S 
428.95
-3.61%
Close of 9 Nov 2026, in INR
Search any instrument
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
₹952.5m
FY2016FY2025
Net income
₹13.1m
FY2016FY2025
Free cash flow
−₹74.1m
FY2016FY2025
Shareholders' equity
₹1.69bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹952.5m | ₹787.8m | ₹654.0m | ₹574.6m | ₹415.7m | ₹579.5m | ₹627.6m | ₹515.4m | ₹467.2m | ₹439.9m |
| Operating income | ₹61.9m | ₹79.1m | ₹89.2m | ₹76.2m | ₹54.7m | ₹113.3m | ₹122.4m | ₹119.0m | ₹97.0m | ₹69.4m |
| Net income | ₹13.1m | ₹35.8m | ₹40.0m | ₹47.9m | ₹27.5m | ₹64.9m | ₹74.3m | ₹67.9m | ₹49.2m | ₹32.9m |
| Diluted earnings per share | 1.00 | 3.17 | 3.78 | 4.89 | 2.90 | 6.84 | 8.07 | 9.55 | 6.92 | 4.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹2.48bn | ₹1.95bn | ₹1.63bn | ₹1.34bn | ₹1.20bn | ₹1.07bn | ₹850.2m | ₹684.6m | ₹604.5m | ₹584.6m |
| Cash and short-term investments | ₹410.5m | ₹125.4m | ₹104.7m | ₹63.7m | ₹55.3m | ₹87.7m | ₹122.8m | ₹12.7m | ₹32.6m | ₹13.4m |
| Total liabilities | ₹791.2m | ₹689.4m | ₹591.7m | ₹488.0m | ₹506.8m | ₹405.4m | ₹242.3m | ₹310.7m | ₹294.9m | ₹324.2m |
| Debt | ₹419.2m | ₹385.0m | ₹480.9m | ₹350.2m | ₹365.9m | ₹281.3m | ₹157.8m | ₹96.1m | ₹131.0m | ₹146.2m |
| Shareholders' equity | ₹1.69bn | ₹1.26bn | ₹1.04bn | ₹847.0m | ₹697.5m | ₹667.7m | ₹607.9m | ₹374.0m | ₹309.6m | ₹260.4m |
| Shares outstanding | 13m | 11m | 11m | 10m | 9m | 10m | 9m | 7m | 7m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹279.6m | ₹187.0m | ₹74.1m | ₹116.0m | ₹54.7m | −₹62.8m | ₹36.3m | ₹78.7m | ₹94.3m | −₹4.5m |
| Capital spending | −₹353.6m | −₹221.8m | −₹166.0m | −₹162.2m | −₹112.4m | −₹67.8m | −₹54.9m | −₹47.7m | −₹32.2m | −₹41.9m |
| Free cash flow | −₹74.1m | −₹34.8m | −₹91.9m | −₹46.2m | −₹57.7m | −₹130.5m | −₹18.6m | ₹30.9m | ₹62.1m | −₹46.5m |
| Dividends paid | — | — | — | — | — | −₹5.7m | −₹5.7m | −₹4.2m | −₹2.1m | −₹1.9m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹268.1m | ₹270.1m | ₹310.0m | ₹215.5m | ₹229.5m | ₹197.5m | ₹184.8m | ₹191.2m |
| Operating income | ₹13.3m | ₹17.3m | ₹4.2m | ₹18.3m | ₹17.0m | ₹20.0m | ₹16.9m | ₹23.9m |
| Net income | ₹1.8m | ₹9.5m | ₹371,000 | ₹1.8m | ₹4.6m | ₹6.4m | ₹7.1m | ₹10.5m |
| Diluted earnings per share | 0.13 | 0.68 | 0.03 | 0.14 | 0.36 | 0.50 | 0.58 | 0.94 |
| Total assets | ₹2.44bn | — | ₹2.48bn | — | ₹2.01bn | — | — | ₹1.83bn |
| Cash and short-term investments | ₹336.2m | — | ₹427.8m | — | ₹93.5m | — | — | ₹198.7m |
| Debt | ₹101.8m | — | ₹125.0m | — | ₹124.3m | — | — | ₹115.0m |
| Shareholders' equity | ₹1.70bn | — | ₹1.69bn | — | ₹1.28bn | — | — | ₹1.24bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 8.5% | 8.6% | 13.1% | 16.0% | 16.8% | 16.1% | — | — |
| Net margin | 3.7% | 1.4% | 4.5% | 6.1% | 8.3% | 6.6% | — | — |
| Return on equity | 2.9% | 0.8% | 2.8% | 3.9% | 5.7% | 4.0% | — | — |
| Return on assets | 1.9% | 0.5% | 1.8% | 2.5% | 3.6% | 2.4% | — | — |
| Free cash flow yield | 5.4% | 4.4% | 7.7% | 4.9% | 6.6% | 4.0% | — | — |
| Revenue growth | 39.5% | 20.9% | 20.4% | 13.8% | 38.2% | -28.3% | — | — |
| Earnings growth | 276.0% | -63.3% | -10.5% | -16.5% | 74.0% | -57.6% | — | — |
| Current ratio | 1.96x | 2.14x | 1.85x | 2.20x | 2.82x | 3.06x | — | — |
| Debt to equity | 0.19x | 0.21x | 0.26x | 0.39x | 0.39x | 0.46x | — | — |
| Equity ratio | 67.7% | 68.1% | 64.7% | 63.7% | 63.4% | 60.0% | — | — |
| Interest coverage | 2.77x | 1.67x | 2.20x | 2.67x | 3.19x | 2.58x | — | — |
| R&D as a share of sales | — | — | 14.4% | 13.0% | 10.0% | 10.6% | 5.4% | 5.2% |
| Buybacks as a share of market value | -7.0% | -6.8% | -8.9% | -15.8% | -1.6% | -0.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.4% | 10.4% | 10.5% |
| Operating income | -6.7% | -11.4% | 0.4% |
| Net income | -35.0% | -27.3% | -8.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.1% | 10.3% | 12.0% | 14.8% |
| Net margin | 2.8% | 4.6% | 5.8% | 7.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 315.6 | 168.1 | 60.9 | 31.5 | 40.3 | 13.6 | 8.1 | 4.4 |
| Price to sales | 4.3 | 7.6 | 3.7 | 2.6 | 2.7 | 1.5 | 0.9 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Sept 2019.
| FY2020 | FY2019 | |
|---|---|---|
| Paid in the year | 0.50 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.