Share price
₹56.66 latest close · +6.7% over the last 90 sessions
₹56.66 month-end · +292.1% over 12 months
₹56.66 month-end · +135.6% over 3 years
₹56.66 month-end · +151.8% since Jan '19
52-week range ₹13.65 to ₹74.06 · 1-year volatility 98.5%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-72.4% (2019-07 peak to 2020-03 low, recovered 2026-04)
-35.0% (2026-08 peak to 2026-10 low, not yet recovered)
-29.7% (2019-01 peak to 2019-02 low, recovered 2019-03)
Is it expensive against its own past and its peers?
Usual range 11.3x to 631.7x since 2019-01.
35% below the Distribution Services median.
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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.
Where does it rank among Distribution Services peers?
Each cell is the company's percentile rank among its Distribution 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
- ROCE36th
- Op. margin41st
- Debt/equity ↓53rd
- Cash cycle ↓37th
- P/E ↓69th
- 12M momentum100th
Rank history
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 Distribution Services sector page Watch it move against Distribution Services in the Observatory
What is the price implying?
At a P/E of 17.8x, the price would imply about 12.4%/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 Distribution Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹56.66
- P/E
- 10.9x
- ROCE
- 6.0%
- Market Cap
- ₹224 cr
- Revenue (TTM)
- ₹1055 cr
- P/S
- 0.2x
- P/B
- 0.5x
- ROE
- 4.1%
- Operating Margin
- 4.3%
- Debt / Equity
- 0.3x
- Promoter Holding
- 61.1%
- 12M Momentum
- 292.1%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance34%Near threshold
Other income as a share of pre-tax profit (trailing twelve months): 33.8%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate29%Within range
Median quarterly effective tax rate over about 2.5 years: 28.6%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion2.22xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 2.22x (cash from operations ₹102 cr, net profit ₹46 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow5 of 5 yrsWithin range
Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
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.
What changed?
19 events since Feb '19
- OctPriceFell 35% from the Aug 2026 peak to the Oct 2026 low.
- JunPeer rankSlipped to the 3rd quartile of Distribution Services on operating margin (from the 2nd quartile).
- AprResultsEPS (TTM) turned positive.
- AprPriceRegained the 2019-07 peak, 73 months after the low.
- AprValuationP/E fell below the 10th percentile of its own history to date (12.0x).
- AprDividendStarted paying a dividend (payout 23% of profit).
- JunResultsEPS (TTM) turned negative.
- JunPeer rankSlipped to the bottom quartile of Distribution Services on EPS growth (from the top quartile).
Show 11 earlier events
- JunDividendDividend payout cut from 550% to -74% of profit.
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the 3rd quartile of Distribution Services on ROCE (from the bottom quartile).
- JunDividendDividend payout cut from 1218% to 550% of profit.
- MarPriceFell 72% from the Jul 2019 peak to the Mar 2020 low.
- AugPeer rankSlipped to the bottom quartile of Distribution Services on ROCE (from the 3rd quartile).
- JulPriceRegained the 2019-03 peak, 1 month after the low.
- JunPriceFell 25% from the Mar 2019 peak to the Jun 2019 low.
- MarPriceRegained the 2019-01 peak, 1 month after the low.
- FebPriceFell 30% from the Jan 2019 peak to the Feb 2019 low.
- FebPeer rankMoved into the 3rd quartile of Distribution Services on ROCE (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
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 10.9x | ₹1055 cr | 4.1% | 6.0% | 0.3x |
| 2026-10 | 9.4x | ₹1055 cr | 4.1% | 6.0% | 0.3x |
| 2026-09 | 10.0x | ₹1055 cr | 4.1% | 6.0% | 0.3x |
| 2026-08 | 11.8x | ₹973 cr | 3.7% | 6.0% | 0.3x |
| 2026-07 | 10.9x | ₹973 cr | 3.7% | 6.0% | 0.3x |
| 2026-06 | 11.5x | ₹973 cr | 3.7% | 6.0% | 0.3x |
| 2026-05 | 12.7x | ₹947 cr | 3.6% | 6.0% | 0.3x |
| 2026-04 | 12.0x | ₹947 cr | 3.6% | 6.0% | 0.3x |
| 2026-03 | — | — | — | — | — |
| 2026-02 | — | — | — | — | — |
| 2026-01 | — | — | — | — | — |
| 2025-12 | — | — | — | — | — |
| 2025-11 | — | — | — | — | — |
| 2025-10 | — | — | — | — | — |
| 2025-09 | — | — | — | — | — |
| 2025-08 | — | — | — | — | — |
| 2025-07 | — | — | — | — | — |
| 2025-06 | — | — | — | — | — |
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| 2024-12 | — | — | — | — | — |
| 2024-11 | — | — | — | — | — |
| 2024-10 | — | — | — | — | — |
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| 2023-12 | — | — | — | — | — |
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| 2022-12 | — | — | — | — | — |
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| 2022-10 | — | — | — | — | — |
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| 2022-03 | — | — | — | — | — |
| 2022-02 | — | — | — | — | — |
| 2022-01 | — | — | — | — | — |
| 2021-12 | — | — | — | — | — |
| 2021-11 | — | — | — | — | — |
| 2021-10 | — | — | — | — | — |
| 2021-09 | — | — | — | — | — |
| 2021-08 | — | — | — | — | — |
| 2021-07 | — | ₹542 cr | -0.8% | 2.0% | 0.2x |
| 2021-06 | — | ₹542 cr | -0.8% | 2.0% | 0.2x |
| 2021-05 | 276.1x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2021-04 | 237.2x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2021-03 | 160.6x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2021-02 | 166.1x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2021-01 | 170.0x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2020-12 | 177.2x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2020-11 | 140.0x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2020-10 | 128.3x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2020-09 | 123.3x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2020-08 | 135.0x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2020-07 | 133.3x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2020-06 | 154.4x | ₹699 cr | 0.1% | 3.0% | 0.3x |
| 2020-05 | 371.7x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2020-04 | 415.0x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2020-03 | 301.7x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2020-02 | 475.0x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2020-01 | 573.3x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2019-12 | 496.7x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2019-11 | 645.0x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2019-10 | 550.0x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2019-09 | 625.0x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2019-08 | 641.7x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2019-07 | 760.0x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2019-06 | 848.3x | ₹820 cr | 0.0% | 3.0% | 0.3x |
| 2019-05 | 85.2x | ₹738 cr | 0.3% | 2.0% | 0.2x |
| 2019-04 | 77.6x | ₹738 cr | 0.3% | 2.0% | 0.2x |
| 2019-03 | 82.9x | ₹738 cr | 0.3% | 2.0% | 0.2x |
| 2019-02 | 68.8x | ₹738 cr | 0.3% | 2.0% | 0.2x |
| 2019-01 | 77.6x | ₹738 cr | 0.3% | 2.0% | 0.2x |