अApnaFunda
Menu

WONDER ELECTRICALS LIMITED (WEL)

Electronic Technology · Electronic Equipment/Instruments · 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.17 / 100
Profitability 23Balance sheet 10
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.41 / 100
Price 0Earnings 34FII/DII 88
Compare withHITACHI ENERGY INDIAAPAR INDUSTRIESHONEYWELL AUTOMATION INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹75.3 latest close · −28.3% over the last 90 sessions

₹100₹150Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹100₹150Jul 3Sep 4Nov 9

₹75.3 month-end · −57.6% over 12 months

₹100₹150Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹100₹150Nov '25May '26Nov '26

₹75.3 month-end · −53.4% since Jun '25

₹100₹150Jun '25Sep '25Jan '26Apr '26Aug '26Nov '26 ₹100₹150Jun '25Mar '26Nov '26

52-week range ₹68.01 to ₹183.53 · 1-year volatility 62.4%

Was the rally earned?

-58%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings took off 28 points and the multiple took off 29 points (P/E 129.7x to 83.7x).
  • The share count barely moved.
Net profit growth: −28 pts. Points of the price return explained by net profit growing (or shrinking).−28 ptsNet profit growthP/E change: −29 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−29 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: −58%−58%Share priceNet profit growth: −28 pts. Points of the price return explained by net profit growing (or shrinking).−28ProfitP/E change: −29 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−29P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −58%−58%Share price
Net profit growth-28 ptsNet profit fell about 34%, which lowers the price.
P/E change-29 ptsThe P/E fell from 129.7x to 83.7x, which lowers the price.
Share count change0 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.

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.

Compare this with HITACHI ENERGY INDIA

How rough has the ride been?

Maximum drawdown-65.1%not yet recovered
1-year volatility62.4%annualised
Beta vs sector index0.443-year daily, correlation 0.20
Volume spikes16last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2023202420252026−65.1% 0%−20%−40%−60%2023202420252026−65.1%
Largest drawdowns

-65.1% (2025-02 peak to 2026-10 low, not yet recovered)

-39.0% (2022-02 peak to 2022-06 low, recovered 2022-10)

-31.4% (2023-01 peak to 2023-03 low, recovered 2023-08)

Most recent volume spikes

2026-09-03: 8.3x the 50-day median, price +4.5% that day

2026-09-02: 17.1x the 50-day median, price -6.0% that day

2026-09-01: 26.3x the 50-day median, price -10.0% 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).

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

  • ROCE30th
  • Op. margin15thflat vs a year ago
  • Revenue growth8th
  • EPS growth15th
  • Debt/equity ↓8thflat vs a year ago
  • Cash cycle ↓76thflat vs a year ago
  • P/E ↓31st▲ 12 pts vs a year ago
  • 12M momentum3rd▼ 74 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?

~32%annual earnings growth implied by the price

At a P/E of 83.7x, the price would imply about 32.3%/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 Electronic Technology The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹75.30
P/E
83.7x
ROCE
9.0%
Market Cap
₹1009 cr
Revenue (TTM)
₹734 cr
P/S
1.4x
P/B
9.7x
ROE
11.6%
Operating Margin
3.9%
Debt / Equity
1.1x
Promoter Holding
71.8%
12M Momentum
-57.6%

52-week range

₹68.01₹183.53
6% of the way from its 52-week low to its high

Price risk

1Y volatility
62.4%
Beta vs sector
1-year daily
0.38

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.8x
Share count, 1Y
unchanged

Are profits backed by cash?

2 of 2checks within rangeAll clear
Other income reliance0%Within range

Other income as a share of pre-tax profit (trailing twelve months): 0.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate24%Within range

Median quarterly effective tax rate over about 2.5 years: 24.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow—Not enough data

Not enough reported data to compute this.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress—Not enough data

Not enough reported data to compute this.

Payable days—Not enough data

Not enough reported data to compute this.

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, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders rose from 1,912 to 14,303 (+648%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters71.8%71.8%0.0 pts
FIIs10.9%11.0%+0.1 pts
DIIs0.0%0.0%0.0 pts
Public and others17.3%17.2%-0.1 pts

Number of shareholders

14,303shareholders+648% since Sep '23
2k6k10k14k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1,912
Dec '23: 1,866
Mar '24: 2,440
Jun '24: 4,359
Sep '24: 6,280
Dec '24: 11,523
Mar '25: 12,247
Jun '25: 11,088
Sep '25: 11,310
Dec '25: 10,338
Mar '26: 9,850
Jun '26: 14,303
 2k6k10k14k Sep '23Sep '24Sep '25Jun '26
Sep '23: 1,912
Dec '23: 1,866
Mar '24: 2,440
Jun '24: 4,359
Sep '24: 6,280
Dec '24: 11,523
Mar '25: 12,247
Jun '25: 11,088
Sep '25: 11,310
Dec '25: 10,338
Mar '26: 9,850
Jun '26: 14,303

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

−2.7%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 WONDER ELECTRICALS 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 −22% to +29% vs the market, against 0% for all non-financial companies in the same months.
  • The gap against the base rate (−2.4%, 80% range −12.9% to +3.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SHRENIK · Aug 2020: −93.9% vs market
AKASH · Nov 2021: −81.5% vs market
VIKASECO · May 2020: −64.3% vs market
BCONCEPTS · Sep 2025: −61.2% vs market
SECURKLOUD · Jan 2022: −56.0% vs market
USASEEDS · Mar 2024: −54.2% vs market
PAVNAIND · Apr 2025: −42.7% vs market
ORIENTLTD · May 2020: −33.2% vs market
COASTCORP · Aug 2023: −32.2% vs market
BIRLACABLE · Sep 2024: −31.8% vs market
BIGBLOC · Aug 2025: −30.1% vs market
SHIGAN · Jul 2024: −24.5% vs market
ASTEC · Dec 2023: −22.4% vs market
SOUTHWEST · Aug 2023: −22.3% vs market
DUCON · Dec 2023: −22.2% vs market
PRIVISCL · Apr 2023: −20.6% vs market
BLKASHYAP · Jun 2025: −17.8% vs market
MEGASTAR · Sep 2024: −14.4% vs market
THEINVEST · Oct 2021: −14.0% vs market
FAIRCHEMOR · Sep 2025: −12.8% vs market
NECCLTD · Mar 2023: −7.5% vs market
ROHLTD · Jun 2020: −7.4% vs market
OAL · Sep 2023: −5.5% vs market
STEELXIND · Jan 2023: −4.4% vs market
V2RETAIL · Jan 2020: −3.3% vs market
INSPIRISYS · Oct 2020: −2.0% vs market
KHADIM · Jun 2022: −1.7% vs market
DYNPRO · Aug 2022: +1.3% vs market
KECL · Jul 2025: +1.5% vs market
DCAL · Jun 2022: +3.6% vs market
STYRENIX · Aug 2022: +9.0% vs market
NRBBEARING · Jun 2020: +10.6% vs market
RAMASTEEL · Jul 2024: +13.0% vs market
VIPULLTD · Feb 2020: +14.5% vs market
GOACARBON · Feb 2020: +16.2% vs market
HINDWAREAP · Oct 2024: +20.2% vs market
LOKESHMACH · Mar 2025: +26.9% vs market
CAPACITE · May 2022: +29.2% vs market
IRIS · Dec 2022: +33.8% vs market
DPSCLTD · Nov 2022: +38.4% vs market
BASML · Oct 2020: +38.5% vs market
EMBDL · Jan 2021: +42.0% vs market
ALICON · Jun 2020: +42.6% vs market
ASHOKLEY · Jun 2020: +71.3% vs market
GREENPOWER · Dec 2022: +72.5% vs market
COOLCAPS · May 2024: +91.6% vs market
HIMATSEIDE · Aug 2020: +101.6% vs market
HFCL · Jul 2025: +143.6% vs market
RKFORGE · Jun 2020: +148.9% vs market
SOMANYCERA · Aug 2020: +173.4% vs market
Similar setups −2.7%All companies −0.3%← 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
−2.7%
All companies' median
−0.3%
Beat the market
46% vs 50%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RKFORGE
Producer Manufacturing		 Jun 2020 55x5% −63%−67% +149%
SOMANYCERA
Producer Manufacturing		 Aug 2020 46x7% −44%−48% +173%
BIGBLOC
Non-Energy Minerals		 Aug 2025 81x7% −54%−62% −30%
HIMATSEIDE
Process Industries		 Aug 2020 58x8% −38%−50% +102%
THEINVEST
Finance		 Oct 2021 37x7% −6%−33% −14%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DUCON
Distribution Services		 Dec 2023 85x7% −28%−35% −22%
KECL
Producer Manufacturing		 Jul 2025 226x8% −47%−47% +2%
RAMASTEEL
Non-Energy Minerals		 Jul 2024 52x12% −26%−35% +13%
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: ROCE, interest cover and drawdown from 12-month high. 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 WONDER ELECTRICALS 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.

SHIV AUM STEELSSHIVAUM
Non-Energy Minerals
75%similar
P/Eoperating margin
ASTEC LIFESCIENCESASTEC
Process Industries
66%similar
volatilitypromoter holding
PASHUPATI COTSPINPASHUPATI
Process Industries
65%similar
revenueP/E
ORIENTAL AROMATICSOAL
Process Industries
64%similar
promoter holdingP/E
EURO INDIA FRESH FOODSEIFFL
Consumer Non-Durables
62%similar
ROCEP/E
SAHASRA ELECTRONIC SOLUSAHASRA
Electronic Technology
48%similar
market capvolatility
ROSSELL TECHSYSROSSTECH
Electronic Technology
39%similar
volatilityrevenue
NELCONELCO
Electronic Technology
28%similar
ROCEP/E

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

What changed?

24 events since May '22

  1. OctPriceFell 65% from the Feb 2025 peak to the Oct 2026 low.
  2. AugPriceVolume reached 497.3x its 50-day median on 2026-08-27; price -20.0% that day.
  3. AprPriceVolume reached 1044.9x its 50-day median on 2026-04-02; price -0.6% that day.
  4. MarPriceVolume reached 23.1x its 50-day median on 2026-03-30; price -20.0% that day.
  5. NovPriceVolume reached 10.0x its 50-day median on 2025-11-14; price +9.9% that day.
  6. JulPriceVolume reached 17.4x its 50-day median on 2025-07-08; price +8.6% that day.
  7. DecPriceVolume reached 5.1x its 50-day median on 2024-12-26; price -0.7% that day.
  8. AugPriceRegained the 2024-04 peak, 2 months after the low.
Show 16 earlier events
  1. AugPriceVolume reached 34.0x its 50-day median on 2024-08-26; price -6.8% that day.
  2. JunPriceFell 29% from the Apr 2024 peak to the Jun 2024 low.
  3. AprPriceVolume reached 8.6x its 50-day median on 2024-04-16; price +5.0% that day.
  4. FebPriceRegained the 2023-12 peak, 0 months after the low.
  5. FebPriceFell 30% from the Dec 2023 peak to the Feb 2024 low.
  6. JanPriceVolume reached 29.9x its 50-day median on 2024-01-03; price -4.0% that day.
  7. DecPriceVolume reached 351.9x its 50-day median on 2023-12-28; price -8.2% that day.
  8. AugPriceRegained the 2023-01 peak, 5 months after the low.
  9. AugPriceVolume reached 98.6x its 50-day median on 2023-08-29; price +16.2% that day.
  10. MarPriceFell 31% from the Jan 2023 peak to the Mar 2023 low.
  11. JanPriceVolume reached 9.2x its 50-day median on 2023-01-04; price -4.5% that day.
  12. OctPriceRegained the 2022-02 peak, 4 months after the low.
  13. OctPriceVolume reached 118.6x its 50-day median on 2022-10-19; price +14.7% that day.
  14. SepPriceVolume reached 106.8x its 50-day median on 2022-09-12; price +19.9% that day.
  15. JunPriceFell 39% from the Feb 2022 peak to the Jun 2022 low.
  16. MayPriceVolume reached 9.0x its 50-day median on 2022-05-11; price +4.3% 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 history18 months · 2025-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1183.7x₹734 cr11.6%9.0%1.1x
2026-1078.1x₹734 cr11.5%9.0%1.1x
2026-0980.7x₹734 cr11.5%9.0%1.1x
2026-08132.1x₹655 cr8.8%9.0%1.1x
2026-07175.8x₹655 cr8.8%9.0%1.1x
2026-06150.2x₹655 cr8.8%9.0%1.1x
2026-0591.3x₹715 cr13.7%—1.3x
2026-04104.5x₹715 cr13.7%—1.3x
2026-0395.0x₹715 cr13.7%—1.3x
2026-02104.6x₹784 cr18.3%—1.3x
2026-01102.8x₹784 cr18.3%—1.3x
2025-12111.6x₹784 cr18.3%—1.3x
2025-11129.7x₹818 cr18.5%—1.3x
2025-10109.9x₹818 cr18.5%—1.3x
2025-0991.4x₹818 cr18.5%—1.3x
2025-0891.8x₹895 cr19.2%—1.3x
2025-07114.1x₹895 cr19.2%—1.3x
2025-06113.9x₹895 cr19.2%—1.3x

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.

Feedback