SALASAR TECHNO ENGINEERING LTD (SALASAR): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹4.2 latest close · −31.3% over the last 90 sessions

₹4.2 month-end · −57.1% over 12 months

₹4.2 month-end · −58.2% over 3 years

₹4.2 month-end · +50.0% since Jan '19

52-week range ₹3.60 to ₹10.93 · 1-year volatility 42.3%

Was the rally earned?

1 year3 years5 years

-57%share price, 1 yearEarnings-driven

Mostly earnings.

Per-share earnings took off 42 points, while the multiple moved less (P/E 65.3x to 52.5x).
The share count rose 4%.

Net profit growth-40 ptsNet profit fell about 44%, which lowers the price.

P/E change-15 ptsThe P/E fell from 65.3x to 52.5x, which lowers the price.

Share count change-3 ptsShare count rose 4%, which lowers the price.

-58%share price, 3 yearsEarnings-driven

Mostly earnings.

Per-share earnings took off 76 points, while the multiple moved less (P/E 40.2x to 52.5x).
The share count rose 9%.

Net profit growth-70 ptsNet profit fell about 65%, which lowers the price.

P/E change+18 ptsThe P/E rose from 40.2x to 52.5x, which lifts the price.

Share count change-6 ptsShare count rose 9%, which lowers the price.

-16%share price, 5 yearsEarnings-driven

Mostly earnings.

Per-share earnings took off 89 points, while the multiple moved less (P/E 23.8x to 52.5x).
The share count rose 22%.

Net profit growth-70 ptsNet profit fell about 53%, which lowers the price.

P/E change+73 ptsThe P/E rose from 23.8x to 52.5x, which lifts the price.

Share count change-18 ptsShare count rose 22%, 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.

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

Compare this with BHARAT FORGE

How rough has the ride been?

Maximum drawdown-88.7%not yet recovered

1-year volatility42.3%annualised

Beta vs sector index1.133-year daily, correlation 0.43

Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-88.7% (2024-02 peak to 2026-10 low, not yet recovered)

-76.3% (2019-01 peak to 2020-03 low, recovered 2021-01)

-40.6% (2021-07 peak to 2022-02 low, recovered 2022-12)

Most recent volume spikes

2026-09-30: 5.7x the 50-day median, price -1.9% that day

2026-09-29: 8.8x the 50-day median, price -7.8% that day

2026-09-04: 10.8x the 50-day median, price +2.4% 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?

52.5xP/E todayNear its historic high

Against its own history83rd percentile

CheapestMedian 32.0xDearest

Usual range 5.4x to 58.8x since 2019-01.

Against Producer Manufacturing52.5x vs 29.6x

This company

52.5x

Sector median

29.6x

78% above the Producer Manufacturing median.

P/EP/BP/S

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

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing 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 Producer Manufacturing is valued

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing 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

ROCE20th▼ 8 pts vs a year ago
Op. margin25th▼ 13 pts vs a year ago
Revenue growth25th▼ 41 pts vs a year ago
EPS growth12thflat vs a year ago
Debt/equity ↓30th▼ 7 pts vs a year ago
Cash cycle ↓15th▼ 9 pts vs a year ago
P/E ↓22nd▲ 5 pts vs a year ago
12M momentum3rd▼ 13 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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~17%annual earnings growth implied by the price

At a P/E of 22.8x, the price would imply about 16.8%/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 Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹4.20
P/E: 52.5x
ROCE: 8.0%
Market Cap: ₹734 cr
Revenue (TTM): ₹1498 cr
P/S: 0.5x
P/B: 0.9x
ROE: 1.7%
Operating Margin: 7.4%
Debt / Equity: 0.5x
Promoter Holding: 44.5%
12M Momentum: -57.1%

52-week range

₹3.60₹10.93

8% of the way from its 52-week low to its high

Price risk

1Y volatility

42.3%

Beta vs sector

1-year daily

1.28

Balance sheet & cash

Interest cover

operating profit ÷ interest

1.6x

Cash from profit, 3Y

operating cash flow ÷ net profit

1.33x

Share count, 1Y

+1.2%

Are profits backed by cash?

4 of 7checks within range1 beyond a threshold

Other income reliance34%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 34.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.7%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.33xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.33x (cash from operations ₹120 cr, net profit ₹90 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+40 daysNear threshold

Debtor days are above the median of the previous three fiscal years by 40 days (157 vs 117). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress2% of fixed assetsWithin range

Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+26 days / 2 yrsWithin range

Days payable changed by +26 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, promoters trimmed 18.6 pts; FIIs trimmed 3.1 pts.
The number of shareholders rose from 41,046 to 4.7 lakh (+1048%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters63.1%44.5%-18.6 pts

FIIs9.0%5.9%-3.1 pts

DIIs0.0%0.0%0.0 pts

Public and others27.9%49.6%+21.7 pts

Number of shareholders

4.7 lakhshareholders+1048% 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

+1.8%typical 12-month return vs the marketAbove the base rate

We found 50 past situations where a non-financial company looked like SALASAR TECHNO ENGINEERING 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 −16% to +38% vs the market, against −7% for all non-financial companies in the same months.
The analogs' median sat above that base rate (gap +8.6%, 80% range +2.2% to +15.5%), 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 · 5 beyond the range shown, drawn at the edge

Similar setups' median

+1.8%

All companies' median

−6.8%

Beat the market

52% 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
BIRLACABLE Producer Manufacturing	Feb 2025	57x	10%	−52%	−54%	−11%
STLTECH Electronic Technology	Jul 2022	40x	8%	−51%	−55%	−8%
DCAL Health Technology	Jan 2023	74x	1%	−57%	−60%	+65%
MEGASTAR Process Industries	Dec 2024	59x	10%	−39%	−40%	−3%
STYRENIX Process Industries	Apr 2022	78x	—	−24%	−54%	−5%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
EVERESTIND Distribution Services	Nov 2024	79x	4%	−29%	−42%	−38%
RICOAUTO Producer Manufacturing	Jun 2025	48x	8%	−43%	−46%	+78%
UFO Consumer Services	Jan 2025	64x	10%	−43%	−43%	−26%

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: ROCE, 12-month momentum 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 SALASAR TECHNO ENGINEERING 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 2026-11-09. 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.

BHARTIYA INTERNATIONALBIL

Consumer Non-Durables

62%similar

EPS growthrevenue

KOPRANKOPRAN

Health Technology

62%similar

promoter holdingP/E

LANDMARK CARSLANDMARK

Retail Trade

62%similar

revenue growthROCE

GANESHA ECOSPHEREGANECOS

Process Industries

61%similar

revenuedebt/equity

MSP STEEL & POWERMSPL

Non-Energy Minerals

61%similar

promoter holdingoperating margin

ALICON CASTALLOYALICON

Producer Manufacturing

74%similar

volatilitydebt/equity

GRPGRPLTD

Producer Manufacturing

66%similar

volatilityEPS growth

ASIAN GRANITO INDIAASIANTILES

Producer Manufacturing

59%similar

P/Eoperating margin

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

What changed?

30 events since Dec '23

2026
OctPriceFell 89% from the Feb 2024 peak to the Oct 2026 low.
SepPromoterPromoter holding fell 2.7 pts to 44.5% (largest drop since 2024-09).
SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
SepPriceVolume reached 16.3x its 50-day median on 2026-09-03; price -10.1% that day.
JunValuationP/E crossed above the 90th percentile of its own history to date (59.2x).
JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
JunPriceVolume reached 17.7x its 50-day median on 2026-06-24; price -8.0% that day.
MarPriceVolume reached 5.3x its 50-day median on 2026-03-23; price -11.5% that day.

Show 22 earlier events

2025
OctPriceVolume reached 8.4x its 50-day median on 2025-10-30; price +9.5% that day.
SepPromoterPromoter holding fell 2.0 pts to 48.9% (largest drop since 2025-06).
SepValuationP/E crossed above the 90th percentile of its own history to date (59.1x).
SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
SepPriceVolume reached 18.7x its 50-day median on 2025-09-09; price +11.1% that day.
JunPromoterPromoter holding fell 2.5 pts to 51.0% (largest drop since 2024-09).
JunResultsYear-on-year EPS growth turned negative.
JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
JunSharesShare count is up 9.5% over 12 months.
JunPriceVolume reached 7.7x its 50-day median on 2025-06-18; price -2.4% that day.
MarPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
MarPriceVolume reached 17.5x its 50-day median on 2025-03-25; price +9.2% that day.
2024
SepPromoterPromoter holding fell 7.1 pts to 56.0%.
SepValuationP/E crossed above the 90th percentile of its own history to date (55.4x).
SepPriceVolume reached 17.8x its 50-day median on 2024-09-11; price +2.2% that day.
JunResultsRevenue (TTM) reached a new high of ₹1,208 cr.
JunInstitutionsFII + DII holding fell 6.0 pts over 2 quarters to 3.0%.
JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
JunDividendDividend payout cut from 8% to 0% of profit.
JunPriceVolume reached 5.3x its 50-day median on 2024-06-26; price -2.2% that day.
JanPriceVolume reached 13.0x its 50-day median on 2024-01-20; price +19.6% that day.
2023
DecPriceRegained the 2022-12 peak, 9 months after the low.

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	52.5x	₹1498 cr	1.7%	8.0%	0.5x
2026-10	49.0x	₹1498 cr	1.7%	8.0%	0.5x
2026-09	51.0x	₹1498 cr	1.7%	8.0%	0.5x
2026-08	59.1x	₹1503 cr	2.1%	8.0%	0.5x
2026-07	58.4x	₹1503 cr	2.1%	8.0%	0.5x
2026-06	59.2x	₹1503 cr	2.1%	8.0%	0.5x
2026-05	50.8x	₹1541 cr	3.3%	11.0%	0.4x
2026-04	53.2x	₹1541 cr	3.3%	11.0%	0.4x
2026-03	40.3x	₹1541 cr	3.3%	11.0%	0.4x
2026-02	43.9x	₹1586 cr	4.0%	11.0%	0.4x
2026-01	44.1x	₹1586 cr	4.0%	11.0%	0.4x
2025-12	49.1x	₹1586 cr	4.0%	11.0%	0.4x
2025-11	65.3x	₹1440 cr	3.2%	11.0%	0.4x
2025-10	68.6x	₹1440 cr	3.2%	11.0%	0.4x
2025-09	59.1x	₹1440 cr	3.2%	11.0%	0.4x
2025-08	45.9x	₹1434 cr	3.4%	11.0%	0.4x
2025-07	44.7x	₹1434 cr	3.4%	11.0%	0.4x
2025-06	47.0x	₹1434 cr	3.4%	11.0%	0.4x
2025-05	29.9x	₹1318 cr	10.9%	16.0%	0.8x
2025-04	28.6x	₹1318 cr	10.9%	16.0%	0.8x
2025-03	27.2x	₹1318 cr	10.9%	16.0%	0.8x
2025-02	26.6x	₹1247 cr	12.0%	16.0%	0.8x
2025-01	36.5x	₹1247 cr	12.0%	16.0%	0.8x
2024-12	41.7x	₹1247 cr	12.0%	16.0%	0.8x
2024-11	47.0x	₹1241 cr	11.8%	16.0%	0.8x
2024-10	52.5x	₹1241 cr	11.8%	16.0%	0.8x
2024-09	55.4x	₹1241 cr	11.8%	16.0%	0.8x
2024-08	52.2x	₹1208 cr	11.8%	16.0%	0.8x
2024-07	53.7x	₹1208 cr	11.8%	16.0%	0.8x
2024-06	53.6x	₹1208 cr	11.8%	16.0%	0.8x
2024-05	80.2x	₹1005 cr	10.0%	14.0%	0.7x
2024-04	82.4x	₹1005 cr	10.0%	14.0%	0.7x
2024-03	80.0x	₹1005 cr	10.0%	14.0%	0.7x
2024-02	103.4x	₹1005 cr	10.0%	14.0%	0.7x
2024-01	102.6x	₹1005 cr	10.0%	14.0%	0.7x
2023-12	52.6x	₹1005 cr	10.0%	14.0%	0.7x
2023-11	40.2x	₹1005 cr	10.0%	14.0%	0.7x
2023-10	36.0x	₹1005 cr	10.0%	14.0%	0.7x
2023-09	41.4x	₹1005 cr	10.0%	14.0%	0.7x
2023-08	43.4x	₹1005 cr	10.0%	14.0%	0.7x
2023-07	40.2x	₹1005 cr	10.0%	14.0%	0.7x
2023-06	40.8x	₹1005 cr	10.0%	14.0%	0.7x
2023-05	40.5x	₹719 cr	11.0%	13.0%	0.9x
2023-04	39.5x	₹719 cr	11.0%	13.0%	0.9x
2023-03	36.1x	₹719 cr	11.0%	13.0%	0.9x
2023-02	38.4x	₹719 cr	11.0%	13.0%	0.9x
2023-01	43.4x	₹719 cr	11.0%	13.0%	0.9x
2022-12	47.0x	₹719 cr	11.0%	13.0%	0.9x
2022-11	32.0x	₹719 cr	11.0%	13.0%	0.9x
2022-10	26.1x	₹719 cr	11.0%	13.0%	0.9x
2022-09	27.7x	₹719 cr	11.0%	13.0%	0.9x
2022-08	30.5x	₹719 cr	11.0%	13.0%	0.9x
2022-07	22.7x	₹719 cr	11.0%	13.0%	0.9x
2022-06	25.7x	₹719 cr	11.0%	13.0%	0.9x
2022-05	22.4x	₹597 cr	11.9%	15.0%	0.8x
2022-04	26.4x	₹597 cr	11.9%	15.0%	0.8x
2022-03	20.2x	₹597 cr	11.9%	15.0%	0.8x
2022-02	24.5x	₹597 cr	11.9%	15.0%	0.8x
2022-01	23.3x	₹597 cr	11.9%	15.0%	0.8x
2021-12	22.9x	₹597 cr	11.9%	15.0%	0.8x
2021-11	23.8x	₹597 cr	11.9%	15.0%	0.8x
2021-10	25.7x	₹597 cr	11.9%	15.0%	0.8x
2021-09	26.9x	₹597 cr	11.9%	15.0%	0.8x
2021-08	28.6x	₹597 cr	11.9%	15.0%	0.8x
2021-07	32.6x	₹597 cr	11.9%	15.0%	0.8x
2021-06	33.3x	₹597 cr	11.9%	15.0%	0.8x
2021-05	40.3x	₹526 cr	10.6%	14.0%	0.8x
2021-04	28.5x	₹526 cr	10.6%	14.0%	0.8x
2021-03	21.5x	₹526 cr	10.6%	14.0%	0.8x
2021-02	22.1x	₹526 cr	10.6%	14.0%	0.8x
2021-01	17.4x	₹526 cr	10.6%	14.0%	0.8x
2020-12	13.8x	₹526 cr	10.6%	14.0%	0.8x
2020-11	12.1x	₹526 cr	10.6%	14.0%	0.8x
2020-10	11.8x	₹526 cr	10.6%	14.0%	0.8x
2020-09	11.8x	₹526 cr	10.6%	14.0%	0.8x
2020-08	10.0x	₹526 cr	10.6%	14.0%	0.8x
2020-07	11.5x	₹526 cr	10.6%	14.0%	0.8x
2020-06	9.4x	₹526 cr	10.6%	14.0%	0.8x
2020-05	4.2x	₹655 cr	17.5%	23.0%	0.8x
2020-04	3.4x	₹655 cr	17.5%	23.0%	0.8x
2020-03	3.0x	₹655 cr	17.5%	23.0%	0.8x
2020-02	4.6x	₹655 cr	17.5%	23.0%	0.8x
2020-01	4.4x	₹655 cr	17.5%	23.0%	0.8x
2019-12	4.4x	₹655 cr	17.5%	23.0%	0.8x
2019-11	4.6x	₹655 cr	17.5%	23.0%	0.8x
2019-10	4.0x	₹655 cr	17.5%	23.0%	0.8x
2019-09	4.6x	₹655 cr	17.5%	23.0%	0.8x
2019-08	5.4x	₹655 cr	17.5%	23.0%	0.8x
2019-07	5.4x	₹655 cr	17.5%	23.0%	0.8x
2019-06	7.6x	₹655 cr	17.5%	23.0%	0.8x
2019-05	8.6x	₹495 cr	18.9%	24.0%	0.7x
2019-04	9.8x	₹495 cr	18.9%	24.0%	0.7x
2019-03	10.2x	₹495 cr	18.9%	24.0%	0.7x
2019-02	10.2x	₹495 cr	18.9%	24.0%	0.7x
2019-01	12.7x	₹495 cr	18.9%	24.0%	0.7x

Methodology and data notes