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MATRIMONY.COM LIMITED (MATRIMONY)

Technology Services · Internet Software/Services · 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.49 / 100
Profitability 64Growth 23Balance sheet 61
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.51 / 100
Price 91Earnings 60FII/DII 3

Passes these screensDebt-light & profitableNear 52-week high

Compare withINFO EDGE (INDIA)PB FINTECHCARTRADE TECH

Share price

Closing priceAdjusted for splits and bonus issues.

₹582.4 latest close · +37.5% over the last 90 sessions

₹450₹500₹550Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹450₹500₹550Jul 3Sep 4Nov 9

₹582.4 month-end · +19.1% over 12 months

₹400₹500₹600Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹400₹500₹600Nov '25May '26Nov '26

₹582.4 month-end · +8.2% over 3 years

₹400₹600₹800Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹400₹600₹800Nov '23May '25Nov '26

₹582.4 month-end · +36.8% since Jan '19

₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹364.05 to ₹589.90 · 1-year volatility 36.3%

Was the rally earned?

+19%share price, 1 yearEarnings-driven

Mostly yes.

  • Per-share earnings added 18 points to the rise, while the multiple moved less (P/E 26.8x to 27.2x).
  • The share count fell 3%.
Net profit growth: +14 pts. Points of the price return explained by net profit growing (or shrinking).+14 ptsNet profit growthP/E change: +2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+2 ptsP/E changeShare count change: +4 pts. Points of the price return explained by the share count changing. More shares count against the price.+4 ptsShare count changeShare price: +19%+19%Share priceNet profit growth: +14 pts. Points of the price return explained by net profit growing (or shrinking).+14ProfitP/E change: +2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+2P/EShare count change: +4 pts. Points of the price return explained by the share count changing. More shares count against the price.+4SharesShare price: +19%+19%Share price
Net profit growth+14 ptsNet profit rose about 13%, which lifts the price.
P/E change+2 ptsThe P/E rose from 26.8x to 27.2x, which lifts the price.
Share count change+4 ptsShare count fell 3%, which lifts the price.
+8%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 25.7x to 27.2x); per-share earnings added 2 points.
  • The share count fell 8%.
Net profit growth: −6 pts. Points of the price return explained by net profit growing (or shrinking).−6 ptsNet profit growthP/E change: +6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+6 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: +8%+8%Share priceNet profit growth: −6 pts. Points of the price return explained by net profit growing (or shrinking).−6ProfitP/E change: +6 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+6P/EShare count change: +8 pts. Points of the price return explained by the share count changing. More shares count against the price.+8SharesShare price: +8%+8%Share price
Net profit growth-6 ptsNet profit fell about 6%, which lowers the price.
P/E change+6 ptsThe P/E rose from 25.7x to 27.2x, which lifts the price.
Share count change+8 ptsShare count fell 8%, which lifts the price.
-38%share price, 5 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 14 points, but investors now pay less per rupee of profit (P/E 52.6x to 27.2x), which took 52 points back.
  • The share count fell 10%.
Net profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6 ptsNet profit growthP/E change: −52 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−52 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: −38%−38%Share priceNet profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6ProfitP/E change: −52 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−52P/EShare count change: +9 pts. Points of the price return explained by the share count changing. More shares count against the price.+9SharesShare price: −38%−38%Share price
Net profit growth+6 ptsNet profit rose about 8%, which lifts the price.
P/E change-52 ptsThe P/E fell from 52.6x to 27.2x, which lowers the price.
Share count change+9 ptsShare count fell 10%, which lifts 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 INFO EDGE (INDIA)

How rough has the ride been?

Maximum drawdown-68.1%not yet recovered
1-year volatility36.3%annualised
Beta vs sector index0.263-year daily, correlation 0.15
Volume spikes8last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−68.1% 0%−20%−40%−60%2020202220242026−68.1%
Largest drawdowns

-68.1% (2021-02 peak to 2026-03 low, not yet recovered)

-63.8% (2019-05 peak to 2020-04 low, recovered 2020-11)

-25.9% (2019-01 peak to 2019-02 low, recovered 2019-03)

Most recent volume spikes

2026-08-24: 5.7x the 50-day median, price -2.9% that day

2026-08-12: 26.6x the 50-day median, price +0.8% that day

2026-08-11: 93x the 50-day median, price +11.8% 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?

27.2xP/E todayWithin its usual range
Against its own history45th percentile
CheapestMedian 28.0xDearest

Usual range 22.2x to 54.3x since 2019-01.

Against Technology Services27.2x vs 21.1x
This company
27.2x
Sector median
21.1x

29% above the Technology Services median.

7.4x33.2x59.1x85.0xJan '19Aug '20Mar '22Oct '23May '25Nov '267.4x33.2x59.1x85.0xJan '19Sep '21May '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

  • ROCE55th▼ 5 pts vs a year ago
  • Op. margin72nd▲ 33 pts vs a year ago
  • Revenue growth31st▲ 12 pts vs a year ago
  • EPS growth62nd▲ 32 pts vs a year ago
  • Debt/equity ↓32nd▲ 4 pts vs a year ago
  • Cash cycle ↓91stflat vs a year ago
  • P/E ↓37th▼ 15 pts vs a year ago
  • 12M momentum85th▲ 38 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 priceAbove delivered growth

At normalised P/E (five-year average earnings) of 26.6x, a holder earning 12%/yr needs earnings to grow about 17.2%/yr for 10 years, then trade at 15x.

Delivered−2.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+19.7 ptsimplied minus delivered
Rank149thmost demanding of 856

Over time

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

-3%20%42% Jan 2019Nov 2026 -3%20%42% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x18.5%19.6%20.7%
15x16.1%17.2%18.2%
20x13.0%14.1%15.1%

Drag a slider to test other assumptions

Implied: 17.2%/yr

Looking back

  • Jan 2020Price implied 30%/yr; EPS has since grown −2%/yr (7.0 yrs)
  • Jan 2021Price implied 33%/yr; EPS has since grown 4%/yr (6.0 yrs)
  • Jan 2022Price implied 24%/yr; EPS has since grown −2%/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
₹582.40
P/E
27.2x
ROCE
17.0%
Market Cap
₹1204 cr
Revenue (TTM)
₹476 cr
P/S
2.5x
P/B
5.8x
ROE
21.4%
Operating Margin
20.0%
Debt / Equity
0.2x
Promoter Holding
58.4%
12M Momentum
19.1%

52-week range

₹364.05₹589.90
97% of the way from its 52-week low to its high

Price risk

1Y volatility
36.3%
Beta vs sector
1-year daily
0.27

Balance sheet & cash

Interest cover
operating profit ÷ interest
15.3x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.50x
Share count, 1Y
-9.1%

Are profits backed by cash?

5 of 6checks within range1 beyond a threshold
Other income reliance41%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 41.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate23%Within range

Median quarterly effective tax rate over about 2.5 years: 22.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.50xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.50x (cash from operations ₹193 cr, net profit ₹129 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+1 daysWithin range

Debtor days are above the median of the previous three fiscal years by 1 days (1 vs 0). 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, promoters added 6.8 pts; DIIs trimmed 6.8 pts; FIIs trimmed 6.5 pts.
  • The number of shareholders rose from 17,921 to 20,396 (+14%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters51.6%58.4%+6.8 pts
FIIs25.7%19.2%-6.5 pts
DIIs11.9%5.2%-6.8 pts
Public and others10.7%17.2%+6.5 pts

Number of shareholders

20,396shareholders+14% since Sep '23
18k28k37k47k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 17,921
Dec '23: 18,173
Mar '24: 18,407
Jun '24: 18,455
Sep '24: 47,048
Dec '24: 21,980
Mar '25: 21,001
Jun '25: 20,588
Sep '25: 20,033
Dec '25: 24,830
Mar '26: 21,157
Jun '26: 20,396
 18k28k37k47k Sep '23Sep '24Sep '25Jun '26
Sep '23: 17,921
Dec '23: 18,173
Mar '24: 18,407
Jun '24: 18,455
Sep '24: 47,048
Dec '24: 21,980
Mar '25: 21,001
Jun '25: 20,588
Sep '25: 20,033
Dec '25: 24,830
Mar '26: 21,157
Jun '26: 20,396

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

+3.8%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like MATRIMONY.COM 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 −22% to +38% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+4.8%, 80% range −4.3% to +10.8%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
BLISSGVS · Sep 2020: −60.6% vs market
INSECTICID · Sep 2022: −40.1% vs market
AHLUCONT · Feb 2020: −38.5% vs market
GREENLAM · Jan 2020: −32.6% vs market
AARTIPHARM · May 2025: −32.0% vs market
MALLCOM · Jun 2023: −31.7% vs market
FLAIR · Jul 2025: −28.6% vs market
MMP · Feb 2020: −28.3% vs market
GUFICBIO · Oct 2024: −27.7% vs market
KILITCH · Apr 2025: −26.7% vs market
DICIND · Feb 2020: −26.4% vs market
MOLDTKPAC · Jul 2025: −23.1% vs market
PIXTRANS · Jul 2023: −22.2% vs market
GRANULES · Oct 2022: −20.3% vs market
GANESHBE · Oct 2022: −12.1% vs market
GNA · Jan 2023: −9.0% vs market
YASHOPTICS · Aug 2025: −8.4% vs market
NILKAMAL · Feb 2020: −4.9% vs market
SJS · Aug 2023: −3.1% vs market
GANECOS · Oct 2022: −2.9% vs market
SHALBY · Jul 2023: −2.8% vs market
PRICOLLTD · Oct 2023: −2.4% vs market
VISHNU · Oct 2024: −1.2% vs market
CIGNITITEC · Feb 2023: +0.7% vs market
CYIENT · Apr 2023: +3.6% vs market
THEMISMED · Sep 2023: +4.1% vs market
SIRCA · Jun 2025: +5.5% vs market
CCL · Nov 2022: +5.7% vs market
USHAMART · Sep 2025: +8.0% vs market
CONTROLPR · Apr 2023: +8.5% vs market
JAMNAAUTO · Oct 2021: +11.3% vs market
KOTHARIPET · May 2020: +17.7% vs market
MARKSANS · May 2023: +21.3% vs market
FIEMIND · Oct 2021: +24.4% vs market
LUMAXTECH · Jul 2022: +26.5% vs market
GALLANTT · Jun 2025: +29.8% vs market
TEGA · Jan 2023: +35.5% vs market
JASH · Apr 2024: +39.1% vs market
TCI · May 2021: +43.6% vs market
THEJO · Mar 2020: +44.2% vs market
MENONBE · Jul 2025: +44.6% vs market
MAHSEAMLES · Apr 2022: +48.8% vs market
KSB · Oct 2021: +51.3% vs market
DOLLAR · Nov 2020: +63.6% vs market
CENTURYPLY · Jan 2021: +64.0% vs market
SMSPHARMA · Jun 2020: +70.1% vs market
BHAGCHEM · Feb 2024: +71.9% vs market
BECTORFOOD · Jan 2023: +81.2% vs market
NRBBEARING · Sep 2025: +87.2% vs market
KPRMILL · Oct 2020: +90.7% vs market
Similar setups +3.8%All companies −1.0%← 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
+3.8%
All companies' median
−1.0%
Beat the market
54% vs 49%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DICIND
Process Industries		 Feb 2020 17x15% +18%0% −26%
BECTORFOOD
Consumer Non-Durables		 Jan 2023 49x14% +29%−1% +81%
THEJO
Distribution Services		 Mar 2020 12x24% −19%— +44%
AARTIPHARM
Health Technology		 May 2025 33x17% +62%0% −32%
JAMNAAUTO
Producer Manufacturing		 Oct 2021 53x16% +142%−2% +11%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JASH
Producer Manufacturing		 Apr 2024 47x23% +115%0% +39%
INSECTICID
Process Industries		 Sep 2022 20x16% +57%0% −40%
MENONBE
Producer Manufacturing		 Jul 2025 31x20% +1%−1% +45%
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/E, 12-month momentum and P/S. 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 MATRIMONY.COM 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.

VIDHI SPECIALTY FOOD INGVIDHIING
Consumer Non-Durables
77%similar
revenueP/E
UNIPARTS INDIAUNIPARTS
Producer Manufacturing
61%similar
debt/equityoperating margin
MOLD-TEK PACKAGINGMOLDTKPAC
Producer Manufacturing
60%similar
EPS growthrevenue growth
ROTO PUMPSROTO
Producer Manufacturing
60%similar
market capoperating margin
INDIA PESTICIDESIPL
Process Industries
59%similar
ROCEmarket cap
DATAMATICS GLOBAL SERVICES LIMDATAMATICS
Technology Services
49%similar
operating marginEPS growth
XCHANGING SOLUTIONSXCHANGING
Technology Services
45%similar
ROCEdebt/equity
EXPLEO SOLUTIONSEXPLEOSOL
Technology Services
41%similar
market capvolatility

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

What changed?

30 events since Jun '22

  1. SepResultsYear-on-year EPS growth turned positive.
  2. SepPeer rankMoved into the 2nd quartile of Technology Services on operating margin (from the 3rd quartile).
  3. AugPriceVolume reached 93.0x its 50-day median on 2026-08-11; price +11.8% that day.
  4. JunPromoterPromoter holding rose 3.6 pts to 58.3%.
  5. JunInstitutionsFII + DII holding fell 3.2 pts over 2 quarters to 26.5%.
  6. JunPeer rankSlipped to the bottom quartile of Technology Services on EPS growth (from the 3rd quartile).
  7. JunPriceVolume reached 17.3x its 50-day median on 2026-06-15; price +1.1% that day.
  8. MarPriceFell 68% from the Feb 2021 peak to the Mar 2026 low.
Show 22 earlier events
  1. FebPriceVolume reached 11.3x its 50-day median on 2026-02-18; price -5.0% that day.
  2. DecPriceVolume reached 104.9x its 50-day median on 2025-12-08; price +10.4% that day.
  3. AugPriceVolume reached 18.2x its 50-day median on 2025-08-01; price +2.9% that day.
  4. JunResultsYear-on-year EPS growth turned negative.
  5. JunPriceVolume reached 6.9x its 50-day median on 2025-06-16; price +8.5% that day.
  6. DecPeer rankSlipped to the 3rd quartile of Technology Services on operating margin (from the 2nd quartile).
  7. SepInstitutionsFII + DII holding fell 3.8 pts over 2 quarters to 33.5%.
  8. SepPriceVolume reached 93.6x its 50-day median on 2024-09-03; price +7.1% that day.
  9. JunResultsYear-on-year EPS growth turned positive.
  10. JunPeer rankMoved into the 2nd quartile of Technology Services on ROCE (from the 3rd quartile).
  11. JunPriceVolume reached 24.5x its 50-day median on 2024-06-13; price +3.1% that day.
  12. FebPriceVolume reached 6.7x its 50-day median on 2024-02-16; price -2.0% that day.
  13. DecPriceVolume reached 9.4x its 50-day median on 2023-12-27; price +4.8% that day.
  14. AugPriceVolume reached 12.1x its 50-day median on 2023-08-11; price -3.2% that day.
  15. JunResultsYear-on-year EPS growth turned negative.
  16. JunPeer rankSlipped to the 3rd quartile of Technology Services on ROCE (from the 2nd quartile).
  17. MayPriceVolume reached 54.0x its 50-day median on 2023-05-22; price +2.7% that day.
  18. FebPriceVolume reached 9.4x its 50-day median on 2023-02-01; price +1.8% that day.
  19. NovPriceVolume reached 9.2x its 50-day median on 2022-11-14; price +0.2% that day.
  20. SepPriceVolume reached 12.3x its 50-day median on 2022-09-21; price -2.5% that day.
  21. JunResultsRevenue (TTM) reached a new high of ₹434 cr.
  22. JunPeer rankSlipped to the 2nd quartile of Technology Services on EPS growth (from the top quartile).

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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1127.2x₹476 cr21.4%17.0%0.2x
2026-1025.3x₹476 cr21.8%17.0%0.2x
2026-0924.5x₹476 cr21.8%17.0%0.2x
2026-0832.3x₹460 cr16.5%17.0%0.2x
2026-0727.2x₹460 cr16.5%17.0%0.2x
2026-0624.6x₹460 cr16.5%17.0%0.2x
2026-0527.9x₹451 cr13.2%19.0%0.2x
2026-0427.8x₹451 cr13.2%19.0%0.2x
2026-0328.1x₹451 cr13.2%19.0%0.2x
2026-0225.4x₹449 cr14.0%19.0%0.2x
2026-0132.5x₹449 cr14.0%19.0%0.2x
2025-1233.4x₹449 cr14.0%19.0%0.2x
2025-1126.8x₹450 cr16.1%19.0%0.2x
2025-1028.0x₹450 cr16.1%19.0%0.2x
2025-0930.3x₹450 cr16.1%19.0%0.2x
2025-0824.7x₹456 cr18.6%19.0%0.2x
2025-0725.8x₹456 cr18.6%19.0%0.2x
2025-0625.3x₹456 cr18.6%19.0%0.2x
2025-0522.6x₹467 cr16.8%21.0%0.2x
2025-0422.7x₹467 cr16.8%21.0%0.2x
2025-0323.1x₹467 cr16.8%21.0%0.2x
2025-0223.8x₹473 cr17.2%21.0%0.2x
2025-0126.9x₹473 cr17.2%21.0%0.2x
2024-1229.7x₹473 cr17.2%21.0%0.2x
2024-1128.4x₹479 cr17.2%21.0%0.2x
2024-1036.2x₹479 cr17.2%21.0%0.2x
2024-0934.1x₹479 cr17.2%21.0%0.2x
2024-0833.8x₹481 cr17.2%21.0%0.2x
2024-0729.8x₹481 cr17.2%21.0%0.2x
2024-0628.0x₹481 cr17.2%21.0%0.2x
2024-0526.0x₹456 cr18.6%16.0%0.3x
2024-0426.8x₹456 cr18.6%16.0%0.3x
2024-0325.1x₹456 cr18.6%16.0%0.3x
2024-0225.5x₹456 cr18.6%16.0%0.3x
2024-0126.5x₹456 cr18.6%16.0%0.3x
2023-1227.6x₹456 cr18.6%16.0%0.3x
2023-1125.7x₹456 cr18.6%16.0%0.3x
2023-1027.7x₹456 cr18.6%16.0%0.3x
2023-0928.3x₹456 cr18.6%16.0%0.3x
2023-0830.6x₹456 cr18.6%16.0%0.3x
2023-0731.3x₹456 cr18.6%16.0%0.3x
2023-0630.3x₹456 cr18.6%16.0%0.3x
2023-0526.6x₹434 cr17.4%22.0%0.2x
2023-0422.6x₹434 cr17.4%22.0%0.2x
2023-0321.8x₹434 cr17.4%22.0%0.2x
2023-0222.1x₹434 cr17.4%22.0%0.2x
2023-0124.4x₹434 cr17.4%22.0%0.2x
2022-1224.9x₹434 cr17.4%22.0%0.2x
2022-1126.3x₹434 cr17.4%22.0%0.2x
2022-1026.6x₹434 cr17.4%22.0%0.2x
2022-0926.5x₹434 cr17.4%22.0%0.2x
2022-0830.5x₹434 cr17.4%22.0%0.2x
2022-0733.0x₹434 cr17.4%22.0%0.2x
2022-0634.7x₹434 cr17.4%22.0%0.2x
2022-0543.8x₹378 cr15.6%19.0%0.2x
2022-0440.2x₹378 cr15.6%19.0%0.2x
2022-0337.6x₹378 cr15.6%19.0%0.2x
2022-0240.5x₹378 cr15.6%19.0%0.2x
2022-0146.5x₹378 cr15.6%19.0%0.2x
2021-1252.0x₹378 cr15.6%19.0%0.2x

Older months are in the live observatory.

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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