Is Innovana Thinklabs Ltd (INNOVANA) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Innovana Thinklabs Ltd is a average quality company .

Is Innovana Thinklabs Ltd (INNOVANA) undervalued or overvalued?

The key valuation ratios of Innovana Thinklabs Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Innovana Thinklabs Ltd (INNOVANA) share price return in the past 10 years?

Data is not available for this company

Is Innovana Thinklabs Ltd (INNOVANA) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Innovana Thinklabs Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Innovana Thinklabs Ltd (INNOVANA)?

Company share prices are keep on changing according to the market conditions. The current trading price of Innovana Thinklabs Ltd (INNOVANA) on 17-Apr-2026 16:59:59 at 16:59 is 398.50.

What is the P/E ratio of Innovana Thinklabs?

The latest standalone P/E ratio of Innovana Thinklabs as of 17-Apr-2026 is 26.64.

What is the P/B ratio of Innovana Thinklabs Ltd (INNOVANA)?

The latest standalone P/B ratio of Innovana Thinklabs Ltd (INNOVANA) as of 17-Apr-2026 is 4.68.

What is the 52-week high and low of Innovana Thinklabs Ltd (INNOVANA)?

The 52-week high of Innovana Thinklabs Ltd (INNOVANA) is Rs. 648.00 and the 52-week low is Rs. 315.25.

Innovana Thinklabs Ltd (INNOVANA) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Innovana Thinklabs Ltd (INNOVANA)
Brand: Innovana Thinklabs

Innovana Thinklabs Ltd (INNOVANA) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Innovana Thinklabs Ltd (INNOVANA)

BSE: 544302 NSE: INNOVANA

Key Metrics

Market Cap

₹839 Cr.

P/E Ratio

26.64

Price to Book (P/B)

4.68

Price to Sales (P/S)

18.21

EV/EBITDA

18.94

Return on Capital Employed (ROCE)

33.15%

Current Price

₹398.5

Return on Equity (ROE)

25.04%

Return on Assets (ROA)

20.45%

Operating Profit Margin

76.7%

Net Profit Margin

68.35%

Gross Profit Margin

93.6%

Book Value per Share

₹86.8

Sales Growth (YoY)

-10.78%

Sales Growth (3 Years)

12.37%

Operating Profit Growth (1 Year)

5.37%

Operating Profit Growth (3 Years)

37.31%

Net Profit Growth (1 Year)

-2.44%

52-Week Low / High

₹315 / 648

Net Profit Growth (3 Years)

-70.38%

Dividend Yield

0.00%

Promoter Holding

72.65%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Innovana Thinklabs Ltd?

Innovana Thinklabs Ltd revenue growth is -10.8% for FY-2025 , which is below its 5 year CAGR of 1.2% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Innovana Thinklabs Ltd?

Promoters hold 72.65% of the Innovana Thinklabs Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Innovana Thinklabs Ltd vs industry peers?

Innovana Thinklabs Ltd revenue CAGR is 1.22% , compared to the industry median CAGR of 2.87% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Innovana Thinklabs Ltd belong to?

Innovana Thinklabs Ltd belongs to the IT & ITES sector, operating specifically within the IT - Software segment.

Q.1 Stock return of Innovana Thinklabs Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of 24.89% based on the current price.

DeciZen - make an informed investing decision on Innovana Thinklabs

Based on:

Data

Overall Rating ⓘ
Login to view analysis.

1. Quality

2. Valuation

3. Price Trend

Innovana Thinklabs stock performance

Key Ratios

Is Innovana Thinklabs Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	102.3%	59.7%	98.5%	52.1%	46.6%	27.9%	29.1%	35.6%	44.9%	33.2%	-
Value Creation Index ⓘ	6.3	3.3	6.0	2.7	2.3	1.0	1.1	1.5	2.2	1.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	6.6	15.5	30.8	40.8	40.7	33.8	30.5	41.9	48.5	43.3	46
Sales YoY Gr.	-	134.6%	98.8%	32.3%	-0.2%	-17%	-9.8%	37.4%	15.8%	-10.8%	-
Adj EPS ⓘ	0.7	0.7	3.7	3.8	5.3	4.4	5.7	9.2	15.1	13.2	15.2
YoY Gr.	-	-8.1%	439.7%	3.5%	40.5%	-16.9%	28.2%	62.4%	63%	-12.2%	-
BVPS (₹) ⓘ	1	1.9	8.9	13.1	18.5	23	28.1	35.6	50.4	64.9	86.8
Adj Net Profit ⓘ	0.6	0.5	7.5	7.8	11	9.1	11.7	19	30.9	27.1	31
Cash Flow from Ops. ⓘ	1.7	1.6	5.5	20.5	23.9	10.3	0.6	5.5	-6.5	11.8	-
Debt/CF from Ops. ⓘ	0	1.3	0	0	0	0.1	4.6	0.1	-0.8	0.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	23.2%	1.2%	12.4%	-10.8%
Adj EPS ⓘ	37.8%	19.9%	32.5%	-12.2%
BVPSⓘ	59.2%	28.5%	32.2%	28.7%
Share Price	-	24.9%	10.2%	17.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	74.7	47.3	76.2	34.5	33.8	21.4	22.3	29	35	22.9	20.1
Op. Profit Mgn % ⓘ	14.5	8	35.6	29	36.3	29.8	44.4	52.4	66.6	76.7	76
Net Profit Mgn % ⓘ	8.9	3.5	24.4	19.1	26.9	26.9	38.3	45.2	63.6	62.6	68.3
Debt to Equity ⓘ	0.1	1.3	0	0	0	0	0	0	0.1	0	-
Working Cap Days ⓘ	0	18	83	126	163	291	500	608	659	747	237
Cash Conv. Cycle ⓘ	0	-31	-84	-86	-99	-156	-257	-189	-194	-159	178

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	15.2	22.6
TTM Sales (₹ Cr.)	46.1	126
BVPS (₹) ⓘ	86.8	133.1
Reserves (₹ Cr.) ⓘ	159	254
P/BV ⓘ	4.68	3.05
PE ⓘ	26.64	18.00

From the Market
52 Week Low / High (₹)	315.25 / 648.00
All Time Low / High (₹)	271.10 / 648.00
Market Cap (₹ Cr.)	839
Equity (₹ Cr.)	20.7
Face Value (₹)	10
Industry PE ⓘ	23.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Innovana Thinklabs - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	7	16	31	41	41	34	31	42	49	43
Operating Expenses > ⓘ +	6	14	20	29	26	25	18	22	17	10
Manufacturing Costs	0	0	0	2	1	2	0	0	0	0
Material Costs	2	8	10	15	5	6	1	3	0	0
Employee Cost	2	4	6	10	14	7	10	11	10	6
Other Costs > ⓘ	1	2	3	3	6	10	7	8	7	3
Operating Profit > ⓘ	1	1	11	12	15	9	13	20	32	33
Operating Profit Margin (%)	14.5%	7.9%	35.5%	29.0%	36.3%	26.8%	42.0%	46.9%	64.9%	76.7%
Other Income > ⓘ +	0	0	0	1	2	4	4	5	10	8
Exceptional Items > ⓘ	0	0	-0	0	0	0	0	0	0	0
Interest > ⓘ	0	0	0	0	0	0	0	0	0	1
Depreciation > ⓘ	0	0	0	1	1	1	1	1	1	1
Profit Before Tax > ⓘ	1	1	11	12	15	12	15	23	40	40
Tax > ⓘ	0	0	3	3	4	3	4	6	10	10
Profit After Tax	1	1	8	9	11	9	11	17	30	30
PAT Margin (%)	8.9%	4.6%	24.6%	20.9%	28.0%	26.1%	37.3%	41.5%	62.5%	68.4%
Adjusted EPS (₹)	0.7	0.9	3.7	4.2	5.6	4.3	5.6	8.5	14.8	14.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	15%	14%	3%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	1	1	18	27	38	47	58	73	103	133
Share Capital ⓘ	0	0	4	4	10	10	10	21	21	21
Reserves ⓘ	1	1	14	23	28	37	47	53	83	112
Debt +	0	2	0	1	1	1	3	0	5	5
Long Term Debt	0	2	0	1	1	1	0	0	0	0
Short Term Debt	0	0	0	0	0	0	3	0	5	5
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	1	1	7	6	8	12	8	11	6	6
Others Liabilities ⓘ	0	1	5	20	36	32	47	41	16	16
Total Liabilities ⓘ	2	6	30	53	82	92	116	125	130	159
Fixed Assets
Net Fixed Assets ⓘ +	1	1	9	12	11	11	13	12	12	11
Gross Block	1	1	10	14	13	13	16	16	16	16
Accumulated Depreciation	0	0	1	1	1	2	3	4	4	5
CWIP ⓘ	0	4	0	0	0	0	0	2	5	12
Investments ⓘ	0	0	2	16	22	16	16	21	27	40
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	0	0	0	0	0	0	0	0	3	17
Cash Equivalents	1	1	6	10	28	32	35	1	0	4
Others Assets ⓘ	0	1	13	15	21	33	51	89	83	74
Total Assets ⓘ	2	6	30	53	82	92	116	125	130	159

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	2	2	6	21	24	10	1	6	-6	12
PBT ⓘ	1	1	11	12	15	12	15	23	40	40
Adjustment ⓘ	0	1	1	1	-1	-2	-2	-4	-5	-1
Changes in Working Capital ⓘ	1	0	-5	11	14	4	-9	-9	-34	-21
Tax Paid ⓘ	0	-0	-0	-3	-4	-3	-4	-5	-7	-6
Cash Flow From Investing Activity ⓘ +	-1	-4	-7	-17	-6	-6	-1	-35	2	-6
Capex	-1	-4	-7	-17	-6	6	-4	-2	-1	-2
Net Investments	0	0	0	0	0	0	0	-3	2	-14
Others ⓘ	-0	0	0	1	-0	-12	4	-30	1	9
Cash Flow From Financing Activity ⓘ +	0	2	7	0	-0	-0	2	-4	4	-2
Net Proceeds from Shares ⓘ	0	0	9	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	2	-2	1	0	0	0	0	0	0
Interest Paid ⓘ	0	-0	-0	-0	-0	-0	-0	-0	-0	-1
Dividend Paid ⓘ	0	0	0	0	0	0	-1	-2	-1	0
Others ⓘ	0	-0	-0	0	0	-0	4	-2	5	-1
Net Cash Flow ⓘ	1	-0	5	4	18	4	3	-34	-1	4

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	74.67	62.91	76.69	37.82	35.13	20.68	21.73	26.61	34.38	25.04
ROCE (%)	102.3	59.65	98.47	52.14	46.64	27.9	29.09	35.61	44.85	33.15
Asset Turnover Ratio	3.01	3.68	1.68	0.97	0.6	0.39	0.29	0.35	0.38	0.3
PAT to CFO Conversion(x)	2	2	0.75	2.33	2.18	1.11	0.09	0.35	-0.2	0.4
Working Capital Days
Receivable Days	0	0	0	0	0	0	1	0	25	86
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	160	50	159	166	458	619	2,946	1,226	0	0

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Innovana Thinklabs Ltd FAQs

The current trading price of Innovana Thinklabs on 17-Apr-2026 16:59 is ₹398.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Innovana Thinklabs stood at ₹838.6 Cr

The latest P/E ratio of Innovana Thinklabs as of 16-Apr-2026 is 26.64.

The latest P/B ratio of Innovana Thinklabs as of 16-Apr-2026 is 4.68.

The 52-week high of Innovana Thinklabs is ₹648.0 and the 52-week low is ₹315.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Innovana Thinklabs is ₹46.06 ( Cr.) .

About Innovana Thinklabs Ltd

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Innovana Thinklabs Ltd (INNOVANA) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Innovana Thinklabs Share Price