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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

₹14.44 -0.43 (-2.89%)

As on 12-Oct'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

₹14.44 -0.43 (-2.89%)

As on 12-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹186 Cr.
Current Price
₹14.4
52-Week Low / High
₹13 / 25
TTM EPS
₹1.3
TTM Sales
₹113 Cr.
Book Value per Share
₹13
P/E Ratio
11.85
Lower than its 5-year historical median
Industry PE
20.1
Price to Book (P/B)
1.14
Lower than its 5-year historical median
Price to Sales (P/S)
1.64
Lower than its 5-year historical median
EV/EBITDA
6.82
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
8.10%
Outperforms industry median
Return on Capital Employed (ROCE)
10.69%
Outperforms industry median
Return on Assets (ROA)
6.54%
Operating Profit Margin
12.7%
Net Profit Margin
10.83%
Gross Profit Margin
19.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
7.75%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-21.04%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-35.22%
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 11.10%, 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 -7.17% 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ11%15.6%9.6%9.9%8.6%11%12.2%13.6%17.5%10.5%-
Value Creation
Index ⓘ		-0.20.1-0.3-0.3-0.4-0.2-0.10.00.3-0.3-

Growth Parameters ⓘ
Sales ⓘ28.933.244.156.762.976.786.292.394.1101102
Sales YoY Gr.-15%32.9%28.4%10.9%22.1%12.4%7%2%7.8%-
Adj EPS ⓘ0.10.30.30.50.40.50.70.91.30.81.2
YoY Gr.-170%-7.4%116%-24.1%19.5%46.9%23.6%47.2%-35.9%-
BVPS (₹) ⓘ2.93.35.96.46.97.68.39.210.511.411.8
Adj Net
Profit ⓘ		1.33.43.16.75.16.1911.116.410.514
Cash Flow from Ops. ⓘ-9.88.52.1-111.511.117.72.419.44.6-
Debt/CF from Ops. ⓘ-1.313.2-7.70.50.20.1000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ15%10%5.5%7.8%
Adj EPS ⓘ26.7%15.4%5.3%-35.9%
BVPSⓘ16.5%10.5%11.1%8.1%
Share Price - -7.2% -16.2% -40%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		4.65.848.76.26.89.110.213.37.79.9
Op. Profit
Mgn % ⓘ		15.921.619.919.21612.816.918.216.512.912.1
Net Profit
Mgn % ⓘ		4.310.2711.88.2810.512.117.410.414.1
Debt to
Equity ⓘ		0.40.20.10.10.100000-
Working Cap
Days ⓘ		205258212216233187154167176168132
Cash Conv.
Cycle ⓘ		1151136874917359777967105

Valuation of Airan - Consolidated

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!

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'25Mar'26
Sales29374958668797105106112
Operating Expenses > ⓘ + 24304047567581868898
Manufacturing Costs591717182728272734
Material Costs1000000000
Employee Cost 16151825334245525556
Other Costs > ⓘ 4655467778
Operating Profit > ⓘ 58911111217201814
Operating Profit Margin (%) 15.9%20.6%18.1%18.3%15.9%13.6%17.1%18.6%17.0%12.7%
Other Income > ⓘ + 23322633117
Exceptional Items > ⓘ 000000000-0
Interest > ⓘ 1111111000
Depreciation > ⓘ 2254455555
Profit Before Tax > ⓘ 376881214172416
Tax > ⓘ 1221223454
Profit After Tax 254761011131912
PAT Margin (%) 8.0%13.6%8.5%11.7%8.9%11.5%11.0%12.2%17.6%10.8%
Adjusted EPS (₹)0.20.40.30.50.50.80.81.01.51.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3680758288104114126144156
Share Capital ⓘ 12.5012.5012.5025252525252525
Reserves ⓘ 23686357637989101119131
Debt +131511111055121
Long Term Debt12966022000
Short Term Debt0755943121
Minority Interest0000188999
Trade Payables1001433333
Others Liabilities ⓘ 141111151518202123
Total Liabilities ⓘ 5110097105117135148158179193

Fixed Assets

Net Fixed Assets ⓘ +15575657656378828177
Gross Block257175819396116125130131
Accumulated Depreciation10141924283338444954
CWIP ⓘ 0000000222
Investments ⓘ 01061111881533
Inventories0000000000
Trade Receivables148915221819312329
Cash Equivalents 121322131982811
Others Assets ⓘ 9242329273023273042
Total Assets ⓘ 5110097105117135148158179193
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -1026-01111224214
PBT ⓘ 379881214172416
Adjustment ⓘ 33133-033-5-2
Changes in Working Capital ⓘ -15-6-1-9319-127-7
Tax Paid ⓘ -1-2-2-3-2-2-3-4-4-4
Cash Flow From Investing Activity ⓘ + 1-1411-6-7-15-10-3-19
Capex -3-4-4-6-8-3-20-11-5-1
Net Investments 4-15440-6311-12
Others ⓘ 0522122-11-6
Cash Flow From Financing Activity ⓘ + 181-6-1-68-1-41-1
Net Proceeds from Shares ⓘ 150000130000
Net Proceeds from Borrowing ⓘ -16-2-0-620-20-2
Interest Paid ⓘ -1-1-1-1-1-0-1-0-0-0
Dividend Paid ⓘ 0000000000
Others ⓘ 6-4-301-6-1-220
Net Cash Flow ⓘ 10-112-0-1126-1120-16
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)6.3912.987.088.586.9510.59.8710.7513.888.1
ROCE (%)8.6115.719.449.818.9312.2812.714.0317.4210.69
Asset Turnover Ratio0.570.50.490.570.60.690.690.690.630.6
PAT to CFO Conversion(x)-50.41.5-01.831.120.311.110.33
Working Capital Days
Receivable Days176.40105.606477.70103.2085.3070.7087.9093.6084.30
Inventory Days0000000000
Payable Days447.60573.10002,244.1000000

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Airan Ltd FAQs

The current trading price of Airan on 12-Oct-2026 16:59 is ₹14.44.

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 11-Oct-2026 the market cap of Airan stood at ₹185.9 Cr

The latest P/E ratio of Airan as of 11-Oct-2026 is 12.88.

The latest P/B ratio of Airan as of 11-Oct-2026 is 1.26.

The 52-week high of Airan is ₹25.13 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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