अApnaFunda

SATHLOKHAR SYNERGY EnC GLO LTD (SSEGL)

Industrial Services

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.73 / 100
Profitability 74Balance 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.76 / 100
Price 86Earnings 53FII/DII 88

Passes these screens: Quality Compounder · Debt-light & profitable

Share Price
₹357.65
P/E
9.7x
ROCE
36.0%
Market Cap
₹928 cr
Revenue (TTM)
₹902 cr
P/S
1.0x
P/B
2.6x
ROE
26.6%
Operating Margin
15.0%
Debt / Equity
0.3x
Promoter Holding
58.3%
12M Momentum
-35.9%
P/E vs its own history4th percentilesince Aug '24
P/E vs Industrial Services0.7xthe sector median

52-week range

₹283.00₹580.00
25% of the way from its 52-week low to its high

Price risk

1Y volatility
45.9%
Beta vs sector
1-year daily
0.90

Balance sheet & cash

Interest cover
operating profit ÷ interest
16.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
-1.74x
low
Share count, 1Y
+8.3%

Was the rally earned?

-36%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 77 points, but investors now pay less per rupee of profit (P/E 39.5x to 9.7x), which took 113 points back.
  • The share count rose 8%.
1 year Net profit growth: +83 pts. Points of the price return explained by net profit growing (or shrinking).+83 ptsP/E change: -113 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-113 ptsShare count change: -6 pts. Points of the price return explained by the share count changing. More shares count against the price. -36% 1 year Net profit growth: +83 pts. Points of the price return explained by net profit growing (or shrinking).+83 ptsP/E change: -113 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-113 ptsShare count change: -6 pts. Points of the price return explained by the share count changing. More shares count against the price. -36%
Net profit growth+83 ptsNet profit rose about 181%, which lifts the price.
P/E change-113 ptsThe P/E fell from 39.5x to 9.7x, which lowers the price.
Share count change-6 ptsShare count rose 8%, 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.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with LARSEN AND TOUBRO

Is it expensive against its own past and its peers?

9.7xP/E todayNear its historic low
Against its own history4th percentileMedian 27.0x; usual range 10.0x to 35.1x since 2024-08.
Against Industrial Services9.7x vs 13.5xBelow the Industrial Services median.
9.7x19.6x29.5x39.5xAug '24Feb '25Aug '25Feb '26Aug '26Oct '269.7x19.6x29.5x39.5xAug '24May '25Feb '26Oct '26
P/E (this company)10th to 90th percentile of its own historyIts medianIndustrial Services median

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

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

Shaded band: 10th to 90th percentile of the company's own P/E history; dashed 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 Industrial Services is valued

What is the price implying?

~20%annual earnings growth implied by the price

At a P/E of 30.9x, the price would imply about 20.4%/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 Industrial Services The market-wide Expectations lists

What changed?

  1. Sep '26P/E fell below the 10th percentile of its own history to date (10.3x).
  2. Sep '26Share count is up 8.3% over 12 months.
  3. Aug '26Volume reached 7.8x its 50-day median on 2026-08-24; price +9.3% that day.
  4. Jun '26Promoter holding fell 4.4 pts to 58.3%.
  5. Mar '26Fell 57% from the Sep 2024 peak to the Mar 2026 low.
  6. Mar '26Moved into the top quartile of Industrial Services on EPS growth (from the 2nd quartile).
  7. Mar '26Volume reached 6.4x its 50-day median on 2026-03-27; price -6.4% that day.
  8. Dec '25Year-on-year EPS growth turned positive.
Show 6 earlier events
  1. Dec '25Moved into the 2nd quartile of Industrial Services on EPS growth (from the 3rd quartile).
  2. Aug '25Share count is up 200.0% over 12 months.
  3. Aug '25Volume reached 13.9x its 50-day median on 2025-08-18; price +10.5% that day.
  4. Jun '25FII + DII holding fell 4.2 pts over 1 quarter to 0.2%.
  5. May '25Volume reached 9.8x its 50-day median on 2025-05-12; price -11.6% that day.
  6. Jan '25Volume reached 5.2x its 50-day median on 2025-01-17; price +5.1% 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

Are profits backed by cash?

4 of 7 checks are within range, 2 near a threshold, 1 beyond a threshold.
Tap a check to see how it is measured.

Other income reliance3%Within range

Other income as a share of pre-tax profit (trailing twelve months): 3.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-1.74xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -1.74x (cash from operations ₹-247 cr, net profit ₹142 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-34 daysWithin range

Debtor days are below the median of the previous three fiscal years by 34 days (34 vs 68). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress10% of fixed assetsWithin range

Capital work-in-progress is 10% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+61 days / 2 yrsNear threshold

Days payable changed by +61 over two years. Bands: rise of up to 30 days; more than 30 days.

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, promoters trimmed 4.4 pts; FIIs trimmed 2.9 pts; DIIs added 0.8 pts.
  • The number of shareholders rose from 2,088 to 5,583 (+167%) between Sep 2024 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '24Jun '26Change
Promoters62.7%58.3%-4.4 pts
FIIs3.2%0.3%-2.9 pts
DIIs1.2%2.0%+0.8 pts
Public and others32.9%39.4%+6.5 pts

Number of shareholders

5,583shareholders+167% since Sep '24
2k3k4k6k Sep '24Mar '25Sep '25Dec '25Mar '26Jun '26
Sep '24: 2,088
Mar '25: 4,644
Sep '25: 5,243
Dec '25: 5,519
Mar '26: 5,655
Jun '26: 5,583
2k3k4k6k Sep '24Sep '25Mar '26Jun '26
Sep '24: 2,088
Mar '25: 4,644
Sep '25: 5,243
Dec '25: 5,519
Mar '26: 5,655
Jun '26: 5,583

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

How rough has the ride been?

Maximum drawdown-56.7%not yet recovered
1-year volatility45.9%annualised
Beta vs sector index1.023-year daily, correlation 0.39
Volume spikes3last 90 sessions, 5x the 50-day median

Monthly share price

₹287₹377₹468₹558 Aug '24Feb '25Aug '25Feb '26Aug '26Oct '26
2024-08: ₹521.40
2024-09: ₹441.00
2024-10: ₹374.65
2024-11: ₹400.80
2024-12: ₹451.65
2025-01: ₹474.40
2025-02: ₹427.80
2025-03: ₹403.00
2025-04: ₹503.05
2025-05: ₹419.30
2025-06: ₹387.70
2025-07: ₹431.95
2025-08: ₹502.15
2025-09: ₹475.80
2025-10: ₹558.35
2025-11: ₹505.05
2025-12: ₹461.45
2026-01: ₹386.70
2026-02: ₹365.70
2026-03: ₹286.95
2026-04: ₹385.70
2026-05: ₹379.85
2026-06: ₹315.30
2026-07: ₹319.10
2026-08: ₹405.80
2026-09: ₹380.05
2026-10: ₹357.65
₹287₹377₹468₹558 Aug '24May '25Feb '26Oct '26
2024-08: ₹521.40
2024-09: ₹441.00
2024-10: ₹374.65
2024-11: ₹400.80
2024-12: ₹451.65
2025-01: ₹474.40
2025-02: ₹427.80
2025-03: ₹403.00
2025-04: ₹503.05
2025-05: ₹419.30
2025-06: ₹387.70
2025-07: ₹431.95
2025-08: ₹502.15
2025-09: ₹475.80
2025-10: ₹558.35
2025-11: ₹505.05
2025-12: ₹461.45
2026-01: ₹386.70
2026-02: ₹365.70
2026-03: ₹286.95
2026-04: ₹385.70
2026-05: ₹379.85
2026-06: ₹315.30
2026-07: ₹319.10
2026-08: ₹405.80
2026-09: ₹380.05
2026-10: ₹357.65

Last 90 trading days

₹304₹348₹393₹438 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹327.70
2026-06-25: ₹322.45
2026-06-30: ₹315.30
2026-07-02: ₹322.15
2026-07-06: ₹309.80
2026-07-08: ₹303.50
2026-07-10: ₹320.15
2026-07-14: ₹324.65
2026-07-16: ₹312.00
2026-07-20: ₹314.55
2026-07-22: ₹317.65
2026-07-24: ₹304.55
2026-07-28: ₹318.65
2026-07-30: ₹316.90
2026-08-03: ₹337.00
2026-08-05: ₹355.60
2026-08-07: ₹328.80
2026-08-11: ₹309.05
2026-08-13: ₹303.65
2026-08-17: ₹353.30
2026-08-19: ₹365.15
2026-08-21: ₹363.00
2026-08-25: ₹420.00
2026-08-27: ₹407.75
2026-08-31: ₹405.80
2026-09-02: ₹406.35
2026-09-04: ₹400.60
2026-09-08: ₹394.30
2026-09-10: ₹437.55
2026-09-15: ₹417.10
2026-09-17: ₹419.00
2026-09-21: ₹398.45
2026-09-23: ₹386.05
2026-09-25: ₹396.30
2026-09-29: ₹374.45
2026-10-01: ₹385.05
2026-10-06: ₹397.00
2026-10-08: ₹374.90
2026-10-12: ₹366.85
2026-10-14: ₹376.80
2026-10-16: ₹380.15
2026-10-21: ₹368.20
2026-10-23: ₹354.60
2026-10-27: ₹355.65
2026-10-29: ₹362.00
2026-10-30: ₹357.65
₹304₹348₹393₹438 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹327.70
2026-06-25: ₹322.45
2026-06-30: ₹315.30
2026-07-02: ₹322.15
2026-07-06: ₹309.80
2026-07-08: ₹303.50
2026-07-10: ₹320.15
2026-07-14: ₹324.65
2026-07-16: ₹312.00
2026-07-20: ₹314.55
2026-07-22: ₹317.65
2026-07-24: ₹304.55
2026-07-28: ₹318.65
2026-07-30: ₹316.90
2026-08-03: ₹337.00
2026-08-05: ₹355.60
2026-08-07: ₹328.80
2026-08-11: ₹309.05
2026-08-13: ₹303.65
2026-08-17: ₹353.30
2026-08-19: ₹365.15
2026-08-21: ₹363.00
2026-08-25: ₹420.00
2026-08-27: ₹407.75
2026-08-31: ₹405.80
2026-09-02: ₹406.35
2026-09-04: ₹400.60
2026-09-08: ₹394.30
2026-09-10: ₹437.55
2026-09-15: ₹417.10
2026-09-17: ₹419.00
2026-09-21: ₹398.45
2026-09-23: ₹386.05
2026-09-25: ₹396.30
2026-09-29: ₹374.45
2026-10-01: ₹385.05
2026-10-06: ₹397.00
2026-10-08: ₹374.90
2026-10-12: ₹366.85
2026-10-14: ₹376.80
2026-10-16: ₹380.15
2026-10-21: ₹368.20
2026-10-23: ₹354.60
2026-10-27: ₹355.65
2026-10-29: ₹362.00
2026-10-30: ₹357.65

Drawdown from peak

0% -27% -54% Aug '24Sep '25Oct '26 0% -27% -54% Aug '24Sep '25Oct '26
Largest drawdowns

-56.7% (2024-09 peak to 2026-03 low, not yet recovered)

Most recent volume spikes

2026-08-26: 5.2x the 50-day median, price +3.2% that day

2026-08-24: 7.8x the 50-day median, price +9.3% that day

2026-08-17: 5.5x the 50-day median, price +16.0% 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).

Where does it rank among Industrial Services peers?

Each cell is the company's percentile rank among its Industrial 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).

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '26
Lower rank Higher rank

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 Industrial Services sector page Watch it move against Industrial Services in the Observatory

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

CompanySectorSimilarityClosest on
PASUPATI ACRYLON (PASUPTAC)Process Industries65%debt/equity, revenue
SAHANA SYSTEM (SAHANA)Technology Services58%ROCE, promoter holding
DYNACONS SYSTEMS & SOLUTIONS (DSSL)Technology Services54%ROCE, promoter holding
GANESH CONSUMER PRODUCTS LIMIT (GANESHCP)Consumer Non-Durables54%revenue, volatility
SOLARWORLD ENERGY SOLUTIONS LT (SOLARWORLD)Utilities54%market cap, P/E
SRM CONTRACTORS (SRM)Industrial Services50%ROCE, market cap
GPT INFRAPROJECTS (GPTINFRA)Industrial Services49%operating margin, revenue
VIKRAN ENGINEERING (VIKRAN)Industrial Services45%debt/equity, promoter holding

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

What happened next to similar setups

−0.6%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 SATHLOKHAR SYNERGY EnC GLO 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 −23% to +45% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (0%, 80% range −11.0% to +17.3%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
BASILIC · Sep 2025: −52.2% vs market
CHETANA · Sep 2025: −41.6% vs market
RUSHIL · Jun 2025: −40.6% vs market
RUPA · Dec 2021: −38.5% vs market
SIYSIL · Apr 2023: −35.4% vs market
MBAPL · Dec 2023: −34.0% vs market
GLOBUSSPR · Jul 2023: −32.2% vs market
AUTOAXLES · Dec 2023: −29.8% vs market
SJLOGISTIC · Jul 2025: −28.8% vs market
IGPL · Dec 2022: −28.3% vs market
ADOR · Aug 2024: −24.8% vs market
MENONBE · Mar 2024: −22.7% vs market
WSTCSTPAPR · Aug 2020: −22.5% vs market
NCLIND · Nov 2021: −22.4% vs market
PSPPROJECT · Nov 2020: −18.0% vs market
SHAKTIPUMP · Apr 2022: −16.6% vs market
JUBLINGREA · Mar 2023: −15.3% vs market
EXPLEOSOL · Dec 2022: −14.8% vs market
LINC · Apr 2025: −11.6% vs market
KOPRAN · Oct 2021: −11.5% vs market
PRATHAM · Sep 2025: −8.4% vs market
TIRUMALCHM · Apr 2023: −6.5% vs market
VISHNUINFR · Oct 2025: −4.3% vs market
GSPL · Dec 2020: −2.0% vs market
ESTER · Dec 2021: −1.6% vs market
POWERMECH · Mar 2020: +0.3% vs market
EXCELINDUS · Mar 2020: +5.0% vs market
VSSL · Nov 2024: +6.1% vs market
SDBL · Nov 2024: +7.9% vs market
APOLSINHOT · Mar 2021: +16.8% vs market
ALLDIGI · Jun 2020: +26.9% vs market
STEELCAS · Feb 2024: +30.4% vs market
CIGNITITEC · Feb 2024: +30.7% vs market
PANAMAPET · Feb 2022: +31.6% vs market
SALZERELEC · Jul 2020: +32.1% vs market
GNA · Mar 2020: +34.2% vs market
SAKSOFT · Feb 2020: +35.8% vs market
GAEL · Oct 2021: +48.3% vs market
DSSL · May 2025: +56.7% vs market
HFCL · Mar 2020: +57.9% vs market
CLSEL · May 2024: +58.8% vs market
THEMISMED · Jul 2022: +63.9% vs market
SRHHYPOLTD · Nov 2021: +64.4% vs market
PCBL · May 2020: +73.3% vs market
JKIL · Jun 2023: +88.6% vs market
SONATSOFTW · Jun 2020: +91.5% vs market
ROSSELLIND · Feb 2022: +103.4% vs market
SEAMECLTD · Apr 2021: +114.4% vs market
THEJO · Jul 2020: +210.4% vs market
REFEX · May 2024: +219.8% vs market
Similar setups −0.6%All companies −0.6%← 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 · 4 beyond the range shown, drawn at the edge

Similar setups' median
−0.6%
All companies' median
−0.6%
Beat the market
50% vs 49%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
LINC
Consumer Non-Durables
Apr 2025 17x— −31%−45% −12%
ADOR
Producer Manufacturing
Aug 2024 21x— +11%−21% −25%
SJLOGISTIC
Transportation
Jul 2025 12x37% −30%−43% −29%
TIRUMALCHM
Process Industries
Apr 2023 7x35% −30%−33% −7%
VSSL
Non-Energy Minerals
Nov 2024 21x— +16%−23% +6%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MENONBE
Producer Manufacturing
Mar 2024 19x— +16%−29% −23%
ESTER
Process Industries
Dec 2021 8x— +9%−19% −2%
PSPPROJECT
Industrial Services
Nov 2020 12x40% −18%−26% −18%
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, drawdown from 12-month high 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 SATHLOKHAR SYNERGY EnC GLO 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 2026-10-30. 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: 97,430 company-months from 2000 companies; financial: 5,632 company-months from 106 companies. 2240 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.
Monthly history (27 months)
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-109.7x₹902 cr26.6%36.0%0.3x
2026-0910.3x₹902 cr26.2%36.0%0.3x
2026-0812.5x₹820 cr22.8%36.0%0.3x
2026-079.9x₹820 cr22.8%36.0%0.3x
2026-069.7x₹820 cr22.8%36.0%0.3x
2026-0513.4x₹729 cr37.6%43.0%0.1x
2026-0413.6x₹729 cr37.6%43.0%0.1x
2026-0310.1x₹729 cr37.6%43.0%0.1x
2026-0219.2x₹495 cr24.2%43.0%0.1x
2026-0120.3x₹495 cr24.2%43.0%0.1x
2025-1224.2x₹495 cr24.2%43.0%0.1x
2025-1135.7x₹370 cr18.3%43.0%0.1x
2025-1039.5x₹370 cr18.3%43.0%0.1x
2025-0933.6x₹370 cr18.3%43.0%0.1x
2025-0835.5x₹370 cr18.3%43.0%0.1x
2025-0730.5x₹370 cr18.3%43.0%0.1x
2025-0627.4x₹370 cr18.3%43.0%0.1x
2025-0528.1x₹247 cr63.4%117.0%0.0x
2025-0433.7x₹247 cr63.4%117.0%0.0x
2025-0327.0x₹247 cr63.4%117.0%0.0x
2025-0228.7x₹247 cr63.4%117.0%0.0x
2025-0131.8x₹247 cr63.4%117.0%0.0x
2024-1230.3x₹247 cr63.4%117.0%0.0x
2024-1126.8x₹247 cr63.4%117.0%0.0x
2024-1025.1x₹247 cr63.4%117.0%0.0x
2024-0929.5x₹247 cr63.4%117.0%0.0x
2024-0834.9x₹247 cr63.4%117.0%0.0x

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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