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NIIT LIMITED (NIITLTD)

Commercial Services · Miscellaneous Commercial 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.54 / 100
Profitability 6Growth 54Balance sheet 100
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.17 / 100
Price 6Earnings 39FII/DII 6
Compare withNBCC (INDIA)FIRSTSOURCE SOLUTIONSINTL GEMOLOGICAL INSTITUTE

Share price

Closing priceAdjusted for splits and bonus issues.

₹72.05 latest close · −30.4% over the last 90 sessions

₹80₹100Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹80₹100Jul 3Sep 4Nov 9

₹72.05 month-end · −25.1% over 12 months

₹60₹80₹100Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹60₹80₹100Nov '25May '26Nov '26

₹72.05 month-end · −36.8% over 3 years

₹100₹200Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹100₹200Nov '23May '25Nov '26

₹72.05 month-end · +101.8% since Jan '19

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

52-week range ₹49.00 to ₹111.10 · 1-year volatility 53.9%

Was the rally earned?

-25%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 136 points, while the multiple moved less (P/E 30.5x to 109.2x).
  • The share count rose 21%.
Net profit growth: −119 pts. Points of the price return explained by net profit growing (or shrinking).−119 ptsNet profit growthP/E change: +111 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+111 ptsP/E changeShare count change: −17 pts. Points of the price return explained by the share count changing. More shares count against the price.−17 ptsShare count changeShare price: −25%−25%Share priceNet profit growth: −119 pts. Points of the price return explained by net profit growing (or shrinking).−119ProfitP/E change: +111 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+111P/EShare count change: −17 pts. Points of the price return explained by the share count changing. More shares count against the price.−17SharesShare price: −25%−25%Share price
Net profit growth-119 ptsNet profit fell about 75%, which lowers the price.
P/E change+111 ptsThe P/E rose from 30.5x to 109.2x, which lifts the price.
Share count change-17 ptsShare count rose 21%, which lowers the price.
-37%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 81 points, but investors now pay less per rupee of profit (P/E 475.0x to 109.2x), which took 118 points back.
  • The share count fell 49%.
Net profit growth: +27 pts. Points of the price return explained by net profit growing (or shrinking).+27 ptsNet profit growthP/E change: −118 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−118 ptsP/E changeShare count change: +54 pts. Points of the price return explained by the share count changing. More shares count against the price.+54 ptsShare count changeShare price: −37%−37%Share priceNet profit growth: +27 pts. Points of the price return explained by net profit growing (or shrinking).+27ProfitP/E change: −118 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−118P/EShare count change: +54 pts. Points of the price return explained by the share count changing. More shares count against the price.+54SharesShare price: −37%−37%Share price
Net profit growth+27 ptsNet profit rose about 40%, which lifts the price.
P/E change-118 ptsThe P/E fell from 475.0x to 109.2x, which lowers the price.
Share count change+54 ptsShare count fell 49%, which lifts the price.
-58%share price, 5 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 182 points, while the multiple moved less (P/E 17.2x to 109.2x).
  • The share count rose 18%.
Net profit growth: −170 pts. Points of the price return explained by net profit growing (or shrinking).−170 ptsNet profit growthP/E change: +123 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+123 ptsP/E changeShare count change: −11 pts. Points of the price return explained by the share count changing. More shares count against the price.−11 ptsShare count changeShare price: −58%−58%Share priceNet profit growth: −170 pts. Points of the price return explained by net profit growing (or shrinking).−170ProfitP/E change: +123 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+123P/EShare count change: −11 pts. Points of the price return explained by the share count changing. More shares count against the price.−11SharesShare price: −58%−58%Share price
Net profit growth-170 ptsNet profit fell about 92%, which lowers the price.
P/E change+123 ptsThe P/E rose from 17.2x to 109.2x, which lifts the price.
Share count change-11 ptsShare count rose 18%, 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 NBCC (INDIA)

How rough has the ride been?

Maximum drawdown-82.1%not yet recovered
1-year volatility53.9%annualised
Beta vs sector index1.433-year daily, correlation 0.55
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−80.7% 0%−25%−50%−75%2020202220242026−80.7%
Largest drawdowns

-82.1% (2022-04 peak to 2026-03 low, not yet recovered)

-49.1% (2019-04 peak to 2020-03 low, recovered 2020-08)

-33.5% (2020-12 peak to 2021-03 low, recovered 2021-06)

Most recent volume spikes

2026-10-28: 6.6x the 50-day median, price -8.4% that day

2026-07-07: 6.6x the 50-day median, price -6.6% that day

2026-07-06: 6.1x the 50-day median, price +3.7% 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?

109.2xP/E todayNear its historic high
Against its own history81st percentile
CheapestMedian 30.0xDearest

Usual range 7.9x to 403.9x since 2019-01.

Against Commercial Services109.2x vs 21.1x
This company
109.2x
Sector median
21.1x

418% above the Commercial Services median.

6.8x182.1x357.4x532.7xJan '19Aug '20Mar '22Oct '23May '25Nov '266.8x182.1x357.4x532.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianCommercial Services median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

Where does it rank among Commercial Services peers?

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

  • ROCE9th▼ 13 pts vs a year ago
  • Op. margin4thflat vs a year ago
  • Revenue growth48th▲ 3 pts vs a year ago
  • EPS growth7th▼ 32 pts vs a year ago
  • Debt/equity ↓89thflat vs a year ago
  • Cash cycle ↓100thflat vs a year ago
  • P/E ↓7th▼ 44 pts vs a year ago
  • 12M momentum44th▲ 36 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 Commercial Services sector page Watch it move against Commercial Services in the Observatory

What is the price implying?

~10%annual earnings growth implied by the price

At a P/E of 15.2x, the price would imply about 10.1%/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 Commercial Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹72.05
P/E
109.2x
ROCE
2.0%
Market Cap
₹987 cr
Revenue (TTM)
₹402 cr
P/S
2.5x
P/B
0.9x
ROE
0.8%
Operating Margin
-3.9%
Debt / Equity
0.0x
Promoter Holding
40.9%
12M Momentum
-25.1%

52-week range

₹49.00₹111.10
37% of the way from its 52-week low to its high

Price risk

1Y volatility
53.9%
Beta vs sector
1-year daily
1.54

Balance sheet & cash

Interest cover
operating profit ÷ interest
14.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.48x
low
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 6checks within range3 beyond a threshold
Other income reliance300%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 300.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate17%Within range

Median quarterly effective tax rate over about 2.5 years: 17.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.48xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.48x (cash from operations ₹45 cr, net profit ₹94 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+8 daysWithin range

Debtor days are above the median of the previous three fiscal years by 8 days (54 vs 46). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress7% of fixed assetsWithin range

Capital work-in-progress is 7% 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, FIIs trimmed 10.4 pts; promoters added 6.1 pts; DIIs trimmed 1.5 pts.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters34.7%40.9%+6.1 pts
FIIs18.4%8.1%-10.4 pts
DIIs12.7%11.1%-1.5 pts
Public and others34.1%39.9%+5.8 pts

Number of shareholders

1.1 lakhshareholders-1% since Dec '23
1.1L1.1L1.1L1.1L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 1.1 lakh
Mar '24: 1.1 lakh
Jun '24: 1.1 lakh
Sep '24: 1.1 lakh
Dec '24: 1.1 lakh
Mar '25: 1.1 lakh
Jun '25: 1.1 lakh
Sep '25: 1.1 lakh
Dec '25: 1.1 lakh
Mar '26: 1.1 lakh
Jun '26: 1.1 lakh
 1.1L1.1L1.1L1.1L Dec '23Dec '24Dec '25Jun '26
Dec '23: 1.1 lakh
Mar '24: 1.1 lakh
Jun '24: 1.1 lakh
Sep '24: 1.1 lakh
Dec '24: 1.1 lakh
Mar '25: 1.1 lakh
Jun '25: 1.1 lakh
Sep '25: 1.1 lakh
Dec '25: 1.1 lakh
Mar '26: 1.1 lakh
Jun '26: 1.1 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

−6.0%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 NIIT 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 −34% to +46% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (−4.0%, 80% range −16.9% to +3.5%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
KAMOPAINTS · Jul 2024: −75.3% vs market
FILATFASH · Sep 2025: −66.9% vs market
QUICKHEAL · Jan 2025: −61.8% vs market
DEN · Aug 2020: −61.4% vs market
FMGOETZE · Sep 2020: −59.4% vs market
HARDWYN · Sep 2024: −51.8% vs market
BIOFILCHEM · Jan 2025: −50.3% vs market
INDOWIND · Aug 2025: −47.8% vs market
ONMOBILE · Nov 2023: −44.5% vs market
CLEDUCATE · Mar 2025: −42.0% vs market
HATHWAY · Feb 2024: −39.4% vs market
WATERBASE · Jul 2021: −39.0% vs market
INDRAMEDCO · Jun 2021: −34.5% vs market
DCXINDIA · Sep 2025: −33.8% vs market
AARTECH · Jul 2025: −33.1% vs market
UNICHEMLAB · Jun 2021: −24.3% vs market
NOVARTIND · Nov 2021: −21.9% vs market
BOROSCI · Oct 2025: −21.2% vs market
CHEMBOND · Feb 2021: −18.9% vs market
JTEKTINDIA · Aug 2021: −18.3% vs market
PILITA · Jul 2020: −17.5% vs market
DREDGECORP · Sep 2020: −16.5% vs market
JHS · Aug 2021: −15.4% vs market
HINDCOMPOS · Apr 2021: −9.7% vs market
DPSCLTD · Apr 2021: −8.2% vs market
SHALBY · Jan 2021: −3.9% vs market
IKIO · Aug 2025: −3.2% vs market
LOTUSEYE · May 2021: +1.4% vs market
BPL · Nov 2023: +2.1% vs market
SUNDROP · Aug 2024: +4.0% vs market
DENORA · Mar 2020: +4.4% vs market
SEAMECLTD · Nov 2023: +9.8% vs market
KINGFA · Oct 2021: +15.2% vs market
JAICORPLTD · Jun 2022: +19.9% vs market
TDPOWERSYS · May 2020: +30.9% vs market
KIOCL · Jan 2021: +42.6% vs market
ARVEE · Sep 2025: +44.6% vs market
NAZARA · Jun 2024: +46.3% vs market
HONASA · Jun 2025: +47.1% vs market
LOVABLE · May 2020: +50.5% vs market
URJA · Jun 2021: +52.2% vs market
MAANALU · May 2022: +52.3% vs market
AUTOAXLES · Sep 2021: +54.9% vs market
APTECHT · Aug 2020: +55.4% vs market
IFGLEXPOR · Jun 2020: +76.6% vs market
MADHAVBAUG · Apr 2025: +84.5% vs market
GOLDTECH · Feb 2023: +96.9% vs market
CARTRADE · Jan 2024: +109.4% vs market
INTELLECT · Jul 2020: +198.5% vs market
RAMCOSYS · Jan 2020: +201.8% vs market
Similar setups −6.0%All companies −2.0%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
−6.0%
All companies' median
−2.0%
Beat the market
46% vs 48%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ONMOBILE
Communications		 Nov 2023 170x2% +6%−14% −45%
URJA
Electronic Technology		 Jun 2021 258x2% +82%−19% +52%
NAZARA
Technology Services		 Jun 2024 118x6% +20%−10% +46%
GOLDTECH
Technology Services		 Feb 2023 339x2% −15%−37% +97%
CHEMBOND
Process Industries		 Feb 2021 128x3% −6%−15% −19%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DENORA
Electronic Technology		 Mar 2020 45x4% −54%−58% +4%
AUTOAXLES
Producer Manufacturing		 Sep 2021 83x6% +75%−17% +55%
FILATFASH
Process Industries		 Sep 2025 —1% −39%−51% −67%
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: drawdown from 12-month high, 12-month momentum and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 NIIT LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

EASY TRIP PLANNERSEASEMYTRIP
Consumer Services
73%similar
operating marginvolatility
63 MOONS TECHNOLOGIES63MOONS
Technology Services
62%similar
volatilityoperating margin
ONMOBILE GLOBALONMOBILE
Communications
59%similar
operating marginROCE
KIRI INDUSTRIESKIRIINDUS
Process Industries
58%similar
debt/equitypromoter holding
VAKRANGEEVAKRANGEE
Retail Trade
58%similar
promoter holdingrevenue growth
AXISCADES TECHNOLOGIESAXISCADES
Commercial Services
12%similar
P/Erevenue growth
UPDATER SERVICESUDS
Commercial Services
8%similar
market capoperating margin
ONE POINT ONE SOLUTIONSONEPOINT
Commercial Services
4%similar
revenueEPS growth

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

What changed?

30 events since Nov '22

  1. OctPriceVolume reached 6.6x its 50-day median on 2026-10-28; price -8.4% that day.
  2. SepPromoterPromoter holding rose 3.9 pts to 40.9% (largest rise in the history since 2019-01).
  3. SepInstitutionsFII + DII holding fell 3.2 pts over 2 quarters to 19.2%.
  4. JulPriceVolume reached 7.5x its 50-day median on 2026-07-02; price +4.2% that day.
  5. JunPriceVolume reached 49.8x its 50-day median on 2026-06-02; price +9.9% that day.
  6. MarPriceFell 82% from the Apr 2022 peak to the Mar 2026 low.
  7. MarPeer rankSlipped to the bottom quartile of Commercial Services on EPS growth (from the 3rd quartile).
  8. FebPriceVolume reached 12.9x its 50-day median on 2026-02-01; price +4.0% that day.
Show 22 earlier events
  1. DecPriceVolume reached 101.0x its 50-day median on 2025-12-22; price +12.9% that day.
  2. SepResultsYear-on-year EPS growth turned negative.
  3. SepPeer rankSlipped to the 3rd quartile of Commercial Services on EPS growth (from the 2nd quartile).
  4. JunPeer rankSlipped to the bottom quartile of Commercial Services on operating margin (from the 3rd quartile).
  5. AprPriceVolume reached 16.8x its 50-day median on 2025-04-23; price +13.3% that day.
  6. MarPeer rankMoved into the 3rd quartile of Commercial Services on operating margin (from the bottom quartile).
  7. DecPromoterPromoter holding rose 2.6 pts to 37.2%.
  8. DecInstitutionsFII + DII holding fell 5.7 pts over 2 quarters to 25.1%.
  9. NovPriceVolume reached 12.5x its 50-day median on 2024-11-26; price +13.2% that day.
  10. AugPriceVolume reached 64.9x its 50-day median on 2024-08-27; price +14.1% that day.
  11. JunResultsYear-on-year EPS growth turned positive.
  12. JunPeer rankMoved into the top quartile of Commercial Services on EPS growth (from the bottom quartile).
  13. JunDividendDividend payout cut from 212% to 26% of profit.
  14. MayPriceVolume reached 15.9x its 50-day median on 2024-05-24; price +5.9% that day.
  15. JanPriceVolume reached 23.6x its 50-day median on 2024-01-20; price +6.8% that day.
  16. DecPriceVolume reached 11.1x its 50-day median on 2023-12-15; price +4.4% that day.
  17. SepPriceVolume reached 66.6x its 50-day median on 2023-09-12; price +18.8% that day.
  18. JunResultsYear-on-year EPS growth turned negative.
  19. JunValuationP/E crossed above the 90th percentile of its own history to date (352.9x).
  20. JunPeer rankSlipped to the bottom quartile of Commercial Services on EPS growth (from the top quartile).
  21. MayPriceVolume reached 14.1x its 50-day median on 2023-05-29; price -1.2% that day.
  22. NovPriceVolume reached 27.6x its 50-day median on 2022-11-07; price +12.7% 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
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11109.2x₹402 cr0.8%2.0%0.0x
2026-10101.2x₹402 cr0.7%2.0%0.0x
2026-09130.6x₹402 cr0.7%2.0%0.0x
2026-08260.1x₹390 cr0.4%2.0%0.0x
2026-07245.5x₹390 cr0.4%2.0%0.0x
2026-06258.0x₹390 cr0.4%2.0%0.0x
2026-0540.4x₹377 cr1.7%6.0%0.0x
2026-0441.6x₹377 cr1.7%6.0%0.0x
2026-0330.0x₹377 cr1.7%6.0%0.0x
2026-0230.0x₹373 cr2.4%6.0%0.0x
2026-0131.4x₹373 cr2.4%6.0%0.0x
2025-1238.3x₹373 cr2.4%6.0%0.0x
2025-1130.5x₹359 cr3.3%6.0%0.0x
2025-1033.2x₹359 cr3.3%6.0%0.0x
2025-0933.5x₹359 cr3.3%6.0%0.0x
2025-0831.6x₹358 cr3.6%6.0%0.0x
2025-0734.0x₹358 cr3.6%6.0%0.0x
2025-0638.4x₹358 cr3.6%6.0%0.0x
2025-0541.7x₹346 cr3.6%5.0%0.0x
2025-0439.7x₹346 cr3.6%5.0%0.0x
2025-0337.7x₹346 cr3.6%5.0%0.0x
2025-0233.5x₹333 cr3.7%5.0%0.0x
2025-0144.9x₹333 cr3.7%5.0%0.0x
2024-1257.3x₹333 cr3.7%5.0%0.0x
2024-1168.6x₹323 cr3.5%5.0%0.0x
2024-1047.7x₹323 cr3.5%5.0%0.0x
2024-0953.3x₹323 cr3.5%5.0%0.0x
2024-0859.2x₹303 cr3.1%5.0%0.0x
2024-0743.4x₹303 cr3.1%5.0%0.0x
2024-0636.2x₹303 cr3.1%5.0%0.0x
2024-05416.7x₹341 cr0.7%1.0%0.0x
2024-04440.0x₹341 cr0.7%1.0%0.0x
2024-03440.0x₹341 cr0.7%1.0%0.0x
2024-02517.3x₹341 cr0.7%1.0%0.0x
2024-01517.9x₹341 cr0.7%1.0%0.0x
2023-12477.3x₹341 cr0.7%1.0%0.0x
2023-11475.0x₹341 cr0.7%1.0%0.0x
2023-10532.7x₹341 cr0.7%1.0%0.0x
2023-09510.8x₹341 cr0.7%1.0%0.0x
2023-08336.9x₹341 cr0.7%1.0%0.0x
2023-07345.2x₹341 cr0.7%1.0%0.0x
2023-06352.9x₹341 cr0.7%1.0%0.0x
2023-0510.2x₹251 cr12.3%0.0%0.0x
2023-049.2x₹251 cr12.3%0.0%0.0x
2023-038.3x₹251 cr12.3%0.0%0.0x
2023-028.1x₹251 cr12.3%0.0%0.0x
2023-018.3x₹251 cr12.3%0.0%0.0x
2022-127.9x₹251 cr12.3%0.0%0.0x
2022-118.1x₹251 cr12.3%0.0%0.0x
2022-107.1x₹251 cr12.3%0.0%0.0x
2022-098.0x₹251 cr12.3%0.0%0.0x
2022-088.8x₹251 cr12.3%0.0%0.0x
2022-079.3x₹251 cr12.3%0.0%0.0x
2022-0610.5x₹251 cr12.3%0.0%0.0x
2022-0519.7x₹960 cr7.1%8.0%0.0x
2022-0424.5x₹960 cr7.1%8.0%0.0x
2022-0326.5x₹960 cr7.1%8.0%0.0x
2022-0218.0x₹960 cr7.1%8.0%0.0x
2022-0118.4x₹960 cr7.1%8.0%0.0x
2021-1219.3x₹960 cr7.1%8.0%0.0x
2021-1117.2x₹960 cr7.1%8.0%0.0x
2021-1012.7x₹960 cr7.1%8.0%0.0x
2021-0915.9x₹960 cr7.1%8.0%0.0x
2021-0813.5x₹960 cr7.1%8.0%0.0x
2021-0713.8x₹960 cr7.1%8.0%0.0x
2021-0612.3x₹960 cr7.1%8.0%0.0x
2021-05—₹889 cr70.7%3.0%0.1x
2021-04—₹889 cr70.7%3.0%0.1x
2021-03—₹889 cr70.7%3.0%0.1x
2021-02—₹889 cr70.7%3.0%0.1x
2021-01—₹889 cr70.7%3.0%0.1x
2020-12—₹889 cr70.7%3.0%0.1x
2020-11—₹889 cr70.7%3.0%0.1x
2020-10—₹889 cr70.7%3.0%0.1x
2020-09—₹889 cr70.7%3.0%0.1x
2020-08—₹889 cr70.7%3.0%0.1x
2020-07—₹889 cr70.7%3.0%0.1x
2020-06—₹889 cr70.7%3.0%0.1x
2020-057.4x₹865 cr8.5%14.0%0.2x
2020-047.1x₹865 cr8.5%14.0%0.2x
2020-036.8x₹865 cr8.5%14.0%0.2x
2020-028.2x₹865 cr8.5%14.0%0.2x
2020-018.2x₹865 cr8.5%14.0%0.2x
2019-127.8x₹865 cr8.5%14.0%0.2x
2019-118.8x₹865 cr8.5%14.0%0.2x
2019-108.2x₹865 cr8.5%14.0%0.2x
2019-097.6x₹865 cr8.5%14.0%0.2x
2019-087.6x₹865 cr8.5%14.0%0.2x
2019-077.5x₹865 cr8.5%14.0%0.2x
2019-068.5x₹865 cr8.5%14.0%0.2x
2019-0512.1x₹850 cr7.2%12.0%0.2x
2019-0412.1x₹850 cr7.2%12.0%0.2x
2019-0310.3x₹850 cr7.2%12.0%0.2x
2019-029.2x₹850 cr7.2%12.0%0.2x
2019-019.5x₹850 cr7.2%12.0%0.2x

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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