L 
409.30
+10.91%
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
₹2.09bn
FY2017FY2026
Net income
₹38.6m
FY2017FY2026
Free cash flow
−₹465.8m
FY2017FY2026
Shareholders' equity
₹2.28bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.09bn | ₹2.28bn | ₹2.94bn | ₹2.40bn | ₹2.02bn | ₹1.50bn | ₹1.25bn | ₹1.89bn | ₹1.73bn | ₹1.32bn |
| Research and development | ₹125,000 | ₹4.7m | ₹5.3m | ₹10.4m | ₹5.2m | ₹4.8m | ₹6.5m | ₹6.5m | ₹6.0m | ₹5.5m |
| Operating income | ₹228.9m | ₹160.7m | ₹550.8m | ₹198.1m | ₹215.6m | ₹178.9m | ₹32.3m | ₹222.3m | ₹212.4m | ₹199.7m |
| Net income | ₹38.6m | ₹5.4m | ₹138.5m | ₹96.7m | ₹63.5m | ₹39.6m | −₹46.8m | ₹67.7m | ₹47.0m | ₹21.9m |
| Diluted earnings per share | 1.87 | 0.27 | 7.22 | 5.41 | 3.55 | 2.21 | -2.62 | 3.65 | 2.63 | 1.23 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹4.96bn | ₹4.28bn | ₹3.91bn | ₹3.26bn | ₹2.94bn | ₹2.87bn | ₹2.78bn | ₹2.88bn | ₹2.80bn | ₹3.00bn |
| Cash and short-term investments | ₹102.3m | ₹93.3m | ₹2.1m | ₹2.2m | ₹1.8m | ₹5.8m | ₹8.1m | ₹10.3m | ₹13.5m | ₹22.9m |
| Total liabilities | ₹2.68bn | ₹2.15bn | ₹1.95bn | ₹1.67bn | ₹1.45bn | ₹1.44bn | ₹1.39bn | ₹1.44bn | ₹1.42bn | ₹1.67bn |
| Debt | ₹1.69bn | ₹1.34bn | ₹1.18bn | ₹880.9m | ₹869.2m | ₹869.0m | ₹793.0m | ₹771.4m | ₹839.2m | ₹998.2m |
| Shareholders' equity | ₹2.28bn | ₹2.13bn | ₹1.96bn | ₹1.59bn | ₹1.49bn | ₹1.43bn | ₹1.39bn | ₹1.44bn | ₹1.38bn | ₹1.33bn |
| Shares outstanding | 21m | 20m | 19m | 18m | 18m | 18m | 18m | 19m | 18m | 18m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹306.9m | ₹69.1m | ₹174.4m | ₹316.3m | ₹230.9m | ₹93.3m | ₹113.9m | ₹311.8m | ₹303.5m | ₹210.6m |
| Capital spending | −₹158.9m | −₹373.4m | −₹591.0m | −₹235.6m | −₹121.7m | −₹29.6m | −₹34.5m | −₹95.5m | −₹74.2m | −₹97.4m |
| Free cash flow | −₹465.8m | −₹304.4m | −₹416.6m | ₹80.8m | ₹109.1m | ₹63.7m | ₹79.4m | ₹216.3m | ₹229.4m | ₹113.3m |
| Dividends paid | — | — | −₹81,000 | −₹85,000 | −₹41,000 | −₹93,000 | −₹70,000 | −₹70,000 | −₹70,000 | −₹8.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹554.6m | ₹593.6m | ₹507.3m | ₹504.3m | ₹480.5m | ₹386.9m | ₹517.9m | ₹753.2m |
| Operating income | ₹57.4m | ₹65.7m | ₹56.9m | ₹59.0m | ₹51.1m | ₹37.3m | −₹23.3m | ₹87.9m |
| Net income | ₹10.1m | ₹21.5m | ₹6.3m | ₹6.3m | ₹4.6m | ₹1.3m | −₹41.0m | ₹34.8m |
| Diluted earnings per share | 0.49 | 1.04 | 0.31 | 0.31 | 0.23 | 0.06 | -2.14 | 1.82 |
| Cash from operations | — | — | — | −₹172.0m | — | ₹209.0m | — | ₹154.0m |
| Capital spending | — | — | — | −₹120.0m | — | −₹373.0m | — | −₹206.0m |
| Free cash flow | — | — | — | −₹292.0m | — | −₹164.0m | — | −₹52.0m |
| Total assets | — | ₹4.96bn | — | ₹4.59bn | — | ₹4.28bn | — | ₹4.11bn |
| Cash and short-term investments | — | ₹102.3m | ₹97.0m | ₹110.3m | ₹93.3m | ₹93.3m | ₹87.8m | ₹109.4m |
| Debt | — | ₹1.69bn | — | ₹1.61bn | — | ₹1.34bn | — | ₹1.31bn |
| Shareholders' equity | — | ₹2.28bn | ₹2.26bn | ₹2.26bn | ₹2.13bn | ₹2.13bn | ₹2.01bn | ₹2.01bn |
Financial ratios
Data as of 19 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 11.1% | 7.0% | 10.4% | 10.5% | 10.7% | 11.3% |
| Net margin | 1.9% | 0.2% | 4.7% | 4.0% | 3.1% | 2.6% |
| Return on equity | 1.7% | 0.3% | 7.1% | 6.1% | 4.3% | 2.8% |
| Return on assets | 0.8% | 0.1% | 3.5% | 3.0% | 2.2% | 1.4% |
| Free cash flow yield | -1.8% | 5.7% | 10.2% | 7.9% | 5.0% | 1.8% |
| Revenue growth | -8.7% | -22.2% | 22.2% | 19.1% | 34.4% | 20.5% |
| Earnings growth | 619.4% | -96.1% | 43.2% | 52.4% | 60.2% | -184.6% |
| Current ratio | 1.47x | 1.36x | 1.41x | 1.31x | 1.44x | 1.41x |
| Debt to equity | 0.74x | 0.63x | 0.60x | 0.55x | 0.58x | 0.61x |
| Equity ratio | 46.0% | 49.7% | 50.2% | 48.7% | 50.7% | 49.9% |
| Interest coverage | 1.26x | 1.06x | 2.66x | 2.35x | 1.77x | 1.36x |
| R&D as a share of sales | 0.0% | 0.2% | 0.2% | 0.4% | 0.3% | 0.3% |
| Buybacks as a share of market value | -3.1% | -4.3% | -7.1% | 0.0% | 0.2% | -0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.6% | 6.8% | 5.6% |
| Operating income | 4.9% | 5.1% | 1.9% |
| Net income | -26.4% | -0.5% | 6.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.9% | 11.7% | 11.6% | 11.6% |
| Net margin | 1.0% | 2.9% | 2.9% | 2.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 206.9 | — | 43.5 | 67.4 | 29.6 | 36.4 | -13.0 | 9.2 | 18.2 | 59.2 |
| Price to sales | 3.8 | 1.4 | 2.0 | 2.7 | 0.9 | 1.0 | 0.5 | 0.3 | 0.5 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Sept 2016.
| FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.50 | 0.50 | 0.75 | 0.50 | 1.00 | 1.00 | 2.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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