Airan Limited

NSE: AIRAN · Unclassified

₹15.57+5.27%06 Nov 2026

Check figures: unusual quarterly results in JUN '24 (₹21.74 cr vs a typical ₹2.16 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about Airan Limited — computed from its filings, no language model

Market cap₹195 cr

Current price₹15.57

High / Low₹24 / ₹13

P/E12.4

P/B1.25

Book value₹12.5

ROE10.1%

ROCE13.0%

Debt / equity0.01

Dividend yield—

EPS (TTM)₹1.25

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	57.7	66.3	87.3	97.4	105.5	112.2
EBITDA	11.0	10.4	11.8	16.6	19.6	14.3
Operating margin	19.0%	15.7%	13.6%	17.1%	18.6%	12.8%
Interest	0.7	0.7	0.5	0.6	0.3	0.1
Depreciation	4.1	4.3	5.1	5.1	5.5	5.2
Profit before tax	8.0	7.7	12.1	13.8	16.9	16.1
Tax	1.3	1.8	2.1	3.1	4.0	3.9
Net profit	0.0	5.9	9.6	10.4	12.6	12.1
EPS ₹	0.54	0.47	0.80	0.84	0.98	0.00
Operating cash flow	—	—	11.1	22.9	2.8	6.4
Capex	—	—	4.4	21.5	11.4	72.8
Dividend paid	—	—	0.0	0.0	0.0	0.0
Total assets	—	—	—	147.9	158.3	192.9
Equity	—	—	—	113.7	126.0	156.1

Quarterly performance

last 27 quarters · ₹ crore

showing latest 8 of 27 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	12.8	15.8	16.2	10.4	14.4	19.4	22.0	19.4	21.1	21.3	25.5	21.1	24.2	26.4	25.7	23.9	26.6	25.2	29.7	26.2	26.2	26.8	25.7	26.3	29.3	31.0	26.6
Operating profit	2.7	3.3	2.4	0.8	1.4	3.5	4.7	2.6	2.8	2.9	3.6	2.0	4.3	5.2	5.1	2.8	4.7	4.5	7.9	5.2	2.8	5.6	3.9	2.6	2.7	5.1	3.4
Operating margin	20.9%	21.1%	14.5%	8.1%	9.5%	18.3%	21.3%	13.2%	13.3%	13.5%	14.0%	9.7%	18.0%	19.5%	19.7%	11.6%	17.5%	17.7%	26.5%	19.8%	10.5%	20.9%	15.1%	9.9%	9.2%	16.6%	13.0%
Other income	0.8	0.6	0.2	0.5	1.4	0.1	0.3	0.9	1.4	1.7	1.9	1.2	0.4	0.9	0.4	0.9	0.6	1.0	0.4	21.9	-1.3	-2.9	1.6	-0.2	8.8	-2.9	6.2
Interest	0.2	0.2	0.2	0.2	0.1	0.1	0.4	0.2	0.1	0.1	0.1	0.1	0.1	0.3	0.1	0.1	0.1	0.1	0.0	0.0	-0.0	0.0	0.0	0.0	0.0	0.0	0.0
Depreciation	1.0	1.1	1.1	0.9	1.0	1.1	1.3	1.2	1.2	1.3	1.4	1.2	1.2	1.3	1.4	1.1	1.4	1.6	1.4	1.4	1.4	1.5	1.3	1.3	1.3	1.4	1.2
Profit before tax	2.2	2.6	1.2	0.2	1.7	2.5	3.3	2.1	2.9	3.1	4.0	2.0	3.4	4.5	3.9	2.5	3.8	3.8	6.9	25.7	0.1	1.2	4.2	1.1	9.6	1.2	8.4
Tax	0.8	1.0	-1.1	0.1	0.9	0.1	0.8	0.5	0.7	0.5	0.5	0.4	0.8	0.9	1.0	0.6	0.7	0.7	2.1	4.0	1.6	-0.8	1.0	0.3	1.8	-0.8	1.7
Net profit	0.0	0.0	0.0	0.0	0.0	0.0	2.5	1.6	2.2	2.5	3.4	1.6	2.5	3.5	2.8	1.8	3.1	3.0	4.6	21.7	-1.7	1.9	3.1	0.8	7.7	0.5	6.7
EPS ₹	0.12	0.13	0.18	0.01	0.06	0.19	0.20	0.13	0.18	0.21	0.28	0.13	0.21	0.29	0.22	0.14	0.25	0.25	0.35	1.74	-0.13	0.14	0.25	0.06	0.62	0.00	0.52
Revenue YoY	—	—	—	—	13.2%	23.1%	35.5%	85.2%	45.9%	9.7%	16.2%	9.0%	14.9%	23.7%	0.6%	13.2%	10.1%	-4.4%	15.7%	9.6%	-1.5%	6.1%	-1.8%	0.2%	9.3%	—	3.3%
Profit YoY	—	—	—	—	—	—	—	—	—	—	35.6%	1.9%	14.8%	36.2%	-16.4%	14.4%	25.8%	-12.1%	65.7%	1088.0%	-153.2%	-38.5%	-85.5%	—	313.9%	—	113.7%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26
ROE	—	—	—	—	—	—	—	—	—	9.3%	10.1%	9.1%	9.3%	9.5%	9.1%	10.0%	25.8%	19.0%	18.2%	7.8%	10.1%
ROCE	—	—	—	—	—	—	—	—	—	11.5%	12.8%	12.2%	12.6%	12.6%	11.8%	13.6%	31.8%	24.9%	23.1%	10.4%	13.0%
Net margin	0.0%	0.0%	0.0%	3.7%	5.4%	7.6%	10.4%	11.0%	10.8%	10.8%	11.2%	10.6%	10.6%	10.9%	10.6%	12.0%	30.2%	25.9%	24.4%	10.8%	13.9%
EBITDA margin	16.7%	13.9%	13.4%	15.8%	16.2%	16.6%	15.5%	13.6%	12.7%	13.9%	15.5%	17.1%	17.3%	17.2%	16.7%	18.8%	20.6%	18.9%	19.6%	12.8%	12.3%
Debt / equity	—	—	—	—	—	—	—	—	—	0.05	0.05	0.04	0.04	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01
Interest coverage	9.59	10.19	12.02	11.63	14.45	15.14	15.26	25.78	29.57	30.86	24.98	23.26	23.30	24.56	34.95	57.30	224.22	522.43	1129.00	135.58	170.33
Asset turnover	—	—	—	—	—	—	—	—	—	0.64	0.67	0.66	0.68	0.66	0.66	0.67	0.68	0.58	0.58	0.58	0.59

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 7 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26
Share capital	25.0	25.0	25.0	25.0	25.0	25.0	25.0
Other equity / reserves	82.6	88.7	93.6	101.0	121.0	123.2	131.1
Total equity	107.6	113.7	118.6	126.0	146.1	148.2	156.1
Borrowings	5.5	4.8	2.5	0.8	0.8	1.1	1.0
Current liabilities	19.3	16.4	18.1	15.8	19.6	18.7	18.2
Non-current liabilities	9.1	9.4	18.0	7.7	11.7	9.0	9.5
Total assets	144.2	147.9	154.7	158.3	186.3	185.1	192.9
Property, plant & equipment	67.4	74.7	74.7	79.0	78.3	75.7	73.9
Capital work-in-progress	0.1	0.3	0.8	1.7	1.8	1.8	1.8
Investments	3.0	8.5	9.2	7.9	26.1	45.1	32.8
Inventories	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Receivables	26.9	19.3	28.7	31.5	22.8	25.5	28.1
Cash & equivalents	0.1	0.1	1.6	2.6	4.2	1.0	5.8

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY26
Cash from operations	11.1	22.9	2.8	6.4
Cash from investing	-8.4	-16.0	-9.3	-17.4
Cash from financing	9.0	-1.1	-4.4	-0.6
Capex	4.4	21.5	11.4	72.8
Free cash flow	6.7	1.4	-8.6	-66.4
Dividends paid	0.0	0.0	0.0	0.0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹73.9 cr38%

CWIP

₹1.8 cr1%

Investments

₹32.8 cr17%

Receivables

₹28.1 cr15%

Cash & equivalents

₹5.8 cr3%

Other assets

₹50.5 cr26%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Airan Limited	195	15.57	12.4	1.25	10.1%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+1.6%

6 months-9.1%

1 year-35.3%

3Y CAGR-11.3%

5Y CAGR-5.1%

10Y CAGR—

50-day avg₹15.34

200-day avg₹15.85

RSI (14)61

FAQs

What is the share price of Airan Limited?

Airan Limited (AIRAN) closed at ₹15.57 on NSE on 06 Nov 2026.

What is the market cap of Airan Limited?

₹195 crore at the latest close.

What is the P/E ratio of Airan Limited?

12.4, on trailing-twelve-month earnings from its filings.

How fast is Airan Limited growing?

Airan Limited: revenue has compounded at 8.7% a year over three years; net profit at 8.1% a year. Latest-quarter revenue is up 3.3% year on year, profit up 113.7%.

How profitable is Airan Limited?

On a trailing-twelve-month basis return on equity is 10.1%, return on capital employed 13.0%, operating margin 12.3%, net margin 13.9%.

How much debt does Airan Limited have?

Airan Limited is debt-free: debt to equity is 0.01 with borrowings of ₹1 cr against cash of ₹6 cr (balance sheet of 2026-03-31). Operating profit covers interest 170.3 times.

Financials parsed from Airan Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.