Canarys Automations Ltd.

•

ecanarys.comBSE: -NSE: CANARYS

Market Cap₹ 153 Cr.

Current Price

High / Low₹ 35 / 15

Stock P/E15.4

Book Value₹ 14

Price to Book1.78

Dividend Yield0.00 %

ROCE14.9 %

ROE11.5 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Technology Solutions: 64.7% • Water Resources Management Solutions: 35.3%

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 31.3%
Company has a good return on equity (ROE) track record: 3 Years ROE 30.8%
Company comfortably covers its interest (15.0x coverage)
Attractively priced for its growth - PEG of 0.6

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.62x)
Operating cash flow has been negative in recent years
Equity base is being diluted - shares outstanding up 180.3%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TCS	2300.90	16.72	832485.76	4.78	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1130.00	15.14	458580.27	4.25	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1294.00	20.15	351148.26	4.17	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	176.80	13.25	175109.01	6.22	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1592.00	30.38	156037.29	3.20	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4550.00	25.80	134962.70	1.65	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	12067.35	30.79	105086.26	3.31	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5655.00	46.38	89207.62	0.71	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1967.45	49.61	87153.72	0.80	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2425.35	24.23	46294.46	2.56	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3492.45	28.07	37047.05	1.66	357.10	12.97	2940.10	11.47	27.70	18.65
12.	CANARYS	26.10	12.44	153.32	0.00	—	—	—	—	14.36	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	25	52	74	74	86
	22	46	61	63	75
Operating Profit	3	6	13	11	11
OPM %	13.18%	11.84%	17.04%	14.90%	13.29%
	0	0	1	1	1
Interest	0	0	0	0	1
Depreciation	0	0	0	0	0
Profit before Tax	3	6	13	12	12
Tax %	26.38%	25.35%	26.08%	23.80%	25.64%
Net Profit	2	4	9	9	9
EPS	12.54	1.95	4.34	1.56	1.54
Dividend Payout %	0.00%	10.77%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 18%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 27%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -15%

RETURN ON EQUITY

10 Years:: —
5 Years:: 34%
3 Years:: 31%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2	4	4	11	11
	5	7	16	59	71
	0	1	4	4	3
Trade Payables	4	19	18	14	19
	9	12	11	14	11
Total Liabilities	20	43	53	102	115
	1	1	1	1	1
	1	0	2	2	2
	1	5	3	1	4
	0	0	0	64	67
Cash & Bank	4	2	1	23	27
	13	36	47	11	15
Total Assets	20	43	53	102	115

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-1	4	-2	-15	3
Cash from Investing	-1	0	-1	-2	-2
Cash from Financing	5	1	2	39	3
	2	3	-4	23	4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	10.98	1.86	4.60	1.56	1.54
Book Value (₹)	36.93	5.38	9.60	12.44	14.44
Dividend per Share (₹)	0.00	0.20	0.00	0.00	0.00
Cash EPS (₹)	0.66	1.15	2.39	1.62	1.58
PROFITABILITY
Operating Margin %	13.83%	12.69%	18.16%	14.90%	13.29%
Net Margin %	8.68%	8.31%	12.72%	11.77%	10.22%
ROE %	30.94%	47.76%	61.38%	19.59%	11.53%
ROCE %	25.49%	42.10%	56.62%	22.43%	14.94%
	11.07%	13.63%	19.47%	11.32%	8.10%
EFFICIENCY
Debtor Days	153	130	169	261	278
Inventory Days	15	20	18	9	12
Payable Days	234	225	352	335	446
	-66	-75	-165	-65	-156
FINANCIAL HEALTH
Debt to Equity (x)	0.00x	0.06x	0.16x	0.05x	0.04x
Interest Coverage (x)	19.78x	14.67x	40.82x	24.91x	15.01x
	2.27x	1.37x	1.76x	3.45x	3.90x
GROWTH
Revenue Growth %	0.00%	105.71%	42.32%	1.04%	15.40%
Operating Profit Growth %	0.00%	88.69%	103.78%	-8.05%	4.90%
Net Profit Growth %	0.00%	97.13%	117.80%	-6.53%	0.23%
	0.00%	0.00%	0.00%	-66.06%	-1.54%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	18.55x	16.76x
P/B (x)	0.00x	0.00x	0.00x	2.33x	1.78x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	11.89x	9.68x

Shareholding Pattern

Numbers in percentages

	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	56.59	56.59	56.62	57.28	58.16
	0.00	0.00	0.00	0.00	0.01
	3.62	3.36	3.92	4.26	2.70
Government	0.00	0.00	0.00	0.00	0.00
	39.79	40.05	39.46	38.46	39.13

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for CANARYS

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Canarys Automations Ltd.

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Name

TCS

2300.90

16.72

832485.76

4.78

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1130.00

15.14

458580.27

4.25

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1294.00

20.15

351148.26

4.17

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

176.80

13.25

175109.01

6.22

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1592.00

30.38

156037.29

3.20

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4550.00

25.80

134962.70

1.65

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

12067.35

30.79

105086.26

3.31

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5655.00

46.38

89207.62

0.71

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1967.45

49.61

87153.72

0.80

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2425.35

24.23

46294.46

2.56

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3492.45

28.07

37047.05

1.66

357.10

12.97

2940.10

11.47

27.70

18.65

CANARYS

26.10

12.44

153.32

0.00

—

14.36

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Operating Profit

OPM %

13.18%

11.84%

17.04%

14.90%

13.29%

Interest

Depreciation

Profit before Tax

Tax %

26.38%

25.35%

26.08%

23.80%

25.64%

Net Profit

EPS

12.54

1.95

4.34

1.56

1.54

Dividend Payout %

0.00%

10.77%

0.00%

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Trade Payables

Total Liabilities

102

115

Cash & Bank

Total Assets

102

115

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-1

-2

-15

Cash from Investing

-1

-2

Cash from Financing

-4

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

10.98

1.86

4.60

1.56

1.54

Book Value (₹)

36.93

5.38

9.60

12.44

14.44

Dividend per Share (₹)

0.00

0.20

0.00

Cash EPS (₹)

0.66

1.15

2.39

1.62

1.58

PROFITABILITY

Operating Margin %

13.83%

12.69%

18.16%

14.90%

13.29%

Net Margin %

8.68%

8.31%

12.72%

11.77%

10.22%

ROE %

30.94%

47.76%

61.38%

19.59%

11.53%

ROCE %

25.49%

42.10%

56.62%

22.43%

14.94%

11.07%

13.63%

19.47%

11.32%

8.10%

EFFICIENCY

Debtor Days

153

130

169

261

278

Inventory Days

Payable Days

234

225

352

335

446

-66

-75

-165

-65

-156

FINANCIAL HEALTH

Debt to Equity (x)

0.00x

0.06x

0.16x

0.05x

0.04x

Interest Coverage (x)

19.78x

14.67x

40.82x

24.91x

15.01x

2.27x

1.37x

1.76x

3.45x

3.90x

GROWTH

Revenue Growth %

0.00%

105.71%

42.32%

1.04%

15.40%

Operating Profit Growth %

0.00%

88.69%

103.78%

-8.05%

4.90%

Net Profit Growth %

0.00%

97.13%

117.80%

-6.53%

0.23%

0.00%

-66.06%

-1.54%

VALUATION

P/E (x)

0.00x

18.55x

16.76x

P/B (x)

0.00x

2.33x

1.78x

Dividend Yield %

0.00%

0.00x

11.89x

9.68x

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

56.59

56.62

57.28

58.16

0.00

0.01

3.62

3.36

3.92

4.26

2.70

Government

0.00

39.79

40.05

39.46

38.46

39.13

Canarys Automations Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Canarys Automations Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI