B 
1,229.70
-1.65%
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
₹37.30bn
FY2017FY2026
Net income
−₹1.20bn
FY2017FY2026
Free cash flow
−₹247.6m
FY2017FY2026
Shareholders' equity
₹11.10bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹37.30bn | ₹35.99bn | ₹33.57bn | ₹34.64bn | ₹35.04bn | ₹30.34bn | ₹25.40bn | ₹21.53bn | ₹12.95bn | ₹11.14bn |
| Research and development | — | — | ₹64.6m | ₹66.3m | ₹52.5m | ₹44.4m | ₹36.4m | ₹35.8m | ₹33.0m | ₹28.1m |
| Operating income | −₹1.42bn | −₹676.6m | ₹711.6m | ₹1.37bn | ₹3.08bn | ₹3.04bn | ₹1.50bn | ₹1.84bn | ₹1.02bn | ₹703.1m |
| Net income | −₹1.20bn | −₹329.0m | ₹347.9m | ₹971.0m | ₹2.10bn | ₹2.60bn | ₹1.06bn | ₹1.01bn | ₹807.5m | ₹546.2m |
| Diluted earnings per share | -158.55 | -43.63 | 46.13 | 128.75 | 279.47 | 343.27 | 140.85 | 135.41 | 107.75 | 73.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹30.71bn | ₹29.26bn | ₹27.43bn | ₹23.64bn | ₹22.23bn | ₹21.13bn | ₹21.54bn | ₹19.75bn | ₹10.19bn | ₹8.80bn |
| Cash and short-term investments | ₹542.9m | ₹788.8m | ₹2.37bn | ₹619.8m | ₹726.2m | ₹1.59bn | ₹1.04bn | ₹660.0m | ₹1.33bn | ₹271.3m |
| Total liabilities | ₹19.61bn | ₹17.14bn | ₹14.90bn | ₹11.21bn | ₹10.57bn | ₹11.18bn | ₹14.12bn | ₹13.37bn | ₹4.53bn | ₹3.77bn |
| Debt | ₹11.12bn | ₹9.59bn | ₹7.76bn | ₹4.32bn | ₹3.13bn | ₹4.31bn | ₹7.59bn | ₹6.69bn | ₹667.7m | ₹719.4m |
| Shareholders' equity | ₹11.10bn | ₹12.11bn | ₹12.53bn | ₹12.44bn | ₹11.66bn | ₹9.95bn | ₹7.43bn | ₹6.37bn | ₹5.66bn | ₹5.04bn |
| Shares outstanding | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 7m | 7m | 7m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹674.9m | ₹820.9m | ₹1.73bn | ₹1.32bn | ₹1.66bn | ₹4.66bn | ₹1.30bn | ₹1.35bn | ₹1.87bn | ₹1.51bn |
| Capital spending | −₹922.5m | −₹1.24bn | −₹1.14bn | −₹1.33bn | −₹903.0m | −₹1.09bn | −₹1.18bn | −₹763.3m | −₹807.0m | −₹355.8m |
| Free cash flow | −₹247.6m | −₹414.5m | ₹588.7m | −₹5.4m | ₹759.7m | ₹3.57bn | ₹125.2m | ₹583.1m | ₹1.07bn | ₹1.15bn |
| Dividends paid | −₹226.5m | −₹170.0m | −₹302.1m | −₹488.4m | −₹337.4m | −₹187.4m | −₹169.2m | −₹186.7m | −₹149.1m | −₹149.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹11.74bn | ₹10.10bn | ₹8.58bn | ₹8.10bn | ₹10.52bn | ₹9.13bn | ₹8.05bn | ₹7.74bn |
| Operating income | ₹348.2m | −₹467.8m | −₹504.9m | −₹472.6m | ₹26.9m | ₹45.7m | −₹374.4m | −₹768.3m |
| Net income | ₹94.0m | −₹223.5m | −₹530.3m | −₹428.6m | −₹13.2m | −₹247.1m | −₹354.8m | ₹146.7m |
| Diluted earnings per share | 12.47 | -29.64 | -70.32 | -56.84 | -1.75 | -32.77 | -47.05 | 19.45 |
| Cash from operations | — | — | — | ₹78.0m | — | ₹859.0m | — | — |
| Capital spending | — | — | — | −₹337.0m | — | −₹526.0m | — | — |
| Free cash flow | — | — | — | −₹259.0m | — | ₹333.0m | — | — |
| Total assets | — | ₹30.71bn | — | ₹29.65bn | — | ₹29.26bn | — | ₹29.34bn |
| Cash and short-term investments | ₹542.9m | ₹550.2m | ₹453.1m | ₹1.03bn | — | ₹788.8m | — | ₹916.3m |
| Debt | — | ₹8.81bn | — | ₹7.95bn | — | ₹7.38bn | — | ₹7.11bn |
| Shareholders' equity | ₹11.10bn | ₹11.10bn | ₹11.79bn | ₹11.79bn | — | ₹12.11bn | — | ₹12.77bn |
Financial ratios
Data as of 6 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -1.3% | 0.7% | 2.1% | 4.0% | 8.8% | 10.5% | — | — |
| Net margin | -3.2% | -0.9% | 1.0% | 2.8% | 6.0% | 8.6% | — | — |
| Return on equity | -10.8% | -2.7% | 2.8% | 7.8% | 18.0% | 26.1% | — | — |
| Return on assets | -3.9% | -1.1% | 1.3% | 4.1% | 9.5% | 12.3% | — | — |
| Free cash flow yield | 15.1% | 19.4% | 27.1% | 24.9% | 24.2% | 54.0% | — | — |
| Revenue growth | 3.6% | 7.2% | -3.1% | -1.1% | 15.5% | 19.4% | — | — |
| Earnings growth | 263.4% | -194.6% | -64.2% | -53.9% | -19.0% | 145.2% | — | — |
| Current ratio | 0.86x | 0.97x | 1.41x | 1.36x | 1.36x | 1.28x | — | — |
| Debt to equity | 0.79x | 0.61x | 0.46x | 0.34x | 0.26x | 0.16x | — | — |
| Equity ratio | 36.2% | 41.4% | 45.7% | 52.6% | 52.5% | 47.1% | — | — |
| Interest coverage | -0.70x | 0.36x | 2.01x | 7.00x | 24.41x | 11.47x | — | — |
| R&D as a share of sales | — | — | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -0.2% | 0.5% | -0.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.5% | 4.2% | 13.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2.9% | -0.0% | 2.9% | 4.1% |
| Net margin | -2.1% | -0.1% | 2.2% | 2.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.7 | -37.3 | 54.2 | 21.9 | 9.3 | 13.1 | 16.2 | 9.0 | 19.1 | 20.5 |
| Price to sales | 0.3 | 0.3 | 0.6 | 0.6 | 0.6 | 1.1 | 0.7 | 0.4 | 1.2 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 24 Jul 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 30.00 | 22.50 | 40.00 | 40.00 | 45.00 | 25.00 | 22.50 | 25.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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