Price
Financials
Standalone, Rs crore| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 85 | 107 | 91 | 229 |
| Expenses | 63 | 81 | 69 | 187 |
| Operating Profit | 22 | 26 | 22 | 42 |
| OPM % | 26% | 24% | 24% | 18% |
| Other Income | 0 | 0 | 0 | 0 |
| Interest | 5 | 6 | 4 | 4 |
| Depreciation | 1 | 1 | 2 | 2 |
| Profit before tax | 16 | 19 | 16 | 36 |
| Tax % | 39% | 16% | 27% | 25% |
| Net Profit | 10 | 16 | 12 | 27 |
| EPS in Rs | 5.86 | 9.19 | 5.04 | 11.29 |
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1 | 1 | 4 | 137 | 95 | 119 | 192 | 320 |
| Expenses | 1 | 1 | 4 | 120 | 79 | 87 | 144 | 255 |
| Operating Profit | 0 | 0 | 0 | 17 | 17 | 32 | 48 | 64 |
| OPM % | 6% | 5% | 4.2% | 12% | 17% | 27% | 25% | 20% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 |
| Interest | 0 | 0 | 0 | 9 | 11 | 12 | 11 | 9 |
| Depreciation | 0 | 0 | 0 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 0 | 0 | 0 | 5 | 2 | 21 | 35 | 53 |
| Tax % | 33% | 50% | 67% | 56% | 36% | 31% | 27% | 26% |
| Net Profit | 0 | 0 | 0 | 2 | 1 | 14 | 26 | 39 |
| EPS in Rs | 8.00 | 2.00 | 0.80 | 4.38 | 2.98 | 28.49 | 14.64 | 16.33 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | % | 50% | 66% | ||
| Compounded Profit Growth | % | % | 197% | 54% | ||
| Stock Price CAGR | % | % | % | 53% | ||
| Return on Equity | % | 21% | 26% | 23% |
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.25 | 5 | 5 | 5 | 17 | 24 |
| Reserves | 0 | 0 | 0 | 37 | 37 | 51 | 91 | 213 |
| Borrowings | 0 | 0 | 1 | 71 | 60 | 64 | 60 | 68 |
| Other Liabilities | 0 | 0 | 1 | 49 | 62 | 82 | 87 | 96 |
| Total Liabilities | 1 | 1 | 2 | 162 | 164 | 202 | 256 | 401 |
| Fixed Assets | 0 | 0 | 0 | 37 | 36 | 34 | 37 | 49 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Other Assets | 1 | 0 | 2 | 125 | 128 | 168 | 219 | 346 |
| Total Assets | 1 | 1 | 2 | 162 | 164 | 202 | 256 | 401 |
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 10 | 3 | -4 | -57 | ||||
| Cash from Investing Activity | 3 | 3 | -6 | -22 | ||||
| Cash from Financing Activity | -21 | -7 | 13 | 88 | ||||
| Net Cash Flow | -8 | -1 | 2 | 9 | ||||
| Free Cash Flow | 13 | 6 | -11 | -75 | ||||
| CFO/OP | 65% | 12% | 0% | -73% |
| Mar 2005 | Mar 2006 | Mar 2007 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 144 | 111 | 122 | 178 | 187 | 311 | 242 | 244 |
| Inventory Days | 28 | 61 | 23 | 181 | 400 | 258 | 202 | 125 |
| Days Payable | 81 | 79 | 92 | 186 | 414 | 337 | 207 | 105 |
| Cash Conversion Cycle | 92 | 93 | 52 | 172 | 173 | 232 | 237 | 264 |
| Working Capital Days | 96 | 73 | 66 | 16 | -19 | 47 | 114 | 186 |
| ROCE % | 10% | 12% | 13% | 29% | 32% | 26% |
| Sep 2025 | Mar 2026 | |
|---|---|---|
| Promoters | 54.20% | 54.20% |
| FIIs | 2.77% | 0.09% |
| DIIs | 1.23% | 0.98% |
| Public | 41.78% | 44.72% |
| No. of Shareholders | 1,624 | 2,129 |
Fundamentals
Market Cap₹ 1,260 Cr.
Current Price₹ 526
Stock P/E32.2
Book Value₹ 98.8
ROCE25.9 %
ROE22.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)66%
Compounded Profit Growth (TTM)54%
Standalone figures.
Valuation
Market capRs 1,252 Cr
Enterprise valueRs 1,314 Cr
P/E (TTM)88.00x
Price to book22.37x
Price to sales10.50x
EV / EBITDA37.15x
EV / EBIT40.51x
EV / sales11.02x
Price to cash flow361.94x
Earnings yield1.14%
Profitability
Operating margin (excl. other income)26.66%
Operating margin (incl. other income)29.66%
EBITDA margin29.66%
Pre-tax margin17.27%
Net profit margin11.93%
ROE29.12%
ROCE29.26%
ROA7.78%
ROE, 3-year average14.33%
ROCE, 3-year average22.06%
ROA, 3-year average3.79%
ROE, 5-year average11.00%
ROCE, 5-year average17.55%
ROA, 5-year average2.91%
ROIC (approx.)18.98%
Tax rate30.92%
Other income / net worth6.38%
Growth
Sales growth (latest year)25.35%
Profit growth (latest year)855.03%
Sales CAGR, 3 years207.58%
Sales CAGR, 5 years147.29%
Profit CAGR, 3 years792.74%
Profit CAGR, 5 years223.76%
Per share
EPS (TTM)Rs 5.94
EPS (latest year)Rs 28.49
EPS, 3-year averageRs 11.95
EPS, 5-year averageRs 7.73
Book value per shareRs 23.36
Sales per shareRs 49.77
Cash flow per shareRs 1.44
Free cash flow per shareRs -31.29
Efficiency
Asset turnover0.59x
Fixed asset turnover3.55x
Inventory turnover1.62x
Inventory days226 days
Debtor days311 days
Debtors turnover1.17x
Creditor days105 days
Cash conversion cycle264 days
Working capital days186 days
Leverage
Total debtRs 64 Cr
Cash and bankRs 2 Cr
Net debtRs 62 Cr
Debt to equity1.14x
Net debt / EBITDA1.76x
Interest coverage2.74x
Owners' fund to total sources27.72%
Debt to assets31.59%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs 3 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -75 Cr
FCFE (approx.: FCF + change in debt)Rs -71 Cr
Sales to cash flow34.48x
Statement figures
Net sales (TTM)Rs 119 Cr
Net sales (latest year)Rs 119 Cr
Operating profit excl. other income (latest year)Rs 32 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 35 Cr
PBDT (TTM)Rs 24 Cr
Profit before tax (TTM)Rs 21 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 14 Cr
Net profit (latest year)Rs 14 Cr
Depreciation (TTM)Rs 3 Cr
Interest (TTM)Rs 12 Cr
Cost of goods sold (latest year)Rs 74 Cr
Total expenditure (latest year)Rs 87 Cr
Total income (latest year)Rs 123 Cr
Share capitalRs 5 Cr
ReservesRs 51 Cr
Shareholders' fundsRs 56 Cr
Total assetsRs 202 Cr
Net blockRs 34 Cr
ReceivablesRs 102 Cr
InventoryRs 46 Cr
Other liabilitiesRs 82 Cr
Shares outstanding (crore)2.40
Ownership
Promoter holding54.20%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 544516 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.9% | -2.8% | -1.1 pts |
| 1 month | +16.5% | -6.8% | +23.3 pts |
| 3 months | +62.5% | -7.6% | +70.1 pts |
Red flags
F-score 7 of 8| explain | Receivables outrunning sales Receivables grew 109% vs sales +25% in 2026 |
| explain | Share dilution Share count up 0% in a year, 2400% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
No quarterly results published.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Airfloa Rail Technology Ltd?
Airfloa Rail Technology Ltd (544516) has a market capitalisation of Rs 1,260 Cr. at the 2026-10-01 close.
What is the P/E ratio of Airfloa Rail Technology Ltd?
Airfloa Rail Technology Ltd trades at a P/E of 32.2 on trailing twelve-month profit, at the 2026-10-01 close.