Airan Ltd
Incorporated in 1995, Airan Ltd provides consulting, technology, outsourcing, and
next generation digital services & softwares[1]
- Market Cap ₹ 345 Cr.
- Current Price ₹ 27.5
- High / Low ₹ 37.0 / 14.0
- Stock P/E 32.2
- Book Value ₹ 9.49
- Dividend Yield 0.00 %
- ROCE 11.4 %
- ROE 9.15 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 90.8 to 72.3 days.
- Company's working capital requirements have reduced from 159 days to 109 days
Cons
- Stock is trading at 2.90 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 7.67% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
29 | 37 | 49 | 58 | 66 | 87 | 97 | 101 | |
24 | 30 | 40 | 47 | 56 | 75 | 81 | 84 | |
Operating Profit | 5 | 8 | 9 | 11 | 10 | 12 | 17 | 17 |
OPM % | 16% | 20% | 18% | 19% | 16% | 14% | 17% | 17% |
2 | 3 | 3 | 2 | 2 | 6 | 3 | 3 | |
Interest | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 |
Depreciation | 2 | 2 | 5 | 4 | 4 | 5 | 5 | 6 |
Profit before tax | 3 | 7 | 6 | 8 | 8 | 12 | 14 | 14 |
Tax % | 26% | 27% | 29% | 16% | 23% | 18% | 22% | |
2 | 5 | 4 | 7 | 6 | 10 | 11 | 11 | |
EPS in Rs | 0.92 | 2.03 | 0.33 | 0.54 | 0.47 | 0.77 | 0.83 | 0.85 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 19% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 12% |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -7% |
3 Years: | 21% |
1 Year: | 83% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 8% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 25 | 25 | 25 | 25 | 25 |
Reserves | 23 | 68 | 63 | 57 | 63 | 79 | 89 | 94 |
13 | 15 | 11 | 11 | 10 | 5 | 5 | 2 | |
2 | 4 | 11 | 12 | 20 | 26 | 29 | 34 | |
Total Liabilities | 51 | 100 | 97 | 105 | 117 | 135 | 148 | 155 |
15 | 57 | 56 | 57 | 65 | 63 | 78 | 78 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Investments | 0 | 10 | 6 | 1 | 1 | 11 | 8 | 9 |
35 | 32 | 35 | 46 | 51 | 61 | 61 | 67 | |
Total Assets | 51 | 100 | 97 | 105 | 117 | 135 | 148 | 155 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
-10 | 2 | 6 | -0 | 11 | 11 | 22 | |
1 | -14 | 1 | 1 | -10 | -7 | -15 | |
18 | 1 | -6 | -1 | -2 | 8 | -1 | |
Net Cash Flow | 10 | -11 | 2 | -0 | -1 | 12 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 176 | 75 | 71 | 96 | 123 | 77 | 72 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 176 | 75 | 71 | 96 | 123 | 77 | 72 |
Working Capital Days | 258 | 195 | 224 | 246 | 211 | 156 | 109 |
ROCE % | 9% | 6% | 10% | 8% | 8% | 11% |
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