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WIPRO LTD (WIPRO)

Technology Services · Information Technology Services · 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.52 / 100
Profitability 62Growth 31Balance sheet 64
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.44 / 100
Price 79Earnings 36FII/DII 16

Passes these screensCash RichDebt-light & profitable

Compare withTATA CONSULTANCY SERVICESINFOSYSHCL TECHNOLOGIES

Share price

Closing priceAdjusted for splits and bonus issues.

₹199 latest close · +13.0% over the last 90 sessions

₹160₹180₹200Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹160₹180₹200Jul 3Sep 4Nov 9

₹199 month-end · −18.2% over 12 months

₹150₹200₹250Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹150₹200₹250Nov '25May '26Nov '26

₹199 month-end · +0.8% over 3 years

₹150₹200₹250₹300Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹150₹200₹250₹300Nov '23May '25Nov '26

₹199 month-end · +50.0% since Jan '19

₹100₹200₹300Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹100₹200₹300Jan '19Dec '22Nov '26

52-week range ₹156.79 to ₹266.25 · 1-year volatility 26.9%

Was the rally earned?

-18%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 18.9x to 15.6x); per-share earnings took off 0 points.
  • The share count fell 3%.
Net profit growth: −3 pts. Points of the price return explained by net profit growing (or shrinking).−3 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: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2 ptsShare count changeShare price: −18%−18%Share priceNet profit growth: −3 pts. Points of the price return explained by net profit growing (or shrinking).−3ProfitP/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: +2 pts. Points of the price return explained by the share count changing. More shares count against the price.+2SharesShare price: −18%−18%Share price
Net profit growth-3 ptsNet profit fell about 3%, which lowers the price.
P/E change-18 ptsThe P/E fell from 18.9x to 15.6x, which lowers the price.
Share count change+2 ptsShare count fell 3%, which lifts the price.
+1%share price, 3 yearsRoughly flat
  • The share price was roughly flat over 3 years (+1%).
  • The share count fell 7%.
Net profit growth: +14 pts. Points of the price return explained by net profit growing (or shrinking).+14 ptsNet profit growthP/E change: −20 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−20 ptsP/E changeShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7 ptsShare count changeShare price: +1%+1%Share priceNet profit growth: +14 pts. Points of the price return explained by net profit growing (or shrinking).+14ProfitP/E change: −20 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−20P/EShare count change: +7 pts. Points of the price return explained by the share count changing. More shares count against the price.+7SharesShare price: +1%+1%Share price
Net profit growth+14 ptsNet profit rose about 15%, which lifts the price.
P/E change-20 ptsThe P/E fell from 19.1x to 15.6x, which lowers the price.
Share count change+7 ptsShare count fell 7%, which lifts the price.
-35%share price, 5 yearsLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 21 points, but investors now pay less per rupee of profit (P/E 30.9x to 15.6x), which took 56 points back.
  • The share count fell 7%.
Net profit growth: +15 pts. Points of the price return explained by net profit growing (or shrinking).+15 ptsNet profit growthP/E change: −56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−56 ptsP/E changeShare count change: +6 pts. Points of the price return explained by the share count changing. More shares count against the price.+6 ptsShare count changeShare price: −35%−35%Share priceNet profit growth: +15 pts. Points of the price return explained by net profit growing (or shrinking).+15ProfitP/E change: −56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−56P/EShare count change: +6 pts. Points of the price return explained by the share count changing. More shares count against the price.+6SharesShare price: −35%−35%Share price
Net profit growth+15 ptsNet profit rose about 21%, which lifts the price.
P/E change-56 ptsThe P/E fell from 30.9x to 15.6x, which lowers the price.
Share count change+6 ptsShare count fell 7%, which lifts 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 TATA CONSULTANCY SERVICES

How rough has the ride been?

Maximum drawdown-54.5%not yet recovered
1-year volatility26.9%annualised
Beta vs sector index0.953-year daily, correlation 0.69
Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2020202120222023202420252026−53.8% 0%−20%−40%2020202220242026−53.8%
Largest drawdowns

-54.5% (2022-01 peak to 2026-09 low, not yet recovered)

-45.7% (2019-06 peak to 2020-03 low, recovered 2020-09)

Most recent volume spikes

2026-10-16: 7.9x the 50-day median, price +5.9% that day

2026-09-29: 17.6x the 50-day median, price -3.0% 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?

15.6xP/E todayNear its historic low
Against its own history17th percentile
CheapestMedian 18.9xDearest

Usual range 15.0x to 27.4x since 2019-01.

Against Technology Services15.6x vs 21.1x
This company
15.6x
Sector median
21.1x

26% below the Technology Services median.

7.4x19.2x31.1x42.9xJan '19Aug '20Mar '22Oct '23May '25Nov '267.4x19.2x31.1x42.9xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

The chart loads when you open this tab.

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

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianTechnology 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 Technology Services is valued

Where does it rank among Technology Services peers?

Each cell is the company's percentile rank among its Technology 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

  • ROCE58th▼ 5 pts vs a year ago
  • Op. margin66thflat vs a year ago
  • Revenue growth32nd▲ 3 pts vs a year ago
  • EPS growth29th▼ 34 pts vs a year ago
  • Debt/equity ↓34th▲ 9 pts vs a year ago
  • Cash cycle ↓68th▼ 6 pts vs a year ago
  • P/E ↓67th▼ 6 pts vs a year ago
  • 12M momentum52nd▼ 14 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 Technology Services sector page Watch it move against Technology Services in the Observatory

What is the price implying?

~11%annual earnings growth implied by the priceIn line with delivered growth

At P/E of 15.6x, a holder earning 12%/yr needs earnings to grow about 10.5%/yr for 10 years, then trade at 15x.

Delivered8.1%/yrEPS, last 10 fiscal years · fitted trend
Gap+2.4 ptsimplied minus delivered
Rank487thmost demanding of 856

Over time

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

0%11%22% Jan 2019Nov 2026 0%11%22% Jan 2019Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x11.7%12.7%13.7%
15x9.5%10.5%11.4%
20x6.6%7.6%8.5%

Drag a slider to test other assumptions

Implied: 10.5%/yr

Looking back

  • Jan 2020Price implied 12%/yr; EPS has since grown 8%/yr (7.0 yrs)
  • Jan 2021Price implied 17%/yr; EPS has since grown 7%/yr (6.0 yrs)
  • Jan 2022Price implied 19%/yr; EPS has since grown 5%/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 Technology Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹199.00
P/E
15.6x
ROCE
18.0%
Market Cap
₹1.97L cr
Revenue (TTM)
₹94968 cr
P/S
2.1x
P/B
2.2x
ROE
14.4%
Operating Margin
19.0%
Debt / Equity
0.2x
Promoter Holding
72.6%
12M Momentum
-18.2%

52-week range

₹156.79₹266.25
39% of the way from its 52-week low to its high

Price risk

1Y volatility
26.9%
Beta vs sector
1-year daily
0.84

Balance sheet & cash

Interest cover
operating profit ÷ interest
12.1x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.32x
Share count, 1Y
+0.2%

Are profits backed by cash?

5 of 6checks within range1 near a threshold
Other income reliance22%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 21.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate24%Within range

Median quarterly effective tax rate over about 2.5 years: 24.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.32xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.32x (cash from operations ₹49,497 cr, net profit ₹37,596 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+6 daysWithin range

Debtor days are above the median of the previous three fiscal years by 6 days (54 vs 48). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% 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, DIIs trimmed 2.9 pts; FIIs added 2.1 pts.
  • The number of shareholders rose from 25.2 lakh to 30.4 lakh (+21%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters72.9%72.6%-0.3 pts
FIIs6.7%8.8%+2.1 pts
DIIs8.1%5.2%-2.9 pts
Public and others12.2%13.2%+1.1 pts

Number of shareholders

30.4 lakhshareholders+21% since Dec '23
22.4L25.0L27.7L30.4L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 25.2 lakh
Mar '24: 24.0 lakh
Jun '24: 23.7 lakh
Sep '24: 22.4 lakh
Dec '24: 23.6 lakh
Mar '25: 24.3 lakh
Jun '25: 24.6 lakh
Sep '25: 25.2 lakh
Dec '25: 24.4 lakh
Mar '26: 26.0 lakh
Jun '26: 30.4 lakh
 22.4L25.0L27.7L30.4L Dec '23Dec '24Dec '25Jun '26
Dec '23: 25.2 lakh
Mar '24: 24.0 lakh
Jun '24: 23.7 lakh
Sep '24: 22.4 lakh
Dec '24: 23.6 lakh
Mar '25: 24.3 lakh
Jun '25: 24.6 lakh
Sep '25: 25.2 lakh
Dec '25: 24.4 lakh
Mar '26: 26.0 lakh
Jun '26: 30.4 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

+2.2%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like WIPRO 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 +17% vs the market, against −9% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +10.9%, 80% range +1.6% to +14.7%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%
EXIDEIND · Aug 2020: −38.3% vs market
ZYDUSLIFE · Aug 2021: −36.3% vs market
DEEPAKNTR · Dec 2024: −34.2% vs market
PETRONET · Sep 2020: −33.9% vs market
RAMCOCEM · Dec 2021: −32.7% vs market
GODREJAGRO · May 2022: −26.7% vs market
SRF · Nov 2023: −26.0% vs market
CROMPTON · Jul 2025: −23.5% vs market
DCMSHRIRAM · May 2023: −19.2% vs market
COROMANDEL · Feb 2021: −16.4% vs market
KANSAINER · May 2025: −15.9% vs market
RATNAMANI · Jul 2025: −15.5% vs market
CONCOR · Sep 2025: −15.4% vs market
CIEINDIA · Jan 2025: −15.1% vs market
DRREDDY · Oct 2023: −14.8% vs market
SUNDRMFAST · Jan 2025: −14.0% vs market
GAIL · Aug 2021: −13.5% vs market
BERGEPAINT · Jan 2025: −7.7% vs market
APLLTD · Oct 2025: −6.0% vs market
DABUR · Dec 2024: −5.9% vs market
TORNTPOWER · Oct 2025: −5.8% vs market
BALKRISIND · Oct 2025: −3.9% vs market
ALKEM · Jun 2024: −3.1% vs market
CIPLA · Jan 2024: +1.3% vs market
APOLLOTYRE · Aug 2024: +1.7% vs market
HCLTECH · Jul 2022: +2.6% vs market
TECHM · Oct 2023: +4.5% vs market
JINDALSTEL · Nov 2023: +4.5% vs market
ACC · Dec 2021: +6.3% vs market
LUPIN · Aug 2025: +7.2% vs market
MRF · Jun 2024: +7.7% vs market
LTTS · Oct 2025: +9.8% vs market
AMBUJACEM · Jan 2022: +10.6% vs market
VTL · Apr 2020: +13.6% vs market
ENDURANCE · Jan 2025: +15.0% vs market
MPHASIS · Jun 2024: +16.0% vs market
POLYCAB · Jul 2021: +16.4% vs market
RELIANCE · Nov 2024: +16.8% vs market
ULTRACEMCO · Jun 2022: +23.2% vs market
BAJAJ-AUTO · Sep 2025: +24.6% vs market
SHREECEM · Aug 2024: +24.6% vs market
JSL · Mar 2025: +25.6% vs market
CUMMINSIND · Oct 2020: +29.2% vs market
HEROMOTOCO · Aug 2023: +31.5% vs market
GRANULES · Jul 2023: +32.1% vs market
KPRMILL · Jul 2024: +39.2% vs market
NH · Aug 2024: +49.9% vs market
AUROPHARMA · Sep 2025: +53.4% vs market
IPCALAB · Oct 2025: +60.3% vs market
CYIENT · Dec 2022: +122.6% vs market
Similar setups +2.2%All companies −8.7%← 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 · 1 beyond the range shown, drawn at the edge

Similar setups' median
+2.2%
All companies' median
−8.7%
Beat the market
54% vs 40%

50 past situations · 50 companies · 31 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
AUROPHARMA
Health Technology		 Sep 2025 19x14% −26%−29% +53%
TECHM
Technology Services		 Oct 2023 21x22% +7%−14% +5%
HCLTECH
Technology Services		 Jul 2022 19x25% −8%−30% +3%
MPHASIS
Technology Services		 Jun 2024 28x24% +31%−13% +16%
BALKRISIND
Consumer Durables		 Oct 2025 30x17% −20%−22% −4%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ULTRACEMCO
Non-Energy Minerals		 Jun 2022 22x14% −17%−32% +23%
MRF
Consumer Durables		 Jun 2024 26x17% +28%−14% +8%
ALKEM
Health Technology		 Jun 2024 33x20% +42%−9% −3%
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 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 WIPRO 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 else looks like this?

Companies with the most similar financial profile today, regardless of industry.

DABUR INDIADABUR
Consumer Non-Durables
65%similar
operating marginvolatility
JINDAL STAINLESSJSL
Non-Energy Minerals
62%similar
revenueROCE
GODAWARI POWER AND ISPATGPIL
Non-Energy Minerals
60%similar
operating marginrevenue growth
COAL INDIACOALINDIA
Energy Minerals
59%similar
revenuemarket cap
VARDHMAN TEXTILES LIMTEDVTL
Process Industries
59%similar
revenue growthoperating margin
TATA CONSULTANCY SERVICESTCS
Technology Services
65%similar
revenuemarket cap
HCL TECHNOLOGIESHCLTECH
Technology Services
58%similar
revenuemarket cap
L&T TECHNOLOGIESLTTS
Technology Services
48%similar
operating marginpromoter holding

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

What changed?

30 events since Jun '21

  1. OctPriceVolume reached 7.9x its 50-day median on 2026-10-16; price +5.9% that day.
  2. SepResultsYear-on-year EPS growth turned negative.
  3. SepPriceFell 54% from the Jan 2022 peak to the Sep 2026 low.
  4. SepPriceVolume reached 17.6x its 50-day median on 2026-09-29; price -3.0% that day.
  5. JunPeer rankSlipped to the 3rd quartile of Technology Services on EPS growth (from the 2nd quartile).
  6. MarResultsRevenue (TTM) reached a new high of ₹90,892 cr.
  7. MarValuationP/E fell below the 10th percentile of its own history to date (14.8x).
  8. JanPriceVolume reached 9.4x its 50-day median on 2026-01-19; price -8.0% that day.
Show 22 earlier events
  1. OctPriceVolume reached 5.8x its 50-day median on 2025-10-17; price -5.1% that day.
  2. JunPeer rankMoved into the 2nd quartile of Technology Services on EPS growth (from the 3rd quartile).
  3. OctPriceVolume reached 6.3x its 50-day median on 2024-10-18; price +3.7% that day.
  4. JulPriceVolume reached 5.9x its 50-day median on 2024-07-22; price -9.2% that day.
  5. JunResultsYear-on-year EPS growth turned positive.
  6. JunPeer rankMoved into the 2nd quartile of Technology Services on ROCE (from the 3rd quartile).
  7. JunPriceVolume reached 7.8x its 50-day median on 2024-06-21; price +0.0% that day.
  8. FebPeer rankSlipped to the 3rd quartile of Technology Services on ROCE (from the 2nd quartile).
  9. JanPriceVolume reached 11.6x its 50-day median on 2024-01-15; price +6.3% that day.
  10. DecPriceVolume reached 5.6x its 50-day median on 2023-12-26; price +1.6% that day.
  11. JulPriceVolume reached 5.1x its 50-day median on 2023-07-17; price +2.5% that day.
  12. JunResultsYear-on-year EPS growth turned negative.
  13. JunDividendDividend payout cut from 27% to 5% of profit.
  14. JunPriceVolume reached 5.5x its 50-day median on 2023-06-16; price -2.0% that day.
  15. OctPriceVolume reached 6.7x its 50-day median on 2022-10-13; price -7.1% that day.
  16. JunResultsRevenue (TTM) reached a new high of ₹79,312 cr.
  17. JunPeer rankSlipped to the 3rd quartile of Technology Services on EPS growth (from the 2nd quartile).
  18. JanPriceVolume reached 6.0x its 50-day median on 2022-01-13; price -6.0% that day.
  19. OctPriceVolume reached 11.1x its 50-day median on 2021-10-14; price +5.3% that day.
  20. JulPriceVolume reached 6.4x its 50-day median on 2021-07-16; price +0.3% that day.
  21. JunResultsRevenue (TTM) reached a new high of ₹61,935 cr.
  22. JunPeer rankSlipped to the 2nd quartile of Technology Services on EPS growth (from the top quartile).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1115.6x₹94968 cr14.4%18.0%0.2x
2026-1015.5x₹94968 cr14.6%18.0%0.2x
2026-0912.4x₹94968 cr14.6%18.0%0.2x
2026-0814.7x₹92624 cr14.6%18.0%0.2x
2026-0714.6x₹92624 cr14.6%18.0%0.2x
2026-0613.5x₹92624 cr14.6%18.0%0.2x
2026-0516.1x₹90892 cr15.7%20.0%0.2x
2026-0415.8x₹90892 cr15.7%20.0%0.2x
2026-0314.8x₹90892 cr15.7%20.0%0.2x
2026-0215.6x₹89655 cr16.0%20.0%0.2x
2026-0118.4x₹89655 cr16.0%20.0%0.2x
2025-1219.9x₹89655 cr16.0%20.0%0.2x
2025-1118.9x₹89260 cr15.9%20.0%0.2x
2025-1018.2x₹89260 cr15.9%20.0%0.2x
2025-0918.1x₹89260 cr15.9%20.0%0.2x
2025-0819.4x₹89089 cr15.6%20.0%0.2x
2025-0719.3x₹89089 cr15.6%20.0%0.2x
2025-0620.7x₹89089 cr15.6%20.0%0.2x
2025-0520.5x₹88793 cr16.2%17.0%0.2x
2025-0419.9x₹88793 cr16.2%17.0%0.2x
2025-0321.6x₹88793 cr16.2%17.0%0.2x
2025-0224.1x₹88679 cr15.4%17.0%0.2x
2025-0127.1x₹88679 cr15.4%17.0%0.2x
2024-1225.7x₹88679 cr15.4%17.0%0.2x
2024-1125.8x₹88893 cr14.6%17.0%0.2x
2024-1024.7x₹88893 cr14.6%17.0%0.2x
2024-0924.2x₹88893 cr14.6%17.0%0.2x
2024-0824.3x₹89760 cr14.5%17.0%0.2x
2024-0723.6x₹89760 cr14.5%17.0%0.2x
2024-0623.3x₹89760 cr14.5%17.0%0.2x
2024-0520.3x₹90488 cr14.2%18.0%0.2x
2024-0421.4x₹90488 cr14.2%18.0%0.2x
2024-0322.2x₹90488 cr14.2%18.0%0.2x
2024-0224.0x₹90488 cr14.2%18.0%0.2x
2024-0122.1x₹90488 cr14.2%18.0%0.2x
2023-1221.8x₹90488 cr14.2%18.0%0.2x
2023-1119.1x₹90488 cr14.2%18.0%0.2x
2023-1017.6x₹90488 cr14.2%18.0%0.2x
2023-0918.8x₹90488 cr14.2%18.0%0.2x
2023-0818.9x₹90488 cr14.2%18.0%0.2x
2023-0718.7x₹90488 cr14.2%18.0%0.2x
2023-0618.0x₹90488 cr14.2%18.0%0.2x
2023-0517.3x₹79312 cr18.1%21.0%0.3x
2023-0416.5x₹79312 cr18.1%21.0%0.3x
2023-0315.7x₹79312 cr18.1%21.0%0.3x
2023-0216.6x₹79312 cr18.1%21.0%0.3x
2023-0117.1x₹79312 cr18.1%21.0%0.3x
2022-1216.8x₹79312 cr18.1%21.0%0.3x
2022-1117.4x₹79312 cr18.1%21.0%0.3x
2022-1016.6x₹79312 cr18.1%21.0%0.3x
2022-0916.9x₹79312 cr18.1%21.0%0.3x
2022-0817.7x₹79312 cr18.1%21.0%0.3x
2022-0718.2x₹79312 cr18.1%21.0%0.3x
2022-0617.8x₹79312 cr18.1%21.0%0.3x
2022-0523.2x₹61935 cr19.2%22.0%0.2x
2022-0424.7x₹61935 cr19.2%22.0%0.2x
2022-0328.7x₹61935 cr19.2%22.0%0.2x
2022-0227.0x₹61935 cr19.2%22.0%0.2x
2022-0127.8x₹61935 cr19.2%22.0%0.2x
2021-1234.7x₹61935 cr19.2%22.0%0.2x

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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