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PITTI ENGINEERING LIMITED (PITTIENG)

Producer Manufacturing · Industrial Machinery · 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 62Growth 72Balance sheet 20
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.62 / 100
Price 63Earnings 36FII/DII 86
Compare withWELSPUN CORPVOLTASTHERMAX

Share price

Closing priceAdjusted for splits and bonus issues.

₹953.95 latest close · −2.1% over the last 90 sessions

₹900₹1,000₹1,100₹1,200Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹900₹1,000₹1,100₹1,200Jul 3Sep 4Nov 9

₹953.95 month-end · +9.6% over 12 months

₹800₹1,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹800₹1,000Nov '25May '26Nov '26

₹953.95 month-end · +46.2% over 3 years

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

₹953.95 month-end · +2942.9% since Jun '20

₹0₹500₹1,000₹1,500Jun '20Sep '21Jan '23Apr '24Aug '25Nov '26 ₹0₹500₹1,000₹1,500Jun '20Sep '23Nov '26

52-week range ₹675.00 to ₹1228.00 · 1-year volatility 41.7%

Was the rally earned?

+10%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 25.6x to 28.9x); per-share earnings took off 3 points.
  • The share count barely moved.
Net profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1 ptsNet profit growthP/E change: +13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+13 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: +10%+10%Share priceNet profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1ProfitP/E change: +13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+13P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +10%+10%Share price
Net profit growth-1 ptsNet profit fell about 1%, which lowers the price.
P/E change+13 ptsThe P/E rose from 25.6x to 28.9x, which lifts the price.
Share count change-2 ptsShare count was little changed. More shares would count against the price.
+46%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 72 points, but investors now pay less per rupee of profit (P/E 35.5x to 28.9x), which took 25 points back.
  • The share count rose 17%.
Net profit growth: +91 pts. Points of the price return explained by net profit growing (or shrinking).+91 ptsNet profit growthP/E change: −25 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−25 ptsP/E changeShare count change: −19 pts. Points of the price return explained by the share count changing. More shares count against the price.−19 ptsShare count changeShare price: +46%+46%Share priceNet profit growth: +91 pts. Points of the price return explained by net profit growing (or shrinking).+91ProfitP/E change: −25 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−25P/EShare count change: −19 pts. Points of the price return explained by the share count changing. More shares count against the price.−19SharesShare price: +46%+46%Share price
Net profit growth+91 ptsNet profit rose about 111%, which lifts the price.
P/E change-25 ptsThe P/E fell from 35.5x to 28.9x, which lowers the price.
Share count change-19 ptsShare count rose 17%, which lowers the price.
+325%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 293 points to the rise, while the multiple moved less (P/E 25.0x to 28.9x).
  • The share count rose 17%.
Net profit growth: +327 pts. Points of the price return explained by net profit growing (or shrinking).+327 ptsNet profit growthP/E change: +32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+32 ptsP/E changeShare count change: −34 pts. Points of the price return explained by the share count changing. More shares count against the price.−34 ptsShare count changeShare price: +325%+325%Share priceNet profit growth: +327 pts. Points of the price return explained by net profit growing (or shrinking).+327ProfitP/E change: +32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+32P/EShare count change: −34 pts. Points of the price return explained by the share count changing. More shares count against the price.−34SharesShare price: +325%+325%Share price
Net profit growth+327 ptsNet profit rose about 329%, which lifts the price.
P/E change+32 ptsThe P/E rose from 25.0x to 28.9x, which lifts the price.
Share count change-34 ptsShare count rose 17%, 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 WELSPUN CORP

How rough has the ride been?

Maximum drawdown-71.4%recovered 2021-03
1-year volatility41.7%annualised
Beta vs sector index1.113-year daily, correlation 0.57
Volume spikes7last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−70.1% 0%−20%−40%−60%2020202220242026−70.1%
Largest drawdowns

-71.4% (2019-01 peak to 2020-03 low, recovered 2021-03)

-53.1% (2024-12 peak to 2026-01 low, not yet recovered)

-31.9% (2021-08 peak to 2021-09 low, recovered 2021-11)

Most recent volume spikes

2026-09-07: 36.2x the 50-day median, price +8.4% that day

2026-08-26: 8.2x the 50-day median, price 0.0% that day

2026-08-25: 12.8x the 50-day median, price +2.3% 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?

28.9xP/E todayWithin its usual range
Against its own history63rd percentile
CheapestMedian 25.7xDearest

Usual range 11.5x to 39.8x since 2020-06.

Against Producer Manufacturing28.9x vs 29.6x
This company
28.9x
Sector median
29.6x

Close to the Producer Manufacturing median.

5.3x19.9x34.5x49.1xJun '20Oct '21Feb '23Jun '24Oct '25Nov '265.3x19.9x34.5x49.1xJun '20Aug '22Oct '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

  • ROCE50th▼ 5 pts vs a year ago
  • Op. margin75thflat vs a year ago
  • Revenue growth42nd▼ 45 pts vs a year ago
  • EPS growth34th▼ 20 pts vs a year ago
  • Debt/equity ↓16th▼ 4 pts vs a year ago
  • Cash cycle ↓60th▼ 15 pts vs a year ago
  • P/E ↓52nd▼ 10 pts vs a year ago
  • 12M momentum64th▲ 50 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?

~23%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 40.9x, a holder earning 12%/yr needs earnings to grow about 23.4%/yr for 10 years, then trade at 15x.

Delivered27.8%/yrEPS, last 6 fiscal years · 3-yr avg to 3-yr avg
Gap−4.4 ptsimplied minus delivered
Rank621stmost demanding of 856

Over time

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

0%16%31% Jun 2020Nov 2026 0%16%31% Jun 2020Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x25.0%26.1%27.2%
15x22.3%23.4%24.5%
20x18.9%20.0%21.0%

Drag a slider to test other assumptions

Implied: 23.4%/yr

Looking back

  • Jan 2022Price implied 20%/yr; EPS has since grown 28%/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
₹953.95
P/E
28.9x
ROCE
15.0%
Market Cap
₹3592 cr
Revenue (TTM)
₹1985 cr
P/S
1.8x
P/B
3.6x
ROE
12.6%
Operating Margin
16.0%
Debt / Equity
0.8x
Promoter Holding
54.2%
12M Momentum
9.6%

52-week range

₹675.00₹1228.00
50% of the way from its 52-week low to its high

Price risk

1Y volatility
41.7%
Beta vs sector
1-year daily
1.18

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.74x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance20%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 20.4%. 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 conversion1.74xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.74x (cash from operations ₹574 cr, net profit ₹330 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-21 daysWithin range

Debtor days are below the median of the previous three fiscal years by 21 days (39 vs 60). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress4% of fixed assetsWithin range

Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-36 days / 2 yrsWithin range

Days payable changed by -36 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, DIIs added 14.6 pts; promoters trimmed 5.1 pts; FIIs added 1.4 pts.
  • The number of shareholders rose from 34,506 to 37,224 (+8%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters59.3%54.2%-5.1 pts
FIIs0.1%1.5%+1.4 pts
DIIs5.5%20.1%+14.6 pts
Public and others35.1%22.2%-12.9 pts

Number of shareholders

37,224shareholders+8% since Sep '23
35k41k48k55k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 34,506
Dec '23: 41,372
Mar '24: 43,750
Jun '24: 45,703
Sep '24: 50,993
Dec '24: 54,531
Mar '25: 53,368
Jun '25: 54,800
Sep '25: 39,520
Dec '25: 37,953
Mar '26: 37,405
Jun '26: 37,224
 35k41k48k55k Sep '23Sep '24Sep '25Jun '26
Sep '23: 34,506
Dec '23: 41,372
Mar '24: 43,750
Jun '24: 45,703
Sep '24: 50,993
Dec '24: 54,531
Mar '25: 53,368
Jun '25: 54,800
Sep '25: 39,520
Dec '25: 37,953
Mar '26: 37,405
Jun '26: 37,224

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

−8.3%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 PITTI ENGINEERING 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 −21% to +21% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−3.3%, 80% range −10.5% to +0.5%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
HPL · Jul 2025: −44.8% vs market
CAMLINFINE · Feb 2023: −44.6% vs market
CARYSIL · Feb 2024: −43.8% vs market
NACLIND · Feb 2023: −43.7% vs market
SHK · Aug 2025: −43.5% vs market
AARTIDRUGS · Jul 2023: −41.8% vs market
KOLTEPATIL · Apr 2024: −37.9% vs market
ALICON · Aug 2024: −35.6% vs market
LANDMARK · Dec 2023: −35.4% vs market
VRLLOG · Feb 2023: −28.6% vs market
BLKASHYAP · Jun 2024: −28.0% vs market
SOMANYCERA · Feb 2022: −26.3% vs market
AWHCL · Feb 2025: −21.2% vs market
ASTERDM · Mar 2020: −19.6% vs market
ARVINDFASN · Aug 2025: −19.2% vs market
KIRLOSENG · Mar 2024: −19.2% vs market
TVSSRICHAK · May 2020: −18.5% vs market
ORIENTCEM · May 2021: −16.6% vs market
GUFICBIO · Mar 2025: −16.3% vs market
SOBHA · Jan 2020: −13.9% vs market
EVEREADY · Oct 2025: −13.6% vs market
RKFORGE · May 2024: −13.4% vs market
ARTEMISMED · Apr 2025: −9.5% vs market
PRSMJOHNSN · Aug 2021: −9.0% vs market
JKLAKSHMI · Jan 2023: −8.5% vs market
GREENLAM · Jun 2023: −8.1% vs market
CANTABIL · Feb 2025: −6.9% vs market
DCXINDIA · May 2024: −6.4% vs market
GOKEX · Jun 2024: −6.2% vs market
EPL · Feb 2025: −6.1% vs market
LUMAXTECH · Jul 2023: +1.7% vs market
DYNAMATECH · Oct 2024: +2.6% vs market
MMFL · Nov 2021: +4.1% vs market
ASAHIINDIA · May 2020: +12.6% vs market
FSL · Sep 2024: +14.5% vs market
WELENT · Oct 2025: +16.7% vs market
GANECOS · Aug 2023: +18.0% vs market
TCPLPACK · Sep 2025: +22.6% vs market
ARIHANTSUP · Jan 2024: +22.6% vs market
PURVA · Nov 2020: +29.8% vs market
MINDACORP · Jul 2025: +33.2% vs market
THANGAMAYL · Mar 2020: +37.4% vs market
BIRLACORPN · May 2020: +39.0% vs market
CRAFTSMAN · Apr 2022: +40.1% vs market
NRBBEARING · Apr 2023: +41.8% vs market
PRIVISCL · Dec 2024: +50.8% vs market
KDDL · May 2023: +59.1% vs market
HIKAL · Jan 2021: +81.6% vs market
SANSERA · May 2025: +105.7% vs market
JBMA · Mar 2021: +109.9% vs market
Similar setups −8.3%All companies −5.0%← 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
−8.3%
All companies' median
−5.0%
Beat the market
40% vs 44%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ORIENTCEM
Non-Energy Minerals		 May 2021 33x11% +196%−7% −17%
EVEREADY
Producer Manufacturing		 Oct 2025 33x17% −6%−19% −14%
HIKAL
Health Technology		 Jan 2021 25x14% +38%−11% +82%
MMFL
Producer Manufacturing		 Nov 2021 41x8% +106%−16% +4%
PRSMJOHNSN
Non-Energy Minerals		 Aug 2021 38x11% +148%−11% −9%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ARVINDFASN
Retail Trade		 Aug 2025 —17% −2%−18% −19%
VRLLOG
Transportation		 Feb 2023 30x22% +19%−22% −29%
NACLIND
Process Industries		 Feb 2023 24x15% +13%−21% −44%
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, P/E 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 PITTI ENGINEERING 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.

KDDLKDDL
Consumer Durables
70%similar
EPS growthrevenue
CARYSILCARYSIL
Consumer Durables
68%similar
EPS growthP/E
VENUS PIPES TUBESVENUSPIPES
Non-Energy Minerals
67%similar
operating marginmarket cap
GOODLUCK INDIAGOODLUCK
Non-Energy Minerals
66%similar
promoter holdingdebt/equity
V2 RETAILV2RETAIL
Retail Trade
66%similar
debt/equitypromoter holding
GREENPLY INDUSTRIESGREENPLY
Producer Manufacturing
63%similar
market capvolatility
SPR AUTO TECHNOLOGIESSHRIPISTON
Producer Manufacturing
59%similar
EPS growthrevenue growth
RANE (MADRAS)RML
Producer Manufacturing
56%similar
P/Emarket cap

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

What changed?

30 events since Jun '23

  1. SepPriceVolume reached 36.2x its 50-day median on 2026-09-07; price +8.4% that day.
  2. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  3. AprPriceVolume reached 10.9x its 50-day median on 2026-04-27; price +8.6% that day.
  4. MarPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  5. FebPriceVolume reached 10.5x its 50-day median on 2026-02-03; price +16.9% that day.
  6. JanPriceFell 53% from the Dec 2024 peak to the Jan 2026 low.
  7. DecResultsYear-on-year EPS growth turned negative.
  8. DecPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
Show 22 earlier events
  1. SepPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  2. JulPriceVolume reached 25.8x its 50-day median on 2025-07-23; price -6.6% that day.
  3. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  4. JunDebtDebt / equity fell below 1.0x (0.77x).
  5. JunSharesShare count is up 18.7% over 12 months.
  6. AprPriceVolume reached 7.8x its 50-day median on 2025-04-22; price +1.4% that day.
  7. MarPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  8. DecPromoterPromoter holding fell 5.7 pts to 53.6%.
  9. DecInstitutionsFII + DII holding rose 12.4 pts over 2 quarters to 18.8%.
  10. DecPriceVolume reached 8.4x its 50-day median on 2024-12-11; price -1.9% that day.
  11. JulValuationP/E crossed above the 90th percentile of its own history to date (39.4x).
  12. JunResultsRevenue (TTM) reached a new high of ₹1,231 cr.
  13. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  14. JunDividendDividend payout cut from 15% to 5% of profit.
  15. MayPriceVolume reached 6.1x its 50-day median on 2024-05-16; price -2.0% that day.
  16. FebPriceVolume reached 12.4x its 50-day median on 2024-02-22; price +8.2% that day.
  17. DecPriceVolume reached 7.9x its 50-day median on 2023-12-05; price +4.4% that day.
  18. AugValuationP/E crossed above the 90th percentile of its own history to date (35.1x).
  19. AugPriceVolume reached 7.1x its 50-day median on 2023-08-22; price +9.0% that day.
  20. JunResultsRevenue (TTM) reached a new high of ₹1,100 cr.
  21. JunPriceRegained the 2022-08 peak, 3 months after the low.
  22. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd 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 history78 months · 2020-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1128.9x₹1985 cr12.6%15.0%0.8x
2026-1025.8x₹1985 cr12.7%15.0%0.8x
2026-0934.5x₹1985 cr12.7%15.0%0.8x
2026-0835.4x₹1913 cr12.0%15.0%0.8x
2026-0729.5x₹1913 cr12.0%15.0%0.8x
2026-0631.1x₹1913 cr12.0%15.0%0.8x
2026-0527.6x₹1881 cr14.1%17.0%0.8x
2026-0428.9x₹1881 cr14.1%17.0%0.8x
2026-0320.4x₹1881 cr14.1%17.0%0.8x
2026-0226.8x₹1819 cr14.2%17.0%0.8x
2026-0123.1x₹1819 cr14.2%17.0%0.8x
2025-1224.2x₹1819 cr14.2%17.0%0.8x
2025-1125.6x₹1770 cr14.0%17.0%0.8x
2025-1027.8x₹1770 cr14.0%17.0%0.8x
2025-0929.3x₹1770 cr14.0%17.0%0.8x
2025-0827.3x₹1704 cr13.6%17.0%0.8x
2025-0727.8x₹1704 cr13.6%17.0%0.8x
2025-0629.8x₹1704 cr13.6%17.0%0.8x
2025-0525.5x₹1571 cr27.9%19.0%1.3x
2025-0424.4x₹1571 cr27.9%19.0%1.3x
2025-0327.0x₹1571 cr27.9%19.0%1.3x
2025-0224.7x₹1458 cr25.2%19.0%1.3x
2025-0132.0x₹1458 cr25.2%19.0%1.3x
2024-1236.6x₹1458 cr25.2%19.0%1.3x
2024-1145.3x₹1332 cr21.8%19.0%1.3x
2024-1040.7x₹1332 cr21.8%19.0%1.3x
2024-0940.7x₹1332 cr21.8%19.0%1.3x
2024-0844.8x₹1231 cr20.7%19.0%1.3x
2024-0739.4x₹1231 cr20.7%19.0%1.3x
2024-0632.6x₹1231 cr20.7%19.0%1.3x
2024-0549.1x₹1100 cr17.7%18.0%1.1x
2024-0447.9x₹1100 cr17.7%18.0%1.1x
2024-0341.7x₹1100 cr17.7%18.0%1.1x
2024-0241.9x₹1100 cr17.7%18.0%1.1x
2024-0135.7x₹1100 cr17.7%18.0%1.1x
2023-1238.4x₹1100 cr17.7%18.0%1.1x
2023-1135.5x₹1100 cr17.7%18.0%1.1x
2023-1037.2x₹1100 cr17.7%18.0%1.1x
2023-0932.8x₹1100 cr17.7%18.0%1.1x
2023-0835.1x₹1100 cr17.7%18.0%1.1x
2023-0725.6x₹1100 cr17.7%18.0%1.1x
2023-0620.1x₹1100 cr17.7%18.0%1.1x
2023-0521.8x₹954 cr18.3%18.0%1.4x
2023-0420.3x₹954 cr18.3%18.0%1.4x
2023-0316.7x₹954 cr18.3%18.0%1.4x
2023-0218.1x₹954 cr18.3%18.0%1.4x
2023-0119.4x₹954 cr18.3%18.0%1.4x
2022-1220.0x₹954 cr18.3%18.0%1.4x
2022-1120.2x₹954 cr18.3%18.0%1.4x
2022-1018.1x₹954 cr18.3%18.0%1.4x
2022-0917.6x₹954 cr18.3%18.0%1.4x
2022-0819.6x₹954 cr18.3%18.0%1.4x
2022-0722.2x₹954 cr18.3%18.0%1.4x
2022-0618.9x₹954 cr18.3%18.0%1.4x
2022-0530.2x₹518 cr12.3%—1.3x
2022-0433.6x₹518 cr12.3%—1.3x
2022-0336.0x₹518 cr12.3%—1.3x
2022-0226.0x₹518 cr12.3%—1.3x
2022-0130.1x₹518 cr12.3%—1.3x
2021-1226.1x₹518 cr12.3%—1.3x
2021-1125.0x₹518 cr12.3%—1.3x
2021-1018.9x₹518 cr12.3%—1.3x
2021-0917.1x₹518 cr12.3%—1.3x
2021-0817.3x₹518 cr12.3%—1.3x
2021-0721.8x₹518 cr12.3%—1.3x
2021-0615.5x₹518 cr12.3%—1.3x
2021-0518.9x₹525 cr———
2021-0412.0x₹525 cr———
2021-0312.5x₹525 cr———
2021-0211.0x₹525 cr———
2021-0111.7x₹525 cr———
2020-1210.4x₹525 cr———
2020-118.8x₹525 cr———
2020-106.2x₹525 cr———
2020-095.9x₹525 cr———
2020-086.4x₹525 cr———
2020-075.3x₹525 cr———
2020-065.9x₹525 cr———

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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