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DOLAT ALGOTECH LIMITED (DOLATALGO)

Finance · Investment Banks/Brokers · 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.63 / 100
Profitability 77Growth 44Balance sheet 68
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.34 / 100
Price 25Earnings 26FII/DII 50

Passes these screensQuality CompounderValue PickDebt-light & profitableLittle growth priced in

Compare withBSEBILLIONBRAINS GARAGE VENTURESMULTI COMMODITY EXCHANGE

Share price

Closing priceAdjusted for splits and bonus issues.

₹61.18 latest close · −15.9% over the last 90 sessions

₹60₹70Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹60₹70Jul 3Sep 4Nov 9

₹61.18 month-end · −11.7% over 12 months

₹60₹70₹80₹90Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹60₹70₹80₹90Nov '25May '26Nov '26

₹61.18 month-end · −5.6% over 3 years

₹50₹100₹150Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹50₹100₹150Nov '23May '25Nov '26

₹61.18 month-end · +59.9% since Aug '19

₹50₹100₹150Aug '19Jan '21Jul '22Dec '23Jun '25Nov '26 ₹50₹100₹150Aug '19Apr '23Nov '26

52-week range ₹54.11 to ₹95.76 · 1-year volatility 33.8%

Was the rally earned?

-12%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 22 points, while the multiple moved less (P/E 6.7x to 7.5x).
  • The share count barely moved.
Net profit growth: −23 pts. Points of the price return explained by net profit growing (or shrinking).−23 ptsNet profit growthP/E change: +11 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+11 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: −12%−12%Share priceNet profit growth: −23 pts. Points of the price return explained by net profit growing (or shrinking).−23ProfitP/E change: +11 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+11P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −12%−12%Share price
Net profit growth-23 ptsNet profit fell about 22%, which lowers the price.
P/E change+11 ptsThe P/E rose from 6.7x to 7.5x, which lifts the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
-6%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 21 points, but investors now pay less per rupee of profit (P/E 9.8x to 7.5x), which took 27 points back.
  • The share count barely moved.
Net profit growth: +21 pts. Points of the price return explained by net profit growing (or shrinking).+21 ptsNet profit growthP/E change: −27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−27 ptsP/E changeShare price: −6%−6%Share priceNet profit growth: +21 pts. Points of the price return explained by net profit growing (or shrinking).+21ProfitP/E change: −27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−27P/EShare price: −6%−6%Share price
Net profit growth+21 ptsNet profit rose about 24%, which lifts the price.
P/E change-27 ptsThe P/E fell from 9.8x to 7.5x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-28%share price, 5 yearsMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 10.2x to 7.5x); per-share earnings took off 2 points.
  • The share count barely moved.
Net profit growth: −2 pts. Points of the price return explained by net profit growing (or shrinking).−2 ptsNet profit growthP/E change: −26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−26 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: −28%−28%Share priceNet profit growth: −2 pts. Points of the price return explained by net profit growing (or shrinking).−2ProfitP/E change: −26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−26P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −28%−28%Share price
Net profit growth-2 ptsNet profit fell about 2%, which lowers the price.
P/E change-26 ptsThe P/E fell from 10.2x to 7.5x, 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 BSE

How rough has the ride been?

Maximum drawdown-69.1%not yet recovered
1-year volatility33.8%annualised
Beta vs sector index1.223-year daily, correlation 0.44
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−69.1% 0%−20%−40%−60%2020202220242026−69.1%
Largest drawdowns

-69.1% (2024-09 peak to 2026-10 low, not yet recovered)

-67.6% (2021-08 peak to 2023-03 low, recovered 2024-05)

-63.4% (2019-10 peak to 2020-03 low, recovered 2021-07)

Most recent volume spikes

2026-08-19: 9.3x the 50-day median, price +5.6% that day

2026-08-07: 6.8x the 50-day median, price +5.4% 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?

7.5xP/E todayWithin its usual range
Against its own history27th percentile
CheapestMedian 10.2xDearest

Usual range 6.6x to 17.5x since 2019-08.

Against Finance7.5x vs 18.1x
This company
7.5x
Sector median
18.1x

59% below the Finance median.

4.4x11.9x19.4x27.0xAug '19Feb '21Aug '22Feb '24Aug '25Nov '264.4x11.9x19.4x27.0xAug '19Jan '22Jun '24Nov '26
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

  • ROCE80th▼ 10 pts vs a year ago
  • Op. margin75th▲ 4 pts vs a year ago
  • Revenue growth17th▼ 28 pts vs a year ago
  • EPS growth31stflat vs a year ago
  • Debt/equity ↓41st▼ 16 pts vs a year ago
  • Cash cycle ↓89thflat vs a year ago
  • P/E ↓90th▼ 3 pts vs a year ago
  • 12M momentum56th▲ 52 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?

~3%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 6.9x, a holder earning 12%/yr needs earnings to grow about 3.4%/yr for 10 years, then trade at 15x.

Delivered13.3%/yrEPS, last 8 fiscal years · 3-yr avg to 3-yr avg
Gap−9.9 ptsimplied minus delivered
Rank702ndmost demanding of 856

Over time

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

0%9%19% Aug 2019Nov 2026 0%9%19% Aug 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x4.8%5.7%6.7%
15x2.5%3.4%4.3%
20x−0.4%0.5%1.4%

Drag a slider to test other assumptions

Implied: 3.4%/yr

Looking back

  • Jan 2020Price implied 15%/yr; EPS has since grown 14%/yr (7.0 yrs)
  • Jan 2021Price implied 11%/yr; EPS has since grown 11%/yr (6.0 yrs)
  • Jan 2022Price implied 8%/yr; EPS has since grown −3%/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
₹61.18
P/E
7.5x
ROCE
18.0%
Market Cap
₹1077 cr
Revenue (TTM)
₹433 cr
P/S
2.5x
P/B
1.0x
ROE
12.7%
Operating Margin
60.0%
Debt / Equity
0.3x
Promoter Holding
74.5%
12M Momentum
-11.7%

52-week range

₹54.11₹95.76
17% of the way from its 52-week low to its high

Price risk

1Y volatility
33.8%
Beta vs sector
1-year daily
0.71

Balance sheet & cash

Interest cover
operating profit ÷ interest
5.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.11x
low
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 6checks within range1 beyond a threshold
Other income reliance0%Within range

Other income as a share of pre-tax profit (trailing twelve months): 0.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate28%Within range

Median quarterly effective tax rate over about 2.5 years: 28.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.11xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.11x (cash from operations ₹53 cr, net profit ₹503 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 history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (0 vs 0). 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, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders rose from 40,988 to 56,351 (+37%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters74.5%74.5%0.0 pts
FIIs0.0%0.1%0.0 pts
DIIs0.0%0.0%0.0 pts
Public and others25.5%25.5%0.0 pts

Number of shareholders

56,351shareholders+37% since Sep '23
39k47k56k64k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 40,988
Dec '23: 39,036
Mar '24: 43,983
Jun '24: 50,440
Sep '24: 55,553
Dec '24: 63,943
Mar '25: 64,015
Jun '25: 63,420
Sep '25: 64,031
Dec '25: 61,529
Mar '26: 58,239
Jun '26: 56,351
 39k47k56k64k Sep '23Sep '24Sep '25Jun '26
Sep '23: 40,988
Dec '23: 39,036
Mar '24: 43,983
Jun '24: 50,440
Sep '24: 55,553
Dec '24: 63,943
Mar '25: 64,015
Jun '25: 63,420
Sep '25: 64,031
Dec '25: 61,529
Mar '26: 58,239
Jun '26: 56,351

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

+12.5%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 DOLAT ALGOTECH 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 −14% to +55% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (+15.0%, 80% range −1.7% to +22.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
GATEWAY · May 2024: −38.3% vs market
TRANSWORLD · Apr 2023: −33.8% vs market
BAJAJHCARE · Apr 2023: −29.0% vs market
JAGRAN · Feb 2020: −28.4% vs market
DBCORP · Jun 2021: −26.0% vs market
PTL · Nov 2023: −21.8% vs market
BALMLAWRIE · Sep 2020: −20.6% vs market
GRINFRA · Feb 2025: −19.9% vs market
VINDHYATEL · Aug 2020: −19.4% vs market
COCHINSHIP · Jun 2021: −19.1% vs market
HEIDELBERG · May 2023: −18.0% vs market
ANDHRSUGAR · Feb 2020: −14.4% vs market
5PAISA · Jul 2025: −14.1% vs market
MANINFRA · Aug 2024: −13.3% vs market
RUCHINFRA · Jun 2022: −10.5% vs market
ELDEHSG · Nov 2024: −7.5% vs market
MARATHON · Feb 2025: −6.9% vs market
GIPCL · Oct 2025: −5.6% vs market
ORIENTCEM · Jun 2022: −4.4% vs market
GESHIP · Nov 2024: −3.2% vs market
MSTCLTD · May 2022: −3.2% vs market
SHAREINDIA · Oct 2025: −0.6% vs market
BLISSGVS · Oct 2023: +5.4% vs market
HINDOILEXP · Oct 2025: +5.8% vs market
PCBL · Oct 2021: +11.5% vs market
SEMAC · Nov 2020: +13.6% vs market
HEG · Feb 2024: +15.4% vs market
ORIENTCER · Apr 2020: +16.7% vs market
GEOJITFSL · Mar 2024: +19.6% vs market
ARIHANTCAP · Mar 2024: +20.5% vs market
GHCL · Dec 2021: +30.7% vs market
EXCELINDUS · Feb 2021: +30.9% vs market
VISHNU · Aug 2024: +32.7% vs market
TAJGVK · Aug 2024: +33.7% vs market
SHREEPUSHK · Nov 2020: +39.4% vs market
JKIL · Apr 2020: +43.9% vs market
GANESHBE · Sep 2025: +46.5% vs market
KIRLOSIND · Oct 2020: +58.0% vs market
NAVKARCORP · Oct 2023: +60.6% vs market
BALRAMCHIN · Apr 2020: +76.3% vs market
LGBBROSLTD · Apr 2021: +76.8% vs market
JKPAPER · Jul 2020: +77.0% vs market
GODFRYPHLP · Aug 2022: +77.0% vs market
SEAMECLTD · Sep 2025: +78.2% vs market
SARDAEN · Jun 2024: +86.7% vs market
KSL · Dec 2023: +104.7% vs market
AMBIKCO · Feb 2021: +115.0% vs market
IIFLCAPS · Jul 2023: +118.6% vs market
POKARNA · Aug 2020: +132.7% vs market
SMSPHARMA · Mar 2020: +156.9% vs market
Similar setups +12.5%All companies −2.5%← 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median
+12.5%
All companies' median
−2.5%
Beat the market
56% vs 47%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GEOJITFSL
Finance		 Mar 2024 17x14% +61%−27% +20%
GHCL
Process Industries		 Dec 2021 11x15% +84%−21% +31%
GIPCL
Utilities		 Oct 2025 11x16% −11%−28% −6%
GESHIP
Transportation		 Nov 2024 6x19% +26%−24% −3%
ANDHRSUGAR
Process Industries		 Feb 2020 4x21% −23%−37% −14%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ORIENTCER
Non-Energy Minerals		 Apr 2020 3x— −44%−48% +17%
PCBL
Process Industries		 Oct 2021 12x17% +56%−20% +12%
KSL
Non-Energy Minerals		 Dec 2023 9x23% +34%−12% +105%
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, 12-month momentum and debt/equity. 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 DOLAT ALGOTECH 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.

XCHANGING SOLUTIONSXCHANGING
Technology Services
72%similar
ROCEvolatility
ALLDIGI TECHALLDIGI
Technology Services
62%similar
revenue growthmarket cap
KEWAL KIRAN CLOTHINGKKCL
Consumer Non-Durables
59%similar
EPS growthpromoter holding
AVT NATURAL PRODUCTSAVTNPL
Consumer Non-Durables
56%similar
debt/equitypromoter holding
CANTABIL RETAIL INDIACANTABIL
Consumer Non-Durables
55%similar
promoter holdingrevenue growth
ARKADE DEVELOPERSARKADE
Finance
48%similar
ROCEvolatility
ARIHANT CAPITAL MARKETSARIHANTCAP
Finance
46%similar
market capoperating margin
VARDHMAN HOLDINGSVHL
Finance
40%similar
market capvolatility

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

What changed?

30 events since Sep '22

  1. OctPriceFell 69% from the Sep 2024 peak to the Oct 2026 low.
  2. SepPeer rankSlipped to the 2nd quartile of Finance on operating margin (from the top quartile).
  3. AugPriceVolume reached 9.3x its 50-day median on 2026-08-19; price +5.6% that day.
  4. JunDividendDividend payout cut from 2% to 1% of profit.
  5. MayPriceVolume reached 5.2x its 50-day median on 2026-05-22; price -5.1% that day.
  6. MarPeer rankMoved into the top quartile of Finance on operating margin (from the 2nd quartile).
  7. DecPeer rankSlipped to the bottom quartile of Finance on EPS growth (from the 3rd quartile).
  8. DecPriceVolume reached 122.6x its 50-day median on 2025-12-09; price +13.8% that day.
Show 22 earlier events
  1. SepResultsYear-on-year EPS growth turned negative.
  2. SepPeer rankSlipped to the 2nd quartile of Finance on operating margin (from the top quartile).
  3. JunPeer rankMoved into the top quartile of Finance on operating margin (from the 2nd quartile).
  4. MayPriceVolume reached 9.6x its 50-day median on 2025-05-30; price +8.9% that day.
  5. MarPeer rankSlipped to the 2nd quartile of Finance on operating margin (from the top quartile).
  6. MarPriceVolume reached 10.6x its 50-day median on 2025-03-19; price +17.0% that day.
  7. FebValuationP/E fell below the 10th percentile of its own history to date (5.3x).
  8. DecPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
  9. AugPriceVolume reached 7.3x its 50-day median on 2024-08-06; price -1.5% that day.
  10. JunResultsYear-on-year EPS growth turned positive.
  11. JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
  12. MayPriceRegained the 2021-08 peak, 14 months after the low.
  13. AprValuationP/E crossed above the 90th percentile of its own history to date (18.6x).
  14. AprPriceVolume reached 25.1x its 50-day median on 2024-04-26; price +9.1% that day.
  15. JanPriceVolume reached 35.4x its 50-day median on 2024-01-31; price +20.0% that day.
  16. OctPriceVolume reached 17.1x its 50-day median on 2023-10-10; price +10.9% that day.
  17. AugPriceVolume reached 33.3x its 50-day median on 2023-08-30; price +16.9% that day.
  18. JunResultsYear-on-year EPS growth turned negative.
  19. MayPriceVolume reached 5.0x its 50-day median on 2023-05-26; price -8.9% that day.
  20. MarPriceFell 68% from the Aug 2021 peak to the Mar 2023 low.
  21. NovPriceVolume reached 10.7x its 50-day median on 2022-11-03; price +0.4% that day.
  22. SepPriceVolume reached 5.1x its 50-day median on 2022-09-05; price -1.9% 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 history88 months · 2019-08 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-117.5x₹433 cr12.7%18.0%0.3x
2026-107.2x₹433 cr12.8%18.0%0.3x
2026-097.9x₹433 cr12.8%18.0%0.3x
2026-089.8x₹404 cr11.5%18.0%0.3x
2026-079.3x₹404 cr11.5%18.0%0.3x
2026-069.9x₹404 cr11.5%18.0%0.3x
2026-0510.6x₹392 cr12.3%35.0%0.1x
2026-0411.2x₹392 cr12.3%35.0%0.1x
2026-039.5x₹392 cr12.3%35.0%0.1x
2026-0211.0x₹403 cr12.2%35.0%0.1x
2026-0111.6x₹403 cr12.2%35.0%0.1x
2025-1213.2x₹403 cr12.2%35.0%0.1x
2025-116.7x₹490 cr18.3%35.0%0.1x
2025-107.6x₹490 cr18.3%35.0%0.1x
2025-097.7x₹490 cr18.3%35.0%0.1x
2025-086.5x₹531 cr21.6%35.0%0.1x
2025-077.4x₹531 cr21.6%35.0%0.1x
2025-068.2x₹531 cr21.6%35.0%0.1x
2025-057.3x₹561 cr30.9%30.0%0.1x
2025-046.1x₹561 cr30.9%30.0%0.1x
2025-036.1x₹561 cr30.9%30.0%0.1x
2025-025.3x₹541 cr31.4%30.0%0.1x
2025-017.4x₹541 cr31.4%30.0%0.1x
2024-129.0x₹541 cr31.4%30.0%0.1x
2024-1110.4x₹481 cr27.4%30.0%0.1x
2024-1011.4x₹481 cr27.4%30.0%0.1x
2024-0911.5x₹481 cr27.4%30.0%0.1x
2024-0818.0x₹376 cr19.9%30.0%0.1x
2024-0715.9x₹376 cr19.9%30.0%0.1x
2024-0615.2x₹376 cr19.9%30.0%0.1x
2024-0520.6x₹279 cr18.1%26.0%0.2x
2024-0418.6x₹279 cr18.1%26.0%0.2x
2024-0310.4x₹279 cr18.1%26.0%0.2x
2024-0210.7x₹279 cr18.1%26.0%0.2x
2024-0113.5x₹279 cr18.1%26.0%0.2x
2023-129.5x₹279 cr18.1%26.0%0.2x
2023-119.8x₹279 cr18.1%26.0%0.2x
2023-108.9x₹279 cr18.1%26.0%0.2x
2023-097.2x₹279 cr18.1%26.0%0.2x
2023-087.6x₹279 cr18.1%26.0%0.2x
2023-077.1x₹279 cr18.1%26.0%0.2x
2023-067.0x₹279 cr18.1%26.0%0.2x
2023-054.6x₹322 cr31.8%43.0%0.3x
2023-045.5x₹322 cr31.8%43.0%0.3x
2023-034.4x₹322 cr31.8%43.0%0.3x
2023-025.2x₹322 cr31.8%43.0%0.3x
2023-016.3x₹322 cr31.8%43.0%0.3x
2022-126.7x₹322 cr31.8%43.0%0.3x
2022-117.1x₹322 cr31.8%43.0%0.3x
2022-106.9x₹322 cr31.8%43.0%0.3x
2022-097.6x₹322 cr31.8%43.0%0.3x
2022-087.2x₹322 cr31.8%43.0%0.3x
2022-077.2x₹322 cr31.8%43.0%0.3x
2022-067.1x₹322 cr31.8%43.0%0.3x
2022-059.2x₹285 cr40.4%64.0%0.3x
2022-0411.5x₹285 cr40.4%64.0%0.3x
2022-0310.2x₹285 cr40.4%64.0%0.3x
2022-029.4x₹285 cr40.4%64.0%0.3x
2022-0110.2x₹285 cr40.4%64.0%0.3x
2021-1210.8x₹285 cr40.4%64.0%0.3x
2021-1110.2x₹285 cr40.4%64.0%0.3x
2021-1010.1x₹285 cr40.4%64.0%0.3x
2021-0910.6x₹285 cr40.4%64.0%0.3x
2021-0812.0x₹285 cr40.4%64.0%0.3x
2021-0714.1x₹285 cr40.4%64.0%0.3x
2021-068.9x₹285 cr40.4%64.0%0.3x
2021-0517.1x₹158 cr32.3%62.0%0.0x
2021-0415.7x₹158 cr32.3%62.0%0.0x
2021-0317.3x₹158 cr32.3%62.0%0.0x
2021-0213.4x₹158 cr32.3%62.0%0.0x
2021-0114.0x₹158 cr32.3%62.0%0.0x
2020-1214.3x₹158 cr32.3%62.0%0.0x
2020-1111.5x₹158 cr32.3%62.0%0.0x
2020-1011.4x₹158 cr32.3%62.0%0.0x
2020-0912.5x₹158 cr32.3%62.0%0.0x
2020-0813.2x₹158 cr32.3%62.0%0.0x
2020-0711.8x₹158 cr32.3%62.0%0.0x
2020-0612.1x₹158 cr32.3%62.0%0.0x
2020-0514.2x₹116 cr33.8%—0.0x
2020-0415.0x₹116 cr33.8%—0.0x
2020-0312.3x₹116 cr33.8%—0.0x
2020-0218.3x₹116 cr33.8%—0.0x
2020-0119.1x₹116 cr33.8%—0.0x
2019-1222.6x₹116 cr33.8%—0.0x
2019-1122.6x₹116 cr33.8%—0.0x
2019-1027.0x₹116 cr33.8%—0.0x
2019-0917.9x₹116 cr33.8%—0.0x
2019-0813.3x₹116 cr33.8%—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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