The fundamental data on Kite differs from other platforms and exchange filings because it focuses strictly on a company's main business performance. Powered by Tijori, the data is adjusted to separate irregular financial events, such as one-off profits from selling assets or income unrelated to the core business. It also applies the same clear calculation rules across all companies, rather than just displaying the raw numbers from exchange filings.
Here is how specific metrics are calculated differently:
- Net Profit (PAT): Profit After Tax (PAT) reported in exchange filings often includes earnings outside the main business, such as a company's share of profits or losses from joint ventures. Tijori removes these joint venture parts from its quarterly results table to present an adjusted PAT that reflects earnings generated only from the company's main operations.
- Revenue and other income: Following standard accounting rules, Tijori separates outside other income from the main sales revenue. While some third-party platforms combine the two, separating them allows you to evaluate the core business performance without the distraction of one-off financial events or outside income.
- Price-to-Earnings (P/E) ratio: Tijori calculates the P/E ratio using consolidated earnings from the last 12 months (Trailing Twelve Months or TTM). Other platforms might calculate P/E differently, such as by using standalone earnings instead of combined figures, or by using yearly or future estimates instead of the last 12 months of data.
- Dividend yield: Tijori calculates dividend yield based on announcements from the last 12 months using the formula: Dividend Yield (%) = (Sum of dividends announced in the last 1 year / Latest Stock Price) × 100. Other platforms might use the total from the previous financial year, leave out special one-time dividends, or use future estimates, resulting in different values.
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FII shareholding:
Tijori calculates Foreign Institutional Investor (FII) shareholding by summing all foreign holding sub-categories from official BSE and NSE filings.
FII Shareholding = Tijori calculates Foreign Institutional Investor (FII) shareholding by adding all foreign holding categories from official BSE and NSE filings. The formula is FII Shareholding = Custodians + Foreign Corporate Bodies + Foreign Bodies DR + Foreign Mutual Funds + Foreign Financial Institutions/Banks + Foreign Portfolio Investors (FPI) + Foreign Venture Capital Investors. Other websites might track only pure FPIs rather than all foreign entities, leading to differences in reported ownership percentages.