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RELIABLE DATA SERVICES LTD (RELIABLE)

Technology Services

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.46 / 100
Profitability 33Growth 81Balance sheet 25
Compare withSAGILITY LIMITEDPINE LABS LTDCOMPUTER AGE MANAGEMENT SERV

Passes these screens: Cash Rich

Share Price
₹126.62
P/E
14.4x
ROCE
11.0%
Market Cap
₹131 cr
Revenue (TTM)
₹205 cr
P/S
0.6x
P/B
1.8x
ROE
12.8%
Operating Margin
7.9%
Debt / Equity
0.6x
Promoter Holding
67.8%
12M Momentum
-8.7%
P/E vs its own history51st percentilesince Feb '19
P/E vs Technology Services0.7xthe sector median

52-week range

₹104.74₹175.00
31% of the way from its 52-week low to its high

Price risk

1Y volatility
42.9%
Beta vs sector
1-year daily
0.36

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.82x
Share count, 1Y
unchanged

Was the rally earned?

-9%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 18 points, while the multiple moved less (P/E 13.1x to 14.4x).
  • The share count barely moved.
1 year Net profit growth: -19 pts. Points of the price return explained by net profit growing (or shrinking).-19 ptsP/E change: +9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+9 ptsShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price. -9% 1 year Net profit growth: -19 pts. Points of the price return explained by net profit growing (or shrinking).-19 ptsP/E change: +9 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+9 ptsShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price. -9%
Net profit growth-19 ptsNet profit fell about 18%, which lowers the price.
P/E change+9 ptsThe P/E rose from 13.1x to 14.4x, which lifts the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+90%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 116 points, but investors now pay less per rupee of profit (P/E 17.3x to 14.4x), which took 26 points back.
  • The share count fell 21%.
3 years Net profit growth: +83 pts. Points of the price return explained by net profit growing (or shrinking).+83 ptsP/E change: -26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-26 ptsShare count change: +32 pts. Points of the price return explained by the share count changing. More shares count against the price.+32 pts +90% 3 years Net profit growth: +83 pts. Points of the price return explained by net profit growing (or shrinking).+83 ptsP/E change: -26 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.Share count change: +32 pts. Points of the price return explained by the share count changing. More shares count against the price.+32 pts +90%
Net profit growth+83 ptsNet profit rose about 81%, which lifts the price.
P/E change-26 ptsThe P/E fell from 17.3x to 14.4x, which lowers the price.
Share count change+32 ptsShare count fell 21%, which lifts the price.
+229%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 326 points, but investors now pay less per rupee of profit (P/E 23.9x to 14.4x), which took 97 points back.
  • The share count barely moved.
5 years Net profit growth: +326 pts. Points of the price return explained by net profit growing (or shrinking).+326 ptsP/E change: -97 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-97 pts +229% 5 years Net profit growth: +326 pts. Points of the price return explained by net profit growing (or shrinking).+326 ptsP/E change: -97 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-97 pts +229%
Net profit growth+326 ptsNet profit rose about 445%, which lifts the price.
P/E change-97 ptsThe P/E fell from 23.9x to 14.4x, which lowers the price.
Share count change0 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.

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

Compare this with SAGILITY

Is it expensive against its own past and its peers?

14.4xP/E todayWithin its usual range
Against its own history51st percentileMedian 14.4x; usual range 7.4x to 22.0x since 2019-02.
Against Technology Services14.4x vs 20.0xBelow the Technology Services median.
5.3x17.4x29.5x41.6xFeb '19Sep '20Apr '22Nov '23Jun '25Oct '265.3x17.4x29.5x41.6xFeb '19Sep '21Apr '24Oct '26
P/E (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianTechnology Services median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dashed 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 Technology Services is valued

What is the price implying?

~16%annual earnings growth implied by the price

At a P/E of 21.1x, the price would imply about 15.8%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“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

What changed?

  1. Sep '26Revenue (TTM) reached a new high of ₹205 cr.
  2. Sep '26Moved into the 3rd quartile of Technology Services on operating margin (from the bottom quartile).
  3. Jun '26Year-on-year EPS growth turned negative.
  4. Jun '26Slipped to the bottom quartile of Technology Services on operating margin (from the top quartile).
  5. Jun '26Started paying a dividend (payout 1% of profit).
  6. Mar '26Promoter holding fell 4.0 pts to 67.8%.
  7. Mar '26Fell 34% from the Jan 2026 peak to the Mar 2026 low.
  8. Mar '26Moved into the top quartile of Technology Services on operating margin (from the 3rd quartile).
Show 22 earlier events
  1. Jan '26Regained the 2025-08 peak, 3 months after the low.
  2. Oct '25Fell 31% from the Aug 2025 peak to the Oct 2025 low.
  3. Sep '25Moved into the 3rd quartile of Technology Services on operating margin (from the bottom quartile).
  4. Aug '25Regained the 2024-08 peak, 6 months after the low.
  5. Jun '25Slipped to the bottom quartile of Technology Services on operating margin (from the 2nd quartile).
  6. Jun '25Dividend payout cut from 1% to 0% of profit.
  7. Mar '25Moved into the 2nd quartile of Technology Services on operating margin (from the 3rd quartile).
  8. Feb '25Fell 42% from the Aug 2024 peak to the Feb 2025 low.
  9. Dec '24Slipped to the 3rd quartile of Technology Services on operating margin (from the 2nd quartile).
  10. Sep '24Moved into the 2nd quartile of Technology Services on EPS growth (from the 3rd quartile).
  11. Jul '24Regained the 2023-12 peak, 1 month after the low.
  12. Jul '24P/E crossed above the 90th percentile of its own history to date (23.5x).
  13. Jun '24Revenue (TTM) reached a new high of ₹79 cr.
  14. Jun '24Fell 43% from the Dec 2023 peak to the Jun 2024 low.
  15. Jun '24Slipped to the 3rd quartile of Technology Services on EPS growth (from the 2nd quartile).
  16. Nov '23Regained the 2022-07 peak, 13 months after the low.
  17. Jun '23Revenue (TTM) reached a new high of ₹73 cr.
  18. Jun '23Slipped to the 2nd quartile of Technology Services on EPS growth (from the top quartile).
  19. Oct '22Fell 37% from the Jul 2022 peak to the Oct 2022 low.
  20. Jul '22Regained the 2022-02 peak, 3 months after the low.
  21. Jun '22Year-on-year EPS growth turned positive.
  22. Jun '22Moved into the top quartile of Technology Services on EPS growth (from the bottom 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

Are profits backed by cash?

5 of 6 checks are within range, 1 beyond a threshold.
Tap a check to see how it is measured.

Other income reliance1%Within range

Other income as a share of pre-tax profit (trailing twelve months): 1.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate23%Within range

Median quarterly effective tax rate over about 2.5 years: 23.4%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.82xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.82x (cash from operations ₹18 cr, net profit ₹22 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-20 daysWithin range

Debtor days are below the median of the previous three fiscal years by 20 days (185 vs 205). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress95% of fixed assetsWithin range

Capital work-in-progress is 95% 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.

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 4.0 pts.
  • The number of shareholders rose from 227 to 5,009 (+2107%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters71.8%67.8%-4.0 pts
FIIs0.0%0.3%+0.3 pts
DIIs———
Public and others28.2%31.9%+3.7 pts

Number of shareholders

5,009shareholders+2107% since Dec '23
2172k4k6k Dec '23Jun '24Mar '25Dec '25Jun '26
Dec '23: 227
Mar '24: 217
Jun '24: 240
Sep '24: 2,316
Mar '25: 4,493
Sep '25: 5,828
Dec '25: 5,627
Mar '26: 5,398
Jun '26: 5,009
 2172k4k6k Dec '23Sep '24Dec '25Jun '26
Dec '23: 227
Mar '24: 217
Jun '24: 240
Sep '24: 2,316
Mar '25: 4,493
Sep '25: 5,828
Dec '25: 5,627
Mar '26: 5,398
Jun '26: 5,009

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

How rough has the ride been?

Maximum drawdown-55.9%recovered 2022-01
1-year volatility42.9%annualised

Monthly share price

₹22₹69₹117₹164 Feb '19Sep '20Apr '22Nov '23Jun '25Oct '26
2019-02: ₹43.60
2019-03: ₹42.50
2019-04: ₹41.65
2019-05: ₹40.85
2019-06: ₹27.55
2019-07: ₹21.80
2019-08: ₹23.40
2019-09: ₹27.50
2019-10: ₹30.00
2019-11: ₹33.00
2019-12: ₹36.00
2020-01: ₹35.00
2020-02: ₹34.00
2020-03: ₹26.00
2020-04: ₹21.90
2020-05: ₹27.20
2020-06: ₹23.05
2020-07: ₹27.60
2020-08: ₹27.95
2020-09: ₹26.45
2020-10: ₹25.20
2020-11: ₹25.00
2020-12: ₹25.00
2021-01: ₹24.00
2021-02: ₹24.00
2021-03: ₹23.75
2021-04: ₹25.90
2021-05: ₹28.00
2021-06: ₹23.80
2021-07: ₹25.00
2021-08: ₹29.40
2021-09: ₹36.95
2021-10: ₹38.50
2021-11: ₹35.50
2021-12: ₹36.45
2022-01: ₹52.30
2022-02: ₹51.00
2022-03: ₹41.00
2022-04: ₹52.90
2022-05: ₹55.10
2022-06: ₹55.00
2022-07: ₹60.75
2022-08: ₹53.00
2022-09: ₹49.40
2022-10: ₹44.25
2022-11: ₹46.50
2022-12: ₹52.70
2023-01: ₹54.20
2023-02: ₹54.00
2023-03: ₹54.00
2023-04: ₹59.50
2023-05: ₹61.15
2023-06: ₹61.15
2023-07: ₹57.70
2023-08: ₹61.00
2023-09: ₹61.00
2023-10: ₹66.65
2023-11: ₹73.40
2023-12: ₹84.00
2024-01: ₹60.00
2024-02: ₹65.00
2024-03: ₹65.55
2024-04: ₹62.00
2024-05: ₹50.90
2024-06: ₹48.00
2024-07: ₹102.55
2024-08: ₹95.26
2024-09: ₹80.42
2024-10: ₹71.40
2024-11: ₹79.54
2024-12: ₹71.49
2025-01: ₹69.53
2025-02: ₹73.65
2025-03: ₹70.73
2025-04: ₹69.58
2025-05: ₹79.04
2025-06: ₹75.43
2025-07: ₹75.66
2025-08: ₹163.91
2025-09: ₹119.54
2025-10: ₹138.66
2025-11: ₹152.98
2025-12: ₹147.22
2026-01: ₹162.49
2026-02: ₹137.19
2026-03: ₹111.14
2026-04: ₹134.07
2026-05: ₹137.50
2026-06: ₹146.86
2026-07: ₹139.74
2026-08: ₹137.84
2026-09: ₹144.28
2026-10: ₹126.62
 ₹22₹69₹117₹164 Feb '19Sep '21Apr '24Oct '26
2019-02: ₹43.60
2019-03: ₹42.50
2019-04: ₹41.65
2019-05: ₹40.85
2019-06: ₹27.55
2019-07: ₹21.80
2019-08: ₹23.40
2019-09: ₹27.50
2019-10: ₹30.00
2019-11: ₹33.00
2019-12: ₹36.00
2020-01: ₹35.00
2020-02: ₹34.00
2020-03: ₹26.00
2020-04: ₹21.90
2020-05: ₹27.20
2020-06: ₹23.05
2020-07: ₹27.60
2020-08: ₹27.95
2020-09: ₹26.45
2020-10: ₹25.20
2020-11: ₹25.00
2020-12: ₹25.00
2021-01: ₹24.00
2021-02: ₹24.00
2021-03: ₹23.75
2021-04: ₹25.90
2021-05: ₹28.00
2021-06: ₹23.80
2021-07: ₹25.00
2021-08: ₹29.40
2021-09: ₹36.95
2021-10: ₹38.50
2021-11: ₹35.50
2021-12: ₹36.45
2022-01: ₹52.30
2022-02: ₹51.00
2022-03: ₹41.00
2022-04: ₹52.90
2022-05: ₹55.10
2022-06: ₹55.00
2022-07: ₹60.75
2022-08: ₹53.00
2022-09: ₹49.40
2022-10: ₹44.25
2022-11: ₹46.50
2022-12: ₹52.70
2023-01: ₹54.20
2023-02: ₹54.00
2023-03: ₹54.00
2023-04: ₹59.50
2023-05: ₹61.15
2023-06: ₹61.15
2023-07: ₹57.70
2023-08: ₹61.00
2023-09: ₹61.00
2023-10: ₹66.65
2023-11: ₹73.40
2023-12: ₹84.00
2024-01: ₹60.00
2024-02: ₹65.00
2024-03: ₹65.55
2024-04: ₹62.00
2024-05: ₹50.90
2024-06: ₹48.00
2024-07: ₹102.55
2024-08: ₹95.26
2024-09: ₹80.42
2024-10: ₹71.40
2024-11: ₹79.54
2024-12: ₹71.49
2025-01: ₹69.53
2025-02: ₹73.65
2025-03: ₹70.73
2025-04: ₹69.58
2025-05: ₹79.04
2025-06: ₹75.43
2025-07: ₹75.66
2025-08: ₹163.91
2025-09: ₹119.54
2025-10: ₹138.66
2025-11: ₹152.98
2025-12: ₹147.22
2026-01: ₹162.49
2026-02: ₹137.19
2026-03: ₹111.14
2026-04: ₹134.07
2026-05: ₹137.50
2026-06: ₹146.86
2026-07: ₹139.74
2026-08: ₹137.84
2026-09: ₹144.28
2026-10: ₹126.62

Last 90 trading days

₹123₹133₹143₹153 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹152.70
2026-06-25: ₹151.84
2026-06-30: ₹146.86
2026-07-02: ₹146.16
2026-07-06: ₹145.31
2026-07-08: ₹143.48
2026-07-10: ₹145.08
2026-07-14: ₹145.78
2026-07-16: ₹145.37
2026-07-20: ₹148.33
2026-07-22: ₹146.52
2026-07-24: ₹143.88
2026-07-28: ₹136.94
2026-07-30: ₹140.07
2026-08-03: ₹146.37
2026-08-05: ₹144.10
2026-08-07: ₹147.12
2026-08-11: ₹147.07
2026-08-13: ₹143.47
2026-08-17: ₹138.74
2026-08-19: ₹137.54
2026-08-21: ₹138.54
2026-08-25: ₹141.76
2026-08-27: ₹138.94
2026-08-31: ₹137.84
2026-09-02: ₹138.74
2026-09-04: ₹140.88
2026-09-08: ₹140.67
2026-09-10: ₹135.95
2026-09-15: ₹134.92
2026-09-17: ₹136.41
2026-09-21: ₹141.01
2026-09-23: ₹145.70
2026-09-25: ₹147.70
2026-09-29: ₹145.17
2026-10-01: ₹140.73
2026-10-06: ₹139.30
2026-10-08: ₹139.76
2026-10-12: ₹137.96
2026-10-14: ₹136.75
2026-10-16: ₹134.51
2026-10-21: ₹131.30
2026-10-23: ₹126.32
2026-10-27: ₹124.91
2026-10-29: ₹122.99
2026-10-30: ₹126.62
 ₹123₹133₹143₹153 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹152.70
2026-06-25: ₹151.84
2026-06-30: ₹146.86
2026-07-02: ₹146.16
2026-07-06: ₹145.31
2026-07-08: ₹143.48
2026-07-10: ₹145.08
2026-07-14: ₹145.78
2026-07-16: ₹145.37
2026-07-20: ₹148.33
2026-07-22: ₹146.52
2026-07-24: ₹143.88
2026-07-28: ₹136.94
2026-07-30: ₹140.07
2026-08-03: ₹146.37
2026-08-05: ₹144.10
2026-08-07: ₹147.12
2026-08-11: ₹147.07
2026-08-13: ₹143.47
2026-08-17: ₹138.74
2026-08-19: ₹137.54
2026-08-21: ₹138.54
2026-08-25: ₹141.76
2026-08-27: ₹138.94
2026-08-31: ₹137.84
2026-09-02: ₹138.74
2026-09-04: ₹140.88
2026-09-08: ₹140.67
2026-09-10: ₹135.95
2026-09-15: ₹134.92
2026-09-17: ₹136.41
2026-09-21: ₹141.01
2026-09-23: ₹145.70
2026-09-25: ₹147.70
2026-09-29: ₹145.17
2026-10-01: ₹140.73
2026-10-06: ₹139.30
2026-10-08: ₹139.76
2026-10-12: ₹137.96
2026-10-14: ₹136.75
2026-10-16: ₹134.51
2026-10-21: ₹131.30
2026-10-23: ₹126.32
2026-10-27: ₹124.91
2026-10-29: ₹122.99
2026-10-30: ₹126.62

Drawdown from peak

0% -27% -53% Feb '19Dec '22Oct '26 0% -27% -53% Feb '19Dec '22Oct '26
Largest drawdowns

-55.9% (2019-04 peak to 2019-08 low, recovered 2022-01)

-42.9% (2023-12 peak to 2024-06 low, recovered 2024-07)

-41.9% (2024-08 peak to 2025-02 low, recovered 2025-08)

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).

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '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 happened next to similar setups

−2.3%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 RELIABLE DATA SERVICES LTD 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 −25% to +51% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (−0.7%, 80% range −17.4% to +10.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
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RUSHIL · Aug 2025: −44.2% vs market
WEWIN · Jan 2025: −43.3% vs market
BVCL · Jun 2024: −43.0% vs market
DYNPRO · Sep 2025: −36.8% vs market
JAYSREETEA · Jul 2021: −36.2% vs market
ARCHIDPLY · Apr 2024: −34.0% vs market
ESPRIT · Aug 2025: −34.0% vs market
AXISCADES · Aug 2020: −32.2% vs market
PARACABLES · Mar 2020: −31.4% vs market
EUROBOND · Oct 2025: −29.6% vs market
PATINTLOG · Aug 2020: −28.8% vs market
RPPL · Jan 2024: −24.7% vs market
PRITIKAUTO · Oct 2023: −24.7% vs market
RGL · Mar 2020: −19.9% vs market
BANSWRAS · Mar 2023: −19.9% vs market
SARLAPOLY · Aug 2022: −19.9% vs market
RAMANEWS · Mar 2020: −19.4% vs market
MIRZAINT · May 2020: −17.9% vs market
VETO · Dec 2022: −17.8% vs market
AIROLAM · Dec 2023: −15.8% vs market
DOLLEX · Feb 2024: −14.7% vs market
ASPINWALL · Aug 2025: −5.8% vs market
ASAHISONG · Nov 2022: −5.7% vs market
MAGADSUGAR · Jul 2021: −4.2% vs market
MMP · Jun 2025: −0.4% vs market
HECPROJECT · Feb 2025: −0.4% vs market
RITCO · Aug 2025: +1.2% vs market
SATIA · Aug 2022: +1.7% vs market
AARVI · Aug 2025: +2.6% vs market
AWHCL · Dec 2023: +8.1% vs market
SPIC · Apr 2020: +16.2% vs market
ARIES · Jan 2021: +17.9% vs market
MANAKALUCO · Jan 2023: +24.7% vs market
SALZERELEC · Jan 2022: +38.8% vs market
MWL · Nov 2024: +47.4% vs market
PDMJEPAPER · May 2020: +48.7% vs market
KAMDHENU · May 2022: +51.9% vs market
TPLPLASTEH · Apr 2020: +52.9% vs market
SWELECTES · Jan 2023: +64.0% vs market
BLKASHYAP · Jan 2023: +65.3% vs market
GOODLUCK · Jan 2023: +69.1% vs market
PRECAM · Sep 2020: +70.9% vs market
TALBROAUTO · Jun 2021: +78.8% vs market
SHREERAMA · Jul 2020: +91.6% vs market
TCPLPACK · Apr 2022: +92.5% vs market
GLOBUSSPR · Jan 2020: +126.9% vs market
MODISONLTD · Oct 2025: +139.6% vs market
LOKESHMACH · Aug 2021: +151.9% vs market
NITINSPIN · Dec 2020: +174.8% vs market
Similar setups −2.3%All companies −1.6%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
−2.3%
All companies' median
−1.6%
Beat the market
46% vs 48%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ARIES
Process Industries		 Jan 2021 13x12% +33%−14% +18%
BLKASHYAP
Industrial Services		 Jan 2023 15x10% +6%−18% +65%
RPPL
Process Industries		 Jan 2024 28x11% +47%−3% −25%
BVCL
Non-Energy Minerals		 Jun 2024 20x12% +87%−15% −43%
SALZERELEC
Producer Manufacturing		 Jan 2022 17x10% +89%−15% +39%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PRITIKAUTO
Producer Manufacturing		 Oct 2023 13x13% +28%−10% −25%
MMP
Non-Energy Minerals		 Jun 2025 18x14% +3%−32% 0%
TPLPLASTEH
Process Industries		 Apr 2020 6x17% −33%−41% +53%
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, P/E 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 RELIABLE DATA SERVICES LTD. 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 2026-10-30. 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: 98,221 company-months from 2008 companies; financial: 5,659 company-months from 108 companies. 2313 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.
Monthly history (93 months)
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1014.4x₹205 cr12.8%11.0%0.6x
2026-0916.4x₹205 cr12.8%11.0%0.6x
2026-0817.0x₹187 cr11.8%11.0%0.6x
2026-0717.3x₹187 cr11.8%11.0%0.6x
2026-0618.2x₹187 cr11.8%11.0%0.6x
2026-0513.0x₹185 cr19.2%12.0%0.8x
2026-0412.6x₹185 cr19.2%12.0%0.8x
2026-0310.5x₹185 cr19.2%12.0%0.8x
2026-0211.9x₹195 cr20.9%12.0%0.8x
2026-0114.1x₹195 cr20.9%12.0%0.8x
2025-1212.8x₹195 cr20.9%12.0%0.8x
2025-1114.4x₹150 cr19.4%12.0%0.8x
2025-1013.1x₹150 cr19.4%12.0%0.8x
2025-0911.3x₹150 cr19.4%12.0%0.8x
2025-0816.0x₹131 cr19.0%12.0%0.8x
2025-077.4x₹131 cr19.0%12.0%0.8x
2025-067.4x₹131 cr19.0%12.0%0.8x
2025-059.9x₹105 cr17.7%11.0%0.8x
2025-048.7x₹105 cr17.7%11.0%0.8x
2025-038.9x₹105 cr17.7%11.0%0.8x
2025-0215.6x₹93 cr11.4%11.0%0.8x
2025-0114.8x₹93 cr11.4%11.0%0.8x
2024-1215.2x₹93 cr11.4%11.0%0.8x
2024-1117.0x₹87 cr11.4%11.0%0.8x
2024-1015.3x₹87 cr11.4%11.0%0.8x
2024-0917.2x₹87 cr11.4%11.0%0.8x
2024-0821.8x₹79 cr10.8%11.0%0.8x
2024-0723.5x₹79 cr10.8%11.0%0.8x
2024-0611.0x₹79 cr10.8%11.0%0.8x
2024-0513.2x₹73 cr11.4%12.0%0.7x
2024-0416.1x₹73 cr11.4%12.0%0.7x
2024-0317.0x₹73 cr11.4%12.0%0.7x
2024-0216.9x₹73 cr11.4%12.0%0.7x
2024-0115.6x₹73 cr11.4%12.0%0.7x
2023-1221.8x₹73 cr11.4%12.0%0.7x
2023-1119.1x₹73 cr11.4%12.0%0.7x
2023-1017.3x₹73 cr11.4%12.0%0.7x
2023-0915.8x₹73 cr11.4%12.0%0.7x
2023-0815.8x₹73 cr11.4%12.0%0.7x
2023-0715.0x₹73 cr11.4%12.0%0.7x
2023-0615.9x₹73 cr11.4%12.0%0.7x
2023-0518.1x₹53 cr9.4%14.0%0.4x
2023-0417.7x₹53 cr9.4%14.0%0.4x
2023-0316.0x₹53 cr9.4%14.0%0.4x
2023-0216.0x₹53 cr9.4%14.0%0.4x
2023-0116.1x₹53 cr9.4%14.0%0.4x
2022-1215.6x₹53 cr9.4%14.0%0.4x
2022-1113.8x₹53 cr9.4%14.0%0.4x
2022-1013.1x₹53 cr9.4%14.0%0.4x
2022-0914.7x₹53 cr9.4%14.0%0.4x
2022-0815.7x₹53 cr9.4%14.0%0.4x
2022-0718.0x₹53 cr9.4%14.0%0.4x
2022-0616.3x₹53 cr9.4%14.0%0.4x
2022-0534.2x₹44 cr4.9%8.0%0.4x
2022-0432.9x₹44 cr4.9%8.0%0.4x
2022-0325.5x₹44 cr4.9%8.0%0.4x
2022-0231.7x₹44 cr4.9%8.0%0.4x
2022-0132.5x₹44 cr4.9%8.0%0.4x
2021-1222.6x₹44 cr4.9%8.0%0.4x
2021-1122.0x₹44 cr4.9%8.0%0.4x
2021-1023.9x₹44 cr4.9%8.0%0.4x
2021-0923.0x₹44 cr4.9%8.0%0.4x
2021-0818.3x₹44 cr4.9%8.0%0.4x
2021-0715.5x₹44 cr4.9%8.0%0.4x
2021-0614.8x₹44 cr4.9%8.0%0.4x
2021-058.8x₹46 cr9.4%15.0%0.2x
2021-048.1x₹46 cr9.4%15.0%0.2x
2021-037.4x₹46 cr9.4%15.0%0.2x
2021-027.5x₹46 cr9.4%15.0%0.2x
2021-017.5x₹46 cr9.4%15.0%0.2x
2020-127.8x₹46 cr9.4%15.0%0.2x
2020-117.8x₹46 cr9.4%15.0%0.2x
2020-107.9x₹46 cr9.4%15.0%0.2x
2020-098.3x₹46 cr9.4%15.0%0.2x
2020-088.7x₹46 cr9.4%15.0%0.2x
2020-078.6x₹46 cr9.4%15.0%0.2x
2020-067.2x₹46 cr9.4%15.0%0.2x
2020-056.6x₹47 cr15.2%21.0%0.2x
2020-045.3x₹47 cr15.2%21.0%0.2x
2020-036.3x₹47 cr15.2%21.0%0.2x
2020-028.3x₹47 cr15.2%21.0%0.2x
2020-018.5x₹47 cr15.2%21.0%0.2x
2019-128.7x₹47 cr15.2%21.0%0.2x
2019-118.0x₹47 cr15.2%21.0%0.2x
2019-107.3x₹47 cr15.2%21.0%0.2x
2019-096.7x₹47 cr15.2%21.0%0.2x
2019-085.7x₹47 cr15.2%21.0%0.2x
2019-075.3x₹47 cr15.2%21.0%0.2x
2019-066.7x₹47 cr15.2%21.0%0.2x
2019-059.8x₹43 cr16.7%27.0%0.2x
2019-0410.0x₹43 cr16.7%27.0%0.2x
2019-0310.2x₹43 cr16.7%27.0%0.2x
2019-0210.5x₹43 cr16.7%27.0%0.2x

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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