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PG ELECTROPLAST LIMITED (PGEL)

Electronic Technology · Electronic Production Equipment · 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.59 / 100
Profitability 28Growth 73Balance sheet 75
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.51 / 100
Price 41Earnings 19FII/DII 92

Passes these screensInstitutions in, retail out

Compare withDIXON TECHNOLOGIES INDIASYRMA SGS TECHNOLOGY LIMITEDATA PATTERNS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹564 latest close · +0.3% over the last 90 sessions

₹500₹550₹600Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹500₹550₹600Jul 3Sep 4Nov 9

₹564 month-end · −4.6% over 12 months

₹500₹550₹600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹550₹600Nov '25May '26Nov '26

₹564 month-end · +136.5% over 3 years

₹250₹500₹750₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹250₹500₹750₹1,000Nov '23May '25Nov '26

₹564 month-end · +6309.1% since Jan '19

₹0₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹436.55 to ₹644.40 · 1-year volatility 43.8%

Was the rally earned?

-5%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (-5%).
  • The share count barely moved.
Net profit growth: −26 pts. Points of the price return explained by net profit growing (or shrinking).−26 ptsNet profit growthP/E change: +24 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+24 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: −5%−5%Share priceNet profit growth: −26 pts. Points of the price return explained by net profit growing (or shrinking).−26ProfitP/E change: +24 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+24P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: −5%−5%Share price
Net profit growth-26 ptsNet profit fell about 24%, which lowers the price.
P/E change+24 ptsThe P/E rose from 61.4x to 78.2x, which lifts the price.
Share count change-2 ptsShare count was little changed. More shares would count against the price.
+137%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 119 points to the rise, while the multiple moved less (P/E 69.9x to 78.2x).
  • The share count rose 27%.
Net profit growth: +157 pts. Points of the price return explained by net profit growing (or shrinking).+157 ptsNet profit growthP/E change: +18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+18 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: +137%+137%Share priceNet profit growth: +157 pts. Points of the price return explained by net profit growing (or shrinking).+157ProfitP/E change: +18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+18P/EShare count change: −38 pts. Points of the price return explained by the share count changing. More shares count against the price.−38SharesShare price: +137%+137%Share price
Net profit growth+157 ptsNet profit rose about 169%, which lifts the price.
P/E change+18 ptsThe P/E rose from 69.9x to 78.2x, which lifts the price.
Share count change-38 ptsShare count rose 27%, which lowers the price.
+953%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 1013 points, but investors now pay less per rupee of profit (P/E 90.8x to 78.2x), which took 60 points back.
  • The share count rose 41%.
Net profit growth: +1153 pts. Points of the price return explained by net profit growing (or shrinking).+1153 ptsNet profit growthP/E change: −60 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−60 ptsP/E changeShare count change: −139 pts. Points of the price return explained by the share count changing. More shares count against the price.−139 ptsShare count changeShare price: +953%+953%Share priceNet profit growth: +1153 pts. Points of the price return explained by net profit growing (or shrinking).+1153ProfitP/E change: −60 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−60P/EShare count change: −139 pts. Points of the price return explained by the share count changing. More shares count against the price.−139SharesShare price: +953%+953%Share price
Net profit growth+1153 ptsNet profit rose about 1623%, which lifts the price.
P/E change-60 ptsThe P/E fell from 90.8x to 78.2x, which lowers the price.
Share count change-139 ptsShare count rose 41%, 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 DIXON TECHNOLOGIES INDIA

How rough has the ride been?

Maximum drawdown-79.1%recovered 2020-11
1-year volatility43.8%annualised
Beta vs sector index0.903-year daily, correlation 0.45
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−77.9% 0%−25%−50%−75%2020202220242026−77.9%
Largest drawdowns

-79.1% (2019-01 peak to 2020-03 low, recovered 2020-11)

-57.0% (2025-01 peak to 2026-04 low, not yet recovered)

-40.4% (2023-12 peak to 2024-03 low, recovered 2024-05)

Most recent volume spikes

2026-10-28: 14.1x the 50-day median, price +7.2% that day

2026-10-06: 5.8x the 50-day median, price +8.2% that day

2026-08-07: 5.2x the 50-day median, price +3.4% 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?

78.2xP/E todayWithin its usual range
Against its own history64th percentile
CheapestMedian 69.9xDearest

Usual range 51.0x to 111.1x since 2019-01.

Against Electronic Technology78.2x vs 55.3x
This company
78.2x
Sector median
55.3x

42% above the Electronic Technology median.

9.6x56.5x103.3x150.2xJan '19Aug '20Mar '22Oct '23May '25Nov '269.6x56.5x103.3x150.2xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianElectronic Technology median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianElectronic Technology median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianElectronic Technology 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 Electronic Technology is valued

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).

Where it ranks today

  • ROCE35th▼ 27 pts vs a year ago
  • Op. margin21st▼ 9 pts vs a year ago
  • Revenue growth43rd▼ 28 pts vs a year ago
  • EPS growth17th▼ 42 pts vs a year ago
  • Debt/equity ↓59thflat vs a year ago
  • Cash cycle ↓73rdflat vs a year ago
  • P/E ↓36th▼ 9 pts vs a year ago
  • 12M momentum47thflat 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 Electronic Technology sector page Watch it move against Electronic Technology in the Observatory

What is the price implying?

~37%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 109.8x, a holder earning 12%/yr needs earnings to grow about 36.6%/yr for 10 years, then trade at 15x.

Delivered29.7%/yrEPS, last 9 fiscal years · 3-yr avg to 3-yr avg
Gap+6.9 ptsimplied minus delivered
Rank390thmost demanding of 856

Over time

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

0%30%59% Jun 2021Nov 2026 0%30%59% Jun 2021Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x38.4%39.6%40.9%
15x35.4%36.6%37.8%
20x31.5%32.7%33.9%

Drag a slider to test other assumptions

Implied: 36.6%/yr

Looking back

  • Jan 2022Price implied 55%/yr; EPS has since grown 63%/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 Electronic Technology The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹564.00
P/E
78.2x
ROCE
10.0%
Market Cap
₹16175 cr
Revenue (TTM)
₹5818 cr
P/S
2.8x
P/B
5.3x
ROE
6.8%
Operating Margin
7.0%
Debt / Equity
0.2x
Promoter Holding
43.4%
12M Momentum
-4.5%

52-week range

₹436.55₹644.40
61% of the way from its 52-week low to its high

Price risk

1Y volatility
43.8%
Beta vs sector
1-year daily
1.08

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.29x
low
Share count, 1Y
+3.6%

Are profits backed by cash?

3 of 7checks within range2 beyond a threshold
Other income reliance17%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 17.5%. 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 conversion0.29xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.29x (cash from operations ₹181 cr, net profit ₹620 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow0 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 0. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+8 daysWithin range

Debtor days are above the median of the previous three fiscal years by 8 days (82 vs 74). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress20% of fixed assetsWithin range

Capital work-in-progress is 20% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+40 days / 2 yrsNear threshold

Days payable changed by +40 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, DIIs added 11.5 pts; promoters trimmed 10.2 pts; FIIs trimmed 0.8 pts.
  • The number of shareholders rose from 17,837 to 2.2 lakh (+1135%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters53.6%43.4%-10.2 pts
FIIs10.8%9.9%-0.8 pts
DIIs12.4%23.9%+11.5 pts
Public and others23.3%22.7%-0.6 pts

Number of shareholders

2.2 lakhshareholders+1135% since Dec '23
18k97k1.8L2.6L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 17,837
Mar '24: 20,678
Jun '24: 35,492
Sep '24: 1.0 lakh
Dec '24: 1.4 lakh
Mar '25: 1.6 lakh
Jun '25: 2.2 lakh
Sep '25: 2.6 lakh
Dec '25: 2.3 lakh
Mar '26: 2.2 lakh
Jun '26: 2.2 lakh
 18k97k1.8L2.6L Dec '23Dec '24Dec '25Jun '26
Dec '23: 17,837
Mar '24: 20,678
Jun '24: 35,492
Sep '24: 1.0 lakh
Dec '24: 1.4 lakh
Mar '25: 1.6 lakh
Jun '25: 2.2 lakh
Sep '25: 2.6 lakh
Dec '25: 2.3 lakh
Mar '26: 2.2 lakh
Jun '26: 2.2 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

+0.7%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 PG ELECTROPLAST 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 −23% to +22% vs the market, against 0% for all non-financial companies in the same months.
  • The gap against the base rate (+0.9%, 80% range −9.1% to +11.5%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ASIANTILES · Jan 2021: −63.0% vs market
MAHLOG · Aug 2021: −41.5% vs market
TAJGVK · May 2020: −41.1% vs market
STYRENIX · May 2021: −38.8% vs market
RKFORGE · Mar 2025: −38.0% vs market
MEDPLUS · May 2023: −37.3% vs market
GOCLCORP · Feb 2020: −35.4% vs market
WHIRLPOOL · Jul 2024: −33.9% vs market
INDHOTEL · Jan 2020: −28.2% vs market
ALICON · Nov 2022: −26.6% vs market
ORIENTELEC · Apr 2025: −25.7% vs market
SOTL · Feb 2021: −25.3% vs market
TASTYBITE · Jun 2025: −23.7% vs market
SHK · Nov 2020: −19.8% vs market
GREENLAM · Jul 2023: −19.6% vs market
SOBHA · Jul 2025: −18.6% vs market
SEAMECLTD · Mar 2024: −13.5% vs market
MRF · May 2023: −10.1% vs market
SUZLON · Jan 2022: −9.9% vs market
APLLTD · Mar 2024: −8.9% vs market
BAJAJELEC · Jul 2021: −8.6% vs market
CIEINDIA · Jul 2021: −7.0% vs market
TATACHEM · May 2022: −6.3% vs market
INDOCO · Jan 2021: −5.8% vs market
CENTURYPLY · Jun 2025: −1.6% vs market
FORTIS · Jun 2023: +3.0% vs market
IFBIND · Nov 2020: +4.1% vs market
UNOMINDA · Nov 2022: +7.0% vs market
ABREL · Jul 2022: +11.7% vs market
THERMAX · Feb 2023: +13.1% vs market
DALBHARAT · Jan 2021: +13.4% vs market
NAZARA · Jan 2025: +14.0% vs market
ACLGATI · Mar 2020: +16.9% vs market
ASAHIINDIA · Nov 2021: +17.1% vs market
MINDACORP · Nov 2021: +18.0% vs market
SAGCEM · Oct 2020: +19.7% vs market
VRLLOG · Feb 2022: +20.5% vs market
BEML · Aug 2022: +22.0% vs market
RADICO · Nov 2023: +26.2% vs market
OPTIEMUS · Oct 2025: +42.9% vs market
ELGIEQUIP · Nov 2020: +45.7% vs market
AUTOAXLES · Apr 2022: +51.7% vs market
ASTRAMICRO · Nov 2022: +63.1% vs market
ABB · Sep 2021: +64.5% vs market
HSCL · May 2022: +74.7% vs market
AMBER · Sep 2024: +82.3% vs market
BHEL · Dec 2022: +92.4% vs market
SCHNEIDER · Aug 2022: +137.7% vs market
SYRMA · Jun 2025: +145.7% vs market
FLUOROCHEM · May 2021: +222.6% vs market
Similar setups +0.7%All companies −0.2%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
+0.7%
All companies' median
−0.2%
Beat the market
50% vs 50%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BEML
Producer Manufacturing		 Aug 2022 60x9% +40%−10% +22%
SUZLON
Producer Manufacturing		 Jan 2022 110x10% +89%−7% −10%
UNOMINDA
Producer Manufacturing		 Nov 2022 88x14% +21%−12% +7%
DALBHARAT
Non-Energy Minerals		 Jan 2021 100x4% +32%−4% +13%
SHK
Process Industries		 Nov 2020 52x10% +17%−1% −20%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
STYRENIX
Process Industries		 May 2021 127x— +131%−1% −39%
ASIANTILES
Producer Manufacturing		 Jan 2021 48x11% +35%−6% −63%
SAGCEM
Non-Energy Minerals		 Oct 2020 61x8% +24%−8% +20%
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.

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 PG ELECTROPLAST 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.

ENTERO HEALTHCARE SOLENTERO
Distribution Services
71%similar
ROCEP/E
SG MARTSGMART
Utilities
66%similar
ROCErevenue
SOBHASOBHA
Finance
62%similar
revenueEPS growth
VOLTASVOLTAS
Producer Manufacturing
60%similar
P/EROCE
SUDARSHAN CHEMICAL INDUSSUDARSCHEM
Process Industries
59%similar
revenue growthP/E
SYRMA SGS TECHNOLOGY LIMITESYRMA
Electronic Technology
72%similar
revenue growthP/E
KAYNES TECHNOLOGY INDKAYNES
Electronic Technology
57%similar
debt/equityrevenue growth
CYIENT DLMCYIENTDLM
Electronic Technology
56%similar
ROCEP/E

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

What changed?

30 events since Dec '24

  1. OctPriceVolume reached 14.1x its 50-day median on 2026-10-28; price +7.2% that day.
  2. SepResultsRevenue (TTM) reached a new high of ₹5,818 cr.
  3. SepPeer rankSlipped to the bottom quartile of Electronic Technology on operating margin (from the 3rd quartile).
  4. AugPriceVolume reached 5.2x its 50-day median on 2026-08-07; price +3.4% that day.
  5. JunResultsYear-on-year EPS growth turned negative.
  6. JunPeer rankSlipped to the 3rd quartile of Electronic Technology on ROCE (from the 2nd quartile).
  7. AprPriceFell 57% from the Jan 2025 peak to the Apr 2026 low.
  8. AprDebtDebt / equity halved over 12 months to 0.14x.
Show 22 earlier events
  1. MarResultsRevenue (TTM) reached a new high of ₹5,481 cr.
  2. MarValuationP/E fell below the 10th percentile of its own history to date (48.1x).
  3. MarPeer rankMoved into the 3rd quartile of Electronic Technology on operating margin (from the bottom quartile).
  4. FebPeer rankSlipped to the 3rd quartile of Electronic Technology on EPS growth (from the 2nd quartile).
  5. FebPriceVolume reached 7.0x its 50-day median on 2026-02-03; price -0.1% that day.
  6. DecInstitutionsFII + DII holding rose 3.5 pts over 2 quarters to 30.3%.
  7. DecPeer rankSlipped to the bottom quartile of Electronic Technology on operating margin (from the 3rd quartile).
  8. NovPriceVolume reached 8.1x its 50-day median on 2025-11-14; price +3.3% that day.
  9. OctSharesShare count is up 7.7% over 12 months.
  10. SepPromoterPromoter holding fell 5.6 pts to 43.7% (largest drop in the history since 2019-01).
  11. SepPeer rankSlipped to the 2nd quartile of Electronic Technology on EPS growth (from the top quartile).
  12. SepDebtDebt / equity halved over 12 months to 0.14x.
  13. AugValuationP/E fell below the 10th percentile of its own history to date (50.9x).
  14. AugPriceVolume reached 35.0x its 50-day median on 2025-08-11; price -14.1% that day.
  15. JunDividendDividend payout cut from 4% to 2% of profit.
  16. MayPriceVolume reached 6.3x its 50-day median on 2025-05-27; price -0.8% that day.
  17. MarPromoterPromoter holding fell 4.1 pts to 49.4%.
  18. MarInstitutionsFII + DII holding rose 6.0 pts over 1 quarter to 26.5%.
  19. MarPeer rankMoved into the 3rd quartile of Electronic Technology on operating margin (from the bottom quartile).
  20. FebDebtDebt / equity halved over 12 months to 0.42x.
  21. DecValuationP/E crossed above the 90th percentile of its own history to date (133.2x).
  22. DecPeer rankSlipped to the bottom quartile of Electronic Technology on operating margin (from the 3rd 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

Monthly history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1178.2x₹5818 cr6.8%10.0%0.2x
2026-1073.5x₹5818 cr6.8%10.0%0.2x
2026-0968.4x₹5818 cr6.8%10.0%0.2x
2026-0884.2x₹5288 cr6.5%10.0%0.2x
2026-0788.9x₹5288 cr6.5%10.0%0.2x
2026-0677.3x₹5288 cr6.5%10.0%0.2x
2026-0549.4x₹5481 cr9.8%19.0%0.1x
2026-0454.7x₹5481 cr9.8%19.0%0.1x
2026-0348.1x₹5481 cr9.8%19.0%0.1x
2026-0269.8x₹5037 cr9.0%19.0%0.1x
2026-0160.9x₹5037 cr9.0%19.0%0.1x
2025-1264.0x₹5037 cr9.0%19.0%0.1x
2025-1161.4x₹5053 cr9.6%19.0%0.1x
2025-1059.3x₹5053 cr9.6%19.0%0.1x
2025-0952.2x₹5053 cr9.6%19.0%0.1x
2025-0850.9x₹4870 cr10.2%19.0%0.1x
2025-0777.4x₹4870 cr10.2%19.0%0.1x
2025-0672.0x₹4870 cr10.2%19.0%0.1x
2025-0596.2x₹4037 cr20.5%19.0%0.4x
2025-04105.3x₹4037 cr20.5%19.0%0.4x
2025-03114.3x₹4037 cr20.5%19.0%0.4x
2025-02108.0x₹3601 cr18.5%19.0%0.4x
2025-01106.3x₹3601 cr18.5%19.0%0.4x
2024-12133.2x₹3601 cr18.5%19.0%0.4x
2024-11101.8x₹3390 cr17.8%19.0%0.4x
2024-1089.7x₹3390 cr17.8%19.0%0.4x
2024-0990.6x₹3390 cr17.8%19.0%0.4x
2024-08101.4x₹2746 cr13.0%19.0%0.4x
2024-0785.8x₹2746 cr13.0%19.0%0.4x
2024-0668.6x₹2746 cr13.0%19.0%0.4x
2024-0576.0x₹2160 cr19.4%17.0%1.5x
2024-0461.8x₹2160 cr19.4%17.0%1.5x
2024-0348.7x₹2160 cr19.4%17.0%1.5x
2024-0253.3x₹2160 cr19.4%17.0%1.5x
2024-0156.6x₹2160 cr19.4%17.0%1.5x
2023-1269.6x₹2160 cr19.4%17.0%1.5x
2023-1169.9x₹2160 cr19.4%17.0%1.5x
2023-1057.8x₹2160 cr19.4%17.0%1.5x
2023-0952.1x₹2160 cr19.4%17.0%1.5x
2023-0853.7x₹2160 cr19.4%17.0%1.5x
2023-0744.1x₹2160 cr19.4%17.0%1.5x
2023-0646.3x₹2160 cr19.4%17.0%1.5x
2023-0593.6x₹1098 cr11.9%13.0%1.3x
2023-0478.7x₹1098 cr11.9%13.0%1.3x
2023-0375.7x₹1098 cr11.9%13.0%1.3x
2023-0279.1x₹1098 cr11.9%13.0%1.3x
2023-0161.7x₹1098 cr11.9%13.0%1.3x
2022-1264.0x₹1098 cr11.9%13.0%1.3x
2022-1155.6x₹1098 cr11.9%13.0%1.3x
2022-1059.5x₹1098 cr11.9%13.0%1.3x
2022-0958.2x₹1098 cr11.9%13.0%1.3x
2022-0851.2x₹1098 cr11.9%13.0%1.3x
2022-0753.2x₹1098 cr11.9%13.0%1.3x
2022-0649.7x₹1098 cr11.9%13.0%1.3x
2022-05150.2x₹703 cr6.2%—1.0x
2022-04133.7x₹703 cr6.2%—1.0x
2022-03123.9x₹703 cr6.2%—1.0x
2022-02103.7x₹703 cr6.2%—1.0x
2022-01128.1x₹703 cr6.2%—1.0x
2021-12136.1x₹703 cr6.2%—1.0x
2021-1190.8x₹703 cr6.2%—1.0x
2021-1084.9x₹703 cr6.2%—1.0x
2021-0969.0x₹703 cr6.2%—1.0x
2021-0858.9x₹703 cr6.2%—1.0x
2021-0763.6x₹703 cr6.2%—1.0x
2021-0671.5x₹703 cr6.2%—1.0x
2021-05—₹303 cr-3.5%1.0%0.6x
2021-04—₹303 cr-3.5%1.0%0.6x
2021-03—₹303 cr-3.5%1.0%0.6x
2021-02—₹303 cr-3.5%1.0%0.6x
2021-01—₹303 cr-3.5%1.0%0.6x
2020-12—₹303 cr-3.5%1.0%0.6x
2020-11—₹303 cr-3.5%1.0%0.6x
2020-10—₹303 cr-3.5%1.0%0.6x
2020-09—₹303 cr-3.5%1.0%0.6x
2020-08—₹303 cr-3.5%1.0%0.6x
2020-07—₹303 cr-3.5%1.0%0.6x
2020-06—₹303 cr-3.5%1.0%0.6x
2020-05—₹303 cr-3.5%1.0%0.6x
2020-04—₹303 cr-3.5%1.0%0.6x
2020-03—₹303 cr-3.5%1.0%0.6x
2020-02—₹303 cr-3.5%1.0%0.6x
2020-01—₹303 cr-3.5%1.0%0.6x
2019-12—₹303 cr-3.5%1.0%0.6x
2019-11—₹303 cr-3.5%1.0%0.6x
2019-10—₹303 cr-3.5%1.0%0.6x
2019-09—₹303 cr-3.5%1.0%0.6x
2019-08—₹303 cr-3.5%1.0%0.6x
2019-07—₹303 cr-3.5%1.0%0.6x
2019-06—₹303 cr-3.5%1.0%0.6x
2019-05—₹303 cr-3.5%1.0%0.6x
2019-04—₹303 cr-3.5%1.0%0.6x
2019-03—₹303 cr-3.5%1.0%0.6x
2019-02—₹303 cr-3.5%1.0%0.6x
2019-01—₹303 cr-3.5%1.0%0.6x

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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