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About
AION-Tech Solutions Ltd (GOLDTECH)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531439 NSE: GOLDTECH IT - Software | Small Cap | AION-Tech Solutions Share Price
₹38.90 -0.79 (-1.99%)
As on 23-Oct'26 16:59
AION-Tech Solutions Ltd (GOLDTECH)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531439 NSE: GOLDTECH IT - Software | Small Cap | AION-Tech Solutions Share Price
₹38.90 -0.79 (-1.99%)
As on 23-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹203 Cr.
Current Price
₹38.9
52-Week Low / High
₹30 / 69
TTM EPS
₹-0.3
TTM Sales
₹143 Cr.
Book Value per Share
₹58
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
21.9
Price to Book (P/B)
0.67
Lower than its 5-year historical median
Price to Sales (P/S)
1.42
Lower than its 5-year historical median
EV/EBITDA
13.27
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.50%
Underperforms industry median
Return on Capital Employed (ROCE)
3.74%
Underperforms industry median
Return on Assets (ROA)
0.34%
Operating Profit Margin
7.3%
Net Profit Margin
0.75%
Gross Profit Margin
6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.31%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-89.8%
Asset Quality
Promoter Holding
52.44%
Pledged shares (%) of Promoter's holding (%)
3.24%
Reserves
₹251 Cr.
Equity
₹52.3 Cr.
Face Value
₹10
All Time Low / High
₹2.38 / 538.50
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is AION-Tech Solutions Ltd a good quality company?
AION-Tech Solutions Ltd is a weak quality company, based on a inconsistent 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 AION-Tech Solutions Ltd performance compare with that of its Peers?
Revenue growth of AION-Tech Solutions Ltd vs industry peers?
AION-Tech Solutions Ltd revenue CAGR is 15.76%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of AION-Tech Solutions Ltd?
Promoters hold 52.44% of the AION-Tech Solutions Ltd, with 3.24% of their stake pledged, indicating low pledge risk.
Stock return of AION-Tech Solutions Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.6% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
AION-Tech Solutions Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -0.1% | 7.3% | 10% | 4.9% | 6.4% | 3.2% | 7.1% | 5.7% | 25.2% | 10.6% | - |
| Value Creation Index ⓘ | -1.0 | -0.5 | -0.3 | -0.7 | -0.5 | -0.8 | -0.5 | -0.6 | 0.8 | NA | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 21.5 | 25.1 | 34.1 | 35.2 | 42.2 | 54.9 | 74.9 | 79 | 86.8 | 100 | 99 |
| Sales YoY Gr. | - | 16.6% | 36% | 3.2% | 19.9% | 30.2% | 36.3% | 5.5% | 9.9% | 15.3% | - |
| Adj EPS ⓘ | 0.7 | 1.1 | 1 | 0.8 | 0.9 | 0.3 | 0.8 | 0.7 | 1 | 1.6 | 1.2 |
| YoY Gr. | - | 68.2% | -7.2% | -27.2% | 20% | -62.2% | 129.4% | -11.5% | 49.3% | 53.4% | - |
| BVPS (₹) ⓘ | 12.8 | 14.2 | 15.2 | 15.8 | 16.6 | 15.9 | 16.7 | 17.3 | 23.7 | 56.2 | 56.2 |
| Adj Net Profit ⓘ | 1.3 | 2.1 | 1.9 | 1.4 | 1.7 | 1.2 | 2.7 | 2.4 | 3.6 | 8.2 | 6 |
| Cash Flow from Ops. ⓘ | -2.1 | 0.1 | 2.1 | -2.8 | 3.9 | 2.3 | 2.2 | 2.6 | -16.1 | -23.9 | - |
| Debt/CF from Ops. ⓘ | -0.7 | 24.8 | 1 | -1.5 | 0 | 1.6 | 0 | 1.4 | -0.2 | -0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 18.6% | 18.9% | 10.2% | 15.3% | ||||
| Adj EPS ⓘ | 10.2% | 11.9% | 26.5% | 53.4% | ||||
| BVPSⓘ | 17.9% | 27.7% | 50% | 137.5% | ||||
| Share Price | 19.7% | 4.2% | -24.7% | -32.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.2 | 8.2 | 7 | 4.8 | 5.5 | 2.7 | 4.8 | 4 | 5 | 4.4 | 2.2 |
| Op. Profit Mgn % ⓘ | 0.4 | 6.4 | 10.1 | 6.6 | 5.7 | -1.1 | 5.1 | 4.9 | 2.3 | 5.5 | 5.9 |
| Net Profit Mgn % ⓘ | 5.8 | 8.3 | 5.7 | 4 | 4 | 2.1 | 3.6 | 3 | 4.1 | 8.2 | 6.5 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0 | 0.1 | 0 | 0 | - |
| Working Cap Days ⓘ | 393 | 297 | 211 | 252 | 227 | 155 | 112 | 126 | 170 | 209 | 82 |
| Cash Conv. Cycle ⓘ | 59 | 53 | 34 | 44 | 45 | 39 | 32 | 32 | 26 | 30 | 57 |
Valuation of AION-Tech Solutions - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.89 | 2.89 | 3.24 | 3.24 | 3.24 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37 | 36 | 42 | 43 | 50 | 61 | 93 | 93 | 89 | 135 |
| Operating Expenses > ⓘ + | 38 | 35 | 41 | 42 | 50 | 62 | 91 | 93 | 92 | 125 |
| Operating Profit > ⓘ | -1 | 1 | 1 | 1 | 0 | -1 | 2 | -0 | -3 | 10 |
| Operating Profit Margin (%) | -3.4% | 1.7% | 1.4% | 1.6% | 0.1% | -2.2% | 2.0% | -0.2% | -3.0% | 7.2% |
| Other Income > ⓘ + | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 1 | 3 | 5 |
| Interest > ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 6 |
| Depreciation > ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 19 |
| Profit Before Tax > ⓘ | -1 | 0 | 0 | 0 | -0 | 1 | 2 | -2 | 13 | 3 |
| Tax > ⓘ | -1 | -1 | 1 | 0 | 0 | 0 | 1 | 1 | 3 | 2 |
| Profit After Tax | -0 | 2 | -1 | -0 | -1 | 1 | 0 | -2 | 10 | 1 |
| PAT Margin (%) | -0.3% | 4.3% | -2.1% | -0.3% | -1.2% | 0.8% | 0.5% | -2.3% | 11.1% | 0.8% |
| Adjusted EPS (₹) | -0.1 | 0.8 | -0.5 | -0.1 | -0.3 | 0.2 | 0.1 | -0.6 | 2.9 | 1.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 41 | 43 | 44 | 45 | 44 | 68 | 69 | 67 | 96 | 306 | |
| Debt + | 1 | 2 | 2 | 4 | 0 | 4 | 6 | 10 | 2 | 69 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | |
| Trade Payables | 4 | 4 | 5 | 7 | 6 | 9 | 9 | 12 | 13 | 18 | |
| Others Liabilities ⓘ | 17 | 8 | 9 | 9 | 9 | 8 | 14 | 16 | 19 | 55 | |
| Total Liabilities ⓘ | 63 | 57 | 59 | 65 | 59 | 88 | 98 | 105 | 131 | 453 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 20 | 19 | 20 | 19 | 19 | 19 | 25 | 27 | 21 | 294 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 7 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 7 | 15 | 2 | |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Receivables | 6 | 8 | 9 | 12 | 10 | 13 | 24 | 22 | 19 | 33 | |
| Cash Equivalents | 15 | 6 | 5 | 4 | 2 | 33 | 16 | 20 | 29 | 19 | |
| Others Assets ⓘ | 22 | 24 | 26 | 30 | 28 | 23 | 25 | 27 | 45 | 98 | |
| Total Assets ⓘ | 63 | 57 | 59 | 65 | 59 | 88 | 98 | 105 | 131 | 453 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -4 | -9 | -0 | -3 | 2 | 8 | -11 | 4 | -12 | -14 |
| Cash Flow From Investing Activity ⓘ + | 0 | -0 | -0 | 0 | 0 | -35 | 4 | -8 | 20 | 16 |
| Cash Flow From Financing Activity ⓘ + | 1 | 0 | -0 | 1 | -4 | 26 | 6 | 4 | -7 | 8 |
| Net Cash Flow ⓘ | -2 | -9 | -1 | -1 | -2 | -1 | 0 | -0 | 1 | 9 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -0.2 | 3.6 | -2.02 | -0.29 | -1.29 | 0.91 | 0.67 | -3.2 | 12.16 | 0.5 |
| ROCE (%) | -2.12 | 1.12 | 1 | 0.85 | 0.27 | 1.76 | 2.97 | -0.82 | 16.07 | 3.74 |
| Asset Turnover Ratio | 0.48 | 0.59 | 0.71 | 0.69 | 0.8 | 0.83 | 1 | 0.92 | 0.75 | 0.46 |
| PAT to CFO Conversion(x) | N/A | -4.5 | N/A | N/A | N/A | 8 | N/A | N/A | -1.2 | -14 |
| Working Capital Days | ||||||||||
| Receivable Days | 59.40 | 72.30 | 73.30 | 87.70 | 80 | 69.50 | 72.10 | 89.30 | 84.90 | 71 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 388.50 | 289.20 | 141 | 132.50 | 99.20 | 75.10 | 50 | 58.50 | 69.50 | 77.10 |
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Announcements
AION-Tech Solutions Ltd FAQs
The current trading price of AION-Tech Solutions on 23-Oct-2026 16:59 is ₹38.90.
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 22-Oct-2026 the market cap of AION-Tech Solutions stood at ₹203.3 Cr
The latest P/E ratio of AION-Tech Solutions as of 22-Oct-2026 is 31.48.
The latest P/B ratio of AION-Tech Solutions as of 22-Oct-2026 is 0.69.
The 52-week high of AION-Tech Solutions is ₹68.60 and the 52-week low is ₹30.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of AION-Tech Solutions is ₹99.20 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that AION-Tech Solutions Ltd is a below average quality company.
The key valuation ratios of AION-Tech Solutions Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of AION-Tech Solutions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About AION-Tech Solutions Ltd
AION-Tech Solutions (formerly known as Goldstone Technologies) is a leading Business Intelligence and IT Services company. Founded in 1994 as Goldstone Technologies, the company is publicly listed on the BSE and the National Stock Exchange of India (NSE). At AION-Tech Solutions, they unite people, processes, and technology to tackle complex business challenges. The company’s Business Intelligence (BI) and Analytics solutions empower customers to achieve success through data-driven insights. The company’s world-class IT services are designed to be flexible, high-quality, and cost- effective, fostering trust-based relationships with its clients. The company offers services to industries such as Banking, financial services and insurance (BFSI), Automotive and Manufacturing, Telecom, Media & Entertainment, Retail & E-Commerce, Hitech, Travel & Hospitality, and Healthcare.
Business area of the company
The company is a specialist Full-Stack BI, Data Analytics, and IT services consulting firm. The company offers a comprehensive range of strategic services designed to enhance data planning, reduce costs, and accelerate BI adoption. The company’s solutions enable clients to significantly reduce time-to-value, driving impactful business outcomes and fostering data- driven success.
Consulting Services
- BI & Analytics
- Cloud Services
- Sustainability Services
- Data Science and Analytics
- Tableau Support as a Service (TSaaS)
- Data Lifecycle Diagnostics
- Digital Automation
- AI & NLP
- ATS Akademia
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