MarketFriction

Aion-Tech Solutions Ltd

NSE GOLDTECH · BSE 531439 · Software Products
₹43.79 -1.99%
NSE close2026-10-01
52 week range29.68 - 70.00
Market cap₹237 Cr.
ESM Price band 2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales24.9726.2823.2217.8020.1922.1128.8019.2433.4840.5941.7227.02
Expenses24.8126.2223.7317.3323.4222.2228.5822.7230.0537.3335.2125.68
Operating Profit0.160.06-0.510.47-3.23-0.110.22-3.483.433.266.511.34
OPM %0.64%0.23%-2.20%2.64%-16.00%-0.50%0.76%-18.09%10.24%8.03%15.60%4.96%
Other Income0.250.270.500.3116.110.931.7014.540.600.981.761.07
Interest0.230.330.250.310.390.230.150.811.091.702.702.01
Depreciation0.340.340.680.600.600.660.502.153.423.709.413.00
Profit before tax-0.16-0.34-0.94-0.1311.89-0.071.278.10-0.48-1.16-3.84-2.60
Tax %25.00%170.59%-21.28%161.54%16.48%528.57%42.52%26.54%0.00%51.72%-30.21%0.00%
Net Profit-0.20-0.92-0.74-0.339.93-0.430.735.93-0.48-1.76-2.69-2.60
EPS in Rs-0.06-0.27-0.21-0.102.87-0.120.211.50-0.030.000.06-0.33
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales52373642435061939389135143
Expenses52383541425062919392125128
Operating Profit-0-11110-12-0-31015
OPM %-0.7%-3.4%1.7%1.4%1.6%0.1%-2.2%2.0%-0.2%-3.0%7%10%
Other Income00000031119184
Interest000000011168
Depreciation50000001221920
Profit before tax-5-1000-012-2133-8
Tax %-76%-92%-788%729%286%427%42%72%33%24%62%
Net Profit-1-02-1-0-110-2101-8
EPS in Rs-0.64-0.060.81-0.47-0.07-0.300.150.13-0.632.861.53-0.30
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%22%13%58%
Compounded Profit Growth%%%82%
Stock Price CAGR20%7%-24%-27%
Return on Equity-3%-4%-6%-4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital191919191919193535353552
Reserves5049232425262533353261253
Borrowings13121224041116796
Other Liabilities161118111214131718232545
Total Liabilities989161565763578897105128447
Fixed Assets3430201920191919252721294
CWIP13130000001217
Investments0000000077152
Other Assets5048413738433769657091144
Total Assets989161565763578897105128447
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity102-4-9-0-328-114-12-14
Cash from Investing Activity-000-0-000-354-82016
Cash from Financing Activity-4-210-01-42664-78
Net Cash Flow60-2-9-1-1-2-10-019
Free Cash Flow102-4-9-1-327-17-15-23
CFO/OP200%-584%152%-1,354%239%-153%3,283%-247%-501%-3,018%396%-139%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5741618177100747893867990
Inventory Days0000
Days Payable
Cash Conversion Cycle5741618177100747893867990
Working Capital Days-50-741812122012211951151096463-10
ROCE %2%-6%-2%1%1%1%0%2%3%-1%-2%-2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters53.88%53.88%53.88%53.88%53.88%53.88%53.88%58.86%58.86%58.86%52.44%52.44%
FIIs0.01%0.00%0.00%0.00%0.08%0.08%0.10%0.08%0.00%0.01%6.43%6.43%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public46.10%46.11%46.11%46.12%46.04%46.04%46.01%41.05%41.14%41.13%41.13%41.14%
No. of Shareholders14,47213,64813,05013,96816,32916,32517,18016,96017,04317,34917,66418,091

Fundamentals

Market Cap₹ 237 Cr.
Current Price₹ 45.6
Book Value₹ 58.5
ROCE-1.71 %
ROE-4.31 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)58%
Compounded Profit Growth (TTM)82%
Consolidated figures.
Valuation
Market capRs 229 Cr
Enterprise valueRs 306 Cr
Price to book0.75x
Price to sales1.60x
EV / EBITDA16.12x
EV / sales2.14x
Earnings yield-0.66%
P/E, 3-year average19.15x
P/B, 3-year average2.97x
P/E, 5-year average226.11x
P/B, 5-year average3.03x
Profitability
Operating margin (excl. other income)7.19%
Operating margin (incl. other income)20.44%
EBITDA margin13.27%
Pre-tax margin-5.66%
Net profit margin-1.06%
Net margin, latest quarter-6.33%
ROE3.99%
ROCE3.53%
ROA2.79%
ROE, 3-year average4.32%
ROCE, 3-year average5.97%
ROA, 3-year average3.05%
ROE, 5-year average2.91%
ROCE, 5-year average4.51%
ROA, 5-year average2.07%
ROIC (approx.)-0.06%
Tax rate61.69%
Other income / net worth5.85%
Growth
Sales growth (latest year)51.89%
Profit growth (latest year)-18.99%
Sales CAGR, 3 years13.25%
Sales CAGR, 5 years21.98%
Profit CAGR, 3 years159.30%
Sales growth QoQ-35.23%
Profit growth QoQ-618.18%
Sales growth YoY (latest quarter)40.44%
Profit growth YoY (latest quarter)-121.84%
Per share
EPS (TTM)Rs -0.29
EPS (latest year)Rs 1.53
EPS (latest quarter)Rs -0.33
EPS, 3-year averageRs 1.26
EPS, 5-year averageRs 0.81
Book value per shareRs 58.49
Sales per shareRs 27.33
Cash flow per shareRs -2.73
Free cash flow per shareRs -4.40
Efficiency
Asset turnover0.30x
Fixed asset turnover0.46x
Debtor days90 days
Debtors turnover4.07x
Cash conversion cycle90 days
Working capital days-10 days
Leverage
Total debtRs 96 Cr
Cash and bankRs 19 Cr
Net debtRs 77 Cr
Debt to equity0.31x
Net debt / EBITDA4.04x
Interest coverage-0.08x
Owners' fund to total sources68.39%
Debt to assets21.50%
Cash flow
Cash from Operating Activity (latest year)Rs -14 Cr
Cash from Investing Activity (latest year)Rs 16 Cr
Cash from Financing Activity (latest year)Rs 8 Cr
Net Cash Flow (latest year)Rs 9 Cr
Free cash flow (latest year)Rs -23 Cr
FCFE (approx.: FCF + change in debt)Rs 66 Cr
Cash from ops / profit, 5 years-2.50x
Statement figures
Net sales (TTM)Rs 143 Cr
Net sales (latest year)Rs 135 Cr
Sales (latest quarter)Rs 27 Cr
Operating profit excl. other income (latest year)Rs 10 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 19 Cr
PBDT (TTM)Rs 11 Cr
Profit before tax (TTM)Rs -8 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs -2 Cr
Net profit (latest year)Rs 8 Cr
Net profit (latest quarter)Rs -2 Cr
Depreciation (TTM)Rs 20 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 78 Cr
Total expenditure (latest year)Rs 125 Cr
Total income (latest year)Rs 153 Cr
Share capitalRs 52 Cr
ReservesRs 253 Cr
Shareholders' fundsRs 306 Cr
Total assetsRs 447 Cr
Net blockRs 294 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 2 Cr
ReceivablesRs 33 Cr
Other liabilitiesRs 45 Cr
Shares outstanding (crore)5.23
Ownership
Promoter holding52.44% (-6.42 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.75 is the lowest in 9.4 years (median 2.45).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGOLDTECHNifty 50Difference
1 week-5.4%-2.8% -2.6 pts
1 month-7.3%-6.8% -0.5 pts
3 months-32.1%-7.6% -24.5 pts
6 months+41.5%+0.4% +41.1 pts
1 year-31.8%-9.9% -21.9 pts
2 years-55.7%-13.6% -42.1 pts
3 years-57.2%+14.2% -71.3 pts
5 years+28.6%+27.9% +0.7 pts

Red flags

F-score 2 of 7
explainWeak cash conversion Cash from operations was -146% of net profit over the last 3 years
explainDebt up, profit down Borrowings up 1307% while net profit fell in 2026
explainLow interest cover Interest cover 1.4x in 2026
lookProfit leans on other income Other income was 685% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: ESM
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

Jun 2026
Sales ₹27 Cr +40.4% vs Jun 2025. Net loss ₹3 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-21Annual General Meeting
2022-09-20Annual General Meeting
2021-09-17 Annual General Meeting
2020-09-18 Annual General Meeting
2019-09-18 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-20 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-21 Annual General Meeting
2014-09-19Annual General Meeting
2013-09-19Annual General Meeting
2012-09-20Annual General Meeting
2011-09-22Annual General Meeting
2010-09-23Annual General Meeting
2009-09-24Annual General Meeting
2008-09-18Agm/Dividend - 6%
2007-09-20Agm
2006-12-21Agm
DateTypeWhat it says
2026-09-29Shareholder meetingScrutinizers Report of the 32nd Annual General Meeting of the Company held on September 28, 2026.
2026-09-29Shareholder meetingVoting Results of the 32nd Annual General Meeting of the Company held on September 28, 2026.
2026-09-28Shareholder meetingProceedings of the 32nd Annual General Meeting of Aion-Tech Solutions Limited (formerly, Goldstone Technologies Limited) ( the Company ) held on Septe...
2026-09-10General UpdatesFurther Investment in ROQIT GREENFLEET DIGITAL SOLUTIONS PRIVATE LIMITED (wholly owned subsidiary
2026-09-03General UpdatesAnnualReport for the Financial Year 2025-26 under Regulation 30 and 34(1) of SEBI (LODR)Regulations, 2015
2026-09-03Shareholder meetingNotice of 32nd Annual General Meeting to be held on September 28, 2026
2026-08-28Board meeting outcomeOutcome of Board Meeting held on August 28, 2026.
2026-08-12Board meeting outcomeAION-TECH SOLUTIONS LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-10General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Regulations, 2015 for further investment in ROQIT GREENFLEET DIGITAL SOLUTIO...
2026-07-10General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Regulations, 2015 for further investment in ROQIT GREENFLEET DIGITAL SOLUTIO...
2026-06-26General UpdatesRe- appointment of Internal auditor for FY 2026-27.
2026-06-26Board meeting outcomeOutcome of Board Meeting held on Jun 26, 2026.
2026-06-03Disclosure under SEBI TakeovAION-TECH SOLUTIONS LIMITED has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (S...
2026-05-29Board meeting outcomeAION-TECH SOLUTIONS LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-29Disclosure under SEBI TakeovPonnapula Karthik Sanjay, Mahita Prasad Caddell, L Preetha Priyadarshini, L P Sashikumar,Trinity Infraventure Ltd has Submitted to the Exchange a copy...
2026-05-05AppointmentAppointment of Mr Mr. Chanakya Bellam Radha Krishna as Executive Director of the company w.e.f. May 01, 2026.
2026-05-05Shareholder meetingVoting results of Postal Ballot
2026-05-05Shareholder meetingAION-TECH SOLUTIONS LIMITED has submitted the Exchange a copy Srutinizers report of Postal Ballot
2026-05-05Shareholder meetingOutcome of Postal Ballot
2026-04-27ResignationResignation of Director/KMP/SMP
2026-04-27CessationRelieving of Mr. Seetepalli Venkat Raghunand as Executive Director and Director of the company w.e.f. April 24, 2026.
2026-03-31Shareholder meetingNotice of Postal Ballot
2026-03-25ResignationResignation of Mr. Seetepalli Venkat Raghunand as Executive Director of the company w.e.f. April 25, 2026.
2026-03-25AppointmentChange in designation of Mr. Chanakya Bellam Radha Krishna as Executive Director of the company w.e.f. May 01, 2026.
2026-03-25Board meeting outcomeOutcome of Board Meeting held on March 25, 2026.
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.
ESM: stage 2Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03