101.58
+0.33%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹3.42bn
FY2017FY2026
Net income
₹11.4m
FY2017FY2026
Free cash flow
−₹167.3m
FY2017FY2026
Shareholders' equity
₹3.99bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.42bn | ₹4.06bn | ₹3.82bn | ₹3.54bn | ₹3.95bn | ₹2.31bn | ₹2.02bn | ₹1.84bn | ₹2.10bn | ₹2.46bn |
| Research and development | — | ₹132.1m | ₹127.9m | ₹126.0m | ₹101.2m | ₹85.0m | ₹34.3m | ₹45.8m | ₹52.8m | ₹51.4m |
| Operating income | ₹126.2m | ₹491.9m | ₹610.7m | ₹684.6m | ₹949.3m | ₹536.6m | ₹274.6m | −₹57.0m | ₹178.2m | ₹368.3m |
| Net income | ₹11.4m | ₹298.3m | ₹435.2m | ₹569.0m | ₹728.8m | ₹357.0m | ₹247.8m | −₹107.4m | ₹113.0m | ₹194.9m |
| Diluted earnings per share | 0.12 | 3.22 | 5.03 | 6.18 | 7.92 | 3.88 | 2.69 | -1.17 | 1.23 | 2.12 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹5.98bn | ₹5.88bn | ₹5.66bn | ₹5.14bn | ₹4.28bn | ₹3.71bn | ₹3.50bn | ₹3.14bn | ₹3.05bn | ₹3.10bn |
| Cash and short-term investments | ₹91.5m | ₹65.6m | ₹99.2m | ₹125.5m | ₹202.8m | ₹190.2m | ₹33.4m | ₹17.5m | ₹44.9m | ₹101.3m |
| Total liabilities | ₹1.99bn | ₹1.85bn | ₹1.89bn | ₹1.75bn | ₹1.40bn | ₹1.53bn | ₹1.67bn | ₹1.56bn | ₹1.36bn | ₹1.89bn |
| Debt | ₹1.00bn | ₹829.9m | ₹957.9m | ₹923.8m | ₹797.3m | ₹871.8m | ₹1.05bn | ₹818.0m | ₹800.0m | ₹1.15bn |
| Shareholders' equity | ₹3.99bn | ₹4.03bn | ₹3.78bn | ₹3.39bn | ₹2.87bn | ₹2.19bn | ₹1.83bn | ₹1.58bn | ₹1.69bn | ₹1.20bn |
| Shares outstanding | 92m | 93m | 87m | 92m | 92m | 92m | 92m | 92m | 92m | 92m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹118.6m | ₹347.1m | ₹220.9m | ₹160.9m | ₹343.9m | ₹569.8m | ₹3.3m | ₹109.2m | ₹78.5m | −₹106.8m |
| Capital spending | −₹48.7m | −₹154.3m | −₹184.2m | −₹287.5m | −₹206.3m | −₹180.4m | −₹58.1m | −₹56.3m | −₹96.1m | −₹58.7m |
| Free cash flow | −₹167.3m | ₹192.8m | ₹36.8m | −₹126.6m | ₹137.7m | ₹389.4m | −₹54.8m | ₹52.9m | −₹17.6m | −₹165.5m |
| Dividends paid | −₹46.0m | −₹46.0m | −₹46.0m | −₹46.0m | −₹39.6m | −₹16.1m | −₹16.1m | −₹16.1m | −₹16.1m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹879.5m | ₹765.3m | ₹901.3m | ₹779.9m | ₹975.8m | ₹717.0m | ₹938.1m | ₹1.17bn |
| Operating income | ₹77.8m | ₹11.6m | ₹72.1m | −₹56.6m | −₹115.9m | −₹83.2m | ₹59.9m | ₹202.4m |
| Net income | ₹246.1m | ₹88.9m | ₹100.9m | −₹36.2m | −₹142.2m | −₹96.6m | ₹5.2m | ₹142.9m |
| Diluted earnings per share | 2.67 | 0.96 | 1.09 | -0.39 | -1.54 | -1.04 | 0.06 | 1.65 |
| Cash from operations | — | — | — | −₹14.0m | — | ₹347.0m | — | ₹329.0m |
| Capital spending | — | — | — | −₹25.0m | — | −₹154.0m | — | −₹115.0m |
| Free cash flow | — | — | — | −₹39.0m | — | ₹193.0m | — | ₹214.0m |
| Total assets | — | ₹5.98bn | — | ₹5.82bn | — | ₹5.88bn | — | ₹6.02bn |
| Cash and short-term investments | ₹91.5m | ₹91.5m | ₹127.5m | ₹189.6m | ₹128.4m | ₹128.4m | ₹176.0m | ₹232.3m |
| Debt | — | ₹1.00bn | — | ₹955.6m | — | ₹829.9m | — | ₹814.5m |
| Shareholders' equity | ₹3.99bn | ₹3.99bn | ₹3.80bn | ₹3.80bn | ₹4.03bn | ₹4.03bn | ₹4.12bn | ₹4.12bn |
Financial ratios
Data as of 8 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 3.7% | 9.6% | 16.0% | 19.3% | 23.5% | 19.3% | — |
| Net margin | 0.3% | 7.4% | 11.4% | 16.1% | 18.5% | 15.5% | — |
| Return on equity | 0.3% | 7.4% | 11.5% | 16.8% | 25.4% | 16.3% | — |
| Return on assets | 0.2% | 5.1% | 7.7% | 11.1% | 17.0% | 9.6% | — |
| Free cash flow yield | -0.7% | 5.0% | 4.3% | 4.5% | 5.5% | 7.5% | — |
| Revenue growth | -15.6% | 6.2% | 7.7% | -10.2% | 71.1% | 14.4% | — |
| Earnings growth | -96.2% | -31.5% | -23.5% | -21.9% | 104.1% | 44.1% | — |
| Current ratio | 1.84x | 1.95x | 1.90x | 1.90x | 1.96x | 1.45x | — |
| Debt to equity | 0.25x | 0.21x | 0.25x | 0.27x | 0.28x | 0.39x | — |
| Equity ratio | 66.7% | 68.5% | 66.7% | 66.0% | 67.2% | 58.9% | — |
| Interest coverage | 1.18x | 3.90x | 6.51x | 7.16x | 10.56x | 3.51x | — |
| R&D as a share of sales | — | 3.3% | 3.4% | 3.6% | 2.6% | 3.7% | 1.7% |
| Buybacks as a share of market value | 0.5% | -7.0% | 6.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.2% | 8.2% | 3.9% |
| Operating income | -43.1% | -25.1% | -10.1% |
| Net income | -72.8% | -49.7% | -24.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.3% | 12.9% | 16.1% | 14.2% |
| Net margin | 4.1% | 8.9% | 11.4% | 9.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | 31.2 | 52.4 | 34.6 | 17.1 | 24.3 | 13.4 | -27.2 | 27.2 | 27.7 |
| Price to sales | 2.8 | 2.3 | 6.0 | 5.5 | 3.2 | 3.8 | 1.6 | 1.6 | 1.5 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 4 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.50 | 0.50 | 0.50 | 0.43 | 0.175 | 0.30 | 0.30 |
- 10-for-1 split · 10 Oct 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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