Share price
₹207.77 latest close · +19.5% over the last 90 sessions
₹207.77 month-end · +54.7% over 12 months
₹207.77 month-end · +23.9% over 3 years
₹207.77 month-end · +160.0% since Jan '19
52-week range ₹103.50 to ₹265.00 · 1-year volatility 52.4%
Was the rally earned?
Mostly yes, with a catch.
- Per-share earnings added 73 points, but investors now pay less per rupee of profit (P/E 14.5x to 12.5x), which took 19 points back.
- The share count barely moved.
Partly.
- Most of the rise came from investors paying a higher multiple (P/E 8.7x to 12.5x); per-share earnings took off 17 points.
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 110 points, but investors now pay less per rupee of profit (P/E 13.1x to 12.5x), which took 7 points back.
- The share count fell 22%.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-69.2% (2024-09 peak to 2026-03 low, not yet recovered)
-59.0% (2022-01 peak to 2022-06 low, recovered 2024-05)
-51.7% (2019-06 peak to 2020-03 low, recovered 2021-06)
Is it expensive against its own past and its peers?
Usual range 9.2x to 25.4x since 2019-01.
77% below the Electronic Technology median.
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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.
Where does it rank among Electronic Technology peers?
Each cell is the company's percentile rank among its Electronic Technology 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
- ROCE30th▲ 13 pts vs a year ago
- Op. margin22nd▲ 8 pts vs a year ago
- Revenue growth71st▲ 44 pts vs a year ago
- EPS growth80th▲ 31 pts vs a year ago
- Debt/equity ↓85th▲ 4 pts vs a year ago
- Cash cycle ↓80th▲ 14 pts vs a year ago
- P/E ↓92ndflat vs a year ago
- 12M momentum76th▲ 52 pts vs a year ago
Rank history
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 Electronic Technology sector page Watch it move against Electronic Technology in the Observatory
What is the price implying?
At a P/E of 18.5x, the price would imply about 14.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Electronic Technology The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹207.77
- P/E
- 12.5x
- ROCE
- 9.0%
- Market Cap
- ₹207 cr
- Revenue (TTM)
- ₹298 cr
- P/S
- 0.7x
- P/B
- 1.0x
- ROE
- 7.9%
- Operating Margin
- 7.1%
- Debt / Equity
- 0.0x
- Promoter Holding
- 72.8%
- 12M Momentum
- 54.7%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance51%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 51.4%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate25%Within range
Median quarterly effective tax rate over about 2.5 years: 24.7%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.33xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.33x (cash from operations ₹9 cr, net profit ₹27 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+25 daysNear threshold
Debtor days are above the median of the previous three fiscal years by 25 days (121 vs 96). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress3% of fixed assetsWithin range
Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days+38 days / 2 yrsNear threshold
Days payable changed by +38 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.
Who has been buying and selling?
- Over 3 years, promoters added 1.3 pts.
- The number of shareholders fell from 12,402 to 11,028 (-11%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like SMARTLINK HOLDINGS LIMITED 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 +42% vs the market, against −4% for all non-financial companies in the same months.
- The gap against the base rate (+6.4%, 80% range −5.9% to +10.3%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
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 · 5 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 36 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| JOCIL Process Industries |
Oct 2020 | 12x | 10% | +94% | −23% | −24% |
| CHEMBOND Process Industries |
Aug 2023 | 22x | 10% | +125% | −5% | +4% |
| IZMO Technology Services |
Apr 2021 | 8x | 6% | +359% | −8% | +1% |
| AARVI Commercial Services |
Aug 2022 | 13x | 14% | +96% | −13% | +12% |
| ADSL Technology Services |
Oct 2020 | 6x | 6% | +59% | −19% | +165% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| SESHAPAPER Process Industries |
Feb 2023 | 14x | 12% | +69% | −27% | −8% |
| MODISONLTD Producer Manufacturing |
Aug 2024 | 25x | 12% | +115% | −7% | +1% |
| NAHARPOLY Process Industries |
Jan 2021 | 6x | 10% | +138% | −13% | +184% |
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, size and P/E. 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.
What changed?
25 events since Mar '20
- SepPeer rankSlipped to the bottom quartile of Electronic Technology on operating margin (from the 3rd quartile).
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the 3rd quartile of Electronic Technology on ROCE (from the bottom quartile).
- JunDividendStarted paying a dividend (payout 15% of profit).
- MarResultsYear-on-year EPS growth turned negative.
- MarPriceFell 69% from the Sep 2024 peak to the Mar 2026 low.
- MarPeer rankSlipped to the bottom quartile of Electronic Technology on EPS growth (from the 2nd quartile).
- DecResultsRevenue (TTM) reached a new high of ₹226 cr.
Show 17 earlier events
- DecPeer rankMoved into the 2nd quartile of Electronic Technology on EPS growth (from the 3rd quartile).
- SepResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the 3rd quartile of Electronic Technology on EPS growth (from the bottom quartile).
- SepPriceRegained the 2024-05 peak, 1 month after the low.
- AugPriceFell 30% from the May 2024 peak to the Aug 2024 low.
- JunResultsYear-on-year EPS growth turned negative.
- JunValuationP/E crossed above the 90th percentile of its own history to date (39.5x).
- JunPeer rankSlipped to the bottom quartile of Electronic Technology on EPS growth (from the top quartile).
- MayPriceRegained the 2022-01 peak, 23 months after the low.
- FebValuationP/E fell below the 10th percentile of its own history to date (8.8x).
- JunResultsRevenue (TTM) reached a new high of ₹163 cr.
- JunValuationP/E fell below the 10th percentile of its own history to date (8.5x).
- JunPeer rankMoved into the top quartile of Electronic Technology on EPS growth (from the 2nd quartile).
- JunPriceFell 59% from the Jan 2022 peak to the Jun 2022 low.
- JunResultsEPS (TTM) turned positive.
- JunPriceRegained the 2019-06 peak, 15 months after the low.
- MarPriceFell 52% from the Jun 2019 peak to the Mar 2020 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 history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 12.5x | ₹298 cr | 7.9% | 9.0% | 0.0x |
| 2026-10 | 11.8x | ₹298 cr | 7.9% | 9.0% | 0.0x |
| 2026-09 | 12.8x | ₹298 cr | 7.9% | 9.0% | 0.0x |
| 2026-08 | 16.4x | ₹269 cr | 6.3% | 9.0% | 0.0x |
| 2026-07 | 15.2x | ₹269 cr | 6.3% | 9.0% | 0.0x |
| 2026-06 | 13.6x | ₹269 cr | 6.3% | 9.0% | 0.0x |
| 2026-05 | 15.8x | ₹235 cr | 5.2% | 3.0% | 0.0x |
| 2026-04 | 13.0x | ₹235 cr | 5.2% | 3.0% | 0.0x |
| 2026-03 | 10.3x | ₹235 cr | 5.2% | 3.0% | 0.0x |
| 2026-02 | 11.9x | ₹226 cr | 5.3% | 3.0% | 0.0x |
| 2026-01 | 12.2x | ₹226 cr | 5.3% | 3.0% | 0.0x |
| 2025-12 | 12.6x | ₹226 cr | 5.3% | 3.0% | 0.0x |
| 2025-11 | 14.5x | ₹211 cr | 4.7% | 3.0% | 0.0x |
| 2025-10 | 14.2x | ₹211 cr | 4.7% | 3.0% | 0.0x |
| 2025-09 | 15.4x | ₹211 cr | 4.7% | 3.0% | 0.0x |
| 2025-08 | 22.2x | ₹215 cr | 3.4% | 3.0% | 0.0x |
| 2025-07 | 22.0x | ₹215 cr | 3.4% | 3.0% | 0.0x |
| 2025-06 | 24.1x | ₹215 cr | 3.4% | 3.0% | 0.0x |
| 2025-05 | 13.9x | ₹225 cr | 6.0% | 5.0% | 0.2x |
| 2025-04 | 13.3x | ₹225 cr | 6.0% | 5.0% | 0.2x |
| 2025-03 | 11.0x | ₹225 cr | 6.0% | 5.0% | 0.2x |
| 2025-02 | 18.2x | ₹209 cr | 4.1% | 5.0% | 0.2x |
| 2025-01 | 23.3x | ₹209 cr | 4.1% | 5.0% | 0.2x |
| 2024-12 | 25.4x | ₹209 cr | 4.1% | 5.0% | 0.2x |
| 2024-11 | 25.3x | ₹205 cr | 4.1% | 5.0% | 0.2x |
| 2024-10 | 29.3x | ₹205 cr | 4.1% | 5.0% | 0.2x |
| 2024-09 | 36.9x | ₹205 cr | 4.1% | 5.0% | 0.2x |
| 2024-08 | 35.3x | ₹198 cr | 3.7% | 5.0% | 0.2x |
| 2024-07 | 43.0x | ₹198 cr | 3.7% | 5.0% | 0.2x |
| 2024-06 | 39.5x | ₹198 cr | 3.7% | 5.0% | 0.2x |
| 2024-05 | 14.1x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2024-04 | 10.4x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2024-03 | 8.9x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2024-02 | 8.8x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2024-01 | 9.5x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2023-12 | 9.4x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2023-11 | 8.7x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2023-10 | 8.8x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2023-09 | 9.4x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2023-08 | 8.9x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2023-07 | 8.9x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2023-06 | 8.5x | ₹163 cr | 10.3% | 2.0% | 0.2x |
| 2023-05 | 15.4x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2023-04 | 14.9x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2023-03 | 14.2x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2023-02 | 13.3x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2023-01 | 13.0x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2022-12 | 13.4x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2022-11 | 14.4x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2022-10 | 16.1x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2022-09 | 12.2x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2022-08 | 12.9x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2022-07 | 13.2x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2022-06 | 10.7x | ₹80 cr | 6.1% | 4.0% | 0.2x |
| 2022-05 | 14.6x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2022-04 | 15.9x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2022-03 | 14.6x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2022-02 | 16.2x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2022-01 | 21.4x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2021-12 | 29.6x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2021-11 | 13.1x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2021-10 | 14.5x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2021-09 | 15.1x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2021-08 | 13.2x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2021-07 | 15.8x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2021-06 | 14.5x | ₹70 cr | 5.2% | 5.0% | 0.1x |
| 2021-05 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2021-04 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2021-03 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2021-02 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2021-01 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2020-12 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2020-11 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2020-10 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2020-09 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2020-08 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2020-07 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2020-06 | — | ₹75 cr | -7.7% | -3.0% | 0.1x |
| 2020-05 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2020-04 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2020-03 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2020-02 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2020-01 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2019-12 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2019-11 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2019-10 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2019-09 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2019-08 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2019-07 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2019-06 | — | ₹108 cr | -0.8% | 1.0% | 0.1x |
| 2019-05 | — | ₹99 cr | -1.1% | 0.0% | 0.0x |
| 2019-04 | — | ₹99 cr | -1.1% | 0.0% | 0.0x |
| 2019-03 | — | ₹99 cr | -1.1% | 0.0% | 0.0x |
| 2019-02 | — | ₹99 cr | -1.1% | 0.0% | 0.0x |
| 2019-01 | — | ₹99 cr | -1.1% | 0.0% | 0.0x |