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ASHIANA HOUSING LIMITED (ASHIANA)

Finance · Real Estate Development · 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.64 / 100
Profitability 45Growth 85Balance sheet 61
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.68 / 100
Price 48Earnings 90FII/DII 66

Passes these screensCash Rich

Compare withDLFLODHA DEVELOPERSPHOENIX MILLS

Share price

Closing priceAdjusted for splits and bonus issues.

₹356.15 latest close · −8.7% over the last 90 sessions

₹350₹375₹400Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹350₹375₹400Jul 3Sep 4Nov 9

₹356.15 month-end · +18.5% over 12 months

₹300₹350₹400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹300₹350₹400Nov '25May '26Nov '26

₹356.15 month-end · +40.7% over 3 years

₹300₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹300₹400Nov '23May '25Nov '26

₹356.15 month-end · +211.5% since Jan '19

₹200₹400Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹200₹400Jan '19Dec '22Nov '26

52-week range ₹269.45 to ₹435.90 · 1-year volatility 35.0%

Was the rally earned?

+19%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 129 points, but investors now pay less per rupee of profit (P/E 83.1x to 30.3x), which took 110 points back.
  • The share count barely moved.
Net profit growth: +130 pts. Points of the price return explained by net profit growing (or shrinking).+130 ptsNet profit growthP/E change: −110 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−110 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: +19%+19%Share priceNet profit growth: +130 pts. Points of the price return explained by net profit growing (or shrinking).+130ProfitP/E change: −110 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−110P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +19%+19%Share price
Net profit growth+130 ptsNet profit rose about 228%, which lifts the price.
P/E change-110 ptsThe P/E fell from 83.1x to 30.3x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+41%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 175 points, but investors now pay less per rupee of profit (P/E 93.1x to 30.3x), which took 134 points back.
  • The share count fell 2%.
Net profit growth: +172 pts. Points of the price return explained by net profit growing (or shrinking).+172 ptsNet profit growthP/E change: −134 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−134 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: +41%+41%Share priceNet profit growth: +172 pts. Points of the price return explained by net profit growing (or shrinking).+172ProfitP/E change: −134 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−134P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: +41%+41%Share price
Net profit growth+172 ptsNet profit rose about 322%, which lifts the price.
P/E change-134 ptsThe P/E fell from 93.1x to 30.3x, which lowers the price.
Share count change+3 ptsShare count fell 2%, which lifts the price.
+109%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 627 points, but investors now pay less per rupee of profit (P/E 1002.6x to 30.3x), which took 517 points back.
  • The share count barely moved.
Net profit growth: +627 pts. Points of the price return explained by net profit growing (or shrinking).+627 ptsNet profit growthP/E change: −517 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−517 ptsP/E changeShare price: +109%+109%Share priceNet profit growth: +627 pts. Points of the price return explained by net profit growing (or shrinking).+627ProfitP/E change: −517 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−517P/EShare price: +109%+109%Share price
Net profit growth+627 ptsNet profit rose about 6828%, which lifts the price.
P/E change-517 ptsThe P/E fell from 1002.6x to 30.3x, 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 DLF

How rough has the ride been?

Maximum drawdown-69.2%recovered 2021-03
1-year volatility35.0%annualised
Beta vs sector index0.653-year daily, correlation 0.29
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−69.1% 0%−20%−40%−60%2020202220242026−69.1%
Largest drawdowns

-69.2% (2019-06 peak to 2020-05 low, recovered 2021-03)

-44.3% (2024-06 peak to 2025-05 low, not yet recovered)

-43.0% (2021-09 peak to 2022-06 low, recovered 2023-07)

Most recent volume spikes

2026-11-09: 7.6x the 50-day median, price +0.7% that day

2026-11-05: 8.8x the 50-day median, price -5.9% that day

2026-09-21: 27.5x the 50-day median, price +14.3% 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?

30.3xP/E todayNear its historic low
Against its own history7th percentile
CheapestMedian 77.9xDearest

Usual range 31.2x to 919.7x since 2019-01.

Against Finance30.3x vs 18.1x
This company
30.3x
Sector median
18.1x

67% above the Finance median.

9.5x390.7x771.8x1152.9xJan '19Aug '20Mar '22Oct '23May '25Nov '269.5x390.7x771.8x1152.9xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianFinance 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 Finance is valued

Where does it rank among Finance peers?

Each cell is the company's percentile rank among its Finance 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

  • ROCE68th▲ 42 pts vs a year ago
  • Op. margin22ndflat vs a year ago
  • Revenue growth76th▲ 61 pts vs a year ago
  • EPS growth94th▲ 74 pts vs a year ago
  • Debt/equity ↓37thflat vs a year ago
  • Cash cycle ↓63rd▲ 10 pts vs a year ago
  • P/E ↓33rd▲ 19 pts vs a year ago
  • 12M momentum84th▲ 12 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 Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~31%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 75.0x, a holder earning 12%/yr needs earnings to grow about 30.7%/yr for 10 years, then trade at 15x.

Delivered9.1%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+21.6 ptsimplied minus delivered
Rank123rdmost demanding of 856

Over time

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

-54%17%88% Jan 2019Nov 2026 -54%17%88% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x32.3%33.5%34.7%
15x29.6%30.7%31.9%
20x26.0%27.2%28.3%

Drag a slider to test other assumptions

Implied: 30.7%/yr

Looking back

  • Jan 2020Price implied 16%/yr; EPS has since grown 36%/yr (7.0 yrs)
  • Jan 2022Price implied 36%/yr; EPS has since grown 126%/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 Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹356.15
P/E
30.3x
ROCE
14.0%
Market Cap
₹3579 cr
Revenue (TTM)
₹958 cr
P/S
3.7x
P/B
4.2x
ROE
13.8%
Operating Margin
7.0%
Debt / Equity
0.4x
Promoter Holding
61.1%
12M Momentum
18.5%

52-week range

₹269.45₹435.90
52% of the way from its 52-week low to its high

Price risk

1Y volatility
35.0%
Beta vs sector
1-year daily
0.48

Balance sheet & cash

Interest cover
operating profit ÷ interest
100.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
3.60x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 6checks within range2 near a threshold
Other income reliance29%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 29.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 24.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion3.60xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 3.60x (cash from operations ₹788 cr, net profit ₹219 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-14 daysWithin range

Debtor days are below the median of the previous three fiscal years by 14 days (14 vs 28). 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, DIIs added 0.8 pts.
  • The number of shareholders rose from 19,556 to 24,051 (+23%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters61.1%61.1%0.0 pts
FIIs8.2%8.2%-0.1 pts
DIIs7.3%8.1%+0.8 pts
Public and others23.3%22.6%-0.7 pts

Number of shareholders

24,051shareholders+23% since Dec '23
20k22k24k26k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 19,556
Mar '24: 22,304
Jun '24: 23,341
Sep '24: 24,018
Dec '24: 24,705
Mar '25: 25,563
Jun '25: 25,086
Sep '25: 24,984
Dec '25: 24,306
Mar '26: 23,194
Jun '26: 24,051
 20k22k24k26k Dec '23Dec '24Dec '25Jun '26
Dec '23: 19,556
Mar '24: 22,304
Jun '24: 23,341
Sep '24: 24,018
Dec '24: 24,705
Mar '25: 25,563
Jun '25: 25,086
Sep '25: 24,984
Dec '25: 24,306
Mar '26: 23,194
Jun '26: 24,051

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

+10.1%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like ASHIANA HOUSING 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 −23% to +27% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+11.0%, 80% range −1.9% to +14.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
BHARATRAS · Jul 2025: −56.1% vs market
DOLLAR · Feb 2022: −42.5% vs market
RALLIS · Aug 2020: −39.7% vs market
KKCL · Oct 2023: −39.7% vs market
IONEXCHANG · Feb 2025: −38.3% vs market
GREENPLY · Jan 2020: −35.9% vs market
BSOFT · Oct 2021: −35.8% vs market
IRCON · Feb 2020: −31.2% vs market
SHILPAMED · Jun 2020: −30.6% vs market
MAYURUNIQ · Apr 2023: −30.0% vs market
BALKRISIND · Feb 2023: −25.9% vs market
SUPRAJIT · Nov 2021: −23.3% vs market
GODREJAGRO · Sep 2020: −23.2% vs market
COCHINSHIP · Mar 2020: −21.8% vs market
INNOVACAP · Mar 2025: −19.3% vs market
SUDARSCHEM · Sep 2020: −17.0% vs market
VGUARD · Apr 2025: −14.2% vs market
JAMNAAUTO · Sep 2022: −11.4% vs market
AVTNPL · Feb 2022: −5.9% vs market
CARBORUNIV · Jun 2023: −4.9% vs market
AUTOAXLES · Nov 2022: −0.7% vs market
BHARATFORG · Jan 2020: −0.1% vs market
CAPLIPOINT · Jun 2021: +6.4% vs market
SILVERTUC · Jul 2024: +7.0% vs market
THERMAX · Feb 2020: +8.2% vs market
CUMMINSIND · Dec 2022: +12.0% vs market
NATCOPHARM · Sep 2023: +12.1% vs market
KSB · Apr 2020: +12.6% vs market
DIFFNKG · Oct 2025: +12.9% vs market
FINPIPE · Jun 2020: +13.0% vs market
TEGA · Dec 2023: +15.7% vs market
DODLA · Nov 2023: +16.8% vs market
NOCIL · Jun 2021: +16.9% vs market
SHALBY · Mar 2023: +19.9% vs market
NEWGEN · Apr 2021: +20.1% vs market
CCL · Feb 2022: +23.4% vs market
MOLDTKPAC · Mar 2020: +26.5% vs market
APLLTD · Jan 2020: +26.9% vs market
PRICOLLTD · Oct 2025: +28.6% vs market
SJS · Oct 2023: +28.7% vs market
SUNDRMFAST · Jul 2022: +33.2% vs market
ANUP · Aug 2023: +34.8% vs market
ELGIEQUIP · Jul 2021: +57.1% vs market
GANESHHOU · Jun 2023: +74.1% vs market
RADICO · Nov 2020: +75.0% vs market
FSL · Oct 2020: +76.9% vs market
GRSE · Apr 2024: +90.7% vs market
GABRIEL · Jan 2025: +91.1% vs market
GRANULES · Jan 2020: +93.9% vs market
MASTEK · Feb 2020: +112.5% vs market
Similar setups +10.1%All companies −0.9%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
+10.1%
All companies' median
−0.9%
Beat the market
56% vs 49%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JAMNAAUTO
Producer Manufacturing		 Sep 2022 32x25% +27%−13% −11%
KSB
Producer Manufacturing		 Apr 2020 17x16% −26%−34% +13%
CCL
Consumer Non-Durables		 Feb 2022 33x17% +96%−12% +23%
IRCON
Industrial Services		 Feb 2020 11x9% +26%−15% −31%
SUDARSCHEM
Process Industries		 Sep 2020 23x18% +27%−7% −17%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RADICO
Consumer Non-Durables		 Nov 2020 27x18% +45%−3% +75%
AUTOAXLES
Producer Manufacturing		 Nov 2022 41x17% +59%−8% −1%
GRSE
Producer Manufacturing		 Apr 2024 50x20% +114%−3% +91%
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: drawdown from 12-month high, P/E and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 ASHIANA HOUSING 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.

MANGALAM WORLDWIDEMWL
Non-Energy Minerals
64%similar
volatilityrevenue growth
VARDHMAN SPECIAL STEELSVSSL
Non-Energy Minerals
60%similar
operating marginmarket cap
ATUL AUTOATULAUTO
Consumer Durables
56%similar
operating marginrevenue
NDR AUTO COMPONENTSNDRAUTO
Producer Manufacturing
55%similar
revenue growthrevenue
WINDLAS BIOTECHWINDLAS
Health Technology
55%similar
P/Erevenue
MAHINDRA LIFESPACE DEVELOPERSMAHLIFE
Finance
61%similar
EPS growthrevenue growth
SOBHASOBHA
Finance
43%similar
operating marginvolatility
GODREJ PROPERTIESGODREJPROP
Finance
41%similar
revenue growthP/E

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. NovPriceVolume reached 8.8x its 50-day median on 2026-11-05; price -5.9% that day.
  2. SepPeer rankSlipped to the bottom quartile of Finance on operating margin (from the 3rd quartile).
  3. AugValuationP/E fell below the 10th percentile of its own history to date (31.3x).
  4. JulPriceVolume reached 152.9x its 50-day median on 2026-07-21; price +5.8% that day.
  5. JunPeer rankMoved into the 2nd quartile of Finance on ROCE (from the 3rd quartile).
  6. JunDividendDividend payout cut from 83% to 13% of profit.
  7. AprPriceVolume reached 41.8x its 50-day median on 2026-04-08; price +0.1% that day.
  8. MarResultsRevenue (TTM) reached a new high of ₹1,039 cr.
Show 22 earlier events
  1. MarValuationP/E fell below the 10th percentile of its own history to date (24.0x).
  2. FebPriceVolume reached 261.8x its 50-day median on 2026-02-11; price +14.0% that day.
  3. DecResultsYear-on-year EPS growth turned positive.
  4. DecPeer rankMoved into the 3rd quartile of Finance on operating margin (from the bottom quartile).
  5. NovPriceVolume reached 10.1x its 50-day median on 2025-11-13; price +0.3% that day.
  6. SepPeer rankSlipped to the bottom quartile of Finance on operating margin (from the 3rd quartile).
  7. AugPriceVolume reached 11.6x its 50-day median on 2025-08-26; price +3.9% that day.
  8. MayPriceFell 44% from the Jun 2024 peak to the May 2025 low.
  9. MarResultsYear-on-year EPS growth turned negative.
  10. MarPeer rankMoved into the 3rd quartile of Finance on operating margin (from the bottom quartile).
  11. JanPriceVolume reached 50.3x its 50-day median on 2025-01-08; price +7.8% that day.
  12. DecPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the top quartile).
  13. DecPriceVolume reached 7.1x its 50-day median on 2024-12-19; price +4.9% that day.
  14. NovPeer rankSlipped to the 3rd quartile of Finance on ROCE (from the 2nd quartile).
  15. JunResultsYear-on-year EPS growth turned positive.
  16. JunPeer rankMoved into the 2nd quartile of Finance on ROCE (from the 3rd quartile).
  17. AprPriceVolume reached 51.6x its 50-day median on 2024-04-15; price +15.5% that day.
  18. JanPriceVolume reached 27.1x its 50-day median on 2024-01-12; price +15.0% that day.
  19. NovPriceVolume reached 7.0x its 50-day median on 2023-11-13; price +6.9% that day.
  20. JulPriceRegained the 2021-09 peak, 13 months after the low.
  21. JulPriceVolume reached 24.1x its 50-day median on 2023-07-13; price +5.2% that day.
  22. JunResultsEPS (TTM) turned positive.

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
2026-1130.3x₹958 cr13.8%14.0%0.4x
2026-1028.6x₹958 cr13.9%14.0%0.4x
2026-0932.8x₹958 cr13.9%14.0%0.4x
2026-0831.3x₹1144 cr13.9%14.0%0.4x
2026-0733.3x₹1144 cr13.9%14.0%0.4x
2026-0633.7x₹1144 cr13.9%14.0%0.4x
2026-0531.2x₹1039 cr15.4%3.0%0.4x
2026-0429.4x₹1039 cr15.4%3.0%0.4x
2026-0324.0x₹1039 cr15.4%3.0%0.4x
2026-0245.6x₹810 cr9.4%3.0%0.4x
2026-0141.6x₹810 cr9.4%3.0%0.4x
2025-1240.6x₹810 cr9.4%3.0%0.4x
2025-1183.1x₹699 cr4.7%3.0%0.4x
2025-1077.9x₹699 cr4.7%3.0%0.4x
2025-0982.7x₹699 cr4.7%3.0%0.4x
2025-08171.8x₹529 cr2.4%3.0%0.4x
2025-07174.8x₹529 cr2.4%3.0%0.4x
2025-06191.0x₹529 cr2.4%3.0%0.4x
2025-05211.4x₹601 cr1.9%11.0%0.2x
2025-04175.7x₹601 cr1.9%11.0%0.2x
2025-03192.9x₹601 cr1.9%11.0%0.2x
2025-0293.6x₹652 cr4.2%11.0%0.2x
2025-01101.6x₹652 cr4.2%11.0%0.2x
2024-12108.2x₹652 cr4.2%11.0%0.2x
2024-1147.3x₹943 cr8.7%11.0%0.2x
2024-1046.7x₹943 cr8.7%11.0%0.2x
2024-0949.1x₹943 cr8.7%11.0%0.2x
2024-0840.1x₹941 cr10.8%11.0%0.2x
2024-0747.9x₹941 cr10.8%11.0%0.2x
2024-0650.7x₹941 cr10.8%11.0%0.2x
2024-05127.6x₹410 cr3.7%4.0%0.2x
2024-04136.8x₹410 cr3.7%4.0%0.2x
2024-03100.7x₹410 cr3.7%4.0%0.2x
2024-02113.8x₹410 cr3.7%4.0%0.2x
2024-01113.6x₹410 cr3.7%4.0%0.2x
2023-1299.5x₹410 cr3.7%4.0%0.2x
2023-1193.1x₹410 cr3.7%4.0%0.2x
2023-1078.7x₹410 cr3.7%4.0%0.2x
2023-0976.2x₹410 cr3.7%4.0%0.2x
2023-0876.2x₹410 cr3.7%4.0%0.2x
2023-0775.9x₹410 cr3.7%4.0%0.2x
2023-0669.7x₹410 cr3.7%4.0%0.2x
2023-05—₹222 cr-1.0%-1.0%0.2x
2023-04—₹222 cr-1.0%-1.0%0.2x
2023-03—₹222 cr-1.0%-1.0%0.2x
2023-02—₹222 cr-1.0%-1.0%0.2x
2023-01—₹222 cr-1.0%-1.0%0.2x
2022-12—₹222 cr-1.0%-1.0%0.2x
2022-11—₹222 cr-1.0%-1.0%0.2x
2022-10—₹222 cr-1.0%-1.0%0.2x
2022-09—₹222 cr-1.0%-1.0%0.2x
2022-08—₹222 cr-1.0%-1.0%0.2x
2022-07—₹222 cr-1.0%-1.0%0.2x
2022-06—₹222 cr-1.0%-1.0%0.2x
2022-05759.1x₹242 cr0.2%0.0%0.1x
2022-04880.6x₹242 cr0.2%0.0%0.1x
2022-03803.8x₹242 cr0.2%0.0%0.1x
2022-02919.7x₹242 cr0.2%0.0%0.1x
2022-01998.2x₹242 cr0.2%0.0%0.1x
2021-121008.2x₹242 cr0.2%0.0%0.1x
2021-111002.6x₹242 cr0.2%0.0%0.1x
2021-101052.6x₹242 cr0.2%0.0%0.1x
2021-091152.9x₹242 cr0.2%0.0%0.1x
2021-08932.6x₹242 cr0.2%0.0%0.1x
2021-071015.6x₹242 cr0.2%0.0%0.1x
2021-06803.5x₹242 cr0.2%0.0%0.1x
2021-05—₹304 cr-4.0%-1.0%0.2x
2021-04—₹304 cr-4.0%-1.0%0.2x
2021-03—₹304 cr-4.0%-1.0%0.2x
2021-02—₹304 cr-4.0%-1.0%0.2x
2021-01—₹304 cr-4.0%-1.0%0.2x
2020-12—₹304 cr-4.0%-1.0%0.2x
2020-11—₹304 cr-4.0%-1.0%0.2x
2020-10—₹304 cr-4.0%-1.0%0.2x
2020-09—₹304 cr-4.0%-1.0%0.2x
2020-08—₹304 cr-4.0%-1.0%0.2x
2020-07—₹304 cr-4.0%-1.0%0.2x
2020-06—₹304 cr-4.0%-1.0%0.2x
2020-0533.0x₹338 cr1.8%4.0%0.2x
2020-0431.3x₹338 cr1.8%4.0%0.2x
2020-0336.9x₹338 cr1.8%4.0%0.2x
2020-0275.6x₹338 cr1.8%4.0%0.2x
2020-0182.5x₹338 cr1.8%4.0%0.2x
2019-1275.6x₹338 cr1.8%4.0%0.2x
2019-1169.2x₹338 cr1.8%4.0%0.2x
2019-1070.4x₹338 cr1.8%4.0%0.2x
2019-0977.9x₹338 cr1.8%4.0%0.2x
2019-0882.3x₹338 cr1.8%4.0%0.2x
2019-0779.6x₹338 cr1.8%4.0%0.2x
2019-0690.4x₹338 cr1.8%4.0%0.2x
2019-0532.1x₹321 cr5.0%7.0%0.2x
2019-0431.6x₹321 cr5.0%7.0%0.2x
2019-0331.1x₹321 cr5.0%7.0%0.2x
2019-0229.3x₹321 cr5.0%7.0%0.2x
2019-0130.6x₹321 cr5.0%7.0%0.2x

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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