A 
1,590.10
+1.81%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹11.60bn
FY2018FY2026
Net income
₹2.19bn
FY2018FY2026
Free cash flow
−₹4.93bn
FY2018FY2026
Shareholders' equity
₹24.56bn
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹11.60bn | ₹8.41bn | ₹6.00bn | ₹6.54bn | ₹5.93bn | ₹4.52bn | ₹3.03bn | ₹2.02bn | ₹1.09bn |
| Gross profit | ₹4.30bn | ₹3.89bn | ₹2.75bn | ₹3.34bn | ₹3.01bn | ₹2.18bn | ₹1.44bn | ₹905.1m | ₹537.9m |
| Research and development | ₹6.4m | ₹8.2m | ₹2.3m | ₹3.2m | ₹1.3m | ₹8.2m | ₹710,000 | ₹3.0m | ₹320,000 |
| Operating income | ₹2.97bn | ₹3.45bn | ₹2.36bn | ₹2.98bn | ₹2.74bn | ₹1.05bn | ₹656.4m | ₹791.8m | ₹449.7m |
| Net income | ₹2.19bn | ₹1.58bn | ₹824.9m | ₹1.30bn | ₹1.09bn | ₹711.2m | ₹399.6m | ₹233.3m | ₹77.7m |
| Diluted earnings per share | 16.65 | 11.95 | 6.22 | 9.88 | 8.74 | 6.38 | 4.24 | 1.77 | 0.59 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹32.01bn | ₹26.44bn | ₹24.01bn | ₹13.80bn | ₹7.70bn | ₹4.53bn | ₹3.00bn | ₹2.07bn | ₹1.58bn |
| Cash and short-term investments | ₹394.4m | ₹2.40bn | ₹5.56bn | ₹1.04bn | ₹352.6m | ₹278.3m | ₹36.1m | ₹13.8m | ₹740,000 |
| Total liabilities | ₹7.46bn | ₹4.18bn | ₹3.37bn | ₹1.35bn | ₹3.83bn | ₹2.79bn | ₹2.22bn | ₹1.68bn | ₹1.43bn |
| Debt | ₹4.58bn | ₹2.00bn | ₹1.83bn | ₹157.1m | ₹2.91bn | ₹2.11bn | ₹1.47bn | ₹1.02bn | ₹1.26bn |
| Shareholders' equity | ₹24.56bn | ₹22.26bn | ₹20.63bn | ₹12.45bn | ₹3.87bn | ₹1.74bn | ₹782.8m | ₹385.4m | ₹152.8m |
| Shares outstanding | 132m | 133m | 133m | 132m | 125m | 112m | 94m | 132m | 132m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹1.30bn | ₹1.00bn | −₹164.6m | −₹65.6m | −₹54.4m | ₹232.0m | ₹176.9m | ₹227.4m | ₹165.8m |
| Capital spending | −₹6.23bn | −₹4.52bn | −₹4.28bn | −₹4.01bn | −₹1.52bn | −₹970.0m | −₹482.0m | −₹125.3m | −₹491.1m |
| Free cash flow | −₹4.93bn | −₹3.52bn | −₹4.44bn | −₹4.08bn | −₹1.57bn | −₹738.0m | −₹305.0m | ₹102.2m | −₹325.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.27bn | ₹3.05bn | ₹3.17bn | ₹2.75bn | ₹2.56bn | ₹2.42bn | ₹2.20bn | ₹1.99bn |
| Gross profit | ₹1.63bn | ₹973.0m | ₹1.30bn | ₹1.32bn | ₹1.23bn | ₹1.14bn | ₹1.05bn | ₹921.8m |
| Operating income | ₹813.5m | ₹642.6m | ₹933.3m | ₹714.8m | ₹664.9m | ₹1.02bn | ₹936.8m | ₹822.5m |
| Net income | ₹627.5m | ₹540.1m | ₹644.8m | ₹539.6m | ₹470.2m | ₹503.0m | ₹433.9m | ₹348.0m |
| Diluted earnings per share | 4.76 | 4.10 | 4.86 | 4.07 | 3.55 | 3.79 | 3.27 | 2.62 |
| Cash from operations | — | — | — | ₹1.15bn | — | ₹10.0m | ₹471.0m | — |
| Capital spending | — | — | — | −₹3.19bn | — | −₹1.62bn | −₹1.38bn | — |
| Free cash flow | — | — | — | −₹2.04bn | — | −₹1.61bn | −₹912.0m | — |
| Total assets | — | ₹32.01bn | — | ₹28.49bn | — | ₹26.44bn | ₹26.43bn | ₹25.65bn |
| Cash and short-term investments | ₹56.6m | ₹394.4m | ₹561.7m | ₹566.6m | ₹2.40bn | ₹2.40bn | ₹4.24bn | ₹5.25bn |
| Debt | — | ₹4.46bn | — | ₹2.01bn | — | ₹1.85bn | ₹2.18bn | ₹2.05bn |
| Shareholders' equity | ₹24.56bn | ₹24.56bn | ₹23.28bn | ₹23.28bn | ₹22.26bn | ₹22.26bn | ₹21.75bn | ₹21.30bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.0% | 20.8% | — |
| Operating income | -0.1% | 23.1% | — |
| Net income | 18.9% | 25.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 41.0% | 43.9% | 45.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 94.1 | 72.0 | 142.7 | 89.8 | 96.0 |
| Price to sales | 17.8 | 13.6 | 19.6 | 17.9 | 17.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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