A 
45.51
+4.91%
Close of 9 Nov 2026, in INR
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in INR, from our data supplier.
Revenue
₹408.8m
FY2017FY2026
Net income
₹40.5m
FY2017FY2026
Free cash flow
−₹14.7m
FY2017FY2026
Shareholders' equity
₹351.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹408.8m | ₹363.5m | ₹327.4m | ₹216.9m | ₹163.4m | ₹109.6m | ₹101.0m | ₹140.4m | ₹98.8m | ₹127.3m |
| Research and development | ₹664,000 | ₹4.5m | ₹1.4m | ₹3.0m | ₹96,348 | ₹32,401 | ₹145,227 | ₹894,775 | ₹839,000 | ₹241,000 |
| Operating income | ₹69.3m | ₹21.9m | ₹63.0m | ₹44.9m | ₹35.5m | ₹772,994 | −₹2.5m | ₹20.6m | ₹2.9m | −₹2.4m |
| Net income | ₹40.5m | ₹27.3m | ₹13.2m | ₹14.2m | ₹28.0m | ₹2.6m | −₹1.9m | ₹5.1m | ₹7.6m | ₹3.0m |
| Diluted earnings per share | 1.27 | 0.86 | 0.41 | 0.45 | 0.88 | 0.08 | -0.06 | 0.15 | 0.18 | 0.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹506.3m | ₹428.1m | ₹411.2m | ₹368.4m | ₹320.5m | ₹286.5m | ₹298.8m | ₹283.2m | ₹197.8m | ₹194.6m |
| Cash and short-term investments | ₹123.7m | ₹140.8m | ₹113.7m | ₹73.7m | ₹93.5m | ₹73.8m | ₹89.5m | ₹106.1m | ₹53.4m | ₹51.9m |
| Total liabilities | ₹155.7m | ₹113.2m | ₹115.8m | ₹79.8m | ₹47.6m | ₹37.3m | ₹52.1m | ₹31.1m | ₹22.8m | ₹26.9m |
| Debt | ₹56.2m | ₹56.4m | ₹42.0m | ₹27.8m | ₹8.0m | ₹11.1m | ₹23.6m | ₹11.0m | −₹60,000 | ₹5.0m |
| Shareholders' equity | ₹351.0m | ₹314.6m | ₹295.3m | ₹288.7m | ₹280.2m | ₹250.0m | ₹247.2m | ₹252.5m | ₹175.0m | ₹167.7m |
| Shares outstanding | 32m | 32m | 32m | 32m | 32m | 32m | 33m | 33m | 42m | 32m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹11.0m | −₹15.2m | ₹14.9m | −₹48.2m | ₹16.6m | −₹16.1m | ₹12.7m | −₹14.0m | ₹368,000 | ₹19.9m |
| Capital spending | −₹3.7m | −₹4.9m | −₹6.4m | −₹5.2m | −₹2.1m | −₹1.1m | — | −₹6.5m | −₹15.1m | −₹2.6m |
| Free cash flow | −₹14.7m | −₹20.1m | ₹8.5m | −₹53.5m | ₹14.4m | −₹17.2m | ₹12.7m | −₹20.5m | −₹14.8m | ₹17.3m |
| Dividends paid | −₹4.0m | −₹7.9m | −₹5.3m | −₹5.3m | — | — | — | — | — | −₹2.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹72.9m | ₹174.6m | ₹73.8m | ₹117.0m | ₹43.4m | ₹105.5m | ₹97.8m | ₹94.1m |
| Operating income | ₹7.6m | ₹13.6m | ₹22.1m | ₹22.5m | −₹2.1m | ₹65.9m | ₹9.6m | ₹8.7m |
| Net income | ₹15.7m | ₹6.8m | ₹6.0m | ₹21.6m | ₹9.6m | −₹16.7m | ₹18.4m | ₹15.1m |
| Diluted earnings per share | 0.49 | 0.22 | 0.19 | 0.68 | 0.30 | -0.52 | 0.58 | 0.48 |
| Cash from operations | — | — | — | ₹2.0m | — | — | — | — |
| Total assets | — | ₹506.3m | — | ₹457.4m | — | ₹428.1m | — | ₹439.6m |
| Cash and short-term investments | ₹123.7m | ₹123.7m | ₹138.1m | ₹138.1m | ₹140.8m | ₹140.8m | ₹151.5m | ₹159.0m |
| Debt | — | ₹56.2m | — | ₹54.0m | — | ₹56.4m | — | ₹41.9m |
| Shareholders' equity | ₹350.6m | ₹351.0m | ₹338.3m | ₹338.4m | ₹314.9m | ₹314.6m | ₹315.1m | ₹315.1m |
Financial ratios
Data as of 4 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 16.9% | -2.0% | 8.8% | 10.3% | 21.7% | 5.6% |
| Net margin | 9.9% | 7.5% | 4.0% | 6.6% | 17.1% | 2.4% |
| Return on equity | 11.5% | 8.7% | 4.5% | 4.9% | 10.0% | 1.0% |
| Return on assets | 8.0% | 6.4% | 3.2% | 3.9% | 8.7% | 0.9% |
| Free cash flow yield | -0.5% | -0.7% | 1.5% | -3.0% | 1.3% | -1.0% |
| Revenue growth | 12.5% | 11.0% | 51.0% | 32.8% | 49.1% | 8.5% |
| Earnings growth | 48.3% | 107.6% | -7.5% | -49.2% | 985.3% | -232.3% |
| Current ratio | 2.85x | 3.15x | 2.71x | 3.43x | 5.07x | 5.17x |
| Debt to equity | 0.16x | 0.18x | 0.14x | 0.09x | 0.02x | 0.04x |
| Equity ratio | 69.3% | 73.5% | 71.8% | 78.4% | 87.4% | 87.3% |
| Interest coverage | 9.25x | -1.31x | 5.10x | 8.28x | 27.71x | 4.01x |
| R&D as a share of sales | 0.2% | 1.2% | 0.4% | 1.4% | 0.1% | 0.0% |
| Buybacks as a share of market value | 0.0% | -0.1% | -0.7% | 0.7% | 1.3% | 1.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.5% | 30.1% | 15.4% |
| Operating income | 15.6% | 145.7% | — |
| Net income | 41.7% | 73.5% | 33.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.8% | 15.1% | 14.8% | 11.7% |
| Net margin | 8.8% | 7.2% | 7.9% | 6.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | 34.9 | 55.8 | 190.0 | 99.6 |
| Price to sales | 3.5 | 4.2 | 7.6 | 6.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 23 Sept 2025.
| FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.125 | 0.25 | 0.25 | 0.025 | 0.25 |
- 2-for-1 split · 9 Aug 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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