Data Patterns share price today

Data Patterns (India) Ltd's share price was ₹4,078.00 at the close on 4 November 2026. It has been rising for 36 weeks. That is 3.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,183 and ₹4,830, and at that close it sat 72% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Data Patterns (India) Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 4.9 years the share price moved +440% while the NIFTY 500 moved +47%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 6 quarters in a row, profit fell in the June 2026 quarter and operating margin down 5 points on a year earlier.

1. Indian funds and insurers (DIIs) raised their stake for 6 quarters in a row

   From 7.4% to 13% of the company by the September 2026 quarter.

2. Profit fell in the June 2026 quarter

   Profit was ₹22 crore, -15.4% on a year earlier (₹26 crore), after 3 quarters of growth.

   Why: Profit fell because other expenses rose, including repairs after a facility revamp and money set aside for old unpaid customer bills.

   Next results: check whether these repair costs and the money set aside for old unpaid customer bills repeat.

   From the earnings call on 31 Jul 2026.

3. Operating margin down 5 points on a year earlier

   27% in the June 2026 quarter, from 32%.

   Why: Revenue was uneven across quarters while costs like research, staff, travel and depreciation stayed largely steady, so the margin shrank.

   From the earnings call on 31 Jul 2026.

For April to June 2026 (the quarter ended 30 June 2026), Data Patterns reported revenue of ₹116 crore, up 17.2% from ₹99.0 crore a year earlier, and a profit of ₹22.0 crore, down 15.4% from ₹26.0 crore.

Data Patterns results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Data Patterns' management discussed these results on a call held on 31 July 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Data Patterns closed at ₹4,078.00 on 4 November 2026, up 55.9% from ₹2,616.20 a year earlier (7 November 2025) and up 440.1% over five years. Its highest weekly close since December 2021 was ₹4,829.90 on 21 August 2026.

Data Patterns share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

261 weekly closes from 24 December 2021 to 4 November 2026.

4 Nov 2026: Data Patterns closed at ₹4,078.00, up 7.3% on the week and down 4.1% on the month. 31 Jul 2026: Data Patterns held its results call for April to June 2026. Management guided: FY27 revenue growth guided at beyond 20.0%-25.0%, with operating margin maintained in the 35.0%-40.0% range.

Earlier

• 24 Jul 2026: ex-date for a dividend of ₹10 a share.
• Results for April to June 2026: Revenue up 17.2% and profit down 15.4% on a year earlier.

Data Patterns paid ₹10 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.25% at the ₹4,078.00 close on 4 November 2026. The last was a dividend of ₹10 a share, ex-date 24 July 2026.

Data Patterns dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Data Patterns (India) Ltd paid out 21% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 31 July 2026, Data Patterns' management guided: FY27 revenue growth guided at beyond 20.0%-25.0%, with operating margin maintained in the 35.0%-40.0% range.

“We are not waiting for contracts. We are developing products, taking them to trials, completing the trials, and getting them ready so that we are prepared when the contracts happen.”S. Rangarajan, Chairman and Managing Director, closing remarks, on the call for April to June 2026

What management guided

• FY27 fresh order inflows expected at around ₹2,000 crore, over and above orders already received and negotiated.
• One delayed negotiated program is expected to convert within another 2 months, with other contracts expected over the next few months; HAL-type deliveries may span 3-5 years and project orders 18-24 months.
• Su-30 jammer pod qualification and first flight trials planned before December for approximately 250 aircraft; BrahMos seeker commercial order expected before FY27 end; Hawk radar software breakthrough planned in 2-3 months.
• Counter-drone contracts are expected to finalize in 3-6 months, with several hundred crores of orders possible during FY27, not revenue; airborne antenna delivery is planned in 6-8 months and exports should scale over 2-3 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 31 July 2026.

What is changing at Data Patterns, from the latest results and calls: order book surge, multi-year revenue visibility, operating leverage on ip-heavy mix and brahmos seeker series production.

• Order Book Surge, Multi-Year Revenue Visibility. Order inflows +216% on a year earlier to ₹1,121 crore in FY26; order book at ₹2,062 crore provides 2-3 years of visibility, all single-tender or already-negotiated production work. ⚠ estimate
• Operating Leverage on IP-Heavy Mix. Operating margin 40% FY26 vs 35% FY25; January to March 2026 hit 56%, in-house IP systems with zero outsourced dependency drive structurally superior margins when they land. ⚠ estimate
• BrahMos Seeker Series Production. BrahMos seeker development complete; production orders forecast 4-5 months ahead with customer mid-FY27 delivery requirement, but this milestone has been '1-2 months away' since August 2025. ⚠ estimate
• Export Expansion, European / Global OEM Partnerships. Export order book ₹53 crore; TPAR precision approach radar exported to European customer; global OEM contracts expected within 3-4 months for development phase. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

Order inflows FY26 surged 216% on a year earlier to ₹1,121 crore across radars, avionics, EW, communication systems.

• Order book reached ₹2,062 crore including ₹1,090 crore negotiated orders as of March 31 2026. ✓ fact
• Formal signed order book at March 31 2026 was ₹926 crore, below ₹1,090 crore in negotiations. ✓ fact

Our read after the latest results, written 17 May 2026.

Cash conversion cycle goal revised from 270-300 days (Nov 2025 + Feb 2026 guidance) to 320-340 days (May 2026), 20-70 day upward revision without explanation, directly impacting free cash flow conversion.

The main risks

• Working Capital Creep, Goal Silently Revised Upward: Cash conversion cycle goal revised from 270-300 days (Nov 2025 + Feb 2026 guidance) to 320-340 days (May 2026), 20-70 day upward revision without explanation, directly impacting free cash flow conversion. ✓ fact
• FY26 Order Inflow Shortfall vs Confirmed Guidance: FY26 order inflows ₹1,121 crore, 25% below ₹1,500 crore threshold management explicitly confirmed in November 2025. ✓ fact

Our read after the latest results, written 17 May 2026.

When Data Patterns reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Q2 operating margin versus Q1's 27.0%: test whether revenue normalization and fixed-cost absorption support progress toward the FY27 35.0%-40.0% goal.

Data Patterns is on 2 of our India lists: Small & mid cap stocks and Defence stocks.

Data Patterns (India) Ltd earned ₹22.0 Cr of net profit in the Jun 2026 quarter, −15.4% on the same quarter a year earlier. Full-year FY26 profit was ₹271 Cr. Over 10 years profit has grown 75.1% a year on average. That is 19.0% of the quarter's revenue. The same quarter a year earlier earned ₹26.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹271 Cr (+22.1% on the year before).

Why profit moved: revenue changed +17.2% on a year earlier and the margin moved −5.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +24.5% and revenue +72.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

Data Patterns (India) Ltd reported ₹116 Cr of revenue in the Jun 2026 quarter, +17.2% on the same quarter a year earlier. Over 10 years it has grown 36.2% a year on average. The last full year, FY26, came in at ₹925 Cr. The last four reported quarters add to ₹941 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The FY26 order book surge is the central thesis. Rs 1,121 Cr of FY26 inflows (radars, avionics, EW, communication systems) versus Rs 522 Cr the prior year. As of March 31 2026, the order book including negotiated orders stood at Rs 2,062 Cr. Additionally, management identifies Rs 1,900 Cr in repeat-order pipeline for FY27 from already-delivered customer-accepted systems, these are single-tender production orders with lower execution uncertainty than development work. The key risk is timing: management has missed three consecutive quarterly milestones on negotiated order conversion.

FY26 revenue was ₹925 Cr, +30.6% on the year before.

Recent pace: the last four quarters grew +72.4% on average, against 36.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +33.9%, against +32.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +24.2%, against +18.9% a year (accelerating).

Data Patterns (India) Ltd's operating margin was 27.0% in the Jun 2026 quarter, 5.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 16.0% and 45.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The BrahMos seeker is the highest-profile single catalyst. Development is complete, flight testing done. Management in May 2026 said production orders are 4-5 months ahead given customer's mid-FY27 delivery requirement. However, this is the fourth consecutive call in which production orders are described as imminent: August 2025 (1-2 months), November 2025 (negotiations complete, contract has to come), February 2026 (deliveries in 1-2 months ahead of schedule), May 2026 (4-5 months from development completion). When it lands, it is expected to be a large recurring production order with monthly deliveries, hence HIGH magnitude. Until it converts, it is a watch item not a driver.

Why the margin moved: operating margin changed −5.3 percentage points on the year while gross margin changed −0.9 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 19% of Data Patterns (India) Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹80.0 Cr of operating cash against ₹271 Cr of profit. After ₹61.0 Cr of spending on assets, ₹19.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Data Patterns (India) Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹925 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹274 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 9.9% of FY26 revenue a year.

Spending on assets: ₹274 Cr over the last 3 years, against ₹53.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹74.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Data Patterns (India) Ltd's P/E is 84.5×, in the middle of its own history: higher than 69% of past readings. Its usual P/E (the middle reading) is 73.8×, over 4.8 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +22.3% while the price moved +55.9%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 5 years the price moved +40.1% a year; about +35.1% a year came from earnings growth and about +5.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Data Patterns (India) Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 22.1%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Data Patterns (India) Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: EXPANDING MID STAGE. Still open: Three consecutive quarters of missed conversion timelines; Rs 1,090 Cr 'expected in 1-2 months' as of May 2026, same language used in Feb 2026 and Nov 2025.

NOT YET CHECKED

Our read, 17 May 2026. A defence-electronics compounder with multi-decade programme locks, but management has consistently over-promised timelines, and the order book is real while the conversion dates are not.

From the numbers. EPS trajectory is accelerating (Q4 FY26 EPS 24.72 vs Q1 FY26 4.55). DII stake-building active. FII ownership grew from 5% to 11.4% over 6…

From the price. Price stage 2, week 36, below its 200-day line, relative strength falling.

From the research. A defence-electronics compounder with multi-decade programme locks, but management has consistently over-promised timelines, and the order book is real while the conversion dates are not.

Where they disagree. EPS trajectory is accelerating (Q4 FY26 EPS 24.72 vs Q1 FY26 4.55). DII stake-building active. FII ownership grew from 5% to 11.4% over 6 quarters, sustained institutional accumulation. The cycle is first expansion flag is true, no prior peak-trough cycle on record.

What is proven. A defence-electronics compounder with multi-decade programme locks, but management has consistently over-promised timelines, and the order book is real while the conversion dates are not.

What is not proven yet. Three consecutive quarters of missed conversion timelines; Rs 1,090 Cr 'expected in 1-2 months' as of May 2026, same language used in Feb 2026 and Nov 2025.

The test written in advance. Repeated Management Timeline Miss on Negotiated Order Conversion. Measured by: Repeated Management Timeline Miss on Negotiated Order Conversion Q1 FY27 concall: formal signed order book exceeds Rs 1,600 Cr by the next result.

The test written in advance. Working Capital Creep, Goal Silently Revised Upward. Measured by: Working Capital Creep, Goal Silently Revised Upward Q1 FY27 working capital days vs 320-340 goal; any further upward revision by the next result.

What the company does. FY26 closed with revenue +31% (Rs 925 Cr), EBITDA margin expanding from 35% to 40%, PAT +22%, structural margin recovery fully delivered after Q2 FY26 anomaly. Order book surged 216% YoY to Rs 2,062 Cr (including Rs 1,090 Cr negotiated), 2-3 years of revenue visibility, but management has missed three consecutive negotiated-order conversion timelines by 1-2 quarters.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

• 1 · Operating leveragebuilding
• 2 · Value-added mixquiet
• 3 · Management changequiet
• 4 · Paying down debtbuilding
• 5 · Regulatory approvalquiet
• 6 · Order-book winsbuilding
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesbuilding
• 11 · More business from existing customersquiet
• 12 · New product launchbuilding
• 13 · Mandatory normsquiet
• 14 · A bigger market to servebuilding
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

Lever 6 · Order-book wins: building. Order inflows +216% YoY to Rs 1,121 Cr in FY26; order book at Rs 2,062 Cr provides 2-3 years of visibility, all single-tender or already-negotiated production work. What proves it keeps working: Order Book Surge, Multi-Year Revenue Visibility. It stops working if Q1 FY27 concall: formal signed order book exceeds Rs 1,600 Cr.

Lever 12 · New product launch: building. EBITDA margin 40% FY26 vs 35% FY25; Q4 FY26 hit 56%, in-house IP systems with zero outsourced dependency drive structurally superior margins when they land. What proves it keeps working: Operating Leverage on IP-Heavy Mix. It stops working if Q1 FY27 concall: formal signed order book exceeds Rs 1,600 Cr.

Lever 1 · Operating leverage: building. BrahMos seeker development complete; production orders forecast 4-5 months ahead with customer mid-FY27 delivery requirement, but this milestone has been '1-2 months away' since August 2025. What proves it keeps working: BrahMos Seeker Series Production. It stops working if Q1 FY27 concall: formal signed order book exceeds Rs 1,600 Cr.

Lever 10 · New geographies: building. Export order book Rs 53 Cr; TPAR precision approach radar exported to European customer; global OEM contracts expected within 3-4 months for development phase. What proves it keeps working: Export Expansion, European / Global OEM Partnerships. It stops working if Q1 FY27 concall: formal signed order book exceeds Rs 1,600 Cr.

Sources: our stock research file (17 May 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

What Data Patterns (India) Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

Negotiated Order Conversion Timeline Slipped · 31 July 2026. In Nov 2025, management said negotiated contracts should arrive within 2 to 3 months, and in Feb 2026 it narrowed the expectation to 1 to 2 months because only documentation remained. In Jul 2026, management said a key program had already taken an additional six months and was extended by another two months, materially revising the conversion timeline; although the delay was attributed to program approvals, this is a significant change for order-book and inflow assumptions.

BrahMos Seeker Timeline Reversed · 31 July 2026. In Feb 2026, management stated that the seeker trials were complete and that delivery was imminent, with production orders expected thereafter. In Jul 2026, management described the first quantities as still going for quality testing and flight trials, indicating a material backward shift from near-production readiness; management acknowledged delays but did not fully reconcile the change in status.

Working Capital Long-Term Goal Significantly Revised Upward · 15 May 2026. In both the Nov 2025 and Feb 2026 calls, management explicitly guided shareholders to a long-term steady-state cash conversion cycle of 270 to 300 days over a three-to-five-year horizon, with the Nov 2025 call suggesting the figure could fall even further below 270 days. Without any explanation, the May 2026 call replaced this goal with a materially higher range of 320 to 340 days, raising the forward baseline by 20 to 70 days versus all prior guidance and directly impacting cash flow and return-on-capital projections.

FY26 Order Inflows Fell Well Short of Management-Confirmed Threshold · 15 May 2026. In the Nov 2025 call, when an analyst asked directly whether management was confident in FY26 order inflows crossing the INR1,500 crore mark, management gave an unambiguous affirmative and added it expected even more contracts in the coming months. Full-year FY26 formal order inflows reported in the May 2026 call came in at 1,121 crores, approximately 25% below that threshold, and no explanation was offered on the May 2026 call for the shortfall.

Every quote above is taken word for word from the company’s own earnings calls.

Data Patterns India has a track record of conservative guidance followed by significant outperformance. For FY26, management guided for 20-25% revenue growth, yet delivered an 86% on a year earlier surge in 9M FY26 revenue (₹580 Cr). July to September 2025 was a standout with 238% on a year earlier revenue growth driven by a ₹180 Cr strategic contract. While this contract temporarily lowered gross margins to 38.5%, management accurately predicted a recovery, with October to December 2025 margins rebounding to 77%. The order book reached a record ₹1,868 Cr in Dec 2025, with an additional ₹1,100 Cr in negotiated orders expected to close by the end of FY26, providing high visibility for FY27.

Regulatory and governance record

Search failed: DATAPATTNS/red flags: insufficient evidence (sources=0, findings len=0)

Checked 20 April 2026.

Data Patterns (India) Ltd earned a ROCE of 22% in FY26. That is up from a low of 4% in FY16. Its return on capital used (ROIC) is 7.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 29.3% net margin and 0.48× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 29.3% net margin × 0.48× asset turnover × 1.11× leverage (assets divided by equity) ≈ 15.6% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 19.8% − 12.0% = +7.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 19.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 22.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Data Patterns (India) Ltd has total debt of ₹5.0 Cr against shareholder equity of ₹1,736 Cr as of Jun 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.02 in FY22 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Why this happened. Electronic warfare is a multi-year structural opportunity. Data Patterns has the RWR component from the Rs 7,400 Cr MoD jammer tender and is developing the full jammer pod. Anti-drone systems (detection, spoofing, jamming) are in advanced development with Army and Air Force demonstrations completed. These are not near-term revenue drivers but establish the product portfolio for the next 2-3 year contract cycle.

Domestic institutions raised their stake in Data Patterns (India) Ltd by 4.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 13.0% of the company. Foreign institutions moved −3.1 points over the same period, to 11.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +4.3 points over 8 quarters, to 13.0%; Foreign institutions: −3.1 points over 8 quarters, to 11.3%; Promoters: +0.0 points over 8 quarters, to 42.4%.

Why the owners changed: foreign institutions moved −3.1 points and domestic institutions +4.3 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For Data Patterns (India) Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

55.0 out of 100, rank 9 of 25 in Aerospace & Defence - Equipments, with 96% of the evidence available.

Data Patterns (India) Ltd scores 55.0 out of 100 against the 25 companies it is compared with in Aerospace & Defence - Equipments, ranking 9. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 20.8 + 21.3 + 7.4 + 5.5 = 55. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Data Patterns ranks 9 of 25 Aerospace & Defence - Equipments companies on the 4-Factor Sector Score, with 55.0 out of 100.