INNOVANA

Innovana Thinklabs Limited

Software products and services, astro services, gym and fitness, and green energy businesses

Information Technology›Information Technology›IT - Software›Computers - Software & Consulting

innovanathinklabs.com

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Key metrics

Price as of 2026-10-16

Stock price

₹297.15

Market cap

614 Cr

Stock P/E

19.9

P/B

2.25

ROE (FY26)

13.7%

ROCE (FY26)

18.2%

Operating margin (FY26)

26.6%

Debt / equity (FY26)

0.03

OCF / EBITDA (FY26)

58.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Innovana Thinklabs, a Jaipur-based company, sells software products and, through its group, also runs gym and fitness, construction and infrastructure, astro services with a game studio, and green energy businesses.

Company snapshot

33rdBy market cap

Ranked among 50 companies in Computers - Software & Consulting.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 59.1% of revenue

Segment	Revenue share	Revenue	PBT
a) Software Product Sales	59.1%	17 Cr	12 Cr
b) Gym and Fitness	26.8%	8 Cr	2 Cr
c) Construction and Infrastructure	2.0%	0.58 Cr	0.26 Cr
d) Game Studio and Astro Services	18.9%	5 Cr	2 Cr

Shares add up to 107% because segment revenues are before inter-segment eliminations.

What we see

Positives

✓Net margin of 27.7% — the business keeps a healthy share of every rupee it earns.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	29 Cr	27 Cr	32 Cr	33 Cr	35 Cr	33 Cr	39 Cr
Operating expenses (approx.)	12 Cr	12 Cr	16 Cr	18 Cr	23 Cr	29 Cr	32 Cr
EBITDA	17 Cr	15 Cr	16 Cr	14 Cr	12 Cr	3 Cr	7 Cr
OPM %	57.4%	56.2%	50.1%	43.5%	35.1%	9.7%	17.6%
Other income	1 Cr	2 Cr	3 Cr	4 Cr	3 Cr	3 Cr	4 Cr
Interest	1 Cr	1 Cr	0.88 Cr	0.95 Cr	2 Cr	1 Cr	2 Cr
Depreciation	2 Cr	2 Cr	2 Cr	2 Cr	3 Cr	3 Cr	2 Cr
Profit before tax	15 Cr	15 Cr	17 Cr	16 Cr	12 Cr	3 Cr	8 Cr
Tax %	22.6%	20.9%	20.8%	21.5%	24.4%	42.9%	27.1%
Net profit	12 Cr	12 Cr	13 Cr	13 Cr	9 Cr	2 Cr	6 Cr
EPS (₹)	₹5.77	₹5.61	₹6.40	₹6.18	₹4.35	₹0.88	₹2.68

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2025	Mar 2026	TTM
Sales	103 Cr	132 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	47 Cr	87 Cr	Sign in free for the trailing twelve months
EBITDA	56 Cr	46 Cr	Sign in free for the trailing twelve months
OPM %	54.3%	34.6%	Sign in free for the trailing twelve months
Other income	10 Cr	13 Cr	Sign in free for the trailing twelve months
Interest	4 Cr	5 Cr	Sign in free for the trailing twelve months
Depreciation	7 Cr	11 Cr	Sign in free for the trailing twelve months
Profit before tax	58 Cr	48 Cr	Sign in free for the trailing twelve months
Tax %	23.5%	23.4%	Sign in free for the trailing twelve months
Net profit	45 Cr	37 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹21.81	₹17.78	Sign in free for the trailing twelve months
Dividend payout %	0.0%	0.0%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2025	Mar 2026
Equity capital	21 Cr	21 Cr
Reserves	191 Cr	252 Cr
Borrowings	5 Cr	8 Cr
Other liabilities	62 Cr	78 Cr
Total liabilities	278 Cr	365 Cr
Fixed assets (net)	58 Cr	23 Cr
CWIP	4 Cr	5 Cr
Investments	59 Cr	80 Cr
Loans & advances	12 Cr	8 Cr
Inventories	14 Cr	12 Cr
Trade receivables	29 Cr	44 Cr
Cash & bank	11 Cr	10 Cr
Other assets	92 Cr	184 Cr
Total assets	278 Cr	365 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2025	Mar 2026
Cash from operating activity	35 Cr	27 Cr
Cash from investing	-19 Cr	-53 Cr
Cash from financing	-10 Cr	25 Cr
Net cash flow	6 Cr	-0.80 Cr
Free cash flow (OCF − Capex)	19 Cr	14 Cr

Ratios

Metric	Mar 2025	Mar 2026
ROCE %	28.9%	18.2%
ROE %	21.2%	13.7%
Debtor days	103	120
Inventory days	586	271
Days payable	494	275
Cash conversion cycle	195	117
OCF / EBITDA %	62.1%	58.5%
Debt / equity	0.02	0.03
Current ratio	2.59	2.38
Net debt / EBITDA	-0.10	-0.04