अApnaFunda

MINDTECK (INDIA) LTD (MINDTECK)

Technology Services · Information Technology 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.61 / 100
Profitability 39Growth 44Balance sheet 100

Passes these screensCash RichValue Pick

Share price

Closing priceAdjusted for splits and bonus issues.

₹131.34 latest close · −37.1% over the last 90 sessions

₹150₹200Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹150₹200Jul 3Sep 4Nov 9

₹131.34 month-end · −37.6% over 12 months

₹150₹200Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹150₹200Nov '25May '26Nov '26

₹131.34 month-end · −35.7% over 3 years

₹200₹300Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹200₹300Nov '23May '25Nov '26

₹131.34 month-end · +349.8% since Jan '19

₹0₹100₹200₹300Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹100₹200₹300Jan '19Dec '22Nov '26

52-week range ₹124.51 to ₹270.90 · 1-year volatility 45.0%

Was the rally earned?

-38%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 0 points, but investors now pay less per rupee of profit (P/E 21.6x to 13.5x), which took 38 points back.
  • The share count barely moved.
Net profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0 ptsNet profit growthP/E change: −38 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−38 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: −38%−38%Share priceNet profit growth: 0 pts. Points of the price return explained by net profit growing (or shrinking).0ProfitP/E change: −38 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−38P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −38%−38%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-38 ptsThe P/E fell from 21.6x to 13.5x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-36%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 32 points, but investors now pay less per rupee of profit (P/E 31.1x to 13.5x), which took 68 points back.
  • The share count barely moved.
Net profit growth: +32 pts. Points of the price return explained by net profit growing (or shrinking).+32 ptsNet profit growthP/E change: −68 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−68 ptsP/E changeShare price: −36%−36%Share priceNet profit growth: +32 pts. Points of the price return explained by net profit growing (or shrinking).+32ProfitP/E change: −68 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−68P/EShare price: −36%−36%Share price
Net profit growth+32 ptsNet profit rose about 48%, which lifts the price.
P/E change-68 ptsThe P/E fell from 31.1x to 13.5x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+58%share price, 5 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 24.5x to 13.5x), which took 76 points back.
  • The share count barely moved.
Net profit growth: +132 pts. Points of the price return explained by net profit growing (or shrinking).+132 ptsNet profit growthP/E change: −76 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−76 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: +58%+58%Share priceNet profit growth: +132 pts. Points of the price return explained by net profit growing (or shrinking).+132ProfitP/E change: −76 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−76P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: +58%+58%Share price
Net profit growth+132 ptsNet profit rose about 183%, which lifts the price.
P/E change-76 ptsThe P/E fell from 24.5x to 13.5x, which lowers the price.
Share count change+2 ptsShare count was little changed. More shares would count against 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 TATA CONSULTANCY SERVICES

How rough has the ride been?

Maximum drawdown-74.9%recovered 2020-12
1-year volatility45.0%annualised

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−74.9% 0%−25%−50%−75%2020202220242026−74.9%
Largest drawdowns

-74.9% (2019-05 peak to 2020-03 low, recovered 2020-12)

-65.0% (2022-01 peak to 2022-06 low, recovered 2024-04)

-64.2% (2024-07 peak to 2026-10 low, not yet recovered)

Is it expensive against its own past and its peers?

13.5xP/E todayNear its historic low
Against its own history19th percentile
CheapestMedian 23.0xDearest

Usual range 10.5x to 34.2x since 2019-01.

Against Technology Services13.5x vs 21.1x
This company
13.5x
Sector median
21.1x

36% below the Technology Services median.

7.4x21.7x36.0x50.4xJan '19Aug '20Mar '22Oct '23May '25Nov '267.4x21.7x36.0x50.4xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

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P/B (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

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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

  • ROCE49thflat vs a year ago
  • Op. margin29th▼ 6 pts vs a year ago
  • Revenue growth14th▼ 22 pts vs a year ago
  • EPS growth34th▼ 18 pts vs a year ago
  • Debt/equity ↓76thflat vs a year ago
  • Cash cycle ↓31st▼ 3 pts vs a year ago
  • P/E ↓77th▲ 6 pts vs a year ago
  • 12M momentum24th▼ 15 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?

~11%annual earnings growth implied by the price

At a P/E of 14.8x, the price would imply about 11.1%/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 Technology Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹131.34
P/E
13.5x
ROCE
15.0%
Market Cap
₹420 cr
Revenue (TTM)
₹410 cr
P/S
1.0x
P/B
1.4x
ROE
10.2%
Operating Margin
7.8%
Debt / Equity
0.0x
Promoter Holding
64.2%
12M Momentum
-37.6%

52-week range

₹124.51₹270.90
5% of the way from its 52-week low to its high

Price risk

1Y volatility
45.0%
Beta vs sector
1-year daily
0.71

Balance sheet & cash

Interest cover
operating profit ÷ interest
40.4x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.82x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 6checks within range1 near a threshold
Other income reliance18%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 18.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate18%Within range

Median quarterly effective tax rate over about 2.5 years: 17.9%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.82xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.82x (cash from operations ₹72 cr, net profit ₹88 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+14 daysWithin range

Debtor days are above the median of the previous three fiscal years by 14 days (102 vs 88). 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 2 years, promoters trimmed 0.7 pts.
  • The number of shareholders rose from 20,710 to 32,078 (+55%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters64.9%64.2%-0.7 pts
FIIs0.2%0.1%-0.1 pts
DIIs0.0%0.0%0.0 pts
Public and others33.2%35.7%+2.5 pts

Number of shareholders

32,078shareholders+55% since Dec '23
21k25k29k33k Dec '23Jun '24Dec '24Jun '25Mar '26Jun '26
Dec '23: 20,710
Mar '24: 22,246
Jun '24: 25,624
Sep '24: 32,698
Dec '24: 32,078
Mar '25: 32,292
Jun '25: 32,478
Dec '25: 31,956
Mar '26: 32,189
Jun '26: 32,078
21k25k29k33k Dec '23Sep '24Jun '25Jun '26
Dec '23: 20,710
Mar '24: 22,246
Jun '24: 25,624
Sep '24: 32,698
Dec '24: 32,078
Mar '25: 32,292
Jun '25: 32,478
Dec '25: 31,956
Mar '26: 32,189
Jun '26: 32,078

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

−6.1%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 MINDTECK (INDIA) LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −19% to +29% vs the market, against −6% for all non-financial companies in the same months.
  • The gap against the base rate (−0.1%, 80% range −4.2% to +6.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
BALAXI · Mar 2025: −74.8% vs market
PRITI · Jun 2025: −58.7% vs market
SHYAMCENT · May 2024: −53.1% vs market
INDTERRAIN · Jan 2020: −52.2% vs market
UFO · Feb 2020: −51.6% vs market
DPWIRES · Jun 2024: −47.5% vs market
HPAL · Mar 2025: −42.4% vs market
ALANKIT · May 2025: −41.0% vs market
MAHEPC · Jun 2021: −37.9% vs market
APTECHT · Feb 2025: −33.5% vs market
FAIRCHEMOR · Nov 2024: −25.7% vs market
GAEL · Oct 2024: −22.7% vs market
EXCELINDUS · Jun 2023: −18.8% vs market
TVTODAY · Aug 2023: −18.1% vs market
INSECTICID · May 2023: −17.1% vs market
AVTNPL · Dec 2024: −16.6% vs market
DBCORP · Jul 2021: −15.0% vs market
IFBAGRO · Feb 2022: −13.8% vs market
VARDHACRLC · Jun 2024: −13.8% vs market
SURYAROSNI · Dec 2024: −12.3% vs market
LINC · Apr 2025: −11.6% vs market
NOCIL · May 2025: −8.0% vs market
STEELCITY · Feb 2020: −6.8% vs market
CYBERTECH · Mar 2023: −6.7% vs market
PLASTIBLEN · Jul 2025: −6.5% vs market
PODDARMENT · Nov 2021: −5.7% vs market
BLISSGVS · Apr 2022: −3.7% vs market
JTLIND · Jul 2025: +0.4% vs market
KOPRAN · May 2023: +1.9% vs market
HONDAPOWER · Nov 2023: +2.5% vs market
INDNIPPON · May 2021: +4.8% vs market
ALBERTDAVD · Jun 2021: +6.2% vs market
EKC · Jun 2024: +8.1% vs market
SEMAC · Mar 2021: +14.9% vs market
IOLCP · Jun 2024: +17.9% vs market
PPAP · Jan 2020: +19.6% vs market
MAZDA · Feb 2022: +25.4% vs market
HERITGFOOD · Jun 2022: +30.4% vs market
WINDLAS · Sep 2022: +31.2% vs market
BANCOINDIA · Jun 2020: +31.9% vs market
GUJALKALI · Dec 2020: +36.0% vs market
KITEX · Aug 2021: +42.7% vs market
MMP · Jun 2021: +55.8% vs market
AKUMS · Aug 2025: +58.8% vs market
SESHAPAPER · Nov 2021: +65.2% vs market
GOLDIAM · Aug 2023: +73.6% vs market
MARKSANS · Sep 2022: +103.5% vs market
MOREPENLAB · Aug 2025: +113.4% vs market
QUICKHEAL · May 2023: +119.4% vs market
ASIANENE · Dec 2022: +192.0% vs market
Similar setups −6.1%All companies −6.0%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
−6.1%
All companies' median
−6.0%
Beat the market
46% vs 43%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TVTODAY
Consumer Services
Aug 2023 15x13% −21%−28% −18%
EXCELINDUS
Process Industries
Jun 2023 16x9% −19%−36% −19%
MAZDA
Producer Manufacturing
Feb 2022 12x16% −8%−34% +25%
PPAP
Producer Manufacturing
Jan 2020 8x17% −39%−48% +20%
INSECTICID
Process Industries
May 2023 12x16% −15%−41% −17%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KITEX
Process Industries
Aug 2021 19x11% +41%−26% +43%
PLASTIBLEN
Process Industries
Jul 2025 15x10% −41%−50% −7%
EKC
Producer Manufacturing
Jun 2024 14x12% +2%−27% +8%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, P/S 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 MINDTECK (INDIA) LTD. 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 changed?

30 events since Jun '21

  1. OctPriceFell 64% from the Jul 2024 peak to the Oct 2026 low.
  2. SepPeer rankSlipped to the 3rd quartile of Technology Services on EPS growth (from the 2nd quartile).
  3. JunResultsYear-on-year EPS growth turned positive.
  4. JunPeer rankSlipped to the 3rd quartile of Technology Services on ROCE (from the 2nd quartile).
  5. MarResultsYear-on-year EPS growth turned negative.
  6. MarPeer rankMoved into the 3rd quartile of Technology Services on operating margin (from the bottom quartile).
  7. DecPeer rankSlipped to the bottom quartile of Technology Services on operating margin (from the 3rd quartile).
  8. SepPeer rankMoved into the 2nd quartile of Technology Services on EPS growth (from the 3rd quartile).
Show 22 earlier events
  1. JunPeer rankMoved into the 2nd quartile of Technology Services on ROCE (from the 3rd quartile).
  2. JunSharesShare count is up 28.0% over 12 months.
  3. MarPeer rankMoved into the 3rd quartile of Technology Services on operating margin (from the bottom quartile).
  4. DecPeer rankSlipped to the bottom quartile of Technology Services on operating margin (from the 3rd quartile).
  5. JulPriceRegained the 2024-05 peak, 1 month after the low.
  6. JunResultsYear-on-year EPS growth turned positive.
  7. JunPriceFell 29% from the May 2024 peak to the Jun 2024 low.
  8. JunPeer rankMoved into the 2nd quartile of Technology Services on EPS growth (from the bottom quartile).
  9. AprPriceRegained the 2022-01 peak, 22 months after the low.
  10. AprValuationP/E crossed above the 90th percentile of its own history to date (36.1x).
  11. JunResultsYear-on-year EPS growth turned negative.
  12. JunPeer rankSlipped to the bottom quartile of Technology Services on EPS growth (from the top quartile).
  13. NovValuationP/E fell below the 10th percentile of its own history to date (10.5x).
  14. JunPriceFell 65% from the Jan 2022 peak to the Jun 2022 low.
  15. JunValuationP/E fell below the 10th percentile of its own history to date (8.0x).
  16. JunPeer rankMoved into the top quartile of Technology Services on EPS growth (from the bottom quartile).
  17. JunDividendStarted paying a dividend (payout 8% of profit).
  18. DecPriceRegained the 2021-08 peak, 3 months after the low.
  19. SepPriceFell 34% from the Aug 2021 peak to the Sep 2021 low.
  20. JunResultsEPS (TTM) turned positive.
  21. JunPriceRegained the 2021-01 peak, 3 months after the low.
  22. JunPeer rankMoved into the 3rd quartile of Technology Services on ROCE (from the bottom 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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1113.5x₹410 cr10.2%15.0%0.0x
2026-1013.1x₹410 cr10.2%15.0%0.0x
2026-0915.7x₹410 cr10.2%15.0%0.0x
2026-0817.6x₹407 cr10.4%15.0%0.0x
2026-0719.6x₹407 cr10.4%15.0%0.0x
2026-0620.6x₹407 cr10.4%15.0%0.0x
2026-0524.4x₹407 cr10.8%16.0%0.0x
2026-0422.9x₹407 cr10.8%16.0%0.0x
2026-0316.6x₹407 cr10.8%16.0%0.0x
2026-0221.5x₹411 cr11.9%16.0%0.0x
2026-0123.3x₹411 cr11.9%16.0%0.0x
2025-1221.0x₹411 cr11.9%16.0%0.0x
2025-1121.6x₹418 cr11.9%16.0%0.0x
2025-1027.9x₹418 cr11.9%16.0%0.0x
2025-0923.4x₹418 cr11.9%16.0%0.0x
2025-0821.8x₹424 cr11.0%16.0%0.0x
2025-0722.7x₹424 cr11.0%16.0%0.0x
2025-0626.4x₹424 cr11.0%16.0%0.0x
2025-0528.1x₹418 cr12.8%16.0%0.0x
2025-0424.5x₹418 cr12.8%16.0%0.0x
2025-0318.7x₹418 cr12.8%16.0%0.0x
2025-0220.8x₹410 cr12.5%16.0%0.0x
2025-0125.9x₹410 cr12.5%16.0%0.0x
2024-1234.1x₹410 cr12.5%16.0%0.0x
2024-1133.7x₹400 cr12.4%16.0%0.0x
2024-1034.4x₹400 cr12.4%16.0%0.0x
2024-0933.1x₹400 cr12.4%16.0%0.0x
2024-0835.2x₹386 cr12.4%16.0%0.0x
2024-0741.4x₹386 cr12.4%16.0%0.0x
2024-0628.8x₹386 cr12.4%16.0%0.0x
2024-0531.9x₹337 cr11.0%14.0%0.0x
2024-0436.1x₹337 cr11.0%14.0%0.0x
2024-0324.8x₹337 cr11.0%14.0%0.0x
2024-0227.3x₹337 cr11.0%14.0%0.0x
2024-0129.4x₹337 cr11.0%14.0%0.0x
2023-1228.5x₹337 cr11.0%14.0%0.0x
2023-1131.1x₹337 cr11.0%14.0%0.0x
2023-1020.7x₹337 cr11.0%14.0%0.0x
2023-0920.1x₹337 cr11.0%14.0%0.0x
2023-0817.7x₹337 cr11.0%14.0%0.0x
2023-0715.9x₹337 cr11.0%14.0%0.0x
2023-0617.1x₹337 cr11.0%14.0%0.0x
2023-059.5x₹299 cr18.9%12.0%0.0x
2023-049.4x₹299 cr18.9%12.0%0.0x
2023-038.0x₹299 cr18.9%12.0%0.0x
2023-028.9x₹299 cr18.9%12.0%0.0x
2023-0110.2x₹299 cr18.9%12.0%0.0x
2022-1210.6x₹299 cr18.9%12.0%0.0x
2022-1110.5x₹299 cr18.9%12.0%0.0x
2022-1011.2x₹299 cr18.9%12.0%0.0x
2022-0910.4x₹299 cr18.9%12.0%0.0x
2022-0810.9x₹299 cr18.9%12.0%0.0x
2022-079.5x₹299 cr18.9%12.0%0.0x
2022-068.0x₹299 cr18.9%12.0%0.0x
2022-0529.2x₹287 cr7.9%12.0%0.2x
2022-0436.9x₹287 cr7.9%12.0%0.2x
2022-0330.4x₹287 cr7.9%12.0%0.2x
2022-0232.1x₹287 cr7.9%12.0%0.2x
2022-0144.2x₹287 cr7.9%12.0%0.2x
2021-1250.4x₹287 cr7.9%12.0%0.2x
2021-1124.5x₹287 cr7.9%12.0%0.2x
2021-1021.4x₹287 cr7.9%12.0%0.2x
2021-0920.3x₹287 cr7.9%12.0%0.2x
2021-0823.0x₹287 cr7.9%12.0%0.2x
2021-0727.3x₹287 cr7.9%12.0%0.2x
2021-0616.4x₹287 cr7.9%12.0%0.2x
2021-05—₹276 cr-50.4%-1.0%0.1x
2021-04—₹276 cr-50.4%-1.0%0.1x
2021-03—₹276 cr-50.4%-1.0%0.1x
2021-02—₹276 cr-50.4%-1.0%0.1x
2021-01—₹276 cr-50.4%-1.0%0.1x
2020-12—₹276 cr-50.4%-1.0%0.1x
2020-11—₹276 cr-50.4%-1.0%0.1x
2020-10—₹276 cr-50.4%-1.0%0.1x
2020-09—₹276 cr-50.4%-1.0%0.1x
2020-08—₹276 cr-50.4%-1.0%0.1x
2020-07—₹276 cr-50.4%-1.0%0.1x
2020-06—₹276 cr-50.4%-1.0%0.1x
2020-0520.3x₹299 cr1.1%3.0%0.0x
2020-0417.2x₹299 cr1.1%3.0%0.0x
2020-0313.2x₹299 cr1.1%3.0%0.0x
2020-0218.8x₹299 cr1.1%3.0%0.0x
2020-0125.3x₹299 cr1.1%3.0%0.0x
2019-1224.1x₹299 cr1.1%3.0%0.0x
2019-1126.6x₹299 cr1.1%3.0%0.0x
2019-1031.1x₹299 cr1.1%3.0%0.0x
2019-0933.3x₹299 cr1.1%3.0%0.0x
2019-0827.6x₹299 cr1.1%3.0%0.0x
2019-0733.8x₹299 cr1.1%3.0%0.0x
2019-0635.0x₹299 cr1.1%3.0%0.0x
2019-05—₹297 cr-3.1%1.0%0.0x
2019-04—₹297 cr-3.1%1.0%0.0x
2019-03—₹297 cr-3.1%1.0%0.0x
2019-02—₹297 cr-3.1%1.0%0.0x
2019-01—₹297 cr-3.1%1.0%0.0x

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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