Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

OBSC Perfection Ltd

OBSCP
Auto Ancillaries - Diversified

OBSC Perfection Ltd's price has outrun its earnings. +106.5% in a year against EPS +52.6% — the market is paying now for delivery later.

The sharpest disagreement: profits are rising, but only 21% 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 confirmed uptrend (88 weeks in) while the P/E sits at the 97th percentile of its own 2-year range. Underneath, the last four quarters read improving — profit +70.1% year on year, and 21% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Price
₹617
+106.5% 1Y
P/E
56.0×
97th pctile
of its own 2-year range
Revenue (Mar 26)
₹71.5 Cr
+77.4% YoY
Profit (Mar 26)
₹8.7 Cr
+70.1% YoY
Operating margin
17.1%
+1.3 pp YoY
ROCE
20%
FY26
ROIC
14.8%
vs WACC 12.0% → +2.8 pp
Cash conversion
21%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

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.

OBSC Perfection Ltd trades at ₹617, in a confirmed uptrend and 88 weeks into that stage. That is +60.4% against its own 200-day average. It sits at 87% of a 52-week range of ₹291 to ₹666. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 24 straight weeks.

Today the stock is in a confirmed uptrend — week 88 of stage 2, confirmed. At ₹617 it trades +60.4% versus its 200-day average and sits at 87% of its 52-week range (₹291–₹666).

Jul 26: ₹617 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 2-year window.
+60.4% versus the 200-day line, week 88 of stage 2
Price50-day avg200-day avg
S2₹710₹550₹391₹231₹71.9₹617₹385Nov 24Apr 25Sep 25Mar 26Jul 26
S2₹710₹550₹391₹231₹71.9₹617₹385Nov 24Sep 25Jul 26
Beating or trailing, week by week since 2024 Each cell is one week from 2024 to now (96 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Nov 24Jul 26

Against the market, two honest reads. Cumulative: over the last 1.7 years the stock moved +362% while the NIFTY 500 moved +1% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 24 straight weeks — 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 97th percentile of its own range.

02 · Valuation

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.

OBSC Perfection Ltd trades at 56.0× P/E, at the pricey end of its own range (97th percentile). Its long-run median P/E is 37.4×, measured across 1.7 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 56.0× is at the pricey end of its own range (97th percentile), against a long-run median of 37.4× measured over 1.7 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 56.0× vs a 37.4× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 1.7-year window; loss-period spikes above 59× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (97th percentile)
P/EMedianEPS (TTM) (quarterly)
62.4×₹11.350.5×₹8.538.6×₹5.626.8×₹2.814.9×₹0.0×56.00×₹10Nov 24Apr 25Oct 25Mar 26Jul 26
62.4×₹11.350.5×₹8.538.6×₹5.626.8×₹2.814.9×₹0.0×56.00×₹10Nov 24Oct 25Jul 26
P/E
56.0×
97th percentile of 2y

🚨 Why the multiple sits where it does: over the past year annual EPS moved +52.6% against a +106.5% price move — the price outran earnings, pushing the multiple UP its own range.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — 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.

03 · Stage: No read

Stage: No read 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).

OBSC Perfection Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 5 quarters across 1 curve, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
86%87%54%57%23%27%−8.8%−2.7%−40%−33%%%77.4%70.1%−24.3%Sep 23Dec 24Mar 26
86%87%54%57%23%27%−8.8%−2.7%−40%−33%%%77.4%70.1%−24.3%Sep 23Dec 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
32%29%26%22%19%%20%FY23FY24FY26
32%29%26%22%19%%20%FY23FY24FY26
ROCE
Steady high
latest 20.0% · span 20.0%–31.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

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.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Growth, year by year: revenue +54.9% in FY26, profit +58.8% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
73%151%59%111%45%70%31%29%17%−11%%%54.9%58.8%FY22FY24FY26
73%151%59%111%45%70%31%29%17%−11%%%54.9%58.8%FY22FY24FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis).
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
1.3%19%0.7%7.3%0.1%−4.3%−0.5%−16%−1.1%−28%%%0.1%15.7%Sep 23Dec 24Mar 26
1.3%19%0.7%7.3%0.1%−4.3%−0.5%−16%−1.1%−28%%%0.1%15.7%Sep 23Dec 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+54.9%+32.3%
Profit+58.8%+75.4%
EPS+52.6%+39.6%
Share price+106.5%
Revenue YoY (Mar 26)
+77.4%
latest quarter vs a year ago
Profit YoY (Mar 26)
+70.1%
latest quarter vs a year ago
Revenue 10y
40.8%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

57.3/100 — rank 6 of 20 in Auto Ancillaries - Diversified · 72% evidence confidence

OBSC Perfection Ltd scores 57.3 out of 100 against the 20 companies it is compared with in Auto Ancillaries - Diversified, ranking 6. Price leads the evidence: RS versus the benchmark is 71.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 14.6 + 14.1 + 9 + 19.6 = 57.3. 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.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

OBSC Perfection Ltd reported ₹71.5 Cr of revenue in the Mar 26 quarter, +77.4% year on year. That is the 2nd straight quarter of year-on-year growth. Over 4 years it has compounded at 40.8% a year. The last full year, FY26, came in at ₹220 Cr. The last four reported quarters add to ₹218 Cr.

OBSC Perfection Ltd reported ₹71.5 Cr of revenue in the Mar 26 quarter, +77.4% year on year. That is the 2nd straight quarter of year-on-year growth. Over 4 years it has compounded at 40.8% a year. The last full year, FY26, came in at ₹220 Cr. The last four reported quarters add to ₹218 Cr.

FY26 revenue came in at ₹220 Cr (+54.9% on the year), capping 4 years at 40.8% compound. The latest quarter (Mar 26) printed ₹71.5 Cr, +77.4% year on year — the 2nd consecutive quarter of year-over-year growth.

FY26 revenue ₹220 Cr (+54.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
40.8% a year over 4 years
RevenueYoY growth
23873%17859%11945%5931%017%₹ Cr%₹22054.9%FY22FY24FY26
23873%17859%11945%5931%017%₹ Cr%₹22054.9%FY22FY24FY26
Mar 26: ₹71.5 Cr (+77.4% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Revenue (quarterly)YoY growth
7786%5854%3923%19−8.8%0−40%₹ Cr%₹7277.4%Sep 23Dec 24Mar 26
7786%5854%3923%19−8.8%0−40%₹ Cr%₹7277.4%Sep 23Dec 24Mar 26

Pace check: the last four quarters averaged +21.3% growth against the decade's 40.8% — the current year is running slower than its own long-run rate.

→ Revenue grew — did margins hold as it scaled? Next: 17.1% this quarter (+1.3 pp YoY).

06 · Operating margin

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.

OBSC Perfection Ltd's operating margin is 17.1% in the Mar 26 quarter, +1.3 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across the last four quarters the operating margin has moved −3.0 percentage points. Across 5 fiscal years the operating margin has ranged 10.0% to 18.0%.

OBSC Perfection Ltd's operating margin is 17.1% in the Mar 26 quarter, +1.3 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across the last four quarters the operating margin has moved −3.0 percentage points. Across 5 fiscal years the operating margin has ranged 10.0% to 18.0%.

The latest quarter's operating margin is 17.1%, +1.3 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 10.0%–18.0%, and FY26's 18.0% is the top of that band — a record year.

🚨 Why the margin moved: operating margin went −3.0 pp year on year while gross margin went −2.3 pp — the loss came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 18.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 5-year window.
the widest a 10.0–18.0% band over 5 years
operating marginYoY change (pp)
19%8.9%16%5.7%14%2.5%12%−0.7%9.4%−3.9%%%18%0%FY22FY24FY26
19%8.9%16%5.7%14%2.5%12%−0.7%9.4%−3.9%%%18%0%FY22FY24FY26
Mar 26: 17.1% operating margin (+1.3 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
20%2.5%19%0.7%18%−1.1%17%−3.0%15%−4.8%%%17.1%1.3%Sep 23Dec 24Mar 26
20%2.5%19%0.7%18%−1.1%17%−3.0%15%−4.8%%%17.1%1.3%Sep 23Dec 24Mar 26

→ Margins held — did that reach the bottom line? Next: profit +70.1% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

OBSC Perfection Ltd earned ₹8.7 Cr of net profit in the Mar 26 quarter, +70.1% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹27.0 Cr. The 4-year compound rate is 61.2%. That is 12.1% of the quarter's revenue. The same quarter a year earlier earned ₹4.4 Cr.

OBSC Perfection Ltd earned ₹8.7 Cr of net profit in the Mar 26 quarter, +70.1% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹27.0 Cr. The 4-year compound rate is 61.2%. That is 12.1% of the quarter's revenue. The same quarter a year earlier earned ₹4.4 Cr.

Mar 26 profit was ₹8.7 Cr, +70.1% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹27.0 Cr (+58.8%), and the 4-year compound rate is 61.2%.

FY26 profit ₹27.0 Cr (+58.8% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
61.2% a year over 4 years
Net profitYoY growth
29149%22116%1583%749%016%₹ Cr%₹2758.8%FY22FY24FY26
29149%22116%1583%749%016%₹ Cr%₹2758.8%FY22FY24FY26
Mar 26: ₹8.7 Cr (+70.1% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Net profit (quarterly)YoY growth
986%757%528%20.0%0−30%₹ Cr%₹970.1%Sep 23Dec 24Mar 26
986%757%528%20.0%0−30%₹ Cr%₹970.1%Sep 23Dec 24Mar 26

Why profit moved: revenue contributed +77.4% and the margin +1.3 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +27.9% vs revenue +21.3%. 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: 21% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

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 21% of OBSC Perfection Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−2.0 Cr of operating cash against ₹27.0 Cr of profit. After ₹53.0 Cr of capital spending, ₹−55.0 Cr was left as free cash.

FY26: operating cash of ₹−2.0 Cr against reported profit of ₹27.0 Cr, leaving free cash of ₹−55.0 Cr after ₹53.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 21% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−2.0 Cr vs profit ₹27.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 5-year window, annual resolution.
21% of 3-year profit arrived as cash
Operating cashNet profitFree cash
3410−14−38−62₹ Cr₹−2₹27₹−55FY22FY24FY26
3410−14−38−62₹ Cr₹−2₹27₹−55FY22FY24FY26
FY26: CFO = −7% of profit (three-year rate 21%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
163%117%72%26%−20%%−7%FY22FY24FY26
163%117%72%26%−20%%−7%FY22FY24FY26

🚨 Why conversion sits at 21%: the cash cycle stretched 76 days between FY22 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 76 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 101-day cycle, in money terms.

09 · Where the cash goes

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).

OBSC Perfection Ltd's cash conversion cycle runs 101 days in FY26, up from 25 days in FY22. Capital spending ran ₹97.0 Cr over the last 3 years. At FY26 sales of ₹220 Cr each day of that cycle holds about ₹0.6 Cr, so roughly ₹61.0 Cr sits inside the business at any moment.

FY26: debtors at 110 days, inventory at 110 days — roughly 3.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 101 days, looser than FY22's 25.

The full loop: cash goes out to suppliers and production on day 0; stock waits 110 days to sell; customers pay about 110 days after that; and suppliers themselves are paid at 119 days — netting out to the 101-day cycle.

In money terms: at FY26 sales of ₹220 Cr, each day of the cycle holds about ₹0.6 Cr — so the 101-day loop keeps roughly ₹61.0 Cr sitting inside the business at any moment.

FY26: a 101-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 5-year window.
+76 days vs FY22
Cash cycleInventory daysDebtor daysPayable days
160124885115days101d110d110d119dFY22FY23FY24FY25FY26
160124885115days101d110d110d119dFY22FY24FY26

On the investment side: capital spending of ₹97.0 Cr over the last 3 fiscal years against ₹14.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹6.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹53.0 Cr, work-in-progress ₹6.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
574329140₹ Cr₹53₹6FY23FY24FY26
574329140₹ Cr₹53₹6FY23FY24FY26

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 20% and the ROIC − WACC spread is +2.8 pp.

10 · Return on capital

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.⚠ unverified

OBSC Perfection Ltd earns a ROCE of 20% in FY26. That is up from a trough of 20% in FY23. Return on invested capital clears the cost of that capital by +2.8 percentage points, so growth here adds value rather than only size. The wiring behind it is 12.3% net margin on 0.74× asset turns.

FY26 ROCE is 20%, recovered from a FY23 trough of 20% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 12.3% net margin × 0.74× asset turns × 1.72× balance-sheet leverage ≈ 15.7% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 14.8% − 12.0% = a +2.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.

FY26: ROCE 20% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 4-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY23's 20%
ROCEROIC (annual)WACC
33%27%22%16%10%%20%16.2%FY23FY24FY26
33%27%22%16%10%%20%16.2%FY23FY24FY26
Q4 FY26: ROCE 15.9% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 5 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
18%16%15%13%12%%15.9%16.8%Q4 FY25Q2 FY26Q4 FY26
18%16%15%13%12%%15.9%16.8%Q4 FY25Q2 FY26Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.40.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

OBSC Perfection Ltd carries total debt of ₹69.0 Cr against shareholder equity of ₹172 Cr as of Mar 26, a debt-to-equity of 0.40. On the annual view that ratio went from 0.26 in FY25 to 0.40 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹69.0 Cr against shareholder equity of ₹172 Cr — a debt-to-equity of 0.40. On the annual view, debt-to-equity went from 0.26 (FY25) to 0.40 (FY26). Read the returns on this page with that leverage in mind.

FY26: debt ₹69.0 Cr at 0.40× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 2-year window.
Total debtDebt-to-equity
750.41×560.37×370.33×190.29×00.25×₹ Cr×₹690.40×FY25FY26
750.41×560.37×370.33×190.29×00.25×₹ Cr×₹690.40×FY25FY26
Mar 26: debt ₹69.0 Cr, debt-to-equity 0.40 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 6 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
751.5×561.1×370.8×190.5×00.2×₹ Cr×₹690.40×Jun 24Jun 25Mar 26
751.5×561.1×370.8×190.5×00.2×₹ Cr×₹690.40×Jun 24Jun 25Mar 26

→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 8.8 points over 7 quarters.

12 · Ownership

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.

Foreign institutions cut 8.8 points of OBSC Perfection Ltd over 7 quarters, the biggest move on the register. That takes foreign institutions to 0.6% of the company. Promoters moved −3.2 points over the same window, to 69.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −8.8 points over 7 quarters to 0.6%; Promoters: −3.2 points over 7 quarters to 69.8%; Domestic institutions: −1.8 points over 7 quarters to 1.6%.

🚨 Why the register moved: foreign institutions drove it (−8.8 points), alongside promoters (−3.2 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −3.7 pts from Mar 25 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 2 year-ends held.
PromotersForeign inst.Domestic inst.Public
79%58%37%16%−4.5%%69.8%1.6%1.3%27.3%Mar 25Mar 26
79%58%37%16%−4.5%%69.8%1.6%1.3%27.3%Mar 25Mar 26
Foreign institutions cut 8.8 points over 7 quarters Shareholding by holder class, % of the company, quarterly, last 8 quarters.
PromotersForeign inst.Domestic inst.Public
79%58%37%16%−5.2%%69.8%0.6%1.6%27.9%Oct 24Sep 25Jun 26
79%58%37%16%−5.2%%69.8%0.6%1.6%27.9%Oct 24Sep 25Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · 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.

OBSC Perfection 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.

Related companies · same sector · Auto Ancillaries - Diversified Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
OBSC Perfection Ltd this page56.0×₹1,512 CrNo read
Samvardhana Motherson International Ltd36.0×₹1.5L CrTurning around
Bosch Ltd59.0×₹1.2L CrMixed
Endurance Technologies Ltd39.7×₹37,051 CrConsistent
Motherson Sumi Wiring India Ltd42.6×₹26,600 CrMixed
ZF Commercial Vehicle Control System India Ltd52.3×₹26,410 CrTopping out
Sansera Engineering Ltd59.1×₹19,874 CrMixed
Minda Corporation Ltd44.8×₹16,173 CrMixed
Lumax Auto Technologies Ltd34.7×₹9,991 CrConsistent
Varroc Engineering Ltd38.7×₹9,820 CrTurning around
S J S Enterprises Ltd44.0×₹7,475 CrConsistent
Suprajit Engineering Ltd35.5×₹6,646 CrTurning around
Sharda Motor Industries Ltd14.3×₹4,744 CrMixed
Carraro India Ltd22.1×₹3,036 CrNo read
NDR Auto Components Ltd30.9×₹1,933 CrMixed
Jay Bharat Maruti Ltd12.5×₹1,747 CrNo read
Automobile Corporation Of Goa Ltd18.7×₹1,353 CrTurning around
Precision Camshafts Ltd53.4×₹1,317 CrMixed
Automobile Corporation Of Goa Ltd15.1×₹1,027 CrTurning around
Munjal Auto Industries Ltd28.2×₹998 CrNo read
Mercury EV-Tech Ltd160.0×₹667 CrDeteriorating
12 · Frequently asked questions

Frequently asked questions

What is OBSC Perfection Ltd's share price today?

OBSC Perfection Ltd trades at ₹617, +106.5% over the past year. The company is valued at ₹1,512 Cr. The stock sits at 87% of its 52-week range of ₹291–₹666, +60.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 88 weeks in. — as of 24 July 2026.

What were OBSC Perfection Ltd's latest quarterly results?

OBSC Perfection Ltd reported revenue of ₹71.5 Cr and net profit of ₹8.7 Cr for the Mar 26 quarter. Revenue rose 77.4% and profit rose 70.1% year on year. Earnings per share were ₹3.35. The operating margin was 17.1%, 1.3 pp higher than a year earlier. — as of 24 July 2026.

What is OBSC Perfection Ltd's revenue?

OBSC Perfection Ltd reported revenue of ₹71.5 Cr in the Mar 26 quarter, +77.4% year on year. For the full FY26 fiscal year, revenue was ₹220 Cr (+54.9%). Over the last 4 years revenue compounded at 40.8% a year. — as of 24 July 2026.

What is OBSC Perfection Ltd's profit?

OBSC Perfection Ltd earned ₹8.7 Cr of net profit in the Mar 26 quarter, +70.1% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹27.0 Cr. The operating margin ran 17.1% in the latest quarter. — as of 24 July 2026.

What is OBSC Perfection Ltd's market cap?

OBSC Perfection Ltd's market capitalisation is ₹1,512 Cr at a share price of ₹617. 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 OBSC Perfection Ltd's P/E ratio?

OBSC Perfection Ltd trades at a P/E of 56.0×, at the 97th percentile of its own 2-year range, against a long-run median of 37.4×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does OBSC Perfection Ltd pay a dividend?

No — OBSC Perfection Ltd has recorded a dividend payout of 0% of profit in each of its last 5 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.

Is OBSC Perfection Ltd overvalued?

On its own history, OBSC Perfection Ltd looks expensive against its own history: its P/E of 56.0× sits at the 97th percentile of its 2-year range (long-run median 37.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.

Is OBSC Perfection Ltd growing?

Yes — OBSC Perfection Ltd is growing: latest-quarter revenue +77.4% year on year, profit +70.1%, and the margin +1.3 pp at 17.1%. The 4-year compound rates are 40.8% (revenue) and 61.2% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is OBSC Perfection Ltd performing?

OBSC Perfection Ltd is in a confirmed uptrend, 88 weeks in. Its latest quarter's revenue rose 77.4% and profit rose 70.1% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 24 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

Is OBSC Perfection Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 88 of stage 2), trading +60.4% versus its 200-day average and at 87% 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 OBSC Perfection Ltd beating the market?

On recent form, yes — OBSC Perfection Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 24 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 1.7 years the stock moved +362% against the NIFTY 500's +1% — ahead of the index over the full window. — as of 24 July 2026.

Will OBSC Perfection Ltd's share price go up?

This page publishes no price forecast for OBSC Perfection Ltd. What it measures instead: the share price is ₹617, the price is in a confirmed uptrend 88 weeks in. Its P/E of 56.0× sits at the 97th percentile of its own 2-year range. — as of 24 July 2026.

Who owns OBSC Perfection Ltd?

Promoters hold 69.8% of OBSC Perfection Ltd, foreign institutions 0.6%, domestic institutions 1.6% and the public 27.9% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 8.8 points over 7 quarters. — as of 24 July 2026.

Does OBSC Perfection Ltd have too much debt?

It is moderate — OBSC Perfection Ltd's debt-to-equity is 0.40, and operating profit covers the interest bill 10×. FY26 borrowings were ₹69.0 Cr against equity of ₹172 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.

What is OBSC Perfection Ltd's capex?

OBSC Perfection Ltd spent ₹97.0 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 ₹53.0 Cr, with ₹6.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is OBSC Perfection Ltd's cash flow?

OBSC Perfection Ltd generated ₹−2.0 Cr of operating cash flow in FY26 and ₹−55.0 Cr of free cash flow after ₹53.0 Cr of capital spending. Reported profit that year was ₹27.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is OBSC Perfection Ltd's profit real cash?

Not fully — over the last 3 fiscal years, 21% of OBSC Perfection Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−2.0 Cr against reported profit of ₹27.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.

Where is OBSC Perfection Ltd in its business cycle?

OBSC Perfection Ltd's FY26 operating margin was 18.0%, against a 5-year band of 10.0%–18.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 17.1%. 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 OBSC Perfection Ltd story?

The sharpest disagreement: profits are rising, but only 21% 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 OBSC Perfection Ltd a stock worth studying right now?

This is not investment advice. The machine read: OBSC Perfection Ltd's price has outrun its earnings. +106.5% in a year against EPS +52.6% — the market is paying now for delivery later. 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.

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