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Airan Ltd.
(AIRAN)
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Rating:63Neutral
Price Target:
₹18.50
▲(23.75% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily driven by solid financial stability from a very low-debt balance sheet, but is capped by weakening latest-year profitability and highly inconsistent operating and free cash flow. Technicals are mixed (short-term strength but longer-term downtrend signals), while valuation looks reasonable based on the moderate P/E.
Positive Factors
Low Leverage
A very low debt burden reduces financial risk and preserves flexibility when operating conditions change. The conservative capital structure can support continued investment, limit interest pressure, and improve the company’s ability to withstand periods of weaker profitability.
Negative Factors
Profitability Pressure
Declining gross and operating profit alongside higher revenue signals weaker efficiency and margin pressure in the latest year. If this pattern persists, revenue growth will translate less effectively into earnings, limiting reinvestment capacity and weakening returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A very low debt burden reduces financial risk and preserves flexibility when operating conditions change. The conservative capital structure can support continued investment, limit interest pressure, and improve the company’s ability to withstand periods of weaker profitability.
Read all positive factors
Airan Ltd. (AIRAN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.13B
Dividend YieldN/A
Average Volume (3M)16.55K
Price to Earnings (P/E)13.6
Beta (1Y)1.22
Revenue Growth6.65%
EPS GrowthN/A
CountryIN
Employees1,512
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)1.26
Shares Outstanding125,020,000
10 Day Avg. Volume35,552
30 Day Avg. Volume16,545
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)1.07
Price to Sales (P/S)1.49
P/FCF Ratio73.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Airan Ltd. Business Overview & Revenue Model
Company Description
Airan Limited, operating through its subsidiaries, delivers a broad spectrum of information technology (IT) and IT-enabled solutions throughout India. Its extensive service portfolio encompasses various domains, including financial and banking ser...
Airan Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
88
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.13B | 1.12B | 1.06B | 1.05B | 973.85M | 872.82M |
| Gross Profit | 214.83M | 189.81M | 265.90M | 298.84M | 270.24M | 203.44M |
| EBITDA | 111.55M | 143.40M | 291.64M | 226.36M | 195.76M | 177.48M |
| Net Income | 156.95M | 121.15M | 184.11M | 125.47M | 103.59M | 96.15M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.93B | 1.79B | 1.58B | 1.48B | 1.35B |
| Cash, Cash Equivalents and Short-Term Investments | 267.88M | 267.88M | 320.57M | 158.74M | 289.14M | 243.57M |
| Total Debt | 0.00 | 10.25M | 22.79M | 7.57M | 48.47M | 54.87M |
| Total Liabilities | -1.65B | 276.63M | 255.33M | 234.59M | 256.12M | 233.85M |
| Stockholders Equity | 1.65B | 1.56B | 1.44B | 1.26B | 1.14B | 1.04B |
Cash Flow | ||||||
| Free Cash Flow | 50.29M | 22.79M | 158.09M | -96.66M | 4.23M | 65.73M |
| Operating Cash Flow | 54.95M | 49.41M | 212.18M | 27.71M | 218.13M | 109.90M |
| Investing Cash Flow | -288.62M | -198.48M | -30.27M | -93.25M | -148.89M | -72.09M |
| Financing Cash Flow | -12.82M | -13.49M | 14.06M | -43.97M | -11.20M | 78.61M |
Airan Ltd. Technical Analysis
Positive
14.95
Price Trends
15.37
Positive
16.01
Positive
16.43
Positive
Market Momentum
0.46
Negative
69.74
Neutral
73.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AIRAN, the sentiment is Positive. The current price of 14.95 is below the 20-day moving average (MA) of 15.50, below the 50-day MA of 15.37, and below the 200-day MA of 16.43, indicating a bullish trend. The MACD of 0.46 indicates Negative momentum. The RSI at 69.74 is Neutral, neither overbought nor oversold. The STOCH value of 73.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AIRAN.
Airan Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹1.86B | 8.58 | ― | ― | 47.26% | 23.41% | |
63 Neutral | ₹2.13B | 13.63 | ― | ― | 6.65% | ― | |
60 Neutral | ₹2.48B | 86.75 | ― | 0.70% | 84.95% | 0.61% | |
56 Neutral | ₹1.37B | 1.82 | ― | 0.41% | 6.99% | 462.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹2.16B | 11.14 | ― | 1.54% | 7.45% | 8.72% | |
45 Neutral | ₹2.10B | 32.89 | ― | ― | ― | ― |
* General Sector Average
IN:AIRAN
Airan Ltd.
17.03
-8.53
-33.37%
IN:ALANKIT
Alankit Limited
7.95
-5.96
-42.85%
IN:ASMS
Bartronics India Limited
6.90
-9.34
-57.51%
IN:DEVIT
Dev Information Technology Ltd
24.29
-18.59
-43.35%
IN:DRCSYSTEMS
DRC Systems India Limited
12.94
-8.85
-40.61%
IN:FCSSOFT
FCS Software Solutions Limited
1.45
-0.95
-39.58%
Airan Ltd. Corporate Events
Airan Ltd. Confirms Dispatch and Publication of 31st AGM Notice
Sep 5, 2026
Airan Ltd. has announced that it has dispatched the notice for its 31st Annual General Meeting along with the annual report for financial year 2025-26 to shareholders, in line with Indian listing and disclosure regulations. The company has also co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.