K 
59.62
+3.69%
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
₹433.1m
FY2016FY2025
Net income
−₹269.4m
FY2016FY2025
Free cash flow
−₹114.5m
FY2016FY2025
Shareholders' equity
−₹1.46bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹433.1m | ₹504.2m | ₹521.3m | ₹597.0m | ₹537.0m | ₹334.1m | ₹477.6m | ₹337.8m | ₹35.3m | ₹14.1m |
| Gross profit | ₹192.3m | ₹218.2m | ₹116.6m | −₹81.9m | ₹83.4m | ₹54.6m | ₹122.1m | ₹78.7m | ₹8.4m | −₹32.3m |
| Operating income | −₹217.2m | −₹154.9m | −₹223.4m | −₹402.9m | −₹227.0m | −₹233.1m | −₹141.0m | −₹130.1m | −₹126.4m | −₹166.1m |
| Net income | −₹269.4m | −₹197.3m | −₹246.9m | −₹445.3m | −₹283.6m | −₹288.7m | −₹200.1m | −₹178.2m | −₹160.5m | −₹163.2m |
| Diluted earnings per share | -12.49 | -9.15 | -11.46 | -20.68 | -13.15 | -14.72 | -12.64 | -12.52 | -11.28 | -11.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹1.69bn | ₹1.78bn | ₹1.75bn | ₹1.90bn | ₹1.59bn | ₹1.34bn | ₹1.42bn | ₹1.26bn | ₹1.22bn | ₹1.16bn |
| Cash and short-term investments | ₹234,000 | ₹691,000 | ₹174,000 | ₹323,000 | ₹5.9m | ₹559,000 | ₹171.8m | ₹7.5m | ₹1.2m | ₹2.7m |
| Total liabilities | ₹3.15bn | ₹2.97bn | ₹2.74bn | ₹2.65bn | ₹2.02bn | ₹1.59bn | ₹1.57bn | ₹1.44bn | ₹1.21bn | ₹1.03bn |
| Debt | ₹2.12bn | ₹1.93bn | ₹1.83bn | ₹1.43bn | ₹1.01bn | ₹655.1m | ₹502.3m | ₹516.6m | ₹903.3m | ₹558.8m |
| Shareholders' equity | −₹1.46bn | −₹1.19bn | −₹994.6m | −₹750.9m | −₹427.3m | −₹250.0m | −₹142.9m | −₹177.8m | ₹14.8m | ₹130.1m |
| Shares outstanding | 22m | 22m | 22m | 22m | 22m | 20m | 16m | 14m | 14m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹78.9m | ₹23.0m | −₹247.1m | −₹172.2m | −₹145.7m | −₹358.6m | ₹39.0m | −₹61.9m | −₹112.0m | −₹152.6m |
| Capital spending | −₹35.6m | −₹94.2m | −₹151.6m | −₹270.8m | −₹255.1m | −₹87.0m | −₹43.4m | −₹43.0m | −₹110.0m | −₹105.4m |
| Free cash flow | −₹114.5m | −₹71.1m | −₹398.7m | −₹442.9m | −₹400.8m | −₹445.6m | −₹4.4m | −₹104.9m | −₹222.0m | −₹258.1m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹72.7m | ₹41.7m | ₹54.8m | ₹61.0m | ₹114.7m | ₹128.6m | ₹128.9m | ₹119.7m |
| Gross profit | ₹72.7m | ₹41.7m | ₹51.9m | ₹55.3m | ₹101.6m | ₹104.3m | ₹116.3m | ₹90.8m |
| Operating income | −₹13.4m | −₹44.2m | −₹36.9m | −₹69.8m | −₹64.3m | −₹44.2m | −₹38.9m | −₹47.9m |
| Net income | −₹31.3m | −₹61.4m | −₹53.2m | −₹82.7m | −₹77.4m | −₹57.6m | −₹51.7m | −₹58.5m |
| Diluted earnings per share | -1.45 | -2.85 | -2.47 | -3.83 | -3.59 | -2.67 | -2.40 | -2.71 |
| Cash from operations | — | −₹16.0m | — | −₹77.0m | — | −₹62.0m | — | ₹23.0m |
| Capital spending | — | −₹20.0m | — | −₹35.0m | — | −₹10.0m | — | −₹94.0m |
| Free cash flow | — | −₹36.0m | — | −₹112.0m | — | −₹72.0m | — | −₹71.0m |
| Total assets | ₹1.66bn | ₹1.68bn | — | ₹1.69bn | — | ₹1.85bn | — | ₹1.78bn |
| Cash and short-term investments | ₹1.8m | ₹1.6m | — | ₹3.4m | — | ₹112.1m | — | ₹31.5m |
| Debt | ₹2.21bn | ₹2.19bn | — | ₹2.12bn | — | ₹2.05bn | — | ₹1.93bn |
| Shareholders' equity | −₹1.61bn | −₹1.58bn | — | −₹1.46bn | — | −₹1.30bn | — | −₹1.19bn |
Financial ratios
Data as of 4 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 27.5% | 87.2% | -16.0% | 46.8% | -9.7% | -35.3% | — |
| Operating margin | -41.5% | -48.5% | -29.8% | -41.7% | -65.6% | -57.2% | — |
| Net margin | -71.4% | -62.2% | -39.1% | -47.4% | -74.6% | -73.5% | — |
| Return on equity | 10.4% | 18.4% | 16.5% | 24.8% | 59.3% | 66.4% | — |
| Return on assets | -10.4% | -15.9% | -11.1% | -14.1% | -23.5% | -17.8% | — |
| Free cash flow yield | -4.7% | -3.5% | 9.6% | -11.3% | 5.1% | 8.9% | — |
| Revenue growth | -45.2% | -14.1% | -3.3% | -12.7% | 54.6% | 63.7% | — |
| Earnings growth | -37.1% | 36.6% | -20.1% | -44.5% | 57.0% | -1.8% | — |
| Current ratio | 0.09x | 0.10x | 0.28x | 0.33x | 0.45x | 0.44x | — |
| Debt to equity | -1.38x | -1.45x | -1.62x | -1.84x | -1.91x | -2.60x | — |
| Equity ratio | -99.7% | -86.5% | -66.9% | -56.8% | -39.6% | -26.8% | — |
| Interest coverage | -1.39x | -3.55x | -3.21x | -7.31x | -7.26x | -3.52x | — |
| R&D as a share of sales | — | 3.5% | 2.5% | 2.2% | 2.7% | 3.8% | 4.1% |
| Buybacks as a share of market value | 0.0% | -0.0% | -0.0% | -0.1% | 0.2% | -9.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.1% | 5.3% | 128.4% |
| Operating income | -18.6% | -1.4% | 16.6% |
| Net income | -15.4% | -1.4% | 16.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.8% | 21.7% | 19.9% | 19.8% |
| Operating margin | -39.7% | -48.6% | -49.8% | -54.6% |
| Net margin | -49.8% | -56.4% | -59.1% | -65.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.5 | -10.2 | -6.8 | -5.3 | -15.3 | -9.4 | -6.2 | -8.8 | -11.8 | -6.4 |
| Price to sales | 3.4 | 4.0 | 3.2 | 4.0 | 8.1 | 8.2 | 2.6 | 4.6 | 53.7 | 74.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Sept 2005.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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