S 
2.32
+1.75%
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
₹1.66bn
FY2017FY2025
Net income
₹75.6m
FY2017FY2025
Free cash flow
−₹457.1m
FY2017FY2025
Shareholders' equity
₹2.81bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.66bn | ₹1.89bn | ₹1.42bn | ₹1.30bn | ₹1.01bn | ₹1.03bn | ₹2.60bn | ₹1.11bn | ₹536.0m |
| Research and development | ₹1.8m | ₹862,000 | ₹1.1m | ₹907,000 | ₹91,000 | ₹127,500 | ₹93,700 | ₹256,100 | ₹115,000 |
| Operating income | ₹271.8m | ₹270.0m | ₹146.3m | ₹115.5m | ₹183.5m | ₹242.1m | ₹1.18bn | ₹354.4m | ₹63.4m |
| Net income | ₹75.6m | ₹40.8m | ₹31.8m | ₹62.2m | ₹159.3m | ₹146.5m | ₹758.3m | ₹310.9m | ₹5.1m |
| Diluted earnings per share | 0.23 | 0.13 | 0.13 | 0.19 | 0.49 | 0.47 | 2.44 | 1.30 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹6.37bn | ₹5.32bn | ₹4.26bn | ₹3.86bn | ₹3.04bn | ₹2.16bn | ₹1.77bn | ₹1.39bn | ₹828.7m |
| Cash and short-term investments | ₹112.1m | ₹60.5m | ₹70.9m | ₹129.7m | ₹183.6m | ₹146.1m | ₹198.6m | ₹71.5m | ₹8.3m |
| Total liabilities | ₹3.56bn | ₹3.05bn | ₹2.00bn | ₹2.26bn | ₹1.74bn | ₹992.9m | ₹716.6m | ₹934.2m | ₹724.8m |
| Debt | ₹2.47bn | ₹2.33bn | ₹1.39bn | ₹1.16bn | ₹872.7m | ₹509.0m | ₹124.4m | ₹156.9m | ₹356.2m |
| Shareholders' equity | ₹2.81bn | ₹2.27bn | ₹2.26bn | ₹1.60bn | ₹1.30bn | ₹1.16bn | ₹1.05bn | ₹458.5m | ₹103.9m |
| Shares outstanding | 331m | 323m | 247m | 325m | 324m | 311m | 311m | 239m | 2,965m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹478.7m | −₹23.9m | −₹378.2m | −₹47.0m | ₹6.6m | −₹167.8m | ₹527.4m | ₹349.9m | ₹90.6m |
| Capital spending | −₹935.8m | −₹657.8m | −₹483.0m | −₹410.7m | −₹242.2m | −₹220.9m | −₹207.2m | −₹61.5m | −₹6.6m |
| Free cash flow | −₹457.1m | −₹681.7m | −₹861.2m | −₹457.7m | −₹235.6m | −₹388.7m | ₹320.2m | ₹288.4m | ₹84.0m |
| Dividends paid | −₹37.1m | −₹36.6m | −₹29.3m | — | — | −₹45.1m | −₹11.2m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹272.2m | ₹91.1m | ₹97.6m | ₹27.0m | ₹281.0m | ₹494.7m | ₹371.0m | ₹428.8m |
| Operating income | −₹6.1m | −₹269.5m | −₹190.6m | −₹206.6m | −₹27.1m | ₹93.8m | ₹78.7m | ₹42.9m |
| Net income | −₹5.5m | −₹336.2m | −₹251.4m | −₹255.5m | −₹21.2m | ₹41.0m | ₹25.8m | ₹2.6m |
| Diluted earnings per share | -0.00 | -0.11 | -0.76 | -0.77 | -0.06 | 0.12 | 0.08 | 0.01 |
| Cash from operations | — | — | — | −₹116.0m | — | — | — | — |
| Capital spending | — | — | — | −₹172.0m | — | — | — | — |
| Free cash flow | — | — | — | −₹288.0m | — | — | — | — |
| Total assets | — | ₹6.58bn | — | ₹6.16bn | — | ₹6.37bn | — | ₹5.75bn |
| Cash and short-term investments | ₹182.6m | ₹182.6m | ₹52.6m | ₹97.5m | ₹89.1m | ₹112.1m | ₹82.6m | ₹127.0m |
| Debt | — | ₹1.12bn | — | ₹2.56bn | — | ₹2.41bn | — | ₹2.57bn |
| Shareholders' equity | ₹4.54bn | ₹4.54bn | ₹2.53bn | ₹2.53bn | ₹2.81bn | ₹2.81bn | ₹2.28bn | ₹2.28bn |
Financial ratios
Data as of 17 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | -122.5% | 17.5% | 15.7% | 9.5% | 8.8% | 19.0% |
| Net margin | -174.0% | 4.6% | 2.2% | 2.2% | 4.8% | 15.7% |
| Return on equity | -19.0% | 2.7% | 1.8% | 1.4% | 3.9% | 12.3% |
| Return on assets | -13.1% | 1.2% | 0.8% | 0.7% | 1.6% | 5.2% |
| Free cash flow yield | -0.7% | 181.2% | 83.3% | 18.0% | 47.4% | 32.5% |
| Revenue growth | -70.0% | -12.3% | 32.9% | 9.3% | 28.3% | -1.4% |
| Earnings growth | -1243.1% | 85.2% | 28.4% | -48.9% | -60.9% | 8.7% |
| Current ratio | 1.80x | 1.39x | 1.68x | 1.33x | 1.23x | 1.32x |
| Debt to equity | 0.25x | 0.86x | 1.00x | 0.60x | 0.68x | 0.43x |
| Equity ratio | 69.1% | 44.0% | 42.6% | 53.1% | 41.5% | 42.7% |
| Interest coverage | -2.30x | 1.66x | 1.71x | 1.39x | 2.68x | 5.64x |
| R&D as a share of sales | 0.1% | 0.1% | 0.0% | 0.1% | 0.1% | 0.0% |
| Buybacks as a share of market value | -796.2% | -2.6% | -30.5% | 24.0% | -0.4% | -4.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -29.6% | -13.3% | 3.3% |
| Operating income | — | — | 28.3% |
| Net income | — | — | 33.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -15.6% | 1.5% | 4.9% | 16.2% |
| Net margin | -36.6% | -13.1% | -6.4% | 5.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | -8.0 | 8.8 | 88.3 | 187.0 |
| Price to sales | 14.0 | 0.4 | 1.9 | 4.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 22 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2020 | FY2009 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.04 | 0.031 | 0.123 | 1.636 | 0.279 | 1.227 | 0.016 |
- 11-for-9 split · 5 Jul 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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