# Miscellaneous — company-by-company sector analysis

> Miscellaneous: GMR Airports Ltd owns the largest revenue base; Exhicon Events Media Solutions Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

The 52-week sector comparison is unavailable. 14 of 30 covered companies currently have positive Mansfield relative strength versus NIFTY 500. GMR Airports Ltd leads with revenue of ₹14,807 crore, based on 31 of 36 comparable companies through Mar 2026. Exhicon Events Media Solutions Ltd has the fastest current revenue growth at 100%, across 29 of 36 comparable companies.

### Is the Miscellaneous sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 14 of 30 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

### Which Miscellaneous company is largest by revenue?

GMR Airports Ltd leads with revenue of ₹14,807 crore, based on 31 of 36 comparable companies through Mar 2026.

### Which Miscellaneous company is growing fastest?

Exhicon Events Media Solutions Ltd has the fastest current revenue growth at 100%, across 29 of 36 comparable companies.

### Which Miscellaneous company has the strongest 4-Factor Sector Score?

Sagility Ltd ranks first at 66.9/100 with 87% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Miscellaneous company reports the most CAPEX?

TruAlt Bioenergy Ltd reports the largest latest CAPEX at ₹78 crore, with 7 of 36 companies comparable.

### Which Miscellaneous company has the least gross debt?

Tandhan Industries Ltd has the lowest comparable gross debt at ₹0 crore. GMR Airports Ltd has the highest at ₹43,283 crore.

### Which Miscellaneous company has the lowest comparable PEG?

Sagility Ltd has the lowest comparable Guarded PEG at 0.97, among 3 of 36 companies that pass the metric’s comparability rules.

### How much history does this Miscellaneous comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

The 52-week comparison of Miscellaneous against NIFTY 500 is not available from the current market series. 14 of 30 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Take Solutions Ltd is the strongest against the sector itself at +66.4%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: —
52-week sector return versus NIFTY 500: —
Stocks leading NIFTY: 14/30
Stocks leading sector: 11/25

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 36
Combined market value: ₹2.4 L Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Sagility Ltd (SAGILITY): 67/100 — Favorable setup; evidence 87%
   - Growth & earnings 24.1/35 | Capital efficiency 15.9/25 | Valuation 14.8/20 | Relative strength 12.1/20
   - Exact sum: 24.1 + 15.9 + 14.8 + 12.1 = 66.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. IIRM Holdings India Ltd (526530): 64/100 — Mixed-positive evidence; evidence 72%
   - Growth & earnings 17.5/35 | Capital efficiency 17.4/25 | Valuation 9.8/20 | Relative strength 19.6/20
   - Exact sum: 17.5 + 17.4 + 9.8 + 19.6 = 64.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Exhicon Events Media Solutions Ltd (543895): 64/100 — Mixed-positive evidence; evidence 61%
   - Growth & earnings 19.2/35 | Capital efficiency 19.6/25 | Valuation 13.4/20 | Relative strength 12.0/20
   - Exact sum: 19.2 + 19.6 + 13.4 + 12 = 64.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. Aeroflex Enterprises Ltd (AEROENTER): 60/100 — Mixed-positive evidence; evidence 83%
   - Growth & earnings 16.6/35 | Capital efficiency 16.9/25 | Valuation 8.0/20 | Relative strength 18.4/20
   - Exact sum: 16.6 + 16.9 + 8 + 18.4 = 59.9
   - Decision use: Price leads the evidence: RS versus the benchmark is 27.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
5. Take Solutions Ltd (TAKE): 60/100 — Mixed-positive evidence; evidence 64%
   - Growth & earnings 25.0/35 | Capital efficiency 11.6/25 | Valuation 8.5/20 | Relative strength 14.8/20
   - Exact sum: 25 + 11.6 + 8.5 + 14.8 = 59.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. Jai Corp Ltd (JAICORPLTD): 59/100 — Mixed-positive evidence; evidence 70%
   - Growth & earnings 24.3/35 | Capital efficiency 17.1/25 | Valuation 11.5/20 | Relative strength 6.5/20
   - Exact sum: 24.3 + 17.1 + 11.5 + 6.5 = 59.4
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -8.7% and the one-year return is -2.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
7. Global Education Ltd (GLOBAL): 59/100 — Mixed-positive evidence; evidence 76%
   - Growth & earnings 16.4/35 | Capital efficiency 20.1/25 | Valuation 10.8/20 | Relative strength 11.3/20
   - Exact sum: 16.4 + 20.1 + 10.8 + 11.3 = 58.6
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8. Gulshan Polyols Ltd (GULPOLY): 58/100 — Mixed-positive evidence; evidence 75%
   - Growth & earnings 24.6/35 | Capital efficiency 12.8/25 | Valuation 10.6/20 | Relative strength 10.4/20
   - Exact sum: 24.6 + 12.8 + 10.6 + 10.4 = 58.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9. GMR Airports Ltd (GMRAIRPORT): 58/100 — Mixed-positive evidence; evidence 71%
   - Growth & earnings 22.5/35 | Capital efficiency 10.8/25 | Valuation 8.6/20 | Relative strength 16.1/20
   - Exact sum: 22.5 + 10.8 + 8.6 + 16.1 = 58
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10. R K Swamy Ltd (RKSWAMY): 58/100 — Mixed-positive evidence; evidence 61%
   - Growth & earnings 22.3/35 | Capital efficiency 16.8/25 | Valuation 10.5/20 | Relative strength 8.4/20
   - Exact sum: 22.3 + 16.8 + 10.5 + 8.4 = 58
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11. Aegis Vopak Terminals Ltd (AEGISVOPAK): 55/100 — Thin evidence · provisional; evidence 57%
   - Growth & earnings 21.2/35 | Capital efficiency 12.6/25 | Valuation 9.1/20 | Relative strength 11.8/20
   - Exact sum: 21.2 + 12.6 + 9.1 + 11.8 = 54.7
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12. Inox Green Energy Services Ltd (INOXGREEN): 54/100 — Mixed-positive evidence; evidence 66%
   - Growth & earnings 24.9/35 | Capital efficiency 11.9/25 | Valuation 9.2/20 | Relative strength 8.0/20
   - Exact sum: 24.9 + 11.9 + 9.2 + 8 = 54
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13. Parin Enterprises Ltd (PARIN): 53/100 — Mixed-positive evidence; evidence 63%
   - Growth & earnings 19.6/35 | Capital efficiency 10.8/25 | Valuation 8.9/20 | Relative strength 13.9/20
   - Exact sum: 19.6 + 10.8 + 8.9 + 13.9 = 53.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14. Aqylon Nexus Ltd (SABTNL): 52/100 — Thin evidence · provisional; evidence 56%
   - Growth & earnings 16.7/35 | Capital efficiency 15.9/25 | Valuation 9.0/20 | Relative strength 10.0/20
   - Exact sum: 16.7 + 15.9 + 9 + 10 = 51.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15. GKW Ltd (GKWLIMITED): 51/100 — Mixed-positive evidence; evidence 64%
   - Growth & earnings 20.6/35 | Capital efficiency 10.6/25 | Valuation 10.0/20 | Relative strength 9.4/20
   - Exact sum: 20.6 + 10.6 + 10 + 9.4 = 50.6
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16. TCC Concept Ltd (TCC): 48/100 — Mixed-negative evidence; evidence 77%
   - Growth & earnings 16.9/35 | Capital efficiency 12.4/25 | Valuation 14.2/20 | Relative strength 4.7/20
   - Exact sum: 16.9 + 12.4 + 14.2 + 4.7 = 48.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17. Eveready Industries India Ltd (EVEREADY): 48/100 — Mixed-negative evidence; evidence 90%
   - Growth & earnings 17.5/35 | Capital efficiency 14.9/25 | Valuation 8.2/20 | Relative strength 7.2/20
   - Exact sum: 17.5 + 14.9 + 8.2 + 7.2 = 47.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18. Jindal Photo Ltd (JINDALPHOT): 45/100 — Mixed-negative evidence; evidence 67%
   - Growth & earnings 14.4/35 | Capital efficiency 9.1/25 | Valuation 10.0/20 | Relative strength 11.8/20
   - Exact sum: 14.4 + 9.1 + 10 + 11.8 = 45.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19. Kaveri Seed Company Ltd (KSCL): 44/100 — Mixed-negative evidence; evidence 82%
   - Growth & earnings 18.2/35 | Capital efficiency 15.1/25 | Valuation 4.8/20 | Relative strength 5.7/20
   - Exact sum: 18.2 + 15.1 + 4.8 + 5.7 = 43.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20. Prozone Realty Ltd (PROZONER): 42/100 — Mixed-negative evidence; evidence 68%
   - Growth & earnings 21.3/35 | Capital efficiency 10.0/25 | Valuation 9.5/20 | Relative strength 1.2/20
   - Exact sum: 21.3 + 10 + 9.5 + 1.2 = 42
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21. Delta Corp Ltd (DELTACORP): 42/100 — Mixed-negative evidence; evidence 77%
   - Growth & earnings 11.3/35 | Capital efficiency 12.2/25 | Valuation 12.4/20 | Relative strength 5.6/20
   - Exact sum: 11.3 + 12.2 + 12.4 + 5.6 = 41.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22. TruAlt Bioenergy Ltd (TRUALT): 39/100 — Thin evidence · provisional; evidence 59%
   - Growth & earnings 10.3/35 | Capital efficiency 8.7/25 | Valuation 9.7/20 | Relative strength 10.0/20
   - Exact sum: 10.3 + 8.7 + 9.7 + 10 = 38.7
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
23. Shipping Corporation of India Land & Assets Ltd (SCILAL): 38/100 — Mixed-negative evidence; evidence 68%
   - Growth & earnings 15.5/35 | Capital efficiency 9.0/25 | Valuation 9.3/20 | Relative strength 4.2/20
   - Exact sum: 15.5 + 9 + 9.3 + 4.2 = 38
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24. Stanley Lifestyles Ltd (STANLEY): 32/100 — Adverse evidence; evidence 70%
   - Growth & earnings 8.5/35 | Capital efficiency 10.5/25 | Valuation 9.6/20 | Relative strength 3.1/20
   - Exact sum: 8.5 + 10.5 + 9.6 + 3.1 = 31.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
25. Unitech Ltd (UNITECH): 32/100 — Adverse evidence; evidence 65%
   - Growth & earnings 12.6/35 | Capital efficiency 4.9/25 | Valuation 10.0/20 | Relative strength 4.2/20
   - Exact sum: 12.6 + 4.9 + 10 + 4.2 = 31.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26. RattanIndia Enterprises Ltd (RTNINDIA): 30/100 — Adverse evidence; evidence 62%
   - Growth & earnings 13.8/35 | Capital efficiency 2.6/25 | Valuation 10.0/20 | Relative strength 3.5/20
   - Exact sum: 13.8 + 2.6 + 10 + 3.5 = 29.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27. Embassy Developments Ltd (EMBDL): 27/100 — Adverse evidence; evidence 69%
   - Growth & earnings 4.2/35 | Capital efficiency 5.9/25 | Valuation 10.0/20 | Relative strength 7.3/20
   - Exact sum: 4.2 + 5.9 + 10 + 7.3 = 27.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
28. Central Mine Planning & Design Institute Ltd (CMPDI): 63/100 — Thin evidence · provisional; evidence 38%
   - Growth & earnings 22.3/35 | Capital efficiency 20.3/25 | Valuation 10.2/20 | Relative strength 10.0/20
   - Exact sum: 22.3 + 20.3 + 10.2 + 10 = 62.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
29. FlySBS Aviation Ltd (FLYSBS): 55/100 — Thin evidence · provisional; evidence 36%
   - Growth & earnings 15.4/35 | Capital efficiency 18.5/25 | Valuation 11.4/20 | Relative strength 10.0/20
   - Exact sum: 15.4 + 18.5 + 11.4 + 10 = 55.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
30. Qualitek Labs Ltd (544091): 54/100 — Thin evidence · provisional; evidence 30%
   - Growth & earnings 17.3/35 | Capital efficiency 14.2/25 | Valuation 9.9/20 | Relative strength 12.1/20
   - Exact sum: 17.3 + 14.2 + 9.9 + 12.1 = 53.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
31. Maagh Advertising & Marketing Services Ltd (543624): 53/100 — Thin evidence · provisional; evidence 36%
   - Growth & earnings 18.3/35 | Capital efficiency 12.3/25 | Valuation 10.0/20 | Relative strength 12.3/20
   - Exact sum: 18.3 + 12.3 + 10 + 12.3 = 52.9
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
32. Shree Vasu Logistics Ltd (SVLL): 49/100 — Thin evidence · provisional; evidence 48%
   - Growth & earnings 18.4/35 | Capital efficiency 12.5/25 | Valuation 8.7/20 | Relative strength 9.1/20
   - Exact sum: 18.4 + 12.5 + 8.7 + 9.1 = 48.7
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
33. Indiqube Spaces Ltd (INDIQUBE): 49/100 — Thin evidence · provisional; evidence 42%
   - Growth & earnings 20.9/35 | Capital efficiency 7.7/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 20.9 + 7.7 + 10 + 10 = 48.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
34. Tandhan Industries Ltd (512062): 47/100 — Thin evidence · provisional; evidence 35%
   - Growth & earnings 16.3/35 | Capital efficiency 10.3/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 16.3 + 10.3 + 10 + 10 = 46.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
35. Anzen India Energy Yield Plus Trust (ANZEN): 46/100 — Thin evidence · provisional; evidence 47%
   - Growth & earnings 17.1/35 | Capital efficiency 7.5/25 | Valuation 10.0/20 | Relative strength 11.2/20
   - Exact sum: 17.1 + 7.5 + 10 + 11.2 = 45.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
36. Shree Rama Newsprint Ltd (RAMANEWS): 45/100 — Thin evidence · provisional; evidence 46%
   - Growth & earnings 14.1/35 | Capital efficiency 5.5/25 | Valuation 10.0/20 | Relative strength 15.0/20
   - Exact sum: 14.1 + 5.5 + 10 + 15 = 44.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Revenue Scale & Growth Durability

What the numbers say: GMR Airports Ltd is the scale leader at ₹14,807 crore, 81.9% ahead of RattanIndia Enterprises Ltd. Exhicon Events Media Solutions Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 136.1% from a ₹347 crore base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: GMR Airports Ltd is the scale benchmark; Exhicon Events Media Solutions Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: GMR Airports Ltd's growth falls below Exhicon Events Media Solutions Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: GMR Airports Ltd · ₹14,807 crore | 81.9% versus #2 · RattanIndia Enterprises Ltd | 8/8 recent comparable periods | 31/36 companies · 445 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. GMR Airports Ltd (GMRAIRPORT): ₹14.8K Cr
2. RattanIndia Enterprises Ltd (RTNINDIA): ₹8.1K Cr
3. Sagility Ltd (SAGILITY): ₹7.6K Cr
4. Gulshan Polyols Ltd (GULPOLY): ₹2.3K Cr
5. Embassy Developments Ltd (EMBDL): ₹1.7K Cr

### Revenue growth — fastest growers
1. Exhicon Events Media Solutions Ltd (543895): 100%
2. Jindal Photo Ltd (JINDALPHOT): 100%
3. Parin Enterprises Ltd (PARIN): 100%
4. Aqylon Nexus Ltd (SABTNL): 100%
5. TCC Concept Ltd (TCC): 100%

### 20-quarter Revenue history
- 512062: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- 526530: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹178 Cr | Jun 2024 ₹66 Cr | Sep 2024 ₹48 Cr | Dec 2024 ₹50 Cr | Mar 2025 ₹55 Cr | Jun 2025 ₹68 Cr | Sep 2025 ₹59 Cr | Dec 2025 ₹61 Cr | Mar 2026 ₹64 Cr | Jun 2026 —
- 543624: Sep 2021 — | Dec 2021 — | Mar 2022 ₹12 Cr | Jun 2022 — | Sep 2022 ₹12 Cr | Dec 2022 — | Mar 2023 ₹10 Cr | Jun 2023 — | Sep 2023 ₹22 Cr | Dec 2023 — | Mar 2024 ₹27 Cr | Jun 2024 — | Sep 2024 ₹16 Cr | Dec 2024 ₹16 Cr | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —
- 543895: Sep 2021 — | Dec 2021 — | Mar 2022 ₹10 Cr | Jun 2022 — | Sep 2022 ₹29 Cr | Dec 2022 — | Mar 2023 ₹30 Cr | Jun 2023 — | Sep 2023 ₹47 Cr | Dec 2023 — | Mar 2024 ₹41 Cr | Jun 2024 — | Sep 2024 ₹63 Cr | Dec 2024 — | Mar 2025 ₹81 Cr | Jun 2025 — | Sep 2025 ₹103 Cr | Dec 2025 — | Mar 2026 ₹100 Cr | Jun 2026 —
- 544091: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 ₹54 Cr | Dec 2025 — | Mar 2026 ₹70 Cr | Jun 2026 —
- GMRAIRPORT: Sep 2021 ₹2.1K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.6K Cr | Dec 2022 ₹1.8K Cr | Mar 2023 ₹1.9K Cr | Jun 2023 ₹2.0K Cr | Sep 2023 ₹2.1K Cr | Dec 2023 ₹2.2K Cr | Mar 2024 ₹2.4K Cr | Jun 2024 ₹2.4K Cr | Sep 2024 ₹2.5K Cr | Dec 2024 ₹2.7K Cr | Mar 2025 ₹2.9K Cr | Jun 2025 ₹3.2K Cr | Sep 2025 ₹3.7K Cr | Dec 2025 ₹4.0K Cr | Mar 2026 ₹3.9K Cr | Jun 2026 —
- AEGISVOPAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹154 Cr | Sep 2024 ₹149 Cr | Dec 2024 ₹162 Cr | Mar 2025 ₹199 Cr | Jun 2025 ₹164 Cr | Sep 2025 ₹188 Cr | Dec 2025 ₹239 Cr | Mar 2026 ₹243 Cr | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.3K Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.6K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.7K Cr | Dec 2025 ₹2.0K Cr | Mar 2026 ₹2.0K Cr | Jun 2026 ₹2.0K Cr
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹740 Cr | Jun 2025 ₹409 Cr | Sep 2025 — | Dec 2025 ₹529 Cr | Mar 2026 ₹827 Cr | Jun 2026 ₹481 Cr
- EMBDL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹133 Cr | Mar 2023 ₹108 Cr | Jun 2023 ₹196 Cr | Sep 2023 ₹96 Cr | Dec 2023 ₹101 Cr | Mar 2024 ₹380 Cr | Jun 2024 ₹490 Cr | Sep 2024 ₹475 Cr | Dec 2024 ₹325 Cr | Mar 2025 ₹889 Cr | Jun 2025 ₹681 Cr | Sep 2025 ₹493 Cr | Dec 2025 ₹213 Cr | Mar 2026 ₹342 Cr | Jun 2026 —
- INOXGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹72 Cr | Mar 2023 ₹57 Cr | Jun 2023 ₹57 Cr | Sep 2023 ₹47 Cr | Dec 2023 ₹60 Cr | Mar 2024 ₹52 Cr | Jun 2024 ₹51 Cr | Sep 2024 ₹55 Cr | Dec 2024 ₹61 Cr | Mar 2025 ₹65 Cr | Jun 2025 ₹56 Cr | Sep 2025 ₹86 Cr | Dec 2025 ₹78 Cr | Mar 2026 ₹69 Cr | Jun 2026 —
- RTNINDIA: Sep 2021 ₹1 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹12 Cr | Jun 2022 ₹689 Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.1K Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.9K Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹2.5K Cr | Sep 2024 ₹1.8K Cr | Dec 2024 ₹1.9K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹2.3K Cr | Sep 2025 ₹2.1K Cr | Dec 2025 ₹2.0K Cr | Mar 2026 ₹1.7K Cr | Jun 2026 —
- KSCL: Sep 2021 ₹148 Cr | Dec 2021 ₹126 Cr | Mar 2022 ₹67 Cr | Jun 2022 ₹686 Cr | Sep 2022 ₹167 Cr | Dec 2022 ₹144 Cr | Mar 2023 ₹74 Cr | Jun 2023 ₹736 Cr | Sep 2023 ₹171 Cr | Dec 2023 ₹143 Cr | Mar 2024 ₹98 Cr | Jun 2024 ₹803 Cr | Sep 2024 ₹137 Cr | Dec 2024 ₹174 Cr | Mar 2025 ₹90 Cr | Jun 2025 ₹859 Cr | Sep 2025 ₹219 Cr | Dec 2025 ₹210 Cr | Mar 2026 ₹107 Cr | Jun 2026 —
- INDIQUBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹242 Cr | Sep 2024 ₹252 Cr | Dec 2024 ₹268 Cr | Mar 2025 ₹297 Cr | Jun 2025 ₹309 Cr | Sep 2025 ₹350 Cr | Dec 2025 ₹390 Cr | Mar 2026 ₹401 Cr | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹199 Cr | Sep 2022 ₹199 Cr | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹197 Cr | Sep 2024 ₹388 Cr | Dec 2024 ₹415 Cr | Mar 2025 ₹907 Cr | Jun 2025 ₹304 Cr | Sep 2025 ₹115 Cr | Dec 2025 ₹713 Cr | Mar 2026 ₹596 Cr | Jun 2026 —
- ANZEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹37 Cr | Mar 2023 ₹63 Cr | Jun 2023 ₹63 Cr | Sep 2023 ₹63 Cr | Dec 2023 ₹63 Cr | Mar 2024 ₹62 Cr | Jun 2024 ₹63 Cr | Sep 2024 ₹63 Cr | Dec 2024 ₹63 Cr | Mar 2025 ₹77 Cr | Jun 2025 ₹110 Cr | Sep 2025 ₹101 Cr | Dec 2025 ₹104 Cr | Mar 2026 ₹155 Cr | Jun 2026 —
- EVEREADY: Sep 2021 ₹357 Cr | Dec 2021 ₹326 Cr | Mar 2022 ₹241 Cr | Jun 2022 ₹335 Cr | Sep 2022 ₹376 Cr | Dec 2022 ₹330 Cr | Mar 2023 ₹286 Cr | Jun 2023 ₹364 Cr | Sep 2023 ₹365 Cr | Dec 2023 ₹305 Cr | Mar 2024 ₹281 Cr | Jun 2024 ₹349 Cr | Sep 2024 ₹363 Cr | Dec 2024 ₹334 Cr | Mar 2025 ₹299 Cr | Jun 2025 ₹374 Cr | Sep 2025 ₹387 Cr | Dec 2025 ₹367 Cr | Mar 2026 ₹327 Cr | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹4 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹5 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹6 Cr | Jun 2026 —
- JAICORPLTD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹145 Cr | Dec 2022 ₹130 Cr | Mar 2023 ₹125 Cr | Jun 2023 ₹116 Cr | Sep 2023 ₹118 Cr | Dec 2023 ₹107 Cr | Mar 2024 ₹123 Cr | Jun 2024 ₹121 Cr | Sep 2024 ₹135 Cr | Dec 2024 ₹126 Cr | Mar 2025 ₹135 Cr | Jun 2025 ₹131 Cr | Sep 2025 ₹146 Cr | Dec 2025 ₹116 Cr | Mar 2026 ₹121 Cr | Jun 2026 —
- DELTACORP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹273 Cr | Mar 2023 ₹214 Cr | Jun 2023 ₹273 Cr | Sep 2023 ₹261 Cr | Dec 2023 ₹210 Cr | Mar 2024 ₹185 Cr | Jun 2024 ₹178 Cr | Sep 2024 ₹188 Cr | Dec 2024 ₹187 Cr | Mar 2025 ₹183 Cr | Jun 2025 ₹184 Cr | Sep 2025 ₹183 Cr | Dec 2025 ₹160 Cr | Mar 2026 ₹161 Cr | Jun 2026 —
- AEROENTER: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹116 Cr | Mar 2023 ₹107 Cr | Jun 2023 ₹130 Cr | Sep 2023 ₹137 Cr | Dec 2023 ₹118 Cr | Mar 2024 ₹115 Cr | Jun 2024 ₹123 Cr | Sep 2024 ₹138 Cr | Dec 2024 ₹157 Cr | Mar 2025 ₹161 Cr | Jun 2025 ₹134 Cr | Sep 2025 ₹172 Cr | Dec 2025 ₹191 Cr | Mar 2026 ₹200 Cr | Jun 2026 —
- TCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹28 Cr | Dec 2023 ₹29 Cr | Mar 2024 ₹13 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹17 Cr | Dec 2024 ₹22 Cr | Mar 2025 ₹32 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹27 Cr | Dec 2025 ₹46 Cr | Mar 2026 ₹84 Cr | Jun 2026 —
- GULPOLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹276 Cr | Dec 2022 ₹332 Cr | Mar 2023 ₹302 Cr | Jun 2023 ₹293 Cr | Sep 2023 ₹308 Cr | Dec 2023 ₹371 Cr | Mar 2024 ₹406 Cr | Jun 2024 ₹455 Cr | Sep 2024 ₹440 Cr | Dec 2024 ₹610 Cr | Mar 2025 ₹515 Cr | Jun 2025 ₹593 Cr | Sep 2025 ₹542 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 —
- UNITECH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹92 Cr | Mar 2023 ₹97 Cr | Jun 2023 ₹84 Cr | Sep 2023 ₹76 Cr | Dec 2023 ₹61 Cr | Mar 2024 ₹256 Cr | Jun 2024 ₹74 Cr | Sep 2024 ₹73 Cr | Dec 2024 ₹74 Cr | Mar 2025 ₹101 Cr | Jun 2025 ₹105 Cr | Sep 2025 ₹136 Cr | Dec 2025 ₹141 Cr | Mar 2026 ₹130 Cr | Jun 2026 —
- JINDALPHOT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹8 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹19 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- GKWLIMITED: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹6 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹10 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹15 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹-4 Cr | Jun 2026 —
- SVLL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 ₹56 Cr | Dec 2025 ₹56 Cr | Mar 2026 ₹62 Cr | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹97 Cr | Jun 2023 ₹96 Cr | Sep 2023 ₹110 Cr | Dec 2023 ₹107 Cr | Mar 2024 ₹119 Cr | Jun 2024 ₹101 Cr | Sep 2024 ₹103 Cr | Dec 2024 ₹110 Cr | Mar 2025 ₹113 Cr | Jun 2025 ₹109 Cr | Sep 2025 ₹105 Cr | Dec 2025 ₹104 Cr | Mar 2026 ₹101 Cr | Jun 2026 —
- PARIN: Sep 2021 ₹23 Cr | Dec 2021 — | Mar 2022 ₹53 Cr | Jun 2022 — | Sep 2022 ₹22 Cr | Dec 2022 — | Mar 2023 ₹59 Cr | Jun 2023 — | Sep 2023 ₹48 Cr | Dec 2023 — | Mar 2024 ₹34 Cr | Jun 2024 — | Sep 2024 ₹37 Cr | Dec 2024 — | Mar 2025 ₹131 Cr | Jun 2025 — | Sep 2025 ₹109 Cr | Dec 2025 — | Mar 2026 ₹139 Cr | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹84 Cr | Dec 2024 — | Mar 2025 ₹110 Cr | Jun 2025 — | Sep 2025 ₹138 Cr | Dec 2025 — | Mar 2026 ₹181 Cr | Jun 2026 —
- PROZONER: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹62 Cr | Mar 2023 ₹56 Cr | Jun 2023 ₹54 Cr | Sep 2023 ₹38 Cr | Dec 2023 ₹41 Cr | Mar 2024 ₹52 Cr | Jun 2024 ₹32 Cr | Sep 2024 ₹49 Cr | Dec 2024 ₹45 Cr | Mar 2025 ₹53 Cr | Jun 2025 ₹38 Cr | Sep 2025 ₹46 Cr | Dec 2025 ₹58 Cr | Mar 2026 ₹53 Cr | Jun 2026 —
- TAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹43 Cr | Dec 2022 ₹51 Cr | Mar 2023 ₹38 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 — | Jun 2026 —
- SABTNL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹4 Cr | Jun 2026 —
- RAMANEWS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹13 Cr | Mar 2023 ₹13 Cr | Jun 2023 ₹12 Cr | Sep 2023 ₹9 Cr | Dec 2023 ₹13 Cr | Mar 2024 ₹13 Cr | Jun 2024 ₹11 Cr | Sep 2024 ₹9 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹9 Cr | Mar 2026 — | Jun 2026 —
- GLOBAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹11 Cr | Mar 2023 ₹22 Cr | Jun 2023 ₹15 Cr | Sep 2023 ₹23 Cr | Dec 2023 ₹19 Cr | Mar 2024 ₹18 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹25 Cr | Dec 2024 ₹17 Cr | Mar 2025 ₹16 Cr | Jun 2025 ₹15 Cr | Sep 2025 ₹26 Cr | Dec 2025 ₹29 Cr | Mar 2026 ₹24 Cr | Jun 2026 —
- RKSWAMY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹83 Cr | Jun 2023 ₹61 Cr | Sep 2023 ₹80 Cr | Dec 2023 ₹72 Cr | Mar 2024 ₹118 Cr | Jun 2024 ₹68 Cr | Sep 2024 ₹66 Cr | Dec 2024 ₹77 Cr | Mar 2025 ₹84 Cr | Jun 2025 ₹78 Cr | Sep 2025 ₹74 Cr | Dec 2025 ₹89 Cr | Mar 2026 ₹101 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- 512062: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -100% | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- 526530: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -69% | Jun 2025 3.4% | Sep 2025 24% | Dec 2025 21% | Mar 2026 15% | Jun 2026 —
- 543624: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -21% | Jun 2023 — | Sep 2023 80% | Dec 2023 — | Mar 2024 182% | Jun 2024 — | Sep 2024 -26% | Dec 2024 — | Mar 2025 -99% | Jun 2025 — | Sep 2025 -99% | Dec 2025 — | Mar 2026 -40% | Jun 2026 —
- 543895: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 200% | Jun 2023 — | Sep 2023 62% | Dec 2023 — | Mar 2024 37% | Jun 2024 — | Sep 2024 34% | Dec 2024 — | Mar 2025 98% | Jun 2025 — | Sep 2025 63% | Dec 2025 — | Mar 2026 23% | Jun 2026 —
- GMRAIRPORT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -19% | Sep 2022 -23% | Dec 2022 29% | Mar 2023 47% | Jun 2023 40% | Sep 2023 30% | Dec 2023 26% | Mar 2024 29% | Jun 2024 19% | Sep 2024 21% | Dec 2024 19% | Mar 2025 17% | Jun 2025 33% | Sep 2025 47% | Dec 2025 51% | Mar 2026 38% | Jun 2026 —
- AEGISVOPAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 6.5% | Sep 2025 26% | Dec 2025 48% | Mar 2026 22% | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 9.6% | Sep 2024 21% | Dec 2024 15% | Mar 2025 22% | Jun 2025 26% | Sep 2025 25% | Dec 2025 36% | Mar 2026 29% | Jun 2026 28%
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 12% | Jun 2026 18%
- EMBDL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -24% | Mar 2024 252% | Jun 2024 150% | Sep 2024 395% | Dec 2024 222% | Mar 2025 134% | Jun 2025 39% | Sep 2025 3.8% | Dec 2025 -34% | Mar 2026 -62% | Jun 2026 —
- INOXGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -17% | Mar 2024 -8.8% | Jun 2024 -11% | Sep 2024 17% | Dec 2024 1.7% | Mar 2025 25% | Jun 2025 9.8% | Sep 2025 56% | Dec 2025 28% | Mar 2026 6.2% | Jun 2026 —
- RTNINDIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 9,117% | Jun 2023 84% | Sep 2023 37% | Dec 2023 63% | Mar 2024 17% | Jun 2024 97% | Sep 2024 12% | Dec 2024 2.2% | Mar 2025 16% | Jun 2025 -7.3% | Sep 2025 18% | Dec 2025 4.4% | Mar 2026 13% | Jun 2026 —
- KSCL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 8.9% | Sep 2022 13% | Dec 2022 14% | Mar 2023 10% | Jun 2023 7.3% | Sep 2023 2.4% | Dec 2023 -0.7% | Mar 2024 32% | Jun 2024 9.1% | Sep 2024 -20% | Dec 2024 22% | Mar 2025 -8.2% | Jun 2025 7.0% | Sep 2025 60% | Dec 2025 21% | Mar 2026 19% | Jun 2026 —
- INDIQUBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 28% | Sep 2025 39% | Dec 2025 46% | Mar 2026 35% | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 54% | Sep 2025 -70% | Dec 2025 72% | Mar 2026 -34% | Jun 2026 —
- ANZEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 70% | Mar 2024 -0.6% | Jun 2024 -0.4% | Sep 2024 0.8% | Dec 2024 0.6% | Mar 2025 23% | Jun 2025 76% | Sep 2025 59% | Dec 2025 64% | Mar 2026 102% | Jun 2026 —
- EVEREADY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 19% | Sep 2022 5.3% | Dec 2022 1.4% | Mar 2023 19% | Jun 2023 8.7% | Sep 2023 -2.9% | Dec 2023 -7.7% | Mar 2024 -1.8% | Jun 2024 -4.1% | Sep 2024 -0.6% | Dec 2024 9.5% | Mar 2025 6.4% | Jun 2025 7.2% | Sep 2025 6.6% | Dec 2025 9.9% | Mar 2026 9.4% | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 18% | Mar 2024 42% | Jun 2024 0.3% | Sep 2024 -21% | Dec 2024 26% | Mar 2025 23% | Jun 2025 64% | Sep 2025 54% | Dec 2025 -5.0% | Mar 2026 19% | Jun 2026 —
- JAICORPLTD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -19% | Dec 2023 -18% | Mar 2024 -1.6% | Jun 2024 4.3% | Sep 2024 14% | Dec 2024 18% | Mar 2025 9.8% | Jun 2025 8.3% | Sep 2025 8.2% | Dec 2025 -7.9% | Mar 2026 -10% | Jun 2026 —
- DELTACORP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -23% | Mar 2024 -14% | Jun 2024 -35% | Sep 2024 -28% | Dec 2024 -11% | Mar 2025 -1.1% | Jun 2025 3.4% | Sep 2025 -2.7% | Dec 2025 -14% | Mar 2026 -12% | Jun 2026 —
- AEROENTER: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 1.7% | Mar 2024 7.5% | Jun 2024 -5.4% | Sep 2024 0.7% | Dec 2024 33% | Mar 2025 40% | Jun 2025 8.9% | Sep 2025 25% | Dec 2025 22% | Mar 2026 24% | Jun 2026 —
- TCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 1,200% | Jun 2024 200% | Sep 2024 -39% | Dec 2024 -24% | Mar 2025 146% | Jun 2025 83% | Sep 2025 59% | Dec 2025 109% | Mar 2026 163% | Jun 2026 —
- GULPOLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 12% | Dec 2023 12% | Mar 2024 34% | Jun 2024 55% | Sep 2024 43% | Dec 2024 64% | Mar 2025 27% | Jun 2025 30% | Sep 2025 23% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- UNITECH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -34% | Mar 2024 164% | Jun 2024 -12% | Sep 2024 -4.0% | Dec 2024 21% | Mar 2025 -61% | Jun 2025 42% | Sep 2025 86% | Dec 2025 91% | Mar 2026 29% | Jun 2026 —
- JINDALPHOT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 144% | Jun 2024 40% | Sep 2024 80% | Dec 2024 12% | Mar 2025 -97% | Jun 2025 -14% | Sep 2025 1,251% | Dec 2025 33% | Mar 2026 -15% | Jun 2026 —
- GKWLIMITED: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 72% | Mar 2024 184% | Jun 2024 4.2% | Sep 2024 26% | Dec 2024 -87% | Mar 2025 -8.0% | Jun 2025 50% | Sep 2025 -25% | Dec 2025 647% | Mar 2026 -148% | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 23% | Jun 2024 5.0% | Sep 2024 -6.5% | Dec 2024 2.2% | Mar 2025 -5.4% | Jun 2025 7.9% | Sep 2025 2.3% | Dec 2025 -5.4% | Mar 2026 -10% | Jun 2026 —
- PARIN: Sep 2021 -45% | Dec 2021 — | Mar 2022 26% | Jun 2022 — | Sep 2022 -4.4% | Dec 2022 — | Mar 2023 11% | Jun 2023 — | Sep 2023 118% | Dec 2023 — | Mar 2024 -42% | Jun 2024 — | Sep 2024 -23% | Dec 2024 — | Mar 2025 285% | Jun 2025 — | Sep 2025 195% | Dec 2025 — | Mar 2026 6.1% | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 64% | Dec 2025 — | Mar 2026 65% | Jun 2026 —
- PROZONER: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -33% | Mar 2024 -7.3% | Jun 2024 -40% | Sep 2024 29% | Dec 2024 8.4% | Mar 2025 2.4% | Jun 2025 19% | Sep 2025 -5.5% | Dec 2025 30% | Mar 2026 -0.5% | Jun 2026 —
- TAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -100% | Dec 2023 -100% | Mar 2024 -100% | Jun 2024 -100% | Sep 2024 -100% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- SABTNL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -7.3% | Jun 2025 -97% | Sep 2025 242% | Dec 2025 110% | Mar 2026 179% | Jun 2026 —
- RAMANEWS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.0% | Mar 2024 0.0% | Jun 2024 -8.3% | Sep 2024 0.0% | Dec 2024 -7.7% | Mar 2025 -15% | Jun 2025 -18% | Sep 2025 -22% | Dec 2025 -25% | Mar 2026 — | Jun 2026 —
- GLOBAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 62% | Mar 2024 -16% | Jun 2024 -1.4% | Sep 2024 5.9% | Dec 2024 -9.7% | Mar 2025 -11% | Jun 2025 2.4% | Sep 2025 5.2% | Dec 2025 74% | Mar 2026 46% | Jun 2026 —
- RKSWAMY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 42% | Jun 2024 11% | Sep 2024 -18% | Dec 2024 6.9% | Mar 2025 -29% | Jun 2025 15% | Sep 2025 12% | Dec 2025 16% | Mar 2026 20% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Unitech Ltd leads opm at 184%; Take Solutions Ltd leads margin change at +2932.2 percentage points.

Investor read: Unitech Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Unitech Ltd · 184% | 143.7% versus #2 · Anzen India Energy Yield Plus Trust | 4/8 recent comparable periods | 33/36 companies · 501 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Unitech Ltd (UNITECH): 184%
2. Anzen India Energy Yield Plus Trust (ANZEN): 76%
3. Aegis Vopak Terminals Ltd (AEGISVOPAK): 74%
4. Indiqube Spaces Ltd (INDIQUBE): 62%
5. Maagh Advertising & Marketing Services Ltd (543624): 56%

### Margin change — fastest expanders
1. Take Solutions Ltd (TAKE): +2,932.2 pp
2. GKW Ltd (GKWLIMITED): +2,160.4 pp
3. Maagh Advertising & Marketing Services Ltd (543624): +275.6 pp
4. Prozone Realty Ltd (PROZONER): +23.0 pp
5. RattanIndia Enterprises Ltd (RTNINDIA): +19.0 pp

### 20-quarter OPM history
- 512062: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 25% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- 526530: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 10% | Dec 2022 -23% | Mar 2023 12% | Jun 2023 10% | Sep 2023 19% | Dec 2023 87% | Mar 2024 25% | Jun 2024 24% | Sep 2024 26% | Dec 2024 16% | Mar 2025 16% | Jun 2025 24% | Sep 2025 23% | Dec 2025 21% | Mar 2026 25% | Jun 2026 —
- 543624: Sep 2021 — | Dec 2021 — | Mar 2022 6.5% | Jun 2022 — | Sep 2022 7.1% | Dec 2022 — | Mar 2023 6.5% | Jun 2023 — | Sep 2023 10.0% | Dec 2023 — | Mar 2024 7.6% | Jun 2024 — | Sep 2024 9.4% | Dec 2024 9.4% | Mar 2025 -220% | Jun 2025 — | Sep 2025 -11% | Dec 2025 — | Mar 2026 56% | Jun 2026 —
- 543895: Sep 2021 — | Dec 2021 — | Mar 2022 39% | Jun 2022 — | Sep 2022 24% | Dec 2022 — | Mar 2023 20% | Jun 2023 — | Sep 2023 23% | Dec 2023 — | Mar 2024 21% | Jun 2024 — | Sep 2024 20% | Dec 2024 — | Mar 2025 28% | Jun 2025 — | Sep 2025 27% | Dec 2025 — | Mar 2026 28% | Jun 2026 —
- 544091: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 28% | Jun 2023 — | Sep 2023 30% | Dec 2023 — | Mar 2024 26% | Jun 2024 — | Sep 2024 21% | Dec 2024 — | Mar 2025 29% | Jun 2025 — | Sep 2025 21% | Dec 2025 — | Mar 2026 26% | Jun 2026 —
- GMRAIRPORT: Sep 2021 44% | Dec 2021 52% | Mar 2022 42% | Jun 2022 29% | Sep 2022 30% | Dec 2022 30% | Mar 2023 13% | Jun 2023 37% | Sep 2023 35% | Dec 2023 30% | Mar 2024 33% | Jun 2024 37% | Sep 2024 34% | Dec 2024 37% | Mar 2025 35% | Jun 2025 36% | Sep 2025 39% | Dec 2025 43% | Mar 2026 37% | Jun 2026 —
- AEGISVOPAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 74% | Sep 2024 74% | Dec 2024 73% | Mar 2025 72% | Jun 2025 73% | Sep 2025 73% | Dec 2025 75% | Mar 2026 74% | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 24% | Sep 2023 21% | Dec 2023 21% | Mar 2024 24% | Jun 2024 16% | Sep 2024 23% | Dec 2024 27% | Mar 2025 24% | Jun 2025 22% | Sep 2025 25% | Dec 2025 26% | Mar 2026 24% | Jun 2026 22%
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 45% | Jun 2025 22% | Sep 2025 — | Dec 2025 42% | Mar 2026 29% | Jun 2026 30%
- EMBDL: Sep 2021 6.4% | Dec 2021 -17% | Mar 2022 -3.2% | Jun 2022 -24% | Sep 2022 47% | Dec 2022 -185% | Mar 2023 -328% | Jun 2023 -29% | Sep 2023 -24% | Dec 2023 -33% | Mar 2024 2.0% | Jun 2024 -5.0% | Sep 2024 16% | Dec 2024 29% | Mar 2025 1.0% | Jun 2025 -2.0% | Sep 2025 -11% | Dec 2025 -71% | Mar 2026 -76% | Jun 2026 —
- INOXGREEN: Sep 2021 44% | Dec 2021 -15% | Mar 2022 22% | Jun 2022 28% | Sep 2022 29% | Dec 2022 22% | Mar 2023 11% | Jun 2023 40% | Sep 2023 27% | Dec 2023 33% | Mar 2024 22% | Jun 2024 33% | Sep 2024 34% | Dec 2024 26% | Mar 2025 -5.0% | Jun 2025 11% | Sep 2025 10% | Dec 2025 24% | Mar 2026 -4.0% | Jun 2026 —
- RTNINDIA: Sep 2021 -835% | Dec 2021 -816% | Mar 2022 -92% | Jun 2022 -31% | Sep 2022 0.9% | Dec 2022 -1.0% | Mar 2023 -10% | Jun 2023 0.0% | Sep 2023 14% | Dec 2023 13% | Mar 2024 -4.0% | Jun 2024 41% | Sep 2024 -13% | Dec 2024 -9.0% | Mar 2025 -25% | Jun 2025 26% | Sep 2025 -21% | Dec 2025 -8.0% | Mar 2026 -6.0% | Jun 2026 —
- KSCL: Sep 2021 4.4% | Dec 2021 5.9% | Mar 2022 -16% | Jun 2022 36% | Sep 2022 5.1% | Dec 2022 9.0% | Mar 2023 -23% | Jun 2023 38% | Sep 2023 7.0% | Dec 2023 6.0% | Mar 2024 -12% | Jun 2024 37% | Sep 2024 -1.0% | Dec 2024 8.0% | Mar 2025 -18% | Jun 2025 39% | Sep 2025 -3.0% | Dec 2025 10% | Mar 2026 -15% | Jun 2026 —
- INDIQUBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 59% | Sep 2024 57% | Dec 2024 59% | Mar 2025 57% | Jun 2025 61% | Sep 2025 59% | Dec 2025 61% | Mar 2026 62% | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 10% | Sep 2022 10% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 7.0% | Sep 2024 4.0% | Dec 2024 30% | Mar 2025 17% | Jun 2025 14% | Sep 2025 -4.0% | Dec 2025 19% | Mar 2026 20% | Jun 2026 —
- ANZEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 86% | Mar 2023 85% | Jun 2023 88% | Sep 2023 89% | Dec 2023 90% | Mar 2024 86% | Jun 2024 88% | Sep 2024 89% | Dec 2024 89% | Mar 2025 84% | Jun 2025 89% | Sep 2025 80% | Dec 2025 86% | Mar 2026 75% | Jun 2026 —
- EVEREADY: Sep 2021 16% | Dec 2021 12% | Mar 2022 -15% | Jun 2022 13% | Sep 2022 11% | Dec 2022 7.3% | Mar 2023 0.0% | Jun 2023 12% | Sep 2023 13% | Dec 2023 8.0% | Mar 2024 9.0% | Jun 2024 14% | Sep 2024 13% | Dec 2024 9.0% | Mar 2025 9.0% | Jun 2025 14% | Sep 2025 13% | Dec 2025 9.0% | Mar 2026 9.0% | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 -140% | Mar 2023 -226% | Jun 2023 -105% | Sep 2023 -158% | Dec 2023 -55% | Mar 2024 -295% | Jun 2024 -134% | Sep 2024 -75% | Dec 2024 -113% | Mar 2025 -65% | Jun 2025 -27% | Sep 2025 -243% | Dec 2025 -88% | Mar 2026 -350% | Jun 2026 —
- JAICORPLTD: Sep 2021 9.1% | Dec 2021 7.8% | Mar 2022 5.8% | Jun 2022 8.9% | Sep 2022 3.0% | Dec 2022 8.0% | Mar 2023 9.0% | Jun 2023 6.0% | Sep 2023 11% | Dec 2023 11% | Mar 2024 13% | Jun 2024 11% | Sep 2024 12% | Dec 2024 10% | Mar 2025 8.0% | Jun 2025 6.0% | Sep 2025 12% | Dec 2025 11% | Mar 2026 13% | Jun 2026 —
- DELTACORP: Sep 2021 -25% | Dec 2021 43% | Mar 2022 32% | Jun 2022 35% | Sep 2022 37% | Dec 2022 37% | Mar 2023 28% | Jun 2023 35% | Sep 2023 38% | Dec 2023 27% | Mar 2024 26% | Jun 2024 27% | Sep 2024 18% | Dec 2024 26% | Mar 2025 22% | Jun 2025 21% | Sep 2025 22% | Dec 2025 14% | Mar 2026 17% | Jun 2026 —
- AEROENTER: Sep 2021 17% | Dec 2021 19% | Mar 2022 15% | Jun 2022 14% | Sep 2022 12% | Dec 2022 11% | Mar 2023 10% | Jun 2023 16% | Sep 2023 14% | Dec 2023 13% | Mar 2024 15% | Jun 2024 17% | Sep 2024 18% | Dec 2024 18% | Mar 2025 17% | Jun 2025 14% | Sep 2025 17% | Dec 2025 20% | Mar 2026 18% | Jun 2026 —
- TCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 85% | Mar 2023 87% | Jun 2023 83% | Sep 2023 20% | Dec 2023 52% | Mar 2024 47% | Jun 2024 70% | Sep 2024 81% | Dec 2024 60% | Mar 2025 77% | Jun 2025 81% | Sep 2025 79% | Dec 2025 65% | Mar 2026 33% | Jun 2026 —
- GULPOLY: Sep 2021 17% | Dec 2021 12% | Mar 2022 8.5% | Jun 2022 7.9% | Sep 2022 7.0% | Dec 2022 7.0% | Mar 2023 8.0% | Jun 2023 4.0% | Sep 2023 5.0% | Dec 2023 3.0% | Mar 2024 5.0% | Jun 2024 5.0% | Sep 2024 4.0% | Dec 2024 4.0% | Mar 2025 6.0% | Jun 2025 6.0% | Sep 2025 8.0% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- UNITECH: Sep 2021 -16% | Dec 2021 -2.2% | Mar 2022 -2.3% | Jun 2022 9.3% | Sep 2022 -12% | Dec 2022 -2.0% | Mar 2023 -26% | Jun 2023 16% | Sep 2023 -9.0% | Dec 2023 -12% | Mar 2024 -300% | Jun 2024 -918% | Sep 2024 -331% | Dec 2024 -380% | Mar 2025 768% | Jun 2025 -9.0% | Sep 2025 2.0% | Dec 2025 -169% | Mar 2026 184% | Jun 2026 —
- JINDALPHOT: Sep 2021 -200% | Dec 2021 -550% | Mar 2022 -500% | Jun 2022 — | Sep 2022 -200% | Dec 2022 -267% | Mar 2023 98% | Jun 2023 73% | Sep 2023 69% | Dec 2023 79% | Mar 2024 100% | Jun 2024 84% | Sep 2024 90% | Dec 2024 73% | Mar 2025 83% | Jun 2025 83% | Sep 2025 99% | Dec 2025 — | Mar 2026 -933% | Jun 2026 —
- GKWLIMITED: Sep 2021 85% | Dec 2021 68% | Mar 2022 57% | Jun 2022 -744% | Sep 2022 87% | Dec 2022 70% | Mar 2023 28% | Jun 2023 54% | Sep 2023 82% | Dec 2023 79% | Mar 2024 -34% | Jun 2024 34% | Sep 2024 68% | Dec 2024 — | Mar 2025 73% | Jun 2025 86% | Sep 2025 -119% | Dec 2025 69% | Mar 2026 — | Jun 2026 —
- SVLL: Sep 2021 13% | Dec 2021 — | Mar 2022 11% | Jun 2022 25% | Sep 2022 11% | Dec 2022 23% | Mar 2023 30% | Jun 2023 26% | Sep 2023 25% | Dec 2023 30% | Mar 2024 25% | Jun 2024 27% | Sep 2024 24% | Dec 2024 27% | Mar 2025 26% | Jun 2025 25% | Sep 2025 24% | Dec 2025 23% | Mar 2026 29% | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 13% | Jun 2023 17% | Sep 2023 19% | Dec 2023 19% | Mar 2024 23% | Jun 2024 20% | Sep 2024 18% | Dec 2024 19% | Mar 2025 20% | Jun 2025 21% | Sep 2025 24% | Dec 2025 13% | Mar 2026 15% | Jun 2026 —
- PARIN: Sep 2021 6.0% | Dec 2021 — | Mar 2022 16% | Jun 2022 — | Sep 2022 12% | Dec 2022 — | Mar 2023 11% | Jun 2023 — | Sep 2023 10% | Dec 2023 — | Mar 2024 12% | Jun 2024 — | Sep 2024 11% | Dec 2024 — | Mar 2025 12% | Jun 2025 — | Sep 2025 8.0% | Dec 2025 — | Mar 2026 9.0% | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 10% | Dec 2024 — | Mar 2025 29% | Jun 2025 — | Sep 2025 23% | Dec 2025 — | Mar 2026 21% | Jun 2026 —
- PROZONER: Sep 2021 40% | Dec 2021 49% | Mar 2022 47% | Jun 2022 54% | Sep 2022 53% | Dec 2022 19% | Mar 2023 25% | Jun 2023 34% | Sep 2023 42% | Dec 2023 35% | Mar 2024 12% | Jun 2024 22% | Sep 2024 30% | Dec 2024 39% | Mar 2025 11% | Jun 2025 48% | Sep 2025 38% | Dec 2025 39% | Mar 2026 35% | Jun 2026 —
- TAKE: Sep 2021 12% | Dec 2021 -8.5% | Mar 2022 -68% | Jun 2022 -4.7% | Sep 2022 -61% | Dec 2022 -8.2% | Mar 2023 29% | Jun 2023 -55% | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 32% | Sep 2024 32% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- SABTNL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -165% | Jun 2024 13% | Sep 2024 17% | Dec 2024 4.2% | Mar 2025 7.9% | Jun 2025 — | Sep 2025 -17% | Dec 2025 37% | Mar 2026 2.6% | Jun 2026 —
- RAMANEWS: Sep 2021 -8.7% | Dec 2021 -5.0% | Mar 2022 13% | Jun 2022 7.1% | Sep 2022 0.8% | Dec 2022 14% | Mar 2023 12% | Jun 2023 8.0% | Sep 2023 2.0% | Dec 2023 22% | Mar 2024 19% | Jun 2024 16% | Sep 2024 16% | Dec 2024 16% | Mar 2025 16% | Jun 2025 11% | Sep 2025 3.0% | Dec 2025 8.0% | Mar 2026 — | Jun 2026 —
- GLOBAL: Sep 2021 — | Dec 2021 53% | Mar 2022 42% | Jun 2022 46% | Sep 2022 46% | Dec 2022 56% | Mar 2023 68% | Jun 2023 63% | Sep 2023 62% | Dec 2023 65% | Mar 2024 42% | Jun 2024 54% | Sep 2024 56% | Dec 2024 37% | Mar 2025 40% | Jun 2025 41% | Sep 2025 33% | Dec 2025 34% | Mar 2026 47% | Jun 2026 —
- RKSWAMY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 14% | Mar 2023 38% | Jun 2023 8.0% | Sep 2023 18% | Dec 2023 16% | Mar 2024 33% | Jun 2024 6.0% | Sep 2024 5.0% | Dec 2024 8.0% | Mar 2025 19% | Jun 2025 8.0% | Sep 2025 8.0% | Dec 2025 11% | Mar 2026 22% | Jun 2026 —

### 20-quarter Margin change history
- 526530: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 +9.4 pp | Dec 2023 +110.5 pp | Mar 2024 +13.0 pp | Jun 2024 +13.6 pp | Sep 2024 +7.1 pp | Dec 2024 −70.7 pp | Mar 2025 −8.6 pp | Jun 2025 −0.1 pp | Sep 2025 −3.7 pp | Dec 2025 +4.4 pp | Mar 2026 +8.4 pp | Jun 2026 —
- 543624: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.0 pp | Jun 2023 — | Sep 2023 +2.9 pp | Dec 2023 — | Mar 2024 +1.1 pp | Jun 2024 — | Sep 2024 −0.6 pp | Dec 2024 — | Mar 2025 −227.6 pp | Jun 2025 — | Sep 2025 −20.5 pp | Dec 2025 — | Mar 2026 +275.6 pp | Jun 2026 —
- 543895: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 −19.0 pp | Jun 2023 — | Sep 2023 −1.0 pp | Dec 2023 — | Mar 2024 +1.0 pp | Jun 2024 — | Sep 2024 −3.0 pp | Dec 2024 — | Mar 2025 +7.0 pp | Jun 2025 — | Sep 2025 +7.0 pp | Dec 2025 — | Mar 2026 0.0 pp | Jun 2026 —
- 544091: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 −1.8 pp | Jun 2024 — | Sep 2024 −8.6 pp | Dec 2024 — | Mar 2025 +3.1 pp | Jun 2025 — | Sep 2025 −0.4 pp | Dec 2025 — | Mar 2026 −3.0 pp | Jun 2026 —
- GMRAIRPORT: Sep 2021 +33.4 pp | Dec 2021 +132.4 pp | Mar 2022 +62.1 pp | Jun 2022 +8.1 pp | Sep 2022 −14.5 pp | Dec 2022 −22.5 pp | Mar 2023 −28.6 pp | Jun 2023 +7.5 pp | Sep 2023 +5.4 pp | Dec 2023 0.0 pp | Mar 2024 +20.0 pp | Jun 2024 0.0 pp | Sep 2024 −1.0 pp | Dec 2024 +7.0 pp | Mar 2025 +2.0 pp | Jun 2025 −1.0 pp | Sep 2025 +5.0 pp | Dec 2025 +6.0 pp | Mar 2026 +2.0 pp | Jun 2026 —
- AEGISVOPAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 −1.0 pp | Sep 2025 −1.0 pp | Dec 2025 +2.0 pp | Mar 2026 +2.0 pp | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 −8.0 pp | Sep 2024 +2.0 pp | Dec 2024 +6.0 pp | Mar 2025 0.0 pp | Jun 2025 +6.0 pp | Sep 2025 +2.0 pp | Dec 2025 −1.0 pp | Mar 2026 0.0 pp | Jun 2026 0.0 pp
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 −16.0 pp | Jun 2026 +8.0 pp
- EMBDL: Sep 2021 +212.1 pp | Dec 2021 −35.4 pp | Mar 2022 −23.1 pp | Jun 2022 −31.9 pp | Sep 2022 +40.5 pp | Dec 2022 −167.5 pp | Mar 2023 −324.8 pp | Jun 2023 −4.9 pp | Sep 2023 −70.9 pp | Dec 2023 +152.0 pp | Mar 2024 +330.0 pp | Jun 2024 +24.0 pp | Sep 2024 +40.0 pp | Dec 2024 +62.0 pp | Mar 2025 −1.0 pp | Jun 2025 +3.0 pp | Sep 2025 −27.0 pp | Dec 2025 −100.0 pp | Mar 2026 −77.0 pp | Jun 2026 —
- INOXGREEN: Sep 2021 +30.0 pp | Dec 2021 — | Mar 2022 −0.6 pp | Jun 2022 +0.3 pp | Sep 2022 −14.8 pp | Dec 2022 +37.2 pp | Mar 2023 −10.7 pp | Jun 2023 +11.6 pp | Sep 2023 −1.7 pp | Dec 2023 +11.0 pp | Mar 2024 +11.0 pp | Jun 2024 −7.0 pp | Sep 2024 +7.0 pp | Dec 2024 −7.0 pp | Mar 2025 −27.0 pp | Jun 2025 −22.0 pp | Sep 2025 −24.0 pp | Dec 2025 −2.0 pp | Mar 2026 +1.0 pp | Jun 2026 —
- RTNINDIA: Sep 2021 — | Dec 2021 — | Mar 2022 +837.6 pp | Jun 2022 +70.3 pp | Sep 2022 +836.1 pp | Dec 2022 +815.4 pp | Mar 2023 +82.4 pp | Jun 2023 +30.7 pp | Sep 2023 +13.1 pp | Dec 2023 +14.0 pp | Mar 2024 +6.0 pp | Jun 2024 +41.0 pp | Sep 2024 −27.0 pp | Dec 2024 −22.0 pp | Mar 2025 −21.0 pp | Jun 2025 −15.0 pp | Sep 2025 −8.0 pp | Dec 2025 +1.0 pp | Mar 2026 +19.0 pp | Jun 2026 —
- KSCL: Sep 2021 −8.1 pp | Dec 2021 −2.8 pp | Mar 2022 +8.3 pp | Jun 2022 +4.3 pp | Sep 2022 +0.8 pp | Dec 2022 +3.1 pp | Mar 2023 −6.6 pp | Jun 2023 +2.0 pp | Sep 2023 +1.9 pp | Dec 2023 −3.0 pp | Mar 2024 +11.0 pp | Jun 2024 −1.0 pp | Sep 2024 −8.0 pp | Dec 2024 +2.0 pp | Mar 2025 −6.0 pp | Jun 2025 +2.0 pp | Sep 2025 −2.0 pp | Dec 2025 +2.0 pp | Mar 2026 +3.0 pp | Jun 2026 —
- INDIQUBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 +2.0 pp | Sep 2025 +2.0 pp | Dec 2025 +2.0 pp | Mar 2026 +5.0 pp | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 +7.0 pp | Sep 2025 −8.0 pp | Dec 2025 −11.0 pp | Mar 2026 +3.0 pp | Jun 2026 —
- ANZEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 +3.6 pp | Mar 2024 +1.8 pp | Jun 2024 −0.4 pp | Sep 2024 −0.5 pp | Dec 2024 −1.1 pp | Mar 2025 −2.0 pp | Jun 2025 +1.9 pp | Sep 2025 −9.1 pp | Dec 2025 −2.4 pp | Mar 2026 −9.0 pp | Jun 2026 —
- EVEREADY: Sep 2021 −4.4 pp | Dec 2021 −7.2 pp | Mar 2022 −29.3 pp | Jun 2022 −8.0 pp | Sep 2022 −4.3 pp | Dec 2022 −5.2 pp | Mar 2023 +14.8 pp | Jun 2023 −0.6 pp | Sep 2023 +1.6 pp | Dec 2023 +0.8 pp | Mar 2024 +9.0 pp | Jun 2024 +2.0 pp | Sep 2024 0.0 pp | Dec 2024 +1.0 pp | Mar 2025 0.0 pp | Jun 2025 0.0 pp | Sep 2025 0.0 pp | Dec 2025 0.0 pp | Mar 2026 0.0 pp | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 +85.2 pp | Mar 2024 −69.3 pp | Jun 2024 −29.0 pp | Sep 2024 +82.7 pp | Dec 2024 −58.7 pp | Mar 2025 +230.0 pp | Jun 2025 +106.8 pp | Sep 2025 −167.1 pp | Dec 2025 +25.1 pp | Mar 2026 −284.4 pp | Jun 2026 —
- JAICORPLTD: Sep 2021 −2.8 pp | Dec 2021 −4.2 pp | Mar 2022 −7.1 pp | Jun 2022 +1.5 pp | Sep 2022 −6.1 pp | Dec 2022 +0.2 pp | Mar 2023 +3.2 pp | Jun 2023 −2.9 pp | Sep 2023 +8.0 pp | Dec 2023 +3.0 pp | Mar 2024 +4.0 pp | Jun 2024 +5.0 pp | Sep 2024 +1.0 pp | Dec 2024 −1.0 pp | Mar 2025 −5.0 pp | Jun 2025 −5.0 pp | Sep 2025 0.0 pp | Dec 2025 +1.0 pp | Mar 2026 +5.0 pp | Jun 2026 —
- DELTACORP: Sep 2021 +91.6 pp | Dec 2021 +33.5 pp | Mar 2022 −5.9 pp | Jun 2022 +71.6 pp | Sep 2022 +62.5 pp | Dec 2022 −6.2 pp | Mar 2023 −3.6 pp | Jun 2023 +0.0 pp | Sep 2023 +0.8 pp | Dec 2023 −10.0 pp | Mar 2024 −2.0 pp | Jun 2024 −8.0 pp | Sep 2024 −20.0 pp | Dec 2024 −1.0 pp | Mar 2025 −4.0 pp | Jun 2025 −6.0 pp | Sep 2025 +4.0 pp | Dec 2025 −12.0 pp | Mar 2026 −5.0 pp | Jun 2026 —
- AEROENTER: Sep 2021 +0.9 pp | Dec 2021 +4.8 pp | Mar 2022 +3.5 pp | Jun 2022 −3.7 pp | Sep 2022 −5.3 pp | Dec 2022 −8.1 pp | Mar 2023 −4.7 pp | Jun 2023 +2.5 pp | Sep 2023 +2.1 pp | Dec 2023 +2.0 pp | Mar 2024 +5.0 pp | Jun 2024 +1.0 pp | Sep 2024 +4.0 pp | Dec 2024 +5.0 pp | Mar 2025 +2.0 pp | Jun 2025 −3.0 pp | Sep 2025 −1.0 pp | Dec 2025 +2.0 pp | Mar 2026 +1.0 pp | Jun 2026 —
- TCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 −33.0 pp | Mar 2024 −40.0 pp | Jun 2024 −13.0 pp | Sep 2024 +61.0 pp | Dec 2024 +8.0 pp | Mar 2025 +30.0 pp | Jun 2025 +11.0 pp | Sep 2025 −2.0 pp | Dec 2025 +5.0 pp | Mar 2026 −44.0 pp | Jun 2026 —
- GULPOLY: Sep 2021 +0.3 pp | Dec 2021 −5.4 pp | Mar 2022 −10.2 pp | Jun 2022 −10.2 pp | Sep 2022 −9.9 pp | Dec 2022 −5.0 pp | Mar 2023 −0.5 pp | Jun 2023 −3.9 pp | Sep 2023 −2.0 pp | Dec 2023 −4.0 pp | Mar 2024 −3.0 pp | Jun 2024 +1.0 pp | Sep 2024 −1.0 pp | Dec 2024 +1.0 pp | Mar 2025 +1.0 pp | Jun 2025 +1.0 pp | Sep 2025 +4.0 pp | Dec 2025 — | Mar 2026 — | Jun 2026 —
- UNITECH: Sep 2021 +3.2 pp | Dec 2021 +3.9 pp | Mar 2022 +21.8 pp | Jun 2022 +12.7 pp | Sep 2022 +3.8 pp | Dec 2022 +0.2 pp | Mar 2023 −23.7 pp | Jun 2023 +6.7 pp | Sep 2023 +3.3 pp | Dec 2023 −10.0 pp | Mar 2024 −274.0 pp | Jun 2024 −934.0 pp | Sep 2024 −322.0 pp | Dec 2024 −368.0 pp | Mar 2025 +1,068.0 pp | Jun 2025 +909.0 pp | Sep 2025 +333.0 pp | Dec 2025 +211.0 pp | Mar 2026 −584.0 pp | Jun 2026 —
- JINDALPHOT: Sep 2021 +66.7 pp | Dec 2021 −490.0 pp | Mar 2022 −480.0 pp | Jun 2022 −1,200.0 pp | Sep 2022 0.0 pp | Dec 2022 +283.0 pp | Mar 2023 +598.5 pp | Jun 2023 +1,573.3 pp | Sep 2023 +268.9 pp | Dec 2023 +346.1 pp | Mar 2024 +1.1 pp | Jun 2024 +10.8 pp | Sep 2024 +21.2 pp | Dec 2024 −6.2 pp | Mar 2025 −16.2 pp | Jun 2025 −0.8 pp | Sep 2025 +8.7 pp | Dec 2025 −18,126.0 pp | Mar 2026 −1,015.9 pp | Jun 2026 —
- GKWLIMITED: Sep 2021 +14.5 pp | Dec 2021 −21.7 pp | Mar 2022 −17.3 pp | Jun 2022 −815.3 pp | Sep 2022 +2.1 pp | Dec 2022 +1.9 pp | Mar 2023 −28.9 pp | Jun 2023 +798.7 pp | Sep 2023 −4.9 pp | Dec 2023 +9.6 pp | Mar 2024 −61.7 pp | Jun 2024 −20.5 pp | Sep 2024 −14.1 pp | Dec 2024 −2,170.5 pp | Mar 2025 +106.5 pp | Jun 2025 +52.2 pp | Sep 2025 −187.1 pp | Dec 2025 +2,160.4 pp | Mar 2026 — | Jun 2026 —
- SVLL: Sep 2021 −1.4 pp | Dec 2021 — | Mar 2022 +0.4 pp | Jun 2022 — | Sep 2022 −2.0 pp | Dec 2022 — | Mar 2023 +19.2 pp | Jun 2023 +1.2 pp | Sep 2023 +13.8 pp | Dec 2023 +6.9 pp | Mar 2024 −4.7 pp | Jun 2024 +0.5 pp | Sep 2024 −1.4 pp | Dec 2024 −3.0 pp | Mar 2025 +1.2 pp | Jun 2025 −1.6 pp | Sep 2025 +0.8 pp | Dec 2025 −4.3 pp | Mar 2026 +2.6 pp | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 +9.5 pp | Jun 2024 +3.3 pp | Sep 2024 −1.2 pp | Dec 2024 −0.5 pp | Mar 2025 −2.6 pp | Jun 2025 +0.7 pp | Sep 2025 +5.6 pp | Dec 2025 −6.2 pp | Mar 2026 −5.2 pp | Jun 2026 —
- PARIN: Sep 2021 −7.0 pp | Dec 2021 — | Mar 2022 +1.0 pp | Jun 2022 — | Sep 2022 +6.0 pp | Dec 2022 — | Mar 2023 −5.0 pp | Jun 2023 — | Sep 2023 −2.0 pp | Dec 2023 — | Mar 2024 +1.0 pp | Jun 2024 — | Sep 2024 +1.0 pp | Dec 2024 — | Mar 2025 0.0 pp | Jun 2025 — | Sep 2025 −3.0 pp | Dec 2025 — | Mar 2026 −3.0 pp | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 +13.0 pp | Dec 2025 — | Mar 2026 −8.0 pp | Jun 2026 —
- PROZONER: Sep 2021 +80.0 pp | Dec 2021 +0.5 pp | Mar 2022 −16.3 pp | Jun 2022 +54.7 pp | Sep 2022 +12.5 pp | Dec 2022 −30.5 pp | Mar 2023 −21.3 pp | Jun 2023 −20.5 pp | Sep 2023 −11.2 pp | Dec 2023 +16.8 pp | Mar 2024 −13.6 pp | Jun 2024 −12.3 pp | Sep 2024 −11.6 pp | Dec 2024 +3.4 pp | Mar 2025 −0.4 pp | Jun 2025 +26.3 pp | Sep 2025 +7.9 pp | Dec 2025 +0.3 pp | Mar 2026 +23.0 pp | Jun 2026 —
- TAKE: Sep 2021 +57.2 pp | Dec 2021 −10.9 pp | Mar 2022 −87.2 pp | Jun 2022 −19.4 pp | Sep 2022 −73.1 pp | Dec 2022 +0.3 pp | Mar 2023 +97.4 pp | Jun 2023 −50.2 pp | Sep 2023 −2,839.1 pp | Dec 2023 −2,891.8 pp | Mar 2024 — | Jun 2024 +87.2 pp | Sep 2024 +2,932.2 pp | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- SABTNL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 +173.2 pp | Jun 2025 −2,313.0 pp | Sep 2025 −33.9 pp | Dec 2025 +32.9 pp | Mar 2026 −5.3 pp | Jun 2026 —
- RAMANEWS: Sep 2021 +42.3 pp | Dec 2021 +19.3 pp | Mar 2022 +1.4 pp | Jun 2022 +3.6 pp | Sep 2022 +9.5 pp | Dec 2022 +19.0 pp | Mar 2023 −0.5 pp | Jun 2023 +0.9 pp | Sep 2023 +1.2 pp | Dec 2023 +8.0 pp | Mar 2024 +7.0 pp | Jun 2024 +8.0 pp | Sep 2024 +14.0 pp | Dec 2024 −6.0 pp | Mar 2025 −3.0 pp | Jun 2025 −5.0 pp | Sep 2025 −13.0 pp | Dec 2025 −8.0 pp | Mar 2026 — | Jun 2026 —
- GLOBAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +3.3 pp | Mar 2023 +25.8 pp | Jun 2023 +17.6 pp | Sep 2023 +16.2 pp | Dec 2023 +8.6 pp | Mar 2024 −25.5 pp | Jun 2024 −9.4 pp | Sep 2024 −6.5 pp | Dec 2024 −27.4 pp | Mar 2025 −2.5 pp | Jun 2025 −13.2 pp | Sep 2025 −22.4 pp | Dec 2025 −3.5 pp | Mar 2026 +7.5 pp | Jun 2026 —
- RKSWAMY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 +1.9 pp | Mar 2024 −5.0 pp | Jun 2024 −2.0 pp | Sep 2024 −13.0 pp | Dec 2024 −8.0 pp | Mar 2025 −14.0 pp | Jun 2025 +2.0 pp | Sep 2025 +3.0 pp | Dec 2025 +3.0 pp | Mar 2026 +3.0 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Sagility Ltd leads with ₹994 crore of TTM profit, 110.6% above GMR Airports Ltd. Exhicon Events Media Solutions Ltd shows ≥100% on the scoring scale (216.7% uncapped) growth from a ₹76 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Sagility Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Sagility Ltd · ₹994 crore | 110.6% versus #2 · GMR Airports Ltd | 8/8 recent comparable periods | 31/36 companies · 445 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Sagility Ltd (SAGILITY): ₹994 Cr
2. GMR Airports Ltd (GMRAIRPORT): ₹472 Cr
3. Kaveri Seed Company Ltd (KSCL): ₹296 Cr
4. Aegis Vopak Terminals Ltd (AEGISVOPAK): ₹265 Cr
5. Eveready Industries India Ltd (EVEREADY): ₹171 Cr

### Profit growth — fastest growers
1. Exhicon Events Media Solutions Ltd (543895): 100%
2. Eveready Industries India Ltd (EVEREADY): 100%
3. Inox Green Energy Services Ltd (INOXGREEN): 100%
4. Jai Corp Ltd (JAICORPLTD): 100%
5. Parin Enterprises Ltd (PARIN): 100%

### 20-quarter Net profit history
- 512062: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹-0 Cr | Sep 2023 ₹-0 Cr | Dec 2023 ₹-0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹-0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹-0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹-0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹-0 Cr | Mar 2026 ₹-0 Cr | Jun 2026 —
- 526530: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹23 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹5 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹7 Cr | Jun 2026 —
- 543624: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 ₹1 Cr | Dec 2023 — | Mar 2024 ₹1 Cr | Jun 2024 — | Sep 2024 ₹1 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹-0 Cr | Jun 2025 — | Sep 2025 ₹-0 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —
- 543895: Sep 2021 — | Dec 2021 — | Mar 2022 ₹3 Cr | Jun 2022 — | Sep 2022 ₹5 Cr | Dec 2022 — | Mar 2023 ₹4 Cr | Jun 2023 — | Sep 2023 ₹8 Cr | Dec 2023 — | Mar 2024 ₹7 Cr | Jun 2024 — | Sep 2024 ₹11 Cr | Dec 2024 — | Mar 2025 ₹20 Cr | Jun 2025 — | Sep 2025 ₹22 Cr | Dec 2025 — | Mar 2026 ₹23 Cr | Jun 2026 —
- 544091: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 ₹5 Cr | Dec 2025 — | Mar 2026 ₹10 Cr | Jun 2026 —
- GMRAIRPORT: Sep 2021 ₹-169 Cr | Dec 2021 ₹-515 Cr | Mar 2022 ₹-129 Cr | Jun 2022 ₹-113 Cr | Sep 2022 ₹-195 Cr | Dec 2022 ₹105 Cr | Mar 2023 ₹-637 Cr | Jun 2023 ₹17 Cr | Sep 2023 ₹-190 Cr | Dec 2023 ₹-486 Cr | Mar 2024 ₹-168 Cr | Jun 2024 ₹-338 Cr | Sep 2024 ₹-429 Cr | Dec 2024 ₹202 Cr | Mar 2025 ₹-253 Cr | Jun 2025 ₹-137 Cr | Sep 2025 ₹35 Cr | Dec 2025 ₹174 Cr | Mar 2026 ₹400 Cr | Jun 2026 —
- AEGISVOPAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹26 Cr | Sep 2024 ₹22 Cr | Dec 2024 ₹38 Cr | Mar 2025 ₹64 Cr | Jun 2025 ₹48 Cr | Sep 2025 ₹54 Cr | Dec 2025 ₹89 Cr | Mar 2026 ₹74 Cr | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹42 Cr | Sep 2023 ₹35 Cr | Dec 2023 ₹71 Cr | Mar 2024 ₹80 Cr | Jun 2024 ₹22 Cr | Sep 2024 ₹117 Cr | Dec 2024 ₹217 Cr | Mar 2025 ₹183 Cr | Jun 2025 ₹149 Cr | Sep 2025 ₹251 Cr | Dec 2025 ₹268 Cr | Mar 2026 ₹258 Cr | Jun 2026 ₹217 Cr
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹277 Cr | Jun 2025 ₹76 Cr | Sep 2025 — | Dec 2025 ₹173 Cr | Mar 2026 ₹188 Cr | Jun 2026 ₹116 Cr
- EMBDL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-237 Cr | Mar 2023 ₹-376 Cr | Jun 2023 ₹-679 Cr | Sep 2023 ₹-18 Cr | Dec 2023 ₹-38 Cr | Mar 2024 ₹-99 Cr | Jun 2024 ₹121 Cr | Sep 2024 ₹-34 Cr | Dec 2024 ₹-27 Cr | Mar 2025 ₹123 Cr | Jun 2025 ₹-166 Cr | Sep 2025 ₹-153 Cr | Dec 2025 ₹-233 Cr | Mar 2026 ₹-323 Cr | Jun 2026 —
- INOXGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹5 Cr | Mar 2023 ₹-2 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹6 Cr | Dec 2023 ₹-1 Cr | Mar 2024 ₹21 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹6 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹28 Cr | Dec 2025 ₹25 Cr | Mar 2026 ₹28 Cr | Jun 2026 —
- RTNINDIA: Sep 2021 ₹-4 Cr | Dec 2021 ₹-6 Cr | Mar 2022 ₹565 Cr | Jun 2022 ₹-216 Cr | Sep 2022 ₹104 Cr | Dec 2022 ₹-35 Cr | Mar 2023 ₹-138 Cr | Jun 2023 ₹178 Cr | Sep 2023 ₹140 Cr | Dec 2023 ₹187 Cr | Mar 2024 ₹-82 Cr | Jun 2024 ₹851 Cr | Sep 2024 ₹-242 Cr | Dec 2024 ₹-170 Cr | Mar 2025 ₹-359 Cr | Jun 2025 ₹502 Cr | Sep 2025 ₹-397 Cr | Dec 2025 ₹-162 Cr | Mar 2026 ₹-110 Cr | Jun 2026 —
- KSCL: Sep 2021 ₹13 Cr | Dec 2021 ₹8 Cr | Mar 2022 ₹-12 Cr | Jun 2022 ₹244 Cr | Sep 2022 ₹5 Cr | Dec 2022 ₹38 Cr | Mar 2023 ₹-16 Cr | Jun 2023 ₹275 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹291 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹-23 Cr | Jun 2025 ₹327 Cr | Sep 2025 ₹-16 Cr | Dec 2025 ₹13 Cr | Mar 2026 ₹-28 Cr | Jun 2026 —
- INDIQUBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹-42 Cr | Sep 2024 ₹-53 Cr | Dec 2024 ₹-14 Cr | Mar 2025 ₹-31 Cr | Jun 2025 ₹-37 Cr | Sep 2025 ₹-30 Cr | Dec 2025 ₹-17 Cr | Mar 2026 ₹-23 Cr | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹7 Cr | Sep 2022 ₹7 Cr | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹-22 Cr | Sep 2024 ₹-19 Cr | Dec 2024 ₹75 Cr | Mar 2025 ₹112 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹-38 Cr | Dec 2025 ₹69 Cr | Mar 2026 ₹61 Cr | Jun 2026 —
- ANZEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-23 Cr | Mar 2023 ₹-9 Cr | Jun 2023 ₹-7 Cr | Sep 2023 ₹-7 Cr | Dec 2023 ₹-7 Cr | Mar 2024 ₹-9 Cr | Jun 2024 ₹-2 Cr | Sep 2024 ₹-3 Cr | Dec 2024 ₹-3 Cr | Mar 2025 ₹-8 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹-8 Cr | Dec 2025 ₹-4 Cr | Mar 2026 ₹4 Cr | Jun 2026 —
- EVEREADY: Sep 2021 ₹31 Cr | Dec 2021 ₹24 Cr | Mar 2022 ₹-38 Cr | Jun 2022 ₹22 Cr | Sep 2022 ₹15 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹-14 Cr | Jun 2023 ₹25 Cr | Sep 2023 ₹25 Cr | Dec 2023 ₹8 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹29 Cr | Sep 2024 ₹30 Cr | Dec 2024 ₹13 Cr | Mar 2025 ₹10 Cr | Jun 2025 ₹30 Cr | Sep 2025 ₹-8 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹142 Cr | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹15 Cr | Mar 2023 ₹10 Cr | Jun 2023 ₹14 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹-224 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹-1 Cr | Jun 2026 —
- JAICORPLTD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹3 Cr | Dec 2022 ₹8 Cr | Mar 2023 ₹-39 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹12 Cr | Dec 2023 ₹12 Cr | Mar 2024 ₹23 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹17 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹23 Cr | Jun 2025 ₹104 Cr | Sep 2025 ₹27 Cr | Dec 2025 ₹17 Cr | Mar 2026 ₹21 Cr | Jun 2026 —
- DELTACORP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹85 Cr | Mar 2023 ₹51 Cr | Jun 2023 ₹68 Cr | Sep 2023 ₹69 Cr | Dec 2023 ₹35 Cr | Mar 2024 ₹72 Cr | Jun 2024 ₹22 Cr | Sep 2024 ₹27 Cr | Dec 2024 ₹36 Cr | Mar 2025 ₹165 Cr | Jun 2025 ₹29 Cr | Sep 2025 ₹25 Cr | Dec 2025 ₹14 Cr | Mar 2026 ₹16 Cr | Jun 2026 —
- AEROENTER: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹10 Cr | Mar 2023 ₹11 Cr | Jun 2023 ₹70 Cr | Sep 2023 ₹175 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹14 Cr | Jun 2024 ₹18 Cr | Sep 2024 ₹22 Cr | Dec 2024 ₹22 Cr | Mar 2025 ₹19 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹20 Cr | Dec 2025 ₹25 Cr | Mar 2026 ₹26 Cr | Jun 2026 —
- TCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹9 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹17 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹14 Cr | Mar 2026 ₹31 Cr | Jun 2026 —
- GULPOLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹9 Cr | Dec 2022 ₹12 Cr | Mar 2023 ₹14 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹10 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹13 Cr | Sep 2025 ₹16 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 —
- UNITECH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-663 Cr | Mar 2023 ₹-627 Cr | Jun 2023 ₹-703 Cr | Sep 2023 ₹-744 Cr | Dec 2023 ₹-788 Cr | Mar 2024 ₹-1.6K Cr | Jun 2024 ₹-1.2K Cr | Sep 2024 ₹-767 Cr | Dec 2024 ₹-717 Cr | Mar 2025 ₹-489 Cr | Jun 2025 ₹-739 Cr | Sep 2025 ₹-739 Cr | Dec 2025 ₹-975 Cr | Mar 2026 ₹-566 Cr | Jun 2026 —
- JINDALPHOT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹43 Cr | Mar 2023 ₹52 Cr | Jun 2023 ₹34 Cr | Sep 2023 ₹46 Cr | Dec 2023 ₹90 Cr | Mar 2024 ₹96 Cr | Jun 2024 ₹47 Cr | Sep 2024 ₹125 Cr | Dec 2024 ₹25 Cr | Mar 2025 ₹29 Cr | Jun 2025 ₹52 Cr | Sep 2025 ₹47 Cr | Dec 2025 ₹-117 Cr | Mar 2026 ₹-6 Cr | Jun 2026 —
- GKWLIMITED: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹3 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹7 Cr | Dec 2023 ₹6 Cr | Mar 2024 ₹-4 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹-31 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹-16 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹-6 Cr | Jun 2026 —
- SVLL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 ₹1 Cr | Dec 2025 ₹-1 Cr | Mar 2026 ₹4 Cr | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹5 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹9 Cr | Dec 2023 ₹6 Cr | Mar 2024 ₹10 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹6 Cr | Dec 2024 ₹9 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹-0 Cr | Mar 2026 ₹-1 Cr | Jun 2026 —
- PARIN: Sep 2021 ₹0 Cr | Dec 2021 — | Mar 2022 ₹4 Cr | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 — | Mar 2023 ₹3 Cr | Jun 2023 — | Sep 2023 ₹1 Cr | Dec 2023 — | Mar 2024 ₹1 Cr | Jun 2024 — | Sep 2024 ₹1 Cr | Dec 2024 — | Mar 2025 ₹6 Cr | Jun 2025 — | Sep 2025 ₹3 Cr | Dec 2025 — | Mar 2026 ₹4 Cr | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹5 Cr | Dec 2024 — | Mar 2025 ₹23 Cr | Jun 2025 — | Sep 2025 ₹24 Cr | Dec 2025 — | Mar 2026 ₹37 Cr | Jun 2026 —
- PROZONER: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹13 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹13 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹-1 Cr | Mar 2024 ₹-13 Cr | Jun 2024 ₹-6 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹-53 Cr | Jun 2025 ₹4 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹4 Cr | Jun 2026 —
- TAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹-8 Cr | Dec 2022 ₹-10 Cr | Mar 2023 ₹-56 Cr | Jun 2023 ₹-5 Cr | Sep 2023 ₹-2 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹-111 Cr | Jun 2024 ₹-4 Cr | Sep 2024 ₹-2 Cr | Dec 2024 ₹48 Cr | Mar 2025 ₹-5 Cr | Jun 2025 ₹-1 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹1 Cr | Mar 2026 — | Jun 2026 —
- SABTNL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹-5 Cr | Dec 2022 ₹-5 Cr | Mar 2023 ₹-5 Cr | Jun 2023 ₹-5 Cr | Sep 2023 ₹-5 Cr | Dec 2023 ₹-5 Cr | Mar 2024 ₹-6 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹-23 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹-2 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹-8 Cr | Jun 2026 —
- RAMANEWS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-7 Cr | Mar 2023 ₹-100 Cr | Jun 2023 ₹-11 Cr | Sep 2023 ₹-13 Cr | Dec 2023 ₹-10 Cr | Mar 2024 ₹-15 Cr | Jun 2024 ₹-10 Cr | Sep 2024 ₹-10 Cr | Dec 2024 ₹-81 Cr | Mar 2025 ₹-5 Cr | Jun 2025 ₹-10 Cr | Sep 2025 ₹-10 Cr | Dec 2025 ₹-10 Cr | Mar 2026 — | Jun 2026 —
- GLOBAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹4 Cr | Mar 2023 ₹10 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹9 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹11 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹4 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹8 Cr | Jun 2026 —
- RKSWAMY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹21 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹7 Cr | Dec 2023 ₹6 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹12 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹16 Cr | Jun 2026 —

### 20-quarter Profit growth history
- 512062: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 650% | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 133% | Jun 2025 — | Sep 2025 -83% | Dec 2025 — | Mar 2026 -140% | Jun 2026 —
- 526530: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -91% | Jun 2025 -16% | Sep 2025 -30% | Dec 2025 54% | Mar 2026 244% | Jun 2026 —
- 543624: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -23% | Jun 2023 — | Sep 2023 285% | Dec 2023 — | Mar 2024 408% | Jun 2024 — | Sep 2024 -33% | Dec 2024 — | Mar 2025 -134% | Jun 2025 — | Sep 2025 -119% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- 543895: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 33% | Jun 2023 — | Sep 2023 60% | Dec 2023 — | Mar 2024 75% | Jun 2024 — | Sep 2024 38% | Dec 2024 — | Mar 2025 186% | Jun 2025 — | Sep 2025 100% | Dec 2025 — | Mar 2026 15% | Jun 2026 —
- GMRAIRPORT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -563% | Mar 2024 — | Jun 2024 -2,088% | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 -14% | Mar 2026 — | Jun 2026 —
- AEGISVOPAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 85% | Sep 2025 145% | Dec 2025 134% | Mar 2026 16% | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 -48% | Sep 2024 234% | Dec 2024 206% | Mar 2025 129% | Jun 2025 577% | Sep 2025 115% | Dec 2025 24% | Mar 2026 41% | Jun 2026 46%
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 -32% | Jun 2026 53%
- EMBDL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -237% | Sep 2025 — | Dec 2025 — | Mar 2026 -363% | Jun 2026 —
- INOXGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -120% | Mar 2024 — | Jun 2024 33% | Sep 2024 0.0% | Dec 2024 — | Mar 2025 -71% | Jun 2025 450% | Sep 2025 367% | Dec 2025 400% | Mar 2026 367% | Jun 2026 —
- RTNINDIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -124% | Jun 2023 — | Sep 2023 35% | Dec 2023 — | Mar 2024 — | Jun 2024 378% | Sep 2024 -273% | Dec 2024 -191% | Mar 2025 — | Jun 2025 -41% | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- KSCL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 20% | Sep 2022 -62% | Dec 2022 375% | Mar 2023 — | Jun 2023 13% | Sep 2023 180% | Dec 2023 -71% | Mar 2024 — | Jun 2024 5.8% | Sep 2024 -107% | Dec 2024 36% | Mar 2025 — | Jun 2025 12% | Sep 2025 — | Dec 2025 -13% | Mar 2026 — | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 -8.0% | Mar 2026 -46% | Jun 2026 —
- EVEREADY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -27% | Sep 2022 -52% | Dec 2022 -77% | Mar 2023 — | Jun 2023 14% | Sep 2023 67% | Dec 2023 47% | Mar 2024 — | Jun 2024 16% | Sep 2024 20% | Dec 2024 63% | Mar 2025 25% | Jun 2025 3.5% | Sep 2025 -127% | Dec 2025 -46% | Mar 2026 1,320% | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.9% | Mar 2024 -20% | Jun 2024 -17% | Sep 2024 34% | Dec 2024 -33% | Mar 2025 -2,797% | Jun 2025 20% | Sep 2025 -67% | Dec 2025 9.9% | Mar 2026 — | Jun 2026 —
- JAICORPLTD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 300% | Dec 2023 50% | Mar 2024 — | Jun 2024 133% | Sep 2024 42% | Dec 2024 0.0% | Mar 2025 0.0% | Jun 2025 643% | Sep 2025 59% | Dec 2025 42% | Mar 2026 -8.7% | Jun 2026 —
- DELTACORP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -59% | Mar 2024 41% | Jun 2024 -68% | Sep 2024 -61% | Dec 2024 2.9% | Mar 2025 129% | Jun 2025 32% | Sep 2025 -7.4% | Dec 2025 -61% | Mar 2026 -90% | Jun 2026 —
- AEROENTER: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 50% | Mar 2024 27% | Jun 2024 -74% | Sep 2024 -87% | Dec 2024 47% | Mar 2025 36% | Jun 2025 -22% | Sep 2025 -9.1% | Dec 2025 14% | Mar 2026 37% | Jun 2026 —
- TCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 400% | Jun 2024 67% | Sep 2024 350% | Dec 2024 -9.1% | Mar 2025 240% | Jun 2025 80% | Sep 2025 11% | Dec 2025 40% | Mar 2026 82% | Jun 2026 —
- GULPOLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -78% | Dec 2023 -58% | Mar 2024 -50% | Jun 2024 150% | Sep 2024 -50% | Dec 2024 40% | Mar 2025 0.0% | Jun 2025 30% | Sep 2025 1,500% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- JINDALPHOT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 109% | Mar 2024 85% | Jun 2024 41% | Sep 2024 172% | Dec 2024 -73% | Mar 2025 -70% | Jun 2025 10% | Sep 2025 -62% | Dec 2025 -575% | Mar 2026 -119% | Jun 2026 —
- GKWLIMITED: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 114% | Mar 2024 -2,040% | Jun 2024 -47% | Sep 2024 -5.6% | Dec 2024 -587% | Mar 2025 — | Jun 2025 511% | Sep 2025 -333% | Dec 2025 — | Mar 2026 -248% | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 91% | Jun 2024 8.6% | Sep 2024 -34% | Dec 2024 39% | Mar 2025 4.9% | Jun 2025 105% | Sep 2025 5.3% | Dec 2025 -102% | Mar 2026 -106% | Jun 2026 —
- PARIN: Sep 2021 -100% | Dec 2021 — | Mar 2022 100% | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -25% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -67% | Jun 2024 — | Sep 2024 0.0% | Dec 2024 — | Mar 2025 500% | Jun 2025 — | Sep 2025 200% | Dec 2025 — | Mar 2026 -33% | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 380% | Dec 2025 — | Mar 2026 61% | Jun 2026 —
- PROZONER: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -104% | Mar 2024 -333% | Jun 2024 -144% | Sep 2024 -89% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 777% | Dec 2025 75% | Mar 2026 — | Jun 2026 —
- TAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 -98% | Mar 2026 — | Jun 2026 —
- SABTNL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -3,167% | Sep 2025 8,200% | Dec 2025 — | Mar 2026 -6,758% | Jun 2026 —
- GLOBAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 119% | Mar 2024 -47% | Jun 2024 -17% | Sep 2024 -2.6% | Dec 2024 -34% | Mar 2025 -19% | Jun 2025 -40% | Sep 2025 -31% | Dec 2025 10% | Mar 2026 93% | Jun 2026 —
- RKSWAMY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 24% | Jun 2024 100% | Sep 2024 -86% | Dec 2024 -33% | Mar 2025 -54% | Jun 2025 50% | Sep 2025 0.0% | Dec 2025 -25% | Mar 2026 33% | Jun 2026 —

## Capacity Spending & Returns On It

What the numbers say: TruAlt Bioenergy Ltd reports ₹78 crore of CAPEX; TruAlt Bioenergy Ltd has the highest covered intensity at 39.2%. Coverage is only 7 of 36 companies and 25 reported observations, so this is partial evidence—not a complete sector rank.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: TruAlt Bioenergy Ltd · ₹78 crore | 85.7% versus #2 · Sagility Ltd | 2/2 recent comparable periods | 7/36 companies · 25 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders
1. TruAlt Bioenergy Ltd (TRUALT): ₹78 Cr
2. Sagility Ltd (SAGILITY): ₹42 Cr
3. Central Mine Planning & Design Institute Ltd (CMPDI): ₹27 Cr
4. Stanley Lifestyles Ltd (STANLEY): ₹12 Cr
5. Parin Enterprises Ltd (PARIN): ₹3 Cr

### CAPEX intensity — highest reinvestment intensity
1. TruAlt Bioenergy Ltd (TRUALT): 39%
2. Stanley Lifestyles Ltd (STANLEY): 10%
3. Central Mine Planning & Design Institute Ltd (CMPDI): 3.3%
4. Sagility Ltd (SAGILITY): 3.2%
5. Parin Enterprises Ltd (PARIN): 2.2%

### 20-quarter CAPEX history
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹60 Cr | Sep 2023 ₹35 Cr | Dec 2023 — | Mar 2024 — | Jun 2024 ₹27 Cr | Sep 2024 ₹42 Cr | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹14 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹27 Cr | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹78 Cr | Sep 2022 ₹78 Cr | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- SVLL: Sep 2021 ₹4 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹2 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 ₹23 Cr | Mar 2024 ₹12 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- PARIN: Sep 2021 ₹1 Cr | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 ₹1 Cr | Dec 2023 — | Mar 2024 ₹2 Cr | Jun 2024 — | Sep 2024 ₹8 Cr | Dec 2024 — | Mar 2025 ₹16 Cr | Jun 2025 — | Sep 2025 ₹1 Cr | Dec 2025 — | Mar 2026 ₹3 Cr | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 ₹2 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —

### 20-quarter CAPEX intensity history
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 5.4% | Sep 2023 3.2% | Dec 2023 — | Mar 2024 — | Jun 2024 2.2% | Sep 2024 3.2% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 1.9% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 3.3% | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 39% | Sep 2022 39% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 21% | Mar 2024 10% | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- PARIN: Sep 2021 4.3% | Dec 2021 — | Mar 2022 0.0% | Jun 2022 — | Sep 2022 0.0% | Dec 2022 — | Mar 2023 0.0% | Jun 2023 — | Sep 2023 2.1% | Dec 2023 — | Mar 2024 5.9% | Jun 2024 — | Sep 2024 22% | Dec 2024 — | Mar 2025 12% | Jun 2025 — | Sep 2025 0.9% | Dec 2025 — | Mar 2026 2.2% | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 1.4% | Dec 2025 — | Mar 2026 0.0% | Jun 2026 —

## Debt Load & Balance-Sheet Headroom

What the numbers say: Central Mine Planning & Design Institute Ltd has the clearest covered balance-sheet capacity with ₹1,429 crore net cash and gross debt of ₹1 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Tandhan Industries Ltd · ₹0 crore | null versus #2 · Maagh Advertising & Marketing Services Ltd | Not enough history | 36/36 companies · 403 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Tandhan Industries Ltd (512062): ₹0 Cr
2. Maagh Advertising & Marketing Services Ltd (543624): ₹0 Cr
3. Global Education Ltd (GLOBAL): ₹0 Cr
4. Jai Corp Ltd (JAICORPLTD): ₹0 Cr
5. Kaveri Seed Company Ltd (KSCL): ₹0 Cr

### Net debt — lowest net debt
1. Central Mine Planning & Design Institute Ltd (CMPDI): ₹-1.4K Cr
2. Shipping Corporation of India Land & Assets Ltd (SCILAL): ₹-1.1K Cr
3. Kaveri Seed Company Ltd (KSCL): ₹-496 Cr
4. Jai Corp Ltd (JAICORPLTD): ₹-492 Cr
5. GKW Ltd (GKWLIMITED): ₹-284 Cr

### 20-quarter Gross debt history
- 512062: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹1 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹1 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹1 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —
- 526530: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹19 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹30 Cr | Jun 2025 — | Sep 2025 ₹47 Cr | Dec 2025 — | Mar 2026 ₹95 Cr | Jun 2026 —
- 543624: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —
- 543895: Sep 2021 — | Dec 2021 — | Mar 2022 ₹1 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹1 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹1 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹9 Cr | Dec 2025 — | Mar 2026 ₹19 Cr | Jun 2026 —
- 544091: Sep 2021 — | Dec 2021 — | Mar 2022 ₹17 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹50 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹93 Cr | Jun 2026 —
- GMRAIRPORT: Sep 2021 ₹36.5K Cr | Dec 2021 ₹36.5K Cr | Mar 2022 ₹26.6K Cr | Jun 2022 ₹26.6K Cr | Sep 2022 ₹29.9K Cr | Dec 2022 ₹29.9K Cr | Mar 2023 ₹32.2K Cr | Jun 2023 ₹32.2K Cr | Sep 2023 ₹31.5K Cr | Dec 2023 ₹31.5K Cr | Mar 2024 ₹35.9K Cr | Jun 2024 ₹35.9K Cr | Sep 2024 ₹35.9K Cr | Dec 2024 ₹35.9K Cr | Mar 2025 ₹38.2K Cr | Jun 2025 ₹38.2K Cr | Sep 2025 ₹41.5K Cr | Dec 2025 ₹41.5K Cr | Mar 2026 ₹43.3K Cr | Jun 2026 —
- AEGISVOPAK: Sep 2021 — | Dec 2021 — | Mar 2022 ₹98 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹2.4K Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹3.3K Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹4.0K Cr | Jun 2025 — | Sep 2025 ₹2.0K Cr | Dec 2025 — | Mar 2026 ₹3.7K Cr | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 ₹4.8K Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹2.9K Cr | Jun 2023 ₹2.9K Cr | Sep 2023 — | Dec 2023 — | Mar 2024 ₹2.5K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 ₹1.1K Cr
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 ₹1 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹2 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹1 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹1 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹1 Cr | Jun 2026 ₹1 Cr
- EMBDL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹1.3K Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹693 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹732 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹4.6K Cr | Jun 2025 — | Sep 2025 ₹4.7K Cr | Dec 2025 — | Mar 2026 ₹5.3K Cr | Jun 2026 —
- INOXGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 ₹904 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹595 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹174 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹181 Cr | Jun 2025 — | Sep 2025 ₹95 Cr | Dec 2025 — | Mar 2026 ₹88 Cr | Jun 2026 —
- RTNINDIA: Sep 2021 ₹20 Cr | Dec 2021 ₹20 Cr | Mar 2022 ₹159 Cr | Jun 2022 ₹158 Cr | Sep 2022 ₹588 Cr | Dec 2022 ₹588 Cr | Mar 2023 ₹976 Cr | Jun 2023 ₹973 Cr | Sep 2023 ₹1.3K Cr | Dec 2023 ₹1.3K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹923 Cr | Jun 2025 ₹923 Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 —
- KSCL: Sep 2021 ₹1 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹1 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —
- INDIQUBE: Sep 2021 — | Dec 2021 — | Mar 2022 ₹2.2K Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹2.9K Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹3.1K Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹4.1K Cr | Jun 2025 — | Sep 2025 ₹4.8K Cr | Dec 2025 — | Mar 2026 ₹5.2K Cr | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹1.2K Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹1.7K Cr | Jun 2024 ₹1.7K Cr | Sep 2024 — | Dec 2024 — | Mar 2025 ₹1.6K Cr | Jun 2025 ₹1.6K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹1.7K Cr | Jun 2026 —
- ANZEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹742 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹744 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹1.9K Cr | Jun 2025 — | Sep 2025 ₹1.9K Cr | Dec 2025 — | Mar 2026 ₹5.0K Cr | Jun 2026 —
- EVEREADY: Sep 2021 ₹378 Cr | Dec 2021 ₹378 Cr | Mar 2022 ₹396 Cr | Jun 2022 ₹396 Cr | Sep 2022 ₹390 Cr | Dec 2022 ₹390 Cr | Mar 2023 ₹398 Cr | Jun 2023 ₹398 Cr | Sep 2023 ₹344 Cr | Dec 2023 ₹344 Cr | Mar 2024 ₹307 Cr | Jun 2024 ₹307 Cr | Sep 2024 ₹285 Cr | Dec 2024 ₹285 Cr | Mar 2025 ₹312 Cr | Jun 2025 ₹312 Cr | Sep 2025 ₹357 Cr | Dec 2025 ₹357 Cr | Mar 2026 ₹202 Cr | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- JAICORPLTD: Sep 2021 ₹31 Cr | Dec 2021 ₹31 Cr | Mar 2022 ₹236 Cr | Jun 2022 — | Sep 2022 ₹2 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹239 Cr | Jun 2023 ₹3 Cr | Sep 2023 — | Dec 2023 — | Mar 2024 ₹236 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹236 Cr | Jun 2025 — | Sep 2025 ₹1 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- DELTACORP: Sep 2021 ₹32 Cr | Dec 2021 ₹32 Cr | Mar 2022 ₹45 Cr | Jun 2022 ₹45 Cr | Sep 2022 ₹69 Cr | Dec 2022 ₹69 Cr | Mar 2023 ₹68 Cr | Jun 2023 ₹68 Cr | Sep 2023 ₹71 Cr | Dec 2023 ₹71 Cr | Mar 2024 ₹52 Cr | Jun 2024 ₹52 Cr | Sep 2024 ₹45 Cr | Dec 2024 ₹45 Cr | Mar 2025 ₹35 Cr | Jun 2025 ₹35 Cr | Sep 2025 ₹32 Cr | Dec 2025 ₹32 Cr | Mar 2026 ₹49 Cr | Jun 2026 —
- AEROENTER: Sep 2021 ₹74 Cr | Dec 2021 ₹74 Cr | Mar 2022 ₹91 Cr | Jun 2022 ₹91 Cr | Sep 2022 ₹117 Cr | Dec 2022 ₹117 Cr | Mar 2023 ₹105 Cr | Jun 2023 ₹105 Cr | Sep 2023 ₹100 Cr | Dec 2023 ₹100 Cr | Mar 2024 ₹63 Cr | Jun 2024 ₹63 Cr | Sep 2024 ₹40 Cr | Dec 2024 ₹40 Cr | Mar 2025 ₹31 Cr | Jun 2025 ₹31 Cr | Sep 2025 ₹46 Cr | Dec 2025 ₹46 Cr | Mar 2026 ₹41 Cr | Jun 2026 —
- TCC: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 ₹4 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹9 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹44 Cr | Jun 2025 ₹44 Cr | Sep 2025 ₹37 Cr | Dec 2025 ₹37 Cr | Mar 2026 ₹291 Cr | Jun 2026 —
- GULPOLY: Sep 2021 ₹11 Cr | Dec 2021 ₹11 Cr | Mar 2022 ₹117 Cr | Jun 2022 ₹116 Cr | Sep 2022 ₹185 Cr | Dec 2022 ₹185 Cr | Mar 2023 ₹253 Cr | Jun 2023 ₹253 Cr | Sep 2023 ₹361 Cr | Dec 2023 ₹361 Cr | Mar 2024 ₹349 Cr | Jun 2024 ₹354 Cr | Sep 2024 ₹441 Cr | Dec 2024 ₹441 Cr | Mar 2025 ₹392 Cr | Jun 2025 ₹397 Cr | Sep 2025 ₹453 Cr | Dec 2025 ₹453 Cr | Mar 2026 ₹313 Cr | Jun 2026 —
- UNITECH: Sep 2021 ₹6.2K Cr | Dec 2021 ₹6.2K Cr | Mar 2022 ₹7.0K Cr | Jun 2022 ₹7.1K Cr | Sep 2022 ₹7.2K Cr | Dec 2022 ₹7.2K Cr | Mar 2023 ₹7.2K Cr | Jun 2023 ₹7.3K Cr | Sep 2023 ₹7.2K Cr | Dec 2023 ₹7.2K Cr | Mar 2024 ₹7.2K Cr | Jun 2024 ₹7.2K Cr | Sep 2024 ₹7.3K Cr | Dec 2024 — | Mar 2025 ₹7.3K Cr | Jun 2025 ₹8.1K Cr | Sep 2025 ₹7.4K Cr | Dec 2025 ₹7.4K Cr | Mar 2026 ₹7.5K Cr | Jun 2026 —
- JINDALPHOT: Sep 2021 ₹60 Cr | Dec 2021 ₹60 Cr | Mar 2022 ₹63 Cr | Jun 2022 ₹63 Cr | Sep 2022 ₹65 Cr | Dec 2022 ₹65 Cr | Mar 2023 ₹68 Cr | Jun 2023 ₹68 Cr | Sep 2023 ₹69 Cr | Dec 2023 ₹69 Cr | Mar 2024 ₹55 Cr | Jun 2024 ₹55 Cr | Sep 2024 ₹57 Cr | Dec 2024 ₹57 Cr | Mar 2025 ₹59 Cr | Jun 2025 ₹59 Cr | Sep 2025 ₹62 Cr | Dec 2025 ₹62 Cr | Mar 2026 ₹65 Cr | Jun 2026 —
- GKWLIMITED: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- SVLL: Sep 2021 ₹34 Cr | Dec 2021 ₹63 Cr | Mar 2022 ₹63 Cr | Jun 2022 — | Sep 2022 ₹39 Cr | Dec 2022 — | Mar 2023 ₹42 Cr | Jun 2023 ₹42 Cr | Sep 2023 ₹110 Cr | Dec 2023 ₹110 Cr | Mar 2024 ₹104 Cr | Jun 2024 ₹107 Cr | Sep 2024 ₹122 Cr | Dec 2024 ₹122 Cr | Mar 2025 ₹135 Cr | Jun 2025 ₹140 Cr | Sep 2025 ₹211 Cr | Dec 2025 ₹211 Cr | Mar 2026 ₹203 Cr | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 ₹130 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹151 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 ₹213 Cr | Mar 2024 ₹204 Cr | Jun 2024 ₹204 Cr | Sep 2024 ₹184 Cr | Dec 2024 ₹184 Cr | Mar 2025 ₹189 Cr | Jun 2025 ₹189 Cr | Sep 2025 ₹330 Cr | Dec 2025 ₹330 Cr | Mar 2026 ₹309 Cr | Jun 2026 —
- PARIN: Sep 2021 ₹39 Cr | Dec 2021 — | Mar 2022 ₹39 Cr | Jun 2022 — | Sep 2022 ₹45 Cr | Dec 2022 — | Mar 2023 ₹46 Cr | Jun 2023 — | Sep 2023 ₹43 Cr | Dec 2023 — | Mar 2024 ₹45 Cr | Jun 2024 — | Sep 2024 ₹53 Cr | Dec 2024 — | Mar 2025 ₹95 Cr | Jun 2025 — | Sep 2025 ₹98 Cr | Dec 2025 — | Mar 2026 ₹91 Cr | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹5 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹3 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹3 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹18 Cr | Jun 2025 — | Sep 2025 ₹23 Cr | Dec 2025 — | Mar 2026 ₹37 Cr | Jun 2026 —
- PROZONER: Sep 2021 ₹458 Cr | Dec 2021 ₹458 Cr | Mar 2022 ₹471 Cr | Jun 2022 ₹456 Cr | Sep 2022 ₹442 Cr | Dec 2022 ₹442 Cr | Mar 2023 ₹420 Cr | Jun 2023 ₹420 Cr | Sep 2023 ₹391 Cr | Dec 2023 ₹391 Cr | Mar 2024 ₹422 Cr | Jun 2024 ₹422 Cr | Sep 2024 ₹422 Cr | Dec 2024 ₹422 Cr | Mar 2025 ₹425 Cr | Jun 2025 ₹425 Cr | Sep 2025 ₹425 Cr | Dec 2025 ₹425 Cr | Mar 2026 ₹658 Cr | Jun 2026 —
- TAKE: Sep 2021 ₹479 Cr | Dec 2021 ₹479 Cr | Mar 2022 ₹59 Cr | Jun 2022 ₹65 Cr | Sep 2022 ₹52 Cr | Dec 2022 ₹52 Cr | Mar 2023 ₹46 Cr | Jun 2023 ₹46 Cr | Sep 2023 ₹43 Cr | Dec 2023 ₹43 Cr | Mar 2024 ₹37 Cr | Jun 2024 ₹37 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 —
- SABTNL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹2 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹2 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹1 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹11 Cr | Dec 2025 — | Mar 2026 ₹18 Cr | Jun 2026 —
- RAMANEWS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹480 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹361 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹364 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹361 Cr | Jun 2025 — | Sep 2025 ₹376 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 —
- GLOBAL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —
- RKSWAMY: Sep 2021 — | Dec 2021 — | Mar 2022 ₹51 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹34 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹20 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹32 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹43 Cr | Jun 2026 —

### 20-quarter Net debt history
- GMRAIRPORT: Sep 2021 ₹28.7K Cr | Dec 2021 ₹28.7K Cr | Mar 2022 ₹21.9K Cr | Jun 2022 ₹21.8K Cr | Sep 2022 ₹25.3K Cr | Dec 2022 ₹25.3K Cr | Mar 2023 ₹25.6K Cr | Jun 2023 ₹25.6K Cr | Sep 2023 ₹26.4K Cr | Dec 2023 ₹26.4K Cr | Mar 2024 ₹30.3K Cr | Jun 2024 ₹30.3K Cr | Sep 2024 ₹31.9K Cr | Dec 2024 ₹31.9K Cr | Mar 2025 ₹34.7K Cr | Jun 2025 ₹34.6K Cr | Sep 2025 ₹37.3K Cr | Dec 2025 ₹37.3K Cr | Mar 2026 ₹38.0K Cr | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹2.3K Cr | Sep 2023 — | Dec 2023 — | Mar 2024 ₹2.2K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹991 Cr | Dec 2024 ₹991 Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹633 Cr | Dec 2025 ₹633 Cr | Mar 2026 ₹207 Cr | Jun 2026 ₹207 Cr
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹-279 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹-1.4K Cr | Jun 2026 ₹-1.4K Cr
- RTNINDIA: Sep 2021 ₹16 Cr | Dec 2021 ₹16 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹271 Cr | Dec 2022 ₹271 Cr | Mar 2023 ₹926 Cr | Jun 2023 ₹837 Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹229 Cr | Jun 2024 ₹1.0K Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹-164 Cr | Jun 2025 ₹-257 Cr | Sep 2025 ₹-218 Cr | Dec 2025 ₹-218 Cr | Mar 2026 ₹42 Cr | Jun 2026 —
- KSCL: Sep 2021 ₹-393 Cr | Dec 2021 ₹-393 Cr | Mar 2022 ₹-490 Cr | Jun 2022 ₹-490 Cr | Sep 2022 ₹-531 Cr | Dec 2022 ₹-531 Cr | Mar 2023 ₹-577 Cr | Jun 2023 ₹-577 Cr | Sep 2023 ₹-795 Cr | Dec 2023 ₹-795 Cr | Mar 2024 ₹-496 Cr | Jun 2024 ₹-496 Cr | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹1.7K Cr | Sep 2024 — | Dec 2024 — | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.3K Cr | Dec 2025 ₹1.3K Cr | Mar 2026 ₹1.6K Cr | Jun 2026 —
- EVEREADY: Sep 2021 ₹352 Cr | Dec 2021 ₹352 Cr | Mar 2022 ₹351 Cr | Jun 2022 ₹351 Cr | Sep 2022 ₹365 Cr | Dec 2022 ₹365 Cr | Mar 2023 ₹395 Cr | Jun 2023 ₹395 Cr | Sep 2023 ₹331 Cr | Dec 2023 ₹331 Cr | Mar 2024 ₹299 Cr | Jun 2024 ₹299 Cr | Sep 2024 ₹273 Cr | Dec 2024 ₹273 Cr | Mar 2025 ₹306 Cr | Jun 2025 ₹306 Cr | Sep 2025 ₹350 Cr | Dec 2025 ₹350 Cr | Mar 2026 ₹194 Cr | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹-1.0K Cr | Jun 2024 ₹-3 Cr | Sep 2024 ₹-1.1K Cr | Dec 2024 ₹-1.1K Cr | Mar 2025 ₹-1.1K Cr | Jun 2025 ₹-1.1K Cr | Sep 2025 ₹-1.1K Cr | Dec 2025 ₹-1.1K Cr | Mar 2026 ₹-1.1K Cr | Jun 2026 —
- JAICORPLTD: Sep 2021 ₹-8 Cr | Dec 2021 ₹-8 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹-155 Cr | Dec 2022 ₹-155 Cr | Mar 2023 ₹-180 Cr | Jun 2023 ₹-180 Cr | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 ₹-478 Cr | Dec 2025 ₹-478 Cr | Mar 2026 ₹-492 Cr | Jun 2026 —
- DELTACORP: Sep 2021 ₹-506 Cr | Dec 2021 ₹-506 Cr | Mar 2022 ₹-655 Cr | Jun 2022 ₹-659 Cr | Sep 2022 ₹-605 Cr | Dec 2022 ₹-605 Cr | Mar 2023 ₹-607 Cr | Jun 2023 ₹-607 Cr | Sep 2023 ₹-663 Cr | Dec 2023 ₹-663 Cr | Mar 2024 ₹-611 Cr | Jun 2024 ₹-614 Cr | Sep 2024 ₹-631 Cr | Dec 2024 ₹-631 Cr | Mar 2025 ₹-434 Cr | Jun 2025 ₹-433 Cr | Sep 2025 ₹-420 Cr | Dec 2025 ₹-420 Cr | Mar 2026 ₹-229 Cr | Jun 2026 —
- AEROENTER: Sep 2021 ₹57 Cr | Dec 2021 ₹57 Cr | Mar 2022 ₹76 Cr | Jun 2022 ₹75 Cr | Sep 2022 ₹97 Cr | Dec 2022 ₹97 Cr | Mar 2023 ₹58 Cr | Jun 2023 ₹59 Cr | Sep 2023 ₹-277 Cr | Dec 2023 ₹-277 Cr | Mar 2024 ₹-274 Cr | Jun 2024 ₹-273 Cr | Sep 2024 ₹-188 Cr | Dec 2024 ₹-188 Cr | Mar 2025 ₹-162 Cr | Jun 2025 ₹-162 Cr | Sep 2025 ₹-97 Cr | Dec 2025 ₹-97 Cr | Mar 2026 ₹-105 Cr | Jun 2026 —
- TCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 ₹2 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹-11 Cr | Jun 2024 ₹-9 Cr | Sep 2024 ₹-134 Cr | Dec 2024 ₹-134 Cr | Mar 2025 ₹-18 Cr | Jun 2025 ₹-18 Cr | Sep 2025 ₹-11 Cr | Dec 2025 ₹-11 Cr | Mar 2026 ₹211 Cr | Jun 2026 —
- GULPOLY: Sep 2021 ₹-17 Cr | Dec 2021 ₹-17 Cr | Mar 2022 ₹-5 Cr | Jun 2022 ₹-7 Cr | Sep 2022 ₹103 Cr | Dec 2022 ₹103 Cr | Mar 2023 ₹244 Cr | Jun 2023 ₹244 Cr | Sep 2023 ₹254 Cr | Dec 2023 ₹254 Cr | Mar 2024 ₹333 Cr | Jun 2024 ₹332 Cr | Sep 2024 ₹423 Cr | Dec 2024 ₹423 Cr | Mar 2025 ₹380 Cr | Jun 2025 ₹380 Cr | Sep 2025 ₹435 Cr | Dec 2025 ₹435 Cr | Mar 2026 ₹285 Cr | Jun 2026 —
- UNITECH: Sep 2021 ₹5.9K Cr | Dec 2021 ₹5.9K Cr | Mar 2022 ₹6.7K Cr | Jun 2022 ₹6.7K Cr | Sep 2022 ₹6.8K Cr | Dec 2022 ₹6.8K Cr | Mar 2023 ₹6.9K Cr | Jun 2023 ₹6.9K Cr | Sep 2023 ₹6.8K Cr | Dec 2023 ₹6.8K Cr | Mar 2024 ₹7.0K Cr | Jun 2024 ₹6.8K Cr | Sep 2024 ₹6.8K Cr | Dec 2024 — | Mar 2025 ₹6.7K Cr | Jun 2025 ₹7.5K Cr | Sep 2025 ₹7.0K Cr | Dec 2025 ₹7.0K Cr | Mar 2026 ₹7.2K Cr | Jun 2026 —
- JINDALPHOT: Sep 2021 — | Dec 2021 — | Mar 2022 ₹60 Cr | Jun 2022 ₹63 Cr | Sep 2022 ₹65 Cr | Dec 2022 ₹65 Cr | Mar 2023 ₹66 Cr | Jun 2023 ₹68 Cr | Sep 2023 ₹69 Cr | Dec 2023 ₹69 Cr | Mar 2024 ₹52 Cr | Jun 2024 ₹55 Cr | Sep 2024 ₹57 Cr | Dec 2024 ₹57 Cr | Mar 2025 ₹56 Cr | Jun 2025 ₹56 Cr | Sep 2025 ₹62 Cr | Dec 2025 ₹62 Cr | Mar 2026 ₹65 Cr | Jun 2026 —
- GKWLIMITED: Sep 2021 ₹-127 Cr | Dec 2021 ₹-127 Cr | Mar 2022 ₹-128 Cr | Jun 2022 ₹-128 Cr | Sep 2022 ₹-133 Cr | Dec 2022 ₹-133 Cr | Mar 2023 ₹-120 Cr | Jun 2023 ₹-120 Cr | Sep 2023 ₹-144 Cr | Dec 2023 ₹-144 Cr | Mar 2024 ₹-136 Cr | Jun 2024 ₹-136 Cr | Sep 2024 ₹-150 Cr | Dec 2024 ₹-150 Cr | Mar 2025 ₹-309 Cr | Jun 2025 ₹-309 Cr | Sep 2025 ₹-296 Cr | Dec 2025 ₹-296 Cr | Mar 2026 ₹-284 Cr | Jun 2026 —
- SVLL: Sep 2021 ₹33 Cr | Dec 2021 ₹63 Cr | Mar 2022 ₹63 Cr | Jun 2022 — | Sep 2022 ₹38 Cr | Dec 2022 — | Mar 2023 ₹41 Cr | Jun 2023 ₹41 Cr | Sep 2023 ₹109 Cr | Dec 2023 ₹109 Cr | Mar 2024 ₹103 Cr | Jun 2024 ₹106 Cr | Sep 2024 ₹121 Cr | Dec 2024 ₹121 Cr | Mar 2025 ₹135 Cr | Jun 2025 ₹127 Cr | Sep 2025 ₹210 Cr | Dec 2025 ₹210 Cr | Mar 2026 ₹208 Cr | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹94 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 ₹204 Cr | Mar 2024 ₹196 Cr | Jun 2024 ₹151 Cr | Sep 2024 ₹-28 Cr | Dec 2024 ₹-28 Cr | Mar 2025 ₹50 Cr | Jun 2025 ₹49 Cr | Sep 2025 ₹262 Cr | Dec 2025 ₹262 Cr | Mar 2026 ₹126 Cr | Jun 2026 —
- PARIN: Sep 2021 ₹37 Cr | Dec 2021 — | Mar 2022 ₹36 Cr | Jun 2022 — | Sep 2022 ₹42 Cr | Dec 2022 — | Mar 2023 ₹41 Cr | Jun 2023 — | Sep 2023 ₹40 Cr | Dec 2023 — | Mar 2024 ₹44 Cr | Jun 2024 — | Sep 2024 ₹52 Cr | Dec 2024 — | Mar 2025 ₹86 Cr | Jun 2025 — | Sep 2025 ₹95 Cr | Dec 2025 — | Mar 2026 ₹89 Cr | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 ₹-70 Cr | Dec 2025 — | Mar 2026 ₹-28 Cr | Jun 2026 —
- PROZONER: Sep 2021 ₹438 Cr | Dec 2021 — | Mar 2022 ₹436 Cr | Jun 2022 — | Sep 2022 ₹350 Cr | Dec 2022 — | Mar 2023 ₹374 Cr | Jun 2023 — | Sep 2023 ₹327 Cr | Dec 2023 — | Mar 2024 ₹368 Cr | Jun 2024 — | Sep 2024 ₹332 Cr | Dec 2024 — | Mar 2025 ₹389 Cr | Jun 2025 — | Sep 2025 ₹291 Cr | Dec 2025 — | Mar 2026 ₹581 Cr | Jun 2026 —
- TAKE: Sep 2021 ₹446 Cr | Dec 2021 ₹446 Cr | Mar 2022 ₹49 Cr | Jun 2022 ₹36 Cr | Sep 2022 ₹21 Cr | Dec 2022 ₹21 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹35 Cr | Sep 2023 ₹42 Cr | Dec 2023 ₹42 Cr | Mar 2024 ₹36 Cr | Jun 2024 ₹36 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹7 Cr | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

## Return On Capital Employed

What the numbers say: Aqylon Nexus Ltd leads ROCE at 131%, 92.9 percentage points above Central Mine Planning & Design Institute Ltd. Take Solutions Ltd has the strongest latest improvement at +29.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Aqylon Nexus Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Aqylon Nexus Ltd · 131% | 243.8% versus #2 · Central Mine Planning & Design Institute Ltd | Not enough history | 36/36 companies · 252 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Aqylon Nexus Ltd (SABTNL): 131%
2. Central Mine Planning & Design Institute Ltd (CMPDI): 38%
3. FlySBS Aviation Ltd (FLYSBS): 33%
4. Exhicon Events Media Solutions Ltd (543895): 30%
5. Global Education Ltd (GLOBAL): 29%

### ROCE change — fastest improvers
1. Take Solutions Ltd (TAKE): +29.2 pp
2. Gulshan Polyols Ltd (GULPOLY): +14.1 pp
3. Central Mine Planning & Design Institute Ltd (CMPDI): +11.4 pp
4. Jai Corp Ltd (JAICORPLTD): +8.1 pp
5. Tandhan Industries Ltd (512062): +5.3 pp

### 20-quarter ROCE history
- GMRAIRPORT: Sep 2021 4.2% | Dec 2021 — | Mar 2022 4.9% | Jun 2022 — | Sep 2022 3.8% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 3.1% | Dec 2023 4.9% | Mar 2024 3.7% | Jun 2024 5.8% | Sep 2024 3.7% | Dec 2024 7.8% | Mar 2025 4.7% | Jun 2025 8.3% | Sep 2025 6.9% | Dec 2025 9.4% | Mar 2026 9.9% | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 4.1% | Jun 2024 3.9% | Sep 2024 5.0% | Dec 2024 7.9% | Mar 2025 8.0% | Jun 2025 11% | Sep 2025 10% | Dec 2025 12% | Mar 2026 12% | Jun 2026 14%
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 15% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 27% | Jun 2026 —
- RTNINDIA: Sep 2021 -2.6% | Dec 2021 — | Mar 2022 -1.3% | Jun 2022 — | Sep 2022 -0.2% | Dec 2022 — | Mar 2023 9.3% | Jun 2023 — | Sep 2023 3.9% | Dec 2023 71% | Mar 2024 68% | Jun 2024 203% | Sep 2024 101% | Dec 2024 47% | Mar 2025 67% | Jun 2025 -18% | Sep 2025 -31% | Dec 2025 -26% | Mar 2026 8.7% | Jun 2026 —
- KSCL: Sep 2021 13% | Dec 2021 — | Mar 2022 14% | Jun 2022 — | Sep 2022 15% | Dec 2022 — | Mar 2023 16% | Jun 2023 — | Sep 2023 15% | Dec 2023 19% | Mar 2024 20% | Jun 2024 25% | Sep 2024 16% | Dec 2024 19% | Mar 2025 16% | Jun 2025 23% | Sep 2025 15% | Dec 2025 18% | Mar 2026 15% | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.0% | Sep 2022 4.0% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 12% | Jun 2025 22% | Sep 2025 9.3% | Dec 2025 18% | Mar 2026 7.6% | Jun 2026 —
- EVEREADY: Sep 2021 36% | Dec 2021 — | Mar 2022 19% | Jun 2022 — | Sep 2022 11% | Dec 2022 — | Mar 2023 15% | Jun 2023 — | Sep 2023 15% | Dec 2023 17% | Mar 2024 20% | Jun 2024 21% | Sep 2024 20% | Dec 2024 21% | Mar 2025 19% | Jun 2025 21% | Sep 2025 19% | Dec 2025 13% | Mar 2026 17% | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -0.7% | Jun 2024 1.7% | Sep 2024 -0.6% | Dec 2024 1.8% | Mar 2025 -0.4% | Jun 2025 2.1% | Sep 2025 -0.7% | Dec 2025 1.8% | Mar 2026 -1.4% | Jun 2026 —
- JAICORPLTD: Sep 2021 4.2% | Dec 2021 — | Mar 2022 3.4% | Jun 2022 — | Sep 2022 4.1% | Dec 2022 — | Mar 2023 4.3% | Jun 2023 -0.4% | Sep 2023 3.6% | Dec 2023 0.5% | Mar 2024 4.2% | Jun 2024 5.3% | Sep 2024 5.5% | Dec 2024 5.9% | Mar 2025 4.7% | Jun 2025 12% | Sep 2025 11% | Dec 2025 13% | Mar 2026 13% | Jun 2026 —
- DELTACORP: Sep 2021 -0.2% | Dec 2021 — | Mar 2022 3.6% | Jun 2022 — | Sep 2022 14% | Dec 2022 — | Mar 2023 13% | Jun 2023 — | Sep 2023 12% | Dec 2023 13% | Mar 2024 14% | Jun 2024 11% | Sep 2024 2.9% | Dec 2024 7.6% | Mar 2025 3.1% | Jun 2025 13% | Sep 2025 4.4% | Dec 2025 13% | Mar 2026 3.6% | Jun 2026 —
- AEROENTER: Sep 2021 16% | Dec 2021 — | Mar 2022 23% | Jun 2022 — | Sep 2022 21% | Dec 2022 — | Mar 2023 15% | Jun 2023 — | Sep 2023 8.6% | Dec 2023 68% | Mar 2024 46% | Jun 2024 51% | Sep 2024 42% | Dec 2024 14% | Mar 2025 12% | Jun 2025 14% | Sep 2025 12% | Dec 2025 13% | Mar 2026 11% | Jun 2026 —
- TCC: Sep 2021 -7.0% | Dec 2021 — | Mar 2022 -7.1% | Jun 2022 — | Sep 2022 -7.5% | Dec 2022 — | Mar 2023 41% | Jun 2023 — | Sep 2023 6.0% | Dec 2023 34% | Mar 2024 14% | Jun 2024 30% | Sep 2024 5.8% | Dec 2024 11% | Mar 2025 6.7% | Jun 2025 13% | Sep 2025 7.6% | Dec 2025 10% | Mar 2026 2.6% | Jun 2026 —
- GULPOLY: Sep 2021 31% | Dec 2021 — | Mar 2022 20% | Jun 2022 — | Sep 2022 10% | Dec 2022 — | Mar 2023 8.2% | Jun 2023 8.8% | Sep 2023 5.3% | Dec 2023 6.4% | Mar 2024 3.0% | Jun 2024 6.1% | Sep 2024 4.7% | Dec 2024 6.7% | Mar 2025 7.0% | Jun 2025 8.9% | Sep 2025 11% | Dec 2025 — | Mar 2026 21% | Jun 2026 —
- UNITECH: Sep 2021 -2.8% | Dec 2021 — | Mar 2022 -1.7% | Jun 2022 — | Sep 2022 -5.4% | Dec 2022 — | Mar 2023 3.4% | Jun 2023 — | Sep 2023 1.0% | Dec 2023 19% | Mar 2024 16% | Jun 2024 -481% | Sep 2024 27% | Dec 2024 -644% | Mar 2025 5.6% | Jun 2025 107% | Sep 2025 -5.3% | Dec 2025 93% | Mar 2026 0.1% | Jun 2026 —
- JINDALPHOT: Sep 2021 0.0% | Dec 2021 — | Mar 2022 0.0% | Jun 2022 — | Sep 2022 0.0% | Dec 2022 — | Mar 2023 0.4% | Jun 2023 — | Sep 2023 0.4% | Dec 2023 — | Mar 2024 0.8% | Jun 2024 — | Sep 2024 0.8% | Dec 2024 — | Mar 2025 0.2% | Jun 2025 — | Sep 2025 1.1% | Dec 2025 1.7% | Mar 2026 1.0% | Jun 2026 —
- GKWLIMITED: Sep 2021 7.5% | Dec 2021 — | Mar 2022 0.6% | Jun 2022 — | Sep 2022 0.5% | Dec 2022 — | Mar 2023 0.5% | Jun 2023 — | Sep 2023 0.7% | Dec 2023 0.8% | Mar 2024 0.6% | Jun 2024 0.6% | Sep 2024 0.6% | Dec 2024 -0.6% | Mar 2025 -0.9% | Jun 2025 0.2% | Sep 2025 -1.3% | Dec 2025 0.7% | Mar 2026 0.1% | Jun 2026 —
- SVLL: Sep 2021 12% | Dec 2021 9.9% | Mar 2022 11% | Jun 2022 — | Sep 2022 18% | Dec 2022 — | Mar 2023 11% | Jun 2023 — | Sep 2023 14% | Dec 2023 — | Mar 2024 14% | Jun 2024 — | Sep 2024 12% | Dec 2024 — | Mar 2025 12% | Jun 2025 — | Sep 2025 12% | Dec 2025 — | Mar 2026 13% | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.9% | Jun 2023 — | Sep 2023 — | Dec 2023 8.8% | Mar 2024 11% | Jun 2024 16% | Sep 2024 7.2% | Dec 2024 11% | Mar 2025 5.8% | Jun 2025 11% | Sep 2025 5.3% | Dec 2025 7.3% | Mar 2026 3.1% | Jun 2026 —
- PARIN: Sep 2021 9.2% | Dec 2021 — | Mar 2022 13% | Jun 2022 — | Sep 2022 14% | Dec 2022 — | Mar 2023 12% | Jun 2023 — | Sep 2023 15% | Dec 2023 — | Mar 2024 11% | Jun 2024 — | Sep 2024 7.3% | Dec 2024 — | Mar 2025 16% | Jun 2025 — | Sep 2025 21% | Dec 2025 — | Mar 2026 16% | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 14% | Dec 2025 — | Mar 2026 22% | Jun 2026 —
- TAKE: Sep 2021 0.3% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -49% | Dec 2022 — | Mar 2023 — | Jun 2023 -12% | Sep 2023 -10% | Dec 2023 -40% | Mar 2024 -96% | Jun 2024 -95% | Sep 2024 30% | Dec 2024 -58% | Mar 2025 -36% | Jun 2025 63% | Sep 2025 -20% | Dec 2025 3.4% | Mar 2026 -7.2% | Jun 2026 —

### 20-quarter ROCE change history
- GMRAIRPORT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.4 pp | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 −0.7 pp | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +0.6 pp | Dec 2024 +2.9 pp | Mar 2025 +1.0 pp | Jun 2025 +2.5 pp | Sep 2025 +3.2 pp | Dec 2025 +1.6 pp | Mar 2026 +5.2 pp | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 +3.9 pp | Jun 2025 +6.6 pp | Sep 2025 +5.3 pp | Dec 2025 +4.4 pp | Mar 2026 +3.9 pp | Jun 2026 +3.1 pp
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 +11.4 pp | Jun 2026 —
- RTNINDIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.4 pp | Dec 2022 — | Mar 2023 +10.6 pp | Jun 2023 — | Sep 2023 +4.1 pp | Dec 2023 — | Mar 2024 +58.3 pp | Jun 2024 — | Sep 2024 +97.1 pp | Dec 2024 −24.7 pp | Mar 2025 −1.0 pp | Jun 2025 −221.2 pp | Sep 2025 −131.5 pp | Dec 2025 −72.4 pp | Mar 2026 −57.9 pp | Jun 2026 —
- KSCL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.6 pp | Dec 2022 — | Mar 2023 +2.7 pp | Jun 2023 — | Sep 2023 +0.6 pp | Dec 2023 — | Mar 2024 +3.6 pp | Jun 2024 — | Sep 2024 +0.8 pp | Dec 2024 +0.7 pp | Mar 2025 −3.9 pp | Jun 2025 −1.4 pp | Sep 2025 −1.3 pp | Dec 2025 −1.2 pp | Mar 2026 −0.7 pp | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 −4.6 pp | Jun 2026 —
- EVEREADY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −25.0 pp | Dec 2022 — | Mar 2023 −3.5 pp | Jun 2023 — | Sep 2023 +4.0 pp | Dec 2023 — | Mar 2024 +4.9 pp | Jun 2024 — | Sep 2024 +4.8 pp | Dec 2024 +3.8 pp | Mar 2025 −1.0 pp | Jun 2025 −0.1 pp | Sep 2025 −1.1 pp | Dec 2025 −8.2 pp | Mar 2026 −1.7 pp | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 +0.3 pp | Jun 2025 +0.4 pp | Sep 2025 −0.1 pp | Dec 2025 0.0 pp | Mar 2026 −1.0 pp | Jun 2026 —
- JAICORPLTD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 — | Mar 2023 +0.9 pp | Jun 2023 — | Sep 2023 −0.5 pp | Dec 2023 — | Mar 2024 −0.1 pp | Jun 2024 +5.7 pp | Sep 2024 +1.9 pp | Dec 2024 +5.4 pp | Mar 2025 +0.5 pp | Jun 2025 +6.4 pp | Sep 2025 +5.9 pp | Dec 2025 +7.4 pp | Mar 2026 +8.1 pp | Jun 2026 —
- DELTACORP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +14.3 pp | Dec 2022 — | Mar 2023 +9.2 pp | Jun 2023 — | Sep 2023 −1.8 pp | Dec 2023 — | Mar 2024 +0.9 pp | Jun 2024 — | Sep 2024 −9.4 pp | Dec 2024 −5.6 pp | Mar 2025 −10.6 pp | Jun 2025 +1.1 pp | Sep 2025 +1.5 pp | Dec 2025 +5.8 pp | Mar 2026 +0.5 pp | Jun 2026 —
- AEROENTER: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +5.0 pp | Dec 2022 — | Mar 2023 −7.6 pp | Jun 2023 — | Sep 2023 −12.3 pp | Dec 2023 — | Mar 2024 +30.1 pp | Jun 2024 — | Sep 2024 +33.5 pp | Dec 2024 −53.4 pp | Mar 2025 −33.1 pp | Jun 2025 −37.3 pp | Sep 2025 −30.3 pp | Dec 2025 −1.3 pp | Mar 2026 −1.4 pp | Jun 2026 —
- TCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 — | Mar 2023 +48.5 pp | Jun 2023 — | Sep 2023 +13.5 pp | Dec 2023 — | Mar 2024 −27.8 pp | Jun 2024 — | Sep 2024 −0.2 pp | Dec 2024 −23.1 pp | Mar 2025 −6.9 pp | Jun 2025 −16.7 pp | Sep 2025 +1.8 pp | Dec 2025 −0.5 pp | Mar 2026 −4.1 pp | Jun 2026 —
- GULPOLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −20.4 pp | Dec 2022 — | Mar 2023 −11.4 pp | Jun 2023 — | Sep 2023 −5.1 pp | Dec 2023 — | Mar 2024 −5.2 pp | Jun 2024 −2.7 pp | Sep 2024 −0.6 pp | Dec 2024 +0.3 pp | Mar 2025 +4.0 pp | Jun 2025 +2.8 pp | Sep 2025 +6.3 pp | Dec 2025 — | Mar 2026 +14.1 pp | Jun 2026 —
- UNITECH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.6 pp | Dec 2022 — | Mar 2023 +5.1 pp | Jun 2023 — | Sep 2023 +6.4 pp | Dec 2023 — | Mar 2024 +12.7 pp | Jun 2024 — | Sep 2024 +25.8 pp | Dec 2024 −663.0 pp | Mar 2025 −10.5 pp | Jun 2025 +587.6 pp | Sep 2025 −32.1 pp | Dec 2025 +737.1 pp | Mar 2026 −5.5 pp | Jun 2026 —
- JINDALPHOT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 — | Mar 2023 +0.4 pp | Jun 2023 — | Sep 2023 +0.4 pp | Dec 2023 — | Mar 2024 +0.4 pp | Jun 2024 — | Sep 2024 +0.4 pp | Dec 2024 — | Mar 2025 −0.6 pp | Jun 2025 — | Sep 2025 +0.3 pp | Dec 2025 — | Mar 2026 +0.8 pp | Jun 2026 —
- GKWLIMITED: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −7.0 pp | Dec 2022 — | Mar 2023 −0.1 pp | Jun 2023 — | Sep 2023 +0.2 pp | Dec 2023 — | Mar 2024 +0.1 pp | Jun 2024 — | Sep 2024 −0.1 pp | Dec 2024 −1.4 pp | Mar 2025 −1.5 pp | Jun 2025 −0.4 pp | Sep 2025 −1.9 pp | Dec 2025 +1.3 pp | Mar 2026 +1.0 pp | Jun 2026 —
- SVLL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +6.5 pp | Dec 2022 — | Mar 2023 −0.4 pp | Jun 2023 — | Sep 2023 −4.5 pp | Dec 2023 — | Mar 2024 +2.8 pp | Jun 2024 — | Sep 2024 −2.2 pp | Dec 2024 — | Mar 2025 −1.9 pp | Jun 2025 — | Sep 2025 0.0 pp | Dec 2025 — | Mar 2026 +1.2 pp | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 +9.2 pp | Jun 2024 — | Sep 2024 — | Dec 2024 +2.5 pp | Mar 2025 −5.3 pp | Jun 2025 −4.5 pp | Sep 2025 −1.9 pp | Dec 2025 −4.0 pp | Mar 2026 −2.7 pp | Jun 2026 —
- PARIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +4.9 pp | Dec 2022 — | Mar 2023 −0.7 pp | Jun 2023 — | Sep 2023 +1.0 pp | Dec 2023 — | Mar 2024 −1.2 pp | Jun 2024 — | Sep 2024 −7.8 pp | Dec 2024 — | Mar 2025 +5.7 pp | Jun 2025 — | Sep 2025 +14.0 pp | Dec 2025 — | Mar 2026 −0.2 pp | Jun 2026 —
- TAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −49.2 pp | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 +38.7 pp | Dec 2023 — | Mar 2024 — | Jun 2024 −83.2 pp | Sep 2024 +40.3 pp | Dec 2024 −17.7 pp | Mar 2025 +59.6 pp | Jun 2025 +157.9 pp | Sep 2025 −49.9 pp | Dec 2025 +61.3 pp | Mar 2026 +29.2 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Sagility Ltd has the lowest comparable Guarded PEG at 0.97×, 53.8% below Eveready Industries India Ltd. Only 3 of 36 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Sagility Ltd · 0.97× | 53.8% versus #2 · Eveready Industries India Ltd | 0/7 recent comparable periods | 3/36 companies · 9 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. Sagility Ltd (SAGILITY): 1.0
2. Eveready Industries India Ltd (EVEREADY): 2.1
3. Kaveri Seed Company Ltd (KSCL): 3.0

### P/E — lowest P/E
1. Jai Corp Ltd (JAICORPLTD): 10.3
2. FlySBS Aviation Ltd (FLYSBS): 13.3
3. Kaveri Seed Company Ltd (KSCL): 14.5
4. Sagility Ltd (SAGILITY): 18.4
5. Delta Corp Ltd (DELTACORP): 18.9

### 20-quarter Guarded PEG history
- KSCL: Sep 2021 — | Dec 2021 0.7 | Mar 2022 — | Jun 2022 — | Sep 2022 0.5 | Dec 2022 — | Mar 2023 — | Jun 2023 0.3 | Sep 2023 0.5 | Dec 2023 0.4 | Mar 2024 — | Jun 2024 1.2 | Sep 2024 — | Dec 2024 3.0 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- EVEREADY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 1.1 | Mar 2024 — | Jun 2024 2.1 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter P/E history
- 512062: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 19.1 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 4.7 | Mar 2026 17.8 | Jun 2026 —
- 526530: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 10.2 | Sep 2024 38.4 | Dec 2024 37.5 | Mar 2025 13.6 | Jun 2025 12.1 | Sep 2025 24.8 | Dec 2025 26.3 | Mar 2026 24.6 | Jun 2026 —
- 543624: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 4.9 | Jun 2023 — | Sep 2023 34.7 | Dec 2023 — | Mar 2024 121.6 | Jun 2024 — | Sep 2024 119.5 | Dec 2024 385.3 | Mar 2025 282.4 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- 543895: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 25.6 | Dec 2023 — | Mar 2024 31.7 | Jun 2024 — | Sep 2024 29.7 | Dec 2024 — | Mar 2025 20.8 | Jun 2025 — | Sep 2025 22.3 | Dec 2025 — | Mar 2026 14.6 | Jun 2026 —
- 544091: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 63.5 | Dec 2025 — | Mar 2026 50.7 | Jun 2026 —
- GMRAIRPORT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -30.8 | Dec 2022 198.4 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 -300.3 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 -302.4 | Mar 2026 509.9 | Jun 2026 —
- AEGISVOPAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.3 | Sep 2025 128.3 | Dec 2025 131.9 | Mar 2026 71.8 | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 101.6 | Mar 2025 81.0 | Jun 2025 36.3 | Sep 2025 30.4 | Dec 2025 30.8 | Mar 2026 22.3 | Jun 2026 19.9
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 0.0 | Jun 2026 28.9
- EMBDL: Sep 2021 66.1 | Dec 2021 38.6 | Mar 2022 38.9 | Jun 2022 189.1 | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 52.9 | Sep 2025 41.1 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- INOXGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 278.3 | Dec 2023 210.2 | Mar 2024 515.4 | Jun 2024 173.8 | Sep 2024 227.7 | Dec 2024 167.3 | Mar 2025 109.1 | Jun 2025 297.1 | Sep 2025 187.8 | Dec 2025 126.0 | Mar 2026 61.9 | Jun 2026 —
- RTNINDIA: Sep 2021 — | Dec 2021 — | Mar 2022 11.5 | Jun 2022 10.5 | Sep 2022 19.1 | Dec 2022 13.1 | Mar 2023 11.6 | Jun 2023 12.8 | Sep 2023 71.1 | Dec 2023 53.3 | Mar 2024 22.8 | Jun 2024 24.5 | Sep 2024 9.2 | Dec 2024 12.3 | Mar 2025 15.8 | Jun 2025 103.7 | Sep 2025 84.5 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- KSCL: Sep 2021 16.0 | Dec 2021 16.5 | Mar 2022 15.8 | Jun 2022 14.3 | Sep 2022 9.9 | Dec 2022 12.3 | Mar 2023 10.1 | Jun 2023 10.9 | Sep 2023 11.2 | Dec 2023 11.1 | Mar 2024 12.3 | Jun 2024 17.5 | Sep 2024 16.9 | Dec 2024 15.0 | Mar 2025 21.4 | Jun 2025 21.5 | Sep 2025 17.0 | Dec 2025 16.6 | Mar 2026 13.5 | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 17.8 | Mar 2026 20.0 | Jun 2026 —
- EVEREADY: Sep 2021 8.4 | Dec 2021 7.2 | Mar 2022 9.2 | Jun 2022 46.4 | Sep 2022 60.7 | Dec 2022 120.4 | Mar 2023 110.0 | Jun 2023 91.1 | Sep 2023 92.7 | Dec 2023 60.8 | Mar 2024 54.8 | Jun 2024 38.0 | Sep 2024 48.0 | Dec 2024 37.4 | Mar 2025 27.5 | Jun 2025 27.8 | Sep 2025 31.8 | Dec 2025 31.6 | Mar 2026 26.1 | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 39.1 | Jun 2024 79.6 | Sep 2024 73.7 | Dec 2024 60.7 | Mar 2025 49.7 | Jun 2025 50.9 | Sep 2025 -11.6 | Dec 2025 -11.2 | Mar 2026 — | Jun 2026 —
- JAICORPLTD: Sep 2021 22.2 | Dec 2021 20.0 | Mar 2022 41.0 | Jun 2022 35.6 | Sep 2022 60.3 | Dec 2022 58.0 | Mar 2023 56.8 | Jun 2023 91.1 | Sep 2023 159.9 | Dec 2023 212.3 | Mar 2024 138.0 | Jun 2024 128.6 | Sep 2024 110.6 | Dec 2024 84.9 | Mar 2025 23.8 | Jun 2025 29.6 | Sep 2025 16.0 | Dec 2025 13.9 | Mar 2026 9.6 | Jun 2026 —
- DELTACORP: Sep 2021 — | Dec 2021 90.1 | Mar 2022 114.3 | Jun 2022 63.2 | Sep 2022 33.4 | Dec 2022 22.8 | Mar 2023 18.4 | Jun 2023 26.0 | Sep 2023 14.0 | Dec 2023 14.3 | Mar 2024 13.3 | Jun 2024 16.5 | Sep 2024 19.8 | Dec 2024 22.3 | Mar 2025 13.6 | Jun 2025 15.6 | Sep 2025 14.4 | Dec 2025 12.8 | Mar 2026 15.2 | Jun 2026 —
- AEROENTER: Sep 2021 22.0 | Dec 2021 20.0 | Mar 2022 16.3 | Jun 2022 11.3 | Sep 2022 11.8 | Dec 2022 19.3 | Mar 2023 17.9 | Jun 2023 22.7 | Sep 2023 12.2 | Dec 2023 5.0 | Mar 2024 3.8 | Jun 2024 17.5 | Sep 2024 6.9 | Dec 2024 26.0 | Mar 2025 19.0 | Jun 2025 21.2 | Sep 2025 19.0 | Dec 2025 20.6 | Mar 2026 14.7 | Jun 2026 —
- TCC: Sep 2021 -925.8 | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 10.8 | Mar 2023 1.4 | Jun 2023 0.4 | Sep 2023 18.2 | Dec 2023 18.8 | Mar 2024 46.5 | Jun 2024 58.2 | Sep 2024 36.8 | Dec 2024 41.4 | Mar 2025 31.7 | Jun 2025 59.9 | Sep 2025 47.7 | Dec 2025 39.5 | Mar 2026 26.2 | Jun 2026 —
- GULPOLY: Sep 2021 14.2 | Dec 2021 13.5 | Mar 2022 20.3 | Jun 2022 18.2 | Sep 2022 26.1 | Dec 2022 30.7 | Mar 2023 23.3 | Jun 2023 34.8 | Sep 2023 32.6 | Dec 2023 40.3 | Mar 2024 39.5 | Jun 2024 70.2 | Sep 2024 63.0 | Dec 2024 49.5 | Mar 2025 46.3 | Jun 2025 45.0 | Sep 2025 32.8 | Dec 2025 20.4 | Mar 2026 21.0 | Jun 2026 —
- JINDALPHOT: Sep 2021 0.4 | Dec 2021 0.5 | Mar 2022 0.5 | Jun 2022 0.3 | Sep 2022 0.9 | Dec 2022 2.2 | Mar 2023 1.4 | Jun 2023 2.1 | Sep 2023 3.7 | Dec 2023 3.5 | Mar 2024 2.5 | Jun 2024 3.5 | Sep 2024 3.0 | Dec 2024 2.7 | Mar 2025 2.3 | Jun 2025 4.3 | Sep 2025 4.9 | Dec 2025 10.1 | Mar 2026 9.3 | Jun 2026 —
- GKWLIMITED: Sep 2021 17.4 | Dec 2021 15.2 | Mar 2022 22.3 | Jun 2022 23.7 | Sep 2022 44.5 | Dec 2022 36.3 | Mar 2023 28.6 | Jun 2023 58.8 | Sep 2023 38.0 | Dec 2023 60.9 | Mar 2024 47.6 | Jun 2024 117.5 | Sep 2024 143.9 | Dec 2024 129.6 | Mar 2025 104.5 | Jun 2025 -152.0 | Sep 2025 — | Dec 2025 143.4 | Mar 2026 127.1 | Jun 2026 —
- SVLL: Sep 2021 22.3 | Dec 2021 29.8 | Mar 2022 40.1 | Jun 2022 49.6 | Sep 2022 86.1 | Dec 2022 88.9 | Mar 2023 78.9 | Jun 2023 124.9 | Sep 2023 76.4 | Dec 2023 77.5 | Mar 2024 81.9 | Jun 2024 86.0 | Sep 2024 — | Dec 2024 306.0 | Mar 2025 208.0 | Jun 2025 246.0 | Sep 2025 202.7 | Dec 2025 — | Mar 2026 95.5 | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 10.7 | Sep 2024 85.9 | Dec 2024 82.7 | Mar 2025 63.5 | Jun 2025 68.6 | Sep 2025 51.0 | Dec 2025 35.4 | Mar 2026 31.2 | Jun 2026 —
- PARIN: Sep 2021 11.5 | Dec 2021 — | Mar 2022 43.5 | Jun 2022 — | Sep 2022 31.4 | Dec 2022 — | Mar 2023 26.8 | Jun 2023 — | Sep 2023 27.2 | Dec 2023 — | Mar 2024 39.0 | Jun 2024 — | Sep 2024 163.5 | Dec 2024 — | Mar 2025 222.3 | Jun 2025 — | Sep 2025 81.2 | Dec 2025 — | Mar 2026 77.8 | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 23.3 | Dec 2025 — | Mar 2026 11.3 | Jun 2026 —
- PROZONER: Sep 2021 -37.8 | Dec 2021 — | Mar 2022 -92.8 | Jun 2022 186.7 | Sep 2022 199.6 | Dec 2022 34.3 | Mar 2023 13.2 | Jun 2023 15.7 | Sep 2023 14.0 | Dec 2023 23.6 | Mar 2024 34.9 | Jun 2024 101.6 | Sep 2024 104.5 | Dec 2024 -40.6 | Mar 2025 — | Jun 2025 -17.8 | Sep 2025 -27.4 | Dec 2025 -29.6 | Mar 2026 58.5 | Jun 2026 —
- TAKE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 5.6 | Mar 2025 — | Jun 2025 — | Sep 2025 47.4 | Dec 2025 73.3 | Mar 2026 73.4 | Jun 2026 —
- RAMANEWS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 85.8 | Jun 2023 50.8 | Sep 2023 47.3 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- GLOBAL: Sep 2021 — | Dec 2021 8.3 | Mar 2022 9.2 | Jun 2022 16.3 | Sep 2022 46.2 | Dec 2022 53.3 | Mar 2023 39.9 | Jun 2023 49.7 | Sep 2023 13.9 | Dec 2023 18.2 | Mar 2024 12.2 | Jun 2024 10.2 | Sep 2024 11.8 | Dec 2024 11.3 | Mar 2025 7.3 | Jun 2025 11.4 | Sep 2025 13.0 | Dec 2025 21.1 | Mar 2026 21.8 | Jun 2026 —
- RKSWAMY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 5.4 | Jun 2024 28.9 | Sep 2024 28.7 | Dec 2024 35.9 | Mar 2025 33.8 | Jun 2025 51.6 | Sep 2025 38.0 | Dec 2025 28.8 | Mar 2026 18.3 | Jun 2026 —

## Enterprise Value & Book Value

What the numbers say: Aeroflex Enterprises Ltd leads ev/ebitda at 4.7×; GKW Ltd leads p/bv at 0.38×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Aeroflex Enterprises Ltd · 4.7× | 23% versus #2 · R K Swamy Ltd | 0/8 recent comparable periods | 36/36 companies · 400 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. Aeroflex Enterprises Ltd (AEROENTER): 4.7
2. R K Swamy Ltd (RKSWAMY): 6.1
3. Delta Corp Ltd (DELTACORP): 7.8
4. Jai Corp Ltd (JAICORPLTD): 8.0
5. Indiqube Spaces Ltd (INDIQUBE): 8.3

### P/BV — lowest P/BV
1. GKW Ltd (GKWLIMITED): 0.4
2. Shipping Corporation of India Land & Assets Ltd (SCILAL): 0.6
3. Delta Corp Ltd (DELTACORP): 0.8
4. TCC Concept Ltd (TCC): 0.8
5. Embassy Developments Ltd (EMBDL): 0.9

### 20-quarter EV/EBITDA history
- 512062: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 31.2 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 178.3 | Mar 2026 777.8 | Jun 2026 —
- 526530: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 5.2 | Sep 2024 18.9 | Dec 2024 18.4 | Mar 2025 7.0 | Jun 2025 6.2 | Sep 2025 12.3 | Dec 2025 13.4 | Mar 2026 12.6 | Jun 2026 —
- 543624: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 3.2 | Jun 2023 — | Sep 2023 63.2 | Dec 2023 — | Mar 2024 222.0 | Jun 2024 — | Sep 2024 70.5 | Dec 2024 220.3 | Mar 2025 161.5 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- 543895: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 23.4 | Dec 2023 — | Mar 2024 31.3 | Jun 2024 — | Sep 2024 18.2 | Dec 2024 — | Mar 2025 12.7 | Jun 2025 — | Sep 2025 15.9 | Dec 2025 — | Mar 2026 11.4 | Jun 2026 —
- 544091: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 30.4 | Dec 2025 — | Mar 2026 26.4 | Jun 2026 —
- GMRAIRPORT: Sep 2021 20.1 | Dec 2021 19.8 | Mar 2022 35.0 | Jun 2022 21.5 | Sep 2022 17.8 | Dec 2022 18.5 | Mar 2023 18.1 | Jun 2023 20.9 | Sep 2023 24.0 | Dec 2023 26.5 | Mar 2024 25.6 | Jun 2024 23.6 | Sep 2024 35.2 | Dec 2024 30.7 | Mar 2025 27.4 | Jun 2025 28.0 | Sep 2025 27.9 | Dec 2025 28.7 | Mar 2026 23.1 | Jun 2026 —
- AEGISVOPAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 74.8 | Sep 2025 50.8 | Dec 2025 53.3 | Mar 2026 32.5 | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 23.5 | Mar 2025 18.9 | Jun 2025 16.1 | Sep 2025 14.2 | Dec 2025 15.5 | Mar 2026 11.8 | Jun 2026 10.5
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 10.8 | Jun 2026 18.9
- EMBDL: Sep 2021 20.8 | Dec 2021 18.7 | Mar 2022 23.0 | Jun 2022 48.0 | Sep 2022 51.7 | Dec 2022 77.0 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 218.6 | Dec 2024 59.3 | Mar 2025 58.0 | Jun 2025 32.7 | Sep 2025 34.9 | Dec 2025 31.6 | Mar 2026 48.6 | Jun 2026 —
- INOXGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 38.8 | Mar 2023 19.1 | Jun 2023 25.7 | Sep 2023 23.6 | Dec 2023 31.3 | Mar 2024 41.3 | Jun 2024 51.5 | Sep 2024 72.0 | Dec 2024 55.0 | Mar 2025 37.6 | Jun 2025 62.6 | Sep 2025 63.4 | Dec 2025 54.5 | Mar 2026 35.1 | Jun 2026 —
- RTNINDIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 10.4 | Sep 2022 19.9 | Dec 2022 13.5 | Mar 2023 10.8 | Jun 2023 — | Sep 2023 43.3 | Dec 2023 37.6 | Mar 2024 18.8 | Jun 2024 19.8 | Sep 2024 7.9 | Dec 2024 10.0 | Mar 2025 11.7 | Jun 2025 37.1 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- KSCL: Sep 2021 14.1 | Dec 2021 13.6 | Mar 2022 13.2 | Jun 2022 12.0 | Sep 2022 8.8 | Dec 2022 10.3 | Mar 2023 8.6 | Jun 2023 9.2 | Sep 2023 9.8 | Dec 2023 9.7 | Mar 2024 9.8 | Jun 2024 13.7 | Sep 2024 14.5 | Dec 2024 12.8 | Mar 2025 18.3 | Jun 2025 17.9 | Sep 2025 14.2 | Dec 2025 13.6 | Mar 2026 10.9 | Jun 2026 —
- INDIQUBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 13.7 | Dec 2025 13.2 | Mar 2026 8.3 | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 12.4 | Mar 2026 12.0 | Jun 2026 —
- ANZEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 28.7 | Sep 2023 29.2 | Dec 2023 28.7 | Mar 2024 10.3 | Jun 2024 10.4 | Sep 2024 10.7 | Dec 2024 10.4 | Mar 2025 12.6 | Jun 2025 17.8 | Sep 2025 14.9 | Dec 2025 13.7 | Mar 2026 15.1 | Jun 2026 —
- EVEREADY: Sep 2021 13.2 | Dec 2021 12.2 | Mar 2022 17.0 | Jun 2022 20.1 | Sep 2022 24.9 | Dec 2022 32.1 | Mar 2023 32.7 | Jun 2023 24.1 | Sep 2023 26.3 | Dec 2023 22.7 | Mar 2024 21.8 | Jun 2024 20.4 | Sep 2024 25.4 | Dec 2024 20.8 | Mar 2025 16.2 | Jun 2025 16.8 | Sep 2025 19.6 | Dec 2025 17.0 | Mar 2026 14.1 | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 27.3 | Jun 2024 62.0 | Sep 2024 58.4 | Dec 2024 46.2 | Mar 2025 35.7 | Jun 2025 37.2 | Sep 2025 32.8 | Dec 2025 36.7 | Mar 2026 28.7 | Jun 2026 —
- JAICORPLTD: Sep 2021 14.8 | Dec 2021 12.7 | Mar 2022 23.4 | Jun 2022 26.6 | Sep 2022 39.1 | Dec 2022 35.2 | Mar 2023 37.8 | Jun 2023 46.6 | Sep 2023 69.7 | Dec 2023 104.7 | Mar 2024 71.2 | Jun 2024 83.6 | Sep 2024 75.6 | Dec 2024 57.0 | Mar 2025 16.1 | Jun 2025 23.3 | Sep 2025 14.8 | Dec 2025 11.8 | Mar 2026 8.0 | Jun 2026 —
- DELTACORP: Sep 2021 133.6 | Dec 2021 93.3 | Mar 2022 51.4 | Jun 2022 27.3 | Sep 2022 18.5 | Dec 2022 13.9 | Mar 2023 11.8 | Jun 2023 16.9 | Sep 2023 9.1 | Dec 2023 9.2 | Mar 2024 7.8 | Jun 2024 9.6 | Sep 2024 11.1 | Dec 2024 11.8 | Mar 2025 9.0 | Jun 2025 10.2 | Sep 2025 9.6 | Dec 2025 8.5 | Mar 2026 7.8 | Jun 2026 —
- AEROENTER: Sep 2021 12.6 | Dec 2021 12.3 | Mar 2022 10.3 | Jun 2022 7.3 | Sep 2022 8.0 | Dec 2022 11.7 | Mar 2023 10.4 | Jun 2023 14.0 | Sep 2023 8.3 | Dec 2023 3.0 | Mar 2024 2.0 | Jun 2024 7.8 | Sep 2024 4.0 | Dec 2024 8.8 | Mar 2025 6.0 | Jun 2025 6.6 | Sep 2025 6.2 | Dec 2025 7.2 | Mar 2026 4.7 | Jun 2026 —
- TCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.3 | Sep 2023 85.9 | Dec 2023 206.0 | Mar 2024 38.0 | Jun 2024 37.2 | Sep 2024 47.3 | Dec 2024 44.3 | Mar 2025 33.2 | Jun 2025 60.9 | Sep 2025 29.9 | Dec 2025 33.1 | Mar 2026 16.2 | Jun 2026 —
- GULPOLY: Sep 2021 8.0 | Dec 2021 7.6 | Mar 2022 11.5 | Jun 2022 9.7 | Sep 2022 12.9 | Dec 2022 15.9 | Mar 2023 12.9 | Jun 2023 19.1 | Sep 2023 17.9 | Dec 2023 18.8 | Mar 2024 17.4 | Jun 2024 21.3 | Sep 2024 22.3 | Dec 2024 19.6 | Mar 2025 16.9 | Jun 2025 14.5 | Sep 2025 11.6 | Dec 2025 9.6 | Mar 2026 9.8 | Jun 2026 —
- UNITECH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 125.5 | Dec 2023 132.3 | Mar 2024 154.2 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 26.7 | Dec 2025 14.9 | Mar 2026 13.3 | Jun 2026 —
- JINDALPHOT: Sep 2021 0.6 | Dec 2021 0.6 | Mar 2022 0.6 | Jun 2022 0.4 | Sep 2022 1.0 | Dec 2022 2.6 | Mar 2023 1.7 | Jun 2023 2.5 | Sep 2023 4.0 | Dec 2023 3.9 | Mar 2024 2.8 | Jun 2024 3.6 | Sep 2024 3.1 | Dec 2024 2.8 | Mar 2025 2.4 | Jun 2025 4.5 | Sep 2025 5.1 | Dec 2025 10.0 | Mar 2026 56.3 | Jun 2026 —
- GKWLIMITED: Sep 2021 12.2 | Dec 2021 10.5 | Mar 2022 14.1 | Jun 2022 14.3 | Sep 2022 25.1 | Dec 2022 19.7 | Mar 2023 16.1 | Jun 2023 33.5 | Sep 2023 25.5 | Dec 2023 41.6 | Mar 2024 33.4 | Jun 2024 78.4 | Sep 2024 87.6 | Dec 2024 74.1 | Mar 2025 — | Jun 2025 — | Sep 2025 82.4 | Dec 2025 — | Mar 2026 27.6 | Jun 2026 —
- SVLL: Sep 2021 11.4 | Dec 2021 11.5 | Mar 2022 10.6 | Jun 2022 10.8 | Sep 2022 11.8 | Dec 2022 13.3 | Mar 2023 10.2 | Jun 2023 11.5 | Sep 2023 8.5 | Dec 2023 12.4 | Mar 2024 14.2 | Jun 2024 13.9 | Sep 2024 17.9 | Dec 2024 17.0 | Mar 2025 17.7 | Jun 2025 25.9 | Sep 2025 24.8 | Dec 2025 26.2 | Mar 2026 15.3 | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 31.1 | Sep 2024 29.3 | Dec 2024 24.0 | Mar 2025 18.4 | Jun 2025 21.7 | Sep 2025 16.7 | Dec 2025 13.1 | Mar 2026 10.3 | Jun 2026 —
- PARIN: Sep 2021 7.1 | Dec 2021 — | Mar 2022 13.9 | Jun 2022 — | Sep 2022 14.7 | Dec 2022 — | Mar 2023 13.5 | Jun 2023 — | Sep 2023 12.6 | Dec 2023 — | Mar 2024 17.6 | Jun 2024 — | Sep 2024 46.2 | Dec 2024 — | Mar 2025 57.2 | Jun 2025 — | Sep 2025 33.2 | Dec 2025 — | Mar 2026 30.2 | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 20.0 | Dec 2025 — | Mar 2026 8.4 | Jun 2026 —
- PROZONER: Sep 2021 20.5 | Dec 2021 18.3 | Mar 2022 12.8 | Jun 2022 11.9 | Sep 2022 9.2 | Dec 2022 9.2 | Mar 2023 7.1 | Jun 2023 7.2 | Sep 2023 6.7 | Dec 2023 7.8 | Mar 2024 8.0 | Jun 2024 11.2 | Sep 2024 14.1 | Dec 2024 15.2 | Mar 2025 14.5 | Jun 2025 15.0 | Sep 2025 15.0 | Dec 2025 14.6 | Mar 2026 12.1 | Jun 2026 —
- TAKE: Sep 2021 72.9 | Dec 2021 9.9 | Mar 2022 9.4 | Jun 2022 31.1 | Sep 2022 14.5 | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 127.1 | Mar 2024 75.0 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 53.0 | Sep 2025 30.8 | Dec 2025 102.6 | Mar 2026 116.5 | Jun 2026 —
- SABTNL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 115.4 | Sep 2025 125.7 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- RAMANEWS: Sep 2021 — | Dec 2021 — | Mar 2022 87.1 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 238.9 | Jun 2023 168.7 | Sep 2023 92.4 | Dec 2023 96.3 | Mar 2024 72.7 | Jun 2024 82.7 | Sep 2024 68.7 | Dec 2024 54.4 | Mar 2025 74.8 | Jun 2025 72.6 | Sep 2025 75.3 | Dec 2025 76.6 | Mar 2026 — | Jun 2026 —
- GLOBAL: Sep 2021 — | Dec 2021 4.8 | Mar 2022 5.4 | Jun 2022 9.7 | Sep 2022 27.5 | Dec 2022 31.6 | Mar 2023 23.6 | Jun 2023 29.2 | Sep 2023 9.0 | Dec 2023 12.4 | Mar 2024 8.3 | Jun 2024 6.9 | Sep 2024 8.0 | Dec 2024 7.8 | Mar 2025 5.0 | Jun 2025 7.7 | Sep 2025 8.8 | Dec 2025 13.7 | Mar 2026 14.0 | Jun 2026 —
- RKSWAMY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 20.8 | Jun 2024 18.5 | Sep 2024 14.5 | Dec 2024 17.5 | Mar 2025 16.1 | Jun 2025 19.8 | Sep 2025 14.8 | Dec 2025 10.6 | Mar 2026 6.1 | Jun 2026 —

### 20-quarter P/BV history
- 512062: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 1.1 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 1.0 | Mar 2026 1.8 | Jun 2026 —
- 526530: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 2.1 | Sep 2024 8.0 | Dec 2024 6.7 | Mar 2025 4.5 | Jun 2025 4.7 | Sep 2025 4.2 | Dec 2025 4.1 | Mar 2026 3.8 | Jun 2026 —
- 543624: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 1.2 | Dec 2023 — | Mar 2024 13.3 | Jun 2024 — | Sep 2024 1.6 | Dec 2024 32.7 | Mar 2025 24.0 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- 543895: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 8.6 | Jun 2024 — | Sep 2024 4.7 | Dec 2024 — | Mar 2025 3.4 | Jun 2025 — | Sep 2025 7.0 | Dec 2025 — | Mar 2026 3.5 | Jun 2026 —
- 544091: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 4.6 | Dec 2025 — | Mar 2026 2.6 | Jun 2026 —
- GMRAIRPORT: Sep 2021 -11.8 | Dec 2021 -13.2 | Mar 2022 -11.4 | Jun 2022 -12.2 | Sep 2022 -18.8 | Dec 2022 -21.0 | Mar 2023 -30.0 | Jun 2023 -32.4 | Sep 2023 -45.5 | Dec 2023 -48.6 | Mar 2024 -49.2 | Jun 2024 -73.7 | Sep 2024 -26.5 | Dec 2024 -49.1 | Mar 2025 -47.0 | Jun 2025 -29.8 | Sep 2025 -36.8 | Dec 2025 -39.5 | Mar 2026 -34.4 | Jun 2026 —
- AEGISVOPAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 6.1 | Dec 2025 5.8 | Mar 2026 3.8 | Jun 2026 —
- SAGILITY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 3.0 | Mar 2025 2.6 | Jun 2025 2.4 | Sep 2025 2.4 | Dec 2025 2.8 | Mar 2026 2.2 | Jun 2026 2.0
- CMPDI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 4.8 | Jun 2026 7.8
- EMBDL: Sep 2021 2.0 | Dec 2021 2.0 | Mar 2022 1.4 | Jun 2022 0.8 | Sep 2022 1.0 | Dec 2022 1.0 | Mar 2023 0.7 | Jun 2023 0.8 | Sep 2023 1.4 | Dec 2023 1.6 | Mar 2024 2.1 | Jun 2024 2.4 | Sep 2024 3.0 | Dec 2024 1.6 | Mar 2025 1.6 | Jun 2025 2.7 | Sep 2025 1.2 | Dec 2025 0.8 | Mar 2026 0.6 | Jun 2026 —
- INOXGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.5 | Jun 2023 1.6 | Sep 2023 1.7 | Dec 2023 2.3 | Mar 2024 2.6 | Jun 2024 4.6 | Sep 2024 4.6 | Dec 2024 3.1 | Mar 2025 2.3 | Jun 2025 3.3 | Sep 2025 3.9 | Dec 2025 3.9 | Mar 2026 2.6 | Jun 2026 —
- RTNINDIA: Sep 2021 71.7 | Dec 2021 83.5 | Mar 2022 81.0 | Jun 2022 68.9 | Sep 2022 11.1 | Dec 2022 10.0 | Mar 2023 7.0 | Jun 2023 8.2 | Sep 2023 19.2 | Dec 2023 14.4 | Mar 2024 13.1 | Jun 2024 28.5 | Sep 2024 12.7 | Dec 2024 6.1 | Mar 2025 3.9 | Jun 2025 10.4 | Sep 2025 7.8 | Dec 2025 5.5 | Mar 2026 3.6 | Jun 2026 —
- KSCL: Sep 2021 2.8 | Dec 2021 2.5 | Mar 2022 2.4 | Jun 2022 2.5 | Sep 2022 1.7 | Dec 2022 2.0 | Mar 2023 2.2 | Jun 2023 2.3 | Sep 2023 2.5 | Dec 2023 2.1 | Mar 2024 2.1 | Jun 2024 3.8 | Sep 2024 4.3 | Dec 2024 2.9 | Mar 2025 4.2 | Jun 2025 4.9 | Sep 2025 3.6 | Dec 2025 2.8 | Mar 2026 2.3 | Jun 2026 —
- INDIQUBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 8.0 | Mar 2026 5.2 | Jun 2026 —
- TRUALT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 2.5 | Mar 2026 2.5 | Jun 2026 —
- ANZEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.1 | Sep 2023 1.1 | Dec 2023 1.1 | Mar 2024 1.1 | Jun 2024 1.1 | Sep 2024 1.2 | Dec 2024 1.3 | Mar 2025 1.4 | Jun 2025 1.4 | Sep 2025 1.6 | Dec 2025 1.6 | Mar 2026 1.7 | Jun 2026 —
- EVEREADY: Sep 2021 11.1 | Dec 2021 7.0 | Mar 2022 8.2 | Jun 2022 7.4 | Sep 2022 7.1 | Dec 2022 8.0 | Mar 2023 7.3 | Jun 2023 8.7 | Sep 2023 8.9 | Dec 2023 6.8 | Mar 2024 6.6 | Jun 2024 7.9 | Sep 2024 8.8 | Dec 2024 6.5 | Mar 2025 5.0 | Jun 2025 5.9 | Sep 2025 6.1 | Dec 2025 5.0 | Mar 2026 4.2 | Jun 2026 —
- SCILAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 0.6 | Jun 2024 1.2 | Sep 2024 1.0 | Dec 2024 0.9 | Mar 2025 0.7 | Jun 2025 0.8 | Sep 2025 0.8 | Dec 2025 0.7 | Mar 2026 0.6 | Jun 2026 —
- JAICORPLTD: Sep 2021 2.2 | Dec 2021 1.5 | Mar 2022 1.4 | Jun 2022 1.6 | Sep 2022 2.3 | Dec 2022 1.8 | Mar 2023 2.0 | Jun 2023 2.5 | Sep 2023 3.2 | Dec 2023 4.8 | Mar 2024 3.5 | Jun 2024 5.7 | Sep 2024 5.4 | Dec 2024 4.1 | Mar 2025 1.1 | Jun 2025 1.6 | Sep 2025 2.2 | Dec 2025 1.6 | Mar 2026 1.1 | Jun 2026 —
- DELTACORP: Sep 2021 3.3 | Dec 2021 3.6 | Mar 2022 4.5 | Jun 2022 2.4 | Sep 2022 2.5 | Dec 2022 2.7 | Mar 2023 2.4 | Jun 2023 3.4 | Sep 2023 1.7 | Dec 2023 1.7 | Mar 2024 1.3 | Jun 2024 1.6 | Sep 2024 1.4 | Dec 2024 1.2 | Mar 2025 0.9 | Jun 2025 0.9 | Sep 2025 0.8 | Dec 2025 0.8 | Mar 2026 0.7 | Jun 2026 —
- AEROENTER: Sep 2021 2.2 | Dec 2021 2.4 | Mar 2022 2.5 | Jun 2022 2.4 | Sep 2022 2.0 | Dec 2022 3.4 | Mar 2023 3.3 | Jun 2023 3.5 | Sep 2023 4.5 | Dec 2023 2.1 | Mar 2024 1.6 | Jun 2024 1.6 | Sep 2024 2.2 | Dec 2024 1.8 | Mar 2025 1.4 | Jun 2025 1.7 | Sep 2025 1.4 | Dec 2025 1.4 | Mar 2026 1.0 | Jun 2026 —
- TCC: Sep 2021 0.6 | Dec 2021 0.6 | Mar 2022 0.7 | Jun 2022 0.7 | Sep 2022 0.7 | Dec 2022 0.7 | Mar 2023 0.4 | Jun 2023 0.5 | Sep 2023 0.9 | Dec 2023 2.7 | Mar 2024 5.5 | Jun 2024 6.3 | Sep 2024 5.3 | Dec 2024 3.1 | Mar 2025 2.4 | Jun 2025 6.0 | Sep 2025 2.8 | Dec 2025 2.3 | Mar 2026 2.2 | Jun 2026 —
- GULPOLY: Sep 2021 3.2 | Dec 2021 3.1 | Mar 2022 3.2 | Jun 2022 2.4 | Sep 2022 2.4 | Dec 2022 2.4 | Mar 2023 1.8 | Jun 2023 2.7 | Sep 2023 2.5 | Dec 2023 2.3 | Mar 2024 1.8 | Jun 2024 2.2 | Sep 2024 2.5 | Dec 2024 1.8 | Mar 2025 1.9 | Jun 2025 1.9 | Sep 2025 1.5 | Dec 2025 1.4 | Mar 2026 1.4 | Jun 2026 —
- UNITECH: Sep 2021 0.1 | Dec 2021 0.4 | Mar 2022 0.2 | Jun 2022 0.1 | Sep 2022 2.2 | Dec 2022 2.1 | Mar 2023 0.1 | Jun 2023 0.2 | Sep 2023 -0.9 | Dec 2023 -0.8 | Mar 2024 -1.4 | Jun 2024 -0.6 | Sep 2024 -0.8 | Dec 2024 -0.4 | Mar 2025 -0.3 | Jun 2025 -0.5 | Sep 2025 -0.3 | Dec 2025 -0.2 | Mar 2026 -0.1 | Jun 2026 —
- JINDALPHOT: Sep 2021 4.8 | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 8.3 | Sep 2022 0.2 | Dec 2022 0.2 | Mar 2023 0.1 | Jun 2023 0.2 | Sep 2023 0.3 | Dec 2023 0.3 | Mar 2024 0.3 | Jun 2024 0.5 | Sep 2024 0.4 | Dec 2024 0.4 | Mar 2025 0.3 | Jun 2025 1.0 | Sep 2025 1.2 | Dec 2025 1.5 | Mar 2026 1.0 | Jun 2026 —
- GKWLIMITED: Sep 2021 1.1 | Dec 2021 1.0 | Mar 2022 0.9 | Jun 2022 0.9 | Sep 2022 0.2 | Dec 2022 0.1 | Mar 2023 0.1 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 0.4 | Mar 2024 0.4 | Jun 2024 0.7 | Sep 2024 0.7 | Dec 2024 0.6 | Mar 2025 0.4 | Jun 2025 0.5 | Sep 2025 0.4 | Dec 2025 0.4 | Mar 2026 0.3 | Jun 2026 —
- SVLL: Sep 2021 2.9 | Dec 2021 3.2 | Mar 2022 3.3 | Jun 2022 — | Sep 2022 4.2 | Dec 2022 — | Mar 2023 5.2 | Jun 2023 7.4 | Sep 2023 6.1 | Dec 2023 8.0 | Mar 2024 8.0 | Jun 2024 8.5 | Sep 2024 11.5 | Dec 2024 11.9 | Mar 2025 13.3 | Jun 2025 23.7 | Sep 2025 24.1 | Dec 2025 21.8 | Mar 2026 15.2 | Jun 2026 —
- STANLEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 10.5 | Sep 2024 6.1 | Dec 2024 5.4 | Mar 2025 4.3 | Jun 2025 4.3 | Sep 2025 3.6 | Dec 2025 2.5 | Mar 2026 1.6 | Jun 2026 —
- PARIN: Sep 2021 1.1 | Dec 2021 — | Mar 2022 2.1 | Jun 2022 — | Sep 2022 2.5 | Dec 2022 — | Mar 2023 2.1 | Jun 2023 — | Sep 2023 1.4 | Dec 2023 — | Mar 2024 2.9 | Jun 2024 — | Sep 2024 6.4 | Dec 2024 — | Mar 2025 7.1 | Jun 2025 — | Sep 2025 8.8 | Dec 2025 — | Mar 2026 9.8 | Jun 2026 —
- FLYSBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 3.4 | Dec 2025 — | Mar 2026 2.4 | Jun 2026 —
- PROZONER: Sep 2021 0.9 | Dec 2021 1.1 | Mar 2022 0.7 | Jun 2022 0.7 | Sep 2022 0.7 | Dec 2022 1.0 | Mar 2023 0.7 | Jun 2023 0.8 | Sep 2023 0.9 | Dec 2023 1.0 | Mar 2024 0.8 | Jun 2024 0.9 | Sep 2024 0.8 | Dec 2024 0.8 | Mar 2025 0.8 | Jun 2025 1.1 | Sep 2025 1.6 | Dec 2025 1.7 | Mar 2026 1.4 | Jun 2026 —
- TAKE: Sep 2021 0.7 | Dec 2021 0.7 | Mar 2022 0.4 | Jun 2022 0.3 | Sep 2022 2.4 | Dec 2022 2.4 | Mar 2023 1.1 | Jun 2023 1.4 | Sep 2023 3.0 | Dec 2023 3.4 | Mar 2024 3.0 | Jun 2024 2.9 | Sep 2024 2.8 | Dec 2024 -16.6 | Mar 2025 -7.0 | Jun 2025 -12.2 | Sep 2025 7.5 | Dec 2025 16.7 | Mar 2026 18.9 | Jun 2026 —
- SABTNL: Sep 2021 -0.1 | Dec 2021 -0.1 | Mar 2022 -0.1 | Jun 2022 -0.1 | Sep 2022 -0.1 | Dec 2022 -0.1 | Mar 2023 -0.1 | Jun 2023 -0.1 | Sep 2023 -0.1 | Dec 2023 -0.1 | Mar 2024 -0.1 | Jun 2024 -7.7 | Sep 2024 -16.4 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- RAMANEWS: Sep 2021 0.8 | Dec 2021 1.0 | Mar 2022 0.9 | Jun 2022 0.7 | Sep 2022 0.9 | Dec 2022 0.9 | Mar 2023 0.6 | Jun 2023 0.8 | Sep 2023 1.5 | Dec 2023 2.2 | Mar 2024 1.8 | Jun 2024 2.1 | Sep 2024 3.2 | Dec 2024 3.6 | Mar 2025 4.0 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- GLOBAL: Sep 2021 — | Dec 2021 1.8 | Mar 2022 2.0 | Jun 2022 2.9 | Sep 2022 8.2 | Dec 2022 9.4 | Mar 2023 7.1 | Jun 2023 5.3 | Sep 2023 5.2 | Dec 2023 7.6 | Mar 2024 5.4 | Jun 2024 3.9 | Sep 2024 4.0 | Dec 2024 3.5 | Mar 2025 2.0 | Jun 2025 3.6 | Sep 2025 2.9 | Dec 2025 3.9 | Mar 2026 4.0 | Jun 2026 —
- RKSWAMY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 5.6 | Sep 2024 5.1 | Dec 2024 5.4 | Mar 2025 4.7 | Jun 2025 4.0 | Sep 2025 2.9 | Dec 2025 2.3 | Mar 2026 1.5 | Jun 2026 —

## Market action

Take Solutions Ltd has the strongest one-year price move in Miscellaneous at +337.3%. It also leads on Mansfield relative strength against NIFTY at +71.4%. 14 of 30 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

### Strongest one-year price performers
1. Take Solutions Ltd (TAKE): 337%
2. Parin Enterprises Ltd (PARIN): 110%
3. IIRM Holdings India Ltd (526530): 74%
4. Global Education Ltd (GLOBAL): 56%
5. Jindal Photo Ltd (JINDALPHOT): 24%

### Strongest relative strength versus NIFTY 500
1. Take Solutions Ltd (TAKE): 71%
2. IIRM Holdings India Ltd (526530): 41%
3. Maagh Advertising & Marketing Services Ltd (543624): 37%
4. Aeroflex Enterprises Ltd (AEROENTER): 28%
5. Qualitek Labs Ltd (544091): 26%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 15 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 4 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.

## Every company
- GMR Airports Ltd (GMRAIRPORT) — market value ₹1.1 L Cr; latest fundamentals Mar 2026
- Aegis Vopak Terminals Ltd (AEGISVOPAK) — market value ₹32.4K Cr; latest fundamentals Mar 2026; second-feed figures WITHHELD
- Sagility Ltd (SAGILITY) — market value ₹18.9K Cr; latest fundamentals Jun 2026
- Central Mine Planning & Design Institute Ltd (CMPDI) — market value ₹17.7K Cr; latest fundamentals Jun 2026
- Embassy Developments Ltd (EMBDL) — market value ₹8.5K Cr; latest fundamentals Mar 2026; second-feed figures WITHHELD
- Inox Green Energy Services Ltd (INOXGREEN) — market value ₹7.7K Cr; latest fundamentals Mar 2026; second-feed figures WITHHELD
- RattanIndia Enterprises Ltd (RTNINDIA) — market value ₹4.4K Cr; latest fundamentals Mar 2026
- Kaveri Seed Company Ltd (KSCL) — market value ₹4.3K Cr; latest fundamentals Mar 2026
- Indiqube Spaces Ltd (INDIQUBE) — market value ₹3.8K Cr; latest fundamentals Mar 2026; second-feed figures WITHHELD
- TruAlt Bioenergy Ltd (TRUALT) — market value ₹3.7K Cr; latest fundamentals Mar 2026
- Anzen India Energy Yield Plus Trust (ANZEN) — market value ₹3.3K Cr; latest fundamentals Mar 2026
- Eveready Industries India Ltd (EVEREADY) — market value ₹2.6K Cr; latest fundamentals Mar 2026
- Shipping Corporation of India Land & Assets Ltd (SCILAL) — market value ₹1.9K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Jai Corp Ltd (JAICORPLTD) — market value ₹1.8K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Delta Corp Ltd (DELTACORP) — market value ₹1.7K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Aeroflex Enterprises Ltd (AEROENTER) — market value ₹1.4K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- TCC Concept Ltd (TCC) — market value ₹1.3K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Gulshan Polyols Ltd (GULPOLY) — market value ₹1.2K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Unitech Ltd (UNITECH) — market value ₹1.1K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Jindal Photo Ltd (JINDALPHOT) — market value ₹1.1K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- GKW Ltd (GKWLIMITED) — market value ₹980 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Shree Vasu Logistics Ltd (SVLL) — market value ₹888 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- IIRM Holdings India Ltd (526530) — market value ₹886 Cr; latest fundamentals Mar 2026
- Stanley Lifestyles Ltd (STANLEY) — market value ₹879 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Parin Enterprises Ltd (PARIN) — market value ₹810 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- FlySBS Aviation Ltd (FLYSBS) — market value ₹807 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Exhicon Events Media Solutions Ltd (543895) — market value ₹799 Cr; latest fundamentals Mar 2026
- Tandhan Industries Ltd (512062) — market value ₹746 Cr; latest fundamentals Mar 2026
- Prozone Realty Ltd (PROZONER) — market value ₹668 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Take Solutions Ltd (TAKE) — market value ₹644 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Aqylon Nexus Ltd (SABTNL) — market value ₹639 Cr; latest fundamentals Mar 2026
- Maagh Advertising & Marketing Services Ltd (543624) — market value ₹572 Cr; latest fundamentals Mar 2026
- Shree Rama Newsprint Ltd (RAMANEWS) — market value ₹532 Cr; latest fundamentals Dec 2025
- Global Education Ltd (GLOBAL) — market value ₹519 Cr; latest fundamentals Mar 2026
- Qualitek Labs Ltd (544091) — market value ₹513 Cr; latest fundamentals Mar 2026
- R K Swamy Ltd (RKSWAMY) — market value ₹512 Cr; latest fundamentals Mar 2026

## Source standing of each company

Cross-checked: 7. Unverified: 25. Withheld: 4. Graded companies: 36.

15 of 36 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

4 of 36 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Aegis Vopak Terminals Ltd (AEGISVOPAK) — its two data sources disagree by up to 98% on reported income across 8 comparable periods, so its derived ratios are withheld; Embassy Developments Ltd (EMBDL) — its two data sources disagree by up to 341% on reported income across 14 comparable periods, so its derived ratios are withheld; Inox Green Energy Services Ltd (INOXGREEN) — its two data sources disagree by up to 15% on reported income across 13 comparable periods, so its derived ratios are withheld; Indiqube Spaces Ltd (INDIQUBE) — its two data sources disagree by up to 6% on reported income across 8 comparable periods, so its derived ratios are withheld.

- WITHHELD | AEGISVOPAK | Aegis Vopak Terminals Ltd | diff_gt_2pct | disagreement up to 98.39% over 8 comparable periods
- WITHHELD | EMBDL | Embassy Developments Ltd | diff_gt_2pct | disagreement up to 341.09% over 14 comparable periods
- WITHHELD | INOXGREEN | Inox Green Energy Services Ltd | diff_gt_2pct | disagreement up to 15.07% over 13 comparable periods
- WITHHELD | INDIQUBE | Indiqube Spaces Ltd | diff_gt_2pct | disagreement up to 6.04% over 8 comparable periods

- UNVERIFIED | SCILAL | Shipping Corporation of India Land & Assets Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | JAICORPLTD | Jai Corp Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | DELTACORP | Delta Corp Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | AEROENTER | Aeroflex Enterprises Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | TCC | TCC Concept Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | GULPOLY | Gulshan Polyols Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | UNITECH | Unitech Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | JINDALPHOT | Jindal Photo Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | GKWLIMITED | GKW Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | SVLL | Shree Vasu Logistics Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | STANLEY | Stanley Lifestyles Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | PARIN | Parin Enterprises Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | FLYSBS | FlySBS Aviation Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | PROZONER | Prozone Realty Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | TAKE | Take Solutions Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Miscellaneous index?

The Nifty Miscellaneous index tracks India's listed Miscellaneous companies as a single basket. This page follows the same 36 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Miscellaneous sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best Miscellaneous stocks in India?

Ranked by this page's four-factor score, Sagility Ltd places first among 36 listed Miscellaneous companies, followed by IIRM Holdings India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Miscellaneous stocks are listed in India?

This comparison covers 36 listed Miscellaneous companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which Miscellaneous company is the biggest?

GMR Airports Ltd is the largest, with trailing-twelve-month revenue of ₹14,807 crore, ahead of RattanIndia Enterprises Ltd at ₹8,140 crore. That covers 31 of 36 companies with comparable reporting through Mar 2026.

### Which Miscellaneous company is growing fastest?

Exhicon Events Media Solutions Ltd has the fastest revenue growth at 100% year on year, across 29 of 36 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Miscellaneous company has the best profit margins?

Unitech Ltd has the highest operating margin at 184%, from 33 of 36 comparable companies. Take Solutions Ltd shows the biggest recent improvement, at +2932.2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Miscellaneous company makes the most profit?

Sagility Ltd earns the most, at ₹994 crore of trailing-twelve-month net profit, from 31 of 36 comparable companies. Exhicon Events Media Solutions Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Miscellaneous company earns the highest return on capital?

Aqylon Nexus Ltd leads on return on capital employed at 131%, across 36 of 36 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Miscellaneous stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Sagility Ltd screens cheapest at 0.97×. Only 3 of 36 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Miscellaneous company has the strongest balance sheet?

Tandhan Industries Ltd carries the lowest comparable gross debt at ₹0 crore, from 36 of 36 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Which Miscellaneous stock has the strongest price momentum?

Take Solutions Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Miscellaneous company scores highest for research priority?

Sagility Ltd scores 66.9 out of 100 with 87% evidence confidence, from 24.1 points on growth and earnings, 15.9 on capital efficiency, 14.8 on valuation and 12.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Miscellaneous companies does this comparison cover, and over what period?

It compares 36 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Miscellaneous sector?

The 36 Miscellaneous companies on this page carry ₹2,43,482 crore of combined market value. GMR Airports Ltd is the largest at ₹1,13,108 crore, about 46% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### What is the Miscellaneous sector's P/E ratio?

The median price-to-earnings ratio across the 36 Miscellaneous companies on this page is 35×, measured on the 26 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

### How is the Miscellaneous sector performing?

14 of the 30 covered Miscellaneous companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/miscellaneous