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ALLDIGI TECH LIMITED (ALLDIGI)

Technology Services · Data Processing 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.55 / 100
Profitability 84Growth 63Balance sheet 19
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.59 / 100
Price 71Earnings 56FII/DII 48

Passes these screensCash RichConsistent compounders

Compare withSAGILITYPINE LABSCOMPUTER AGE MANAGEMENT SERV

Share price

Closing priceAdjusted for splits and bonus issues.

₹833 latest close · +5.8% over the last 90 sessions

₹750₹800₹850Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹750₹800₹850Jul 3Sep 4Nov 9

₹833 month-end · +5.0% over 12 months

₹700₹750₹800₹850Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹700₹750₹800₹850Nov '25May '26Nov '26

₹833 month-end · +38.9% over 3 years

₹600₹800₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹600₹800₹1,000Nov '23May '25Nov '26

₹833 month-end · +386.7% since Jan '19

₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹675.45 to ₹935.40 · 1-year volatility 30.5%

Was the rally earned?

+5%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (+5%).
  • The share count barely moved.
Net profit growth: +26 pts. Points of the price return explained by net profit growing (or shrinking).+26 ptsNet profit growthP/E change: −21 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−21 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +5%+5%Share priceNet profit growth: +26 pts. Points of the price return explained by net profit growing (or shrinking).+26ProfitP/E change: −21 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−21P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +5%+5%Share price
Net profit growth+26 ptsNet profit rose about 29%, which lifts the price.
P/E change-21 ptsThe P/E fell from 18.2x to 14.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+39%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 66 points, but investors now pay less per rupee of profit (P/E 18.7x to 14.9x), which took 27 points back.
  • The share count barely moved.
Net profit growth: +66 pts. Points of the price return explained by net profit growing (or shrinking).+66 ptsNet profit growthP/E change: −27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−27 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +39%+39%Share priceNet profit growth: +66 pts. Points of the price return explained by net profit growing (or shrinking).+66ProfitP/E change: −27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−27P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +39%+39%Share price
Net profit growth+66 ptsNet profit rose about 74%, which lifts the price.
P/E change-27 ptsThe P/E fell from 18.7x to 14.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+93%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 126 points, but investors now pay less per rupee of profit (P/E 18.7x to 14.9x), which took 32 points back.
  • The share count barely moved.
Net profit growth: +126 pts. Points of the price return explained by net profit growing (or shrinking).+126 ptsNet profit growthP/E change: −32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−32 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +93%+93%Share priceNet profit growth: +126 pts. Points of the price return explained by net profit growing (or shrinking).+126ProfitP/E change: −32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−32P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +93%+93%Share price
Net profit growth+126 ptsNet profit rose about 144%, which lifts the price.
P/E change-32 ptsThe P/E fell from 18.7x to 14.9x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against 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 SAGILITY

How rough has the ride been?

Maximum drawdown-65.6%recovered 2021-02
1-year volatility30.5%annualised
Beta vs sector index0.493-year daily, correlation 0.26
Volume spikes8last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−63.8% 0%−20%−40%−60%2020202220242026−63.8%
Largest drawdowns

-65.6% (2020-01 peak to 2020-03 low, recovered 2021-02)

-41.8% (2022-01 peak to 2022-07 low, recovered 2024-01)

-40.6% (2024-07 peak to 2026-03 low, not yet recovered)

Most recent volume spikes

2026-11-09: 5.9x the 50-day median, price -0.3% that day

2026-10-30: 7.1x the 50-day median, price +2.7% that day

2026-10-13: 9.7x the 50-day median, price +5.9% 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?

14.8xP/E todayWithin its usual range
Against its own history24th percentile
CheapestMedian 17.8xDearest

Usual range 8.2x to 25.2x since 2019-01.

Against Technology Services14.8x vs 21.1x
This company
14.8x
Sector median
21.1x

30% below the Technology Services median.

4.3x17.2x30.1x42.9xJan '19Aug '20Mar '22Oct '23May '25Nov '264.3x17.2x30.1x42.9xJan '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

The chart loads when you open this tab.

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

  • ROCE80th▼ 3 pts vs a year ago
  • Op. margin89th▲ 9 pts vs a year ago
  • Revenue growth40th▼ 16 pts vs a year ago
  • EPS growth72nd▲ 41 pts vs a year ago
  • Debt/equity ↓10th▼ 13 pts vs a year ago
  • Cash cycle ↓77th▲ 3 pts vs a year ago
  • P/E ↓72ndflat vs a year ago
  • 12M momentum79th▲ 23 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?

~10%annual earnings growth implied by the priceIn line with delivered growth

At normalised P/E (five-year average earnings) of 20.3x, a holder earning 12%/yr needs earnings to grow about 10.4%/yr for 10 years, then trade at 15x.

Delivered7.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+2.9 ptsimplied minus delivered
Rank477thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

0%10%21% Jan 2019Nov 2026 0%10%21% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x11.2%12.2%13.2%
15x9.4%10.4%11.4%
20x6.9%7.9%8.9%

Drag a slider to test other assumptions

Implied: 10.4%/yr

Looking back

  • Jan 2020Price implied 11%/yr; EPS has since grown 26%/yr (7.0 yrs)
  • Jan 2021Price implied 7%/yr; EPS has since grown 11%/yr (6.0 yrs)
  • Jan 2022Price implied 14%/yr; EPS has since grown 19%/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 Technology Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹833.00
P/E
14.9x
ROCE
28.0%
Market Cap
₹1269 cr
Revenue (TTM)
₹605 cr
P/S
2.1x
P/B
5.1x
ROE
34.0%
Operating Margin
28.0%
Debt / Equity
0.7x
Promoter Holding
73.4%
12M Momentum
5.0%

52-week range

₹675.45₹935.40
61% of the way from its 52-week low to its high

Price risk

1Y volatility
30.5%
Beta vs sector
1-year daily
0.51

Balance sheet & cash

Interest cover
operating profit ÷ interest
9.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.54x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 6checks within rangeAll clear
Other income reliance1%Within range

Other income as a share of pre-tax profit (trailing twelve months): 1.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate24%Within range

Median quarterly effective tax rate over about 2.5 years: 24.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.54xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.54x (cash from operations ₹353 cr, net profit ₹229 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-9 daysWithin range

Debtor days are below the median of the previous three fiscal years by 9 days (42 vs 51). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

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 2 years, FIIs added 1.0 pts.
  • The number of shareholders rose from 14,810 to 17,108 (+16%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters73.4%73.4%0.0 pts
FIIs0.1%1.0%+1.0 pts
DIIs1.1%1.6%+0.4 pts
Public and others25.4%24.0%-1.4 pts

Number of shareholders

17,108shareholders+16% since Dec '23
15k16k17k19k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 14,810
Mar '24: 14,861
Jun '24: 16,681
Sep '24: 18,786
Dec '24: 17,892
Mar '25: 16,772
Jun '25: 16,622
Sep '25: 15,891
Dec '25: 16,059
Mar '26: 16,972
Jun '26: 17,108
 15k16k17k19k Dec '23Dec '24Dec '25Jun '26
Dec '23: 14,810
Mar '24: 14,861
Jun '24: 16,681
Sep '24: 18,786
Dec '24: 17,892
Mar '25: 16,772
Jun '25: 16,622
Sep '25: 15,891
Dec '25: 16,059
Mar '26: 16,972
Jun '26: 17,108

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

−15.1%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like ALLDIGI TECH 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 −31% to +32% vs the market, against −1% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −13.7%, 80% range −21.1% to −6.9%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
LUMAXIND · Mar 2021: −55.3% vs market
VRLLOG · Dec 2023: −44.2% vs market
KNRCON · Jul 2024: −43.9% vs market
PSPPROJECT · Aug 2023: −43.4% vs market
GNA · Aug 2023: −43.0% vs market
BAJAJHCARE · Jan 2023: −40.5% vs market
MATRIMONY · Oct 2024: −38.0% vs market
AKSHARCHEM · Oct 2021: −37.1% vs market
JTLIND · Feb 2024: −35.0% vs market
INDOCO · Feb 2023: −34.9% vs market
GANESHBE · Aug 2023: −34.2% vs market
SMCGLOBAL · Jun 2022: −32.1% vs market
NAVNETEDUL · Mar 2020: −31.0% vs market
HGINFRA · May 2024: −29.3% vs market
JKLAKSHMI · Jun 2021: −27.3% vs market
INSECTICID · Jan 2020: −26.4% vs market
ORIENTCEM · Jan 2022: −26.2% vs market
HEIDELBERG · Dec 2020: −26.1% vs market
MASTEK · Sep 2023: −25.4% vs market
HUHTAMAKI · Jul 2020: −20.6% vs market
NIITMTS · Jan 2025: −20.6% vs market
TVSSRICHAK · May 2020: −18.5% vs market
STOVEKRAFT · Sep 2024: −17.6% vs market
HINDWAREAP · Jan 2023: −17.0% vs market
PNCINFRA · Aug 2021: −15.4% vs market
GULFOILLUB · Aug 2025: −14.8% vs market
ROHLTD · May 2025: −8.7% vs market
MALLCOM · Mar 2023: −8.4% vs market
GPTHEALTH · Jul 2025: −8.3% vs market
EPL · Jun 2025: −7.9% vs market
PIXTRANS · May 2023: −7.3% vs market
PCBL · Sep 2021: −4.2% vs market
GRANULES · Feb 2024: +3.5% vs market
TCPLPACK · Aug 2024: +9.3% vs market
MANGLMCEM · Mar 2021: +11.7% vs market
VADILALIND · Feb 2025: +16.8% vs market
KEC · Mar 2020: +23.2% vs market
AWHCL · Nov 2022: +34.4% vs market
NH · Oct 2024: +34.6% vs market
MOLDTKPAC · Mar 2021: +50.3% vs market
JASH · Dec 2023: +53.6% vs market
SHRIPISTON · Mar 2025: +64.1% vs market
JKPAPER · Mar 2021: +64.2% vs market
DCMSHRIRAM · Mar 2021: +82.5% vs market
KPRMILL · Sep 2020: +99.9% vs market
SMSPHARMA · Apr 2020: +115.8% vs market
MENONBE · Sep 2025: +129.7% vs market
STEELXIND · Dec 2020: +178.0% vs market
THEJO · Apr 2020: +190.7% vs market
POKARNA · Dec 2020: +190.9% vs market
Similar setups −15.1%All companies −1.4%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
−15.1%
All companies' median
−1.4%
Beat the market
36% vs 49%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PIXTRANS
Producer Manufacturing		 May 2023 20x24% +28%−1% −7%
GPTHEALTH
Health Services		 Jul 2025 34x24% −7%−10% −8%
VADILALIND
Consumer Non-Durables		 Feb 2025 17x27% +2%−28% +17%
ORIENTCEM
Non-Energy Minerals		 Jan 2022 16x19% +99%−8% −26%
ROHLTD
Consumer Services		 May 2025 20x20% +9%−14% −9%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
THEJO
Distribution Services		 Apr 2020 10x24% −30%— +191%
HGINFRA
Industrial Services		 May 2024 20x25% +67%−5% −29%
PSPPROJECT
Industrial Services		 Aug 2023 22x25% +35%0% −43%
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 ALLDIGI TECH LIMITED. 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.

CANTABIL RETAIL INDIACANTABIL
Consumer Non-Durables
71%similar
revenue growthpromoter holding
DOLAT ALGOTECHDOLATALGO
Finance
62%similar
revenue growthmarket cap
GPT INFRAPROJECTSGPTINFRA
Industrial Services
59%similar
P/Erevenue growth
GPT HEALTHCAREGPTHEALTH
Health Services
54%similar
market capdebt/equity
SEAMECSEAMECLTD
Industrial Services
51%similar
P/Epromoter holding
XCHANGING SOLUTIONSXCHANGING
Technology Services
54%similar
operating marginP/E
KSOLVES INDIAKSOLVES
Technology Services
43%similar
operating marginP/E
INNOVANA THINKLABSINNOVANA
Technology Services
38%similar
promoter holdingP/E

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

What changed?

30 events since Oct '22

  1. OctPriceVolume reached 9.7x its 50-day median on 2026-10-13; price +5.9% that day.
  2. SepResultsYear-on-year EPS growth turned positive.
  3. SepPeer rankMoved into the 2nd quartile of Technology Services on EPS growth (from the 3rd quartile).
  4. JulPriceVolume reached 22.2x its 50-day median on 2026-07-27; price +6.0% that day.
  5. MarPriceFell 41% from the Jul 2024 peak to the Mar 2026 low.
  6. FebPriceVolume reached 21.4x its 50-day median on 2026-02-03; price +7.5% that day.
  7. OctPriceVolume reached 5.8x its 50-day median on 2025-10-10; price +0.2% that day.
  8. SepResultsYear-on-year EPS growth turned negative.
Show 22 earlier events
  1. SepPeer rankMoved into the top quartile of Technology Services on operating margin (from the 2nd quartile).
  2. JulPriceVolume reached 12.9x its 50-day median on 2025-07-31; price -5.0% that day.
  3. JunPeer rankSlipped to the 2nd quartile of Technology Services on operating margin (from the top quartile).
  4. DecPeer rankSlipped to the 2nd quartile of Technology Services on EPS growth (from the top quartile).
  5. OctPriceVolume reached 9.0x its 50-day median on 2024-10-28; price -4.5% that day.
  6. SepPeer rankMoved into the top quartile of Technology Services on EPS growth (from the 2nd quartile).
  7. JulPriceVolume reached 5.9x its 50-day median on 2024-07-26; price +1.2% that day.
  8. JunResultsRevenue (TTM) reached a new high of ₹469 cr.
  9. JunPeer rankMoved into the top quartile of Technology Services on ROCE (from the 2nd quartile).
  10. MayValuationP/E crossed above the 90th percentile of its own history to date (30.3x).
  11. MayPriceVolume reached 67.7x its 50-day median on 2024-05-07; price +13.6% that day.
  12. MarPeer rankSlipped to the 2nd quartile of Technology Services on EPS growth (from the top quartile).
  13. JanPriceRegained the 2022-01 peak, 18 months after the low.
  14. JanPriceVolume reached 26.5x its 50-day median on 2024-01-24; price +9.1% that day.
  15. OctPriceVolume reached 19.9x its 50-day median on 2023-10-30; price +5.3% that day.
  16. JulPriceVolume reached 79.5x its 50-day median on 2023-07-19; price +5.2% that day.
  17. JunResultsRevenue (TTM) reached a new high of ₹390 cr.
  18. JunPeer rankMoved into the top quartile of Technology Services on EPS growth (from the 3rd quartile).
  19. JunDividendDividend payout cut from 257% to 62% of profit.
  20. JunPriceVolume reached 61.7x its 50-day median on 2023-06-21; price +13.1% that day.
  21. JanPriceVolume reached 15.3x its 50-day median on 2023-01-24; price +7.2% that day.
  22. OctPriceVolume reached 13.2x its 50-day median on 2022-10-31; price +2.4% that day.

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
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1114.9x₹605 cr34.0%28.0%0.7x
2026-1014.8x₹605 cr34.3%28.0%0.7x
2026-0913.7x₹605 cr34.3%28.0%0.7x
2026-0815.1x₹599 cr33.1%28.0%0.7x
2026-0715.1x₹599 cr33.1%28.0%0.7x
2026-0614.3x₹599 cr33.1%28.0%0.7x
2026-0516.6x₹590 cr28.2%31.0%0.2x
2026-0416.9x₹590 cr28.2%31.0%0.2x
2026-0314.2x₹590 cr28.2%31.0%0.2x
2026-0216.9x₹576 cr27.8%31.0%0.2x
2026-0117.8x₹576 cr27.8%31.0%0.2x
2025-1217.3x₹576 cr27.8%31.0%0.2x
2025-1118.2x₹560 cr25.5%31.0%0.2x
2025-1019.0x₹560 cr25.5%31.0%0.2x
2025-0920.2x₹560 cr25.5%31.0%0.2x
2025-0816.6x₹545 cr32.0%31.0%0.2x
2025-0717.0x₹545 cr32.0%31.0%0.2x
2025-0615.8x₹545 cr32.0%31.0%0.2x
2025-0515.5x₹529 cr34.7%31.0%0.2x
2025-0416.0x₹529 cr34.7%31.0%0.2x
2025-0315.8x₹529 cr34.7%31.0%0.2x
2025-0216.7x₹510 cr31.0%31.0%0.2x
2025-0118.0x₹510 cr31.0%31.0%0.2x
2024-1217.8x₹510 cr31.0%31.0%0.2x
2024-1118.3x₹491 cr32.7%31.0%0.2x
2024-1016.8x₹491 cr32.7%31.0%0.2x
2024-0918.0x₹491 cr32.7%31.0%0.2x
2024-0824.8x₹469 cr26.1%31.0%0.2x
2024-0724.1x₹469 cr26.1%31.0%0.2x
2024-0625.7x₹469 cr26.1%31.0%0.2x
2024-0530.3x₹390 cr21.4%25.0%0.2x
2024-0422.3x₹390 cr21.4%25.0%0.2x
2024-0321.3x₹390 cr21.4%25.0%0.2x
2024-0224.0x₹390 cr21.4%25.0%0.2x
2024-0123.0x₹390 cr21.4%25.0%0.2x
2023-1219.0x₹390 cr21.4%25.0%0.2x
2023-1118.7x₹390 cr21.4%25.0%0.2x
2023-1019.6x₹390 cr21.4%25.0%0.2x
2023-0917.5x₹390 cr21.4%25.0%0.2x
2023-0817.2x₹390 cr21.4%25.0%0.2x
2023-0717.2x₹390 cr21.4%25.0%0.2x
2023-0615.8x₹390 cr21.4%25.0%0.2x
2023-0518.5x₹317 cr17.2%22.0%0.2x
2023-0418.2x₹317 cr17.2%22.0%0.2x
2023-0319.4x₹317 cr17.2%22.0%0.2x
2023-0219.1x₹317 cr17.2%22.0%0.2x
2023-0120.9x₹317 cr17.2%22.0%0.2x
2022-1220.4x₹317 cr17.2%22.0%0.2x
2022-1120.4x₹317 cr17.2%22.0%0.2x
2022-1021.4x₹317 cr17.2%22.0%0.2x
2022-0920.6x₹317 cr17.2%22.0%0.2x
2022-0821.0x₹317 cr17.2%22.0%0.2x
2022-0718.9x₹317 cr17.2%22.0%0.2x
2022-0617.1x₹317 cr17.2%22.0%0.2x
2022-0519.3x₹277 cr13.2%17.0%0.1x
2022-0421.0x₹277 cr13.2%17.0%0.1x
2022-0321.2x₹277 cr13.2%17.0%0.1x
2022-0219.8x₹277 cr13.2%17.0%0.1x
2022-0124.5x₹277 cr13.2%17.0%0.1x
2021-1226.0x₹277 cr13.2%17.0%0.1x

Older months are in the live observatory.

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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