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THE BYKE HOSPITALITY LTD (BYKE)

Consumer Services

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.53 / 100
Profitability 66Growth 49Balance sheet 44
Compare withINDIAN HOTELS CO LTDITC HOTELS LIMITEDLEELA PALACES HOTELS & RESORTS
Share Price
₹28.66
P/E
22.0x
ROCE
6.0%
Market Cap
₹150 cr
Revenue (TTM)
₹109 cr
P/S
1.4x
P/B
0.6x
ROE
2.9%
Operating Margin
43.7%
Debt / Equity
0.5x
Promoter Holding
42.3%
12M Momentum
-52.6%
P/E vs its own history41st percentilesince Jan '19
P/E vs Consumer Services1.0xthe sector median

52-week range

₹26.25₹66.36
6% of the way from its 52-week low to its high

Price risk

1Y volatility
50.0%
Beta vs sector
1-year daily
1.15

Balance sheet & cash

Interest cover
operating profit ÷ interest
1.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.94x
Share count, 1Y
unchanged

Was the rally earned?

-53%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 30 points, but investors now pay less per rupee of profit (P/E 71.1x to 22.0x), which took 82 points back.
  • The share count barely moved.
1 year Net profit growth: +30 pts. Points of the price return explained by net profit growing (or shrinking).+30 ptsP/E change: -83 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-83 pts -53% 1 year Net profit growth: +30 pts. Points of the price return explained by net profit growing (or shrinking).+30 ptsP/E change: -83 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-83 pts -53%
Net profit growth+30 ptsNet profit rose about 53%, which lifts the price.
P/E change-82 ptsThe P/E fell from 71.1x to 22.0x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-26%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 71 points, but investors now pay less per rupee of profit (P/E 67.7x to 22.0x), which took 97 points back.
  • The share count rose 30%.
3 years Net profit growth: +94 pts. Points of the price return explained by net profit growing (or shrinking).+94 ptsP/E change: -97 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-97 ptsShare count change: -23 pts. Points of the price return explained by the share count changing. More shares count against the price.-23 pts -26% 3 years Net profit growth: +94 pts. Points of the price return explained by net profit growing (or shrinking).+94 ptsP/E change: -97 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-97 ptsShare count change: -23 pts. Points of the price return explained by the share count changing. More shares count against the price. -26%
Net profit growth+94 ptsNet profit rose about 197%, which lifts the price.
P/E change-97 ptsThe P/E fell from 67.7x to 22.0x, which lowers the price.
Share count change-23 ptsShare count rose 30%, 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 INDIAN HOTELS CO

Is it expensive against its own past and its peers?

22.1xP/E todayWithin its usual range
Against its own history41st percentileMedian 31.1x; usual range 7.7x to 90.2x since 2019-01.
Against Consumer Services22.1x vs 22.0xClose to the Consumer Services median.
2.8x45.1x87.5x129.9xJan '19Aug '20Mar '22Oct '23May '25Oct '262.8x45.1x87.5x129.9xJan '19Aug '21Mar '24Oct '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Services median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Services median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dashed 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 Consumer Services is valued

What is the price implying?

~36%annual earnings growth implied by the price

At a P/E of 107.2x, the price would imply about 36.3%/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 Consumer Services The market-wide Expectations lists

What changed?

  1. Jun '26Year-on-year EPS growth turned positive.
  2. Jun '26Moved into the top quartile of Consumer Services on EPS growth (from the 3rd quartile).
  3. Mar '26Fell 74% from the Dec 2024 peak to the Mar 2026 low.
  4. Dec '25Moved into the 3rd quartile of Consumer Services on EPS growth (from the bottom quartile).
  5. Sep '25Slipped to the bottom quartile of Consumer Services on EPS growth (from the 3rd quartile).
  6. Jul '25Share count is up 10.6% over 12 months.
  7. Jun '25Year-on-year EPS growth turned negative.
  8. Jun '25Slipped to the 3rd quartile of Consumer Services on EPS growth (from the top quartile).
Show 22 earlier events
  1. Dec '24Regained the 2024-06 peak, 2 months after the low.
  2. Oct '24Fell 30% from the Jun 2024 peak to the Oct 2024 low.
  3. Jun '24Promoter holding fell 4.0 pts to 42.8%.
  4. Jun '24Year-on-year EPS growth turned positive.
  5. Jun '24Moved into the top quartile of Consumer Services on EPS growth (from the bottom quartile).
  6. Jun '24Share count is up 17.5% over 12 months.
  7. Apr '24Regained the 2024-02 peak, 1 month after the low.
  8. Mar '24Fell 27% from the Feb 2024 peak to the Mar 2024 low.
  9. Jan '24Regained the 2019-01 peak, 46 months after the low.
  10. Jun '23EPS (TTM) turned positive.
  11. Jun '23P/E crossed above the 90th percentile of its own history to date (68.1x).
  12. May '23Moved into the 3rd quartile of Consumer Services on ROCE (from the bottom quartile).
  13. Nov '22Slipped to the bottom quartile of Consumer Services on ROCE (from the 3rd quartile).
  14. Sep '22Moved into the 3rd quartile of Consumer Services on ROCE (from the bottom quartile).
  15. Jul '22Slipped to the bottom quartile of Consumer Services on ROCE (from the 3rd quartile).
  16. Jun '21EPS (TTM) turned negative.
  17. Jun '21Slipped to the bottom quartile of Consumer Services on EPS growth (from the 2nd quartile).
  18. May '21P/E crossed above the 90th percentile of its own history to date (30.6x).
  19. Jan '21P/E crossed above the 90th percentile of its own history to date (18.8x).
  20. Jun '20Moved into the 2nd quartile of Consumer Services on EPS growth (from the bottom quartile).
  21. Mar '20Fell 88% from the Jan 2019 peak to the Mar 2020 low.
  22. Jun '19Slipped to the 3rd quartile of Consumer Services on ROCE (from the top 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

Are profits backed by cash?

5 of 7 checks are within range, 1 near a threshold, 1 beyond a threshold.
Tap a check to see how it is measured.

Other income reliance20%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 19.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate-1%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: -0.7%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion2.94xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.94x (cash from operations ₹53 cr, net profit ₹18 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 history-11 daysWithin range

Debtor days are below the median of the previous three fiscal years by 11 days (70 vs 81). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress6% of fixed assetsWithin range

Capital work-in-progress is 6% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-19 days / 2 yrsWithin range

Days payable changed by -19 over two years. Bands: rise of up to 30 days; more than 30 days.

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, promoters trimmed 4.6 pts; FIIs added 2.1 pts; DIIs trimmed 0.9 pts.
  • The number of shareholders fell from 19,405 to 15,721 (-19%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters46.9%42.3%-4.6 pts
FIIs0.0%2.1%+2.1 pts
DIIs0.9%0.0%-0.9 pts
Public and others52.2%55.6%+3.4 pts

Number of shareholders

15,721shareholders-19% since Dec '23
16k17k18k19k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 19,405
Mar '24: 18,128
Jun '24: 17,981
Sep '24: 17,332
Dec '24: 16,138
Mar '25: 16,036
Jun '25: 15,585
Sep '25: 15,601
Dec '25: 15,800
Mar '26: 15,665
Jun '26: 15,721
 16k17k18k19k Dec '23Dec '24Dec '25Jun '26
Dec '23: 19,405
Mar '24: 18,128
Jun '24: 17,981
Sep '24: 17,332
Dec '24: 16,138
Mar '25: 16,036
Jun '25: 15,585
Sep '25: 15,601
Dec '25: 15,800
Mar '26: 15,665
Jun '26: 15,721

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

How rough has the ride been?

Maximum drawdown-88.2%recovered 2024-01
1-year volatility50.0%annualised

Monthly share price

₹9₹39₹69₹99 Jan '19Aug '20Mar '22Oct '23May '25Oct '26
2019-01: ₹39.90
2019-02: ₹27.85
2019-03: ₹27.90
2019-04: ₹29.10
2019-05: ₹24.85
2019-06: ₹24.55
2019-07: ₹18.45
2019-08: ₹16.75
2019-09: ₹23.20
2019-10: ₹19.80
2019-11: ₹18.25
2019-12: ₹18.55
2020-01: ₹20.65
2020-02: ₹16.20
2020-03: ₹8.80
2020-04: ₹9.70
2020-05: ₹9.40
2020-06: ₹12.00
2020-07: ₹14.40
2020-08: ₹14.95
2020-09: ₹13.40
2020-10: ₹13.50
2020-11: ₹14.15
2020-12: ₹19.35
2021-01: ₹19.40
2021-02: ₹18.45
2021-03: ₹18.45
2021-04: ₹18.30
2021-05: ₹31.55
2021-06: ₹30.85
2021-07: ₹29.95
2021-08: ₹27.45
2021-09: ₹32.10
2021-10: ₹34.50
2021-11: ₹33.80
2021-12: ₹31.00
2022-01: ₹34.65
2022-02: ₹30.85
2022-03: ₹36.90
2022-04: ₹42.25
2022-05: ₹37.75
2022-06: ₹35.60
2022-07: ₹37.30
2022-08: ₹45.70
2022-09: ₹42.50
2022-10: ₹41.60
2022-11: ₹42.50
2022-12: ₹42.25
2023-01: ₹44.60
2023-02: ₹39.75
2023-03: ₹32.30
2023-04: ₹39.15
2023-05: ₹39.75
2023-06: ₹38.80
2023-07: ₹35.55
2023-08: ₹38.80
2023-09: ₹39.55
2023-10: ₹38.60
2023-11: ₹59.70
2023-12: ₹60.55
2024-01: ₹67.00
2024-02: ₹66.35
2024-03: ₹54.30
2024-04: ₹74.05
2024-05: ₹69.50
2024-06: ₹82.57
2024-07: ₹86.79
2024-08: ₹76.55
2024-09: ₹72.52
2024-10: ₹73.78
2024-11: ₹76.36
2024-12: ₹94.21
2025-01: ₹80.00
2025-02: ₹63.94
2025-03: ₹62.17
2025-04: ₹78.02
2025-05: ₹98.72
2025-06: ₹83.34
2025-07: ₹76.50
2025-08: ₹68.88
2025-09: ₹65.42
2025-10: ₹60.41
2025-11: ₹56.63
2025-12: ₹50.52
2026-01: ₹50.21
2026-02: ₹41.93
2026-03: ₹27.09
2026-04: ₹36.71
2026-05: ₹35.00
2026-06: ₹33.34
2026-07: ₹35.16
2026-08: ₹32.27
2026-09: ₹29.12
2026-10: ₹28.66
 ₹9₹39₹69₹99 Jan '19Aug '21Mar '24Oct '26
2019-01: ₹39.90
2019-02: ₹27.85
2019-03: ₹27.90
2019-04: ₹29.10
2019-05: ₹24.85
2019-06: ₹24.55
2019-07: ₹18.45
2019-08: ₹16.75
2019-09: ₹23.20
2019-10: ₹19.80
2019-11: ₹18.25
2019-12: ₹18.55
2020-01: ₹20.65
2020-02: ₹16.20
2020-03: ₹8.80
2020-04: ₹9.70
2020-05: ₹9.40
2020-06: ₹12.00
2020-07: ₹14.40
2020-08: ₹14.95
2020-09: ₹13.40
2020-10: ₹13.50
2020-11: ₹14.15
2020-12: ₹19.35
2021-01: ₹19.40
2021-02: ₹18.45
2021-03: ₹18.45
2021-04: ₹18.30
2021-05: ₹31.55
2021-06: ₹30.85
2021-07: ₹29.95
2021-08: ₹27.45
2021-09: ₹32.10
2021-10: ₹34.50
2021-11: ₹33.80
2021-12: ₹31.00
2022-01: ₹34.65
2022-02: ₹30.85
2022-03: ₹36.90
2022-04: ₹42.25
2022-05: ₹37.75
2022-06: ₹35.60
2022-07: ₹37.30
2022-08: ₹45.70
2022-09: ₹42.50
2022-10: ₹41.60
2022-11: ₹42.50
2022-12: ₹42.25
2023-01: ₹44.60
2023-02: ₹39.75
2023-03: ₹32.30
2023-04: ₹39.15
2023-05: ₹39.75
2023-06: ₹38.80
2023-07: ₹35.55
2023-08: ₹38.80
2023-09: ₹39.55
2023-10: ₹38.60
2023-11: ₹59.70
2023-12: ₹60.55
2024-01: ₹67.00
2024-02: ₹66.35
2024-03: ₹54.30
2024-04: ₹74.05
2024-05: ₹69.50
2024-06: ₹82.57
2024-07: ₹86.79
2024-08: ₹76.55
2024-09: ₹72.52
2024-10: ₹73.78
2024-11: ₹76.36
2024-12: ₹94.21
2025-01: ₹80.00
2025-02: ₹63.94
2025-03: ₹62.17
2025-04: ₹78.02
2025-05: ₹98.72
2025-06: ₹83.34
2025-07: ₹76.50
2025-08: ₹68.88
2025-09: ₹65.42
2025-10: ₹60.41
2025-11: ₹56.63
2025-12: ₹50.52
2026-01: ₹50.21
2026-02: ₹41.93
2026-03: ₹27.09
2026-04: ₹36.71
2026-05: ₹35.00
2026-06: ₹33.34
2026-07: ₹35.16
2026-08: ₹32.27
2026-09: ₹29.12
2026-10: ₹28.66

Last 90 trading days

₹27₹30₹33₹35 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹34.97
2026-06-25: ₹33.64
2026-06-30: ₹33.34
2026-07-02: ₹32.66
2026-07-06: ₹32.53
2026-07-08: ₹33.09
2026-07-10: ₹34.15
2026-07-14: ₹33.19
2026-07-16: ₹33.68
2026-07-20: ₹32.95
2026-07-22: ₹32.74
2026-07-24: ₹32.44
2026-07-28: ₹32.50
2026-07-30: ₹34.49
2026-08-03: ₹34.45
2026-08-05: ₹34.29
2026-08-07: ₹33.62
2026-08-11: ₹32.95
2026-08-13: ₹30.99
2026-08-17: ₹31.49
2026-08-19: ₹31.50
2026-08-21: ₹32.37
2026-08-25: ₹31.51
2026-08-27: ₹30.98
2026-08-31: ₹32.27
2026-09-02: ₹31.72
2026-09-04: ₹32.11
2026-09-08: ₹31.90
2026-09-10: ₹31.62
2026-09-15: ₹30.17
2026-09-17: ₹29.99
2026-09-21: ₹30.44
2026-09-23: ₹30.35
2026-09-25: ₹29.76
2026-09-29: ₹28.93
2026-10-01: ₹28.81
2026-10-06: ₹29.46
2026-10-08: ₹29.50
2026-10-12: ₹29.14
2026-10-14: ₹29.73
2026-10-16: ₹29.68
2026-10-21: ₹28.75
2026-10-23: ₹28.62
2026-10-27: ₹27.44
2026-10-29: ₹28.98
2026-10-30: ₹28.66
 ₹27₹30₹33₹35 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹34.97
2026-06-25: ₹33.64
2026-06-30: ₹33.34
2026-07-02: ₹32.66
2026-07-06: ₹32.53
2026-07-08: ₹33.09
2026-07-10: ₹34.15
2026-07-14: ₹33.19
2026-07-16: ₹33.68
2026-07-20: ₹32.95
2026-07-22: ₹32.74
2026-07-24: ₹32.44
2026-07-28: ₹32.50
2026-07-30: ₹34.49
2026-08-03: ₹34.45
2026-08-05: ₹34.29
2026-08-07: ₹33.62
2026-08-11: ₹32.95
2026-08-13: ₹30.99
2026-08-17: ₹31.49
2026-08-19: ₹31.50
2026-08-21: ₹32.37
2026-08-25: ₹31.51
2026-08-27: ₹30.98
2026-08-31: ₹32.27
2026-09-02: ₹31.72
2026-09-04: ₹32.11
2026-09-08: ₹31.90
2026-09-10: ₹31.62
2026-09-15: ₹30.17
2026-09-17: ₹29.99
2026-09-21: ₹30.44
2026-09-23: ₹30.35
2026-09-25: ₹29.76
2026-09-29: ₹28.93
2026-10-01: ₹28.81
2026-10-06: ₹29.46
2026-10-08: ₹29.50
2026-10-12: ₹29.14
2026-10-14: ₹29.73
2026-10-16: ₹29.68
2026-10-21: ₹28.75
2026-10-23: ₹28.62
2026-10-27: ₹27.44
2026-10-29: ₹28.98
2026-10-30: ₹28.66

Drawdown from peak

0% -43% -87% Jan '19Dec '22Oct '26 0% -43% -87% Jan '19Dec '22Oct '26
Largest drawdowns

-88.2% (2019-01 peak to 2020-03 low, recovered 2024-01)

-73.5% (2024-12 peak to 2026-03 low, not yet recovered)

-30.2% (2024-06 peak to 2024-10 low, recovered 2024-12)

Where does it rank among Consumer Services peers?

Each cell is the company's percentile rank among its Consumer 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).

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '26
Lower rank Higher rank

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 Consumer Services sector page Watch it move against Consumer Services in the Observatory

What happened next to similar setups

+7.8%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like THE BYKE HOSPITALITY LTD 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 −18% to +37% vs the market, against −1% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +8.5%, 80% range +2.2% to +12.6%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
RUCHINFRA · Oct 2024: −44.0% vs market
ASTRON · Jul 2022: −39.7% vs market
DAVANGERE · Sep 2025: −39.0% vs market
EXXARO · Mar 2024: −33.3% vs market
SHIGAN · Aug 2024: −28.5% vs market
AHLADA · Aug 2023: −27.4% vs market
DYNPRO · Dec 2022: −25.7% vs market
SUMIT · Sep 2020: −24.1% vs market
VIPCLOTHNG · Mar 2024: −23.2% vs market
VIRINCHI · Apr 2025: −23.2% vs market
ALKALI · Feb 2024: −22.8% vs market
WIPL · Sep 2020: −22.4% vs market
CAMLINFINE · Dec 2023: −18.0% vs market
ROHLTD · Jan 2020: −16.3% vs market
MURUDCERA · May 2024: −11.2% vs market
OAL · Mar 2024: −10.6% vs market
HTMEDIA · Jul 2022: −9.4% vs market
KOKUYOCMLN · May 2021: −8.5% vs market
REPRO · May 2021: −2.1% vs market
SOUTHWEST · Apr 2024: +1.1% vs market
RAJTV · Feb 2021: +2.0% vs market
SAGCEM · Jul 2022: +3.4% vs market
APOLLO · Jun 2021: +4.0% vs market
BAGFILMS · Apr 2020: +7.1% vs market
CLEDUCATE · Apr 2023: +7.5% vs market
SHK · Jun 2023: +8.1% vs market
BIL · Jun 2020: +9.1% vs market
AERONEU · May 2024: +10.0% vs market
HIKAL · Nov 2023: +12.3% vs market
TAJGVK · Mar 2021: +13.1% vs market
BANKA · Nov 2023: +13.2% vs market
NIPPOBATRY · Jul 2022: +14.2% vs market
SAKAR · Aug 2024: +16.9% vs market
SEMAC · Aug 2021: +22.9% vs market
SHIVALIK · Feb 2024: +25.4% vs market
AJMERA · Sep 2022: +28.7% vs market
SOMICONVEY · Jul 2022: +36.1% vs market
SKMEGGPROD · Jan 2020: +37.8% vs market
SHILPAMED · May 2023: +41.7% vs market
AROGRANITE · Aug 2020: +58.2% vs market
NELCAST · Mar 2022: +58.5% vs market
PRECAM · Jan 2023: +63.6% vs market
ALANKIT · Mar 2023: +63.7% vs market
SANGHIIND · Jun 2022: +66.0% vs market
THEINVEST · Aug 2023: +66.7% vs market
SHAILY · Jul 2023: +119.9% vs market
STERTOOLS · Apr 2022: +158.1% vs market
MARATHON · Nov 2021: +200.8% vs market
PARACABLES · Jul 2022: +218.9% vs market
INDOWIND · May 2021: +232.8% vs market
Similar setups +7.8%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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
+7.8%
All companies' median
−0.7%
Beat the market
62% vs 49%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
VIPCLOTHNG
Consumer Non-Durables		 Mar 2024 44x5% −12%−39% −23%
BAGFILMS
Consumer Services		 Apr 2020 9x7% −65%−67% +7%
SANGHIIND
Non-Energy Minerals		 Jun 2022 22x4% −33%−55% +66%
BANKA
Industrial Services		 Nov 2023 31x10% −15%−24% +13%
SOUTHWEST
Energy Minerals		 Apr 2024 37x11% −10%−36% +1%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
APOLLO
Electronic Technology		 Jun 2021 23x8% +10%−22% +4%
REPRO
Commercial Services		 May 2021 24x6% +9%−19% −2%
INDOWIND
Utilities		 May 2021 —-0% +25%−23% +233%
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, P/E and drawdown from 12-month high. 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 THE BYKE HOSPITALITY LTD. 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 2026-10-30. 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: 97,430 company-months from 2000 companies; financial: 5,632 company-months from 106 companies. 2240 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.
Monthly history (94 months)
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1022.0x₹109 cr2.9%6.0%0.5x
2026-0922.4x₹109 cr2.9%6.0%0.5x
2026-0825.2x₹107 cr2.9%6.0%0.5x
2026-0727.5x₹107 cr2.9%6.0%0.5x
2026-0626.0x₹107 cr2.9%6.0%0.5x
2026-0531.5x₹106 cr2.6%5.0%0.4x
2026-0433.1x₹106 cr2.6%5.0%0.4x
2026-0324.4x₹106 cr2.6%5.0%0.4x
2026-0241.5x₹104 cr2.4%5.0%0.4x
2026-0149.7x₹104 cr2.4%5.0%0.4x
2025-1250.0x₹104 cr2.4%5.0%0.4x
2025-1166.6x₹100 cr2.0%5.0%0.4x
2025-1071.1x₹100 cr2.0%5.0%0.4x
2025-0977.0x₹100 cr2.0%5.0%0.4x
2025-0874.1x₹97 cr2.2%5.0%0.4x
2025-0782.3x₹97 cr2.2%5.0%0.4x
2025-0689.6x₹97 cr2.2%5.0%0.4x
2025-0578.3x₹93 cr3.0%5.0%0.3x
2025-0461.9x₹93 cr3.0%5.0%0.3x
2025-0349.3x₹93 cr3.0%5.0%0.3x
2025-0248.8x₹88 cr3.0%5.0%0.3x
2025-0161.1x₹88 cr3.0%5.0%0.3x
2024-1271.9x₹88 cr3.0%5.0%0.3x
2024-1153.0x₹87 cr3.2%5.0%0.3x
2024-1051.2x₹87 cr3.2%5.0%0.3x
2024-0950.4x₹87 cr3.2%5.0%0.3x
2024-0858.0x₹84 cr2.8%5.0%0.3x
2024-0765.8x₹84 cr2.8%5.0%0.3x
2024-0662.6x₹84 cr2.8%5.0%0.3x
2024-05121.9x₹114 cr1.4%5.0%0.5x
2024-04129.9x₹114 cr1.4%5.0%0.5x
2024-0395.3x₹114 cr1.4%5.0%0.5x
2024-02116.4x₹114 cr1.4%5.0%0.5x
2024-01117.5x₹114 cr1.4%5.0%0.5x
2023-12106.2x₹114 cr1.4%5.0%0.5x
2023-11104.7x₹114 cr1.4%5.0%0.5x
2023-1067.7x₹114 cr1.4%5.0%0.5x
2023-0969.4x₹114 cr1.4%5.0%0.5x
2023-0868.1x₹114 cr1.4%5.0%0.5x
2023-0762.4x₹114 cr1.4%5.0%0.5x
2023-0668.1x₹114 cr1.4%5.0%0.5x
2023-05—₹93 cr-8.3%-2.0%0.6x
2023-04—₹93 cr-8.3%-2.0%0.6x
2023-03—₹93 cr-8.3%-2.0%0.6x
2023-02—₹93 cr-8.3%-2.0%0.6x
2023-01—₹93 cr-8.3%-2.0%0.6x
2022-12—₹93 cr-8.3%-2.0%0.6x
2022-11—₹93 cr-8.3%-2.0%0.6x
2022-10—₹93 cr-8.3%-2.0%0.6x
2022-09—₹93 cr-8.3%-2.0%0.6x
2022-08—₹93 cr-8.3%-2.0%0.6x
2022-07—₹93 cr-8.3%-2.0%0.6x
2022-06—₹93 cr-8.3%-2.0%0.6x
2022-05—₹66 cr-10.6%-5.0%0.5x
2022-04—₹66 cr-10.6%-5.0%0.5x
2022-03—₹66 cr-10.6%-5.0%0.5x
2022-02—₹66 cr-10.6%-5.0%0.5x
2022-01—₹66 cr-10.6%-5.0%0.5x
2021-12—₹66 cr-10.6%-5.0%0.5x
2021-11—₹66 cr-10.6%-5.0%0.5x
2021-10—₹66 cr-10.6%-5.0%0.5x
2021-09—₹66 cr-10.6%-5.0%0.5x
2021-08—₹66 cr-10.6%-5.0%0.5x
2021-07—₹66 cr-10.6%-5.0%0.5x
2021-06—₹66 cr-10.6%-5.0%0.5x
2021-0530.6x₹122 cr2.2%4.0%0.3x
2021-0417.8x₹122 cr2.2%4.0%0.3x
2021-0317.9x₹122 cr2.2%4.0%0.3x
2021-0217.9x₹122 cr2.2%4.0%0.3x
2021-0118.8x₹122 cr2.2%4.0%0.3x
2020-1218.8x₹122 cr2.2%4.0%0.3x
2020-1113.7x₹122 cr2.2%4.0%0.3x
2020-1013.1x₹122 cr2.2%4.0%0.3x
2020-0913.0x₹122 cr2.2%4.0%0.3x
2020-0814.5x₹122 cr2.2%4.0%0.3x
2020-0714.0x₹122 cr2.2%4.0%0.3x
2020-0611.7x₹122 cr2.2%4.0%0.3x
2020-057.5x₹147 cr2.7%5.0%0.1x
2020-047.7x₹147 cr2.7%5.0%0.1x
2020-037.0x₹147 cr2.7%5.0%0.1x
2020-0212.9x₹147 cr2.7%5.0%0.1x
2020-0116.4x₹147 cr2.7%5.0%0.1x
2019-1214.7x₹147 cr2.7%5.0%0.1x
2019-1114.5x₹147 cr2.7%5.0%0.1x
2019-1015.7x₹147 cr2.7%5.0%0.1x
2019-0918.4x₹147 cr2.7%5.0%0.1x
2019-0813.3x₹147 cr2.7%5.0%0.1x
2019-0714.6x₹147 cr2.7%5.0%0.1x
2019-0619.5x₹147 cr2.7%5.0%0.1x
2019-052.8x₹177 cr19.6%31.0%0.1x
2019-043.2x₹177 cr19.6%31.0%0.1x
2019-033.1x₹177 cr19.6%31.0%0.1x
2019-023.1x₹177 cr19.6%31.0%0.1x
2019-014.4x₹177 cr19.6%31.0%0.1x

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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