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Airan Ltd (AIRAN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543811 NSE: AIRAN IT - Software | Small Cap | Airan Share Price

₹16.30 -0.17 (-1.03%)

As on 09-Jun'26 12:39

Airan Ltd (AIRAN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543811 NSE: AIRAN IT - Software | Small Cap | Airan Share Price

₹16.30 -0.17 (-1.03%)

As on 09-Jun'26 12:39

Key Metrics
Valuation Multiples
Market Cap
₹206 Cr.
Current Price
₹16.3
52-Week Low / High
₹13 / 33
TTM EPS
₹0.9
TTM Sales
₹101 Cr.
Book Value per Share
₹11.4
P/E Ratio
18.76
Lower than its 5-year historical median
Industry PE
21.6
Price to Book (P/B)
1.45
Lower than its 5-year historical median
Price to Sales (P/S)
2.03
Lower than its 5-year historical median
EV/EBITDA
10.45
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
13.67%
Outperforms industry median
Return on Capital Employed (ROCE)
17.47%
Outperforms industry median
Return on Assets (ROA)
11.64%
Operating Profit Margin
16.5%
Net Profit Margin
17.86%
Gross Profit Margin
27.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1.95%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.43%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
48.24%
Asset Quality
Promoter Holding
72.21%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹117 Cr.
Equity
₹25 Cr.
Face Value
₹2
All Time Low / High
₹12.65 / 48.85

Airan stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Airan Ltd a good quality company?
Airan Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Airan Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Airan Ltd vs industry peers?
Airan Ltd revenue CAGR is 10.67%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Airan Ltd?
Promoters hold 72.21% of the Airan Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Airan Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -5.54% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Airan Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10%11%15.6%9.6%9.9%8.6%11%12.2%13.6%17.5%-
Value Creation
Index
-0.3-0.20.1-0.3-0.3-0.4-0.2-0.10.00.3-

Growth Parameters

Sales 25.928.933.244.156.762.976.786.292.394.1101
Sales YoY Gr.-11.3%15%32.9%28.4%10.9%22.1%12.4%7%2%-
Adj EPS 0.20.10.30.30.50.40.50.70.90.90.9
YoY Gr.--44.4%170%-7.4%116%-24.1%19.5%46.9%23.6%1.1%-
BVPS (₹) 4.12.93.35.96.46.97.68.39.210.511.4
Adj Net
Profit
0.81.33.43.16.75.16.1911.111.311
Cash Flow from Ops. 10.7-9.88.52.1-111.511.117.72.419.4-
Debt/CF from Ops. 0.8-1.313.2-7.70.50.20.100-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.4%10.7%7%2%
Adj EPS 19.6%10.8%22.5%1.1%
BVPS11%10.3%11.6%14.6%
Share Price - -6.6% 0.8% -40.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.74.65.848.76.26.89.110.29.28.1
Op. Profit
Mgn %
17.615.921.619.919.21612.816.918.216.512.8
Net Profit
Mgn %
3.34.310.2711.88.2810.512.11210.9
Debt to
Equity
0.50.40.20.10.10.100000
Working Cap
Days
172205258212216233187154167176132
Cash Conv.
Cycle
8611511368749173597779105

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales26293344576377869294
Operating Expenses > + 21242635465367727679
Manufacturing Costs25815171724252424
Material Costs1100000000
Employee Cost 14161416243239414648
Other Costs > 5444545667
Operating Profit > 5579101010151616
Operating Profit Margin (%) 17.6%15.9%21.6%19.7%18.4%16.0%12.8%16.8%17.8%16.5%
Other Income > + 12332252210
Exceptional Items > 0000000000
Interest > 1111100000
Depreciation > 3225444444
Profit Before Tax > 23658710121521
Tax > 1122122335
Profit After Tax 125466891117
PAT Margin (%) 4.8%8.0%14.0%8.6%11.3%8.9%11.0%10.8%12.3%17.9%
Adjusted EPS (₹)0.10.20.40.30.50.50.70.70.91.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Airan - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 19368074818694103115131
Share Capital 5131313252525252525
Reserves 142367625661697890106
Debt +81397862201
Long Term Debt71296602200
Short Term Debt2000260001
Minority Interest0000000000
Trade Payables1100122222
Others Liabilities 21411111414171819
Total Liabilities 30519291100108112124135153

Fixed Assets

Net Fixed Assets +14155554565956626766
Gross Block22256959657274849296
Accumulated Depreciation81014591318222530
CWIP 1000000022
Investments 401393718141421
Inventories0000000000
Trade Receivables61489151916172819
Cash Equivalents 2121211013423
Others Assets 391619252122182222
Total Assets 30519291100108112124135153

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 11-1082-1111118219
PBT 23688710121521
Adjustment 433243-022-6
Changes in Working Capital 6-151-5-10336-118
Tax Paid -1-1-2-2-3-2-2-3-4-4
Cash Flow From Investing Activity + -81-1411-10-7-5-10-1
Capex -4-3-3-4-7-7-1-10-10-4
Net Investments -44-15460-6411
Others 00312-201-12
Cash Flow From Financing Activity + -218-5-30-2-4-0-20
Net Proceeds from Shares 01500000000
Net Proceeds from Borrowing -1-1-0-2-0-620-20
Interest Paid -1-1-1-1-1-0-0-0-0-0
Dividend Paid 0000000000
Others 06-4014-6000
Net Cash Flow 110-111-0-1-013-919

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.898.3911.956.588.276.699.379.3710.413.67
ROCE (%)10.0211.0415.619.69.858.5810.9912.2313.617.47
Asset Turnover Ratio0.860.710.470.480.590.610.70.730.710.65
PAT to CFO Conversion(x)11-51.60.5-0.171.831.3820.181.12
Working Capital Days
Receivable Days88.70124.50118.6068.3076.6099.2084.3069.3087.4090.40
Inventory Days4.90000000000
Payable Days184.50422.2000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Airan Ltd FAQs

The current trading price of Airan on 09-Jun-2026 12:39 is ₹16.30.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2026 the market cap of Airan stood at ₹205.9 Cr

The latest P/E ratio of Airan as of 08-Jun-2026 is 18.76.

The latest P/B ratio of Airan as of 08-Jun-2026 is 1.45.

The 52-week high of Airan is ₹32.68 and the 52-week low is ₹12.65.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Airan is ₹101 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Airan Ltd is a average quality company.

The key valuation ratios of Airan Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Airan Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Airan Ltd

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About MoneyWorks4Me

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