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FSN ECOMMERCE VENTURES NYKAA (NYKAA)

Retail Trade · Internet Retail · 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.59 / 100
Profitability 56Growth 90Balance sheet 33
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.86 / 100
Price 84Earnings 83FII/DII 91

Passes these screensHigh MomentumConsistent compoundersNear 52-week high

Compare withMEESHOVEDANT FASHIONSINDIAMART INTERMESH

Share price

Closing priceAdjusted for splits and bonus issues.

₹359.7 latest close · +15.9% over the last 90 sessions

₹320₹340₹360Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹320₹340₹360Jul 3Sep 4Nov 9

₹359.7 month-end · +34.6% over 12 months

₹250₹300₹350Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹250₹300₹350Nov '25May '26Nov '26

₹359.7 month-end · +104.6% over 3 years

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

₹359.7 month-end · −11.6% since Nov '21

₹100₹200₹300₹400Nov '21Nov '22Nov '23Nov '24Nov '25Nov '26 ₹100₹200₹300₹400Nov '21May '24Nov '26

52-week range ₹232.00 to ₹363.40 · 1-year volatility 27.8%

Was the rally earned?

+35%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 135 points, but investors now pay less per rupee of profit (P/E 954.7x to 404.2x), which took 100 points back.
  • The share count fell 2%.
Net profit growth: +132 pts. Points of the price return explained by net profit growing (or shrinking).+132 ptsNet profit growthP/E change: −100 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−100 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: +35%+35%Share priceNet profit growth: +132 pts. Points of the price return explained by net profit growing (or shrinking).+132ProfitP/E change: −100 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−100P/EShare count change: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: +35%+35%Share price
Net profit growth+132 ptsNet profit rose about 211%, which lifts the price.
P/E change-100 ptsThe P/E fell from 954.7x to 404.2x, which lowers the price.
Share count change+3 ptsShare count fell 2%, which lifts the price.
+105%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 372 points, but investors now pay less per rupee of profit (P/E 2511.4x to 404.2x), which took 267 points back.
  • The share count barely moved.
Net profit growth: +372 pts. Points of the price return explained by net profit growing (or shrinking).+372 ptsNet profit growthP/E change: −267 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−267 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: +105%+105%Share priceNet profit growth: +372 pts. Points of the price return explained by net profit growing (or shrinking).+372ProfitP/E change: −267 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−267P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +105%+105%Share price
Net profit growth+372 ptsNet profit rose about 1176%, which lifts the price.
P/E change-267 ptsThe P/E fell from 2511.4x to 404.2x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-12%share price, 5 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 127 points, but investors now pay less per rupee of profit (P/E 1768.5x to 404.2x), which took 139 points back.
  • The share count rose 6%.
Net profit growth: +133 pts. Points of the price return explained by net profit growing (or shrinking).+133 ptsNet profit growthP/E change: −139 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−139 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: −12%−12%Share priceNet profit growth: +133 pts. Points of the price return explained by net profit growing (or shrinking).+133ProfitP/E change: −139 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−139P/EShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6SharesShare price: −12%−12%Share price
Net profit growth+133 ptsNet profit rose about 312%, which lifts the price.
P/E change-139 ptsThe P/E fell from 1768.5x to 404.2x, which lowers the price.
Share count change-6 ptsShare count rose 6%, 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 MEESHO

How rough has the ride been?

Maximum drawdown-72.1%not yet recovered
1-year volatility27.8%annualised
Beta vs sector index0.543-year daily, correlation 0.34
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%20222023202420252026−71.0% 0%−20%−40%−60%20242026−71.0%
Largest drawdowns

-72.1% (2021-12 peak to 2023-04 low, not yet recovered)

Most recent volume spikes

2026-11-05: 6.9x the 50-day median, price -1.5% that day

2026-08-05: 5.4x the 50-day median, price -2.1% 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?

404.2xP/E todayNear its historic low
Against its own history5th percentile
CheapestMedian 1126.0xDearest

Usual range 506.6x to 2241.4x since 2021-11.

Against Retail Trade404.2x vs 22.4x
This company
404.2x
Sector median
22.4x

1702% above the Retail Trade median.

19.8x854.9x1689.9x2525.0xNov '21Nov '22Nov '23Nov '24Nov '25Nov '2619.8x854.9x1689.9x2525.0xNov '21Jul '23Mar '25Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianRetail Trade median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianRetail Trade 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 Retail Trade is valued

Where does it rank among Retail Trade peers?

Each cell is the company's percentile rank among its Retail Trade 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▲ 19 pts vs a year ago
  • Op. margin47th▲ 9 pts vs a year ago
  • Revenue growth73rd▼ 10 pts vs a year ago
  • EPS growth100th▲ 3 pts vs a year ago
  • Debt/equity ↓27thflat vs a year ago
  • Cash cycle ↓62nd▲ 4 pts vs a year ago
  • P/E ↓4thflat vs a year ago
  • 12M momentum89th▼ 9 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 Retail Trade sector page Watch it move against Retail Trade in the Observatory

What is the price implying?

~76%annual earnings growth implied by the price

At a P/E of 1390.0x, the price would imply about 76.2%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Retail Trade The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹359.70
P/E
404.2x
ROCE
17.0%
Market Cap
₹1.03L cr
Revenue (TTM)
₹10649 cr
P/S
9.7x
P/B
71.7x
ROE
17.7%
Operating Margin
8.0%
Debt / Equity
0.9x
Promoter Holding
52.1%
12M Momentum
34.6%

52-week range

₹232.00₹363.40
97% of the way from its 52-week low to its high

Price risk

1Y volatility
27.8%
Beta vs sector
1-year daily
0.63

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
3.52x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 7checks within range2 near a threshold
Other income reliance4%Within range

Other income as a share of pre-tax profit (trailing twelve months): 3.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate39%Near threshold

Median quarterly effective tax rate over about 2.5 years: 38.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion3.52xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 3.52x (cash from operations ₹1,111 cr, net profit ₹316 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-1 daysWithin range

Debtor days are below the median of the previous three fiscal years by 1 days (11 vs 12). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+10 days / 2 yrsWithin range

Days payable changed by +10 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 3 years, DIIs added 9.8 pts; FIIs added 3.9 pts.
  • The number of shareholders fell from 5.7 lakh to 3.8 lakh (-32%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters52.3%52.1%-0.2 pts
FIIs9.8%13.7%+3.9 pts
DIIs14.3%24.1%+9.8 pts
Public and others23.6%10.1%-13.5 pts

Number of shareholders

3.8 lakhshareholders-32% since Sep '23
3.8L4.4L5.0L5.7L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 5.7 lakh
Dec '23: 5.1 lakh
Mar '24: 5.2 lakh
Jun '24: 4.8 lakh
Sep '24: 4.7 lakh
Dec '24: 4.8 lakh
Mar '25: 4.7 lakh
Jun '25: 4.4 lakh
Sep '25: 4.2 lakh
Dec '25: 4.2 lakh
Mar '26: 4.0 lakh
Jun '26: 3.8 lakh
 3.8L4.4L5.0L5.7L Sep '23Sep '24Sep '25Jun '26
Sep '23: 5.7 lakh
Dec '23: 5.1 lakh
Mar '24: 5.2 lakh
Jun '24: 4.8 lakh
Sep '24: 4.7 lakh
Dec '24: 4.8 lakh
Mar '25: 4.7 lakh
Jun '25: 4.4 lakh
Sep '25: 4.2 lakh
Dec '25: 4.2 lakh
Mar '26: 4.0 lakh
Jun '26: 3.8 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

−5.6%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like FSN ECOMMERCE VENTURES NYKAA 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 +19% vs the market, against −1% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −5.0%, 80% range −10.6% to −1.1%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−50%0%+50%+100%
UNITDSPR · Feb 2020: −42.7% vs market
THERMAX · May 2024: −40.4% vs market
KALYANKJIL · Dec 2024: −40.0% vs market
PVRINOX · Jan 2020: −38.0% vs market
WESTLIFE · Jun 2023: −33.0% vs market
BIOCON · Apr 2020: −32.8% vs market
HNDFDS · Nov 2022: −31.0% vs market
METROBRAND · Nov 2023: −30.3% vs market
GODREJPROP · Jun 2024: −28.5% vs market
VIPIND · Oct 2022: −25.7% vs market
SHREECEM · May 2020: −24.1% vs market
BHARATFORG · May 2024: −24.1% vs market
BLUEDART · May 2022: −23.9% vs market
DALBHARAT · Mar 2021: −23.8% vs market
BATAINDIA · Jul 2022: −22.8% vs market
TORNTPHARM · Feb 2020: −17.0% vs market
ADANIENT · Jul 2022: −15.4% vs market
MEDANTA · Nov 2023: −13.1% vs market
BERGEPAINT · Feb 2020: −11.8% vs market
UNOMINDA · Sep 2025: −10.4% vs market
AARTIIND · Apr 2020: −8.9% vs market
BAYERCROP · Jun 2024: −8.2% vs market
TATACONSUM · Apr 2025: −8.0% vs market
SYNGENE · May 2020: −6.1% vs market
TITAN · Feb 2022: −5.9% vs market
SRF · Mar 2022: −5.2% vs market
DEVYANI · Sep 2022: −5.1% vs market
ZYDUSLIFE · Jul 2020: −3.7% vs market
LODHA · May 2024: −1.6% vs market
ULTRACEMCO · May 2020: −1.4% vs market
KIMS · Mar 2025: −0.1% vs market
LAURUSLABS · May 2021: +0.3% vs market
NH · Nov 2020: +9.4% vs market
PHOENIXLTD · Jun 2022: +10.0% vs market
ASTERDM · Sep 2025: +10.6% vs market
ASTRAL · Jan 2020: +17.9% vs market
BLUESTARCO · Feb 2023: +18.4% vs market
JUBLFOOD · Aug 2020: +19.6% vs market
SOLARINDS · Dec 2022: +20.8% vs market
APOLLOHOSP · Sep 2020: +27.5% vs market
RADICO · Aug 2025: +46.0% vs market
DIXON · May 2024: +48.8% vs market
POWERINDIA · Jun 2024: +51.8% vs market
ABB · May 2022: +55.7% vs market
ACUTAAS · Nov 2024: +65.1% vs market
VBL · Jun 2022: +69.1% vs market
CHOICEIN · May 2024: +87.3% vs market
TRENT · Dec 2023: +98.3% vs market
ADANIENSOL · Mar 2021: +111.0% vs market
GVT&D · May 2025: +124.7% vs market
Similar setups −5.6%All companies −0.6%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
−5.6%
All companies' median
−0.6%
Beat the market
38% vs 49%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TORNTPHARM
Health Technology		 Feb 2020 83x13% +19%−5% −17%
TITAN
Consumer Durables		 Feb 2022 232x13% +81%−4% −6%
VBL
Consumer Non-Durables		 Jun 2022 74x17% +63%0% +69%
TRENT
Retail Trade		 Dec 2023 244x12% +126%0% +98%
UNITDSPR
Consumer Non-Durables		 Feb 2020 71x20% +26%−6% −43%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
APOLLOHOSP
Health Services		 Sep 2020 66x14% +54%0% +28%
SOLARINDS
Process Industries		 Dec 2022 90x25% +81%0% +21%
JUBLFOOD
Consumer Services		 Aug 2020 99x30% +76%−3% +20%
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, interest cover and P/S. 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 FSN ECOMMERCE VENTURES NYKAA. 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.

TVS MOTOR COMPANYTVSMOTOR
Consumer Durables
70%similar
ROCEvolatility
TITAN COMPANYTITAN
Consumer Durables
63%similar
promoter holdingrevenue growth
SAMVARDHANA MOTHERSON INTMOTHERSON
Producer Manufacturing
59%similar
market capoperating margin
APOLLO HOSPITALS ENTERPRISES LAPOLLOHOSP
Health Services
58%similar
ROCEmarket cap
AFCONS INFRASTRUCTUREAFCONS
Industrial Services
55%similar
revenueoperating margin
MEDPLUS HEALTH SERVICESMEDPLUS
Retail Trade
52%similar
operating marginvolatility
TRENTTRENT
Retail Trade
49%similar
market caprevenue growth
ADITYA VISIONAVL
Retail Trade
47%similar
ROCEdebt/equity

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

What changed?

30 events since Jun '23

  1. NovPriceVolume reached 6.9x its 50-day median on 2026-11-05; price -1.5% that day.
  2. SepPeer rankSlipped to the 3rd quartile of Retail Trade on operating margin (from the 2nd quartile).
  3. AugPriceVolume reached 5.4x its 50-day median on 2026-08-05; price -2.1% that day.
  4. JunPeer rankMoved into the 2nd quartile of Retail Trade on ROCE (from the 3rd quartile).
  5. JunDebtDebt / equity fell below 1.0x (0.86x).
  6. JunPriceVolume reached 8.7x its 50-day median on 2026-06-18; price +6.1% that day.
  7. FebPriceVolume reached 13.8x its 50-day median on 2026-02-06; price +7.2% that day.
  8. DecInstitutionsFII + DII holding rose 3.5 pts over 2 quarters to 37.5%.
Show 22 earlier events
  1. DecValuationP/E fell below the 10th percentile of its own history to date (736.5x).
  2. NovPriceVolume reached 8.1x its 50-day median on 2025-11-10; price +6.1% that day.
  3. AugPriceVolume reached 11.2x its 50-day median on 2025-08-13; price +5.1% that day.
  4. JunValuationP/E fell below the 10th percentile of its own history to date (906.0x).
  5. JunDebtDebt / equity rose above 1.0x (1.02x).
  6. MayPriceVolume reached 29.1x its 50-day median on 2025-05-30; price -0.6% that day.
  7. MarInstitutionsFII + DII holding rose 3.8 pts over 2 quarters to 32.6%.
  8. JanPriceVolume reached 5.9x its 50-day median on 2025-01-06; price +2.2% that day.
  9. AugPriceVolume reached 19.6x its 50-day median on 2024-08-23; price +7.8% that day.
  10. JunResultsYear-on-year EPS growth turned positive.
  11. JunInstitutionsFII + DII holding rose 3.3 pts over 2 quarters to 27.5%.
  12. JunPeer rankMoved into the top quartile of Retail Trade on EPS growth (from the bottom quartile).
  13. AprPriceVolume reached 6.8x its 50-day median on 2024-04-08; price +6.4% that day.
  14. MarValuationP/E crossed above the 90th percentile of its own history to date (2313.6x).
  15. JanPriceVolume reached 7.1x its 50-day median on 2024-01-09; price +6.0% that day.
  16. DecSharesShare count is up 200.0% over 12 months.
  17. NovValuationP/E crossed above the 90th percentile of its own history to date (2511.4x).
  18. NovPriceVolume reached 10.7x its 50-day median on 2023-11-17; price +9.3% that day.
  19. SepPriceVolume reached 5.4x its 50-day median on 2023-09-28; price +2.7% that day.
  20. JunResultsRevenue (TTM) reached a new high of ₹5,144 cr.
  21. JunPeer rankSlipped to the bottom quartile of Retail Trade on EPS growth (from the 3rd quartile).
  22. JunPriceVolume reached 6.7x its 50-day median on 2023-06-02; price +7.6% 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 history61 months · 2021-11 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11404.2x₹10649 cr17.7%17.0%0.9x
2026-10392.5x₹10649 cr18.1%17.0%0.9x
2026-09359.6x₹10649 cr18.1%17.0%0.9x
2026-08506.6x₹10022 cr14.2%17.0%0.9x
2026-07483.2x₹10022 cr14.2%17.0%0.9x
2026-06450.5x₹10022 cr14.2%17.0%0.9x
2026-05535.3x₹9436 cr11.1%10.0%1.0x
2026-04540.3x₹9436 cr11.1%10.0%1.0x
2026-03479.6x₹9436 cr11.1%10.0%1.0x
2026-02737.4x₹8830 cr7.8%10.0%1.0x
2026-01659.7x₹8830 cr7.8%10.0%1.0x
2025-12736.5x₹8830 cr7.8%10.0%1.0x
2025-11954.7x₹8359 cr6.3%10.0%1.0x
2025-10885.5x₹8359 cr6.3%10.0%1.0x
2025-09829.9x₹8359 cr6.3%10.0%1.0x
2025-081000.7x₹7950 cr5.5%10.0%1.0x
2025-07911.4x₹7950 cr5.5%10.0%1.0x
2025-06906.0x₹7950 cr5.5%10.0%1.0x
2025-051129.2x₹7556 cr4.9%7.0%0.8x
2025-041079.8x₹7556 cr4.9%7.0%0.8x
2025-03994.9x₹7556 cr4.9%7.0%0.8x
2025-021058.7x₹7078 cr4.2%7.0%0.8x
2025-011126.0x₹7078 cr4.2%7.0%0.8x
2024-121091.7x₹7078 cr4.2%7.0%0.8x
2024-111323.5x₹6710 cr3.8%7.0%0.8x
2024-101397.5x₹6710 cr3.8%7.0%0.8x
2024-091504.7x₹6710 cr3.8%7.0%0.8x
2024-081888.2x₹6386 cr3.1%7.0%0.8x
2024-071754.5x₹6386 cr3.1%7.0%0.8x
2024-061604.0x₹6386 cr3.1%7.0%0.8x
2024-052345.7x₹5144 cr1.5%6.0%0.6x
2024-042525.0x₹5144 cr1.5%6.0%0.6x
2024-032313.6x₹5144 cr1.5%6.0%0.6x
2024-022241.4x₹5144 cr1.5%6.0%0.6x
2024-012332.1x₹5144 cr1.5%6.0%0.6x
2023-122485.0x₹5144 cr1.5%6.0%0.6x
2023-112511.4x₹5144 cr1.5%6.0%0.6x
2023-101990.7x₹5144 cr1.5%6.0%0.6x
2023-092188.6x₹5144 cr1.5%6.0%0.6x
2023-081907.9x₹5144 cr1.5%6.0%0.6x
2023-072055.7x₹5144 cr1.5%6.0%0.6x
2023-062122.9x₹5144 cr1.5%6.0%0.6x
2023-05893.2x₹3774 cr3.1%7.0%0.4x
2023-04875.7x₹3774 cr3.1%7.0%0.4x
2023-03887.5x₹3774 cr3.1%7.0%0.4x
2023-02999.6x₹3774 cr3.1%7.0%0.4x
2023-01976.4x₹3774 cr3.1%7.0%0.4x
2022-121106.1x₹3774 cr3.1%7.0%0.4x
2022-111230.7x₹3774 cr3.1%7.0%0.4x
2022-101372.1x₹3774 cr3.1%7.0%0.4x
2022-091514.3x₹3774 cr3.1%7.0%0.4x
2022-081655.4x₹3774 cr3.1%7.0%0.4x
2022-071663.2x₹3774 cr3.1%7.0%0.4x
2022-061675.0x₹3774 cr3.1%7.0%0.4x
2022-051083.0x₹2441 cr12.7%13.0%0.7x
2022-041227.6x₹2441 cr12.7%13.0%0.7x
2022-031224.3x₹2441 cr12.7%13.0%0.7x
2022-02935.7x₹2441 cr12.7%13.0%0.7x
2022-011196.7x₹2441 cr12.7%13.0%0.7x
2021-121522.8x₹2441 cr12.7%13.0%0.7x
2021-111768.5x₹2441 cr12.7%13.0%0.7x

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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