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/E0.0

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%

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

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

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	7	13	12	13
OPM %	14	13	18	17	15
Other Income	0	0	1	1	1
Interest	0	0	0	0	1
Depreciation	0	0	0	0	0
	3	6	13	12	12
Tax %	26	25	26	24	26
Net Profit	2	4	9	9	9
EPS	13	2	4	2	2
Dividend Payout %	0	11	0	0	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	1	1	2	2	2
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	1	1	2	2	2

Mar 2021

: 25
: 22
Operating Profit: 3
OPM %: 14
Other Income: 0
Interest: 0
Depreciation: 0
: 3
Tax %: 26
Net Profit: 2
EPS: 13
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
: 46
Operating Profit: 7
OPM %: 13
Other Income: 0
Interest: 0
Depreciation: 0
: 6
Tax %: 25
Net Profit: 4
EPS: 2
Dividend Payout %: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2023

: 74
: 61
Operating Profit: 13
OPM %: 18
Other Income: 1
Interest: 0
Depreciation: 0
: 13
Tax %: 26
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

: 74
: 63
Operating Profit: 12
OPM %: 17
Other Income: 1
Interest: 0
Depreciation: 0
: 12
Tax %: 24
Net Profit: 9
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2025

: 86
: 75
Operating Profit: 13
OPM %: 15
Other Income: 1
Interest: 1
Depreciation: 0
: 12
Tax %: 26
Net Profit: 9
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

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:: -26%

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
LIABILITIES	-	-	-	-	-
	2	4	4	11	11
	5	7	16	59	71
	0	1	4	4	3
Trade Payables	4	19	18	14	19
	9	12	12	14	11
Total Liabilities	20	43	53	102	115
ASSETS	-	-	-	-	-
	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
Total Debt	0	1	4	4	3
Net Working Capital	10	10	21	68	79
Contingent Liabilities	0	0	13	1	1
Book Value per Share	36.93	5.38	9.60	12.44	14.44
Face Value	10.00	2.00	2.00	2.00	2.00
Total Debt	0	1	4	4	3
Net Working Capital	10	10	21	68	79
Contingent Liabilities	0	0	13	1	1
Book Value per Share	36.93	5.38	9.60	12.44	14.44
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: 4
: 13
Total Assets: 20
Total Debt: 0
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 36.93
Face Value: 10.00
Total Debt: 0
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 36.93
Face Value: 10.00

Mar 2022

: 4
: 7
: 1
Trade Payables: 19
: 12
Total Liabilities: 43
: 1
: 0
: 5
: 0
Cash & Bank: 2
: 36
Total Assets: 43
Total Debt: 1
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 5.38
Face Value: 2.00
Total Debt: 1
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 5.38
Face Value: 2.00

Mar 2023

: 4
: 16
: 4
Trade Payables: 18
: 12
Total Liabilities: 53
: 1
: 2
: 3
: 0
Cash & Bank: 1
: 47
Total Assets: 53
Total Debt: 4
Net Working Capital: 21
Contingent Liabilities: 13
Book Value per Share: 9.60
Face Value: 2.00
Total Debt: 4
Net Working Capital: 21
Contingent Liabilities: 13
Book Value per Share: 9.60
Face Value: 2.00

Mar 2024

: 11
: 59
: 4
Trade Payables: 14
: 14
Total Liabilities: 102
: 1
: 2
: 1
: 64
Cash & Bank: 23
: 11
Total Assets: 102
Total Debt: 4
Net Working Capital: 68
Contingent Liabilities: 1
Book Value per Share: 12.44
Face Value: 2.00
Total Debt: 4
Net Working Capital: 68
Contingent Liabilities: 1
Book Value per Share: 12.44
Face Value: 2.00

Mar 2025

: 11
: 71
: 3
Trade Payables: 19
: 11
Total Liabilities: 115
: 1
: 2
: 4
: 67
Cash & Bank: 27
: 15
Total Assets: 115
Total Debt: 3
Net Working Capital: 79
Contingent Liabilities: 1
Book Value per Share: 14.44
Face Value: 2.00
Total Debt: 3
Net Working Capital: 79
Contingent Liabilities: 1
Book Value per Share: 14.44
Face Value: 2.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-2	2	-5	-15	3
Cash from Investing	-1	0	-1	-2	-2
Cash from Financing	5	1	2	39	3
	2	3	-4	23	4
Free Cash Flow	-2	2	-5	-15	3
OCF / Net Profit	-0.81	0.48	-0.56	-1.67	0.36
Cumulative 5-Year FCF	0	0	0	0	0
OCF / Net Profit	-0.81	0.48	-0.56	-1.67	0.36
Cumulative 5-Year FCF	0	0	0	0	0

Mar 2021

: -2
Cash from Investing: -1
Cash from Financing: 5
: 2
Free Cash Flow: -2
OCF / Net Profit: -0.81
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.81
Cumulative 5-Year FCF: 0

Mar 2022

: 2
Cash from Investing: 0
Cash from Financing: 1
: 3
Free Cash Flow: 2
OCF / Net Profit: 0.48
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.48
Cumulative 5-Year FCF: 0

Mar 2023

: -5
Cash from Investing: -1
Cash from Financing: 2
: -4
Free Cash Flow: -5
OCF / Net Profit: -0.56
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.56
Cumulative 5-Year FCF: 0

Mar 2024

: -15
Cash from Investing: -2
Cash from Financing: 39
: 23
Free Cash Flow: -15
OCF / Net Profit: -1.67
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.67
Cumulative 5-Year FCF: 0

Mar 2025

: 3
Cash from Investing: -2
Cash from Financing: 3
: 4
Free Cash Flow: 3
OCF / Net Profit: 0.36
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.36
Cumulative 5-Year FCF: 0

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

Mar 2021

EPS (₹): 10.98
Book Value (₹): 36.93
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.66
Operating Margin %: 13.83%
Net Margin %: 8.68%
ROE %: 30.94%
ROCE %: 25.49%
: 11.07%
Debtor Days: 153
Inventory Days: 15
Payable Days: 234
: -66
Debt to Equity (x): 0.00x
Interest Coverage (x): 19.78x
: 2.27x
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 (₹): 1.86
Book Value (₹): 5.38
Dividend per Share (₹): 0.20
Cash EPS (₹): 1.15
Operating Margin %: 12.69%
Net Margin %: 8.31%
ROE %: 47.76%
ROCE %: 42.10%
: 13.63%
Debtor Days: 130
Inventory Days: 20
Payable Days: 225
: -75
Debt to Equity (x): 0.06x
Interest Coverage (x): 14.67x
: 1.37x
Revenue Growth %: 105.71%
Operating Profit Growth %: 88.69%
Net Profit Growth %: 97.13%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 4.60
Book Value (₹): 9.60
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.39
Operating Margin %: 18.16%
Net Margin %: 12.72%
ROE %: 61.38%
ROCE %: 56.62%
: 19.47%
Debtor Days: 169
Inventory Days: 18
Payable Days: 352
: -165
Debt to Equity (x): 0.16x
Interest Coverage (x): 40.82x
: 1.76x
Revenue Growth %: 42.32%
Operating Profit Growth %: 103.78%
Net Profit Growth %: 117.80%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 1.56
Book Value (₹): 12.44
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.62
Operating Margin %: 14.90%
Net Margin %: 11.77%
ROE %: 19.59%
ROCE %: 22.43%
: 11.32%
Debtor Days: 261
Inventory Days: 9
Payable Days: 335
: -65
Debt to Equity (x): 0.05x
Interest Coverage (x): 24.91x
: 3.45x
Revenue Growth %: 1.04%
Operating Profit Growth %: -8.05%
Net Profit Growth %: -6.53%
: -66.06%
P/E (x): 18.55x
P/B (x): 2.33x
Dividend Yield %: 0.00%
: 11.89x

Mar 2025

EPS (₹): 1.54
Book Value (₹): 14.44
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.58
Operating Margin %: 13.29%
Net Margin %: 10.22%
ROE %: 11.53%
ROCE %: 14.94%
: 8.10%
Debtor Days: 278
Inventory Days: 12
Payable Days: 446
: -156
Debt to Equity (x): 0.04x
Interest Coverage (x): 15.01x
: 3.90x
Revenue Growth %: 15.40%
Operating Profit Growth %: 4.90%
Net Profit Growth %: 0.23%
: -1.54%
P/E (x): 16.76x
P/B (x): 1.78x
Dividend Yield %: 0.00%
: 9.68x

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
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Jul 2024
Transcript PPTREC