401.30
+2.37%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹18.46bn
FY2017FY2026
Net income
₹2.71bn
FY2017FY2026
Free cash flow
−₹3.50bn
FY2017FY2026
Shareholders' equity
₹21.62bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹18.46bn | ₹20.45bn | ₹21.61bn | ₹17.05bn | ₹14.59bn | ₹10.56bn | ₹13.87bn | ₹17.49bn | ₹15.78bn | ₹17.19bn |
| Research and development | — | — | — | ₹1.12bn | ₹62.0m | — | ₹48.5m | ₹1.25bn | ₹1.22bn | ₹1.18bn |
| Operating income | ₹2.46bn | ₹4.05bn | ₹4.70bn | ₹3.00bn | ₹4.04bn | ₹1.47bn | ₹164.9m | ₹3.91bn | ₹3.58bn | ₹2.78bn |
| Net income | ₹2.71bn | ₹1.97bn | ₹3.08bn | ₹11.41bn | ₹236.2m | ₹195.6m | −₹1.98bn | ₹150.4m | ₹285.9m | −₹60.4m |
| Diluted earnings per share | 39.17 | 28.54 | 44.50 | 164.77 | 3.41 | 2.81 | -28.62 | 2.17 | 4.78 | -0.87 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹41.24bn | ₹41.90bn | ₹42.62bn | ₹46.51bn | ₹45.55bn | ₹43.83bn | ₹43.50bn | ₹46.68bn | ₹50.35bn | ₹55.99bn |
| Cash and short-term investments | ₹2.67bn | ₹2.02bn | ₹846.7m | ₹7.98bn | ₹2.73bn | ₹2.04bn | ₹2.51bn | ₹1.93bn | ₹801.0m | ₹1.05bn |
| Total liabilities | ₹19.66bn | ₹21.21bn | ₹23.98bn | ₹31.03bn | ₹41.54bn | ₹40.21bn | ₹40.06bn | ₹41.13bn | ₹45.04bn | ₹51.32bn |
| Debt | ₹5.91bn | ₹5.70bn | ₹8.34bn | ₹16.50bn | ₹21.24bn | ₹23.03bn | ₹24.70bn | ₹27.21bn | ₹29.70bn | ₹30.95bn |
| Shareholders' equity | ₹21.62bn | ₹19.04bn | ₹17.12bn | ₹14.12bn | ₹2.76bn | ₹3.40bn | ₹3.21bn | ₹4.48bn | ₹4.10bn | ₹3.50bn |
| Shares outstanding | 69m | 69m | 69m | 69m | 69m | 70m | 69m | 69m | 60m | 69m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹3.13bn | ₹3.73bn | ₹3.70bn | ₹26.11bn | ₹2.78bn | ₹2.22bn | ₹2.63bn | ₹4.04bn | ₹4.21bn | ₹3.50bn |
| Capital spending | −₹364.0m | −₹1.46bn | −₹1.10bn | −₹1.39bn | −₹974.4m | −₹408.0m | −₹59.3m | −₹137.4m | −₹633.0m | −₹633.0m |
| Free cash flow | −₹3.50bn | ₹2.27bn | ₹2.60bn | ₹24.72bn | ₹1.80bn | ₹1.81bn | ₹2.57bn | ₹3.90bn | ₹3.58bn | ₹2.87bn |
| Dividends paid | — | −₹44.1m | −₹44.1m | −₹44.1m | −₹44.1m | −₹44.1m | −₹44.1m | −₹25.3m | −₹17.9m | −₹17.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5.43bn | ₹5.07bn | ₹4.89bn | ₹4.72bn | ₹3.79bn | ₹4.89bn | ₹4.59bn | ₹5.27bn |
| Operating income | ₹1.20bn | −₹181.4m | ₹611.5m | ₹679.7m | ₹619.2m | ₹435.8m | ₹1.16bn | ₹1.52bn |
| Net income | ₹393.0m | ₹429.5m | ₹785.2m | ₹752.0m | ₹744.0m | −₹46.5m | ₹563.8m | ₹781.9m |
| Diluted earnings per share | 5.68 | 6.21 | 11.35 | 10.87 | 10.75 | -0.67 | 8.15 | 11.30 |
| Cash from operations | — | — | — | ₹1.62bn | — | ₹3.73bn | — | ₹2.81bn |
| Capital spending | — | — | — | −₹476.0m | — | −₹1.46bn | — | −₹779.0m |
| Free cash flow | — | — | — | ₹1.15bn | — | ₹2.27bn | — | ₹2.03bn |
| Total assets | — | ₹41.24bn | — | ₹44.27bn | — | ₹41.90bn | — | ₹44.18bn |
| Cash and short-term investments | ₹2.67bn | ₹2.67bn | ₹3.23bn | ₹3.23bn | ₹1.60bn | ₹2.02bn | ₹1.93bn | ₹2.32bn |
| Debt | — | ₹5.91bn | — | ₹6.13bn | — | ₹5.70bn | — | ₹6.84bn |
| Shareholders' equity | ₹21.58bn | ₹21.62bn | ₹22.19bn | ₹20.55bn | ₹20.69bn | ₹19.04bn | ₹20.14bn | ₹18.54bn |
Financial ratios
Data as of 21 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 13.3% | 19.8% | 21.8% | 17.6% | 27.7% | 13.9% | — | — | — | — |
| Net margin | 14.7% | 9.7% | 14.2% | 66.9% | 1.6% | 1.9% | — | — | — | — |
| Return on equity | 12.5% | 10.4% | 18.0% | 80.8% | 8.6% | 5.8% | — | — | — | — |
| Return on assets | 6.6% | 4.7% | 7.2% | 24.5% | 0.5% | 0.4% | — | — | — | — |
| Free cash flow yield | -12.6% | 23.6% | 21.9% | 125.3% | 17.1% | 11.9% | — | — | — | — |
| Revenue growth | -9.7% | -5.4% | 26.7% | 16.9% | 38.1% | -23.8% | — | — | — | — |
| Earnings growth | 37.2% | -35.8% | -73.0% | 4728.6% | 20.7% | -109.9% | — | — | — | — |
| Current ratio | 1.57x | 1.38x | 1.36x | 0.88x | 0.63x | 0.90x | — | — | — | — |
| Debt to equity | 0.27x | 0.30x | 0.49x | 1.17x | 7.66x | 6.75x | — | — | — | — |
| Equity ratio | 52.4% | 45.4% | 40.2% | 30.3% | 6.1% | 7.8% | — | — | — | — |
| Interest coverage | 3.36x | 3.38x | 2.97x | 0.83x | 1.08x | 0.45x | — | — | — | — |
| R&D as a share of sales | — | — | — | 6.6% | 0.4% | — | 0.3% | 7.1% | 7.7% | 6.8% |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.1% | 0.2% | 0.5% | -0.7% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.7% | 11.8% | -1.0% |
| Operating income | -6.3% | 10.8% | 2.7% |
| Net income | -38.1% | 69.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 16.7% | 18.3% | 19.2% | 17.1% |
| Net margin | 12.0% | 24.7% | 19.1% | 9.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.8 | 19.5 | 14.3 | 4.8 | 83.7 | 69.8 | -1.8 | 15.7 | 32.6 | -256.5 |
| Price to sales | 1.3 | 1.9 | 2.0 | 3.2 | 1.4 | 1.3 | 0.3 | 0.1 | 0.6 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Aug 2011.
| FY2012 | |
|---|---|
| Paid in the year | 4.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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