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SOBHA LIMITED (SOBHA)

Finance · Real Estate Development · figures to Nov '26

Divergence: business ahead of price (3 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.56 / 100
Profitability 32Growth 66Balance sheet 71
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 47Earnings 79FII/DII 32

Passes these screensBusiness ahead of price

Compare withDLFLODHA DEVELOPERSPHOENIX MILLS

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,257.8 latest close · −12.8% over the last 90 sessions

₹1,200₹1,400Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,200₹1,400Jul 3Sep 4Nov 9

₹1,257.8 month-end · −18.2% over 12 months

₹1,200₹1,400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,200₹1,400Nov '25May '26Nov '26

₹1,257.8 month-end · +42.4% over 3 years

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

₹1,257.8 month-end · +173.8% since Jan '19

₹0₹1,000₹2,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹1,000₹2,000Jan '19Dec '22Nov '26

52-week range ₹1112.10 to ₹1732.00 · 1-year volatility 32.2%

Was the rally earned?

-18%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 74 points, but investors now pay less per rupee of profit (P/E 160.8x to 58.3x), which took 92 points back.
  • The share count barely moved.
Net profit growth: +73 pts. Points of the price return explained by net profit growing (or shrinking).+73 ptsNet profit growthP/E change: −92 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−92 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: −18%−18%Share priceNet profit growth: +73 pts. Points of the price return explained by net profit growing (or shrinking).+73ProfitP/E change: −92 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−92P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: −18%−18%Share price
Net profit growth+73 ptsNet profit rose about 124%, which lifts the price.
P/E change-92 ptsThe P/E fell from 160.8x to 58.3x, which lowers the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+42%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 95 points, but investors now pay less per rupee of profit (P/E 90.7x to 58.3x), which took 53 points back.
  • The share count barely moved.
Net profit growth: +96 pts. Points of the price return explained by net profit growing (or shrinking).+96 ptsNet profit growthP/E change: −53 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−53 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +42%+42%Share priceNet profit growth: +96 pts. Points of the price return explained by net profit growing (or shrinking).+96ProfitP/E change: −53 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−53P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +42%+42%Share price
Net profit growth+96 ptsNet profit rose about 122%, which lifts the price.
P/E change-53 ptsThe P/E fell from 90.7x to 58.3x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+51%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 162 points, but investors now pay less per rupee of profit (P/E 143.2x to 58.3x), which took 111 points back.
  • The share count barely moved.
Net profit growth: +163 pts. Points of the price return explained by net profit growing (or shrinking).+163 ptsNet profit growthP/E change: −111 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−111 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +51%+51%Share priceNet profit growth: +163 pts. Points of the price return explained by net profit growing (or shrinking).+163ProfitP/E change: −111 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−111P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +51%+51%Share price
Net profit growth+163 ptsNet profit rose about 272%, which lifts the price.
P/E change-111 ptsThe P/E fell from 143.2x to 58.3x, which lowers the price.
Share count change0 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 DLF

How rough has the ride been?

Maximum drawdown-77.5%recovered 2021-07
1-year volatility32.2%annualised
Beta vs sector index1.093-year daily, correlation 0.48
Volume spikes7last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−77.5% 0%−25%−50%−75%2020202220242026−77.5%
Largest drawdowns

-77.5% (2019-06 peak to 2020-03 low, recovered 2021-07)

-58.9% (2022-01 peak to 2023-03 low, recovered 2023-12)

-48.4% (2024-06 peak to 2025-04 low, not yet recovered)

Most recent volume spikes

2026-11-05: 10.8x the 50-day median, price +8.7% that day

2026-10-22: 5.5x the 50-day median, price -1.3% that day

2026-10-21: 10.7x the 50-day median, price +3.1% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

58.3xP/E todayWithin its usual range
Against its own history47th percentile
CheapestMedian 69.5xDearest

Usual range 12.5x to 234.6x since 2019-01.

Against Finance58.3x vs 18.1x
This company
58.3x
Sector median
18.1x

222% above the Finance median.

4.7x163.2x321.8x480.3xJan '19Aug '20Mar '22Oct '23May '25Nov '264.7x163.2x321.8x480.3xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

P/B (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/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 Finance is valued

Where does it rank among Finance peers?

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

  • ROCE43rd▲ 9 pts vs a year ago
  • Op. margin21stflat vs a year ago
  • Revenue growth72nd▼ 16 pts vs a year ago
  • EPS growth89th▼ 3 pts vs a year ago
  • Debt/equity ↓43rdflat vs a year ago
  • Cash cycle ↓3rdflat vs a year ago
  • P/E ↓15th▲ 13 pts vs a year ago
  • 12M momentum48th▼ 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 Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~35%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 109.7x, a holder earning 12%/yr needs earnings to grow about 35.3%/yr for 10 years, then trade at 15x.

Delivered−10.7%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+46.0 ptsimplied minus delivered
Rank15thmost demanding of 856

Over time

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

-11%16%42% Jan 2019Nov 2026 -11%16%42% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x36.8%38.1%39.3%
15x34.0%35.3%36.5%
20x30.5%31.7%32.8%

Drag a slider to test other assumptions

Implied: 35.3%/yr

Looking back

  • Jan 2020Price implied 15%/yr; EPS has since grown −8%/yr (7.0 yrs)
  • Jan 2021Price implied 15%/yr; EPS has since grown −8%/yr (6.0 yrs)
  • Jan 2022Price implied 23%/yr; EPS has since grown 23%/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 Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹1257.80
P/E
58.3x
ROCE
7.0%
Market Cap
₹13451 cr
Revenue (TTM)
₹5617 cr
P/S
2.4x
P/B
2.8x
ROE
4.9%
Operating Margin
6.0%
Debt / Equity
0.2x
Promoter Holding
52.9%
12M Momentum
-18.2%

52-week range

₹1112.10₹1732.00
24% of the way from its 52-week low to its high

Price risk

1Y volatility
32.2%
Beta vs sector
1-year daily
0.90

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.3x
Cash from profit, 3Y
operating cash flow ÷ net profit
3.79x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 6checks within range1 beyond a threshold
Other income reliance63%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 63.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 27.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion3.79xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 3.79x (cash from operations ₹1,277 cr, net profit ₹337 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+2 daysWithin range

Debtor days are above the median of the previous three fiscal years by 2 days (19 vs 17). 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 2 years, DIIs added 8.8 pts; FIIs trimmed 5.0 pts; promoters added 0.6 pts.
  • The number of shareholders rose from 87,981 to 1.2 lakh (+39%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters52.3%52.9%+0.6 pts
FIIs11.1%6.1%-5.0 pts
DIIs17.2%26.0%+8.8 pts
Public and others19.4%15.0%-4.4 pts

Number of shareholders

1.2 lakhshareholders+39% since Dec '23
88k1.0L1.1L1.3L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 87,981
Mar '24: 1.0 lakh
Jun '24: 1.0 lakh
Sep '24: 1.1 lakh
Dec '24: 1.2 lakh
Mar '25: 1.3 lakh
Jun '25: 1.3 lakh
Sep '25: 1.3 lakh
Dec '25: 1.3 lakh
Mar '26: 1.2 lakh
Jun '26: 1.2 lakh
 88k1.0L1.1L1.3L Dec '23Dec '24Dec '25Jun '26
Dec '23: 87,981
Mar '24: 1.0 lakh
Jun '24: 1.0 lakh
Sep '24: 1.1 lakh
Dec '24: 1.2 lakh
Mar '25: 1.3 lakh
Jun '25: 1.3 lakh
Sep '25: 1.3 lakh
Dec '25: 1.3 lakh
Mar '26: 1.2 lakh
Jun '26: 1.2 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

−7.0%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 SOBHA 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 −28% to +18% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−1.9%, 80% range −11.2% to +3.7%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
RAMASTEEL · Oct 2025: −61.3% vs market
GOKEX · Jan 2025: −45.2% vs market
WHIRLPOOL · Nov 2024: −44.2% vs market
REPRO · Apr 2020: −44.0% vs market
CYIENTDLM · Dec 2024: −41.2% vs market
BANARISUG · May 2023: −40.3% vs market
SHILPAMED · Jun 2022: −39.2% vs market
MEDPLUS · Apr 2023: −36.2% vs market
RAMCOCEM · Aug 2023: −35.0% vs market
SHALBY · Mar 2025: −33.9% vs market
DIAMONDYD · Jun 2020: −32.2% vs market
KANSAINER · Mar 2023: −31.6% vs market
ORIENTELEC · Dec 2024: −28.4% vs market
SHREECEM · Aug 2023: −27.3% vs market
BEML · Apr 2022: −25.7% vs market
IFBIND · Nov 2021: −25.3% vs market
UNICHEMLAB · Jun 2021: −24.3% vs market
ZYDUSWELL · Jun 2021: −22.1% vs market
SAPPHIRE · Jul 2023: −18.4% vs market
LXCHEM · Sep 2025: −14.6% vs market
SFL · Aug 2025: −13.9% vs market
SEAMECLTD · May 2024: −13.0% vs market
INDHOTEL · Apr 2020: −12.7% vs market
GESHIP · Aug 2020: −11.2% vs market
BHARATFORG · Feb 2024: −7.9% vs market
ATULAUTO · Sep 2025: −6.1% vs market
SUPRAJIT · Jun 2025: −4.6% vs market
YATRA · May 2025: −1.8% vs market
CENTURYPLY · Jun 2025: −1.6% vs market
MRF · Apr 2024: −0.5% vs market
NILKAMAL · Jun 2022: +5.8% vs market
INDOCO · Mar 2021: +6.1% vs market
VOLTAS · Apr 2025: +8.5% vs market
FORTIS · Sep 2022: +10.9% vs market
TASTYBITE · Oct 2025: +14.7% vs market
TATACHEM · Feb 2022: +17.0% vs market
ANURAS · Aug 2022: +18.2% vs market
AMBER · May 2023: +18.4% vs market
GREENLAM · Feb 2023: +18.7% vs market
SUNTECK · Aug 2021: +21.9% vs market
BIOCON · Jan 2024: +24.9% vs market
SAGCEM · Mar 2020: +30.6% vs market
NH · Feb 2021: +32.4% vs market
SYRMA · Nov 2024: +39.5% vs market
UNOMINDA · Oct 2020: +53.1% vs market
THERMAX · Jun 2023: +60.1% vs market
RADICO · Jul 2024: +68.5% vs market
ABREL · May 2023: +76.1% vs market
DALBHARAT · Aug 2020: +84.3% vs market
BHEL · Aug 2025: +97.6% vs market
Similar setups −7.0%All companies −5.1%← 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
−7.0%
All companies' median
−5.1%
Beat the market
40% vs 44%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ABREL
Finance		 May 2023 54x5% 0%−15% +76%
BEML
Producer Manufacturing		 Apr 2022 100x5% +42%−19% −26%
RAMCOCEM
Non-Energy Minerals		 Aug 2023 65x6% +15%−9% −35%
DALBHARAT
Non-Energy Minerals		 Aug 2020 65x4% −17%−20% +84%
SFL
Process Industries		 Aug 2025 79x4% −25%−33% −14%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
CYIENTDLM
Electronic Technology		 Dec 2024 79x14% −1%−23% −41%
VOLTAS
Producer Manufacturing		 Apr 2025 57x9% −16%−36% +9%
RADICO
Consumer Non-Durables		 Jul 2024 88x13% +19%−6% +69%
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: drawdown from 12-month high, 12-month momentum and P/E. 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 SOBHA 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.

VOLTASVOLTAS
Producer Manufacturing
69%similar
volatilityoperating margin
BHARAT HEAVY ELECTRICALSBHEL
Producer Manufacturing
67%similar
P/Eoperating margin
DELHIVERYDELHIVERY
Transportation
67%similar
volatilityoperating margin
SG MARTSGMART
Utilities
64%similar
revenuemarket cap
SWAN CORPSWANCORP
Utilities
64%similar
promoter holdingdebt/equity
GODREJ PROPERTIESGODREJPROP
Finance
59%similar
revenuepromoter holding
MAHINDRA LIFESPACE DEVELOPERSMAHLIFE
Finance
52%similar
promoter holdingvolatility
ASHIANA HOUSINGASHIANA
Finance
43%similar
operating marginvolatility

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

What changed?

30 events since Sep '23

  1. NovPriceVolume reached 10.8x its 50-day median on 2026-11-05; price +8.7% that day.
  2. SepPeer rankSlipped to the bottom quartile of Finance on operating margin (from the 3rd quartile).
  3. JulPriceVolume reached 27.2x its 50-day median on 2026-07-21; price +0.0% that day.
  4. JunResultsRevenue (TTM) reached a new high of ₹5,191 cr.
  5. JunPeer rankMoved into the 3rd quartile of Finance on operating margin (from the bottom quartile).
  6. MayPriceVolume reached 19.5x its 50-day median on 2026-05-05; price +0.4% that day.
  7. JanDebtDebt / equity halved over 12 months to 0.26x.
  8. JanPriceVolume reached 14.0x its 50-day median on 2026-01-05; price +5.8% that day.
Show 22 earlier events
  1. OctPriceVolume reached 10.8x its 50-day median on 2025-10-15; price +4.7% that day.
  2. SepPeer rankSlipped to the bottom quartile of Finance on operating margin (from the 3rd quartile).
  3. JulPriceVolume reached 9.0x its 50-day median on 2025-07-15; price +6.6% that day.
  4. JunResultsYear-on-year EPS growth turned positive.
  5. JunPeer rankMoved into the 3rd quartile of Finance on operating margin (from the bottom quartile).
  6. JunDebtDebt / equity halved over 12 months to 0.26x.
  7. JunSharesShare count is up 12.6% over 12 months.
  8. JunPriceVolume reached 10.0x its 50-day median on 2025-06-06; price +4.8% that day.
  9. MayValuationP/E crossed above the 90th percentile of its own history to date (251.4x).
  10. AprPriceFell 48% from the Jun 2024 peak to the Apr 2025 low.
  11. JanPriceVolume reached 28.5x its 50-day median on 2025-01-27; price +5.1% that day.
  12. DecInstitutionsFII + DII holding rose 5.0 pts over 2 quarters to 34.4%.
  13. DecPriceVolume reached 5.7x its 50-day median on 2024-12-17; price +1.9% that day.
  14. JulPriceVolume reached 7.5x its 50-day median on 2024-07-26; price -3.4% that day.
  15. JunPeer rankSlipped to the 3rd quartile of Finance on ROCE (from the 2nd quartile).
  16. MarPeer rankSlipped to the bottom quartile of Finance on EPS growth (from the 3rd quartile).
  17. JanValuationP/E crossed above the 90th percentile of its own history to date (144.7x).
  18. JanPriceVolume reached 27.6x its 50-day median on 2024-01-04; price +15.7% that day.
  19. DecPriceRegained the 2022-01 peak, 9 months after the low.
  20. NovPeer rankMoved into the 3rd quartile of Finance on EPS growth (from the bottom quartile).
  21. OctPriceVolume reached 9.5x its 50-day median on 2023-10-10; price +6.9% that day.
  22. SepPriceVolume reached 17.9x its 50-day median on 2023-09-08; price +10.9% 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
2026-1158.3x₹5617 cr4.9%7.0%0.2x
2026-1052.2x₹5617 cr4.9%7.0%0.2x
2026-0956.6x₹5617 cr4.9%7.0%0.2x
2026-0869.5x₹5191 cr4.1%7.0%0.2x
2026-0775.9x₹5191 cr4.1%7.0%0.2x
2026-0676.2x₹5191 cr4.1%7.0%0.2x
2026-05106.5x₹4444 cr3.1%6.0%0.3x
2026-04107.7x₹4444 cr3.1%6.0%0.3x
2026-0389.2x₹4444 cr3.1%6.0%0.3x
2026-02100.4x₹4725 cr3.3%6.0%0.3x
2026-01104.3x₹4725 cr3.3%6.0%0.3x
2025-12105.0x₹4725 cr3.3%6.0%0.3x
2025-11160.8x₹4251 cr2.3%6.0%0.3x
2025-10169.3x₹4251 cr2.3%6.0%0.3x
2025-09161.2x₹4251 cr2.3%6.0%0.3x
2025-08161.4x₹4039 cr2.1%6.0%0.3x
2025-07180.6x₹4039 cr2.1%6.0%0.3x
2025-06165.4x₹4039 cr2.1%6.0%0.3x
2025-05251.4x₹3561 cr2.4%7.0%0.8x
2025-04231.9x₹3561 cr2.4%7.0%0.8x
2025-03214.9x₹3561 cr2.4%7.0%0.8x
2025-02236.3x₹3022 cr2.1%7.0%0.8x
2025-01261.0x₹3022 cr2.1%7.0%0.8x
2024-12310.4x₹3022 cr2.1%7.0%0.8x
2024-11413.1x₹2829 cr1.7%7.0%0.8x
2024-10393.2x₹2829 cr1.7%7.0%0.8x
2024-09480.3x₹2829 cr1.7%7.0%0.8x
2024-08368.1x₹3097 cr1.9%7.0%0.8x
2024-07392.2x₹3097 cr1.9%7.0%0.8x
2024-06426.3x₹3097 cr1.9%7.0%0.8x
2024-05189.9x₹3310 cr4.2%8.0%0.8x
2024-04177.6x₹3310 cr4.2%8.0%0.8x
2024-03144.8x₹3310 cr4.2%8.0%0.8x
2024-02156.4x₹3310 cr4.2%8.0%0.8x
2024-01144.7x₹3310 cr4.2%8.0%0.8x
2023-1298.5x₹3310 cr4.2%8.0%0.8x
2023-1190.7x₹3310 cr4.2%8.0%0.8x
2023-1071.2x₹3310 cr4.2%8.0%0.8x
2023-0970.5x₹3310 cr4.2%8.0%0.8x
2023-0861.0x₹3310 cr4.2%8.0%0.8x
2023-0761.9x₹3310 cr4.2%8.0%0.8x
2023-0653.7x₹3310 cr4.2%8.0%0.8x
2023-0531.3x₹2561 cr7.1%10.0%1.0x
2023-0427.6x₹2561 cr7.1%10.0%1.0x
2023-0325.9x₹2561 cr7.1%10.0%1.0x
2023-0234.6x₹2561 cr7.1%10.0%1.0x
2023-0136.0x₹2561 cr7.1%10.0%1.0x
2022-1234.6x₹2561 cr7.1%10.0%1.0x
2022-1137.6x₹2561 cr7.1%10.0%1.0x
2022-1037.7x₹2561 cr7.1%10.0%1.0x
2022-0938.8x₹2561 cr7.1%10.0%1.0x
2022-0842.0x₹2561 cr7.1%10.0%1.0x
2022-0742.1x₹2561 cr7.1%10.0%1.0x
2022-0634.7x₹2561 cr7.1%10.0%1.0x
2022-0591.9x₹2110 cr2.6%12.0%1.3x
2022-04108.5x₹2110 cr2.6%12.0%1.3x
2022-03118.4x₹2110 cr2.6%12.0%1.3x
2022-02129.3x₹2110 cr2.6%12.0%1.3x
2022-01142.3x₹2110 cr2.6%12.0%1.3x
2021-12149.8x₹2110 cr2.6%12.0%1.3x

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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