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SAMVARDHANA MOTHERSON INT LTD (MOTHERSON)

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.52 / 100
Profitability 38Growth 77Balance sheet 42
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.58 / 100
Price 56Earnings 57FII/DII 60

Passes these screensCash Rich

Compare withBOSCHCUMMINS INDIAUNO Minda

Share price

Closing priceAdjusted for splits and bonus issues.

₹161.91 latest close · +10.7% over the last 90 sessions

₹140₹150₹160₹170Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹140₹150₹160₹170Jul 3Sep 4Nov 9

₹161.91 month-end · +39.2% over 12 months

₹100₹120₹140₹160Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹100₹120₹140₹160Nov '25May '26Nov '26

₹161.91 month-end · +163.8% over 3 years

₹100₹150Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹100₹150Nov '23May '25Nov '26

₹161.91 month-end · +189.5% since Jan '19

₹50₹100₹150Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹50₹100₹150Jan '19Dec '22Nov '26

52-week range ₹101.08 to ₹173.27 · 1-year volatility 35.0%

Was the rally earned?

+39%share price, 1 yearEarnings-driven

Mostly yes.

  • Per-share earnings added 33 points to the rise, while the multiple moved less (P/E 37.0x to 39.0x).
  • The share count fell 8%.
Net profit growth: +23 pts. Points of the price return explained by net profit growing (or shrinking).+23 ptsNet profit growthP/E change: +6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+6 ptsP/E changeShare count change: +10 pts. Points of the price return explained by the share count changing. More shares count against the price.+10 ptsShare count changeShare price: +39%+39%Share priceNet profit growth: +23 pts. Points of the price return explained by net profit growing (or shrinking).+23ProfitP/E change: +6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+6P/EShare count change: +10 pts. Points of the price return explained by the share count changing. More shares count against the price.+10SharesShare price: +39%+39%Share price
Net profit growth+23 ptsNet profit rose about 21%, which lifts the price.
P/E change+6 ptsThe P/E rose from 37.0x to 39.0x, which lifts the price.
Share count change+10 ptsShare count fell 8%, which lifts the price.
+164%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 175 points, but investors now pay less per rupee of profit (P/E 41.7x to 39.0x), which took 11 points back.
  • The share count fell 6%.
Net profit growth: +165 pts. Points of the price return explained by net profit growing (or shrinking).+165 ptsNet profit growthP/E change: −11 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−11 ptsP/E changeShare count change: +10 pts. Points of the price return explained by the share count changing. More shares count against the price.+10 ptsShare count changeShare price: +164%+164%Share priceNet profit growth: +165 pts. Points of the price return explained by net profit growing (or shrinking).+165ProfitP/E change: −11 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−11P/EShare count change: +10 pts. Points of the price return explained by the share count changing. More shares count against the price.+10SharesShare price: +164%+164%Share price
Net profit growth+165 ptsNet profit rose about 166%, which lifts the price.
P/E change-11 ptsThe P/E fell from 41.7x to 39.0x, which lowers the price.
Share count change+10 ptsShare count fell 6%, which lifts the price.
+94%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 148 points, but investors now pay less per rupee of profit (P/E 57.1x to 39.0x), which took 54 points back.
  • The share count barely moved.
Net profit growth: +148 pts. Points of the price return explained by net profit growing (or shrinking).+148 ptsNet profit growthP/E change: −54 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−54 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: +94%+94%Share priceNet profit growth: +148 pts. Points of the price return explained by net profit growing (or shrinking).+148ProfitP/E change: −54 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−54P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +94%+94%Share price
Net profit growth+148 ptsNet profit rose about 183%, which lifts the price.
P/E change-54 ptsThe P/E fell from 57.1x to 39.0x, 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 BOSCH

How rough has the ride been?

Maximum drawdown-69.0%recovered 2021-02
1-year volatility35.0%annualised
Beta vs sector index1.093-year daily, correlation 0.64
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−68.2% 0%−20%−40%−60%2020202220242026−68.2%
Largest drawdowns

-69.0% (2019-03 peak to 2020-03 low, recovered 2021-02)

-61.3% (2021-06 peak to 2022-10 low, recovered 2024-06)

-47.5% (2024-09 peak to 2025-04 low, recovered 2026-05)

Most recent volume spikes

2026-11-06: 5.4x the 50-day median, price -5.6% that day

2026-11-05: 5.6x the 50-day median, price +5.3% that day

2026-08-07: 7x the 50-day median, price +8.7% 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?

39.0xP/E todayWithin its usual range
Against its own history46th percentile
CheapestMedian 39.8xDearest

Usual range 21.5x to 60.8x since 2019-01.

Against Producer Manufacturing39.0x vs 29.6x
This company
39.0x
Sector median
29.6x

32% above the Producer Manufacturing median.

10.6x29.9x49.2x68.6xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x29.9x49.2x68.6xJan '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

  • ROCE41stflat vs a year ago
  • Op. margin35th▲ 8 pts vs a year ago
  • Revenue growth49th▼ 3 pts vs a year ago
  • EPS growth72nd▲ 22 pts vs a year ago
  • Debt/equity ↓32ndflat vs a year ago
  • Cash cycle ↓97thflat vs a year ago
  • P/E ↓34th▼ 10 pts vs a year ago
  • 12M momentum83rd▲ 9 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?

~28%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 63.0x, a holder earning 12%/yr needs earnings to grow about 28.3%/yr for 10 years, then trade at 15x.

Delivered5.8%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+22.6 ptsimplied minus delivered
Rank111thmost demanding of 856

Over time

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

-6%13%33% Jan 2019Nov 2026 -6%13%33% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x29.9%31.1%32.2%
15x27.2%28.3%29.5%
20x23.7%24.8%26.0%

Drag a slider to test other assumptions

Implied: 28.3%/yr

Looking back

  • Jan 2020Price implied 16%/yr; EPS has since grown 7%/yr (7.0 yrs)
  • Jan 2021Price implied 15%/yr; EPS has since grown 14%/yr (6.0 yrs)
  • Jan 2022Price implied 24%/yr; EPS has since grown 20%/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
₹161.91
P/E
39.0x
ROCE
13.0%
Market Cap
₹1.73L cr
Revenue (TTM)
₹1.31L cr
P/S
1.3x
P/B
4.2x
ROE
10.8%
Operating Margin
9.0%
Debt / Equity
0.5x
Promoter Holding
48.6%
12M Momentum
39.2%

52-week range

₹101.08₹173.27
84% of the way from its 52-week low to its high

Price risk

1Y volatility
35.0%
Beta vs sector
1-year daily
1.16

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.23x
Share count, 1Y
-0.1%

Are profits backed by cash?

7 of 7checks within rangeAll clear
Other income reliance11%Within range

Other income as a share of pre-tax profit (trailing twelve months): 10.6%. 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 conversion2.23xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.23x (cash from operations ₹25,139 cr, net profit ₹11,252 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+2 daysWithin range

Debtor days are above the median of the previous three fiscal years by 2 days (58 vs 56). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress11% of fixed assetsWithin range

Capital work-in-progress is 11% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable 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 2 years, promoters trimmed 16.2 pts; DIIs added 5.3 pts; FIIs added 2.1 pts.
  • The number of shareholders rose from 10.3 lakh to 11.9 lakh (+15%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters64.8%48.6%-16.2 pts
FIIs10.8%12.9%+2.1 pts
DIIs15.3%20.6%+5.3 pts
Public and others9.1%17.7%+8.6 pts

Number of shareholders

11.9 lakhshareholders+15% since Dec '23
10.3L11.4L12.4L13.4L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 10.3 lakh
Mar '24: 10.4 lakh
Jun '24: 10.8 lakh
Sep '24: 12.2 lakh
Dec '24: 12.6 lakh
Mar '25: 13.1 lakh
Jun '25: 13.0 lakh
Sep '25: 13.4 lakh
Dec '25: 12.6 lakh
Mar '26: 12.2 lakh
Jun '26: 11.9 lakh
 10.3L11.4L12.4L13.4L Dec '23Dec '24Dec '25Jun '26
Dec '23: 10.3 lakh
Mar '24: 10.4 lakh
Jun '24: 10.8 lakh
Sep '24: 12.2 lakh
Dec '24: 12.6 lakh
Mar '25: 13.1 lakh
Jun '25: 13.0 lakh
Sep '25: 13.4 lakh
Dec '25: 12.6 lakh
Mar '26: 12.2 lakh
Jun '26: 11.9 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−7.3%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like SAMVARDHANA MOTHERSON INT 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 −23% to +6% vs the market, against −4% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −2.9%, 80% range −9.7% to −1.6%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

−50%0%+50%+100%
SIS · Feb 2020: −42.6% vs market
KEC · Dec 2024: −41.7% vs market
VTL · Feb 2022: −39.0% vs market
ASTERDM · Feb 2020: −35.2% vs market
CROMPTON · Mar 2025: −35.1% vs market
DALBHARAT · Aug 2021: −34.8% vs market
SAIL · Apr 2021: −34.6% vs market
EXIDEIND · Jun 2024: −32.7% vs market
TATASTEEL · Aug 2021: −30.9% vs market
MEDPLUS · Jul 2025: −28.1% vs market
DCMSHRIRAM · Oct 2025: −27.9% vs market
GODREJAGRO · Apr 2025: −27.4% vs market
RELIANCE · Jun 2020: −24.2% vs market
HINDALCO · Sep 2021: −20.2% vs market
CEATLTD · Oct 2025: −19.1% vs market
CYIENT · Jun 2023: −16.4% vs market
FSL · Dec 2024: −15.4% vs market
TATAPOWER · May 2024: −14.4% vs market
TATACHEM · Aug 2022: −14.2% vs market
APOLLOTYRE · Jul 2023: −13.0% vs market
JINDALSTEL · May 2024: −12.2% vs market
KALYANKJIL · Aug 2024: −11.1% vs market
KPIL · May 2024: −9.3% vs market
TORNTPOWER · Feb 2020: −7.4% vs market
UNOMINDA · Oct 2025: −7.4% vs market
GRASIM · Mar 2021: −7.1% vs market
BALRAMCHIN · Mar 2025: −6.7% vs market
ZYDUSLIFE · Aug 2020: −6.3% vs market
JKCEMENT · Mar 2023: −6.2% vs market
JSL · Oct 2025: −5.5% vs market
BAJAJELEC · Aug 2021: −5.3% vs market
JUBLPHARMA · Sep 2025: −5.2% vs market
LT · Jun 2023: −2.2% vs market
SHYAMMETL · Jul 2025: −0.8% vs market
M&M · Feb 2023: +1.9% vs market
AUROPHARMA · Dec 2023: +4.7% vs market
INDUSTOWER · May 2024: +5.0% vs market
MRF · Mar 2023: +6.8% vs market
MINDACORP · Oct 2025: +18.6% vs market
JSWENERGY · Jun 2021: +23.9% vs market
GLENMARK · Jun 2025: +25.4% vs market
APLAPOLLO · Oct 2025: +27.7% vs market
VARROC · Oct 2025: +32.4% vs market
BLUESTARCO · Jan 2023: +33.3% vs market
JSWSTEEL · Oct 2020: +35.6% vs market
PRESTIGE · Oct 2023: +53.4% vs market
ORCHPHARMA · Jun 2023: +55.5% vs market
SRF · Aug 2020: +57.1% vs market
BHEL · Jul 2023: +105.4% vs market
ADANIENT · Nov 2020: +195.9% vs market
Similar setups −7.3%All companies −4.4%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
−7.3%
All companies' median
−4.4%
Beat the market
32% vs 45%

50 past situations · 50 companies · 29 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ADANIENT
Distribution Services		 Nov 2020 42x9% +85%−3% +196%
RELIANCE
Energy Minerals		 Jun 2020 28x11% +36%−3% −24%
JINDALSTEL
Non-Energy Minerals		 May 2024 33x14% +99%−5% −12%
HINDALCO
Non-Energy Minerals		 Sep 2021 32x9% +178%−1% −20%
APOLLOTYRE
Consumer Durables		 Jul 2023 26x10% +97%0% −13%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
INDUSTOWER
Communications		 May 2024 44x11% +126%−3% +5%
CEATLTD
Consumer Durables		 Oct 2025 38x15% +44%−6% −19%
GODREJAGRO
Process Industries		 Apr 2025 36x14% +42%−11% −27%
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, drawdown from 12-month high and ROCE. 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 SAMVARDHANA MOTHERSON INT 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.

JK CEMENTJKCEMENT
Non-Energy Minerals
69%similar
P/Epromoter holding
CEATCEATLTD
Consumer Durables
64%similar
promoter holdingEPS growth
KALPATARU PROJECTS INTL.KPIL
Industrial Services
64%similar
operating marginrevenue growth
MEDPLUS HEALTH SERVICESMEDPLUS
Retail Trade
64%similar
ROCErevenue growth
GODREJ PROPERTIESGODREJPROP
Finance
63%similar
EPS growthvolatility
BHARAT HEAVY ELECTRICALSBHEL
Producer Manufacturing
71%similar
market caprevenue
VOLTASVOLTAS
Producer Manufacturing
62%similar
EPS growthvolatility
MINDA CORPORATIONMINDACORP
Producer Manufacturing
60%similar
ROCEdebt/equity

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

What changed?

30 events since Oct '22

  1. NovPriceVolume reached 5.6x its 50-day median on 2026-11-05; price +5.3% that day.
  2. SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  3. AugPriceVolume reached 7.0x its 50-day median on 2026-08-07; price +8.7% that day.
  4. JunResultsYear-on-year EPS growth turned positive.
  5. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  6. MayPriceRegained the 2024-09 peak, 13 months after the low.
  7. MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  8. DecResultsYear-on-year EPS growth turned negative.
Show 22 earlier events
  1. SepPromoterPromoter holding fell 9.5 pts to 48.6% (largest drop in the history since 2019-01).
  2. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  3. JulPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  4. AprPriceFell 48% from the Sep 2024 peak to the Apr 2025 low.
  5. DecPromoterPromoter holding fell 2.2 pts to 58.1% (largest drop since 2024-06).
  6. SepPriceVolume reached 6.9x its 50-day median on 2024-09-18; price +4.7% that day.
  7. JunPromoterPromoter holding fell 4.4 pts to 60.4%.
  8. JunResultsRevenue (TTM) reached a new high of ₹98,638 cr.
  9. JunPriceRegained the 2021-06 peak, 20 months after the low.
  10. JunInstitutionsFII + DII holding rose 4.5 pts over 1 quarter to 30.6%.
  11. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
  12. MayValuationP/E crossed above the 90th percentile of its own history to date (68.6x).
  13. MayPriceVolume reached 8.8x its 50-day median on 2024-05-30; price +2.7% that day.
  14. MarPriceVolume reached 26.6x its 50-day median on 2024-03-06; price -3.7% that day.
  15. FebPeer rankSlipped to the bottom quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  16. DecPriceVolume reached 7.1x its 50-day median on 2023-12-29; price +4.4% that day.
  17. JulPriceVolume reached 5.5x its 50-day median on 2023-07-05; price +6.0% that day.
  18. JunResultsYear-on-year EPS growth turned positive.
  19. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
  20. MarPriceVolume reached 47.6x its 50-day median on 2023-03-16; price -10.8% that day.
  21. FebValuationP/E crossed above the 90th percentile of its own history to date (61.7x).
  22. OctPriceFell 61% from the Jun 2021 peak to the Oct 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
2026-1139.0x₹1.31L cr10.8%13.0%0.5x
2026-1037.7x₹1.31L cr11.1%13.0%0.5x
2026-0939.3x₹1.31L cr11.1%13.0%0.5x
2026-0846.8x₹1.26L cr10.0%13.0%0.5x
2026-0741.3x₹1.26L cr10.0%13.0%0.5x
2026-0640.6x₹1.26L cr10.0%13.0%0.5x
2026-0545.1x₹1.21L cr10.4%14.0%0.5x
2026-0437.5x₹1.21L cr10.4%14.0%0.5x
2026-0332.5x₹1.21L cr10.4%14.0%0.5x
2026-0243.2x₹1.17L cr10.2%14.0%0.5x
2026-0136.5x₹1.17L cr10.2%14.0%0.5x
2025-1238.8x₹1.17L cr10.2%14.0%0.5x
2025-1137.0x₹1.15L cr10.5%14.0%0.5x
2025-1033.6x₹1.15L cr10.5%14.0%0.5x
2025-0933.6x₹1.15L cr10.5%14.0%0.5x
2025-0825.5x₹1.14L cr11.9%14.0%0.5x
2025-0726.7x₹1.14L cr11.9%14.0%0.5x
2025-0628.4x₹1.14L cr11.9%14.0%0.5x
2025-0525.6x₹1.11L cr17.1%14.0%0.8x
2025-0422.3x₹1.11L cr17.1%14.0%0.8x
2025-0321.9x₹1.11L cr17.1%14.0%0.8x
2025-0221.4x₹1.09L cr15.8%14.0%0.8x
2025-0125.5x₹1.09L cr15.8%14.0%0.8x
2024-1228.2x₹1.09L cr15.8%14.0%0.8x
2024-1135.4x₹1.05L cr13.3%14.0%0.8x
2024-1039.4x₹1.05L cr13.3%14.0%0.8x
2024-0946.1x₹1.05L cr13.3%14.0%0.8x
2024-0848.8x₹98638 cr11.5%14.0%0.8x
2024-0749.1x₹98638 cr11.5%14.0%0.8x
2024-0647.5x₹98638 cr11.5%14.0%0.8x
2024-0568.6x₹78701 cr7.4%9.0%0.6x
2024-0459.5x₹78701 cr7.4%9.0%0.6x
2024-0353.1x₹78701 cr7.4%9.0%0.6x
2024-0254.1x₹78701 cr7.4%9.0%0.6x
2024-0151.4x₹78701 cr7.4%9.0%0.6x
2023-1246.2x₹78701 cr7.4%9.0%0.6x
2023-1141.7x₹78701 cr7.4%9.0%0.6x
2023-1041.7x₹78701 cr7.4%9.0%0.6x
2023-0943.5x₹78701 cr7.4%9.0%0.6x
2023-0843.4x₹78701 cr7.4%9.0%0.6x
2023-0744.6x₹78701 cr7.4%9.0%0.6x
2023-0638.9x₹78701 cr7.4%9.0%0.6x
2023-0561.3x₹63536 cr5.7%6.0%0.7x
2023-0456.9x₹63536 cr5.7%6.0%0.7x
2023-0352.0x₹63536 cr5.7%6.0%0.7x
2023-0261.7x₹63536 cr5.7%6.0%0.7x
2023-0158.5x₹63536 cr5.7%6.0%0.7x
2022-1257.5x₹63536 cr5.7%6.0%0.7x
2022-1157.9x₹63536 cr5.7%6.0%0.7x
2022-1050.0x₹63536 cr5.7%6.0%0.7x
2022-0956.3x₹63536 cr5.7%6.0%0.7x
2022-0863.5x₹63536 cr5.7%6.0%0.7x
2022-0765.8x₹63536 cr5.7%6.0%0.7x
2022-0661.0x₹63536 cr5.7%6.0%0.7x
2022-0539.8x₹57370 cr12.5%6.0%0.9x
2022-0441.9x₹57370 cr12.5%6.0%0.9x
2022-0342.4x₹57370 cr12.5%6.0%0.9x
2022-0245.8x₹57370 cr12.5%6.0%0.9x
2022-0154.6x₹57370 cr12.5%6.0%0.9x
2021-1260.8x₹57370 cr12.5%6.0%0.9x

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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