52-week range
Price risk
Balance sheet & cash
Was the rally earned?
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 20.1x to 14.4x); per-share earnings added 0 points.
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 487 points, but investors now pay less per rupee of profit (P/E 196.4x to 14.4x), which took 382 points back.
- The share count barely moved.
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 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 20.9x, the price would imply about 15.8%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Earnings figures have not updated recently, so the company is left out of the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Health Technology The market-wide Expectations lists
What changed?
- Oct '26Fell 52% from the Jul 2026 peak to the Oct 2026 low.
- Oct '26Volume reached 6.0x its 50-day median on 2026-10-06; price +3.9% that day.
- Sep '26Slipped to the 3rd quartile of Health Technology on EPS growth (from the top quartile).
- Jul '26Regained the 2024-12 peak, 16 months after the low.
- Jul '26Volume reached 74.6x its 50-day median on 2026-07-14; price +11.8% that day.
- Jun '26Year-on-year EPS growth turned positive.
- Jun '26Moved into the top quartile of Health Technology on EPS growth (from the 3rd quartile).
- Jun '26Volume reached 10.6x its 50-day median on 2026-06-01; price -13.6% that day.
Show 22 earlier events
- Jan '26Volume reached 26.3x its 50-day median on 2026-01-29; price +11.9% that day.
- Dec '25Promoter holding rose 3.5 pts to 43.1%.
- Oct '25Volume reached 8.6x its 50-day median on 2025-10-27; price +8.1% that day.
- Sep '25Slipped to the 3rd quartile of Health Technology on operating margin (from the 2nd quartile).
- Sep '25Volume reached 7.4x its 50-day median on 2025-09-16; price -0.7% that day.
- Jun '25Year-on-year EPS growth turned negative.
- Jun '25Moved into the 2nd quartile of Health Technology on operating margin (from the 3rd quartile).
- May '25Volume reached 20.3x its 50-day median on 2025-05-16; price +9.8% that day.
- Mar '25Fell 50% from the Dec 2024 peak to the Mar 2025 low.
- Mar '25Volume reached 7.4x its 50-day median on 2025-03-24; price +10.1% that day.
- Dec '24Revenue (TTM) reached a new high of ₹577 cr.
- Dec '24Moved into the 3rd quartile of Health Technology on operating margin (from the bottom quartile).
- Dec '24Volume reached 6.4x its 50-day median on 2024-12-17; price +3.8% that day.
- Sep '24Year-on-year EPS growth turned positive.
- Sep '24Slipped to the bottom quartile of Health Technology on operating margin (from the 3rd quartile).
- Jul '24Regained the 2024-02 peak, 4 months after the low.
- Jul '24Volume reached 7.6x its 50-day median on 2024-07-16; price -0.2% that day.
- Jun '24Moved into the top quartile of Health Technology on ROCE (from the 2nd quartile).
- May '24Volume reached 8.2x its 50-day median on 2024-05-27; price +4.1% that day.
- Mar '24Fell 28% from the Feb 2024 peak to the Mar 2024 low.
- Feb '24Slipped to the 2nd quartile of Health Technology on ROCE (from the top quartile).
- Jan '24Volume reached 18.9x its 50-day median on 2024-01-19; price +2.0% 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
Are profits backed by cash?
4 of 7 checks are within range, 2 near a threshold, 1 beyond a threshold.
Tap a check to see how it is measured.
Other income reliance12%Within range
Other income as a share of pre-tax profit (trailing twelve months): 11.9%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate1%Beyond threshold
Median quarterly effective tax rate over about 2.5 years: 1.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.65xNear threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.65x (cash from operations ₹50 cr, net profit ₹77 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+11 daysWithin range
Debtor days are above the median of the previous three fiscal years by 11 days (70 vs 59). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress2% of fixed assetsWithin range
Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-24 days / 2 yrsWithin range
Days payable changed by -24 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 added 3.2 pts; FIIs added 0.9 pts.
- The number of shareholders rose from 11,616 to 17,174 (+48%) between Dec 2023 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
-69.5% (2022-02 peak to 2023-03 low, recovered 2023-12)
-53.0% (2019-03 peak to 2019-10 low, recovered 2020-02)
-51.7% (2026-07 peak to 2026-10 low, not yet recovered)
Most recent volume spikes
2026-10-06: 6x the 50-day median, price +3.9% that day
2026-09-30: 5.5x the 50-day median, price -8.0% that day
2026-08-12: 12.1x the 50-day median, price +3.3% 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).
Where does it rank among Health Technology peers?
Each cell is the company's percentile rank among its Health 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).
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 Health Technology sector page Watch it move against Health Technology in the Observatory
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
| Company | Sector | Similarity | Closest on |
|---|---|---|---|
| K P ENERGY (KPEL) | Utilities | 52% | ROCE, promoter holding |
| INDO AMINES (INDOAMIN) | Process Industries | 50% | operating margin, market cap |
| JAY BHARAT MARUTI (JAYBARMARU) | Distribution Services | 46% | revenue growth, EPS growth |
| SKM EGG PRODUCTS EXPORTS (INDI (SKMEGGPROD) | Process Industries | 46% | revenue growth, ROCE |
| BHARAT WIRE ROPES (BHARATWIRE) | Producer Manufacturing | 45% | revenue, promoter holding |
| HESTER BIOSCIENCES (HESTERBIO) | Health Technology | 36% | P/E, revenue growth |
| BETA DRUGS (BETA) | Health Technology | 22% | revenue, volatility |
| KILITCH DRUGS (I) (KILITCH) | Health Technology | 22% | market cap, revenue |
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like WANBURY LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −32% to +47% vs the market, against −9% for all non-financial companies in the same months.
- The gap against the base rate (−3.2%, 80% range −8.7% to +6.1%) 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 · 4 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 30 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| TRF Producer Manufacturing |
Feb 2025 | 19x | 38% | −26% | −51% | −30% |
| STEELXIND Non-Energy Minerals |
Dec 2024 | 38x | — | −2% | −42% | −11% |
| BIRLAMONEY Finance |
Mar 2020 | 11x | — | −59% | −65% | +18% |
| ZODIAC Producer Manufacturing |
Oct 2025 | 27x | — | −36% | −39% | −37% |
| NDTV Consumer Services |
Oct 2020 | 11x | 24% | −11% | −42% | +70% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| INSPIRISYS Technology Services |
May 2025 | 18x | 31% | +7% | −43% | +19% |
| ASAL Producer Manufacturing |
Mar 2025 | 39x | 46% | −18% | −55% | −18% |
| DONEAR Process Industries |
May 2025 | 12x | — | +3% | −39% | −17% |
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 size. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
Monthly history (93 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | 14.4x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2026-09 | 15.2x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2026-08 | 19.4x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2026-07 | 22.4x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2026-06 | 21.4x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2026-05 | 23.6x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2026-04 | 19.4x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2026-03 | 16.9x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2026-02 | 20.3x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2026-01 | 15.9x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2025-12 | 17.3x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2025-11 | 19.9x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2025-10 | 20.1x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2025-09 | 19.4x | ₹629 cr | 77.8% | 37.0% | 3.0x |
| 2025-08 | 29.9x | ₹597 cr | 55.6% | 37.0% | 3.0x |
| 2025-07 | 28.9x | ₹597 cr | 55.6% | 37.0% | 3.0x |
| 2025-06 | 30.1x | ₹597 cr | 55.6% | 37.0% | 3.0x |
| 2025-05 | 22.2x | ₹564 cr | 171.7% | 61.0% | 4.1x |
| 2025-04 | 17.7x | ₹564 cr | 171.7% | 61.0% | 4.1x |
| 2025-03 | 17.5x | ₹564 cr | 171.7% | 61.0% | 4.1x |
| 2025-02 | 10.6x | ₹577 cr | 206.8% | 61.0% | 4.1x |
| 2025-01 | 13.4x | ₹577 cr | 206.8% | 61.0% | 4.1x |
| 2024-12 | 18.0x | ₹577 cr | 206.8% | 61.0% | 4.1x |
| 2024-11 | 15.4x | ₹560 cr | 202.9% | 61.0% | 4.1x |
| 2024-10 | 15.0x | ₹560 cr | 202.9% | 61.0% | 4.1x |
| 2024-09 | 17.2x | ₹560 cr | 202.9% | 61.0% | 4.1x |
| 2024-08 | 13.5x | ₹575 cr | 218.5% | 61.0% | 4.1x |
| 2024-07 | 12.5x | ₹575 cr | 218.5% | 61.0% | 4.1x |
| 2024-06 | 9.1x | ₹575 cr | 218.5% | 61.0% | 4.1x |
| 2024-05 | 20.9x | ₹569 cr | — | 21.0% | — |
| 2024-04 | 21.3x | ₹569 cr | — | 21.0% | — |
| 2024-03 | 20.5x | ₹569 cr | — | 21.0% | — |
| 2024-02 | 53.1x | ₹549 cr | — | 21.0% | — |
| 2024-01 | 48.8x | ₹549 cr | — | 21.0% | — |
| 2023-12 | 42.2x | ₹549 cr | — | 21.0% | — |
| 2023-11 | 222.1x | ₹529 cr | — | 21.0% | — |
| 2023-10 | 196.4x | ₹529 cr | — | 21.0% | — |
| 2023-09 | 146.9x | ₹529 cr | — | 21.0% | — |
| 2023-08 | — | ₹500 cr | — | 21.0% | — |
| 2023-07 | — | ₹500 cr | — | 21.0% | — |
| 2023-06 | — | ₹500 cr | — | 21.0% | — |
| 2023-05 | 1.9x | ₹511 cr | — | 46.0% | — |
| 2023-04 | 2.0x | ₹511 cr | — | 46.0% | — |
| 2023-03 | 1.5x | ₹511 cr | — | 46.0% | — |
| 2023-02 | 1.5x | ₹511 cr | — | 46.0% | — |
| 2023-01 | 1.7x | ₹511 cr | — | 46.0% | — |
| 2022-12 | 2.0x | ₹511 cr | — | 46.0% | — |
| 2022-11 | 2.1x | ₹511 cr | — | 46.0% | — |
| 2022-10 | 2.7x | ₹511 cr | — | 46.0% | — |
| 2022-09 | 2.6x | ₹511 cr | — | 46.0% | — |
| 2022-08 | 2.4x | ₹511 cr | — | 46.0% | — |
| 2022-07 | 2.5x | ₹511 cr | — | 46.0% | — |
| 2022-06 | 2.6x | ₹511 cr | — | 46.0% | — |
| 2022-05 | — | ₹392 cr | — | 27.0% | — |
| 2022-04 | — | ₹392 cr | — | 27.0% | — |
| 2022-03 | — | ₹392 cr | — | 27.0% | — |
| 2022-02 | — | ₹392 cr | — | 27.0% | — |
| 2022-01 | — | ₹392 cr | — | 27.0% | — |
| 2021-12 | — | ₹392 cr | — | 27.0% | — |
| 2021-11 | — | ₹392 cr | — | 27.0% | — |
| 2021-10 | — | ₹392 cr | — | 27.0% | — |
| 2021-09 | — | ₹392 cr | — | 27.0% | — |
| 2021-08 | — | ₹392 cr | — | 27.0% | — |
| 2021-07 | — | ₹392 cr | — | 27.0% | — |
| 2021-06 | — | ₹392 cr | — | 27.0% | — |
| 2021-05 | 4.0x | ₹367 cr | — | 31.0% | — |
| 2021-04 | 4.1x | ₹367 cr | — | 31.0% | — |
| 2021-03 | 3.2x | ₹367 cr | — | 31.0% | — |
| 2021-02 | 3.8x | ₹367 cr | — | 31.0% | — |
| 2021-01 | 2.3x | ₹367 cr | — | 31.0% | — |
| 2020-12 | 1.8x | ₹367 cr | — | 31.0% | — |
| 2020-11 | 1.4x | ₹367 cr | — | 31.0% | — |
| 2020-10 | 1.4x | ₹367 cr | — | 31.0% | — |
| 2020-09 | 1.3x | ₹367 cr | — | 31.0% | — |
| 2020-08 | 1.4x | ₹367 cr | — | 31.0% | — |
| 2020-07 | 1.2x | ₹367 cr | — | 31.0% | — |
| 2020-06 | — | ₹367 cr | — | 31.0% | — |
| 2020-05 | — | ₹391 cr | — | 26.0% | — |
| 2020-04 | — | ₹391 cr | — | 26.0% | — |
| 2020-03 | — | ₹391 cr | — | 26.0% | — |
| 2020-02 | — | ₹391 cr | — | 26.0% | — |
| 2020-01 | — | ₹391 cr | — | 26.0% | — |
| 2019-12 | — | ₹391 cr | — | 26.0% | — |
| 2019-11 | — | ₹391 cr | — | 26.0% | — |
| 2019-10 | — | ₹391 cr | — | 26.0% | — |
| 2019-09 | — | ₹391 cr | — | 26.0% | — |
| 2019-08 | — | ₹391 cr | — | 26.0% | — |
| 2019-07 | — | ₹391 cr | — | 26.0% | — |
| 2019-06 | — | ₹391 cr | — | 26.0% | — |
| 2019-05 | — | ₹370 cr | — | -1.0% | — |
| 2019-04 | — | ₹370 cr | — | -1.0% | — |
| 2019-03 | — | ₹370 cr | — | -1.0% | — |
| 2019-02 | — | ₹370 cr | — | -1.0% | — |