VALOR ESTATE LIMITED (DBREALTY): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹82.77 latest close · −27.8% over the last 90 sessions

₹82.77 month-end · −37.2% over 12 months

₹82.77 month-end · −60.4% over 3 years

₹82.77 month-end · +224.0% since Jan '19

52-week range ₹76.65 to ₹157.20 · 1-year volatility 51.2%

How rough has the ride been?

Maximum drawdown-88.6%recovered 2021-10

1-year volatility51.2%annualised

Beta vs sector index1.643-year daily, correlation 0.55

Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-88.6% (2019-01 peak to 2020-04 low, recovered 2021-10)

-72.4% (2024-03 peak to 2026-10 low, not yet recovered)

-59.2% (2022-02 peak to 2022-07 low, recovered 2022-09)

Most recent volume spikes

2026-08-31: 16.1x the 50-day median, price -3.4% that day

2026-08-20: 10.1x the 50-day median, price +2.9% 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?

359.9xP/E todayNear its historic high

Against its own history97th percentile

CheapestMedian 72.2xDearest

Usual range 7.2x to 255.6x since 2019-01.

Against Finance359.9x vs 18.1x

This company

359.9x

Sector median

18.1x

1887% above the Finance median.

P/EP/BP/S

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

ROCE23rd▲ 17 pts vs a year ago
Op. margin38th▲ 23 pts vs a year ago
Revenue growth4th▼ 95 pts vs a year ago
EPS growth9th
Debt/equity ↓46th▲ 10 pts vs a year ago
Cash cycle ↓8thflat vs a year ago
P/E ↓2nd
12M momentum11th▼ 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?

~14%annual earnings growth implied by the price

At a P/E of 18.6x, the price would imply about 14.4%/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 Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹82.77
P/E: 359.9x
ROCE: 2.0%
Market Cap: ₹4492 cr
Revenue (TTM): ₹864 cr
P/S: 5.2x
P/B: 1.1x
ROE: 0.3%
Operating Margin: 20.8%
Debt / Equity: 0.2x
Promoter Holding: 47.2%
12M Momentum: -37.2%

52-week range

₹76.65₹157.20

8% of the way from its 52-week low to its high

Price risk

1Y volatility

51.2%

Beta vs sector

1-year daily

1.44

Balance sheet & cash

Interest cover

operating profit ÷ interest

1.2x

Cash from profit, 3Y

operating cash flow ÷ net profit

1.40x

Share count, 1Y

+0.7%

Are profits backed by cash?

4 of 6checks within range1 beyond a threshold

Other income reliance264%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 264.2%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate12%Near threshold

Median quarterly effective tax rate over about 2.5 years: 11.8%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.40xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.40x (cash from operations ₹1,716 cr, net profit ₹1,226 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-20 daysWithin range

Debtor days are below the median of the previous three fiscal years by 20 days (64 vs 84). 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, promoters trimmed 6.6 pts; FIIs added 2.6 pts.
The number of shareholders rose from 53,973 to 86,800 (+61%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters53.8%47.2%-6.6 pts

FIIs2.2%4.8%+2.6 pts

DIIs0.0%0.4%+0.4 pts

Public and others44.0%47.6%+3.7 pts

Number of shareholders

86,800shareholders+61% 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

+1.7%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 VALOR ESTATE 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 −25% to +42% vs the market, against −1% for all non-financial companies in the same months.
The gap against the base rate (+2.7%, 80% range −13.6% to +13.9%) 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median

+1.7%

All companies' median

−1.0%

Beat the market

52% vs 49%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
SUNTECK Finance	Dec 2022	193x	3%	−33%	−42%	+6%
GRAPHITE Process Industries	Jun 2020	80x	1%	−45%	−51%	+113%
VAKRANGEE Retail Trade	Apr 2020	107x	2%	−59%	−60%	+24%
HEG Producer Manufacturing	Jun 2020	47x	0%	−44%	−46%	+62%
URJA Electronic Technology	Oct 2023	312x	2%	−15%	−26%	+47%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
EMBDL Finance	Mar 2022	1127x	5%	+25%	−47%	−49%
COMPUSOFT Technology Services	May 2025	240x	6%	−21%	−45%	−39%
TASTYBITE Consumer Non-Durables	Jul 2022	292x	6%	−36%	−40%	+6%

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: ROCE, 12-month momentum and drawdown from 12-month high. One match per company and at most 7 from any one month.

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

How this is built

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

CAPILLARY TECHNOLOGIES INDIACAPILLARY

Technology Services

67%similar

ROCErevenue

BHAGIRADHA CHEMICALS AND INDUSBHAGCHEM

Process Industries

65%similar

revenue growthROCE

TARSONS PRODUCTSTARSONS

Process Industries

58%similar

promoter holdingP/E

GANESHA ECOSPHEREGANECOS

Process Industries

53%similar

volatilityrevenue growth

AVANTELAVANTEL

Electronic Technology

52%similar

P/Emarket cap

FIVE PAISA CAPITAL5PAISA

Finance

35%similar

promoter holdingoperating margin

MAX ESTATESMAXESTATES

Finance

34%similar

P/EROCE

HUBTOWNHUBTOWN

Finance

32%similar

volatilityoperating margin

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

What changed?

30 events since Mar '24

2026
OctPriceFell 72% from the Mar 2024 peak to the Oct 2026 low.
SepPeer rankMoved into the 3rd quartile of Finance on operating margin (from the bottom quartile).
AugPriceVolume reached 16.1x its 50-day median on 2026-08-31; price -3.4% that day.
JunValuationP/E crossed above the 90th percentile of its own history to date (231.0x).
JunPeer rankSlipped to the bottom quartile of Finance on operating margin (from the 3rd quartile).
JunDebtDebt / equity halved over 12 months to 0.18x.
MayPriceVolume reached 10.1x its 50-day median on 2026-05-04; price +20.0% that day.
FebPriceVolume reached 13.6x its 50-day median on 2026-02-04; price +16.1% that day.

Show 22 earlier events

2025
DecResultsEPS (TTM) turned positive.
DecPeer rankMoved into the 3rd quartile of Finance on operating margin (from the bottom quartile).
NovPriceVolume reached 13.4x its 50-day median on 2025-11-13; price +6.4% that day.
JunResultsRevenue (TTM) reached a new high of ₹877 cr.
JunPeer rankSlipped to the bottom quartile of Finance on ROCE (from the top quartile).
AprPriceVolume reached 11.0x its 50-day median on 2025-04-02; price +11.8% that day.
MarResultsEPS (TTM) turned negative.
MarPriceVolume reached 10.4x its 50-day median on 2025-03-21; price +19.4% that day.
FebDebtDebt / equity halved over 12 months to 0.44x.
2024
OctPriceVolume reached 6.1x its 50-day median on 2024-10-11; price +5.3% that day.
SepPeer rankSlipped to the bottom quartile of Finance on operating margin (from the 3rd quartile).
AugSharesShare count is up 52.8% over 12 months.
JulDebtDebt / equity halved over 12 months to 0.44x.
JulPriceVolume reached 5.1x its 50-day median on 2024-07-05; price +9.1% that day.
JunPromoterPromoter holding fell 3.5 pts to 47.4%.
JunResultsEPS (TTM) turned positive.
JunInstitutionsFII + DII holding rose 3.5 pts over 2 quarters to 5.7%.
JunPeer rankMoved into the top quartile of Finance on ROCE (from the bottom quartile).
JunDebtDebt / equity fell below 1.0x (0.44x).
AprPriceVolume reached 6.6x its 50-day median on 2024-04-05; price +7.7% that day.
MarPromoterPromoter holding fell 2.9 pts to 50.9%.
MarPriceVolume reached 7.4x its 50-day median on 2024-03-20; price +0.8% 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

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	359.9x	₹864 cr	0.3%	2.0%	0.2x
2026-10	347.2x	₹864 cr	0.3%	2.0%	0.2x
2026-09	419.7x	₹864 cr	0.3%	2.0%	0.2x
2026-08	216.2x	₹1593 cr	0.7%	2.0%	0.2x
2026-07	235.0x	₹1593 cr	0.7%	2.0%	0.2x
2026-06	231.0x	₹1593 cr	0.7%	2.0%	0.2x
2026-05	78.5x	₹2043 cr	1.8%	-3.0%	0.4x
2026-04	67.7x	₹2043 cr	1.8%	-3.0%	0.4x
2026-03	54.9x	₹2043 cr	1.8%	-3.0%	0.4x
2026-02	247.3x	₹1844 cr	0.6%	-3.0%	0.4x
2026-01	231.8x	₹1844 cr	0.6%	-3.0%	0.4x
2025-12	257.7x	₹1844 cr	0.6%	-3.0%	0.4x
2025-11	—	₹1710 cr	-1.9%	-3.0%	0.4x
2025-10	—	₹1710 cr	-1.9%	-3.0%	0.4x
2025-09	—	₹1710 cr	-1.9%	-3.0%	0.4x
2025-08	—	₹877 cr	-2.5%	-3.0%	0.4x
2025-07	—	₹877 cr	-2.5%	-3.0%	0.4x
2025-06	—	₹877 cr	-2.5%	-3.0%	0.4x
2025-05	—	₹484 cr	-2.7%	22.0%	0.4x
2025-04	—	₹484 cr	-2.7%	22.0%	0.4x
2025-03	—	₹484 cr	-2.7%	22.0%	0.4x
2025-02	18.2x	₹297 cr	6.8%	22.0%	0.4x
2025-01	23.1x	₹297 cr	6.8%	22.0%	0.4x
2024-12	25.6x	₹297 cr	6.8%	22.0%	0.4x
2024-11	6.5x	₹362 cr	27.7%	22.0%	0.4x
2024-10	6.2x	₹362 cr	27.7%	22.0%	0.4x
2024-09	7.2x	₹362 cr	27.7%	22.0%	0.4x
2024-08	7.5x	₹357 cr	27.4%	22.0%	0.4x
2024-07	8.1x	₹357 cr	27.4%	22.0%	0.4x
2024-06	7.1x	₹357 cr	27.4%	22.0%	0.4x
2024-05	—	₹698 cr	-4.4%	-11.0%	1.4x
2024-04	—	₹698 cr	-4.4%	-11.0%	1.4x
2024-03	—	₹698 cr	-4.4%	-11.0%	1.4x
2024-02	—	₹698 cr	-4.4%	-11.0%	1.4x
2024-01	—	₹698 cr	-4.4%	-11.0%	1.4x
2023-12	—	₹698 cr	-4.4%	-11.0%	1.4x
2023-11	—	₹698 cr	-4.4%	-11.0%	1.4x
2023-10	—	₹698 cr	-4.4%	-11.0%	1.4x
2023-09	—	₹698 cr	-4.4%	-11.0%	1.4x
2023-08	—	₹698 cr	-4.4%	-11.0%	1.4x
2023-07	—	₹698 cr	-4.4%	-11.0%	1.4x
2023-06	—	₹698 cr	-4.4%	-11.0%	1.4x
2023-05	79.1x	₹219 cr	1.2%	-1.0%	2.0x
2023-04	84.7x	₹219 cr	1.2%	-1.0%	2.0x
2023-03	62.0x	₹219 cr	1.2%	-1.0%	2.0x
2023-02	57.3x	₹219 cr	1.2%	-1.0%	2.0x
2023-01	72.2x	₹219 cr	1.2%	-1.0%	2.0x
2022-12	90.0x	₹219 cr	1.2%	-1.0%	2.0x
2022-11	97.4x	₹219 cr	1.2%	-1.0%	2.0x
2022-10	99.1x	₹219 cr	1.2%	-1.0%	2.0x
2022-09	104.0x	₹219 cr	1.2%	-1.0%	2.0x
2022-08	63.8x	₹219 cr	1.2%	-1.0%	2.0x
2022-07	60.9x	₹219 cr	1.2%	-1.0%	2.0x
2022-06	52.3x	₹219 cr	1.2%	-1.0%	2.0x
2022-05	—	₹25 cr	-13.0%	0.0%	1.9x
2022-04	—	₹25 cr	-13.0%	0.0%	1.9x
2022-03	—	₹25 cr	-13.0%	0.0%	1.9x
2022-02	—	₹25 cr	-13.0%	0.0%	1.9x
2022-01	—	₹25 cr	-13.0%	0.0%	1.9x
2021-12	—	₹25 cr	-13.0%	0.0%	1.9x
2021-11	—	₹25 cr	-13.0%	0.0%	1.9x
2021-10	—	₹25 cr	-13.0%	0.0%	1.9x
2021-09	—	₹25 cr	-13.0%	0.0%	1.9x
2021-08	—	₹25 cr	-13.0%	0.0%	1.9x
2021-07	—	₹25 cr	-13.0%	0.0%	1.9x
2021-06	—	₹25 cr	-13.0%	0.0%	1.9x
2021-05	—	₹169 cr	-29.5%	-3.0%	1.4x
2021-04	—	₹169 cr	-29.5%	-3.0%	1.4x
2021-03	—	₹169 cr	-29.5%	-3.0%	1.4x
2021-02	—	₹169 cr	-29.5%	-3.0%	1.4x
2021-01	—	₹169 cr	-29.5%	-3.0%	1.4x
2020-12	—	₹169 cr	-29.5%	-3.0%	1.4x
2020-11	—	₹169 cr	-29.5%	-3.0%	1.4x
2020-10	—	₹169 cr	-29.5%	-3.0%	1.4x
2020-09	—	₹169 cr	-29.5%	-3.0%	1.4x
2020-08	—	₹169 cr	-29.5%	-3.0%	1.4x
2020-07	—	₹169 cr	-29.5%	-3.0%	1.4x
2020-06	—	₹169 cr	-29.5%	-3.0%	1.4x
2020-05	—	₹365 cr	-11.5%	0.0%	0.9x
2020-04	—	₹365 cr	-11.5%	0.0%	0.9x
2020-03	—	₹365 cr	-11.5%	0.0%	0.9x
2020-02	—	₹365 cr	-11.5%	0.0%	0.9x
2020-01	—	₹365 cr	-11.5%	0.0%	0.9x
2019-12	—	₹365 cr	-11.5%	0.0%	0.9x
2019-11	—	₹365 cr	-11.5%	0.0%	0.9x
2019-10	—	₹365 cr	-11.5%	0.0%	0.9x
2019-09	—	₹365 cr	-11.5%	0.0%	0.9x
2019-08	—	₹365 cr	-11.5%	0.0%	0.9x
2019-07	—	₹365 cr	-11.5%	0.0%	0.9x
2019-06	—	₹365 cr	-11.5%	0.0%	0.9x
2019-05	—	₹120 cr	-12.5%	-2.0%	0.7x
2019-04	—	₹120 cr	-12.5%	-2.0%	0.7x
2019-03	—	₹120 cr	-12.5%	-2.0%	0.7x
2019-02	—	₹120 cr	-12.5%	-2.0%	0.7x
2019-01	—	₹120 cr	-12.5%	-2.0%	0.7x

Methodology and data notes