Arthneeti

Airan Share Price & Earnings Call Analysis

₹14.29+0.49% today
Market cap
₹179 Cr
P/E
11.89
ROE
4.49%
PEG
-0.99
Price to sales
1.76
Debt to equity
0.00
52W high / low
₹23.2 / ₹12.8
Sales growth (5Y)
10.03%
EBITDA margin
12.12%
Net profit margin
6.05%
Promoter holding
72.21%
Sales (last year)
₹102 Cr

Incorporated in 1995, Airan Ltd provides consulting, technology, outsourcing, and next generation digital services & softwares[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Airan rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹1,016 Cr36.8
240%+Flat₹1,477 Cr34.5
340%+Flat₹1,451 Cr124.1
440%+Flat₹577 Cr18.3
540%+Flat₹361 Cr25.7
640%+Flat₹68 Cr6.7

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Financials of Airan

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Airan

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +26.4025.7023.8726.6425.2529.7426.1626.2326.8027.3125.7026.2729.30
Expenses +21.2520.6321.0921.9820.7821.8620.9923.4821.2022.7321.8023.6626.60
Operating Profit5.155.072.784.664.477.885.172.755.604.583.902.612.70
OPM %19.51%19.73%11.65%17.49%17.70%26.50%19.76%10.48%20.90%16.77%15.18%9.94%9.22%
Other Income +0.940.360.910.610.970.3621.95-1.30-2.91-6.591.61-0.208.26
Interest0.260.130.140.090.050.020.02-0.020.010.080.040.030.03
Depreciation1.321.411.111.421.571.371.361.391.521.161.261.281.32
Profit before tax4.513.892.443.763.826.8525.740.081.16-3.254.211.109.61
Tax %19.07%26.48%25.41%17.29%17.28%30.07%15.38%2,037.50%-70.69%5.54%23.04%29.09%18.94%
Net Profit +3.642.861.833.123.164.8021.78-1.541.99-3.443.230.777.77
EPS in Rs0.280.220.150.240.240.371.74-0.130.15-0.280.250.060.62

Financials of Airan

Profit & Loss

Annual income statement trend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +29374958668797106106109
Expenses +24304047567581868895
Operating Profit58911101217201814
OPM %16%20%18%19%16%14%17%19%17%13%
Other Income +23322633113
Interest1111101000
Depreciation2254455555
Profit before tax376881214172412
Tax %26%27%29%16%23%18%22%24%21%
Net Profit +25476101113198
EPS in Rs0.922.030.330.540.470.770.831.001.480.65
Dividend Payout %0%0%0%0%0%0%0%0%0%

Financials of Airan

Balance Sheet

Capital structure and asset base

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital12121225252525252525
Reserves23686357637989101119123
Borrowings +131511111055121
Other Liabilities +241112202629313236
Total Liabilities5110097105117135148158179185
Fixed Assets +15575657656378828179
CWIP0000000222
Investments01061111881545
Other Assets +35323546516161678159
Total Assets5110097105117135148158179185

Financials of Airan

Cash Flows

Operating, investing and financing cash movement

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-1026-0111122421
Cash from Investing Activity +1-1411-10-7-15-10-3
Cash from Financing Activity +181-6-1-28-1-41
Net Cash Flow10-112-0-1126-1120
Free Cash Flow-13-22-6381-716
CFO/OP-193%47%101%21%127%112%151%40%139%

Financials of Airan

Ratios

Working capital efficiency and return ratios

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days176757196123777210979
Inventory Days
Days Payable
Cash Conversion Cycle176757196123777210979
Working Capital Days25213018921515914198149126
ROCE %9%6%10%8%8%11%13%11%

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