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SILVER TOUCH TECHNOLOGIES LTD (SILVERTUC)

Technology Services · Packaged Software · figures to Nov '26

Divergence: business ahead of price (2 months)
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.79 / 100
Profitability 80Growth 85Balance sheet 72
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.53 / 100
Price 1Earnings 91FII/DII 69

Passes these screensQuality CompounderHigh MomentumDebt-light & profitableBusiness ahead of priceConsistent compounders

Compare withONE 97 COMMUNICATIONS PAYTMORACLE FINANCIAL SERVICES SOFTMPHASIS

Share price

Closing priceAdjusted for splits and bonus issues.

₹125.58 latest close · −31.1% over the last 90 sessions

₹150₹200Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹150₹200Jul 3Sep 4Nov 9

₹125.58 month-end · +60.8% over 12 months

₹100₹150₹200Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹100₹150₹200Nov '25May '26Nov '26

₹125.58 month-end · +86.0% over 3 years

₹50₹100₹150₹200Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹50₹100₹150₹200Nov '23May '25Nov '26

₹125.58 month-end · +929.3% since Feb '19

₹0₹100₹200Feb '19Sep '20Mar '22Oct '23Apr '25Nov '26 ₹0₹100₹200Feb '19Jan '23Nov '26

52-week range ₹70.80 to ₹216.80 · 1-year volatility 53.7%

Was the rally earned?

+61%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 77 points, but investors now pay less per rupee of profit (P/E 43.1x to 38.2x), which took 16 points back.
  • The share count rose 4%.
Net profit growth: +82 pts. Points of the price return explained by net profit growing (or shrinking).+82 ptsNet profit growthP/E change: −16 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−16 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: +61%+61%Share priceNet profit growth: +82 pts. Points of the price return explained by net profit growing (or shrinking).+82ProfitP/E change: −16 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−16P/EShare count change: −5 pts. Points of the price return explained by the share count changing. More shares count against the price.−5SharesShare price: +61%+61%Share price
Net profit growth+82 ptsNet profit rose about 89%, which lifts the price.
P/E change-16 ptsThe P/E fell from 43.1x to 38.2x, which lowers the price.
Share count change-5 ptsShare count rose 4%, which lowers the price.
+86%share price, 3 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 88.8x to 38.2x), which took 117 points back.
  • The share count fell 4%.
Net profit growth: +198 pts. Points of the price return explained by net profit growing (or shrinking).+198 ptsNet profit growthP/E change: −117 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−117 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: +86%+86%Share priceNet profit growth: +198 pts. Points of the price return explained by net profit growing (or shrinking).+198ProfitP/E change: −117 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−117P/EShare count change: +6 pts. Points of the price return explained by the share count changing. More shares count against the price.+6SharesShare price: +86%+86%Share price
Net profit growth+198 ptsNet profit rose about 316%, which lifts the price.
P/E change-117 ptsThe P/E fell from 88.8x to 38.2x, which lowers the price.
Share count change+6 ptsShare count fell 4%, which lifts the price.
+685%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 1235 points, but investors now pay less per rupee of profit (P/E 200.0x to 38.2x), which took 551 points back.
  • The share count rose 92%.
Net profit growth: +1453 pts. Points of the price return explained by net profit growing (or shrinking).+1453 ptsNet profit growthP/E change: −551 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−551 ptsP/E changeShare count change: −217 pts. Points of the price return explained by the share count changing. More shares count against the price.−217 ptsShare count changeShare price: +685%+685%Share priceNet profit growth: +1453 pts. Points of the price return explained by net profit growing (or shrinking).+1453ProfitP/E change: −551 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−551P/EShare count change: −217 pts. Points of the price return explained by the share count changing. More shares count against the price.−217SharesShare price: +685%+685%Share price
Net profit growth+1453 ptsNet profit rose about 7808%, which lifts the price.
P/E change-551 ptsThe P/E fell from 200.0x to 38.2x, which lowers the price.
Share count change-217 ptsShare count rose 92%, 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 ONE 97 COMMUNICATIONS PAYTM

How rough has the ride been?

Maximum drawdown-46.4%recovered 2021-08
1-year volatility53.7%annualised
Beta vs sector index0.283-year daily, correlation 0.14
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−46.4% 0%−20%−40%2020202220242026−46.4%
Largest drawdowns

-46.4% (2019-05 peak to 2021-05 low, recovered 2021-08)

-44.0% (2026-07 peak to 2026-10 low, not yet recovered)

-37.7% (2026-01 peak to 2026-03 low, recovered 2026-05)

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?

38.2xP/E todayWithin its usual range
Against its own history32nd percentile
CheapestMedian 52.5xDearest

Usual range 14.3x to 157.2x since 2019-02.

Against Technology Services38.2x vs 21.1x
This company
38.2x
Sector median
21.1x

81% above the Technology Services median.

7.4x122.4x237.5x352.5xFeb '19Sep '20Apr '22Nov '23Jun '25Nov '267.4x122.4x237.5x352.5xFeb '19Sep '21Apr '24Nov '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; 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

  • ROCE83rd▲ 15 pts vs a year ago
  • Op. margin77th▲ 31 pts vs a year ago
  • Revenue growth65th▼ 8 pts vs a year ago
  • EPS growth91st▲ 20 pts vs a year ago
  • Debt/equity ↓38th▲ 20 pts vs a year ago
  • Cash cycle ↓96thflat vs a year ago
  • P/E ↓26thflat vs a year ago
  • 12M momentum97th▲ 11 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?

~33%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 86.9x, a holder earning 12%/yr needs earnings to grow about 33.3%/yr for 10 years, then trade at 15x.

Delivered17.8%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+15.5 ptsimplied minus delivered
Rank223rdmost demanding of 856

Over time

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

0%22%44% Feb 2019Nov 2026 0%22%44% Feb 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x35.1%36.3%37.5%
15x32.1%33.3%34.5%
20x28.4%29.6%30.7%

Drag a slider to test other assumptions

Implied: 33.3%/yr

Looking back

  • Jan 2020Price implied 11%/yr; EPS has since grown 19%/yr (7.0 yrs)
  • Jan 2021Price implied 14%/yr; EPS has since grown 38%/yr (6.0 yrs)
  • Jan 2022Price implied 22%/yr; EPS has since grown 104%/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
₹125.58
P/E
38.2x
ROCE
30.0%
Market Cap
₹1588 cr
Revenue (TTM)
₹361 cr
P/S
4.4x
P/B
9.4x
ROE
24.6%
Operating Margin
22.0%
Debt / Equity
0.2x
Promoter Holding
74.7%
12M Momentum
60.8%

52-week range

₹70.80₹216.80
38% of the way from its 52-week low to its high

Price risk

1Y volatility
53.7%
Beta vs sector
1-year daily
0.26

Balance sheet & cash

Interest cover
operating profit ÷ interest
9.1x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.23x
low
Share count, 1Y
+92.3%

Are profits backed by cash?

5 of 7checks within range1 beyond a threshold
Other income reliance0%Within range

Other income as a share of pre-tax profit (trailing twelve months): 0.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.23xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.23x (cash from operations ₹17 cr, net profit ₹74 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+3 daysWithin range

Debtor days are above the median of the previous three fiscal years by 3 days (122 vs 119). 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-44 days / 2 yrsWithin range

Days payable changed by -44 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 2 years, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders rose from 1,262 to 10,774 (+754%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters74.5%74.7%+0.1 pts
FIIs0.0%0.5%+0.5 pts
DIIs0.0%0.0%0.0 pts
Public and others25.5%24.9%-0.6 pts

Number of shareholders

10,774shareholders+754% since Dec '23
1k4k8k11k Dec '23Jun '24Mar '25Sep '25Mar '26Jun '26
Dec '23: 1,262
Mar '24: 1,397
Jun '24: 1,449
Dec '24: 1,537
Mar '25: 1,570
Jun '25: 1,582
Sep '25: 2,011
Dec '25: 3,521
Mar '26: 9,873
Jun '26: 10,774
 1k4k8k11k Dec '23Dec '24Sep '25Jun '26
Dec '23: 1,262
Mar '24: 1,397
Jun '24: 1,449
Dec '24: 1,537
Mar '25: 1,570
Jun '25: 1,582
Sep '25: 2,011
Dec '25: 3,521
Mar '26: 9,873
Jun '26: 10,774

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

−11.5%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 SILVER TOUCH TECHNOLOGIES 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 −29% to +16% vs the market, against −3% for all non-financial companies in the same months.
  • The gap against the base rate (−8.9%, 80% range −19.2% to +6.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
RAMCOSYS · Jun 2021: −53.9% vs market
FOCUS · Jan 2024: −52.0% vs market
MEDICO · Sep 2023: −50.0% vs market
INNOVANA · Sep 2023: −48.7% vs market
AARTIDRUGS · Apr 2021: −47.5% vs market
SIGMA · Dec 2023: −41.0% vs market
OAL · May 2021: −38.6% vs market
NEWGEN · Aug 2021: −35.4% vs market
MOTISONS · Jul 2025: −34.8% vs market
GLOBUSSPR · Apr 2022: −32.7% vs market
TIRUMALCHM · Oct 2021: −31.7% vs market
MARKSANS · Feb 2021: −29.4% vs market
INFOBEAN · Sep 2022: −29.2% vs market
SAKSOFT · Dec 2023: −28.8% vs market
PLATIND · Mar 2025: −28.5% vs market
ROTO · Feb 2025: −26.1% vs market
HIKAL · Dec 2021: −24.9% vs market
FAIRCHEMOR · Dec 2021: −23.4% vs market
CARYSIL · Feb 2022: −23.4% vs market
RAJRATAN · Oct 2022: −22.5% vs market
SIGACHI · May 2024: −22.2% vs market
ANUP · Jul 2025: −22.0% vs market
DYNPRO · May 2021: −17.4% vs market
ONEPOINT · Jun 2024: −17.2% vs market
INTELLECT · Aug 2021: −15.2% vs market
ACE · Jun 2021: −7.8% vs market
HINDWAREAP · Jun 2021: −7.0% vs market
IONEXCHANG · Oct 2023: −5.3% vs market
ICEMAKE · Dec 2023: +3.1% vs market
VIDHIING · Nov 2021: +4.3% vs market
SBCL · Jan 2023: +10.4% vs market
RSYSTEMS · Feb 2022: +11.8% vs market
FCL · Dec 2022: +12.6% vs market
BETA · Sep 2022: +13.6% vs market
ASTRAMICRO · Jul 2024: +14.0% vs market
THEJO · Jul 2021: +14.4% vs market
AURIONPRO · May 2024: +15.5% vs market
KIRLOSBROS · Aug 2024: +16.6% vs market
ASTEC · Feb 2021: +21.0% vs market
ELECON · Sep 2023: +24.7% vs market
BECTORFOOD · Dec 2023: +24.7% vs market
XPROINDIA · Oct 2022: +26.3% vs market
IRIS · Jun 2024: +42.6% vs market
NEULANDLAB · May 2025: +45.3% vs market
VADILALIND · Oct 2025: +49.0% vs market
TI · Apr 2025: +51.8% vs market
MASTEK · Jan 2021: +77.1% vs market
MATRIMONY · Feb 2020: +93.1% vs market
BALAMINES · Dec 2020: +172.7% vs market
CUPID · Oct 2024: +181.9% vs market
Similar setups −11.5%All companies −2.6%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
−11.5%
All companies' median
−2.6%
Beat the market
44% vs 47%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
THEJO
Distribution Services		 Jul 2021 32x28% +386%−17% +14%
RAJRATAN
Producer Manufacturing		 Oct 2022 35x40% +79%−36% −23%
IONEXCHANG
Producer Manufacturing		 Oct 2023 40x34% +155%−19% −5%
OAL
Process Industries		 May 2021 31x21% +473%−12% −39%
SIGACHI
Health Technology		 May 2024 —20% +171%−29% −22%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ASTEC
Process Industries		 Feb 2021 50x20% +125%−19% +21%
INFOBEAN
Technology Services		 Sep 2022 25x27% +48%−32% −29%
ELECON
Producer Manufacturing		 Sep 2023 37x25% +126%−18% +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/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 SILVER TOUCH TECHNOLOGIES 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

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.

NGL FINE CHEMNGLFINE
Health Technology
73%similar
market caprevenue growth
UNIHEALTH HOSPITALSUNIHEALTH
Health Services
70%similar
debt/equityrevenue growth
EURO PRATIK SALESEUROPRATIK
Producer Manufacturing
65%similar
revenuemarket cap
INDO TECH TRANSFORMERSINDOTECH
Producer Manufacturing
59%similar
EPS growthrevenue growth
OBSC PERFECTIONOBSCP
Producer Manufacturing
59%similar
volatilityrevenue
INFOBEANS TECHNOLOGIESINFOBEAN
Technology Services
57%similar
market capROCE
NETWORK PEOPLE SERVICES TECHNPST
Technology Services
53%similar
EPS growthoperating margin
SAHANA SYSTEMSAHANA
Technology Services
41%similar
revenueEPS growth

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

What changed?

30 events since Jul '21

  1. OctPriceFell 44% from the Jul 2026 peak to the Oct 2026 low.
  2. SepPeer rankMoved into the top quartile of Technology Services on operating margin (from the 2nd quartile).
  3. JunPeer rankMoved into the top quartile of Technology Services on ROCE (from the 2nd quartile).
  4. JunSharesShare count is up 92.3% over 12 months.
  5. MayPriceRegained the 2026-01 peak, 2 months after the low.
  6. MarPriceFell 38% from the Jan 2026 peak to the Mar 2026 low.
  7. JanPriceVolume reached 21.6x its 50-day median on 2026-01-02; price +13.0% that day.
  8. DecPeer rankMoved into the 2nd quartile of Technology Services on operating margin (from the 3rd quartile).
Show 22 earlier events
  1. DecPriceVolume reached 25.0x its 50-day median on 2025-12-30; price +11.5% that day.
  2. SepPeer rankSlipped to the 3rd quartile of Technology Services on operating margin (from the 2nd quartile).
  3. JulPriceVolume reached 18.5x its 50-day median on 2025-07-22; price +2.4% that day.
  4. JunPeer rankMoved into the 2nd quartile of Technology Services on operating margin (from the 3rd quartile).
  5. JunPriceVolume reached 12.5x its 50-day median on 2025-06-30; price +0.3% that day.
  6. FebPriceVolume reached 5.7x its 50-day median on 2025-02-27; price -0.8% that day.
  7. NovPriceVolume reached 8.1x its 50-day median on 2024-11-27; price -1.5% that day.
  8. JunResultsRevenue (TTM) reached a new high of ₹224 cr.
  9. JunPeer rankMoved into the 2nd quartile of Technology Services on ROCE (from the 3rd quartile).
  10. FebPriceVolume reached 5.3x its 50-day median on 2024-02-14; price +6.3% that day.
  11. SepPriceVolume reached 28.7x its 50-day median on 2023-09-14; price +11.2% that day.
  12. JanPriceVolume reached 6.7x its 50-day median on 2023-01-02; price +2.0% that day.
  13. DecPriceVolume reached 8.7x its 50-day median on 2022-12-07; price -1.8% that day.
  14. AugPriceVolume reached 9.7x its 50-day median on 2022-08-25; price +2.5% that day.
  15. JunResultsYear-on-year EPS growth turned positive.
  16. JunPeer rankMoved into the 3rd quartile of Technology Services on ROCE (from the bottom quartile).
  17. JunDividendDividend payout cut from 64% to 10% of profit.
  18. AprPriceVolume reached 10.2x its 50-day median on 2022-04-19; price +9.8% that day.
  19. FebPriceRegained the 2021-09 peak, 4 months after the low.
  20. OctPriceFell 26% from the Sep 2021 peak to the Oct 2021 low.
  21. AugPriceRegained the 2019-05 peak, 3 months after the low.
  22. JulPriceVolume reached 32.5x its 50-day median on 2021-07-27; price +3.0% 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
2026-1138.2x₹361 cr24.6%30.0%0.2x
2026-1035.8x₹361 cr24.3%30.0%0.2x
2026-0942.7x₹361 cr24.3%30.0%0.2x
2026-0861.1x₹346 cr20.7%30.0%0.2x
2026-0771.6x₹346 cr20.7%30.0%0.2x
2026-0665.8x₹346 cr20.7%30.0%0.2x
2026-0567.1x₹331 cr23.1%22.0%0.3x
2026-0465.1x₹331 cr23.1%22.0%0.3x
2026-0341.4x₹331 cr23.1%22.0%0.3x
2026-0268.9x₹309 cr18.7%22.0%0.3x
2026-0167.5x₹309 cr18.7%22.0%0.3x
2025-1253.5x₹309 cr18.7%22.0%0.3x
2025-1143.1x₹298 cr16.4%22.0%0.3x
2025-1042.5x₹298 cr16.4%22.0%0.3x
2025-0939.2x₹298 cr16.4%22.0%0.3x
2025-0839.8x₹292 cr15.7%22.0%0.3x
2025-0744.8x₹292 cr15.7%22.0%0.3x
2025-0643.9x₹292 cr15.7%22.0%0.3x
2025-0551.0x₹285 cr15.9%20.0%0.1x
2025-0452.4x₹285 cr15.9%20.0%0.1x
2025-0341.6x₹285 cr15.9%20.0%0.1x
2025-0243.5x₹264 cr15.9%20.0%0.1x
2025-0143.6x₹264 cr15.9%20.0%0.1x
2024-1247.3x₹264 cr15.9%20.0%0.1x
2024-1150.4x₹241 cr15.9%20.0%0.1x
2024-1050.8x₹241 cr15.9%20.0%0.1x
2024-0952.7x₹241 cr15.9%20.0%0.1x
2024-0860.2x₹224 cr14.2%20.0%0.1x
2024-0761.7x₹224 cr14.2%20.0%0.1x
2024-0657.9x₹224 cr14.2%20.0%0.1x
2024-05102.4x₹164 cr10.5%16.0%0.1x
2024-0490.5x₹164 cr10.5%16.0%0.1x
2024-0385.0x₹164 cr10.5%16.0%0.1x
2024-0293.2x₹164 cr10.5%16.0%0.1x
2024-0190.8x₹164 cr10.5%16.0%0.1x
2023-1291.4x₹164 cr10.5%16.0%0.1x
2023-1188.8x₹164 cr10.5%16.0%0.1x
2023-1072.1x₹164 cr10.5%16.0%0.1x
2023-0981.7x₹164 cr10.5%16.0%0.1x
2023-0857.9x₹164 cr10.5%16.0%0.1x
2023-0751.4x₹164 cr10.5%16.0%0.1x
2023-0652.6x₹164 cr10.5%16.0%0.1x
2023-0569.6x₹140 cr7.0%11.0%0.0x
2023-0467.3x₹140 cr7.0%11.0%0.0x
2023-0371.6x₹140 cr7.0%11.0%0.0x
2023-0264.5x₹140 cr7.0%11.0%0.0x
2023-0167.1x₹140 cr7.0%11.0%0.0x
2022-1268.0x₹140 cr7.0%11.0%0.0x
2022-1164.7x₹140 cr7.0%11.0%0.0x
2022-1068.6x₹140 cr7.0%11.0%0.0x
2022-0974.1x₹140 cr7.0%11.0%0.0x
2022-0876.3x₹140 cr7.0%11.0%0.0x
2022-0765.7x₹140 cr7.0%11.0%0.0x
2022-0653.9x₹140 cr7.0%11.0%0.0x
2022-05352.5x₹152 cr0.6%3.0%0.0x
2022-04231.3x₹152 cr0.6%3.0%0.0x
2022-03253.8x₹152 cr0.6%3.0%0.0x
2022-02222.5x₹152 cr0.6%3.0%0.0x
2022-01216.3x₹152 cr0.6%3.0%0.0x
2021-12185.0x₹152 cr0.6%3.0%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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