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SUZLON ENERGY LIMITED (SUZLON)

Producer Manufacturing · Electrical Products · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.82 / 100
Profitability 83Growth 61Balance sheet 100
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.54 / 100
Price 18Earnings 55FII/DII 89

Passes these screensQuality CompounderValue PickDebt-light & profitable

Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹38.91 latest close · −31.6% over the last 90 sessions

₹40₹50Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹40₹50Jul 3Sep 4Nov 9

₹38.91 month-end · −28.0% over 12 months

₹40₹50₹60Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹40₹50₹60Nov '25May '26Nov '26

₹38.91 month-end · −4.5% over 3 years

₹40₹60₹80Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹40₹60₹80Nov '23May '25Nov '26

₹38.91 month-end · +804.9% since Jan '19

₹0₹25₹50₹75Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹25₹50₹75Jan '19Dec '22Nov '26

52-week range ₹33.15 to ₹61.50 · 1-year volatility 35.0%

Was the rally earned?

-28%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 34 points, but investors now pay less per rupee of profit (P/E 34.8x to 16.8x), which took 62 points back.
  • The share count barely moved.
Net profit growth: +35 pts. Points of the price return explained by net profit growing (or shrinking).+35 ptsNet profit growthP/E change: −62 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−62 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: −28%−28%Share priceNet profit growth: +35 pts. Points of the price return explained by net profit growing (or shrinking).+35ProfitP/E change: −62 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−62P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −28%−28%Share price
Net profit growth+35 ptsNet profit rose about 50%, which lifts the price.
P/E change-62 ptsThe P/E fell from 34.8x to 16.8x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
-5%share price, 3 yearsRoughly flat
  • The share price was roughly flat over 3 years (-5%).
  • The share count rose 8%.
Net profit growth: +9 pts. Points of the price return explained by net profit growing (or shrinking).+9 ptsNet profit growthP/E change: −6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−6 ptsP/E changeShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7 ptsShare count changeShare price: −4%−4%Share priceNet profit growth: +9 pts. Points of the price return explained by net profit growing (or shrinking).+9ProfitP/E change: −6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−6P/EShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7SharesShare price: −4%−4%Share price
Net profit growth+9 ptsNet profit rose about 9%, which lifts the price.
P/E change-6 ptsThe P/E fell from 17.9x to 16.8x, which lowers the price.
Share count change-7 ptsShare count rose 8%, which lowers the price.
+518%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 893 points, but investors now pay less per rupee of profit (P/E 63.0x to 16.8x), which took 375 points back.
  • The share count rose 31%.
Net profit growth: +970 pts. Points of the price return explained by net profit growing (or shrinking).+970 ptsNet profit growthP/E change: −375 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−375 ptsP/E changeShare count change: −77 pts. Points of the price return explained by the share count changing. More shares count against the price.−77 ptsShare count changeShare price: +518%+518%Share priceNet profit growth: +970 pts. Points of the price return explained by net profit growing (or shrinking).+970ProfitP/E change: −375 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−375P/EShare count change: −77 pts. Points of the price return explained by the share count changing. More shares count against the price.−77SharesShare price: +518%+518%Share price
Net profit growth+970 ptsNet profit rose about 2929%, which lifts the price.
P/E change-375 ptsThe P/E fell from 63.0x to 16.8x, which lowers the price.
Share count change-77 ptsShare count rose 31%, 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 HEAVY ELECTRICALS

How rough has the ride been?

Maximum drawdown-77.9%recovered 2021-01
1-year volatility35.0%annualised
Beta vs sector index1.163-year daily, correlation 0.58
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−76.6% 0%−25%−50%−75%2020202220242026−76.6%
Largest drawdowns

-77.9% (2019-03 peak to 2020-03 low, recovered 2021-01)

-60.0% (2024-09 peak to 2026-10 low, not yet recovered)

-52.3% (2022-01 peak to 2022-07 low, recovered 2023-05)

Most recent volume spikes

2026-10-30: 6.1x the 50-day median, price -7.9% 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?

16.8xP/E todayNear its historic low
Against its own history17th percentile
CheapestMedian 37.6xDearest

Usual range 15.3x to 102.7x since 2019-01.

Against Producer Manufacturing16.8x vs 29.6x
This company
16.8x
Sector median
29.6x

43% below the Producer Manufacturing median.

6.7x56.1x105.4x154.8xJan '19Aug '20Mar '22Oct '23May '25Nov '266.7x56.1x105.4x154.8xJan '19Sep '21May '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

  • ROCE92ndflat vs a year ago
  • Op. margin75th▼ 10 pts vs a year ago
  • Revenue growth90th▼ 5 pts vs a year ago
  • EPS growth78th▼ 17 pts vs a year ago
  • Debt/equity ↓77thflat vs a year ago
  • Cash cycle ↓47th▲ 10 pts vs a year ago
  • P/E ↓77th▲ 29 pts vs a year ago
  • 12M momentum20th▼ 32 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?

~20%annual earnings growth implied by the price

At a P/E of 30.8x, the price would imply about 20.3%/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 Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹38.91
P/E
16.8x
ROCE
34.0%
Market Cap
₹53059 cr
Revenue (TTM)
₹17429 cr
P/S
3.0x
P/B
5.6x
ROE
33.3%
Operating Margin
16.0%
Debt / Equity
0.1x
Promoter Holding
11.7%
12M Momentum
-28.0%

52-week range

₹33.15₹61.50
20% of the way from its 52-week low to its high

Price risk

1Y volatility
35.0%
Beta vs sector
1-year daily
1.22

Balance sheet & cash

Interest cover
operating profit ÷ interest
5.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.40x
low
Share count, 1Y
+0.5%

Are profits backed by cash?

4 of 7checks within range2 beyond a threshold
Other income reliance8%Within range

Other income as a share of pre-tax profit (trailing twelve months): 7.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate0%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: 0.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.40xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.40x (cash from operations ₹2,374 cr, net profit ₹5,895 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+35 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 35 days (137 vs 102). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress8% of fixed assetsWithin range

Capital work-in-progress is 8% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+7 days / 2 yrsWithin range

Days payable changed by +7 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

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

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, FIIs added 13.3 pts; promoters trimmed 1.6 pts; DIIs added 1.3 pts.
  • The number of shareholders rose from 28.7 lakh to 55.4 lakh (+93%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters13.3%11.7%-1.6 pts
FIIs10.9%24.1%+13.3 pts
DIIs9.8%11.1%+1.3 pts
Public and others66.0%53.0%-13.0 pts

Number of shareholders

55.4 lakhshareholders+93% since Sep '23
28.7L38.1L47.5L57.0L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 28.7 lakh
Dec '23: 35.1 lakh
Mar '24: 43.6 lakh
Jun '24: 42.0 lakh
Sep '24: 49.9 lakh
Dec '24: 54.7 lakh
Mar '25: 56.7 lakh
Jun '25: 56.0 lakh
Sep '25: 56.4 lakh
Dec '25: 56.4 lakh
Mar '26: 57.0 lakh
Jun '26: 55.4 lakh
 28.7L38.1L47.5L57.0L Sep '23Sep '24Sep '25Jun '26
Sep '23: 28.7 lakh
Dec '23: 35.1 lakh
Mar '24: 43.6 lakh
Jun '24: 42.0 lakh
Sep '24: 49.9 lakh
Dec '24: 54.7 lakh
Mar '25: 56.7 lakh
Jun '25: 56.0 lakh
Sep '25: 56.4 lakh
Dec '25: 56.4 lakh
Mar '26: 57.0 lakh
Jun '26: 55.4 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−1.0%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 SUZLON ENERGY 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 +16% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (+2.0%, 80% range −9.7% to +3.9%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%+100%
KPITTECH · Sep 2025: −54.8% vs market
LXCHEM · Apr 2023: −38.4% vs market
BSOFT · Nov 2024: −38.0% vs market
PSPPROJECT · Aug 2020: −37.8% vs market
COCHINSHIP · Nov 2020: −34.8% vs market
SANOFI · Feb 2025: −33.0% vs market
CROMPTON · Apr 2022: −32.9% vs market
CYIENT · Jun 2024: −31.3% vs market
FLUOROCHEM · Aug 2023: −29.2% vs market
NIITMTS · Oct 2024: −27.5% vs market
VENUSPIPES · Feb 2025: −27.1% vs market
CERA · Apr 2024: −26.7% vs market
GRANULES · Jul 2021: −26.6% vs market
BALAMINES · Jan 2023: −26.5% vs market
AHLUCONT · May 2025: −20.4% vs market
RITES · Nov 2020: −19.9% vs market
KSCL · Dec 2020: −18.7% vs market
RATNAMANI · Feb 2024: −15.6% vs market
LTTS · Jun 2024: −12.2% vs market
ACE · Jul 2025: −10.3% vs market
AIAENG · Feb 2024: −10.2% vs market
PRINCEPIPE · Apr 2022: −9.8% vs market
GODFRYPHLP · Oct 2020: −9.5% vs market
ACI · Apr 2024: −5.4% vs market
DEEPAKNTR · Dec 2022: −1.6% vs market
HINDZINC · Sep 2022: −0.5% vs market
MPHASIS · Oct 2023: −0.1% vs market
VESUVIUS · Dec 2024: +0.2% vs market
IGL · Aug 2022: +1.9% vs market
HCLTECH · May 2021: +1.9% vs market
GAIL · May 2020: +3.6% vs market
BHARATRAS · Mar 2021: +4.8% vs market
STYLAMIND · Feb 2024: +5.5% vs market
ECLERX · Aug 2022: +5.7% vs market
KPRMILL · Feb 2024: +8.6% vs market
COROMANDEL · Jun 2023: +15.2% vs market
CAPLIPOINT · Apr 2021: +15.5% vs market
ZENSARTECH · Jan 2020: +15.6% vs market
CENTURYPLY · Dec 2022: +18.1% vs market
KEI · Aug 2020: +20.7% vs market
HAL · Mar 2021: +20.8% vs market
SUPREMEIND · Jan 2022: +21.2% vs market
BAJAJ-AUTO · May 2025: +21.9% vs market
TECHM · Feb 2021: +29.2% vs market
PRAJIND · Jun 2023: +31.7% vs market
MANKIND · Jul 2024: +34.4% vs market
PERSISTENT · Apr 2024: +55.4% vs market
COFORGE · May 2024: +63.7% vs market
POLYCAB · Dec 2020: +76.2% vs market
FACT · Apr 2022: +176.9% vs market
Similar setups −1.0%All companies −3.0%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge

Similar setups' median
−1.0%
All companies' median
−3.0%
Beat the market
46% vs 47%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
POLYCAB
Producer Manufacturing		 Dec 2020 20x29% +5%−11% +76%
BALAMINES
Process Industries		 Jan 2023 21x49% −27%−37% −27%
DEEPAKNTR
Process Industries		 Dec 2022 25x44% −20%−25% −2%
FLUOROCHEM
Process Industries		 Aug 2023 25x30% −9%−25% −29%
PRINCEPIPE
Producer Manufacturing		 Apr 2022 33x29% +26%−23% −10%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RATNAMANI
Non-Energy Minerals		 Feb 2024 42x27% +39%−21% −16%
SANOFI
Health Technology		 Feb 2025 25x— −35%−45% −33%
ACI
Process Industries		 Apr 2024 21x45% +18%−21% −5%
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 SUZLON ENERGY 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.

KPIT TECHNOLOGIESKPITTECH
Technology Services
60%similar
operating marginROCE
HERO MOTOCORPHEROMOTOCO
Consumer Durables
54%similar
ROCEdebt/equity
INFOSYSINFY
Technology Services
54%similar
promoter holdingROCE
MAHANAGAR GASMGL
Utilities
52%similar
P/Edebt/equity
TANLA PLATFORMSTANLA
Technology Services
48%similar
operating marginP/E
L G BALKRISHNAN & BROSLGBBROSLTD
Producer Manufacturing
51%similar
P/Evolatility
KEI INDUSTRIESKEI
Producer Manufacturing
49%similar
market caprevenue
ELGI EQUIPMENTSELGIEQUIP
Producer Manufacturing
45%similar
volatilityoperating margin

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. OctPriceFell 60% from the Sep 2024 peak to the Oct 2026 low.
  2. OctValuationP/E fell below the 10th percentile of its own history to date (14.7x).
  3. OctPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  4. OctPriceVolume reached 6.1x its 50-day median on 2026-10-30; price -7.9% that day.
  5. AprPriceVolume reached 5.0x its 50-day median on 2026-04-17; price +5.3% that day.
  6. NovPriceVolume reached 5.9x its 50-day median on 2025-11-04; price +1.3% that day.
  7. JunResultsYear-on-year EPS growth turned positive.
  8. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
Show 22 earlier events
  1. MayPriceVolume reached 9.4x its 50-day median on 2025-05-30; price +9.3% that day.
  2. MarResultsRevenue (TTM) reached a new high of ₹9,296 cr.
  3. MarPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  4. FebDebtDebt / equity halved over 12 months to 0.04x.
  5. DecInstitutionsFII + DII holding rose 6.9 pts over 2 quarters to 32.7%.
  6. DecPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  7. SepSharesShare count is up 10.9% over 12 months.
  8. JulDebtDebt / equity halved over 12 months to 0.04x.
  9. JulPriceVolume reached 5.9x its 50-day median on 2024-07-23; price +5.0% that day.
  10. JunPriceRegained the 2024-02 peak, 3 months after the low.
  11. JunValuationP/E crossed above the 90th percentile of its own history to date (107.9x).
  12. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  13. JunDebtDebt / equity fell below 1.0x (0.04x).
  14. MarInstitutionsFII + DII holding rose 3.3 pts over 1 quarter to 24.0%.
  15. MarPriceFell 26% from the Feb 2024 peak to the Mar 2024 low.
  16. NovPriceVolume reached 8.0x its 50-day median on 2023-11-30; price +2.9% that day.
  17. AugSharesShare count is up 33.2% over 12 months.
  18. JunResultsEPS (TTM) turned positive.
  19. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top quartile).
  20. JunPriceVolume reached 24.6x its 50-day median on 2023-06-07; price +18.4% that day.
  21. MayPriceRegained the 2022-01 peak, 10 months after the low.
  22. DecPriceVolume reached 6.0x its 50-day median on 2022-12-19; price +8.4% 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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1116.8x₹17429 cr33.3%34.0%0.1x
2026-1014.7x₹17429 cr33.2%34.0%0.1x
2026-0917.1x₹17429 cr33.2%34.0%0.1x
2026-0820.4x₹16732 cr33.4%34.0%0.1x
2026-0720.6x₹16732 cr33.4%34.0%0.1x
2026-0625.3x₹16732 cr33.4%34.0%0.1x
2026-0523.9x₹15029 cr52.9%33.0%0.1x
2026-0423.4x₹15029 cr52.9%33.0%0.1x
2026-0316.6x₹15029 cr52.9%33.0%0.1x
2026-0218.2x₹13768 cr51.9%33.0%0.1x
2026-0120.4x₹13768 cr51.9%33.0%0.1x
2025-1222.5x₹13768 cr51.9%33.0%0.1x
2025-1134.8x₹12000 cr34.3%33.0%0.1x
2025-1038.3x₹12000 cr34.3%33.0%0.1x
2025-0935.5x₹12000 cr34.3%33.0%0.1x
2025-0836.9x₹10890 cr33.9%33.0%0.1x
2025-0740.3x₹10890 cr33.9%33.0%0.1x
2025-0644.3x₹10890 cr33.9%33.0%0.1x
2025-0584.1x₹9296 cr29.2%25.0%0.0x
2025-0466.4x₹9296 cr29.2%25.0%0.0x
2025-0366.7x₹9296 cr29.2%25.0%0.0x
2025-0270.0x₹7881 cr24.5%25.0%0.0x
2025-0181.9x₹7881 cr24.5%25.0%0.0x
2024-1287.6x₹7881 cr24.5%25.0%0.0x
2024-1198.4x₹7199 cr22.0%25.0%0.0x
2024-10104.6x₹7199 cr22.0%25.0%0.0x
2024-09125.1x₹7199 cr22.0%25.0%0.0x
2024-08154.8x₹6529 cr16.8%25.0%0.0x
2024-07141.6x₹6529 cr16.8%25.0%0.0x
2024-06107.9x₹6529 cr16.8%25.0%0.0x
2024-0520.9x₹5971 cr262.7%20.0%1.8x
2024-0418.2x₹5971 cr262.7%20.0%1.8x
2024-0317.7x₹5971 cr262.7%20.0%1.8x
2024-0219.8x₹5971 cr262.7%20.0%1.8x
2024-0120.2x₹5971 cr262.7%20.0%1.8x
2023-1216.8x₹5971 cr262.7%20.0%1.8x
2023-1117.9x₹5971 cr262.7%20.0%1.8x
2023-1013.4x₹5971 cr262.7%20.0%1.8x
2023-0911.3x₹5971 cr262.7%20.0%1.8x
2023-0810.8x₹5971 cr262.7%20.0%1.8x
2023-078.3x₹5971 cr262.7%20.0%1.8x
2023-066.7x₹5971 cr262.7%20.0%1.8x
2023-05—₹6582 cr—21.0%—
2023-04—₹6582 cr—21.0%—
2023-03—₹6582 cr—21.0%—
2023-02—₹6582 cr—21.0%—
2023-01—₹6582 cr—21.0%—
2022-12—₹6582 cr—21.0%—
2022-11—₹6582 cr—21.0%—
2022-10—₹6582 cr—21.0%—
2022-09—₹6582 cr—21.0%—
2022-08—₹6582 cr—21.0%—
2022-07—₹6582 cr—21.0%—
2022-06—₹6582 cr—21.0%—
2022-0578.5x₹3346 cr—10.0%—
2022-0492.0x₹3346 cr—10.0%—
2022-0384.0x₹3346 cr—10.0%—
2022-0286.5x₹3346 cr—10.0%—
2022-01109.5x₹3346 cr—10.0%—
2021-1293.5x₹3346 cr—10.0%—
2021-1163.0x₹3346 cr—10.0%—
2021-1062.0x₹3346 cr—10.0%—
2021-0959.0x₹3346 cr—10.0%—
2021-0855.5x₹3346 cr—10.0%—
2021-0758.0x₹3346 cr—10.0%—
2021-0673.5x₹3346 cr—10.0%—
2021-05—₹2973 cr—-48.0%—
2021-04—₹2973 cr—-48.0%—
2021-03—₹2973 cr—-48.0%—
2021-02—₹2973 cr—-48.0%—
2021-01—₹2973 cr—-48.0%—
2020-12—₹2973 cr—-48.0%—
2020-11—₹2973 cr—-48.0%—
2020-10—₹2973 cr—-48.0%—
2020-09—₹2973 cr—-48.0%—
2020-08—₹2973 cr—-48.0%—
2020-07—₹2973 cr—-48.0%—
2020-06—₹2973 cr—-48.0%—
2020-05—₹5025 cr—-8.0%—
2020-04—₹5025 cr—-8.0%—
2020-03—₹5025 cr—-8.0%—
2020-02—₹5025 cr—-8.0%—
2020-01—₹5025 cr—-8.0%—
2019-12—₹5025 cr—-8.0%—
2019-11—₹5025 cr—-8.0%—
2019-10—₹5025 cr—-8.0%—
2019-09—₹5025 cr—-8.0%—
2019-08—₹5025 cr—-8.0%—
2019-07—₹5025 cr—-8.0%—
2019-06—₹5025 cr—-8.0%—
2019-05—₹8116 cr—15.0%—
2019-04—₹8116 cr—15.0%—
2019-03—₹8116 cr—15.0%—
2019-02—₹8116 cr—15.0%—
2019-01—₹8116 cr—15.0%—

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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