S 
298.55
+1.08%
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
₹1.00bn
FY2020FY2026
Net income
−₹450.7m
FY2020FY2026
Free cash flow
₹51.7m
FY2020FY2026
Shareholders' equity
₹1.44bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | ₹1.00bn | ₹821.5m | ₹621.2m | ₹422.2m | ₹204.8m | ₹93.1m | ₹46.5m |
| Gross profit | ₹742.2m | ₹610.4m | ₹441.9m | ₹278.0m | ₹123.1m | ₹53.7m | ₹28.1m |
| Research and development | ₹318.7m | ₹267.0m | ₹218.2m | ₹207.0m | ₹136.3m | ₹62.4m | ₹36.7m |
| Operating income | −₹301.8m | −₹329.4m | −₹371.7m | −₹399.4m | −₹265.8m | −₹115.5m | −₹75.0m |
| Net income | −₹450.7m | −₹288.4m | −₹338.7m | −₹378.7m | −₹271.1m | −₹117.6m | −₹76.6m |
| Diluted earnings per share | -1.37 | -0.92 | -1.11 | -1.32 | -1.00 | -0.46 | -0.30 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | ₹2.44bn | ₹2.41bn | ₹2.32bn | ₹2.26bn | ₹2.04bn | ₹520.6m | ₹112.5m |
| Cash and short-term investments | ₹628.7m | ₹721.9m | ₹926.0m | ₹623.5m | ₹1.67bn | ₹395.8m | ₹45.7m |
| Total liabilities | ₹1.00bn | ₹737.4m | ₹727.4m | ₹602.2m | ₹391.4m | ₹220.0m | ₹134.8m |
| Debt | — | — | — | — | — | ₹19.6m | ₹19.6m |
| Shareholders' equity | ₹1.44bn | ₹1.67bn | ₹1.59bn | ₹1.66bn | ₹1.65bn | ₹300.6m | −₹22.4m |
| Shares outstanding | 330m | 315m | 305m | 287m | 271m | 256m | 256m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ₹76.6m | ₹33.7m | −₹68.4m | −₹193.3m | −₹95.6m | −₹66.6m | −₹44.4m |
| Capital spending | −₹24.9m | −₹27.1m | −₹18.8m | −₹18.8m | −₹10.3m | −₹6.3m | −₹2.9m |
| Free cash flow | ₹51.7m | ₹6.6m | −₹87.1m | −₹212.1m | −₹105.9m | −₹72.8m | −₹47.3m |
Latest quarters
By quarter end
| Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | Jul 2024 | Apr 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹271.2m | ₹258.9m | ₹242.2m | ₹229.0m | ₹225.5m | ₹210.6m | ₹198.9m | ₹186.4m |
| Gross profit | ₹196.8m | ₹191.1m | ₹181.7m | ₹172.5m | ₹168.5m | ₹157.4m | ₹148.2m | ₹136.2m |
| Operating income | −₹75.9m | −₹70.1m | −₹76.7m | −₹82.3m | −₹80.3m | −₹89.1m | −₹79.4m | −₹80.6m |
| Net income | −₹110.2m | −₹60.3m | −₹72.0m | −₹208.2m | −₹70.8m | −₹78.4m | −₹69.2m | −₹70.1m |
| Diluted earnings per share | -0.33 | -0.18 | -0.22 | -0.63 | -0.22 | -0.25 | -0.22 | -0.23 |
| Cash from operations | ₹4.0m | ₹21.0m | −₹1.0m | ₹52.0m | −₹3.0m | −₹7.0m | ₹2.0m | ₹42.0m |
| Capital spending | −₹6.0m | −₹5.0m | −₹6.0m | −₹6.0m | −₹5.0m | −₹5.0m | −₹7.0m | −₹8.0m |
| Free cash flow | −₹2.0m | ₹16.0m | −₹7.0m | ₹46.0m | −₹8.0m | −₹12.0m | −₹5.0m | ₹34.0m |
| Total assets | — | ₹2.43bn | ₹2.35bn | ₹2.38bn | ₹2.41bn | ₹2.37bn | ₹2.35bn | ₹2.31bn |
| Cash and short-term investments | — | ₹649.8m | ₹810.8m | ₹766.9m | ₹721.9m | ₹660.3m | ₹708.2m | ₹773.2m |
| Shareholders' equity | — | ₹1.55bn | ₹1.51bn | ₹1.55bn | ₹1.67bn | ₹1.64bn | ₹1.63bn | ₹1.62bn |
Financial ratios
Data as of 19 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 33.2% | 34.8% | 34.2% | 28.4% | 27.1% | 31.5% |
| Operating margin | 4.0% | 0.2% | 6.0% | -0.4% | -10.5% | 1.0% |
| Net margin | 3.8% | -2.0% | 1.8% | 1.8% | -11.9% | -1.2% |
| Return on equity | 11.3% | -5.5% | -53.3% | -31.8% | 115.8% | 93.7% |
| Return on assets | 3.7% | -1.7% | 2.1% | 2.1% | -11.8% | -1.4% |
| Free cash flow yield | 2.0% | 13.3% | 2.3% | -7.8% | -5.4% | 6.0% |
| Revenue growth | 42.3% | 16.3% | 14.2% | 26.3% | -16.0% | 43.5% |
| Earnings growth | -366.7% | -231.4% | 17.9% | -118.7% | 725.8% | -88.9% |
| Current ratio | 1.33x | 1.28x | 1.31x | 1.22x | 0.66x | 0.77x |
| Debt to equity | 0.41x | 0.37x | -10.81x | -6.72x | -4.31x | -13.83x |
| Equity ratio | 32.6% | 31.2% | -3.9% | -6.8% | -10.2% | -1.4% |
| Interest coverage | 2.14x | 0.06x | 1.79x | -0.15x | -3.00x | 0.33x |
| R&D as a share of sales | 0.0% | 0.0% | 13.7% | 14.8% | 12.3% | 4.7% |
| Buybacks as a share of market value | 0.2% | -0.2% | -147.6% | 15.5% | -12.3% | 15.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 33.4% | 60.8% | — |
| Operating income | -8.9% | 21.2% | — |
| Net income | 6.0% | 30.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 74.2% | 72.3% | 71.1% | — |
| Operating margin | -34.6% | -48.9% | -56.4% | — |
| Net margin | -40.6% | -50.8% | -58.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -212.7 | -316.8 | -370.8 | -138.3 | -22.4 | -44.1 |
| Price to sales | 95.7 | 111.3 | 202.2 | 124.0 | 29.7 | 55.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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