Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 25.47 | 25.79 | 21.74 | 25.12 | 22.85 | 28.92 | 26.59 | 32.09 | 32.72 | 34.89 | 32.60 | 38.97 |
| Expenses | 14.04 | 13.18 | 14.27 | 12.76 | 10.55 | 12.32 | 11.65 | 16.01 | 18.50 | 22.64 | 29.44 | 32.10 |
| Operating Profit | 11.43 | 12.61 | 7.47 | 12.36 | 12.30 | 16.60 | 14.94 | 16.08 | 14.22 | 12.25 | 3.16 | 6.87 |
| OPM % | 44.88% | 48.89% | 34.36% | 49.20% | 53.83% | 57.40% | 56.19% | 50.11% | 43.46% | 35.11% | 9.69% | 17.63% |
| Other Income | 4.23 | 4.00 | 4.32 | 2.67 | 4.91 | 1.06 | 1.73 | 2.82 | 4.40 | 3.48 | 2.57 | 3.74 |
| Interest | 0.37 | 0.52 | 0.57 | 0.60 | 1.11 | 1.30 | 1.07 | 0.88 | 0.95 | 1.69 | 1.07 | 1.74 |
| Depreciation | 1.00 | 1.15 | 1.35 | 1.25 | 2.13 | 1.83 | 1.95 | 2.35 | 2.36 | 3.09 | 2.73 | 2.19 |
| Profit before tax | 14.29 | 14.94 | 9.87 | 13.18 | 13.97 | 14.53 | 13.65 | 15.67 | 15.31 | 10.95 | 1.93 | 6.68 |
| Tax % | 21.48% | 23.76% | 12.06% | 27.09% | 26.06% | 23.68% | 22.27% | 21.95% | 22.66% | 26.39% | 70.98% | 30.99% |
| Net Profit | 11.09 | 11.30 | 8.84 | 10.32 | 11.04 | 11.83 | 11.51 | 13.12 | 12.66 | 8.97 | 1.82 | 5.53 |
| EPS in Rs | 5.41 | 5.51 | 4.17 | 4.95 | 5.32 | 5.70 | 5.56 | 6.32 | 6.19 | 4.63 | 1.42 | 2.72 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16 | 31 | 45 | 64 | 57 | 58 | 79 | 101 | 103 | 132 | 139 |
| Expenses | 14 | 20 | 31 | 40 | 40 | 32 | 48 | 56 | 47 | 86 | 103 |
| Operating Profit | 1 | 11 | 14 | 24 | 16 | 26 | 31 | 45 | 56 | 46 | 36 |
| OPM % | 8% | 36% | 31% | 38% | 28% | 45% | 39% | 45% | 54% | 35% | 26% |
| Other Income | 0 | 0 | 1 | 3 | 4 | 4 | 7 | 14 | 10 | 13 | 14 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 4 | 5 | 5 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 3 | 4 | 4 | 7 | 11 | 10 |
| Profit before tax | 1 | 11 | 14 | 26 | 19 | 26 | 33 | 53 | 55 | 44 | 35 |
| Tax % | 38% | 29% | 24% | 16% | 18% | 18% | 16% | 22% | 25% | 25% | |
| Net Profit | 1 | 8 | 11 | 22 | 16 | 21 | 27 | 41 | 45 | 37 | 29 |
| EPS in Rs | 7.20 | 3.69 | 5.20 | 10.61 | 7.59 | 10.14 | 13.12 | 19.98 | 21.53 | 18.46 | 14.96 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 8% | 7% | 2% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 19% | 19% | 26% | ||
| Compounded Profit Growth | % | 19% | 15% | -34% | ||
| Stock Price CAGR | % | 31% | -22% | -40% | ||
| Return on Equity | 24% | 21% | 20% | 15% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 4 | 4 | 10 | 10 | 10 | 20 | 20 | 20 | 21 |
| Reserves | 1 | 14 | 25 | 40 | 56 | 76 | 91 | 143 | 185 | 252 |
| Borrowings | 2 | 0 | 1 | 1 | 1 | 15 | 12 | 23 | 44 | 58 |
| Other Liabilities | 3 | 12 | 43 | 72 | 70 | 57 | 48 | 23 | 28 | 33 |
| Total Liabilities | 6 | 30 | 72 | 122 | 137 | 158 | 171 | 209 | 278 | 364 |
| Fixed Assets | 1 | 9 | 13 | 12 | 14 | 28 | 27 | 30 | 59 | 69 |
| CWIP | 4 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 12 | 20 |
| Investments | 0 | 2 | 28 | 46 | 41 | 41 | 39 | 49 | 59 | 80 |
| Other Assets | 2 | 19 | 31 | 64 | 83 | 88 | 103 | 124 | 148 | 194 |
| Total Assets | 6 | 30 | 72 | 122 | 137 | 158 | 171 | 209 | 278 | 364 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | 6 | 39 | 37 | 15 | -4 | 4 | 0 | 39 | 27 |
| Cash from Investing Activity | -4 | -7 | -30 | -19 | -8 | -14 | -47 | -15 | -23 | -53 |
| Cash from Financing Activity | 2 | 7 | 0 | 6 | 1 | 23 | -5 | 16 | -10 | 25 |
| Net Cash Flow | -0 | 5 | 9 | 24 | 8 | 5 | -48 | 1 | 6 | -1 |
| Free Cash Flow | -2 | -2 | 21 | 19 | 19 | -20 | 0 | -11 | 23 | 14 |
| CFO/OP | 143% | 54% | 302% | 182% | 122% | 10% | 38% | 21% | 88% | 84% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 1 | 13 | 42 | 48 | 103 | 121 |
| Inventory Days | 0 | 0 | 0 | 0 | 172 | |||||
| Days Payable | 589 | |||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | -415 | 13 | 42 | 48 | 103 | 121 |
| Working Capital Days | -36 | 7 | -221 | -277 | -244 | -243 | -69 | 78 | 124 | 109 |
| ROCE % | 100% | 58% | 63% | 31% | 31% | 26% | 32% | 26% | 16% |
| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.19% | 73.19% | 73.23% | 73.23% | 73.23% | 73.23% | 73.23% | 73.23% | 73.22% | 72.65% | 72.65% | 72.65% |
| FIIs | 0.10% | 0.06% | 0.13% | 0.14% | 0.33% | 0.14% | 0.37% | 0.65% | 0.84% | 1.11% | 1.18% | 1.04% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 0.50% | 0.82% | 1.09% | 1.09% | 1.51% |
| Public | 26.71% | 26.75% | 26.64% | 26.63% | 26.43% | 26.63% | 26.22% | 25.61% | 25.13% | 25.15% | 25.08% | 24.79% |
| No. of Shareholders | 280 | 328 | 482 | 1,073 | 1,107 | 1,498 | 1,943 | 2,157 | 2,652 | 2,669 | 2,624 | 2,889 |
Fundamentals
Market Cap₹ 601 Cr.
Current Price₹ 292
Stock P/E19.5
Book Value₹ 132
ROCE15.8 %
ROE15.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)26%
Compounded Profit Growth (TTM)-34%
Consolidated figures.
Valuation
Market capRs 600 Cr
Enterprise valueRs 646 Cr
P/E (TTM)19.46x
Price to book2.20x
Price to sales4.31x
EV / EBITDA12.75x
EV / EBIT16.03x
EV / sales4.64x
Price to cash flow22.40x
Earnings yield5.14%
P/E, 3-year average19.42x
P/B, 3-year average4.06x
P/E, 5-year average18.64x
P/B, 5-year average4.12x
Profitability
Operating margin (excl. other income)34.63%
Operating margin (incl. other income)44.66%
EBITDA margin36.42%
Pre-tax margin25.05%
Net profit margin22.14%
Net margin, latest quarter14.42%
ROE15.96%
ROCE16.74%
ROA11.90%
ROE, 3-year average23.25%
ROCE, 3-year average26.48%
ROA, 3-year average17.21%
ROE, 5-year average24.85%
ROCE, 5-year average28.46%
ROA, 5-year average16.42%
ROIC (approx.)9.42%
Tax rate25.47%
Other income / net worth4.87%
Growth
Sales growth (latest year)27.86%
Profit growth (latest year)-13.59%
Sales CAGR, 3 years18.66%
Sales CAGR, 5 years18.51%
Profit CAGR, 3 years12.34%
Profit CAGR, 5 years19.65%
Sales growth QoQ19.54%
Profit growth QoQ91.16%
Sales growth YoY (latest quarter)21.44%
Profit growth YoY (latest quarter)-56.60%
Per share
EPS (TTM)Rs 14.91
EPS (latest year)Rs 18.46
EPS (latest quarter)Rs 2.72
EPS, 3-year averageRs 19.99
EPS, 5-year averageRs 18.68
Book value per shareRs 131.87
Sales per shareRs 67.37
Cash flow per shareRs 12.95
Free cash flow per shareRs 6.78
Dividend per share, 5-year averageRs 0.88
Dividends
Dividend payout, 5-year average4.65%
Efficiency
Asset turnover0.36x
Fixed asset turnover1.92x
Inventory turnover2.47x
Inventory days148 days
Debtor days121 days
Debtors turnover3.02x
Creditor days589 days
Cash conversion cycle121 days
Working capital days109 days
Leverage
Total debtRs 58 Cr
Cash and bankRs 11 Cr
Net debtRs 47 Cr
Debt to equity0.21x
Net debt / EBITDA0.92x
Interest coverage7.40x
Owners' fund to total sources74.92%
Debt to assets15.93%
Cash flow
Cash from Operating Activity (latest year)Rs 27 Cr
Cash from Investing Activity (latest year)Rs -53 Cr
Cash from Financing Activity (latest year)Rs 25 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 14 Cr
FCFE (approx.: FCF + change in debt)Rs 28 Cr
Cash from ops / profit, 5 years0.39x
Sales to cash flow4.94x
Statement figures
Net sales (TTM)Rs 139 Cr
Net sales (latest year)Rs 132 Cr
Sales (latest quarter)Rs 39 Cr
Operating profit excl. other income (latest year)Rs 46 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 51 Cr
PBDT (TTM)Rs 45 Cr
Profit before tax (TTM)Rs 35 Cr
Tax (latest year)Rs 11 Cr
Net profit (TTM)Rs 31 Cr
Net profit (latest year)Rs 38 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 10 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 29 Cr
Total expenditure (latest year)Rs 86 Cr
Total income (latest year)Rs 146 Cr
Share capitalRs 21 Cr
ReservesRs 252 Cr
Shareholders' fundsRs 272 Cr
Total assetsRs 364 Cr
Net blockRs 69 Cr
Capital work in progressRs 20 Cr
InvestmentsRs 80 Cr
ReceivablesRs 44 Cr
InventoryRs 12 Cr
Other liabilitiesRs 33 Cr
Shares outstanding (crore)2.07
Ownership
Promoter holding72.65% (-0.58 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 19.5 is at the 28th percentile of its own 8.4-year range
(median 26.1, low 7.0, high 113.5).
P/B 2.20 is the lowest in 8.4 years (median 6.78).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | INNOVANA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.9% | -2.8% | -0.1 pts |
| 1 month | -3.3% | -6.8% | +3.5 pts |
| 3 months | -10.9% | -7.6% | -3.3 pts |
| 6 months | -9.9% | +0.4% | -10.3 pts |
| 1 year | -42.9% | -9.9% | -33.0 pts |
| 2 years | -38.0% | -13.6% | -24.5 pts |
| 3 years | -52.0% | +14.2% | -66.2 pts |
| 5 years | +82.5% | +27.9% | +54.6 pts |
Red flags
F-score 3 of 8| explain | Debt up, profit down Borrowings up 31% while net profit fell in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹39 Cr +21.4% vs Jun 2025.
Net profit ₹6 Cr -57.9%.
Against our estimate for Jun 2026: sales -0.2%, profit -56.0% miss. Our estimate for Sep 2026: sales Rs 40 Cr, profit Rs 8 Cr (how).
Activity
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| KPIT Technologies Ltd | 14,247 | 22.8 | 26.3 % |
| IDream Film Infrastructure Company Ltd | 13,309 | % | |
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No bulk or block deals on record.
No corporate actions on record.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Innovana Thinklabs Ltd?
Innovana Thinklabs Ltd (INNOVANA) has a market capitalisation of Rs 601 Cr. at the 2026-10-01 close.
What is the P/E ratio of Innovana Thinklabs Ltd?
Innovana Thinklabs Ltd trades at a P/E of 19.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were Innovana Thinklabs Ltd's latest quarterly results?
In the Jun 2026 quarter, Innovana Thinklabs Ltd sales was Rs 39 Cr (+21.4% vs Jun 2025) and net profit was Rs 6 Cr.
What is the 52-week high and low of Innovana Thinklabs Ltd?
The 52-week high is Rs 524.95 and the 52-week low is Rs 283.10.