M
17.67
-2.75%
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.
Net income
₹452.2m
FY2017FY2026
Free cash flow
₹210.7m
FY2017FY2026
Shareholders' equity
₹2.48bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | ₹873.5m | ₹781.8m | ₹723.4m | ₹841.6m | ₹361.2m | ₹428.3m | ₹262.1m | ₹165.2m | ₹3.3m | ₹1.2m |
| Operating income | ₹585.2m | ₹721.4m | ₹660.4m | ₹253.9m | ₹83.0m | ₹68.7m | ₹82.6m | ₹67.7m | −₹4.0m | −₹2.3m |
| Net income | ₹452.2m | ₹231.0m | ₹202.1m | ₹127.0m | ₹43.0m | ₹57.9m | ₹31.4m | ₹22.7m | ₹2.6m | ₹941,000 |
| Diluted earnings per share | 1.37 | 0.70 | 0.61 | 0.44 | 0.15 | 1.15 | 0.98 | 1.42 | 0.01 | 0.00 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹8.05bn | ₹5.56bn | ₹4.20bn | ₹4.39bn | ₹2.71bn | ₹2.21bn | ₹1.29bn | ₹715.8m | ₹93.5m | ₹69.8m |
| Cash and short-term investments | ₹255.3m | ₹146.4m | ₹16.1m | ₹25.9m | ₹18.0m | ₹32.7m | ₹233.7m | ₹56.9m | ₹980,000 | ₹1.1m |
| Total liabilities | ₹5.57bn | ₹3.54bn | ₹2.81bn | ₹3.25bn | ₹1.91bn | ₹1.52bn | ₹680.1m | ₹351.2m | ₹40.0m | ₹69.0m |
| Debt | ₹2.15bn | ₹2.24bn | ₹2.01bn | ₹2.37bn | ₹1.37bn | ₹1.22bn | ₹540.7m | ₹288.8m | ₹25.3m | ₹63.4m |
| Shareholders' equity | ₹2.48bn | ₹2.02bn | ₹1.39bn | ₹1.14bn | ₹796.3m | ₹688.2m | ₹594.8m | ₹343.3m | ₹53.5m | ₹862,000 |
| Shares outstanding | 330m | 330m | 330m | 288m | 282m | 50m | 32m | 16m | 330m | 330m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹230.8m | −₹390.8m | ₹398.6m | −₹672.3m | −₹285.9m | −₹470.1m | −₹279.1m | −₹218.6m | ₹7.0m | −₹30.4m |
| Capital spending | −₹20.1m | −₹87.5m | −₹21.4m | −₹403.3m | −₹403.3m | −₹107.9m | −₹70.6m | −₹223.6m | −₹16.1m | −₹31.6m |
| Free cash flow | ₹210.7m | −₹478.3m | ₹377.2m | −₹1.08bn | −₹689.2m | −₹578.0m | −₹349.7m | −₹442.2m | −₹9.1m | −₹62.1m |
| Dividends paid | −₹3.3m | −₹3.3m | −₹2.9m | −₹8.4m | −₹5.2m | −₹3.0m | −₹589,000 | −₹109,000 | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | ₹275.7m | ₹344.2m | ₹174.4m | ₹173.0m | ₹207.2m | ₹156.3m | ₹173.9m | ₹208.2m |
| Operating income | ₹176.3m | ₹235.6m | ₹177.3m | ₹108.5m | ₹195.8m | ₹71.6m | ₹161.7m | ₹161.9m |
| Net income | ₹84.3m | ₹124.8m | ₹85.1m | ₹178.0m | ₹64.3m | ₹51.9m | ₹63.3m | ₹55.7m |
| Diluted earnings per share | 0.26 | 0.38 | 0.26 | 0.54 | 0.20 | 0.16 | 0.19 | 0.17 |
| Cash from operations | — | — | — | ₹230.0m | — | −₹390.0m | — | −₹381.0m |
| Capital spending | — | — | — | −₹1.0m | — | −₹87.0m | — | −₹1.0m |
| Free cash flow | — | — | — | ₹229.0m | — | −₹477.0m | — | −₹382.0m |
| Total assets | — | ₹8.05bn | — | ₹7.36bn | — | ₹5.56bn | — | ₹5.05bn |
| Cash and short-term investments | ₹255.3m | ₹255.3m | ₹243.7m | ₹243.7m | ₹8.0m | ₹8.0m | ₹148.0m | ₹148.0m |
| Debt | — | ₹2.15bn | — | ₹2.34bn | — | ₹2.24bn | — | ₹2.09bn |
| Shareholders' equity | ₹2.48bn | ₹2.48bn | ₹2.26bn | ₹2.26bn | ₹2.02bn | ₹2.02bn | ₹1.91bn | ₹1.91bn |
Financial ratios
Data as of 20 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 2.6% | 3.4% | 3.9% | 5.9% | 2.8% | 4.5% |
| Operating margin | 2.5% | 1.8% | 2.6% | 1.8% | 1.3% | 1.4% |
| Net margin | 1.3% | 1.0% | 1.1% | 0.9% | 0.3% | 0.6% |
| Return on equity | 18.2% | 11.5% | 14.6% | 11.1% | 5.4% | 8.4% |
| Return on assets | 5.6% | 4.2% | 4.8% | 2.9% | 1.6% | 2.6% |
| Free cash flow yield | 4.5% | -5.4% | 7.5% | -5.5% | 2.4% | -42.4% |
| Revenue growth | 48.3% | 24.1% | 29.0% | 11.7% | 33.2% | 64.5% |
| Earnings growth | 95.8% | 14.3% | 59.2% | 195.1% | -25.7% | 84.6% |
| Current ratio | 1.37x | 1.46x | 1.46x | 1.18x | 1.37x | 1.27x |
| Debt to equity | 0.87x | 1.11x | 1.45x | 1.92x | 1.52x | 1.76x |
| Equity ratio | 30.8% | 36.3% | 33.1% | 26.1% | 29.4% | 31.1% |
| Interest coverage | 2.77x | 1.41x | 1.99x | 1.73x | 1.45x | 1.79x |
| Buybacks as a share of market value | 0.0% | 0.0% | -14.3% | -2.3% | -461.6% | -56.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 33.4% | 28.7% | 135.0% |
| Operating income | 32.1% | 53.5% | 103.5% |
| Net income | 52.7% | 50.8% | 126.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.9% | 3.6% | 3.6% | 3.7% |
| Operating margin | 2.3% | 2.5% | 2.1% | 2.1% |
| Net margin | 1.2% | 1.1% | 1.0% | 1.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.1 | 20.2 | 23.3 | 18.6 | 101.5 | 10.5 | 4.7 | 2.4 |
| Price to sales | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.1 | 0.0 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 18 Jul 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.01 | 0.099 | 0.066 |
- 2-for-1 split · 4 Mar 2025
- 5-for-1 split · 18 Aug 2022
- 3-for-2 split · 31 Aug 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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