52-week range
Price risk
Balance sheet & cash
Per-share figures around a recent split, bonus issue or demerger may not yet be consistent.
Was the rally earned?
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 1.0x to 0.4x); per-share earnings added 0 points.
- The share count barely moved.
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 1.5x to 0.4x); per-share earnings added 0 points.
- The share count barely moved.
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 3.3x to 0.4x); per-share earnings added 0 points.
- 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.
What changed?
- Oct '26Fell 92% from the Feb 2022 peak to the Oct 2026 low.
- Jun '26Promoter holding fell 2.4 pts to 19.2% (largest drop since 2025-12).
- Jun '26Moved into the top quartile of Transportation on ROCE (from the 2nd quartile).
- Dec '25Promoter holding fell 6.1 pts to 21.6% (largest drop since 2024-12).
- Dec '25Slipped to the 2nd quartile of Transportation on ROCE (from the top quartile).
- Aug '25P/E fell below the 10th percentile of its own history to date (1.2x).
- Jun '25Moved into the top quartile of Transportation on ROCE (from the 2nd quartile).
- Feb '25P/E crossed above the 90th percentile of its own history to date (2.9x).
Show 17 earlier events
- Dec '24Promoter holding fell 11.8 pts to 27.9% (largest drop since 2021-12).
- Sep '24P/E fell below the 10th percentile of its own history to date (1.1x).
- Dec '23P/E fell below the 10th percentile of its own history to date (1.1x).
- Oct '23Slipped to the 2nd quartile of Transportation on ROCE (from the top quartile).
- Jul '23P/E fell below the 10th percentile of its own history to date (1.4x).
- Jun '23Promoter holding fell 6.2 pts to 40.0% (largest drop since 2021-12).
- Jun '23Moved into the top quartile of Transportation on ROCE (from the 2nd quartile).
- Mar '23P/E fell below the 10th percentile of its own history to date (1.5x).
- Dec '22Promoter holding fell 4.2 pts to 46.2% (largest drop since 2022-06).
- Jul '22Slipped to the 3rd quartile of Transportation on EPS growth (from the 2nd quartile).
- Jun '22Promoter holding fell 4.7 pts to 50.4% (largest drop since 2021-12).
- Jun '22Slipped to the 2nd quartile of Transportation on ROCE (from the top quartile).
- Feb '22Regained the 2021-09 peak, 2 months after the low.
- Dec '21Promoter holding fell 18.4 pts to 55.1%.
- Dec '21Fell 48% from the Sep 2021 peak to the Dec 2021 low.
- Aug '21Regained the 2019-04 peak, 7 months after the low.
- Jan '21Fell 81% from the Apr 2019 peak to the Jan 2021 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?
1 of 2 checks are within range, 1 near a threshold.
Tap a check to see how it is measured.
Other income reliance25%Near threshold
Other income as a share of pre-tax profit (trailing twelve months): 25.0%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow—Not enough data
Not enough reported data to compute this.
Receivable days vs history0 daysWithin range
Debtor days are below the median of the previous three fiscal years by 0 days (141 vs 141). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress—Not enough data
Not enough reported data to compute this.
Payable days—Not enough data
Not enough reported data to compute this.
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, promoters trimmed 20.8 pts.
- The number of shareholders rose from 447 to 948 (+112%) between Mar 2021 and Mar 2026.
Holdings, Mar '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.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-91.8% (2022-02 peak to 2026-10 low, not yet recovered)
-80.7% (2019-04 peak to 2021-01 low, recovered 2021-08)
-47.8% (2021-09 peak to 2021-12 low, recovered 2022-02)
Where does it rank among Transportation peers?
Each cell is the company's percentile rank among its Transportation 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).
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 Transportation sector page Watch it move against Transportation in the Observatory
What happened next to similar setups
Not enough comparable history to show analogs for this company yet.
Monthly history (93 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2026-09 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2026-08 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2026-07 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2026-06 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2026-05 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2026-04 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2026-03 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2026-02 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2026-01 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-12 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-11 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-10 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-09 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-08 | 1.2x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-07 | 1.5x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-06 | 1.5x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-05 | 2.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-04 | 2.5x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-03 | 2.3x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-02 | 2.9x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2025-01 | 2.2x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-12 | 2.0x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-11 | 1.2x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-10 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-09 | 1.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-08 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-07 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-06 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-05 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-04 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-03 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-02 | 1.4x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2024-01 | 1.2x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-12 | 1.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-11 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-10 | 1.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-09 | 1.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-08 | 1.3x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-07 | 1.4x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-06 | 1.7x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-05 | 1.9x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-04 | 1.7x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-03 | 1.5x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-02 | 1.8x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2023-01 | 2.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-12 | 2.2x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-11 | 2.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-10 | 1.7x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-09 | 1.8x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-08 | 1.7x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-07 | 2.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-06 | 2.6x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-05 | 2.7x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-04 | 2.9x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-03 | 3.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-02 | 2.9x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2022-01 | 2.8x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-12 | 2.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-11 | 2.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-10 | 2.4x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-09 | 2.9x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-08 | 3.1x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-07 | 1.2x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-06 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-05 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-04 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-03 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-02 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2021-01 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-12 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-11 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-10 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-09 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-08 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-07 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-06 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-05 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-04 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-03 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-02 | 1.3x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2020-01 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-12 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-11 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-10 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-09 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-08 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-07 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-06 | — | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-05 | 1.7x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-04 | 2.6x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-03 | 2.6x | ₹137 cr | 36.3% | 19.0% | 4.6x |
| 2019-02 | 2.9x | ₹137 cr | 36.3% | 19.0% | 4.6x |