अApnaFunda
Menu

SIEMENS LTD (SIEMENS)

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.69 / 100
Profitability 54Growth 52Balance 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.60 / 100
Price 49Earnings 57FII/DII 74

Passes these screensDebt-light & profitable

Compare withBHARAT HEAVY ELECTRICALSABB INDIACG POWER AND IND SOLUTIONS

Share price

Closing priceAdjusted for splits and bonus issues.

₹3,655 latest close · +3.4% over the last 90 sessions

₹3,500₹4,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹3,500₹4,000Jul 3Sep 4Nov 9

₹3,655 month-end · +10.9% over 12 months

₹3,000₹3,500₹4,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹3,000₹3,500₹4,000Nov '25May '26Nov '26

₹3,655 month-end · +31.2% over 3 years

₹3,000₹4,000₹5,000₹6,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹3,000₹4,000₹5,000₹6,000Nov '23May '25Nov '26

₹3,655 month-end · +365.8% since Jan '19

₹2,000₹4,000₹6,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹2,000₹4,000₹6,000Jan '19Dec '22Nov '26

52-week range ₹2826.00 to ₹4149.40 · 1-year volatility 32.9%

Was the rally earned?

+11%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 31 points, but investors now pay less per rupee of profit (P/E 47.9x to 39.7x), which took 20 points back.
  • The share count barely moved.
Net profit growth: +31 pts. Points of the price return explained by net profit growing (or shrinking).+31 ptsNet profit growthP/E change: −20 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−20 ptsP/E changeShare price: +11%+11%Share priceNet profit growth: +31 pts. Points of the price return explained by net profit growing (or shrinking).+31ProfitP/E change: −20 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−20P/EShare price: +11%+11%Share price
Net profit growth+31 ptsNet profit rose about 34%, which lifts the price.
P/E change-20 ptsThe P/E fell from 47.9x to 39.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+31%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 87 points, but investors now pay less per rupee of profit (P/E 64.3x to 39.7x), which took 55 points back.
  • The share count barely moved.
Net profit growth: +87 pts. Points of the price return explained by net profit growing (or shrinking).+87 ptsNet profit growthP/E change: −55 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−55 ptsP/E changeShare price: +31%+31%Share priceNet profit growth: +87 pts. Points of the price return explained by net profit growing (or shrinking).+87ProfitP/E change: −55 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−55P/EShare price: +31%+31%Share price
Net profit growth+87 ptsNet profit rose about 112%, which lifts the price.
P/E change-55 ptsThe P/E fell from 64.3x to 39.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+123%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 222 points, but investors now pay less per rupee of profit (P/E 76.0x to 39.7x), which took 99 points back.
  • The share count barely moved.
Net profit growth: +222 pts. Points of the price return explained by net profit growing (or shrinking).+222 ptsNet profit growthP/E change: −99 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−99 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: +123%+123%Share priceNet profit growth: +222 pts. Points of the price return explained by net profit growing (or shrinking).+222ProfitP/E change: −99 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−99P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +123%+123%Share price
Net profit growth+222 ptsNet profit rose about 326%, which lifts the price.
P/E change-99 ptsThe P/E fell from 76.0x to 39.7x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against 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-55.4%not yet recovered
1-year volatility32.9%annualised
Beta vs sector index1.183-year daily, correlation 0.66
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−55.2% 0%−20%−40%2020202220242026−55.2%
Largest drawdowns

-55.4% (2024-10 peak to 2025-04 low, not yet recovered)

-40.8% (2019-11 peak to 2020-03 low, recovered 2021-02)

-18.9% (2019-07 peak to 2019-08 low, recovered 2019-09)

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?

39.7xP/E todayWithin its usual range
Against its own history24th percentile
CheapestMedian 57.9xDearest

Usual range 31.6x to 80.1x since 2019-01.

Against Producer Manufacturing39.7x vs 29.6x
This company
39.7x
Sector median
29.6x

34% above the Producer Manufacturing median.

10.6x39.2x67.8x96.4xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x39.2x67.8x96.4xJan '19Sep '21May '24Nov '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

  • ROCE72nd▲ 17 pts vs a year ago
  • Op. margin35th▼ 23 pts vs a year ago
  • Revenue growth46th▲ 35 pts vs a year ago
  • EPS growth73rd▲ 32 pts vs a year ago
  • Debt/equity ↓82nd▼ 3 pts vs a year ago
  • Cash cycle ↓87thflat vs a year ago
  • P/E ↓33rdflat vs a year ago
  • 12M momentum65th▲ 53 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?

~29%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 64.7x, a holder earning 12%/yr needs earnings to grow about 28.5%/yr for 10 years, then trade at 15x.

Delivered5.8%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+22.7 ptsimplied minus delivered
Rank108thmost demanding of 856

Over time

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

-13%14%41% Jan 2019Nov 2026 -13%14%41% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x30.1%31.2%32.4%
15x27.4%28.5%29.7%
20x23.9%25.1%26.2%

Drag a slider to test other assumptions

Implied: 28.5%/yr

Looking back

  • Jan 2020Price implied 18%/yr; EPS has since grown 15%/yr (6.5 yrs)
  • Jan 2021Price implied 19%/yr; EPS has since grown 26%/yr (5.5 yrs)
  • Jan 2022Price implied 28%/yr; EPS has since grown 23%/yr (4.5 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
₹3655.00
P/E
39.7x
ROCE
21.0%
Market Cap
₹1.30L cr
Revenue (TTM)
₹18063 cr
P/S
7.2x
P/B
9.4x
ROE
23.7%
Operating Margin
9.0%
Debt / Equity
0.0x
Promoter Holding
75.0%
12M Momentum
10.9%

52-week range

₹2826.00₹4149.40
63% of the way from its 52-week low to its high

Price risk

1Y volatility
32.9%
Beta vs sector
1-year daily
1.08

Balance sheet & cash

Interest cover
operating profit ÷ interest
100.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.34x
low
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 beyond a threshold
Other income reliance58%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 57.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate20%Within range

Median quarterly effective tax rate over about 2.5 years: 20.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.34xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.34x (cash from operations ₹2,520 cr, net profit ₹7,434 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-29 daysWithin range

Debtor days are below the median of the previous three fiscal years by 29 days (57 vs 86). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress9% of fixed assetsWithin range

Capital work-in-progress is 9% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-58 days / 2 yrsWithin range

Days payable changed by -58 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, FIIs trimmed 1.5 pts; DIIs added 1.5 pts.
  • The number of shareholders rose from 1.6 lakh to 2.6 lakh (+57%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters75.0%75.0%0.0 pts
FIIs7.9%6.5%-1.5 pts
DIIs7.6%9.1%+1.5 pts
Public and others9.4%9.4%0.0 pts

Number of shareholders

2.6 lakhshareholders+57% since Sep '23
1.5L2.0L2.5L2.9L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.6 lakh
Dec '23: 1.6 lakh
Mar '24: 1.5 lakh
Jun '24: 1.8 lakh
Sep '24: 1.9 lakh
Dec '24: 2.1 lakh
Mar '25: 2.3 lakh
Jun '25: 2.9 lakh
Sep '25: 2.8 lakh
Dec '25: 2.7 lakh
Mar '26: 2.6 lakh
Jun '26: 2.6 lakh
 1.5L2.0L2.5L2.9L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.6 lakh
Dec '23: 1.6 lakh
Mar '24: 1.5 lakh
Jun '24: 1.8 lakh
Sep '24: 1.9 lakh
Dec '24: 2.1 lakh
Mar '25: 2.3 lakh
Jun '25: 2.9 lakh
Sep '25: 2.8 lakh
Dec '25: 2.7 lakh
Mar '26: 2.6 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

−9.8%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like SIEMENS 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 −20% to +4% vs the market, against +1% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −11.1%, 80% range −16.2% to −9.2%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%
MPHASIS · Mar 2022: −44.8% vs market
HINDUNILVR · Apr 2023: −38.6% vs market
ITC · May 2020: −37.0% vs market
ARE&M · Jul 2020: −35.2% vs market
SUMICHEM · Dec 2022: −34.8% vs market
PIIND · Jun 2023: −33.9% vs market
COFORGE · Nov 2021: −32.0% vs market
IGL · Nov 2020: −30.9% vs market
AMBUJACEM · Oct 2022: −27.5% vs market
EMAMILTD · Jun 2021: −25.0% vs market
MARUTI · Apr 2020: −24.6% vs market
GREAVESCOT · Feb 2020: −22.5% vs market
ASTRAL · May 2023: −19.8% vs market
CONCOR · Feb 2020: −19.6% vs market
DMART · Oct 2025: −18.6% vs market
AIAENG · Jun 2020: −18.5% vs market
HAVELLS · Feb 2025: −16.8% vs market
SCHAEFFLER · Jun 2024: −16.4% vs market
CARBORUNIV · Nov 2021: −14.9% vs market
KAJARIACER · Dec 2021: −13.3% vs market
CUMMINSIND · May 2024: −12.4% vs market
SUPREMEIND · Dec 2023: −12.0% vs market
BAJAJ-AUTO · Apr 2024: −11.3% vs market
EICHERMOT · May 2023: −10.2% vs market
FINPIPE · Mar 2020: −9.9% vs market
KANSAINER · May 2020: −9.7% vs market
VGUARD · Mar 2020: −9.5% vs market
KSB · Aug 2025: −9.2% vs market
NAVINFLUOR · Apr 2021: −7.3% vs market
HONAUT · Jun 2023: −7.1% vs market
3MINDIA · Feb 2023: −6.5% vs market
ATUL · Oct 2020: −4.9% vs market
VOLTAS · Jan 2021: −4.2% vs market
TTKPRESTIG · Jul 2020: −3.5% vs market
TECHM · Mar 2020: −0.3% vs market
TRITURBINE · Jan 2023: −0.2% vs market
AJANTPHARM · May 2024: +2.4% vs market
BALKRISIND · Dec 2020: +4.5% vs market
CRISIL · Mar 2023: +6.0% vs market
POLYCAB · Nov 2023: +7.1% vs market
ZFCVINDIA · Sep 2025: +8.2% vs market
MANKIND · May 2024: +9.7% vs market
GRINDWELL · Mar 2022: +9.9% vs market
PERSISTENT · Apr 2022: +11.1% vs market
HAL · Apr 2024: +12.1% vs market
JBCHEPHARM · May 2023: +20.3% vs market
INFY · Feb 2020: +25.8% vs market
LINDEINDIA · Dec 2022: +29.3% vs market
BOSCHLTD · Oct 2025: +33.9% vs market
BEL · Mar 2024: +44.3% vs market
Similar setups −9.8%All companies +1.3%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−9.8%
All companies' median
+1.3%
Beat the market
28% vs 51%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BEL
Electronic Technology		 Mar 2024 49x30% +107%−6% +44%
EICHERMOT
Consumer Durables		 May 2023 60x18% +32%−5% −10%
SUPREMEIND
Producer Manufacturing		 Dec 2023 67x26% +85%−4% −12%
CUMMINSIND
Producer Manufacturing		 May 2024 80x27% +102%−8% −12%
AJANTPHARM
Health Technology		 May 2024 51x23% +78%−4% +2%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
AIAENG
Producer Manufacturing		 Jun 2020 26x19% −10%−16% −19%
SCHAEFFLER
Producer Manufacturing		 Jun 2024 82x27% +53%−2% −16%
MARUTI
Consumer Durables		 Apr 2020 21x19% −20%−31% −25%
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, debt/equity 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 SIEMENS 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.

HYUNDAI MOTOR INDIAHYUNDAI
Consumer Durables
72%similar
operating marginmarket cap
LG ELECTRONICS INDIALGEINDIA
Consumer Durables
68%similar
market caprevenue
BERGER PAINTS INDIABERGEPAINT
Process Industries
65%similar
promoter holdingROCE
HONEYWELL AUTOMATION INDIAHONAUT
Electronic Technology
59%similar
promoter holdingdebt/equity
KANSAI NEROLAC PAINTSKANSAINER
Process Industries
54%similar
revenue growthpromoter holding
BOSCHBOSCHLTD
Producer Manufacturing
65%similar
market caprevenue
CROMPTON GREAVES CONS ELECCROMPTON
Producer Manufacturing
64%similar
volatilityoperating margin
KIRLOSKAR BROTHERSKIRLOSBROS
Producer Manufacturing
56%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 May '21

  1. SepResultsYear-on-year EPS growth turned positive.
  2. SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  3. MayValuationP/E crossed above the 90th percentile of its own history to date (77.5x).
  4. AprPriceVolume reached 5.9x its 50-day median on 2026-04-15; price +7.0% that day.
  5. MarPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  6. NovPriceVolume reached 6.2x its 50-day median on 2025-11-17; price +4.8% that day.
  7. SepResultsYear-on-year EPS growth turned negative.
  8. SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
Show 22 earlier events
  1. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  2. AprPriceFell 55% from the Oct 2024 peak to the Apr 2025 low.
  3. MarPriceVolume reached 6.9x its 50-day median on 2025-03-26; price +5.8% that day.
  4. FebPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  5. DecPriceVolume reached 6.5x its 50-day median on 2024-12-20; price -10.0% that day.
  6. NovValuationP/E crossed above the 90th percentile of its own history to date (83.5x).
  7. MayPriceVolume reached 10.5x its 50-day median on 2024-05-15; price +6.9% that day.
  8. MarValuationP/E crossed above the 90th percentile of its own history to date (74.3x).
  9. MarPriceVolume reached 6.0x its 50-day median on 2024-03-11; price +1.3% that day.
  10. DecResultsRevenue (TTM) reached a new high of ₹19,554 cr.
  11. DecPriceVolume reached 6.1x its 50-day median on 2023-12-18; price +5.9% that day.
  12. JulPriceVolume reached 5.2x its 50-day median on 2023-07-31; price +3.2% that day.
  13. MayPriceVolume reached 16.8x its 50-day median on 2023-05-22; price -8.7% that day.
  14. JanPriceVolume reached 5.2x its 50-day median on 2023-01-17; price +0.1% that day.
  15. DecResultsRevenue (TTM) reached a new high of ₹16,138 cr.
  16. DecPriceVolume reached 11.6x its 50-day median on 2022-12-07; price +5.1% that day.
  17. AugPriceVolume reached 7.0x its 50-day median on 2022-08-03; price -4.5% that day.
  18. DecResultsYear-on-year EPS growth turned positive.
  19. DecPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  20. DecPriceVolume reached 12.9x its 50-day median on 2021-12-10; price +7.6% that day.
  21. AugPriceVolume reached 15.6x its 50-day median on 2021-08-11; price +6.4% that day.
  22. MayPriceVolume reached 17.1x its 50-day median on 2021-05-12; price +2.8% 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
2026-1139.7x₹18063 cr23.7%21.0%0.0x
2026-1035.9x₹18063 cr23.7%21.0%0.0x
2026-0940.5x₹18063 cr23.7%21.0%0.0x
2026-0892.3x₹17457 cr11.2%21.0%0.0x
2026-0786.1x₹17457 cr11.2%21.0%0.0x
2026-0682.4x₹17457 cr11.2%21.0%0.0x
2026-0577.5x₹16868 cr11.5%17.0%0.0x
2026-0476.7x₹16868 cr11.5%17.0%0.0x
2026-0359.1x₹16868 cr11.5%17.0%0.0x
2026-0257.9x₹16397 cr13.7%17.0%0.0x
2026-0152.5x₹16397 cr13.7%17.0%0.0x
2025-1251.8x₹16397 cr13.7%17.0%0.0x
2025-1147.9x₹15954 cr16.0%17.0%0.0x
2025-1045.0x₹15954 cr16.0%17.0%0.0x
2025-0945.5x₹15954 cr16.0%17.0%0.0x
2025-0841.9x₹15609 cr17.0%17.0%0.0x
2025-0741.5x₹15609 cr17.0%17.0%0.0x
2025-0644.5x₹15609 cr17.0%17.0%0.0x
2025-0541.2x₹15732 cr18.4%17.0%0.0x
2025-0436.6x₹15732 cr18.4%17.0%0.0x
2025-0350.7x₹15732 cr18.4%17.0%0.0x
2025-0246.2x₹16082 cr17.7%17.0%0.0x
2025-0160.7x₹16082 cr17.7%17.0%0.0x
2024-1265.3x₹16082 cr17.7%17.0%0.0x
2024-1183.5x₹17433 cr18.8%21.0%0.0x
2024-1077.0x₹17433 cr18.8%21.0%0.0x
2024-0980.1x₹17433 cr18.8%21.0%0.0x
2024-0880.1x₹18543 cr17.9%21.0%0.0x
2024-0782.9x₹18543 cr17.9%21.0%0.0x
2024-0689.5x₹18543 cr17.9%21.0%0.0x
2024-0596.4x₹19554 cr15.0%21.0%0.0x
2024-0480.8x₹19554 cr15.0%21.0%0.0x
2024-0374.3x₹19554 cr15.0%21.0%0.0x
2024-0264.7x₹19554 cr15.0%21.0%0.0x
2024-0157.3x₹19554 cr15.0%21.0%0.0x
2023-1255.7x₹19554 cr15.0%21.0%0.0x
2023-1164.3x₹16138 cr13.3%16.0%0.0x
2023-1058.6x₹16138 cr13.3%16.0%0.0x
2023-0964.6x₹16138 cr13.3%16.0%0.0x
2023-0869.0x₹16138 cr13.3%16.0%0.0x
2023-0770.0x₹16138 cr13.3%16.0%0.0x
2023-0666.2x₹16138 cr13.3%16.0%0.0x
2023-0562.4x₹16138 cr13.3%16.0%0.0x
2023-0460.6x₹16138 cr13.3%16.0%0.0x
2023-0358.5x₹16138 cr13.3%16.0%0.0x
2023-0257.1x₹16138 cr13.3%16.0%0.0x
2023-0151.5x₹16138 cr13.3%16.0%0.0x
2022-1249.7x₹16138 cr13.3%16.0%0.0x
2022-1169.2x₹13198 cr10.5%14.0%0.0x
2022-1072.9x₹13198 cr10.5%14.0%0.0x
2022-0969.0x₹13198 cr10.5%14.0%0.0x
2022-0871.9x₹13198 cr10.5%14.0%0.0x
2022-0767.1x₹13198 cr10.5%14.0%0.0x
2022-0659.8x₹13198 cr10.5%14.0%0.0x
2022-0560.7x₹13198 cr10.5%14.0%0.0x
2022-0456.6x₹13198 cr10.5%14.0%0.0x
2022-0359.0x₹13198 cr10.5%14.0%0.0x
2022-0258.5x₹13198 cr10.5%14.0%0.0x
2022-0157.9x₹13198 cr10.5%14.0%0.0x
2021-1258.8x₹13198 cr10.5%14.0%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.

Feedback