Canarys Automations Ltd
Incorporated in 1991, Canarys Automations
Ltd is in the business of software & hardware development, consultancy services, electronic equipments, and handling water management system turnkey projects[1]
- Market Cap ₹ 115 Cr.
- Current Price ₹ 19.5
- High / Low ₹ 36.9 / 14.6
- Stock P/E 9.73
- Book Value ₹ 17.3
- Dividend Yield 0.00 %
- ROCE 17.0 %
- ROE 12.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.12 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.4% over last 3 years.
- Company has high debtors of 269 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Software Computers - Software & Consulting
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 18 | 25 | 52 | 74 | 74 | 86 | 100 | |
| 16 | 22 | 46 | 61 | 63 | 75 | 85 | |
| Operating Profit | 2 | 3 | 6 | 13 | 11 | 11 | 15 |
| OPM % | 9% | 13% | 12% | 17% | 15% | 13% | 15% |
| 0 | 0 | 0 | 1 | 1 | 1 | -1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 3 | 6 | 13 | 12 | 12 | 13 |
| Tax % | 29% | 26% | 25% | 26% | 24% | 26% | 26% |
| 1 | 2 | 4 | 9 | 9 | 9 | 10 | |
| EPS in Rs | 1.56 | 1.54 | 1.70 | ||||
| Dividend Payout % | 0% | 0% | 6% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 11% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 7% |
| TTM: | 34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 13% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 4 | 4 | 11 | 11 | 12 |
| Reserves | 3 | 5 | 7 | 16 | 60 | 75 | 90 |
| 0 | 5 | 6 | 9 | 7 | 5 | 2 | |
| 6 | 7 | 26 | 24 | 24 | 24 | 23 | |
| Total Liabilities | 10 | 20 | 43 | 53 | 102 | 116 | 127 |
| 1 | 1 | 1 | 1 | 1 | 1 | 12 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 5 | 0 |
| Investments | 0 | 1 | 0 | 1 | 1 | 1 | 23 |
| 9 | 18 | 42 | 50 | 98 | 108 | 91 | |
| Total Assets | 10 | 20 | 43 | 53 | 102 | 116 | 127 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 4 | 5 | 2 | -5 | -15 | 3 | 5 | |
| -4 | -8 | 0 | -1 | -2 | -2 | -28 | |
| 0 | 5 | 1 | 2 | 39 | 3 | 1 | |
| Net Cash Flow | -0 | 2 | 3 | -4 | 23 | 4 | -22 |
| Free Cash Flow | 3 | 5 | 2 | -7 | -17 | -0 | -2 |
| CFO/OP | 246% | 184% | 57% | -16% | -107% | 54% | 54% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 153 | 186 | 208 | 315 | 284 | 269 |
| Inventory Days | 491 | 60 | 88 | 46 | 21 | 121 | 93 |
| Days Payable | 696 | 235 | 371 | 299 | 296 | 508 | 289 |
| Cash Conversion Cycle | -134 | -22 | -97 | -45 | 40 | -104 | 72 |
| Working Capital Days | 8 | 67 | 57 | 100 | 219 | 220 | 215 |
| ROCE % | 37% | 42% | 57% | 22% | 15% | 17% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Number of Projects (Technology Solutions) Number |
|
||||
| Number of Resources (Headcount) Number |
|||||
| Order Book Rs Mn |
|||||
| Attrition Rate % |
|||||
| Number of Clients (Logos) Number |
|||||
| Onsite Employee Mix % |
|||||
| Revenue Per Employee (Avg) Rs Mn |
|||||
Extracted by Screener AI
Documents
Announcements
-
Awarding of order(s)/contract(s)
2 June 2026 - Subsidiary Canarys Corp won USD 250,000 LinkedIn PowerApps contract for 10 months.
-
Awarding of order(s)/contract(s)
1 June 2026 - Canarys secured 12-month Azure billing order from Finfactor Technologies worth ₹4.25 crore.
-
Statement of deviation(s) or variation(s) under Reg. 32
29 May 2026 - IPO proceeds utilisation filed for half-year ended 31 March 2026; deviation for Fortira Inc. investment.
-
Statement of deviation(s) or variation(s) under Reg. 32
29 May 2026 - Canarys filed half-year ended 31 March 2026 statement of warrant proceeds; auditors reported no deviation.
-
Change in Auditors
29 May 2026 - Board approved audited FY26 results, reappointed internal auditor, and filed IPO/warrant deviation statements.
Annual reports
Concalls
-
Dec 2025Transcript PPT REC
-
Jul 2025Transcript PPT
-
Jul 2024TranscriptPPT
-
Jul 2024Transcript PPT
-
Jun 2024TranscriptPPT
-
Feb 2024TranscriptAI SummaryPPT
-
Jan 2024TranscriptAI SummaryPPT
-
Dec 2023TranscriptAI SummaryPPT
Business Overview:[1]
Canarys Automations Limited is a leading IT solutions provider with over 30 years in the industry, specializing in digital transformation for global businesses. With a workforce of more than 400 technology professionals, Canarys delivers tailored solutions across digitalization, modernization, automation, and intelligence domains.