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CAPACITE INFRAPROJECTS LTD (CAPACITE)

Industrial Services · Engineering & Construction · 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.61 / 100
Profitability 55Growth 56Balance sheet 71
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.27 / 100
Price 27Earnings 28FII/DII 27

Passes these screensValue Pick

Compare withLARSEN AND TOUBROJSW INFRASTRUCTURERAIL VIKAS NIGAM

Share price

Closing priceAdjusted for splits and bonus issues.

₹181.03 latest close · −27.3% over the last 90 sessions

₹150₹200₹250Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹150₹200₹250Jul 3Sep 4Nov 9

₹181.03 month-end · −34.7% over 12 months

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

₹181.03 month-end · −28.3% over 3 years

₹200₹300₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹300₹400Nov '23May '25Nov '26

₹181.03 month-end · −14.7% since Jan '19

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

52-week range ₹144.20 to ₹314.25 · 1-year volatility 47.6%

Was the rally earned?

-35%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 12.0x to 8.3x); per-share earnings took off 4 points.
  • The share count barely moved.
Net profit growth: −5 pts. Points of the price return explained by net profit growing (or shrinking).−5 ptsNet profit growthP/E change: −31 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−31 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: −35%−35%Share priceNet profit growth: −5 pts. Points of the price return explained by net profit growing (or shrinking).−5ProfitP/E change: −31 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−31P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −35%−35%Share price
Net profit growth-5 ptsNet profit fell about 6%, which lowers the price.
P/E change-31 ptsThe P/E fell from 12.0x to 8.3x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
-28%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 38 points, but investors now pay less per rupee of profit (P/E 18.0x to 8.3x), which took 66 points back.
  • The share count rose 25%.
Net profit growth: +57 pts. Points of the price return explained by net profit growing (or shrinking).+57 ptsNet profit growthP/E change: −66 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−66 ptsP/E changeShare count change: −19 pts. Points of the price return explained by the share count changing. More shares count against the price.−19 ptsShare count changeShare price: −28%−28%Share priceNet profit growth: +57 pts. Points of the price return explained by net profit growing (or shrinking).+57ProfitP/E change: −66 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−66P/EShare count change: −19 pts. Points of the price return explained by the share count changing. More shares count against the price.−19SharesShare price: −28%−28%Share price
Net profit growth+57 ptsNet profit rose about 95%, which lifts the price.
P/E change-66 ptsThe P/E fell from 18.0x to 8.3x, which lowers the price.
Share count change-19 ptsShare count rose 25%, which lowers the price.
+7%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 471 points, but investors now pay less per rupee of profit (P/E 736.5x to 8.3x), which took 464 points back.
  • The share count rose 25%.
Net profit growth: +494 pts. Points of the price return explained by net profit growing (or shrinking).+494 ptsNet profit growthP/E change: −464 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−464 ptsP/E changeShare count change: −23 pts. Points of the price return explained by the share count changing. More shares count against the price.−23 ptsShare count changeShare price: +7%+7%Share priceNet profit growth: +494 pts. Points of the price return explained by net profit growing (or shrinking).+494ProfitP/E change: −464 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−464P/EShare count change: −23 pts. Points of the price return explained by the share count changing. More shares count against the price.−23SharesShare price: +7%+7%Share price
Net profit growth+494 ptsNet profit rose about 11787%, which lifts the price.
P/E change-464 ptsThe P/E fell from 736.5x to 8.3x, which lowers the price.
Share count change-23 ptsShare count rose 25%, 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.

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

Compare this with LARSEN AND TOUBRO

How rough has the ride been?

Maximum drawdown-73.7%recovered 2023-12
1-year volatility47.6%annualised
Beta vs sector index1.123-year daily, correlation 0.58
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−73.7% 0%−20%−40%−60%2020202220242026−73.7%
Largest drawdowns

-73.7% (2019-05 peak to 2020-04 low, recovered 2023-12)

-68.0% (2024-12 peak to 2026-10 low, not yet recovered)

-24.4% (2024-01 peak to 2024-03 low, recovered 2024-04)

Most recent volume spikes

2026-11-04: 5.4x the 50-day median, price +10.4% that day

2026-07-15: 14.3x the 50-day median, price -1.1% 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?

8.3xP/E todayNear its historic low
Against its own history6th percentile
CheapestMedian 15.4xDearest

Usual range 9.1x to 531.5x since 2019-01.

Against Industrial Services8.3x vs 14.0x
This company
8.3x
Sector median
14.0x

41% below the Industrial Services median.

5.1x334.6x664.2x993.7xJan '19Aug '20Mar '22Oct '23May '25Nov '265.1x334.6x664.2x993.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianIndustrial Services median

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

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

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Industrial Services is valued

Where does it rank among Industrial Services peers?

Each cell is the company's percentile rank among its Industrial Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE48th▼ 7 pts vs a year ago
  • Op. margin62ndflat vs a year ago
  • Revenue growth46th▼ 4 pts vs a year ago
  • EPS growth41st▼ 25 pts vs a year ago
  • Debt/equity ↓65th▲ 5 pts vs a year ago
  • Cash cycle ↓91stflat vs a year ago
  • P/E ↓81st▲ 8 pts vs a year ago
  • 12M momentum31stflat vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Industrial Services sector page Watch it move against Industrial Services in the Observatory

What is the price implying?

~9%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 11.7x, a holder earning 12%/yr needs earnings to grow about 9.2%/yr for 10 years, then trade at 15x.

Delivered5.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+4.2 ptsimplied minus delivered
Rank445thmost demanding of 856

Over time

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

-12%7%27% Jan 2019Nov 2026 -12%7%27% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x10.7%11.7%12.7%
15x8.2%9.2%10.2%
20x5.2%6.1%7.1%

Drag a slider to test other assumptions

Implied: 9.2%/yr

Looking back

  • Jan 2020Price implied 15%/yr; EPS has since grown 7%/yr (7.0 yrs)
  • Jan 2021Price implied 11%/yr; EPS has since grown 9%/yr (6.0 yrs)
  • Jan 2022Price implied 15%/yr; EPS has since grown 139%/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 Industrial Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹181.03
P/E
8.3x
ROCE
15.0%
Market Cap
₹1528 cr
Revenue (TTM)
₹2662 cr
P/S
0.6x
P/B
0.8x
ROE
9.7%
Operating Margin
16.0%
Debt / Equity
0.3x
Promoter Holding
31.7%
12M Momentum
-34.7%

52-week range

₹144.20₹314.25
22% of the way from its 52-week low to its high

Price risk

1Y volatility
47.6%
Beta vs sector
1-year daily
1.30

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.46x
low
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 7checks within range2 beyond a threshold
Other income reliance11%Within range

Other income as a share of pre-tax profit (trailing twelve months): 11.2%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.46xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.46x (cash from operations ₹236 cr, net profit ₹517 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+47 daysBeyond threshold

Debtor days are above the median of the previous three fiscal years by 47 days (151 vs 104). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress5% of fixed assetsWithin range

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

Payable days-48 days / 2 yrsWithin range

Days payable changed by -48 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, FIIs added 6.0 pts; promoters trimmed 4.0 pts; DIIs trimmed 0.5 pts.
  • The number of shareholders rose from 52,573 to 62,179 (+18%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters35.7%31.7%-4.0 pts
FIIs8.1%14.2%+6.0 pts
DIIs8.3%7.7%-0.5 pts
Public and others47.9%46.4%-1.5 pts

Number of shareholders

62,179shareholders+18% since Sep '23
52k58k64k70k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 52,573
Dec '23: 52,079
Mar '24: 62,145
Jun '24: 61,608
Sep '24: 66,597
Dec '24: 70,029
Mar '25: 67,378
Jun '25: 67,867
Sep '25: 65,576
Dec '25: 63,713
Mar '26: 61,699
Jun '26: 62,179
 52k58k64k70k Sep '23Sep '24Sep '25Jun '26
Sep '23: 52,573
Dec '23: 52,079
Mar '24: 62,145
Jun '24: 61,608
Sep '24: 66,597
Dec '24: 70,029
Mar '25: 67,378
Jun '25: 67,867
Sep '25: 65,576
Dec '25: 63,713
Mar '26: 61,699
Jun '26: 62,179

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

+14.0%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like CAPACITE INFRAPROJECTS 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 −8% to +52% vs the market, against 0% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +13.9%, 80% range +3.5% to +14.4%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ELECTCAST · Jan 2025: −47.7% vs market
PATELENG · Dec 2024: −45.8% vs market
DHAMPURSUG · Dec 2023: −45.8% vs market
KOPRAN · Nov 2024: −40.4% vs market
RUSHIL · Jul 2025: −33.6% vs market
SAHYADRI · Apr 2024: −29.0% vs market
PARAGMILK · Jan 2021: −27.0% vs market
GTPL · Aug 2024: −24.5% vs market
JKPAPER · Jan 2025: −16.3% vs market
PENIND · Jun 2020: −13.7% vs market
ASIANTILES · Apr 2023: −12.9% vs market
NIPPOBATRY · May 2022: −11.9% vs market
KCP · Jul 2022: −8.5% vs market
MONTECARLO · Nov 2023: −7.2% vs market
WELENT · Aug 2020: −6.3% vs market
RUCHIRA · Jun 2020: −5.9% vs market
PRAKASH · Oct 2024: −4.0% vs market
RICOAUTO · Mar 2020: −0.8% vs market
RANEHOLDIN · Mar 2020: +1.8% vs market
20MICRONS · Sep 2025: +3.0% vs market
APEX · May 2024: +6.3% vs market
AXISCADES · Nov 2020: +6.5% vs market
BALMLAWRIE · Feb 2025: +6.9% vs market
VINDHYATEL · Jun 2020: +8.7% vs market
HPL · Apr 2020: +13.7% vs market
TIMETECHNO · Dec 2020: +14.2% vs market
KHAICHEM · May 2024: +14.5% vs market
KELLTONTEC · Apr 2023: +14.8% vs market
SPIC · Jul 2022: +15.0% vs market
NCC · Dec 2021: +15.0% vs market
IGPL · Aug 2025: +15.8% vs market
POWERMECH · Aug 2020: +16.5% vs market
UNIVCABLES · Feb 2024: +18.8% vs market
EVERESTIND · Mar 2020: +20.4% vs market
JINDALSAW · Oct 2020: +20.7% vs market
DALMIASUG · Oct 2022: +30.3% vs market
SIYSIL · May 2020: +42.6% vs market
SPAL · Sep 2020: +54.9% vs market
SUNFLAG · Dec 2021: +55.9% vs market
JKIL · Jan 2022: +62.6% vs market
MANINDS · Apr 2025: +80.7% vs market
NCLIND · Jun 2020: +82.5% vs market
ELECON · Mar 2020: +85.9% vs market
TIIL · Jul 2020: +95.6% vs market
SHAKTIPUMP · Dec 2022: +97.3% vs market
SARDAEN · Mar 2020: +98.1% vs market
KIRLOSENG · Apr 2022: +145.7% vs market
RGL · Dec 2020: +151.2% vs market
SURYAROSNI · Oct 2022: +151.6% vs market
MIRZAINT · Mar 2021: +185.6% vs market
Similar setups +14.0%All companies +0.1%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
+14.0%
All companies' median
+0.1%
Beat the market
64% vs 50%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TIMETECHNO
Process Industries		 Dec 2020 7x13% −12%−20% +14%
JKIL
Industrial Services		 Jan 2022 12x13% +15%−25% +63%
ASIANTILES
Producer Manufacturing		 Apr 2023 7x10% −32%−40% −13%
PATELENG
Industrial Services		 Dec 2024 15x14% −14%−32% −46%
SUNFLAG
Non-Energy Minerals		 Dec 2021 9x11% +16%−26% +56%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
WELENT
Industrial Services		 Aug 2020 7x12% −27%−35% −6%
UNIVCABLES
Electronic Technology		 Feb 2024 13x12% +33%−20% +19%
PENIND
Non-Energy Minerals		 Jun 2020 5x13% −43%−44% −14%
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/S 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 CAPACITE INFRAPROJECTS 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 2026-11-09. 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.

NIIT LEARNING SYSTEMSNIITMTS
Commercial Services
75%similar
operating marginP/E
MASTEKMASTEK
Technology Services
70%similar
revenue growthpromoter holding
20 MICRONS20MICRONS
Process Industries
67%similar
EPS growthP/E
R SYSTEMS INTERNATIONALRSYSTEMS
Technology Services
64%similar
revenue growthrevenue
KELLTON TECH SOLUTIONSKELLTONTEC
Technology Services
63%similar
ROCEdebt/equity
PATEL ENGINEERINGPATELENG
Industrial Services
76%similar
promoter holdingP/E
VINDHYA TELELINKSVINDHYATEL
Industrial Services
56%similar
revenuedebt/equity
J KUMAR INFRAPROJECTSJKIL
Industrial Services
50%similar
P/EEPS growth

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

What changed?

30 events since Jan '23

  1. NovPriceVolume reached 5.4x its 50-day median on 2026-11-04; price +10.4% that day.
  2. OctPriceFell 68% from the Dec 2024 peak to the Oct 2026 low.
  3. SepPeer rankSlipped to the 3rd quartile of Industrial Services on ROCE (from the 2nd quartile).
  4. JulPriceVolume reached 14.3x its 50-day median on 2026-07-15; price -1.1% that day.
  5. JunPriceVolume reached 13.5x its 50-day median on 2026-06-23; price +1.8% that day.
  6. MayValuationP/E fell below the 10th percentile of its own history to date (9.7x).
  7. MarResultsYear-on-year EPS growth turned negative.
  8. MarPeer rankSlipped to the 3rd quartile of Industrial Services on EPS growth (from the 2nd quartile).
Show 22 earlier events
  1. MarPriceVolume reached 64.8x its 50-day median on 2026-03-17; price +15.3% that day.
  2. DecValuationP/E fell below the 10th percentile of its own history to date (10.8x).
  3. SepPeer rankSlipped to the 2nd quartile of Industrial Services on EPS growth (from the top quartile).
  4. SepPriceVolume reached 6.6x its 50-day median on 2025-09-18; price +0.7% that day.
  5. JunPeer rankMoved into the 2nd quartile of Industrial Services on ROCE (from the 3rd quartile).
  6. FebPriceVolume reached 6.6x its 50-day median on 2025-02-14; price -6.8% that day.
  7. SepPeer rankMoved into the 2nd quartile of Industrial Services on EPS growth (from the 3rd quartile).
  8. AugPeer rankSlipped to the 3rd quartile of Industrial Services on ROCE (from the 2nd quartile).
  9. AugPriceVolume reached 8.5x its 50-day median on 2024-08-16; price +0.6% that day.
  10. JunPromoterPromoter holding fell 6.6 pts to 31.7%.
  11. JunResultsRevenue (TTM) reached a new high of ₹1,932 cr.
  12. JunPeer rankSlipped to the 3rd quartile of Industrial Services on EPS growth (from the top quartile).
  13. JunSharesShare count is up 25.0% over 12 months.
  14. AprPriceVolume reached 5.5x its 50-day median on 2024-04-04; price +8.6% that day.
  15. MarPromoterPromoter holding rose 2.6 pts to 38.3%.
  16. MarInstitutionsFII + DII holding fell 3.6 pts over 1 quarter to 12.8%.
  17. DecPriceRegained the 2019-05 peak, 44 months after the low.
  18. NovPriceVolume reached 8.1x its 50-day median on 2023-11-15; price +3.7% that day.
  19. SepPriceVolume reached 5.3x its 50-day median on 2023-09-01; price +10.2% that day.
  20. JunResultsRevenue (TTM) reached a new high of ₹1,799 cr.
  21. MayPriceVolume reached 10.6x its 50-day median on 2023-05-15; price +1.7% that day.
  22. JanPriceVolume reached 7.4x its 50-day median on 2023-01-02; price +3.6% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-118.3x₹2662 cr9.7%15.0%0.3x
2026-106.7x₹2662 cr9.7%15.0%0.3x
2026-098.4x₹2662 cr9.7%15.0%0.3x
2026-089.5x₹2622 cr10.1%15.0%0.3x
2026-079.5x₹2622 cr10.1%15.0%0.3x
2026-0611.2x₹2622 cr10.1%15.0%0.3x
2026-059.7x₹2581 cr11.7%18.0%0.2x
2026-0410.8x₹2581 cr11.7%18.0%0.2x
2026-038.7x₹2581 cr11.7%18.0%0.2x
2026-0210.3x₹2496 cr11.8%18.0%0.2x
2026-019.4x₹2496 cr11.8%18.0%0.2x
2025-1210.8x₹2496 cr11.8%18.0%0.2x
2025-1112.0x₹2368 cr11.5%18.0%0.2x
2025-1012.5x₹2368 cr11.5%18.0%0.2x
2025-0912.6x₹2368 cr11.5%18.0%0.2x
2025-0811.8x₹2349 cr11.8%18.0%0.2x
2025-0712.8x₹2349 cr11.8%18.0%0.2x
2025-0613.9x₹2349 cr11.8%18.0%0.2x
2025-0513.8x₹2277 cr13.3%16.0%0.2x
2025-0414.7x₹2277 cr13.3%16.0%0.2x
2025-0314.7x₹2277 cr13.3%16.0%0.2x
2025-0214.0x₹2168 cr11.9%16.0%0.2x
2025-0116.9x₹2168 cr11.9%16.0%0.2x
2024-1220.2x₹2168 cr11.9%16.0%0.2x
2024-1122.8x₹2072 cr10.2%16.0%0.2x
2024-1020.0x₹2072 cr10.2%16.0%0.2x
2024-0920.4x₹2072 cr10.2%16.0%0.2x
2024-0824.5x₹1932 cr8.0%16.0%0.2x
2024-0720.8x₹1932 cr8.0%16.0%0.2x
2024-0620.1x₹1932 cr8.0%16.0%0.2x
2024-0522.0x₹1799 cr8.8%17.0%0.3x
2024-0422.1x₹1799 cr8.8%17.0%0.3x
2024-0318.7x₹1799 cr8.8%17.0%0.3x
2024-0218.7x₹1799 cr8.8%17.0%0.3x
2024-0118.7x₹1799 cr8.8%17.0%0.3x
2023-1217.8x₹1799 cr8.8%17.0%0.3x
2023-1118.0x₹1799 cr8.8%17.0%0.3x
2023-1014.9x₹1799 cr8.8%17.0%0.3x
2023-0914.7x₹1799 cr8.8%17.0%0.3x
2023-0814.8x₹1799 cr8.8%17.0%0.3x
2023-0715.6x₹1799 cr8.8%17.0%0.3x
2023-0614.7x₹1799 cr8.8%17.0%0.3x
2023-0523.4x₹1340 cr5.0%10.0%0.3x
2023-0418.7x₹1340 cr5.0%10.0%0.3x
2023-0316.9x₹1340 cr5.0%10.0%0.3x
2023-0217.4x₹1340 cr5.0%10.0%0.3x
2023-0121.1x₹1340 cr5.0%10.0%0.3x
2022-1221.8x₹1340 cr5.0%10.0%0.3x
2022-1120.0x₹1340 cr5.0%10.0%0.3x
2022-1022.8x₹1340 cr5.0%10.0%0.3x
2022-0922.7x₹1340 cr5.0%10.0%0.3x
2022-0823.5x₹1340 cr5.0%10.0%0.3x
2022-0715.4x₹1340 cr5.0%10.0%0.3x
2022-0616.3x₹1340 cr5.0%10.0%0.3x
2022-05507.0x₹880 cr0.2%6.0%0.3x
2022-04599.3x₹880 cr0.2%6.0%0.3x
2022-03476.1x₹880 cr0.2%6.0%0.3x
2022-02547.8x₹880 cr0.2%6.0%0.3x
2022-01655.4x₹880 cr0.2%6.0%0.3x
2021-12753.5x₹880 cr0.2%6.0%0.3x

Older months are in the live observatory.

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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