RAYMOND LIMITED (RAYMOND): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹1,091.2 latest close · +79.5% over the last 90 sessions

₹1,091.2 month-end · +126.0% over 12 months

₹1,091.2 month-end · +19.8% over 3 years

₹1,091.2 month-end · +138.7% since Jan '19

52-week range ₹320.00 to ₹1339.00 · 1-year volatility 51.4%

Was the rally earned?

1 year3 years

+126%share price, 1 yearMultiple-driven

Partly.

Most of the rise came from investors paying a higher multiple (P/E 0.3x to 113.5x); per-share earnings took off 773 points.
The share count rose 70%.

Net profit growth-691 ptsNet profit fell about 99%, which lowers the price.

P/E change+899 ptsThe P/E rose from 0.3x to 113.5x, which lifts the price.

Share count change-82 ptsShare count rose 70%, which lowers the price.

+20%share price, 3 yearsMultiple-driven

Partly.

Most of the rise came from investors paying a higher multiple (P/E 11.5x to 195.9x); per-share earnings took off 291 points.
The share count rose 68%.

Net profit growth-234 ptsNet profit fell about 88%, which lowers the price.

P/E change+311 ptsThe P/E rose from 11.5x to 195.9x, which lifts the price.

Share count change-57 ptsShare count rose 68%, 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 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 VARDHMAN TEXTILES LIMTED

How rough has the ride been?

Maximum drawdown-83.6%not yet recovered

1-year volatility51.4%annualised

Beta vs sector index1.163-year daily, correlation 0.34

Volume spikes15last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-83.6% (2024-07 peak to 2026-03 low, not yet recovered)

-74.9% (2019-05 peak to 2020-03 low, recovered 2022-04)

-36.1% (2022-06 peak to 2022-06 low, recovered 2022-11)

Most recent volume spikes

2026-09-28: 7x the 50-day median, price -1.4% that day

2026-09-24: 12.2x the 50-day median, price +8.0% that day

2026-09-23: 7.3x the 50-day median, price -0.2% 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?

195.9xP/E todayNear its historic high

Against its own history97th percentile

CheapestMedian 13.8xDearest

Usual range 5.4x to 23.0x since 2019-01.

Against Process Industries195.9x vs 18.1x

This company

195.9x

Sector median

18.1x

983% above the Process Industries median.

P/EP/BP/S

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

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianProcess Industries 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 Process Industries is valued

Where does it rank among Process Industries peers?

Each cell is the company's percentile rank among its Process Industries 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

ROCE15th▲ 5 pts vs a year ago
Op. margin58th▲ 8 pts vs a year ago
Revenue growth64th▲ 11 pts vs a year ago
EPS growth97th▲ 5 pts vs a year ago
Debt/equity ↓49th▼ 17 pts vs a year ago
Cash cycle ↓31st▲ 4 pts vs a year ago
P/E ↓2nd
12M momentum98th▲ 92 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 Process Industries sector page Watch it move against Process Industries in the Observatory

What is the price implying?

~-2%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 4.1x, a holder earning 12%/yr needs earnings to grow about −2.2%/yr for 10 years, then trade at 15x.

Delivered68.4%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg

Gap−62.2 ptsimplied minus delivered

Rank856thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	−1.0%	−0.1%	0.8%
15x	−3.1%	−2.2%	−1.4%
20x	−5.8%	−4.9%	−4.1%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: −2.2%/yr

Looking back

Jan 2020Price implied 16%/yr; EPS has since grown 61%/yr (7.0 yrs)
Jan 2021Price implied 7%/yr; EPS has since grown 72%/yr (6.0 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 Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹1091.20
P/E: 195.9x
ROCE: 3.0%
Market Cap: ₹7265 cr
Revenue (TTM): ₹2294 cr
P/S: 3.2x
P/B: 2.6x
ROE: 1.3%
Operating Margin: 13.0%
Debt / Equity: 0.4x
Promoter Holding: 48.9%
12M Momentum: 126.0%

52-week range

₹320.00₹1339.00

76% of the way from its 52-week low to its high

Price risk

1Y volatility

51.4%

Beta vs sector

1-year daily

1.34

Balance sheet & cash

Interest cover

operating profit ÷ interest

-0.1x

Cash from profit, 3Y

operating cash flow ÷ net profit

0.06x

low

Share count, 1Y

unchanged

Are profits backed by cash?

4 of 6checks within range2 beyond a threshold

Other income reliance—Not enough data

Not enough reported data to compute this.

Tax rate1%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: 1.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.06xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.06x (cash from operations ₹808 cr, net profit ₹14,640 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+10 daysWithin range

Debtor days are above the median of the previous three fiscal years by 10 days (86 vs 76). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress3% of fixed assetsWithin range

Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-2061 days / 2 yrsWithin range

Days payable changed by -2061 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, FIIs trimmed 9.8 pts; DIIs trimmed 2.2 pts.
The number of shareholders rose from 1.6 lakh to 2.7 lakh (+72%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters49.1%48.9%-0.2 pts

FIIs17.7%7.9%-9.8 pts

DIIs6.0%3.8%-2.2 pts

Public and others27.1%39.4%+12.2 pts

Number of shareholders

2.7 lakhshareholders+72% since Sep '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

−14.3%typical 12-month return vs the marketBelow the base rate

We found 50 past situations where a non-financial company looked like RAYMOND 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 −27% to +22% vs the market, against −4% for all non-financial companies in the same months.
The analogs' median sat below that base rate (gap −10.4%, 80% range −17.9% to −3.9%), but the matches cluster in only 5 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median

−14.3%

All companies' median

−3.9%

Beat the market

38% vs 46%

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

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
TEXRAIL Producer Manufacturing	Dec 2023	211x	6%	+202%	−4%	−4%
JPPOWER Utilities	May 2024	241x	5%	+221%	−17%	−23%
BHEL Producer Manufacturing	Jun 2024	371x	3%	+243%	−6%	−13%
GENUSPOWER Electronic Technology	Aug 2023	231x	6%	+204%	−2%	+20%
SOBHA Finance	Mar 2024	145x	8%	+237%	−11%	−16%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
ESTER Process Industries	Nov 2020	231x	7%	+280%	−4%	−33%
ANANTRAJ Consumer Durables	Aug 2021	179x	1%	+262%	−11%	+26%
PPLPHARMA Health Technology	Feb 2025	543x	5%	+44%	−35%	−30%

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, P/E and volatility. 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 RAYMOND 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.

SOLARA ACTIVE PHARMA SCIENSOLARA

Health Technology

62%similar

ROCEpromoter holding

LLOYDS ENTERPRISESLLOYDSENT

Distribution Services

59%similar

volatilityROCE

BLUESTONE JEWELLERY N LIFESTBLUESTONE

Retail Trade

58%similar

P/Evolatility

ELECTROSTEEL CASTINGSELECTCAST

Non-Energy Minerals

58%similar

promoter holdingEPS growth

PRAJ INDUSTRIESPRAJIND

Industrial Services

57%similar

EPS growthP/E

NACL INDUSTRIESNACLIND

Process Industries

74%similar

P/EEPS growth

XPRO INDIAXPROINDIA

Process Industries

58%similar

volatilityROCE

GUJARAT ALKALIS & CHEMICALS LTGUJALKALI

Process Industries

57%similar

EPS growthpromoter holding

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

What changed?

30 events since Jun '23

2026
SepValuationP/E crossed above the 90th percentile of its own history to date (217.8x).
SepPriceVolume reached 44.7x its 50-day median on 2026-09-15; price -0.7% that day.
JunInstitutionsFII + DII holding fell 3.8 pts over 2 quarters to 13.3%.
MayPriceVolume reached 17.5x its 50-day median on 2026-05-06; price +17.1% that day.
MarPriceFell 84% from the Jul 2024 peak to the Mar 2026 low.
MarPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
JanDebtDebt / equity halved over 12 months to 0.20x.
JanPriceVolume reached 13.2x its 50-day median on 2026-01-27; price +4.9% that day.

Show 22 earlier events

2025
DecPeer rankSlipped to the 3rd quartile of Process Industries on operating margin (from the 2nd quartile).
NovPriceVolume reached 8.8x its 50-day median on 2025-11-24; price -5.9% that day.
SepInstitutionsFII + DII holding fell 4.0 pts over 2 quarters to 18.6%.
SepPeer rankMoved into the 2nd quartile of Process Industries on operating margin (from the 3rd quartile).
JulPriceVolume reached 77.9x its 50-day median on 2025-07-01; price +6.7% that day.
JunDebtDebt / equity halved over 12 months to 0.20x.
JunDividendDividend payout cut from 4% to 0% of profit.
JunPriceVolume reached 56.4x its 50-day median on 2025-06-30; price +13.6% that day.
MarPriceVolume reached 18.6x its 50-day median on 2025-03-18; price +16.0% that day.
2024
DecPriceVolume reached 50.6x its 50-day median on 2024-12-10; price +11.6% that day.
JulValuationP/E fell below the 10th percentile of its own history to date (4.9x).
JulPriceVolume reached 29.5x its 50-day median on 2024-07-05; price +9.8% that day.
JunPeer rankSlipped to the bottom quartile of Process Industries on ROCE (from the 2nd quartile).
JunPriceVolume reached 12.1x its 50-day median on 2024-06-26; price +7.8% that day.
MayPriceRegained the 2023-09 peak, 6 months after the low.
AprPeer rankSlipped to the 2nd quartile of Process Industries on ROCE (from the top quartile).
FebPriceVolume reached 12.9x its 50-day median on 2024-02-21; price +5.8% that day.
2023
DecPriceVolume reached 13.4x its 50-day median on 2023-12-01; price +3.9% that day.
NovPriceFell 31% from the Sep 2023 peak to the Nov 2023 low.
SepPriceVolume reached 21.4x its 50-day median on 2023-09-05; price +9.9% that day.
JunResultsRevenue (TTM) reached a new high of ₹8,215 cr.
JunPeer rankMoved into the top quartile of Process Industries on ROCE (from the 3rd quartile).

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	195.9x	₹2294 cr	1.3%	3.0%	0.4x
2026-10	197.5x	₹2294 cr	1.3%	3.0%	0.4x
2026-09	217.8x	₹2294 cr	1.3%	3.0%	0.4x
2026-08	—	₹2212 cr	110.5%	3.0%	0.4x
2026-07	—	₹2212 cr	110.5%	3.0%	0.4x
2026-06	—	₹2212 cr	110.5%	3.0%	0.4x
2026-05	—	₹2166 cr	86.5%	1.0%	0.2x
2026-04	—	₹2166 cr	86.5%	1.0%	0.2x
2026-03	—	₹2166 cr	86.5%	1.0%	0.2x
2026-02	—	₹2075 cr	87.6%	1.0%	0.2x
2026-01	—	₹2075 cr	87.6%	1.0%	0.2x
2025-12	—	₹2075 cr	87.6%	1.0%	0.2x
2025-11	—	₹2021 cr	88.3%	1.0%	0.2x
2025-10	—	₹2021 cr	88.3%	1.0%	0.2x
2025-09	—	₹2021 cr	88.3%	1.0%	0.2x
2025-08	—	₹1947 cr	120.4%	1.0%	0.2x
2025-07	—	₹1947 cr	120.4%	1.0%	0.2x
2025-06	—	₹1947 cr	120.4%	1.0%	0.2x
2025-05	—	₹1656 cr	98.1%	0.0%	0.9x
2025-04	—	₹1656 cr	98.1%	0.0%	0.9x
2025-03	—	₹1656 cr	98.1%	0.0%	0.9x
2025-02	—	₹1868 cr	99.5%	0.0%	0.9x
2025-01	—	₹1868 cr	99.5%	0.0%	0.9x
2024-12	—	₹1868 cr	99.5%	0.0%	0.9x
2024-11	—	₹1864 cr	100.8%	0.0%	0.9x
2024-10	—	₹1864 cr	100.8%	0.0%	0.9x
2024-09	—	₹1864 cr	100.8%	0.0%	0.9x
2024-08	4.9x	₹973 cr	20.9%	0.0%	0.9x
2024-07	4.9x	₹973 cr	20.9%	0.0%	0.9x
2024-06	7.2x	₹973 cr	20.9%	0.0%	0.9x
2024-05	16.9x	₹8215 cr	10.9%	21.0%	0.9x
2024-04	16.0x	₹8215 cr	10.9%	21.0%	0.9x
2024-03	13.8x	₹8215 cr	10.9%	21.0%	0.9x
2024-02	14.0x	₹8215 cr	10.9%	21.0%	0.9x
2024-01	13.5x	₹8215 cr	10.9%	21.0%	0.9x
2023-12	13.1x	₹8215 cr	10.9%	21.0%	0.9x
2023-11	11.5x	₹8215 cr	10.9%	21.0%	0.9x
2023-10	13.4x	₹8215 cr	10.9%	21.0%	0.9x
2023-09	13.8x	₹8215 cr	10.9%	21.0%	0.9x
2023-08	15.3x	₹8215 cr	10.9%	21.0%	0.9x
2023-07	14.5x	₹8215 cr	10.9%	21.0%	0.9x
2023-06	12.9x	₹8215 cr	10.9%	21.0%	0.9x
2023-05	24.3x	₹6179 cr	6.6%	13.0%	1.0x
2023-04	24.7x	₹6179 cr	6.6%	13.0%	1.0x
2023-03	18.9x	₹6179 cr	6.6%	13.0%	1.0x
2023-02	19.7x	₹6179 cr	6.6%	13.0%	1.0x
2023-01	23.7x	₹6179 cr	6.6%	13.0%	1.0x
2022-12	22.8x	₹6179 cr	6.6%	13.0%	1.0x
2022-11	21.1x	₹6179 cr	6.6%	13.0%	1.0x
2022-10	18.6x	₹6179 cr	6.6%	13.0%	1.0x
2022-09	15.9x	₹6179 cr	6.6%	13.0%	1.0x
2022-08	14.9x	₹6179 cr	6.6%	13.0%	1.0x
2022-07	14.8x	₹6179 cr	6.6%	13.0%	1.0x
2022-06	13.6x	₹6179 cr	6.6%	13.0%	1.0x
2022-05	—	₹3446 cr	-8.5%	-4.0%	1.2x
2022-04	—	₹3446 cr	-8.5%	-4.0%	1.2x
2022-03	—	₹3446 cr	-8.5%	-4.0%	1.2x
2022-02	—	₹3446 cr	-8.5%	-4.0%	1.2x
2022-01	—	₹3446 cr	-8.5%	-4.0%	1.2x
2021-12	—	₹3446 cr	-8.5%	-4.0%	1.2x
2021-11	—	₹3446 cr	-8.5%	-4.0%	1.2x
2021-10	—	₹3446 cr	-8.5%	-4.0%	1.2x
2021-09	—	₹3446 cr	-8.5%	-4.0%	1.2x
2021-08	—	₹3446 cr	-8.5%	-4.0%	1.2x
2021-07	—	₹3446 cr	-8.5%	-4.0%	1.2x
2021-06	—	₹3446 cr	-8.5%	-4.0%	1.2x
2021-05	7.4x	₹6482 cr	5.0%	9.0%	1.1x
2021-04	6.4x	₹6482 cr	5.0%	9.0%	1.1x
2021-03	7.2x	₹6482 cr	5.0%	9.0%	1.1x
2021-02	7.4x	₹6482 cr	5.0%	9.0%	1.1x
2021-01	6.4x	₹6482 cr	5.0%	9.0%	1.1x
2020-12	6.8x	₹6482 cr	5.0%	9.0%	1.1x
2020-11	6.4x	₹6482 cr	5.0%	9.0%	1.1x
2020-10	5.4x	₹6482 cr	5.0%	9.0%	1.1x
2020-09	5.8x	₹6482 cr	5.0%	9.0%	1.1x
2020-08	5.8x	₹6482 cr	5.0%	9.0%	1.1x
2020-07	4.8x	₹6482 cr	5.0%	9.0%	1.1x
2020-06	5.5x	₹6482 cr	5.0%	9.0%	1.1x
2020-05	5.0x	₹6582 cr	5.3%	11.0%	1.3x
2020-04	5.3x	₹6582 cr	5.3%	11.0%	1.3x
2020-03	4.9x	₹6582 cr	5.3%	11.0%	1.3x
2020-02	11.2x	₹6582 cr	5.3%	11.0%	1.3x
2020-01	14.3x	₹6582 cr	5.3%	11.0%	1.3x
2019-12	14.8x	₹6582 cr	5.3%	11.0%	1.3x
2019-11	16.3x	₹6582 cr	5.3%	11.0%	1.3x
2019-10	12.9x	₹6582 cr	5.3%	11.0%	1.3x
2019-09	12.4x	₹6582 cr	5.3%	11.0%	1.3x
2019-08	12.6x	₹6582 cr	5.3%	11.0%	1.3x
2019-07	14.6x	₹6582 cr	5.3%	11.0%	1.3x
2019-06	16.2x	₹6582 cr	5.3%	11.0%	1.3x
2019-05	22.9x	₹5906 cr	4.6%	9.0%	1.3x
2019-04	21.3x	₹5906 cr	4.6%	9.0%	1.3x
2019-03	22.4x	₹5906 cr	4.6%	9.0%	1.3x
2019-02	21.2x	₹5906 cr	4.6%	9.0%	1.3x
2019-01	20.8x	₹5906 cr	4.6%	9.0%	1.3x

Methodology and data notes