S 
27.14
-1.49%
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
₹4.78bn
FY2018FY2026
Net income
−₹817.6m
FY2018FY2026
Free cash flow
−₹461.9m
FY2018FY2026
Shareholders' equity
₹5.22bn
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.78bn | ₹4.88bn | ₹3.99bn | ₹3.02bn | ₹2.50bn | ₹1.93bn | ₹1.39bn | ₹1.29bn | ₹1.03bn |
| Research and development | ₹4.5m | ₹359,000 | ₹592,000 | ₹5.1m | ₹4.3m | ₹3.2m | ₹2.3m | ₹3.4m | ₹3.8m |
| Operating income | ₹361.7m | ₹1.05bn | ₹750.4m | ₹587.7m | ₹527.7m | ₹739.6m | ₹264.5m | ₹276.5m | ₹124.3m |
| Net income | −₹817.6m | ₹695.6m | ₹571.8m | ₹435.4m | ₹400.4m | ₹302.6m | ₹203.2m | ₹190.1m | ₹69.2m |
| Diluted earnings per share | -2.14 | 1.82 | 1.39 | 1.16 | 1.30 | 0.98 | 0.66 | 0.50 | 0.18 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹8.41bn | ₹8.46bn | ₹6.94bn | ₹3.74bn | ₹2.87bn | ₹1.33bn | ₹1.09bn | ₹914.6m | ₹722.9m |
| Cash and short-term investments | ₹259.8m | ₹720.2m | ₹570.6m | ₹327.5m | ₹693.8m | ₹180.2m | ₹105.9m | ₹19.3m | ₹25.7m |
| Total liabilities | ₹3.12bn | ₹2.33bn | ₹2.53bn | ₹1.05bn | ₹590.2m | ₹392.1m | ₹445.6m | ₹465.8m | ₹459.5m |
| Debt | ₹1.62bn | ₹1.45bn | ₹1.51bn | ₹684.8m | ₹349.0m | ₹209.3m | ₹303.8m | ₹251.9m | ₹304.1m |
| Shareholders' equity | ₹5.22bn | ₹6.01bn | ₹4.30bn | ₹2.68bn | ₹2.28bn | ₹942.0m | ₹645.9m | ₹448.8m | ₹263.4m |
| Shares outstanding | 382m | 382m | 411m | 375m | 307m | 307m | 307m | 382m | 382m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹50.2m | ₹190.3m | ₹128.9m | ₹290.2m | ₹58.5m | ₹295.5m | ₹121.4m | ₹144.6m | ₹62.4m |
| Capital spending | −₹411.7m | −₹433.3m | −₹851.9m | −₹1.01bn | −₹243.3m | −₹92.8m | −₹59.3m | −₹59.4m | −₹44.6m |
| Free cash flow | −₹461.9m | −₹243.0m | −₹723.0m | −₹717.0m | −₹184.8m | ₹202.7m | ₹62.1m | ₹85.2m | ₹17.8m |
| Dividends paid | −₹38.2m | −₹32.8m | −₹30.7m | −₹30.7m | −₹23.0m | −₹7.7m | −₹3.6m | −₹3.6m | −₹3.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.21bn | ₹1.22bn | ₹1.17bn | ₹1.10bn | ₹1.28bn | ₹1.28bn | ₹1.39bn | ₹1.25bn |
| Operating income | ₹121.0m | ₹118.4m | ₹15.3m | ₹34.2m | ₹193.8m | ₹238.1m | ₹285.1m | ₹140.1m |
| Net income | ₹67.6m | ₹77.1m | ₹2.0m | ₹106.9m | −₹1.00bn | ₹132.7m | ₹213.5m | ₹217.8m |
| Diluted earnings per share | 0.18 | 0.20 | 0.01 | 0.28 | -2.63 | 0.35 | 0.52 | 0.53 |
| Cash from operations | — | — | — | −₹727.0m | — | — | — | — |
| Total assets | — | ₹8.41bn | — | ₹8.51bn | — | ₹8.46bn | — | ₹7.53bn |
| Cash and short-term investments | ₹260.1m | ₹259.8m | ₹817.7m | ₹817.7m | ₹720.2m | ₹720.2m | ₹480.3m | ₹765.5m |
| Debt | — | ₹1.39bn | — | ₹1.45bn | — | ₹1.23bn | — | ₹1.37bn |
| Shareholders' equity | ₹5.29bn | ₹5.22bn | ₹5.19bn | ₹5.08bn | ₹6.13bn | ₹6.01bn | ₹4.82bn | ₹4.72bn |
Financial ratios
Data as of 7 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | -15.4% | 21.5% | 18.8% | 19.5% | 21.1% | 20.6% |
| Net margin | -17.1% | 14.2% | 14.3% | 14.4% | 16.0% | 15.7% |
| Return on equity | -15.7% | 11.6% | 13.3% | 16.2% | 17.6% | 32.1% |
| Return on assets | -9.7% | 8.2% | 8.2% | 11.6% | 14.0% | 22.7% |
| Free cash flow yield | 3.2% | 5.6% | 8.1% | 11.8% | 3.3% | 4.3% |
| Revenue growth | -2.1% | 22.4% | 32.1% | 20.7% | 29.8% | 38.6% |
| Earnings growth | -217.5% | 21.7% | 31.3% | 8.7% | 32.3% | 49.0% |
| Current ratio | 1.44x | 2.13x | 1.67x | 2.38x | 3.50x | 2.71x |
| Debt to equity | 0.27x | 0.20x | 0.30x | 0.17x | 0.15x | 0.22x |
| Equity ratio | 62.0% | 71.0% | 61.9% | 71.8% | 79.4% | 70.6% |
| Interest coverage | -5.31x | 8.44x | 9.66x | 13.69x | 45.08x | 31.79x |
| R&D as a share of sales | 0.1% | 0.0% | 0.0% | 0.2% | 0.2% | 0.2% |
| Buybacks as a share of market value | 0.0% | 6.9% | -9.6% | -21.9% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.5% | 19.9% | — |
| Operating income | -14.9% | -13.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -13.2 | 17.1 | 35.9 | 44.3 | 20.8 | 40.5 |
| Price to sales | 2.3 | 2.4 | 5.1 | 6.4 | 3.3 | 6.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 16 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.10 | 0.10 |
- 10-for-1 split · 9 Oct 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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