Airfloa Rail Technology Ltd
Incorporated in December 1998, Airfloa Rail Technology Limited manufactures components for Indian Railways' rolling stock through production units like the Integral Coach Factory (ICF) and other coach factories.[1]
- Market Cap ₹ 872 Cr.
- Current Price ₹ 364
- High / Low ₹ 432 / 266
- Stock P/E 34.2
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 31.9 %
- ROE 31.0 %
- Face Value ₹ 10.0
Pros
Cons
- Company has high debtors of 242 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 47.5 days to 114 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SME IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 4 | 137 | 95 | 119 | 192 | |
| 1 | 1 | 4 | 120 | 79 | 87 | 144 | |
| Operating Profit | 0 | 0 | 0 | 17 | 17 | 32 | 48 |
| OPM % | 6% | 5% | 4% | 12% | 17% | 27% | 25% |
| 0 | 0 | 0 | 0 | 0 | 4 | 0 | |
| Interest | 0 | 0 | 0 | 9 | 11 | 12 | 11 |
| Depreciation | 0 | 0 | 0 | 3 | 3 | 3 | 3 |
| Profit before tax | 0 | 0 | 0 | 5 | 2 | 21 | 35 |
| Tax % | 33% | 50% | 67% | 56% | 36% | 31% | 27% |
| 0 | 0 | 0 | 2 | 1 | 14 | 26 | |
| EPS in Rs | 8.00 | 2.00 | 0.80 | 4.38 | 2.98 | 28.49 | 14.64 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 61% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 127% |
| TTM: | 79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 31% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.25 | 5 | 5 | 5 | 17 |
| Reserves | 0 | 0 | 0 | 37 | 37 | 51 | 91 |
| 0 | 0 | 1 | 71 | 60 | 64 | 60 | |
| 0 | 0 | 1 | 49 | 62 | 82 | 87 | |
| Total Liabilities | 1 | 1 | 2 | 162 | 164 | 202 | 256 |
| 0 | 0 | 0 | 37 | 36 | 34 | 37 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 0 | 2 | 125 | 128 | 168 | 219 | |
| Total Assets | 1 | 1 | 2 | 162 | 164 | 202 | 256 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 10 | 3 | -4 | |||||
| 3 | 3 | -6 | |||||
| -21 | -7 | 13 | |||||
| Net Cash Flow | -8 | -1 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 144 | 111 | 122 | 178 | 187 | 311 | 242 |
| Inventory Days | 28 | 61 | 23 | 181 | 400 | 258 | 202 |
| Days Payable | 81 | 79 | 92 | 186 | 414 | 337 | 207 |
| Cash Conversion Cycle | 92 | 93 | 52 | 172 | 173 | 232 | 237 |
| Working Capital Days | 96 | 73 | 66 | 16 | -19 | 47 | 114 |
| ROCE % | 10% | 12% | 13% | 29% | 32% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Oct - ₹113.45 crore new orders in seven days; order book near ₹455 crore (Oct 29-30, 2025).
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
29 Oct - Received Rs 3.08 crore order on 29-Oct-2025 for LHB power car side-wall; delivery within 5–6 months.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
28 Oct - Rs 23.91 crore order from Integral Coach Factory (28 Oct 2025) for Amrit Bharat coach interiors, 15-month execution.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Oct - Received Rs.3.99 crore orders from Integral Coach Factory on 25-Oct-2025; Rs.2.79Cr sidewall/roof, Rs.1.20Cr nose cone.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Oct - Received Rs 8.54 crore orders from Modern Coach Factory on 25-Oct-2025 (Roof Rs1.58Cr; Luggage racks Rs6.96Cr).
Business Profile[1]
Airfloa Rail Technology Ltd is a 20+ year-old manufacturer and turnkey integrator of high-precision forged/machined components and interior/exterior assemblies for rolling stock (Indian Railways, metro, export coaches) and critical components for aerospace & defence.
It provides end-to-end solutions (design, tooling, manufacture, assembly, installation, commissioning) and has executed projects such as Vande Bharat (Train-18) components, Agra-Kanpur Metro, RRTS, Vistadome, and export DEMU coaches.[2]