P 
72.64
+2.64%
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
₹3.56bn
FY2017FY2026
Net income
₹181.5m
FY2017FY2026
Free cash flow
−₹2.89bn
FY2017FY2026
Shareholders' equity
₹4.63bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.56bn | ₹4.06bn | ₹4.05bn | ₹4.08bn | ₹2.91bn | ₹1.84bn | ₹2.52bn | ₹2.50bn | ₹2.01bn | ₹1.74bn |
| Research and development | ₹4.1m | ₹7.0m | ₹5.2m | ₹4.4m | ₹8.5m | ₹1.4m | ₹2.3m | ₹4.0m | ₹375,000 | ₹4.5m |
| Operating income | ₹256.2m | ₹584.6m | ₹716.1m | ₹697.3m | ₹591.6m | ₹328.9m | ₹538.7m | ₹398.4m | ₹327.9m | ₹96.1m |
| Net income | ₹181.5m | ₹375.2m | ₹434.0m | ₹460.4m | ₹357.1m | ₹167.2m | ₹276.2m | ₹207.1m | ₹124.8m | ₹77.9m |
| Diluted earnings per share | 3.97 | 6.89 | 9.76 | 11.80 | 9.35 | 4.74 | 7.82 | 5.89 | 3.55 | 2.29 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹11.17bn | ₹7.38bn | ₹5.07bn | ₹3.73bn | ₹3.24bn | ₹2.62bn | ₹2.58bn | ₹2.71bn | ₹2.68bn | ₹2.11bn |
| Cash and short-term investments | ₹221.0m | ₹767.2m | ₹563.5m | ₹21.0m | ₹49.7m | ₹2.0m | ₹4.4m | ₹2.0m | ₹2.0m | ₹65.1m |
| Total liabilities | ₹6.53bn | ₹2.86bn | ₹2.55bn | ₹1.67bn | ₹1.59bn | ₹1.32bn | ₹1.41bn | ₹1.77bn | ₹1.95bn | ₹1.53bn |
| Debt | ₹4.58bn | ₹2.06bn | ₹1.84bn | ₹1.04bn | ₹1.04bn | ₹939.4m | ₹976.0m | ₹1.19bn | ₹1.38bn | ₹1.34bn |
| Shareholders' equity | ₹4.63bn | ₹4.52bn | ₹2.51bn | ₹2.06bn | ₹1.65bn | ₹1.30bn | ₹1.17bn | ₹937.0m | ₹731.2m | ₹572.7m |
| Shares outstanding | 46m | 54m | 44m | 39m | 38m | 35m | 35m | 35m | 35m | 34m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹654.1m | ₹111.6m | ₹469.6m | ₹513.7m | ₹324.4m | ₹274.1m | ₹550.7m | ₹508.0m | ₹482.8m | ₹224.6m |
| Capital spending | −₹3.55bn | −₹1.91bn | −₹595.9m | −₹391.4m | −₹292.6m | −₹136.5m | −₹170.7m | −₹155.6m | −₹461.0m | −₹361.9m |
| Free cash flow | −₹2.89bn | −₹1.80bn | −₹126.4m | ₹122.4m | ₹31.8m | ₹137.6m | ₹380.0m | ₹352.5m | ₹21.8m | −₹137.3m |
| Dividends paid | — | — | −₹94.0m | −₹76.2m | −₹35.2m | −₹35.2m | −₹42.5m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.17bn | ₹1.02bn | ₹965.8m | ₹763.2m | ₹819.7m | ₹921.6m | ₹1.06bn | ₹1.11bn |
| Operating income | ₹110.6m | ₹60.6m | ₹97.8m | −₹24.3m | ₹236.9m | ₹16.4m | ₹110.8m | ₹164.6m |
| Net income | ₹58.9m | ₹38.4m | ₹70.8m | −₹21.1m | −₹15.3m | ₹31.9m | ₹88.9m | ₹168.8m |
| Diluted earnings per share | 1.29 | 0.84 | 1.30 | -0.39 | -0.28 | 0.59 | 2.00 | 3.80 |
| Cash from operations | — | ₹309.0m | — | ₹344.0m | — | — | — | — |
| Capital spending | — | −₹1.81bn | — | −₹1.74bn | — | — | — | — |
| Free cash flow | — | −₹1.50bn | — | −₹1.39bn | — | — | — | — |
| Total assets | — | ₹11.52bn | — | ₹8.27bn | — | ₹7.38bn | — | ₹5.48bn |
| Cash and short-term investments | ₹221.0m | ₹220.3m | ₹252.2m | ₹252.2m | — | ₹767.2m | ₹491.1m | ₹507.1m |
| Debt | — | ₹4.59bn | — | ₹2.98bn | — | ₹2.05bn | — | ₹1.62bn |
| Shareholders' equity | ₹4.63bn | ₹5.06bn | ₹4.50bn | ₹4.50bn | — | ₹4.52bn | ₹3.07bn | ₹3.07bn |
Financial ratios
Data as of 19 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 7.2% | 14.4% | 18.6% | 18.6% | 20.3% | 17.9% |
| Net margin | 5.1% | 9.2% | 10.7% | 11.3% | 12.3% | 9.1% |
| Return on equity | 3.9% | 8.3% | 17.3% | 22.4% | 21.6% | 12.9% |
| Return on assets | 1.6% | 5.1% | 8.6% | 12.3% | 11.0% | 6.4% |
| Free cash flow yield | 122.7% | 49.5% | 32.0% | 30.9% | 21.5% | 15.5% |
| Revenue growth | -12.4% | 0.3% | -0.9% | 40.3% | 58.5% | -27.2% |
| Earnings growth | -51.6% | -13.6% | -5.7% | 28.9% | 113.6% | -39.5% |
| Current ratio | 1.28x | 1.94x | 2.12x | 1.28x | 1.19x | 1.14x |
| Debt to equity | 0.99x | 0.45x | 0.73x | 0.51x | 0.63x | 0.72x |
| Equity ratio | 41.5% | 61.2% | 49.6% | 55.1% | 50.9% | 49.6% |
| Interest coverage | 2.25x | 5.57x | 8.31x | 7.49x | 6.30x | 3.00x |
| R&D as a share of sales | 0.1% | 0.2% | 0.1% | 0.1% | 0.3% | 0.1% |
| Buybacks as a share of market value | 16.1% | -22.4% | -13.9% | -2.2% | -8.2% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.5% | 14.1% | 7.5% |
| Operating income | -28.4% | -4.9% | 19.4% |
| Net income | -26.7% | 1.7% | 20.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.0% | 14.3% | 15.5% | 14.8% |
| Net margin | 7.3% | 9.2% | 9.6% | 8.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | 18.0 | 15.3 | 31.9 | 18.6 |
| Price to sales | 0.9 | 1.4 | 3.4 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Sept 2022.
| FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 2.00 | 1.00 | 1.00 | 1.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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