Canarys Automations Ltd.

•

₹ 23.352.86%

2026-08-21

ecanarys.comBSE: -NSE: CANARYS

Market Cap₹ 132 Cr.

Current Price₹ 23

High / Low₹ 35 / 15

Stock P/E10.7

Book Value₹ 14

Price to Book1.80

Dividend Yield0.00 %

ROCE14.4 %

ROE10.9 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Technology Solutions: 65.9% • Water Resource Management Solutions: 34.1%

PROS

Company is almost debt free
Company has a good return on equity (ROE) track record: 3 Years ROE 27.7%
Company has a healthy return on capital (ROCE) of 25.1%
Company has consistently been profitable over the last 5 years
Company comfortably covers its interest (10.7x coverage)
Attractively priced for its growth - PEG of 0.5

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.59x)
Operating cash flow has been negative in recent years
Equity base is being diluted - shares outstanding up 180.3%
Though reporting repeated profits, the company pays out little dividend (0.0%)

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

Peer comparison

EDIT COLUMNS

Information TechnologyITIT - Software

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	TCS	2287.00	16.62	827456.62	4.81	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1117.05	14.97	453305.21	4.30	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1322.50	20.60	358882.21	4.08	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	179.50	13.45	177780.78	6.13	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1582.20	30.20	155076.76	3.22	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4535.00	25.72	134517.77	1.65	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11720.00	29.90	102061.42	3.41	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5510.00	45.20	86920.25	0.73	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1815.00	45.76	80390.07	0.87	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2420.00	24.18	46192.17	2.56	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3538.70	28.44	37537.66	1.64	357.10	12.97	2940.10	11.47	27.70	18.65
12.	CANARYS	22.40	10.68	131.59	0.00	—	—	—	—	14.36	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

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

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	26	52	75	75	89
	22	45	62	64	78
Operating Profit	3	7	14	12	13
OPM %	13	14	19	16	15
Other Income	0	0	1	1	1
Interest	0	1	1	1	1
Depreciation	0	0	0	0	0
	3	6	12	11	11
Tax %	30	27	28	25	28
Net Profit	2	5	9	8	8
EPS	1	2	4	1	1
Dividend Payout %	0	10	0	0	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	1	1	2	1	1
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	1	1	2	1	1

Mar 2021

: 26
: 22
Operating Profit: 3
OPM %: 13
Other Income: 0
Interest: 0
Depreciation: 0
: 3
Tax %: 30
Net Profit: 2
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2022

: 52
: 45
Operating Profit: 7
OPM %: 14
Other Income: 0
Interest: 1
Depreciation: 0
: 6
Tax %: 27
Net Profit: 5
EPS: 2
Dividend Payout %: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2023

: 75
: 62
Operating Profit: 14
OPM %: 19
Other Income: 1
Interest: 1
Depreciation: 0
: 12
Tax %: 28
Net Profit: 9
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2024

: 75
: 64
Operating Profit: 12
OPM %: 16
Other Income: 1
Interest: 1
Depreciation: 0
: 11
Tax %: 25
Net Profit: 8
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2025

: 89
: 78
Operating Profit: 13
OPM %: 15
Other Income: 1
Interest: 1
Depreciation: 0
: 11
Tax %: 28
Net Profit: 8
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 20%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 22%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -26%

RETURN ON EQUITY

10 Years:: —
5 Years:: 32%
3 Years:: 28%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-
	2	4	4	11	11
	5	8	16	58	70
	0	9	14	8	7
Trade Payables	4	14	14	11	18
	9	13	12	16	13
Total Liabilities	20	48	61	104	120
ASSETS	-	-	-	-	-
	1	1	1	1	1
	1	0	1	1	1
	1	4	4	2	6
	0	0	0	65	68
Cash & Bank	1	6	6	24	28
	16	37	49	12	16
Total Assets	20	48	61	104	120
Total Debt	0	9	14	8	7
Net Working Capital	8	11	22	68	79
Contingent Liabilities	0	0	13	1	1
Book Value per Share	38.59	5.70	9.89	12.41	14.32
Face Value	10.00	2.00	2.00	2.00	2.00
Total Debt	0	9	14	8	7
Net Working Capital	8	11	22	68	79
Contingent Liabilities	0	0	13	1	1
Book Value per Share	38.59	5.70	9.89	12.41	14.32
Face Value	10.00	2.00	2.00	2.00	2.00

Mar 2021

: 2
: 5
: 0
Trade Payables: 4
: 9
Total Liabilities: 20
: 1
: 1
: 1
: 0
Cash & Bank: 1
: 16
Total Assets: 20
Total Debt: 0
Net Working Capital: 8
Contingent Liabilities: 0
Book Value per Share: 38.59
Face Value: 10.00
Total Debt: 0
Net Working Capital: 8
Contingent Liabilities: 0
Book Value per Share: 38.59
Face Value: 10.00

Mar 2022

: 4
: 8
: 9
Trade Payables: 14
: 13
Total Liabilities: 48
: 1
: 0
: 4
: 0
Cash & Bank: 6
: 37
Total Assets: 48
Total Debt: 9
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 5.70
Face Value: 2.00
Total Debt: 9
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 5.70
Face Value: 2.00

Mar 2023

: 4
: 16
: 14
Trade Payables: 14
: 12
Total Liabilities: 61
: 1
: 1
: 4
: 0
Cash & Bank: 6
: 49
Total Assets: 61
Total Debt: 14
Net Working Capital: 22
Contingent Liabilities: 13
Book Value per Share: 9.89
Face Value: 2.00
Total Debt: 14
Net Working Capital: 22
Contingent Liabilities: 13
Book Value per Share: 9.89
Face Value: 2.00

Mar 2024

: 11
: 58
: 8
Trade Payables: 11
: 16
Total Liabilities: 104
: 1
: 1
: 2
: 65
Cash & Bank: 24
: 12
Total Assets: 104
Total Debt: 8
Net Working Capital: 68
Contingent Liabilities: 1
Book Value per Share: 12.41
Face Value: 2.00
Total Debt: 8
Net Working Capital: 68
Contingent Liabilities: 1
Book Value per Share: 12.41
Face Value: 2.00

Mar 2025

: 11
: 70
: 7
Trade Payables: 18
: 13
Total Liabilities: 120
: 1
: 1
: 6
: 68
Cash & Bank: 28
: 16
Total Assets: 120
Total Debt: 7
Net Working Capital: 79
Contingent Liabilities: 1
Book Value per Share: 14.32
Face Value: 2.00
Total Debt: 7
Net Working Capital: 79
Contingent Liabilities: 1
Book Value per Share: 14.32
Face Value: 2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-2	-3	-7	-12	4
Cash from Investing	-1	0	-1	-2	-2
Cash from Financing	6	8	5	32	2
	3	6	-3	18	4
Free Cash Flow	-2	-3	-7	-12	4
OCF / Net Profit	-0.76	-0.58	-0.80	-1.47	0.46
Cumulative 5-Year FCF	0	0	0	0	0
OCF / Net Profit	-0.76	-0.58	-0.80	-1.47	0.46
Cumulative 5-Year FCF	0	0	0	0	0

Mar 2021

: -2
Cash from Investing: -1
Cash from Financing: 6
: 3
Free Cash Flow: -2
OCF / Net Profit: -0.76
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.76
Cumulative 5-Year FCF: 0

Mar 2022

: -3
Cash from Investing: 0
Cash from Financing: 8
: 6
Free Cash Flow: -3
OCF / Net Profit: -0.58
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.58
Cumulative 5-Year FCF: 0

Mar 2023

: -7
Cash from Investing: -1
Cash from Financing: 5
: -3
Free Cash Flow: -7
OCF / Net Profit: -0.80
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.80
Cumulative 5-Year FCF: 0

Mar 2024

: -12
Cash from Investing: -2
Cash from Financing: 32
: 18
Free Cash Flow: -12
OCF / Net Profit: -1.47
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.47
Cumulative 5-Year FCF: 0

Mar 2025

: 4
Cash from Investing: -2
Cash from Financing: 2
: 4
Free Cash Flow: 4
OCF / Net Profit: 0.46
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.46
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-
EPS (₹)	10.56	1.98	3.98	1.42	1.45
Book Value (₹)	38.59	5.70	9.89	12.41	14.32
Dividend per Share (₹)	0.00	0.20	0.00	0.00	0.00
Cash EPS (₹)	0.64	1.21	2.21	1.48	1.50
PROFITABILITY	-	-	-	-	-
Operating Margin %	13.40%	14.14%	18.54%	14.72%	12.85%
Net Margin %	8.21%	8.85%	11.58%	10.66%	9.31%
ROE %	28.51%	47.94%	54.27%	17.78%	10.93%
ROCE %	24.54%	36.11%	41.17%	19.76%	14.36%
	10.51%	13.49%	15.94%	9.69%	7.39%
EFFICIENCY	-	-	-	-	-
Debtor Days	148	129	168	261	273
Inventory Days	15	19	21	14	16
Payable Days	220	201	292	264	346
	-58	-53	-104	11	-57
FINANCIAL HEALTH	-	-	-	-	-
Debt to Equity (x)	0.00x	0.52x	0.56x	0.11x	0.09x
Interest Coverage (x)	32.06x	10.32x	8.95x	8.88x	10.72x
	2.07x	1.37x	1.63x	3.24x	3.40x
GROWTH	-	-	-	-	-
Revenue Growth %	0.00%	101.07%	44.67%	0.67%	18.75%
Operating Profit Growth %	0.00%	112.09%	89.67%	-10.72%	4.92%
Net Profit Growth %	0.00%	116.62%	89.40%	-7.40%	3.69%
	0.00%	0.00%	0.00%	-64.22%	1.86%
VALUATION	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	20.35x	17.77x
P/B (x)	0.00x	0.00x	0.00x	2.33x	1.80x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	12.16x	9.91x

Mar 2021

EPS (₹): 10.56
Book Value (₹): 38.59
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.64
Operating Margin %: 13.40%
Net Margin %: 8.21%
ROE %: 28.51%
ROCE %: 24.54%
: 10.51%
Debtor Days: 148
Inventory Days: 15
Payable Days: 220
: -58
Debt to Equity (x): 0.00x
Interest Coverage (x): 32.06x
: 2.07x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 1.98
Book Value (₹): 5.70
Dividend per Share (₹): 0.20
Cash EPS (₹): 1.21
Operating Margin %: 14.14%
Net Margin %: 8.85%
ROE %: 47.94%
ROCE %: 36.11%
: 13.49%
Debtor Days: 129
Inventory Days: 19
Payable Days: 201
: -53
Debt to Equity (x): 0.52x
Interest Coverage (x): 10.32x
: 1.37x
Revenue Growth %: 101.07%
Operating Profit Growth %: 112.09%
Net Profit Growth %: 116.62%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 3.98
Book Value (₹): 9.89
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.21
Operating Margin %: 18.54%
Net Margin %: 11.58%
ROE %: 54.27%
ROCE %: 41.17%
: 15.94%
Debtor Days: 168
Inventory Days: 21
Payable Days: 292
: -104
Debt to Equity (x): 0.56x
Interest Coverage (x): 8.95x
: 1.63x
Revenue Growth %: 44.67%
Operating Profit Growth %: 89.67%
Net Profit Growth %: 89.40%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 1.42
Book Value (₹): 12.41
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.48
Operating Margin %: 14.72%
Net Margin %: 10.66%
ROE %: 17.78%
ROCE %: 19.76%
: 9.69%
Debtor Days: 261
Inventory Days: 14
Payable Days: 264
: 11
Debt to Equity (x): 0.11x
Interest Coverage (x): 8.88x
: 3.24x
Revenue Growth %: 0.67%
Operating Profit Growth %: -10.72%
Net Profit Growth %: -7.40%
: -64.22%
P/E (x): 20.35x
P/B (x): 2.33x
Dividend Yield %: 0.00%
: 12.16x

Mar 2025

EPS (₹): 1.45
Book Value (₹): 14.32
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.50
Operating Margin %: 12.85%
Net Margin %: 9.31%
ROE %: 10.93%
ROCE %: 14.36%
: 7.39%
Debtor Days: 273
Inventory Days: 16
Payable Days: 346
: -57
Debt to Equity (x): 0.09x
Interest Coverage (x): 10.72x
: 3.40x
Revenue Growth %: 18.75%
Operating Profit Growth %: 4.92%
Net Profit Growth %: 3.69%
: 1.86%
P/E (x): 17.77x
P/B (x): 1.80x
Dividend Yield %: 0.00%
: 9.91x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Mar 2024

: 56.59
: 0.00
: 3.62
Government: 0.00
: 39.79

Sep 2024

: 56.59
: 0.00
: 3.36
Government: 0.00
: 40.05

Mar 2025

: 56.62
: 0.00
: 3.92
Government: 0.00
: 39.46

Sep 2025

: 57.28
: 0.00
: 4.26
Government: 0.00
: 38.46

Mar 2026

: 58.16
: 0.01
: 2.70
Government: 0.00
: 39.13

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Nothing filed yet.

Concalls

Dec 2025
Transcript PPTREC
Jul 2025
Transcript PPTREC
Jul 2024
Transcript PPTREC