P 
2.82
-3.42%
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
₹2.54bn
FY2016FY2025
Net income
−₹3.47bn
FY2016FY2025
Free cash flow
−₹564.6m
FY2016FY2025
Shareholders' equity
−₹20.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.54bn | ₹4.62bn | ₹4.40bn | ₹8.99bn | ₹3.58bn | ₹11.91bn | ₹9.11bn | ₹1.94bn | ₹2.79bn | ₹4.06bn |
| Operating income | ₹984.6m | −₹518.1m | −₹2.76bn | −₹1.10bn | −₹254.9m | ₹290.5m | −₹805.1m | −₹514.8m | ₹448.5m | ₹677.9m |
| Net income | −₹3.47bn | −₹5.94bn | −₹8.01bn | −₹4.92bn | −₹4.27bn | −₹3.47bn | −₹3.63bn | −₹3.17bn | −₹1.45bn | −₹371.6m |
| Diluted earnings per share | -7.98 | -13.41 | -18.41 | -11.31 | -9.68 | -7.98 | -8.34 | -7.30 | -3.32 | -0.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹54.00bn | ₹59.48bn | ₹63.83bn | ₹69.25bn | ₹78.59bn | ₹80.89bn | ₹96.88bn | ₹83.90bn | ₹79.56bn | ₹74.69bn |
| Cash and short-term investments | ₹340.1m | ₹4.63bn | ₹932.1m | ₹810.2m | ₹1.02bn | ₹2.39bn | ₹344.6m | ₹84.4m | ₹140.2m | ₹373.8m |
| Total liabilities | ₹74.41bn | ₹76.44bn | ₹74.86bn | ₹72.28bn | ₹76.78bn | ₹74.82bn | ₹87.45bn | ₹62.25bn | ₹54.74bn | ₹48.38bn |
| Debt | ₹23.29bn | ₹22.50bn | ₹25.91bn | ₹27.42bn | ₹27.29bn | ₹27.88bn | ₹36.14bn | ₹36.93bn | ₹37.45bn | ₹29.13bn |
| Shareholders' equity | −₹20.41bn | −₹16.96bn | −₹11.03bn | −₹3.03bn | ₹1.81bn | ₹6.07bn | ₹9.42bn | ₹21.65bn | ₹24.82bn | ₹26.31bn |
| Shares outstanding | 435m | 443m | 435m | 435m | 441m | 434m | 436m | 434m | 435m | 435m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹379.9m | ₹2.62bn | ₹3.74bn | ₹5.50bn | ₹2.59bn | ₹15.63bn | ₹13.10bn | ₹846.3m | −₹3.32bn | −₹315.6m |
| Capital spending | −₹944.5m | −₹606.3m | −₹496.2m | — | −₹409.9m | −₹870.3m | −₹1.19bn | −₹1.03bn | −₹700.1m | −₹587.4m |
| Free cash flow | −₹564.6m | ₹2.01bn | ₹3.25bn | ₹5.50bn | ₹2.18bn | ₹14.76bn | ₹11.91bn | −₹181.4m | −₹4.02bn | −₹903.0m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹610.4m | ₹539.6m | ₹632.6m | ₹606.2m | ₹582.4m | ₹470.5m | ₹880.2m | ₹870.7m |
| Operating income | −₹273.8m | −₹359.1m | ₹647.5m | ₹251.8m | ₹554.4m | −₹238.3m | −₹5.8m | −₹1.17bn |
| Net income | −₹1.49bn | −₹1.54bn | −₹592.1m | −₹868.6m | −₹314.6m | −₹1.28bn | −₹1.01bn | −₹3.07bn |
| Diluted earnings per share | -3.43 | -3.53 | -1.36 | -2.00 | -0.71 | -2.89 | -2.28 | -7.10 |
| Cash from operations | — | ₹826.0m | — | ₹379.0m | — | ₹242.0m | — | — |
| Capital spending | — | −₹403.0m | — | −₹944.0m | — | −₹399.0m | — | — |
| Free cash flow | — | ₹423.0m | — | −₹565.0m | — | −₹157.0m | — | — |
| Total assets | — | ₹53.77bn | — | ₹54.00bn | — | ₹55.55bn | — | ₹59.48bn |
| Cash and short-term investments | — | ₹1.37bn | — | ₹1.95bn | — | ₹1.30bn | — | ₹5.12bn |
| Debt | — | ₹21.26bn | — | ₹21.16bn | — | ₹17.79bn | — | ₹20.28bn |
| Shareholders' equity | — | −₹22.54bn | — | −₹20.41bn | — | −₹19.24bn | — | −₹16.96bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -5.9% | -24.2% | -33.7% | -11.4% | -10.5% | 6.4% | — |
| Net margin | -136.8% | -128.8% | -182.0% | -54.9% | -119.6% | -29.1% | — |
| Return on equity | 17.0% | 35.0% | 72.7% | 162.5% | -236.4% | -57.1% | — |
| Return on assets | -6.4% | -10.0% | -12.6% | -7.1% | -5.4% | -4.3% | — |
| Free cash flow yield | 113.6% | 271.2% | 363.4% | 447.4% | 253.8% | 1418.1% | — |
| Revenue growth | -44.9% | 4.6% | -50.9% | 151.0% | -69.9% | 30.9% | — |
| Earnings growth | -41.5% | -26.0% | 62.8% | 15.2% | 23.3% | -4.6% | — |
| Current ratio | 0.78x | 0.84x | 0.92x | 0.94x | 1.01x | 1.06x | — |
| Debt to equity | -1.43x | -1.68x | -2.70x | -10.68x | 18.28x | 5.23x | — |
| Equity ratio | -37.8% | -28.5% | -17.3% | -4.4% | 2.3% | 7.5% | — |
| Interest coverage | -0.03x | -0.24x | -0.38x | -0.26x | -0.09x | 0.16x | — |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 1.8% | -1.8% | 0.0% | 1.4% | -1.7% | 0.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -34.4% | -26.6% | -10.4% |
| Operating income | — | 27.6% | -11.1% |
| Net income | -11.0% | 0.0% | 12.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.5% | -16.5% | -9.3% | -0.6% |
| Net margin | -131.5% | -108.7% | -83.5% | -64.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -1.7 | -0.6 | -0.8 | -2.4 | -0.6 | -0.3 | -1.0 | -9.1 | -15.2 |
| Price to sales | 1.7 | 2.2 | 1.1 | 0.5 | 2.9 | 0.2 | 0.1 | 1.6 | 4.7 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Sept 2008.
| FY2009 | FY2008 | |
|---|---|---|
| Paid in the year | 0.015 | 0.013 |
- 2-for-1 split · 18 Oct 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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