Share price
₹800.9 latest close · +11.3% over the last 90 sessions
₹800.9 month-end · +1.0% over 12 months
₹800.9 month-end · −24.4% over 3 years
₹800.9 month-end · +113.4% since Jan '19
52-week range ₹579.90 to ₹931.85 · 1-year volatility 33.8%
Was the rally earned?
- The share price was roughly flat over 1 year (+1%).
- The share count fell 10%.
Mostly earnings.
- Per-share earnings took off 41 points, while the multiple moved less (P/E 16.7x to 20.3x).
- The share count barely moved.
Partly.
- Most of the rise came from investors paying a higher multiple (P/E 14.9x to 20.3x); per-share earnings added 2 points.
- 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
-65.4% (2024-09 peak to 2026-03 low, not yet recovered)
-48.8% (2020-02 peak to 2020-03 low, recovered 2021-07)
-34.8% (2019-05 peak to 2019-08 low, recovered 2020-01)
Is it expensive against its own past and its peers?
Usual range 8.6x to 25.5x since 2019-01.
45% 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
- ROCE11th▼ 7 pts vs a year ago
- Op. margin31st▲ 26 pts vs a year ago
- Revenue growth49th▲ 40 pts vs a year ago
- EPS growth96th▲ 91 pts vs a year ago
- Debt/equity ↓71st▼ 9 pts vs a year ago
- Cash cycle ↓62ndflat vs a year ago
- P/E ↓77th▲ 61 pts vs a year ago
- 12M momentum43rd▲ 23 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 a P/E of 14.4x, the price would imply about 10.5%/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 Health Technology The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹800.90
- P/E
- 20.3x
- ROCE
- 1.0%
- Market Cap
- ₹458 cr
- Revenue (TTM)
- ₹364 cr
- P/S
- 1.3x
- P/B
- 1.2x
- ROE
- 5.8%
- Operating Margin
- 10.0%
- Debt / Equity
- 0.1x
- Promoter Holding
- 62.2%
- 12M Momentum
- 1.0%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance46%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 46.4%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate13%Near threshold
Median quarterly effective tax rate over about 2.5 years: 13.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.11xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.11x (cash from operations ₹10 cr, net profit ₹91 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+7 daysWithin range
Debtor days are above the median of the previous three fiscal years by 7 days (37 vs 30). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress21% of fixed assetsWithin range
Capital work-in-progress is 21% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days+6 days / 2 yrsWithin range
Days payable changed by +6 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 2 years, institutional and promoter holdings were broadly unchanged.
- The number of shareholders rose from 10,041 to 13,155 (+31%) between Dec 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 ALBERT DAVID LTD 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 −22% to +27% vs the market, against −5% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +8.0%, 80% range +0.6% to +9.3%), but the matches cluster in only 6 distinct 12-month windows.
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 · 3 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 35 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| VSSL Non-Energy Minerals |
Sep 2024 | 26x | — | +53% | −6% | +2% |
| RAMCOIND Non-Energy Minerals |
Feb 2025 | 16x | 3% | +4% | −28% | +7% |
| LINC Consumer Non-Durables |
May 2025 | 24x | — | +8% | −22% | −36% |
| HMVL Consumer Services |
May 2023 | 12x | 3% | +16% | −2% | −3% |
| HINDCOMPOS Producer Manufacturing |
Jul 2023 | 20x | 4% | +38% | −1% | +5% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| CHEMBOND Process Industries |
Dec 2022 | 23x | 7% | +14% | −11% | +70% |
| GHCLTEXTIL Process Industries |
Oct 2024 | 31x | 6% | +41% | −10% | −29% |
| GABRIEL Producer Manufacturing |
Sep 2024 | 38x | — | +56% | −6% | +148% |
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 changed?
30 events since Jun '22
- OctResultsYear-on-year EPS growth turned positive.
- SepResultsEPS (TTM) turned positive.
- SepPeer rankMoved into the 3rd quartile of Health Technology on operating margin (from the bottom quartile).
- JunResultsEPS (TTM) turned negative.
- JunPeer rankSlipped to the bottom quartile of Health Technology on operating margin (from the 3rd quartile).
- JunDividendDividend payout cut from 17% to -192% of profit.
- MarResultsEPS (TTM) turned positive.
- MarPriceFell 65% from the Sep 2024 peak to the Mar 2026 low.
Show 22 earlier events
- MarValuationP/E crossed above the 90th percentile of its own history to date (34.9x).
- MarPeer rankMoved into the 3rd quartile of Health Technology on operating margin (from the bottom quartile).
- DecResultsEPS (TTM) turned negative.
- JunResultsYear-on-year EPS growth turned negative.
- JunValuationP/E crossed above the 90th percentile of its own history to date (27.8x).
- JunPeer rankSlipped to the bottom quartile of Health Technology on ROCE (from the top quartile).
- MarPeer rankSlipped to the 3rd quartile of Health Technology on EPS growth (from the top quartile).
- FebValuationP/E fell below the 10th percentile of its own history to date (7.1x).
- DecResultsRevenue (TTM) reached a new high of ₹364 cr.
- SepPeer rankSlipped to the bottom quartile of Health Technology on operating margin (from the 3rd quartile).
- AugPriceRegained the 2024-01 peak, 5 months after the low.
- JunResultsRevenue (TTM) reached a new high of ₹362 cr.
- JunPeer rankMoved into the top quartile of Health Technology on ROCE (from the 2nd quartile).
- MarPriceFell 34% from the Jan 2024 peak to the Mar 2024 low.
- NovValuationP/E crossed above the 90th percentile of its own history to date (16.7x).
- JulPriceRegained the 2022-01 peak, 13 months after the low.
- JunResultsRevenue (TTM) reached a new high of ₹341 cr.
- JunPeer rankSlipped to the 2nd quartile of Health Technology on EPS growth (from the top quartile).
- MarValuationP/E fell below the 10th percentile of its own history to date (8.3x).
- JunPriceFell 30% from the Jan 2022 peak to the Jun 2022 low.
- JunValuationP/E fell below the 10th percentile of its own history to date (8.4x).
- JunPeer rankMoved into the 2nd quartile of Health Technology on ROCE (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 history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 20.3x | ₹364 cr | 5.8% | 1.0% | 0.1x |
| 2026-10 | 19.3x | ₹364 cr | 5.9% | 1.0% | 0.1x |
| 2026-09 | 22.1x | ₹364 cr | 5.9% | 1.0% | 0.1x |
| 2026-08 | — | ₹334 cr | -0.4% | 1.0% | 0.1x |
| 2026-07 | — | ₹334 cr | -0.4% | 1.0% | 0.1x |
| 2026-06 | — | ₹334 cr | -0.4% | 1.0% | 0.1x |
| 2026-05 | 42.1x | ₹323 cr | 2.5% | 6.0% | 0.0x |
| 2026-04 | 42.5x | ₹323 cr | 2.5% | 6.0% | 0.0x |
| 2026-03 | 34.9x | ₹323 cr | 2.5% | 6.0% | 0.0x |
| 2026-02 | — | ₹316 cr | -3.6% | 6.0% | 0.0x |
| 2026-01 | — | ₹316 cr | -3.6% | 6.0% | 0.0x |
| 2025-12 | — | ₹316 cr | -3.6% | 6.0% | 0.0x |
| 2025-11 | 72.0x | ₹327 cr | 1.8% | 6.0% | 0.0x |
| 2025-10 | 77.1x | ₹327 cr | 1.8% | 6.0% | 0.0x |
| 2025-09 | 70.9x | ₹327 cr | 1.8% | 6.0% | 0.0x |
| 2025-08 | 26.6x | ₹345 cr | 4.6% | 6.0% | 0.0x |
| 2025-07 | 29.6x | ₹345 cr | 4.6% | 6.0% | 0.0x |
| 2025-06 | 27.8x | ₹345 cr | 4.6% | 6.0% | 0.0x |
| 2025-05 | 11.3x | ₹359 cr | 10.7% | 28.0% | 0.0x |
| 2025-04 | 11.7x | ₹359 cr | 10.7% | 28.0% | 0.0x |
| 2025-03 | 11.4x | ₹359 cr | 10.7% | 28.0% | 0.0x |
| 2025-02 | 7.1x | ₹364 cr | 18.0% | 28.0% | 0.0x |
| 2025-01 | 9.8x | ₹364 cr | 18.0% | 28.0% | 0.0x |
| 2024-12 | 11.1x | ₹364 cr | 18.0% | 28.0% | 0.0x |
| 2024-11 | 10.4x | ₹359 cr | 18.5% | 28.0% | 0.0x |
| 2024-10 | 11.2x | ₹359 cr | 18.5% | 28.0% | 0.0x |
| 2024-09 | 11.7x | ₹359 cr | 18.5% | 28.0% | 0.0x |
| 2024-08 | 12.3x | ₹362 cr | 19.6% | 28.0% | 0.0x |
| 2024-07 | 9.7x | ₹362 cr | 19.6% | 28.0% | 0.0x |
| 2024-06 | 10.3x | ₹362 cr | 19.6% | 28.0% | 0.0x |
| 2024-05 | 17.7x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2024-04 | 18.9x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2024-03 | 17.0x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2024-02 | 20.6x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2024-01 | 22.6x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2023-12 | 15.4x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2023-11 | 16.7x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2023-10 | 13.1x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2023-09 | 12.2x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2023-08 | 12.6x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2023-07 | 11.7x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2023-06 | 9.4x | ₹341 cr | 11.5% | 17.0% | 0.0x |
| 2023-05 | 9.3x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2023-04 | 9.8x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2023-03 | 8.3x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2023-02 | 8.9x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2023-01 | 8.9x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2022-12 | 9.2x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2022-11 | 9.9x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2022-10 | 9.0x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2022-09 | 9.3x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2022-08 | 8.8x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2022-07 | 9.2x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2022-06 | 8.4x | ₹313 cr | 12.5% | 17.0% | 0.0x |
| 2022-05 | 13.8x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2022-04 | 15.9x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2022-03 | 13.7x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2022-02 | 13.4x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2022-01 | 17.1x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2021-12 | 15.6x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2021-11 | 14.9x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2021-10 | 14.7x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2021-09 | 15.5x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2021-08 | 14.9x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2021-07 | 14.1x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2021-06 | 12.6x | ₹246 cr | 9.0% | 12.0% | 0.0x |
| 2021-05 | 13.7x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2021-04 | 13.0x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2021-03 | 11.2x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2021-02 | 12.1x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2021-01 | 12.7x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2020-12 | 13.2x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2020-11 | 13.7x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2020-10 | 11.5x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2020-09 | 13.1x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2020-08 | 12.7x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2020-07 | 12.2x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2020-06 | 12.2x | ₹320 cr | 8.5% | 14.0% | 0.0x |
| 2020-05 | 10.6x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2020-04 | 10.0x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2020-03 | 6.8x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2020-02 | 8.7x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2020-01 | 10.2x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2019-12 | 8.7x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2019-11 | 8.7x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2019-10 | 8.5x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2019-09 | 7.5x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2019-08 | 7.4x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2019-07 | 7.8x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2019-06 | 8.5x | ₹316 cr | 12.8% | 18.0% | 0.0x |
| 2019-05 | 25.2x | ₹285 cr | 5.4% | 7.0% | 0.2x |
| 2019-04 | 22.4x | ₹285 cr | 5.4% | 7.0% | 0.2x |
| 2019-03 | 22.7x | ₹285 cr | 5.4% | 7.0% | 0.2x |
| 2019-02 | 22.8x | ₹285 cr | 5.4% | 7.0% | 0.2x |
| 2019-01 | 21.8x | ₹285 cr | 5.4% | 7.0% | 0.2x |