V 
239.40
-0.06%
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
₹18.58bn
FY2017FY2026
Net income
−₹3.38bn
FY2017FY2026
Free cash flow
₹911.6m
FY2017FY2026
Shareholders' equity
₹2.90bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹18.58bn | ₹21.65bn | ₹22.38bn | ₹20.82bn | ₹12.87bn | ₹6.17bn | ₹17.16bn | ₹17.81bn | ₹14.08bn | ₹12.73bn |
| Gross profit | ₹3.28bn | ₹9.94bn | ₹11.26bn | ₹10.64bn | ₹6.10bn | ₹2.40bn | ₹8.83bn | ₹8.55bn | ₹6.94bn | ₹5.95bn |
| Research and development | — | — | — | — | ₹16.0m | ₹13.0m | ₹13.2m | ₹11.6m | ₹7.9m | ₹10.5m |
| Operating income | −₹3.68bn | −₹367.7m | ₹1.58bn | ₹2.21bn | ₹1.12bn | −₹1.39bn | ₹2.14bn | ₹2.18bn | ₹1.90bn | ₹1.28bn |
| Net income | −₹3.38bn | −₹687.9m | ₹543.0m | ₹1.52bn | ₹669.3m | −₹974.9m | ₹1.12bn | ₹1.45bn | ₹1.27bn | ₹838.6m |
| Diluted earnings per share | -23.79 | -4.84 | 3.85 | 10.73 | 4.70 | -6.84 | 7.98 | 10.28 | 8.99 | 5.93 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹16.04bn | ₹18.56bn | ₹20.67bn | ₹14.15bn | ₹12.30bn | ₹10.95bn | ₹12.45bn | ₹10.71bn | ₹7.73bn | ₹6.09bn |
| Cash and short-term investments | ₹1.16bn | ₹481.1m | ₹445.5m | ₹556.1m | ₹579.8m | ₹2.27bn | ₹472.0m | ₹108.1m | ₹951.7m | ₹756.0m |
| Total liabilities | ₹13.15bn | ₹12.40bn | ₹13.89bn | ₹7.74bn | ₹6.71bn | ₹5.78bn | ₹6.35bn | ₹4.90bn | ₹2.84bn | ₹2.01bn |
| Debt | ₹7.38bn | ₹7.51bn | ₹8.71bn | ₹3.52bn | ₹2.98bn | ₹3.53bn | ₹2.69bn | ₹861.5m | −₹71.9m | −₹50.6m |
| Shareholders' equity | ₹2.90bn | ₹6.16bn | ₹6.78bn | ₹6.42bn | ₹5.60bn | ₹5.17bn | ₹6.10bn | ₹5.81bn | ₹4.89bn | ₹4.08bn |
| Shares outstanding | 142m | 142m | 141m | 142m | 142m | 142m | 140m | 141m | 141m | 142m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹1.39bn | ₹2.92bn | −₹1.32bn | ₹1.75bn | −₹236.8m | ₹170.4m | ₹2.92bn | −₹559.1m | ₹858.5m | ₹1.26bn |
| Capital spending | −₹479.7m | −₹431.3m | −₹1.00bn | −₹1.07bn | −₹364.6m | −₹91.2m | −₹452.2m | −₹593.4m | −₹318.1m | −₹91.2m |
| Free cash flow | ₹911.6m | ₹2.49bn | −₹2.32bn | ₹679.5m | −₹601.4m | ₹79.2m | ₹2.47bn | −₹1.15bn | ₹540.4m | ₹1.17bn |
| Dividends paid | −₹4.6m | −₹7.3m | −₹288.1m | −₹638.2m | −₹354.8m | −₹3.7m | −₹729.9m | −₹450.5m | −₹364.0m | −₹306.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5.78bn | ₹4.36bn | ₹4.54bn | ₹4.06bn | ₹5.61bn | ₹4.94bn | ₹5.01bn | ₹5.44bn |
| Gross profit | ₹1.45bn | ₹770.0m | ₹457.3m | ₹1.24bn | ₹2.53bn | ₹2.32bn | ₹2.33bn | ₹1.58bn |
| Operating income | −₹425.5m | −₹1.13bn | −₹342.8m | −₹1.24bn | −₹69.4m | −₹157.5m | ₹10.5m | −₹255.0m |
| Net income | −₹535.6m | −₹1.29bn | −₹528.7m | −₹1.43bn | −₹131.0m | −₹273.6m | −₹124.2m | −₹330.5m |
| Diluted earnings per share | -3.77 | -9.07 | -3.72 | -10.08 | -0.92 | -1.93 | -0.88 | -2.34 |
| Cash from operations | — | — | — | ₹632.0m | — | ₹2.92bn | — | ₹1.26bn |
| Capital spending | — | — | — | −₹245.0m | — | −₹431.0m | — | −₹233.0m |
| Free cash flow | — | — | — | ₹387.0m | — | ₹2.49bn | — | ₹1.03bn |
| Total assets | — | ₹16.04bn | — | ₹17.22bn | — | ₹18.56bn | — | ₹19.66bn |
| Cash and short-term investments | ₹942.5m | ₹1.16bn | ₹441.7m | ₹594.9m | ₹481.1m | ₹481.1m | ₹505.1m | ₹505.1m |
| Debt | — | ₹4.74bn | — | ₹7.79bn | — | ₹7.51bn | — | ₹8.32bn |
| Shareholders' equity | ₹2.09bn | ₹2.90bn | ₹4.64bn | ₹4.64bn | ₹6.16bn | ₹6.16bn | ₹6.48bn | ₹6.48bn |
Financial ratios
Data as of 18 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 17.7% | 45.9% | 50.3% | 51.1% | 47.4% | 38.9% | — | — | — | — |
| Operating margin | -19.8% | -1.7% | 7.1% | 10.6% | 8.7% | -22.5% | — | — | — | — |
| Net margin | -18.2% | -3.2% | 2.4% | 7.3% | 5.2% | -15.8% | — | — | — | — |
| Return on equity | -116.8% | -11.2% | 8.0% | 23.7% | 12.0% | -18.9% | — | — | — | — |
| Return on assets | -21.1% | -3.7% | 2.6% | 10.8% | 5.4% | -8.9% | — | — | — | — |
| Free cash flow yield | 4.4% | 7.9% | -0.8% | 6.6% | 0.3% | 0.6% | — | — | — | — |
| Revenue growth | -14.2% | -3.3% | 7.5% | 61.8% | 108.5% | -64.0% | — | — | — | — |
| Earnings growth | 391.4% | -226.7% | -64.4% | 127.6% | -168.7% | -187.3% | — | — | — | — |
| Current ratio | 0.94x | 1.28x | 1.31x | 1.62x | 1.74x | 1.84x | — | — | — | — |
| Debt to equity | 1.64x | 0.77x | 0.87x | 0.35x | 0.29x | 0.37x | — | — | — | — |
| Equity ratio | 18.0% | 33.2% | 32.8% | 45.3% | 45.5% | 47.2% | — | — | — | — |
| Interest coverage | -5.23x | -0.50x | 2.68x | 7.05x | 4.27x | -4.68x | — | — | — | — |
| R&D as a share of sales | — | — | — | — | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | -0.0% | -0.6% | 0.6% | 0.2% | 0.1% | -1.7% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.7% | 24.7% | 4.3% |
| Operating income | — | 21.6% | — |
| Net income | — | 28.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.9% | 42.1% | 42.6% | 45.0% |
| Operating margin | -10.1% | -0.3% | -0.5% | 4.5% |
| Net margin | -10.1% | -2.4% | -2.3% | 1.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.8 | -79.0 | 124.8 | 55.7 | 142.0 | -78.7 | 45.7 | 42.0 | 57.5 | 59.3 |
| Price to sales | 1.9 | 2.5 | 3.0 | 4.1 | 7.4 | 12.4 | 3.0 | 3.4 | 5.2 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Feb 2024.
| FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.00 | 4.50 | 2.50 | 5.20 | 3.20 | 2.60 | 2.20 | 1.60 |
- 5-for-1 split · 31 Oct 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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