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Canarys Automations Limited (CANARYS)

📊 NSE: CANARYS 🏢 Computers - Software - Medium / Small 📢 Latest filing: 01 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (H2 FY26)

In its latest reported quarter, H2 FY26, Canarys Automations' revenue was ₹97.0 Cr (+86.5% year on year, -4.0% on the previous half-year), and net profit ₹6.0 Cr (+50.0% year on year); the operating margin was 10.3%.

H2 FY26 (₹ Cr)	Value	YoY vs H2 FY25	vs prev. half
Revenue	₹97.0	+86.5%	-4.0%
Operating profit	₹10.0	+66.7%	-16.7%
Net profit	₹6.0	+50.0%	-33.3%
EPS (₹)	1.02	+43.7%	-15.0%
Operating margin	10.3%	—	—

Full quarterly financials → Results calendar →

CANARYS delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 57.14% of the CANARYS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 61.82%. That is close to its usual level. Turnover was only ₹30 lakh, so a handful of trades can move this figure.

57.14%Delivery, 16 Oct

61.82%Own 20-session average

0.8×Volume vs its average

₹27.05NSE close · -2.17%

Delivery in the last 5 sessions: 58.8% · 41.4% · 61.1% · 54.2% · 57.1%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Canarys Automations 35th AGM: All 3 Resolutions Approved With 100% In-Favour Votes

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Oct 2026, 10:23 PM

Canarys Automations Limited submitted its voting results and Scrutinizer's Report for its 35th Annual General Meeting held on September 30, 2026. All three ordinary resolutions were passed with 100% of votes cast in favour, representing 3,77,40,070 total votes polled. The passed items include the adoption of FY26 audited financial statements and the re-appointment of retiring directors Mr. Pushparaj Shetty and Mr. Metikurke Ramaswamy Raman Subbarao. Overall shareholder participation stood at 64.24% of total outstanding shares across 1,944 shareholders on the record date.

All 3 ordinary resolutions approved with 100.0000% votes in favour (3,77,40,070 votes polled)
Overall voter turnout stood at 64.2440% across total outstanding shares of 5,87,44,893
Promoter group polled 3,38,66,470 votes (99.61% turnout) entirely in favour
Public non-institutional shareholders cast 38,73,600 votes (16.13% turnout), with zero institutional participation (0 votes polled)
Meeting attended by 22 shareholders via video conferencing (9 promoter group, 13 public)

💡 Track the upcoming quarterly financial results and execution progress on the 'Vision 2028' roadmap, including Fortira Inc. integration and WRM payment timelines.

Canarys Automations Concludes 35th AGM; Outlines FY26 Performance and Vision 2028

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Sep 2026, 09:58 PM

Canarys Automations Limited successfully conducted its 35th Annual General Meeting on September 30, 2026, through video conferencing. The Chairman highlighted that FY26 marked the company's strongest performance, delivering consolidated total income of ₹199.7 crore (up 121% YoY), an EBITDA of ₹24.5 crore, and a PAT of ₹14.8 crore, driven by Technology Solutions and Fortira integration. Approximately 48% of standalone revenue was generated from international operations spanning over ten countries. Scrutinizer voting results will be declared within two working days.

35th AGM conducted on 30th September 2026 via video conferencing with requisite quorum
Consolidated FY26 total income reported at ₹199.7 crores, up 121% YoY
Consolidated FY26 EBITDA stood at ₹24.5 crores and PAT reached ₹14.8 crores
International markets contributed approximately 48% of Canarys standalone revenue
Total shareholder count stood at 1944 members as of the cut-off date

💡 Monitor the submission of the formal e-voting results and Scrutinizer's report within two working days to confirm the formal adoption of all AGM resolutions.

Canarys Secures ₹11.64 Cr Cloud Services Contract from Calibo India

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 29 Sep 2026, 09:19 AM

Canarys Automations Limited has secured a significant domestic work order worth ₹11,63,52,000 (₹11.64 Cr) from Calibo India Private Limited. The contract spans a 12-month billing period from the date of SOW signing, covering AWS, GCP, and Azure cloud services and support. Relative to the company's TTM revenue of ₹288 Cr, this single contract represents approximately 4.0% of annual revenue. The transaction is at arm's length, with no promoter group interest involved.

Contract value awarded is ₹11,63,52,000 (₹11.64 Cr)
Engagement validity and billing services term is 12 months from SOW signing
Scope covers multi-cloud support including AWS, GCP, and Azure services
Order size represents ~4.0% of the company's TTM revenue of ₹288 Cr

💡 Track the execution and revenue recognition across upcoming quarterly results, alongside margin stability in the digital cloud services vertical.

Canarys Corp Secures $780,000 (~₹6.5 Cr) Cloud Services Order from Calibo Inc

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 24 Sep 2026, 10:02 AM

Canarys Automations Limited's wholly owned subsidiary, Canarys Corp, has secured a work order valued at US$ 780,000 (approx. ₹6.5 Cr) from US-based Calibo Inc. The contract spans a 12-month billing period to provide AWS and Azure cloud services and support. Relative to the company's TTM revenue of ₹288 Cr, this single order represents approximately 2.3% of annual top-line. The win strengthens the company's North American footprint following its acquisition of Fortira Inc.

Order consideration valued at US$ 780,000 (US Dollar Seven Hundred Eighty Thousand Only)
Contract term covers a billing services engagement of 12 months from SOW signing
Scope entails providing AWS and Azure Cloud services and support to US-based Calibo Inc
Awarded to 100% wholly owned subsidiary Canarys Corp with no promoter/related-party interest

💡 Monitor execution and revenue conversion in upcoming quarterly filings, alongside progress on US pipeline expansion under the Vision 2028 roadmap.

Canarys Automations Schedules 1-on-1 Investor Meet with KRIIS PMS for September 17, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Sep 2026, 06:41 PM

Canarys Automations Limited has announced a 1-on-1 virtual investor meeting with M/s. KRIIS PMS scheduled for September 17, 2026, at 12:00 PM IST. The management will refer to the existing FY26 Investor Presentation from July 2026, which is already in the public domain. The company confirmed that no unpublished price-sensitive information or forward-looking statements will be shared during the interaction.

1-on-1 virtual meeting scheduled with KRIIS PMS
Meeting date: Thursday, 17th September, 2026 at 12 PM (IST)
Existing Investor Presentation (FY26) from July 2026 will be utilized
Company confirmed no price-sensitive information or forward-looking statements will be discussed

💡 Track subsequent exchange filings for any investor presentation updates or transcripts post-meeting. No immediate financial impact is expected from this routine interaction.

Canarys Automations Schedules 1-on-1 Investor Meet With AARTH AIF on Sept 17, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Sep 2026, 05:03 PM

Canarys Automations Limited has scheduled an in-person, one-on-one meeting with institutional investor AARTH AIF on Thursday, September 17, 2026, at 10:30 AM IST. The company confirmed that discussions will rely on the publicly available Investor Presentation (FY26) from July 2026. Management explicitly stated that no unpublished price-sensitive information (UPSI) or forward-looking statements will be disclosed. This is a routine institutional interaction for the small-cap software services provider.

In-person 1-on-1 meeting scheduled with AARTH AIF on September 17, 2026, at 10:30 AM IST
Existing Investor Presentation (FY26) dated July 2026 to be used for the discussion
No price-sensitive information or forward-looking statements to be shared per company confirmation
Filing submitted under Regulation 30 of SEBI LODR Regulations, 2015

💡 Track subsequent exchange filings for any investor presentation updates or transcripts post-meeting, alongside upcoming H1 FY27 financial results.

Canarys Automations Dispatches 35th AGM Notice and FY26 Annual Report, AGM on Sept 30

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Sep 2026, 04:08 PM

Canarys Automations has issued the notice for its 35th Annual General Meeting scheduled for September 30, 2026, alongside its FY25-26 Annual Report. The company reported FY26 total income of ₹1,997 million (up 121% YoY), EBITDA of ₹245 million (up 74% YoY), and PAT of ₹148 million (up 79% YoY). IT Solutions contributed 93% of revenue, while international business accounted for ~48% following the integration of Fortira Inc.

35th AGM scheduled for Wednesday, September 30, 2026 at 04:00 PM IST via VC/OAVM
FY26 total income reached ₹1,997 million, recording 121% YoY growth
FY26 EBITDA reached ₹245 million (up 74% YoY) and PAT reached ₹148 million (up 79% YoY)
International markets contributed ~48% of FY26 revenue, with IT solutions generating 93%

💡 Track voting outcomes and management commentary from the AGM on September 30, 2026, particularly regarding margin trajectory and Fortira integration synergies.

Canarys Automations Schedules 35th AGM for September 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Aug 2026, 02:08 PM

Canarys Automations Limited held a Board meeting on August 26, 2026, approving the convening of its 35th Annual General Meeting (AGM) on Wednesday, September 30, 2026, at 04:00 PM IST via video conferencing. The Board also formally approved the Directors' Report and its annexures for the financial year ended March 31, 2026. The meeting concluded at 02:00 PM IST. This announcement is a routine administrative compliance update with no financial or operational impact.

35th AGM scheduled for Wednesday, September 30, 2026 at 04:00 PM IST via VC/OAVM
Approved Directors' Report and annexures for the financial year ended March 31, 2026
Board meeting held on August 26, 2026, from 12:01 PM to 02:00 PM IST

💡 Shareholders should look out for the upcoming dispatch of the full Annual Report and AGM Notice for voting details and management commentary.

$215,109 Order Win: Canarys Secures 3-Year US DevSecOps Contract

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 06 Aug 2026, 09:42 AM

Canarys Automations has secured a 36-month contract from US-based West Advanced Technologies Inc valued at $215,109 (approximately ₹1.8 Cr). The engagement involves providing licenses and services for Snyk code security, containerization, and GitGuardian secret detection. While the total order value is relatively small at ~0.6% of TTM revenue (₹288 Cr), it aligns with the company's 'Vision 2028' strategy to expand its North American footprint. The contract will be executed via annual purchase orders over the three-year period.

Total contract value of US$ 2,15,109 (approx. ₹1.8 Cr) over a 36-month term
Services include Snyk code security, API/web security, and GitGuardian secret detection
Order secured from US-based West Advanced Technologies Inc, Leesburg, VA
Billing services engagement valid for 3 years with annual Purchase Orders (PO)
Order represents approximately 0.62% of the company's TTM revenue of ₹288 Cr

💡 Investors should monitor the company's ability to scale these high-margin cybersecurity services across its growing US client base, which recently added 52 new logos in H1 FY26.

Canarys FY26 Consolidated Revenue nears ₹200 Cr; pivots to AI-native 'CAR' framework

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 30 Jul 2026, 12:20 PM

Canarys Automations reported a record FY26, with consolidated revenue reaching nearly ₹200 Cr and standalone revenue crossing ₹100 Cr. The company is executing a strategic pivot toward an AI-native model via its 'CAR' framework, which management claims can improve engineering productivity by 5x and gross margins by 12 percentage points. While the company added 52 new logos in H1 FY26, product revenue from its flagship 'AURYIS' platform was nil in FY26 as it remained in the pilot phase. A significant concern for investors is the high debtor cycle, which stood at approximately 150 days at the end of the period.

Consolidated revenue reached nearly ₹200 Cr in FY26, a new historical milestone for the company.
CAR framework claims potential to increase revenue per employee by more than 40% and accelerate delivery by 30%.
Debtor days remained high at approximately 150 days, though management reported improvements in Q1 FY27.
Added 52 new logos in H1 FY26, expanding the total client base to 134 global enterprises.
Flagship AI product 'AURYIS' is targeting the Pharma and Life Sciences regulatory market in the US and India.

💡 Monitor the transition of 'AURYIS' from pilot to subscription revenue in FY27 and track if the 150-day debtor cycle reduces as promised by management.

Canarys Automations Updates Audio Recording Link for H2 & FY26 Earnings Call

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 28 Jul 2026, 10:58 PM

Canarys Automations has issued a revised audio recording link for its earnings conference call held on July 27, 2026. The call focused on the company's financial performance for the half-year and full-year ending March 31, 2026. This is a procedural update to a previous filing made on July 27, 2026. Investors can access the recording via the provided URL to hear management's commentary on the fiscal year results.

Earnings conference call was held on July 27, 2026, at 02:00 PM IST
Revised audio recording link provided with Recording ID 10045315
Discussion covered financial performance for H2 and FY26 (ending March 31, 2026)
Company reported TTM revenue of ₹288 Cr and TTM PAT of ₹23 Cr
Market capitalization stands at ₹122 Cr with a low P/E of 5.3

💡 Investors should listen to the recording to understand management's progress on 'Vision 2028' and the integration of the North American acquisition, Fortira Inc.

Canarys Automations Updates Audio Recording Link for H2 & FY26 Earnings Call

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 28 Jul 2026, 07:15 PM

Canarys Automations has provided a revised audio recording link for its earnings conference call held on July 27, 2026. The call discussed the company's financial performance for the half-year and full-year ended March 31, 2026. With a TTM revenue of ₹288 Cr and a market cap of only ₹122 Cr, the company is currently trading at a low P/E of 5.3. Investors can use the recording to gain insights into the 'Vision 2028' roadmap and the integration of the Fortira Inc. acquisition.

Earnings conference call held on July 27, 2026, at 02:00 PM IST
Recording covers financial performance for H2 and FY26 ended March 31, 2026
Company reported TTM revenue of ₹288 Cr against a market cap of ₹122 Cr
Recording ID for the session is 10045315
Resource count grew 13.8% to 496 in the preceding period (H1 FY26)

💡 Investors should listen to the recording to evaluate management's commentary on the 37-42% expected growth rate and the progress of the AI-powered 'Auryis' platform.

Canarys Automations Releases Audio Recording for H2 & FY26 Earnings Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Jul 2026, 08:30 PM

Canarys Automations has released the audio recording of its earnings conference call held on July 27, 2026, covering the financial performance for the half-year and full-year ended March 31, 2026. The company currently operates with a TTM revenue of ₹288 Cr and a PAT of ₹23 Cr, reflecting a low P/E of 5.3. The call likely addressed the integration of Fortira Inc. (acquired April 2025) and the progress of 'Vision 2028'. This filing is a standard regulatory requirement under SEBI LODR Regulations.

Earnings conference call conducted on July 27, 2026, at 2:00 PM IST
Recording covers financial performance for H2 and FY26 ended March 31, 2026
Recording ID 10045315 provided for investor access via the company's portal
Company reported TTM revenue of ₹288 Cr and TTM PAT of ₹23 Cr
Resource count increased by 13.8% to 496 in H1 FY26 to support growth

💡 Investors should review the recording for management commentary on the 26% improvement in project realization and the status of WRM project payments, which constitute 27% of the order book.

View All CANARYS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Technology Solutions revenue grew by 195% YoY in H1 FY26, now contributing 98% of total revenue (INR 1,012 Mn). Water Resource Management (WRM) contributed 2% of revenue (INR 5 Mn) but represents 27% of the total order book, indicating a significant lag between order booking and revenue recognition.

Geographic Revenue Split

The company is expanding its global footprint with the acquisition of Fortira Inc. in the USA (April 2025) and operations in Singapore (Canarys APAC Pte Ltd). Fortira contributed USD 6.6 Mn in revenue for the H1 FY26 period (from April 16 to Sept 30, 2025).

Profitability Margins

PAT Margin stood at 9% in H1 FY26, a decline of 241 bps from 11% in H1 FY25. EBIT Margin also compressed from 18% to 13% (-504 bps) during the same period, reflecting higher operational costs associated with global expansion and product development.

EBITDA Margin

EBITDA Margin was 13% in H1 FY26, down 530 bps from 18% in H1 FY25. This decline is primarily attributed to higher Employee Benefit Expenses, which rose 113% YoY to INR 362 Mn as the company invested in solution and product development for future growth.

Capital Expenditure

Not explicitly disclosed in INR Cr; however, the company completed a major acquisition of Fortira Inc. in April 2025 to strengthen its North American presence and AI capabilities.

Credit Rating & Borrowing

Finance costs increased by 75% YoY to INR 7 Mn in H1 FY26 compared to INR 4 Mn in H1 FY25, suggesting increased borrowing or higher interest obligations to support working capital and acquisitions.

⚙️ Operational Drivers

Raw Materials

As an IT services firm, 'Human Capital' is the primary input, with Employee Benefit Expenses accounting for 35.6% of total income (INR 362 Mn). Purchases and changes in inventory (related to WRM hardware) accounted for 40% of total income (INR 407 Mn).

Import Sources

Technology talent is primarily sourced from India (Bengaluru), USA (New Jersey), and Singapore. WRM components are sourced for projects across 15 states in India.

Key Suppliers

Not specifically named; however, the company is a major partner for GitHub (awarded Global Partner of the Year 2025) and Microsoft, relying on their platforms for service delivery.

Capacity Expansion

Resource count increased by 13.8% from 436 in FY25 to 496 in H1 FY26. The company added 52 new logos across 10+ sectors in H1 FY26 to expand its service capacity.

Raw Material Costs

Employee costs rose 113% YoY to INR 362 Mn. Purchases and inventory costs surged 422% YoY to INR 407 Mn in H1 FY26, reflecting the execution of hardware-heavy WRM or technology integration projects.

Manufacturing Efficiency

Average Revenue per Project stood at INR 3.4 Mn in H1 FY26. Average Revenue per Employee remained stable at INR 1.6 Mn.

📈 Strategic Growth

Expected Growth Rate

37-42%

Growth Strategy

Achieving growth through the 'Vision 2028' roadmap involving: 1) Global expansion via the Fortira Inc. acquisition in North America; 2) Launching AI-powered proprietary products like 'Auryis' for the Pharma sector; 3) Cross-selling to 25+ large enterprise logos acquired through Fortira; and 4) Scaling the IT solutions order book which grew 43.8% to INR 1,510 Mn in H1 FY26.

Products & Services

Digitalization and Modernization software services, 'Auryis' AI compliance platform, Water Management Automation for canal modernization, and Telemetry systems.

Brand Portfolio

Canarys, Auryis, Fortira.

New Products/Services

Launched 'Auryis', an AI/ML-powered compliance assessment platform for the Pharma and Life Sciences industry, expected to drive high-margin recurring revenue.

Market Expansion

Expansion into North America (USA) via Fortira and strengthening APAC presence through the Singapore headquarters.

Market Share & Ranking

Recognized as a leading global partner in the GitHub ecosystem (Partner of the Year 2025).

Strategic Alliances

Strategic partnership with GitHub (Overall Growth Partner of the Year 2025) and Microsoft (DevOps and ALM partner).

🌍 External Factors

Industry Trends

The industry is shifting from task-based support ('Caterpillar' phase) to AI and Automation-powered strategic consulting ('Butterfly' phase). Canarys is positioning itself in this 15-20% growing digital transformation market.

Competitive Landscape

Competes with global IT service providers and niche AI consulting firms; distinguished by its 'Overall Growth GitHub Partner' status.

Competitive Moat

Moat built on 30+ years of industry existence, deep integration with GitHub/Microsoft ecosystems, and proprietary AI products (Auryis) which create high switching costs in regulated industries like Pharma.

Macro Economic Sensitivity

Highly sensitive to IT spending budgets in North America and BFSI/Pharma sectors; revenue grew 169% YoY despite global macro uncertainty.

Consumer Behavior

Enterprises are shifting toward long-term partnerships for process optimization rather than simple troubleshooting.

Geopolitical Risks

Trade barriers or visa regulation changes in the US could impact the integration and onsite delivery model of the Fortira acquisition.

⚖️ Regulatory & Governance

Industry Regulations

Operations must comply with global data privacy laws and US/India labor regulations. The 'Auryis' product is specifically designed to help clients meet Pharma regulatory standards.

Environmental Compliance

Not disclosed in INR; WRM solutions contribute to water conservation and sustainability goals.

Taxation Policy Impact

Effective tax rate was 25% in H1 FY26 (INR 30 Mn tax on INR 121 Mn PBT).

Legal Contingencies

The company maintains a Structured Digital Database (SDD) for insider trading compliance as of December 12, 2025. No specific pending litigation values disclosed in available documents.