अApnaFunda

PELATRO LIMITED (PELATRO)

Technology Services · Packaged Software · 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 65Balance sheet 44

Passes these screensDebt-light & profitable

Share price

Closing priceAdjusted for splits and bonus issues.

₹382 latest close · +38.9% over the last 90 sessions

₹250₹300₹350₹400Jun 25Jul 27Aug 20Sep 15Oct 13Nov 9 ₹250₹300₹350₹400Jun 25Sep 2Nov 9

₹382 month-end · +3.6% over 12 months

₹250₹300₹350₹400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹250₹300₹350₹400Nov '25May '26Nov '26

₹382 month-end · +38.4% since Sep '24

₹300₹400₹500Sep '24Feb '25Jul '25Jan '26Jun '26Nov '26 ₹300₹400₹500Sep '24Oct '25Nov '26

52-week range ₹246.00 to ₹404.50 · 1-year volatility 62.8%

Was the rally earned?

+4%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (+4%).
  • The share count barely moved.
Net profit growth: +43 pts. Points of the price return explained by net profit growing (or shrinking).+43 ptsNet profit growthP/E change: −37 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−37 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: +4%+4%Share priceNet profit growth: +43 pts. Points of the price return explained by net profit growing (or shrinking).+43ProfitP/E change: −37 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−37P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +4%+4%Share price
Net profit growth+43 ptsNet profit rose about 52%, which lifts the price.
P/E change-37 ptsThe P/E fell from 29.1x to 20.3x, which lowers the price.
Share count change-2 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

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

Compare this with ONE 97 COMMUNICATIONS PAYTM

How rough has the ride been?

Maximum drawdown-53.5%not yet recovered
1-year volatility62.8%annualised

Drawdown from peak

0%−20%−40%20252026−52.7% 0%−20%−40%20252026−52.7%
Largest drawdowns

-53.5% (2024-12 peak to 2026-07 low, not yet recovered)

-23.3% (2024-11 peak to 2024-12 low, recovered 2024-12)

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

  • ROCE61stflat vs a year ago
  • Op. margin70th▼ 3 pts vs a year ago
  • Revenue growth91stflat vs a year ago
  • EPS growth82nd
  • Debt/equity ↓23rd▲ 11 pts vs a year ago
  • Cash cycle ↓57thflat vs a year ago
  • P/E ↓54th▲ 5 pts vs a year ago
  • 12M momentum78thflat 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 Technology Services sector page Watch it move against Technology Services in the Observatory

What is the price implying?

~25%annual earnings growth implied by the price

At a P/E of 43.4x, the price would imply about 24.5%/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 Technology Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹382.00
P/E
20.3x
ROCE
19.0%
Market Cap
₹404 cr
Revenue (TTM)
₹152 cr
P/S
2.7x
P/B
3.9x
ROE
19.2%
Operating Margin
19.6%
Debt / Equity
0.4x
Promoter Holding
52.6%
12M Momentum
3.6%

52-week range

₹246.00₹404.50
86% of the way from its 52-week low to its high

Price risk

1Y volatility
62.8%
Beta vs sector
1-year daily
0.21

Balance sheet & cash

Interest cover
operating profit ÷ interest
5.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
2.32x
Share count, 1Y
+10.0%

Are profits backed by cash?

3 of 6checks within range1 beyond a threshold
Other income reliance17%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 16.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate5%Near threshold

Median quarterly effective tax rate over about 2.5 years: 5.4%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion2.32xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.32x (cash from operations ₹65 cr, net profit ₹28 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 3 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 3: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-13 daysWithin range

Debtor days are below the median of the previous three fiscal years by 13 days (71 vs 84). 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—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 3.1 pts; DIIs trimmed 2.0 pts; promoters trimmed 1.0 pts.

Holdings, Mar '26

How each group changed

GroupSep '24Mar '26Change
Promoters53.6%52.6%-1.0 pts
FIIs5.6%2.4%-3.1 pts
DIIs3.6%1.6%-2.0 pts
Public and others37.3%43.4%+6.1 pts

Number of shareholders

975shareholders-1% since Sep '24
861904946989 Sep '24Mar '25Sep '25Mar '26
Sep '24: 989
Mar '25: 861
Sep '25: 919
Mar '26: 975
861904946989 Sep '24Mar '25Sep '25Mar '26
Sep '24: 989
Mar '25: 861
Sep '25: 919
Mar '26: 975

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+2.2%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like PELATRO 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 −26% to +37% vs the market, against −6% for all non-financial companies in the same months.
  • The gap against the base rate (+8.3%, 80% range −0.3% to +15.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
VPRPL · Oct 2024: −70.0% vs market
DYNAMIC · Sep 2024: −51.6% vs market
GGBL · Jul 2025: −50.5% vs market
MASON · Aug 2025: −46.3% vs market
ANNAPURNA · Aug 2024: −43.8% vs market
ATMASTCO · Aug 2025: −41.9% vs market
ALANKIT · Dec 2020: −41.0% vs market
DEVIT · Nov 2024: −40.1% vs market
EKC · Nov 2021: −36.8% vs market
GEOJITFSL · Aug 2024: −34.8% vs market
LIBAS · Feb 2020: −33.9% vs market
CGRAPHICS · Jun 2025: −28.2% vs market
PRAMARA · Jun 2025: −26.9% vs market
THEMISMED · Jul 2021: −22.1% vs market
TALBROAUTO · Jul 2024: −21.2% vs market
KRISHCA · Jun 2024: −14.2% vs market
VINSYS · Jan 2025: −14.2% vs market
STEELCAS · Apr 2023: −11.9% vs market
NILAINFRA · Dec 2020: −8.7% vs market
ROHLTD · Feb 2024: −7.6% vs market
ONEPOINT · May 2025: −2.9% vs market
GPECO · Jun 2025: −2.9% vs market
SANGHVIMOV · Oct 2025: −2.3% vs market
KRISHANA · Feb 2020: −0.6% vs market
VADILALIND · Jun 2023: +1.3% vs market
SAKAR · Jun 2021: +3.1% vs market
KECL · Jan 2024: +4.5% vs market
ALPEXSOLAR · May 2025: +6.1% vs market
RAPPID · Oct 2025: +6.5% vs market
AVTNPL · Nov 2020: +13.1% vs market
VIMTALABS · Oct 2021: +17.2% vs market
ASIANENE · Aug 2025: +18.6% vs market
CARYSIL · Aug 2025: +21.9% vs market
TDPOWERSYS · Dec 2021: +27.7% vs market
ROSSELLIND · Apr 2022: +30.0% vs market
ANLON · Aug 2025: +35.0% vs market
UNIVASTU · Oct 2023: +36.0% vs market
CONFIPET · Jan 2021: +36.7% vs market
TRANSTEEL · Jan 2025: +39.6% vs market
ORBTEXP · Jul 2022: +40.0% vs market
TPLPLASTEH · Nov 2023: +44.7% vs market
SOUTHWEST · Jun 2025: +45.8% vs market
KABRAEXTRU · Sep 2021: +48.4% vs market
MBAPL · Jul 2020: +53.8% vs market
RADHIKAJWE · Jan 2024: +54.7% vs market
DYNPRO · Jan 2021: +57.0% vs market
CYBERTECH · Sep 2020: +61.9% vs market
JASH · Jun 2020: +98.7% vs market
ICEMAKE · Jun 2022: +169.6% vs market
BETA · Sep 2020: +172.2% vs market
Similar setups +2.2%All companies −6.1%← 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
+2.2%
All companies' median
−6.1%
Beat the market
52% vs 43%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KRISHANA
Process Industries
Feb 2020 9x16% −12%— −1%
KRISHCA
Producer Manufacturing
Jun 2024 29x— +82%0% −14%
BETA
Health Technology
Sep 2020 10x21% +44%−4% +172%
CGRAPHICS
Commercial Services
Jun 2025 24x26% +12%−10% −28%
SAKAR
Health Technology
Jun 2021 23x13% +105%0% +3%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SOUTHWEST
Energy Minerals
Jun 2025 26x13% +24%−10% +46%
LIBAS
Consumer Non-Durables
Feb 2020 14x23% −27%— −34%
NILAINFRA
Industrial Services
Dec 2020 14x16% +38%−3% −9%
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: P/S, P/E and size. 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 PELATRO 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 changed?

9 events since Jun '25

  1. OctSharesShare count is up 10.0% over 12 months.
  2. JulPriceFell 54% from the Dec 2024 peak to the Jul 2026 low.
  3. JunDividendStarted paying a dividend (payout 6% of profit).
  4. AprDebtDebt / equity halved over 12 months to 0.53x.
  5. SepDebtDebt / equity halved over 12 months to 0.53x.
  6. SepSharesShare count is up 42.9% over 12 months.
  7. JunResultsEPS (TTM) turned positive.
  8. JunInstitutionsFII + DII holding fell 3.9 pts over 1 quarter to 5.2%.
Show 1 earlier event
  1. JunDebtDebt / equity fell below 1.0x (0.53x).

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 history27 months · 2024-09 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1120.3x₹152 cr19.2%19.0%0.4x
2026-1018.0x₹152 cr19.2%19.0%0.4x
2026-0921.2x₹152 cr19.2%19.0%0.4x
2026-0820.6x₹138 cr17.4%19.0%0.4x
2026-0715.3x₹138 cr17.4%19.0%0.4x
2026-0616.7x₹138 cr17.4%19.0%0.4x
2026-0518.5x₹124 cr19.9%20.0%0.5x
2026-0420.7x₹124 cr19.9%20.0%0.5x
2026-0318.1x₹124 cr19.9%20.0%0.5x
2026-0220.7x₹108 cr19.1%20.0%0.5x
2026-0121.5x₹108 cr19.1%20.0%0.5x
2025-1225.3x₹108 cr19.1%20.0%0.5x
2025-1129.1x₹94 cr16.7%20.0%0.5x
2025-1027.5x₹94 cr16.7%20.0%0.5x
2025-0930.0x₹94 cr16.7%20.0%0.5x
2025-0832.7x₹86 cr15.1%20.0%0.5x
2025-0734.0x₹86 cr15.1%20.0%0.5x
2025-0636.3x₹86 cr15.1%20.0%0.5x
2025-05—₹55 cr-15.7%—1.7x
2025-04—₹55 cr-15.7%—1.7x
2025-03—₹55 cr-15.7%—1.7x
2025-02—₹55 cr-15.7%—1.7x
2025-01—₹55 cr-15.7%—1.7x
2024-12—₹55 cr-15.7%—1.7x
2024-11—₹55 cr-15.7%—1.7x
2024-10—₹55 cr-15.7%—1.7x
2024-09—₹55 cr-15.7%—1.7x

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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