Share price
₹509.15 latest close · +7.6% over the last 90 sessions
₹509.15 month-end · +9.0% over 12 months
₹509.15 month-end · +21.0% over 3 years
₹509.15 month-end · +150.8% since Jan '19
52-week range ₹278.20 to ₹687.20 · 1-year volatility 49.6%
Was the rally earned?
Mostly yes, with a catch.
- Per-share earnings added 93 points, but investors now pay less per rupee of profit (P/E 26.3x to 11.8x), which took 84 points back.
- The share count barely moved.
Mostly yes, with a catch.
- Per-share earnings added 351 points, but investors now pay less per rupee of profit (P/E 43.3x to 11.8x), which took 209 points back.
- The share count barely moved.
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: 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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-68.4% (2024-11 peak to 2026-03 low, not yet recovered)
-61.9% (2019-01 peak to 2020-03 low, recovered 2020-07)
-45.6% (2021-05 peak to 2021-11 low, recovered 2022-09)
Most recent volume spikes
2026-11-04: 6.5x the 50-day median, price +0.4% that day
2026-09-29: 51.6x the 50-day median, price +6.0% that day
2026-08-25: 7.9x the 50-day median, price +3.2% 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?
Usual range 11.8x to 79.0x since 2019-01.
68% below the Health Technology median.
The chart loads when you open this tab.
The chart loads when you open this tab.
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.
Where does it rank among Health Technology peers?
Each cell is the company's percentile rank among its Health Technology 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
- ROCE18thflat vs a year ago
- Op. margin34th▲ 16 pts vs a year ago
- Revenue growth33rd▼ 48 pts vs a year ago
- EPS growth93rd
- Debt/equity ↓58th▲ 4 pts vs a year ago
- Cash cycle ↓9th▲ 5 pts vs a year ago
- P/E ↓89th▲ 29 pts vs a year ago
- 12M momentum52nd▲ 38 pts vs a year ago
Rank history
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 Health Technology sector page Watch it move against Health Technology in the Observatory
What is the price implying?
At normalised P/E (five-year average earnings) of 139.7x, a holder earning 12%/yr needs earnings to grow about 40.0%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 41.9% | 43.2% | 44.4% |
| 15x | 38.7% | 40.0% | 41.2% |
| 20x | 34.8% | 36.0% | 37.2% |
Drag a slider to test other assumptions
Implied: 40.0%/yrLooking back
- Jan 2022Price implied −3%/yr; EPS has since grown 49%/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 Health Technology The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹509.15
- P/E
- 11.8x
- ROCE
- 4.0%
- Market Cap
- ₹3583 cr
- Revenue (TTM)
- ₹2308 cr
- P/S
- 1.6x
- P/B
- 1.3x
- ROE
- 11.2%
- Operating Margin
- 11.0%
- Debt / Equity
- 0.2x
- Promoter Holding
- 70.2%
- 12M Momentum
- 9.0%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance79%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 79.1%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate10%Near threshold
Median quarterly effective tax rate over about 2.5 years: 10.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.04xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.04x (cash from operations ₹11 cr, net profit ₹297 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow1 of 5 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+2 daysWithin range
Debtor days are above the median of the previous three fiscal years by 2 days (137 vs 135). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress8% of fixed assetsWithin range
Capital work-in-progress is 8% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-46 days / 2 yrsWithin range
Days payable changed by -46 over two years. Bands: rise of up to 30 days; more than 30 days.
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.
Who has been buying and selling?
- Over 2 years, institutional and promoter holdings were broadly unchanged.
- The number of shareholders rose from 20,877 to 25,347 (+21%) between Dec 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like UNICHEM LABORATORIES 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 −25% to +34% vs the market, against −10% for all non-financial companies in the same months.
- The gap against the base rate (−3.0%, 80% range −10.1% to +9.8%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
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 · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 26 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| KSL Non-Energy Minerals |
Jan 2025 | 16x | — | +47% | −28% | −25% |
| AGI Process Industries |
Aug 2025 | 18x | — | −6% | −31% | −19% |
| DBCORP Consumer Services |
Apr 2023 | 14x | 10% | +28% | −20% | +63% |
| JINDRILL Industrial Services |
May 2023 | 14x | 7% | +50% | −10% | +49% |
| JAGRAN Consumer Services |
Oct 2023 | 12x | 8% | +50% | −16% | −35% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| BALMLAWRIE Producer Manufacturing |
Mar 2024 | 22x | 10% | +115% | −16% | −25% |
| GUJALKALI Process Industries |
Jan 2022 | 29x | 5% | +113% | −16% | 0% |
| IOLCP Process Industries |
Oct 2025 | 26x | 9% | +15% | −23% | +103% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and revenue growth. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Jun '23
- NovPriceVolume reached 6.5x its 50-day median on 2026-11-04; price +0.4% that day.
- SepResultsRevenue (TTM) reached a new high of ₹2,308 cr.
- SepValuationP/E fell below the 10th percentile of its own history to date (12.6x).
- SepPeer rankMoved into the 3rd quartile of Health Technology on operating margin (from the bottom quartile).
- JulPriceVolume reached 218.6x its 50-day median on 2026-07-09; price +13.6% that day.
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the top quartile of Health Technology on EPS growth (from the bottom quartile).
- JunPriceVolume reached 954.4x its 50-day median on 2026-06-11; price +5.8% that day.
Show 22 earlier events
- MarPriceFell 68% from the Nov 2024 peak to the Mar 2026 low.
- MarValuationP/E fell below the 10th percentile of its own history to date (7.0x).
- MarPeer rankSlipped to the bottom quartile of Health Technology on operating margin (from the 3rd quartile).
- FebPriceVolume reached 20.8x its 50-day median on 2026-02-05; price +2.9% that day.
- DecPeer rankMoved into the 3rd quartile of Health Technology on operating margin (from the bottom quartile).
- NovPriceVolume reached 26.8x its 50-day median on 2025-11-11; price +4.3% that day.
- SepPeer rankSlipped to the bottom quartile of Health Technology on operating margin (from the 3rd quartile).
- JulPriceVolume reached 9.6x its 50-day median on 2025-07-16; price +7.9% that day.
- JunResultsEPS (TTM) turned positive.
- JunValuationP/E fell below the 10th percentile of its own history to date (30.2x).
- MayPriceVolume reached 18.2x its 50-day median on 2025-05-22; price +2.8% that day.
- MarPeer rankMoved into the 3rd quartile of Health Technology on operating margin (from the bottom quartile).
- FebPriceVolume reached 26.9x its 50-day median on 2025-02-06; price +1.4% that day.
- OctPriceVolume reached 89.8x its 50-day median on 2024-10-22; price +12.9% that day.
- SepPriceVolume reached 46.8x its 50-day median on 2024-09-12; price +9.6% that day.
- JunResultsRevenue (TTM) reached a new high of ₹1,737 cr.
- MayPriceVolume reached 16.7x its 50-day median on 2024-05-22; price +1.0% that day.
- FebPriceVolume reached 69.5x its 50-day median on 2024-02-05; price +20.0% that day.
- JanPriceRegained the 2022-11 peak, 13 months after the low.
- NovPriceVolume reached 6.0x its 50-day median on 2023-11-16; price +5.2% that day.
- JulPriceVolume reached 9.2x its 50-day median on 2023-07-28; price +1.0% that day.
- JunResultsEPS (TTM) turned negative.
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
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 11.8x | ₹2308 cr | 11.2% | 4.0% | 0.2x |
| 2026-10 | 11.2x | ₹2308 cr | 11.2% | 4.0% | 0.2x |
| 2026-09 | 12.6x | ₹2308 cr | 11.2% | 4.0% | 0.2x |
| 2026-08 | 15.5x | ₹2202 cr | 9.3% | 4.0% | 0.2x |
| 2026-07 | 14.3x | ₹2202 cr | 9.3% | 4.0% | 0.2x |
| 2026-06 | 12.9x | ₹2202 cr | 9.3% | 4.0% | 0.2x |
| 2026-05 | 8.3x | ₹2214 cr | 12.0% | 6.0% | 0.2x |
| 2026-04 | 9.3x | ₹2214 cr | 12.0% | 6.0% | 0.2x |
| 2026-03 | 7.0x | ₹2214 cr | 12.0% | 6.0% | 0.2x |
| 2026-02 | 27.6x | ₹2226 cr | 3.6% | 6.0% | 0.2x |
| 2026-01 | 29.8x | ₹2226 cr | 3.6% | 6.0% | 0.2x |
| 2025-12 | 35.2x | ₹2226 cr | 3.6% | 6.0% | 0.2x |
| 2025-11 | 26.3x | ₹2154 cr | 5.1% | 6.0% | 0.2x |
| 2025-10 | 26.5x | ₹2154 cr | 5.1% | 6.0% | 0.2x |
| 2025-09 | 26.0x | ₹2154 cr | 5.1% | 6.0% | 0.2x |
| 2025-08 | 25.8x | ₹2110 cr | 5.6% | 6.0% | 0.2x |
| 2025-07 | 31.9x | ₹2110 cr | 5.6% | 6.0% | 0.2x |
| 2025-06 | 30.2x | ₹2110 cr | 5.6% | 6.0% | 0.2x |
| 2025-05 | — | ₹1955 cr | -1.8% | 0.0% | 0.1x |
| 2025-04 | — | ₹1955 cr | -1.8% | 0.0% | 0.1x |
| 2025-03 | — | ₹1955 cr | -1.8% | 0.0% | 0.1x |
| 2025-02 | — | ₹1888 cr | -1.2% | 0.0% | 0.1x |
| 2025-01 | — | ₹1888 cr | -1.2% | 0.0% | 0.1x |
| 2024-12 | — | ₹1888 cr | -1.2% | 0.0% | 0.1x |
| 2024-11 | — | ₹1797 cr | -3.2% | 0.0% | 0.1x |
| 2024-10 | — | ₹1797 cr | -3.2% | 0.0% | 0.1x |
| 2024-09 | — | ₹1797 cr | -3.2% | 0.0% | 0.1x |
| 2024-08 | — | ₹1737 cr | -3.3% | 0.0% | 0.1x |
| 2024-07 | — | ₹1737 cr | -3.3% | 0.0% | 0.1x |
| 2024-06 | — | ₹1737 cr | -3.3% | 0.0% | 0.1x |
| 2024-05 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2024-04 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2024-03 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2024-02 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2024-01 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2023-12 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2023-11 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2023-10 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2023-09 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2023-08 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2023-07 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2023-06 | — | ₹1343 cr | -8.3% | -5.0% | 0.1x |
| 2023-05 | 79.4x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2023-04 | 80.7x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2023-03 | 61.6x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2023-02 | 62.9x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2023-01 | 74.9x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2022-12 | 67.1x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2022-11 | 86.7x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2022-10 | 87.5x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2022-09 | 82.7x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2022-08 | 65.2x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2022-07 | 63.1x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2022-06 | 51.2x | ₹1270 cr | 1.3% | 1.0% | 0.1x |
| 2022-05 | 53.0x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2022-04 | 55.5x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2022-03 | 53.4x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2022-02 | 51.9x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2022-01 | 54.7x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2021-12 | 51.1x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2021-11 | 43.3x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2021-10 | 49.3x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2021-09 | 55.6x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2021-08 | 59.9x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2021-07 | 68.4x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2021-06 | 65.2x | ₹1235 cr | 1.3% | 2.0% | 0.0x |
| 2021-05 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2021-04 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2021-03 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2021-02 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2021-01 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2020-12 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2020-11 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2020-10 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2020-09 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2020-08 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2020-07 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2020-06 | — | ₹1104 cr | -2.4% | -2.0% | 0.1x |
| 2020-05 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2020-04 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2020-03 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2020-02 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2020-01 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2019-12 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2019-11 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2019-10 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2019-09 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2019-08 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2019-07 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2019-06 | — | ₹1180 cr | -0.9% | -2.0% | 0.1x |
| 2019-05 | — | ₹815 cr | 95.0% | 128.0% | 0.1x |
| 2019-04 | — | ₹815 cr | 95.0% | 128.0% | 0.1x |
| 2019-03 | — | ₹815 cr | 95.0% | 128.0% | 0.1x |
| 2019-02 | — | ₹815 cr | 95.0% | 128.0% | 0.1x |
| 2019-01 | — | ₹815 cr | 95.0% | 128.0% | 0.1x |