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MOTILAL OSWAL FINANCIAL SERVIC (MOTILALOFS)

Finance · Investment Banks/Brokers · figures to Nov '26

Divergence: price ahead of business (4 months)
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.54 / 100
Profitability 69Growth 73Balance sheet 19
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.62 / 100
Price 96Earnings 13FII/DII 78

Passes these screensPrice ahead of businessNear 52-week high

Compare withBSEBILLIONBRAINS GARAGE VENTURESMULTI COMMODITY EXCHANGE

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,147.3 latest close · +18.5% over the last 90 sessions

₹900₹1,000₹1,100Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹900₹1,000₹1,100Jul 3Sep 4Nov 9

₹1,147.3 month-end · +19.6% over 12 months

₹600₹800₹1,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹600₹800₹1,000Nov '25May '26Nov '26

₹1,147.3 month-end · +282.1% over 3 years

₹500₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹500₹1,000Nov '23May '25Nov '26

₹1,147.3 month-end · +621.8% since Jan '19

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

52-week range ₹614.90 to ₹1182.00 · 1-year volatility 40.6%

Was the rally earned?

+20%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 20.7x to 34.9x); per-share earnings took off 38 points.
  • The share count barely moved.
Net profit growth: −37 pts. Points of the price return explained by net profit growing (or shrinking).−37 ptsNet profit growthP/E change: +57 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+57 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: +20%+20%Share priceNet profit growth: −37 pts. Points of the price return explained by net profit growing (or shrinking).−37ProfitP/E change: +57 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+57P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +20%+20%Share price
Net profit growth-37 ptsNet profit fell about 29%, which lowers the price.
P/E change+57 ptsThe P/E rose from 20.7x to 34.9x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+282%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 155 points and the multiple added 127 points (P/E 19.1x to 34.9x).
  • The share count barely moved.
Net profit growth: +158 pts. Points of the price return explained by net profit growing (or shrinking).+158 ptsNet profit growthP/E change: +127 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+127 ptsP/E changeShare count change: −3 pts. Points of the price return explained by the share count changing. More shares count against the price.−3 ptsShare count changeShare price: +282%+282%Share priceNet profit growth: +158 pts. Points of the price return explained by net profit growing (or shrinking).+158ProfitP/E change: +127 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+127P/EShare count change: −3 pts. Points of the price return explained by the share count changing. More shares count against the price.−3SharesShare price: +282%+282%Share price
Net profit growth+158 ptsNet profit rose about 112%, which lifts the price.
P/E change+127 ptsThe P/E rose from 19.1x to 34.9x, which lifts the price.
Share count change-3 ptsShare count was little changed. More shares would count against the price.
+385%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 11.0x to 34.9x); per-share earnings added 104 points.
  • The share count rose 2%.
Net profit growth: +110 pts. Points of the price return explained by net profit growing (or shrinking).+110 ptsNet profit growthP/E change: +281 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+281 ptsP/E changeShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6 ptsShare count changeShare price: +385%+385%Share priceNet profit growth: +110 pts. Points of the price return explained by net profit growing (or shrinking).+110ProfitP/E change: +281 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+281P/EShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6SharesShare price: +385%+385%Share price
Net profit growth+110 ptsNet profit rose about 57%, which lifts the price.
P/E change+281 ptsThe P/E rose from 11.0x to 34.9x, which lifts the price.
Share count change-6 ptsShare count rose 2%, 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 BSE

How rough has the ride been?

Maximum drawdown-50.8%recovered 2023-11
1-year volatility40.6%annualised
Beta vs sector index1.533-year daily, correlation 0.58
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−50.4% 0%−20%−40%2020202220242026−50.4%
Largest drawdowns

-50.8% (2021-07 peak to 2023-03 low, recovered 2023-11)

-48.6% (2020-01 peak to 2020-03 low, recovered 2021-07)

-45.1% (2024-10 peak to 2025-04 low, recovered 2025-10)

Most recent volume spikes

2026-08-17: 8.3x the 50-day median, price +5.7% that day

2026-07-24: 21.5x the 50-day median, price -7.3% 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?

34.9xP/E todayNear its historic high
Against its own history81st percentile
CheapestMedian 19.6xDearest

Usual range 8.7x to 48.2x since 2019-01.

Against Finance34.9x vs 18.1x
This company
34.9x
Sector median
18.1x

92% above the Finance median.

6.8x26.4x45.9x65.4xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x26.4x45.9x65.4xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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/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 Finance is valued

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

  • ROCE65th▼ 9 pts vs a year ago
  • Op. margin73rdflat vs a year ago
  • Revenue growth54th▼ 3 pts vs a year ago
  • EPS growth23rd▼ 24 pts vs a year ago
  • Debt/equity ↓12th▼ 3 pts vs a year ago
  • Cash cycle ↓20th▼ 6 pts vs a year ago
  • P/E ↓28th▼ 32 pts vs a year ago
  • 12M momentum85th▲ 6 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 Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~22%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 38.1x, a holder earning 12%/yr needs earnings to grow about 22.3%/yr for 10 years, then trade at 15x.

Delivered26.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−4.2 ptsimplied minus delivered
Rank616thmost demanding of 856

Over time

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

0%15%30% Jan 2019Nov 2026 0%15%30% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x23.8%24.9%26.1%
15x21.2%22.3%23.4%
20x17.9%18.9%20.0%

Drag a slider to test other assumptions

Implied: 22.3%/yr

Looking back

  • Jan 2020Price implied 21%/yr; EPS has since grown 30%/yr (7.0 yrs)
  • Jan 2021Price implied 18%/yr; EPS has since grown 47%/yr (6.0 yrs)
  • Jan 2022Price implied 16%/yr; EPS has since grown 8%/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
₹1147.30
P/E
34.9x
ROCE
13.0%
Market Cap
₹69175 cr
Revenue (TTM)
₹10064 cr
P/S
6.9x
P/B
5.4x
ROE
15.4%
Operating Margin
57.0%
Debt / Equity
1.6x
Promoter Holding
67.2%
12M Momentum
19.6%

52-week range

₹614.90₹1182.00
94% of the way from its 52-week low to its high

Price risk

1Y volatility
40.6%
Beta vs sector
1-year daily
1.55

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
-0.76x
low
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 6checks within range2 beyond a threshold
Other income reliance2%Within range

Other income as a share of pre-tax profit (trailing twelve months): 1.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate23%Within range

Median quarterly effective tax rate over about 2.5 years: 23.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.76xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.76x (cash from operations ₹-5,206 cr, net profit ₹6,826 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+59 daysBeyond threshold

Debtor days are above the median of the previous three fiscal years by 59 days (158 vs 99). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress15% of fixed assetsWithin range

Capital work-in-progress is 15% 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 trimmed 2.3 pts; FIIs added 0.6 pts.
  • The number of shareholders rose from 63,583 to 2.3 lakh (+254%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters69.5%67.2%-2.3 pts
FIIs6.3%6.9%+0.6 pts
DIIs6.3%6.8%+0.5 pts
Public and others17.9%19.1%+1.3 pts

Number of shareholders

2.3 lakhshareholders+254% since Sep '23
62k1.4L2.1L2.9L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 63,583
Dec '23: 61,732
Mar '24: 67,231
Jun '24: 1.4 lakh
Sep '24: 1.6 lakh
Dec '24: 2.3 lakh
Mar '25: 2.9 lakh
Jun '25: 2.6 lakh
Sep '25: 2.4 lakh
Dec '25: 2.4 lakh
Mar '26: 2.4 lakh
Jun '26: 2.3 lakh
 62k1.4L2.1L2.9L Sep '23Sep '24Sep '25Jun '26
Sep '23: 63,583
Dec '23: 61,732
Mar '24: 67,231
Jun '24: 1.4 lakh
Sep '24: 1.6 lakh
Dec '24: 2.3 lakh
Mar '25: 2.9 lakh
Jun '25: 2.6 lakh
Sep '25: 2.4 lakh
Dec '25: 2.4 lakh
Mar '26: 2.4 lakh
Jun '26: 2.3 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−15.2%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 MOTILAL OSWAL FINANCIAL SERVIC 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 −24% to +11% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (−12.9%, 80% range −17.8% to +1.9%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DBL · Feb 2021: −67.0% vs market
ASIANTILES · Aug 2020: −60.3% vs market
WELSPUNLIV · Sep 2021: −56.6% vs market
ANURAS · Apr 2023: −50.1% vs market
LEMONTREE · Aug 2025: −40.5% vs market
JMFINANCIL · Jan 2020: −36.3% vs market
IRB · Apr 2024: −34.0% vs market
ERIS · Aug 2025: −33.1% vs market
RELIANCE · Aug 2020: −31.8% vs market
PHOENIXLTD · Jan 2020: −28.3% vs market
KIRLOSENG · Apr 2024: −28.1% vs market
TORNTPHARM · Jul 2020: −26.4% vs market
TATACOMM · Sep 2023: −23.9% vs market
POWERGRID · Mar 2020: −23.8% vs market
JSWINFRA · Mar 2025: −22.6% vs market
NHPC · May 2024: −22.5% vs market
SAMHI · Jun 2025: −21.6% vs market
CRAFTSMAN · May 2023: −21.0% vs market
BHARTIHEXA · May 2025: −20.1% vs market
ASTERDM · Jan 2020: −19.3% vs market
BRIGADE · May 2024: −18.9% vs market
JKCEMENT · May 2023: −15.9% vs market
ASAHIINDIA · Jul 2022: −15.8% vs market
TATAPOWER · Apr 2024: −15.8% vs market
TORNTPOWER · Mar 2020: −15.5% vs market
ADANIPORTS · Mar 2024: −14.9% vs market
RAINBOW · May 2023: −8.4% vs market
CHALET · Nov 2024: −4.1% vs market
JSWENERGY · Mar 2024: −1.8% vs market
AARTIIND · Jan 2020: −1.2% vs market
BHARATFORG · Jan 2023: +1.6% vs market
BIOCON · Jul 2025: +3.2% vs market
SJVN · Nov 2023: +4.6% vs market
BHARTIARTL · Mar 2025: +5.7% vs market
ADANIPOWER · Mar 2022: +9.0% vs market
M&M · Aug 2022: +10.0% vs market
ZYDUSLIFE · Apr 2020: +10.4% vs market
INDUSTOWER · Mar 2024: +10.8% vs market
KALYANKJIL · Feb 2024: +21.4% vs market
JSWSTEEL · Mar 2021: +26.6% vs market
PRESTIGE · Nov 2023: +27.3% vs market
APOLLOHOSP · Sep 2020: +27.5% vs market
TVSMOTOR · Jul 2022: +32.2% vs market
HATSUN · Oct 2020: +39.1% vs market
SRF · Oct 2020: +50.1% vs market
PRIVISCL · Apr 2025: +59.8% vs market
INDHOTEL · May 2021: +61.0% vs market
VBL · Jun 2022: +69.1% vs market
JBMA · Mar 2023: +88.5% vs market
ADANIENT · Oct 2020: +162.5% vs market
Similar setups −15.2%All companies −2.3%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge

Similar setups' median
−15.2%
All companies' median
−2.3%
Beat the market
40% vs 48%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BHARTIHEXA
Communications		 May 2025 73x14% +79%0% −20%
JSWENERGY
Utilities		 Mar 2024 59x7% +120%0% −2%
LEMONTREE
Consumer Services		 Aug 2025 67x13% +23%−2% −41%
ADANIPORTS
Transportation		 Mar 2024 55x10% +112%0% −15%
PRESTIGE
Finance		 Nov 2023 43x10% +111%0% +27%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JMFINANCIL
Finance		 Jan 2020 16x13% +36%−3% −36%
AARTIIND
Process Industries		 Jan 2020 35x18% +21%0% −1%
BRIGADE
Finance		 May 2024 102x8% +128%0% −19%
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: ROCE, 12-month momentum and interest cover. 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 MOTILAL OSWAL FINANCIAL SERVIC. 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.

ADANI ENERGY SOLUTIONSADANIENSOL
Utilities
71%similar
revenue growthdebt/equity
ADANI PORT AND SPECIAL ECONOADANIPORTS
Transportation
70%similar
operating marginP/E
JSW INFRASTRUCTUREJSWINFRA
Industrial Services
66%similar
market capoperating margin
ADANI GREEN ENERGYADANIGREEN
Utilities
62%similar
revenueoperating margin
JSW ENERGYJSWENERGY
Utilities
61%similar
operating marginpromoter holding
LODHA DEVELOPERSLODHA
Finance
67%similar
volatilitymarket cap
NUVAMA WEALTH MANAGEMENTNUVAMA
Finance
63%similar
operating marginrevenue growth
PURAVANKARAPURVA
Finance
55%similar
debt/equityrevenue growth

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

What changed?

30 events since Nov '23

  1. NovPriceRegained the 2025-10 peak, 8 months after the low.
  2. SepPeer rankMoved into the 2nd quartile of Finance on operating margin (from the 3rd quartile).
  3. JulPriceVolume reached 21.5x its 50-day median on 2026-07-24; price -7.3% that day.
  4. JunResultsRevenue (TTM) reached a new high of ₹9,375 cr.
  5. JunPeer rankSlipped to the 3rd quartile of Finance on operating margin (from the 2nd quartile).
  6. AprPriceVolume reached 5.2x its 50-day median on 2026-04-30; price +1.9% that day.
  7. MarPriceFell 42% from the Oct 2025 peak to the Mar 2026 low.
  8. MarPeer rankSlipped to the bottom quartile of Finance on EPS growth (from the 3rd quartile).
Show 22 earlier events
  1. JanPriceVolume reached 8.0x its 50-day median on 2026-01-28; price +7.9% that day.
  2. NovPeer rankSlipped to the 2nd quartile of Finance on ROCE (from the top quartile).
  3. OctPriceRegained the 2024-10 peak, 6 months after the low.
  4. OctPriceVolume reached 7.5x its 50-day median on 2025-10-31; price -4.6% that day.
  5. SepResultsYear-on-year EPS growth turned negative.
  6. SepPeer rankMoved into the top quartile of Finance on operating margin (from the 3rd quartile).
  7. JulPriceVolume reached 5.7x its 50-day median on 2025-07-03; price +8.6% that day.
  8. JunPeer rankSlipped to the 3rd quartile of Finance on operating margin (from the 2nd quartile).
  9. AprPriceFell 45% from the Oct 2024 peak to the Apr 2025 low.
  10. MarPeer rankSlipped to the 2nd quartile of Finance on operating margin (from the top quartile).
  11. FebPeer rankMoved into the top quartile of Finance on ROCE (from the 2nd quartile).
  12. FebPriceVolume reached 12.9x its 50-day median on 2025-02-05; price +9.2% that day.
  13. DecPeer rankSlipped to the 2nd quartile of Finance on ROCE (from the top quartile).
  14. OctPriceVolume reached 15.8x its 50-day median on 2024-10-18; price +10.8% that day.
  15. AugPriceVolume reached 7.6x its 50-day median on 2024-08-26; price +9.1% that day.
  16. JunResultsYear-on-year EPS growth turned positive.
  17. JunPeer rankMoved into the top quartile of Finance on ROCE (from the 2nd quartile).
  18. AprPriceRegained the 2024-02 peak, 1 month after the low.
  19. AprPriceVolume reached 9.0x its 50-day median on 2024-04-26; price +5.4% that day.
  20. MarPriceFell 26% from the Feb 2024 peak to the Mar 2024 low.
  21. JanPriceVolume reached 6.5x its 50-day median on 2024-01-24; price +10.4% that day.
  22. NovPriceRegained the 2021-07 peak, 8 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1134.9x₹10064 cr15.4%13.0%1.6x
2026-1028.6x₹10064 cr15.4%13.0%1.6x
2026-0930.2x₹10064 cr15.4%13.0%1.6x
2026-0833.5x₹9375 cr14.5%13.0%1.6x
2026-0727.3x₹9375 cr14.5%13.0%1.6x
2026-0630.5x₹9375 cr14.5%13.0%1.6x
2026-0526.1x₹7889 cr18.3%19.0%1.3x
2026-0423.7x₹7889 cr18.3%19.0%1.3x
2026-0318.7x₹7889 cr18.3%19.0%1.3x
2026-0221.5x₹7770 cr18.3%19.0%1.3x
2026-0122.3x₹7770 cr18.3%19.0%1.3x
2025-1225.3x₹7770 cr18.3%19.0%1.3x
2025-1120.7x₹8761 cr25.2%19.0%1.3x
2025-1021.1x₹8761 cr25.2%19.0%1.3x
2025-0919.2x₹8761 cr25.2%19.0%1.3x
2025-0820.5x₹8338 cr22.6%19.0%1.3x
2025-0721.8x₹8338 cr22.6%19.0%1.3x
2025-0620.8x₹8338 cr22.6%19.0%1.3x
2025-0514.7x₹9302 cr37.8%21.0%1.6x
2025-0411.9x₹9302 cr37.8%21.0%1.6x
2025-0311.2x₹9302 cr37.8%21.0%1.6x
2025-0210.4x₹9100 cr38.8%21.0%1.6x
2025-0111.2x₹9100 cr38.8%21.0%1.6x
2024-1216.8x₹9100 cr38.8%21.0%1.6x
2024-1119.6x₹7914 cr32.1%21.0%1.6x
2024-1020.0x₹7914 cr32.1%21.0%1.6x
2024-0916.2x₹7914 cr32.1%21.0%1.6x
2024-0817.6x₹7069 cr28.0%21.0%1.6x
2024-0716.1x₹7069 cr28.0%21.0%1.6x
2024-0615.0x₹7069 cr28.0%21.0%1.6x
2024-0535.3x₹4178 cr15.0%13.0%1.6x
2024-0437.8x₹4178 cr15.0%13.0%1.6x
2024-0326.5x₹4178 cr15.0%13.0%1.6x
2024-0225.7x₹4178 cr15.0%13.0%1.6x
2024-0128.4x₹4178 cr15.0%13.0%1.6x
2023-1219.7x₹4178 cr15.0%13.0%1.6x
2023-1119.1x₹4178 cr15.0%13.0%1.6x
2023-1016.5x₹4178 cr15.0%13.0%1.6x
2023-0914.0x₹4178 cr15.0%13.0%1.6x
2023-0814.6x₹4178 cr15.0%13.0%1.6x
2023-0713.3x₹4178 cr15.0%13.0%1.6x
2023-0611.6x₹4178 cr15.0%13.0%1.6x
2023-057.3x₹4298 cr23.1%19.0%1.1x
2023-047.0x₹4298 cr23.1%19.0%1.1x
2023-036.9x₹4298 cr23.1%19.0%1.1x
2023-026.8x₹4298 cr23.1%19.0%1.1x
2023-017.8x₹4298 cr23.1%19.0%1.1x
2022-127.8x₹4298 cr23.1%19.0%1.1x
2022-117.5x₹4298 cr23.1%19.0%1.1x
2022-107.8x₹4298 cr23.1%19.0%1.1x
2022-098.3x₹4298 cr23.1%19.0%1.1x
2022-088.8x₹4298 cr23.1%19.0%1.1x
2022-078.7x₹4298 cr23.1%19.0%1.1x
2022-068.7x₹4298 cr23.1%19.0%1.1x
2022-059.2x₹3626 cr28.4%22.0%1.3x
2022-0410.5x₹3626 cr28.4%22.0%1.3x
2022-0310.1x₹3626 cr28.4%22.0%1.3x
2022-0210.2x₹3626 cr28.4%22.0%1.3x
2022-0110.3x₹3626 cr28.4%22.0%1.3x
2021-1210.7x₹3626 cr28.4%22.0%1.3x

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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