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DHANLAXMI BANK LIMITED (DHANBANK)

Finance · Major Banks · 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.55 / 100
Profitability 28Growth 83
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.52 / 100
Price 64Earnings 71FII/DII 21

Passes these screensHigh Momentum

Compare withHDFC BANKKOTAK MAHINDRA BANKAXIS BANK

Share price

Closing priceAdjusted for splits and bonus issues.

₹32.96 latest close · −3.3% over the last 90 sessions

₹30₹35Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹30₹35Jul 3Sep 4Nov 9

₹32.96 month-end · +22.6% over 12 months

₹20₹25₹30Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹20₹25₹30Nov '25May '26Nov '26

₹32.96 month-end · +43.5% over 3 years

₹20₹30₹40Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹20₹30₹40Nov '23May '25Nov '26

₹32.96 month-end · +151.4% since Jan '19

₹20₹40Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹20₹40Jan '19Dec '22Nov '26

52-week range ₹19.45 to ₹37.99 · 1-year volatility 45.8%

Was the rally earned?

+23%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 32 points, but investors now pay less per rupee of profit (P/E 12.3x to 11.2x), which took 10 points back.
  • The share count barely moved.
Net profit growth: +31 pts. Points of the price return explained by net profit growing (or shrinking).+31 ptsNet profit growthP/E change: −10 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−10 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: +23%+23%Share priceNet profit growth: +31 pts. Points of the price return explained by net profit growing (or shrinking).+31ProfitP/E change: −10 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−10P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +23%+23%Share price
Net profit growth+31 ptsNet profit rose about 33%, which lifts the price.
P/E change-10 ptsThe P/E fell from 12.3x to 11.2x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+44%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 103 points, but investors now pay less per rupee of profit (P/E 18.4x to 11.2x), which took 59 points back.
  • The share count barely moved.
Net profit growth: +103 pts. Points of the price return explained by net profit growing (or shrinking).+103 ptsNet profit growthP/E change: −59 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−59 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: +44%+44%Share priceNet profit growth: +103 pts. Points of the price return explained by net profit growing (or shrinking).+103ProfitP/E change: −59 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−59P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +44%+44%Share price
Net profit growth+103 ptsNet profit rose about 136%, which lifts the price.
P/E change-59 ptsThe P/E fell from 18.4x to 11.2x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+188%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 202 points, but investors now pay less per rupee of profit (P/E 12.2x to 11.2x), which took 14 points back.
  • The share count barely moved.
Net profit growth: +202 pts. Points of the price return explained by net profit growing (or shrinking).+202 ptsNet profit growthP/E change: −14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−14 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: +188%+188%Share priceNet profit growth: +202 pts. Points of the price return explained by net profit growing (or shrinking).+202ProfitP/E change: −14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−14P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +188%+188%Share price
Net profit growth+202 ptsNet profit rose about 212%, which lifts the price.
P/E change-14 ptsThe P/E fell from 12.2x to 11.2x, 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 HDFC BANK

How rough has the ride been?

Maximum drawdown-63.0%recovered 2022-12
1-year volatility45.8%annualised
Beta vs sector index1.053-year daily, correlation 0.41
Volume spikes11last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−60.1% 0%−20%−40%−60%2020202220242026−60.1%
Largest drawdowns

-63.0% (2019-04 peak to 2020-03 low, recovered 2022-12)

-57.1% (2024-01 peak to 2026-03 low, not yet recovered)

-45.1% (2022-12 peak to 2023-03 low, recovered 2023-09)

Most recent volume spikes

2026-10-27: 6.8x the 50-day median, price +1.8% that day

2026-10-26: 25.9x the 50-day median, price -13.6% that day

2026-10-22: 7x the 50-day median, price +4.4% 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?

0.9xP/B todayWithin its usual range
Against its own history77th percentile
CheapestMedian 0.7xDearest

Usual range 0.5x to 1.2x since 2019-01.

Against Finance0.9x vs 1.5x
This company
0.9x
Sector median
1.5x

42% below the Finance median.

0.3x1.0x1.7x2.4xJan '19Aug '20Mar '22Oct '23May '25Nov '260.3x1.0x1.7x2.4xJan '19Sep '21May '24Nov '26
P/B (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

P/E (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/B 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 (banks and 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

  • ROE (approx.)28th▲ 9 pts vs a year ago
  • EPS growth82nd▼ 17 pts vs a year ago
  • P/B ↓75th▼ 13 pts vs a year ago
  • 12M momentum86th▲ 41 pts vs a year ago
  • FII + DII35th▼ 3 pts vs a year ago

Rank history

ROE (approx.)
EPS growth
P/B ↓
12M momentum
FII + DII
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?

~16%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 20.7x, a holder earning 12%/yr needs earnings to grow about 15.6%/yr for 10 years, then trade at 15x.

Delivered96.8%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−44.4 ptsimplied minus delivered
Rank61stmost demanding of 63 financials

Over time

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

0%48%97% Jun 2019Nov 2026 0%48%97% Jun 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x17.2%18.3%19.3%
15x14.6%15.6%16.7%
20x11.4%12.4%13.4%

Drag a slider to test other assumptions

Implied: 15.6%/yr

Looking back

  • Jan 2020Price implied 24%/yr; EPS has since grown 28%/yr (7.0 yrs)
  • Jan 2021Price implied 3%/yr; EPS has since grown 0%/yr (6.0 yrs)
  • Jan 2022Price implied 17%/yr; EPS has since grown 12%/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
₹32.96
P/E
11.2x
Market Cap
₹1299 cr
Revenue (TTM)
₹1683 cr
P/S
0.8x
P/B
0.9x
ROE
7.0%
Debt / Equity
0.5x
12M Momentum
22.6%

52-week range

₹19.45₹37.99
73% of the way from its 52-week low to its high

Price risk

1Y volatility
45.8%
Beta vs sector
1-year daily
0.94

Balance sheet & cash

Share count, 1Y
unchanged

Are profits backed by cash?

0 of 1checks within range1 beyond a threshold
Tax rate0%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: 0.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Tap a check to see how it is measured

Cash conversion and receivable days are not meaningful for banks and NBFCs, so only the other-income and tax-rate checks are shown.

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 added 3.5 pts.
  • The number of shareholders rose from 1.2 lakh to 1.6 lakh (+38%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters———
FIIs10.8%14.2%+3.5 pts
DIIs0.1%0.1%0.0 pts
Public and others89.2%85.7%-3.4 pts

Number of shareholders

1.6 lakhshareholders+38% since Sep '23
1.2L1.5L1.8L2.1L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 1.2 lakh
Dec '23: 1.3 lakh
Mar '24: 2.1 lakh
Jun '24: 2.0 lakh
Sep '24: 1.9 lakh
Dec '24: 1.8 lakh
Mar '25: 1.8 lakh
Jun '25: 1.8 lakh
Sep '25: 1.8 lakh
Dec '25: 1.8 lakh
Mar '26: 1.7 lakh
Jun '26: 1.6 lakh
 1.2L1.5L1.8L2.1L Sep '23Sep '24Sep '25Jun '26
Sep '23: 1.2 lakh
Dec '23: 1.3 lakh
Mar '24: 2.1 lakh
Jun '24: 2.0 lakh
Sep '24: 1.9 lakh
Dec '24: 1.8 lakh
Mar '25: 1.8 lakh
Jun '25: 1.8 lakh
Sep '25: 1.8 lakh
Dec '25: 1.8 lakh
Mar '26: 1.7 lakh
Jun '26: 1.6 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

−2.7%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a bank, NBFC or insurer looked like DHANLAXMI BANK LIMITED today on valuation, return on capital, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −18% to +35% vs the market, against −3% for all financial companies in the same months.
  • The gap against the base rate (+0.7%, 80% range −5.1% to +6.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%
EQUITASBNK · Dec 2023: −48.4% vs market
CSLFINANCE · Feb 2024: −43.2% vs market
SURYODAY · Apr 2024: −40.3% vs market
MUTHOOTCAP · Jun 2025: −37.0% vs market
M&MFIN · Mar 2021: −35.8% vs market
BANKINDIA · Sep 2023: −30.4% vs market
NDGL · Oct 2024: −29.5% vs market
PFS · Dec 2020: −26.7% vs market
REPCOHOME · Sep 2024: −25.8% vs market
DCBBANK · Mar 2023: −24.5% vs market
CSBBANK · Oct 2025: −24.4% vs market
SOUTHBANK · Feb 2024: −23.3% vs market
SRGHFL · Jan 2025: −18.6% vs market
INDOSTAR · Jul 2025: −17.7% vs market
BAIDFIN · Aug 2025: −13.9% vs market
HUDCO · Jan 2020: −13.0% vs market
PSB · Jan 2024: −12.1% vs market
STARTECK · May 2025: −10.7% vs market
MASFIN · Jan 2023: −9.7% vs market
TFCILTD · Sep 2021: −9.5% vs market
CAPITALSFB · Aug 2025: −9.2% vs market
AFIL · Sep 2025: −8.6% vs market
GICHSGFIN · Jan 2023: −6.6% vs market
PNBHOUSING · Dec 2023: −4.4% vs market
FEDERALBNK · Apr 2021: −3.1% vs market
PNB · Oct 2021: −2.4% vs market
NORTHARC · Oct 2025: −1.8% vs market
KTKBANK · May 2023: −1.4% vs market
RBLBANK · Jun 2023: −1.3% vs market
LICHSGFIN · Sep 2022: −1.3% vs market
JSFB · Aug 2025: +1.7% vs market
FEDFINA · Oct 2025: +7.2% vs market
INDIANB · May 2021: +12.1% vs market
BANDHANBNK · Apr 2025: +13.0% vs market
CPCAP · Apr 2023: +17.0% vs market
BANKBARODA · May 2021: +17.3% vs market
IDBI · Jun 2024: +20.6% vs market
MANAPPURAM · Jul 2025: +39.5% vs market
CUB · Sep 2025: +40.2% vs market
KARURVYSYA · Apr 2023: +41.1% vs market
CANBK · May 2022: +42.4% vs market
UCOBANK · Mar 2023: +44.6% vs market
UJJIVANSFB · Sep 2025: +44.8% vs market
CENTRALBK · Apr 2023: +49.9% vs market
MAHABANK · Apr 2023: +57.1% vs market
CGCL · Jan 2020: +57.9% vs market
SATIN · Jun 2022: +62.7% vs market
J&KBANK · Dec 2022: +70.8% vs market
UNIONBANK · Jan 2022: +72.1% vs market
PAISALO · Feb 2020: +157.3% vs market
Similar setups −2.7%All companies −3.4%← 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
−2.7%
All companies' median
−3.4%
Beat the market
40% vs 46%

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

The closest matches

CompanyWhenP/EP/B12M mom.DrawdownNext 12 months
CPCAP
Finance		 Apr 2023 18x0.9x +82%−8% +17%
SURYODAY
Finance		 Apr 2024 29x1.4x +104%0% −40%
NORTHARC
Finance		 Oct 2025 15x1.3x +9%−6% −2%
MAHABANK
Finance		 Apr 2023 18x1.4x +68%−12% +57%
DCBBANK
Finance		 Mar 2023 12x0.8x +54%−23% −25%
Show the other 3 matches
CompanyWhenP/EP/B12M mom.DrawdownNext 12 months
INDIANB
Finance		 May 2021 9x0.4x +220%−7% +12%
MUTHOOTCAP
Finance		 Jun 2025 12x0.8x +5%−19% −37%
J&KBANK
Finance		 Dec 2022 11x0.7x +56%−8% +71%
How reliable is this?

Matched on P/E, P/B, ROE, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: P/E, drawdown from 12-month high 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 DHANLAXMI BANK 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.

SURYODAY SMALL FINANCE BANKSURYODAY
Finance
82%similar
market capEPS growth
N. B. I. INDUSTRIAL FIN CONBIFIN
Finance
48%similar
market capEPS growth
DCB BANKDCBBANK
Finance
46%similar
P/Bmarket cap

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

What changed?

30 events since Dec '22

  1. OctPriceVolume reached 34.4x its 50-day median on 2026-10-07; price +13.9% that day.
  2. JulPriceVolume reached 7.9x its 50-day median on 2026-07-07; price +7.1% that day.
  3. JunPeer rankMoved into the 3rd quartile of Finance on ROE (from the bottom quartile).
  4. AprPriceVolume reached 37.8x its 50-day median on 2026-04-28; price +14.1% that day.
  5. MarPriceFell 57% from the Jan 2024 peak to the Mar 2026 low.
  6. JanPriceVolume reached 7.5x its 50-day median on 2026-01-21; price -2.0% that day.
  7. OctPriceVolume reached 8.1x its 50-day median on 2025-10-20; price +4.4% that day.
  8. SepPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
Show 22 earlier events
  1. JunResultsYear-on-year EPS growth turned positive.
  2. JunInstitutionsFII + DII holding rose 10.3 pts over 2 quarters to 15.3%.
  3. JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the bottom quartile).
  4. JunSharesShare count is up 56.1% over 12 months.
  5. MayValuationP/B crossed above the 90th percentile of its own history to date (1.2x).
  6. MarPriceVolume reached 13.1x its 50-day median on 2025-03-26; price +4.0% that day.
  7. DecPriceVolume reached 15.7x its 50-day median on 2024-12-26; price +5.7% that day.
  8. SepResultsYear-on-year EPS growth turned negative.
  9. SepPeer rankSlipped to the bottom quartile of Finance on EPS growth (from the 3rd quartile).
  10. JunResultsRevenue (TTM) reached a new high of ₹1,207 cr.
  11. JunInstitutionsFII + DII holding fell 5.8 pts over 1 quarter to 6.2%.
  12. JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
  13. JanPriceVolume reached 22.6x its 50-day median on 2024-01-15; price +20.0% that day.
  14. DecPriceVolume reached 8.0x its 50-day median on 2023-12-12; price +3.2% that day.
  15. SepPriceRegained the 2022-12 peak, 6 months after the low.
  16. SepPriceVolume reached 31.5x its 50-day median on 2023-09-18; price +4.4% that day.
  17. JulValuationP/B crossed above the 90th percentile of its own history to date (0.7x).
  18. JunResultsYear-on-year EPS growth turned positive.
  19. JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
  20. MarPriceFell 45% from the Dec 2022 peak to the Mar 2023 low.
  21. DecPriceRegained the 2019-04 peak, 33 months after the low.
  22. DecValuationP/B crossed above the 90th percentile of its own history to date (0.7x).

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)ROEDebt / Equity
2026-1111.2x₹1683 cr7.0%0.5x
2026-1010.7x₹1683 cr7.0%0.5x
2026-099.4x₹1683 cr7.0%0.5x
2026-0812.3x₹1602 cr7.0%0.5x
2026-0712.3x₹1602 cr7.0%0.5x
2026-0612.1x₹1602 cr7.0%0.5x
2026-0514.7x₹1510 cr5.0%0.1x
2026-0413.6x₹1510 cr5.0%0.1x
2026-038.8x₹1510 cr5.0%0.1x
2026-0211.2x₹1438 cr5.0%0.1x
2026-0111.3x₹1438 cr5.0%0.1x
2025-1211.6x₹1438 cr5.0%0.1x
2025-1112.3x₹1383 cr5.0%0.1x
2025-1012.1x₹1383 cr5.0%0.1x
2025-0911.4x₹1383 cr5.0%0.1x
2025-0815.3x₹1321 cr5.0%0.1x
2025-0716.1x₹1321 cr5.0%0.1x
2025-0618.2x₹1321 cr5.0%0.1x
2025-0530.8x₹1276 cr6.0%0.3x
2025-0427.3x₹1276 cr6.0%0.3x
2025-0328.9x₹1276 cr6.0%0.3x
2025-0238.4x₹1249 cr6.0%0.3x
2025-0142.9x₹1249 cr6.0%0.3x
2024-1251.2x₹1249 cr6.0%0.3x
2024-1148.9x₹1224 cr6.0%0.3x
2024-1051.7x₹1224 cr6.0%0.3x
2024-0955.7x₹1224 cr6.0%0.3x
2024-0821.6x₹1207 cr6.0%0.3x
2024-0724.8x₹1207 cr6.0%0.3x
2024-0623.2x₹1207 cr6.0%0.3x
2024-0526.9x₹1071 cr5.0%0.5x
2024-0428.7x₹1071 cr5.0%0.5x
2024-0326.8x₹1071 cr5.0%0.5x
2024-0229.5x₹1071 cr5.0%0.5x
2024-0135.6x₹1071 cr5.0%0.5x
2023-1219.9x₹1071 cr5.0%0.5x
2023-1118.4x₹1071 cr5.0%0.5x
2023-1018.6x₹1071 cr5.0%0.5x
2023-0918.9x₹1071 cr5.0%0.5x
2023-0815.6x₹1071 cr5.0%0.5x
2023-0714.5x₹1071 cr5.0%0.5x
2023-0611.2x₹1071 cr5.0%0.5x
2023-0514.8x₹917 cr4.0%0.2x
2023-0415.3x₹917 cr4.0%0.2x
2023-0312.9x₹917 cr4.0%0.2x
2023-0213.9x₹917 cr4.0%0.2x
2023-0116.2x₹917 cr4.0%0.2x
2022-1217.7x₹917 cr4.0%0.2x
2022-1114.5x₹917 cr4.0%0.2x
2022-1010.7x₹917 cr4.0%0.2x
2022-0910.7x₹917 cr4.0%0.2x
2022-0810.7x₹917 cr4.0%0.2x
2022-0710.7x₹917 cr4.0%0.2x
2022-0610.3x₹917 cr4.0%0.2x
2022-0511.0x₹931 cr4.0%0.2x
2022-0411.2x₹931 cr4.0%0.2x
2022-0310.7x₹931 cr4.0%0.2x
2022-0211.1x₹931 cr4.0%0.2x
2022-0112.9x₹931 cr4.0%0.2x
2021-1212.8x₹931 cr4.0%0.2x
2021-1112.2x₹931 cr4.0%0.2x
2021-1013.4x₹931 cr4.0%0.2x
2021-0913.9x₹931 cr4.0%0.2x
2021-0813.0x₹931 cr4.0%0.2x
2021-0715.2x₹931 cr4.0%0.2x
2021-0613.6x₹931 cr4.0%0.2x
2021-057.1x₹988 cr8.0%0.2x
2021-046.8x₹988 cr8.0%0.2x
2021-037.2x₹988 cr8.0%0.2x
2021-027.0x₹988 cr8.0%0.2x
2021-016.5x₹988 cr8.0%0.2x
2020-127.1x₹988 cr8.0%0.2x
2020-116.0x₹988 cr8.0%0.2x
2020-105.8x₹988 cr8.0%0.2x
2020-096.0x₹988 cr8.0%0.2x
2020-086.8x₹988 cr8.0%0.2x
2020-076.1x₹988 cr8.0%0.2x
2020-067.1x₹988 cr8.0%0.2x
2020-0526.9x₹971 cr2.0%0.3x
2020-0427.3x₹971 cr2.0%0.3x
2020-0321.8x₹971 cr2.0%0.3x
2020-0236.5x₹971 cr2.0%0.3x
2020-0140.6x₹971 cr2.0%0.3x
2019-1239.1x₹971 cr2.0%0.3x
2019-1141.1x₹971 cr2.0%0.3x
2019-1042.5x₹971 cr2.0%0.3x
2019-0938.1x₹971 cr2.0%0.3x
2019-0836.7x₹971 cr2.0%0.3x
2019-0737.7x₹971 cr2.0%0.3x
2019-0643.3x₹971 cr2.0%0.3x
2019-05—₹1013 cr-4.0%0.5x
2019-04—₹1013 cr-4.0%0.5x
2019-03—₹1013 cr-4.0%0.5x
2019-02—₹1013 cr-4.0%0.5x
2019-01—₹1013 cr-4.0%0.5x

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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