M 
38.05
-1.04%
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
₹12.08bn
FY2022FY2026
Net income
₹501.0m
FY2022FY2026
Free cash flow
−₹13.8m
FY2022FY2026
Shareholders' equity
₹3.00bn
FY2022FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹12.08bn | ₹10.60bn | ₹8.18bn | ₹6.44bn | ₹5.23bn |
| Operating income | ₹806.9m | ₹463.5m | ₹312.2m | ₹188.1m | ₹104.0m |
| Net income | ₹501.0m | ₹294.8m | ₹218.3m | ₹172.2m | ₹123.9m |
| Diluted earnings per share | 1.69 | 0.99 | 0.73 | 0.58 | 0.42 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Total assets | ₹9.29bn | ₹6.36bn | ₹4.14bn | ₹2.59bn | ₹1.24bn |
| Cash and short-term investments | ₹113.5m | ₹2.6m | ₹3.5m | ₹50.3m | ₹53.0m |
| Total liabilities | ₹6.23bn | ₹3.74bn | ₹2.28bn | ₹1.19bn | ₹787.1m |
| Debt | ₹2.36bn | ₹1.92bn | ₹1.03bn | ₹847.9m | ₹477.3m |
| Shareholders' equity | ₹3.00bn | ₹2.56bn | ₹1.80bn | ₹1.35bn | ₹454.5m |
| Shares outstanding | 297m | 297m | 297m | 297m | 297m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash from operations | ₹242.5m | −₹867.8m | −₹100.0m | −₹613.1m | ₹15.9m |
| Capital spending | −₹256.3m | −₹43.0m | −₹110.0m | −₹398.0m | −₹501.6m |
| Free cash flow | −₹13.8m | −₹910.8m | −₹210.0m | −₹1.01bn | −₹485.6m |
| Dividends paid | −₹5.9m | −₹26.0m | −₹24.5m | −₹4.8m | −₹49,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.16bn | ₹2.65bn | ₹3.50bn | ₹3.17bn | ₹2.76bn | ₹3.23bn | ₹2.70bn | ₹2.38bn |
| Operating income | ₹259.7m | ₹251.8m | ₹236.7m | ₹182.1m | ₹136.2m | ₹131.8m | ₹129.1m | ₹105.0m |
| Net income | ₹119.1m | ₹153.7m | ₹140.7m | ₹105.4m | ₹101.2m | ₹84.8m | ₹80.6m | ₹69.4m |
| Diluted earnings per share | 0.40 | 0.52 | 0.47 | 0.36 | 0.34 | 0.29 | 0.27 | 0.23 |
| Cash from operations | — | — | — | ₹15.0m | — | −₹687.0m | — | — |
| Capital spending | — | — | — | −₹55.0m | — | −₹18.0m | — | — |
| Free cash flow | — | — | — | −₹40.0m | — | −₹705.0m | — | — |
| Total assets | — | ₹9.29bn | — | ₹7.72bn | — | ₹6.36bn | — | ₹5.33bn |
| Cash and short-term investments | — | ₹113.5m | — | ₹201.0m | — | ₹2.6m | — | ₹158.1m |
| Debt | — | ₹2.34bn | — | ₹2.20bn | — | ₹1.91bn | — | ₹1.52bn |
| Shareholders' equity | — | ₹3.00bn | — | ₹2.77bn | — | ₹2.56bn | — | ₹2.06bn |
Financial ratios
Data as of 9 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Operating margin | 7.3% | 4.9% | 4.2% | 2.9% | 3.9% |
| Net margin | 4.1% | 2.8% | 2.7% | 2.7% | 2.4% |
| Return on equity | 16.7% | 11.5% | 12.1% | 12.7% | 27.3% |
| Return on assets | 5.4% | 4.6% | 5.3% | 6.7% | 10.0% |
| Free cash flow yield | 4.0% | -6.7% | 0.1% | — | — |
| Revenue growth | 14.0% | 29.6% | 26.9% | 23.2% | — |
| Earnings growth | 70.0% | 35.1% | 26.8% | 39.0% | — |
| Current ratio | 1.51x | 1.41x | 1.44x | 1.58x | 0.92x |
| Debt to equity | 0.78x | 0.75x | 0.57x | 0.62x | 1.04x |
| Equity ratio | 32.3% | 40.2% | 43.6% | 52.2% | 36.6% |
| Interest coverage | 2.38x | 2.31x | 2.47x | 5.92x | 10.06x |
| Buybacks as a share of market value | -0.1% | 0.2% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.3% | — | — |
| Operating income | 62.5% | — | — |
| Net income | 42.8% | — | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 23.1 | 27.9 | 23.4 | 20.8 | 25.9 |
| Price to sales | 1.0 | 0.8 | 0.6 | 0.6 | 0.6 |
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 | |
|---|---|---|---|---|
| Paid in the year | 0.02 | 0.10 | 0.10 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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