Share price
₹10,039 latest close · −10.7% over the last 90 sessions
₹10,039 month-end · +27.4% over 12 months
₹10,039 month-end · +182.6% over 3 years
₹10,039 month-end · +199.3% since Jan '19
52-week range ₹6061.00 to ₹12540.00 · 1-year volatility 33.1%
Was the rally earned?
Mostly yes, with a catch.
- Per-share earnings added 39 points, but investors now pay less per rupee of profit (P/E 28.5x to 25.6x), which took 12 points back.
- The share count barely moved.
Both mattered.
- Per-share earnings added 111 points and the multiple added 72 points (P/E 17.0x to 25.6x).
- The share count barely moved.
Mostly yes.
- Per-share earnings added 111 points to the rise, while the multiple moved less (P/E 18.4x to 25.6x).
- The share count barely moved.
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
-63.3% (2019-02 peak to 2020-03 low, recovered 2021-07)
-49.8% (2024-12 peak to 2026-03 low, recovered 2026-08)
-43.6% (2021-10 peak to 2022-10 low, recovered 2024-01)
Most recent volume spikes
2026-07-23: 13.2x the 50-day median, price -0.1% 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?
Usual range 12.6x to 36.0x since 2019-01.
21% above the Technology Services 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 Technology Services peers?
Each cell is the company's percentile rank among its Technology 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
- ROCE95th▲ 5 pts vs a year ago
- Op. margin100thflat vs a year ago
- Revenue growth73rd▲ 35 pts vs a year ago
- EPS growth79th▲ 35 pts vs a year ago
- Debt/equity ↓87thflat vs a year ago
- Cash cycle ↓61stflat vs a year ago
- P/E ↓41st▼ 9 pts vs a year ago
- 12M momentum90th▲ 53 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 Technology Services sector page Watch it move against Technology Services in the Observatory
What is the price implying?
At P/E of 25.6x, a holder earning 12%/yr needs earnings to grow about 13.4%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 14.3% | 15.4% | 16.4% |
| 15x | 12.4% | 13.4% | 14.4% |
| 20x | 9.9% | 10.8% | 11.8% |
Drag a slider to test other assumptions
Implied: 13.4%/yrLooking back
- Jan 2020Price implied 7%/yr; EPS has since grown 9%/yr (7.0 yrs)
- Jan 2021Price implied 8%/yr; EPS has since grown 10%/yr (6.0 yrs)
- Jan 2022Price implied 6%/yr; EPS has since grown 8%/yr (5.0 yrs)
Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.
What prices imply across Technology Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹10039.00
- P/E
- 25.6x
- ROCE
- 45.0%
- Market Cap
- ₹87476 cr
- Revenue (TTM)
- ₹8945 cr
- P/S
- 9.8x
- P/B
- 11.2x
- ROE
- 43.7%
- Operating Margin
- 60.0%
- Debt / Equity
- 0.0x
- Promoter Holding
- 72.4%
- 12M Momentum
- 27.4%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance6%Within range
Other income as a share of pre-tax profit (trailing twelve months): 5.8%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate29%Within range
Median quarterly effective tax rate over about 2.5 years: 29.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.92xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 0.92x (cash from operations ₹6,628 cr, net profit ₹7,238 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-5 daysWithin range
Debtor days are below the median of the previous three fiscal years by 5 days (64 vs 69). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress2% of fixed assetsWithin range
Capital work-in-progress is 2% 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 2 years, FIIs added 2.8 pts; DIIs trimmed 0.7 pts.
- The number of shareholders rose from 99,707 to 1.3 lakh (+25%) between Dec 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
- We found 50 past situations where a non-financial company looked like ORACLE FINANCIAL SERVICES SOFT 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 +10% vs the market, against −1% for all non-financial companies in the same months.
- The analogs' median sat below that base rate (gap −4.7%, 80% range −14.2% to −1.5%), but the matches cluster in only 6 distinct 12-month windows.
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 · 1 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 31 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| IGL Utilities |
Jul 2020 | 23x | 31% | +33% | −23% | −12% |
| BEL Electronic Technology |
Jul 2024 | 58x | 35% | +142% | −6% | +29% |
| SUNTV Consumer Services |
May 2020 | 11x | 42% | −30% | −31% | −19% |
| HAL Electronic Technology |
Jul 2024 | 43x | 39% | +149% | −12% | −2% |
| IEX Finance |
Feb 2025 | 35x | 50% | +10% | −35% | −32% |
Show the other 3 matches
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 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
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 Jun '22
- SepPeer rankMoved into the top quartile of Technology Services on EPS growth (from the 2nd quartile).
- AugPriceRegained the 2024-12 peak, 5 months after the low.
- JulPriceVolume reached 13.2x its 50-day median on 2026-07-23; price -0.1% that day.
- AprValuationP/E crossed above the 90th percentile of its own history to date (33.7x).
- AprPriceVolume reached 17.2x its 50-day median on 2026-04-23; price +8.2% that day.
- MarResultsYear-on-year EPS growth turned positive.
- MarPriceFell 50% from the Dec 2024 peak to the Mar 2026 low.
- MarPeer rankMoved into the 2nd quartile of Technology Services on EPS growth (from the 3rd quartile).
Show 22 earlier events
- MarPriceVolume reached 7.5x its 50-day median on 2026-03-27; price +5.3% that day.
- DecResultsYear-on-year EPS growth turned negative.
- SepResultsRevenue (TTM) reached a new high of ₹6,957 cr.
- SepPriceVolume reached 19.1x its 50-day median on 2025-09-11; price -1.4% that day.
- JunPeer rankSlipped to the 3rd quartile of Technology Services on EPS growth (from the 2nd quartile).
- JanPriceVolume reached 8.1x its 50-day median on 2025-01-16; price -3.4% that day.
- DecPriceVolume reached 5.3x its 50-day median on 2024-12-19; price +3.7% that day.
- AugPriceVolume reached 12.3x its 50-day median on 2024-08-30; price +1.7% that day.
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the 2nd quartile of Technology Services on EPS growth (from the 3rd quartile).
- JunPriceVolume reached 12.3x its 50-day median on 2024-06-13; price +10.5% that day.
- JanPriceRegained the 2021-10 peak, 15 months after the low.
- JanValuationP/E crossed above the 90th percentile of its own history to date (28.3x).
- JanPriceVolume reached 49.4x its 50-day median on 2024-01-18; price +30.1% that day.
- NovPriceVolume reached 14.5x its 50-day median on 2023-11-30; price -0.3% that day.
- AugPriceVolume reached 6.5x its 50-day median on 2023-08-16; price +3.0% that day.
- JunResultsYear-on-year EPS growth turned negative.
- JunPriceVolume reached 6.7x its 50-day median on 2023-06-13; price +6.0% that day.
- DecPriceVolume reached 7.9x its 50-day median on 2022-12-02; price +3.4% that day.
- OctPriceFell 44% from the Oct 2021 peak to the Oct 2022 low.
- AugPriceVolume reached 7.3x its 50-day median on 2022-08-02; price +4.7% that day.
- JunResultsRevenue (TTM) reached a new high of ₹5,221 cr.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history60 months · 2021-12 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 25.6x | ₹8945 cr | 43.7% | 45.0% | 0.0x |
| 2026-10 | 25.5x | ₹8945 cr | 43.6% | 45.0% | 0.0x |
| 2026-09 | 27.1x | ₹8945 cr | 43.6% | 45.0% | 0.0x |
| 2026-08 | 41.3x | ₹7672 cr | 33.7% | 45.0% | 0.0x |
| 2026-07 | 36.9x | ₹7672 cr | 33.7% | 45.0% | 0.0x |
| 2026-06 | 35.5x | ₹7672 cr | 33.7% | 45.0% | 0.0x |
| 2026-05 | 35.5x | ₹7323 cr | 29.2% | 41.0% | 0.0x |
| 2026-04 | 33.7x | ₹7323 cr | 29.2% | 41.0% | 0.0x |
| 2026-03 | 23.3x | ₹7323 cr | 29.2% | 41.0% | 0.0x |
| 2026-02 | 24.7x | ₹7072 cr | 28.4% | 41.0% | 0.0x |
| 2026-01 | 27.6x | ₹7072 cr | 28.4% | 41.0% | 0.0x |
| 2025-12 | 27.4x | ₹7072 cr | 28.4% | 41.0% | 0.0x |
| 2025-11 | 28.5x | ₹6957 cr | 28.8% | 41.0% | 0.0x |
| 2025-10 | 29.9x | ₹6957 cr | 28.8% | 41.0% | 0.0x |
| 2025-09 | 29.5x | ₹6957 cr | 28.8% | 41.0% | 0.0x |
| 2025-08 | 29.4x | ₹6846 cr | 28.5% | 41.0% | 0.0x |
| 2025-07 | 30.0x | ₹6846 cr | 28.5% | 41.0% | 0.0x |
| 2025-06 | 31.9x | ₹6846 cr | 28.5% | 41.0% | 0.0x |
| 2025-05 | 31.1x | ₹6772 cr | 29.2% | 40.0% | 0.0x |
| 2025-04 | 31.0x | ₹6772 cr | 29.2% | 40.0% | 0.0x |
| 2025-03 | 27.9x | ₹6772 cr | 29.2% | 40.0% | 0.0x |
| 2025-02 | 25.4x | ₹6881 cr | 31.8% | 40.0% | 0.0x |
| 2025-01 | 29.9x | ₹6881 cr | 31.8% | 40.0% | 0.0x |
| 2024-12 | 41.9x | ₹6881 cr | 31.8% | 40.0% | 0.0x |
| 2024-11 | 40.9x | ₹6651 cr | 29.7% | 40.0% | 0.0x |
| 2024-10 | 38.1x | ₹6651 cr | 29.7% | 40.0% | 0.0x |
| 2024-09 | 40.1x | ₹6651 cr | 29.7% | 40.0% | 0.0x |
| 2024-08 | 40.4x | ₹6373 cr | 28.2% | 40.0% | 0.0x |
| 2024-07 | 40.6x | ₹6373 cr | 28.2% | 40.0% | 0.0x |
| 2024-06 | 36.4x | ₹6373 cr | 28.2% | 40.0% | 0.0x |
| 2024-05 | 33.6x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2024-04 | 33.2x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2024-03 | 38.5x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2024-02 | 33.5x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2024-01 | 28.3x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2023-12 | 17.9x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2023-11 | 17.0x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2023-10 | 16.4x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2023-09 | 17.4x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2023-08 | 17.4x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2023-07 | 16.4x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2023-06 | 16.3x | ₹5698 cr | 24.2% | 35.0% | 0.0x |
| 2023-05 | 14.6x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2023-04 | 14.3x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2023-03 | 13.0x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2023-02 | 12.6x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2023-01 | 12.1x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2022-12 | 12.0x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2022-11 | 12.3x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2022-10 | 11.5x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2022-09 | 11.8x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2022-08 | 12.6x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2022-07 | 12.5x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2022-06 | 12.3x | ₹5221 cr | 26.6% | 36.0% | 0.0x |
| 2022-05 | 14.1x | ₹4984 cr | 25.7% | 37.0% | 0.0x |
| 2022-04 | 15.3x | ₹4984 cr | 25.7% | 37.0% | 0.0x |
| 2022-03 | 15.4x | ₹4984 cr | 25.7% | 37.0% | 0.0x |
| 2022-02 | 14.5x | ₹4984 cr | 25.7% | 37.0% | 0.0x |
| 2022-01 | 15.1x | ₹4984 cr | 25.7% | 37.0% | 0.0x |
| 2021-12 | 17.1x | ₹4984 cr | 25.7% | 37.0% | 0.0x |
Older months are in the live observatory.