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UNIVERSAL CABLES LTD (UNIVCABLES)

Electronic Technology · Electronic Components · 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.37 / 100
Profitability 38Growth 47Balance sheet 27
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.29 / 100
Price 2Earnings 71FII/DII 13
Compare withADITYA INFOTECHGNG ELECTRONICSCENTUM ELECTRONICS

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,129.9 latest close · −3.5% over the last 90 sessions

₹1,200₹1,400₹1,600₹1,800Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,200₹1,400₹1,600₹1,800Jul 3Sep 4Nov 9

₹1,129.9 month-end · +18.2% over 12 months

₹1,000₹1,500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,000₹1,500Nov '25May '26Nov '26

₹1,129.9 month-end · +124.6% over 3 years

₹500₹1,000₹1,500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹500₹1,000₹1,500Nov '23May '25Nov '26

₹1,129.9 month-end · +347.1% since Jan '19

₹0₹500₹1,000₹1,500Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000₹1,500Jan '19Dec '22Nov '26

52-week range ₹576.00 to ₹1774.90 · 1-year volatility 61.6%

Was the rally earned?

+18%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 58 points, but investors now pay less per rupee of profit (P/E 28.3x to 19.6x), which took 40 points back.
  • The share count barely moved.
Net profit growth: +57 pts. Points of the price return explained by net profit growing (or shrinking).+57 ptsNet profit growthP/E change: −40 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−40 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: +18%+18%Share priceNet profit growth: +57 pts. Points of the price return explained by net profit growing (or shrinking).+57ProfitP/E change: −40 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−40P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +18%+18%Share price
Net profit growth+57 ptsNet profit rose about 69%, which lifts the price.
P/E change-40 ptsThe P/E fell from 28.3x to 19.6x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+125%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 81 points and the multiple added 44 points (P/E 14.8x to 19.6x).
  • The share count barely moved.
Net profit growth: +81 pts. Points of the price return explained by net profit growing (or shrinking).+81 ptsNet profit growthP/E change: +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: +125%+125%Share priceNet profit growth: +81 pts. Points of the price return explained by net profit growing (or shrinking).+81ProfitP/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: +125%+125%Share price
Net profit growth+81 ptsNet profit rose about 69%, which lifts the price.
P/E change+44 ptsThe P/E rose from 14.8x to 19.6x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+636%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 347 points and the multiple added 288 points (P/E 7.9x to 19.6x).
  • The share count barely moved.
Net profit growth: +348 pts. Points of the price return explained by net profit growing (or shrinking).+348 ptsNet profit growthP/E change: +288 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+288 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: +636%+636%Share priceNet profit growth: +348 pts. Points of the price return explained by net profit growing (or shrinking).+348ProfitP/E change: +288 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+288P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +636%+636%Share price
Net profit growth+348 ptsNet profit rose about 198%, which lifts the price.
P/E change+288 ptsThe P/E rose from 7.9x to 19.6x, which lifts the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with ADITYA INFOTECH

How rough has the ride been?

Maximum drawdown-73.5%recovered 2022-11
1-year volatility61.6%annualised
Beta vs sector index0.833-year daily, correlation 0.42
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−70.7% 0%−20%−40%−60%2020202220242026−70.7%
Largest drawdowns

-73.5% (2019-01 peak to 2020-03 low, recovered 2022-11)

-53.8% (2024-07 peak to 2025-04 low, recovered 2025-11)

-40.2% (2025-11 peak to 2026-03 low, recovered 2026-05)

Most recent volume spikes

2026-11-05: 6.3x the 50-day median, price -9.9% that day

2026-08-10: 11.9x the 50-day median, price +20.0% 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?

19.6xP/E todayWithin its usual range
Against its own history77th percentile
CheapestMedian 12.9xDearest

Usual range 4.3x to 26.1x since 2019-01.

Against Electronic Technology19.6x vs 55.3x
This company
19.6x
Sector median
55.3x

65% below the Electronic Technology median.

2.1x30.1x58.0x85.9xJan '19Aug '20Mar '22Oct '23May '25Nov '262.1x30.1x58.0x85.9xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianElectronic Technology median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianElectronic Technology median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianElectronic Technology 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 Electronic Technology is valued

Where does it rank among Electronic Technology peers?

Each cell is the company's percentile rank among its Electronic Technology 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

  • ROCE42nd▲ 15 pts vs a year ago
  • Op. margin34th▼ 12 pts vs a year ago
  • Revenue growth59th▲ 8 pts vs a year ago
  • EPS growth77th▲ 20 pts vs a year ago
  • Debt/equity ↓21st▼ 7 pts vs a year ago
  • Cash cycle ↓62nd▲ 11 pts vs a year ago
  • P/E ↓76thflat vs a year ago
  • 12M momentum62nd▼ 26 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 Electronic Technology sector page Watch it move against Electronic Technology in the Observatory

What is the price implying?

~22%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 35.4x, a holder earning 12%/yr needs earnings to grow about 21.5%/yr for 10 years, then trade at 15x.

Delivered3.2%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+18.3 ptsimplied minus delivered
Rank174thmost demanding of 856

Over time

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

-9%9%26% Jan 2019Nov 2026 -9%9%26% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x23.0%24.1%25.3%
15x20.4%21.5%22.6%
20x17.1%18.1%19.2%

Drag a slider to test other assumptions

Implied: 21.5%/yr

Looking back

  • Jan 2020Price implied −2%/yr; EPS has since grown 3%/yr (7.0 yrs)
  • Jan 2021Price implied −1%/yr; EPS has since grown 10%/yr (6.0 yrs)
  • Jan 2022Price implied 2%/yr; EPS has since grown 20%/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 Electronic Technology The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹1129.90
P/E
19.6x
ROCE
12.0%
Market Cap
₹3919 cr
Revenue (TTM)
₹3367 cr
P/S
1.2x
P/B
2.1x
ROE
10.6%
Operating Margin
10.0%
Debt / Equity
0.6x
Promoter Holding
61.9%
12M Momentum
18.1%

52-week range

₹576.00₹1774.90
46% of the way from its 52-week low to its high

Price risk

1Y volatility
61.6%
Beta vs sector
1-year daily
1.37

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.76x
Share count, 1Y
unchanged

Are profits backed by cash?

2 of 7checks within range1 beyond a threshold
Other income reliance51%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 51.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate24%Within range

Median quarterly effective tax rate over about 2.5 years: 24.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.76xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.76x (cash from operations ₹272 cr, net profit ₹360 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-10 daysWithin range

Debtor days are below the median of the previous three fiscal years by 10 days (138 vs 148). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress33% of fixed assetsNear threshold

Capital work-in-progress is 33% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+39 days / 2 yrsNear threshold

Days payable changed by +39 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, DIIs trimmed 2.0 pts; FIIs added 0.8 pts.
  • The number of shareholders rose from 14,919 to 22,213 (+49%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters61.9%61.9%0.0 pts
FIIs0.3%1.1%+0.8 pts
DIIs5.3%3.3%-2.0 pts
Public and others32.5%33.7%+1.2 pts

Number of shareholders

22,213shareholders+49% since Dec '23
15k17k20k22k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 14,919
Mar '24: 14,939
Jun '24: 15,850
Sep '24: 19,031
Dec '24: 17,976
Mar '25: 17,933
Jun '25: 18,069
Sep '25: 17,414
Dec '25: 17,511
Mar '26: 17,751
Jun '26: 22,213
 15k17k20k22k Dec '23Dec '24Dec '25Jun '26
Dec '23: 14,919
Mar '24: 14,939
Jun '24: 15,850
Sep '24: 19,031
Dec '24: 17,976
Mar '25: 17,933
Jun '25: 18,069
Sep '25: 17,414
Dec '25: 17,511
Mar '26: 17,751
Jun '26: 22,213

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

−11.3%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 UNIVERSAL CABLES LTD 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 −26% to +37% vs the market, against −6% for all non-financial companies in the same months.
  • The gap against the base rate (−4.9%, 80% range −12.1% to +4.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
EKC · Feb 2022: −59.0% vs market
TEXRAIL · Nov 2024: −42.1% vs market
KRITI · Oct 2024: −42.0% vs market
KOLTEPATIL · Dec 2023: −37.7% vs market
SALZERELEC · May 2025: −34.8% vs market
PARACABLES · May 2024: −34.1% vs market
IRCON · Aug 2024: −33.4% vs market
WABAG · Jun 2021: −32.9% vs market
SENCO · Jul 2024: −31.5% vs market
BLKASHYAP · Sep 2024: −30.4% vs market
SURYAROSNI · Nov 2021: −30.4% vs market
OMINFRAL · Oct 2024: −30.2% vs market
BAJAJHCARE · Aug 2025: −26.5% vs market
RPOWER · Jun 2021: −23.4% vs market
AEROENTER · Nov 2023: −22.6% vs market
INDOAMIN · Jun 2025: −21.6% vs market
IFGLEXPOR · Jun 2024: −21.1% vs market
SHRIRAMPPS · May 2024: −20.8% vs market
HPL · Feb 2025: −19.6% vs market
OAL · Jun 2025: −19.3% vs market
PARAGMILK · Apr 2024: −16.5% vs market
SANGHIIND · Sep 2021: −15.6% vs market
GPTINFRA · Apr 2025: −15.0% vs market
DYCL · Mar 2025: −12.3% vs market
DMCC · Oct 2025: −11.4% vs market
NELCAST · Jul 2023: −11.2% vs market
FAZE3Q · Oct 2025: −7.4% vs market
ASHAPURMIN · Apr 2024: −1.8% vs market
COSMOFIRST · Sep 2025: −0.8% vs market
LTFOODS · May 2021: −0.6% vs market
RAYMOND · Mar 2023: −0.4% vs market
STERTOOLS · Sep 2023: +5.9% vs market
JPPOWER · Jun 2021: +14.1% vs market
SIGNPOST · Jul 2025: +16.6% vs market
PURVA · Feb 2021: +18.4% vs market
SHANKARA · Jul 2020: +24.0% vs market
SPAL · Aug 2025: +34.2% vs market
PENIND · Oct 2023: +37.5% vs market
ARVIND · Mar 2021: +41.9% vs market
SALASAR · Oct 2023: +42.3% vs market
PGIL · Apr 2025: +50.1% vs market
WELSPUNLIV · Jan 2021: +57.9% vs market
POCL · Jan 2025: +63.2% vs market
SMSPHARMA · Feb 2025: +70.1% vs market
KDDL · Jun 2022: +73.6% vs market
PATELENG · Jul 2022: +84.2% vs market
GOKEX · Oct 2022: +107.2% vs market
JBMA · Oct 2022: +168.8% vs market
ELECON · Mar 2022: +179.9% vs market
ICIL · Jun 2020: +180.2% vs market
Similar setups −11.3%All companies −6.4%← worse than the marketbetter than the market →

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

Similar setups' median
−11.3%
All companies' median
−6.4%
Beat the market
38% vs 43%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SALZERELEC
Producer Manufacturing		 May 2025 24x13% +33%−42% −35%
FAZE3Q
Process Industries		 Oct 2025 26x12% +19%−34% −7%
JPPOWER
Utilities		 Jun 2021 17x5% +190%−12% +14%
HPL
Electronic Technology		 Feb 2025 36x11% +10%−47% −20%
BAJAJHCARE
Health Technology		 Aug 2025 33x11% +8%−41% −27%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ASHAPURMIN
Non-Energy Minerals		 Apr 2024 26x16% +133%−28% −2%
SALASAR
Producer Manufacturing		 Oct 2023 36x14% +57%−20% +42%
PARACABLES
Producer Manufacturing		 May 2024 32x13% +108%−31% −34%
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: drawdown from 12-month high, 12-month momentum and P/E. 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 UNIVERSAL CABLES LTD. 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.

BODAL CHEMICALSBODALCHEM
Process Industries
70%similar
operating margindebt/equity
ELECTRONICS MART INDIAEMIL
Retail Trade
68%similar
operating marginEPS growth
GOODLUCK INDIAGOODLUCK
Non-Energy Minerals
68%similar
operating margindebt/equity
INDIA GLYCOLSINDIAGLYCO
Process Industries
67%similar
ROCEvolatility
CONFIDENCE PETROLEUM INDIA LIMCONFIPET
Retail Trade
66%similar
volatilitydebt/equity
HPL ELECTRIC & POWERHPL
Electronic Technology
56%similar
revenue growthP/E
CYIENT DLMCYIENTDLM
Electronic Technology
41%similar
operating marginEPS growth
TEJAS NETWORKSTEJASNET
Electronic Technology
36%similar
volatilityrevenue growth

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

What changed?

30 events since Apr '24

  1. NovPriceFell 37% from the Aug 2026 peak to the Nov 2026 low.
  2. NovPriceVolume reached 6.3x its 50-day median on 2026-11-05; price -9.9% that day.
  3. AugPriceVolume reached 11.9x its 50-day median on 2026-08-10; price +20.0% that day.
  4. MayPriceRegained the 2025-11 peak, 2 months after the low.
  5. MayValuationP/E crossed above the 90th percentile of its own history to date (24.9x).
  6. MayPriceVolume reached 26.4x its 50-day median on 2026-05-25; price +15.2% that day.
  7. MarPriceFell 40% from the Nov 2025 peak to the Mar 2026 low.
  8. MarPeer rankMoved into the top quartile of Electronic Technology on EPS growth (from the 2nd quartile).
Show 22 earlier events
  1. MarPriceVolume reached 6.5x its 50-day median on 2026-03-18; price +10.9% that day.
  2. NovPriceRegained the 2024-07 peak, 7 months after the low.
  3. NovValuationP/E crossed above the 90th percentile of its own history to date (28.3x).
  4. NovPriceVolume reached 58.5x its 50-day median on 2025-11-14; price +10.5% that day.
  5. SepResultsYear-on-year EPS growth turned positive.
  6. SepPeer rankMoved into the 2nd quartile of Electronic Technology on EPS growth (from the bottom quartile).
  7. SepPriceVolume reached 12.2x its 50-day median on 2025-09-18; price +7.2% that day.
  8. JunPeer rankSlipped to the bottom quartile of Electronic Technology on EPS growth (from the 3rd quartile).
  9. MayValuationP/E crossed above the 90th percentile of its own history to date (23.5x).
  10. MayPriceVolume reached 11.8x its 50-day median on 2025-05-05; price +16.6% that day.
  11. AprPriceFell 54% from the Jul 2024 peak to the Apr 2025 low.
  12. MarResultsRevenue (TTM) reached a new high of ₹2,315 cr.
  13. MarPeer rankMoved into the 3rd quartile of Electronic Technology on operating margin (from the bottom quartile).
  14. DecPeer rankSlipped to the bottom quartile of Electronic Technology on operating margin (from the 3rd quartile).
  15. DecPriceVolume reached 35.2x its 50-day median on 2024-12-10; price +20.0% that day.
  16. SepPeer rankSlipped to the bottom quartile of Electronic Technology on EPS growth (from the 3rd quartile).
  17. AugPriceVolume reached 9.5x its 50-day median on 2024-08-13; price -7.9% that day.
  18. JunResultsYear-on-year EPS growth turned negative.
  19. JunPeer rankSlipped to the 3rd quartile of Electronic Technology on EPS growth (from the 2nd quartile).
  20. AprPriceRegained the 2023-11 peak, 1 month after the low.
  21. AprValuationP/E crossed above the 90th percentile of its own history to date (17.2x).
  22. AprPriceVolume reached 21.5x its 50-day median on 2024-04-22; price +7.6% 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
2026-1119.6x₹3367 cr10.6%12.0%0.6x
2026-1020.9x₹3367 cr10.6%12.0%0.6x
2026-0925.0x₹3367 cr10.6%12.0%0.6x
2026-0835.0x₹3022 cr8.7%12.0%0.6x
2026-0728.8x₹3022 cr8.7%12.0%0.6x
2026-0626.6x₹3022 cr8.7%12.0%0.6x
2026-0524.9x₹2856 cr9.0%9.0%0.5x
2026-0418.4x₹2856 cr9.0%9.0%0.5x
2026-0314.3x₹2856 cr9.0%9.0%0.5x
2026-0216.4x₹2696 cr8.4%9.0%0.5x
2026-0117.2x₹2696 cr8.4%9.0%0.5x
2025-1221.0x₹2696 cr8.4%9.0%0.5x
2025-1128.3x₹2520 cr6.7%9.0%0.5x
2025-1021.7x₹2520 cr6.7%9.0%0.5x
2025-0920.9x₹2520 cr6.7%9.0%0.5x
2025-0827.6x₹2409 cr5.1%9.0%0.5x
2025-0729.0x₹2409 cr5.1%9.0%0.5x
2025-0630.1x₹2409 cr5.1%9.0%0.5x
2025-0523.5x₹2315 cr5.0%10.0%0.4x
2025-0417.5x₹2315 cr5.0%10.0%0.4x
2025-0319.5x₹2315 cr5.0%10.0%0.4x
2025-0218.0x₹2174 cr5.5%10.0%0.4x
2025-0122.9x₹2174 cr5.5%10.0%0.4x
2024-1229.4x₹2174 cr5.5%10.0%0.4x
2024-1123.6x₹2030 cr5.1%10.0%0.4x
2024-1025.7x₹2030 cr5.1%10.0%0.4x
2024-0926.3x₹2030 cr5.1%10.0%0.4x
2024-0822.9x₹2020 cr6.1%10.0%0.4x
2024-0727.9x₹2020 cr6.1%10.0%0.4x
2024-0622.3x₹2020 cr6.1%10.0%0.4x
2024-0518.0x₹2202 cr7.9%12.0%0.4x
2024-0417.2x₹2202 cr7.9%12.0%0.4x
2024-0313.4x₹2202 cr7.9%12.0%0.4x
2024-0212.9x₹2202 cr7.9%12.0%0.4x
2024-0115.0x₹2202 cr7.9%12.0%0.4x
2023-1215.2x₹2202 cr7.9%12.0%0.4x
2023-1114.8x₹2202 cr7.9%12.0%0.4x
2023-1015.1x₹2202 cr7.9%12.0%0.4x
2023-0914.1x₹2202 cr7.9%12.0%0.4x
2023-0813.7x₹2202 cr7.9%12.0%0.4x
2023-0712.9x₹2202 cr7.9%12.0%0.4x
2023-0611.4x₹2202 cr7.9%12.0%0.4x
2023-0517.1x₹1813 cr5.8%9.0%0.5x
2023-0417.8x₹1813 cr5.8%9.0%0.5x
2023-0316.6x₹1813 cr5.8%9.0%0.5x
2023-0215.2x₹1813 cr5.8%9.0%0.5x
2023-0115.3x₹1813 cr5.8%9.0%0.5x
2022-1213.8x₹1813 cr5.8%9.0%0.5x
2022-1113.6x₹1813 cr5.8%9.0%0.5x
2022-1011.2x₹1813 cr5.8%9.0%0.5x
2022-099.9x₹1813 cr5.8%9.0%0.5x
2022-0810.1x₹1813 cr5.8%9.0%0.5x
2022-077.9x₹1813 cr5.8%9.0%0.5x
2022-066.6x₹1813 cr5.8%9.0%0.5x
2022-057.5x₹1280 cr5.9%9.0%0.5x
2022-048.3x₹1280 cr5.9%9.0%0.5x
2022-037.1x₹1280 cr5.9%9.0%0.5x
2022-027.4x₹1280 cr5.9%9.0%0.5x
2022-018.4x₹1280 cr5.9%9.0%0.5x
2021-128.9x₹1280 cr5.9%9.0%0.5x

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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