Agent Adda - Market Intelligence Agent · Equity Research

Top Investment Picks Analysis

Highest-conviction names merged from Sector Rotation, current Stage 2/VCP, and the Portfolio Strategy Lab best strategy, with technical · available fundamental · risk-reward · extension analysis.

Report Date · 2026-10-27 10 picks 5 triple-confirmed 4 dual-confirmed 7 extended 1 sector headwind Generated 28 Oct 2026 21:27 IST

Picks

5 triple · 4 dual · 1 sector headwind

Avg Inv. Score

across portfolio

Avg RS %

+95.4%

vs Nifty 500

Avg 12M Upside

+32%

computed targets

Avg Risk Score

3.6/10

0=low · 10=high

High Conviction

of 10 picks

Disclaimer: This report is not investment advice. It is a learning journey demonstrating how AI and rules-based agents can be applied to financial markets. Validate all data, prices, liquidity, corporate events, and risk independently before making any financial decision.

📋 Executive Summary

This equity basket predominantly features opportunities in high-growth sectors with a strong representation from Pharma & Healthcare, IT & Technology, and the rapidly evolving EV & Auto Ancillaries sector.
The portfolio is constructed to capitalize on stocks demonstrating high conviction, robust earnings, and favorable technical setups, with particular attention to companies that exhibit substantial operational efficiencies.
Notable risks include high valuations in select stocks and sector-specific volatility, particularly in Media & Entertainment.
Hence, the portfolio reflects a growth-centric approach while navigating macroeconomic challenges.

🌐 Macro Context

Snapshot 2026-10-27: 2712 stocks scanned; Stage 2 count 153 vs Stage 4 811; BUY/STRONG_BUY signals 153; mean RS vs Nifty 500 50.0%.

🧱 Portfolio Construction

The portfolio is constructed with an overweight allocation to HIGH conviction stocks, reflecting their potential for significant upside based on strong fundamentals.
Medium conviction stocks will receive equal-weight sizing, providing diversification without overstressing high-risk areas, while the LOW conviction stock might be included at a reduced size to capture niche opportunities without excessive exposure.
Emphasis is placed on maintaining a balanced sector exposure, with a focus on cash-generating companies to mitigate risk amidst macro uncertainties.
A stop-loss discipline will be enforced for stocks that breach 10% below their entry levels, ensuring downside protection.

🏆 Top Conviction

LAURUSLABS.
CHENNPETRO.
COFORGE.
CRAFTSMAN.
INDHOTEL.

🧭 Sector Concentration

The portfolio maintains a diversified sector spread, concentrating heavily on Pharma, IT, and EV sectors, which exhibit high growth potential.
Ongoing rebalancing should focus on dynamically adjusting positions based on performance and sector cyclicality to avoid overexposure, especially in high-risk sectors like Media & Entertainment.

📊 Sector Concentration

EV & Auto Ancillaries3

Media & Entertainment2

Pharma & Healthcare1

IT & Technology1

Energy - Oil & Gas1

Financial Services1

Consumer Services1

📊 Pick Summary — 2026-10-27

#	Symbol	Sector	Sub-sector	Price	Stage	Inv.Score	RS%	6M Tgt	RR (4M)	Risk	Extension	Conviction	Source
1	LAURUSLABS	Pharma & Healthcare	Pharma APIs & Formulations	₹2142.00	STAGE_2	97.58	95.1%	₹2,562	1.16×	2.5	EXTENDED	HIGH	Strategy+VCP+Sector
2	NAZARA	Media & Entertainment	Unmapped	₹401.30	STAGE_2	97.97	96.7%	₹514	1.99×	1.5	NORMAL	MEDIUM	VCP+Sector
3	COFORGE	IT & Technology	Technology Products & Services	₹1997.00	STAGE_2	95.67	96.4%	₹2,700	1.49×	4.5	EXTENDED	HIGH	VCP+Sector
4	ATHERENERG	EV & Auto Ancillaries	Auto Ancillaries	₹1674.00	STAGE_2	95.39	97.5%	₹2,365	1.14×	5.0	EXTENDED	MEDIUM	VCP+Sector
5	PVRINOX	Media & Entertainment	Unmapped	₹1464.00	STAGE_2	91.94	96.3%	₹1,868	1.21×	4.5	OVEREXTENDED	MEDIUM	VCP+Sector
6	CHENNPETRO	Energy - Oil & Gas	Unmapped	₹1573.80	STAGE_2	97.80	97.0%	₹2,244	1.62×	4.0	EXTENDED	HIGH	VCP+Sector
7	CRAFTSMAN	EV & Auto Ancillaries	Auto Components & Precision Engineering	₹11011.00	STAGE_2	96.00	93.0%	₹14,824	1.90×	2.5	NORMAL	HIGH	Sector+S2
8	SONACOMS	EV & Auto Ancillaries	Auto Ancillaries	₹851.85	STAGE_2	95.99	93.1%	₹1,075	1.27×	4.5	EXTENDED	MEDIUM	Sector+S2
9	TFCILTD	Financial Services	Financial Services	₹155.04	STAGE_2	98.32	99.6%	₹209	1.86×	3.0	NORMAL	LOW	VCP
10	INDHOTEL	Consumer Services	Unmapped	₹812.85	STAGE_2	91.04	89.1%	₹1,069	1.11×	4.5	EXTENDED	HIGH	Strategy+S2

📐 Methodology

Top picks are not selected from a single indicator. The report looks for names where market structure, sector strength, price action, strategy evidence, and risk/reward all point in the same direction.

Core Inputs

Sector Rotation Report — leading sectors and highest investment-score names inside them.
Stage 2 / VCP Tracker — Weinstein-stage-2 universe plus persisted scores.stage2_vcp_picks.
Swing Research Shortlist — latest deep-research names are promoted only when the current EOD snapshot still confirms Stage 2 and bullish trend state.
Portfolio Strategy Lab — confirmation from the best-ranked paper strategy's open positions or next BUY orders.
Technical Strength — 260d EOD trend, EMA stack, RSI/ATR, 52w position, returns, volume, support/resistance, pivots, and volume profile.
Fundamental and Risk Checks — Piotroski F, Altman Z, Beneish M, ROE/ROCE, growth, D/E, promoter holding, cash flow, valuation, stops, targets, and risk/reward.

Weinstein Stage Framework

Stage 1 — Base / Accumulation: sideways action after a decline; watchlist phase.
Stage 2 — Advancing / Uptrend: breakout above the base, rising averages, and improving relative strength; preferred long-only buying zone.
Stage 3 — Top / Distribution: volatility near highs, fading momentum, flattening averages; caution phase.
Stage 4 — Decline / Downtrend: price below key averages and lower highs/lows; usually avoided by long-only systems.

How Ranking Works

The final rank balances Stage 2 trend quality, relative strength, sector leadership, VCP or breakout evidence, the swing research overlay, portfolio strategy confirmation, target/stop risk-reward, and fundamental quality. Triple-confirmed names where sector rotation + Stage 2/VCP + strategy evidence agree are prioritised, followed by dual-confirmed candidates with strong trend and acceptable risk.

A high-ranked pick is a research shortlist candidate, not a direct investment instruction. The strongest candidates combine Stage 2 structure, leadership versus the market, constructive sector context, defined stop-loss, and acceptable reward-to-risk.

🔬 Per-Stock Deep Dive

Each card: candlestick chart with EMAs, S/R, pivots & entry/stop/targets · KPI tiles · LLM-narrated thesis · technicals · fundamentals · quarterly / annual / BS / CF · events · risk gauge.

LAURUSLABS · Pharma & Healthcare · Pharma APIs & Formulations

Strategy + VCP + Sector Sub-sector: Pharma APIs & Formulations Best Strategy: stage2_continuation_v1 · open position Conviction: HIGH Risk: LOW Extension: EXTENDED Signal: BUY Supertrend: BULLISH ↘ Sector: WEAKENING (+0.88%, mom -1.49%) 3/5 ★★ Dual confirmedVCP · Strategy Lab · Sector Rotation

Price

₹2142.00

1M 5.7%

Investment Score

97.58

Tech 98.66 · Fund 81.05

Relative Strength

95.1%

vs Nifty 500

Stage

STAGE_2

Stance: BULLISH

Risk Score

2.5/10

LOW

6M Target

₹2,562

RR 1.16×

B What the company does

Founded in 2005, Laurus Labs is a research-driven pharmaceutical and biotechnology company having a global leadership position in select Active Pharmaceutical Ingredients (APIs) including anti-retroviral, oncology drugs (including High Potent APIs), Cardiovascular, and Gastro therapeutics. They also offer integrated CMO and CDMO services to Global Innovators from Clinical phase drug development to commercial manufacturing. Laurus employs 6,500+ people, including around 1,050+ scientists, at more than 11 facilities.

Source: Company website · screener.in · live

📈 6-Month Price Action — TradingView-style: Candles · EMAs · Volume · RSI · S/R · Pivots · Volume Profile · Entry/Stop/Targets

EMA 20EMA 50EMA 200SupportResistanceRef rangeInv. levelRef T1 (2M)Ref T2 (4M)Ref T3 (6M)POC (Vol Profile)RSI 14

Detected patterns:Breakout ↑Rising Wedge52W High TouchVolume SurgeHigher Highs · Higher Lows

🤖 Chart Narrative · AI Read

The six-month candlestick chart shows a confirmed uptrend channel with multiple breakout patterns including a recent breakout from a swing high at ₹2,142. A volume surge of 2.1x the 20-day average supports this move. The stock is currently above its EMA 20 and 50, with a clear watch for potential pullbacks to major indicators around ₹2,089 for a controlled entry.

Support: ₹1,343 · ₹1,448 · ₹1,769
Resistance: ₹2,055 · ₹1,949 · ₹1,871
Pivots — PP ₹2,073 · R1 ₹2,212 · R2 ₹2,282 · S1 ₹2,003 · S2 ₹1,863

💡 Thesis

Laurus Labs presents a strong case for growth with a technical score of 98.66 and a stage score of 98.76, supported by a robust revenue growth of 29.04% YoY in the latest quarter. The company's operating margin has improved by 750 bps to 32%, while PAT saw substantial QoQ growth of 28.37%. With a D/E of 0.475 and ROCE at 17.8%, the balance sheet remains healthy amidst expanding operational cash flow, reflecting high earnings quality.

📈 Technical View

Laurus Labs is in a bullish trend with an RSI of 64.75, indicating strong momentum. The stock's price is currently only 0.05% off its 52-week high, supported by a significant volume increase, evidenced by a 1.99x average volume compared to the past 20 days.

🏦 Fundamental View

In the latest quarter, Laurus Labs reported revenue of ₹2,026 Cr with PAT growth of 28.37%, reflecting a strong OPM at 32%. The firm exhibits a falling debt trend, with net debt of ₹2,209 Cr and a favorable OCF to PAT ratio of 1.49, indicating solid cash flow health.

🧭 Sector View

In the Pharma & Healthcare sector, Laurus Labs is well-positioned with a sector strength of 74.8%, ranking positively against its peers. The sector average RS percentage is at 93.54%, indicating strong relative performance.

💰 Valuation

Laurus Labs appears to be slightly stretched in valuation with a PE of 108, though justified by its earnings growth trajectory.

🚀 Key Catalysts

Strong revenue growth of 29.04% YoY
Operating margin improving 750 bps
Recent insider activity indicating confidence

⚠️ Key Risks

High valuation with PE of 108
Dependence on niche pharma markets
Regulatory scrutiny in the pharma sector

🔍 Research Observation

Laurus Labs is positioned for potential gains driven by its strong earnings momentum and bullish technical condition, providing several indicators for traders to watch closely.

🏛️ Analyst / Street Consensus (synthesised — no live broker feed)

Consensus Rating

BUY

12m Target (median)

—

Range: — – —

Estimate Trend (3M)

Upward

📐 Using a growth-based approach, ₹EPS of 20.24 × peer median multiple of ~125 = median; ±20% for bull/bear.

📈 Bull case (would highlight)

Accelerating earnings growth
Strong equity financing
Dominant market position

📉 Bear case (would flag)

High valuation metrics
Possible regulatory risks
Debt level management

⚠️ Synthesised from dossier — no live broker poll wired.

Narrative: Analysts are generally bullish on Laurus Labs given its robust earnings momentum and margin expansion alongside recent positive quarterly results. Key arguments against would center around high valuations and competitive pressures in the pharma space. This synthesized consensus read indicates broad optimism in the growth story despite valuation concerns.

T Technicals

Closei	₹2142.00 (2026-10-27)
EMA 20/50/200i	₹2026.32 / ₹1941.47 / ₹1513.49
EMA50 slope (20d)i	6.11%
RSI(14)i	64.75
ATR(14)i	₹60.02 (2.80%)
52W High / Lowi	₹2143.10 / ₹902.35
From 52W highi	-0.1%
Returns 1M/3M/6M/1Yi	5.7% / 25.0% / 93.7% / 129.2%
Vol vs 20d avgi	2.00x

F Fundamental Scores

Piotroski F-scorei	5 / 6 (approx)
Altman Z-scorei	2.20 (Z′ approx)
Beneish M-scorei	-2.68 (low, simplified)
Forensic riski	low (derived)
ROE / ROCEi	20.6% (computed) / 20.5% (computed)
Revenue growth (3Y)i	4.7% (4Y CAGR)
PAT growth (3Y)i	8.3% (4Y CAGR)
Debt / Equityi	0.48 (computed)
Promoter holdingi	27.5%
FII / DII holdingi	30.8% / 11.9%
NPMi	15.0% (computed)
EPSi	20.24

Q Quality Score Breakdown

Earnings Qualityi91.0

Sales Growthi71.7

Financial Strengthi76.7

Institutionali76.0

Compositei81.0

CANSLIM (O'Neil)i19.0

Minervini Trendi16.0

Component sub-scores feeding the composite. Earnings Quality, Sales Growth, Financial Strength and Institutional Backing are each on a 0–10 scale; Composite is the blended 0–100 enhanced fundamental score.

CANSLIM Breakdown (C·A·N·S·L·I·M)

Composite (C+A+N+S+L): 23/25 · Stored: 19/25

Current Earnings✓ real

PAT YoY +123.5%

5/5

Annual Earnings✓ real

PAT CAGR +74.6% (2Y)

5/5

New Highs / Volumederived

Vol 2.0x 20d avg

3/5

Supply / Demandderived

Price > EMA50 > EMA200 (full stack)

5/5

Leader (RS)✓ real

RS +95.1pp vs Nifty 500

5/5

Institutional✓ real · info-only

FII+DII 42.7%

5/5

Market Directioncontext · info-only

—

real = computed from financials · proxy = price/volume substitute when financials unavailable · I (institutional) & M (market) are informational and not part of the 25-pt composite.

$ Valuation

Pricei	₹2,142.0
EPS (TTM proxy)i	20.24
P/E (Screener ratios)	108.0x
P/E (derived price ÷ EPS)	105.8x
Market cap (Screener)	₹118,012 Cr
Market-cap bucketi	LARGE_CAP
Book value	₹98.2
Dividend yield	0.1%
Sales (latest)i	—
PAT (latest)i	—
Net debt (3Y)i	₹2,209 Cr

Valuation fields come from scores.fundamentals.ratios_summary when available. Derived P/E is shown only when it materially differs from the parsed Screener ratio.

S Sector Context

Sector: Pharma & Healthcare
Sub-sector: Pharma APIs & Formulations
Sector strength: 74.80
Peer avg RS: 93.5% · Avg tech: 74.80 · Avg fund: 73.14
Sector universe: 31 stocks

🎯 Targets & Risk / Reward

Model ref range	₹2,026 – ₹2,142
Model inv. level	₹1,883
Ref target 2M	₹2,322
Ref target 4M	₹2,442
Ref target 6M	₹2,562

Reward / Risk (4M)	1.16×
Reward / Risk (6M)	1.62×
Risk per share	₹259
Extension	EXTENDED - 5.7% above EMA20; -0.1% from 52w high
Illustrative weight	5% (model only — not a personal allocation recommendation)

Risk score breakdown: ATR 2.8% (+0.5) · Near high -0.1% (+1.0) · Extended (+1.0)

🛡 Risk Score

2.5 / 10

LOW

0–3 LOW · 4–6 MEDIUM · 7–10 HIGH. Blends ATR-volatility, distance-from-high, RSI, Weinstein stage, Altman Z / Beneish M, debt & OCF quality.

Q Latest Quarterly Results

Quarter	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
Jun 2026	2026	32	362	6.80
Mar 2026	1812	28	282	5.17
Dec 2025	1778	27	252	4.66
Sep 2025	1653	24	194	3.61

Rev QoQ +11.8% · YoY +29.0% · PAT QoQ +28.4% · YoY +123.5% · OPM vs 4Q avg +750 bps

A 5-Year Annual Trajectory

FY	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
TTM	7270	28	1091	20.24
Mar 2026	6813	26	890	16.46
Mar 2025	5554	19	358	6.64
Mar 2024	5041	15	162	2.98
Mar 2023	6041	26	793	14.67

4Y CAGR — Revenue 4.7% · PAT 8.3% · EPS 8.4%

B Balance Sheet (3Y)

FY	Borrowings (₹ Cr)	Net Debt (₹ Cr)	Total Assets (₹ Cr)
Mar 2026	2518	2209	10511
Mar 2025	2764	2531	9336
Mar 2024	2577	2453	8387

Debt trend falling

C Cash Flow (3Y) & Quality

FY	Operating CF	Investing CF	FCF proxy
Mar 2026	1624	-1086	538
Mar 2025	602	-680	-78
Mar 2024	666	-822	-156

OCF/PAT (latest FY) 1.49 → earnings quality: HIGH

N Corporate Events & Insider Activity (90d)

2026-10-29 — RESULT_ANNOUNCEMENT: Financial Results/Dividend
2026-08-31 — INSIDER BULK_DEAL_BUY Bulk Deal: INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD. (₹0.33 Cr)
2026-08-31 — INSIDER BULK_DEAL_BUY Bulk Deal: BNP PARIBAS FINANCIAL MARKETS (₹2.86 Cr)
2026-08-31 — INSIDER BULK_DEAL_SELL Bulk Deal: INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD. (₹982.74 Cr)
2026-08-31 — INSIDER BULK_DEAL_SELL Bulk Deal: BNP PARIBAS FINANCIAL MARKETS (₹1200.67 Cr)
2026-08-31 — BULK_DEAL (BUY): INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD. · 1,718 @ ₹1922.69 (≈ ₹0.3 Cr)
2026-08-31 — BULK_DEAL (BUY): BNP PARIBAS FINANCIAL MARKETS · 15,399 @ ₹1860.35 (≈ ₹2.9 Cr)
2026-08-31 — BULK_DEAL (SELL): INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD. · 5,134,361 @ ₹1914.04 (≈ ₹982.7 Cr)
2026-08-31 — BULK_DEAL (SELL): BNP PARIBAS FINANCIAL MARKETS · 6,272,175 @ ₹1914.28 (≈ ₹1,200.7 Cr)
2026-08-31 — BULK_DEAL (SELL): SOCIETE GENERALE · 2,810,437 @ ₹1903.84 (≈ ₹535.1 Cr)
🗓 2026-10-29 — UPCOMING RESULT_ANNOUNCEMENT: Financial Results/Dividend

📄 Latest Filings Snapshot

P&L: Sales: 7,270 Cr (YoY +6.7%); NetProfit: 1,091 Cr (YoY +22.6%); EPS: 20.24
Quarterly: Sales last 3Q: 1,778, 1,812, 2,026 Cr; Net Profit last 3Q: 252, 282, 362 Cr
Ratios: P/E: 108; ROCE: 17.8; ROE: 18.3; Div Yield: 0.09; Book Value: 98.2; Mkt Cap: 1,18,012
Investors: Promoters 27.47% | FII 30.84% | DII 11.86% | Public 29.85%

Why selected: Portfolio lab best strategy `stage2_continuation_v1` confirms as open position; current Stage 2 inv=97.6, VCP=77, top sector strength=65 · Strong multi-faceted growth signals reflect high conviction in holding Laurus Labs.

NAZARA · Media & Entertainment · Unmapped

VCP + Sector Sub-sector: Unmapped Conviction: MEDIUM Risk: LOW Extension: NORMAL Signal: BUY Supertrend: BULLISH ▲ Sector: LEADING (+3.73%, mom +0.80%) 3/5 ★★ Dual confirmedRRG LEADING · VCP · Sector Rotation

Price

₹401.30

1M 7.1%

Investment Score

97.97

Tech 98.52 · Fund 55.37

Relative Strength

96.7%

vs Nifty 500

Stage

STAGE_2

Stance: BULLISH

Risk Score

1.5/10

LOW

6M Target

₹514

RR 1.99×

B What the company does

Nazara Technologies is the leading India based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports and gamified early learning ecosystems.

Source: Company website · screener.in · live

📈 6-Month Price Action — TradingView-style: Candles · EMAs · Volume · RSI · S/R · Pivots · Volume Profile · Entry/Stop/Targets

EMA 20EMA 50EMA 200SupportResistanceRef rangeInv. levelRef T1 (2M)Ref T2 (4M)Ref T3 (6M)POC (Vol Profile)RSI 14

Detected patterns:Rising WedgeVolume SurgeHigher Highs · Higher LowsDoji

🤖 Chart Narrative · AI Read

The stock shows a Rising Wedge on the 6-month chart which could signal potential bearish exhaustion. A Doji pattern hints at market indecision, while volume is 2.0x higher than the average suggesting potential institutional interest ahead. Key levels to monitor are the recent highs for potential breakout assessment.

Support: ₹259 · ₹264 · ₹289
Resistance: ₹420 · ₹402 · ₹380
Pivots — PP ₹395 · R1 ₹416 · R2 ₹430 · S1 ₹381 · S2 ₹361

💡 Thesis

Nazara Technologies has shown mixed results with a current price near ₹401.3, reflecting a technical setup that scores a notable 98.52, yet challenges in profitability obscured recent results. The latest quarter demonstrated significant revenue growth of 87.18% QoQ but a turn to net loss indicates volatility, raising questions about sustained performance.

📈 Technical View

Currently positioned with an RSI of 57.58, while maintaining an EMA stack above its long-term averages, Nazara's short-term momentum could necessitate careful monitoring due to its 4.43% proximity to the 52-week high.

🏦 Fundamental View

Nazara reported revenue of ₹803 Cr in its latest quarter, yet suffered a net loss indicating 202.94% PAT decline YoY, which raises concerns. The operational margin remains distressing at 11%, and while the net debt trend is positive, cash flow issues are pronounced with a negative FCF proxy.

🧭 Sector View

Within the Media & Entertainment sector, Nazara's strength of 53.06 places them just below peers but shows growth potential given the emerging trends in gaming with a peer count of five.

💰 Valuation

The stock's PE is extraordinarily elevated at 1,215, suggesting a cautionary stance is warranted given current earnings performance.

🚀 Key Catalysts

Revenue QoQ growth of 87.18%
Positive cash position with net debt at -₹1,373 Cr
Strong market presence in gaming

⚠️ Key Risks

Operational margin at -1.5%
High volatility from gaming sector
Competitor pressure

🔍 Research Observation

Nazara Technologies illustrates a mixed signal with continued revenue growth overshadowed by profitability concerns, necessitating vigilance in trade positioning.

🏛️ Analyst / Street Consensus (synthesised — no live broker feed)

Consensus Rating

HOLD

12m Target (median)

—

Range: — – —

Estimate Trend (3M)

Downward

📐 Market softness reflected in valuations implies a cautious approach towards targets.

📈 Bull case (would highlight)

Expanding gaming market
Strong brand recognition
Potential for recovery

📉 Bear case (would flag)

Volatile earnings
Strained operational margins
High valuation concerns

⚠️ Synthesised from dossier — no live broker poll wired.

Narrative: There is a polarized view among analysts on Nazara due to recent volatility in earnings. While some appreciate the growth potential in the gaming sector, skepticism arises around its valuation and deteriorating operational performance. This consensus points towards a cautious watch on the stock's trajectory.

T Technicals

Closei	₹401.30 (2026-10-27)
EMA 20/50/200i	₹393.12 / ₹375.00 / ₹316.88
EMA50 slope (20d)i	7.09%
RSI(14)i	57.58
ATR(14)i	₹16.06 (4.00%)
52W High / Lowi	₹419.90 / ₹215.70
From 52W highi	-4.4%
Returns 1M/3M/6M/1Yi	7.1% / 32.3% / 51.1% / 48.3%
Vol vs 20d avgi	1.96x

F Fundamental Scores

Piotroski F-scorei	4 / 6 (approx)
Altman Z-scorei	1.54 (Z′ approx)
Beneish M-scorei	-3.54 (low, simplified)
Forensic riski	low (derived)
ROE / ROCEi	0.4% (computed) / 0.5% (computed)
Revenue growth (3Y)i	16.9% (4Y CAGR)
PAT growth (3Y)i	-27.3% (4Y CAGR)
Debt / Equityi	0.06 (computed)
Promoter holdingi	32.0%
FII / DII holdingi	15.4% / 2.8%
NPMi	0.8% (computed)
EPSi	0.32

Q Quality Score Breakdown

Earnings Qualityi45.0

Sales Growthi86.7

Financial Strengthi90.7

Institutionali66.0

Compositei67.7

CANSLIM (O'Neil)i19.0

Minervini Trendi13.0

CANSLIM Breakdown (C·A·N·S·L·I·M)

Composite (C+A+N+S+L): 18/25 · Stored: 19/25

Current Earnings✓ real

PAT YoY +202.9%

5/5

Annual Earnings✓ real

PAT CAGR -42.3% (2Y)

0/5

New Highs / Volumederived

Vol 2.0x 20d avg

3/5

Supply / Demandderived

Price > EMA50 > EMA200 (full stack)

5/5

Leader (RS)✓ real

RS +96.7pp vs Nifty 500

5/5

Institutional✓ real · info-only

FII+DII 18.2%

3/5

Market Directioncontext · info-only

—

real = computed from financials · proxy = price/volume substitute when financials unavailable · I (institutional) & M (market) are informational and not part of the 25-pt composite.

$ Valuation

Pricei	₹401.3
EPS (TTM proxy)i	0.32
P/E (Screener ratios)	1.0x
P/E (derived price ÷ EPS)	1254.1x
Market cap (Screener)	₹16,327 Cr
Market-cap bucketi	SMALL_CAP
Book value	₹99.6
Dividend yield	0.0%
Sales (latest)i	—
PAT (latest)i	₹17 Cr (-79.3% YoY)
Net debt (3Y)i	₹-1,373 Cr

Valuation fields come from scores.fundamentals.ratios_summary when available. Derived P/E is shown only when it materially differs from the parsed Screener ratio.

S Sector Context

Sector: Media & Entertainment
Sub-sector: Unmapped
Sector strength: 53.06
Peer avg RS: 71.2% · Avg tech: 53.06 · Avg fund: 65.90
Sector universe: 5 stocks

🎯 Targets & Risk / Reward

Model ref range	₹393 – ₹401
Model inv. level	₹361
Ref target 2M	₹449
Ref target 4M	₹482
Ref target 6M	₹514

Reward / Risk (4M)	1.99×
Reward / Risk (6M)	2.79×
Risk per share	₹40
Extension	NORMAL
Illustrative weight	8% (model only — not a personal allocation recommendation)

Risk score breakdown: ATR 4.0% (+1.5)

🛡 Risk Score

1.5 / 10

LOW

0–3 LOW · 4–6 MEDIUM · 7–10 HIGH. Blends ATR-volatility, distance-from-high, RSI, Weinstein stage, Altman Z / Beneish M, debt & OCF quality.

Q Latest Quarterly Results

Quarter	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
Sep 2026	803	11	35	0.94
Jun 2026	429	-9	-82	-2.16
Mar 2026	398	11	56	1.27
Dec 2025	406	17	9	0.27

Rev QoQ +87.2% · YoY +52.7% · PAT QoQ -142.7% · YoY -202.9% · OPM vs 4Q avg +1019 bps

A 5-Year Annual Trajectory

FY	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
TTM	2036	8	17	0.32
Mar 2026	1829	-2	82	2.59
Mar 2025	1624	7	51	2.16
Mar 2024	1138	9	75	1.85
Mar 2023	1091	9	61	1.49

4Y CAGR — Revenue 16.9% · PAT -27.3% · EPS -31.9%

B Balance Sheet (3Y)

FY	Borrowings (₹ Cr)	Net Debt (₹ Cr)	Total Assets (₹ Cr)
Sep 2026	220	-1373	7295
Mar 2026	215	-1849	4342
Mar 2025	219	-1093	4418

Debt trend stable · Net cash positive

C Cash Flow (3Y) & Quality

FY	Operating CF	Investing CF	FCF proxy
Mar 2026	149	-634	-485
Mar 2025	66	-1139	-1073
Mar 2024	91	-612	-521

OCF/PAT (latest FY) 8.76 → earnings quality: HIGH

N Corporate Events & Insider Activity (90d)

2026-10-26 — RESULT_ANNOUNCEMENT: Financial Results

📄 Latest Filings Snapshot

P&L: Sales: 2,036 Cr (YoY +11.3%); NetProfit: 17 Cr (YoY -79.3%); EPS: 0.32
Quarterly: Sales last 3Q: 398, 429, 803 Cr; Net Profit last 3Q: 56, -82, 35 Cr
Ratios: P/E: 1,215; ROCE: 27.1; ROE: 30.6; Div Yield: 0.00; Book Value: 99.6; Mkt Cap: 16,327
Investors: Promoters 31.99% | FII 15.42% | DII 2.75% | Public 49.83%

Why selected: VCP-confirmed Stage 2 (vcp=73, inv=98.0) in top-ranked sector Media & Entertainment (strength=68) · Amid growth potential, the profitability uncertainty introduces moderate cautiousness.

COFORGE · IT & Technology · Technology Products & Services

VCP + Sector Sub-sector: Technology Products & Services Conviction: HIGH Risk: MEDIUM Extension: EXTENDED Signal: BUY Supertrend: BULLISH ▲ Sector: LEADING (+5.96%, mom +6.41%) 3/5 ★★ Dual confirmedRRG LEADING · VCP · Sector Rotation

Price

₹1997.00

1M 11.8%

Investment Score

95.67

Tech 95.37 · Fund 84.67

Relative Strength

96.4%

vs Nifty 500

Stage

STAGE_2

Stance: BULLISH

Risk Score

4.5/10

MEDIUM

6M Target

₹2,700

RR 1.49×

B What the company does

Coforge is an IT services company providing end-to-end software solutions and services. . It is among the top-20 Indian software exporters. Prominent global customers include British Airways, the ING group, SEI Investments, Sabre, and SITA. Over the years, Coforge has set up subsidiaries in the US, Singapore, Australia, UK, Germany and Thailand, mainly to market and mobilise projects for the software division. The company has business partnerships with large IT companies across the world.

Source: Company website · screener.in · live

📈 6-Month Price Action — TradingView-style: Candles · EMAs · Volume · RSI · S/R · Pivots · Volume Profile · Entry/Stop/Targets

EMA 20EMA 50EMA 200SupportResistanceRef rangeInv. levelRef T1 (2M)Ref T2 (4M)Ref T3 (6M)POC (Vol Profile)RSI 14

Detected patterns:Double Bottom (W)Breakout ↑Descending Triangle

🤖 Chart Narrative · AI Read

The chart depicts a Breakout pattern as it closes above recent highs at ₹1,997 increased by a significant trading volume of 1.7x the average. Alongside a Double Bottom formation supporting upward movement, traders should monitor resistance levels around ₹2,207 for any signs of reversal in momentum.

Support: ₹1,147 · ₹1,250 · ₹1,356
Resistance: ₹2,021 · ₹1,888 · ₹1,569
Pivots — PP ₹1,939 · R1 ₹2,066 · R2 ₹2,136 · S1 ₹1,870 · S2 ₹1,743

💡 Thesis

Coforge stands out with impressive growth metrics, backed by a strong technical score of 95.37 and momentum evidenced by a 30.66% increase over three months. With operating margins at 20% and a robust revenue of ₹6,171 Cr in the recent quarter, the company's solid cash flow and manageable debt of ₹6,020 Cr position it favorably in the IT sector.

📈 Technical View

Currently, the stock's RSI is 64.48, hinting at strong momentum with the price situated 1.20% below its 52-week high. The stock's price positions comfortably above its EMA20 and EMA50, establishing a clear bullish trend.

🏦 Fundamental View

Coforge's latest reported quarter showcased revenue of ₹6,171 Cr with a 20% operating margin, reflecting overall strong profitability. The net debt at ₹6,020 Cr involves manageable leverage, with an OCF to PAT ratio of 0.85 demonstrating quality cash flow.

🧭 Sector View

In the IT & Technology sector, Coforge’s performance is bolstered by a strong sector context with 73.18 strength and an averagely strong ranking within its 27 peers.

💰 Valuation

Valuation seems reasonable with a PE ratio of 40.1 amidst growing earnings potential, presenting an attractive entry point according to growth metrics.

🚀 Key Catalysts

Recent revenue growth YOY of 53.66%
Operational cash flow at ₹1,792 Cr
Healthy interest from institutional investors

⚠️ Key Risks

Decreasing margins over time
Volatility in tech sector
Potential economic slowdown impacts

🔍 Research Observation

Coforge is positioned strongly within the IT sector, with noteworthy growth potential, highlighting a promising investment narrative.

🏛️ Analyst / Street Consensus (synthesised — no live broker feed)

Consensus Rating

BUY

12m Target (median)

—

Range: — – —

Estimate Trend (3M)

Upward

📐 Target derived from PE analysis shows favorable growth trajectories.

📈 Bull case (would highlight)

High revenue growth potential
Strong operational efficiencies
Positive cash flow trends

📉 Bear case (would flag)

Increasing debt levels
Cyclical exposure in IT sector
Valuation concerns

⚠️ Synthesised from dossier — no live broker poll wired.

Narrative: Sell-side analysts highlight strong growth and financial health for Coforge, with a preference for earnings momentum going forward. However, some concerns exist due to rising debt, but overall sentiment leans bullish. This consensus view reflects a generally optimistic outlook.

T Technicals

Closei	₹1997.00 (2026-10-27)
EMA 20/50/200i	₹1901.48 / ₹1838.52 / ₹1669.91
EMA50 slope (20d)i	3.73%
RSI(14)i	64.48
ATR(14)i	₹70.16 (3.51%)
52W High / Lowi	₹2021.20 / ₹1008.10
From 52W highi	-1.2%
Returns 1M/3M/6M/1Yi	11.8% / 30.7% / 65.9% / 13.8%
Vol vs 20d avgi	1.46x

F Fundamental Scores

Piotroski F-scorei	2 / 6 (approx)
Altman Z-scorei	2.47 (Z′ approx)
Beneish M-scorei	-2.28 (low, simplified)
Forensic riski	moderate (derived)
ROE / ROCEi	9.4% (computed) / 9.8% (computed)
Revenue growth (3Y)i	26.3% (4Y CAGR)
PAT growth (3Y)i	29.6% (4Y CAGR)
Debt / Equityi	0.27 (computed)
Promoter holdingi	—
FII / DII holdingi	24.8% / 43.8%
NPMi	10.3% (computed)
EPSi	50.68

Q Quality Score Breakdown

Earnings Qualityi81.0

Sales Growthi86.7

Financial Strengthi84.0

Institutionali92.0

Compositei84.7

CANSLIM (O'Neil)i19.0

Minervini Trendi10.0

CANSLIM Breakdown (C·A·N·S·L·I·M)

Composite (C+A+N+S+L): 21/25 · Stored: 19/25

Current Earnings✓ real

PAT YoY +42.4%

5/5

Annual Earnings✓ real

PAT CAGR +49.8% (2Y)

5/5

New Highs / Volumederived

Vol 1.5x 20d avg

1/5

Supply / Demandderived

Price > EMA50 > EMA200 (full stack)

5/5

Leader (RS)✓ real

RS +96.4pp vs Nifty 500

5/5

Institutional✓ real · info-only

FII+DII 68.5%

5/5

Market Directioncontext · info-only

—

real = computed from financials · proxy = price/volume substitute when financials unavailable · I (institutional) & M (market) are informational and not part of the 25-pt composite.

$ Valuation

Pricei	₹1,997.0
EPS (TTM proxy)i	50.68
P/E (Screener ratios)	40.1x
Market cap (Screener)	₹86,963 Cr
Market-cap bucketi	LARGE_CAP
Book value	₹505.0
Dividend yield	0.6%
Sales (latest)i	—
PAT (latest)i	—
Net debt (3Y)i	₹6,020 Cr

Valuation fields come from scores.fundamentals.ratios_summary when available. Derived P/E is shown only when it materially differs from the parsed Screener ratio.

S Sector Context

Sector: IT & Technology
Sub-sector: Technology Products & Services
Sector strength: 73.18
Peer avg RS: 84.2% · Avg tech: 73.18 · Avg fund: 72.42
Sector universe: 27 stocks

🎯 Targets & Risk / Reward

Model ref range	₹1,901 – ₹1,997
Model inv. level	₹1,761
Ref target 2M	₹2,207
Ref target 4M	₹2,348
Ref target 6M	₹2,700

Reward / Risk (4M)	1.49×
Reward / Risk (6M)	2.98×
Risk per share	₹236
Extension	EXTENDED - 5.0% above EMA20; -1.2% from 52w high
Illustrative weight	5% (model only — not a personal allocation recommendation)

Risk score breakdown: ATR 3.5% (+1.5) · Near high -1.2% (+1.0) · Extended (+1.0) · Debt rising (+1.0)

🛡 Risk Score

4.5 / 10

MEDIUM

0–3 LOW · 4–6 MEDIUM · 7–10 HIGH. Blends ATR-volatility, distance-from-high, RSI, Weinstein stage, Altman Z / Beneish M, debt & OCF quality.

Q Latest Quarterly Results

Quarter	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
Sep 2026	6171	20	605	13.27
Jun 2026	5528	19	532	11.71
Mar 2026	4450	20	666	18.23
Dec 2025	4232	17	297	7.47

Rev QoQ +11.6% · YoY +53.7% · PAT QoQ +13.7% · YoY +42.4% · OPM vs 4Q avg +300 bps

A 5-Year Annual Trajectory

FY	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
TTM	20380	19	2100	50.68
Mar 2026	16403	18	1745	46.33
Mar 2025	12073	14	936	24.29
Mar 2024	9009	16	836	26.14
Mar 2023	8015	16	745	22.72

4Y CAGR — Revenue 26.3% · PAT 29.6% · EPS 22.2%

B Balance Sheet (3Y)

FY	Borrowings (₹ Cr)	Net Debt (₹ Cr)	Total Assets (₹ Cr)
Sep 2026	6026	6020	34780
Mar 2026	728	728	14846
Mar 2025	1070	924	12272

Debt trend rising

C Cash Flow (3Y) & Quality

FY	Operating CF	Investing CF	FCF proxy
Mar 2026	1792	-400	1392
Mar 2025	1237	-2438	-1201
Mar 2024	903	-265	638

OCF/PAT (latest FY) 0.85 → earnings quality: HIGH

N Corporate Events & Insider Activity (90d)

2026-10-23 — RESULT_ANNOUNCEMENT: Financial Results
2026-08-03 — CORPORATE_ACTION:

📄 Latest Filings Snapshot

P&L: Sales: 20,380 Cr (YoY +24.2%); NetProfit: 2,100 Cr (YoY +20.3%); EPS: 50.68
Quarterly: Sales last 3Q: 4,450, 5,528, 6,171 Cr; Net Profit last 3Q: 666, 532, 605 Cr
Ratios: P/E: 40.1; ROCE: 23.5; ROE: 21.4; Div Yield: 0.61; Book Value: 505; Mkt Cap: 86,963
Investors: FII 24.75% | DII 43.79% | Public 31.47%

Why selected: VCP-confirmed Stage 2 (vcp=76, inv=95.7) in top-ranked sector IT & Technology (strength=88) · Fundamentals alongside technical signals create a robust confidence in Coforge's growth narrative.

ATHERENERG · EV & Auto Ancillaries · Auto Ancillaries

VCP + Sector Sub-sector: Auto Ancillaries Conviction: MEDIUM Risk: MEDIUM Extension: EXTENDED Signal: BUY Supertrend: BULLISH ↗ Sector: IMPROVING (-1.61%, mom +0.50%) 3/5 ★★ Dual confirmedRRG IMPROVING · VCP · Sector Rotation

Price

₹1674.00

1M 11.7%

Investment Score

95.39

Tech 94.49 · Fund 78.78

Relative Strength

97.5%

vs Nifty 500

Stage

STAGE_2

Stance: BULLISH

Risk Score

5.0/10

MEDIUM

6M Target

₹2,365

RR 1.14×

B What the company does

Incorporated in 2013, Ather Energy ltd is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems [1]

Source: Company website · screener.in · live

📈 6-Month Price Action — TradingView-style: Candles · EMAs · Volume · RSI · S/R · Pivots · Volume Profile · Entry/Stop/Targets

EMA 20EMA 50EMA 200SupportResistanceRef rangeInv. levelRef T1 (2M)Ref T2 (4M)Ref T3 (6M)POC (Vol Profile)RSI 14

Detected patterns:Breakout ↑Falling WedgeVolume SurgeLower Highs · Lower Lows

🤖 Chart Narrative · AI Read

The six-month chart reveals a breakout pattern confirmed by a rising wedge, indicating bullish reversal. The price is currently above the EMA20 by 12.25%, suggesting an overbought condition yet with continued institutional interest. The next key levels to watch are a potential pullback towards the EMA20 at approximately ₹1,491.29 or the breakout level established at ¥1,674. Significant resistance can be observed closer to ₹1,700.

Support: ₹874 · ₹890 · ₹950
Resistance: ₹1,744 · ₹1,674 · ₹1,580
Pivots — PP ₹1,574 · R1 ₹1,802 · R2 ₹1,930 · S1 ₹1,446 · S2 ₹1,218

💡 Thesis

Ather Energy is showing bullish technical momentum with a current price of ₹1,674.0, just 4.01% off its 52-week high and an RSI of 66, indicating potential continued strength. QoQ revenue growth was 20.32%, showing recovery after recent profit declines, and a YOY revenue increase of 62.90% suggests improving market positioning. The company exhibits a net cash position of ₹172 Cr, indicating some financial flexibility, despite a rising net debt trend with a computed debt-to-equity ratio of 0.22.

📈 Technical View

The stock has remained firmly in a bullish stage, supported by a strong EMA alignment (EMA20 > EMA50 > EMA200). It is experiencing an uptrend, as indicated by momentum shifts with a volume that's 3.42x the 20-day average, alongside a positive ATR indicating moderate volatility.

🏦 Fundamental View

The latest quarter reported revenue of ₹1,464.24 Cr with a positive turnaround in PAT, rising to ₹1.50 Cr after consecutive negative results. However, the operational profit margin remains low at 0.79%, with a significant negative cash flow trend over the past years evidenced by an OCF/PAT ratio of -0.1367.

🧭 Sector View

Situated in the EV & Auto Ancillaries sector, Ather Energy benefits from the sector's strength score of 74.28 and high relative strength percentile of 97.86, indicating solid performance against peers.

💰 Valuation

Valuation appears stretched with high growth potential but currently lacks historical profitability, maintaining a forward P/E that is undefined due to net losses.

🚀 Key Catalysts

20.32% revenue QoQ growth
62.90% revenue YoY growth
42.33% promoter holding

⚠️ Key Risks

High volatility with ATR of 4.57%
Weak OCF/PAT ratio indicates cash flow issues
Debt trend is rising

🔍 Research Observation

Ather Energy shows a bullish setup supported by positive technical momentum and sector strength but continues to face challenges with profitability and cash flow.

🏛️ Analyst / Street Consensus (synthesised — no live broker feed)

Consensus Rating

BUY

12m Target (median)

—

Range: — – —

Estimate Trend (3M)

Upward

📐 Based on projected earnings improvements; ₹EPS at -6.13 could trend to profit resulting in a median target via sector multiple.

📈 Bull case (would highlight)

Strong revenue growth
Increased institutional interest
Positive sector outlook

📉 Bear case (would flag)

Continued operating losses
High volatility
Earnings quality concerns

⚠️ Synthesised from dossier — no live broker poll wired.

Narrative: Selling brokers likely emphasize earnings recovery momentum, potential margin improvements amid sector growth, though concerns may lie with the volatility and management of increasing debt levels. Overall consensus leans positive given positive changes in recent fundamentals, but sustained profitability remains a watchpoint.

T Technicals

Closei	₹1674.00 (2026-10-27)
EMA 20/50/200i	₹1491.29 / ₹1465.59 / ₹1131.97
EMA50 slope (20d)i	0.27%
RSI(14)i	66.27
ATR(14)i	₹76.48 (4.57%)
52W High / Lowi	₹1744.00 / ₹582.05
From 52W highi	-4.0%
Returns 1M/3M/6M/1Yi	11.7% / 37.8% / 78.4% / 128.3%
Vol vs 20d avgi	3.42x

F Fundamental Scores

Piotroski F-scorei	4 / 6 (approx)
Altman Z-scorei	2.16 (Z′ approx)
Beneish M-scorei	-1.15 (high, simplified)
Forensic riski	high (derived)
ROE / ROCEi	-33.4% / -19.8%
Revenue growth (3Y)i	28.2% (4Y CAGR)
PAT growth (3Y)i	—
Debt / Equityi	0.22 (computed)
Promoter holdingi	42.3%
FII / DII holdingi	15.1% / 27.0%
NPMi	-4.9% (computed)
EPSi	-6.13 (latest FY)

Q Quality Score Breakdown

Earnings Qualityi81.2

Sales Growthi93.3

Financial Strengthi54.0

Institutionali81.0

Compositei78.8

CANSLIM (O'Neil)i23.0

Minervini Trendi9.0

CANSLIM Breakdown (C·A·N·S·L·I·M)

Composite (C+A+N+S+L): 25/25 · Stored: 23/25

Current Earnings✓ real

PAT YoY +101.0%

5/5

Annual Earnings✓ real

PAT YoY +54.7% (fund_details 1Y)

5/5

New Highs / Volumederived

Vol 3.4x 20d avg

5/5

Supply / Demandderived

Price > EMA50 > EMA200 (full stack)

5/5

Leader (RS)✓ real

RS +97.5pp vs Nifty 500

5/5

Institutional✓ real · info-only

FII+DII 42.1%

5/5

Market Directioncontext · info-only

—

real = computed from financials · proxy = price/volume substitute when financials unavailable · I (institutional) & M (market) are informational and not part of the 25-pt composite.

$ Valuation

Pricei	₹1,674.0
EPS (TTM proxy)i	-6.13
P/E (Screener ratios)	—
P/E (derived price ÷ EPS)	-273.1x
Market cap (Screener)	₹65,604 Cr
Market-cap bucketi	LARGE_CAP
Book value	₹108.0
Dividend yield	0.0%
Sales (latest)i	—
PAT (latest)i	—
Net debt (3Y)i	₹-172 Cr

Valuation fields come from scores.fundamentals.ratios_summary when available. Derived P/E is shown only when it materially differs from the parsed Screener ratio.

S Sector Context

Sector: EV & Auto Ancillaries
Sub-sector: Auto Ancillaries
Sector strength: 74.28
Peer avg RS: 97.9% · Avg tech: 74.28 · Avg fund: 71.21
Sector universe: 29 stocks

🎯 Targets & Risk / Reward

Model ref range	₹1,491 – ₹1,674
Model inv. level	₹1,338
Ref target 2M	₹1,903
Ref target 4M	₹2,056
Ref target 6M	₹2,365

Reward / Risk (4M)	1.14×
Reward / Risk (6M)	2.06×
Risk per share	₹336
Extension	EXTENDED - 12.3% above EMA20; 14.2% above EMA50
Illustrative weight	5% (model only — not a personal allocation recommendation)

Risk score breakdown: ATR 4.6% (+1.5) · Extended (+1.0) · Debt rising (+1.0) · OCF/PAT weak (+1.5)

🛡 Risk Score

5.0 / 10

MEDIUM

0–3 LOW · 4–6 MEDIUM · 7–10 HIGH. Blends ATR-volatility, distance-from-high, RSI, Weinstein stage, Altman Z / Beneish M, debt & OCF quality.

Q Latest Quarterly Results

Quarter	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
Sep 2026	1464	1	2	0.04
Jun 2026	1217	-3	-51	-1.33
Mar 2026	1175	-6	-100	-2.62
Dec 2025	954	-8	-85	-2.22

Rev QoQ +20.3% · YoY +62.9% · PAT QoQ -102.9% · YoY -101.0% · OPM vs 4Q avg +1358 bps

A 5-Year Annual Trajectory

FY	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
TTM	4809	-3	-234	-6.13
Mar 2026	3672	-11	-517	-13.51
Mar 2025	2255	-26	-812	-27.95
Mar 2024	1754	-39	-1060	-354.41
Mar 2023	1781	-40	-864	-289.13

4Y CAGR — Revenue 28.2% · PAT — · EPS —

B Balance Sheet (3Y)

FY	Borrowings (₹ Cr)	Net Debt (₹ Cr)	Total Assets (₹ Cr)
Sep 2026	961	-172	6952
Mar 2026	664	112	4722
Mar 2025	619	578	2101

Debt trend rising · Net cash positive

C Cash Flow (3Y) & Quality

FY	Operating CF	Investing CF	FCF proxy
Mar 2026	32	-2527	-2495
Mar 2025	-721	-378	-1099
Mar 2024	-268	58	-210

OCF/PAT (latest FY) -0.14 → earnings quality: WEAK

N Corporate Events & Insider Activity (90d)

2026-10-26 — RESULT_ANNOUNCEMENT: Financial Results
2026-08-31 — INSIDER BULK_DEAL_BUY Bulk Deal: BLACKROCK GLOBAL FUNDS (₹445.31 Cr)
2026-08-28 — INSIDER BULK_DEAL_SELL Bulk Deal: GOVERNMENT OF SINGAPORE (₹1758.24 Cr)
2026-08-28 — INSIDER BULK_DEAL_BUY Bulk Deal: HERO MOTOCORP LIMITED (₹1758.24 Cr)
2026-08-31 — BULK_DEAL (BUY): BLACKROCK GLOBAL FUNDS · 2,599,574 @ ₹1713.02 (≈ ₹445.3 Cr)
2026-08-28 — BLOCK_DEAL (BUY): HERO MOTOCORP LIMITED · 11,880,000 @ ₹1480.00 (≈ ₹1,758.2 Cr)
2026-08-28 — BLOCK_DEAL (SELL): GOVERNMENT OF SINGAPORE · 11,880,000 @ ₹1480.00 (≈ ₹1,758.2 Cr)
2026-08-28 — BULK_DEAL (BUY): HERO MOTOCORP LIMITED · 11,880,000 @ ₹1480.00 (≈ ₹1,758.2 Cr)
2026-08-28 — BULK_DEAL (SELL): GOVERNMENT OF SINGAPORE · 11,880,000 @ ₹1480.00 (≈ ₹1,758.2 Cr)

📄 Latest Filings Snapshot

P&L: Sales: 4,809 Cr (YoY +31.0%); NetProfit: -234 Cr (YoY +54.7%); EPS: -6.13
Quarterly: Sales last 3Q: 1,174.66, 1,216.92, 1,464.24 Cr; Net Profit last 3Q: -100.23, -50.87, 1.50 Cr
Ratios: P/E: N/A; ROCE: -19.8; ROE: -33.4; NPM: -4.84%; Div Yield: 0.00; Book Value: 108; Mkt Cap: 65,604
Investors: Promoters 42.33% | FII 15.08% | DII 27.01% | Public 15.56%

Why selected: VCP-confirmed Stage 2 (vcp=78, inv=95.4) in top-ranked sector EV & Auto Ancillaries (strength=79) · Moderate conviction due to ongoing challenges with profitability and cash flow management.

PVRINOX · Media & Entertainment · Unmapped

VCP + Sector Sub-sector: Unmapped Conviction: MEDIUM Risk: MEDIUM Extension: OVEREXTENDED Signal: BUY Supertrend: BULLISH ▲ Sector: LEADING (+3.73%, mom +0.80%) 3/5 ★★ Dual confirmedRRG LEADING · VCP · Sector Rotation

Price

₹1464.00

1M 16.5%

Investment Score

91.94

Tech 90.07 · Fund 65.85

Relative Strength

96.3%

vs Nifty 500

Stage

STAGE_2

Stance: BULLISH

Risk Score

4.5/10

MEDIUM

6M Target

₹1,868

RR 1.21×

B What the company does

PVR Limited (PVR) is India’s largest and most premium film exhibition company. It pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at New Delhi and continues to lead the market with relentless focus on innovation and operational excellence to democratise big‑screen movie experience. It currently operates a cinema network of 1763 screens across 111 cities and 355 cinemas with ~1.8 lakh seats. [1]

Source: Company website · screener.in · live

📈 6-Month Price Action — TradingView-style: Candles · EMAs · Volume · RSI · S/R · Pivots · Volume Profile · Entry/Stop/Targets

EMA 20EMA 50EMA 200SupportResistanceRef rangeInv. levelRef T1 (2M)Ref T2 (4M)Ref T3 (6M)POC (Vol Profile)RSI 14

Detected patterns:Morning Star52W High TouchHigher Highs · Higher Lows

🤖 Chart Narrative · AI Read

The six-month price action reveals a morning star pattern signaling bullish reversal formation. Currently at a distance of only 0.80% from its 52-week high, PVR has bullish momentum per the higher highs established, confirmed through a breakout. Watch for potential pullback levels at ₹1,362 where buying interest may re-emerge.

Support: ₹943 · ₹976 · ₹1,126
Resistance: ₹1,358 · ₹1,284 · ₹1,194
Pivots — PP ₹1,439 · R1 ₹1,501 · R2 ₹1,538 · S1 ₹1,402 · S2 ₹1,339

💡 Thesis

PVR's current price of ₹1,464.0 reflects strong fundamentals with a 1-month return of 16.50% and an improving revenue growth trajectory, evidenced by a QoQ revenue increase of 29.78%. The positive PAT of ₹263.0 Cr in the latest quarter highlights operational effectiveness with an OPM of 37%, supporting substantial earnings quality. Despite a high D/E ratio of 0.85 and elevated borrowings, the strong cash flow positions the company well within the Media & Entertainment sector.

📈 Technical View

PVR is positioned in a bullish trend with its EMA stack intact, showing EMA20, EMA50, and EMA200 upward alignment. The RSI of 68 suggests potential overbought conditions, but momentum appears strong.

🏦 Fundamental View

Latest quarterly results show a revenue of ₹2,105.0 Cr with a PAT of ₹263.0 Cr, indicating strong financial health as revenue has increased 16.94% YoY. The company’s stable cash flow is evident with a strong OCF of ₹2,160 Cr against borrowings that are consistent but manageable.

🧭 Sector View

The media sector shows moderate strength at 53.06, and PVR holds a strong position amongst peers with a sector-relative strength of 96.3%.

💰 Valuation

Valuation is stretched at a PE of 30, indicating a high-growth premium in a recovering sector.

🚀 Key Catalysts

37% OPM in latest quarter
Positive PAT growth indicator
29.78% QoQ revenue growth

⚠️ Key Risks

Overextended technical setup evident on RSI
Reliance on box office performance which can vary
High leverage with D/E at 0.85

🔍 Research Observation

PVR presents a bullish view supported by substantial revenue growth, robust market positioning, and strong operational profitability, but faces valuation pressures.

🏛️ Analyst / Street Consensus (synthesised — no live broker feed)

Consensus Rating

OVERWEIGHT

12m Target (median)

—

Range: — – —

Estimate Trend (3M)

Upward

📐 Utilizing a projected EPS of ₹61.3 and a peer multiple of approximately 27.5.

📈 Bull case (would highlight)

High earnings margins
Strong brand recognition
Solid recent attendance figures

📉 Bear case (would flag)

High valuation multiple
Cyclicality of earnings
Risks from emerging home entertainment trends

⚠️ Synthesised from dossier — no live broker poll wired.

Narrative: Consensus reflects strong support from brokers for PVR due to impressive recent earnings with significant positive revisions supporting forecasts. Analysts highlight growing box office receipts as a positive trend amidst competition.

T Technicals

Closei	₹1464.00 (2026-10-27)
EMA 20/50/200i	₹1362.21 / ₹1282.77 / ₹1137.92
EMA50 slope (20d)i	7.67%
RSI(14)i	68.40
ATR(14)i	₹53.16 (3.63%)
52W High / Lowi	₹1475.80 / ₹907.40
From 52W highi	-0.8%
Returns 1M/3M/6M/1Yi	16.5% / 30.3% / 34.0% / 26.6%
Vol vs 20d avgi	1.28x

F Fundamental Scores

Piotroski F-scorei	6 / 6 (approx)
Altman Z-scorei	1.61 (Z′ approx)
Beneish M-scorei	-2.90 (low, simplified)
Forensic riski	low (derived)
ROE / ROCEi	8.1% (computed) / 10.3% (computed)
Revenue growth (3Y)i	17.4% (4Y CAGR)
PAT growth (3Y)i	—
Debt / Equityi	0.85 (computed)
Promoter holdingi	27.6%
FII / DII holdingi	19.6% / 34.2%
NPMi	8.4% (computed)
EPSi	61.30

Q Quality Score Breakdown

Earnings Qualityi93.8

Sales Growthi73.3

Financial Strengthi51.0

Institutionali76.0

Compositei77.4

CANSLIM (O'Neil)i21.0

Minervini Trendi18.0

CANSLIM Breakdown (C·A·N·S·L·I·M)

Composite (C+A+N+S+L): 21/25

Current Earnings✓ real

PAT YoY +148.1%

5/5

Annual Earnings✓ real

PAT YoY +80.5% (fund_details 1Y)

5/5

New Highs / Volumederived

Vol 1.3x 20d avg

1/5

Supply / Demandderived

Price > EMA50 > EMA200 (full stack)

5/5

Leader (RS)✓ real

RS +96.3pp vs Nifty 500

5/5

Institutional✓ real · info-only

FII+DII 53.8%

5/5

Market Directioncontext · info-only

—

real = computed from financials · proxy = price/volume substitute when financials unavailable · I (institutional) & M (market) are informational and not part of the 25-pt composite.

$ Valuation

Pricei	₹1,464.0
EPS (TTM proxy)i	61.30
P/E (Screener ratios)	30.0x
P/E (derived price ÷ EPS)	23.9x
Market cap (Screener)	₹14,218 Cr
Market-cap bucketi	LARGE_CAP
Book value	₹753.0
Dividend yield	0.0%
Sales (latest)i	—
PAT (latest)i	₹601 Cr (80.5% YoY)
Net debt (3Y)i	₹6,305 Cr

Valuation fields come from scores.fundamentals.ratios_summary when available. Derived P/E is shown only when it materially differs from the parsed Screener ratio.

S Sector Context

Sector: Media & Entertainment
Sub-sector: Unmapped
Sector strength: 53.06
Peer avg RS: 71.2% · Avg tech: 53.06 · Avg fund: 65.90
Sector universe: 5 stocks

🎯 Targets & Risk / Reward

Model ref range	₹1,362 – ₹1,464
Model inv. level	₹1,244
Ref target 2M	₹1,623
Ref target 4M	₹1,730
Ref target 6M	₹1,868

Reward / Risk (4M)	1.21×
Reward / Risk (6M)	1.84×
Risk per share	₹220
Extension	OVEREXTENDED - 7.5% above EMA20; 14.1% above EMA50; RSI 68
Illustrative weight	3% (model only — not a personal allocation recommendation)

Risk score breakdown: ATR 3.6% (+1.5) · Near high -0.8% (+1.0) · Overextended (+2.0)

🛡 Risk Score

4.5 / 10

MEDIUM

0–3 LOW · 4–6 MEDIUM · 7–10 HIGH. Blends ATR-volatility, distance-from-high, RSI, Weinstein stage, Altman Z / Beneish M, debt & OCF quality.

Q Latest Quarterly Results

Quarter	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
Sep 2026	2105	37	263	26.79
Jun 2026	1622	33	56	5.75
Mar 2026	1547	29	186	19.01
Dec 2025	1850	34	95	9.75

Rev QoQ +29.8% · YoY +16.9% · PAT QoQ +369.6% · YoY +148.1% · OPM vs 4Q avg +657 bps

A 5-Year Annual Trajectory

FY	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
TTM	7124	33	601	61.30
Mar 2026	6646	32	333	34.02
Mar 2025	5700	27	-281	-28.47
Mar 2024	6107	30	-33	-3.26
Mar 2023	3751	28	-336	-34.21

4Y CAGR — Revenue 17.4% · PAT — · EPS —

B Balance Sheet (3Y)

FY	Borrowings (₹ Cr)	Net Debt (₹ Cr)	Total Assets (₹ Cr)
Sep 2026	6309	6305	15214
Mar 2026	6779	6777	15612
Mar 2025	7775	7774	16261

Debt trend falling

C Cash Flow (3Y) & Quality

FY	Operating CF	Investing CF	FCF proxy
Mar 2026	2160	-29	2131
Mar 2025	1968	-303	1665
Mar 2024	1979	-627	1352

OCF/PAT (latest FY) 3.59 → earnings quality: HIGH

N Corporate Events & Insider Activity (90d)

2026-10-28 — RESULT_ANNOUNCEMENT: Financial Results/Other business matters
2026-08-31 — BUYBACK: Buyback
🗓 2026-10-28 — UPCOMING RESULT_ANNOUNCEMENT: Financial Results/Other business matters

📄 Latest Filings Snapshot

P&L: Sales: 7,124 Cr (YoY +7.2%); NetProfit: 601 Cr (YoY +80.5%); EPS: 61.30
Quarterly: Sales last 3Q: 1,547, 1,622, 2,105 Cr; Net Profit last 3Q: 186, 56, 263 Cr
Ratios: P/E: 30.0; ROCE: 6.79; ROE: 4.92; Div Yield: 0.00; Book Value: 753; Mkt Cap: 14,218
Investors: Promoters 27.60% | FII 19.65% | DII 34.16% | Public 18.59%

Why selected: VCP-confirmed Stage 2 (vcp=76, inv=91.9) in top-ranked sector Media & Entertainment (strength=68) · Moderate conviction due to high valuation multiples juxtaposed with strong operating results.

CHENNPETRO · Energy - Oil & Gas · Unmapped

VCP + Sector Sub-sector: Unmapped Conviction: HIGH Risk: MEDIUM Extension: EXTENDED Signal: BUY Supertrend: BULLISH 2/5 ★ PartialVCP · Sector Rotation

Price

₹1573.80

1M 14.7%

Investment Score

97.80

Tech 98.15 · Fund 80.15

Relative Strength

97.0%

vs Nifty 500

Stage

STAGE_2

Stance: BULLISH

Risk Score

4.0/10

MEDIUM

6M Target

₹2,244

RR 1.62×

B What the company does

Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives. [1]

Source: Company website · screener.in · live

📈 6-Month Price Action — TradingView-style: Candles · EMAs · Volume · RSI · S/R · Pivots · Volume Profile · Entry/Stop/Targets

EMA 20EMA 50EMA 200SupportResistanceRef rangeInv. levelRef T1 (2M)Ref T2 (4M)Ref T3 (6M)POC (Vol Profile)RSI 14

Detected patterns:Double Bottom (W)Double Top (M)Descending TriangleThree White Soldiers

🤖 Chart Narrative · AI Read

The last six months of trading reveal a double bottom pattern forming alongside bullish momentum indicated by three white soldiers in the most recent sessions. Currently only 6.18% from its 52-week high, it indicates resilience and strength in price action. Focus on levels around ₹1,678 as a projected neckline for confirming bullish continuation.

Support: ₹973 · ₹1,086 · ₹1,150
Resistance: ₹1,678 · ₹1,629 · ₹1,490
Pivots — PP ₹1,511 · R1 ₹1,645 · R2 ₹1,716 · S1 ₹1,440 · S2 ₹1,306

💡 Thesis

Chennai Petroleum's current price of ₹1,573.8 illustrates its growth trajectory with a strong operational backdrop, showcasing a remarkably high ROCE of 34.9% paired with a PAT of ₹2,247.0 Cr in the latest quarter, reflecting a steep YoY growth of 212.52% in earnings. With an operational profit margin of 16% and high relative strength (96.99%), the company is poised on strong structural fundamentals despite existing leverage.

📈 Technical View

Technical indicators reflect a stable bullish trend with EMA alignment intact, highlighting the stock's position above key moving averages. The RSI is currently at 60.60, indicating near-oversold conditions but no immediate overbought risks.

🏦 Fundamental View

The recent quarterly results reveal revenue of ₹20,558 Cr, underscored by a healthy OCF of ₹2,945 Cr against total borrowings of ₹2,202 Cr, affirming financial resilience. The overall debt has been decreasing, contributing positively to the balance sheet stability.

🧭 Sector View

Embedded within the Energy - Oil & Gas sector with an encouraging strength context of 58.8, Chennai Petroleum enjoys strong peer relative strength.

💰 Valuation

The stock's current trading multiple implies a low-margin risk but positions value-oriented investors favorably based on robust returns.

🚀 Key Catalysts

PAT growth YOY of 212.52%
Strong OPM of 16%
High ROCE of 34.9%

⚠️ Key Risks

Market volatility impacting oil prices
Dependence on refinery margins
Leverage levels remain a concern

🔍 Research Observation

Chennai Petroleum demonstrates a robust fundamental outlook reinforced by outstanding operational performance and strength in market positioning, benefiting from both earnings expansion and solid cash flows.

🏛️ Analyst / Street Consensus (synthesised — no live broker feed)

Consensus Rating

BUY

12m Target (median)

—

Range: — – —

Estimate Trend (3M)

Upward

📐 EPS growth trajectory pointing towards potential earnings upside and sustainable margins justifies the assigned target.

📈 Bull case (would highlight)

Strong OPM growth
Improved leverage ratios
Solid cash flows

📉 Bear case (would flag)

Sector cyclicality risks
Market volatility
Potential regulatory threats

⚠️ Synthesised from dossier — no live broker poll wired.

Narrative: Broker consensus on Chennai Petroleum indicates cautious optimism due to strong fundamentals paired with an attractive valuation influenced by sector strength, despite concerns about cyclical pressures.

T Technicals

Closei	₹1573.80 (2026-10-27)
EMA 20/50/200i	₹1469.10 / ₹1419.98 / ₹1186.12
EMA50 slope (20d)i	4.48%
RSI(14)i	60.60
ATR(14)i	₹95.74 (6.08%)
52W High / Lowi	₹1677.50 / ₹746.00
From 52W highi	-6.2%
Returns 1M/3M/6M/1Yi	14.6% / 34.7% / 38.1% / 110.7%
Vol vs 20d avgi	0.60x

F Fundamental Scores

Piotroski F-scorei	4 / 6 (approx)
Altman Z-scorei	6.66 (Z′ approx)
Beneish M-scorei	-1.66 (high, simplified)
Forensic riski	moderate (derived)
ROE / ROCEi	41.9% (computed) / 49.4% (computed)
Revenue growth (3Y)i	1.3% (4Y CAGR)
PAT growth (3Y)i	12.7% (4Y CAGR)
Debt / Equityi	0.16 (computed)
Promoter holdingi	67.3%
FII / DII holdingi	15.8% / 1.2%
NPMi	7.1% (computed)
EPSi	382.90

Q Quality Score Breakdown

Earnings Qualityi88.6

Sales Growthi60.0

Financial Strengthi89.7

Institutionali78.5

Compositei80.2

CANSLIM (O'Neil)i18.0

Minervini Trendi8.0

CANSLIM Breakdown (C·A·N·S·L·I·M)

Composite (C+A+N+S+L): 20/25 · Stored: 18/25

Current Earnings✓ real

PAT YoY +212.5%

5/5

Annual Earnings✓ real

PAT CAGR +416.2% (2Y)

5/5

New Highs / Volumederived

Vol 0.6x 20d avg

0/5

Supply / Demandderived

Price > EMA50 > EMA200 (full stack)

5/5

Leader (RS)✓ real

RS +97.0pp vs Nifty 500

5/5

Institutional✓ real · info-only

FII+DII 17.0%

3/5

Market Directioncontext · info-only

—

real = computed from financials · proxy = price/volume substitute when financials unavailable · I (institutional) & M (market) are informational and not part of the 25-pt composite.

$ Valuation

Pricei	₹1,573.8
EPS (TTM proxy)i	382.90
P/E (Screener ratios)	4.0x
Market cap (Screener)	₹22,657 Cr
Market-cap bucketi	LARGE_CAP
Book value	₹913.0
Dividend yield	4.1%
Sales (latest)i	—
PAT (latest)i	—
Net debt (3Y)i	₹1,646 Cr

Valuation fields come from scores.fundamentals.ratios_summary when available. Derived P/E is shown only when it materially differs from the parsed Screener ratio.

S Sector Context

Sector: Energy - Oil & Gas
Sub-sector: Unmapped
Sector strength: 58.80
Peer avg RS: 67.6% · Avg tech: 58.80 · Avg fund: 65.11
Sector universe: 8 stocks

🎯 Targets & Risk / Reward

Model ref range	₹1,469 – ₹1,574
Model inv. level	₹1,278
Ref target 2M	₹1,861
Ref target 4M	₹2,053
Ref target 6M	₹2,244

Reward / Risk (4M)	1.62×
Reward / Risk (6M)	2.26×
Risk per share	₹296
Extension	EXTENDED - 7.1% above EMA20; 1M return +14.6%
Illustrative weight	5% (model only — not a personal allocation recommendation)

Risk score breakdown: ATR 6.1% (+2.5) · Extended (+1.0) · OCF/PAT watch (+0.5)

🛡 Risk Score

4.0 / 10

MEDIUM

0–3 LOW · 4–6 MEDIUM · 7–10 HIGH. Blends ATR-volatility, distance-from-high, RSI, Weinstein stage, Altman Z / Beneish M, debt & OCF quality.

Q Latest Quarterly Results

Quarter	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
Sep 2026	20558	16	2247	150.90
Jun 2026	27369	6	1031	69.26
Mar 2026	16817	12	1422	95.48
Dec 2025	15683	9	1002	67.26

Rev QoQ -24.9% · YoY +25.9% · PAT QoQ +117.9% · YoY +212.5% · OPM vs 4Q avg +1004 bps

A 5-Year Annual Trajectory

FY	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
TTM	80427	10	5702	382.90
Mar 2026	63148	8	3103	208.36
Mar 2025	58983	2	214	14.38
Mar 2024	66024	7	2745	184.34
Mar 2023	76271	7	3532	237.16

4Y CAGR — Revenue 1.3% · PAT 12.7% · EPS 12.7%

B Balance Sheet (3Y)

FY	Borrowings (₹ Cr)	Net Debt (₹ Cr)	Total Assets (₹ Cr)
Sep 2026	2202	1646	21041
Mar 2026	1964	1473	20085
Mar 2025	3117	2837	17109

Debt trend falling

C Cash Flow (3Y) & Quality

FY	Operating CF	Investing CF	FCF proxy
Mar 2026	2945	-930	2015
Mar 2025	1352	-649	703
Mar 2024	2694	-589	2105

OCF/PAT (latest FY) 0.52 → earnings quality: WATCH

N Corporate Events & Insider Activity (90d)

2026-10-30 — CORPORATE_ACTION:
2026-10-22 — RESULT_ANNOUNCEMENT: Financial Results
🗓 2026-10-30 — UPCOMING CORPORATE_ACTION:

📄 Latest Filings Snapshot

P&L: Sales: 80,427 Cr (YoY +27.4%); NetProfit: 5,702 Cr (YoY +83.8%); EPS: 382.90
Quarterly: Sales last 3Q: 16,817, 27,369, 20,558 Cr; Net Profit last 3Q: 1,422, 1,031, 2,247 Cr
Ratios: P/E: 3.97; ROCE: 34.9; ROE: 31.8; Div Yield: 4.08; Book Value: 913; Mkt Cap: 22,657
Investors: Promoters 67.29% | FII 15.79% | DII 1.18% | Public 15.76%

Why selected: VCP-confirmed Stage 2 (vcp=76, inv=97.8) in top-ranked sector Energy - Oil & Gas (strength=59) · High conviction owing to significant earnings momentum and operational strength against the backdrop of improved leverage.

CRAFTSMAN · EV & Auto Ancillaries · Auto Components & Precision Engineering

Sector + Stage 2 Sub-sector: Auto Components & Precision Engineering Conviction: HIGH Risk: LOW Extension: NORMAL Signal: BUY Supertrend: BULLISH ↗ Sector: IMPROVING (-1.61%, mom +0.50%) 2/5 ★ PartialRRG IMPROVING · Sector Rotation

Price

₹11011.00

1M 2.8%

Investment Score

96.00

Tech 97.30 · Fund 75.02

Relative Strength

93.0%

vs Nifty 500

Stage

STAGE_2

Stance: BULLISH

Risk Score

2.5/10

LOW

6M Target

₹14,824

RR 1.90×

B What the company does

Craftsman Automation started the journey in the year 1986 as a small scale industry in the southern Indian city of Coimbatore, has grown to become a leader in precision manufacturing in diverse fields. The co. manufactures several components and sub-assemblies on a supply and job-work basis according to client specifications in the automotive, industrial, and engineering segments. Headquartered in Coimbatore with 12 plants including 10 satellite units across India. [1] [2]

Source: Company website · screener.in · live

📈 6-Month Price Action — TradingView-style: Candles · EMAs · Volume · RSI · S/R · Pivots · Volume Profile · Entry/Stop/Targets

EMA 20EMA 50EMA 200SupportResistanceRef rangeInv. levelRef T1 (2M)Ref T2 (4M)Ref T3 (6M)POC (Vol Profile)RSI 14

🤖 Chart Narrative · AI Read

Craftsman Automation's 6-month candlestick chart shows a bullish consolidation phase with increasing volume as it approaches recent highs. A breakout through the key resistance level around ₹11,138 could establish an upward trend as it trades just above its EMA 20 and EMA 50 lines. Traders should monitor this breakout for confirmation, with support likely around ₹10,021, identified from prior price actions.

Support: ₹8,242 · ₹8,684 · ₹8,956
Resistance: ₹11,999 · ₹10,960 · ₹10,762
Pivots — PP ₹10,888 · R1 ₹11,476 · R2 ₹11,941 · S1 ₹10,423 · S2 ₹9,835

💡 Thesis

Craftsman Automation, at ₹11,011, enjoys robust demand in the EV & Auto Ancillaries sector, exhibiting a strong technical setup with an RSI of 54.93 and an EMA structure aligned bullishly indicating upside potential. Revenue grew by 47.10% YoY to ₹2,945 Cr in Sep 2026, while PAT saw a solid 68.13% YoY increase, demonstrating strong earnings momentum. The company displays sound financial health with a net debt of ₹3,875 Cr against equity of ₹5,511 Cr, resulting in a debt-to-equity ratio of 0.71, showing manageable leverage.

📈 Technical View

The stock's RSI is at 54.93, indicating a neutral momentum condition while maintaining a bullish EMA stack. The stock's price is currently 8.23% below its 52-week high, which signals potential upward movement as it maintains a favorable technical position.

🏦 Fundamental View

Craftsman's latest quarter shows strong momentum with revenue of ₹2,945 Cr and PAT of ₹153 Cr. The operating profit margin (OPM) is stable at 13% despite a slight decrease of 185 bps QoQ. Additionally, the OCF to PAT ratio stands at 0.99, supporting healthy cash flow quality.

🧭 Sector View

Craftsman operates within a relatively strong sector backdrop, reflected in the sector's strength ranking of 74.28. It ranks favorably among its 29 peers with a relative strength percentage of 92.98.

💰 Valuation

The stock appears stretched with a current P/E of 54.4 relative to sector averages, but earnings momentum could justify higher valuations.

🚀 Key Catalysts

Q4 revenue growth 47.1%
PAT growth 68.1%
High institutional backing 81.0%

⚠️ Key Risks

Rising debt level (0.71 D/E)
Valuation stretch (P/E 54.4)
Cyclical industry risks

🔍 Research Observation

Craftsman Automation presents a favorable investment profile supported by strong earnings growth and technical momentum, though attention to leverage and valuation is crucial.

🏛️ Analyst / Street Consensus (synthesised — no live broker feed)

Consensus Rating

BUY

12m Target (median)

—

Range: — – —

Estimate Trend (3M)

Upward

📐 ₹EPS of 209.83 × 64x peer median = ₹13,471; ±20% for bull/bear.

📈 Bull case (would highlight)

Strong earnings momentum
Margin stability
High institutional support

📉 Bear case (would flag)

High valuation concerns
Increased debt levels
Sector cyclicality

⚠️ Synthesized from dossier — no live broker poll wired.

Narrative: Analysts likely view Craftsman positively due to its solid revenue growth and profitability metrics, balancing high valuations with fundamental performance strength. Consensus may bias towards bullish due to strong market positioning and institutional backing, despite concerns over rising debt levels. Synthesized from dossier — no live broker poll wired.

T Technicals

Closei	₹11011.00 (2026-10-27)
EMA 20/50/200i	₹10773.31 / ₹10626.73 / ₹9147.04
EMA50 slope (20d)i	0.56%
RSI(14)i	54.93
ATR(14)i	₹375.86 (3.41%)
52W High / Lowi	₹11999.00 / ₹6324.00
From 52W highi	-8.2%
Returns 1M/3M/6M/1Yi	2.8% / 18.1% / 45.4% / 64.5%
Vol vs 20d avgi	1.09x

F Fundamental Scores

Piotroski F-scorei	4 / 6 (approx)
Altman Z-scorei	1.93 (Z′ approx)
Beneish M-scorei	-2.26 (low, simplified)
Forensic riski	moderate (derived)
ROE / ROCEi	9.6% (computed) / 11.2% (computed)
Revenue growth (3Y)i	32.0% (4Y CAGR)
PAT growth (3Y)i	20.4% (4Y CAGR)
Debt / Equityi	0.71 (computed)
Promoter holdingi	42.4%
FII / DII holdingi	16.5% / 33.6%
NPMi	5.5% (computed)
EPSi	209.83

Q Quality Score Breakdown

Earnings Qualityi79.6

Sales Growthi88.3

Financial Strengthi64.3

Institutionali81.0

Compositei78.9

CANSLIM (O'Neil)i13.0

Minervini Trendi13.0

CANSLIM Breakdown (C·A·N·S·L·I·M)

Composite (C+A+N+S+L): 21/25 · Stored: 13/25

Current Earnings✓ real

PAT YoY +68.1%

5/5

Annual Earnings✓ real

PAT CAGR +61.9% (2Y)

5/5

New Highs / Volumederived

Vol 1.1x 20d avg

1/5

Supply / Demandderived

Price > EMA50 > EMA200 (full stack)

5/5

Leader (RS)✓ real

RS +93.0pp vs Nifty 500

5/5

Institutional✓ real · info-only

FII+DII 50.1%

5/5

Market Directioncontext · info-only

—

real = computed from financials · proxy = price/volume substitute when financials unavailable · I (institutional) & M (market) are informational and not part of the 25-pt composite.

$ Valuation

Pricei	₹11,011.0
EPS (TTM proxy)i	209.83
P/E (Screener ratios)	54.4x
P/E (derived price ÷ EPS)	52.5x
Market cap (Screener)	₹28,829 Cr
Market-cap bucketi	LARGE_CAP
Book value	₹2.0
Dividend yield	0.1%
Sales (latest)i	—
PAT (latest)i	₹527 Cr (37.2% YoY)
Net debt (3Y)i	₹3,875 Cr

Valuation fields come from scores.fundamentals.ratios_summary when available. Derived P/E is shown only when it materially differs from the parsed Screener ratio.

S Sector Context

Sector: EV & Auto Ancillaries
Sub-sector: Auto Components & Precision Engineering
Sector strength: 74.28
Peer avg RS: 97.9% · Avg tech: 74.28 · Avg fund: 71.21
Sector universe: 29 stocks

🎯 Targets & Risk / Reward

Model ref range	₹10,773 – ₹11,011
Model inv. level	₹10,022
Ref target 2M	₹12,139
Ref target 4M	₹12,890
Ref target 6M	₹14,824

Reward / Risk (4M)	1.90×
Reward / Risk (6M)	3.85×
Risk per share	₹989
Extension	NORMAL
Illustrative weight	8% (model only — not a personal allocation recommendation)

Risk score breakdown: ATR 3.4% (+1.5) · Debt rising (+1.0)

🛡 Risk Score

2.5 / 10

LOW

0–3 LOW · 4–6 MEDIUM · 7–10 HIGH. Blends ATR-volatility, distance-from-high, RSI, Weinstein stage, Altman Z / Beneish M, debt & OCF quality.

Q Latest Quarterly Results

Quarter	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
Sep 2026	2945	13	153	58.57
Jun 2026	2432	16	151	57.56
Mar 2026	2226	16	116	48.80
Dec 2025	2057	15	107	44.90

Rev QoQ +21.1% · YoY +47.1% · PAT QoQ +1.3% · YoY +68.1% · OPM vs 4Q avg -186 bps

A 5-Year Annual Trajectory

FY	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
TTM	9660	15	527	209.83
Mar 2026	8069	15	384	160.96
Mar 2025	5690	15	201	81.56
Mar 2024	4452	20	337	144.11
Mar 2023	3183	21	251	117.56

4Y CAGR — Revenue 32.0% · PAT 20.4% · EPS 15.6%

B Balance Sheet (3Y)

FY	Borrowings (₹ Cr)	Net Debt (₹ Cr)	Total Assets (₹ Cr)
Sep 2026	3893	3875	11951
Mar 2026	3623	3609	8978
Mar 2025	2358	2347	7116

Debt trend rising

C Cash Flow (3Y) & Quality

FY	Operating CF	Investing CF	FCF proxy
Mar 2026	522	-1302	-780
Mar 2025	283	-1643	-1360
Mar 2024	513	-625	-112

OCF/PAT (latest FY) 0.99 → earnings quality: HIGH

N Corporate Events & Insider Activity (90d)

2026-10-28 — RESULT_ANNOUNCEMENT: Financial Results/Other business matters
2026-10-21 — INSIDER BULK_DEAL_BUY Block Deal: PI OPPORTUNITIES AIF V LLP (₹31.54 Cr)
2026-10-21 — INSIDER BULK_DEAL_SELL Block Deal: PRAZIM TRADING AND INVESTMENT COMPANY PRIVATE LIMITED (₹31.54 Cr)
2026-10-21 — BLOCK_DEAL (BUY): PI OPPORTUNITIES AIF V LLP · 28,735 @ ₹10975.00 (≈ ₹31.5 Cr)
2026-10-21 — BLOCK_DEAL (SELL): PRAZIM TRADING AND INVESTMENT COMPANY PRIVATE LIMITED · 28,735 @ ₹10975.00 (≈ ₹31.5 Cr)
🗓 2026-10-28 — UPCOMING RESULT_ANNOUNCEMENT: Financial Results/Other business matters

📄 Latest Filings Snapshot

P&L: Sales: 9,660 Cr (YoY +19.7%); NetProfit: 527 Cr (YoY +37.2%); EPS: 209.83
Quarterly: Sales last 3Q: 2,226, 2,432, 2,945 Cr; Net Profit last 3Q: 116, 151, 153 Cr
Ratios: P/E: 54.4; ROCE: 13.9; ROE: 12.5; Div Yield: 0.10; Book Value: 2,107; Mkt Cap: 28,829
Investors: Promoters 42.41% | FII 16.46% | DII 33.63% | Public 7.49%

Why selected: Stage 2 leader in top sector EV & Auto Ancillaries (strength=79), inv=96.0 · The stock exhibits strong fundamentals and technical setups, supporting a bullish stance.

SONACOMS · EV & Auto Ancillaries · Auto Ancillaries

Sector + Stage 2 Sub-sector: Auto Ancillaries Conviction: MEDIUM Risk: MEDIUM Extension: EXTENDED Signal: BUY Supertrend: BULLISH ↗ Sector: IMPROVING (-1.61%, mom +0.50%) 2/5 ★ PartialRRG IMPROVING · Sector Rotation

Price

₹851.85

1M 4.4%

Investment Score

95.99

Tech 97.23 · Fund 69.27

Relative Strength

93.1%

vs Nifty 500

Stage

STAGE_2

Stance: BULLISH

Risk Score

4.5/10

MEDIUM

6M Target

₹1,075

RR 1.27×

B What the company does

Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories. The company develops mechanical and electrical hardware systems, components as well as base and application software solutions.

Source: Company website · screener.in · live

📈 6-Month Price Action — TradingView-style: Candles · EMAs · Volume · RSI · S/R · Pivots · Volume Profile · Entry/Stop/Targets

EMA 20EMA 50EMA 200SupportResistanceRef rangeInv. levelRef T1 (2M)Ref T2 (4M)Ref T3 (6M)POC (Vol Profile)RSI 14

Detected patterns:Double Bottom (W)Breakout ↑Ascending Triangle52W High TouchVolume SurgeGap Up

🤖 Chart Narrative · AI Read

The last 6 months of trading activity displays a clear Ascending Triangle formation, suggesting bullish advancements. The recent breakout above ₹837 is accompanied by significant volume spikes, affirming bullish momentum. Traders should be vigilant for potential price action around support levels at ₹796, which would validate the upward trend.

Support: ₹556 · ₹582 · ₹608
Resistance: ₹838 · ₹819 · ₹622
Pivots — PP ₹820 · R1 ₹899 · R2 ₹947 · S1 ₹773 · S2 ₹694

💡 Thesis

At ₹851.85, Sona Comstar’s strong fundamental performance, with a 78.19% return YoY and an evolving technical framework, positions it strategically in the EV & Auto Ancillaries sector. With a recent PAT growth of 31.18% YoY to ₹223 Cr in Sep 2026, the company showcases solid earnings quality backed by a notable operating margin of 23%. Featuring a rising EMA structure and an increasing RSI of 62.77, the stock reflects robust investor sentiment.

📈 Technical View

The stock's RSI is 62.77, reflecting momentum in a bullish phase while trading near recent highs. The proximity to its 52-week high at ₹868 indicates potential pullback levels around key support zones.

🏦 Fundamental View

Sona Comstar reported revenue of ₹1,536 Cr for the latest quarter, coupled with a significant PAT growth displaying strong operational control. An OCF to PAT ratio of 0.89 indicates high cash flow quality, contributing to its overall financial stability despite a rising debt trend.

🧭 Sector View

Sona Comstar stands out in a competitive sector with a sector strength rating of 74.28, benefiting from robust demand dynamics in the EV market as one of the leading players among 29 peers.

💰 Valuation

Presently at P/E 70.8, Sona Comstar's valuation indicates a premium compared to peers, balanced by strong growth prospects and market positioning.

🚀 Key Catalysts

PAT growth 31.18%
Operating margin 23%
Strong volume dynamics (6.04x 20-day average)

⚠️ Key Risks

Elevated leverage (D/E 0.10)
Peering valuation discrepancies
Sector competition

🔍 Research Observation

Sona Comstar shows strong earnings growth potential, supported by a positive technical backdrop, although valuation metrics warrant cautious observation.

🏛️ Analyst / Street Consensus (synthesised — no live broker feed)

Consensus Rating

BUY

12m Target (median)

—

Range: — – —

Estimate Trend (3M)

Upward

📐 ₹EPS of 12 × 98x peer median = ₹1,184; ±20% for bull/bear.

📈 Bull case (would highlight)

High earnings quality
Sustained operating margins
Positive institutional interest

📉 Bear case (would flag)

High valuation multiple
Sector cyclicality risks
Potential operating pressure

⚠️ Synthesized from dossier — no live broker poll wired.

Narrative: The broader analyst consensus is likely to be supportive, emphasizing the company's strong revenue growth and positive operational metrics. Any discourse on valuation concerns might arise due to current P/E levels, particularly as earnings expectations remains high. Synthesized from dossier — no live broker poll wired.

T Technicals

Closei	₹851.85 (2026-10-27)
EMA 20/50/200i	₹796.37 / ₹786.53 / ₹660.25
EMA50 slope (20d)i	1.71%
RSI(14)i	62.77
ATR(14)i	₹28.76 (3.38%)
52W High / Lowi	₹868.00 / ₹437.70
From 52W highi	-1.9%
Returns 1M/3M/6M/1Yi	4.4% / 18.2% / 42.0% / 78.2%
Vol vs 20d avgi	6.04x

F Fundamental Scores

Piotroski F-scorei	4 / 6 (approx)
Altman Z-scorei	3.41 (Z′ approx)
Beneish M-scorei	-2.32 (low, simplified)
Forensic riski	moderate (derived)
ROE / ROCEi	11.5% (computed) / 14.4% (computed)
Revenue growth (3Y)i	18.8% (4Y CAGR)
PAT growth (3Y)i	17.0% (4Y CAGR)
Debt / Equityi	0.10 (computed)
Promoter holdingi	27.9%
FII / DII holdingi	23.9% / 41.2%
NPMi	14.0% (computed)
EPSi	12.00

Q Quality Score Breakdown

Earnings Qualityi83.0

Sales Growthi85.0

Financial Strengthi69.0

Institutionali76.0

Compositei79.7

CANSLIM (O'Neil)i19.0

Minervini Trendi14.0

CANSLIM Breakdown (C·A·N·S·L·I·M)

Composite (C+A+N+S+L): 21/25 · Stored: 19/25

Current Earnings✓ real

PAT YoY +31.2%

5/5

Annual Earnings✓ real

PAT CAGR +11.0% (2Y)

1/5

New Highs / Volumederived

Vol 6.0x 20d avg

5/5

Supply / Demandderived

Price > EMA50 > EMA200 (full stack)

5/5

Leader (RS)✓ real

RS +93.1pp vs Nifty 500

5/5

Institutional✓ real · info-only

FII+DII 65.1%

5/5

Market Directioncontext · info-only

—

real = computed from financials · proxy = price/volume substitute when financials unavailable · I (institutional) & M (market) are informational and not part of the 25-pt composite.

$ Valuation

Pricei	₹851.9
EPS (TTM proxy)i	12.00
P/E (Screener ratios)	70.8x
Market cap (Screener)	₹55,012 Cr
Market-cap bucketi	MID_CAP
Book value	₹103.0
Dividend yield	0.4%
Sales (latest)i	—
PAT (latest)i	₹739 Cr (17.5% YoY)
Net debt (3Y)i	₹-199 Cr

Valuation fields come from scores.fundamentals.ratios_summary when available. Derived P/E is shown only when it materially differs from the parsed Screener ratio.

S Sector Context

Sector: EV & Auto Ancillaries
Sub-sector: Auto Ancillaries
Sector strength: 74.28
Peer avg RS: 97.9% · Avg tech: 74.28 · Avg fund: 71.21
Sector universe: 29 stocks

🎯 Targets & Risk / Reward

Model ref range	₹796 – ₹852
Model inv. level	₹739
Ref target 2M	₹938
Ref target 4M	₹996
Ref target 6M	₹1,075

Reward / Risk (4M)	1.27×
Reward / Risk (6M)	1.98×
Risk per share	₹113
Extension	EXTENDED - 7.0% above EMA20; -1.9% from 52w high
Illustrative weight	5% (model only — not a personal allocation recommendation)

Risk score breakdown: ATR 3.4% (+1.5) · Near high -1.9% (+1.0) · Extended (+1.0) · Debt rising (+1.0)

🛡 Risk Score

4.5 / 10

MEDIUM

0–3 LOW · 4–6 MEDIUM · 7–10 HIGH. Blends ATR-volatility, distance-from-high, RSI, Weinstein stage, Altman Z / Beneish M, debt & OCF quality.

Q Latest Quarterly Results

Quarter	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
Sep 2026	1536	23	223	3.58
Jun 2026	1301	23	179	2.90
Mar 2026	1258	24	187	3.09
Dec 2025	1200	25	150	2.43

Rev QoQ +18.1% · YoY +35.0% · PAT QoQ +24.6% · YoY +31.2% · OPM vs 4Q avg -200 bps

A 5-Year Annual Trajectory

FY	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
TTM	5294	23	739	12.00
Mar 2026	4449	24	629	10.29
Mar 2025	3546	27	600	9.67
Mar 2024	3185	28	518	8.82
Mar 2023	2655	25	395	6.75

4Y CAGR — Revenue 18.8% · PAT 17.0% · EPS 15.5%

B Balance Sheet (3Y)

FY	Borrowings (₹ Cr)	Net Debt (₹ Cr)	Total Assets (₹ Cr)
Sep 2026	662	-199	8434
Mar 2026	442	-108	7464
Mar 2025	202	-662	6537

Debt trend rising · Net cash positive

C Cash Flow (3Y) & Quality

FY	Operating CF	Investing CF	FCF proxy
Mar 2026	659	-1554	-895
Mar 2025	775	-1762	-987
Mar 2024	693	-471	222

OCF/PAT (latest FY) 0.89 → earnings quality: HIGH

N Corporate Events & Insider Activity (90d)

2026-10-26 — RESULT_ANNOUNCEMENT: Financial Results

📄 Latest Filings Snapshot

P&L: Sales: 5,294 Cr (YoY +19.0%); NetProfit: 739 Cr (YoY +17.5%); EPS: 12.00
Quarterly: Sales last 3Q: 1,258, 1,301, 1,536 Cr; Net Profit last 3Q: 187, 179, 223 Cr
Ratios: P/E: 70.8; ROCE: 14.2; ROE: 11.3; Div Yield: 0.39; Book Value: 103; Mkt Cap: 55,012
Investors: Promoters 27.91% | FII 23.86% | DII 41.21% | Govt 0.01% | Public 6.99%

Why selected: Stage 2 leader in top sector EV & Auto Ancillaries (strength=79), inv=96.0 · Strong operational performance underpins confidence despite some valuation concerns.

TFCILTD · Financial Services · Financial Services

VCP Sub-sector: Financial Services Conviction: LOW Risk: LOW Extension: NORMAL Signal: BUY Supertrend: BULLISH ▲ Sector: LEADING (+0.61%, mom +0.27%) 2/5 ★ PartialRRG LEADING · VCP

Price

₹155.04

1M 8.1%

Investment Score

98.32

Tech 97.78 · Fund 70.65

Relative Strength

99.6%

vs Nifty 500

Stage

STAGE_2

Stance: BULLISH

Risk Score

3.0/10

LOW

6M Target

₹209

RR 1.86×

B What the company does

Tourism Finance Corporation of India Ltd provides financial assistance to the tourism sector comprising hotels, resorts, restaurants, food courts, amusement parks, ropeways, multiplexes, etc. [1]

Source: Company website · screener.in · live

📈 6-Month Price Action — TradingView-style: Candles · EMAs · Volume · RSI · S/R · Pivots · Volume Profile · Entry/Stop/Targets

EMA 20EMA 50EMA 200SupportResistanceRef rangeInv. levelRef T1 (2M)Ref T2 (4M)Ref T3 (6M)POC (Vol Profile)RSI 14

Detected patterns:Higher Highs · Higher LowsDoji

🤖 Chart Narrative · AI Read

The recent price behavior in the 6-month chart reveals a confirmed uptrend channel with alternating higher highs and lows. A recent Doji formation suggests indecision, warranting a cautious approach; should support hold near ₹150, the stock is poised for another push upward toward key resistance at ₹177.

Support: ₹71 · ₹73 · ₹80
Resistance: ₹162 · ₹148 · ₹144
Pivots — PP ₹151 · R1 ₹161 · R2 ₹168 · S1 ₹145 · S2 ₹135

💡 Thesis

Tourism Finance Corporation of India Ltd (TFCL) at ₹155.04 benefits from a niche focus within the tourism financing sector, currently asserting a technical buy signal with a stage score of 99.26. The firm recorded a revenue increase of 26.56% YoY to ₹81 Cr in Jun 2026 and a rising PAT of ₹61 Cr, demonstrating a positive profit trajectory. Despite facing cash flow challenges reflected by a negative OCF of ₹-46 Cr in the latest quarter, the company's financial leverage appears manageable with no long-term debt.

📈 Technical View

TFCL maintains a relatively neutral RSI at 59.93, suggesting stabilized momentum with strong EMA bullish alignment. The stock is just 4.27% below its 52-week high, highlighting its resilience.

🏦 Fundamental View

TFCL's fundamentals show a notable increase in revenue and PAT in the latest quarter, although the negative cash flow from operations indicates potential liquidity risks. The firm’s equity value is strong at ₹1,316 Cr, which underscores the company's capital base.

🧭 Sector View

Operating in a notably weaker sector ranked at 42.78 for sector strength, TFCL still manages to perform above average within a competitive financial services landscape.

💰 Valuation

The stock's P/E of 47.0 shows an average valuation compared to peers, supportive of its solid growth prospects despite sector headwinds.

🚀 Key Catalysts

PAT growth 90.6% QoQ
Revenue growth 26.56% YoY
No long-term debt on balance sheet

⚠️ Key Risks

Negative OCF trend (-₹46 Cr)
High competition in tourism sector
Low promoter holding (3.85%)

🔍 Research Observation

TFCL demonstrates promising earnings growth in a challenging sector, but caution is warranted due to cash flow management issues.

🏛️ Analyst / Street Consensus (synthesised — no live broker feed)

Consensus Rating

BUY

12m Target (median)

—

Range: — – —

Estimate Trend (3M)

Upward

📐 ₹EPS of 3.33 × 56x peer median = ₹185; ±20% for bull/bear.

📈 Bull case (would highlight)

Solid revenue and profit growth
No long-term debt
Niche market focus

📉 Bear case (would flag)

Cash flow challenges
Industry risks
Low promoter holding

⚠️ Synthesized from dossier — no live broker poll wired.

Narrative: Market sentiment towards TFCL could reflect cautious optimism given its recent performance, yet concerns around financial service sector dynamics and cash flow management might persist. Synthesized from dossier — no live broker poll wired.

T Technicals

Closei	₹155.04 (2026-10-27)
EMA 20/50/200i	₹149.78 / ₹138.78 / ₹102.05
EMA50 slope (20d)i	11.33%
RSI(14)i	59.93
ATR(14)i	₹7.61 (4.91%)
52W High / Lowi	₹161.95 / ₹51.00
From 52W highi	-4.3%
Returns 1M/3M/6M/1Yi	8.1% / 63.5% / 111.9% / 117.5%
Vol vs 20d avgi	0.63x

F Fundamental Scores

Piotroski F-scorei	2 / 6 (approx)
Altman Z-scorei	1.82 (Z′ approx)
Beneish M-scorei	-2.07 (watch, simplified)
Forensic riski	moderate (derived)
ROE / ROCEi	11.7% (computed) / 22.3% (computed)
Revenue growth (3Y)i	5.9% (4Y CAGR)
PAT growth (3Y)i	15.0% (4Y CAGR)
Debt / Equityi	—
Promoter holdingi	3.9%
FII / DII holdingi	9.5% / 0.3%
NPMi	52.9% (computed)
EPSi	3.33

Q Quality Score Breakdown

Earnings Qualityi90.0

Sales Growthi55.0

Financial Strengthi62.5

Institutionali56.0

Compositei70.7

CANSLIM (O'Neil)i20.0

Minervini Trendi10.0

CANSLIM Breakdown (C·A·N·S·L·I·M)

Composite (C+A+N+S+L): 18/25 · Stored: 20/25

Current Earnings✓ real

PAT YoY +96.8%

5/5

Annual Earnings✓ real

PAT CAGR +21.7% (2Y)

3/5

New Highs / Volumederived

Vol 0.6x 20d avg

0/5

Supply / Demandderived

Price > EMA50 > EMA200 (full stack)

5/5

Leader (RS)✓ real

RS +99.6pp vs Nifty 500

5/5

Institutional✓ real · info-only

FII+DII 9.8%

1/5

Market Directioncontext · info-only

—

real = computed from financials · proxy = price/volume substitute when financials unavailable · I (institutional) & M (market) are informational and not part of the 25-pt composite.

$ Valuation

Pricei	₹155.0
EPS (TTM proxy)i	3.33
P/E (Screener ratios)	47.0x
Market cap (Screener)	₹7,251 Cr
Market-cap bucketi	MICRO_CAP
Book value	₹28.4
Dividend yield	0.4%
Sales (latest)i	₹291 Cr (5.1% YoY)
PAT (latest)i	₹154 Cr (25.2% YoY)
Net debt (3Y)i	—

Valuation fields come from scores.fundamentals.ratios_summary when available. Derived P/E is shown only when it materially differs from the parsed Screener ratio.

S Sector Context

Sector: Financial Services
Sub-sector: Financial Services
Sector strength: 42.78
Peer avg RS: 63.6% · Avg tech: 42.78 · Avg fund: 66.28
Sector universe: 19 stocks

🎯 Targets & Risk / Reward

Model ref range	₹150 – ₹155
Model inv. level	₹135
Ref target 2M	₹178
Ref target 4M	₹193
Ref target 6M	₹209

Reward / Risk (4M)	1.86×
Reward / Risk (6M)	2.61×
Risk per share	₹20
Extension	NORMAL
Illustrative weight	8% (model only — not a personal allocation recommendation)

Risk score breakdown: ATR 4.9% (+1.5) · OCF/PAT weak (+1.5)

🛡 Risk Score

3.0 / 10

LOW

0–3 LOW · 4–6 MEDIUM · 7–10 HIGH. Blends ATR-volatility, distance-from-high, RSI, Weinstein stage, Altman Z / Beneish M, debt & OCF quality.

Q Latest Quarterly Results

Quarter	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
Jun 2026	81	—	61	1.32
Mar 2026	74	—	32	0.69
Dec 2025	70	—	32	0.69
Sep 2025	66	—	29	0.63

Rev QoQ +9.5% · YoY +26.6% · PAT QoQ +90.6% · YoY +96.8%

A 5-Year Annual Trajectory

FY	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
TTM	291	—	154	3.33
Mar 2026	277	—	123	2.67
Mar 2025	252	—	104	2.24
Mar 2024	242	—	91	2.02
Mar 2023	231	—	88	1.95

4Y CAGR — Revenue 5.9% · PAT 15.0% · EPS 14.3%

B Balance Sheet (3Y)

FY	Borrowings (₹ Cr)	Net Debt (₹ Cr)	Total Assets (₹ Cr)
Mar 2026	—	—	2412
Mar 2025	—	—	2102
Mar 2024	—	—	2106

C Cash Flow (3Y) & Quality

FY	Operating CF	Investing CF	FCF proxy
Mar 2026	-46	0	-46
Mar 2025	55	12	67
Mar 2024	-7	0	-7

OCF/PAT (latest FY) -0.30 → earnings quality: WEAK

N Corporate Events & Insider Activity (90d)

2026-11-03 — RESULT_ANNOUNCEMENT: Financial Results
2026-10-26 — INSIDER BULK_DEAL_BUY Bulk Deal: MANSI SHARE AND STOCK BROKING PRIVATE LIMITED (₹33.96 Cr)
2026-10-26 — INSIDER BULK_DEAL_SELL Bulk Deal: MANSI SHARE AND STOCK BROKING PRIVATE LIMITED (₹41.42 Cr)
2026-10-09 — INSIDER BULK_DEAL_SELL Bulk Deal: SHARE INDIA SECURITIES LIMITED (₹52.18 Cr)
2026-10-09 — INSIDER BULK_DEAL_SELL Bulk Deal: NITN KAPOOR (₹40.90 Cr)
2026-10-26 — BULK_DEAL (BUY): MANSI SHARE AND STOCK BROKING PRIVATE LIMITED · 2,310,000 @ ₹147.03 (≈ ₹34.0 Cr)
2026-10-26 — BULK_DEAL (SELL): MANSI SHARE AND STOCK BROKING PRIVATE LIMITED · 2,800,000 @ ₹147.94 (≈ ₹41.4 Cr)
2026-10-09 — BULK_DEAL (SELL): SHARE INDIA SECURITIES LIMITED · 3,545,163 @ ₹147.19 (≈ ₹52.2 Cr)
2026-10-09 — BULK_DEAL (SELL): NITN KAPOOR · 2,800,000 @ ₹146.08 (≈ ₹40.9 Cr)
2026-10-09 — BULK_DEAL (BUY): SHARE INDIA SECURITIES LIMITED · 3,544,960 @ ₹146.94 (≈ ₹52.1 Cr)
2026-08-17 — BULK_DEAL (BUY): HRTI PRIVATE LIMITED · 3,122,382 @ ₹121.08 (≈ ₹37.8 Cr)
🗓 2026-11-03 — UPCOMING RESULT_ANNOUNCEMENT: Financial Results

📄 Latest Filings Snapshot

P&L: Sales: 291 Cr (YoY +5.1%); NetProfit: 154 Cr (YoY +25.2%); EPS: 3.33
Quarterly: Sales last 3Q: 70, 74, 81 Cr; Net Profit last 3Q: 32, 32, 61 Cr
Ratios: P/E: 47.0; ROCE: 11.1; ROE: 9.75; Div Yield: 0.38; Book Value: 28.4; Mkt Cap: 7,251
Investors: Promoters 3.85% | FII 9.46% | DII 0.30% | Public 86.38%

Why selected: VCP-confirmed Stage 2 (vcp=70, inv=98.3); sector Financial Services not in current top-10 rotation · Solid revenue trends are tempered by cash flow concerns and sector vulnerabilities.

INDHOTEL · Consumer Services · Unmapped

Strategy + Stage 2 Sub-sector: Unmapped Best Strategy: stage2_continuation_v1 · open position Conviction: HIGH Risk: MEDIUM Extension: EXTENDED Signal: BUY Supertrend: BULLISH 1/5 SingleStrategy Lab

Price

₹812.85

1M 11.5%

Investment Score

91.04

Tech 91.87 · Fund 64.05

Relative Strength

89.1%

vs Nifty 500

Stage

STAGE_2

Stance: BULLISH

Risk Score

4.5/10

MEDIUM

6M Target

₹1,069

RR 1.11×

B What the company does

INDHOTEL: business description unavailable from live profile lookup.

Source: local fallback · fallback: HTTP Error 429: Too Many Requests

📈 6-Month Price Action — TradingView-style: Candles · EMAs · Volume · RSI · S/R · Pivots · Volume Profile · Entry/Stop/Targets

EMA 20EMA 50EMA 200SupportResistanceRef rangeInv. levelRef T1 (2M)Ref T2 (4M)Ref T3 (6M)POC (Vol Profile)RSI 14

Detected patterns:Double Bottom (W)Double Top (M)Breakout ↑52W High Touch

🤖 Chart Narrative · AI Read

The 6-month candlestick chart highlights a breakout pattern with a new 52-week high touched recently at ₹813, characterized by a Double Bottom formation setup near ₹706. The current price is effectively above the EMA20 and EMA50 averages, indicating bullish sentiment, despite the RSI being in the overbought territory (>70). Key support can be noted at ₹754, while any price action watching for a pullback towards EMA20 could provide opportunity amidst a broader bullish narrative.

Support: ₹622 · ₹635 · ₹701
Resistance: ₹739 · ₹676
Pivots — PP ₹790 · R1 ₹836 · R2 ₹859 · S1 ₹767 · S2 ₹720

💡 Thesis

INDHOTEL exhibits a strong technical setup with an RSI of 71.88 and trading well above its EMA20, indicating bullish momentum. The company has shown a revenue growth of 21.7% YoY, with a PAT CAGR of 22.5% over the past four years, underscoring its operational efficiency. Furthermore, a notable OPM of 33% over the last 12 months positions it favorably within the consumer services sector, which has a strength score of 60.35%. Current market conditions are supportive, featuring a Stage 2 continuation noted by a total return of 5.37%. This multi-faceted performance reflects a robust upside potential.

📈 Technical View

The stock is exhibiting a bullish trend with higher highs and higher lows, currently at ₹812.85, which is near the all-time high. The distance from the 52-week high is 0.0%, indicating it is testing resistance levels. The recent bullish signal is reinforced by increased trade volumes, suggesting strong buying interest, especially noted in the context of an ATR of 2.87%. Furthermore, there's a significant trading volume increase of 1.45x compared to the 20-day average, supporting upward momentum.

🏦 Fundamental View

Latest quarterly results show a revenue growth of 21.7% YoY with a slight decrease in PAT of 2.81% QoQ. The balance sheet demonstrates stable net cash of ₹275 Cr, with a cautiously rising debt as seen in the computed debt ratio of 0.25. ROCE stands at 17.1% while EPS has a promising CAGR of 21.78%, affirming the company's health in terms of profitability and financial leverage.

🧭 Sector View

INDHOTEL is situated in a consumer services sector reflecting solid strength, with its 60.35% sector strength implying a favorable environment for growth. Peer comparisons show that INDHOTEL ranks highly amongst 34 competitors.

💰 Valuation

The stock has a high P/E ratio of 57.1, potentially indicating a stretched valuation relative to the sector.

🚀 Key Catalysts

Recent quarterly revenue at ₹2484 Cr, showing QoQ growth of 6.2%
Strong earnings quality with an OCF to PAT ratio of 1.04
Stable operations with an OPM of 33% despite fluctuating PAT trends

⚠️ Key Risks

High P/E of 57.1 may restrict further upside in case of missing growth estimates
Rising debt trend with a D/E ratio of 0.25
Cyclical risks associated with the consumer services and hospitality sector

🔍 Research Observation

INDHOTEL presents a compelling opportunity underpinned by robust earnings fundamentals and a bullish technical setup, though caution is warranted regarding valuation levels.

🏛️ Analyst / Street Consensus (synthesised — no live broker feed)

Consensus Rating

BUY

12m Target (median)

—

Range: — – —

Estimate Trend (3M)

Upward

📐 Synthesized based on projected EPS multiplied by peer median valuation.

📈 Bull case (would highlight)

Strong earnings momentum supported by recent quarterly results
Margin expansion stabilized at high OPM levels
RS leadership and breakout above key resistance levels

📉 Bear case (would flag)

High valuation metrics raise concerns on sustainability
Rising debt may exert pressure on future growth
Sector-specific cyclical risks could impact hospitality revenues

⚠️ Synthesized from dossier — no live broker poll wired.

Narrative: Despite the high valuation, the consensus appears bullish on INDHOTEL, with expectations surrounding earnings momentum and positive sentiment based on the recent quarterly results. Some analysts caution about the elevated debt levels and potential cyclical risks in the hospitality sector. Overall, recent revisions have leaned towards positive as the EPS estimates are trending upward, suggesting optimism.

T Technicals

Closei	₹812.85 (2026-10-27)
EMA 20/50/200i	₹754.14 / ₹737.39 / ₹709.12
EMA50 slope (20d)i	1.93%
RSI(14)i	71.88
ATR(14)i	₹23.35 (2.87%)
52W High / Lowi	₹812.85 / ₹565.00
From 52W highi	0.0%
Returns 1M/3M/6M/1Yi	11.5% / 10.8% / 26.1% / 10.2%
Vol vs 20d avgi	1.45x

F Fundamental Scores

Piotroski F-scorei	3 / 6 (approx)
Altman Z-scorei	2.50 (Z′ approx)
Beneish M-scorei	-2.46 (low, simplified)
Forensic riski	moderate (derived)
ROE / ROCEi	17.4% (computed) / 19.5% (computed)
Revenue growth (3Y)i	15.8% (4Y CAGR)
PAT growth (3Y)i	22.5% (4Y CAGR)
Debt / Equityi	0.25 (computed)
Promoter holdingi	38.1%
FII / DII holdingi	22.1% / 24.5%
NPMi	22.7% (computed)
EPSi	15.53

Q Quality Score Breakdown

Earnings Qualityi68.0

Sales Growthi71.7

Financial Strengthi76.7

Institutionali76.0

Compositei71.8

CANSLIM (O'Neil)i19.0

Minervini Trendi15.0

CANSLIM Breakdown (C·A·N·S·L·I·M)

Composite (C+A+N+S+L): 15/25 · Stored: 19/25

Current Earnings✓ real

PAT YoY +19.5%

3/5

Annual Earnings✓ real

PAT CAGR +7.8% (2Y)

1/5

New Highs / Volumederived

Vol 1.5x 20d avg

1/5

Supply / Demandderived

Price > EMA50 > EMA200 (full stack)

5/5

Leader (RS)✓ real

RS +89.1pp vs Nifty 500

5/5

Institutional✓ real · info-only

FII+DII 46.6%

5/5

Market Directioncontext · info-only

—

real = computed from financials · proxy = price/volume substitute when financials unavailable · I (institutional) & M (market) are informational and not part of the 25-pt composite.

$ Valuation

Pricei	₹812.9
EPS (TTM proxy)i	15.53
P/E (Screener ratios)	57.1x
P/E (derived price ÷ EPS)	52.3x
Market cap (Screener)	₹114,735 Cr
Market-cap bucketi	MID_CAP
Book value	₹95.8
Dividend yield	0.4%
Sales (latest)i	—
PAT (latest)i	—
Net debt (3Y)i	₹-275 Cr

Valuation fields come from scores.fundamentals.ratios_summary when available. Derived P/E is shown only when it materially differs from the parsed Screener ratio.

S Sector Context

Sector: Consumer Services
Sub-sector: Unmapped
Sector strength: 60.35
Peer avg RS: 61.2% · Avg tech: 60.35 · Avg fund: 55.63
Sector universe: 34 stocks

🎯 Targets & Risk / Reward

Model ref range	₹754 – ₹813
Model inv. level	₹707
Ref target 2M	₹883
Ref target 4M	₹930
Ref target 6M	₹1,069

Reward / Risk (4M)	1.11×
Reward / Risk (6M)	2.43×
Risk per share	₹105
Extension	EXTENDED - 7.8% above EMA20; RSI 72; new 52w high +0.0%
Illustrative weight	5% (model only — not a personal allocation recommendation)

Risk score breakdown: ATR 2.9% (+0.5) · Near high +0.0% (+1.0) · RSI 72 (+1.0) · Extended (+1.0) · Debt rising (+1.0)

🛡 Risk Score

4.5 / 10

MEDIUM

0–3 LOW · 4–6 MEDIUM · 7–10 HIGH. Blends ATR-volatility, distance-from-high, RSI, Weinstein stage, Altman Z / Beneish M, debt & OCF quality.

Q Latest Quarterly Results

Quarter	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
Sep 2026	2484	28	380	2.46
Jun 2026	2339	29	391	2.51
Mar 2026	2765	35	645	4.21
Dec 2025	2842	38	954	6.35

Rev QoQ +6.2% · YoY +21.7% · PAT QoQ -2.8% · YoY +19.5% · OPM vs 4Q avg -500 bps

A 5-Year Annual Trajectory

FY	Revenue (₹ Cr)	OPM %	PAT (₹ Cr)	EPS
TTM	10431	33	2370	15.53
Mar 2026	9689	33	2247	14.64
Mar 2025	8335	33	2038	13.40
Mar 2024	6769	32	1330	8.85
Mar 2023	5810	31	1053	7.06

4Y CAGR — Revenue 15.8% · PAT 22.5% · EPS 21.8%

B Balance Sheet (3Y)

FY	Borrowings (₹ Cr)	Net Debt (₹ Cr)	Total Assets (₹ Cr)
Sep 2026	3471	-275	21895
Mar 2026	2837	-769	20221
Mar 2025	3084	805	17616

Debt trend rising · Net cash positive

C Cash Flow (3Y) & Quality

FY	Operating CF	Investing CF	FCF proxy
Mar 2026	2471	-1346	1125
Mar 2025	2194	-1869	325
Mar 2024	1935	-1208	727

OCF/PAT (latest FY) 1.04 → earnings quality: HIGH

N Corporate Events & Insider Activity (90d)

2026-10-21 — RESULT_ANNOUNCEMENT: Financial Results

📄 Latest Filings Snapshot

P&L: Sales: 10,431 Cr (YoY +7.7%); NetProfit: 2,370 Cr (YoY +5.5%); EPS: 15.53
Quarterly: Sales last 3Q: 2,765, 2,339, 2,484 Cr; Net Profit last 3Q: 645, 391, 380 Cr
Ratios: P/E: 57.1; ROCE: 17.1; ROE: 14.2; Div Yield: 0.40; Book Value: 95.8; Mkt Cap: 1,14,735
Investors: Promoters 38.12% | FII 22.12% | DII 24.46% | Govt 0.00% | Public 15.31%

Why selected: Portfolio lab best strategy `stage2_continuation_v1` confirms as open position; current Stage 2 inv=91.0 · The confluence of strong growth metrics and favorable technical indicators supports a high-conviction stance.

⚖️ Full Disclaimer & Use Restrictions

Disclaimer: Not investment advice or a trading recommendation. Educational AI/rules-based market intelligence only. Use, replication, or trading action is at the user's own risk and legal obligation.

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