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TEXMACO RAIL & ENGINEERING LIM (TEXRAIL)

Producer Manufacturing · Trucks/Construction/Farm 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.56 / 100
Profitability 30Growth 89Balance sheet 50
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.34 / 100
Price 66Earnings 33FII/DII 4

Passes these screensInstitutions in, retail out

Compare withASHOK LEYLANDMAZAGON DOCK SHIPBUILDERSCOCHIN SHIPYARD

Share price

Closing priceAdjusted for splits and bonus issues.

₹107.13 latest close · −5.4% over the last 90 sessions

₹100₹120Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹100₹120Jul 3Sep 4Nov 9

₹107.13 month-end · −16.4% over 12 months

₹80₹100₹120₹140Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹80₹100₹120₹140Nov '25May '26Nov '26

₹107.13 month-end · −24.9% over 3 years

₹100₹200Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹100₹200Nov '23May '25Nov '26

₹107.13 month-end · +107.6% since Jan '19

₹0₹100₹200Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹100₹200Jan '19Dec '22Nov '26

52-week range ₹78.05 to ₹142.95 · 1-year volatility 47.3%

Was the rally earned?

-16%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 23.3x to 20.1x); per-share earnings took off 3 points.
  • The share count rose 2%.
Net profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1 ptsNet profit growthP/E change: −13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−13 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: −16%−16%Share priceNet profit growth: −1 pts. Points of the price return explained by net profit growing (or shrinking).−1ProfitP/E change: −13 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−13P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: −16%−16%Share price
Net profit growth-1 ptsNet profit was little changed.
P/E change-13 ptsThe P/E fell from 23.3x to 20.1x, which lowers the price.
Share count change-2 ptsShare count rose 2%, which lowers the price.
-25%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 164 points, but investors now pay less per rupee of profit (P/E 176.1x to 20.1x), which took 189 points back.
  • The share count rose 27%.
Net profit growth: +184 pts. Points of the price return explained by net profit growing (or shrinking).+184 ptsNet profit growthP/E change: −189 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−189 ptsP/E changeShare count change: −21 pts. Points of the price return explained by the share count changing. More shares count against the price.−21 ptsShare count changeShare price: −25%−25%Share priceNet profit growth: +184 pts. Points of the price return explained by net profit growing (or shrinking).+184ProfitP/E change: −189 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−189P/EShare count change: −21 pts. Points of the price return explained by the share count changing. More shares count against the price.−21SharesShare price: −25%−25%Share price
Net profit growth+184 ptsNet profit rose about 733%, which lifts the price.
P/E change-189 ptsThe P/E fell from 176.1x to 20.1x, which lowers the price.
Share count change-21 ptsShare count rose 27%, which lowers the price.
+281%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 524 points, but investors now pay less per rupee of profit (P/E 63.9x to 20.1x), which took 243 points back.
  • The share count rose 49%.
Net profit growth: +608 pts. Points of the price return explained by net profit growing (or shrinking).+608 ptsNet profit growthP/E change: −243 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−243 ptsP/E changeShare count change: −84 pts. Points of the price return explained by the share count changing. More shares count against the price.−84 ptsShare count changeShare price: +281%+281%Share priceNet profit growth: +608 pts. Points of the price return explained by net profit growing (or shrinking).+608ProfitP/E change: −243 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−243P/EShare count change: −84 pts. Points of the price return explained by the share count changing. More shares count against the price.−84SharesShare price: +281%+281%Share price
Net profit growth+608 ptsNet profit rose about 1704%, which lifts the price.
P/E change-243 ptsThe P/E fell from 63.9x to 20.1x, which lowers the price.
Share count change-84 ptsShare count rose 49%, 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 ASHOK LEYLAND

How rough has the ride been?

Maximum drawdown-80.5%recovered 2023-06
1-year volatility47.3%annualised
Beta vs sector index1.653-year daily, correlation 0.67
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−78.0% 0%−25%−50%−75%2020202220242026−78.0%
Largest drawdowns

-80.5% (2019-05 peak to 2020-03 low, recovered 2023-06)

-72.6% (2024-07 peak to 2026-03 low, not yet recovered)

-33.9% (2024-01 peak to 2024-03 low, recovered 2024-06)

Most recent volume spikes

2026-09-30: 10.6x the 50-day median, price +4.8% that day

2026-09-24: 5.4x the 50-day median, price +1.6% that day

2026-09-23: 5.1x the 50-day median, price +4.7% 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?

20.1xP/E todayNear its historic low
Against its own history18th percentile
CheapestMedian 66.5xDearest

Usual range 18.0x to 173.9x since 2019-01.

Against Producer Manufacturing20.1x vs 29.6x
This company
20.1x
Sector median
29.6x

32% below the Producer Manufacturing median.

7.9x95.6x183.4x271.1xJan '19Aug '20Mar '22Oct '23May '25Nov '267.9x95.6x183.4x271.1xJan '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

  • ROCE32nd▼ 10 pts vs a year ago
  • Op. margin28thflat vs a year ago
  • Revenue growth7th▼ 73 pts vs a year ago
  • EPS growth33rd▼ 45 pts vs a year ago
  • Debt/equity ↓38th▼ 3 pts vs a year ago
  • Cash cycle ↓42nd▼ 4 pts vs a year ago
  • P/E ↓70thflat vs a year ago
  • 12M momentum35th▲ 21 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?

~21%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 35.7x, a holder earning 12%/yr needs earnings to grow about 21.3%/yr for 10 years, then trade at 15x.

Delivered14.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+6.7 ptsimplied minus delivered
Rank394thmost demanding of 856

Over time

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

-31%14%59% Jan 2019Nov 2026 -31%14%59% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x22.8%23.9%25.0%
15x20.2%21.3%22.3%
20x16.9%18.0%19.0%

Drag a slider to test other assumptions

Implied: 21.3%/yr

Looking back

  • Jan 2020Price implied 20%/yr; EPS has since grown 5%/yr (7.0 yrs)
  • Jan 2022Price implied 33%/yr; EPS has since grown 58%/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
₹107.13
P/E
20.1x
ROCE
11.0%
Market Cap
₹4357 cr
Revenue (TTM)
₹4224 cr
P/S
1.0x
P/B
1.8x
ROE
9.1%
Operating Margin
8.0%
Debt / Equity
0.4x
Promoter Holding
48.3%
12M Momentum
-16.4%

52-week range

₹78.05₹142.95
45% of the way from its 52-week low to its high

Price risk

1Y volatility
47.3%
Beta vs sector
1-year daily
1.47

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.74x
Share count, 1Y
+2.5%

Are profits backed by cash?

4 of 7checks within range3 near a threshold
Other income reliance24%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 24.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate33%Within range

Median quarterly effective tax rate over about 2.5 years: 33.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.74xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.74x (cash from operations ₹412 cr, net profit ₹556 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+6 daysWithin range

Debtor days are above the median of the previous three fiscal years by 6 days (104 vs 98). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress16% of fixed assetsWithin range

Capital work-in-progress is 16% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-27 days / 2 yrsWithin range

Days payable changed by -27 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, promoters trimmed 10.4 pts; FIIs added 2.7 pts; DIIs trimmed 1.0 pts.
  • The number of shareholders rose from 1.6 lakh to 3.8 lakh (+147%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters58.7%48.3%-10.4 pts
FIIs2.3%5.0%+2.7 pts
DIIs6.1%5.1%-1.0 pts
Public and others32.9%41.5%+8.7 pts

Number of shareholders

3.8 lakhshareholders+147% since Sep '23
1.6L2.3L3.1L3.9L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.6 lakh
Dec '23: 1.9 lakh
Mar '24: 2.8 lakh
Jun '24: 3.0 lakh
Sep '24: 3.6 lakh
Dec '24: 3.6 lakh
Mar '25: 3.8 lakh
Jun '25: 3.9 lakh
Sep '25: 3.9 lakh
Dec '25: 3.8 lakh
Mar '26: 3.8 lakh
Jun '26: 3.8 lakh
 1.6L2.3L3.1L3.9L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.6 lakh
Dec '23: 1.9 lakh
Mar '24: 2.8 lakh
Jun '24: 3.0 lakh
Sep '24: 3.6 lakh
Dec '24: 3.6 lakh
Mar '25: 3.8 lakh
Jun '25: 3.9 lakh
Sep '25: 3.9 lakh
Dec '25: 3.8 lakh
Mar '26: 3.8 lakh
Jun '26: 3.8 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

+7.9%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 TEXMACO RAIL & ENGINEERING LIM 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 −16% to +48% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+8.8%, 80% range −3.6% to +19.7%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
CAPACITE · Feb 2021: −48.5% vs market
RUSHIL · Aug 2025: −44.2% vs market
RAMKY · Aug 2025: −40.2% vs market
APEX · Oct 2022: −33.6% vs market
IRCON · Sep 2025: −31.9% vs market
RUPA · Feb 2024: −27.3% vs market
UCAL · Aug 2020: −25.8% vs market
NELCAST · May 2021: −23.4% vs market
TVSSRICHAK · Dec 2020: −21.7% vs market
RGL · Feb 2025: −21.5% vs market
EKC · Apr 2024: −20.6% vs market
CHEMPLASTS · Nov 2023: −17.7% vs market
AARTIDRUGS · May 2025: −16.2% vs market
TRIVENI · Oct 2024: −16.1% vs market
SKIPPER · May 2021: −14.0% vs market
ARVIND · Jan 2025: −12.9% vs market
SHRIRAMPPS · Jun 2025: −12.2% vs market
INDIACEM · Apr 2022: −9.1% vs market
NRBBEARING · Apr 2021: −8.5% vs market
EPL · Jan 2023: −6.8% vs market
HUHTAMAKI · Jul 2023: −1.3% vs market
JAYBARMARU · Nov 2020: +1.4% vs market
COSMOFIRST · Oct 2024: +4.6% vs market
JAGRAN · May 2022: +6.1% vs market
UNIVCABLES · Oct 2024: +7.4% vs market
VSSL · Apr 2025: +8.5% vs market
WABAG · Feb 2020: +11.4% vs market
KRITI · Feb 2023: +12.1% vs market
BANARISUG · May 2020: +19.5% vs market
TIMETECHNO · Nov 2021: +21.2% vs market
ORICONENT · Jul 2020: +22.4% vs market
GENUSPOWER · Mar 2022: +24.0% vs market
RAIN · May 2020: +39.7% vs market
ABREL · Apr 2021: +40.3% vs market
KCP · Dec 2020: +41.4% vs market
JUBLPHARMA · May 2023: +45.2% vs market
SUNFLAG · Jun 2024: +45.5% vs market
TALBROAUTO · Jun 2020: +48.4% vs market
WELCORP · May 2023: +51.3% vs market
JBMA · Oct 2020: +56.0% vs market
SMSPHARMA · May 2023: +66.2% vs market
HBLENGINE · Mar 2020: +68.6% vs market
WELSPUNLIV · Oct 2025: +78.6% vs market
TRIDENT · Aug 2020: +99.4% vs market
KIRLOSBROS · Jan 2023: +104.1% vs market
JKIL · May 2023: +105.1% vs market
NEULANDLAB · Sep 2022: +133.1% vs market
JINDWORLD · Jul 2021: +169.2% vs market
GVT&D · Dec 2022: +243.6% vs market
PCJEWELLER · Oct 2021: +262.4% vs market
Similar setups +7.9%All companies −0.9%← 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 · 6 beyond the range shown, drawn at the edge

Similar setups' median
+7.9%
All companies' median
−0.9%
Beat the market
58% vs 49%

50 past situations · 50 companies · 38 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
WELCORP
Producer Manufacturing		 May 2023 15x13% +12%−14% +51%
JKIL
Industrial Services		 May 2023 18x13% +5%−26% +105%
IRCON
Industrial Services		 Sep 2025 24x12% −25%−28% −32%
NELCAST
Non-Energy Minerals		 May 2021 18x7% +95%−7% −23%
ARVIND
Process Industries		 Jan 2025 31x13% +7%−25% −13%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TVSSRICHAK
Consumer Durables		 Dec 2020 17x11% +13%−10% −22%
CAPACITE
Industrial Services		 Feb 2021 15x14% +28%−8% −49%
PCJEWELLER
Consumer Durables		 Oct 2021 21x6% +79%−13% +262%
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, drawdown from 12-month high 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 TEXMACO RAIL & ENGINEERING LIM. 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.

PARAG MILK FOODSPARAGMILK
Consumer Non-Durables
65%similar
market caprevenue
GOODLUCK INDIAGOODLUCK
Non-Energy Minerals
63%similar
revenuevolatility
THOMAS COOK (INDIA)THOMASCOOK
Consumer Services
61%similar
market capP/E
VAIBHAV GLOBALVAIBHAVGBL
Consumer Durables
59%similar
revenuemarket cap
HERITAGE FOODSHERITGFOOD
Consumer Non-Durables
57%similar
revenuedebt/equity
MAN INDUSTRIES INDIAMANINDS
Producer Manufacturing
62%similar
revenuerevenue growth
SHAKTI PUMPS (INDIA)SHAKTIPUMP
Producer Manufacturing
61%similar
market capEPS growth
RANE HOLDINGSRANEHOLDIN
Producer Manufacturing
53%similar
promoter holdingoperating margin

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

What changed?

30 events since Jan '24

  1. SepInstitutionsFII + DII holding fell 3.2 pts over 2 quarters to 10.1%.
  2. SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  3. SepPriceVolume reached 10.6x its 50-day median on 2026-09-30; price +4.8% that day.
  4. MayPriceVolume reached 45.0x its 50-day median on 2026-05-13; price +13.7% that day.
  5. MarResultsYear-on-year EPS growth turned negative.
  6. MarPriceFell 73% from the Jul 2024 peak to the Mar 2026 low.
  7. MarValuationP/E fell below the 10th percentile of its own history to date (17.8x).
  8. MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
Show 22 earlier events
  1. FebPriceVolume reached 28.9x its 50-day median on 2026-02-17; price +4.4% that day.
  2. DecPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  3. DecPriceVolume reached 14.9x its 50-day median on 2025-12-23; price +1.5% that day.
  4. SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  5. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
  6. JunPriceVolume reached 7.7x its 50-day median on 2025-06-04; price +7.2% that day.
  7. MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  8. FebPriceVolume reached 5.4x its 50-day median on 2025-02-01; price -9.5% that day.
  9. JanDebtDebt / equity halved over 12 months to 0.25x.
  10. SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  11. JulPriceVolume reached 6.6x its 50-day median on 2024-07-01; price +1.0% that day.
  12. JunPromoterPromoter holding fell 2.0 pts to 48.1% (largest drop since 2024-03).
  13. JunResultsRevenue (TTM) reached a new high of ₹3,503 cr.
  14. JunPriceRegained the 2024-01 peak, 3 months after the low.
  15. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
  16. JunDebtDebt / equity halved over 12 months to 0.25x.
  17. JunSharesShare count is up 25.0% over 12 months.
  18. JunPriceVolume reached 13.1x its 50-day median on 2024-06-27; price +7.5% that day.
  19. MarPromoterPromoter holding fell 8.5 pts to 50.2%.
  20. MarInstitutionsFII + DII holding rose 9.9 pts over 1 quarter to 18.4%.
  21. MarPriceFell 34% from the Jan 2024 peak to the Mar 2024 low.
  22. JanPriceVolume reached 5.0x its 50-day median on 2024-01-20; price +7.5% 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1120.1x₹4224 cr9.1%11.0%0.4x
2026-1018.5x₹4224 cr9.0%11.0%0.4x
2026-0924.8x₹4224 cr9.0%11.0%0.4x
2026-0822.5x₹4378 cr8.1%11.0%0.4x
2026-0723.0x₹4378 cr8.1%11.0%0.4x
2026-0622.2x₹4378 cr8.1%11.0%0.4x
2026-0523.6x₹4557 cr6.2%14.0%0.3x
2026-0423.9x₹4557 cr6.2%14.0%0.3x
2026-0317.8x₹4557 cr6.2%14.0%0.3x
2026-0219.8x₹4841 cr7.4%14.0%0.3x
2026-0124.1x₹4841 cr7.4%14.0%0.3x
2025-1226.0x₹4841 cr7.4%14.0%0.3x
2025-1123.3x₹4929 cr7.8%14.0%0.3x
2025-1024.9x₹4929 cr7.8%14.0%0.3x
2025-0925.0x₹4929 cr7.8%14.0%0.3x
2025-0821.9x₹5106 cr8.9%14.0%0.3x
2025-0723.6x₹5106 cr8.9%14.0%0.3x
2025-0628.2x₹5106 cr8.9%14.0%0.3x
2025-0525.0x₹4905 cr10.0%11.0%0.2x
2025-0421.2x₹4905 cr10.0%11.0%0.2x
2025-0321.1x₹4905 cr10.0%11.0%0.2x
2025-0224.7x₹4475 cr8.2%11.0%0.2x
2025-0137.4x₹4475 cr8.2%11.0%0.2x
2024-1236.9x₹4475 cr8.2%11.0%0.2x
2024-1150.7x₹3934 cr6.3%11.0%0.2x
2024-1052.9x₹3934 cr6.3%11.0%0.2x
2024-0950.1x₹3934 cr6.3%11.0%0.2x
2024-0878.4x₹3503 cr4.5%11.0%0.2x
2024-0786.7x₹3503 cr4.5%11.0%0.2x
2024-0680.1x₹3503 cr4.5%11.0%0.2x
2024-05245.3x₹2243 cr1.9%6.0%0.7x
2024-04225.0x₹2243 cr1.9%6.0%0.7x
2024-03203.5x₹2243 cr1.9%6.0%0.7x
2024-02235.0x₹2243 cr1.9%6.0%0.7x
2024-01271.1x₹2243 cr1.9%6.0%0.7x
2023-12211.3x₹2243 cr1.9%6.0%0.7x
2023-11176.1x₹2243 cr1.9%6.0%0.7x
2023-10150.7x₹2243 cr1.9%6.0%0.7x
2023-09159.0x₹2243 cr1.9%6.0%0.7x
2023-08180.0x₹2243 cr1.9%6.0%0.7x
2023-07131.7x₹2243 cr1.9%6.0%0.7x
2023-0697.0x₹2243 cr1.9%6.0%0.7x
2023-0587.3x₹1814 cr1.6%6.0%0.5x
2023-0488.5x₹1814 cr1.6%6.0%0.5x
2023-0366.3x₹1814 cr1.6%6.0%0.5x
2023-0269.0x₹1814 cr1.6%6.0%0.5x
2023-0188.0x₹1814 cr1.6%6.0%0.5x
2022-1288.6x₹1814 cr1.6%6.0%0.5x
2022-1193.0x₹1814 cr1.6%6.0%0.5x
2022-1076.7x₹1814 cr1.6%6.0%0.5x
2022-0979.2x₹1814 cr1.6%6.0%0.5x
2022-0878.4x₹1814 cr1.6%6.0%0.5x
2022-0767.6x₹1814 cr1.6%6.0%0.5x
2022-0666.5x₹1814 cr1.6%6.0%0.5x
2022-05104.8x₹1689 cr1.1%6.0%0.7x
2022-04115.6x₹1689 cr1.1%6.0%0.7x
2022-0394.8x₹1689 cr1.1%6.0%0.7x
2022-0278.4x₹1689 cr1.1%6.0%0.7x
2022-0194.8x₹1689 cr1.1%6.0%0.7x
2021-1275.7x₹1689 cr1.1%6.0%0.7x

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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