Airan Ltd - Stock Valuation and Financial Performance

BSE: 543811 | NSE: AIRAN | IT - Software | Small Cap

Airan Share Price

22.90 -0.67 -2.84%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Airan

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Airan stock performance -

mw4me loader
P/E Ratio (SA):
29.11
Market Cap:
286.3 Cr.
52-wk low:
13
52-wk high:
37

Is Airan Ltd an attractive stock to invest in?

1. Is Airan Ltd a good quality company?

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

2. Is Airan Ltd undervalued or overvalued?

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

3. Is Airan Ltd a good buy now?

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

10 Year X-Ray of Airan:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.8%4%5.4%5.3%6.4%4.4%8.5%6.1%6.7%9.2%-
Value Creation
Index
-0.6-0.7-0.6-0.6-0.6-0.7-0.4-0.6-0.5-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 14.419.225.928.933.244.156.762.976.786.289
Sales YoY Gr.-33.5%35.4%11.3%15%32.9%28.4%10.9%22.1%12.4%-
Adj EPS 0.20.20.20.10.30.30.50.40.50.70.8
YoY Gr.--21.1%20%-44.4%170%-7.4%116%-24.1%19.5%46.9%-
BVPS (₹) 3.63.84.12.93.35.96.46.97.68.38.8
Adj Net
Profit
0.90.70.81.33.43.16.75.16.1910
Cash Flow from Ops. 20.610.7-9.88.52.1-111.511.117.7-
Debt/CF from Ops. 218.20.8-1.313.2-7.70.50.20.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.1%21%15%12.4%
Adj EPS 16%21.7%10.1%46.9%
BVPS9.6%20%8.7%9.5%
Share Price - -17.6% 13.2% 61.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.34.14.74.65.848.76.26.89.19.2
Op. Profit
Mgn %
15.515.817.615.921.619.919.21612.816.916.5
Net Profit
Mgn %
63.63.34.310.2711.88.2810.511.1
Debt to
Equity
0.20.60.50.40.20.10.10.100-
Working Cap
Days
298261172205258212216233187154115
Cash Conv.
Cycle
8911386115113687491735989

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.20%

Sales growth is growing at healthy rate in last 3 years 15.02%

Net Profit is growing at healthy rate in last 3 years 10.06%

Sales growth is not so good in last 4 quarters at 4.04%

Latest Financials - Airan Ltd.

Standalone Consolidated
TTM EPS (₹) 0.8 0.9
TTM Sales (₹ Cr.) 89.2 101
BVPS (₹.) 8.8 9.7
Reserves (₹ Cr.) 85 97
P/BV 2.59 2.35
PE 29.11 26.69
From the Market
52 Week Low / High (₹) 13.00 / 37.00
All Time Low / High (₹) 13.00 / 37.00
Market Cap (₹ Cr.) 286
Equity (₹ Cr.) 25
Face Value (₹) 2
Industry PE 33.7

Management X-Ray of Airan:

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 (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales14192629334457637786
Operating Expenses 12162124263546536772
Manufacturing Costs232581517172425
Material Costs1111000000
Employee Cost 8111416141624323941
Other Costs 2254445456
Operating Profit 23557910101015
Operating Profit Margin (%) 15.5%15.8%17.6%15.9%21.6%19.7%18.4%16.0%12.8%16.8%
Other Income 0012332252
Interest 0011111000
Depreciation 1232254444
Exceptional Items 0000000000
Profit Before Tax 112365871012
Tax 0011221223
Profit After Tax 1112546689
PAT Margin (%) 6.0%4.3%4.8%8.0%14.0%8.6%11.3%8.9%11.0%10.7%
Adjusted EPS (₹)0.10.10.10.20.40.30.50.50.70.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 171719368074818694103
Share Capital 55513131325252525
Reserves 12131423676256616978
Minority Interest0000000000
Debt410813978622
Long Term Debt16712966022
Short Term Debt3320002600
Trade Payables0011001222
Others Liabilities 222141111141417
Total Liabilities 233030519291100108112124

Fixed Assets

Gross Block13182225695965727484
Accumulated Depreciation468101459131822
Net Fixed Assets9131415555456595662
CWIP 0010000000
Investments 0040139371814
Inventories0000000000
Trade Receivables476148915191617
Cash Equivalents 112121211013
Others Assets7839161925212218
Total Assets 233030519291100108112124

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2111-1082-1111118
PBT 112368871012
Adjustment 1243324302
Changes in Working Capital -0-26-151-5-10336
Tax Paid 00-1-1-2-2-3-2-2-3
Cash Flow From Investing Activity -2-6-81-1411-10-7-5
Capex -2-6-4-3-3-4-7-7-1-10
Net Investments 00-44-15460-64
Others 0000312-201
Cash Flow From Financing Activity 16-218-5-30-2-40
Net Proceeds from Shares 00015000000
Net Proceeds from Borrowing 06-1-10-20-620
Interest Paid 00-1-1-1-1-1000
Dividend Paid 0000000000
Others 1006-4014-60
Net Cash Flow 10110-1110-1013
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.34.776.898.3911.956.588.276.699.379.37
ROCE (%)8.436.4110.0211.0415.619.69.858.5810.9912.23
Asset Turnover Ratio0.670.730.860.710.470.480.590.610.70.73
PAT to CFO Conversion(x)2111-51.60.5-0.171.831.382
Working Capital Days
Receivable Days86108891241196877998469
Inventory Days4750000000
Payable Days3736184422000000

Airan Ltd Stock News

Airan Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Airan on 28-Mar-2024 16:01 is ₹22.90.
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 28-Mar-2024 16:01 the market cap of Airan stood at ₹286.3.
The latest P/E ratio of Airan as of 28-Mar-2024 16:01 is 29.11.
The latest P/B ratio of Airan as of 28-Mar-2024 16:01 is 2.59.
The 52-week high of Airan is ₹37.00 and the 52-week low is ₹13.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Airan is ₹89.15 ( Cr.) .

About Airan Ltd

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