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Last Updated: April 2, 2026, 2:34 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543811 | NSE: AIRAN

Airan Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹17.42Undervalued by 23.55%vs CMP ₹14.10

P/E (20.4) × ROE (8.9%) × BV (₹11.80) × DY (2.00%)

₹11.97Overvalued by 15.11%vs CMP ₹14.10
MoS: -17.8% (Negative)Confidence: 53/100 (Moderate)Models: 2 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹16.8423%Under (+19.4%)
Graham NumberEarnings₹13.1416%Fair (-6.8%)
Earnings PowerEarnings₹9.1011%Over (-35.5%)
DCFCash Flow₹6.5114%Over (-53.8%)
Net Asset ValueAssets₹11.927%Over (-15.5%)
EV/EBITDAEnterprise₹18.459%Under (+30.9%)
Earnings YieldEarnings₹6.507%Over (-53.9%)
ROCE CapitalReturns₹8.667%Over (-38.6%)
Revenue MultipleRevenue₹8.545%Over (-39.4%)
Consensus (9 models)₹11.97100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -3.3%

*Investments are subject to market risks

Investment Snapshot

53
Airan Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health70/100 · Strong
ROCE 10.9% AverageROE 8.9% AverageD/E 0.10 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.13% (6mo) Slight increasePromoter holding at 72.2% Stable
Earnings Quality55/100 · Moderate
OPM expanding (16% → 18%) ImprovingWorking capital: 126 days Capital intensive
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -1% YoY FlatProfit (4Q): -91% YoY Declining
Industry Rank25/100 · Weak
P/E 20.4 vs industry 23.7 In-lineROCE 10.9% vs industry 19.3% Below peersROE 8.9% vs industry 20.9% Below peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:34 am

Market Cap 175 Cr.
Current Price 14.1
Intrinsic Value₹11.97
High / Low 32.7/12.6
Stock P/E20.4
Book Value 11.8
Dividend Yield0.00 %
ROCE10.9 %
ROE8.87 %
Face Value 2.00
PEG Ratio-6.12

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Airan Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Airan Ltd 175 Cr. 14.1 32.7/12.620.4 11.80.00 %10.9 %8.87 % 2.00
Reliable Data Services Ltd 124 Cr. 120 175/60.111.3 58.60.03 %16.6 %17.2 % 10.0
Bartronics India Ltd 231 Cr. 7.59 19.0/6.93 17.30.00 %0.19 %9.36 % 1.00
One Point One Solutions Ltd 1,158 Cr. 44.0 70.0/40.630.8 16.20.00 %13.0 %10.2 % 2.00
Aurum Proptech Ltd 1,193 Cr. 166 227/144 67.80.00 %2.83 %14.6 % 5.00
Industry Average5,854.87 Cr451.9723.74177.460.54%19.34%20.92%7.41

All Competitor Stocks of Airan Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 24.2026.4025.7023.8726.6425.2529.7426.1626.2326.8027.3125.7026.27
Expenses 19.8521.2520.6321.0921.9820.7821.8620.9923.4821.2022.7321.8023.66
Operating Profit 4.355.155.072.784.664.477.885.172.755.604.583.902.61
OPM % 17.98%19.51%19.73%11.65%17.49%17.70%26.50%19.76%10.48%20.90%16.77%15.18%9.94%
Other Income 0.430.940.360.910.610.970.3621.95-1.30-2.91-6.591.61-0.20
Interest 0.110.260.130.140.090.050.020.02-0.020.010.080.040.03
Depreciation 1.251.321.411.111.421.571.371.361.391.521.161.261.28
Profit before tax 3.424.513.892.443.763.826.8525.740.081.16-3.254.211.10
Tax % 24.56%19.07%26.48%25.41%17.29%17.28%30.07%15.38%2,037.50%-70.69%5.54%23.04%29.09%
Net Profit 2.583.642.861.833.123.164.8021.78-1.541.99-3.443.230.77
EPS in Rs 0.200.280.220.150.240.240.371.74-0.130.15-0.280.250.06

Last Updated: January 2, 2026, 2:03 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 2:18 pm

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 29374958668797106106109
Expenses 24304047567581868895
Operating Profit 58911101217201814
OPM % 16%20%18%19%16%14%17%19%17%13%
Other Income 23322633113
Interest 1111101000
Depreciation 2254455555
Profit before tax 376881214172412
Tax % 26%27%29%16%23%18%22%24%21%
Net Profit 25476101113198
EPS in Rs 0.922.030.330.540.470.770.831.001.480.65
Dividend Payout % 0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)150.00%-20.00%75.00%-14.29%66.67%10.00%18.18%46.15%
Change in YoY Net Profit Growth (%)0.00%-170.00%95.00%-89.29%80.95%-56.67%8.18%27.97%

Airan Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:13%
3 Years:7%
TTM:-2%
Compounded Profit Growth
10 Years:%
5 Years:21%
3 Years:39%
TTM:-100%
Stock Price CAGR
10 Years:%
5 Years:17%
3 Years:9%
1 Year:-33%
Return on Equity
10 Years:%
5 Years:10%
3 Years:11%
Last Year:14%

Last Updated: September 4, 2025, 10:30 pm

Balance Sheet

Last Updated: December 10, 2025, 2:20 am

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12121225252525252525
Reserves 23686357637989101119123
Borrowings 131511111055121
Other Liabilities 241112202629313236
Total Liabilities 5110097105117135148158179185
Fixed Assets 15575657656378828179
CWIP 0000000222
Investments 01061111881545
Other Assets 35323546516161678159
Total Assets 5110097105117135148158179185

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -1026-0111122421
Cash from Investing Activity + 1-1411-10-7-15-10-3
Cash from Financing Activity + 181-6-1-28-1-41
Net Cash Flow 10-112-0-1126-1120
Free Cash Flow -13-22-6381-716
CFO/OP -193%47%101%21%127%112%151%40%139%

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-8.00-7.00-2.000.000.007.0012.0019.0016.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 176757196123777210979
Inventory Days
Days Payable
Cash Conversion Cycle 176757196123777210979
Working Capital Days 25213018921515914198149126
ROCE %9%6%10%8%8%11%13%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.41%72.41%72.38%72.37%72.37%72.37%72.34%72.34%72.34%72.34%72.21%72.21%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.09%0.00%0.01%0.00%0.13%
Public 27.58%27.58%27.62%27.62%27.63%27.62%27.65%27.57%27.66%27.64%27.77%27.66%
No. of Shareholders 42,82543,24848,85850,03356,29556,60864,24664,39363,81262,26760,32858,353

Shareholding Pattern Chart

No. of Shareholders

Airan Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 1.460.980.810.800.46
Diluted EPS (Rs.) 1.460.980.810.800.46
Cash EPS (Rs.) 1.941.471.271.210.81
Book Value[Excl.RevalReserv]/Share (Rs.) 11.5410.089.108.937.12
Book Value[Incl.RevalReserv]/Share (Rs.) 11.5410.089.108.937.12
Revenue From Operations / Share (Rs.) 8.528.447.796.985.30
PBDIT / Share (Rs.) 2.341.811.571.421.02
PBIT / Share (Rs.) 1.901.371.151.010.66
PBT / Share (Rs.) 1.901.351.110.970.61
Net Profit / Share (Rs.) 1.501.030.850.800.47
NP After MI And SOA / Share (Rs.) 1.481.000.820.760.46
PBDIT Margin (%) 27.4421.4520.1020.3319.15
PBIT Margin (%) 22.3416.2814.8214.4812.61
PBT Margin (%) 22.2615.9914.1913.9211.53
Net Profit Margin (%) 17.6212.2111.0111.498.87
NP After MI And SOA Margin (%) 17.3411.8910.6311.018.83
Return on Networth / Equity (%) 12.809.959.109.286.69
Return on Capital Employeed (%) 14.6512.0610.9810.488.66
Return On Assets (%) 10.327.927.017.124.99
Long Term Debt / Equity (X) 0.000.000.010.010.00
Total Debt / Equity (X) 0.010.010.040.050.10
Asset Turnover Ratio (%) 0.630.680.680.660.59
Current Ratio (X) 5.004.734.275.052.53
Quick Ratio (X) 5.004.734.275.052.53
Interest Coverage Ratio (X) 346.3173.7331.9136.2817.67
Interest Coverage Ratio (Post Tax) (X) 223.3442.9918.4921.509.19
Enterprise Value (Cr.) 317.77287.80168.45226.53204.62
EV / Net Operating Revenue (X) 2.982.731.732.603.09
EV / EBITDA (X) 10.8712.718.6012.7616.11
MarketCap / Net Operating Revenue (X) 3.142.711.792.592.94
Price / BV (X) 2.312.271.532.192.23
Price / Net Operating Revenue (X) 3.142.711.792.592.94
EarningsYield 0.050.040.050.040.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Airan Ltd. is a Public Limited Listed company incorporated on 19/04/1995 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L74140GJ1995PLC025519 and registration number is 025519. Currently Company is involved in the business activities of Other business support service activities. Company's Total Operating Revenue is Rs. 94.08 Cr. and Equity Capital is Rs. 25.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Enabled Services408, Kirtiman Complex, Ahmedabad Gujarat 380006Contact not found
Management
NamePosition Held
Mr. Sandeepkumar Vishwanath AgrawalChairman & Managing Director
Mrs. Poonam Sandeepkumar AgrawalExecutive Director
Mr. Abhishek Sandeepkumar AgrawalNon Executive Director
Mr. Manish Chidambaram IyerIndependent Director
Mr. Siddharth Sampatji DugarIndependent Director
Mrs. Bhoomika Aditya GuptaIndependent Director
Mr. Ajit Gyanchand JainIndependent Director

FAQ

What is the intrinsic value of Airan Ltd and is it undervalued?

As of 12 April 2026, Airan Ltd's intrinsic value is ₹11.97, which is 15.11% lower than the current market price of ₹14.10, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.87 %), book value (₹11.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Airan Ltd?

Airan Ltd is trading at ₹14.10 as of 12 April 2026, with a FY2026-2027 high of ₹32.7 and low of ₹12.6. The stock is currently near its 52-week low. Market cap stands at ₹175 Cr..

How does Airan Ltd's P/E ratio compare to its industry?

Airan Ltd has a P/E ratio of 20.4, which is below the industry average of 23.74. This is broadly in line with or below the industry average.

Is Airan Ltd financially healthy?

Key indicators for Airan Ltd: ROCE of 10.9 % is moderate. Dividend yield is 0.00 %.

Is Airan Ltd profitable and how is the profit trend?

Airan Ltd reported a net profit of ₹19 Cr in Mar 2025 on revenue of ₹106 Cr. Compared to ₹10 Cr in Mar 2022, the net profit shows an improving trend.

Does Airan Ltd pay dividends?

Airan Ltd has a dividend yield of 0.00 % at the current price of ₹14.10. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Airan Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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