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HITACHI ENERGY INDIA LIMITED (POWERINDIA)

Electronic Technology · Electronic Equipment/Instruments · figures to Nov '26

Divergence: business ahead of price (2 months)
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.85 / 100
Profitability 71Growth 85Balance sheet 100
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.61 / 100
Price 11Earnings 91FII/DII 83

Passes these screensQuality CompounderDebt-light & profitableBusiness ahead of priceConsistent compounders

Compare withAPAR INDUSTRIESHONEYWELL AUTOMATION INDIAGENUS POWER INFRASTRUCTURES LT

Share price

Closing priceAdjusted for splits and bonus issues.

₹28,150 latest close · −9.3% over the last 90 sessions

₹30,000₹35,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹30,000₹35,000Jul 3Sep 4Nov 9

₹28,150 month-end · +27.6% over 12 months

₹20,000₹30,000₹40,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹20,000₹30,000₹40,000Nov '25May '26Nov '26

₹28,150 month-end · +502.5% over 3 years

₹20,000₹40,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹20,000₹40,000Nov '23May '25Nov '26

₹28,150 month-end · +3654.8% since Mar '20

₹0₹20,000₹40,000Mar '20Jul '21Nov '22Mar '24Jul '25Nov '26 ₹0₹20,000₹40,000Mar '20Jul '23Nov '26

52-week range ₹16111.00 to ₹38785.00 · 1-year volatility 45.4%

Was the rally earned?

+28%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 91 points, but investors now pay less per rupee of profit (P/E 190.9x to 109.1x), which took 63 points back.
  • The share count rose 2%.
Net profit growth: +93 pts. Points of the price return explained by net profit growing (or shrinking).+93 ptsNet profit growthP/E change: −63 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−63 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: +28%+28%Share priceNet profit growth: +93 pts. Points of the price return explained by net profit growing (or shrinking).+93ProfitP/E change: −63 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−63P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +28%+28%Share price
Net profit growth+93 ptsNet profit rose about 128%, which lifts the price.
P/E change-63 ptsThe P/E fell from 190.9x to 109.1x, which lowers the price.
Share count change-2 ptsShare count rose 2%, which lowers the price.
+503%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 687 points, but investors now pay less per rupee of profit (P/E 210.8x to 109.1x), which took 184 points back.
  • The share count rose 5%.
Net profit growth: +701 pts. Points of the price return explained by net profit growing (or shrinking).+701 ptsNet profit growthP/E change: −184 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−184 ptsP/E changeShare count change: −14 pts. Points of the price return explained by the share count changing. More shares count against the price.−14 ptsShare count changeShare price: +503%+503%Share priceNet profit growth: +701 pts. Points of the price return explained by net profit growing (or shrinking).+701ProfitP/E change: −184 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−184P/EShare count change: −14 pts. Points of the price return explained by the share count changing. More shares count against the price.−14SharesShare price: +503%+503%Share price
Net profit growth+701 ptsNet profit rose about 1124%, which lifts the price.
P/E change-184 ptsThe P/E fell from 210.8x to 109.1x, which lowers the price.
Share count change-14 ptsShare count rose 5%, which lowers the price.
+964%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 976 points, but investors now pay less per rupee of profit (P/E 112.4x to 109.1x), which took 12 points back.
  • The share count rose 5%.
Net profit growth: +996 pts. Points of the price return explained by net profit growing (or shrinking).+996 ptsNet profit growthP/E change: −12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−12 ptsP/E changeShare count change: −20 pts. Points of the price return explained by the share count changing. More shares count against the price.−20 ptsShare count changeShare price: +964%+964%Share priceNet profit growth: +996 pts. Points of the price return explained by net profit growing (or shrinking).+996ProfitP/E change: −12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−12P/EShare count change: −20 pts. Points of the price return explained by the share count changing. More shares count against the price.−20SharesShare price: +964%+964%Share price
Net profit growth+996 ptsNet profit rose about 1050%, which lifts the price.
P/E change-12 ptsThe P/E fell from 112.4x to 109.1x, which lowers the price.
Share count change-20 ptsShare count rose 5%, 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 APAR INDUSTRIES

How rough has the ride been?

Maximum drawdown-40.3%recovered 2025-05
1-year volatility45.4%annualised
Beta vs sector index0.813-year daily, correlation 0.44
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−10%−20%−30%202120222023202420252026−31.6% 0%−10%−20%−30%202120232025−31.6%
Largest drawdowns

-40.3% (2024-10 peak to 2025-01 low, recovered 2025-05)

-31.6% (2026-05 peak to 2026-10 low, not yet recovered)

-28.7% (2025-12 peak to 2026-01 low, recovered 2026-02)

Most recent volume spikes

2026-08-10: 5.3x the 50-day median, price +10.6% that day

2026-07-03: 5.1x the 50-day median, price -8.1% 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?

109.1xP/E todayWithin its usual range
Against its own history47th percentile
CheapestMedian 116.1xDearest

Usual range 29.2x to 300.3x since 2020-03.

Against Electronic Technology109.1x vs 55.3x
This company
109.1x
Sector median
55.3x

97% above the Electronic Technology median.

9.6x168.4x327.1x485.9xMar '20Jul '21Nov '22Mar '24Jul '25Nov '269.6x168.4x327.1x485.9xMar '20Jun '22Sep '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

  • ROCE83rd▲ 21 pts vs a year ago
  • Op. margin58th▲ 12 pts vs a year ago
  • Revenue growth69th▲ 25 pts vs a year ago
  • EPS growth88th▼ 4 pts vs a year ago
  • Debt/equity ↓82ndflat vs a year ago
  • Cash cycle ↓97th▲ 4 pts vs a year ago
  • P/E ↓20th▲ 8 pts vs a year ago
  • 12M momentum67th▼ 28 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 Electronic Technology sector page Watch it move against Electronic Technology in the Observatory

What is the price implying?

~53%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 341.8x, a holder earning 12%/yr needs earnings to grow about 52.9%/yr for 10 years, then trade at 15x.

Delivered29.7%/yrEPS, last 7 fiscal years · 3-yr avg to 3-yr avg
Gap+23.1 ptsimplied minus delivered
Rank100thmost demanding of 856

Over time

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

0%34%68% Mar 2020Nov 2026 0%34%68% Mar 2020Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x54.9%56.3%57.6%
15x51.5%52.9%54.2%
20x47.2%48.6%49.9%

Drag a slider to test other assumptions

Implied: 52.9%/yr

Looking back

  • Jan 2021Price implied 21%/yr; EPS has since grown 31%/yr (6.2 yrs)
  • Jan 2022Price implied 39%/yr; EPS has since grown 51%/yr (5.2 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
₹28150.00
P/E
109.1x
ROCE
29.0%
Market Cap
₹1.25L cr
Revenue (TTM)
₹9163 cr
P/S
13.7x
P/B
24.2x
ROE
22.2%
Operating Margin
15.0%
Debt / Equity
0.0x
Promoter Holding
71.3%
12M Momentum
27.6%

52-week range

₹16111.00₹38785.00
53% of the way from its 52-week low to its high

Price risk

1Y volatility
45.4%
Beta vs sector
1-year daily
0.92

Balance sheet & cash

Interest cover
operating profit ÷ interest
100.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.95x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance15%Within range

Other income as a share of pre-tax profit (trailing twelve months): 15.0%. 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 conversion1.95xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.95x (cash from operations ₹2,991 cr, net profit ₹1,536 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-20 daysWithin range

Debtor days are below the median of the previous three fiscal years by 20 days (86 vs 106). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress23% of fixed assetsWithin range

Capital work-in-progress is 23% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+41 days / 2 yrsNear threshold

Days payable changed by +41 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, FIIs added 8.4 pts; promoters trimmed 3.7 pts; DIIs trimmed 2.2 pts.
  • The number of shareholders rose from 61,563 to 1.0 lakh (+67%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters75.0%71.3%-3.7 pts
FIIs4.1%12.4%+8.4 pts
DIIs8.5%6.3%-2.2 pts
Public and others12.4%9.9%-2.5 pts

Number of shareholders

1.0 lakhshareholders+67% since Dec '23
62k75k89k1.0L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 61,563
Mar '24: 62,489
Jun '24: 72,536
Sep '24: 73,288
Dec '24: 82,384
Mar '25: 90,724
Jun '25: 92,331
Sep '25: 99,147
Dec '25: 97,771
Mar '26: 90,555
Jun '26: 1.0 lakh
 62k75k89k1.0L Dec '23Dec '24Dec '25Jun '26
Dec '23: 61,563
Mar '24: 62,489
Jun '24: 72,536
Sep '24: 73,288
Dec '24: 82,384
Mar '25: 90,724
Jun '25: 92,331
Sep '25: 99,147
Dec '25: 97,771
Mar '26: 90,555
Jun '26: 1.0 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

−19.3%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like HITACHI ENERGY INDIA 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 −33% to +7% vs the market, against −5% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −14.0%, 80% range −24.7% to −5.3%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%
TANLA · Jan 2022: −62.8% vs market
GLAND · Nov 2021: −54.6% vs market
VAIBHAVGBL · Apr 2021: −54.6% vs market
THYROCARE · Jun 2021: −52.7% vs market
INDIAMART · Aug 2021: −47.6% vs market
POLYMED · May 2025: −41.5% vs market
IEX · Jan 2022: −40.7% vs market
SIEMENS · Jul 2024: −40.7% vs market
WHIRLPOOL · Aug 2020: −36.9% vs market
COFORGE · Sep 2021: −36.1% vs market
COCHINSHIP · Oct 2025: −34.2% vs market
MAZDOCK · Oct 2025: −34.0% vs market
KIOCL · Jun 2021: −32.7% vs market
ITDC · Feb 2024: −32.1% vs market
FINEORG · Dec 2022: −31.7% vs market
LALPATHLAB · Sep 2021: −31.7% vs market
MAPMYINDIA · Dec 2023: −30.5% vs market
ROUTE · Sep 2021: −30.1% vs market
KPITTECH · Nov 2023: −29.4% vs market
NEWGEN · Nov 2024: −28.1% vs market
SUZLON · Feb 2025: −27.3% vs market
DATAPATTNS · Sep 2023: −24.1% vs market
ASTRAZEN · Aug 2025: −23.7% vs market
SONACOMS · Jun 2022: −22.4% vs market
TRENT · Jun 2025: −21.0% vs market
BDL · Aug 2025: −17.5% vs market
DIVISLAB · Jan 2021: −12.0% vs market
AFFLE · Jul 2022: −11.8% vs market
SUPREMEIND · Sep 2023: −11.0% vs market
PIIND · Nov 2020: −7.9% vs market
KSB · Jul 2024: −7.4% vs market
ZENTEC · Aug 2024: −6.7% vs market
ASTRAL · Aug 2021: −4.3% vs market
BLS · Feb 2024: −3.5% vs market
LINDEINDIA · Sep 2023: −1.8% vs market
HONAUT · Jul 2020: +1.0% vs market
KFINTECH · Aug 2024: +6.6% vs market
CDSL · Aug 2024: +7.7% vs market
DMART · Jul 2020: +8.3% vs market
GRINDWELL · Nov 2021: +8.9% vs market
INGERRAND · May 2023: +10.5% vs market
NAVINFLUOR · Jul 2021: +11.4% vs market
SCHAEFFLER · Feb 2025: +20.6% vs market
CGPOWER · Aug 2025: +22.5% vs market
ABB · Apr 2025: +22.7% vs market
PERSISTENT · Feb 2022: +22.9% vs market
TRITURBINE · Aug 2023: +24.9% vs market
CUMMINSIND · Dec 2024: +28.3% vs market
BEL · Jul 2024: +28.7% vs market
NETWEB · Jul 2025: +111.4% vs market
Similar setups −19.3%All companies −5.3%← 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
−19.3%
All companies' median
−5.3%
Beat the market
30% vs 44%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BDL
Electronic Technology		 Aug 2025 96x20% +10%−29% −18%
LINDEINDIA
Process Industries		 Sep 2023 94x21% +80%−10% −2%
CGPOWER
Producer Manufacturing		 Aug 2025 109x37% 0%−19% +23%
ASTRAZEN
Health Technology		 Aug 2025 183x33% +28%−20% −24%
ASTRAL
Producer Manufacturing		 Aug 2021 102x29% +142%−9% −4%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TRITURBINE
Producer Manufacturing		 Aug 2023 65x29% +91%−8% +25%
FINEORG
Process Industries		 Dec 2022 68x39% +55%−20% −32%
HONAUT
Electronic Technology		 Jul 2020 49x35% +17%−29% +1%
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 P/S. 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 HITACHI ENERGY INDIA 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.

COFORGECOFORGE
Technology Services
58%similar
market caprevenue growth
GARDEN REACH SHIPBUILD ENGGRSE
Producer Manufacturing
58%similar
debt/equityrevenue
R R KABELRRKABEL
Producer Manufacturing
56%similar
ROCErevenue growth
ABB INDIAABB
Producer Manufacturing
54%similar
debt/equitymarket cap
GABRIEL INDIAGABRIEL
Producer Manufacturing
54%similar
ROCErevenue
ADITYA INFOTECHCPPLUS
Electronic Technology
69%similar
operating marginROCE
APAR INDUSTRIESAPARINDS
Electronic Technology
52%similar
ROCEmarket cap
NETWEB TECHNOLOGIES INDIANETWEB
Electronic Technology
51%similar
operating marginP/E

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

What changed?

30 events since May '23

  1. OctPriceFell 32% from the May 2026 peak to the Oct 2026 low.
  2. AugPriceVolume reached 5.3x its 50-day median on 2026-08-10; price +10.6% that day.
  3. JunPeer rankMoved into the top quartile of Electronic Technology on ROCE (from the 2nd quartile).
  4. FebPriceRegained the 2025-12 peak, 1 month after the low.
  5. JanPriceFell 29% from the Dec 2025 peak to the Jan 2026 low.
  6. JanPriceVolume reached 7.9x its 50-day median on 2026-01-09; price -3.1% that day.
  7. DecPeer rankMoved into the 2nd quartile of Electronic Technology on operating margin (from the 3rd quartile).
  8. NovPriceVolume reached 15.2x its 50-day median on 2025-11-04; price +14.2% that day.
Show 22 earlier events
  1. SepPeer rankSlipped to the 3rd quartile of Electronic Technology on operating margin (from the 2nd quartile).
  2. AugPriceVolume reached 15.6x its 50-day median on 2025-08-26; price +1.7% that day.
  3. JunPromoterPromoter holding fell 3.7 pts to 71.3%.
  4. JunInstitutionsFII + DII holding rose 3.6 pts over 1 quarter to 17.3%.
  5. JunPeer rankMoved into the 2nd quartile of Electronic Technology on operating margin (from the 3rd quartile).
  6. JunSharesShare count is up 12.5% over 12 months.
  7. MayPriceRegained the 2024-10 peak, 4 months after the low.
  8. MarPeer rankMoved into the 3rd quartile of Electronic Technology on operating margin (from the bottom quartile).
  9. JanPriceFell 40% from the Oct 2024 peak to the Jan 2025 low.
  10. JanPriceVolume reached 12.7x its 50-day median on 2025-01-31; price +4.8% that day.
  11. OctPriceVolume reached 6.8x its 50-day median on 2024-10-10; price +10.2% that day.
  12. SepPeer rankSlipped to the bottom quartile of Electronic Technology on operating margin (from the 3rd quartile).
  13. JunResultsYear-on-year EPS growth turned positive.
  14. JunPeer rankMoved into the 2nd quartile of Electronic Technology on ROCE (from the 3rd quartile).
  15. MayPriceVolume reached 17.6x its 50-day median on 2024-05-16; price +4.6% that day.
  16. MarPriceVolume reached 7.4x its 50-day median on 2024-03-05; price +3.7% that day.
  17. AugPriceVolume reached 8.9x its 50-day median on 2023-08-23; price +4.2% that day.
  18. JunResultsYear-on-year EPS growth turned negative.
  19. JunValuationP/E crossed above the 90th percentile of its own history to date (187.6x).
  20. JunPeer rankSlipped to the 3rd quartile of Electronic Technology on ROCE (from the top quartile).
  21. MayPriceRegained the 2022-03 peak, 12 months after the low.
  22. MayPriceVolume reached 11.6x its 50-day median on 2023-05-05; price +7.6% 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11109.1x₹9163 cr22.2%29.0%0.0x
2026-10105.5x₹9163 cr22.2%29.0%0.0x
2026-09118.7x₹9163 cr22.2%29.0%0.0x
2026-08152.3x₹8148 cr19.1%29.0%0.0x
2026-07145.2x₹8148 cr19.1%29.0%0.0x
2026-06157.6x₹8148 cr19.1%29.0%0.0x
2026-05203.7x₹7278 cr20.0%19.0%0.0x
2026-04177.8x₹7278 cr20.0%19.0%0.0x
2026-03128.4x₹7278 cr20.0%19.0%0.0x
2026-02157.3x₹6816 cr17.0%19.0%0.0x
2026-01116.1x₹6816 cr17.0%19.0%0.0x
2025-12112.7x₹6816 cr17.0%19.0%0.0x
2025-11190.9x₹6537 cr12.0%19.0%0.0x
2025-10153.9x₹6537 cr12.0%19.0%0.0x
2025-09155.8x₹6537 cr12.0%19.0%0.0x
2025-08216.0x₹6385 cr9.1%19.0%0.0x
2025-07227.1x₹6385 cr9.1%19.0%0.0x
2025-06226.1x₹6385 cr9.1%19.0%0.0x
2025-05260.7x₹6196 cr23.0%18.0%0.2x
2025-04196.3x₹6196 cr23.0%18.0%0.2x
2025-03170.9x₹6196 cr23.0%18.0%0.2x
2025-02239.9x₹5850 cr14.6%18.0%0.2x
2025-01273.5x₹5850 cr14.6%18.0%0.2x
2024-12306.4x₹5850 cr14.6%18.0%0.2x
2024-11295.5x₹5524 cr12.7%18.0%0.2x
2024-10340.9x₹5524 cr12.7%18.0%0.2x
2024-09358.8x₹5524 cr12.7%18.0%0.2x
2024-08312.9x₹5237 cr12.1%18.0%0.2x
2024-07300.3x₹5237 cr12.1%18.0%0.2x
2024-06334.1x₹5237 cr12.1%18.0%0.2x
2024-05485.9x₹4469 cr7.7%13.0%0.3x
2024-04432.3x₹4469 cr7.7%13.0%0.3x
2024-03314.6x₹4469 cr7.7%13.0%0.3x
2024-02270.9x₹4469 cr7.7%13.0%0.3x
2024-01267.6x₹4469 cr7.7%13.0%0.3x
2023-12237.6x₹4469 cr7.7%13.0%0.3x
2023-11210.8x₹4469 cr7.7%13.0%0.3x
2023-10187.0x₹4469 cr7.7%13.0%0.3x
2023-09185.0x₹4469 cr7.7%13.0%0.3x
2023-08198.6x₹4469 cr7.7%13.0%0.3x
2023-07177.9x₹4469 cr7.7%13.0%0.3x
2023-06187.6x₹4469 cr7.7%13.0%0.3x
2023-0580.2x₹4884 cr17.9%26.0%0.2x
2023-0468.9x₹4884 cr17.9%26.0%0.2x
2023-0369.7x₹4884 cr17.9%26.0%0.2x
2023-0269.3x₹4884 cr17.9%26.0%0.2x
2023-0164.7x₹4884 cr17.9%26.0%0.2x
2022-1269.8x₹4884 cr17.9%26.0%0.2x
2022-1161.5x₹4884 cr17.9%26.0%0.2x
2022-1065.9x₹4884 cr17.9%26.0%0.2x
2022-0972.7x₹4884 cr17.9%26.0%0.2x
2022-0878.0x₹4884 cr17.9%26.0%0.2x
2022-0767.2x₹4884 cr17.9%26.0%0.2x
2022-0665.7x₹4884 cr17.9%26.0%0.2x
2022-0598.6x₹3771 cr———
2022-0488.0x₹3771 cr———
2022-0398.4x₹3771 cr———
2022-02140.3x₹3420 cr10.7%19.0%0.0x
2022-01132.6x₹3420 cr10.7%19.0%0.0x
2021-12107.3x₹3420 cr10.7%19.0%0.0x

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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