S 
210.80
+8.93%
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
₹18.79bn
FY2017FY2026
Net income
₹15.53bn
FY2017FY2026
Free cash flow
−₹2.97bn
FY2017FY2026
Shareholders' equity
₹13.39bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹18.79bn | ₹717.7m | ₹755.5m | ₹2.39bn | ₹1.37bn | ₹2.53bn | ₹768.1m | ₹1.83bn | ₹782.6m | ₹1.81bn |
| Research and development | ₹226.6m | ₹813.3m | ₹4.79bn | ₹4.53bn | ₹3.24bn | ₹3.88bn | ₹3.87bn | ₹1.48bn | ₹3.21bn | ₹3.04bn |
| Operating income | ₹15.89bn | −₹3.34bn | −₹4.12bn | −₹2.24bn | −₹1.90bn | −₹1.40bn | −₹3.15bn | −₹1.52bn | −₹2.51bn | −₹1.31bn |
| Net income | ₹15.53bn | −₹3.43bn | −₹3.87bn | −₹2.23bn | −₹2.03bn | −₹1.51bn | −₹3.12bn | −₹1.45bn | −₹1.97bn | −₹1.20bn |
| Diluted earnings per share | 47.86 | -10.55 | -11.93 | -6.86 | -7.01 | -5.72 | -11.92 | -5.55 | -7.76 | -4.85 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹21.71bn | ₹3.36bn | ₹5.15bn | ₹8.30bn | ₹2.80bn | ₹2.30bn | ₹2.73bn | ₹3.98bn | ₹3.09bn | ₹2.74bn |
| Cash and short-term investments | ₹26.2m | ₹19.6m | ₹1.57bn | ₹4.07bn | ₹128.9m | ₹157.3m | ₹88.4m | ₹2.11bn | ₹1.09bn | ₹731.4m |
| Total liabilities | ₹8.32bn | ₹5.52bn | ₹3.89bn | ₹3.17bn | ₹2.49bn | ₹3.98bn | ₹2.91bn | ₹1.02bn | ₹1.24bn | ₹1.14bn |
| Debt | ₹5.59bn | ₹2.69bn | ₹611.5m | ₹156.7m | ₹792.2m | ₹2.36bn | ₹683.4m | ₹16.4m | ₹22.8m | ₹31.4m |
| Shareholders' equity | ₹13.39bn | −₹2.17bn | ₹1.26bn | ₹5.13bn | ₹312.3m | −₹1.68bn | −₹186.4m | ₹2.96bn | ₹1.85bn | ₹1.60bn |
| Shares outstanding | 325m | 325m | 325m | 325m | 290m | 264m | 262m | 262m | 254m | 248m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹2.73bn | −₹3.60bn | −₹4.29bn | −₹691.2m | −₹2.08bn | −₹1.52bn | −₹2.11bn | −₹1.72bn | −₹1.83bn | −₹1.28bn |
| Capital spending | −₹238.3m | −₹103.4m | −₹265.1m | −₹153.9m | −₹326.8m | −₹60.0m | −₹540.4m | −₹129.5m | −₹326.3m | −₹85.8m |
| Free cash flow | −₹2.97bn | −₹3.71bn | −₹4.56bn | −₹845.1m | −₹2.41bn | −₹1.58bn | −₹2.65bn | −₹1.85bn | −₹2.15bn | −₹1.37bn |
| Dividends paid | — | — | — | — | — | — | — | −₹916.7m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹399.2m | ₹18.53bn | ₹84.5m | ₹78.6m | ₹96.4m | ₹271.9m | ₹149.1m | ₹128.6m |
| Operating income | −₹362.0m | ₹17.71bn | −₹715.7m | −₹682.7m | −₹547.6m | −₹561.3m | −₹766.4m | −₹1.06bn |
| Net income | −₹207.8m | ₹17.61bn | −₹804.2m | −₹758.5m | −₹518.7m | −₹597.7m | −₹795.1m | −₹1.07bn |
| Diluted earnings per share | -0.64 | 54.27 | -2.48 | -2.34 | -1.60 | -1.84 | -2.45 | -3.31 |
| Cash from operations | — | — | — | −₹1.16bn | — | −₹3.60bn | — | −₹2.02bn |
| Capital spending | — | — | — | −₹231.0m | — | −₹103.0m | — | −₹35.0m |
| Free cash flow | — | — | — | −₹1.39bn | — | −₹3.71bn | — | −₹2.06bn |
| Total assets | — | ₹21.71bn | — | ₹3.22bn | — | ₹3.36bn | — | ₹3.21bn |
| Cash and short-term investments | ₹11.6m | ₹26.2m | ₹9.4m | ₹30.0m | ₹19.6m | ₹19.6m | ₹60.7m | ₹60.7m |
| Debt | — | ₹5.59bn | — | ₹4.17bn | — | ₹2.69bn | — | ₹1.01bn |
| Shareholders' equity | ₹13.39bn | ₹13.39bn | −₹3.45bn | −₹3.45bn | −₹2.17bn | −₹2.17bn | −₹773.8m | −₹773.8m |
Financial ratios
Data as of 20 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 84.5% | -465.0% | -544.7% | -93.7% | -138.5% | -55.5% |
| Net margin | 82.7% | -477.2% | -512.6% | -93.2% | -148.2% | -59.7% |
| Return on equity | 116.0% | 157.9% | -307.9% | -43.4% | -651.4% | 89.8% |
| Return on assets | 71.5% | -102.1% | -75.2% | -26.8% | -72.6% | -65.8% |
| Free cash flow yield | -4.0% | -5.6% | -6.4% | -0.9% | -3.1% | -2.8% |
| Revenue growth | 2518.3% | -5.0% | -68.4% | 74.0% | -45.7% | 229.3% |
| Earnings growth | -553.5% | -11.5% | 74.0% | 9.4% | 34.6% | -51.6% |
| Current ratio | 2.47x | 0.07x | 1.02x | 2.54x | 0.42x | 0.27x |
| Debt to equity | 0.42x | -1.21x | 0.40x | 0.01x | 2.46x | -1.40x |
| Equity ratio | 61.7% | -64.7% | 24.4% | 61.8% | 11.1% | -73.3% |
| Interest coverage | 46.54x | -36.92x | -243.49x | -29.29x | -14.26x | -13.19x |
| R&D as a share of sales | 1.2% | 113.3% | 634.5% | 189.6% | 236.1% | 153.4% |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.0% | -11.9% | -9.8% | -0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 98.9% | 49.3% | 27.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 64.3% | 27.4% | 10.9% | -18.9% |
| Net margin | 62.1% | 26.5% | 9.3% | -17.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.9 | -12.7 | -16.8 | -41.8 | -29.7 | -50.1 | -16.3 | -28.1 | -24.2 | -104.8 |
| Price to sales | 3.3 | 60.8 | 86.2 | 39.0 | 44.1 | 29.9 | 66.1 | 22.4 | 61.0 | 69.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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