1,240.60
-1.26%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹38.63bn
FY2017FY2026
Net income
₹1.07bn
FY2017FY2026
Free cash flow
−₹270.3m
FY2017FY2026
Shareholders' equity
₹7.51bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹38.63bn | ₹34.06bn | ₹34.63bn | ₹23.54bn | ₹17.42bn | ₹12.59bn | ₹12.67bn | ₹15.42bn | ₹13.98bn | ₹11.84bn |
| Research and development | — | ₹303.6m | ₹150.5m | ₹78.8m | ₹98.4m | ₹79.7m | ₹96.8m | ₹69.9m | ₹80.6m | ₹77.2m |
| Operating income | ₹1.93bn | ₹1.50bn | ₹874.7m | ₹893.8m | −₹114.1m | −₹418.1m | −₹199.7m | ₹583.6m | ₹673.4m | ₹24.3m |
| Net income | ₹1.07bn | ₹376.5m | ₹30.2m | ₹300.2m | ₹106.6m | −₹611.4m | −₹455.2m | ₹24.2m | ₹242.2m | ₹43.2m |
| Diluted earnings per share | 38.89 | 13.62 | 1.92 | 18.46 | 6.56 | -39.72 | -36.28 | 2.02 | 20.82 | 3.61 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹25.21bn | ₹22.69bn | ₹13.69bn | ₹13.49bn | ₹12.30bn | ₹10.32bn | ₹9.22bn | ₹9.37bn | ₹9.02bn | ₹7.86bn |
| Cash and short-term investments | ₹507.8m | ₹432.7m | ₹383.9m | ₹284.8m | ₹128.5m | ₹124.7m | ₹234.3m | ₹221.4m | ₹68.8m | ₹95.2m |
| Total liabilities | ₹17.70bn | ₹15.98bn | ₹11.13bn | ₹11.07bn | ₹10.02bn | ₹8.50bn | ₹7.38bn | ₹7.07bn | ₹6.72bn | ₹6.23bn |
| Debt | ₹7.52bn | ₹8.13bn | ₹7.28bn | ₹6.68bn | ₹5.85bn | ₹4.70bn | ₹4.75bn | ₹4.18bn | ₹3.59bn | ₹3.64bn |
| Shareholders' equity | ₹7.51bn | ₹6.71bn | ₹2.56bn | ₹2.42bn | ₹2.28bn | ₹1.82bn | ₹1.84bn | ₹2.30bn | ₹2.30bn | ₹1.63bn |
| Shares outstanding | 28m | 28m | 16m | 16m | 16m | 15m | 13m | 12m | 12m | 12m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹1.64bn | ₹2.48bn | ₹1.91bn | ₹876.4m | −₹56.5m | ₹459.1m | ₹691.6m | ₹446.7m | ₹651.9m | ₹875.8m |
| Capital spending | −₹1.91bn | −₹1.85bn | −₹1.37bn | −₹1.08bn | −₹1.00bn | −₹805.9m | −₹1.04bn | −₹613.3m | −₹788.7m | −₹779.6m |
| Free cash flow | −₹270.3m | ₹637.0m | ₹539.0m | −₹206.8m | −₹1.06bn | −₹346.8m | −₹353.1m | −₹166.6m | −₹136.8m | ₹96.2m |
| Dividends paid | −₹220.2m | −₹268.1m | −₹193.2m | — | — | — | −₹53.9m | −₹134.9m | −₹94.3m | −₹21.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹10.42bn | ₹10.48bn | ₹10.15bn | ₹9.19bn | ₹8.81bn | ₹9.01bn | ₹5.22bn | ₹5.29bn |
| Operating income | ₹474.9m | ₹572.2m | ₹543.5m | ₹422.7m | ₹390.2m | ₹432.8m | ₹154.1m | ₹144.5m |
| Net income | ₹301.0m | ₹369.6m | ₹305.2m | ₹214.7m | ₹185.3m | ₹65.2m | −₹2.2m | −₹6.8m |
| Diluted earnings per share | 10.89 | 13.37 | 11.04 | 7.77 | 6.70 | 2.36 | -0.14 | -0.43 |
| Cash from operations | — | — | — | ₹237.0m | — | ₹3.16bn | — | ₹441.0m |
| Capital spending | — | — | — | −₹935.0m | — | −₹1.84bn | — | −₹562.0m |
| Free cash flow | — | — | — | −₹698.0m | — | ₹1.31bn | — | −₹121.0m |
| Total assets | — | ₹25.21bn | — | ₹24.11bn | — | ₹22.69bn | — | ₹14.75bn |
| Cash and short-term investments | ₹461.8m | ₹472.4m | ₹434.3m | ₹790.5m | ₹337.8m | ₹347.9m | ₹225.4m | ₹225.4m |
| Debt | — | ₹6.59bn | — | ₹8.32bn | — | ₹8.20bn | — | ₹7.70bn |
| Shareholders' equity | ₹7.51bn | ₹7.51bn | ₹6.80bn | ₹6.80bn | ₹6.71bn | ₹6.71bn | ₹2.57bn | ₹2.57bn |
Financial ratios
Data as of 25 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 5.0% | 6.6% | 2.5% | 3.8% | 2.6% | -2.4% | — |
| Net margin | 2.8% | 1.1% | 0.1% | 1.3% | 0.6% | -4.9% | — |
| Return on equity | 14.3% | 5.6% | 1.2% | 12.4% | 4.7% | -33.6% | — |
| Return on assets | 4.3% | 1.7% | 0.2% | 2.2% | 0.9% | -5.9% | — |
| Free cash flow yield | 9.7% | 11.8% | 15.8% | 9.1% | 4.4% | 6.2% | — |
| Revenue growth | 13.4% | -1.6% | 47.1% | 35.2% | 38.3% | -0.6% | — |
| Earnings growth | 185.5% | 1146.7% | -89.9% | 181.6% | -117.4% | 34.3% | — |
| Current ratio | 0.92x | 0.98x | 1.43x | 0.93x | 0.89x | 0.78x | — |
| Debt to equity | 0.88x | 1.15x | 2.75x | 2.73x | 2.53x | 2.54x | — |
| Equity ratio | 29.8% | 29.6% | 18.7% | 17.9% | 18.5% | 17.6% | — |
| Interest coverage | 3.25x | 3.01x | 1.53x | 2.57x | 2.24x | -1.08x | — |
| R&D as a share of sales | — | 0.9% | 0.4% | 0.3% | 0.6% | 0.6% | 0.8% |
| Buybacks as a share of market value | 0.0% | -75.9% | 3.4% | 0.0% | -5.6% | -22.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.9% | 25.1% | 15.8% |
| Operating income | 29.2% | — | 28.2% |
| Net income | 53.0% | — | 23.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.7% | 4.0% | 2.9% | 2.6% |
| Net margin | 2.0% | 1.4% | 0.8% | 0.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 33.5 | 59.1 | 448.1 | 44.3 | 62.6 | -9.5 | -7.4 | 163.8 | 24.1 | 204.8 |
| Price to sales | 0.9 | 0.7 | 0.4 | 0.6 | 0.4 | 0.5 | 0.3 | 0.3 | 0.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 29 Jul 2025.
| FY2026 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 8.00 | 4.50 | 11.50 | 8.50 | 2.00 | 9.00 | 5.50 | 5.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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