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SIS LIMITED (SIS)

Commercial Services · Miscellaneous Commercial 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.30 / 100
Profitability 35Growth 31Balance sheet 23
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.69 / 100
Price 43Earnings 82FII/DII 82

Passes these screensCash RichHigh Momentum

Compare withNBCC (INDIA)FIRSTSOURCE SOLUTIONSINTL GEMOLOGICAL INSTITUTE

Share price

Closing priceAdjusted for splits and bonus issues.

₹390.85 latest close · −8.2% over the last 90 sessions

₹375₹400₹425Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹375₹400₹425Jul 3Sep 4Nov 9

₹390.85 month-end · +21.1% over 12 months

₹300₹350₹400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹300₹350₹400Nov '25May '26Nov '26

₹390.85 month-end · −18.0% over 3 years

₹300₹400Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹300₹400Nov '23May '25Nov '26

₹390.85 month-end · +3.3% since Jan '19

₹300₹400₹500Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹300₹400₹500Jan '19Dec '22Nov '26

52-week range ₹257.05 to ₹480.95 · 1-year volatility 31.5%

Was the rally earned?

+21%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 137 points, but investors now pay less per rupee of profit (P/E 108.3x to 37.7x), which took 116 points back.
  • The share count barely moved.
Net profit growth: +139 pts. Points of the price return explained by net profit growing (or shrinking).+139 ptsNet profit growthP/E change: −116 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−116 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: +21%+21%Share priceNet profit growth: +139 pts. Points of the price return explained by net profit growing (or shrinking).+139ProfitP/E change: −116 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−116P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +21%+21%Share price
Net profit growth+139 ptsNet profit rose about 251%, which lifts the price.
P/E change-116 ptsThe P/E fell from 108.3x to 37.7x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
-18%share price, 3 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 75 points, while the multiple moved less (P/E 20.1x to 37.7x).
  • The share count fell 5%.
Net profit growth: −79 pts. Points of the price return explained by net profit growing (or shrinking).−79 ptsNet profit growthP/E change: +57 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+57 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: −18%−18%Share priceNet profit growth: −79 pts. Points of the price return explained by net profit growing (or shrinking).−79ProfitP/E change: +57 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+57P/EShare count change: +4 pts. Points of the price return explained by the share count changing. More shares count against the price.+4SharesShare price: −18%−18%Share price
Net profit growth-79 ptsNet profit fell about 58%, which lowers the price.
P/E change+57 ptsThe P/E rose from 20.1x to 37.7x, which lifts the price.
Share count change+4 ptsShare count fell 5%, which lifts the price.
-17%share price, 5 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 79 points, while the multiple moved less (P/E 19.1x to 37.7x).
  • The share count fell 7%.
Net profit growth: −85 pts. Points of the price return explained by net profit growing (or shrinking).−85 ptsNet profit growthP/E change: +62 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+62 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: −17%−17%Share priceNet profit growth: −85 pts. Points of the price return explained by net profit growing (or shrinking).−85ProfitP/E change: +62 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+62P/EShare count change: +6 pts. Points of the price return explained by the share count changing. More shares count against the price.+6SharesShare price: −17%−17%Share price
Net profit growth-85 ptsNet profit fell about 61%, which lowers the price.
P/E change+62 ptsThe P/E rose from 19.1x to 37.7x, which lifts the price.
Share count change+6 ptsShare count fell 7%, which lifts 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 NBCC (INDIA)

How rough has the ride been?

Maximum drawdown-55.7%not yet recovered
1-year volatility31.5%annualised
Beta vs sector index0.463-year daily, correlation 0.32
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−54.0% 0%−20%−40%2020202220242026−54.0%
Largest drawdowns

-55.7% (2020-02 peak to 2026-03 low, not yet recovered)

-20.8% (2019-06 peak to 2019-08 low, recovered 2019-12)

Most recent volume spikes

2026-09-28: 9.7x the 50-day median, price -5.8% 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?

37.7xP/E todayNear its historic high
Against its own history85th percentile
CheapestMedian 25.0xDearest

Usual range 17.4x to 43.8x since 2019-01.

Against Commercial Services37.7x vs 21.1x
This company
37.7x
Sector median
21.1x

79% above the Commercial Services median.

10.3x157.2x304.0x450.8xJan '19Aug '20Mar '22Oct '23May '25Nov '2610.3x157.2x304.0x450.8xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianCommercial Services median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianCommercial 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 Commercial Services is valued

Where does it rank among Commercial Services peers?

Each cell is the company's percentile rank among its Commercial 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

  • ROCE42nd▲ 25 pts vs a year ago
  • Op. margin29th▲ 4 pts vs a year ago
  • Revenue growth75th▲ 35 pts vs a year ago
  • EPS growth98th▲ 87 pts vs a year ago
  • Debt/equity ↓17th▼ 4 pts vs a year ago
  • Cash cycle ↓72ndflat vs a year ago
  • P/E ↓14th▲ 9 pts vs a year ago
  • 12M momentum87th▲ 17 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 Commercial Services sector page Watch it move against Commercial Services in the Observatory

What is the price implying?

~19%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 27.4x, a holder earning 12%/yr needs earnings to grow about 18.9%/yr for 10 years, then trade at 15x.

Delivered−4.9%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+23.9 ptsimplied minus delivered
Rank95thmost demanding of 856

Over time

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

-5%13%32% Jan 2019Nov 2026 -5%13%32% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x20.5%21.6%22.7%
15x17.9%18.9%20.0%
20x14.5%15.6%16.6%

Drag a slider to test other assumptions

Implied: 18.9%/yr

Looking back

  • Jan 2020Price implied 20%/yr; EPS has since grown −6%/yr (7.0 yrs)
  • Jan 2021Price implied 17%/yr; EPS has since grown −7%/yr (6.0 yrs)
  • Jan 2022Price implied 15%/yr; EPS has since grown −17%/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 Commercial Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹390.85
P/E
37.7x
ROCE
14.0%
Market Cap
₹5430 cr
Revenue (TTM)
₹17037 cr
P/S
0.3x
P/B
2.1x
ROE
5.7%
Operating Margin
4.5%
Debt / Equity
0.7x
Promoter Holding
71.9%
12M Momentum
21.1%

52-week range

₹257.05₹480.95
60% of the way from its 52-week low to its high

Price risk

1Y volatility
31.5%
Beta vs sector
1-year daily
0.56

Balance sheet & cash

Interest cover
operating profit ÷ interest
1.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
5.00x
Share count, 1Y
-1.4%

Are profits backed by cash?

5 of 6checks within range1 near a threshold
Other income reliance-100%Within range

Other income as a share of pre-tax profit (trailing twelve months): -100.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate10%Near threshold

Median quarterly effective tax rate over about 2.5 years: 9.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion5.61xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 5.61x (cash from operations ₹1,906 cr, net profit ₹340 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 history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (54 vs 54). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress3% of fixed assetsWithin range

Capital work-in-progress is 3% 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 3.1 pts; FIIs trimmed 3.0 pts.
  • The number of shareholders rose from 34,732 to 64,694 (+86%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters71.6%71.9%+0.3 pts
FIIs16.3%13.3%-3.0 pts
DIIs3.1%6.3%+3.1 pts
Public and others9.0%8.6%-0.4 pts

Number of shareholders

64,694shareholders+86% since Sep '23
34k46k58k69k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 34,732
Dec '23: 39,195
Mar '24: 34,419
Jun '24: 33,880
Sep '24: 37,365
Dec '24: 38,143
Mar '25: 41,052
Jun '25: 38,350
Sep '25: 40,435
Dec '25: 53,064
Mar '26: 69,358
Jun '26: 64,694
 34k46k58k69k Sep '23Sep '24Sep '25Jun '26
Sep '23: 34,732
Dec '23: 39,195
Mar '24: 34,419
Jun '24: 33,880
Sep '24: 37,365
Dec '24: 38,143
Mar '25: 41,052
Jun '25: 38,350
Sep '25: 40,435
Dec '25: 53,064
Mar '26: 69,358
Jun '26: 64,694

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

+14.9%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like SIS 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 −8% to +50% vs the market, against −5% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +19.4%, 80% range +10.7% to +25.3%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SENCO · Oct 2024: −48.2% vs market
TNPL · Feb 2020: −41.1% vs market
SKIPPER · Jun 2021: −39.5% vs market
HITECH · Oct 2024: −38.5% vs market
QUESS · Aug 2021: −37.0% vs market
LANDMARK · Dec 2023: −35.4% vs market
WHEELS · Jun 2023: −33.5% vs market
NACLIND · Nov 2022: −32.7% vs market
PARAGMILK · Jul 2023: −23.4% vs market
KEC · Oct 2024: −19.1% vs market
BODALCHEM · Jun 2025: −18.8% vs market
MEDPLUS · Sep 2025: −14.0% vs market
ENTERO · Jul 2025: −8.2% vs market
MANAKCOAT · May 2025: −7.5% vs market
KPIL · Oct 2024: −3.9% vs market
GREENPLY · Jun 2024: −3.4% vs market
BPCL · May 2024: −0.4% vs market
CEATLTD · Mar 2024: +3.6% vs market
ISGEC · Jan 2024: +3.8% vs market
SANDHAR · Aug 2023: +6.2% vs market
TVSSRICHAK · Sep 2022: +9.5% vs market
BIL · Jun 2025: +10.0% vs market
GOODLUCK · Sep 2022: +11.1% vs market
PGIL · Oct 2020: +13.9% vs market
MSPL · Jul 2024: +14.7% vs market
PASHUPATI · Aug 2025: +15.1% vs market
RANEHOLDIN · Sep 2023: +15.2% vs market
PSPPROJECT · Apr 2025: +15.8% vs market
HNDFDS · Aug 2025: +16.5% vs market
JAYBARMARU · Oct 2022: +23.3% vs market
EIDPARRY · Jan 2020: +24.3% vs market
LUMAXIND · Jul 2025: +28.6% vs market
JSL · Feb 2020: +34.1% vs market
RICOAUTO · Oct 2022: +35.6% vs market
VARROC · Sep 2025: +45.3% vs market
WELCORP · Aug 2023: +46.9% vs market
AMBER · Oct 2023: +47.8% vs market
CEMPRO · Oct 2022: +50.4% vs market
RML · Oct 2025: +53.8% vs market
THANGAMAYL · Jun 2023: +54.6% vs market
ALLCARGO · Oct 2021: +54.9% vs market
TBZ · Sep 2023: +67.0% vs market
JKTYRE · Dec 2022: +70.3% vs market
MWL · Oct 2025: +72.9% vs market
JBMA · Sep 2021: +82.7% vs market
RAMRAT · Sep 2025: +84.4% vs market
PDSL · Apr 2021: +105.6% vs market
GRPLTD · Jun 2022: +134.2% vs market
KALYANKJIL · Oct 2022: +156.5% vs market
POWERMECH · Aug 2022: +173.9% vs market
Similar setups +14.9%All companies −4.5%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
+14.9%
All companies' median
−4.5%
Beat the market
66% vs 45%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PDSL
Consumer Non-Durables		 Apr 2021 39x14% +164%−4% +106%
CEMPRO
Industrial Services		 Oct 2022 30x14% +49%−3% +50%
KPIL
Industrial Services		 Oct 2024 43x16% +92%−10% −4%
KEC
Industrial Services		 Oct 2024 65x16% +57%−6% −19%
RAMRAT
Producer Manufacturing		 Sep 2025 42x20% −4%−19% +84%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ALLCARGO
Transportation		 Oct 2021 34x9% +128%−10% +55%
WHEELS
Producer Manufacturing		 Jun 2023 35x11% +28%−1% −34%
JSL
Non-Energy Minerals		 Feb 2020 13x12% +11%−14% +34%
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: debt/equity, drawdown from 12-month high and 12-month momentum. 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 SIS 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.

CENTURY PLYBOARDS (INDIA)CENTURYPLY
Producer Manufacturing
64%similar
promoter holdingdebt/equity
VARROC ENGINEERINGVARROC
Producer Manufacturing
62%similar
revenuedebt/equity
PDSPDSL
Consumer Non-Durables
61%similar
debt/equityEPS growth
BANSAL WIRE INDUSTRIESBANSALWIRE
Producer Manufacturing
60%similar
ROCEoperating margin
RAIL VIKAS NIGAMRVNL
Industrial Services
56%similar
operating marginrevenue
RATTANINDIA ENTERPRISESRTNINDIA
Commercial Services
30%similar
operating marginrevenue
SYNGENE INTERNATIONALSYNGENE
Commercial Services
29%similar
EPS growthvolatility
QUESS CORPQUESS
Commercial Services
26%similar
revenuemarket cap

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

What changed?

30 events since Jun '23

  1. SepPriceVolume reached 9.7x its 50-day median on 2026-09-28; price -5.8% that day.
  2. JulResultsYear-on-year EPS growth turned positive.
  3. JunResultsEPS (TTM) turned positive.
  4. JunPeer rankMoved into the 3rd quartile of Commercial Services on ROCE (from the bottom quartile).
  5. JunDividendStarted paying a dividend (payout 72% of profit).
  6. JunPriceVolume reached 127.8x its 50-day median on 2026-06-24; price +2.9% that day.
  7. MarResultsEPS (TTM) turned negative.
  8. MarPriceFell 56% from the Feb 2020 peak to the Mar 2026 low.
Show 22 earlier events
  1. JanPriceVolume reached 21.2x its 50-day median on 2026-01-07; price -1.0% that day.
  2. NovPriceVolume reached 14.9x its 50-day median on 2025-11-07; price -2.0% that day.
  3. SepPriceVolume reached 6.8x its 50-day median on 2025-09-08; price +0.5% that day.
  4. JunValuationP/E crossed above the 90th percentile of its own history to date (432.0x).
  5. JunPeer rankSlipped to the bottom quartile of Commercial Services on ROCE (from the 3rd quartile).
  6. MayPriceVolume reached 11.0x its 50-day median on 2025-05-22; price +3.0% that day.
  7. MarPriceVolume reached 15.2x its 50-day median on 2025-03-21; price +6.7% that day.
  8. DecPriceVolume reached 9.9x its 50-day median on 2024-12-20; price -0.7% that day.
  9. SepValuationP/E crossed above the 90th percentile of its own history to date (36.1x).
  10. SepPeer rankMoved into the 3rd quartile of Commercial Services on operating margin (from the bottom quartile).
  11. JulPriceVolume reached 6.4x its 50-day median on 2024-07-31; price -0.5% that day.
  12. JunResultsYear-on-year EPS growth turned negative.
  13. JunPeer rankSlipped to the bottom quartile of Commercial Services on EPS growth (from the 3rd quartile).
  14. AprPriceVolume reached 5.3x its 50-day median on 2024-04-12; price +0.1% that day.
  15. MarValuationP/E fell below the 10th percentile of its own history to date (16.9x).
  16. JanPriceVolume reached 26.8x its 50-day median on 2024-01-20; price +8.4% that day.
  17. OctValuationP/E fell below the 10th percentile of its own history to date (17.0x).
  18. OctPriceVolume reached 33.1x its 50-day median on 2023-10-05; price +9.6% that day.
  19. AugPriceVolume reached 13.7x its 50-day median on 2023-08-29; price -0.5% that day.
  20. JunResultsYear-on-year EPS growth turned positive.
  21. JunValuationP/E fell below the 10th percentile of its own history to date (17.4x).
  22. JunPeer rankMoved into the 3rd quartile of Commercial Services on EPS growth (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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1137.7x₹17037 cr5.7%14.0%0.7x
2026-1035.6x₹17037 cr5.8%14.0%0.7x
2026-0940.4x₹17037 cr5.8%14.0%0.7x
2026-0843.8x₹15981 cr5.4%14.0%0.7x
2026-0743.2x₹15981 cr5.4%14.0%0.7x
2026-0642.4x₹15981 cr5.4%14.0%0.7x
2026-05—₹14920 cr-7.8%5.0%0.7x
2026-04—₹14920 cr-7.8%5.0%0.7x
2026-03—₹14920 cr-7.8%5.0%0.7x
2026-0277.5x₹14097 cr2.2%5.0%0.7x
2026-0183.7x₹14097 cr2.2%5.0%0.7x
2025-1282.9x₹14097 cr2.2%5.0%0.7x
2025-11108.3x₹13607 cr1.7%5.0%0.7x
2025-10109.6x₹13607 cr1.7%5.0%0.7x
2025-09114.9x₹13607 cr1.7%5.0%0.7x
2025-08420.0x₹13189 cr0.5%5.0%0.7x
2025-07450.8x₹13189 cr0.5%5.0%0.7x
2025-06432.0x₹13189 cr0.5%5.0%0.7x
2025-0522.5x₹12899 cr9.2%10.0%0.7x
2025-0421.3x₹12899 cr9.2%10.0%0.7x
2025-0320.5x₹12899 cr9.2%10.0%0.7x
2025-0227.3x₹12610 cr6.5%10.0%0.7x
2025-0130.0x₹12610 cr6.5%10.0%0.7x
2024-1232.3x₹12610 cr6.5%10.0%0.7x
2024-1132.8x₹12415 cr6.8%10.0%0.7x
2024-1034.7x₹12415 cr6.8%10.0%0.7x
2024-0936.1x₹12415 cr6.8%10.0%0.7x
2024-0830.5x₹12262 cr7.9%10.0%0.7x
2024-0732.1x₹12262 cr7.9%10.0%0.7x
2024-0633.9x₹12262 cr7.9%10.0%0.7x
2024-0516.7x₹11346 cr14.8%11.0%0.7x
2024-0419.3x₹11346 cr14.8%11.0%0.7x
2024-0316.9x₹11346 cr14.8%11.0%0.7x
2024-0218.1x₹11346 cr14.8%11.0%0.7x
2024-0120.1x₹11346 cr14.8%11.0%0.7x
2023-1218.7x₹11346 cr14.8%11.0%0.7x
2023-1120.1x₹11346 cr14.8%11.0%0.7x
2023-1017.0x₹11346 cr14.8%11.0%0.7x
2023-0917.7x₹11346 cr14.8%11.0%0.7x
2023-0819.5x₹11346 cr14.8%11.0%0.7x
2023-0718.0x₹11346 cr14.8%11.0%0.7x
2023-0617.4x₹11346 cr14.8%11.0%0.7x
2023-0517.6x₹10059 cr15.7%13.0%0.7x
2023-0417.0x₹10059 cr15.7%13.0%0.7x
2023-0314.2x₹10059 cr15.7%13.0%0.7x
2023-0215.9x₹10059 cr15.7%13.0%0.7x
2023-0116.6x₹10059 cr15.7%13.0%0.7x
2022-1217.4x₹10059 cr15.7%13.0%0.7x
2022-1117.6x₹10059 cr15.7%13.0%0.7x
2022-1018.6x₹10059 cr15.7%13.0%0.7x
2022-0918.5x₹10059 cr15.7%13.0%0.7x
2022-0820.0x₹10059 cr15.7%13.0%0.7x
2022-0719.8x₹10059 cr15.7%13.0%0.7x
2022-0620.1x₹10059 cr15.7%13.0%0.7x
2022-0518.7x₹9127 cr20.0%30.0%0.7x
2022-0420.2x₹9127 cr20.0%30.0%0.7x
2022-0319.3x₹9127 cr20.0%30.0%0.7x
2022-0218.1x₹9127 cr20.0%30.0%0.7x
2022-0120.0x₹9127 cr20.0%30.0%0.7x
2021-1218.3x₹9127 cr20.0%30.0%0.7x

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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