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CRISIL LIMITED (CRISIL)

Commercial Services · Financial Publishing/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.77 / 100
Profitability 84Growth 57Balance sheet 90
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.46 / 100
Price 52Earnings 60FII/DII 27
Compare withCARE RATINGSICRABEACON TRUSTEESHIP

Share price

Closing priceAdjusted for splits and bonus issues.

₹4,389.6 latest close · +9.3% over the last 90 sessions

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

₹4,389.6 month-end · −0.8% over 12 months

₹4,000₹4,500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹4,000₹4,500Nov '25May '26Nov '26

₹4,389.6 month-end · +2.7% over 3 years

₹4,000₹5,000₹6,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹4,000₹5,000₹6,000Nov '23May '25Nov '26

₹4,389.6 month-end · +166.3% since Jan '19

₹2,000₹4,000₹6,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹2,000₹4,000₹6,000Jan '19Dec '22Nov '26

52-week range ₹3686.00 to ₹4894.60 · 1-year volatility 27.0%

Was the rally earned?

-1%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (-1%).
  • The share count barely moved.
Net profit growth: +19 pts. Points of the price return explained by net profit growing (or shrinking).+19 ptsNet profit growthP/E change: −20 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−20 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: −1%−1%Share priceNet profit growth: +19 pts. Points of the price return explained by net profit growing (or shrinking).+19ProfitP/E change: −20 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−20P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −1%−1%Share price
Net profit growth+19 ptsNet profit rose about 21%, which lifts the price.
P/E change-20 ptsThe P/E fell from 44.5x to 36.3x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+3%share price, 3 yearsRoughly flat
  • The share price was roughly flat over 3 years (+3%).
  • The share count barely moved.
Net profit growth: +46 pts. Points of the price return explained by net profit growing (or shrinking).+46 ptsNet profit growthP/E change: −43 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−43 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: +3%+3%Share priceNet profit growth: +46 pts. Points of the price return explained by net profit growing (or shrinking).+46ProfitP/E change: −43 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−43P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +3%+3%Share price
Net profit growth+46 ptsNet profit rose about 57%, which lifts the price.
P/E change-43 ptsThe P/E fell from 55.3x to 36.3x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+41%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 108 points, but investors now pay less per rupee of profit (P/E 63.8x to 36.3x), which took 67 points back.
  • The share count barely moved.
Net profit growth: +109 pts. Points of the price return explained by net profit growing (or shrinking).+109 ptsNet profit growthP/E change: −67 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−67 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: +41%+41%Share priceNet profit growth: +109 pts. Points of the price return explained by net profit growing (or shrinking).+109ProfitP/E change: −67 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−67P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +41%+41%Share price
Net profit growth+109 ptsNet profit rose about 149%, which lifts the price.
P/E change-67 ptsThe P/E fell from 63.8x to 36.3x, which lowers the price.
Share count change-1 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 CARE RATINGS

How rough has the ride been?

Maximum drawdown-44.3%not yet recovered
1-year volatility27.0%annualised
Beta vs sector index0.363-year daily, correlation 0.26
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−44.3% 0%−20%−40%2020202220242026−44.3%
Largest drawdowns

-44.3% (2024-12 peak to 2026-04 low, not yet recovered)

-41.8% (2019-12 peak to 2020-03 low, recovered 2020-10)

-31.2% (2019-01 peak to 2019-08 low, recovered 2019-12)

Most recent volume spikes

2026-10-26: 8x the 50-day median, price +0.6% that day

2026-10-22: 6.1x the 50-day median, price +4.2% that day

2026-07-22: 10.8x the 50-day median, price +4.5% 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?

36.3xP/E todayWithin its usual range
Against its own history21st percentile
CheapestMedian 46.6xDearest

Usual range 29.8x to 57.5x since 2019-01.

Against Commercial Services36.3x vs 21.1x
This company
36.3x
Sector median
21.1x

72% above the Commercial Services median.

10.3x31.1x51.9x72.7xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.3x31.1x51.9x72.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianCommercial Services median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

Where does it rank among Commercial Services peers?

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

  • ROCE92ndflat vs a year ago
  • Op. margin84thflat vs a year ago
  • Revenue growth67th▲ 34 pts vs a year ago
  • EPS growth64th▲ 7 pts vs a year ago
  • Debt/equity ↓67th▼ 6 pts vs a year ago
  • Cash cycle ↓56th▼ 12 pts vs a year ago
  • P/E ↓18th▼ 7 pts vs a year ago
  • 12M momentum74th▲ 14 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 Commercial Services sector page Watch it move against Commercial Services in the Observatory

What is the price implying?

~19%annual earnings growth implied by the priceAbove delivered growth

At P/E of 36.3x, a holder earning 12%/yr needs earnings to grow about 19.1%/yr for 10 years, then trade at 15x.

Delivered13.0%/yrEPS, last 9 fiscal years · fitted trend
Gap+6.1 ptsimplied minus delivered
Rank405thmost demanding of 856

Over time

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

0%14%28% Jan 2019Nov 2026 0%14%28% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x20.3%21.3%22.4%
15x18.0%19.1%20.2%
20x15.2%16.2%17.2%

Drag a slider to test other assumptions

Implied: 19.1%/yr

“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 Commercial Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹4389.60
P/E
36.3x
Market Cap
₹32098 cr
Revenue (TTM)
₹4126 cr
P/S
7.8x
P/B
9.8x
ROE
27.0%
Operating Margin
29.0%
Debt / Equity
0.1x
Promoter Holding
66.6%
12M Momentum
-0.8%

52-week range

₹3686.00₹4894.60
58% of the way from its 52-week low to its high

Price risk

1Y volatility
27.0%
Beta vs sector
1-year daily
0.42

Balance sheet & cash

Interest cover
operating profit ÷ interest
48.1x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.09x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 5checks within rangeAll clear
Other income reliance10%Within range

Other income as a share of pre-tax profit (trailing twelve months): 10.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. 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 ₹2,301 cr, net profit ₹2,108 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—Not enough data

Not enough reported data to compute this.

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 0.9 pts.
  • The number of shareholders rose from 43,145 to 88,482 (+105%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters66.7%66.6%0.0 pts
FIIs7.3%6.4%-0.9 pts
DIIs13.1%12.9%-0.1 pts
Public and others13.0%14.0%+1.0 pts

Number of shareholders

88,482shareholders+105% since Sep '23
43k58k73k88k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 43,145
Dec '23: 46,428
Mar '24: 49,675
Jun '24: 58,612
Sep '24: 57,736
Dec '24: 56,843
Mar '25: 62,095
Jun '25: 68,832
Sep '25: 74,565
Dec '25: 81,642
Mar '26: 81,755
Jun '26: 88,482
 43k58k73k88k Sep '23Sep '24Sep '25Jun '26
Sep '23: 43,145
Dec '23: 46,428
Mar '24: 49,675
Jun '24: 58,612
Sep '24: 57,736
Dec '24: 56,843
Mar '25: 62,095
Jun '25: 68,832
Sep '25: 74,565
Dec '25: 81,642
Mar '26: 81,755
Jun '26: 88,482

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

−5.4%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like CRISIL LIMITED today on valuation, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −18% to +9% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−0.6%, 80% range −7.4% to +1.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%
MPHASIS · Mar 2022: −44.8% vs market
SYNGENE · Mar 2025: −44.8% vs market
NATCOPHARM · Jun 2021: −42.5% vs market
VINATIORGA · Jun 2025: −32.5% vs market
IGL · Nov 2020: −30.9% vs market
SONACOMS · Nov 2024: −26.6% vs market
EMAMILTD · Aug 2021: −24.3% vs market
BALKRISIND · Oct 2021: −23.1% vs market
EIHOTEL · Oct 2025: −22.4% vs market
ABBOTINDIA · Aug 2025: −22.0% vs market
PIIND · Apr 2025: −21.3% vs market
AIAENG · Aug 2023: −21.1% vs market
GRINDWELL · Jun 2023: −18.2% vs market
TTKPRESTIG · Mar 2020: −17.1% vs market
MANKIND · Feb 2025: −16.9% vs market
KAJARIACER · Dec 2021: −13.3% vs market
GARFIBRES · Jul 2021: −11.3% vs market
PAGEIND · Sep 2025: −11.1% vs market
LTTS · Jan 2024: −9.7% vs market
UNITDSPR · Sep 2024: −9.7% vs market
KIMS · Apr 2023: −8.9% vs market
ERIS · Mar 2020: −8.8% vs market
ALKEM · Dec 2020: −8.3% vs market
3MINDIA · Jul 2023: −7.9% vs market
HAPPYFORGE · Jan 2025: −5.5% vs market
JLHL · Jun 2025: −5.3% vs market
SUMICHEM · Apr 2022: −4.9% vs market
CARBORUNIV · Jul 2023: −3.8% vs market
MARICO · Feb 2022: −3.5% vs market
AFFLE · Jan 2025: −3.3% vs market
GALAXYSURF · Aug 2021: −3.2% vs market
CERA · May 2020: −2.4% vs market
JBCHEPHARM · Jul 2024: −2.1% vs market
BIKAJI · Jun 2024: +1.3% vs market
SUPREMEIND · Sep 2020: +1.9% vs market
CROMPTON · Nov 2020: +4.1% vs market
RAMCOCEM · Mar 2020: +8.7% vs market
VOLTAS · Sep 2020: +9.4% vs market
AJANTPHARM · Mar 2025: +9.9% vs market
HAVELLS · Apr 2020: +10.0% vs market
ATUL · Jan 2021: +10.3% vs market
CAMS · Jun 2024: +16.3% vs market
INGERRAND · Aug 2025: +18.2% vs market
ZYDUSWELL · Aug 2025: +22.0% vs market
CUMMINSIND · Sep 2022: +22.2% vs market
SFL · Jan 2021: +22.8% vs market
LALPATHLAB · Oct 2025: +28.5% vs market
EICHERMOT · May 2025: +31.6% vs market
PERSISTENT · Jun 2024: +39.5% vs market
INOXINDIA · Aug 2025: +77.1% vs market
Similar setups −5.4%All companies −4.8%← 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
−5.4%
All companies' median
−4.8%
Beat the market
34% vs 45%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
LALPATHLAB
Health Services		 Oct 2025 51x29% +1%−10% +29%
AIAENG
Producer Manufacturing		 Aug 2023 33x25% +42%0% −21%
CUMMINSIND
Producer Manufacturing		 Sep 2022 36x21% +21%−5% +22%
LTTS
Technology Services		 Jan 2024 50x33% +67%0% −10%
VINATIORGA
Process Industries		 Jun 2025 51x20% +4%−15% −33%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
EMAMILTD
Consumer Non-Durables		 Aug 2021 58x29% +67%−2% −24%
CROMPTON
Producer Manufacturing		 Nov 2020 39x35% +20%−1% +4%
INOXINDIA
Producer Manufacturing		 Aug 2025 45x38% −5%−12% +77%
How reliable is this?

Matched on P/E, P/S, 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. Not used (unavailable for this company): ROCE. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 CRISIL 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.

AJANTA PHARMAAJANTPHARM
Health Technology
81%similar
P/Evolatility
INDIAN RAIL CAT AND TOUR IRCTCIRCTC
Consumer Services
75%similar
market capoperating margin
OBEROI REALTYOBEROIRLTY
Finance
75%similar
revenue growthvolatility
CAPLIN POINT LABORATORIESCAPLIPOINT
Health Technology
71%similar
revenue growthoperating margin
ABBOTT INDIAABBOTINDIA
Health Technology
67%similar
operating marginP/E
ICRAICRA
Commercial Services
33%similar
EPS growthoperating margin
INTL GEMOLOGICAL INSTITUTEIGIL
Commercial Services
33%similar
debt/equitymarket cap
ECLERX SERVICESECLERX
Commercial Services
31%similar
EPS growthrevenue

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

What changed?

30 events since Aug '22

  1. OctPriceVolume reached 8.0x its 50-day median on 2026-10-26; price +0.6% that day.
  2. JulPriceVolume reached 10.8x its 50-day median on 2026-07-22; price +4.5% that day.
  3. AprPriceFell 44% from the Dec 2024 peak to the Apr 2026 low.
  4. AprPriceVolume reached 9.8x its 50-day median on 2026-04-17; price +5.1% that day.
  5. JanPriceVolume reached 8.7x its 50-day median on 2026-01-06; price +5.1% that day.
  6. JunResultsRevenue (TTM) reached a new high of ₹3,335 cr.
  7. JunValuationP/E crossed above the 90th percentile of its own history to date (62.6x).
  8. JunPeer rankMoved into the 2nd quartile of Commercial Services on EPS growth (from the 3rd quartile).
Show 22 earlier events
  1. MayPriceVolume reached 11.8x its 50-day median on 2025-05-02; price +4.8% that day.
  2. MarPeer rankSlipped to the 3rd quartile of Commercial Services on EPS growth (from the 2nd quartile).
  3. FebPriceVolume reached 10.9x its 50-day median on 2025-02-11; price +4.7% that day.
  4. OctValuationP/E crossed above the 90th percentile of its own history to date (61.6x).
  5. OctPriceVolume reached 33.6x its 50-day median on 2024-10-17; price -0.5% that day.
  6. SepResultsRevenue (TTM) reached a new high of ₹3,189 cr.
  7. JulPriceVolume reached 9.0x its 50-day median on 2024-07-15; price +4.4% that day.
  8. JunPeer rankMoved into the 2nd quartile of Commercial Services on EPS growth (from the 3rd quartile).
  9. AprPriceVolume reached 5.2x its 50-day median on 2024-04-26; price +2.7% that day.
  10. MarResultsRevenue (TTM) reached a new high of ₹3,140 cr.
  11. MarPeer rankSlipped to the 3rd quartile of Commercial Services on EPS growth (from the 2nd quartile).
  12. FebValuationP/E crossed above the 90th percentile of its own history to date (64.9x).
  13. FebPriceVolume reached 29.5x its 50-day median on 2024-02-19; price +9.1% that day.
  14. OctPriceVolume reached 10.9x its 50-day median on 2023-10-09; price +1.4% that day.
  15. AugPriceVolume reached 7.1x its 50-day median on 2023-08-11; price +1.0% that day.
  16. MayPriceRegained the 2022-05 peak, 5 months after the low.
  17. AprPriceVolume reached 8.1x its 50-day median on 2023-04-17; price +0.7% that day.
  18. MarResultsRevenue (TTM) reached a new high of ₹2,769 cr.
  19. DecPriceFell 26% from the May 2022 peak to the Dec 2022 low.
  20. DecPriceVolume reached 5.5x its 50-day median on 2022-12-29; price +5.0% that day.
  21. NovPeer rankMoved into the 2nd quartile of Commercial Services on EPS growth (from the 3rd quartile).
  22. AugPriceVolume reached 9.6x its 50-day median on 2022-08-23; price +2.7% 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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1136.3x₹4126 cr27.0%—0.1x
2026-1037.3x₹4126 cr27.0%—0.1x
2026-0936.8x₹4126 cr27.0%—0.1x
2026-0842.0x₹3894 cr27.7%33.0%0.1x
2026-0738.0x₹3894 cr27.7%33.0%0.1x
2026-0635.5x₹3894 cr27.7%33.0%0.1x
2026-0537.7x₹3649 cr25.3%33.0%0.1x
2026-0440.9x₹3649 cr25.3%33.0%0.1x
2026-0335.9x₹3649 cr25.3%33.0%0.1x
2026-0242.7x₹3480 cr29.2%34.0%0.1x
2026-0145.5x₹3480 cr29.2%34.0%0.1x
2025-1242.2x₹3480 cr29.2%34.0%0.1x
2025-1144.5x₹3381 cr28.4%34.0%0.1x
2025-1049.5x₹3381 cr28.4%34.0%0.1x
2025-0944.6x₹3381 cr28.4%34.0%0.1x
2025-0851.6x₹3335 cr27.6%34.0%0.1x
2025-0754.9x₹3335 cr27.6%34.0%0.1x
2025-0662.6x₹3335 cr27.6%34.0%0.1x
2025-0556.1x₹3260 cr26.7%34.0%0.1x
2025-0447.6x₹3260 cr26.7%34.0%0.1x
2025-0344.7x₹3260 cr26.7%34.0%0.1x
2025-0247.9x₹3265 cr30.6%41.0%0.0x
2025-0159.3x₹3265 cr30.6%41.0%0.0x
2024-1272.7x₹3265 cr30.6%41.0%0.0x
2024-1160.3x₹3189 cr29.7%41.0%0.0x
2024-1061.6x₹3189 cr29.7%41.0%0.0x
2024-0952.4x₹3189 cr29.7%41.0%0.0x
2024-0849.5x₹3140 cr30.1%41.0%0.0x
2024-0748.7x₹3140 cr30.1%41.0%0.0x
2024-0647.2x₹3140 cr30.1%41.0%0.0x
2024-0545.6x₹3140 cr30.1%41.0%0.0x
2024-0448.4x₹3140 cr30.1%41.0%0.0x
2024-0356.3x₹3140 cr30.1%41.0%0.0x
2024-0264.9x₹2769 cr31.5%41.0%0.0x
2024-0153.0x₹2769 cr31.5%41.0%0.0x
2023-1256.1x₹2769 cr31.5%41.0%0.0x
2023-1155.3x₹2769 cr31.5%41.0%0.0x
2023-1053.0x₹2769 cr31.5%41.0%0.0x
2023-0950.8x₹2769 cr31.5%41.0%0.0x
2023-0851.4x₹2769 cr31.5%41.0%0.0x
2023-0750.7x₹2769 cr31.5%41.0%0.0x
2023-0650.5x₹2769 cr31.5%41.0%0.0x
2023-0549.2x₹2769 cr31.5%41.0%0.0x
2023-0446.6x₹2769 cr31.5%41.0%0.0x
2023-0341.7x₹2769 cr31.5%41.0%0.0x
2023-0253.0x₹2301 cr29.5%38.0%0.1x
2023-0149.2x₹2301 cr29.5%38.0%0.1x
2022-1248.0x₹2301 cr29.5%38.0%0.1x
2022-1145.8x₹2301 cr29.5%38.0%0.1x
2022-1046.9x₹2301 cr29.5%38.0%0.1x
2022-0951.1x₹2301 cr29.5%38.0%0.1x
2022-0851.4x₹2301 cr29.5%38.0%0.1x
2022-0748.9x₹2301 cr29.5%38.0%0.1x
2022-0651.4x₹2301 cr29.5%38.0%0.1x
2022-0553.3x₹2301 cr29.5%38.0%0.1x
2022-0457.6x₹2301 cr29.5%38.0%0.1x
2022-0351.6x₹2301 cr29.5%38.0%0.1x
2022-0258.9x₹1982 cr27.1%37.0%0.0x
2022-0157.2x₹1982 cr27.1%37.0%0.0x
2021-1259.0x₹1982 cr27.1%37.0%0.0x
2021-1163.8x₹1982 cr27.1%37.0%0.0x
2021-1057.3x₹1982 cr27.1%37.0%0.0x
2021-0955.6x₹1982 cr27.1%37.0%0.0x
2021-0855.9x₹1982 cr27.1%37.0%0.0x
2021-0757.0x₹1982 cr27.1%37.0%0.0x
2021-0652.0x₹1982 cr27.1%37.0%0.0x
2021-0539.7x₹1982 cr27.1%37.0%0.0x
2021-0438.0x₹1982 cr27.1%37.0%0.0x
2021-0337.6x₹1982 cr27.1%37.0%0.0x
2021-0240.9x₹1732 cr29.4%42.0%0.0x
2021-0140.0x₹1732 cr29.4%42.0%0.0x
2020-1240.4x₹1732 cr29.4%42.0%0.0x
2020-1141.5x₹1732 cr29.4%42.0%0.0x
2020-1043.4x₹1732 cr29.4%42.0%0.0x
2020-0937.4x₹1732 cr29.4%42.0%0.0x
2020-0836.8x₹1732 cr29.4%42.0%0.0x
2020-0735.2x₹1732 cr29.4%42.0%0.0x
2020-0634.0x₹1732 cr29.4%42.0%0.0x
2020-0529.1x₹1732 cr29.4%42.0%0.0x
2020-0430.8x₹1732 cr29.4%42.0%0.0x
2020-0326.4x₹1732 cr29.4%42.0%0.0x
2020-0230.2x₹1748 cr32.0%45.0%0.0x
2020-0133.8x₹1748 cr32.0%45.0%0.0x
2019-1237.9x₹1748 cr32.0%45.0%0.0x
2019-1131.7x₹1748 cr32.0%45.0%0.0x
2019-1029.0x₹1748 cr32.0%45.0%0.0x
2019-0927.2x₹1748 cr32.0%45.0%0.0x
2019-0825.5x₹1748 cr32.0%45.0%0.0x
2019-0725.8x₹1748 cr32.0%45.0%0.0x
2019-0629.5x₹1748 cr32.0%45.0%0.0x
2019-0529.0x₹1748 cr32.0%45.0%0.0x
2019-0428.5x₹1748 cr32.0%45.0%0.0x
2019-0329.0x₹1748 cr32.0%45.0%0.0x
2019-0234.3x₹1658 cr29.0%41.0%0.0x
2019-0138.8x₹1658 cr29.0%41.0%0.0x

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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