ASHOKA BUILDCON LIMITED (ASHOKA): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹102.94 latest close · −22.0% over the last 90 sessions

₹102.94 month-end · −42.1% over 12 months

₹102.94 month-end · −26.7% over 3 years

₹102.94 month-end · −14.0% since Jan '19

52-week range ₹95.31 to ₹214.50 · 1-year volatility 38.0%

Was the rally earned?

1 year3 years5 years

-42%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 26 points, but investors now pay less per rupee of profit (P/E 2.8x to 1.2x), which took 68 points back.
The share count fell 2%.

Net profit growth+24 ptsNet profit rose about 36%, which lifts the price.

P/E change-68 ptsThe P/E fell from 2.8x to 1.2x, which lowers the price.

Share count change+2 ptsShare count fell 2%, which lifts the price.

-27%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 183 points, but investors now pay less per rupee of profit (P/E 13.5x to 1.2x), which took 210 points back.
The share count barely moved.

Net profit growth+183 ptsNet profit rose about 737%, which lifts the price.

P/E change-210 ptsThe P/E fell from 13.5x to 1.2x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

+7%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 226 points, but investors now pay less per rupee of profit (P/E 9.8x to 1.2x), which took 219 points back.
The share count barely moved.

Net profit growth+228 ptsNet profit rose about 802%, which lifts the price.

P/E change-219 ptsThe P/E fell from 9.8x to 1.2x, which lowers the price.

Share count change-1 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 LARSEN AND TOUBRO

How rough has the ride been?

Maximum drawdown-74.9%recovered 2023-12

1-year volatility38.0%annualised

Beta vs sector index1.113-year daily, correlation 0.59

Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-74.9% (2019-05 peak to 2020-04 low, recovered 2023-12)

-69.3% (2024-12 peak to 2026-10 low, not yet recovered)

-24.4% (2024-02 peak to 2024-03 low, recovered 2024-06)

Most recent volume spikes

2026-10-12: 6.3x the 50-day median, price +4.4% that day

2026-09-01: 15.2x the 50-day median, price +1.2% that day

2026-08-31: 156.2x the 50-day median, price +6.8% 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?

1.2xP/E todayNear its historic low

Against its own history4th percentile

CheapestMedian 8.8xDearest

Usual range 1.4x to 15.2x since 2019-01.

Against Industrial Services1.2x vs 14.0x

This company

1.2x

Sector median

14.0x

92% below the Industrial Services median.

P/EP/BP/S

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

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

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P/S (this company)10th to 90th percentile of its own historyIts medianIndustrial 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 Industrial Services is valued

Where does it rank among Industrial Services peers?

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

ROCE79th▼ 16 pts vs a year ago
Op. margin67th▼ 15 pts vs a year ago
Revenue growth9th▼ 10 pts vs a year ago
EPS growth76th▼ 19 pts vs a year ago
Debt/equity ↓67th▲ 25 pts vs a year ago
Cash cycle ↓85th▲ 4 pts vs a year ago
P/E ↓100thflat vs a year ago
12M momentum22nd▼ 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 Industrial Services sector page Watch it move against Industrial Services in the Observatory

What is the price implying?

~-6%annual earnings growth implied by the price

At a P/E of 2.5x, the price would imply about −6.5%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

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

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

Key figures

Share Priceclose 9 Nov: ₹102.94
P/E: 1.2x
ROCE: 26.0%
Market Cap: ₹2890 cr
Revenue (TTM): ₹7132 cr
P/S: 0.4x
P/B: 0.4x
ROE: 37.4%
Operating Margin: 17.0%
Debt / Equity: 0.2x
Promoter Holding: 54.5%
12M Momentum: -42.1%

52-week range

₹95.31₹214.50

6% of the way from its 52-week low to its high

Price risk

1Y volatility

38.0%

Beta vs sector

1-year daily

1.08

Balance sheet & cash

Interest cover

operating profit ÷ interest

5.4x

Cash from profit, 3Y

operating cash flow ÷ net profit

0.64x

Share count, 1Y

unchanged

Are profits backed by cash?

3 of 7checks within range1 beyond a threshold

Other income reliance77%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 76.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate17%Within range

Median quarterly effective tax rate over about 2.5 years: 16.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.64xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.64x (cash from operations ₹3,077 cr, net profit ₹4,831 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+37 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 37 days (78 vs 41). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress5% of fixed assetsWithin range

Capital work-in-progress is 5% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+74 days / 2 yrsNear threshold

Days payable changed by +74 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, DIIs trimmed 5.9 pts; FIIs added 1.4 pts.
The number of shareholders rose from 1.3 lakh to 2.0 lakh (+50%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters54.5%54.5%0.0 pts

FIIs3.0%4.4%+1.4 pts

DIIs20.0%14.0%-5.9 pts

Public and others22.6%27.1%+4.5 pts

Number of shareholders

2.0 lakhshareholders+50% since Sep '23

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

+8.1%typical 12-month return vs the marketAbove the base rate

We found 50 past situations where a non-financial company looked like ASHOKA BUILDCON 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 −20% to +46% vs the market, against −7% for all non-financial companies in the same months.
The analogs' median sat above that base rate (gap +15.1%, 80% range +7.9% to +20.3%), but the matches cluster in only 5 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median

+8.1%

All companies' median

−7.0%

Beat the market

60% vs 42%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
PRAKASH Non-Energy Minerals	Oct 2022	2x	—	−21%	−39%	+179%
WELCORP Producer Manufacturing	Aug 2021	4x	20%	+11%	−24%	+78%
SATIA Process Industries	Mar 2025	5x	23%	−39%	−53%	−21%
JINDALSAW Non-Energy Minerals	Oct 2025	7x	19%	−45%	−48%	+38%
KUANTUM Process Industries	Dec 2024	7x	20%	−28%	−35%	−28%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
WSTCSTPAPR Producer Manufacturing	Aug 2024	6x	29%	+4%	−22%	−11%
GTPL Communications	May 2023	6x	27%	−35%	−42%	+8%
SHREYANIND Process Industries	Oct 2024	5x	31%	−14%	−28%	−9%

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, volatility and drawdown from 12-month high. 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 ASHOKA BUILDCON 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

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

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.

AGI GREENPACAGI

Process Industries

64%similar

EPS growthmarket cap

EVEREADY INDUSTRIES INDIAEVEREADY

Producer Manufacturing

55%similar

EPS growthmarket cap

CHAMBAL FERTILISERS & CHEMICALCHAMBLFERT

Process Industries

54%similar

ROCEoperating margin

INDIAN METALS & FERRO ALLOYS LIMFA

Non-Energy Minerals

52%similar

promoter holdingdebt/equity

ZENSAR TECHNOLOGIESZENSARTECH

Technology Services

49%similar

revenueROCE

DILIP BUILDCONDBL

Industrial Services

50%similar

P/Erevenue growth

J KUMAR INFRAPROJECTSJKIL

Industrial Services

44%similar

market caprevenue

ENGINEERS INDIAENGINERSIN

Industrial Services

38%similar

ROCEpromoter holding

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

What changed?

30 events since Sep '22

2026
OctPriceFell 69% from the Dec 2024 peak to the Oct 2026 low.
OctPriceVolume reached 6.3x its 50-day median on 2026-10-12; price +4.4% that day.
SepInstitutionsFII + DII holding fell 3.5 pts over 2 quarters to 18.4%.
SepDebtDebt / equity halved over 12 months to 0.24x.
AugPriceVolume reached 156.2x its 50-day median on 2026-08-31; price +6.8% that day.
JunPriceVolume reached 34.8x its 50-day median on 2026-06-15; price +7.7% that day.
MarPeer rankSlipped to the 2nd quartile of Industrial Services on operating margin (from the top quartile).
FebDebtDebt / equity halved over 12 months to 0.51x.

Show 22 earlier events

2026
FebPriceVolume reached 7.4x its 50-day median on 2026-02-27; price -6.3% that day.
2025
DecPriceVolume reached 19.0x its 50-day median on 2025-12-08; price +2.5% that day.
NovValuationP/E fell below the 10th percentile of its own history to date (2.8x).
JulDebtDebt / equity halved over 12 months to 0.51x.
JunInstitutionsFII + DII holding fell 3.3 pts over 2 quarters to 22.4%.
JunDebtDebt / equity fell below 1.0x (0.51x).
2024
OctPriceVolume reached 9.6x its 50-day median on 2024-10-14; price +2.6% that day.
SepPriceVolume reached 12.3x its 50-day median on 2024-09-06; price +1.4% that day.
JunResultsYear-on-year EPS growth turned positive.
JunPeer rankMoved into the top quartile of Industrial Services on EPS growth (from the bottom quartile).
JunPriceVolume reached 11.7x its 50-day median on 2024-06-07; price +11.4% that day.
JanValuationP/E crossed above the 90th percentile of its own history to date (17.5x).
JanPriceVolume reached 10.9x its 50-day median on 2024-01-09; price +12.7% that day.
2023
DecPriceRegained the 2019-05 peak, 44 months after the low.
SepPriceVolume reached 9.9x its 50-day median on 2023-09-26; price +8.6% that day.
JunResultsYear-on-year EPS growth turned negative.
JunPeer rankSlipped to the bottom quartile of Industrial Services on EPS growth (from the top quartile).
JunPriceVolume reached 6.6x its 50-day median on 2023-06-02; price +4.9% that day.
FebValuationP/E fell below the 10th percentile of its own history to date (2.7x).
JanDebtDebt / equity halved over 12 months to 2.63x.
2022
DecPriceVolume reached 6.4x its 50-day median on 2022-12-07; price +4.9% that day.
SepPriceVolume reached 8.3x its 50-day median on 2022-09-07; price +5.7% 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 history95 months · 2019-01 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	1.2x	₹7132 cr	37.4%	26.0%	0.2x
2026-10	1.1x	₹7132 cr	37.6%	26.0%	0.2x
2026-09	1.2x	₹7132 cr	37.6%	26.0%	0.2x
2026-08	1.3x	₹7519 cr	39.2%	26.0%	0.2x
2026-07	1.3x	₹7519 cr	39.2%	26.0%	0.2x
2026-06	1.4x	₹7519 cr	39.2%	26.0%	0.2x
2026-05	1.2x	₹8259 cr	73.6%	40.0%	0.5x
2026-04	1.3x	₹8259 cr	73.6%	40.0%	0.5x
2026-03	1.0x	₹8259 cr	73.6%	40.0%	0.5x
2026-02	2.6x	₹8820 cr	36.6%	40.0%	0.5x
2026-01	3.0x	₹8820 cr	36.6%	40.0%	0.5x
2025-12	3.4x	₹8820 cr	36.6%	40.0%	0.5x
2025-11	2.8x	₹9458 cr	46.1%	40.0%	0.5x
2025-10	3.3x	₹9458 cr	46.1%	40.0%	0.5x
2025-09	2.9x	₹9458 cr	46.1%	40.0%	0.5x
2025-08	2.9x	₹10036 cr	44.3%	40.0%	0.5x
2025-07	3.3x	₹10036 cr	44.3%	40.0%	0.5x
2025-06	3.5x	₹10036 cr	44.3%	40.0%	0.5x
2025-05	4.1x	₹10394 cr	69.2%	27.0%	2.5x
2025-04	3.4x	₹10394 cr	69.2%	27.0%	2.5x
2025-03	3.6x	₹10394 cr	69.2%	27.0%	2.5x
2025-02	5.1x	₹10663 cr	43.8%	27.0%	2.5x
2025-01	7.6x	₹10663 cr	43.8%	27.0%	2.5x
2024-12	9.2x	₹10663 cr	43.8%	27.0%	2.5x
2024-11	11.5x	₹10328 cr	28.4%	27.0%	2.5x
2024-10	11.1x	₹10328 cr	28.4%	27.0%	2.5x
2024-09	10.5x	₹10328 cr	28.4%	27.0%	2.5x
2024-08	12.5x	₹9798 cr	24.5%	27.0%	2.5x
2024-07	13.6x	₹9798 cr	24.5%	27.0%	2.5x
2024-06	12.0x	₹9798 cr	24.5%	27.0%	2.5x
2024-05	17.6x	₹8100 cr	17.6%	28.0%	3.3x
2024-04	16.8x	₹8100 cr	17.6%	28.0%	3.3x
2024-03	15.0x	₹8100 cr	17.6%	28.0%	3.3x
2024-02	17.9x	₹8100 cr	17.6%	28.0%	3.3x
2024-01	17.5x	₹8100 cr	17.6%	28.0%	3.3x
2023-12	13.4x	₹8100 cr	17.6%	28.0%	3.3x
2023-11	13.5x	₹8100 cr	17.6%	28.0%	3.3x
2023-10	12.5x	₹8100 cr	17.6%	28.0%	3.3x
2023-09	11.7x	₹8100 cr	17.6%	28.0%	3.3x
2023-08	9.7x	₹8100 cr	17.6%	28.0%	3.3x
2023-07	9.6x	₹8100 cr	17.6%	28.0%	3.3x
2023-06	7.7x	₹8100 cr	17.6%	28.0%	3.3x
2023-05	2.7x	₹5999 cr	55.9%	25.0%	2.6x
2023-04	3.2x	₹5999 cr	55.9%	25.0%	2.6x
2023-03	2.7x	₹5999 cr	55.9%	25.0%	2.6x
2023-02	2.7x	₹5999 cr	55.9%	25.0%	2.6x
2023-01	3.0x	₹5999 cr	55.9%	25.0%	2.6x
2022-12	3.2x	₹5999 cr	55.9%	25.0%	2.6x
2022-11	2.9x	₹5999 cr	55.9%	25.0%	2.6x
2022-10	2.7x	₹5999 cr	55.9%	25.0%	2.6x
2022-09	2.8x	₹5999 cr	55.9%	25.0%	2.6x
2022-08	2.9x	₹5999 cr	55.9%	25.0%	2.6x
2022-07	2.7x	₹5999 cr	55.9%	25.0%	2.6x
2022-06	2.6x	₹5999 cr	55.9%	25.0%	2.6x
2022-05	8.3x	₹4992 cr	44.1%	20.0%	10.9x
2022-04	8.8x	₹4992 cr	44.1%	20.0%	10.9x
2022-03	8.7x	₹4992 cr	44.1%	20.0%	10.9x
2022-02	9.5x	₹4992 cr	44.1%	20.0%	10.9x
2022-01	10.0x	₹4992 cr	44.1%	20.0%	10.9x
2021-12	10.2x	₹4992 cr	44.1%	20.0%	10.9x
2021-11	9.8x	₹4992 cr	44.1%	20.0%	10.9x
2021-10	10.6x	₹4992 cr	44.1%	20.0%	10.9x
2021-09	10.0x	₹4992 cr	44.1%	20.0%	10.9x
2021-08	10.2x	₹4992 cr	44.1%	20.0%	10.9x
2021-07	10.9x	₹4992 cr	44.1%	20.0%	10.9x
2021-06	11.2x	₹4992 cr	44.1%	20.0%	10.9x
2021-05	16.0x	₹5070 cr	38.6%	20.0%	15.1x
2021-04	14.0x	₹5070 cr	38.6%	20.0%	15.1x
2021-03	17.3x	₹5070 cr	38.6%	20.0%	15.1x
2021-02	19.2x	₹5070 cr	38.6%	20.0%	15.1x
2021-01	14.8x	₹5070 cr	38.6%	20.0%	15.1x
2020-12	15.7x	₹5070 cr	38.6%	20.0%	15.1x
2020-11	13.2x	₹5070 cr	38.6%	20.0%	15.1x
2020-10	10.3x	₹5070 cr	38.6%	20.0%	15.1x
2020-09	10.9x	₹5070 cr	38.6%	20.0%	15.1x
2020-08	11.6x	₹5070 cr	38.6%	20.0%	15.1x
2020-07	8.6x	₹5070 cr	38.6%	20.0%	15.1x
2020-06	10.5x	₹5070 cr	38.6%	20.0%	15.1x
2020-05	—	₹4930 cr	-13.9%	20.0%	21.1x
2020-04	—	₹4930 cr	-13.9%	20.0%	21.1x
2020-03	—	₹4930 cr	-13.9%	20.0%	21.1x
2020-02	—	₹4930 cr	-13.9%	20.0%	21.1x
2020-01	—	₹4930 cr	-13.9%	20.0%	21.1x
2019-12	—	₹4930 cr	-13.9%	20.0%	21.1x
2019-11	—	₹4930 cr	-13.9%	20.0%	21.1x
2019-10	—	₹4930 cr	-13.9%	20.0%	21.1x
2019-09	—	₹4930 cr	-13.9%	20.0%	21.1x
2019-08	—	₹4930 cr	-13.9%	20.0%	21.1x
2019-07	—	₹4930 cr	-13.9%	20.0%	21.1x
2019-06	—	₹4930 cr	-13.9%	20.0%	21.1x
2019-05	—	₹3601 cr	-37.7%	18.0%	16.1x
2019-04	—	₹3601 cr	-37.7%	18.0%	16.1x
2019-03	—	₹3601 cr	-37.7%	18.0%	16.1x
2019-02	—	₹3601 cr	-37.7%	18.0%	16.1x
2019-01	—	₹3601 cr	-37.7%	18.0%	16.1x

Methodology and data notes