M
56.48
+1.84%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Net income
₹804.2m
FY2017FY2026
Free cash flow
₹253.7m
FY2017FY2026
Shareholders' equity
₹919.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | ₹963.4m | ₹1.74bn | ₹840.8m | ₹3.17bn | ₹2.55bn | ₹1.02bn | −₹281.9m | −₹475.9m | ₹477.7m | ₹749.7m |
| Net income | ₹804.2m | ₹642.5m | ₹55.6m | ₹1.85bn | ₹1.62bn | ₹28.7m | −₹1.25bn | −₹1.30bn | −₹448.1m | ₹35.4m |
| Diluted earnings per share | 5.00 | 3.99 | 0.34 | 11.51 | 10.08 | 0.18 | -7.84 | -8.20 | -2.78 | 0.22 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹23.33bn | ₹22.33bn | ₹20.07bn | ₹18.57bn | ₹19.11bn | ₹11.91bn | ₹14.19bn | ₹15.68bn | ₹15.82bn | ₹12.30bn |
| Cash and short-term investments | ₹6.56bn | ₹6.66bn | ₹5.51bn | ₹3.69bn | ₹247.8m | ₹500.0m | ₹1.00bn | ₹368.2m | ₹272.1m | ₹24.0m |
| Total liabilities | ₹22.41bn | ₹22.66bn | ₹21.97bn | ₹21.44bn | ₹24.16bn | ₹18.86bn | ₹21.48bn | ₹21.44bn | ₹20.74bn | ₹16.60bn |
| Debt | ₹6.34bn | ₹15.94bn | ₹15.83bn | ₹14.94bn | ₹17.36bn | ₹13.78bn | ₹18.04bn | ₹16.52bn | ₹15.06bn | ₹12.54bn |
| Shareholders' equity | ₹919.7m | −₹323.0m | −₹1.90bn | −₹2.87bn | −₹5.05bn | −₹6.95bn | −₹7.30bn | −₹5.75bn | −₹4.92bn | −₹4.30bn |
| Shares outstanding | 161m | 161m | 161m | 161m | 161m | 161m | 160m | 158m | 161m | 161m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹561.9m | ₹1.16bn | ₹1.64bn | ₹6.87bn | −₹3.16bn | ₹4.91bn | ₹1.04bn | −₹226.3m | −₹1.50bn | ₹2.20bn |
| Capital spending | −₹308.2m | −₹132.3m | −₹315.8m | −₹106.9m | −₹78.9m | −₹187.7m | −₹922.0m | −₹218.3m | −₹41.6m | −₹75.8m |
| Free cash flow | ₹253.7m | ₹1.03bn | ₹1.33bn | ₹6.77bn | −₹3.24bn | ₹4.72bn | ₹113.1m | −₹444.6m | −₹1.54bn | ₹2.12bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | ₹712.6m | ₹322.2m | ₹178.6m | ₹91.5m | ₹700.7m | −₹646.6m | ₹1.14bn | ₹86.4m |
| Net income | ₹345.9m | ₹208.9m | ₹25.2m | ₹129.5m | ₹440.6m | −₹524.4m | ₹746.3m | ₹15.8m |
| Diluted earnings per share | 2.15 | 1.30 | 0.16 | 0.80 | 2.73 | -3.26 | 4.63 | 0.10 |
| Cash from operations | — | — | — | ₹3.25bn | — | ₹1.16bn | — | ₹1.46bn |
| Capital spending | — | — | — | −₹36.0m | — | −₹132.0m | — | −₹9.0m |
| Free cash flow | — | — | — | ₹3.21bn | — | ₹1.03bn | — | ₹1.45bn |
| Total assets | — | ₹23.33bn | — | ₹20.77bn | — | ₹22.33bn | — | ₹20.32bn |
| Cash and short-term investments | ₹6.56bn | ₹6.56bn | ₹6.27bn | ₹6.27bn | ₹6.66bn | ₹6.66bn | — | ₹6.45bn |
| Debt | — | ₹6.34bn | — | ₹5.84bn | — | ₹15.94bn | — | ₹15.08bn |
| Shareholders' equity | ₹919.7m | ₹919.7m | ₹247.1m | ₹247.1m | −₹323.0m | −₹323.0m | — | −₹504.6m |
Financial ratios
Data as of 4 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.2% | 6.8% | 34.3% | 106.8% | 75.3% | 26.6% |
| Net margin | 3.5% | 2.5% | 2.3% | 60.6% | 48.0% | 0.8% |
| Return on equity | 87.4% | -198.9% | -2.9% | -64.6% | -32.1% | -0.4% |
| Return on assets | 3.4% | 2.9% | 0.3% | 10.0% | 8.5% | 0.2% |
| Free cash flow yield | 9.4% | 13.7% | 21.1% | 75.4% | -33.3% | 55.1% |
| Revenue growth | -9.5% | 935.5% | -19.8% | -9.6% | -11.3% | -70.5% |
| Earnings growth | 25.2% | 1055.6% | -97.0% | 14.1% | 5557.5% | -102.3% |
| Current ratio | 0.71x | 0.68x | 0.63x | 0.63x | 0.61x | 0.42x |
| Debt to equity | 6.90x | -49.36x | -8.35x | -5.20x | -3.43x | -1.98x |
| Equity ratio | 3.9% | -1.4% | -9.5% | -15.5% | -26.4% | -58.4% |
| Interest coverage | 1.64x | 2.75x | 1.16x | 3.69x | 2.56x | 1.03x |
| Buybacks as a share of market value | 0.1% | 0.1% | -0.1% | 0.0% | -0.1% | -0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 95.9% | 43.2% | 6.7% |
| Operating income | -32.8% | -1.1% | — |
| Net income | -24.3% | 94.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.6% | 12.5% | 16.8% | 9.3% |
| Net margin | 3.0% | 6.2% | 8.2% | 0.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.4 | 20.0 | 275.8 | 9.6 | 7.7 | 160.9 | -2.6 | -2.4 | -8.6 | 203.8 |
| Price to sales | 0.4 | 0.5 | 6.3 | 5.8 | 3.7 | 1.2 | 0.3 | 1.1 | 1.0 | 2.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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