Sunteck Realty Ltd
SUNTECKSunteck Realty Ltd's earnings have outrun its stock. EPS grew +35.7% in a year against a −26.4% price move.
The sharpest disagreement: profits are rising, but only −31% 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 (31 weeks in) while the P/E sits at the 20th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +27.3% year on year, and −31% 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.
Sunteck Realty Ltd trades at ₹314, in a downtrend and 31 weeks into that stage. That is −12.3% against its own 200-day average. It sits at 21% of a 52-week range of ₹278 to ₹450. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.
Today the stock is in a downtrend — week 31 of stage 4, confirmed. At ₹314 it trades −12.3% versus its 200-day average and sits at 21% of its 52-week range (₹278–₹450).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +173% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 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 20th 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.
Sunteck Realty Ltd trades at 21.1× P/E, near the bottom of its own range — cheaper only 20% of the time. Its long-run median P/E is 34.7×, 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 21.1× is near the bottom of its own range — cheaper only 20% of the time, against a long-run median of 34.7× 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 +35.7% against a −26.4% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the −3.1%/yr price move, ~+35.9%/yr came from earnings growth and ~−39.0 pp from the multiple (compressing); over 10y, of the +9.5%/yr price move, ~+7.4%/yr came from earnings growth and ~+2.1 pp from the multiple (expanding). 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.
→ 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: Mixed 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).
Sunteck Realty Ltd reads as mixed on its fundamental arc. Mixed — the growth curves are steadily positive, but ROCE at 8.3% is below the 15% bar this page requires to call it Consistent. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +31.8% | +45.9% | +12.9% | +16.6% |
| Profit | +34.7% | +486.7% | +36.9% | +22.3% |
| EPS | +35.7% | +418.3% | +37.2% | +22.6% |
| Share price | −26.4% | −4.4% | −3.1% | +9.5% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
54.8/100 — rank 8 of 26 in Realty - Construction & Contracting · 93% evidence confidence
Sunteck Realty Ltd scores 54.8 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 8. Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -18.1% and the one-year return is -26.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
The four contributions add to the total exactly: 25.7 + 11.8 + 13.9 + 3.4 = 54.8. 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.
Sunteck Realty Ltd reported ₹192 Cr of revenue in the Jun 26 quarter, +2.1% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 16.6% a year. The last full year, FY26, came in at ₹1,124 Cr. The last four reported quarters add to ₹1,127 Cr.
Sunteck Realty Ltd reported ₹192 Cr of revenue in the Jun 26 quarter, +2.1% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 16.6% a year. The last full year, FY26, came in at ₹1,124 Cr. The last four reported quarters add to ₹1,127 Cr.
FY26 revenue came in at ₹1,124 Cr (+31.8% on the year), capping 10 years at 16.6% compound. The latest quarter (Jun 26) printed ₹192 Cr, +2.1% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +57.0% growth against the decade's 16.6% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +55.4% over the last 4 quarters against +18.0%/yr over the last 8 — accelerating; TTM profit +31.1% vs +45.3%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 35.0% this quarter (+10.0 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.
Sunteck Realty Ltd's operating margin is 35.0% in the Jun 26 quarter, +10.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0% to 44.0%. The current quarter sits inside that band.
Sunteck Realty Ltd's operating margin is 35.0% in the Jun 26 quarter, +10.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0% to 44.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 35.0%, +10.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0%–44.0%.
Why the margin moved: operating margin went +9.6 pp year on year while gross margin went +19.6 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit +27.3% 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.
Sunteck Realty Ltd earned ₹42.0 Cr of net profit in the Jun 26 quarter, +27.3% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹202 Cr. The 10-year compound rate is 22.3%. That is 21.9% of the quarter's revenue. The same quarter a year earlier earned ₹33.0 Cr.
Sunteck Realty Ltd earned ₹42.0 Cr of net profit in the Jun 26 quarter, +27.3% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹202 Cr. The 10-year compound rate is 22.3%. That is 21.9% of the quarter's revenue. The same quarter a year earlier earned ₹33.0 Cr.
Jun 26 profit was ₹42.0 Cr, +27.3% year on year — the 5th consecutive quarter of growth. On the full year, FY26 printed ₹202 Cr (+34.7%), and the 10-year compound rate is 22.3%.
Why profit moved: revenue contributed +2.1% and the margin +10.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +31.5% vs revenue +57.0%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: −31% 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 −31% of Sunteck Realty Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−432 Cr of operating cash against ₹202 Cr of profit. After ₹122 Cr of capital spending, ₹−554 Cr was left as free cash.
FY26: operating cash of ₹−432 Cr against reported profit of ₹202 Cr, leaving free cash of ₹−554 Cr after ₹122 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −31% 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 −31%: the cash cycle tightened 1,798 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 11.5× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹425 Cr of building over 3 years.
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).
Sunteck Realty Ltd's cash conversion cycle runs 5,090 days in FY26, down from 6,888 days in FY21. Capital spending ran ₹425 Cr over the last 3 years. At FY26 sales of ₹1,124 Cr each day of that cycle holds about ₹3.1 Cr, so roughly ₹15,674 Cr sits inside the business at any moment.
FY26: debtors at 37 days, inventory at 5,236 days — roughly 172.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 5,090 days, tighter than FY21's 6,888.
The full loop: cash goes out to suppliers and production on day 0; stock waits 5,236 days to sell; customers pay about 37 days after that; and suppliers themselves are paid at 183 days — netting out to the 5,090-day cycle.
In money terms: at FY26 sales of ₹1,124 Cr, each day of the cycle holds about ₹3.1 Cr — so the 5,090-day loop keeps roughly ₹15,674 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹425 Cr over the last 3 fiscal years against ₹37.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 8% and the ROIC − WACC spread is −7.5 pp.
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.
Sunteck Realty Ltd earns a ROCE of 8% in FY26. That is up from a trough of 1% in FY16. Return on invested capital clears the cost of that capital by −7.5 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 18.0% net margin on 0.11× asset turns.
FY26 ROCE is 8%, recovered from a FY16 trough of 1% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 18.0% net margin × 0.11× asset turns × 2.75× balance-sheet leverage ≈ 5.4% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 4.5% − 12.0% = a −7.5 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. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.21.
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.
Sunteck Realty Ltd carries total debt of ₹774 Cr against shareholder equity of ₹4,472 Cr as of Jun 26, a debt-to-equity of 0.17 — effectively unlevered. On the annual view that ratio went from 0.28 in FY22 to 0.17 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Jun 26: total debt of ₹774 Cr against shareholder equity of ₹4,472 Cr — a debt-to-equity of 0.17. On the annual view, debt-to-equity went from 0.28 (FY22) to 0.17 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions cut 4.0 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 4.0 points of Sunteck Realty Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 5.3% of the company. Foreign institutions moved −0.4 points over the same window, to 18.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −4.0 points over 8 quarters to 5.3%; Foreign institutions: −0.4 points over 8 quarters to 18.1%; Promoters: −0.1 points over 8 quarters to 63.1%.
🚨 Why the register moved: domestic institutions drove it (−4.0 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.
Sunteck Realty 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 |
|---|---|---|---|---|---|---|
| Sunteck Realty Ltd this page | 21.1× | ₹4,497 Cr | No read | |||
| SignatureGlobal India Ltd | 301.0× | ₹10,810 Cr | No read | |||
| Ganesh Housing Ltd | 25.1× | ₹6,666 Cr | Deteriorating | |||
| Valor Estate Ltd | — | ₹6,102 Cr | No read | |||
| Puravankara Ltd | 79.4× | ₹5,060 Cr | No read | |||
| Keystone Realtors Ltd | 64.0× | ₹5,046 Cr | Turning around | |||
| Raymond Ltd | 0.7× | ₹3,917 Cr | Mixed | |||
| AGI Infra Ltd | 41.1× | ₹3,897 Cr | Consistent | |||
| Ashiana Housing Ltd | 33.0× | ₹3,887 Cr | Mixed | |||
| Hemisphere Properties India Ltd | — | ₹3,801 Cr | No read | |||
| Kesar India Ltd | 126.0× | ₹3,775 Cr | No read | |||
| Kolte Patil Developers Ltd | — | ₹3,470 Cr | No read | |||
| Arvind SmartSpaces Ltd | 29.0× | ₹2,792 Cr | Mixed | |||
| Hubtown Ltd | 18.7× | ₹2,771 Cr | Improving | |||
| Ajmera Realty & Infra India Ltd | 16.1× | ₹2,412 Cr | Turning around | |||
| Capacite Infraprojects Ltd | 9.5× | ₹1,800 Cr | Mixed | |||
| Omaxe Ltd | — | ₹1,603 Cr | No read | |||
| Shriram Properties Ltd | 14.4× | ₹1,451 Cr | Turning around | |||
| Laxmi Goldorna House Ltd | 86.9× | ₹1,021 Cr | — | — | — | — |
| Arihant Foundations & Housing Ltd | 17.3× | ₹1,018 Cr | Mixed | |||
| Suraj Estate Developers Ltd | 10.2× | ₹925 Cr | Topping out | |||
| Eldeco Housing & Industries Ltd | 31.5× | ₹765 Cr | Turning around | |||
| PVP Ventures Ltd | — | ₹711 Cr | No read | |||
| Geecee Ventures Ltd | 16.6× | ₹699 Cr | Mixed | |||
| Peninsula Land Ltd | — | ₹534 Cr | No read | |||
| Suratwwala Business Group Ltd | 16.8× | ₹524 Cr | Turning around |
Frequently asked questions
What is Sunteck Realty Ltd's share price today?
Sunteck Realty Ltd trades at ₹314, −26.4% over the past year. The company is valued at ₹4,497 Cr. The stock sits at 21% of its 52-week range of ₹278–₹450, −12.3% versus its 200-day average. On the tape, the price is in a downtrend, 31 weeks in. — as of 24 July 2026.
What were Sunteck Realty Ltd's latest quarterly results?
Sunteck Realty Ltd reported revenue of ₹192 Cr and net profit of ₹42.0 Cr for the Jun 26 quarter. Revenue rose 2.1% and profit rose 27.3% year on year. Earnings per share were ₹2.88. The operating margin was 35.0%, 10.0 pp higher than a year earlier. — as of 24 July 2026.
What is Sunteck Realty Ltd's revenue?
Sunteck Realty Ltd reported revenue of ₹192 Cr in the Jun 26 quarter, +2.1% year on year. For the full FY26 fiscal year, revenue was ₹1,124 Cr (+31.8%). Over the last 10 years revenue compounded at 16.6% a year. — as of 24 July 2026.
What is Sunteck Realty Ltd's profit?
Sunteck Realty Ltd earned ₹42.0 Cr of net profit in the Jun 26 quarter, +27.3% year on year — the 5th straight quarter of growth. Full-year FY26 profit was ₹202 Cr. The operating margin ran 35.0% in the latest quarter. — as of 24 July 2026.
What is Sunteck Realty Ltd's market cap?
Sunteck Realty Ltd's market capitalisation is ₹4,497 Cr at a share price of ₹314. 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 Sunteck Realty Ltd's P/E ratio?
Sunteck Realty Ltd trades at a P/E of 21.1×, at the 20th percentile of its own 10-year range, against a long-run median of 34.7×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Sunteck Realty Ltd pay a dividend?
Yes — Sunteck Realty Ltd's dividend payout was 11% 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 Sunteck Realty Ltd overvalued?
On its own history, Sunteck Realty Ltd looks cheap against its own history: its P/E of 21.1× has been cheaper only 20% of the time in 10 years (long-run median 34.7×). 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 Sunteck Realty Ltd growing?
Yes — Sunteck Realty Ltd is growing: latest-quarter revenue +2.1% year on year, profit +27.3%, and the margin +10.0 pp at 35.0%. The 10-year compound rates are 16.6% (revenue) and 22.3% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Sunteck Realty Ltd performing?
Sunteck Realty Ltd is in a downtrend, 31 weeks in. Its latest quarter's revenue rose 2.1% and profit rose 27.3% year on year. Against the NIFTY 500 it has been ahead 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 Sunteck Realty Ltd in?
Mixed — the growth curves are steadily positive, but ROCE at 8.3% is below the 15% bar this page requires to call it Consistent. The read comes from the last 12 quarters of growth (revenue growth +55.4% latest, profit growth +31.1% latest, eps growth +32.3% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Sunteck Realty Ltd in an uptrend?
No — the price is in a downtrend (week 31 of stage 4), trading −12.3% versus its 200-day average and at 21% 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 Sunteck Realty Ltd beating the market?
On recent form, yes — Sunteck Realty Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks, 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 +173% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will Sunteck Realty Ltd's share price go up?
This page publishes no price forecast for Sunteck Realty Ltd. What it measures instead: the share price is ₹314, the price is in a downtrend 31 weeks in. Its P/E of 21.1× sits at the 20th percentile of its own 10-year range. — as of 24 July 2026.
Who owns Sunteck Realty Ltd?
Promoters hold 63.1% of Sunteck Realty Ltd, foreign institutions 18.1%, domestic institutions 5.3% and the public 13.4% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 4.0 points over 8 quarters. — as of 24 July 2026.
Does Sunteck Realty Ltd have too much debt?
No — Sunteck Realty Ltd's debt-to-equity is 0.21, and operating profit covers the interest bill 5×. FY26 borrowings were ₹774 Cr against equity of ₹3,611 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Sunteck Realty Ltd's capex?
Sunteck Realty Ltd spent ₹425 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 ₹122 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Sunteck Realty Ltd's cash flow?
Sunteck Realty Ltd generated ₹−432 Cr of operating cash flow in FY26 and ₹−554 Cr of free cash flow after ₹122 Cr of capital spending. Reported profit that year was ₹202 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Sunteck Realty Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −31% of Sunteck Realty Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−432 Cr against reported profit of ₹202 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Sunteck Realty Ltd in its business cycle?
Sunteck Realty Ltd's FY26 operating margin was 27.0%, against a 13-year band of 10.0%–44.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 35.0%. 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 Sunteck Realty Ltd story?
The sharpest disagreement: profits are rising, but only −31% 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 Sunteck Realty Ltd a stock worth studying right now?
This is not investment advice. The machine read: Sunteck Realty Ltd's earnings have outrun its stock. EPS grew +35.7% in a year against a −26.4% price move. 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.