W 
295.30
+0.14%
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
₹5.70bn
FY2017FY2026
Net income
₹6.4m
FY2017FY2026
Free cash flow
−₹2.23bn
FY2017FY2026
Shareholders' equity
₹4.93bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5.70bn | ₹3.69bn | ₹3.54bn | ₹3.73bn | ₹3.65bn | ₹3.07bn | ₹2.80bn | ₹3.44bn | ₹3.87bn | ₹3.46bn |
| Research and development | — | — | ₹30.4m | ₹36.7m | ₹30.6m | ₹28.9m | ₹29.7m | ₹29.8m | ₹19.6m | ₹26.3m |
| Operating income | ₹99.2m | ₹60.0m | ₹68.2m | ₹141.0m | ₹183.5m | ₹162.1m | −₹82.1m | −₹15.5m | ₹191.6m | ₹282.2m |
| Net income | ₹6.4m | ₹74.2m | −₹77.0m | ₹46.6m | ₹22.5m | ₹108.3m | −₹73.5m | −₹30.3m | ₹120.5m | ₹99.1m |
| Diluted earnings per share | 0.07 | 0.85 | -1.19 | 0.72 | 0.34 | 1.65 | -1.13 | -0.51 | 1.82 | 1.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹8.83bn | ₹10.02bn | ₹5.93bn | ₹5.82bn | ₹5.76bn | ₹5.90bn | ₹5.68bn | ₹6.21bn | ₹6.34bn | ₹6.02bn |
| Cash and short-term investments | ₹338.6m | ₹937.9m | ₹26.8m | ₹73.9m | ₹97.5m | ₹207.5m | ₹91.5m | ₹182.4m | ₹120.9m | ₹177.9m |
| Total liabilities | ₹3.90bn | ₹2.68bn | ₹3.15bn | ₹2.91bn | ₹2.81bn | ₹2.93bn | ₹2.82bn | ₹3.31bn | ₹3.34bn | ₹3.15bn |
| Debt | ₹863.0m | ₹348.5m | ₹358.3m | ₹358.7m | ₹264.8m | ₹463.8m | ₹528.2m | ₹719.1m | ₹834.7m | ₹950.3m |
| Shareholders' equity | ₹4.93bn | ₹7.34bn | ₹2.67bn | ₹2.80bn | ₹2.84bn | ₹2.86bn | ₹2.75bn | ₹2.90bn | ₹2.99bn | ₹2.87bn |
| Shares outstanding | 91m | 87m | 65m | 64m | 67m | 65m | 65m | 60m | 66m | 91m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −₹551.2m | −₹491.1m | ₹464.2m | ₹121.7m | ₹271.3m | ₹368.3m | ₹240.9m | ₹375.8m | ₹227.3m | ₹191.2m |
| Capital spending | −₹1.68bn | −₹3.48bn | −₹270.7m | −₹57.9m | −₹22.7m | −₹10.1m | −₹50.2m | −₹97.4m | −₹106.0m | −₹220.3m |
| Free cash flow | −₹2.23bn | −₹3.97bn | ₹193.5m | ₹63.8m | ₹248.6m | ₹358.2m | ₹190.8m | ₹278.4m | ₹121.4m | −₹29.1m |
| Dividends paid | −₹1.1m | −₹32.7m | −₹64.2m | −₹64.0m | −₹64.1m | −₹160,000 | −₹64.0m | −₹63.9m | −₹47.9m | −₹47.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.49bn | ₹1.85bn | ₹1.36bn | ₹1.37bn | ₹1.13bn | ₹1.21bn | ₹1.08bn | ₹594.1m |
| Operating income | ₹12.3m | ₹55.8m | −₹21.6m | ₹47.8m | ₹32.3m | ₹59.0m | ₹45.2m | −₹189.6m |
| Net income | −₹9.1m | ₹72.4m | −₹38.9m | ₹42.9m | −₹105.4m | −₹41.4m | ₹416.8m | −₹260.4m |
| Diluted earnings per share | -0.10 | 0.80 | -0.45 | 0.49 | -1.21 | -0.48 | 6.42 | -4.01 |
| Cash from operations | — | — | — | −₹376.0m | — | −₹413.0m | — | −₹248.0m |
| Capital spending | — | — | — | −₹819.0m | — | −₹3.48bn | — | — |
| Free cash flow | — | — | — | −₹1.20bn | — | −₹3.89bn | — | — |
| Total assets | — | ₹8.83bn | — | ₹10.12bn | — | ₹10.02bn | — | ₹5.37bn |
| Cash and short-term investments | ₹338.6m | ₹338.6m | ₹53.7m | ₹53.7m | ₹937.9m | ₹937.9m | ₹51.6m | ₹51.6m |
| Debt | — | ₹822.5m | — | ₹395.8m | — | ₹140.4m | — | ₹106.9m |
| Shareholders' equity | ₹4.93bn | ₹4.93bn | ₹7.28bn | ₹7.28bn | ₹7.34bn | ₹7.34bn | ₹2.31bn | ₹2.31bn |
Financial ratios
Data as of 25 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 1.7% | 1.6% | 1.9% | 3.8% | 5.0% | 5.3% | — | — |
| Net margin | 0.1% | 2.0% | -2.2% | 1.2% | 0.6% | 3.5% | — | — |
| Return on equity | 0.1% | 1.0% | -2.9% | 1.7% | 0.8% | 3.8% | — | — |
| Return on assets | 0.1% | 0.7% | -1.3% | 0.8% | 0.4% | 1.8% | — | — |
| Free cash flow yield | 4.2% | 11.5% | 3.8% | 0.9% | 1.5% | 1.9% | — | — |
| Revenue growth | 54.7% | 4.2% | -5.2% | 2.2% | 19.0% | 9.7% | — | — |
| Earnings growth | -91.3% | -196.4% | -265.2% | 106.6% | -79.2% | -247.4% | — | — |
| Current ratio | 1.28x | 1.78x | 0.78x | 0.83x | 0.75x | 0.70x | — | — |
| Debt to equity | 0.17x | 0.02x | 0.13x | 0.13x | 0.09x | 0.16x | — | — |
| Equity ratio | 55.8% | 73.3% | 45.0% | 48.2% | 49.3% | 48.5% | — | — |
| Interest coverage | 1.94x | 0.75x | 0.45x | 1.29x | 1.64x | 1.52x | — | — |
| R&D as a share of sales | — | — | 0.9% | 1.0% | 0.8% | 0.9% | 1.1% | 0.9% |
| Buybacks as a share of market value | -4.5% | -34.1% | -0.8% | 3.4% | -1.8% | -0.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.2% | 13.2% | 6.3% |
| Operating income | -11.1% | -9.4% | -2.3% |
| Net income | -48.3% | -43.2% | -15.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.7% | 2.2% | 3.1% | 3.0% |
| Net margin | 0.9% | 0.3% | 0.8% | 0.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | 316.7 | -300.5 | 117.9 | 132.6 | 23.3 | -15.6 | -35.5 | 38.7 | 101.6 |
| Price to sales | 4.6 | 6.4 | 6.5 | 1.5 | 0.8 | 0.8 | 0.4 | 0.3 | 1.2 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Aug 2024.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.75 |
- 2-for-1 split · 16 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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