अApnaFunda

EASY TRIP PLANNERS LIMITED (EASEMYTRIP)

Consumer Services · Other Consumer Services · 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 15Growth 50Balance sheet 100
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.47 / 100
Price 45Earnings 3FII/DII 92

Share price

Closing priceAdjusted for splits and bonus issues.

₹6.01 latest close · −14.1% over the last 90 sessions

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

₹6.01 month-end · −15.5% over 12 months

₹6₹7₹8Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹6₹7₹8Nov '25May '26Nov '26

₹6.01 month-end · −68.6% over 3 years

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

₹6.01 month-end · −7.3% since Mar '21

₹10₹20₹30Mar '21May '22Jun '23Aug '24Sep '25Nov '26 ₹10₹20₹30Mar '21Jan '24Nov '26

52-week range ₹5.10 to ₹10.60 · 1-year volatility 54.8%

How rough has the ride been?

Maximum drawdown-84.4%not yet recovered
1-year volatility54.8%annualised
Beta vs sector index0.973-year daily, correlation 0.41
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%20222023202420252026−83.7% 0%−25%−50%−75%202220242026−83.7%
Largest drawdowns

-84.4% (2022-11 peak to 2026-10 low, not yet recovered)

-29.9% (2021-09 peak to 2021-10 low, recovered 2022-03)

-21.9% (2022-05 peak to 2022-06 low, recovered 2022-11)

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).

Where does it rank among Consumer Services peers?

Each cell is the company's percentile rank among its Consumer Services 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

  • ROCE19th▼ 62 pts vs a year ago
  • Op. margin12th▼ 6 pts vs a year ago
  • Revenue growth36th▲ 24 pts vs a year ago
  • EPS growth10th▼ 14 pts vs a year ago
  • Debt/equity ↓74thflat vs a year ago
  • Cash cycle ↓13th▼ 3 pts vs a year ago
  • P/E ↓2nd▼ 40 pts vs a year ago
  • 12M momentum60th▲ 56 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 Consumer Services sector page Watch it move against Consumer Services in the Observatory

What is the price implying?

Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.

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

What prices imply across Consumer Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹6.01
ROCE
1.0%
Market Cap
₹2395 cr
Revenue (TTM)
₹557 cr
P/S
4.3x
P/B
3.0x
ROE
-7.0%
Operating Margin
-10.0%
Debt / Equity
0.0x
Promoter Holding
43.6%
12M Momentum
-15.5%

52-week range

₹5.10₹10.60
17% of the way from its 52-week low to its high

Price risk

1Y volatility
54.8%
Beta vs sector
1-year daily
0.99

Balance sheet & cash

Interest cover
operating profit ÷ interest
-8.3x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.41x
Share count, 1Y
+2.8%

Are profits backed by cash?

2 of 4checks within range2 near a threshold
Other income reliance—Not enough data

Not enough reported data to compute this.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion1.41xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.41x (cash from operations ₹232 cr, net profit ₹164 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+42 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 42 days (186 vs 144). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress8% of fixed assetsWithin range

Capital work-in-progress is 8% 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 2 years, promoters trimmed 20.7 pts; FIIs added 3.8 pts.
  • The number of shareholders rose from 4.6 lakh to 9.9 lakh (+114%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters64.3%43.6%-20.7 pts
FIIs2.2%6.0%+3.8 pts
DIIs2.4%2.0%-0.4 pts
Public and others31.2%48.5%+17.3 pts

Number of shareholders

9.9 lakhshareholders+114% since Dec '23
4.6L6.8L8.9L11.0L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 4.6 lakh
Mar '24: 7.5 lakh
Jun '24: 7.4 lakh
Sep '24: 9.2 lakh
Dec '24: 10.5 lakh
Mar '25: 11.0 lakh
Jun '25: 10.9 lakh
Sep '25: 10.8 lakh
Dec '25: 10.5 lakh
Mar '26: 10.2 lakh
Jun '26: 9.9 lakh
4.6L6.8L8.9L11.0L Dec '23Dec '24Dec '25Jun '26
Dec '23: 4.6 lakh
Mar '24: 7.5 lakh
Jun '24: 7.4 lakh
Sep '24: 9.2 lakh
Dec '24: 10.5 lakh
Mar '25: 11.0 lakh
Jun '25: 10.9 lakh
Sep '25: 10.8 lakh
Dec '25: 10.5 lakh
Mar '26: 10.2 lakh
Jun '26: 9.9 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

−14.5%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like EASY TRIP PLANNERS 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 −31% to +13% vs the market, against −3% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −11.2%, 80% range −22.2% to −5.1%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DCAL · Dec 2021: −54.6% vs market
NEXTMEDIA · Jun 2020: −52.3% vs market
ZODIACLOTH · Feb 2020: −50.6% vs market
HEG · Dec 2021: −44.4% vs market
GOLDTECH · Jul 2024: −41.4% vs market
MTNL · Feb 2025: −40.1% vs market
RENUKA · Apr 2023: −35.4% vs market
DWARKESH · Jan 2023: −34.1% vs market
CCHHL · Jan 2025: −33.6% vs market
GTLINFRA · Oct 2022: −33.4% vs market
SEPC · Feb 2024: −32.6% vs market
OLECTRA · Jan 2020: −32.1% vs market
BHEL · Jun 2021: −31.5% vs market
ALOKINDS · Aug 2024: −30.8% vs market
NDTV · Jun 2024: −30.0% vs market
KREBSBIO · Dec 2024: −29.7% vs market
JHS · Dec 2023: −29.4% vs market
NSLNISP · Jun 2024: −29.2% vs market
SUBEXLTD · Jul 2023: −28.3% vs market
ITDC · Jul 2021: −26.0% vs market
BROOKS · Jun 2022: −24.4% vs market
LOVABLE · Jul 2023: −22.6% vs market
EMAMIREAL · May 2025: −21.5% vs market
PALASHSECU · May 2025: −20.7% vs market
BALAJITELE · Mar 2020: −15.6% vs market
DEN · Feb 2020: −13.4% vs market
SCHAND · Apr 2021: −8.5% vs market
KIOCL · Nov 2024: −8.1% vs market
AHLEAST · Oct 2022: −7.7% vs market
SCHNEIDER · Oct 2020: −6.6% vs market
MOTOGENFIN · Feb 2020: −4.3% vs market
UNICHEMLAB · Jul 2023: −2.6% vs market
MAXIND · Aug 2024: −2.4% vs market
GREAVESCOT · Dec 2021: −1.9% vs market
ASIANTILES · May 2025: −0.5% vs market
NURECA · May 2025: +7.8% vs market
CARTRADE · Feb 2023: +12.9% vs market
HATHWAY · Feb 2020: +13.2% vs market
DHANI · Jul 2024: +18.6% vs market
JAICORPLTD · Sep 2023: +18.7% vs market
WALCHANNAG · Jun 2025: +20.5% vs market
ARROWGREEN · Mar 2021: +25.6% vs market
ASHIANA · Nov 2020: +31.1% vs market
PANACEABIO · Sep 2024: +46.7% vs market
63MOONS · Feb 2023: +55.3% vs market
SMARTLINK · Dec 2020: +91.7% vs market
GMDCLTD · Jun 2021: +99.2% vs market
SHILPAMED · Dec 2023: +110.0% vs market
GENESYS · Sep 2020: +111.3% vs market
TEJASNET · Dec 2020: +126.3% vs market
Similar setups −14.5%All companies −3.3%← 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
−14.5%
All companies' median
−3.3%
Beat the market
30% vs 46%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DEN
Consumer Services
Feb 2020 —-1% −31%−48% −13%
SUBEXLTD
Technology Services
Jul 2023 —-6% +23%−26% −28%
KIOCL
Non-Energy Minerals
Nov 2024 —-2% +22%−33% −8%
UNICHEMLAB
Health Technology
Jul 2023 —-5% +33%−14% −3%
PALASHSECU
Consumer Non-Durables
May 2025 —-2% −8%−35% −21%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
CARTRADE
Technology Services
Feb 2023 —-6% −13%−35% +13%
HATHWAY
Consumer Services
Feb 2020 —0% −23%−44% +13%
ASHIANA
Finance
Nov 2020 —-1% −1%−21% +31%
How reliable is this?

Matched on 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 ROCE. Not used (unavailable for this company): P/E. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 EASY TRIP PLANNERS 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.

NIITNIITLTD
Commercial Services
73%similar
operating marginvolatility
Technology Services
71%similar
volatilityoperating margin
Electronic Technology
65%similar
ROCEvolatility
Process Industries
65%similar
promoter holdingROCE
Consumer Non-Durables
59%similar
revenue growthvolatility
Consumer Services
42%similar
debt/equityROCE
Consumer Services
25%similar
volatilityrevenue
DELTA CORPDELTACORP
Consumer Services
24%similar
volatilitymarket cap

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

What changed?

30 events since Jun '23

  1. OctPriceFell 84% from the Nov 2022 peak to the Oct 2026 low.
  2. SepPromoterPromoter holding fell 4.2 pts to 43.6% (largest drop since 2024-12).
  3. SepInstitutionsFII + DII holding rose 5.0 pts over 2 quarters to 7.9%.
  4. JunPeer rankSlipped to the bottom quartile of Consumer Services on ROCE (from the top quartile).
  5. JunPriceVolume reached 43.9x its 50-day median on 2026-06-10; price +12.1% that day.
  6. MarResultsEPS (TTM) turned negative.
  7. MarSharesShare count is up 100.0% over 12 months.
  8. FebPriceVolume reached 80.8x its 50-day median on 2026-02-18; price +1.4% that day.
Show 22 earlier events
  1. DecInstitutionsFII + DII holding fell 3.7 pts over 2 quarters to 3.0%.
  2. DecValuationP/E crossed above the 90th percentile of its own history to date (183.5x).
  3. DecPriceVolume reached 42.1x its 50-day median on 2025-12-02; price +19.8% that day.
  4. SepPeer rankSlipped to the bottom quartile of Consumer Services on operating margin (from the 3rd quartile).
  5. AugPriceVolume reached 6.8x its 50-day median on 2025-08-20; price +6.6% that day.
  6. JunValuationP/E fell below the 10th percentile of its own history to date (36.2x).
  7. JunPeer rankSlipped to the 3rd quartile of Consumer Services on operating margin (from the top quartile).
  8. JunDividendDividend payout cut from 17% to 0% of profit.
  9. MayPriceVolume reached 7.8x its 50-day median on 2025-05-05; price +8.9% that day.
  10. FebValuationP/E fell below the 10th percentile of its own history to date (46.9x).
  11. JanPriceVolume reached 6.1x its 50-day median on 2025-01-06; price +4.4% that day.
  12. DecPromoterPromoter holding fell 13.9 pts to 50.4%.
  13. DecPriceVolume reached 10.4x its 50-day median on 2024-12-31; price -6.9% that day.
  14. SepPeer rankMoved into the top quartile of Consumer Services on operating margin (from the 2nd quartile).
  15. SepPriceVolume reached 67.7x its 50-day median on 2024-09-25; price -16.3% that day.
  16. JunResultsYear-on-year EPS growth turned negative.
  17. JunPeer rankSlipped to the 3rd quartile of Consumer Services on EPS growth (from the 2nd quartile).
  18. JunDividendStarted paying a dividend (payout 17% of profit).
  19. JanPriceVolume reached 27.5x its 50-day median on 2024-01-11; price +17.1% that day.
  20. OctPriceVolume reached 8.9x its 50-day median on 2023-10-16; price +3.8% that day.
  21. JulPriceVolume reached 13.7x its 50-day median on 2023-07-12; price +1.1% that day.
  22. JunResultsRevenue (TTM) reached a new high of ₹449 cr.

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 history69 months · 2021-03 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11—₹557 cr-7.0%1.0%0.0x
2026-10—₹557 cr-7.0%1.0%0.0x
2026-09—₹557 cr-7.0%1.0%0.0x
2026-08—₹536 cr-5.6%1.0%0.0x
2026-07—₹536 cr-5.6%1.0%0.0x
2026-06—₹536 cr-5.6%1.0%0.0x
2026-05—₹523 cr-1.6%21.0%0.1x
2026-04—₹523 cr-1.6%21.0%0.1x
2026-03—₹523 cr-1.6%21.0%0.1x
2026-02215.5x₹522 cr2.2%21.0%0.1x
2026-01157.8x₹522 cr2.2%21.0%0.1x
2025-12183.5x₹522 cr2.2%21.0%0.1x
2025-1135.5x₹549 cr9.7%21.0%0.1x
2025-1039.7x₹549 cr9.7%21.0%0.1x
2025-0940.0x₹549 cr9.7%21.0%0.1x
2025-0828.7x₹588 cr14.1%21.0%0.1x
2025-0733.9x₹588 cr14.1%21.0%0.1x
2025-0636.2x₹588 cr14.1%21.0%0.1x
2025-0553.4x₹613 cr12.3%40.0%0.0x
2025-0457.3x₹613 cr12.3%40.0%0.0x
2025-0355.8x₹613 cr12.3%40.0%0.0x
2025-0246.9x₹623 cr14.2%40.0%0.0x
2025-0154.0x₹623 cr14.2%40.0%0.0x
2024-1263.4x₹623 cr14.2%40.0%0.0x
2024-1158.0x₹620 cr17.2%40.0%0.0x
2024-1053.3x₹620 cr17.2%40.0%0.0x
2024-0954.9x₹620 cr17.2%40.0%0.0x
2024-0868.5x₹591 cr16.0%40.0%0.0x
2024-0771.3x₹591 cr16.0%40.0%0.0x
2024-0671.0x₹591 cr16.0%40.0%0.0x
2024-0553.8x₹449 cr33.7%51.0%0.2x
2024-0459.7x₹449 cr33.7%51.0%0.2x
2024-0354.9x₹449 cr33.7%51.0%0.2x
2024-0262.0x₹449 cr33.7%51.0%0.2x
2024-0160.5x₹449 cr33.7%51.0%0.2x
2023-1251.7x₹449 cr33.7%51.0%0.2x
2023-1149.1x₹449 cr33.7%51.0%0.2x
2023-1050.7x₹449 cr33.7%51.0%0.2x
2023-0952.0x₹449 cr33.7%51.0%0.2x
2023-0853.3x₹449 cr33.7%51.0%0.2x
2023-0752.0x₹449 cr33.7%51.0%0.2x
2023-0651.9x₹449 cr33.7%51.0%0.2x
2023-0576.6x₹235 cr41.9%63.0%0.2x
2023-0480.0x₹235 cr41.9%63.0%0.2x
2023-0372.7x₹235 cr41.9%63.0%0.2x
2023-0277.8x₹235 cr41.9%63.0%0.2x
2023-0186.7x₹235 cr41.9%63.0%0.2x
2022-1287.8x₹235 cr41.9%63.0%0.2x
2022-11104.7x₹235 cr41.9%63.0%0.2x
2022-1080.6x₹235 cr41.9%63.0%0.2x
2022-0978.3x₹235 cr41.9%63.0%0.2x
2022-0881.4x₹235 cr41.9%63.0%0.2x
2022-0788.6x₹235 cr41.9%63.0%0.2x
2022-0681.5x₹235 cr41.9%63.0%0.2x
2022-05132.2x₹138 cr34.8%62.0%0.1x
2022-04142.1x₹138 cr34.8%62.0%0.1x
2022-03118.3x₹138 cr34.8%62.0%0.1x
2022-0299.6x₹138 cr34.8%62.0%0.1x
2022-0196.6x₹138 cr34.8%62.0%0.1x
2021-1293.6x₹138 cr34.8%62.0%0.1x
2021-1187.2x₹138 cr34.8%62.0%0.1x
2021-1083.1x₹138 cr34.8%62.0%0.1x
2021-09103.2x₹138 cr34.8%62.0%0.1x
2021-0878.1x₹138 cr34.8%62.0%0.1x
2021-0771.0x₹138 cr34.8%62.0%0.1x
2021-0668.3x₹138 cr34.8%62.0%0.1x
2021-05113.9x₹141 cr2.1%—0.1x
2021-0465.0x₹141 cr2.1%—0.1x
2021-0372.0x₹141 cr2.1%—0.1x

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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