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CARTRADE TECH LIMITED (CARTRADE)

Technology Services · Internet Software/Services · 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.84 / 100
Profitability 66Growth 87Balance 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.49 / 100
Price 61Earnings 84FII/DII 2
Compare withINFO EDGE (INDIA)PB FINTECHJUST DIAL

Share price

Closing priceAdjusted for splits and bonus issues.

₹2,703.4 latest close · +0.1% over the last 90 sessions

₹2,500₹3,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹2,500₹3,000Jul 3Sep 4Nov 9

₹2,703.4 month-end · −12.4% over 12 months

₹1,500₹2,000₹2,500₹3,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,500₹2,000₹2,500₹3,000Nov '25May '26Nov '26

₹2,703.4 month-end · +253.1% over 3 years

₹1,000₹2,000₹3,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹1,000₹2,000₹3,000Nov '23May '25Nov '26

₹2,703.4 month-end · +81.6% since Aug '21

₹1,000₹2,000₹3,000Aug '21Sep '22Sep '23Oct '24Oct '25Nov '26 ₹1,000₹2,000₹3,000Aug '21Apr '24Nov '26

52-week range ₹1600.00 to ₹3290.50 · 1-year volatility 55.1%

Was the rally earned?

-12%share price, 1 yearLower 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 94.3x to 55.9x), which took 49 points back.
  • The share count rose 3%.
Net profit growth: +39 pts. Points of the price return explained by net profit growing (or shrinking).+39 ptsNet profit growthP/E change: −49 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−49 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: −12%−12%Share priceNet profit growth: +39 pts. Points of the price return explained by net profit growing (or shrinking).+39ProfitP/E change: −49 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−49P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: −12%−12%Share price
Net profit growth+39 ptsNet profit rose about 51%, which lifts the price.
P/E change-49 ptsThe P/E fell from 94.3x to 55.9x, which lowers the price.
Share count change-2 ptsShare count rose 3%, which lowers the price.
+253%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 381 points, but investors now pay less per rupee of profit (P/E 105.5x to 55.9x), which took 127 points back.
  • The share count fell 3%.
Net profit growth: +374 pts. Points of the price return explained by net profit growing (or shrinking).+374 ptsNet profit growthP/E change: −127 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−127 ptsP/E changeShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7 ptsShare count changeShare price: +253%+253%Share priceNet profit growth: +374 pts. Points of the price return explained by net profit growing (or shrinking).+374ProfitP/E change: −127 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−127P/EShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7SharesShare price: +253%+253%Share price
Net profit growth+374 ptsNet profit rose about 544%, which lifts the price.
P/E change-127 ptsThe P/E fell from 105.5x to 55.9x, which lowers the price.
Share count change+7 ptsShare count fell 3%, which lifts the price.
+194%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 3.6x to 55.9x); per-share earnings took off 301 points.
  • The share count rose 1234%.
Net profit growth: +165 pts. Points of the price return explained by net profit growing (or shrinking).+165 ptsNet profit growthP/E change: +495 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+495 ptsP/E changeShare count change: −466 pts. Points of the price return explained by the share count changing. More shares count against the price.−466 ptsShare count changeShare price: +194%+194%Share priceNet profit growth: +165 pts. Points of the price return explained by net profit growing (or shrinking).+165ProfitP/E change: +495 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+495P/EShare count change: −466 pts. Points of the price return explained by the share count changing. More shares count against the price.−466SharesShare price: +194%+194%Share price
Net profit growth+165 ptsNet profit rose about 150%, which lifts the price.
P/E change+495 ptsThe P/E rose from 3.6x to 55.9x, which lifts the price.
Share count change-466 ptsShare count rose 1234%, 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 INFO EDGE (INDIA)

How rough has the ride been?

Maximum drawdown-78.0%recovered 2024-12
1-year volatility55.1%annualised
Beta vs sector index0.453-year daily, correlation 0.17
Volume spikes8last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%20222023202420252026−76.2% 0%−25%−50%−75%202220242026−76.2%
Largest drawdowns

-78.0% (2021-08 peak to 2023-03 low, recovered 2024-12)

-50.3% (2025-11 peak to 2026-04 low, not yet recovered)

-23.3% (2025-03 peak to 2025-04 low, recovered 2025-05)

Most recent volume spikes

2026-11-03: 5.4x the 50-day median, price +10.2% that day

2026-10-30: 5.8x the 50-day median, price -5.8% that day

2026-10-29: 5.3x the 50-day median, price -5.7% 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?

55.9xP/E todayWithin its usual range
Against its own history31st percentile
CheapestMedian 69.4xDearest

Usual range 3.3x to 190.1x since 2021-08.

Against Technology Services55.9x vs 21.1x
This company
55.9x
Sector median
21.1x

165% above the Technology Services median.

2.1x96.2x190.4x284.5xAug '21Sep '22Oct '23Nov '24Dec '25Nov '262.1x96.2x190.4x284.5xAug '21May '23Feb '25Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

The chart loads when you open this tab.

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

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P/S (this company)10th to 90th percentile of its own historyIts medianTechnology 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 Technology Services is valued

Where does it rank among Technology Services peers?

Each cell is the company's percentile rank among its Technology 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

  • ROCE39th▲ 8 pts vs a year ago
  • Op. margin93rd▲ 13 pts vs a year ago
  • Revenue growth64th▼ 7 pts vs a year ago
  • EPS growth81st▼ 18 pts vs a year ago
  • Debt/equity ↓60thflat vs a year ago
  • Cash cycle ↓76th▲ 4 pts vs a year ago
  • P/E ↓16th▲ 7 pts vs a year ago
  • 12M momentum64th▼ 35 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 Technology Services sector page Watch it move against Technology Services in the Observatory

What is the price implying?

~46%annual earnings growth implied by the price

At a P/E of 216.4x, the price would imply about 46.3%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

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

What prices imply across Technology Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹2703.40
P/E
55.9x
ROCE
12.0%
Market Cap
₹13142 cr
Revenue (TTM)
₹807 cr
P/S
16.3x
P/B
5.3x
ROE
9.5%
Operating Margin
31.0%
Debt / Equity
0.1x
12M Momentum
-12.4%

52-week range

₹1600.00₹3290.50
65% of the way from its 52-week low to its high

Price risk

1Y volatility
55.1%
Beta vs sector
1-year daily
0.46

Balance sheet & cash

Interest cover
operating profit ÷ interest
26.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.09x
Share count, 1Y
+2.1%

Are profits backed by cash?

5 of 6checks within range1 near a threshold
Other income reliance28%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 27.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate17%Within range

Median quarterly effective tax rate over about 2.5 years: 17.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.09xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.09x (cash from operations ₹444 cr, net profit ₹409 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-8 daysWithin range

Debtor days are below the median of the previous three fiscal years by 8 days (44 vs 52). 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 3 years, FIIs trimmed 15.8 pts; DIIs added 11.1 pts.
  • The number of shareholders fell from 3.3 lakh to 1.5 lakh (-55%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters———
FIIs70.1%54.4%-15.8 pts
DIIs4.5%15.6%+11.1 pts
Public and others25.3%30.0%+4.7 pts

Number of shareholders

1.5 lakhshareholders-55% since Sep '23
1.5L2.1L2.7L3.3L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 3.3 lakh
Dec '23: 3.1 lakh
Mar '24: 2.9 lakh
Jun '24: 2.8 lakh
Sep '24: 2.6 lakh
Dec '24: 2.3 lakh
Mar '25: 2.0 lakh
Jun '25: 1.8 lakh
Sep '25: 1.5 lakh
Dec '25: 1.5 lakh
Mar '26: 1.5 lakh
Jun '26: 1.5 lakh
 1.5L2.1L2.7L3.3L Sep '23Sep '24Sep '25Jun '26
Sep '23: 3.3 lakh
Dec '23: 3.1 lakh
Mar '24: 2.9 lakh
Jun '24: 2.8 lakh
Sep '24: 2.6 lakh
Dec '24: 2.3 lakh
Mar '25: 2.0 lakh
Jun '25: 1.8 lakh
Sep '25: 1.5 lakh
Dec '25: 1.5 lakh
Mar '26: 1.5 lakh
Jun '26: 1.5 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−21.5%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like CARTRADE TECH 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 −29% to 0% vs the market, against −6% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −15.6%, 80% range −21.2% to −9.2%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
GENESYS · Mar 2025: −70.4% vs market
KABRAEXTRU · Mar 2023: −59.1% vs market
COHANCE · Dec 2024: −56.0% vs market
MAPMYINDIA · Feb 2025: −47.4% vs market
SEAMECLTD · Oct 2022: −41.3% vs market
AETHER · Jun 2023: −41.0% vs market
AURIONPRO · Jun 2025: −40.6% vs market
RATEGAIN · Mar 2024: −40.1% vs market
SAREGAMA · Feb 2025: −36.4% vs market
ADVENZYMES · Mar 2021: −33.8% vs market
DELTACORP · Jan 2020: −31.0% vs market
INTELLECT · Feb 2022: −30.5% vs market
JUBLINGREA · May 2022: −29.0% vs market
RAILTEL · Jun 2025: −28.3% vs market
RESPONIND · Jun 2024: −28.1% vs market
PARKHOTELS · Jun 2025: −27.7% vs market
COCHINSHIP · Sep 2025: −26.9% vs market
ANANTRAJ · Oct 2025: −26.6% vs market
TEGA · Jul 2025: −26.0% vs market
JYOTICNC · Jul 2025: −24.8% vs market
MTARTECH · Feb 2023: −24.4% vs market
NAZARA · May 2023: −23.7% vs market
HESTERBIO · May 2021: −23.7% vs market
LATENTVIEW · Apr 2024: −22.3% vs market
POLYMED · Aug 2025: −21.7% vs market
BORORENEW · Dec 2021: −21.4% vs market
ROUTE · Mar 2023: −21.1% vs market
BOROLTD · Dec 2021: −16.7% vs market
LAOPALA · Nov 2022: −16.1% vs market
SONACOMS · Jul 2022: −12.6% vs market
OBEROIRLTY · Jan 2022: −9.8% vs market
SHALBY · Nov 2020: −7.8% vs market
ITDC · Jan 2021: −5.8% vs market
ATGL · Sep 2025: −5.6% vs market
EMUDHRA · May 2024: −3.1% vs market
MIDHANI · May 2025: −2.9% vs market
RADICO · Sep 2022: −0.7% vs market
EMAMILTD · Sep 2020: −0.1% vs market
HINDCOPPER · Sep 2024: +3.8% vs market
SIRCA · Dec 2021: +21.0% vs market
KIOCL · Dec 2022: +27.0% vs market
VIJAYA · May 2025: +33.9% vs market
MAXHEALTH · Jul 2024: +43.5% vs market
PTCIL · Aug 2025: +46.5% vs market
AZAD · Jul 2025: +47.6% vs market
APTECHT · Jan 2021: +52.4% vs market
DATAPATTNS · Apr 2025: +53.9% vs market
LINDEINDIA · Aug 2022: +67.0% vs market
MCX · Jul 2023: +75.2% vs market
PARAS · Jul 2025: +80.2% vs market
Similar setups −21.5%All companies −5.9%← 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

Similar setups' median
−21.5%
All companies' median
−5.9%
Beat the market
24% vs 43%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ANANTRAJ
Consumer Durables		 Oct 2025 48x11% −13%−31% −27%
DATAPATTNS
Electronic Technology		 Apr 2025 78x20% −16%−27% +54%
BORORENEW
Process Industries		 Dec 2021 106x10% +108%−14% −21%
SIRCA
Process Industries		 Dec 2021 88x11% +83%−10% +21%
POLYMED
Health Technology		 Aug 2025 62x18% −11%−33% −22%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
LAOPALA
Consumer Durables		 Nov 2022 49x17% +20%−10% −16%
AZAD
Producer Manufacturing		 Jul 2025 102x12% −9%−22% +48%
PARAS
Electronic Technology		 Jul 2025 83x16% +3%−29% +80%
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, P/E and 12-month momentum. 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 CARTRADE TECH 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.

PARAS DEFENCE AND SPACE TECHPARAS
Electronic Technology
70%similar
revenue growthdebt/equity
UNIMECH AEROSPACE AND MFGUNIMECH
Electronic Technology
58%similar
operating marginROCE
AEROFLEX INDUSTRIESAEROFLEX
Producer Manufacturing
57%similar
revenue growthvolatility
APOLLO MICRO SYSTEMSAPOLLO
Electronic Technology
56%similar
volatilitymarket cap
DATA PATTERNS INDIADATAPATTNS
Electronic Technology
56%similar
revenue growthrevenue
NETWORK PEOPLE SERVICES TECHNPST
Technology Services
55%similar
EPS growthvolatility
ZEN TECHNOLOGIESZENTEC
Technology Services
48%similar
market caprevenue
EMUDHRAEMUDHRA
Technology Services
47%similar
volatilityrevenue

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

What changed?

30 events since Jul '22

  1. OctPriceVolume reached 17.8x its 50-day median on 2026-10-28; price -12.6% that day.
  2. JulPriceVolume reached 7.4x its 50-day median on 2026-07-27; price +12.1% that day.
  3. JunInstitutionsFII + DII holding fell 6.2 pts over 2 quarters to 72.2%.
  4. JunPriceVolume reached 19.8x its 50-day median on 2026-06-10; price +12.1% that day.
  5. AprPriceFell 50% from the Nov 2025 peak to the Apr 2026 low.
  6. FebPriceVolume reached 14.4x its 50-day median on 2026-02-05; price -3.6% that day.
  7. OctPriceVolume reached 18.6x its 50-day median on 2025-10-28; price +17.6% that day.
  8. SepInstitutionsFII + DII holding rose 3.0 pts over 2 quarters to 77.8%.
Show 22 earlier events
  1. JulPriceVolume reached 21.5x its 50-day median on 2025-07-28; price +9.1% that day.
  2. JunPeer rankMoved into the 3rd quartile of Technology Services on ROCE (from the bottom quartile).
  3. MarPeer rankMoved into the top quartile of Technology Services on operating margin (from the 2nd quartile).
  4. JanPriceVolume reached 7.9x its 50-day median on 2025-01-30; price +6.1% that day.
  5. DecResultsYear-on-year EPS growth turned positive.
  6. DecPriceRegained the 2021-08 peak, 21 months after the low.
  7. DecPeer rankMoved into the 2nd quartile of Technology Services on EPS growth (from the bottom quartile).
  8. NovPriceVolume reached 5.1x its 50-day median on 2024-11-19; price +11.1% that day.
  9. SepInstitutionsFII + DII holding fell 4.1 pts over 2 quarters to 72.2%.
  10. SepPriceVolume reached 36.4x its 50-day median on 2024-09-24; price +0.1% that day.
  11. AugValuationP/E crossed above the 90th percentile of its own history to date (278.1x).
  12. JunResultsRevenue (TTM) reached a new high of ₹490 cr.
  13. MayPriceVolume reached 32.4x its 50-day median on 2024-05-08; price +9.7% that day.
  14. MarPriceVolume reached 10.1x its 50-day median on 2024-03-07; price -0.8% that day.
  15. NovPriceVolume reached 37.4x its 50-day median on 2023-11-10; price +18.6% that day.
  16. JulPriceVolume reached 69.2x its 50-day median on 2023-07-11; price +14.1% that day.
  17. JunResultsEPS (TTM) turned positive.
  18. JunPriceVolume reached 44.1x its 50-day median on 2023-06-08; price +11.3% that day.
  19. MarPriceFell 78% from the Aug 2021 peak to the Mar 2023 low.
  20. MarPriceVolume reached 14.7x its 50-day median on 2023-03-02; price +5.4% that day.
  21. AugSharesShare count is up 200.0% over 12 months.
  22. JulPriceVolume reached 6.5x its 50-day median on 2022-07-29; price +3.2% 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 history64 months · 2021-08 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1155.9x₹807 cr9.5%12.0%0.1x
2026-1045.3x₹807 cr9.3%12.0%0.1x
2026-0960.0x₹807 cr9.3%12.0%0.1x
2026-0864.0x₹779 cr9.0%12.0%0.1x
2026-0758.2x₹779 cr9.0%12.0%0.1x
2026-0657.6x₹779 cr9.0%12.0%0.1x
2026-0541.3x₹746 cr9.0%8.0%0.1x
2026-0438.6x₹746 cr9.0%8.0%0.1x
2026-0339.2x₹746 cr9.0%8.0%0.1x
2026-0245.7x₹712 cr8.3%8.0%0.1x
2026-0167.3x₹712 cr8.3%8.0%0.1x
2025-1271.7x₹712 cr8.3%8.0%0.1x
2025-1194.3x₹673 cr7.0%8.0%0.1x
2025-1092.2x₹673 cr7.0%8.0%0.1x
2025-0974.8x₹673 cr7.0%8.0%0.1x
2025-0884.3x₹642 cr6.0%8.0%0.1x
2025-0776.9x₹642 cr6.0%8.0%0.1x
2025-0659.8x₹642 cr6.0%8.0%0.1x
2025-0563.6x₹617 cr5.5%4.0%0.1x
2025-0469.8x₹617 cr5.5%4.0%0.1x
2025-0367.4x₹617 cr5.5%4.0%0.1x
2025-02149.3x₹580 cr2.4%4.0%0.1x
2025-01161.3x₹580 cr2.4%4.0%0.1x
2024-12145.1x₹580 cr2.4%4.0%0.1x
2024-11271.7x₹546 cr1.3%4.0%0.1x
2024-10216.6x₹546 cr1.3%4.0%0.1x
2024-09193.3x₹546 cr1.3%4.0%0.1x
2024-08278.1x₹490 cr0.9%4.0%0.1x
2024-07284.5x₹490 cr0.9%4.0%0.1x
2024-06255.6x₹490 cr0.9%4.0%0.1x
2024-05119.8x₹364 cr1.8%3.0%0.0x
2024-0496.7x₹364 cr1.8%3.0%0.0x
2024-0387.9x₹364 cr1.8%3.0%0.0x
2024-02108.8x₹364 cr1.8%3.0%0.0x
2024-01100.5x₹364 cr1.8%3.0%0.0x
2023-1298.3x₹364 cr1.8%3.0%0.0x
2023-11105.5x₹364 cr1.8%3.0%0.0x
2023-1092.7x₹364 cr1.8%3.0%0.0x
2023-0975.8x₹364 cr1.8%3.0%0.0x
2023-0875.8x₹364 cr1.8%3.0%0.0x
2023-0769.1x₹364 cr1.8%3.0%0.0x
2023-0666.5x₹364 cr1.8%3.0%0.0x
2023-05—₹313 cr-5.6%-6.0%0.0x
2023-04—₹313 cr-5.6%-6.0%0.0x
2023-03—₹313 cr-5.6%-6.0%0.0x
2023-02—₹313 cr-5.6%-6.0%0.0x
2023-01—₹313 cr-5.6%-6.0%0.0x
2022-12—₹313 cr-5.6%-6.0%0.0x
2022-11—₹313 cr-5.6%-6.0%0.0x
2022-10—₹313 cr-5.6%-6.0%0.0x
2022-09—₹313 cr-5.6%-6.0%0.0x
2022-08—₹313 cr-5.6%-6.0%0.0x
2022-07—₹313 cr-5.6%-6.0%0.0x
2022-06—₹313 cr-5.6%-6.0%0.0x
2022-052.4x₹250 cr5.7%3.0%0.1x
2022-042.5x₹250 cr5.7%3.0%0.1x
2022-032.2x₹250 cr5.7%3.0%0.1x
2022-022.1x₹250 cr5.7%3.0%0.1x
2022-012.8x₹250 cr5.7%3.0%0.1x
2021-123.3x₹250 cr5.7%3.0%0.1x
2021-113.6x₹250 cr5.7%3.0%0.1x
2021-104.6x₹250 cr5.7%3.0%0.1x
2021-094.8x₹250 cr5.7%3.0%0.1x
2021-085.8x₹250 cr5.7%3.0%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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