DILIP BUILDCON LIMITED (DBL): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹401.1 latest close · −9.2% over the last 90 sessions

₹401.1 month-end · −16.0% over 12 months

₹401.1 month-end · +1.5% over 3 years

₹401.1 month-end · +24.9% since Jan '19

52-week range ₹352.80 to ₹528.25 · 1-year volatility 35.3%

Was the rally earned?

1 year3 years

-16%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 35 points, but investors now pay less per rupee of profit (P/E 9.6x to 5.5x), which took 51 points back.
The share count fell 12%.

Net profit growth+24 ptsNet profit rose about 29%, which lifts the price.

P/E change-51 ptsThe P/E fell from 9.6x to 5.5x, which lowers the price.

Share count change+12 ptsShare count fell 12%, which lifts the price.

+2%share price, 3 yearsRoughly flat

The share price was roughly flat over 3 years (+2%).
The share count rose 11%.

Net profit growth+726 ptsNet profit rose about 134795%, which lifts the price.

P/E change-714 ptsThe P/E fell from 6589.2x to 5.5x, which lowers the price.

Share count change-10 ptsShare count rose 11%, which lowers the price.

What do "pts" mean?

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

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

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

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

Compare this with LARSEN AND TOUBRO

How rough has the ride been?

Maximum drawdown-77.7%not yet recovered

1-year volatility35.3%annualised

Beta vs sector index0.923-year daily, correlation 0.51

Volume spikes11last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-77.7% (2021-10 peak to 2023-05 low, not yet recovered)

-71.5% (2019-03 peak to 2020-04 low, recovered 2021-10)

-25.3% (2019-01 peak to 2019-02 low, recovered 2019-02)

Most recent volume spikes

2026-10-29: 5.7x the 50-day median, price -1.9% that day

2026-09-21: 10.7x the 50-day median, price -1.0% that day

2026-09-18: 6x the 50-day median, price +4.2% 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?

5.5xP/E todayNear its historic low

Against its own history10th percentile

CheapestMedian 13.5xDearest

Usual range 5.6x to 5165.8x since 2019-01.

Against Industrial Services5.5x vs 14.0x

This company

5.5x

Sector median

14.0x

61% below the Industrial Services median.

P/EP/BP/S

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

The chart loads when you open this tab.

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

ROCE37th▼ 5 pts vs a year ago
Op. margin71st▲ 5 pts vs a year ago
Revenue growth13thflat vs a year ago
EPS growth81st▼ 10 pts vs a year ago
Debt/equity ↓8thflat vs a year ago
Cash cycle ↓27th▼ 18 pts vs a year ago
P/E ↓92nd▲ 8 pts vs a year ago
12M momentum62nd▼ 15 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 Industrial Services sector page Watch it move against Industrial Services in the Observatory

What is the price implying?

~14%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 18.3x, a holder earning 12%/yr needs earnings to grow about 14.1%/yr for 10 years, then trade at 15x.

Delivered5.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg

Gap+8.6 ptsimplied minus delivered

Rank356thmost demanding of 856

Over time

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

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	15.6%	16.6%	17.7%
15x	13.1%	14.1%	15.1%
20x	9.9%	10.9%	11.9%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 14.1%/yr

Looking back

Jan 2020Price implied 12%/yr; EPS has since grown 12%/yr (7.0 yrs)
Jan 2021Price implied 12%/yr; EPS has since grown 20%/yr (6.0 yrs)
Jan 2022Price implied 14%/yr; EPS has since grown 22%/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: ₹401.10
P/E: 5.5x
ROCE: 13.0%
Market Cap: ₹6513 cr
Revenue (TTM): ₹8742 cr
P/S: 0.7x
P/B: 1.0x
ROE: 17.4%
Operating Margin: 18.0%
Debt / Equity: 1.2x
Promoter Holding: 63.1%
12M Momentum: -16.0%

52-week range

₹352.80₹528.25

28% of the way from its 52-week low to its high

Price risk

1Y volatility

35.3%

Beta vs sector

1-year daily

0.65

Balance sheet & cash

Interest cover

operating profit ÷ interest

2.1x

Cash from profit, 3Y

operating cash flow ÷ net profit

0.99x

Share count, 1Y

+11.0%

Are profits backed by cash?

3 of 7checks within range2 beyond a threshold

Other income reliance82%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 82.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate19%Within range

Median quarterly effective tax rate over about 2.5 years: 19.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.99xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.99x (cash from operations ₹2,415 cr, net profit ₹2,439 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+21 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 21 days (67 vs 46). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress237% of fixed assetsWithin range

Capital work-in-progress is 237% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+129 days / 2 yrsNear threshold

Days payable changed by +129 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, promoters trimmed 7.0 pts; DIIs trimmed 2.9 pts; FIIs trimmed 0.7 pts.
The number of shareholders fell from 81,711 to 59,900 (-27%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters70.2%63.1%-7.0 pts

FIIs2.7%2.0%-0.7 pts

DIIs9.1%6.1%-2.9 pts

Public and others18.1%28.8%+10.7 pts

Number of shareholders

59,900shareholders-27% since Sep '23

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

−2.4%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 DILIP BUILDCON 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 −27% to +28% vs the market, against −6% for all non-financial companies in the same months.
The gap against the base rate (+3.6%, 80% range −11.0% to +16.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

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 · 6 beyond the range shown, drawn at the edge

Similar setups' median

−2.4%

All companies' median

−6.0%

Beat the market

48% vs 43%

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

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
PNCINFRA Industrial Services	Oct 2025	11x	14%	−12%	−19%	−53%
CESC Utilities	Jun 2022	6x	13%	−8%	−28%	−16%
GRINFRA Industrial Services	Sep 2025	11x	14%	−28%	−30%	−35%
UTTAMSUGAR Process Industries	Jun 2025	13x	11%	−13%	−23%	−24%
KUANTUM Process Industries	Oct 2025	10x	11%	−17%	−22%	−34%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
NITINSPIN Process Industries	May 2024	11x	12%	+21%	−19%	+18%
MADRASFERT Process Industries	May 2025	7x	11%	0%	−31%	−27%
NLCINDIA Utilities	Jan 2020	5x	11%	−9%	−26%	−27%

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, ROCE 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 DILIP BUILDCON 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

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

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.

BIRLA CORPORATIONBIRLACORPN

Non-Energy Minerals

67%similar

promoter holdingmarket cap

NLC INDIANLCINDIA

Utilities

57%similar

debt/equityP/E

STEEL AUTHORITY OF INDIASAIL

Non-Energy Minerals

53%similar

volatilitypromoter holding

JK TYRE AND INDUSTRIESJKTYRE

Consumer Durables

48%similar

revenuedebt/equity

JSW CEMENTJSWCEMENT

Non-Energy Minerals

47%similar

revenueoperating margin

ASHOKA BUILDCONASHOKA

Industrial Services

50%similar

P/Erevenue growth

KEC INTERNATIONAL LTD (FORMERKEC

Industrial Services

38%similar

debt/equitymarket cap

CEIGALL INDIACEIGALL

Industrial Services

35%similar

market capoperating margin

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

What changed?

30 events since May '23

2026
OctPriceVolume reached 5.7x its 50-day median on 2026-10-29; price -1.9% that day.
JulPriceVolume reached 186.3x its 50-day median on 2026-07-24; price +8.6% that day.
JunDividendDividend payout cut from 2% to 1% of profit.
JunSharesShare count is up 11.0% over 12 months.
FebValuationP/E fell below the 10th percentile of its own history to date (9.3x).
FebPriceVolume reached 13.3x its 50-day median on 2026-02-18; price +4.1% that day.
2025
NovPriceVolume reached 21.2x its 50-day median on 2025-11-25; price +5.8% that day.
SepPromoterPromoter holding fell 7.0 pts to 63.1%.

Show 22 earlier events

2025
SepValuationP/E fell below the 10th percentile of its own history to date (9.5x).
SepPriceVolume reached 24.4x its 50-day median on 2025-09-24; price -3.7% that day.
JunInstitutionsFII + DII holding fell 3.0 pts over 1 quarter to 9.7%.
JunDividendDividend payout cut from 8% to 2% of profit.
JunPriceVolume reached 11.6x its 50-day median on 2025-06-09; price +9.5% that day.
JanPriceVolume reached 15.8x its 50-day median on 2025-01-03; price +3.1% that day.
2024
NovPriceVolume reached 6.3x its 50-day median on 2024-11-28; price +9.0% that day.
SepPeer rankMoved into the 2nd quartile of Industrial Services on operating margin (from the 3rd quartile).
SepPriceVolume reached 6.0x its 50-day median on 2024-09-23; price +7.6% that day.
JunResultsYear-on-year EPS growth turned positive.
JunPeer rankMoved into the 3rd quartile of Industrial Services on ROCE (from the bottom quartile).
JunDividendDividend payout cut from 157% to 8% of profit.
JunPriceVolume reached 18.0x its 50-day median on 2024-06-13; price +9.1% that day.
FebPriceVolume reached 16.8x its 50-day median on 2024-02-14; price +18.7% that day.
2023
DecPeer rankSlipped to the bottom quartile of Industrial Services on ROCE (from the 3rd quartile).
OctPeer rankMoved into the 3rd quartile of Industrial Services on ROCE (from the bottom quartile).
OctPriceVolume reached 13.2x its 50-day median on 2023-10-20; price +5.0% that day.
AugPriceVolume reached 54.5x its 50-day median on 2023-08-02; price -0.5% that day.
JunResultsEPS (TTM) turned positive.
JunValuationP/E crossed above the 90th percentile of its own history to date (3970.0x).
JunDividendStarted paying a dividend (payout 157% of profit).
MayPriceFell 78% from the Oct 2021 peak to the May 2023 low.

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

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	5.5x	₹8742 cr	17.4%	13.0%	1.2x
2026-10	5.1x	₹8742 cr	17.4%	13.0%	1.2x
2026-09	5.6x	₹8742 cr	17.4%	13.0%	1.2x
2026-08	5.1x	₹8984 cr	19.3%	13.0%	1.2x
2026-07	5.4x	₹8984 cr	19.3%	13.0%	1.2x
2026-06	5.6x	₹8984 cr	19.3%	13.0%	1.2x
2026-05	4.8x	₹9780 cr	28.9%	15.0%	1.9x
2026-04	5.3x	₹9780 cr	28.9%	15.0%	1.9x
2026-03	4.4x	₹9780 cr	28.9%	15.0%	1.9x
2026-02	9.3x	₹10232 cr	17.2%	15.0%	1.9x
2026-01	10.2x	₹10232 cr	17.2%	15.0%	1.9x
2025-12	10.6x	₹10232 cr	17.2%	15.0%	1.9x
2025-11	9.6x	₹10803 cr	18.1%	15.0%	1.9x
2025-10	10.0x	₹10803 cr	18.1%	15.0%	1.9x
2025-09	9.5x	₹10803 cr	18.1%	15.0%	1.9x
2025-08	10.6x	₹11317 cr	15.7%	15.0%	1.9x
2025-07	11.0x	₹11317 cr	15.7%	15.0%	1.9x
2025-06	11.7x	₹11317 cr	15.7%	15.0%	1.9x
2025-05	15.2x	₹11587 cr	12.3%	10.0%	1.7x
2025-04	13.0x	₹11587 cr	12.3%	10.0%	1.7x
2025-03	14.6x	₹11587 cr	12.3%	10.0%	1.7x
2025-02	12.9x	₹11874 cr	11.3%	10.0%	1.7x
2025-01	13.6x	₹11874 cr	11.3%	10.0%	1.7x
2024-12	14.1x	₹11874 cr	11.3%	10.0%	1.7x
2024-11	23.4x	₹12226 cr	7.1%	10.0%	1.7x
2024-10	24.4x	₹12226 cr	7.1%	10.0%	1.7x
2024-09	25.7x	₹12226 cr	7.1%	10.0%	1.7x
2024-08	42.3x	₹12013 cr	4.3%	10.0%	1.7x
2024-07	39.0x	₹12013 cr	4.3%	10.0%	1.7x
2024-06	39.5x	₹12013 cr	4.3%	10.0%	1.7x
2024-05	6765.0x	₹10630 cr	0.0%	5.0%	1.7x
2024-04	7838.3x	₹10630 cr	0.0%	5.0%	1.7x
2024-03	7615.0x	₹10630 cr	0.0%	5.0%	1.7x
2024-02	7272.5x	₹10630 cr	0.0%	5.0%	1.7x
2024-01	6674.2x	₹10630 cr	0.0%	5.0%	1.7x
2023-12	6411.7x	₹10630 cr	0.0%	5.0%	1.7x
2023-11	6589.2x	₹10630 cr	0.0%	5.0%	1.7x
2023-10	5072.5x	₹10630 cr	0.0%	5.0%	1.7x
2023-09	5189.2x	₹10630 cr	0.0%	5.0%	1.7x
2023-08	5475.8x	₹10630 cr	0.0%	5.0%	1.7x
2023-07	4439.2x	₹10630 cr	0.0%	5.0%	1.7x
2023-06	3970.0x	₹10630 cr	0.0%	5.0%	1.7x
2023-05	—	₹9564 cr	-14.6%	3.0%	2.5x
2023-04	—	₹9564 cr	-14.6%	3.0%	2.5x
2023-03	—	₹9564 cr	-14.6%	3.0%	2.5x
2023-02	—	₹9564 cr	-14.6%	3.0%	2.5x
2023-01	—	₹9564 cr	-14.6%	3.0%	2.5x
2022-12	—	₹9564 cr	-14.6%	3.0%	2.5x
2022-11	—	₹9564 cr	-14.6%	3.0%	2.5x
2022-10	—	₹9564 cr	-14.6%	3.0%	2.5x
2022-09	—	₹9564 cr	-14.6%	3.0%	2.5x
2022-08	—	₹9564 cr	-14.6%	3.0%	2.5x
2022-07	—	₹9564 cr	-14.6%	3.0%	2.5x
2022-06	—	₹9564 cr	-14.6%	3.0%	2.5x
2022-05	11.7x	₹10166 cr	12.1%	13.0%	3.1x
2022-04	13.5x	₹10166 cr	12.1%	13.0%	3.1x
2022-03	12.4x	₹10166 cr	12.1%	13.0%	3.1x
2022-02	13.8x	₹10166 cr	12.1%	13.0%	3.1x
2022-01	18.6x	₹10166 cr	12.1%	13.0%	3.1x
2021-12	22.7x	₹10166 cr	12.1%	13.0%	3.1x
2021-11	27.1x	₹10166 cr	12.1%	13.0%	3.1x
2021-10	30.8x	₹10166 cr	12.1%	13.0%	3.1x
2021-09	29.2x	₹10166 cr	12.1%	13.0%	3.1x
2021-08	26.1x	₹10166 cr	12.1%	13.0%	3.1x
2021-07	28.9x	₹10166 cr	12.1%	13.0%	3.1x
2021-06	29.4x	₹10166 cr	12.1%	13.0%	3.1x
2021-05	20.6x	₹9701 cr	12.2%	14.0%	2.9x
2021-04	20.9x	₹9701 cr	12.2%	14.0%	2.9x
2021-03	22.2x	₹9701 cr	12.2%	14.0%	2.9x
2021-02	26.0x	₹9701 cr	12.2%	14.0%	2.9x
2021-01	16.2x	₹9701 cr	12.2%	14.0%	2.9x
2020-12	15.0x	₹9701 cr	12.2%	14.0%	2.9x
2020-11	13.6x	₹9701 cr	12.2%	14.0%	2.9x
2020-10	12.5x	₹9701 cr	12.2%	14.0%	2.9x
2020-09	12.8x	₹9701 cr	12.2%	14.0%	2.9x
2020-08	14.1x	₹9701 cr	12.2%	14.0%	2.9x
2020-07	10.7x	₹9701 cr	12.2%	14.0%	2.9x
2020-06	10.4x	₹9701 cr	12.2%	14.0%	2.9x
2020-05	6.5x	₹9403 cr	18.4%	17.0%	2.6x
2020-04	6.4x	₹9403 cr	18.4%	17.0%	2.6x
2020-03	5.2x	₹9403 cr	18.4%	17.0%	2.6x
2020-02	7.4x	₹9403 cr	18.4%	17.0%	2.6x
2020-01	10.1x	₹9403 cr	18.4%	17.0%	2.6x
2019-12	10.0x	₹9403 cr	18.4%	17.0%	2.6x
2019-11	10.1x	₹9403 cr	18.4%	17.0%	2.6x
2019-10	10.7x	₹9403 cr	18.4%	17.0%	2.6x
2019-09	10.3x	₹9403 cr	18.4%	17.0%	2.6x
2019-08	8.9x	₹9403 cr	18.4%	17.0%	2.6x
2019-07	10.2x	₹9403 cr	18.4%	17.0%	2.6x
2019-06	12.1x	₹9403 cr	18.4%	17.0%	2.6x
2019-05	13.7x	₹7891 cr	24.0%	18.0%	2.2x
2019-04	12.8x	₹7891 cr	24.0%	18.0%	2.2x
2019-03	15.2x	₹7891 cr	24.0%	18.0%	2.2x
2019-02	10.2x	₹7891 cr	24.0%	18.0%	2.2x
2019-01	7.6x	₹7891 cr	24.0%	18.0%	2.2x

Methodology and data notes