52-week range
Price risk
Balance sheet & cash
Was the rally earned?
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 13.5x to 9.6x); per-share earnings took off 7 points.
- The share count rose 21%.
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.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
What is the price implying?
At a P/E of 17.9x, the price would imply about 14.0%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Electronic Technology The market-wide Expectations lists
What changed?
- Oct '26Fell 40% from the Oct 2025 peak to the Oct 2026 low.
- Oct '26Share count is up 19.4% over 12 months.
- Oct '26Volume reached 37.0x its 50-day median on 2026-10-01; price +4.6% that day.
- Sep '26Volume reached 37.4x its 50-day median on 2026-09-22; price +8.3% that day.
- Jun '26Slipped to the 2nd quartile of Electronic Technology on ROCE (from the top quartile).
- Jun '26Volume reached 31.3x its 50-day median on 2026-06-23; price +12.1% that day.
- Feb '26Volume reached 5.9x its 50-day median on 2026-02-24; price +0.4% that day.
- Dec '25Slipped to the 2nd quartile of Electronic Technology on operating margin (from the top quartile).
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
Are profits backed by cash?
2 of 5 checks are within range, 2 near a threshold, 1 beyond a threshold.
Tap a check to see how it is measured.
Other income reliance16%Near threshold
Other income as a share of pre-tax profit (trailing twelve months): 15.5%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate27%Within range
Median quarterly effective tax rate over about 2.5 years: 27.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion-0.99xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -0.99x (cash from operations ₹-804 cr, net profit ₹816 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—Not enough data
Not enough reported data to compute this.
Capital work in progress18% of fixed assetsWithin range
Capital work-in-progress is 18% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
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.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-40.2% (2025-10 peak to 2026-10 low, not yet recovered)
Most recent volume spikes
2026-10-01: 37x the 50-day median, price +4.6% that day
2026-09-22: 37.4x the 50-day median, price +8.3% that day
2026-06-24: 13.7x the 50-day median, price +3.2% that day
Where does it rank among Electronic Technology peers?
Each cell is the company's percentile rank among its Electronic Technology 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).
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 Electronic Technology sector page Watch it move against Electronic Technology in the Observatory
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
| Company | Sector | Similarity | Closest on |
|---|---|---|---|
| GULF OIL LUBRICANTS INDIA (GULFOILLUB) | Energy Minerals | 65% | debt/equity, promoter holding |
| GPT INFRAPROJECTS (GPTINFRA) | Industrial Services | 63% | operating margin, ROCE |
| ENVIRO INFRA ENGINEERS (EIEL) | Industrial Services | 60% | market cap, promoter holding |
| BANCO PRODUCTS (INDIA) (BANCOINDIA) | Producer Manufacturing | 57% | promoter holding, debt/equity |
| KALYANI STEELS (KSL) | Non-Energy Minerals | 53% | market cap, P/E |
| ALPEX SOLAR (ALPEXSOLAR) | Electronic Technology | 42% | P/E, operating margin |
| HPL ELECTRIC & POWER (HPL) | Electronic Technology | 41% | promoter holding, revenue |
| UNIVERSAL CABLES (UNIVCABLES) | Electronic Technology | 28% | revenue, debt/equity |
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like PACE DIGITEK 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 −19% to +30% vs the market, against −2% for all non-financial companies in the same months.
- The gap against the base rate (+9.9%, 80% range −2.5% to +17.3%) 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 · 4 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 35 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ORIENTCEM Non-Energy Minerals |
May 2022 | 12x | 19% | −10% | −32% | −2% |
| GHCL Process Industries |
Jan 2020 | 5x | 21% | −26% | −31% | −8% |
| GRANULES Health Technology |
Aug 2023 | 14x | 19% | −3% | −21% | +64% |
| CEIGALL Industrial Services |
Aug 2025 | 14x | 19% | −38% | −39% | +29% |
| JKLAKSHMI Non-Energy Minerals |
Mar 2022 | 14x | 20% | +10% | −36% | +76% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| KNRCON Industrial Services |
Dec 2023 | 16x | 21% | +1% | −14% | +15% |
| GNA Producer Manufacturing |
Jan 2024 | 16x | 21% | +27% | −13% | −32% |
| HINDWAREAP Producer Manufacturing |
Aug 2022 | 13x | 22% | −13% | −32% | +64% |
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: drawdown from 12-month high, P/S and 12-month momentum. 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.
Monthly history (13 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | 9.6x | ₹2829 cr | 14.2% | 21.0% | 0.4x |
| 2026-09 | 11.0x | ₹2829 cr | 14.3% | 21.0% | 0.4x |
| 2026-08 | 11.7x | ₹2641 cr | 14.0% | 21.0% | 0.4x |
| 2026-07 | 14.0x | ₹2641 cr | 14.0% | 21.0% | 0.4x |
| 2026-06 | 13.8x | ₹2641 cr | 14.0% | 21.0% | 0.4x |
| 2026-05 | 14.2x | ₹2227 cr | 22.1% | 41.0% | 0.1x |
| 2026-04 | 12.8x | ₹2227 cr | 22.1% | 41.0% | 0.1x |
| 2026-03 | 10.6x | ₹2227 cr | 22.1% | 41.0% | 0.1x |
| 2026-02 | 12.4x | ₹2150 cr | 21.4% | 41.0% | 0.1x |
| 2026-01 | 12.4x | ₹2150 cr | 21.4% | 41.0% | 0.1x |
| 2025-12 | 13.6x | ₹2150 cr | 21.4% | 41.0% | 0.1x |
| 2025-11 | 13.4x | ₹2463 cr | 24.3% | 41.0% | 0.1x |
| 2025-10 | 13.5x | ₹2463 cr | 24.3% | 41.0% | 0.1x |