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GEOJIT FINANCIAL SERVICES LTD (GEOJITFSL)

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.55 / 100
Profitability 45Growth 30Balance sheet 90
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.27 / 100
Price 46Earnings 8
Compare withBSEBILLIONBRAINS GARAGE VENTURESMULTI COMMODITY EXCHANGE

Share price

Closing priceAdjusted for splits and bonus issues.

₹71.65 latest close · −9.9% over the last 90 sessions

₹70₹80Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹70₹80Jul 3Sep 4Nov 9

₹71.65 month-end · −3.1% over 12 months

₹50₹60₹70₹80Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹50₹60₹70₹80Nov '25May '26Nov '26

₹71.65 month-end · +18.8% over 3 years

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

₹71.65 month-end · +112.2% since Jan '19

₹50₹100₹150Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹50₹100₹150Jan '19Dec '22Nov '26

52-week range ₹50.86 to ₹86.50 · 1-year volatility 36.2%

Was the rally earned?

-3%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (-3%).
  • The share count fell 3%.
Net profit growth: −75 pts. Points of the price return explained by net profit growing (or shrinking).−75 ptsNet profit growthP/E change: +69 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+69 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: −3%−3%Share priceNet profit growth: −75 pts. Points of the price return explained by net profit growing (or shrinking).−75ProfitP/E change: +69 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+69P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: −3%−3%Share price
Net profit growth-75 ptsNet profit fell about 53%, which lowers the price.
P/E change+69 ptsThe P/E rose from 13.7x to 27.6x, which lifts the price.
Share count change+3 ptsShare count fell 3%, which lifts the price.
+19%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 17.3x to 27.6x); per-share earnings took off 32 points.
  • The share count fell 4%.
Net profit growth: −36 pts. Points of the price return explained by net profit growing (or shrinking).−36 ptsNet profit growthP/E change: +51 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+51 ptsP/E changeShare count change: +4 pts. Points of the price return explained by the share count changing. More shares count against the price.+4 ptsShare count changeShare price: +19%+19%Share priceNet profit growth: −36 pts. Points of the price return explained by net profit growing (or shrinking).−36ProfitP/E change: +51 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+51P/EShare count change: +4 pts. Points of the price return explained by the share count changing. More shares count against the price.+4SharesShare price: +19%+19%Share price
Net profit growth-36 ptsNet profit fell about 28%, which lowers the price.
P/E change+51 ptsThe P/E rose from 17.3x to 27.6x, which lifts the price.
Share count change+4 ptsShare count fell 4%, which lifts the price.
+12%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 14.5x to 27.6x); per-share earnings took off 56 points.
  • The share count fell 3%.
Net profit growth: −59 pts. Points of the price return explained by net profit growing (or shrinking).−59 ptsNet profit growthP/E change: +68 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+68 ptsP/E changeShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: +12%+12%Share priceNet profit growth: −59 pts. Points of the price return explained by net profit growing (or shrinking).−59ProfitP/E change: +68 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+68P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: +12%+12%Share price
Net profit growth-59 ptsNet profit fell about 43%, which lowers the price.
P/E change+68 ptsThe P/E rose from 14.5x to 27.6x, which lifts the price.
Share count change+3 ptsShare count fell 3%, which lifts 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-66.8%recovered 2020-12
1-year volatility36.2%annualised
Beta vs sector index1.313-year daily, correlation 0.49
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−63.6% 0%−20%−40%−60%2020202220242026−63.6%
Largest drawdowns

-66.8% (2019-01 peak to 2020-03 low, recovered 2020-12)

-65.8% (2024-09 peak to 2026-03 low, not yet recovered)

-59.1% (2021-07 peak to 2023-03 low, recovered 2024-04)

Most recent volume spikes

2026-08-24: 5.3x the 50-day median, price +2.8% 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?

27.6xP/E todayNear its historic high
Against its own history86th percentile
CheapestMedian 16.6xDearest

Usual range 8.2x to 28.7x since 2019-01.

Against Finance27.6x vs 18.1x
This company
27.6x
Sector median
18.1x

52% above the Finance median.

6.7x16.6x26.6x36.5xJan '19Aug '20Mar '22Oct '23May '25Nov '266.7x16.6x26.6x36.5xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

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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

  • ROCE54th▼ 20 pts vs a year ago
  • Op. margin36th▼ 9 pts vs a year ago
  • Revenue growth22nd▼ 27 pts vs a year ago
  • EPS growth16th▼ 21 pts vs a year ago
  • Debt/equity ↓54th▲ 5 pts vs a year ago
  • Cash cycle ↓38thflat vs a year ago
  • P/E ↓38th▼ 40 pts vs a year ago
  • 12M momentum64th▲ 49 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?

~10%annual earnings growth implied by the priceIn line with delivered growth

At normalised P/E (five-year average earnings) of 15.4x, a holder earning 12%/yr needs earnings to grow about 9.7%/yr for 10 years, then trade at 15x.

Delivered12.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−2.3 ptsimplied minus delivered
Rank577thmost demanding of 856

Over time

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

-7%6%19% Jan 2019Nov 2026 -7%6%19% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x10.8%11.8%12.8%
15x8.7%9.7%10.6%
20x6.0%6.9%7.9%

Drag a slider to test other assumptions

Implied: 9.7%/yr

Looking back

  • Jan 2020Price implied 7%/yr; EPS has since grown 14%/yr (7.0 yrs)
  • Jan 2021Price implied 15%/yr; EPS has since grown 6%/yr (6.0 yrs)
  • Jan 2022Price implied 16%/yr; EPS has since grown −11%/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
₹71.65
P/E
27.6x
ROCE
9.0%
Market Cap
₹1999 cr
Revenue (TTM)
₹664 cr
P/S
3.0x
P/B
1.7x
ROE
6.0%
Operating Margin
20.0%
Debt / Equity
0.1x
Promoter Holding
38.5%
12M Momentum
-3.1%

52-week range

₹50.86₹86.50
58% of the way from its 52-week low to its high

Price risk

1Y volatility
36.2%
Beta vs sector
1-year daily
1.03

Balance sheet & cash

Interest cover
operating profit ÷ interest
10.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.69x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 6checks within range2 near a threshold
Other income reliance20%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 19.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.69xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.69x (cash from operations ₹279 cr, net profit ₹405 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-5 daysWithin range

Debtor days are below the median of the previous three fiscal years by 5 days (62 vs 67). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress6% of fixed assetsWithin range

Capital work-in-progress is 6% 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, promoters trimmed 16.1 pts; DIIs added 10.0 pts.
  • The number of shareholders rose from 87,055 to 93,852 (+8%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters54.6%38.5%-16.1 pts
FIIs1.7%1.6%-0.1 pts
DIIs0.0%10.0%+10.0 pts
Public and others43.7%49.9%+6.2 pts

Number of shareholders

93,852shareholders+8% since Sep '23
81k88k95k1.0L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 87,055
Dec '23: 87,021
Mar '24: 85,751
Jun '24: 81,025
Sep '24: 89,954
Dec '24: 95,863
Mar '25: 97,472
Jun '25: 1.0 lakh
Sep '25: 1.0 lakh
Dec '25: 1.0 lakh
Mar '26: 97,309
Jun '26: 93,852
 81k88k95k1.0L Sep '23Sep '24Sep '25Jun '26
Sep '23: 87,055
Dec '23: 87,021
Mar '24: 85,751
Jun '24: 81,025
Sep '24: 89,954
Dec '24: 95,863
Mar '25: 97,472
Jun '25: 1.0 lakh
Sep '25: 1.0 lakh
Dec '25: 1.0 lakh
Mar '26: 97,309
Jun '26: 93,852

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

−0.7%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 GEOJIT FINANCIAL SERVICES LTD 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 −26% to +37% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (+3.9%, 80% range −16.1% to +15.9%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
KABRAEXTRU · Jan 2025: −58.4% vs market
VAIBHAVGBL · Oct 2023: −49.3% vs market
NGLFINE · Mar 2024: −47.8% vs market
SHREDIGCEM · Oct 2025: −41.1% vs market
NINSYS · Feb 2025: −39.9% vs market
GREENPANEL · Jan 2025: −38.0% vs market
NOCIL · Oct 2024: −37.4% vs market
DOLLAR · May 2024: −33.9% vs market
RAMCOIND · Mar 2021: −33.5% vs market
SANDHAR · Sep 2020: −31.2% vs market
PPAP · Oct 2020: −29.3% vs market
SHRIPISTON · Mar 2021: −28.3% vs market
HEIDELBERG · Aug 2025: −26.5% vs market
HARSHA · Nov 2024: −25.6% vs market
SEAMECLTD · Jan 2022: −24.9% vs market
IPL · May 2025: −22.8% vs market
EIMCOELECO · Sep 2020: −22.6% vs market
BALMLAWRIE · Jul 2020: −21.6% vs market
GRAPHITE · Jan 2024: −19.2% vs market
CHEMCON · Oct 2025: −19.0% vs market
SHK · Mar 2020: −18.5% vs market
BHARATRAS · Aug 2024: −15.1% vs market
UNIDT · Oct 2025: −10.9% vs market
ADVENZYMES · Aug 2023: −7.7% vs market
GUFICBIO · Sep 2024: −0.8% vs market
BANARISUG · Feb 2020: −0.7% vs market
XPROINDIA · Aug 2024: +4.1% vs market
ORIENTHOT · Jul 2024: +6.0% vs market
KRSNAA · Dec 2023: +6.7% vs market
NAVNETEDUL · Apr 2022: +13.4% vs market
GUJALKALI · Oct 2021: +14.4% vs market
BOROLTD · Aug 2023: +21.0% vs market
FINPIPE · Jun 2023: +26.4% vs market
RUPA · Nov 2020: +31.1% vs market
TTKHLTCARE · Mar 2022: +31.7% vs market
GPPL · Jan 2023: +34.9% vs market
INFOBEAN · Nov 2024: +36.1% vs market
JUBLINGREA · Jul 2024: +37.3% vs market
MAHSEAMLES · Nov 2021: +39.6% vs market
GANECOS · May 2022: +41.8% vs market
CIEINDIA · Nov 2022: +46.9% vs market
BBL · Feb 2022: +48.6% vs market
ABREL · Aug 2023: +57.7% vs market
THYROCARE · May 2024: +63.0% vs market
KENNAMET · Jul 2021: +69.3% vs market
KKCL · May 2022: +83.3% vs market
BECTORFOOD · Dec 2022: +109.9% vs market
RAILTEL · Dec 2022: +110.0% vs market
UNIPARTS · Sep 2025: +113.6% vs market
GENUSPOWER · May 2023: +138.4% vs market
Similar setups −0.7%All companies −4.6%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
−0.7%
All companies' median
−4.6%
Beat the market
48% vs 45%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SHRIPISTON
Producer Manufacturing		 Mar 2021 24x8% +100%−9% −28%
NAVNETEDUL
Producer Manufacturing		 Apr 2022 42x5% +38%−14% +13%
IPL
Process Industries		 May 2025 38x11% −3%−18% −23%
CHEMCON
Process Industries		 Oct 2025 34x7% −1%−14% −19%
TTKHLTCARE
Health Technology		 Mar 2022 25x6% +68%−5% +32%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BHARATRAS
Process Industries		 Aug 2024 56x12% +37%−4% −15%
BOROLTD
Producer Manufacturing		 Aug 2023 52x6% +26%−7% +21%
ABREL
Finance		 Aug 2023 42x8% +19%−4% +58%
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 GEOJIT FINANCIAL SERVICES LTD. 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.

CONTROL PRINT (INDIA)CONTROLPR
Electronic Technology
58%similar
EPS growthvolatility
ADVANCED ENZYME TECHNOADVENZYMES
Consumer Non-Durables
56%similar
revenuepromoter holding
GATEWAY DISTRIPARKSGATEWAY
Non-Energy Minerals
54%similar
operating marginpromoter holding
IRM ENERGYIRMENERGY
Energy Minerals
54%similar
ROCEoperating margin
SPECIALITY RESTAURANTSSPECIALITY
Consumer Services
54%similar
operating marginP/E
MEDI ASSIST HEALTHCARE SERMEDIASSIST
Finance
74%similar
operating marginmarket cap
ELDECO HOUSING & INDELDEHSG
Finance
51%similar
EPS growthROCE
FIVE PAISA CAPITAL5PAISA
Finance
41%similar
promoter holdingROCE

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

What changed?

30 events since Mar '23

  1. AugValuationP/E crossed above the 90th percentile of its own history to date (28.9x).
  2. AugPriceVolume reached 5.3x its 50-day median on 2026-08-24; price +2.8% that day.
  3. MarPromoterPromoter holding fell 13.3 pts to 38.5% (largest drop in the history since 2019-01).
  4. MarInstitutionsFII + DII holding rose 8.9 pts over 1 quarter to 12.7%.
  5. MarPriceFell 66% from the Sep 2024 peak to the Mar 2026 low.
  6. MarPeer rankSlipped to the bottom quartile of Finance on EPS growth (from the 3rd quartile).
  7. JanDebtDebt / equity halved over 12 months to 0.13x.
  8. JanPriceVolume reached 5.4x its 50-day median on 2026-01-07; price +3.6% that day.
Show 22 earlier events
  1. DecPriceVolume reached 302.8x its 50-day median on 2025-12-15; price +7.9% that day.
  2. NovPeer rankSlipped to the 2nd quartile of Finance on ROCE (from the top quartile).
  3. SepPromoterPromoter holding fell 2.9 pts to 52.1%.
  4. SepResultsYear-on-year EPS growth turned negative.
  5. SepPeer rankSlipped to the 3rd quartile of Finance on operating margin (from the 2nd quartile).
  6. SepPriceVolume reached 11.7x its 50-day median on 2025-09-23; price +8.1% that day.
  7. JunPeer rankMoved into the top quartile of Finance on ROCE (from the 2nd quartile).
  8. JunDebtDebt / equity halved over 12 months to 0.13x.
  9. JunSharesShare count is up 16.7% over 12 months.
  10. JunPriceVolume reached 8.0x its 50-day median on 2025-06-09; price +6.2% that day.
  11. SepPeer rankSlipped to the 2nd quartile of Finance on ROCE (from the top quartile).
  12. SepPriceVolume reached 28.6x its 50-day median on 2024-09-04; price +8.6% that day.
  13. JunResultsYear-on-year EPS growth turned positive.
  14. JunPeer rankMoved into the top quartile of Finance on ROCE (from the 2nd quartile).
  15. MayPriceVolume reached 29.6x its 50-day median on 2024-05-02; price +10.4% that day.
  16. AprPriceRegained the 2021-07 peak, 13 months after the low.
  17. NovPriceVolume reached 36.8x its 50-day median on 2023-11-01; price +7.7% that day.
  18. AugPriceVolume reached 10.0x its 50-day median on 2023-08-28; price +3.7% that day.
  19. JunResultsYear-on-year EPS growth turned negative.
  20. JunPeer rankSlipped to the 2nd quartile of Finance on ROCE (from the top quartile).
  21. JunPriceVolume reached 5.7x its 50-day median on 2023-06-22; price +2.4% that day.
  22. MarPriceFell 59% from the Jul 2021 peak to the Mar 2023 low.

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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1127.6x₹664 cr6.0%9.0%0.1x
2026-1024.8x₹664 cr6.2%9.0%0.1x
2026-0929.5x₹664 cr6.2%9.0%0.1x
2026-0828.9x₹648 cr6.9%9.0%0.1x
2026-0726.5x₹648 cr6.9%9.0%0.1x
2026-0627.0x₹648 cr6.9%9.0%0.1x
2026-0521.6x₹643 cr8.5%19.0%0.1x
2026-0419.1x₹643 cr8.5%19.0%0.1x
2026-0315.6x₹643 cr8.5%19.0%0.1x
2026-0215.0x₹655 cr10.4%19.0%0.1x
2026-0116.1x₹655 cr10.4%19.0%0.1x
2025-1217.7x₹655 cr10.4%19.0%0.1x
2025-1113.7x₹711 cr13.4%19.0%0.1x
2025-1013.7x₹711 cr13.4%19.0%0.1x
2025-0914.5x₹711 cr13.4%19.0%0.1x
2025-0811.8x₹748 cr14.8%19.0%0.1x
2025-0712.1x₹748 cr14.8%19.0%0.1x
2025-0614.3x₹748 cr14.8%19.0%0.1x
2025-0512.5x₹779 cr23.1%19.0%0.5x
2025-0411.1x₹779 cr23.1%19.0%0.5x
2025-0310.7x₹779 cr23.1%19.0%0.5x
2025-0210.6x₹759 cr23.2%19.0%0.5x
2025-0113.2x₹759 cr23.2%19.0%0.5x
2024-1217.2x₹759 cr23.2%19.0%0.5x
2024-1119.7x₹685 cr20.8%19.0%0.5x
2024-1021.1x₹685 cr20.8%19.0%0.5x
2024-0923.0x₹685 cr20.8%19.0%0.5x
2024-0822.9x₹623 cr17.9%19.0%0.5x
2024-0719.2x₹623 cr17.9%19.0%0.5x
2024-0618.0x₹623 cr17.9%19.0%0.5x
2024-0525.6x₹447 cr14.0%14.0%0.2x
2024-0425.0x₹447 cr14.0%14.0%0.2x
2024-0316.6x₹447 cr14.0%14.0%0.2x
2024-0219.3x₹447 cr14.0%14.0%0.2x
2024-0122.2x₹447 cr14.0%14.0%0.2x
2023-1220.2x₹447 cr14.0%14.0%0.2x
2023-1117.3x₹447 cr14.0%14.0%0.2x
2023-1015.5x₹447 cr14.0%14.0%0.2x
2023-0913.5x₹447 cr14.0%14.0%0.2x
2023-0814.7x₹447 cr14.0%14.0%0.2x
2023-0712.1x₹447 cr14.0%14.0%0.2x
2023-0612.7x₹447 cr14.0%14.0%0.2x
2023-057.1x₹500 cr22.1%27.0%0.1x
2023-047.5x₹500 cr22.1%27.0%0.1x
2023-036.7x₹500 cr22.1%27.0%0.1x
2023-027.4x₹500 cr22.1%27.0%0.1x
2023-017.7x₹500 cr22.1%27.0%0.1x
2022-127.9x₹500 cr22.1%27.0%0.1x
2022-117.9x₹500 cr22.1%27.0%0.1x
2022-108.0x₹500 cr22.1%27.0%0.1x
2022-097.9x₹500 cr22.1%27.0%0.1x
2022-087.7x₹500 cr22.1%27.0%0.1x
2022-078.4x₹500 cr22.1%27.0%0.1x
2022-068.9x₹500 cr22.1%27.0%0.1x
2022-0510.2x₹426 cr21.5%26.0%0.1x
2022-0413.4x₹426 cr21.5%26.0%0.1x
2022-0312.7x₹426 cr21.5%26.0%0.1x
2022-0213.1x₹426 cr21.5%26.0%0.1x
2022-0116.2x₹426 cr21.5%26.0%0.1x
2021-1215.3x₹426 cr21.5%26.0%0.1x

Older months are in the live observatory.

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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