B 
14.45
+2.99%
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
₹1.54bn
FY2017FY2026
Net income
−₹296.4m
FY2017FY2026
Free cash flow
−₹1.88bn
FY2017FY2026
Shareholders' equity
₹4.03bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.54bn | ₹2.74bn | ₹3.80bn | ₹3.26bn | ₹2.16bn | ₹2.10bn | ₹2.99bn | ₹4.01bn | ₹1.53bn | ₹1.42bn |
| Research and development | — | — | — | — | — | — | ₹78,000 | ₹481,000 | ₹608,000 | — |
| Operating income | −₹139.9m | ₹1.88bn | ₹1.15bn | −₹46.7m | ₹570.8m | ₹523.5m | ₹1.50bn | ₹1.42bn | ₹437.9m | ₹268.7m |
| Net income | −₹296.4m | ₹1.41bn | −₹1.12bn | −₹2.10bn | −₹3.76bn | −₹1.14bn | −₹159.7m | −₹382.6m | ₹233.1m | −₹623.1m |
| Diluted earnings per share | -3.53 | 16.81 | -12.93 | -24.96 | -44.83 | -13.61 | -1.90 | -4.56 | 2.78 | -10.38 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹14.36bn | ₹14.35bn | ₹27.34bn | ₹27.06bn | ₹28.46bn | ₹31.43bn | ₹33.24bn | ₹29.65bn | ₹25.69bn | ₹12.31bn |
| Cash and short-term investments | ₹3.50bn | ₹2.23bn | ₹2.76bn | ₹2.22bn | ₹609.3m | ₹1.35bn | ₹907.2m | ₹948.6m | ₹1.51bn | ₹279.5m |
| Total liabilities | ₹9.01bn | ₹10.12bn | ₹24.48bn | ₹23.07bn | ₹22.44bn | ₹21.51bn | ₹22.13bn | ₹18.47bn | ₹13.94bn | ₹7.58bn |
| Debt | ₹4.34bn | ₹4.34bn | ₹13.28bn | ₹14.13bn | ₹14.92bn | ₹15.39bn | ₹15.56bn | ₹13.72bn | ₹10.41bn | ₹5.59bn |
| Shareholders' equity | ₹4.03bn | ₹3.31bn | ₹1.90bn | ₹3.02bn | ₹5.09bn | ₹8.86bn | ₹10.01bn | ₹10.12bn | ₹10.63bn | ₹4.41bn |
| Shares outstanding | 84m | 84m | 87m | 84m | 84m | 84m | 84m | 84m | 84m | 60m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹1.81bn | ₹768.5m | ₹3.65bn | ₹2.59bn | ₹219.5m | ₹512.7m | ₹2.38bn | ₹2.96bn | ₹1.43bn | −₹90.3m |
| Capital spending | −₹72.2m | −₹521.6m | −₹1.04bn | −₹84.4m | −₹282.7m | −₹1.18bn | −₹1.56bn | −₹3.20bn | −₹1.44bn | −₹3.40bn |
| Free cash flow | −₹1.88bn | ₹246.9m | ₹2.60bn | ₹2.51bn | −₹63.2m | −₹665.3m | ₹817.4m | −₹246.3m | −₹3.9m | −₹3.49bn |
| Dividends paid | — | — | — | — | — | — | −₹50.6m | −₹50.6m | −₹50.5m | −₹42.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹473.9m | ₹489.0m | ₹420.5m | ₹171.0m | ₹462.5m | ₹472.6m | ₹477.5m | ₹762.1m |
| Operating income | −₹933.3m | −₹616.3m | ₹169.2m | ₹122.9m | ₹89.8m | −₹67.1m | ₹1.66bn | −₹46.8m |
| Net income | −₹943.4m | −₹630.4m | ₹184.1m | ₹47.5m | ₹102.3m | −₹57.5m | ₹1.70bn | −₹71.6m |
| Diluted earnings per share | -11.24 | -7.51 | 2.19 | 0.57 | 1.22 | -0.69 | 19.57 | -0.83 |
| Cash from operations | — | — | — | −₹612.0m | — | ₹498.0m | — | ₹333.0m |
| Capital spending | — | — | — | −₹69.0m | — | −₹521.0m | — | −₹594.0m |
| Free cash flow | — | — | — | −₹681.0m | — | −₹23.0m | — | −₹261.0m |
| Total assets | — | ₹14.36bn | — | ₹16.07bn | — | ₹14.35bn | — | ₹27.16bn |
| Cash and short-term investments | ₹3.50bn | ₹3.50bn | ₹4.77bn | ₹7.52bn | ₹2.23bn | ₹2.23bn | ₹2.32bn | ₹4.50bn |
| Debt | — | ₹4.34bn | — | ₹4.34bn | — | ₹4.34bn | — | ₹13.10bn |
| Shareholders' equity | ₹5.34bn | ₹4.03bn | ₹5.62bn | ₹4.13bn | ₹4.22bn | ₹3.31bn | ₹2.65bn | ₹1.67bn |
Financial ratios
Data as of 31 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -9.1% | 68.6% | 17.7% | -9.1% | -40.7% | 20.4% | — | — | — |
| Net margin | -19.2% | 51.4% | -29.5% | -64.2% | -173.9% | -54.5% | — | — | — |
| Return on equity | -7.4% | 42.7% | -58.9% | -69.3% | -73.9% | -12.9% | — | — | — |
| Return on assets | -2.1% | 9.8% | -4.1% | -7.7% | -13.2% | -3.6% | — | — | — |
| Free cash flow yield | -149.4% | 111.1% | 391.0% | 230.7% | 43.3% | 145.6% | — | — | — |
| Revenue growth | -43.7% | -27.8% | 16.4% | 50.8% | 3.3% | -30.0% | — | — | — |
| Earnings growth | -121.0% | -226.0% | -46.6% | -44.3% | 229.4% | 615.2% | — | — | — |
| Current ratio | 1.58x | 0.80x | 0.49x | 0.80x | 0.88x | 1.22x | — | — | — |
| Debt to equity | 1.08x | 1.31x | 6.99x | 4.67x | 2.93x | 1.74x | — | — | — |
| Equity ratio | 28.0% | 23.1% | 7.0% | 11.2% | 17.9% | 28.2% | — | — | — |
| Interest coverage | -600.49x | 3.48x | 0.36x | -0.16x | -0.48x | 0.26x | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 3.1% | -3.2% | 0.0% | 0.0% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.1% | -5.9% | 70.3% |
| Operating income | 44.2% | — | 17.0% |
| Net income | -47.9% | -23.6% | -10.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 40.6% | 25.0% | 25.2% | 29.4% |
| Net margin | 26.0% | -18.5% | -44.9% | -34.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.0 | 1.4 | -3.5 | -2.0 | -0.9 | -2.2 | -19.3 | -12.7 | 43.9 | -18.3 |
| Price to sales | 0.8 | 0.7 | 1.0 | 1.3 | 1.5 | 1.2 | 1.0 | 1.2 | 6.7 | 8.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Dec 2019.
| FY2020 | FY2019 | FY2018 | |
|---|---|---|---|
| Paid in the year | 0.50 | 0.50 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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