M 
44.07
+1.75%
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
₹11.54bn
FY2017FY2026
Net income
−₹1.24bn
FY2017FY2026
Free cash flow
₹243.5m
FY2017FY2026
Shareholders' equity
−₹504.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹11.54bn | ₹11.85bn | ₹11.18bn | ₹13.29bn | ₹13.29bn | ₹14.02bn | ₹11.17bn | ₹16.95bn | ₹20.22bn | ₹17.76bn |
| Research and development | — | ₹15.8m | ₹15.8m | ₹16.5m | ₹17.3m | ₹17.8m | ₹17.2m | ₹19.3m | ₹20.5m | ₹17.7m |
| Operating income | −₹869.7m | −₹429.3m | −₹1.58bn | ₹217.1m | −₹25.3m | ₹672.0m | −₹308.4m | ₹3.98bn | ₹630.5m | ₹86.4m |
| Net income | −₹1.24bn | −₹1.98bn | −₹3.12bn | −₹10.57bn | −₹1.81bn | −₹523.9m | −₹1.48bn | ₹318.5m | ₹2.08bn | ₹585.7m |
| Diluted earnings per share | -11.82 | -18.94 | -29.79 | -101.15 | -17.33 | -5.01 | -14.21 | 3.05 | 24.64 | 5.61 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹23.53bn | ₹35.94bn | ₹35.36bn | ₹37.40bn | ₹47.63bn | ₹49.08bn | ₹49.35bn | ₹45.59bn | ₹38.43bn | ₹34.52bn |
| Cash and short-term investments | ₹606.9m | ₹213.6m | ₹62.8m | ₹354.4m | ₹252.8m | ₹970.9m | ₹516.2m | ₹3.45bn | ₹760.5m | ₹466.8m |
| Total liabilities | ₹24.04bn | ₹35.38bn | ₹32.86bn | ₹31.70bn | ₹31.14bn | ₹30.85bn | ₹30.81bn | ₹25.45bn | ₹16.52bn | ₹14.71bn |
| Debt | ₹14.95bn | ₹19.02bn | ₹18.92bn | ₹19.61bn | ₹20.89bn | ₹22.61bn | ₹23.56bn | ₹18.12bn | ₹10.91bn | ₹9.36bn |
| Shareholders' equity | −₹504.9m | ₹566.4m | ₹2.50bn | ₹5.69bn | ₹16.49bn | ₹18.23bn | ₹18.54bn | ₹20.14bn | ₹21.67bn | ₹19.59bn |
| Shares outstanding | 104m | 104m | 105m | 104m | 104m | 105m | 104m | 104m | 84m | 104m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹395.1m | ₹724.1m | ₹342.9m | ₹2.05bn | ₹1.05bn | ₹1.78bn | ₹840.8m | ₹2.80bn | ₹1.96bn | ₹1.37bn |
| Capital spending | −₹151.6m | −₹241.3m | −₹185.9m | −₹546.5m | −₹591.6m | −₹303.1m | −₹386.9m | −₹605.3m | −₹1.02bn | −₹1.32bn |
| Free cash flow | ₹243.5m | ₹482.8m | ₹157.0m | ₹1.50bn | ₹458.0m | ₹1.48bn | ₹453.9m | ₹2.20bn | ₹943.3m | ₹51.2m |
| Dividends paid | — | — | — | — | −₹8.5m | −₹8.3m | −₹705.7m | −₹48.6m | −₹20.6m | −₹286.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.61bn | ₹1.30bn | ₹4.45bn | ₹3.63bn | ₹2.16bn | ₹1.65bn | ₹3.71bn | ₹4.53bn |
| Operating income | ₹134.1m | −₹1.55bn | −₹73.3m | ₹834.2m | −₹77.6m | −₹1.40bn | −₹415.9m | ₹1.91bn |
| Net income | −₹133.8m | −₹726.7m | −₹364.1m | ₹290.6m | −₹434.8m | −₹1.74bn | −₹873.3m | ₹845.4m |
| Diluted earnings per share | -1.28 | -6.96 | -3.49 | 2.78 | -4.16 | -16.70 | -8.35 | 8.08 |
| Cash from operations | — | — | — | ₹263.0m | — | ₹724.0m | — | ₹207.0m |
| Capital spending | — | — | — | −₹78.0m | — | −₹241.0m | — | −₹110.0m |
| Free cash flow | — | — | — | ₹185.0m | — | ₹483.0m | — | ₹97.0m |
| Total assets | — | ₹23.53bn | — | ₹37.56bn | — | ₹35.94bn | — | ₹37.79bn |
| Cash and short-term investments | ₹606.9m | ₹606.9m | ₹222.8m | ₹355.5m | ₹88.4m | ₹213.6m | ₹146.3m | ₹273.2m |
| Debt | — | ₹14.95bn | — | ₹19.11bn | — | ₹19.02bn | — | ₹18.84bn |
| Shareholders' equity | −₹504.9m | −₹504.9m | ₹634.7m | ₹634.7m | ₹566.4m | ₹566.4m | ₹3.32bn | ₹3.32bn |
Financial ratios
Data as of 21 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -19.6% | -1.6% | -14.2% | -67.2% | 0.2% | 8.9% | — |
| Net margin | -10.7% | -16.7% | -27.9% | -79.5% | -13.6% | -3.7% | — |
| Return on equity | 244.6% | -349.3% | -124.6% | -185.6% | -11.0% | -2.9% | — |
| Return on assets | -5.2% | -5.5% | -8.8% | -28.3% | -3.8% | -1.1% | — |
| Free cash flow yield | 7.6% | 14.0% | 6.6% | 39.6% | 20.3% | 34.5% | — |
| Revenue growth | -2.6% | 6.1% | -15.9% | -0.0% | -5.2% | 25.5% | — |
| Earnings growth | -37.6% | -36.5% | -70.5% | 484.0% | 245.3% | -64.6% | — |
| Current ratio | 0.23x | 0.08x | 0.07x | 0.11x | 0.14x | 0.16x | — |
| Debt to equity | -29.62x | 33.57x | 7.57x | 3.44x | 1.27x | 1.24x | — |
| Equity ratio | -2.1% | 1.6% | 7.1% | 15.2% | 34.6% | 37.1% | — |
| Interest coverage | -1.54x | -0.08x | -0.78x | -4.48x | 0.02x | 0.61x | — |
| R&D as a share of sales | — | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% |
| Buybacks as a share of market value | 0.0% | 0.1% | -0.1% | -0.0% | 0.1% | -0.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.6% | -3.8% | -5.0% |
| Net income | -51.1% | 18.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.6% | -5.6% | -2.7% | 2.1% |
| Net margin | -13.7% | -35.3% | -25.6% | -10.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.8 | -2.6 | -1.5 | -0.3 | -1.7 | -5.3 | -1.6 | 1.5 | 4.8 | 36.6 |
| Price to sales | 0.4 | 0.4 | 0.4 | 0.2 | 0.2 | 0.2 | 0.2 | 0.0 | 0.5 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Aug 2018.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.25 | 2.00 | 3.00 | 7.00 | 7.00 | 6.00 | 5.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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