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BANK OF MAHARASHTRA (MAHABANK)

Finance · Major Banks · figures to Nov '26

Profitability #16Overall #19
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.93 / 100
Profitability 98Growth 88
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.75 / 100
Price 84Earnings 67

Passes these screensValue PickHigh Momentum

Compare withHDFC BANKKOTAK MAHINDRA BANKAXIS BANK

Share price

Closing priceAdjusted for splits and bonus issues.

₹87.68 latest close · −1.0% over the last 90 sessions

₹75₹80₹85Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹75₹80₹85Jul 3Sep 4Nov 9

₹87.68 month-end · +49.7% over 12 months

₹60₹70₹80₹90Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹60₹70₹80₹90Nov '25May '26Nov '26

₹87.68 month-end · +99.3% over 3 years

₹40₹60₹80Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹40₹60₹80Nov '23May '25Nov '26

₹87.68 month-end · +502.6% since Jan '19

₹25₹50₹75Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹25₹50₹75Jan '19Dec '22Nov '26

52-week range ₹55.51 to ₹94.50 · 1-year volatility 36.5%

Was the rally earned?

+50%share price, 1 yearEarnings and multiple

Both mattered.

  • Per-share earnings added 31 points and the multiple added 19 points (P/E 7.7x to 8.9x).
  • The share count rose 2%.
Net profit growth: +33 pts. Points of the price return explained by net profit growing (or shrinking).+33 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: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: +50%+50%Share priceNet profit growth: +33 pts. Points of the price return explained by net profit growing (or shrinking).+33ProfitP/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: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +50%+50%Share price
Net profit growth+33 ptsNet profit rose about 31%, which lifts the price.
P/E change+19 ptsThe P/E rose from 7.7x to 8.9x, which lifts the price.
Share count change-2 ptsShare count rose 2%, which lowers the price.
+99%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 134 points, but investors now pay less per rupee of profit (P/E 11.4x to 8.9x), which took 34 points back.
  • The share count rose 14%.
Net profit growth: +153 pts. Points of the price return explained by net profit growing (or shrinking).+153 ptsNet profit growthP/E change: −34 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−34 ptsP/E changeShare count change: −19 pts. Points of the price return explained by the share count changing. More shares count against the price.−19 ptsShare count changeShare price: +99%+99%Share priceNet profit growth: +153 pts. Points of the price return explained by net profit growing (or shrinking).+153ProfitP/E change: −34 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−34P/EShare count change: −19 pts. Points of the price return explained by the share count changing. More shares count against the price.−19SharesShare price: +99%+99%Share price
Net profit growth+153 ptsNet profit rose about 189%, which lifts the price.
P/E change-34 ptsThe P/E fell from 11.4x to 8.9x, which lowers the price.
Share count change-19 ptsShare count rose 14%, which lowers the price.
+357%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 569 points, but investors now pay less per rupee of profit (P/E 22.1x to 8.9x), which took 212 points back.
  • The share count rose 17%.
Net profit growth: +606 pts. Points of the price return explained by net profit growing (or shrinking).+606 ptsNet profit growthP/E change: −212 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−212 ptsP/E changeShare count change: −37 pts. Points of the price return explained by the share count changing. More shares count against the price.−37 ptsShare count changeShare price: +357%+357%Share priceNet profit growth: +606 pts. Points of the price return explained by net profit growing (or shrinking).+606ProfitP/E change: −212 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−212P/EShare count change: −37 pts. Points of the price return explained by the share count changing. More shares count against the price.−37SharesShare price: +357%+357%Share price
Net profit growth+606 ptsNet profit rose about 1219%, which lifts the price.
P/E change-212 ptsThe P/E fell from 22.1x to 8.9x, which lowers the price.
Share count change-37 ptsShare count rose 17%, 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 HDFC BANK

How rough has the ride been?

Maximum drawdown-56.2%recovered 2021-02
1-year volatility36.5%annualised
Beta vs sector index1.393-year daily, correlation 0.67
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−55.5% 0%−20%−40%2020202220242026−55.5%
Largest drawdowns

-56.2% (2019-04 peak to 2020-03 low, recovered 2021-02)

-47.8% (2021-06 peak to 2022-06 low, recovered 2022-12)

-39.8% (2024-06 peak to 2025-04 low, recovered 2026-02)

Most recent volume spikes

2026-08-26: 5.1x the 50-day median, price +4.8% 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?

2.0xP/B todayNear its historic high
Against its own history85th percentile
CheapestMedian 1.3xDearest

Usual range 0.5x to 2.1x since 2019-01.

Against Finance2.0x vs 1.5x
This company
2.0x
Sector median
1.5x

34% above the Finance median.

0.3x1.2x2.1x3.0xJan '19Aug '20Mar '22Oct '23May '25Nov '260.3x1.2x2.1x3.0xJan '19Sep '21May '24Nov '26
P/B (this company)10th to 90th percentile of its own historyIts medianFinance median

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

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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/B 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 (banks and 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

  • ROE (approx.)98thflat vs a year ago
  • EPS growth78th▲ 6 pts vs a year ago
  • P/B ↓37th▼ 21 pts vs a year ago
  • 12M momentum94th▲ 46 pts vs a year ago
  • FII + DII43rd▲ 10 pts vs a year ago

Rank history

ROE (approx.)
EPS growth
P/B ↓
12M momentum
FII + DII
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?

~4%annual earnings growth implied by the priceBelow delivered growth

At P/E of 8.9x, a holder earning 12%/yr needs earnings to grow about 4.2%/yr for 10 years, then trade at 15x.

Delivered61.2%/yrEPS, last 7 fiscal years · 3-yr avg to 3-yr avg
Gap−55.8 ptsimplied minus delivered
Rank63rdmost demanding of 63 financials

Over time

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

0%36%73% Jun 2020Nov 2026 0%36%73% Jun 2020Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x5.4%6.3%7.3%
15x3.3%4.2%5.1%
20x0.6%1.5%2.4%

Drag a slider to test other assumptions

Implied: 4.2%/yr

Looking back

  • Jan 2021Price implied 16%/yr; EPS has since grown 54%/yr (6.0 yrs)
  • Jan 2022Price implied 18%/yr; EPS has since grown 60%/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
₹87.68
P/E
8.9x
Market Cap
₹67406 cr
Revenue (TTM)
₹30262 cr
P/S
2.2x
P/B
2.0x
ROE
23.0%
Debt / Equity
1.1x
Promoter Holding
73.6%
12M Momentum
49.7%

52-week range

₹55.51₹94.50
83% of the way from its 52-week low to its high

Price risk

1Y volatility
36.5%
Beta vs sector
1-year daily
1.28

Balance sheet & cash

Share count, 1Y
unchanged

Are profits backed by cash?

0 of 1checks within range1 near a threshold
Tax rate6%Near threshold

Median quarterly effective tax rate over about 2.5 years: 6.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Tap a check to see how it is measured

Cash conversion and receivable days are not meaningful for banks and NBFCs, so only the other-income and tax-rate checks are shown.

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, promoters trimmed 12.9 pts; DIIs added 9.6 pts; FIIs added 5.4 pts.
  • The number of shareholders rose from 6.8 lakh to 8.8 lakh (+29%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters86.5%73.6%-12.9 pts
FIIs0.5%5.8%+5.4 pts
DIIs4.7%14.3%+9.6 pts
Public and others8.4%6.3%-2.0 pts

Number of shareholders

8.8 lakhshareholders+29% since Dec '23
6.8L7.9L9.0L10.1L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 6.8 lakh
Mar '24: 8.5 lakh
Jun '24: 9.2 lakh
Sep '24: 9.5 lakh
Dec '24: 10.0 lakh
Mar '25: 10.1 lakh
Jun '25: 9.9 lakh
Sep '25: 9.7 lakh
Dec '25: 9.5 lakh
Mar '26: 9.0 lakh
Jun '26: 8.8 lakh
 6.8L7.9L9.0L10.1L Dec '23Dec '24Dec '25Jun '26
Dec '23: 6.8 lakh
Mar '24: 8.5 lakh
Jun '24: 9.2 lakh
Sep '24: 9.5 lakh
Dec '24: 10.0 lakh
Mar '25: 10.1 lakh
Jun '25: 9.9 lakh
Sep '25: 9.7 lakh
Dec '25: 9.5 lakh
Mar '26: 9.0 lakh
Jun '26: 8.8 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

−15.0%typical 12-month return vs the marketBelow the base rate
  • We found 39 past situations where a bank, NBFC or insurer looked like BANK OF MAHARASHTRA today on valuation, return on capital, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −30% to +3% vs the market, against −5% for all financial companies in the same months.
  • The analogs' median sat below that base rate (gap −9.9%, 80% range −19.6% to −1.4%), but the matches cluster in only 6 distinct 12-month windows.

Where the 39 outcomes landed

−100%−50%0%+50%+100%
CREDITACC · Nov 2023: −58.9% vs market
REPCOHOME · Mar 2021: −57.6% vs market
IIFL · Mar 2023: −53.1% vs market
UJJIVANSFB · Nov 2023: −51.5% vs market
MASFIN · Oct 2020: −43.0% vs market
RECLTD · Aug 2024: −38.8% vs market
CSBBANK · Nov 2023: −38.7% vs market
LTF · Jan 2020: −33.7% vs market
MANAPPURAM · Aug 2020: −31.9% vs market
PFC · Mar 2020: −31.2% vs market
M&MFIN · Feb 2020: −28.5% vs market
LICHSGFIN · Jan 2021: −28.5% vs market
APTUS · Aug 2025: −27.2% vs market
SUNDARMFIN · Jul 2021: −27.0% vs market
BANDHANBNK · May 2022: −24.7% vs market
SHRIRAMFIN · May 2021: −23.9% vs market
CHOLAHLDNG · Jul 2025: −22.9% vs market
IDBI · Oct 2025: −18.2% vs market
INDUSINDBK · May 2021: −15.0% vs market
AADHARHFC · Sep 2025: −15.0% vs market
HUDCO · Jul 2020: −14.3% vs market
CANFINHOME · Nov 2020: −13.2% vs market
PNBHOUSING · Jun 2025: −6.6% vs market
CANBK · Oct 2025: −6.3% vs market
EQUITASBNK · Dec 2021: −5.4% vs market
AXISBANK · Oct 2022: −1.3% vs market
KOTAKBANK · Aug 2025: −0.7% vs market
AIIL · Jun 2025: −0.5% vs market
PNB · Sep 2025: +2.5% vs market
BANKBARODA · Jun 2023: +2.9% vs market
INDIANB · Oct 2025: +8.8% vs market
MUTHOOTFIN · Jan 2020: +21.8% vs market
CHOLAFIN · Feb 2020: +24.4% vs market
SBIN · Jan 2025: +31.4% vs market
UNIONBANK · Oct 2025: +36.1% vs market
CUB · Sep 2025: +40.2% vs market
FEDERALBNK · Mar 2022: +43.1% vs market
KARURVYSYA · Sep 2025: +53.1% vs market
IRFC · Aug 2023: +141.6% vs market
Similar setups −15.0%All companies −5.1%← 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
−15.0%
All companies' median
−5.1%
Beat the market
28% vs 44%

39 past situations · 39 companies · 26 months · 2020–2025

The closest matches

CompanyWhenP/EP/B12M mom.DrawdownNext 12 months
MANAPPURAM
Finance		 Aug 2020 9x2.3x +25%−23% −32%
MUTHOOTFIN
Finance		 Jan 2020 15x3.1x +53%−3% +22%
UJJIVANSFB
Finance		 Nov 2023 10x2.8x +100%−5% −52%
KARURVYSYA
Finance		 Sep 2025 10x1.7x +18%−8% +53%
IIFL
Finance		 Mar 2023 17x2.9x +71%−6% −53%
Show the other 3 matches
CompanyWhenP/EP/B12M mom.DrawdownNext 12 months
CHOLAHLDNG
Finance		 Jul 2025 16x2.7x +24%−13% −23%
RECLTD
Finance		 Aug 2024 12x2.4x +160%−4% −39%
PFC
Finance		 Mar 2020 2x0.5x −25%−33% −31%
How reliable is this?

Matched on P/E, P/B, ROE, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, P/B and revenue growth. 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 BANK OF MAHARASHTRA. 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.

MUTHOOT FINANCEMUTHOOTFIN
Finance
78%similar
ROEpromoter holding
HOUSING URBAN DEV CO LTD HUDCOHUDCO
Finance
74%similar
EPS growthROE
INDIAN BANKINDIANB
Finance
66%similar
promoter holdingEPS growth

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

What changed?

30 events since Nov '22

  1. SepPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
  2. AugPriceVolume reached 5.1x its 50-day median on 2026-08-26; price +4.8% that day.
  3. JunDebtDebt / equity rose above 1.0x (1.06x).
  4. AprValuationP/B crossed above the 90th percentile of its own history to date (2.1x).
  5. AprPriceVolume reached 8.4x its 50-day median on 2026-04-21; price +6.1% that day.
  6. MarPromoterPromoter holding fell 6.0 pts to 73.6% (largest drop since 2025-03).
  7. MarInstitutionsFII + DII holding rose 6.1 pts over 2 quarters to 18.4%.
  8. FebPriceRegained the 2024-06 peak, 10 months after the low.
Show 22 earlier events
  1. OctPriceVolume reached 14.5x its 50-day median on 2025-10-15; price +7.6% that day.
  2. SepPeer rankSlipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
  3. SepPriceVolume reached 6.2x its 50-day median on 2025-09-17; price +4.1% that day.
  4. JulSharesShare count is up 8.6% over 12 months.
  5. JunPriceVolume reached 7.5x its 50-day median on 2025-06-02; price +6.5% that day.
  6. AprPriceFell 40% from the Jun 2024 peak to the Apr 2025 low.
  7. MarPromoterPromoter holding fell 6.9 pts to 79.6%.
  8. MarInstitutionsFII + DII holding rose 6.7 pts over 1 quarter to 12.4%.
  9. JanPriceVolume reached 5.3x its 50-day median on 2025-01-14; price +13.2% that day.
  10. JulPriceVolume reached 6.3x its 50-day median on 2024-07-15; price +5.6% that day.
  11. JunResultsRevenue (TTM) reached a new high of ₹20,495 cr.
  12. JunSharesShare count is up 5.2% over 12 months.
  13. JanPriceVolume reached 6.4x its 50-day median on 2024-01-16; price -0.8% that day.
  14. AugPriceRegained the 2022-12 peak, 5 months after the low.
  15. JulPriceVolume reached 12.5x its 50-day median on 2023-07-19; price +5.7% that day.
  16. JunResultsRevenue (TTM) reached a new high of ₹15,899 cr.
  17. JunPeer rankMoved into the top quartile of Finance on ROE (from the 3rd quartile).
  18. AprValuationP/B crossed above the 90th percentile of its own history to date (1.4x).
  19. AprPriceVolume reached 5.5x its 50-day median on 2023-04-24; price +8.1% that day.
  20. MarPriceFell 33% from the Dec 2022 peak to the Mar 2023 low.
  21. DecPriceRegained the 2021-06 peak, 6 months after the low.
  22. NovValuationP/B crossed above the 90th percentile of its own history to date (1.3x).

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)ROEDebt / Equity
2026-118.9x₹30262 cr23.0%1.1x
2026-108.3x₹30262 cr23.0%1.1x
2026-098.1x₹30262 cr23.0%1.1x
2026-089.0x₹29281 cr23.0%1.1x
2026-078.7x₹29281 cr23.0%1.1x
2026-0610.0x₹29281 cr23.0%1.1x
2026-059.4x₹28257 cr23.0%0.8x
2026-049.3x₹28257 cr23.0%0.8x
2026-037.3x₹28257 cr23.0%0.8x
2026-029.4x₹27238 cr23.0%0.8x
2026-018.2x₹27238 cr23.0%0.8x
2025-127.8x₹27238 cr23.0%0.8x
2025-117.7x₹26127 cr23.0%0.8x
2025-107.7x₹26127 cr23.0%0.8x
2025-097.3x₹26127 cr23.0%0.8x
2025-086.9x₹24948 cr23.0%0.8x
2025-077.5x₹24948 cr23.0%0.8x
2025-067.6x₹24948 cr23.0%0.8x
2025-057.4x₹23684 cr23.0%0.4x
2025-046.9x₹23684 cr23.0%0.4x
2025-036.4x₹23684 cr23.0%0.4x
2025-026.7x₹22531 cr23.0%0.4x
2025-017.4x₹22531 cr23.0%0.4x
2024-127.5x₹22531 cr23.0%0.4x
2024-119.0x₹21582 cr23.0%0.4x
2024-108.7x₹21582 cr23.0%0.4x
2024-099.5x₹21582 cr23.0%0.4x
2024-0810.9x₹20495 cr23.0%0.4x
2024-0711.6x₹20495 cr23.0%0.4x
2024-0611.3x₹20495 cr23.0%0.4x
2024-0517.8x₹15899 cr17.0%0.7x
2024-0418.1x₹15899 cr17.0%0.7x
2024-0316.1x₹15899 cr17.0%0.7x
2024-0215.4x₹15899 cr17.0%0.7x
2024-0114.3x₹15899 cr17.0%0.7x
2023-1211.7x₹15899 cr17.0%0.7x
2023-1111.4x₹15899 cr17.0%0.7x
2023-1010.8x₹15899 cr17.0%0.7x
2023-0912.3x₹15899 cr17.0%0.7x
2023-0810.0x₹15899 cr17.0%0.7x
2023-078.7x₹15899 cr17.0%0.7x
2023-067.5x₹15899 cr17.0%0.7x
2023-0517.7x₹13019 cr9.0%0.6x
2023-0417.7x₹13019 cr9.0%0.6x
2023-0314.5x₹13019 cr9.0%0.6x
2023-0214.9x₹13019 cr9.0%0.6x
2023-0117.8x₹13019 cr9.0%0.6x
2022-1217.9x₹13019 cr9.0%0.6x
2022-1115.5x₹13019 cr9.0%0.6x
2022-1011.9x₹13019 cr9.0%0.6x
2022-0910.4x₹13019 cr9.0%0.6x
2022-0810.6x₹13019 cr9.0%0.6x
2022-079.9x₹13019 cr9.0%0.6x
2022-069.1x₹13019 cr9.0%0.6x
2022-0520.3x₹11869 cr5.0%0.3x
2022-0420.6x₹11869 cr5.0%0.3x
2022-0319.2x₹11869 cr5.0%0.3x
2022-0220.5x₹11869 cr5.0%0.3x
2022-0124.1x₹11869 cr5.0%0.3x
2021-1222.1x₹11869 cr5.0%0.3x
2021-1122.1x₹11869 cr5.0%0.3x
2021-1023.9x₹11869 cr5.0%0.3x
2021-0923.0x₹11869 cr5.0%0.3x
2021-0820.7x₹11869 cr5.0%0.3x
2021-0725.2x₹11869 cr5.0%0.3x
2021-0629.2x₹11869 cr5.0%0.3x
2021-0535.7x₹11496 cr5.0%0.3x
2021-0435.4x₹11496 cr5.0%0.3x
2021-0330.6x₹11496 cr5.0%0.3x
2021-0235.4x₹11496 cr5.0%0.3x
2021-0122.0x₹11496 cr5.0%0.3x
2020-1219.2x₹11496 cr5.0%0.3x
2020-1117.9x₹11496 cr5.0%0.3x
2020-1016.3x₹11496 cr5.0%0.3x
2020-0916.4x₹11496 cr5.0%0.3x
2020-0819.9x₹11496 cr5.0%0.3x
2020-0717.9x₹11496 cr5.0%0.3x
2020-0616.2x₹11496 cr5.0%0.3x
2020-05—₹10850 cr-60.0%1.7x
2020-04—₹10850 cr-60.0%1.7x
2020-03—₹10850 cr-60.0%1.7x
2020-02—₹10850 cr-60.0%1.7x
2020-01—₹10850 cr-60.0%1.7x
2019-12—₹10850 cr-60.0%1.7x
2019-11—₹10850 cr-60.0%1.7x
2019-10—₹10850 cr-60.0%1.7x
2019-09—₹10850 cr-60.0%1.7x
2019-08—₹10850 cr-60.0%1.7x
2019-07—₹10850 cr-60.0%1.7x
2019-06—₹10850 cr-60.0%1.7x
2019-05—₹11096 cr-13.0%0.4x
2019-04—₹11096 cr-13.0%0.4x
2019-03—₹11096 cr-13.0%0.4x
2019-02—₹11096 cr-13.0%0.4x
2019-01—₹11096 cr-13.0%0.4x

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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