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TALBROS AUTOMOTIVE COMPONENTS (TALBROAUTO)

Producer Manufacturing · Industrial Machinery · 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.72 / 100
Profitability 68Growth 63Balance sheet 87
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.57 / 100
Price 45Earnings 52FII/DII 75

Passes these screensDebt-light & profitableConsistent compounders

Compare withWELSPUN CORPVOLTASTHERMAX

Share price

Closing priceAdjusted for splits and bonus issues.

₹389.25 latest close · −5.5% over the last 90 sessions

₹350₹400₹450Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹350₹400₹450Jul 3Sep 4Nov 9

₹389.25 month-end · +39.1% over 12 months

₹300₹400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹300₹400Nov '25May '26Nov '26

₹389.25 month-end · +33.7% over 3 years

₹200₹300₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹300₹400Nov '23May '25Nov '26

₹389.25 month-end · +850.5% since Jan '19

₹0₹200₹400Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹200₹400Jan '19Dec '22Nov '26

52-week range ₹219.90 to ₹485.80 · 1-year volatility 41.3%

Was the rally earned?

+39%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings added 18 points and the multiple added 21 points (P/E 18.0x to 21.5x).
  • The share count barely moved.
Net profit growth: +18 pts. Points of the price return explained by net profit growing (or shrinking).+18 ptsNet profit growthP/E change: +21 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+21 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: +39%+39%Share priceNet profit growth: +18 pts. Points of the price return explained by net profit growing (or shrinking).+18ProfitP/E change: +21 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+21P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +39%+39%Share price
Net profit growth+18 ptsNet profit rose about 17%, which lifts the price.
P/E change+21 ptsThe P/E rose from 18.0x to 21.5x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+34%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 81 points, but investors now pay less per rupee of profit (P/E 32.3x to 21.5x), which took 47 points back.
  • The share count barely moved.
Net profit growth: +81 pts. Points of the price return explained by net profit growing (or shrinking).+81 ptsNet profit growthP/E change: −47 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−47 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: +34%+34%Share priceNet profit growth: +81 pts. Points of the price return explained by net profit growing (or shrinking).+81ProfitP/E change: −47 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−47P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +34%+34%Share price
Net profit growth+81 ptsNet profit rose about 100%, which lifts the price.
P/E change-47 ptsThe P/E fell from 32.3x to 21.5x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+477%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 286 points and the multiple added 191 points (P/E 10.6x to 21.5x).
  • The share count barely moved.
Net profit growth: +287 pts. Points of the price return explained by net profit growing (or shrinking).+287 ptsNet profit growthP/E change: +191 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+191 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: +477%+477%Share priceNet profit growth: +287 pts. Points of the price return explained by net profit growing (or shrinking).+287ProfitP/E change: +191 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+191P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +477%+477%Share price
Net profit growth+287 ptsNet profit rose about 187%, which lifts the price.
P/E change+191 ptsThe P/E rose from 10.6x to 21.5x, 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 WELSPUN CORP

How rough has the ride been?

Maximum drawdown-71.9%recovered 2021-02
1-year volatility41.3%annualised
Beta vs sector index1.033-year daily, correlation 0.44
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−70.6% 0%−20%−40%−60%2020202220242026−70.6%
Largest drawdowns

-71.9% (2019-01 peak to 2020-03 low, recovered 2021-02)

-46.2% (2024-07 peak to 2025-03 low, recovered 2026-06)

-39.4% (2022-01 peak to 2022-06 low, recovered 2023-06)

Most recent volume spikes

2026-09-18: 14.8x the 50-day median, price +9.5% that day

2026-09-07: 12.7x the 50-day median, price +5.9% that day

2026-08-10: 6x the 50-day median, price -3.9% 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?

21.5xP/E todayNear its historic high
Against its own history80th percentile
CheapestMedian 15.0xDearest

Usual range 6.1x to 24.4x since 2019-01.

Against Producer Manufacturing21.5x vs 29.6x
This company
21.5x
Sector median
29.6x

27% below the Producer Manufacturing median.

3.3x16.9x30.5x44.0xJan '19Aug '20Mar '22Oct '23May '25Nov '263.3x16.9x30.5x44.0xJan '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

  • ROCE61stflat vs a year ago
  • Op. margin75th▲ 6 pts vs a year ago
  • Revenue growth36thflat vs a year ago
  • EPS growth59th▲ 28 pts vs a year ago
  • Debt/equity ↓66th▲ 7 pts vs a year ago
  • Cash cycle ↓65th▼ 3 pts vs a year ago
  • P/E ↓66th▼ 16 pts vs a year ago
  • 12M momentum82nd▲ 27 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 priceBelow delivered growth

At normalised P/E (five-year average earnings) of 29.4x, a holder earning 12%/yr needs earnings to grow about 19.5%/yr for 10 years, then trade at 15x.

Delivered26.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−6.5 ptsimplied minus delivered
Rank658thmost demanding of 856

Over time

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

-1%14%29% Jan 2019Nov 2026 -1%14%29% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x21.1%22.1%23.2%
15x18.4%19.5%20.6%
20x15.1%16.2%17.2%

Drag a slider to test other assumptions

Implied: 19.5%/yr

Looking back

  • Jan 2020Price implied 6%/yr; EPS has since grown 22%/yr (7.0 yrs)
  • Jan 2021Price implied 10%/yr; EPS has since grown 43%/yr (6.0 yrs)
  • Jan 2022Price implied 20%/yr; EPS has since grown 22%/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
₹389.25
P/E
21.5x
ROCE
18.0%
Market Cap
₹2405 cr
Revenue (TTM)
₹902 cr
P/S
2.7x
P/B
3.2x
ROE
15.1%
Operating Margin
16.0%
Debt / Equity
0.1x
Promoter Holding
58.4%
12M Momentum
39.1%

52-week range

₹219.90₹485.80
64% of the way from its 52-week low to its high

Price risk

1Y volatility
41.3%
Beta vs sector
1-year daily
0.81

Balance sheet & cash

Interest cover
operating profit ÷ interest
12.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.75x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range3 near a threshold
Other income reliance31%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 30.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate21%Within range

Median quarterly effective tax rate over about 2.5 years: 21.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.75xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.75x (cash from operations ₹232 cr, net profit ₹308 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+19 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 19 days (118 vs 99). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress10% of fixed assetsWithin range

Capital work-in-progress is 10% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+16 days / 2 yrsWithin range

Days payable changed by +16 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 1.3 pts.
  • The number of shareholders fell from 59,441 to 55,208 (-7%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters58.4%58.4%0.0 pts
FIIs0.0%1.3%+1.3 pts
DIIs0.1%0.2%+0.1 pts
Public and others41.5%40.1%-1.4 pts

Number of shareholders

55,208shareholders-7% since Dec '23
55k60k66k71k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 59,441
Mar '24: 61,288
Jun '24: 62,962
Sep '24: 70,717
Dec '24: 68,875
Mar '25: 68,017
Jun '25: 68,350
Sep '25: 66,968
Dec '25: 63,369
Mar '26: 60,911
Jun '26: 55,208
 55k60k66k71k Dec '23Dec '24Dec '25Jun '26
Dec '23: 59,441
Mar '24: 61,288
Jun '24: 62,962
Sep '24: 70,717
Dec '24: 68,875
Mar '25: 68,017
Jun '25: 68,350
Sep '25: 66,968
Dec '25: 63,369
Mar '26: 60,911
Jun '26: 55,208

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

+5.2%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 TALBROS AUTOMOTIVE COMPONENTS 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 −14% to +41% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (+7.1%, 80% range −1.5% to +10.9%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
SDBL · Oct 2025: −41.0% vs market
MATRIMONY · Feb 2025: −35.9% vs market
KITEX · May 2020: −35.2% vs market
DOLLAR · Mar 2022: −33.4% vs market
AVTNPL · Dec 2022: −32.4% vs market
TIRUMALCHM · Mar 2022: −32.0% vs market
MAYURUNIQ · Mar 2023: −27.0% vs market
AHLUCONT · Apr 2024: −25.3% vs market
TIIL · Feb 2025: −22.0% vs market
FLAIR · Oct 2025: −21.7% vs market
SIGACHI · Nov 2023: −20.6% vs market
MOLDTKPAC · Oct 2025: −17.1% vs market
BSOFT · Sep 2023: −14.2% vs market
CYIENT · Jun 2021: −12.0% vs market
GNA · Aug 2021: −10.5% vs market
GALLANTT · Aug 2025: −8.4% vs market
TCI · Jul 2022: −5.2% vs market
GOKEX · Apr 2024: −5.0% vs market
FIEMIND · Dec 2022: −4.8% vs market
DATAMATICS · Sep 2025: −4.4% vs market
PCBL · Mar 2021: −3.0% vs market
PLASTIBLEN · Jan 2020: −0.2% vs market
SJS · Sep 2023: +0.8% vs market
GANESHBE · Sep 2022: +2.6% vs market
ARTEMISMED · Jun 2025: +3.9% vs market
AARTIPHARM · Nov 2024: +6.4% vs market
PRICOLLTD · Nov 2023: +8.4% vs market
ZENSARTECH · Nov 2023: +9.0% vs market
WABAG · Apr 2025: +10.1% vs market
CIGNITITEC · May 2023: +10.9% vs market
BHAGCHEM · Jun 2023: +11.4% vs market
LINCOLN · May 2020: +11.6% vs market
GRAUWEIL · Oct 2022: +14.3% vs market
USHAMART · Aug 2025: +21.4% vs market
GODFRYPHLP · Apr 2023: +27.9% vs market
GENUSPOWER · Dec 2020: +29.7% vs market
JASH · Oct 2023: +33.9% vs market
MARKSANS · Aug 2023: +43.9% vs market
OAL · Sep 2020: +56.5% vs market
GEOJITFSL · Jul 2020: +60.0% vs market
KEI · Oct 2021: +70.5% vs market
NRBBEARING · Oct 2025: +72.8% vs market
TDPOWERSYS · Oct 2022: +77.9% vs market
SHRIPISTON · Feb 2023: +91.8% vs market
ECLERX · Oct 2020: +97.1% vs market
GRWRHITECH · Oct 2023: +99.4% vs market
ACE · Dec 2022: +114.9% vs market
KPRMILL · Mar 2021: +136.2% vs market
RAILTEL · Mar 2023: +142.1% vs market
COCHINSHIP · Mar 2023: +146.6% vs market
Similar setups +5.2%All companies −1.9%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 4 beyond the range shown, drawn at the edge

Similar setups' median
+5.2%
All companies' median
−1.9%
Beat the market
56% vs 48%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SDBL
Consumer Non-Durables		 Oct 2025 26x18% +29%−24% −41%
OAL
Process Industries		 Sep 2020 14x21% +67%−15% +57%
BHAGCHEM
Process Industries		 Jun 2023 35x22% +64%−7% +11%
CYIENT
Technology Services		 Jun 2021 26x15% +212%−2% −12%
FIEMIND
Producer Manufacturing		 Dec 2022 24x21% +53%−14% −5%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
USHAMART
Producer Manufacturing		 Aug 2025 29x19% +15%−14% +21%
TDPOWERSYS
Producer Manufacturing		 Oct 2022 27x16% +85%−8% +78%
SHRIPISTON
Producer Manufacturing		 Feb 2023 15x17% +60%−17% +92%
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: P/E, ROCE and P/S. 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 TALBROS AUTOMOTIVE COMPONENTS. 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.

MAYUR UNIQUOTERSMAYURUNIQ
Process Industries
70%similar
EPS growthpromoter holding
THEJO ENGINEERINGTHEJO
Distribution Services
66%similar
debt/equityrevenue growth
WINDLAS BIOTECHWINDLAS
Health Technology
66%similar
revenuemarket cap
INDRAPRASTHA MEDICAL CORPORATIINDRAMEDCO
Health Services
65%similar
revenue growthEPS growth
ARIES AGROARIES
Process Industries
64%similar
volatilityrevenue
NRB BEARINGSNRBBEARING
Producer Manufacturing
69%similar
ROCEoperating margin
ADOR WELDINGADOR
Producer Manufacturing
64%similar
EPS growthmarket cap
INDIA NIPPON ELECTRICALSINDNIPPON
Producer Manufacturing
63%similar
market capP/E

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

What changed?

30 events since Jun '23

  1. OctPriceFell 28% from the Sep 2026 peak to the Oct 2026 low.
  2. SepPriceVolume reached 14.8x its 50-day median on 2026-09-18; price +9.5% that day.
  3. JunResultsYear-on-year EPS growth turned positive.
  4. JunPriceRegained the 2024-07 peak, 15 months after the low.
  5. JunValuationP/E crossed above the 90th percentile of its own history to date (24.8x).
  6. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  7. MayPriceVolume reached 33.4x its 50-day median on 2026-05-22; price +12.4% that day.
  8. MarResultsRevenue (TTM) reached a new high of ₹840 cr.
Show 22 earlier events
  1. FebPriceVolume reached 17.7x its 50-day median on 2026-02-06; price -2.9% that day.
  2. SepPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  3. SepPriceVolume reached 14.1x its 50-day median on 2025-09-11; price -0.5% that day.
  4. JunResultsYear-on-year EPS growth turned negative.
  5. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  6. JunPriceVolume reached 15.4x its 50-day median on 2025-06-11; price +2.4% that day.
  7. MarPriceFell 46% from the Jul 2024 peak to the Mar 2025 low.
  8. MarPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  9. MarPriceVolume reached 13.4x its 50-day median on 2025-03-18; price +16.1% that day.
  10. NovPriceVolume reached 24.4x its 50-day median on 2024-11-27; price +10.8% that day.
  11. JulPriceVolume reached 25.2x its 50-day median on 2024-07-10; price +10.4% that day.
  12. JunResultsRevenue (TTM) reached a new high of ₹779 cr.
  13. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  14. MayPriceRegained the 2023-11 peak, 2 months after the low.
  15. MayPriceVolume reached 22.8x its 50-day median on 2024-05-22; price +6.2% that day.
  16. MarPriceFell 29% from the Nov 2023 peak to the Mar 2024 low.
  17. NovPriceVolume reached 16.2x its 50-day median on 2023-11-21; price +14.9% that day.
  18. JulValuationP/E crossed above the 90th percentile of its own history to date (19.6x).
  19. JulPriceVolume reached 24.5x its 50-day median on 2023-07-07; price +10.7% that day.
  20. JunResultsRevenue (TTM) reached a new high of ₹647 cr.
  21. JunPriceRegained the 2022-01 peak, 12 months after the low.
  22. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).

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
2026-1121.5x₹902 cr15.1%18.0%0.1x
2026-1019.5x₹902 cr15.1%18.0%0.1x
2026-0923.7x₹902 cr15.1%18.0%0.1x
2026-0824.4x₹871 cr14.0%18.0%0.1x
2026-0724.2x₹871 cr14.0%18.0%0.1x
2026-0624.8x₹871 cr14.0%18.0%0.1x
2026-0521.5x₹840 cr15.7%19.0%0.1x
2026-0420.7x₹840 cr15.7%19.0%0.1x
2026-0314.4x₹840 cr15.7%19.0%0.1x
2026-0216.7x₹827 cr15.2%19.0%0.1x
2026-0116.6x₹827 cr15.2%19.0%0.1x
2025-1217.7x₹827 cr15.2%19.0%0.1x
2025-1118.0x₹829 cr15.2%19.0%0.1x
2025-1018.8x₹829 cr15.2%19.0%0.1x
2025-0918.9x₹829 cr15.2%19.0%0.1x
2025-0817.0x₹826 cr15.0%19.0%0.1x
2025-0718.9x₹826 cr15.0%19.0%0.1x
2025-0619.8x₹826 cr15.0%19.0%0.1x
2025-0515.0x₹823 cr22.0%21.0%0.2x
2025-0413.2x₹823 cr22.0%21.0%0.2x
2025-0312.4x₹823 cr22.0%21.0%0.2x
2025-0211.4x₹821 cr21.8%21.0%0.2x
2025-0115.2x₹821 cr21.8%21.0%0.2x
2024-1215.8x₹821 cr21.8%21.0%0.2x
2024-1117.4x₹800 cr21.2%21.0%0.2x
2024-1017.0x₹800 cr21.2%21.0%0.2x
2024-0918.1x₹800 cr21.2%21.0%0.2x
2024-0819.6x₹779 cr20.5%21.0%0.2x
2024-0721.9x₹779 cr20.5%21.0%0.2x
2024-0617.5x₹779 cr20.5%21.0%0.2x
2024-0531.9x₹647 cr15.3%19.0%0.2x
2024-0432.6x₹647 cr15.3%19.0%0.2x
2024-0328.9x₹647 cr15.3%19.0%0.2x
2024-0230.3x₹647 cr15.3%19.0%0.2x
2024-0130.8x₹647 cr15.3%19.0%0.2x
2023-1233.2x₹647 cr15.3%19.0%0.2x
2023-1132.3x₹647 cr15.3%19.0%0.2x
2023-1025.3x₹647 cr15.3%19.0%0.2x
2023-0923.2x₹647 cr15.3%19.0%0.2x
2023-0823.2x₹647 cr15.3%19.0%0.2x
2023-0719.6x₹647 cr15.3%19.0%0.2x
2023-0616.5x₹647 cr15.3%19.0%0.2x
2023-0515.6x₹577 cr14.9%18.0%0.3x
2023-0413.4x₹577 cr14.9%18.0%0.3x
2023-0311.2x₹577 cr14.9%18.0%0.3x
2023-0211.3x₹577 cr14.9%18.0%0.3x
2023-0113.5x₹577 cr14.9%18.0%0.3x
2022-1215.6x₹577 cr14.9%18.0%0.3x
2022-1112.6x₹577 cr14.9%18.0%0.3x
2022-1013.0x₹577 cr14.9%18.0%0.3x
2022-0913.0x₹577 cr14.9%18.0%0.3x
2022-0813.5x₹577 cr14.9%18.0%0.3x
2022-0714.0x₹577 cr14.9%18.0%0.3x
2022-0613.6x₹577 cr14.9%18.0%0.3x
2022-0514.2x₹444 cr15.8%13.0%0.4x
2022-0415.0x₹444 cr15.8%13.0%0.4x
2022-0314.4x₹444 cr15.8%13.0%0.4x
2022-0214.5x₹444 cr15.8%13.0%0.4x
2022-0117.1x₹444 cr15.8%13.0%0.4x
2021-1212.3x₹444 cr15.8%13.0%0.4x

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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