S 
23.50
-2.77%
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
₹1.43bn
FY2021FY2026
Net income
₹67.8m
FY2021FY2026
Free cash flow
−₹202.6m
FY2021FY2026
Shareholders' equity
₹456.6m
FY2021FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | ₹1.43bn | ₹926.4m | ₹714.5m | ₹577.4m | ₹480.4m | ₹236.9m |
| Gross profit | ₹287.7m | ₹99.5m | ₹134.6m | ₹102.0m | ₹95.9m | ₹38.6m |
| Operating income | ₹169.1m | ₹64.0m | ₹1.2m | −₹12.7m | −₹6.4m | — |
| Net income | ₹67.8m | ₹39.8m | −₹8.7m | −₹16.9m | −₹29.7m | −₹73.3m |
| Diluted earnings per share | 1.39 | 0.82 | -0.21 | -0.41 | -0.61 | -1.50 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Total assets | ₹1.51bn | ₹1.22bn | ₹1.10bn | ₹997.9m | ₹955.2m | ₹878.2m |
| Cash and short-term investments | ₹4.4m | ₹8.1m | ₹6.1m | ₹15.6m | ₹15.1m | — |
| Total liabilities | ₹1.05bn | ₹1.04bn | ₹1.04bn | ₹937.7m | ₹878.1m | ₹771.4m |
| Debt | ₹963.2m | ₹959.0m | ₹970.6m | ₹890.7m | ₹838.1m | ₹672.1m |
| Shareholders' equity | ₹456.6m | ₹180.3m | ₹51.6m | ₹60.3m | ₹77.1m | ₹106.8m |
| Shares outstanding | 49m | 49m | 41m | 41m | 49m | 49m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash from operations | −₹16.9m | ₹2.7m | ₹35.9m | −₹7.8m | ₹25.1m | −₹34.6m |
| Capital spending | −₹185.7m | −₹72.5m | −₹115.7m | −₹35.2m | −₹67.6m | −₹41.0m |
| Free cash flow | −₹202.6m | −₹69.8m | −₹79.9m | −₹43.1m | −₹42.4m | −₹75.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹417.0m | ₹387.5m | ₹363.7m | ₹348.4m | ₹326.8m | ₹275.0m | ₹238.4m | ₹211.0m |
| Gross profit | ₹52.5m | ₹73.2m | ₹76.2m | ₹45.0m | ₹68.0m | ₹18.8m | ₹29.9m | ₹27.0m |
| Operating income | ₹30.3m | ₹18.0m | ₹26.7m | ₹24.7m | ₹25.7m | −₹19.7m | −₹14.8m | −₹15.0m |
| Net income | ₹20.5m | ₹12.0m | ₹19.0m | ₹18.5m | ₹18.3m | ₹54.5m | ₹11.9m | −₹11.3m |
| Diluted earnings per share | 0.42 | 0.25 | 0.39 | 0.38 | 0.38 | 1.12 | 0.29 | -0.27 |
| Cash from operations | — | — | — | −₹92.0m | — | ₹3.0m | — | — |
| Capital spending | — | — | — | −₹15.0m | — | −₹61.0m | — | — |
| Free cash flow | — | — | — | −₹107.0m | — | −₹58.0m | — | — |
| Total assets | ₹1.56bn | ₹1.51bn | ₹1.46bn | ₹1.38bn | ₹1.24bn | ₹1.22bn | ₹1.14bn | ₹1.10bn |
| Cash and short-term investments | ₹4.1m | ₹4.4m | ₹4.6m | ₹4.5m | ₹3.6m | ₹8.1m | ₹3.9m | ₹3.9m |
| Debt | ₹963.5m | ₹963.2m | ₹940.2m | ₹862.0m | ₹991.1m | ₹959.0m | ₹1.03bn | ₹117.2m |
| Shareholders' equity | ₹477.2m | ₹456.6m | ₹444.6m | ₹425.7m | ₹176.9m | ₹180.3m | ₹36.8m | ₹24.9m |
Financial ratios
Data as of 4 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.2% | 10.7% | 18.8% | 17.7% | 20.0% | 16.3% |
| Operating margin | 9.4% | 6.9% | 0.2% | -2.2% | -1.3% | -18.8% |
| Net margin | 4.8% | 4.3% | -1.2% | -2.9% | -6.2% | -30.9% |
| Return on equity | 14.9% | 22.0% | -16.8% | -28.0% | -38.5% | -68.6% |
| Return on assets | 4.5% | 3.3% | -0.8% | -1.7% | -3.1% | -8.3% |
| Free cash flow yield | 14.5% | 6.5% | 15.5% | 2.8% | — | — |
| Revenue growth | 54.0% | 29.6% | 23.7% | 20.2% | 102.8% | — |
| Earnings growth | 70.6% | -558.2% | -48.5% | -43.2% | -59.5% | — |
| Current ratio | 2.01x | 1.73x | 1.14x | 1.43x | 1.38x | 1.10x |
| Debt to equity | 2.11x | 5.32x | 18.81x | 14.78x | 10.87x | 6.29x |
| Equity ratio | 30.3% | 14.7% | 4.7% | 6.0% | 8.1% | 12.2% |
| Interest coverage | 3.06x | 6.28x | 0.12x | -1.30x | -0.19x | -0.90x |
| Buybacks as a share of market value | -0.3% | -18.8% | -0.9% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.6% | 49.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.5% | 17.1% | 17.4% | — |
| Operating margin | 9.9% | 6.1% | — | — |
| Net margin | 4.6% | 2.3% | -0.5% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 17.3 | 41.0 | -186.9 | -60.5 | -28.0 | -28.7 |
| Price to sales | 0.8 | 1.8 | 2.3 | 1.8 | 1.9 | 11.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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