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TIPS MUSIC LIMITED (TIPSMUSIC)

Consumer Services · Movies/Entertainment · figures to Nov '26

Profitability #10Balance sheet #7Overall #16
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.96 / 100
Profitability 99Growth 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.75 / 100
Price 90Earnings 55FII/DII 81

Passes these screensQuality CompounderHigh MomentumDebt-light & profitableLittle growth priced inConsistent compoundersNear 52-week high

Compare withPRIME FOCUSPVR INOXSAREGAMA INDIA

Share price

Closing priceAdjusted for splits and bonus issues.

₹789.3 latest close · +15.3% over the last 90 sessions

₹700₹800Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹700₹800Jul 3Sep 4Nov 9

₹789.3 month-end · +42.7% over 12 months

₹500₹600₹700₹800Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹500₹600₹700₹800Nov '25May '26Nov '26

₹789.3 month-end · +118.4% over 3 years

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

₹789.3 month-end · +13165.5% since Jan '19

₹0₹250₹500₹750Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹250₹500₹750Jan '19Dec '22Nov '26

52-week range ₹481.15 to ₹808.80 · 1-year volatility 40.0%

Was the rally earned?

+43%share price, 1 yearEarnings-driven

Mostly yes.

  • Per-share earnings added 29 points to the rise, while the multiple moved less (P/E 41.9x to 47.0x).
  • 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: +14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+14 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: +43%+43%Share priceNet profit growth: +28 pts. Points of the price return explained by net profit growing (or shrinking).+28ProfitP/E change: +14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+14P/EShare count change: +1 pts. Points of the price return explained by the share count changing. More shares count against the price.+1SharesShare price: +43%+43%Share price
Net profit growth+28 ptsNet profit rose about 26%, which lifts the price.
P/E change+14 ptsThe P/E rose from 41.9x to 47.0x, which lifts the price.
Share count change+1 ptsShare count was little changed. More shares would count against the price.
+118%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 157 points, but investors now pay less per rupee of profit (P/E 60.6x to 47.0x), which took 39 points back.
  • The share count barely moved.
Net profit growth: +155 pts. Points of the price return explained by net profit growing (or shrinking).+155 ptsNet profit growthP/E change: −39 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−39 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: +118%+118%Share priceNet profit growth: +155 pts. Points of the price return explained by net profit growing (or shrinking).+155ProfitP/E change: −39 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−39P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: +118%+118%Share price
Net profit growth+155 ptsNet profit rose about 177%, which lifts the price.
P/E change-39 ptsThe P/E fell from 60.6x to 47.0x, which lowers the price.
Share count change+2 ptsShare count was little changed. More shares would count against the price.
+505%share price, 5 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 452 points to the rise, while the multiple moved less (P/E 38.9x to 47.0x).
  • The share count barely moved.
Net profit growth: +450 pts. Points of the price return explained by net profit growing (or shrinking).+450 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: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3 ptsShare count changeShare price: +505%+505%Share priceNet profit growth: +450 pts. Points of the price return explained by net profit growing (or shrinking).+450ProfitP/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: +3 pts. Points of the price return explained by the share count changing. More shares count against the price.+3SharesShare price: +505%+505%Share price
Net profit growth+450 ptsNet profit rose about 397%, which lifts the price.
P/E change+53 ptsThe P/E rose from 38.9x to 47.0x, which lifts the price.
Share count change+3 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 PRIME FOCUS

How rough has the ride been?

Maximum drawdown-48.6%recovered 2023-06
1-year volatility40.0%annualised
Beta vs sector index0.823-year daily, correlation 0.40
Volume spikes10last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−47.6% 0%−20%−40%2020202220242026−47.6%
Largest drawdowns

-48.6% (2022-01 peak to 2022-06 low, recovered 2023-06)

-48.3% (2024-11 peak to 2025-11 low, not yet recovered)

-40.4% (2020-02 peak to 2020-04 low, recovered 2020-06)

Most recent volume spikes

2026-10-28: 7.4x the 50-day median, price +7.1% that day

2026-10-19: 13.9x the 50-day median, price +3.3% that day

2026-10-16: 20.8x the 50-day median, price +9.1% 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?

47.0xP/E todayWithin its usual range
Against its own history60th percentile
CheapestMedian 44.5xDearest

Usual range 28.5x to 69.9x since 2019-01.

Against Consumer Services47.0x vs 22.4x
This company
47.0x
Sector median
22.4x

110% above the Consumer Services median.

9.2x45.3x81.5x117.6xJan '19Aug '20Mar '22Oct '23May '25Nov '269.2x45.3x81.5x117.6xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Services median

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

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

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Consumer Services is valued

Where does it rank among Consumer Services peers?

Each cell is the company's percentile rank among its Consumer Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE100thflat vs a year ago
  • Op. margin97th▼ 3 pts vs a year ago
  • Revenue growth81stflat vs a year ago
  • EPS growth80th▲ 7 pts vs a year ago
  • Debt/equity ↓82ndflat vs a year ago
  • Cash cycle ↓47th▼ 3 pts vs a year ago
  • P/E ↓21st▼ 13 pts vs a year ago
  • 12M momentum95th▲ 79 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 Consumer Services sector page Watch it move against Consumer Services in the Observatory

What is the price implying?

~30%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 77.4x, a holder earning 12%/yr needs earnings to grow about 29.5%/yr for 10 years, then trade at 15x.

Delivered80.0%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−30.5 ptsimplied minus delivered
Rank821stmost demanding of 856

Over time

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

0%40%80% Jan 2019Nov 2026 0%40%80% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x30.9%32.1%33.3%
15x28.4%29.5%30.7%
20x25.1%26.3%27.4%

Drag a slider to test other assumptions

Implied: 29.5%/yr

Looking back

  • Jan 2020Price implied 26%/yr; EPS has since grown 86%/yr (7.0 yrs)
  • Jan 2021Price implied 35%/yr; EPS has since grown 66%/yr (6.0 yrs)
  • Jan 2022Price implied 46%/yr; EPS has since grown 38%/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 Consumer Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹789.30
P/E
47.0x
ROCE
118.0%
Market Cap
₹10038 cr
Revenue (TTM)
₹394 cr
P/S
25.5x
P/B
38.6x
ROE
82.1%
Operating Margin
50.0%
Debt / Equity
0.0x
Promoter Holding
64.2%
12M Momentum
42.7%

52-week range

₹481.15₹808.80
94% of the way from its 52-week low to its high

Price risk

1Y volatility
40.0%
Beta vs sector
1-year daily
0.76

Balance sheet & cash

Debt service
no meaningful debt
Cash from profit, 3Y
operating cash flow ÷ net profit
1.08x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 6checks within rangeAll clear
Other income reliance7%Within range

Other income as a share of pre-tax profit (trailing twelve months): 6.9%. 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 conversion1.08xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.08x (cash from operations ₹550 cr, net profit ₹511 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-7 daysWithin range

Debtor days are below the median of the previous three fiscal years by 7 days (33 vs 40). 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 2 years, FIIs added 7.1 pts; promoters trimmed 4.8 pts; DIIs added 4.5 pts.
  • The number of shareholders rose from 37,288 to 62,003 (+66%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters68.9%64.2%-4.8 pts
FIIs0.8%8.0%+7.1 pts
DIIs0.9%5.4%+4.5 pts
Public and others29.3%22.5%-6.8 pts

Number of shareholders

62,003shareholders+66% since Dec '23
37k49k61k74k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 37,288
Mar '24: 57,209
Jun '24: 53,404
Sep '24: 60,557
Dec '24: 73,580
Mar '25: 68,869
Jun '25: 70,726
Sep '25: 69,564
Dec '25: 64,762
Mar '26: 62,106
Jun '26: 62,003
 37k49k61k74k Dec '23Dec '24Dec '25Jun '26
Dec '23: 37,288
Mar '24: 57,209
Jun '24: 53,404
Sep '24: 60,557
Dec '24: 73,580
Mar '25: 68,869
Jun '25: 70,726
Sep '25: 69,564
Dec '25: 64,762
Mar '26: 62,106
Jun '26: 62,003

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 TIPS MUSIC 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 −27% to +5% vs the market, against −2% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −9.9%, 80% range −17.1% to −8.8%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
TANLA · Dec 2021: −63.4% vs market
VAIBHAVGBL · Feb 2021: −51.3% vs market
MPSLTD · Mar 2025: −46.2% vs market
ASTRAZEN · Aug 2020: −45.0% vs market
ACCELYA · Mar 2020: −44.2% vs market
BLS · Dec 2024: −37.0% vs market
PAGEIND · Jul 2022: −32.6% vs market
EASEMYTRIP · Jun 2022: −31.0% vs market
GILLETTE · Jun 2025: −28.3% vs market
ADVENZYMES · Sep 2020: −28.1% vs market
CDSL · Jun 2025: −27.4% vs market
CROMPTON · Jan 2021: −27.1% vs market
FINEORG · Jul 2022: −26.9% vs market
GLAXO · Jun 2025: −26.0% vs market
EMAMILTD · Jun 2021: −25.0% vs market
CAMS · Nov 2024: −24.4% vs market
ABBOTINDIA · Jul 2025: −21.5% vs market
SUMICHEM · May 2022: −21.3% vs market
HONAUT · Jan 2021: −19.3% vs market
DEEPAKNTR · Aug 2021: −19.1% vs market
CRISIL · Oct 2020: −15.0% vs market
SHANTIGEAR · Jun 2023: −14.5% vs market
NEWGEN · Aug 2024: −14.1% vs market
KFINTECH · Nov 2024: −12.6% vs market
CAPLIPOINT · Apr 2020: −12.2% vs market
BLUEJET · Dec 2024: −11.1% vs market
INGERRAND · Aug 2023: −11.0% vs market
3MINDIA · Mar 2020: −10.1% vs market
PGHL · Sep 2025: −9.7% vs market
ZENTEC · Jul 2024: −8.8% vs market
OFSS · Jun 2024: −8.1% vs market
CARERATING · Jun 2025: −7.9% vs market
METROPOLIS · Oct 2020: −5.7% vs market
RHIM · Sep 2022: −4.0% vs market
DATAPATTNS · Jan 2023: −1.6% vs market
ALKYLAMINE · Mar 2021: +1.5% vs market
LLOYDSME · Mar 2025: +1.5% vs market
LALPATHLAB · Jan 2020: +6.6% vs market
TRITURBINE · Sep 2023: +7.6% vs market
JUBLFOOD · Mar 2020: +10.0% vs market
CGPOWER · Aug 2023: +10.1% vs market
THYROCARE · Jul 2020: +19.0% vs market
ESABINDIA · Dec 2020: +30.5% vs market
INDIAMART · Jul 2020: +61.2% vs market
MCX · Oct 2025: +82.3% vs market
IEX · Sep 2020: +89.9% vs market
KSOLVES · Oct 2022: +100.8% vs market
JSLL · Oct 2024: +107.3% vs market
TATAELXSI · Aug 2020: +178.8% vs market
ATGL · Jan 2021: +251.3% vs market
Similar setups −11.6%All companies −1.7%← 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
−11.6%
All companies' median
−1.7%
Beat the market
30% vs 48%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
IEX
Finance		 Sep 2020 35x56% +72%−2% +90%
CAMS
Technology Services		 Nov 2024 63x48% +76%0% −24%
GLAXO
Health Technology		 Jun 2025 60x63% +28%−2% −26%
THYROCARE
Health Services		 Jul 2020 42x35% +59%−3% +19%
ALKYLAMINE
Process Industries		 Mar 2021 58x41% +373%−2% +2%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TATAELXSI
Technology Services		 Aug 2020 66x60% +70%−7% +179%
CRISIL
Commercial Services		 Oct 2020 43x42% +41%0% −15%
CDSL
Finance		 Jun 2025 71x42% +50%−9% −27%
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, P/E and size. 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 TIPS MUSIC 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.

THYROCARE TECHNOLOGIESTHYROCARE
Health Services
77%similar
EPS growthP/E
PRUDENT CORPORATE ADVISORYPRUDENT
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68%similar
revenue growthP/E
CARE RATINGSCARERATING
Commercial Services
55%similar
debt/equityrevenue
NIPPON LIFE IND ASSET MANAGEMENAM-INDIA
Finance
55%similar
volatilitydebt/equity
RPG LIFE SCIENCESRPGLIFE
Health Technology
53%similar
debt/equityP/E
MPSMPSLTD
Consumer Services
53%similar
ROCEoperating margin
SAREGAMA INDIASAREGAMA
Consumer Services
43%similar
market capoperating margin
EIHEIHOTEL
Consumer Services
28%similar
EPS growthdebt/equity

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

What changed?

30 events since Oct '21

  1. OctPriceVolume reached 20.8x its 50-day median on 2026-10-16; price +9.1% that day.
  2. JulPriceVolume reached 51.2x its 50-day median on 2026-07-23; price +8.6% that day.
  3. JunPeer rankMoved into the top quartile of Consumer Services on EPS growth (from the 2nd quartile).
  4. AprPriceVolume reached 60.0x its 50-day median on 2026-04-24; price +2.7% that day.
  5. JanPriceVolume reached 52.5x its 50-day median on 2026-01-20; price +4.7% that day.
  6. NovPriceFell 48% from the Nov 2024 peak to the Nov 2025 low.
  7. OctPriceVolume reached 16.0x its 50-day median on 2025-10-16; price +6.3% that day.
  8. SepPeer rankSlipped to the 2nd quartile of Consumer Services on EPS growth (from the top quartile).
Show 22 earlier events
  1. AugValuationP/E crossed above the 90th percentile of its own history to date (76.0x).
  2. JulPriceRegained the 2024-02 peak, 1 month after the low.
  3. JulPriceVolume reached 5.6x its 50-day median on 2024-07-01; price +7.0% that day.
  4. JunPromoterPromoter holding fell 5.1 pts to 63.9%.
  5. JunResultsRevenue (TTM) reached a new high of ₹242 cr.
  6. JunInstitutionsFII + DII holding rose 8.5 pts over 1 quarter to 10.3%.
  7. JunPriceFell 28% from the Feb 2024 peak to the Jun 2024 low.
  8. JunPeer rankMoved into the top quartile of Consumer Services on EPS growth (from the 2nd quartile).
  9. JanPriceVolume reached 8.4x its 50-day median on 2024-01-05; price +3.2% that day.
  10. DecPriceVolume reached 56.1x its 50-day median on 2023-12-20; price -6.2% that day.
  11. OctValuationP/E crossed above the 90th percentile of its own history to date (59.5x).
  12. JulPriceVolume reached 9.1x its 50-day median on 2023-07-25; price +0.4% that day.
  13. JunPriceRegained the 2022-01 peak, 12 months after the low.
  14. JunPriceVolume reached 12.0x its 50-day median on 2023-06-01; price +8.7% that day.
  15. FebPriceVolume reached 5.3x its 50-day median on 2023-02-13; price +7.3% that day.
  16. NovPriceVolume reached 13.7x its 50-day median on 2022-11-09; price -2.2% that day.
  17. AugPriceVolume reached 10.6x its 50-day median on 2022-08-22; price -5.7% that day.
  18. JunPriceFell 49% from the Jan 2022 peak to the Jun 2022 low.
  19. JunPeer rankSlipped to the 2nd quartile of Consumer Services on EPS growth (from the top quartile).
  20. MayPriceVolume reached 8.1x its 50-day median on 2022-05-06; price -4.6% that day.
  21. JanValuationP/E crossed above the 90th percentile of its own history to date (69.7x).
  22. OctPriceRegained the 2021-07 peak, 2 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 history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1147.0x₹394 cr82.1%118.0%0.0x
2026-1046.6x₹394 cr82.7%118.0%0.0x
2026-0939.2x₹394 cr82.7%118.0%0.0x
2026-0838.0x₹375 cr83.5%118.0%0.0x
2026-0739.4x₹375 cr83.5%118.0%0.0x
2026-0637.0x₹375 cr83.5%118.0%0.0x
2026-0545.0x₹349 cr90.0%109.0%0.0x
2026-0444.1x₹349 cr90.0%109.0%0.0x
2026-0333.5x₹349 cr90.0%109.0%0.0x
2026-0239.7x₹333 cr82.9%109.0%0.0x
2026-0140.0x₹333 cr82.9%109.0%0.0x
2025-1240.6x₹333 cr82.9%109.0%0.0x
2025-1141.9x₹325 cr80.5%109.0%0.0x
2025-1040.0x₹325 cr80.5%109.0%0.0x
2025-0944.5x₹325 cr80.5%109.0%0.0x
2025-0844.6x₹311 cr79.5%109.0%0.0x
2025-0745.2x₹311 cr79.5%109.0%0.0x
2025-0651.6x₹311 cr79.5%109.0%0.0x
2025-0551.4x₹296 cr90.0%104.0%0.0x
2025-0449.8x₹296 cr90.0%104.0%0.0x
2025-0350.0x₹296 cr90.0%104.0%0.0x
2025-0249.7x₹283 cr85.0%104.0%0.0x
2025-0154.1x₹283 cr85.0%104.0%0.0x
2024-1264.0x₹283 cr85.0%104.0%0.0x
2024-1176.6x₹263 cr80.6%104.0%0.0x
2024-1079.3x₹263 cr80.6%104.0%0.0x
2024-0962.0x₹263 cr80.6%104.0%0.0x
2024-0876.0x₹242 cr70.6%104.0%0.0x
2024-0763.6x₹242 cr70.6%104.0%0.0x
2024-0641.2x₹242 cr70.6%104.0%0.0x
2024-0570.0x₹187 cr56.6%87.0%0.0x
2024-0477.5x₹187 cr56.6%87.0%0.0x
2024-0377.3x₹187 cr56.6%87.0%0.0x
2024-0287.0x₹187 cr56.6%87.0%0.0x
2024-0171.7x₹187 cr56.6%87.0%0.0x
2023-1257.4x₹187 cr56.6%87.0%0.0x
2023-1160.6x₹187 cr56.6%87.0%0.0x
2023-1059.5x₹187 cr56.6%87.0%0.0x
2023-0951.9x₹187 cr56.6%87.0%0.0x
2023-0854.6x₹187 cr56.6%87.0%0.0x
2023-0748.5x₹187 cr56.6%87.0%0.0x
2023-0644.8x₹187 cr56.6%87.0%0.0x
2023-0538.1x₹136 cr63.7%86.0%0.0x
2023-0430.5x₹136 cr63.7%86.0%0.0x
2023-0329.3x₹136 cr63.7%86.0%0.0x
2023-0230.2x₹136 cr63.7%86.0%0.0x
2023-0132.0x₹136 cr63.7%86.0%0.0x
2022-1235.4x₹136 cr63.7%86.0%0.0x
2022-1136.3x₹136 cr63.7%86.0%0.0x
2022-1034.8x₹136 cr63.7%86.0%0.0x
2022-0931.3x₹136 cr63.7%86.0%0.0x
2022-0831.6x₹136 cr63.7%86.0%0.0x
2022-0737.8x₹136 cr63.7%86.0%0.0x
2022-0628.0x₹136 cr63.7%86.0%0.0x
2022-0547.8x₹91 cr42.6%64.0%0.0x
2022-0455.6x₹91 cr42.6%64.0%0.0x
2022-0365.2x₹91 cr42.6%64.0%0.0x
2022-0258.2x₹91 cr42.6%64.0%0.0x
2022-0169.7x₹91 cr42.6%64.0%0.0x
2021-1255.1x₹91 cr42.6%64.0%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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