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INNOVANA THINKLABS LTD INNOVANA NSETECH

Technology · Software - Application · India
https://www.innovanathinklabs.com

Innovana Thinklabs Limited engages in the software and application development business in India, the United States, Germany, Singapore, Romania and internationally. The company operates astrology and tarot platforms which includes Anytime Astro, Tarot Life, mPanchang, and Tarot Life (VR). It also offers utility and security apps, such as FlashScan, a multipurpose document scanner app that scan and digitize documents; ZCleaner an all-in-one optimization app to keep clutter free and improve security; and Web Assist Plus for estimating the risk level associated with the online websites. In addition, the company provides system security tools, such as ITL total security that scans system for viruses, adware, malware and assists in eliminating to keep the system secure; ITL driver updater that analyzes and updates all outdated drivers; and malware crusher, an anti-malware tool that detects and removes all visible and invisible dangers from the system by creating a security shield around it. The company was formerly known as PCVARK Software Limited and changed its name to Innovana Thinklabs Limited in August 2017. Innovana Thinklabs Limited was incorporated in 2015 and is based in Jaipur, India.

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₹335.60
-15.91% 1Y

Market & Price

Market Cap
₹693.35 Cr
Current Price
₹335.60
High / Low (52W)
₹611.00 / ₹322.05
Beta
0.29

Valuation

Stock P/E
18.86
Industry PE
25.13
Forward P/E
-
PEG Ratio
-
Book Value
₹81.45
Price to Book
4.12
P/S
5.24
EV/EBITDA
25.73
Dividend Yield
-

Profitability & Returns

ROCE
14.76%
ROE
14.92%
ROA
6.84%
Profit Margin
28.83%
Op Margin
1.34%
EPS (Latest Qtr)
₹0.88
EPS (TTM)
₹17.79

Balance Sheet & Liquidity

Debt/Equity
0.21
Quick Ratio
1.50
Current Ratio
2.38
Debt
₹57.92 Cr
Total Assets
₹365.01 Cr
Current Assets
₹87.48 Cr
Working Capital
₹50.67 Cr

Ownership

Promoter Holding
78.68%
Chg in Prom Hold
-
FII / Inst Holding
0.00%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹1,176.09 Cr
Total Revenue (TTM)
₹132.31 Cr
EBITDA
₹45.72 Cr
Free Cash Flow
₹8.88 Cr
Operating Cash Flow
₹26.76 Cr
Shares Outstanding
₹2.07 Cr
Gross Margin
49.54%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
18.66%
Profit 5Y
12.34%
Revenue (YoY)
22.60%
Earnings (YoY)
-84.30%

PROS

  • Excellent profit margin of 28.8%.
  • Compounding revenue at 18.7% over 5 years.
  • Profit CAGR of 12.3% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 45.1% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 INNOVANA INNOVANA THINKLABS LTD NSETECH 335.60 18.86 ₹693.35 Cr - 14.76% 14.92% 18.66% 12.34%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,258.90 16.61 ₹8.17 L Cr 5.49% 54.93% 48.40% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,160.90 15.01 ₹4.70 L Cr 4.31% 41.66% 31.44% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,183.80 19.31 ₹3.20 L Cr 8.11% 27.21% 23.36% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 204.25 16.26 ₹2.14 L Cr 8.32% 18.42% 15.49% 4.05% 2.44%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,483.90 27.40 ₹1.31 L Cr 3.44% 20.60% 16.61% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,061.60 24.04 ₹1.20 L Cr 1.85% 25.39% 21.29% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,523.90 61.35 ₹1.03 L Cr - 27.64% 24.72% 0.98% -
9 WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH 3,140.80 27.70 ₹90,345.53 Cr 0.13% 24.21% 31.57% 71.63% 191.18%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -28.92 Cr26.59 Cr32.09 Cr32.72 Cr34.89 Cr32.60 Cr
Cost of Revenue -5.62 Cr5.38 Cr8.95 Cr8.53 Cr10.18 Cr12.04 Cr
Gross Profit -23.30 Cr21.20 Cr23.14 Cr24.20 Cr24.71 Cr20.56 Cr
Operating Expenses -8.53 Cr8.22 Cr9.41 Cr12.32 Cr15.55 Cr20.13 Cr
Operating Income -14.77 Cr12.98 Cr13.73 Cr11.87 Cr9.15 Cr43.73 L
EBITDA -17.66 Cr16.67 Cr18.90 Cr18.62 Cr15.73 Cr5.73 Cr
Interest Expense -1.30 Cr1.07 Cr87.57 L95.23 L1.69 Cr1.07 Cr
Pretax Income -14.52 Cr13.65 Cr15.67 Cr15.32 Cr10.95 Cr1.93 Cr
Tax Provision -3.45 Cr3.05 Cr3.44 Cr3.46 Cr2.89 Cr1.37 Cr
Net Income -11.84 Cr11.40 Cr12.95 Cr12.69 Cr8.97 Cr2.94 Cr
Diluted EPS -5.775.616.326.154.350.88

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -79.19 Cr100.81 Cr103.48 Cr132.31 Cr
Cost of Revenue -30.09 Cr31.69 Cr23.18 Cr39.70 Cr
Gross Profit -49.10 Cr69.11 Cr80.30 Cr92.61 Cr
Operating Expenses -19.72 Cr28.59 Cr31.28 Cr57.42 Cr
Operating Income -29.38 Cr40.53 Cr49.03 Cr35.19 Cr
EBITDA -37.84 Cr59.13 Cr66.57 Cr58.98 Cr
Interest Expense -1.13 Cr1.65 Cr4.08 Cr4.59 Cr
Pretax Income -32.75 Cr53.01 Cr55.32 Cr43.86 Cr
Tax Provision -5.35 Cr11.59 Cr13.71 Cr11.17 Cr
Net Income -26.90 Cr40.96 Cr44.14 Cr38.14 Cr
Diluted EPS 20.2826.1720.1321.81-

Compounded Sales Growth

5 Years:18.66%
1 Year:22.60%

Compounded Profit Growth

5 Years:12.34%
1 Year:-84.30%

Stock Price Performance

1 Year:-15.91%
6 Months:-30.11%
3 Months:-22.15%
1 Month:-11.04%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -171.25 Cr208.65 Cr278.20 Cr365.01 Cr
Current Assets -37.82 Cr55.62 Cr76.89 Cr87.48 Cr
Cash & Equivalents -4.19 Cr5.67 Cr10.92 Cr9.56 Cr
Inventory -9.98 Cr14.15 Cr14.30 Cr11.54 Cr
Receivables -9.19 Cr13.23 Cr29.31 Cr43.75 Cr
Total Liabilities -60.05 Cr42.26 Cr67.04 Cr85.67 Cr
Current Liabilities -48.33 Cr28.26 Cr29.65 Cr36.81 Cr
Long Term Debt 2.40 Cr----
Total Debt -12.35 Cr22.62 Cr44.22 Cr57.92 Cr
Total Equity -111.20 Cr163.31 Cr205.45 Cr272.45 Cr
Shares Outstanding -2.05 Cr2.05 Cr2.05 Cr2.07 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -2.80 Cr16.25 L38.72 Cr26.76 Cr
Investing Cash Flow --45.66 Cr-14.94 Cr-22.55 Cr-52.52 Cr
Financing Cash Flow --5.01 Cr16.04 Cr-9.81 Cr24.95 Cr
Capital Expenditure --4.37 Cr-10.86 Cr-15.83 Cr-13.23 Cr
Free Cash Flow --1.58 Cr-10.70 Cr22.89 Cr13.53 Cr
Net Change in Cash --47.88 Cr1.26 Cr6.36 Cr-80.40 L

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -62.0%68.6%77.6%70.0%
Operating Margin % -37.1%40.2%47.4%26.6%
Net Margin % -34.0%40.6%42.7%28.8%
ROE % -24.2%25.1%21.5%14.0%
ROCE % -23.9%22.5%19.7%10.7%

Shareholding Pattern

Insiders
78.68%
Institutions
0.00%
Public Float
0.00%

Analyst View

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