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SKIPPER LTD (SKIPPER)

Producer Manufacturing · Metal Fabrication · 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.63 / 100
Profitability 63Growth 95Balance sheet 31
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.63 / 100
Price 60Earnings 62FII/DII 67

Passes these screensQuality CompounderConsistent compounders

Compare withBHARAT FORGESCHAEFFLER INDIAPTC INDUSTRIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹516.6 latest close · −10.1% over the last 90 sessions

₹500₹550₹600Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹500₹550₹600Jul 3Sep 4Nov 9

₹516.6 month-end · +9.8% over 12 months

₹400₹500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹400₹500Nov '25May '26Nov '26

₹516.6 month-end · +110.6% over 3 years

₹200₹400₹600Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹400₹600Nov '23May '25Nov '26

₹516.6 month-end · +791.5% since Jun '19

₹0₹200₹400₹600Jun '19Dec '20Jun '22Nov '23May '25Nov '26 ₹0₹200₹400₹600Jun '19Mar '23Nov '26

52-week range ₹327.05 to ₹616.80 · 1-year volatility 42.3%

Was the rally earned?

+10%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 34 points, but investors now pay less per rupee of profit (P/E 32.7x to 26.0x), which took 24 points back.
  • The share count rose 2%.
Net profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36 ptsNet profit growthP/E change: −24 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−24 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: +10%+10%Share priceNet profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36ProfitP/E change: −24 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−24P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +10%+10%Share price
Net profit growth+36 ptsNet profit rose about 41%, which lifts the price.
P/E change-24 ptsThe P/E fell from 32.7x to 26.0x, which lowers the price.
Share count change-2 ptsShare count rose 2%, which lowers the price.
+111%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 274 points, but investors now pay less per rupee of profit (P/E 77.9x to 26.0x), which took 163 points back.
  • The share count barely moved.
Net profit growth: +275 pts. Points of the price return explained by net profit growing (or shrinking).+275 ptsNet profit growthP/E change: −163 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−163 ptsP/E changeShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1 ptsShare count changeShare price: +111%+111%Share priceNet profit growth: +275 pts. Points of the price return explained by net profit growing (or shrinking).+275ProfitP/E change: −163 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−163P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +111%+111%Share price
Net profit growth+275 ptsNet profit rose about 536%, which lifts the price.
P/E change-163 ptsThe P/E fell from 77.9x to 26.0x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+717%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 802 points, but investors now pay less per rupee of profit (P/E 33.3x to 26.0x), which took 85 points back.
  • The share count rose 4%.
Net profit growth: +816 pts. Points of the price return explained by net profit growing (or shrinking).+816 ptsNet profit growthP/E change: −85 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−85 ptsP/E changeShare count change: −14 pts. Points of the price return explained by the share count changing. More shares count against the price.−14 ptsShare count changeShare price: +717%+717%Share priceNet profit growth: +816 pts. Points of the price return explained by net profit growing (or shrinking).+816ProfitP/E change: −85 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−85P/EShare count change: −14 pts. Points of the price return explained by the share count changing. More shares count against the price.−14SharesShare price: +717%+717%Share price
Net profit growth+816 ptsNet profit rose about 991%, which lifts the price.
P/E change-85 ptsThe P/E fell from 33.3x to 26.0x, which lowers the price.
Share count change-14 ptsShare count rose 4%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with BHARAT FORGE

How rough has the ride been?

Maximum drawdown-80.0%recovered 2021-06
1-year volatility42.3%annualised
Beta vs sector index1.573-year daily, correlation 0.62
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−77.8% 0%−25%−50%−75%2020202220242026−77.8%
Largest drawdowns

-80.0% (2019-01 peak to 2020-03 low, recovered 2021-06)

-48.2% (2024-12 peak to 2026-03 low, not yet recovered)

-46.0% (2021-07 peak to 2022-06 low, recovered 2022-12)

Most recent volume spikes

2026-09-07: 7.2x the 50-day median, price +2.3% that day

2026-09-04: 17.7x the 50-day median, price +8.1% 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?

26.0xP/E todayWithin its usual range
Against its own history36th percentile
CheapestMedian 33.0xDearest

Usual range 14.1x to 67.6x since 2019-06.

Against Producer Manufacturing26.0x vs 29.6x
This company
26.0x
Sector median
29.6x

12% below the Producer Manufacturing median.

6.6x42.2x77.9x113.6xJun '19Dec '20Jun '22Dec '23Jun '25Nov '266.6x42.2x77.9x113.6xJun '19Dec '21Jun '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▲ 4 pts vs a year ago
  • Op. margin45th▲ 4 pts vs a year ago
  • Revenue growth57th▼ 23 pts vs a year ago
  • EPS growth74th▼ 14 pts vs a year ago
  • Debt/equity ↓24th▼ 3 pts vs a year ago
  • Cash cycle ↓85th▲ 8 pts vs a year ago
  • P/E ↓58th▲ 8 pts vs a year ago
  • 12M momentum64th▲ 19 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?

~28%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 57.8x, a holder earning 12%/yr needs earnings to grow about 28.1%/yr for 10 years, then trade at 15x.

Delivered34.1%/yrEPS, last 8 fiscal years · 3-yr avg to 3-yr avg
Gap−6.0 ptsimplied minus delivered
Rank646thmost demanding of 856

Over time

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

0%21%42% Jun 2019Nov 2026 0%21%42% Jun 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x29.8%31.0%32.2%
15x27.0%28.1%29.3%
20x23.4%24.5%25.6%

Drag a slider to test other assumptions

Implied: 28.1%/yr

Looking back

  • Jan 2020Price implied 11%/yr; EPS has since grown 30%/yr (7.0 yrs)
  • Jan 2021Price implied 12%/yr; EPS has since grown 30%/yr (6.0 yrs)
  • Jan 2022Price implied 18%/yr; EPS has since grown 56%/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
₹516.60
P/E
26.0x
ROCE
24.0%
Market Cap
₹6317 cr
Revenue (TTM)
₹5610 cr
P/S
1.1x
P/B
4.2x
ROE
16.3%
Operating Margin
11.0%
Debt / Equity
0.6x
Promoter Holding
66.5%
12M Momentum
9.8%

52-week range

₹327.05₹616.80
65% of the way from its 52-week low to its high

Price risk

1Y volatility
42.3%
Beta vs sector
1-year daily
1.29

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.42x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance2%Within range

Other income as a share of pre-tax profit (trailing twelve months): 2.4%. 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 conversion1.42xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.42x (cash from operations ₹629 cr, net profit ₹444 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+32 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 32 days (98 vs 66). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress23% of fixed assetsWithin range

Capital work-in-progress is 23% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-91 days / 2 yrsWithin range

Days payable changed by -91 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, promoters trimmed 5.4 pts; FIIs trimmed 3.3 pts; DIIs added 1.8 pts.
  • The number of shareholders rose from 44,633 to 87,064 (+95%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters71.9%66.5%-5.4 pts
FIIs7.4%4.1%-3.3 pts
DIIs0.1%1.9%+1.8 pts
Public and others20.6%27.5%+6.9 pts

Number of shareholders

87,064shareholders+95% since Dec '23
45k63k82k1.0L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 44,633
Mar '24: 59,503
Jun '24: 63,082
Sep '24: 70,015
Dec '24: 90,627
Mar '25: 95,774
Jun '25: 1.0 lakh
Sep '25: 96,923
Dec '25: 91,160
Mar '26: 86,431
Jun '26: 87,064
 45k63k82k1.0L Dec '23Dec '24Dec '25Jun '26
Dec '23: 44,633
Mar '24: 59,503
Jun '24: 63,082
Sep '24: 70,015
Dec '24: 90,627
Mar '25: 95,774
Jun '25: 1.0 lakh
Sep '25: 96,923
Dec '25: 91,160
Mar '26: 86,431
Jun '26: 87,064

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

−10.3%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 SKIPPER 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 −26% to +15% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−5.5%, 80% range −16.8% to +2.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
VPRPL · Nov 2024: −73.1% vs market
FILATEX · Mar 2022: −46.6% vs market
HUHTAMAKI · Oct 2020: −46.0% vs market
WELSPUNLIV · Aug 2021: −43.4% vs market
KPIL · Jan 2020: −40.6% vs market
SSWL · Jul 2023: −35.9% vs market
ALICON · Aug 2024: −35.6% vs market
LANDMARK · Dec 2023: −35.4% vs market
PDSL · Oct 2023: −32.2% vs market
GVT&D · Jun 2021: −30.5% vs market
VRLLOG · Feb 2023: −28.6% vs market
BLKASHYAP · Jun 2024: −28.0% vs market
ORIENTCEM · Nov 2021: −26.5% vs market
PNCINFRA · Jul 2021: −24.6% vs market
TCI · Mar 2020: −24.2% vs market
THANGAMAYL · Dec 2021: −23.3% vs market
PUNJABCHEM · Sep 2025: −22.6% vs market
RKFORGE · Apr 2024: −22.0% vs market
CRAFTSMAN · Nov 2023: −21.9% vs market
ARVINDFASN · Aug 2025: −19.2% vs market
TVSSRICHAK · May 2020: −18.5% vs market
TCPLPACK · Jul 2025: −17.3% vs market
HINDWAREAP · Jan 2023: −17.0% vs market
VARROC · Jun 2024: −14.6% vs market
LUMAXIND · Jun 2023: −10.5% vs market
GODREJAGRO · Sep 2025: −10.2% vs market
PNGJL · Oct 2025: −8.9% vs market
CEATLTD · Sep 2025: −4.1% vs market
LTFOODS · Sep 2025: −1.8% vs market
POWERMECH · Apr 2024: −1.7% vs market
JKLAKSHMI · Nov 2021: +2.7% vs market
SUBROS · Feb 2020: +7.7% vs market
SOBHA · Apr 2021: +7.8% vs market
NACLIND · Dec 2021: +7.9% vs market
KEI · Mar 2020: +8.3% vs market
WELENT · Jun 2025: +11.0% vs market
VISHNU · Oct 2025: +11.1% vs market
HGINFRA · May 2023: +16.0% vs market
KEC · Mar 2020: +23.2% vs market
ASKAUTOLTD · Oct 2025: +23.7% vs market
GOODLUCK · Jun 2025: +26.2% vs market
PGIL · Oct 2024: +32.5% vs market
WABAG · Jun 2025: +35.4% vs market
PITTIENG · Dec 2023: +59.1% vs market
CEMPRO · Aug 2025: +60.7% vs market
GRAVITA · Mar 2024: +77.0% vs market
RAMRAT · Sep 2025: +84.4% vs market
PRICOLLTD · Apr 2022: +85.6% vs market
EVEREADY · May 2020: +172.8% vs market
APLAPOLLO · Jul 2020: +202.7% vs market
Similar setups −10.3%All companies −4.8%← 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
−10.3%
All companies' median
−4.8%
Beat the market
40% vs 45%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SOBHA
Finance		 Apr 2021 18x21% +142%−8% +8%
CEMPRO
Industrial Services		 Aug 2025 33x28% +28%−24% +61%
LANDMARK
Retail Trade		 Dec 2023 39x20% +80%−3% −35%
POWERMECH
Industrial Services		 Apr 2024 37x22% +100%−2% −2%
SSWL
Producer Manufacturing		 Jul 2023 20x21% +57%−1% −36%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GRAVITA
Non-Energy Minerals		 Mar 2024 34x32% +106%−13% +77%
KPIL
Industrial Services		 Jan 2020 15x21% +21%−18% −41%
HGINFRA
Industrial Services		 May 2023 16x28% +59%−5% +16%
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: drawdown from 12-month high, 12-month momentum and debt/equity. 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 SKIPPER 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.

CEMINDIA PROJECTSCEMPRO
Industrial Services
65%similar
EPS growthpromoter holding
KRISHANA PHOSCHEMKRISHANA
Process Industries
65%similar
volatilityEPS growth
SENCO GOLDSENCO
Consumer Durables
64%similar
revenue growthmarket cap
GOKUL AGRO RESOURCESGOKULAGRO
Process Industries
63%similar
market caprevenue growth
PEARL GLOBAL INDUSTRIESPGIL
Consumer Non-Durables
63%similar
operating margindebt/equity
RAM RATNA WIRESRAMRAT
Producer Manufacturing
71%similar
ROCErevenue
ASK AUTOMOTIVEASKAUTOLTD
Producer Manufacturing
66%similar
ROCErevenue
BANCO PRODUCTS (INDIA)BANCOINDIA
Producer Manufacturing
64%similar
volatilitypromoter holding

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

What changed?

30 events since Dec '22

  1. SepPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  2. SepPriceVolume reached 17.7x its 50-day median on 2026-09-04; price +8.1% that day.
  3. AprPriceVolume reached 19.4x its 50-day median on 2026-04-21; price +6.6% that day.
  4. MarPriceFell 48% from the Dec 2024 peak to the Mar 2026 low.
  5. JanPriceVolume reached 8.6x its 50-day median on 2026-01-29; price +0.7% that day.
  6. AugPriceVolume reached 48.7x its 50-day median on 2025-08-01; price +6.3% that day.
  7. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  8. MayPriceVolume reached 9.6x its 50-day median on 2025-05-02; price +2.0% that day.
Show 22 earlier events
  1. OctPriceVolume reached 9.0x its 50-day median on 2024-10-14; price +6.2% that day.
  2. SepInstitutionsFII + DII holding fell 3.7 pts over 2 quarters to 3.9%.
  3. SepPriceVolume reached 11.3x its 50-day median on 2024-09-23; price +14.9% that day.
  4. JunPromoterPromoter holding fell 5.4 pts to 66.5%.
  5. JunResultsRevenue (TTM) reached a new high of ₹3,282 cr.
  6. JunPriceRegained the 2024-02 peak, 3 months after the low.
  7. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  8. JunDividendDividend payout cut from 3% to 1% of profit.
  9. JunSharesShare count is up 10.0% over 12 months.
  10. MayPriceVolume reached 6.1x its 50-day median on 2024-05-02; price -1.6% that day.
  11. MarPriceFell 34% from the Feb 2024 peak to the Mar 2024 low.
  12. JanPriceVolume reached 10.8x its 50-day median on 2024-01-08; price +8.3% that day.
  13. NovPriceVolume reached 9.2x its 50-day median on 2023-11-20; price +10.0% that day.
  14. AugPriceVolume reached 8.2x its 50-day median on 2023-08-11; price -11.4% that day.
  15. JunResultsRevenue (TTM) reached a new high of ₹1,980 cr.
  16. JunPriceRegained the 2022-12 peak, 3 months after the low.
  17. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  18. JunPriceVolume reached 44.9x its 50-day median on 2023-06-19; price +20.0% that day.
  19. AprValuationP/E crossed above the 90th percentile of its own history to date (51.8x).
  20. MarPriceFell 36% from the Dec 2022 peak to the Mar 2023 low.
  21. FebPriceVolume reached 6.9x its 50-day median on 2023-02-24; price +15.4% that day.
  22. DecPriceRegained the 2021-07 peak, 6 months after the low.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history90 months · 2019-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1126.0x₹5610 cr16.3%24.0%0.6x
2026-1024.7x₹5610 cr16.0%24.0%0.6x
2026-0926.7x₹5610 cr16.0%24.0%0.6x
2026-0828.7x₹5554 cr15.2%24.0%0.6x
2026-0728.0x₹5554 cr15.2%24.0%0.6x
2026-0628.2x₹5554 cr15.2%24.0%0.6x
2026-0533.9x₹5175 cr16.3%24.0%0.6x
2026-0429.5x₹5175 cr16.3%24.0%0.6x
2026-0320.6x₹5175 cr16.3%24.0%0.6x
2026-0224.8x₹4939 cr14.8%24.0%0.6x
2026-0124.5x₹4939 cr14.8%24.0%0.6x
2025-1229.5x₹4939 cr14.8%24.0%0.6x
2025-1132.7x₹4787 cr14.4%24.0%0.6x
2025-1036.4x₹4787 cr14.4%24.0%0.6x
2025-0935.8x₹4787 cr14.4%24.0%0.6x
2025-0838.7x₹4625 cr13.3%24.0%0.6x
2025-0736.7x₹4625 cr13.3%24.0%0.6x
2025-0638.3x₹4625 cr13.3%24.0%0.6x
2025-0543.8x₹4491 cr14.9%21.0%0.7x
2025-0440.8x₹4491 cr14.9%21.0%0.7x
2025-0338.9x₹4491 cr14.9%21.0%0.7x
2025-0239.9x₹4158 cr13.0%21.0%0.7x
2025-0144.4x₹4158 cr13.0%21.0%0.7x
2024-1255.2x₹4158 cr13.0%21.0%0.7x
2024-1166.8x₹3820 cr11.5%21.0%0.7x
2024-1062.6x₹3820 cr11.5%21.0%0.7x
2024-0954.3x₹3820 cr11.5%21.0%0.7x
2024-0857.8x₹3282 cr9.7%21.0%0.7x
2024-0757.0x₹3282 cr9.7%21.0%0.7x
2024-0648.5x₹3282 cr9.7%21.0%0.7x
2024-0594.6x₹1980 cr5.0%12.0%0.6x
2024-04113.6x₹1980 cr5.0%12.0%0.6x
2024-03102.7x₹1980 cr5.0%12.0%0.6x
2024-02105.4x₹1980 cr5.0%12.0%0.6x
2024-0186.2x₹1980 cr5.0%12.0%0.6x
2023-1270.9x₹1980 cr5.0%12.0%0.6x
2023-1177.9x₹1980 cr5.0%12.0%0.6x
2023-1070.5x₹1980 cr5.0%12.0%0.6x
2023-0968.8x₹1980 cr5.0%12.0%0.6x
2023-0867.5x₹1980 cr5.0%12.0%0.6x
2023-0756.5x₹1980 cr5.0%12.0%0.6x
2023-0652.2x₹1980 cr5.0%12.0%0.6x
2023-0549.5x₹1707 cr3.6%10.0%0.8x
2023-0451.8x₹1707 cr3.6%10.0%0.8x
2023-0342.2x₹1707 cr3.6%10.0%0.8x
2023-0242.8x₹1707 cr3.6%10.0%0.8x
2023-0147.9x₹1707 cr3.6%10.0%0.8x
2022-1255.4x₹1707 cr3.6%10.0%0.8x
2022-1139.5x₹1707 cr3.6%10.0%0.8x
2022-1029.6x₹1707 cr3.6%10.0%0.8x
2022-0931.9x₹1707 cr3.6%10.0%0.8x
2022-0825.6x₹1707 cr3.6%10.0%0.8x
2022-0723.2x₹1707 cr3.6%10.0%0.8x
2022-0623.8x₹1707 cr3.6%10.0%0.8x
2022-0530.8x₹1582 cr3.2%9.0%0.6x
2022-0431.8x₹1582 cr3.2%9.0%0.6x
2022-0328.0x₹1582 cr3.2%9.0%0.6x
2022-0232.2x₹1582 cr3.2%9.0%0.6x
2022-0137.6x₹1582 cr3.2%9.0%0.6x
2021-1240.5x₹1582 cr3.2%9.0%0.6x
2021-1133.3x₹1582 cr3.2%9.0%0.6x
2021-1038.6x₹1582 cr3.2%9.0%0.6x
2021-0941.8x₹1582 cr3.2%9.0%0.6x
2021-0841.5x₹1582 cr3.2%9.0%0.6x
2021-0745.8x₹1582 cr3.2%9.0%0.6x
2021-0646.2x₹1582 cr3.2%9.0%0.6x
2021-0517.2x₹1391 cr6.3%9.0%0.7x
2021-0416.0x₹1391 cr6.3%9.0%0.7x
2021-0316.3x₹1391 cr6.3%9.0%0.7x
2021-0216.6x₹1391 cr6.3%9.0%0.7x
2021-0116.1x₹1391 cr6.3%9.0%0.7x
2020-1216.6x₹1391 cr6.3%9.0%0.7x
2020-1114.8x₹1391 cr6.3%9.0%0.7x
2020-1012.8x₹1391 cr6.3%9.0%0.7x
2020-0912.7x₹1391 cr6.3%9.0%0.7x
2020-0811.9x₹1391 cr6.3%9.0%0.7x
2020-079.4x₹1391 cr6.3%9.0%0.7x
2020-0610.4x₹1391 cr6.3%9.0%0.7x
2020-0510.6x₹1871 cr5.1%—0.8x
2020-048.5x₹1871 cr5.1%—0.8x
2020-036.6x₹1871 cr5.1%—0.8x
2020-0212.1x₹1871 cr5.1%—0.8x
2020-0114.2x₹1871 cr5.1%—0.8x
2019-1218.1x₹1871 cr5.1%—0.8x
2019-1118.8x₹1871 cr5.1%—0.8x
2019-1021.3x₹1871 cr5.1%—0.8x
2019-0918.5x₹1871 cr5.1%—0.8x
2019-0817.5x₹1871 cr5.1%—0.8x
2019-0718.6x₹1871 cr5.1%—0.8x
2019-0621.0x₹1871 cr5.1%—0.8x

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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