INNOVANAInformation Technology

Innovana Thinklabs Limited

Computers - Software & Consulting · ISIN INE403Y01018 · BSE 544302 · NSE EQ · FV ₹10
Last price
₹299
-0.78%today
What this company does

Innovana Thinklabs Limited operates in Computers - Software & Consulting, part of the Information Technology sector. It booked ₹39 cr of revenue in its latest quarter (Q1 FY27) and kept 14.4% of sales as profit.

Innovana Fitness Labs Limited is a leading name in the fitness industry with its fitness centers all over India.
Their stated vision

to be the most admired and competitive Company in our industry and our mission to create the value for all our stakeholders.

Their stated mission

to create the value for all our stakeholders.

In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of companies in Information Technology, on the 5 of 6 measures we could read for it. Each measure is ranked against the 42–123 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)
42

At close. Not part of the score.

Profitability & returns46

How much profit it earns on the money it employs

Balance sheet55

How much it owes, and whether earnings cover the interest

Cash quality36

Whether reported profit actually arrives as cash

Valuation39

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 21% vs last year
Promoters hold 73%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Profit down 57% vs last year

What if I invest in INNOVANA?

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 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — 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 We do not publish price targets or predict returns.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 quarter + price
₹299 -0.78%
latest close · 2026-09-17
1-year return
+103.6%
52-wk low ₹11952-wk high ₹478
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 ratio27.9Average
LowAverageHigh
P/B ratio2.27Moderate
Below bookModerateHigh
EV / EBITDA14.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.3%Fair
WeakFairStrong ▸15%
Return on capital10.3%Fair
WeakFairStrong
Net margin14.4%Decent
ThinDecentStrong
EBITDA margin27.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover4.9×Okay
RiskyOkayStrong ▸5×
Current ratio2.38Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹618 cr
Book value
₹132
EPS
₹2.68
latest quarter
Net debt
₹-2 cr
more cash than debt
Enterprise value
₹616 cr
EBITDA
₹42 cr
annualised
EBIT
₹34 cr
annualised
Operating margin
21.6%
Return on assets
6.2%
Earnings yield
3.59%
P/S
3.96
Sales / share
₹75.5
Tax rate
30.8%
Face value
₹10
Shares
2.1 cr
Working capital
₹51 cr
Current assets
₹87 cr
Current liabilities
₹37 cr
Delivery %
59.1%
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 quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Slightly expensiveMedium confidence
Median of 2 models ₹260 vs market price ₹299 — price is 15% above it
Safety cushion-15.2%(target ≥ +20%)
Models span ₹179₹340, midpoint ₹260
Model ₹260
Price ₹299
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 · Q1 FY27 (consolidated)
Revenue from Operations₹39 cr
Other Income₹4 cr
Total Income₹43 cr
Cost of Materials₹9 cr
Purchases of Stock-in-Trade₹88.5 L
Inventory Change (±)₹-84.9 L
Employee Benefit Expense₹7 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹16 cr
Total Expenses₹36 cr
Profit before Tax₹7 cr
Tax Expense₹2 cr
Share of JV / Associates₹91.1 L
Net Profit₹6 cr
Net margin on total income13.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹9 cr20.4%
Employee benefit expense₹7 cr16.2%
Finance costs₹2 cr4.0%
Depreciation & amortisation₹2 cr5.0%
Other expenses₹16 cr37.0%
Tax expense₹2 cr4.7%
Profit for the period₹6 cr12.7%
Total income ₹43 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue35 cr33 cr39 cr
Total income38 cr35 cr43 cr
Expenses27 cr33 cr36 cr
Profit before tax11 cr2 cr7 cr
Tax3 cr1 cr2 cr
Net profit (owners' share)10 cr3 cr6 cr
Net margin (owners' share, on revenue)27.4%9.0%14.4%
EPS (₹)4.350.882.68
YoY (latest quarter): total income +22.3% · net profit -57.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹365 cr
Shareholder equity
₹272 cr
parent shareholders
Total debt
₹8 cr
Cash
₹10 cr
Cash flow · H1 FY26
Operating
₹20 cr
Investing
₹-39 cr
Financing
₹25 cr
Peer comparison
Computers - Software & Consulting · by market value
CompanyPriceMarket capP/E
Tata Consultancy Services Limited₹2,190₹7.93 L cr14.8
Infosys Limited₹1,059₹4.29 L cr13.8
HCL Technologies Limited₹1,258₹3.42 L cr18.4
Wipro Limited₹166₹1.65 L cr13.0
Tech Mahindra Limited₹1,561₹1.38 L cr23.6
LTM Limited₹4,265₹1.26 L cr21.6
Persistent Systems Limited₹5,473₹86,337 cr44.3
Coforge Limited₹1,793₹79,340 cr36.3
MphasiS Limited₹2,320₹44,284 cr22.6
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
72.7%
FII / Foreign
1.0%
DII / Domestic
1.5%
Retail / others
24.8%
Promoter stake down 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtChandan Garg · Promoters1.20 L · ₹5.2 cr9 May 25
BoughtChandan Garg · Promoters3,600 · ₹25.4 L31 Aug 23
BoughtChandan Garg · Promoters4,800 · ₹28.9 L18 Aug 23
Bulk / block deals
SoldBEELINE BROKING LIMITED · NSE90,000 @ ₹270.4527 Oct 22
SoldANSU INVESTMENT · NSE1.00 L @ ₹250.6127 Oct 22
BoughtSAMBHAVNATH INVESTMENTS AND FINANCES PRIVATE LIMITED · NSE88,000 @ ₹293.528 Aug 22
Stake changes
BoughtChandan Garg · promoter→ 0.56% · 1.20 L5 Sep 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
To consider and adopt the audited Standalone and Consolidated Financial Statements of the company for the financial year ended March 31, 2025, and the report of the Boards of Directors (‘the Boards’) and auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
5.24 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Mrs. Swaran Kanta (DIN: 07846714) who retires by rotation and being eligible, has offered herself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
5.24 L votes for, 0 against · 0% of mutual funds and other big investors said no
3
To consider the appointment of M/s Goyal Darda & Company as the Statutory Auditors of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
5.24 L votes for, 0 against · 0% of mutual funds and other big investors said no
4
To regularize of Additional Director, Mr. Varun Kaul (DIN: 11282034) by appointing as Independent Director of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
5.24 L votes for, 0 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

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 — 7 named members
owning 72.7% between them · as of 2026-06-30
CHANDAN GARG70.71%
KAPIL GARG1.93%
PRIYANKA GARG0.01%
AKASH BANSALno shares
NANCYno shares
NARENDRA KUMAR GARGno shares
SWARAN KANTAno shares
Business done with them
FY2025 · 4 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 1.6% of its ₹103 cr revenue.
Mr. Kapil Garg
Paid them for services · as per note no.36
also owns 1.93% of the company
₹57 L
company paid
Mr. Chandan Garg
Paid them for services · as per note no.36
also owns 70.71% of the company
₹50 L
company paid
Mr. Chandan Garg
Other payments to them · as per note no.36
also owns 70.71% of the company
₹41.7 L
company paid
Mrs. Swaran Kanta
Paid them for services · as per note no.36
₹7 L
company paid
Mr. Narendra Kumar Garg
Paid them for services · as per note no.36
₹7 L
company paid
Mr. Chandan Garg
Contribution made to them · as per note no.36
also owns 70.71% of the company
₹6.3 L
company paid

The company also transacted with 11 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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

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.

₹14 cr raised in Sep 2025 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside, leaving ₹14 cr still to be spent.

General Corporate Purposes
0%
₹0 cr of ₹14 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.