E 
136.83
-0.11%
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
₹11.52bn
FY2020FY2026
Net income
−₹2.74bn
FY2020FY2026
Free cash flow
−₹2.62bn
FY2020FY2026
Shareholders' equity
₹6.51bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | ₹11.52bn | ₹8.68bn | ₹10.20bn | ₹7.08bn | ₹8.43bn | ₹5.13bn | ₹4.71bn |
| Research and development | ₹483.1m | ₹276.7m | ₹174.3m | ₹70.9m | ₹56.3m | ₹33.4m | ₹261.4m |
| Operating income | −₹2.13bn | −₹932.6m | ₹984.3m | ₹420.1m | ₹578.5m | ₹187.1m | −₹436.0m |
| Net income | −₹2.74bn | −₹1.10bn | ₹639.2m | ₹63.7m | ₹51.4m | ₹34.5m | −₹591.2m |
| Diluted earnings per share | -19.71 | -7.91 | 5.29 | 0.53 | 0.56 | 0.25 | -4.25 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | ₹19.89bn | ₹16.68bn | ₹10.13bn | ₹7.05bn | ₹6.03bn | ₹6.78bn | ₹4.36bn |
| Cash and short-term investments | ₹642.7m | ₹2.45bn | ₹973.1m | ₹379.6m | ₹554.2m | ₹145.4m | ₹96.7m |
| Total liabilities | ₹13.38bn | ₹10.55bn | ₹2.91bn | ₹4.73bn | ₹3.81bn | ₹4.65bn | ₹2.29bn |
| Debt | ₹7.13bn | ₹7.07bn | ₹462.3m | ₹1.33bn | ₹1.28bn | ₹1.22bn | ₹657.9m |
| Shareholders' equity | ₹6.51bn | ₹6.14bn | ₹7.22bn | ₹2.15bn | ₹2.22bn | ₹1.88bn | ₹2.06bn |
| Shares outstanding | 139m | 139m | 121m | 121m | 92m | 139m | 139m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −₹623.8m | −₹1.69bn | ₹284.3m | ₹25.8m | ₹560.4m | −₹134.6m | −₹79.4m |
| Capital spending | −₹2.00bn | −₹6.04bn | −₹444.2m | −₹164.5m | −₹200.1m | −₹179.1m | −₹122.4m |
| Free cash flow | −₹2.62bn | −₹7.73bn | −₹159.8m | −₹138.7m | ₹360.3m | −₹313.6m | −₹201.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.31bn | ₹3.88bn | ₹2.77bn | ₹2.82bn | ₹2.05bn | ₹2.66bn | ₹1.97bn | ₹1.53bn |
| Operating income | −₹607.5m | −₹347.3m | −₹617.4m | −₹597.5m | −₹634.2m | −₹498.8m | −₹420.0m | −₹211.8m |
| Net income | −₹692.6m | −₹543.1m | −₹678.7m | −₹688.1m | −₹831.4m | −₹622.7m | −₹489.7m | −₹170.3m |
| Diluted earnings per share | -4.98 | -3.91 | -4.88 | -4.95 | -5.98 | -4.48 | -4.05 | -1.41 |
| Cash from operations | — | — | — | −₹626.0m | — | — | — | — |
| Capital spending | — | — | — | −₹889.0m | — | — | — | — |
| Free cash flow | — | — | — | −₹1.51bn | — | — | — | — |
| Total assets | — | ₹19.89bn | — | ₹18.39bn | — | ₹16.68bn | — | ₹16.22bn |
| Cash and short-term investments | ₹642.7m | ₹642.7m | ₹1.42bn | ₹1.42bn | ₹2.20bn | ₹2.45bn | ₹3.86bn | ₹4.02bn |
| Debt | — | ₹4.69bn | — | ₹3.43bn | — | ₹4.79bn | — | ₹4.30bn |
| Shareholders' equity | ₹6.51bn | ₹6.51bn | ₹7.44bn | ₹7.44bn | ₹6.14bn | ₹6.14bn | ₹7.29bn | ₹7.29bn |
Financial ratios
Data as of 2 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | -18.5% | -10.7% | 9.7% | 5.9% | 6.9% | 3.6% |
| Net margin | -23.8% | -12.7% | 6.3% | 1.1% | 0.6% | 0.7% |
| Return on equity | -42.1% | -17.9% | 8.9% | 3.5% | 2.3% | 1.8% |
| Return on assets | -13.8% | -6.6% | 6.3% | 1.1% | 0.9% | 0.5% |
| Free cash flow yield | 6.5% | 20.7% | 4.0% | 1.0% | 5.4% | — |
| Revenue growth | 32.7% | -14.9% | 44.0% | -16.0% | 64.3% | 9.0% |
| Earnings growth | 149.1% | -272.1% | 697.5% | 56.0% | 48.9% | -105.8% |
| Current ratio | 1.21x | 1.74x | 3.32x | 1.56x | 1.44x | 1.43x |
| Debt to equity | 0.72x | 0.78x | 0.05x | 0.52x | 0.51x | 0.56x |
| Equity ratio | 32.7% | 36.8% | 71.3% | 32.9% | 36.7% | 27.6% |
| Interest coverage | -3.82x | -2.16x | 5.12x | 2.21x | 3.12x | 1.33x |
| R&D as a share of sales | 4.2% | 3.2% | 1.7% | 1.0% | 0.7% | 0.7% |
| Buybacks as a share of market value | 0.0% | -15.0% | -0.1% | -30.7% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.6% | 17.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -15.2% | -4.4% | -1.8% | — |
| Net margin | -19.0% | -8.4% | -6.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Price to earnings | -7.3 | -14.8 | 46.8 |
| Price to sales | 1.7 | 1.9 | 2.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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