27.08
0.00%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹69.16bn
FY2019FY2026
Net income
₹1.65bn
FY2019FY2026
Free cash flow
−₹1.39bn
FY2019FY2026
Shareholders' equity
₹9.41bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹69.16bn | ₹51.33bn | ₹48.13bn | ₹32.09bn | ₹30.83bn | ₹17.07bn | ₹23.73bn | ₹27.42bn |
| Operating income | ₹2.52bn | ₹676.2m | ₹1.50bn | ₹1.64bn | ₹1.69bn | ₹2.69bn | ₹735.0m | ₹520.8m |
| Net income | ₹1.65bn | ₹867.8m | ₹1.01bn | ₹1.20bn | ₹1.15bn | ₹716.0m | ₹459.0m | ₹311.6m |
| Diluted earnings per share | 3.29 | 1.73 | 2.03 | 2.40 | 2.42 | 1.51 | 0.92 | 0.62 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ₹24.13bn | ₹17.10bn | ₹14.39bn | ₹9.99bn | ₹8.56bn | ₹5.94bn | ₹5.03bn | ₹5.49bn |
| Cash and short-term investments | ₹2.46bn | ₹990.2m | ₹1.15bn | ₹689.0m | ₹185.3m | ₹517.0m | ₹385.0m | ₹90.1m |
| Total liabilities | ₹14.50bn | ₹9.00bn | ₹7.02bn | ₹5.04bn | ₹4.64bn | ₹3.33bn | ₹3.15bn | ₹4.07bn |
| Debt | ₹8.50bn | ₹5.35bn | ₹4.92bn | ₹315.1m | ₹3.30bn | ₹1.81bn | ₹1.73bn | ₹1.32bn |
| Shareholders' equity | ₹9.41bn | ₹7.89bn | ₹7.17bn | ₹4.74bn | ₹3.75bn | ₹2.60bn | ₹1.88bn | ₹1.41bn |
| Shares outstanding | 501m | 501m | 495m | 501m | 475m | 475m | 501m | 501m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹1.03bn | ₹1.02bn | −₹1.66bn | ₹36.5m | −₹355.2m | ₹211.0m | ₹412.0m | ₹225.2m |
| Capital spending | −₹358.1m | −₹218.0m | −₹380.1m | −₹423.0m | −₹1.9m | −₹135.0m | −₹267.0m | −₹84.4m |
| Free cash flow | −₹1.39bn | ₹800.3m | −₹2.04bn | −₹386.5m | −₹357.1m | ₹76.0m | ₹145.0m | ₹140.8m |
| Dividends paid | −₹150.2m | −₹150.2m | −₹150.2m | −₹95.0m | — | — | −₹2.6m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹21.10bn | ₹15.79bn | ₹20.59bn | ₹21.55bn | ₹11.23bn | ₹15.00bn | ₹14.55bn | ₹14.66bn |
| Operating income | ₹24.9m | −₹141.9m | ₹564.5m | ₹873.3m | −₹21.8m | −₹41.6m | ₹227.8m | ₹494.9m |
| Net income | ₹506.9m | ₹79.7m | ₹662.3m | ₹897.6m | ₹8.1m | ₹132.2m | ₹202.9m | ₹519.4m |
| Diluted earnings per share | 1.01 | 0.16 | 1.32 | 1.79 | 0.02 | 0.26 | 0.41 | 1.05 |
| Cash from operations | — | — | — | ₹314.0m | — | — | — | — |
| Capital spending | — | — | — | −₹220.0m | — | — | — | — |
| Free cash flow | — | — | — | ₹94.0m | — | — | — | — |
| Total assets | — | ₹24.13bn | — | ₹17.68bn | — | ₹17.10bn | — | ₹19.69bn |
| Cash and short-term investments | ₹2.46bn | ₹2.46bn | ₹1.70bn | ₹1.70bn | ₹990.2m | ₹942.9m | ₹1.28bn | ₹1.35bn |
| Debt | — | ₹8.50bn | — | ₹6.27bn | — | ₹5.36bn | — | ₹5.43bn |
| Shareholders' equity | ₹9.62bn | ₹9.41bn | ₹8.85bn | ₹8.64bn | ₹8.10bn | ₹7.89bn | ₹7.77bn | ₹7.55bn |
Financial ratios
Data as of 1 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 3.6% | 1.3% | 3.1% | 5.1% | 5.5% | 6.1% |
| Net margin | 2.4% | 1.7% | 2.1% | 3.8% | 3.7% | 4.2% |
| Return on equity | 17.5% | 11.0% | 14.0% | 25.4% | 30.6% | 27.5% |
| Return on assets | 6.8% | 5.1% | 7.0% | 12.1% | 13.4% | 12.1% |
| Free cash flow yield | -5.8% | 10.6% | -11.1% | 3.9% | -3.2% | 3.1% |
| Revenue growth | 34.7% | 6.6% | 50.0% | 4.1% | 80.6% | -28.0% |
| Earnings growth | 89.9% | -13.8% | -16.4% | 4.9% | 60.3% | 56.0% |
| Current ratio | 1.26x | 1.29x | 1.45x | 1.27x | 1.31x | 1.27x |
| Debt to equity | 0.90x | 0.68x | 0.68x | 0.72x | 0.88x | 0.68x |
| Equity ratio | 39.0% | 46.1% | 49.8% | 47.5% | 43.8% | 43.9% |
| Interest coverage | 7.30x | 2.89x | 11.07x | 12.47x | 16.81x | 15.67x |
| Buybacks as a share of market value | 0.0% | -1.2% | 1.2% | -5.4% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.2% | 32.3% | — |
| Operating income | 15.4% | -1.3% | — |
| Net income | 11.0% | 18.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.7% | 3.2% | 4.3% | — |
| Net margin | 2.1% | 2.4% | 2.7% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | 8.3 | 16.7 | 19.6 | 35.0 |
| Price to sales | 0.2 | 0.3 | 0.4 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 22 Aug 2025.
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Paid in the year | 0.30 | 0.30 | 0.30 |
- 10-for-1 split · 29 Dec 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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