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BF INVESTMENT LIMITED (BFINVEST)

Finance · Financial Conglomerates · 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.76 / 100
Profitability 64Growth 63Balance sheet 100
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.54 / 100
Price 27Earnings 79FII/DII 57

Passes these screensValue PickLittle growth priced in

Compare withJIO FINANCIAL SERVICESBAJAJ HOLDINGS & INVESTMENT LIMAHARASHTRA SCOOTERS

Share price

Closing priceAdjusted for splits and bonus issues.

₹411.5 latest close · −8.7% over the last 90 sessions

₹400₹450₹500₹550Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹400₹450₹500₹550Jul 3Sep 4Nov 9

₹411.5 month-end · −5.3% over 12 months

₹300₹350₹400₹450Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹300₹350₹400₹450Nov '25May '26Nov '26

₹411.5 month-end · −18.2% over 3 years

₹400₹600Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹400₹600Nov '23May '25Nov '26

₹411.5 month-end · +91.4% since Jan '19

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

52-week range ₹308.15 to ₹584.70 · 1-year volatility 36.8%

Was the rally earned?

-5%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 156 points, but investors now pay less per rupee of profit (P/E 20.9x to 4.0x), which took 162 points back.
  • The share count barely moved.
Net profit growth: +157 pts. Points of the price return explained by net profit growing (or shrinking).+157 ptsNet profit growthP/E change: −162 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−162 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: +157 pts. Points of the price return explained by net profit growing (or shrinking).+157ProfitP/E change: −162 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−162P/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+157 ptsNet profit rose about 400%, which lifts the price.
P/E change-162 ptsThe P/E fell from 20.9x to 4.0x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-18%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 37 points, but investors now pay less per rupee of profit (P/E 7.3x to 4.0x), which took 55 points back.
  • The share count barely moved.
Net profit growth: +37 pts. Points of the price return explained by net profit growing (or shrinking).+37 ptsNet profit growthP/E change: −55 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−55 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: −18%−18%Share priceNet profit growth: +37 pts. Points of the price return explained by net profit growing (or shrinking).+37ProfitP/E change: −55 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−55P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −18%−18%Share price
Net profit growth+37 ptsNet profit rose about 51%, which lifts the price.
P/E change-55 ptsThe P/E fell from 7.3x to 4.0x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+35%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 44 points, but investors now pay less per rupee of profit (P/E 4.3x to 4.0x), which took 9 points back.
  • 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: −9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−9 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: +35%+35%Share priceNet profit growth: +44 pts. Points of the price return explained by net profit growing (or shrinking).+44ProfitP/E change: −9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−9P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +35%+35%Share price
Net profit growth+44 ptsNet profit rose about 46%, which lifts the price.
P/E change-9 ptsThe P/E fell from 4.3x to 4.0x, 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 JIO FINANCIAL SERVICES

How rough has the ride been?

Maximum drawdown-58.7%not yet recovered
1-year volatility36.8%annualised
Beta vs sector index1.233-year daily, correlation 0.55
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−55.5% 0%−20%−40%2020202220242026−55.5%
Largest drawdowns

-58.7% (2024-10 peak to 2026-03 low, not yet recovered)

-54.2% (2019-11 peak to 2020-03 low, recovered 2020-07)

-42.7% (2021-07 peak to 2022-06 low, recovered 2023-01)

Most recent volume spikes

2026-09-03: 5.6x the 50-day median, price +3.6% that day

2026-08-14: 5.8x the 50-day median, price -0.1% that day

2026-07-15: 6.6x the 50-day median, price -2.4% 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?

4.0xP/E todayNear its historic low
Against its own history11th percentile
CheapestMedian 6.8xDearest

Usual range 4.0x to 9.3x since 2019-01.

Against Finance4.0x vs 18.1x
This company
4.0x
Sector median
18.1x

78% below the Finance median.

3.0x10.6x18.3x26.0xJan '19Aug '20Mar '22Oct '23May '25Nov '263.0x10.6x18.3x26.0xJan '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

  • ROCE34thflat vs a year ago
  • Op. margin94th▲ 4 pts vs a year ago
  • Revenue growth62nd▼ 21 pts vs a year ago
  • EPS growth96th▲ 86 pts vs a year ago
  • Debt/equity ↓90thflat vs a year ago
  • Cash cycle ↓89thflat vs a year ago
  • P/E ↓97th▲ 38 pts vs a year ago
  • 12M momentum61st▲ 48 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?

~1%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 5.5x, a holder earning 12%/yr needs earnings to grow about 1.4%/yr for 10 years, then trade at 15x.

Delivered12.1%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−10.7 ptsimplied minus delivered
Rank709thmost demanding of 856

Over time

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

-1%6%13% Jan 2019Nov 2026 -1%6%13% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x2.8%3.7%4.6%
15x0.5%1.4%2.3%
20x−2.4%−1.5%−0.6%

Drag a slider to test other assumptions

Implied: 1.4%/yr

Looking back

  • Jan 2020Price implied 6%/yr; EPS has since grown 12%/yr (7.0 yrs)
  • Jan 2021Price implied 4%/yr; EPS has since grown 12%/yr (6.0 yrs)
  • Jan 2022Price implied 4%/yr; EPS has since grown 1%/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
₹411.50
P/E
4.0x
ROCE
5.0%
Market Cap
₹1552 cr
Revenue (TTM)
₹77 cr
P/S
20.2x
P/B
0.2x
ROE
4.6%
Operating Margin
90.0%
Debt / Equity
0.0x
Promoter Holding
74.1%
12M Momentum
-5.3%

52-week range

₹308.15₹584.70
37% of the way from its 52-week low to its high

Price risk

1Y volatility
36.8%
Beta vs sector
1-year daily
1.26

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
0.07x
low
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 6checks within range2 beyond a threshold
Other income reliance87%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 87.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.07xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.07x (cash from operations ₹63 cr, net profit ₹938 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (0 vs 0). 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 trimmed 0.8 pts.
  • The number of shareholders rose from 21,114 to 27,271 (+29%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters74.1%74.1%0.0 pts
FIIs1.5%0.7%-0.8 pts
DIIs0.4%0.1%-0.3 pts
Public and others23.9%25.0%+1.1 pts

Number of shareholders

27,271shareholders+29% since Dec '23
21k24k27k30k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 21,114
Mar '24: 22,911
Jun '24: 22,589
Sep '24: 24,213
Dec '24: 27,840
Mar '25: 28,899
Jun '25: 29,788
Sep '25: 29,342
Dec '25: 28,308
Mar '26: 27,575
Jun '26: 27,271
 21k24k27k30k Dec '23Dec '24Dec '25Jun '26
Dec '23: 21,114
Mar '24: 22,911
Jun '24: 22,589
Sep '24: 24,213
Dec '24: 27,840
Mar '25: 28,899
Jun '25: 29,788
Sep '25: 29,342
Dec '25: 28,308
Mar '26: 27,575
Jun '26: 27,271

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

+7.1%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 44 past situations where a non-financial company looked like BF INVESTMENT 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 −9% to +27% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (+9.5%, 80% range −0.6% to +11.1%) is within what chance and overlapping periods produce.

Where the 44 outcomes landed

−100%−50%0%+50%+100%
TRACXN · Apr 2024: −47.0% vs market
RAMCOIND · Jul 2021: −46.6% vs market
AMJLAND · Jul 2025: −38.0% vs market
ANTELOPUS · Jan 2020: −25.3% vs market
DVL · Sep 2025: −22.9% vs market
IMAGICAA · Jul 2024: −18.8% vs market
ALEMBICLTD · Jul 2024: −16.3% vs market
TREJHARA · Oct 2024: −14.1% vs market
TTKHLTCARE · Jul 2023: −12.3% vs market
JINDRILL · Feb 2020: −12.1% vs market
JUSTDIAL · Jun 2024: −11.5% vs market
HEXATRADEX · Jun 2024: −8.5% vs market
AHLEAST · Nov 2023: −7.6% vs market
TREL · Sep 2025: −6.7% vs market
MODIRUBBER · Feb 2023: −5.9% vs market
PRIMESECU · Dec 2024: −5.1% vs market
IVC · Nov 2023: −4.3% vs market
GEECEE · Aug 2025: −2.7% vs market
MAHAPEXLTD · Mar 2022: −1.5% vs market
UNIENTER · Nov 2022: −0.8% vs market
WONDERLA · May 2021: +6.2% vs market
XCHANGING · Jun 2020: +6.7% vs market
SANDESH · Jan 2024: +7.5% vs market
NAUKRI · Apr 2023: +8.5% vs market
OSWALGREEN · Oct 2020: +9.6% vs market
VLSFINANCE · Jan 2023: +9.7% vs market
JSWHL · Aug 2023: +10.8% vs market
GANGESSECU · Oct 2023: +10.8% vs market
RAJTV · Jun 2020: +13.3% vs market
HLVLTD · Jun 2020: +15.4% vs market
NSIL · Feb 2020: +17.1% vs market
SILINV · Jun 2020: +21.6% vs market
SUMMITSEC · Jul 2020: +26.4% vs market
3PLAND · Jul 2020: +28.5% vs market
KSCL · Aug 2023: +30.5% vs market
STEL · May 2021: +32.2% vs market
BAJAJHLDNG · Apr 2022: +34.3% vs market
NESCO · Sep 2024: +51.2% vs market
DEEPINDS · Apr 2024: +54.4% vs market
PILANIINVS · Nov 2023: +76.6% vs market
JINDALPHOT · Feb 2025: +93.5% vs market
IITL · Sep 2023: +99.8% vs market
OSWALAGRO · Mar 2021: +115.0% vs market
KICL · Jul 2023: +115.6% vs market
Similar setups +7.1%All companies −2.4%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
+7.1%
All companies' median
−2.4%
Beat the market
55% vs 47%

44 past situations · 44 companies · 30 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ALEMBICLTD
Health Technology		 Jul 2024 13x5% +72%−9% −16%
NSIL
Finance		 Feb 2020 5x10% −30%−38% +17%
MODIRUBBER
Consumer Durables		 Feb 2023 7x5% +2%−20% −6%
SILINV
Finance		 Jun 2020 4x4% −22%−23% +22%
KICL
Finance		 Jul 2023 15x1% +28%−14% +116%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JINDALPHOT
Finance		 Feb 2025 2x12% −13%−43% +94%
PILANIINVS
Finance		 Nov 2023 12x2% +38%−5% +77%
OSWALGREEN
Finance		 Oct 2020 7x3% +10%−25% +10%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and ROCE. Not used (unavailable for this company): 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 BF INVESTMENT 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.

ALEMBICALEMBICLTD
Health Technology
79%similar
ROCEP/E
HEXA TRADEXHEXATRADEX
Distribution Services
51%similar
revenuedebt/equity
TAJ GVK HOTELS And RESORTSTAJGVK
Consumer Services
44%similar
P/Emarket cap
DHUNSERI VENTURESDVL
Consumer Non-Durables
41%similar
P/Evolatility
JINDAL DRILLING & INDUSTRIES LJINDRILL
Industrial Services
41%similar
market capP/E
VARDHMAN HOLDINGSVHL
Finance
79%similar
debt/equityP/E
SUMMIT SECURITIESSUMMITSEC
Finance
70%similar
debt/equityoperating margin
JINDAL PHOTOJINDALPHOT
Finance
61%similar
revenue growthpromoter holding

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

What changed?

30 events since Feb '24

  1. OctValuationP/E fell below the 10th percentile of its own history to date (3.7x).
  2. SepPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
  3. JulPriceVolume reached 161.0x its 50-day median on 2026-07-13; price +9.9% that day.
  4. JunResultsYear-on-year EPS growth turned positive.
  5. JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the bottom quartile).
  6. JunDividendStarted paying a dividend (payout 13% of profit).
  7. MayPriceVolume reached 33.4x its 50-day median on 2026-05-29; price +7.1% that day.
  8. AprValuationP/E crossed above the 90th percentile of its own history to date (9.3x).
Show 22 earlier events
  1. MarResultsRevenue (TTM) reached a new high of ₹64 cr.
  2. MarPriceFell 59% from the Oct 2024 peak to the Mar 2026 low.
  3. JanPriceVolume reached 5.2x its 50-day median on 2026-01-21; price -1.8% that day.
  4. OctPriceVolume reached 5.9x its 50-day median on 2025-10-03; price +4.1% that day.
  5. SepPeer rankMoved into the top quartile of Finance on operating margin (from the bottom quartile).
  6. SepPriceVolume reached 111.4x its 50-day median on 2025-09-23; price +0.9% that day.
  7. JunResultsYear-on-year EPS growth turned negative.
  8. JunValuationP/E crossed above the 90th percentile of its own history to date (8.3x).
  9. JunPeer rankSlipped to the bottom quartile of Finance on operating margin (from the top quartile).
  10. JunPriceVolume reached 12.3x its 50-day median on 2025-06-10; price -0.5% that day.
  11. MarPriceVolume reached 10.9x its 50-day median on 2025-03-27; price +4.3% that day.
  12. JanValuationP/E fell below the 10th percentile of its own history to date (3.9x).
  13. DecPeer rankSlipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
  14. NovPeer rankSlipped to the 3rd quartile of Finance on ROCE (from the 2nd quartile).
  15. OctPriceVolume reached 30.4x its 50-day median on 2024-10-21; price +11.0% that day.
  16. SepValuationP/E fell below the 10th percentile of its own history to date (4.1x).
  17. SepPriceVolume reached 11.5x its 50-day median on 2024-09-24; price +0.2% that day.
  18. JunResultsRevenue (TTM) reached a new high of ₹43 cr.
  19. JunPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
  20. JunPriceVolume reached 22.7x its 50-day median on 2024-06-24; price +10.1% that day.
  21. MarPriceVolume reached 15.1x its 50-day median on 2024-03-01; price +10.3% that day.
  22. FebValuationP/E crossed above the 90th percentile of its own history to date (8.1x).

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
2026-114.0x₹77 cr4.6%5.0%0.0x
2026-103.7x₹77 cr4.6%5.0%0.0x
2026-094.2x₹77 cr4.6%5.0%0.0x
2026-085.9x₹75 cr3.3%5.0%0.0x
2026-076.1x₹75 cr3.3%5.0%0.0x
2026-065.8x₹75 cr3.3%5.0%0.0x
2026-059.7x₹64 cr2.4%5.0%0.0x
2026-049.3x₹64 cr2.4%5.0%0.0x
2026-037.1x₹64 cr2.4%5.0%0.0x
2026-0218.0x₹63 cr1.2%5.0%0.0x
2026-0117.1x₹63 cr1.2%5.0%0.0x
2025-1218.5x₹63 cr1.2%5.0%0.0x
2025-1120.9x₹63 cr1.1%5.0%0.0x
2025-1022.4x₹63 cr1.1%5.0%0.0x
2025-0921.3x₹63 cr1.1%5.0%0.0x
2025-087.4x₹62 cr3.2%5.0%0.0x
2025-078.0x₹62 cr3.2%5.0%0.0x
2025-068.3x₹62 cr3.2%5.0%0.0x
2025-053.9x₹49 cr7.7%11.0%0.0x
2025-043.8x₹49 cr7.7%11.0%0.0x
2025-033.8x₹49 cr7.7%11.0%0.0x
2025-023.0x₹49 cr8.5%11.0%0.0x
2025-013.9x₹49 cr8.5%11.0%0.0x
2024-124.8x₹49 cr8.5%11.0%0.0x
2024-114.8x₹45 cr9.0%11.0%0.0x
2024-104.3x₹45 cr9.0%11.0%0.0x
2024-094.1x₹45 cr9.0%11.0%0.0x
2024-084.9x₹43 cr7.0%11.0%0.0x
2024-075.6x₹43 cr7.0%11.0%0.0x
2024-065.8x₹43 cr7.0%11.0%0.0x
2024-058.2x₹31 cr5.5%8.0%0.0x
2024-048.3x₹31 cr5.5%8.0%0.0x
2024-037.4x₹31 cr5.5%8.0%0.0x
2024-028.1x₹31 cr5.5%8.0%0.0x
2024-017.5x₹31 cr5.5%8.0%0.0x
2023-127.6x₹31 cr5.5%8.0%0.0x
2023-117.3x₹31 cr5.5%8.0%0.0x
2023-107.0x₹31 cr5.5%8.0%0.0x
2023-097.3x₹31 cr5.5%8.0%0.0x
2023-087.5x₹31 cr5.5%8.0%0.0x
2023-075.4x₹31 cr5.5%8.0%0.0x
2023-065.4x₹31 cr5.5%8.0%0.0x
2023-057.1x₹20 cr4.9%7.0%0.0x
2023-047.5x₹20 cr4.9%7.0%0.0x
2023-037.4x₹20 cr4.9%7.0%0.0x
2023-027.3x₹20 cr4.9%7.0%0.0x
2023-016.0x₹20 cr4.9%7.0%0.0x
2022-125.4x₹20 cr4.9%7.0%0.0x
2022-115.4x₹20 cr4.9%7.0%0.0x
2022-105.4x₹20 cr4.9%7.0%0.0x
2022-095.3x₹20 cr4.9%7.0%0.0x
2022-085.4x₹20 cr4.9%7.0%0.0x
2022-074.9x₹20 cr4.9%7.0%0.0x
2022-064.7x₹20 cr4.9%7.0%0.0x
2022-053.8x₹16 cr8.1%14.0%0.0x
2022-044.2x₹16 cr8.1%14.0%0.0x
2022-033.8x₹16 cr8.1%14.0%0.0x
2022-023.9x₹16 cr8.1%14.0%0.0x
2022-014.5x₹16 cr8.1%14.0%0.0x
2021-124.4x₹16 cr8.1%14.0%0.0x
2021-114.3x₹16 cr8.1%14.0%0.0x
2021-104.6x₹16 cr8.1%14.0%0.0x
2021-095.0x₹16 cr8.1%14.0%0.0x
2021-084.8x₹16 cr8.1%14.0%0.0x
2021-075.3x₹16 cr8.1%14.0%0.0x
2021-065.0x₹16 cr8.1%14.0%0.0x
2021-058.1x₹22 cr8.4%12.0%0.0x
2021-047.6x₹22 cr8.4%12.0%0.0x
2021-037.0x₹22 cr8.4%12.0%0.0x
2021-027.1x₹22 cr8.4%12.0%0.0x
2021-016.9x₹22 cr8.4%12.0%0.0x
2020-127.6x₹22 cr8.4%12.0%0.0x
2020-117.0x₹22 cr8.4%12.0%0.0x
2020-106.8x₹22 cr8.4%12.0%0.0x
2020-097.1x₹22 cr8.4%12.0%0.0x
2020-087.8x₹22 cr8.4%12.0%0.0x
2020-077.6x₹22 cr8.4%12.0%0.0x
2020-067.9x₹22 cr8.4%12.0%0.0x
2020-056.7x₹19 cr6.1%7.0%0.0x
2020-047.1x₹19 cr6.1%7.0%0.0x
2020-036.6x₹19 cr6.1%7.0%0.0x
2020-028.9x₹19 cr6.1%7.0%0.0x
2020-019.3x₹19 cr6.1%7.0%0.0x
2019-129.3x₹19 cr6.1%7.0%0.0x
2019-119.5x₹19 cr6.1%7.0%0.0x
2019-109.7x₹19 cr6.1%7.0%0.0x
2019-098.2x₹19 cr6.1%7.0%0.0x
2019-087.7x₹19 cr6.1%7.0%0.0x
2019-077.2x₹19 cr6.1%7.0%0.0x
2019-067.5x₹19 cr6.1%7.0%0.0x
2019-055.5x₹11 cr6.6%11.0%0.0x
2019-045.1x₹11 cr6.6%11.0%0.0x
2019-036.1x₹11 cr6.6%11.0%0.0x
2019-025.3x₹11 cr6.6%11.0%0.0x
2019-015.1x₹11 cr6.6%11.0%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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