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SHARDA MOTOR INDUSTRIES LTD (SHARDAMOTR)

Producer Manufacturing · Auto Parts: OEM · 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.74 / 100
Profitability 66Growth 55Balance 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.41 / 100
Price 52Earnings 23FII/DII 49

Passes these screensCash RichQuality CompounderValue PickDebt-light & profitableLittle growth priced inConsistent compounders

Compare withSAMVARDHANA MOTHERSON INTBOSCHCUMMINS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹887.3 latest close · +0.9% over the last 90 sessions

₹800₹900₹1,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹800₹900₹1,000Jul 3Sep 4Nov 9

₹887.3 month-end · −3.0% over 12 months

₹700₹800₹900Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹700₹800₹900Nov '25May '26Nov '26

₹887.3 month-end · +37.5% over 3 years

₹750₹1,000₹1,250Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹750₹1,000₹1,250Nov '23May '25Nov '26

₹887.3 month-end · +605.9% since Jan '19

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

52-week range ₹685.25 to ₹1164.80 · 1-year volatility 37.1%

Was the rally earned?

-3%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (-3%).
  • The share count barely moved.
Net profit growth: −2 pts. Points of the price return explained by net profit growing (or shrinking).−2 ptsNet profit growthP/E change: −1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−1 ptsP/E changeShare price: −3%−3%Share priceNet profit growth: −2 pts. Points of the price return explained by net profit growing (or shrinking).−2ProfitP/E change: −1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−1P/EShare price: −3%−3%Share price
Net profit growth-2 ptsNet profit fell about 2%, which lowers the price.
P/E change-1 ptsThe P/E fell from 15.5x to 15.3x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+38%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 59 points, but investors now pay less per rupee of profit (P/E 18.4x to 15.3x), which took 22 points back.
  • The share count fell 3%.
Net profit growth: +55 pts. Points of the price return explained by net profit growing (or shrinking).+55 ptsNet profit growthP/E change: −22 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−22 ptsP/E changeShare count change: +4 pts. Points of the price return explained by the share count changing. More shares count against the price.+4 ptsShare count changeShare price: +38%+38%Share priceNet profit growth: +55 pts. Points of the price return explained by net profit growing (or shrinking).+55ProfitP/E change: −22 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−22P/EShare count change: +4 pts. Points of the price return explained by the share count changing. More shares count against the price.+4SharesShare price: +38%+38%Share price
Net profit growth+55 ptsNet profit rose about 60%, which lifts the price.
P/E change-22 ptsThe P/E fell from 18.4x to 15.3x, which lowers the price.
Share count change+4 ptsShare count fell 3%, which lifts the price.
+147%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 267 points, but investors now pay less per rupee of profit (P/E 32.1x to 15.3x), which took 120 points back.
  • The share count fell 4%.
Net profit growth: +260 pts. Points of the price return explained by net profit growing (or shrinking).+260 ptsNet profit growthP/E change: −120 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−120 ptsP/E changeShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7 ptsShare count changeShare price: +147%+147%Share priceNet profit growth: +260 pts. Points of the price return explained by net profit growing (or shrinking).+260ProfitP/E change: −120 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−120P/EShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7SharesShare price: +147%+147%Share price
Net profit growth+260 ptsNet profit rose about 396%, which lifts the price.
P/E change-120 ptsThe P/E fell from 32.1x to 15.3x, which lowers the price.
Share count change+7 ptsShare count fell 4%, which lifts 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 SAMVARDHANA MOTHERSON INT

How rough has the ride been?

Maximum drawdown-67.1%recovered 2020-12
1-year volatility37.1%annualised
Beta vs sector index0.983-year daily, correlation 0.45
Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−66.1% 0%−20%−40%−60%2020202220242026−66.1%
Largest drawdowns

-67.1% (2019-03 peak to 2020-03 low, recovered 2020-12)

-51.6% (2024-07 peak to 2026-03 low, not yet recovered)

-38.5% (2022-01 peak to 2023-03 low, recovered 2023-08)

Most recent volume spikes

2026-09-10: 6.3x the 50-day median, price +4.1% that day

2026-08-11: 6.5x the 50-day median, price -8.2% that day

2026-08-06: 10.8x the 50-day median, price +3.6% 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?

15.3xP/E todayWithin its usual range
Against its own history52nd percentile
CheapestMedian 15.2xDearest

Usual range 6.8x to 26.5x since 2019-01.

Against Producer Manufacturing15.3x vs 29.6x
This company
15.3x
Sector median
29.6x

48% below the Producer Manufacturing median.

3.4x17.0x30.5x44.0xJan '19Aug '20Mar '22Oct '23May '25Nov '263.4x17.0x30.5x44.0xJan '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

  • ROCE92nd▼ 3 pts vs a year ago
  • Op. margin41st▼ 17 pts vs a year ago
  • Revenue growth73rd▲ 40 pts vs a year ago
  • EPS growth35th▼ 22 pts vs a year ago
  • Debt/equity ↓80thflat vs a year ago
  • Cash cycle ↓98thflat vs a year ago
  • P/E ↓82nd▼ 5 pts vs a year ago
  • 12M momentum54th▼ 6 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?

~13%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 19.3x, a holder earning 12%/yr needs earnings to grow about 13.2%/yr for 10 years, then trade at 15x.

Delivered22.1%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−8.9 ptsimplied minus delivered
Rank689thmost demanding of 856

Over time

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

-0%13%26% Jan 2019Nov 2026 -0%13%26% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x14.5%15.5%16.6%
15x12.2%13.2%14.2%
20x9.2%10.2%11.2%

Drag a slider to test other assumptions

Implied: 13.2%/yr

Looking back

  • Jan 2020Price implied 6%/yr; EPS has since grown 21%/yr (7.0 yrs)
  • Jan 2021Price implied 13%/yr; EPS has since grown 38%/yr (6.0 yrs)
  • Jan 2022Price implied 21%/yr; EPS has since grown 40%/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
₹887.30
P/E
15.3x
ROCE
34.0%
Market Cap
₹5095 cr
Revenue (TTM)
₹3652 cr
P/S
1.4x
P/B
3.9x
ROE
25.3%
Operating Margin
10.0%
Debt / Equity
0.0x
Promoter Holding
64.3%
12M Momentum
-3.0%

52-week range

₹685.25₹1164.80
42% of the way from its 52-week low to its high

Price risk

1Y volatility
37.1%
Beta vs sector
1-year daily
1.03

Balance sheet & cash

Interest cover
operating profit ÷ interest
100.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.05x
Share count, 1Y
+83.3%

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance20%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 20.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.05xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.05x (cash from operations ₹1,004 cr, net profit ₹960 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

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+2 daysWithin range

Debtor days are above the median of the previous three fiscal years by 2 days (39 vs 37). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress5% of fixed assetsWithin range

Capital work-in-progress is 5% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+25 days / 2 yrsWithin range

Days payable changed by +25 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, DIIs added 11.7 pts; promoters trimmed 8.9 pts.
  • The number of shareholders rose from 17,954 to 38,665 (+115%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters73.2%64.3%-8.9 pts
FIIs1.6%1.7%+0.1 pts
DIIs0.3%12.0%+11.7 pts
Public and others24.9%22.0%-2.9 pts

Number of shareholders

38,665shareholders+115% since Sep '23
18k25k32k39k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 17,954
Dec '23: 19,174
Mar '24: 20,816
Jun '24: 27,375
Sep '24: 33,960
Dec '24: 32,943
Mar '25: 33,828
Jun '25: 35,839
Sep '25: 38,932
Dec '25: 37,537
Mar '26: 37,220
Jun '26: 38,665
 18k25k32k39k Sep '23Sep '24Sep '25Jun '26
Sep '23: 17,954
Dec '23: 19,174
Mar '24: 20,816
Jun '24: 27,375
Sep '24: 33,960
Dec '24: 32,943
Mar '25: 33,828
Jun '25: 35,839
Sep '25: 38,932
Dec '25: 37,537
Mar '26: 37,220
Jun '26: 38,665

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

+2.5%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 SHARDA MOTOR INDUSTRIES 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 −22% to +30% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (+6.1%, 80% range −8.1% to +10.7%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
BAJAJCON · Jun 2021: −51.6% vs market
KRBL · Aug 2023: −48.4% vs market
EXPLEOSOL · Jun 2023: −46.3% vs market
JTLIND · Mar 2025: −44.8% vs market
AUTOAXLES · Oct 2023: −42.3% vs market
BSOFT · Jun 2024: −38.5% vs market
ATULAUTO · Feb 2020: −37.9% vs market
MGL · Mar 2025: −31.3% vs market
GUJALKALI · Apr 2020: −28.6% vs market
JAMNAAUTO · May 2024: −27.2% vs market
IGL · Mar 2025: −26.3% vs market
KSCL · Jan 2021: −25.7% vs market
DODLA · Jul 2025: −22.3% vs market
GOLDIAM · Apr 2023: −20.0% vs market
PANAMAPET · Jan 2023: −20.0% vs market
PRAJIND · Apr 2024: −17.1% vs market
EXCELINDUS · Apr 2020: −17.0% vs market
VEEDOL · Sep 2024: −15.7% vs market
SESHAPAPER · Mar 2020: −14.1% vs market
FINPIPE · Dec 2021: −12.7% vs market
DLINKINDIA · Jul 2025: −12.0% vs market
STYRENIX · Oct 2024: −7.6% vs market
COCHINSHIP · Apr 2020: −7.6% vs market
SKFINDIA · May 2023: −5.5% vs market
ECLERX · Jun 2023: +1.6% vs market
NATIONALUM · Mar 2020: +3.3% vs market
SWARAJENG · Dec 2023: +3.7% vs market
AVANTIFEED · Jul 2024: +6.3% vs market
LGBBROSLTD · May 2023: +7.6% vs market
CASTROLIND · Jun 2024: +8.2% vs market
LINCOLN · Dec 2020: +9.2% vs market
COROMANDEL · Dec 2022: +11.1% vs market
RITES · Dec 2022: +16.6% vs market
TVTODAY · Feb 2021: +16.8% vs market
CIGNITITEC · Aug 2023: +17.0% vs market
DHANUKA · Mar 2024: +21.7% vs market
ESCORTS · Apr 2022: +22.8% vs market
VESUVIUS · Mar 2024: +32.6% vs market
BEL · Feb 2020: +36.2% vs market
KINGFA · Nov 2024: +39.3% vs market
FIEMIND · Dec 2024: +44.5% vs market
NUCLEUS · Jun 2020: +46.2% vs market
FINCABLES · Oct 2022: +56.6% vs market
ENGINERSIN · Sep 2025: +59.5% vs market
GAEL · Jun 2021: +62.8% vs market
SONATSOFTW · Apr 2020: +69.4% vs market
POLYCAB · Sep 2020: +78.1% vs market
STYLAMIND · Jul 2025: +83.8% vs market
GRSE · Jun 2022: +113.7% vs market
GABRIEL · Oct 2024: +173.0% vs market
Similar setups +2.5%All companies −3.6%← 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
+2.5%
All companies' median
−3.6%
Beat the market
52% vs 46%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SONATSOFTW
Technology Services		 Apr 2020 9x46% −36%−41% +69%
FIEMIND
Producer Manufacturing		 Dec 2024 21x27% +41%−15% +45%
AUTOAXLES
Producer Manufacturing		 Oct 2023 21x31% +16%−13% −42%
FINPIPE
Producer Manufacturing		 Dec 2021 17x36% +60%−12% −13%
DODLA
Consumer Non-Durables		 Jul 2025 29x27% +6%−13% −22%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JAMNAAUTO
Producer Manufacturing		 May 2024 29x28% +22%−15% −27%
ENGINERSIN
Industrial Services		 Sep 2025 20x29% −9%−23% +60%
STYRENIX
Process Industries		 Oct 2024 22x— +81%−11% −8%
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: debt/equity, 12-month momentum and drawdown from 12-month high. 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 SHARDA MOTOR INDUSTRIES 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.

TRANSPORT CORPORATION OF INDIATCI
Transportation
70%similar
revenue growthP/E
JYOTHY LABSJYOTHYLAB
Consumer Non-Durables
63%similar
debt/equitypromoter holding
AHLUWALIA CONTRACTS (INDIA) LTAHLUCONT
Industrial Services
62%similar
debt/equityP/E
GULF OIL LUBRICANTS INDIAGULFOILLUB
Energy Minerals
62%similar
market capEPS growth
POWER MECH PROJECTSPOWERMECH
Industrial Services
61%similar
operating marginEPS growth
FIEM INDUSTRIESFIEMIND
Producer Manufacturing
74%similar
market capvolatility
INTERARCH BUILDING SOLUTIONS LINTERARCH
Producer Manufacturing
66%similar
operating margindebt/equity
KIRLOSKAR BROTHERSKIRLOSBROS
Producer Manufacturing
61%similar
operating marginEPS growth

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

What changed?

30 events since Feb '23

  1. SepResultsYear-on-year EPS growth turned negative.
  2. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  3. AugPriceVolume reached 10.8x its 50-day median on 2026-08-06; price +3.6% that day.
  4. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  5. JunSharesShare count is up 83.3% over 12 months.
  6. MayPriceVolume reached 10.9x its 50-day median on 2026-05-29; price -0.1% that day.
  7. MarPriceFell 52% from the Jul 2024 peak to the Mar 2026 low.
  8. MarPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
Show 22 earlier events
  1. JanPriceVolume reached 8.8x its 50-day median on 2026-01-13; price -2.1% that day.
  2. NovPriceVolume reached 19.1x its 50-day median on 2025-11-12; price -10.2% that day.
  3. SepResultsRevenue (TTM) reached a new high of ₹2,907 cr.
  4. JulPriceVolume reached 19.9x its 50-day median on 2025-07-22; price +9.5% that day.
  5. MayPriceVolume reached 5.1x its 50-day median on 2025-05-19; price +5.8% that day.
  6. MarPriceVolume reached 27.4x its 50-day median on 2025-03-25; price -3.6% that day.
  7. OctPriceVolume reached 5.8x its 50-day median on 2024-10-08; price -5.6% that day.
  8. SepPromoterPromoter holding fell 8.9 pts to 64.3%.
  9. SepInstitutionsFII + DII holding rose 9.8 pts over 1 quarter to 11.7%.
  10. JulPriceVolume reached 10.7x its 50-day median on 2024-07-01; price +15.2% that day.
  11. JunResultsRevenue (TTM) reached a new high of ₹2,809 cr.
  12. JunDividendDividend payout cut from 25% to 10% of profit.
  13. AprPriceVolume reached 14.5x its 50-day median on 2024-04-09; price +6.0% that day.
  14. FebPriceVolume reached 5.1x its 50-day median on 2024-02-14; price +10.5% that day.
  15. NovPriceVolume reached 14.2x its 50-day median on 2023-11-10; price +13.0% that day.
  16. AugPriceRegained the 2022-01 peak, 5 months after the low.
  17. AugPriceVolume reached 24.1x its 50-day median on 2023-08-30; price +12.7% that day.
  18. JunResultsRevenue (TTM) reached a new high of ₹2,700 cr.
  19. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  20. MayPriceVolume reached 41.2x its 50-day median on 2023-05-19; price -1.0% that day.
  21. MarPriceFell 38% from the Jan 2022 peak to the Mar 2023 low.
  22. FebPriceVolume reached 12.0x its 50-day median on 2023-02-03; price +1.2% 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
2026-1115.3x₹3652 cr25.3%34.0%0.0x
2026-1014.0x₹3652 cr25.3%34.0%0.0x
2026-0916.5x₹3652 cr25.3%34.0%0.0x
2026-0814.4x₹3397 cr26.3%34.0%0.0x
2026-0714.2x₹3397 cr26.3%34.0%0.0x
2026-0614.1x₹3397 cr26.3%34.0%0.0x
2026-0513.9x₹3175 cr32.0%38.0%0.0x
2026-0414.3x₹3175 cr32.0%38.0%0.0x
2026-0311.7x₹3175 cr32.0%38.0%0.0x
2026-0215.7x₹2983 cr31.5%38.0%0.0x
2026-0114.3x₹2983 cr31.5%38.0%0.0x
2025-1215.8x₹2983 cr31.5%38.0%0.0x
2025-1115.5x₹2907 cr31.8%38.0%0.0x
2025-1017.2x₹2907 cr31.8%38.0%0.0x
2025-0917.4x₹2907 cr31.8%38.0%0.0x
2025-0818.2x₹2836 cr29.7%38.0%0.0x
2025-0718.8x₹2836 cr29.7%38.0%0.0x
2025-0616.8x₹2836 cr29.7%38.0%0.0x
2025-0516.9x₹2789 cr31.7%41.0%0.0x
2025-0415.1x₹2789 cr31.7%41.0%0.0x
2025-0314.1x₹2789 cr31.7%41.0%0.0x
2025-0214.1x₹2788 cr31.8%41.0%0.0x
2025-0116.0x₹2788 cr31.8%41.0%0.0x
2024-1216.6x₹2788 cr31.8%41.0%0.0x
2024-1118.4x₹2840 cr31.9%41.0%0.0x
2024-1020.0x₹2840 cr31.9%41.0%0.0x
2024-0921.8x₹2840 cr31.9%41.0%0.0x
2024-0826.4x₹2809 cr29.7%41.0%0.0x
2024-0723.7x₹2809 cr29.7%41.0%0.0x
2024-0621.4x₹2809 cr29.7%41.0%0.0x
2024-0522.2x₹2700 cr27.4%40.0%0.0x
2024-0421.5x₹2700 cr27.4%40.0%0.0x
2024-0319.1x₹2700 cr27.4%40.0%0.0x
2024-0219.2x₹2700 cr27.4%40.0%0.0x
2024-0119.2x₹2700 cr27.4%40.0%0.0x
2023-1218.3x₹2700 cr27.4%40.0%0.0x
2023-1118.4x₹2700 cr27.4%40.0%0.0x
2023-1013.4x₹2700 cr27.4%40.0%0.0x
2023-0913.7x₹2700 cr27.4%40.0%0.0x
2023-0814.4x₹2700 cr27.4%40.0%0.0x
2023-0711.9x₹2700 cr27.4%40.0%0.0x
2023-0610.9x₹2700 cr27.4%40.0%0.0x
2023-0515.2x₹2255 cr26.0%38.0%0.0x
2023-0413.7x₹2255 cr26.0%38.0%0.0x
2023-0311.0x₹2255 cr26.0%38.0%0.0x
2023-0211.8x₹2255 cr26.0%38.0%0.0x
2023-0114.1x₹2255 cr26.0%38.0%0.0x
2022-1214.4x₹2255 cr26.0%38.0%0.0x
2022-1115.9x₹2255 cr26.0%38.0%0.0x
2022-1014.8x₹2255 cr26.0%38.0%0.0x
2022-0915.9x₹2255 cr26.0%38.0%0.0x
2022-0814.9x₹2255 cr26.0%38.0%0.0x
2022-0714.5x₹2255 cr26.0%38.0%0.0x
2022-0615.2x₹2255 cr26.0%38.0%0.0x
2022-0530.9x₹1737 cr15.5%25.0%0.0x
2022-0433.8x₹1737 cr15.5%25.0%0.0x
2022-0332.7x₹1737 cr15.5%25.0%0.0x
2022-0231.8x₹1737 cr15.5%25.0%0.0x
2022-0134.5x₹1737 cr15.5%25.0%0.0x
2021-1238.6x₹1737 cr15.5%25.0%0.0x

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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