S 
11.53
+0.70%
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
₹72.2m
FY2017FY2026
Free cash flow
−₹189.6m
FY2017FY2026
Shareholders' equity
₹510.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | ₹194.6m | ₹109.9m | ₹65.1m | ₹174.8m | ₹144.2m | ₹110.1m | ₹99.7m | ₹88.2m | ₹23.5m | ₹47.4m |
| Research and development | ₹2.3m | ₹2.3m | ₹3.1m | ₹2.1m | ₹1.6m | ₹1.2m | ₹1.4m | ₹604,154 | — | ₹497,000 |
| Operating income | ₹138.2m | ₹90.8m | ₹35.4m | ₹152.1m | ₹126.6m | ₹91.5m | ₹66.7m | ₹58.9m | ₹16.6m | ₹29.7m |
| Net income | ₹72.2m | ₹35.3m | −₹41.6m | ₹57.1m | ₹54.4m | ₹36.5m | ₹30.5m | ₹28.2m | ₹11.2m | ₹10.2m |
| Diluted earnings per share | 0.79 | 0.39 | -0.46 | 0.62 | 0.59 | 0.40 | 0.33 | 0.31 | 0.14 | 0.11 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹1.41bn | ₹1.05bn | ₹1.24bn | ₹1.28bn | ₹1.20bn | ₹926.9m | ₹663.6m | ₹611.0m | ₹511.8m | ₹273.5m |
| Cash and short-term investments | ₹12.6m | ₹2.4m | ₹29.9m | ₹49.5m | ₹16.5m | ₹7.7m | ₹15.0m | ₹43.4m | ₹9.7m | ₹39.9m |
| Total liabilities | ₹895.1m | ₹613.8m | ₹838.6m | ₹837.8m | ₹811.8m | ₹594.4m | ₹367.5m | ₹345.4m | ₹393.0m | ₹213.0m |
| Debt | ₹618.5m | ₹419.3m | ₹638.6m | ₹410.3m | ₹415.8m | ₹431.1m | ₹302.1m | ₹240.1m | ₹248.7m | ₹140.0m |
| Shareholders' equity | ₹510.3m | ₹437.3m | ₹402.0m | ₹443.7m | ₹386.9m | ₹332.5m | ₹296.0m | ₹265.6m | ₹118.8m | ₹60.5m |
| Shares outstanding | 91m | 91m | 91m | 91m | 91m | 91m | 92m | 92m | 79m | 91m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹181.9m | ₹241.0m | −₹153.3m | ₹118.8m | ₹50.5m | −₹108.3m | −₹38.3m | −₹103.0m | −₹95.2m | ₹69.3m |
| Capital spending | −₹7.7m | −₹5.7m | −₹36.2m | −₹16.2m | −₹8.8m | −₹7.4m | −₹19.3m | −₹729,514 | −₹293,300 | −₹1.2m |
| Free cash flow | −₹189.6m | ₹235.3m | −₹189.5m | ₹102.6m | ₹41.6m | −₹115.7m | −₹57.5m | −₹103.7m | −₹95.5m | ₹68.1m |
| Dividends paid | — | — | −₹150.4m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | ₹197.9m | ₹46.9m | ₹41.0m | −₹28.7m | ₹146.2m | ₹25.0m | ₹92.4m | ₹26.5m |
| Operating income | ₹181.5m | ₹38.6m | ₹25.8m | −₹37.0m | ₹137.0m | ₹18.2m | ₹85.1m | ₹19.3m |
| Net income | ₹122.7m | ₹21.1m | ₹10.3m | −₹32.0m | ₹72.8m | ₹5.5m | ₹53.7m | ₹3.2m |
| Diluted earnings per share | 1.34 | 0.23 | 0.11 | -0.35 | 0.80 | 0.06 | 0.59 | 0.04 |
| Total assets | — | ₹1.41bn | — | ₹1.23bn | — | ₹1.05bn | — | ₹1.03bn |
| Cash and short-term investments | ₹15.1m | ₹12.6m | ₹4.4m | ₹1.5m | ₹4.9m | ₹2.4m | ₹1.3m | ₹1.3m |
| Debt | — | ₹618.5m | — | ₹465.9m | — | ₹419.3m | — | ₹323.7m |
| Shareholders' equity | ₹510.3m | ₹510.3m | ₹478.1m | ₹478.1m | ₹437.3m | ₹437.3m | ₹378.1m | ₹378.1m |
Financial ratios
Data as of 4 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 7.8% | 4.5% | 2.4% | 6.4% | 6.0% | 6.8% |
| Operating margin | 5.6% | 3.8% | 0.1% | 4.2% | 4.2% | 4.6% |
| Net margin | 2.9% | 1.4% | -1.5% | 2.1% | 2.3% | 2.3% |
| Return on equity | 14.2% | 8.1% | -10.3% | 12.9% | 14.0% | 11.0% |
| Return on assets | 5.1% | 3.4% | -3.4% | 4.5% | 4.5% | 3.9% |
| Free cash flow yield | -17.1% | 24.2% | -11.5% | 13.3% | 5.8% | -9.9% |
| Revenue growth | 0.9% | -8.6% | -1.2% | 13.2% | 49.2% | 38.2% |
| Earnings growth | 104.7% | -184.8% | -172.9% | 5.0% | 48.9% | 19.8% |
| Current ratio | 1.49x | 1.56x | 1.35x | 1.49x | 1.50x | 1.63x |
| Debt to equity | 1.21x | 0.96x | 1.59x | 0.92x | 1.07x | 1.13x |
| Equity ratio | 36.3% | 41.6% | 32.4% | 34.6% | 32.3% | 35.9% |
| Interest coverage | 3.01x | 2.19x | 0.05x | 3.11x | 3.88x | 3.06x |
| R&D as a share of sales | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.0% | -0.5% | 0.5% | 0.0% | -0.1% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.0% | 9.0% | 20.4% |
| Operating income | -3.1% | 8.6% | 17.5% |
| Net income | 8.2% | 14.6% | 36.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.2% | 5.3% | 5.6% | 6.2% |
| Operating margin | 4.6% | 4.0% | 4.4% | 4.7% |
| Net margin | 2.2% | 1.2% | 1.5% | 1.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.9 | 44.3 | -42.4 | 75.8 | 66.8 | 17.5 | 20.7 | 15.4 | 32.5 |
| Price to sales | 0.4 | 0.6 | 0.7 | 1.6 | 1.5 | 0.4 | 0.5 | 0.3 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 6-for-5 split · 2 Feb 2024
- 5-for-1 split · 18 Aug 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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