Share price
₹136.87 latest close · −12.3% over the last 90 sessions
₹136.87 month-end · −19.5% over 12 months
₹136.87 month-end · +123.1% over 3 years
₹136.87 month-end · +262.1% since Feb '19
52-week range ₹114.94 to ₹246.09 · 1-year volatility 64.7%
Was the rally earned?
Both mattered.
- Per-share earnings added 57 points and the multiple added 66 points (P/E 306.8x to 472.0x).
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 462 points, but investors now pay less per rupee of profit (P/E 1261.7x to 472.0x), which took 200 points back.
- 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.
Not shown for 1 year: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-81.2% (2019-05 peak to 2020-05 low, recovered 2022-09)
-78.2% (2022-11 peak to 2023-03 low, recovered 2024-10)
-58.5% (2024-12 peak to 2026-03 low, not yet recovered)
Is it expensive against its own past and its peers?
Usual range 284.3x to 1567.2x since 2019-02.
2506% above the Finance 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 Finance peers?
Each cell is the company's percentile rank among its Finance peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE15th▲ 5 pts vs a year ago
- Op. margin6thflat vs a year ago
- Revenue growth12th▲ 5 pts vs a year ago
- EPS growth90th▲ 12 pts vs a year ago
- Debt/equity ↓71stflat vs a year ago
- Cash cycle ↓89thflat vs a year ago
- P/E ↓1st
- 12M momentum44thflat 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 Finance sector page Watch it move against Finance in the Observatory
What is the price implying?
At a P/E of 1249.3x, the price would imply about 74.3%/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 Finance The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹136.87
- P/E
- 472.0x
- ROCE
- 0.1%
- Market Cap
- ₹42 cr
- Revenue (TTM)
- ₹0 cr
- P/S
- 130.2x
- P/B
- 0.7x
- ROE
- 0.1%
- Operating Margin
- -100.0%
- Debt / Equity
- 0.0x
- Promoter Holding
- 72.3%
- 12M Momentum
- -19.5%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance0%Within range
Other income as a share of pre-tax profit (trailing twelve months): 0.0%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate0%Beyond threshold
Median quarterly effective tax rate over about 2.5 years: 0.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion-4.64xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -4.64x (cash from operations ₹-0.5 cr, net profit ₹0.1 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow1 of 5 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history0 daysWithin range
Debtor days are below the median of the previous three fiscal years by 0 days (0 vs 0). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress—Not enough data
Not enough reported data to compute this.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
What happened next to similar setups
- We found 37 past situations where a non-financial company looked like MASK INVESTMENTS 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 −25% to +1% vs the market, against −4% for all non-financial companies in the same months.
- The analogs' median sat below that base rate (gap −7.1%, 80% range −15.1% to −2.2%), but the matches cluster in only 5 distinct 12-month windows.
Where the 37 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 · 2 beyond the range shown, drawn at the edge
37 past situations · 37 companies · 22 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| UMESLTD Producer Manufacturing |
Dec 2023 | 310x | 2% | +32% | −19% | −6% |
| TEXINFRA Utilities |
Apr 2024 | 411x | 1% | +68% | −23% | −4% |
| MAHAPEXLTD Finance |
Mar 2023 | 98x | 0% | −7% | −38% | +1% |
| PVP Technology Services |
May 2025 | 295x | -2% | −4% | −38% | +8% |
| FCSSOFT Commercial Services |
Nov 2023 | 295x | 1% | +4% | −12% | −11% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and ROCE. Not used (unavailable for this company): interest cover. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
30 events since May '19
- SepPeer rankSlipped to the bottom quartile of Finance on operating margin (from the top quartile).
- JunPeer rankMoved into the top quartile of Finance on operating margin (from the 2nd quartile).
- MarResultsEPS (TTM) turned positive.
- MarPriceFell 58% from the Dec 2024 peak to the Mar 2026 low.
- MarValuationP/E crossed above the 90th percentile of its own history to date (4045.3x).
- MarPeer rankMoved into the 2nd quartile of Finance on operating margin (from the bottom quartile).
- SepResultsEPS (TTM) turned negative.
- SepPeer rankSlipped to the bottom quartile of Finance on operating margin (from the 2nd quartile).
Show 22 earlier events
- JulResultsYear-on-year EPS growth turned positive.
- JunResultsEPS (TTM) turned positive.
- JunValuationP/E crossed above the 90th percentile of its own history to date (1600.0x).
- JunPeer rankMoved into the top quartile of Finance on EPS growth (from the bottom quartile).
- MarResultsEPS (TTM) turned negative.
- MarPeer rankMoved into the 2nd quartile of Finance on operating margin (from the bottom quartile).
- DecPeer rankMoved into the 3rd quartile of Finance on EPS growth (from the bottom quartile).
- OctPriceRegained the 2022-11 peak, 19 months after the low.
- OctValuationP/E crossed above the 90th percentile of its own history to date (1991.2x).
- JunResultsRevenue (TTM) reached a new high of ₹1 cr.
- JunResultsEPS (TTM) turned positive.
- MarPriceFell 78% from the Nov 2022 peak to the Mar 2023 low.
- NovPriceRegained the 2022-10 peak, 1 month after the low.
- OctPriceFell 30% from the Oct 2022 peak to the Oct 2022 low.
- SepPriceRegained the 2019-05 peak, 28 months after the low.
- JunResultsEPS (TTM) turned negative.
- JunResultsEPS (TTM) turned positive.
- SepPeer rankSlipped to the bottom quartile of Finance on ROCE (from the 3rd quartile).
- JulPeer rankMoved into the 3rd quartile of Finance on ROCE (from the bottom quartile).
- JunResultsEPS (TTM) turned negative.
- MayPriceFell 81% from the May 2019 peak to the May 2020 low.
- MayPriceRegained the 2019-02 peak, 2 months after the low.
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 history94 months · 2019-02 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 472.0x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2026-10 | 464.7x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2026-09 | 520.5x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2026-08 | 661.9x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2026-07 | 652.2x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2026-06 | 649.3x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2026-05 | 5068.3x | ₹0 cr | 0.0% | 0.0% | 0.0x |
| 2026-04 | 5195.7x | ₹0 cr | 0.0% | 0.0% | 0.0x |
| 2026-03 | 4045.3x | ₹0 cr | 0.0% | 0.0% | 0.0x |
| 2026-02 | — | ₹0 cr | -0.0% | 0.0% | 0.0x |
| 2026-01 | — | ₹0 cr | -0.0% | 0.0% | 0.0x |
| 2025-12 | — | ₹0 cr | -0.0% | 0.0% | 0.0x |
| 2025-11 | — | ₹0 cr | 0.0% | 0.0% | 0.0x |
| 2025-10 | — | ₹0 cr | 0.0% | 0.0% | 0.0x |
| 2025-09 | — | ₹0 cr | 0.0% | 0.0% | 0.0x |
| 2025-08 | 1559.0x | ₹0 cr | 0.0% | 0.0% | 0.0x |
| 2025-07 | 1486.5x | ₹0 cr | 0.0% | 0.0% | 0.0x |
| 2025-06 | 1600.0x | ₹0 cr | 0.0% | 0.0% | 0.0x |
| 2025-05 | — | ₹1 cr | -0.1% | 0.0% | 0.0x |
| 2025-04 | — | ₹1 cr | -0.1% | 0.0% | 0.0x |
| 2025-03 | — | ₹1 cr | -0.1% | 0.0% | 0.0x |
| 2025-02 | 789.6x | ₹1 cr | 0.0% | 0.0% | 0.0x |
| 2025-01 | 981.6x | ₹1 cr | 0.0% | 0.0% | 0.0x |
| 2024-12 | 1101.8x | ₹1 cr | 0.0% | 0.0% | 0.0x |
| 2024-11 | 2078.7x | ₹1 cr | 0.0% | 0.0% | 0.0x |
| 2024-10 | 1991.2x | ₹1 cr | 0.0% | 0.0% | 0.0x |
| 2024-09 | 1031.3x | ₹1 cr | 0.0% | 0.0% | 0.0x |
| 2024-08 | 1102.9x | ₹1 cr | 0.0% | 0.0% | 0.0x |
| 2024-07 | 1353.7x | ₹1 cr | 0.0% | 0.0% | 0.0x |
| 2024-06 | 1288.0x | ₹1 cr | 0.0% | 0.0% | 0.0x |
| 2024-05 | 356.8x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2024-04 | 439.5x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2024-03 | 384.5x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2024-02 | 426.0x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2024-01 | 471.8x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2023-12 | 378.5x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2023-11 | 306.8x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2023-10 | 253.3x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2023-09 | 326.8x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2023-08 | 287.8x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2023-07 | 270.5x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2023-06 | 315.5x | ₹0 cr | 0.1% | 0.1% | 0.0x |
| 2023-05 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2023-04 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2023-03 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2023-02 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2023-01 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2022-12 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2022-11 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2022-10 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2022-09 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2022-08 | — | — | — | — | — |
| 2022-07 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2022-06 | — | ₹0 cr | 0.0% | 0.2% | 0.0x |
| 2022-05 | 1045.0x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2022-04 | 1263.3x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2022-03 | 1156.7x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2022-02 | 1171.7x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2022-01 | 1283.3x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2021-12 | 1306.7x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2021-11 | 1261.7x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2021-10 | 1166.7x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2021-09 | 1430.0x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2021-08 | 966.7x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2021-07 | 1120.0x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2021-06 | 1496.7x | ₹0 cr | 0.0% | 0.1% | 0.0x |
| 2021-05 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2021-04 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2021-03 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2021-02 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2021-01 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2020-12 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2020-11 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2020-10 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2020-09 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2020-08 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2020-07 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2020-06 | — | ₹0 cr | 0.0% | 0.1% | 0.1x |
| 2020-05 | 471.7x | ₹0 cr | 0.1% | 0.1% | 0.1x |
| 2020-04 | 460.0x | ₹0 cr | 0.1% | 0.1% | 0.1x |
| 2020-03 | 450.0x | ₹0 cr | 0.1% | 0.1% | 0.1x |
| 2020-02 | 745.0x | ₹0 cr | 0.1% | 0.1% | 0.1x |
| 2020-01 | 1113.3x | ₹0 cr | 0.1% | 0.1% | 0.1x |
| 2019-12 | 1361.7x | ₹0 cr | 0.1% | 0.1% | 0.1x |
| 2019-11 | 1483.3x | ₹0 cr | 0.1% | 0.1% | 0.1x |
| 2019-10 | — | — | — | — | — |
| 2019-09 | 1415.0x | ₹0 cr | 0.1% | 0.1% | 0.1x |
| 2019-08 | — | — | — | — | — |
| 2019-07 | 1500.0x | ₹0 cr | 0.1% | 0.1% | 0.1x |
| 2019-06 | 1388.3x | ₹0 cr | 0.1% | 0.1% | 0.1x |
| 2019-05 | 66.4x | ₹0 cr | 0.6% | 1.2% | 0.0x |
| 2019-04 | 75.4x | ₹0 cr | 0.6% | 1.2% | 0.0x |
| 2019-03 | 35.8x | ₹0 cr | 0.6% | 1.2% | 0.0x |
| 2019-02 | 67.5x | ₹0 cr | 0.6% | 1.2% | 0.0x |