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 ₹ 1,400 Cr.
- Current Price ₹ 584
- High / Low ₹ 593 / 246
- Stock P/E 35.8
- 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 | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 66% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 99% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 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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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Airfloa signs MoU to acquire KIN Railway Equipment business for ₹48 crore, adding ₹180 crore order book.
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Signing Of MOU With KIN RAILWAY EQUIPMENT PRIVATE LIMITED (KIN) With Regard To Acquisition Of Business Concern Of KIN
- Airfloa Rail signed MOU to acquire KIN Railway Equipment business for ₹48 crore, subject to approvals.
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Submission Of News Paper Cutting Post The Dispatch Of 27Th AGM Notice
- Publishes AGM notice for 27th AGM on 28 September 2026 with e-voting details.
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Receiving Letter Of Acceptence (LOA) For Purcahse / Work Order Value Of Rs. 31.08 Crores
- Airfloa Rail wins Rs. 31.08 crore LOA for Namo Bharat Rapid Rail interior furnishing, to complete by Feb 2027.
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Notice Of 27 Annual General Meeting Of Company
- 27th AGM on 28 Sept 2026 via VC/OAVM; financials, director reappointment, auditor ratifications, e-voting scheduled.
Concalls
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Jun 2026Transcript PPT REC
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Jun 2026PPT REC
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Nov 2025Transcript
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]