अApnaFunda
Menu

SWELECT ENERGY SYSTEMS LIMITED (SWELECTES)

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.56 / 100
Profitability 55Growth 94Balance sheet 18
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.56 / 100
Price 34Earnings 64FII/DII 70
Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹610.4 latest close · −6.4% over the last 90 sessions

₹550₹600₹650₹700Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹550₹600₹650₹700Jul 3Sep 4Nov 9

₹610.4 month-end · −13.2% over 12 months

₹500₹600₹700Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹600₹700Nov '25May '26Nov '26

₹610.4 month-end · +15.8% over 3 years

₹500₹750₹1,000₹1,250Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹500₹750₹1,000₹1,250Nov '23May '25Nov '26

₹610.4 month-end · +288.9% since Jan '19

₹0₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹483.10 to ₹821.15 · 1-year volatility 39.5%

Was the rally earned?

-13%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 41 points, but investors now pay less per rupee of profit (P/E 39.7x to 22.2x), which took 54 points back.
  • The share count barely moved.
Net profit growth: +41 pts. Points of the price return explained by net profit growing (or shrinking).+41 ptsNet profit growthP/E change: −54 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−54 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: −13%−13%Share priceNet profit growth: +41 pts. Points of the price return explained by net profit growing (or shrinking).+41ProfitP/E change: −54 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−54P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −13%−13%Share price
Net profit growth+41 ptsNet profit rose about 55%, which lifts the price.
P/E change-54 ptsThe P/E fell from 39.7x to 22.2x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+16%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 218 points, but investors now pay less per rupee of profit (P/E 144.4x to 22.2x), which took 202 points back.
  • The share count fell 3%.
Net profit growth: +215 pts. Points of the price return explained by net profit growing (or shrinking).+215 ptsNet profit growthP/E change: −202 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−202 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: +16%+16%Share priceNet profit growth: +215 pts. Points of the price return explained by net profit growing (or shrinking).+215ProfitP/E change: −202 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−202P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: +16%+16%Share price
Net profit growth+215 ptsNet profit rose about 635%, which lifts the price.
P/E change-202 ptsThe P/E fell from 144.4x to 22.2x, which lowers the price.
Share count change+3 ptsShare count fell 3%, which lifts the price.
+170%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 80 points and the multiple added 90 points (P/E 13.1x to 22.2x).
  • The share count rose 6%.
Net profit growth: +91 pts. Points of the price return explained by net profit growing (or shrinking).+91 ptsNet profit growthP/E change: +90 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+90 ptsP/E changeShare count change: −10 pts. Points of the price return explained by the share count changing. More shares count against the price.−10 ptsShare count changeShare price: +170%+170%Share priceNet profit growth: +91 pts. Points of the price return explained by net profit growing (or shrinking).+91ProfitP/E change: +90 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+90P/EShare count change: −10 pts. Points of the price return explained by the share count changing. More shares count against the price.−10SharesShare price: +170%+170%Share price
Net profit growth+91 ptsNet profit rose about 70%, which lifts the price.
P/E change+90 ptsThe P/E rose from 13.1x to 22.2x, which lifts the price.
Share count change-10 ptsShare count rose 6%, 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-68.9%recovered 2020-12
1-year volatility39.5%annualised
Beta vs sector index1.023-year daily, correlation 0.36
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−68.9% 0%−20%−40%−60%2020202220242026−68.9%
Largest drawdowns

-68.9% (2019-07 peak to 2020-03 low, recovered 2020-12)

-67.8% (2024-04 peak to 2025-03 low, not yet recovered)

-40.1% (2022-04 peak to 2023-03 low, recovered 2023-07)

Most recent volume spikes

2026-10-09: 8.5x the 50-day median, price +6.3% that day

2026-09-07: 6.4x the 50-day median, price 0.0% 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?

22.2xP/E todayWithin its usual range
Against its own history52nd percentile
CheapestMedian 22.0xDearest

Usual range 14.0x to 145.8x since 2019-01.

Against Producer Manufacturing22.2x vs 29.6x
This company
22.2x
Sector median
29.6x

25% below the Producer Manufacturing median.

10.6x127.5x244.5x361.4xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x127.5x244.5x361.4xJan '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

  • ROCE20th▲ 7 pts vs a year ago
  • Op. margin90th▼ 3 pts vs a year ago
  • Revenue growth8th▼ 91 pts vs a year ago
  • EPS growth80th▲ 65 pts vs a year ago
  • Debt/equity ↓14th▼ 7 pts vs a year ago
  • Cash cycle ↓70th▲ 15 pts vs a year ago
  • P/E ↓64th▲ 23 pts vs a year ago
  • 12M momentum40th▲ 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?

~19%annual earnings growth implied by the price

At a P/E of 28.3x, the price would imply about 18.5%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“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
₹610.40
P/E
22.2x
ROCE
8.0%
Market Cap
₹925 cr
Revenue (TTM)
₹611 cr
P/S
1.5x
P/B
1.0x
ROE
4.5%
Operating Margin
21.7%
Debt / Equity
0.9x
Promoter Holding
56.4%
12M Momentum
-13.2%

52-week range

₹483.10₹821.15
38% of the way from its 52-week low to its high

Price risk

1Y volatility
39.5%
Beta vs sector
1-year daily
0.98

Balance sheet & cash

Interest cover
operating profit ÷ interest
1.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.33x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 beyond a threshold
Other income reliance56%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 55.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 27.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion2.33xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.33x (cash from operations ₹315 cr, net profit ₹135 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-44 daysWithin range

Debtor days are below the median of the previous three fiscal years by 44 days (34 vs 78). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress19% of fixed assetsWithin range

Capital work-in-progress is 19% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-261 days / 2 yrsWithin range

Days payable changed by -261 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 0.5 pts.
  • The number of shareholders rose from 16,531 to 27,232 (+65%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters56.4%56.4%0.0 pts
FIIs0.1%0.6%+0.5 pts
DIIs0.4%0.0%-0.4 pts
Public and others43.2%43.1%-0.1 pts

Number of shareholders

27,232shareholders+65% since Sep '23
17k27k37k48k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 16,531
Dec '23: 16,844
Mar '24: 23,905
Jun '24: 27,192
Sep '24: 45,230
Dec '24: 47,661
Mar '25: 33,572
Jun '25: 31,523
Sep '25: 30,584
Dec '25: 28,836
Mar '26: 27,718
Jun '26: 27,232
 17k27k37k48k Sep '23Sep '24Sep '25Jun '26
Sep '23: 16,531
Dec '23: 16,844
Mar '24: 23,905
Jun '24: 27,192
Sep '24: 45,230
Dec '24: 47,661
Mar '25: 33,572
Jun '25: 31,523
Sep '25: 30,584
Dec '25: 28,836
Mar '26: 27,718
Jun '26: 27,232

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

+6.7%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 SWELECT ENERGY SYSTEMS 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 −22% to +48% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (+8.2%, 80% range −9.2% to +20.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
RTNPOWER · Aug 2025: −43.3% vs market
AWHCL · Aug 2025: −37.8% vs market
BAJAJHCARE · Oct 2023: −37.5% vs market
INDIANHUME · Jun 2021: −36.0% vs market
BODALCHEM · Sep 2023: −33.3% vs market
EVEREADY · May 2023: −31.7% vs market
DMCC · Jan 2025: −30.8% vs market
FILATEX · Jun 2022: −29.8% vs market
RUPA · Feb 2024: −27.3% vs market
BIRLACORPN · Jun 2025: −27.0% vs market
NELCAST · May 2021: −23.4% vs market
ZIMLAB · Mar 2025: −23.1% vs market
SAGCEM · Feb 2023: −22.8% vs market
ATL · Oct 2025: −21.1% vs market
MONTECARLO · Jan 2025: −20.0% vs market
GOCLCORP · Oct 2021: −18.5% vs market
HIKAL · Aug 2024: −16.0% vs market
SATIA · May 2022: −13.4% vs market
YASHO · Nov 2024: −12.7% vs market
SHRIRAMPPS · Jun 2025: −12.2% vs market
INDIACEM · Apr 2022: −9.1% vs market
NRBBEARING · Apr 2021: −8.5% vs market
KCPSUGIND · Feb 2020: −7.7% vs market
THEINVEST · Jun 2024: −3.1% vs market
JAYBARMARU · Nov 2020: +1.4% vs market
UCAL · Jun 2020: +12.0% vs market
KOKUYOCMLN · Feb 2023: +18.8% vs market
STEELXIND · Sep 2025: +18.8% vs market
BANARISUG · May 2020: +19.5% vs market
ASPINWALL · Mar 2020: +22.7% vs market
AJMERA · Aug 2023: +26.7% vs market
DYNAMATECH · May 2021: +31.3% vs market
MANGLMCEM · Sep 2025: +32.3% vs market
LIBERTSHOE · Aug 2022: +36.0% vs market
ISGEC · Mar 2023: +38.5% vs market
ALICON · Sep 2020: +42.4% vs market
MMFL · Nov 2020: +46.3% vs market
TALBROAUTO · Jun 2020: +48.4% vs market
BRIGADE · Oct 2020: +62.2% vs market
BBL · Apr 2022: +62.9% vs market
KCP · Jul 2020: +79.8% vs market
WELENT · Sep 2022: +91.7% vs market
ANANTRAJ · Feb 2020: +125.4% vs market
APOLLO · May 2022: +133.5% vs market
DEEPAKFERT · Jan 2021: +169.0% vs market
JINDWORLD · Jul 2021: +169.2% vs market
MARATHON · Feb 2022: +171.8% vs market
PURVA · May 2023: +239.3% vs market
GVT&D · Dec 2022: +243.6% vs market
PCJEWELLER · Oct 2021: +262.4% vs market
Similar setups +6.7%All companies −1.5%← 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 · 8 beyond the range shown, drawn at the edge

Similar setups' median
+6.7%
All companies' median
−1.5%
Beat the market
52% vs 48%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
LIBERTSHOE
Consumer Non-Durables		 Aug 2022 19x9% −1%−21% +36%
WELENT
Industrial Services		 Sep 2022 15x5% +19%−11% +92%
AJMERA
Finance		 Aug 2023 18x8% +39%−7% +27%
BAJAJHCARE
Health Technology		 Oct 2023 27x14% +14%−17% −38%
MMFL
Producer Manufacturing		 Nov 2020 22x9% +4%−20% +46%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
NRBBEARING
Producer Manufacturing		 Apr 2021 33x9% +52%−11% −9%
ALICON
Producer Manufacturing		 Sep 2020 27x10% −13%−25% +42%
EVEREADY
Producer Manufacturing		 May 2023 52x14% +6%−14% −32%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and ROCE. 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 SWELECT ENERGY SYSTEMS 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.

ONE POINT ONE SOLUTIONSONEPOINT
Commercial Services
67%similar
revenue growthoperating margin
AURUM PROPTECHAURUM
Technology Services
65%similar
revenue growthrevenue
ARVIND SMARTSPACESARVSMART
Finance
64%similar
EPS growthdebt/equity
SUNTECK REALTYSUNTECK
Finance
53%similar
volatilityROCE
AJMERA REALTY & INFRA INDIA LIAJMERA
Finance
50%similar
revenue growthP/E
PITTI ENGINEERINGPITTIENG
Producer Manufacturing
49%similar
debt/equitypromoter holding
SERVOTECH RENEWABLE POWER SYSTSERVOTECH
Producer Manufacturing
43%similar
revenue growthdebt/equity
TEMBO GLOBAL INDUSTRIESTEMBO
Producer Manufacturing
43%similar
EPS growthdebt/equity

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

What changed?

30 events since Jul '23

  1. OctPriceVolume reached 8.5x its 50-day median on 2026-10-09; price +6.3% that day.
  2. SepPriceVolume reached 6.4x its 50-day median on 2026-09-07; price -0.0% that day.
  3. JunDividendDividend payout cut from 36% to 10% of profit.
  4. JunPriceVolume reached 6.3x its 50-day median on 2026-06-01; price -3.7% that day.
  5. MarResultsYear-on-year EPS growth turned positive.
  6. MarPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  7. JanPriceVolume reached 5.6x its 50-day median on 2026-01-08; price +0.6% that day.
  8. OctPriceVolume reached 10.7x its 50-day median on 2025-10-10; price +5.1% that day.
Show 22 earlier events
  1. SepPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  2. AugPriceVolume reached 160.5x its 50-day median on 2025-08-14; price +11.2% that day.
  3. JunResultsYear-on-year EPS growth turned negative.
  4. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  5. MarPriceFell 68% from the Apr 2024 peak to the Mar 2025 low.
  6. MarPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  7. FebValuationP/E fell below the 10th percentile of its own history to date (13.2x).
  8. FebPriceVolume reached 26.1x its 50-day median on 2025-02-27; price -18.9% that day.
  9. DecResultsRevenue (TTM) reached a new high of ₹451 cr.
  10. DecPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  11. SepPriceVolume reached 27.2x its 50-day median on 2024-09-05; price +11.7% that day.
  12. JunResultsYear-on-year EPS growth turned positive.
  13. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  14. JunDividendDividend payout cut from 33% to 10% of profit.
  15. AprPriceRegained the 2024-03 peak, 1 month after the low.
  16. MarPriceFell 31% from the Mar 2024 peak to the Mar 2024 low.
  17. JanPriceRegained the 2023-11 peak, 1 month after the low.
  18. JanPriceVolume reached 53.4x its 50-day median on 2024-01-24; price +4.7% that day.
  19. DecPriceFell 28% from the Nov 2023 peak to the Dec 2023 low.
  20. NovPriceVolume reached 8.0x its 50-day median on 2023-11-09; price -13.1% that day.
  21. JulPriceRegained the 2022-04 peak, 4 months after the low.
  22. JulPriceVolume reached 46.5x its 50-day median on 2023-07-04; price +17.0% 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
2026-1122.2x₹611 cr4.5%8.0%0.9x
2026-1021.2x₹611 cr4.5%8.0%0.9x
2026-0921.7x₹611 cr4.5%8.0%0.9x
2026-0816.2x₹657 cr5.9%8.0%0.9x
2026-0716.3x₹657 cr5.9%8.0%0.9x
2026-0617.8x₹657 cr5.9%8.0%0.9x
2026-0518.6x₹674 cr6.1%5.0%0.7x
2026-0418.6x₹674 cr6.1%5.0%0.7x
2026-0314.1x₹674 cr6.1%5.0%0.7x
2026-0223.2x₹626 cr3.9%5.0%0.7x
2026-0123.0x₹626 cr3.9%5.0%0.7x
2025-1227.8x₹626 cr3.9%5.0%0.7x
2025-1139.7x₹685 cr3.1%5.0%0.7x
2025-1045.4x₹685 cr3.1%5.0%0.7x
2025-0949.3x₹685 cr3.1%5.0%0.7x
2025-0885.2x₹622 cr1.5%5.0%0.7x
2025-0778.2x₹622 cr1.5%5.0%0.7x
2025-0670.3x₹622 cr1.5%5.0%0.7x
2025-0521.2x₹478 cr4.6%5.0%0.7x
2025-0422.5x₹478 cr4.6%5.0%0.7x
2025-0320.5x₹478 cr4.6%5.0%0.7x
2025-0213.2x₹451 cr6.7%5.0%0.7x
2025-0122.3x₹451 cr6.7%5.0%0.7x
2024-1226.1x₹451 cr6.7%5.0%0.7x
2024-1127.7x₹301 cr6.6%5.0%0.7x
2024-1030.3x₹301 cr6.6%5.0%0.7x
2024-0932.6x₹301 cr6.6%5.0%0.7x
2024-0824.8x₹272 cr7.1%5.0%0.7x
2024-0729.2x₹272 cr7.1%5.0%0.7x
2024-0630.7x₹272 cr7.1%5.0%0.7x
2024-05336.3x₹246 cr0.7%4.0%0.7x
2024-04361.5x₹246 cr0.7%4.0%0.7x
2024-03261.5x₹246 cr0.7%4.0%0.7x
2024-02300.1x₹246 cr0.7%4.0%0.7x
2024-01209.7x₹246 cr0.7%4.0%0.7x
2023-12144.9x₹246 cr0.7%4.0%0.7x
2023-11144.4x₹246 cr0.7%4.0%0.7x
2023-10166.8x₹246 cr0.7%4.0%0.7x
2023-09170.4x₹246 cr0.7%4.0%0.7x
2023-08146.0x₹246 cr0.7%4.0%0.7x
2023-07154.6x₹246 cr0.7%4.0%0.7x
2023-0687.7x₹246 cr0.7%4.0%0.7x
2023-0515.7x₹391 cr3.9%5.0%0.6x
2023-0417.0x₹391 cr3.9%5.0%0.6x
2023-0313.3x₹391 cr3.9%5.0%0.6x
2023-0213.2x₹391 cr3.9%5.0%0.6x
2023-0115.7x₹391 cr3.9%5.0%0.6x
2022-1215.7x₹391 cr3.9%5.0%0.6x
2022-1116.2x₹391 cr3.9%5.0%0.6x
2022-1014.6x₹391 cr3.9%5.0%0.6x
2022-0915.0x₹391 cr3.9%5.0%0.6x
2022-0814.6x₹391 cr3.9%5.0%0.6x
2022-0714.9x₹391 cr3.9%5.0%0.6x
2022-0614.0x₹391 cr3.9%5.0%0.6x
2022-0522.0x₹253 cr3.3%4.0%0.5x
2022-0423.6x₹253 cr3.3%4.0%0.5x
2022-0322.0x₹253 cr3.3%4.0%0.5x
2022-0217.1x₹253 cr3.3%4.0%0.5x
2022-0116.7x₹253 cr3.3%4.0%0.5x
2021-1216.8x₹253 cr3.3%4.0%0.5x
2021-1113.1x₹253 cr3.3%4.0%0.5x
2021-1014.1x₹253 cr3.3%4.0%0.5x
2021-0912.7x₹253 cr3.3%4.0%0.5x
2021-0812.5x₹253 cr3.3%4.0%0.5x
2021-0714.6x₹253 cr3.3%4.0%0.5x
2021-0613.3x₹253 cr3.3%4.0%0.5x
2021-05—₹252 cr-1.3%2.0%0.3x
2021-04—₹252 cr-1.3%2.0%0.3x
2021-03—₹252 cr-1.3%2.0%0.3x
2021-02—₹252 cr-1.3%2.0%0.3x
2021-01—₹252 cr-1.3%2.0%0.3x
2020-12—₹252 cr-1.3%2.0%0.3x
2020-11—₹252 cr-1.3%2.0%0.3x
2020-10—₹252 cr-1.3%2.0%0.3x
2020-09—₹252 cr-1.3%2.0%0.3x
2020-08—₹252 cr-1.3%2.0%0.3x
2020-07—₹252 cr-1.3%2.0%0.3x
2020-06—₹252 cr-1.3%2.0%0.3x
2020-0517.0x₹228 cr0.9%1.0%0.3x
2020-0419.0x₹228 cr0.9%1.0%0.3x
2020-0318.6x₹228 cr0.9%1.0%0.3x
2020-0224.5x₹228 cr0.9%1.0%0.3x
2020-0131.8x₹228 cr0.9%1.0%0.3x
2019-1226.1x₹228 cr0.9%1.0%0.3x
2019-1125.8x₹228 cr0.9%1.0%0.3x
2019-1026.6x₹228 cr0.9%1.0%0.3x
2019-0927.6x₹228 cr0.9%1.0%0.3x
2019-0829.2x₹228 cr0.9%1.0%0.3x
2019-0728.5x₹228 cr0.9%1.0%0.3x
2019-0631.2x₹228 cr0.9%1.0%0.3x
2019-0514.6x₹294 cr2.1%4.0%0.3x
2019-0415.9x₹294 cr2.1%4.0%0.3x
2019-0315.3x₹294 cr2.1%4.0%0.3x
2019-0213.4x₹294 cr2.1%4.0%0.3x
2019-0115.0x₹294 cr2.1%4.0%0.3x

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