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SHAKTI PUMPS (INDIA) LTD (SHAKTIPUMP)

Producer Manufacturing · Industrial Machinery · 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.72 / 100
Profitability 61Growth 97Balance sheet 59
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.7 / 100
Price 3Earnings 4FII/DII 13

Passes these screensQuality CompounderDebt-light & profitableLittle growth priced inConsistent compounders

Compare withWELSPUN CORPVOLTASTHERMAX

Share price

Closing priceAdjusted for splits and bonus issues.

₹355.8 latest close · −38.0% over the last 90 sessions

₹400₹500₹600Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹400₹500₹600Jul 3Sep 4Nov 9

₹355.8 month-end · −47.7% over 12 months

₹400₹600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹400₹600Nov '25May '26Nov '26

₹355.8 month-end · +112.5% over 3 years

₹500₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹500₹1,000Nov '23May '25Nov '26

₹355.8 month-end · +433.8% since Jan '19

₹0₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹345.00 to ₹813.00 · 1-year volatility 46.2%

Was the rally earned?

-48%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 51 points, while the multiple moved less (P/E 19.8x to 20.7x).
  • The share count rose 3%.
Net profit growth: −49 pts. Points of the price return explained by net profit growing (or shrinking).−49 ptsNet profit growthP/E change: +3 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+3 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: −48%−48%Share priceNet profit growth: −49 pts. Points of the price return explained by net profit growing (or shrinking).−49ProfitP/E change: +3 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+3P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: −48%−48%Share price
Net profit growth-49 ptsNet profit fell about 48%, which lowers the price.
P/E change+3 ptsThe P/E rose from 19.8x to 20.7x, which lifts the price.
Share count change-2 ptsShare count rose 3%, which lowers the price.
+113%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 308 points, but investors now pay less per rupee of profit (P/E 76.5x to 20.7x), which took 195 points back.
  • The share count rose 13%.
Net profit growth: +325 pts. Points of the price return explained by net profit growing (or shrinking).+325 ptsNet profit growthP/E change: −195 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−195 ptsP/E changeShare count change: −18 pts. Points of the price return explained by the share count changing. More shares count against the price.−18 ptsShare count changeShare price: +113%+113%Share priceNet profit growth: +325 pts. Points of the price return explained by net profit growing (or shrinking).+325ProfitP/E change: −195 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−195P/EShare count change: −18 pts. Points of the price return explained by the share count changing. More shares count against the price.−18SharesShare price: +113%+113%Share price
Net profit growth+325 ptsNet profit rose about 784%, which lifts the price.
P/E change-195 ptsThe P/E fell from 76.5x to 20.7x, which lowers the price.
Share count change-18 ptsShare count rose 13%, which lowers the price.
+242%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 181 points to the rise, while the multiple moved less (P/E 15.2x to 20.7x).
  • The share count rose 11%.
Net profit growth: +202 pts. Points of the price return explained by net profit growing (or shrinking).+202 ptsNet profit growthP/E change: +61 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+61 ptsP/E changeShare count change: −21 pts. Points of the price return explained by the share count changing. More shares count against the price.−21 ptsShare count changeShare price: +242%+242%Share priceNet profit growth: +202 pts. Points of the price return explained by net profit growing (or shrinking).+202ProfitP/E change: +61 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+61P/EShare count change: −21 pts. Points of the price return explained by the share count changing. More shares count against the price.−21SharesShare price: +242%+242%Share price
Net profit growth+202 ptsNet profit rose about 179%, which lifts the price.
P/E change+61 ptsThe P/E rose from 15.2x to 20.7x, which lifts the price.
Share count change-21 ptsShare count rose 11%, 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 WELSPUN CORP

How rough has the ride been?

Maximum drawdown-77.4%recovered 2021-02
1-year volatility46.2%annualised
Beta vs sector index1.013-year daily, correlation 0.42
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−75.6% 0%−25%−50%−75%2020202220242026−75.6%
Largest drawdowns

-77.4% (2019-05 peak to 2020-03 low, recovered 2021-02)

-74.1% (2025-01 peak to 2026-11 low, not yet recovered)

-56.2% (2021-06 peak to 2022-12 low, recovered 2023-09)

Most recent volume spikes

2026-09-10: 38x the 50-day median, price +7.6% that day

2026-07-06: 23.8x the 50-day median, price +4.4% 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?

20.7xP/E todayWithin its usual range
Against its own history53rd percentile
CheapestMedian 19.8xDearest

Usual range 11.1x to 65.4x since 2019-01.

Against Producer Manufacturing20.7x vs 29.6x
This company
20.7x
Sector median
29.6x

30% below the Producer Manufacturing median.

4.8x66.2x127.6x188.9xJan '19Aug '20Mar '22Oct '23May '25Nov '264.8x66.2x127.6x188.9xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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

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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

  • ROCE81st▼ 17 pts vs a year ago
  • Op. margin41st▼ 50 pts vs a year ago
  • Revenue growth49th▼ 41 pts vs a year ago
  • EPS growth11th▼ 79 pts vs a year ago
  • Debt/equity ↓45th▼ 15 pts vs a year ago
  • Cash cycle ↓41stflat vs a year ago
  • P/E ↓69th▼ 8 pts vs a year ago
  • 12M momentum6th▼ 48 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?

~17%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 24.5x, a holder earning 12%/yr needs earnings to grow about 17.3%/yr for 10 years, then trade at 15x.

Delivered32.7%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−15.4 ptsimplied minus delivered
Rank753rdmost demanding of 856

Over time

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

0%23%46% Jan 2019Nov 2026 0%23%46% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x18.8%19.9%20.9%
15x16.2%17.3%18.3%
20x13.0%14.0%15.0%

Drag a slider to test other assumptions

Implied: 17.3%/yr

Looking back

  • Jan 2020Price implied 13%/yr; EPS has since grown 26%/yr (7.0 yrs)
  • Jan 2022Price implied 21%/yr; EPS has since grown 25%/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
₹355.80
P/E
20.7x
ROCE
24.0%
Market Cap
₹4386 cr
Revenue (TTM)
₹2934 cr
P/S
1.5x
P/B
2.6x
ROE
12.4%
Operating Margin
10.0%
Debt / Equity
0.3x
Promoter Holding
50.4%
12M Momentum
-47.7%

52-week range

₹345.00₹813.00
2% of the way from its 52-week low to its high

Price risk

1Y volatility
46.2%
Beta vs sector
1-year daily
1.06

Balance sheet & cash

Interest cover
operating profit ÷ interest
5.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.24x
low
Share count, 1Y
+2.5%

Are profits backed by cash?

4 of 7checks within range2 beyond a threshold
Other income reliance11%Within range

Other income as a share of pre-tax profit (trailing twelve months): 11.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.24xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.24x (cash from operations ₹194 cr, net profit ₹808 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+21 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 21 days (173 vs 152). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress4% of fixed assetsWithin range

Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-65 days / 2 yrsWithin range

Days payable changed by -65 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 3 years, promoters trimmed 5.9 pts; FIIs added 4.4 pts; DIIs added 2.2 pts.
  • The number of shareholders rose from 45,279 to 2.6 lakh (+467%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters56.2%50.4%-5.9 pts
FIIs0.6%5.1%+4.4 pts
DIIs0.2%2.4%+2.2 pts
Public and others42.9%42.1%-0.8 pts

Number of shareholders

2.6 lakhshareholders+467% since Sep '23
45k1.2L1.9L2.6L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 45,279
Dec '23: 47,502
Mar '24: 52,943
Jun '24: 70,190
Sep '24: 96,955
Dec '24: 1.5 lakh
Mar '25: 2.0 lakh
Jun '25: 2.3 lakh
Sep '25: 2.4 lakh
Dec '25: 2.4 lakh
Mar '26: 2.5 lakh
Jun '26: 2.6 lakh
 45k1.2L1.9L2.6L Sep '23Sep '24Sep '25Jun '26
Sep '23: 45,279
Dec '23: 47,502
Mar '24: 52,943
Jun '24: 70,190
Sep '24: 96,955
Dec '24: 1.5 lakh
Mar '25: 2.0 lakh
Jun '25: 2.3 lakh
Sep '25: 2.4 lakh
Dec '25: 2.4 lakh
Mar '26: 2.5 lakh
Jun '26: 2.6 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

−10.4%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like SHAKTI PUMPS (INDIA) LTD 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 −27% to +17% vs the market, against +1% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −11.4%, 80% range −15.4% to −8.6%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ASIANTILES · Feb 2022: −49.0% vs market
RAMCOSYS · Sep 2021: −45.4% vs market
FAIRCHEMOR · Nov 2023: −44.0% vs market
HUHTAMAKI · May 2021: −43.7% vs market
HSCL · Jan 2020: −42.8% vs market
RAJRATAN · Jan 2024: −40.8% vs market
VALIANTORG · Nov 2022: −35.8% vs market
EPL · May 2021: −33.4% vs market
NATHBIOGEN · Feb 2022: −29.3% vs market
LUXIND · Jun 2022: −28.4% vs market
JWL · Jul 2025: −28.0% vs market
INDIANHUME · Sep 2020: −27.6% vs market
RUPA · Oct 2022: −27.5% vs market
BIRLANU · Jul 2022: −25.1% vs market
MOREPENLAB · Jul 2022: −24.9% vs market
SONATSOFTW · Jul 2025: −21.9% vs market
VAIBHAVGBL · Dec 2024: −20.2% vs market
HIKAL · May 2022: −15.4% vs market
GVT&D · Aug 2020: −14.9% vs market
APEX · Jan 2021: −14.4% vs market
THEJO · Feb 2025: −12.7% vs market
NRBBEARING · Jan 2020: −11.6% vs market
PARAGMILK · May 2020: −11.4% vs market
LAURUSLABS · Jul 2023: −10.7% vs market
IONEXCHANG · Oct 2025: −10.6% vs market
TRIDENT · Nov 2022: −10.2% vs market
TITAGARH · May 2025: −9.4% vs market
SIYSIL · Apr 2020: −8.9% vs market
SUDARSCHEM · May 2022: −7.1% vs market
STOVEKRAFT · Jun 2023: −7.0% vs market
IRCON · Apr 2025: −6.5% vs market
VENKEYS · Feb 2020: −4.7% vs market
AWHCL · Apr 2022: −1.7% vs market
FSL · Jun 2022: +3.0% vs market
PUNJABCHEM · Jun 2023: +5.4% vs market
DOLLAR · Feb 2023: +5.8% vs market
AHLUCONT · Jan 2021: +10.3% vs market
MASTEK · Oct 2022: +19.1% vs market
ASAHIINDIA · Jan 2024: +19.2% vs market
SOBHA · Jun 2020: +27.0% vs market
GNA · Sep 2022: +27.3% vs market
VENUSPIPES · Aug 2025: +27.7% vs market
AEGISLOG · Jun 2022: +27.9% vs market
GREENPLY · Dec 2020: +32.6% vs market
CARYSIL · Jan 2023: +41.7% vs market
ZENSARTECH · Jun 2020: +53.8% vs market
CYIENT · Jun 2020: +90.7% vs market
BHAGCHEM · Sep 2023: +92.8% vs market
ACE · Mar 2020: +150.7% vs market
NEWGEN · Jun 2020: +161.5% vs market
Similar setups −10.4%All companies +1.0%← 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
−10.4%
All companies' median
+1.0%
Beat the market
34% vs 51%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GVT&D
Producer Manufacturing		 Aug 2020 13x— −31%−49% −15%
DOLLAR
Consumer Non-Durables		 Feb 2023 12x27% −43%−48% +6%
ZENSARTECH
Technology Services		 Jun 2020 10x18% −52%−53% +54%
NRBBEARING
Producer Manufacturing		 Jan 2020 9x23% −49%−54% −12%
GREENPLY
Producer Manufacturing		 Dec 2020 30x21% −28%−33% +33%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SONATSOFTW
Technology Services		 Jul 2025 26x29% −47%−48% −22%
APEX
Consumer Non-Durables		 Jan 2021 14x18% −21%−28% −14%
VENUSPIPES
Non-Energy Minerals		 Aug 2025 26x25% −51%−51% +28%
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, P/E and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 SHAKTI PUMPS (INDIA) LTD. 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.

SAMBHV STEEL TUBESSAMBHV
Non-Energy Minerals
71%similar
market capvolatility
ASHAPURA MINECHEMASHAPURMIN
Non-Energy Minerals
63%similar
revenue growthmarket cap
OLECTRA GREENTECHOLECTRA
Consumer Durables
62%similar
debt/equitypromoter holding
VENUS PIPES TUBESVENUSPIPES
Non-Energy Minerals
62%similar
volatilitymarket cap
REFEX INDUSTRIESREFEX
Energy Minerals
60%similar
revenueROCE
PRICOLPRICOLLTD
Producer Manufacturing
65%similar
ROCEdebt/equity
SKIPPERSKIPPER
Producer Manufacturing
63%similar
ROCErevenue growth
TEXMACO RAIL & ENGINEERING LIMTEXRAIL
Producer Manufacturing
61%similar
market capEPS growth

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. NovPriceFell 74% from the Jan 2025 peak to the Nov 2026 low.
  2. SepInstitutionsFII + DII holding fell 4.2 pts over 2 quarters to 7.5%.
  3. SepPriceVolume reached 38.0x its 50-day median on 2026-09-10; price +7.6% that day.
  4. JunResultsRevenue (TTM) reached a new high of ₹2,697 cr.
  5. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  6. JunPriceVolume reached 6.3x its 50-day median on 2026-06-24; price +4.2% that day.
  7. MarResultsYear-on-year EPS growth turned negative.
  8. MarPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the top quartile).
Show 22 earlier events
  1. MarPriceVolume reached 21.3x its 50-day median on 2026-03-11; price +7.8% that day.
  2. DecPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  3. DecPriceVolume reached 114.8x its 50-day median on 2025-12-15; price +15.7% that day.
  4. SepPriceVolume reached 9.0x its 50-day median on 2025-09-12; price +5.9% that day.
  5. JulSharesShare count is up 200.0% over 12 months.
  6. JunDividendDividend payout cut from 6% to 3% of profit.
  7. JunPriceVolume reached 6.6x its 50-day median on 2025-06-09; price +7.1% that day.
  8. JanPriceVolume reached 5.6x its 50-day median on 2025-01-14; price -4.3% that day.
  9. JunPromoterPromoter holding fell 4.6 pts to 51.6%.
  10. JunResultsYear-on-year EPS growth turned positive.
  11. JunInstitutionsFII + DII holding rose 8.6 pts over 1 quarter to 9.4%.
  12. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  13. JunDividendDividend payout cut from 15% to 6% of profit.
  14. JunSharesShare count is up 11.1% over 12 months.
  15. MayPriceVolume reached 13.8x its 50-day median on 2024-05-02; price +5.0% that day.
  16. JanPriceVolume reached 25.3x its 50-day median on 2024-01-30; price +15.8% that day.
  17. OctPriceVolume reached 22.3x its 50-day median on 2023-10-20; price +2.3% that day.
  18. SepPriceRegained the 2021-06 peak, 9 months after the low.
  19. AugPriceVolume reached 43.8x its 50-day median on 2023-08-31; price -0.9% that day.
  20. JunValuationP/E crossed above the 90th percentile of its own history to date (45.3x).
  21. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the top quartile).
  22. MayPriceVolume reached 57.8x its 50-day median on 2023-05-17; price +12.7% 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
2026-1120.7x₹2934 cr12.4%24.0%0.3x
2026-1020.5x₹2934 cr12.5%24.0%0.3x
2026-0926.8x₹2934 cr12.5%24.0%0.3x
2026-0823.1x₹2697 cr15.1%24.0%0.3x
2026-0724.7x₹2697 cr15.1%24.0%0.3x
2026-0627.7x₹2697 cr15.1%24.0%0.3x
2026-0519.3x₹2504 cr28.4%55.0%0.1x
2026-0420.8x₹2504 cr28.4%55.0%0.1x
2026-0316.9x₹2504 cr28.4%55.0%0.1x
2026-0215.5x₹2602 cr34.6%55.0%0.1x
2026-0118.7x₹2602 cr34.6%55.0%0.1x
2025-1221.8x₹2602 cr34.6%55.0%0.1x
2025-1119.8x₹2571 cr35.5%55.0%0.1x
2025-1023.9x₹2571 cr35.5%55.0%0.1x
2025-0923.8x₹2571 cr35.5%55.0%0.1x
2025-0823.8x₹2517 cr35.1%55.0%0.1x
2025-0726.2x₹2517 cr35.1%55.0%0.1x
2025-0627.8x₹2517 cr35.1%55.0%0.1x
2025-0526.5x₹2461 cr51.3%31.0%0.1x
2025-0426.1x₹2461 cr51.3%31.0%0.1x
2025-0330.4x₹2461 cr51.3%31.0%0.1x
2025-0229.2x₹2308 cr43.5%31.0%0.1x
2025-0134.0x₹2308 cr43.5%31.0%0.1x
2024-1238.5x₹2308 cr43.5%31.0%0.1x
2024-1139.4x₹1826 cr31.0%31.0%0.1x
2024-1037.8x₹1826 cr31.0%31.0%0.1x
2024-0935.9x₹1826 cr31.0%31.0%0.1x
2024-0863.2x₹1371 cr18.8%31.0%0.1x
2024-0760.5x₹1371 cr18.8%31.0%0.1x
2024-0651.8x₹1371 cr18.8%31.0%0.1x
2024-05188.9x₹968 cr5.7%10.0%0.2x
2024-04150.8x₹968 cr5.7%10.0%0.2x
2024-03101.5x₹968 cr5.7%10.0%0.2x
2024-02100.1x₹968 cr5.7%10.0%0.2x
2024-01112.5x₹968 cr5.7%10.0%0.2x
2023-1277.9x₹968 cr5.7%10.0%0.2x
2023-1176.5x₹968 cr5.7%10.0%0.2x
2023-1078.8x₹968 cr5.7%10.0%0.2x
2023-0965.5x₹968 cr5.7%10.0%0.2x
2023-0865.0x₹968 cr5.7%10.0%0.2x
2023-0755.0x₹968 cr5.7%10.0%0.2x
2023-0645.3x₹968 cr5.7%10.0%0.2x
2023-0515.3x₹1179 cr16.5%21.0%0.3x
2023-0412.4x₹1179 cr16.5%21.0%0.3x
2023-0311.5x₹1179 cr16.5%21.0%0.3x
2023-0212.1x₹1179 cr16.5%21.0%0.3x
2023-0112.4x₹1179 cr16.5%21.0%0.3x
2022-1211.6x₹1179 cr16.5%21.0%0.3x
2022-1112.2x₹1179 cr16.5%21.0%0.3x
2022-1013.6x₹1179 cr16.5%21.0%0.3x
2022-0914.5x₹1179 cr16.5%21.0%0.3x
2022-0814.1x₹1179 cr16.5%21.0%0.3x
2022-0713.4x₹1179 cr16.5%21.0%0.3x
2022-0614.3x₹1179 cr16.5%21.0%0.3x
2022-0511.4x₹930 cr22.4%29.0%0.2x
2022-0412.9x₹930 cr22.4%29.0%0.2x
2022-0311.2x₹930 cr22.4%29.0%0.2x
2022-0212.0x₹930 cr22.4%29.0%0.2x
2022-0114.7x₹930 cr22.4%29.0%0.2x
2021-1215.5x₹930 cr22.4%29.0%0.2x

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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