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CENTRAL DEPOSITORY SER IND LTD (CDSL)

Finance · Investment Banks/Brokers · 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.80 / 100
Profitability 79Growth 62Balance 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.32 / 100
Price 70Earnings 17FII/DII 8

Passes these screensQuality CompounderDebt-light & profitableConsistent compounders

Compare withBSEBILLIONBRAINS GARAGE VENTURESMULTI COMMODITY EXCHANGE

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,356 latest close · +0.4% over the last 90 sessions

₹1,200₹1,300₹1,400Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,200₹1,300₹1,400Jul 3Sep 4Nov 9

₹1,356 month-end · −16.2% over 12 months

₹1,200₹1,400₹1,600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,200₹1,400₹1,600Nov '25May '26Nov '26

₹1,356 month-end · +43.2% over 3 years

₹1,000₹1,500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹1,000₹1,500Nov '23May '25Nov '26

₹1,356 month-end · +1144.0% since Jan '19

₹0₹500₹1,000₹1,500Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000₹1,500Jan '19Dec '22Nov '26

52-week range ₹1116.30 to ₹1673.70 · 1-year volatility 32.0%

Was the rally earned?

-16%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 68.3x to 60.1x); per-share earnings took off 4 points.
  • The share count barely moved.
Net profit growth: −4 pts. Points of the price return explained by net profit growing (or shrinking).−4 ptsNet profit growthP/E change: −12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−12 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −16%−16%Share priceNet profit growth: −4 pts. Points of the price return explained by net profit growing (or shrinking).−4ProfitP/E change: −12 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−12P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −16%−16%Share price
Net profit growth-4 ptsNet profit fell about 5%, which lowers the price.
P/E change-12 ptsThe P/E fell from 68.3x to 60.1x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+43%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 64 points, but investors now pay less per rupee of profit (P/E 71.7x to 60.1x), which took 21 points back.
  • The share count barely moved.
Net profit growth: +64 pts. Points of the price return explained by net profit growing (or shrinking).+64 ptsNet profit growthP/E change: −21 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−21 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +43%+43%Share priceNet profit growth: +64 pts. Points of the price return explained by net profit growing (or shrinking).+64ProfitP/E change: −21 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−21P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +43%+43%Share price
Net profit growth+64 ptsNet profit rose about 71%, which lifts the price.
P/E change-21 ptsThe P/E fell from 71.7x to 60.1x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+87%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 119 points, but investors now pay less per rupee of profit (P/E 75.7x to 60.1x), which took 32 points back.
  • The share count barely moved.
Net profit growth: +118 pts. Points of the price return explained by net profit growing (or shrinking).+118 ptsNet profit growthP/E change: −32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−32 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +87%+87%Share priceNet profit growth: +118 pts. Points of the price return explained by net profit growing (or shrinking).+118ProfitP/E change: −32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−32P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +87%+87%Share price
Net profit growth+118 ptsNet profit rose about 134%, which lifts the price.
P/E change-32 ptsThe P/E fell from 75.7x to 60.1x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

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

Compare this with BSE

How rough has the ride been?

Maximum drawdown-46.9%recovered 2023-11
1-year volatility32.0%annualised
Beta vs sector index1.253-year daily, correlation 0.59
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−45.5% 0%−20%−40%2020202220242026−45.5%
Largest drawdowns

-46.9% (2021-12 peak to 2023-03 low, recovered 2023-11)

-46.1% (2024-12 peak to 2025-03 low, not yet recovered)

-36.5% (2020-02 peak to 2020-03 low, recovered 2020-07)

Most recent volume spikes

2026-07-10: 5.4x the 50-day median, price +6.3% 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?

60.1xP/E todayWithin its usual range
Against its own history63rd percentile
CheapestMedian 54.6xDearest

Usual range 22.1x to 71.8x since 2019-01.

Against Finance60.1x vs 18.1x
This company
60.1x
Sector median
18.1x

232% above the Finance median.

9.5x38.8x68.1x97.4xJan '19Aug '20Mar '22Oct '23May '25Nov '269.5x38.8x68.1x97.4xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

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

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

All terms explained in the glossary →

How Finance is valued

Where does it rank among Finance peers?

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

Where it ranks today

  • ROCE91st▼ 3 pts vs a year ago
  • Op. margin67th▲ 3 pts vs a year ago
  • Revenue growth44th▼ 23 pts vs a year ago
  • EPS growth40th▼ 14 pts vs a year ago
  • Debt/equity ↓77thflat vs a year ago
  • Cash cycle ↓58thflat vs a year ago
  • P/E ↓13th▼ 6 pts vs a year ago
  • 12M momentum51st▼ 24 pts vs a year ago

Rank history

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

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

The Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~28%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 71.2x, a holder earning 12%/yr needs earnings to grow about 28.4%/yr for 10 years, then trade at 15x.

Delivered24.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+3.9 ptsimplied minus delivered
Rank458thmost demanding of 856

Over time

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

0%19%38% Jan 2019Nov 2026 0%19%38% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x29.7%30.9%32.0%
15x27.2%28.4%29.5%
20x24.0%25.1%26.2%

Drag a slider to test other assumptions

Implied: 28.4%/yr

Looking back

  • Jan 2020Price implied 19%/yr; EPS has since grown 22%/yr (7.0 yrs)
  • Jan 2021Price implied 25%/yr; EPS has since grown 28%/yr (6.0 yrs)
  • Jan 2022Price implied 37%/yr; EPS has since grown 18%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹1356.00
P/E
60.1x
ROCE
32.0%
Market Cap
₹28341 cr
Revenue (TTM)
₹1179 cr
P/S
24.0x
P/B
14.5x
ROE
24.0%
Operating Margin
47.0%
Debt / Equity
0.0x
Promoter Holding
15.0%
12M Momentum
-16.2%

52-week range

₹1116.30₹1673.70
43% of the way from its 52-week low to its high

Price risk

1Y volatility
32.0%
Beta vs sector
1-year daily
1.26

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
1.00x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 6checks within range1 near a threshold
Other income reliance17%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 16.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate23%Within range

Median quarterly effective tax rate over about 2.5 years: 23.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.00xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.00x (cash from operations ₹1,396 cr, net profit ₹1,401 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-4 daysWithin range

Debtor days are below the median of the previous three fiscal years by 4 days (21 vs 25). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% 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 7.0 pts; DIIs trimmed 6.6 pts.
  • The number of shareholders rose from 8.1 lakh to 15.2 lakh (+88%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters15.0%15.0%0.0 pts
FIIs15.3%8.2%-7.0 pts
DIIs21.8%15.2%-6.6 pts
Public and others47.9%61.6%+13.6 pts

Number of shareholders

15.2 lakhshareholders+88% since Sep '23
7.8L10.3L12.8L15.3L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 8.1 lakh
Dec '23: 7.8 lakh
Mar '24: 8.4 lakh
Jun '24: 8.3 lakh
Sep '24: 11.0 lakh
Dec '24: 11.7 lakh
Mar '25: 15.3 lakh
Jun '25: 15.0 lakh
Sep '25: 15.1 lakh
Dec '25: 14.6 lakh
Mar '26: 15.1 lakh
Jun '26: 15.2 lakh
 7.8L10.3L12.8L15.3L Sep '23Sep '24Sep '25Jun '26
Sep '23: 8.1 lakh
Dec '23: 7.8 lakh
Mar '24: 8.4 lakh
Jun '24: 8.3 lakh
Sep '24: 11.0 lakh
Dec '24: 11.7 lakh
Mar '25: 15.3 lakh
Jun '25: 15.0 lakh
Sep '25: 15.1 lakh
Dec '25: 14.6 lakh
Mar '26: 15.1 lakh
Jun '26: 15.2 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

−14.7%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like CENTRAL DEPOSITORY SER IND 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 −24% to +3% vs the market, against +2% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −16.8%, 80% range −22.2% to −13.0%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%
GLAND · Jun 2022: −67.2% vs market
SUMICHEM · Mar 2023: −45.1% vs market
MAPMYINDIA · Aug 2025: −42.7% vs market
CLEAN · Mar 2025: −42.2% vs market
AETHER · Jul 2023: −41.6% vs market
IRCTC · Sep 2025: −35.3% vs market
WHIRLPOOL · Oct 2020: −34.7% vs market
EICHERMOT · Nov 2020: −33.7% vs market
RELAXO · Jan 2022: −32.9% vs market
VSTIND · Aug 2024: −29.8% vs market
PGHH · Nov 2023: −28.7% vs market
KANSAINER · Dec 2020: −27.9% vs market
3MINDIA · Aug 2020: −24.4% vs market
HONAUT · Feb 2021: −24.2% vs market
AIAENG · Jul 2020: −22.8% vs market
INDIAMART · Jan 2023: −20.1% vs market
ICRA · Jun 2020: −19.8% vs market
GLAXO · Feb 2020: −17.9% vs market
DIVISLAB · Jun 2022: −17.8% vs market
PGHL · Jul 2020: −17.7% vs market
PIIND · Jul 2023: −16.9% vs market
BOSCHLTD · Mar 2020: −16.6% vs market
SONACOMS · May 2023: −16.3% vs market
PFIZER · Aug 2025: −15.6% vs market
GILLETTE · Oct 2025: −15.3% vs market
INGERRAND · May 2024: −14.2% vs market
UBL · Jan 2020: −13.6% vs market
SAREGAMA · Jul 2022: −12.1% vs market
ATUL · Apr 2021: −10.5% vs market
LALPATHLAB · Feb 2021: −8.9% vs market
SCHAEFFLER · May 2024: −6.0% vs market
GRINDWELL · Nov 2022: −4.6% vs market
VGUARD · Jun 2020: −4.5% vs market
ERIS · Nov 2020: −2.2% vs market
LAOPALA · Jul 2020: −1.5% vs market
PIDILITIND · Aug 2020: +2.1% vs market
VINATIORGA · Jul 2021: +2.5% vs market
HAVELLS · Jun 2020: +3.5% vs market
ABBOTINDIA · Jul 2022: +4.8% vs market
IEX · Jun 2024: +4.8% vs market
TTKPRESTIG · Jun 2020: +5.9% vs market
ASTRAZEN · Nov 2023: +6.5% vs market
CGPOWER · Aug 2024: +8.2% vs market
ASTRAL · Aug 2022: +13.5% vs market
NAVINFLUOR · Sep 2021: +21.5% vs market
OFSS · Jun 2025: +23.1% vs market
CRISIL · Feb 2021: +23.2% vs market
AMRUTANJAN · Dec 2020: +38.2% vs market
COHANCE · Mar 2024: +64.1% vs market
HINDCOPPER · Jun 2025: +79.1% vs market
Similar setups −14.7%All companies +2.1%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−14.7%
All companies' median
+2.1%
Beat the market
30% vs 52%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
VINATIORGA
Process Industries		 Jul 2021 76x24% +102%−3% +3%
CLEAN
Process Industries		 Mar 2025 48x29% −12%−29% −42%
PFIZER
Health Technology		 Aug 2025 51x27% −15%−18% −16%
3MINDIA
Producer Manufacturing		 Aug 2020 71x27% 0%−18% −24%
GRINDWELL
Process Industries		 Nov 2022 72x26% +19%−17% −5%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
HONAUT
Electronic Technology		 Feb 2021 81x35% +36%−4% −24%
EICHERMOT
Consumer Durables		 Nov 2020 38x25% +11%−6% −34%
SUMICHEM
Process Industries		 Mar 2023 50x33% −5%−20% −45%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/E. Not used (unavailable for this company): interest cover. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to CENTRAL DEPOSITORY SER IND 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.

KFIN TECHNOLOGIESKFINTECH
Technology Services
84%similar
EPS growthpromoter holding
COMPUTER AGE MANAGEMENT SERVCAMS
Technology Services
73%similar
EPS growthoperating margin
NEULAND LABORATORIESNEULANDLAB
Health Technology
61%similar
market caprevenue growth
S.J.S. ENTERPRISESSJS
Producer Manufacturing
61%similar
promoter holdingrevenue growth
ZEN TECHNOLOGIESZENTEC
Technology Services
54%similar
debt/equityrevenue growth
ANAND RATHI WEALTHANANDRATHI
Finance
68%similar
revenuerevenue growth
PRUDENT CORPORATE ADVISORYPRUDENT
Finance
61%similar
revenue growthROCE
HDFC ASSET MANAGEMENT COHDFCAMC
Finance
58%similar
volatilitydebt/equity

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

What changed?

30 events since Jun '22

  1. SepInstitutionsFII + DII holding fell 4.1 pts over 2 quarters to 23.4%.
  2. JulPriceVolume reached 5.4x its 50-day median on 2026-07-10; price +6.3% that day.
  3. JunPriceVolume reached 5.1x its 50-day median on 2026-06-18; price +4.6% that day.
  4. MarResultsRevenue (TTM) reached a new high of ₹1,106 cr.
  5. DecResultsYear-on-year EPS growth turned negative.
  6. DecPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
  7. JunInstitutionsFII + DII holding fell 9.5 pts over 1 quarter to 26.8%.
  8. JunPeer rankSlipped to the 2nd quartile of Finance on operating margin (from the top quartile).
Show 22 earlier events
  1. MarPriceFell 46% from the Dec 2024 peak to the Mar 2025 low.
  2. MarPeer rankMoved into the top quartile of Finance on operating margin (from the 2nd quartile).
  3. DecPeer rankSlipped to the 2nd quartile of Finance on operating margin (from the top quartile).
  4. OctPriceVolume reached 6.0x its 50-day median on 2024-10-14; price +6.9% that day.
  5. AugPriceVolume reached 9.2x its 50-day median on 2024-08-23; price +8.2% that day.
  6. JunResultsYear-on-year EPS growth turned positive.
  7. JunInstitutionsFII + DII holding fell 5.0 pts over 1 quarter to 34.5%.
  8. JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
  9. JunPriceVolume reached 22.5x its 50-day median on 2024-06-28; price +19.0% that day.
  10. MarPriceVolume reached 31.4x its 50-day median on 2024-03-27; price -5.8% that day.
  11. FebValuationP/E crossed above the 90th percentile of its own history to date (72.6x).
  12. FebPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
  13. NovPriceRegained the 2021-12 peak, 8 months after the low.
  14. NovPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
  15. OctPriceVolume reached 9.0x its 50-day median on 2023-10-31; price +6.0% that day.
  16. SepPriceVolume reached 19.2x its 50-day median on 2023-09-11; price +8.5% that day.
  17. JunResultsYear-on-year EPS growth turned negative.
  18. JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
  19. JunPriceVolume reached 33.9x its 50-day median on 2023-06-14; price -3.2% that day.
  20. MarPriceFell 47% from the Dec 2021 peak to the Mar 2023 low.
  21. SepPriceVolume reached 10.8x its 50-day median on 2022-09-07; price +5.8% that day.
  22. JunResultsRevenue (TTM) reached a new high of ₹551 cr.

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
2026-1160.1x₹1179 cr24.0%32.0%0.0x
2026-1056.0x₹1179 cr24.0%32.0%0.0x
2026-0956.1x₹1179 cr24.0%32.0%0.0x
2026-0864.2x₹1145 cr23.2%32.0%0.0x
2026-0761.1x₹1145 cr23.2%32.0%0.0x
2026-0659.8x₹1145 cr23.2%32.0%0.0x
2026-0554.6x₹1106 cr27.0%42.0%0.0x
2026-0455.8x₹1106 cr27.0%42.0%0.0x
2026-0349.1x₹1106 cr27.0%42.0%0.0x
2026-0256.2x₹1080 cr26.8%42.0%0.0x
2026-0158.3x₹1080 cr26.8%42.0%0.0x
2025-1263.8x₹1080 cr26.8%42.0%0.0x
2025-1168.3x₹1083 cr28.1%42.0%0.0x
2025-1067.1x₹1083 cr28.1%42.0%0.0x
2025-0961.6x₹1083 cr28.1%42.0%0.0x
2025-0856.5x₹1081 cr29.9%42.0%0.0x
2025-0758.8x₹1081 cr29.9%42.0%0.0x
2025-0671.2x₹1081 cr29.9%42.0%0.0x
2025-0557.6x₹1098 cr37.9%40.0%0.0x
2025-0449.7x₹1098 cr37.9%40.0%0.0x
2025-0345.9x₹1098 cr37.9%40.0%0.0x
2025-0243.5x₹1034 cr36.4%40.0%0.0x
2025-0151.4x₹1034 cr36.4%40.0%0.0x
2024-1269.0x₹1034 cr36.4%40.0%0.0x
2024-1171.4x₹919 cr32.7%40.0%0.0x
2024-1067.4x₹919 cr32.7%40.0%0.0x
2024-0962.6x₹919 cr32.7%40.0%0.0x
2024-0871.6x₹812 cr28.7%40.0%0.0x
2024-0762.4x₹812 cr28.7%40.0%0.0x
2024-0659.5x₹812 cr28.7%40.0%0.0x
2024-0578.8x₹555 cr22.8%30.0%0.0x
2024-0479.9x₹555 cr22.8%30.0%0.0x
2024-0364.8x₹555 cr22.8%30.0%0.0x
2024-0272.6x₹555 cr22.8%30.0%0.0x
2024-0167.2x₹555 cr22.8%30.0%0.0x
2023-1269.1x₹555 cr22.8%30.0%0.0x
2023-1171.7x₹555 cr22.8%30.0%0.0x
2023-1055.2x₹555 cr22.8%30.0%0.0x
2023-0951.5x₹555 cr22.8%30.0%0.0x
2023-0843.1x₹555 cr22.8%30.0%0.0x
2023-0746.6x₹555 cr22.8%30.0%0.0x
2023-0642.1x₹555 cr22.8%30.0%0.0x
2023-0534.9x₹551 cr28.6%40.0%0.0x
2023-0433.8x₹551 cr28.6%40.0%0.0x
2023-0330.5x₹551 cr28.6%40.0%0.0x
2023-0233.2x₹551 cr28.6%40.0%0.0x
2023-0135.0x₹551 cr28.6%40.0%0.0x
2022-1237.5x₹551 cr28.6%40.0%0.0x
2022-1141.6x₹551 cr28.6%40.0%0.0x
2022-1041.1x₹551 cr28.6%40.0%0.0x
2022-0941.8x₹551 cr28.6%40.0%0.0x
2022-0841.9x₹551 cr28.6%40.0%0.0x
2022-0737.8x₹551 cr28.6%40.0%0.0x
2022-0637.4x₹551 cr28.6%40.0%0.0x
2022-0565.6x₹344 cr22.9%31.0%0.0x
2022-0471.9x₹344 cr22.9%31.0%0.0x
2022-0377.2x₹344 cr22.9%31.0%0.0x
2022-0270.6x₹344 cr22.9%31.0%0.0x
2022-0178.5x₹344 cr22.9%31.0%0.0x
2021-1278.2x₹344 cr22.9%31.0%0.0x

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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