Innovana Thinklabs Share Price & Earnings Call Analysis

₹283.40-1.99% today
Market cap
₹586 Cr
P/E
19.00
ROE
14.96%
PEG
1.23
Price to sales
4.20
Debt to equity
0.21
52W high / low
₹496 / ₹277
Sales growth (5Y)
18.51%
EBITDA margin
26.23%
Net profit margin
25.83%
Promoter holding
72.65%
Sales (last year)
₹139 Cr

Incorporated in 2015, Innovana Thinklabs Ltd is in the business of Software development[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

  1. 2
  2. Strong growth
    1
  3. CapitalNumbersGood growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Software companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹552 Cr33.7
240%+Flat₹327 Cr7.1
3CapitalNumbers20–40%Up 2%+₹180 Cr9.2
420–40%Up 2%+₹142 Cr10.2
520–40%Up 0–2%₹1,703 Cr26.6
620–40%Flat₹4,000 Cr78.1

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Financials of Innovana Thinklabs

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Innovana Thinklabs

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +26.1927.8025.4725.7921.7425.1222.8528.9226.5932.0932.7234.8932.60
Expenses +15.1114.4314.0413.1814.2712.7610.5512.3211.6516.0118.5022.6429.44
Operating Profit11.0813.3711.4312.617.4712.3612.3016.6014.9416.0814.2212.253.16
OPM %42.31%48.09%44.88%48.89%34.36%49.20%53.83%57.40%56.19%50.11%43.46%35.11%9.69%
Other Income +1.451.864.234.004.322.674.911.061.732.824.403.482.57
Interest0.320.350.370.520.570.601.111.301.070.880.951.691.07
Depreciation1.020.971.001.151.351.252.131.831.952.352.363.092.73
Profit before tax11.1913.9114.2914.949.8713.1813.9714.5313.6515.6715.3110.951.93
Tax %10.37%27.17%21.48%23.76%12.06%27.09%26.06%23.68%22.27%21.95%22.66%26.39%70.98%
Net Profit +9.9610.0211.0911.308.8410.3211.0411.8311.5113.1212.668.971.82
EPS in Rs4.864.895.415.514.174.955.325.705.566.326.194.631.42

Financials of Innovana Thinklabs

Profit & Loss

Annual income statement trend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +16314564575879101103132
Expenses +14203140403248564787
Operating Profit1111424162631455646
OPM %8%36%31%38%28%45%39%45%54%35%
Other Income +0013447141013
Interest0000011245
Depreciation00111344711
Profit before tax1111426192633535544
Tax %38%29%24%16%18%18%16%22%25%25%
Net Profit +181122162127414537
EPS in Rs7.203.695.2010.617.5910.1413.1219.9821.5318.46
Dividend Payout %0%0%0%0%8%7%2%0%0%0%

Financials of Innovana Thinklabs

Balance Sheet

Capital structure and asset base

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.204410101020202021
Reserves1142540567691143185252
Borrowings +201111512234458
Other Liabilities +3124372705748232835
Total Liabilities63072122137158171209278365
Fixed Assets +191312142827305984
CWIP40000025125
Investments022846414139495980
Other Assets +21931648388103124148195
Total Assets63072122137158171209278365

Financials of Innovana Thinklabs

Cash Flows

Operating, investing and financing cash movement

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +26393715-4403527
Cash from Investing Activity +-4-7-30-19-8-14-47-15-19-53
Cash from Financing Activity +2706123-516-1025
Net Cash Flow-0592485-4816-1
Free Cash Flow-2-2211919-200-111914
CFO/OP143%54%302%182%122%10%38%21%76%85%

Financials of Innovana Thinklabs

Ratios

Working capital efficiency and return ratios

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days00001134248103121
Inventory Days0000172241
Days Payable589244
Cash Conversion Cycle0000-415134248103118
Working Capital Days-367-221-277-244-243-6978124109
ROCE %100%58%63%31%31%26%32%26%16%
9out of 100

Momentum score · price trend

9 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−40.0%11%
Last 6 months−27.5%10%
Last 3 months−10.2%44%

The price is 62.1% below its all-time high of ₹763.75 (25 Aug 2023). Stocks more than 20% below their peak have their score halved, so 17 became 9.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Innovana Thinklabs: 0.4 × 11 + 0.4 × 10 + 0.2 × 44 = 17, halved to 9 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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