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SASKEN TECHNOLOGIES LIMITED (SASKEN)

Technology Services · Information Technology Services · 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.61 / 100
Profitability 35Growth 49Balance sheet 100
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.64 / 100
Price 32Earnings 82FII/DII 76

Passes these screensHigh Momentum

Compare withTATA CONSULTANCY SERVICESINFOSYSHCL TECHNOLOGIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,668.9 latest close · −20.3% over the last 90 sessions

₹1,600₹1,800₹2,000Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,600₹1,800₹2,000Jul 3Sep 4Nov 9

₹1,668.9 month-end · +22.8% over 12 months

₹1,000₹1,500₹2,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,000₹1,500₹2,000Nov '25May '26Nov '26

₹1,668.9 month-end · +44.9% over 3 years

₹1,000₹1,500₹2,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹1,000₹1,500₹2,000Nov '23May '25Nov '26

₹1,668.9 month-end · +164.1% since Jan '19

₹1,000₹2,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹1,000₹2,000Jan '19Dec '22Nov '26

52-week range ₹991.00 to ₹2780.20 · 1-year volatility 57.0%

Was the rally earned?

+23%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 56 points, but investors now pay less per rupee of profit (P/E 49.4x to 36.5x), which took 33 points back.
  • The share count barely moved.
Net profit growth: +58 pts. Points of the price return explained by net profit growing (or shrinking).+58 ptsNet profit growthP/E change: −33 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−33 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: +23%+23%Share priceNet profit growth: +58 pts. Points of the price return explained by net profit growing (or shrinking).+58ProfitP/E change: −33 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−33P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +23%+23%Share price
Net profit growth+58 ptsNet profit rose about 69%, which lifts the price.
P/E change-33 ptsThe P/E fell from 49.4x to 36.5x, which lowers the price.
Share count change-2 ptsShare count was little changed. More shares would count against the price.
+45%share price, 3 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 17.4x to 36.5x); per-share earnings took off 45 points.
  • The share count rose 6%.
Net profit growth: −38 pts. Points of the price return explained by net profit growing (or shrinking).−38 ptsNet profit growthP/E change: +90 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+90 ptsP/E changeShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7 ptsShare count changeShare price: +45%+45%Share priceNet profit growth: −38 pts. Points of the price return explained by net profit growing (or shrinking).−38ProfitP/E change: +90 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+90P/EShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7SharesShare price: +45%+45%Share price
Net profit growth-38 ptsNet profit fell about 27%, which lowers the price.
P/E change+90 ptsThe P/E rose from 17.4x to 36.5x, which lifts the price.
Share count change-7 ptsShare count rose 6%, which lowers the price.
+56%share price, 5 yearsMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 14.1x to 36.5x); per-share earnings took off 64 points.
  • The share count rose 5%.
Net profit growth: −58 pts. Points of the price return explained by net profit growing (or shrinking).−58 ptsNet profit growthP/E change: +120 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+120 ptsP/E changeShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6 ptsShare count changeShare price: +56%+56%Share priceNet profit growth: −58 pts. Points of the price return explained by net profit growing (or shrinking).−58ProfitP/E change: +120 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+120P/EShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6SharesShare price: +56%+56%Share price
Net profit growth-58 ptsNet profit fell about 37%, which lowers the price.
P/E change+120 ptsThe P/E rose from 14.1x to 36.5x, which lifts the price.
Share count change-6 ptsShare count rose 5%, 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 TATA CONSULTANCY SERVICES

How rough has the ride been?

Maximum drawdown-55.2%recovered 2026-05
1-year volatility57.0%annualised
Beta vs sector index0.713-year daily, correlation 0.29
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−55.1% 0%−20%−40%2020202220242026−55.1%
Largest drawdowns

-55.2% (2024-12 peak to 2026-03 low, recovered 2026-05)

-54.1% (2019-04 peak to 2020-03 low, recovered 2020-12)

-51.6% (2021-10 peak to 2022-06 low, recovered 2024-01)

Most recent volume spikes

2026-10-30: 5.1x the 50-day median, price -10.0% that day

2026-10-29: 7.1x the 50-day median, price +3.2% that day

2026-10-22: 9.8x the 50-day median, price +6.1% 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?

36.5xP/E todayWithin its usual range
Against its own history75th percentile
CheapestMedian 16.1xDearest

Usual range 9.7x to 48.4x since 2019-01.

Against Technology Services36.5x vs 21.1x
This company
36.5x
Sector median
21.1x

73% above the Technology Services median.

7.2x34.8x62.4x90.0xJan '19Aug '20Mar '22Oct '23May '25Nov '267.2x34.8x62.4x90.0xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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; 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 Technology Services is valued

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

  • ROCE35th▲ 5 pts vs a year ago
  • Op. margin35th▲ 13 pts vs a year ago
  • Revenue growth92ndflat vs a year ago
  • EPS growth90th▲ 68 pts vs a year ago
  • Debt/equity ↓68thflat vs a year ago
  • Cash cycle ↓64th▲ 15 pts vs a year ago
  • P/E ↓28th▲ 3 pts vs a year ago
  • 12M momentum88th▲ 66 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 Technology Services sector page Watch it move against Technology Services in the Observatory

What is the price implying?

~18%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 31.6x, a holder earning 12%/yr needs earnings to grow about 17.9%/yr for 10 years, then trade at 15x.

Delivered−2.6%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+20.5 ptsimplied minus delivered
Rank140thmost demanding of 856

Over time

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

-12%5%22% Jan 2019Nov 2026 -12%5%22% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x19.1%20.2%21.3%
15x16.9%17.9%19.0%
20x14.0%15.0%16.0%

Drag a slider to test other assumptions

Implied: 17.9%/yr

Looking back

  • Jan 2020Price implied 4%/yr; EPS has since grown −4%/yr (7.0 yrs)
  • Jan 2021Price implied 7%/yr; EPS has since grown −5%/yr (6.0 yrs)
  • Jan 2022Price implied 12%/yr; EPS has since grown −13%/yr (5.0 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 Technology Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹1668.90
P/E
36.5x
ROCE
10.0%
Market Cap
₹2534 cr
Revenue (TTM)
₹1178 cr
P/S
2.2x
P/B
3.0x
ROE
8.1%
Operating Margin
9.0%
Debt / Equity
0.0x
Promoter Holding
42.9%
12M Momentum
22.8%

52-week range

₹991.00₹2780.20
38% of the way from its 52-week low to its high

Price risk

1Y volatility
57.0%
Beta vs sector
1-year daily
0.59

Balance sheet & cash

Interest cover
operating profit ÷ interest
24.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
-0.11x
low
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 6checks within range2 beyond a threshold
Other income reliance35%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 35.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate20%Within range

Median quarterly effective tax rate over about 2.5 years: 20.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.11xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.11x (cash from operations ₹-21 cr, net profit ₹189 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-2 daysWithin range

Debtor days are below the median of the previous three fiscal years by 2 days (57 vs 59). 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 3 years, DIIs added 1.1 pts.
  • The number of shareholders fell from 28,377 to 26,777 (-6%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters43.4%42.9%-0.4 pts
FIIs18.6%19.1%+0.5 pts
DIIs0.3%1.4%+1.1 pts
Public and others37.6%36.5%-1.1 pts

Number of shareholders

26,777shareholders-6% since Sep '23
24k26k27k28k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 28,377
Dec '23: 27,057
Mar '24: 26,128
Jun '24: 25,043
Sep '24: 24,985
Dec '24: 24,467
Mar '25: 24,074
Jun '25: 24,721
Sep '25: 24,922
Dec '25: 24,193
Mar '26: 24,143
Jun '26: 26,777
 24k26k27k28k Sep '23Sep '24Sep '25Jun '26
Sep '23: 28,377
Dec '23: 27,057
Mar '24: 26,128
Jun '24: 25,043
Sep '24: 24,985
Dec '24: 24,467
Mar '25: 24,074
Jun '25: 24,721
Sep '25: 24,922
Dec '25: 24,193
Mar '26: 24,143
Jun '26: 26,777

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

−10.4%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like SASKEN TECHNOLOGIES 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 −29% to +37% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−5.5%, 80% range −13.0% to +14.3%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DEN · Oct 2020: −60.6% vs market
ZAGGLE · Jul 2025: −48.8% vs market
SARTELE · Jun 2025: −46.9% vs market
NEULANDLAB · Jun 2021: −45.5% vs market
COMPUSOFT · Apr 2024: −45.1% vs market
TEXRAIL · Oct 2024: −40.2% vs market
AUTOAXLES · May 2023: −38.9% vs market
SREEL · Jan 2024: −37.8% vs market
BASF · Nov 2024: −33.5% vs market
JYOTISTRUC · Sep 2024: −31.1% vs market
ALMONDZ · Apr 2025: −31.0% vs market
ADSL · Mar 2022: −30.2% vs market
IFGLEXPOR · Jun 2021: −29.1% vs market
BBL · Nov 2024: −28.3% vs market
PARACABLES · Jul 2024: −27.3% vs market
PLATIND · Jul 2025: −24.5% vs market
SYNCOMF · Apr 2025: −21.1% vs market
OPTIEMUS · Feb 2025: −20.5% vs market
NIITLTD · May 2022: −20.3% vs market
SHILPAMED · Nov 2020: −18.2% vs market
YUKEN · Jan 2025: −17.5% vs market
SESHAPAPER · Mar 2023: −16.0% vs market
ASHIANA · Jul 2024: −15.4% vs market
JTEKTINDIA · Aug 2023: −15.0% vs market
AIRAN · Nov 2020: −13.1% vs market
STERTOOLS · Aug 2023: −7.7% vs market
ORBTEXP · Jan 2023: −6.9% vs market
SHALBY · Mar 2021: −6.1% vs market
ASIANENE · Sep 2024: −2.4% vs market
KIRLPNU · Sep 2025: +11.8% vs market
NDRAUTO · Dec 2024: +12.3% vs market
KABRAEXTRU · May 2022: +14.5% vs market
BESTAGRO · Mar 2022: +21.0% vs market
GAEL · Feb 2021: +29.3% vs market
MARINE · Jun 2025: +32.6% vs market
MOREPENLAB · Jan 2021: +36.0% vs market
ASTRAMICRO · Feb 2022: +36.3% vs market
JAICORPLTD · Mar 2023: +37.4% vs market
AVTNPL · Jan 2021: +42.5% vs market
VIMTALABS · Jun 2021: +46.5% vs market
MOS · Jun 2024: +49.6% vs market
BSOFT · Feb 2021: +49.7% vs market
GRSE · Oct 2023: +56.0% vs market
SHYAMCENT · Sep 2021: +58.1% vs market
INTELLECT · Jan 2020: +62.3% vs market
ARVSMART · Jun 2022: +82.2% vs market
KINGFA · Oct 2022: +90.5% vs market
TDPOWERSYS · Mar 2022: +142.4% vs market
TEJASNET · Jun 2021: +150.2% vs market
HBLENGINE · Aug 2022: +200.6% vs market
Similar setups −10.4%All companies −4.9%← 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 · 3 beyond the range shown, drawn at the edge

Similar setups' median
−10.4%
All companies' median
−4.9%
Beat the market
42% vs 44%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ZAGGLE
Technology Services		 Jul 2025 56x13% +13%−35% −49%
KABRAEXTRU
Producer Manufacturing		 May 2022 45x12% +79%−39% +15%
BBL
Producer Manufacturing		 Nov 2024 34x11% +104%−30% −28%
ASIANENE
Energy Minerals		 Sep 2024 48x13% +105%−16% −2%
NDRAUTO
Producer Manufacturing		 Dec 2024 38x19% +68%−29% +12%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JTEKTINDIA
Consumer Durables		 Aug 2023 44x16% +51%−18% −15%
SYNCOMF
Health Technology		 Apr 2025 39x11% +20%−39% −21%
PLATIND
Process Industries		 Jul 2025 32x19% +2%−43% −25%
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/S and drawdown from 12-month high. 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 SASKEN TECHNOLOGIES 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 else looks like this?

Companies with the most similar financial profile today, regardless of industry.

PARAMOUNT COMMUNICATIONSPARACABLES
Producer Manufacturing
76%similar
revenue growthEPS growth
SEPCSEPC
Industrial Services
63%similar
volatilityrevenue
JTL INDUSTRIESJTLIND
Non-Energy Minerals
60%similar
ROCEoperating margin
APOLLO PIPESAPOLLOPIPE
Producer Manufacturing
53%similar
revenuemarket cap
STALLION INDIA FLUOROCHEMISTALLION
Process Industries
52%similar
market capdebt/equity
PROTEAN EGOV TECHNOLOGIESPROTEAN
Technology Services
63%similar
market caprevenue
CAPILLARY TECHNOLOGIES INDIACAPILLARY
Technology Services
42%similar
debt/equityrevenue
MOLD-TEK TECHNOLOGIESMOLDTECH
Technology Services
42%similar
ROCEEPS growth

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

What changed?

30 events since Oct '22

  1. OctPriceFell 41% from the Jun 2026 peak to the Oct 2026 low.
  2. OctPriceVolume reached 11.0x its 50-day median on 2026-10-21; price -1.7% that day.
  3. SepPeer rankMoved into the top quartile of Technology Services on EPS growth (from the 2nd quartile).
  4. JunResultsYear-on-year EPS growth turned positive.
  5. JunPeer rankMoved into the 2nd quartile of Technology Services on EPS growth (from the bottom quartile).
  6. MayPriceRegained the 2024-12 peak, 2 months after the low.
  7. MayPriceVolume reached 312.7x its 50-day median on 2026-05-12; price +12.6% that day.
  8. AprValuationP/E crossed above the 90th percentile of its own history to date (52.2x).
Show 22 earlier events
  1. MarPriceFell 55% from the Dec 2024 peak to the Mar 2026 low.
  2. MarPeer rankMoved into the 3rd quartile of Technology Services on operating margin (from the bottom quartile).
  3. FebPriceVolume reached 17.9x its 50-day median on 2026-02-09; price +1.1% that day.
  4. DecPriceVolume reached 68.2x its 50-day median on 2025-12-24; price +9.8% that day.
  5. AugPriceVolume reached 15.8x its 50-day median on 2025-08-19; price -2.9% that day.
  6. AprPriceVolume reached 6.6x its 50-day median on 2025-04-11; price +7.0% that day.
  7. MarResultsRevenue (TTM) reached a new high of ₹512 cr.
  8. JanPriceVolume reached 7.3x its 50-day median on 2025-01-31; price +15.1% that day.
  9. NovPriceVolume reached 45.4x its 50-day median on 2024-11-12; price +9.8% that day.
  10. JulPriceRegained the 2024-02 peak, 1 month after the low.
  11. JunPriceFell 26% from the Feb 2024 peak to the Jun 2024 low.
  12. MayPriceVolume reached 10.0x its 50-day median on 2024-05-08; price +11.0% that day.
  13. FebPeer rankSlipped to the bottom quartile of Technology Services on EPS growth (from the 3rd quartile).
  14. FebPriceVolume reached 7.7x its 50-day median on 2024-02-16; price +8.1% that day.
  15. JanPriceRegained the 2021-10 peak, 19 months after the low.
  16. OctValuationP/E crossed above the 90th percentile of its own history to date (17.4x).
  17. OctPriceVolume reached 57.9x its 50-day median on 2023-10-04; price +7.7% that day.
  18. SepPriceVolume reached 38.0x its 50-day median on 2023-09-06; price +10.7% that day.
  19. JunResultsYear-on-year EPS growth turned negative.
  20. JunPeer rankSlipped to the 3rd quartile of Technology Services on ROCE (from the 2nd quartile).
  21. JunPriceVolume reached 15.6x its 50-day median on 2023-06-30; price +7.5% that day.
  22. OctPriceVolume reached 24.7x its 50-day median on 2022-10-25; price +3.5% that day.

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

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

Monthly history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1136.5x₹1178 cr8.1%10.0%0.0x
2026-1037.5x₹1178 cr8.1%10.0%0.0x
2026-0936.6x₹1178 cr8.1%10.0%0.0x
2026-0853.4x₹1113 cr6.5%10.0%0.0x
2026-0750.9x₹1113 cr6.5%10.0%0.0x
2026-0660.8x₹1113 cr6.5%10.0%0.0x
2026-0590.0x₹927 cr5.0%7.0%0.0x
2026-0452.2x₹927 cr5.0%7.0%0.0x
2026-0344.2x₹927 cr5.0%7.0%0.0x
2026-0244.1x₹822 cr5.0%7.0%0.0x
2026-0147.4x₹822 cr5.0%7.0%0.0x
2025-1258.6x₹822 cr5.0%7.0%0.0x
2025-1149.4x₹702 cr5.2%7.0%0.0x
2025-1050.0x₹702 cr5.2%7.0%0.0x
2025-0950.1x₹702 cr5.2%7.0%0.0x
2025-0843.7x₹551 cr6.2%7.0%0.0x
2025-0744.6x₹551 cr6.2%7.0%0.0x
2025-0644.0x₹551 cr6.2%7.0%0.0x
2025-0540.9x₹512 cr7.0%12.0%0.0x
2025-0441.0x₹512 cr7.0%12.0%0.0x
2025-0341.7x₹512 cr7.0%12.0%0.0x
2025-0237.1x₹463 cr8.1%12.0%0.0x
2025-0146.3x₹463 cr8.1%12.0%0.0x
2024-1249.1x₹463 cr8.1%12.0%0.0x
2024-1146.4x₹431 cr8.8%12.0%0.0x
2024-1035.5x₹431 cr8.8%12.0%0.0x
2024-0931.0x₹431 cr8.8%12.0%0.0x
2024-0830.3x₹406 cr9.8%12.0%0.0x
2024-0732.1x₹406 cr9.8%12.0%0.0x
2024-0634.2x₹406 cr9.8%12.0%0.0x
2024-0522.2x₹447 cr13.2%17.0%0.0x
2024-0423.5x₹447 cr13.2%17.0%0.0x
2024-0323.1x₹447 cr13.2%17.0%0.0x
2024-0224.8x₹447 cr13.2%17.0%0.0x
2024-0122.0x₹447 cr13.2%17.0%0.0x
2023-1221.2x₹447 cr13.2%17.0%0.0x
2023-1117.4x₹447 cr13.2%17.0%0.0x
2023-1017.4x₹447 cr13.2%17.0%0.0x
2023-0916.6x₹447 cr13.2%17.0%0.0x
2023-0814.2x₹447 cr13.2%17.0%0.0x
2023-0714.0x₹447 cr13.2%17.0%0.0x
2023-0614.7x₹447 cr13.2%17.0%0.0x
2023-0510.0x₹434 cr18.7%25.0%0.0x
2023-0410.5x₹434 cr18.7%25.0%0.0x
2023-039.2x₹434 cr18.7%25.0%0.0x
2023-0210.2x₹434 cr18.7%25.0%0.0x
2023-0110.7x₹434 cr18.7%25.0%0.0x
2022-1210.6x₹434 cr18.7%25.0%0.0x
2022-1111.5x₹434 cr18.7%25.0%0.0x
2022-1010.6x₹434 cr18.7%25.0%0.0x
2022-099.5x₹434 cr18.7%25.0%0.0x
2022-089.7x₹434 cr18.7%25.0%0.0x
2022-079.2x₹434 cr18.7%25.0%0.0x
2022-069.0x₹434 cr18.7%25.0%0.0x
2022-0510.4x₹445 cr19.5%28.0%0.0x
2022-0410.9x₹445 cr19.5%28.0%0.0x
2022-0312.1x₹445 cr19.5%28.0%0.0x
2022-0211.7x₹445 cr19.5%28.0%0.0x
2022-0113.4x₹445 cr19.5%28.0%0.0x
2021-1217.3x₹445 cr19.5%28.0%0.0x

Older months are in the live observatory.

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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