Airan Ltd. (AIRAN) AI Stock Analysis

• Market Cap: ₹3.17B
• Dividend Yield: N/A
• Average Volume (3M): 13.73K
• Price to Earnings (P/E): 18.4
• Beta (1Y): 1.13
• Revenue Growth: -1.62%
• EPS Growth: -100.30%
• Country: IN
• Employees: 1,787
• Sector: Services
• Sector Strength: N/A
• Industry: Information Technology Services
• EPS (TTM): 0.25
• Shares Outstanding: 125,020,000
• 10 Day Avg. Volume: 9,067
• 30 Day Avg. Volume: 13,733
• PEG Ratio: 0.41
• Price to Book (P/B): 2.52
• Price to Sales (P/S): 3.41
• P/FCF Ratio: 22.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹27.00
• Price Target Upside: 6.59% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: ₹27.00 ▲(6.59% Upside)

Airan Ltd.'s overall stock score is primarily driven by its strong financial performance, which is offset by weak technical indicators and poor valuation metrics. The company's robust revenue growth and cash flow generation are positive, but the negative P/E ratio and lack of dividend yield are significant concerns. The technical analysis suggests a bearish trend, further impacting the overall score.

Airan Ltd. Business Overview & Revenue Model

Company Description

Airan Limited, together with its subsidiaries, provides information technology (IT) and IT-enabled services in India. It offers cash management, doorstep banking, fee collection/counter management, customer onboarding eKYC, cheque truncation/processing services, e-stamping/registration fee collection, document management, contact center, records management, address verification and credit verification, back office management, bookkeeping, software development, self-managed superannuation fund, financials and taxation, data migration, payroll processing, property and strata management, digital document verification, and automobile inspection services. The company was founded in 1989 and is headquartered in Ahmedabad, India.

How the Company Makes Money

Airan Ltd. makes money primarily through service contracts with its clients for IT solutions and managed services. Revenue streams include fees from software development projects, licensing of proprietary software, and charges for system integration services. The company also earns from business process outsourcing agreements, where it manages certain operational tasks for its clients. Significant partnerships with technology firms and enterprise clients contribute to its earnings by expanding its service offerings and market reach.

Airan Ltd. Financial Statement Overview

Summary

Airan Ltd. has demonstrated strong financial performance with consistent revenue growth, high profitability margins, and a stable balance sheet. The company shows impressive cash flow generation, enhancing financial flexibility. Minor concerns include recent cost pressures and increased debt.

Income Statement

Airan Ltd. has demonstrated consistent revenue growth over the years, with a significant increase from 2020 to 2025. The company's gross profit margin is strong, indicating efficient cost management. EBIT and EBITDA margins are healthy, showcasing operational efficiency and profitability. However, a slight decline in gross profit in the most recent year suggests potential cost pressures.

Balance Sheet

The company maintains a robust equity base, reflected in a high equity ratio, indicating financial stability and lower reliance on debt. The debt-to-equity ratio is low, which reduces financial risk. Return on equity has improved, signifying effective use of equity to generate profits. Nonetheless, the increase in total debt in the latest year requires monitoring.

Cash Flow

Airan Ltd. has achieved impressive growth in operating cash flow, demonstrating strong cash-generating ability. Free cash flow has improved significantly, recovering from previous negative figures. The operating cash flow to net income ratio indicates robust cash management. Continued positive free cash flow growth strengthens financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.06B	1.06B	1.05B	973.85M	872.82M	662.97M
Gross Profit	256.11M	265.90M	298.84M	270.24M	203.44M	168.91M
EBITDA	88.40M	291.64M	226.36M	195.76M	177.48M	127.46M
Net Income	-1.92M	184.11M	125.47M	103.59M	96.15M	58.56M
Balance Sheet
Total Assets	0.00	1.79B	1.58B	1.48B	1.35B	1.17B
Cash, Cash Equivalents and Short-Term Investments	291.68M	320.57M	158.74M	289.14M	243.57M	29.40M
Total Debt	0.00	22.79M	7.57M	48.47M	54.87M	96.48M
Total Liabilities	-1.53B	255.33M	234.59M	256.12M	233.85M	282.06M
Stockholders Equity	1.53B	1.44B	1.26B	1.14B	1.04B	875.17M
Cash Flow
Free Cash Flow	0.00	158.09M	-96.66M	4.23M	65.73M	21.81M
Operating Cash Flow	0.00	212.18M	27.71M	218.13M	109.90M	112.51M
Investing Cash Flow	0.00	-30.27M	-93.25M	-148.89M	-72.09M	-98.60M
Financing Cash Flow	0.00	14.06M	-43.97M	-11.20M	78.61M	-23.14M

Airan Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 25.33
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AIRAN, the sentiment is Negative. The current price of 25.33 is below the 20-day moving average (MA) of 25.63, below the 50-day MA of 26.18, and below the 200-day MA of 28.65, indicating a bearish trend. The MACD of -0.30 indicates Negative momentum. The RSI at 45.20 is Neutral, neither overbought nor oversold. The STOCH value of 31.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AIRAN.

Airan Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UMESLTD	62 Neutral	₹152.68M	48.74	―	―	-28.49%	107.71%
AIRAN	58 Neutral	₹3.17B	18.42	―	―	-1.62%	-100.30%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
HBSL	53 Neutral	₹596.00M	3.11	―	1.20%	-120.29%	-132.18%
CINEVISTA	44 Neutral	₹1.06B	―	―	―	3385.07%	-363.24%

Airan Ltd. Corporate Events

Airan Limited Schedules 30th AGM with Virtual Participation

Airan Limited has announced the scheduling of its 30th Annual General Meeting (AGM) on September 27, 2025, to be conducted via video conferencing in compliance with regulatory guidelines. This meeting will allow stakeholders to participate electronically, reflecting the company’s commitment to accessibility and modern communication methods.