# Innovana Thinklabs share price today (Innovana Thinklabs Ltd, NSE: INNOVANA)

> Innovana Thinklabs share price today: ₹283.40 at the NSE close on 3 November 2026, down 41.2% in a year. Innovana Thinklabs (NSE: INNOVANA) is worth ₹585 crore, trades at a P/E of 19.0 and has closed between ₹276.70 and ₹481.85 over the past 52 weeks. > Innovana Thinklabs Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. INNOVANA · IT - Software · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/innovana-thinklabs-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹283.40 (−41.2% in a year)
- P/E: 19.0× (higher than 55% of the last 8.1 years)
- Revenue (Jun 2026): ₹39.0 Cr (+21.4% on a year ago)
- Profit (Jun 2026): ₹5.5 Cr (−57.9% on a year ago)
- Operating margin: 17.6% (−32.5 points on a year ago)
- ROCE: 16%, FY26
- ROIC: 6.0%, against a 12.0% cost of capital: −6.0 points

The main question: yearly earnings per share moved −14.3% while the share price moved −41.2%. ## What is the Innovana Thinklabs share price today? Innovana Thinklabs Ltd's share price was ₹283.40 at the close on 3 November 2026. It has been falling for 46 weeks. That is 17.7% 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 3% of the way up from that low. 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 +1,452% 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. ## What changed at Innovana Thinklabs this quarter? 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. ## What are Innovana Thinklabs' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹39.0 crore | ₹32.1 crore | +21.4% |
| Profit | ₹5.53 crore | ₹13.1 crore | −57.9% |
| Earnings per share | ₹2.72 | ₹6.32 | −57.0% |
| Operating margin | 17.6% | 50.1% | −32.5 points |

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.)

## What is the Innovana Thinklabs share price history? Innovana Thinklabs closed at ₹283.40 on 3 November 2026, down 41.2% from ₹482.00 a year earlier (31 October 2025) and up 256.8% over five years. Its highest weekly close since December 2017 was ₹763.75 on 25 August 2023. ### Innovana Thinklabs share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹276.70 | +2.4% |
| 1 month ago · 1 Oct 2026 | ₹290.20 | −2.3% |
| 6 months ago · 30 Apr 2026 | ₹405.35 | −30.1% |
| 1 year ago · 31 Oct 2025 | ₹482.00 | −41.2% |
| 3 years ago · 3 Nov 2023 | ₹590.00 | −52.0% |
| 5 years ago · 29 Oct 2021 | ₹79.43 | +256.8% |
| Earliest and lowest weekly close in our records · 15 Dec 2017 | ₹18.26 | +1,452.0% |
| Highest weekly close since December 2017 · 25 Aug 2023 | ₹763.75 | −62.9% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹481.85 | −41.2% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹276.70 | +2.4% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (459 weekly closes from 15 December 2017 to 3 November 2026.)

## What is the latest news on Innovana Thinklabs? 3 Nov 2026: Innovana Thinklabs closed at ₹283.40, up 2.4% on the week and down 2.3% on the month. Results for April to June 2026: Revenue up 21.4% and profit down 57.9% on a year earlier. ## What dividend does Innovana Thinklabs pay? 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 4 November 2026.)

## Which stock lists is Innovana Thinklabs on? Innovana Thinklabs is on one of our India lists: IT stocks. [IT stocks Market value (₹ crore): 597.0503412969283](https://www.sectoralpha.in/sectors/it-stocks-india)

## Is Innovana Thinklabs profitable? 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. 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. ## How much revenue does Innovana Thinklabs make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Innovana Thinklabs keep? 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. 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. ## Is Innovana Thinklabs' profit turning into cash? 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. 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. ## Where does Innovana Thinklabs' cash go? 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. 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. ## What is Innovana Thinklabs' P/E ratio, and how does it compare with its own history? Innovana Thinklabs Ltd's P/E is 19.0×, in the middle of its own history: higher than 55% 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. Why the multiple is where it is: over the past year earnings per share moved −14.3% while the price moved −41.2%. 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. ## Is the Innovana Thinklabs business getting better or worse? 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. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Innovana Thinklabs earn on its capital? 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). 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. ## Does Innovana Thinklabs have too much debt? 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. ## What is the Innovana Thinklabs shareholding pattern? Domestic institutions raised their stake in Innovana Thinklabs Ltd by 1.4 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 1.4% of the company. Foreign institutions moved +1.0 points over the same period, to 1.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +1.4 points over 8 quarters, to 1.4%; Foreign institutions: +1.0 points over 8 quarters, to 1.3%; Promoters: −0.6 points over 8 quarters, to 72.7%. Why the owners changed: domestic institutions drove it (+1.4 points), together with foreign institutions (+1.0 points). They raised their stake step by step. ## How far is Innovana Thinklabs from balance-sheet trouble? For Innovana Thinklabs Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Innovana Thinklabs rank in its industry? 37.6 out of 100, rank 51 of 69 in IT - Software, with 81% of the evidence available. Innovana Thinklabs Ltd scores 37.6 out of 100 against the 69 companies it is compared with in IT - Software, ranking 51. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 9.9 + 11.3 + 8.2 + 8.2 = 37.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Innovana Thinklabs compared with? Innovana Thinklabs ranks 51 of 69 IT - Software companies on the 4-Factor Sector Score, with 37.6 out of 100. 1. [Coforge Ltd](https://www.sectoralpha.in/stocks/coforge-ltd) COFORGE · leader · Most evidence points up · 100% evidence 69.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 41.5% · Profit 56.3% · Operating margin change 1 points · 100% evidence Capital efficiency 16.5/25 · ROCE 23.5% · Operating margin 20% · 100% evidence Valuation 11.3/20 · P/E 41.7× · PEG 0.57 · 100% evidence Relative strength 18.5/20 · Lead over its industry 24.5% · Lead over NIFTY 500 35.5% · 1 year 15% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.4 + 16.5 + 11.3 + 18.5 = 69.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Expleo Solutions Ltd](https://www.sectoralpha.in/stocks/expleo-solutions-ltd) EXPLEOSOL · breaking out · Most evidence points up · 81% evidence 68.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.4% · Profit 39.4% · Operating margin change 4 points · 88% evidence Capital efficiency 15.4/25 · ROCE 24.2% · Operating margin 15% · 100% evidence Valuation 18.7/20 · P/E 8.5× · PEG 0.33 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.7% · 1 year -20.7% · 25% evidence · 8 of 12 weeks ahead Exact sum: 24.6 + 15.4 + 18.7 + 9.6 = 68.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Cigniti Technologies Ltd](https://www.sectoralpha.in/stocks/cigniti-technologies-ltd) CIGNITITEC · Too little evidence to rank firmly · 55% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.8/43.75 · Revenue 14% · Profit 96.1% · Operating margin change 2 points · 47% evidence Capital efficiency 20.9/31.25 · ROCE 34.1% · Operating margin 18% · 75% evidence Valuation 19.5/25 · P/E 11.4× · PEG 0.74 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.8 + 20.9 + 19.5 = 68.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Metalic Technoforge Ltd](https://www.sectoralpha.in/stocks/metalic-technoforge-ltd) META · turning · Too little evidence to rank firmly · 51% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.8/43.75 · Revenue 100% · Profit 100% · Operating margin change 0 points · 83% evidence Capital efficiency 20.2/31.25 · ROCE 44% · Operating margin 11% · 76% evidence Valuation 14.3/25 · P/E 6.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 32.8 + 20.2 + 14.3 = 67.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Sahana Systems Ltd](https://www.sectoralpha.in/stocks/sahana-systems-ltd) SAHANA · leader · Too little evidence to rank firmly · 54% evidence 66.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 100% · Profit 100% · Operating margin change -3 points · 27% evidence Capital efficiency 18.4/25 · ROCE 39.8% · Operating margin 29% · 57% evidence Valuation 12.0/20 · P/E 14.5× · PEG n/a · 50% evidence Relative strength 17.2/20 · Lead over its industry 12.3% · Lead over NIFTY 500 22.7% · 1 year 5.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.4 + 18.4 + 12 + 17.2 = 66 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Silver Touch Technologies Ltd](https://www.sectoralpha.in/stocks/silver-touch-technologies-ltd) SILVERTUC · quiet · Most evidence points up · 100% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Revenue 21.7% · Profit 88% · Operating margin change 5 points · 100% evidence Capital efficiency 21.3/25 · ROCE 29.8% · Operating margin 21% · 100% evidence Valuation 11.2/20 · P/E 31.6× · PEG 1.11 · 100% evidence Relative strength 3.0/20 · Lead over its industry -21.7% · Lead over NIFTY 500 -13.9% · 1 year 52.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 29.9 + 21.3 + 11.2 + 3 = 65.4 · What this means: Earnings are strong; relative strength in its sector is -21.7% and the one-year return is 52.9%. 7. [NINtec Systems Ltd](https://www.sectoralpha.in/stocks/nintec-systems-ltd) NINSYS · turning · Most evidence points up · 93% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 18.8% · Profit 23.3% · Operating margin change 2 points · 100% evidence Capital efficiency 22.4/25 · ROCE 54% · Operating margin 27% · 100% evidence Valuation 6.6/20 · P/E 48.1× · PEG 2.08 · 65% evidence Relative strength 18.2/20 · Lead over its industry 57.5% · Lead over NIFTY 500 70.4% · 1 year 113.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 18.2 + 22.4 + 6.6 + 18.2 = 65.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Unified Data- Tech Solutions Ltd](https://www.sectoralpha.in/stocks/unified-data-tech-solutions-ltd) breaking out · Too little evidence to rank firmly · 56% evidence 63.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue n/a · Profit n/a · Operating margin change 2 points · 26% evidence Capital efficiency 18.4/25 · ROCE 34.1% · Operating margin 15% · 95% evidence Valuation 10.2/20 · P/E 17.3× · PEG n/a · 15% evidence Relative strength 17.8/20 · Lead over its industry 11.5% · Lead over NIFTY 500 22% · 1 year -7.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 17 + 18.4 + 10.2 + 17.8 = 63.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [ASM Technologies Ltd](https://www.sectoralpha.in/stocks/asm-technologies-ltd) leader · Evidence leans up · 61% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 67.8% · Profit 89.5% · Operating margin change 2 points · 83% evidence Capital efficiency 16.0/25 · ROCE 27% · Operating margin 23% · 95% evidence Valuation 8.7/20 · P/E 124× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry n/a · Lead over NIFTY 500 66.2% · 1 year 78.6% · 25% evidence · 12 of 12 weeks ahead Exact sum: 26.1 + 16 + 8.7 + 12.3 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Tanla Platforms Ltd](https://www.sectoralpha.in/stocks/tanla-platforms-ltd) TANLA · turning · Evidence leans up · 85% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 17.7% · Profit 15.4% · Operating margin change 0 points · 100% evidence Capital efficiency 18.4/25 · ROCE 26.3% · Operating margin 16% · 100% evidence Valuation 14.0/20 · P/E 15× · PEG 1.07 · 100% evidence Relative strength 11.7/20 · Lead over its industry n/a · Lead over NIFTY 500 26.7% · 1 year 2.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 18.7 + 18.4 + 14 + 11.7 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [String Metaverse Ltd](https://www.sectoralpha.in/stocks/string-metaverse-ltd) breaking out · Evidence leans up · 83% evidence 62.5 out of 100 Growth Capital Valuation Relative
12. [Tech Mahindra Ltd](https://www.sectoralpha.in/stocks/tech-mahindra-ltd) TECHM · leader · Evidence leans up · 85% evidence 62.1 out of 100 Growth Capital Valuation Relative
13. [Infosys Ltd](https://www.sectoralpha.in/stocks/infosys-ltd) INFY · breaking out · Evidence leans up · 82% evidence 61.7 out of 100 Growth Capital Valuation Relative
14. [InfoBeans Technologies Ltd](https://www.sectoralpha.in/stocks/infobeans-technologies-ltd) INFOBEAN · quiet · Evidence leans up · 100% evidence 61.6 out of 100 Growth Capital Valuation Relative
15. [Zensar Technologies Ltd](https://www.sectoralpha.in/stocks/zensar-technologies-ltd) ZENSARTECH · turning · Evidence leans up · 100% evidence 61.6 out of 100 Growth Capital Valuation Relative
16. [Tata Consultancy Services Ltd](https://www.sectoralpha.in/stocks/tata-consultancy-services-ltd) TCS · breaking out · Evidence leans up · 100% evidence 60.9 out of 100 Growth Capital Valuation Relative
17. [Sasken Technologies Ltd](https://www.sectoralpha.in/stocks/sasken-technologies-ltd) SASKEN · turning · Evidence leans up · 100% evidence 60.8 out of 100 Growth Capital Valuation Relative
18. [Birlasoft Ltd](https://www.sectoralpha.in/stocks/birlasoft-ltd) BSOFT · breaking out · Evidence leans up · 100% evidence 59.6 out of 100 Growth Capital Valuation Relative
19. [Seshaasai Technologies Ltd](https://www.sectoralpha.in/stocks/seshaasai-technologies-ltd) STYL · quiet · Evidence leans up · 68% evidence 59.6 out of 100 Growth Capital Valuation Relative
20. [Xchanging Solutions Ltd](https://www.sectoralpha.in/stocks/xchanging-solutions-ltd) XCHANGING · quiet · Evidence leans up · 85% evidence 59.1 out of 100 Growth Capital Valuation Relative
21. [RNIT AI Solutions Ltd](https://www.sectoralpha.in/stocks/rnit-ai-solutions-ltd) AUTOPALIND · breaking out · Evidence leans up · 69% evidence 59.1 out of 100 Growth Capital Valuation Relative
22. [Danlaw Technologies India Ltd](https://www.sectoralpha.in/stocks/danlaw-technologies-india-ltd) breaking out · Evidence leans up · 68% evidence 58.8 out of 100 Growth Capital Valuation Relative
23. [Softtech Engineers Ltd](https://www.sectoralpha.in/stocks/softtech-engineers-ltd) SOFTTECH · breaking out · Evidence leans up · 79% evidence 58.3 out of 100 Growth Capital Valuation Relative
24. [R Systems International Ltd](https://www.sectoralpha.in/stocks/r-systems-international-ltd) RSYSTEMS · losing its lead · Evidence leans up · 96% evidence 57.1 out of 100 Growth Capital Valuation Relative
25. [HCL Technologies Ltd](https://www.sectoralpha.in/stocks/hcl-technologies-ltd) HCLTECH · leader · Evidence leans up · 82% evidence 56.7 out of 100 Growth Capital Valuation Relative
26. [Datamatics Global Services Ltd](https://www.sectoralpha.in/stocks/datamatics-global-services-ltd) DATAMATICS · quiet · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative
27. [Wipro Ltd](https://www.sectoralpha.in/stocks/wipro-ltd) WIPRO · turning · Evidence leans up · 100% evidence 55.4 out of 100 Growth Capital Valuation Relative
28. [Subex Ltd](https://www.sectoralpha.in/stocks/subex-ltd) SUBEXLTD · breaking out · Evidence leans up · 64% evidence 54.2 out of 100 Growth Capital Valuation Relative
29. [Ksolves India Ltd](https://www.sectoralpha.in/stocks/ksolves-india-ltd) KSOLVES · quiet · Evidence leans up · 100% evidence 52.8 out of 100 Growth Capital Valuation Relative
30. [Capillary Technologies India Ltd](https://www.sectoralpha.in/stocks/capillary-technologies-india-ltd) CAPILLARY · breaking out · Too little evidence to rank firmly · 59% evidence 52.6 out of 100 Growth Capital Valuation Relative
31. [LTM Ltd](https://www.sectoralpha.in/stocks/ltm-ltd) LTM · losing its lead · Evidence leans up · 100% evidence 51.2 out of 100 Growth Capital Valuation Relative
32. [TechNVision Ventures Ltd](https://www.sectoralpha.in/stocks/technvision-ventures-ltd) TECHNVISN · quiet · Evidence leans up · 64% evidence 51.2 out of 100 Growth Capital Valuation Relative
33. [Saksoft Ltd](https://www.sectoralpha.in/stocks/saksoft-ltd) SAKSOFT · basing · Evidence leans up · 96% evidence 50.9 out of 100 Growth Capital Valuation Relative
34. [BLS E-Services Ltd](https://www.sectoralpha.in/stocks/bls-e-services-ltd) BLSE · leader · Evidence leans up · 78% evidence 50.5 out of 100 Growth Capital Valuation Relative
35. [Mphasis Ltd](https://www.sectoralpha.in/stocks/mphasis-ltd) MPHASIS · breaking out · Evidence leans up · 81% evidence 50.4 out of 100 Growth Capital Valuation Relative
36. [Excelsoft Technologies Ltd](https://www.sectoralpha.in/stocks/excelsoft-technologies-ltd) EXCELSOFT · breaking out · Too little evidence to rank firmly · 59% evidence 50.3 out of 100 Growth Capital Valuation Relative
37. [Blue Cloud Softech Solutions Ltd](https://www.sectoralpha.in/stocks/blue-cloud-softech-solutions-ltd) BLUECLOUDS · turning · Evidence leans down · 64% evidence 49.9 out of 100 Growth Capital Valuation Relative
38. [ACS Technologies Ltd](https://www.sectoralpha.in/stocks/acs-technologies-ltd) ACSTECH · Evidence leans down · 74% evidence 49.5 out of 100 Growth Capital Valuation Relative
39. [Magellanic Cloud Ltd](https://www.sectoralpha.in/stocks/magellanic-cloud-ltd) MCLOUD · basing · Evidence leans down · 81% evidence 49.2 out of 100 Growth Capital Valuation Relative
40. [Dynacons Systems & Solutions Ltd](https://www.sectoralpha.in/stocks/dynacons-systems-solutions-ltd) DSSL · quiet · Evidence leans down · 96% evidence 48.6 out of 100 Growth Capital Valuation Relative
41. [IZMO Ltd](https://www.sectoralpha.in/stocks/izmo-ltd) IZMO · quiet · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative
42. [Mastek Ltd](https://www.sectoralpha.in/stocks/mastek-ltd) MASTEK · quiet · Evidence leans down · 100% evidence 47.1 out of 100 Growth Capital Valuation Relative
43. [Sonata Software Ltd](https://www.sectoralpha.in/stocks/sonata-software-ltd) SONATSOFTW · quiet · Evidence leans down · 96% evidence 46.9 out of 100 Growth Capital Valuation Relative
44. [AvenuesAI Ltd](https://www.sectoralpha.in/stocks/avenuesai-ltd) CCAVENUE · quiet · Evidence leans down · 89% evidence 44.8 out of 100 Growth Capital Valuation Relative
45. [Unicommerce eSolutions Ltd](https://www.sectoralpha.in/stocks/unicommerce-esolutions-ltd) UNIECOM · turning · Evidence leans down · 78% evidence 44.6 out of 100 Growth Capital Valuation Relative
46. [Hexaware Technologies Ltd](https://www.sectoralpha.in/stocks/hexaware-technologies-ltd) HEXT · basing · Evidence leans down · 85% evidence 42.0 out of 100 Growth Capital Valuation Relative
47. [Allied Digital Services Ltd](https://www.sectoralpha.in/stocks/allied-digital-services-ltd) ADSL · basing · Evidence leans down · 74% evidence 41.1 out of 100 Growth Capital Valuation Relative
48. [Hypersoft Technologies Ltd](https://www.sectoralpha.in/stocks/hypersoft-technologies-ltd) quiet · Evidence leans down · 80% evidence 40.9 out of 100 Growth Capital Valuation Relative
49. [Kellton Tech Solutions Ltd](https://www.sectoralpha.in/stocks/kellton-tech-solutions-ltd) KELLTONTEC · quiet · Evidence leans down · 96% evidence 39.0 out of 100 Growth Capital Valuation Relative
50. [3i Infotech Ltd](https://www.sectoralpha.in/stocks/3i-infotech-ltd) 3IINFOLTD · Too little evidence to rank firmly · 58% evidence 38.9 out of 100 Growth Capital Valuation Relative
51. Innovana Thinklabs Ltd this page INNOVANA · basing · Evidence leans down · 81% evidence 37.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.9/35 · Revenue 26% · Profit -39% · Operating margin change -32.5 points · 88% evidence Capital efficiency 11.3/25 · ROCE 15.8% · Operating margin 17.6% · 100% evidence Valuation 8.2/20 · P/E 19.6× · PEG 1.49 · 100% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.1% · 1 year -39.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 9.9 + 11.3 + 8.2 + 8.2 = 37.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 52. [Mindteck (India) Ltd](https://www.sectoralpha.in/stocks/mindteck-indialtd) MINDTECK · Most evidence points down · 76% evidence 32.8 out of 100 Growth Capital Valuation Relative
53. [Aurionpro Solutions Ltd](https://www.sectoralpha.in/stocks/aurionpro-solutions-ltd) AURIONPRO · basing · Most evidence points down · 93% evidence 29.7 out of 100 Growth Capital Valuation Relative
54. [Moschip Technologies Ltd](https://www.sectoralpha.in/stocks/moschip-technologies-ltd) MOSCHIP · quiet · Most evidence points down · 65% evidence 26.1 out of 100 Growth Capital Valuation Relative
55. [Quick Heal Technologies Ltd](https://www.sectoralpha.in/stocks/quick-heal-technologies-ltd) QUICKHEAL · turning · Most evidence points down · 80% evidence 22.9 out of 100 Growth Capital Valuation Relative
56. Orient Technologies Ltd ORIENTTECH · quiet · Most evidence points down · 76% evidence 21.2 out of 100 Growth Capital Valuation Relative
57. [Covance Softsol Ltd](https://www.sectoralpha.in/stocks/covance-softsol-ltd) Too little evidence to rank firmly · 31% evidence 62.9 out of 100 Growth Capital Valuation Relative
58. [Exato Technologies Ltd](https://www.sectoralpha.in/stocks/exato-technologies-ltd) losing its lead · Too little evidence to rank firmly · 43% evidence 59.3 out of 100 Growth Capital Valuation Relative
59. [TAC Infosec Ltd](https://www.sectoralpha.in/stocks/tac-infosec-ltd) TAC · quiet · Too little evidence to rank firmly · 48% evidence 58.5 out of 100 Growth Capital Valuation Relative
60. [Veefin Solutions Ltd](https://www.sectoralpha.in/stocks/veefin-solutions-ltd) VEEFIN · basing · Too little evidence to rank firmly · 43% evidence 54.2 out of 100 Growth Capital Valuation Relative
61. [Kody Technolab Ltd](https://www.sectoralpha.in/stocks/kody-technolab-ltd) KODYTECH · leader · Too little evidence to rank firmly · 35% evidence 53.5 out of 100 Growth Capital Valuation Relative
62. [Optivalue Tek Consulting Ltd](https://www.sectoralpha.in/stocks/optivalue-tek-consulting-ltd) OPTIVALUE · Too little evidence to rank firmly · 32% evidence 51.4 out of 100 Growth Capital Valuation Relative
63. [Workmates Core2cloud Solution Ltd](https://www.sectoralpha.in/stocks/workmates-core2cloud-solution-ltd) Too little evidence to rank firmly · 26% evidence 50.7 out of 100 Growth Capital Valuation Relative
64. [Trident Techlabs Ltd](https://www.sectoralpha.in/stocks/trident-techlabs-ltd) TECHLABS · Too little evidence to rank firmly · 27% evidence 47.6 out of 100 Growth Capital Valuation Relative
65. [ERP Soft Systems Ltd](https://www.sectoralpha.in/stocks/erp-soft-systems-ltd) Too little evidence to rank firmly · 36% evidence 46.7 out of 100 Growth Capital Valuation Relative
66. [Sancode Technologies Ltd](https://www.sectoralpha.in/stocks/sancode-technologies-ltd) Too little evidence to rank firmly · 35% evidence 46.6 out of 100 Growth Capital Valuation Relative
67. [63 Moons Technologies Ltd](https://www.sectoralpha.in/stocks/63-moons-technologies-ltd) 63MOONS · leader · Too little evidence to rank firmly · 46% evidence 45.6 out of 100 Growth Capital Valuation Relative
68. [XT Global Infotech Ltd](https://www.sectoralpha.in/stocks/xt-global-infotech-ltd) XTGLOBAL · Too little evidence to rank firmly · 40% evidence 45.4 out of 100 Growth Capital Valuation Relative
69. [IDream Film Infrastructure Company Ltd](https://www.sectoralpha.in/stocks/idream-film-infrastructure-company-ltd) quiet · Too little evidence to rank firmly · 42% evidence 34.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [IT - Software](https://www.sectoralpha.in/sectors/it-software), all 69 compared on one page. ## Which companies are close to Innovana Thinklabs in size? Innovana Thinklabs is the 53rd largest of 68 IT - Software companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: TAC Infosec, Xchanging Solutions and Veefin Solutions. Just below it: Danlaw Technologies India, Allied Digital Services and Kellton Tech Solutions. ### IT - Software companies close in size

1. [TAC Infosec Ltd](https://www.sectoralpha.in/stocks/tac-infosec-ltd) ₹784 crore
2. [Xchanging Solutions Ltd](https://www.sectoralpha.in/stocks/xchanging-solutions-ltd) ₹622 crore
3. [Veefin Solutions Ltd](https://www.sectoralpha.in/stocks/veefin-solutions-ltd) ₹611 crore
4. Innovana Thinklabs Ltd ₹605 crore
5. [Danlaw Technologies India Ltd](https://www.sectoralpha.in/stocks/danlaw-technologies-india-ltd) ₹603 crore
6. [Allied Digital Services Ltd](https://www.sectoralpha.in/stocks/allied-digital-services-ltd) ₹596 crore
7. [Kellton Tech Solutions Ltd](https://www.sectoralpha.in/stocks/kellton-tech-solutions-ltd) ₹579 crore

[All 68 IT - Software companies, largest first](https://www.sectoralpha.in/sectors/it-software#all-companies)

### Companies close in size in other industries

1. [Asian Hotels (West) Ltd](https://www.sectoralpha.in/stocks/asian-hotels-westltd) ₹606 crore · Hotels
2. [Supreme Power Equipment Ltd](https://www.sectoralpha.in/stocks/supreme-power-equipment-ltd) ₹606 crore · Capital Goods - Transformers
3. Innovana Thinklabs Ltd ₹605 crore
4. [Danlaw Technologies India Ltd](https://www.sectoralpha.in/stocks/danlaw-technologies-india-ltd) ₹603 crore · IT - Software
5. [Delton Cables Ltd](https://www.sectoralpha.in/stocks/delton-cables-ltd) ₹603 crore · Cables - Power

## What else do people ask about Innovana Thinklabs? ### What is Innovana Thinklabs's share price today? Innovana Thinklabs Ltd's share price is ₹283.40, −41.2% over the past year. The whole company is worth ₹585 Cr on the market. In the last 52 weeks it traded between ₹277 to ₹482; today it is 3% of the way up from the low, 17.7% below its 200-day average (as of 3 November 2026). ### What were Innovana Thinklabs's latest quarterly results? Innovana Thinklabs Ltd reported revenue of ₹39.0 Cr and net profit of ₹5.5 Cr for the Jun 2026 quarter. Revenue rose 21.4% and profit fell 57.9% compared with a year earlier. Earnings per share were ₹2.72. The operating margin was 17.6%, 32.5 percentage points lower than a year earlier (as of 3 November 2026). ### What is Innovana Thinklabs's market cap? Innovana Thinklabs Ltd's market capitalisation is ₹585 Cr at a share price of ₹283.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Innovana Thinklabs performing? Innovana Thinklabs Ltd's share price has been falling for 46 weeks. In its latest quarter, revenue rose 21.4% and profit fell 57.9% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running (as of 3 November 2026). ### Will Innovana Thinklabs's share price go up? This page does not forecast Innovana Thinklabs Ltd's share price. What it shows instead: the share price is ₹283.40, and it has been falling for 46 weeks. Its P/E of 19.0× is higher than 55% of its own last 8 years (as of 3 November 2026). ### Who owns Innovana Thinklabs? Promoters own 72.7% of Innovana Thinklabs Ltd, foreign institutions 1.3%, domestic institutions 1.4% and the public 24.7% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 1.4 percentage points over 8 quarters (as of 3 November 2026). ### Does Innovana Thinklabs have too much debt? No, Innovana Thinklabs Ltd has little debt: its debt is 0.21× its equity, and its operating profit is 9 times its interest bill. FY26 borrowings were ₹58.0 Cr against equity of ₹273 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Innovana Thinklabs in its business cycle? Innovana Thinklabs Ltd's FY26 operating margin was 35.0%, against a 10-year range of 8.0% to 54.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 17.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Innovana Thinklabs story? The main question: yearly earnings per share moved −14.3% while the share price moved −41.2%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Innovana Thinklabs a stock worth studying right now? What the numbers show: Innovana Thinklabs Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- IT stocks: https://www.sectoralpha.in/sectors/it-stocks-india

This is research, not advice. We’re not SEBI-registered.