L 
80.60
+2.52%
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
₹1.28bn
FY2017FY2026
Net income
−₹100.3m
FY2017FY2026
Free cash flow
−₹75.2m
FY2017FY2026
Shareholders' equity
₹923.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.28bn | ₹1.41bn | ₹1.05bn | ₹916.9m | ₹1.84bn | ₹671.1m | ₹554.1m | ₹642.4m | ₹563.6m | ₹993.8m |
| Research and development | — | ₹9.8m | ₹13.9m | ₹14.3m | — | — | — | — | — | ₹4.8m |
| Operating income | −₹121.2m | ₹505.0m | ₹15.0m | ₹16.1m | ₹830.9m | ₹113.6m | −₹202.2m | −₹89.6m | −₹130.4m | ₹125.2m |
| Net income | −₹100.3m | ₹80.1m | −₹24.9m | −₹132.1m | ₹390.0m | −₹115.5m | −₹605.4m | −₹55.5m | −₹172.7m | −₹55.4m |
| Diluted earnings per share | -2.77 | 2.24 | -0.69 | -3.93 | 13.63 | -4.01 | -21.38 | -1.95 | -5.54 | -2.47 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹1.75bn | ₹1.76bn | ₹1.57bn | ₹1.52bn | ₹1.86bn | ₹1.90bn | ₹2.00bn | ₹2.17bn | ₹2.35bn | ₹2.48bn |
| Cash and short-term investments | ₹13.8m | ₹13.6m | ₹62.9m | ₹119.4m | ₹21.6m | ₹76.3m | ₹107.9m | ₹27.2m | ₹16.2m | ₹51.2m |
| Total liabilities | ₹837.1m | ₹726.2m | ₹884.6m | ₹1.06bn | ₹1.72bn | ₹2.15bn | ₹2.15bn | ₹1.72bn | ₹1.77bn | ₹2.06bn |
| Debt | ₹488.7m | ₹391.8m | ₹586.5m | ₹751.0m | ₹1.30bn | ₹1.63bn | ₹1.42bn | ₹964.2m | ₹1.13bn | ₹1.25bn |
| Shareholders' equity | ₹923.9m | ₹1.04bn | ₹681.5m | ₹454.4m | ₹133.4m | −₹258.0m | −₹143.4m | ₹448.1m | ₹530.0m | ₹392.0m |
| Shares outstanding | 36m | 36m | 36m | 34m | 29m | 29m | 28m | 28m | 31m | 22m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹36.1m | ₹19.0m | ₹17.7m | ₹89.5m | ₹792.5m | ₹88.1m | ₹53.2m | ₹266.7m | ₹108.8m | ₹313.8m |
| Capital spending | −₹111.3m | −₹156.5m | −₹92.3m | −₹81.9m | −₹75.1m | −₹12.7m | −₹11.0m | −₹48.2m | −₹36.2m | −₹133.9m |
| Free cash flow | −₹75.2m | −₹137.6m | −₹74.6m | ₹7.7m | ₹717.3m | ₹75.4m | ₹42.3m | ₹218.5m | ₹72.6m | ₹179.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹423.1m | ₹280.3m | ₹307.3m | ₹366.6m | ₹330.3m | ₹342.5m | ₹338.0m | ₹411.6m |
| Operating income | ₹25.4m | −₹85.0m | −₹5.1m | −₹46.9m | ₹15.7m | ₹34.9m | ₹41.9m | ₹31.9m |
| Net income | ₹20.7m | −₹76.1m | −₹2,000 | −₹33.6m | ₹9.3m | ₹17.7m | ₹27.1m | ₹21.0m |
| Diluted earnings per share | 0.57 | -2.10 | -0.00 | -0.94 | 0.26 | 0.50 | 0.75 | 0.58 |
| Cash from operations | — | — | — | ₹136.0m | — | ₹18.0m | — | ₹7.0m |
| Capital spending | — | — | — | −₹85.0m | — | −₹156.0m | — | −₹81.0m |
| Free cash flow | — | — | — | ₹51.0m | — | −₹138.0m | — | −₹74.0m |
| Total assets | — | ₹1.75bn | — | ₹1.68bn | — | ₹1.76bn | — | ₹1.68bn |
| Cash and short-term investments | ₹18.9m | ₹13.8m | ₹11.9m | ₹11.9m | ₹18.4m | ₹13.6m | ₹11.3m | ₹11.3m |
| Debt | — | ₹488.7m | — | ₹316.6m | — | ₹391.8m | — | ₹351.6m |
| Shareholders' equity | ₹908.3m | ₹923.9m | ₹1.01bn | ₹1.01bn | ₹1.04bn | ₹1.04bn | ₹986.9m | ₹989.1m |
Financial ratios
Data as of 27 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2017 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -9.4% | 9.5% | 3.8% | -1.4% | 45.7% | 17.6% | — | — |
| Net margin | -7.8% | 5.7% | -2.4% | -14.4% | 21.2% | -17.2% | — | — |
| Return on equity | -10.9% | 7.7% | -3.7% | -29.1% | 292.4% | 44.8% | — | — |
| Return on assets | -5.7% | 4.5% | -1.6% | -8.7% | 21.0% | -6.1% | — | — |
| Free cash flow yield | 5.2% | 6.2% | 3.9% | 6.5% | 38.4% | 4.4% | — | — |
| Revenue growth | -8.7% | 33.9% | 14.7% | -50.1% | 173.6% | 21.1% | — | — |
| Earnings growth | -225.2% | -421.8% | -81.2% | -133.9% | -437.5% | -80.9% | — | — |
| Current ratio | 1.17x | 1.45x | 1.35x | 1.36x | 0.53x | 0.58x | — | — |
| Debt to equity | 0.53x | 0.37x | 0.84x | 1.61x | 9.78x | -6.32x | — | — |
| Equity ratio | 52.9% | 58.8% | 43.5% | 30.0% | 7.2% | -13.6% | — | — |
| Interest coverage | -3.83x | 5.90x | 0.81x | -0.11x | 4.16x | 0.45x | — | — |
| R&D as a share of sales | 0.2% | 0.7% | 1.3% | 1.6% | — | — | 0.5% | 2.0% |
| Buybacks as a share of market value | -1.3% | 1.2% | -7.5% | -17.4% | 0.8% | -1.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.9% | 13.9% | 0.1% |
| Net income | -8.8% | -2.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.3% | 8.9% | 19.0% | 10.2% |
| Net margin | -0.8% | -3.8% | 1.4% | -6.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -27.2 | 33.8 | -228.9 | -31.5 | 9.5 | -55.5 | -1.4 | -10.0 | -5.5 | -26.1 |
| Price to sales | 2.1 | 1.9 | 5.4 | 4.5 | 2.0 | 9.6 | 1.6 | 0.9 | 1.7 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Aug 1996.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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