अApnaFunda
Menu

KALYANI INVESTMENT COMPANY LIM (KICL)

Finance · Financial Conglomerates · 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.49 / 100
Profitability 22Growth 26Balance sheet 100
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.46 / 100
Price 20Earnings 51FII/DII 69
Compare withJIO FINANCIAL SERVICESBAJAJ HOLDINGS & INVESTMENT LIMAHARASHTRA SCOOTERS

Share price

Closing priceAdjusted for splits and bonus issues.

₹4,412.8 latest close · −19.3% over the last 90 sessions

₹4,500₹5,000₹5,500Jun 23Jul 20Aug 13Sep 7Oct 5Nov 9 ₹4,500₹5,000₹5,500Jun 23Aug 26Nov 9

₹4,412.8 month-end · −14.7% over 12 months

₹4,000₹4,500₹5,000₹5,500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹4,000₹4,500₹5,000₹5,500Nov '25May '26Nov '26

₹4,412.8 month-end · +37.9% over 3 years

₹3,000₹4,000₹5,000₹6,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹3,000₹4,000₹5,000₹6,000Nov '23May '25Nov '26

₹4,412.8 month-end · +185.6% since Jan '19

₹2,000₹4,000₹6,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹2,000₹4,000₹6,000Jan '19Dec '22Nov '26

52-week range ₹4011.00 to ₹6554.90 · 1-year volatility 31.5%

Was the rally earned?

-15%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 42 points, while the multiple moved less (P/E 35.2x to 47.4x).
  • The share count barely moved.
Net profit growth: −42 pts. Points of the price return explained by net profit growing (or shrinking).−42 ptsNet profit growthP/E change: +28 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+28 ptsP/E changeShare price: −15%−15%Share priceNet profit growth: −42 pts. Points of the price return explained by net profit growing (or shrinking).−42ProfitP/E change: +28 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+28P/EShare price: −15%−15%Share price
Net profit growth-42 ptsNet profit fell about 37%, which lowers the price.
P/E change+28 ptsThe P/E rose from 35.2x to 47.4x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+38%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 24.1x to 47.4x); per-share earnings took off 42 points.
  • The share count barely moved.
Net profit growth: −42 pts. Points of the price return explained by net profit growing (or shrinking).−42 ptsNet profit growthP/E change: +80 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+80 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +38%+38%Share priceNet profit growth: −42 pts. Points of the price return explained by net profit growing (or shrinking).−42ProfitP/E change: +80 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+80P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +38%+38%Share price
Net profit growth-42 ptsNet profit fell about 30%, which lowers the price.
P/E change+80 ptsThe P/E rose from 24.1x to 47.4x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+136%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 23.6x to 47.4x); per-share earnings added 26 points.
  • The share count barely moved.
Net profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24 ptsNet profit growthP/E change: +111 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+111 ptsP/E changeShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2 ptsShare count changeShare price: +136%+136%Share priceNet profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24ProfitP/E change: +111 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+111P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: +136%+136%Share price
Net profit growth+24 ptsNet profit rose about 16%, which lifts the price.
P/E change+111 ptsThe P/E rose from 23.6x to 47.4x, which lifts the price.
Share count change+2 ptsShare count was little changed. More shares would count against 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 JIO FINANCIAL SERVICES

How rough has the ride been?

Maximum drawdown-57.5%recovered 2021-06
1-year volatility31.5%annualised
Beta vs sector index1.143-year daily, correlation 0.49
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−55.6% 0%−20%−40%−60%2020202220242026−55.6%
Largest drawdowns

-57.5% (2019-06 peak to 2020-03 low, recovered 2021-06)

-56.9% (2024-10 peak to 2025-03 low, not yet recovered)

-40.7% (2021-08 peak to 2022-06 low, recovered 2023-08)

Most recent volume spikes

2026-07-13: 7.1x the 50-day median, price +2.2% 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?

47.4xP/E todayNear its historic high
Against its own history92nd percentile
CheapestMedian 20.4xDearest

Usual range 11.8x to 46.3x since 2019-01.

Against Finance47.4x vs 18.1x
This company
47.4x
Sector median
18.1x

162% above the Finance median.

6.8x26.3x45.8x65.3xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x26.3x45.8x65.3xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

Where does it rank among Finance peers?

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

  • ROCE13thflat vs a year ago
  • Op. margin30th▲ 24 pts vs a year ago
  • Revenue growth27th▼ 37 pts vs a year ago
  • EPS growth20th▼ 20 pts vs a year ago
  • Debt/equity ↓90thflat vs a year ago
  • Cash cycle ↓89thflat vs a year ago
  • P/E ↓20th▼ 16 pts vs a year ago
  • 12M momentum51st▲ 3 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 Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~21%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 32.8x, a holder earning 12%/yr needs earnings to grow about 21.1%/yr for 10 years, then trade at 15x.

Delivered3.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+17.5 ptsimplied minus delivered
Rank188thmost demanding of 856

Over time

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

0%13%27% Jan 2019Nov 2026 0%13%27% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x22.7%23.8%24.9%
15x20.0%21.1%22.2%
20x16.6%17.7%18.7%

Drag a slider to test other assumptions

Implied: 21.1%/yr

Looking back

  • Jan 2020Price implied 14%/yr; EPS has since grown −7%/yr (7.0 yrs)
  • Jan 2021Price implied 12%/yr; EPS has since grown −4%/yr (6.0 yrs)
  • Jan 2022Price implied 14%/yr; EPS has since grown 1%/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 Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹4412.80
P/E
47.4x
ROCE
0.0%
Market Cap
₹1926 cr
Revenue (TTM)
₹78 cr
P/S
24.6x
P/B
0.2x
ROE
0.4%
Operating Margin
16.6%
Debt / Equity
0.0x
Promoter Holding
75.0%
12M Momentum
-14.7%

52-week range

₹4011.00₹6554.90
16% of the way from its 52-week low to its high

Price risk

1Y volatility
31.5%
Beta vs sector
1-year daily
1.06

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
-0.26x
low
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 5checks within range2 beyond a threshold
Other income reliance8%Within range

Other income as a share of pre-tax profit (trailing twelve months): 8.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.26xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.26x (cash from operations ₹-46 cr, net profit ₹179 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow0 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 0. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (0 vs 0). 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.

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 2 years, FIIs trimmed 1.3 pts; DIIs added 0.6 pts.
  • The number of shareholders rose from 18,615 to 23,781 (+28%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters75.0%75.0%0.0 pts
FIIs1.9%0.6%-1.3 pts
DIIs0.0%0.6%+0.6 pts
Public and others23.1%23.8%+0.7 pts

Number of shareholders

23,781shareholders+28% since Dec '23
19k21k24k26k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 18,615
Mar '24: 19,637
Jun '24: 20,570
Sep '24: 20,473
Dec '24: 25,428
Mar '25: 26,134
Jun '25: 26,041
Sep '25: 25,545
Dec '25: 25,245
Mar '26: 24,502
Jun '26: 23,781
 19k21k24k26k Dec '23Dec '24Dec '25Jun '26
Dec '23: 18,615
Mar '24: 19,637
Jun '24: 20,570
Sep '24: 20,473
Dec '24: 25,428
Mar '25: 26,134
Jun '25: 26,041
Sep '25: 25,545
Dec '25: 25,245
Mar '26: 24,502
Jun '26: 23,781

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

+3.5%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 KALYANI INVESTMENT COMPANY LIM 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 −23% to +43% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (+7.3%, 80% range −2.9% to +11.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
OSWALGREEN · Sep 2025: −50.8% vs market
FMGOETZE · Jun 2020: −49.6% vs market
FCSSOFT · Jun 2025: −46.7% vs market
APCOTEXIND · Nov 2023: −45.5% vs market
DIAMINESQ · Jun 2025: −44.7% vs market
VAKRANGEE · Nov 2020: −36.9% vs market
RAILTEL · Oct 2025: −36.1% vs market
SUNTECK · Sep 2025: −33.6% vs market
MOIL · Jun 2025: −28.5% vs market
TREL · Jun 2025: −26.2% vs market
RIIL · May 2024: −24.4% vs market
NAUKRI · Jun 2021: −23.5% vs market
SREEL · Jun 2021: −22.7% vs market
GANGESSECU · Oct 2025: −22.5% vs market
WONDERLA · Aug 2025: −18.6% vs market
SUMMITSEC · Aug 2021: −17.3% vs market
STEL · Jan 2022: −12.0% vs market
JSWHL · Oct 2021: −9.3% vs market
JUSTDIAL · Mar 2023: −9.2% vs market
UNIENTER · Jul 2021: −8.5% vs market
MODIRUBBER · May 2022: −6.4% vs market
SILINV · Jun 2021: −0.4% vs market
TATAINVEST · Jul 2020: +0.5% vs market
AETHER · Nov 2024: +2.7% vs market
TAINWALCHM · Sep 2024: +3.2% vs market
MCX · Jul 2022: +3.7% vs market
GUJAPOLLO · Jul 2022: +5.7% vs market
APTECHT · Feb 2022: +7.3% vs market
TEXINFRA · Nov 2021: +7.8% vs market
NATCOPHARM · May 2023: +12.3% vs market
WENDT · Nov 2020: +14.2% vs market
ANTELOPUS · Jun 2021: +14.8% vs market
BSE · Jun 2020: +23.6% vs market
LAOPALA · May 2022: +36.4% vs market
PRIMESECU · Jan 2024: +36.8% vs market
ASTRAMICRO · Mar 2020: +38.9% vs market
KENNAMET · May 2021: +39.8% vs market
TECHNOE · Feb 2024: +43.6% vs market
NINSYS · May 2025: +47.3% vs market
MAHSCOOTER · Nov 2024: +50.2% vs market
GEECEE · Aug 2023: +51.6% vs market
LPDC · Sep 2020: +53.6% vs market
NSIL · Jul 2024: +58.4% vs market
MAHAPEXLTD · Jun 2022: +58.8% vs market
DIVGIITTS · Jun 2025: +63.3% vs market
ZENTEC · Jul 2021: +72.8% vs market
LMW · Jul 2020: +84.1% vs market
LINDEINDIA · Jul 2021: +93.0% vs market
GKWLIMITED · Feb 2023: +110.8% vs market
CARTRADE · Mar 2024: +148.8% vs market
Similar setups +3.5%All companies −3.8%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
+3.5%
All companies' median
−3.8%
Beat the market
56% vs 46%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JSWHL
Finance		 Oct 2021 66x1% +86%−24% −9%
RIIL
Industrial Services		 May 2024 102x3% +30%−22% −24%
TATAINVEST
Finance		 Jul 2020 41x1% −11%−27% +1%
SUMMITSEC
Finance		 Aug 2021 40x1% +68%−17% −17%
MAHSCOOTER
Finance		 Nov 2024 52x1% +19%−25% +50%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GKWLIMITED
Transportation		 Feb 2023 82x5% −11%−25% +111%
TEXINFRA
Utilities		 Nov 2021 63x1% +47%−26% +8%
UNIENTER
Producer Manufacturing		 Jul 2021 37x1% +113%−6% −9%
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: drawdown from 12-month high, 12-month momentum and revenue growth. 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 KALYANI INVESTMENT COMPANY LIM. 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.

GKWGKWLIMITED
Transportation
54%similar
debt/equityrevenue
WONDERLA HOLIDAYSWONDERLA
Consumer Services
51%similar
revenue growthEPS growth
UNIPHOS ENTERPRISESUNIENTER
Producer Manufacturing
50%similar
debt/equityrevenue
SREELEATHERSSREEL
Consumer Non-Durables
48%similar
promoter holdingdebt/equity
HATHWAY CABLE & DATACOM LIMITEHATHWAY
Consumer Services
44%similar
promoter holdingmarket cap
PRIME SECURITIESPRIMESECU
Finance
50%similar
revenuevolatility
NALWA SONS INVESTMENTNSIL
Finance
34%similar
ROCErevenue
TATA INVESTMENT CORPORATION LTTATAINVEST
Finance
33%similar
debt/equityROCE

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. SepPeer rankSlipped to the 3rd quartile of Finance on operating margin (from the top quartile).
  2. JulPriceVolume reached 7.1x its 50-day median on 2026-07-13; price +2.2% that day.
  3. JunPeer rankMoved into the top quartile of Finance on operating margin (from the 2nd quartile).
  4. JunDividendStarted paying a dividend (payout 12% of profit).
  5. MarPeer rankSlipped to the 2nd quartile of Finance on operating margin (from the top quartile).
  6. DecPeer rankMoved into the top quartile of Finance on operating margin (from the bottom quartile).
  7. OctPriceVolume reached 30.2x its 50-day median on 2025-10-17; price +6.0% that day.
  8. SepResultsYear-on-year EPS growth turned negative.
Show 22 earlier events
  1. SepValuationP/E crossed above the 90th percentile of its own history to date (33.4x).
  2. SepPeer rankSlipped to the bottom quartile of Finance on operating margin (from the top quartile).
  3. JunPeer rankMoved into the top quartile of Finance on operating margin (from the bottom quartile).
  4. MarPriceFell 57% from the Oct 2024 peak to the Mar 2025 low.
  5. MarPeer rankSlipped to the bottom quartile of Finance on operating margin (from the top quartile).
  6. MarPriceVolume reached 9.3x its 50-day median on 2025-03-06; price +9.0% that day.
  7. OctPriceVolume reached 61.5x its 50-day median on 2024-10-22; price +4.6% that day.
  8. JunResultsRevenue (TTM) reached a new high of ₹67 cr.
  9. JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
  10. JunPriceVolume reached 30.3x its 50-day median on 2024-06-24; price +20.0% that day.
  11. MarPriceVolume reached 8.5x its 50-day median on 2024-03-01; price +10.1% that day.
  12. DecPriceVolume reached 11.0x its 50-day median on 2023-12-22; price +9.0% that day.
  13. NovValuationP/E crossed above the 90th percentile of its own history to date (24.1x).
  14. AugPriceRegained the 2021-08 peak, 14 months after the low.
  15. AugPriceVolume reached 20.4x its 50-day median on 2023-08-17; price +7.9% that day.
  16. JunResultsRevenue (TTM) reached a new high of ₹56 cr.
  17. JanPriceVolume reached 106.8x its 50-day median on 2023-01-02; price +18.1% that day.
  18. SepPriceVolume reached 13.3x its 50-day median on 2022-09-14; price +5.9% that day.
  19. JunResultsYear-on-year EPS growth turned positive.
  20. JunPriceFell 41% from the Aug 2021 peak to the Jun 2022 low.
  21. JunValuationP/E fell below the 10th percentile of its own history to date (11.4x).
  22. JunPeer rankSlipped to the bottom quartile of Finance on ROCE (from the 3rd quartile).

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
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1147.4x₹78 cr0.4%0.0%0.0x
2026-1046.6x₹78 cr0.4%0.0%0.0x
2026-0951.6x₹78 cr0.4%0.0%0.0x
2026-0861.5x₹78 cr0.3%0.0%0.0x
2026-0765.3x₹78 cr0.3%0.0%0.0x
2026-0663.1x₹78 cr0.3%0.0%0.0x
2026-0551.0x₹78 cr0.5%1.0%0.0x
2026-0448.1x₹78 cr0.5%1.0%0.0x
2026-0340.7x₹78 cr0.5%1.0%0.0x
2026-0249.2x₹77 cr0.5%1.0%0.0x
2026-0145.8x₹77 cr0.5%1.0%0.0x
2025-1248.6x₹77 cr0.5%1.0%0.0x
2025-1135.2x₹79 cr0.7%1.0%0.0x
2025-1037.2x₹79 cr0.7%1.0%0.0x
2025-0933.4x₹79 cr0.7%1.0%0.0x
2025-0828.9x₹78 cr0.8%1.0%0.0x
2025-0729.2x₹78 cr0.8%1.0%0.0x
2025-0631.6x₹78 cr0.8%1.0%0.0x
2025-0529.1x₹77 cr0.9%1.0%0.0x
2025-0425.8x₹77 cr0.9%1.0%0.0x
2025-0324.3x₹77 cr0.9%1.0%0.0x
2025-0220.4x₹76 cr0.9%1.0%0.0x
2025-0127.0x₹76 cr0.9%1.0%0.0x
2024-1233.7x₹76 cr0.9%1.0%0.0x
2024-1139.0x₹68 cr0.8%1.0%0.0x
2024-1039.6x₹68 cr0.8%1.0%0.0x
2024-0939.9x₹68 cr0.8%1.0%0.0x
2024-0836.7x₹67 cr0.8%1.0%0.0x
2024-0738.4x₹67 cr0.8%1.0%0.0x
2024-0639.3x₹67 cr0.8%1.0%0.0x
2024-0533.3x₹56 cr1.0%1.0%0.0x
2024-0433.0x₹56 cr1.0%1.0%0.0x
2024-0327.3x₹56 cr1.0%1.0%0.0x
2024-0229.8x₹56 cr1.0%1.0%0.0x
2024-0128.3x₹56 cr1.0%1.0%0.0x
2023-1224.8x₹56 cr1.0%1.0%0.0x
2023-1124.1x₹56 cr1.0%1.0%0.0x
2023-1019.5x₹56 cr1.0%1.0%0.0x
2023-0921.4x₹56 cr1.0%1.0%0.0x
2023-0818.7x₹56 cr1.0%1.0%0.0x
2023-0714.5x₹56 cr1.0%1.0%0.0x
2023-0613.7x₹56 cr1.0%1.0%0.0x
2023-0513.9x₹31 cr1.1%1.0%0.0x
2023-0413.7x₹31 cr1.1%1.0%0.0x
2023-0313.4x₹31 cr1.1%1.0%0.0x
2023-0213.2x₹31 cr1.1%1.0%0.0x
2023-0114.5x₹31 cr1.1%1.0%0.0x
2022-1214.5x₹31 cr1.1%1.0%0.0x
2022-1114.3x₹31 cr1.1%1.0%0.0x
2022-1014.5x₹31 cr1.1%1.0%0.0x
2022-0913.0x₹31 cr1.1%1.0%0.0x
2022-0812.0x₹31 cr1.1%1.0%0.0x
2022-0711.6x₹31 cr1.1%1.0%0.0x
2022-0611.4x₹31 cr1.1%1.0%0.0x
2022-0520.4x₹8 cr0.8%1.0%0.0x
2022-0421.8x₹8 cr0.8%1.0%0.0x
2022-0320.0x₹8 cr0.8%1.0%0.0x
2022-0220.6x₹8 cr0.8%1.0%0.0x
2022-0122.8x₹8 cr0.8%1.0%0.0x
2021-1222.7x₹8 cr0.8%1.0%0.0x
2021-1123.6x₹8 cr0.8%1.0%0.0x
2021-1024.5x₹8 cr0.8%1.0%0.0x
2021-0926.7x₹8 cr0.8%1.0%0.0x
2021-0825.9x₹8 cr0.8%1.0%0.0x
2021-0725.8x₹8 cr0.8%1.0%0.0x
2021-0625.9x₹8 cr0.8%1.0%0.0x
2021-0515.4x₹42 cr2.4%2.0%0.0x
2021-0414.4x₹42 cr2.4%2.0%0.0x
2021-0314.3x₹42 cr2.4%2.0%0.0x
2021-0214.4x₹42 cr2.4%2.0%0.0x
2021-0113.9x₹42 cr2.4%2.0%0.0x
2020-1213.0x₹42 cr2.4%2.0%0.0x
2020-1112.1x₹42 cr2.4%2.0%0.0x
2020-1011.6x₹42 cr2.4%2.0%0.0x
2020-0911.8x₹42 cr2.4%2.0%0.0x
2020-0812.6x₹42 cr2.4%2.0%0.0x
2020-0711.5x₹42 cr2.4%2.0%0.0x
2020-0611.6x₹42 cr2.4%2.0%0.0x
2020-058.2x₹32 cr1.6%1.0%0.0x
2020-047.6x₹32 cr1.6%1.0%0.0x
2020-036.8x₹32 cr1.6%1.0%0.0x
2020-0210.7x₹32 cr1.6%1.0%0.0x
2020-0112.5x₹32 cr1.6%1.0%0.0x
2019-1213.2x₹32 cr1.6%1.0%0.0x
2019-1112.7x₹32 cr1.6%1.0%0.0x
2019-1012.1x₹32 cr1.6%1.0%0.0x
2019-0912.4x₹32 cr1.6%1.0%0.0x
2019-0811.8x₹32 cr1.6%1.0%0.0x
2019-0712.4x₹32 cr1.6%1.0%0.0x
2019-0612.9x₹32 cr1.6%1.0%0.0x
2019-0516.1x₹28 cr1.0%2.0%0.0x
2019-0415.3x₹28 cr1.0%2.0%0.0x
2019-0313.7x₹28 cr1.0%2.0%0.0x
2019-0214.2x₹28 cr1.0%2.0%0.0x
2019-0113.3x₹28 cr1.0%2.0%0.0x

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.

Feedback