22Sep '23Nov '24Jan '26Nov '268.2x20.8x33.4x46.0xMay '21Mar '23Jan '25Nov '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

  • ROCE89th▲ 43 pts vs a year ago
  • Op. margin85th▲ 67 pts vs a year ago
  • Revenue growth94th▲ 27 pts vs a year ago
  • EPS growth97th▲ 9 pts vs a year ago
  • Debt/equity ↓23rd▼ 18 pts vs a year ago
  • Cash cycle ↓20th▼ 8 pts vs a year ago
  • P/E ↓90th▲ 5 pts vs a year ago
  • 12M momentum98th▲ 49 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?

~22%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 39.9x, a holder earning 12%/yr needs earnings to grow about 22.0%/yr for 10 years, then trade at 15x.

Delivered14.2%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+7.7 ptsimplied minus delivered
Rank376thmost demanding of 856

Over time

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

0%13%25% May 2021Nov 2026 0%13%25% May 2021Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x23.4%24.5%25.6%
15x20.9%22.0%23.0%
20x17.7%18.7%19.8%

Drag a slider to test other assumptions

Implied: 22.0%/yr

Looking back

  • Jan 2022Price implied 12%/yr; EPS has since grown 27%/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
₹355.20
P/E
11.4x
ROCE
31.0%
Market Cap
₹1139 cr
Revenue (TTM)
₹846 cr
P/S
1.3x
P/B
4.2x
ROE
36.6%
Operating Margin
19.0%
Debt / Equity
0.6x
Promoter Holding
52.2%
12M Momentum
150.8%

52-week range

₹114.00₹546.00
56% of the way from its 52-week low to its high

Price risk

1Y volatility
59.4%
Beta vs sector
1-year daily
1.09

Balance sheet & cash

Interest cover
operating profit ÷ interest
13.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
-0.71x
low
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range1 beyond a threshold
Other income reliance-1%Within range

Other income as a share of pre-tax profit (trailing twelve months): -1.5%. 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-0.71xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.71x (cash from operations ₹-84 cr, net profit ₹119 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+22 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 22 days (82 vs 60). 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 days0 days / 2 yrsWithin range

Days payable changed by 0 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 0.9 pts.
  • The number of shareholders rose from 14,639 to 21,401 (+46%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters52.1%52.2%+0.1 pts
FIIs0.0%0.9%+0.9 pts
DIIs0.3%0.0%-0.3 pts
Public and others47.6%46.8%-0.8 pts

Number of shareholders

21,401shareholders+46% since Sep '23
15k17k19k22k Sep '23Mar '24Sep '24Mar '25Dec '25Jun '26
Sep '23: 14,639
Dec '23: 18,205
Mar '24: 19,040
Jun '24: 18,380
Sep '24: 21,670
Dec '24: 21,836
Mar '25: 21,267
Jun '25: 21,115
Dec '25: 21,549
Mar '26: 21,079
Jun '26: 21,401
 15k17k19k22k Sep '23Sep '24Dec '25Jun '26
Sep '23: 14,639
Dec '23: 18,205
Mar '24: 19,040
Jun '24: 18,380
Sep '24: 21,670
Dec '24: 21,836
Mar '25: 21,267
Jun '25: 21,115
Dec '25: 21,549
Mar '26: 21,079
Jun '26: 21,401

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

−7.4%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 MODISON 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 −24% to +37% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−2.9%, 80% range −11.0% to +6.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SKMEGGPROD · Oct 2023: −59.8% vs market
KUANTUM · Aug 2023: −48.5% vs market
LAMBODHARA · May 2023: −47.8% vs market
AVPINFRA · Apr 2025: −46.6% vs market
UGARSUGAR · Aug 2023: −45.7% vs market
SJLOGISTIC · Jan 2025: −44.1% vs market
KHAICHEM · Jun 2022: −43.3% vs market
JAIBALAJI · Apr 2024: −42.9% vs market
FOODSIN · Jul 2023: −38.6% vs market
TIRUPATIFL · Jun 2022: −35.0% vs market
SHAKTIPUMP · Sep 2021: −27.2% vs market
ROHLTD · Jun 2023: −24.2% vs market
RADHIKAJWE · Nov 2024: −23.9% vs market
GPIL · Jun 2021: −23.8% vs market
GPTINFRA · Sep 2024: −23.2% vs market
BIRLANU · Jun 2021: −23.1% vs market
ICIL · Jun 2021: −23.0% vs market
EMSLIMITED · Sep 2024: −22.1% vs market
KOPRAN · Jul 2021: −21.9% vs market
DALMIASUG · Sep 2021: −21.6% vs market
BANCOINDIA · Oct 2025: −14.5% vs market
GLOBUSSPR · May 2022: −9.8% vs market
HGINFRA · Nov 2021: −9.2% vs market
SANGAMIND · Jun 2022: −7.8% vs market
ARIHANTCAP · Nov 2022: −7.8% vs market
EKC · Oct 2021: −7.0% vs market
TEMBO · Mar 2025: −6.6% vs market
GEEKAYWIRE · Nov 2023: +0.6% vs market
AGARIND · May 2022: +2.2% vs market
POKARNA · Jun 2025: +2.6% vs market
ASHAPURMIN · Jun 2024: +3.0% vs market
PANAMAPET · Sep 2021: +8.7% vs market
DYCL · Sep 2025: +12.3% vs market
BESTAGRO · Jun 2022: +16.6% vs market
MANINFRA · Jun 2022: +24.8% vs market
KECL · Sep 2023: +28.6% vs market
SHRIPISTON · Aug 2023: +34.7% vs market
ALPEXSOLAR · Mar 2025: +37.6% vs market
PARACABLES · Jun 2023: +42.0% vs market
THEJO · Apr 2021: +53.6% vs market
REFEX · Aug 2023: +56.4% vs market
IIFLCAPS · Jun 2024: +61.9% vs market
GRAVITA · Jun 2022: +74.4% vs market
JASH · Aug 2020: +88.0% vs market
FORCEMOT · Jul 2024: +94.6% vs market
KRISHANA · Sep 2025: +107.6% vs market
RAJRATAN · Dec 2021: +114.7% vs market
BETA · Jun 2021: +125.1% vs market
PRIVISCL · Dec 2020: +153.7% vs market
AURIONPRO · Aug 2023: +158.7% vs market
Similar setups −7.4%All companies −4.5%← 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
−7.4%
All companies' median
−4.5%
Beat the market
46% vs 45%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SKMEGGPROD
Process Industries		 Oct 2023 15x46% +300%−19% −60%
GEEKAYWIRE
Producer Manufacturing		 Nov 2023 16x27% +385%−14% +1%
GPIL
Non-Energy Minerals		 Jun 2021 7x34% +680%−13% −24%
REFEX
Energy Minerals		 Aug 2023 13x— +373%−24% +56%
TEMBO
Producer Manufacturing		 Mar 2025 15x24% +105%−42% −7%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RADHIKAJWE
Retail Trade		 Nov 2024 25x25% +139%−33% −24%
KHAICHEM
Process Industries		 Jun 2022 12x36% +89%−35% −43%
IIFLCAPS
Finance		 Jun 2024 13x35% +246%−8% +62%
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: P/S, size and 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 MODISON 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.

ORIANA POWERORIANA
Industrial Services
71%similar
EPS growthdebt/equity
S J LOGISTICSSJLOGISTIC
Transportation
70%similar
ROCEpromoter holding
MAGELLANIC CLOUDMCLOUD
Technology Services
69%similar
P/Erevenue
DYNACONS SYSTEMS & SOLUTIONSDSSL
Technology Services
68%similar
ROCEmarket cap
SIGNPOST INDIASIGNPOST
Commercial Services
64%similar
market capdebt/equity
TEMBO GLOBAL INDUSTRIESTEMBO
Producer Manufacturing
63%similar
EPS growthP/E
SOLEX ENERGYSOLEX
Producer Manufacturing
60%similar
EPS growthROCE
R M DRIP SPRINKLERS SYSTEMRMDRIP
Producer Manufacturing
47%similar
volatilityROCE

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

What changed?

30 events since Nov '23

  1. NovPriceFell 39% from the Oct 2026 peak to the Nov 2026 low.
  2. OctPriceVolume reached 7.2x its 50-day median on 2026-10-27; price +1.8% that day.
  3. SepPriceVolume reached 11.2x its 50-day median on 2026-09-02; price +4.2% that day.
  4. AugPriceRegained the 2026-06 peak, 1 month after the low.
  5. JulPriceFell 29% from the Jun 2026 peak to the Jul 2026 low.
  6. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  7. MayPriceRegained the 2024-09 peak, 2 months after the low.
  8. MayPriceVolume reached 63.7x its 50-day median on 2026-05-27; price +9.4% that day.
Show 22 earlier events
  1. MarPriceFell 48% from the Sep 2024 peak to the Mar 2026 low.
  2. MarValuationP/E fell below the 10th percentile of its own history to date (8.2x).
  3. FebPriceVolume reached 6.3x its 50-day median on 2026-02-06; price +4.5% that day.
  4. DecPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  5. DecPriceVolume reached 17.9x its 50-day median on 2025-12-29; price +8.3% that day.
  6. SepPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  7. AugPriceVolume reached 25.0x its 50-day median on 2025-08-18; price +2.4% that day.
  8. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  9. JunPriceVolume reached 13.1x its 50-day median on 2025-06-02; price +6.0% that day.
  10. JanPriceVolume reached 6.1x its 50-day median on 2025-01-01; price -2.4% that day.
  11. DecPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  12. DecPriceVolume reached 29.7x its 50-day median on 2024-12-27; price +9.2% that day.
  13. SepPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  14. SepPriceVolume reached 61.4x its 50-day median on 2024-09-17; price +15.7% that day.
  15. JulPriceRegained the 2024-01 peak, 4 months after the low.
  16. JunResultsYear-on-year EPS growth turned positive.
  17. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  18. AprPriceVolume reached 13.7x its 50-day median on 2024-04-03; price +12.0% that day.
  19. MarPriceFell 37% from the Jan 2024 peak to the Mar 2024 low.
  20. JanPriceVolume reached 22.1x its 50-day median on 2024-01-31; price +20.0% that day.
  21. NovPriceRegained the 2021-12 peak, 17 months after the low.
  22. NovPriceVolume reached 38.1x its 50-day median on 2023-11-06; price +12.2% 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 history67 months · 2021-05 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1111.4x₹846 cr36.6%31.0%0.6x
2026-1011.0x₹846 cr36.6%31.0%0.6x
2026-0914.8x₹846 cr37.2%31.0%0.6x
2026-0820.3x₹710 cr26.6%31.0%0.6x
2026-0712.0x₹710 cr26.6%31.0%0.6x
2026-0613.3x₹710 cr26.6%31.0%0.6x
2026-0520.1x₹553 cr21.8%15.0%0.3x
2026-0411.7x₹553 cr21.8%15.0%0.3x
2026-038.2x₹553 cr21.8%15.0%0.3x
2026-0214.0x₹530 cr15.3%15.0%0.3x
2026-0116.0x₹530 cr15.3%15.0%0.3x
2025-1215.8x₹530 cr15.3%15.0%0.3x
2025-1116.2x₹507 cr13.4%15.0%0.3x
2025-1017.4x₹507 cr13.4%15.0%0.3x
2025-0918.5x₹507 cr13.4%15.0%0.3x
2025-0820.5x₹489 cr11.6%15.0%0.3x
2025-0722.0x₹489 cr11.6%15.0%0.3x
2025-0622.5x₹489 cr11.6%15.0%0.3x
2025-0525.3x₹473 cr10.3%12.0%0.2x
2025-0418.8x₹473 cr10.3%12.0%0.2x
2025-0318.7x₹473 cr10.3%12.0%0.2x
2025-0220.3x₹460 cr9.4%12.0%0.2x
2025-0127.3x₹460 cr9.4%12.0%0.2x
2024-1231.5x₹460 cr9.4%12.0%0.2x
2024-1132.3x₹435 cr8.4%12.0%0.2x
2024-1031.5x₹435 cr8.4%12.0%0.2x
2024-0934.5x₹435 cr8.4%12.0%0.2x
2024-0825.3x₹405 cr10.8%12.0%0.2x
2024-0724.4x₹405 cr10.8%12.0%0.2x
2024-0619.1x₹405 cr10.8%12.0%0.2x
2024-0536.3x₹335 cr5.9%10.0%0.0x
2024-0440.5x₹335 cr5.9%10.0%0.0x
2024-0333.7x₹335 cr5.9%10.0%0.0x
2024-0235.0x₹335 cr5.9%10.0%0.0x
2024-0146.0x₹335 cr5.9%10.0%0.0x
2023-1240.4x₹335 cr5.9%10.0%0.0x
2023-1132.7x₹335 cr5.9%10.0%0.0x
2023-1023.9x₹335 cr5.9%10.0%0.0x
2023-0922.4x₹335 cr5.9%10.0%0.0x
2023-0822.5x₹335 cr5.9%10.0%0.0x
2023-0726.8x₹335 cr5.9%10.0%0.0x
2023-0620.5x₹335 cr5.9%10.0%0.0x
2023-0515.3x₹340 cr8.5%14.0%0.1x
2023-0413.8x₹340 cr8.5%14.0%0.1x
2023-0311.9x₹340 cr8.5%14.0%0.1x
2023-0213.8x₹340 cr8.5%14.0%0.1x
2023-0114.6x₹340 cr8.5%14.0%0.1x
2022-1214.6x₹340 cr8.5%14.0%0.1x
2022-1114.1x₹340 cr8.5%14.0%0.1x
2022-1016.1x₹340 cr8.5%14.0%0.1x
2022-0916.0x₹340 cr8.5%14.0%0.1x
2022-0814.7x₹340 cr8.5%14.0%0.1x
2022-0714.6x₹340 cr8.5%14.0%0.1x
2022-0612.4x₹340 cr8.5%14.0%0.1x
2022-059.0x₹292 cr13.4%20.0%0.1x
2022-0410.4x₹292 cr13.4%20.0%0.1x
2022-039.6x₹292 cr13.4%20.0%0.1x
2022-0210.5x₹292 cr13.4%20.0%0.1x
2022-0112.3x₹292 cr13.4%20.0%0.1x
2021-1212.1x₹292 cr13.4%20.0%0.1x
2021-1110.2x₹292 cr13.4%20.0%0.1x
2021-109.7x₹292 cr13.4%20.0%0.1x
2021-0910.3x₹292 cr13.4%20.0%0.1x
2021-0810.7x₹292 cr13.4%20.0%0.1x
2021-0713.1x₹292 cr13.4%20.0%0.1x
2021-0611.5x₹292 cr13.4%20.0%0.1x
2021-0513.6x₹219 cr10.2%—0.2x

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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