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BHARAT GEARS LIMITED (BHARATGEAR)

Producer Manufacturing · Trucks/Construction/Farm Machinery · 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.33 / 100
Profitability 37Growth 28Balance sheet 35

Passes these screensCash RichValue Pick

Compare withASHOK LEYLANDMAZAGON DOCK SHIPBUILDERSCOCHIN SHIPYARD

Share price

Closing priceAdjusted for splits and bonus issues.

₹99.62 latest close · −25.2% over the last 90 sessions

₹100₹120Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹100₹120Jul 3Sep 4Nov 9

₹99.62 month-end · −8.9% over 12 months

₹100₹120Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹100₹120Nov '25May '26Nov '26

₹99.62 month-end · −14.3% over 3 years

₹75₹100₹125Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹75₹100₹125Nov '23May '25Nov '26

₹99.62 month-end · −1.8% since Jan '19

₹50₹100₹150Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹50₹100₹150Jan '19Dec '22Nov '26

52-week range ₹83.80 to ₹141.33 · 1-year volatility 42.2%

Was the rally earned?

-9%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 78 points, but investors now pay less per rupee of profit (P/E 25.3x to 10.2x), which took 87 points back.
  • The share count barely moved.
Net profit growth: +77 pts. Points of the price return explained by net profit growing (or shrinking).+77 ptsNet profit growthP/E change: −87 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−87 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: −9%−9%Share priceNet profit growth: +77 pts. Points of the price return explained by net profit growing (or shrinking).+77ProfitP/E change: −87 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−87P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −9%−9%Share price
Net profit growth+77 ptsNet profit rose about 125%, which lifts the price.
P/E change-87 ptsThe P/E fell from 25.3x to 10.2x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
-14%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 10 points, but investors now pay less per rupee of profit (P/E 13.2x to 10.2x), which took 24 points back.
  • The share count rose 3%.
Net profit growth: +13 pts. Points of the price return explained by net profit growing (or shrinking).+13 ptsNet profit growthP/E change: −24 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−24 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: −14%−14%Share priceNet profit growth: +13 pts. Points of the price return explained by net profit growing (or shrinking).+13ProfitP/E change: −24 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−24P/EShare count change: −3 pts. Points of the price return explained by the share count changing. More shares count against the price.−3SharesShare price: −14%−14%Share price
Net profit growth+13 ptsNet profit rose about 15%, which lifts the price.
P/E change-24 ptsThe P/E fell from 13.2x to 10.2x, which lowers the price.
Share count change-3 ptsShare count rose 3%, which lowers 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.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with ASHOK LEYLAND

How rough has the ride been?

Maximum drawdown-87.4%recovered 2021-11
1-year volatility42.2%annualised

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−86.8% 0%−25%−50%−75%2020202220242026−86.8%
Largest drawdowns

-87.4% (2019-01 peak to 2020-03 low, recovered 2021-11)

-61.0% (2022-09 peak to 2025-03 low, not yet recovered)

-34.3% (2021-11 peak to 2022-02 low, recovered 2022-09)

Is it expensive against its own past and its peers?

10.2xP/E todayWithin its usual range
Against its own history45th percentile
CheapestMedian 11.9xDearest

Usual range 5.4x to 33.1x since 2019-01.

Against Producer Manufacturing10.2x vs 29.6x
This company
10.2x
Sector median
29.6x

66% below the Producer Manufacturing median.

2.0x209.6x417.2x624.8xJan '19Aug '20Mar '22Oct '23May '25Nov '262.0x209.6x417.2x624.8xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing 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 Producer Manufacturing is valued

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing 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

  • ROCE61st▲ 55 pts vs a year ago
  • Op. margin12th▼ 4 pts vs a year ago
  • Revenue growth73rd▲ 44 pts vs a year ago
  • EPS growth92nd
  • Debt/equity ↓27th▲ 5 pts vs a year ago
  • Cash cycle ↓91stflat vs a year ago
  • P/E ↓92nd▲ 29 pts vs a year ago
  • 12M momentum46th▼ 32 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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~13%annual earnings growth implied by the price

At a P/E of 15.9x, the price would imply about 12.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

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

What prices imply across Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹99.62
P/E
10.2x
ROCE
18.0%
Market Cap
₹153 cr
Revenue (TTM)
₹820 cr
P/S
0.2x
P/B
1.2x
ROE
11.4%
Operating Margin
3.8%
Debt / Equity
0.6x
Promoter Holding
55.3%
12M Momentum
-8.9%

52-week range

₹83.80₹141.33
28% of the way from its 52-week low to its high

Price risk

1Y volatility
42.2%
Beta vs sector
1-year daily
1.03

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
5.00x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance25%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 24.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 24.9%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion13.89xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 13.89x (cash from operations ₹125 cr, net profit ₹9 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-5 daysWithin range

Debtor days are below the median of the previous three fiscal years by 5 days (53 vs 58). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress3% of fixed assetsWithin range

Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+8 days / 2 yrsWithin range

Days payable changed by +8 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, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders fell from 24,976 to 22,703 (-9%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters55.3%55.3%0.0 pts
FIIs1.2%1.4%+0.1 pts
DIIs0.0%0.0%0.0 pts
Public and others43.4%43.3%-0.1 pts

Number of shareholders

22,703shareholders-9% since Sep '23
23k24k25k26k Sep '23Jun '24Dec '24Jun '25Dec '25Jun '26
Sep '23: 24,976
Mar '24: 24,813
Jun '24: 25,083
Sep '24: 24,958
Dec '24: 24,884
Mar '25: 24,763
Jun '25: 24,597
Sep '25: 25,976
Dec '25: 24,160
Mar '26: 23,212
Jun '26: 22,703
 23k24k25k26k Sep '23Dec '24Dec '25Jun '26
Sep '23: 24,976
Mar '24: 24,813
Jun '24: 25,083
Sep '24: 24,958
Dec '24: 24,884
Mar '25: 24,763
Jun '25: 24,597
Sep '25: 25,976
Dec '25: 24,160
Mar '26: 23,212
Jun '26: 22,703

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

+2.7%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 BHARAT GEARS 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 −24% to +47% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (+6.0%, 80% range −4.7% to +13.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
MANGALAM · Dec 2024: −77.4% vs market
AGARIND · Jul 2025: −51.8% vs market
MAHESHWARI · Apr 2023: −47.2% vs market
RANASUG · Sep 2023: −43.4% vs market
GLOBE · Oct 2024: −39.5% vs market
PENIND · Feb 2020: −35.1% vs market
ESPRIT · Aug 2025: −34.0% vs market
MOKSH · Sep 2025: −33.2% vs market
BVCL · Aug 2024: −31.5% vs market
BEARDSELL · Oct 2025: −31.4% vs market
SUTLEJTEX · Aug 2022: −30.2% vs market
BASML · Jun 2022: −27.8% vs market
RAJINDLTD · Aug 2025: −24.6% vs market
PATINTLOG · Apr 2022: −20.4% vs market
CORDSCABLE · Aug 2020: −18.5% vs market
IVP · Jul 2023: −16.8% vs market
HISARMETAL · Jul 2023: −12.5% vs market
KANPRPLA · Jan 2023: −12.3% vs market
JAYAGROGN · Jul 2025: −12.1% vs market
PRITIKAUTO · Aug 2023: −8.3% vs market
SUKHJITS · Dec 2023: −7.5% vs market
ARCHIDPLY · Feb 2024: −5.5% vs market
SALZERELEC · Jul 2021: −3.7% vs market
CENTEXT · Aug 2025: −2.8% vs market
SPIC · Jan 2020: −0.9% vs market
TOTAL · Oct 2025: +6.3% vs market
UMAEXPORTS · Jun 2023: +6.8% vs market
NRAIL · Jun 2022: +10.7% vs market
ARIES · May 2022: +12.1% vs market
BANSWRAS · Nov 2022: +13.0% vs market
AARVI · Sep 2025: +13.7% vs market
MANINDS · Jan 2020: +17.2% vs market
SHERA · Aug 2025: +19.9% vs market
PGIL · May 2020: +23.8% vs market
HITECH · Jun 2022: +27.1% vs market
GPTINFRA · Jan 2022: +43.4% vs market
GOODLUCK · Jul 2022: +43.8% vs market
20MICRONS · Jul 2020: +48.4% vs market
KNAGRI · Mar 2024: +49.6% vs market
BCLIND · Dec 2022: +64.0% vs market
LAMBODHARA · Aug 2020: +65.2% vs market
TBZ · May 2024: +71.8% vs market
RPTECH · May 2025: +72.4% vs market
GOKUL · Dec 2020: +73.8% vs market
MWL · Sep 2024: +75.8% vs market
AXISCADES · Apr 2021: +125.2% vs market
VISHNU · Mar 2020: +138.2% vs market
GOKULAGRO · Oct 2020: +166.1% vs market
TCPLPACK · Dec 2021: +186.0% vs market
DSSL · Aug 2020: +201.4% vs market
Similar setups +2.7%All companies −3.3%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge

Similar setups' median
+2.7%
All companies' median
−3.3%
Beat the market
50% vs 47%

50 past situations · 50 companies · 38 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
CORDSCABLE
Producer Manufacturing		 Aug 2020 5x16% +7%−25% −19%
GLOBE
Process Industries		 Oct 2024 20x— +41%−24% −40%
NRAIL
Process Industries		 Jun 2022 6x17% −5%−36% +11%
MOKSH
Consumer Durables		 Sep 2025 14x13% −19%−32% −33%
MWL
Non-Energy Minerals		 Sep 2024 15x14% +17%−16% +76%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ARIES
Process Industries		 May 2022 9x14% +14%−31% +12%
ARCHIDPLY
Producer Manufacturing		 Feb 2024 15x13% +56%−14% −6%
PENIND
Non-Energy Minerals		 Feb 2020 4x17% −32%−41% −35%
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, 12-month momentum and P/E. 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 BHARAT GEARS 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 changed?

30 events since Jun '20

  1. JunResultsYear-on-year EPS growth turned positive.
  2. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
  3. JunDividendStarted paying a dividend (payout 9% of profit).
  4. MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  5. DecValuationP/E crossed above the 90th percentile of its own history to date (608.9x).
  6. DecPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  7. JunResultsEPS (TTM) turned positive.
  8. JunValuationP/E crossed above the 90th percentile of its own history to date (43.0x).
Show 22 earlier events
  1. JunDebtDebt / equity fell below 1.0x (0.71x).
  2. MarResultsEPS (TTM) turned negative.
  3. MarPriceFell 61% from the Sep 2022 peak to the Mar 2025 low.
  4. DecResultsEPS (TTM) turned positive.
  5. DecValuationP/E crossed above the 90th percentile of its own history to date (33.5x).
  6. JunResultsEPS (TTM) turned negative.
  7. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  8. JunDebtDebt / equity rose above 1.0x (1.03x).
  9. FebPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  10. JunResultsYear-on-year EPS growth turned negative.
  11. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on ROCE (from the top quartile).
  12. SepPriceRegained the 2021-11 peak, 7 months after the low.
  13. JunResultsEPS (TTM) turned positive.
  14. JunPeer rankMoved into the top quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  15. JunDebtDebt / equity fell below 1.0x (0.99x).
  16. JunSharesShare count is up 11.1% over 12 months.
  17. FebPriceFell 34% from the Nov 2021 peak to the Feb 2022 low.
  18. NovPriceRegained the 2019-01 peak, 20 months after the low.
  19. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
  20. JunResultsEPS (TTM) turned negative.
  21. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  22. JunDividendDividend payout cut from 6% to 0% of profit.

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
2026-1110.2x₹820 cr11.4%18.0%0.6x
2026-1010.0x₹820 cr11.5%18.0%0.6x
2026-0910.4x₹820 cr11.5%18.0%0.6x
2026-089.5x₹784 cr12.6%18.0%0.6x
2026-0711.8x₹784 cr12.6%18.0%0.6x
2026-0612.3x₹784 cr12.6%18.0%0.6x
2026-0514.0x₹749 cr11.6%2.0%0.7x
2026-0412.5x₹749 cr11.6%2.0%0.7x
2026-0310.1x₹749 cr11.6%2.0%0.7x
2026-02593.2x₹701 cr0.2%2.0%0.7x
2026-01624.8x₹701 cr0.2%2.0%0.7x
2025-12608.9x₹701 cr0.2%2.0%0.7x
2025-1125.3x₹661 cr5.9%2.0%0.7x
2025-1026.5x₹661 cr5.9%2.0%0.7x
2025-0929.2x₹661 cr5.9%2.0%0.7x
2025-0843.0x₹648 cr2.8%2.0%0.7x
2025-0745.1x₹648 cr2.8%2.0%0.7x
2025-0643.0x₹648 cr2.8%2.0%0.7x
2025-05—₹643 cr-0.2%2.0%1.0x
2025-04—₹643 cr-0.2%2.0%1.0x
2025-03—₹643 cr-0.2%2.0%1.0x
2025-0224.9x₹644 cr4.1%2.0%1.0x
2025-0130.1x₹644 cr4.1%2.0%1.0x
2024-1233.5x₹644 cr4.1%2.0%1.0x
2024-11—₹659 cr-9.8%2.0%1.0x
2024-10—₹659 cr-9.8%2.0%1.0x
2024-09—₹659 cr-9.8%2.0%1.0x
2024-08—₹663 cr-9.1%2.0%1.0x
2024-07—₹663 cr-9.1%2.0%1.0x
2024-06—₹663 cr-9.1%2.0%1.0x
2024-0512.1x₹766 cr10.8%15.0%1.0x
2024-0413.5x₹766 cr10.8%15.0%1.0x
2024-0311.5x₹766 cr10.8%15.0%1.0x
2024-0213.9x₹766 cr10.8%15.0%1.0x
2024-0113.6x₹766 cr10.8%15.0%1.0x
2023-1213.2x₹766 cr10.8%15.0%1.0x
2023-1113.2x₹766 cr10.8%15.0%1.0x
2023-1013.2x₹766 cr10.8%15.0%1.0x
2023-0913.9x₹766 cr10.8%15.0%1.0x
2023-0814.1x₹766 cr10.8%15.0%1.0x
2023-0714.8x₹766 cr10.8%15.0%1.0x
2023-0614.1x₹766 cr10.8%15.0%1.0x
2023-057.0x₹729 cr24.1%24.0%1.0x
2023-047.3x₹729 cr24.1%24.0%1.0x
2023-036.2x₹729 cr24.1%24.0%1.0x
2023-026.9x₹729 cr24.1%24.0%1.0x
2023-017.8x₹729 cr24.1%24.0%1.0x
2022-127.5x₹729 cr24.1%24.0%1.0x
2022-118.2x₹729 cr24.1%24.0%1.0x
2022-108.1x₹729 cr24.1%24.0%1.0x
2022-098.8x₹729 cr24.1%24.0%1.0x
2022-087.1x₹729 cr24.1%24.0%1.0x
2022-075.4x₹729 cr24.1%24.0%1.0x
2022-065.6x₹729 cr24.1%24.0%1.0x
2022-05—₹503 cr-10.8%6.0%1.6x
2022-04—₹503 cr-10.8%6.0%1.6x
2022-03—₹503 cr-10.8%6.0%1.6x
2022-02—₹503 cr-10.8%6.0%1.6x
2022-01—₹503 cr-10.8%6.0%1.6x
2021-12—₹503 cr-10.8%6.0%1.6x
2021-11—₹503 cr-10.8%6.0%1.6x
2021-10—₹503 cr-10.8%6.0%1.6x
2021-09—₹503 cr-10.8%6.0%1.6x
2021-08—₹503 cr-10.8%6.0%1.6x
2021-07—₹503 cr-10.8%6.0%1.6x
2021-06—₹503 cr-10.8%6.0%1.6x
2021-05—₹463 cr-24.1%-1.0%1.9x
2021-04—₹463 cr-24.1%-1.0%1.9x
2021-03—₹463 cr-24.1%-1.0%1.9x
2021-02—₹463 cr-24.1%-1.0%1.9x
2021-01—₹463 cr-24.1%-1.0%1.9x
2020-12—₹463 cr-24.1%-1.0%1.9x
2020-11—₹463 cr-24.1%-1.0%1.9x
2020-10—₹463 cr-24.1%-1.0%1.9x
2020-09—₹463 cr-24.1%-1.0%1.9x
2020-08—₹463 cr-24.1%-1.0%1.9x
2020-07—₹463 cr-24.1%-1.0%1.9x
2020-06—₹463 cr-24.1%-1.0%1.9x
2020-053.0x₹594 cr14.8%18.0%1.8x
2020-043.2x₹594 cr14.8%18.0%1.8x
2020-032.0x₹594 cr14.8%18.0%1.8x
2020-023.1x₹594 cr14.8%18.0%1.8x
2020-014.7x₹594 cr14.8%18.0%1.8x
2019-126.3x₹594 cr14.8%18.0%1.8x
2019-115.6x₹594 cr14.8%18.0%1.8x
2019-105.7x₹594 cr14.8%18.0%1.8x
2019-095.4x₹594 cr14.8%18.0%1.8x
2019-084.7x₹594 cr14.8%18.0%1.8x
2019-075.9x₹594 cr14.8%18.0%1.8x
2019-067.5x₹594 cr14.8%18.0%1.8x
2019-0519.1x₹508 cr7.7%13.0%1.7x
2019-0422.9x₹508 cr7.7%13.0%1.7x
2019-0326.6x₹508 cr7.7%13.0%1.7x
2019-0224.1x₹508 cr7.7%13.0%1.7x
2019-0124.6x₹508 cr7.7%13.0%1.7x

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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