Airfloa Rail Technology Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹1,164 Cr
- P/E
- 29.71
- ROE
- 22.68%
- PEG
- 0.14
- Price to sales
- 3.64
- Debt to equity
- 0.29
- 52W high / low
- ₹584 / ₹224
- EBITDA margin
- 20.11%
- Net profit margin
- 12.25%
- Promoter holding
- 54.20%
- Sales (last year)
- ₹320 Cr
Incorporated in December 1998, Airfloa Rail Technology Limited manufactures components for Indian Railways' rolling stock through production units like the Integral Coach Factory (ICF) and other coach factories.[1]
Guidance scorecard · Q4 FY26 call
What Airfloa Rail Technology Ltd's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ4 FY26 call
20–40%- Targeting approximately Rs.500 Crores revenue in FY2027 with a PAT margin of 12%-13%.
- Existing order book of Rs.486.9 Crores provides strong revenue visibility for FY2027.
- Active bid pipeline of Rs.1200 Crores across railways, metro systems, defence, and aerospace.
- Historically maintain a bid-win ratio of 20-25%, supporting future order inflows.
- Expect a conservative quarterly CAGR growth of about 20-25% over next couple of years.
- Growth driven by organic expansion, selective inorganic opportunities, and large Indian railway projects (Vande Bharat sleeper coaches, Amrit Bharat, Kolkata Metro).
- Defence and aerospace segment expected to grow with new joint ventures and technology developments.
2 more points from Airfloa Rail Technology Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Airfloa Rail Technology Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Committed investment of around Rs.25 Crores in a joint venture with Big Bang Boom Solutions focusing on autonomous drones and electronic warfare systems.
- Planned infrastructure expansion in FY2027 with capital expenditure of approximately Rs.30-35 Crores for setting up manufacturing sheds (50,000 to 100,000 sq. ft initially, expanding to 300,000-400,000 sq. ft) on 14 acres of land to consolidate operations…
- Considering changes in machinery procurement due to delays from Chinese suppliers, with a focus on acquiring advanced machinery relevant to lightweight rail coach interiors.
2 more points from Airfloa Rail Technology Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Airfloa Rail Technology Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Current order book stands at approximately Rs.469 Crores.
- Around Rs.29 Crores of current order book is from aerospace and defence, with an additional Rs.60-70 Crores expected from tenders mainly through HAL.
- A pipeline of Rs.1200 Crores is being bid upon, predominantly from the Indian railway sector (~70% of Rs.1200 Cr), including Atmanirbhar Bharat coach, Spark coach, Kavach coach, and Vande Bharat sleeper coaches.
- Metro segment orders currently stand at Rs.70 Crores, with Rs.120 Crores more expected within the Rs.1200 Crores pipeline.
- Defence orders expected around Rs.60-70 Crores from HAL; other defence projects in bidding stage excluded from Rs.1200 Crores.
2 more points from Airfloa Rail Technology Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | 40%+ | Flat | ₹8,076 Cr | 94.4 | |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | 40%+ | Flat | ₹2,580 Cr | 61.2 | |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingFinancials of Airfloa Rail Technology Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Airfloa Rail Technology Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Airfloa Rail Technology Ltd
Profit & Loss
Annual income statement trend
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 1 | 1 | 4 | 137 | 95 | 119 | 192 | 198 |
| Expenses + | 1 | 1 | 4 | 120 | 79 | 87 | 144 | 150 |
| Operating Profit | 0 | 0 | 0 | 17 | 17 | 32 | 48 | 48 |
| OPM % | 6% | 5% | 4% | 12% | 17% | 27% | 25% | 24% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 1 |
| Interest | 0 | 0 | 0 | 9 | 11 | 12 | 11 | 10 |
| Depreciation | 0 | 0 | 0 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 0 | 0 | 0 | 5 | 2 | 21 | 35 | 36 |
| Tax % | 33% | 50% | 67% | 56% | 36% | 31% | 27% | |
| Net Profit + | 0 | 0 | 0 | 2 | 1 | 14 | 26 | 28 |
| EPS in Rs | 8.00 | 2.00 | 0.80 | 4.38 | 2.98 | 28.49 | 14.64 | 14.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Airfloa Rail Technology Ltd
Balance Sheet
Capital structure and asset base
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.25 | 5 | 5 | 5 | 17 | 24 |
| Reserves | 0 | 0 | 0 | 37 | 37 | 51 | 91 | 186 |
| Borrowings + | 0 | 0 | 1 | 71 | 60 | 64 | 60 | 57 |
| Other Liabilities + | 0 | 0 | 1 | 49 | 62 | 82 | 87 | 53 |
| Total Liabilities | 1 | 1 | 2 | 162 | 164 | 202 | 256 | 320 |
| Fixed Assets + | 0 | 0 | 0 | 37 | 36 | 34 | 37 | 39 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 1 | 0 | 2 | 125 | 128 | 168 | 219 | 281 |
| Total Assets | 1 | 1 | 2 | 162 | 164 | 202 | 256 | 320 |
Financials of Airfloa Rail Technology Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 10 | 3 | -4 | ||||
| Cash from Investing Activity + | 3 | 3 | -6 | ||||
| Cash from Financing Activity + | -21 | -7 | 13 | ||||
| Net Cash Flow | -8 | -1 | 2 | ||||
| Free Cash Flow | 13 | 6 | -11 | ||||
| CFO/OP | 65% | 12% | 0% |
Financials of Airfloa Rail Technology Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 144 | 111 | 122 | 178 | 187 | 311 | 242 |
| Inventory Days | 28 | 61 | 23 | 181 | 400 | 258 | 202 |
| Days Payable | 81 | 79 | 92 | 186 | 414 | 337 | 207 |
| Cash Conversion Cycle | 92 | 93 | 52 | 172 | 173 | 232 | 237 |
| Working Capital Days | 96 | 73 | 66 | 16 | -19 | 47 | 114 |
| ROCE % | 10% | 12% | 13% | 29% | 32% |
Guidance history
How Airfloa Rail Technology Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
86 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +29.3% | 78% |
| Last 6 months | +48.5% | 88% |
| Last 3 months | +54.3% | 97% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Airfloa Rail Technology Ltd: 0.4 × 78 + 0.4 × 88 + 0.2 × 97 = 86.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Airfloa Rail Technology Ltd's management said in earlier quarters
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