Skip to main content
Swing Capital

Airan Ltd

NSE: AIRAN BSE: 543811IT / Software

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

₹16.7
52W: ₹12.6 — ₹32.7
PE 27.6 · Book ₹10.7 · +56% vs book
Market Cap₹209 Cr
Stock P/E27.6Price to Earnings
ROCE11.1%Return on Capital
ROE8.57%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of 10.7% over past five years.
  • −Company has a low return on equity of 9.25% over last 3 years.

Shareholding Pattern

Promoters72.21%
FIIs0%
DIIs0%
Public27.77%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.37%72.34%▼0.072.34%72.34%72.34%72.21%▼0.172.21%72.21%
FIIs0%0.01%▲0.00.09%▲0.10%▼0.10.01%▲0.00%▼0.00.13%▲0.10%▼0.1
DIIs0%0%0%0%0%0%0%0%
Public27.62%27.65%▲0.027.57%▼0.127.66%▲0.127.64%▼0.027.77%▲0.127.66%▼0.127.77%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales23.5521.9525.8422.9522.8123.624.7222.9623.8326.51
Expenses19.4518.419.3318.521.0618.9220.0919.7621.3423.99
Operating Profit4.13.556.514.451.754.684.633.22.492.52
OPM %17.41%16.17%25.19%19.39%7.67%19.83%18.73%13.94%10.45%9.51%
Net Profit2.872.54.2621.62-2.641.37-3.542.640.27.85
EPS ₹0.230.20.341.73-0.210.11-0.280.210.020.63

AI Insights

Revenue Trend

TTM revenue at ₹98.02Cr, up 4.2% YoY. OPM at 13.1%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1.81Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 72.21%.

Margin & Efficiency

ROCE improving from 8.45% (Mar 2014) to 11.07% (Mar 2025). Working capital days: 107.89.

Valuation

PE 27.6x with 11.1% ROCE. Price is 56% above book value of ₹10.7. Dividend yield: 0%.

Recent Announcements