Share price
₹26,680 latest close · +5.4% over the last 90 sessions
₹26,680 month-end · −9.2% over 12 months
₹26,680 month-end · +14.7% over 3 years
₹26,680 month-end · +238.4% since Jan '19
52-week range ₹24575.00 to ₹29955.00 · 1-year volatility 21.3%
Was the rally earned?
Earnings helped, the multiple did not.
- Per-share earnings added 10 points, but investors now pay less per rupee of profit (P/E 43.0x to 35.1x), which took 19 points back.
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 57 points, but investors now pay less per rupee of profit (P/E 52.1x to 35.1x), which took 42 points back.
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 102 points, but investors now pay less per rupee of profit (P/E 57.4x to 35.1x), which took 59 points back.
- The share count barely moved.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-32.9% (2021-10 peak to 2022-02 low, recovered 2023-06)
-29.4% (2025-06 peak to 2026-04 low, not yet recovered)
-23.0% (2020-05 peak to 2021-02 low, recovered 2021-07)
Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).
Is it expensive against its own past and its peers?
Usual range 37.9x to 58.3x since 2019-01.
5% below the Health Technology median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Health Technology peers?
Each cell is the company's percentile rank among its Health Technology peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE97thflat vs a year ago
- Op. margin87th▲ 8 pts vs a year ago
- Revenue growth31st▼ 31 pts vs a year ago
- EPS growth54th▼ 8 pts vs a year ago
- Debt/equity ↓80th▲ 5 pts vs a year ago
- Cash cycle ↓93rdflat vs a year ago
- P/E ↓55th▲ 21 pts vs a year ago
- 12M momentum27th▼ 54 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Health Technology sector page Watch it move against Health Technology in the Observatory
What is the price implying?
At P/E of 35.1x, a holder earning 12%/yr needs earnings to grow about 18.0%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 19.0% | 20.1% | 21.2% |
| 15x | 16.9% | 18.0% | 19.1% |
| 20x | 14.2% | 15.2% | 16.2% |
Drag a slider to test other assumptions
Implied: 18.0%/yrLooking back
- Jan 2020Price implied 27%/yr; EPS has since grown 19%/yr (7.0 yrs)
- Jan 2021Price implied 25%/yr; EPS has since grown 17%/yr (6.0 yrs)
- Jan 2022Price implied 24%/yr; EPS has since grown 18%/yr (5.0 yrs)
Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.
What prices imply across Health Technology The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹26680.00
- P/E
- 35.1x
- ROCE
- 45.0%
- Market Cap
- ₹56695 cr
- Revenue (TTM)
- ₹7005 cr
- P/S
- 8.1x
- P/B
- 11.9x
- ROE
- 33.8%
- Operating Margin
- 29.0%
- Debt / Equity
- 0.0x
- Promoter Holding
- 75.0%
- 12M Momentum
- -9.2%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance13%Within range
Other income as a share of pre-tax profit (trailing twelve months): 13.5%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate26%Within range
Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.85xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 0.85x (cash from operations ₹3,544 cr, net profit ₹4,167 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow5 of 5 yrsWithin range
Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history-3 daysWithin range
Debtor days are below the median of the previous three fiscal years by 3 days (19 vs 22). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress2% of fixed assetsWithin range
Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-5 days / 2 yrsWithin range
Days payable changed by -5 over two years. Bands: rise of up to 30 days; more than 30 days.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, institutional and promoter holdings were broadly unchanged.
- The number of shareholders rose from 68,885 to 78,320 (+14%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like ABBOTT INDIA LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −21% to +13% vs the market, against −7% for all non-financial companies in the same months.
- The gap against the base rate (−2.7%, 80% range −12.3% to +1.8%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months
50 past situations · 50 companies · 32 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| IRCTC Consumer Services |
Oct 2025 | 43x | 49% | −13% | −16% | −36% |
| PGHH Consumer Non-Durables |
Sep 2025 | 55x | 104% | −15% | −16% | −52% |
| SANOFI Health Technology |
Jun 2025 | 35x | 49% | −2% | −14% | −47% |
| 3MINDIA Producer Manufacturing |
Aug 2025 | 57x | 41% | −14% | −15% | +1% |
| MARICO Consumer Non-Durables |
Nov 2020 | 47x | 43% | +2% | −3% | +4% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| GLAXO Health Technology |
Nov 2023 | 45x | 36% | +24% | −2% | +14% |
| CRISIL Commercial Services |
Jan 2021 | 40x | 42% | +12% | −8% | +8% |
| PIDILITIND Process Industries |
Oct 2025 | 67x | 30% | −8% | −10% | +7% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, P/S and drawdown from 12-month high. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Jun '20
- AprPriceFell 29% from the Jun 2025 peak to the Apr 2026 low.
- AprPriceVolume reached 5.8x its 50-day median on 2026-04-27; price +1.0% that day.
- NovPriceVolume reached 8.5x its 50-day median on 2025-11-06; price +0.3% that day.
- SepValuationP/E fell below the 10th percentile of its own history to date (41.9x).
- JunPriceVolume reached 7.9x its 50-day median on 2025-06-27; price +5.7% that day.
- FebPriceVolume reached 10.6x its 50-day median on 2025-02-06; price +4.6% that day.
- JanValuationP/E fell below the 10th percentile of its own history to date (42.3x).
- AugPriceVolume reached 6.5x its 50-day median on 2024-08-08; price -3.3% that day.
Show 22 earlier events
- JunResultsRevenue (TTM) reached a new high of ₹5,849 cr.
- MarPeer rankSlipped to the 2nd quartile of Health Technology on EPS growth (from the top quartile).
- FebValuationP/E crossed above the 90th percentile of its own history to date (62.2x).
- FebPriceVolume reached 6.5x its 50-day median on 2024-02-02; price +8.4% that day.
- AugPriceVolume reached 6.2x its 50-day median on 2023-08-10; price +0.6% that day.
- JunResultsRevenue (TTM) reached a new high of ₹5,349 cr.
- JunPriceRegained the 2021-10 peak, 16 months after the low.
- JunPeer rankMoved into the top quartile of Health Technology on EPS growth (from the 2nd quartile).
- SepPriceVolume reached 6.1x its 50-day median on 2022-09-29; price +5.8% that day.
- JunResultsRevenue (TTM) reached a new high of ₹4,919 cr.
- JunPeer rankMoved into the 2nd quartile of Health Technology on EPS growth (from the 3rd quartile).
- JunPriceVolume reached 5.1x its 50-day median on 2022-06-02; price +3.4% that day.
- FebPriceFell 33% from the Oct 2021 peak to the Feb 2022 low.
- FebPriceVolume reached 7.9x its 50-day median on 2022-02-09; price +7.1% that day.
- OctPriceVolume reached 8.7x its 50-day median on 2021-10-04; price +4.9% that day.
- SepPriceVolume reached 5.4x its 50-day median on 2021-09-29; price -6.9% that day.
- JunResultsRevenue (TTM) reached a new high of ₹4,310 cr.
- JunPeer rankSlipped to the 3rd quartile of Health Technology on EPS growth (from the 2nd quartile).
- JunPriceVolume reached 5.2x its 50-day median on 2021-06-08; price +0.4% that day.
- DecPriceVolume reached 7.5x its 50-day median on 2020-12-11; price +3.4% that day.
- JunResultsRevenue (TTM) reached a new high of ₹4,093 cr.
- JunPeer rankMoved into the 2nd quartile of Health Technology on EPS growth (from the 3rd quartile).
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history60 months · 2021-12 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 35.1x | ₹7005 cr | 33.8% | 45.0% | 0.0x |
| 2026-10 | 33.7x | ₹7005 cr | 33.8% | 45.0% | 0.0x |
| 2026-09 | 35.7x | ₹7005 cr | 33.8% | 45.0% | 0.0x |
| 2026-08 | 35.4x | ₹6929 cr | 32.5% | 45.0% | 0.0x |
| 2026-07 | 38.1x | ₹6929 cr | 32.5% | 45.0% | 0.0x |
| 2026-06 | 34.0x | ₹6929 cr | 32.5% | 45.0% | 0.0x |
| 2026-05 | 36.6x | ₹6824 cr | 36.0% | 46.0% | 0.0x |
| 2026-04 | 34.7x | ₹6824 cr | 36.0% | 46.0% | 0.0x |
| 2026-03 | 35.3x | ₹6824 cr | 36.0% | 46.0% | 0.0x |
| 2026-02 | 36.5x | ₹6714 cr | 35.6% | 46.0% | 0.0x |
| 2026-01 | 37.9x | ₹6714 cr | 35.6% | 46.0% | 0.0x |
| 2025-12 | 39.9x | ₹6714 cr | 35.6% | 46.0% | 0.0x |
| 2025-11 | 43.0x | ₹6590 cr | 34.3% | 46.0% | 0.0x |
| 2025-10 | 41.5x | ₹6590 cr | 34.3% | 46.0% | 0.0x |
| 2025-09 | 41.9x | ₹6590 cr | 34.3% | 46.0% | 0.0x |
| 2025-08 | 46.2x | ₹6410 cr | 33.4% | 46.0% | 0.0x |
| 2025-07 | 50.5x | ₹6410 cr | 33.4% | 46.0% | 0.0x |
| 2025-06 | 52.4x | ₹6410 cr | 33.4% | 46.0% | 0.0x |
| 2025-05 | 47.4x | ₹6244 cr | 36.1% | 46.0% | 0.0x |
| 2025-04 | 46.7x | ₹6244 cr | 36.1% | 46.0% | 0.0x |
| 2025-03 | 47.8x | ₹6244 cr | 36.1% | 46.0% | 0.0x |
| 2025-02 | 49.1x | ₹6067 cr | 34.7% | 46.0% | 0.0x |
| 2025-01 | 42.3x | ₹6067 cr | 34.7% | 46.0% | 0.0x |
| 2024-12 | 48.1x | ₹6067 cr | 34.7% | 46.0% | 0.0x |
| 2024-11 | 46.5x | ₹5928 cr | 33.5% | 46.0% | 0.0x |
| 2024-10 | 48.6x | ₹5928 cr | 33.5% | 46.0% | 0.0x |
| 2024-09 | 48.9x | ₹5928 cr | 33.5% | 46.0% | 0.0x |
| 2024-08 | 52.2x | ₹5849 cr | 32.5% | 46.0% | 0.0x |
| 2024-07 | 49.1x | ₹5849 cr | 32.5% | 46.0% | 0.0x |
| 2024-06 | 47.7x | ₹5849 cr | 32.5% | 46.0% | 0.0x |
| 2024-05 | 56.6x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2024-04 | 57.8x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2024-03 | 59.3x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2024-02 | 62.2x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2024-01 | 56.7x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2023-12 | 50.0x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2023-11 | 52.1x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2023-10 | 49.0x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2023-09 | 50.7x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2023-08 | 50.5x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2023-07 | 52.6x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2023-06 | 51.2x | ₹5349 cr | 29.8% | 41.0% | 0.0x |
| 2023-05 | 56.5x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2023-04 | 58.0x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2023-03 | 57.4x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2023-02 | 52.5x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2023-01 | 54.1x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2022-12 | 55.6x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2022-11 | 52.6x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2022-10 | 50.0x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2022-09 | 49.8x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2022-08 | 48.7x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2022-07 | 52.0x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2022-06 | 48.8x | ₹4919 cr | 28.3% | 38.0% | 0.1x |
| 2022-05 | 53.3x | ₹4310 cr | 26.6% | 35.0% | 0.1x |
| 2022-04 | 51.3x | ₹4310 cr | 26.6% | 35.0% | 0.1x |
| 2022-03 | 53.2x | ₹4310 cr | 26.6% | 35.0% | 0.1x |
| 2022-02 | 52.8x | ₹4310 cr | 26.6% | 35.0% | 0.1x |
| 2022-01 | 48.3x | ₹4310 cr | 26.6% | 35.0% | 0.1x |
| 2021-12 | 58.6x | ₹4310 cr | 26.6% | 35.0% | 0.1x |
Older months are in the live observatory.