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QUADRANT FUTURE TEK LIMITED (QUADFUTURE)

Electronic Technology · Communications 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.52 / 100
Profitability 4Balance 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.49 / 100
Price 88Earnings 54FII/DII 6

Passes these screensInstitutions in, retail out

Share price

Closing priceAdjusted for splits and bonus issues.

₹429.35 latest close · −8.6% over the last 90 sessions

₹400₹500Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹400₹500Jul 3Sep 4Nov 9

₹429.35 month-end · +41.0% over 12 months

₹300₹400₹500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹300₹400₹500Nov '25May '26Nov '26

₹429.35 month-end · −22.6% since Jan '25

₹300₹400₹500Jan '25May '25Oct '25Feb '26Jul '26Nov '26 ₹300₹400₹500Jan '25Dec '25Nov '26

52-week range ₹248.55 to ₹567.20 · 1-year volatility 59.9%

How rough has the ride been?

Maximum drawdown-64.7%not yet recovered
1-year volatility59.9%annualised
Beta vs sector index1.093-year daily, correlation 0.39
Volume spikes9last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2026−62.6% 0%−20%−40%−60%2026−62.6%
Largest drawdowns

-64.7% (2025-02 peak to 2025-12 low, not yet recovered)

-23.4% (2025-01 peak to 2025-01 low, recovered 2025-02)

Most recent volume spikes

2026-09-25: 6.2x the 50-day median, price +9.4% that day

2026-09-18: 5.2x the 50-day median, price +1.3% that day

2026-09-17: 7.2x the 50-day median, price +6.0% 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).

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

  • ROCE3rd▼ 4 pts vs a year ago
  • Op. margin6thflat vs a year ago
  • Revenue growth29th
  • Debt/equity ↓74th▲ 30 pts vs a year ago
  • Cash cycle ↓20th▼ 9 pts vs a year ago
  • 12M momentum72nd

Rank history

ROCE
Op. margin
Revenue growth
Debt/equity ↓
Cash cycle ↓
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?

Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.

“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

Key figures

Share Priceclose 9 Nov
₹429.35
ROCE
-15.0%
Market Cap
₹1719 cr
Revenue (TTM)
₹165 cr
P/S
10.4x
P/B
6.7x
ROE
-15.0%
Operating Margin
-8.3%
Debt / Equity
0.1x
Promoter Holding
70.0%
12M Momentum
41.0%

52-week range

₹248.55₹567.20
57% of the way from its 52-week low to its high

Price risk

1Y volatility
59.9%
Beta vs sector
1-year daily
1.10

Balance sheet & cash

Interest cover
operating profit ÷ interest
-10.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
-2.00x
low
Share count, 1Y
unchanged

Are profits backed by cash?

1 of 2checks within range1 beyond a threshold
Other income reliance—Not enough data

Not enough reported data to compute this.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. 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 progress3% of fixed assetsWithin range

Capital work-in-progress is 3% 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.

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?

  • Since Mar 2025, DIIs trimmed 6.3 pts.
  • The number of shareholders fell from 40,933 to 35,257 (-14%) between Mar 2025 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupMar '25Jun '26Change
Promoters70.0%70.0%0.0 pts
FIIs2.3%1.9%-0.4 pts
DIIs8.3%2.1%-6.3 pts
Public and others19.4%26.1%+6.7 pts

Number of shareholders

35,257shareholders-14% since Mar '25
35k38k41k44k Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Mar '25: 40,933
Jun '25: 42,651
Sep '25: 41,154
Dec '25: 43,826
Mar '26: 41,716
Jun '26: 35,257
35k38k41k44k Mar '25Sep '25Mar '26Jun '26
Mar '25: 40,933
Jun '25: 42,651
Sep '25: 41,154
Dec '25: 43,826
Mar '26: 41,716
Jun '26: 35,257

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

−20.9%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like QUADRANT FUTURE TEK 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 −34% to −2% vs the market, against −3% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −17.5%, 80% range −28.0% to −12.8%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
KAMOPAINTS · Jan 2024: −67.8% vs market
BROOKS · Jul 2025: −62.4% vs market
LLOYDS · Mar 2025: −55.2% vs market
HEG · Oct 2021: −50.5% vs market
GOLDTECH · Jun 2024: −48.9% vs market
MTNL · Jul 2024: −41.6% vs market
UNICHEMLAB · Nov 2020: −41.4% vs market
DEN · May 2020: −39.8% vs market
HATHWAY · May 2020: −37.5% vs market
PALASHSECU · Jan 2025: −37.5% vs market
KIOCL · Jun 2024: −34.4% vs market
SUPREMEINF · Jul 2025: −34.3% vs market
SUVEN · Oct 2021: −34.0% vs market
MAXIND · Jun 2024: −33.4% vs market
BALAJITELE · May 2020: −33.0% vs market
IITL · May 2020: −32.4% vs market
DWARKESH · Jul 2022: −31.8% vs market
MAHAPEXLTD · Jul 2023: −29.7% vs market
HCL-INSYS · May 2025: −29.5% vs market
CCHHL · Jul 2024: −28.8% vs market
JAICORPLTD · Dec 2023: −28.5% vs market
SUBEXLTD · Jul 2023: −28.3% vs market
EMAMIREAL · Apr 2025: −25.3% vs market
NOIDATOLL · Jun 2022: −22.5% vs market
NITIRAJ · Mar 2025: −22.4% vs market
GREAVESCOT · Aug 2022: −19.3% vs market
ARROWGREEN · May 2021: −17.7% vs market
GUJAPOLLO · Oct 2025: −17.6% vs market
SHALPAINTS · Feb 2020: −16.9% vs market
ASHIANA · May 2021: −16.3% vs market
EMBDL · Jun 2024: −16.1% vs market
PANACEABIO · Aug 2025: −15.8% vs market
BORORENEW · Aug 2025: −15.4% vs market
MOTOGENFIN · May 2020: −12.0% vs market
TREEHOUSE · Dec 2022: −7.6% vs market
ASIANENE · Mar 2024: −4.2% vs market
AURUM · Oct 2022: −4.0% vs market
GMDCLTD · May 2022: −0.9% vs market
AURIONPRO · Mar 2022: −0.6% vs market
ITI · Aug 2024: +1.1% vs market
ZOTA · Aug 2023: +1.6% vs market
KREBSBIO · Dec 2020: +7.3% vs market
SEPC · Oct 2023: +8.2% vs market
FCSSOFT · Jul 2021: +16.2% vs market
PAYTM · Feb 2025: +30.1% vs market
DHANI · Jun 2024: +36.1% vs market
TEJASNET · Jul 2022: +52.1% vs market
LYKALABS · May 2021: +66.8% vs market
RSSOFTWARE · Dec 2023: +191.9% vs market
GENESYS · Jun 2021: +310.0% vs market
Similar setups −20.9%All companies −3.4%← 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
−20.9%
All companies' median
−3.4%
Beat the market
22% vs 46%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BROOKS
Health Technology
Jul 2025 —-10% +66%−21% −62%
GENESYS
Technology Services
Jun 2021 —-7% +197%−7% +310%
TEJASNET
Electronic Technology
Jul 2022 —-7% +83%−16% +52%
MAXIND
Health Services
Jun 2024 —-8% +147%−6% −33%
PANACEABIO
Health Technology
Aug 2025 —-5% +90%−25% −16%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RSSOFTWARE
Technology Services
Dec 2023 —-24% +136%−8% +192%
SHALPAINTS
Process Industries
Feb 2020 —-18% +30%−21% −17%
AURUM
Technology Services
Oct 2022 —-11% +93%−22% −4%
How reliable is this?

Matched on 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 debt/equity. Not used (unavailable for this company): P/E. This company is loss-making, so it was only compared with loss-making companies. 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 QUADRANT FUTURE TEK 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.

PANACEA BIOTECPANACEABIO
Health Technology
69%similar
ROCEoperating margin
Health Technology
62%similar
operating marginrevenue
Finance
55%similar
operating marginrevenue
Health Technology
54%similar
promoter holdingROCE
Finance
54%similar
revenueoperating margin
Electronic Technology
35%similar
market capdebt/equity
Electronic Technology
15%similar
volatilitypromoter holding
Electronic Technology
12%similar
ROCEvolatility

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

What changed?

13 events since Apr '25

  1. SepResultsRevenue (TTM) reached a new high of ₹165 cr.
  2. AugPriceVolume reached 78.1x its 50-day median on 2026-08-24; price +10.3% that day.
  3. JunPriceVolume reached 60.0x its 50-day median on 2026-06-01; price +10.4% that day.
  4. MarSharesShare count is up 200.0% over 12 months.
  5. JanDebtDebt / equity halved over 12 months to 0.29x.
  6. JanPriceVolume reached 19.7x its 50-day median on 2026-01-14; price +8.7% that day.
  7. DecInstitutionsFII + DII holding fell 4.4 pts over 2 quarters to 6.3%.
  8. DecPriceFell 65% from the Feb 2025 peak to the Dec 2025 low.
Show 5 earlier events
  1. DecPriceVolume reached 142.3x its 50-day median on 2025-12-23; price +5.8% that day.
  2. SepPriceVolume reached 33.8x its 50-day median on 2025-09-01; price +12.3% that day.
  3. JunPeer rankSlipped to the bottom quartile of Electronic Technology on ROCE (from the 2nd quartile).
  4. JunDebtDebt / equity fell below 1.0x (0.29x).
  5. AprPriceVolume reached 5.8x its 50-day median on 2025-04-02; price +8.1% 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 history23 months · 2025-01 to 2026-11
MonthRevenue (TTM)ROEROCEDebt / Equity
2026-11₹165 cr-15.0%-15.0%0.1x
2026-10₹165 cr-15.0%-15.0%0.1x
2026-09₹165 cr-15.0%-15.0%0.1x
2026-08₹153 cr-16.6%-15.0%0.1x
2026-07₹153 cr-16.6%-15.0%0.1x
2026-06₹153 cr-16.6%-15.0%0.1x
2026-05₹155 cr-14.3%-7.0%0.3x
2026-04₹155 cr-14.3%-7.0%0.3x
2026-03₹155 cr-14.3%-7.0%0.3x
2026-02₹149 cr-12.2%-7.0%0.3x
2026-01₹149 cr-12.2%-7.0%0.3x
2025-12₹149 cr-12.2%-7.0%0.3x
2025-11₹154 cr-8.0%-7.0%0.3x
2025-10₹154 cr-8.0%-7.0%0.3x
2025-09₹154 cr-8.0%-7.0%0.3x
2025-08₹151 cr-6.6%-7.0%0.3x
2025-07₹151 cr-6.6%-7.0%0.3x
2025-06₹151 cr-6.6%-7.0%0.3x
2025-05₹144 cr-44.7%22.0%1.7x
2025-04₹144 cr-44.7%22.0%1.7x
2025-03₹144 cr-44.7%22.0%1.7x
2025-02₹155 cr-29.0%22.0%1.7x
2025-01₹155 cr-29.0%22.0%1.7x

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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