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STATE BANK OF INDIA (SBIN)

Finance · Regional Banks · 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.65 / 100
Profitability 79Growth 50
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.63 / 100
Price 59Earnings 40FII/DII 91
Compare withICICI BANKAU SMALL FINANCE BANKIDFC FIRST BANK

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,042 latest close · +0.2% over the last 90 sessions

₹950₹1,000₹1,050₹1,100Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹950₹1,000₹1,050₹1,100Jul 3Sep 4Nov 9

₹1,042 month-end · +6.4% over 12 months

₹1,000₹1,100₹1,200Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,000₹1,100₹1,200Nov '25May '26Nov '26

₹1,042 month-end · +84.5% over 3 years

₹600₹800₹1,000₹1,200Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹600₹800₹1,000₹1,200Nov '23May '25Nov '26

₹1,042 month-end · +254.8% since Jan '19

₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹933.90 to ₹1234.70 · 1-year volatility 24.3%

Was the rally earned?

+6%share price, 1 yearEarnings-driven

Mostly yes.

  • Per-share earnings added 5 points to the rise, while the multiple moved less (P/E 11.0x to 11.2x).
  • The share count rose 4%.
Net profit growth: +9 pts. Points of the price return explained by net profit growing (or shrinking).+9 ptsNet profit growthP/E change: +2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+2 ptsP/E changeShare count change: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4 ptsShare count changeShare price: +6%+6%Share priceNet profit growth: +9 pts. Points of the price return explained by net profit growing (or shrinking).+9ProfitP/E change: +2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+2P/EShare count change: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4SharesShare price: +6%+6%Share price
Net profit growth+9 ptsNet profit rose about 9%, which lifts the price.
P/E change+2 ptsThe P/E rose from 11.0x to 11.2x, which lifts the price.
Share count change-4 ptsShare count rose 4%, which lowers the price.
+85%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings added 56 points and the multiple added 29 points (P/E 9.1x to 11.2x).
  • The share count rose 4%.
Net profit growth: +61 pts. Points of the price return explained by net profit growing (or shrinking).+61 ptsNet profit growthP/E change: +29 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+29 ptsP/E changeShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5 ptsShare count changeShare price: +85%+85%Share priceNet profit growth: +61 pts. Points of the price return explained by net profit growing (or shrinking).+61ProfitP/E change: +29 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+29P/EShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5SharesShare price: +85%+85%Share price
Net profit growth+61 ptsNet profit rose about 55%, which lifts the price.
P/E change+29 ptsThe P/E rose from 9.1x to 11.2x, which lifts the price.
Share count change-5 ptsShare count rose 4%, which lowers the price.
+126%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 203 points, but investors now pay less per rupee of profit (P/E 18.3x to 11.2x), which took 77 points back.
  • The share count barely moved.
Net profit growth: +205 pts. Points of the price return explained by net profit growing (or shrinking).+205 ptsNet profit growthP/E change: −77 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−77 ptsP/E changeShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1 ptsShare count changeShare price: +126%+126%Share priceNet profit growth: +205 pts. Points of the price return explained by net profit growing (or shrinking).+205ProfitP/E change: −77 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−77P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +126%+126%Share price
Net profit growth+205 ptsNet profit rose about 275%, which lifts the price.
P/E change-77 ptsThe P/E fell from 18.3x to 11.2x, which lowers the price.
Share count change-1 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 ICICI BANK

How rough has the ride been?

Maximum drawdown-59.5%recovered 2021-02
1-year volatility24.3%annualised
Beta vs sector index0.923-year daily, correlation 0.68
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−59.5% 0%−20%−40%−60%2020202220242026−59.5%
Largest drawdowns

-59.5% (2019-07 peak to 2020-05 low, recovered 2021-02)

-23.9% (2024-06 peak to 2025-02 low, recovered 2025-10)

-23.5% (2026-02 peak to 2026-05 low, not yet recovered)

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?

1.6xP/B todayWithin its usual range
Against its own history57th percentile
CheapestMedian 1.6xDearest

Usual range 1.0x to 1.8x since 2019-01.

Against Finance1.6x vs 1.5x
This company
1.6x
Sector median
1.5x

6% above the Finance median.

0.6x1.2x1.8x2.4xJan '19Aug '20Mar '22Oct '23May '25Nov '260.6x1.2x1.8x2.4xJan '19Sep '21May '24Nov '26
P/B (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

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

Shaded band: 10th to 90th percentile of the company's own P/B 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 Finance is valued

Where does it rank among Finance peers?

Each cell is the company's percentile rank among its Finance peers (banks and 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

  • ROE (approx.)79th▼ 5 pts vs a year ago
  • EPS growth33rd▼ 33 pts vs a year ago
  • P/B ↓47th▼ 5 pts vs a year ago
  • 12M momentum70th▲ 3 pts vs a year ago
  • FII + DII74th▲ 3 pts vs a year ago

Rank history

ROE (approx.)
EPS growth
P/B ↓
12M momentum
FII + DII
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 Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~11%annual earnings growth implied by the price

At a P/E of 15.1x, the price would imply about 10.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹1042.00
P/E
11.2x
Market Cap
₹9.62L cr
Revenue (TTM)
₹5.26L cr
P/S
1.8x
P/B
1.6x
ROE
15.0%
Debt / Equity
1.3x
Promoter Holding
55.5%
12M Momentum
6.4%

52-week range

₹933.90₹1234.70
36% of the way from its 52-week low to its high

Price risk

1Y volatility
24.3%
Beta vs sector
1-year daily
0.79

Balance sheet & cash

Share count, 1Y
+3.5%

Are profits backed by cash?

1 of 1checks within rangeAll clear
Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Tap a check to see how it is measured

Cash conversion and receivable days are not meaningful for banks and NBFCs, so only the other-income and tax-rate checks are shown.

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 2.2 pts; promoters trimmed 2.0 pts.
  • The number of shareholders rose from 30.3 lakh to 39.0 lakh (+29%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters57.5%55.5%-2.0 pts
FIIs10.7%10.8%+0.1 pts
DIIs24.4%26.5%+2.2 pts
Public and others7.4%7.1%-0.4 pts

Number of shareholders

39.0 lakhshareholders+29% since Sep '23
30.3L33.2L36.1L39.0L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 30.3 lakh
Dec '23: 30.5 lakh
Mar '24: 31.5 lakh
Jun '24: 36.1 lakh
Sep '24: 37.9 lakh
Dec '24: 37.2 lakh
Mar '25: 38.3 lakh
Jun '25: 37.5 lakh
Sep '25: 36.2 lakh
Dec '25: 35.7 lakh
Mar '26: 37.6 lakh
Jun '26: 39.0 lakh
 30.3L33.2L36.1L39.0L Sep '23Sep '24Sep '25Jun '26
Sep '23: 30.3 lakh
Dec '23: 30.5 lakh
Mar '24: 31.5 lakh
Jun '24: 36.1 lakh
Sep '24: 37.9 lakh
Dec '24: 37.2 lakh
Mar '25: 38.3 lakh
Jun '25: 37.5 lakh
Sep '25: 36.2 lakh
Dec '25: 35.7 lakh
Mar '26: 37.6 lakh
Jun '26: 39.0 lakh

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

−0.2%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 42 past situations where a bank, NBFC or insurer looked like STATE BANK OF INDIA today on valuation, return on capital, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −23% to +24% vs the market, against −2% for all financial companies in the same months.
  • The gap against the base rate (+1.8%, 80% range −2.8% to +14.9%) is within what chance and overlapping periods produce.

Where the 42 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%
DCBBANK · Jan 2020: −52.8% vs market
IDFCFIRSTB · Sep 2023: −46.4% vs market
LTF · Mar 2021: −31.9% vs market
LICHSGFIN · Jun 2021: −30.9% vs market
INDUSINDBK · Aug 2023: −29.8% vs market
M&MFIN · Feb 2020: −28.5% vs market
IIFL · Jun 2023: −28.1% vs market
CUB · Apr 2020: −27.7% vs market
HDFCBANK · Sep 2025: −25.9% vs market
BANDHANBNK · Feb 2022: −23.9% vs market
APTUS · Apr 2025: −23.5% vs market
PNBHOUSING · Feb 2021: −23.1% vs market
MANAPPURAM · Feb 2020: −20.5% vs market
AADHARHFC · Oct 2025: −12.9% vs market
IDBI · Sep 2025: −10.6% vs market
KOTAKBANK · Jul 2025: −6.4% vs market
RECLTD · May 2020: −5.3% vs market
PFC · Oct 2020: −4.3% vs market
SUNDARMFIN · Dec 2021: −2.8% vs market
YESBANK · Sep 2025: −2.0% vs market
BANKBARODA · Aug 2025: −1.8% vs market
CSBBANK · Apr 2025: +1.4% vs market
PNB · Sep 2025: +2.5% vs market
AXISBANK · Sep 2025: +7.7% vs market
ICICIBANK · Jun 2021: +12.0% vs market
CANFINHOME · Apr 2025: +13.4% vs market
CANBK · May 2025: +15.5% vs market
UNIONBANK · May 2025: +15.7% vs market
SHRIRAMFIN · Jun 2024: +18.9% vs market
UJJIVANSFB · Jun 2025: +20.2% vs market
SBICARD · Dec 2024: +23.0% vs market
CHOLAFIN · Feb 2020: +24.4% vs market
INDIANB · Jul 2025: +30.4% vs market
CHOLAHLDNG · Jul 2022: +34.3% vs market
MAHABANK · Feb 2025: +36.5% vs market
IRFC · May 2022: +39.1% vs market
MUTHOOTFIN · Jun 2024: +43.1% vs market
BAJFINANCE · Nov 2024: +51.9% vs market
KARURVYSYA · Oct 2025: +54.8% vs market
IOB · Nov 2022: +55.7% vs market
FEDERALBNK · Sep 2025: +63.6% vs market
PSB · Nov 2022: +72.2% vs market
Similar setups −0.2%All companies −2.0%← 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

Similar setups' median
−0.2%
All companies' median
−2.0%
Beat the market
50% vs 48%

42 past situations · 42 companies · 27 months · 2020–2025

The closest matches

CompanyWhenP/EP/B12M mom.DrawdownNext 12 months
AXISBANK
Finance		 Sep 2025 13x1.9x −8%−11% +8%
KOTAKBANK
Finance		 Jul 2025 18x2.5x +9%−13% −6%
ICICIBANK
Finance		 Jun 2021 24x2.9x +80%−6% +12%
INDUSINDBK
Finance		 Aug 2023 14x1.9x +24%−4% −30%
HDFCBANK
Finance		 Sep 2025 21x2.8x +10%−6% −26%
Show the other 3 matches
CompanyWhenP/EP/B12M mom.DrawdownNext 12 months
SHRIRAMFIN
Finance		 Jun 2024 15x2.5x +68%−3% +19%
RECLTD
Finance		 May 2020 3x0.5x −39%−47% −5%
FEDERALBNK
Finance		 Sep 2025 12x1.4x −2%−12% +64%
How reliable is this?

Matched on P/E, P/B, ROE, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and ROE. 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 STATE BANK OF INDIA. 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.

HDFC BANKHDFCBANK
Finance
74%similar
market capvolatility
ICICI BANKICICIBANK
Finance
62%similar
market capvolatility
BAJAJ FINSERVBAJAJFINSV
Finance
60%similar
promoter holdingmarket cap

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

What changed?

25 events since Jun '19

  1. MarPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
  2. FebPriceVolume reached 5.1x its 50-day median on 2026-02-09; price +7.5% that day.
  3. DecValuationP/B crossed above the 90th percentile of its own history to date (1.8x).
  4. JunPeer rankMoved into the top quartile of Finance on ROE (from the 2nd quartile).
  5. DecPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
  6. JunResultsRevenue (TTM) reached a new high of ₹439,188 cr.
  7. JunPeer rankSlipped to the 2nd quartile of Finance on ROE (from the top quartile).
  8. JunPriceVolume reached 8.0x its 50-day median on 2024-06-04; price -14.4% that day.
Show 17 earlier events
  1. FebValuationP/B crossed above the 90th percentile of its own history to date (1.9x).
  2. JunResultsRevenue (TTM) reached a new high of ₹350,845 cr.
  3. JunPeer rankMoved into the top quartile of Finance on ROE (from the 2nd quartile).
  4. NovValuationP/B crossed above the 90th percentile of its own history to date (1.8x).
  5. JunResultsRevenue (TTM) reached a new high of ₹289,973 cr.
  6. JunPeer rankMoved into the 2nd quartile of Finance on ROE (from the 3rd quartile).
  7. JanValuationP/B crossed above the 90th percentile of its own history to date (1.8x).
  8. AugPriceVolume reached 5.7x its 50-day median on 2021-08-04; price +2.3% that day.
  9. JunResultsRevenue (TTM) reached a new high of ₹278,115 cr.
  10. JunPeer rankSlipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
  11. JunDividendStarted paying a dividend (payout 16% of profit).
  12. FebPriceRegained the 2019-07 peak, 9 months after the low.
  13. FebPriceVolume reached 5.3x its 50-day median on 2021-02-05; price +10.7% that day.
  14. JunResultsRevenue (TTM) reached a new high of ₹269,852 cr.
  15. JunPeer rankMoved into the 3rd quartile of Finance on ROE (from the bottom quartile).
  16. MayPriceFell 60% from the Jul 2019 peak to the May 2020 low.
  17. JunResultsEPS (TTM) turned positive.

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
MonthP/ERevenue (TTM)ROEDebt / Equity
2026-1111.2x₹5.26L cr15.0%1.3x
2026-1010.3x₹5.26L cr15.0%1.3x
2026-0910.3x₹5.26L cr15.0%1.3x
2026-0811.6x₹5.15L cr15.0%1.3x
2026-0711.3x₹5.15L cr15.0%1.3x
2026-0611.3x₹5.15L cr15.0%1.3x
2026-0510.5x₹5.11L cr17.0%1.3x
2026-0411.7x₹5.11L cr17.0%1.3x
2026-0310.7x₹5.11L cr17.0%1.3x
2026-0213.4x₹5.05L cr17.0%1.3x
2026-0112.0x₹5.05L cr17.0%1.3x
2025-1210.9x₹5.05L cr17.0%1.3x
2025-1111.0x₹4.98L cr17.0%1.3x
2025-1010.5x₹4.98L cr17.0%1.3x
2025-099.8x₹4.98L cr17.0%1.3x
2025-089.2x₹4.91L cr17.0%1.3x
2025-079.2x₹4.91L cr17.0%1.3x
2025-069.4x₹4.91L cr17.0%1.3x
2025-059.1x₹4.81L cr17.0%1.5x
2025-048.9x₹4.81L cr17.0%1.5x
2025-038.7x₹4.81L cr17.0%1.5x
2025-028.6x₹4.70L cr17.0%1.5x
2025-019.6x₹4.70L cr17.0%1.5x
2024-129.9x₹4.70L cr17.0%1.5x
2024-1111.0x₹4.56L cr17.0%1.5x
2024-1010.8x₹4.56L cr17.0%1.5x
2024-0910.4x₹4.56L cr17.0%1.5x
2024-0810.9x₹4.39L cr17.0%1.5x
2024-0711.6x₹4.39L cr17.0%1.5x
2024-0611.3x₹4.39L cr17.0%1.5x
2024-0513.3x₹3.51L cr17.0%1.5x
2024-0413.3x₹3.51L cr17.0%1.5x
2024-0312.1x₹3.51L cr17.0%1.5x
2024-0212.0x₹3.51L cr17.0%1.5x
2024-0110.3x₹3.51L cr17.0%1.5x
2023-1210.3x₹3.51L cr17.0%1.5x
2023-119.1x₹3.51L cr17.0%1.5x
2023-109.1x₹3.51L cr17.0%1.5x
2023-099.6x₹3.51L cr17.0%1.5x
2023-089.0x₹3.51L cr17.0%1.5x
2023-079.9x₹3.51L cr17.0%1.5x
2023-069.2x₹3.51L cr17.0%1.5x
2023-0514.6x₹2.90L cr12.0%1.5x
2023-0414.6x₹2.90L cr12.0%1.5x
2023-0313.2x₹2.90L cr12.0%1.5x
2023-0213.2x₹2.90L cr12.0%1.5x
2023-0114.0x₹2.90L cr12.0%1.5x
2022-1215.5x₹2.90L cr12.0%1.5x
2022-1115.2x₹2.90L cr12.0%1.5x
2022-1014.5x₹2.90L cr12.0%1.5x
2022-0913.4x₹2.90L cr12.0%1.5x
2022-0813.4x₹2.90L cr12.0%1.5x
2022-0713.3x₹2.90L cr12.0%1.5x
2022-0611.8x₹2.90L cr12.0%1.5x
2022-0518.6x₹2.78L cr9.0%1.6x
2022-0419.8x₹2.78L cr9.0%1.6x
2022-0319.7x₹2.78L cr9.0%1.6x
2022-0219.2x₹2.78L cr9.0%1.6x
2022-0121.4x₹2.78L cr9.0%1.6x
2021-1218.3x₹2.78L cr9.0%1.6x
2021-1118.3x₹2.78L cr9.0%1.6x
2021-1020.0x₹2.78L cr9.0%1.6x
2021-0918.0x₹2.78L cr9.0%1.6x
2021-0817.0x₹2.78L cr9.0%1.6x
2021-0717.2x₹2.78L cr9.0%1.6x
2021-0616.7x₹2.78L cr9.0%1.6x
2021-0519.2x₹2.70L cr7.0%1.3x
2021-0416.0x₹2.70L cr7.0%1.3x
2021-0316.4x₹2.70L cr7.0%1.3x
2021-0217.6x₹2.70L cr7.0%1.3x
2021-0112.7x₹2.70L cr7.0%1.3x
2020-1212.4x₹2.70L cr7.0%1.3x
2020-1111.0x₹2.70L cr7.0%1.3x
2020-108.5x₹2.70L cr7.0%1.3x
2020-098.4x₹2.70L cr7.0%1.3x
2020-089.6x₹2.70L cr7.0%1.3x
2020-078.6x₹2.70L cr7.0%1.3x
2020-068.1x₹2.70L cr7.0%1.3x
2020-0562.5x₹2.53L cr1.0%1.8x
2020-0473.8x₹2.53L cr1.0%1.8x
2020-0376.3x₹2.53L cr1.0%1.8x
2020-02117.4x₹2.53L cr1.0%1.8x
2020-01123.4x₹2.53L cr1.0%1.8x
2019-12129.4x₹2.53L cr1.0%1.8x
2019-11132.5x₹2.53L cr1.0%1.8x
2019-10121.1x₹2.53L cr1.0%1.8x
2019-09105.0x₹2.53L cr1.0%1.8x
2019-08106.1x₹2.53L cr1.0%1.8x
2019-07128.8x₹2.53L cr1.0%1.8x
2019-06140.0x₹2.53L cr1.0%1.8x
2019-05—₹2.29L cr-2.0%1.6x
2019-04—₹2.29L cr-2.0%1.6x
2019-03—₹2.29L cr-2.0%1.6x
2019-02—₹2.29L cr-2.0%1.6x
2019-01—₹2.29L cr-2.0%1.6x

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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