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ALLIED DIGITAL SERVICES LIMITE (ADSL)

Technology Services · Information Technology Services · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.57 / 100
Profitability 32Growth 74Balance sheet 66
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.34 / 100
Price 43Earnings 36FII/DII 22
Compare withTATA CONSULTANCY SERVICESINFOSYSHCL TECHNOLOGIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹105.29 latest close · −15.5% over the last 90 sessions

₹100₹110₹120Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹100₹110₹120Jul 3Sep 4Nov 9

₹105.29 month-end · −34.3% over 12 months

₹100₹125₹150Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹100₹125₹150Nov '25May '26Nov '26

₹105.29 month-end · −14.3% over 3 years

₹100₹200Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹100₹200Nov '23May '25Nov '26

₹105.29 month-end · +722.6% since Jan '19

₹0₹100₹200₹300Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹100₹200₹300Jan '19Dec '22Nov '26

52-week range ₹86.27 to ₹179.65 · 1-year volatility 51.6%

Was the rally earned?

-34%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 4 points, but investors now pay less per rupee of profit (P/E 24.9x to 15.5x), which took 38 points back.
  • The share count barely moved.
Net profit growth: +5 pts. Points of the price return explained by net profit growing (or shrinking).+5 ptsNet profit growthP/E change: −38 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−38 ptsP/E changeShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1 ptsShare count changeShare price: −34%−34%Share priceNet profit growth: +5 pts. Points of the price return explained by net profit growing (or shrinking).+5ProfitP/E change: −38 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−38P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −34%−34%Share price
Net profit growth+5 ptsNet profit rose about 7%, which lifts the price.
P/E change-38 ptsThe P/E fell from 24.9x to 15.5x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
-14%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 156 points, but investors now pay less per rupee of profit (P/E 97.5x to 15.5x), which took 170 points back.
  • The share count rose 2%.
Net profit growth: +158 pts. Points of the price return explained by net profit growing (or shrinking).+158 ptsNet profit growthP/E change: −170 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−170 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: −14%−14%Share priceNet profit growth: +158 pts. Points of the price return explained by net profit growing (or shrinking).+158ProfitP/E change: −170 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−170P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: −14%−14%Share price
Net profit growth+158 ptsNet profit rose about 450%, which lifts the price.
P/E change-170 ptsThe P/E fell from 97.5x to 15.5x, which lowers the price.
Share count change-2 ptsShare count rose 2%, which lowers the price.
-2%share price, 5 yearsRoughly flat
  • The share price was roughly flat over 5 years (-2%).
  • The share count rose 13%.
Net profit growth: +70 pts. Points of the price return explained by net profit growing (or shrinking).+70 ptsNet profit growthP/E change: −59 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−59 ptsP/E changeShare count change: −12 pts. Points of the price return explained by the share count changing. More shares count against the price.−12 ptsShare count changeShare price: −2%−2%Share priceNet profit growth: +70 pts. Points of the price return explained by net profit growing (or shrinking).+70ProfitP/E change: −59 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−59P/EShare count change: −12 pts. Points of the price return explained by the share count changing. More shares count against the price.−12SharesShare price: −2%−2%Share price
Net profit growth+70 ptsNet profit rose about 103%, which lifts the price.
P/E change-59 ptsThe P/E fell from 28.3x to 15.5x, which lowers the price.
Share count change-12 ptsShare count rose 13%, which lowers the price.
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.

Compare this with TATA CONSULTANCY SERVICES

How rough has the ride been?

Maximum drawdown-71.8%not yet recovered
1-year volatility51.6%annualised
Beta vs sector index0.863-year daily, correlation 0.31
Volume spikes7last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−70.3% 0%−20%−40%−60%2020202220242026−70.3%
Largest drawdowns

-71.8% (2024-09 peak to 2026-03 low, not yet recovered)

-57.0% (2019-11 peak to 2020-03 low, recovered 2020-08)

-56.8% (2022-01 peak to 2023-03 low, recovered 2024-01)

Most recent volume spikes

2026-10-29: 12x the 50-day median, price +8.6% that day

2026-10-12: 5.2x the 50-day median, price -1.2% that day

2026-10-09: 44.9x the 50-day median, price +11.7% that day

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?

15.5xP/E todayWithin its usual range
Against its own history46th percentile
CheapestMedian 16.6xDearest

Usual range 5.8x to 94.4x since 2019-01.

Against Technology Services15.5x vs 21.1x
This company
15.5x
Sector median
21.1x

26% below the Technology Services median.

4.4x51.1x97.9x144.6xJan '19Aug '20Mar '22Oct '23May '25Nov '264.4x51.1x97.9x144.6xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

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P/S (this company)10th to 90th percentile of its own historyIts medianTechnology Services median
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.

All terms explained in the glossary →

How Technology Services is valued

Where does it rank among Technology Services peers?

Each cell is the company's percentile rank among its Technology Services 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

  • ROCE29th▼ 8 pts vs a year ago
  • Op. margin35thflat vs a year ago
  • Revenue growth62nd▼ 6 pts vs a year ago
  • EPS growth45th▲ 18 pts vs a year ago
  • Debt/equity ↓35th▼ 3 pts vs a year ago
  • Cash cycle ↓72nd▲ 24 pts vs a year ago
  • P/E ↓68th▲ 10 pts vs a year ago
  • 12M momentum30th▲ 9 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

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 Technology Services sector page Watch it move against Technology Services in the Observatory

What is the price implying?

~11%annual earnings growth implied by the price

At a P/E of 16.2x, the price would imply about 10.8%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Technology Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹105.29
P/E
15.5x
ROCE
7.0%
Market Cap
₹598 cr
Revenue (TTM)
₹1009 cr
P/S
0.6x
P/B
1.0x
ROE
6.3%
Operating Margin
9.0%
Debt / Equity
0.2x
Promoter Holding
51.0%
12M Momentum
-34.3%

52-week range

₹86.27₹179.65
20% of the way from its 52-week low to its high

Price risk

1Y volatility
51.6%
Beta vs sector
1-year daily
0.84

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.71x
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 7checks within range1 beyond a threshold
Other income reliance41%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 41.3%. 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 conversion0.71xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.71x (cash from operations ₹81 cr, net profit ₹114 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+36 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 36 days (121 vs 85). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress4% of fixed assetsWithin range

Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+54 days / 2 yrsNear threshold

Days payable changed by +54 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.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, promoters trimmed 1.4 pts.
  • The number of shareholders rose from 40,562 to 74,142 (+83%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters52.4%51.0%-1.4 pts
FIIs0.0%0.1%+0.1 pts
DIIs0.0%0.0%0.0 pts
Public and others47.6%48.9%+1.3 pts

Number of shareholders

74,142shareholders+83% since Sep '23
41k54k67k80k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 40,562
Dec '23: 43,133
Mar '24: 57,385
Jun '24: 56,212
Sep '24: 69,205
Dec '24: 75,838
Mar '25: 76,740
Jun '25: 76,556
Sep '25: 79,828
Dec '25: 77,365
Mar '26: 75,470
Jun '26: 74,142
 41k54k67k80k Sep '23Sep '24Sep '25Jun '26
Sep '23: 40,562
Dec '23: 43,133
Mar '24: 57,385
Jun '24: 56,212
Sep '24: 69,205
Dec '24: 75,838
Mar '25: 76,740
Jun '25: 76,556
Sep '25: 79,828
Dec '25: 77,365
Mar '26: 75,470
Jun '26: 74,142

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.

This quarter's smart-money board

What happened next to similar setups

+6.7%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like ALLIED DIGITAL SERVICES LIMITE 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 −20% to +40% vs the market, against −7% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +13.4%, 80% range +4.3% to +17.7%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
RPPL · Jan 2025: −57.2% vs market
DUCON · Dec 2024: −56.7% vs market
CONFIPET · Oct 2024: −47.8% vs market
DEVIT · Sep 2025: −45.8% vs market
ENIL · Nov 2024: −35.1% vs market
RUSHIL · Jul 2025: −33.6% vs market
NAHARPOLY · Sep 2023: −32.8% vs market
SCHAND · Mar 2024: −29.9% vs market
PIONEEREMB · Jul 2022: −24.5% vs market
HERANBA · Mar 2025: −24.1% vs market
ORIENTCER · Oct 2024: −22.1% vs market
MWL · Aug 2023: −21.9% vs market
EKC · Jul 2025: −21.3% vs market
AAKASH · Jun 2025: −17.1% vs market
GULPOLY · Feb 2024: −16.4% vs market
UFO · Aug 2025: −15.7% vs market
IFGLEXPOR · Feb 2025: −15.6% vs market
ASIANTILES · Apr 2023: −12.9% vs market
TEXMOPIPES · Apr 2023: −4.2% vs market
RICOAUTO · Feb 2020: −3.7% vs market
IRMENERGY · Aug 2025: 0% vs market
KOPRAN · Jun 2025: +0.2% vs market
ORICONENT · Jan 2020: +1.7% vs market
LAMBODHARA · Aug 2025: +6.3% vs market
APEX · May 2024: +6.3% vs market
CLEDUCATE · Jul 2024: +7.0% vs market
MMP · May 2025: +11.4% vs market
INSECTICID · Feb 2024: +11.7% vs market
ASAHISONG · Feb 2023: +13.1% vs market
HPL · Apr 2020: +13.7% vs market
ASPINWALL · Aug 2021: +14.3% vs market
GLOBUSSPR · Nov 2024: +16.0% vs market
SUNDRMBRAK · May 2020: +17.4% vs market
GENUSPAPER · Sep 2020: +25.3% vs market
OAL · Aug 2025: +31.4% vs market
SANGHIIND · Apr 2022: +34.4% vs market
NELCAST · Feb 2020: +36.4% vs market
ARTEMISMED · Feb 2021: +41.0% vs market
PARAGMILK · Dec 2024: +46.2% vs market
SPAL · Oct 2020: +47.2% vs market
CAPACITE · Nov 2022: +56.8% vs market
MIRZAINT · Dec 2020: +63.3% vs market
UNIVCABLES · Apr 2025: +75.9% vs market
MANINDS · Apr 2025: +80.7% vs market
RPSGVENT · Aug 2020: +81.5% vs market
PROV · Aug 2025: +89.8% vs market
VASCONEQ · Aug 2022: +118.0% vs market
SWELECTES · Mar 2023: +125.2% vs market
TDPOWERSYS · Jan 2021: +140.3% vs market
PRECAM · Mar 2021: +170.2% vs market
Similar setups +6.7%All companies −6.7%← worse than the marketbetter than the market →

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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
+6.7%
All companies' median
−6.7%
Beat the market
58% vs 43%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PRECAM
Producer Manufacturing		 Mar 2021 11x6% +60%−20% +170%
ORIENTCER
Non-Energy Minerals		 Oct 2024 31x8% +8%−35% −22%
ORICONENT
Producer Manufacturing		 Jan 2020 8x4% −31%−44% +2%
RICOAUTO
Producer Manufacturing		 Feb 2020 8x12% −47%−57% −4%
IFGLEXPOR
Producer Manufacturing		 Feb 2025 24x9% −39%−54% −16%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RUSHIL
Non-Energy Minerals		 Jul 2025 14x— −30%−44% −34%
NELCAST
Non-Energy Minerals		 Feb 2020 8x12% −49%−55% +36%
RPPL
Process Industries		 Jan 2025 26x9% −19%−42% −57%
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: P/S, 12-month momentum and interest cover. 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.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to ALLIED DIGITAL SERVICES LIMITE. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

RUSHIL DECORRUSHIL
Non-Energy Minerals
67%similar
market capvolatility
SPML INFRASPMLINFRA
Industrial Services
65%similar
operating marginrevenue
AEROFLEX ENTERPRISESAEROENTER
Producer Manufacturing
64%similar
operating marginpromoter holding
ATUL AUTOATULAUTO
Consumer Durables
64%similar
EPS growthrevenue
DMCC SPECIALITY CHEMICALSDMCC
Process Industries
64%similar
EPS growthmarket cap
KELLTON TECH SOLUTIONSKELLTONTEC
Technology Services
53%similar
market capdebt/equity
ZAGGLE PREPAID OCEAN SERVICESZAGGLE
Technology Services
49%similar
EPS growthP/E
DIGITIDE SOLUTIONSDIGITIDE
Technology Services
43%similar
volatilityoperating margin

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Jun '23

  1. OctPriceVolume reached 44.9x its 50-day median on 2026-10-09; price +11.7% that day.
  2. SepPeer rankMoved into the 3rd quartile of Technology Services on operating margin (from the bottom quartile).
  3. SepPriceVolume reached 62.7x its 50-day median on 2026-09-28; price +1.0% that day.
  4. JunResultsYear-on-year EPS growth turned positive.
  5. JunPeer rankSlipped to the bottom quartile of Technology Services on operating margin (from the 3rd quartile).
  6. JunPriceVolume reached 43.9x its 50-day median on 2026-06-24; price +7.6% that day.
  7. MarPriceFell 72% from the Sep 2024 peak to the Mar 2026 low.
  8. MarPeer rankSlipped to the bottom quartile of Technology Services on EPS growth (from the 3rd quartile).
Show 22 earlier events
  1. FebPriceVolume reached 22.9x its 50-day median on 2026-02-01; price +13.9% that day.
  2. OctPriceVolume reached 9.6x its 50-day median on 2025-10-03; price +8.0% that day.
  3. SepPeer rankMoved into the 3rd quartile of Technology Services on operating margin (from the bottom quartile).
  4. SepPriceVolume reached 97.8x its 50-day median on 2025-09-16; price +15.7% that day.
  5. JunResultsYear-on-year EPS growth turned negative.
  6. JunPeer rankSlipped to the bottom quartile of Technology Services on operating margin (from the 3rd quartile).
  7. MayPriceVolume reached 6.0x its 50-day median on 2025-05-28; price +7.4% that day.
  8. FebPriceVolume reached 18.2x its 50-day median on 2025-02-03; price +13.0% that day.
  9. SepPeer rankSlipped to the 3rd quartile of Technology Services on operating margin (from the 2nd quartile).
  10. JulPriceRegained the 2024-01 peak, 4 months after the low.
  11. JulPriceVolume reached 41.6x its 50-day median on 2024-07-01; price +19.0% that day.
  12. JunResultsYear-on-year EPS growth turned positive.
  13. JunPeer rankMoved into the top quartile of Technology Services on EPS growth (from the bottom quartile).
  14. JunDividendDividend payout cut from 99% to 20% of profit.
  15. JunPriceVolume reached 14.1x its 50-day median on 2024-06-19; price +8.2% that day.
  16. MarPriceFell 33% from the Jan 2024 peak to the Mar 2024 low.
  17. JanPriceRegained the 2022-01 peak, 10 months after the low.
  18. JanPriceVolume reached 42.6x its 50-day median on 2024-01-12; price +2.0% that day.
  19. DecPriceVolume reached 13.9x its 50-day median on 2023-12-27; price +4.0% that day.
  20. JulPriceVolume reached 9.4x its 50-day median on 2023-07-12; price +10.6% that day.
  21. JunResultsYear-on-year EPS growth turned negative.
  22. JunValuationP/E crossed above the 90th percentile of its own history to date (89.8x).

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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1115.5x₹1009 cr6.3%7.0%0.2x
2026-1015.5x₹1009 cr6.2%7.0%0.2x
2026-0916.0x₹1009 cr6.2%7.0%0.2x
2026-0814.7x₹968 cr6.5%7.0%0.2x
2026-0716.0x₹968 cr6.5%7.0%0.2x
2026-0617.9x₹968 cr6.5%7.0%0.2x
2026-0518.8x₹904 cr5.8%11.0%0.2x
2026-0417.9x₹904 cr5.8%11.0%0.2x
2026-0313.6x₹904 cr5.8%11.0%0.2x
2026-0216.6x₹878 cr6.5%11.0%0.2x
2026-0117.6x₹878 cr6.5%11.0%0.2x
2025-1221.4x₹878 cr6.5%11.0%0.2x
2025-1124.9x₹847 cr6.0%11.0%0.2x
2025-1027.9x₹847 cr6.0%11.0%0.2x
2025-0927.7x₹847 cr6.0%11.0%0.2x
2025-0828.5x₹807 cr5.3%11.0%0.2x
2025-0727.5x₹807 cr5.3%11.0%0.2x
2025-0631.6x₹807 cr5.3%11.0%0.2x
2025-0522.6x₹780 cr9.3%10.0%0.1x
2025-0419.2x₹780 cr9.3%10.0%0.1x
2025-0319.5x₹780 cr9.3%10.0%0.1x
2025-0223.2x₹730 cr8.3%10.0%0.1x
2025-0126.9x₹730 cr8.3%10.0%0.1x
2024-1227.2x₹730 cr8.3%10.0%0.1x
2024-1130.6x₹697 cr8.1%10.0%0.1x
2024-1031.9x₹697 cr8.1%10.0%0.1x
2024-0931.3x₹697 cr8.1%10.0%0.1x
2024-0831.9x₹687 cr7.9%10.0%0.1x
2024-0726.2x₹687 cr7.9%10.0%0.1x
2024-0622.0x₹687 cr7.9%10.0%0.1x
2024-05114.0x₹660 cr1.3%13.0%0.1x
2024-04108.1x₹660 cr1.3%13.0%0.1x
2024-03110.4x₹660 cr1.3%13.0%0.1x
2024-02121.6x₹660 cr1.3%13.0%0.1x
2024-01144.6x₹660 cr1.3%13.0%0.1x
2023-12108.8x₹660 cr1.3%13.0%0.1x
2023-1197.5x₹660 cr1.3%13.0%0.1x
2023-1089.8x₹660 cr1.3%13.0%0.1x
2023-09104.8x₹660 cr1.3%13.0%0.1x
2023-08105.6x₹660 cr1.3%13.0%0.1x
2023-07116.6x₹660 cr1.3%13.0%0.1x
2023-0689.8x₹660 cr1.3%13.0%0.1x
2023-057.6x₹485 cr11.5%9.0%0.1x
2023-047.3x₹485 cr11.5%9.0%0.1x
2023-036.7x₹485 cr11.5%9.0%0.1x
2023-028.6x₹485 cr11.5%9.0%0.1x
2023-018.7x₹485 cr11.5%9.0%0.1x
2022-128.1x₹485 cr11.5%9.0%0.1x
2022-119.4x₹485 cr11.5%9.0%0.1x
2022-108.9x₹485 cr11.5%9.0%0.1x
2022-099.2x₹485 cr11.5%9.0%0.1x
2022-0810.2x₹485 cr11.5%9.0%0.1x
2022-0711.1x₹485 cr11.5%9.0%0.1x
2022-0611.0x₹485 cr11.5%9.0%0.1x
2022-0534.1x₹358 cr4.0%5.0%0.1x
2022-0439.4x₹358 cr4.0%5.0%0.1x
2022-0330.2x₹358 cr4.0%5.0%0.1x
2022-0227.2x₹358 cr4.0%5.0%0.1x
2022-0138.0x₹358 cr4.0%5.0%0.1x
2021-1236.6x₹358 cr4.0%5.0%0.1x
2021-1128.3x₹358 cr4.0%5.0%0.1x
2021-1024.0x₹358 cr4.0%5.0%0.1x
2021-0919.3x₹358 cr4.0%5.0%0.1x
2021-0819.4x₹358 cr4.0%5.0%0.1x
2021-0718.6x₹358 cr4.0%5.0%0.1x
2021-0616.6x₹358 cr4.0%5.0%0.1x
2021-0517.2x₹330 cr4.2%6.0%0.1x
2021-0412.5x₹330 cr4.2%6.0%0.1x
2021-0311.4x₹330 cr4.2%6.0%0.1x
2021-0210.5x₹330 cr4.2%6.0%0.1x
2021-0110.4x₹330 cr4.2%6.0%0.1x
2020-129.7x₹330 cr4.2%6.0%0.1x
2020-116.6x₹330 cr4.2%6.0%0.1x
2020-105.6x₹330 cr4.2%6.0%0.1x
2020-095.8x₹330 cr4.2%6.0%0.1x
2020-086.2x₹330 cr4.2%6.0%0.1x
2020-074.8x₹330 cr4.2%6.0%0.1x
2020-064.4x₹330 cr4.2%6.0%0.1x
2020-055.7x₹240 cr2.7%4.0%0.1x
2020-045.2x₹240 cr2.7%4.0%0.1x
2020-035.2x₹240 cr2.7%4.0%0.1x
2020-027.4x₹240 cr2.7%4.0%0.1x
2020-019.4x₹240 cr2.7%4.0%0.1x
2019-128.2x₹240 cr2.7%4.0%0.1x
2019-119.6x₹240 cr2.7%4.0%0.1x
2019-105.5x₹240 cr2.7%4.0%0.1x
2019-095.8x₹240 cr2.7%4.0%0.1x
2019-085.4x₹240 cr2.7%4.0%0.1x
2019-075.1x₹240 cr2.7%4.0%0.1x
2019-065.7x₹240 cr2.7%4.0%0.1x
2019-059.0x₹225 cr2.4%5.0%0.1x
2019-047.5x₹225 cr2.4%5.0%0.1x
2019-036.7x₹225 cr2.4%5.0%0.1x
2019-026.1x₹225 cr2.4%5.0%0.1x
2019-016.4x₹225 cr2.4%5.0%0.1x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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