All E Technologies Ltd

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.

All E Technologies Ltd trades at ₹141, in a downtrend and 67 weeks into that stage. That is −30.2% against its own 200-day average. It sits at 15% of a 52-week range of ₹137 to ₹162. On relative strength it has no relative-strength read yet.

Today the stock is in a downtrend — week 67 of stage 4, confirmed. At ₹141 it trades −30.2% versus its 200-day average and sits at 15% of its 52-week range (₹137–₹162).

Against the market, two honest reads. Cumulative: over the last 1 months the stock moved −9% while the NIFTY 500 moved +3% — behind the index over the full window. Recent form: no trailing-13-week read yet — 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.

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.

All E Technologies Ltd trades at 10.6× P/E, near the bottom of its own range — cheaper only 5% of the time. Its long-run median P/E is 23.9×, measured across 3.5 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 10.6× is near the bottom of its own range — cheaper only 5% of the time, against a long-run median of 23.9× measured over 3.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

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

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).

All E Technologies Ltd reads as mixed on its fundamental arc. Mixed — revenue and profit growth are shrinking while ROCE holds at 22.0% — falling growth against firm returns, so no single stage word fits yet. The read is built from 9 quarters across 3 curves, on partial evidence.

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

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.

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

All E Technologies Ltd reported ₹34.8 Cr of revenue in the Mar 26 quarter, −0.5% year on year. Over 6 years it has compounded at 16.9% a year. The last full year, FY26, came in at ₹138 Cr. The last four reported quarters add to ₹138 Cr.

FY26 revenue came in at ₹138 Cr (−1.4% on the year), capping 6 years at 16.9% compound. The latest quarter (Mar 26) printed ₹34.8 Cr, −0.5% year on year.

Pace check: the last four quarters averaged −1.4% growth against the decade's 16.9% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −1.5% over the last 4 quarters against +8.9%/yr over the last 8 — rolling over; TTM profit −14.7% vs +14.2%/yr — rolling over.

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.

All E Technologies Ltd's operating margin is 12.2% in the Mar 26 quarter, −14.1 percentage points against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 3.0% to 22.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 12.2%, −14.1 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 3.0%–22.0%.

🚨 Why the margin moved: operating margin went −14.1 pp year on year while gross margin went −5.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

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

All E Technologies Ltd earned ₹5.8 Cr of net profit in the Mar 26 quarter, −42.1% year on year. Full-year FY26 profit was ₹26.0 Cr. The 6-year compound rate is 53.3%. That is 16.8% of the quarter's revenue. The same quarter a year earlier earned ₹10.1 Cr.

Mar 26 profit was ₹5.8 Cr, −42.1% year on year. On the full year, FY26 printed ₹26.0 Cr (−13.3%), and the 6-year compound rate is 53.3%.

🚨 Why profit moved: revenue contributed −0.5% and the margin −14.1 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −10.9% vs revenue −1.4%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

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 72% of All E Technologies Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹17.0 Cr of operating cash against ₹26.0 Cr of profit. After ₹6.0 Cr of capital spending, ₹11.0 Cr was left as free cash.

FY26: operating cash of ₹17.0 Cr against reported profit of ₹26.0 Cr, leaving free cash of ₹11.0 Cr after ₹6.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 72% 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 72%: the cash cycle stretched 12 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: conversion is below par and the cash cycle has stretched 12 days — the next section's job is to find where the cash is stuck.

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).

All E Technologies Ltd's cash conversion cycle runs 58 days in FY26, up from 46 days in FY21. Capital spending ran ₹10.0 Cr over the last 3 years. At FY26 sales of ₹138 Cr each day of that cycle holds about ₹0.4 Cr, so roughly ₹22.0 Cr sits inside the business at any moment.

FY26: debtors at 58 days, inventory at 0 days — roughly 0.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 58 days, looser than FY21's 46.

In money terms: at FY26 sales of ₹138 Cr, each day of the cycle holds about ₹0.4 Cr — so the 58-day loop keeps roughly ₹22.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹10.0 Cr over the last 3 fiscal years against ₹3.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹5.0 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.

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.

All E Technologies Ltd earns a ROCE of 22% in FY26. That is up from a trough of 21% in FY23. Return on invested capital clears the cost of that capital by +91.3 percentage points, so growth here adds value rather than only size. The wiring behind it is 18.8% net margin on 0.66× asset turns.

FY26 ROCE is 22%, recovered from a FY23 trough of 21% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 18.8% net margin × 0.66× asset turns × 1.24× balance-sheet leverage ≈ 15.4% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 103.3% − 12.0% = a +91.3 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. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

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.

All E Technologies Ltd carries ₹1.0 Cr of borrowings against ₹169 Cr of equity in FY26, a debt-to-equity of 0.01. Over 5 years borrowings went from ₹0.0 Cr to ₹1.0 Cr. Capital spending ran ₹10.0 Cr across the last 3 of those years.

FY26: borrowings of ₹1.0 Cr against equity of ₹169 Cr — a debt-to-equity of 0.01. Over 5 years borrowings went from ₹0.0 Cr to ₹1.0 Cr while capital spending ran ₹10.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

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.

No holder of All E Technologies Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.5 points over the same window, to 0.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: +0.5 points over 5 quarters to 0.7%; Domestic institutions: +0.5 points over 5 quarters to 0.5%; Promoters: +0.1 points over 5 quarters to 50.1%.

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.

All E Technologies 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.

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