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SERVOTECH RENEWABLE POWER SYST (SERVOTECH)

Producer Manufacturing · Electrical Products · 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 40Growth 90Balance sheet 25
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.28 / 100
Price 15Earnings 41

Passes these screensLittle growth priced in

Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹68.23 latest close · −32.7% over the last 90 sessions

₹60₹80₹100Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹60₹80₹100Jul 3Sep 4Nov 9

₹68.23 month-end · −25.1% over 12 months

₹60₹80₹100Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹60₹80₹100Nov '25May '26Nov '26

₹68.23 month-end · −12.9% over 3 years

₹50₹100₹150₹200Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹50₹100₹150₹200Nov '23May '25Nov '26

₹68.23 month-end · +2684.9% since Sep '21

₹0₹100₹200Sep '21Sep '22Oct '23Oct '24Nov '25Nov '26 ₹0₹100₹200Sep '21Apr '24Nov '26

52-week range ₹57.51 to ₹120.20 · 1-year volatility 52.9%

Was the rally earned?

-25%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 9 points, but investors now pay less per rupee of profit (P/E 60.7x to 41.1x), which took 34 points back.
  • The share count fell 3%.
Net profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6 ptsNet profit growthP/E change: −34 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−34 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: −25%−25%Share priceNet profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6ProfitP/E change: −34 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−34P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: −25%−25%Share price
Net profit growth+6 ptsNet profit rose about 8%, which lifts the price.
P/E change-34 ptsThe P/E fell from 60.7x to 41.1x, which lowers the price.
Share count change+3 ptsShare count fell 3%, which lifts the price.
-13%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 108 points, but investors now pay less per rupee of profit (P/E 150.7x to 41.1x), which took 121 points back.
  • The share count barely moved.
Net profit growth: +109 pts. Points of the price return explained by net profit growing (or shrinking).+109 ptsNet profit growthP/E change: −121 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−121 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −13%−13%Share priceNet profit growth: +109 pts. Points of the price return explained by net profit growing (or shrinking).+109ProfitP/E change: −121 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−121P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −13%−13%Share price
Net profit growth+109 ptsNet profit rose about 220%, which lifts the price.
P/E change-121 ptsThe P/E fell from 150.7x to 41.1x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+2032%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 2326 points, but investors now pay less per rupee of profit (P/E 64.0x to 41.1x), which took 294 points back.
  • The share count rose 28%.
Net profit growth: +2489 pts. Points of the price return explained by net profit growing (or shrinking).+2489 ptsNet profit growthP/E change: −294 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−294 ptsP/E changeShare count change: −163 pts. Points of the price return explained by the share count changing. More shares count against the price.−163 ptsShare count changeShare price: +2032%+2032%Share priceNet profit growth: +2489 pts. Points of the price return explained by net profit growing (or shrinking).+2489ProfitP/E change: −294 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−294P/EShare count change: −163 pts. Points of the price return explained by the share count changing. More shares count against the price.−163SharesShare price: +2032%+2032%Share price
Net profit growth+2489 ptsNet profit rose about 4142%, which lifts the price.
P/E change-294 ptsThe P/E fell from 64.0x to 41.1x, which lowers the price.
Share count change-163 ptsShare count rose 28%, 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 BHARAT HEAVY ELECTRICALS

How rough has the ride been?

Maximum drawdown-70.8%not yet recovered
1-year volatility52.9%annualised
Beta vs sector index1.243-year daily, correlation 0.49
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%20222023202420252026−70.7% 0%−20%−40%−60%202220242026−70.7%
Largest drawdowns

-70.8% (2024-09 peak to 2026-01 low, not yet recovered)

-50.2% (2022-02 peak to 2022-07 low, recovered 2022-09)

-35.7% (2021-09 peak to 2021-11 low, recovered 2021-11)

Most recent volume spikes

2026-11-04: 8.8x the 50-day median, price +7.8% 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?

41.1xP/E todayNear its historic low
Against its own history8th percentile
CheapestMedian 96.4xDearest

Usual range 43.5x to 211.4x since 2021-09.

Against Producer Manufacturing41.1x vs 29.6x
This company
41.1x
Sector median
29.6x

39% above the Producer Manufacturing median.

24.9x128.8x232.8x336.8xSep '21Oct '22Nov '23Dec '24Jan '26Nov '2624.9x128.8x232.8x336.8xSep '21Jun '23Mar '25Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

  • ROCE41st▼ 23 pts vs a year ago
  • Op. margin38th▲ 14 pts vs a year ago
  • Revenue growth31st▼ 66 pts vs a year ago
  • EPS growth50th▼ 46 pts vs a year ago
  • Debt/equity ↓19th▼ 24 pts vs a year ago
  • Cash cycle ↓72nd▲ 13 pts vs a year ago
  • P/E ↓31st▲ 12 pts vs a year ago
  • 12M momentum23rd▲ 17 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?

~32%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 78.6x, a holder earning 12%/yr needs earnings to grow about 31.8%/yr for 10 years, then trade at 15x.

Delivered63.2%/yrEPS, last 6 fiscal years · 3-yr avg to 3-yr avg
Gap−28.2 ptsimplied minus delivered
Rank815thmost demanding of 856

Over time

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

0%32%63% Sep 2021Nov 2026 0%32%63% Sep 2021Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x33.5%34.7%35.9%
15x30.6%31.8%32.9%
20x26.9%28.1%29.2%

Drag a slider to test other assumptions

Implied: 31.8%/yr

Looking back

  • Jan 2022Price implied 46%/yr; EPS has since grown 90%/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
₹68.23
P/E
41.1x
ROCE
13.0%
Market Cap
₹1540 cr
Revenue (TTM)
₹751 cr
P/S
2.1x
P/B
5.3x
ROE
13.0%
Operating Margin
9.5%
Debt / Equity
0.7x
Promoter Holding
58.6%
12M Momentum
-25.1%

52-week range

₹57.51₹120.20
17% of the way from its 52-week low to its high

Price risk

1Y volatility
52.9%
Beta vs sector
1-year daily
1.31

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
-0.73x
low
Share count, 1Y
+4.5%

Are profits backed by cash?

3 of 7checks within range2 beyond a threshold
Other income reliance9%Within range

Other income as a share of pre-tax profit (trailing twelve months): 8.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.73xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.73x (cash from operations ₹-56 cr, net profit ₹77 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

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+30 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 30 days (119 vs 89). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+53 days / 2 yrsNear threshold

Days payable changed by +53 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 trimmed 4.8 pts; promoters trimmed 2.0 pts.
  • The number of shareholders rose from 55,515 to 2.0 lakh (+253%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters60.6%58.6%-2.0 pts
FIIs4.8%0.1%-4.8 pts
DIIs———
Public and others34.6%41.3%+6.8 pts

Number of shareholders

2.0 lakhshareholders+253% since Dec '23
56k1.1L1.6L2.1L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 55,515
Mar '24: 1.5 lakh
Jun '24: 1.5 lakh
Sep '24: 1.8 lakh
Dec '24: 2.0 lakh
Mar '25: 2.0 lakh
Jun '25: 2.1 lakh
Sep '25: 2.1 lakh
Dec '25: 2.0 lakh
Mar '26: 2.0 lakh
Jun '26: 2.0 lakh
 56k1.1L1.6L2.1L Dec '23Dec '24Dec '25Jun '26
Dec '23: 55,515
Mar '24: 1.5 lakh
Jun '24: 1.5 lakh
Sep '24: 1.8 lakh
Dec '24: 2.0 lakh
Mar '25: 2.0 lakh
Jun '25: 2.1 lakh
Sep '25: 2.1 lakh
Dec '25: 2.0 lakh
Mar '26: 2.0 lakh
Jun '26: 2.0 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

+1.1%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 SERVOTECH RENEWABLE POWER SYST 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 −26% to +55% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+2.3%, 80% range −10.0% to +8.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ROSSELLIND · Mar 2024: −85.4% vs market
PAKKA · Jun 2025: −61.2% vs market
PAVNAIND · Mar 2025: −59.5% vs market
EPACK · Oct 2025: −51.9% vs market
JINDWORLD · May 2025: −50.9% vs market
DYNPRO · Jul 2022: −43.4% vs market
REPRO · Jun 2020: −42.9% vs market
HIKAL · Dec 2022: −41.6% vs market
GVT&D · Jan 2020: −41.4% vs market
ZEELEARN · Jun 2020: −40.1% vs market
TAJGVK · Nov 2020: −35.0% vs market
LIBERTSHOE · Sep 2025: −32.9% vs market
BBTCL · Jun 2023: −27.4% vs market
PRIVISCL · Jul 2022: −23.2% vs market
GOKEX · Aug 2024: −22.3% vs market
KOKUYOCMLN · Aug 2020: −19.1% vs market
SOUTHWEST · Feb 2024: −14.0% vs market
YUKEN · Apr 2025: −13.4% vs market
DCXINDIA · Apr 2024: −13.1% vs market
GRPLTD · Sep 2025: −11.2% vs market
NELCO · Mar 2023: −9.7% vs market
SAKAR · May 2024: −9.3% vs market
SOBHA · Sep 2022: −5.8% vs market
ROHLTD · Jan 2021: −1.2% vs market
ALICON · May 2023: −0.3% vs market
GREENLAM · Sep 2024: +2.4% vs market
SHK · Feb 2021: +2.8% vs market
CENTUM · Jul 2020: +6.7% vs market
HESTERBIO · May 2025: +9.7% vs market
NRBBEARING · Jul 2020: +14.9% vs market
CAMLINFINE · Aug 2022: +16.4% vs market
ORIENTCEM · Jun 2020: +17.2% vs market
SIGNPOST · Jun 2025: +27.9% vs market
GOACARBON · Jul 2020: +30.4% vs market
XPROINDIA · Feb 2023: +44.1% vs market
SOMANYCERA · Jan 2020: +46.2% vs market
POKARNA · Sep 2023: +50.9% vs market
CHALET · May 2021: +55.7% vs market
ACLGATI · Apr 2020: +56.8% vs market
OAL · Sep 2025: +62.3% vs market
AVALON · Apr 2024: +63.8% vs market
MMFL · Oct 2020: +73.4% vs market
SALASAR · Jul 2022: +75.2% vs market
TIRUPATIFL · Oct 2025: +83.9% vs market
WELSPUNLIV · Apr 2020: +89.2% vs market
HINDWAREAP · Dec 2020: +95.5% vs market
NGLFINE · Sep 2025: +105.9% vs market
SHAILY · Aug 2023: +109.9% vs market
MARATHON · Oct 2021: +140.7% vs market
AXISCADES · Sep 2024: +189.4% vs market
Similar setups +1.1%All companies −1.2%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
+1.1%
All companies' median
−1.2%
Beat the market
50% vs 49%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KOKUYOCMLN
Consumer Durables		 Aug 2020 38x9% −15%−35% −19%
DYNPRO
Consumer Non-Durables		 Jul 2022 38x10% −19%−37% −43%
HINDWAREAP
Producer Manufacturing		 Dec 2020 55x12% +13%−15% +96%
AVALON
Electronic Technology		 Apr 2024 57x17% +38%−26% +64%
SHAILY
Process Industries		 Aug 2023 45x11% −13%−17% +110%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TAJGVK
Consumer Services		 Nov 2020 31x10% −14%−33% −35%
GRPLTD
Producer Manufacturing		 Sep 2025 40x18% −36%−40% −11%
PRIVISCL
Process Industries		 Jul 2022 50x10% −22%−44% −23%
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: interest cover, 12-month momentum 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 SERVOTECH RENEWABLE POWER SYST. 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.

ASIAN ENERGY SERVICESASIANENE
Energy Minerals
71%similar
market cappromoter holding
COMMERCIAL SYN BAGSCOMSYN
Process Industries
71%similar
debt/equityvolatility
UNITED POLYFAB GUJARATUNITEDPOLY
Process Industries
69%similar
revenuedebt/equity
PASHUPATI COTSPINPASHUPATI
Process Industries
67%similar
operating marginrevenue
RATNAVEER PRECISION ENGRATNAVEER
Non-Energy Minerals
64%similar
P/Eoperating margin
MARINE ELECTRICALS INDIAMARINE
Producer Manufacturing
52%similar
EPS growthvolatility
PITTI ENGINEERINGPITTIENG
Producer Manufacturing
51%similar
debt/equityROCE
RANE (MADRAS)RML
Producer Manufacturing
48%similar
ROCEoperating margin

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

What changed?

30 events since Feb '24

  1. NovPriceVolume reached 8.8x its 50-day median on 2026-11-04; price +7.8% that day.
  2. SepResultsRevenue (TTM) reached a new high of ₹751 cr.
  3. AugValuationP/E fell below the 10th percentile of its own history to date (53.9x).
  4. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  5. JunDividendDividend payout cut from 3% to 1% of profit.
  6. JunPriceVolume reached 12.1x its 50-day median on 2026-06-03; price +11.2% that day.
  7. MarValuationP/E fell below the 10th percentile of its own history to date (48.3x).
  8. MarPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
Show 22 earlier events
  1. FebPriceVolume reached 11.7x its 50-day median on 2026-02-03; price +12.8% that day.
  2. JanPriceFell 71% from the Sep 2024 peak to the Jan 2026 low.
  3. DecPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  4. NovValuationP/E fell below the 10th percentile of its own history to date (60.7x).
  5. OctPriceVolume reached 7.7x its 50-day median on 2025-10-07; price +0.8% that day.
  6. SepPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  7. SepPriceVolume reached 6.9x its 50-day median on 2025-09-10; price +3.3% that day.
  8. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
  9. JunDividendDividend payout cut from 9% to 3% of profit.
  10. JunPriceVolume reached 26.4x its 50-day median on 2025-06-04; price +11.4% that day.
  11. MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  12. DecPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  13. SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  14. JulPriceRegained the 2024-02 peak, 4 months after the low.
  15. JulValuationP/E crossed above the 90th percentile of its own history to date (225.0x).
  16. JulPriceVolume reached 18.2x its 50-day median on 2024-07-16; price +4.4% that day.
  17. JunResultsRevenue (TTM) reached a new high of ₹354 cr.
  18. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  19. JunDividendDividend payout cut from 23% to 9% of profit.
  20. JunPriceVolume reached 6.1x its 50-day median on 2024-06-24; price +2.0% that day.
  21. MarPriceFell 27% from the Feb 2024 peak to the Mar 2024 low.
  22. FebPriceRegained the 2023-06 peak, 4 months after the 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

Monthly history63 months · 2021-09 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1141.1x₹751 cr13.0%13.0%0.7x
2026-1037.4x₹751 cr13.0%13.0%0.7x
2026-0942.3x₹751 cr13.0%13.0%0.7x
2026-0853.9x₹672 cr11.7%13.0%0.7x
2026-0758.0x₹672 cr11.7%13.0%0.7x
2026-0668.3x₹672 cr11.7%13.0%0.7x
2026-0575.6x₹601 cr12.7%20.0%0.3x
2026-0473.6x₹601 cr12.7%20.0%0.3x
2026-0348.3x₹601 cr12.7%20.0%0.3x
2026-0272.0x₹606 cr9.9%20.0%0.3x
2026-0156.2x₹606 cr9.9%20.0%0.3x
2025-1275.7x₹606 cr9.9%20.0%0.3x
2025-1160.7x₹699 cr14.8%20.0%0.3x
2025-1080.6x₹699 cr14.8%20.0%0.3x
2025-0982.5x₹699 cr14.8%20.0%0.3x
2025-0883.5x₹674 cr14.7%20.0%0.3x
2025-0793.0x₹674 cr14.7%20.0%0.3x
2025-0699.9x₹674 cr14.7%20.0%0.3x
2025-0596.4x₹664 cr21.3%11.0%0.5x
2025-0495.3x₹664 cr21.3%11.0%0.5x
2025-0395.7x₹664 cr21.3%11.0%0.5x
2025-02121.9x₹500 cr15.2%11.0%0.5x
2025-01161.7x₹500 cr15.2%11.0%0.5x
2024-12181.1x₹500 cr15.2%11.0%0.5x
2024-11319.7x₹386 cr9.1%11.0%0.5x
2024-10336.8x₹386 cr9.1%11.0%0.5x
2024-09327.8x₹386 cr9.1%11.0%0.5x
2024-08259.1x₹354 cr8.9%11.0%0.5x
2024-07225.0x₹354 cr8.9%11.0%0.5x
2024-06160.3x₹354 cr8.9%11.0%0.5x
2024-05153.1x₹278 cr14.3%18.0%0.5x
2024-04165.0x₹278 cr14.3%18.0%0.5x
2024-03149.2x₹278 cr14.3%18.0%0.5x
2024-02191.0x₹278 cr14.3%18.0%0.5x
2024-01174.2x₹278 cr14.3%18.0%0.5x
2023-12147.4x₹278 cr14.3%18.0%0.5x
2023-11150.7x₹278 cr14.3%18.0%0.5x
2023-10150.9x₹278 cr14.3%18.0%0.5x
2023-09150.6x₹278 cr14.3%18.0%0.5x
2023-08158.0x₹278 cr14.3%18.0%0.5x
2023-07179.8x₹278 cr14.3%18.0%0.5x
2023-06149.4x₹278 cr14.3%18.0%0.5x
2023-05244.5x₹144 cr8.7%12.0%0.4x
2023-04129.8x₹144 cr8.7%12.0%0.4x
2023-0381.8x₹144 cr8.7%12.0%0.4x
2023-0283.6x₹144 cr8.7%12.0%0.4x
2023-01110.9x₹144 cr8.7%12.0%0.4x
2022-1272.3x₹144 cr8.7%12.0%0.4x
2022-1174.8x₹144 cr8.7%12.0%0.4x
2022-1073.0x₹144 cr8.7%12.0%0.4x
2022-0984.1x₹144 cr8.7%12.0%0.4x
2022-0842.3x₹144 cr8.7%12.0%0.4x
2022-0726.6x₹144 cr8.7%12.0%0.4x
2022-0628.6x₹144 cr8.7%12.0%0.4x
2022-05118.0x₹87 cr2.3%—0.6x
2022-04160.0x₹87 cr2.3%—0.6x
2022-03183.0x₹87 cr2.3%—0.6x
2022-02197.0x₹87 cr2.3%—0.6x
2022-01215.0x₹87 cr2.3%—0.6x
2021-12152.0x₹87 cr2.3%—0.6x
2021-1164.0x₹87 cr2.3%—0.6x
2021-1038.0x₹87 cr2.3%—0.6x
2021-0949.0x₹87 cr2.3%—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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