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TD POWER SYSTEMS LIMITED (TDPOWERSYS)

Producer Manufacturing · Electrical Products · figures to Nov '26

Balance sheet #14
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.92 / 100
Profitability 88Growth 88Balance 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.65 / 100
Price 46Earnings 70FII/DII 80

Passes these screensQuality CompounderHigh MomentumDebt-light & profitableConsistent compounders

Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹571.65 latest close · +4.7% over the last 90 sessions

₹500₹600₹700₹800Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹500₹600₹700₹800Jul 3Sep 4Nov 9

₹571.65 month-end · +47.1% over 12 months

₹400₹600₹800Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹400₹600₹800Nov '25May '26Nov '26

₹571.65 month-end · +312.7% over 3 years

₹200₹400₹600₹800Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹400₹600₹800Nov '23May '25Nov '26

₹571.65 month-end · +4401.2% since Jan '19

₹0₹250₹500₹750Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹250₹500₹750Jan '19Dec '22Nov '26

52-week range ₹301.20 to ₹856.10 · 1-year volatility 57.2%

Was the rally earned?

+47%share price, 1 yearEarnings-driven

Mostly yes.

  • Per-share earnings added 46 points to the rise, while the multiple moved less (P/E 64.1x to 65.0x).
  • The share count barely moved.
Net profit growth: +45 pts. Points of the price return explained by net profit growing (or shrinking).+45 ptsNet profit growthP/E change: +2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+2 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +47%+47%Share priceNet profit growth: +45 pts. Points of the price return explained by net profit growing (or shrinking).+45ProfitP/E change: +2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+2P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +47%+47%Share price
Net profit growth+45 ptsNet profit rose about 45%, which lifts the price.
P/E change+2 ptsThe P/E rose from 64.1x to 65.0x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+313%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 230 points to the rise, while the multiple moved less (P/E 44.7x to 65.0x).
  • The share count barely moved.
Net profit growth: +229 pts. Points of the price return explained by net profit growing (or shrinking).+229 ptsNet profit growthP/E change: +83 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+83 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: +313%+313%Share priceNet profit growth: +229 pts. Points of the price return explained by net profit growing (or shrinking).+229ProfitP/E change: +83 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+83P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +313%+313%Share price
Net profit growth+229 ptsNet profit rose about 183%, which lifts the price.
P/E change+83 ptsThe P/E rose from 44.7x to 65.0x, which lifts the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+1340%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 902 points to the rise, while the multiple moved less (P/E 27.2x to 65.0x).
  • The share count barely moved.
Net profit growth: +908 pts. Points of the price return explained by net profit growing (or shrinking).+908 ptsNet profit growthP/E change: +438 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+438 ptsP/E changeShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5 ptsShare count changeShare price: +1340%+1340%Share priceNet profit growth: +908 pts. Points of the price return explained by net profit growing (or shrinking).+908ProfitP/E change: +438 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+438P/EShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5SharesShare price: +1340%+1340%Share price
Net profit growth+908 ptsNet profit rose about 509%, which lifts the price.
P/E change+438 ptsThe P/E rose from 27.2x to 65.0x, which lifts the price.
Share count change-5 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 BHARAT HEAVY ELECTRICALS

How rough has the ride been?

Maximum drawdown-56.7%recovered 2021-05
1-year volatility57.2%annualised
Beta vs sector index1.353-year daily, correlation 0.54
Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−56.7% 0%−20%−40%−60%2020202220242026−56.7%
Largest drawdowns

-56.7% (2020-02 peak to 2020-03 low, recovered 2021-05)

-35.6% (2024-12 peak to 2025-03 low, recovered 2025-05)

-30.8% (2026-10 peak to 2026-11 low, not yet recovered)

Most recent volume spikes

2026-11-06: 8.4x the 50-day median, price -13.9% that day

2026-10-05: 6x the 50-day median, price +2.6% that day

2026-08-12: 11.4x the 50-day median, price +16.0% 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?

65.0xP/E todayWithin its usual range
Against its own history78th percentile
CheapestMedian 44.7xDearest

Usual range 15.1x to 104.9x since 2019-01.

Against Producer Manufacturing65.0x vs 29.6x
This company
65.0x
Sector median
29.6x

120% above the Producer Manufacturing median.

10.3x62.9x115.4x168.0xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.3x62.9x115.4x168.0xJan '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

  • ROCE92nd▲ 3 pts vs a year ago
  • Op. margin85thflat vs a year ago
  • Revenue growth92nd▲ 8 pts vs a year ago
  • EPS growth77th▼ 8 pts vs a year ago
  • Debt/equity ↓84th▼ 3 pts vs a year ago
  • Cash cycle ↓28thflat vs a year ago
  • P/E ↓15th▼ 3 pts vs a year ago
  • 12M momentum86th▼ 10 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?

~38%annual earnings growth implied by the price

At a P/E of 127.3x, the price would imply about 38.1%/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
₹571.65
P/E
65.0x
ROCE
34.0%
Market Cap
₹18373 cr
Revenue (TTM)
₹2124 cr
P/S
8.7x
P/B
17.1x
ROE
26.4%
Operating Margin
19.0%
Debt / Equity
0.0x
Promoter Holding
26.9%
12M Momentum
47.1%

52-week range

₹301.20₹856.10
49% of the way from its 52-week low to its high

Price risk

1Y volatility
57.2%
Beta vs sector
1-year daily
1.38

Balance sheet & cash

Interest cover
operating profit ÷ interest
100.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.48x
low
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 7checks within range1 beyond a threshold
Other income reliance5%Within range

Other income as a share of pre-tax profit (trailing twelve months): 5.3%. 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 conversion0.48xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.48x (cash from operations ₹253 cr, net profit ₹532 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+33 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 33 days (146 vs 113). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress6% of fixed assetsWithin range

Capital work-in-progress is 6% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+43 days / 2 yrsNear threshold

Days payable changed by +43 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 14.8 pts; DIIs trimmed 8.9 pts; promoters trimmed 7.4 pts.
  • The number of shareholders rose from 60,287 to 1.3 lakh (+122%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters34.3%26.9%-7.4 pts
FIIs11.3%26.2%+14.8 pts
DIIs32.8%23.9%-8.9 pts
Public and others21.6%23.1%+1.5 pts

Number of shareholders

1.3 lakhshareholders+122% since Dec '23
60k85k1.1L1.3L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 60,287
Mar '24: 68,416
Jun '24: 80,384
Sep '24: 91,359
Dec '24: 1.0 lakh
Mar '25: 1.0 lakh
Jun '25: 1.1 lakh
Sep '25: 1.1 lakh
Dec '25: 1.2 lakh
Mar '26: 1.2 lakh
Jun '26: 1.3 lakh
 60k85k1.1L1.3L Dec '23Dec '24Dec '25Jun '26
Dec '23: 60,287
Mar '24: 68,416
Jun '24: 80,384
Sep '24: 91,359
Dec '24: 1.0 lakh
Mar '25: 1.0 lakh
Jun '25: 1.1 lakh
Sep '25: 1.1 lakh
Dec '25: 1.2 lakh
Mar '26: 1.2 lakh
Jun '26: 1.3 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

−13.8%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 TD POWER 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 −32% to +9% vs the market, against −9% for all non-financial companies in the same months.
  • The gap against the base rate (−5.3%, 80% range −17.3% to +7.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
VAIBHAVGBL · May 2021: −63.1% vs market
TANLA · Jan 2022: −62.8% vs market
NEWGEN · Feb 2025: −54.0% vs market
THYROCARE · Jun 2021: −52.7% vs market
GODFRYPHLP · Oct 2025: −42.0% vs market
IEX · Jan 2022: −40.7% vs market
JWL · Jul 2024: −40.5% vs market
RHIM · Feb 2023: −40.4% vs market
SAKSOFT · Aug 2023: −38.0% vs market
VOLTAMP · Oct 2024: −37.8% vs market
AVANTIFEED · Jun 2020: −33.8% vs market
KIOCL · Jun 2021: −32.7% vs market
GMMPFAUDLR · Sep 2020: −32.2% vs market
ROUTE · Sep 2021: −30.1% vs market
FINEORG · Oct 2022: −29.9% vs market
ADVENZYMES · Dec 2020: −27.8% vs market
TAC · Aug 2025: −27.8% vs market
EMUDHRA · Jan 2025: −27.7% vs market
RAILTEL · Aug 2024: −27.5% vs market
TRITURBINE · Oct 2024: −24.6% vs market
ANUP · Jul 2025: −22.0% vs market
ACE · Jun 2024: −19.7% vs market
BDL · Aug 2025: −17.5% vs market
AVANTEL · Oct 2025: −17.0% vs market
FCL · May 2023: −16.4% vs market
ZENTEC · Mar 2025: −11.1% vs market
ITDC · May 2024: −8.7% vs market
ASTRAZEN · Jun 2025: −7.8% vs market
KFINTECH · Feb 2025: −6.9% vs market
BLS · Sep 2023: +1.2% vs market
GRSE · Aug 2025: +1.3% vs market
COCHINSHIP · Apr 2025: +2.1% vs market
NEULANDLAB · Feb 2025: +2.4% vs market
BALAMINES · Jun 2021: +7.2% vs market
CDSL · Aug 2024: +7.7% vs market
GOLDIAM · Sep 2025: +7.7% vs market
CAPLIPOINT · Nov 2020: +8.4% vs market
INGERRAND · Jun 2023: +9.2% vs market
INDOTECH · Apr 2025: +11.4% vs market
MAZDOCK · Jul 2024: +12.2% vs market
HBLENGINE · Aug 2024: +40.1% vs market
KRN · Oct 2025: +54.0% vs market
COFORGE · Nov 2020: +60.4% vs market
DATAPATTNS · Sep 2025: +67.2% vs market
NETWEB · Jul 2025: +111.4% vs market
AEROFLEX · Jul 2025: +118.6% vs market
BSE · Aug 2024: +140.8% vs market
ACUTAAS · Sep 2025: +147.5% vs market
RPEL · Sep 2025: +179.8% vs market
AIMTRON · Sep 2025: +180.5% vs market
Similar setups −13.8%All companies −8.5%← 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 · 6 beyond the range shown, drawn at the edge

Similar setups' median
−13.8%
All companies' median
−8.5%
Beat the market
42% vs 40%

50 past situations · 50 companies · 28 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ITDC
Consumer Services		 May 2024 94x28% +102%−23% −9%
GRSE
Producer Manufacturing		 Aug 2025 51x37% +30%−33% +1%
NEWGEN
Technology Services		 Feb 2025 45x27% +10%−47% −54%
COFORGE
Technology Services		 Nov 2020 34x27% +61%−14% +60%
TRITURBINE
Producer Manufacturing		 Oct 2024 76x38% +93%−15% −25%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BLS
Technology Services		 Sep 2023 51x32% +77%−16% +1%
NEULANDLAB
Health Technology		 Feb 2025 49x33% +48%−41% +2%
THYROCARE
Health Services		 Jun 2021 61x36% +158%−9% −53%
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, operating margin and debt/equity. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 TD POWER 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.

ACUTAAS CHEMICALSACUTAAS
Process Industries
71%similar
revenue growthROCE
DATA PATTERNS INDIADATAPATTNS
Electronic Technology
70%similar
market caprevenue growth
SHAILY ENGINEERING PLASTICS LTSHAILY
Process Industries
57%similar
ROCEP/E
CUPIDCUPID
Consumer Non-Durables
55%similar
ROCEvolatility
AVALON TECHNOLOGIESAVALON
Electronic Technology
53%similar
volatilityrevenue
KIRLOSKAR PNEUMATIC COLTDKIRLPNU
Producer Manufacturing
51%similar
ROCErevenue
HBL ENGINEERINGHBLENGINE
Producer Manufacturing
50%similar
revenue growthmarket cap
VOLTAMP TRANSFORMERSVOLTAMP
Producer Manufacturing
50%similar
revenuepromoter holding

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

What changed?

30 events since Nov '22

  1. NovPriceFell 31% from the Oct 2026 peak to the Nov 2026 low.
  2. NovPriceVolume reached 8.4x its 50-day median on 2026-11-06; price -13.9% that day.
  3. SepPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  4. AugPriceVolume reached 11.4x its 50-day median on 2026-08-12; price +16.0% that day.
  5. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  6. MayPriceVolume reached 9.2x its 50-day median on 2026-05-15; price +10.7% that day.
  7. JanPriceVolume reached 6.9x its 50-day median on 2026-01-30; price +7.8% that day.
  8. OctPriceVolume reached 26.1x its 50-day median on 2025-10-31; price +13.3% that day.
Show 22 earlier events
  1. SepPromoterPromoter holding fell 6.3 pts to 26.9%.
  2. SepInstitutionsFII + DII holding rose 5.0 pts over 1 quarter to 49.0%.
  3. SepPriceVolume reached 10.5x its 50-day median on 2025-09-03; price +7.4% that day.
  4. JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  5. MayPriceRegained the 2024-12 peak, 2 months after the low.
  6. MayPriceVolume reached 13.4x its 50-day median on 2025-05-22; price -2.0% that day.
  7. MarPriceFell 36% from the Dec 2024 peak to the Mar 2025 low.
  8. MarPriceVolume reached 5.3x its 50-day median on 2025-03-04; price +5.8% that day.
  9. NovPriceVolume reached 8.0x its 50-day median on 2024-11-05; price +6.0% that day.
  10. SepPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  11. JunResultsRevenue (TTM) reached a new high of ₹1,001 cr.
  12. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  13. AprPriceVolume reached 13.2x its 50-day median on 2024-04-22; price +12.3% that day.
  14. MarPeer rankSlipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top quartile).
  15. MarPriceVolume reached 16.0x its 50-day median on 2024-03-04; price +11.4% that day.
  16. DecPriceVolume reached 17.4x its 50-day median on 2023-12-14; price +6.1% that day.
  17. JunResultsRevenue (TTM) reached a new high of ₹872 cr.
  18. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  19. JunPriceVolume reached 13.2x its 50-day median on 2023-06-30; price +10.8% that day.
  20. JanPriceRegained the 2022-09 peak, 2 months after the low.
  21. JanPriceVolume reached 8.6x its 50-day median on 2023-01-03; price +11.0% that day.
  22. NovPriceFell 28% from the Sep 2022 peak to the Nov 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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1165.0x₹2124 cr26.4%34.0%0.0x
2026-1081.1x₹2124 cr26.4%34.0%0.0x
2026-0989.3x₹2124 cr26.4%34.0%0.0x
2026-08101.7x₹1856 cr22.9%34.0%0.0x
2026-0774.0x₹1856 cr22.9%34.0%0.0x
2026-0681.0x₹1856 cr22.9%34.0%0.0x
2026-0593.8x₹1615 cr26.3%30.0%0.0x
2026-0482.0x₹1615 cr26.3%30.0%0.0x
2026-0360.6x₹1615 cr26.3%30.0%0.0x
2026-0267.7x₹1522 cr25.0%30.0%0.0x
2026-0154.7x₹1522 cr25.0%30.0%0.0x
2025-1252.6x₹1522 cr25.0%30.0%0.0x
2025-1164.1x₹1376 cr22.7%30.0%0.0x
2025-1063.9x₹1376 cr22.7%30.0%0.0x
2025-0948.7x₹1376 cr22.7%30.0%0.0x
2025-0844.9x₹1278 cr20.9%30.0%0.0x
2025-0745.6x₹1278 cr20.9%30.0%0.0x
2025-0644.7x₹1278 cr20.9%30.0%0.0x
2025-0554.0x₹1194 cr22.0%25.0%0.0x
2025-0444.9x₹1194 cr22.0%25.0%0.0x
2025-0342.6x₹1194 cr22.0%25.0%0.0x
2025-0235.6x₹1087 cr19.8%25.0%0.0x
2025-0142.4x₹1087 cr19.8%25.0%0.0x
2024-1252.0x₹1087 cr19.8%25.0%0.0x
2024-1153.6x₹1055 cr18.6%25.0%0.0x
2024-1050.7x₹1055 cr18.6%25.0%0.0x
2024-0951.5x₹1055 cr18.6%25.0%0.0x
2024-0856.3x₹1001 cr17.4%25.0%0.0x
2024-0754.8x₹1001 cr17.4%25.0%0.0x
2024-0646.9x₹1001 cr17.4%25.0%0.0x
2024-0554.0x₹872 cr16.6%22.0%0.0x
2024-0454.1x₹872 cr16.6%22.0%0.0x
2024-0347.9x₹872 cr16.6%22.0%0.0x
2024-0248.1x₹872 cr16.6%22.0%0.0x
2024-0148.8x₹872 cr16.6%22.0%0.0x
2023-1241.9x₹872 cr16.6%22.0%0.0x
2023-1144.7x₹872 cr16.6%22.0%0.0x
2023-1039.1x₹872 cr16.6%22.0%0.0x
2023-0941.6x₹872 cr16.6%22.0%0.0x
2023-0842.7x₹872 cr16.6%22.0%0.0x
2023-0742.1x₹872 cr16.6%22.0%0.0x
2023-0639.9x₹872 cr16.6%22.0%0.0x
2023-0545.6x₹797 cr13.7%16.0%0.1x
2023-0438.4x₹797 cr13.7%16.0%0.1x
2023-0335.0x₹797 cr13.7%16.0%0.1x
2023-0230.8x₹797 cr13.7%16.0%0.1x
2023-0128.9x₹797 cr13.7%16.0%0.1x
2022-1226.1x₹797 cr13.7%16.0%0.1x
2022-1124.3x₹797 cr13.7%16.0%0.1x
2022-1027.3x₹797 cr13.7%16.0%0.1x
2022-0926.9x₹797 cr13.7%16.0%0.1x
2022-0825.9x₹797 cr13.7%16.0%0.1x
2022-0725.0x₹797 cr13.7%16.0%0.1x
2022-0620.6x₹797 cr13.7%16.0%0.1x
2022-0531.3x₹594 cr9.9%12.0%0.1x
2022-0423.8x₹594 cr9.9%12.0%0.1x
2022-0323.6x₹594 cr9.9%12.0%0.1x
2022-0224.9x₹594 cr9.9%12.0%0.1x
2022-0129.1x₹594 cr9.9%12.0%0.1x
2021-1230.7x₹594 cr9.9%12.0%0.1x
2021-1127.2x₹594 cr9.9%12.0%0.1x
2021-1023.0x₹594 cr9.9%12.0%0.1x
2021-0921.2x₹594 cr9.9%12.0%0.1x
2021-0819.0x₹594 cr9.9%12.0%0.1x
2021-0713.2x₹594 cr9.9%12.0%0.1x
2021-0612.6x₹594 cr9.9%12.0%0.1x
2021-0520.2x₹515 cr7.3%6.0%0.2x
2021-0416.5x₹515 cr7.3%6.0%0.2x
2021-0315.3x₹515 cr7.3%6.0%0.2x
2021-0215.9x₹515 cr7.3%6.0%0.2x
2021-0113.4x₹515 cr7.3%6.0%0.2x
2020-1215.7x₹515 cr7.3%6.0%0.2x
2020-1113.0x₹515 cr7.3%6.0%0.2x
2020-1010.7x₹515 cr7.3%6.0%0.2x
2020-0911.6x₹515 cr7.3%6.0%0.2x
2020-0812.3x₹515 cr7.3%6.0%0.2x
2020-0710.3x₹515 cr7.3%6.0%0.2x
2020-0612.2x₹515 cr7.3%6.0%0.2x
2020-0586.0x₹459 cr0.8%3.0%0.1x
2020-0490.0x₹459 cr0.8%3.0%0.1x
2020-0385.0x₹459 cr0.8%3.0%0.1x
2020-02168.0x₹459 cr0.8%3.0%0.1x
2020-01136.0x₹459 cr0.8%3.0%0.1x
2019-12138.0x₹459 cr0.8%3.0%0.1x
2019-11138.0x₹459 cr0.8%3.0%0.1x
2019-10145.0x₹459 cr0.8%3.0%0.1x
2019-09150.0x₹459 cr0.8%3.0%0.1x
2019-08134.0x₹459 cr0.8%3.0%0.1x
2019-07147.0x₹459 cr0.8%3.0%0.1x
2019-06153.0x₹459 cr0.8%3.0%0.1x
2019-05—₹435 cr-3.2%0.0%0.2x
2019-04—₹435 cr-3.2%0.0%0.2x
2019-03—₹435 cr-3.2%0.0%0.2x
2019-02—₹435 cr-3.2%0.0%0.2x
2019-01—₹435 cr-3.2%0.0%0.2x

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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