Share price
₹206.87 latest close · −21.1% over the last 90 sessions
₹206.87 month-end · +7.0% over 12 months
₹206.87 month-end · −27.4% over 3 years
₹206.87 month-end · +1.8% since Jun '21
52-week range ₹131.45 to ₹272.00 · 1-year volatility 52.0%
Was the rally earned?
Partly.
- Most of the rise came from investors paying a higher multiple (P/E 11.6x to 25.0x); per-share earnings took off 73 points.
- The share count barely moved.
Mostly earnings.
- Per-share earnings took off 51 points, while the multiple moved less (P/E 18.9x to 25.0x).
- The share count barely moved.
Both mattered.
- Per-share earnings added 14 points and the multiple added 16 points (P/E 21.8x to 25.0x).
- The share count barely moved.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-72.3% (2024-06 peak to 2026-03 low, not yet recovered)
-54.1% (2020-10 peak to 2020-11 low, recovered 2021-03)
-47.9% (2021-06 peak to 2022-06 low, recovered 2022-11)
Most recent volume spikes
2026-09-30: 7x the 50-day median, price +5.1% that day
2026-09-16: 10x the 50-day median, price +2.3% that day
2026-09-09: 31x the 50-day median, price +8.8% 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 13.1x to 26.1x since 2021-06.
78% above the Industrial Services median.
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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 Industrial Services peers?
Each cell is the company's percentile rank among its Industrial 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
- ROCE43rd▼ 40 pts vs a year ago
- Op. margin49th▼ 8 pts vs a year ago
- Revenue growth13th▼ 36 pts vs a year ago
- EPS growth22nd▼ 29 pts vs a year ago
- Debt/equity ↓98th▲ 5 pts vs a year ago
- Cash cycle ↓4thflat vs a year ago
- P/E ↓26th▼ 49 pts vs a year ago
- 12M momentum79th▲ 61 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 Industrial Services sector page Watch it move against Industrial Services in the Observatory
What is the price implying?
At a P/E of 14.4x, the price would imply about 10.8%/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 Industrial Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹206.87
- P/E
- 25.0x
- ROCE
- 14.0%
- Market Cap
- ₹814 cr
- Revenue (TTM)
- ₹419 cr
- P/S
- 1.9x
- P/B
- 2.0x
- ROE
- 7.9%
- Operating Margin
- 12.9%
- Debt / Equity
- 0.0x
- Promoter Holding
- 70.3%
- 12M Momentum
- 7.0%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance10%Within range
Other income as a share of pre-tax profit (trailing twelve months): 9.9%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate26%Within range
Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.10xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.10x (cash from operations ₹18 cr, net profit ₹173 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+14 daysWithin range
Debtor days are above the median of the previous three fiscal years by 14 days (81 vs 67). 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-40 days / 2 yrsWithin range
Days payable changed by -40 over two years. Bands: rise of up to 30 days; more than 30 days.
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 3 years, FIIs trimmed 0.6 pts.
- The number of shareholders rose from 41,371 to 49,860 (+21%) between Sep 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 LIKHITHA INFRASTRUCTURE LTD 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 −31% to +48% vs the market, against −4% for all non-financial companies in the same months.
- The gap against the base rate (−0.7%, 80% range −18.8% to +5.7%) 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 · 7 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 38 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| MAZDA Producer Manufacturing |
Jul 2025 | 24x | 15% | +1% | −29% | −30% |
| BLS Technology Services |
Jun 2021 | 27x | 11% | +99% | −8% | +198% |
| HINDCON Process Industries |
Aug 2024 | 44x | 18% | +84% | −17% | −35% |
| DENTALKART Retail Trade |
May 2025 | 51x | — | +13% | −25% | −30% |
| KITEX Process Industries |
Apr 2022 | 32x | 11% | +166% | −12% | −38% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| HONDAPOWER Producer Manufacturing |
May 2025 | 48x | 15% | +9% | −33% | −18% |
| VINYLINDIA Distribution Services |
Jul 2020 | 19x | 14% | +18% | −31% | +24% |
| PODDARMENT Process Industries |
Jul 2021 | 18x | 14% | +131% | −4% | −40% |
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, drawdown from 12-month high and size. 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 Feb '23
- SepPriceVolume reached 31.0x its 50-day median on 2026-09-09; price +8.8% that day.
- JunValuationP/E crossed above the 90th percentile of its own history to date (26.7x).
- JunPeer rankSlipped to the 3rd quartile of Industrial Services on ROCE (from the top quartile).
- JunDividendDividend payout cut from 9% to 0% of profit.
- AprPriceVolume reached 36.4x its 50-day median on 2026-04-08; price +15.1% that day.
- MarPriceFell 72% from the Jun 2024 peak to the Mar 2026 low.
- MarPeer rankSlipped to the 3rd quartile of Industrial Services on operating margin (from the 2nd quartile).
- MarPriceVolume reached 49.6x its 50-day median on 2026-03-27; price +10.8% that day.
Show 22 earlier events
- DecPeer rankSlipped to the 3rd quartile of Industrial Services on EPS growth (from the 2nd quartile).
- DecPriceVolume reached 11.4x its 50-day median on 2025-12-24; price +6.4% that day.
- SepResultsYear-on-year EPS growth turned negative.
- SepPeer rankMoved into the 2nd quartile of Industrial Services on EPS growth (from the 3rd quartile).
- SepPriceVolume reached 7.2x its 50-day median on 2025-09-11; price -0.3% that day.
- AugValuationP/E fell below the 10th percentile of its own history to date (14.1x).
- MayPriceVolume reached 13.3x its 50-day median on 2025-05-29; price +8.6% that day.
- MarPriceVolume reached 19.2x its 50-day median on 2025-03-20; price +12.0% that day.
- FebValuationP/E fell below the 10th percentile of its own history to date (14.5x).
- DecPriceVolume reached 14.2x its 50-day median on 2024-12-05; price +9.7% that day.
- SepPeer rankSlipped to the 2nd quartile of Industrial Services on operating margin (from the top quartile).
- JunResultsRevenue (TTM) reached a new high of ₹422 cr.
- JunPeer rankSlipped to the 3rd quartile of Industrial Services on EPS growth (from the 2nd quartile).
- AprPriceRegained the 2023-09 peak, 1 month after the low.
- AprPriceVolume reached 26.9x its 50-day median on 2024-04-18; price +10.0% that day.
- MarPriceFell 31% from the Sep 2023 peak to the Mar 2024 low.
- MarValuationP/E fell below the 10th percentile of its own history to date (15.4x).
- FebPriceVolume reached 5.5x its 50-day median on 2024-02-13; price -2.7% that day.
- AugPriceVolume reached 8.1x its 50-day median on 2023-08-10; price -10.5% that day.
- JunResultsRevenue (TTM) reached a new high of ₹365 cr.
- AprPriceVolume reached 11.5x its 50-day median on 2023-04-18; price +10.4% that day.
- FebPriceVolume reached 5.3x its 50-day median on 2023-02-15; price +8.5% 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 history66 months · 2021-06 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 25.0x | ₹419 cr | 7.9% | 14.0% | 0.0x |
| 2026-10 | 24.6x | ₹419 cr | 7.8% | 14.0% | 0.0x |
| 2026-09 | 28.3x | ₹419 cr | 7.8% | 14.0% | 0.0x |
| 2026-08 | 20.9x | ₹457 cr | 9.4% | 14.0% | 0.0x |
| 2026-07 | 22.2x | ₹457 cr | 9.4% | 14.0% | 0.0x |
| 2026-06 | 26.7x | ₹457 cr | 9.4% | 14.0% | 0.0x |
| 2026-05 | 14.2x | ₹472 cr | 13.9% | 28.0% | 0.0x |
| 2026-04 | 16.1x | ₹472 cr | 13.9% | 28.0% | 0.0x |
| 2026-03 | 11.8x | ₹472 cr | 13.9% | 28.0% | 0.0x |
| 2026-02 | 9.8x | ₹485 cr | 16.1% | 28.0% | 0.0x |
| 2026-01 | 10.6x | ₹485 cr | 16.1% | 28.0% | 0.0x |
| 2025-12 | 12.6x | ₹485 cr | 16.1% | 28.0% | 0.0x |
| 2025-11 | 11.6x | ₹516 cr | 17.7% | 28.0% | 0.0x |
| 2025-10 | 14.0x | ₹516 cr | 17.7% | 28.0% | 0.0x |
| 2025-09 | 13.7x | ₹516 cr | 17.7% | 28.0% | 0.0x |
| 2025-08 | 14.1x | ₹519 cr | 18.6% | 28.0% | 0.0x |
| 2025-07 | 15.9x | ₹519 cr | 18.6% | 28.0% | 0.0x |
| 2025-06 | 16.4x | ₹519 cr | 18.6% | 28.0% | 0.0x |
| 2025-05 | 16.2x | ₹506 cr | 22.4% | 32.0% | 0.0x |
| 2025-04 | 14.5x | ₹506 cr | 22.4% | 32.0% | 0.0x |
| 2025-03 | 15.3x | ₹506 cr | 22.4% | 32.0% | 0.0x |
| 2025-02 | 14.5x | ₹481 cr | 22.0% | 32.0% | 0.0x |
| 2025-01 | 18.3x | ₹481 cr | 22.0% | 32.0% | 0.0x |
| 2024-12 | 20.1x | ₹481 cr | 22.0% | 32.0% | 0.0x |
| 2024-11 | 21.3x | ₹457 cr | 21.4% | 32.0% | 0.0x |
| 2024-10 | 21.6x | ₹457 cr | 21.4% | 32.0% | 0.0x |
| 2024-09 | 22.9x | ₹457 cr | 21.4% | 32.0% | 0.0x |
| 2024-08 | 26.6x | ₹422 cr | 21.0% | 32.0% | 0.0x |
| 2024-07 | 26.8x | ₹422 cr | 21.0% | 32.0% | 0.0x |
| 2024-06 | 27.5x | ₹422 cr | 21.0% | 32.0% | 0.0x |
| 2024-05 | 22.6x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2024-04 | 23.3x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2024-03 | 15.4x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2024-02 | 17.4x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2024-01 | 17.2x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2023-12 | 18.5x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2023-11 | 18.9x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2023-10 | 19.9x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2023-09 | 22.4x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2023-08 | 20.2x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2023-07 | 19.3x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2023-06 | 17.2x | ₹365 cr | 24.0% | 37.0% | 0.0x |
| 2023-05 | 23.1x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2023-04 | 24.5x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2023-03 | 20.2x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2023-02 | 19.6x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2023-01 | 19.6x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2022-12 | 19.4x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2022-11 | 20.2x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2022-10 | 16.3x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2022-09 | 16.2x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2022-08 | 14.4x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2022-07 | 12.2x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2022-06 | 11.7x | ₹257 cr | 23.8% | 36.0% | 0.0x |
| 2022-05 | 19.3x | ₹191 cr | 18.8% | — | 0.0x |
| 2022-04 | 20.7x | ₹191 cr | 18.8% | — | 0.0x |
| 2022-03 | 19.7x | ₹191 cr | 18.8% | — | 0.0x |
| 2022-02 | 20.5x | ₹191 cr | 18.8% | — | 0.0x |
| 2022-01 | 23.8x | ₹191 cr | 18.8% | — | 0.0x |
| 2021-12 | 23.5x | ₹191 cr | 18.8% | — | 0.0x |
| 2021-11 | 21.8x | ₹191 cr | 18.8% | — | 0.0x |
| 2021-10 | 24.3x | ₹191 cr | 18.8% | — | 0.0x |
| 2021-09 | 25.6x | ₹191 cr | 18.8% | — | 0.0x |
| 2021-08 | 25.7x | ₹191 cr | 18.8% | — | 0.0x |
| 2021-07 | 26.9x | ₹191 cr | 18.8% | — | 0.0x |
| 2021-06 | 27.7x | ₹191 cr | 18.8% | — | 0.0x |