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 ₹ 756 Cr.
- Current Price ₹ 315
- High / Low ₹ 432 / 246
- Stock P/E 19.3
- 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 | |
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| Capacity Utilization % |
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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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General Annoncement With Regard To Performance & Growth For The Q-1
8m - Q1 FY27 revenue hit ₹100.7 crore, up 200% YoY; order book ₹433.8 crore, FY27 guidance ₹500 crore.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jul - Submission of Certificate under Reg-74(5) of SEBI (DP) Regulation - 2018.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2 Jul - Airfloa Rail Technology won ₹1.21 crore Indian Railways order for 26 panelling sets, executable in three months.
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 Jun - Investors'' presentation submitted on 2nd June 2026
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
8 Jun - Submission of Transcript of Investors'' call dated 3rd June 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]