S 
18.40
+1.15%
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
₹109.14bn
FY2016FY2025
Net income
−₹3.00bn
FY2016FY2025
Free cash flow
₹7.59bn
FY2016FY2025
Shareholders' equity
−₹16.76bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹109.14bn | ₹113.19bn | ₹90.21bn | ₹64.33bn | ₹56.49bn | ₹48.81bn | ₹45.08bn | ₹62.66bn | ₹119.45bn | ₹99.66bn |
| Research and development | — | — | — | — | — | ₹30,000 | — | — | — | — |
| Operating income | ₹3.49bn | ₹3.67bn | ₹4.04bn | ₹2.28bn | ₹3.66bn | ₹3.11bn | −₹692.1m | −₹7.73bn | −₹2.48bn | −₹5.58bn |
| Net income | −₹3.00bn | −₹6.27bn | −₹1.97bn | −₹1.39bn | −₹1.15bn | ₹20.99bn | −₹14.48bn | −₹17.04bn | −₹11.52bn | −₹18.09bn |
| Diluted earnings per share | -1.41 | -2.96 | -0.93 | -0.65 | -0.54 | 9.81 | -7.50 | -8.89 | -5.41 | -8.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹88.38bn | ₹101.71bn | ₹76.04bn | ₹71.03bn | ₹69.07bn | ₹66.75bn | ₹96.29bn | ₹100.02bn | ₹128.24bn | ₹133.29bn |
| Cash and short-term investments | ₹626.8m | ₹378.7m | ₹1.67bn | ₹222.3m | ₹369.1m | ₹705.1m | ₹315.2m | ₹542.2m | ₹582.5m | ₹507.7m |
| Total liabilities | ₹105.13bn | ₹116.09bn | ₹84.85bn | ₹77.11bn | ₹75.69bn | ₹75.57bn | ₹126.36bn | ₹136.73bn | ₹161.67bn | ₹157.83bn |
| Debt | ₹56.82bn | ₹55.96bn | ₹53.88bn | ₹50.79bn | ₹43.49bn | ₹22.81bn | ₹25.24bn | ₹31.30bn | ₹60.12bn | ₹52.44bn |
| Shareholders' equity | −₹16.76bn | −₹14.38bn | −₹8.81bn | −₹6.08bn | −₹6.63bn | −₹8.83bn | −₹30.08bn | −₹36.71bn | −₹33.43bn | −₹24.53bn |
| Shares outstanding | 2,128m | 2,121m | 2,128m | 2,128m | 2,140m | 2,139m | 1,931m | 1,917m | 2,128m | 2,128m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹9.50bn | ₹9.39bn | ₹9.26bn | −₹1.35bn | −₹15.64bn | ₹5.61bn | ₹2.55bn | −₹217.2m | ₹11.18bn | ₹4.88bn |
| Capital spending | −₹1.91bn | −₹1.75bn | −₹4.00bn | −₹2.77bn | −₹1.06bn | −₹2.03bn | −₹2.23bn | −₹4.64bn | −₹6.16bn | −₹2.67bn |
| Free cash flow | ₹7.59bn | ₹7.63bn | ₹5.26bn | −₹4.12bn | −₹16.70bn | ₹3.58bn | ₹321.0m | −₹4.86bn | ₹5.01bn | ₹2.21bn |
| Dividends paid | — | — | — | — | — | — | — | — | −₹1.8m | −₹920,000 |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹21.22bn | ₹24.23bn | ₹20.10bn | ₹26.91bn | ₹26.03bn | ₹25.66bn | ₹30.34bn | ₹34.66bn |
| Operating income | ₹488.0m | −₹1.74bn | −₹1.49bn | ₹2.09bn | −₹295.0m | ₹1.66bn | −₹42.0m | ₹2.93bn |
| Net income | −₹383.0m | −₹3.69bn | −₹2.63bn | ₹916.5m | −₹2.04bn | −₹223.0m | −₹1.66bn | −₹1.12bn |
| Diluted earnings per share | -0.18 | -1.73 | -1.24 | 0.43 | -0.96 | -0.11 | -0.78 | -0.53 |
| Cash from operations | — | ₹1.76bn | — | ₹9.50bn | — | ₹7.36bn | — | ₹9.38bn |
| Capital spending | — | −₹948.0m | — | −₹1.91bn | — | −₹1.11bn | — | −₹1.75bn |
| Free cash flow | — | ₹809.0m | — | ₹7.59bn | — | ₹6.25bn | — | ₹7.63bn |
| Total assets | — | ₹67.01bn | — | ₹88.38bn | — | ₹75.33bn | — | ₹101.71bn |
| Cash and short-term investments | — | ₹1.56bn | — | ₹1.17bn | — | ₹1.26bn | — | ₹751.1m |
| Debt | — | ₹32.36bn | — | ₹31.50bn | — | ₹31.84bn | — | ₹32.56bn |
| Shareholders' equity | — | −₹23.20bn | — | −₹16.76bn | — | −₹15.83bn | — | −₹14.38bn |
Financial ratios
Data as of 17 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -1.5% | 0.5% | 4.2% | 17.8% | 3.5% | 6.5% | — | — | — | — | — | — |
| Net margin | -8.6% | -2.8% | -5.6% | -2.2% | -2.2% | -2.1% | — | — | — | — | — | — |
| Return on equity | 29.6% | 17.9% | 43.6% | 22.3% | 22.8% | 17.3% | — | — | — | — | — | — |
| Return on assets | -10.7% | -3.4% | -6.2% | -2.6% | -1.9% | -1.7% | — | — | — | — | — | — |
| Free cash flow yield | -12.3% | 23.6% | 22.6% | 27.4% | 2.9% | -30.0% | — | — | — | — | — | — |
| Revenue growth | -13.4% | -6.3% | 25.3% | 41.5% | 14.7% | 17.2% | — | — | — | — | — | — |
| Earnings growth | 164.2% | -52.2% | 218.8% | 42.0% | 20.7% | -105.3% | — | — | — | — | — | — |
| Current ratio | 0.48x | 0.59x | 0.68x | 0.59x | 0.58x | 0.61x | — | — | — | — | — | — |
| Debt to equity | -2.67x | -3.50x | -4.02x | -6.30x | -8.58x | -6.69x | — | — | — | — | — | — |
| Equity ratio | -36.1% | -19.0% | -14.1% | -11.6% | -8.6% | -9.6% | — | — | — | — | — | — |
| Interest coverage | -0.18x | 0.06x | 0.52x | 2.72x | 0.57x | 0.93x | — | — | — | — | — | — |
| 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 | -0.0% | -0.3% | 0.4% | -0.0% | 0.5% | -0.0% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.3% | 17.5% | 0.7% |
| Operating income | 15.2% | 2.3% | — |
| Net income | 29.3% | — | -16.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.2% | 3.6% | 4.2% | -0.1% |
| Net margin | -4.2% | -3.3% | 1.5% | -7.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -18.6 | -13.3 | -51.0 | -89.7 | -55.9 | 1.2 | -1.1 | -1.2 | -3.0 | -1.6 |
| Price to sales | 0.5 | 0.7 | 1.1 | 1.9 | 1.1 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Aug 2013.
| FY2014 | FY2012 | FY2010 | FY2009 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 1.00 | 1.00 | 0.35 | 0.10 | 0.10 |
- 2-for-1 split · 15 Mar 2010
- 10-for-1 split · 10 Apr 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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