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GLOBAL EDUCATION LTD (GLOBAL)

Commercial Services

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.79 / 100
Profitability 92Growth 44Balance 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.63 / 100
Price 97Earnings 34FII/DII 59
Divergence: price ahead of business
Compare withFIRSTSOURCE SOLUTIONS LTDNBCC (INDIA) LIMITEDINTL GEMOLOGICAL INSTITUTE LTD

Passes these screens: Quality Compounder · High Momentum · Debt-light & profitable · Price ahead of business · Near 52-week high

Share Price
₹143.74
P/E
28.1x
ROCE
29.0%
Market Cap
₹731 cr
Revenue (TTM)
₹93 cr
P/S
7.8x
P/B
5.6x
ROE
19.9%
Operating Margin
41.0%
Debt / Equity
0.0x
Promoter Holding
72.7%
12M Momentum
103.5%
P/E vs its own history95th percentilesince Dec '20
P/E vs Commercial Services1.4xthe sector median

52-week range

₹60.65₹146.50
97% of the way from its 52-week low to its high

Price risk

1Y volatility
43.2%
Beta vs sector
1-year daily
0.67

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
0.73x
Share count, 1Y
unchanged

Was the rally earned?

+104%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 14.2x to 28.1x); per-share earnings added 5 points.
  • The share count barely moved.
1 year Net profit growth: +5 pts. Points of the price return explained by net profit growing (or shrinking).P/E change: +99 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+99 ptsShare count change: -0 pts. Points of the price return explained by the share count changing. More shares count against the price. +104% 1 year Net profit growth: +5 pts. Points of the price return explained by net profit growing (or shrinking).P/E change: +99 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+99 ptsShare count change: -0 pts. Points of the price return explained by the share count changing. More shares count against the price. +104%
Net profit growth+5 ptsNet profit rose about 3%, which lifts the price.
P/E change+99 ptsThe P/E rose from 14.2x to 28.1x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+88%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 17.2x to 28.1x); per-share earnings added 20 points.
  • The share count barely moved.
3 years Net profit growth: +17 pts. Points of the price return explained by net profit growing (or shrinking).+17 ptsP/E change: +68 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+68 ptsShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price. +88% 3 years Net profit growth: +17 pts. Points of the price return explained by net profit growing (or shrinking).+17 ptsP/E change: +68 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+68 ptsShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price. +88%
Net profit growth+17 ptsNet profit rose about 13%, which lifts the price.
P/E change+68 ptsThe P/E rose from 17.2x to 28.1x, which lifts the price.
Share count change+3 ptsShare count was little changed. More shares would count against the price.
+1530%share price, 5 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 655 points and the multiple added 875 points (P/E 5.7x to 28.1x).
  • The share count barely moved.
5 years Net profit growth: +647 pts. Points of the price return explained by net profit growing (or shrinking).+647 ptsP/E change: +875 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+875 ptsShare count change: +8 pts. Points of the price return explained by the share count changing. More shares count against the price. +1530% 5 years Net profit growth: +647 pts. Points of the price return explained by net profit growing (or shrinking).+647 ptsP/E change: +875 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+875 ptsShare count change: +8 pts. Points of the price return explained by the share count changing. More shares count against the price. +1530%
Net profit growth+647 ptsNet profit rose about 225%, which lifts the price.
P/E change+875 ptsThe P/E rose from 5.7x to 28.1x, which lifts the price.
Share count change+8 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 FIRSTSOURCE SOLUTIONS

Is it expensive against its own past and its peers?

28.1xP/E todayNear its historic high
Against its own history95th percentileMedian 12.1x; usual range 6.1x to 26.9x since 2020-12.
Against Commercial Services28.1x vs 19.9xAbove the Commercial Services median.
4.7x16.7x28.7x40.8xDec '20Feb '22Apr '23Jun '24Aug '25Oct '264.7x16.7x28.7x40.8xDec '20Dec '22Dec '24Oct '26
P/E (this company)10th to 90th percentile of its own historyIts medianCommercial Services median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianCommercial Services median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dashed 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 Commercial Services is valued

What is the price implying?

~18%annual earnings growth implied by the price

At a P/E of 29.9x, the price would imply about 18.4%/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 Commercial Services The market-wide Expectations lists

What changed?

  1. Oct '26Volume reached 6.1x its 50-day median on 2026-10-01; price +2.8% that day.
  2. Sep '26Year-on-year EPS growth turned positive.
  3. Sep '26Regained the 2024-01 peak, 18 months after the low.
  4. Sep '26P/E crossed above the 90th percentile of its own history to date (25.9x).
  5. Sep '26Volume reached 13.1x its 50-day median on 2026-09-04; price +3.6% that day.
  6. May '26Volume reached 5.9x its 50-day median on 2026-05-06; price +11.2% that day.
  7. Mar '26Revenue (TTM) reached a new high of ₹86 cr.
  8. Feb '26Volume reached 11.9x its 50-day median on 2026-02-10; price +5.0% that day.
Show 22 earlier events
  1. Oct '25Volume reached 24.1x its 50-day median on 2025-10-17; price +5.3% that day.
  2. Jun '25Year-on-year EPS growth turned negative.
  3. Jun '25Slipped to the 3rd quartile of Commercial Services on EPS growth (from the 2nd quartile).
  4. May '25Volume reached 5.3x its 50-day median on 2025-05-19; price -9.3% that day.
  5. Mar '25Fell 70% from the Jan 2024 peak to the Mar 2025 low.
  6. Mar '25Slipped to the 2nd quartile of Commercial Services on EPS growth (from the top quartile).
  7. Mar '25Volume reached 6.2x its 50-day median on 2025-03-20; price +10.7% that day.
  8. Dec '24Revenue (TTM) reached a new high of ₹76 cr.
  9. Oct '24Volume reached 15.4x its 50-day median on 2024-10-16; price +14.6% that day.
  10. Aug '24Volume reached 12.4x its 50-day median on 2024-08-27; price +8.1% that day.
  11. Jun '24Revenue (TTM) reached a new high of ₹75 cr.
  12. Apr '24Volume reached 10.5x its 50-day median on 2024-04-16; price +4.8% that day.
  13. Jan '24Volume reached 9.8x its 50-day median on 2024-01-23; price -12.1% that day.
  14. Nov '23Regained the 2022-10 peak, 8 months after the low.
  15. Nov '23P/E crossed above the 90th percentile of its own history to date (27.9x).
  16. Nov '23Volume reached 20.3x its 50-day median on 2023-11-08; price +14.8% that day.
  17. Sep '23Volume reached 5.4x its 50-day median on 2023-09-05; price +5.0% that day.
  18. Jun '23Revenue (TTM) reached a new high of ₹62 cr.
  19. Jun '23Moved into the top quartile of Commercial Services on EPS growth (from the 2nd quartile).
  20. May '23Volume reached 16.9x its 50-day median on 2023-05-02; price +17.8% that day.
  21. Mar '23Fell 53% from the Oct 2022 peak to the Mar 2023 low.
  22. Oct '22Regained the 2022-09 peak, 1 month after the 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

Are profits backed by cash?

5 of 7 checks are within range, 2 near a threshold.
Tap a check to see how it is measured.

Other income reliance10%Within range

Other income as a share of pre-tax profit (trailing twelve months): 10.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.3%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.73xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.73x (cash from operations ₹64 cr, net profit ₹88 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

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

Receivable days vs history+33 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 33 days (164 vs 131). 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-46 days / 2 yrsWithin range

Days payable changed by -46 over two years. Bands: rise of up to 30 days; more than 30 days.

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 added 1.8 pts.
  • The number of shareholders fell from 19,179 to 16,909 (-12%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters70.9%72.7%+1.8 pts
FIIs0.1%0.0%-0.1 pts
DIIs0.0%0.1%+0.1 pts
Public and others28.9%27.2%-1.8 pts

Number of shareholders

16,909shareholders-12% since Dec '23
17k20k22k25k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 19,179
Mar '24: 20,638
Jun '24: 20,349
Sep '24: 20,390
Dec '24: 23,408
Mar '25: 25,032
Jun '25: 24,081
Sep '25: 22,554
Dec '25: 19,760
Mar '26: 17,712
Jun '26: 16,909
 17k20k22k25k Dec '23Dec '24Dec '25Jun '26
Dec '23: 19,179
Mar '24: 20,638
Jun '24: 20,349
Sep '24: 20,390
Dec '24: 23,408
Mar '25: 25,032
Jun '25: 24,081
Sep '25: 22,554
Dec '25: 19,760
Mar '26: 17,712
Jun '26: 16,909

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

How rough has the ride been?

Maximum drawdown-69.8%recovered 2026-09
1-year volatility43.2%annualised
Beta vs sector index0.813-year daily, correlation 0.33
Volume spikes10last 90 sessions, 5x the 50-day median

Monthly share price

₹7₹53₹98₹144 Dec '20Feb '22Apr '23Jun '24Aug '25Oct '26
2020-12: ₹13.44
2021-01: ₹10.64
2021-02: ₹9.76
2021-03: ₹7.26
2021-04: ₹9.22
2021-05: ₹10.56
2021-06: ₹10.02
2021-07: ₹9.34
2021-08: ₹8.88
2021-09: ₹8.84
2021-10: ₹8.82
2021-11: ₹7.98
2021-12: ₹12.90
2022-01: ₹17.64
2022-02: ₹13.88
2022-03: ₹13.88
2022-04: ₹16.50
2022-05: ₹18.86
2022-06: ₹60.92
2022-07: ₹73.36
2022-08: ₹86.80
2022-09: ₹72.12
2022-10: ₹106.74
2022-11: ₹93.48
2022-12: ₹83.18
2023-01: ₹83.50
2023-02: ₹76.36
2023-03: ₹62.16
2023-04: ₹72.76
2023-05: ₹79.82
2023-06: ₹77.54
2023-07: ₹70.20
2023-08: ₹75.48
2023-09: ₹75.60
2023-10: ₹76.34
2023-11: ₹123.68
2023-12: ₹120.06
2024-01: ₹124.04
2024-02: ₹104.86
2024-03: ₹92.06
2024-04: ₹98.68
2024-05: ₹76.78
2024-06: ₹68.06
2024-07: ₹77.91
2024-08: ₹82.97
2024-09: ₹74.73
2024-10: ₹73.00
2024-11: ₹75.63
2024-12: ₹71.40
2025-01: ₹61.36
2025-02: ₹51.37
2025-03: ₹41.76
2025-04: ₹57.59
2025-05: ₹60.76
2025-06: ₹62.99
2025-07: ₹66.87
2025-08: ₹66.56
2025-09: ₹65.11
2025-10: ₹70.65
2025-11: ₹83.74
2025-12: ₹89.60
2026-01: ₹81.82
2026-02: ₹100.52
2026-03: ₹92.82
2026-04: ₹103.60
2026-05: ₹100.80
2026-06: ₹103.95
2026-07: ₹104.06
2026-08: ₹107.02
2026-09: ₹132.80
2026-10: ₹143.74
 ₹7₹53₹98₹144 Dec '20Dec '22Dec '24Oct '26
2020-12: ₹13.44
2021-01: ₹10.64
2021-02: ₹9.76
2021-03: ₹7.26
2021-04: ₹9.22
2021-05: ₹10.56
2021-06: ₹10.02
2021-07: ₹9.34
2021-08: ₹8.88
2021-09: ₹8.84
2021-10: ₹8.82
2021-11: ₹7.98
2021-12: ₹12.90
2022-01: ₹17.64
2022-02: ₹13.88
2022-03: ₹13.88
2022-04: ₹16.50
2022-05: ₹18.86
2022-06: ₹60.92
2022-07: ₹73.36
2022-08: ₹86.80
2022-09: ₹72.12
2022-10: ₹106.74
2022-11: ₹93.48
2022-12: ₹83.18
2023-01: ₹83.50
2023-02: ₹76.36
2023-03: ₹62.16
2023-04: ₹72.76
2023-05: ₹79.82
2023-06: ₹77.54
2023-07: ₹70.20
2023-08: ₹75.48
2023-09: ₹75.60
2023-10: ₹76.34
2023-11: ₹123.68
2023-12: ₹120.06
2024-01: ₹124.04
2024-02: ₹104.86
2024-03: ₹92.06
2024-04: ₹98.68
2024-05: ₹76.78
2024-06: ₹68.06
2024-07: ₹77.91
2024-08: ₹82.97
2024-09: ₹74.73
2024-10: ₹73.00
2024-11: ₹75.63
2024-12: ₹71.40
2025-01: ₹61.36
2025-02: ₹51.37
2025-03: ₹41.76
2025-04: ₹57.59
2025-05: ₹60.76
2025-06: ₹62.99
2025-07: ₹66.87
2025-08: ₹66.56
2025-09: ₹65.11
2025-10: ₹70.65
2025-11: ₹83.74
2025-12: ₹89.60
2026-01: ₹81.82
2026-02: ₹100.52
2026-03: ₹92.82
2026-04: ₹103.60
2026-05: ₹100.80
2026-06: ₹103.95
2026-07: ₹104.06
2026-08: ₹107.02
2026-09: ₹132.80
2026-10: ₹143.74

Last 90 trading days

₹99₹114₹130₹145 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹107.17
2026-06-25: ₹106.02
2026-06-30: ₹103.95
2026-07-02: ₹101.88
2026-07-06: ₹103.11
2026-07-08: ₹99.91
2026-07-10: ₹102.18
2026-07-14: ₹102.15
2026-07-16: ₹102.22
2026-07-20: ₹100.16
2026-07-22: ₹101.74
2026-07-24: ₹101.99
2026-07-28: ₹104.99
2026-07-30: ₹102.82
2026-08-03: ₹101.36
2026-08-05: ₹104.01
2026-08-07: ₹101.84
2026-08-11: ₹100.12
2026-08-13: ₹102.48
2026-08-17: ₹107.47
2026-08-19: ₹107.58
2026-08-21: ₹106.98
2026-08-25: ₹106.71
2026-08-27: ₹110.98
2026-08-31: ₹107.02
2026-09-02: ₹117.31
2026-09-04: ₹120.45
2026-09-08: ₹126.62
2026-09-10: ₹123.56
2026-09-15: ₹126.23
2026-09-17: ₹127.17
2026-09-21: ₹130.60
2026-09-23: ₹134.45
2026-09-25: ₹135.40
2026-09-29: ₹133.01
2026-10-01: ₹136.51
2026-10-06: ₹142.62
2026-10-08: ₹141.41
2026-10-12: ₹143.12
2026-10-14: ₹144.19
2026-10-16: ₹142.70
2026-10-21: ₹143.19
2026-10-23: ₹139.95
2026-10-27: ₹141.57
2026-10-29: ₹144.30
2026-10-30: ₹143.74
 ₹99₹114₹130₹145 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹107.17
2026-06-25: ₹106.02
2026-06-30: ₹103.95
2026-07-02: ₹101.88
2026-07-06: ₹103.11
2026-07-08: ₹99.91
2026-07-10: ₹102.18
2026-07-14: ₹102.15
2026-07-16: ₹102.22
2026-07-20: ₹100.16
2026-07-22: ₹101.74
2026-07-24: ₹101.99
2026-07-28: ₹104.99
2026-07-30: ₹102.82
2026-08-03: ₹101.36
2026-08-05: ₹104.01
2026-08-07: ₹101.84
2026-08-11: ₹100.12
2026-08-13: ₹102.48
2026-08-17: ₹107.47
2026-08-19: ₹107.58
2026-08-21: ₹106.98
2026-08-25: ₹106.71
2026-08-27: ₹110.98
2026-08-31: ₹107.02
2026-09-02: ₹117.31
2026-09-04: ₹120.45
2026-09-08: ₹126.62
2026-09-10: ₹123.56
2026-09-15: ₹126.23
2026-09-17: ₹127.17
2026-09-21: ₹130.60
2026-09-23: ₹134.45
2026-09-25: ₹135.40
2026-09-29: ₹133.01
2026-10-01: ₹136.51
2026-10-06: ₹142.62
2026-10-08: ₹141.41
2026-10-12: ₹143.12
2026-10-14: ₹144.19
2026-10-16: ₹142.70
2026-10-21: ₹143.19
2026-10-23: ₹139.95
2026-10-27: ₹141.57
2026-10-29: ₹144.30
2026-10-30: ₹143.74

Drawdown from peak

0% -35% -70% Dec '20Nov '23Oct '26 0% -35% -70% Dec '20Nov '23Oct '26
Largest drawdowns

-69.8% (2024-01 peak to 2025-03 low, recovered 2026-09)

-53.2% (2022-10 peak to 2023-03 low, recovered 2023-11)

-50.9% (2020-12 peak to 2021-03 low, recovered 2022-01)

Most recent volume spikes

2026-10-01: 6.1x the 50-day median, price +2.8% that day

2026-09-24: 12x the 50-day median, price +4.9% that day

2026-09-21: 9.1x the 50-day median, price +0.3% 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).

Where does it rank among Commercial Services peers?

Each cell is the company's percentile rank among its Commercial 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).

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '26
Lower rank Higher rank

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 Commercial Services sector page Watch it move against Commercial Services in the Observatory

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

CompanySectorSimilarityClosest on
EMKAY TOOLS (ETL)Producer Manufacturing59%debt/equity, revenue
GANDHI SPECIAL TUBES (GANDHITUBE)Non-Energy Minerals59%debt/equity, ROCE
JAGSONPAL PHARMACEUTICALS LIMI (JAGSNPHARM)Health Technology57%revenue, P/E
SHRI AHIMSA NATURALS (SHRIAHIMSA)Consumer Non-Durables55%revenue, P/E
WEALTH FIRST PORTFOLIO MGR (WEALTH)Finance55%debt/equity, revenue
VINSYS IT SERVICES (VINSYS)Commercial Services37%volatility, P/E
ICRA (ICRA)Commercial Services35%operating margin, revenue growth
CARE RATINGS (CARERATING)Commercial Services31%P/E, ROCE

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

What happened next to similar setups

+0.4%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 GLOBAL EDUCATION 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 +35% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+1.5%, 80% range −16.6% to +14.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ALLETEC · Nov 2024: −62.0% vs market
APTECHT · May 2023: −61.4% vs market
NUCLEUS · Sep 2020: −46.8% vs market
RITES · Mar 2020: −45.6% vs market
ACCELYA · Mar 2020: −44.2% vs market
NEWGEN · Jun 2021: −43.9% vs market
GRSE · Jun 2020: −41.9% vs market
CONTROLPR · Oct 2023: −38.6% vs market
MPSLTD · Jan 2025: −32.9% vs market
AEROFLEX · Jan 2025: −30.8% vs market
XCHANGING · Sep 2020: −29.4% vs market
ADVENZYMES · Sep 2020: −28.1% vs market
NESCO · Jul 2025: −26.6% vs market
KSCL · Jul 2020: −23.9% vs market
JLHL · Jan 2025: −21.8% vs market
FDC · Jul 2020: −20.6% vs market
FINCABLES · Apr 2023: −20.3% vs market
ZTECH · Jul 2025: −19.5% vs market
DHANUKA · Jun 2020: −16.9% vs market
PRIMESECU · Oct 2024: −12.8% vs market
CARERATING · May 2025: −11.8% vs market
WENDT · Mar 2023: −11.1% vs market
AJANTPHARM · Jul 2020: −10.2% vs market
RSYSTEMS · Feb 2020: −10.1% vs market
GANDHITUBE · Sep 2025: −2.1% vs market
VESUVIUS · May 2024: +2.8% vs market
LIKHITHA · Nov 2022: +6.0% vs market
SHANTIGEAR · Oct 2022: +6.4% vs market
WEALTH · Jun 2022: +15.0% vs market
VIMTALABS · Dec 2024: +15.3% vs market
VOLTAMP · Jul 2022: +15.5% vs market
ACE · Oct 2023: +16.0% vs market
SUPRIYA · Oct 2024: +21.4% vs market
KSB · Mar 2023: +23.9% vs market
THYROCARE · Jul 2025: +24.4% vs market
SIGMA · Jun 2022: +24.6% vs market
KFINTECH · Jul 2024: +31.4% vs market
FCL · Mar 2022: +35.9% vs market
NAVINFLUOR · Jun 2020: +41.5% vs market
BDL · Dec 2022: +42.7% vs market
EXPLEOSOL · Aug 2020: +44.6% vs market
INGERRAND · Aug 2022: +48.5% vs market
JBCHEPHARM · Jul 2020: +58.4% vs market
PERSISTENT · Sep 2020: +69.4% vs market
SJS · Jun 2025: +72.7% vs market
CDSL · Aug 2020: +83.6% vs market
ANUP · Oct 2023: +102.9% vs market
VAIBHAVGBL · Jan 2020: +104.0% vs market
ADFFOODS · May 2020: +109.5% vs market
TDPOWERSYS · Sep 2025: +165.1% vs market
Similar setups +0.4%All companies −1.1%← 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
+0.4%
All companies' median
−1.1%
Beat the market
50% vs 49%

50 past situations · 50 companies · 30 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MPSLTD
Consumer Services		 Jan 2025 38x36% +83%0% −33%
JBCHEPHARM
Health Technology		 Jul 2020 21x23% +96%0% +58%
FDC
Health Technology		 Jul 2020 21x21% +93%0% −21%
NUCLEUS
Technology Services		 Sep 2020 22x21% +111%−3% −47%
VOLTAMP
Producer Manufacturing		 Jul 2022 27x19% +125%0% +16%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
CARERATING
Commercial Services		 May 2025 45x21% +78%0% −12%
SUPRIYA
Health Technology		 Oct 2024 37x22% +149%−4% +21%
NAVINFLUOR
Process Industries		 Jun 2020 20x21% +129%−1% +42%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: P/E, P/S and revenue growth. Not used (unavailable for this company): interest cover. 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 GLOBAL EDUCATION 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 2026-10-30. 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: 97,430 company-months from 2000 companies; financial: 5,632 company-months from 106 companies. 2240 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.
Monthly history (71 months)
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1028.1x₹93 cr19.9%29.0%0.0x
2026-0925.9x₹93 cr19.9%29.0%0.0x
2026-0820.5x₹94 cr20.2%29.0%0.0x
2026-0720.0x₹94 cr20.2%29.0%0.0x
2026-0620.0x₹94 cr20.2%29.0%0.0x
2026-0522.8x₹86 cr20.5%37.0%0.0x
2026-0423.4x₹86 cr20.5%37.0%0.0x
2026-0321.0x₹86 cr20.5%37.0%0.0x
2026-0223.3x₹74 cr19.9%37.0%0.0x
2026-0119.0x₹74 cr19.9%37.0%0.0x
2025-1220.8x₹74 cr19.9%37.0%0.0x
2025-1116.9x₹73 cr22.9%37.0%0.0x
2025-1014.2x₹73 cr22.9%37.0%0.0x
2025-0913.1x₹73 cr22.9%37.0%0.0x
2025-0812.1x₹72 cr25.5%37.0%0.0x
2025-0712.1x₹72 cr25.5%37.0%0.0x
2025-0611.4x₹72 cr25.5%37.0%0.0x
2025-0510.6x₹74 cr32.6%58.0%0.0x
2025-0410.0x₹74 cr32.6%58.0%0.0x
2025-037.3x₹74 cr32.6%58.0%0.0x
2025-028.1x₹76 cr36.1%58.0%0.0x
2025-019.7x₹76 cr36.1%58.0%0.0x
2024-1211.3x₹76 cr36.1%58.0%0.0x
2024-1111.8x₹75 cr36.4%58.0%0.0x
2024-1011.4x₹75 cr36.4%58.0%0.0x
2024-0911.7x₹75 cr36.4%58.0%0.0x
2024-0812.4x₹75 cr38.1%58.0%0.0x
2024-0711.7x₹75 cr38.1%58.0%0.0x
2024-0610.2x₹75 cr38.1%58.0%0.0x
2024-0517.3x₹62 cr35.4%54.0%0.0x
2024-0422.2x₹62 cr35.4%54.0%0.0x
2024-0320.7x₹62 cr35.4%54.0%0.0x
2024-0223.6x₹62 cr35.4%54.0%0.0x
2024-0127.9x₹62 cr35.4%54.0%0.0x
2023-1227.0x₹62 cr35.4%54.0%0.0x
2023-1127.9x₹62 cr35.4%54.0%0.0x
2023-1017.2x₹62 cr35.4%54.0%0.0x
2023-0917.0x₹62 cr35.4%54.0%0.0x
2023-0817.0x₹62 cr35.4%54.0%0.0x
2023-0715.8x₹62 cr35.4%54.0%0.0x
2023-0617.5x₹62 cr35.4%54.0%0.0x
2023-05—₹39 cr23.4%—0.0x
2023-04—₹39 cr23.4%—0.0x
2023-03—₹39 cr23.4%—0.0x
2023-02—₹39 cr23.4%—0.0x
2023-01—₹39 cr23.4%—0.0x
2022-12—₹39 cr23.4%—0.0x
2022-11—₹39 cr23.4%—0.0x
2022-10—₹39 cr23.4%—0.0x
2022-09—₹39 cr23.4%—0.0x
2022-0840.8x₹39 cr23.4%—0.0x
2022-0734.4x₹39 cr23.4%—0.0x
2022-0628.6x₹39 cr23.4%—0.0x
2022-0512.2x₹26 cr21.6%33.0%0.0x
2022-0410.6x₹26 cr21.6%33.0%0.0x
2022-039.0x₹26 cr21.6%33.0%0.0x
2022-029.0x₹26 cr21.6%33.0%0.0x
2022-0111.4x₹26 cr21.6%33.0%0.0x
2021-128.3x₹26 cr21.6%33.0%0.0x
2021-115.1x₹26 cr21.6%33.0%0.0x
2021-105.7x₹26 cr21.6%33.0%0.0x
2021-095.7x₹26 cr21.6%33.0%0.0x
2021-085.7x₹26 cr21.6%33.0%0.0x
2021-076.0x₹26 cr21.6%33.0%0.0x
2021-066.5x₹26 cr21.6%33.0%0.0x
2021-056.8x₹26 cr21.6%33.0%0.0x
2021-045.9x₹26 cr21.6%33.0%0.0x
2021-034.7x₹26 cr21.6%33.0%0.0x
2021-026.3x₹26 cr21.6%33.0%0.0x
2021-016.9x₹26 cr21.6%33.0%0.0x
2020-128.7x₹26 cr21.6%33.0%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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