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 ₹ 1,121 Cr.
- Current Price ₹ 468
- High / Low ₹ 476 / 246
- Stock P/E 28.6
- Book Value ₹ 99.8
- Dividend Yield 0.00 %
- ROCE 25.6 %
- ROE 22.4 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 244 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| 192 | 320 | |
| 144 | 255 | |
| Operating Profit | 48 | 64 |
| OPM % | 25% | 20% |
| 0 | 0 | |
| Interest | 11 | 9 |
| Depreciation | 3 | 3 |
| Profit before tax | 35 | 53 |
| Tax % | 27% | 26% |
| 26 | 39 | |
| EPS in Rs | 14.63 | 16.33 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 66% |
| Compounded Profit Growth | |
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| TTM: | 54% |
| Stock Price CAGR | |
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| Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 17 | 24 |
| Reserves | 93 | 215 |
| 60 | 68 | |
| 86 | 95 | |
| Total Liabilities | 257 | 403 |
| 37 | 49 | |
| CWIP | 0 | 2 |
| Investments | 0 | 5 |
| 220 | 347 | |
| Total Assets | 257 | 403 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| -4 | -57 | |
| -6 | -22 | |
| 13 | 88 | |
| Net Cash Flow | 2 | 9 |
| Free Cash Flow | -11 | -75 |
| CFO/OP | 0% | -73% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 242 | 244 |
| Inventory Days | 202 | 125 |
| Days Payable | 207 | 105 |
| Cash Conversion Cycle | 237 | 264 |
| Working Capital Days | 120 | 190 |
| ROCE % | 26% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Capacity Utilization % |
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| Government Share of Revenue % |
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| Railways Share of Revenue % |
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| Top 10 Customer Concentration % |
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| Order Book ₹ crores |
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| Total Workforce employees |
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| Active Bid Pipeline ₹ crores |
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| Order Inflow ₹ crores |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Outcome for Outcome Of Board Meeting Held On 27Th August 2026
- Board approved JV MOU with Acme for Konkan Railway tender, KIN acquisition exploration, and AGM on 28 September 2026.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Airfloa secured Rs. 1.92 crore domestic order for Kolkata Metro coaches, to be completed by 30 Nov 2026.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Airfloa Rail Technology won Rs 6.26 crore domestic order from Integral Coach Factory, Chennai, due by 30 Nov 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Management held investor and analyst meetings on 21 August 2026 in Mumbai.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Airfloa Rail Technology won Rs. 70.56 lakh domestic order from MCF Lalganj, to be completed by 09/11/2026.
Concalls
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Jun 2026Transcript PPT REC
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Jun 2026TranscriptPPT REC
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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]