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Airan Limited

ISIN : INE645W01026
NSE : AIRAN
Face Value : 2
Industry : IT - Software

EPS : 0.98
EPS (TTM) : 2.59
Price to Earning (P/E) : 27.29
Book Value : 10.08
Price to Bookvalue (P/B) : 2.65
Dividend Yield : 0 %
Return on Equity (ROE) : 10.75 %
Return on Capital Employed (ROCE) : 14.03 %

Airan Limited share price (28-Mar-2025)
National Stock Exchange NSE
Open / Close	27.17 - 26.74 -1.6 %
Low / High	26.42 - 27.69 4.8 %
Trade Volume	2.66 Lk
52 Week Low / High	0 - 0 NAN %

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Consolidated Standalone

CONSOLIDATED QUARTERLY RESULT FOR AIRAN LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	255.38	210.91	242.01	263.98	256.96	238.72	266.37	252.52	297.37	261.6
Total Income	274.23	223.03	246.29	273.37	260.57	247.85	272.48	262.2	301.02	481.12
Total Expenditure	219.65	190.49	198.48	212.48	206.29	210.93	219.79	207.75	218.57	209.94
Other Income	18.85	12.12	4.28	9.39	3.62	9.13	6.12	9.68	3.64	219.51
Operating Profit	54.58	32.54	47.81	60.89	54.28	36.92	52.69	54.45	82.45	271.18
Interest	0.95	1.17	1.12	2.58	1.27	1.41	0.91	0.53	0.23	0.19
PBDT	53.63	31.37	46.69	58.31	53.01	35.51	51.78	53.92	82.22	270.99
Depreciation	13.69	11.57	12.54	13.24	14.08	11.06	14.17	15.69	13.66	13.55
Profit Before Tax	39.94	19.8	34.15	45.07	38.93	24.45	37.61	38.23	68.56	257.44
Tax	4.77	3.58	8.42	8.64	10.3	6.18	6.44	6.61	20.59	39.63
Profit After Tax	35.17	16.22	25.73	36.43	28.63	18.27	31.17	31.62	47.97	217.81
Net Profit	35.17	16.22	25.73	36.43	28.63	18.27	31.17	31.62	47.97	217.81
Equity Capital	250.04	250.04	250.04	250.04	250.04	250.04	250.04	250.04	250.04	250.04
Face Value (IN RS)	2	2	2	2	2	2	2	2	2	2
Calculated EPS	0.27	0.13	0.2	0.28	0.22	0.15	0.24	0.24	0.37	1.74
Diluted Eps After Extraordinary Items	0.28	0.13	0.21	0.29	0.22	0.14	0.25	0.25	0.35	1.74
Diluted Eps Before Extraordinary Items	0.28	0.13	0.21	0.29	0.22	0.14	0.25	0.25	0.35	1.74

STANDALONE QUARTERLY RESULT FOR AIRAN LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	224.58	189.16	217.46	228.65	227.1	209.47	235.46	219.49	258.38	229.48
Total Income	239.86	196.47	218.94	234.38	230.26	216.3	239.91	225.27	262.53	449.36
Total Expenditure	195.63	170.46	178.94	187.27	180.6	185.38	194.42	184.01	193.29	184.94
Other Income	15.28	7.32	1.48	5.74	3.15	6.83	4.45	5.78	4.15	219.88
Operating Profit	44.23	26.01	40	47.11	49.66	30.92	45.49	41.26	69.24	264.42
Interest	0.25	0.54	0.48	1.6	0.71	0.95	0.51	0.45	0.15	0.09
PBDT	43.98	25.47	39.52	45.51	48.95	29.97	44.98	40.81	69.09	264.33
Depreciation	11.42	9	9.91	10.43	10.35	8.34	9.58	10.77	8.95	9.44
Profit Before Tax	32.56	16.47	29.61	35.08	38.6	21.63	35.4	30.04	60.14	254.89
Tax	2.62	3.11	6.89	6.05	11.01	4.56	6.67	5.08	17.54	38.7
Profit After Tax	29.94	13.36	22.72	29.03	27.59	17.07	28.73	24.96	42.6	216.19
Net Profit	29.94	13.36	22.72	29.03	27.59	17.07	28.73	24.96	42.6	216.19
Equity Capital	250.04	250.04	250.04	250.04	250.04	250.04	250.04	250.04	250.04	250.04
Face Value (IN RS)	2	2	2	2	2	2	2	2	2	2
Calculated EPS	0.24	0.11	0.18	0.23	0.22	0.14	0.23	0.2	0.34	1.73
Diluted Eps After Extraordinary Items	0.24	0.11	0.18	0.23	0.21	0.14	0.23	0.2	0.32	1.73
Diluted Eps Before Extraordinary Items	0.24	0.11	0.18	0.23	0.21	0.14	0.23	0.2	0.32	1.73

Consolidated Standalone

CONSOLIDATED ANNUAL RESULT FOR AIRAN LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	872.97	973.85	1054.97
Total Income	932	1003.5	1085.49
Total Expenditure	754.66	807.74	859.12
Other Income	59.04	29.65	30.52
Operating Profit	177.34	195.76	226.37
Interest	4.89	6.13	3.07
PBDT	172.45	189.63	223.3
Depreciation	51.03	51.43	54.58
Profit Before Tax	121.42	138.2	168.72
Tax	21.26	30.93	39.82
Profit After Tax	100.16	107.27	128.9
Net Profit	100.16	107.27	128.9
Equity Capital	250.04	250.04	250.04
Face Value (IN RS)	2	2	2
Reserves			1010.23
Calculated EPS	0.77	0.83	1
Diluted Eps After Extraordinary Items	0.8	0.84	0.98
Diluted Eps Before Extraordinary Items	0.8	0.84	0.98

STANDALONE ANNUAL RESULT FOR AIRAN LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	767.36	862.36	922.79
Total Income	816.17	880.05	945.95
Total Expenditure	669.37	717.28	759.06
Other Income	48.81	17.68	23.16
Operating Profit	146.8	162.77	186.89
Interest	1.89	3.33	2.06
PBDT	144.91	159.44	184.83
Depreciation	43.56	39.69	37.64
Profit Before Tax	101.35	119.75	147.19
Tax	16.88	27.06	33.84
Profit After Tax	84.47	92.69	113.35
Net Profit	84.47	92.69	113.35
Equity Capital	250.04	250.04	250.04
Face Value (IN RS)	2	2	2
Reserves			895.3
Calculated EPS	0.68	0.74	0.91
Diluted Eps After Extraordinary Items	0.68	0.72	0.91
Diluted Eps Before Extraordinary Items	0.68	0.72	0.91

Consolidated Standalone

CONSOLIDATED PROFIT / LOSS FOR AIRAN LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Operating Income	66.3 Cr	87.28 Cr	97.39 Cr	105.5 Cr
Software Services & Operating Revenues	36.47 Lk	0	0	0
Processing Charges / ServiceIncome	65.93 Cr	87.28 Cr	97.39 Cr	105.5 Cr
Operating Income (Net)	66.3 Cr	87.28 Cr	97.39 Cr	105.5 Cr
Raw Material Consumed	34.84 Lk	0	0	0
Other Direct Purchases / Brought in cost	34.84 Lk	0	0	0
Power & Fuel Cost	64.09 Lk	81.97 Lk	80.35 Lk	83.29 Lk
Electricity & Power	45.75 Lk	64.24 Lk	65.92 Lk	69.53 Lk
Oil, Fuel & Natural gas	18.34 Lk	17.73 Lk	14.43 Lk	13.76 Lk
Employee Cost	32.57 Cr	42.42 Cr	45.44 Cr	51.88 Cr
Salaries, Wages & Bonus	31.96 Cr	41.5 Cr	44.25 Cr	50.64 Cr
Contributions to EPF & Pension Funds	60.4 Lk	91.66 Lk	1.16 Cr	1.23 Cr
Wheeling & Transmission Charges recoverable	82,000	0	2.68 Lk	49,000
Operating Expenses	17.77 Cr	26.28 Cr	27.61 Cr	26.09 Cr
Repairs and Maintenance	65.48 Lk	78.3 Lk	1.34 Cr	97.61 Lk
General and Administration Expenses	4.17 Cr	5.66 Cr	5.61 Cr	5.74 Cr
Rates & Taxes	15.38 Lk	19.54 Lk	20.9 Lk	47.06 Lk
Insurance	16.96 Lk	17.9 Lk	33.19 Lk	49.93 Lk
Printing and stationery	17.26 Lk	27.97 Lk	36.09 Lk	34.58 Lk
Professional and legal fees	20.06 Lk	18.21 Lk	44.95 Lk	50.35 Lk
Selling and Marketing Expenses	7.72 Lk	9.25 Lk	1.04 Cr	67.5 Lk
Advertisement & Sales Promotion	2.37 Lk	9.25 Lk	90.11 Lk	67.5 Lk
Commission, Brokerage & Discounts	5.35 Lk	0	13.88 Lk	0
Miscellaneous Expenses	16.33 Lk	16.35 Lk	25.01 Lk	66.22 Lk
Loss on disposal of fixed assets(net)	0	0	0	39.95 Lk
Loss on foreign exchange fluctuations	84,000	0	2.26 Lk	5.92 Lk
Total Expenditure	55.74 Cr	75.44 Cr	80.76 Cr	85.88 Cr
Other Income	2.26 Cr	5.92 Cr	2.96 Cr	3.05 Cr
Interest Received	1.46 Cr	2.2 Cr	2.25 Cr	2.07 Cr
Dividend Received	0	33,000	13,000	3,000
Profit on sale of Fixed Assets	20.25 Lk	4 Lk	2.91 Lk	1.74 Lk
Profits on sale of Investments	45.74 Lk	3.53 Cr	52.79 Lk	82.94 Lk
Foreign Exchange Gains	2.15 Lk	3.77 Lk	2.55 Lk	0
Operating Profit	12.82 Cr	17.77 Cr	19.59 Cr	22.67 Cr
Interest	76.57 Lk	50.97 Lk	62.81 Lk	33.69 Lk
Intereston Term Loan	62.69 Lk	47.7 Lk	61.34 Lk	30.7 Lk
Bank Charges etc	13.88 Lk	3.27 Lk	1.47 Lk	2.99 Lk
PBDT	12.05 Cr	17.26 Cr	18.96 Cr	22.33 Cr
Depreciation	4.33 Cr	5.1 Cr	5.14 Cr	5.46 Cr
Profit Before Taxation & Exceptional Items	7.72 Cr	12.16 Cr	13.82 Cr	16.87 Cr
Profit Before Tax	7.72 Cr	12.16 Cr	13.82 Cr	16.87 Cr
Provision for Tax	1.83 Cr	2.13 Cr	3.09 Cr	3.98 Cr
Current Income Tax	2.01 Cr	2.26 Cr	3.2 Cr	3.96 Cr
Deferred Tax	-25.24 Lk	-18.08 Lk	-25.6 Lk	11.71 Lk
Profit After Tax	5.89 Cr	10.03 Cr	10.73 Cr	12.89 Cr
Minority Interest	-2.95 Lk	-41.52 Lk	-36.81 Lk	-34.31 Lk
Other Consolidated Items	0	-4.39 Lk	0	0
Consolidated Net Profit	5.86 Cr	9.57 Cr	10.36 Cr	12.55 Cr
Profit Balance B/F	54.98 Cr	60.75 Cr	70.32 Cr	80.51 Cr
Appropriations	60.83 Cr	70.32 Cr	80.68 Cr	93.05 Cr
Earnings Per Share	0.47	0.77	0.83	1
Adjusted EPS	0.47	0.77	0.83	1

STANDALONE PROFIT / LOSS FOR AIRAN LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Operating Income	62.86 Cr	76.72 Cr	86.24 Cr	92.28 Cr
Processing Charges / ServiceIncome	62.86 Cr	76.72 Cr	86.24 Cr	92.28 Cr
Operating Income (Net)	62.86 Cr	76.72 Cr	86.24 Cr	92.28 Cr
Power & Fuel Cost	63.83 Lk	63.53 Lk	68.06 Lk	63.77 Lk
Electricity & Power	45.49 Lk	47.77 Lk	53.63 Lk	50.01 Lk
Oil, Fuel & Natural gas	18.34 Lk	15.76 Lk	14.43 Lk	13.76 Lk
Employee Cost	32.02 Cr	38.62 Cr	41.27 Cr	46.28 Cr
Salaries, Wages & Bonus	31.42 Cr	37.81 Cr	40.18 Cr	45.12 Cr
Contributions to EPF & Pension Funds	59.43 Lk	81.21 Lk	1.08 Cr	1.15 Cr
Wheeling & Transmission Charges recoverable	50,000	0	1.67 Lk	49,000
Operating Expenses	16.13 Cr	22.93 Cr	23.99 Cr	23.22 Cr
Repairs and Maintenance	64.68 Lk	72.62 Lk	88.87 Lk	84.87 Lk
General and Administration Expenses	3.82 Cr	4.49 Cr	4.79 Cr	4.54 Cr
Rates & Taxes	14.93 Lk	16.45 Lk	15.73 Lk	20.33 Lk
Insurance	16.96 Lk	17.02 Lk	23 Lk	38.82 Lk
Printing and stationery	17.18 Lk	21.3 Lk	31.02 Lk	30.93 Lk
Professional and legal fees	14.92 Lk	11.9 Lk	32.19 Lk	35.37 Lk
Selling and Marketing Expenses	2.37 Lk	6.82 Lk	79.43 Lk	59.56 Lk
Advertisement & Sales Promotion	2.37 Lk	6.82 Lk	79.43 Lk	59.56 Lk
Miscellaneous Expenses	15.49 Lk	16.98 Lk	19.65 Lk	62.17 Lk
Loss on disposal of fixed assets(net)	0	0	0	39.95 Lk
Loss on foreign exchange fluctuations	0	1 Lk	1.97 Lk	1.87 Lk
Total Expenditure	52.79 Cr	66.92 Cr	71.72 Cr	75.88 Cr
Other Income	1.82 Cr	4.88 Cr	1.77 Cr	2.32 Cr
Interest Received	1.07 Cr	1.44 Cr	1.25 Cr	1.47 Cr
Dividend Received	0	33,000	13,000	3,000
Profit on sale of Fixed Assets	20.25 Lk	4 Lk	2.91 Lk	1.74 Lk
Profits on sale of Investments	43.09 Lk	3.3 Cr	35.18 Lk	69.91 Lk
Operating Profit	11.89 Cr	14.69 Cr	16.28 Cr	18.71 Cr
Interest	46.79 Lk	19.71 Lk	34.1 Lk	22.83 Lk
Intereston Term Loan	37.36 Lk	17.68 Lk	33.3 Lk	20.58 Lk
Bank Charges etc	9.43 Lk	2.03 Lk	80,000	2.25 Lk
PBDT	11.43 Cr	14.49 Cr	15.94 Cr	18.48 Cr
Depreciation	4.17 Cr	4.36 Cr	3.97 Cr	3.76 Cr
Profit Before Taxation & Exceptional Items	7.25 Cr	10.14 Cr	11.97 Cr	14.72 Cr
Profit Before Tax	7.25 Cr	10.14 Cr	11.97 Cr	14.72 Cr
Provision for Tax	1.68 Cr	1.69 Cr	2.71 Cr	3.38 Cr
Current Income Tax	1.9 Cr	1.92 Cr	2.78 Cr	3.49 Cr
Deferred Tax	-28.71 Lk	-22.92 Lk	-20.11 Lk	-19.17 Lk
Profit After Tax	5.57 Cr	8.45 Cr	9.27 Cr	11.34 Cr
Other Consolidated Items	0	-4.53 Lk	0	0
Consolidated Net Profit	5.57 Cr	8.4 Cr	9.27 Cr	11.34 Cr
Profit Balance B/F	53.74 Cr	59.22 Cr	67.63 Cr	76.68 Cr
Appropriations	59.31 Cr	67.63 Cr	76.9 Cr	88.02 Cr
Earnings Per Share	0.45	0.68	0.74	0.91
Adjusted EPS	0.45	0.68	0.74	0.91

Consolidated Standalone

CONSOLIDATED CASH FLOW FOR AIRAN LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	7.65 Cr	12.16 Cr	13.82 Cr	16.87 Cr
Adjustment	2.84 Cr	-41,000	2.73 Cr	2.91 Cr
Changes In working Capital	2.78 Cr	1.13 Cr	8.62 Cr	-12.94 Cr
Cash Flow after changes in Working Capital	13.26 Cr	13.28 Cr	25.16 Cr	6.85 Cr
Cash Flow from Operating Activities	11.25 Cr	10.99 Cr	21.81 Cr	2.77 Cr
Cash Flow from Investing Activities	-9.86 Cr	-7.21 Cr	-14.89 Cr	-9.32 Cr
Cash Flow from Financing Activitie	-2.31 Cr	7.86 Cr	-1.12 Cr	-4.4 Cr
Net Cash Inflow / Outflow	-92.3 Lk	11.64 Cr	5.8 Cr	-10.95 Cr
Opening Cash & Cash Equivalents	2.43 Cr	1.5 Cr	13.14 Cr	18.95 Cr
Closing Cash & Cash Equivalent	1.5 Cr	13.14 Cr	18.95 Cr	8 Cr

STANDALONE CASH FLOW FOR AIRAN LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	7.18 Cr	10.14 Cr	11.97 Cr	14.72 Cr
Adjustment	2.83 Cr	-29.84 Lk	2.38 Cr	1.85 Cr
Changes In working Capital	3.35 Cr	3.14 Cr	6.24 Cr	-11.63 Cr
Cash Flow after changes in Working Capital	13.36 Cr	12.98 Cr	20.59 Cr	4.94 Cr
Cash Flow from Operating Activities	11.46 Cr	11.06 Cr	17.69 Cr	1.36 Cr
Cash Flow from Investing Activities	-9.69 Cr	-7.24 Cr	-4.76 Cr	-8.85 Cr
Cash Flow from Financing Activitie	-2.29 Cr	-4.24 Cr	-32.67 Lk	-1.96 Cr
Net Cash Inflow / Outflow	-52.22 Lk	-41.87 Lk	12.6 Cr	-9.45 Cr
Opening Cash & Cash Equivalents	1.33 Cr	80.47 Lk	38.6 Lk	12.99 Cr
Closing Cash & Cash Equivalent	80.48 Lk	38.6 Lk	12.99 Cr	3.54 Cr

Consolidated Standalone

CONSOLIDATED BALANCE SHEET FOR AIRAN LIMITED

Consolidated Standalone

FINANCIAL RATIOS (CONSOLIDATED) FOR AIRAN LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	0.47	0.77	0.83	1
CEPS(Rs)	0.82	1.21	1.27	1.47
Book NAV/Share(Rs)	7	8.28	9.1	10.08
Tax Rate(%)	23.75	17.49	22.38	23.6
Margin Ratios
Core EBITDA Margin(%)	15.93	13.57	17.07	18.59
EBIT Margin(%)	12.8	14.51	14.84	16.31
Pre Tax Margin(%)	11.64	13.93	14.19	15.99
PAT Margin (%)	8.88	11.49	11.01	12.22
Cash Profit Margin (%)	15.42	17.34	16.3	17.39
Performance Ratios
ROA(%)	5.3	7.95	7.59	8.43
ROE(%)	6.95	10.5	9.87	10.75
ROCE(%)	8.93	12.28	12.7	14.03
Asset Turnover(x)	0.6	0.69	0.69	0.69
Sales/Fixed Asset(x)	0.76	0.93	0.92	0.88
Working Capital/Sales(x)	2.09	1.5	1.82	1.79
Efficiency Ratios
Fixed Capital/Sales(x)	1.31	1.08	1.08	1.14
Receivable days	103.22	85.25	70.72	87.87
Payable days	2244.06	0	0	0
Valuation Parameters
PER(x)	33.3	23.64	16.81	22.82
PCE(x)	19.08	14.95	10.97	15.6
Price/Book(x)	2.23	2.19	1.53	2.27
EV/Net Sales(x)	3.06	2.5	1.64	2.65
EV/Core EBITDA(x)	15.85	12.3	8.17	12.31
EV/EBIT(x)	23.95	17.26	11.08	16.22
EV/CE(x)	1.73	1.62	1.08	2.2
M Cap / Sales	2.94	2.59	1.79	2.71
Growth Ratio
Net Sales Growth(%)	14.94	31.65	11.58	8.33
Core EBITDA Growth(%)	-0.69	38.61	10.26	15.7
EBIT Growth(%)	-3.25	49.27	14.08	19.1
PAT Growth(%)	-12.47	70.41	6.95	20.16
EPS Growth(%)	-12.91	65.76	7.74	21.13
Financial Stability Ratios
Total Debt/Equity(x)	0.11	0.05	0.04	0.01
Current Ratio(x)	2.53	5.05	4.27	4.73
Quick Ratio(x)	2.53	5.05	4.27	4.73
Interest Cover(x)	11.08	24.85	23	51.08
Total Debt/Mcap(x)	0.05	0.02	0.03	0

FINANCIAL RATIOS (STANDALONE) FOR AIRAN LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	0.45	0.68	0.74	0.91
CEPS(Rs)	0.78	1.02	1.06	1.21
Book NAV/Share(Rs)	6.88	7.55	8.27	9.16
Tax Rate(%)	23.19	16.65	22.6	22.99
Margin Ratios
Core EBITDA Margin(%)	16.02	12.78	16.83	17.77
EBIT Margin(%)	12.28	13.47	14.28	16.2
Pre Tax Margin(%)	11.54	13.21	13.89	15.95
PAT Margin (%)	8.86	11.01	10.75	12.28
Cash Profit Margin (%)	15.5	16.69	15.35	16.36
Performance Ratios
ROA(%)	5.37	7.68	7.84	8.74
ROE(%)	6.69	9.37	9.37	10.4
ROCE(%)	8.58	10.99	12.23	13.6
Asset Turnover(x)	0.61	0.7	0.73	0.71
Sales/Fixed Asset(x)	0.92	1.05	1.1	1.05
Working Capital/Sales(x)	2.24	1.91	1.99	1.97
Efficiency Ratios
Fixed Capital/Sales(x)	1.09	0.95	0.91	0.95
Receivable days	99.19	84.31	69.25	87.36
Valuation Parameters
PER(x)	35.02	26.79	18.79	25.26
PCE(x)	20.02	17.67	13.16	18.96
Price/Book(x)	2.27	2.4	1.68	2.5
EV/Net Sales(x)	3.18	2.97	1.89	3.06
EV/Core EBITDA(x)	16.82	15.5	10.01	15.11
EV/EBIT(x)	25.91	22.04	13.23	18.92
EV/CE(x)	1.86	2.03	1.31	2.47
M Cap / Sales	3.1	2.95	2.02	3.1
Growth Ratio
Net Sales Growth(%)	10.94	22.05	12.4	7.01
Core EBITDA Growth(%)	-3.63	23.5	10.87	14.9
EBIT Growth(%)	-7.33	33.85	19.19	21.37
PAT Growth(%)	-12.88	51.66	9.72	22.3
EPS Growth(%)	-12.88	51.66	9.72	22.3
Financial Stability Ratios
Total Debt/Equity(x)	0.07	0.02	0.02	0
Current Ratio(x)	2.94	5.45	4.84	4.51
Quick Ratio(x)	2.94	5.45	4.84	4.51
Interest Cover(x)	16.5	52.42	36.12	65.47
Total Debt/Mcap(x)	0.03	0.01	0.01	0

SHARE HOLDING PATTERN FOR AIRAN LIMITED

Date	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters %	74.37	72.42	72.42	72.42	72.42	72.38	72.37	72.37	72.37	72.34
FII %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01
DII %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public %	25.63	27.58	27.58	27.58	27.58	27.62	27.63	27.63	27.63	27.65

PEER COMPARISON FOR AIRAN LIMITED

No.	Name
1	Subex Limited
2	ROUTE MOBILE LIMITED
3	Happiest Minds Technologies Limited
4	InfoBeans Technologies Limited
5	Airan Limited
6	KPIT Technologies Limited
7	Xelpmoc Design And Tech Limited
8	RPSG VENTURES LIMITED
9	TREJHARA SOLUTIONS LIMITED
10	Newgen Software Technologies Limited
11	Intense Technologies Limited
12	Tera Software Limited
13	Mindteck (India) Limited
14	LTIMindtree Limited
15	Palred Technologies Limited
16	Infibeam Avenues Limited
17	Kellton Tech Solutions Limited
18	Quick Heal Technologies Limited
19	Aurum PropTech Limited
20	Brightcom Group Limited
21	Zen Technologies Limited
22	Intellect Design Arena Limited
23	Cigniti Technologies Limited
24	SECUREKLOUD TECHNOLOGIES LIMITED
25	Dynacons Systems & Solutions Limited
26	Usha Martin Education & Solutions Limited
27	Persistent Systems Limited
28	Expleo Solutions Limited
29	DiGiSPICE Technologies Limited
30	GSS Infotech Limited
31	OnMobile Global Limited
32	Take Solutions Limited
33	Allied Digital Services Limited
34	Megasoft Limited
35	MindTree Limited
36	Cambridge Technology Enterprises Limited
37	IZMO Limited
38	Tanla Platforms Limited
39	Inspirisys Solutions Limited
40	Tech Mahindra Limited
41	R Systems International Limited
42	Kernex Microsystems (India) Limited
43	Aurionpro Solutions Limited
44	FCS Software Solutions Limited
45	Sasken Technologies Limited
46	63 moons technologies limited
47	Saksoft Limited
48	3i Infotech Limited
49	Xchanging Solutions Limited
50	Coforge Limited

CORPORATE ACTIONS FOR AIRAN LIMITED

CORPORATE ANNOUNCEMENTS FOR AIRAN LIMITED

INSIDER TRADING FOR AIRAN LIMITED

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
BSE 20-Aug-2024 20-Aug-2024	Sell Market	10,000 @ 0.00 (0.01 %)	SUDEEPKUMAR VISHWANATH AGRAWAL
BSE 20-Aug-2024 20-Aug-2024	Sell Market	25,000 @ 0.00 (0.02 %)	SUDEEPKUMAR VISHWANATH AGRAWAL
BSE 29-Dec-2023 01-Jan-2024	Sell Market	15,476 @ 0.00 (0.01 %)	SUDEEPKUMAR VISHWANATH AGRAWAL