52-week range
Price risk
Balance sheet & cash
Per-share figures around a recent split, bonus issue or demerger may not yet be consistent.
What changed?
- Jun '26EPS (TTM) turned positive.
- Jun '26Slipped to the bottom quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
- Dec '25Moved into the 2nd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
- Sep '25Slipped to the bottom quartile of Producer Manufacturing on operating margin (from the top quartile).
- Jun '25Moved into the 2nd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
- Mar '25Moved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
- Dec '24Revenue (TTM) reached a new high of ₹665 cr.
- Sep '24Moved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
Show 4 earlier events
- Mar '23Fell 86% from the Jan 2019 peak to the Mar 2023 low.
- Jun '20EPS (TTM) turned negative.
- Jun '20Slipped to the bottom quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
- Jun '20Dividend payout cut from 427% to 0% of profit.
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?
4 of 6 checks are within range, 2 beyond a threshold.
Tap a check to see how it is measured.
Other income reliance144%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 143.6%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate0%Beyond threshold
Median quarterly effective tax rate over about 2.5 years: 0.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow4 of 5 yrsWithin range
Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+8 daysWithin range
Debtor days are above the median of the previous three fiscal years by 8 days (34 vs 26). 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-4 days / 2 yrsWithin range
Days payable changed by -4 over two years. Bands: rise of up to 30 days; more than 30 days.
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 2 years, institutional and promoter holdings were broadly unchanged.
- The number of shareholders fell from 31,881 to 28,600 (-10%) between Dec 2023 and Jun 2026.
Holdings, Jun '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
-86.2% (2019-01 peak to 2023-03 low, not yet recovered)
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
What happened next to similar setups
Not enough comparable history to show analogs for this company yet.
Monthly history (94 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | — | ₹482 cr | — | 21.0% | — |
| 2026-09 | — | ₹482 cr | — | 21.0% | — |
| 2026-08 | 32.8x | ₹476 cr | — | 21.0% | — |
| 2026-07 | 32.8x | ₹476 cr | — | 21.0% | — |
| 2026-06 | 30.9x | ₹476 cr | — | 21.0% | — |
| 2026-05 | — | ₹634 cr | — | 21.0% | — |
| 2026-04 | — | ₹634 cr | — | 21.0% | — |
| 2026-03 | — | ₹634 cr | — | 21.0% | — |
| 2026-02 | — | ₹617 cr | — | 21.0% | — |
| 2026-01 | — | ₹617 cr | — | 21.0% | — |
| 2025-12 | — | ₹617 cr | — | 21.0% | — |
| 2025-11 | — | ₹598 cr | — | 21.0% | — |
| 2025-10 | — | ₹598 cr | — | 21.0% | — |
| 2025-09 | — | ₹598 cr | — | 21.0% | — |
| 2025-08 | — | ₹714 cr | — | 21.0% | — |
| 2025-07 | — | ₹714 cr | — | 21.0% | — |
| 2025-06 | — | ₹714 cr | — | 21.0% | — |
| 2025-05 | — | ₹680 cr | — | 9.0% | — |
| 2025-04 | — | ₹680 cr | — | 9.0% | — |
| 2025-03 | — | ₹680 cr | — | 9.0% | — |
| 2025-02 | — | ₹665 cr | — | 9.0% | — |
| 2025-01 | — | ₹665 cr | — | 9.0% | — |
| 2024-12 | — | ₹665 cr | — | 9.0% | — |
| 2024-11 | — | ₹651 cr | — | 9.0% | — |
| 2024-10 | — | ₹651 cr | — | 9.0% | — |
| 2024-09 | — | ₹651 cr | — | 9.0% | — |
| 2024-08 | — | ₹633 cr | — | 9.0% | — |
| 2024-07 | — | ₹633 cr | — | 9.0% | — |
| 2024-06 | — | ₹633 cr | — | 9.0% | — |
| 2024-05 | — | ₹527 cr | — | 1.0% | — |
| 2024-04 | — | ₹527 cr | — | 1.0% | — |
| 2024-03 | — | ₹527 cr | — | 1.0% | — |
| 2024-02 | — | ₹527 cr | — | 1.0% | — |
| 2024-01 | — | ₹527 cr | — | 1.0% | — |
| 2023-12 | — | ₹527 cr | — | 1.0% | — |
| 2023-11 | — | ₹527 cr | — | 1.0% | — |
| 2023-10 | — | ₹527 cr | — | 1.0% | — |
| 2023-09 | — | ₹527 cr | — | 1.0% | — |
| 2023-08 | — | ₹527 cr | — | 1.0% | — |
| 2023-07 | — | ₹527 cr | — | 1.0% | — |
| 2023-06 | — | ₹527 cr | — | 1.0% | — |
| 2023-05 | — | ₹423 cr | — | -9.0% | — |
| 2023-04 | — | ₹423 cr | — | -9.0% | — |
| 2023-03 | — | ₹423 cr | — | -9.0% | — |
| 2023-02 | — | ₹423 cr | — | -9.0% | — |
| 2023-01 | — | ₹423 cr | — | -9.0% | — |
| 2022-12 | — | ₹423 cr | — | -9.0% | — |
| 2022-11 | — | ₹423 cr | — | -9.0% | — |
| 2022-10 | — | ₹423 cr | — | -9.0% | — |
| 2022-09 | — | ₹423 cr | — | -9.0% | — |
| 2022-08 | — | ₹423 cr | — | -9.0% | — |
| 2022-07 | — | ₹423 cr | — | -9.0% | — |
| 2022-06 | — | ₹423 cr | — | -9.0% | — |
| 2022-05 | — | ₹348 cr | — | -8.0% | — |
| 2022-04 | — | ₹348 cr | — | -8.0% | — |
| 2022-03 | — | ₹348 cr | — | -8.0% | — |
| 2022-02 | — | ₹348 cr | — | -8.0% | — |
| 2022-01 | — | ₹348 cr | — | -8.0% | — |
| 2021-12 | — | ₹348 cr | — | -8.0% | — |
| 2021-11 | — | ₹348 cr | — | -8.0% | — |
| 2021-10 | — | ₹348 cr | — | -8.0% | — |
| 2021-09 | — | ₹348 cr | — | -8.0% | — |
| 2021-08 | — | ₹348 cr | — | -8.0% | — |
| 2021-07 | — | ₹348 cr | — | -8.0% | — |
| 2021-06 | — | ₹348 cr | — | -8.0% | — |
| 2021-05 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2021-04 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2021-03 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2021-02 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2021-01 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2020-12 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2020-11 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2020-10 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2020-09 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2020-08 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2020-07 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2020-06 | — | ₹451 cr | -47.6% | 2.0% | 4.0x |
| 2020-05 | 21.0x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2020-04 | 24.0x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2020-03 | 13.3x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2020-02 | 20.7x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2020-01 | 32.7x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2019-12 | 33.1x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2019-11 | 33.8x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2019-10 | 37.0x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2019-09 | 36.9x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2019-08 | 36.7x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2019-07 | 35.5x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2019-06 | 46.0x | ₹660 cr | 1.8% | 12.0% | 2.2x |
| 2019-05 | 54.9x | ₹554 cr | 2.0% | 9.0% | 2.0x |
| 2019-04 | 55.9x | ₹554 cr | 2.0% | 9.0% | 2.0x |
| 2019-03 | 64.3x | ₹554 cr | 2.0% | 9.0% | 2.0x |
| 2019-02 | 58.6x | ₹554 cr | 2.0% | 9.0% | 2.0x |
| 2019-01 | 60.4x | ₹554 cr | 2.0% | 9.0% | 2.0x |