| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 26.6 | 25.7 | +3.3% |
| EBITDA | 3.4 | 3.9 | −11.7% |
| EBITDA margin | 13.0% | 15.2% | −2.2 pts |
| Profit before tax | 8.4 | 4.2 | +99.1% |
| Net profit | 6.7 | 3.2 | +107.2% |
| EPS | ₹0.52 | ₹0.25 | +108.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 173 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 21.2 | 21.2 | 4.3 | 10.5 | 8.6 | ||
| 9.1 | 9.1 | 9.0 | 8.7 | 8.4 | ||
| 1.0 | 1.0 | 2.3 | 0.8 | 4.8 | ||
| 162 | — | — | — | — | ||
| 113 | 112 | 106 | 105 | 97.4 | ||
| — | +5.4% | +0.9% | +8.3% | — | ||
| 13.8 | 14.3 | 18.1 | 19.6 | 16.6 | ||
| 12.2% | 12.7% | 17.0% | 18.6% | 17.1% | ||
| 8.6 | 9.1 | 12.7 | 14.1 | 11.5 | ||
| 15.6 | 12.2 | 18.8 | 12.9 | 10.7 | ||
| 13.8% | 10.8% | 17.6% | 12.2% | 11.0% | ||
| ₹1.25 | ₹0.97 | ₹1.47 | ₹1.00 | ₹0.83 | ||
| — | −34.5% | +46.7% | +21.1% | — | ||
| — | 3.7 | 21.2 | 2.8 | 22.9 | ||
| — | −2.7 | −5.4 | −13.5 | −21.5 | ||
| 1.0 | 1.0 | 15.8 | −10.7 | 1.4 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 173.4 | |
| - Cash, Equiv & ST Investments | 8.6 | 10.5 | 4.3 | 21.2 | 21.2 | |
| + Minority Interest | 8.4 | 8.7 | 9.0 | 9.1 | 9.1 | |
| + Total Debt | 4.8 | 0.8 | 2.3 | 1.0 | 1.0 | |
| Enterprise Value | — | — | — | — | 162.3 | |
| Revenue | 97.4 | 105.5 | 106.5 | 112.2 | 113.1 | |
| Growth %, YoY | — | +8.3 | +0.9 | +5.4 | — | |
| EBITDA | 16.6 | 19.6 | 18.1 | 14.3 | 13.8 | |
| Margin % | 17.06 | 18.56 | 16.99 | 12.71 | 12.21 | |
| EBIT | 11.5 | 14.1 | 12.7 | 9.1 | 8.6 | |
| Net Income | 10.7 | 12.9 | 18.8 | 12.2 | 15.6 | |
| Margin % | 11.01 | 12.22 | 17.62 | 10.83 | 13.82 | |
| EPS, Adj (current shares) | 0.83 | 1.00 | 1.47 | 0.97 | 1.25 | |
| Growth %, YoY | — | +21.1 | +46.7 | -34.5 | — | |
| Cash from Operations | 22.9 | 2.8 | 21.2 | 3.7 | — | |
| Capital Expenditures | -21.5 | -13.5 | -5.4 | -2.7 | — | |
| Free Cash Flow | 1.4 | -10.7 | 15.8 | 1.0 | 1.0 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Airan (NSE: AIRAN) had a market capitalisation of ₹174 crore at the 30 October 2026 close (₹13.93 a share), a PE ratio of 11.1 on the last four quarters' profit and a price-to-book ratio of 1.12. In FY26 its consolidated net profit was ₹12.1 crore on revenue of ₹112 crore; in Q1 FY27 (April–June 2026) it was ₹6.7 crore, up 113.6% year on year. Its debt-to-equity ratio was 0.01 on 31 March 2026. Promoters held 72.21% of the shares on 30 September 2026.
Airan's PE ratio is 11.1 at the 30 October 2026 close (₹13.93 a share): a market capitalisation of ₹174 crore divided by consolidated net profit of ₹15.6 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹12.1 crore) it is 14.4.
Airan's net worth — shareholders' equity in its consolidated balance sheet — was ₹156 crore on 31 March 2026, up 8.2% from ₹144 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹174 crore at the 30 October 2026 close.
Airan's book value per share was ₹12.48 on 31 March 2026: shareholders' equity of ₹156 crore divided by the 12.5 crore shares in issue, up 8.2% from ₹11.54 a year earlier. The share price at the 30 October 2026 close was ₹13.93.
Airan's price-to-book (PB) ratio is 1.12 at the 30 October 2026 close: a market capitalisation of ₹174 crore divided by shareholders' equity (book value) of ₹156 crore on 31 March 2026. That is a book value of ₹12.48 per share against a share price of ₹13.93.
No. Airan had borrowings of ₹1 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.01. Its cash and current investments were ₹26.8 crore, so it held net cash of ₹25.8 crore.
In FY26, Airan's return on equity (ROE) was 8.0% and its return on capital employed (ROCE) was 5.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 13.6% and ROCE 8.3%.
Airan's market capitalisation was ₹174 crore at the 30 October 2026 close: 12.5 crore shares at ₹13.93 each.
Airan's debt-to-equity ratio was 0.01 on 31 March 2026: borrowings of ₹1 crore against total equity of ₹165 crore. A year earlier, on 31 March 2025, it was 0.01.
Airan's basic earnings per share (EPS) were ₹0.93 in FY26, against ₹1.46 in FY25.
Promoters held 72.21% of Airan on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Airan's shares were held by promoters 72.21%, domestic institutions (DII) 0.00% and retail and other non-institutional investors 27.78%. Over the year, DII holding was unchanged.
In FY26, Airan generated ₹3.7 crore of cash from operations and spent ₹2.7 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1 crore. In FY25 it was ₹15.8 crore.
Airan's latest results are for Q1 FY27 (April–June 2026), filed on 13 August 2026: consolidated net profit ₹6.7 crore, up 113.6% from ₹3.2 crore in Q1 FY26; revenue from operations ₹26.6 crore, up 3.3% year on year.
In FY26 (April 2025–March 2026), Airan's consolidated net profit was ₹12.1 crore, down 34.5% from ₹18.4 crore in FY25, on revenue from operations of ₹112 crore (up 5.4%). Over three years, from FY23, net profit was up 16.5%.
Airan has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
On FY26 consolidated figures, against Intense Technologies, Dev Information Technology and FCS Software Solutions: Airan's operating margin of 8.1% is the highest of the four (Intense Technologies 4.5%, Dev Information Technology −0.0%, FCS Software Solutions 1.7%; peer average 2.1%); its return on equity of 8.0% is the second highest of the four (Intense Technologies −11.8%, Dev Information Technology 85.2%, FCS Software Solutions 0.6%; peer average 24.7%); its revenue growth over three years of 4.9% a year is the lowest of the four (Intense Technologies 11.5% a year, Dev Information Technology 15.1% a year, FCS Software Solutions 18.5% a year; peer average 15.0% a year).
In FY26, Airan earned net profit of ₹12.1 crore on revenue of ₹112 crore, against ₹15.7 crore on ₹125 crore for Intense Technologies. Airan's operating margin was 8.1% (Intense Technologies 4.5%) and its return on equity 8.0% (Intense Technologies −11.8%). At the 30 October 2026 close, Airan's market capitalisation was ₹174 crore against ₹187 crore for Intense Technologies.
From Airan's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.