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DPSC Limited (DPSCLTD)

Utilities · Electric Utilities · 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.41 / 100
Profitability 13Growth 24Balance sheet 88
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.48 / 100
Price 42Earnings 51FII/DII 52

Passes these screensCash Rich

Compare withADANI POWERNTPCADANI GREEN ENERGY

Share price

Closing priceAdjusted for splits and bonus issues.

₹6.71 latest close · −10.7% over the last 90 sessions

₹6₹7Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹6₹7Jul 3Sep 4Nov 9

₹6.71 month-end · −39.4% over 12 months

₹6₹8₹10Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹6₹8₹10Nov '25May '26Nov '26

₹6.71 month-end · −67.5% over 3 years

₹10₹20Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹10₹20Nov '23May '25Nov '26

₹6.71 month-end · −46.3% since Jan '19

₹10₹20Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹10₹20Jan '19Dec '22Nov '26

52-week range ₹5.42 to ₹11.97 · 1-year volatility 36.7%

Was the rally earned?

-39%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 49 points, but investors now pay less per rupee of profit (P/E 158.3x to 51.6x), which took 88 points back.
  • The share count barely moved.
Net profit growth: +49 pts. Points of the price return explained by net profit growing (or shrinking).+49 ptsNet profit growthP/E change: −88 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−88 ptsP/E changeShare price: −39%−39%Share priceNet profit growth: +49 pts. Points of the price return explained by net profit growing (or shrinking).+49ProfitP/E change: −88 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−88P/EShare price: −39%−39%Share price
Net profit growth+49 ptsNet profit rose about 86%, which lifts the price.
P/E change-88 ptsThe P/E fell from 158.3x to 51.6x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-68%share price, 3 yearsMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 129.1x to 51.6x); per-share earnings took off 12 points.
  • The share count fell 3%.
Net profit growth: −14 pts. Points of the price return explained by net profit growing (or shrinking).−14 ptsNet profit growthP/E change: −55 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−55 ptsP/E changeShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2 ptsShare count changeShare price: −67%−67%Share priceNet profit growth: −14 pts. Points of the price return explained by net profit growing (or shrinking).−14ProfitP/E change: −55 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−55P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: −67%−67%Share price
Net profit growth-14 ptsNet profit fell about 21%, which lowers the price.
P/E change-55 ptsThe P/E fell from 129.1x to 51.6x, which lowers the price.
Share count change+2 ptsShare count fell 3%, which lifts the price.
-72%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings took off 42 points and the multiple took off 30 points (P/E 87.4x to 51.6x).
  • The share count barely moved.
Net profit growth: −41 pts. Points of the price return explained by net profit growing (or shrinking).−41 ptsNet profit growthP/E change: −30 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−30 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: −72%−72%Share priceNet profit growth: −41 pts. Points of the price return explained by net profit growing (or shrinking).−41ProfitP/E change: −30 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−30P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −72%−72%Share price
Net profit growth-41 ptsNet profit fell about 51%, which lowers the price.
P/E change-30 ptsThe P/E fell from 87.4x to 51.6x, which lowers the price.
Share count change-1 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 ADANI POWER

How rough has the ride been?

Maximum drawdown-80.6%not yet recovered
1-year volatility36.7%annualised
Beta vs sector index0.563-year daily, correlation 0.31
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−79.3% 0%−25%−50%−75%2020202220242026−79.3%
Largest drawdowns

-80.6% (2021-12 peak to 2026-10 low, not yet recovered)

-70.2% (2019-08 peak to 2020-03 low, recovered 2021-01)

-35.5% (2019-01 peak to 2019-08 low, recovered 2019-08)

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?

51.6xP/E todayNear its historic low
Against its own history12th percentile
CheapestMedian 81.6xDearest

Usual range 51.4x to 125.4x since 2019-01.

Against Utilities51.6x vs 27.3x
This company
51.6x
Sector median
27.3x

89% above the Utilities median.

7.4x68.0x128.7x189.3xJan '19Aug '20Mar '22Oct '23May '25Nov '267.4x68.0x128.7x189.3xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianUtilities median

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P/B (this company)10th to 90th percentile of its own historyIts medianUtilities median

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P/S (this company)10th to 90th percentile of its own historyIts medianUtilities 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 Utilities is valued

Where does it rank among Utilities peers?

Each cell is the company's percentile rank among its Utilities 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

  • ROCE15thflat vs a year ago
  • Op. margin11th▼ 6 pts vs a year ago
  • Revenue growth57th▲ 42 pts vs a year ago
  • EPS growth98th▲ 89 pts vs a year ago
  • Debt/equity ↓86th▲ 6 pts vs a year ago
  • Cash cycle ↓100th▲ 57 pts vs a year ago
  • P/E ↓28th▲ 21 pts vs a year ago
  • 12M momentum15th▲ 8 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 Utilities sector page Watch it move against Utilities in the Observatory

What is the price implying?

~24%annual earnings growth implied by the price

At a P/E of 48.7x, the price would imply about 24.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Utilities The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹6.71
P/E
51.6x
ROCE
3.0%
Market Cap
₹653 cr
Revenue (TTM)
₹683 cr
P/S
1.0x
P/B
0.7x
ROE
1.4%
Operating Margin
-1.8%
Debt / Equity
0.1x
Promoter Holding
59.1%
12M Momentum
-39.4%

52-week range

₹5.42₹11.97
20% of the way from its 52-week low to its high

Price risk

1Y volatility
36.7%
Beta vs sector
1-year daily
0.53

Balance sheet & cash

Interest cover
operating profit ÷ interest
1.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
5.00x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 6checks within range1 beyond a threshold
Other income reliance300%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 300.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate29%Within range

Median quarterly effective tax rate over about 2.5 years: 29.4%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion6.46xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 6.46x (cash from operations ₹239 cr, net profit ₹37 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-12 daysWithin range

Debtor days are below the median of the previous three fiscal years by 12 days (64 vs 76). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% 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 41,049 to 1.1 lakh (+160%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters59.5%59.1%-0.3 pts
FIIs0.0%0.1%+0.1 pts
DIIs0.1%0.1%0.0 pts
Public and others40.4%40.6%+0.2 pts

Number of shareholders

1.1 lakhshareholders+160% since Sep '23
41k66k90k1.1L Sep '23Mar '24Sep '24Mar '25Sep '25Jun '26
Sep '23: 41,049
Dec '23: 59,233
Mar '24: 92,956
Jun '24: 98,434
Sep '24: 1.1 lakh
Dec '24: 1.1 lakh
Mar '25: 1.1 lakh
Jun '25: 1.1 lakh
Sep '25: 1.1 lakh
Dec '25: 1.1 lakh
Jun '26: 1.1 lakh
 41k66k90k1.1L Sep '23Sep '24Sep '25Jun '26
Sep '23: 41,049
Dec '23: 59,233
Mar '24: 92,956
Jun '24: 98,434
Sep '24: 1.1 lakh
Dec '24: 1.1 lakh
Mar '25: 1.1 lakh
Jun '25: 1.1 lakh
Sep '25: 1.1 lakh
Dec '25: 1.1 lakh
Jun '26: 1.1 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

+9.6%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like DPSC 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 +44% vs the market, against −5% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +14.6%, 80% range +3.6% to +28.0%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
RAMASTEEL · Sep 2025: −53.8% vs market
VIKASECO · Sep 2025: −48.0% vs market
BAJAJELEC · Oct 2025: −45.0% vs market
INVENTURE · Aug 2025: −40.0% vs market
EVERESTIND · Aug 2024: −35.8% vs market
ENIL · Oct 2025: −34.2% vs market
EXXARO · Jan 2024: −27.3% vs market
AHLEAST · Jan 2020: −26.9% vs market
SANGHIIND · Jan 2020: −23.1% vs market
ATULAUTO · Nov 2024: −19.7% vs market
VIPCLOTHNG · Jan 2024: −17.2% vs market
REPRO · Jul 2024: −14.8% vs market
WIPL · Jul 2020: −14.1% vs market
MIRZAINT · Oct 2024: −13.1% vs market
PPAP · Mar 2022: −13.0% vs market
FORCEMOT · Apr 2021: −12.9% vs market
HTMEDIA · Jul 2022: −9.4% vs market
DMCC · Jan 2024: −6.0% vs market
MANALIPETC · Dec 2024: −5.9% vs market
DOLLAR · Jun 2023: −2.9% vs market
NIPPOBATRY · Jun 2022: +0.1% vs market
DYNPRO · Jun 2024: +1.9% vs market
BAJEL · Apr 2025: +2.9% vs market
SHILPAMED · Feb 2023: +8.3% vs market
PLAZACABLE · Oct 2025: +9.2% vs market
AERONEU · May 2024: +10.1% vs market
TARMAT · Aug 2025: +13.6% vs market
DIAMONDYD · Jul 2024: +16.0% vs market
YUKEN · Jan 2024: +23.5% vs market
SUBROS · Nov 2022: +26.5% vs market
PILITA · Mar 2023: +27.5% vs market
SHEMAROO · Jun 2022: +28.3% vs market
GSFC · Jun 2020: +32.4% vs market
BYKE · Aug 2023: +34.0% vs market
ORIENTBELL · May 2025: +34.4% vs market
YATRA · Dec 2024: +42.0% vs market
BEML · Sep 2020: +43.5% vs market
ALANKIT · Feb 2023: +43.8% vs market
APOLLOPIPE · Sep 2025: +51.7% vs market
KCP · Jun 2023: +56.3% vs market
ACLGATI · Apr 2020: +56.8% vs market
NELCAST · Mar 2022: +58.5% vs market
BHEL · Jun 2022: +62.4% vs market
MADHAVBAUG · Jan 2025: +71.5% vs market
STYRENIX · Oct 2020: +78.6% vs market
ASHIANA · Apr 2020: +81.3% vs market
SAGCEM · May 2020: +82.1% vs market
HSCL · Dec 2021: +115.3% vs market
JPPOWER · Jun 2023: +117.5% vs market
NEULANDLAB · Feb 2020: +260.5% vs market
Similar setups +9.6%All companies −5.0%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
+9.6%
All companies' median
−5.0%
Beat the market
60% vs 45%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
REPRO
Commercial Services		 Jul 2024 81x6% −10%−28% −15%
EVERESTIND
Distribution Services		 Aug 2024 99x4% −4%−19% −36%
PPAP
Producer Manufacturing		 Mar 2022 127x2% −4%−42% −13%
PLAZACABLE
Producer Manufacturing		 Oct 2025 64x4% −39%−44% +9%
STYRENIX
Process Industries		 Oct 2020 49x— −22%−41% +79%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DIAMONDYD
Consumer Non-Durables		 Jul 2024 106x1% +5%−35% +16%
SAGCEM
Non-Energy Minerals		 May 2020 42x7% −60%−61% +82%
TARMAT
Industrial Services		 Aug 2025 62x2% −41%−49% +14%
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: 12-month momentum, drawdown from 12-month high and P/E. 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 DPSC 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.

TVTODAY NETWORKTVTODAY
Consumer Services
65%similar
market capROCE
FAIRCHEM ORGANICSFAIRCHEMOR
Process Industries
64%similar
ROCEP/E
PRATAAP SNACKSDIAMONDYD
Consumer Non-Durables
62%similar
ROCEpromoter holding
APCOTEX INDUSTRIESAPCOTEXIND
Process Industries
60%similar
promoter holdingdebt/equity
SAURASHTRA CEMENTSAURASHCEM
Non-Energy Minerals
60%similar
ROCEdebt/equity
TEXMACO INFRA & HOLDINGSTEXINFRA
Utilities
34%similar
ROCEoperating margin
INOX GREEN ENERGY SERVICESINOXGREEN
Utilities
33%similar
operating marginrevenue growth
BAJEL PROJECTSBAJEL
Utilities
30%similar
operating marginpromoter holding

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

What changed?

30 events since May '22

  1. OctPriceFell 81% from the Dec 2021 peak to the Oct 2026 low.
  2. SepValuationP/E fell below the 10th percentile of its own history to date (52.3x).
  3. JunResultsYear-on-year EPS growth turned positive.
  4. JunPeer rankMoved into the top quartile of Utilities on EPS growth (from the bottom quartile).
  5. JunDividendDividend payout cut from 69% to 0% of profit.
  6. AprValuationP/E crossed above the 90th percentile of its own history to date (143.6x).
  7. JanPriceVolume reached 5.3x its 50-day median on 2026-01-12; price -6.1% that day.
  8. SepPriceVolume reached 7.1x its 50-day median on 2025-09-18; price +6.2% that day.
Show 22 earlier events
  1. JunResultsYear-on-year EPS growth turned negative.
  2. JunValuationP/E crossed above the 90th percentile of its own history to date (189.3x).
  3. JunPeer rankSlipped to the bottom quartile of Utilities on EPS growth (from the 3rd quartile).
  4. JunPriceVolume reached 8.3x its 50-day median on 2025-06-11; price +1.2% that day.
  5. SepPeer rankSlipped to the bottom quartile of Utilities on operating margin (from the 3rd quartile).
  6. JulPriceVolume reached 16.3x its 50-day median on 2024-07-16; price -6.3% that day.
  7. JunPriceVolume reached 8.9x its 50-day median on 2024-06-12; price +9.8% that day.
  8. AprValuationP/E crossed above the 90th percentile of its own history to date (106.5x).
  9. MarResultsYear-on-year EPS growth turned positive.
  10. MarPeer rankMoved into the 2nd quartile of Utilities on EPS growth (from the 3rd quartile).
  11. JanPriceVolume reached 7.0x its 50-day median on 2024-01-24; price +10.0% that day.
  12. NovPriceVolume reached 29.9x its 50-day median on 2023-11-10; price +10.0% that day.
  13. JulValuationP/E crossed above the 90th percentile of its own history to date (94.4x).
  14. JulPriceVolume reached 50.3x its 50-day median on 2023-07-28; price +14.3% that day.
  15. JunPeer rankMoved into the 3rd quartile of Utilities on EPS growth (from the bottom quartile).
  16. MayPriceVolume reached 10.9x its 50-day median on 2023-05-26; price +13.4% that day.
  17. MarPriceVolume reached 5.6x its 50-day median on 2023-03-29; price +5.7% that day.
  18. DecPriceVolume reached 12.8x its 50-day median on 2022-12-06; price +10.2% that day.
  19. AugPriceVolume reached 33.9x its 50-day median on 2022-08-25; price +19.4% that day.
  20. JunResultsYear-on-year EPS growth turned negative.
  21. JunPeer rankSlipped to the bottom quartile of Utilities on EPS growth (from the top quartile).
  22. MayValuationP/E fell below the 10th percentile of its own history to date (45.2x).

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)ROEROCEDebt / Equity
2026-1151.6x₹683 cr1.4%3.0%0.1x
2026-1048.3x₹683 cr1.4%3.0%0.1x
2026-0952.3x₹683 cr1.4%3.0%0.1x
2026-0855.3x₹683 cr1.4%3.0%0.1x
2026-0756.5x₹683 cr1.4%3.0%0.1x
2026-0657.0x₹683 cr1.4%3.0%0.1x
2026-05121.0x₹654 cr0.8%3.0%0.2x
2026-04143.6x₹654 cr0.8%3.0%0.2x
2026-03101.1x₹654 cr0.8%3.0%0.2x
2026-02117.0x₹657 cr0.9%3.0%0.2x
2026-01109.9x₹657 cr0.9%3.0%0.2x
2025-12125.6x₹657 cr0.9%3.0%0.2x
2025-11158.3x₹612 cr0.8%3.0%0.2x
2025-10169.0x₹612 cr0.8%3.0%0.2x
2025-09172.7x₹612 cr0.8%3.0%0.2x
2025-08171.6x₹620 cr0.8%3.0%0.2x
2025-07182.0x₹620 cr0.8%3.0%0.2x
2025-06189.3x₹620 cr0.8%3.0%0.2x
2025-0578.0x₹646 cr1.6%4.0%0.2x
2025-0475.1x₹646 cr1.6%4.0%0.2x
2025-0366.6x₹646 cr1.6%4.0%0.2x
2025-0266.3x₹630 cr1.8%4.0%0.2x
2025-0185.1x₹630 cr1.8%4.0%0.2x
2024-1293.4x₹630 cr1.8%4.0%0.2x
2024-11100.4x₹643 cr1.7%4.0%0.2x
2024-1099.3x₹643 cr1.7%4.0%0.2x
2024-09110.1x₹643 cr1.7%4.0%0.2x
2024-08106.0x₹650 cr1.7%4.0%0.2x
2024-07125.1x₹650 cr1.7%4.0%0.2x
2024-0696.2x₹650 cr1.7%4.0%0.2x
2024-05100.3x₹648 cr1.6%4.0%0.3x
2024-04106.5x₹648 cr1.6%4.0%0.3x
2024-0390.6x₹648 cr1.6%4.0%0.3x
2024-02120.3x₹623 cr1.6%4.0%0.3x
2024-01151.3x₹623 cr1.6%4.0%0.3x
2023-12122.2x₹623 cr1.6%4.0%0.3x
2023-11129.1x₹623 cr1.6%4.0%0.3x
2023-1090.3x₹623 cr1.6%4.0%0.3x
2023-09109.7x₹623 cr1.6%4.0%0.3x
2023-0888.1x₹623 cr1.6%4.0%0.3x
2023-0794.4x₹623 cr1.6%4.0%0.3x
2023-0671.6x₹623 cr1.6%4.0%0.3x
2023-0569.4x₹582 cr1.1%3.0%0.2x
2023-0465.6x₹582 cr1.1%3.0%0.2x
2023-0364.7x₹582 cr1.1%3.0%0.2x
2023-0273.8x₹582 cr1.1%3.0%0.2x
2023-0176.3x₹582 cr1.1%3.0%0.2x
2022-1282.2x₹582 cr1.1%3.0%0.2x
2022-1181.6x₹582 cr1.1%3.0%0.2x
2022-1084.1x₹582 cr1.1%3.0%0.2x
2022-0981.6x₹582 cr1.1%3.0%0.2x
2022-0889.1x₹582 cr1.1%3.0%0.2x
2022-0776.3x₹582 cr1.1%3.0%0.2x
2022-0676.9x₹582 cr1.1%3.0%0.2x
2022-0545.2x₹525 cr1.6%3.0%0.2x
2022-0451.3x₹525 cr1.6%3.0%0.2x
2022-0349.8x₹525 cr1.6%3.0%0.2x
2022-0252.6x₹525 cr1.6%3.0%0.2x
2022-0161.5x₹525 cr1.6%3.0%0.2x
2021-1262.8x₹525 cr1.6%3.0%0.2x
2021-1187.4x₹525 cr1.6%3.0%0.2x
2021-1056.7x₹525 cr1.6%3.0%0.2x
2021-0958.5x₹525 cr1.6%3.0%0.2x
2021-0857.8x₹525 cr1.6%3.0%0.2x
2021-0760.2x₹525 cr1.6%3.0%0.2x
2021-0667.8x₹525 cr1.6%3.0%0.2x
2021-0592.5x₹481 cr0.8%4.0%0.2x
2021-0487.1x₹481 cr0.8%4.0%0.2x
2021-0383.2x₹481 cr0.8%4.0%0.2x
2021-0296.4x₹481 cr0.8%4.0%0.2x
2021-0190.4x₹481 cr0.8%4.0%0.2x
2020-1284.6x₹481 cr0.8%4.0%0.2x
2020-1182.1x₹481 cr0.8%4.0%0.2x
2020-1085.0x₹481 cr0.8%4.0%0.2x
2020-0998.9x₹481 cr0.8%4.0%0.2x
2020-0883.9x₹481 cr0.8%4.0%0.2x
2020-0786.4x₹481 cr0.8%4.0%0.2x
2020-0663.2x₹481 cr0.8%4.0%0.2x
2020-0543.5x₹526 cr1.4%2.0%0.4x
2020-0447.1x₹526 cr1.4%2.0%0.4x
2020-0336.2x₹526 cr1.4%2.0%0.4x
2020-0249.4x₹526 cr1.4%2.0%0.4x
2020-0147.6x₹526 cr1.4%2.0%0.4x
2019-1251.2x₹526 cr1.4%2.0%0.4x
2019-1156.2x₹526 cr1.4%2.0%0.4x
2019-1055.0x₹526 cr1.4%2.0%0.4x
2019-0962.4x₹526 cr1.4%2.0%0.4x
2019-0880.0x₹526 cr1.4%2.0%0.4x
2019-0754.7x₹526 cr1.4%2.0%0.4x
2019-0657.4x₹526 cr1.4%2.0%0.4x
2019-0557.3x₹736 cr0.4%2.0%0.8x
2019-0456.3x₹736 cr0.4%2.0%0.8x
2019-0367.3x₹736 cr0.4%2.0%0.8x
2019-0264.0x₹736 cr0.4%2.0%0.8x
2019-0162.5x₹736 cr0.4%2.0%0.8x

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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