अApnaFunda
Menu

SUPRAJIT ENGINEERING LIMITED (SUPRAJIT)

Producer Manufacturing · Auto Parts: OEM · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.42 / 100
Profitability 51Growth 48Balance sheet 27
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.52 / 100
Price 32Earnings 82FII/DII 40
Compare withSAMVARDHANA MOTHERSON INTBOSCHCUMMINS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹464.3 latest close · −3.5% over the last 90 sessions

₹450₹475₹500₹525Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹450₹475₹500₹525Jul 3Sep 4Nov 9

₹464.3 month-end · −2.2% over 12 months

₹400₹450₹500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹400₹450₹500Nov '25May '26Nov '26

₹464.3 month-end · +22.0% over 3 years

₹400₹450₹500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹400₹450₹500Nov '23May '25Nov '26

₹464.3 month-end · +133.8% since Jan '19

₹200₹400Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹200₹400Jan '19Dec '22Nov '26

52-week range ₹389.95 to ₹559.25 · 1-year volatility 31.2%

Was the rally earned?

-2%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (-2%).
  • The share count barely moved.
Net profit growth: +54 pts. Points of the price return explained by net profit growing (or shrinking).+54 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 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: −2%−2%Share priceNet profit growth: +54 pts. Points of the price return explained by net profit growing (or shrinking).+54ProfitP/E change: −55 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−55P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −2%−2%Share price
Net profit growth+54 ptsNet profit rose about 73%, which lifts the price.
P/E change-55 ptsThe P/E fell from 59.5x to 34.1x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+22%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 24 points, but investors now pay less per rupee of profit (P/E 34.6x to 34.1x), which took 2 points back.
  • The share count barely moved.
Net profit growth: +23 pts. Points of the price return explained by net profit growing (or shrinking).+23 ptsNet profit growthP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2 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: +22%+22%Share priceNet profit growth: +23 pts. Points of the price return explained by net profit growing (or shrinking).+23ProfitP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +22%+22%Share price
Net profit growth+23 ptsNet profit rose about 23%, which lifts the price.
P/E change-2 ptsThe P/E fell from 34.6x to 34.1x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+12%share price, 5 yearsLower 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 40.8x to 34.1x), which took 19 points back.
  • The share count fell 2%.
Net profit growth: +28 pts. Points of the price return explained by net profit growing (or shrinking).+28 ptsNet profit growthP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19 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: +12%+12%Share priceNet profit growth: +28 pts. Points of the price return explained by net profit growing (or shrinking).+28ProfitP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: +12%+12%Share price
Net profit growth+28 ptsNet profit rose about 31%, which lifts the price.
P/E change-19 ptsThe P/E fell from 40.8x to 34.1x, which lowers the price.
Share count change+2 ptsShare count fell 2%, which lifts the price.
What do "pts" mean?

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

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

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

Compare this with SAMVARDHANA MOTHERSON INT

How rough has the ride been?

Maximum drawdown-55.5%recovered 2021-02
1-year volatility31.2%annualised
Beta vs sector index0.753-year daily, correlation 0.46
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−55.5% 0%−20%−40%2020202220242026−55.5%
Largest drawdowns

-55.5% (2019-04 peak to 2020-05 low, recovered 2021-02)

-41.3% (2024-08 peak to 2025-04 low, not yet recovered)

-39.6% (2021-11 peak to 2022-03 low, recovered 2024-06)

Most recent volume spikes

2026-08-10: 5.6x the 50-day median, price +1.4% that day

2026-07-08: 8.9x the 50-day median, price +1.0% 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?

34.1xP/E todayWithin its usual range
Against its own history49th percentile
CheapestMedian 34.6xDearest

Usual range 19.9x to 43.3x since 2019-01.

Against Producer Manufacturing34.1x vs 29.6x
This company
34.1x
Sector median
29.6x

15% above the Producer Manufacturing median.

10.6x29.3x48.0x66.8xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x29.3x48.0x66.8xJan '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

  • ROCE50th▲ 22 pts vs a year ago
  • Op. margin53rd▲ 20 pts vs a year ago
  • Revenue growth61st▼ 4 pts vs a year ago
  • EPS growth85th▲ 67 pts vs a year ago
  • Debt/equity ↓21st▼ 4 pts vs a year ago
  • Cash cycle ↓43rd▼ 4 pts vs a year ago
  • P/E ↓42nd▲ 22 pts vs a year ago
  • 12M momentum55th▼ 15 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?

~23%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 41.2x, a holder earning 12%/yr needs earnings to grow about 22.8%/yr for 10 years, then trade at 15x.

Delivered2.2%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+20.6 ptsimplied minus delivered
Rank136thmost demanding of 856

Over time

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

0%13%25% Jan 2019Nov 2026 0%13%25% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x24.3%25.4%26.5%
15x21.7%22.8%23.9%
20x18.4%19.5%20.5%

Drag a slider to test other assumptions

Implied: 22.8%/yr

Looking back

  • Jan 2020Price implied 18%/yr; EPS has since grown 5%/yr (7.0 yrs)
  • Jan 2021Price implied 17%/yr; EPS has since grown 10%/yr (6.0 yrs)
  • Jan 2022Price implied 24%/yr; EPS has since grown 5%/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
₹464.30
P/E
34.1x
ROCE
15.0%
Market Cap
₹6369 cr
Revenue (TTM)
₹4032 cr
P/S
1.6x
P/B
4.4x
ROE
13.0%
Operating Margin
12.0%
Debt / Equity
0.7x
Promoter Holding
45.3%
12M Momentum
-2.2%

52-week range

₹389.95₹559.25
44% of the way from its 52-week low to its high

Price risk

1Y volatility
31.2%
Beta vs sector
1-year daily
0.66

Balance sheet & cash

Interest cover
operating profit ÷ interest
5.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.35x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance25%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 24.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate36%Near threshold

Median quarterly effective tax rate over about 2.5 years: 36.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.35xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.35x (cash from operations ₹605 cr, net profit ₹449 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

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

Receivable days vs history+3 daysWithin range

Debtor days are above the median of the previous three fiscal years by 3 days (68 vs 65). 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 days0 days / 2 yrsWithin range

Days payable changed by 0 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, FIIs added 2.0 pts; DIIs added 0.8 pts; promoters added 0.6 pts.
  • The number of shareholders fell from 77,545 to 68,962 (-11%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters44.6%45.3%+0.6 pts
FIIs4.6%6.5%+2.0 pts
DIIs16.2%17.0%+0.8 pts
Public and others34.6%31.2%-3.4 pts

Number of shareholders

68,962shareholders-11% since Dec '23
69k74k79k85k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 77,545
Mar '24: 69,655
Jun '24: 72,725
Sep '24: 84,510
Dec '24: 80,753
Mar '25: 81,429
Jun '25: 76,520
Sep '25: 74,930
Dec '25: 71,917
Mar '26: 73,587
Jun '26: 68,962
 69k74k79k85k Dec '23Dec '24Dec '25Jun '26
Dec '23: 77,545
Mar '24: 69,655
Jun '24: 72,725
Sep '24: 84,510
Dec '24: 80,753
Mar '25: 81,429
Jun '25: 76,520
Sep '25: 74,930
Dec '25: 71,917
Mar '26: 73,587
Jun '26: 68,962

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

−19.4%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like SUPRAJIT ENGINEERING 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 −29% to +6% vs the market, against −5% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −14.9%, 80% range −21.5% to −8.1%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
NILKAMAL · Jul 2023: −52.6% vs market
CEATLTD · Feb 2021: −48.9% vs market
HUHTAMAKI · Oct 2020: −46.0% vs market
KOLTEPATIL · Oct 2023: −45.0% vs market
RKFORGE · Dec 2024: −44.6% vs market
NACLIND · Feb 2023: −43.7% vs market
VRLLOG · Apr 2023: −40.0% vs market
SUDARSCHEM · Jun 2021: −38.4% vs market
CROMPTON · Nov 2024: −37.6% vs market
KNRCON · Mar 2023: −34.7% vs market
SIS · May 2020: −32.9% vs market
MMFL · Mar 2023: −29.9% vs market
PITTIENG · Oct 2024: −29.6% vs market
BALRAMCHIN · Oct 2024: −28.7% vs market
BIRLACORPN · May 2021: −28.2% vs market
SANDHAR · Feb 2020: −27.0% vs market
ARVINDFASN · Sep 2025: −27.0% vs market
SOMANYCERA · Feb 2022: −26.3% vs market
JKLAKSHMI · May 2021: −24.3% vs market
TCI · Mar 2020: −24.2% vs market
EPL · Nov 2024: −23.3% vs market
GODREJIND · Apr 2021: −22.0% vs market
GANECOS · Mar 2023: −21.5% vs market
BLUEDART · Feb 2025: −19.7% vs market
ASTERDM · Mar 2020: −19.6% vs market
KIRLOSENG · Mar 2024: −19.2% vs market
TVSSRICHAK · May 2020: −18.5% vs market
EVEREADY · Sep 2025: −14.9% vs market
GREENPLY · Aug 2025: −12.7% vs market
JUBLPHARMA · Oct 2025: −11.3% vs market
GREENLAM · Feb 2025: −10.1% vs market
JKCEMENT · Apr 2023: −9.6% vs market
HINDWAREAP · Feb 2022: −7.6% vs market
HNDFDS · May 2025: −7.3% vs market
SANSERA · Feb 2023: −5.7% vs market
BANARISUG · May 2022: +1.7% vs market
ASKAUTOLTD · Nov 2024: +5.2% vs market
GODREJAGRO · Jul 2024: +5.7% vs market
LUMAXTECH · Apr 2024: +7.2% vs market
JSWENERGY · Mar 2020: +14.4% vs market
MINDACORP · Aug 2025: +32.6% vs market
ASAHIINDIA · Mar 2025: +33.9% vs market
BLUESTARCO · Jul 2022: +38.7% vs market
PRIVISCL · Jul 2024: +70.0% vs market
CRAFTSMAN · Aug 2022: +72.4% vs market
FSL · Jun 2024: +74.7% vs market
CCL · Apr 2025: +79.9% vs market
CENTURYPLY · Apr 2020: +80.0% vs market
ELGIEQUIP · Oct 2021: +134.7% vs market
AARTIDRUGS · Jan 2020: +268.2% vs market
Similar setups −19.4%All companies −4.5%← 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
−19.4%
All companies' median
−4.5%
Beat the market
30% vs 45%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SANSERA
Producer Manufacturing		 Feb 2023 29x14% +11%−12% −6%
MINDACORP
Producer Manufacturing		 Aug 2025 47x13% −12%−19% +33%
JKLAKSHMI
Non-Energy Minerals		 May 2021 26x16% +125%−2% −24%
HUHTAMAKI
Process Industries		 Oct 2020 24x— +8%−12% −46%
GODREJIND
Process Industries		 Apr 2021 31x10% +93%−7% −22%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
CRAFTSMAN
Producer Manufacturing		 Aug 2022 34x18% +35%−9% +72%
SOMANYCERA
Producer Manufacturing		 Feb 2022 55x12% +69%−22% −26%
CEATLTD
Consumer Durables		 Feb 2021 28x10% +56%−5% −49%
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, P/S 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 SUPRAJIT ENGINEERING LIMITED. 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.

ADITYA VISIONAVL
Retail Trade
75%similar
market cappromoter holding
V MART RETAILVMART
Retail Trade
73%similar
revenuemarket cap
CCL PRODUCTS INDIACCL
Consumer Non-Durables
69%similar
promoter holdingrevenue
JUBILANT PHARMOVAJUBLPHARMA
Health Technology
66%similar
promoter holdingoperating margin
AFCONS INFRASTRUCTUREAFCONS
Industrial Services
65%similar
debt/equitymarket cap
GREENPLY INDUSTRIESGREENPLY
Producer Manufacturing
66%similar
P/EROCE
ELGI EQUIPMENTSELGIEQUIP
Producer Manufacturing
62%similar
revenueEPS growth
TITAGARH RAIL SYSTEMSTITAGARH
Producer Manufacturing
61%similar
operating marginEPS growth

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

What changed?

30 events since Dec '23

  1. AugPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  2. JulPriceVolume reached 8.9x its 50-day median on 2026-07-08; price +1.0% that day.
  3. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  4. MayValuationP/E crossed above the 90th percentile of its own history to date (45.1x).
  5. MayPriceVolume reached 70.8x its 50-day median on 2026-05-26; price +6.4% that day.
  6. JanPriceVolume reached 60.4x its 50-day median on 2026-01-09; price +0.3% that day.
  7. DecResultsYear-on-year EPS growth turned positive.
  8. DecPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
Show 22 earlier events
  1. NovPriceVolume reached 9.0x its 50-day median on 2025-11-11; price +3.4% that day.
  2. SepPriceVolume reached 13.1x its 50-day median on 2025-09-24; price -0.2% that day.
  3. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  4. JunPriceVolume reached 11.8x its 50-day median on 2025-06-05; price +8.8% that day.
  5. MayValuationP/E crossed above the 90th percentile of its own history to date (44.1x).
  6. AprPriceFell 41% from the Aug 2024 peak to the Apr 2025 low.
  7. MarPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  8. DecResultsYear-on-year EPS growth turned negative.
  9. DecValuationP/E crossed above the 90th percentile of its own history to date (46.1x).
  10. DecPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  11. NovPriceVolume reached 7.1x its 50-day median on 2024-11-13; price -9.2% that day.
  12. AugPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  13. AugPriceVolume reached 38.9x its 50-day median on 2024-08-16; price +15.1% that day.
  14. JunResultsYear-on-year EPS growth turned positive.
  15. JunPriceRegained the 2021-11 peak, 27 months after the low.
  16. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  17. MayPriceVolume reached 19.9x its 50-day median on 2024-05-30; price +6.3% that day.
  18. MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  19. FebValuationP/E crossed above the 90th percentile of its own history to date (38.7x).
  20. FebPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  21. FebPriceVolume reached 12.4x its 50-day median on 2024-02-23; price +6.1% that day.
  22. DecPriceVolume reached 40.8x its 50-day median on 2023-12-28; price +8.1% 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
2026-1134.1x₹4032 cr13.0%15.0%0.7x
2026-1034.8x₹4032 cr13.0%15.0%0.7x
2026-0935.4x₹4032 cr13.0%15.0%0.7x
2026-0837.8x₹3825 cr12.7%15.0%0.7x
2026-0737.9x₹3825 cr12.7%15.0%0.7x
2026-0634.6x₹3825 cr12.7%15.0%0.7x
2026-0545.1x₹3660 cr10.9%11.0%0.6x
2026-0441.0x₹3660 cr10.9%11.0%0.6x
2026-0339.5x₹3660 cr10.9%11.0%0.6x
2026-0237.5x₹3513 cr12.4%11.0%0.6x
2026-0138.7x₹3513 cr12.4%11.0%0.6x
2025-1239.8x₹3513 cr12.4%11.0%0.6x
2025-1159.5x₹3406 cr8.4%11.0%0.6x
2025-1056.0x₹3406 cr8.4%11.0%0.6x
2025-0958.0x₹3406 cr8.4%11.0%0.6x
2025-0862.6x₹3278 cr7.7%11.0%0.6x
2025-0763.5x₹3278 cr7.7%11.0%0.6x
2025-0666.8x₹3278 cr7.7%11.0%0.6x
2025-0544.1x₹3184 cr9.5%12.0%0.5x
2025-0440.5x₹3184 cr9.5%12.0%0.5x
2025-0339.6x₹3184 cr9.5%12.0%0.5x
2025-0240.2x₹3076 cr10.1%12.0%0.5x
2025-0140.8x₹3076 cr10.1%12.0%0.5x
2024-1246.1x₹3076 cr10.1%12.0%0.5x
2024-1137.3x₹2951 cr12.6%12.0%0.5x
2024-1041.3x₹2951 cr12.6%12.0%0.5x
2024-0941.7x₹2951 cr12.6%12.0%0.5x
2024-0843.4x₹2896 cr12.3%12.0%0.5x
2024-0743.1x₹2896 cr12.3%12.0%0.5x
2024-0642.3x₹2896 cr12.3%12.0%0.5x
2024-0540.3x₹2752 cr12.4%15.0%0.6x
2024-0438.5x₹2752 cr12.4%15.0%0.6x
2024-0337.5x₹2752 cr12.4%15.0%0.6x
2024-0238.7x₹2752 cr12.4%15.0%0.6x
2024-0135.7x₹2752 cr12.4%15.0%0.6x
2023-1237.0x₹2752 cr12.4%15.0%0.6x
2023-1134.6x₹2752 cr12.4%15.0%0.6x
2023-1033.1x₹2752 cr12.4%15.0%0.6x
2023-0935.2x₹2752 cr12.4%15.0%0.6x
2023-0838.5x₹2752 cr12.4%15.0%0.6x
2023-0738.2x₹2752 cr12.4%15.0%0.6x
2023-0637.2x₹2752 cr12.4%15.0%0.6x
2023-0530.2x₹1840 cr16.0%17.0%0.3x
2023-0428.6x₹1840 cr16.0%17.0%0.3x
2023-0327.6x₹1840 cr16.0%17.0%0.3x
2023-0228.2x₹1840 cr16.0%17.0%0.3x
2023-0125.9x₹1840 cr16.0%17.0%0.3x
2022-1226.4x₹1840 cr16.0%17.0%0.3x
2022-1127.9x₹1840 cr16.0%17.0%0.3x
2022-1026.0x₹1840 cr16.0%17.0%0.3x
2022-0927.3x₹1840 cr16.0%17.0%0.3x
2022-0827.2x₹1840 cr16.0%17.0%0.3x
2022-0727.1x₹1840 cr16.0%17.0%0.3x
2022-0626.6x₹1840 cr16.0%17.0%0.3x
2022-0533.2x₹1641 cr14.4%17.0%0.3x
2022-0434.8x₹1641 cr14.4%17.0%0.3x
2022-0333.5x₹1641 cr14.4%17.0%0.3x
2022-0230.7x₹1641 cr14.4%17.0%0.3x
2022-0139.6x₹1641 cr14.4%17.0%0.3x
2021-1242.2x₹1641 cr14.4%17.0%0.3x

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