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BANDHAN BANK LIMITED (BANDHANBNK)

Finance · Major Banks · 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.16 / 100
Profitability 22Growth 10
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.57 / 100
Price 60Earnings 13FII/DII 97
Compare withHDFC BANKKOTAK MAHINDRA BANKAXIS BANK

Share price

Closing priceAdjusted for splits and bonus issues.

₹168.6 latest close · −16.0% over the last 90 sessions

₹160₹180₹200₹220Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹160₹180₹200₹220Jul 3Sep 4Nov 9

₹168.6 month-end · +12.1% over 12 months

₹150₹175₹200Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹150₹175₹200Nov '25May '26Nov '26

₹168.6 month-end · −25.4% over 3 years

₹150₹200₹250Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹150₹200₹250Nov '23May '25Nov '26

₹168.6 month-end · −58.3% since Jan '19

₹200₹400₹600Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹200₹400₹600Jan '19Dec '22Nov '26

52-week range ₹134.25 to ₹220.76 · 1-year volatility 43.2%

Was the rally earned?

+12%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 11.8x to 20.1x); per-share earnings took off 44 points.
  • The share count barely moved.
Net profit growth: −44 pts. Points of the price return explained by net profit growing (or shrinking).−44 ptsNet profit growthP/E change: +56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+56 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: +12%+12%Share priceNet profit growth: −44 pts. Points of the price return explained by net profit growing (or shrinking).−44ProfitP/E change: +56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+56P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +12%+12%Share price
Net profit growth-44 ptsNet profit fell about 34%, which lowers the price.
P/E change+56 ptsThe P/E rose from 11.8x to 20.1x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-25%share price, 3 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 42 points, while the multiple moved less (P/E 16.6x to 20.1x).
  • The share count barely moved.
Net profit growth: −42 pts. Points of the price return explained by net profit growing (or shrinking).−42 ptsNet profit growthP/E change: +17 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+17 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: −25%−25%Share priceNet profit growth: −42 pts. Points of the price return explained by net profit growing (or shrinking).−42ProfitP/E change: +17 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+17P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −25%−25%Share price
Net profit growth-42 ptsNet profit fell about 38%, which lowers the price.
P/E change+17 ptsThe P/E rose from 16.6x to 20.1x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-38%share price, 5 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 39 points, while the multiple moved less (P/E 19.9x to 20.1x).
  • The share count barely moved.
Net profit growth: −39 pts. Points of the price return explained by net profit growing (or shrinking).−39 ptsNet profit growthP/E change: +1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+1 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: −38%−38%Share priceNet profit growth: −39 pts. Points of the price return explained by net profit growing (or shrinking).−39ProfitP/E change: +1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+1P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −38%−38%Share price
Net profit growth-39 ptsNet profit fell about 38%, which lowers the price.
P/E change+1 ptsThe P/E rose from 19.9x to 20.1x, which lifts 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 HDFC BANK

How rough has the ride been?

Maximum drawdown-79.1%not yet recovered
1-year volatility43.2%annualised
Beta vs sector index1.253-year daily, correlation 0.58
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−78.3% 0%−25%−50%−75%2020202220242026−78.3%
Largest drawdowns

-79.1% (2019-05 peak to 2025-02 low, not yet recovered)

-27.5% (2019-01 peak to 2019-02 low, recovered 2019-04)

Most recent volume spikes

2026-10-13: 6.3x the 50-day median, price +9.2% that day

2026-09-23: 5.6x the 50-day median, price +3.6% that day

2026-07-22: 17.5x the 50-day median, price -16.9% 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?

1.1xP/B todayNear its historic low
Against its own history12th percentile
CheapestMedian 2.2xDearest

Usual range 1.1x to 5.1x since 2019-01.

Against Finance1.1x vs 1.5x
This company
1.1x
Sector median
1.5x

30% below the Finance median.

0.6x2.9x5.3x7.6xJan '19Aug '20Mar '22Oct '23May '25Nov '260.6x2.9x5.3x7.6xJan '19Sep '21May '24Nov '26
P/B (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

P/E (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/B 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 (banks and 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

  • ROE (approx.)22nd▼ 30 pts vs a year ago
  • EPS growth9th▼ 17 pts vs a year ago
  • P/B ↓60th▼ 15 pts vs a year ago
  • 12M momentum77th▲ 44 pts vs a year ago
  • FII + DII85th▲ 6 pts vs a year ago

Rank history

ROE (approx.)
EPS growth
P/B ↓
12M momentum
FII + DII
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?

~12%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 15.9x, a holder earning 12%/yr needs earnings to grow about 11.9%/yr for 10 years, then trade at 15x.

Delivered0.3%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+11.6 ptsimplied minus delivered
Rank4thmost demanding of 63 financials

Over time

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

0%27%54% Jan 2019Nov 2026 0%27%54% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x13.3%14.3%15.3%
15x10.9%11.9%12.9%
20x7.9%8.8%9.8%

Drag a slider to test other assumptions

Implied: 11.9%/yr

Looking back

  • Jan 2020Price implied 28%/yr; EPS has since grown −10%/yr (7.0 yrs)
  • Jan 2021Price implied 21%/yr; EPS has since grown −14%/yr (6.0 yrs)
  • Jan 2022Price implied 18%/yr; EPS has since grown −11%/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
₹168.60
P/E
20.1x
Market Cap
₹27222 cr
Revenue (TTM)
₹21844 cr
P/S
1.2x
P/B
1.1x
ROE
5.0%
Debt / Equity
0.6x
Promoter Holding
37.5%
12M Momentum
12.1%

52-week range

₹134.25₹220.76
40% of the way from its 52-week low to its high

Price risk

1Y volatility
43.2%
Beta vs sector
1-year daily
1.32

Balance sheet & cash

Share count, 1Y
unchanged

Are profits backed by cash?

1 of 1checks within rangeAll clear
Tax rate29%Within range

Median quarterly effective tax rate over about 2.5 years: 29.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Tap a check to see how it is measured

Cash conversion and receivable days are not meaningful for banks and NBFCs, so only the other-income and tax-rate checks are shown.

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, FIIs trimmed 14.1 pts; DIIs added 10.0 pts; promoters trimmed 2.4 pts.
  • The number of shareholders rose from 5.3 lakh to 6.6 lakh (+25%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters40.0%37.5%-2.4 pts
FIIs32.8%18.6%-14.1 pts
DIIs17.4%27.5%+10.0 pts
Public and others9.7%16.3%+6.5 pts

Number of shareholders

6.6 lakhshareholders+25% since Sep '23
5.3L6.4L7.5L8.6L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 5.3 lakh
Dec '23: 5.5 lakh
Mar '24: 7.2 lakh
Jun '24: 7.6 lakh
Sep '24: 7.5 lakh
Dec '24: 8.6 lakh
Mar '25: 8.6 lakh
Jun '25: 7.9 lakh
Sep '25: 7.7 lakh
Dec '25: 7.7 lakh
Mar '26: 7.1 lakh
Jun '26: 6.6 lakh
 5.3L6.4L7.5L8.6L Sep '23Sep '24Sep '25Jun '26
Sep '23: 5.3 lakh
Dec '23: 5.5 lakh
Mar '24: 7.2 lakh
Jun '24: 7.6 lakh
Sep '24: 7.5 lakh
Dec '24: 8.6 lakh
Mar '25: 8.6 lakh
Jun '25: 7.9 lakh
Sep '25: 7.7 lakh
Dec '25: 7.7 lakh
Mar '26: 7.1 lakh
Jun '26: 6.6 lakh

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

+1.2%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a bank, NBFC or insurer looked like BANDHAN BANK LIMITED today on valuation, return on capital, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −29% to +39% vs the market, against −1% for all financial companies in the same months.
  • The gap against the base rate (+1.9%, 80% range −2.8% to +14.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
CPCAP · Jun 2024: −60.0% vs market
RBLBANK · Dec 2023: −51.9% vs market
PSB · May 2024: −50.1% vs market
CANBK · Jan 2020: −47.8% vs market
SAMMAANCAP · Nov 2021: −43.2% vs market
BANKINDIA · Jun 2021: −43.1% vs market
EQUITASBNK · Jan 2024: −40.7% vs market
CENTRALBK · Aug 2024: −38.7% vs market
UCOBANK · Dec 2024: −36.4% vs market
MAHABANK · Mar 2021: −35.0% vs market
PFS · Jun 2021: −33.0% vs market
DHANBANK · Mar 2025: −32.2% vs market
AAVAS · May 2025: −28.7% vs market
IRFC · Mar 2025: −27.9% vs market
KARURVYSYA · May 2021: −27.3% vs market
SURYODAY · Aug 2023: −25.9% vs market
DCBBANK · Dec 2022: −17.4% vs market
STARTECK · May 2025: −10.7% vs market
YESBANK · Feb 2023: −6.2% vs market
PNBHOUSING · Sep 2024: −4.8% vs market
LICHSGFIN · Aug 2022: −3.5% vs market
NORTHARC · Oct 2025: −1.8% vs market
INDUSINDBK · Jul 2021: −1.1% vs market
IFCI · Oct 2025: −0.3% vs market
AXISBANK · Apr 2020: +0.6% vs market
INDIANB · Aug 2023: +1.7% vs market
SPANDANA · Mar 2023: +6.2% vs market
FEDERALBNK · May 2020: +11.6% vs market
M&MFIN · Nov 2022: +12.3% vs market
MANAPPURAM · Oct 2025: +13.3% vs market
IDFCFIRSTB · Dec 2021: +17.3% vs market
UNIONBANK · Dec 2022: +18.4% vs market
INDOSTAR · Apr 2024: +21.8% vs market
IDBI · Apr 2022: +22.3% vs market
CREDITACC · Jun 2025: +22.9% vs market
IOB · Aug 2023: +34.8% vs market
ARMANFIN · Aug 2025: +35.4% vs market
IIFL · Aug 2025: +40.4% vs market
SOUTHBANK · Feb 2023: +40.6% vs market
UJJIVANSFB · Sep 2025: +44.8% vs market
LTF · Oct 2022: +49.4% vs market
PNB · Oct 2022: +55.9% vs market
CUB · Feb 2025: +62.2% vs market
SATIN · Jun 2022: +62.7% vs market
J&KBANK · Dec 2022: +70.8% vs market
PAISALO · Nov 2020: +78.7% vs market
TFCILTD · Mar 2025: +92.5% vs market
HUDCO · Nov 2023: +115.2% vs market
BANKBARODA · Dec 2021: +131.1% vs market
POONAWALLA · Nov 2020: +174.6% vs market
Similar setups +1.2%All companies −0.7%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 3 beyond the range shown, drawn at the edge

Similar setups' median
+1.2%
All companies' median
−0.7%
Beat the market
52% vs 49%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EP/B12M mom.DrawdownNext 12 months
CENTRALBK
Finance		 Aug 2024 20x1.6x +75%−18% −39%
M&MFIN
Finance		 Nov 2022 24x1.6x +40%−7% +12%
IDBI
Finance		 Apr 2022 32x1.3x +29%−28% +22%
YESBANK
Finance		 Feb 2023 42x1.3x +32%−27% −6%
LTF
Finance		 Oct 2022 19x1.0x −1%−9% +49%
Show the other 3 matches
CompanyWhenP/EP/B12M mom.DrawdownNext 12 months
PNBHOUSING
Finance		 Sep 2024 16x1.7x +42%−14% −5%
MAHABANK
Finance		 Mar 2021 31x1.1x +134%−19% −35%
BANKBARODA
Finance		 Dec 2021 23x0.5x +38%−25% +131%
How reliable is this?

Matched on P/E, P/B, ROE, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and ROE. 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 BANDHAN BANK 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.

MANAPPURAM FINANCEMANAPPURAM
Finance
64%similar
promoter holdingmarket cap
SAMMAAN CAPITALSAMMAANCAP
Finance
64%similar
promoter holdingmarket cap
UJJIVAN SMALL FINANCE BANKUJJIVANSFB
Finance
61%similar
EPS growthvolatility

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

What changed?

30 events since Jun '23

  1. OctPriceVolume reached 6.3x its 50-day median on 2026-10-13; price +9.2% that day.
  2. JulValuationP/B fell below the 10th percentile of its own history to date (1.1x).
  3. JulPriceVolume reached 17.5x its 50-day median on 2026-07-22; price -16.9% that day.
  4. JunInstitutionsFII + DII holding rose 3.3 pts over 1 quarter to 44.4%.
  5. JunPeer rankSlipped to the bottom quartile of Finance on ROE (from the 2nd quartile).
  6. AprPriceVolume reached 14.5x its 50-day median on 2026-04-29; price +11.0% that day.
  7. MarValuationP/B fell below the 10th percentile of its own history to date (0.9x).
  8. JanPriceVolume reached 12.3x its 50-day median on 2026-01-23; price +4.8% that day.
Show 22 earlier events
  1. DecPeer rankSlipped to the bottom quartile of Finance on EPS growth (from the 3rd quartile).
  2. OctPriceVolume reached 10.4x its 50-day median on 2025-10-31; price -8.2% that day.
  3. SepResultsYear-on-year EPS growth turned negative.
  4. SepPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
  5. JunPeer rankMoved into the 2nd quartile of Finance on ROE (from the 3rd quartile).
  6. JunPriceVolume reached 5.9x its 50-day median on 2025-06-09; price +7.3% that day.
  7. MarInstitutionsFII + DII holding fell 4.7 pts over 2 quarters to 38.6%.
  8. FebPriceFell 79% from the May 2019 peak to the Feb 2025 low.
  9. FebPriceVolume reached 6.6x its 50-day median on 2025-02-27; price +1.1% that day.
  10. OctPriceVolume reached 10.4x its 50-day median on 2024-10-11; price +12.0% that day.
  11. SepPeer rankMoved into the 3rd quartile of Finance on EPS growth (from the bottom quartile).
  12. JulPriceVolume reached 11.6x its 50-day median on 2024-07-29; price +13.7% that day.
  13. JunResultsRevenue (TTM) reached a new high of ₹18,870 cr.
  14. JunInstitutionsFII + DII holding fell 6.6 pts over 2 quarters to 43.6%.
  15. JunPeer rankSlipped to the bottom quartile of Finance on EPS growth (from the top quartile).
  16. JunDebtDebt / equity fell below 1.0x (0.76x).
  17. AprPriceVolume reached 5.9x its 50-day median on 2024-04-08; price -6.3% that day.
  18. JanPriceVolume reached 7.1x its 50-day median on 2024-01-08; price -7.4% that day.
  19. JulPriceVolume reached 6.6x its 50-day median on 2023-07-05; price -2.7% that day.
  20. JunResultsYear-on-year EPS growth turned positive.
  21. JunValuationP/B fell below the 10th percentile of its own history to date (2.0x).
  22. JunPeer rankMoved into the 3rd quartile of Finance on ROE (from the bottom 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
MonthP/ERevenue (TTM)ROEDebt / Equity
2026-1120.1x₹21844 cr5.0%0.6x
2026-1018.4x₹21844 cr5.0%0.6x
2026-0921.2x₹21844 cr5.0%0.6x
2026-0821.5x₹21689 cr5.0%0.6x
2026-0722.9x₹21689 cr5.0%0.6x
2026-0626.9x₹21689 cr5.0%0.6x
2026-0533.3x₹21695 cr12.0%0.5x
2026-0432.0x₹21695 cr12.0%0.5x
2026-0322.6x₹21695 cr12.0%0.5x
2026-0223.9x₹21743 cr12.0%0.5x
2026-0120.3x₹21743 cr12.0%0.5x
2025-1219.1x₹21743 cr12.0%0.5x
2025-1111.8x₹21889 cr12.0%0.5x
2025-1012.3x₹21889 cr12.0%0.5x
2025-0912.7x₹21889 cr12.0%0.5x
2025-089.5x₹21949 cr12.0%0.5x
2025-079.9x₹21949 cr12.0%0.5x
2025-0611.1x₹21949 cr12.0%0.5x
2025-0511.0x₹21704 cr11.0%0.8x
2025-0410.7x₹21704 cr11.0%0.8x
2025-039.5x₹21704 cr11.0%0.8x
2025-028.2x₹20890 cr11.0%0.8x
2025-018.7x₹20890 cr11.0%0.8x
2024-129.2x₹20890 cr11.0%0.8x
2024-1110.6x₹19882 cr11.0%0.8x
2024-1011.4x₹19882 cr11.0%0.8x
2024-0912.4x₹19882 cr11.0%0.8x
2024-0814.5x₹18870 cr11.0%0.8x
2024-0715.8x₹18870 cr11.0%0.8x
2024-0614.7x₹18870 cr11.0%0.8x
2024-0513.8x₹15905 cr12.0%1.3x
2024-0413.8x₹15905 cr12.0%1.3x
2024-0313.2x₹15905 cr12.0%1.3x
2024-0214.4x₹15905 cr12.0%1.3x
2024-0116.8x₹15905 cr12.0%1.3x
2023-1217.7x₹15905 cr12.0%1.3x
2023-1116.6x₹15905 cr12.0%1.3x
2023-1015.7x₹15905 cr12.0%1.3x
2023-0918.5x₹15905 cr12.0%1.3x
2023-0816.9x₹15905 cr12.0%1.3x
2023-0716.4x₹15905 cr12.0%1.3x
2023-0617.8x₹15905 cr12.0%1.3x
2023-05343.6x₹13871 cr1.0%1.1x
2023-04294.0x₹13871 cr1.0%1.1x
2023-03251.0x₹13871 cr1.0%1.1x
2023-02296.0x₹13871 cr1.0%1.1x
2023-01313.1x₹13871 cr1.0%1.1x
2022-12300.3x₹13871 cr1.0%1.1x
2022-11305.6x₹13871 cr1.0%1.1x
2022-10305.8x₹13871 cr1.0%1.1x
2022-09341.8x₹13871 cr1.0%1.1x
2022-08357.1x₹13871 cr1.0%1.1x
2022-07354.1x₹13871 cr1.0%1.1x
2022-06337.8x₹13871 cr1.0%1.1x
2022-0523.8x₹12524 cr14.0%1.0x
2022-0424.4x₹12524 cr14.0%1.0x
2022-0322.5x₹12524 cr14.0%1.0x
2022-0222.4x₹12524 cr14.0%1.0x
2022-0123.0x₹12524 cr14.0%1.0x
2021-1218.5x₹12524 cr14.0%1.0x
2021-1119.9x₹12524 cr14.0%1.0x
2021-1021.3x₹12524 cr14.0%1.0x
2021-0920.7x₹12524 cr14.0%1.0x
2021-0820.8x₹12524 cr14.0%1.0x
2021-0721.3x₹12524 cr14.0%1.0x
2021-0624.1x₹12524 cr14.0%1.0x
2021-0516.4x₹10885 cr23.0%1.1x
2021-0417.6x₹10885 cr23.0%1.1x
2021-0318.0x₹10885 cr23.0%1.1x
2021-0218.4x₹10885 cr23.0%1.1x
2021-0116.5x₹10885 cr23.0%1.1x
2020-1221.4x₹10885 cr23.0%1.1x
2020-1119.5x₹10885 cr23.0%1.1x
2020-1015.4x₹10885 cr23.0%1.1x
2020-0914.5x₹10885 cr23.0%1.1x
2020-0816.3x₹10885 cr23.0%1.1x
2020-0718.4x₹10885 cr23.0%1.1x
2020-0617.0x₹10885 cr23.0%1.1x
2020-0513.3x₹6643 cr19.0%0.0x
2020-0416.0x₹6643 cr19.0%0.0x
2020-0312.5x₹6643 cr19.0%0.0x
2020-0223.4x₹6643 cr19.0%0.0x
2020-0127.5x₹6643 cr19.0%0.0x
2019-1231.1x₹6643 cr19.0%0.0x
2019-1135.5x₹6643 cr19.0%0.0x
2019-1037.4x₹6643 cr19.0%0.0x
2019-0930.1x₹6643 cr19.0%0.0x
2019-0828.7x₹6643 cr19.0%0.0x
2019-0729.4x₹6643 cr19.0%0.0x
2019-0632.9x₹6643 cr19.0%0.0x
2019-0552.5x₹4802 cr19.0%0.0x
2019-0453.1x₹4802 cr19.0%0.0x
2019-0346.7x₹4802 cr19.0%0.0x
2019-0242.6x₹4802 cr19.0%0.0x
2019-0135.8x₹4802 cr19.0%0.0x

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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