P 
564.00
+3.27%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹52.88bn
FY2017FY2026
Net income
₹1.97bn
FY2017FY2026
Free cash flow
−₹7.58bn
FY2017FY2026
Shareholders' equity
₹30.49bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹52.88bn | ₹48.70bn | ₹27.46bn | ₹21.60bn | ₹11.12bn | ₹7.03bn | ₹6.39bn | ₹5.08bn | ₹3.99bn | ₹3.66bn |
| Gross profit | ₹5.47bn | ₹9.60bn | ₹5.30bn | ₹3.95bn | ₹2.27bn | ₹1.46bn | ₹1.36bn | ₹1.09bn | ₹903.0m | ₹852.8m |
| Research and development | — | — | — | — | — | ₹1.0m | ₹1.0m | ₹1.0m | ₹1.0m | ₹2.7m |
| Operating income | ₹2.99bn | ₹6.80bn | ₹3.60bn | ₹1.45bn | ₹715.4m | ₹883.6m | ₹236.1m | ₹682.8m | ₹177.9m | ₹522.1m |
| Net income | ₹1.97bn | ₹2.88bn | ₹1.35bn | ₹774.7m | ₹374.2m | ₹116.1m | ₹26.1m | ₹99.4m | ₹74.8m | ₹33.6m |
| Diluted earnings per share | 6.83 | 9.94 | 4.95 | 2.85 | 1.63 | 0.54 | 0.13 | 0.54 | 0.60 | 0.23 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹59.47bn | ₹51.21bn | ₹23.08bn | ₹15.08bn | ₹10.69bn | ₹5.79bn | ₹5.00bn | ₹4.13bn | ₹3.48bn | ₹3.30bn |
| Cash and short-term investments | ₹3.89bn | ₹9.80bn | ₹1.55bn | ₹663.9m | ₹425.1m | ₹174.1m | ₹163.6m | ₹38.3m | ₹15.8m | ₹42.2m |
| Total liabilities | ₹28.98bn | ₹22.93bn | ₹12.70bn | ₹11.12bn | ₹7.56bn | ₹3.87bn | ₹3.24bn | ₹2.44bn | ₹2.17bn | ₹2.07bn |
| Debt | ₹5.97bn | ₹3.84bn | ₹4.35bn | ₹5.77bn | ₹3.99bn | ₹1.88bn | ₹1.90bn | ₹1.30bn | ₹1.29bn | ₹1.12bn |
| Shareholders' equity | ₹30.49bn | ₹28.28bn | ₹10.38bn | ₹3.96bn | ₹3.12bn | ₹1.92bn | ₹1.76bn | ₹1.69bn | ₹1.31bn | ₹1.23bn |
| Shares outstanding | 288m | 290m | 273m | 272m | 229m | 215m | 195m | 185m | 125m | 145m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹272.2m | −₹765.9m | ₹1.88bn | ₹457.4m | −₹794.3m | ₹569.8m | ₹268.7m | ₹190.0m | ₹424.3m | ₹61.1m |
| Capital spending | −₹7.85bn | −₹4.88bn | −₹2.27bn | −₹1.55bn | −₹1.57bn | −₹438.9m | −₹580.2m | −₹361.9m | −₹501.9m | −₹300.4m |
| Free cash flow | −₹7.58bn | −₹5.65bn | −₹383.5m | −₹1.09bn | −₹2.37bn | ₹130.9m | −₹311.5m | −₹171.8m | −₹77.6m | −₹239.4m |
| Dividends paid | −₹71.0m | −₹52.3m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹20.34bn | ₹17.17bn | ₹14.12bn | ₹6.55bn | ₹15.04bn | ₹19.10bn | ₹9.68bn | ₹6.71bn |
| Gross profit | ₹1.79bn | ₹1.61bn | ₹1.56bn | ₹1.42bn | ₹2.65bn | ₹3.65bn | ₹2.08bn | ₹1.48bn |
| Operating income | ₹1.22bn | ₹950.4m | ₹949.0m | ₹84.5m | ₹1.19bn | ₹2.65bn | ₹753.8m | ₹971.6m |
| Net income | ₹762.2m | ₹648.6m | ₹619.6m | ₹27.6m | ₹669.8m | ₹1.45bn | ₹395.4m | ₹193.3m |
| Diluted earnings per share | 2.65 | 2.26 | 2.14 | 0.10 | 2.31 | 5.02 | 1.45 | 0.71 |
| Cash from operations | — | — | — | −₹1.53bn | — | −₹765.0m | — | ₹1.44bn |
| Capital spending | — | — | — | −₹3.41bn | — | −₹4.88bn | — | −₹1.74bn |
| Free cash flow | — | — | — | −₹4.94bn | — | −₹5.65bn | — | −₹305.0m |
| Total assets | — | ₹59.47bn | — | ₹46.65bn | — | ₹51.21bn | — | ₹24.77bn |
| Cash and short-term investments | ₹3.89bn | ₹3.89bn | ₹6.30bn | ₹6.68bn | ₹9.80bn | ₹9.80bn | ₹1.47bn | ₹1.47bn |
| Debt | — | ₹5.23bn | — | ₹5.90bn | — | ₹3.84bn | — | ₹4.56bn |
| Shareholders' equity | ₹30.49bn | ₹30.49bn | ₹29.02bn | ₹29.02bn | ₹28.28bn | ₹28.28bn | ₹11.46bn | ₹11.46bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.8% | 49.7% | 35.1% |
| Operating income | 27.1% | 27.6% | 21.5% |
| Net income | 36.4% | 76.1% | 59.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.8% | 16.1% | 16.6% | 17.3% |
| Operating margin | 9.6% | 9.9% | 9.7% | 9.7% |
| Net margin | 4.8% | 4.6% | 4.4% | 4.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 79.7 | 57.9 | 198.1 | 83.2 | 69.1 | 149.2 | 105.3 | 10.5 | 16.6 | 181.6 |
| Price to sales | 3.0 | 3.4 | 9.7 | 3.0 | 2.3 | 2.5 | 0.4 | 0.2 | 0.3 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 19 Sept 2025.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 0.25 | 0.20 |
- 10-for-1 split · 10 Jul 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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