Software & consulting company in IT sector. ₹661 Cr market cap, ₹32–39 Cr quarterly revenue, niche player in broader IT services market.
Stock fell 34% in 1 year (PE 18.07); verify if market pricing structural concerns or execution issues
Profit crashed 85% Mar 26 (₹1.82 Cr from ₹12.67 Cr Sep 25) despite stable revenue; check if project-specific or structural
Operating margins volatile 10–76% across recent quarters; drivers and sustainability unclear
Minimal institutional holding (FII 1.04%, DII 1.52%); thin liquidity or signals latent market skepticism
Generated analysis · source review pending
If Mar 26 profit collapse was project-specific, recovery to Dec 25 levels (35–43% OPM) on current ₹39 Cr revenue would significantly grow profits
Jun 26 revenue at ₹39 Cr hit cycle highs; verify if durable demand shift or cyclical uptick
Low leverage (D/E 0.03) enables strategic investment if organic growth requires capital deployment
Generated analysis · source review pending
1,777 historical price candles were omitted because the exchange source has not been verified.
No red flags triggered.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 91.5% | 86.8% |
| EBITDA margin % | 54.3% | 34.6% |
| EBIT margin % | 47.4% | 26.6% |
| PAT margin % | 43.2% | 27.7% |
| Working capital | ||
| Receivable days | 103 | 121 |
| Inventory days | 593 | 241 |
| Payable days | 499 | 244 |
| NWC days | 197 | 118 |
| Leverage | ||
| Current ratio | 2.59 | 2.38 |
| Debt to EBITDA | 0.09 | 0.16 |
| Debt to equity | 0.02 | 0.03 |
| Interest coverage | 14.6 | 10.6 |
| Asset turnover | 0.37 | 0.36 |
| Return ratios | ||
| Return on assets % | 16.1% | 10% |
| Return on capital employed % | 23.9% | 16.8% |
| Return on equity % | 21.2% | 13.4% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Documents link to external sources (exchange filings, company investor pages).
| Holder (%) | Mar 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| 73.23% | 73.23% | 73.23% | 73.23% | 73.22% | 72.65% | 72.65% | 72.65% | |
| 0.14% | 0.14% | 0.37% | 0.65% | 0.84% | 1.11% | 1.18% | 1.04% | |
| 0% | 0% | 0.17% | 0.5% | 0.82% | 1.09% | 1.09% | 1.52% | |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 26.63% | 26.63% | 26.23% | 25.62% | 25.12% | 25.15% | 25.08% | 24.79% | |
| No. of shareholders | — | — | — | — | 2,652 | 2,669 | 2,624 | 2,889 |
Promoter holding down 0.58 percentage points since Mar 2024.
| Person | Deal | Shares | Value | Holding | Filed |
|---|---|---|---|---|---|
| Chandan GargPromoters | BuyPreferential Offer | 1,20,000 | ₹5.17 cr | 71.26% → 71.26% | 9 Sept 20257(2) |
Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 27 Oct 2022 | ANSU INVESTMENT | Bulk | NSE | Sell | 1,00,000 | ₹250.61 | ₹2.51 Cr |
| 27 Oct 2022 | BEELINE BROKING LIMITED | Bulk | NSE | Sell | 90,000 | ₹270.45 | ₹2.43 Cr |
| 8 Aug 2022 | GOENKA BUSINESS & FINANCE LIMITED | Bulk | NSE | Sell | 1,41,000 | ₹293.83 | ₹4.14 Cr |
| 8 Aug 2022 | SAMBHAVNATH INVESTMENTS AND FINANCES PRIVATE LIMITED | Bulk | NSE | Buy | 88,000 | ₹293.52 | ₹2.58 Cr |
| 12 Aug 2021 | GOENKA BUSINESS & FINANCE LIMITED | Bulk | NSE | Buy | 58,000 | ₹170.65 | ₹0.99 Cr |
| 10 Aug 2021 | GOENKA BUSINESS & FINANCE LIMITED | Bulk | NSE | Buy | 83,000 | ₹179.60 | ₹1.49 Cr |
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
No scheme among the 32 fund houses on record reported a position in Innovana Thinklabs Limited. Portfolios are published monthly by each AMC; coverage is still partial.
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Persistent Systems LimitedPERSISTENTPERSISTENT | ₹84,691 Cr | ₹84,691 Cr | ₹15,718 Cr | ₹2,881 Cr | 19% | ₹1,923 Cr | 12.7% | 34.2% | 26.3% | 48 |
| Coforge LimitedCOFORGECOFORGE | ₹80,837 Cr | ₹81,237 Cr | ₹18,152 Cr | ₹3,397 Cr | 17.9% | ₹1,717 Cr | 10.6% | 22.2% | 19.7% | 88 |
| Mphasis LimitedMPHASISMPHASIS | ₹42,956 Cr | ₹44,749 Cr | ₹16,531 Cr | ₹3,071 Cr | 18.8% | ₹1,910 Cr | 11.7% | 24.7% | 18.3% | 58 |
| Hexaware Technologies LimitedHEXTHEXT | ₹29,966 Cr | ₹29,966 Cr | ₹14,420 Cr | ₹2,155 Cr | 14.2% | ₹1,344 Cr | 10.2% | — | — | — |
| Tata Elxsi LimitedTATAELXSITATAELXSI | ₹19,268 Cr | ₹19,268 Cr | ₹3,886 Cr | ₹876 Cr | 22.5% | ₹655 Cr | 16.7% | 29.9% | 21.3% | -54 |
| Fractal Analytics LimitedFRACTALFRACTAL | ₹12,510 Cr | ₹12,796 Cr | ₹3,300 Cr | ₹508 Cr | 15.4% | ₹292 Cr | 8.7% | 15.3% | 11.8% | 61 |
| Rategain Travel Technologies LimitedRATEGAINRATEGAIN | ₹9,953 Cr | ₹10,875 Cr | ₹2,336 Cr | ₹459 Cr | 18.5% | ₹242 Cr | 10.7% | 13.8% | 10.5% | 36 |
| Zensar Technologies LimitedZENSARTECHZENSARTECH | ₹9,881 Cr | ₹9,881 Cr | ₹5,811 Cr | ₹926 Cr | 16.1% | ₹776 Cr | 13.6% | 23% | 17.6% | 31 |
| ASM Technologies LtdASMTECASMTEC | ₹9,641 Cr | ₹9,754 Cr | ₹529 Cr | ₹101 Cr | 19.1% | ₹26 Cr | 11.5% | 33.3% | 25.7% | 202 |
| Intellect Design Arena LimitedINTELLECTINTELLECT | ₹8,566 Cr | ₹8,566 Cr | ₹3,182 Cr | ₹603 Cr | 19.1% | ₹351 Cr | 11.3% | 15.6% | 11.6% | 46 |
| Birlasoft LimitedBSOFTBSOFT | ₹7,542 Cr | ₹7,551 Cr | ₹5,404 Cr | ₹930 Cr | 16.3% | ₹573 Cr | 9.8% | 21.2% | 13.7% | 63 |
| Sonata Software LimitedSONATSOFTWSONATSOFTW | ₹7,124 Cr | ₹7,692 Cr | ₹11,015 Cr | ₹752 Cr | 6.9% | ₹463 Cr | 4.3% | 32.4% | 25.7% | -19 |
Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On June 30,2026
Board Meeting Outcome for Meeting Held On August 13, 2026.
Announcement under Regulation 30 (LODR)-Acquisition
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
| Date | Category | Subject | Filing |
|---|---|---|---|
| 13 Aug 2026, 6:55 pm | Result Financial Results | Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On June 30,2026 | |
| 13 Aug 2026, 6:48 pm | Board Meeting Outcome of Board Meeting | Board Meeting Outcome for Meeting Held On August 13, 2026. |
| 21 Jul 2026, 7:18 pm | Company Update Acquisition | Announcement under Regulation 30 (LODR)-Acquisition |
| 6 Jul 2026, 3:15 pm | Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 | Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2025 | Mar 2026 |
|---|---|---|
| 103 | 132 | |
| COGS | 9 | 17 |
| Gross profit | 95 | 115 |
| 35 | 65 | |
| 59 | 50 | |
| OPM % | 57.3% | 37.5% |
| Depreciation | 7 | 11 |
| Interest | 4 | 5 |
| 10 | 13 | |
| Profit before tax | 58 | 48 |
| Tax | 14 | 11 |
| Tax % | 23.5% | 23.4% |
| 45 | 37 | |
| PAT margin % | 43.2% | 27.7% |
| EPS (₹) | 21.8 | 17.8 |
| EPS adjusted (₹) | 21.8 | 18.5 |
| Annual report | Annual report for Mar 2025 | — |
| ₹ Cr | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity capital | 21 | 21 |
| Reserves | 191 | 252 |
| Minority interest | — | 7 |
| 5 | 8 | |
| 62 | 78 | |
| Total equity & liabilities | 278 | 365 |
| 59 | 23 | |
| CWIP | 4 | 5 |
| Investments | 59 | 80 |
| 157 | 256 | |
| Total assets | 278 | 365 |
| ₹ Cr | Mar 2025 | Mar 2026 |
|---|---|---|
| 35 | 27 | |
| -19 | -53 | |
| -10 | 25 | |
| Net cash flow | 6 | -1 |
| Free cash flow | 26 | 20 |
| CFO / Operating profit % | 62.1% | 58.5% |
As reported in NSE results XBRL. Segment result is before tax and finance costs.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities |
|---|---|---|---|---|
| Software Product Sales | 81.99 | 54.63 | 0 | 0 |
| Astro Services and Games Studio | 38.58 | -4.03 | 0 | 0 |
| Gym and Fitness | 35.9 |
| -1.05 |
| 0 |
| 0 |
| Construction and Infrastructure | 5.08 | 1.71 | 0 | 0 |
| Green Energy | 0 | -0.09 | 0 | 0 |
₹ crore by fiscal year