
About Canarys
Canarys is a publicly listed company based in Bengaluru (India) founded in 1988 by Raman Subbarao Metikurke. IT solutions for digital transformation and automation are provided. Canarys has raised $57.56 thousand across 1 funding round from investors including Nirmala Krishnan and Arun D K. The company has 265 employees. Canarys was last valued at $2.23 million in July 2006. Its chief executive, as recorded, is Sheshadri Srinivas. Its Indian entity Canarys Automations Limited reported revenue of βΉ200 Cr. Canarys offers products and services including DevOps Solutions, Automation Services, and Modernization Solutions. Its focus areas include Business Services, IT Services, Suite and Consumer. Its competitors include Happiest Minds, GirnarSOFT and Datamatics; 3 of its 3 listed competitors have raised funding.
Company details
Canarys was founded in 1988 and is based in Bengaluru, India. IT services are delivered, emphasizing digital transformation, system modernization, and process automation. Operational efficiency is supported for businesses across sectors. Leadership includes founder Raman Subbarao Metikurke as Managing Director and Sheshadri Srinivas as CEO. Operations focus on enabling technology-driven improvements in client workflows.
- Headquarters Bengaluru, India
- Employees 265
- Founders Raman Subbarao Metikurke
- Stage Public
- SectorsTechnology
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website ecanarys.com
- Social LinkedIn X Facebook YouTube
- Legal Name Canarys Automations Ltd.
- Market Cap₹142 Cr
CANARYS-SM · NSE
- Share Price₹24.05
-0.41% today
- Revenue₹198 Cr
FY 2025-26 · +122.4% YoY
- EBITDA₹19.66 Cr
Margin 9.9%
- Net Profit₹14.18 Cr
FY 2025-26 · +71.1% YoY
- P/E (TTM)10.0x
P/B 1.4x
- Total Equity Funding$57.56K (USD)
in 1 rounds
- Latest Funding Round$57.56K (USD), Angel Round
Jul 2006
- Employee Count265
Associated legal entities of Canarys
Canarys is associated with 2 registered companies on The Company Check; the primary company is Canarys Automations Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Canarys Automations Limited Listed CIN L31101KA1991PLC012096 | Active | 01 Jul 1991 | Bengaluru, Karnataka | ₹200 Cr | 265 | 11 | View details |
| Canarys Automations Limited CIN U31101KA1991PLC012096 | 01 Jul 1991 | Bangalore, Karnataka, India | View details |
Products & Services of Canarys
Canarys offers a comprehensive portfolio of products and services, including DevOps Solutions, Automation Services, and Modernization Solutions.
Provides assessment and implementation for DevOps automation.
Offers robotic process automation for business efficiency.
Delivers tools for legacy system updates and migration.
Apps and channels of Canarys
its YouTube channel Canarys Automations has 479 subscribers and 30 videos.
Videos from Canarys
The most watched videos on Canarys's YouTube channel, Canarys Automations (479 subscribers). Click a video to play it here.
More on Canarys Automations.
Funding Insights of Canarys
Canarys has successfully raised a total of $57.56K through 1 strategic funding round. The most recent funding activity was a Angel Round of $57.56 thousand completed in July 2006. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $57,561
- Total Rounds 1
- Last Round Angel Round β $57,561
- First Round $57,561
(Jul 2006)
- Investors Count 2
All 1 funding rounds of Canarys with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2006 | $57,561 | Angel Round | $2.23M | Nirmala Krishnan, Arun D K | β |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2006 | $2.23M | β’β’β’β’β’β’β’β’ |
Last known valuation $2.23M (Jul 2006). 2 investors in total: 0 institutional and 2 angel.
Investors in Canarys
Canarys has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Nirmala Krishnan and Arun D K.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
NK Nirmala Krishnan | unknown_7a2e24dc2a5b48ad9 | |||
AD Arun D K | unknown_5f61068539e94e7f8 |
Investor details for Canarys
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Canarys Automations Limited (Canarys)
Canarys Automations Limited is the primary company behind Canarys. The board of Canarys Automations Limited currently have 8 directors; the longest-serving is Metikurke Ramaswamy Raman Subbarao, appointed in 1991. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Metikurke Ramaswamy Raman Subbarao DIN 00176920 | Managing Director | 01 Jul 1991 | 35 yrs 4 mo | Canarys Automations Limited |
| Danavadi Krishnamurthy Arun DIN 01064990 | Whole-time director | 29 Sep 1999 | 27 yrs 1 mo | Canarys Automations Limited |
| Raghu Chandrashekhariah DIN 01065269 | Whole-time director | 29 Sep 1999 | 27 yrs 1 mo | Canarys Automations Limited |
| Sheshadri Srinivas Yedavanahalli DIN 03367545 | Director | 30 Apr 2012 | 14 yrs 6 mo | Canarys Automations Limited |
| Pushparaj Shetty DIN 03333417 | Director | 19 May 2023 | 3 yrs 5 mo | Canarys Automations Limited |
| Asha Sivashankar DIN 10184245 | Director | 14 Jul 2023 | 3 yrs 3 mo | Canarys Automations Limited |
| Ramesh Phatak Bhaskar DIN 07981182 | Director | 14 Jul 2023 | 3 yrs 3 mo | Canarys Automations Limited |
| Muralikrishnan Gopalakrishnan DIN 07059037 | Director | 14 Jul 2023 | 3 yrs 3 mo | Canarys Automations Limited |
People of Canarys
15 people are tracked at Canarys (6 in leadership, 9 in team); the tracked headcount is 265.
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership | |
| CEO | Leadership | |
Shyam Mantha | Senior Vice President - Growth & Revenue | Leadership |
| Executive Director (telemetry) | Leadership | |
Arun Danavadi K | Whole Time Director – Operations | Leadership |
Srinivasa R. | Account Director, Sales And Delivery Head (automations) | Leadership |
Kishan Puranik | Account Manager | Team |
Padmaja M | Executive Assistant / PMO | Team |
Sajith Radhakrishnan | Account Manager | Team |
Varsha Sharma | Regional Sales & Account Manager | Team |
Kavitha Subramani | Assistant Manager Business Development | Team |
Sudheer C | Senior Business Development Manager | Team |
Syed Nadeem | Global Lead For Automation & Intelligent Technologies | Team |
Raghu Pavan | CIO | Team |
Amit Sutradhar | AVP Enterprise Sales And Account Management - West | Team |
Complete people profiles for Canarys
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Canarys
Canarys is a publicly listed company on the NSE with ticker symbol CANARYS in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date11 Oct 2023
- Listed onNSE: CANARYS
- Listed entityCanarys Automations Ltd.
- Exchange sectorTechnology services
- ISININE0QG301017
- Share price₹27.05 (-1.46% on the day) · 2026-10-14
- Market capitalisation₹157 Cr
- Price to earnings12.8
- EPS (diluted, trailing year)₹2.11
- Volume (last session)72,000
Financials of Canarys
Exchange-reported figures of Canarys Automations Limited, the listed company behind Canarys (NSE: CANARYS-SM).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 198 | 89.08 | 75.02 | 74.52 | 51.51 | 25.62 | 18.25 |
| Revenue growth | +122.4% | +18.7% | +0.7% | +44.7% | +101.1% | +40.4% | - |
| EBITDA | 19.66 | 11.44 | 11.05 | 12.77 | 6.79 | 3.26 | 1.78 |
| EBITDA margin | +9.9% | +12.8% | +14.7% | +17.1% | +13.2% | +12.7% | +9.8% |
| Profit before tax | 19.73 | 11.49 | 10.65 | 11.93 | 6.23 | 2.98 | 1.65 |
| Net profit | 14.18 | 8.29 | 8.01 | 8.74 | 4.56 | 2.08 | 1.22 |
| Net profit margin | +7.2% | +9.3% | +10.7% | +11.7% | +8.9% | +8.1% | +6.7% |
| EPS (βΉ) | 2.11 | 1.40 | 1.34 | 3.98 | 1.98 | 10.56 | 7.08 |
| Balance sheet | |||||||
| Total assets | 115 | 94.94 | 82.14 | 39.83 | 25.89 | 12.79 | 4.90 |
| Net worth | 104 | 87.47 | 74.12 | 25.38 | 16.83 | 12.58 | 4.83 |
| Total debt | 9.65 | 7.14 | 7.72 | 14.16 | 8.79 | 0.00 | 0.00 |
| Cash & bank | 7.95 | 27.81 | 23.55 | 5.60 | 5.53 | 1.09 | 1.69 |
| Net working capital | 75.67 | 85.75 | 75.47 | 36.26 | 20.00 | 7.66 | 2.36 |
| Cash flow | |||||||
| Cash from operations | 6.55 | 3.85 | (11.74) | (6.87) | (2.65) | (1.60) | 0.21 |
| Cash from investing | (29.55) | (3.60) | (1.52) | (1.10) | 0.26 | (1.38) | (0.22) |
| Cash from financing | 3.14 | 2.13 | 31.68 | 4.60 | 8.46 | 5.64 | (0.23) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 100 | 85.96 | 74.49 | 73.73 | 51.80 | 25.18 | 18.14 |
| Revenue growth | +16.5% | +15.4% | +1.0% | +42.3% | +105.7% | +38.8% | - |
| EBITDA | 12.66 | 11.41 | 11.10 | 12.56 | 6.13 | 3.31 | 1.69 |
| EBITDA margin | +12.6% | +13.3% | +14.9% | +17.0% | +11.8% | +13.2% | +9.3% |
| Profit before tax | 13.40 | 11.80 | 11.50 | 12.69 | 5.77 | 2.96 | 1.46 |
| Net profit | 11.76 | 8.77 | 8.76 | 9.49 | 4.31 | 2.18 | 1.04 |
| Net profit margin | +11.7% | +10.2% | +11.8% | +12.9% | +8.3% | +8.7% | +5.7% |
| EPS (βΉ) | 1.70 | 1.49 | 1.48 | 4.48 | 2.11 | 11.42 | 6.02 |
| Balance sheet | |||||||
| Total assets | 104 | 91.75 | 78.38 | 29.08 | 17.18 | 12.39 | 4.70 |
| Net worth | 102 | 88.12 | 74.30 | 24.79 | 16.17 | 12.26 | 4.63 |
| Total debt | 1.90 | 3.31 | 3.77 | 4.01 | 0.98 | 0.00 | 0.00 |
| Cash & bank | 4.11 | 27.08 | 23.10 | 1.02 | 1.90 | 3.88 | 1.48 |
| Net working capital | 65.04 | 82.19 | 71.50 | 25.20 | 10.94 | 8.47 | 1.90 |
| Cash flow | |||||||
| Cash from operations | 4.80 | 3.12 | (14.61) | (5.28) | 2.06 | 5.29 | 3.77 |
| Cash from investing | (28.80) | (3.60) | (1.59) | (1.31) | 0.25 | (8.18) | (4.20) |
| Cash from financing | 1.02 | 2.58 | 38.76 | 2.27 | 0.59 | 5.29 | 0.00 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 198 | 89.08 | 75.02 | 74.52 | 51.51 | 25.62 | 18.25 |
| Revenue growth | +122.4% | +18.7% | +0.7% | +44.7% | +101.1% | +40.4% | - |
| Other income | 1.60 | 1.50 | 1.29 | 1.06 | 0.49 | 0.17 | 0.17 |
| Total expenses | 178 | 77.64 | 63.97 | 61.75 | 44.72 | 22.36 | 16.47 |
| Employee cost | 0.00 | 38.01 | 31.95 | 29.06 | 19.76 | 12.07 | 11.37 |
| EBITDA | 19.66 | 11.44 | 11.05 | 12.77 | 6.79 | 3.26 | 1.78 |
| EBITDA margin | +9.9% | +12.8% | +14.7% | +17.1% | +13.2% | +12.7% | +9.8% |
| Depreciation | 0.20 | 0.27 | 0.34 | 0.40 | 0.38 | 0.35 | 0.28 |
| Interest | 1.33 | 1.18 | 1.35 | 1.50 | 0.67 | 0.10 | 0.02 |
| Profit before tax | 19.73 | 11.49 | 10.65 | 11.93 | 6.23 | 2.98 | 1.65 |
| Tax | 4.89 | 3.20 | 2.64 | 3.28 | 1.67 | 0.89 | 0.42 |
| Net profit | 14.18 | 8.29 | 8.01 | 8.74 | 4.56 | 2.08 | 1.22 |
| Net profit margin | +7.2% | +9.3% | +10.7% | +11.7% | +8.9% | +8.1% | +6.7% |
| EPS (βΉ) | 2.11 | 1.40 | 1.34 | 3.98 | 1.98 | 10.56 | 7.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 11.75 | 13.00 | 14.36 | 9.28 | 9.28 | 7.11 | 1.74 |
| Reserves & surplus | 91.79 | 72.88 | 59.76 | 16.10 | 7.55 | 5.47 | 3.09 |
| Shareholders' funds (net worth) | 104 | 87.47 | 74.12 | 25.38 | 16.83 | 12.58 | 4.83 |
| Minority interest | 1.60 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 5.44 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 9.65 | 7.14 | 7.72 | 8.72 | 8.79 | 0.00 | 0.00 |
| Total debt | 9.65 | 7.14 | 7.72 | 14.16 | 8.79 | 0.00 | 0.00 |
| Total liabilities | 115 | 94.94 | 82.14 | 39.83 | 25.89 | 12.79 | 4.90 |
| Assets | |||||||
| Gross block | 25.82 | 3.12 | 3.12 | 3.09 | 4.64 | 4.18 | 4.08 |
| Net block | 23.11 | 0.61 | 0.82 | 1.00 | 0.96 | 0.86 | 0.97 |
| Capital work in progress | 11.82 | 5.41 | 2.29 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.10 | 1.10 | 1.13 | 1.13 | 0.02 | 1.09 | 0.04 |
| Inventories | 6.03 | 6.23 | 1.74 | 4.06 | 4.32 | 1.04 | 2.34 |
| Sundry debtors | 80.26 | 68.33 | 64.76 | 42.64 | 25.91 | 10.37 | 3.82 |
| Cash & bank balances | 7.95 | 27.81 | 23.55 | 5.60 | 5.53 | 1.09 | 1.69 |
| Loans & advances | 7.06 | 8.95 | 7.90 | 4.85 | 5.82 | 2.31 | 0.13 |
| Total current assets | 101 | 111 | 97.95 | 57.15 | 41.58 | 14.81 | 7.98 |
| Total current liabilities | 25.63 | 25.57 | 22.48 | 20.89 | 21.58 | 7.15 | 5.62 |
| Net working capital | 75.67 | 85.75 | 75.47 | 36.26 | 20.00 | 7.66 | 2.36 |
| Total assets | 115 | 94.94 | 82.14 | 39.83 | 25.89 | 12.79 | 4.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 27.81 | 25.42 | 7.00 | 8.98 | 4.31 | 1.65 | 1.93 |
| Net cash from operating activities | 6.55 | 3.85 | (11.74) | (6.87) | (2.65) | (1.60) | 0.21 |
| Net cash from investing activities | (29.55) | (3.60) | (1.52) | (1.10) | 0.26 | (1.38) | (0.22) |
| Net cash from financing activities | 3.14 | 2.13 | 31.68 | 4.60 | 8.46 | 5.64 | (0.23) |
| Net change in cash | (19.86) | 2.38 | 18.42 | (3.38) | 6.07 | 2.66 | (0.24) |
| Closing cash | 7.95 | 27.81 | 23.55 | 5.60 | 5.53 | 1.09 | 1.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +122.4% | +18.7% | +0.7% | +44.7% | +101.1% | +40.4% | - |
| EBITDA growth | +71.9% | +3.5% | -13.5% | +88.1% | +108.3% | +83.2% | - |
| PBT growth | +71.7% | +7.9% | -10.7% | +91.5% | +109.1% | +80.6% | +9997.0% |
| Net income growth | +71.1% | +3.5% | -8.4% | +91.7% | +119.2% | +70.5% | - |
| Revenue CAGR (3Y) | +38.5% | +20.0% | +43.1% | +59.8% | - | - | - |
| EBITDA CAGR (3Y) | +15.5% | +19.0% | +50.2% | +92.9% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +7.5% | +9.3% | +10.7% | +11.6% | +8.9% | +8.2% | +6.7% |
| Return on capital employed | - | +14.3% | +19.6% | +40.8% | +35.7% | +34.9% | +34.1% |
| Return on net worth | - | +10.2% | +16.6% | +51.0% | +42.5% | +33.1% | +25.5% |
| Debt / equity | - | 0.09 | 0.22 | 0.54 | 0.30 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 6.83 | 10.56 | 12.61 | 12.13 | 10.45 | 3.44 | 1.33 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 28.83 | 24.16 | 19.28 | 11.68 | 6.20 | 4.47 |
| Inventory turnover | - | 22.35 | 25.87 | 17.79 | 19.22 | 15.16 | 7.80 |
| Debtors turnover | - | 1.34 | 1.40 | 2.17 | 2.84 | 3.61 | 4.78 |
| EPS (βΉ) | 2.11 | 1.40 | 1.34 | 3.98 | 1.98 | 10.56 | 7.08 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 1.00 | 0.00 |
| Book value per share (βΉ) | 0.00 | 14.74 | 12.64 | 9.89 | 5.70 | 38.59 | 27.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 100 | 85.96 | 74.49 | 73.73 | 51.80 | 25.18 | 18.14 |
| Revenue growth | +16.5% | +15.4% | +1.0% | +42.3% | +105.7% | +38.8% | - |
| Other income | 1.58 | 1.49 | 1.21 | 0.83 | 0.44 | 0.17 | 0.07 |
| Total expenses | 87.47 | 74.55 | 63.39 | 61.17 | 45.67 | 21.87 | 16.45 |
| Employee cost | 0.00 | 37.10 | 31.86 | 28.25 | 19.51 | 12.05 | 11.37 |
| EBITDA | 12.66 | 11.41 | 11.10 | 12.56 | 6.13 | 3.31 | 1.69 |
| EBITDA margin | +12.6% | +13.3% | +14.9% | +17.0% | +11.8% | +13.2% | +9.3% |
| Depreciation | 0.20 | 0.26 | 0.33 | 0.38 | 0.38 | 0.36 | 0.28 |
| Interest | 0.64 | 0.84 | 0.48 | 0.32 | 0.42 | 0.16 | 0.02 |
| Profit before tax | 13.40 | 11.80 | 11.50 | 12.69 | 5.77 | 2.96 | 1.46 |
| Tax | 3.43 | 3.03 | 2.74 | 3.30 | 1.46 | 0.78 | 0.42 |
| Net profit | 11.76 | 8.77 | 8.76 | 9.49 | 4.31 | 2.18 | 1.04 |
| Net profit margin | +11.7% | +10.2% | +11.8% | +12.9% | +8.3% | +8.7% | +5.7% |
| EPS (βΉ) | 1.70 | 1.49 | 1.48 | 4.48 | 2.11 | 11.42 | 6.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 11.75 | 13.00 | 14.36 | 9.28 | 9.28 | 7.11 | 1.74 |
| Reserves & surplus | 90.13 | 73.53 | 59.94 | 15.51 | 6.89 | 5.15 | 2.89 |
| Shareholders' funds (net worth) | 102 | 88.12 | 74.30 | 24.79 | 16.17 | 12.26 | 4.63 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 1.90 | 3.31 | 3.77 | 4.01 | 0.98 | 0.00 | 0.00 |
| Total debt | 1.90 | 3.31 | 3.77 | 4.01 | 0.98 | 0.00 | 0.00 |
| Total liabilities | 104 | 91.75 | 78.38 | 29.08 | 17.18 | 12.39 | 4.70 |
| Assets | |||||||
| Gross block | 3.23 | 3.08 | 3.08 | 3.04 | 4.61 | 4.21 | 4.07 |
| Net block | 0.56 | 0.61 | 0.81 | 0.97 | 0.86 | 0.80 | 0.97 |
| Capital work in progress | 11.82 | 5.41 | 2.29 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 23.26 | 1.47 | 1.49 | 1.49 | 0.39 | 1.35 | 0.30 |
| Inventories | 4.79 | 4.46 | 0.99 | 2.72 | 4.59 | 1.04 | 2.34 |
| Sundry debtors | 73.66 | 66.80 | 64.32 | 42.10 | 26.33 | 10.53 | 3.57 |
| Cash & bank balances | 4.11 | 27.08 | 23.10 | 1.02 | 1.90 | 3.88 | 1.48 |
| Loans & advances | 5.59 | 7.70 | 6.96 | 3.10 | 4.42 | 0.38 | 0.13 |
| Total current assets | 88.15 | 106 | 95.37 | 48.94 | 37.24 | 15.83 | 7.52 |
| Total current liabilities | 23.11 | 23.85 | 23.87 | 23.74 | 26.30 | 7.36 | 5.62 |
| Net working capital | 65.04 | 82.19 | 71.50 | 25.20 | 10.94 | 8.47 | 1.90 |
| Total assets | 104 | 91.75 | 78.38 | 29.08 | 17.18 | 12.39 | 4.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 27.08 | 24.97 | 2.42 | 6.75 | 3.84 | 1.48 | 1.92 |
| Net cash from operating activities | 4.80 | 3.12 | (14.61) | (5.28) | 2.06 | 5.29 | 3.77 |
| Net cash from investing activities | (28.80) | (3.60) | (1.59) | (1.31) | 0.25 | (8.18) | (4.20) |
| Net cash from financing activities | 1.02 | 2.58 | 38.76 | 2.27 | 0.59 | 5.29 | 0.00 |
| Net change in cash | (22.97) | 2.11 | 22.55 | (4.33) | 2.90 | 2.40 | (0.43) |
| Closing cash | 4.11 | 27.08 | 23.10 | 1.02 | 1.90 | 3.88 | 1.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +16.5% | +15.4% | +1.0% | +42.3% | +105.7% | +38.8% | - |
| EBITDA growth | +11.0% | +2.8% | -11.6% | +104.9% | +85.2% | +95.9% | - |
| PBT growth | +13.6% | +2.6% | -9.4% | +119.9% | +94.9% | +102.7% | +9997.0% |
| Net income growth | +34.1% | +0.1% | -7.7% | +120.2% | +97.7% | +109.6% | - |
| Revenue CAGR (3Y) | +10.7% | +18.4% | +43.6% | +59.6% | - | - | - |
| EBITDA CAGR (3Y) | +0.3% | +23.0% | +49.7% | +95.2% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +10.0% | +10.2% | +11.8% | +12.7% | +8.3% | +8.7% | +5.7% |
| Return on capital employed | - | +14.9% | +22.3% | +56.3% | +41.9% | +36.5% | +31.7% |
| Return on net worth | - | +10.8% | +18.4% | +59.8% | +47.8% | +37.3% | +22.7% |
| Debt / equity | - | 0.04 | 0.08 | 0.12 | 0.03 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 5.14 | 7.53 | 4.46 | 2.63 | 7.30 | 5.42 | 1.42 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 28.18 | 24.34 | 19.28 | 11.75 | 6.08 | 4.46 |
| Inventory turnover | - | 31.54 | 40.16 | 20.17 | 18.40 | 14.90 | 7.75 |
| Debtors turnover | - | 1.31 | 1.40 | 2.15 | 2.81 | 3.57 | 5.08 |
| EPS (βΉ) | 1.70 | 1.49 | 1.48 | 4.48 | 2.11 | 11.42 | 6.02 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.00 | 0.00 |
| Book value per share (βΉ) | 0.00 | 14.86 | 12.67 | 9.60 | 5.38 | 36.93 | 26.64 |
Timeline of Canarys
4 dated milestones of Canarys across 35 years, from founding to its latest funding, stage changes and deals.
- Founded Canarys is founded.
- Funding First funding round of $58K.
- Milestone Reaches Minicorn status.
- IPO Lists on the stock exchange (IPO).
Competitors of Canarys
Canarys has 3 listed competitors in our database, 3 of them funded. They include Happiest Minds, GirnarSOFT and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| girnarsoft.com | 2007 | Jaipur, India | $736.02M | 6,709 | Provider of website, web & mobile application development, BI, and digital marketing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Canarys
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- Full competitor set
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Web traffic of Canarys
The website of Canarys (ecanarys.com) receives about 9.7K visits a month.
- Monthly visits9.7K
▲ 3.8% vs previous month
Websites whose visitors overlap most with Canarys. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
leeoades.wordpress.com | leeoades.wordpress.com | 100% | β | ||
| quexst.com | 98% | #11,973,144 | View details | ||
aspnettutorials.com | aspnettutorials.com | 94% | β | ||
| opstree.com | 93% | 6.7K | #3,519,334 | View details | |
| oaksys.net | 92% | 1.7K | #7,239,787 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 28 similar websites and full traffic analytics for Canarys
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- 28 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Internet Browsers & Utility Software
2 companies that operate in the same segment as Canarys (Internet Browsers & Utility Software) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Customizable smart lock screen experiences are developed for mobile devices. | 2019 | Bengaluru, Karnataka, India | USD 390 M | USD 73.11 M | 493 | |
Keyboard platform for expression assistance and recommendations is developed. | 2012 | Gurugram, Haryana, India | USD 26.74 M | USD 3.69 M | 81 |
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Related news about Canarys
Complete news archive for Canarys
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Frequently Asked Questions about Canarys
Canarys was founded in 1988 and raised its 1st funding round 18 years after it was founded.
Canarys is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sheshadri Srinivas is the CEO of Canarys, as recorded in our data.
Canarys is a funded company, having raised a total of $57.56K across 1 funding round to date. The company's 1st funding round was a Angel Round of $57.56K, raised on Jul 2006.
Canarys has 265 employees.
The primary company behind Canarys, Canarys Automations Limited, reported revenue of βΉ200 Cr for FY 2026, up 122% year on year.
Canarys was founded in 1988 and is based in Bengaluru, India. IT services are delivered, emphasizing digital transformation, system modernization, and process automation. Operational efficiency is supported for businesses across sectors. Leadership includes founder Raman Subbarao Metikurke as Managing Director and Sheshadri Srinivas as CEO. Operations focus on enabling technology-driven improvements in client workflows.
Canarys's top competitors include Happiest Minds, GirnarSOFT and Datamatics.
Canarys offers DevOps Solutions, Automation Services, and Modernization Solutions.
Yes, Canarys is publicly traded on NSE under the ticker symbol CANARYS.
Canarys has 2 investors. Key investors include Nirmala Krishnan, and Arun D K.
The valuation of Canarys is $2.23M as of Jul 2006.
