Airan Limited
NSE: AIRAN · IT Enabled Services · sector
₹13.86NSE close 2026-10-26
Key numbers
Market cap₹173 cr
Price₹13.86
52w high / low₹25 / ₹13
P/E11.6xSector median 20.1x
P/B1.1xSector median 1.6x
Book value₹12.5
Dividend yield–Sector median 0.70%
ROE10.4%Sector median 8.4%
ROCE13.0%Sector median 11.3%
OPM12.1%Sector median 9.6%
Debt / equity0.01xSector median 0.03x
EV/EBITDA10.8xSector median 10.8x
Interest cover171.5x
Current ratio5.33x
Sales growth 3y+4.8%Sector median +11.0%
Profit growth 3y+5.2%Sector median +16.6%
PEG3.35x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 91 companies in IT Enabled Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹27 cr vs borrowings ₹1 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 171.5x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY24).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 76% of net profit in the last 12 months.
- Debtor days went from 109 (FY24) to 92 (FY26).
- No dividend in the last 5 financial years.
- Price ₹13.86 on 2026-10-26: -44.3% from the 52-week high, +9.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹39.20 · low ₹13.86
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26 | 27 | 27 | 26 | 26 | 29 | 31 | 27 |
| EBITDA | 3 | 6 | 5 | 4 | 3 | 2 | 5 | 3 |
| OPM % | 10.5% | 20.9% | 16.8% | 15.1% | 9.9% | 7.4% | 17.6% | 13.0% |
| Other income | -1 | -3 | -7 | 2 | -0 | 9 | -3 | 6 |
| Net profit | -2 | 2 | -3 | 3 | 1 | 8 | 0 | 7 |
| EPS (₹) | -0.13 | 0.14 | -0.28 | 0.25 | 0.06 | 0.62 | 0.00 | 0.52 |
| Revenue YoY | +0.2% | +9.3% | +13.4% | +3.3% | ||||
| Profit YoY | – | +313.9% | – | +113.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 87 | 97 | 106 | 106 | 112 | 113 |
| EBITDA | 12 | 17 | 20 | 18 | 14 | 14 |
| Net profit | 10 | 10 | 13 | 18 | 12 | 16 |
| EPS (₹) | 0.80 | 0.84 | 0.98 | 1.46 | 0.93 | 1.20 |
| Revenue growth | +11.6% | +8.3% | +0.9% | +5.4% | +6.7% | |
| Profit growth | +7.9% | +21.1% | +46.7% | -34.4% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.8% | +11.1% | +6.7% |
| Net profit | +5.2% | +15.6% | – |
| EPS | +3.5% | +14.6% | – |
| Share price | – | -35.4% (2y) | -37.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 114 | 126 | 144 | 156 |
| Borrowings | – | 5 | 1 | 2 | 1 |
| Cash & equivalents | – | 27 | 16 | 29 | 27 |
| Total assets | – | 148 | 158 | 179 | 193 |
| Fixed assets | – | 75 | 79 | 78 | 74 |
| Capital work in progress | – | 0 | 2 | 2 | 2 |
| Investments | – | 0 | 0 | 14 | 17 |
| Receivables | – | 19 | 32 | 23 | 28 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 3 | 3 | 3 | 3 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 11 | 23 | 3 | 21 | 4 |
| Cash from investing | -8 | -16 | -9 | -3 | -19 |
| Cash from financing | 9 | -1 | -4 | 1 | -1 |
| Capex | 4 | 22 | 14 | 5 | 3 |
| Free cash flow | 7 | 1 | -11 | 16 | 1 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.1% | 10.0% | 12.8% | 7.7% |
| ROCE % | – | 12.2% | 13.5% | 16.2% | 10.3% |
| Debtor days | – | 72 | 109 | 79 | 92 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 10 | 10 | 9 | 11 |
| Cash conversion cycle (days) | – | 62 | 99 | 70 | 81 |
| Working capital days | – | 201 | 204 | 226 | 256 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.21% |
| DIIs | 0.00% |
| Public (non-institutions) | 27.78% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 72.34% | 72.34% | 72.34% | 72.21% | 72.21% | 72.21% | 72.21% | 72.21% |
| Promoter group | % |
|---|---|
| Airan Network Private Limited | 33.59% |
| SANDEEPKUMAR VISHWANATH AGRAWAL (HUF) (KARTA: Abhishek Sandeepkumar Agrawal) | 12.00% |
| Sandeepkumar V Agrawal | 12.00% |
| Poonam Sandeepkumar Agrawal | 10.01% |
| Abhishek Sandeepkumar Agrawal | 4.54% |
| Abhilasha Sandeepkumar Agrawal | 0.08% |
| VISHWANATH BHIMSEN AGRAWAL HUF (Karta: SANDEEPKUMAR V AGRAWAL ) | 0.00% |
55,736 shareholders. Pledged: – of promoter shares.
Peers in IT Enabled Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LTTS | ₹42,777 cr | 27.8x | 6.0x | 23.2% | 26.8% | 17.8% | +11.1% | 1.39% |
| IKS | ₹28,359 cr | 36.4x | 10.1x | 33.3% | 30.2% | 34.3% | – | – |
| TATATECH | ₹27,242 cr | 48.4x | 7.1x | 15.2% | 18.1% | 13.9% | – | 1.75% |
| NETWEB | ₹24,404 cr | 93.4x | 33.7x | 41.6% | 37.4% | 13.3% | – | 0.05% |
| SAGILITY | ₹20,823 cr | 21.0x | 2.1x | 11.0% | 13.1% | 23.6% | – | 0.11% |
| AFFLE | ₹18,518 cr | 38.7x | 5.1x | 14.5% | 16.1% | 22.5% | +23.6% | – |
| BBOX | ₹14,137 cr | 60.6x | 11.0x | 22.1% | 20.2% | 8.2% | +0.2% | 0.12% |
| CYIENT | ₹13,821 cr | 36.3x | 2.4x | 6.9% | 11.6% | 11.2% | +6.5% | 2.38% |
| ESDS | ₹12,988 cr | – | – | – | – | – | – | – |
| AIRAN | ₹173 cr | 11.6x | 1.1x | 10.4% | 13.0% | 12.1% | +4.8% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2019-08-14 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Information Technology |
| Industry | IT Enabled Services |
| Sub-industry | IT Enabled Services |
| Symbol | AIRAN |
| BSE code | 543811 |
| ISIN | INE645W01026 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.