Innovana Thinklabs Ltd
Incorporated in 2015, Innovana Thinklabs Ltd is in the business of Software development[1]
- Market Cap ₹ 1,219 Cr.
- Current Price ₹ 594
- High / Low ₹ 650 / 270
- Stock P/E 27.7
- Book Value ₹ 100
- Dividend Yield 0.00 %
- ROCE 26.7 %
- ROE 23.9 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 64.6 to 103 days.
- Working capital days have increased from 70.8 days to 157 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 16 | 31 | 45 | 64 | 57 | 58 | 79 | 101 | 103 | |
| 14 | 20 | 31 | 40 | 40 | 32 | 48 | 56 | 47 | |
| Operating Profit | 1 | 11 | 14 | 24 | 16 | 26 | 31 | 45 | 56 |
| OPM % | 8% | 36% | 31% | 38% | 28% | 45% | 39% | 45% | 54% |
| 0 | 0 | 1 | 3 | 4 | 4 | 7 | 14 | 10 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 4 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 3 | 4 | 4 | 7 |
| Profit before tax | 1 | 11 | 14 | 26 | 19 | 26 | 33 | 53 | 55 |
| Tax % | 38% | 29% | 24% | 16% | 18% | 18% | 16% | 22% | 25% |
| 1 | 8 | 11 | 22 | 16 | 21 | 27 | 41 | 45 | |
| EPS in Rs | 7.20 | 3.69 | 5.20 | 10.61 | 7.59 | 10.14 | 13.12 | 19.98 | 21.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 8% | 7% | 2% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 22% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 31% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 50% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 25% |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 4 | 4 | 10 | 10 | 10 | 20 | 20 | 20 |
| Reserves | 1 | 14 | 25 | 40 | 56 | 76 | 91 | 143 | 185 |
| 2 | 0 | 1 | 1 | 1 | 15 | 12 | 23 | 44 | |
| 3 | 12 | 43 | 72 | 70 | 57 | 48 | 23 | 29 | |
| Total Liabilities | 6 | 30 | 72 | 122 | 137 | 158 | 171 | 209 | 278 |
| 1 | 9 | 13 | 12 | 14 | 28 | 27 | 30 | 67 | |
| CWIP | 4 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 4 |
| Investments | 0 | 2 | 28 | 46 | 41 | 41 | 39 | 49 | 59 |
| 2 | 19 | 31 | 64 | 83 | 88 | 103 | 124 | 149 | |
| Total Assets | 6 | 30 | 72 | 122 | 137 | 158 | 171 | 209 | 278 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 2 | 6 | 39 | 37 | 14 | -4 | 3 | -2 | 35 | |
| -4 | -7 | -30 | -19 | -8 | -14 | -46 | -15 | -19 | |
| 2 | 7 | 0 | 6 | 2 | 23 | -5 | 18 | -10 | |
| Net Cash Flow | -0 | 5 | 9 | 24 | 8 | 5 | -48 | 1 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 1 | 13 | 42 | 48 | 103 |
| Inventory Days | 0 | 0 | 0 | 0 | 593 | ||||
| Days Payable | 499 | ||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 1 | 13 | 42 | 48 | 197 |
| Working Capital Days | -36 | 8 | -221 | -277 | -236 | -212 | -59 | 115 | 157 |
| ROCE % | 100% | 58% | 63% | 31% | 31% | 26% | 32% | 27% |
Documents
Announcements
- Notice Of Extraordinary General Meeting No. 01/2025-26 Of The Company On Wednesday, July 23, 2025. 22h
-
Board Meeting Outcome for Outcome Of The Board Meeting Of Innovana Thinklabs Limited ('Company') Under Regulation 30 Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations').
1d - Board approved increasing authorized share capital by 10 lakh shares; EGM on July 23, 2025 scheduled.
-
Closure of Trading Window
27 Jun - Trading window closed from June 28, 2025 till 48 hours after Q1 results announcement.
-
Board Meeting Outcome for Outcome Of The Board Meeting Of Innovana Thinklabs Limited ('Company')
27 Jun - Board approved preferential allotment of 8.6 lakh warrants at Rs 431 each, EGM on July 23, 2025.
-
Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29(1) Of SEBI (Listing Obligation And Disclosure Requirement) Regulations, 2015 - Fund Raising By Way Of Preferential Allotment Of Securities Of Innovana Thinklabs Limited ('Company')
24 Jun - Board meeting on June 27 to consider preferential allotment for capital raising.
Business Overview:[1][2]
ITL is a CMMI Level 3 and ISO certified software application
development and digital marketing company. It has a portfolio of software products and mobile applications viz. advanced Anti-Virus software, utility applications, apps, web extensions for browser security. Currently, it has 100+ products & tools with 1.5 million downloads and nearly 10 million unique visitors every month. Its products have been registered in over 126 countries in 13 different languages