INNOVANA

Innovana Thinklabs financials

Market cap
₹676 Cr
Sector
Information Technology

What Innovana Thinklabs Limited does

Innovana Thinklabs Limited is a diversified holding company that operates through wholly owned (and one majority-owned) subsidiaries rather than a single line of business. Its software arm, Innovana Techlabs and I Solve Software Services, develops and sells Windows and Mac utility/productivity applications. Innovana Astro Services runs the astrology-aggregation app Anytime Astro plus the Astro Mall spiritual-products platform and the Anytime Astro Academy astrology e-learning platform, while Innovana Fitness Labs operates Anytime Fitness franchise gyms and Innovana Infrastructure develops residential real-estate projects. Innovana Games Studio additionally builds casual and AR/VR games.

Segments

  • Software (Innovana Techlabs, I Solve Software Services)
  • Astrology & spiritual commerce (Innovana Astro Services)
  • Gaming (Innovana Games Studio)
  • Fitness (Innovana Fitness Labs)
  • Real estate (Innovana Infrastructure)
Operating subsidiaries
6 (software, astrology, gaming, fitness, real estate)
Astrology app user base
10 million+ users (Anytime Astro / tarot app)
Fitness footprint
Anytime Fitness franchise gyms in Jaipur, Gurugram & Indore; 5 new gyms planned (3 Indore, 2 Jaipur)
Real-estate projects
2 nearing completion, more in pipeline (Innovana Infrastructure)
Core software platforms
Windows and Mac utility/productivity applications
Years in operation
10 years (as of FY2024-25)
Headquarters Jaipur, Rajasthan, India Company website

Quarterly results

Q1 FY27: revenue down 19.1%, net profit down 33.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue9 11 11 12 11 +25%13 +14%11 −1%10 −19%
EBITDA6 9 8 9 8 +29%10 +7%8 +3%7 −30%
Net profit7 7 6 8 9 +24%8 +13%7 +9%5 −34%
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 −38.9% 1Y

₹300₹400₹500Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹535.45 on 10 Sept 2025 → ₹327. High ₹554.2 (11 Sept 2025), low ₹298.05 (2 Sept 2026).

Financials, as filed

Revenue fell 10.6% a year over 3 years, FY23 to FY26. Operating margin widened to 76.7%.

Year endingFY23FY24FY25FY26
Revenue₹64 Cr₹49 Cr₹43 Cr₹46 Cr
Operating profit₹24 Cr₹32 Cr₹33 Cr₹35 Cr
Operating margin37.8%64.9%76.7%76.7%
Interest₹0 Cr₹0 Cr₹1 Cr₹1 Cr
Depreciation₹3 Cr₹1 Cr₹1 Cr₹1 Cr
Net profit₹22 Cr₹30 Cr₹30 Cr₹32 Cr
Net margin33.6%62.5%68.3%69.8%
Cash from operations₹6 Cr₹-6 Cr₹12 Cr₹19 Cr
Free cash flow₹4 Cr₹-10 Cr₹4 Cr₹12 Cr
ROCE32.0%43.0%32.0%27.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹10 Cr₹20 Cr₹20 Cr₹20 Cr₹21 Cr
Reserves₹37 Cr₹47 Cr₹53 Cr₹83 Cr₹240 Cr₹159 Cr
Borrowings₹1 Cr₹6 Cr₹3 Cr₹8 Cr₹50 Cr₹8 Cr
Other liabilities₹44 Cr₹49 Cr₹43 Cr₹12 Cr₹35 Cr₹12 Cr
Total liabilities₹92 Cr₹112 Cr₹119 Cr₹123 Cr₹346 Cr₹199 Cr
Fixed assets₹11 Cr₹13 Cr₹12 Cr₹12 Cr₹81 Cr₹25 Cr
Capital work in progress₹0 Cr₹0 Cr₹2 Cr₹5 Cr₹4 Cr₹5 Cr
Investments₹16 Cr₹16 Cr₹21 Cr₹27 Cr₹79 Cr₹40 Cr
Other assets₹65 Cr₹82 Cr₹84 Cr₹79 Cr₹182 Cr₹129 Cr
Total assets₹92 Cr₹112 Cr₹119 Cr₹123 Cr₹346 Cr₹199 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 Jun 2026

Since Jun 2025, DIIs added +1.01 pp while the public trimmed −0.82 pp. The shareholder count grew 34% to 2,889.

Promoters
72.7%
FIIs
1.0%
DIIs
1.5%
Public
24.8%

Since Jun 2025

  • DIIs +1.01 pp
  • Public −0.82 pp
  • Promoters −0.58 pp

How it drifted, 12 quarters

Over this window the public fell from 26.7% to 24.8% — −1.9 pp.

Sep '22Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '22: Promoters 73.2%, FIIs 0.1%, Public 26.7%.Mar '23: Promoters 73.2%, FIIs 0.1%, Public 26.8%.Sep '23: Promoters 73.2%, FIIs 0.1%, Public 26.6%.Mar '24: Promoters 73.2%, FIIs 0.1%, Public 26.6%.Sep '24: Promoters 73.2%, FIIs 0.3%, Public 26.4%.Dec '24: Promoters 73.2%, FIIs 0.1%, Public 26.6%.Mar '25: Promoters 73.2%, FIIs 0.4%, DIIs 0.2%, Public 26.2%.Jun '25: Promoters 73.2%, FIIs 0.7%, DIIs 0.5%, Public 25.6%.Sep '25: Promoters 73.2%, FIIs 0.8%, DIIs 0.8%, Public 25.1%.Dec '25: Promoters 72.7%, FIIs 1.1%, DIIs 1.1%, Public 25.1%.Mar '26: Promoters 72.7%, FIIs 1.2%, DIIs 1.1%, Public 25.1%.Jun '26: Promoters 72.7%, FIIs 1.0%, DIIs 1.5%, Public 24.8%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Innovana Thinklabs Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Chandan Garg 70.71%unchanged
Beeline Consultancy Services Private Limited 2.25%unchanged
Kapil Garg 1.93%unchanged
Manish Kumar 1.34%unchanged
Adheesh Kabra Huf . 1.32%unchanged
Pooja Sharma 1.12%unchanged
Priyanka Garg 0.01%unchanged
Narendra Kumar Garg 0.00%unchanged
Akash Bansal 0.00%unchanged
Nancy 0.00%unchanged
Swaran Kanta 0.00%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

Expensive

To justify its price of ₹327, this stock must grow earnings at 19% every year for 7 years. Our analysis caps realistic growth at ~14%. At that growth it is worth ₹251 — downside of 23%.

Growth the price implies
18.6% a year
for 7 years, fading to 4%
It has actually compounded at
14.1% a year
net profit, FY23–FY26 · EPS 13.6%
The gap
0.1 pp
-23% downside if it only repeats history
Price today ₹327 Value at the reference growth ₹251.09

Change the assumptions yourself →

Learn to analyse Innovana Thinklabs Limited

Guides on how to read this kind of business and the numbers that matter.