Innovana Thinklabs Key Ratios
NSE: INNOVANA | BSE: 544302
₹300.95
As on 12-Oct-2026IST
Market cap
₹615 Cr
Revenue (TTM)
₹139 Cr
P/E Ratio
20
P/B Ratio
2.3
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 19.53 | 21.42 | 26.01 | 14.31 | 18.51 |
| EBIT | 968.95 | -65.89 | -49.36 | -11.13 | 18.70 |
| Net Profit | 91.00 | -56.58 | -34.34 | -2.76 | 16.02 |
| EPS | 90.96 | -56.92 | -34.65 | -2.91 | 18.99 |
| Book Value | -- | -- | 27.94 | 33.21 | 31.66 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 70.92 | 37.66 | 18.79 | 26.68 | 47.38 |
| Net Margin
| 55.32 | 32.29 | 16.36 | 22.46 | 36.55 |
| Return on equity
| 26.81 | 24.51 | 11.57 | 13.90 | 22.57 |
| Return on Capital
| 35.23 | 31.62 | -- | 19.80 | 31.14 |
| Return on Assets
| 20.46 | 15.58 | 7.80 | 9.99 | 16.56 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.03 | 0.03 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
--
|
19.80
|
31.14
|
38.68
|
33.64
|
|
Peer Median
|
--
|
19.86
|
22.05
|
29.68
|
--
|
ROE
11.57
Lower than Peers by 7.92
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
11.57
|
13.90
|
22.57
|
30.18
|
27.77
|
|
Peer Median
|
19.49
|
14.61
|
19.97
|
23.48
|
--
|
ROA
7.80
Lower than Peers by 4.76
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
7.80
|
9.99
|
16.56
|
21.01
|
16.08
|
|
Peer Median
|
12.57
|
10.16
|
11.62
|
13.53
|
--
|
EBIT Margin
18.79
Higher than Peers by 2.11
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
18.79
|
26.68
|
47.38
|
40.08
|
34.21
|
|
Peer Median
|
16.67
|
15.69
|
16.09
|
16.30
|
--
|
Net Margin
16.36
Higher than Peers by 2.84
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
16.36
|
22.46
|
36.55
|
35.96
|
31.82
|
|
Peer Median
|
13.52
|
10.87
|
12.79
|
13.87
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
--
|
32.67
|
47.14
|
45.53
|
39.60
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
26.01
Higher than Peers by 14.95
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
26.01
|
27.86
|
2.65
|
27.30
|
37.52
|
|
Peer Median
|
11.06
|
14.37
|
14.92
|
7.66
|
--
|
EBIT Growth
-49.36
Lower than Peers by 57.52
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
-49.36
|
-27.99
|
21.33
|
49.14
|
17.86
|
|
Peer Median
|
8.15
|
22.25
|
7.18
|
7.59
|
--
|
Net Profit Growth
-34.34
Lower than Peers by 43.23
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
-34.34
|
-21.43
|
0.45
|
51.19
|
27.64
|
|
Peer Median
|
8.89
|
9.39
|
1.14
|
11.84
|
--
|
EPS Growth
-34.65
Lower than Peers by 41.34
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
-34.65
|
-14.26
|
7.77
|
52.25
|
29.41
|
|
Peer Median
|
6.69
|
9.08
|
0.58
|
8.05
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
--
|
28.94
|
25.80
|
46.86
|
29.11
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
--
|
0.03
|
0.03
|
0.05
|
0.01
|
|
Peer Median
|
--
|
0.01
|
0.00
|
0.01
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
--
|
0.03
|
0.03
|
0.05
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.38
Lower than Peers by 0.05
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
2.38
|
2.15
|
2.24
|
1.75
|
0.80
|
|
Peer Median
|
2.43
|
2.13
|
2.22
|
2.58
|
--
|
Quick Ratio
2.06
Lower than Peers by 0.36
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
2.06
|
1.89
|
1.87
|
1.36
|
0.62
|
|
Peer Median
|
2.42
|
2.04
|
2.30
|
2.69
|
--
|
Interest Coverage
7.40
Lower than Peers by 22.69
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
7.40
|
10.32
|
14.55
|
30.41
|
26.81
|
|
Peer Median
|
30.08
|
22.83
|
20.90
|
30.59
|
--
|
Operating Efficiency
Debtors to sales
31.43
Higher than Peers by 9.20
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
31.43
|
33.07
|
28.33
|
13.13
|
11.61
|
|
Peer Median
|
22.24
|
22.42
|
21.29
|
20.69
|
--
|
Asset Turnover
0.43
Lower than Peers by 0.55
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
0.43
|
0.40
|
0.41
|
0.51
|
0.46
|
|
Peer Median
|
0.98
|
1.00
|
0.95
|
0.96
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
--
|
100.78
|
75.03
|
40.60
|
25.91
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
--
|
35.65
|
50.18
|
43.68
|
39.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
--
|
248.12
|
486.63
|
318.05
|
467.81
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
--
|
-111.68
|
-361.41
|
-233.77
|
-402.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
19.97
Lower than Peers by 4.62
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
19.97
|
17.34
|
13.72
|
27.03
|
23.70
|
|
Peer Median
|
24.59
|
45.92
|
31.33
|
35.28
|
--
|
Price / Book Value
2.28
Lower than Peers by 2.84
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
2.28
|
2.50
|
2.95
|
6.78
|
5.73
|
|
Peer Median
|
5.12
|
5.68
|
5.07
|
6.21
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
--
|
--
|
--
|
--
|
0.08
|
|
Peer Median
|
0.34
|
0.15
|
0.39
|
0.25
|
--
|
EV/EBITDA
12.06
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
12.06
|
11.13
|
9.00
|
18.70
|
16.70
|
|
Peer Median
|
--
|
19.46
|
21.27
|
25.17
|
--
|
Market Cap
615
Lower than Peers by 13,959
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Innovana Thinklabs
|
615
|
661
|
606
|
1,107
|
638
|
|
Peer Median
|
14,574
|
12,112
|
10,363
|
10,709
|
--
|