---
title: "Canarys Automations Ltd (CANARYS) — Share Price, Financials & Analysis"
symbol: "CANARYS"
company: "Canarys Automations Ltd"
canonical: "https://tapetide.com/stocks/CANARYS"
isin: "INE0QG301017"
nse_symbol: "CANARYS"
sector: "Information Technology"
industry: "Computer Software & Consulting"
market_cap_cr: 137.46
generated_at: "2026-09-13T20:15:00.743Z"
---

# Canarys Automations Ltd (CANARYS)

Canonical page: https://tapetide.com/stocks/CANARYS

## Company

- **NSE Symbol:** CANARYS
- **ISIN:** INE0QG301017
- **Sector:** Information Technology
- **Industry:** Computer Software & Consulting
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2023-10-11
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** ecanarys.com

## About

Incorporated in 1991, Canarys Automations 
Ltd is in the business of software & hardware development, consultancy services, electronic equipments, and handling water management system turnkey projects[1]

## Latest Price

- **Price:** ₹23.7
- **Change:** +0.8 (+3.49%)
- **Open:** ₹23
- **Day High:** ₹24
- **Day Low:** ₹22.05
- **Previous Close:** ₹22.9
- **Volume:** 188000
- **As Of:** 2026-09-11T10:01:43+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:53.952803Z.

- **Market Cap:** ₹137.46 Cr
- **Classification:** SME
- **P/E (reported):** 9.1
- **Book Value:** ₹17.59
- **Price to Book:** 1.3
- **Dividend Yield:** 0%
- **ROE:** 9.48%
- **ROCE:** 14.43%
- **Debt to Equity:** 0.1
- **Revenue (yearly):** ₹198.15 Cr
- **Net Income:** ₹14.23 Cr
- **EBITDA:** ₹19.66 Cr
- **52-Week High:** ₹35.2
- **52-Week Low:** ₹14.6
- **RSI (14):** 46.14

## Tapetide Score

- **Score:** 64 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 95.6 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 54.4 | 9% |
| growth | 97.82 | 9% |
| momentum | 83.64 | 12% |
| ownership | 40.71 | 24% |
| quality | 79.18 | 22% |
| valuation | 58.26 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Debtor days have improved from 248 to 148 days.
- Promoter holding has increased by 0.88% over last quarter.
- Company's working capital requirements have reduced from 177 days to 107 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.8% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 132.79% | 156.04% | 340.63% |
| ebitda margin growth | -31.09% | -39.11% | -29.71% |
| net income growth | 71.45% | 17% | 46% |
| revenue growth | 118.71% | 39% | 51% |
| roce | -10.43% | -72.29% | 29.35% |
| roe | -12.14% | 18.1% | -43.3% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 29 | 46 | 31 | 44 | 38 | 52 | 101 | 97 |
| Expenses | 26 | 36 | 27 | 37 | 32 | 46 | 89 | 87 |
| Operating Profit | 3 | 10 | 4 | 7 | 6 | 6 | 12 | 10 |
| OPM % | 11 | 21 | 14 | 15 | 15 | 11 | 12 | 10 |
| Other Income | 1 | 0 | 0 | 1 | 1 | 1 | 1 | -1 |
| Interest | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 9 | 4 | 7 | 6 | 6 | 12 | 8 |
| Tax % | 29 | 27 | 24 | 25 | 26 | 29 | 25 | 25 |
| Net Profit | 2 | 6 | 3 | 5 | 4 | 4 | 9 | 6 |
| EPS in Rs | — | — | 0.65 | 0.95 | 0.75 | 0.71 | 1.2 | 1.02 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 18 | 26 | 52 | 75 | 75 | 89 | 198 |
| Expenses | 16 | 22 | 45 | 62 | 64 | 78 | 176 |
| Operating Profit | 2 | 3 | 7 | 13 | 11 | 11 | 22 |
| OPM % | 10 | 13 | 13 | 17 | 15 | 13 | 11 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 2 | -1 |
| Interest | 0 | 0 | 1 | 2 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 3 | 6 | 12 | 11 | 11 | 20 |
| Tax % | 25 | 30 | 27 | 28 | 25 | 28 | 25 |
| Net Profit | 1 | 2 | 5 | 9 | 8 | 8 | 15 |
| EPS in Rs | — | — | — | — | 1.42 | 1.45 | 2.1 |
| Dividend Payout % | 0 | 9 | 5 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 4 | 4 | 11 | 11 | 12 |
| Reserves | 3 | 5 | 8 | 16 | 60 | 74 | 92 |
| Borrowings | 0 | 5 | 14 | 19 | 11 | 9 | 10 |
| Other Liabilities | 6 | 7 | 22 | 21 | 23 | 26 | 28 |
| Total Liabilities | 11 | 20 | 48 | 61 | 105 | 121 | 141 |
| Fixed Assets | 1 | 1 | 1 | 1 | 1 | 1 | 35 |
| CWIP | 0 | 0 | 0 | 0 | 2 | 5 | 0 |
| Investments | 0 | 1 | 0 | 1 | 1 | 1 | 1 |
| Other Assets | 10 | 18 | 47 | 59 | 100 | 113 | 105 |
| Total Assets | 11 | 20 | 48 | 61 | 105 | 121 | 141 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | -2 | -3 | -7 | -12 | 4 | 6 |
| Cash from Investing Activity | 0 | -1 | 0 | -1 | -2 | -2 | -29 |
| Cash from Financing Activity | 0 | 6 | 8 | 5 | 32 | 2 | 4 |
| Net Cash Flow | 0 | 3 | 6 | -3 | 18 | 4 | -19 |
| Free Cash Flow | 0 | -2 | -3 | -7 | -14 | 1 | -1 |
| CFO/OP | 60 | -22 | -14 | -28 | -82 | 62 | 47 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 76 | 148 | 184 | 209 | 315 | 280 | 148 |
| Inventory Days | 488 | 56 | 98 | 74 | 37 | 148 | 28 |
| Days Payable | 692 | 221 | 309 | 258 | 229 | 437 | 63 |
| Cash Conversion Cycle | -128 | -17 | -28 | 25 | 123 | -9 | 113 |
| Working Capital Days | 13 | 94 | 40 | 81 | 215 | 208 | 107 |
| ROCE % | — | 35 | 36 | 42 | 20 | 14 | 23 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 56.59% | 56.59% | 56.62% | 57.28% | 58.16% |
| FIIs | 0% | 0% | 0% | 0% | 0.01% |
| DIIs | 0% | 0% | 0% | 4.26% | 2.7% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 30.88% | 31.56% | 31.49% | 30.03% | 30.86% |
| Others | 12.53% | 11.85% | 11.89% | 8.43% | 8.27% |
| No. of Shareholders | 2107 | 2123 | 2099 | 1933 | 1880 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 5 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 24.68 | Sell |
| EMA (10) | 24.25 | Sell |
| SMA (20) | 24.12 | Sell |
| EMA (20) | 23.96 | Sell |
| SMA (50) | 21.83 | Buy |
| EMA (50) | 22.66 | Buy |
| SMA (100) | 20.89 | Buy |
| EMA (100) | 22.21 | Buy |
| SMA (200) | 23.56 | Buy |
| EMA (200) | 23.4 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 50.52 | Neutral |
| MACD (12,26,9) | 0.59 | Sell |
| Stochastic (14,3,3) | 18.33 | Buy |
| ADX (14) | 22.57 | Neutral |
| Williams %R (14) | -72.03 | Neutral |
| ATR (14) | 1.48 | High Volatility |
| ROC (12) | -4.63 | Sell |
| Stoch RSI (14) | 17.04 | Buy |
| UO (7,14,28) | 49.23 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Newspaper ads filed on 09 Sep 2026 confirming dispatch of 35th AGM notice and FY2025-26 annual report. | [Copy of Newspaper Publication 9 Sep - Newspaper ads filed on 09 Sep 2026 confirming dispatch of 35th AGM notice and FY2025-26 annual report.](https://nsearchives.nseindia.com/corporate/CANARYS_09092026114213_IntimationNewspaperAdPostDispatchof35thAGMNoticedt09092026.pdf) |
| 9 Sep - Canarys Automations to attend an in-person analyst meeting with AARTH AIF on 17 September 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 9 Sep - Canarys Automations to attend an in-person analyst meeting with AARTH AIF on 17 September 2026.](https://nsearchives.nseindia.com/corporate/CANARYS_09092026170307_IntimationforInvestorsMeetdt17092026.pdf) |
| 9 June 2026 - Canarys Automations Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, … | [Disclosure under SEBI Takeover Regulations 9 June 2026 - Canarys Automations Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …](https://nsearchives.nseindia.com/corporate/team_bbodade_27052026163258_CANARYS.pdf) |
| 9 February 2026 - Board meeting on Feb 12, 2026 to consider proposed merger; trading window closed from Feb 10. | [Trading Window 9 February 2026 - Board meeting on Feb 12, 2026 to consider proposed merger; trading window closed from Feb 10.](https://nsearchives.nseindia.com/corporate/VILIN2005_09022026172534_Vilin_Board_Meeting_Intimation.pdf) |
| 9 April 2026 - Company clarified recent share price movement is market-driven; no undisclosed information exists. | [Rumour Verification - Regulation 30(11) 9 April 2026 - Company clarified recent share price movement is market-driven; no undisclosed information exists.](https://nsearchives.nseindia.com/corporate/CANARYS_09042026181611_Clarificationinrespectofprice__movement_Canarys.pdf) |
| 8 Sep - Canarys Automations released FY2025-26 annual report and AGM notice for 30 September 2026. | [Shareholders meeting 8 Sep - Canarys Automations released FY2025-26 annual report and AGM notice for 30 September 2026.](https://nsearchives.nseindia.com/corporate/CANARYS_08092026160756_Intimation35thAGMNoticeAnnualreportFY202526dt08092026.pdf) |
| 8 January 2026 - RTA certificate confirming dematerialisation confirmations for quarter ended 31 December 2025, submitted 08 January 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 January 2026 - RTA certificate confirming dematerialisation confirmations for quarter ended 31 December 2025, submitted 08 January 2026.](https://nsearchives.nseindia.com/corporate/CANARYS_08012026180922_ConfirmationCertificateRegulation74for31122025.pdf) |
| 8 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 8 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=CANARYS&tabIndex=sme) |
| 7 July 2026 - Submitted Regulation 74(5) compliance certificate for quarter ended 30 June 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 July 2026 - Submitted Regulation 74(5) compliance certificate for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/CANARYS_07072026141335_ConfirmationCertificatebyRTAdt07072026.pdf) |
| 6 Aug - Canarys secured a 36-month US$215,109 order from West Advanced Technologies for Snyk, containerization and GitGuardian services. | [Awarding of order(s)/contract(s) 6 Aug - Canarys secured a 36-month US$215,109 order from West Advanced Technologies for Snyk, containerization and GitGuardian services.](https://nsearchives.nseindia.com/corporate/CANARYS_06082026094154_IntimationMajorOrderWATI06082026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31871_CANARYS_2025_2026_A_10770852_08092026162304.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28698_CANARYS_2024_2025_A_10393556_05092025220231.pdf) |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27312_VILINBIO_2024_2025_A_06082025195034.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26218_CANARYS_2023_2024_09092024124124.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25091_VILINBIO_2023_2024_2308202413110.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22930_VILINBIO_2022_2023_25082023134236_08252023140000.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jul 2025 | [Concall - Jul 2025](https://nsearchives.nseindia.com/corporate/CANARYS_03072025155801_Reg30TranscripofEarningsConferenceCallheldon30062025.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://nsearchives.nseindia.com/corporate/CANARYS_02072024161948_Transcript_of_Earnings_Call.pdf/) |
| Jul 2024 | [Concall - Jul 2024](https://nsearchives.nseindia.com/corporate/CANARYS_02072024161948_Transcript_of_Earnings_Call.pdf) |
| Jan 2024 | [Concall - Jan 2024](https://nsearchives.nseindia.com/corporate/CANARYS_22012024191956_Investor_Presentation_Canarys_uploaded.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://nsearchives.nseindia.com/corporate/CANARYS_02022024153944_Covering_letter_for_update_of_Investor_Meet_02022024_Upload.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/CANARYS_15122025155729_Reg30TranscripofEarningsConferenceCallheldon10122025.pdf) |
| Dec 2023 | [Concall - Dec 2023](https://nsearchives.nseindia.com/corporate/CANARYS_06122023181813_Covering_Letter_for_update_of_Investor_Meet_06122023_UPLOAD.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:15:00.743Z.