NARAYANA HRUDAYALAYA LIMITED (NH): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹1,891.7 latest close · −5.5% over the last 90 sessions

₹1,891.7 month-end · −2.8% over 12 months

₹1,891.7 month-end · +54.3% over 3 years

₹1,891.7 month-end · +898.5% since Jan '19

52-week range ₹1589.00 to ₹2093.30 · 1-year volatility 31.0%

Was the rally earned?

1 year3 years

-3%share price, 1 yearRoughly flat

The share price was roughly flat over 1 year (-3%).
The share count barely moved.

Net profit growth+4 ptsNet profit rose about 4%, which lifts the price.

P/E change-7 ptsThe P/E fell from 50.6x to 47.4x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

+54%share price, 3 yearsEarnings-driven

Mostly yes.

Per-share earnings added 37 points to the rise, while the multiple moved less (P/E 41.3x to 47.4x).
The share count barely moved.

Net profit growth+37 ptsNet profit rose about 34%, which lifts the price.

P/E change+17 ptsThe P/E rose from 41.3x to 47.4x, which lifts the price.

Share count change0 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.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with APOLLO HOSPITALS ENTERPRISES L

How rough has the ride been?

Maximum drawdown-40.3%recovered 2020-11

1-year volatility31.0%annualised

Beta vs sector index0.663-year daily, correlation 0.36

Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-40.3% (2020-01 peak to 2020-03 low, recovered 2020-11)

-29.1% (2025-06 peak to 2026-03 low, not yet recovered)

-24.2% (2021-02 peak to 2021-03 low, recovered 2021-07)

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?

47.4xP/E todayWithin its usual range

Against its own history57th percentile

CheapestMedian 45.9xDearest

Usual range 33.7x to 85.2x since 2019-01.

Against Health Services47.4x vs 50.9x

This company

47.4x

Sector median

50.9x

7% below the Health Services median.

P/EP/BP/S

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

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianHealth 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 Health Services is valued

Where does it rank among Health Services peers?

Each cell is the company's percentile rank among its Health 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

ROCE51st▼ 29 pts vs a year ago
Op. margin22nd▼ 24 pts vs a year ago
Revenue growth94th▲ 58 pts vs a year ago
EPS growth31st▲ 3 pts vs a year ago
Debt/equity ↓11th▼ 4 pts vs a year ago
Cash cycle ↓98th▲ 10 pts vs a year ago
P/E ↓56th▼ 3 pts vs a year ago
12M momentum49th▼ 41 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 Health Services sector page Watch it move against Health Services in the Observatory

What is the price implying?

~28%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 57.9x, a holder earning 12%/yr needs earnings to grow about 27.7%/yr for 10 years, then trade at 15x.

Delivered43.2%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg

Gap−15.5 ptsimplied minus delivered

Rank755thmost demanding of 856

Over time

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

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	29.3%	30.5%	31.7%
15x	26.6%	27.7%	28.8%
20x	23.1%	24.2%	25.3%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 27.7%/yr

Looking back

Jan 2020Price implied 45%/yr; EPS has since grown 45%/yr (7.0 yrs)
Jan 2021Price implied 40%/yr; EPS has since grown 38%/yr (6.0 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 Health Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹1891.70
P/E: 47.4x
ROCE: 16.0%
Market Cap: ₹38663 cr
Revenue (TTM): ₹9073 cr
P/S: 4.3x
P/B: 8.5x
ROE: 18.0%
Operating Margin: 17.0%
Debt / Equity: 1.3x
Promoter Holding: 63.3%
12M Momentum: -2.8%

52-week range

₹1589.00₹2093.30

60% of the way from its 52-week low to its high

Price risk

1Y volatility

31.0%

Beta vs sector

1-year daily

0.84

Balance sheet & cash

Interest cover

operating profit ÷ interest

4.5x

Cash from profit, 3Y

operating cash flow ÷ net profit

1.54x

Share count, 1Y

unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold

Other income reliance6%Within range

Other income as a share of pre-tax profit (trailing twelve months): 5.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate15%Within range

Median quarterly effective tax rate over about 2.5 years: 15.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.54xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.54x (cash from operations ₹3,674 cr, net profit ₹2,387 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-5 daysWithin range

Debtor days are below the median of the previous three fiscal years by 5 days (30 vs 35). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress4% of fixed assetsWithin range

Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+34 days / 2 yrsNear threshold

Days payable changed by +34 over two years. Bands: rise of up to 30 days; more than 30 days.

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, FIIs trimmed 2.1 pts; DIIs trimmed 1.2 pts; promoters trimmed 0.6 pts.
The number of shareholders rose from 1.2 lakh to 2.1 lakh (+75%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters63.9%63.3%-0.6 pts

FIIs11.5%9.4%-2.1 pts

DIIs10.2%9.1%-1.2 pts

Public and others13.8%17.6%+3.9 pts

Number of shareholders

2.1 lakhshareholders+75% since Dec '23

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

−2.2%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 NARAYANA HRUDAYALAYA 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 −18% to +26% vs the market, against −4% for all non-financial companies in the same months.
The gap against the base rate (+1.8%, 80% range −7.5% to +8.3%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 3 beyond the range shown, drawn at the edge

Similar setups' median

−2.2%

All companies' median

−4.0%

Beat the market

48% vs 46%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
APOLLOHOSP Health Services	Aug 2020	50x	14%	+8%	−9%	+91%
VBL Consumer Non-Durables	Mar 2022	59x	17%	+41%	−6%	+133%
BHARATFORG Producer Manufacturing	Jul 2024	85x	13%	+86%	−3%	−28%
JKCEMENT Non-Energy Minerals	Feb 2021	42x	17%	+94%	−3%	−12%
CRAFTSMAN Producer Manufacturing	Sep 2024	49x	20%	+40%	−2%	+14%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
TVSMOTOR Consumer Durables	Mar 2020	20x	16%	−37%	−43%	+9%
ADANIENSOL Utilities	Dec 2020	65x	11%	+32%	−1%	+195%
TIINDIA Non-Energy Minerals	Oct 2021	98x	13%	+113%	−8%	+89%

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, drawdown from 12-month high 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 NARAYANA HRUDAYALAYA 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

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

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.

TITAN COMPANYTITAN

Consumer Durables

65%similar

debt/equityrevenue growth

TORRENT PHARMACEUTICALSTORNTPHARM

Health Technology

65%similar

debt/equityROCE

LARSEN AND TOUBROLT

Industrial Services

64%similar

debt/equityROCE

MANKIND PHARMAMANKIND

Health Technology

63%similar

P/Erevenue

PRESTIGE ESTATES PROJECTS LIMIPRESTIGE

Finance

63%similar

debt/equitymarket cap

RAINBOW CHILDRENS MEDICARERAINBOW

Health Services

50%similar

EPS growthP/E

HEALTHCARE GLOBAL ENTPHCG

Health Services

49%similar

debt/equitypromoter holding

ASTER DM QUALITY CAREASTERDM

Health Services

48%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 '23

2026
SepPeer rankSlipped to the bottom quartile of Health Services on operating margin (from the 3rd quartile).
JunResultsYear-on-year EPS growth turned positive.
JunDebtDebt / equity rose above 1.0x (1.29x).
MayPriceVolume reached 5.6x its 50-day median on 2026-05-25; price +4.5% that day.
MarResultsYear-on-year EPS growth turned negative.
MarPriceFell 29% from the Jun 2025 peak to the Mar 2026 low.
MarPeer rankSlipped to the 3rd quartile of Health Services on operating margin (from the 2nd quartile).
FebPeer rankSlipped to the 3rd quartile of Health Services on EPS growth (from the 2nd quartile).

Show 22 earlier events

2026
JanPeer rankSlipped to the 2nd quartile of Health Services on ROCE (from the top quartile).
2025
DecResultsYear-on-year EPS growth turned positive.
DecPeer rankMoved into the 2nd quartile of Health Services on operating margin (from the 3rd quartile).
NovPriceVolume reached 55.1x its 50-day median on 2025-11-17; price +14.5% that day.
SepResultsYear-on-year EPS growth turned negative.
SepPeer rankSlipped to the 3rd quartile of Health Services on operating margin (from the 2nd quartile).
JulPriceVolume reached 7.0x its 50-day median on 2025-07-03; price +1.2% that day.
JunPeer rankSlipped to the 3rd quartile of Health Services on EPS growth (from the 2nd quartile).
MayPriceVolume reached 7.8x its 50-day median on 2025-05-26; price +3.0% that day.
MarPeer rankMoved into the 2nd quartile of Health Services on operating margin (from the 3rd quartile).
MarPriceVolume reached 50.8x its 50-day median on 2025-03-03; price +11.8% that day.
2024
DecPeer rankSlipped to the 3rd quartile of Health Services on operating margin (from the 2nd quartile).
SepInstitutionsFII + DII holding fell 3.5 pts over 2 quarters to 18.2%.
SepPeer rankSlipped to the 2nd quartile of Health Services on EPS growth (from the top quartile).
JunResultsRevenue (TTM) reached a new high of ₹4,890 cr.
JunValuationP/E fell below the 10th percentile of its own history to date (31.2x).
MarPriceVolume reached 5.0x its 50-day median on 2024-03-11; price +8.2% that day.
2023
NovPriceVolume reached 7.3x its 50-day median on 2023-11-17; price +7.1% that day.
SepPriceVolume reached 9.9x its 50-day median on 2023-09-14; price +5.5% that day.
JunResultsRevenue (TTM) reached a new high of ₹4,525 cr.
JunValuationP/E fell below the 10th percentile of its own history to date (33.5x).
JunPeer rankMoved into the top quartile of Health Services on ROCE (from the 2nd 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

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	47.4x	₹9073 cr	18.0%	16.0%	1.3x
2026-10	43.1x	₹9073 cr	18.0%	16.0%	1.3x
2026-09	44.9x	₹9073 cr	18.0%	16.0%	1.3x
2026-08	48.4x	₹7896 cr	17.8%	16.0%	1.3x
2026-07	51.5x	₹7896 cr	17.8%	16.0%	1.3x
2026-06	50.0x	₹7896 cr	17.8%	16.0%	1.3x
2026-05	49.7x	₹6777 cr	21.5%	21.0%	0.7x
2026-04	46.4x	₹6777 cr	21.5%	21.0%	0.7x
2026-03	42.1x	₹6777 cr	21.5%	21.0%	0.7x
2026-02	44.3x	₹5961 cr	23.3%	21.0%	0.7x
2026-01	42.8x	₹5961 cr	23.3%	21.0%	0.7x
2025-12	45.8x	₹5961 cr	23.3%	21.0%	0.7x
2025-11	50.6x	₹5684 cr	21.7%	21.0%	0.7x
2025-10	45.7x	₹5684 cr	21.7%	21.0%	0.7x
2025-09	45.2x	₹5684 cr	21.7%	21.0%	0.7x
2025-08	45.4x	₹5483 cr	21.8%	21.0%	0.7x
2025-07	49.5x	₹5483 cr	21.8%	21.0%	0.7x
2025-06	56.1x	₹5483 cr	21.8%	21.0%	0.7x
2025-05	45.5x	₹5254 cr	27.2%	26.0%	0.6x
2025-04	45.9x	₹5254 cr	27.2%	26.0%	0.6x
2025-03	44.1x	₹5254 cr	27.2%	26.0%	0.6x
2025-02	37.9x	₹5123 cr	27.1%	26.0%	0.6x
2025-01	36.4x	₹5123 cr	27.1%	26.0%	0.6x
2024-12	33.4x	₹5123 cr	27.1%	26.0%	0.6x
2024-11	32.1x	₹5061 cr	28.0%	26.0%	0.6x
2024-10	32.2x	₹5061 cr	28.0%	26.0%	0.6x
2024-09	31.7x	₹5061 cr	28.0%	26.0%	0.6x
2024-08	32.9x	₹4890 cr	27.4%	26.0%	0.6x
2024-07	32.5x	₹4890 cr	27.4%	26.0%	0.6x
2024-06	31.2x	₹4890 cr	27.4%	26.0%	0.6x
2024-05	40.1x	₹4525 cr	28.5%	32.0%	0.4x
2024-04	43.4x	₹4525 cr	28.5%	32.0%	0.4x
2024-03	43.3x	₹4525 cr	28.5%	32.0%	0.4x
2024-02	45.2x	₹4525 cr	28.5%	32.0%	0.4x
2024-01	44.4x	₹4525 cr	28.5%	32.0%	0.4x
2023-12	40.5x	₹4525 cr	28.5%	32.0%	0.4x
2023-11	41.3x	₹4525 cr	28.5%	32.0%	0.4x
2023-10	33.6x	₹4525 cr	28.5%	32.0%	0.4x
2023-09	36.6x	₹4525 cr	28.5%	32.0%	0.4x
2023-08	35.0x	₹4525 cr	28.5%	32.0%	0.4x
2023-07	34.1x	₹4525 cr	28.5%	32.0%	0.4x
2023-06	33.5x	₹4525 cr	28.5%	32.0%	0.4x
2023-05	53.4x	₹3701 cr	23.0%	25.0%	0.5x
2023-04	45.5x	₹3701 cr	23.0%	25.0%	0.5x
2023-03	46.3x	₹3701 cr	23.0%	25.0%	0.5x
2023-02	44.8x	₹3701 cr	23.0%	25.0%	0.5x
2023-01	43.4x	₹3701 cr	23.0%	25.0%	0.5x
2022-12	45.5x	₹3701 cr	23.0%	25.0%	0.5x
2022-11	44.4x	₹3701 cr	23.0%	25.0%	0.5x
2022-10	47.3x	₹3701 cr	23.0%	25.0%	0.5x
2022-09	43.0x	₹3701 cr	23.0%	25.0%	0.5x
2022-08	41.8x	₹3701 cr	23.0%	25.0%	0.5x
2022-07	39.4x	₹3701 cr	23.0%	25.0%	0.5x
2022-06	37.8x	₹3701 cr	23.0%	25.0%	0.5x
2022-05	—	₹2583 cr	-1.3%	2.0%	0.7x
2022-04	—	₹2583 cr	-1.3%	2.0%	0.7x
2022-03	—	₹2583 cr	-1.3%	2.0%	0.7x
2022-02	—	₹2583 cr	-1.3%	2.0%	0.7x
2022-01	—	₹2583 cr	-1.3%	2.0%	0.7x
2021-12	—	₹2583 cr	-1.3%	2.0%	0.7x
2021-11	—	₹2583 cr	-1.3%	2.0%	0.7x
2021-10	—	₹2583 cr	-1.3%	2.0%	0.7x
2021-09	—	₹2583 cr	-1.3%	2.0%	0.7x
2021-08	—	₹2583 cr	-1.3%	2.0%	0.7x
2021-07	—	₹2583 cr	-1.3%	2.0%	0.7x
2021-06	—	₹2583 cr	-1.3%	2.0%	0.7x
2021-05	75.3x	₹3128 cr	10.5%	14.0%	0.8x
2021-04	69.9x	₹3128 cr	10.5%	14.0%	0.8x
2021-03	69.7x	₹3128 cr	10.5%	14.0%	0.8x
2021-02	74.1x	₹3128 cr	10.5%	14.0%	0.8x
2021-01	76.6x	₹3128 cr	10.5%	14.0%	0.8x
2020-12	77.0x	₹3128 cr	10.5%	14.0%	0.8x
2020-11	66.4x	₹3128 cr	10.5%	14.0%	0.8x
2020-10	58.8x	₹3128 cr	10.5%	14.0%	0.8x
2020-09	61.5x	₹3128 cr	10.5%	14.0%	0.8x
2020-08	55.6x	₹3128 cr	10.5%	14.0%	0.8x
2020-07	49.8x	₹3128 cr	10.5%	14.0%	0.8x
2020-06	46.0x	₹3128 cr	10.5%	14.0%	0.8x
2020-05	94.1x	₹2861 cr	5.5%	9.0%	0.8x
2020-04	96.4x	₹2861 cr	5.5%	9.0%	0.8x
2020-03	85.3x	₹2861 cr	5.5%	9.0%	0.8x
2020-02	115.1x	₹2861 cr	5.5%	9.0%	0.8x
2020-01	130.3x	₹2861 cr	5.5%	9.0%	0.8x
2019-12	106.0x	₹2861 cr	5.5%	9.0%	0.8x
2019-11	102.1x	₹2861 cr	5.5%	9.0%	0.8x
2019-10	91.7x	₹2861 cr	5.5%	9.0%	0.8x
2019-09	77.3x	₹2861 cr	5.5%	9.0%	0.8x
2019-08	81.3x	₹2861 cr	5.5%	9.0%	0.8x
2019-07	76.7x	₹2861 cr	5.5%	9.0%	0.8x
2019-06	83.7x	₹2861 cr	5.5%	9.0%	0.8x
2019-05	94.8x	₹2281 cr	4.9%	9.0%	0.8x
2019-04	80.6x	₹2281 cr	4.9%	9.0%	0.8x
2019-03	84.7x	₹2281 cr	4.9%	9.0%	0.8x
2019-02	82.1x	₹2281 cr	4.9%	9.0%	0.8x
2019-01	75.5x	₹2281 cr	4.9%	9.0%	0.8x

Methodology and data notes