Innovana Thinklabs share price today

Innovana Thinklabs Ltd's share price was ₹284.15 at the close on 4 November 2026. It has been falling for 46 weeks. That is 17.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹277 and ₹482, and at that close it sat 4% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Innovana Thinklabs Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

Over the last 8.9 years the share price moved +1,456% while the NIFTY 500 moved +134%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

5 points on a year earlier, revenue up on a year earlier for 7 quarters in a row and highest quarterly revenue in 15 quarters.

1. Operating margin down 32.5 points on a year earlier

   17.6% in the June 2026 quarter, from 50.1%.

2. Revenue up on a year earlier for 7 quarters in a row

   In the June 2026 quarter revenue was ₹39 crore, +21.4% on a year earlier.

3. Highest quarterly revenue in 15 quarters

   Revenue of ₹39 crore in the June 2026 quarter is the highest of the last 15 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Innovana Thinklabs reported revenue of ₹39.0 crore, up 21.4% from ₹32.1 crore a year earlier, and a profit of ₹5.53 crore, down 57.9% from ₹13.1 crore.

Innovana Thinklabs results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Innovana Thinklabs closed at ₹284.15 on 4 November 2026, down 41.0% from ₹481.85 a year earlier (7 November 2025) and up 257.7% over five years. Its highest weekly close since December 2017 was ₹763.75 on 25 August 2023.

Innovana Thinklabs share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

459 weekly closes from 15 December 2017 to 4 November 2026.

4 Nov 2026: Innovana Thinklabs closed at ₹284.15, down 3.0% on the week and down 2.1% on the month. Results for April to June 2026: Revenue up 21.4% and profit down 57.9% on a year earlier.

Innovana Thinklabs has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Innovana Thinklabs Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 3 of its last 10 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

Innovana Thinklabs is on one of our India lists: IT stocks.

Innovana Thinklabs Ltd earned ₹5.5 Cr of net profit in the Jun 2026 quarter, −57.9% on the same quarter a year earlier. Full-year FY26 profit was ₹37.0 Cr. Over 9 years profit has grown 49.4% a year on average. That is 14.2% of the quarter's revenue. The same quarter a year earlier earned ₹13.1 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹37.0 Cr (−17.8% on the year before).

Why profit moved: revenue changed +21.4% on a year earlier and the margin moved −32.5 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −37.9% and revenue +27.0%. Profit is growing slower than sales: rising costs are taking part of the growth.

Innovana Thinklabs Ltd reported ₹39.0 Cr of revenue in the Jun 2026 quarter, +21.4% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 9 years it has grown 26.4% a year on average. The last full year, FY26, came in at ₹132 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹139 Cr.

FY26 revenue was ₹132 Cr, +28.2% on the year before.

Recent pace: the last four quarters grew +27.0% on average, against 26.4% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +26.0%, against +19.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −39.0%, against −16.5% a year (rolling over).

Innovana Thinklabs Ltd's operating margin was 17.6% in the Jun 2026 quarter, 32.5 percentage points lower than the same quarter a year ago. Across 10 years it has been between 8.0% and 54.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −32.5 percentage points on the year while gross margin changed −7.2 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 54% of Innovana Thinklabs Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹27.0 Cr of operating cash against ₹37.0 Cr of profit. After ₹29.0 Cr of spending on assets, free cash was −₹2.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 54% of profit came in as cash: the cash cycle got 536 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 536 days longer. The next section looks at where the cash is stuck.

Innovana Thinklabs Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 121 days in FY26, up from −415 days in FY21. It spent ₹82.0 Cr on assets over the last 3 years. Customers take 121 days to pay, and stock sits for 241 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹132 Cr, each day of that cycle ties up about ₹0.4 Cr, so roughly ₹44.0 Cr is tied up in the business at any time.

FY26: customers took 121 days to pay and stock sat for 241 days, about 7.9 months of sales sitting as stock, for a full cycle of 121 days, longer than FY21's −415.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 241 days. Customers pay about 121 days after that. Suppliers are paid at 244 days. Together that makes the 121-day cycle.

Spending on assets: ₹82.0 Cr over the last 3 years, against ₹22.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹20.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Innovana Thinklabs Ltd's P/E is 19.0×, in the middle of its own history: higher than 56% of past readings. Its usual P/E (the middle reading) is 18.0×, over 8.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −14.3% while the price moved −41.0%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +29.0% a year; about +15.3% a year came from earnings growth and about +13.7 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Innovana Thinklabs Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −39.0% in the latest quarter, against +71.4% at its best in 12 quarters, with ROCE falling at 14.0%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Innovana Thinklabs Ltd earned a ROCE of 16% in FY26. Its return on capital used (ROIC) is 6.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 28.0% net margin and 0.36× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 28.0% net margin × 0.36× asset turnover × 1.33× leverage (assets divided by equity) ≈ 13.4% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 6.0% − 12.0% = −6.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 6.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 10.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Innovana Thinklabs Ltd has total debt of ₹58.0 Cr against shareholder equity of ₹279 Cr as of Jun 2026, so its debt is 0.21× its equity, which is very little. Year by year, that ratio went from 0.17 in FY22 to 0.21 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.