Rico Auto Industries Ltd
RICOAUTORico Auto Industries 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: annual EPS moved +136.1% against a +43.9% price move — the market has not yet caught up with the delivery.
The price is in a confirmed uptrend (49 weeks in) while the P/E sits at the 100th percentile of its own 11-year range. Underneath, the last four quarters read deteriorating — profit −120.2% year on year, and 684% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
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.
Rico Auto Industries Ltd trades at ₹132, in a confirmed uptrend and 49 weeks into that stage. That is +9.5% against its own 200-day average. It sits at 72% of a 52-week range of ₹81 to ₹152. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).
Today the stock is in a confirmed uptrend — week 49 of stage 2, confirmed. At ₹132 it trades +9.5% versus its 200-day average and sits at 72% of its 52-week range (₹81–₹152).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +372% while the NIFTY 500 moved +284% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-08-07) — 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.
Rico Auto Industries Ltd trades at 49.9× P/E, about the priciest it has ever traded. Its long-run median P/E is 22.2×, measured across 10.5 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 49.9× is about the priciest it has ever traded, against a long-run median of 22.2× measured over 10.5 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 +136.1% against a +43.9% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +20.5%/yr price move, ~+18.4%/yr came from earnings growth and ~+2.1 pp from the multiple (expanding); over 10y, of the +9.2%/yr price move, ~−2.1%/yr came from earnings growth and ~+11.3 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 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.
Stage: Turning around 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).
Rico Auto Industries Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −37.5% at the trough to −0.5% off a 5-quarter-old trough, ROCE holding at 9.0%. The read is built from 9 quarters across 4 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
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 | +12.0% | +2.5% | +11.0% | +9.4% |
| Profit | +147.6% | +0.6% | — | +5.7% |
| EPS | +136.1% | +1.0% | — | +5.5% |
| Share price | +43.9% | +8.3% | +20.5% | +9.2% |
4-Factor Sector Score
46.9/100 — rank 3 of 4 in Auto Ancillaries - Spare Parts Accessories · 78% evidence confidence
Rico Auto Industries Ltd scores 46.9 out of 100 against the 4 companies it is compared with in Auto Ancillaries - Spare Parts Accessories, ranking 3. Price leads the evidence: RS versus the benchmark is 11.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 16.5 + 5.8 + 7.6 + 17 = 46.9. 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.
Rico Auto Industries Ltd reported ₹755 Cr of revenue in the Jun 26 quarter, +38.9% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.4% a year. The last full year, FY26, came in at ₹2,478 Cr. The last four reported quarters add to ₹2,689 Cr.
FY26 revenue came in at ₹2,478 Cr (+12.0% on the year), capping 10 years at 9.4% compound. The latest quarter (Jun 26) printed ₹755 Cr, +38.9% year on year — the 5th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +21.6% growth against the decade's 9.4% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +21.4% over the last 4 quarters against +11.4%/yr over the last 8 — accelerating; TTM profit −0.5% vs −8.8%/yr — accelerating.
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.
Rico Auto Industries Ltd's operating margin is 4.6% in the Jun 26 quarter, −5.3 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 6.0% to 11.0%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is 4.6%, −5.3 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 6.0%–11.0%.
🚨 Why the margin moved: operating margin went −5.3 pp year on year while gross margin went −6.8 pp — the loss came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Rico Auto Industries Ltd posted a net loss of ₹3.4 Cr in the Jun 26 quarter. Full-year FY26 profit was ₹52.0 Cr. The 10-year compound rate is 5.7%. That loss is 0.4% of the quarter's revenue. The same quarter a year earlier earned ₹16.7 Cr. 1 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹−3.4 Cr, −120.2% year on year. On the full year, FY26 printed ₹52.0 Cr (+147.6%), and the 10-year compound rate is 5.7%.
🚨 Why profit moved: revenue contributed +38.9% and the margin −5.3 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +136.6% vs revenue +21.6%. 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.
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 684% of Rico Auto Industries Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹326 Cr of operating cash against ₹52.0 Cr of profit. After ₹261 Cr of capital spending, ₹65.0 Cr was left as free cash.
FY26: operating cash of ₹326 Cr against reported profit of ₹52.0 Cr, leaving free cash of ₹65.0 Cr after ₹261 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 684% 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 684%: the cash cycle tightened 36 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 1.9× depreciation over three years, so the next section's job is to check what that build-out is buying.
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).
Rico Auto Industries Ltd's cash conversion cycle runs 7 days in FY26, down from 43 days in FY21. Capital spending ran ₹602 Cr over the last 3 years. At FY26 sales of ₹2,478 Cr each day of that cycle holds about ₹6.8 Cr, so roughly ₹48.0 Cr sits inside the business at any moment.
FY26: debtors at 52 days, inventory at 67 days — roughly 2.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 7 days, tighter than FY21's 43.
The full loop: cash goes out to suppliers and production on day 0; stock waits 67 days to sell; customers pay about 52 days after that; and suppliers themselves are paid at 111 days — netting out to the 7-day cycle.
In money terms: at FY26 sales of ₹2,478 Cr, each day of the cycle holds about ₹6.8 Cr — so the 7-day loop keeps roughly ₹48.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹602 Cr over the last 3 fiscal years against ₹321 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹173 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.
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
Rico Auto Industries Ltd earns a ROCE of 9% in FY26. That is up from a trough of 2% in FY21. Return on invested capital clears the cost of that capital by −7.1 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 2.1% net margin on 1.16× asset turns.
FY26 ROCE is 9%, recovered from a FY21 trough of 2% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 2.1% net margin × 1.16× asset turns × 2.75× balance-sheet leverage ≈ 6.7% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 4.9% − 12.0% = a −7.1 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.
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
Rico Auto Industries Ltd carries total debt of ₹728 Cr against shareholder equity of ₹784 Cr as of Mar 26, a debt-to-equity of 0.93. On the annual view that ratio went from 0.95 in FY22 to 0.93 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹728 Cr against shareholder equity of ₹784 Cr — a debt-to-equity of 0.93. On the annual view, debt-to-equity went from 0.95 (FY22) to 0.93 (FY26). Read the returns on this page with that leverage in mind.
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 added 2.3 points of Rico Auto Industries Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 3.6% of the company. Domestic institutions moved +0.2 points over the same window, to 0.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +2.3 points over 8 quarters to 3.6%; Domestic institutions: +0.2 points over 8 quarters to 0.2%; Promoters: +0.0 points over 8 quarters to 50.3%.
Why the register moved: foreign institutions drove it (+2.3 points) — steady accumulation by institutions reading the same numbers this page reads.
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.
Rico Auto Industries 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 | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Automotive Stampings & Assemblies LtdASAL | 72.7/100Favorable setup84% evidence | FADING | 29.3/35 Revenue 28.3% · PAT 94.6% · OPM change -0.6 pp 95% evidence | 19.8/25 ROCE 25.3% · OPM 5.6% 95% evidence | 13.5/20 P/E 25.6× · PEG — 35% evidence | 10.1/20 RS sector -2.5% · RS bench -0.4% · 1Y 9.2%8 of 12 weeks ahead 100% evidence |
| Exact sum: 29.3 + 19.8 + 13.5 + 10.1 = 72.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2India Motor Parts & Accessories LtdIMPAL | 48.1/100Mixed-negative evidence84% evidence | FADING | 20.2/35 Revenue 11% · PAT 18.1% · OPM change 1 pp 95% evidence | 7.1/25 ROCE 4.5% · OPM 8% 95% evidence | 11.1/20 P/E 13.6× · PEG — 35% evidence | 9.7/20 RS sector -2.4% · RS bench -0.3% · 1Y 3.4%4 of 12 weeks ahead 100% evidence |
| Exact sum: 20.2 + 7.1 + 11.1 + 9.7 = 48.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Rico Auto Industries Ltdthis pageRICOAUTO | 46.9/100Mixed-negative evidence78% evidence | BREAKING OUT | 16.5/35 Revenue 21.4% · PAT -0.5% · OPM change -5.3 pp 95% evidence | 5.8/25 ROCE 9.2% · OPM 4.6% 95% evidence | 7.6/20 P/E 49.9× · PEG — 35% evidence | 17.0/20 RS sector 24.4% · RS bench 11.4% · 1Y 95.7%9 of 10 weeks ahead 70% evidence |
| Exact sum: 16.5 + 5.8 + 7.6 + 17 = 46.9 · Decision use: Price leads the evidence: RS versus the benchmark is 11.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 4IST Ltd508807 | 39.2/100Mixed-negative evidence79% evidence | ASLEEP | 13.0/35 Revenue 9.7% · PAT 9.7% · OPM change -26 pp 95% evidence | 13.9/25 ROCE 12.7% · OPM 46% 76% evidence | 12.2/20 P/E 4.6× · PEG — 35% evidence | 0.1/20 RS sector -16.3% · RS bench -14.4% · 1Y -27.9%0 of 12 weeks ahead 100% evidence |
| Exact sum: 13 + 13.9 + 12.2 + 0.1 = 39.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Rico Auto Industries Ltd's share price today?
Rico Auto Industries Ltd trades at ₹132, +43.9% over the past year. The company is valued at ₹1,786 Cr. The stock sits at 72% of its 52-week range of ₹81–₹152, +9.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 49 weeks in. — as of 14 August 2026.
What were Rico Auto Industries Ltd's latest quarterly results?
Rico Auto Industries Ltd reported revenue of ₹755 Cr and a net loss of ₹3.4 Cr for the Jun 26 quarter. Revenue rose 38.9% and profit fell 120.2% year on year. Earnings per share were ₹−0.27. The operating margin was 4.6%, 5.3 pp lower than a year earlier. — as of 14 August 2026.
What is Rico Auto Industries Ltd's revenue?
Rico Auto Industries Ltd reported revenue of ₹755 Cr in the Jun 26 quarter, +38.9% year on year. For the full FY26 fiscal year, revenue was ₹2,478 Cr (+12.0%). Over the last 10 years revenue compounded at 9.4% a year. — as of 14 August 2026.
What is Rico Auto Industries Ltd's profit?
Rico Auto Industries Ltd earned ₹−3.4 Cr of net profit in the Jun 26 quarter, −120.2% year on year. Full-year FY26 profit was ₹52.0 Cr. The operating margin ran 4.6% in the latest quarter. — as of 14 August 2026.
What is Rico Auto Industries Ltd's market cap?
Rico Auto Industries Ltd's market capitalisation is ₹1,786 Cr at a share price of ₹132. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 14 August 2026.
What is Rico Auto Industries Ltd's P/E ratio?
Rico Auto Industries Ltd trades at a P/E of 49.9×, at the most expensive it has been in 11 years, against a long-run median of 22.2×. This is a comparison with the stock's own history, not a value call — as of 14 August 2026.
Does Rico Auto Industries Ltd pay a dividend?
Yes — Rico Auto Industries Ltd's dividend payout was 15% of profit in FY26, and it recorded a payout in 12 of its last 13 reported fiscal years. One of those years shows a negative ratio because profit itself was negative. — as of 14 August 2026.
Is Rico Auto Industries Ltd overvalued?
On its own history, Rico Auto Industries Ltd looks expensive: its P/E of 49.9× sits at the most expensive it has been in 11 years (long-run median 22.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 14 August 2026.
Is Rico Auto Industries Ltd growing?
Not right now — Rico Auto Industries Ltd's latest numbers are shrinking: latest-quarter revenue +38.9% year on year, profit −120.2%, and the margin −5.3 pp at 4.6%. The 10-year compound rates are 9.4% (revenue) and 5.7% (profit). The earnings engine currently reads: deteriorating — as of 14 August 2026.
How is Rico Auto Industries Ltd performing?
Rico Auto Industries Ltd is in a confirmed uptrend, 49 weeks in. Its latest quarter's revenue rose 38.9% and profit fell 120.2% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 14 August 2026.
What stage is Rico Auto Industries Ltd in?
Turning around — profit growth swung from −37.5% at the trough to −0.5% off a 5-quarter-old trough, ROCE holding at 9.0%. The read comes from the last 12 quarters of growth (revenue growth +21.4% latest, profit growth −0.5% latest, eps growth −4.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 14 August 2026.
Is Rico Auto Industries Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 49 of stage 2), trading +9.5% versus its 200-day average and at 72% 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 14 August 2026.
Is Rico Auto Industries Ltd beating the market?
Not lately — on a trailing-13-week view Rico Auto Industries Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-08-07), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +372% against the NIFTY 500's +284% — ahead of the index over the full window. — as of 14 August 2026.
Will Rico Auto Industries Ltd's share price go up?
This page publishes no price forecast for Rico Auto Industries Ltd. What it measures instead: the share price is ₹132, the price is in a confirmed uptrend 49 weeks in. Its P/E of 49.9× sits at the 100th percentile of its own 11-year range. — as of 14 August 2026.
Who owns Rico Auto Industries Ltd?
Promoters hold 50.3% of Rico Auto Industries Ltd, foreign institutions 3.6%, domestic institutions 0.2% and the public 45.8% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 2.3 points over 8 quarters. — as of 14 August 2026.
Does Rico Auto Industries Ltd have too much debt?
It is moderate — Rico Auto Industries Ltd's debt-to-equity is 0.93, and operating profit covers the interest bill 4×. FY26 borrowings were ₹728 Cr against equity of ₹780 Cr. Read the returns on this page with that leverage in mind — as of 14 August 2026.
What is Rico Auto Industries Ltd's capex?
Rico Auto Industries Ltd spent ₹602 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 ₹261 Cr, with ₹173 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 14 August 2026.
What is Rico Auto Industries Ltd's cash flow?
Rico Auto Industries Ltd generated ₹326 Cr of operating cash flow in FY26 and ₹65.0 Cr of free cash flow after ₹261 Cr of capital spending. Reported profit that year was ₹52.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 14 August 2026.
Is Rico Auto Industries Ltd's profit real cash?
Yes — over the last 3 fiscal years, 684% of Rico Auto Industries Ltd's reported profit arrived as operating cash. Though the latest year ran at 627% — the trend is the thing to watch. In FY26, operating cash was ₹326 Cr against reported profit of ₹52.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 14 August 2026.
Where is Rico Auto Industries Ltd in its business cycle?
Rico Auto Industries Ltd's FY26 operating margin was 9.0%, against a 13-year band of 6.0%–11.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 4.6%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 14 August 2026.
What could break the Rico Auto Industries Ltd story?
The sharpest disagreement: annual EPS moved +136.1% against a +43.9% price move — the market has not yet caught up with the delivery. 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 14 August 2026.
Is Rico Auto Industries Ltd a stock worth studying right now?
This is not investment advice. The machine read: Rico Auto Industries 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 price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 14 August 2026.