KNR Constructions Ltd
KNRCONKNR Constructions Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: profits are rising, but only −46% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a downtrend (74 weeks in) while the P/E sits at the 13th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +1,225.0% year on year, and −46% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
KNR Constructions Ltd trades at ₹123, in a downtrend and 74 weeks into that stage. That is −18.1% against its own 200-day average. It sits at 14% of a 52-week range of ₹110 to ₹204. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (3 weeks and counting).
Today the stock is in a downtrend — week 74 of stage 4, confirmed. At ₹123 it trades −18.1% versus its 200-day average and sits at 14% of its 52-week range (₹110–₹204).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +138% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (3 weeks and counting; last ahead the week of 2026-07-01) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 13th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
KNR Constructions Ltd trades at 7.8× P/E, near the bottom of its own range — cheaper only 13% of the time. Its long-run median P/E is 16.2×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 7.8× is near the bottom of its own range — cheaper only 13% of the time, against a long-run median of 16.2× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −56.4% against a −45.3% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the −13.7%/yr price move, ~+5.5%/yr came from earnings growth and ~−19.2 pp from the multiple (compressing); over 10y, of the +8.0%/yr price move, ~+20.5%/yr came from earnings growth and ~−12.5 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 1,634% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Improving Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
KNR Constructions Ltd reads as improving on its fundamental arc. Improving — profit growth bottomed 3 quarters ago at −81.9% and has held its recovery at +1225.0% (single-quarter readings), ROCE slipping at 10.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: a sustained climb off the trough is the setup this page is built to catch — the question moves to what you pay for it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −43.2% | −12.7% | −1.5% | +8.5% |
| Profit | −56.4% | −0.2% | +2.7% | +14.6% |
| EPS | −56.4% | −1.6% | +1.4% | +14.6% |
| Share price | −45.3% | −21.1% | −13.7% | +8.0% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
40.3/100 — rank 13 of 17 in Infra - Construction & Contracting · 77% evidence confidence
KNR Constructions Ltd scores 40.3 out of 100 against the 17 companies it is compared with in Infra - Construction & Contracting, ranking 13. Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
The four contributions add to the total exactly: 7.9 + 12.6 + 14 + 5.8 = 40.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
KNR Constructions Ltd reported ₹696 Cr of revenue in the Mar 26 quarter, −28.6% year on year. Over 10 years it has compounded at 8.5% a year. The last full year, FY26, came in at ₹2,698 Cr. The last four reported quarters add to ₹2,698 Cr.
KNR Constructions Ltd reported ₹696 Cr of revenue in the Mar 26 quarter, −28.6% year on year. Over 10 years it has compounded at 8.5% a year. The last full year, FY26, came in at ₹2,698 Cr. The last four reported quarters add to ₹2,698 Cr.
FY26 revenue came in at ₹2,698 Cr (−43.2% on the year), capping 10 years at 8.5% compound. The latest quarter (Mar 26) printed ₹696 Cr, −28.6% year on year.
Pace check: the last four quarters averaged −36.4% growth against the decade's 8.5% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −43.2% over the last 4 quarters against −22.0%/yr over the last 8 — rolling over; TTM profit −56.4% vs −23.8%/yr — rolling over.
→ Revenue slipped — did margins hold as it scaled? Next: 24.0% this quarter (+1.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
KNR Constructions Ltd's operating margin is 24.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 14.0% to 34.0%. The current quarter sits inside that band.
KNR Constructions Ltd's operating margin is 24.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 14.0% to 34.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 24.0%, +1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 14.0%–34.0%.
Why the margin moved: operating margin went +1.6 pp year on year while gross margin went +9.7 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit +1,225.0% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
KNR Constructions Ltd earned ₹106 Cr of net profit in the Mar 26 quarter, +1,225.0% year on year. Full-year FY26 profit was ₹437 Cr. The 10-year compound rate is 14.6%. That is 15.2% of the quarter's revenue. The same quarter a year earlier earned ₹8.0 Cr.
KNR Constructions Ltd earned ₹106 Cr of net profit in the Mar 26 quarter, +1,225.0% year on year. Full-year FY26 profit was ₹437 Cr. The 10-year compound rate is 14.6%. That is 15.2% of the quarter's revenue. The same quarter a year earlier earned ₹8.0 Cr.
Mar 26 profit was ₹106 Cr, +1,225.0% year on year. On the full year, FY26 printed ₹437 Cr (−56.4%), and the 10-year compound rate is 14.6%.
Why profit moved: revenue contributed −28.6% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +264.7% vs revenue −36.4%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: −46% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −46% of KNR Constructions Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−149 Cr of operating cash against ₹437 Cr of profit. After ₹6.0 Cr of capital spending, ₹−155 Cr was left as free cash.
FY26: operating cash of ₹−149 Cr against reported profit of ₹437 Cr, leaving free cash of ₹−155 Cr after ₹6.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −46% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −46%: the cash cycle stretched 38 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 38 days — the next section's job is to find where the cash is stuck.
→ So follow the cash to where it goes. Next: the 39-day cycle, in money terms.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
KNR Constructions Ltd's cash conversion cycle runs 39 days in FY26, up from 1 days in FY21. Capital spending ran ₹66.0 Cr over the last 3 years. At FY26 sales of ₹2,698 Cr each day of that cycle holds about ₹7.4 Cr, so roughly ₹288 Cr sits inside the business at any moment.
FY26: debtors at 109 days, inventory at 63 days — roughly 2.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 39 days, looser than FY21's 1.
The full loop: cash goes out to suppliers and production on day 0; stock waits 63 days to sell; customers pay about 109 days after that; and suppliers themselves are paid at 134 days — netting out to the 39-day cycle.
In money terms: at FY26 sales of ₹2,698 Cr, each day of the cycle holds about ₹7.4 Cr — so the 39-day loop keeps roughly ₹288 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹66.0 Cr over the last 3 fiscal years against ₹530 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 10%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
KNR Constructions Ltd earns a ROCE of 10% in FY26. That is up from a trough of 6% in FY15. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 16.2% net margin on 0.33× asset turns.
FY26 ROCE is 10%, recovered from a FY15 trough of 6% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 16.2% net margin × 0.33× asset turns × 1.63× balance-sheet leverage ≈ 8.7% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 1,634% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.49.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
KNR Constructions Ltd carries ₹2,444 Cr of borrowings against ₹4,972 Cr of equity in FY26, a debt-to-equity of 0.49. Operating profit covers the interest bill 3×. Over 5 years borrowings went from ₹764 Cr to ₹2,444 Cr. Capital spending ran ₹66.0 Cr across the last 3 of those years.
FY26: borrowings of ₹2,444 Cr against equity of ₹4,972 Cr — a debt-to-equity of 0.49. Operating profit covers the interest bill 3×. Over 5 years borrowings went from ₹764 Cr to ₹2,444 Cr while capital spending ran ₹66.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 1,634% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions cut 13.4 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions cut 13.4 points of KNR Constructions Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 17.3% of the company. Foreign institutions moved −2.8 points over the same window, to 5.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −13.4 points over 8 quarters to 17.3%; Foreign institutions: −2.8 points over 8 quarters to 5.4%; Promoters: +0.0 points over 8 quarters to 48.8%.
🚨 Why the register moved: domestic institutions drove it (−13.4 points), alongside foreign institutions (−2.8 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
KNR Constructions Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| KNR Constructions Ltd this page | 7.8× | ₹3,409 Cr | Improving | |||
| Larsen & Toubro Ltd | 31.7× | ₹5.2L Cr | Mixed | |||
| Rail Vikas Nigam Ltd | 53.5× | ₹46,815 Cr | Mixed | |||
| NBCC (India) Ltd | 38.3× | ₹25,337 Cr | Mixed | |||
| Cemindia Projects Ltd | 42.1× | ₹24,755 Cr | Consistent | |||
| IRB Infrastructure Developers Ltd | 26.9× | ₹23,685 Cr | Mixed | |||
| PNC Infratech Ltd | 13.6× | ₹6,111 Cr | Turning around | |||
| Hindustan Construction Company Ltd | 40.8× | ₹5,614 Cr | No read | |||
| H.G. Infra Engineering Ltd | 11.8× | ₹3,499 Cr | Mixed | |||
| Patel Engineering Ltd | 7.0× | ₹2,780 Cr | Turning around | |||
| Ramky Infrastructure Ltd | 11.3× | ₹2,568 Cr | Improving | |||
| Simplex Infrastructures Ltd | 48.0× | ₹1,892 Cr | No read | |||
| SPML Infra Ltd | 22.6× | ₹1,692 Cr | No read | |||
| Likhitha Infrastructure Ltd | 22.8× | ₹894 Cr | Deteriorating | |||
| Hazoor Multi Projects Ltd | 26.7× | ₹723 Cr | No read | |||
| Hazoor Multi Projects Ltd | 13.9× | ₹595 Cr | No read | |||
| Giriraj Civil Developers Ltd | 21.1× | ₹454 Cr | Turning around | |||
| Vishnu Prakash R Punglia Ltd | 59.9× | ₹412 Cr | Deteriorating |
Frequently asked questions
What is KNR Constructions Ltd's share price today?
KNR Constructions Ltd trades at ₹123, −45.3% over the past year. The company is valued at ₹3,409 Cr. The stock sits at 14% of its 52-week range of ₹110–₹204, −18.1% versus its 200-day average. On the tape, the price is in a downtrend, 74 weeks in. — as of 24 July 2026.
What were KNR Constructions Ltd's latest quarterly results?
KNR Constructions Ltd reported revenue of ₹696 Cr and net profit of ₹106 Cr for the Mar 26 quarter. Revenue fell 28.6% and profit rose 1,225.0% year on year. Earnings per share were ₹3.78. The operating margin was 24.0%, 1.0 pp higher than a year earlier. — as of 24 July 2026.
What is KNR Constructions Ltd's revenue?
KNR Constructions Ltd reported revenue of ₹696 Cr in the Mar 26 quarter, −28.6% year on year. For the full FY26 fiscal year, revenue was ₹2,698 Cr (−43.2%). Over the last 10 years revenue compounded at 8.5% a year. — as of 24 July 2026.
What is KNR Constructions Ltd's profit?
KNR Constructions Ltd earned ₹106 Cr of net profit in the Mar 26 quarter, +1,225.0% year on year. Full-year FY26 profit was ₹437 Cr. The operating margin ran 24.0% in the latest quarter. — as of 24 July 2026.
What is KNR Constructions Ltd's market cap?
KNR Constructions Ltd's market capitalisation is ₹3,409 Cr at a share price of ₹123. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is KNR Constructions Ltd's P/E ratio?
KNR Constructions Ltd trades at a P/E of 7.8×, at the 13th percentile of its own 10-year range, against a long-run median of 16.2×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does KNR Constructions Ltd pay a dividend?
Yes — KNR Constructions Ltd's dividend payout was 2% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is KNR Constructions Ltd overvalued?
On its own history, KNR Constructions Ltd looks cheap against its own history: its P/E of 7.8× has been cheaper only 13% of the time in 10 years (long-run median 16.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is KNR Constructions Ltd growing?
Yes — KNR Constructions Ltd is growing: latest-quarter revenue −28.6% year on year, profit +1,225.0%, and the margin +1.0 pp at 24.0%. The 10-year compound rates are 8.5% (revenue) and 14.6% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is KNR Constructions Ltd performing?
KNR Constructions Ltd is in a downtrend, 74 weeks in. Its latest quarter's revenue fell 28.6% and profit rose 1,225.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is KNR Constructions Ltd in?
Improving — profit growth bottomed 3 quarters ago at −81.9% and has held its recovery at +1225.0% (single-quarter readings), ROCE slipping at 10.0%. The read comes from the last 12 quarters of growth (revenue growth −28.6% latest, profit growth +1,225.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is KNR Constructions Ltd in an uptrend?
No — the price is in a downtrend (week 74 of stage 4), trading −18.1% versus its 200-day average and at 14% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is KNR Constructions Ltd beating the market?
Not lately — on a trailing-13-week view KNR Constructions Ltd is currently behind the NIFTY 500 (3 weeks and counting; last ahead the week of 2026-07-01), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +138% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will KNR Constructions Ltd's share price go up?
This page publishes no price forecast for KNR Constructions Ltd. What it measures instead: the share price is ₹123, the price is in a downtrend 74 weeks in. Its P/E of 7.8× sits at the 13th percentile of its own 10-year range. — as of 24 July 2026.
Who owns KNR Constructions Ltd?
Promoters hold 48.8% of KNR Constructions Ltd, foreign institutions 5.4%, domestic institutions 17.3% and the public 28.5% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 13.4 points over 8 quarters. — as of 24 July 2026.
Does KNR Constructions Ltd have too much debt?
It is moderate — KNR Constructions Ltd's debt-to-equity is 0.49, and operating profit covers the interest bill 3×. FY26 borrowings were ₹2,444 Cr against equity of ₹4,972 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is KNR Constructions Ltd's capex?
KNR Constructions Ltd spent ₹66.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹6.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is KNR Constructions Ltd's cash flow?
KNR Constructions Ltd generated ₹−149 Cr of operating cash flow in FY26 and ₹−155 Cr of free cash flow after ₹6.0 Cr of capital spending. Reported profit that year was ₹437 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is KNR Constructions Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −46% of KNR Constructions Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−149 Cr against reported profit of ₹437 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.
Where is KNR Constructions Ltd in its business cycle?
KNR Constructions Ltd's FY26 operating margin was 26.0%, against a 13-year band of 14.0%–34.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 24.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the KNR Constructions Ltd story?
The sharpest disagreement: profits are rising, but only −46% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is KNR Constructions Ltd a stock worth studying right now?
This is not investment advice. The machine read: KNR Constructions Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.