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VETO SWITCHGEARS & CABLES LTD (VETO)

Producer Manufacturing · Electrical Products · 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.64 / 100
Profitability 39Growth 52Balance sheet 100

Passes these screensValue Pick

Compare withBHARAT HEAVY ELECTRICALSABB INDIASIEMENS

Share price

Closing priceAdjusted for splits and bonus issues.

₹138.14 latest close · +9.1% over the last 90 sessions

₹120₹130₹140₹150Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹120₹130₹140₹150Jul 3Sep 4Nov 9

₹138.14 month-end · +22.8% over 12 months

₹80₹100₹120₹140Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹80₹100₹120₹140Nov '25May '26Nov '26

₹138.14 month-end · +13.9% over 3 years

₹100₹150Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹100₹150Nov '23May '25Nov '26

₹138.14 month-end · +128.1% since Jan '19

₹50₹100₹150Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹50₹100₹150Jan '19Dec '22Nov '26

52-week range ₹82.32 to ₹155.90 · 1-year volatility 37.6%

Was the rally earned?

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

Mostly yes, with a catch.

  • Per-share earnings added 30 points, but investors now pay less per rupee of profit (P/E 10.3x to 9.6x), which took 7 points back.
  • The share count rose 2%.
Net profit growth: +33 pts. Points of the price return explained by net profit growing (or shrinking).+33 ptsNet profit growthP/E change: −7 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−7 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: +23%+23%Share priceNet profit growth: +33 pts. Points of the price return explained by net profit growing (or shrinking).+33ProfitP/E change: −7 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−7P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: +23%+23%Share price
Net profit growth+33 ptsNet profit rose about 34%, which lifts the price.
P/E change-7 ptsThe P/E fell from 10.3x to 9.6x, which lowers the price.
Share count change-2 ptsShare count rose 2%, which lowers the price.
+14%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 32 points, but investors now pay less per rupee of profit (P/E 11.4x to 9.6x), which took 18 points back.
  • The share count barely moved.
Net profit growth: +33 pts. Points of the price return explained by net profit growing (or shrinking).+33 ptsNet profit growthP/E change: −18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−18 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: +14%+14%Share priceNet profit growth: +33 pts. Points of the price return explained by net profit growing (or shrinking).+33ProfitP/E change: −18 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−18P/EShare count change: −1 pts. Points of the price return explained by the share count changing. More shares count against the price.−1SharesShare price: +14%+14%Share price
Net profit growth+33 ptsNet profit rose about 37%, which lifts the price.
P/E change-18 ptsThe P/E fell from 11.4x to 9.6x, which lowers the price.
Share count change-1 ptsShare count was little changed. More shares would count against the price.
+29%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 70 points, but investors now pay less per rupee of profit (P/E 13.8x to 9.6x), which took 41 points back.
  • The share count barely moved.
Net profit growth: +68 pts. Points of the price return explained by net profit growing (or shrinking).+68 ptsNet profit growthP/E change: −41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−41 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: +29%+29%Share priceNet profit growth: +68 pts. Points of the price return explained by net profit growing (or shrinking).+68ProfitP/E change: −41 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−41P/EShare count change: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: +29%+29%Share price
Net profit growth+68 ptsNet profit rose about 82%, which lifts the price.
P/E change-41 ptsThe P/E fell from 13.8x to 9.6x, 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 BHARAT HEAVY ELECTRICALS

How rough has the ride been?

Maximum drawdown-64.9%recovered 2020-12
1-year volatility37.6%annualised

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−64.9% 0%−20%−40%−60%2020202220242026−64.9%
Largest drawdowns

-64.9% (2019-02 peak to 2020-04 low, recovered 2020-12)

-56.3% (2024-08 peak to 2026-03 low, not yet recovered)

-55.6% (2021-07 peak to 2023-03 low, recovered 2024-07)

Is it expensive against its own past and its peers?

9.7xP/E todayWithin its usual range
Against its own history37th percentile
CheapestMedian 10.5xDearest

Usual range 6.8x to 16.0x since 2019-01.

Against Producer Manufacturing9.7x vs 29.6x
This company
9.7x
Sector median
29.6x

67% below the Producer Manufacturing median.

3.8x17.2x30.6x44.0xJan '19Aug '20Mar '22Oct '23May '25Nov '263.8x17.2x30.6x44.0xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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

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P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing 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 Producer Manufacturing is valued

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing 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

  • ROCE36th▲ 8 pts vs a year ago
  • Op. margin42nd▲ 5 pts vs a year ago
  • Revenue growth83rd▲ 48 pts vs a year ago
  • EPS growth70thflat vs a year ago
  • Debt/equity ↓74th▲ 4 pts vs a year ago
  • Cash cycle ↓19th▲ 8 pts vs a year ago
  • P/E ↓94thflat vs a year ago
  • 12M momentum75th▲ 33 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 Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~9%annual earnings growth implied by the price

At a P/E of 12.4x, the price would imply about 9.2%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹138.14
P/E
9.6x
ROCE
12.0%
Market Cap
₹264 cr
Revenue (TTM)
₹411 cr
P/S
0.6x
P/B
0.9x
ROE
9.4%
Operating Margin
10.6%
Debt / Equity
0.1x
Promoter Holding
45.1%
12M Momentum
22.8%

52-week range

₹82.32₹155.90
76% of the way from its 52-week low to its high

Price risk

1Y volatility
37.6%
Beta vs sector
1-year daily
0.94

Balance sheet & cash

Interest cover
operating profit ÷ interest
18.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.82x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold
Other income reliance6%Within range

Other income as a share of pre-tax profit (trailing twelve months): 5.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 27.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.82xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.82x (cash from operations ₹53 cr, net profit ₹65 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-16 daysWithin range

Debtor days are below the median of the previous three fiscal years by 16 days (155 vs 171). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress27% of fixed assetsWithin range

Capital work-in-progress is 27% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+6 days / 2 yrsWithin range

Days payable changed by +6 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.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, promoters trimmed 2.1 pts.
  • The number of shareholders fell from 26,131 to 23,721 (-9%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters47.1%45.1%-2.1 pts
FIIs0.0%0.4%+0.4 pts
DIIs———
Public and others52.9%54.5%+1.7 pts

Number of shareholders

23,721shareholders-9% since Sep '23
24k26k28k30k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 26,131
Dec '23: 25,804
Mar '24: 29,603
Jun '24: 28,572
Sep '24: 26,872
Dec '24: 26,144
Mar '25: 25,578
Jun '25: 26,567
Sep '25: 26,299
Dec '25: 25,776
Mar '26: 25,172
Jun '26: 23,721
 24k26k28k30k Sep '23Sep '24Sep '25Jun '26
Sep '23: 26,131
Dec '23: 25,804
Mar '24: 29,603
Jun '24: 28,572
Sep '24: 26,872
Dec '24: 26,144
Mar '25: 25,578
Jun '25: 26,567
Sep '25: 26,299
Dec '25: 25,776
Mar '26: 25,172
Jun '26: 23,721

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

+23.0%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like VETO SWITCHGEARS & CABLES 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 −15% to +52% vs the market, against −4% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +26.7%, 80% range +14.1% to +40.6%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SAIFL · Jul 2025: −84.2% vs market
VASCONEQ · Oct 2025: −52.8% vs market
UDS · May 2025: −48.4% vs market
VINDHYATEL · Jul 2024: −45.5% vs market
KCP · Nov 2024: −28.7% vs market
PANAMAPET · Apr 2025: −27.5% vs market
GHCLTEXTIL · Jan 2025: −23.2% vs market
RUBFILA · Sep 2025: −22.8% vs market
ASPINWALL · Apr 2025: −22.8% vs market
NRAIL · Sep 2022: −20.2% vs market
AARVI · Aug 2020: −18.6% vs market
GALLANTT · Jul 2021: −17.5% vs market
SUNFLAG · Jul 2021: −15.6% vs market
RUCHIRA · Jul 2022: −11.6% vs market
STYRENIX · Oct 2024: −7.6% vs market
PTL · May 2022: −5.2% vs market
JAGRAN · Dec 2022: +0.8% vs market
RAMCOIND · Jul 2025: +5.6% vs market
ANDHRSUGAR · Oct 2021: +6.4% vs market
ANDHRAPAP · Jul 2022: +6.5% vs market
MODISONLTD · Jul 2024: +10.6% vs market
SESHAPAPER · Jul 2022: +12.6% vs market
SPAL · Feb 2024: +15.8% vs market
BANCOINDIA · Aug 2021: +16.7% vs market
IZMO · Feb 2021: +22.4% vs market
WSTCSTPAPR · Jun 2022: +23.5% vs market
PONNIERODE · Jul 2020: +23.6% vs market
LGBBROSLTD · Nov 2021: +27.6% vs market
POLYPLEX · Apr 2020: +36.1% vs market
TNPETRO · Apr 2020: +41.6% vs market
INSECTICID · Jul 2024: +42.9% vs market
NIITLTD · Jun 2021: +44.0% vs market
CHEMFAB · Jul 2022: +44.0% vs market
IFGLEXPOR · May 2023: +44.0% vs market
TALBROAUTO · Jul 2021: +46.5% vs market
FILATEX · Oct 2025: +48.8% vs market
SHREEPUSHK · Oct 2024: +49.9% vs market
KIRLOSIND · Jan 2023: +52.8% vs market
DBCORP · Jun 2023: +53.2% vs market
ALBERTDAVD · Feb 2023: +59.7% vs market
PDMJEPAPER · Jan 2024: +63.3% vs market
MAHSEAMLES · Oct 2022: +67.1% vs market
BHAGERIA · Oct 2025: +71.1% vs market
WINDLAS · Apr 2024: +71.9% vs market
MANAKSIA · May 2022: +74.8% vs market
TDPOWERSYS · Aug 2021: +98.1% vs market
NAHARPOLY · Sep 2020: +127.4% vs market
NDRAUTO · Jun 2024: +166.8% vs market
ADSL · Dec 2020: +175.5% vs market
IRCON · Jan 2023: +183.0% vs market
Similar setups +23.0%All companies −3.7%← 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
+23.0%
All companies' median
−3.7%
Beat the market
68% vs 46%

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

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RUBFILA
Process Industries		 Sep 2025 15x14% +5%−6% −23%
TNPETRO
Process Industries		 Apr 2020 5x19% −12%−29% +42%
ANDHRAPAP
Process Industries		 Jul 2022 10x18% +34%−5% +7%
SAIFL
Finance		 Jul 2025 15x15% +79%−8% −84%
PDMJEPAPER
Process Industries		 Jan 2024 13x19% +77%0% +63%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ADSL
Technology Services		 Dec 2020 10x6% +85%0% +176%
GHCLTEXTIL
Process Industries		 Jan 2025 19x6% +17%−20% −23%
GALLANTT
Non-Energy Minerals		 Jul 2021 8x12% +178%−2% −18%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, P/S and P/E. 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 VETO SWITCHGEARS & CABLES LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. 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 changed?

30 events since Jun '19

  1. JunPeer rankSlipped to the 2nd quartile of Producer Manufacturing on EPS growth (from the top quartile).
  2. MarPriceFell 56% from the Aug 2024 peak to the Mar 2026 low.
  3. MarPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  4. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
  5. JunResultsYear-on-year EPS growth turned positive.
  6. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  7. MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
  8. JanPeer rankSlipped to the 3rd quartile of Producer Manufacturing on operating margin (from the 2nd quartile).
Show 22 earlier events
  1. SepPeer rankMoved into the 2nd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
  2. JulPriceRegained the 2021-07 peak, 16 months after the low.
  3. JulValuationP/E crossed above the 90th percentile of its own history to date (18.4x).
  4. JunResultsYear-on-year EPS growth turned negative.
  5. JunPeer rankSlipped to the bottom quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
  6. MarPromoterPromoter holding fell 2.1 pts to 45.1%.
  7. JunResultsRevenue (TTM) reached a new high of ₹290 cr.
  8. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  9. MarPriceFell 56% from the Jul 2021 peak to the Mar 2023 low.
  10. JunResultsRevenue (TTM) reached a new high of ₹267 cr.
  11. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  12. DecPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the 2nd quartile).
  13. JunResultsYear-on-year EPS growth turned positive.
  14. JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the 3rd quartile).
  15. JunDividendStarted paying a dividend (payout 13% of profit).
  16. JanValuationP/E crossed above the 90th percentile of its own history to date (18.6x).
  17. DecPriceRegained the 2019-02 peak, 8 months after the low.
  18. JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
  19. AprPriceFell 65% from the Feb 2019 peak to the Apr 2020 low.
  20. JanSharesShare count is up 5.6% over 12 months.
  21. JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on ROCE (from the top quartile).
  22. JunDividendDividend payout cut from 13% to 0% of profit.

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
2026-119.6x₹411 cr9.4%12.0%0.1x
2026-108.3x₹411 cr9.3%12.0%0.1x
2026-0910.0x₹411 cr9.3%12.0%0.1x
2026-089.5x₹387 cr8.5%12.0%0.1x
2026-079.2x₹387 cr8.5%12.0%0.1x
2026-069.7x₹387 cr8.5%12.0%0.1x
2026-059.9x₹337 cr8.7%11.0%0.1x
2026-048.7x₹337 cr8.7%11.0%0.1x
2026-036.8x₹337 cr8.7%11.0%0.1x
2026-029.4x₹319 cr7.7%11.0%0.1x
2026-019.0x₹319 cr7.7%11.0%0.1x
2025-1210.4x₹319 cr7.7%11.0%0.1x
2025-1110.3x₹304 cr7.7%11.0%0.1x
2025-1011.1x₹304 cr7.7%11.0%0.1x
2025-0910.8x₹304 cr7.7%11.0%0.1x
2025-089.8x₹300 cr8.2%11.0%0.1x
2025-0711.7x₹300 cr8.2%11.0%0.1x
2025-0611.3x₹300 cr8.2%11.0%0.1x
2025-0515.3x₹291 cr6.8%12.0%0.1x
2025-0412.2x₹291 cr6.8%12.0%0.1x
2025-0311.6x₹291 cr6.8%12.0%0.1x
2025-0210.5x₹297 cr7.3%12.0%0.1x
2025-0112.9x₹297 cr7.3%12.0%0.1x
2024-1214.1x₹297 cr7.3%12.0%0.1x
2024-1115.3x₹294 cr7.3%12.0%0.1x
2024-1014.7x₹294 cr7.3%12.0%0.1x
2024-0915.8x₹294 cr7.3%12.0%0.1x
2024-0818.7x₹300 cr7.3%12.0%0.1x
2024-0718.4x₹300 cr7.3%12.0%0.1x
2024-0613.5x₹300 cr7.3%12.0%0.1x
2024-0511.5x₹290 cr8.6%13.0%0.2x
2024-0412.3x₹290 cr8.6%13.0%0.2x
2024-0311.6x₹290 cr8.6%13.0%0.2x
2024-0212.8x₹290 cr8.6%13.0%0.2x
2024-0112.0x₹290 cr8.6%13.0%0.2x
2023-1210.9x₹290 cr8.6%13.0%0.2x
2023-1111.4x₹290 cr8.6%13.0%0.2x
2023-1010.7x₹290 cr8.6%13.0%0.2x
2023-0912.1x₹290 cr8.6%13.0%0.2x
2023-0812.7x₹290 cr8.6%13.0%0.2x
2023-0710.0x₹290 cr8.6%13.0%0.2x
2023-069.5x₹290 cr8.6%13.0%0.2x
2023-059.2x₹267 cr9.4%14.0%0.2x
2023-048.8x₹267 cr9.4%14.0%0.2x
2023-037.2x₹267 cr9.4%14.0%0.2x
2023-028.4x₹267 cr9.4%14.0%0.2x
2023-0110.0x₹267 cr9.4%14.0%0.2x
2022-1210.5x₹267 cr9.4%14.0%0.2x
2022-1110.8x₹267 cr9.4%14.0%0.2x
2022-1011.0x₹267 cr9.4%14.0%0.2x
2022-0910.3x₹267 cr9.4%14.0%0.2x
2022-0810.4x₹267 cr9.4%14.0%0.2x
2022-079.1x₹267 cr9.4%14.0%0.2x
2022-068.0x₹267 cr9.4%14.0%0.2x
2022-0512.0x₹181 cr7.7%11.0%0.2x
2022-0413.5x₹181 cr7.7%11.0%0.2x
2022-0311.8x₹181 cr7.7%11.0%0.2x
2022-0211.3x₹181 cr7.7%11.0%0.2x
2022-0114.1x₹181 cr7.7%11.0%0.2x
2021-1213.3x₹181 cr7.7%11.0%0.2x
2021-1113.8x₹181 cr7.7%11.0%0.2x
2021-1014.5x₹181 cr7.7%11.0%0.2x
2021-0914.0x₹181 cr7.7%11.0%0.2x
2021-0813.8x₹181 cr7.7%11.0%0.2x
2021-0718.1x₹181 cr7.7%11.0%0.2x
2021-0616.8x₹181 cr7.7%11.0%0.2x
2021-0526.5x₹150 cr5.1%9.0%0.1x
2021-0426.9x₹150 cr5.1%9.0%0.1x
2021-0323.9x₹150 cr5.1%9.0%0.1x
2021-0229.0x₹150 cr5.1%9.0%0.1x
2021-0118.6x₹150 cr5.1%9.0%0.1x
2020-1216.1x₹150 cr5.1%9.0%0.1x
2020-1114.0x₹150 cr5.1%9.0%0.1x
2020-108.6x₹150 cr5.1%9.0%0.1x
2020-098.7x₹150 cr5.1%9.0%0.1x
2020-088.9x₹150 cr5.1%9.0%0.1x
2020-078.7x₹150 cr5.1%9.0%0.1x
2020-069.4x₹150 cr5.1%9.0%0.1x
2020-055.3x₹218 cr7.2%10.0%0.2x
2020-045.7x₹218 cr7.2%10.0%0.2x
2020-034.8x₹218 cr7.2%10.0%0.2x
2020-028.0x₹218 cr7.2%10.0%0.2x
2020-016.9x₹218 cr7.2%10.0%0.2x
2019-126.2x₹218 cr7.2%10.0%0.2x
2019-117.3x₹218 cr7.2%10.0%0.2x
2019-108.1x₹218 cr7.2%10.0%0.2x
2019-098.4x₹218 cr7.2%10.0%0.2x
2019-088.4x₹218 cr7.2%10.0%0.2x
2019-0710.3x₹218 cr7.2%10.0%0.2x
2019-0610.4x₹218 cr7.2%10.0%0.2x
2019-053.9x₹253 cr19.6%26.0%0.3x
2019-044.3x₹253 cr19.6%26.0%0.3x
2019-034.4x₹253 cr19.6%26.0%0.3x
2019-024.7x₹253 cr19.6%26.0%0.3x
2019-013.8x₹253 cr19.6%26.0%0.3x

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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