Innovana Thinklabs Ltd
NSE: INNOVANA BSE: 544302IT / Software
Innovana Thinklabs Ltd (INNOVANA) is a IT / Software company listed on NSE: INNOVANA | BSE: 544302. With a market cap of ₹768 Cr and ROCE of 32.4%, ROE of 25%, it operates in the Indian IT / Software sector.
₹372
52W: ₹315 — ₹650
PE 24.4 · Book ₹79.6 · +367% vs bookMarket Cap₹768 Cr
Stock P/E24.4Price to Earnings
ROCE32.4%Return on Capital
ROE25%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Company has delivered good profit growth of 21.9% CAGR over last 5 years
- +Company has a good return on equity (ROE) track record: 3 Years ROE 28.1%
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −The company has delivered a poor sales growth of 1.22% over past five years.
- −Debtor days have increased from 84.6 to 144 days.
- −Working capital days have increased from 165 days to 245 days
Shareholding Pattern
Promoters72.65%
FIIs1.18%
DIIs1.09%
Public25.08%
| Category | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 73.23% | 73.23% | 73.23% | 73.23% | 73.23% | 73.22%▼0.0 | 72.65%▼0.6 | 72.65% |
| FIIs | 0.14% | 0.33%▲0.2 | 0.14%▼0.2 | 0.37%▲0.2 | 0.65%▲0.3 | 0.84%▲0.2 | 1.11%▲0.3 | 1.18%▲0.1 |
| DIIs | 0% | 0% | 0% | 0.17%▲0.2 | 0.5%▲0.3 | 0.82%▲0.3 | 1.09%▲0.3 | 1.09% |
| Public | 26.63% | 26.43%▼0.2 | 26.63%▲0.2 | 26.22%▼0.4 | 25.61%▼0.6 | 25.13%▼0.5 | 25.15%▲0.0 | 25.08%▼0.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.02 | 12.17 | 5.7 | 12.69 | 8.69 | 11.11 | 10.78 | 11.77 | 10.83 | 12.67 |
| Expenses | 5.52 | 3.91 | 3.28 | 2.53 | 2.31 | 2.14 | 3.1 | 2.29 | 2.62 | 3.04 |
| Operating Profit | 8.5 | 8.26 | 2.42 | 10.16 | 6.38 | 8.97 | 7.68 | 9.48 | 8.21 | 9.63 |
| OPM % | 60.63% | 67.87% | 42.46% | 80.06% | 73.42% | 80.74% | 71.24% | 80.54% | 75.81% | 76.01% |
| Net Profit | 8.45 | 8.43 | 3.8 | 8.77 | 7.34 | 7.03 | 6.43 | 7.98 | 9.1 | 7.96 |
| EPS ₹ | 4.12 | 4.11 | 1.85 | 4.28 | 3.58 | 3.43 | 3.14 | 3.89 | 4.44 | 3.85 |
AI Insights
Revenue Trend
TTM revenue at ₹46Cr, up 7% YoY. OPM at 76%.
Debt Position
Borrowings at ₹4Cr. Debt-to-equity ratio: 0.03x. Healthy balance sheet.
Capex Cycle
CWIP at ₹4Cr (17% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 1.09% (+0.99pp change). FIIs: 1.18% (+1.18pp change). Promoters hold 72.65%.
Margin & Efficiency
ROCE improving from 0% (Mar 2016) to 32% (Mar 2025). Working capital days: 245.
Valuation
PE 24.4x with 32.4% ROCE. Price is 367% above book value of ₹79.6. Dividend yield: 0%.
Recent Announcements
- Board Meeting Intimation for Meeting Scheduled To Be Held On Wednesday, May 20,2026 14 May - Board meeting on May 20, 2026 to approve audited Q4 and FY2026 standalone and consolidated results.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 3 Apr - Postal ballot resolutions passed on April 3, 2026 to raise borrowing, create charges, give guarantees and enhance limits.
- Closure of Trading Window 27 Mar
- Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Mar - Newspaper Publication for Notice of Postal Ballot published in Business Remedies (in Hindi and English) on March 05, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from nse
- Financial Year 2023 from nse