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TATA INVESTMENT CORPORATION LT (TATAINVEST)

Finance · Investment Banks/Brokers · 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.70 / 100
Profitability 59Growth 50Balance 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.48 / 100
Price 22Earnings 61FII/DII 60
Compare withBSEBILLIONBRAINS GARAGE VENTURESMULTI COMMODITY EXCHANGE

Share price

Closing priceAdjusted for splits and bonus issues.

₹577.25 latest close · −13.5% over the last 90 sessions

₹600₹700Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹600₹700Jul 3Sep 4Nov 9

₹577.25 month-end · −22.6% over 12 months

₹600₹700Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹600₹700Nov '25May '26Nov '26

₹577.25 month-end · +36.1% over 3 years

₹400₹600₹800₹1,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹400₹600₹800₹1,000Nov '23May '25Nov '26

₹577.25 month-end · +579.1% since Jan '19

₹0₹500₹1,000Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹500₹1,000Jan '19Dec '22Nov '26

52-week range ₹538.85 to ₹804.75 · 1-year volatility 32.9%

Was the rally earned?

-23%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 24 points, but investors now pay less per rupee of profit (P/E 115.3x to 67.8x), which took 47 points back.
  • The share count barely moved.
Net profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24 ptsNet profit growthP/E change: −47 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−47 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: −23%−23%Share priceNet profit growth: +24 pts. Points of the price return explained by net profit growing (or shrinking).+24ProfitP/E change: −47 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−47P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: −23%−23%Share price
Net profit growth+24 ptsNet profit rose about 31%, which lifts the price.
P/E change-47 ptsThe P/E fell from 115.3x to 67.8x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+36%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 63 points, but investors now pay less per rupee of profit (P/E 85.1x to 67.8x), which took 27 points back.
  • The share count barely moved.
Net profit growth: +63 pts. Points of the price return explained by net profit growing (or shrinking).+63 ptsNet profit growthP/E change: −27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−27 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: +36%+36%Share priceNet profit growth: +63 pts. Points of the price return explained by net profit growing (or shrinking).+63ProfitP/E change: −27 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−27P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +36%+36%Share price
Net profit growth+63 ptsNet profit rose about 71%, which lifts the price.
P/E change-27 ptsThe P/E fell from 85.1x to 67.8x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+312%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 227 points to the rise, while the multiple moved less (P/E 46.1x to 67.8x).
  • The share count barely moved.
Net profit growth: +225 pts. Points of the price return explained by net profit growing (or shrinking).+225 ptsNet profit growthP/E change: +85 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+85 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: +312%+312%Share priceNet profit growth: +225 pts. Points of the price return explained by net profit growing (or shrinking).+225ProfitP/E change: +85 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+85P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: +312%+312%Share price
Net profit growth+225 ptsNet profit rose about 178%, which lifts the price.
P/E change+85 ptsThe P/E rose from 46.1x to 67.8x, which lifts 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 BSE

How rough has the ride been?

Maximum drawdown-48.9%not yet recovered
1-year volatility32.9%annualised
Beta vs sector index0.773-year daily, correlation 0.31
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−48.2% 0%−20%−40%2020202220242026−48.2%
Largest drawdowns

-48.9% (2025-10 peak to 2026-03 low, not yet recovered)

-46.5% (2024-03 peak to 2025-02 low, recovered 2025-09)

-40.0% (2020-02 peak to 2020-03 low, recovered 2020-12)

Most recent volume spikes

2026-09-18: 13.3x the 50-day median, price -2.4% that day

2026-09-17: 21x the 50-day median, price +5.5% that day

2026-09-16: 27.3x the 50-day median, price -5.1% 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?

67.8xP/E todayWithin its usual range
Against its own history64th percentile
CheapestMedian 54.4xDearest

Usual range 32.6x to 110.4x since 2019-01.

Against Finance67.8x vs 18.1x
This company
67.8x
Sector median
18.1x

274% above the Finance median.

9.5x59.6x109.6x159.7xJan '19Aug '20Mar '22Oct '23May '25Nov '269.5x59.6x109.6x159.7xJan '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. margin95thflat vs a year ago
  • Revenue growth71st▲ 52 pts vs a year ago
  • EPS growth74th▲ 38 pts vs a year ago
  • Debt/equity ↓79th▼ 11 pts vs a year ago
  • Cash cycle ↓82nd▼ 8 pts vs a year ago
  • P/E ↓10thflat vs a year ago
  • 12M momentum36th▼ 49 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?

~32%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 91.4x, a holder earning 12%/yr needs earnings to grow about 32.3%/yr for 10 years, then trade at 15x.

Delivered14.4%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+17.9 ptsimplied minus delivered
Rank180thmost demanding of 856

Over time

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

-14%15%44% Jan 2019Nov 2026 -14%15%44% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x33.7%34.9%36.1%
15x31.1%32.3%33.4%
20x27.7%28.8%30.0%

Drag a slider to test other assumptions

Implied: 32.3%/yr

Looking back

  • Jan 2020Price implied 16%/yr; EPS has since grown 18%/yr (7.0 yrs)
  • Jan 2021Price implied 18%/yr; EPS has since grown 30%/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
₹577.25
P/E
67.8x
ROCE
2.0%
Market Cap
₹29196 cr
Revenue (TTM)
₹404 cr
P/S
72.3x
P/B
1.0x
ROE
1.5%
Operating Margin
92.0%
Debt / Equity
0.0x
Promoter Holding
73.4%
12M Momentum
-22.6%

52-week range

₹538.85₹804.75
14% of the way from its 52-week low to its high

Price risk

1Y volatility
32.9%
Beta vs sector
1-year daily
0.83

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
0.64x
Share count, 1Y
unchanged

Are profits backed by cash?

3 of 6checks within range3 near a threshold
Other income reliance27%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 26.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate13%Near threshold

Median quarterly effective tax rate over about 2.5 years: 12.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.64xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.64x (cash from operations ₹720 cr, net profit ₹1,131 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-4 daysWithin range

Debtor days are below the median of the previous three fiscal years by 4 days (1 vs 5). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—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, FIIs added 1.5 pts.
  • The number of shareholders rose from 95,562 to 2.4 lakh (+153%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters73.4%73.4%0.0 pts
FIIs1.1%2.7%+1.5 pts
DIIs0.4%0.6%+0.1 pts
Public and others24.6%23.0%-1.6 pts

Number of shareholders

2.4 lakhshareholders+153% since Sep '23
96k1.5L2.0L2.5L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 95,562
Dec '23: 1.1 lakh
Mar '24: 1.5 lakh
Jun '24: 1.6 lakh
Sep '24: 1.6 lakh
Dec '24: 1.6 lakh
Mar '25: 1.6 lakh
Jun '25: 1.6 lakh
Sep '25: 1.6 lakh
Dec '25: 2.4 lakh
Mar '26: 2.5 lakh
Jun '26: 2.4 lakh
 96k1.5L2.0L2.5L Sep '23Sep '24Sep '25Jun '26
Sep '23: 95,562
Dec '23: 1.1 lakh
Mar '24: 1.5 lakh
Jun '24: 1.6 lakh
Sep '24: 1.6 lakh
Dec '24: 1.6 lakh
Mar '25: 1.6 lakh
Jun '25: 1.6 lakh
Sep '25: 1.6 lakh
Dec '25: 2.4 lakh
Mar '26: 2.5 lakh
Jun '26: 2.4 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

−11.6%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like TATA INVESTMENT CORPORATION LT 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 −26% to +5% vs the market, against −3% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −8.3%, 80% range −13.4% to −4.9%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
MANYAVAR · Feb 2025: −60.8% vs market
DELTACORP · Apr 2023: −59.6% vs market
EIHOTEL · Feb 2020: −46.1% vs market
RATEGAIN · May 2024: −39.6% vs market
NATCOPHARM · Aug 2021: −39.2% vs market
SUMMITSEC · Oct 2025: −37.3% vs market
INDIAMART · Oct 2023: −32.3% vs market
IMAGICAA · Jun 2025: −29.6% vs market
GKWLIMITED · Jun 2020: −27.6% vs market
SUNTECK · Aug 2024: −27.6% vs market
NSIL · Oct 2025: −27.4% vs market
JIOFIN · Sep 2025: −26.4% vs market
HEXATRADEX · May 2022: −25.9% vs market
RIIL · May 2024: −24.4% vs market
GREAVESCOT · Aug 2023: −24.2% vs market
NAZARA · May 2023: −23.7% vs market
LAOPALA · Dec 2022: −23.4% vs market
ZYDUSWELL · Jun 2021: −22.1% vs market
LATENTVIEW · Jun 2024: −19.6% vs market
PILANIINVS · Aug 2025: −16.9% vs market
UBL · Aug 2022: −15.6% vs market
CONCOR · Jun 2021: −14.9% vs market
MTARTECH · Jan 2023: −13.1% vs market
BFINVEST · Oct 2025: −12.6% vs market
MAHLIFE · Jun 2023: −12.5% vs market
TEXINFRA · Jun 2021: −10.7% vs market
UNIENTER · Jul 2021: −8.5% vs market
KIOCL · Jan 2020: −8.4% vs market
NAUKRI · Sep 2025: −7.4% vs market
ITDC · Sep 2022: −7.4% vs market
PARAS · Dec 2022: −5.9% vs market
DOLPHIN · Apr 2025: −3.9% vs market
BAJAJHLDNG · Jul 2020: −3.3% vs market
TATACONSUM · Sep 2021: −1.7% vs market
DLF · Jun 2024: −0.5% vs market
MAHSCOOTER · Apr 2020: +0.2% vs market
KICL · Jun 2025: +2.4% vs market
MAPMYINDIA · Feb 2023: +5.4% vs market
LMW · Mar 2022: +9.3% vs market
ABB · Mar 2025: +10.1% vs market
GODREJPROP · Aug 2023: +20.0% vs market
CARTRADE · Sep 2023: +20.7% vs market
STEL · Sep 2025: +37.3% vs market
MAXHEALTH · Aug 2022: +38.7% vs market
JSWHL · Apr 2020: +48.9% vs market
BSE · Jul 2021: +51.1% vs market
LINDEINDIA · Nov 2022: +64.6% vs market
AETHER · Jun 2025: +78.1% vs market
MCX · Jun 2023: +78.6% vs market
ZENTEC · Nov 2022: +249.2% vs market
Similar setups −11.6%All companies −3.3%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
−11.6%
All companies' median
−3.3%
Beat the market
30% vs 46%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MAHSCOOTER
Finance		 Apr 2020 35x1% −39%−54% 0%
JSWHL
Finance		 Apr 2020 19x1% −43%−44% +49%
JIOFIN
Finance		 Sep 2025 115x1% −16%−18% −26%
NAUKRI
Technology Services		 Sep 2025 83x3% −19%−28% −7%
ABB
Producer Manufacturing		 Mar 2025 63x— −13%−39% +10%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MAHLIFE
Finance		 Jun 2023 90x2% +14%−14% −13%
MCX
Finance		 Jun 2023 51x13% +15%−10% +79%
STEL
Finance		 Sep 2025 47x1% −28%−30% +37%
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: drawdown from 12-month high, 12-month momentum and P/E. 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 TATA INVESTMENT CORPORATION LT. 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.

AETHER INDUSTRIESAETHER
Process Industries
45%similar
EPS growthmarket cap
PTC INDUSTRIESPTCIL
Producer Manufacturing
40%similar
market caprevenue
POLY MEDICUREPOLYMED
Health Technology
39%similar
EPS growthP/E
SANOFI CONSUMER HEALTHCARE INDSANOFICONR
Consumer Non-Durables
39%similar
promoter holdingvolatility
WONDERLA HOLIDAYSWONDERLA
Consumer Services
37%similar
debt/equityoperating margin
MAHARASHTRA SCOOTERSMAHSCOOTER
Finance
55%similar
operating marginROCE
JSW HOLDINGSJSWHL
Finance
34%similar
operating marginROCE
KALYANI INVESTMENT COMPANY LIMKICL
Finance
33%similar
debt/equityROCE

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. SepPriceVolume reached 140.9x its 50-day median on 2026-09-15; price +10.4% that day.
  2. JunResultsRevenue (TTM) reached a new high of ₹397 cr.
  3. JunPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
  4. AprPriceVolume reached 27.7x its 50-day median on 2026-04-13; price +7.1% that day.
  5. MarResultsYear-on-year EPS growth turned positive.
  6. MarPriceFell 49% from the Oct 2025 peak to the Mar 2026 low.
  7. FebPriceVolume reached 76.9x its 50-day median on 2026-02-19; price +7.5% that day.
  8. DecPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
Show 22 earlier events
  1. OctPriceVolume reached 145.4x its 50-day median on 2025-10-03; price -5.5% that day.
  2. SepPriceRegained the 2024-03 peak, 7 months after the low.
  3. SepPeer rankMoved into the top quartile of Finance on operating margin (from the 2nd quartile).
  4. SepPriceVolume reached 164.1x its 50-day median on 2025-09-30; price +16.9% that day.
  5. JunResultsYear-on-year EPS growth turned negative.
  6. JunPeer rankMoved into the 2nd quartile of Finance on operating margin (from the bottom quartile).
  7. JunPriceVolume reached 18.1x its 50-day median on 2025-06-10; price +6.2% that day.
  8. MayValuationP/E crossed above the 90th percentile of its own history to date (101.7x).
  9. MarPeer rankSlipped to the bottom quartile of Finance on operating margin (from the top quartile).
  10. FebPriceFell 46% from the Mar 2024 peak to the Feb 2025 low.
  11. FebPriceVolume reached 48.8x its 50-day median on 2025-02-25; price +7.1% that day.
  12. DecResultsRevenue (TTM) reached a new high of ₹392 cr.
  13. DecValuationP/E crossed above the 90th percentile of its own history to date (94.1x).
  14. DecPriceVolume reached 56.7x its 50-day median on 2024-12-24; price +4.1% that day.
  15. AugValuationP/E crossed above the 90th percentile of its own history to date (95.7x).
  16. AugPriceVolume reached 63.3x its 50-day median on 2024-08-28; price -2.7% that day.
  17. JunResultsRevenue (TTM) reached a new high of ₹384 cr.
  18. JunDividendDividend payout cut from 96% to 37% of profit.
  19. JunPriceVolume reached 8.1x its 50-day median on 2024-06-18; price +2.4% that day.
  20. JanPriceVolume reached 13.5x its 50-day median on 2024-01-30; price +19.9% that day.
  21. NovPriceVolume reached 49.5x its 50-day median on 2023-11-20; price +15.1% that day.
  22. SepPriceRegained the 2022-09 peak, 6 months after the low.

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 history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1167.8x₹404 cr1.5%2.0%0.0x
2026-1066.1x₹404 cr1.5%2.0%0.0x
2026-0972.8x₹404 cr1.5%2.0%0.0x
2026-0874.9x₹397 cr1.5%2.0%0.0x
2026-0779.3x₹397 cr1.5%2.0%0.0x
2026-0677.8x₹397 cr1.5%2.0%0.0x
2026-0585.6x₹373 cr1.3%1.0%0.0x
2026-0489.3x₹373 cr1.3%1.0%0.0x
2026-0367.1x₹373 cr1.3%1.0%0.0x
2026-0294.6x₹319 cr1.1%1.0%0.0x
2026-0189.5x₹319 cr1.1%1.0%0.0x
2025-12100.2x₹319 cr1.1%1.0%0.0x
2025-11115.3x₹307 cr1.1%1.0%0.0x
2025-10123.5x₹307 cr1.1%1.0%0.0x
2025-09159.7x₹307 cr1.1%1.0%0.0x
2025-08110.5x₹304 cr1.0%1.0%0.0x
2025-07110.2x₹304 cr1.0%1.0%0.0x
2025-06111.2x₹304 cr1.0%1.0%0.0x
2025-05101.7x₹345 cr1.1%2.0%0.0x
2025-0489.7x₹345 cr1.1%2.0%0.0x
2025-0395.5x₹345 cr1.1%2.0%0.0x
2025-0283.4x₹392 cr1.2%2.0%0.0x
2025-0182.8x₹392 cr1.2%2.0%0.0x
2024-1294.1x₹392 cr1.2%2.0%0.0x
2024-1191.0x₹374 cr1.2%2.0%0.0x
2024-1094.4x₹374 cr1.2%2.0%0.0x
2024-0993.3x₹374 cr1.2%2.0%0.0x
2024-0895.7x₹384 cr1.3%2.0%0.0x
2024-0783.4x₹384 cr1.3%2.0%0.0x
2024-0685.0x₹384 cr1.3%2.0%0.0x
2024-05128.9x₹277 cr1.3%1.0%0.0x
2024-04133.1x₹277 cr1.3%1.0%0.0x
2024-03125.3x₹277 cr1.3%1.0%0.0x
2024-02146.2x₹277 cr1.3%1.0%0.0x
2024-01113.3x₹277 cr1.3%1.0%0.0x
2023-1285.9x₹277 cr1.3%1.0%0.0x
2023-1185.1x₹277 cr1.3%1.0%0.0x
2023-1062.4x₹277 cr1.3%1.0%0.0x
2023-0965.7x₹277 cr1.3%1.0%0.0x
2023-0849.0x₹277 cr1.3%1.0%0.0x
2023-0750.8x₹277 cr1.3%1.0%0.0x
2023-0647.0x₹277 cr1.3%1.0%0.0x
2023-0552.2x₹254 cr1.1%1.0%0.0x
2023-0451.1x₹254 cr1.1%1.0%0.0x
2023-0341.1x₹254 cr1.1%1.0%0.0x
2023-0248.2x₹254 cr1.1%1.0%0.0x
2023-0150.4x₹254 cr1.1%1.0%0.0x
2022-1249.9x₹254 cr1.1%1.0%0.0x
2022-1155.6x₹254 cr1.1%1.0%0.0x
2022-1055.6x₹254 cr1.1%1.0%0.0x
2022-0954.4x₹254 cr1.1%1.0%0.0x
2022-0837.8x₹254 cr1.1%1.0%0.0x
2022-0734.8x₹254 cr1.1%1.0%0.0x
2022-0631.7x₹254 cr1.1%1.0%0.0x
2022-0550.3x₹163 cr1.1%2.0%0.0x
2022-0449.0x₹163 cr1.1%2.0%0.0x
2022-0344.7x₹163 cr1.1%2.0%0.0x
2022-0243.8x₹163 cr1.1%2.0%0.0x
2022-0148.7x₹163 cr1.1%2.0%0.0x
2021-1244.7x₹163 cr1.1%2.0%0.0x
2021-1146.1x₹163 cr1.1%2.0%0.0x
2021-1049.7x₹163 cr1.1%2.0%0.0x
2021-0945.1x₹163 cr1.1%2.0%0.0x
2021-0841.4x₹163 cr1.1%2.0%0.0x
2021-0737.8x₹163 cr1.1%2.0%0.0x
2021-0637.2x₹163 cr1.1%2.0%0.0x
2021-0559.2x₹144 cr1.1%1.0%0.0x
2021-0457.5x₹144 cr1.1%1.0%0.0x
2021-0358.1x₹144 cr1.1%1.0%0.0x
2021-0262.0x₹144 cr1.1%1.0%0.0x
2021-0157.5x₹144 cr1.1%1.0%0.0x
2020-1255.9x₹144 cr1.1%1.0%0.0x
2020-1152.5x₹144 cr1.1%1.0%0.0x
2020-1047.5x₹144 cr1.1%1.0%0.0x
2020-0946.9x₹144 cr1.1%1.0%0.0x
2020-0845.3x₹144 cr1.1%1.0%0.0x
2020-0740.8x₹144 cr1.1%1.0%0.0x
2020-0643.0x₹144 cr1.1%1.0%0.0x
2020-0527.7x₹177 cr1.7%2.0%0.0x
2020-0428.0x₹177 cr1.7%2.0%0.0x
2020-0325.0x₹177 cr1.7%2.0%0.0x
2020-0234.5x₹177 cr1.7%2.0%0.0x
2020-0134.1x₹177 cr1.7%2.0%0.0x
2019-1230.7x₹177 cr1.7%2.0%0.0x
2019-1131.4x₹177 cr1.7%2.0%0.0x
2019-1031.8x₹177 cr1.7%2.0%0.0x
2019-0931.1x₹177 cr1.7%2.0%0.0x
2019-0829.2x₹177 cr1.7%2.0%0.0x
2019-0731.1x₹177 cr1.7%2.0%0.0x
2019-0633.7x₹177 cr1.7%2.0%0.0x
2019-0537.4x₹158 cr1.6%3.0%0.0x
2019-0436.1x₹158 cr1.6%3.0%0.0x
2019-0334.9x₹158 cr1.6%3.0%0.0x
2019-0234.5x₹158 cr1.6%3.0%0.0x
2019-0135.7x₹158 cr1.6%3.0%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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