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 8.27
- Book Value ₹ 17.6
- Dividend Yield 0.00 %
- ROCE 22.6 %
- ROE 14.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 1.11 times its book value
- Debtor days have improved from 248 to 148 days.
- Company's working capital requirements have reduced from 177 days to 107 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.8% over last 3 years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 18 | 26 | 52 | 75 | 75 | 89 | 198 | |
| 16 | 22 | 45 | 62 | 64 | 78 | 176 | |
| Operating Profit | 2 | 3 | 7 | 13 | 11 | 11 | 22 |
| OPM % | 10% | 13% | 13% | 17% | 15% | 13% | 11% |
| 0 | 0 | 0 | 1 | 1 | 2 | -1 | |
| Interest | 0 | 0 | 1 | 2 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 3 | 6 | 12 | 11 | 11 | 20 |
| Tax % | 25% | 30% | 27% | 28% | 25% | 28% | 25% |
| 1 | 2 | 5 | 9 | 8 | 8 | 15 | |
| EPS in Rs | 1.42 | 1.45 | 2.10 | ||||
| Dividend Payout % | 0% | 9% | 5% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 39% |
| TTM: | 122% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 17% |
| TTM: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 14% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 8 | 16 | 60 | 74 | 92 |
| 0 | 5 | 14 | 19 | 11 | 9 | 10 | |
| 6 | 7 | 22 | 21 | 23 | 26 | 28 | |
| Total Liabilities | 11 | 20 | 48 | 61 | 105 | 121 | 141 |
| 1 | 1 | 1 | 1 | 1 | 1 | 35 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 5 | 0 |
| Investments | 0 | 1 | 0 | 1 | 1 | 1 | 1 |
| 10 | 18 | 47 | 59 | 100 | 113 | 105 | |
| Total Assets | 11 | 20 | 48 | 61 | 105 | 121 | 141 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0 | -2 | -3 | -7 | -12 | 4 | 6 | |
| -0 | -1 | 0 | -1 | -2 | -2 | -29 | |
| -0 | 6 | 8 | 5 | 32 | 2 | 4 | |
| Net Cash Flow | -0 | 3 | 6 | -3 | 18 | 4 | -19 |
| Free Cash Flow | -0 | -2 | -3 | -7 | -14 | 1 | -1 |
| CFO/OP | 60% | -22% | -14% | -28% | -82% | 62% | 47% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 148 | 184 | 209 | 315 | 280 | 148 |
| Inventory Days | 488 | 56 | 98 | 74 | 37 | 148 | 28 |
| Days Payable | 692 | 221 | 309 | 258 | 229 | 437 | 63 |
| Cash Conversion Cycle | -128 | -17 | -28 | 25 | 123 | -9 | 113 |
| Working Capital Days | 13 | 94 | 40 | 81 | 215 | 208 | 107 |
| ROCE % | 35% | 36% | 42% | 20% | 14% | 23% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Number of Projects (Technology Solutions) Number |
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| Number of Resources (Headcount) Number |
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| Order Book Rs Mn |
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| Attrition Rate % |
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| Number of Clients (Logos) Number |
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| Onsite Employee Mix % |
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| Revenue Per Employee (Avg) Rs Mn |
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Extracted by Screener AI
Documents
Announcements
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Awarding of order(s)/contract(s)
2 June 2026 - Subsidiary Canarys Corp won USD 250,000 LinkedIn PowerApps contract for 10 months.
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Awarding of order(s)/contract(s)
1 June 2026 - Canarys secured 12-month Azure billing order from Finfactor Technologies worth ₹4.25 crore.
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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.
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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.
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Change in Auditors
29 May 2026 - Board approved audited FY26 results, reappointed internal auditor, and filed IPO/warrant deviation statements.
Annual reports
Concalls
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Dec 2025Transcript PPT REC
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Jul 2025Transcript PPT
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Jul 2024TranscriptPPT
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Jul 2024Transcript PPT
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Jun 2024TranscriptPPT
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Feb 2024TranscriptAI SummaryPPT
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Jan 2024TranscriptAI SummaryPPT
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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.