Buy Or Sell Opportunity • Apr 14
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to ₹22.10. The fair value is estimated to be ₹29.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 87% over the last year. Earnings per share has grown by 8.0%. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹19.90, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 25x in the Software industry in India. Total loss to shareholders of 31% over the past year. New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹918.0m (US$9.68m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹918.0m market cap, or US$9.68m). Minor Risk Profit margins are more than 30% lower than last year (7.2% net profit margin). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹18.75, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 24x in the Software industry in India. Total loss to shareholders of 29% over the past year. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹21.95, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 26x in the Software industry in India. Total loss to shareholders of 10% over the past year. Buy Or Sell Opportunity • Feb 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to ₹23.35. The fair value is estimated to be ₹29.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 87% over the last year. Earnings per share has grown by 8.0%. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹30.20, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 32x in the Software industry in India. Total loss to shareholders of 1.5% over the past year. New Risk • Dec 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (₹1.75b market cap, or US$19.4m). New Risk • Nov 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.2% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (₹1.91b market cap, or US$21.6m). Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹33.45, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 41x in the Software industry in India. Total loss to shareholders of 10% over the past year. Duyuru • Nov 14
Canarys Automations Limited to Report First Half, 2026 Results on Nov 14, 2025 Canarys Automations Limited announced that they will report first half, 2026 results on Nov 14, 2025 Reported Earnings • Sep 10
Full year 2025 earnings released: EPS: ₹1.45 (vs ₹1.72 in FY 2024) Full year 2025 results: EPS: ₹1.45. Revenue: ₹890.8m (up 19% from FY 2024). Net income: ₹82.9m (up 9.8% from FY 2024). Profit margin: 9.3% (in line with FY 2024). Duyuru • Aug 26
Canarys Automations Limited, Annual General Meeting, Sep 30, 2025 Canarys Automations Limited, Annual General Meeting, Sep 30, 2025, at 16:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹36.00, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 39x in the Software industry in India. Total loss to shareholders of 31% over the past year. New Risk • Jul 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (56% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹1.78b market cap, or US$20.8m). Duyuru • Jun 30
Canarys Automations Limited to Report First Half, 2025 Results on May 29, 2025 Canarys Automations Limited announced that they will report first half, 2025 results on May 29, 2025 New Risk • Jun 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹1.78b market cap, or US$20.8m). Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: ₹1.39 (vs ₹1.72 in FY 2024) Full year 2025 results: EPS: ₹1.39. Revenue: ₹906.0m (up 21% from FY 2024). Net income: ₹83.0m (up 9.9% from FY 2024). Profit margin: 9.2% (in line with FY 2024). New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (56% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹1.69b market cap, or US$19.7m). New Risk • May 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). High level of non-cash earnings (56% accrual ratio). Minor Risk Market cap is less than US$100m (₹1.69b market cap, or US$19.9m). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹32.05, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 29x in the Software industry in India. Total loss to shareholders of 29% over the past year. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (56% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₹1.45b market cap, or US$16.9m). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹29.95, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 29x in the Software industry in India. Total loss to shareholders of 1.3% over the past year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹30.05, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 30x in the Software industry in India. Total loss to shareholders of 15% over the past year. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹45.15, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 41x in the Software industry in India. Total returns to shareholders of 6.5% over the past year. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹40.75, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 37x in the Software industry in India. Total loss to shareholders of 6.8% over the past year. Duyuru • Sep 13
Canarys Automations Limited, Annual General Meeting, Sep 30, 2024 Canarys Automations Limited, Annual General Meeting, Sep 30, 2024, at 16:00 Indian Standard Time. Duyuru • Sep 03
Canarys Automations Limited Appoints CS Ambikeshwari as Whole-Time Company Secretary and Compliance Officer Canarys Automations Limited at the SBM held on September 3, 2024, the board approved the appointment of CS Ambikeshwari M A, a member of Institute of Company Secretaries of India (ICSI), as a Whole-time Company Secretary and Compliance Officer with effect from September 3, 2024. Ms. Ambikeshwari M A is an associate member of the Institute of Company Secretaries of India (ICSI) having membership number A67639, who possess requisite qualification under the Companies (Appointment and Qualification of Secretary) Rules, 1988. Further she holds a Post Graduation Diploma in International Business Operations (PGDIBO). She has completed her 2 years of modified training structure as per ICSI Guidelines under M/s. Ganapathi & Mohan, Company Secretaries. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₹65.35, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 40x in the IT industry in India. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹44.85, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 35x in the IT industry in India. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹57.40, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 38x in the IT industry in India. New Risk • Apr 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹2.52b market cap, or US$30.1m). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹38.85, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 39x in the IT industry in India. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹28.20, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 34x in the IT industry in India. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹46.90, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 38x in the IT industry in India. Duyuru • Oct 11
Canarys Automations Limited has completed an IPO in the amount of INR 470.332 million. Canarys Automations Limited has completed an IPO in the amount of INR 470.332 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 11,180,000
Price\Range: INR 31
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 3,232,000
Price\Range: INR 31
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 760,000
Price\Range: INR 31
Transaction Features: Regulation S Board Change • Oct 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Murli Gopalakrishnan was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.