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GPT INFRAPROJECTS LTD (GPTINFRA)

Industrial Services · Engineering & Construction · 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.61 / 100
Profitability 66Growth 71Balance sheet 46
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 59Earnings 58FII/DII 24

Passes these screensDebt-light & profitableLittle growth priced inConsistent compounders

Compare withLARSEN AND TOUBROJSW INFRASTRUCTURERAIL VIKAS NIGAM

Share price

Closing priceAdjusted for splits and bonus issues.

₹111.97 latest close · −13.4% over the last 90 sessions

₹110₹120₹130Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹110₹120₹130Jul 3Sep 4Nov 9

₹111.97 month-end · +4.2% over 12 months

₹100₹120Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹100₹120Nov '25May '26Nov '26

₹111.97 month-end · +58.3% over 3 years

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

₹111.97 month-end · +865.3% since Jan '19

₹0₹50₹100₹150Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹50₹100₹150Jan '19Dec '22Nov '26

52-week range ₹96.22 to ₹150.00 · 1-year volatility 39.4%

Was the rally earned?

+4%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (+4%).
  • The share count barely moved.
Net profit growth: +14 pts. Points of the price return explained by net profit growing (or shrinking).+14 ptsNet profit growthP/E change: −8 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−8 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: +4%+4%Share priceNet profit growth: +14 pts. Points of the price return explained by net profit growing (or shrinking).+14ProfitP/E change: −8 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−8P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +4%+4%Share price
Net profit growth+14 ptsNet profit rose about 14%, which lifts the price.
P/E change-8 ptsThe P/E fell from 15.6x to 14.4x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+58%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 135 points, but investors now pay less per rupee of profit (P/E 26.2x to 14.4x), which took 76 points back.
  • The share count rose 10%.
Net profit growth: +146 pts. Points of the price return explained by net profit growing (or shrinking).+146 ptsNet profit growthP/E change: −76 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−76 ptsP/E changeShare count change: −12 pts. Points of the price return explained by the share count changing. More shares count against the price.−12 ptsShare count changeShare price: +58%+58%Share priceNet profit growth: +146 pts. Points of the price return explained by net profit growing (or shrinking).+146ProfitP/E change: −76 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−76P/EShare count change: −12 pts. Points of the price return explained by the share count changing. More shares count against the price.−12SharesShare price: +58%+58%Share price
Net profit growth+146 ptsNet profit rose about 217%, which lifts the price.
P/E change-76 ptsThe P/E fell from 26.2x to 14.4x, which lowers the price.
Share count change-12 ptsShare count rose 10%, which lowers the price.
+499%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 418 points to the rise, while the multiple moved less (P/E 10.7x to 14.4x).
  • The share count rose 6%.
Net profit growth: +434 pts. Points of the price return explained by net profit growing (or shrinking).+434 ptsNet profit growthP/E change: +81 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+81 ptsP/E changeShare count change: −16 pts. Points of the price return explained by the share count changing. More shares count against the price.−16 ptsShare count changeShare price: +499%+499%Share priceNet profit growth: +434 pts. Points of the price return explained by net profit growing (or shrinking).+434ProfitP/E change: +81 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+81P/EShare count change: −16 pts. Points of the price return explained by the share count changing. More shares count against the price.−16SharesShare price: +499%+499%Share price
Net profit growth+434 ptsNet profit rose about 375%, which lifts the price.
P/E change+81 ptsThe P/E rose from 10.7x to 14.4x, which lifts the price.
Share count change-16 ptsShare count rose 6%, which lowers 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 LARSEN AND TOUBRO

How rough has the ride been?

Maximum drawdown-79.6%recovered 2021-06
1-year volatility39.4%annualised
Beta vs sector index0.973-year daily, correlation 0.48
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−78.3% 0%−25%−50%−75%2020202220242026−78.3%
Largest drawdowns

-79.6% (2019-04 peak to 2020-03 low, recovered 2021-06)

-56.7% (2024-07 peak to 2025-03 low, not yet recovered)

-38.7% (2022-09 peak to 2023-03 low, recovered 2023-07)

Most recent volume spikes

2026-11-04: 5.1x the 50-day median, price -8.2% that day

2026-10-19: 6.8x the 50-day median, price -3.4% that day

2026-10-07: 16.6x the 50-day median, price +6.9% 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?

14.4xP/E todayWithin its usual range
Against its own history59th percentile
CheapestMedian 13.5xDearest

Usual range 6.7x to 27.9x since 2019-01.

Against Industrial Services14.4x vs 14.0x
This company
14.4x
Sector median
14.0x

Close to the Industrial Services median.

3.6x16.6x29.7x42.8xJan '19Aug '20Mar '22Oct '23May '25Nov '263.6x16.6x29.7x42.8xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianIndustrial Services median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianIndustrial Services 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 Industrial Services is valued

Where does it rank among Industrial Services peers?

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

  • ROCE70thflat vs a year ago
  • Op. margin62nd▲ 18 pts vs a year ago
  • Revenue growth29th▼ 34 pts vs a year ago
  • EPS growth59th▼ 15 pts vs a year ago
  • Debt/equity ↓42nd▼ 19 pts vs a year ago
  • Cash cycle ↓72nd▼ 22 pts vs a year ago
  • P/E ↓49th▼ 11 pts vs a year ago
  • 12M momentum78th▲ 31 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 Industrial Services sector page Watch it move against Industrial Services in the Observatory

What is the price implying?

~15%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 24.4x, a holder earning 12%/yr needs earnings to grow about 15.3%/yr for 10 years, then trade at 15x.

Delivered23.8%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−8.5 ptsimplied minus delivered
Rank686thmost demanding of 856

Over time

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

-7%11%29% Jan 2019Nov 2026 -7%11%29% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x16.6%17.6%18.7%
15x14.3%15.3%16.4%
20x11.4%12.4%13.4%

Drag a slider to test other assumptions

Implied: 15.3%/yr

Looking back

  • Jan 2020Price implied 3%/yr; EPS has since grown 34%/yr (7.0 yrs)
  • Jan 2021Price implied 1%/yr; EPS has since grown 35%/yr (6.0 yrs)
  • Jan 2022Price implied 9%/yr; EPS has since grown 35%/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 Industrial Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹111.97
P/E
14.4x
ROCE
21.0%
Market Cap
₹1418 cr
Revenue (TTM)
₹1280 cr
P/S
1.1x
P/B
2.4x
ROE
16.4%
Operating Margin
16.0%
Debt / Equity
0.5x
Promoter Holding
69.4%
12M Momentum
4.2%

52-week range

₹96.22₹150.00
29% of the way from its 52-week low to its high

Price risk

1Y volatility
39.4%
Beta vs sector
1-year daily
0.76

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.6x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.91x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 6checks within rangeAll clear
Other income reliance7%Within range

Other income as a share of pre-tax profit (trailing twelve months): 7.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.91xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.91x (cash from operations ₹206 cr, net profit ₹227 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+11 daysWithin range

Debtor days are above the median of the previous three fiscal years by 11 days (36 vs 25). 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, promoters trimmed 5.6 pts; DIIs added 5.5 pts; FIIs added 2.9 pts.
  • The number of shareholders rose from 10,316 to 34,177 (+231%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters75.0%69.4%-5.6 pts
FIIs0.1%3.0%+2.9 pts
DIIs1.5%7.0%+5.5 pts
Public and others23.4%20.6%-2.8 pts

Number of shareholders

34,177shareholders+231% since Sep '23
10k20k29k38k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 10,316
Dec '23: 10,560
Mar '24: 12,857
Jun '24: 25,039
Sep '24: 36,696
Dec '24: 36,444
Mar '25: 37,362
Jun '25: 36,162
Sep '25: 36,621
Dec '25: 38,344
Mar '26: 35,326
Jun '26: 34,177
 10k20k29k38k Sep '23Sep '24Sep '25Jun '26
Sep '23: 10,316
Dec '23: 10,560
Mar '24: 12,857
Jun '24: 25,039
Sep '24: 36,696
Dec '24: 36,444
Mar '25: 37,362
Jun '25: 36,162
Sep '25: 36,621
Dec '25: 38,344
Mar '26: 35,326
Jun '26: 34,177

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

−2.4%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 GPT INFRAPROJECTS 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 −27% to +29% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (−1.5%, 80% range −13.7% to +7.7%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
CAPACITE · May 2021: −48.9% vs market
ESTER · Aug 2022: −46.2% vs market
BAJAJHCARE · Jan 2023: −40.5% vs market
SDBL · Sep 2025: −37.4% vs market
MEGATHERM · Aug 2025: −36.9% vs market
HINDWAREAP · Apr 2023: −36.8% vs market
SSWL · Jan 2024: −36.1% vs market
PSPPROJECT · Jun 2023: −34.4% vs market
FAZE3Q · Nov 2023: −32.1% vs market
STARPAPER · Jun 2024: −31.7% vs market
EUROBOND · Oct 2025: −29.6% vs market
ASTRON · Nov 2020: −27.6% vs market
HUHTAMAKI · Nov 2023: −26.8% vs market
ORIENTCEM · Nov 2021: −26.5% vs market
INSECTICID · Jan 2020: −26.4% vs market
MALLCOM · May 2023: −21.0% vs market
AARTIDRUGS · Apr 2023: −18.9% vs market
TVSSRICHAK · May 2020: −18.5% vs market
VSSL · Jun 2024: −17.9% vs market
UCAL · Apr 2020: −16.6% vs market
LUMAXIND · Jun 2020: −14.2% vs market
GULFOILLUB · Jul 2025: −14.2% vs market
EPL · Jul 2025: −5.3% vs market
ANDHRSUGAR · Apr 2020: −5.0% vs market
PUNJABCHEM · May 2024: −3.5% vs market
TIIL · Sep 2021: −1.2% vs market
PCBL · Aug 2021: +5.2% vs market
IMFA · Feb 2024: +6.3% vs market
NCLIND · Dec 2020: +7.4% vs market
GNA · Apr 2021: +10.7% vs market
VADILALIND · Mar 2020: +10.9% vs market
MANGCHEFER · Nov 2023: +14.1% vs market
VISHNU · Jan 2025: +16.0% vs market
WELENT · Jun 2024: +18.0% vs market
FIEMIND · Jul 2020: +23.7% vs market
TALBROAUTO · Oct 2025: +27.5% vs market
TCPLPACK · Jul 2024: +28.5% vs market
NRBBEARING · Jun 2023: +29.5% vs market
GHCL · Nov 2021: +34.0% vs market
POKARNA · Jul 2024: +36.1% vs market
JKIL · Jul 2021: +41.5% vs market
THANGAMAYL · Jan 2020: +46.7% vs market
SIYSIL · May 2021: +80.7% vs market
SARDAEN · Apr 2024: +85.2% vs market
SMSPHARMA · May 2020: +136.9% vs market
HFCL · Jun 2020: +159.7% vs market
EVEREADY · May 2020: +172.8% vs market
IIFLCAPS · Oct 2023: +172.8% vs market
GVT&D · Nov 2022: +184.2% vs market
SHAKTIPUMP · May 2023: +219.5% vs market
Similar setups −2.4%All companies −0.9%← 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 · 6 beyond the range shown, drawn at the edge

Similar setups' median
−2.4%
All companies' median
−0.9%
Beat the market
48% vs 49%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ORIENTCEM
Non-Energy Minerals		 Nov 2021 15x19% +118%−14% −27%
HUHTAMAKI
Process Industries		 Nov 2023 26x— +54%−4% −27%
SSWL
Producer Manufacturing		 Jan 2024 23x21% +97%−4% −36%
VISHNU
Process Industries		 Jan 2025 27x20% +32%−23% +16%
BAJAJHCARE
Health Technology		 Jan 2023 16x20% 0%−11% −41%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
UCAL
Producer Manufacturing		 Apr 2020 5x18% −35%−40% −17%
TCPLPACK
Commercial Services		 Jul 2024 27x19% +76%−3% +29%
PCBL
Process Industries		 Aug 2021 13x17% +111%−11% +5%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and P/S. 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 GPT INFRAPROJECTS 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.

DHARMAJ CROP GUARDDHARMAJ
Process Industries
67%similar
P/Erevenue
DOLLAR INDUSTRIESDOLLAR
Consumer Non-Durables
67%similar
volatilityP/E
INDO AMINESINDOAMIN
Process Industries
66%similar
revenueROCE
MANGALAM WORLDWIDEMWL
Non-Energy Minerals
66%similar
revenueEPS growth
PACE DIGITEKPACEDIGITK
Electronic Technology
64%similar
operating marginROCE
SRM CONTRACTORSSRM
Industrial Services
62%similar
revenuedebt/equity
ENVIRO INFRA ENGINEERSEIEL
Industrial Services
56%similar
revenueROCE
SEAMECSEAMECLTD
Industrial Services
56%similar
P/EROCE

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. OctPriceVolume reached 16.6x its 50-day median on 2026-10-07; price +6.9% that day.
  2. SepPriceVolume reached 30.9x its 50-day median on 2026-09-18; price +4.8% that day.
  3. JunResultsRevenue (TTM) reached a new high of ₹1,291 cr.
  4. JunPriceVolume reached 51.2x its 50-day median on 2026-06-22; price +11.7% that day.
  5. FebPriceVolume reached 6.3x its 50-day median on 2026-02-10; price +9.3% that day.
  6. JanDebtDebt / equity halved over 12 months to 0.25x.
  7. DecPeer rankMoved into the 2nd quartile of Industrial Services on operating margin (from the 3rd quartile).
  8. DecPriceVolume reached 84.4x its 50-day median on 2025-12-10; price +1.5% that day.
Show 22 earlier events
  1. JulPriceVolume reached 26.0x its 50-day median on 2025-07-21; price +6.9% that day.
  2. JunPeer rankSlipped to the 2nd quartile of Industrial Services on EPS growth (from the top quartile).
  3. JunDebtDebt / equity halved over 12 months to 0.25x.
  4. JunSharesShare count is up 117.2% over 12 months.
  5. AprPriceVolume reached 6.9x its 50-day median on 2025-04-02; price +6.5% that day.
  6. MarInstitutionsFII + DII holding rose 7.0 pts over 2 quarters to 12.5%.
  7. MarPriceFell 57% from the Jul 2024 peak to the Mar 2025 low.
  8. MarPriceVolume reached 8.6x its 50-day median on 2025-03-20; price +6.1% that day.
  9. DecPromoterPromoter holding fell 5.9 pts to 69.1%.
  10. NovPriceVolume reached 7.4x its 50-day median on 2024-11-19; price +7.3% that day.
  11. SepPeer rankSlipped to the 3rd quartile of Industrial Services on operating margin (from the 2nd quartile).
  12. JunResultsRevenue (TTM) reached a new high of ₹1,019 cr.
  13. JunInstitutionsFII + DII holding rose 3.7 pts over 2 quarters to 5.2%.
  14. JunPeer rankMoved into the top quartile of Industrial Services on EPS growth (from the 2nd quartile).
  15. AprPriceRegained the 2024-03 peak, 1 month after the low.
  16. AprPriceVolume reached 21.4x its 50-day median on 2024-04-25; price +12.5% that day.
  17. MarPriceFell 29% from the Mar 2024 peak to the Mar 2024 low.
  18. MarPriceVolume reached 7.7x its 50-day median on 2024-03-04; price -6.5% that day.
  19. DecPriceVolume reached 19.6x its 50-day median on 2023-12-28; price +1.5% that day.
  20. SepPriceVolume reached 13.8x its 50-day median on 2023-09-29; price +1.9% that day.
  21. JulPriceRegained the 2022-09 peak, 4 months after the low.
  22. JunResultsRevenue (TTM) reached a new high of ₹809 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1114.4x₹1280 cr16.4%21.0%0.5x
2026-1014.4x₹1280 cr16.4%21.0%0.5x
2026-0915.2x₹1280 cr16.4%21.0%0.5x
2026-0814.4x₹1291 cr16.6%21.0%0.5x
2026-0715.4x₹1291 cr16.6%21.0%0.5x
2026-0617.3x₹1291 cr16.6%21.0%0.5x
2026-0516.3x₹1257 cr17.5%22.0%0.2x
2026-0416.0x₹1257 cr17.5%22.0%0.2x
2026-0313.6x₹1257 cr17.5%22.0%0.2x
2026-0217.2x₹1251 cr17.7%22.0%0.2x
2026-0114.4x₹1251 cr17.7%22.0%0.2x
2025-1215.5x₹1251 cr17.7%22.0%0.2x
2025-1115.6x₹1260 cr16.5%22.0%0.2x
2025-1015.5x₹1260 cr16.5%22.0%0.2x
2025-0916.4x₹1260 cr16.5%22.0%0.2x
2025-0817.3x₹1189 cr14.7%22.0%0.2x
2025-0719.9x₹1189 cr14.7%22.0%0.2x
2025-0619.9x₹1189 cr14.7%22.0%0.2x
2025-0523.8x₹1103 cr23.0%22.0%0.6x
2025-0421.1x₹1103 cr23.0%22.0%0.6x
2025-0320.1x₹1103 cr23.0%22.0%0.6x
2025-0216.8x₹1079 cr21.0%22.0%0.6x
2025-0120.1x₹1079 cr21.0%22.0%0.6x
2024-1225.7x₹1079 cr21.0%22.0%0.6x
2024-1128.2x₹1025 cr20.6%22.0%0.6x
2024-1025.8x₹1025 cr20.6%22.0%0.6x
2024-0930.2x₹1025 cr20.6%22.0%0.6x
2024-0835.5x₹1019 cr19.3%22.0%0.6x
2024-0733.7x₹1019 cr19.3%22.0%0.6x
2024-0627.4x₹1019 cr19.3%22.0%0.6x
2024-0542.8x₹809 cr11.2%14.0%0.9x
2024-0440.0x₹809 cr11.2%14.0%0.9x
2024-0328.9x₹809 cr11.2%14.0%0.9x
2024-0234.7x₹809 cr11.2%14.0%0.9x
2024-0136.1x₹809 cr11.2%14.0%0.9x
2023-1230.6x₹809 cr11.2%14.0%0.9x
2023-1126.2x₹809 cr11.2%14.0%0.9x
2023-1020.9x₹809 cr11.2%14.0%0.9x
2023-0917.8x₹809 cr11.2%14.0%0.9x
2023-0815.0x₹809 cr11.2%14.0%0.9x
2023-0714.4x₹809 cr11.2%14.0%0.9x
2023-0611.7x₹809 cr11.2%14.0%0.9x
2023-0513.6x₹675 cr9.3%14.0%1.0x
2023-0411.7x₹675 cr9.3%14.0%1.0x
2023-0310.5x₹675 cr9.3%14.0%1.0x
2023-0212.1x₹675 cr9.3%14.0%1.0x
2023-0113.5x₹675 cr9.3%14.0%1.0x
2022-1213.0x₹675 cr9.3%14.0%1.0x
2022-1114.0x₹675 cr9.3%14.0%1.0x
2022-1014.7x₹675 cr9.3%14.0%1.0x
2022-0916.7x₹675 cr9.3%14.0%1.0x
2022-0811.1x₹675 cr9.3%14.0%1.0x
2022-0710.9x₹675 cr9.3%14.0%1.0x
2022-069.7x₹675 cr9.3%14.0%1.0x
2022-0512.4x₹609 cr8.7%14.0%1.1x
2022-0413.7x₹609 cr8.7%14.0%1.1x
2022-0310.8x₹609 cr8.7%14.0%1.1x
2022-0210.4x₹609 cr8.7%14.0%1.1x
2022-0111.4x₹609 cr8.7%14.0%1.1x
2021-1211.6x₹609 cr8.7%14.0%1.1x

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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