52-week range
Price risk
Balance sheet & cash
Was the rally earned?
Earnings helped, the multiple did not.
- Per-share earnings added 39 points, but investors now pay less per rupee of profit (P/E 20.2x to 8.2x), which took 73 points back.
- The share count rose 5%.
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.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
Is it expensive against its own past and its peers?
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dashed 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.
What is the price implying?
At a P/E of 8.2x, the price would imply about 5.5%/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
What changed?
- Sep '26Fell 52% from the Dec 2025 peak to the Sep 2026 low.
- Aug '26P/E fell below the 10th percentile of its own history to date (7.4x).
- Jun '26Revenue (TTM) reached a new high of ₹139 cr.
- Jun '26Moved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
- Jun '26Share count is up 10.0% over 12 months.
- Dec '25FII + DII holding rose 7.1 pts over 2 quarters to 9.9%.
- Sep '25Promoter holding fell 2.6 pts to 41.7% (largest drop since 2025-06).
- Jun '25Promoter holding fell 6.9 pts to 44.4%.
Show 8 earlier events
- Jun '25Revenue (TTM) reached a new high of ₹88 cr.
- May '25Regained the 2023-11 peak, 6 months after the low.
- Dec '24FII + DII holding fell 3.3 pts over 1 quarter to 0.6%.
- Nov '24Fell 60% from the Nov 2023 peak to the Nov 2024 low.
- Nov '24Debt / equity halved over 12 months to 0.45x.
- Nov '24Share count is up 200.0% over 12 months.
- Jul '24Slipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top quartile).
- Jun '24Debt / equity fell below 1.0x (0.45x).
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
Are profits backed by cash?
2 of 6 checks are within range, 1 near a threshold, 3 beyond a threshold.
Tap a check to see how it is measured.
Other income reliance0%Within range
Other income as a share of pre-tax profit (trailing twelve months): 0.0%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion-0.91xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -0.91x (cash from operations ₹-42 cr, net profit ₹46 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+232 daysBeyond threshold
Debtor days are above the median of the previous three fiscal years by 232 days (307 vs 76). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days+247 days / 2 yrsNear threshold
Days payable changed by +247 over two years. Bands: rise of up to 30 days; more than 30 days.
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.
Who has been buying and selling?
- Over 2 years, promoters trimmed 12.2 pts; FIIs added 9.7 pts.
- The number of shareholders fell from 1,388 to 1,275 (-8%) between Mar 2024 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-59.5% (2023-11 peak to 2024-11 low, recovered 2025-05)
-51.8% (2025-12 peak to 2026-09 low, not yet recovered)
-16.1% (2025-07 peak to 2025-08 low, recovered 2025-12)
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).
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 happened next to similar setups
- We found 50 past situations where a non-financial company looked like TRANSTEEL SEATING TECH LTD today on valuation, return on capital, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −27% to +26% vs the market, against −3% for all non-financial companies in the same months.
- The gap against the base rate (−5.7%, 80% range −15.8% to +2.8%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
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 · 2 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 37 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| TAJGVK Consumer Services |
Dec 2023 | 15x | 22% | +11% | −18% | +42% |
| ORBTEXP Process Industries |
Sep 2023 | 13x | 19% | +4% | −19% | −22% |
| CHEMFAB Process Industries |
Sep 2020 | 8x | — | −23% | −37% | −20% |
| SAKSOFT Technology Services |
Feb 2020 | 5x | 27% | −33% | −47% | +36% |
| MBAPL Process Industries |
Dec 2020 | 10x | 16% | −11% | −17% | +85% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, 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 debt/equity. Not used (unavailable for this company): operating margin. 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.
Monthly history (36 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | 8.2x | ₹139 cr | 18.8% | 21.0% | 0.3x |
| 2026-09 | 7.9x | ₹139 cr | 18.8% | 21.0% | 0.3x |
| 2026-08 | 7.4x | ₹139 cr | 18.8% | 21.0% | 0.3x |
| 2026-07 | 12.2x | ₹139 cr | 18.8% | 21.0% | 0.3x |
| 2026-06 | 13.4x | ₹139 cr | 18.8% | 21.0% | 0.3x |
| 2026-05 | 19.9x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2026-04 | 20.0x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2026-03 | 22.0x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2026-02 | 22.5x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2026-01 | 23.8x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2025-12 | 23.7x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2025-11 | 22.5x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2025-10 | 20.2x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2025-09 | 20.7x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2025-08 | 19.4x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2025-07 | 22.0x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2025-06 | 20.1x | ₹88 cr | 14.9% | 17.0% | 0.4x |
| 2025-05 | 24.1x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2025-04 | 16.2x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2025-03 | 17.2x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2025-02 | 18.0x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2025-01 | 18.3x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2024-12 | 16.2x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2024-11 | 8.4x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2024-10 | 11.4x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2024-09 | 12.2x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2024-08 | 12.1x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2024-07 | 12.7x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2024-06 | 12.4x | ₹74 cr | 16.1% | 23.0% | 0.4x |
| 2024-05 | — | ₹59 cr | 41.9% | 44.0% | 1.1x |
| 2024-04 | — | ₹59 cr | 41.9% | 44.0% | 1.1x |
| 2024-03 | — | ₹59 cr | 41.9% | 44.0% | 1.1x |
| 2024-02 | — | ₹59 cr | 41.9% | 44.0% | 1.1x |
| 2024-01 | — | ₹59 cr | 41.9% | 44.0% | 1.1x |
| 2023-12 | — | ₹59 cr | 41.9% | 44.0% | 1.1x |
| 2023-11 | — | ₹59 cr | 41.9% | 44.0% | 1.1x |