M
39.86
+4.67%
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
−₹126.3m
FY2017FY2026
Free cash flow
₹6.6m
FY2017FY2026
Shareholders' equity
₹2.16bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | — | — | — | ₹6.2m | ₹1.6m | ₹4.0m | ₹6.2m | ₹7.5m | ₹7.9m |
| Operating income | ₹215.7m | ₹165.8m | ₹124.0m | ₹9.4m | ₹38.2m | −₹84.7m | −₹236.9m | −₹271.3m | −₹87.6m | ₹263.0m |
| Net income | −₹126.3m | ₹96.9m | ₹618.4m | ₹2.4m | ₹29.6m | −₹54.2m | −₹240.5m | −₹278.5m | −₹1.91bn | ₹24.0m |
| Diluted earnings per share | -0.52 | 0.41 | 2.57 | 0.01 | 0.13 | -0.99 | -4.37 | -4.86 | -32.43 | 0.41 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹3.54bn | ₹3.14bn | ₹1.41bn | ₹874.0m | ₹750.8m | ₹649.5m | ₹1.61bn | ₹1.78bn | ₹2.00bn | ₹5.12bn |
| Cash and short-term investments | ₹109.5m | ₹142.4m | ₹8.9m | ₹8.0m | ₹1.4m | ₹1.0m | ₹526,196 | ₹595,863 | ₹615,438 | ₹15.8m |
| Total liabilities | ₹1.37bn | ₹914.0m | ₹188.0m | ₹233.8m | ₹113.0m | ₹599.5m | ₹2.88bn | ₹2.83bn | ₹2.78bn | ₹1.90bn |
| Debt | ₹441.9m | ₹435.7m | ₹116.5m | ₹161.6m | ₹78.8m | ₹328.5m | ₹1.16bn | ₹1.17bn | ₹1.17bn | ₹1.01bn |
| Shareholders' equity | ₹2.16bn | ₹2.23bn | ₹1.22bn | ₹601.2m | ₹627.7m | ₹50.1m | −₹1.28bn | −₹1.04bn | −₹773.5m | ₹3.22bn |
| Shares outstanding | 241m | 235m | 241m | 221m | 221m | 55m | 55m | 57m | 59m | 58m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹32.7m | −₹486.7m | −₹97.4m | −₹47.6m | −₹575.8m | −₹1.46bn | ₹6.6m | ₹4.2m | ₹329.0m | −₹182.8m |
| Capital spending | −₹26.1m | −₹243.5m | −₹97.4m | −₹39.5m | −₹82.8m | −₹1.73bn | −₹33,357 | −₹33,357 | −₹49.9m | −₹19.4m |
| Free cash flow | ₹6.6m | −₹730.2m | −₹194.8m | −₹87.1m | −₹658.6m | −₹3.19bn | ₹6.6m | ₹4.1m | ₹279.1m | −₹202.2m |
| Dividends paid | — | — | — | — | — | — | — | −₹733,095 | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | ₹33.1m | ₹124.4m | ₹30.3m | ₹29.0m | ₹32.0m | ₹79.3m | ₹30.5m | ₹32.5m |
| Net income | ₹21.3m | −₹183.5m | ₹18.8m | ₹21.7m | ₹16.7m | ₹35.7m | ₹21.7m | ₹21.3m |
| Diluted earnings per share | 0.09 | -0.76 | 0.08 | 0.09 | 0.07 | 0.15 | 0.09 | 0.09 |
| Cash from operations | — | — | — | ₹3.0m | — | — | — | — |
| Capital spending | — | — | — | −₹8.0m | — | — | — | — |
| Free cash flow | — | — | — | −₹5.0m | — | — | — | — |
| Total assets | — | ₹3.54bn | — | ₹3.50bn | — | ₹3.14bn | — | ₹2.84bn |
| Cash and short-term investments | ₹109.5m | ₹109.5m | ₹92.5m | ₹92.5m | — | ₹142.4m | ₹103.7m | ₹106.6m |
| Debt | — | ₹441.9m | — | ₹346.9m | — | ₹435.7m | — | ₹425.3m |
| Shareholders' equity | ₹2.17bn | ₹2.16bn | ₹2.28bn | ₹2.28bn | — | ₹2.23bn | ₹2.16bn | ₹2.16bn |
Financial ratios
Data as of 5 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 11.3% | 17.5% | 22.7% | 15.9% | 8.5% | -776.9% | — | — | — | — |
| Net margin | -6.6% | 10.2% | 113.3% | 4.1% | 6.6% | -497.1% | — | — | — | — |
| Return on equity | -5.8% | 4.4% | 50.7% | 0.4% | 4.7% | -108.2% | — | — | — | — |
| Return on assets | -3.6% | 3.1% | 43.9% | 0.3% | 3.9% | -8.3% | — | — | — | — |
| Free cash flow yield | 0.7% | -2.9% | 0.0% | -0.1% | -6.3% | 13.5% | — | — | — | — |
| Revenue growth | 101.1% | 73.6% | 826.2% | -86.9% | 4024.7% | 32.9% | — | — | — | — |
| Earnings growth | -230.3% | -84.3% | 25285.4% | -91.8% | -154.7% | -77.5% | — | — | — | — |
| Current ratio | 1.91x | 2.22x | 3.32x | 1.88x | 2.60x | 0.31x | — | — | — | — |
| Debt to equity | 0.20x | 0.20x | 0.10x | 0.21x | 0.13x | 6.56x | — | — | — | — |
| Equity ratio | 61.1% | 70.9% | 86.6% | 82.0% | 83.6% | 7.7% | — | — | — | — |
| Interest coverage | 3.57x | 3.60x | 7.50x | 1.86x | 2.21x | -94.91x | — | — | — | — |
| R&D as a share of sales | — | — | — | — | 1.4% | 14.4% | 48.5% | 12.8% | 0.5% | 0.3% |
| Buybacks as a share of market value | -2.7% | 2.5% | -8.7% | 0.0% | -303.2% | 0.3% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 218.6% | 180.9% | -1.3% |
| Operating income | 184.6% | — | — |
| Net income | — | 18.5% | -19.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 13.4% | 14.9% | 12.0% | -14.3% |
| Net margin | -1.0% | 17.1% | 14.5% | -29.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -75.6 | 106.3 | 32.9 | — | 102.0 | -23.0 | -1.0 | -0.4 | -0.2 | 90.2 |
| Price to sales | 5.0 | 10.9 | 37.3 | 127.0 | 6.7 | 114.4 | 28.2 | 2.4 | 0.2 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Dec 2009.
| FY2010 | FY2009 | |
|---|---|---|
| Paid in the year | 1.60 | 1.60 |
- 100-to-25 reverse split · 24 Jun 2021
- 5-for-1 split · 27 Jun 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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