I 
198.10
+0.72%
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
₹4.86bn
FY2020FY2025
Net income
₹324.2m
FY2020FY2025
Free cash flow
−₹608.5m
FY2020FY2025
Shareholders' equity
₹5.61bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | ₹4.86bn | ₹4.38bn | ₹3.59bn | ₹2.20bn | ₹1.60bn | ₹1.41bn |
| Gross profit | ₹2.05bn | ₹1.80bn | ₹1.29bn | ₹743.5m | ₹537.0m | ₹462.9m |
| Research and development | ₹17.0m | ₹15.9m | ₹9.4m | ₹4.5m | ₹2.5m | ₹2.9m |
| Operating income | ₹357.0m | ₹813.1m | ₹722.1m | ₹377.6m | ₹278.2m | ₹240.9m |
| Net income | ₹324.2m | ₹605.7m | ₹500.4m | ₹280.1m | ₹205.8m | ₹159.9m |
| Diluted earnings per share | 4.18 | 8.09 | 7.70 | 3.62 | 2.66 | 2.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | ₹6.76bn | ₹6.58bn | ₹3.11bn | ₹1.13bn | ₹741.0m | ₹509.8m |
| Cash and short-term investments | ₹1.10bn | ₹1.88bn | ₹30.1m | ₹6.5m | ₹1.9m | ₹66.6m |
| Total liabilities | ₹1.15bn | ₹1.05bn | ₹1.69bn | ₹361.7m | ₹257.9m | ₹233.3m |
| Debt | ₹527.4m | ₹703.3m | ₹1.23bn | ₹161.6m | ₹49.6m | ₹77.8m |
| Shareholders' equity | ₹5.61bn | ₹5.53bn | ₹1.42bn | ₹764.4m | ₹483.2m | ₹276.5m |
| Shares outstanding | 78m | 75m | 65m | 77m | 77m | 77m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | ₹350.5m | −₹52.0m | ₹592.5m | −₹52.5m | −₹490,000 | ₹132.1m |
| Capital spending | −₹958.9m | −₹837.0m | −₹196.5m | −₹45.6m | −₹30.8m | −₹38.8m |
| Free cash flow | −₹608.5m | −₹889.0m | ₹396.0m | −₹98.1m | −₹31.3m | ₹93.3m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.64bn | ₹1.20bn | ₹1.12bn | ₹1.22bn | ₹1.25bn | ₹1.27bn | ₹947.9m | ₹1.17bn |
| Gross profit | ₹574.2m | ₹439.9m | ₹503.5m | ₹563.6m | ₹536.3m | ₹444.2m | ₹401.5m | ₹489.6m |
| Operating income | ₹110.1m | ₹42.5m | ₹1.0m | ₹78.3m | ₹157.0m | ₹120.7m | ₹131.0m | ₹238.0m |
| Net income | ₹100.3m | ₹21.2m | −₹8.4m | ₹78.8m | ₹129.9m | ₹123.9m | ₹95.2m | ₹189.6m |
| Diluted earnings per share | 1.41 | 0.31 | -0.11 | 1.01 | 1.67 | 1.60 | 1.27 | 2.56 |
| Total assets | ₹7.28bn | — | ₹6.76bn | — | ₹6.82bn | — | ₹6.58bn | — |
| Cash and short-term investments | ₹914.5m | — | ₹1.14bn | — | ₹1.50bn | — | ₹1.88bn | — |
| Debt | ₹302.6m | — | ₹282.6m | — | ₹292.5m | — | ₹655.9m | — |
| Shareholders' equity | ₹5.76bn | — | ₹5.61bn | — | ₹5.50bn | — | ₹5.53bn | — |
Financial ratios
Data as of 4 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.4% | 42.1% | 40.1% | 35.5% | 41.6% | 43.2% |
| Operating margin | 9.2% | 7.3% | 28.1% | 20.3% | 21.9% | 20.8% |
| Net margin | 6.4% | 6.4% | 13.8% | 13.9% | 15.2% | 13.5% |
| Return on equity | 6.3% | 5.5% | 11.0% | 35.2% | 47.3% | 47.3% |
| Return on assets | 4.9% | 4.6% | 9.2% | 16.1% | 19.1% | 16.5% |
| Free cash flow yield | 6.8% | 8.9% | 5.3% | 5.4% | -0.5% | — |
| Revenue growth | 22.5% | 10.9% | 22.1% | 8.1% | 55.5% | -3.1% |
| Earnings growth | 22.4% | -49.0% | 21.1% | -0.9% | 75.4% | 34.6% |
| Current ratio | 3.15x | 4.55x | 5.74x | 1.36x | 1.76x | 1.63x |
| Debt to equity | 0.08x | 0.05x | 0.09x | 0.81x | 1.01x | 0.58x |
| Equity ratio | 78.5% | 83.0% | 84.1% | 45.7% | 40.3% | 34.9% |
| Interest coverage | 6.69x | 4.27x | 10.90x | 8.08x | 14.51x | 10.23x |
| R&D as a share of sales | 0.4% | 0.3% | 0.4% | 0.3% | 0.2% | 0.3% |
| Buybacks as a share of market value | 0.0% | 0.9% | -5.3% | -13.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 30.2% | 28.1% | — |
| Operating income | -1.9% | 8.2% | — |
| Net income | 5.0% | 15.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 41.6% | 39.1% | 38.1% | — |
| Operating margin | 12.7% | 15.1% | 15.5% | — |
| Net margin | 10.1% | 11.4% | 11.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 43.5 | 30.1 | 41.4 |
| Price to sales | 2.9 | 4.2 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Aug 2024.
| FY2025 | |
|---|---|
| Paid in the year | 1.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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