Is Airfloa Rail Technology Ltd (544516) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Airfloa Rail Technology Ltd is a below average quality company .

Is Airfloa Rail Technology Ltd (544516) undervalued or overvalued?

The key valuation ratios of Airfloa Rail Technology Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Airfloa Rail Technology Ltd (544516) share price return in the past 10 years?

Data is not available for this company

Is Airfloa Rail Technology Ltd (544516) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Airfloa Rail Technology Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Airfloa Rail Technology Ltd (544516)?

Company share prices are keep on changing according to the market conditions. The current trading price of Airfloa Rail Technology Ltd (544516) on 17-Apr-2026 16:59:59 at 16:59 is 347.45.

What is the P/E ratio of Airfloa Rail Technology?

The latest standalone P/E ratio of Airfloa Rail Technology as of 17-Apr-2026 is 32.59.

What is the P/B ratio of Airfloa Rail Technology Ltd (544516)?

The latest standalone P/B ratio of Airfloa Rail Technology Ltd (544516) as of 17-Apr-2026 is 4.17.

What is the 52-week high and low of Airfloa Rail Technology Ltd (544516)?

The 52-week high of Airfloa Rail Technology Ltd (544516) is Rs. 431.95 and the 52-week low is Rs. 246.00.

Airfloa Rail Technology Ltd (544516) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Airfloa Rail Technology Ltd (544516)
Brand: Airfloa Rail Technology

Airfloa Rail Technology Ltd (544516) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Airfloa Rail Technology Ltd (544516)

BSE: 544516 NSE:

Key Metrics

Market Cap

₹833 Cr.

P/E Ratio

32.59

Price to Book (P/B)

4.17

Price to Sales (P/S)

4.33

EV/EBITDA

18.30

Return on Capital Employed (ROCE)

31.96%

Current Price

₹347.5

Return on Equity (ROE)

31.09%

Return on Assets (ROA)

11.17%

Operating Profit Margin

25.1%

Net Profit Margin

13.28%

Gross Profit Margin

19.5%

Book Value per Share

₹83.2

Sales Growth (YoY)

61.27%

Sales Growth (3 Years)

11.85%

Operating Profit Growth (1 Year)

51.84%

Operating Profit Growth (3 Years)

41.11%

Net Profit Growth (1 Year)

79.62%

52-Week Low / High

₹246 / 432

Net Profit Growth (3 Years)

95.26%

Dividend Yield

0.00%

Promoter Holding

54.20%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Airfloa Rail Technology Ltd?

Airfloa Rail Technology Ltd revenue growth is 61.3% for FY-2025 , which is above its 5 year CAGR of 0% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Airfloa Rail Technology Ltd?

Promoters hold 54.20% of the Airfloa Rail Technology Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Airfloa Rail Technology Ltd vs industry peers?

Airfloa Rail Technology Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 1.47% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Airfloa Rail Technology Ltd belong to?

Airfloa Rail Technology Ltd belongs to the Capital Goods & Industrial Consumables sector, operating specifically within the Engineering - Industrial Equipments segment.

Q.1 Stock return of Airfloa Rail Technology Ltd over the last decade?

Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

DeciZen - make an informed investing decision on Airfloa Rail Techno.

Based on:

Data

Overall Rating ⓘ
Login to view analysis.

1. Quality

2. Valuation ⓘ

3. Price Trend

Airfloa Rail Technology stock performance

Key Ratios

Is Airfloa Rail Technology Ltd an attractive stock to invest in?

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	12.5%	12.7%	29.3%	32%	-
Value Creation Index ⓘ	-0.1	-0.1	1.1	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	137	95.2	119	192	192
Sales YoY Gr.	-	-30.8%	25.4%	61.3%	-
Adj EPS ⓘ	2.3	1	9.5	14.6	10.7
YoY Gr.	-	-56.3%	850%	53.9%	-
BVPS (₹) ⓘ	26.9	27.9	37.4	62.1	83.2
Adj Net Profit ⓘ	3.4	1.5	14.2	25.5	26
Cash Flow from Ops. ⓘ	30.5	10.1	3.5	-4.4	-
Debt/CF from Ops. ⓘ	2.3	6	18.4	-13.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	11.9%	61.3%
Adj EPS ⓘ	NA	NA	85.5%	53.9%
BVPSⓘ	NA	NA	32.2%	66.2%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	8.5	3.6	29.1	31.1	14.7
Op. Profit Mgn % ⓘ	12.5	17.4	26.7	25.1	NAN
Net Profit Mgn % ⓘ	2.5	1.6	11.9	13.3	13.3
Debt to Equity ⓘ	1.8	1.4	1.1	0.6	-
Working Cap Days ⓘ	0	484	446	362	0
Cash Conv. Cycle ⓘ	0	113	121	170	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	10.7	10.7
TTM Sales (₹ Cr.)	192	192
BVPS (₹) ⓘ	83.2	84.2
Reserves (₹ Cr.) ⓘ	176	178
P/BV ⓘ	4.17	4.12
PE ⓘ	32.59	32.60

From the Market
52 Week Low / High (₹)	246.00 / 431.95
All Time Low / High (₹)	246.00 / 431.95
Market Cap (₹ Cr.)	833
Equity (₹ Cr.)	24
Face Value (₹)	10
Industry PE ⓘ	55.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Airfloa Rail Techno. - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Sales	137	95	119	192
Operating Expenses ⓘ +	120	79	87	144
Manufacturing Costs	13	11	6	9
Material Costs	82	46	65	113
Employee Cost	14	11	9	11
Other Costs ⓘ	11	10	8	11
Operating Profit ⓘ	17	17	32	48
Operating Profit Margin (%)	12.5%	17.4%	26.7%	25.1%
Other Income ⓘ +	0	0	4	0
Exceptional Items ⓘ	0	0	0	0
Interest ⓘ	9	11	12	11
Depreciation ⓘ	3	3	3	3
Profit Before Tax ⓘ	5	2	21	35
Tax ⓘ	2	1	6	9
Profit After Tax	3	1	14	26
PAT Margin (%)	2.5%	1.6%	11.9%	13.3%
Adjusted EPS (₹)	2.3	1.0	9.5	14.6
Dividend Payout Ratio (%)	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	40	42	56	108
Share Capital ⓘ	5	5	5	17
Reserves ⓘ	35	37	51	91
Debt +	69	59	64	60
Long Term Debt	1	0	0	1
Short Term Debt	68	59	64	59
Minority Interest	0	0	0	0
Trade Payables	56	52	60	64
Others Liabilities ⓘ	12	11	23	24
Total Liabilities ⓘ	177	164	202	256
Fixed Assets
Net Fixed Assets ⓘ +	37	36	34	37
Gross Block	57	59	60	65
Accumulated Depreciation	20	23	26	28
CWIP ⓘ	0	0	0	0
Investments ⓘ	0	0	0	0
Inventories	40	50	46	62
Trade Receivables	64	49	102	128
Cash Equivalents	12	4	2	4
Others Assets ⓘ	23	26	19	25
Total Assets ⓘ	177	164	202	256

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	31	10	3	-4
PBT ⓘ	5	2	21	35
Adjustment ⓘ	11	13	11	12
Changes in Working Capital ⓘ	17	-5	-28	-47
Tax Paid ⓘ	-3	-1	-0	-5
Cash Flow From Investing Activity ⓘ +	-23	3	3	-6
Capex	-13	-2	-1	-6
Net Investments	0	0	0	0
Others ⓘ	-10	5	4	-1
Cash Flow From Financing Activity ⓘ +	-1	-21	-7	13
Net Proceeds from Shares ⓘ	0	0	0	27
Net Proceeds from Borrowing ⓘ	0	-2	-1	1
Interest Paid ⓘ	-7	-10	-11	-10
Dividend Paid ⓘ	0	0	0	0
Others ⓘ	6	-9	4	-5
Net Cash Flow ⓘ	6	-8	-1	2

Finance Ratio

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	8.53	3.64	29.13	31.09
ROCE (%)	12.52	12.73	29.27	31.96
Asset Turnover Ratio	0.78	0.56	0.65	0.84
PAT to CFO Conversion(x)	10.33	10	0.21	-0.15
Working Capital Days
Receivable Days	170	217	230	218
Inventory Days	107	174	147	103
Payable Days	249	428	316	200

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Airfloa Rail Technology Ltd FAQs

The current trading price of Airfloa Rail Techno. on 17-Apr-2026 16:59 is ₹347.4.

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 16-Apr-2026 the market cap of Airfloa Rail Techno. stood at ₹832.8 Cr

The latest P/E ratio of Airfloa Rail Techno. as of 16-Apr-2026 is 32.59.

The latest P/B ratio of Airfloa Rail Techno. as of 16-Apr-2026 is 4.17.

The 52-week high of Airfloa Rail Techno. is ₹431.9 and the 52-week low is ₹246.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Airfloa Rail Techno. is ₹192 ( Cr.) .

About Airfloa Rail Technology Ltd

Airfloa Rail Technology Limited was originally incorporated as ‘Air Flow Equipments (India) Private Limited’ a private limited company on December 14, 1998 in Chennai, Tamil Nadu. Thereafter, name of the company was changed from ‘Air Flow Equipments (India) Private Limited’ to ‘Airfloa Rail Technology Private Limited’, consequent to name change, pursuant to a special resolution passed by the shareholders of the company on July 18, 2024. Thereafter, name of the company was changed from ‘Airfloa Rail Technology Private Limited’ to ‘Airfloa Rail Technology Limited’, consequent to conversion of the company from private to public company, pursuant to a special resolution passed by the shareholders of the company on September 12, 2024.

The company is engaged in the manufacturing of components which are used in the rolling stock for the Indian Railways through railway production units like Integral Coach Factory (ICF), other coach factories. In addition to manufacturing the rolling stock components, it carries out turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, it manufactures intricate, highly engineered, and vital components. Along with Indian Railways through ICF and other coach factories, it also serves other Rails factories, and global rolling stock OEMs. The company has been in operation for over two decades, and possesses extensive expertise as a reliable supplier of high-precision forged and machined components for the rolling stock, aerospace, and defence industries, as well as undertaking turnkey interior furnishing projects in railways. Its in-house competencies include engineering, design, tooling, material development, finishing, and assembly, with the focus on continuously improving production and quality processes. Its process design abilities and several years of manufacturing high-precision forged and machined components enables it to develop high-quality and cost-effective solutions for the demanding applications of Indian Railways, global railways OEMS and OEMs in aerospace and defence sector which makes it a strategic and reliable partner.

With promoter and management team boasting over more than two decades of experience in the Railway OEM industry, the company benefits from deep industry knowledge and strategic leadership, enhancing the ability to innovate, navigate market dynamics, and build strong client relationships.

Business area of the company

The company is engaged in the business of manufacturing, processing, assembling, developing, designing with all type of railway rolling stocks, passenger rail coaches and their discrete components, Rail wagons and their discrete components, locomotives and their discrete components. In the aerospace and defence sectors, it manufactures intricate, highly engineered, and vital components. Its in-house competencies include engineering, design, tooling, material development, finishing, and assembly, with the focus on continuously improving production and quality processes.

Products of the company

Train Materials
Train 18 Seat
Roller Bed
ACP Interior panelling
Supply of Rake set
Roof & Sidewall
GM Coach LRAAC
Automatic Sliding Door
Roof & Sidewall
Nose cone
Luggage Rack

History and milestones

1998: Incorporation of company.
2003-04: First company in India to supply Aluminium with powder coating to railway coaches (Interior products).
2004-05: Company received first export coach windows order for Angola through Indian railways.
2008: The company has started providing its own rail coach design to customers.
2010: The company started Metro Rail Segment.
2014-2016: The company ventured into coach body building.
2018-19: The company bagged orders for prestigious Vande Bharat (T-18) interior & seat components.
2019: The company started Aero space segment.
2020-21: The company bagged an executed order for complete turnkey interior furnishing of 97 mainline passenger coaches for Srilanka through RITES.
2024: The company changed its name from Airflow Equipments India Private Limited to Airfloa Rail Technology Private Limited. The company also converted into a public limited company, henceforth the name of the company changed to Airfloa Rail Technology Limited.

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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Airfloa Rail Technology Ltd (544516) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Airfloa Rail Techno. Share Price