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Innovana Thinklabs Ltd.
(INNOVANA)
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Rating:68Neutral
Price Target:
₹316.00
▼(-23.66% Downside)
Action:Reiterated
Date:09/11/26
The score is primarily supported by strong FY2026 growth and a conservative balance sheet, but tempered by margin compression and inconsistent/volatile cash conversion. Technicals add further caution due to the stock trading below key longer-term moving averages with negative MACD, while valuation (P/E ~21.4) appears broadly neutral based on the provided data.
Positive Factors
Strong revenue growth
Sharp FY2026 revenue expansion indicates strong demand for Innovana’s software and digital solutions. If sustained, this growth can broaden the customer base, improve operating leverage, and provide a durable foundation for reinvestment in products and market expansion over the next several quarters.
Negative Factors
Material margin compression
The substantial decline in net margin shows that rapid revenue growth has not translated proportionately into bottom-line profitability. Higher costs or investment spending could continue to dilute earnings quality, limiting operating leverage and reducing the amount of internally generated profit available for expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sharp FY2026 revenue expansion indicates strong demand for Innovana’s software and digital solutions. If sustained, this growth can broaden the customer base, improve operating leverage, and provide a durable foundation for reinvestment in products and market expansion over the next several quarters.
Read all positive factors
Innovana Thinklabs Ltd. (INNOVANA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.09B
Dividend Yield0.04%
Average Volume (3M)27.80K
Price to Earnings (P/E)20.1
Beta (1Y)0.68
Revenue Growth26.01%
EPS Growth-34.49%
CountryIN
Employees119
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)11.51
Shares Outstanding20,660,000
10 Day Avg. Volume36,195
30 Day Avg. Volume27,802
Financial Highlights & Ratios
PEG Ratio-0.97
Price to Book (P/B)2.52
Price to Sales (P/S)5.19
P/FCF Ratio26.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Innovana Thinklabs Ltd. Business Overview & Revenue Model
Company Description
Innovana Thinklabs Ltd., based in Jaipur, India, is a technology company focused on developing software and mobile applications. Its operations extend across various international markets, including the United States, Germany, Singapore, and Roman...
Innovana Thinklabs Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 593.09M | 1.32B | 1.03B | 1.01B | 791.86M | 575.83M |
| Gross Profit | 419.21M | 820.79M | 768.27M | 691.13M | 490.99M | 357.92M |
| EBITDA | 348.53M | 457.17M | 661.31M | 591.31M | 378.37M | 299.55M |
| Net Income | 236.25M | 381.43M | 441.40M | 409.57M | 269.01M | 207.87M |
Balance Sheet | ||||||
| Total Assets | 3.46B | 3.65B | 2.78B | 2.09B | 1.71B | 1.58B |
| Cash, Cash Equivalents and Short-Term Investments | 182.57M | 112.69M | 120.26M | 56.66M | 41.92M | 522.81M |
| Total Debt | 934.61M | 579.20M | 442.18M | 226.20M | 123.53M | 170.29M |
| Total Liabilities | 771.33M | 856.73M | 670.43M | 422.64M | 600.48M | 714.62M |
| Stockholders Equity | 2.60B | 2.72B | 2.05B | 1.63B | 1.11B | 861.30M |
Cash Flow | ||||||
| Free Cash Flow | 323.21M | 254.77M | 190.58M | -106.99M | -15.78M | -401.73M |
| Operating Cash Flow | 447.79M | 322.62M | 348.87M | 1.63M | 27.96M | -37.42M |
| Investing Cash Flow | -512.86M | -590.26M | -187.14M | -149.38M | -456.65M | -137.96M |
| Financing Cash Flow | 157.84M | 259.60M | -98.13M | 160.40M | -50.13M | 228.07M |
Innovana Thinklabs Ltd. Technical Analysis
Negative
413.95
Price Trends
310.89
Negative
320.56
Negative
354.40
Negative
Market Momentum
-5.03
Positive
42.02
Neutral
53.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INNOVANA, the sentiment is Negative. The current price of 413.95 is above the 20-day moving average (MA) of 299.97, above the 50-day MA of 310.89, and above the 200-day MA of 354.40, indicating a bearish trend. The MACD of -5.03 indicates Positive momentum. The RSI at 42.02 is Neutral, neither overbought nor oversold. The STOCH value of 53.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INNOVANA.
Innovana Thinklabs Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹5.93B | 15.75 | ― | 5.68% | 15.97% | 16.68% | |
75 Outperform | ₹14.49B | 6.78 | ― | 0.68% | 35.35% | 59.52% | |
74 Outperform | ₹65.13B | 20.10 | ― | 1.34% | 7.88% | -1.77% | |
70 Outperform | ₹192.77B | 29.33 | ― | 2.43% | 5.19% | -12.17% | |
68 Neutral | ₹6.09B | 20.08 | ― | 0.04% | 26.01% | -34.49% | |
60 Neutral | ₹6.54B | 7.26 | ― | 0.46% | 9.34% | 2.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:INNOVANA
Innovana Thinklabs Ltd.
289.90
-205.55
-41.49%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.