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KPIT TECHNOLOGIES LIMITED (KPITTECH)

Technology Services · Packaged Software · 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.63 / 100
Profitability 62Growth 66Balance sheet 62
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.21 / 100
Price 28Earnings 11FII/DII 25

Passes these screensCash RichDebt-light & profitableLittle growth priced inConsistent compounders

Compare withONE 97 COMMUNICATIONS PAYTMORACLE FINANCIAL SERVICES SOFTMPHASIS

Share price

Closing priceAdjusted for splits and bonus issues.

₹542.35 latest close · −2.9% over the last 90 sessions

₹500₹600Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹500₹600Jul 3Sep 4Nov 9

₹542.35 month-end · −55.6% over 12 months

₹500₹750₹1,000₹1,250Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹750₹1,000₹1,250Nov '25May '26Nov '26

₹542.35 month-end · −63.8% over 3 years

₹500₹1,000₹1,500Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹500₹1,000₹1,500Nov '23May '25Nov '26

₹542.35 month-end · +425.3% since Apr '19

₹0₹1,000₹2,000Apr '19Oct '20Apr '22Nov '23May '25Nov '26 ₹0₹1,000₹2,000Apr '19Feb '23Nov '26

52-week range ₹470.10 to ₹1284.90 · 1-year volatility 40.6%

Was the rally earned?

-56%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings took off 22 points and the multiple took off 33 points (P/E 41.5x to 25.5x).
  • The share count barely moved.
Net profit growth: −22 pts. Points of the price return explained by net profit growing (or shrinking).−22 ptsNet profit growthP/E change: −33 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−33 ptsP/E changeShare price: −56%−56%Share priceNet profit growth: −22 pts. Points of the price return explained by net profit growing (or shrinking).−22ProfitP/E change: −33 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−33P/EShare price: −56%−56%Share price
Net profit growth-22 ptsNet profit fell about 28%, which lowers the price.
P/E change-33 ptsThe P/E fell from 41.5x to 25.5x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-64%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 27 points, but investors now pay less per rupee of profit (P/E 107.9x to 25.5x), which took 90 points back.
  • The share count barely moved.
Net profit growth: +26 pts. Points of the price return explained by net profit growing (or shrinking).+26 ptsNet profit growthP/E change: −90 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−90 ptsP/E changeShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1 ptsShare count changeShare price: −64%−64%Share priceNet profit growth: +26 pts. Points of the price return explained by net profit growing (or shrinking).+26ProfitP/E change: −90 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−90P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −64%−64%Share price
Net profit growth+26 ptsNet profit rose about 51%, which lifts the price.
P/E change-90 ptsThe P/E fell from 107.9x to 25.5x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+10%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 145 points, but investors now pay less per rupee of profit (P/E 92.8x to 25.5x), which took 135 points back.
  • The share count barely moved.
Net profit growth: +144 pts. Points of the price return explained by net profit growing (or shrinking).+144 ptsNet profit growthP/E change: −135 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−135 ptsP/E changeShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1 ptsShare count changeShare price: +10%+10%Share priceNet profit growth: +144 pts. Points of the price return explained by net profit growing (or shrinking).+144ProfitP/E change: −135 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−135P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +10%+10%Share price
Net profit growth+144 ptsNet profit rose about 297%, which lifts the price.
P/E change-135 ptsThe P/E fell from 92.8x to 25.5x, which lowers the price.
Share count change+1 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 ONE 97 COMMUNICATIONS PAYTM

How rough has the ride been?

Maximum drawdown-74.8%not yet recovered
1-year volatility40.6%annualised
Beta vs sector index1.013-year daily, correlation 0.52
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−74.4% 0%−25%−50%−75%2020202220242026−74.4%
Largest drawdowns

-74.8% (2024-07 peak to 2026-10 low, not yet recovered)

-69.6% (2019-04 peak to 2020-03 low, recovered 2020-09)

-39.0% (2022-01 peak to 2022-06 low, recovered 2023-01)

Most recent volume spikes

2026-10-28: 5.2x the 50-day median, price +3.9% that day

2026-07-30: 7.7x the 50-day median, price -7.7% that day

2026-07-29: 15x the 50-day median, price +6.0% 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?

25.5xP/E todayNear its historic low
Against its own history14th percentile
CheapestMedian 49.3xDearest

Usual range 24.8x to 106.7x since 2019-04.

Against Technology Services25.5x vs 21.1x
This company
25.5x
Sector median
21.1x

21% above the Technology Services median.

7.4x45.3x83.3x121.3xApr '19Nov '20Jun '22Jan '24Aug '25Nov '267.4x45.3x83.3x121.3xApr '19Nov '21Jun '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianTechnology Services 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 Technology Services is valued

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

  • ROCE75th▼ 14 pts vs a year ago
  • Op. margin50th▼ 16 pts vs a year ago
  • Revenue growth44th▼ 18 pts vs a year ago
  • EPS growth16th▼ 49 pts vs a year ago
  • Debt/equity ↓33rd▼ 8 pts vs a year ago
  • Cash cycle ↓63rd▼ 3 pts vs a year ago
  • P/E ↓41st▲ 9 pts vs a year ago
  • 12M momentum6th▼ 62 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 Technology Services sector page Watch it move against Technology Services in the Observatory

What is the price implying?

~17%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 27.1x, a holder earning 12%/yr needs earnings to grow about 16.9%/yr for 10 years, then trade at 15x.

Delivered42.5%/yrEPS, last 8 fiscal years · 3-yr avg to 3-yr avg
Gap−25.5 ptsimplied minus delivered
Rank804thmost demanding of 856

Over time

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

0%27%53% Jun 2019Nov 2026 0%27%53% Jun 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x18.3%19.3%20.4%
15x15.9%16.9%18.0%
20x12.9%13.9%14.9%

Drag a slider to test other assumptions

Implied: 16.9%/yr

Looking back

  • Jan 2020Price implied 25%/yr; EPS has since grown 42%/yr (7.0 yrs)
  • Jan 2021Price implied 18%/yr; EPS has since grown 27%/yr (6.0 yrs)
  • Jan 2022Price implied 45%/yr; EPS has since grown 34%/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 Technology Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹542.35
P/E
25.5x
ROCE
26.0%
Market Cap
₹14875 cr
Revenue (TTM)
₹6591 cr
P/S
2.3x
P/B
4.2x
ROE
16.5%
Operating Margin
15.0%
Debt / Equity
0.2x
Promoter Holding
38.6%
12M Momentum
-55.6%

52-week range

₹470.10₹1284.90
9% of the way from its 52-week low to its high

Price risk

1Y volatility
40.6%
Beta vs sector
1-year daily
1.05

Balance sheet & cash

Interest cover
operating profit ÷ interest
10.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.73x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 6checks within rangeAll clear
Other income reliance2%Within range

Other income as a share of pre-tax profit (trailing twelve months): 2.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 27.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.73xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.73x (cash from operations ₹3,587 cr, net profit ₹2,076 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+5 daysWithin range

Debtor days are above the median of the previous three fiscal years by 5 days (61 vs 56). 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—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, FIIs trimmed 12.5 pts; DIIs added 11.4 pts; promoters trimmed 0.9 pts.
  • The number of shareholders rose from 5.0 lakh to 6.2 lakh (+26%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters39.5%38.6%-0.9 pts
FIIs25.7%13.2%-12.5 pts
DIIs12.3%23.6%+11.4 pts
Public and others21.5%23.9%+2.5 pts

Number of shareholders

6.2 lakhshareholders+26% since Sep '23
5.0L5.4L5.9L6.4L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 5.0 lakh
Dec '23: 5.1 lakh
Mar '24: 5.3 lakh
Jun '24: 5.3 lakh
Sep '24: 5.6 lakh
Dec '24: 6.2 lakh
Mar '25: 6.2 lakh
Jun '25: 6.4 lakh
Sep '25: 6.2 lakh
Dec '25: 6.0 lakh
Mar '26: 6.2 lakh
Jun '26: 6.2 lakh
 5.0L5.4L5.9L6.4L Sep '23Sep '24Sep '25Jun '26
Sep '23: 5.0 lakh
Dec '23: 5.1 lakh
Mar '24: 5.3 lakh
Jun '24: 5.3 lakh
Sep '24: 5.6 lakh
Dec '24: 6.2 lakh
Mar '25: 6.2 lakh
Jun '25: 6.4 lakh
Sep '25: 6.2 lakh
Dec '25: 6.0 lakh
Mar '26: 6.2 lakh
Jun '26: 6.2 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

−8.4%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like KPIT TECHNOLOGIES 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 −28% to +19% vs the market, against 0% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −8.7%, 80% range −15.2% to −0.5%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−50%0%+50%+100%
VALIANTORG · Jan 2022: −57.0% vs market
GLOBUSSPR · Mar 2023: −42.3% vs market
RAJRATAN · Jan 2024: −40.8% vs market
OAL · May 2022: −40.0% vs market
MOLDTKPAC · Jan 2024: −39.7% vs market
SFL · May 2023: −38.8% vs market
EPL · May 2021: −33.4% vs market
GREENPANEL · Jun 2023: −33.0% vs market
EASEMYTRIP · Aug 2025: −31.9% vs market
JWL · Jun 2025: −31.2% vs market
ROLEXRINGS · Mar 2024: −29.4% vs market
LUXIND · Jun 2022: −28.4% vs market
MATRIMONY · Feb 2022: −27.6% vs market
RUPA · Oct 2022: −27.5% vs market
FAIRCHEMOR · Aug 2023: −23.1% vs market
GVT&D · Jan 2021: −23.0% vs market
BALAMINES · Jul 2023: −22.6% vs market
MIDHANI · Feb 2021: −22.1% vs market
STOVEKRAFT · Aug 2022: −20.9% vs market
PRAJIND · Aug 2025: −18.4% vs market
BLUEDART · Aug 2023: −13.1% vs market
AARTIIND · Jan 2023: −11.9% vs market
LAURUSLABS · Jul 2023: −10.7% vs market
IONEXCHANG · Oct 2025: −10.6% vs market
TRIDENT · Nov 2022: −10.2% vs market
RSYSTEMS · Jul 2024: −6.6% vs market
AARTIDRUGS · Jun 2022: −4.1% vs market
MPHASIS · Oct 2022: −2.1% vs market
METROPOLIS · Apr 2023: −1.7% vs market
FSL · Jun 2022: +3.0% vs market
NRBBEARING · Feb 2020: +3.4% vs market
CAMPUS · Mar 2024: +3.7% vs market
DOLLAR · Feb 2023: +5.8% vs market
THEJO · Jun 2025: +6.2% vs market
VAIBHAVGBL · Sep 2022: +7.9% vs market
PRINCEPIPE · Oct 2022: +8.7% vs market
MASTEK · Sep 2022: +18.8% vs market
ENDURANCE · Mar 2022: +19.4% vs market
VENUSPIPES · Aug 2025: +27.7% vs market
AEGISLOG · Jun 2022: +27.9% vs market
VIPIND · Jan 2021: +29.7% vs market
COFORGE · Sep 2022: +30.8% vs market
GREENPLY · Dec 2020: +32.6% vs market
ZEEL · Aug 2021: +39.7% vs market
NEWGEN · Jun 2022: +58.1% vs market
ZENSARTECH · Jul 2022: +75.1% vs market
INTELLECT · Mar 2023: +79.8% vs market
BSOFT · Dec 2022: +90.0% vs market
CYIENT · Jun 2020: +90.7% vs market
MARKSANS · Sep 2025: +94.2% vs market
Similar setups −8.4%All companies +0.3%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−8.4%
All companies' median
+0.3%
Beat the market
42% vs 50%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
LUXIND
Consumer Non-Durables		 Jun 2022 16x34% −51%−61% −28%
METROPOLIS
Health Services		 Apr 2023 30x29% −48%−48% −2%
MASTEK
Technology Services		 Sep 2022 18x32% −44%−49% +19%
LAURUSLABS
Health Technology		 Jul 2023 24x23% −33%−40% −11%
JWL
Producer Manufacturing		 Jun 2025 43x21% −44%−47% −31%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
COFORGE
Technology Services		 Sep 2022 31x32% −36%−45% +31%
MPHASIS
Technology Services		 Oct 2022 24x27% −40%−43% −2%
VAIBHAVGBL
Consumer Durables		 Sep 2022 24x21% −50%−53% +8%
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: P/S, 12-month momentum and P/E. 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 KPIT TECHNOLOGIES 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.

PRICOLPRICOLLTD
Producer Manufacturing
75%similar
promoter holdingROCE
LT FOODSLTFOODS
Process Industries
71%similar
market capEPS growth
SPR AUTO TECHNOLOGIESSHRIPISTON
Producer Manufacturing
69%similar
revenue growthvolatility
MARKSANS PHARMAMARKSANS
Health Technology
65%similar
market capP/E
TIME TECHNOPLASTTIMETECHNO
Process Industries
64%similar
revenuedebt/equity
MASTEKMASTEK
Technology Services
59%similar
operating marginpromoter holding
COFORGECOFORGE
Technology Services
58%similar
ROCErevenue growth
PERSISTENT SYSTEMSPERSISTENT
Technology Services
58%similar
revenue growthoperating margin

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

What changed?

30 events since Sep '22

  1. OctPriceFell 75% from the Jul 2024 peak to the Oct 2026 low.
  2. OctPeer rankSlipped to the 2nd quartile of Technology Services on ROCE (from the top quartile).
  3. OctPriceVolume reached 5.2x its 50-day median on 2026-10-28; price +3.9% that day.
  4. AugValuationP/E fell below the 10th percentile of its own history to date (25.2x).
  5. JulPriceVolume reached 17.6x its 50-day median on 2026-07-01; price -17.0% that day.
  6. JunPeer rankSlipped to the bottom quartile of Technology Services on EPS growth (from the 3rd quartile).
  7. MayPriceVolume reached 6.9x its 50-day median on 2026-05-06; price -3.1% that day.
  8. MarResultsYear-on-year EPS growth turned negative.
Show 22 earlier events
  1. MarValuationP/E fell below the 10th percentile of its own history to date (24.2x).
  2. MarPeer rankSlipped to the 3rd quartile of Technology Services on EPS growth (from the 2nd quartile).
  3. FebPriceVolume reached 10.0x its 50-day median on 2026-02-13; price -3.3% that day.
  4. SepPeer rankSlipped to the 2nd quartile of Technology Services on EPS growth (from the top quartile).
  5. SepPriceVolume reached 8.4x its 50-day median on 2025-09-30; price -9.3% that day.
  6. AprPriceVolume reached 6.0x its 50-day median on 2025-04-28; price +0.8% that day.
  7. JanPriceVolume reached 9.8x its 50-day median on 2025-01-29; price +8.8% that day.
  8. OctPriceVolume reached 16.7x its 50-day median on 2024-10-24; price -13.7% that day.
  9. JulPriceVolume reached 7.4x its 50-day median on 2024-07-12; price +9.1% that day.
  10. JunResultsRevenue (TTM) reached a new high of ₹4,872 cr.
  11. AprPriceVolume reached 6.0x its 50-day median on 2024-04-29; price +6.5% that day.
  12. NovValuationP/E crossed above the 90th percentile of its own history to date (107.9x).
  13. OctPriceVolume reached 6.0x its 50-day median on 2023-10-31; price +2.7% that day.
  14. JulPriceVolume reached 5.8x its 50-day median on 2023-07-25; price -0.0% that day.
  15. JunResultsRevenue (TTM) reached a new high of ₹3,365 cr.
  16. JunPeer rankMoved into the top quartile of Technology Services on ROCE (from the 2nd quartile).
  17. MayValuationP/E crossed above the 90th percentile of its own history to date (106.3x).
  18. AprPriceVolume reached 9.8x its 50-day median on 2023-04-05; price +0.6% that day.
  19. FebPriceVolume reached 7.4x its 50-day median on 2023-02-02; price +6.0% that day.
  20. JanPriceRegained the 2022-01 peak, 7 months after the low.
  21. OctPriceVolume reached 6.7x its 50-day median on 2022-10-21; price +9.0% that day.
  22. SepPriceVolume reached 13.7x its 50-day median on 2022-09-22; price +10.9% that day.

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 history92 months · 2019-04 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1125.5x₹6591 cr16.5%26.0%0.2x
2026-1025.0x₹6591 cr16.4%26.0%0.2x
2026-0923.5x₹6591 cr16.4%26.0%0.2x
2026-0825.2x₹6455 cr18.0%26.0%0.2x
2026-0725.7x₹6455 cr18.0%26.0%0.2x
2026-0628.9x₹6455 cr18.0%26.0%0.2x
2026-0529.4x₹6272 cr24.7%40.0%0.1x
2026-0428.9x₹6272 cr24.7%40.0%0.1x
2026-0324.2x₹6272 cr24.7%40.0%0.1x
2026-0227.4x₹6133 cr26.5%40.0%0.1x
2026-0137.0x₹6133 cr26.5%40.0%0.1x
2025-1241.6x₹6133 cr26.5%40.0%0.1x
2025-1141.5x₹6016 cr27.7%40.0%0.1x
2025-1039.6x₹6016 cr27.7%40.0%0.1x
2025-0937.3x₹6016 cr27.7%40.0%0.1x
2025-0838.9x₹5842 cr28.8%40.0%0.1x
2025-0740.0x₹5842 cr28.8%40.0%0.1x
2025-0641.1x₹5842 cr28.8%40.0%0.1x
2025-0548.3x₹5632 cr35.5%38.0%0.2x
2025-0445.3x₹5632 cr35.5%38.0%0.2x
2025-0347.2x₹5632 cr35.5%38.0%0.2x
2025-0245.1x₹5411 cr34.1%38.0%0.2x
2025-0153.1x₹5411 cr34.1%38.0%0.2x
2024-1255.2x₹5411 cr34.1%38.0%0.2x
2024-1156.4x₹5139 cr31.1%38.0%0.2x
2024-1057.4x₹5139 cr31.1%38.0%0.2x
2024-0967.1x₹5139 cr31.1%38.0%0.2x
2024-0883.7x₹4872 cr27.9%38.0%0.2x
2024-0785.0x₹4872 cr27.9%38.0%0.2x
2024-0675.4x₹4872 cr27.9%38.0%0.2x
2024-05104.8x₹3365 cr23.4%30.0%0.2x
2024-04107.5x₹3365 cr23.4%30.0%0.2x
2024-03106.9x₹3365 cr23.4%30.0%0.2x
2024-02113.0x₹3365 cr23.4%30.0%0.2x
2024-01111.6x₹3365 cr23.4%30.0%0.2x
2023-12108.9x₹3365 cr23.4%30.0%0.2x
2023-11107.9x₹3365 cr23.4%30.0%0.2x
2023-1087.6x₹3365 cr23.4%30.0%0.2x
2023-0982.9x₹3365 cr23.4%30.0%0.2x
2023-0884.6x₹3365 cr23.4%30.0%0.2x
2023-0777.9x₹3365 cr23.4%30.0%0.2x
2023-0678.4x₹3365 cr23.4%30.0%0.2x
2023-05106.3x₹2432 cr21.1%24.0%0.2x
2023-0491.7x₹2432 cr21.1%24.0%0.2x
2023-0392.5x₹2432 cr21.1%24.0%0.2x
2023-0283.0x₹2432 cr21.1%24.0%0.2x
2023-0176.3x₹2432 cr21.1%24.0%0.2x
2022-1270.4x₹2432 cr21.1%24.0%0.2x
2022-1171.5x₹2432 cr21.1%24.0%0.2x
2022-1070.9x₹2432 cr21.1%24.0%0.2x
2022-0966.0x₹2432 cr21.1%24.0%0.2x
2022-0856.2x₹2432 cr21.1%24.0%0.2x
2022-0754.8x₹2432 cr21.1%24.0%0.2x
2022-0651.8x₹2432 cr21.1%24.0%0.2x
2022-0599.5x₹2036 cr12.2%14.0%0.2x
2022-04103.9x₹2036 cr12.2%14.0%0.2x
2022-03112.8x₹2036 cr12.2%14.0%0.2x
2022-02106.7x₹2036 cr12.2%14.0%0.2x
2022-01121.2x₹2036 cr12.2%14.0%0.2x
2021-12115.0x₹2036 cr12.2%14.0%0.2x
2021-1192.8x₹2036 cr12.2%14.0%0.2x
2021-1057.9x₹2036 cr12.2%14.0%0.2x
2021-0964.1x₹2036 cr12.2%14.0%0.2x
2021-0863.2x₹2036 cr12.2%14.0%0.2x
2021-0752.9x₹2036 cr12.2%14.0%0.2x
2021-0648.7x₹2036 cr12.2%14.0%0.2x
2021-0545.2x₹2156 cr14.1%18.0%0.2x
2021-0436.7x₹2156 cr14.1%18.0%0.2x
2021-0333.0x₹2156 cr14.1%18.0%0.2x
2021-0226.9x₹2156 cr14.1%18.0%0.2x
2021-0126.5x₹2156 cr14.1%18.0%0.2x
2020-1226.4x₹2156 cr14.1%18.0%0.2x
2020-1119.9x₹2156 cr14.1%18.0%0.2x
2020-1017.5x₹2156 cr14.1%18.0%0.2x
2020-0922.7x₹2156 cr14.1%18.0%0.2x
2020-0815.7x₹2156 cr14.1%18.0%0.2x
2020-0712.0x₹2156 cr14.1%18.0%0.2x
2020-0611.7x₹2156 cr14.1%18.0%0.2x
2020-0524.9x₹641 cr5.7%20.0%0.1x
2020-0428.2x₹641 cr5.7%20.0%0.1x
2020-0317.8x₹641 cr5.7%20.0%0.1x
2020-0241.3x₹641 cr5.7%20.0%0.1x
2020-0150.2x₹641 cr5.7%20.0%0.1x
2019-1247.3x₹641 cr5.7%20.0%0.1x
2019-1149.4x₹641 cr5.7%20.0%0.1x
2019-1046.0x₹641 cr5.7%20.0%0.1x
2019-0948.1x₹641 cr5.7%20.0%0.1x
2019-0849.1x₹641 cr5.7%20.0%0.1x
2019-0740.1x₹641 cr5.7%20.0%0.1x
2019-0648.9x₹641 cr5.7%20.0%0.1x
2019-05—₹0 cr-271.3%—0.0x
2019-04—₹0 cr-271.3%—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.

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