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SUMMIT SECURITIES LIMITED (SUMMITSEC)

Finance · Financial Conglomerates · 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.83 / 100
Profitability 61Growth 89Balance sheet 100
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.57 / 100
Price 48Earnings 63FII/DII 60
Compare withJIO FINANCIAL SERVICESBAJAJ HOLDINGS & INVESTMENT LIMAHARASHTRA SCOOTERS

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,366.1 latest close · −11.7% over the last 90 sessions

₹1,300₹1,400₹1,500₹1,600Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,300₹1,400₹1,500₹1,600Jul 3Sep 4Nov 9

₹1,366.1 month-end · −36.2% over 12 months

₹1,250₹1,500₹1,750₹2,000Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,250₹1,500₹1,750₹2,000Nov '25May '26Nov '26

₹1,366.1 month-end · 0.0% over 3 years

₹2,000₹3,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹2,000₹3,000Nov '23May '25Nov '26

₹1,366.1 month-end · +151.5% since Jan '19

₹0₹1,000₹2,000₹3,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹1,000₹2,000₹3,000Jan '19Dec '22Nov '26

52-week range ₹1242.00 to ₹2277.50 · 1-year volatility 31.7%

Was the rally earned?

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

Earnings helped, the multiple did not.

  • Per-share earnings added 27 points, but investors now pay less per rupee of profit (P/E 27.2x to 12.4x), which took 63 points back.
  • The share count barely moved.
Net profit growth: +28 pts. Points of the price return explained by net profit growing (or shrinking).+28 ptsNet profit growthP/E change: −63 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−63 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: −36%−36%Share priceNet profit growth: +28 pts. Points of the price return explained by net profit growing (or shrinking).+28ProfitP/E change: −63 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−63P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: −36%−36%Share price
Net profit growth+28 ptsNet profit rose about 41%, which lifts the price.
P/E change-63 ptsThe P/E fell from 27.2x to 12.4x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
0%share price, 3 yearsRoughly flat
  • The share price was roughly flat over 3 years (0%).
  • The share count barely moved.
Net profit growth: +117 pts. Points of the price return explained by net profit growing (or shrinking).+117 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: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: 0%0%Share priceNet profit growth: +117 pts. Points of the price return explained by net profit growing (or shrinking).+117ProfitP/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: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: 0%0%Share price
Net profit growth+117 ptsNet profit growth over the period.
P/E change-117 ptsThe P/E fell from 40.2x to 12.4x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+115%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 282 points, but investors now pay less per rupee of profit (P/E 37.9x to 12.4x), which took 167 points back.
  • The share count barely moved.
Net profit growth: +285 pts. Points of the price return explained by net profit growing (or shrinking).+285 ptsNet profit growthP/E change: −167 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−167 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: +115%+115%Share priceNet profit growth: +285 pts. Points of the price return explained by net profit growing (or shrinking).+285ProfitP/E change: −167 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−167P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +115%+115%Share price
Net profit growth+285 ptsNet profit rose about 565%, which lifts the price.
P/E change-167 ptsThe P/E fell from 37.9x to 12.4x, which lowers the price.
Share count change-2 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 JIO FINANCIAL SERVICES

How rough has the ride been?

Maximum drawdown-68.1%recovered 2021-06
1-year volatility31.7%annualised
Beta vs sector index1.273-year daily, correlation 0.51
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−64.3% 0%−20%−40%−60%2020202220242026−64.3%
Largest drawdowns

-68.1% (2019-04 peak to 2020-03 low, recovered 2021-06)

-64.3% (2024-12 peak to 2026-10 low, not yet recovered)

-36.1% (2021-09 peak to 2022-06 low, recovered 2023-07)

Most recent volume spikes

2026-08-04: 15.6x the 50-day median, price +1.2% 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?

12.4xP/E todayWithin its usual range
Against its own history28th percentile
CheapestMedian 14.9xDearest

Usual range 6.6x to 40.4x since 2019-01.

Against Finance12.4x vs 18.1x
This company
12.4x
Sector median
18.1x

31% below the Finance median.

4.5x19.1x33.7x48.4xJan '19Aug '20Mar '22Oct '23May '25Nov '264.5x19.1x33.7x48.4xJan '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

  • ROCE23rd▲ 9 pts vs a year ago
  • Op. margin98thflat vs a year ago
  • Revenue growth73rd▼ 6 pts vs a year ago
  • EPS growth78th▲ 7 pts vs a year ago
  • Debt/equity ↓90thflat vs a year ago
  • Cash cycle ↓89thflat vs a year ago
  • P/E ↓73rd▲ 25 pts vs a year ago
  • 12M momentum16th▼ 9 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?

~16%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 22.1x, a holder earning 12%/yr needs earnings to grow about 16.4%/yr for 10 years, then trade at 15x.

Delivered6.4%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+10.0 ptsimplied minus delivered
Rank324thmost demanding of 856

Over time

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

0%20%40% Jan 2019Nov 2026 0%20%40% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x18.0%19.0%20.1%
15x15.4%16.4%17.5%
20x12.1%13.1%14.1%

Drag a slider to test other assumptions

Implied: 16.4%/yr

Looking back

  • Jan 2020Price implied 7%/yr; EPS has since grown 18%/yr (7.0 yrs)
  • Jan 2021Price implied 8%/yr; EPS has since grown 7%/yr (6.0 yrs)
  • Jan 2022Price implied 13%/yr; EPS has since grown 42%/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
₹1366.10
P/E
12.4x
ROCE
2.0%
Market Cap
₹1488 cr
Revenue (TTM)
₹194 cr
P/S
7.7x
P/B
0.2x
ROE
1.4%
Operating Margin
97.0%
Debt / Equity
0.0x
Promoter Holding
74.6%
12M Momentum
-36.2%

52-week range

₹1242.00₹2277.50
12% of the way from its 52-week low to its high

Price risk

1Y volatility
31.7%
Beta vs sector
1-year daily
1.10

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
0.83x
Share count, 1Y
unchanged

Are profits backed by cash?

5 of 5checks within rangeAll clear
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 rate19%Within range

Median quarterly effective tax rate over about 2.5 years: 19.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.83xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.83x (cash from operations ₹208 cr, net profit ₹250 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 (0 vs 0). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress—Not enough data

Not enough reported data to compute this.

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, FIIs trimmed 0.5 pts.
  • The number of shareholders rose from 47,858 to 53,698 (+12%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters74.6%74.6%0.0 pts
FIIs0.6%0.1%-0.5 pts
DIIs0.2%0.5%+0.3 pts
Public and others24.6%24.9%+0.3 pts

Number of shareholders

53,698shareholders+12% since Dec '23
47k50k52k55k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 47,858
Mar '24: 47,118
Jun '24: 47,424
Sep '24: 47,621
Dec '24: 53,795
Mar '25: 54,685
Jun '25: 53,986
Sep '25: 53,335
Dec '25: 54,637
Mar '26: 54,046
Jun '26: 53,698
 47k50k52k55k Dec '23Dec '24Dec '25Jun '26
Dec '23: 47,858
Mar '24: 47,118
Jun '24: 47,424
Sep '24: 47,621
Dec '24: 53,795
Mar '25: 54,685
Jun '25: 53,986
Sep '25: 53,335
Dec '25: 54,637
Mar '26: 54,046
Jun '26: 53,698

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

−1.0%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 SUMMIT SECURITIES 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 −13% to +35% vs the market, against −1% for all non-financial companies in the same months.
  • The gap against the base rate (+0.1%, 80% range −6.5% to +4.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−50%0%+50%+100%
TRACXN · Mar 2024: −41.1% vs market
ENIL · Feb 2020: −40.2% vs market
RAMCOIND · Oct 2021: −37.1% vs market
ALEMBICLTD · Aug 2021: −34.4% vs market
HATHWAY · May 2022: −30.7% vs market
XCHANGING · Nov 2021: −30.0% vs market
EIMCOELECO · Jul 2021: −27.3% vs market
SUNTECK · Jul 2025: −27.0% vs market
WONDERLA · Dec 2020: −25.6% vs market
MAHSCOOTER · Jan 2021: −25.4% vs market
DEN · Apr 2022: −24.1% vs market
SANOFI · Aug 2024: −18.1% vs market
TREL · Oct 2025: −12.8% vs market
BFINVEST · Oct 2025: −12.6% vs market
JUSTDIAL · May 2024: −9.3% vs market
SREEL · Dec 2020: −8.8% vs market
DOLPHIN · May 2025: −8.7% vs market
IMAGICAA · Aug 2025: −7.9% vs market
INDBANK · May 2025: −7.6% vs market
AHLEAST · Oct 2023: −7.4% vs market
NOCIL · Apr 2022: −4.9% vs market
ANTELOPUS · Jun 2020: −4.8% vs market
MOIL · Oct 2021: −4.8% vs market
MODIRUBBER · Jun 2022: −4.0% vs market
HINDCOMPOS · Mar 2022: −1.2% vs market
KICL · Nov 2020: −0.8% vs market
PILANIINVS · Mar 2022: +0.6% vs market
IVC · Sep 2023: +1.4% vs market
IMPAL · Jun 2021: +2.4% vs market
TECHNOE · Oct 2021: +4.6% vs market
GANGESSECU · Jun 2023: +4.9% vs market
SILINV · May 2023: +7.9% vs market
ZYDUSWELL · Jul 2023: +10.7% vs market
DELTACORP · May 2020: +14.7% vs market
AIRAN · May 2023: +16.3% vs market
OSWALGREEN · Jul 2023: +17.3% vs market
JSWHL · Jun 2022: +22.6% vs market
GUJAPOLLO · Mar 2024: +38.7% vs market
TATAINVEST · Dec 2021: +49.6% vs market
GEECEE · Apr 2023: +52.1% vs market
NSIL · Aug 2022: +55.5% vs market
GREAVESCOT · May 2024: +55.8% vs market
MAHLIFE · May 2020: +67.6% vs market
VESUVIUS · Apr 2022: +68.8% vs market
TAINWALCHM · Mar 2024: +69.3% vs market
STEL · Oct 2022: +71.1% vs market
OSWALAGRO · Dec 2023: +74.2% vs market
PRAJIND · Mar 2020: +96.9% vs market
RIIL · Apr 2021: +143.1% vs market
BSE · May 2023: +236.3% vs market
Similar setups −1.0%All companies −1.1%← 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median
−1.0%
All companies' median
−1.1%
Beat the market
48% vs 49%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
NSIL
Finance		 Aug 2022 12x1% −13%−35% +56%
BFINVEST
Finance		 Oct 2025 22x5% −27%−38% −13%
KICL
Finance		 Nov 2020 12x2% −25%−28% −1%
STEL
Finance		 Oct 2022 16x3% −21%−29% +71%
ALEMBICLTD
Health Technology		 Aug 2021 8x1% +23%−23% −34%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
JSWHL
Finance		 Jun 2022 23x1% −35%−40% +23%
IVC
Finance		 Sep 2023 18x9% −10%−15% +1%
SILINV
Finance		 May 2023 10x2% +1%−22% +8%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and debt/equity. Not used (unavailable for this company): interest cover. 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 SUMMIT SECURITIES 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.

ALEMBICALEMBICLTD
Health Technology
69%similar
revenuevolatility
HEXA TRADEXHEXATRADEX
Distribution Services
69%similar
revenue growthROCE
TAJ GVK HOTELS And RESORTSTAJGVK
Consumer Services
47%similar
volatilityEPS growth
JINDAL DRILLING & INDUSTRIES LJINDRILL
Industrial Services
31%similar
market capoperating margin
SREELEATHERSSREEL
Consumer Non-Durables
29%similar
revenuedebt/equity
BF INVESTMENTBFINVEST
Finance
70%similar
debt/equityoperating margin
GEECEE VENTURESGEECEE
Finance
69%similar
debt/equityrevenue
VARDHMAN HOLDINGSVHL
Finance
56%similar
debt/equityoperating margin

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. OctPriceFell 64% from the Dec 2024 peak to the Oct 2026 low.
  2. SepPeer rankMoved into the top quartile of Finance on operating margin (from the bottom quartile).
  3. AugPriceVolume reached 15.6x its 50-day median on 2026-08-04; price +1.2% that day.
  4. JunPeer rankSlipped to the bottom quartile of Finance on operating margin (from the top quartile).
  5. MarResultsYear-on-year EPS growth turned positive.
  6. MarPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
  7. JanPriceVolume reached 5.8x its 50-day median on 2026-01-29; price +2.9% that day.
  8. DecResultsYear-on-year EPS growth turned negative.
Show 22 earlier events
  1. OctPriceVolume reached 50.3x its 50-day median on 2025-10-16; price +5.5% that day.
  2. SepResultsYear-on-year EPS growth turned positive.
  3. SepPeer rankMoved into the top quartile of Finance on operating margin (from the bottom quartile).
  4. AugPriceVolume reached 69.6x its 50-day median on 2025-08-26; price +7.9% that day.
  5. JunResultsYear-on-year EPS growth turned negative.
  6. JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the top quartile).
  7. MarPeer rankSlipped to the bottom quartile of Finance on operating margin (from the top quartile).
  8. MarPriceVolume reached 5.9x its 50-day median on 2025-03-20; price +7.1% that day.
  9. DecResultsRevenue (TTM) reached a new high of ₹166 cr.
  10. OctPriceVolume reached 15.8x its 50-day median on 2024-10-21; price +8.2% that day.
  11. SepValuationP/E crossed above the 90th percentile of its own history to date (42.6x).
  12. SepPriceVolume reached 26.0x its 50-day median on 2024-09-10; price +12.5% that day.
  13. JunResultsYear-on-year EPS growth turned positive.
  14. JunPeer rankMoved into the top quartile of Finance on EPS growth (from the 3rd quartile).
  15. JunPriceVolume reached 27.1x its 50-day median on 2024-06-24; price +19.1% that day.
  16. AprValuationP/E crossed above the 90th percentile of its own history to date (42.5x).
  17. NovValuationP/E crossed above the 90th percentile of its own history to date (40.2x).
  18. OctPriceVolume reached 29.8x its 50-day median on 2023-10-20; price +12.8% that day.
  19. JulPriceRegained the 2021-09 peak, 13 months after the low.
  20. JulPriceVolume reached 33.3x its 50-day median on 2023-07-06; price +16.5% that day.
  21. JunResultsYear-on-year EPS growth turned negative.
  22. JunPeer rankSlipped to the bottom quartile of Finance on ROCE (from the 3rd 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
2026-1112.4x₹194 cr1.4%2.0%0.0x
2026-1012.2x₹194 cr1.4%2.0%0.0x
2026-0912.0x₹194 cr1.4%2.0%0.0x
2026-0814.9x₹181 cr1.2%2.0%0.0x
2026-0715.7x₹181 cr1.2%2.0%0.0x
2026-0615.7x₹181 cr1.2%2.0%0.0x
2026-0513.7x₹180 cr1.2%1.0%0.0x
2026-0413.8x₹180 cr1.2%1.0%0.0x
2026-0311.7x₹180 cr1.2%1.0%0.0x
2026-0217.9x₹159 cr1.0%1.0%0.0x
2026-0119.0x₹159 cr1.0%1.0%0.0x
2025-1220.8x₹159 cr1.0%1.0%0.0x
2025-1127.2x₹146 cr0.9%1.0%0.0x
2025-1028.7x₹146 cr0.9%1.0%0.0x
2025-0927.8x₹146 cr0.9%1.0%0.0x
2025-0834.6x₹139 cr0.7%1.0%0.0x
2025-0732.5x₹139 cr0.7%1.0%0.0x
2025-0633.1x₹139 cr0.7%1.0%0.0x
2025-0525.5x₹149 cr1.0%1.0%0.0x
2025-0424.2x₹149 cr1.0%1.0%0.0x
2025-0324.3x₹149 cr1.0%1.0%0.0x
2025-0214.9x₹166 cr1.2%1.0%0.0x
2025-0121.4x₹166 cr1.2%1.0%0.0x
2024-1230.5x₹166 cr1.2%1.0%0.0x
2024-1148.4x₹112 cr0.8%1.0%0.0x
2024-1041.6x₹112 cr0.8%1.0%0.0x
2024-0942.6x₹112 cr0.8%1.0%0.0x
2024-0834.6x₹102 cr0.8%1.0%0.0x
2024-0729.5x₹102 cr0.8%1.0%0.0x
2024-0626.3x₹102 cr0.8%1.0%0.0x
2024-0540.5x₹51 cr0.7%1.0%0.0x
2024-0442.5x₹51 cr0.7%1.0%0.0x
2024-0336.0x₹51 cr0.7%1.0%0.0x
2024-0239.0x₹51 cr0.7%1.0%0.0x
2024-0140.8x₹51 cr0.7%1.0%0.0x
2023-1237.5x₹51 cr0.7%1.0%0.0x
2023-1140.2x₹51 cr0.7%1.0%0.0x
2023-1029.5x₹51 cr0.7%1.0%0.0x
2023-0929.1x₹51 cr0.7%1.0%0.0x
2023-0826.7x₹51 cr0.7%1.0%0.0x
2023-0727.6x₹51 cr0.7%1.0%0.0x
2023-0621.0x₹51 cr0.7%1.0%0.0x
2023-0514.9x₹74 cr1.1%2.0%0.0x
2023-0413.1x₹74 cr1.1%2.0%0.0x
2023-0311.6x₹74 cr1.1%2.0%0.0x
2023-0212.6x₹74 cr1.1%2.0%0.0x
2023-0113.2x₹74 cr1.1%2.0%0.0x
2022-1213.4x₹74 cr1.1%2.0%0.0x
2022-1113.6x₹74 cr1.1%2.0%0.0x
2022-1013.3x₹74 cr1.1%2.0%0.0x
2022-0912.9x₹74 cr1.1%2.0%0.0x
2022-0812.6x₹74 cr1.1%2.0%0.0x
2022-0712.3x₹74 cr1.1%2.0%0.0x
2022-0611.6x₹74 cr1.1%2.0%0.0x
2022-0535.3x₹29 cr0.4%1.0%0.0x
2022-0438.6x₹29 cr0.4%1.0%0.0x
2022-0335.5x₹29 cr0.4%1.0%0.0x
2022-0237.7x₹29 cr0.4%1.0%0.0x
2022-0147.4x₹29 cr0.4%1.0%0.0x
2021-1238.9x₹29 cr0.4%1.0%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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