D 
233.93
+4.06%
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
₹384.8m
FY2017FY2026
Net income
−₹127.8m
FY2017FY2026
Free cash flow
−₹294.5m
FY2017FY2026
Shareholders' equity
₹1.57bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹384.8m | ₹714.7m | ₹1.03bn | ₹1.10bn | ₹658.9m | ₹626.9m | ₹693.0m | ₹473.0m | ₹384.0m | ₹347.8m |
| Gross profit | ₹23.6m | ₹353.9m | ₹444.3m | ₹737.9m | ₹375.8m | ₹400.1m | ₹536.9m | ₹284.6m | ₹197.4m | ₹156.6m |
| Research and development | ₹424,000 | ₹17.2m | ₹20.2m | ₹398,000 | ₹307,000 | ₹132,000 | ₹9.7m | ₹895,000 | — | ₹928,000 |
| Operating income | −₹175.9m | ₹209.5m | ₹208.2m | ₹540.9m | ₹213.3m | ₹246.6m | ₹472.4m | ₹169.7m | ₹97.4m | ₹76.3m |
| Net income | −₹127.8m | ₹27.3m | ₹154.7m | ₹419.0m | ₹167.1m | ₹209.9m | ₹239.9m | ₹131.3m | ₹70.9m | ₹48.0m |
| Diluted earnings per share | -12.37 | 2.79 | 15.84 | 45.04 | 17.08 | 21.44 | 24.50 | 13.42 | 7.25 | 4.89 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹1.74bn | ₹1.78bn | ₹1.63bn | ₹1.51bn | ₹1.11bn | ₹947.8m | ₹763.3m | ₹619.3m | ₹526.5m | ₹540.1m |
| Cash and short-term investments | ₹320.7m | ₹414.0m | ₹362.9m | ₹248.0m | ₹390.9m | ₹311.1m | ₹305.0m | ₹169.3m | ₹106.7m | ₹3.6m |
| Total liabilities | ₹169.4m | ₹168.3m | ₹145.6m | ₹165.5m | ₹103.6m | ₹97.9m | ₹111.5m | ₹131.2m | ₹100.4m | ₹164.3m |
| Debt | ₹81.9m | ₹251,000 | — | — | — | ₹3.0m | — | ₹19.9m | — | ₹44.6m |
| Shareholders' equity | ₹1.57bn | ₹1.61bn | ₹1.48bn | ₹1.35bn | ₹1.00bn | ₹849.9m | ₹651.8m | ₹488.1m | ₹426.1m | ₹375.8m |
| Shares outstanding | 10m | 10m | 10m | 9m | 10m | 10m | 10m | 10m | 10m | 10m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹81.0m | −₹50.2m | ₹219.0m | ₹162.8m | ₹272.7m | ₹153.7m | ₹259.5m | ₹125.0m | ₹99.2m | ₹88.8m |
| Capital spending | −₹213.5m | −₹40.1m | −₹86.1m | −₹232.9m | −₹149.7m | −₹113.1m | −₹30.2m | −₹26.4m | −₹9.5m | −₹93.2m |
| Free cash flow | −₹294.5m | −₹90.4m | ₹132.9m | −₹70.1m | ₹123.0m | ₹40.6m | ₹229.4m | ₹98.5m | ₹89.8m | −₹4.4m |
| Dividends paid | −₹9.8m | −₹24.5m | −₹29.4m | −₹58.7m | −₹48.9m | −₹36.6m | −₹58.7m | −₹64.6m | −₹17.7m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹148.8m | ₹92.9m | ₹76.4m | ₹93.0m | ₹122.5m | ₹179.3m | ₹175.1m | ₹191.9m |
| Gross profit | ₹74.2m | −₹8.4m | −₹1.2m | ₹2.3m | ₹65.8m | ₹106.8m | ₹84.1m | ₹108.5m |
| Operating income | ₹47.7m | −₹40.7m | −₹38.3m | −₹48.5m | −₹48.4m | ₹39.1m | ₹59.0m | ₹82.1m |
| Net income | −₹1.0m | −₹24.2m | −₹34.0m | −₹41.5m | −₹28.1m | ₹12.6m | ₹7.5m | ₹24.6m |
| Diluted earnings per share | -0.10 | -2.34 | -3.48 | -4.24 | -2.88 | 1.29 | 0.77 | 2.52 |
| Cash from operations | — | — | — | −₹71.0m | — | — | — | — |
| Capital spending | — | — | — | −₹128.0m | — | — | — | — |
| Free cash flow | — | — | — | −₹199.0m | — | — | — | — |
| Total assets | — | ₹1.74bn | — | ₹1.77bn | — | ₹1.78bn | — | ₹1.85bn |
| Cash and short-term investments | ₹327.5m | ₹327.5m | ₹348.4m | ₹348.4m | ₹394.2m | ₹414.0m | ₹448.5m | ₹448.5m |
| Debt | — | ₹81.9m | — | ₹98.1m | — | ₹251,000 | — | ₹44.3m |
| Shareholders' equity | ₹1.57bn | ₹1.57bn | ₹1.54bn | ₹1.54bn | ₹1.61bn | ₹1.61bn | ₹1.63bn | ₹1.63bn |
Financial ratios
Data as of 29 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 6.1% | 49.5% | 43.2% | 66.9% | 57.0% | 63.8% | — | — | — |
| Operating margin | -45.7% | 7.2% | 21.7% | 51.1% | 33.6% | 41.2% | — | — | — |
| Net margin | -33.2% | 3.8% | 15.0% | 38.0% | 25.4% | 33.5% | — | — | — |
| Return on equity | -8.1% | 1.7% | 10.4% | 31.1% | 16.7% | 24.7% | — | — | — |
| Return on assets | -7.3% | 1.5% | 9.5% | 27.7% | 15.1% | 22.2% | — | — | — |
| Free cash flow yield | 5.6% | -0.4% | 13.6% | 18.5% | 18.8% | 11.9% | — | — | — |
| Revenue growth | -46.2% | -30.5% | -6.8% | 67.5% | 5.1% | -9.5% | — | — | — |
| Earnings growth | -568.1% | -82.3% | -63.1% | 150.7% | -20.4% | -12.5% | — | — | — |
| Current ratio | 5.12x | 7.36x | 7.29x | 5.44x | 8.43x | 9.60x | — | — | — |
| Debt to equity | 0.05x | 0.00x | — | — | — | 0.00x | 0.04x | 0.09x | 0.26x |
| Equity ratio | 90.3% | 90.5% | 91.0% | 89.0% | 90.6% | 89.7% | — | — | — |
| Interest coverage | -56.84x | 15.06x | 114.19x | 389.57x | 742.52x | 342.30x | — | — | — |
| R&D as a share of sales | 0.1% | 2.4% | 2.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Buybacks as a share of market value | -5.6% | -0.2% | -5.0% | 4.9% | 0.1% | -0.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -29.6% | -9.3% | 0.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.3% | 48.3% | 51.7% | 53.5% |
| Operating margin | 3.1% | 24.2% | 27.5% | 30.4% |
| Net margin | -9.1% | 14.6% | 18.8% | 19.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | -18.7 | 96.2 | 31.0 | 12.3 |
| Price to sales | 6.2 | 3.7 | 4.7 | 4.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 28 Aug 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.00 | 2.50 | 3.00 | 6.00 | 5.00 | 4.00 | 6.00 | 5.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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