अApnaFunda

MAS FINANCIAL SERVICES LIMITED (MASFIN)

Finance · Finance/Rental/Leasing · 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.65 / 100
Profitability 65Growth 64
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.53 / 100
Price 33Earnings 61FII/DII 65

Share price

Closing priceAdjusted for splits and bonus issues.

₹263.93 latest close · −18.0% over the last 90 sessions

₹250₹300Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹250₹300Jul 3Sep 4Nov 9

₹263.93 month-end · −14.5% over 12 months

₹250₹300Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹250₹300Nov '25May '26Nov '26

₹263.93 month-end · −6.1% over 3 years

₹250₹300₹350Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹250₹300₹350Nov '23May '25Nov '26

₹263.93 month-end · +49.8% since Jan '19

₹200₹300Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹200₹300Jan '19Dec '22Nov '26

52-week range ₹238.40 to ₹358.85 · 1-year volatility 30.6%

Was the rally earned?

-15%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 18 points, but investors now pay less per rupee of profit (P/E 17.3x to 12.2x), which took 33 points back.
  • The share count barely moved.
Net profit growth: +17 pts. Points of the price return explained by net profit growing (or shrinking).+17 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 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: −14%−14%Share priceNet profit growth: +17 pts. Points of the price return explained by net profit growing (or shrinking).+17ProfitP/E change: −33 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−33P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −14%−14%Share price
Net profit growth+17 ptsNet profit rose about 20%, which lifts the price.
P/E change-33 ptsThe P/E fell from 17.3x to 12.2x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
-6%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 54 points, but investors now pay less per rupee of profit (P/E 22.7x to 12.2x), which took 60 points back.
  • The share count rose 9%.
Net profit growth: +63 pts. Points of the price return explained by net profit growing (or shrinking).+63 ptsNet profit growthP/E change: −60 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−60 ptsP/E changeShare count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8 ptsShare count changeShare price: −6%−6%Share priceNet profit growth: +63 pts. Points of the price return explained by net profit growing (or shrinking).+63ProfitP/E change: −60 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−60P/EShare count change: −8 pts. Points of the price return explained by the share count changing. More shares count against the price.−8SharesShare price: −6%−6%Share price
Net profit growth+63 ptsNet profit rose about 91%, which lifts the price.
P/E change-60 ptsThe P/E fell from 22.7x to 12.2x, which lowers the price.
Share count change-8 ptsShare count rose 9%, which lowers the price.
+15%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 97 points, but investors now pay less per rupee of profit (P/E 26.0x to 12.2x), which took 82 points back.
  • The share count rose 9%.
Net profit growth: +107 pts. Points of the price return explained by net profit growing (or shrinking).+107 ptsNet profit growthP/E change: −82 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−82 ptsP/E changeShare count change: −9 pts. Points of the price return explained by the share count changing. More shares count against the price.−9 ptsShare count changeShare price: +15%+15%Share priceNet profit growth: +107 pts. Points of the price return explained by net profit growing (or shrinking).+107ProfitP/E change: −82 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−82P/EShare count change: −9 pts. Points of the price return explained by the share count changing. More shares count against the price.−9SharesShare price: +15%+15%Share price
Net profit growth+107 ptsNet profit rose about 170%, which lifts the price.
P/E change-82 ptsThe P/E fell from 26.0x to 12.2x, which lowers the price.
Share count change-9 ptsShare count rose 9%, 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 BAJAJ FINANCE

How rough has the ride been?

Maximum drawdown-62.0%not yet recovered
1-year volatility30.6%annualised
Beta vs sector index0.713-year daily, correlation 0.44
Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−60.0% 0%−20%−40%−60%2020202220242026−60.0%
Largest drawdowns

-62.0% (2020-02 peak to 2020-03 low, not yet recovered)

Most recent volume spikes

2026-10-07: 6.8x the 50-day median, price +1.3% that day

2026-08-31: 17x the 50-day median, price +3.4% that day

2026-08-28: 5.2x the 50-day median, price -0.4% 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?

1.6xP/B todayNear its historic low
Against its own history2nd percentile
CheapestMedian 3.1xDearest

Usual range 2.2x to 4.6x since 2019-01.

Against Finance1.6x vs 1.5x
This company
1.6x
Sector median
1.5x

6% above the Finance median.

0.6x2.5x4.4x6.3xJan '19Aug '20Mar '22Oct '23May '25Nov '260.6x2.5x4.4x6.3xJan '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.)65thflat vs a year ago
  • EPS growth68th▲ 11 pts vs a year ago
  • P/B ↓48th▲ 5 pts vs a year ago
  • 12M momentum39th▼ 21 pts vs a year ago
  • FII + DII54thflat 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?

~9%annual earnings growth implied by the priceBelow delivered growth

At P/E of 12.2x, a holder earning 12%/yr needs earnings to grow about 8.9%/yr for 10 years, then trade at 15x.

Delivered14.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−5.2 ptsimplied minus delivered
Rank31stmost demanding of 63 financials

Over time

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

0%13%25% Jan 2019Nov 2026 0%13%25% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x10.2%11.2%12.2%
15x7.9%8.9%9.8%
20x4.9%5.9%6.8%

Drag a slider to test other assumptions

Implied: 8.9%/yr

Looking back

  • Jan 2020Price implied 21%/yr; EPS has since grown 12%/yr (7.0 yrs)
  • Jan 2021Price implied 18%/yr; EPS has since grown 12%/yr (6.0 yrs)
  • Jan 2022Price implied 15%/yr; EPS has since grown 18%/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
₹263.93
P/E
12.2x
Market Cap
₹4782 cr
Revenue (TTM)
₹2091 cr
P/S
2.3x
P/B
1.6x
ROE
13.0%
Debt / Equity
3.5x
Promoter Holding
66.7%
12M Momentum
-14.5%

52-week range

₹238.40₹358.85
21% of the way from its 52-week low to its high

Price risk

1Y volatility
30.6%
Beta vs sector
1-year daily
0.95

Balance sheet & cash

Share count, 1Y
unchanged

Are profits backed by cash?

1 of 1checks within rangeAll clear
Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. 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, DIIs added 11.2 pts; promoters trimmed 7.1 pts; FIIs added 2.1 pts.
  • The number of shareholders rose from 31,514 to 39,685 (+26%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters73.7%66.7%-7.1 pts
FIIs1.6%3.7%+2.1 pts
DIIs8.4%19.7%+11.3 pts
Public and others16.2%10.0%-6.2 pts

Number of shareholders

39,685shareholders+26% since Dec '23
32k38k45k51k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 31,514
Mar '24: 44,544
Jun '24: 45,415
Sep '24: 50,510
Dec '24: 51,148
Mar '25: 49,599
Jun '25: 46,496
Sep '25: 43,237
Dec '25: 42,016
Mar '26: 40,107
Jun '26: 39,685
32k38k45k51k Dec '23Dec '24Dec '25Jun '26
Dec '23: 31,514
Mar '24: 44,544
Jun '24: 45,415
Sep '24: 50,510
Dec '24: 51,148
Mar '25: 49,599
Jun '25: 46,496
Sep '25: 43,237
Dec '25: 42,016
Mar '26: 40,107
Jun '26: 39,685

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

+2.1%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a bank, NBFC or insurer looked like MAS FINANCIAL SERVICES LIMITED today on valuation, return on capital, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −25% to +22% vs the market, against −3% for all financial companies in the same months.
  • The gap against the base rate (+5.0%, 80% range −0.7% to +10.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SATIN · Jan 2020: −74.0% vs market
FUSION · Feb 2024: −70.3% vs market
UJJIVANSFB · Dec 2020: −64.9% vs market
UTKARSHBNK · Aug 2024: −53.9% vs market
RBLBANK · May 2021: −51.5% vs market
DCBBANK · Mar 2020: −39.8% vs market
SPANDANA · Apr 2021: −37.5% vs market
MUTHOOTCAP · Sep 2020: −37.3% vs market
LTF · Jan 2020: −33.7% vs market
IDFCFIRSTB · Mar 2024: −29.7% vs market
CSBBANK · Nov 2021: −27.8% vs market
CSLFINANCE · Jun 2024: −27.0% vs market
REPCOHOME · Nov 2021: −25.0% vs market
SRGHFL · Aug 2025: −23.2% vs market
SURYODAY · Sep 2024: −19.0% vs market
CANFINHOME · Nov 2023: −18.4% vs market
INDUSINDBK · Feb 2025: −18.1% vs market
INDOSTAR · Feb 2020: −10.5% vs market
SUNDARMFIN · Oct 2021: −5.2% vs market
MUTHOOTMF · Dec 2024: −4.3% vs market
FEDERALBNK · Jun 2023: −4.1% vs market
BANDHANBNK · Jul 2025: −1.7% vs market
LICHSGFIN · Feb 2020: −0.8% vs market
CAPITALSFB · Oct 2025: +1.5% vs market
JSFB · Aug 2025: +1.7% vs market
CREDITACC · Mar 2021: +2.5% vs market
PNBHOUSING · Nov 2020: +3.1% vs market
NORTHARC · Sep 2025: +5.2% vs market
APTUS · May 2024: +8.1% vs market
MANBA · Oct 2025: +8.5% vs market
AAVAS · May 2024: +9.8% vs market
CUB · Aug 2021: +10.7% vs market
AADHARHFC · Jun 2025: +13.2% vs market
KARURVYSYA · Feb 2024: +14.2% vs market
INDIASHLTR · Jan 2025: +14.4% vs market
M&MFIN · Sep 2025: +20.0% vs market
IDBI · Jun 2024: +20.6% vs market
HUDCO · Mar 2020: +22.0% vs market
MANAPPURAM · Jul 2024: +25.6% vs market
POONAWALLA · Sep 2024: +36.7% vs market
CHOLAHLDNG · Jun 2020: +37.2% vs market
SHRIRAMFIN · Jan 2023: +37.9% vs market
EQUITASBNK · Mar 2022: +38.3% vs market
HOMEFIRST · May 2024: +48.3% vs market
FEDFINA · May 2025: +61.1% vs market
MAHABANK · Jul 2022: +74.1% vs market
IIFL · Mar 2022: +80.0% vs market
PSB · Jul 2022: +91.0% vs market
UCOBANK · Jul 2022: +117.9% vs market
PAISALO · May 2020: +131.6% vs market
Similar setups +2.1%All companies −2.9%← 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
+2.1%
All companies' median
−2.9%
Beat the market
54% vs 47%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EP/B12M mom.DrawdownNext 12 months
EQUITASBNK
Finance
Mar 2022 15x1.7x −15%−27% +38%
MAHABANK
Finance
Jul 2022 10x0.8x −23%−23% +74%
CSBBANK
Finance
Nov 2021 22x2.2x +10%−23% −28%
FEDFINA
Finance
May 2025 17x1.6x −18%−24% +61%
DCBBANK
Finance
Mar 2020 9x0.9x −54%−61% −40%
Show the other 3 matches
CompanyWhenP/EP/B12M mom.DrawdownNext 12 months
CHOLAHLDNG
Finance
Jun 2020 10x1.1x −37%−47% +37%
SHRIRAMFIN
Finance
Jan 2023 13x1.5x +5%−14% +38%
CANFINHOME
Finance
Nov 2023 17x2.9x +41%−12% −18%
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: 12-month momentum, drawdown from 12-month high 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 MAS FINANCIAL SERVICES 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.

Finance
63%similar
P/Bvolatility
Finance
55%similar
EPS growthmarket cap
Finance
54%similar
ROEmarket cap

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

What changed?

30 events since Oct '21

  1. OctPriceVolume reached 6.8x its 50-day median on 2026-10-07; price +1.3% that day.
  2. AugPriceVolume reached 17.0x its 50-day median on 2026-08-31; price +3.4% that day.
  3. AprPriceVolume reached 16.2x its 50-day median on 2026-04-30; price +4.3% that day.
  4. MarValuationP/B fell below the 10th percentile of its own history to date (2.0x).
  5. JanPriceVolume reached 9.6x its 50-day median on 2026-01-06; price +5.5% that day.
  6. DecPriceVolume reached 6.3x its 50-day median on 2025-12-08; price -3.0% that day.
  7. JulPriceVolume reached 17.3x its 50-day median on 2025-07-16; price +9.7% that day.
  8. JunValuationP/B fell below the 10th percentile of its own history to date (2.2x).
Show 22 earlier events
  1. JunDividendDividend payout cut from 23% to 10% of profit.
  2. JunSharesShare count is up 10.4% over 12 months.
  3. MayPriceVolume reached 9.4x its 50-day median on 2025-05-07; price +2.1% that day.
  4. JanPriceVolume reached 6.7x its 50-day median on 2025-01-16; price +0.2% that day.
  5. NovValuationP/B fell below the 10th percentile of its own history to date (2.7x).
  6. SepPromoterPromoter holding fell 7.1 pts to 66.6%.
  7. JunResultsRevenue (TTM) reached a new high of ₹1,289 cr.
  8. JunInstitutionsFII + DII holding rose 6.2 pts over 1 quarter to 16.2%.
  9. JunValuationP/B fell below the 10th percentile of its own history to date (2.7x).
  10. AprPriceVolume reached 18.4x its 50-day median on 2024-04-25; price +3.5% that day.
  11. MarPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
  12. JanPriceVolume reached 14.7x its 50-day median on 2024-01-15; price +8.4% that day.
  13. OctPriceVolume reached 5.2x its 50-day median on 2023-10-13; price -0.1% that day.
  14. JulPriceVolume reached 39.2x its 50-day median on 2023-07-27; price +2.8% that day.
  15. JunResultsRevenue (TTM) reached a new high of ₹989 cr.
  16. AprPriceVolume reached 7.2x its 50-day median on 2023-04-18; price -3.1% that day.
  17. MarPriceVolume reached 5.8x its 50-day median on 2023-03-20; price +4.2% that day.
  18. NovPriceVolume reached 39.2x its 50-day median on 2022-11-03; price +13.1% that day.
  19. AugPriceVolume reached 14.7x its 50-day median on 2022-08-23; price +7.4% that day.
  20. JunResultsYear-on-year EPS growth turned positive.
  21. FebPriceVolume reached 178.5x its 50-day median on 2022-02-04; price +16.6% that day.
  22. OctValuationP/B fell below the 10th percentile of its own history to date (3.5x).

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
2026-1112.2x₹2091 cr13.0%3.5x
2026-1011.3x₹2091 cr13.0%3.5x
2026-0913.0x₹2091 cr13.0%3.5x
2026-0814.9x₹1995 cr13.0%3.5x
2026-0715.6x₹1995 cr13.0%3.5x
2026-0615.1x₹1995 cr13.0%3.5x
2026-0516.0x₹1892 cr14.0%3.5x
2026-0417.6x₹1892 cr14.0%3.5x
2026-0314.5x₹1892 cr14.0%3.5x
2026-0217.4x₹1795 cr14.0%3.5x
2026-0117.5x₹1795 cr14.0%3.5x
2025-1217.4x₹1795 cr14.0%3.5x
2025-1117.3x₹1699 cr14.0%3.5x
2025-1017.1x₹1699 cr14.0%3.5x
2025-0916.9x₹1699 cr14.0%3.5x
2025-0818.1x₹1597 cr14.0%3.5x
2025-0718.0x₹1597 cr14.0%3.5x
2025-0618.0x₹1597 cr14.0%3.5x
2025-0517.5x₹1505 cr15.0%4.2x
2025-0415.9x₹1505 cr15.0%4.2x
2025-0314.7x₹1505 cr15.0%4.2x
2025-0214.3x₹1430 cr15.0%4.2x
2025-0115.6x₹1430 cr15.0%4.2x
2024-1216.9x₹1430 cr15.0%4.2x
2024-1117.6x₹1356 cr15.0%4.2x
2024-1018.2x₹1356 cr15.0%4.2x
2024-0918.5x₹1356 cr15.0%4.2x
2024-0819.0x₹1289 cr15.0%4.2x
2024-0718.8x₹1289 cr15.0%4.2x
2024-0619.2x₹1289 cr15.0%4.2x
2024-0523.3x₹989 cr14.0%4.0x
2024-0424.1x₹989 cr14.0%4.0x
2024-0322.9x₹989 cr14.0%4.0x
2024-0227.2x₹989 cr14.0%4.0x
2024-0126.8x₹989 cr14.0%4.0x
2023-1223.4x₹989 cr14.0%4.0x
2023-1122.7x₹989 cr14.0%4.0x
2023-1023.6x₹989 cr14.0%4.0x
2023-0924.3x₹989 cr14.0%4.0x
2023-0822.0x₹989 cr14.0%4.0x
2023-0721.2x₹989 cr14.0%4.0x
2023-0620.9x₹989 cr14.0%4.0x
2023-0525.3x₹690 cr13.0%3.3x
2023-0424.0x₹690 cr13.0%3.3x
2023-0327.5x₹690 cr13.0%3.3x
2023-0228.0x₹690 cr13.0%3.3x
2023-0127.3x₹690 cr13.0%3.3x
2022-1227.8x₹690 cr13.0%3.3x
2022-1129.2x₹690 cr13.0%3.3x
2022-1026.3x₹690 cr13.0%3.3x
2022-0925.4x₹690 cr13.0%3.3x
2022-0825.8x₹690 cr13.0%3.3x
2022-0718.5x₹690 cr13.0%3.3x
2022-0617.0x₹690 cr13.0%3.3x
2022-0520.6x₹627 cr13.0%3.0x
2022-0424.2x₹627 cr13.0%3.0x
2022-0320.3x₹627 cr13.0%3.0x
2022-0221.5x₹627 cr13.0%3.0x
2022-0118.6x₹627 cr13.0%3.0x
2021-1223.9x₹627 cr13.0%3.0x
2021-1126.0x₹627 cr13.0%3.0x
2021-1028.4x₹627 cr13.0%3.0x
2021-0929.5x₹627 cr13.0%3.0x
2021-0829.1x₹627 cr13.0%3.0x
2021-0730.8x₹627 cr13.0%3.0x
2021-0632.5x₹627 cr13.0%3.0x
2021-0530.4x₹710 cr18.0%2.8x
2021-0426.0x₹710 cr18.0%2.8x
2021-0327.9x₹710 cr18.0%2.8x
2021-0228.6x₹710 cr18.0%2.8x
2021-0129.0x₹710 cr18.0%2.8x
2020-1230.3x₹710 cr18.0%2.8x
2020-1134.2x₹710 cr18.0%2.8x
2020-1026.9x₹710 cr18.0%2.8x
2020-0925.9x₹710 cr18.0%2.8x
2020-0826.7x₹710 cr18.0%2.8x
2020-0721.0x₹710 cr18.0%2.8x
2020-0621.6x₹710 cr18.0%2.8x
2020-0520.4x₹605 cr18.0%2.5x
2020-0422.1x₹605 cr18.0%2.5x
2020-0318.7x₹605 cr18.0%2.5x
2020-0237.0x₹605 cr18.0%2.5x
2020-0135.1x₹605 cr18.0%2.5x
2019-1230.9x₹605 cr18.0%2.5x
2019-1125.4x₹605 cr18.0%2.5x
2019-1025.7x₹605 cr18.0%2.5x
2019-0924.6x₹605 cr18.0%2.5x
2019-0820.9x₹605 cr18.0%2.5x
2019-0720.9x₹605 cr18.0%2.5x
2019-0621.7x₹605 cr18.0%2.5x
2019-0527.6x₹477 cr20.0%1.9x
2019-0431.1x₹477 cr20.0%1.9x
2019-0329.3x₹477 cr20.0%1.9x
2019-0228.6x₹477 cr20.0%1.9x
2019-0127.5x₹477 cr20.0%1.9x

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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