52-week range
Price risk
What changed?
- Jun '26Year-on-year EPS growth turned negative.
- Jun '26Slipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
- Feb '26P/E crossed above the 90th percentile of its own history to date (37.3x).
- Nov '25Slipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
- Jun '25Revenue (TTM) reached a new high of ₹138 cr.
- Jun '25P/E crossed above the 90th percentile of its own history to date (22.7x).
- Jun '25Moved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
- May '25Regained the 2024-09 peak, 2 months after the low.
Show 7 earlier events
- Mar '25Fell 36% from the Sep 2024 peak to the Mar 2025 low.
- Sep '24Regained the 2023-08 peak, 6 months after the low.
- Jun '24Revenue (TTM) reached a new high of ₹129 cr.
- Mar '24Fell 36% from the Aug 2023 peak to the Mar 2024 low.
- Dec '23Promoter holding fell 5.5 pts to 55.6%.
- Jul '23Regained the 2021-09 peak, 14 months after the low.
- May '22Fell 54% from the Sep 2021 peak to the May 2022 low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Are profits backed by cash?
2 of 3 checks are within range, 1 near a threshold.
Tap a check to see how it is measured.
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 conversion0.53xNear threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.53x (cash from operations ₹8 cr, net profit ₹15 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow4 of 4 yrsWithin range
Fiscal years with positive free cash flow in the last 4: 4. 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 progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, promoters trimmed 4.1 pts.
- The number of shareholders fell from 390 to 362 (-7%) between Sep 2021 and Mar 2026.
Holdings, Mar '26
How each group changed
Number of shareholders
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.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-54.0% (2021-09 peak to 2022-05 low, recovered 2023-07)
-36.4% (2023-08 peak to 2024-03 low, recovered 2024-09)
-35.6% (2024-09 peak to 2025-03 low, recovered 2025-05)
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).
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
Monthly history (41 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | — | — | — | — | — |
| 2026-09 | — | — | — | — | — |
| 2026-08 | 32.7x | ₹121 cr | 11.3% | 13.0% | 0.7x |
| 2026-07 | 36.2x | ₹121 cr | 11.3% | 13.0% | 0.7x |
| 2026-06 | 36.6x | ₹121 cr | 11.3% | 13.0% | 0.7x |
| 2026-05 | 33.8x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2026-04 | 37.5x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2026-03 | 36.0x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2026-02 | 37.3x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2026-01 | 27.7x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2025-12 | 27.7x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2025-11 | 26.3x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2025-10 | 29.9x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2025-09 | 29.5x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2025-08 | 29.6x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2025-07 | 25.1x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2025-06 | 22.7x | ₹138 cr | 12.9% | 16.0% | 0.8x |
| 2025-05 | 21.0x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2025-04 | 12.3x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2025-03 | 11.5x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2025-02 | 14.3x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2025-01 | 15.0x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2024-12 | 14.6x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2024-11 | 15.2x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2024-10 | 15.2x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2024-09 | 17.3x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2024-08 | 16.9x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2024-07 | 15.2x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2024-06 | 13.5x | ₹129 cr | 15.0% | 18.0% | 0.9x |
| 2024-05 | 16.2x | ₹117 cr | 17.3% | — | 0.9x |
| 2024-04 | 17.9x | ₹117 cr | 17.3% | — | 0.9x |
| 2024-03 | 13.9x | ₹117 cr | 17.3% | — | 0.9x |
| 2024-02 | 17.7x | ₹117 cr | 17.3% | — | 0.9x |
| 2024-01 | 18.9x | ₹117 cr | 17.3% | — | 0.9x |
| 2023-12 | 15.8x | ₹117 cr | 17.3% | — | 0.9x |
| 2023-11 | 18.9x | ₹117 cr | 17.3% | — | 0.9x |
| 2023-10 | 16.7x | ₹117 cr | 17.3% | — | 0.9x |
| 2023-09 | 15.7x | ₹117 cr | 17.3% | — | 0.9x |
| 2023-08 | 19.1x | ₹117 cr | 17.3% | — | 0.9x |
| 2023-07 | 19.5x | ₹117 cr | 17.3% | — | 0.9x |
| 2023-06 | 14.3x | ₹117 cr | 17.3% | — | 0.9x |