Share price
₹11.74 latest close · −24.6% over the last 90 sessions
₹11.74 month-end · −39.8% over 12 months
₹11.74 month-end · −31.7% over 3 years
₹11.74 month-end · +30.6% since Jan '19
52-week range ₹10.66 to ₹22.10 · 1-year volatility 43.2%
Was the rally earned?
Earnings helped, the multiple did not.
- Per-share earnings added 2 points, but investors now pay less per rupee of profit (P/E 11.6x to 6.8x), which took 42 points back.
- The share count rose 8%.
Mostly yes.
- Per-share earnings added 17 points to the rise, while the multiple moved less (P/E 6.5x to 6.8x).
- The share count rose 11%.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-86.0% (2019-01 peak to 2020-03 low, recovered 2020-09)
-70.1% (2024-07 peak to 2026-10 low, not yet recovered)
-67.6% (2022-01 peak to 2023-03 low, recovered 2024-07)
Most recent volume spikes
2026-09-11: 6.4x the 50-day median, price +1.9% that day
2026-08-28: 14x the 50-day median, price +1.4% that day
2026-08-27: 44.7x the 50-day median, price +10.0% 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 2.3x to 16.0x since 2019-01.
68% below the Technology Services median.
The chart loads when you open this tab.
The chart loads when you open this tab.
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.
Where does it rank among Technology Services peers?
Each cell is the company's percentile rank among its Technology Services 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
- ROCE49th▼ 6 pts vs a year ago
- Op. margin39th▼ 3 pts vs a year ago
- Revenue growth43rd▼ 13 pts vs a year ago
- EPS growth40th▼ 20 pts vs a year ago
- Debt/equity ↓29th▲ 12 pts vs a year ago
- Cash cycle ↓24thflat vs a year ago
- P/E ↓97th▲ 3 pts vs a year ago
- 12M momentum20th▼ 9 pts 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 Technology Services sector page Watch it move against Technology Services in the Observatory
What is the price implying?
At a P/E of 17.2x, the price would imply about 13.6%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Below the ₹1,000 cr market-cap floor used for the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Technology Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹11.74
- P/E
- 6.8x
- ROCE
- 15.0%
- Market Cap
- ₹624 cr
- Revenue (TTM)
- ₹1238 cr
- P/S
- 0.5x
- P/B
- 0.8x
- ROE
- 11.4%
- Operating Margin
- 11.0%
- Debt / Equity
- 0.3x
- Promoter Holding
- 36.0%
- 12M Momentum
- -39.8%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance8%Within range
Other income as a share of pre-tax profit (trailing twelve months): 8.5%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate16%Within range
Median quarterly effective tax rate over about 2.5 years: 15.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.22xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.22x (cash from operations ₹52 cr, net profit ₹236 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow2 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+16 daysNear threshold
Debtor days are above the median of the previous three fiscal years by 16 days (118 vs 102). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress142% of fixed assetsBeyond threshold
Capital work-in-progress is 142% 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.
Who has been buying and selling?
- Over 2 years, promoters trimmed 16.1 pts.
- The number of shareholders rose from 1.5 lakh to 2.1 lakh (+36%) between Dec 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
- We found 50 past situations where a non-financial company looked like KELLTON TECH SOLUTIONS 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 −13% to +41% vs the market, against 0% for all non-financial companies in the same months.
- The gap against the base rate (+4.9%, 80% range −6.7% to +9.2%) 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 · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 37 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| SAHYADRI Non-Energy Minerals |
Apr 2024 | 11x | 14% | +1% | −22% | −29% |
| TIMETECHNO Process Industries |
Sep 2020 | 5x | 13% | −39% | −46% | +19% |
| EVERESTIND Distribution Services |
Mar 2020 | 3x | 18% | −72% | −72% | +20% |
| PENIND Non-Energy Minerals |
Jul 2020 | 4x | 13% | −40% | −48% | +66% |
| SHREYANIND Process Industries |
Dec 2020 | 4x | 15% | −20% | −28% | −18% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| POWERMECH Industrial Services |
Aug 2020 | 5x | 18% | −36% | −44% | +17% |
| RGL Consumer Durables |
Dec 2020 | 6x | 11% | −19% | −30% | +151% |
| PIONEEREMB Consumer Non-Durables |
May 2022 | 6x | 15% | −21% | −44% | −21% |
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: 12-month momentum, ROCE and P/S. 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.
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 Jun '22
- OctPriceFell 70% from the Jul 2024 peak to the Oct 2026 low.
- SepPeer rankSlipped to the 3rd quartile of Technology Services on EPS growth (from the 2nd quartile).
- AugPriceVolume reached 44.7x its 50-day median on 2026-08-27; price +10.0% that day.
- JunPeer rankSlipped to the 3rd quartile of Technology Services on ROCE (from the 2nd quartile).
- JunSharesShare count is up 8.2% over 12 months.
- AprPriceVolume reached 11.8x its 50-day median on 2026-04-08; price -2.5% that day.
- FebPriceVolume reached 26.7x its 50-day median on 2026-02-18; price +0.2% that day.
- DecPromoterPromoter holding fell 2.1 pts to 38.7% (largest drop since 2024-12).
Show 22 earlier events
- OctPriceVolume reached 15.9x its 50-day median on 2025-10-30; price +10.6% that day.
- JulPriceVolume reached 10.9x its 50-day median on 2025-07-25; price +16.4% that day.
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the 2nd quartile of Technology Services on ROCE (from the 3rd quartile).
- JunPriceVolume reached 11.1x its 50-day median on 2025-06-12; price +5.4% that day.
- JanPriceVolume reached 6.0x its 50-day median on 2025-01-07; price +16.2% that day.
- DecPromoterPromoter holding fell 10.9 pts to 40.8%.
- DecPriceVolume reached 6.9x its 50-day median on 2024-12-16; price +6.2% that day.
- SepPeer rankSlipped to the 3rd quartile of Technology Services on operating margin (from the 2nd quartile).
- JulPriceRegained the 2022-01 peak, 16 months after the low.
- JulPriceVolume reached 29.8x its 50-day median on 2024-07-09; price +15.8% that day.
- JunResultsEPS (TTM) turned positive.
- JunValuationP/E crossed above the 90th percentile of its own history to date (16.0x).
- JunPriceVolume reached 9.1x its 50-day median on 2024-06-19; price +7.8% that day.
- FebPriceVolume reached 10.4x its 50-day median on 2024-02-27; price +9.1% that day.
- DecPriceVolume reached 28.1x its 50-day median on 2023-12-18; price +10.2% that day.
- JulPriceVolume reached 12.2x its 50-day median on 2023-07-13; price +11.2% that day.
- JunResultsEPS (TTM) turned negative.
- JunPeer rankSlipped to the 3rd quartile of Technology Services on ROCE (from the 2nd quartile).
- MayPriceVolume reached 15.7x its 50-day median on 2023-05-10; price +6.5% that day.
- MarPriceFell 68% from the Jan 2022 peak to the Mar 2023 low.
- JunResultsYear-on-year EPS growth turned negative.
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 | 6.8x | ₹1238 cr | 11.4% | 15.0% | 0.3x |
| 2026-10 | 6.3x | ₹1238 cr | 11.3% | 15.0% | 0.3x |
| 2026-09 | 7.4x | ₹1238 cr | 11.3% | 15.0% | 0.3x |
| 2026-08 | 7.9x | ₹1217 cr | 11.4% | 15.0% | 0.3x |
| 2026-07 | 8.0x | ₹1217 cr | 11.4% | 15.0% | 0.3x |
| 2026-06 | 8.7x | ₹1217 cr | 11.4% | 15.0% | 0.3x |
| 2026-05 | 9.3x | ₹1189 cr | 17.0% | 17.0% | 0.3x |
| 2026-04 | 8.6x | ₹1189 cr | 17.0% | 17.0% | 0.3x |
| 2026-03 | 7.4x | ₹1189 cr | 17.0% | 17.0% | 0.3x |
| 2026-02 | 11.0x | ₹1160 cr | 16.2% | 17.0% | 0.3x |
| 2026-01 | 8.9x | ₹1160 cr | 16.2% | 17.0% | 0.3x |
| 2025-12 | 10.8x | ₹1160 cr | 16.2% | 17.0% | 0.3x |
| 2025-11 | 11.6x | ₹1131 cr | 15.5% | 17.0% | 0.3x |
| 2025-10 | 13.1x | ₹1131 cr | 15.5% | 17.0% | 0.3x |
| 2025-09 | 14.2x | ₹1131 cr | 15.5% | 17.0% | 0.3x |
| 2025-08 | 15.7x | ₹1098 cr | 14.9% | 17.0% | 0.3x |
| 2025-07 | 17.5x | ₹1098 cr | 14.9% | 17.0% | 0.3x |
| 2025-06 | 16.0x | ₹1098 cr | 14.9% | 17.0% | 0.3x |
| 2025-05 | 14.9x | ₹1060 cr | 19.1% | 16.0% | 0.4x |
| 2025-04 | 12.3x | ₹1060 cr | 19.1% | 16.0% | 0.4x |
| 2025-03 | 12.4x | ₹1060 cr | 19.1% | 16.0% | 0.4x |
| 2025-02 | 14.8x | ₹1026 cr | 16.2% | 16.0% | 0.4x |
| 2025-01 | 19.8x | ₹1026 cr | 16.2% | 16.0% | 0.4x |
| 2024-12 | 20.4x | ₹1026 cr | 16.2% | 16.0% | 0.4x |
| 2024-11 | 20.9x | ₹996 cr | 15.5% | 16.0% | 0.4x |
| 2024-10 | 19.9x | ₹996 cr | 15.5% | 16.0% | 0.4x |
| 2024-09 | 19.4x | ₹996 cr | 15.5% | 16.0% | 0.4x |
| 2024-08 | 23.3x | ₹983 cr | 14.4% | 16.0% | 0.4x |
| 2024-07 | 24.4x | ₹983 cr | 14.4% | 16.0% | 0.4x |
| 2024-06 | 16.0x | ₹983 cr | 14.4% | 16.0% | 0.4x |
| 2024-05 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2024-04 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2024-03 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2024-02 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2024-01 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2023-12 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2023-11 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2023-10 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2023-09 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2023-08 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2023-07 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2023-06 | — | ₹917 cr | -34.0% | 14.0% | 0.4x |
| 2023-05 | 8.5x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2023-04 | 8.2x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2023-03 | 6.0x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2023-02 | 6.9x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2023-01 | 7.7x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2022-12 | 8.0x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2022-11 | 8.2x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2022-10 | 8.7x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2022-09 | 8.6x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2022-08 | 9.5x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2022-07 | 9.8x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2022-06 | 9.9x | ₹843 cr | 14.6% | 17.0% | 0.3x |
| 2022-05 | 10.1x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2022-04 | 11.5x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2022-03 | 11.4x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2022-02 | 11.4x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2022-01 | 13.9x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2021-12 | 8.5x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2021-11 | 6.5x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2021-10 | 6.3x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2021-09 | 6.8x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2021-08 | 6.1x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2021-07 | 7.5x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2021-06 | 9.1x | ₹776 cr | 16.9% | 18.0% | 0.3x |
| 2021-05 | 9.8x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2021-04 | 9.1x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2021-03 | 9.9x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2021-02 | 10.4x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2021-01 | 9.9x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2020-12 | 10.2x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2020-11 | 7.3x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2020-10 | 6.9x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2020-09 | 5.3x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2020-08 | 4.3x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2020-07 | 2.9x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2020-06 | 2.1x | ₹771 cr | 17.1% | 21.0% | 0.3x |
| 2020-05 | 1.9x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2020-04 | 2.0x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2020-03 | — | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2020-02 | 1.7x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2020-01 | 2.3x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2019-12 | 2.3x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2019-11 | 1.9x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2019-10 | 2.0x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2019-09 | 3.1x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2019-08 | 1.9x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2019-07 | 2.1x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2019-06 | 3.5x | ₹814 cr | 23.4% | 28.0% | 0.4x |
| 2019-05 | 4.9x | ₹783 cr | 26.2% | 34.0% | 0.4x |
| 2019-04 | 6.1x | ₹783 cr | 26.2% | 34.0% | 0.4x |
| 2019-03 | 5.6x | ₹783 cr | 26.2% | 34.0% | 0.4x |
| 2019-02 | 5.1x | ₹783 cr | 26.2% | 34.0% | 0.4x |
| 2019-01 | 6.3x | ₹783 cr | 26.2% | 34.0% | 0.4x |