Share price
₹31.51 latest close · −11.3% over the last 90 sessions
₹31.51 month-end · +25.4% over 12 months
₹31.51 month-end · −10.0% over 3 years
₹31.51 month-end · +277.4% since Jan '19
52-week range ₹23.15 to ₹48.50 · 1-year volatility 41.8%
Was the rally earned?
Partly.
- Most of the rise came from investors paying a higher multiple (P/E 18.3x to 37.1x); per-share earnings took off 54 points.
- The share count barely moved.
Mostly earnings.
- Per-share earnings took off 72 points, while the multiple moved less (P/E 19.2x to 37.1x).
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 326 points, but investors now pay less per rupee of profit (P/E 173.3x to 37.1x), which took 224 points back.
- The share count barely moved.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-63.7% (2024-05 peak to 2025-12 low, not yet recovered)
-59.6% (2022-01 peak to 2022-06 low, recovered 2024-02)
-45.7% (2021-08 peak to 2021-12 low, recovered 2021-12)
Is it expensive against its own past and its peers?
Usual range 10.1x to 180.9x since 2019-01.
105% above the Finance median.
The chart loads when you open this tab.
The chart loads when you open this tab.
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.
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
- ROCE44th▼ 14 pts vs a year ago
- Op. margin30th▼ 17 pts vs a year ago
- Revenue growth15thflat vs a year ago
- EPS growth20thflat vs a year ago
- Debt/equity ↓67th▲ 5 pts vs a year ago
- Cash cycle ↓64th▼ 7 pts vs a year ago
- P/E ↓25th▼ 43 pts vs a year ago
- 12M momentum89th▲ 82 pts vs a year ago
Rank history
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?
At a P/E of 16.6x, the price would imply about 13.2%/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
- ₹31.51
- P/E
- 37.1x
- ROCE
- 7.3%
- Market Cap
- ₹110 cr
- Revenue (TTM)
- ₹31 cr
- P/S
- 3.6x
- P/B
- 1.5x
- ROE
- 3.9%
- Operating Margin
- 15.7%
- Debt / Equity
- 0.0x
- Promoter Holding
- 41.2%
- 12M Momentum
- 25.4%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance0%Within range
Other income as a share of pre-tax profit (trailing twelve months): 0.5%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate23%Within range
Median quarterly effective tax rate over about 2.5 years: 23.3%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion-0.07xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -0.07x (cash from operations ₹-1.3 cr, net profit ₹17.9 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+6 daysWithin range
Debtor days are above the median of the previous three fiscal years by 6 days (14 vs 8). 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.
Who has been buying and selling?
- Over 2 years, promoters added 5.1 pts.
- The number of shareholders rose from 4,217 to 5,924 (+40%) between Dec 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like DB (INTERNATIONAL)STOCK BROKER 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 +16% vs the market, against 0% for all non-financial companies in the same months.
- The gap against the base rate (−5.9%, 80% range −10.5% to +0.3%) 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 · 4 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 37 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| AMJLAND Finance |
May 2020 | 14x | 6% | −22% | −35% | +5% |
| BANARBEADS Consumer Durables |
May 2020 | 19x | 4% | −33% | −37% | −6% |
| INDBANK Finance |
Aug 2023 | 41x | 7% | +41% | −20% | +3% |
| SHYAMCENT Non-Energy Minerals |
Sep 2020 | 14x | 0% | +47% | −21% | +117% |
| EIMCOELECO Producer Manufacturing |
Jul 2020 | 19x | 3% | +8% | −19% | −4% |
Show the other 3 matches
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, P/E 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.
What changed?
30 events since Jun '20
- JunPeer rankSlipped to the 3rd quartile of Finance on ROCE (from the 2nd quartile).
- MarPeer rankMoved into the 3rd quartile of Finance on EPS growth (from the bottom quartile).
- DecPriceFell 64% from the May 2024 peak to the Dec 2025 low.
- SepPeer rankSlipped to the 3rd quartile of Finance on operating margin (from the 2nd quartile).
- JunPromoterPromoter holding rose 5.5 pts to 41.7%.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankMoved into the 2nd quartile of Finance on operating margin (from the 3rd quartile).
- DecPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
Show 22 earlier events
- NovPeer rankSlipped to the 2nd quartile of Finance on ROCE (from the top quartile).
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
- AprPriceRegained the 2024-02 peak, 1 month after the low.
- MarPriceFell 29% from the Feb 2024 peak to the Mar 2024 low.
- FebPriceRegained the 2022-01 peak, 20 months after the low.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the top quartile).
- DecValuationP/E fell below the 10th percentile of its own history to date (9.7x).
- JunResultsYear-on-year EPS growth turned positive.
- JunPriceFell 60% from the Jan 2022 peak to the Jun 2022 low.
- JunValuationP/E fell below the 10th percentile of its own history to date (8.5x).
- JunPeer rankMoved into the top quartile of Finance on ROCE (from the 2nd quartile).
- MarPeer rankSlipped to the 2nd quartile of Finance on ROCE (from the top quartile).
- JanValuationP/E crossed above the 90th percentile of its own history to date (328.9x).
- DecPriceRegained the 2021-08 peak, 0 months after the low.
- DecPriceFell 46% from the Aug 2021 peak to the Dec 2021 low.
- AugPriceRegained the 2021-06 peak, 1 month after the low.
- JulPriceFell 26% from the Jun 2021 peak to the Jul 2021 low.
- JunResultsRevenue (TTM) reached a new high of ₹18 cr.
- MayPriceRegained the 2019-07 peak, 14 months after the low.
- JunResultsEPS (TTM) turned positive.
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 | 37.1x | ₹31 cr | 3.9% | 7.3% | 0.0x |
| 2026-10 | 33.2x | ₹31 cr | 3.9% | 7.3% | 0.0x |
| 2026-09 | 37.3x | ₹31 cr | 3.9% | 7.3% | 0.0x |
| 2026-08 | 32.6x | ₹28 cr | 4.1% | 7.3% | 0.0x |
| 2026-07 | 38.7x | ₹28 cr | 4.1% | 7.3% | 0.0x |
| 2026-06 | 37.8x | ₹28 cr | 4.1% | 7.3% | 0.0x |
| 2026-05 | 28.0x | ₹29 cr | 5.8% | 12.5% | 0.0x |
| 2026-04 | 23.0x | ₹29 cr | 5.8% | 12.5% | 0.0x |
| 2026-03 | 20.8x | ₹29 cr | 5.8% | 12.5% | 0.0x |
| 2026-02 | 21.0x | ₹32 cr | 6.0% | 12.5% | 0.0x |
| 2026-01 | 20.0x | ₹32 cr | 6.0% | 12.5% | 0.0x |
| 2025-12 | 20.2x | ₹32 cr | 6.0% | 12.5% | 0.0x |
| 2025-11 | 18.3x | ₹36 cr | 6.7% | 12.5% | 0.0x |
| 2025-10 | 18.4x | ₹36 cr | 6.7% | 12.5% | 0.0x |
| 2025-09 | 18.3x | ₹36 cr | 6.7% | 12.5% | 0.0x |
| 2025-08 | 15.4x | ₹42 cr | 8.0% | 12.5% | 0.0x |
| 2025-07 | 16.7x | ₹42 cr | 8.0% | 12.5% | 0.0x |
| 2025-06 | 19.6x | ₹42 cr | 8.0% | 12.5% | 0.0x |
| 2025-05 | 15.8x | ₹49 cr | 9.8% | 20.8% | 0.1x |
| 2025-04 | 14.9x | ₹49 cr | 9.8% | 20.8% | 0.1x |
| 2025-03 | 15.3x | ₹49 cr | 9.8% | 20.8% | 0.1x |
| 2025-02 | 14.6x | ₹53 cr | 13.1% | 20.8% | 0.1x |
| 2025-01 | 17.2x | ₹53 cr | 13.1% | 20.8% | 0.1x |
| 2024-12 | 19.2x | ₹53 cr | 13.1% | 20.8% | 0.1x |
| 2024-11 | 17.5x | ₹51 cr | 13.6% | 20.8% | 0.1x |
| 2024-10 | 18.2x | ₹51 cr | 13.6% | 20.8% | 0.1x |
| 2024-09 | 18.3x | ₹51 cr | 13.6% | 20.8% | 0.1x |
| 2024-08 | 17.7x | ₹48 cr | 13.7% | 20.8% | 0.1x |
| 2024-07 | 18.3x | ₹48 cr | 13.7% | 20.8% | 0.1x |
| 2024-06 | 18.1x | ₹48 cr | 13.7% | 20.8% | 0.1x |
| 2024-05 | 25.6x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2024-04 | 33.8x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2024-03 | 21.7x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2024-02 | 26.2x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2024-01 | 21.2x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2023-12 | 18.4x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2023-11 | 19.2x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2023-10 | 19.8x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2023-09 | 15.3x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2023-08 | 16.2x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2023-07 | 13.1x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2023-06 | 13.6x | ₹29 cr | 11.2% | 16.1% | 0.1x |
| 2023-05 | 9.5x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2023-04 | 10.0x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2023-03 | 9.1x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2023-02 | 10.4x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2023-01 | 9.5x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2022-12 | 9.7x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2022-11 | 10.3x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2022-10 | 10.1x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2022-09 | 10.2x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2022-08 | 8.6x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2022-07 | 8.2x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2022-06 | 8.5x | ₹29 cr | 17.0% | 23.9% | 0.0x |
| 2022-05 | 226.7x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2022-04 | 318.3x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2022-03 | 284.4x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2022-02 | 294.4x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2022-01 | 328.9x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2021-12 | 372.2x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2021-11 | 173.3x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2021-10 | 182.8x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2021-09 | 188.9x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2021-08 | 207.2x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2021-07 | 157.2x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2021-06 | 161.1x | ₹18 cr | 0.8% | 12.2% | 0.0x |
| 2021-05 | 20.9x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2021-04 | 10.8x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2021-03 | 11.3x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2021-02 | 12.6x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2021-01 | 13.0x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2020-12 | 13.7x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2020-11 | 13.8x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2020-10 | 11.4x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2020-09 | 11.5x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2020-08 | 13.8x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2020-07 | 11.8x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2020-06 | 13.6x | ₹11 cr | 6.4% | 10.8% | 0.0x |
| 2020-05 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2020-04 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2020-03 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2020-02 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2020-01 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2019-12 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2019-11 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2019-10 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2019-09 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2019-08 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2019-07 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2019-06 | — | ₹2 cr | -6.7% | -7.6% | 0.0x |
| 2019-05 | 61.3x | ₹6 cr | 1.4% | 2.3% | 0.0x |
| 2019-04 | 52.2x | ₹6 cr | 1.4% | 2.3% | 0.0x |
| 2019-03 | 49.1x | ₹6 cr | 1.4% | 2.3% | 0.0x |
| 2019-02 | 49.7x | ₹6 cr | 1.4% | 2.3% | 0.0x |
| 2019-01 | 52.2x | ₹6 cr | 1.4% | 2.3% | 0.0x |