Share price
₹748.55 latest close · −15.7% over the last 90 sessions
₹748.55 month-end · −12.5% over 12 months
₹748.55 month-end · +112.5% over 3 years
₹748.55 month-end · +2370.5% since Jul '20
52-week range ₹605.05 to ₹1052.00 · 1-year volatility 41.0%
Was the rally earned?
Earnings helped, the multiple did not.
- Per-share earnings added 15 points, but investors now pay less per rupee of profit (P/E 36.8x to 27.4x), which took 27 points back.
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 125 points, but investors now pay less per rupee of profit (P/E 29.8x to 27.4x), which took 12 points back.
- The share count barely moved.
Mostly yes.
- Per-share earnings added 752 points to the rise, while the multiple moved less (P/E 22.7x to 27.4x).
- The share count fell 5%.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-56.1% (2020-08 peak to 2020-10 low, recovered 2021-06)
-47.9% (2025-07 peak to 2026-03 low, not yet recovered)
-43.4% (2024-09 peak to 2025-03 low, recovered 2025-06)
Most recent volume spikes
2026-11-04: 12.4x the 50-day median, price +4.1% that day
2026-08-10: 14.9x the 50-day median, price +2.3% that day
2026-07-03: 5.6x the 50-day median, price -0.4% 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?
Usual range 17.4x to 42.1x since 2020-07.
7% below the Producer Manufacturing median.
The chart loads when you open this tab.
The chart loads when you open this tab.
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.
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
- ROCE76thflat vs a year ago
- Op. margin45thflat vs a year ago
- Revenue growth60thflat vs a year ago
- EPS growth60th▼ 19 pts vs a year ago
- Debt/equity ↓57th▼ 10 pts vs a year ago
- Cash cycle ↓94thflat vs a year ago
- P/E ↓55th▲ 10 pts vs a year ago
- 12M momentum41st▼ 42 pts vs a year ago
Rank history
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?
At P/E of 27.4x, a holder earning 12%/yr needs earnings to grow about 18.2%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 19.7% | 20.8% | 21.9% |
| 15x | 17.2% | 18.2% | 19.3% |
| 20x | 14.0% | 15.0% | 16.0% |
Drag a slider to test other assumptions
Implied: 18.2%/yrLooking back
- Jan 2021Price implied 15%/yr; EPS has since grown 45%/yr (6.0 yrs)
- Jan 2022Price implied 20%/yr; EPS has since grown 49%/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
- ₹748.55
- P/E
- 27.4x
- ROCE
- 22.0%
- Market Cap
- ₹1781 cr
- Revenue (TTM)
- ₹858 cr
- P/S
- 2.1x
- P/B
- 5.0x
- ROE
- 18.1%
- Operating Margin
- 11.0%
- Debt / Equity
- 0.2x
- Promoter Holding
- 73.1%
- 12M Momentum
- -12.5%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance17%Near threshold
Other income as a share of pre-tax profit (trailing twelve months): 16.7%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate22%Within range
Median quarterly effective tax rate over about 2.5 years: 22.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.96xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 0.96x (cash from operations ₹148 cr, net profit ₹154 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-3 daysWithin range
Debtor days are below the median of the previous three fiscal years by 3 days (45 vs 48). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress7% of fixed assetsWithin range
Capital work-in-progress is 7% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-6 days / 2 yrsWithin range
Days payable changed by -6 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.
Who has been buying and selling?
- Over 3 years, institutional and promoter holdings were broadly unchanged.
- The number of shareholders rose from 12,953 to 25,680 (+98%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like NDR AUTO COMPONENTS 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 −17% to +41% vs the market, against −4% for all non-financial companies in the same months.
- The gap against the base rate (+3.8%, 80% range −7.4% to +15.5%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
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 · 3 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 34 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| DOLLAR Consumer Non-Durables |
Dec 2021 | 28x | 19% | +75% | −14% | −3% |
| IONEXCHANG Producer Manufacturing |
Jun 2025 | 38x | 22% | −5% | −26% | −25% |
| ACE Producer Manufacturing |
May 2022 | 28x | 21% | +17% | −29% | +118% |
| RHIM Producer Manufacturing |
Oct 2021 | 30x | 23% | +85% | −14% | +81% |
| LUMAXIND Producer Manufacturing |
Apr 2020 | 9x | 22% | −39% | −41% | −8% |
Show the other 3 matches
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, ROCE and drawdown from 12-month high. 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.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Nov '22
- NovPriceVolume reached 12.4x its 50-day median on 2026-11-04; price +4.1% that day.
- SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
- AugPriceVolume reached 14.9x its 50-day median on 2026-08-10; price +2.3% that day.
- JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
- MayPriceVolume reached 18.0x its 50-day median on 2026-05-11; price +2.0% that day.
- MarPriceFell 48% from the Jul 2025 peak to the Mar 2026 low.
- MarPeer rankSlipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top quartile).
- FebPriceVolume reached 12.7x its 50-day median on 2026-02-03; price +9.8% that day.
Show 22 earlier events
- NovPriceVolume reached 12.1x its 50-day median on 2025-11-06; price +1.7% that day.
- JunPriceRegained the 2024-09 peak, 3 months after the low.
- JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
- JunPriceVolume reached 31.5x its 50-day median on 2025-06-05; price +8.0% that day.
- MayValuationP/E crossed above the 90th percentile of its own history to date (43.0x).
- MarPriceFell 43% from the Sep 2024 peak to the Mar 2025 low.
- MarPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
- DecPriceVolume reached 11.7x its 50-day median on 2024-12-10; price +9.8% that day.
- AugValuationP/E crossed above the 90th percentile of its own history to date (48.7x).
- JulPriceVolume reached 115.1x its 50-day median on 2024-07-10; price +18.8% that day.
- JunResultsRevenue (TTM) reached a new high of ₹602 cr.
- JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
- JunPriceVolume reached 44.7x its 50-day median on 2024-06-26; price +11.8% that day.
- FebPriceVolume reached 28.4x its 50-day median on 2024-02-23; price +20.0% that day.
- NovValuationP/E crossed above the 90th percentile of its own history to date (29.8x).
- NovPriceVolume reached 8.3x its 50-day median on 2023-11-07; price +5.0% that day.
- JunResultsRevenue (TTM) reached a new high of ₹393 cr.
- JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
- MayValuationP/E crossed above the 90th percentile of its own history to date (32.5x).
- MayPriceVolume reached 50.6x its 50-day median on 2023-05-30; price -0.9% that day.
- FebPriceVolume reached 24.1x its 50-day median on 2023-02-03; price +12.4% that day.
- NovPriceVolume reached 23.1x its 50-day median on 2022-11-09; price +6.5% 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 history77 months · 2020-07 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 27.4x | ₹858 cr | 18.1% | 22.0% | 0.2x |
| 2026-10 | 23.6x | ₹858 cr | 17.9% | 22.0% | 0.2x |
| 2026-09 | 26.3x | ₹858 cr | 17.9% | 22.0% | 0.2x |
| 2026-08 | 28.2x | ₹822 cr | 17.3% | 22.0% | 0.2x |
| 2026-07 | 31.3x | ₹822 cr | 17.3% | 22.0% | 0.2x |
| 2026-06 | 31.4x | ₹822 cr | 17.3% | 22.0% | 0.2x |
| 2026-05 | 31.7x | ₹785 cr | 19.8% | 23.0% | 0.1x |
| 2026-04 | 31.0x | ₹785 cr | 19.8% | 23.0% | 0.1x |
| 2026-03 | 24.2x | ₹785 cr | 19.8% | 23.0% | 0.1x |
| 2026-02 | 30.9x | ₹752 cr | 19.1% | 23.0% | 0.1x |
| 2026-01 | 28.0x | ₹752 cr | 19.1% | 23.0% | 0.1x |
| 2025-12 | 34.0x | ₹752 cr | 19.1% | 23.0% | 0.1x |
| 2025-11 | 36.8x | ₹726 cr | 18.2% | 23.0% | 0.1x |
| 2025-10 | 41.6x | ₹726 cr | 18.2% | 23.0% | 0.1x |
| 2025-09 | 43.9x | ₹726 cr | 18.2% | 23.0% | 0.1x |
| 2025-08 | 44.9x | ₹712 cr | 17.5% | 23.0% | 0.1x |
| 2025-07 | 44.1x | ₹712 cr | 17.5% | 23.0% | 0.1x |
| 2025-06 | 51.6x | ₹712 cr | 17.5% | 23.0% | 0.1x |
| 2025-05 | 43.0x | ₹696 cr | 19.3% | 19.0% | 0.1x |
| 2025-04 | 32.7x | ₹696 cr | 19.3% | 19.0% | 0.1x |
| 2025-03 | 33.4x | ₹696 cr | 19.3% | 19.0% | 0.1x |
| 2025-02 | 33.0x | ₹661 cr | 17.7% | 19.0% | 0.1x |
| 2025-01 | 40.0x | ₹661 cr | 17.7% | 19.0% | 0.1x |
| 2024-12 | 38.4x | ₹661 cr | 17.7% | 19.0% | 0.1x |
| 2024-11 | 41.3x | ₹645 cr | 16.9% | 19.0% | 0.1x |
| 2024-10 | 42.7x | ₹645 cr | 16.9% | 19.0% | 0.1x |
| 2024-09 | 51.3x | ₹645 cr | 16.9% | 19.0% | 0.1x |
| 2024-08 | 48.7x | ₹602 cr | 15.4% | 19.0% | 0.1x |
| 2024-07 | 31.2x | ₹602 cr | 15.4% | 19.0% | 0.1x |
| 2024-06 | 26.0x | ₹602 cr | 15.4% | 19.0% | 0.1x |
| 2024-05 | 35.2x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2024-04 | 35.1x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2024-03 | 37.3x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2024-02 | 38.7x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2024-01 | 31.2x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2023-12 | 35.5x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2023-11 | 29.8x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2023-10 | 27.1x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2023-09 | 24.4x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2023-08 | 23.9x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2023-07 | 18.3x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2023-06 | 17.3x | ₹393 cr | 12.8% | 17.0% | 0.2x |
| 2023-05 | 32.5x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2023-04 | 23.6x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2023-03 | 22.2x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2023-02 | 21.6x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2023-01 | 24.0x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2022-12 | 23.7x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2022-11 | 23.6x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2022-10 | 18.0x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2022-09 | 18.0x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2022-08 | 18.4x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2022-07 | 15.6x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2022-06 | 14.4x | ₹233 cr | 7.9% | 10.0% | 0.1x |
| 2022-05 | 28.8x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2022-04 | 26.7x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2022-03 | 27.5x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2022-02 | 27.8x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2022-01 | 30.6x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2021-12 | 27.1x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2021-11 | 22.7x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2021-10 | 25.2x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2021-09 | 28.3x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2021-08 | 29.3x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2021-07 | 25.8x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2021-06 | 19.8x | ₹114 cr | 5.1% | 6.0% | 0.0x |
| 2021-05 | 19.3x | ₹97 cr | 4.1% | — | 0.0x |
| 2021-04 | 17.5x | ₹97 cr | 4.1% | — | 0.0x |
| 2021-03 | 16.9x | ₹97 cr | 4.1% | — | 0.0x |
| 2021-02 | 21.4x | ₹97 cr | 4.1% | — | 0.0x |
| 2021-01 | 18.8x | ₹97 cr | 4.1% | — | 0.0x |
| 2020-12 | 21.0x | ₹97 cr | 4.1% | — | 0.0x |
| 2020-11 | 14.6x | ₹97 cr | 4.1% | — | 0.0x |
| 2020-10 | 13.3x | ₹97 cr | 4.1% | — | 0.0x |
| 2020-09 | 12.1x | ₹97 cr | 4.1% | — | 0.0x |
| 2020-08 | 17.7x | ₹97 cr | 4.1% | — | 0.0x |
| 2020-07 | 10.9x | ₹97 cr | 4.1% | — | 0.0x |