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SWARAJ ENGINES LTD (SWARAJENG)

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.79 / 100
Profitability 79Growth 57Balance 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.44 / 100
Price 62Earnings 55FII/DII 16

Passes these screensQuality CompounderDebt-light & profitableConsistent compounders

Compare withSAMVARDHANA MOTHERSON INTBOSCHCUMMINS INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹3,538.2 latest close · −10.2% over the last 90 sessions

₹3,400₹3,600₹3,800Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹3,400₹3,600₹3,800Jul 3Sep 4Nov 9

₹3,538.2 month-end · −2.5% over 12 months

₹3,250₹3,500₹3,750Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹3,250₹3,500₹3,750Nov '25May '26Nov '26

₹3,538.2 month-end · +65.2% over 3 years

₹2,000₹3,000₹4,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹2,000₹3,000₹4,000Nov '23May '25Nov '26

₹3,538.2 month-end · +152.9% since Jan '19

₹1,000₹2,000₹3,000₹4,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹1,000₹2,000₹3,000₹4,000Jan '19Dec '22Nov '26

52-week range ₹3212.80 to ₹4276.20 · 1-year volatility 24.1%

Was the rally earned?

-3%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (-3%).
  • The share count barely moved.
Net profit growth: +16 pts. Points of the price return explained by net profit growing (or shrinking).+16 ptsNet profit growthP/E change: −18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−18 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −2%−2%Share priceNet profit growth: +16 pts. Points of the price return explained by net profit growing (or shrinking).+16ProfitP/E change: −18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−18P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −2%−2%Share price
Net profit growth+16 ptsNet profit rose about 17%, which lifts the price.
P/E change-18 ptsThe P/E fell from 25.5x to 21.3x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+65%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 54 points to the rise, while the multiple moved less (P/E 19.5x to 21.3x).
  • The share count barely moved.
Net profit growth: +53 pts. Points of the price return explained by net profit growing (or shrinking).+53 ptsNet profit growthP/E change: +12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+12 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +65%+65%Share priceNet profit growth: +53 pts. Points of the price return explained by net profit growing (or shrinking).+53ProfitP/E change: +12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+12P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +65%+65%Share price
Net profit growth+53 ptsNet profit rose about 51%, which lifts the price.
P/E change+12 ptsThe P/E rose from 19.5x to 21.3x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+119%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 118 points to the rise, while the multiple moved less (P/E 21.2x to 21.3x).
  • The share count barely moved.
Net profit growth: +118 pts. Points of the price return explained by net profit growing (or shrinking).+118 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: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1 ptsShare count changeShare price: +119%+119%Share priceNet profit growth: +118 pts. Points of the price return explained by net profit growing (or shrinking).+118ProfitP/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: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +119%+119%Share price
Net profit growth+118 ptsNet profit rose about 117%, which lifts the price.
P/E change+1 ptsThe P/E rose from 21.2x to 21.3x, which lifts the price.
Share count change+1 ptsShare count was little changed. More shares would count against 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-48.1%recovered 2020-08
1-year volatility24.1%annualised
Beta vs sector index0.773-year daily, correlation 0.48
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−43.4% 0%−20%−40%2020202220242026−43.4%
Largest drawdowns

-48.1% (2019-01 peak to 2020-03 low, recovered 2020-08)

-33.5% (2021-06 peak to 2022-03 low, recovered 2023-06)

-28.2% (2025-07 peak to 2026-03 low, not yet recovered)

Most recent volume spikes

2026-10-13: 41.6x the 50-day median, price -1.8% that day

2026-10-12: 214x the 50-day median, price +8.7% that day

2026-07-20: 13.3x the 50-day median, price -0.9% 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?

21.3xP/E todayWithin its usual range
Against its own history53rd percentile
CheapestMedian 21.2xDearest

Usual range 16.6x to 27.2x since 2019-01.

Against Producer Manufacturing21.3x vs 29.6x
This company
21.3x
Sector median
29.6x

28% below the Producer Manufacturing median.

10.6x21.7x32.9x44.0xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x21.7x32.9x44.0xJan '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

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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

  • ROCE99thflat vs a year ago
  • Op. margin59th▼ 5 pts vs a year ago
  • Revenue growth65th▼ 11 pts vs a year ago
  • EPS growth59th▼ 15 pts vs a year ago
  • Debt/equity ↓90thflat vs a year ago
  • Cash cycle ↓94thflat vs a year ago
  • P/E ↓66th▲ 4 pts vs a year ago
  • 12M momentum55th▼ 30 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?

~11%annual earnings growth implied by the priceIn line with delivered growth

At P/E of 21.3x, a holder earning 12%/yr needs earnings to grow about 11.0%/yr for 10 years, then trade at 15x.

Delivered12.3%/yrEPS, last 10 fiscal years · fitted trend
Gap−1.3 ptsimplied minus delivered
Rank560thmost demanding of 856

Over time

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

0%8%16% Jan 2019Nov 2026 0%8%16% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x11.8%12.9%13.9%
15x10.0%11.0%12.0%
20x7.5%8.5%9.5%

Drag a slider to test other assumptions

Implied: 11.0%/yr

Looking back

  • Jan 2020Price implied 9%/yr; EPS has since grown 13%/yr (7.0 yrs)
  • Jan 2021Price implied 12%/yr; EPS has since grown 18%/yr (6.0 yrs)
  • Jan 2022Price implied 11%/yr; EPS has since grown 16%/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
₹3538.20
P/E
21.3x
ROCE
58.0%
Market Cap
₹4299 cr
Revenue (TTM)
₹2111 cr
P/S
2.0x
P/B
8.8x
ROE
41.3%
Operating Margin
13.0%
Debt / Equity
0.0x
Promoter Holding
52.1%
12M Momentum
-2.5%

52-week range

₹3212.80₹4276.20
31% of the way from its 52-week low to its high

Price risk

1Y volatility
24.1%
Beta vs sector
1-year daily
0.65

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
0.87x
Share count, 1Y
unchanged

Are profits backed by cash?

7 of 7checks within rangeAll clear
Other income reliance5%Within range

Other income as a share of pre-tax profit (trailing twelve months): 4.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.87xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.87x (cash from operations ₹436 cr, net profit ₹500 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+4 daysWithin range

Debtor days are above the median of the previous three fiscal years by 4 days (37 vs 33). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress51% of fixed assetsWithin range

Capital work-in-progress is 51% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+6 days / 2 yrsWithin range

Days payable changed by +6 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, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders rose from 28,030 to 41,234 (+47%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters52.1%52.1%0.0 pts
FIIs2.6%2.4%-0.2 pts
DIIs8.5%8.8%+0.3 pts
Public and others36.8%36.7%-0.1 pts

Number of shareholders

41,234shareholders+47% since Sep '23
27k32k36k41k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 28,030
Dec '23: 26,976
Mar '24: 27,146
Jun '24: 29,241
Sep '24: 30,207
Dec '24: 31,736
Mar '25: 31,903
Jun '25: 36,487
Sep '25: 36,980
Dec '25: 37,905
Mar '26: 38,470
Jun '26: 41,234
 27k32k36k41k Sep '23Sep '24Sep '25Jun '26
Sep '23: 28,030
Dec '23: 26,976
Mar '24: 27,146
Jun '24: 29,241
Sep '24: 30,207
Dec '24: 31,736
Mar '25: 31,903
Jun '25: 36,487
Sep '25: 36,980
Dec '25: 37,905
Mar '26: 38,470
Jun '26: 41,234

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

−5.9%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 SWARAJ ENGINES LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −23% to +24% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (−1.8%, 80% range −11.8% to +3.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SHAREINDIA · Feb 2024: −47.9% vs market
SANOFI · Jun 2025: −46.6% vs market
FINPIPE · Oct 2021: −41.4% vs market
ARE&M · Aug 2020: −39.7% vs market
ROLEXRINGS · Nov 2023: −32.8% vs market
KKCL · Jun 2024: −30.9% vs market
PSPPROJECT · Apr 2020: −28.9% vs market
RATNAMANI · Sep 2024: −28.8% vs market
JAMNAAUTO · Aug 2023: −28.5% vs market
SHREDIGCEM · Jun 2024: −26.8% vs market
PGHL · Oct 2023: −26.4% vs market
HEIDELBERG · Dec 2020: −26.1% vs market
PETRONET · Feb 2020: −23.7% vs market
ACCELYA · Aug 2020: −22.6% vs market
DODLA · Jul 2025: −22.3% vs market
DEEPAKNTR · Apr 2024: −21.6% vs market
STYRENIX · Nov 2024: −20.3% vs market
PRINCEPIPE · Jan 2023: −17.9% vs market
MSUMI · Aug 2025: −17.8% vs market
SUPREMEIND · Aug 2021: −16.1% vs market
STYLAMIND · Sep 2024: −12.4% vs market
ACI · Dec 2023: −12.3% vs market
SKFINDIA · Jun 2023: −11.3% vs market
ACE · Jul 2025: −10.3% vs market
INGERRAND · Aug 2020: −8.4% vs market
SONATSOFTW · Jan 2020: −3.4% vs market
FIEMIND · Sep 2025: −2.1% vs market
MPSLTD · Nov 2024: −0.7% vs market
COROMANDEL · Sep 2022: −0.6% vs market
HEROMOTOCO · Aug 2025: −0.5% vs market
IMPAL · Oct 2025: +0.5% vs market
AJANTPHARM · Jun 2024: +10.2% vs market
JBCHEPHARM · May 2022: +18.2% vs market
GILLETTE · Apr 2024: +18.6% vs market
ECLERX · Feb 2023: +21.1% vs market
CASTROLIND · Feb 2023: +21.6% vs market
ESCORTS · May 2022: +22.3% vs market
PRICOLLTD · Nov 2024: +24.1% vs market
DHANUKA · Sep 2023: +26.6% vs market
CIGNITITEC · Jul 2024: +29.2% vs market
POLYCAB · Apr 2021: +37.0% vs market
NUCLEUS · Jul 2020: +44.7% vs market
BEL · Mar 2022: +46.2% vs market
RITES · Aug 2022: +53.8% vs market
MPHASIS · Jun 2020: +54.4% vs market
INOXINDIA · Jul 2025: +54.7% vs market
OFSS · Jun 2023: +86.4% vs market
GABRIEL · Dec 2024: +101.8% vs market
LTTS · Nov 2020: +117.2% vs market
VEEDOL · Jul 2020: +134.8% vs market
Similar setups −5.9%All companies −4.1%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
−5.9%
All companies' median
−4.1%
Beat the market
40% vs 46%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
CASTROLIND
Energy Minerals		 Feb 2023 14x67% +6%−15% +22%
SONATSOFTW
Technology Services		 Jan 2020 14x46% +5%−7% −3%
SKFINDIA
Producer Manufacturing		 Jun 2023 21x34% +37%−3% −11%
ACCELYA
Technology Services		 Aug 2020 13x86% +28%−15% −23%
SUPREMEIND
Producer Manufacturing		 Aug 2021 28x42% +64%−4% −16%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RITES
Commercial Services		 Aug 2022 14x29% +8%−4% +54%
FINPIPE
Producer Manufacturing		 Oct 2021 19x36% +111%−6% −41%
LTTS
Technology Services		 Nov 2020 22x43% +16%−5% +117%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and P/E. Not used (unavailable for this company): interest cover. 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 SWARAJ ENGINES LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

VESUVIUS INDIAVESUVIUS
Non-Energy Minerals
66%similar
revenuedebt/equity
D-LINK INDIADLINKINDIA
Electronic Technology
63%similar
promoter holdingrevenue growth
VEEDOL CORPORATIONVEEDOL
Process Industries
60%similar
volatilityrevenue
CERA SANITARYWARECERA
Consumer Durables
59%similar
operating marginrevenue
JYOTHY LABSJYOTHYLAB
Consumer Non-Durables
59%similar
P/Erevenue
FIEM INDUSTRIESFIEMIND
Producer Manufacturing
67%similar
operating marginmarket cap
ADOR WELDINGADOR
Producer Manufacturing
63%similar
debt/equityP/E
SHARDA MOTOR INDUSTRIESSHARDAMOTR
Producer Manufacturing
61%similar
market capEPS growth

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

What changed?

30 events since Mar '22

  1. OctPriceVolume reached 214.0x its 50-day median on 2026-10-12; price +8.7% that day.
  2. JulPriceVolume reached 13.3x its 50-day median on 2026-07-20; price -0.9% that day.
  3. AprPriceVolume reached 38.7x its 50-day median on 2026-04-15; price +3.3% that day.
  4. MarPriceFell 28% from the Jul 2025 peak to the Mar 2026 low.
  5. JanPriceVolume reached 13.3x its 50-day median on 2026-01-16; price -0.4% that day.
  6. OctPriceVolume reached 8.2x its 50-day median on 2025-10-16; price -5.0% that day.
  7. JulPriceVolume reached 28.9x its 50-day median on 2025-07-15; price +10.2% that day.
  8. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
Show 22 earlier events
  1. AprPriceVolume reached 18.6x its 50-day median on 2025-04-16; price +4.6% that day.
  2. MarPriceVolume reached 12.5x its 50-day median on 2025-03-19; price +13.9% that day.
  3. JanValuationP/E crossed above the 90th percentile of its own history to date (27.3x).
  4. OctPriceVolume reached 16.4x its 50-day median on 2024-10-21; price -4.1% that day.
  5. SepResultsRevenue (TTM) reached a new high of ₹1,438 cr.
  6. AugPriceVolume reached 12.6x its 50-day median on 2024-08-26; price +6.4% that day.
  7. JunValuationP/E crossed above the 90th percentile of its own history to date (24.7x).
  8. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  9. AprPriceVolume reached 13.2x its 50-day median on 2024-04-18; price -1.0% that day.
  10. MarPriceVolume reached 27.5x its 50-day median on 2024-03-01; price +8.0% that day.
  11. DecPriceVolume reached 22.2x its 50-day median on 2023-12-18; price +10.0% that day.
  12. SepPriceVolume reached 7.0x its 50-day median on 2023-09-06; price +6.6% that day.
  13. JunResultsRevenue (TTM) reached a new high of ₹1,422 cr.
  14. JunPriceRegained the 2021-06 peak, 15 months after the low.
  15. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  16. AprPriceVolume reached 62.2x its 50-day median on 2023-04-27; price +4.3% that day.
  17. OctPriceVolume reached 12.8x its 50-day median on 2022-10-20; price -4.4% that day.
  18. SepPriceVolume reached 187.3x its 50-day median on 2022-09-21; price +7.7% that day.
  19. JunResultsRevenue (TTM) reached a new high of ₹1,138 cr.
  20. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  21. AprPriceVolume reached 9.7x its 50-day median on 2022-04-27; price +3.0% that day.
  22. MarPriceFell 34% from the Jun 2021 peak to the Mar 2022 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1121.3x₹2111 cr41.3%58.0%0.0x
2026-1020.6x₹2111 cr41.5%58.0%0.0x
2026-0921.3x₹2111 cr41.5%58.0%0.0x
2026-0822.1x₹2007 cr40.3%58.0%0.0x
2026-0722.5x₹2007 cr40.3%58.0%0.0x
2026-0624.1x₹2007 cr40.3%58.0%0.0x
2026-0524.2x₹1915 cr44.6%56.0%0.0x
2026-0425.0x₹1915 cr44.6%56.0%0.0x
2026-0320.9x₹1915 cr44.6%56.0%0.0x
2026-0224.0x₹1788 cr42.2%56.0%0.0x
2026-0123.1x₹1788 cr42.2%56.0%0.0x
2025-1223.9x₹1788 cr42.2%56.0%0.0x
2025-1125.5x₹1748 cr41.1%56.0%0.0x
2025-1027.4x₹1748 cr41.1%56.0%0.0x
2025-0928.3x₹1748 cr41.1%56.0%0.0x
2025-0828.6x₹1682 cr39.4%56.0%0.0x
2025-0729.9x₹1682 cr39.4%56.0%0.0x
2025-0628.1x₹1682 cr39.4%56.0%0.0x
2025-0529.8x₹1579 cr42.1%52.0%0.0x
2025-0430.9x₹1579 cr42.1%52.0%0.0x
2025-0329.6x₹1579 cr42.1%52.0%0.0x
2025-0220.9x₹1513 cr39.9%52.0%0.0x
2025-0127.3x₹1513 cr39.9%52.0%0.0x
2024-1223.6x₹1513 cr39.9%52.0%0.0x
2024-1126.5x₹1438 cr38.0%52.0%0.0x
2024-1025.0x₹1438 cr38.0%52.0%0.0x
2024-0927.0x₹1438 cr38.0%52.0%0.0x
2024-0829.2x₹1419 cr37.5%52.0%0.0x
2024-0727.0x₹1419 cr37.5%52.0%0.0x
2024-0624.7x₹1419 cr37.5%52.0%0.0x
2024-0521.8x₹1422 cr39.2%55.0%0.0x
2024-0421.8x₹1422 cr39.2%55.0%0.0x
2024-0320.2x₹1422 cr39.2%55.0%0.0x
2024-0220.8x₹1422 cr39.2%55.0%0.0x
2024-0119.6x₹1422 cr39.2%55.0%0.0x
2023-1221.4x₹1422 cr39.2%55.0%0.0x
2023-1119.5x₹1422 cr39.2%55.0%0.0x
2023-1017.8x₹1422 cr39.2%55.0%0.0x
2023-0917.6x₹1422 cr39.2%55.0%0.0x
2023-0817.9x₹1422 cr39.2%55.0%0.0x
2023-0717.3x₹1422 cr39.2%55.0%0.0x
2023-0618.9x₹1422 cr39.2%55.0%0.0x
2023-0520.0x₹1138 cr35.6%50.0%0.0x
2023-0418.8x₹1138 cr35.6%50.0%0.0x
2023-0316.6x₹1138 cr35.6%50.0%0.0x
2023-0216.5x₹1138 cr35.6%50.0%0.0x
2023-0117.9x₹1138 cr35.6%50.0%0.0x
2022-1216.8x₹1138 cr35.6%50.0%0.0x
2022-1117.0x₹1138 cr35.6%50.0%0.0x
2022-1017.2x₹1138 cr35.6%50.0%0.0x
2022-0917.2x₹1138 cr35.6%50.0%0.0x
2022-0817.3x₹1138 cr35.6%50.0%0.0x
2022-0717.2x₹1138 cr35.6%50.0%0.0x
2022-0616.5x₹1138 cr35.6%50.0%0.0x
2022-0520.3x₹987 cr33.2%48.0%0.0x
2022-0419.3x₹987 cr33.2%48.0%0.0x
2022-0316.7x₹987 cr33.2%48.0%0.0x
2022-0217.2x₹987 cr33.2%48.0%0.0x
2022-0118.1x₹987 cr33.2%48.0%0.0x
2021-1220.7x₹987 cr33.2%48.0%0.0x

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.

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