JAI CORP LIMITED (JAICORPLTD): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹91.03 latest close · −21.9% over the last 90 sessions

₹91.03 month-end · −36.3% over 12 months

₹91.03 month-end · −71.7% over 3 years

₹91.03 month-end · −9.8% since Jan '19

52-week range ₹83.32 to ₹172.40 · 1-year volatility 38.7%

Was the rally earned?

1 year5 years

-36%share price, 1 yearEarnings-driven

Mostly earnings.

Per-share earnings took off 42 points, while the multiple moved less (P/E 16.0x to 17.1x).
The share count barely moved.

Net profit growth-41 ptsNet profit fell about 40%, which lowers the price.

P/E change+6 ptsThe P/E rose from 16.0x to 17.1x, which lifts the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

-22%share price, 5 yearsLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 2 points, but investors now pay less per rupee of profit (P/E 22.4x to 17.1x), which took 24 points back.
The share count fell 2%.

Net profit growth0 ptsNet profit was little changed.

P/E change-24 ptsThe P/E fell from 22.4x to 17.1x, which lowers the price.

Share count change+2 ptsShare count fell 2%, which lifts the price.

What do "pts" mean?

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

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

Not shown for 3 years: earnings were negative at one end, or there is not enough history.

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

Compare this with TIME TECHNOPLAST

How rough has the ride been?

Maximum drawdown-79.9%not yet recovered

1-year volatility38.7%annualised

Beta vs sector index1.653-year daily, correlation 0.54

Volume spikes7last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-79.9% (2024-01 peak to 2025-05 low, not yet recovered)

-65.2% (2019-04 peak to 2020-03 low, recovered 2021-06)

-44.8% (2022-10 peak to 2023-03 low, recovered 2023-08)

Most recent volume spikes

2026-10-26: 5.2x the 50-day median, price -2.4% that day

2026-10-23: 7.3x the 50-day median, price -6.1% that day

2026-10-22: 11.5x the 50-day median, price -2.9% 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?

17.1xP/E todayNear its historic low

Against its own history20th percentile

CheapestMedian 30.9xDearest

Usual range 11.9x to 75.5x since 2019-01.

Against Process Industries17.1x vs 18.1x

This company

17.1x

Sector median

18.1x

5% below the Process Industries median.

P/EP/BP/S

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

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianProcess Industries 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 Process Industries is valued

Where does it rank among Process Industries peers?

Each cell is the company's percentile rank among its Process Industries peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE54th▲ 37 pts vs a year ago
Op. margin68th▲ 39 pts vs a year ago
Revenue growth38th▼ 25 pts vs a year ago
EPS growth16th▼ 77 pts vs a year ago
Debt/equity ↓67thflat vs a year ago
Cash cycle ↓10thflat vs a year ago
P/E ↓54th▼ 11 pts vs a year ago
12M momentum12th▲ 9 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 Process Industries sector page Watch it move against Process Industries in the Observatory

What is the price implying?

~17%annual earnings growth implied by the price

At a P/E of 24.5x, the price would imply about 16.8%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹91.03
P/E: 17.1x
ROCE: 12.0%
Market Cap: ₹1597 cr
Revenue (TTM): ₹541 cr
P/S: 3.0x
P/B: 1.3x
ROE: 7.4%
Operating Margin: 15.0%
Debt / Equity: 0.2x
Promoter Holding: 73.9%
12M Momentum: -36.3%

52-week range

₹83.32₹172.40

9% of the way from its 52-week low to its high

Price risk

1Y volatility

38.7%

Beta vs sector

1-year daily

1.59

Balance sheet & cash

Debt service

no meaningful debt

Cash from profit, 3Y

operating cash flow ÷ net profit

0.35x

low

Share count, 1Y

unchanged

Are profits backed by cash?

5 of 7checks within range2 beyond a threshold

Other income reliance52%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 52.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate22%Within range

Median quarterly effective tax rate over about 2.5 years: 22.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.35xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.35x (cash from operations ₹100 cr, net profit ₹287 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-6 daysWithin range

Debtor days are below the median of the previous three fiscal years by 6 days (33 vs 39). 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+8 days / 2 yrsWithin range

Days payable changed by +8 over two years. Bands: rise of up to 30 days; more than 30 days.

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, FIIs added 0.6 pts.
The number of shareholders rose from 83,113 to 99,811 (+20%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters73.8%73.9%+0.1 pts

FIIs0.9%1.5%+0.6 pts

DIIs1.7%1.2%-0.4 pts

Public and others23.6%23.3%-0.3 pts

Number of shareholders

99,811shareholders+20% since Sep '23

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

−2.0%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 JAI CORP LIMITED 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 −25% to +20% vs the market, against −2% for all non-financial companies in the same months.
The gap against the base rate (+0.4%, 80% range −11.0% to +7.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

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 · 1 beyond the range shown, drawn at the edge

Similar setups' median

−2.0%

All companies' median

−2.4%

Beat the market

48% vs 47%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
SHK Process Industries	May 2020	9x	12%	−64%	−64%	+69%
APCOTEXIND Process Industries	Feb 2020	14x	—	−43%	−55%	+24%
KRSNAA Health Services	Apr 2024	29x	12%	+14%	−24%	+25%
HARSHA Producer Manufacturing	Dec 2023	29x	17%	+3%	−17%	+8%
SHALBY Health Services	Apr 2022	32x	7%	+2%	−41%	+17%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
DOLLAR Consumer Non-Durables	Jun 2020	13x	14%	−49%	−49%	+41%
INDOCO Health Technology	Oct 2023	21x	17%	−10%	−24%	−30%
AVTNPL Consumer Non-Durables	Jul 2024	25x	16%	+4%	−20%	−10%

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: 12-month momentum, volatility and drawdown from 12-month high. 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 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to JAI CORP LIMITED. 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

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

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.

INDIAN HUME PIPE CO.INDIANHUME

Producer Manufacturing

65%similar

market caprevenue growth

EVEREST KANTO CYLINDERSEKC

Producer Manufacturing

62%similar

ROCEoperating margin

TCI EXPRESSTCIEXP

Transportation

62%similar

market capROCE

RUPA & COMPANYRUPA

Consumer Non-Durables

59%similar

promoter holdingdebt/equity

AVT NATURAL PRODUCTSAVTNPL

Consumer Non-Durables

56%similar

market capdebt/equity

CHAMAN LAL SETIA EXPORTSCLSEL

Process Industries

59%similar

promoter holdingmarket cap

NAHAR POLYFILMSNAHARPOLY

Process Industries

59%similar

revenue growthpromoter holding

PUDUMJEE PAPER PRODUCTSPDMJEPAPER

Process Industries

59%similar

volatilitypromoter holding

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

What changed?

30 events since Mar '23

2026
OctPriceVolume reached 346.3x its 50-day median on 2026-10-15; price +10.7% that day.
SepResultsYear-on-year EPS growth turned negative.
SepPeer rankSlipped to the bottom quartile of Process Industries on EPS growth (from the top quartile).
JunPeer rankMoved into the 2nd quartile of Process Industries on ROCE (from the bottom quartile).
JunDividendDividend payout cut from 13% to 0% of profit.
JunPriceVolume reached 5.6x its 50-day median on 2026-06-16; price +5.4% that day.
MarPriceVolume reached 42.6x its 50-day median on 2026-03-20; price +3.6% that day.
2025
DecPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).

Show 22 earlier events

2025
OctPriceVolume reached 45.9x its 50-day median on 2025-10-08; price +13.5% that day.
SepValuationP/E fell below the 10th percentile of its own history to date (15.6x).
SepPeer rankMoved into the top quartile of Process Industries on EPS growth (from the 2nd quartile).
SepPriceVolume reached 151.0x its 50-day median on 2025-09-03; price +17.9% that day.
JunResultsYear-on-year EPS growth turned positive.
JunPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
MayPriceFell 80% from the Jan 2024 peak to the May 2025 low.
JanPriceVolume reached 34.5x its 50-day median on 2025-01-03; price -9.2% that day.
2024
NovPriceVolume reached 13.3x its 50-day median on 2024-11-25; price +14.9% that day.
SepPriceVolume reached 12.6x its 50-day median on 2024-09-23; price +12.4% that day.
JunResultsEPS (TTM) turned positive.
JunValuationP/E crossed above the 90th percentile of its own history to date (129.9x).
JunDividendStarted paying a dividend (payout 17% of profit).
JunPriceVolume reached 19.1x its 50-day median on 2024-06-12; price -0.7% that day.
2023
OctPriceVolume reached 11.7x its 50-day median on 2023-10-16; price +7.1% that day.
AugPriceRegained the 2022-10 peak, 5 months after the low.
AugPriceVolume reached 13.9x its 50-day median on 2023-08-18; price +5.5% that day.
JunResultsEPS (TTM) turned negative.
JunDividendDividend payout cut from 17% to -66% of profit.
MayValuationP/E crossed above the 90th percentile of its own history to date (55.1x).
MayPriceVolume reached 15.4x its 50-day median on 2023-05-04; price +10.5% that day.
MarPriceFell 45% from the Oct 2022 peak to the Mar 2023 low.

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

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

Monthly history95 months · 2019-01 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	17.1x	₹541 cr	7.4%	12.0%	0.2x
2026-10	16.2x	₹541 cr	7.4%	12.0%	0.2x
2026-09	17.3x	₹541 cr	7.4%	12.0%	0.2x
2026-08	10.2x	₹514 cr	13.5%	12.0%	0.2x
2026-07	10.5x	₹514 cr	13.5%	12.0%	0.2x
2026-06	11.9x	₹514 cr	13.5%	12.0%	0.2x
2026-05	11.9x	₹528 cr	14.6%	4.0%	0.2x
2026-04	11.9x	₹528 cr	14.6%	4.0%	0.2x
2026-03	9.1x	₹528 cr	14.6%	4.0%	0.2x
2026-02	11.7x	₹538 cr	14.2%	4.0%	0.2x
2026-01	11.9x	₹538 cr	14.2%	4.0%	0.2x
2025-12	13.9x	₹538 cr	14.2%	4.0%	0.2x
2025-11	16.0x	₹527 cr	13.3%	4.0%	0.2x
2025-10	18.5x	₹527 cr	13.3%	4.0%	0.2x
2025-09	15.6x	₹527 cr	13.3%	4.0%	0.2x
2025-08	31.8x	₹517 cr	5.6%	4.0%	0.2x
2025-07	29.4x	₹517 cr	5.6%	4.0%	0.2x
2025-06	30.1x	₹517 cr	5.6%	4.0%	0.2x
2025-05	29.9x	₹505 cr	5.3%	4.0%	0.2x
2025-04	23.5x	₹505 cr	5.3%	4.0%	0.2x
2025-03	23.8x	₹505 cr	5.3%	4.0%	0.2x
2025-02	25.5x	₹486 cr	5.3%	4.0%	0.2x
2025-01	36.5x	₹486 cr	5.3%	4.0%	0.2x
2024-12	87.6x	₹486 cr	5.3%	4.0%	0.2x
2024-11	107.5x	₹469 cr	4.9%	4.0%	0.2x
2024-10	97.6x	₹469 cr	4.9%	4.0%	0.2x
2024-09	108.6x	₹469 cr	4.9%	4.0%	0.2x
2024-08	125.9x	₹464 cr	4.2%	4.0%	0.2x
2024-07	129.6x	₹464 cr	4.2%	4.0%	0.2x
2024-06	129.9x	₹464 cr	4.2%	4.0%	0.2x
2024-05	—	₹594 cr	-1.2%	3.0%	0.2x
2024-04	—	₹594 cr	-1.2%	3.0%	0.2x
2024-03	—	₹594 cr	-1.2%	3.0%	0.2x
2024-02	—	₹594 cr	-1.2%	3.0%	0.2x
2024-01	—	₹594 cr	-1.2%	3.0%	0.2x
2023-12	—	₹594 cr	-1.2%	3.0%	0.2x
2023-11	—	₹594 cr	-1.2%	3.0%	0.2x
2023-10	—	₹594 cr	-1.2%	3.0%	0.2x
2023-09	—	₹594 cr	-1.2%	3.0%	0.2x
2023-08	—	₹594 cr	-1.2%	3.0%	0.2x
2023-07	—	₹594 cr	-1.2%	3.0%	0.2x
2023-06	—	₹594 cr	-1.2%	3.0%	0.2x
2023-05	55.1x	₹720 cr	4.4%	4.0%	0.2x
2023-04	50.3x	₹720 cr	4.4%	4.0%	0.2x
2023-03	47.0x	₹720 cr	4.4%	4.0%	0.2x
2023-02	39.9x	₹720 cr	4.4%	4.0%	0.2x
2023-01	46.0x	₹720 cr	4.4%	4.0%	0.2x
2022-12	50.7x	₹720 cr	4.4%	4.0%	0.2x
2022-11	57.7x	₹720 cr	4.4%	4.0%	0.2x
2022-10	59.6x	₹720 cr	4.4%	4.0%	0.2x
2022-09	63.4x	₹720 cr	4.4%	4.0%	0.2x
2022-08	44.6x	₹720 cr	4.4%	4.0%	0.2x
2022-07	41.1x	₹720 cr	4.4%	4.0%	0.2x
2022-06	39.2x	₹720 cr	4.4%	4.0%	0.2x
2022-05	22.7x	₹472 cr	8.0%	4.0%	0.3x
2022-04	27.5x	₹472 cr	8.0%	4.0%	0.3x
2022-03	21.1x	₹472 cr	8.0%	4.0%	0.3x
2022-02	20.6x	₹472 cr	8.0%	4.0%	0.3x
2022-01	25.1x	₹472 cr	8.0%	4.0%	0.3x
2021-12	23.7x	₹472 cr	8.0%	4.0%	0.3x
2021-11	22.4x	₹472 cr	8.0%	4.0%	0.3x
2021-10	23.1x	₹472 cr	8.0%	4.0%	0.3x
2021-09	25.1x	₹472 cr	8.0%	4.0%	0.3x
2021-08	24.4x	₹472 cr	8.0%	4.0%	0.3x
2021-07	29.5x	₹472 cr	8.0%	4.0%	0.3x
2021-06	29.6x	₹472 cr	8.0%	4.0%	0.3x
2021-05	60.0x	₹527 cr	3.2%	3.0%	0.4x
2021-04	45.7x	₹527 cr	3.2%	3.0%	0.4x
2021-03	45.0x	₹527 cr	3.2%	3.0%	0.4x
2021-02	48.1x	₹527 cr	3.2%	3.0%	0.4x
2021-01	45.0x	₹527 cr	3.2%	3.0%	0.4x
2020-12	50.4x	₹527 cr	3.2%	3.0%	0.4x
2020-11	48.7x	₹527 cr	3.2%	3.0%	0.4x
2020-10	44.0x	₹527 cr	3.2%	3.0%	0.4x
2020-09	43.4x	₹527 cr	3.2%	3.0%	0.4x
2020-08	49.7x	₹527 cr	3.2%	3.0%	0.4x
2020-07	46.3x	₹527 cr	3.2%	3.0%	0.4x
2020-06	44.7x	₹527 cr	3.2%	3.0%	0.4x
2020-05	—	₹636 cr	-10.4%	4.0%	0.6x
2020-04	—	₹636 cr	-10.4%	4.0%	0.6x
2020-03	—	₹636 cr	-10.4%	4.0%	0.6x
2020-02	—	₹636 cr	-10.4%	4.0%	0.6x
2020-01	—	₹636 cr	-10.4%	4.0%	0.6x
2019-12	—	₹636 cr	-10.4%	4.0%	0.6x
2019-11	—	₹636 cr	-10.4%	4.0%	0.6x
2019-10	—	₹636 cr	-10.4%	4.0%	0.6x
2019-09	—	₹636 cr	-10.4%	4.0%	0.6x
2019-08	—	₹636 cr	-10.4%	4.0%	0.6x
2019-07	—	₹636 cr	-10.4%	4.0%	0.6x
2019-06	—	₹636 cr	-10.4%	4.0%	0.6x
2019-05	—	₹588 cr	-0.2%	3.0%	0.6x
2019-04	—	₹588 cr	-0.2%	3.0%	0.6x
2019-03	—	₹588 cr	-0.2%	3.0%	0.6x
2019-02	—	₹588 cr	-0.2%	3.0%	0.6x
2019-01	—	₹588 cr	-0.2%	3.0%	0.6x

Methodology and data notes