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Dossier · INNOVANA THINKLABS LTD · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
INNOVANA THINKLABS LTD
NSE: INNOVANA · BSE: 544302
NSE: INNOVANA · BSE: 544302
Information Technology › Information Technology › IT - Software › Computers - Software & Consulting
INNOVANA THINKLABS LTD
StateQ1 FY27 filed
Last close · 28 Oct 2026₹277.05
Market cap₹0.6k cr
TTM P/E · P/B · EV/EBITDA13.7 · 2.05 · 11.3
INNOVANA THINKLABS LTD is a IT - Software company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 103 | 132 |
| EBITDA (ex other income) | 56 | 46 |
| margin % | 54.3 | 34.6 |
| Owners' profit | 45 | 38 |
| EPS, as reported (₹) | 21.81 | 17.78 |
| ROE % · ROCE % | 21.2 · 23.9 | 13.1 · 14.8 |
| Debt / equity (x) | 0.02 | 0.03 |
| Cash from operations | 35 | 27 |
| Capex | (9) | (7) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · INNOVANA THINKLABS LTD · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 29 | 27 | 32 | 33 | 35 | 33 | 39 |
| Profit before tax | 0 | 15 | 14 | 16 | 15 | 11 | 2 | 7 |
| Net profit | 0 | 12 | 12 | 13 | 13 | 9 | 2 | 6 |
| EPS (₹) | 0.00 | 5.77 | 5.61 | 6.40 | 12.36 | 4.35 | 0.88 | 2.68 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Software Product Sales | 62 | 38.3 |
| Gym and Fitness | 26 | 15.9 |
| Construction and Infrastructure | 3 | 1.7 |
| Astro Services and Games Studio | 12 | 7.6 |
| Green Energy | 0 | 0.0 |
| Astro Services and Game Studio | 19 | 12.0 |
| a) Software Product Sales | 20 | 12.4 |
| b) Gym and Fitness | 10 | 6.3 |
| c) Construction and Infrastructure | 2 | 1.4 |
| d) Astro Services and Game Studio | 7 | 4.3 |
| Total, before eliminations | 162 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 8,87,298 | 17.8 | 8.18 | 12.2 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,55,550 | 15.2 | 4.88 | 9.6 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,78,281 | 21.6 | 5.03 | 13.6 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,82,720 | 14.6 | 2.07 | 8.7 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,74,293 | 30.7 | 5.79 | 19.5 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,21,357 | 23.2 | 5.03 | 14.7 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 91,811 | 47.3 | 11.71 | 31.4 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 86,606 | 39.8 | 8.95 | 30.9 | 18.0 | 17.2 | 28.6 | 18.6 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.7 | 15.0 | 25 of 65 | 63% |
| P/B | 2.0 | 2.6 | 26 of 65 | 61% |
| ROCE | 13.4 | 14.2 | 43 of 76 | 44% |
| ROE | 13.1 | 11.5 | 27 of 64 | 59% |
| Debt / Equity | 0.0 | 0.0 | 32 of 65 | 52% |
| EBITDA margin | 27.2 | 18.4 | 10 of 65 | 86% |
| Revenue growth | 21.4 | 10.6 | 17 of 63 | 74% |
| Profit growth | (57.8) | 6.7 | 53 of 62 | 15% |
| Market cap | 572 | 419 | 34 of 76 | 56% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · INNOVANA THINKLABS LTD · 29 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 6 Oct 2026 · Compliance filing under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · AGM voting results - all 4 resolutions passed with over 99.96% majority | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Innovana Thinklabs Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2026 | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 for Q2 and H1 FY27 results | compliance | minimal | — | — |
| 5 Sept 2026 · Newspaper publication of 11th AGM notice and remote e-voting details | compliance | minimal | — | — |
| 4 Sept 2026 · Innovana Thinklabs submits FY26 Annual Report and 11th AGM Notice | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board approves FY26 report, sets 11th AGM on September 29, 2026 | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Newspaper publication of Q1 FY27 results filed with BSE and NSE | compliance | minimal | — | — |
| 13 Aug 2026 · No deviation in use of warrant issue proceeds for Q1FY27 | compliance | minimal | — | — |
| 13 Aug 2026 · Statement of deviations or variations under Regulation 32 filed | compliance | low | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in