CANARYS
Canarys Automations financials
- Market cap
- ₹139 Cr
- Sector
- Information Technology
- Calls analysed
- 3
Canarys Automations Ltd H2 and FY26
What went well
- FY26 standalone revenue of INR 101.7 crores, up 16% YoY, crossing the INR 100 crore milestone for the first time.
- FY26 consolidated revenue of INR 199.7 crores, up 121% YoY, nearing the INR 200 crore mark.
- Standalone EBITDA grew 25% to INR 17.5 crores, with margin improving to 17% from 16% in FY25.
What to watch
- FY26 standalone PAT of INR 10 crores was impacted by a one-time exceptional item related to labour code provisions.
- Consolidated margins moderated in FY26 due to strategic investments in talent, technology, and the integration of Fortira.
What Canarys Automations Ltd does
Canarys Automations is an IT solutions company that helps enterprises with digitalization, legacy-system modernization, cloud migration, robotic process automation (RPA) and AI/ML-driven analytics, organized under six practice areas: Digitalization, Modernization, Cloudification, Automation, Transformation and Intelligence. It also runs a Water Resource Management (WRM) business that builds canal-automation, urban flood early-warning and SCADA-based reservoir-control systems for government and utility clients. In April 2025 it acquired a 51% stake in US-based Fortira Inc., an AI, data and IT-consulting firm, to expand its North American footprint. The company also sells its own proprietary software products, including AURYIS, an AI-powered compliance-assessment platform for the pharmaceutical and life-sciences sector, and several DevOps/Azure-migration tools distributed via GitHub and partner marketplaces.
Segments
- Technology Solutions
- Water Resource Management (WRM)
- Specialized technology professionals
- 400+
- Projects handled (FY25)
- 248
- Customers served
- 1,000+
- Countries served
- 10+
- Industries served
- 10+
- Proprietary products & solutions
- 10+
Guidance record · Q4 FY26
what the last two calls moved 11 tracked 2 delivered 3 missed 6 open- Overall Revenue Growth delivered said Q4 FY25 Promised: Around 20% growth, extrapolating past performance Q4 FY26: FY26 consolidated revenue grew 121% YoY to INR 199.7 cr, far exceeding the 20% target for the year.
- EBITDA and PAT Margins missed said Q4 FY25 Promised: Similar to historical data (around 15.5% EBITDA) Q4 FY26: For FY26, consolidated EBITDA margin was 12.3% (INR 24.5 cr on INR 199.7 cr revenue), remaining below the historical target of ~15.5% due to integration costs and investments.
- Fortira EBITDA Margin on track said Q2 FY26 Promised: 18%-20% in the next 1-2 years Q4 FY26: Management reiterated the timeline for margin correction, stating it will take 'about 12 to 18 months' and now targets margins 'much beyond the India margin'.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 120.5%, net profit up 20.0% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 46 | 31 | 44 | 38 +31% | 52 +13% | 101 +226% | 97 +120% |
| EBITDA | 3 | 10 | 4 | 7 | 6 +100% | 6 −40% | 12 +200% | 10 +43% |
| Net profit | 2 | 6 | 3 | 5 | 4 +100% | 4 −33% | 9 +200% | 6 +20% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −22.2% 1Y
1Y: ₹30.45 on 10 Sept 2025 → ₹23.7. High ₹33.45 (17 Nov 2025), low ₹15.05 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- +4.3%
- 27 Jul
- Q2 FY26
- +11.1%
- 10 Dec
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹4 Cr | ₹4 Cr | ₹11 Cr | ₹13 Cr | ₹12 Cr |
| Reserves | ₹5 Cr | ₹8 Cr | ₹16 Cr | ₹60 Cr | ₹82 Cr | ₹92 Cr |
| Borrowings | ₹5 Cr | ₹14 Cr | ₹19 Cr | ₹11 Cr | ₹14 Cr | ₹10 Cr |
| Other liabilities | ₹7 Cr | ₹22 Cr | ₹21 Cr | ₹23 Cr | ₹48 Cr | ₹28 Cr |
| Total liabilities | ₹20 Cr | ₹48 Cr | ₹61 Cr | ₹105 Cr | ₹156 Cr | ₹141 Cr |
| Fixed assets | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹52 Cr | ₹35 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹18 Cr | ₹47 Cr | ₹59 Cr | ₹100 Cr | ₹103 Cr | ₹105 Cr |
| Total assets | ₹20 Cr | ₹48 Cr | ₹61 Cr | ₹105 Cr | ₹156 Cr | ₹141 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters added +1.54 pp while DIIs trimmed −1.22 pp. The shareholder count shrank 10% to 1,880.
- Promoters
- 58.2%
- FIIs
- 0.0%
- DIIs
- 2.7%
- Public
- 39.1%
Since Mar 2025
- Promoters +1.54 pp
- DIIs −1.22 pp
- Public −0.33 pp
How it drifted, 5 quarters
Over this window promoters went from 56.6% to 58.2% — +1.6 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 56.6%, DIIs 3.6%, Public 39.8%.Sep '24: Promoters 56.6%, DIIs 3.4%, Public 40.0%.Mar '25: Promoters 56.6%, DIIs 3.9%, Public 39.5%.Sep '25: Promoters 57.3%, DIIs 4.3%, Public 38.5%.Mar '26: Promoters 58.2%, FIIs 0.0%, DIIs 2.7%, Public 39.1%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sheshadri Yedavanahalli Srinivas +2.01 pp 6.12% held
- Huf newly disclosed 1.65% held
- Aarth AIF Growth Fund AIF newly disclosed 1.23% held
- Metikurke Ramaswamy Sathyanarayanarao +0.27 pp 0.27% held
- Kritidev Developmental Solutions Private Limited newly disclosed 0.00% held
- anavadi Krishna Murthy Sanjaya newly disclosed 0.00% held
- iBotOmate Private Limited newly disclosed 0.00% held
- Parts2build Technologies Private Limited newly disclosed 0.00% held
The same filing shows 8 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Canarys Automations Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Metikurke Ramaswamy Raman Subbarao | 17.58% | −0.48 pp |
| Raghu Chandrashekhariah | 13.15% | −0.36 pp |
| Danavadi Krishnamurthy Arun | 12.65% | −0.34 pp |
| Sheshadri Yedavanahalli Srinivas | 6.12% | +2.01 pp |
| Pushparaj Shetty | 4.86% | −0.13 pp |
| Anuradha Hegde | 4.43% | −0.12 pp |
| Parvathamma Jagadeesh | 4.40% | −0.50 pp |
| Ramya Vineeth | 1.70% | −0.05 pp |
| Huf | 1.65% | newly disclosed |
| Negen Undiscovered Value Fund AIF | 1.48% | −1.82 pp |
| Aarth AIF Growth Fund AIF | 1.23% | newly disclosed |
| Nagaraju Vineeth | 1.04% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -8.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Canarys Automations Ltd
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