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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

₹16.68 -0.12 (-0.71%)

As on 21-Sep'26 16:59

Airan Ltd (AIRAN)

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

₹16.68 -0.12 (-0.71%)

As on 21-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹209 Cr.
Current Price
₹16.7
52-Week Low / High
₹13 / 27
TTM EPS
₹1.3
TTM Sales
₹113 Cr.
Book Value per Share
₹13
P/E Ratio
13.29
Lower than its 5-year historical median
Industry PE
20.7
Price to Book (P/B)
1.28
Lower than its 5-year historical median
Price to Sales (P/S)
1.84
Lower than its 5-year historical median
EV/EBITDA
7.70
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
13.88%
Outperforms industry median
Return on Capital Employed (ROCE)
17.42%
Outperforms industry median
Return on Assets (ROA)
11.13%
Operating Profit Margin
17%
Net Profit Margin
17.62%
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
-7.65%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
45.62%
Asset Quality
Promoter Holding
72.21%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹138 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

Somewhat Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
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.

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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.

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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 13.05%, compared to the industry median CAGR of 0%, 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 -5.63% based on the current price.
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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 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 ⓘ25.928.933.244.156.762.976.786.292.394.1102
Sales YoY Gr.-11.3%15%32.9%28.4%10.9%22.1%12.4%7%2%-
Adj EPS ⓘ0.20.10.30.30.50.40.50.70.90.91.2
YoY Gr.--44.4%170%-7.4%116%-24.1%19.5%46.9%23.6%1.1%-
BVPS (₹) ⓘ4.12.93.35.96.46.97.68.39.210.511.8
Adj Net
Profit ⓘ		0.81.33.43.16.75.16.1911.111.314
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%
BVPSⓘ11%10.3%11.6%14.6%
Share Price - -5.5% -8.9% -36%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		4.74.65.848.76.26.89.110.29.210.3
Op. Profit
Mgn % ⓘ		17.615.921.619.919.21612.816.918.216.512.1
Net Profit
Mgn % ⓘ		3.34.310.2711.88.2810.512.11214.1
Debt to
Equity ⓘ		0.50.40.20.10.10.10000-
Working Cap
Days ⓘ		172205258212216233187154167176132
Cash Conv.
Cycle ⓘ		8611511368749173597779105

Valuation of Airan - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales29374958668797105106
Operating Expenses > ⓘ + 243040475675818688
Manufacturing Costs5917171827282727
Material Costs100000000
Employee Cost 161518253342455254
Other Costs > ⓘ 465546778
Operating Profit > ⓘ 589111112172018
Operating Profit Margin (%) 15.9%20.6%18.1%18.3%15.9%13.6%17.1%18.6%17.0%
Other Income > ⓘ + 2332263311
Exceptional Items > ⓘ 000000000
Interest > ⓘ 111111100
Depreciation > ⓘ 225445555
Profit Before Tax > ⓘ 3768812141724
Tax > ⓘ 122122345
Profit After Tax 2547610111319
PAT Margin (%) 8.0%13.6%8.5%11.7%8.9%11.5%11.0%12.2%17.6%
Adjusted EPS (₹)0.20.40.30.50.50.80.81.01.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3680758288104114126144
Share Capital ⓘ 131313252525252525
Reserves ⓘ 23686357637989101119
Debt +13151111105512
Long Term Debt1296602200
Short Term Debt075594312
Minority Interest000018899
Trade Payables100143333
Others Liabilities ⓘ 1411111515182021
Total Liabilities ⓘ 5110097105117135148158179

Fixed Assets

Net Fixed Assets ⓘ +155756576563788281
Gross Block257175819396116125130
Accumulated Depreciation101419242833384449
CWIP ⓘ 000000022
Investments ⓘ 010611118815
Inventories000000000
Trade Receivables1489152218193123
Cash Equivalents 1213221319828
Others Assets ⓘ 92423292730232730
Total Assets ⓘ 5110097105117135148158179
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -1026-0111122421
PBT ⓘ 3798812141724
Adjustment ⓘ 33133-033-5
Changes in Working Capital ⓘ -15-6-1-9319-127
Tax Paid ⓘ -1-2-2-3-2-2-3-4-4
Cash Flow From Investing Activity ⓘ + 1-1411-6-7-15-10-3
Capex -3-4-4-6-8-3-20-11-5
Net Investments 4-15440-6311
Others ⓘ 0522122-11
Cash Flow From Financing Activity ⓘ + 181-6-1-68-1-41
Net Proceeds from Shares ⓘ 15000013000
Net Proceeds from Borrowing ⓘ -16-2-0-620-20
Interest Paid ⓘ -1-1-1-1-1-0-1-0-0
Dividend Paid ⓘ 000000000
Others ⓘ 6-4-301-6-1-22
Net Cash Flow ⓘ 10-112-0-1126-1120
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.3912.987.088.586.9510.59.8710.7513.88
ROCE (%)8.6115.719.449.818.9312.2812.714.0317.42
Asset Turnover Ratio0.570.50.490.570.60.690.690.690.63
PAT to CFO Conversion(x)-50.41.5-01.831.120.311.11
Working Capital Days
Receivable Days176.40105.606477.70103.2085.3070.7087.9093.60
Inventory Days000000000
Payable Days447.60573.10002,244.100000

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Airan Ltd FAQs

The current trading price of Airan on 21-Sep-2026 16:59 is ₹16.68.

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 20-Sep-2026 the market cap of Airan stood at ₹208.5 Cr

The latest P/E ratio of Airan as of 20-Sep-2026 is 14.45.

The latest P/B ratio of Airan as of 20-Sep-2026 is 1.41.

The 52-week high of Airan is ₹26.65 and the 52-week low is ₹12.65.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Airan is ₹102 ( 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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