Canarys Automations Ltd(CANARYS)

NSE: CANARYS

₹ 25-2.53%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 147 crUpdated: 24 Oct 2026

About

Canarys Automations is a 30+ year engineering-led organisation that has evolved into a boutique Agentic AI engineering firm, with a Technology Solutions business and a Water Resource Management business. Reported FY26 revenue was Rs 198.15 Cr, and consolidated total income reached Rs 199.7 Cr in FY26, up 121% YoY after the April 2025 acquisition of Fortira Inc., USA. It describes itself as the No. 1 GitHub Partner in APAC.^[1][2][3]

Products and platforms

Canarys reports 7 proprietary products as of FY26.^[1]
AURYIS is its flagship AI-powered regulatory compliance and safety intelligence platform for pharmaceutical and life sciences companies. Its modules include Quality Intelligence and Safety Intelligence (pharmacovigilance).^[1]
Its other platforms include Social Media Monitoring, ClubAce (club management) and Scholaris (doctoral lifecycle management).^[1]
Product revenue was not recognised in FY26, which was a development and pilot stage. Management said recognition starts in FY27.^[3]
The proprietary CAR (Canarys Automation Resilience) framework embeds Agentic AI across Design, Engineering, Testing and Support. The company claims up to 5x engineering productivity per person.^[1][4]

Key operating numbers

Order book was Rs 4,409 Mn in FY26, compared with Rs 2,070 Mn in FY25. The FY26 figure includes Fortira's order book.^[4]
Order book mix in FY26: Technology Solutions INR206 cr (vs INR105 cr in FY25), Fortira INR207 cr and Water Resource Management INR28 cr.^[3]
Headcount was 455 in FY26, up from 436 in FY25. Attrition fell to 14% in FY26 from 19% in FY25.^[4]
Average revenue per employee was Rs 4.4 Mn in FY26 vs Rs 1.2 Mn in FY25. Average revenue per project was Rs 8.2 Mn in FY26 vs Rs 3.6 Mn in FY25.^[4]
Offshore employees made up 15% of the workforce in FY26, up from 10% in FY25.^[4]
Debtor days were about 150 days in FY26.^[3]

Customers and markets

The company had 212 clients in FY26, down from 241 in FY25.^[4]
International revenue was about 48% of consolidated revenue in FY26. Customers are spread across 10+ countries.^[1][4]
A Fortune 100 technology company and a leading North American bank are using CAR-powered solutions.^[1][3]
Technology partners include GitHub, Microsoft, Atlassian, GitLab, Snyk, SAP and JFrog. Canarys is also a Claude silver-level partner.^[1][3]

Operations and subsidiaries

Canarys operates in India, the USA and Singapore. Its subsidiaries are Canarys Corp (New Jersey, USA), Canarys APAC Pte Ltd (Singapore) and Fortira Inc (Northvale).^[1]

Acquisitions

In April 2025, Canarys acquired a 51% stake in Fortira Inc., USA. Fortira added 20+ enterprise customers and capabilities in AI, cloud, cybersecurity and digital engineering.^[1][3]
Fortira contributed $11.68 Mn of revenue and 58 professionals.^[4]

Stated plans

Management targets consolidated revenue growth of at least 20% in FY27. It also aims for international revenue to exceed 50%.^[3]
Management expects the order book to grow by a further INR70-100 cr from about INR440 cr as the pipeline converts.^[3]
Management plans to upgrade the Claude partnership from silver to solutions partner level within about 3 months of the Q4 FY26 call.^[3]

Recent developments

29 Sep 2026: Canarys won an order worth INR 11,63,52,000 from Calibo India Private Limited for AWS, GCP and Azure cloud services and support, to be executed over 12 months.^[5]
24 Sep 2026: Subsidiary Canarys Corp won a US$780,000 contract from Calibo Inc for AWS and Azure cloud services and support, to be executed over 12 months.^[6]
Canarys was named GitHub's 2025 Growth Services and Channel Partner of the Year at GitHub Universe. The Water Resource Management team received the GEEF Award for its Urban Flood Early Warning System work.^[1]

Market Cap

₹147 Cr

High / Low

₹35 / 15

Stock P/E

10.8

Price / Book

2.3

Book Value

₹18

EPS

₹2.5

No. of Shares

5.87 Cr

ROCE

23.2%

ROE

15.4%

OPM

12.2%

Debt / Equity

0.09

Sales

₹198 Cr

Net Profit

₹15 Cr

Promoter holding

58.2%

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