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 ₹ 662 Cr.
- Current Price ₹ 276
- High / Low ₹ 432 / 246
- Stock P/E 23.6
- Book Value ₹ 88.5
- Dividend Yield 0.00 %
- ROCE %
- ROE 23.0 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.12 times its book value
- Company has high debtors of 242 days.
- Company's cost of borrowing seems high
* 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | TTM | |
|---|---|---|
| 192 | 198 | |
| 144 | 150 | |
| Operating Profit | 48 | 48 |
| OPM % | 25% | 24% |
| 0 | 1 | |
| Interest | 11 | 10 |
| Depreciation | 3 | 3 |
| Profit before tax | 35 | 36 |
| Tax % | 27% | |
| 26 | 28 | |
| EPS in Rs | 14.63 | 14.23 |
| Dividend Payout % | 0% |
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| Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Sep 2025 | |
|---|---|---|
| Equity Capital | 17 | 24 |
| Reserves | 93 | 188 |
| 60 | 57 | |
| 86 | 53 | |
| Total Liabilities | 257 | 322 |
| 37 | 39 | |
| CWIP | 0 | 0 |
| Investments | 0 | 0 |
| 220 | 283 | |
| Total Assets | 257 | 322 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | |
|---|---|
| -4 | |
| -6 | |
| 13 | |
| Net Cash Flow | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | |
|---|---|
| Debtor Days | 242 |
| Inventory Days | 202 |
| Days Payable | 207 |
| Cash Conversion Cycle | 237 |
| Working Capital Days | 120 |
| ROCE % |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Actual Production Nos. ・Standalone data |
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| Capacity Utilization % ・Standalone data |
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| Installed Capacity Nos. ・Standalone data |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9h - Airfloa Rail to meet analysts/investors in Mumbai on March 10, 2026, 9:00–18:00, physical meeting only.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24h - Management participated in virtual investor meeting on 06-Mar-2026 at Arihant Bharat Connect; no UPSI.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 Feb - Company held virtual analyst/investor meeting Feb 18, 2026 (12:00–13:30 IST); no unpublished price-sensitive information discussed.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
18 Feb - ₹11.78 Crore order for 159 roller-blind sets from Integral Coach Factory; 45-day completion.
Concalls
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Nov 2025TranscriptPPT
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]