Scheme of Arrangement (Demerger) - Notice to Equity Shareholders and Unsecured Creditors.
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Latest filings
NSE announcements · newest firstOrder of NCLT in respect of Scheme of Arrangement (Demerger).
Voting Results and Scrutinizer's Report in respect of the Postal Ballot Notice dated August 18, 2026.
Schedule of meet
Key MetricsFull financials →
P/E (TTM)
9.5×
EPS ₹18.85
P / Book
3.06×
BVPS ₹59
ROE
29.1%
FY26, avg equity
Net margin
22.6%
FY26
Revenue YoY
–
Q1 FY27
Net profit YoY
–
Q1 FY27
Debt / equity
0.38×
₹308 Cr debt
Div. yield
–
no dividend in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
Promoter pledge: none reported
Peer Comparison
| Company | P/E | P/B | ROE | Margin |
|---|---|---|---|---|
| SANGHVIMOV₹3,948 Cr | 25.0× | 3.13× | 13.3% | 23.6% |
| CMSINFO₹3,839 Cr | 13.1× | 1.58× | 12.9% | 12.2% |
| HEMIPROP₹3,430 Cr | – | 7.91× | -2.7% | -1130.6% |
| EFCIL₹2,468 Cr | 9.5× | 3.06× | 29.1% | 22.6% |
| BLUSPRING₹2,164 Cr | – | 3.24× | -3.4% | -0.7% |
| TEAMLEASE₹1,967 Cr | 13.0× | 1.89× | 14.5% | 1.2% |
Diversified Commercial Services: the companies closest in market value, of the 31 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags
No check is outside its threshold.
6 checks within their thresholds
Debt to equity is 0.38×
As at 2026-03-31.
Profit before interest and tax covers finance costs 6.5×
FY26.
Other income is 6% of profit before tax
FY26.
No promoter shares are pledged
Shareholding pattern as at 2026-06-30.
No auditor change or resignation filings in three years
From NSE announcements on record.
Results were filed late in 0 of the last 4 quarters
Slowest filing came 58 days after the period end.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice. 4 checks not run for lack of data.
Formula Scores
Piotroski F-score: not computed · FY to 2026-03-31needs two years of results and both years' balance sheets
Altman Z-score: 2.17 · FY to 2026-03-31Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
- working capital / total assets: 0.042 × 1.2
- retained earnings / total assets: 0.292 × 1.4 — reserves and surplus as retained earnings
- EBIT / total assets: 0.136 × 3.3 — profit before tax plus finance cost
- market value of equity / total liabilities: 1.456 × 0.6 — market capitalisation over total assets less equity
- sales / total assets: 0.388 × 1
Inputs: total assets ₹2,675 Cr (2026-03-31) · current assets ₹736 Cr (2026-03-31) · current liabilities ₹625 Cr (2026-03-31) · reserves ₹780 Cr (2026-03-31) · total equity ₹814 Cr (2026-03-31) · profit before tax ₹309 Cr (2026-03-31) · finance cost ₹56 Cr (2026-03-31) · revenue ₹1,037 Cr (2026-03-31) · market capitalisation (today) ₹2,711 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: 149.4 ₹ per share · FY to 2026-03-31√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
- earnings per share: 16.87
- book value per share: 58.8 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 16.87 (2026-03-31) · owners' equity ₹807 Cr (2026-03-31) · paid-up capital ₹27 Cr (2026-03-31) · face value 2 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: 6.71 % of assets · FY to 2026-03-31(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹235 Cr (2026-03-31) · operating cash flow ₹55 Cr (2026-03-31) · total assets ₹2,675 Cr (2026-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.