CANARYS

Canarys Automations Limited

Listed company · ISIN INE0QG301017 · NSE SM · FV ₹2
Last price
₹30
-1.46%today
What this company does

Canarys Automations Limited is a listed company. It booked ₹97 cr of revenue in its latest half year (H2 FY26) and kept 6.2% of sales as profit.

55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 607–2,867 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
68

At close. Not part of the score.

Profitability & returns53

How much profit it earns on the money it employs

Balance sheet71

How much it owes, and whether earnings cover the interest

Cash quality36

Whether reported profit actually arrives as cash

Valuation23

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 88% vs last year
✓ Profit up 47% vs last year
✓ Promoters hold 58%
✓ No promoter shares pledged
Watch-outs
! Thin 6.2% net margin

What if I invest in CANARYS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹30▼ -1.46%
latest close · 2026-09-25
52-wk low ₹1848 sessions so far52-wk high ₹33
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio16.7Average
LowAverageHigh
P/B ratio1.95Moderate
Below bookModerateHigh
EV / EBITDA11.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.1%Fair
WeakFairStrong ▸15%
Return on capital15.8%Strong
WeakFairStrong
Net margin6.2%Decent
ThinDecentStrong
EBITDA margin8.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.11Comfortable
LowModerateHigh ▸1
Interest cover12.6×Strong
RiskyOkayStrong ▸5×
Current ratio2.87Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹178 cr
Book value
₹16
EPS
₹0.91
latest half year
Net debt
₹10 cr
owes more than its cash
Enterprise value
₹188 cr
EBITDA
₹17 cr
annualised
EBIT
₹17 cr
annualised
Operating margin
8.6%
Return on assets
8.6%
Earnings yield
6.00%
P/S
0.92
Sales / share
₹33.0
Tax rate
24.9%
Face value
₹2
Shares
5.9 cr
Working capital
₹66 cr
Current assets
₹101 cr
Current liabilities
₹35 cr
Delivery %
60.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-25.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹15 vs market price ₹30 — price is 99% above it
Safety cushion-98.9%(target ≥ +20%)
Models span ₹10–₹22, midpoint ₹15
Model ₹15
Price ₹30
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹97 cr
Other Income₹1 cr
Total Income₹98 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹35 cr
Inventory Change (±)₹3 cr
Employee Benefit Expense₹36 cr
Finance Costs₹65.9 L
Other Expenses₹12 cr
Total Expenses₹88 cr
Profit before Tax₹8 cr
Tax Expense₹2 cr
Net Profit₹6 cr
Net margin on total income6.1%
Where the money goes · H2 FY26
% of total income
Materials + stock-in-trade₹39 cr40.6%
Employee benefit expense₹36 cr38.0%
Finance costs₹65.9 L0.7%
Other expenses₹12 cr12.4%
Tax expense₹2 cr2.0%
Profit for the period₹6 cr6.3%
Total income ₹98 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH2 FY25H1 FY26H2 FY26
Revenue51 cr101 cr97 cr
Total income52 cr102 cr98 cr
Expenses46 cr89 cr88 cr
Profit before tax6 cr12 cr8 cr
Tax2 cr3 cr2 cr
Net profit (owners' share)4 cr9 cr6 cr
Net margin (owners' share, on revenue)7.9%9.0%6.2%
EPS (₹)0.701.200.91
YoY (latest quarter): total income +87.5% · net profit +47.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹141 cr
Shareholder equity
₹92 cr
parent shareholders
Total debt
₹10 cr
Cash
₹0.2 L
Who owns it · 2026-03-31
No pledge
Promoter
58.2%
FII / Foreign
0.0%
DII / Domestic
2.7%
Retail / others
39.1%
Promoter stake up 1.5% over the last 4 quarters.
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 65 named members
owning 58.1% between them · as of 2026-03-31
Metikurke Ramaswamy Raman Subbarao17.58%
Raghu Chandrashekhariah13.15%
Danavadi Krishnamurthy Arun12.65%
Sheshadri Yedavanahalli Srinivas6.12%
Pushparaj Shetty4.86%
Ramya Vineeth1.70%
Nagaraju Vineeth1.04%
Metikurke Ramaswamy Prabhakar0.51%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it
2 fundraises spent differently than promised

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹5 cr raised in Nov 2025 by selling shares to selected investors

As of Mar 2026, the company says it has spent 45% of what it set aside.

Working Capital
45%
of what was set aside
General Corporate Purpose
45%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

₹47 cr raised in Oct 2023 by selling shares to the public
⚑ company reported a change of plan

As of Mar 2026, the company says it has spent 84% of what it set aside, leaving ₹9 cr still to be spent.

“Strategic investment by way of acquisition of equity shares of M/s. Fortira Inc., USA (Foreign Subsidiary Company)”the company’s own explanation, as filed · shareholders approved the change
Funding expenditure relating to solutions development for digital transformation and water resources management solutions (Object-I)
100%
₹11 cr of ₹11 cr
Creation of new delivery center including infrastructure thereof and upgrading existing facilities (Object-II)
now filed as: YES
0%
₹0 cr of ₹9 cr
Funding working capital requirements of our Company (Object-III)
100%
₹15 cr of ₹15 cr
General corporate purposes (Object-IV)
100%
₹6 cr of ₹6 cr
Issue Related Expenses (Object-IV)
100%
₹6 cr of ₹6 cr
New Object: Strategic investment by way of acquisition of equity shares of Fortira Inc., USA
now filed as: YES
originally ₹0 cr
budget changed
100%
₹9 cr of ₹9 cr
₹47 cr raised in Oct 2023 by selling shares to the public
⚑ company reported a change of plan

As of Sep 2025, the company says it has spent 77% of what it set aside, leaving ₹13 cr still to be spent.

“Strategic investment by way of acquisition of equity shares of M/s. Fortira Inc., USA”the company’s own explanation, as filed · shareholders approved the change
Funding expenditure relating to solutions development for digital transformation and water resources management solutions (Object-I)
66%
₹7 cr of ₹11 cr
Creation of new delivery center including infrastructure thereof and upgrading existing facilities (Object-II)
now filed as: YES
0%
₹0 cr of ₹9 cr
Funding working capital requirements of our Company (Object-III)
100%
₹15 cr of ₹15 cr
General corporate purposes (Object-IV)
100%
₹6 cr of ₹6 cr
Issue Related Expenses (Object-IV)
100%
₹6 cr of ₹6 cr
New Object: Strategic investment by way of acquisition of equity shares of Fortira Inc., USA
now filed as: YES
originally ₹0 cr
budget changed
100%
₹9 cr of ₹9 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.