318.55
+0.50%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹4.23bn
FY2019FY2026
Net income
₹143.2m
FY2019FY2026
Free cash flow
−₹71.0m
FY2019FY2026
Shareholders' equity
₹6.35bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.23bn | ₹3.92bn | ₹2.96bn | ₹2.83bn | ₹3.01bn | ₹2.28bn | ₹1.75bn | ₹1.78bn |
| Operating income | ₹214.0m | ₹482.3m | ₹708.9m | ₹1.75bn | ₹1.36bn | ₹951.6m | ₹548.7m | ₹625.7m |
| Net income | ₹143.2m | ₹297.7m | ₹426.4m | ₹807.1m | ₹1.01bn | ₹688.7m | ₹405.3m | ₹389.6m |
| Diluted earnings per share | 2.69 | 5.60 | 8.03 | 15.17 | 18.92 | 13.28 | 7.96 | 7.32 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ₹11.86bn | ₹10.80bn | ₹9.72bn | ₹7.26bn | ₹5.44bn | ₹2.96bn | ₹2.49bn | ₹2.12bn |
| Cash and short-term investments | ₹252.6m | ₹256.5m | ₹226.1m | ₹590.6m | ₹774.4m | ₹23.3m | ₹253.1m | ₹5.1m |
| Total liabilities | ₹5.51bn | ₹4.50bn | ₹3.59bn | ₹1.56bn | ₹544.0m | ₹516.1m | ₹511.4m | ₹766.9m |
| Debt | ₹3.93bn | ₹3.39bn | ₹2.69bn | ₹1.11bn | ₹216.7m | ₹335.0m | ₹359.2m | ₹645.4m |
| Shareholders' equity | ₹6.35bn | ₹6.30bn | ₹6.13bn | ₹5.69bn | ₹4.90bn | ₹2.44bn | ₹1.98bn | ₹1.35bn |
| Shares outstanding | 53m | 53m | 53m | 53m | 53m | 52m | 51m | 53m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹1.18bn | ₹966.2m | ₹1.03bn | ₹756.0m | ₹834.7m | ₹681.5m | ₹642.2m | ₹513.4m |
| Capital spending | −₹1.26bn | −₹1.52bn | −₹1.84bn | −₹1.90bn | −₹1.32bn | −₹643.2m | −₹260.0m | −₹339.4m |
| Free cash flow | −₹71.0m | −₹550.9m | −₹816.3m | −₹1.14bn | −₹485.0m | ₹38.3m | ₹382.2m | ₹174.0m |
| Dividends paid | — | −₹106.3m | — | — | — | −₹1.50bn | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.10bn | ₹1.21bn | ₹1.08bn | ₹1.02bn | ₹913.6m | ₹1.13bn | ₹956.8m | ₹992.5m |
| Operating income | −₹10.4m | ₹51.9m | ₹64.8m | ₹49.6m | ₹47.7m | ₹169.9m | ₹122.3m | ₹112.8m |
| Net income | −₹14.4m | ₹41.8m | ₹50.4m | ₹33.2m | ₹17.8m | ₹102.0m | ₹52.6m | ₹102.9m |
| Diluted earnings per share | -0.27 | 0.79 | 0.95 | 0.62 | 0.34 | 1.92 | 0.99 | 1.94 |
| Cash from operations | — | — | — | ₹444.0m | — | — | — | — |
| Capital spending | — | — | — | −₹712.0m | — | — | — | — |
| Free cash flow | — | — | — | −₹268.0m | — | — | — | — |
| Total assets | — | ₹11.86bn | — | ₹11.64bn | — | ₹10.80bn | — | ₹10.54bn |
| Cash and short-term investments | — | ₹252.6m | ₹312.7m | ₹313.6m | ₹256.5m | ₹256.5m | ₹363.6m | ₹364.0m |
| Debt | — | ₹3.86bn | — | ₹3.89bn | — | ₹3.35bn | — | ₹3.08bn |
| Shareholders' equity | — | ₹6.35bn | ₹6.27bn | ₹6.27bn | ₹6.30bn | ₹6.30bn | ₹6.14bn | ₹6.14bn |
Financial ratios
Data as of 5 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.1% | 12.3% | 23.9% | 38.0% | 45.3% | 41.8% |
| Net margin | 3.4% | 7.6% | 14.4% | 28.5% | 33.5% | 30.2% |
| Return on equity | 2.3% | 4.7% | 7.0% | 14.2% | 20.6% | 28.2% |
| Return on assets | 1.2% | 2.8% | 4.4% | 11.1% | 18.5% | 23.3% |
| Free cash flow yield | 13.7% | 13.9% | 16.1% | 14.9% | 12.1% | 7.6% |
| Revenue growth | 7.7% | 32.4% | 4.6% | -5.8% | 32.0% | 30.2% |
| Earnings growth | -51.9% | -30.2% | -47.2% | -19.8% | 46.2% | 69.9% |
| Current ratio | 1.01x | 1.38x | 1.10x | 4.01x | 7.00x | 2.70x |
| Debt to equity | 0.61x | 0.53x | 0.42x | 0.19x | 0.04x | 0.14x |
| Equity ratio | 53.5% | 58.4% | 63.0% | 78.5% | 90.0% | 82.6% |
| Interest coverage | 0.95x | 2.49x | 7.08x | 24.08x | 32.33x | 34.97x |
| Buybacks as a share of market value | 0.0% | -0.2% | 0.2% | 0.0% | -2.6% | -1.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.1% | 12.1% | — |
| Operating income | -50.3% | -25.8% | — |
| Net income | -43.8% | -27.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.5% | 22.6% | 28.4% | — |
| Net margin | 5.4% | 12.0% | 17.5% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 117.0 | 41.7 | 50.3 | 34.8 | 36.7 | 48.6 |
| Price to sales | 4.2 | 3.3 | 7.5 | 10.2 | 12.5 | 14.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Sept 2024.
| FY2025 | |
|---|---|
| Paid in the year | 2.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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