Share price
₹1,073.5 latest close · −11.9% over the last 90 sessions
₹1,073.5 month-end · +22.6% over 12 months
₹1,073.5 month-end · +156.7% over 3 years
₹1,073.5 month-end · +687.6% since Jan '19
52-week range ₹795.80 to ₹1269.50 · 1-year volatility 40.1%
Was the rally earned?
Mostly yes.
- Per-share earnings added 21 points to the rise, while the multiple moved less (P/E 41.1x to 41.8x).
- The share count barely moved.
Mostly yes.
- Per-share earnings added 132 points to the rise, while the multiple moved less (P/E 36.0x to 41.8x).
- The share count rose 3%.
Mostly yes.
- Per-share earnings added 151 points to the rise, while the multiple moved less (P/E 33.2x to 41.8x).
- The share count rose 4%.
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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-56.4% (2021-10 peak to 2023-03 low, recovered 2024-01)
-51.3% (2020-02 peak to 2020-03 low, recovered 2021-09)
-36.3% (2024-12 peak to 2025-02 low, recovered 2025-06)
Most recent volume spikes
2026-08-31: 7.9x the 50-day median, price -1.9% 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?
Usual range 22.7x to 48.4x since 2019-01.
131% 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
- ROCE97th▲ 4 pts vs a year ago
- Op. margin81st▲ 5 pts vs a year ago
- Revenue growth63rd▼ 16 pts vs a year ago
- EPS growth66th▲ 5 pts vs a year ago
- Debt/equity ↓69thflat vs a year ago
- Cash cycle ↓67thflat vs a year ago
- P/E ↓23rd▼ 7 pts vs a year ago
- 12M momentum86th▼ 3 pts 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 63.6x, the price would imply about 25.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
This model is not meaningful for insurers, asset managers and holding companies.
“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
- ₹1073.50
- P/E
- 41.8x
- ROCE
- 44.0%
- Market Cap
- ₹68709 cr
- Revenue (TTM)
- ₹2869 cr
- P/S
- 23.9x
- P/B
- 14.7x
- ROE
- 35.3%
- Operating Margin
- 66.0%
- Debt / Equity
- 0.0x
- Promoter Holding
- 71.8%
- 12M Momentum
- 22.6%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance12%Within range
Other income as a share of pre-tax profit (trailing twelve months): 11.7%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate24%Within range
Median quarterly effective tax rate over about 2.5 years: 24.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.88xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 0.88x (cash from operations ₹3,443 cr, net profit ₹3,922 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-13 daysWithin range
Debtor days are below the median of the previous three fiscal years by 13 days (10 vs 23). 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.
Who has been buying and selling?
- Over 3 years, FIIs added 2.0 pts; promoters trimmed 1.7 pts; DIIs added 0.9 pts.
- The number of shareholders rose from 1.7 lakh to 2.0 lakh (+16%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
This comparison is not meaningful for insurers, asset managers and holding companies.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Jan '21
- OctPriceFell 28% from the Aug 2026 peak to the Oct 2026 low.
- AugPriceVolume reached 7.9x its 50-day median on 2026-08-31; price -1.9% that day.
- MayValuationP/E crossed above the 90th percentile of its own history to date (48.5x).
- AprPriceVolume reached 5.4x its 50-day median on 2026-04-28; price +3.4% that day.
- JanPriceVolume reached 6.4x its 50-day median on 2026-01-30; price +1.9% that day.
- DecPriceVolume reached 12.9x its 50-day median on 2025-12-18; price +5.8% that day.
- JunPriceRegained the 2024-12 peak, 4 months after the low.
- MarResultsRevenue (TTM) reached a new high of ₹2,132 cr.
Show 22 earlier events
- FebPriceFell 36% from the Dec 2024 peak to the Feb 2025 low.
- DecPriceVolume reached 10.9x its 50-day median on 2024-12-10; price +9.7% that day.
- JunResultsYear-on-year EPS growth turned positive.
- AprValuationP/E crossed above the 90th percentile of its own history to date (50.7x).
- AprPriceVolume reached 5.0x its 50-day median on 2024-04-24; price +3.9% that day.
- JanPriceRegained the 2021-10 peak, 10 months after the low.
- OctPriceVolume reached 17.1x its 50-day median on 2023-10-12; price +8.1% that day.
- JulPriceVolume reached 9.4x its 50-day median on 2023-07-20; price +4.8% that day.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
- JunPriceVolume reached 49.8x its 50-day median on 2023-06-30; price +11.6% that day.
- MarPriceFell 56% from the Oct 2021 peak to the Mar 2023 low.
- OctPriceVolume reached 5.7x its 50-day median on 2022-10-20; price +1.9% that day.
- AugPriceVolume reached 5.9x its 50-day median on 2022-08-16; price +2.1% that day.
- JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
- FebValuationP/E fell below the 10th percentile of its own history to date (27.9x).
- SepPriceRegained the 2020-02 peak, 18 months after the low.
- JulPriceVolume reached 16.8x its 50-day median on 2021-07-16; price +5.6% that day.
- JunResultsYear-on-year EPS growth turned positive.
- MayPriceVolume reached 9.6x its 50-day median on 2021-05-31; price +6.3% that day.
- JanValuationP/E crossed above the 90th percentile of its own history to date (47.5x).
- JanPriceVolume reached 10.6x its 50-day median on 2021-01-15; price +6.2% that day.
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
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 41.8x | ₹2869 cr | 35.3% | 44.0% | 0.0x |
| 2026-10 | 35.3x | ₹2869 cr | 35.2% | 44.0% | 0.0x |
| 2026-09 | 41.7x | ₹2869 cr | 35.2% | 44.0% | 0.0x |
| 2026-08 | 48.8x | ₹2709 cr | 32.8% | 44.0% | 0.0x |
| 2026-07 | 48.4x | ₹2709 cr | 32.8% | 44.0% | 0.0x |
| 2026-06 | 48.4x | ₹2709 cr | 32.8% | 44.0% | 0.0x |
| 2026-05 | 48.5x | ₹2537 cr | 34.3% | 41.0% | 0.0x |
| 2026-04 | 44.5x | ₹2537 cr | 34.3% | 41.0% | 0.0x |
| 2026-03 | 35.3x | ₹2537 cr | 34.3% | 41.0% | 0.0x |
| 2026-02 | 44.3x | ₹2420 cr | 31.7% | 41.0% | 0.0x |
| 2026-01 | 41.8x | ₹2420 cr | 31.7% | 41.0% | 0.0x |
| 2025-12 | 41.9x | ₹2420 cr | 31.7% | 41.0% | 0.0x |
| 2025-11 | 41.1x | ₹2333 cr | 32.0% | 41.0% | 0.0x |
| 2025-10 | 41.1x | ₹2333 cr | 32.0% | 41.0% | 0.0x |
| 2025-09 | 40.8x | ₹2333 cr | 32.0% | 41.0% | 0.0x |
| 2025-08 | 38.6x | ₹2231 cr | 30.5% | 41.0% | 0.0x |
| 2025-07 | 40.0x | ₹2231 cr | 30.5% | 41.0% | 0.0x |
| 2025-06 | 39.4x | ₹2231 cr | 30.5% | 41.0% | 0.0x |
| 2025-05 | 35.2x | ₹2132 cr | 33.4% | 36.0% | 0.0x |
| 2025-04 | 30.3x | ₹2132 cr | 33.4% | 36.0% | 0.0x |
| 2025-03 | 27.5x | ₹2132 cr | 33.4% | 36.0% | 0.0x |
| 2025-02 | 24.5x | ₹1967 cr | 33.1% | 36.0% | 0.0x |
| 2025-01 | 27.9x | ₹1967 cr | 33.1% | 36.0% | 0.0x |
| 2024-12 | 34.8x | ₹1967 cr | 33.1% | 36.0% | 0.0x |
| 2024-11 | 35.8x | ₹1793 cr | 30.2% | 36.0% | 0.0x |
| 2024-10 | 37.0x | ₹1793 cr | 30.2% | 36.0% | 0.0x |
| 2024-09 | 34.0x | ₹1793 cr | 30.2% | 36.0% | 0.0x |
| 2024-08 | 38.3x | ₹2036 cr | 27.8% | 36.0% | 0.0x |
| 2024-07 | 36.7x | ₹2036 cr | 27.8% | 36.0% | 0.0x |
| 2024-06 | 36.7x | ₹2036 cr | 27.8% | 36.0% | 0.0x |
| 2024-05 | 51.5x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2024-04 | 50.7x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2024-03 | 40.6x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2024-02 | 44.4x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2024-01 | 45.2x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2023-12 | 38.6x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2023-11 | 36.0x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2023-10 | 33.7x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2023-09 | 28.2x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2023-08 | 26.9x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2023-07 | 27.2x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2023-06 | 24.8x | ₹1512 cr | 20.6% | 27.0% | 0.0x |
| 2023-05 | 20.9x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2023-04 | 19.9x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2023-03 | 17.6x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2023-02 | 18.5x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2023-01 | 20.8x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2022-12 | 20.8x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2022-11 | 22.7x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2022-10 | 22.6x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2022-09 | 22.5x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2022-08 | 25.2x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2022-07 | 23.4x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2022-06 | 22.7x | ₹1533 cr | 21.4% | 30.0% | 0.0x |
| 2022-05 | 25.7x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2022-04 | 28.7x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2022-03 | 31.5x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2022-02 | 27.9x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2022-01 | 31.1x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2021-12 | 31.9x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2021-11 | 33.2x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2021-10 | 37.9x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2021-09 | 38.5x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2021-08 | 38.4x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2021-07 | 36.2x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2021-06 | 33.2x | ₹1419 cr | 21.9% | 31.0% | 0.0x |
| 2021-05 | 54.6x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2021-04 | 50.4x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2021-03 | 49.9x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2021-02 | 48.6x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2021-01 | 47.5x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2020-12 | 43.9x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2020-11 | 42.8x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2020-10 | 40.1x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2020-09 | 38.7x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2020-08 | 40.2x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2020-07 | 39.2x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2020-06 | 46.4x | ₹1192 cr | 16.0% | 22.0% | 0.0x |
| 2020-05 | 32.1x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2020-04 | 31.1x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2020-03 | 31.4x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2020-02 | 49.2x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2020-01 | 45.8x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2019-12 | 44.6x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2019-11 | 45.4x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2019-10 | 45.6x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2019-09 | 32.8x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2019-08 | 34.4x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2019-07 | 28.6x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2019-06 | 27.9x | ₹1647 cr | 18.9% | 28.0% | 0.0x |
| 2019-05 | 29.6x | ₹1735 cr | 19.3% | 31.0% | 0.0x |
| 2019-04 | 26.6x | ₹1735 cr | 19.3% | 31.0% | 0.0x |
| 2019-03 | 28.1x | ₹1735 cr | 19.3% | 31.0% | 0.0x |
| 2019-02 | 24.5x | ₹1735 cr | 19.3% | 31.0% | 0.0x |
| 2019-01 | 18.3x | ₹1735 cr | 19.3% | 31.0% | 0.0x |