Airan Ltd
Incorporated in 1995, Airan Ltd provides consulting, technology, outsourcing, and
next generation digital services & softwares[1]
- Market Cap ₹ 315 Cr.
- Current Price ₹ 25.2
- High / Low ₹ 37.0 / 14.0
- Stock P/E 32.0
- Book Value ₹ 8.64
- Dividend Yield 0.00 %
- ROCE 11.8 %
- ROE 9.08 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company's working capital requirements have reduced from 141 days to 99.0 days
Cons
- Stock is trading at 2.92 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.28% over last 3 years.
* 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
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
9.93 | 11.21 | 14.35 | 19.15 | 25.93 | 28.87 | 33.20 | 44.13 | 56.67 | 62.86 | 76.72 | 86.24 | 89.16 | |
8.78 | 9.52 | 12.12 | 16.30 | 21.39 | 24.27 | 26.12 | 35.46 | 45.83 | 52.85 | 66.92 | 71.74 | 74.45 | |
Operating Profit | 1.15 | 1.69 | 2.23 | 2.85 | 4.54 | 4.60 | 7.08 | 8.67 | 10.84 | 10.01 | 9.80 | 14.50 | 14.71 |
OPM % | 11.58% | 15.08% | 15.54% | 14.88% | 17.51% | 15.93% | 21.33% | 19.65% | 19.13% | 15.92% | 12.77% | 16.81% | 16.50% |
0.92 | 0.53 | 0.22 | 0.60 | 0.83 | 1.95 | 2.60 | 2.67 | 1.49 | 1.82 | 4.88 | 1.77 | 2.03 | |
Interest | 0.21 | 0.31 | 0.40 | 0.39 | 0.90 | 1.08 | 1.23 | 0.92 | 0.71 | 0.47 | 0.19 | 0.33 | 0.26 |
Depreciation | 0.61 | 0.73 | 0.80 | 1.91 | 2.63 | 2.36 | 2.15 | 5.05 | 4.01 | 4.17 | 4.36 | 3.97 | 3.91 |
Profit before tax | 1.25 | 1.18 | 1.25 | 1.15 | 1.84 | 3.11 | 6.30 | 5.37 | 7.61 | 7.19 | 10.13 | 11.97 | 12.57 |
Tax % | 43.20% | 31.36% | 30.40% | 28.70% | 32.61% | 26.05% | 26.35% | 29.42% | 15.90% | 22.39% | 16.68% | 22.64% | |
0.70 | 0.81 | 0.86 | 0.81 | 1.25 | 2.30 | 4.63 | 3.80 | 6.39 | 5.57 | 8.45 | 9.27 | 9.84 | |
EPS in Rs | 0.76 | 0.88 | 0.93 | 0.88 | 1.36 | 0.92 | 1.85 | 0.30 | 0.51 | 0.45 | 0.68 | 0.74 | 0.79 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 23% |
5 Years: | 21% |
3 Years: | 15% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 22% |
3 Years: | 10% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | 18% |
1 Year: | 68% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 12.50 | 12.50 | 12.50 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 |
Reserves | 10.44 | 11.25 | 12.12 | 12.81 | 14.22 | 23.47 | 67.31 | 61.61 | 55.50 | 60.99 | 69.39 | 78.45 | 83.00 |
3.43 | 2.58 | 3.90 | 9.91 | 8.39 | 12.66 | 8.68 | 6.83 | 7.64 | 5.83 | 1.78 | 1.78 | 1.75 | |
0.94 | 1.26 | 2.25 | 2.48 | 3.14 | 2.01 | 3.68 | 10.56 | 11.79 | 15.86 | 16.24 | 18.73 | 23.20 | |
Total Liabilities | 19.41 | 19.69 | 22.87 | 29.80 | 30.35 | 50.64 | 92.17 | 91.50 | 99.93 | 107.68 | 112.41 | 123.96 | 132.95 |
7.97 | 8.28 | 9.19 | 12.69 | 13.73 | 15.26 | 54.89 | 53.90 | 55.76 | 59.18 | 56.13 | 61.97 | 61.41 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.49 | 0.87 | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | 0.35 | 0.83 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 4.04 | 0.00 | 12.68 | 8.58 | 3.19 | 7.07 | 17.78 | 14.01 | 15.28 |
11.44 | 11.41 | 13.68 | 16.62 | 11.71 | 35.38 | 24.60 | 29.02 | 40.89 | 41.43 | 38.50 | 47.63 | 55.43 | |
Total Assets | 19.41 | 19.69 | 22.87 | 29.80 | 30.35 | 50.64 | 92.17 | 91.50 | 99.93 | 107.68 | 112.41 | 123.96 | 132.95 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7.26 | 1.58 | 1.97 | 0.55 | 10.67 | -9.77 | 8.47 | 2.14 | -0.99 | 11.46 | 11.06 | 17.69 | |
-11.92 | -0.33 | -1.66 | -6.16 | -8.10 | 1.41 | -14.48 | 1.20 | 0.67 | -9.69 | -7.24 | -4.76 | |
2.88 | -1.17 | 0.92 | 5.62 | -1.61 | 18.05 | -5.22 | -2.72 | 0.11 | -2.29 | -4.24 | -0.33 | |
Net Cash Flow | -1.78 | 0.08 | 1.24 | 0.02 | 0.97 | 9.68 | -11.23 | 0.62 | -0.22 | -0.52 | -0.42 | 12.60 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 87.48 | 75.21 | 113.95 | 130.94 | 80.80 | 176.49 | 83.88 | 73.53 | 95.97 | 111.83 | 76.98 | 70.00 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 87.48 | 75.21 | 113.95 | 130.94 | 80.80 | 176.49 | 83.88 | 73.53 | 95.97 | 111.83 | 76.98 | 70.00 |
Working Capital Days | 376.76 | 327.88 | 256.64 | 219.38 | 66.44 | 257.79 | 138.30 | 209.01 | 224.53 | 185.58 | 138.44 | 99.00 |
ROCE % | 8.02% | 8.08% | 8.45% | 5.72% | 7.92% | 7.09% | 8.52% | 6.10% | 10.36% | 7.81% | 7.43% | 11.84% |
Documents
Announcements
- Compliance Certificate Pursuant To Regulations 7(3) Of The SEBI (Listing Obligation And Disclosure Requirement) Regulations, 2015 For Year Ended March 31, 2024. 10 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended on 31st March, 2024.
- Closure of Trading Window 28 Mar
- Intimation Of Resignation Of Non-Executive Director 26 Feb
- Announcement under Regulation 30 (LODR)-Resignation of Director 26 Feb
Business Overview:[1]
Company is in the business of Information Technology and IT enabled services including Banking transaction processing services and Document management services for tele -communication companies, internet services provider, payment banks etc. It provides consulting, technology, outsourcing, and next generation digital services & software, enabling clients to execute strategies for their digital transformation. The company also offers Book Keeping Services to Offshore clients via its subsidiaries