PC JEWELLER LIMITED (PCJEWELLER): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹15.2 latest close · +47.6% over the last 90 sessions

₹15.2 month-end · +53.5% over 12 months

₹15.2 month-end · +440.9% over 3 years

₹15.2 month-end · +108.2% since Jan '19

52-week range ₹7.47 to ₹20.10 · 1-year volatility 53.2%

Was the rally earned?

1 year5 years

+54%share price, 1 yearMultiple-driven

Partly.

Most of the rise came from investors paying a higher multiple (P/E 9.6x to 15.8x); per-share earnings took off 9 points.
The share count rose 57%.

Net profit growth+47 ptsNet profit rose about 46%, which lifts the price.

P/E change+62 ptsThe P/E rose from 9.6x to 15.8x, which lifts the price.

Share count change-56 ptsShare count rose 57%, which lowers the price.

+547%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 586 points, but investors now pay less per rupee of profit (P/E 18.1x to 15.8x), which took 39 points back.
The share count rose 86%.

Net profit growth+767 ptsNet profit rose about 1274%, which lifts the price.

P/E change-39 ptsThe P/E fell from 18.1x to 15.8x, which lowers the price.

Share count change-182 ptsShare count rose 86%, 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.

Not shown for 3 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 TITAN COMPANY

How rough has the ride been?

Maximum drawdown-94.5%recovered 2024-09

1-year volatility53.2%annualised

Beta vs sector index0.943-year daily, correlation 0.28

Volume spikes17last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-94.5% (2019-04 peak to 2020-03 low, recovered 2024-09)

-60.6% (2024-12 peak to 2026-03 low, not yet recovered)

-25.3% (2024-10 peak to 2024-11 low, recovered 2024-12)

Most recent volume spikes

2026-10-16: 5.2x the 50-day median, price +12.7% that day

2026-09-07: 7.3x the 50-day median, price +17.5% that day

2026-07-23: 5.2x the 50-day median, price -5.3% 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?

15.8xP/E todayWithin its usual range

Against its own history68th percentile

CheapestMedian 12.1xDearest

Usual range 7.1x to 20.6x since 2019-01.

Against Consumer Durables15.8x vs 25.5x

This company

15.8x

Sector median

25.5x

38% below the Consumer Durables median.

P/EP/BP/S

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

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Durables 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 Consumer Durables is valued

Where does it rank among Consumer Durables peers?

Each cell is the company's percentile rank among its Consumer Durables 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

ROCE25th▲ 6 pts vs a year ago
Op. margin94th▲ 10 pts vs a year ago
Revenue growth76th▼ 24 pts vs a year ago
EPS growth16th
Debt/equity ↓68th▲ 21 pts vs a year ago
Cash cycle ↓3rdflat vs a year ago
P/E ↓73rd▼ 25 pts vs a year ago
12M momentum93rd▲ 81 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 Consumer Durables sector page Watch it move against Consumer Durables in the Observatory

What is the price implying?

~69%annual earnings growth implied by the price

At a P/E of 889.2x, the price would imply about 68.5%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Earnings are near zero or the P/E is extreme, so implied growth is not meaningful.

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

What prices imply across Consumer Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹15.20
P/E: 15.8x
ROCE: 10.0%
Market Cap: ₹14888 cr
Revenue (TTM): ₹3504 cr
P/S: 4.2x
P/B: 1.8x
ROE: 11.5%
Operating Margin: 28.0%
Debt / Equity: 0.1x
Promoter Holding: 38.5%
12M Momentum: 53.5%

52-week range

₹7.47₹20.10

61% of the way from its 52-week low to its high

Price risk

1Y volatility

53.2%

Beta vs sector

1-year daily

0.86

Balance sheet & cash

Interest cover

operating profit ÷ interest

8.4x

Cash from profit, 3Y

operating cash flow ÷ net profit

-0.97x

low

Share count, 1Y

+36.0%

Are profits backed by cash?

4 of 7checks within range2 beyond a threshold

Other income reliance15%Within range

Other income as a share of pre-tax profit (trailing twelve months): 14.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate0%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: 0.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.97xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.97x (cash from operations ₹-646 cr, net profit ₹663 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+6 daysWithin range

Debtor days are above the median of the previous three fiscal years by 6 days (69 vs 63). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-5 days / 2 yrsWithin range

Days payable changed by -5 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, promoters trimmed 16.0 pts; FIIs added 11.4 pts; DIIs added 2.9 pts.
The number of shareholders rose from 2.3 lakh to 8.7 lakh (+278%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters54.5%38.5%-16.0 pts

FIIs0.8%12.2%+11.4 pts

DIIs1.4%4.3%+2.9 pts

Public and others43.2%45.0%+1.8 pts

Number of shareholders

8.7 lakhshareholders+278% 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

−8.4%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 PC JEWELLER 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 −35% to +30% vs the market, against −7% for all non-financial companies in the same months.
The gap against the base rate (−1.7%, 80% range −17.4% to +2.3%) 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 · 7 beyond the range shown, drawn at the edge

Similar setups' median

−8.4%

All companies' median

−6.7%

Beat the market

40% vs 42%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
DEEPINDS Industrial Services	Apr 2025	18x	10%	+57%	−28%	+3%
SANGHVIMOV Industrial Services	Dec 2023	32x	15%	+152%	−4%	−36%
NIITLTD Commercial Services	Apr 2022	25x	8%	+246%	−12%	−36%
BBL Producer Manufacturing	Jun 2024	40x	11%	+210%	−8%	−35%
JINDRILL Industrial Services	Apr 2024	24x	10%	+161%	−10%	−18%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
SARDAEN Non-Energy Minerals	Sep 2025	20x	15%	+22%	−14%	−8%
FSL Commercial Services	Feb 2021	20x	13%	+149%	−9%	+6%
TI Consumer Non-Durables	Nov 2023	33x	15%	+143%	−5%	+19%

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 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 PC JEWELLER 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.

INDIABULLSIBULLSLTD

Finance

61%similar

P/Edebt/equity

JAIPRAKASH POWER VENTURES LIMIJPPOWER

Utilities

55%similar

P/Emarket cap

INTELLECT DESIGN ARENAINTELLECT

Technology Services

51%similar

revenue growthrevenue

HEGHEG

Producer Manufacturing

50%similar

debt/equityROCE

SHARE INDIA SECURITIESSHAREINDIA

Finance

49%similar

revenue growthoperating margin

ANANT RAJANANTRAJ

Consumer Durables

45%similar

operating marginmarket cap

WAKEFIT INNOVATIONSWAKEFIT

Consumer Durables

41%similar

promoter holdingROCE

CARYSILCARYSIL

Consumer Durables

29%similar

promoter holdingrevenue growth

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

What changed?

30 events since Jul '24

2026
OctPriceVolume reached 5.2x its 50-day median on 2026-10-16; price +12.7% that day.
SepPromoterPromoter holding fell 2.2 pts to 38.5% (largest drop since 2025-12).
SepInstitutionsFII + DII holding rose 3.1 pts over 2 quarters to 16.5%.
SepDebtDebt / equity halved over 12 months to 0.14x.
JulSharesShare count is up 36.0% over 12 months.
JulPriceVolume reached 27.5x its 50-day median on 2026-07-09; price +2.2% that day.
JunPromoterPromoter holding rose 3.5 pts to 40.7% (largest rise in the history since 2019-01).
JunResultsYear-on-year EPS growth turned negative.

Show 22 earlier events

2026
JunPeer rankMoved into the 3rd quartile of Consumer Durables on ROCE (from the bottom quartile).
MayPriceVolume reached 8.6x its 50-day median on 2026-05-29; price +4.3% that day.
MarPriceFell 61% from the Dec 2024 peak to the Mar 2026 low.
MarPeer rankSlipped to the 2nd quartile of Consumer Durables on EPS growth (from the top quartile).
FebDebtDebt / equity halved over 12 months to 0.35x.
2025
DecPromoterPromoter holding fell 2.5 pts to 37.6% (largest drop since 2025-06).
DecResultsYear-on-year EPS growth turned positive.
DecPeer rankMoved into the top quartile of Consumer Durables on EPS growth (from the bottom quartile).
JulDebtDebt / equity halved over 12 months to 0.35x.
JulPriceVolume reached 44.5x its 50-day median on 2025-07-07; price +12.0% that day.
JunPromoterPromoter holding fell 3.5 pts to 40.0% (largest drop since 2025-03).
JunInstitutionsFII + DII holding rose 9.6 pts over 2 quarters to 14.4%.
JunDebtDebt / equity fell below 1.0x (0.35x).
JunSharesShare count is up 36.8% over 12 months.
MarPromoterPromoter holding fell 11.0 pts to 43.5%.
2024
DecResultsEPS (TTM) turned positive.
DecPriceRegained the 2024-10 peak, 1 month after the low.
DecValuationP/E crossed above the 90th percentile of its own history to date (529.0x).
DecPeer rankMoved into the top quartile of Consumer Durables on operating margin (from the 2nd quartile).
NovPriceFell 25% from the Oct 2024 peak to the Nov 2024 low.
SepPriceRegained the 2019-04 peak, 54 months after the low.
JulPriceVolume reached 16.0x its 50-day median on 2024-07-10; price +7.3% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history95 months · 2019-01 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	15.8x	₹3504 cr	11.5%	10.0%	0.1x
2026-10	16.1x	₹3504 cr	10.5%	10.0%	0.1x
2026-09	13.8x	₹3504 cr	10.5%	10.0%	0.1x
2026-08	11.2x	₹3352 cr	9.7%	10.0%	0.1x
2026-07	9.4x	₹3352 cr	9.7%	10.0%	0.1x
2026-06	8.9x	₹3352 cr	9.7%	10.0%	0.1x
2026-05	10.1x	₹3124 cr	11.7%	7.0%	0.3x
2026-04	9.9x	₹3124 cr	11.7%	7.0%	0.3x
2026-03	8.0x	₹3124 cr	11.7%	7.0%	0.3x
2026-02	10.6x	₹2888 cr	11.0%	7.0%	0.3x
2026-01	11.3x	₹2888 cr	11.0%	7.0%	0.3x
2025-12	10.1x	₹2888 cr	11.0%	7.0%	0.3x
2025-11	9.6x	₹2568 cr	10.4%	7.0%	0.3x
2025-10	11.3x	₹2568 cr	10.4%	7.0%	0.3x
2025-09	12.0x	₹2568 cr	10.4%	7.0%	0.3x
2025-08	11.7x	₹2244 cr	10.3%	7.0%	0.3x
2025-07	14.0x	₹2244 cr	10.3%	7.0%	0.3x
2025-06	11.0x	₹2244 cr	10.3%	7.0%	0.3x
2025-05	17.6x	₹1593 cr	13.6%	-2.0%	1.4x
2025-04	17.2x	₹1593 cr	13.6%	-2.0%	1.4x
2025-03	18.4x	₹1593 cr	13.6%	-2.0%	1.4x
2025-02	377.0x	₹994 cr	0.5%	-2.0%	1.4x
2025-01	481.3x	₹994 cr	0.5%	-2.0%	1.4x
2024-12	529.0x	₹994 cr	0.5%	-2.0%	1.4x
2024-11	—	₹938 cr	-11.4%	-2.0%	1.4x
2024-10	—	₹938 cr	-11.4%	-2.0%	1.4x
2024-09	—	₹938 cr	-11.4%	-2.0%	1.4x
2024-08	—	₹604 cr	-23.7%	-2.0%	1.4x
2024-07	—	₹604 cr	-23.7%	-2.0%	1.4x
2024-06	—	₹604 cr	-23.7%	-2.0%	1.4x
2024-05	—	₹2472 cr	-6.1%	5.0%	1.0x
2024-04	—	₹2472 cr	-6.1%	5.0%	1.0x
2024-03	—	₹2472 cr	-6.1%	5.0%	1.0x
2024-02	—	₹2472 cr	-6.1%	5.0%	1.0x
2024-01	—	₹2472 cr	-6.1%	5.0%	1.0x
2023-12	—	₹2472 cr	-6.1%	5.0%	1.0x
2023-11	—	₹2472 cr	-6.1%	5.0%	1.0x
2023-10	—	₹2472 cr	-6.1%	5.0%	1.0x
2023-09	—	₹2472 cr	-6.1%	5.0%	1.0x
2023-08	—	₹2472 cr	-6.1%	5.0%	1.0x
2023-07	—	₹2472 cr	-6.1%	5.0%	1.0x
2023-06	—	₹2472 cr	-6.1%	5.0%	1.0x
2023-05	—	₹1605 cr	-11.1%	-1.0%	0.9x
2023-04	—	₹1605 cr	-11.1%	-1.0%	0.9x
2023-03	—	₹1605 cr	-11.1%	-1.0%	0.9x
2023-02	—	₹1605 cr	-11.1%	-1.0%	0.9x
2023-01	—	₹1605 cr	-11.1%	-1.0%	0.9x
2022-12	—	₹1605 cr	-11.1%	-1.0%	0.9x
2022-11	—	₹1605 cr	-11.1%	-1.0%	0.9x
2022-10	—	₹1605 cr	-11.1%	-1.0%	0.9x
2022-09	—	₹1605 cr	-11.1%	-1.0%	0.9x
2022-08	—	₹1605 cr	-11.1%	-1.0%	0.9x
2022-07	—	₹1605 cr	-11.1%	-1.0%	0.9x
2022-06	—	₹1605 cr	-11.1%	-1.0%	0.9x
2022-05	15.5x	₹2825 cr	1.6%	6.0%	0.6x
2022-04	16.9x	₹2825 cr	1.6%	6.0%	0.6x
2022-03	16.1x	₹2825 cr	1.6%	6.0%	0.6x
2022-02	15.5x	₹2825 cr	1.6%	6.0%	0.6x
2022-01	20.2x	₹2825 cr	1.6%	6.0%	0.6x
2021-12	20.8x	₹2825 cr	1.6%	6.0%	0.6x
2021-11	18.1x	₹2825 cr	1.6%	6.0%	0.6x
2021-10	21.2x	₹2825 cr	1.6%	6.0%	0.6x
2021-09	20.5x	₹2825 cr	1.6%	6.0%	0.6x
2021-08	17.5x	₹2825 cr	1.6%	6.0%	0.6x
2021-07	18.8x	₹2825 cr	1.6%	6.0%	0.6x
2021-06	20.6x	₹2825 cr	1.6%	6.0%	0.6x
2021-05	12.9x	₹5206 cr	2.3%	8.0%	0.6x
2021-04	11.4x	₹5206 cr	2.3%	8.0%	0.6x
2021-03	12.9x	₹5206 cr	2.3%	8.0%	0.6x
2021-02	14.2x	₹5206 cr	2.3%	8.0%	0.6x
2021-01	12.4x	₹5206 cr	2.3%	8.0%	0.6x
2020-12	12.1x	₹5206 cr	2.3%	8.0%	0.6x
2020-11	7.3x	₹5206 cr	2.3%	8.0%	0.6x
2020-10	7.3x	₹5206 cr	2.3%	8.0%	0.6x
2020-09	6.7x	₹5206 cr	2.3%	8.0%	0.6x
2020-08	7.8x	₹5206 cr	2.3%	8.0%	0.6x
2020-07	7.0x	₹5206 cr	2.3%	8.0%	0.6x
2020-06	8.0x	₹5206 cr	2.3%	8.0%	0.6x
2020-05	—	₹8672 cr	0.0%	7.0%	0.5x
2020-04	—	₹8672 cr	0.0%	7.0%	0.5x
2020-03	—	₹8672 cr	0.0%	7.0%	0.5x
2020-02	—	₹8672 cr	0.0%	7.0%	0.5x
2020-01	—	₹8672 cr	0.0%	7.0%	0.5x
2019-12	—	₹8672 cr	0.0%	7.0%	0.5x
2019-11	—	₹8672 cr	0.0%	7.0%	0.5x
2019-10	—	₹8672 cr	0.0%	7.0%	0.5x
2019-09	—	₹8672 cr	0.0%	7.0%	0.5x
2019-08	—	₹8672 cr	0.0%	7.0%	0.5x
2019-07	—	₹8672 cr	0.0%	7.0%	0.5x
2019-06	—	₹8672 cr	0.0%	7.0%	0.5x
2019-05	5.7x	₹9610 cr	15.2%	23.0%	0.3x
2019-04	8.8x	₹9610 cr	15.2%	23.0%	0.3x
2019-03	6.0x	₹9610 cr	15.2%	23.0%	0.3x
2019-02	5.2x	₹9610 cr	15.2%	23.0%	0.3x
2019-01	5.4x	₹9610 cr	15.2%	23.0%	0.3x

Methodology and data notes