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Canarys Automations Ltd

CANARYS·NSE
30.50+6.83%Tue, 22 Sept '26

Canarys Automations Ltd

CANARYS
NSE
30.50
+6.83%
|Tue, 22 Sept '26
SOICxStockScans Reports
6M
Price
Charts
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Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
179Cr
Close
Close Price
30.50
Industry
Industry
IT - Software
PE
Price To Earnings
14.45
PS
Price To Sales
0.90
Revenue
Revenue
198Cr
Rev Gr TTM
Revenue Growth TTM
122.44%
PAT Gr TTM
PAT Growth TTM
78.89%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Revenue
RevenueCr
29463144385210197
Growth YoY
Revenue Growth YoY%
7.8-3.821.217.1169.388.2
Expenses
ExpensesCr
2636273732468990
Operating Profit
Operating ProfitCr
3104766127
OPM
OPM%
11.120.913.815.314.811.412.27.5
Other Income
Other IncomeCr
10011111
Interest Expense
Interest ExpenseCr
11110111
Depreciation
DepreciationCr
00000000
PBT
PBTCr
394766128
Tax
TaxCr
12122233
PAT
PATCr
26354496
Growth YoY
PAT Growth YoY%
19.9-16.958.9-23.6115.940.7
NPM
NPM%
7.714.18.612.111.27.99.05.9
EPS
EPS
0.00.00.01.10.80.71.20.9
QuarterSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Revenue
RevenueCr
29463144385210197
Growth YoY
Revenue Growth YoY%
7.8-3.821.217.1169.388.2
Expenses
ExpensesCr
2636273732468990
Operating Profit
Operating ProfitCr
3104766127
OPM
OPM%
11.120.913.815.314.811.412.27.5
Other Income
Other IncomeCr
10011111
Interest Expense
Interest ExpenseCr
11110111
Depreciation
DepreciationCr
00000000
PBT
PBTCr
394766128
Tax
TaxCr
12122233
PAT
PATCr
26354496
Growth YoY
PAT Growth YoY%
19.9-16.958.9-23.6115.940.7
NPM
NPM%
7.714.18.612.111.27.99.05.9
EPS
EPS
0.00.00.01.10.80.71.20.9

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
182652757589198
Growth
Revenue Growth%
40.4101.144.70.718.8122.4
Expenses
ExpensesCr
162245626478175
Operating Profit
Operating ProfitCr
23713111123
OPM
OPM%
9.812.813.217.114.712.811.6
Other Income
Other IncomeCr
000112-2
Interest Expense
Interest ExpenseCr
0012111
Depreciation
DepreciationCr
0000000
PBT
PBTCr
23612111120
Tax
TaxCr
0123335
PAT
PATCr
12598815
Growth
PAT Growth%
70.8116.689.4-7.43.778.9
NPM
NPM%
6.88.28.811.610.79.37.5
EPS
EPS
7.11.22.14.01.71.42.1
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
182652757589198
Growth
Revenue Growth%
40.4101.144.70.718.8122.4
Expenses
ExpensesCr
162245626478175
Operating Profit
Operating ProfitCr
23713111123
OPM
OPM%
9.812.813.217.114.712.811.6
Other Income
Other IncomeCr
000112-2
Interest Expense
Interest ExpenseCr
0012111
Depreciation
DepreciationCr
0000000
PBT
PBTCr
23612111120
Tax
TaxCr
0123335
PAT
PATCr
12598815
Growth
PAT Growth%
70.8116.689.4-7.43.778.9
NPM
NPM%
6.88.28.811.610.79.37.5
EPS
EPS
7.11.22.14.01.71.42.1

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital
Equity CapitalCr
22441111
Reserves
ReservesCr
358166073
Current Liabilities
Current LiabilitiesCr
6730353033
Non Current Liabilities
Non Current LiabilitiesCr
000000
Total Liabilities
Total LiabilitiesCr
11204861105121
Current Assets
Current AssetsCr
815425798111
Non Current Assets
Non Current AssetsCr
356479
Total Assets
Total AssetsCr
11204861105121
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital
Equity CapitalCr
22441111
Reserves
ReservesCr
358166073
Current Liabilities
Current LiabilitiesCr
6730353033
Non Current Liabilities
Non Current LiabilitiesCr
000000
Total Liabilities
Total LiabilitiesCr
11204861105121
Current Assets
Current AssetsCr
815425798111
Non Current Assets
Non Current AssetsCr
356479
Total Assets
Total AssetsCr
11204861105121

Cash Flow

Consolidated
Standalone
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
0-2-3-7-1347
Investing Cash Flow
Investing Cash FlowCr
0-10-1-2-4-30
Financing Cash Flow
Financing Cash FlowCr
06853323
Net Cash Flow
Net Cash FlowCr
036-3182-20
Free Cash Flow
Free Cash FlowCr
0-2-3-7-161-23
CFO To PAT
CFO To PAT%
17.0-76.2-58.1-79.6-163.846.444.2
CFO To EBITDA
CFO To EBITDA%
11.8-49.0-39.0-53.9-118.533.628.6
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
0-2-3-7-1347
Investing Cash Flow
Investing Cash FlowCr
0-10-1-2-4-30
Financing Cash Flow
Financing Cash FlowCr
06853323
Net Cash Flow
Net Cash FlowCr
036-3182-20
Free Cash Flow
Free Cash FlowCr
0-2-3-7-161-23
CFO To PAT
CFO To PAT%
17.0-76.2-58.1-79.6-163.846.444.2
CFO To EBITDA
CFO To EBITDA%
11.8-49.0-39.0-53.9-118.533.628.6

Ratios

Consolidated
Standalone
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
16314788179
Price To Earnings
Price To Earnings
21.618.47.214.4
Price To Sales
Price To Sales
2.21.60.50.9
Price To Book
Price To Book
2.31.80.81.7
EV To EBITDA
EV To EBITDA
13.311.17.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
89.473.168.172.674.069.6
OPM
OPM%
9.812.813.217.114.712.811.611.6
NPM
NPM%
6.88.28.811.610.79.37.57.5
ROCE
ROCE%
34.541.833.839.115.213.9
ROE
ROE%
25.528.539.242.811.39.8
ROA
ROA%
11.710.59.614.27.66.9
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
16314788179
Price To Earnings
Price To Earnings
21.618.47.214.4
Price To Sales
Price To Sales
2.21.60.50.9
Price To Book
Price To Book
2.31.80.81.7
EV To EBITDA
EV To EBITDA
13.311.17.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
89.473.168.172.674.069.6
OPM
OPM%
9.812.813.217.114.712.811.611.6
NPM
NPM%
6.88.28.811.610.79.37.57.5
ROCE
ROCE%
34.541.833.839.115.213.9
ROE
ROE%
25.528.539.242.811.39.8
ROA
ROA%
11.710.59.614.27.66.9
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Canarys Automations is a digital-transformation house that has spent over three decades evolving from a small project-based IT-services shop into a solutions-led partner for more than 1,000 customers across 10 countries. Founded by Chairman Raman Subbarao M R and now listed on NSE Emerge, the company rewires how businesses operate by combining proprietary software tools, deep alliances with technology giants like Microsoft and GitHub, and a 400-strong team skilled in AI, cloud, and automation. The recurring approach that explains everything else is a shift from selling one-off projects to delivering repeatable, outcome-focused solutions - what the company calls “Solution is our Mantra” - built on its own IP, frameworks, and accelerators. # Business segments Two engines at different stages - a broad technology-solutions platform serving enterprises globally, and a specialised government water-infrastructure business being deliberately run lean - with the first generating nearly all the momentum. ## 1. Technology Solutions: the digital-modernisation engine **A full-stack services and IP factory that upgrades legacy systems, moves companies to the cloud, and layers on AI - all while building a catalogue of proprietary software products that are just beginning to reach paying customers.** - **Modernises code others are afraid to touch** - the company converts, rewrites, and ports legacy systems written in 36 programming languages into modern architectures, using proprietary frameworks that can analyse old codebases and recreate all the business rules without rewriting entire applications. - **Cloud broker, not just a builder** - it helps clients migrate to and manage Azure, GCP, and AWS with zero downtime, then keeps optimising costs through FinOps (cloud financial operations) and continuous management, so the relationship outlasts the move. - **Automation that runs on 500-plus bots** - the practice draws on what it calls the world’s largest bot store to deploy robotic process automation and GenAI-powered workflows, cutting staffing costs and human error for clients in banking, insurance, and manufacturing. - **An AI product suite in pilot** - the company has built more than 25 proprietary, domain-agnostic tools listed on marketplaces from Microsoft to GitHub, but they are not yet broadly commercialised; the first AI-powered product, AURYIS, launched in August 2025 to evaluate digital content against global regulations, internal policies, and custom business rules, and a proprietary large language model is under development. - **Deeply embedded with the platforms that matter** - Canarys is a Microsoft Gold Partner for DevOps and cloud, a GitHub Verified Partner, and won GitHub’s top global partner award in 2025, which gives it early access to technology and a pipeline of customers referred by the platforms themselves. ## 2. Water Resource Management: the government infrastructure specialist **A niche, project-based business that wires up dams, canals, and cities with sensors and software to manage water in real time - deliberately run for cash-flow discipline after years of slow government payments.** - **Turns physical water systems into software-controlled networks** - the company delivers turnkey automation for canals, SCADA-based reservoir gate control, and flood early warning systems that use IoT sensors, AI, and satellite data to forecast floods and optimise water release across 15 Indian states. - **Proved the model in Gorakhpur** - its Urban Flood Management Centre, running since May 2025, cut waterlogging duration to under 90 minutes in most areas, reduced pump breakdowns by 60%, and improved flood-forecast accuracy by 80%. - **Contracts come in two phases, and the first phase now pays faster** - a typical deal splits into design-and-installation (SITC) followed by up to five years of operations and maintenance; the company successfully renegotiated terms so that roughly 60-70% of the contract value now arrives in year one, up from 40% earlier, which speeds up cost recovery. - **Deliberately throttled for working-capital reasons** - because government receivables still stretch to 180-300 days, management has chosen to reduce focus on this segment and will pursue new bids only selectively, even though the order book still stands at INR 57 crores and the long-term market for modernising half of India’s irrigated land is estimated at roughly INR 492 billion. # Group structure and partners **A Bengaluru-headquartered parent with two wholly owned subsidiaries in the US and Singapore, a recently acquired American AI firm, and a web of platform alliances that double as a sales channel.** - The parent, Canarys Automations Limited, is listed on NSE Emerge and operates from Bengaluru, with a second unit on the same road. - Two wholly owned subsidiaries - Canarys Corp. in New Jersey (incorporated 2002) and Canarys APAC Pte Ltd in Singapore (incorporated 2019) - serve as regional delivery and sales hubs, with the US arm recently receiving a INR 10 crore inter-corporate loan from the parent to fund its business activities. - In April 2025, Canarys acquired a 51% stake in Fortira Inc., a New Jersey-based AI and data specialist with over 100 professionals, four proprietary solutions, and long-term relationships with more than 25 large enterprise clients in banking, healthcare, and pharma - a deal funded entirely from IPO proceeds, promoter warrants, and internal cash, without adding debt. - The partnership ecosystem - Microsoft, GitHub, GitLab, SAP, Atlassian, Snyk, and others - functions as more than a badge collection; being a GitHub Verified Partner and Microsoft Gold Partner means Canarys is authorised to sell professional services directly to those platforms’ customers in India, APAC, and the US, turning vendor relationships into a go-to-market engine.

Documents — Canarys Automations Ltd

  • Q1 FY2027 Earnings Call Transcript (Jun 2026, PDF): https://www.stockscans.in/document/63whxigur4c4h5z1cqsgyinb.pdf
  • Q2 FY2026 Earnings Call Transcript (Sep 2025, PDF): https://www.stockscans.in/document/yvwuv105omzddusl6sdnl37t.pdf
  • Q1 FY2026 Earnings Call Transcript (Jun 2025, PDF): https://www.stockscans.in/document/jysrj6mbgzqkxp1vqq8e1gtj.pdf
  • Q1 FY2025 Earnings Call Transcript (Jun 2024, PDF): https://www.stockscans.in/document/biwy5c2qqhbcjmarper5ijx5.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/7f45e1oujjou2tmulatoie1x.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/1ardb771k61nwbp470tgl7tp.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/66quupehn5rqkny6uqm7n0wn.pdf
  • Q2 FY2025 Quarterly Result (Sep 2024, PDF): https://www.stockscans.in/document/1eno23p00fijrgs9ncwpiqgj.pdf
  • Q4 FY2024 Quarterly Result (Mar 2024, PDF): https://www.stockscans.in/document/71w2qpsubviy25abt7u31r0v.pdf
  • Q1 FY2027 Investor Presentation (Jun 2026, PDF): https://www.stockscans.in/document/pqlfgziagamq873u5hfygnn3.pdf
  • Q2 FY2026 Investor Presentation (Sep 2025, PDF): https://www.stockscans.in/document/9e36f5dr8by62kaypp9el9v7.pdf
  • Q4 FY2025 Investor Presentation (Mar 2025, PDF): https://www.stockscans.in/document/x9li6jex6u9wk81wbd31gwik.pdf
  • Q4 FY2024 Investor Presentation (Mar 2024, PDF): https://www.stockscans.in/document/lbm36pbsj1z987sh8p934aq5.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/vc20le2vjuekfbj1d3gcsjom.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/k487nz032q9qzwdu3ot7v9fa.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/g4q853oab2lh7tsmgdqksl6y.pdf

Concall Transcript Summaries — Canarys Automations Ltd

  • Q1 FY2027 Concall Transcript Summary (Jun 2026): https://www.stockscans.in/company/NSE%3ACANARYS/transcript-notes/202606/63whxigur4c4h5z1cqsgyinb.pdf
  • Q2 FY2026 Concall Transcript Summary (Sep 2025): https://www.stockscans.in/company/NSE%3ACANARYS/transcript-notes/202509/yvwuv105omzddusl6sdnl37t.pdf
  • Q1 FY2026 Concall Transcript Summary (Jun 2025): https://www.stockscans.in/company/NSE%3ACANARYS/transcript-notes/202506/jysrj6mbgzqkxp1vqq8e1gtj.pdf
  • Q1 FY2025 Concall Transcript Summary (Jun 2024): https://www.stockscans.in/company/NSE%3ACANARYS/transcript-notes/202406/biwy5c2qqhbcjmarper5ijx5.pdf