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JSW ENERGY LIMITED (JSWENERGY)

Utilities · Electric Utilities · 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.48 / 100
Profitability 61Growth 69Balance sheet 14
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 40Earnings 53FII/DII 95
Compare withADANI POWERNTPCADANI GREEN ENERGY

Share price

Closing priceAdjusted for splits and bonus issues.

₹523.15 latest close · −4.9% over the last 90 sessions

₹450₹500₹550Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹450₹500₹550Jul 3Sep 4Nov 9

₹523.15 month-end · +7.1% over 12 months

₹450₹500₹550₹600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹450₹500₹550₹600Nov '25May '26Nov '26

₹523.15 month-end · +28.1% over 3 years

₹400₹500₹600₹700Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹400₹500₹600₹700Nov '23May '25Nov '26

₹523.15 month-end · +682.6% since Jan '19

₹0₹250₹500₹750Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹250₹500₹750Jan '19Dec '22Nov '26

52-week range ₹427.75 to ₹617.35 · 1-year volatility 32.0%

Was the rally earned?

+7%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 39.3x to 47.1x); per-share earnings took off 11 points.
  • The share count rose 18%.
Net profit growth: +5 pts. Points of the price return explained by net profit growing (or shrinking).+5 ptsNet profit growthP/E change: +19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+19 ptsP/E changeShare count change: −17 pts. Points of the price return explained by the share count changing. More shares count against the price.−17 ptsShare count changeShare price: +7%+7%Share priceNet profit growth: +5 pts. Points of the price return explained by net profit growing (or shrinking).+5ProfitP/E change: +19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+19P/EShare count change: −17 pts. Points of the price return explained by the share count changing. More shares count against the price.−17SharesShare price: +7%+7%Share price
Net profit growth+5 ptsNet profit rose about 5%, which lifts the price.
P/E change+19 ptsThe P/E rose from 39.3x to 47.1x, which lifts the price.
Share count change-17 ptsShare count rose 18%, which lowers the price.
+28%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 24 points to the rise, while the multiple moved less (P/E 45.4x to 47.1x).
  • The share count rose 31%.
Net profit growth: +55 pts. Points of the price return explained by net profit growing (or shrinking).+55 ptsNet profit growthP/E change: +4 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+4 ptsP/E changeShare count change: −31 pts. Points of the price return explained by the share count changing. More shares count against the price.−31 ptsShare count changeShare price: +28%+28%Share priceNet profit growth: +55 pts. Points of the price return explained by net profit growing (or shrinking).+55ProfitP/E change: +4 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+4P/EShare count change: −31 pts. Points of the price return explained by the share count changing. More shares count against the price.−31SharesShare price: +28%+28%Share price
Net profit growth+55 ptsNet profit rose about 62%, which lifts the price.
P/E change+4 ptsThe P/E rose from 45.4x to 47.1x, which lifts the price.
Share count change-31 ptsShare count rose 31%, which lowers the price.
+82%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 114 points, but investors now pay less per rupee of profit (P/E 59.4x to 47.1x), which took 32 points back.
  • The share count rose 27%.
Net profit growth: +147 pts. Points of the price return explained by net profit growing (or shrinking).+147 ptsNet profit growthP/E change: −32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−32 ptsP/E changeShare count change: −33 pts. Points of the price return explained by the share count changing. More shares count against the price.−33 ptsShare count changeShare price: +82%+82%Share priceNet profit growth: +147 pts. Points of the price return explained by net profit growing (or shrinking).+147ProfitP/E change: −32 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−32P/EShare count change: −33 pts. Points of the price return explained by the share count changing. More shares count against the price.−33SharesShare price: +82%+82%Share price
Net profit growth+147 ptsNet profit rose about 192%, which lifts the price.
P/E change-32 ptsThe P/E fell from 59.4x to 47.1x, which lowers the price.
Share count change-33 ptsShare count rose 27%, 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 ADANI POWER

How rough has the ride been?

Maximum drawdown-51.0%recovered 2023-09
1-year volatility32.0%annualised
Beta vs sector index0.893-year daily, correlation 0.59
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−50.2% 0%−20%−40%2020202220242026−50.2%
Largest drawdowns

-51.0% (2021-10 peak to 2022-06 low, recovered 2023-09)

-50.3% (2019-11 peak to 2020-05 low, recovered 2021-03)

-45.5% (2024-09 peak to 2025-02 low, not yet recovered)

Most recent volume spikes

2026-10-29: 9.1x the 50-day median, price +5.6% 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?

47.1xP/E todayWithin its usual range
Against its own history68th percentile
CheapestMedian 42.5xDearest

Usual range 10.6x to 69.8x since 2019-01.

Against Utilities47.1x vs 27.3x
This company
47.1x
Sector median
27.3x

72% above the Utilities median.

6.8x55.5x104.2x152.8xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x55.5x104.2x152.8xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianUtilities median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianUtilities 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 Utilities is valued

Where does it rank among Utilities peers?

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

  • ROCE39th▲ 11 pts vs a year ago
  • Op. margin83rdflat vs a year ago
  • Revenue growth78thflat vs a year ago
  • EPS growth26th▼ 31 pts vs a year ago
  • Debt/equity ↓14thflat vs a year ago
  • Cash cycle ↓73rd▲ 3 pts vs a year ago
  • P/E ↓30th▼ 3 pts vs a year ago
  • 12M momentum80th▲ 53 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 Utilities sector page Watch it move against Utilities in the Observatory

What is the price implying?

~28%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 59.8x, a holder earning 12%/yr needs earnings to grow about 27.7%/yr for 10 years, then trade at 15x.

Delivered23.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+4.0 ptsimplied minus delivered
Rank453rdmost demanding of 856

Over time

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

-19%8%35% Jan 2019Nov 2026 -19%8%35% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x29.2%30.4%31.6%
15x26.5%27.7%28.8%
20x23.1%24.2%25.3%

Drag a slider to test other assumptions

Implied: 27.7%/yr

Looking back

  • Jan 2020Price implied 8%/yr; EPS has since grown 21%/yr (7.0 yrs)
  • Jan 2021Price implied 11%/yr; EPS has since grown 16%/yr (6.0 yrs)
  • Jan 2022Price implied 32%/yr; EPS has since grown 26%/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 Utilities The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹523.15
P/E
47.1x
ROCE
8.0%
Market Cap
₹95985 cr
Revenue (TTM)
₹18965 cr
P/S
5.1x
P/B
3.1x
ROE
6.6%
Operating Margin
55.0%
Debt / Equity
2.5x
Promoter Holding
66.5%
12M Momentum
7.1%

52-week range

₹427.75₹617.35
50% of the way from its 52-week low to its high

Price risk

1Y volatility
32.0%
Beta vs sector
1-year daily
1.07

Balance sheet & cash

Interest cover
operating profit ÷ interest
1.3x
Cash from profit, 3Y
operating cash flow ÷ net profit
3.09x
Share count, 1Y
+0.6%

Are profits backed by cash?

3 of 6checks within range2 beyond a threshold
Other income reliance53%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 53.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate13%Near threshold

Median quarterly effective tax rate over about 2.5 years: 13.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion3.09xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 3.09x (cash from operations ₹19,970 cr, net profit ₹6,470 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-10 daysWithin range

Debtor days are below the median of the previous three fiscal years by 10 days (31 vs 41). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress23% of fixed assetsWithin range

Capital work-in-progress is 23% 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 6.9 pts; DIIs added 6.5 pts; FIIs added 3.0 pts.
  • The number of shareholders rose from 2.9 lakh to 5.6 lakh (+92%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters73.4%66.5%-6.9 pts
FIIs8.4%11.4%+3.0 pts
DIIs9.7%16.2%+6.5 pts
Public and others8.3%5.8%-2.5 pts

Number of shareholders

5.6 lakhshareholders+92% since Sep '23
2.9L3.9L4.9L5.9L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 2.9 lakh
Dec '23: 3.3 lakh
Mar '24: 3.6 lakh
Jun '24: 4.1 lakh
Sep '24: 4.4 lakh
Dec '24: 4.8 lakh
Mar '25: 5.4 lakh
Jun '25: 5.9 lakh
Sep '25: 5.9 lakh
Dec '25: 5.9 lakh
Mar '26: 5.7 lakh
Jun '26: 5.6 lakh
 2.9L3.9L4.9L5.9L Sep '23Sep '24Sep '25Jun '26
Sep '23: 2.9 lakh
Dec '23: 3.3 lakh
Mar '24: 3.6 lakh
Jun '24: 4.1 lakh
Sep '24: 4.4 lakh
Dec '24: 4.8 lakh
Mar '25: 5.4 lakh
Jun '25: 5.9 lakh
Sep '25: 5.9 lakh
Dec '25: 5.9 lakh
Mar '26: 5.7 lakh
Jun '26: 5.6 lakh

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

−16.1%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like JSW ENERGY 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 −1% vs the market, against −4% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −11.9%, 80% range −17.6% to −8.7%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

−50%0%+50%+100%
AWFIS · Jun 2025: −53.0% vs market
WESTLIFE · Aug 2023: −40.5% vs market
RAMCOCEM · Jun 2023: −38.2% vs market
JUBLFOOD · May 2025: −36.2% vs market
SJVN · Aug 2025: −35.8% vs market
SHOPERSTOP · Jul 2023: −33.6% vs market
IRB · Jan 2025: −31.6% vs market
SAMHI · Aug 2025: −31.3% vs market
HATSUN · Oct 2021: −31.0% vs market
MHRIL · Aug 2023: −30.7% vs market
GODREJPROP · Jul 2024: −30.6% vs market
JMFINANCIL · Mar 2020: −27.4% vs market
ADANIENT · Apr 2024: −25.9% vs market
PHOENIXLTD · Mar 2020: −23.9% vs market
POWERGRID · Mar 2020: −23.8% vs market
ERIS · Oct 2025: −23.2% vs market
SAPPHIRE · Jun 2023: −22.2% vs market
ASTERDM · Jul 2020: −21.1% vs market
UPL · Feb 2020: −20.6% vs market
LEMONTREE · May 2025: −20.0% vs market
BRIGADE · Jun 2024: −19.4% vs market
KIRLOSENG · Mar 2024: −19.2% vs market
LT · Jan 2020: −18.1% vs market
JSWINFRA · Nov 2024: −16.5% vs market
NHPC · Sep 2025: −16.1% vs market
TATAPOWER · Mar 2022: −16.0% vs market
DEVYANI · Dec 2022: −15.6% vs market
BHARTIHEXA · Sep 2025: −14.7% vs market
INDIGO · Aug 2025: −13.9% vs market
JKCEMENT · Jun 2023: −11.4% vs market
ADANIPORTS · Jul 2022: −11.2% vs market
SUZLON · Jan 2022: −9.9% vs market
BLUEDART · Jan 2022: −8.2% vs market
GODREJIND · May 2020: −5.6% vs market
BHARATFORG · Sep 2023: −4.3% vs market
ASHOKLEY · Aug 2023: −2.7% vs market
VBL · Jan 2020: −1.6% vs market
TVSMOTOR · Dec 2023: −0.6% vs market
BIOCON · May 2024: +3.3% vs market
ULTRACEMCO · Apr 2020: +11.2% vs market
M&M · May 2024: +13.0% vs market
TORNTPHARM · Jan 2020: +13.4% vs market
CHALET · Sep 2024: +17.2% vs market
BHARTIARTL · Dec 2024: +25.6% vs market
GRASIM · May 2020: +43.4% vs market
PRESTIGE · Oct 2023: +53.4% vs market
APOLLOHOSP · Dec 2020: +53.9% vs market
LODHA · May 2023: +76.0% vs market
TRENT · Jul 2023: +125.3% vs market
ADANIENSOL · Nov 2020: +239.0% vs market
Similar setups −16.1%All companies −4.2%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
−16.1%
All companies' median
−4.2%
Beat the market
24% vs 46%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
LEMONTREE
Consumer Services		 May 2025 62x11% +2%−12% −20%
UPL
Process Industries		 Feb 2020 29x10% −11%−26% −21%
CHALET
Consumer Services		 Sep 2024 73x10% +58%−4% +17%
TVSMOTOR
Consumer Durables		 Dec 2023 72x13% +87%−1% −1%
TATAPOWER
Utilities		 Mar 2022 68x8% +131%−7% −16%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BRIGADE
Finance		 Jun 2024 69x13% +134%−5% −19%
MHRIL
Consumer Services		 Aug 2023 70x10% +51%−1% −31%
ERIS
Health Technology		 Oct 2025 56x12% +20%−14% −23%
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 revenue growth. 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 JSW ENERGY 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

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.

PRESTIGE ESTATES PROJECTS LIMIPRESTIGE
Finance
80%similar
market caprevenue
GMR AIRPORTSGMRAIRPORT
Transportation
67%similar
market cappromoter holding
TORRENT PHARMACEUTICALSTORNTPHARM
Health Technology
65%similar
revenuedebt/equity
JSW INFRASTRUCTUREJSWINFRA
Industrial Services
63%similar
market capoperating margin
MOTILAL OSWAL FINANCIAL SERVICMOTILALOFS
Finance
61%similar
operating marginpromoter holding
ADANI GREEN ENERGYADANIGREEN
Utilities
61%similar
debt/equityrevenue
SATLUJ JAL VIDYUT NIGAMSJVN
Utilities
58%similar
debt/equityoperating margin
ADANI ENERGY SOLUTIONSADANIENSOL
Utilities
57%similar
debt/equityrevenue

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

What changed?

30 events since Jun '22

  1. OctPriceVolume reached 9.1x its 50-day median on 2026-10-29; price +5.6% that day.
  2. SepPromoterPromoter holding fell 2.9 pts to 66.5% (largest drop since 2024-09).
  3. SepResultsYear-on-year EPS growth turned negative.
  4. SepInstitutionsFII + DII holding rose 3.7 pts over 2 quarters to 27.6%.
  5. SepPeer rankSlipped to the 3rd quartile of Utilities on EPS growth (from the 2nd quartile).
  6. JanPriceVolume reached 13.0x its 50-day median on 2026-01-27; price -7.9% that day.
  7. DecPriceVolume reached 10.8x its 50-day median on 2025-12-09; price -0.6% that day.
  8. JunResultsRevenue (TTM) reached a new high of ₹11,745 cr.
Show 22 earlier events
  1. JunSharesShare count is up 6.3% over 12 months.
  2. FebPriceFell 46% from the Sep 2024 peak to the Feb 2025 low.
  3. JanPriceVolume reached 13.7x its 50-day median on 2025-01-29; price -5.8% that day.
  4. DecPriceVolume reached 10.7x its 50-day median on 2024-12-30; price +2.8% that day.
  5. SepPromoterPromoter holding fell 4.4 pts to 69.3%.
  6. SepInstitutionsFII + DII holding rose 6.9 pts over 1 quarter to 24.6%.
  7. JunResultsYear-on-year EPS growth turned positive.
  8. JunPeer rankMoved into the 2nd quartile of Utilities on EPS growth (from the 3rd quartile).
  9. MayPriceVolume reached 12.0x its 50-day median on 2024-05-31; price +0.7% that day.
  10. JanPriceVolume reached 5.1x its 50-day median on 2024-01-09; price +8.4% that day.
  11. SepPriceRegained the 2021-10 peak, 15 months after the low.
  12. AugPeer rankMoved into the 3rd quartile of Utilities on EPS growth (from the bottom quartile).
  13. JulPriceVolume reached 8.0x its 50-day median on 2023-07-03; price +6.0% that day.
  14. JunResultsYear-on-year EPS growth turned negative.
  15. JunPeer rankSlipped to the 3rd quartile of Utilities on ROCE (from the 2nd quartile).
  16. JunDebtDebt / equity rose above 1.0x (1.34x).
  17. JunPriceVolume reached 11.0x its 50-day median on 2023-06-21; price +6.7% that day.
  18. MarPriceVolume reached 15.3x its 50-day median on 2023-03-06; price +11.0% that day.
  19. OctPriceVolume reached 7.4x its 50-day median on 2022-10-06; price +12.8% that day.
  20. AugPriceVolume reached 9.6x its 50-day median on 2022-08-08; price +9.0% that day.
  21. JunResultsYear-on-year EPS growth turned positive.
  22. JunPriceFell 51% from the Oct 2021 peak to the Jun 2022 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1147.1x₹18965 cr6.6%8.0%2.5x
2026-1045.0x₹18965 cr6.8%8.0%2.5x
2026-0944.5x₹18965 cr6.8%8.0%2.5x
2026-0840.7x₹18901 cr7.6%8.0%2.5x
2026-0743.4x₹18901 cr7.6%8.0%2.5x
2026-0645.6x₹18901 cr7.6%8.0%2.5x
2026-0545.7x₹17591 cr8.1%6.0%1.8x
2026-0443.1x₹17591 cr8.1%6.0%1.8x
2026-0336.2x₹17591 cr8.1%6.0%1.8x
2026-0242.2x₹15948 cr6.9%6.0%1.8x
2026-0139.7x₹15948 cr6.9%6.0%1.8x
2025-1241.7x₹15948 cr6.9%6.0%1.8x
2025-1139.3x₹14009 cr7.1%6.0%1.8x
2025-1042.5x₹14009 cr7.1%6.0%1.8x
2025-0942.7x₹14009 cr7.1%6.0%1.8x
2025-0843.8x₹11745 cr6.1%6.0%1.8x
2025-0746.2x₹11745 cr6.1%6.0%1.8x
2025-0646.8x₹11745 cr6.1%6.0%1.8x
2025-0544.5x₹11312 cr7.8%9.0%1.5x
2025-0443.7x₹11312 cr7.8%9.0%1.5x
2025-0349.0x₹11312 cr7.8%9.0%1.5x
2025-0240.6x₹11416 cr8.1%9.0%1.5x
2025-0144.5x₹11416 cr8.1%9.0%1.5x
2024-1256.3x₹11416 cr8.1%9.0%1.5x
2024-1155.9x₹11437 cr8.0%9.0%1.5x
2024-1058.0x₹11437 cr8.0%9.0%1.5x
2024-0962.6x₹11437 cr8.0%9.0%1.5x
2024-0867.9x₹11486 cr7.0%9.0%1.5x
2024-0769.5x₹11486 cr7.0%9.0%1.5x
2024-0670.2x₹11486 cr7.0%9.0%1.5x
2024-0568.2x₹10332 cr6.7%7.0%1.3x
2024-0470.0x₹10332 cr6.7%7.0%1.3x
2024-0358.8x₹10332 cr6.7%7.0%1.3x
2024-0256.5x₹10332 cr6.7%7.0%1.3x
2024-0156.1x₹10332 cr6.7%7.0%1.3x
2023-1245.5x₹10332 cr6.7%7.0%1.3x
2023-1145.4x₹10332 cr6.7%7.0%1.3x
2023-1042.9x₹10332 cr6.7%7.0%1.3x
2023-0948.7x₹10332 cr6.7%7.0%1.3x
2023-0839.0x₹10332 cr6.7%7.0%1.3x
2023-0732.1x₹10332 cr6.7%7.0%1.3x
2023-0630.3x₹10332 cr6.7%7.0%1.3x
2023-0524.2x₹8167 cr8.5%12.0%0.5x
2023-0424.8x₹8167 cr8.5%12.0%0.5x
2023-0322.9x₹8167 cr8.5%12.0%0.5x
2023-0222.3x₹8167 cr8.5%12.0%0.5x
2023-0122.7x₹8167 cr8.5%12.0%0.5x
2022-1227.4x₹8167 cr8.5%12.0%0.5x
2022-1129.3x₹8167 cr8.5%12.0%0.5x
2022-1032.1x₹8167 cr8.5%12.0%0.5x
2022-0928.6x₹8167 cr8.5%12.0%0.5x
2022-0832.5x₹8167 cr8.5%12.0%0.5x
2022-0722.7x₹8167 cr8.5%12.0%0.5x
2022-0619.8x₹8167 cr8.5%12.0%0.5x
2022-0557.2x₹6922 cr4.8%9.0%0.6x
2022-0465.6x₹6922 cr4.8%9.0%0.6x
2022-0362.4x₹6922 cr4.8%9.0%0.6x
2022-0270.3x₹6922 cr4.8%9.0%0.6x
2022-0163.3x₹6922 cr4.8%9.0%0.6x
2021-1262.1x₹6922 cr4.8%9.0%0.6x

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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