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AION-TECH Solutions Limited
(GOLDTECH)
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Rating:57Neutral
Price Target:
₹53.00
▼(-7.20% Downside)
Action:Reiterated
Date:07/02/26
The score is primarily constrained by financial performance, particularly weak cash conversion (negative operating cash flow in the last two years) and negative EBIT despite improved reported earnings. Technicals are a notable offset, with strong trend strength above all major moving averages and positive momentum, but valuation remains a headwind given the high P/E and lack of dividend yield support.
Positive Factors
Strong FY2026 Revenue Growth
The sharp FY2026 acceleration indicates improved demand, customer traction or project execution. Sustained top-line growth could expand operating scale and strengthen the business if profitability and cash conversion improve alongside revenue.
Negative Factors
Persistently Negative Operating Cash Flow
Two consecutive years of negative operating cash flow indicate that reported earnings are not translating into cash. Persistent weak conversion can increase reliance on financing, constrain investment capacity and raise funding risk as the business grows.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY2026 Revenue Growth
The sharp FY2026 acceleration indicates improved demand, customer traction or project execution. Sustained top-line growth could expand operating scale and strengthen the business if profitability and cash conversion improve alongside revenue.
Read all positive factors
AION-TECH Solutions Limited (GOLDTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.69B
Dividend YieldN/A
Average Volume (3M)10.83K
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue Growth58.10%
EPS Growth-106.58%
CountryIN
Employees124
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)1.37
Shares Outstanding52,261,837
10 Day Avg. Volume8,070
30 Day Avg. Volume10,829
Financial Highlights & Ratios
PEG Ratio-1.66
Price to Book (P/B)4.06
Price to Sales (P/S)9.18
P/FCF Ratio0.00
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
AION-TECH Solutions Limited Business Overview & Revenue Model
Company Description
AION-TECH Solutions Ltd. primarily focuses on providing a comprehensive range of information technology services. Its operations are organized into two distinct segments: Information Technology and Software Services, alongside Software License pro...
AION-TECH Solutions Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.35B | 889.00M | 932.76M | 929.61M | 609.21M |
| Gross Profit | 206.56M | 732.70M | 76.23M | 80.90M | 29.56M |
| EBITDA | 97.19M | 163.98M | 10.82M | 29.96M | 13.92M |
| Net Income | 80.15M | 99.02M | -21.81M | 4.56M | 5.08M |
Balance Sheet | |||||
| Total Assets | 4.47B | 1.28B | 1.05B | 973.26M | 879.51M |
| Cash, Cash Equivalents and Short-Term Investments | 194.72M | 299.41M | 204.06M | 164.31M | 327.07M |
| Total Debt | 959.90M | 68.28M | 155.13M | 105.36M | 37.26M |
| Total Liabilities | 1.35B | 317.61M | 381.65M | 282.25M | 204.40M |
| Stockholders Equity | 3.06B | 958.48M | 670.73M | 691.01M | 675.11M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -122.91M | -12.30M | -168.95M | 72.49M |
| Operating Cash Flow | -141.73M | -122.91M | 36.27M | -106.06M | 76.60M |
| Investing Cash Flow | 122.95M | 203.48M | -78.52M | 43.52M | -349.64M |
| Financing Cash Flow | 112.05M | -73.86M | 39.59M | 62.64M | 261.68M |
AION-TECH Solutions Limited Technical Analysis
Positive
57.11
Price Trends
54.40
Negative
48.00
Positive
47.38
Positive
Market Momentum
-0.93
Negative
48.20
Neutral
72.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOLDTECH, the sentiment is Positive. The current price of 57.11 is above the 20-day moving average (MA) of 51.36, above the 50-day MA of 54.40, and above the 200-day MA of 47.38, indicating a neutral trend. The MACD of -0.93 indicates Negative momentum. The RSI at 48.20 is Neutral, neither overbought nor oversold. The STOCH value of 72.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GOLDTECH.
AION-TECH Solutions Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | ₹4.85B | 15.54 | ― | 0.09% | 21.23% | 53.64% | |
66 Neutral | ₹4.03B | 13.13 | ― | 13.87% | 4.74% | -11.10% | |
61 Neutral | ₹3.73B | 9.46 | ― | ― | 35.17% | 9.87% | |
60 Neutral | ₹4.91B | 13.40 | ― | ― | -2.21% | -53.12% | |
60 Neutral | ₹2.56B | 90.36 | ― | ― | 84.95% | 0.61% | |
57 Neutral | ₹2.69B | -172.13 | ― | ― | 58.10% | -106.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:GOLDTECH
AION-TECH Solutions Limited
48.90
-18.57
-27.52%
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7.06%
IN:CYBERTECH
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134.05
-8.05
-5.67%
IN:FCSSOFT
FCS Software Solutions Limited
1.48
-0.94
-38.84%
IN:INSPIRISYS
lnspirisys Solutions Limited
89.69
-6.82
-7.07%
IN:SIGMA
Sigma Solve Ltd
48.41
7.09
17.16%
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.