3,408.20
-1.16%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹8.30bn
FY2017FY2026
Net income
₹252.6m
FY2017FY2026
Free cash flow
₹154.2m
FY2017FY2026
Shareholders' equity
₹4.44bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹8.30bn | ₹6.68bn | ₹5.94bn | ₹6.68bn | ₹6.08bn | ₹3.58bn | ₹2.97bn | ₹3.36bn | ₹2.49bn | ₹1.95bn |
| Research and development | ₹19.7m | ₹5.6m | ₹3.7m | ₹6.0m | ₹8.0m | ₹4.3m | ₹6.0m | ₹4.4m | ₹2.6m | ₹511,000 |
| Operating income | ₹884.0m | ₹667.8m | ₹915.9m | ₹954.3m | ₹744.7m | ₹370.6m | ₹293.9m | ₹290.4m | ₹219.4m | ₹168.6m |
| Net income | ₹252.6m | ₹61.1m | ₹579.4m | ₹678.7m | ₹522.9m | ₹214.8m | ₹120.4m | ₹118.9m | ₹79.7m | ₹36.7m |
| Diluted earnings per share | 20.95 | 5.07 | 50.87 | 65.01 | 44.99 | 19.41 | 11.05 | 10.91 | 7.31 | 3.37 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹11.55bn | ₹10.94bn | ₹9.93bn | ₹6.50bn | ₹4.83bn | ₹3.05bn | ₹2.78bn | ₹2.52bn | ₹2.32bn | ₹1.78bn |
| Cash and short-term investments | ₹180.2m | ₹284.3m | ₹988,000 | ₹5.2m | ₹2.2m | ₹6.5m | ₹5.2m | ₹75.3m | ₹4.5m | ₹8.2m |
| Total liabilities | ₹7.11bn | ₹6.74bn | ₹6.98bn | ₹4.12bn | ₹3.10bn | ₹2.26bn | ₹2.20bn | ₹2.07bn | ₹1.98bn | ₹1.61bn |
| Debt | ₹5.58bn | ₹5.83bn | ₹5.79bn | ₹3.24bn | ₹1.79bn | ₹1.64bn | ₹1.72bn | ₹1.53bn | ₹1.53bn | ₹1.32bn |
| Shareholders' equity | ₹4.44bn | ₹4.20bn | ₹2.95bn | ₹2.38bn | ₹1.73bn | ₹789.3m | ₹575.1m | ₹455.5m | ₹338.7m | ₹173.0m |
| Shares outstanding | 12m | 12m | 11m | 10m | 12m | 11m | 11m | 11m | 11m | 11m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹892.5m | −₹419.7m | ₹901.9m | ₹125.2m | ₹161.6m | ₹346.3m | ₹305.2m | ₹541.8m | −₹52.4m | ₹204.1m |
| Capital spending | −₹738.4m | −₹34.4m | −₹3.37bn | −₹1.54bn | −₹605.9m | −₹139.9m | −₹300.0m | −₹340.9m | −₹171.6m | −₹89.6m |
| Free cash flow | ₹154.2m | −₹454.1m | −₹2.47bn | −₹1.41bn | −₹444.4m | ₹206.3m | ₹5.3m | ₹200.8m | −₹224.0m | ₹114.6m |
| Dividends paid | −₹6.0m | −₹5.7m | −₹5.7m | −₹5.7m | −₹5.5m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.08bn | ₹2.46bn | ₹2.02bn | ₹1.83bn | ₹1.99bn | ₹1.83bn | ₹1.49bn | ₹1.64bn |
| Operating income | ₹589.5m | ₹303.2m | ₹191.4m | ₹198.1m | ₹203.1m | ₹211.7m | ₹138.7m | ₹156.8m |
| Net income | ₹360.5m | ₹122.6m | ₹45.0m | ₹48.6m | ₹36.4m | ₹50.3m | −₹8.2m | ₹43.6m |
| Diluted earnings per share | 29.90 | 10.17 | 3.73 | 4.03 | 3.02 | 4.17 | -0.72 | 3.83 |
| Cash from operations | — | — | — | ₹617.0m | — | — | — | — |
| Capital spending | — | — | — | −₹419.0m | — | — | — | — |
| Free cash flow | — | — | — | ₹198.0m | — | — | — | — |
| Total assets | — | ₹11.55bn | — | ₹11.30bn | — | ₹10.94bn | — | ₹10.70bn |
| Cash and short-term investments | ₹35.2m | ₹180.2m | ₹168.7m | ₹168.7m | ₹284.3m | ₹284.3m | ₹177.5m | ₹177.5m |
| Debt | — | ₹5.51bn | — | ₹5.84bn | — | ₹5.70bn | — | ₹6.20bn |
| Shareholders' equity | ₹4.44bn | ₹4.44bn | ₹4.28bn | ₹4.28bn | ₹4.20bn | ₹4.20bn | ₹2.97bn | ₹2.97bn |
Financial ratios
Data as of 29 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 10.7% | 10.0% | 15.4% | 14.3% | 12.2% | 13.2% |
| Net margin | 3.0% | 0.9% | 9.8% | 10.2% | 8.6% | 6.0% |
| Return on equity | 5.7% | 1.5% | 19.7% | 28.5% | 30.2% | 27.2% |
| Return on assets | 2.2% | 0.6% | 5.8% | 10.4% | 10.8% | 7.0% |
| Free cash flow yield | 3.3% | -0.8% | 9.2% | 3.9% | 1.6% | 1.1% |
| Revenue growth | 24.2% | 12.6% | -11.2% | 9.9% | 70.1% | 20.3% |
| Earnings growth | 313.4% | -89.5% | -14.6% | 29.8% | 143.4% | 78.3% |
| Current ratio | 1.37x | 1.39x | 1.08x | 1.43x | 1.29x | 1.12x |
| Debt to equity | 1.24x | 1.36x | 1.89x | 1.33x | 1.02x | 1.37x |
| Equity ratio | 38.4% | 38.4% | 29.7% | 36.6% | 35.8% | 25.9% |
| Interest coverage | 1.59x | 1.13x | 6.16x | 6.13x | 5.40x | 2.87x |
| R&D as a share of sales | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.0% | -5.9% | -9.1% | 10.2% | -5.0% | -1.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.5% | 18.3% | 16.5% |
| Operating income | -2.5% | 19.0% | 19.5% |
| Net income | -28.1% | 3.3% | 32.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.4% | 12.4% | 12.2% | 11.4% |
| Net margin | 2.1% | 5.7% | 6.2% | 5.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | 160.9 | 280.2 | 38.9 | 25.1 |
| Price to sales | 4.9 | 2.6 | 3.8 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 2 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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