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SUNTECH INFRA SOLUTIONS LTD (SUNTECH)

Industrial Services · Engineering & Construction · 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.38 / 100
Profitability 54Balance sheet 21

Passes these screensValue Pick

Compare withLARSEN AND TOUBROJSW INFRASTRUCTURERAIL VIKAS NIGAM

Share price

Closing priceAdjusted for splits and bonus issues.

₹40.15 latest close · +6.8% over the last 90 sessions

₹30₹40₹50Jun 24Jul 21Aug 18Sep 10Oct 12Nov 9 ₹30₹40₹50Jun 24Aug 31Nov 9

₹40.15 month-end · −8.8% over 12 months

₹35₹40₹45Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹35₹40₹45Nov '25May '26Nov '26

₹40.15 month-end · −49.2% since Jul '25

₹40₹60₹80Jul '25Oct '25Jan '26May '26Aug '26Nov '26 ₹40₹60₹80Jul '25Mar '26Nov '26

52-week range ₹28.70 to ₹59.35 · 1-year volatility 68.7%

Was the rally earned?

-9%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 10 points, while the multiple moved less (P/E 5.6x to 5.7x).
  • The share count rose 27%.
Net profit growth: +13 pts. Points of the price return explained by net profit growing (or shrinking).+13 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 count change: −23 pts. Points of the price return explained by the share count changing. More shares count against the price.−23 ptsShare count changeShare price: −9%−9%Share priceNet profit growth: +13 pts. Points of the price return explained by net profit growing (or shrinking).+13ProfitP/E change: +1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+1P/EShare count change: −23 pts. Points of the price return explained by the share count changing. More shares count against the price.−23SharesShare price: −9%−9%Share price
Net profit growth+13 ptsNet profit rose about 15%, which lifts the price.
P/E change+1 ptsThe P/E rose from 5.6x to 5.7x, which lifts the price.
Share count change-23 ptsShare count rose 27%, 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.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

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

Compare this with LARSEN AND TOUBRO

How rough has the ride been?

Maximum drawdown-72.4%not yet recovered
1-year volatility68.7%annualised

Drawdown from peak

0%−20%−40%−60%2026−71.1% 0%−20%−40%−60%2026−71.1%
Largest drawdowns

-72.4% (2025-07 peak to 2026-07 low, not yet recovered)

Where does it rank among Industrial Services peers?

Each cell is the company's percentile rank among its Industrial Services 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

  • ROCE54th▼ 14 pts vs a year ago
  • Revenue growth51st
  • EPS growth32nd
  • Debt/equity ↓19th▲ 9 pts vs a year ago
  • Cash cycle ↓61st▼ 11 pts vs a year ago
  • P/E ↓92nd▼ 3 pts vs a year ago
  • 12M momentum69th

Rank history

ROCE
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 Industrial Services sector page Watch it move against Industrial Services in the Observatory

What is the price implying?

~6%annual earnings growth implied by the price

At a P/E of 8.4x, the price would imply about 5.7%/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 Industrial Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹40.15
P/E
5.7x
ROCE
16.0%
Market Cap
₹78 cr
Revenue (TTM)
₹176 cr
P/S
0.4x
P/B
0.8x
ROE
14.5%
Debt / Equity
0.8x
Promoter Holding
69.7%
12M Momentum
-8.8%

52-week range

₹28.70₹59.35
37% of the way from its 52-week low to its high

Price risk

1Y volatility
68.7%
Beta vs sector
1-year daily
0.69

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.13x
low
Share count, 1Y
+26.7%

Are profits backed by cash?

1 of 4checks within range2 beyond a threshold
Other income reliance16%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 15.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion0.13xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.13x (cash from operations ₹5 cr, net profit ₹38 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

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?

  • Since Jun 2025, promoters trimmed 16.7 pts; DIIs added 4.3 pts; FIIs added 1.0 pts.
  • The number of shareholders rose from 26 to 852 (+3177%) between Jun 2025 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupJun '25Jun '26Change
Promoters86.5%69.7%-16.7 pts
FIIs0.0%1.0%+1.0 pts
DIIs0.0%4.3%+4.3 pts
Public and others13.5%25.0%+11.5 pts

Number of shareholders

852shareholders+3177% since Jun '25
26336646956 Jun '25Sep '25Dec '25Mar '26Jun '26
Jun '25: 26
Sep '25: 956
Dec '25: 915
Mar '26: 867
Jun '26: 852
 26336646956 Jun '25Dec '25Jun '26
Jun '25: 26
Sep '25: 956
Dec '25: 915
Mar '26: 867
Jun '26: 852

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

+2.4%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 SUNTECH INFRA SOLUTIONS LTD today on valuation, return on capital, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −22% to +57% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (+4.3%, 80% range −7.3% to +17.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
PRECISION · Nov 2024: −70.9% vs market
KCPSUGIND · Jan 2025: −48.4% vs market
GINNIFILA · May 2022: −48.1% vs market
RAJSREESUG · Jul 2024: −41.8% vs market
RKEC · Aug 2024: −41.4% vs market
BHARATGEAR · Mar 2023: −34.1% vs market
NAGREEKEXP · Nov 2024: −32.9% vs market
MVGJL · Aug 2025: −28.7% vs market
IVP · Jan 2024: −26.7% vs market
INDSWFTLAB · May 2024: −26.1% vs market
LAXMICOT · Sep 2022: −25.1% vs market
CELEBRITY · Dec 2022: −25.0% vs market
BANSWRAS · Jul 2023: −22.0% vs market
RPPINFRA · Feb 2021: −20.7% vs market
NAHARINDUS · Jul 2022: −12.9% vs market
HISARMETAL · Dec 2023: −11.5% vs market
BEARDSELL · Jul 2023: −11.4% vs market
KAMATHOTEL · Aug 2020: −10.8% vs market
MOKSH · Apr 2025: −9.1% vs market
AGARWALFT · Mar 2024: −8.8% vs market
UMIYA-MRO · Feb 2023: −8.2% vs market
ASHALOG · Oct 2025: −7.3% vs market
SUPERHOUSE · Aug 2022: −5.9% vs market
PARACABLES · May 2021: −4.6% vs market
ARCHIDPLY · Jul 2023: −4.5% vs market
ITALIANE · Mar 2025: +9.3% vs market
PRITIKAUTO · Jul 2023: +10.7% vs market
KMSUGAR · Dec 2021: +10.8% vs market
20MICRONS · Jun 2022: +14.5% vs market
ARIES · Jan 2025: +16.3% vs market
SCML · Oct 2024: +19.4% vs market
ARCHIES · May 2022: +28.0% vs market
AMDIND · Jul 2020: +45.7% vs market
REXPIPES · May 2024: +47.3% vs market
MANAKALUCO · Apr 2020: +48.0% vs market
MHHL · Jan 2022: +52.8% vs market
LAMBODHARA · Apr 2021: +56.4% vs market
MAGADSUGAR · Nov 2020: +56.7% vs market
BIL · Feb 2024: +58.4% vs market
ARISTO · Apr 2024: +60.4% vs market
RELIABLE · Mar 2025: +61.5% vs market
SGL · May 2021: +76.7% vs market
SARLAPOLY · Apr 2021: +80.4% vs market
MHLXMIRU · Jul 2023: +83.2% vs market
PREMIERPOL · Oct 2020: +89.3% vs market
GPTINFRA · Apr 2021: +97.1% vs market
AIROLAM · Mar 2021: +105.4% vs market
SURYALAXMI · Mar 2021: +116.3% vs market
DPABHUSHAN · Apr 2021: +223.1% vs market
GOODLUCK · Jan 2021: +265.0% vs market
Similar setups +2.4%All companies −1.9%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
+2.4%
All companies' median
−1.9%
Beat the market
50% vs 48%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
AMDIND
Process Industries		 Jul 2020 5x10% −3%−36% +46%
HISARMETAL
Non-Energy Minerals		 Dec 2023 10x18% +55%−10% −12%
KAMATHOTEL
Consumer Services		 Aug 2020 3x14% −3%−29% −11%
LAMBODHARA
Process Industries		 Apr 2021 8x13% +132%−18% +56%
GPTINFRA
Industrial Services		 Apr 2021 8x13% +100%−19% +97%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RKEC
Industrial Services		 Aug 2024 14x15% +61%−17% −41%
BIL
Consumer Non-Durables		 Feb 2024 6x13% +67%−16% +58%
GINNIFILA
Process Industries		 May 2022 7x18% +37%−38% −48%
How reliable is this?

Matched on P/E, P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, interest cover and drawdown from 12-month high. Not used (unavailable for this company): operating margin. 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 SUNTECH INFRA SOLUTIONS 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 changed?

5 events since Dec '25

  1. JulPriceFell 72% from the Jul 2025 peak to the Jul 2026 low.
  2. JulSharesShare count is up 26.7% over 12 months.
  3. JunDebtDebt / equity fell below 1.0x (0.82x).
  4. DecPromoterPromoter holding fell 17.8 pts to 68.7%.
  5. DecInstitutionsFII + DII holding rose 7.8 pts over 1 quarter to 7.8%.

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 history17 months · 2025-07 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-115.7x₹176 cr14.5%16.0%0.8x
2026-105.4x₹176 cr14.7%16.0%0.8x
2026-095.4x₹176 cr14.7%16.0%0.8x
2026-086.7x₹176 cr14.7%16.0%0.8x
2026-074.6x₹176 cr14.7%16.0%0.8x
2026-065.1x₹176 cr14.7%16.0%0.8x
2026-054.8x₹153 cr24.0%22.0%1.4x
2026-044.9x₹153 cr24.0%22.0%1.4x
2026-034.0x₹153 cr24.0%22.0%1.4x
2026-025.0x₹153 cr24.0%22.0%1.4x
2026-014.5x₹153 cr24.0%22.0%1.4x
2025-125.4x₹153 cr24.0%22.0%1.4x
2025-115.6x₹153 cr24.0%22.0%1.4x
2025-106.6x₹153 cr24.0%22.0%1.4x
2025-097.1x₹153 cr24.0%22.0%1.4x
2025-088.5x₹153 cr24.0%22.0%1.4x
2025-0710.1x₹153 cr24.0%22.0%1.4x

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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