M 
529.50
+5.38%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹2.97bn
FY2017FY2026
Net income
₹156.9m
FY2017FY2026
Free cash flow
−₹7.42bn
FY2017FY2026
Shareholders' equity
₹24.20bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.97bn | ₹2.50bn | ₹929.4m | ₹1.07bn | ₹734.8m | ₹664.3m | ₹13.48bn | ₹9.11bn | ₹7.09bn | ₹7.14bn |
| Research and development | — | — | ₹1 | ₹0 | ₹0 | ₹1 | ₹0 | ₹0 | ₹0 | ₹0 |
| Operating income | ₹886.7m | ₹1.63bn | −₹68.8m | ₹260.0m | ₹427.0m | −₹121.1m | ₹461.2m | ₹304.8m | ₹228.8m | ₹202.8m |
| Net income | ₹156.9m | ₹408.1m | −₹421.6m | ₹190.1m | ₹50.0m | −₹940.3m | ₹374.3m | −₹308.0m | ₹111.5m | −₹83.1m |
| Diluted earnings per share | 0.96 | 2.52 | -2.22 | 1.29 | 0.34 | -6.36 | 2.55 | -2.10 | 0.76 | -1.10 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹124.37bn | ₹72.46bn | ₹31.01bn | ₹22.27bn | ₹10.25bn | ₹18.95bn | ₹3.12bn | ₹2.72bn | ₹4.78bn | ₹1.36bn |
| Cash and short-term investments | ₹9.95bn | ₹16.65bn | ₹3.50bn | ₹1.47bn | ₹611.3m | ₹893.8m | ₹1.30bn | ₹1.19bn | ₹637.0m | ₹1.25bn |
| Total liabilities | ₹92.76bn | ₹45.85bn | ₹16.51bn | ₹9.73bn | ₹3.82bn | ₹894.0m | ₹1.47bn | ₹1.47bn | ₹726.5m | ₹689.8m |
| Debt | ₹24.12bn | ₹16.56bn | ₹9.62bn | ₹8.62bn | ₹3.15bn | ₹5.43bn | ₹555.5m | ₹408.6m | ₹499.6m | ₹173.4m |
| Shareholders' equity | ₹24.20bn | ₹22.78bn | ₹11.71bn | ₹12.11bn | ₹6.09bn | ₹18.95bn | ₹18.80bn | ₹18.98bn | ₹16.27bn | ₹8.25bn |
| Shares outstanding | 163m | 162m | 190m | 147m | 147m | 148m | 147m | 147m | 146m | 75m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹6.61bn | ₹2.25bn | ₹2.18bn | −₹4.56bn | ₹407.1m | ₹922.2m | ₹1.74bn | −₹1.89bn | −₹4.10bn | ₹319.3m |
| Capital spending | −₹808.8m | −₹6.77bn | −₹3.21bn | −₹5.22bn | −₹1.29bn | −₹1.27bn | −₹1.41bn | −₹931.0m | −₹2.11bn | −₹491.3m |
| Free cash flow | −₹7.42bn | −₹4.52bn | −₹1.02bn | −₹9.79bn | −₹881.1m | −₹346.0m | ₹327.2m | −₹2.82bn | −₹6.21bn | −₹172.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹800.8m | ₹705.9m | ₹714.5m | ₹746.3m | ₹514.7m | ₹773.0m | ₹718.9m | ₹527.7m |
| Operating income | ₹281.2m | ₹100.2m | ₹165.8m | ₹279.0m | ₹55.0m | ₹548.4m | ₹352.6m | ₹906.9m |
| Net income | ₹48.0m | −₹40.8m | −₹11.9m | ₹72.7m | ₹114.5m | ₹173.4m | ₹197.5m | ₹21.5m |
| Diluted earnings per share | 0.29 | -0.25 | -0.07 | 0.45 | 0.71 | 1.07 | 1.04 | 0.11 |
| Cash from operations | — | — | — | −₹3.04bn | — | — | — | ₹1.43bn |
| Capital spending | — | — | — | −₹1.42bn | — | — | — | −₹436.0m |
| Free cash flow | — | — | — | −₹4.46bn | — | — | — | ₹990.0m |
| Total assets | — | ₹124.37bn | — | ₹101.63bn | — | ₹72.46bn | — | ₹63.40bn |
| Cash and short-term investments | ₹10.81bn | ₹9.95bn | ₹14.86bn | ₹14.86bn | ₹16.65bn | ₹16.65bn | ₹17.09bn | ₹17.09bn |
| Debt | — | ₹23.84bn | — | ₹770.4m | — | ₹16.22bn | — | ₹13.19bn |
| Shareholders' equity | ₹31.61bn | ₹24.20bn | ₹30.18bn | ₹23.00bn | ₹26.61bn | ₹22.78bn | ₹25.72bn | ₹22.03bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 40.4% | 34.9% | -7.0% |
| Operating income | 50.5% | — | 7.0% |
| Net income | -6.2% | — | 0.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 46.0% | 36.2% | 33.9% | 9.0% |
| Net margin | 10.3% | 4.5% | -6.3% | -0.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | — | 178.9 | -255.4 | 240.1 |
| Price to sales | 28.8 | 29.3 | 115.9 | 42.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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