अApnaFunda
Menu

Commercial Services

How Commercial Services sector is valued, where its profits sit and how widely its strength is spread across 83 listed companies.

83 companies · ₹2.33L cr combined market cap · prices to 9 Nov

Sector performanceall companies, weighted by market cap
3M−4.9%
1Y−17.1%
3Y p.a.+3.2%
Vol.19.8%
Max fall-42%
Valuation and qualitymedian company, change vs a year ago
Median P/E21.1x−9.5x
Aggregate P/E32.2x−9.8x
Median ROE13.1%+1.3 pp
Median ROCE15.6%+1.6 pp
Median D/E0.2x0.0x

Where Commercial Services sits in the rotation

Twelve months of earnings momentum against price strength relative to the market.

Nov 2026Confirmed weaknessEarnings −4Price vs market −3.5 pp
StrengthPrice aheadEarnings aheadWeaknessEarnings momentum (0 = market median) →Relative price strength vs market, 6M (pp) →Commercial Services · Dec 2025 · Near centre · F 49 · RS −11.1 ppCommercial Services · Jan 2026 · Near centre · F 49 · RS −14.4 ppCommercial Services · Feb 2026 · Near centre · F 49 · RS −22.5 ppCommercial Services · Mar 2026 · Near centre · F 52 · RS −18.6 ppCommercial Services · Apr 2026 · Near centre · F 51 · RS −15.7 ppCommercial Services · May 2026 · Near centre · F 51 · RS −11.1 ppCommercial Services · Jun 2026 · Near centre · F 50 · RS −12.5 ppCommercial Services · Jul 2026 · Near centre · F 49 · RS −4.2 ppCommercial Services · Aug 2026 · Price ahead of earnings · F 47 · RS +4.8 ppCommercial Services · Sep 2026 · Price ahead of earnings · F 46 · RS +7.7 ppCommercial Services · Oct 2026 · Price ahead of earnings · F 46 · RS +3.2 ppCommercial Services · Nov 2026 · Confirmed weakness · F 46 · RS −3.5 ppDec 2025Nov 2026StrengthPrice aheadEarnings aheadWeaknessEarnings momentum (0 = market median) →Price vs market (pp) →Commercial Services · Dec 2025 · Near centre · F 49 · RS −11.1 ppCommercial Services · Jan 2026 · Near centre · F 49 · RS −14.4 ppCommercial Services · Feb 2026 · Near centre · F 49 · RS −22.5 ppCommercial Services · Mar 2026 · Near centre · F 52 · RS −18.6 ppCommercial Services · Apr 2026 · Near centre · F 51 · RS −15.7 ppCommercial Services · May 2026 · Near centre · F 51 · RS −11.1 ppCommercial Services · Jun 2026 · Near centre · F 50 · RS −12.5 ppCommercial Services · Jul 2026 · Near centre · F 49 · RS −4.2 ppCommercial Services · Aug 2026 · Price ahead of earnings · F 47 · RS +4.8 ppCommercial Services · Sep 2026 · Price ahead of earnings · F 46 · RS +7.7 ppCommercial Services · Oct 2026 · Price ahead of earnings · F 46 · RS +3.2 ppCommercial Services · Nov 2026 · Confirmed weakness · F 46 · RS −3.5 ppDec 2025Nov 2026
Dec 2025Nov 2026

Quadrant changes

  1. Aug 2026 moved into Price ahead of earnings
  2. Nov 2026 moved into Confirmed weakness

The four quadrants

  • Confirmed strength: earnings improving, share price beating the market
  • Price ahead of earnings: share price beating the market, earnings not improving
  • Earnings ahead of price: earnings improving, share price lagging the market
  • Confirmed weakness: earnings not improving, share price lagging the market

Earnings is the sector’s median fundamental score minus 50; price is the sector index’s 6-month return minus the market’s. Each dot is a month-end.

All sectors on the rotation map

Commercial Services price index

Sector indexMarket-cap-weighted index of today's Commercial Services companies, rebased to 100 on Jan '19.

210.7 index level · −16.0% over 12 months

175200225250Nov 4Jan 16Apr 1Jun 17Aug 27Nov 9 175200225250Nov 4May 12Nov 9

210.7 index level · 0.0% over 3 years

200250Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 200250Nov '23May '25Nov '26

210.7 index level · +111.8% since Jan '19

100200300Jan '19Jul '20Feb '22Sep '23Apr '25Nov '26 100200300Jan '19Dec '22Nov '26

ApnaFunda's market-cap-weighted index of today's Commercial Services companies.

What drove the return

-13%sector index, 1 year (from end of Nov 2025)Lower P/E held it back

Earnings helped, the multiple did not.

  • Combined net profit grew 13%, but investors now pay less per rupee of profit (aggregate P/E 43.7x to 33.9x), which took back part of the gain.
Net profit growth: +12 pts. Points of the return explained by combined net profit growing (or shrinking).+12 ptsNet profit growthP/E change: −24 pts. Points of the return explained by the market paying a higher or lower aggregate P/E.−24 ptsP/E changeIssuance / other: −1 pts. Points the other two leave unexplained: new shares, buybacks and index weighting.−1 ptsIssuance / otherShare price: −13%−13%Share priceNet profit growth: +12 pts. Points of the return explained by combined net profit growing (or shrinking).+12ProfitP/E change: −24 pts. Points of the return explained by the market paying a higher or lower aggregate P/E.−24P/EIssuance / other: −1 pts. Points the other two leave unexplained: new shares, buybacks and index weighting.−1OtherShare price: −13%−13%Share price
Net profit growth+12 ptsCombined net profit grew 13%, which lifts the index.
P/E change-24 ptsThe aggregate P/E fell from 43.7x to 33.9x, which lowers the index.
Issuance / other-1 ptsNew shares, buybacks and index weighting: what profit and P/E leave unexplained.
-2%sector index, 3 years (from end of Nov 2023)Roughly flat

Roughly flat.

  • The index moved -2% over 3 years.
  • Combined net profit grew 14%.
Net profit growth: +13 pts. Points of the return explained by combined net profit growing (or shrinking).+13 ptsNet profit growthP/E change: −17 pts. Points of the return explained by the market paying a higher or lower aggregate P/E.−17 ptsP/E changeIssuance / other: +2 pts. Points the other two leave unexplained: new shares, buybacks and index weighting.+2 ptsIssuance / otherShare price: −2%−2%Share priceNet profit growth: +13 pts. Points of the return explained by combined net profit growing (or shrinking).+13ProfitP/E change: −17 pts. Points of the return explained by the market paying a higher or lower aggregate P/E.−17P/EIssuance / other: +2 pts. Points the other two leave unexplained: new shares, buybacks and index weighting.+2OtherShare price: −2%−2%Share price
Net profit growth+13 ptsCombined net profit grew 14%, which lifts the index.
P/E change-17 ptsThe aggregate P/E fell from 40.9x to 34.5x, which lowers the index.
Issuance / other+2 ptsNew shares, buybacks and index weighting: what profit and P/E leave unexplained.
+22%sector index, 5 years (from end of Nov 2021)Lower P/E held it back

Earnings helped, the multiple did not.

  • Combined net profit grew 49%, but investors now pay less per rupee of profit (aggregate P/E 44.3x to 37.1x), which took back part of the gain.
Net profit growth: +45 pts. Points of the return explained by combined net profit growing (or shrinking).+45 ptsNet profit growthP/E change: −20 pts. Points of the return explained by the market paying a higher or lower aggregate P/E.−20 ptsP/E changeIssuance / other: −3 pts. Points the other two leave unexplained: new shares, buybacks and index weighting.−3 ptsIssuance / otherShare price: +22%+22%Share priceNet profit growth: +45 pts. Points of the return explained by combined net profit growing (or shrinking).+45ProfitP/E change: −20 pts. Points of the return explained by the market paying a higher or lower aggregate P/E.−20P/EIssuance / other: −3 pts. Points the other two leave unexplained: new shares, buybacks and index weighting.−3OtherShare price: +22%+22%Share price
Net profit growth+45 ptsCombined net profit grew 49%, which lifts the index.
P/E change-20 ptsThe aggregate P/E fell from 44.3x to 37.1x, which lowers the index.
Issuance / other-3 ptsNew shares, buybacks and index weighting: what profit and P/E leave unexplained.
What do "pts" mean?

"pts" are percentage points of the return. The parts add up to the total shown for each period. Because market value = P/E × net profit, higher profit and a higher P/E both push it up.

Example: if the sector rose 30%, profit growth accounts for +45 pts and a lower P/E for -15 pts, then 45 - 15 = 30. The +45 is not the profit growth rate itself: it is the part of the move that profit growth explains.

All terms explained in the glossary →

Only companies with positive profit at both ends are included, so figures can differ slightly from the headline.
Profit is trailing twelve months, with a 60 day reporting lag.

Valuation history

21.1xmedian P/E, Nov 202632nd percentile since Jan 2019
Against its own history32nd percentile
CheapestMedian 24.3xDearest

Usual range 16.2x to 31.6x since Jan 2019.

The sector today21.1x median
Middle half10.8x to 31.6x
Range since Jan 201910.3x to 36.0x
Aggregate P/E32.2x
5.7x25.1x44.5x64.0xJan '19Aug '20Mar '22Oct '23May '25Nov '265.7x25.1x44.5x64.0xJan '19Sep '21May '24Nov '26
Median P/EMiddle half of companies (25th to 75th percentile)Aggregate P/E
2.1xmedian P/B, Nov 202634th percentile since Jan 2019
Against its own history34th percentile
CheapestMedian 2.6xDearest

Usual range 1.3x to 4.0x since Jan 2019.

The sector today2.1x median
Middle half1.2x to 4.4x
Range since Jan 20191.0x to 4.5x
Aggregate P/B3.8x

The chart loads when you open this tab.

Median P/BMiddle half of companies (25th to 75th percentile)Aggregate P/B
1.2xmedian P/S, Nov 202627th percentile since Jan 2019
Against its own history27th percentile
CheapestMedian 1.8xDearest

Usual range 0.8x to 2.4x since Jan 2019.

The sector today1.2x median
Middle half0.5x to 3.6x
Range since Jan 20190.6x to 2.8x

The chart loads when you open this tab.

Median P/SMiddle half of companies (25th to 75th percentile)

Percentiles describe where today's median sits in the sector's own history.

How to read this

Each month, the line is the median multiple of the sector's companies with a positive multiple, and the band covers the middle half of them (25th to 75th percentile). At least 5 companies are needed for a month to be shown.

The aggregate divides the sector's total market cap by its total net profit (or book value), so it is weighted towards the largest companies. Constituents are today's listed companies, so companies that have since delisted are missing (survivorship bias).

All terms explained in the glossary →

Where the profits are

29%of sector profit from the top 3 earners, Nov 2026Down from 33% in Dec 2023
  • IGIL's share rose 7.5 pts since Dec 2023, the largest change.
  • Loss-making companies lost the equivalent of 9.4% of the profit pool and are left out of the shares.
0% 25% 50% 75% 100% Mar '19Sep '21Mar '24Nov '26
CRISIL LIMITED 11%NBCC (INDIA) LIMITED 9%ECLERX SERVICES LIMITED 9%FIRSTSOURCE SOLUTIONS LTD 8%INTL GEMOLOGICAL INSTITUTE LTD 8%RITES LIMITED 6%BALMER LAWRIE INVESTMENTS LTD 4%Others 46%
0% 25% 50% 75% 100% Mar '19Sep '21Mar '24Nov '26
Miscellaneous Commercial Services 63%Financial Publishing/Services 17%Commercial Printing/Forms 10%Personnel Services 6%Advertising/Marketing Services 3%
How to read this

Each band is a company's share of the sum of positive net profit (TTM, reported with a 60-day lag), sampled quarterly. The seven largest earners today keep their own band throughout; the rest are grouped as Others.

All terms explained in the glossary →

Expectations and momentum

Growth the price implies18.6%/yr
Implied
18.6%
Delivered
8.9%

Company by company, the typical share price implies 7.3 pts a year more growth than the company delivered. Delivered is the typical company's growth over the last 10 years. Implied vs delivered →

Share of market earnings growth+0.1 pts
This sector
+0.1
Whole market
+56.4

Of the +56.4 pts growth in the market's combined reported earnings, 12 months to Nov '26. See Market Pulse

#17of 19 sectors on the Momentum rank, October 2026Best: #1 in July 2021
#19#13#7#1 Jan '20Jun '21Nov '22Apr '24Sep '25Oct '26
Jan '20: #12 of 19 sectors
Jul '20: #7 of 19 sectors
Jan '21: #17 of 19 sectors
Jul '21: #1 of 19 sectors
Jan '22: #9 of 19 sectors
Jul '22: #13 of 19 sectors
Jan '23: #5 of 19 sectors
Jul '23: #11 of 19 sectors
Jan '24: #4 of 19 sectors
Jul '24: #14 of 19 sectors
Jan '25: #17 of 19 sectors
Jul '25: #9 of 19 sectors
Jan '26: #12 of 19 sectors
Jul '26: #10 of 19 sectors
Oct '26: #17 of 19 sectors
 #19#13#7#1 Jan '20Apr '22Jul '24Oct '26
Jan '20: #12 of 19 sectors
Jul '20: #7 of 19 sectors
Jan '21: #17 of 19 sectors
Jul '21: #1 of 19 sectors
Jan '22: #9 of 19 sectors
Jul '22: #13 of 19 sectors
Jan '23: #5 of 19 sectors
Jul '23: #11 of 19 sectors
Jan '24: #4 of 19 sectors
Jul '24: #14 of 19 sectors
Jan '25: #17 of 19 sectors
Jul '25: #9 of 19 sectors
Jan '26: #12 of 19 sectors
Jul '26: #10 of 19 sectors
Oct '26: #17 of 19 sectors

Higher on the chart is a better rank.
Sectors are ranked each month on price, earnings and FII/DII buying together.

How widespread is the strength?

The share of Commercial Services companies doing well on each measure.
Above 50% means most companies are.

Above 200-day average
55%
share price above its 200-day average
31 of 83 companies with data · 9 Nov 2026
50%
Oct 2019Nov 2026
Improving ROCE
25%
ROCE up vs 12 months ago
28 of 83 companies with data · 50% worse
50%
Jan 2020Nov 2026
Rising FII holding
20%
FII holding up in the latest quarter
35 of 83 companies with data · 40% falling
50%
Mar 2024Nov 2026

Each chart runs from 0% (bottom) to 100% (top), monthly.
Hover or tap for a month's value.

How to read this

Companies below ₹500 cr market cap are left out. A ROCE or ROE change within ±1 pt, or an FII holding change within ±0.25 pt, counts as unchanged. Shareholding is reported quarterly, so the FII chart moves in steps and starts later, when shareholding history begins.

All terms explained in the glossary →

Broad or narrow?

-13%sector index, 12 monthsNarrow decline
  • 3 stocks accounted for 73% of the fall. 43% of companies beat the index.
Rose over 12 months25%Share of companies with a positive 12-month return.
Beat the sector index43%Share of companies whose return was above the index's.
Top 3 share of the move73%NBCC, SYNGENE, ECLERX.
Spread of returns33 ptsGap between the 25th and 75th percentile return; 6th percentile of its history.

Based on 68 companies' 12-month price returns, weighted by market cap 12 months ago.

How to read this

A year with an index move under 5% is called flat. Narrow means the top 3 contributors made up at least 60% of the move, or fewer than 35% of companies beat the index in a rising year. Broad means most companies moved with the index.

All terms explained in the glossary →

Leaders and laggards

The highest- and lowest-ranked of 39 Commercial Services companies above ₹500 cr on each lens, as of 9 Nov 2026.

Highest-ranked

  1. 1TCPL PACKAGING LIMITED3M price +35.5%
  2. 2SIS LIMITEDFII+DII +1.3 pts (12m)
  3. 3FIRSTSOURCE SOLUTIONS LTD3M price +6.6%
  4. 4VINSYS IT SERVICES LIMITEDFII+DII +4.7 pts (12m)
  5. 5KAPSTON SERVICES LIMITEDEPS growth +48% (12m)

Lowest-ranked

  1. 1RATTANINDIA ENTERPRISES LTDFII+DII -0.6 pts (12m)
  2. 2NIIT LIMITEDOp. margin +7.8 pts (12m)
  3. 3SESHAASAI TECHNOLOGIES LTDOp. margin 0.0 pts (12m)
  4. 4TEAMLEASE SERVICES LIMITEDROCE +2.0 pts (12m)
  5. 5HINDUJA GLOBAL SOLUTIONS LIMITFII+DII -0.1 pts (12m)

Highest-ranked

  1. 1JAYKAY ENTERPRISES LIMITED3M price +45.6%
  2. 2GLOBAL EDUCATION LTD3M price +43.0%
  3. 3TCPL PACKAGING LIMITED3M price +35.5%
  4. 4ONE POINT ONE SOLUTIONS LTD3M price +26.0%
  5. 5INTL GEMOLOGICAL INSTITUTE LTD3M price +20.4%

Lowest-ranked

  1. 1LATENT VIEW ANALYTICS LIMITED3M price -31.9%
  2. 2NIIT LEARNING SYSTEMS LIMITED3M price -31.7%
  3. 3NIIT LIMITED3M price -25.2%
  4. 4SESHAASAI TECHNOLOGIES LTD3M price -22.0%
  5. 5VIMTA LABS LIMITED3M price -21.9%

Highest-ranked

  1. 1QUESS CORP LIMITEDEPS growth +427% (12m)
  2. 2SIS LIMITEDEPS growth +248% (12m)
  3. 3SIGNPOST INDIA LTDROCE +10.0 pts (12m)
  4. 4KAPSTON SERVICES LIMITEDEPS growth +48% (12m)
  5. 5ECLERX SERVICES LIMITEDROCE +6.0 pts (12m)

Lowest-ranked

  1. 1RATTANINDIA ENTERPRISES LTDROCE -18.0 pts (12m)
  2. 2SYNGENE INTERNATIONAL LTDROCE -3.0 pts (12m)
  3. 3VINSYS IT SERVICES LIMITEDEPS growth -1% (12m)
  4. 4HINDUJA GLOBAL SOLUTIONS LIMITROCE -2.0 pts (12m)
  5. 5WEWORK INDIA MANAGEMENT LTDOp. margin +1.0 pts (12m)

Highest-ranked

  1. 1VINSYS IT SERVICES LIMITEDFII+DII +4.7 pts (12m)
  2. 2TCPL PACKAGING LIMITEDFII+DII +2.1 pts (12m)
  3. 3SIS LIMITEDFII+DII +1.3 pts (12m)
  4. 4CARE RATINGS LIMITEDFII+DII +0.6 pts (12m)
  5. 5AXISCADES TECHNOLOGIES LTDFII+DII +0.5 pts (12m)

Lowest-ranked

  1. 1ONE POINT ONE SOLUTIONS LTDFII+DII -10.1 pts (12m)
  2. 2NIIT LIMITEDFII+DII -4.3 pts (12m)
  3. 3UPDATER SERVICES LIMITEDFII+DII -3.6 pts (12m)
  4. 4TEAMLEASE SERVICES LIMITEDFII+DII -3.2 pts (12m)
  5. 5QUESS CORP LIMITEDFII+DII -2.9 pts (12m)

Rankings combine price (3-month change), earnings (12-month change in EPS growth, ROCE and operating margin) and FII/DII buying (12-month change in holding).

Who has been buying and selling?

  • Between Dec 2024 and Sep 2026, FIIs cut their holding from 9.8% to 7.5%, the largest change among the groups.

Holdings, Sep 2026

How each group changed

GroupDec 2024Sep 2026Change
Promoters59.2%60.3%+1.0 pts
FIIs9.8%7.5%-2.3 pts
DIIs14.1%14.5%+0.5 pts
Public and others17.0%17.7%+0.8 pts

Market-cap-weighted holding of Commercial Services companies over the last 8 quarters.
Public and others is what the three groups leave.
See the Sep 2026 sector flows

How concentrated is it?

16equal-sized companies, in effectBroad

The sector's market value is split across 83 companies, but unevenly: as evenly as 16 equal-sized companies would split it.

Largest company14%CRISIL's share of sector market value.
Top 332%Share of sector market value.
Top 548%Share of sector market value.
Top 3 earners29%Share of the sector's positive net profit.

Equal-sized equivalent, quarterly

051116 Feb '19Nov '20Aug '22May '24Feb '26Nov '26
Feb '19: like 10 equal-sized companies
Feb '20: like 9 equal-sized companies
Feb '21: like 8 equal-sized companies
Feb '22: like 10 equal-sized companies
Feb '23: like 9 equal-sized companies
Feb '24: like 12 equal-sized companies
Feb '25: like 11 equal-sized companies
Feb '26: like 14 equal-sized companies
Nov '26: like 16 equal-sized companies
 051116 Feb '19Nov '21Aug '24Nov '26
Feb '19: like 10 equal-sized companies
Feb '20: like 9 equal-sized companies
Feb '21: like 8 equal-sized companies
Feb '22: like 10 equal-sized companies
Feb '23: like 9 equal-sized companies
Feb '24: like 12 equal-sized companies
Feb '25: like 11 equal-sized companies
Feb '26: like 14 equal-sized companies
Nov '26: like 16 equal-sized companies

Higher means market value is spread across more companies; lower means a few companies dominate.

How to read this

This is the effective number of companies: 1 divided by the sum of squared market-cap weights. A sector of 7 equal-sized companies scores 7. One giant among many small companies scores close to 1. Under 5 reads as highly concentrated, 5 to 15 as moderately concentrated, and over 15 as broad.

All terms explained in the glossary →

Industries within Commercial Services

Each industry's slice of the sector's market value and of its profit.
A profit bar longer than the market-cap bar means the industry earns more than it is valued for.

Miscellaneous Commercial Services51 companies
Market cap70%
Profit67%
Median P/E
26.2x
Median ROCE
15.0%
12m return
-19.3%
Above 200-DMA
57%
Financial Publishing/Services4 companies
Market cap18%
Profit16%
Median P/E
24.5x
Median ROCE
23.0%
12m return
-4.0%
Above 200-DMA
33%
Commercial Printing/Forms8 companies
Market cap8%
Profit9%
Median P/E
21.4x
Median ROCE
17.0%
12m return
+12.9%
Above 200-DMA
67%
Personnel Services6 companies
Market cap3%
Profit6%
Median P/E
11.3x
Median ROCE
15.0%
12m return
+16.4%
Above 200-DMA
—
Advertising/Marketing Services14 companies
Market cap1%
Profit3%
Median P/E
9.7x
Median ROCE
17.2%
12m return
-16.3%
Above 200-DMA
—

Select an industry to filter the company list.
Industries with fewer than 3 companies are grouped as "Other industries". Both bars share one scale.

How to read this

12m return is the market-cap-weighted 12-month price return of the industry's constituents, with weights from 12 months ago. Mcap and profit shares are each industry's part of the sector total.

All terms explained in the glossary →

Companies

Show all 83 companiesHide the list
CompanyIndustryMcapWeight12m returnP/EP/BROCEOPMD/EFII Δ 1yPromoter52w range
CRISIL LIMITEDFinancial Publishing/Services₹32098 cr13.8%-1%Q336.3xQ49.8xQ4—29.0%Q40.1xQ2-1.7Q166.6%58%
NBCC (INDIA) LIMITEDMiscellaneous Commercial Services₹21695 cr9.3%-31%Q229.3xQ37.2xQ429.0%Q47.0%Q20.0xQ1-0.2Q261.8%23%
FIRSTSOURCE SOLUTIONS LTDMiscellaneous Commercial Services₹21077 cr9.1%-12%Q331.4xQ34.8xQ417.0%Q317.0%Q30.7xQ4-1.2Q153.7%60%
INTL GEMOLOGICAL INSTITUTE LTDMiscellaneous Commercial Services₹18433 cr7.9%+30%Q430.3xQ312.4xQ469.0%Q460.0%Q40.1xQ2-0.7Q176.5%91%
SYNGENE INTERNATIONAL LTDMiscellaneous Commercial Services₹17623 cr7.6%-33%Q279.6xQ43.6xQ310.0%Q212.0%Q20.1xQ2-4.7Q152.6%28%
ECLERX SERVICES LIMITEDMiscellaneous Commercial Services₹14364 cr6.2%-33%Q119.8xQ25.6xQ434.0%Q423.0%Q40.1xQ2+0.8Q454.5%18%
WEWORK INDIA MANAGEMENT LTDMiscellaneous Commercial Services₹9497 cr4.1%+14%Q4109.4xQ431.9xQ413.0%Q264.0%Q418.6xQ4—48.3%71%
RITES LIMITEDMiscellaneous Commercial Services₹9473 cr4.1%-17%Q322.7xQ33.5xQ323.0%Q422.0%Q30.0xQ1-0.0Q372.2%26%
AXISCADES TECHNOLOGIES LTDMiscellaneous Commercial Services₹7599 cr3.3%+26%Q4209.0xQ410.4xQ415.0%Q24.7%Q20.5xQ4-0.2Q258.0%56%
MANIPAL PAYMENT N ID SOLN LTDCommercial Printing/Forms₹7256 cr3.1%—27.4xQ3———————
SIS LIMITEDMiscellaneous Commercial Services₹5430 cr2.3%+21%Q437.7xQ42.1xQ314.0%Q24.5%Q20.7xQ4+0.8Q471.9%60%
SESHAASAI TECHNOLOGIES LTDCommercial Printing/Forms₹5225 cr2.2%+8%Q419.8xQ23.7xQ328.0%Q423.0%Q40.1xQ2—81.8%50%
QUESS CORP LIMITEDPersonnel Services₹5164 cr2.2%+64%Q420.4xQ24.4xQ424.0%Q42.0%Q10.1xQ2-6.0Q156.8%81%
CARE RATINGS LIMITEDFinancial Publishing/Services₹4688 cr2.0%+2%Q426.3xQ35.0xQ426.0%Q431.0%Q40.0xQ1-1.2Q1—37%
ICRA LIMITEDFinancial Publishing/Services₹4308 cr1.9%-26%Q222.1xQ33.6xQ323.0%Q434.0%Q40.0xQ1-1.8Q151.9%12%
LATENT VIEW ANALYTICS LIMITEDMiscellaneous Commercial Services₹4206 cr1.8%-59%Q121.4xQ32.4xQ316.0%Q320.0%Q30.0xQ1+0.0Q465.1%6%
TCPL PACKAGING LIMITEDCommercial Printing/Forms₹4069 cr1.7%+42%Q435.2xQ45.7xQ418.0%Q317.0%Q30.9xQ4+0.1Q455.7%90%
RATTANINDIA ENTERPRISES LTDMiscellaneous Commercial Services₹3515 cr1.5%-41%Q1—4.6xQ4-5.0%Q12.1%Q11.4xQ4-0.5Q274.9%10%
SHANTI EDU INITIATIVES LTDMiscellaneous Commercial Services₹3144 cr1.4%—541.0xQ441.0xQ410.3%Q226.3%Q40.1xQ2—49.9%—
JAYKAY ENTERPRISES LIMITEDMiscellaneous Commercial Services₹3101 cr1.3%—14.3xQ24.5xQ45.0%Q114.2%Q30.1xQ2—65.2%59%
NIIT LEARNING SYSTEMS LIMITEDMiscellaneous Commercial Services₹2353 cr1.0%-57%Q19.2xQ11.5xQ221.0%Q316.0%Q30.2xQ3-3.0Q134.3%5%
VIMTA LABS LIMITEDMiscellaneous Commercial Services₹2255 cr1.0%-17%Q336.5xQ46.6xQ4—37.0%Q40.0xQ1+0.9Q435.7%41%
ONE POINT ONE SOLUTIONS LTDMiscellaneous Commercial Services₹1948 cr0.8%+40%Q443.3xQ44.4xQ310.0%Q223.0%Q40.5xQ3-10.7Q152.3%71%
KAPSTON SERVICES LIMITEDMiscellaneous Commercial Services₹1643 cr0.7%+167%Q453.9xQ414.2xQ415.0%Q26.6%Q21.6xQ4+0.0Q472.9%83%
HINDUJA GLOBAL SOLUTIONS LIMITMiscellaneous Commercial Services₹1612 cr0.7%-28%Q2—0.2xQ11.0%Q1-3.3%Q10.2xQ3-0.1Q368.0%9%
TEAMLEASE SERVICES LIMITEDPersonnel Services₹1522 cr0.7%-40%Q111.3xQ21.5xQ215.0%Q21.0%Q10.1xQ2-0.7Q131.1%1%
BALMER LAWRIE INVESTMENTS LTDMiscellaneous Commercial Services₹1458 cr0.6%—8.1xQ11.0xQ117.0%Q314.0%Q30.1xQ2—59.7%—
UPDATER SERVICES LIMITEDMiscellaneous Commercial Services₹1359 cr0.6%+9%Q415.7xQ21.3xQ210.0%Q26.0%Q20.0xQ1-0.2Q259.1%68%
SIGNPOST INDIA LTDAdvertising/Marketing Services₹1190 cr0.5%-1%Q416.2xQ24.1xQ325.0%Q423.0%Q40.7xQ4+0.1Q460.4%21%
ASIAN STAR CO LTDMiscellaneous Commercial Services₹1065 cr0.5%—32.1xQ40.6xQ14.0%Q12.1%Q10.3xQ3—74.7%—
NIIT LIMITEDMiscellaneous Commercial Services₹987 cr0.4%-25%Q2109.2xQ40.9xQ12.0%Q1-3.9%Q10.0xQ1-4.2Q140.9%37%
VINSYS IT SERVICES LIMITEDMiscellaneous Commercial Services₹895 cr0.4%+41%Q429.9xQ35.5xQ421.0%Q3—0.3xQ3+5.1Q464.7%94%
KRYSTAL INTEGRATED SERVICE LTDMiscellaneous Commercial Services₹860 cr0.4%+12%Q413.2xQ21.7xQ216.0%Q36.0%Q20.2xQ3-0.1Q370.0%59%
BRIGHT OUTDOOR MEDIA LIMITEDAdvertising/Marketing Services₹801 cr0.3%—33.3xQ44.3xQ319.0%Q3—0.0xQ1—69.8%—
ONE GLOBAL SERVICE PROVIDERMiscellaneous Commercial Services₹799 cr0.3%—10.8xQ25.6xQ487.0%Q419.0%Q30.0xQ1—68.4%—
ADROIT INDUSTRIES IND LTDMiscellaneous Commercial Services₹756 cr0.3%—23.6xQ35.9xQ422.0%Q331.0%Q40.4xQ3———
GLOBAL EDUCATION LTDMiscellaneous Commercial Services₹730 cr0.3%+72%Q428.1xQ35.6xQ429.0%Q441.0%Q40.0xQ1+0.0Q472.7%91%
INNOVISION LTDMiscellaneous Commercial Services₹648 cr0.3%—31.7xQ42.2xQ320.0%Q3-3.8%Q10.4xQ3—74.2%—
SNOWMAN LOGISTICS LIMITEDMiscellaneous Commercial Services₹572 cr0.2%-21%Q2106.9xQ41.4xQ24.0%Q116.1%Q30.8xQ4-0.1Q350.0%16%
APTECH LIMITEDMiscellaneous Commercial Services₹480 cr0.2%-18%Q319.6xQ21.9xQ215.0%Q26.8%Q20.1xQ2+0.0Q447.4%26%
REPRO INDIA LTDCommercial Printing/Forms₹449 cr0.2%-34%Q14.6xQ11.3xQ21.0%Q12.7%Q10.5xQ4-0.7Q146.7%12%
R K SWAMY LIMITEDAdvertising/Marketing Services₹418 cr0.2%-32%Q218.4xQ21.6xQ212.0%Q210.4%Q20.2xQ2+0.1Q469.6%23%
DEV ACCELERATOR LTDMiscellaneous Commercial Services₹398 cr0.2%-7%Q337.3xQ42.2xQ312.0%Q256.3%Q42.0xQ4—35.1%60%
CREATIVE GRAPHICS SOLU LTDCommercial Printing/Forms₹388 cr0.2%-21%Q220.7xQ23.1xQ316.0%Q3—0.8xQ4-0.6Q268.1%40%
RADIANT CASH MANAGEMENT LTDMiscellaneous Commercial Services₹365 cr0.2%-31%Q211.6xQ21.3xQ213.0%Q28.9%Q20.7xQ4-0.2Q257.0%18%
ENCOMPASS DES INDIA LTDMiscellaneous Commercial Services₹319 cr0.1%—24.5xQ33.9xQ326.0%Q4—0.2xQ2—58.9%43%
CL EDUCATE LIMITEDMiscellaneous Commercial Services₹304 cr0.1%-33%Q2—1.2xQ26.0%Q113.6%Q31.1xQ4-0.2Q251.8%36%
DYNAMIC SERVICES AND SECURITYMiscellaneous Commercial Services₹280 cr0.1%-11%Q36.5xQ10.9xQ117.0%Q3—0.8xQ4-0.1Q359.8%35%
ARIHANT ACADEMY LIMITEDMiscellaneous Commercial Services₹267 cr0.1%-10%Q322.9xQ38.0xQ442.5%Q416.2%Q30.0xQ10.0Q364.7%65%
DJ MEDIAPRINT AND LOGISTICSCommercial Printing/Forms₹264 cr0.1%+5%Q421.4xQ32.9xQ317.0%Q316.2%Q30.4xQ3-0.1Q255.7%30%
FCS SOFTWARE SOLUTIONS LIMITEDMiscellaneous Commercial Services₹253 cr0.1%-27%Q2—0.6xQ12.4%Q16.4%Q20.0xQ1-0.0Q319.6%34%
E FACTOR EXPERIENCES LIMITEDMiscellaneous Commercial Services₹236 cr0.1%-45%Q112.0xQ22.6xQ325.0%Q4—0.5xQ4+0.2Q469.6%15%
YAAP DIGITAL LIMITEDAdvertising/Marketing Services₹224 cr0.1%—12.1xQ22.0xQ228.0%Q4—0.3xQ3—59.0%—
AARVI ENCON LIMITEDPersonnel Services₹212 cr0.1%+7%Q410.9xQ21.5xQ215.0%Q22.6%Q10.2xQ30.0Q373.4%51%
CASH UR DRIVE MARKETING LTDAdvertising/Marketing Services₹176 cr0.1%-39%Q16.0xQ11.3xQ2——0.0xQ1—57.2%18%
CLEAR SECURED SERVICES LTDMiscellaneous Commercial Services₹172 cr0.1%—5.7xQ10.8xQ120.0%Q3—0.4xQ3—73.0%5%
DUDIGITAL GLOBAL LIMITEDMiscellaneous Commercial Services₹160 cr0.1%-31%Q227.8xQ31.6xQ27.9%Q1—0.1xQ2+1.4Q454.0%12%
BEACON TRUSTEESHIP LIMITEDFinancial Publishing/Services₹159 cr0.1%-7%Q322.7xQ33.1xQ319.8%Q3—0.0xQ1-0.5Q246.1%37%
AARTECH SOLONICS LTDMiscellaneous Commercial Services₹144 cr0.1%-13%Q329.0xQ34.1xQ317.9%Q312.2%Q30.2xQ2+0.0Q452.8%44%
SPECTRUM TALENT MANAGEMENT LTDPersonnel Services₹138 cr0.1%-19%Q311.3xQ20.8xQ18.0%Q1—0.2xQ3-0.1Q274.5%17%
DIGICONTENT LIMITEDCommercial Printing/Forms₹135 cr0.1%-32%Q2110.9xQ43.7xQ324.0%Q41.5%Q12.6xQ4-0.0Q366.8%11%
KHFM HOSP AND FAC MAN SER LTDMiscellaneous Commercial Services₹115 cr0.0%-29%Q233.0xQ41.7xQ29.0%Q1—0.6xQ4—37.2%29%
ANI INTEGRATED SERVICES LTDPersonnel Services₹101 cr0.0%-3%Q327.6xQ31.2xQ19.0%Q1-1.2%Q10.2xQ3-0.2Q275.0%58%
PROPSHOP EVENTS AND EXHIBITIONAdvertising/Marketing Services₹101 cr0.0%—9.7xQ15.2xQ470.7%Q4—0.0xQ1———
SERVICE CARE LIMITEDMiscellaneous Commercial Services₹82 cr0.0%+27%Q416.3xQ21.6xQ211.0%Q2—0.0xQ10.0Q365.3%66%
CRAYONS ADVERTISING LIMITEDAdvertising/Marketing Services₹71 cr0.0%-36%Q119.0xQ20.6xQ16.0%Q1—0.1xQ2-0.6Q273.5%18%
ORIENT PRESS LTDCommercial Printing/Forms₹70 cr0.0%-15%Q3—1.1xQ13.0%Q1-0.9%Q10.9xQ4—73.7%33%
NOIDA TOLL BRIDGE COMPANY LTDAdvertising/Marketing Services₹69 cr0.0%-22%Q22.4xQ1—162.0%Q436.1%Q4—0.0Q326.4%18%
EVENTIONS LIMITEDAdvertising/Marketing Services₹68 cr0.0%—6.5xQ13.8xQ355.6%Q4—0.5xQ3———
MAXPOSURE LIMITEDAdvertising/Marketing Services₹68 cr0.0%-39%Q17.2xQ10.9xQ115.3%Q2—0.1xQ2-0.9Q161.6%4%
ODIGMA CONSULTANCY SOLN LTDAdvertising/Marketing Services₹64 cr0.0%-41%Q1—1.2xQ2-2.2%Q10.7%Q10.0xQ1-0.2Q227.4%14%
KANDARP DIGI SMART BPO LIMITEDMiscellaneous Commercial Services₹60 cr0.0%-46%Q132.6xQ42.0xQ211.2%Q2—0.1xQ2—58.8%11%
SUPREME FACILITY MANAGEMENTMiscellaneous Commercial Services₹48 cr0.0%-42%Q16.1xQ10.5xQ110.0%Q2—1.5xQ40.0Q371.5%11%
GRAPHISADS LIMITEDAdvertising/Marketing Services₹46 cr0.0%-25%Q210.8xQ10.5xQ17.0%Q1—0.3xQ3—73.7%10%
ARMOUR SECURITY INDIA LTDMiscellaneous Commercial Services₹44 cr0.0%—8.3xQ10.9xQ122.8%Q4—0.0xQ1—70.1%—
WE WIN LIMITEDMiscellaneous Commercial Services₹43 cr0.0%-12%Q39.7xQ11.4xQ210.9%Q24.7%Q20.1xQ2—71.0%17%
SUVIDHAA INFOSERVE LIMITEDMiscellaneous Commercial Services₹43 cr0.0%-41%Q1—1.6xQ2-28.0%Q1-70.4%Q10.1xQ10.0Q338.3%19%
HAPPY SQUARE OUTSOURCING SERVPersonnel Services₹39 cr0.0%-47%Q16.6xQ10.9xQ119.0%Q3—0.2xQ2—60.9%8%
ARCHIDPLY DECOR LIMITEDMiscellaneous Commercial Services₹39 cr0.0%-5%Q3—0.8xQ1——0.4xQ3—73.0%48%
DSJ KEEP LEARNING LIMITEDMiscellaneous Commercial Services₹23 cr0.0%-39%Q1—3.8xQ3-11.1%Q18.5%Q20.3xQ3—55.4%16%
ASPIRE AND INNOVATIVE ADV LTDAdvertising/Marketing Services₹23 cr0.0%-19%Q29.0xQ10.5xQ17.0%Q1—0.3xQ30.0Q372.3%30%
CYBER MEDIA RESEARCH N SER LTDMiscellaneous Commercial Services₹21 cr0.0%-1%Q35.5xQ11.1xQ122.0%Q34.0%Q20.3xQ3-1.1Q142.4%54%
VERITAAS ADVERTISING LTDAdvertising/Marketing Services₹9 cr0.0%-46%Q14.8xQ10.6xQ117.2%Q3—0.6xQ4-0.3Q267.1%6%

Sorted by market cap.

Click a column heading to re-sortTap a column heading to re-sort

What do the dots mean?

Dots show a company's quartile within this sector (Q1 = lowest value in the sector, Q4 = highest) for the metrics that have one; hover for the percentile. This is a relative position within this sector only, not a quality score. A hollow dot means loss-making.

Lenders show ROE in place of ROCE and n/a for operating margin and debt/equity. Companies without their own page are listed unlinked. 12m return is the 12-month price change.

All terms explained in the glossary →

Methodology and data notes

Methodology

Methodology and data notes

Commercial Services sector page

This page describes historical and current data for companies ApnaFunda classifies in Commercial Services. Percentiles, rankings, breadth and return breakdowns are descriptive statistics computed from reported financials (used 60 days after each period ends) and daily prices since Jan 2019. They are not forecasts or ratings. Sector figures include only currently listed companies (survivorship bias) and use ApnaFunda's own synthetic, non-investable sector index.

Medians, quartile bands and percentiles use companies with a positive multiple; at least 5 companies are needed for any sector statistic. Breadth excludes companies under ₹500 cr market cap. The return breakdown uses the identity market value = P/E × net profit over the companies present at both ends. Leaders and laggards are ranked on price (3-month change), fundamentals (12-month change in EPS growth, ROCE and operating margin) and flow (12-month FII+DII holding change). Chip colours only indicate which end of the sector range is higher or lower; they are not a quality score.

Feedback