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TRIVENI TURBINE LIMITED (TRITURBINE)

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.81 / 100
Profitability 72Growth 72Balance 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.18 / 100
Price 12Earnings 16FII/DII 25

Passes these screensQuality CompounderDebt-light & profitableConsistent compounders

Compare withWELSPUN CORPVOLTASTHERMAX

Share price

Closing priceAdjusted for splits and bonus issues.

₹503 latest close · −23.5% over the last 90 sessions

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

₹503 month-end · −6.3% over 12 months

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

₹503 month-end · +16.7% over 3 years

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

₹503 month-end · +372.7% since Jan '19

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

52-week range ₹428.35 to ₹787.60 · 1-year volatility 38.5%

Was the rally earned?

-6%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 49.9x to 47.5x); per-share earnings took off 1 point.
  • The share count barely moved.
Net profit growth: −2 pts. Points of the price return explained by net profit growing (or shrinking).−2 ptsNet profit growthP/E change: −5 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−5 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: −6%−6%Share priceNet profit growth: −2 pts. Points of the price return explained by net profit growing (or shrinking).−2ProfitP/E change: −5 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−5P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −6%−6%Share price
Net profit growth-2 ptsNet profit fell about 2%, which lowers the price.
P/E change-5 ptsThe P/E fell from 49.9x to 47.5x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+17%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 60 points, but investors now pay less per rupee of profit (P/E 71.1x to 47.5x), which took 44 points back.
  • The share count barely moved.
Net profit growth: +60 pts. Points of the price return explained by net profit growing (or shrinking).+60 ptsNet profit growthP/E change: −44 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−44 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: +17%+17%Share priceNet profit growth: +60 pts. Points of the price return explained by net profit growing (or shrinking).+60ProfitP/E change: −44 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−44P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +17%+17%Share price
Net profit growth+60 ptsNet profit rose about 74%, which lifts the price.
P/E change-44 ptsThe P/E fell from 71.1x to 47.5x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+171%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 207 points, but investors now pay less per rupee of profit (P/E 58.6x to 47.5x), which took 36 points back.
  • The share count barely moved.
Net profit growth: +205 pts. Points of the price return explained by net profit growing (or shrinking).+205 ptsNet profit growthP/E change: −36 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−36 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: +171%+171%Share priceNet profit growth: +205 pts. Points of the price return explained by net profit growing (or shrinking).+205ProfitP/E change: −36 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−36P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: +171%+171%Share price
Net profit growth+205 ptsNet profit rose about 230%, which lifts the price.
P/E change-36 ptsThe P/E fell from 58.6x to 47.5x, which lowers the price.
Share count change+2 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-59.8%recovered 2021-06
1-year volatility38.5%annualised
Beta vs sector index1.023-year daily, correlation 0.45
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−58.6% 0%−20%−40%−60%2020202220242026−58.6%
Largest drawdowns

-59.8% (2019-03 peak to 2020-03 low, recovered 2021-06)

-47.9% (2024-11 peak to 2026-03 low, not yet recovered)

-31.7% (2021-11 peak to 2022-06 low, recovered 2022-09)

Most recent volume spikes

2026-08-11: 5.8x the 50-day median, price -5.7% 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?

47.5xP/E todayWithin its usual range
Against its own history52nd percentile
CheapestMedian 46.7xDearest

Usual range 20.9x to 72.9x since 2019-01.

Against Producer Manufacturing47.5x vs 29.6x
This company
47.5x
Sector median
29.6x

61% above the Producer Manufacturing median.

10.6x39.3x68.1x96.9xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.6x39.3x68.1x96.9xJan '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▼ 4 pts vs a year ago
  • Op. margin53rd▼ 35 pts vs a year ago
  • Revenue growth60th▲ 7 pts vs a year ago
  • EPS growth36th▼ 33 pts vs a year ago
  • Debt/equity ↓82ndflat vs a year ago
  • Cash cycle ↓89thflat vs a year ago
  • P/E ↓26th▼ 4 pts vs a year ago
  • 12M momentum50th▲ 22 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?

~26%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 55.4x, a holder earning 12%/yr needs earnings to grow about 25.9%/yr for 10 years, then trade at 15x.

Delivered17.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+8.2 ptsimplied minus delivered
Rank364thmost demanding of 856

Over time

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

-1%19%38% Jan 2019Nov 2026 -1%19%38% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x27.3%28.4%29.6%
15x24.7%25.9%27.0%
20x21.5%22.6%23.7%

Drag a slider to test other assumptions

Implied: 25.9%/yr

Looking back

  • Jan 2020Price implied 18%/yr; EPS has since grown 20%/yr (7.0 yrs)
  • Jan 2021Price implied 16%/yr; EPS has since grown 19%/yr (6.0 yrs)
  • Jan 2022Price implied 27%/yr; EPS has since grown 28%/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
₹503.00
P/E
47.5x
ROCE
34.0%
Market Cap
₹15992 cr
Revenue (TTM)
₹2253 cr
P/S
7.1x
P/B
11.1x
ROE
23.3%
Operating Margin
12.0%
Debt / Equity
0.0x
Promoter Holding
55.8%
12M Momentum
-6.3%

52-week range

₹428.35₹787.60
21% of the way from its 52-week low to its high

Price risk

1Y volatility
38.5%
Beta vs sector
1-year daily
1.01

Balance sheet & cash

Interest cover
operating profit ÷ interest
100.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.58x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range1 beyond a threshold
Other income reliance14%Within range

Other income as a share of pre-tax profit (trailing twelve months): 14.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 26.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.58xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.58x (cash from operations ₹569 cr, net profit ₹977 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+68 daysBeyond threshold

Debtor days are above the median of the previous three fiscal years by 68 days (107 vs 39). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress5% of fixed assetsWithin range

Capital work-in-progress is 5% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+98 days / 2 yrsNear threshold

Days payable changed by +98 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, FIIs trimmed 7.1 pts; DIIs added 4.3 pts.
  • The number of shareholders rose from 88,418 to 1.5 lakh (+74%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters55.8%55.8%0.0 pts
FIIs27.7%20.6%-7.1 pts
DIIs11.7%16.0%+4.3 pts
Public and others4.8%7.6%+2.8 pts

Number of shareholders

1.5 lakhshareholders+74% since Sep '23
84k1.2L1.5L1.8L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 88,418
Dec '23: 83,605
Mar '24: 91,420
Jun '24: 1.1 lakh
Sep '24: 1.3 lakh
Dec '24: 1.5 lakh
Mar '25: 1.7 lakh
Jun '25: 1.8 lakh
Sep '25: 1.8 lakh
Dec '25: 1.7 lakh
Mar '26: 1.6 lakh
Jun '26: 1.5 lakh
 84k1.2L1.5L1.8L Sep '23Sep '24Sep '25Jun '26
Sep '23: 88,418
Dec '23: 83,605
Mar '24: 91,420
Jun '24: 1.1 lakh
Sep '24: 1.3 lakh
Dec '24: 1.5 lakh
Mar '25: 1.7 lakh
Jun '25: 1.8 lakh
Sep '25: 1.8 lakh
Dec '25: 1.7 lakh
Mar '26: 1.6 lakh
Jun '26: 1.5 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

−10.1%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 TRIVENI TURBINE 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 −27% to +10% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (−7.1%, 80% range −14.6% to +0.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%
TANLA · Apr 2022: −51.6% vs market
TARSONS · Feb 2023: −47.3% vs market
INDIAMART · Nov 2021: −46.2% vs market
THYROCARE · May 2021: −42.6% vs market
NEWGEN · Oct 2021: −41.5% vs market
FCL · Apr 2024: −38.2% vs market
ADVENZYMES · May 2021: −38.1% vs market
FINEORG · Feb 2023: −37.3% vs market
JYOTHYLAB · Apr 2025: −33.4% vs market
SUMICHEM · Apr 2023: −32.6% vs market
VINATIORGA · Jan 2023: −32.0% vs market
RHIM · Apr 2023: −31.5% vs market
PGHL · Aug 2023: −27.3% vs market
EMAMILTD · Jul 2021: −25.2% vs market
CERA · Jan 2024: −25.1% vs market
DHANUKA · Jan 2021: −23.6% vs market
VESUVIUS · Oct 2025: −22.8% vs market
TTKPRESTIG · Dec 2021: −21.6% vs market
3MINDIA · Jan 2024: −19.6% vs market
VIPIND · Mar 2020: −18.0% vs market
SHANTIGEAR · Jan 2024: −15.5% vs market
LTTS · Jun 2023: −14.9% vs market
SUPREMEIND · Jul 2024: −14.6% vs market
IGL · Aug 2020: −13.1% vs market
BIKAJI · Jan 2025: −10.2% vs market
COFORGE · Mar 2022: −9.9% vs market
HONAUT · Oct 2020: −7.7% vs market
KSB · Jan 2025: −5.0% vs market
INOXINDIA · Dec 2024: −2.9% vs market
INGERRAND · Sep 2023: −2.4% vs market
ASTRAL · Apr 2023: −1.0% vs market
GREAVESCOT · Mar 2020: +2.1% vs market
BLS · Jun 2024: +3.1% vs market
ATUL · Dec 2020: +4.1% vs market
SCHAEFFLER · Aug 2024: +6.4% vs market
AMRUTANJAN · May 2021: +7.5% vs market
CGPOWER · Aug 2024: +8.2% vs market
EICHERMOT · Feb 2020: +10.6% vs market
NAVINFLUOR · Jul 2021: +11.4% vs market
ITDC · Aug 2025: +13.3% vs market
COHANCE · Dec 2022: +15.0% vs market
JBCHEPHARM · Feb 2021: +19.8% vs market
CRISIL · Oct 2022: +24.5% vs market
GRINDWELL · Jul 2021: +30.4% vs market
PERSISTENT · Aug 2022: +39.5% vs market
CARBORUNIV · Apr 2022: +42.4% vs market
HAVELLS · Jan 2020: +45.6% vs market
CUMMINSIND · Sep 2023: +54.6% vs market
ASTRAZEN · Apr 2024: +60.1% vs market
KFINTECH · Jun 2024: +88.5% vs market
Similar setups −10.1%All companies −3.0%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−10.1%
All companies' median
−3.0%
Beat the market
38% vs 47%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
INGERRAND
Producer Manufacturing		 Sep 2023 51x44% +33%−12% −2%
RHIM
Producer Manufacturing		 Apr 2023 38x37% +6%−27% −32%
GRINDWELL
Process Industries		 Jul 2021 58x23% +161%−7% +30%
SUPREMEIND
Producer Manufacturing		 Jul 2024 64x29% +51%−13% −15%
THYROCARE
Health Services		 May 2021 64x35% +104%−12% −43%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ASTRAZEN
Health Technology		 Apr 2024 134x31% +67%−23% +60%
HONAUT
Electronic Technology		 Oct 2020 51x35% +1%−25% −8%
SCHAEFFLER
Producer Manufacturing		 Aug 2024 69x27% +29%−18% +6%
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, debt/equity 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 TRIVENI TURBINE 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.

KINGFA SCIENCE & TECH (I)KINGFA
Process Industries
68%similar
revenuevolatility
VESUVIUS INDIAVESUVIUS
Non-Energy Minerals
64%similar
promoter holdingrevenue
PRUDENT CORPORATE ADVISORYPRUDENT
Finance
63%similar
promoter holdingROCE
SAFARI INDUSTRIES INDIASAFARI
Consumer Durables
63%similar
revenuerevenue growth
AFFLE 3IAFFLE
Technology Services
61%similar
P/Epromoter holding
SKF INDIA INDUSTRIALSKFINDUS
Producer Manufacturing
69%similar
ROCEmarket cap
ACTION CONSTRUCTION EQUIPMENTSACE
Producer Manufacturing
68%similar
ROCEmarket cap
VOLTAMP TRANSFORMERSVOLTAMP
Producer Manufacturing
62%similar
revenueEPS growth

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. SepPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  2. AugPriceVolume reached 5.8x its 50-day median on 2026-08-11; price -5.7% that day.
  3. JunResultsYear-on-year EPS growth turned negative.
  4. AprPriceVolume reached 215.1x its 50-day median on 2026-04-20; price +11.8% that day.
  5. MarResultsRevenue (TTM) reached a new high of ₹2,039 cr.
  6. MarPriceFell 48% from the Nov 2024 peak to the Mar 2026 low.
  7. MarPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  8. FebPriceVolume reached 8.8x its 50-day median on 2026-02-03; price +8.7% that day.
Show 22 earlier events
  1. NovPriceVolume reached 12.0x its 50-day median on 2025-11-18; price +0.6% that day.
  2. AugPriceVolume reached 5.8x its 50-day median on 2025-08-05; price -9.7% that day.
  3. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  4. MayPriceVolume reached 6.3x its 50-day median on 2025-05-12; price +8.5% that day.
  5. MarPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  6. MarPriceVolume reached 20.2x its 50-day median on 2025-03-07; price +14.5% that day.
  7. NovPriceVolume reached 50.5x its 50-day median on 2024-11-26; price +7.8% that day.
  8. AugValuationP/E crossed above the 90th percentile of its own history to date (85.0x).
  9. AugPriceVolume reached 40.9x its 50-day median on 2024-08-13; price +12.3% that day.
  10. JunResultsYear-on-year EPS growth turned positive.
  11. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  12. JunDividendStarted paying a dividend (payout 43% of profit).
  13. MayPriceVolume reached 6.6x its 50-day median on 2024-05-17; price +4.3% that day.
  14. FebPriceRegained the 2023-09 peak, 4 months after the low.
  15. FebPriceVolume reached 37.0x its 50-day median on 2024-02-06; price +20.0% that day.
  16. NovValuationP/E crossed above the 90th percentile of its own history to date (71.1x).
  17. OctPriceFell 29% from the Sep 2023 peak to the Oct 2023 low.
  18. OctPriceVolume reached 5.3x its 50-day median on 2023-10-10; price -4.3% that day.
  19. SepPriceVolume reached 6.0x its 50-day median on 2023-09-15; price +8.7% that day.
  20. JunResultsYear-on-year EPS growth turned negative.
  21. JunValuationP/E crossed above the 90th percentile of its own history to date (67.1x).
  22. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the top 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
2026-1147.5x₹2253 cr23.3%34.0%0.0x
2026-1044.4x₹2253 cr23.2%34.0%0.0x
2026-0950.9x₹2253 cr23.2%34.0%0.0x
2026-0852.5x₹2181 cr24.1%34.0%0.0x
2026-0754.7x₹2181 cr24.1%34.0%0.0x
2026-0662.6x₹2181 cr24.1%34.0%0.0x
2026-0569.0x₹2039 cr28.1%41.0%0.0x
2026-0453.3x₹2039 cr28.1%41.0%0.0x
2026-0340.9x₹2039 cr28.1%41.0%0.0x
2026-0245.5x₹1918 cr28.2%41.0%0.0x
2026-0146.7x₹1918 cr28.2%41.0%0.0x
2025-1250.0x₹1918 cr28.2%41.0%0.0x
2025-1149.9x₹1913 cr28.2%41.0%0.0x
2025-1049.8x₹1913 cr28.2%41.0%0.0x
2025-0948.3x₹1913 cr28.2%41.0%0.0x
2025-0846.2x₹2005 cr29.5%41.0%0.0x
2025-0753.3x₹2005 cr29.5%41.0%0.0x
2025-0654.5x₹2005 cr29.5%41.0%0.0x
2025-0554.4x₹1925 cr35.4%38.0%0.0x
2025-0448.7x₹1925 cr35.4%38.0%0.0x
2025-0352.8x₹1925 cr35.4%38.0%0.0x
2025-0249.0x₹1854 cr32.8%38.0%0.0x
2025-0167.6x₹1854 cr32.8%38.0%0.0x
2024-1274.7x₹1854 cr32.8%38.0%0.0x
2024-1184.5x₹1741 cr30.0%38.0%0.0x
2024-1076.2x₹1741 cr30.0%38.0%0.0x
2024-0975.4x₹1741 cr30.0%38.0%0.0x
2024-0885.0x₹1654 cr28.0%38.0%0.0x
2024-0770.2x₹1654 cr28.0%38.0%0.0x
2024-0673.3x₹1654 cr28.0%38.0%0.0x
2024-0596.9x₹1248 cr25.4%29.0%0.0x
2024-0488.7x₹1248 cr25.4%29.0%0.0x
2024-0388.6x₹1248 cr25.4%29.0%0.0x
2024-0282.2x₹1248 cr25.4%29.0%0.0x
2024-0162.1x₹1248 cr25.4%29.0%0.0x
2023-1270.0x₹1248 cr25.4%29.0%0.0x
2023-1171.1x₹1248 cr25.4%29.0%0.0x
2023-1059.3x₹1248 cr25.4%29.0%0.0x
2023-0972.3x₹1248 cr25.4%29.0%0.0x
2023-0864.6x₹1248 cr25.4%29.0%0.0x
2023-0766.0x₹1248 cr25.4%29.0%0.0x
2023-0667.1x₹1248 cr25.4%29.0%0.0x
2023-0547.8x₹852 cr31.5%21.0%0.0x
2023-0443.7x₹852 cr31.5%21.0%0.0x
2023-0339.9x₹852 cr31.5%21.0%0.0x
2023-0238.0x₹852 cr31.5%21.0%0.0x
2023-0132.4x₹852 cr31.5%21.0%0.0x
2022-1231.1x₹852 cr31.5%21.0%0.0x
2022-1134.3x₹852 cr31.5%21.0%0.0x
2022-1033.5x₹852 cr31.5%21.0%0.0x
2022-0928.1x₹852 cr31.5%21.0%0.0x
2022-0824.5x₹852 cr31.5%21.0%0.0x
2022-0720.4x₹852 cr31.5%21.0%0.0x
2022-0618.7x₹852 cr31.5%21.0%0.0x
2022-0553.7x₹703 cr16.0%25.0%0.0x
2022-0460.8x₹703 cr16.0%25.0%0.0x
2022-0363.8x₹703 cr16.0%25.0%0.0x
2022-0255.5x₹703 cr16.0%25.0%0.0x
2022-0164.0x₹703 cr16.0%25.0%0.0x
2021-1259.8x₹703 cr16.0%25.0%0.0x

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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