M 
27.81
+1.64%
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
₹14.49bn
FY2019FY2026
Net income
₹520.6m
FY2019FY2026
Free cash flow
−₹2.97bn
FY2019FY2026
Shareholders' equity
₹4.99bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹14.49bn | ₹10.06bn | ₹13.80bn | ₹11.56bn | ₹7.66bn | ₹5.91bn | ₹5.32bn | ₹3.96bn |
| Research and development | — | ₹2.7m | ₹2.6m | ₹2.1m | — | — | — | — |
| Operating income | ₹979.9m | ₹937.9m | ₹942.2m | ₹753.0m | ₹442.9m | ₹85.5m | ₹25.6m | ₹82.0m |
| Net income | ₹520.6m | ₹464.6m | ₹700.5m | ₹440.8m | ₹242.1m | ₹89.8m | ₹131.8m | ₹142.9m |
| Diluted earnings per share | 1.74 | 1.55 | 2.35 | 1.97 | 1.10 | 0.41 | 0.44 | 0.48 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ₹16.21bn | ₹10.76bn | ₹9.41bn | ₹5.75bn | ₹3.92bn | ₹3.55bn | ₹2.93bn | ₹2.01bn |
| Cash and short-term investments | ₹604.3m | ₹30.8m | ₹944.4m | ₹265.5m | ₹180.4m | ₹41.9m | ₹16.5m | ₹9.1m |
| Total liabilities | ₹10.92bn | ₹6.20bn | ₹5.32bn | ₹4.33bn | ₹2.97bn | ₹2.85bn | ₹2.35bn | ₹1.57bn |
| Debt | ₹7.79bn | ₹4.53bn | ₹3.65bn | ₹2.76bn | ₹1.75bn | ₹1.59bn | ₹1.42bn | ₹828.7m |
| Shareholders' equity | ₹4.99bn | ₹4.41bn | ₹3.96bn | ₹1.34bn | ₹898.2m | ₹665.2m | ₹565.5m | ₹439.9m |
| Shares outstanding | 300m | 300m | 298m | 223m | 220m | 220m | 300m | 300m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹1.59bn | −₹1.12bn | −₹1.50bn | −₹563.3m | ₹48.1m | ₹59.5m | −₹297.9m | −₹237.4m |
| Capital spending | −₹1.38bn | −₹241.1m | −₹176.2m | −₹82.2m | −₹65.1m | −₹106.8m | −₹363.9m | −₹190.5m |
| Free cash flow | −₹2.97bn | −₹1.36bn | −₹1.68bn | −₹645.4m | −₹17.0m | −₹47.3m | −₹661.8m | −₹427.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.91bn | ₹3.81bn | ₹6.53bn | ₹2.45bn | ₹1.65bn | ₹3.82bn | ₹3.03bn | ₹1.49bn |
| Operating income | ₹930.6m | ₹287.3m | ₹414.1m | ₹165.5m | ₹112.9m | ₹610.9m | ₹375.6m | ₹58.1m |
| Net income | ₹188.9m | ₹206.2m | ₹237.5m | ₹58.8m | ₹15.2m | ₹135.8m | ₹262.6m | ₹20.8m |
| Diluted earnings per share | 0.63 | 0.69 | 0.79 | 0.20 | 0.05 | 0.45 | 0.88 | 0.07 |
| Total assets | — | ₹16.21bn | — | ₹12.39bn | — | ₹10.76bn | — | ₹9.04bn |
| Cash and short-term investments | ₹604.3m | ₹604.3m | ₹529.8m | ₹529.8m | ₹30.8m | ₹422.9m | ₹432.1m | ₹539.9m |
| Debt | — | ₹7.70bn | — | ₹6.04bn | — | ₹4.52bn | — | ₹4.26bn |
| Shareholders' equity | ₹5.29bn | ₹4.99bn | ₹4.62bn | ₹4.44bn | ₹4.57bn | ₹4.41bn | ₹4.14bn | ₹3.99bn |
Financial ratios
Data as of 12 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 8.9% | 8.1% | 7.9% | 7.3% | 6.1% | 4.0% |
| Net margin | 3.6% | 4.6% | 5.1% | 3.8% | 3.2% | 1.5% |
| Return on equity | 10.4% | 10.5% | 17.7% | 33.0% | 27.0% | 13.5% |
| Return on assets | 3.2% | 4.3% | 7.4% | 7.7% | 6.2% | 2.5% |
| Free cash flow yield | -2.6% | -11.1% | -16.9% | -8.2% | 2.0% | 2.9% |
| Revenue growth | 44.0% | -27.1% | 19.3% | 50.9% | 29.7% | 11.0% |
| Earnings growth | 12.1% | -33.7% | 58.9% | 82.1% | 169.7% | -31.9% |
| Current ratio | 1.23x | 1.52x | 1.57x | 1.15x | 1.05x | 0.96x |
| Debt to equity | 1.54x | 1.03x | 0.92x | 1.92x | 1.94x | 2.39x |
| Equity ratio | 30.8% | 40.9% | 42.1% | 23.2% | 22.9% | 18.7% |
| Interest coverage | 2.40x | 2.18x | 4.36x | 5.12x | 4.80x | 2.93x |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.0% | — | — |
| Buybacks as a share of market value | 0.1% | -0.5% | -33.7% | -1.5% | 0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.8% | 19.7% | — |
| Operating income | 9.2% | 62.9% | — |
| Net income | 5.7% | 42.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 7.8% | 7.2% | 6.5% | — |
| Net margin | 4.0% | 4.3% | 3.9% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Price to earnings | 15.0 | 15.5 | 17.6 |
| Price to sales | 0.5 | 0.7 | 0.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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