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ICICI BANK LIMITED (ICICIBANK)

Finance · Regional Banks · figures to Nov '26

Divergence: price ahead of business
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.71 / 100
Profitability 85Growth 56
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.62 / 100
Price 83Earnings 41

Passes these screensPrice ahead of businessNear 52-week high

Compare withSTATE BANK OF INDIAAU SMALL FINANCE BANKIDFC FIRST BANK

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,589 latest close · +12.6% over the last 90 sessions

₹1,300₹1,400₹1,500₹1,600Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,300₹1,400₹1,500₹1,600Jul 3Sep 4Nov 9

₹1,589 month-end · +14.4% over 12 months

₹1,200₹1,400₹1,600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,200₹1,400₹1,600Nov '25May '26Nov '26

₹1,589 month-end · +70.0% over 3 years

₹1,000₹1,200₹1,400₹1,600Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹1,000₹1,200₹1,400₹1,600Nov '23May '25Nov '26

₹1,589 month-end · +336.0% since Jan '19

₹500₹1,000₹1,500Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹500₹1,000₹1,500Jan '19Dec '22Nov '26

52-week range ₹1187.60 to ₹1592.00 · 1-year volatility 21.0%

Was the rally earned?

+14%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings added 5 points and the multiple added 9 points (P/E 18.6x to 20.3x).
  • The share count barely moved.
Net profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6 ptsNet profit growthP/E change: +9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+9 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: +14%+14%Share priceNet profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6ProfitP/E change: +9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+9P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +14%+14%Share price
Net profit growth+6 ptsNet profit rose about 6%, which lifts the price.
P/E change+9 ptsThe P/E rose from 18.6x to 20.3x, which lifts the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+70%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 63 points to the rise, while the multiple moved less (P/E 19.2x to 20.3x).
  • The share count rose 5%.
Net profit growth: +69 pts. Points of the price return explained by net profit growing (or shrinking).+69 ptsNet profit growthP/E change: +7 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+7 ptsP/E changeShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6 ptsShare count changeShare price: +70%+70%Share priceNet profit growth: +69 pts. Points of the price return explained by net profit growing (or shrinking).+69ProfitP/E change: +7 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+7P/EShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6SharesShare price: +70%+70%Share price
Net profit growth+69 ptsNet profit rose about 68%, which lifts the price.
P/E change+7 ptsThe P/E rose from 19.2x to 20.3x, which lifts the price.
Share count change-6 ptsShare count rose 5%, which lowers the price.
+122%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 166 points, but investors now pay less per rupee of profit (P/E 26.9x to 20.3x), which took 43 points back.
  • The share count barely moved.
Net profit growth: +165 pts. Points of the price return explained by net profit growing (or shrinking).+165 ptsNet profit growthP/E change: −43 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−43 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: +122%+122%Share priceNet profit growth: +165 pts. Points of the price return explained by net profit growing (or shrinking).+165ProfitP/E change: −43 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−43P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +122%+122%Share price
Net profit growth+165 ptsNet profit rose about 193%, which lifts the price.
P/E change-43 ptsThe P/E fell from 26.9x to 20.3x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with STATE BANK OF INDIA

How rough has the ride been?

Maximum drawdown-48.3%recovered 2021-01
1-year volatility21.0%annualised
Beta vs sector index0.573-year daily, correlation 0.55
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−47.8% 0%−20%−40%2020202220242026−47.8%
Largest drawdowns

-48.3% (2019-12 peak to 2020-03 low, recovered 2021-01)

-22.3% (2021-10 peak to 2022-03 low, recovered 2022-08)

-20.1% (2021-02 peak to 2021-04 low, recovered 2021-07)

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?

3.1xP/B todayWithin its usual range
Against its own history44th percentile
CheapestMedian 3.2xDearest

Usual range 2.6x to 3.6x since 2019-01.

Against Finance3.1x vs 1.5x
This company
3.1x
Sector median
1.5x

107% above the Finance median.

0.6x1.7x2.9x4.0xJan '19Aug '20Mar '22Oct '23May '25Nov '260.6x1.7x2.9x4.0xJan '19Sep '21May '24Nov '26
P/B (this company)10th to 90th percentile of its own historyIts medianFinance median

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

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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/B 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 (banks and 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

  • ROE (approx.)85th▼ 3 pts vs a year ago
  • EPS growth34th▼ 29 pts vs a year ago
  • P/B ↓22nd▼ 6 pts vs a year ago
  • 12M momentum81st▲ 26 pts vs a year ago
  • FII + DII97thflat vs a year ago

Rank history

ROE (approx.)
EPS growth
P/B ↓
12M momentum
FII + DII
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?

~18%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 27.5x, a holder earning 12%/yr needs earnings to grow about 18.0%/yr for 10 years, then trade at 15x.

Delivered26.7%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−8.7 ptsimplied minus delivered
Rank34thmost demanding of 63 financials

Over time

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

-13%7%27% Jan 2019Nov 2026 -13%7%27% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x19.5%20.5%21.6%
15x17.0%18.0%19.1%
20x13.8%14.8%15.8%

Drag a slider to test other assumptions

Implied: 18.0%/yr

Looking back

  • Jan 2020Price implied 24%/yr; EPS has since grown 37%/yr (7.0 yrs)
  • Jan 2021Price implied 24%/yr; EPS has since grown 29%/yr (6.0 yrs)
  • Jan 2022Price implied 26%/yr; EPS has since grown 22%/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
₹1589.00
P/E
20.3x
Market Cap
₹11.41L cr
Revenue (TTM)
₹1.98L cr
P/S
5.8x
P/B
3.1x
ROE
16.0%
Debt / Equity
0.6x
12M Momentum
14.4%

52-week range

₹1187.60₹1592.00
99% of the way from its 52-week low to its high

Price risk

1Y volatility
21.0%
Beta vs sector
1-year daily
0.65

Balance sheet & cash

Share count, 1Y
+0.5%

Are profits backed by cash?

1 of 1checks within rangeAll clear
Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Tap a check to see how it is measured

Cash conversion and receivable days are not meaningful for banks and NBFCs, so only the other-income and tax-rate checks are shown.

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, FIIs trimmed 10.6 pts; DIIs trimmed 3.0 pts.
  • The number of shareholders rose from 17.9 lakh to 21.0 lakh (+18%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters———
FIIs44.4%33.8%-10.6 pts
DIIs45.3%42.3%-3.0 pts
Public and others10.1%23.7%+13.6 pts

Number of shareholders

21.0 lakhshareholders+18% since Sep '23
17.9L19.0L20.2L21.4L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 17.9 lakh
Dec '23: 18.0 lakh
Mar '24: 17.9 lakh
Jun '24: 18.0 lakh
Sep '24: 18.1 lakh
Dec '24: 18.5 lakh
Mar '25: 19.0 lakh
Jun '25: 18.8 lakh
Sep '25: 20.2 lakh
Dec '25: 21.4 lakh
Mar '26: 20.8 lakh
Jun '26: 21.0 lakh
 17.9L19.0L20.2L21.4L Sep '23Sep '24Sep '25Jun '26
Sep '23: 17.9 lakh
Dec '23: 18.0 lakh
Mar '24: 17.9 lakh
Jun '24: 18.0 lakh
Sep '24: 18.1 lakh
Dec '24: 18.5 lakh
Mar '25: 19.0 lakh
Jun '25: 18.8 lakh
Sep '25: 20.2 lakh
Dec '25: 21.4 lakh
Mar '26: 20.8 lakh
Jun '26: 21.0 lakh

Large shift in the Mar '26 quarter: FII + DII −16.2 pp, Public +16.2 pp.
This can be a holder relabelled as Public, a change in the share base, new shares issued or a block deal, so smart money does not count it as buying or selling.

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

Not enough comparable history to show analogs for this company yet.

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.

LIFE INSURANCE CORP OF IND LICLICI
Finance
73%similar
market capEPS growth
BAJAJ FINSERVBAJAJFINSV
Finance
71%similar
EPS growthmarket cap
SBI LIFE INSURANCE COMPANYSBILIFE
Finance
64%similar
volatilityEPS growth

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

What changed?

27 events since Nov '19

  1. JunInstitutionsFII + DII holding fell 16.2 pts over 2 quarters to 74.4%.
  2. MarPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
  3. MarValuationP/B crossed above the 90th percentile of its own history to date (3.7x).
  4. MarPriceVolume reached 6.4x its 50-day median on 2025-03-21; price +1.6% that day.
  5. DecPriceVolume reached 5.1x its 50-day median on 2024-12-20; price +0.1% that day.
  6. SepPriceVolume reached 5.9x its 50-day median on 2024-09-20; price +3.6% that day.
  7. JunResultsRevenue (TTM) reached a new high of ₹159,516 cr.
  8. JunPriceVolume reached 5.3x its 50-day median on 2024-06-21; price +0.2% that day.
Show 19 earlier events
  1. AprValuationP/B crossed above the 90th percentile of its own history to date (3.7x).
  2. JunResultsRevenue (TTM) reached a new high of ₹121,067 cr.
  3. JunResultsRevenue (TTM) reached a new high of ₹95,407 cr.
  4. JunPeer rankMoved into the top quartile of Finance on ROE (from the 2nd quartile).
  5. OctValuationP/B crossed above the 90th percentile of its own history to date (3.7x).
  6. OctPriceVolume reached 9.8x its 50-day median on 2021-10-25; price +10.9% that day.
  7. JunResultsRevenue (TTM) reached a new high of ₹89,163 cr.
  8. JunPeer rankMoved into the 2nd quartile of Finance on ROE (from the 3rd quartile).
  9. JunDebtDebt / equity fell below 1.0x (0.91x).
  10. JunDividendStarted paying a dividend (payout 8% of profit).
  11. JunSharesShare count is up 6.8% over 12 months.
  12. MayValuationP/B crossed above the 90th percentile of its own history to date (3.9x).
  13. JanPriceRegained the 2019-12 peak, 10 months after the low.
  14. JunResultsYear-on-year EPS growth turned positive.
  15. JunPeer rankMoved into the top quartile of Finance on EPS growth (from the bottom quartile).
  16. JunDividendDividend payout cut from 15% to 0% of profit.
  17. MarPriceFell 48% from the Dec 2019 peak to the Mar 2020 low.
  18. MarPriceVolume reached 5.2x its 50-day median on 2020-03-20; price +2.1% that day.
  19. NovPriceVolume reached 12.7x its 50-day median on 2019-11-26; price +2.6% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEDebt / Equity
2026-1120.3x₹1.98L cr16.0%0.6x
2026-1017.8x₹1.98L cr16.0%0.6x
2026-0916.9x₹1.98L cr16.0%0.6x
2026-0819.2x₹1.95L cr16.0%0.6x
2026-0718.9x₹1.95L cr16.0%0.6x
2026-0618.1x₹1.95L cr16.0%0.6x
2026-0516.9x₹1.94L cr18.0%0.7x
2026-0417.0x₹1.94L cr18.0%0.7x
2026-0316.3x₹1.94L cr18.0%0.7x
2026-0218.4x₹1.93L cr18.0%0.7x
2026-0118.1x₹1.93L cr18.0%0.7x
2025-1217.9x₹1.93L cr18.0%0.7x
2025-1118.6x₹1.91L cr18.0%0.7x
2025-1018.0x₹1.91L cr18.0%0.7x
2025-0918.1x₹1.91L cr18.0%0.7x
2025-0819.4x₹1.86L cr18.0%0.7x
2025-0720.5x₹1.86L cr18.0%0.7x
2025-0620.0x₹1.86L cr18.0%0.7x
2025-0520.7x₹1.81L cr19.0%0.8x
2025-0420.4x₹1.81L cr19.0%0.8x
2025-0319.3x₹1.81L cr19.0%0.8x
2025-0217.9x₹1.74L cr19.0%0.8x
2025-0118.6x₹1.74L cr19.0%0.8x
2024-1219.0x₹1.74L cr19.0%0.8x
2024-1120.1x₹1.67L cr19.0%0.8x
2024-1020.0x₹1.67L cr19.0%0.8x
2024-0919.7x₹1.67L cr19.0%0.8x
2024-0819.5x₹1.60L cr19.0%0.8x
2024-0719.3x₹1.60L cr19.0%0.8x
2024-0619.0x₹1.60L cr19.0%0.8x
2024-0523.0x₹1.21L cr17.0%0.9x
2024-0423.6x₹1.21L cr17.0%0.9x
2024-0322.4x₹1.21L cr17.0%0.9x
2024-0221.6x₹1.21L cr17.0%0.9x
2024-0121.1x₹1.21L cr17.0%0.9x
2023-1220.4x₹1.21L cr17.0%0.9x
2023-1119.2x₹1.21L cr17.0%0.9x
2023-1018.8x₹1.21L cr17.0%0.9x
2023-0919.5x₹1.21L cr17.0%0.9x
2023-0819.7x₹1.21L cr17.0%0.9x
2023-0720.5x₹1.21L cr17.0%0.9x
2023-0619.2x₹1.21L cr17.0%0.9x
2023-0526.3x₹95407 cr15.0%0.9x
2023-0425.4x₹95407 cr15.0%0.9x
2023-0324.3x₹95407 cr15.0%0.9x
2023-0223.7x₹95407 cr15.0%0.9x
2023-0123.0x₹95407 cr15.0%0.9x
2022-1224.6x₹95407 cr15.0%0.9x
2022-1126.4x₹95407 cr15.0%0.9x
2022-1025.1x₹95407 cr15.0%0.9x
2022-0923.9x₹95407 cr15.0%0.9x
2022-0824.6x₹95407 cr15.0%0.9x
2022-0722.7x₹95407 cr15.0%0.9x
2022-0619.6x₹95407 cr15.0%0.9x
2022-0528.3x₹89163 cr13.0%0.9x
2022-0428.0x₹89163 cr13.0%0.9x
2022-0327.5x₹89163 cr13.0%0.9x
2022-0227.9x₹89163 cr13.0%0.9x
2022-0129.7x₹89163 cr13.0%0.9x
2021-1227.8x₹89163 cr13.0%0.9x
2021-1126.9x₹89163 cr13.0%0.9x
2021-1030.2x₹89163 cr13.0%0.9x
2021-0926.4x₹89163 cr13.0%0.9x
2021-0827.1x₹89163 cr13.0%0.9x
2021-0725.7x₹89163 cr13.0%0.9x
2021-0623.7x₹89163 cr13.0%0.9x
2021-0544.8x₹84836 cr8.0%1.7x
2021-0440.6x₹84836 cr8.0%1.7x
2021-0339.4x₹84836 cr8.0%1.7x
2021-0240.4x₹84836 cr8.0%1.7x
2021-0136.3x₹84836 cr8.0%1.7x
2020-1236.2x₹84836 cr8.0%1.7x
2020-1132.0x₹84836 cr8.0%1.7x
2020-1026.6x₹84836 cr8.0%1.7x
2020-0924.0x₹84836 cr8.0%1.7x
2020-0826.7x₹84836 cr8.0%1.7x
2020-0723.5x₹84836 cr8.0%1.7x
2020-0623.8x₹84836 cr8.0%1.7x
2020-0550.3x₹71982 cr4.0%1.8x
2020-0457.6x₹71982 cr4.0%1.8x
2020-0349.1x₹71982 cr4.0%1.8x
2020-0275.3x₹71982 cr4.0%1.8x
2020-0179.6x₹71982 cr4.0%1.8x
2019-1281.7x₹71982 cr4.0%1.8x
2019-1177.7x₹71982 cr4.0%1.8x
2019-1070.2x₹71982 cr4.0%1.8x
2019-0965.7x₹71982 cr4.0%1.8x
2019-0862.1x₹71982 cr4.0%1.8x
2019-0764.3x₹71982 cr4.0%1.8x
2019-0666.2x₹71982 cr4.0%1.8x
2019-0535.3x₹62162 cr7.0%2.1x
2019-0434.0x₹62162 cr7.0%2.1x
2019-0333.4x₹62162 cr7.0%2.1x
2019-0229.2x₹62162 cr7.0%2.1x
2019-0130.4x₹62162 cr7.0%2.1x

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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