- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹9.45 Cr4,605th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 0.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 12 Aug 2026
- −3.4%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 1.22%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- −6.07%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- −6.00%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 1.13times net worth
- Volume, BSEVolume. Shares traded on the last trading day.
- 81
Who owns Octal Credit Capital, filing by filing
Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.
Sep 2026 filing
- Promoters26.64%
- Individuals and others73.36%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Individuals and others
| Per cent | Dec 2016Filed 16 Jan | Mar 2017Filed 21 Apr | Jun 2017Filed 20 Jul | Sep 2017Filed 13 Oct | Dec 2017Filed 15 Jan | Mar 2018Filed 12 May | Jun 2018Filed 13 Jul | Sep 2018Filed 11 Oct | Dec 2018Filed 14 Jan | Mar 2019Filed 20 Apr | Jun 2019Filed 11 Jul | Sep 2019Filed 11 Oct | Dec 2019Filed 9 Jan | Mar 2020Filed 15 May | Jun 2020Filed 16 Jul | Sep 2020Filed 13 Oct | Dec 2020Filed 15 Jan | Mar 2021Filed 12 Apr | Jun 2021Filed 15 Jul | Sep 2021Filed 7 Oct | Dec 2021Filed 8 Jan | Mar 2022Filed 12 Apr | Jun 2022Filed 18 Jul | Sep 2022Filed 21 Oct | Dec 2022Filed 13 Jan | Mar 2023Filed 26 May | Jun 2023Filed 1 Aug | Sep 2023Filed 17 Oct | Dec 2023Filed 20 Jan | Mar 2024Filed 19 Apr | Jun 2024Filed 19 Jul | Sep 2024Filed 21 Oct | Dec 2024Filed 14 Jan | Mar 2025Filed 2 Dec | Jun 2025Filed 2 Dec | Sep 2025Filed 18 Oct | Dec 2025Filed 21 Jan | Mar 2026Filed 21 Apr | Jun 2026Filed 21 Jul | Sep 2026Filed 13 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26.54% | 26.54% | 26.54% | 26.54% | 26.54% | 26.54% | 26.54% | 26.54% | 26.54% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.67% | 26.64% | 26.64% | 26.64% | 26.64% | 26.64% | 26.64% | 26.64% | |
| Indian promoters | 26.54% | 26.54% | 26.54% | 26.54% | 26.54% | 26.54% | 26.54% | 26.54% | 26.54% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.67% | 26.64% | 26.64% | 26.64% | 26.64% | 26.64% | 26.64% | 26.64% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. | 73.46% | 73.46% | 73.46% | 73.46% | 73.46% | 73.46% | 73.46% | 73.46% | 73.46% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.33% | 73.36% | 73.36% | 73.36% | 73.36% | 73.36% | 73.36% | 73.36% |
| Shares in issue | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 | 50,00,900 |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Octal Credit Capital promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is PATNI RESOURCES PVT. LTD., 16.49%. The filing names 1 more member with no shares.
| Holder | ||
|---|---|---|
| PATNI RESOURCES PVT. LTD.Indian companies, trusts and others | 16.49% | 8,24,800 |
| SRISHTI PATNIIndividuals and Hindu undivided familiesHindu undivided family. A family the tax law treats as one holder: property held in the family's name, shared by its members and managed by one of them. | 2.80% | 1,40,000 |
| OCTAL SECURITIES AND SERVICES PVT. LTD.Indian companies, trusts and others | 2.30% | 1,15,000 |
| DHANRAJ PATNIIndividuals and Hindu undivided families | 1.40% | 70,000 |
| MAHENDRA KUMAR PATNIIndividuals and Hindu undivided families | 0.91% | 45,300 |
| SHREE CHAND SARAOGIIndividuals and Hindu undivided families | 0.80% | 40,000 |
| ARUNA PATNIIndividuals and Hindu undivided families | 0.40% | 20,000 |
| DILIP KUMAR PATNIIndividuals and Hindu undivided families | 0.32% | 16,000 |
| KAMAL NAYAN JAINIndividuals and Hindu undivided families | 0.22% | 11,000 |
| BIMAL KUMAR PATNIIndividuals and Hindu undivided families | 0.20% | 10,000 |
| SANDEEP JAIN (PATNI)Individuals and Hindu undivided families | 0.20% | 10,000 |
| MEENA DEVI JAINIndividuals and Hindu undivided families | 0.20% | 10,000 |
No promoter shares are reported as pledged.
Largest public holders of Octal Credit Capital, filing by filing
Per cent, on the same shares as the split above.
| Holder | Dec 2016Filed 16 Jan | Mar 2017Filed 21 Apr | Jun 2017Filed 20 Jul | Sep 2017Filed 13 Oct | Dec 2017Filed 15 Jan | Mar 2018Filed 12 May | Jun 2018Filed 13 Jul | Sep 2018Filed 11 Oct | Dec 2018Filed 14 Jan | Mar 2019Filed 20 Apr | Jun 2019Filed 11 Jul | Sep 2019Filed 11 Oct | Dec 2019Filed 9 Jan | Mar 2020Filed 15 May | Jun 2020Filed 16 Jul | Sep 2020Filed 13 Oct | Dec 2020Filed 15 Jan | Mar 2021Filed 12 Apr | Jun 2021Filed 15 Jul | Sep 2021Filed 7 Oct | Dec 2021Filed 8 Jan | Mar 2022Filed 12 Apr | Jun 2022Filed 18 Jul | Sep 2022Filed 21 Oct | Dec 2022Filed 13 Jan | Mar 2023Filed 26 May | Jun 2023Filed 1 Aug | Sep 2023Filed 17 Oct | Dec 2023Filed 20 Jan | Mar 2024Filed 19 Apr | Jun 2024Filed 19 Jul | Sep 2024Filed 21 Oct | Dec 2024Filed 14 Jan | Mar 2025Filed 2 Dec | Jun 2025Filed 2 Dec | Sep 2025Filed 18 Oct | Dec 2025Filed 21 Jan | Mar 2026Filed 21 Apr | Jun 2026Filed 21 Jul | Sep 2026Filed 13 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R.R.SYNTHETICS AND FINVEST PRIVATE LIMITCompanies | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% |
| NEWVIEW CONSULTANTS PRIVATE LIMITEDAssociate companies and subsidiaries | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% |
| DARKIN VINCOM PRIVATE LIMITEDCompanies | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% | 4.08% |
| RADICO KHAITAN FINANCE LIMITEDCompanies | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% |
| HI - PRINT ELECTROMACK PRIVATE LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% |
| VARDHAMAN TEXTILE CO. PVT. LTD.Companies | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% |
| VIRENDRA KUMAR PANDYAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% |
| KHINWRAJ MANGILAL PANDYA HUFResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% |
| KARISHMA RAJGARIAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| RINKY RAJGARIAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| MANJU PANDYAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% |
| PAVEL PANDYA & SONS HUFResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% |
| UTKARSH SUREKAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% |
| GEMUS AGENTS PRIVATE LIMITEDCompanies | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% |
| PRIYANKA PANDYAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
| KUSUM INDUSTRIAL GASES LTDCompanies | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| ASHOK JAINResident individuals, over ₹2 lakh at face value | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
| KHINWRAJ MANGILAL PANDYA (KARTA OF HUF)Resident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| RINKI RAJGARIAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| PAVEL PANDYA & SONS (KARTA OF HUF)Resident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| UTKARSH SUREKA (M,F/NG.MANOJ SUREKA)Resident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| VIVEKSHIL DEALERS PVT. LTD.Other non-institutions | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| ORIENTAL BANK OF COMMERCEFinancial Institution Or Banks | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| POORVA TREXIM PVT. LTD.Other non-institutions | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| JOYUS RESOURCES PVT. LTD.Other non-institutions | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| KARAN JYOTI TRADERS PVT. LTD.Other non-institutions | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| DEVON COMMODITIES PVT. LTD.Other non-institutions | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.