Share price
₹438.4 latest close · −9.7% over the last 90 sessions
₹438.4 month-end · −29.3% over 12 months
₹438.4 month-end · −22.1% over 3 years
₹438.4 month-end · +53.4% since Jan '19
52-week range ₹401.65 to ₹706.80 · 1-year volatility 27.1%
Was the rally earned?
Earnings helped, the multiple did not.
- Per-share earnings added 20 points, but investors now pay less per rupee of profit (P/E 70.9x to 39.5x), which took 49 points back.
- The share count barely moved.
Earnings helped, the multiple did not.
- Per-share earnings added 60 points, but investors now pay less per rupee of profit (P/E 99.6x to 39.5x), which took 82 points back.
- The share count barely moved.
Earnings helped, the multiple did not.
- Per-share earnings added 44 points, but investors now pay less per rupee of profit (P/E 89.0x to 39.5x), which took 70 points back.
- The share count barely moved.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-54.9% (2019-11 peak to 2020-03 low, recovered 2021-04)
-48.5% (2024-09 peak to 2026-11 low, not yet recovered)
-46.4% (2021-09 peak to 2023-03 low, recovered 2024-07)
Most recent volume spikes
2026-09-24: 6.7x the 50-day median, price -4.1% that day
2026-07-15: 5.1x the 50-day median, price +4.2% 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?
Usual range 6.3x to 10.0x since 2019-01.
208% above the Finance median.
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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.
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.)51st▲ 12 pts vs a year ago
- EPS growth75th▼ 17 pts vs a year ago
- P/B ↓12th▲ 4 pts vs a year ago
- 12M momentum11th▼ 21 pts vs a year ago
- FII + DII50thflat vs a year ago
Rank history
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?
At a P/E of 60.9x, the price would imply about 28.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
This model is not meaningful for insurers, asset managers and holding companies.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Finance The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹438.40
- P/E
- 39.5x
- ROCE
- 10.0%
- Market Cap
- ₹63623 cr
- Revenue (TTM)
- ₹63356 cr
- P/S
- 1.0x
- P/B
- 4.7x
- ROE
- 11.8%
- Operating Margin
- -24.0%
- Debt / Equity
- 0.2x
- Promoter Holding
- 72.7%
- 12M Momentum
- -29.3%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Tax rate21%Within range
Median quarterly effective tax rate over about 2.5 years: 21.0%. 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.
Who has been buying and selling?
- Over 3 years, DIIs added 5.4 pts; FIIs trimmed 5.3 pts; promoters trimmed 0.6 pts.
- The number of shareholders fell from 3.5 lakh to 3.2 lakh (-9%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
This comparison is not meaningful for insurers, asset managers and holding companies.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Feb '22
- NovPriceFell 48% from the Sep 2024 peak to the Nov 2026 low.
- SepPriceVolume reached 6.7x its 50-day median on 2026-09-24; price -4.1% that day.
- AugPeer rankMoved into the 2nd quartile of Finance on ROE (from the 3rd quartile).
- AprPriceVolume reached 9.5x its 50-day median on 2026-04-15; price +2.7% that day.
- MarValuationP/B fell below the 10th percentile of its own history to date (6.2x).
- JanPriceVolume reached 5.7x its 50-day median on 2026-01-13; price +0.1% that day.
- OctPriceVolume reached 12.1x its 50-day median on 2025-10-15; price -1.7% that day.
- SepValuationP/B fell below the 10th percentile of its own history to date (7.2x).
Show 22 earlier events
- SepPriceVolume reached 14.5x its 50-day median on 2025-09-29; price +0.6% that day.
- JunPeer rankMoved into the 3rd quartile of Finance on ROE (from the bottom quartile).
- AprPriceVolume reached 8.8x its 50-day median on 2025-04-16; price +3.4% that day.
- JanPriceVolume reached 15.8x its 50-day median on 2025-01-22; price -5.9% that day.
- SepValuationP/B crossed above the 90th percentile of its own history to date (10.2x).
- JulPriceRegained the 2021-09 peak, 16 months after the low.
- JulPriceVolume reached 5.8x its 50-day median on 2024-07-24; price +8.7% that day.
- JunResultsRevenue (TTM) reached a new high of ₹89,684 cr.
- JunPeer rankSlipped to the bottom quartile of Finance on ROE (from the 3rd quartile).
- MarPeer rankMoved into the 3rd quartile of Finance on ROE (from the bottom quartile).
- JanPriceVolume reached 10.5x its 50-day median on 2024-01-18; price -5.6% that day.
- NovPriceVolume reached 6.6x its 50-day median on 2023-11-29; price +0.0% that day.
- AugPeer rankSlipped to the bottom quartile of Finance on ROE (from the 3rd quartile).
- JunResultsYear-on-year EPS growth turned positive.
- AprPriceVolume reached 5.9x its 50-day median on 2023-04-21; price -2.5% that day.
- MarPriceFell 46% from the Sep 2021 peak to the Mar 2023 low.
- MarPriceVolume reached 6.4x its 50-day median on 2023-03-16; price +6.7% that day.
- NovValuationP/B fell below the 10th percentile of its own history to date (7.5x).
- NovPriceVolume reached 9.5x its 50-day median on 2022-11-29; price +3.5% that day.
- JunPeer rankSlipped to the 3rd quartile of Finance on ROE (from the 2nd quartile).
- JunDividendDividend payout cut from 30% to 10% of profit.
- FebValuationP/B fell below the 10th percentile of its own history to date (7.6x).
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
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 39.5x | ₹63356 cr | 11.8% | 10.0% | 0.2x |
| 2026-10 | 37.0x | ₹63356 cr | 11.8% | 10.0% | 0.2x |
| 2026-09 | 40.0x | ₹63356 cr | 11.8% | 10.0% | 0.2x |
| 2026-08 | 46.6x | ₹63356 cr | 11.8% | 10.0% | 0.2x |
| 2026-07 | 46.5x | ₹63356 cr | 11.8% | 10.0% | 0.2x |
| 2026-06 | 44.0x | ₹63356 cr | 11.8% | 10.0% | 0.2x |
| 2026-05 | 53.3x | ₹75858 cr | 11.5% | 12.0% | 0.2x |
| 2026-04 | 54.3x | ₹75858 cr | 11.5% | 12.0% | 0.2x |
| 2026-03 | 53.9x | ₹75858 cr | 11.5% | 12.0% | 0.2x |
| 2026-02 | 72.4x | ₹57560 cr | 11.0% | 12.0% | 0.2x |
| 2026-01 | 70.4x | ₹57560 cr | 11.0% | 12.0% | 0.2x |
| 2025-12 | 73.9x | ₹57560 cr | 11.0% | 12.0% | 0.2x |
| 2025-11 | 70.9x | ₹70782 cr | 10.6% | 12.0% | 0.2x |
| 2025-10 | 67.6x | ₹70782 cr | 10.6% | 12.0% | 0.2x |
| 2025-09 | 68.1x | ₹70782 cr | 10.6% | 12.0% | 0.2x |
| 2025-08 | 73.0x | ₹70777 cr | 9.9% | 12.0% | 0.2x |
| 2025-07 | 74.9x | ₹70777 cr | 9.9% | 12.0% | 0.2x |
| 2025-06 | 80.0x | ₹70777 cr | 9.9% | 12.0% | 0.2x |
| 2025-05 | 98.0x | ₹77572 cr | 8.9% | 3.0% | 0.1x |
| 2025-04 | 90.9x | ₹77572 cr | 8.9% | 3.0% | 0.1x |
| 2025-03 | 83.5x | ₹77572 cr | 8.9% | 3.0% | 0.1x |
| 2025-02 | 90.6x | ₹99466 cr | 8.0% | 3.0% | 0.1x |
| 2025-01 | 101.1x | ₹99466 cr | 8.0% | 3.0% | 0.1x |
| 2024-12 | 107.5x | ₹99466 cr | 8.0% | 3.0% | 0.1x |
| 2024-11 | 115.8x | ₹91696 cr | 7.9% | 3.0% | 0.1x |
| 2024-10 | 122.7x | ₹91696 cr | 7.9% | 3.0% | 0.1x |
| 2024-09 | 129.2x | ₹91696 cr | 7.9% | 3.0% | 0.1x |
| 2024-08 | 127.4x | ₹89684 cr | 7.7% | 3.0% | 0.1x |
| 2024-07 | 124.5x | ₹89684 cr | 7.7% | 3.0% | 0.1x |
| 2024-06 | 102.5x | ₹89684 cr | 7.7% | 3.0% | 0.1x |
| 2024-05 | 86.0x | ₹78186 cr | 9.0% | 10.0% | 0.1x |
| 2024-04 | 90.4x | ₹78186 cr | 9.0% | 10.0% | 0.1x |
| 2024-03 | 96.0x | ₹78186 cr | 9.0% | 10.0% | 0.1x |
| 2024-02 | 94.3x | ₹50478 cr | 8.1% | 10.0% | 0.1x |
| 2024-01 | 89.1x | ₹50478 cr | 8.1% | 10.0% | 0.1x |
| 2023-12 | 94.7x | ₹50478 cr | 8.1% | 10.0% | 0.1x |
| 2023-11 | 99.6x | ₹50478 cr | 8.1% | 10.0% | 0.1x |
| 2023-10 | 93.0x | ₹50478 cr | 8.1% | 10.0% | 0.1x |
| 2023-09 | 100.2x | ₹50478 cr | 8.1% | 10.0% | 0.1x |
| 2023-08 | 99.8x | ₹50478 cr | 8.1% | 10.0% | 0.1x |
| 2023-07 | 102.6x | ₹50478 cr | 8.1% | 10.0% | 0.1x |
| 2023-06 | 101.3x | ₹50478 cr | 8.1% | 10.0% | 0.1x |
| 2023-05 | 88.3x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2023-04 | 82.3x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2023-03 | 82.5x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2023-02 | 77.4x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2023-01 | 85.7x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2022-12 | 85.5x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2022-11 | 90.2x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2022-10 | 96.1x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2022-09 | 99.6x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2022-08 | 112.6x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2022-07 | 104.8x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2022-06 | 92.6x | ₹63564 cr | 8.3% | 9.0% | 0.1x |
| 2022-05 | 78.3x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2022-04 | 78.9x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2022-03 | 75.2x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2022-02 | 71.9x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2022-01 | 84.2x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2021-12 | 84.2x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2021-11 | 89.0x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2021-10 | 92.9x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2021-09 | 100.9x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2021-08 | 99.0x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2021-07 | 95.0x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2021-06 | 92.0x | ₹83182 cr | 10.5% | 14.0% | 0.1x |
| 2021-05 | 74.6x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2021-04 | 70.2x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2021-03 | 60.0x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2021-02 | 62.1x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2021-01 | 64.7x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2020-12 | 67.1x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2020-11 | 59.4x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2020-10 | 54.3x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2020-09 | 56.6x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2020-08 | 56.9x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2020-07 | 60.9x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2020-06 | 57.3x | ₹21025 cr | 14.8% | 17.0% | 0.0x |
| 2020-05 | 49.6x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2020-04 | 51.9x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2020-03 | 44.9x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2020-02 | 59.4x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2020-01 | 64.4x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2019-12 | 60.8x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2019-11 | 63.4x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2019-10 | 64.4x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2019-09 | 58.4x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2019-08 | 53.5x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2019-07 | 50.7x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2019-06 | 49.0x | ₹41463 cr | 16.6% | 16.0% | 0.0x |
| 2019-05 | 34.4x | ₹38832 cr | 24.6% | 29.0% | 0.0x |
| 2019-04 | 32.7x | ₹38832 cr | 24.6% | 29.0% | 0.0x |
| 2019-03 | 31.1x | ₹38832 cr | 24.6% | 29.0% | 0.0x |
| 2019-02 | 28.3x | ₹38832 cr | 24.6% | 29.0% | 0.0x |
| 2019-01 | 25.3x | ₹38832 cr | 24.6% | 29.0% | 0.0x |